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tv   Varney Company  FOX Business  March 24, 2023 11:00am-12:00pm EDT

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you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. >> i think we have a wokeness problem that has been embedded to a whole generation. i don't think its peaked at all. >> president biden really has two types of problems. there are the problems he can do something about and the problems he can't. he's 80 years old. he can't do anything about that. >> he's not in really good shape as he contemplates announcing re-election. >> there's nobody in washington
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who likes tiktok. facebook will be a beneficiary, google be and snap be. >> we're all trying to figure out what exactly do you do with a company that looks like it's a front for espionage to china. it may be the most unifying issue you'll see in this congress. ♪ it's friday, friday, gotta get down on friday ♪ stuart: it's friday. rebecca black. all right, 11:00 eastern. it is friday, march 24. here we go. check those markets. some jitters in the banking industry started in europe, coming over here a little bit. the dow is down 200, nasdaq is down 60. the 10-year treasury, treasury yields is a big story this morning, huge flight to safety. the yield on the 10-year is 3.6 p, it was much lower than that earlier as money moved into treasuries, price went up, the yields come way down.
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very important move. flight-to-safety. where are the big banks this morning? they're all down. in percentage terms too look at morgan stanley down 4.5%. not good. that's the markets on a friday. right before a weekend. now this. yes it is friday, march 24. now, in los angeles, if you have a $5 million home and you want to sell, hurry up, because on april 1, eight days away, a so- called mansion tax will be imposed not just on houses but on commercial property, and multi-family housing as well. on sales over 5 million bucks, it's a 4% tax. $10 million, it's a 5.5% tax. inevitably, there's a rush to sell now to escape what be a very big chunk of money to the government. star realtor josh altman who was on this program earlier this week, offering $1 million bonus to any agent who can bring in a sale for $28 million
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mansion by april 1. whoa. a rush to sell and a rush to buy , at what may be bargain prices. bash the rich, way to go california. los angeles will use whatever money is raised to build affordable housing for the homeless. come on, dream on. in 2016, the city brought in 1.6 billion with a bond issue. they thought that would build 12,000 units. they managed to finish 4,000, but the price of them went straight up. some of these affordable units now cost $800,000. how on earth can you possibly expect to build anything affordable in california when regulations add at least 40% to the cost of building anything. california can't get out of its own way. a generation of one party rule has left the state incapable of doing almost anything. remember the hundred billion dollar california bullet train, where is that? there's more. the clown car rolls on. after a three-day school outage, 420,000 students, 74% hispanic,
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20% black, okay. they returned to the classroom today. more loss of learning for kids who already lost so much, and democrat governor newsom, he will sign a price gouging bill. he says for decades, oil companies have gotten away with ripping off california families while making record profits. roll your eyes, folks. the governor of failing state wants to be the president of the united states. third hour of "varney" starts right now. it is very fortunate that we have a california guy standing by at this moment. he's the center of action today. steve hilton johns us. california can't get out of its own way, can it? >> i'm just laughing, stuart, because you just did such a love ly job there of laying out the latest sort of chapters in the book of craziness that is
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california under this monopoly rule by the democrats and honestly we could talk probably all day about the total in coherence and self-defeating lunacy of the policies that are being pushed. just to take the example there on the taxes. so they say well, tax the rich and of course that's an easy slogan. they already tax the rich, already in california, nearly half the taxes are paid by the top 1% and then actually, they tax the middle class here in california, never mind the rich, the middle class are taxed as if they are rich. what is the outcome of that? people fleeing the state? in particular, the people who create jobs and businesses and wealth for everyone else, leaving the state. that's why for the first time in 170 years, california lost a district in congress. less representation because people are leaving, and then on and on it goes. can i just make one point about the school strike? stuart: sure. >> because it's a really
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important point about one of the most egregious examples of what's going on in california. the teachers went out on strike in solidarity they say, with the support workers. it was actually a support worker strike. the teachers aren't in solidarity with them. for decades now the teachers and the teacher's unions have been demanding more and more benefits in the form of what is known as an important acronym, opeb, other post-employment benefits. that is, luxury healthcare, life insurance, family members protected, benefits that regular working californians couldn't dream up adding up to billions and billions of dollars. that's where the money is going. it's totally unjustifiable and if they just have the same healthcare as regular california ns do you could raise the pay of those support workers that they are so in solidarity with by $7,000 with per-person. stuart: $7,000 per-person? for the people, the staff in the schools? that's how much more they would
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get if the teachers backed off of it? good god that's extraordinary. >> exactly. stuart: let's move on to the price gouging bill. >> oh, my gosh. stuart: by oil companies. this has been going on for 40 years. the left has been bashing oil companies and this guy wants to be the president of the united states? i don't see it. >> yes. the price gouging is by the california democrats. stuart: yes. >> you fill up your tank in california, all money goes to the government than anywhere else in america, and by the way, they do all this in the name of climate, so i'll give you another interesting statistics, stuart. when they took monopoly power in the state legislature since 1997 , the proportion of california's oil that was imported was 12%. now, under these democrats that are so concerned about climate, it's 50%. they are importing half the oil. we're not using any less. it's just that they don't want to produce it in california. they aren't only wacking up the
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prices. they're also killing jobs in california in our energy industry. it's total madness. stuart: you know, california is an endless source of outrage for us, isn't it? >> [laughter] stuart: just every week on a friday morning, i'll do an editorial bashing california, you pop-up and back me up and away we go, but it's fascinating >> and we're also fighting to change it, stuart. that's the truth. there are people here fighting to change it and one-day we will stuart: i hope i live to see it but definitely be alive on sunday night, 9:00 eastern, watching "the next revolution" with steve hilton. only on fox news. thank you, steve. we'll see you next week. we'll take another wack at california. check those markets. where are we now? we're down let's see 214 for the dow, 76 for the nasdaq. there's still some red ink right there. jonathan hoenig with me. i want to talk about the banks. you're saying beware of companies saved by the government. okay, spell it out, jonathan. >> yeah, well, stuart, janet yellen keeps assuring us that
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the banks are fine. meanwhile she's meeting with an emergency meeting of regulators this morning. oh, i don't know to maybe talk about the banks and actually what worries me. the crisis seemingly started in the regional banks. what worries me actually at least from a shareholders perspective and certainly what's hurting the market today are the big banks, the so-called too big to fail banks. stuart bank of america at a new 52 week low yesterday that's generally a pretty bearish sign and i look back at some of the big banks that were assisted during the last financial crisis citigroup for example,, it's a $ 40 stock today it was a $400 stock in 2007 before all that assistance for government, so financials at-large are weak and ironically stuart some of the biggest stocks i think in the biggest banks might be the weakest in the days to come. stuart: a money manager like yourself you have to be worried about this weekend. anything can happen in this banking thing. >> without question, stuart. when they tend to close the bad banks or the weak banks on friday, they like to reopen them on monday, but what's so frustrating is that if this was
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truly a free market, stuart, and see these elements you'd see these issues worked out so much more difficult. much more easily, it's difficult because it's a public-private partnership when you come to banks and believe me, stuart. they aren't going to save banks associated with the oil business they aren't going to save banks associated with real estate so this is a very tenuous time to be an investor. stuart: yes it is. jonathan i know you live in chicago and we've seen a lot of companies move out of chicago because of crime. does it affect you? >> without question, stuart. it's not just a quality of life issue. the crime is an economy issue. jobs are leaving. you know, it's boeing, tyson foods, it's citadel, caterpillar these are major employers and we see this all around the country. in portland this week, walmart is leaving the portland area. now cracker barrel. the restaurant chain is leaving the portland area so where you see crime you can't invest businesses and expect businesses to invest, so we're feeling it in chicago stuart and where
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crime comes businesses take a hike. stuart: jonathan, thanks for being with us. see you again next week. >> thank you. stuart: looking at the movers this morning. exxon-mobile and the oil companies down today. lauren: they are down. oil, the price of oil is down even though goldman says demand they are seeing coming from china is surging, and then the energy secretary, jennifer granholm said the u.s. is unlikely to take advantage of oil being under $72 a barrel to buy it and refill the strategic petroleum reserve. stuart: okay so oil is down to about 68 today i think it is. okay, put up baidu. let's have baidu up on the screen please. now there is a winner. 3.8%. the story? lauren: what a story. they are investing in chills that are open source to avoid potential u.s. sanctions so looking at the geopolitics between the u.s. and china and they don't want to get stuck in the middle of a fight so they are trying to get their chips in ways that if there's retaliation , the u.s. won't put an environmental war sanction on
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them. stuart: i see carnival, the cruise line moving and it is down. lauren: all the cruise lines are down today. carnival does report on monday. they are pre-warning, we're still going to lose money but revenue is to jump by 167%. stuart: but look at that stock price, carnival at $9 a share. way above that before the pandemic as i recall anyway. thank you, lauren. now this. california reportedly wants to use federal taxpayer dollars to house the homeless. why should the rest of the country be responsible for bailing out california again? we'll get into it with caitlyn jenner. the new starbucks ceo wants to get his hands dirty. we'll tell you the unconventional way he's been training for the job. more students skipping college for apprenticeship programs, they don't want all that debt. they want to make money. i think mike rowe has had some impact on this because they are going for apprenticeships. mike rowe is next. taking what they're giving because i'm working for a living
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stuart: well, how about this? the average pay for the lowest wage workers has soared since before covid. tell me more. lauren: 9%, between 2019 and last year, so the average is still $12.57 an hour. that's about $26,000 a year, but you can see that is the fastest- growing income percentile. stuart: trump had something to do with that. lauren: of course. stuart: yes he did. lauren: and there's demand for these workers & companies are willing to pay. i hope it continues to go up. stuart: trump is the only economy where we had a narrowing of the inequality gap. the only one. and we did. lauren: yeah. now it's more about giving money out. stuart: this is another one,
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it's for you. lauren: oh, boy. stuart: millennials want their parents to move in with them. pay the bills. lauren: sounds weird, right? stuart: to pay the bills? lauren: you can't wait to move out and now you want mom and dad to move in. yeah, pay the bills. multi-generational living is big right now. the benefits are you can share the cost of the mortgage, the groceries et cetera and child care. child care is huge. all those facilities before covid haven't opened back up. four in 10 parents go into debt because they can't afford it. these are real numbers. it's a huge issue. stuart: and your parents are watching. lauren: but they don't babysit as much anymore. stuart: they want to move back in with you? lauren: i don't think they do actually. could you live with your kids? stuart: no, i could not. okay. lauren: [laughter] stuart: starbucks new ceo wants to get his hands dirty on-the-job. what is he going to do? lauren: one-day a month, every month. he will be a barista, he trained for five months as he was preparing to be ceo to take over for howard schultz. i love this. it's immersive.
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he will have his pulse on what the workers are saying and maybe be able to pushback the unionization. stuart: exactly. lauren: i love this. he's getting his hands dirty and getting the feel of the company. also, starbucks is about customer service. stuart: yes. good pr. lauren: it's expensive and you go in and want your order right. you want a friendly barista. he needs to get how to make that happen more smoothly. stuart: starbucks is now called sixbucks. lauren: no more fourbucks. stuart: more students deciding against going to college. what are they doing? going for apprenticeships instead. the man of the hour is with us, mike rowe is with us. mike, i think you have a significant impact on this because you've been talking about the dignity of manual work for a long time. this is partly your success. go ahead. take the credit. >> i mean, look. it's very gratifying when you look around and you see the headlines have caught up to you, but a lot of people have written a lot of really great books and said a lot of great
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things about where we find ourselves today, but 15 years ago the writing was on on the wall. every time five people leave the skilled trades, two replace them. it's just bad math. so we knew it was coming and we also knew that colleges were raising tuition faster than any other commodities had ever increased, food, real estate, healthcare, all of it, so we knew it was coming, and now the chickens have come home to roost for real. the problem is still with us, but to your point, we are seeing signs of encouragement. four year enrollments are down. trade schools are up and let me just say, stuart, real quick. i know it's going to come back at me when i say that, oh, he's anti-college, anti-education. i'm not. i'm simply saying after decades of telling generations of kids the best path for the most people is the most expensive path?
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we've created this problem that we have right now. i think the ship is starting to turn. stuart: and that be a wonderful thing. next one. president biden kicking off his investing in america tour. he's starting in north carolina next week. he's going to tout creating jobs which don't require a four-year college degree. you're right in line with that one. you're very much in favor of this , right? >> i amiatinus, but again, not at the exclusion of everything. we have to be able to do two, three, four, five different things at the same time. it's the cookie cutter advice. it's the bromides that got parents and guidance counselors and kids brainwashed. it's not one path for the most people. we have to put all of the options on the table early, and then we have to affirmative ly confront the stigmas and the stereotypes and the myths and misconceptions that keep people out of these careers. my foundation has helped 1,500 people so far get a useful skill that doesn't require a four-year degree. we're giving away $1 million
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this month, for work ethic scholarships. we do it every year and now we got to the place where i'm able to look back, check in with those recipients and let them tell their stories. that's what's making a difference. it's not just the old white guy in the blue shirt. right? it's real people with real stories. stuart: i want to learn more about it. you've got $1 million work ethic scholarship? who qualifies? how do you apply? >> well it's difficult to look into the soul of an individual and ascertain their character, but we try. you know? we champion work ethic in the same way a lot of other scholarships will focus on scholastic aptitude, or talent, or athletic ability. we try to make a case that says look. if you're willing to learn a skill that's in demand, if you're willing to show up early, stay late. apply yourself. we can prove, beyond a shadow of a doubt, that there's a road to something that looks a lot like
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prosperity and that's been my message for 15 years, but now, in recent years, i'm able to point to the people who have actually done it, so we're spending some money this year on the foundation level to make sure those stories get out there , but we still give away a couple million bucks every year for men and women who want to distinguish themselves in that way. stuart: i like the idea of a scholarship for work ethic. not just go out there and learn to be an electrician or a carpenter, no. go out there, show up on time, show up stone cold sober, and straight, and give them a video, show you what you got, and let's see some motivation. that's what it's all about. >> and it's only the hardest thing in the world to do. it's hard to define but i know this for sure. when you find it, you can either reward it or ignore it. so the tv shows i've worked on over the years, dirty jobs, how america works on your network, they're alan attempt to start a
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conversation around opportunity and if you can get a kid interested at that point, then it's incumbent on us to encourage that interest and again, look, you've been a real help in this too, stuart. i'm just one guy with a facebook page and a big mouth. getting out there and sharing these stories with the country, that's what moves the needle, so i appreciate your help. stuart: well, if i have given any help i'm very happy to do it mike rowe you're a good man. i don't care what they say. i think you're all right and a great singer. i remember the time when you came on the show because you're a former opera singer. i remember you doing it for us. i won't ask again. i won't do that again to you, but next time -- >> i only do that in person, stuart so next time. stuart: you've got it. i'm looking forward to it. mike rowe, thank you very much for being here. great scholarship too. thank you, sir. see you later. >> thank you. stuart: change the subject. we're teasing stuff now. transgender women have been banned from competing in international track and field events.
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caitlyn jenner, a trans woman and a former olympic star, we'll get her take on the ban, next. coming up at least. in just a few minutes president biden meets canada's prime minister justin trudeau. this is the president's first trip to canada since taking office. we're monitoring it, especially about that northern border. any headlines you'll get them fast. the new chase ink business premier card is made for people like sam who make...? ...everyday products... ...designed smarter. like a smart coffee grinder - that orders fresh beans for you. oh, genius! for more breakthroughs like that... ...i need a breakthrough card... like ours! with 2.5% cash back on purchases of $5,000 or more... plus unlimited 2% cash back on all other purchases! and with greater spending potential, sam can keep making smart ideas...
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please ignore that. td ameritrade. award-winning customer service that has your back. stuart: all right, we thought we would show you the prime minister' office in ottawa, the capitol of canada of course. president biden and justin trudeau are about to hold a bilateral meeting later today. they are expected to announce a deal on immigration. a u.s. official confirms they have come to an agreement to turn migrants away at the northern border. look at those markets, still plenty of red ink, dow is down 200 points. the day is not over. nasdaq is down 100 points. susan is back. are the banks still jittery? >> yes, and before we get into the banks you know i've interviewed justin trudeau the prime minister of canada twice including his only fox interview and i feel like the issues are always the same years apart. it's always immigration, economy , and trade, and 2018 we're talking about nafta so it's interesting, five years
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on, new administration. stuart: that be interesting. now 2018? trump was president. >> that's right. stuart: that was interesting. >> personality wise, right? it's a little more similar these days. okay so getting back to the banks. we do have s&p 500 bank stocks, now trading at their lowest in two years. you have to go back to 2020 so there's serious concerns in the banking system. last friday, it was credit suisse that were the concerns going into the weekend. this friday, it's deutsche bank. biggest sell-off now on the deutsche lender, the dutch, i keep saying deutsche bank. the german lender, worst day for them in two years for the european listed shares, insurance against bankruptcy near the highest in a decade and if you check out the two year yields right now really across the entire curve, there's your safety trade. at 3.7%. stu, we were talking on march 8 and across over 5% which was the highest since the global financial crisis. you have bond king, jeffrey gun lack, people are talking about this on wall street right now in the markets
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and he predicts that the federal reserve will be cutting rates substantially soon, and he says sounding a little trumpian here so only wrong 30%. stuart: but is he saying that because the banks are in trouble >> yes. stuart: and the fed needs to lower rates because the banks are in trouble? >> a possible recession. i think wall street right now there is an indication of predictions that rate cuts might start as early as july. despite the fact that they just hiked interest rates this week which is interesting. stuart: elon musk versus open ai >> creators or of can't gp t so musk put in $100,000 when open ai was non-profit and today it is for-profit and musk is not happy so he tweeted that here take a look at this meme. he's sure it will be fine, of course, yes, depete the fact that he's realizing that ai, the most powerful tool that mankind has ever created, is now in the hands of a ruthless corporate monopoly named microsoft. i do want to note that people
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are talking about open ai ceo sam altman, used to be the head of that and despite the fact he's in charge of a $30 billion artificial intelligence innovator, he owns no equity in open ai. what does he get out of it? which seems so altruistic. stuart: that's not the way big tech or technology companies rate. i thought -- >> well capitalism, right? stuart: capitalism too. he doesn't have any equity. none at all. >> but he stepped into it late as well and he's turned it now into a for-profit machine. stuart: can you talk about ford? >> quickly, $5.6 billion plant just outside memphis, tennessee. remember yesterday, we were talking about $3 billion in losses for them to produce electric cars this year. well, they say that this memphis , tennessee plant that they are plowing billions into will start building 500,000 electric cars each and every year. it has to ramp. it's going to take years to ramp but it does come with jobs. i think there's a healthy dose of skepticism there if you look at the stock price right now, and just the big lead tesla has
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with two-thirds market share in the electric car market here. stuart: if we don't keep the government forcing us into electric cars, ford is in trouble and the rest of them are in trouble. susan, thank you very much indeed. all right, world athletics has banned transgender women from taking part in elite female competitions. caitlyn jenner is with us. how do we measure who is in and who is out? what's the cutoff point? >> well, you know, at least i've been very consistent on this subject for the last couple of years that we have to protect women's sports. you remember the leah thomas case. that was in the ncaa. she was competing, brought so much publicity, but eventually, in the end, the international organization basically banned her by saying if you don't go through, if you go through male puberty, it has a bigger impact on your performance than just your hormones level down the way
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well, that was good news. that was the right direction. that was kind of the first domino to fall. now, world athletics headed by a guy named sebastian coe. now, i love it when you don't have politicians running these organizations. you have former athletes. sebastian coe, olympic champion, great middle distance runner in the 80s out of the uk. he's been head of it for a while and he really gets it and what he said that when looking at this , what he wanted to do was he wanted to put it a priority on fairness for women's sports. not equity. stuart: yup. >> bingo. that's exactly what we need. this is only another domino to fall. there are so many more. the international olympic committee, their rules. things like that, but when the big organizations up on top start making constructed changes when it comes because i'm for
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fairness, i'm for women's sports and i want to see them prosper. stuart: excellent. okay. i'd like to get your opinion on lots of different subjects because it's hard to get you on the show but when we got you we like to talk about a lot of different things. try this. california governor gavin newsom -- >> hit me with it. stuart: -- governor newsom wants federal funding to house the homeless and will use taxpayer dollars to provide six months of housing to low income people. will throwing money at the problem solve it? >> no. [laughter] stuart: thank you. >> this state has been throwing billions of dollars at the homeless issue. in california, it is a huge industry. they have put billions of dollars and we only have more and more, i think it's up to like 171,000 between 2020 and 2022. it went up by 10,000 people and they put billions of dollars into it.
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obviously, they cannot do this. housing, it is not a housing problem. okay? this is a mental health issue. stuart: right. >> here in california, it is the biggest scam going on. the non-profits, which gavin newsom supports, gives them a lot of money. 90% of the money goes to the non-profit. i mean, i've looked at salaries for like the top 10 people in this non-profit. i mean, the head is like at 230,000 down to the person in tenth spot is like $120,000. in salaries, only 10% goes to actually fixing the homeless. now, why would they want to fix the homeless because then they are out of a job. stuart: right. >> yeah, they are out of a job. first of all there are some really great non-profits that we should really look and see. the salvation army in downtown l.a. phenomenal work. there are all church organizations, okay, downtown
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l.a., that serve over a million meals a year to the homeless. they bring them in. they give them the treatment that they need, but this is a mental health issue. it's not a housing issue. a housing issue kind of just sweeps the problem under the rug , okay? so maybe you don't see them. it doesn't help the people. stuart: here is another housing story. on april 1, los angeles introduces a mansion tax on sales over $5 million. you're laughing. you live in los angeles. the money they rake in is supposed to be used for the homeless. what do you think of this? a mansion tax. >> um, remember they were going for a long time it kind of died but they were going for an exit tax here in california like if you leave the state, we're still going to tax you for the next 10 years? they try to do things like that and obviously there's a rush right now on trying to sell homes. yeah, above $5 million, 4% and above $10 million, 5.5% i'm pretty sure. stuart: and the money goes to
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the homeless. >> yeah. well that's what they say, and, you know, elections do have consequences, and we elected karen bass and when i was a big recruiter fan, he was a good businessman, would really do something to try to change this city. if karen bass got in, it was going to be business as usual, and you know what we're finding that out now. it's like tax the people, tax the people, we need more money. stuart: nothing changes. nothing changes. >> it just doesn't work. it just doesn't work. stuart: it was great having you on the show. if you ever decide to move to the sane east coast state of florida, there's room in my house, so, come on over. thanks for being with us. come again soon. >> you've got a guest house in the back? i'm ready. stuart: i do actually, yes. i do. come on over. you're all right see you again soon, thank you. change the subject. we're back to gas stoves. energy secretary granholm
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insists there are no plans to ban gas stoves; however, she does expect restrictions on high end appliances. [laughter] we're on it. the average price for a gallon of gas is now $3.44. that could go much higher as gas supplies hit their lowest levels in nearly a decade. ashley webster reports from florida next. ♪ baby you can drive my car, yes i'm gonna be a star ♪ (fisher investments) it's easy to think that all money managers are pretty much the same, but at fisher investments we're clearly different. (other money manager) different how? you sell high commission investment products, right? (fisher investments) nope. fisher avoids them. (other money manager) well, you must earn commissions on trades.
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♪ life changes, you wake up and ain't nothing the same ♪ stuart: life changes oh, yes it does indeed. lauren: change is good. people fear change. i kind of love it. stuart: whatever you say. when you get to my age you've seen a lot of change. let me tell you. lauren: in the appearance. stuart: i'm overweight, remember
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lauren: [laughter] stuart: that's fort lauderdale, east coast of florida, and it is 80 degrees there right now. energy secretary jennifer granholm, she was asked about her department's proposed gas stove standards. are they looking for all of them lauren: not all. she has a gas stove, gas stoves for me, not for the, so just the expensive gas stoves will be banned, and if you want to know what an expensive gas stove is, here is somewhat of a demonstration. >> the gas stoves that be impacted are high impact, excuse me, high-end gas stoves, for the most expensive gas stove s, and the reason why they were found to be inadequate is because in many cases, they are very heavy grates and the burner s can be an oval shape which causes an excess amount of natural gas to be emitted.
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stuart: [laughter] lauren: [laughter] that was your demonstration. i think that i have that gas stove actually. stuart: love it. lauren: so this is a refresher. first, outright ban. it got pushed back. now they are like okay, just rich people's gas stoves basically. we have until 2027 to sort this all out. stuart: they are going to ban all fossil fuels usage, including natural gas for gas stoves. that's what the they are going to do. lauren: they cannot do that by 2027 but yes, in i'd say 10 years, yes. stuart: i just wish they be honest. thank you, lauren. analysts warn that drivers could see a repeat of last year's soaring gas prices. that be this spring. oh, actually we're in this spring. ashley webster is in palm beach gardens, florida. what are the drivers telling you ashley: well, they aren't happy about the prospect of yet another summer of suffering at the pump. that's for sure, stu. as you mentioned we're in palm beach gardens. i was just looking at the shell station a gallon of reg you
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harry reed according to the triple a, a lot more than the national average which is at $3.44, a month ago it was $3.38 and a week ago 3.45 and a year ago it was $4.23 so we have come down, but gasoline stockpiles are low. how low? about an eight-year low so declining inventories and yes, continued demand from drivers, people are driving a lot these days, means that we could see a spike in prices maybe later on in the spring and maybe certainly into the summer and analysts say that's ridiculous. especially when you consider all the oil we have right here in the u.s.. take a listen. >> we're in an era of higher gasoline prices and it is really a self-inflicted wound so while you may have pushed down prices in the short run, now, look at this year. in the long run you aren't going to have enough supply and you're not going to have enough oil from the reserve to cool off prices. ashley: well, last june, as you
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may remember, everyone does. gas prices averaged a little more than $5 a gallon, 5.02 to be exact so the question is, could we see a repeat of that this summer? well, we are some of the drivers and motorists here gassing up what they think about that. take a listen. >> i'm really hoping it doesn't happen. we do lots of driving, so that would really put a financial strain on their family. ashley: who do you blame for it? >> the administration for not allowing more drilling in the united states. we don't need anyone else's oil. >> i think there's a lot of corruption at high level, as far as where or how money is distributed and how oil prices are fixed. >> i just have to work more, work harder. it's the american way. ashley: eh, it's the american way but people aren't happy to work harder just to put gas in their car. if you wonder about the strategic petroleum reserve, well, compared to this time last
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year, it is down 35% and according to the biden administration, and energy secretary granholm, it could take several years to refill it. again, asking questions about weren't we energy-independent not that long ago? it's pretty insane, right? stu back to you. stuart: we were energy independent. it was great while it lasted. ashley: yes. stuart: until it wasn't. ashley, thank you. you're coming back for friday feedback, which is next. see you in a minute. ashley: yes. stuart: later, folks. you know you make me want to shout, throw my hands up and shout ♪ do you ever worry we'll live forever? no, it's literally never crossed my mind. what if we live to like 100? that's 35 years of being retired. i don't want to outlive our money. and i have been eating all these stupid chia seeds! i could totally live to be 100!
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♪ everyday america ♪ stuart: everyday america, by sugarland, is that the name of a band or a place? a band, okay, right. it's friday feedback time. one of my favorites iterates well by the way. lauren, afterly, susan, myself let's get started. first one from mark. several years ago, you used to say that if any of your kids got a tatoo you'd disinherit them. do you still feel the same way? actually, no i don't.
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i've softened up a great deal. >> wow. stuart: i only said it to discourage them from getting a tatoo, so, it's now a moot point can we move on from this? >> that's amazing. stuart: yes, we can. this is from dave. would love to hear more of your mother's pearls of wisdom. they give us insight into your philosophy and where it comes from. okay. i don't have any pearls of wisdom but i've got this. if you ever ask my mother how old she was, she would say i'm as old as my tongue and a little bit older than my teeth. she never wanted to tell me how old she was and i didn't find out until she came to america and i looked at her passport. any pearls of wisdom from your mom, susan? >> karma, it exists, be nice to people. stuart: ashley? ashley: my mother's montra is just don't overthink it no matter what you're doing just don't overthink it. stuart: this is good. lauren: life isn't fair get used to it. stuart: that's the best one of all. >> very good. stuart: this is from gene. what would presidents "varney",
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webster, simonetti, do, cut taxes? lauren: i'd call the president of mexico and say you gotta fix this fentanyl problem. stuart: that's good. very good, susan? >> flat tax. everybody wins. stuart: that's good. okay, ash? ashley: cut taxes on fuel, beer, you name it. i be a very popular president. >> yes. [laughter] stuart: that's right. lauren: you're buying votes. stuart: exactly what he's doing. he's a democrat this guy. kathy writes this. whatever happened to having a retirement age? i realize that many people enjoy their jobs but age does make a difference in performance. i believe too many people don't accept their limitations and our country is suffering. is that a dig at me? is my performance lacking do you think? lauren: no, actually, pearls of wisdom is what you provide. stuart: flattery is very good. lauren: depends on the career, right? stuart: i guess so.
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>> we're in this world where 60 year careers now exist, not 40 years so people retire past 65. stuart: yeah, well i'm in my 50th year in television. >> wow. stuart: almost actually. next year. move on. james writes this. cancel spring break and fall break while you're at it and let the semester start earlier or end earlier. the students won't have a chance to write on someone else's town and have more time for summer job to pay for college. good luck with that. you're not going to abolish spring break. it's just not going to happen. you're in spring break territory , ashley. what do you say? ashley: i was just thinking that i think the communities where spring break happens be pretty upset about that. not just miami where we've seen problems but many other communities they get a huge amount of money and influx of people so they wouldn't be happy with canceling spring break that's for sure. stuart: last one, susan did you ever riot during spring break? lauren: [laughter] >> everyday. just, you know, slosh on the
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streets. stuart: an honest woman. lauren: we had disposable camera s when i went on spring break. thank goodness. stuart: right. yeah, thanks to everyone who sent in their feedback. it's always good stuff. thank you very much for taking part. friday trivia question. here we go. how many amendments does the constitution have? 24, 27, 30 or 33. guesses after this. - double check that. eh, pretty good! (whistles) yeek. not cryin', are ya? let's tighten that. (fabric ripping) ooh. - wait, wh- wh- what was that? - huh? what, that? no, don't worry about that. here we go. - asking the right question can greatly impact your future. - are, are you qualified to do this? - what? - especially when it comes to your finances. - yeehaw! - do you have a question? - are you a certified financial planner™? - yes. i'm a cfp® professional. - cfp® professionals are committed to acting in your best interest. that's why it's gotta be a cfp®. find your cfp® professional at letsmakeaplan.org. what if there was a community of like minded people ready to support you when you need it most?
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stuart: all right, sports fans. how many amendments does the constitution have? 24, 27, 30, 33? ashley your first? ashley: my trusty producer says it's 27, so i'm blaming him if it's wrong. stuart: susan? >> 30. stuart: lauren? lauren: 27. stuart: my instinct is 27 as well and i did not look it up but i think the answer is 27. yes, the amendment was ratified in 1992 stops members from congress from giving themselves pay raises how about that? times up. "coast to coast" is now. ♪ baby i don't need dollar bills ♪ neil: all right, fox on top of stumbling banks, although they aren't stumbling as much. more in a second, but something that is getting worse, the jobs part. all leading to slipping stocks though, i've gotta tell you, as well, they have slipped a lot more. we've got you covered right now,

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