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tv   Varney Company  FOX Business  February 17, 2023 9:00am-10:00am EST

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i don't want anymore of this story. i'm giving the balance of my time to greg. maria: greg, go ahead. >> todd is pumping me up here. i love chocolate. for full disclosure, i love dark chocolate and when i eat chocolate i'm eating the real thing. that's all i have to say on it. maria: and you probably don't want it made by a 3d printer i would imagine. >> absolutely not. maria: newt gingrich final word from you. its been a great honor to have you this hour, newt. >> look, i have a deep prejudice and i learned how to swim in hershey pool and i'm totally for hershey and i don't think it's about to go to 3d printing of non-chocolate chocolates. maria: yeah, good point great to see everybody this morning thank you, greg, todd piro and newt gingrich. have a great weekend everybody i'll see see you tonight on wall street and sunday on "sunday morning futures", "varney" & company picks it up here. stimulus take it away. stuart: good morning, maria,
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good morning, everyone. what's upset the market so much this week? answer. inflation. it's not going away fast enough and the federal reserve is taking note and talking tough. this is not good for stocks. look at this. the dow industrials on the downside to the tune of about 100 points at the opening bell. same with the nasdaq, down roughly 100 points. this continues a week of selling that we've seen largely throughout the week. watch out. interest rates staying at what we might call elevated levels. the yield on the 10-year treasury going all the way up to 3.88% this morning, and the two- year coming in at 4.67%. not good for stocks especially the nasdaq. politics. the biden team heavily criticiz ed for the response to the ohio train derailment. overnight, fema turned down a request for emergency aid. transportation secretary pete buttigieg tweets about the toxic spill in part blaming trump but has had no plan to visit. ohio republican senator j. d. va
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nce shoots a video of chemicals bubbling up in a local stream. local people, not happy. the president breaks his silence on the shooting down of those objects in the sky. he says it was not an over reaction, but he seemed angry with the reporter, who asked him about his business dealings in china. he said the reporter was not polite. on the corporate front. disney employees not happy with ceo bob iger's back to the office order. over 2,000 employees have signed a petition asking for a rethink. on the show today, the only company licensed to manufacture lsd and magic mushrooms, and real trouble at cnn. don lemon didn't appear on his show this morning. it's friday, february 17, 2023 great to be back. "varney" & company is about to begin.
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♪ ♪ stuart: everybody's back. lauren: back street boys on a rainy friday. stuart: it's a good selection, it really is a great thing to be back and i want to thank ashley and lauren and susan for all of the hard work they did while i was lollg-gagging -- lauren: we were happy to pitch in and we missed you. i know ashley did. stuart: president biden finely spoke about the flying objects shot down last week. he made it clear three were not related to the chinese spy craft hello, again, lauren. did the president answer any questions? lauren: you didn't miss anything here. he completely refused to answer questions. i'd call it an underwhelming press conference and he could have issued a press release a week ago. the tension in that room with reporters was very palpable.
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listen in. >> thank you very much. >> [overlapping speakers] reporter: mr. president, sir, there's been criticism that this was, there's been criticism that this -- reporter: compromised by your failing business relations. reporter: sir, mr. president -- >> give me a break, man. lauren: it's not about being polite. there's a lot of questions answered i listened to that a bunch but the last question. are you compromised by hunter biden and your family's business dealings in china? and he said come on, man, he walked away. stuart: he does not want to address that issue and will not. lauren: he job is to answer the questions of reporters when he finally addressed it a week later. stuart: by the way, president biden told nbc last night, i think the last thing that xi, as in xi-jinping, leader in china, wants is to fundamentally rip the relationship with the united states and with me. look whose here now.
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will cain, rachel campos-duffy joining me. i want to start with you, will, if i may. do you think xi really cares about preserving relations with biden? >> will: no, i do not. i think you can judge a person by their actions and it's not simply, stuart, flying spy balloons over the united states of america. in every way i think we've seen that the chinese do not take any type of american strength seriously, whether that's our dependence poncho's products chinese pharmaceuticals, chinese apps or their ability not just attempt but their ability to pedal influence through the highest levels of american government. there's nothing in their actions that suggest, stuart, they take any sign of american strength seriously. stuart: rachel, do you think there's a reason biden is playing nice with china? you think china's got something on our president? rachel: yeah, you know, i've not been shy about saying that i believe joe biden is compromised nothing else makes sense. it's so interesting as you ask
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the questions. it's like i want a president who after the things that we saw happen over the last few weeks isn't caring about what that relationship is, that he's caring about protecting us and it's very clear he's either compromised or there's some sort of corporate influences that are saying he want cross the chinese, whatever it is, i can tell you we've been here in this diner. the number one thing we've been hearing from people all morning long is i don't feel safe, and that has fundamentally the role of the president, to keep us safe if nothing else. stuart: i'm going to change the subject completely. listen to this. don lemon attacked nikki haley after she announced her candidacy. all right, now watch this. roll it, please. >> i think that it's the wrong road to go down. she says people, you know, politicians are something not in their prime. nikki haley isn't in her prime, sorry when a woman is considered to be in her prime in 20s and 30 s and maybe 40s. that's not according to me. >> wait. prime for what? >> it depends just like prime
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if you look it up, google when is a woman in her prime it'll say 20s, 30s and 40s. i don't necessarily agree with that so i think she has to be careful. stuart: dig yourself a hole there, son. lemon had to apologize quickly on twitter saying the reference i made to a woman's prime was irrelevant as colleagues and loved ones pointed out and i regret it. a woman's age doesn't define her either personally or professionally. by the way, rachel. don lemon did not appear on his show this morning. what do you read into that, rachel? rachel: well, listen. i'm all for free speech. if don lemon wants to say that i'm okay with that. it just shows a fundamental misunderstanding about how women are living today. i mean it's really obvious that, you know, 50 is the new 30. i mean i was just up in an f-16 yesterday, so i just think it just shows his ignorance about women, not a surprise coming from don lemon, but you know, you saw rihanna just last week
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performing pregnant. things that people never thought women could do before, because of health, because of, you know, changes in our culture, women are able to do all kinds of things and by the way i'll let you know that we made thunder bird history. i was the first woman with nine children to not only get in the f-16 but to hit nine g's. >> will: talk about prime. she did nine g's yesterday, stew art. today she gets in a race car and goes around the track at the daytona 500. stuart: that's why you're there isn't that? rachel: take that don lemon. [laughter] stuart: you're there for the daytona 500 this weekend, right? give me a preview? >> will: that's right. we'll be talking about it all weekend long on "fox & friends" and talking to drivers, owners. we'll have a great time. we've been hacking out at this diner called "racings north turn" in daytona beach. stuart, it is the super bowl of nascar and kicking off the season you can only see it on fox.
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rachel: watch all weekend, we'll be here. stuart: guaranteed i'll be watching that one. thanks very much, guys see you again real soon. good luck going around that track. rachel: goodbye, stuart. stuart: what have we got now. we've got something else for you we have a weekend, we've got, um , okay let's get to back to the market. that's my fallback position. whenever you're a little confused i'm fresh back after two weeks away, what do you do? let's go to the market. always guarantee to have something on your screen. look what we've got. red ink, i'm afraid folks down 100 for the dow, down 85 for the nasdaq. kenny polcari is here. all right, kenny. let's get right into it. hot inflation reports this week. are we going to see the fed be more aggressive on rate hikes again because of inflation? what do you think? >> well, listen. i think it's a very real possibility and you and i have been talking about that and that's one of my fears is that they were going to ease back and inflation would rear its ugly head forcing them to have to get aggressive again, just like
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they did, i hate to say it, 1979 -1980 it's the same playbook all over again so my fear is that maybe yes, they've been floating that 6% rate out there now as a terminal rate for a couple of weeks because they want to put it out in the public square, so that people start to think about it and start to recognize it as a real possibility, and in order to get there and get there quickly, 50 basis point move wouldn't necessarily be out of the question, as defined yesterday by both bullard and nester. stuart: that's what's hurting a market, a 50 basis point rise in march, that's what's spooking everybody. >> yeah, but listen to this you pointed out two year and 10-year treasuries. just look at the six-month and one year, yielding over 5%. stuart: yes. >> short-term money so if you're nervous about the market over the next three, six, nine months you put your money in six -month t-bills and roll it for a year you'll get better than a little over 5%, so that's going to provide a little bit of
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headwind as well for stocks. stuart: you know we've got on the left-hand side of the screen the 10-year treasury yield at 3.8%. i can't put it up at this moment but the yield on the six-month treasury bill is over 5%. that's extraordinary inversion, and what an opportunity because you buy a six-month, you hold it to maturity, you don't lose a time, you get some interest, and you get a tax break. what's wrong with that? >> right. right, so what you have to understand is when they say that it's yielding over 5% on an annualized basis so if you hold it for six months you get half that but if you roll it , take six months and roll it for six months you're getting 5% and to your point it's guarante ed. like there's zero risk. stuart: i like to have a good nights sleep on that and i'll try it. kenny polcari you have a great weekend young man and we'll see you again soon, okay? >> you as well. stuart: coming up transportation secretary pete buttigieg appears to minimize the disaster in east
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palestine, ohio. roll tape. >> there's clearly more that needs to be done because while this horrible situation has gotten particularly high amount of attention, there are roughly 1,000 cases a year of a train derailing. stuart: what are you doing about it? it took him 10 days just to speak out about the derailment and then the war in ukraine. the new york times says the russian advance does not seem to be going well. lt. general keith kellogg is here. what are the odds of a ukraine win? that's next.
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stuart: we are approaching a one year mark for the beginning of the war in ukraine. now according to the new york times the russian advance in ukraine has become a slow grind, not going well at all. lt. general keith kellogg joins me. ukrainian forces have reclaimed over half the land originally taken by the russians. is there an opportunity here for ukraine win? what do you think? >> yeah, stuart first of all thanks for having me. the direct answer is yes. i just came back from a trip to ukraine where i spent two weeks over there where it's called a zero line or line of contact primarily in the eastern part of ukraine, talked to military commander, civilians, civilian leadership, talked to american volunteers fighting over there, and right now, today, i would give them the ukrainians a 60/40 shot at winning this fight. the military in russia has committed 97% according to ben wallace the secretary of defense , 97% of their force we
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see about 80% of the russian army is committed in the field. if they get the equipment we have been told they are going to get and we give it to them now i believe this goes to 90% proposition we'll defeat the russian army. that's critical. if the ukrainians can defeat the russian army in the field that takes an american adversary off-the-field and changes europe for generations to come but they need it soon and there's ways to get it to them and making sure they have an ability to fight. the russians have been terribly mauled. they cannot fight combined arms. they are in their fifth commander in the field within a year. they've lost a lot of senior field commanders and a lot of very very good first-line of equipment, so the ukrainians have a good fighting spirit. what i saw over there is their willingness to fight. they aren't going to negotiate, stuart. they just aren't going to go there and neither are the russians so it's a fight to the finish. i think this spring and into the summer, you're going to see two major offensives.
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you'll see an offensive from the russians to try to regain the offensive that they had early in the start of the war last february and you're going to see the ukrainians have an offensive as well. i predict the ukrainians will fight in the south. they are going to try to isolate crimea if they cut those lines and get near crimea it'll force the russians to look south and they could be defeated. i think the russians are going to try to fight through the don bask and shoot for some type of peace. ukrainians won't go there so i'll circle back. i think the ukrainians have a wonderful chance to win this fight. they don't want americans there. they just want the equipment. we give it to them they can win this fight and change this world as we know it. stuart: a quick response if you would, general, to this. president biden updates the three objects that were shot down last week. roll tape, please, real fast. >> we don't yet know exactly what these three objects were but nothing right now suggests they were related to china's spy balloon program or that they were surveillance vehicles from other any other country.
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the intelligence community's current assessment is that these three objects were most likely balloons tied to private companies, recreation, or research institutions studying weather or conducting other scientific research. stuart: now the president also claims that shooting down the initial china spy craft sent a clear message about america's sovereignty. general, did he send a clear message about america's sovereignty? >> yeah, he did. he sent a very clear message that we would react very slowly. we would not make rapid decisions, and we would let an adversary traverse our shores from west-to-east with a spy balloon and then shoot it down. he showed tremendous weakness. i really question if there were adults in the room, in the situation room he said he brought in and look, i would ask the question. what were the rules of engagement on balloons if it flies it dies? it's really stunning to me they shot down three basically weather balloons, or
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industrial balloons and shot down one spy balloon that was an overreaction. there's ways they can handle that. i question all of the decision-making involved in the balloon from the chinese balloon all the way to the secondary effects of taking down weather balloons industrial balloons. it doesn't give me a lot of confidence in their decision-making at all. stuart: it does seem the administration is on dis array on certain issues that are important. general, thanks for being here. see you again real soon, general >> thank you, stewart. stuart: missouri senator josh hawley, well he was giving a speech on foreign policy yesterday. he was interrupted by a climate protester. take me through it. lauren: he was talking about the threat of china as he called it their massive and modern military, potentially invading taiwan, when that woman, a climate protester jumped on stage and said this. >> you have the largest military in the world. we've spent over $1 trillion every year and your state of missouri is over half the people
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are in poverty. china is not our enemy. lauren: did you see his face? he was sort of laughing, but then he addressed it. he said yes, the biden administration is using the climate crisis to set its agenda, and as a result, we often ignore real threats, like the spy balloon, that took a joyride over our military base before we shot it down. also china is our enemy even on the climate front because they are the world's biggest polluter stuart: the protester did him a favor. lauren: a huge favor and he ran with it. check out his twitter this morning it's funny. stuart: this is for you. two senators sounding the alarm on trusting tiktok to protect the data of users in america. tell me more. lauren: its senators blumenthal and republic an kansas, they wrote a letter to the treasury secretary janet yellen and they say tiktok is a risk to national security and consumer privacy. they want cifius to impose " strict restrictions" on tiktok
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including potential separation of u.s. operations from the china owner bytedance. i read this letter. it was convincing and i learned stuff that i did not know. it spoke about how bytedance actually employs about 300 workers who once worked for chinese propaganda organizations, and china admitted last year they had their staff spy on the private data of journalists who were critical of tiktok to find out who their sources were. stuart: not good. lauren: strong letter. we'll see if they get a response they are looking for. stuart: let's check futures please. we've got about seven and a half minutes to go to the opening bell. got some red ink but not a whole lot of it. that's futures. the opening bell is next. ♪ baby you're a rich man ♪
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stuart: all right the futures point south but not that much, down about 100 on the dow. david bahnsen back with us this friday morning. we've got two hotter-than-expected inflation reports this week. is that the big problem for stocks this morning? >> well, no.
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i don't think there's a big problem with it. you have to remember, the stocks are up huge on the year. it's a bigger issue with bonds. you see the bond yields have moved up especially on the shortened of the curve, six-month, one year, the highest yields they've been in about 15 years, but in terms of the stock market, it really has more to do with what's going to happen from higher rates. are we going to get a recession and how severe of a recession will that be? that's the bigger open ended question with stocks. stuart: you're our dividend guy and as usual, you brought along some stocks that pay a strong and rising dividend. first off, you've got chevron. make your case on chevron, please. >> yes, so chevron and it's going to be a similar story to exxon so we can kill two birds with one stone. they both have been paying a dividend and growing the dividend for decades through really bad periods, through inflation, deflation, war, covid, and right now, both dividends are in that 3.5% range
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and i just want to remind people that there is so much geo political instability. energy becomes not just a way to make money as it has for the last couple of years. it's a great defensive hedge against russia, iran, china, some of these crazy things happening in the world, stuart. stuart: and the other one is i thought it was umi. what's the full name? the midstream energy. tell me more about that because i think that yields 5% doesn't it? >> it does, and it's growing rapidly. it's 5% now, but it's really about 8% from what people would have bought it at over a year ago. it's just up a lot, and it's these pipelines. it's the people that are transporting, and storing oil & gas. that's less volatile than, you know, your exxon and producers. it's a great yield and we have to build-out our energy infrastructure. i continue to make this point. midstream energy is an under- owned asset, very attractive. stuart: so for david bahnsen at
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this moment, the best place for your money for this year is energy. still, correct? >> no, i would not say it's the best place. it's a place, but you have to be diversified. energy may not be the top performing sector this year. that's just different than saying it's going to be the bottom performing. i think it belongs in the portfolio but you need to have me on for the whole three hours to tell you everywhere to put your money. stuart: [laughter] if you aren't careful you might get that. by the way i think you might have moved the market. umi went from red-to-green as you were speaking, and as we detail the 5% dividend there. there you go it's up this morning. hey, david, thanks very much, sir. we'll see you again real soon. got it. ten seconds to go. >> [opening bell ringing] stuart: we are expecting some selling at the opening bell. where we end the day, i have absolutely no idea. look at this. we're off, we're running and at the moment the dow is, well we've opened with a loss of about 100 points of the dow
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industrials, that's a little less than one-third of 1%. i see some winners top of the line there cisco, coke, walmart, caterpillar and quite a few losers as well. the s&p 500 opening lower to the tune of a half percentage point and the nasdaq composite opening lower to the tune of two-thirds of 1 percentage point. all the big tech names are down. alphabet, amazon, apple, meta platforms and microsoft are, they're all losing this morning, at least in the early going and then we've got tesla. let's get right to that. susan is with us this friday morning. >> good morning, welcome back. good to see you. stuart: they have been having trouble with the self-driving bit haven't they, big time? >> i love the english terms, yes. that self-driving bit. well you know, so elon musk says he wants wall street and buyers to be clear. this is not a recall of 362000 cars. this is just a software upgrade over-the-air, so he tweeted this saying the word recall for an over-the-air software update is just flat-out wrong,
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exclamation point so the highway safety folks issue what they say is a recall on their website, model x,y, 3, s' some going all the way back to 2016 and they have concerns over full self- driving which is like their autopilot so it's cruise control plus. you're not supposed to take your hands off the wheel. it's not self-driving. it still could cause crashes with unsafe actions at intersections. maybe they are using the wrong lanes, going through and speed ing through yellow lights. still that had an impact on the stock yesterday down about 6 % even in the after-hours i saw , but you're still up 64% this year and i think yeah, you're almost close to going positive right now. you've doubled your money by the way in a month's time. remember the lows at 103 when i thought stu "varney" could buy in? if you did you would have made 100%-plus at this point. stuart: another one that i missed what can i say. >> you like to bargain. stuart: i want to get back to meta. am i write? are there more job cuts at meta?
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>> this report in the "wall street journal" is indicating that, that we're probably going to see another round of layoffs after 11,000 job cuts last year, so the journal reporting that the parents of facebook, instagram, what's app, meta giving thousands of its workers sub-par performance reviews. around 10% are under performing so right now meta employs around 70,000 so can you imagine another 7,000 job toss go? this is also a year of efficiency as mark zuckerberg said on the earnings call so he needs to preserve cash and why the stock is up 40% on this year they already said they likely will do another round of layoffs if the under performers don't go on their own, and they have been , you know, pretty pressur ing the middleman agers saying if you don't get back to making stuff just leave the company. stuart: it's kind of tough isn't it? you have a performance review and if you're under performing 10% of you could be out? >> well can you imagine though your stock is down 70% like meta was last year and so they are guiding actually for sales to go
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up this quarter and why we see the resurgence in meta because it's just too cheap according to a lot of analysts at less than 10 times earnings. stuart: quite a few meta employees when they sign on get a stock grant. a stock option. >> that's correct. stuart: a lot of them will be under water on that. >> depends on when you bought in because facebook mentioned more billionaires except for two other companies on this planet right? stuart: yeah, i find performance if i say so. who is bullish on roku because the stock is nicely higher. >> yeah, so we have a double upgrade but here is the reason why i'm talking about roku. let's talk about the stock first of all. yesterday it surged about 25% on those better earnings and it's worth $85 according to bank of america, worth buying for your portfolio. already up 28% this week. this week. stuart: this week? >> it's up 73% on the year. earnings were huge 87 billion hours streamed and increased users by 20 million last year, 100 million americans like stu, do you have a roku or what do you use to stream? this is dangerous territory isn't it?
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stuart: yes, very dangerous territory. >> okay. stuart: i get my daughters to come and put the tv on to the right place so i can see it. >> okay so no idea. it has to be a roku if it's a set top box or apple tv. i don't see you using apple tv but the reason why roku is important to amc earnings is because amc networks just reported higher revenue operating profit, sure still losing money overall but there was a rumor that roku might be buying amc networks and that's why amc rallied yesterday. i quickly want to talk about dee re, since we were talking about earnings with the focus on live television. stuart: i was trying to say do i have apple tv on my phone. >> so deere did better on the top and bottom lines here, great report card, doubling the estimates on wall street for their report card and raising guidance as well. stuart: well that's great. i have a john deere tractor but i don't have apple tv on my phone. >> so its got to be roku. stuart: now doordash, i know that they said they have got their best quarter ever, but they lost a half billion dollars
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>> i agree with you so there are different ways to look at this report card. apple tv plus is an app, we're talking about the actual hardware, which you need an actual device to stream on your tv but we'll correct that later on. anyways, as i mentioned to you, doordash is a bifurcated type of earnings report because i agree with you. the quadruple losses from a year ago but the thing is wall street is looking past that so you're losing four times the money you did the year before, subscriptions went up by 50% for dash pass, that's 15 million paying each month into doordash, and sales also jumping the final three months so they did better as well and they're guiding for cash flow to be up 100% from last year and you know they are also buying by 750 million shares as well. always buybacks. stuart: 750 million? >> that's what i saw, buying back. and the stock has underperformed so far this year because the nasdaq is up 16%, the stock is down by one-third. stuart: quickly on draftkings they should be doing well.
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>> they are doing very well and you'll be talking to the ceo later on in just a bit but here is a beat and race. i mean, beat by a lot so they lost 50% less money in the final three months of last year. they said sales did a lot better , 21 states now legalized betting and you had multiple upgrades this morning. i saw morgan stanley going overweight on the stock worth $ 20 in their view which is we're up 14% in the session and i look forward to hearing what jason robbins says at 10:50 a.m. this morning. i'd love to hear what he says about the super bowl because you know it was going to be a record breaking super bowl betting event. as i mentioned 21 more states legalizing online betting. stuart: that'll help. susan great stuff. thank you very much indeed. good to see you we'll figure out apple tv. >> it's a device by the way. there's an app too. stuart: i could have swore it was on my phone at one point. >> it's not on your phone. it's a separate device you need to stream. [laughter] stuart: are you getting upset with me? >> no i'm trying to explain it to you. i just don't think you're listen
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ing to me. stuart: that's true i wasn't. susan you're all right i don't care what they say, you're all right it was a record breaking super bowl, as we just discussed the sports books did very well, as we said before, draftkings ceo jason robbins will be here a little later in the show. a 24-year-old woman from florida speaking out after she fought off a man at the gym in her apartment complex. watch this. >> she's strong. >> in my head, you know, when it was happening, i wasn't really fearful at all. in my head it was just i gotta fight him and do something. stuart: that's a powerful message and we'll bring it to you, a little later in the show. look at this , an op-ed. i'm a physician and the ohio train derailment has created a serious public health crisis. dr. nicole saphier wrote that and she's here to explain why she's not sure the residents should go home yet. we'll be back. ♪
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stuart: all right the markets have been open for 12 minutes and we've got 100 point loss for the nasdaq and 120 point loss for the dow jones average. continuing some of the selling which eve already seen this week transportation secretary pete buttigieg heavily criticized for crying to downplay the severity of the train derailment in ohio. all right, lauren. what comments did pete buttigieg make? lauren: several. he hasn't gone there, i think that might be the biggest thing and then the minimizing of the situation repeatedly. watch this exchange. >> look, it has evolved a lot over the years but there's clearly more that needs to be done because while this horrible situation has gotten particularly high amount of attention, there are roughly 1,000 cases a year of a train
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derailing. lauren: oh, yeah, this happens every year, all the time. but he doubled down. that was with yahoo finance. there was another interview he did with a local tv station and i watched it over and over again the anchors question was, hey, when are you going to east palestine and he gave the same answer you just heard about there being 1,000 train derailments a year, meaning, he's not going, and that's just not sitting well with the people who live there or with senator marco rubio. he wrote a letter to president biden saying you've got to fire this guy. let me quote a little bit from the letter here. he refused to acknowledge the disaster in aerosols until his intentionable ignorance was no longer tenable, and he continues to deflect any accountability for the safety of our nations rail system. i do not have confidence that he's capable of keeping the american people safe, and this is just the latest transportation debacle. the flight-mares that happened
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over christmas, there's many so at this point what's going to be done about it? stuart: his performance has not been good on-the-job. lauren: over and over again. stuart: i'll leave it at that. the epa administrator says the water in aerosols, ohio is fine to drink. >> as a father, i trust the science, i trust the methodology that this state is using and as a parent i would , but if those homes have been tested or on private well water i would advise that they get those homes tested and continue as governor dewine and the state health department recommended. continue with bottled water until the homes get tested. stuart: dr. nicole saphier joins us now. the government says tests show no contamination. do you think ohio faces a serious health crisis? >> well, that's actually not entirely true. they aren't saying there's no contamination. they are saying at this point, there's no more evidence of high level contamination which would indicate there probably is some low level contamination, but
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through water filtration, they are also using activated charcoal that continues to clean out the water, they are saying any level of contamination is low enough it's safe enough to consume. stu, i'll tell you as a physician, a mother, i still have very major concerns here. i personally believe they allowed the residents to go back a little too soon. there was still a lot of tests pending. there are still water and air tests pending for certain chemicals that we don't have the answers to and it's not just about the drinking water. yes the majority of people are on the municipal city water which they are saying is safe enough to drink, but what about people taking showers, making formula, mixing formula for their children and drinking water for their pets and the people living in the private homes? at this point until they can ensure 100% that all of the water is safe enough to be in contact with, and not just once but over a long period of time i don't think it's appropriate. stuart: doctor, the president had a routine physical yesterday his doctors say he is "fit for duty" but a doctor for
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former president obama says biden is"not a young 80" and by the way, doctors say that that physical of the president did not include an evaluation of his mental health status. sort it all out for us, please. >> well listen. it is hard watching anybody getting older. it's just a fact of life but to question someone's mental fitness as they get older is not ageist, it's being a realist and when it comes to someone in his 80s you have to ask those questions. about 10% of people in their 70s have some sort of cognitive impairment or dementia and that number increases the closer you get to 90 so at this point as we are talking about our president, the person supposed to lead the nation it's one thing to check the boxes saying he is physically fit for office but what we really need to know is he mentally, cognitively fit for office and with natural aging, it will continue to go down, his cognitive, his cognition as he gets older.
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that's just a fact of life. stuart: yes it is, thank you for joining us this morning. democrat senator john fetterman has checked himself into a hospital to treat clinical depression. what more do we have? lauren: it was voluntary and his chief of staff says in part last night the senator checked himself into walter reed to receive treatment for clinical depression. it only became severe in recent weeks. the senator is getting the care he needs. he spent three days in the hospital. that was just last week, for lightheadedness and they did tests. no second stroke. that's good. he did return to work on monday, and now he's seeking help once again. look, this recovery process from the stroke has been very hard for him. he's had depression in the past. he's always treated it, come through it, and this is the latest. i think people are rooting for him here. stuart: the question is, how does he vote in the senate if he's in the hospital with clinical depression? lauren: well he's not in the
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hospital for clinical depression, i don't think. he's just getting treated. stuart: okay. there's open questions here. i'll move on. the family of bruce willis updated everybody on his health battle and now this is a tough update isn't it? lauren: remember last year he was diagnosed with aphasia, a brain disorder that affects your communication? it has progressed unfortunately. he now has what they call ftd, f rontotemporal dementia. it's a cruel disease and there's no treatment. his family says challenges with communication are just one symptom of the disease bruce faces and while this is painful, they say, it's a relief to final ly have a clear diagnosis. if he could today, he would want to respond by bringing global attention and the connectedness with those who are also dealing with this debilitating disease, so this could impact walking, working, speaking, writing, communicating, understanding. he's 67 years old, and through all of this , you see his ex-
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wife demi moore, and his new wife of 14 years and their five daughters just rally together behind him and it's really beautiful. stuart: that is a fine thing. coming up don't forget to send in your friday feedback not too late. e-mail your questions and comments and critiques to varneyviewers@fox.com. several gas stations blasting opera music to keep the homeless away. jeff flock is at one of those stations. he will tell us if it's working. checking with him, after this. ♪ ♪ kids are so expensive, dad. now katie needs braces. maybe try switching your car insurance to progressive. you could save hundreds. i don't know, dad. ♪ maybe try switching your car insurance to progressive. you could save hundreds. that's a great idea, tv dad. but i said the exact same thing. some day when you're a father, you'll understand.
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stuart: some gas stations in philadelphia are blasting opera music to deter crime and keep the homeless at bay. jeff flock is at one of those stations. all right, jeff. you like the music? have you got a headache yet? tell me more. reporter: [laughter] that's the speaker up there that's blasting it. you probably can't hear it as well because it's in the rain but i'm not sure if that's perci ni, perhaps you would know better than me, stuart but i can tell you some, whether it's the fat lady or
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the fat guy is singing and i hope that's not politically incorrect, and that i'm just quoting yogi berra, but as i digress, this station and some others are playing music because they had too many people loitering out here, and panhandling and it was scaring the customers off and so, they started playing music that they felt would discourage that and i guess in philadelphia that happens, wow, they are really over there, happens to be opera. so this isn't the only business that's been plagued by this. take a look. we surveyed around the country multiple businesses and multiple states employing music to try and discourage loitering, and crime from their businesses, because as i said people are being scared off by people hanging out there. in philadelphia, if you take a look at the numbers, some crime is down but property crime is again on the rise here in philadelphia.
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maybe you see if we come back live here, a sign posted right on this gas pump. safety concerns and complaints have caused them to say, you know, some people come out if you're panhandling i'll pump your gas for you, wash your window that sort of thing but that was causing a problem with the customers so yeah, i'm not sure what your favorite opera is we're in the germantown section of philadelphia so perhaps they are playing bogner. that's about the limit of my opera knowledge. stuart: i can tell. jeff, thank you very much indeed nice umbrella you've got there. i hope fox bought that for you because it's a nice wide umbrella. good stuff. we'll see you later. have a great weekend. on the markets open for 25 minutes and we're on the downside, down 170 for the dow again nasdaq is down 160. still ahead, sean duffy, ohio congressman bill johnson, draftkings ceo jason robins and steve hilton. 10:00 hour is next.
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