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tv   Varney Company  FOX Business  April 12, 2024 9:00am-10:01am EDT

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here with the major with banks reporting earnings this morning and send sending markets lore. the dow jones right now down 270 points. we've got the nasdaq down 1700. jpmorgan ceo jamie dimon says it's quite clear the american economy is strong. on the conference call he says credit card chargeoffs are normalizing. he also says there are some cracks in subprime auto. this is all coming out of the call this morning. of course, we know at the ceo of jp morgan has been quite skeptical of a soft landing, and if he has talked about the stimulus money keeping inflation at a elevated levels. the stock this morning was up 3.5% despite beating earnings and revenue expectation, but coming in a little light on net interest income. we'll keep following the banks. a lot more next week, join us for the rest of the first quarter earnings reporting season. that'll do it for us. i will see you tonight on maria bart row -- bartiromo's "wall street. have a good one. stu, take it away we. stuart: all right, good morning,
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everyone. looming this weekend, terror and war. the alarm bells are ringing. according to "the wall street journal," an iranian attack on israel is expected in the next two days. an american general is over there now backing up the president's pledge of, quote with, ironclad support. that's a political problem for biden, the left does not approve of that support. according to fbi director christopher wray, there is grave concern about, quote, twisted individuals inspired by vent in the mideast. he's -- by vents in the mideast. that is also a political problem for biden. it is, after all, his open border. if to the markets, looks like a down day at least at the opening bell. jpmorgan, that's a dow stock, reported this porking. they're talking about the headwinds, and the stock is down. that's hurting the dow because jp is a dow stock. look at that, dow's off 300, nasdaq down close to 200 points. that is a selloff this friday morning. interest rates, they're holding pretty steady alto at elevated
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levels. -- although at elevated levels. the 10 year right at 4.5%, the 2-year is down to 4.88. bitcoin, that's back to $70,000, just a few days before the halving event. and gold, a star perform recently. central banks are buying, and you know costco's selling a lot of those 1-ounce gold bars. $2,416 an ounce as of now. gold up again. gas, no if change there, $3.63. diesel, to change, $4.05. more politics. donald trump demands a debate with the president, and he wants it before the scheduled debate on september 16th because people will already have started voting by then. biden has not accepted the channel. my opinion in biden won't debate because we he won't be the candidate. moving on, today biden announces another $7 billion with worth of student loan forgiveness. 277,000 borrowers effect -- affected. vote buying just keeps on
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coming. on the show today, the illegal migrant from turkey who paid the cartels $6500 to bring him in, he's on his way to los angeles are where he's going to work for doordash. we have a worker at the border who says this happens all the time. a report from the masters where are channel bow has a one-shot lead. if golf is splint between liv and the pga -- split, and rory mcilroy says that split is, quote, not sustainable. and because it's friday, we're trying for a little humor. we'll bring you some classic putdowns like this one. film maker billy wilder criticizing a knew its is. he says he has van gogh's ear for music. did you get it? >> oh, i got it. because van gogh doesn't have an ear. stuart: thank you very much, indeed. glad we got that. friday, april 12th, 2024. "varney & company" is about to begin. ♪ ♪
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♪ stuart: another empty day on sixth avenue in midtown manhattan. >> along those lines, i've been laughing at a funny clip on instagram of a dog playing piano. dogs don't play piano. stuart: that's your contribution to the first --? >> it's along the lines with what you said is, do you know why it's funny? it was an obvious thing -- can let's go. stuart: do you want to say something there? lauren: not. >> he wanted you to chime n. stu and i are swimming against the tide. stuart: van gogh's ear, i got nothing from you. we're going to start the morning with politics. is that okay with you? donald trump and speaker johnson are going to hold a joint press conference later today about election integtism all right, lauren, do we have any details on this?
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lauren: yeah, we do. speaker johnson is making the pilgrimage to promote a bill to keep noncitizens from voting. it's a show of support. speaker johnson in a fight to keep his job. marjorie taylor greene has repeatedly threatened to try to remove him, and donald trump knows this in-fighting if his e party or a power vacuum in the house of representatives, not a good look for republicans. stuart: so they're getting together today, right in this afternoon? mar-a-lago? lauren: yep. show of support, in my opinion. sue tiewfort donald trump wants to debate biden push earlier and more often than initially scheduled, but biden has yet to commit. roll tape. >> donald trump says he's ready to debate you right now. do you accept? if. [laughter] >> [inaudible] [inaudible conversations] if -- >> will you debate him? >> if i were him, i'd want to debate me too.
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stuart: todd piro with me. biden looks old and frail, and i don't think he's capable of three 90-minute if debates with donald trump. am i being too harsh in. >> you're not. and you ask he me this almost every time, we're up to $20 guaranteed bet that he does not end up debating. but instead of that being the take this time, i have a different take on in this from donald trump. this is actually very good news for republicans. let me explain why it shows that the leader of your party is pushing the people under him to take early voting seriously. and that is very important. because trump even admits in this tirade against joe biden for not debating, he said, look, a million people are going to vote before the scheduled first debate. we can't have that because with as bewe all a know, you extrapolate and spread out a million vote, some of these swing statements were decided by 11,000 votes. so it shows the republicans have woken up to this, or at least the leader of their party has. if everybody follows suit,
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republicans will be in better shape heading into no. early voting's happening whether you like it or not. lauren lapp yep. saw stuart the white house ounced concern -- announced another $7 million in student department forgiveness. we've been through this countless time. it's vote buying. >> what else could it be? joe biden's trying to pretend like he's doing something at the border, but he's not doing anything. again, big with election issue. so what does he have? he has what he thinks -- even though he's completely wrong on the haw -- the power of the purse which we all know is reserved to congress, and he's using your taxpayer dollars to buy off voters who are young because he's hem rabbling -- hemorrhaging the youth vote. all of these should be overturned by the supreme court because they already were, stu. stuart: but he's on record saying this is what i want. >> i want a puppy, there's no puppy. you can't just get what you wan. lauren: inflation has got with within ahead of him, this is a way to bring costs town for struggling borrowers.
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stuart: fair point. the white house press secretary was asked if the president is being truthful about inflation. what did kjp say? lauren: she continued to make excuses. watch here. >> reporter: is the president being honest about inflation? >> the president has said, he said what he saw when he took office. the pandemic was happening, right? it disrupted the supply chain. we know, you know what happens when the supply chain is disrupted. you know what that leads to the. and so that's what what he was speaking to. and not only that, we, he had tf ukraine with.. -- in ukraine that mr. putin, an aggressive -- an aa depression that mr. putin was putting into with ukraine, set forth. a. lauren: the blame game over and over again. covid, putin. but do you remember this? flashback, candidate joe biden said it's hard to believe this has to be said, but unlike this president i'll do my job and take responsibility. i won't blame others, and i'll
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never forget the that the job isn't about me, it's about a you. that was four years ago. so do you remember ron klain, the ex-chief of staff with the leaked audio that he really said the quiet part out loud in the biden camp erred because we put bridged over -- bridges over people, right? all this major infrastructure spending juicing produce prices, we forgot about the cost of eggs. the american family has a not forgotten about the cost of eggs, so the president continues to blame this, blame that, but what about his policies? inflation was at 1.4 when he came into office? stuart: that's correct. he's got a problem with inflation, that's a fact. next one, it's for you. what's the latest on trump's choice for a running mate? lauren: reports say senator tim scott is pushing very hard to be the vp pick. tear still in this relationship-building phase, but my opinion, trump's got to pick soon because on monday he's facing his first court case, right? the jury selection, the hush money case.
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it would be great if he had a number two who could get out there and maybe send more of his message if across the country while he's tied up in court. just my opinion, but tim scott pushing hard to be it. >> to that point, melania has already started doing that. lauren: yeah? >> she's not going to be the vp, but he's started putting her out there as a proxy with certain groups that she would be better with than, say, other people. stuart: gotta do it, got to get out there somehow or another. check the markets, please. it's a 23reud morning and we're down 300 on the dow, down 180 at this moment on the nasdaq. ken kenny carry with us today. -- kenny polcari. jpmorgan reported before the bell, jamie dimon is warning of headwinds, possible wars and the fed, he says they could hurt the strong any. you know -- economy. you know, that's a big negative to get us going on a friday morning. >> well, it is a big negative, but that's not new. jamie dimon said that in his annual letter which came out two or three days ago.
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so that's not new to the market in terms of what they heard. now, today the earning came out, which i loved. jawm emy dimon never if disappointed. but i think what we're seeing happening is lock in these profits mental i, right? jpmorgan's up 15% year to date. i'd love to see a pullback. i'm not selling my jpmorgan. i would be a buyer on this weakness. tawrt south okay. you've actually been expecting and hoping for a allback because you still think later this year we're going back up again, right? >> yeah, i do. look, every time the market, you know, we sell off 2.5-3% and all the buyers run in because this is the opportunity. that's not the opportunity. the opportunity's when the market's down 8 or 10%. that's the real buy the dip opportunity, but we never get a chance to get there, right? because there's all this money on the sidelines. people feeling like maybe they're bicycle to miss out to. it's tech, it's a.i., and so they run back in the minute the indexes are down nearly 3% and
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hay think they got a bar with gain. the bargain is still coming, in by -- my opinion, at least i hope it is. stuart: you're one of the few people on this program who wants to see a big selloff but, kenny, that's fine with me if it goes back up on the other side of. kenny polcari, see you later. israel is preparing for a direct attack if from iran within the next 48 hours. what's your role in this threat to israel? or our role, america's role, what is it? a vote on renewing the foreign intelligence surveillance act, fisa, it could happen again this morning after republicans struck it down earlier this week. look, when terror threats are on our hands, is this really a good time not to renew it in i'll put that to congressman jim jordan can. he's next. ♪ ♪ how will i know if he really loves me is in. ♪ i say a prayer with every heartbeat. ♪ i fall in love whenever we meet. ♪ i'm asking you 'cuz you know about these things ♪
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stuart: looking reason grim on a friday morning. the dow's down 260, the nasdaq down 177. bank earnings, the market's not happy with them. check the price to of oil, it toppedded $87 a barrel, now it's $86.96, that is a 6-month high. oil is on pace for the highest close since october of 2021, i believe it is. october the 20th, sorry. there are reports iran is planning to launch an attack on israel within next 48 hours. this as as raised the concerns of terrorist threats here at a home. congressman jim jordan can, republican from ohio, joins me now. jimming this is happening right as fisa is expected to expire.
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terror the threats from all over. is now really the best time not to rerenew fisa? >> well, i got no problem renewing it as a long as we protect americans' liberty: so the 702 program, there's two sports -- parts. there's the traditional fisa court, the part that was abused relative to spying on president trump's campaign. we've got some reforms in this legislation which i think will help address that situation, but the part that's up for reauthorization is the 702 program where our government spies on foreigners, but they ping -- pick up all kinds of information about americans. if you're going to search that a haystack of information, giant haystack, and your going to search american citizens, you have got to go get a warrant if you're going to search their data. that, to me, is so fundamental. in our system we always say if the executive branch is going to search your stuff, our constitution requires them to go to a separate and equal branch of government, the judicial
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branch, and get a a probable cause warrant. here's why it's so important, this has been abused now 278,000 times not according to jim jordan, but "the washington post" reported on this. 278,000 times u.s. persons were searched in a fashion that wasn't kent with the rules the fbi put on themselves. so they couldn't even follow their own rules, did all kinds of things they shouldn't is have done. we're saying do the tried and true method, go get a warrant. stuart: but at this moment in time or a week from now, do we have this tool available to surveil foreigners in times of terror? is it available to us now? >> yeah, it's available to us right now, and it's up for reauthorization the 19th, the is the date, so we've got the next week to get this right. we're going to vote on it today, it'll go to the senate. that's how the process works. if the warrant requirement amendment is not added, i ain't a voting for it because i don't think that's consistent with our constitution. and, again, this is the fbi.
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remember, this is the fbi who said if you're a parent at a school board meeting, you need to be investigated. this is the fbi that said, oh, if you're a pro-life catholic, you're an extremist. and maybe more importantly, this is the fbi who retaliated against the whistleblowers who came forward and told our committee about all that stuff, and we're supposed to trust them to do it the right way? no. get the warrant like our constitution requires. stuart i understand entirely, but what's the balance here? are we -- i'm not quite sure how to put this, but what do the voters think? are the voters more concerned about our security and they want every tool available to fight for our security, or are they more concerned about the pryce element that you're -- privacy element that you're talking about? >> well, they're more concerned about the constitution. understand, we even put in this amendment, this warrant requirement amendment, we even have an exception. if it's an emergency situation and you the there's an imminent threat to the security of the country, then you can just search the database on our
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united states citizen. but short of that, go get a warrant. and here's the key point, stuart. 200,000 times a year they search u.s. persons in this database. u.s. person year arely, u.s. person searches -- can queries. how many of those are covered by the exception in our amendment? that's the -- no one will give me an answer to that question. but if it's a big number, that should frighten us all. if it's a small number, what's the big deal? so why today won't answer that question, i do not know, but i think the fact that they won't should be a concern. stuart: jim jordan, i think you've reassured a lot of people, myself included. thank you very much for being with us. >> you bet, stiewcht. thank you. stuart: former fbi director andrew mccabe, key investigator in the 2016 campaign broker he's admitting to mistakes. he's a deep state guy. he really hated trump, didn't he? >> not a fan, stuart. if you'll recall, the fbi used the document containing opposition research called the steele dossier on trump to earn approval from if a secret fisa
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court to secretly monitor carter page. yet mccabe still advocating for fisa in general. watch. >> there is no truth or accuracy in that post at all. 702 authorities were never used in the course of that investigation of donald trump and his campaign and some of his campaign associates. finish he may be referring to the fisa that was used, that was obtained to surveil carter page. there, we now know there were many mistakes in that fisa. those are all tremendous regrettable, but that is not section 702. totally different thing the here. >> regret,, stuart. you like that word? the house blocking a bill to reauthorize section 702 as you and jim jordan went into allowing the government to conduct targeted sur vail lance of foreign persons but can scoop up americans or who are in contact with that former. here's what trump had to say about the post mccabe was referring to, kill fisa.
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it was the illegally used against me and many others. they satisfied on my campaign. stuart: okay. we told you earlier this week about an editor at npr criticizing his network over their liberal bias. any fallout from that? lauren: conservatives are absolutely outraged. they want to defund npr of federal money after that senior editor publicly shamed the network for wokism and missteps on covering covid, the gaza war, race and identity in the country. my question is, why? were they pandering the their audience where the median age is 49 and it's predominantly white? stuart: they're all liberals. that's who they are. lauren: yeah. stuart: they have 87 ed editors, all democrat, no republicans. they were putting out what they believe, and they have no right to do that when they're taxpayer-funded. lauren: and it's happening at a time when many people don't trust the media in general, and they're supposed to be the gold star of playing it down the middle. stuart: yeah. and ask they did not, and they should the pay a price for that, in my opinion.
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thanks, lauren. check the futures market because we've got some red ink on a friday morning. don't like that. dow down 250, nasdaq down 186. of we'll take you to the opening bell on wall street next. ♪ all day and night you'll keep me up. ♪ nonstop ♪
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stuart: on the markets this morning with three minutes to go til the opening bell, the dow down 250, nasdaq down 189. and look who's here, mark ma if hawnny, the -- mahaney, the man himself. earningings season is here, which large are cap stocks are most at risk? i think you've got a list of three of them. >> yeah, we do. i think the backdrop though is that most fundamental demand trends are relatively positive whether it's advertising, retail, cloud. there's a few companies, though, that we try to highlight in the report we put out this morning the clients including spotify, expedia and air bn if b. actually, online travel, there's a few hiccups ahead. but those are the three that we called out and mostly on the bottom line, issues related to
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expenses or platte-out mess modeling on the part of the street. those are the three names. and we continue to think spotify can outperform for the year, but it's a smaller buy on our hit list. stuart: okay. so those are the stocks that you think are most at risk. tell me, if you've got three of them that are least at risk, or what are they? >> it's hard to avoid it. it's meta, it's doordash and netflix. meta, you know, the improvements that the company has put in have really started to pay off with advertisers. advertisers are seeing a return -- an improved return on ad spend, so you're seeing more advertisers, marketers lean in to meta. numbers there, they should probably do a beat and raise quarter. netflix has just got a stronger con tonight slate, they've been able to -- content slate, they've been able to pull pricing power both in the u.s. and internationally. this paid sharing sort of crackdown or anywhere initiative that they have got is springing up with new subscriber, and this
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ad-supported business is adding in a whole bunch of new gross sub-ads, new subscribers as a well. so netflix looks awfully strong for the full year. and finally, doordash. you know, people -- this is, we have a trend of necessity when it comes to delivery that's much stronger than people realized including myself a year or two ago. [laughter] stuart: what's your target price on netflix? you've been recommending that for some time now. it's at $629 this morning. where's it going? >> yes. don't have that much upside, 640, 650. i could stretch it and get to the high 600s. it's a maul buy. we have had a great rally in tech stocks, so i don't have a lot of strong buys. i really don't. the one i stick outen on is amazon. stuart: okay. mark, thanks a lot more joining us. have a great weekend, see you next week. >> thank, stu. stuart: the market is about to open. press that button, please, and we'll get moving. we're going to start -- we're off, there you go. the dow has opened with a loss
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of about 240-odd points, that's about .6%. i don't see many winners on the list of dow 30. i see 4 winners and 25 losers and 1 unchanged at this point, okay. s&p 500, it's on the downside right from the get go. you're off .70%. 5,100 is the level there. the nasdaq composite down, getting a off of 1%. so i presume that big tech is take it on the chin. show we, please, how bad is it? it's bad. apple is at $174. amazon, alphabet, meta, microsoft, all of them on the downside. microsoft's down 1%. first quarter bank earnings kicked off this morning. i'm going to run through them. start with jpmorgan. stuart: lauren: look, stronger earnings, revenue stronger, nearly there $42 billion over 3 months. but higher interest rates are starting to pinch its business. net if interest income, it's the difference between what it earns on a loan minus what it pays out
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to depositors, that's projected to come in the lighter on an annual basis. and then you have jamie die morning well revered ceo, he says the customer's in pretty good shape. okay, great. but how much is left to squeeze out of said customer when, you know, your apr on your credit card is 20 plus percent if we're over $20 billion in debt? stuart: how many point, that takes 50 off the dow? citigroup request, they reported. lauren: their innocent interest income also an issue -- net million and revenue down also. the stock is up 3% because the turn-around is working. this is one of the better performing bank stocks this year, up 18%. but with that turn-around comes layoffs and severance payments go up. zero stuart got it. another one came out, wells fargo, and they're down 1.7 -- lauren: net if interest income falling 8% in the quarter. the good news for wells though is their provisions for credit losses were smaller than
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anticipated, and they say their property portfolio, think all the commercial real estate tata they have, performed well. stuart: a few problems with the banks -- lauren: i'd say so. stuart: just a few. nothing serious. blackrock, what have you got? if. lauren: a record, $10.5 trillion in assets you should management. the stock is up 2% -- under management. they are benefiting from the rebound in equity markets that we saw in the first quarter. but there's always a but with all these, inflows coming in in the quarter fell because with clients are sitting on the sidelines. stuart: ah. lauren: yes, a.i. is exciting, but interest rates are high. there's black clouds and risks out there. you have all this money sitting on the sidelines. stuart: i'm always interested in news from apple because that's a stock i've never owned, and i keep thinking should is i get into it now. it's at a $174 for heaven sake, down 5 cents today, but i i know they're overhauling the hack computer. the whole line -- the mac. lauren: you might not care about the mac computer. i'm not necessarily sure that a
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apple does. it's the instruction just a small part, maybe -- it's just a small part, but you care about artificial intelligence and so does apple. they will put artificial intelligence in the entire line of mac computers starting later this year. so this is a. i. going into every single nook and cranny at a apple. so if you believe that they're going to be a catch-up a.i. play and integrate it and monetize it, you might want to consider buying apple. stuart: usually when someone says a.i. in connection with a company, that stock goes up. i think we've passed those days because the stock -- lauren: in june they have their famous worldwide developers' conference. they might if explain a lot more of this a.i. and what you can do with it. stuart: amazon, it had its first record close since 2021. backing off this morning. they've got some board changes? lauren lauren so remember this name, andrew ing, he's, like, a trip until whammy kind of guy, a
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professor, an investor, a builder. and we told you yesterday that that he brought artificial intelligence to other big tech company, think baidu. now he's on the board at amazon. this reflects a shift in amazon from entertainment to artificial intelligence. there was actually the former head of mtv is no longer going to be on the amazon board. the letter that the ceo, andy jassy, wrote to shareholders yesterday, he said gena.i. will be the fourth pillar at amazon, e-commerce, marketplace, prime and the cloud, then gen-a. a.i., and i bet that kind of seeps into the other three and goes towards the top. stuart: mark mahaney's predicting another record high for amazon. lauren: they've can cut their costs. they're able to deliver same-day delivery and do it at less of a cost than they did. stuart: did you see ashley yesterday at the amazon warehouse? rawrp lauren aa maigz. that that's a.i.. stuart: you got it. ford has announced a price cut to the f-150 lightning?
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lauren: i can't keep track anymore. [laughter] so the f-150l is going to be between $2,000-5,500 cheaper, and they're also resuming shipments on the truck after they had to fix some quality control issues. i don't think the market, whether that's the automaker or the consumer, understands electric vehicles and their adoption can. i have never spoken about so many car price changes as we have this year. stuart: i can't imagine buying into an auto stock like ford at in this point. where's my gain going to come from? maybe a dividend? i don't know. ford's between $12-14 a share, that's it. what's the point? lauren: yeah. they put a lot of money into evs, and they say they're growing their ev presence by 86% in the quarter, but it's still such a -- stuart: show me netted flicks, please. mark -- netflix. mark mahaney is bullish e on netflix. he thinks it's the going up a
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little bit. lauren: morgan stanley says heir going to $700 a share because they have this great track record. they came in, took away your dvds and made you stream, and then they said we're going to insure that you don't share passwords anymore. they did the password crackdown. this has all worked, and new they're coming for video games and live sports. morgan stanley says, no-brainer, this stock is going to $700. stuart: tell me why some of the big chipmakers are down this morning. has a it got something to do with china? lauren: china wants to hone in on their domestic chip mistaking and technology. "the wall street journal" is reporting that beijing hassed told their large telecoms the phase out foreign chips by 2027 which seems abrupt considering the lead that the u.s. has over china. it's about 3-5 years. if you look at intel, amd, broadcom, qualcomm, they get between 15%, half of their revenue from china despite the export controls.
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so that would be a worry p and that is a big reason. this report says that that the china would start the crackdown on intel and apd first. those stocks are down 4% today. stuart: and intel's back at a 36. not long ago it was almost 50, i think. coming up, a "wall street journal" poll finds biden is losing support among black men. if biden doesn't get their full backing, he loses the election. congressman byron donalds will deal with that. next we have a guest who isn't waiting for the government to fix the border. of she's taking action a herself. she'll tell us how she is securing the border. that's next. ♪ ♪ (♪) is bad debt holding you back? ♪ the only limit is the sky ♪ ♪ it's our time ♪
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stuart: we are 11 minutes into the trading session. the dow's off 200, the nasdaq's down 125. it had been worse, at one stage the dow was off 300. an afghan national with terror ties is in custody after being released into the country two separate occasions. mike tobin joins us from el
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paso. how did this happen, mike? >> reporter: well, it's pretty interesting, stuart. that afghan migrant, as you mentioned, is back in custody but only after roaming free in the u.s. for more than a year. federal sources tell our david spunt that mohamed carwin crossed into the u.s. in march of '23. at the time he wasn't on the terror watch list, so he was release with the rest of the migrants, but he reportedly is connected to political party of islam. they're a radical, anti-western group said to be responsible for the deaths of nine u.s. soldiers and civilians. so in february carwin was picked up again, but information about his radical ties, for whatever reason, was not relayed to the judge, so he was released a second time on bail. he has now since men picked up. the dhs released a statement saying as soon as there was information that this individual was of concern, he was taken into custody. meantime, agents in the el paso sector have already raided 136
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stash thehouses which is half of of the total from last year. agents say they worry about the ones they don't apprehend. >> what worries me is the that we know nothing about these migrants that are being kept at a these stash houses. we know absolutely nothing about a them. they could be dangerous criminals, they can be sex ped or to haves, child rapists -- predators. >> reporter: here at the border the texas department of public safety reports they picked up a migrant cutting a hole in the fence, and that's the 21st time they've made such a stop in three weeks. stuart? stuart: mike tobin, thank you. we told you yesterday about a turkish migrant who paid the mexican cartel $6500 to help him get into the country, cross the border. he planned to become a doordash delivery driver when he got here. brought that story yesterday. kate monroe e joins us this morning. she interviewed that migrant at the border. kate, thanks for coming on the show. does something like this happen
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every day, this turkish migrant and his story getting in easily and going to l.a.? >> hundreds and hundreds of times every single day here in san diego. when you interview these migrants, they already know exactly where they're going to work. most of them to are going to go drive can under someone else 's license for doordash, uber, lyft are. that that's the easiest thing for them to do. they know how to dry, so a adrive our citizens around illegally. stuart: none if of them feel they're likely to face deportation? they all think that they're here to stay? >> they do. in fact, that young man told me he felt he was here legally. he said no one stopped me. i paid my $6500. you're going to come pick us up in a van here in a second, and tomorrow aisle -- i'll be in santa monica -- stuart: who picks them up? >> no, they absolutely do not think they're going to get caught. stuart: who picks them up in a van? who's organizing this? >> the cartel drops them off at the wall concierge style, picks
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them up at the airport, and then we drive a van, our border patrol drives a van up the hill, picks them up, sorts them for about 30 minutes to an hour, and then we take them in to san diego, drop them the off at the transit center where they go to the airport, fly on plane tickets and buses that we pay for, lunches, cell phones and new clothes. stuart: and this happens hundreds of times? you've seen it yourself? >> hundreds of times a day here in san diego. stuart: we get reports of chinese nationals arriving at the border all spruced up, clean shaven carrying nice little suitcases. have they just flown into mexico, cartels get them to the border and that's how it works with with those folks? >> that's exactly how it works. they have the number to cartel on speed dial. they call them, get picked up at the airport, dropped off at the wall. those seven turkish migrants first tried to go to guatemala, said no, brazil said no. their buddy ghei them the number
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to the cartel, and now that guy's probably her driving doordash by now. stuart: we said earlier you are taking action yourself on the border, that you are trying yourself with other people, you're trying to secure the border. what exactly a are you doing? >> i would say i'm the ringleader, if you will, of the border vets. i first went down myself and took 400 feet of razor wire that i brought and secured one of the largest entry points in san diego. and then my fellow brothers and and sisters from the military said, hey, we want to help, we want to pitch in. and i said, fine, we have border vets now. let's go down and secure the other two positions along the border. we had no idea it was going to catch like wildfire, that it would go viral and become such a big deal. stuart: well, if it's a big deal, how much razor wire have you put out there there? if how much territory have you with covered? how many volunteers have you got working with you? >> the last time we went out i think we had about 22 vets with us, and we have put up now probably 1500 feet or so of
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razor wire, securing the three largest holes. you do have to go back out occasionally and recover them, but it lasts a couple weeks, and my feeling is if it stops one terrorist, if it inspires the american people, it's the worth the drive9 and the sur pursuit. stuart: and nobody if stopped you from putting out that razor wire? >> no. we actually know9 where the holes are because the border patrol drove us out to the to hole. i said you guys babysit these migrants, and i will go and and secure the border. they clap for us and cheer for us. they love it. stuart: this is a great story. you better come back soon -- [laughter] because we didn't know things like this were going if on. we didn't know there were private citizens tryinged to do their bit, but you are. kate monroe, you're welcome anytime on this program. come back soon, please. >> thank you so much, sir. stuart: you got it, ma'am. thanks,. next, over 40 senate republicans signed a letter to senate majority leader chuck schumer all about impeachment, i
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take it? >> yes. dozens of these republican senators calling on chuck schumer to make sure a full impeachable trial is held for dhs secretary alejandro mayorkas. in a letter e obtained by fox news digital, 43 gop senators demanded, quote, the senate uphold its constitutional responsibility to properly adjudicate the house of representatives eye 'em -- impeachment. this comes as republicans have accused democrat colleagues of planning to initiate is -- a, quote, motion to table the trial. that would effectively kill it. meantime, republicans are planning to hold up all business in the upper chamber if schumer doesn't allow a full trial to play out. the gamesmanship is well underway. stuart: yes, it is. why am i not surprisedsome thanks, todd. coming up, the first of three presidential debates scheduled for monday, september 16th. will president biden be there? he's not saying. my opinion? biden will not debate not because he's walking away from it, but because i don't think he'll be the candidate.
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that's my take, top of the is 11:00 hour. one viewer sent in classic insults like this one from winston churchill, he has all the virtues i i dislike and none of the vices i admire. lauren likes it. okay, we're in business. more famous putdowns after this. ♪
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stuart: this was my idea -- [laughter] i take full respondent for this. >> you should. stuart: from a viewer, we received some classic insults, so we're going to go through some of them, and i want your responses todd and lauren. okay. this is the first one. it's an exchange between winston churchill and lady astor. she said, if you were my husband, i'd give you poison. he said, if you were my wife, i'd drink it. [laughter] lauren: that's actually really good. i love that one. stuart: okay, another one from churchill. he has all the virtues i dislike and none of the vices i admire. >> the guy liked to drink. we know that churchill loved the booze and the cigars, and he also won a war.
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that's a good one, i like that. stuart: okay. lauren: that's how i describe my enemy. stuart: billy wilder, of whom you're nebraska heard, died at the age of 95, here's what he said when he was criticizing a musician. he has van gogh's ear for music. get it? did you get it? lauren: i didn't. and that's why you yelled at me at the top of the show. i sat here. feel better? stuart: i resent that silence. i do. here's another one. groucho marx i've had a perfectly wonderful evening, and i'm afraid -- >> i love that one. it's perfect. lauren: i feel like that all the time. stuart: the entire studio audience liked that one. lauren so far it's working. don't mess it up. [laughter] stuart: mark twain. why do you sit there looking like an envelope without any address on it? >> if. >> i guess that was an insult in 1860. now you need to do better with. lauren: because stamps are so ebbs pepsive. stuart: george bernard shaw, he
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was a socialist, by the way, he said this to winston churchill, he's a founder of my colleague -- here's what he said to churchill. i am enclosing two tickets to the first night of my new play. bring a friend if you have one. in respond if churchill said cannot possibly attend first night, will attend second if there is there one. now, that's clever use of english. i mean, that's good stuff. >> let's face it, churchill is an amazing burn. he comes up with these great burns. imagine him in witter? >> lauren: it would be dangerous. stuart: that's a good one. lauren larp churchill on twitter. stuart: you made that segment work, mark -- what's your name again? >> mark? have a great weekend, neil. [laughter] stuart: you're lauren, as i recall. [laughter] still ahead, least a saw booth, florida congressman byron dons, texas congressman wesley hunt and and gianno caldwell. the 10:00 hour of "varney & company" is next. ♪ ♪
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