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tv   Varney Company  FOX Business  March 6, 2025 11:00am-11:58am EST

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the ice agents and he runs. event hi he's tased, brought down and taken away. i'm showing you this video to make a point about sanctuary cities. why wasn't that gang member hand over to ice inside the jail in handcuffs? answer: denver is a sanctuary city and will bend over backwards to help illegals. this was leer when the mayors of denver, boston, chicago and new york were in congress and defending the sanctuary cities and the authorities are all dragging their feet on deporting known criminal migrants. the mayor of boston michelle woo attacked the border czar, tom homan. >> talk about tom homan. shame on him for lying about my city, for having the nerve to insult our police commissioner who has overseen the safest boston's been in anyone's lifetime. i am here to make sure that the city of boston is safe.
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others may want to bring hell, we are here to bring peace to cities everywhere. stuart: wu spent $650,000 of taxpayer money to prepare for her appearance. now watch tom homan's response. >> mayor wu should be standing side by side with me. who does not want to bring hell to an illegal alien that raped a child? not one, many of them. i stopped counting at nine. we're going to keep going. they can hate me all they want. we're coming. i said we're going to bring hell, i meant it. i'm going to stand by it and i'm going to do it. stuart: betting get out of the way. the sanctuary people refer to immigrants. they think they gets them off the hook. they can conceal the truth that they're protecting violent criminals. homan repeated time after time that the worst go first. but these mayors don't want to hear it. it is their policy to protect all illegals. things are coming to a head. president trump threats withdraw
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of federal funds if ice is not allowed to do its job. tom homan is no, ma'am not backing off and the president is annoyed at slow pace of deportations. anyone who knows tom homan knows he'll redouble his efforts and it's taking a bit longer than we thought, but surely we are now nearing the end of the sanctuary movement. third hour of varney starts right now. ♪ stuart: charlie hurt joining me here in new york city this morning. do you think that sanctuary cities are really on the way out? i'm hoping they are, but i think it might take a long time. >> well, i think first in the line of the common sense revolution of things to fall, you'd think it would be the sanctuary cities and love that you point out the thing about trying to hide behind the word immigrants. calling them -- calling illegal aliens immigrants is a smear to
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legal immigrants. immigrants are people that come here legally and do @ right way and contribute to america. if you're here illegally, you are not an immigrant. you are an illegal alien and by the way, in the law books, you are too. that video, astonishing. to me, underscores the lie that is their entire argument. when you don't hand over a criminal illegal alien to ice in the jail cell in handcuffs, not only is it bad for our country, it's are dangerous for the police officers that have to round them up, but it's also dangerous for the illegal alien who then has to get recaptured in a situation like that. and that particular guy was lucky that he was just tackled to the ground and reput in handcuffs. it could have ended a lot worse for him. stuart: got to use all that staff, all those ice staff. just one person in the jail in handcuffs him and takes him away. no, there's a half dozen out there trying to get him. >> it make nososense. stuart: no, no sense. let's move on.
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different subject. actually, i've got to have you stay right there. >> okay. okay. stuart: i believe you're with me for the hour. >> i'm going to wait for the next rolling stones song to come up. stuart: probably tomorrow. back to the markets accident we're coming back. that's the story of the morning, we're down 113 on the dow now and we had been down 500. michael lee is with us. the super bowl, yes, he's the man. the chip stocks all sold off. why you're saying buy them now. >> stuart, the argument and view from wall treat is not only is growth decelerating that it's basically going to flat line in 2026 for all the infrastructure built across the board for artificial intelligence. first of all, you have hard hurdles and growing earnings by 500% and then 200% and then 80% like like it or not, even though
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these are spac tack larra numbers and declining -- spectacular grote rate and that's going to remove a certain buyer of the stocks. however, i think the estimates for which the growth rates are going to decline for these companies are ludicrous and you're in a supply constrained environment and the video is working with taiwan semi to expand their capacity to grow their rhe newbie more than $4 billion a quarter and 15 months from now, estimates from the revenue to essentially flat line and stop growing and maybe a marginal improvement and that's kind of the argument that we're looking at right now is that this ai is overdone and all going to fall off aycliffe and kind of flat line. i don't believe that for a second. a microsoft cancelled a contract
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with core reeve and they're a microsoft provider and they cancelled because they cane get enough chips and build the cloud space fast enough for microsoft to use them and we're so far from material deceleration and this being done and these will be golden opportunities to look back on a couple years from now. stuart: i was going to open up this interview asking you if you're bullish and the answer is clearly yes, i am. mike lee, good stuff. see you again real soon. >> thanks, stuart. stuart: lauren, looking at movers. what's a brown foreman? lauren: they make jack daniels. stuart: yes, they do. lauren: you guys know it so well. this can't pay me to drink that stuff. canada pulling american alcohol off their shelves as part of the retaliatory measures is worse than a tariff because it's literally taking your product off the shelf. the stock is down 3.5%. the good news here is that fortunately for brown forman, canada is 1% of their sales, but
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they did get a downgrade today to sell for morgan stanley with the price target of 32. stuart: how about lululemon, they're based in canada. lauren: they are. up 4% and no. 2 on s&p 50 500 as i speak and produce 90% in cambodia, sri lanka and countries not hit by tariffs. they're based in vancouver, their products don't come from there. stuart: it's a tariff positive stock. lauren: yeah, i'd call it that. starbucks ceo brian nickels told corporate workers to get back in the office five day as week and take responsibility for some of the decisions that we're making and not improving sales. stock is down 3%. of course last month announced they were laying off 1100 corporate workers. now have to go back five day as week. stuart: got it. lauren, thank you. coming up, pixar's new series win or lose features disney's first explicitly christian character in nearly two decades. how are audiences reacting to
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that? we'll get into it. anti-israel pro hamas protesters have occupied barnard college for a second week. 10 people were just arrested, they refused to evacuate for a bomb threat. >> everybody must clear the courtyard. there's an active bomb threat inside of the building. stuart: what will it take for the college to stop this madness? kennedy takes that on. she's here and kennedy is next. ♪ there are many ways to do things.
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stuart: at least ten people were arrested at barnard college in new york city. anti-israel protesters refused to leave a campus building. alexus mcadams outside of the college. what are theed folks being charged with? reporter: we're hearing from nypd, stuart, it's a wide range including trespassing at this time, but this comes as president trump threatened to pull all federal funding from the school ifs they don't stop the illegal protests from happening on their campuses: i can tell you from doing this for months, it shows no sign of slowing down. we saw students at barnard take over a building yesterday and say they're not going to leave until the school meals their demands. reporter: we know the chants by heart now and students were arrested because they wouldn't get off the campus even though
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there was an active bomb threat according to police and mass students set up a liberation zone inside of the library and chanting and blocking the doors for how long? at least four hours and students paying about $100,000 a pop to go here couldn't get into the library on columbia's campus stopping them from doing their jobs. on the doors protesters hanging a puppet of the president laura rosenberry demanding they stop punishing the protests and the president wrote this has gone on too long and protesters have gone too far. in a video online, she tells students she's meeting with them about their demands. >> we will unmask and send three unmasked barnard student ifs you unmask your finances and tell us exactly where the money is. reporter: this comes as a hearing on anti-semitism
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happened calling on congress to take action and all the students we talked to were jewish or students fed up or people that live around here and wondering who is in charge. how long this will go on sister, stuart. stuart: good kentucky thank you for joining us. kennedy is with us now. why are schools allowing this? they're negotiating with thugs, masked thugs. >> they're not negotiating, they're appeasing. nothing good will come from these negotiations. the protesters, all though this whole thing is incredibly boring, they're a bunch of cowards. if you really believe in this cause, if this is the hill you're going to die on, take your mask off and let us see your faces. show who you are. talk about the issues. they can't because they're cowards. so the school is only going to make it worse, and i've gotten it set up with it and i'm a ucla alum and i stopped gastroenterologisting to the school. i used to give to wooden scholarship fund for athletics and i don't anymore because the school is not appropriately dealing with this.
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imagine being a parent that sends your jewish kid to school and how much worry, how unsafe they must feel. and they have a point in that all of these major schools act as, you know, jonas ferris once said like hung funds. like massive multi-billion endowments like sure, some financial transparency would be great, but the appeasement doesn't work. stuart: this one's for you, disney's latest animated series win or lose features the company's first explicitly christian character in nearly two decades. in the first episode, a player that struggles with self-doubt prays before a baseball game. it seeps like a turning point for disney, but is that just wishful thinking? >> no, don't assume disney sprouted a moral compass. it's falling flat and kids don't
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want to be lectured too and don't need everything to be, the more you know, the one to grow on. have something entertaining that connects us emotionally to the history of rich characters. instead of trying to shove your side down the throats of kids in this country. there's a lot of kids that struggle with their faith and pray and nice for them to see someone on screen they can identify with and that important realm of their life. stuart: got to leave time to get to this, your special on fox nation. >> that's right, stuart. stuart: blake vs. justin, it didn't end with us. worried about this. it breaks down the controversy surrounding movie stars blake lively and justin baldoni. here's a preview. >> irresistible plot if you like to sigh hollywood a-listers go at it. >> feud between the lead actors of "it ends with us" boiling over. >> she allege that had justin
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baldoni sexual harassed her and made up a smear campaign against her. >> he counter sued her for defamation and extortion. >> are we going to see this play out in court or settle it outside of court and we'll never get to the reel truth. stuart: the interest that everybody pays in this. ain't that right, charlie? what more can you tell us about your special? >> a lot of people heard about this or read about it in the new york times and they were on blake lively's side. it's another me too story. and justin baldoni, star and director was like not so fast. you're not cancelling me and i have receipts and put out text messages that sort of refuted the claims she made and people were giving the whole thing a rethink and like maybe we didn't know blake lively and ryan reynolds to begin with and maybe they're a bunch of bullies and maybe like two scorpions mating. stuart: what a thought.
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quick question, who's side are you on? >> i think they're both psych paths. i do. hollywood is a magnet for horrible people and it's like moths to a flame and the truly retched thrive. stuart: glad i asked the question. kennedy, thank you very much indis'd. always. get me out of this. hunter biden's legal team is asking a judge to dismiss his laptop case. on what grounds, lauren? lauren: he's broke. his legal team, the filing said in plain english. "plaintiff suffered a significant downturn in income and has significant debt in the millions of dollars range". now they're abandoned their lawsuit against the former white house aid who published the contents of hunter biden's laptop. they say he can't afford to keep litigating it after losing his rental property to the wild fires in california and not hagg job. you're saying, what about the sales of all his paintings. what about his book? sales are down for both.
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charlie is laughing. prior to december of 2023, he netted about $1.5 million from art work. but that was prior to -- end of 2023. nothing since. very little since. stuart: charlie, his life has really changed since his dad left office. >> shocking his art sales are down. i wonder why. maybe because he's no longer the first son. lauren: not getting speaking gigs from his book. stuart: moving on, talking to one company that's benefiting from tariffs. more varney after this. ♪
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stuart: might go back up to 370? lauren: not sure what that means. stutesla down 2.7%. z scalier. lauren: signalling increased demand for cloud-based cybersecurity services and at least four bianca brokerages increasing today. stuart: hurt lutnick expecting an announcement today that give as full reprieve to usmca products. kelly saberi joining us from new york. you're at a company taking raw aluminum and turning into metal. how are they doing with the tariffs? reporter: i wouldn't say they're preparing at this point, stuart. they're preparing for success. if there is no reprieve on canada, canada is set to be hit the hardest in terms of aluminum tariffs.
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there'd be no exceptions for any countries and even canada and mexico and no exceptions for derivative products of aluminum and they create what is the second step in the process so i want to show you a little bit of this. pryor mire aluminum down 11% year over year. that is huge considering that that number is less than a million metric tons. we were producing about 4.5 million for aluminum and countries bringing in the most aluminum to us includes canada and china. produces three times as much as it exports and in terms of the number you see for china, we're
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expecting that to be greater than what's really recorded and that's because c china brings aluminum in through mexico, canada and other countries. they're the largest u.s. aluminum produce eric and they anticipate losing 100,000 american jobs. that's 45 they told investors of the mining conference in florida. the ceo of where we are says canadian companies have been exempted from paying that current tariff but still continued to collect it by factoring it into their price. and they raked in billions that will now go to the u.s. and wind fall coming to the end and could be why the ceo was concerned j. they're producing aluminum in australia and china and brazil but in canada.
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and a third of their production comes out of canada. they don't produce much aluminum in the united states and that's even dropping at the moment. reporter: of course mexico and canada going to ask for this exception and going for what was said and we are on the edge of our seats to find out. sending it back to you. stuart: not surprised. you'll be on the edge of your seat for that one. thank you, kelly. danny heat index is the chairman and ceo of green wave technology solutions and danny joins me now. how does your company, a scrap metal dealer in large scale benefit from tariffs? >> about 60 a ton in the last months on increase of this deal and prices to the moon. therefore the trickle down
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effect and customers are making more money based upon the tariffs and i sew that continue climbing and growing, also see the steel mills with the tariffs and gives kind of a even playing field as far as foreign chinese of mexico and india, we're balancing the playing field so american steel manufactures can compete. stuart: you do business with new core, they must be happy with tariffs and prices are going up and they're doing well. new prices of steel are going up. so these tar tariffs in that respect are inflationary. even going back historical and early 2016 '18.
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scrap metal is 6-800 a ton and pushing $400 a ton. so, you know, it doesn't have a huge impact going $7-$800 going for them and steel mill and steel shredder and brand new taking off on next tuesday we refurbished and put a new shredder in north carolina about 45 minutes from nucor and he recollects we're excited about that and have another one coming online in the next probably 30-45 d days and bay herrera coming in. stuart: you're doing well. stuart: terribly sorry, danny.
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out of time from greenwave technology solution. doing well from tariffs. one of the unions endorsing kamala harris praising president trump's tariffs. lauren, which union and what are they saying? lauren: uaw saying par riffs are a powerful tool. you're shocked, charlie. for undoing anti-worker trade deals of the past and offered a full backing for the aggressive action and strong statement from a union that endorsed both kamala harris and president biden last year. they're now aligning with what president trump is doing to recommit to them the working class that makes the products. right here in the usa. stuart: the democrat national committee named a new executive director. lauren: robert law. he previously worked for senator elizabeth warren and he pushed -- stuart: oh, no. lauren: he pushed racial
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grievances frequentedly in the past and said the u.s. is built on racism and genocide. he opposed a resolution that condemned the chinese communist party for misleading the world on the origins of covid. he had been the deputy exec tiff director for dnc for the past election. kamala lost and he got promoted. stuart: quick reaction, charlie hurt? >> stuck on uaw. uaw leadership might have gone with kamala harris, member it is not. this is what we're seeing is why members went with donald trump. stuart: thank you, charlie. the white house said that president trump spoke with mexico's claudia sheinbaum and trump said mexico will not be required to pay tariffs on anything that falls under the usmca rules. he also said this agreement is until april 2. that's why the market is coming
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back a bit. coming up, unregulated electric bike batteries have deadly and disruptive fires nationwide. one city in new jersey taking action against the bikes. we have the full story for you. motorcycle enthusiasts from around the globe are descending on florida for one of the largest motorcycle events. it's the 84th anniversary of this event. it's a big one. look at this. there he is. webster is there and he's wearing his riders. we'll be back with the rocker. ♪
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confirmed the exception for tariffs on canada will expand to for mce sectors with an announcement this afternoon. that's what we have for you. coming up, big money show co-host brian brenberg is here. lawler have you got today, brian? >> hey, stu. wall street in selloff mode over tariffs and inflation and recession fears, but are markets overreacting and you just said it, president trump posting on truth social that mexico will not be required to pay tariffs on under that falls under usmca. what does that all mean? we'll have special guests to make sense of it all. stuart: got it, brian. thank you. the 84th annual daytona bike week promoter cycle festival underway in florida. ashley webster is there as we've seen previously. ashley what, are you doing and you look like a natural on that bike. did you own a bike when you were a teenager?
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ashley: i sure didn't. looks are deceiving, mr. varney. put a leather jacket on and all of a sudden you feel extra cool. i don't know how to ride these things, i'd love dortmouth to but i don't. i'm here because i'm trying to get a sense of the consumer and the motorbike industry. it's one of the biggest events of the year. see if i can get off this without pulling my groan. okay, i made it. half a million people come to this event here in daytona. you know what, the saying goes, nobody needs a bike but everybody wants one. at least that's the theory and, boy, find them here priced anywhere from $12,000 to $50, $60,000 and beyond much i want to bring in teddy morris. teddy, great to see you. >> you took into consideration ash. ashley: teddy owns this harper lanesly davidson -- harley davidson dealership. 100 square feet? >> 110,000 but who's counting. ashley: how is business smuggling >> business is very, very good.
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we always want it to be better. i'm very, very happy, never satisfied but i'm happy. ashley: what is it about these people? what's the joy getting on a motorbike because it was raining yesterday. that's no fun. >> it's no fun but doesn't stop us. the joy of getting on a motorcycle is the freedom. a few moments we're so connected nowadays through everything, through our phones, worse, people. it's that moment when you can be by yourself and you can be alone with your thoughts. ashley: iconic image of harley davidson in america, stu. you know what, sales last year of harley davidson around $96,000. but if you look at covid, it was $1 26,000 plus. why? because people as we know were stuck indoors and bought motorbikes and got out on to the open road in the fresh air. who knows, i might be tempted if i can afford one of these, but they are pretty cool. stu. stuart: it's the acceleration you really go for because you can beat anybody. your really can. i did it myself.
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all right, ashley, we will see you later un-biked and see you later. by the way, there's a boom in electric bikes, the batteries have start sparked deadly fires in apartments and deadly fires in the country and hoboken, new jersey, write live, taking action with a new safety audience. lauren: e bikes aren't ruled and then going for them social norms to sell and go for lithium ion battery and charge or store e bike in common area of resident dense or a building. if you do, it's $2,000 per violation per day as a fine. 38 people did die, 217 injured last year because of the lithium ion batteries in e bikes exploding. >> i don't even live in hoboken but i'll send taxes to them for
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doing this. these are death traps and the problem is people use them and leave them at the entrance to a public house and catch on fire and then the door's on fire. you can't even come out of the front door. they're so dangerous, if you want to ride your bike, get a bike with pedals. pedal your bike. cities and most cities don't keep track of number of fires that are caused by these and that's because most cities don't care about humans. stuart: step out on to the streets in new york city, watch out for the e bikes. lauren: i don't know how they'd know if your battery is secondhand. stuart: show me the dow 30, get a sense of the market. it is lot of red. more red than green. and the dow is down a half percentage point and down 500 earlier. vice president jd vance did not mince words when talking about biden's border policy. roll it. >> because of what joe biden did at the southern border fur four
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years -- we had record increase in migrant crime, fentanyl deaths and just floods and floods of people who shouldn't be in our country. stuart: president trump has already ramped up deportations but he says they should be happening at a faster pace. abortedder expert art del cueto on that next. from starting out... whatever you need you guys give me a call! ...to saving up... ...to income in retirement. you got this. vanguard fixed income funds can help advisors grow their clients' savings. vanguard. fifty years of high quality investments. 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. (♪) at t. rowe price, we help advisors move forward by building agile etfs designed to outperform the index.
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stuart: democrat mayors try to defend the sanctuary city policies and a tense hearing on capitol hill. griff general tins, bring us up to -- jenkins bring us up to speed on the fire works? >> they hammered mayors of boston, chicago, denver in new york over their refusal to cooperate with federal ice officers. >> do you love illegal aliens more than fellow countrymen? >> i love all the residents of the city. >> mayor johnson, are you willing to go to jail for violating federal law? jot city of chicago complies with all laws. >> oh, i highly doubt that. >> denver's major johnson was pressed on this and a tda gang member being released free in a parking lot resulting in a foot chase with ice agents and said it's the fist he's heard about
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something like this happening. meanwhile, democrats were defending the mayors blasting tom homan and trump's border crackdown. >> it's total [bleep]. absolute [bleep]. they are not making america safer again and what they are doing is terrorizing immigrant families. that is what they're doing. jaire homan responded to the hearing last night saying, stu, hate him all they want but he's coming after them and going to bring hell. stu. stuart: yes, that's exactly what he's saying. griff jenkins, thanks very much. vice president vance visited southern boarder and pointed out progress made in the last six weeks. watch this. >> because of what joe biden did at the southern border for four years, we had record increases in migrant crime, in fentanyl deaths, and in just floods and floods of people who shouldn't be in our country who came into the united states of america. that's the bad news.
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the good news is as president trump said last night at the state of the yawnon, it turns out we didn't need new laws, we didn't need fancy legislation, we just needed a new president of the united states, and thank god that's exactly what we have. stuart: that was a very good line. but the new york times claims the white house is getting frustrated over the pace of deportations. joining me now, national border patrol council vice president art del cueto. art, how do we accelerate the numbers? >> well, i think several obstacles that tom homan is now having to face is the element of surprise is no longer there. people know they meant business and they're coming and arresting them and that's one of the big hurdles. the other one that you know we've had to deal with at the same time is the leaks. i mean, it's insane there's people out there that have worked with ice that have been leaking the information and telling people where they're going to go and that'll be a problem that's been documented
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and has been spoken about so those are the main things. i think tom homan is doing a fantastic job and the men and women with boots on the ground are doing a great job and always have and always ready to answer the call but one thing is that the obstacle is that the element of surprise. that's a big issue right now. stuart: one more for you, art. chicago mayor brandon johnson is claiming his city is safer because of its sanctuary city status. watch this. >> the city is safer because of the welcoming city ordnance. in the actions that amplified fears of deportations, make chicago more dangerous. those fears cause witnesses and victims to cooperate with police. ting essential to achieving the goals of reducing crime and pursuing justice for vic tips. they come forward to report crimes to local law enforcement and provide information that
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helps the policesoever those crimes. stuart: art, does he have a point? >> no, absolutely not. at the end of the day, what they're supposed to be doing is arresting people violating the law and individuals living in the city that are illegally in the country, that's part of the law. i see agents in the field and patrolling highway or if they see a crime being committed and they're not going to look away and say that's not immigration. i would know it. that's not the way the job works and he owe it is to his community and country and his constituents to make sure people are following the law and those aren't and committing crimes are arrested and brought to the law themselves. jacqui: they're protecting them at great cost to the city and taxpayer. that's the truth. art del cueto, see you soon. thank as lot. stuart: it's the thursday trivia question. charlie, would you like to stay and play? >> i can't do it.
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stuart: you can do this. lauren: is it about e bikes? stuart: no, it's not about e bikes, calm down, charlie. what's the maximum speed at which rain can fall lauren: cha? stuart: 16 miles an hour, 19, 20 or 22. >> does that include hail? stuart: it says rain. don't get technical, charlie. the answer when we return. .. ♪ in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it. solving today's challenges
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stuart: a fascinating question. what is the maximum speed at which rain can fall? we are discussing amongst ourselves, trying to eradicate the ideal of hail which comes down much faster and also figuring many blown rain, this is rain that falls straight out of the sky, maximum speed. charlie coming from the e bike story. charles: i will go with 16 because that's the way it is set up a. stuart: what have you got? lauren: i will go with 25 miles an hour. stuart: what is it? charles: you got it! this thing is rigged. stuart: according to nasa, the
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speed of rainfall increases by size. now you know. tomorrow, friday, send us your friday feedback, varneyviewers@fox.com. programming note. maria will have an exclusive interview with donald trump this sunday, march 9th, on sunday morning futures at 10 am eastern time on fox. have you gotten over the rain speed? charles: i am still working on the hail idea. i think the hail was faster because it is bigger and heavier and it comes down. stuart: sometimes windblown rain with come at you. charles: that stings. stuart: that is it for varney and committee, "the big money show" starts right now
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