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tv   Varney Company  FOX Business  March 10, 2025 11:00am-12:00pm EDT

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>> only so many coins that can be created and similar to gold in a holder of value over the long term. >> this is the time when we decide whether you're an investor or speculator. investor, time to knuckle down, focus on quality and particularly dividends. >> i don't see that democrats have any kind of leader that, a
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trump or obama or anybody that can kind of step into a leadership position. stuart: i think everybody knows this song. people assured me that mumford and sons are a great band. i don't like what's happening on the markets and we'll get straight to that right now. will you look at this? dow off 360 and that's okay. that's 0.86% and the nasdaq, really taking it on the chin down 672 points. that is 3.73%. big tech, they're all down, yes, by several percentage points every single one.
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bitcoin. that was uncertainty and market of the movement and uncertainty. think there's a recession on the horizon and president trump implied there could be and stagflation on the horizon and there's another possibility? >> i think it's way premature to use the dreaded r word or worse yet stagflation. historically most recession sessions and not driven for terror related issues and events and covid or war. i would say in the second half of this year to expect a lighter
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touch from this administration. more deregulation and i think we are suffering from the short term pain and it's probably getting a little worse before it gets better. that's how markets move. pendulums swing too far to the upside and downside. don't jump in and buy. stuart: what do you say to that? >> don't do that same thing on the way up or down. look at cap x and big tech company said for this year. next year talking about a half a
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trillion and it's shark infested waters but nonetheless you have to nibble at the margin there. stuart: are you convinced that ai, hundreds of billions put into the bottom line of the company's richest spending this money? >> i'm pretty convinced and we've started using ai at ubs and co-pilot and remarkable the amount of efficiencies that are already extracting and we're not even in the first half inning. i am convinced that it is already adding to the productivity and bottom line of the company and smartest people in the room and ad nauseam are spending that kind of money by design. they'll get a major payoff. stuart: got to have a strong stomach to jump in on the market like this. >> you do and buying the big tech co-hart and buying
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companies behind ai whether data centers or united that fuelled it and days or weeks or months rather years you can start bagging in. stuart: okay. trying to see if i could do that . mexico and canada could go higher in the future. what's this. stuart: tariffings could go up as time gos by and may go up and it's predictability. for years the globalists, big globalists ripping off the united states and taking money away from the united states and all we're doing is getting some of it back. and we're going to treat our country fairly. this country was ripped off from every nation in the world, every company outside in the world. we've been ripped off at levels
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and all we're going to do is get it back and get a lot of it back. we're not going to let people take advantage of it anymore. stuart: he said repeatedly, these reciprocal tariffs will start on april 26789 you tariff us at 0%, we tariff you at 10%. is that a good idea? >> what that would suggest and hopefully will come to pass, i'm not sure they're going to get it done by april 2 is an orderly way of looking attar riffs and trade relations with countries and hit and miss and stop and go we have now. what are the rules of the game? what's is it that mexico and canada have to do to not have higher tariffs and those go higher and that's going to affect not only mexico and canada. they may be hurt more, we're going to be hurt as well and the market is reflecting that. stuart: you're not a tariff guy, are you?
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orderly way of looking attar riffs and big massive tax cuts and urgency not there yet. get that big tax cut, should have started with that and then you'd have a tail wind when you face these tariff challenges. stuart: this tax cut and extending the tax cut and not sure we're going to get it. bad for the market. bad for the market and got to do more than extend the 2017 tax cuts and they have to deepen them and cutting individual tax rates and cutting corporate tax in the like and unfortunately members of the party despite 40 years of ronald reagan haven't learned it yet and talking about need for medial education and getting the education secretary to work on this and get these people to see and reduce tax
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rates and getting prosperity and covering a lot of problems. stuart: why is our president going after canada? i reverse that by saying what is a win against canada look like for us? what do we win? can you answer the question? >> no. and that's part of the problem. what are the rules and metrics. hopefully the new canadian prime minister and a conservative one down the road can sit down and re-vice the trade agreements and free trade in the past that president trump negotiate in advertise herself term and want to re-vice, go ahead. do it in an orderly manner where people feel there's not chaos but an orderly way of doing a fair way to see this quickly. stuart: steve forbes, thank you. not seeing the end of the
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selloff at this point. the dow is down 638 points. arkly, let's start with dexterity come, please. ashley: yeah, they make the glucose monitoring devices and down 6.34% today after they received a warning letter from the fda over the condition of two of it is manufacturing plants. investigations discovered nonconformities was the way they put it on manufacturing and quality management systems and san diego and mesa, arizona, facilities and operations not being affected and sees no material impact and stock down 7%. next up is crocs, the shoe people. stifel maintained as bye at $138 price and $132 right now and analysts highlighting crocs
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strong earnings and growth margin and suggest ago favorable risk reward scenario for the stock and you can see crocks, stock is up 2.5% on a very tough day. take a look at bjs. the wholesale club. stock also up today after barclay boosted to $115 from 80. it's at 118 right now and all this after strong earnings last week and meantime you can see bjs up 2% and costco down and they continue to warn about the cautious consumer and cast koenen down 1%. costco down 1%. stu. stuart: thank you, ashley. five years ago tomorrow, tuesday, march 11, 2020, the world health organization declared the covid-19 pandemic. america quickly locked down. we all have personal memories of disruption, isolation, and, yes, fear. at first we were fight ago new and little known virus.
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masks, lock downs, social distancing and they were a draconian response to the uncertainty and all that understandable. but these measures did not stop the spread and public health policy failed to pivot. the restrictions were kept in place despite growing evidence that they just warrant working. the vaccine arrived, you had to have it though it quickly became clear it didn't prevent inflection. personal freedom took a hit. politics took over. and blue states wanted restrictions to continue. they aggressively went after businesses and individuals caught breaking the rules and schools stayed shut and travel dried up. red states, they favorred reopening and within a year, there was a noticeable difference between living in a democrat-run state, restrictions lingering and republican states trying to get back to normal. five years on, the pandemic's impact is with us. there's distrust of public
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health authorities and distrust of vaccines and economic performance in schools lag. not everyone has returned to the office and we went through a nasty inflation period because we countered the lock downs with far too much public spenting. it was a public health failure. my question is what happens next time? still ahead. president trump is urging iran to curve its nuclear program. >> we have a full report for you. senator lindsey gram warning potential disaster for ukraine if trump doesn't restart military aid. >> if we pull the plug on ukraine, worse than afghanistan and i don't think president trump as any desire to do that. stuart: is that an overreaction?
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good question. we'll ask darryll issa what he thinks. darryll issa is next. ♪ where ya headed? susan: where am i headed? am i just gonna take what the markets gives me? no. i can do some research. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management hi, i'm rashod and i've lost 118 pounds on golo. the highest i've seen on the scale was 417. but every single week on golo i have lost weight. and that gave me the motivation to keep going. i am in control now with golo.
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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: there's a lot of uncertainty. nasdaq down 630 points, that's 3.5%. major league selloff. as for bitcoin, it briefly dropped below $80,000 for -- it was at $79,000 briefly. now $80,254. today the alleged isis terrorist suspected of plotting the deadly abby gate terrific r terror
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attack will appear in a federal graham in virginia. david spunt is outside of the courthouse. 18 service members died in the bombing. what's the charges, david? reporter: facing charges for their deaths and facing charges of aiding isis k specifically. he'll appear behind me here at district court in alexandria outside of washington dc. in about three hours, a bit less than three hours, stuart, this will be a detention hearing, expected to go about 45 minutes or so. he's been in custody since last week, since last tuesday overnight into wednesday when he landed on american soil. we have a photograph of him. that's when attorney general pam bondi and fbi director kash patel met him on the tarmac coming over into the united states. he was one of the architects, according to the government, behind the suicide bombing on august 26, 2021, that killed 13 service members and 160 civilians at the abby gate
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international airport. u.s. troops were pulling out of afghanistan. eight days ago, he waived his rights and admitted to helping with the attack and he told other isis k members the route was clear and attacker would not be detected. he also helped inspire the attackers behind an attack at canadian embassy in kabul afghanistan killing 10 people in 2016 and city hall outside of moscow, russia, where some 120 people were killed. they say he inspired the attacker behind there as well. he could face behind bars the rest of his life if convicted. again, today's detention hearing but no indication at all that a judge would let him out of custody. he's expected to remain in custody pending trial. stuart. stuart: got it. david spunt, thank you very much indeed. iran's supreme leader rejected
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talks with the u.s. to renegotiate the u.s. nuclear deal. here's what president trump said about handling iran. >> there's two ways iran can be handled, militarily ryan higgins make a deal. i would prefer to make a deal because i'm not looking to hurt iran. they're great people. i know so many from this country. stuart: congressman darryl issa joining me now. if there's no deal, will america and/or israel attack the iranian nuclear facilities? >> israel will do what it needs to stop the existential threat, and president trump i have doubt will support that. the fact is, you know, last administration kept begging for peace and asking for peace. this president's demanding peace or else. that's working and reason from the moment he was elected we begun seeing a succession of violence around the world and people understand he means it.
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>> israel took out the most advanced air defense system specifically so they can, if necessary, go in and detour those that development -- if not thousand certainly by october when this so-called agreement runs out and there's no doubt they will quickly gain nuclear capable. stuart: switching to the war in ukraine, listen to what senator lindsey graham said about pausing u.s. intelligence weapons to kyiv. >> i'm worried of cutting off intelligence and weapons to ukraine as long as finding is going on. if we pull the plug on ukraine, worse than afghanistan. i don't think president trump has any desire to do that. till there's a ceasefire, i
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would give ukraine what they need in terms of intelligence and weapons to defend themselves. stuart: congressman, what do you make of that from the senator? >> i like lindsey and served with him in the house before he game a senator will go no end to the war and if he doesn't push zelenskyy to make a peace that can last for the ukrainian democracy. victory will be hollow anyway. if he restored all of what was historic pre-2014, ukraine, you would end up with too many russians and russian sympathizers who are not part of his democracy and president trump is doing for zelenskyy what zelenskyy isn't smart enough to do for himself.
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demanding a ceasefire but demanding it in a way that leaves no choice for both sides that they come to the table. stuart: special envoy witkoff hopes a deal on ukraine is reached this week. he's helpful. are you? >> i am. i believe strongly that president trump will not let one side or the other have an outright defeat but he wants to demand they come to the table and if president trump president putin knows what's good for him, he'll get to the table and if president zelenskyy doesn't, he's already seeing that president trump is willing to take action. if that's what it takes to bring him to the table that negotiates and stops ukrainians from dying. and brings a lasting peace. with his record, from the day he was elected and the american
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people peace break out around the world and ukraine has to happen and wee seeing it in the middle east and we came back in lebanon and up on the gaza border in egypt and israel and it's helpful now because of president trump being e leked that bunt drew the day before and quite frankly only exists because president trump really means peace. stuart: we'll see how that goes. congressman, always a pleasure. >> thank you, stuart. ashley, who were they seeped by? ashley: very good question by a so-called auto pen. signatures that are produced bay machine as opposed to authentic handwritten signature and according to the overside project and concludes whoever
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controlled auto ben controlled presidency. i would say so. the project posted on x platform "we gathered every document we could find with biden's signature over the course of his presidency or used same autopen signature except for the announcement the former president was dropping out of the race last year". raising very serious questions about who was running the country. one example, stu, last year mike johnson said he met with joe biden to tell him about the economic damage being done by the president's order to freeze lng exports hurting louisiana in particular. johnson says biden denied issuing the order and didn't remember signing it at all. cricos, back to you. stuart: yes, who was running our country. ashley, thanks very much indeed. take a look at big tech and doing it frequently and doing it today.
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>> a manhattan community meeting turned into chaos and they were dancing the macarena and mob drowned out parent advocates about buy biological males competing in women sports. msnbc host going after elon musk with these harsh words. >> why don't you go back to your day job and work that out. leave those of us who do government to do government because you can't do both. your rockets are blowing up and the blood alcohol level is blowing up. stuart: -- government is blowing up. stuart: really think musk would abandon doge? joe concha is next. ♪
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call for your free info kit. stuart: arkly, what's up with the energy stocks. are they all down? ashley: no, they're all up. exxon, chef ron and american
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power are all up. energy secretary chris wright reiterating haze vow to reverse joe biden's climate policies of the careway conference. he dismissed biden's focus on climate as "myopic" says renewables can't replace natural gas. music to the ears of energy folks and that's why they're in the green on a red day. $106 from 39 and now at 107 and maintained a neutral rating and highlighting the company's recent executive changes and ceo and cfo coming with substantial experience in the utility sector. stuart: a case x rocket exploded
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off the coast of florida. watch this. >> my suggestion for elon, his response to all this is rockets are hard. and mr. musk, if they're so hard, why don't you go back to your day job? work that out and leave those of us that do.d to do government and you're failing at both. the rockets are blowing up and the government is blowing up. i suggest you concentrate on the un-one thing you think you know more about. stuart: oh, dear. i need joe concha, fortunately here he is. you think it's okay to blame doge for a failed case x test? >> that's how it gos when you're testing rockets. things don't always go your way. when these overpaid individuals cheered on elon musk for tesla, electric cars and helping to save the planet.
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he's on team trump now so they're cheering on rocketing exploding in the most patently petulant manner possible and felt democrats got their cues acting like children to the joint session of congress, we witnessed it. there's a reason why this network has more employees than viewers at this point. there's a reason why nbc is selling off msnbc because it's not only a money losing operation, it's an embarrassment to call this news network a news network. i love how michael steel says leave it to us to run government collect reigns leading. a, you're not in government, michael. b, when you ran the rnc, remember, he was a republican national committee chairman, that was probably a low point for republicans in terms of victories and actual governing. stuart: what do you think of his job so far. >> she's a chief executive of a
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company like this and tasked elon musk to find waste, fraud and corruption and look at polls, stu, i'll take my opinion out and look at polls and overwhelming number of americans support getting rid of waste, fraud and corruption in government and support doge in general and showing he can cut 80% of that company's staff for example and make the company run more efficiently and trying to do the same for government right now. it's not a fun job, he's now the pain sponge because he has to cut th things and hard thing to be that guy. overall, just based on transparency in terms of things he's finding and sharing that he's finding, he's doing an excellent job. stuart: he's getting it done. michigan democrat senator elise slotkin said the ban on transgender athletes is only used to make sparks. >> let the local community figure this out. in michigan, we have a process in place where if someone born a boy wants to play in women
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sports, you have to get a waiver. it's happened two times in our community. let them handle the issue. for me, i think this issue is being sort of brought up in order to make sparks and see sparks fly. stuart: 30 seconds on that one, joe. >> really amazing, stu, democrats don't know how to handle that issue. it's one of the biggest issues that helped decide the 2024 presidential election and voters overwhelmingly with suburban women and youth sports and don't want biological men competing against biological women and taking steroids out of sports and giving advantage over chemical or biological. the bottom line is democrats better have an answer than moving forward and have to be able to answer more coherently and with common sense and so far can't do it. that was 28 seconds. stuart: you're right. very good. very good indeed. such a professional.
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thank you, joe concha. transgender activists hijacked a school board meeting and broke out into a dance routine in new york city. ashley, what's this all about? ashley: god, i wish i could tell you. a mob of trans rights activists repeatedly h hijacked a series of meetings over the weekend and blowing bubbles throughout and one person even rushed the stage and sat down in a member seat and see in the background here and even dancing the macarena. not very well. all to disrupt the meeting and protest those opposed to boys playing girls sports and trans teacher trying to open a trans middle school and trans righ group is up set about the resolution calling the city department of education to review its policy that allows
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students to play on teams according to the gender they identify with. stuart: the hit netflix show love is blind did not get married during the show's season finale like originally planned. am i reading this correctly, ashley? the bride didn't think her fiance was woke enough? ashley: i think that's exactly it. love is blind star sara and ben did not get married during the season finale because cotton had reservations about his relink ridge yous and political viewpoints. watch this. >> we talked about a lot of values that i hold so close to my heart. ben, i love you so much, but i've always wanted a partner to be on the same wavelength. so today i can't.
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ashley: ben may have dodged a bullet and wedding rejection sparked intense debate across social media. is political compatibility essential for romantic relationships or grounds for reconcilable difference. cotton said potential husband had no thoughts on black lives matter and she was concerned about church's traditional views on sexual identity and all viewers augy they're not a great match. turn and run. stu. stuart: i liked your comment, ash, he dodged a bullet. priceless. ashley: he did. stuart: let's move on. we want to know what you think, should politics be a deal brake where it comes to marriage. e-mail us about it. canada facing a new dairy and lumber tariffs. here's what trump said about it. >> we've been ripped off at
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levels never seen before and all we'll do is get it back. we'll get a lot of it back and going to let people take advantage of us anymore. stuart: how are the dairy farmers reacting to it and we'll bring you the full story, next. ♪ if you're like most americans, the concern about not having enough money to retire the way you want to. or worse yet, running low on money during your retirement is a genuine concern. safe money iq is dedicated to helping you retire forever. and best yet, we don't charge a fee
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stuart: a look at vicks index. theed fear gauge and reached highest since december 18th and that's what's going on at the market and fear gain going up. cryptos and they're all going straight down. especially bitcoin and ethereum and holding onto $80,000 a coin. coming up, big money show. co-host brian brenberg is here. what do you have today brian?
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>> hey, stu. holding a round table and trump told fox this weekend that americans can expect a "period of transition adds trade policy and dodge doge cuts hit. stuart: president trump claims canada has been ripping us audiotape for years with dairy. what do our dairy farmers think about trump's plan? >> hey, stu. seems that dairy farmers are glad that president trump is sticking up for them and concerns that a prolonged trade war with canada is bad for both sides. under the u.s. mexico trade agreement, limited amount of dairy products can be shipped into canada tariff free and once exceeded, steep tariffs kick in. milk 241% and 250,000 metric
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tons and cheese once 6,250 metric tons and butter at 298.5% once they're imported. u.s. dairy goods have been hit with the high tariffs. plumb still wants to match the dairy duty sent by our neighbor to the north. >> canada was ripping us off for years on tariffs for lumber and dairy products and 250% and nobody ever talks about that. they'll be met with the exact same far riff unless they drop it -- tariff unless they drop it. reporter: they released a statement saying u.s. dairy grateful for the efforts to hold canada accountable on the protectist measures but at the same time the prolonged tariff war will continue to create uncertainty and additional costs for american dairy formers,
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processers and rural communities. builders warning that high prices would lead town crease in construction costs. stu. stuart: we hear it. max gordon, thank you. 'em said left wing billionaires are to blame for the nationwide protests against tesla. ashley, who's he talking about? ashley: george soros and billionaire co-founder and reed hoffman and others and he claims they're bankrolling the destructive protest and taking to social media platform x yesterday saying investigation found they were responsible for the tesla protests and act blue by the way was fund raiding flat
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form and going for femme and musk involvement with the trump administration and musk went onto say "this week seven actblue senior officials resigned including associate general council. if you know anything about this, please post in replies, thanks, elon. by the way, actblue has yet to respond and no independent verification they're involved and tesla is being targeted no doubt. stuart: thanks very much, ashley. show me the dow 30. by the way the dow turned negative for the year. some green, almost as much as red. dow down 449 points. there's a shortage of auto
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technicianings to fix cars and ford is investing $4 million in scholarships and hear from one of the scholarship recipients, next. ♪ it's time. yes, the time has come for a fresh approach to dog food. everyday, more dog people are deciding it's time to quit the kibble and feed their dogs fresh food from the farmer's dog. made by vets and delivered right to your door precisely portioned for your dog's needs. it's an idea whose time has come.
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stuart: experiencings outages around the world and using reports that are not able to log on or load the website. fox business reached out for comment and let you know when we hear back. ford invest r $4 million into its auto tech scholarship program. handing out $5,000 scholarships to 800 students to become working technicians. mckenna inga is a scholarship recipient. you got the $5,000? >> yes, i did. stuart: was that enough to put you through school? >> it does help a lot and trade school is very expensive and a huge help to get through it. stuart: are you now a working auto technician and do you like it? >> i am now graduated and
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working as an auto tech and i enjoy it and the challenge is exciting and something new every day. stuart: you're working with your hands and prefer that to office work or something? >> i do. sorry? stuart: you prefer working with your hands to office work? >> yes, i mean, i'd rather be moving around, always engaged in something and there's always something new and exciting. stuart: does it pay well? >> it can, yes. once you get into it and further down the line. you have to put some work in it first but it does pay well. stuart: i was told that as we moved towards computerrization in cars, fixing them becomes easier. just chuck in a new chip. is that accurate? >> it can be in some ways, yes, it can be easier and in other ways there's a lot more aspects to the computers and the sensors and things like that so you think it might be one thing and then you have a million other things that it could be because one wire could take out an entire car system so it can be
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easier and can be more difficult. stuart: what's the difference between working on electric cars and gas-powered cars? >> so we don't see too many electric cars in the independent world as they're still too new. however, it is interesting because of just the electronics in a hybrid and electric carver suspended ands internal combustion car and electronics are completely different and wiring system and computer setup is pretty different. stuart: you can work on both? you're trained to work on both of them? >> yes. i am trained from school to work on both. stuart: i understand you have an interest in moving onto formula 1. why formula 1? >> yes. that's the end goal. i mean, they have the perfect mix of hybrid and gas right now. it's the fastest cars in the world and most engineered cars in the world and it's incredible and design and engineering behind the cars is fascinating
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to me. that would be the dream and end goal and my life would be complete after that. stuart: have you got a shot at it? can you do it? >> i think so. i'm working towards it so we'll get there. stuart: okay. congratulations on the scholarship and your success. we appreciate having you on the show today. and thank you to ford motor company. >> thank you. stuart: thanks, makenna. it's that time for the monday trivia question. do not look this up. how many st states with a birthplace of at least one president? should be a big number surely. 17, 19, 21, or 23? we'll be back with the answer.
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stuart: at the break we asked how many states were the birthplace of one president, 1719, 21 or 23. it's just you and i but i have to tell you my audio guy is giving me what he thinks is the answer, you first. >> mike is light-colored friend he's doing very well. i'm getting going number three, 21. >> i'm going to go with number two, 19 but mike says 17.
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mike got it wrong for the first time and actually you got it right well done. >> and rather be lucky than g good. >> to states eight from virginia, seven from ohio. a quick check of the markets that sullivan still going on strong were down 625 for the nasdaq, 500 for the dow critic with programming note. important elon musk will be on "kudlow" of 4:00 p.m. eastern you could see the full interview right here on fox business. it's been quite a day and it will be quite a day to end at 4:00 o'clock with larry and elon musk that's going to be something else. you cannot miss that larry gets terrific guest no guest better than elon musk at a time like this and larry will do the interview. i expect to tell you the headlines tomorrow morning "the big money show" starts right now.

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