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tv   Varney Company  FOX Business  January 16, 2025 10:00am-11:00am EST

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call or go online to request your free quote today. ♪ 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! my work here is done. excuse me, which way back? ♪ ♪ if if you say good-bye and i say hello. ♪ hello, hello ♪ stuart: you like this one, lauren? lauren: given me the history of it. the first time you heard it was on what day? [laughter] and what were you doing? stuart: i was dancing up a storm
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with my girlfriend when i was 15 years old. [laughter] something like that. those were the days. get off my lawn, by the way. [laughter] good morning, everyone. 10:00 eastern. we'd better get to the money. big gains yesterday. some small losses today. the dow's off 100, s&p down 11, nasdaq down 61. just a little red ink today. the 10-year treasury yield is moving up this morning to 4.67%. the price of oil hovering around $800 a barrel, 79.45 right now -- $80 a barrel. bitcoin struggling to the achieve $100,000 a coin, it's back to 97,3. the latest read on home builder sentiment, not likely to affect the market, but it's interesting. what have you got? lauren: came in at 47, up 1 point from last month. it reflects hopes for a stronger economy and fewer regulations. stuart: okay. no effects to telephone -- on the market, by the way. all right, everyone, now this.
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president biden looked to the future. he doesn't like what he sees. his farewell speech last night had a dark tone. keep using that word, it did, indeed, have a dark tone. when he first took office, all the talk was about opportunities, it was positive. as he leaves the stage, he zeroed in on the tech billionaires who are close to donald trump. they will take prime seating at the inauguration. elon musk is virtually the co-president. but to biden, they are an oligarchy, a the tech industrial complex that he says threatens our entire democracy, our basic rights and freedoms. these are the people, he should remember, who have given america worldwide technology leadership, but biden sees them as robber-barons? he sees threats everywhere. a.i. brings new threats to to our rights, our way of life. the free press is crumbling, he says. and social media companies carry some of the blame.
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that's a thinly-veiled hit on mark zuckerberg who has ended fact checking on facebook and instagram. talk about dark. he says the truth is smotheredded by lies told for power and profit. last night we heard 18 minutes of warnings about donald trump who he did not even mention once. he had a parting shot for nancy pelosi, the democrat who pushed her out of the race. he didn't name her, but biden wants to the ban members of congress from trading stocks. pelosi's family made a lot of money trading stocks. east deeply unpopular. that's how he's leaving the stage. cnn puts his approval rating at just 36%. and get this: 61% consider biden's presidency a failure. there's still four days left. he still has time to pardon members of his family. he could still become even more unpopular. it is a sad ending. second hour of "varney" just getting started. ♪ ♪
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stuart: to my immediate left not politically, but geographically, is todd piro, with me for the hour. all right, todd, i characterized biden as an old man, disspiritted old man. what say you? if. >> i think that's a perfectly apt description, but it's based upon facts that he brought on himself. the reason the last four years were viewed so negatively and are conning to be viewed so negatively -- continuing to be viewed so negatively is because they were so bad. the reason donald trump won is because he provided a 180 alternative to the last four years. and for somebody like joe biden who thinks he is way better and has thought he has been way better for his entire 50-year political career, that is a tough nut to swallow. as a result, he's bitter, he's angry. i just want to focus on one thing that the he said there. he railed against dark money, yet a couple weeks ago who did
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he award the medal of freedom to or honor to? george soros. i mean, really? it was a horrible speech, not the way he should have gone out, but what should we expect? stuart: i want a little bit more on this. listen to how biden targeted pelosi during that farewell address. roll that tape please. >> we need the get dark money, that hidden funding behind too many campaigns' contributions, we need to get it out of our politics. we need to enact an 18-year time limit, term limit, time and term, for the strongest reforms for our supreme court. we need to ban members of congress from trading stock while they're in the congress. stuart: he took direct aim at nancy pelosi right there. and then there's this, first lady jill biden said she's disappointed with nancy pelosi for her role in forcing her husband out of the 2024 race. this is a classic divide in the
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democrat party. >> and it's not just with the senior circuit. that divide filters down to the younger folks. and it's going to be incumbent upon those younger folks to figure it out for the democrat party going forward. of course, republicans are cheering. they love this distseng. and what he said was not -- dissension. what he said was not wrong. members of congress should not be trading stock while they're in there. but for jill biden to say, oh, my gosh, i didn't know politics was dirty, i thought these people were my real friends, cry me a river. you played the game when it benefited you. you're not happy nancy pelosi played the game against you with, you're upset about that, and that makes nancy pelosi out to be a kind-hearted person. nancy pelosi deserves anything that comes her way at the end of the day. they're both getting older, heir both going to be out soon. stuart: todd to, stay there, more from you later. look at the markets, please. the dow is down 76, modest loss, nasdaq down 31. look who's here now, gary kaltbaum joining us. obvious question, is the tech
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correction over? >> i think for some things, but i think for other things, no. and you're going to have to be very selective. for a while it was throw the dart at technology. now i think it's a different story. so i separate the good from the bad. for instance, broadcom a few weeks ago announced bigtime earnings and gapped up big and is now sitting tight. we're watching that. and today something like a taiwan semiconductor, really strong move on very good numbers. so that's what we're going to be looking for. we're now entering earnings season. and you find me the companies that are growing their business 50% plus a year, i'll give you the good names going forward. we're on bigtime watch here, but i don't think it's going to be throw the dart anymore. stuart: okay. what's the key to the markets' future? i'm inclined to say it's the yield on the 10-year treasury. what say you? >> there's been a direct correlation between the 10-year yield and the markets. i can tell you as the 10-year
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yield went from 3.6 to 4.8 in the last couple of months, the average s&p 500 stock was down 18% from the highs, and all of a sudden yesterday you get yields plunging. guess what the market did? so if yields behave good, if we go through that magic number of 5%, all bents are off. i think -- all bets are off. i think we could have big headwinds because that may force jay powell to the raise rates, and it's the last thing you want to see. stuart: watch out for 5% on the 10-year treasury, i shall do that. >> bingo. [laughter] stuart: gary kaltbaum, see you soon. looking at the movers, lauren, netflix up $20. lauren: seaport research says buy it. $955 price target, they see 9 million new members added in the quarter when netflix reports on tuesday, up from their prior estimate which was for less than 6 million. so big jump. and participant of that is because of their -- part of that is because of their successful launch into live sports. stuart: can you imagine, 9
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million people -- lauren: just like that. we've been watching the wrestling, the raw? have you watched that, todd? >> stuart and i watch it together. [laughter] lauren: the only thing i watch with other people is premier league soccer, and you know that. >> i do. stuart: what's with ups? they're up today. lauren: they see a potential end to this great recession happening this year. stuart snap. lauren: social media stocks are down, and the reason is there's a report that the president-elect is considering suspending the enforcement of the tiktok ban should the supreme court rule to to ban it when he does become inaugurated one day after that ban is scheduled. stuart: so some social media companies wanted tiktok bans so they could pick up the business. lauren: 170 million americans use tiktok, and if it can't be updated starting on january 19th, yeah, that's more business for them. stuart: and trump wants to save it. after years of drays, jeff bezos' blue origin launched its
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new glen rocket into orbit. it successfully took off -- lauren: yeah. uncrewed, but it carried technology to space, and that technology can be tested so one day you could use it on other spacecraft. this was a big deal because it was this rocket's maiden voyage, and it was a success for jeff bezos. elon musk congratulated him publicly. so in upcoming new glen missions, they're going to carry a prototype of the lunar lander, and nasa intends to use it to launch orbiters to mars. stuart: the only thing is it didn't land bag on a barge out in the -- barge -- land back on a barge out in the ocean. a new poll shows trump more popular than ever. it seems like americans like their new president. more tech tie titans going to the inauguration. which ceos will be attending. a new fox investigation reveals the mess within l.a.'s fire county. most of the problems stem from mayor bass' budget cuts.
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stuart: what do we have on the market this morning? some red ink. 93 points down for the dow, 61 points down for the nasdaq. but, remember, there were solid gains yesterday. a fox investigation shows the cuts to the l.a. fire department that a came from mayor with bass may have directly affected their ability to to fight the fires. william la jeunesse in pacific palisades. william, what's this about firefighters reporting to the firehouse without any if engines to man? >> reporter: yeah. what we were told by multiple firefighters, stuart, is when
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the call came out whether you're off duty or not, come on in. they showed up at fire stations around the city, and there were no vehicles. so while everyone kind of agrees nothing could have stopped this fire because of the high winds, it did expose some problems that hampered the response. >> many of our rigs that are sitting at our supply and maintenance because we don't have the resources to fix them. >> reporter: that's l.a.'s fire chief last year begging for more mechanics. why? when the palisades fire broke out, every available firefighter showed up. manied had no pusher truck, engine or vehicle the use. >> we have million if dollar rigs sitting at the yard with no mechanics to fix them. >> reporter: many are here, the maintenance yard, where up the one if six l.a. fire trucks are broken down, unavailable because the department has no money to fix them. >> there's been a 55% overall increase for calls for service. >> reporter: compared to other
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major cities, lafd is grossly understaffed. far below recommended levels. >> we have fewer sworn firefighters today than we had in 2010. >> reporter: a huge drain on fire resources, the homeless. last year lafd responded to 14,000 fires and 52,000 medical calls. >> if we cut one position, if we close one station, if we close one resource, the residents of los angeles are going to the pay the ultimate sacrifice, and someone will die. >> reporter: while next year's budget calls for more mechanics and replacement vehicles, the department wants another 5 million for ev charging stations and almost 2 million for diversity and inclusion plan. >> we are at that breaking point where firefighters can no longer do more with less. >> reporter: that the new budget also costs -- asks for, rather, stuart, 227 positions to respond simply to the homeless are issue. we are also told by these
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firefighters that they had no idea that that reservoir that feeds the tanks, that feeds the hydrants was offline, and if they did know, they could have hired some water tenders to help hem address this fire. back to you. stuart: got it. william la jeunesse, thank you very much. a new app is called watch duty. it's helping residents in california deal with these fires. watch duty's vice president of operations is nick russell, and he joins me now. all right, nick, what exactly does the app do? does it point out where the fires are and where they're going? is that what it's for? >> yeah. it's really focused on situational awareness. so we want people to be able to go to the app in times of danger and immediately know what's going on around them, where the fire started, where it's spreading to and what sort of threat they're under. and we tell them a storyline of reports from the start of ignition until the threat passes and the last engine leaves much like sports reporting. stuart: okay. what inspired you to create this
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app? >> yeah. is so we live right here in the wildland, right, and we're faced with wildfire ifs all season long. unfortunately, the seasons has become year-long. traditionally, this happens in the summer. we've searched and searched s and searched looking for information, and you to wednesday up -- end up going to multiple social media outlets and government sites just the get one piece of to information. we developed this app to aggregate all that information in one place and build a purpose-built platform to deliver it directly to people outside of the comments on social media about space lasers and direct energy weapons starting fires. stuart: how many users do you have? >> before these fires just under 300, and eight days later we have over 5.2 million. stuart: whoa. can i ask you how you make money out of this this? >> yeah. so it's free. it'll always be free. we'll never put ads in there. the last thing we want to do is
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sell folks fire hoses when they evacuate their homes. we've developed a couple membership levels that that helps support keeping the app free for everybody else. it costs us about a 34 cents a user to give it away for free, so by offering some member benefit programs, we help support keeping the app free. stuart: nick russell, that that's a valuable contribution, in my opinion. watch duty. an interesting app. thank you, sir. appreciate it. all right. >> thanks for having me. stuart: all right. time to look at this. new photos show l.a.'s a mayor with karen bass at a cocktail party in ghana. lauren, this was taken just as the fires broke out in the palisades, and she's in ghana. lauren: yeah. and she's smiling for pictures at a cocktail party in ghana as these fires were breaking out. it's really bad optics. let me give you the timeline, because it shows mismanagement and bad decision after mismanagement and bad decision. two weeks ago, january 2nd, the national weather service warned of the wildfires. two days after that she traveled
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to ghana anyway. had that warning 48 hours, took the trip anyway. three days after that the fire started. and even though she did take phone calls, she did rush home, you're in ghana if while the city you're in charge of is burning. people are mad. and it's just mismanagement. and she also a, when she came into office, said she's not going to to be the mayor that goes on foreign trips. well, i've counted four that she's recently been on on the taxpayers' dime. stuart: i think you're right. todd, do you think karen bass can ride out without any consequences? >> i do not because even if the far left are, many of them in l.a., california and nationwide are even saying this is bad with. not everybody. there are people that are defending her and saying it's racist because you're saying that, you know, today had no water. well, i don't know if that's ooh a racist comment so much. to me, lauren hit on the important thing. forget the optics.
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you knew more than 48 hours in advance that this was a potential pop. this is fire season in l.a. so you know every year this is a possibility. but they warned you in particular that this could be particularly bad. and combine that with the fact that you should know that the water systems have problems, that the brush is overgrown because your policies led to that. you might want to stick around knowing that, she didn't. that's where the problem -- lauren: work hard, play hard, right? if you're going going to go overseas, make sure all your ducks are in order while you're away. stuart: bad timing on the trip. lauren, thank you. president biden bid farewell to america last night but not without a warning. >> an oligarchy's taking shape in america of extreme wealth, power and influence that literally threatens our entire democracy. stuart: i'll ask key i roy murdoch of what -- what he made of the president's ominous if tone. that's next. ♪ i'm way too good at good-bye
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your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. our advanced matching helps find talented candidates, so you can connect with them fast. visit indeed.com/hire “music playing” stuart: on the markets this morning, some red ink. not that much. dow's off 100 points. but lauren is look at the
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movers, and i want to know about google, because it is -- well, it's not down that much, but it's down. lauren: axios is reporting that google told the european union it will not add fact checks or use them in any way ranking or removing content. the e.u. in a new law wants them alongside google search results and youtube videos, and google is saying, no way. biden spoke about social media, contented moderation, fact checking in his farewell address last night, and this is the tech industry at least reportedly telling europe, huh-uh. stuart: the europeans are trying the make our tech guys do something they don't want to do. seddle -- z -- sezzle -- lauren: correct. it is at 306 for a gain of almost 18 president. they came out, increased their outlook for the year. the ceo says a lot of people usedded our services, exceptional demand. stuart: affirm is another buy now, pay later company.
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they did very well. lauren: this is how we get by with high prices. stuart: got it. president biden used parts of his farewell address to to go after trump, big tech, even nancy pelosi. roll tape -- no, not roll tape, let's bring in peter doocy. sorry about that. [laughter] >> reporter: i'm live here, stu. stuart: a lot of people are using the word dark to describe the speech. how do you see it? >> reporter: yes, it's definitely not what we were told to expect, and it shows over the course of the last half decade or is so joe biden's gone from no malarkey to no tech oligarchy. >> today an oligarchy is taking shape in america of extreme wealth, power and influence that literally threatens our entire democracy. we've seen it before. more than a century ago, the american people stood up to the robber-barons back then. >> reporter: the president was happy to have the so-called robber-baron barons on his side
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when they support him, even working years ago to censor donald trump. the problem now, many are making nice with donald trump even the one he concedes are critical to controlling the future of artificial intelligence so china can't. >> social media's giving up on fact checking. the truth is smothered by lies. told for power and for profit. we must hold the social platforms accountable to protect our children, our families and our very democracy from the abuse of power. >> reporter: the president expressed gratitude for his partner p kamala harris, but shared parting shots for lawmakers staying in d.c. including nancy pelosi and donald trump. >> we need to ban members of congress from trading stock while they're in the congress. we need to amend the constitution and make clear that no president, no president is immune from crimes that he or she commits while in office. >> reporter: the president's remarks were not written so that
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he could say mission accomplished. instead, they seem to have been written so he could say there's a lot of problems lurking just beneath the surface, it's up to everybody else now to deal with it. stu? stuart: a very much alive peter doocy at the white house -- [laughter] thank you very much, peter. see you soon. deroy murdock is with us this morning. i thought biden, i've said this throughout the show. i thought his speech made him come across as an angry, bitter old man. you going to take issue with that? >> i wouldn't take issue with that. i'd also add a man with tremendous lack of self-awareness. he talked about the tremendous power of the big tech oligarchs threatening democracy? this is the same administration that had 80 fbi run -- agents running around deplatforming, we don't like that satire about the pandemic, we don't like people's comments on advantage -- vaccine mandates, so just suppress that. he's saying the big tech
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oligarchs are a threat to democracy. he was the guy putting pressure on them to do his bidding. stuart: we've got a new poll, fascinating. it shows 52% of voters approve of trump's handling of the transition. it looks very much to me like we approach, we like the the incoming president. america likes him. >> it seems that that way for a couple reasons. one is he's been tremendously active since he's been elected. he's got about a thousand employees ready to go at the beginning of his administration. he's going to hit the ground running at light speed practically. i think people appreciate that. and i also think he's been a little calmer. we don't have sort of the uppers on social media at pour in the morning. he's -- four in the morning. he's restrained himself a little bit on the harsh language toward his critics, and i think people appreciate that too. stuart: and he performs. when he stands up and talks, you can listen, and it's easy to listen to. he's entertaining. >> he's the most transparent president we've probably ever
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had. he makes it very clear. you may like it or the dislike it, but no one's sitting there thinking i wonder what donald do trump thinks about x, y or z? stuart: all right, i think you went to palisades charter high school. what do you think of karen bass and gavin newsom, how they handled the fires? >> not a fan -- stuart: that that's mild. [laughter] >> yeah. i kid go to pali high school, and the good news is despite early reports that it burned to the ground, there are some bungalows that burned but 90% of the campus is is intact. it looks like the students are going to go right back tomorrow, which i'm sure they won't, but reports of it -- >> it's a charter school. i hope you can salvage something out of pali high. >> great memories. stuart: help californians
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affected by the fires by donating to the red cross at go.fox/redcross or by scanning the qr code on your screen. more ceos are going to attempt -- attend trump's inauguration. who's on the list now? lauren: reportedly, sundar pichai of google and the ceo of tiktok. his app is tiahrting on the brink of -- teetering on -- stuart: what does that tell you? lauren: of course, elon musk, jeff bezos, mark zuckerberg at the dais because they're important. because they support the new administration, and they now have access to to it, to trump himself. don't leave out microsoft. reportedly, trump and musk dined with its ceo at mar-a-lago. they discussed a.i., cybersecurity and, to of course, microsoft is committing $50 billion to u.s. data centers this year. stuart: thanks, lauren. hey, todd -- >> hey, stu.
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stuart: i've never seen such a turn-around. loved biden four years ago, now they love trump. >> yeah. i don't know if love is the right word for trump. let's be realistic, for the majority e of these folks like bezos and zuckerberg, to an extent, they kind of went after the king and didn't kill him, and so now they got lucky that he's not going to kill them. he's kind of welcoming them in because what did trump say throughout? he wants a world where everybody's views are welcome and a view of the world where democrats and republicans don't have to be mortal enemies. so he's almost giving them a second life, and they're rewarding him with a lot of attention. and with the exception of musk though, i think if if trump lost, hay wouldn't, obviously, be this in love with donald trump. this is let's get as close to the power teat as possible. lauren: it's about artificial intelligence. they're dropping -- developing it. >> and what does trump control out of all that? the energy, which is the most
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important aspect of a.i. it's what will determine whether or not we can win or lose. biden hurt energy, trump's going to help. stuart: todd, thank you. programming note, tomorrow we are celebrating our 15th anniversary -- lauren: look so young in that photo. [laughter] >> you serious? he's right here. he can hear you. stuart: that is a very old picture, by the way. [laughter] a special show lined up. don't miss it, please. it includes clips from our very first show 15 years ago. lauren: was i on it? if i might have been. i don't know. stuart: i've not seen it. in just three days, tiktok could be banned. users are flocking to another chinese app calls little red book which is raising even more security alarms. aoc was not if happy after the house passed the protection of women and girls in sports act. watch this. >> republicans who have voted against consistently, against the violence against women act now want to preend tend today --
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pretend today that they care about women. trans girls are girls. stuart: all right. riley gaines has a lot to say about that, and riley gaines is next. ♪ ♪ who run the world? ♪ girls ♪
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stuart: the dow jones average at this moment is down a mere 55 points. nasdaq down a mere 22 points. fractional gain for the s&p. this just coming in at us, major political news from florida. governor ron desantis just said he will choose state attorney general ashley moody to take marco rubio's open senate seat if he is confirmed as secretary of state. and congressman byron donalds, he's been telling potential donors he is going to run for governor in 2026. governor desantis is term limited, so he's not going to
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oppose him. sources close to donalds say he expects he will get an endorsement from president trump. then there's tiktok. only three days left to either divest or sell. lydia hu with me. are users already abandoning tiktok? i believe they are. >> reporter: yeah, they are. they're searching for a new social media home. and get this, they call themselves tiktok refugees, and hundreds of thousands of them are turning to another chinese social media app, called red note. the app has soared in popularity, it has skyrocketed to the number one free app many apple's app store. -- in a apple's app store. more than 700,000 users joined in just two days. how long does this flight last, or really how long is it permitted? the house select committee on china has raised a cement call eye on red note -- skeptical eye. it is completely chinese-owned. information gathered flows
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directly into the hand of china. but some tiktok refugees say they know the risks, and they're not bothered. they're joining red note anyway. watch here. >> i think that all of these apps have, like, those types of risks, and it's -- but at the end of the day, this is what everyone's going to be using then, like, i'll be there. >> reporter: but maybe the tiktok refugees won't have to leave tiktok after all. as lauren was just speaking about the ceo a moment ago reportedly invited to the inauguration and planning to attend as trump is reportedly considering options to the save tiktok. stuart, maybe they'll still be able to be on tiktok. we'll see. stuart: yeah, we shall see. you really don't know what's going to happen, do you? >> reporter: and only three days left, so we'll see. stuart: there you go. thank you. the house passed a bill to ban transgender athletes from there competing in girls' sports. they got support from two democrats.
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riley gaines with us now. this bill is is headed to the gop-controlled senate. do you have any doubts it'll pass the senate? >> we'll see. i'm certainly hopeful. i'm more hopeful a than i was last year with, if remember in the 118th congress, this bill passed the house with no democrat support, but the democrats wouldn't even take it up for a vote. the senate seems to be a lot more bipartisan certainly on these hot button issues, is so i'm hopeful. even if that's not the case, an issue that a president trump campaigned on, if you can remember, stuart, it was the issue number 17 of his platform in big, bold letters was no men in women's sports. so i'm hopeful he will take executive action on day one as he promised to ensure title ix is upheld by its original intent. stuart: i'm sure you saw this, riley are, but with i'll play it again for our viewers. aoc, alexandria ocasio-cortez, she defended transgender athletes in women's sports.
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it was kind of a rant. watch this. >> republicans-voted against, consistently against the violence against women act now want to pretend today that they care about women. and why? to open up gender and, we, genital examinations into little girls in this country mt. so- called name -- in the so-called name of i attacking trans girls. trans girls are girls. stuart: wait a second, riley. the gender examination of girls. can you figuring that one out? [laughter] >> yeah. well, it wasn't just aoc, first of all. if you watch what the democrats pulled, the theatrical stunts they pulled on the house floor that day, they had a sign behind them that said the gop, this is the child predator empower ifment act. that's what they saul -- called it, the child predator empowerment act.
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really crazy stuff. continuing to listen to them tout about women's rights, i think it's pertinented today given that congresswoman mace's h.r. 30 is on the floor which is the violence against women by illegal aliens act, i can tell until you how aoc voted on this in the 118 congress, and that was no. these people don't care about women. some of the things we heard on the floor today, they're going to be -- first of all, any illegal alien who committed a sex crime or act of violence are inadmissible and deportable. but we heard this will widen the highway for donald trump's mass deportations and deporting rapists and pedophiles and murderers would set back our efforts to protect survivors and stop abuse. these people are so open-minded, stuart, that their brain has fallen out. they don't care about women. november 5th clearly taught them nothing. stuart: but what surprises me is this bill doesn't have overwhelming support. only got the support of two
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democrats in the house, and they're worried about it in the senate? i don't understand that. >> yeah. and, again, neither does the majority of the american people. i've said it on this program before, while i certainly believe on november 5th that people turned out to the polls to embrace donald trump, to embrace his cabinet picks, to embrace an america first agenda, i believe more so that people turned out to the polls to reject absurdity. and that is entirely and thoroughly what the democratic party has become, is absurd. they've lost the a ability to communicate with your common sense, everyday american who intuitively knows that men and women are different. and you think about, pretty immediately following the election we had congressman seth moulton, democrat from massachusetts, who came out and said i was originally a cosponsor of the equality act, but i've got daughters. i don't want boy boys on the field or court with them. but even he voted in favor -- voted in opposition of the protection of women and girls in sports act which shows you the
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democrats are more than a party, they're a cult. stuart: got it. riley gaines, always a pleasure. come back soon to this program. >> anytime. thank you. stuart: you got it. covering donald trump is a daily exercise in surprise. he is the disrupter in chief, and you never know quite what to expect. that's my take, top of the hour. trump's inauguration just four days away, but republicans in congress are already getting started on his border agenda. we'll deal with that 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 an alternative to pills, voltaren is a clinically proven arthritis pain relief gel, which penetrates deep to target the source of pain with nonsteroidal anti-inflammatory medicine
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for millions of families, like my own. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. ♪ ♪ stuart: something of a mixed picture for the market after yesterday's big gains. a little red ink for the dow and also for the nasdaq. nothing serious at this point. congress already getting started on trump's border policy. mike emanuel on capitol hill. what action is the senate taking on this today? >> reporter: stu, no surprise, president-elect trump's plans to fix our broken border taking center stage ahead of the inauguration. let's take a live look at the senate homeland security committee hearing ongoing at this hour. they're taking a look at the remain in mexico policy which experts say was effective during the first trump administration. kentucky senator rand paul says president biden ignored policies
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that worked. >> -- there's the laws that exist to protect this nation were bent, abused and outright ignored. parole, which is meant to be used sparingly, became a loophole, and asylum laws were distorted to justify an open border agenda. >> reporter: a key senate democrat acknowledged the president does have more tools to get a handle on the border. >> i agree there are other tools, and in 2013 we passed in the united states senate a comprehensive immigration reform that, in fact, would have implemented those other tools for securing our border. i continue to support more robust efforts at border security. >> reporter: this comes as a new fox poll shows strong support for deporting migrants accused of crimes, 59%. experts say remain in mexico requires a willing partner in mexico. tomorrow trump homeland security
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secretary nominee kristi noem will be here on capitol hill for her confirmation hearing. as the new administration shifts its focus on fixing the border crisis. stu? stewart stout mike, thanks very much, indeed. joining us now is joe borelli. joe, if we get a return to mexico, if we get that, if we stop these free flights over the border and we stop the use of this app that's allowing 1.5 million people into this country, if we stop that, the flow of migrants to new york is going to dry up, isn't it? >> the short answer is, yes. but there's even better news. since the election the number of migrants that has come9 into the city has decreased already. donald trump's face is on every tv in latin america and doing a great job of dissuading people already from coming to -- at the very least coming to new york thinking that the gravy train's going to continue in posterity. we're erasing those numbers. eric adams has already closed 13
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migrant shelters in the city and is looking to consolidate more of these services in one place as the number continues to drop. now, when trump comes in, if his day one is anything like day one in 2017 when he took office, we can obviously expect a slew of executive orders dealing with migration that will only have that effect. i think the migrants or the potential migrants that are weighing their options right now are not willing to take that risk because they're certainly slowing up. stuart: i wonder how many are actually leaving now because they're worried that i.c.e. is going to be knocking on their door. any evidence of that at all? >> look, they missed the boat. you have eric adams and some of the other leaders saying we're willing the cooperate with tom homan. the days of sort of the nypd protecting people who are here illegally, i think those days are over: and if you're here, especially if you're committing crimes, your days are numbered in this city. stuart: this is a trump effect, isn't it? >> 100%. if kamala harris won, we would not have seen a reduction at the border, and we would be opening
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more shelters that's -- rather than closing them. stuart: republicans from new york and new jersey want trump to raise the sam cap from the current $10,000 to $100,000. that's a number that the rest of the gop can get behind or no? >> $100,000's a big number, but god bless mike lawler for trying to protect his constituents. we have a s.a.l.t. tax where if the gop if wants to retain control of the house, they can't do that without keeping some of the seats in the suburban areas of new york and some of the counties in new jersey. there's no path to the majority in 2026 without that. so we have to concede something. some entrenched members have to make some concessions on this issue. we not allow the narrative -- cannot if allow the narrative to be taken away from us. states like new york and new jersey charge double, right? your tax burden in florida is half of what it is in new york state. you make that move to to florida, you owe the government just by the mere fact you reside
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here less money. and that's why people flee. unfortunately, we cannot let them take that narrative that trump is taking away the s.a.l.t. cap. the reason people are paying more is because failed governors in progressive and blue states are charging them more at the state and local level. stuart: got that right. joe borelli, thanks for joining us, we appreciate it. you a too, todd. thanks very much. still ahead, brian brenberg on biden blaming climate change for the fires in california. kiron skinner on who gets credit for the gaza hostage deal, trump or biden. kennedy on a new fox poll showing trump is the most popular that he's ever been. the 11:00 hour is next. ♪ new york city, please go easy on this heart of mine. ♪ 'cuz i'm losing my lover to the arms of another ♪
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