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tv   Varney Company  FOX Business  May 9, 2024 9:00am-10:00am EDT

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industrials down about 63 right now. the nasdaq up 4 points. s&p 500 fractionally lower. mark tepper, your final thoughts. >> well, let's hope next week walmart's good, the week after nvidia's good. obviously, earnings have been pretty good so far. let's hope we can continue with that momentum. maria: i'm so glad you underlined those two companies because those will be the ones to watch. >> yeah. good read on the consumer and a great read on a. i.. maria: for sure. monica. >> a record number of americans cannot afford to pay rent. two-thirds of the american people are living paycheck to paycheck. this is going to have massive political implications in favor of president trump restoring a booming economy. maria: jonathan. >> another stormy day today in with this embarrassment of a trial continuing but everyone -- you know, who knows what's coming next. maria: we'll wait to hear the details. guys, great show. thank you so much. and thank you so much for joining us. we'll see you again to. "varney & company" picks it up now. stu, take it away. stuart: good morning, everyone.
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the president gives a rare interview and gets the economy dead wrong. biden says inflation was at 9% when he took office. that's wrong. it was 1.4%. he says inflation is the result of corporate greed. that's debatable. he says we have the strongest economy in the world with. let's just say the president was in heavy spin mode six months from the election. and an astonishing reversal of decades-long policy. biden has placed an embargo on weapons for israel. the president does not want the israelis to finish off hamas. netanyahu insists they're going to do it, so biden cuts off the weapons. in effect, biden is protecting hamas. to the markets. stocks mostly lower in the premarket session. we're down 80 on the dow, the rest are just fractional losses, s&p and nasdaq. interest rates a little higher, the 10-year moving back right around 4.5%, we're now at 4.50 precisely. the 2-year, last time i checked it was 4.84, now it's 4.83. moving a bit lower there.
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oil, $79 a barrel. gas, no change at $3.64 for regular. diesel, no change, $3.96. gold, little change, around $2300 an ounce, it's actually up 9 at 2331. all right, politics. the president if offers new rules for the border. they are not designed to keep people out. our sources tell us the rules simply speed up the entry process. more disturbances on campus overnight, and squad member rashida tlaib is disturbed when other members of congress denounce anti-israel protests. another squad member, cori bush, says protesters have been, quote, violently beaten without prove if case, end quote9. on the show today, a poll in the key swing state of pennsylvania sews donald trump leads joe biden by 4 points. it is thursday, may 9th, 2024. "varney & company" is about to begin. ♪ ♪
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stuart: anti-israel protests turn violent at the university of washington. good morning, lauren. what happened? lauren: nine days of protests and 150 tents, and things got really tense when charlie kirk, a conservative commentator, was on the campus to speak. pro-palestinian protesters tussled with news crews, you're watching some of it now. and at one point they spray painted the news cameraman's campa -- camera. that's vandalism. there's other points in this video where you see these protesters that are wearing ski goggles and helmets dressed in black using black umbrellas as a shields. it's such a menacing look when there have been no arrests made on campus. so it's not like they're trying to fend off police. nobody was arrested. that's the university of washington. in oregon a pro-palestinian group is claiming responsibility for setting fire to at least 15 police cars at portland police training facility.
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this was last week. they said they set the fire because they knew the officers were going to sweep the portland state university library where the protesters had occupied. stuart: the violence is not over on campus. lauren: no. of it's men menacing. in fact, it's growing in some places. stuart: thank you very much. now this, president biden thinks he's doing a great job on the economy despite what voters think. roll it. >> voters, by a wide margin, trust trump more on the economy. they say that -- with less than six months to go until election day, are you with worried you're running out of time to turn that around in. >> >> we've already turned it around. look, look at the michigan survey. 65 of the american people think they're in good shape economically. they think the nation's not in good shape, but they're personally in good shape. the polling data has been wrong all along. stuart: your data is actually wrong. ad adam johnson with me this morning. the president claimed that inflation was at 9% when he took office.
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that's wrong. it was 11.4. >> correct -- 1.4%. >> and went to 9 on his watch, and that's part of the problem. we have an inflation problem. and we're with, by the way, about to have a tax problem because he wants to raise tax. we already have a spending problem because we spend too much money. president biden, and he'll never do this, but he should actually take a lesson out of president trump's playbook. i'll tell you why. you remember back in 2018, it was november, december, the year was about to end, and everyone was so certain we were going to go into recession. and then -- trump, thank you. isn't that funny? president trump, it's hard to say, then-president trump said, you know with, why is this man at the federal reserve raising rates? he needs to cut rates. and he pushed and he pushed and he said jerome powell is screwing up this economy single handleedly. and he put the blame on jerome powell. actually, joe biden could do the same thing.
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he should say why are you starving this economy, jerome powell? we put you into that office, right in but the thing is democrats, they stick together, republicans don't, all right in and that's been part of the problem in the house. republicans don't stick together, democrats do. here's a case where a democrat president would be well served by not sticking with someone over at the federal reserve by showing a riff, putting the blame on the federal reserve for leaving rates too low for too long, that created inflation and now leaving them too high for too long. stuart: well, he also a blamed corporate greed for inflation which mistakes no sense at all, but that was the president on cnn last night. adam, stay there, more for you later. trump's new york trial resumes today, and stormy daniels will be back to take the stand. byron york is with me. do you think stormy's testimony is helping or hurting trump? >> well, first of all, you never know how the jury is taking it. we have no idea with. but as far as what i'm -- my opinion here is, i think it's actually hurt the prosecution.
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i mean, in the cross-examination she came out and said she hated donald trump, just flat out hated donald trump, and she actually wants to see him go to jail. and also not enough attention has been paid to this, she owes him more than $500,000. a judge in california, a judge has ordered her to pay him for legal expenses over a lawsuit. and she has refused to pay him and said she'll go to jail before she pays him a penny. so a court order, a judge just like the judge in this trial ordered her to do something, and she's defying it. i don't think any of that helps her credibility in this case. stuart: do you think this will be the only trial of trump that we get before the election? >> yeah, yeah. i think the news we not from florida -- got from florida about judge cannon saying that the trump documents trial is basically delayed indefinitely, that's an incredibly complex case with zillions of pages of
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documents, classified information which means everybody's got to have a clearance, it's just an incredibly complex case, ain't gonna ap happen. as far as the georgia case, the whole fani willis thing seems to have ground most of it to a halt, and she wasn't predicting it was going to be done this year even before her problems came out. and that believes the jack smith case about january 20th -- excuse me, the 2020 election and january 6th, and that case looks like it's going to get stuck in legal wrangling with the supreme court. stuart: can you conclude that biden's lawfare strategy is falling apart? >> not yet. there's a couple of things. one, you know, last year we were all talking about what effect would being indicted have on trump's political candidacy. well, it helped him. it helped him in the republican primaries. then we've said, well, what effect would be an actual trial
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on him? and so far in the polls that we've seen, it just hasn't hurt him. we're in week four, it hasn't hurt him. but still there are voters who tell pollsters that they are open to to voting for trump, but if he were a convicted felon, if he were convicted of a crime, they would be less open to voting for him. so we have to see if trump is convicted, if that actually does change voters' minds. clearly what democrats are betting on, but we don't know that's going to happen either. mur. stuart: no, we don't. a new poll shows donald trump leading joe biden in pennsylvania. numbers, please. lauren: it's a hill poll and trump is up by 4 percentage points, 49 and biden has 45% of the vote. if you rook at the real clear -- look at the real clear politics voting average, the two candidates' dead heat nationally, the numbers there the trump 46, biden 45.
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so this poll is showing in the swing state of pennsylvania, trump is starting to take a more significant lead. t not happening just in pennsylvania. he's actually up by an average of3 points in all 7 swing states. stuart: wait, in all seven swing states? lauren: according to the rcp average, yes. stuart: that's a nas if nateing trend -- fascinating trend. let's get back to the marks. it is thursday. premarket shows futures largely in the unchanged, frankly, no clear trend this morning. adam johnson back with us today. you were saying -- >> yes. stuart: -- buy the dip. >> i am. stuart: you always say buy the dip. >> i was going to say -- [laughter] the people who who know me well say, yes, you always say that, you paren if y'all bull. i'll tell you why. yes, i know there are problems with the economy, notably with inflation, but earnings growth is very strong, stuart. that's the message over the past several weeks. we have earnings up on average almost 6%, revenue's up almost 4%. in fact, i would make the
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argument that stocks are arguably the best hedge against inflation. people are still fully employed and because they're employed, they're making money. and because they're making money, they are spending money. and because they are spending money, they are generating profits for u.s. corporations. remember, two-thirds of our economy is consumer-driven, so having people employed is very good for the economy, and we're learning it's very good for earnings season. that is why i am very comfortable owning dips ooh right now. you also have the kicker or of artificial intelligence which is such a powerful engine, stuart. stuart: unproven at this point. >> unproven because we don't exactly know what we're going to do with it. but i'll give you an example. a company you and i have talked about before which is converting walmart's 47 warehouses into fully autonotized, robot ec warehouses. you don't need people, they work 24/7, they almost never break down. they're smarter, they can pack trucks, repa pack trucks, if a
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store needs new items, it gets sent to the warehouse via computer. that is going to save walmart significant amounts of money which means their earnings are going to be higher. there's a palpable example of artificial intelligence. it's not just about microsoft or meta or goggle. of it's about companies harnessing the power of a.i. to actually improve profitability. stuart: all right. stay there, adam a, more for you layette -- later. coming up, congresswoman alexandria ocasio-cortez says the vast majority of anti-semitism in america comes from if those on the right. roll tape. >> we know that the vast majority of the the rise in anti-semitism per the fbi report that you cite is from right-wing nationalist violence. stuart: bret baier lays out the facts. he's in our next hour. president biden put an arms embargo on israel. watch this. . >> if today go into rafah, i'm not spry. ing the -- supplying the
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weapons that have been used historically to deal with that problem. stuart: is biden allowing hamas to win? that's a very good question, and and is we'll answer it next. ♪ we are people living with afib. ♪ and over 400,000 of us have left blood thinners behind... ...for life. we've cut our stroke risk. and said goodbye to our bleeding worry
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stuart: president biden says he will not supply israel with weapons if they launch an attack on rafah. mark meredith at the white house nurse. mark, is he able to do that without the approval of congress? >> reporter: well, stu, some congressional republicans say, no, that would not be possible, but we have certainly seen the white house come out with this stronger argument that it wants the israeli military to do more to protect the civilians living in gaza. this latest warning about potentially withholding military aid does show the contrast of
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what we've seen between the u.s. and israeli relations. as we've talked about, the president's warning here is an indication that he wants to see a change in tone coming out of israel if the idf were to go into rafah. the white house has made it very clear it's going to supports israel, however, there are going to be limits when it comes to america's closest mideast ally. >> i made it clear that if they go into rafah -- they haven't gone into rafah if yet -- if they go into rafah, i'm not supplying the weapons that have been used historically e to deal with rafah, to deal with the cities, to deal with that problem. >> reporter: this morning republicans up on a capitol hill strongly urging the white house to to to to rethink imposing any such conditions on israel. among these speaking out, house speaker mike johnson. >> it would be devastating to our closest ally in the region, and it would go directly against the will of what the members of this body voted on just several days ago. >> reporter: we're also hearing from the israeli foreign minister who wrote, israel will
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continue to fight hamas until its destruction. there is no war more just than this. the white house, remember, is under increasing pressure to appease younger americans or, especially those who have been on college campuses like this one in cambridge on monday who are demanding a ceasefire in order to save lives in gaza. some far-left lawmakers have also said hay want the white house to show more support to those protesting. the white house says it's not tolerate aing violence on these college campuses, however, these protests they want to be handled by campus, they don't want to say anything specific on these protesters. stuart: mark, thank you very much. victoria coates joins me now. victoria, now, this is my opinion, it seems to me like president biden is letting hamas win. what say you? >> well, good to be with you, stuart. no, it's precisely that, that he is in the business of trying to restrain israel makes no sense. the people who could end this tomorrow, end the suffering of the palestinians in gaza, is
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hamas. hamas is the one that has embedded these last four or five brigades in rafah where all those civilians are. they're the ones who control the situation. so the idea that you're going to restrain israel, tell them they have to remain within their borders, they can have some iron dome resupply but that's going to be it and they can just sit there and wait to be hit, this makes no sense. stuart: what kind of message does it send to america's other allies? >> it sends the worst possible message. and if you think about a country like taiwan which would also be reliant on the united states if the event of a conflict with china, what they have to be thinking about this morning is, gee, if we get crosswise with the biden administration politically, they may not be there for us when, you know, in our hour of greatest need. and the one other thing, stuart, that we have to remember is there are 8 americans who are still in gaza potentially in rafah. . five of them are alive, three of them are dead. that's pretty ghoulish, that they're just happening on to the bodies. the president doesn't spare a
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word for them or about efforts to get them back, and all he seems to be concerned about are palestinian civilians. stuart: take a look at the squad member, rashida tlaib, taking aim at colleagues who denounce the anti-israel protests. watch this. >> it is incredibly disturbing though, you all, that my colleagues are so quick to denounce the student protesters but are silent about these young people, about a why they are protesting. i want with all the democrats and republicans to know they cannot arrest their way out of this growing dissent. every corner of our country. people of different faiths, different colored skin, ethnicity, backgrounds of different types are coming together and saying, palestinians deserve to live. stuart: victoria, the democrats are clearly split. last word to you. >> yes. i mean, i do think you see a division there. and i think the political trap is what the president finds himself in. he needs representative tlaib's constituents, you know, to win
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in michigan. he can't, he can't win otherwise. and and so he's -- that's what he's pandering to. but we need clarity from him that the united states does not stand for anti-semitism. we stand with israel, and we stand for the defeat of hamas. stuart: got it. victoria coates, thanks for joining us this morning on an important day. we appreciate it. >> thank you. stuart: we showed you last week when anti-israel protesters broke into columbia university's hamilton hall. three janitors said they were held hostage. well, they spoke out about a it this morning. what did they say, lauren? lauren: they were petrified. they worked the night shift. watch some of their reactions here. >> the entire tw work force in the building was fearful and and rightfully so. they stormed in, but in particular two of the custodians had to fight their bay out. they were expolice sitly told, you're staying here, you're not going anywhere, this cause is bigger than you. imagine that. imagine two kind of smarmy sort
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of entitled, spoiledded bratty occupiers of the building come in and tell these blue collar men and women, you're not going anywhere, you're staying here because this cause is bigger than you, and they had had to get home to their families. lauren: that is so elitist. that is the head of their union. these men and women were working hard, the late shift, to support and provide for their families. and they're held up by students saying a cause is greater than what they're doing and that union is now suing columbia. finish. stuart: that guy also went on to say that one of the instigators was an outside activist, 40 years old. lauren: 40 years old. yeah, organized. stuart: that's what he was doing. thanks very much, lauren. come back in here, adam johnson. seems to me that the authorities in red states have dealt far better with anti-semitism on campus than the authorities in blue states. >> by design. remember what's happening here, stuart, is part of a much bigger narrative, right? if it's to oppressor versus to
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oppressed. the democrats have adopted that as their own because it justifies bigger government, and democrats stand for bigger or government. if you are you are oppressed, there are oppressors out there, and the democratic party will save you from them, you know? that's the mentality. it started with george knowed. it then -- george floyd. it then became black lives matter which became defund the police, which became stand up for migrant rights in sanctuary cities and now it's israel versus the palestinians. it's the oppressor versus to oppressed narrative. the democrats have owned that, they want to own that. and that is why in blue states you are seeing politicians and and police forces allow much more to happen ap than in red states. stuart: thanks, adam. quick check of futures, please. we're looking at the dow, down about 60. no change in the s&p, dead flat. nasdaq almost pretty much dead flat as a well. the opening bell is next. ♪ listen what i say-o.
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although the dow is down about 60 points. gary kaltbaum with us today. all right, gary, you sold your big tech, but you want to get back in. so when do you get back in, and which big tech stocks will you buy? >> well, we sold the day after the big top on march 8th. first one we'll look at is nvidia. the good news is it's starting the tighten up a little bit. we haven't bought it yet. and the last time nvidia went into range bound, it was five months, right now it's only two months, so it may take more time. now that jay powell has looked at his political side and is easing monetary policy already, maybe it goes quicker. i like amazon. if amazon breaks out of the range it's in, we'll be in. google, not as sure, but that still acts well, we like that it gapped up. and a stock i haven't owned in ages, qualcomm, really starting to perk if up with accelerating earnings and sales. we're not in yet but definitely on watch. and with interest rates starting to come down and jay powell with the easy money again, i think
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that we're getting closer to it. stuart: you know, a lot of our viewers don't move in and out of stocks. they buy and hold for a very long time. what do you say to them? >> as long as you're holding is working. i can give you a laundry list of stocks that are still down 50% or more. some very famous stocks from 2022 not to mention citi group's down 95% from 2008. so, again, or it's great to hold long term, just make sure it's working because i will tell you times are always a-changing. new, great companies you get this in technology especially obsolete. what's great yesterday is not great today. and new names, we're always looking for. nobody heard of nvidia a few years ago. every day we're looking for new merchandise, and we'll find it. stuart: got it. gary kaltbaum, thank you very much, indeed. the opening bell is about to ring. yeah, press the button and away we go. the dow has opened with a very
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small loss. you're down about 60 points in the early going -- lauren: [inaudible] stuart: it's not closed at a loss. lauren: correct. [laughter] i stand corrected. stuart: keeping you straight there, lauren. the big board, okay, we got that. the dow is down 60 in the early going. s&p 500, where is that? it is up a tiny fraction, i'm going to call that dead flat. the nasdaq composite, slightly higher, 23 points. that's .14% so not that much movement in stock prices in the early going. big tech, i've got two losers, apple and meta. i've got three winners, alphabet, amazon and movement i want to start looking at a individual stocks now with arm. they had a blowout report, and why are they down 5%? lauren: yeah, lukewarm forecast for the year with. that's sending the message to investors today that this red-hot a.i. spending might be slowing down. so what arm does is it designs chips, and it collects licensing fees from nearly every smartphone company on planet earth. so why this blah forecast in
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well, arm says it's hard to pin down the timing of some of these licensing deals, and the street says enthusiasm around a.i. has dim canned. that's why the stock -- which has doubled since the fall, september ipo, is down 6% today. stuart:s has enthusiasm around a.i. dimmed a little? >> no, but i think actually to lauren's point it has actually kind of taken a step back as have we all and said, okay, what's happening here? we got kind of drunk on a.i. fair enough. there's a lot to get drunk on. but, you know, you never want to have that last one at the party, you know? put down the glass, just think about it, okay? and i think that's what we're all doing with a.i. stuart: okay. big drop for airbnb. they reported and now they're down 5.8. i thought row bust demand -- lauren: it was a great report card. they said even during the solar i cleanse they booked half a million -- eclipse they booked half a million stayses. this is a brutal and overdone
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reaction, in my opinion. i think airbnb is now considered a mature company, and we're seeing growth become limited. the stock is also down, this is a theme, weak guy dance for this current quarter -- guidance. what this does is send the message to investors that are worried that, yeah, maybe the overall economy is slowing in travel which has been a bright spot. tour fourth with a lot of these earnings reports, we see the guidance as being the motive, and that's what moves the stock. >> yes. stuart: the guidance comeses around usually lower -- >> which is logical because stock markets always look forward. the same thing happened, by the way, to my expedia which i own. it was down 5, 10% on the same day of earnings just like airbnb, and it was because bookings were a tad, the smallest bit, below the estimate, the whisper number. unfortunately, that's what we're dealing with. stuart: roblox. they reported earlier, and i think -- they're way down, 20%. lauren: look at this. stuart: did the call, the guy. dance do them in? lauren: game over?
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that's what this reaction is acing -- saying. yeah, it's the guidance that is responsible for this 221 decline right out of the gate -- 21%. revenue did also disappoint9 a roblox, so it's partially past performance and future worries. it came in about $120 million short. roblox, very popular with kids. they're investing bigtime to build out their metaverse, the virtual space for kids and teens. but, quite frankly, the weather's nice outside, kids might have other things to do. enter yeah. >> yeah. get on your bike. go build a treehouse, for crying out loud. put the damn phone down. stuart: krispy kreme, there's roth of speculation that ozempic will hurt them -- lauren: it is not. slightly lower. it was a strong performance in the quarter. eau bust demand for their doughnuts -- robust demand for their doughnuts as all these people are on these weight loss drugs -- stuart: the idea that ozempic will cut into food companies,
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we'll eat less as a -- lauren: food companies will change how they market products and the size of those products. stuart: okay. tapestry. coach and -- lauren: kate spade. stuart: this is not -- i'll bet the call, the guidance was off, wasn't it? lauren: in china. they're big in china. yes, the call, they trimmed they are revenue guidance. these are the themes of the week. they're also trying to buy the owner of michael kors, capare ri, and regulators are trying to block it. stuart: and here's my favorite story of the day, beyond meat. lauren: why is it your favorite? if. stuart: because, obviously, people are not buying it. am i right in. lauren: the stores, the distribution outlets that perform beyond meat aren't buying it. beyond meat is now in 4,000 fewer places during the quarter than the last quarter. it's being dumped. so they're coming out with a new burger, and this burger is healthier, it has more protein. they're trying the flip the script. don't think it's going to work. >> maybe they should put meat in
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their burgers, what do you think? if. stuart: that wouldn't save the planet. >> we could call it going back to meat. [laughter] we went beyond and now we're back. stuart: all right -- lauren: [inaudible] stuart: we do. we were very interested in it when beyond meat first came out. lauren: oh, yeah, it was all the rage. they were doing fake fish, fake chicken, like, everybody was getting into the plant-based -- stuart: yeah. but we didn't buy it. another streaming service bundle coming, who's coming together? lauren: disney, warner brothers-discovery. so this is just like a cable bundle. it's a streaming bummed. ing, sign of the times. you can get disney+, hulu, max all in one place. we do not know the price tag yet. the message from the streaming companies is bummed withings work because they cost less, you get more. it's less confusing in the end, not so much a la carte, and it helps reduce churn. customers are more loyal. we'll see what they charge. i say 30 would be a good price pro. [laughter] stuart: adam, you're up.
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i want your stock pecks. >> oh, yeah. draftkings, number one. people will say, oh, adam's late to the party, it's at $42. why didn't you like it at 10? fair point. i think it's going to $800 -- 80. lauren: they're at 42 now, they're doubling? >> oh, yeah, i think the stock is a doubling from here. it's a better mousetrap. doordash, better eating at home, uber, better mobility, air b if nb, better hotels, draftkings, better betting. they have 30% market share, i think it's exciting. stuart: got it. next one is block, formerly known as square. >> yes. the artist formerly known as square. [laughter] yeah, i love this company. in fact, just yesterday barclays said, hay think t going into the s&p 500, and that announcement could come out in a few weeks. not why i own it, however. this company is trading9 21 times earning, that's the same as the market, but it's growing at 20%. the shorts have been hammering this company for about a year because they say, oh, they're
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fake accounts. that's not new. there was a story out of nbc that there was a new investigation, not new. just own the stock. [laughter] stuart: where's it going? 71 now, where's it going? >> this is going probably up towards about $10. -- 120. stuart: in a year in. >> yes. i bought this down at 40, so i've almost doubled my money, and i think this is ultimately going to be a triple of quadruple. there used to be the thing where you put the white square, well, now it's a cash app, and that's actually 50% of their revenues, and they're doing payroll roll and everything else. it's an exciting company. stuart: okay, thanks very much, adam. coming up, the administration is expected to change the rules of the asylum system. our sources say the changes would simply speed up the entry process, wouldn't keep people out. we've senator ron johnson on that coming up. in denver migrants refused to leave their encampments unless their demands are met. what do hay want? better food, free attorneys,
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unlimited shower time and a doctor on premises. we're following it for you. even cnn admits stormy daniels' testimony has been disastrous for alvin bragg. roll it. >> her responses were disastrous. i mean, do you hate donald trump? yes. of course she does. that's a big deal. when the witness hates the person whose liberty is at a stake, that's a big damn deal. stuart: yes, it is a big deal. well, stormy is taking the stand again today. does her testimony hurt the prosecution in we'll discuss next. ♪ ♪
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investment opportunities are everywhere you turn. but at t. rowe price, we're letting curiosity light the way. asking smart questions about opportunities like advances in healthcare. and how these innovations will create a healthier world tomorrow. better questions. better outcomes.
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stuart: donald trump's new york criminal trial resumes today. stormy daniels will be back on the stand. eric shawn is at the courthouse. all right, eric, are we going to hear more salacious testimony today? >> reporter: well, we're going to hear some testimony from stormy, it likely will be stormy
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because president trump's attorney will be handling that cross-examination. but first, stuart, the president when he arrived here at court a few moments ago, he said that his a lawyers have gone to the appellate courts to try and overturn judge juan merchan's gag order against him, the former president saying he believes that is unconstitutional. as far as stormy is concerned, we saw her this morning. she entered the rear of the courthouse about 45 minutes ago and is set to take the stand at this hour, in fact if, any moment now. and the cross-examination if will likely not be very pretty. necklace, man, oh, man, did she really slam her story on tuesday when she started to cross-examine the porn star. she portrayed her as a lying trump hater who fabricated her detailed claims on having sex with trump back in 2006. that's when they met at this celebrity golf tournament in lake tahoe and took this photograph. stormy testified in detail about that encounter, that she said 10
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years later prompted michael cohen the contact her agent to quash the story. stormy said it was the release of that access hollywood tape that motivated cohen and she said trump to try and stop any more sex scandals from hitting the campaign. but trump's attorney had one of that saying, quote. am i correct that you hate president trump, she asked. yes, said stormy. you want him to go to jail, right? i want him to be held accountable. >> you are looking to get, to extort money from president trump, right? false, said stormy. well, that's what you did, right? false, she said. well, as stormy testified the defendant the former president could be seen reacting, so judge juan merchan summonedded trump's lawyer, todd balloon with. , to the bench and told him to tell trump to cut it out. quote, i understand your client is up9 set, but he is cursing audibly and shaking his head visibly x that's contemptuous. it has the potential to intimidate the witness, and the
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jury i can see that. blanche said, i will talk to him. the judge said i'm speaking to him at the bench because i don't want to embarrass him. you need to speak to him, said the judge, i won't tolerate that. meanwhile, a noticeably ab sent thing that i saw at the court on tuesday, prosecutors had never if asked stormy daniels why michael cohen made that deal to keep her quiet. she said from her point of view, she wanted to have some money. shal a said she didn't care about the money, she said he wanted to be safe, but they never asked her why they made the deal. that certainly does not help the prosecution case. if susan necklace asks her that today and she says i don't know, expect the trump defense attorneys to really try and run with that. back to you. stuart: eric, you're going to have an interesting today in court. eric shawn, right in the middle of it. thank you very much. a legal analyst at cnn claims stormy daniels' testimony is disastrous for alvin bragg. roll it. >> her responses were
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disastrous. do you hate donald trump is? yes. of course she does. that's a big deal. when the witness hates the person whose liberty is at stake, that's a big damn deal. and she's putting out tweets fantasizing about him being in jail? that really undermines the credibility. the fact that she owes him $5000,000 -- 500,000 by order of a court owes donald trump a half million dollar cans and says i will never pay him, i will defy a court order, the judge is going to say she's not willing toment respect the order of a judge, why is she going to respect this oath she took? stuart: how about that? elliott question big is with us, a former manhattan d.a. prosecutor and joins me now. elliott, does her testimony hurt the prosecution? >> a big part of the job as a prosecutor is prepping your witnesses for trial. you can prep them two. times in your office, five times, ten times in your office, but until they actually hit the stand, until they're in the courtroom, you really e don't know how the testimony's going to go in. and i'm sure they prepped her hard. but, look, the defense landed some serious punches as that
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segment indicated. when you have a witness who admits that they hate the defendant, of course it has the possibility of coloring all of their testimony. inearth by at a tile -- inevitably at trial when the prosecutors call a witness that has embarrassing stuff in their background, in summation they try to fix it by saying notwithstanding this person's flaws, they don't have an incentive to come in here and and lie, they don't have an axe to grind. she took that argument away from the if prosecutors. they can't say that because she admitted she hates him. stuart: the georgia court of appeals has agreed to review the ruling that allows fani willis to stay on the trump election case. is that case falling apart? was if willis is removed -- because if willis is removedded, they have to start all over. >> if it hasn't fallen apart, there's no way t it's going to trial before the election. it never really was likely to, it was always last in line. but want to make one other point, georgia is a long way from new york not just
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geographic through -- gee graskly, but also i'd a logically. in georgia virtually all of the appellate judges are republican appointees. now, i want cases decided upon the merits, not on politics, but there's no question georgia, much less hostile terrain than new york fortop the trump. stuart: the lawfare idea is falling apart, it seems to me. elliot, thanks for joining us. sew you again soon, i hope. >> thank you. stuart: coming up, biden has suspended arms sales to israel. in effect, biden is saving hamas. that's my take, coming up top of the hour. the cost of college keeps going up. result? fewer people are enrolling. they question whether it's worth the price. that report is next. ♪ and i'm free, free falling ♪
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daughter: hey, dad. dad: hey, sweetheart. daughter: what are you doing? dad: i'm gonna clean the fence. daughter: it's a lot of fence. dad: you wanna help me? dad: aim at the wall, but get closer. daughter: (gasps) what the?! daughter: alright. dad: side to side. when you work with someone who knows a lot and cares even more... you can do this. ...you're unstoppable. (♪) wow... are you kidding me? you can do this. at truist, we believe the same is true for banking. (torstein hagen) in my simple world, there are only three things that matter in human beings. first, they have to be kind. kind. second, they have to be honest. and third, they have to be hard-working. it's very simple. wherever you are in the world, when you come to a different culture, you meet people of very different backgrounds, but you find out that they have the same ambitions
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and the same fears just like yourself. i'm so sure that travel is good for the world. it's really the best to engage with the locals and the destination. and i think travel helps broaden the human mind and makes us kinder. and that's fantastically valuable.
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stuart: colleges and universities are seeing record declients in revenue. madison alworth has the story. how much is enrollment down in 4-year, public colleges. >> reporter: right, public schools. it's down half a percent from
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2022 to 2023, but since the pandemic, it's down 6. public colleges are struggling with a decade-long trend of falling enrollment, and with less operating costs -- and operating costs continue to go up. students are turning away from these 4-year colleges questioning if it's worth it. i want to break down these new numbers that we have. enrollment in public colleges declined in 25 states between 20322 and 2023. ohio saw the greatest amount of students deciding not the to enroll in their full-time public universities. and that falling enrollment is hitting the colleges' bottom line, of course. in 2023 public colleges and universities saw the largest decrease in tuition revenue per student on record. if this means universities, these public ones, they're having to rely on state funds for fiscal support. for only the second time since the great recession, state funding to public colleges is exceeding per-student funding levels. so more money9 from the government despite less students attending. 2023 is the 12th straight year
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that we've seen a decline in public school enrollment. these new numbers, they're coming amid growing scrutiny about the amount of public funding that goes to these colleges, and it shows that students are turning away from a 4-year degree as both value and values on campus are yesterday. you know, we talk a lot and i've been out for the last two weeks at the private scoops, i've been seeing so many of these issues on campus. public schools also facing trouble. stuart: adam johnson, are colleges pricing themselves out of business? >> it's starting to feel like it. i went to princeton, and the cost of tuition now is $88,000, that's more than four and a half times what it cost we when i was there. that's a lot more than the rate of inflation. lauren: it used to be a ticket to the upper middle class, the wealthy class but now, unfortunately, partially because of these protests, that degree might not mean much to employers who say, well, it means you've been indoctrinated with values that we don't care more.
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stuart: -- care for. stuart: what intrigues me also is the gender balance are, i believe in universities and collegesst it's 60 women, 40% men. how did that happen? and why did it happen? do you have an answer to that question? >> reporter: stu, i'll come back tomorrow if bring that finish. lauren: it could be the trades. when i was at a lin on the -- lincoln tech the other week, they said women were enroll, but i saw all young men looking to create generational wealth and change the circumstances for their community and family. >> yes. and, by the way, in the trades you can make $100-250,000 a year. you don't need a 4-year -- lauren: for $30,000. stuart: adam, thanks for joining us, always a pleasure. still ahead, wisconsin senator ron johnson, bret baier, lisa boothe and florida congressman mike waltz. the 10:00 hour is next. ♪ if i need your love ♪ ♪ i need your love ♪
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