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tv   Varney Company  FOX Business  February 5, 2025 11:00am-12:00pm EST

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(auctioneer) let's start the bidding at 5 million dollars. thank you, sir. (man) these people of privilege... hoarding the financial advantages for far too long. (auctioneer) 7.5 at the back. (man) look at them — unaware that robinhood gold members now enjoy the vip treatment — a 3% ira match on retirement contributions. (auctioneer) 11 million sir. (man) once they discover their privileges are no longer exclusive... their fragile reality will plunge into disarray. ♪ ♪ ♪ stuart: it's the rolling stones again. all right. madison: rolling stones morning. stuart: playing lots of stones this morning, are we not? okay, good stuff. 11:00 hour is upon us. it's wednesday, february 5, and look what's happening on the markets, not that much. dow up 30, nasdaq down 95.
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now, show me big tech, that's a lot of action there. most of them are on the downside, except nvidia, which is up but microsoft, apple, amazon, alphabet, they're all down. look at google down 8%. the 10-year treasury yield with a lot going on there too. down to 4.43%. all right, now this, in two weeks donald trump has vastly expanded power and/or authority of the presidency. he's using elon musk to do it. the strike thaty is clear -- strategy is clear, overwhelm the government with rapid fire change, unstoppable momentum, and do so much so fast that congress, bureaucracy and even the courts can't respond quickly enough. that's what's happening and musk is trump's hammer. what he's done in two weeks has shocked everyone. his first meaux was to take over the u.s. digital service, which sounds obscure, but it manages the government's online operations and it's been renamed
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the u.s. doge service. imagine the power that gives it. he's taken over office of personnel management, that's the government's hr department and gained access to the treasury's payment system so he knows who's getting what and taken over usaid and outrageous payments that went unchallenged for years. musk is loving it and has an office in the west wing but thought it was too small and reportedly moved to much bigger secretary of war su suite in the executive office building and that's appropriate because he's declared war on wasteful government spending. he's on a leash and power is checked by the president. trump says, and i'm quoting now, "elon can't do and won't do anything without our approval". trump knows elon musk is the only one with energy and commitment to pull off the radical transformation of government. of course, the democrats are app lek tick. senator -- apoplectic and the
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revolution has gone too far and too fast for a serious reversal. musk has expanded the power and authority of trump 47, like it or not. third hour of varney starts now. ♪ stuart: guy benson joining me this morning. what do you think, has he really overwhelmed the powers that be and what is put in place will stay? >> for the moment, they seem overwhelmed and the second part remains to be seen because it's not just donald trump the president that checks the power and congress would have some authority if they choose to do so and of course the courts will ajude indicate much of this -- accrude indicate much of this and rally and senator schumer
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and the rally and schumer was awkwardly trying to leave a chant of we will win. i want to know what winning looks like in his estimation. going back to this situation like we've seen for decades where unelected faceless bureaucrats just feed billions or even trillions of dollars, our dollars, into a meat grinder with no accountability. is that winning? is this an idea that none can be looked at and not a cent is wasteful, and it's completely wrong and scary to take a new approach to this and lay fresh eyes on it? i'm not sure that's an argument that they are going to win, pr wise with the american people. and substance, i'm not sure they should win it. stuart: democrats are melting down over musk's investigation into usaid. watch this bit. >> organizing, mobilizing, elon
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musk is a natzi baby. >> not one democrat in america voted for elon musk. >> not one. >> not one republican in america voted for elon musk. this is no longer business as usual. >> we are going to be on your [bleep] and we are going to make sure, we're going to make sure you understand what democracy looks like. stuart: hmm, you know, guy, trump hatred did not work and rebounded badly. i suspect the same thing might happen with mussing hatred. what say you? >> the gnat seizure disorders reference is disgusting. you can hear the cheering brewer cats in the background. i think a lot of them feel threatened in their positions. i want to focus on what senator warren said about how no one cast a vote for elon musk. that's true, she's absolutely right about that. let me turn that question back on her, what americans voted for
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the current or preexisting bureaucrats in those positions for decades wasting our money through usaid. not saying it's completely useless and should never send foreign aid anywhere. a lot is very good but a lot isn't. the people making those decisions for decades with absolutely no accountability they get shamed with report and a little news led line moving on doing whatever they felt like with our money, they weren't elected by anyone. seems like the shadow was being investigated and overturned by a different shadow government under the understands of someoe that works and they're not going to work to defend beurre i can't tells. stuart: it's a remarkable 16 days of the trump campaign. >> only 16. stuart: 16 years sometimes. guy, we're having too good a time. that's the truth.
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guy benson, thanks for joining us. see you soon. >> back to the markets and mixed picture and nasdaq down 70 and dow up about 27. charles payne with me this morning. i want to talk big tech in general terms. google is way down, alphabet and investigation going on. earnings not that great for big tech. have we reached aive toll point and going up -- a pivotal point and going up for a long, long time. are we on the way down? >> i don't think so. we're pausing obviously but i think what we're doing is look at them as individual companies but google's pain today is helping nvidia today. going to spend $75 billion, nvidia is getting a chunk and pulling them out of a nose dive. meta was up 1 days in a row -- 12 days in a row then tesla, which the numbers aren't that great but every time you hear elon musk speak, you get excited. they put all the earnings out
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and stock goes down for the most valuable company in the world in a few years, bottom line. you've got these different sort of pulling back and forth. that won't be the worst thing in the world. stuart: for the first time in a listening time, i'm thinking of pulling money out of the big tech stocks i earn. >> they're not all the same. they're certainly kind of going their own way for different varieties of reasons. stuart: tell me about palantir. for a long time, people have been saying this is the investment of a lifetime. it mass gone straight up and it's $100 a share. what do you make? >> i had my subscribers take profits yesterday. we traded twice in the last year made a ton of money both times and i love is it's one of these
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stocks wall street hates. more recently institutions have had to buy the stock. listen to ceo on conference call? stuart: kyleing right? >> i can't get him on the show. does liz a lot, i'm jealous, but he rips analysts like no other. his disdain in them for not believing in his and his company and those that own the stock is amazing. for instance yesterday when the numbers came out, on the profits, of all the profits, $77 million and 55 million came from interest. listen, they're getting big customers and i'll be a buyer and pullback under 90, under # 5, but it was -- 85, but it was a hell of a move and couldn't pass it up. i love the attitude, i love they're proving the experts wrong and i think the stock will be higher than it is now. again, consolidating the gains and pulling back a bit. stuart: that's a tech stock i own but not going to sell. approve? >> you're young enough to hold onto it.
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stuart: oh ... >> you are, you're a long term investor. stuart: appreciate you, charles. google removed guidelines for artificial intelligent policies. pledge stated that the company would not use ai to develop weapons or surveillance. madison, why are they doing this and changing their tune? madison: they're changing the tune because the landscape changed so google revised its ethical guidelines and they can use ai tech knowledge for weapons and for surveillance. in a blog post yesterday, google's head of ai said the company is updating the ai principles because there's a need for companies based in democracies to serve those countries and their national security needs. saying "we believe democracies should lead in ai development, guided by core values like
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freedom, equality and respect for human rights. reading between the lines, advance much like deepseek make democracies concerned that china will use ai for the military. this is a major reversal from 2018 when ceo stated clearly that google will not develop ai for weapon development or surveillance. no longer the case. that's in part because several of google's ai competitors have announced partnerships and openai partnered with weapons startup andril and meta using models for military purposes too. alphabet is down and company reported earnings yesterday and missed on revenue but as charles said, their loss is nvidia's gain and alphabet announcing they're going to invest billions more into ai efforts because it really is the point. stuart: $75 billion. madison: think about that
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number. $75 billion. that's a huge company. for me, that's huge but for google, it's still big but keep in mind how big the company is. stuart: madison, you're all right. coming up, california homeowners recovering from the fire face a new crisis and see their insurance rates go up over 20%. which company wants to hike prices. it comes as california governor newsom traveling to dc to ask trump for critical disaster aid. california guy, celebrity chef and restaurant owner andrew gruel here next on what he expects to hear from newsom and trump after the meeting. we'll be back. ♪ your clients look to you. you look to t. rowe price. (♪) because we stay agile... actively managing investments to uncover opportunities... and build etfs designed to outperform the index. (♪)
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stuart: california's governor
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michigan newsom meeting with president trump at the white house today. newsom is hoping to secure more disaster relief for the fire victims. celebrity chef and restaurant owner andrew gruel joining me now. andrew, you're a california guy. what would you like to see from this meeting? >> i'd like to see a little pushback on trump's part because newsom is the homeless guy on the corner asking for money and he'll spent on metaphorical drugs, which is just waste for him in california. strings attached to the money because it needs to go to the people who need it or the areas that need it. otherwise it'll get thrown into the slush fund and use it on pet projects. ironically, he might use the money that trump gives him to sue trump. that's the crazy thing about this. stuart: really? trump gives money to california and turns is around and sues trump? on what grounds do you sue trump? >> any ground. this is california. you've got to understand we're dealing in totally different reality here. governor newsom will try and sue
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trump perhaps for mcking him come to dc and fly on a plane. the problem over and over again in california is the money goes into a general fund and there's a super majority at the top, the democrats can do anything with the money. if you say i'm giving you this money to do a, b and c and guy on the corner analogy, i'm giving it to you for food, you know he turns around and buys meth with it. you know for a fact newsom will take that money and put it in a general fund and going towards one of the crazy pet projects where a lot of buddies are getting rich on nepotism. stuart: the bottom line seems to be that newsom is begging. he's got no choice and needs federal money and has to beg; right? >> you're right. in the reality show aspect, he's got to go ask mom and dad to raise his allowance and he's been trashing them for the past few month and doesn't look good for him and i'll be curious to see how had spends it after the meeting. stuart: california's tourism
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board urging tourists to visit los angeles and iconic si sitesd city is counting on tourism and lifeline for fire recovery much that's what they're saying. assess the general business climate in los angeles right now. what's it like? >> business climate is tough and nobody is visiting restaurants or attractions that were already open. got to understand though, there's nothing more for the tourists to see even before the fire. actually the last paston of tourism -- baston of tourism was malibu and la has been a shantytown for the fast 25 or 30 years and drive through west hollywood or los angeles and point out all the different homeless people defecating on the corner? i know that sounds crazy, but that's the reality of los angeles right now. so there's a lot more they've got to do to clean up tourism versus sending people in. i don't even know what they'd
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do. stuart: are they eating out? are the bars prosperous? >> restaurant business and bars have already been struggling for the past 5-10 years in los angeles because there's no control there. taxes are going up, wages are going umm and what happens you let people come in and destroy the city and those people don't have a good clean environment which to serve the food to the -- drinks, et cetera. people have been leaving los angeles and coming to orange county to open restaurants, you know, huntington beach and all those areas in which they actually prosecute crime. it's a real sad situation because los angeles -- and of course there's beverly hills and west la and posh areas where, yeah, there's nice restaurants but paying $50,000 a month for rent right there to cover the losses in the rest of the city. stuart: think there's going to be political change because of fires and aftermath? i ask this question all the time, could you see a republican winning a state-wide election in california? , any time in the near future? >> a republican winning, yeah,
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mainly because people need change right now. whether that's dis-'tilling down through all the -- distilling down through the brewer rock seizure disorders and they can pull -- bureaucracy and they can pull out a lot of unelected democrats and much like elon on the doge but on a grandeur level and the propaganda machine in california is ruled by the democrats. controlling the flow of information, the voters are getting only one piece of the story. they're starting to open their eyes by virtue of the fire but it's an uphill battle for anybody that wants to run. stuart: i live there had in the 1970s and it was great, now it's not. andrew gruel, thank you for joining us. madison: stuart, out in california covering the fires and i liked your question about the restaurants that are open, the sad thing because so many people are displaced, they're not going to restaurants. we were there for work and
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department have a kitchen so we had to go out to eat. you go out to eat celebrating or with friends. people are focused on surviving and even the restaurants that are okay, they're not seeing customers coming in because people are dealing with what's going on at home and they're sad. stuart: see how much money trump gives them. we'll see. thank you, madison. state farm has asked california for permission to hike insurance rates. madison, how much did they want to raise rates by? madison: yeah, problems just keep coming. they're looking to raise rates by as much as 22% for homeowners. so california's largest private insurancer, which is state farm, is urging the california department of insurance to approve this request. if they don't, they need state queens because it'll avert a dire situation. if approved, change goes into effect may 1. state farm says they have to increase rates to pay not only for these claims but also for future claims. the risk is if this is not
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approved, another insurer dropped from the policies or leave the state. these highlighted the dire situation california is in. insurance companies have either stopped writing new policies to reduce the risk or left all together. you don't want to see the same with state farm. but we have seen insurers like all state, nationwide and farmers stop new policies or completely leave. stuart: that's a tough one. thanks, madison. coming up, trump administration instructing state department leadership to get every u.s. aid employee out of their respective countries. this is worldwide. they've got to be out by friday. that's 60 countries. they've all got to come back home. how about that? new dnc chair ken trying to reenergize democrats. watch. >> we're not dead as a party and still alive and kicking and fighting for values and fighting for american values. stuart: you heard it there. the democrats are not dead. we'll see what tomi lahren has to aabout that. say about that. she's next.
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stuart: not much price change and nasdaq down 91 points mostly because of technology, that's selling off a bit today. ashley has the movers. please start with the toy people, mattel. ashley: yes, surging today after reporting upbeat earnings and that's going up nearly 15% and hinting or stabilizing of toy demand and the company said it'll raise prices on products to soften the blow of potential trump tariffs and going to seem again and then capri and own versus frequency versaci and other high end brands. it's down more than 12% on capri, sniff sniff, stu. stuart: i like the sniff sniff.
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got to. thanks, ash. now this, a federal judge blocked trump administration from moving transgender prisoners into men's facilities. tomi lahren with us now. trump wanted transgender inmates sent to men's prisons. are you in favor? >> i think the prisons should be based on biological gender and i don't understand why it's a controversy or discussion or argument. women deserve own spaces and locker ro rooms and restrooms ad prisons and their own sports. 70% of americans believe in women sports, and i would beg to assume that a lot of americans also believe that women should have their own prisons. it's a safety issue, a security issue. why anybody would stand in this way is beyond me, stuart. stuart: trump is going to sign an executive order to keep men out of women sports. do you approve of that?
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i ask because don't you have to define who's a man and who's a woman and only way to do that is by chromosomes; is that what you want? >> stuart, we've had title nine for 50 years a and we weren't doing chromosome tests to make sure women had their own sports and own spaces and if you were born a male, compete against males and vice versa and some that want to get in the weeds of this, believe there's going to be checks in underware and chrome some -- underwear and chromosome tests and we need to go back to sanity and common sense. we were doing it prior to five years ago. it was the standard. stuart: is trump denying the existence of trans people? >> i don't think so at all. also, i think that donald trump believes in lgbtq, their rights, he believes that they should have equality.
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however, that should not trump, no pun intended, women sports and women's safety and women's spaces. socit's not about anything agait trans people. live your life, have your rights, enjoy whatever you want to enjoy. we prefer you keep it away from children. that's a separate issue, but this has nothing to do with it. it means women need their own sports and spaces and why should the feelings and priorities of trans people come before women in sport asks spaces. that's the simple argument here, stuart. many are trying to make it into something it's not. that's just the baseline here. i think it's common sense and 70% of americans agree with that. stuart: i want you to listen to what the new dnc chair, ken martin, said about the state of the democrat party. listen to this. >> we're not dead as a morety and we're alive and kicking and fighting for our values and american values. we're on the side of hard working men and women that want the country to not forget about them and make sure we are center
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in their lives and focusing again on making the american dream real for all americans. stuart: i don't think that guy, ken martin, i don't think he's got much recognition factor, has he? >> no, i don't think so. i think the democrats are a leaderless party right now and this is my concern, i believe the democrats will find their footing, and i think once donald trump fixes the economy and fixes immigration and border security, in a couple of year's time, there's going to be a lot of luxury woke issues that will make a comeback simply because people can afford things again, and we have national sovereignty and security. i believe the democrats will mount a comeback. i don't know who their leader is going to be. i think gavin newsom ruined his chances. there's many vying for the spot, but i caution republicans, i understand that we just won a fantastic election but we won the opportunity to win for the american people. we have to continue to win for the american people. democrats are not stupid, they
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will make a comeback. we have to be ready for that comeback. stuart: tomi, we'll be watching you and your guests on "100 days with tomi lahren" for a fresh take of trump's first 100 days in office. watch every day oturu 3:00 p.m. eastern and available now on fox nation. now this, all overseas missions for u.s. aid have been ordered to shut down completely by friday. madison, how many countries are affected and what happens to the employee s? madison: yeah, talking about 60 countries. usaid has impact in 60 countries and they have more than 10 10:employees. nearly all -- 10,000 employees and all staff placed on leave by friday night and all overseas missions have been ordered to shut down. agency is developing a plan with state department to arrange and pay for return travel for those usaid personnel outside of the u.s.. the goal is to get them back within the next 30 days. which is both a little time but
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not much time at all. the agency is considering case by case exceptions for return travel if there's issues with family hardships and things of that nature. see some extension there is and also in the u.s., multiple dc-based usaid workers have an e-mail placing them on leave that told them be available via e-mail but don't into a usaid building. you're on leave. stuart: madison, thank you. coming up, super bowl count down begins, president trump hinting at which team he thinks will win. >> i don't want to sea but there's a certain quarterback that seems to be a good winner. stuart: trump will be the first sitting president to attend the super bowl game. pro diversity slogans at stadiums and now for the first time since 2020, the end zone slogan will not read end racism.
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stuart: coming up, the big money show is now two hours by the way. starts at 12, noon. cohost brian brenberg is here with a look at what's coming up on the big money show. what do you got? >> yeah, stu, coming up on the big money show, trump making it clear he's in now hurry to play nice with china and investors worry about chai niece late -- china's latest target, tech companies. we have that discussion here at 12:00 p.m., stu, and much, much more. stuart: thank you. on sunday, president trump set to become the first sitting president to attend the super bowl. matt finn in new orleans.
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how is new orleans pryor pairing for something like this? reporter: ahead of the game, energy and excitement is picking up here in the french quarter, stu. it was just a couple weeks ago isis-inspired terror attack here that killed 14 people. security really is top of mind and that's only being heightened with the president coming here. there's now roadblocks all across the french quarter and more are going up today we're told. we talked with the superintendent of the louisiana state police on the ground here. he tells fox he's confident about safety for the super bowl and points to the partnership between state, local and federal agencies and assures uses this will be the safest security bowl on record. now, the cesar's super dome not far from the mississippi river and fox went along with the u.s. coast guard, which says it's creating a secure zone for the super bowl and managing ship traffic. the coast guard captain said they're ready for the super bowl that will now include the
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president. >> the president's trip doesn't change anything for the coast guard. we have mobilized enough assets to provide adequate security and adjust as need be so we are fully ready for -- to assist homeland security's efforts here along the water front and to provide additional resources as they become necessary. reporter: and, stu, the security is intensifying here, getting increasingly difficult to drive around in a car. just a short while ago before the live report, we saw armed troops turning the corner here, patrolling by foot. security at the forefront of many people's minds here, but at the same time as you can see, people are in new orleans and they're also going to take it easy. back to you. stuart: armed troops patrolling on foot, that sends a message. matt finn, thank you very much indeed. we get the message. the price of tickets for the game falling. they're down -- i think by
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thousands of dollars compared to last year. madison, why are fans not paying up this year? madison: might be because no one wants to sit next to eagle fans because they're the absolute worst. stuart: geez. madison: sorry. i was going to say, philly just tuned out so i'm sorry, stu. all seriousness, let's figure out why this is happening. it could be actually because of the destination. so last year's super bowl, that was hosted in vegas, and if you're going to dull out thousands of dollars to see the game and party, vegas could be a little more fun than new orleans. there's nor seats so greater supply same demand lower prices. new orleans super dome 74,000 feets compared to vegas' 65,000. as matt was talking about, new orleans is still dealing with the fallout and all of the aftermath of that horrific terrorist attack that killed 14 people and injured so many more. there's a lot to deal with. if you think, hey, i'm going to get a deal.
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get a cheap ticket. no, they're still not cheap. the cheapest seats selling for just around $3,000. we have all of the resell markets up there for you. not getting anything under 2.9 but it is a deal. cheapest last year were $9,000. stuart: that was vegas but oh my. this is one for you, nfl reporting to replace the end racism message in the end zone. what are they replacing it with? madison: choose love and the other one it takes all of us. this will be the first super bowl since 2021 where end racism is not in the end zone. the switch was relayed to high level employees earlier this week, and some are saying it's related to the current political climate. trump is expected to attend the super bowl this send. but nfl spokesperson, brian mccarthy, he said the decision was based on recent tragedies and i hate to name them but
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terrorist tack in new orleans, deadly fires in la and fatal air crash in dc all pushing the message of choosing love. it's not a full 180 and nfl commissioner roger goodell saying diversity efforts are here to stay and makes the nfl better and let's be clear, this change doesn't mean the nfl is no longer interested in ending racism. they're just choosing a different message. stuart: leave it right there. madison, thank you. coming up, here's what defense secretary pete hegseth going to do with dangerous ill lee migrants -- illegal migrants. >> folks like tren de aragua are going to go. if you're a violent gang banger and taken out of the country and waiting to go to your country, you're in a cell box built for al-qaida. stuart: first flight for illegal migrants deemed high threat landlanded in guantanamo bay. details on that coming up next. ...to free birds. ♪ vanguard. we got this. fifty years of helping you invest for every chapter.
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the way i approach work post fatherhood, has really trying to understand the generation
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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. in the average household, there are dozens of connected devices. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. stuart: look at this, first military flight of criminal illegal migrants has arrived at getti mo. they'll be housed there before being deported back to home country. jennifer griffin at the pentagon. what is defense secretary hegseth saying about the flights in >> let me catch you up on some of the phacos overnight, stuart, because a lot has happened. a u.s. military c-17 with 100
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indian migrants on board landed in india overnight. it's the longest most expensive deportation flight so far. last year the u.s. government deported about 1,000 indian nationals using commercial flights, which are much cheaper. the first u.s. military flight with 10 migrants from the u.s. left ft. bliss, texas, yesterday afternoon and arrived last night at naval station in guantanamo bay. those migrants housed in isolated section of secured detention facility used for mill tar combatants since 9/116-78-9300 marines sent ther. 300 marines sent there to build latrines and showers in a accept part that could house up to 300. they have tents for 1,000 people now. defense secretary hegseth visiting the southern border pointed out how the naval station was used as a weigh station for thousands of haitian and cuban migrants in the 1990s. >> we're going to put tren de
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aragua before you send them all the way back? how about a maximum security prison at guantanamo bays where we have the space. >> we have a migrant processing center there for decades. we've held people there before and we'll hold them again but this time holding worse of the worst. >> clinton administration had tens of thousands at guantanamo bay and used many times over. >> that was before 9/11 and a supreme court decision that gave anyone sent to gitmo the right to maybe yous corpus and that's called lock down and they can challenge the legality of detention and it's been a factor that slowed for years the government's cases and ability to complete the prosecution of shake mohammad and the over 9/11 manners and it's not clear whether sending migrants to guantanamo bay is legal and
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whether the other migrants will have a right to a lawyer and the same legal rights they would have in the u.s.. all of this could begin a long legal process that could prevent the u.s. government from then deporting them to their final destinations. stuart: that toweled change things. that could change things. thank you, jennifer. bring in chris olivaras. full control of the southern border is mission accomplishment. that's his words. is america in full control of the border in your opinion? >> well, stuart, you know, we have numbers a lot lower than what they were before from the prior administration. i can tell you for a fact in the last couple days, illegal border crossings from the port of entry below 500, and we've not experience that had in years. in order to gain full operational control, we have to get the number down to zero where there's no illegal border crossings and stopping the flow of ill i illegal drugs like fenl
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and crossing the border and saying 100% mission accomplished. stuart: lieutenant, mexican border city rocked by gunfire earlier this week after the arrest of alleged cartel member, locally. it forced a nearby airport to suspend fli flights and u.s. coo la tech issued a shelter in place. was it the mexican military involved in the shootout or shootout between cartel members? >> so this happened in mexico with rival cartels and cartels against the mexican military. this is daily on the border but seeing these types of fighting as far as with guns and explosives and more so now with the cartels having increasing and escalating their threats and using drones to dump explosives on rival cartel members or even the military, even explosives laid on the ground as far as ieds. they're starting to escalate their threat level. that's why we have to remain
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more vigilant working on the border. this particular personnel was arrested is a regional commander for one of the cartels that was involved in last week's shooting against the border patrol in stark county, texas. this is a very violent cartel as well and control most of the area as far as human smuggling and drug smuggling, and these are types of threat we see along the border talking about the cartel and so important now having a secretary of defense to actually take the fight to the cartels and using the full authority of federal government going after the cartels. stuart: getting on top of this? >> what's that sir? stuart: are we getting on top of the cartel problem? mexico? >> oh, we are. we are. we are, stuart, i can tell you for a fact that texas even now with the federal government take ago more stronger approach with the cartels, designating them as foreign organizations, we have to go after the core of the organizations and take away the profits, go after the lawyers, accountants and bankers and everyone involved that's facilitating the money to give the cartels power.
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the federal government has the power to do that. stuart: going after the money. lieutenant, thanks for joining us today. always appreciate it. see you soon. >> thanks, stuart. stuart: new york city mayor, eric adams, begging the state, new york state, for more money to combat the migrant crisis. ashley, how much is he asking for? ashley: he wants another $1.1 billion right now he says to deal with the migrant crisis or the new york mayor says the program will face a massive shortfall within 12 weeks. the request comes even though adams has been boasting about his administration's savings and steps towards reducing the number of migrants in the city's care. the mayor says the city has spent more than $6.9 billion providing for the migrants, but so far lawmakers in albany and governor hochul, they're just pushing back. adams made the request by the way during what is called tin cup day. you know they rattle the can -- tin dupp when politicians across new york just rattle those cups
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in the state capitol hoping to get some funds. so far adams is rattling is falling on deaf ears apparently. stu. stuart: ashley, thank you. it's the wednesday trivia question. listen up, everyone. this is a really good one. in a deck of cards, which king is the only one without a mustache? heart, clubs, spades, diamonds? the answer when we come back. ♪ investment opportunities are everywhere you turn. but at t. rowe price, we're letting curiosity light the way. asking smart questions about opportunities like advances in healthcare. and how these innovations will create a healthier world tomorrow. ..
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at home or in-person. that's guidance from chase. stuart: this was a very good question. in a deck of cards, which king is the only one without a mustache? a reporter that knows the answer to this but is not sure. lauren: bring the camera in closer. ashley: good question. i think it is hearts and diamonds because i think the black suits would have mustaches. stuart: a lot of viewers are shuffling through a deck of cards to figure it out. madison: i will go with spades. i wanted to to do diamonds but don't want to copy ashley.
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stuart: diamonds are red so there is no mistake. i'm going with hearts. the answer is, gentlemen, in the early days of card printing designs were carved into wood blocks, the details of his facial hair war away during the reproduction process leaving him the hearts guy, without a mustache on most modern playing cards. treasury secretary besson will be on larry kudlow on this network. time is up for me. in "the big money show" is now. taylor: beijing is heading back, the president is in no rush to talk to xi about tariffs. >> what action is the retaliatory tariffs? >> that's fine, we are going to do well against china and everybody else

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