stu: look at that.bottom right hand corner on the screen and dow popped to 500 points and wiping out of yesterday's gains i do believe. we're down 500 at 29,100. coming up, don't forget to send in your friday feedback. e-mail your questions and comments and critiques to varneyviewers@fox.com and then there is this. >> i'm really excited about this new book. i want everyone out there to know that you are loved, and that god has a purpose and a plan for your life and you can make a big difference in this world. stu: that is fox's very own ainsley and has a new children's book, i'm so glad you were born and she's here later to give us a preview in the show. ♪ stu: hurricane ian causing a major problem for the production of fertilizer. jeff fox with us from pennsylvania. all right, jeff, what's the connection between the hurricane and fertilizer and what does it mean for food prices? >> nothing good for food prices but that's an old story, stuart. yeah, you can see the corn back behind me there, this is har

stu, take it away. stu: good morning, maria and everyone. at this moment, florida's governor desantis is about to detail the preparations the state is making for the arrival of hurricane ian. it is currently a category 3 storm slowly moving past cuba toward florida's gulf coast. hundreds of thousands of people have been told to evacuate mainly from the tampa st. pete region. this will be a test for the governor. it's a major damaging storming and governor desantis is the executive in charge. now look at this, a significant bounce for stocks after a string of sharp losses. the dow could be up about 250 at the opening bell and the nasdaq about 160 points, nice gains but the threat of recession and inflation have not gone away. the treasury market still suggests recession. look at this. the yield on the 10 year coming in -- sorry, that is the 2 year, 4.26%. the yield on the 10 year is well below 4%, that means that is a recession indicator. the yield on the 2 year, higher than the yield on the 10 year equals recession. that indicator still in p

stu.ward, we got in in time before they fired up the big engine in the background to drown out fox. >> the truck is back and it did kick up the moment i started talking, yeah. stu: i know it. i know it. they're out to get us, edward. we'll be back. thanks very much. congressman kevin brady is with us and he's the ranking member of house weighs and means committee. will the inflation reduction act cut inflation or make it worse? >> yeah, it will not cut it. it will make it worse, especially in the short term and there's no real deficit reduction or change in global temperatures either. look, for most persons, there's nothing to be celebrating about here. this is a very cruel economy under president biden. we see them skipping meals, having trouble making their rents or their mortgage payments. one out of four americans are delaying their retirement because they can't figure out how to make ends meet with the crushing inflation under president biden, and we are in -- i don't even think those

stu: all right.ny, let's wrap it up with the dow industrial showing a loss of sneerly 6 -- nearly 600 points at the opening bell and down at the board. >> that's an 800 point swing; right. they were up 200 prior to the report. report. stu: that's right. 7, 800 point swing. thanks, kenny. now turning to twitter. shareholders are voting today on musk's takeover bid. it looks like the deal will be approved, susan. susan: likely and elon musk has a 10% stake and he's the single largest shareholder in twitter and he hasn't voted either way. but look, there's 90% of other shares, 20% held by index funds and most likely it'll when approved at 54/20 because there's no second bidder. no other white knight has come through with an alternative bid. also important is that we do have the whistle blower, peter testifying in the senate. that's today. elon musk tried to use that severance payer to the whistle blower as a way to get out of the twitter deal yesterday and saying it was not approved by me and violates t

stu: mr.rney general, when you get those e-mails, i'm sure you'll take a look at them, would you come back on the show to tell us what you found? we'd appreciate that? >> we'd love to, stuart. stu, thank you, mr. attorney general. see you soon. more news about queen elizabeth. who is traveling to see her or to be with her? lauren: now the duke and duchess of sussex which are meghan and harry are traveling to see her per buckingham palace spokesperson. they canceled their attendance at well child awards, that are taking place today. stu: prince harry and the duchess. lauren: going to see his grand mother. stu: prince charles is there and prince william lives close by i believe. the royal family is gathering in this time. okay. check futures please, we're on the downside losing about 160 odd points for the dow. we're learning more about what may be gapless hawkish stance and that is pushing stock prices down.. ♪ stu: look at markets heading south. we have what appears to be some hawkish tone fro

stu, take it away. stu: good morning, maria, good morning, everyone. it's great to be here on this back to work and back to school day. there's a lot going on. i'm going to start with something positive. we have a market rally, big losses last friday, i'm going to call it a modest recovery this tuesday morning. the dow is going to be up about 180, up maybe 20 on the s&p and nasdaq took a hammering friday is up this morning make 68 pontos. not that much of a -- points, not that much of a comeback. bitcoin around 28,000 dipping to 19.7 as we speak. take a look at interest rates and yield on ten year treasury up to 3.26%. i got to tell you, the two year treasury yields more than the 10 year still forecasting recession. all right. forget the markets for a session, there is an energy crisis developing. russia has cut nat gas exports to europe through the pipeline indefinitely. no more gas till the sanctions are lifted and europeans are scrambling considering price controls and nat gas down a fraction and crude oil a little. in britain, the new prime ministe

"varney" & company is about to begin. >> hi, stu. this is carl porter from seattle there's quite a few of us here, and we just want to thank you for a wonderful show. you are all a wonderful team. ♪ we're the kids in america, everybody listens to the music around ♪ stuart: we are playing that song "kids in america" to kickoff this friday morning and here is why. house minority leader mccarthy and two dozen republicans have unveiled a mid-term election agenda. it is called the commitment to america. lawrence jones is at a diner in pennsylvania and he's been talking to top republicans about this plan, all morning. all right, lawrence. i hate to interrupt the breakfast that you're feeding to that calf, and i know that's what you're doing right now. this is a great show. lawrence: yes, so [laughter] so stu, this restaurant we're at today for the republicans to present their commitment to america is also a farm, and i haven't done this in a while since i was a kid, stu, so i just had to get into the action. i'm going to pass them on over

exercise, stu.elivery started in december just in time for christmas and you have to remember that peloton is struggling trying to restructure, founder john foley left the company, layoffs, store closures, plant closures also you have the ceo trying to turn the stock around which is down 90% the past year. six straight quarters of losing money, those losses are widening and sales are falling. stuart: would you bet on a recovery for peloton sales? >> no, i would put my money elsewhere right now. there's so many discounts the tech stocks have been beaten down so much, might be a bargain stuart: let me guess if putting your money elsewhere it might be going into ethererum orbit coin? >> maybe apple? stuart: you're a big apple fan and i know it. >> i just seen some of the orders and the analyst calls and i just think that it's going to do better-than-expected. stuart: you have two iphone 14s, right? >> i have a few, yes. stuart: you have a few? when are you going to get yours? stuart: we're going to mov

stu.right. queen elizabeth's image is everywhere, on the blue 5-pound notice, the bond a 1-pound coin and burberry jackets, the royal group has not announced the plan for king charles iii stamps. not forgetting there are more than 4.7 billion bank notes in circulation, 29 billion coins, and the transition for both money and stamps are expected to take several years, and the cost is a little uncertain. but the new coins alone could add up to around 600 million pounds to change a them. as for the companies, the whole royal warrants for providing products and services to the royal family, they can continue to use the queen's coat of arms for two years, and then they cae packaging. there are currently 836 brands that, indeed, do have royal warrants. stu. stuart: quickly, ashley, i was saying earlier that i wish i had gone back for the funeral and the queue. ashley: yeah. stuart: how about you? ashley: absolutely. watching that line, that 5-mile line, ask watching everything that's been going o

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we don't want to offend anyone, stu, right?ear this and mow it's stupid and offensive and erases women. and i know that it's so funny because so many people on the left can't even talk about this because they know that it's crazy and wrong, and they want to avoid the subject altogether. stuart: are you allowed to say i'm a man? are you allowed to say that? >> well, yeah. [laughter] no, you're certainly allowed to say you're a man. i'm not allowed to say i'm a woman because nobody can really define what a woman is at this point. birthing people for women is one thing. you never hear sperm producers for men, it's just not something that they do. and it's funny that these left itselfs enforce the patriarch key in this way. only women get erased. stuart: i guess in one way it's funny, and in another it's exasperating and incomprehensiv- incomprehensible, so i'll move on. disney's chief is speaking out about florida's so-called don't say gay bill. he says we certainly don't want to get caught. in political sub subterfuge, but we wan

i give it to you, stu, i trust you, you're a good guy.on't trust anonymous voice on the telephone. stuart: the pollsters have gotten it wrong in the last two presidential elections in part because of the shy trump voters would not become honest again. there is no real way they can get around that problem and become more accurate, is there? >> i don't really think so. at least not yet. the institutions that we normally have trusted have shattered any semblance of credibility so you know, somebody says, gee we ought to trust these pollsters, we ought to trust the media. you have done it to yourself. here what it does mean? it means don't pay much attention to the polls oh, the republicans are in trouble. i heard your interview with the congressman before. and i think he's right. this idea of we ought to be panicked as republicans are november, no, we shouldn't. we ought to make sure we go vote and you know, do as the democrats, vote early, vote often. stuart: governor i know you're a christian i know you're a practicing christian. i'm sure

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stu take it away. stuart: good morning, maria, good morning, everyone. here we go again, inflation coming in strong but so far, we've not seen a really strong market reaction. today is producer prices basically, business costs, up 8.7% in the last year. that compares to a 9.8% increase in july. so inflation is slowing. so look, here is the state of play on inflation. we've got 8.3% inflation at the consumer level. it's 8.7% at the producer level. what's the federal reserve going to do about this? they will certainly raise rates but when and by how much, all we've got is speculation. we'll be doing a lot of that. the dow down 1,276 points tuesday that was the seventh biggest point drop ever. this morning no real bounce up what 40 points at the opening bell. the s&p 500 was down 4.3% on tuesday. backup this morning by a mere 10 points that is all of a quarter of 1% and the nasdaq, that was way down yesterday. it's not way up this morning. minor league bounce of 44 points it was interest rate moves that shifted the market yesterday. here is where they stand

stu: it was henry iv. he suspen succeeded the throne e the age of 1. stu: we're following the hurricane and that's getting the attention and nerves building again in the southeast of the united states barreling towards charleston, south carolina and could make landfall in the next couple of hours. let's go to robert with the latest in fort meyers. >> reporter: yeah, neil, good afternoon from downtown fort meyers as governor ron desantis calls this area down to the barrier islands ground zero of hurricane ian, and to think that the power and the energy, it's still going and about to hit charleston, south carolina, but look at where i'm at right now, neil. if rick, my photographer, can zoom in at the depth and layers of the disaster here. these big vessels, boats that have been pushed in by the storm surge, and you can see the piers, concrete piers whipped around like dominoes as the boats collided and crashed into each other. downed trees everywhere. up and down this region. the road leading to the barrier islands, neil, down to fort meyers beach, and s

stu: it was henry iv. he suspen succeeded the throne e the age of 1.and that's getting the attention and nerves building again in the southeast of the united states barreling towards charleston, south carolina and could make landfall in the next couple of hours. let's go to robert with the latest in fort meyers. >> reporter: yeah, neil, good afternoon from downtown fort meyers as governor ron desantis calls this a

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"varney" & company begins right now stu take it away. stuart: good morning, maria, good morning, everyone. our hearts go out to floridians. they are facing a category 4 storm with 155-mile an hour winds. ian is heading for charlotte county. now that's just south of tampa. it's almost there, on the verge of arriving. governor desantis is warning of catastrophic damage and it will not be over soon. after hitting the coast, ian will tear through central florida and make its way to georgia. we'll track it throughout the show. our own ashley webster is right in the middle of it. there's a storm on wall street too. stock prices all over the place this morning. at one point, the dow was down over 300 points, now it's close to a gain of what, 115 points. that's a huge swing. real volatility today. the bank of england shocked the world just a few hours ago when it completely reversed course. it is now buying bonds. that means it's pushing money into the economy. that is the exact opposite of what our federal reserve is doing. the standout stock o

"varney" & company begins right now, stu take it away. stuart: good morning, maria, good morning, everyone. where do you start? putin mobilizes, biden addresses the u.n., the fed will raise rates, a quarter billion dollar pandemic relief fraud in minneapolis and aaron judge hits homer number 60. i think we better start with vladimir putin because he's rattling his nukes. he says he's not bluffing, and he's ordered partial mobilization of 300,000 reserves i'd call that escalation. what will president biden say about it? he's due to address world leader s at the u.n. in new york city this morning. putin will not be there. what will jay powell say about interest rates? he's due to reveal all this afternoon. the betting is it's going to be a 75 basis point hike. investors apparently approve if that's what we're actually going to get. the dow is up 150 points that's pre-market, s&p higher, nasdaq is up 60. here we go again, with treasury yields. the 10-year still well-above 3.5 %. the two-year, very close to 4%, you're now looking at 3.96 and

stu: which state has the most counties? >> lauren? >>> i'll go with florida.m going with texas. 254 counties. thank you for all the help and criticism. we're worse today at the corner and again, awful lot and this is looking like an awful month with these losses right now, we're looking at nasdaq likely to have only one more day of trading to go. down about 6.5% and the dow and s and p off similar amounts because interest rates are backing and you happen dow looks strong as i'll get at and questions about whether anyone can get out of the way of this economic freight train. ? the meantime, they're looking

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stu, take it away. stu: good morning, maria and everyone.his moment, florida's governor desantis is about to detail the preparations the state is making for the arrival of hurricane ian. it is currently a category 3 storm slowly moving past cuba toward florida's gulf coast. hundreds of thousands of people have been told to evacuate mainly from the tampa st. pete region. this will be a test for the governor. it's a major damaging storming and governor desantis is the executive in charge. now look at this,

stu: time is up. thank you very much, everyone. it was the bag pipes.charles iii will be addressing the nation in about app hour. he got a chance with his wife kansacamilla to meet crowds oute of buckingham palace. there's twin pressures on him losing his mother and keeping a stiff ummer lip for his country like the role his mother was in in 1952 shortly after her father died and had to deal with all that can and was just a wrong

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lieutenant colonel stu scheller. thank you for everything you've done for the country.moments, john federman is ducking a debate because of his health. still has time for a swanky hamptons fund-raiser. why that push in california for all vehicles to become electric by 2035 might just run up against reality. my "fox & friends" weekend cohosts, both of them, rachel campos-duffy and will cain, they have reactions in moments. stay there. >> pete: when you don't have an agenda to run on, what do you do? you dig debates, just like john fetterman. as "the angle" told you last night, uncle fetterman is digging his head in his hoodie and refusing to come out for the first debate against dr. oz in september, admitting that he's not up to it healthwise. where does that put him as far as serving the people of pennsylvania as a senator? he can't do one debate that he can serve six years in the senate? why should pennsylvanians believe he's up for the challenge until the end physically by the way, he should stop whining about dr. oz being mean for bringing up his health. >> may be yo

stu: which state has the most counties? >> lauren? >>> i'll go with florida. stu: i'm going with texas. 254 counties. thank you for all the help and criticism. we're worse today at the corner and again, awful lot and this is looking like an awful month with these losses right now, we're looking at nasdaq likely to have only one more day of trading to go. down about 6.5% and the dow and s and p off similar amounts because interest rates are backing and you happen dow looks strong as i'll get at and questions about whether anyone can get out of the way of this economic freight train. ? the meantime, they're looking at south carolina trying to get out of the way of hurricane ian hitting sometime later today and it'll reform as category 1 hurricane after demolishing much of florida. we're following all of that -- steve harrigan with the latest look at it. what does it look like now? >> reporter: no one has insurance and they're looking for the basics right now for medication and they can get water and cell phone and cell phone communication very hard to find at th

ashley: yes, stu would be mobbed. thinking about this student loan business. it would make sense if they forgive the interest and had everyone pay the original balance of the loan. it would be some help but wouldn't have so many people angry. that is pretty good. don't think it is enough for those people that are buried in debt. let's start with you. susan: for the tuition forgiveness why not funnel the money toward stem, science, technology, where we need the jobs, the education and keep the lead when it comes to technology. ashley: what do you think? lauren: i don't like to have the government pick winners and losers, make a deal, say we will forgive end amount of debt if you stay in this field for a number of years and you create a generation of people, heck with what i/o, someone will forgive it anyway. ashley: it is not. this one from george. george, maybe king george, england, united kingdom, british, british empire, why do they have so many name titles and when should a particular title be used? good question.

stu would have a fit. is very muted this morning, down just 12 points or thereabout at 30,165. the dow winners six minutes into the session, sales force. we talked about them. chevron, caterpillar, merk and dow all modestly higher. s&p 500 winners, energy names. we've got freeport, sales force again, valero energy all moving up 2 or more percent. the nasdaq winners there as well, alphabet up half a percent and russ stores up half a percent and cognizant tech solutions up sixth tenths a percent. ten year yield and see where that's sitting this morning and up a big 12 basis points at 3.65% right around there. that's not good for equities and gold up $10 at $1686 and take a look at bitcoin in the very volatile environment. it's up $850 and we're under 20,000 at just over 19,000 for bitcoin. taking a look at price of oil. up 3% or more at $8566 per barrel and natural gas down just a bit at $7.64. take a look at average price by the way for a gallon of regular gas across the country. down $3.68. but in californ

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stu? stuart: ash, many things.d of the atlanta fed warning people they could lose their jobs if we don't get inflation under control. watch this. >> inflation is high. it is too high. there will likely be some job losses. stuart: stephen moore deals with that coming up. >>> the white house insists the economy is headed for strong and stable growth despite the fed predicting a significant slow down. edward lawrence has the full report from the white house after this. ♪. then i got the dexcom g6. i just glance at my phone, and there's my glucose number. wow. my a1c has dropped over 2 points to 7.2. that's a huge victory. ♪. stuart: we're bringing you some of the prettiest shots from all around the country this morning. that is in new jersey, is it? indiana. >> they gave you a good song, cream, "white room." stuart: i remember that. clapton is god. if you like the music we play on the show follow us on spotify. look at the qr code. scan it and get free music. we've been business for an hour and we all turned green. th

stu. stuart: got it, ash. thanks very much, indeed.is under arrest, accused of hitting and killing a sheriff's deputy in florida then driving away. alexis mcadams is at the border in texas. alexis, what do we know about this migrant, and how did we met in the country? >> reporter: hi, stuart. good question. we know that he's crossed into the united states at least two times before this arrest, and one of those is right where i'm standing, in eagle pass, texas, walking right here into the country. but now he's back behind bars. take a look here, this is the mug shot we got a short time ago from that florida sheriff's deputy, deputy michael hartwick, a 19-year veteran of the pinellas sheriff's department. the police are trying to figure out how the man was approved to work at the construction site because he didn't have a valid license or the correct paperwork according to the governor's office. it happened at the florida construction zone on thursday night. deputy hartwick was there to keep the crew safe, but when he got out of the car,

looks to students, when i go stu medical delta, i saw the people making the house is really, really dangerous risk. it's salty water, the, the still quality is not good to and then is a 5 year you have to renewable form or some the brick couse and not should with this idea because the foundation in macon dealt thou like tougher really, sol. so if you don't make like a box put on the the, the land is moving, and the war some days will color newegg, so we tried something designed, they, hallman, and house, but the light, a mo, my house stick with people can assemble this to get the easy with policy, even the slow course that it should be comfortable in europe. and i wanna go. okay, no, no, no, don't it again, it's hard to think. i mean, you can look on the know more this bill today with the company bill goal more, you know, go cost of the thing of this product. this is the process, the process we create this even smaller how, but neural but low cost, but fit with miracle. now that these are telling a guy, not the dylan, the beauty of a structure. we just have small amount of money. and then how

what does she thought the order of this stu curse? very good, dora. so nanny, dudgin, i'll go to the scott. if you are sorry. yes, i disco. curos theory. most agony, i latoya, doyle is journey you, monsieur. the mother you and i discussed with scott bennett is a leading counter terrorism expert and a former u. s. army analyst, you now investigates, crimes against humanity. ah, the american indians, who are seen as a scourge as a social pariah, that needed to be expunged, expelled and exterminated from much of on the eastern seaboard poisoning blankets with small pox. with this virus that caused the eruption of stores and death upon the american indians. blankets were distributed to indians at military installations under the guise of helping them ah one out of the thousands that unit 731 killed only 8 names have been preserved in history. 6 chinese and 2 russians. a red army. so jekyll dem shanker and maria ivan over with her 4 year old daughter when women and girls became too weak and no longer fit for further experiments, they will put into a specia

stu, take it away. stu: good morning, everyone. we're waking up to disaster in florida.. meyers took the worst of it and the sheriff of lee county to the south of ft. meyers saying there's hundreds of fatalities. ian is now a tropical storm slowly making its way towards georgia, but its dumping feet of rain as it goes. for eastern and central florida, it's the water that's the problem. for the next three hours, we'll show you

stu went vincent, if i recall correctly gets on the bench and then leaves the bents right? and goes back into bureaucracy. and then is nominated for supreme court, not as an appellate judge but as a cabinet member, right? >> he is on the bench. he nominated franklin roosevelt to the court of appeals. it was seen to this day and accurately so the second most important federal court in the united states. and then world war ii breaks out, franklin roosevelt says i need you. frankly vincent is here to get off the bench and participate more actively in the war effort. world war i america's involvement when the war ended just as vincent had finished basic training. he felt like he had missed out or world war i. so we wanted to contribute now in his later years in world war ii and a more direct manner. so he left his lifetime appointment with tenure in the pension and everything that comes with it agreed to become a cabinet member for franklin roosevelt hopscotch two different jobs. they stopped holding confirmation hearings for did stop holding votes for vincent. the white house

when i go stu midcom delta, i saw the people making the house is really, really dangerous risk. it's salty water, the, the steel quality is not good to and then is a 5 year. you have to label full on awesome the brick couse and not with this idea because the foundation in mccomb dale that like tougher really soft. so if you don't make like a box put on the the, the land is moving and the war some days will color with. so we tried some design, they hallman, and house, but the like a mo, my house. it, people can assemble this to get the easy with policies, even it's low cost that it should be comfortable in europe. and i wanna go. okay, no, no, no, don't it again, it's hard to think on the go, god, be no more. this bill today with the company bill goal more, you know, go costs of the thing of this pros, a base in the process. the process we create this even smaller how but neural but low cost, but fit with miracle. now that's is our challenge. but give a guy not the dylan, the beauty of a structure, we just have small amount of money and then how we can do with and we need to that

stu varney was just saying that last week. susan: right. and do we want to picture stu in lycra?san: the he's the lysol brand box, he's a former pepsico consultant. howard schultz picked a complete outsider from the company. he's known as a person that can turn the around a company, and that's actually what he did for the lysol parent. starbucks is going through a difficult time, slowing sales growth, union drives, high inflation. schultz will stay on until april next year, so this is a long transition period for this handoff, but the stock is down 25% this year. underperforming the rest of the market. so, yes, they need somebody to help turn the company and the stock around. ashley: very good. all right, let's take a look at apple. are they now the number one smartphone in the u.s., susan? susan: yeah, and it's pretty dramatic. we're talking about 50% market share, overtaking android. you have to remember that android is used in samsungs and pretty much if every other smartphone on the planet that apple doesn't make. so the fact that apple has surpassed android is a big deal and

you said, be external put stu, shit like issue abroad, but i don't know what's up or just local sto, carrillo, our minute shall ish with shut q g. so with a ah, and he was help with that, but just to shut down was she'll, i'm probably out as a new student or leave me a good choice. bring us go to ward less really of slip by the way she told me and just look up. i just wish music channel music me yesterday chef can choice this reporter news little when you can use them for all those places. you can you look for you? bravo, b, gather pussy. marsha grier ski. the little would you? she a little glass. you could g does. did really, you know, my don tomblin onto my, them. you put out there or, you know, to shut up, shift anybody out. but the most affordable i'd also like to for the thought of the movie to go, just go with people. don't feel clean. you look a diesel to put your america photo. what that we should i thought i was it's i know i've got a little green when we get those, you know what you'll end up with talk about could be poorly. i used to shift even good as yet, but she them, t

so stu gave me a great story, you know, he was known for that menacing glare and batters were actuallyme that started by accident when he was with the dodgers. he was coached by the legendary sandy koufax, and he couldn't get the ball down. so koufax told him lower the the cap keep lowering it lowering it and so you could just see his eyes and that so he could only see the catcher from there and that enabled him to get the his pitches down and that was the start of the menacing glare as he looked down. that's all he could see is that much so that's interesting. yeah. yeah. he's great. it's gonna be fun on sunday. yeah. thanks larry. coming up tonight on abc 78. it's shark tank followed by 2020 at nine tonight. it's a special episode queen elizabeth passing of the crown then don't miss abc 7 news at 11:00 and you can find a collection of historic footage from queen elizabeth's only visit to the bay area on the abc 7 bay area app. it's available to download for roku and other devices. well, finally this friday a few thoughts about what really matters with the death yesterday of queen eli

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