tv Varney Company FOX Business February 24, 2025 11:00am-12:00pm EST
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>> spending a lot of money on technology and going for them and great gdp going for inflation and bad and telling you the inflation dragon has non-been slayed and going for them and going for prices back down. >> i lover the fact the president is taking bold action and a deal for ukraine will have to give them some security guarantees moving at the same time. we've got to stop spending our $30 or $40 billion a year. >> these first 30 days, stu, dizzying, blitz craig and chaos and daunting task trying to cover the second term. we have a saying in this office, you buy the best and ignore the rest and palantir is clearfully that group. >> we're going to be very, very profitable. ♪ ♪
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stuart: a hard day's night by the beatles. playing an awful lot of rolling stones and beatles. there is new york city, sixth avenue. not that busy again. 11:00 eastern time and monday, february 24th and split decision and tow up 25 points and nasdaq down about 1% selling there. big tech show it to me, please. i'll bet their mostly lower and they are. apple up $1.67 and microsoft, amazon, alphabet and nvidia are down. yield on 10 year treasury interesting and well below 4.5% and dropped below 440. that might be helping the market, some parts a little and at 439 on the ten year right now. now this. the shocking election in germany isn't so shocking when you consider the main issue involved. that would be immigration. just like in america. the sudden arrival of millions
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of people upsets the pop laying. sure, inflation held back standard of living and rising prices really had impact. it was a factor. but migrants by the million worked on voter's psyche. in germany, it was particular divisive since so many came from very different cultures. all happened so quickly. in 20 a 15, angela mirkle opened the country to middle eastern and south african migrants and they marched to bang on germany's door. chancellor merkle let them in. it's not popular. 20% of german population is foreign-born. before she let the migrants in, it was just 12%. graham wood writing in the atlantic: 40% of all the crimes in germany are committed by foreigners and series of publicized terror attacks and pro hamas demonstrations in germany brought back embarrassing and unnerving
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reminders of anti-semitism. the mideast policy has been compromised by their domestic population. the current leader, schultz, crushed in yesterday's election and anti-immigration party performed better than ever before. there's an obvious parallel with america. 8 million illegal migrants arrived here during the biden years. assimilation is easy here than in germany because we are a nation of immigrants. but the hundreds of billions in cost did not go well. migrants roaming the streets and living this hotels was shocking and imported gang violence. in the face of that, biden and harris did nothing, voters threw them out. same in germany. sudden mass immigration rejected and the left is taking the hit in both countries because it was the left which opened boarders. the repercussions are profound. conservatives are taking power, left is in retreat, nobody
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anywhere really publicly supports open boarders. it has become toxic policy and world over. third hour of varney starts now. ♪ ♪ stuart: jason chaffetz joining me this morning to check things out. on the issue of illegal immigration, the left has no answer at all, do they? >> no, they try to conflate the issue and don't talk about the difference between legal immigration and illegal immigration. they just call them migrants, and that's unfair because there are people that come for instance to the united states legally and lawfully. if you take everybody in the world, combine them them, we as a nation take more into the country than everybody else combined. but they do it legally and lawfully and come into the front door and those are the people forgotten and people that are
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not taken care of. we come here because of the rule of law and played itself out in the election and i'm glad to see the reverberation as you point-blank layupsed out in germany and i think they're paying the price in england and other places around the world that had open border policies and they're not helpful, crime rises and entity do know how to deal with people jobs and produce more for their country. stuart: james carville said the trump admin vagues is in the midst of a collapse and hakeem jeffries said the administration is losing. watch this. with >> donald trump is a chaos agent that promised to lower cost, lower the high cost of living in the united states of america, and he's doing the exact opposite. he's unleashing chaos on the american people. the trump administration is
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losing. >> democrats need to play opossum. this whole thing is collapsing. i believe this administration in less than 30 days in the midst of massive collapse in particular a collapse in public opinion. stuart: jason, a collapse in public opinion? i don't see it yet. i guess the democrat strategy is like a waiting game. let them do as they please and wait for them to mess up, is that it? >> james carville has been wrong on most things since hay day with bill clinton and i don't know why people listen to him anymore because he's been so fundamentally wrong. he told us kamala harris is for sure going to win. that went real well, didn't it, james. look, democrat haves a fundamental problem and no good spokes american or leader of their party and no compelling message. that's the problem. they don't have a poll assaying
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it's chaos and going to create two-thirds of americans said we're off track and donald trump said we're going to get back on track and democrats call it chaos and most of americans say finally somebody is doing something about it. stuart: yes, finally. after four years. jason, thanks for joining us. always appreciate it. see you again real soon. this $500 billion investment in mark in the next four years, half a trillion. i thought that would make a difference to the tech stocks and apple is up $1. >> it's a tremendous vote of confidence not only for half a trillion dollars of investment,
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any appointment two 20 jobs created and it's a vote of confidence not only in the u.s. economy but also the whole ai complex so clearly the smartest people in the room. the whole tech cohort are all in and counsel my clients and if they're all in, you should have some skin in the game and not all in ourselves on investors and clearly they see that writing on the wall. stuart: apple seems to say we're going to spend hundreds of billions of dollars on ai. do we have to spend hundreds of billions of dollars on ai when deepseek in china apparently does things cheaper? >> they're not spending those hundreds of billions because it's an arm's race versus china. they're doing it because it's going to be immensely profitable and already is and translating to their bottom line and the bottom line of all those that
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are lev i can't imagining. ing it. stuart: -- leveraging it. stuart: we're in for a manageable correction coming soon; reich? >> i think so. i mean, look, on average we have 10% draw downs every year so we'd hardly be a surprise so we're in this reality versus perception pair dime. the perception is that tariffs will cause all this inflation and scott bessent said this is a negotiation and those were his words and secondly with respect to the job losses speaking of ai. ai is going to replace a lot of jobs. some displaced government workers may have to roll up their sleeves and get hands dirty and fill i have san seizure disorderses.
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paradigm thank you, jason. ashley, tell me what's going on with pdd, it's 9% down. ashley: yeah, that's the parent company of temu. bloomburg reporting that president trump is looking to eliminate a tariff loophole that exacts packages worth less than $800. facing more competition from amazon and tiktok shop and temu winning over more customers and sellers but for how long? we'll see. stock down 9%. next up is jeffries said the company is up 50% above where it's trading and the analysts reducing its price target from 155 to $150.
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right now it's at 105. stu, back to you. stuart: caroline leavitt facing an triple-demic trump guys in the reading room. finding out the truths and the facts and they're. co-ing in the room with a preconceived narrative and bias. stuart: how she's holding the mainstream media accountable and she is. president trump went over maine's governor after refusing to impose the transgender@ let rule. >> you better comply or you're not getting any federal funding. >> see you in court. >> over state -- good, aisle see you in court. stuart: there's a fight for you. kennedy, i believe, is fired up about this. kennedy is in the studio and about to work towards me, if i'm lucky. she is next. that's quite a walk you've got there. >> thank you, stu.
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thank you. stuart: it's a glide. >> i try. stuart: well done. ♪ there are many ways to do things. at old dominion freight line, we do them this way. this way has people who start early. people who care and inspire each other to do things the way they should be done. this way uses technology (♪) and goes the extra mile (♪) to deliver your promises on-time, every time. this way is why we're the number one national ltl carrier for quality. for us, this way is the right way which is why it's the only way we go.
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stuart: the trump administration launched a title 9 investigation into the state of maine after they refused to comply with the transgender order. madison: he's going to wealth hold federal funding and made that very clear. if they don't comply, that'll be what happens and in trump fashion, the president directly called out maine's governor. if you missed it, here it is. >> is maine here, the governor
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of maine? >> i'm here. >> are you not going to comply with that? >> i'll comply with state and federal laws. >> well we are the federal law. your population doesn't want men playing in women sports so you better comply otherwise you're not getting any federal funding. synergy home see you in court. -- >> see you in court. >> every state -- good, i'll see you in court. madison: that was on friday and governor mills released a statement about the threat saying "the state of maine will not be intimidated by the president's threats". but the president said they're not threats they're prosperities made to the american voters who elected him. >> they loved men playing in women sports, open boarders, little things like that. they don't think it's a great thing what they're doing. you saw maine yesterday; right, the governor of maine? [ boog and cheering ] >> she's fighting to keep men in women sports. ever see what happens to a woman
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when a woman boxes a man who transitioned to womanhood? let them all do that fight. madison: so the department of education is also in on the fight. they sent a letter to a maine election official about an investigation into allegations that they continue to allow males to compete in women sports and at this point, it looks like there's at least one school where that's the case, but the investigation has been opened. stuart: sharp end stuff. bring in kennedy, host of kennedy saves the world podcast joining us now. >> hello. stuart: governor mills just ignore president trump? >> sure. i'm fine with that. you know, it's like we are a republic. if maine wants to go it alone, absolutely. be a self-supporting stated. if you have the industry and know how and hard workers then you should be just fine. stuart: well, does the president have the right to take federal funds away from maine because they defy his order? >> if they are in direct violation of federal law, i believe that he can.
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stuart: is the rule of federal law or just part of title nine? i don't know the difference. >> okay, so title 9 was enacted in order to protect women in sports because, you know, they were only at the time giving a lot of money to men sports and colleges because that's where the viewership was, and there was a lot of women like we're really good athletes, this is unfair. there's no equal number of programs for us. that's what title nine was penalty to do. it really helped fund things like the wnba and the u.s. women's national soccer team, which has been the best in the world and people argue because of title nine. young women and their talents have been protected and they have flourished under that. so if there's no longer a gender dividing line, then all sports will be male. people want to see teams win and more guys on your team, men are bigger, faster, stronger than
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women biologically, physiologically than women and if you're going to be a feminist and protect women's sports, you have to do that. we've developed this gray area for a very narrow number of athletes, but it is really taken the entire concept and conversation hostage. you know, i don't think it makes you a bigot. i don't think it makes you antigay or even anti-trans to say that young womens lane in sports should be protected. i guarantee you all the girl moms and dads in maine, even if they're too scared to say it because of political bash lash from their neighbors, they agree with me. stuart: i think you're right. democrat senator cory booker was asked point-blank if democrats talking points are contraindication for cerumen removal l effective. watch this. effective, watch this. >> democrats lost an election largely with the closing arguments of accusing trump of being a threat to the democracy. is that the most effective messages right now? >> i think the most effective messages is talking about the
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crisis happening to american. >> not constitutional crisis? >> no, but what's happening to americans. everywhere in america red states to blue states we're seeing real crises that elon musk was a billionaire and never has to think about where his next meal is coming from, where his medical treatment and how that'll be paid for, americans are feeling a crisis right now, and they're feeling pain. stuart: kennedy, he's saying that this threat to democracy strategy is a loser. >> yes. stuart: go for it. >> it was and it is because they didn't have ideas. they were really only running on trump is a fascist and trump is hitler and that's why they lost the senate and republicans have both houses of congress and presidency and a lot of governorships and they ran on ideas and you may disagree and what i would challenge cory booker and his democrat mouthpiece by proxy is come up with ideas and things for these
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independent voters and there's no guarantee that those that vote for trump are going to continue voting for republicans and they're voting for their families and freedom and their own bottom line. if democrats feel like they have a better path forward for americans to flourish, lay that out there. they've not been able to do that since the election and only can demonize trump and that didn't work. demonize musk and going to the polls and that's not working. talk about the waste and government and democrats can do that and weed it out and programs that are left truly serve the people who are hurting in this country who voted against them. stuart: that sounds like a strategy. kennedy, thank you very much indeed. sue owe again real soon. now this, white house press secretary karoline leavitt claims the mainstream media is bringing a narrative against president trump to the briefing room. madison, how is she dealing with this from the podium? madison: yeah, she's one strong woman because she said she looks
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forward to facing bias and hostility because it means she has the opportunity to correct them. >> they've been behinded by this bias, anti-trump bias and it's sad because rather than dealing with people who are truly interested in journalistic integrity and finding out the truths and the facts, they're coming into the room with a preconceived narrative and bias. the president speaks the truth and speaks his mind directly. it's my job to prepare and figure out what the truth is versus what the fake news narratives are and bring that to the podium. madison: it's been behinded by the anti-trump bias and the white house also made changes and changed policy around who's allowed into the press briefings and new media outlets welcomed in including content creators and podcasters and they're really helping the president win his election. stuart: all change. madison, thank you. coming up, under the biden
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administration, the government allowed borrows to take out bigger mortgages than they can afford and that's create ago housing bubble. wall street journal alicia finley has the story. alicia is in the studio walking toward the set and she's next. ♪ tamra, izzy and emma... no one puts more love into logistics than these three. you need them. they need a retirement plan. work with principal so we can help you with a plan that's right for your team. let our expertise round out yours. only the servicenow platform puts ai agents to work across your company. they deal with the small stuff that bogs you down. agents like secret agents? you know... i once played a secret agent.
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join the official bank of the nba. sofi. get your money right. stuart: the dow has been all other the place this morning. ashley, explain why uber is down so much. what do you got? ashley: well, the stock in reverse to use your word of de-shrining for the robe bo taxi program and tesla opting to develop its own autonomous vehicle project going alone and so you have uber down 2.5% and tests off just 1%. also take a look at live nation. lifting to $175 up from 149 while reaffirming a buy rating
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on the stock and lifting live nation's price target to 166 up from 15 and up 5% at 156. not too saboteury. stu. stuart: ash, coastal communities getting hard when it comes to home insurance. got it. why could things get better for florida but worse for california? stuart: already getting better in florida and tale of two state withs different philosophies like their governors. in florida, thanks to taught reform that's reduced number of bogus claims, 40% of insurance companies are proposing a rate cut. citizen's insurance and state no, your honors of last result cutting rates for rate performance and that's not all. >> you have 11 new companies entering the market in the state of florida over the last two
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years. >> california that's not happening and other states and companies are leaving and never having a stable market if people don't to want come and do business here. >> ashley: taxpayers true and results kept rates artificially low and losses high. >> average underwriting result on average over a decade and insurancers paying out $120 in claims and expenses versus a doll lori harmon of premiums. >> the fair plan states running insurer and teeters on the edge of bankruptcy seizure disorders and imposed a billion surcharge and their policyholders
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>> they're a lot sunnier and in fact after seeing rates skyrocket by 23% in 2023, the projection for this year flat and lowest rate in the country. it costs $4,000 more a year in florida to insure a $300,000 home than in california and the lesson here is at least there's insurance available in florida. stu. stuart: that's the story, thanks, ash. a headline in wall street journal. mortgage relief is fueling higher housing prices and created another subprime housing bubble and put taxpayers at risk and trump should end it. allysia finley wrote that and she joins us now in new york. you lay the blame for higher home prices on biden, explain. >> right. well this goes back to the obama administration when they eased
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under writing the people over the threshold and inflation mass increased property taxes, insurance prices and everything else, people are struggling now to make payments. what biden administration has done is no, you can't get foreclosed on and happened in the last housing crisis and we're making payments for you and cut monthly principal and interest payments by 25%. and basically pushing up demand and restricting supply and even with the higher interest rates and you're continuing to see that home prices rise by 4 or 5%
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a year. stuart: interesting. department of housing and urban development expected to be cut in half. some staffers going to worsen the housing crisis. what does allysia finley say? >> make s it more affordable and it implements rules and essentially trying to social if you want government money to build affordable housing and you must build it in these places and make sure it's racially balanced between them saying in you don't make enough loads to black people and you're made all the policies increasing the risk and implemented a subsidy driven
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up home prices and if you just deregulate the market and other things you need to do to boost supply. then you'd see housing prices come down a little bit. stuart: you're not big fan of government. don't have to answer. thank you for joining us. appreciate it. coming up, pope francis is spending his tenth day in the hospital being treated for double pneumonia, a complex inflex, and kidney problems too. the full report from rome after this. ♪
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plus, what would you say you do here? elon musk asking for federal workers to make share case in their back going for james freeman going to react to that and much more. stuart: the prop francis remains going for chief religion and going for us. what more do we know about the pope's condition now, lauren? reporter: stuart, you said critical means he's not out of the woods yet and blood values is improving and receiving transfusions and there are early signs that his -- his kidneys are insufficient and according to the vatican statement, the prognosis is guarded. here and in rome and around the world, prayers are being offered up for the 88-year-old bishop of rome including native land argentina and philippines in
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kenya. >> i hope he survives and he has good doctors and, yes, we read the newspapers and here going for them and it's about him and interest for him. reporter: doctors aggressively treat for double pneumonia and touch and go because of age, fragility and preexisting lung disease and the main threat is sepsis, a serious infection of the blood that can occur as complication of pneumonia. back in the united states, arch bishop timothy dolan prayed for the pope saying it is a grave time as the holy father's health is fragile and he's nearing the end. the poem has been thanked for
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all the love and support around the world and said on x, thank you for the closeness and love and support i've received from all over the world and tonight a rosary vigil at st. peters square for the health of pope francis. stu, back to you. stuart: lauren, thank you very much indeed. here with me now here in new york is the pastor of st. joseph church in new york city, father gerald murray. father, welcome to the program. good to have you with us today. >> thank you, stuart. stuart: i've got to express a opinion. two major issues which a new pope would have to deal with. my opinion again, the blessing of same sex couples and a married priesthood. where do the majority of american catholics stand on those issues? >> they don't support those ideas and more support for a married priesthood than blessing same sex couples but you've actively identified one of the key factors considered by the cardinals. do they want to continue with pope francis' liberalization?
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he's the one that introduced blessing same sex couples and giving holy communion to divorced and remarried people and the pope said no to a married clergy and that's not going to be determined but do we want to go on a more prop francis liberalized style and pope benedict and john paul ii defending tradition and answering modern questions and doubts but saying the tradition of the faith needs to be defended. stuart: would i be right in saying the church in america and europe tends to be on the more liberal side whereas the church in africa, asia, latin america, more conservative? >> the church in europe, you're right, absolutely. americans more on the side of the africans i would say and hierarchy here was largely appointed by pope john paul ii and benedict, and they are more traditional and more affirmative. now, there are elements here in the united states for them cardinals in that debate and
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shocked columbia onized and going for them and all that stuff we talked about canoga thole schism and going for them and one of the greatest defenders of cath rick doctrine and perfect -- catholic doctrine. stuart: when a new pope is selected in conclave, which side do you think that will go on; conservative or more liberal? >> i'm hoping it's more conservative because i believe the doctrine of the faith needs defended but conservative not in a political since but in a doctrinal sense and taking care of the creed and promote economic development in the third worship god. this is going to be the fight because pope francis was a break from his predecessors. he said when he came in, let's make a mess. that was sort of his logo meaning let's cake things up. he certainly has. we've talked about some issues
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and said things about all religions lead to god, which seem as be a contradiction when jesus said i'm the way, the truth and the life. this is where a conclave reveals which way the college is leaning. stuart: some turmoil in con clayed and that usually s. >> what's life without turmoil even in religion. stuart: father, thank you for being with us. come back soon. >> yes, sir. stuart: now this, a number of nones in america's catholic schools are dwindling. how much have they dropped? i madison: a lot. high dinkle to low double and 2.5% of the faculty members in catholic schools are clergy members and nones are just 1.5% of the faculty. you look back to 1920s and 92% of catholic schoolteachers schos religious and father and i were discussing from the 60s it went
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down. fewer women are making vow to become nones in part because there are other options for women that are related to the church and also there are many more career opportunities for women. outside of the church. this is especially true in the u.s. and going to catholic schools in new york. many nones from other countries and it is becoming less and less common to become a none in the u.s.. i do know one known and she's from spain. stuart: glad to know one. madison: yeah. he knows many much, i'm sure. stuart: thank you very much indeed. show me the dow 306789 getting back on the money side of the program. a lot more green than red and dow is up 172 points. drug enforcement administration and giving fox exclusive look at fight against the cartels and fete nil, watch.
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>> 1.2 million pills seized on that one case alone, i see lives saved. stuart: more from that exclusive interview coming up for you. stuart: california dream turning into a nightmare and launching theming for governor of california and he joins us next. it's odd how in an instant things can transform. slipping out of balance into freefall. (the stock market is now down 23%). this is happening people. where there are so few certainties... (laughing) look around you. you deserve to know. as we navigate a future unknown. i'm glad i found stability amidst it all. gold. standing the test of time.
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stuart: the trump administration is ramping up efforts to take down the cartels. brooke taylor joining us this morning. you spoke exclusively to the head of drug enforcement administration in dallas. okay, what is he saying about the cartels? reporter: well, stuart, he's saying that once these drugs get across the border they're trafficked further into the united states as we know but really impacting people and communities like here in dallas. the head of the dea dallas division says that fentanyl just continues to poison our communities. we sat down with special agent? charge eduardo chavez telling us that fentanyl is the deadliest illicit drug in the dallas area and according to the dea in 2024, more than 367 million
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fentanyl pills seized nationwide here in the dallas field division, they seized about 40 million deadly doses. >> for parents, those in their 30s and 40s and 50s and raising children, this is not the same drugs that we remember growing up when we heard all of the campaigns about it. the game has changed and it's become ever more deadly reporter: one of the most high profile cases in a series of deaths among teen teenagers in e careton branch school district in 2022 and 2023 and victims between 14 and 17 years old. for nearly two years, authorities track social media and text messages and eventually able to link the deadly pills to a lab in sinaloa mexico. >> drug cartels operate like a
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multinational business with an illicit product. they have distribution cells. they have transport specialists and that's their own job getting from point a to point b. reporter: those pills coming from sinaloa, mexico, they seized about 1.2 of those pills here in dallas so you think of that number and just could only imagine how many lives were saved in just the single investigation, stuart. stuart: brooke taylor, thank you very much. bringing in the river side county sheriff in 2026. sheriff bianco, you prosperitied to sanction laws in 2024, is that for top priority? >> that's one of the issues in california that's at the forefront and causing major issue that we have with the open
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border or failure of government and the prohibition of law enforcement cooperating with our federal government to deport criminal felons that are wandering around our neighborhoods and we one time had in jail and forced to release and this bill was very ill designed and it was -- it has done nothing for public safety and nothing for immigrant communities and only thing this bill does is protect criminals. >> h stuart: how do you expect o win the race in california when you say end sanctuary laws when 40% of the state's population is hispanic? >> well, probably 35% of that population wants it. we hear on the news and hear from the state government is not the reality in california. californians are absolutely tired and fed up from the dishonesty and mistruths and political agenda that we have in sacramento and they are starving for someone to tell them the
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truth. they're starving for public safety and starving for a government that does not contribute to the bad things in california rather than lifting californians up. they're looking for me a 32 year law enforcement professional from one of the largest organizations in the country and look at me to go in there and give them just that. stuart: i don't think a republican has been elected on statewide level in california in a long, long time. you want to be the first? yo you're correct. i will be the first in a long time, and this campaign is going to be one not because we're voting for democrat and republican but because californians are finally going to vote for californians, and we're down with the political mess. stuart: chad, appreciate you being here with us thank you very much. here it is. the monday trivia question. thank goodness we have madison here to get the answer right. madison: oh, yeah. stuart: how long does it tack mercury to orbit the sun: 88,
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112, 145, 186 days. the answer which we return. pronamel clinical enamel strength can help us to keep our enamel for a lifetime. it's backed by science it is clinically proven to strengthen our teeth. i would recommend this toothpaste to everybody. it's really an amazing product. (♪) [air blower sound] ♪ okay, son. focus on what you can control.
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>> all go with the most 186 days. madison. >> i'm going with less than that mercury is the closest to the sun, luckily they are all under the earth but i think we need to go to 145 answer number three. >> i'm going with number 188 days the answer is 88 days. mercury travels 29 miles per hour second faster than any other planet. if you were watching friday madison hit the slopes in vermont madison set the record straight you are snowboarding and giving us this report live, is that correct. >> it was one take wonder we were live if i fell you would've seen it luckily i didn't, that was me delivering the report while shutting the slopes. >> snowboarding wall reporting live that is fantastic. >> thank you that's what they pay me the medium big box. that is it for "varney & company", "the big money show" starts right
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