Transcripts For FBC Varney 20240704 : comparemela.com

Because the producers told me, and she does have a wonderful voice that. Is an ugly picture of the Empire State Building surrounded by ultimatelily buildings on either side. Lets get on it. 10 00 eastern and lets get to the money. Im showing you all 30 of the dow stocks and lets give you a sense of the market. Theres buying today and about twothirds, almost three quarters of the dow 30 are up and the dow is up about 80 points, 34,800. The 10year treasury yield moving up again. Watch out, sports fans. 429 on the 10year and price of oil was going down and now its back up to 80 a barrel and bitcoin, last time we checked it was below 29 grand. It really is back to 28,356. Thats the markets, now this. 16 young people in montana went to Court Alleging theyd been harmed by Climate Change and the States Energy policies. They won. The judge said and im quoting now, plaintiffs injuries will grow increasingly severe and irreversible without sciencebased actions to address Climate Change. So, the courts now dictate Climate Policy, no matter what voters want. Hey, montana, youve been disenfranchised. Wait, what injuries did the young people suffer . A young woman named grace claimed smoke from wild fires had an adverse impact on her ability to play competitive soccer. I guess the court believes fires are caused by Climate Change. That is debatable, isnt it . A laugh named georgey said climate disruption interfered with nordic skiing. But the snow pack has been normal to above normal for the last seven years in montana. I dont see much disruption there. Another plaintiff claimed to feel heart broken and desperate by the climate discussion. No surprise there. The gloom and doomers have dictated the climate discussion for three decades and the 16 youngsters won and opened a pan it doras box and it was brought by a suit called our Childrens Trust this is a law firm. Lawyers nationwide will be running with their childrens crusade, voters be damned. Second hour of varney just getting started. Stuart all right, the man on the right hand side, pete hegseth. Glad to see him this morning. Pete, this is an example of courts dictating Climate Policy and usurping the rights of voters. What say you . Well, absolutely. The crazy part about this is does that mean any young person or anyone in america now has standing . Stuart exactly. To say anything negative in their life, emotionally or physically ryan higgins with the weather is something they can sue for . This it is one of the most insane stories ive seen and we are in the business of looking at insane stories. This needs to be challenged all the way to the Supreme Court and shot down as fast as possible. You think possible. If you think were lura litigation nation or dictated by courts and lawyers, wait until an entire agreged generation can decide their failure in life can bed a jute indicated in court and what adjudicated in court. What are the damages theyre suing for . Money . Stuart its a change in policy. Stuart, its insane. Stuart it is. Okay, so is china group of people that change their policy . Is anyone educating these kids stuart sue them. Really, sue china, india, and everywhere else building coal fired power plants by the minute as we suppress all domestic energy. Stuart heres another just for you. The Fairfax School district in california will defy governor youngkins policies for transgender students using bathrooms and pronouns. What do you think to that . Either the governor has a policy or he doesnt. Govern herb youngkin has to throw down. If you criminal the department of education, which the left has done for decades and remade the whole thing and youve decided simply based on the will of the voters that students should play in sports based on assigned gender at birth and us bathrooms for their gender assigned at birth and the School District defies it, you have to go back by them and tell them they have to abide by the policies of the state. Its the parents in fairfax protesting about this the most in the beginning. Yet the insulated School Boards and local government there says we dont have to listen to the will of the people. Not a legitimate governor here in virginia and those policies wont stand. Youve got to keep fighting day after day and that means yes, glen youngkin, you won on the education of education. You almost stumbled into it. Now its time to go to bat for those parents because its not easy, the left will keep fighting back. Stuart well, youre fired up, pete, and youre going to get even more fired up when you hear about this one. You know all about it but listen to this. The master mind behind the 9 11 terrorist attacks and four coconspiracy may may avoid the Death Penalty and the administra considering a plea agreement that would remove the possibility of a Death Penalty. You served in afghanistan after 9 116789 11. Urn a guard at gitmo where terrorists are being held. How do you feel . They should have seen the Death Penalty a long timing a and interrogated for the actionable intelligence they had and given speedy trial and executed. I was there in 2004 and 2005 with 700 detainees at guantanamo and felt like the gears were working. Then lawyers, international organizations, un types, threw muck into the gears and said these terrorists should have Constitutional Rights and rear we are 20 years later cutting a plea deal. This government is good at cutting sham plea deals, with the master mind of 9 11. How many detainnies are back running the show for taliban . Weve already failed and need to make sure that mohammad pays decades for the American People and what he did. Stuart it just makes us look so weak. Sorry to interrupt you. If we cant do something serious with the guy who killed 3,000 of us, whats wrong with us . Last word to you, pete. Arent we weak . No, but isnt it shows we are weak the ability to prosecute the wars and drawn out ineffectual . Its extremely regrettable. It doesnt take away from the courage of so many for so long and are we preparedded to fight china and do what we need with the enemies . Good question. Stuart thank you, pete. Always good to see you, sir. We told you how the Fulton County Clerks Office posted a list of trumps charges hours before the grand jury actually approved them. Lauren, whats the dont know the importance of this but whats the clerk saying now . Lauren the clerk is saying shes only human and made a human mistake so basically she hit send instead of save like she wanted but do you remember when this happened, roaders reported the story and saw the charges posted and the clerk came out and office backtracked saying no, no, no, its fictitious. It wasnt fictitious, it was 100 accurate but wasnt real because it didnt have a stamp of approval on them. The fact of the matter was the grand jury was deliberating at the time of the post. The issue is with what the clerk said. Dont call it fictitious. Say we made an error. Stuart whatevers is. Whatever it is. In the great scheme of things, thats a very minor issue, know what i mean . Lauren okay. Stuart little mistake with posting like that. Lauren its a big deal. Its the charges that they called fictitious. We didnt know what was going on. Death threats going to that office because of it. Stuart got it. Go to the markets, please. Lou is with me in the studio for the hour. Lucky guy. We should be on red alert this. Is the last thing that we want. Chinas economy is crumbling from the inside out and seeing exports diminish and the economy decelerate and this was supposed to be a forever growth story. Its really scary and we were talking about it in the segment before about how weak we are. At a time like this, china knows they can take advantage of our weakness and i worry alabama the biggest risk. What keeps you up at night, china invading taiwan and they have all the inceptive and semiconductors at the forefront of future of Economic Growth and taiwan holds 60 of major semiconductors. Stuart what would that do for the market . Not good news. Running for treasuries like youre there and youre the genius in that scenario. Its the black swan event no one wants to happen. Stuart i think it was the last time you were on or the time before that, you said you would not touch disney stock even with my money. Thats right. I respect you and like you. Im looking out for you, friend. Stuart you dont like any streamer, do you . The streaming market has gotten extremely competitive. If you looked, the average household has now five streaming services and if we look at what that costs economically, its greater than the cost of a standard cable package. Over the years the whole issue and argument for streaming services and cord cutting was its cheaper and you can get what you want a package of the most Popular Streaming Services is 87 a month and comparable cable package is 83. Weve hit peak streaming, cord cutting, tv its funny because tv viewership hit lower level and dropped blow 50 . The pendulums always start to swing and i dare say we might have a comeback for regular tv, especially if we hit a recession. Stuart i like to hear that. Lets move on to the movers and sisco up 4 . Lauren number within on dow and s p and double digits and 15. 2 and the move is because ofrder rebound. Network equipment for artificial intelligence. Sisco has silicon 1 networking chip and 500 million orders for ai to date. Stuart a headline that wall greens is closing another store in San Francisco i think. Lauren yeah, berkeley to be exact. Stuart berkeley, california . Thats not San Francisco. Lauren its down 2 because of crime. Stuart thats not San Francisco. Its not San Francisco. Its berkeley and thats way down. Lauren theyve closed some in San Francisco too though. Stuart yeah. Lauren theyre citing left and crime, but also just a change in consumer. Stuart yep, got it. Cvs health. I believe theyre sharply lower. Lauren yeah, they were dumped by blue shield of california and their pharmacy manager called care mark and they prefer amazon and mark cubans drug company and a few others to fill prescriptions to save money, cut costs. I just want to point out blue shield will still retain cvs for Certain Services but for the most part, thats a dis to cvs and other pharmacy managers are down as well. Stuart ceo of Redfin Real Estate Company talking about the state of the Housing Market. Hes an important guy, what did he say . Lauren its hit rock bottom. Stuart he said that . Dramatic statement. Lauren couldnt be worse. Heres the ,only people moving are the ones that absolutely have to. Okay, Mortgage Rates are at 7 . They could go higher and mortgages are harder to get. Marge credit has tightened for households with lower Credit Scores making it even more difficult to attain that dream of American Home ownership, which as we know from yesterday the average age of an American Home honer now is 36. Stuart the average age of first time home buyer is 36. Thats the highest in many, many years. Lauren my dad paid off his mortgage at 40. You cant do that now. Stuart you cant. Lauren if u can, i want to meet you. Stuart redfin says the Housing Market is at the bottom. Do you believe that . Trust your mother and cut the deck . No, i dont believe that. Mortgage rates 7. 16 . Thats a 22year high on Mortgage Rates. Affordability is at an all time low. When you have rising prices, rising interest costs, this is not going to bring you to a bottom in buying. If you look the seasonally adjusted rate of besting home sales about 4. 1 million interesting home sales is 4. 1 Million Units and two periods where it was lower. Beginning in january and early days of the pandemic. Were not at the bottom and no way. For prices going up for the last three months in a row, more and more expensive and people getting priced out of the market. Only thing that benefits theres a limited supply. Only a Million Units in inventory, thats the only buttress here that theres not much out there. Stuart lou, thank you very much indeed. The georgia prosecutor is using rico, thats lauren racketeering. Stuart racketeering law to go after donald trump for alleged election meddling. Is she taking a big risk by going that route . Former u. S. Attorney Brett Tollman takes that on in the next hour. Piles of steel beams left on a cattle ranch in new mexico for over two years and going to be used to build the border wall til biden halted that. How taxpayer dollars are wasting away on the border. 6,000 Illegal Migrants being apprehended on the southern border every day this month. Is this a new wave of migrants . Texas governor pat fallen on the border crisis next. You cant buy great conversations or moments that matter, but you can invest in them. At t. Rowe price our strategic investing approach can help you build the future you imagine. T. Rowe price, invest with confidence. With a majority of my patience with sensitivity, i see irritated gums and weak enamel. Sensodyne sensitivity gum enamel relieves sensitivity, helps restore gum health, and rehardens enamel. Im a big advocate of recommending things that i know work. Goli, taste your goals. Stuart for two years millions of taxpayer dollars have been wasted at the southern border. The Administration Stopped construction of the wall and piles of steel sit unused with no plans for future use. Casey stegall in el paso, texas. How much money are we talking about, casey . Stuart as whole lot and under President Trump some 15 billion allocated to build some 740 miles of wall and barriers out here along the southern border. When President Biden took office, he almost immediately pulled the plug on the project, and at that time about 290 miles of fence was not yet finished. So work sites were virtually abandoned and much of the unused materials have salt since then untouched. Like on this new mexico cattle ranch we visited west of el paso this week, where a gap remains in the wall and piles of taxpayerfunded supplies remain, some 2. 5 years later. If i ran my business like the federal governments run this project, id be broke. Thats a simple fact. The waste is egregious and the fiscal irresponsibility is disappointing. Reporter now, a Homeland Security subcommittee held a hearing on this very issue last month where we learned there are close to 21,000 unused wall panels in multiple locations. What is still not clear, how much is being repurposed and how much is just being thrown out or scrapped. Were talking somewhere around 2 billion worth of materials sitting down there. That was either allocated or purchased. These are contracts that we continue to pay every month. Reporter speaking of monthly payments, u. S. Army corp. Of engineers estimates that the government is shelling out about 160,000 every single month just to store and secure these supplies along the border. Were finding, stuart, theyre really not that secure, no one really seems to be watching it. Unbelievable. Stuart just got another head shake herb at the border. Casey, see you again soon. Congressman pat fallon, republican from the great state of texas joining me now. Daily migrant apprehensions at the border topped 6,000 at the beginning of this month. The number is rising. Are we in for a whole new wave of migrants . Stuart, most likely. Joe biden, hes made every state a border state. Texas is feeling this acutely because he has shown hes absolutely no will whatsoever to secure the southern border but just with your last segment. We had the wall, portions of it paid for and labor and material there and he said no, id rather waste billions of taxpayer dollars and make americans even less safe, and thats hes not fulfilling his constitutional duties. Stuart are we doing anything about this . As a new wave approaches, are we doing anything other than letting them in easily with an app . That that is what joe biden wants to do is use the cbb1 app and texasen demanded, i had five more town halls over the past week and people are demanding that we secure the border. Thats what the American People want and sure as heck what texans want and my constituents but joe biden doesnt want to do that. What we need to do as republicans is expose this and Mainstream Media as im sure youve noticed, they dont want to talk about this because its as bad as its ever been. Stuart so far, unless im mistaken, theres no political fallout on the Biden Administration because of what theyre doing on the border, am i wrong . Again, its because its not being covered and i love the fact that you talk about it because its so very important. The most thing i can do or elected official cans do is keep americans safe and weve had 7 Million People cross the southern border under joe biden is 13 months of 200,000 illegal crossings and never had 200,000 in a month in our history. 160 countries represented by folks crossing illegally and 140 people this fiscal year apprehended on the terrorist watch list. This is not operational control of the southern border. Stuart 7 Million People in this country walked across the border during the Empire State Building<\/a> surrounded by ultimatelily buildings on either side. Lets get on it. 10 00 eastern and lets get to the money. Im showing you all 30 of the dow stocks and lets give you a sense of the market. Theres buying today and about twothirds, almost three quarters of the dow 30 are up and the dow is up about 80 points, 34,800. The 10year treasury yield moving up again. Watch out, sports fans. 429 on the 10year and price of oil was going down and now its back up to 80 a barrel and bitcoin, last time we checked it was below 29 grand. It really is back to 28,356. Thats the markets, now this. 16 young people in montana went to Court Alleging<\/a> theyd been harmed by Climate Change<\/a> and the States Energy<\/a> policies. They won. The judge said and im quoting now, plaintiffs injuries will grow increasingly severe and irreversible without sciencebased actions to address Climate Change<\/a>. So, the courts now dictate Climate Policy<\/a>, no matter what voters want. Hey, montana, youve been disenfranchised. Wait, what injuries did the young people suffer . A young woman named grace claimed smoke from wild fires had an adverse impact on her ability to play competitive soccer. I guess the court believes fires are caused by Climate Change<\/a>. That is debatable, isnt it . A laugh named georgey said climate disruption interfered with nordic skiing. But the snow pack has been normal to above normal for the last seven years in montana. I dont see much disruption there. Another plaintiff claimed to feel heart broken and desperate by the climate discussion. No surprise there. The gloom and doomers have dictated the climate discussion for three decades and the 16 youngsters won and opened a pan it doras box and it was brought by a suit called our Childrens Trust<\/a> this is a law firm. Lawyers nationwide will be running with their childrens crusade, voters be damned. Second hour of varney just getting started. Stuart all right, the man on the right hand side, pete hegseth. Glad to see him this morning. Pete, this is an example of courts dictating Climate Policy<\/a> and usurping the rights of voters. What say you . Well, absolutely. The crazy part about this is does that mean any young person or anyone in america now has standing . Stuart exactly. To say anything negative in their life, emotionally or physically ryan higgins with the weather is something they can sue for . This it is one of the most insane stories ive seen and we are in the business of looking at insane stories. This needs to be challenged all the way to the Supreme Court<\/a> and shot down as fast as possible. You think possible. If you think were lura litigation nation or dictated by courts and lawyers, wait until an entire agreged generation can decide their failure in life can bed a jute indicated in court and what adjudicated in court. What are the damages theyre suing for . Money . Stuart its a change in policy. Stuart, its insane. Stuart it is. Okay, so is china group of people that change their policy . Is anyone educating these kids stuart sue them. Really, sue china, india, and everywhere else building coal fired power plants by the minute as we suppress all domestic energy. Stuart heres another just for you. The Fairfax School<\/a> district in california will defy governor youngkins policies for transgender students using bathrooms and pronouns. What do you think to that . Either the governor has a policy or he doesnt. Govern herb youngkin has to throw down. If you criminal the department of education, which the left has done for decades and remade the whole thing and youve decided simply based on the will of the voters that students should play in sports based on assigned gender at birth and us bathrooms for their gender assigned at birth and the School District<\/a> defies it, you have to go back by them and tell them they have to abide by the policies of the state. Its the parents in fairfax protesting about this the most in the beginning. Yet the insulated School Boards<\/a> and local government there says we dont have to listen to the will of the people. Not a legitimate governor here in virginia and those policies wont stand. Youve got to keep fighting day after day and that means yes, glen youngkin, you won on the education of education. You almost stumbled into it. Now its time to go to bat for those parents because its not easy, the left will keep fighting back. Stuart well, youre fired up, pete, and youre going to get even more fired up when you hear about this one. You know all about it but listen to this. The master mind behind the 9 11 terrorist attacks and four coconspiracy may may avoid the Death Penalty<\/a> and the administra considering a plea agreement that would remove the possibility of a Death Penalty<\/a>. You served in afghanistan after 9 116789 11. Urn a guard at gitmo where terrorists are being held. How do you feel . They should have seen the Death Penalty<\/a> a long timing a and interrogated for the actionable intelligence they had and given speedy trial and executed. I was there in 2004 and 2005 with 700 detainees at guantanamo and felt like the gears were working. Then lawyers, international organizations, un types, threw muck into the gears and said these terrorists should have Constitutional Rights<\/a> and rear we are 20 years later cutting a plea deal. This government is good at cutting sham plea deals, with the master mind of 9 11. How many detainnies are back running the show for taliban . Weve already failed and need to make sure that mohammad pays decades for the American People<\/a> and what he did. Stuart it just makes us look so weak. Sorry to interrupt you. If we cant do something serious with the guy who killed 3,000 of us, whats wrong with us . Last word to you, pete. Arent we weak . No, but isnt it shows we are weak the ability to prosecute the wars and drawn out ineffectual . Its extremely regrettable. It doesnt take away from the courage of so many for so long and are we preparedded to fight china and do what we need with the enemies . Good question. Stuart thank you, pete. Always good to see you, sir. We told you how the Fulton County<\/a> Clerks Office<\/a> posted a list of trumps charges hours before the grand jury actually approved them. Lauren, whats the dont know the importance of this but whats the clerk saying now . Lauren the clerk is saying shes only human and made a human mistake so basically she hit send instead of save like she wanted but do you remember when this happened, roaders reported the story and saw the charges posted and the clerk came out and office backtracked saying no, no, no, its fictitious. It wasnt fictitious, it was 100 accurate but wasnt real because it didnt have a stamp of approval on them. The fact of the matter was the grand jury was deliberating at the time of the post. The issue is with what the clerk said. Dont call it fictitious. Say we made an error. Stuart whatevers is. Whatever it is. In the great scheme of things, thats a very minor issue, know what i mean . Lauren okay. Stuart little mistake with posting like that. Lauren its a big deal. Its the charges that they called fictitious. We didnt know what was going on. Death threats going to that office because of it. Stuart got it. Go to the markets, please. Lou is with me in the studio for the hour. Lucky guy. We should be on red alert this. Is the last thing that we want. Chinas economy is crumbling from the inside out and seeing exports diminish and the economy decelerate and this was supposed to be a forever growth story. Its really scary and we were talking about it in the segment before about how weak we are. At a time like this, china knows they can take advantage of our weakness and i worry alabama the biggest risk. What keeps you up at night, china invading taiwan and they have all the inceptive and semiconductors at the forefront of future of Economic Growth<\/a> and taiwan holds 60 of major semiconductors. Stuart what would that do for the market . Not good news. Running for treasuries like youre there and youre the genius in that scenario. Its the black swan event no one wants to happen. Stuart i think it was the last time you were on or the time before that, you said you would not touch disney stock even with my money. Thats right. I respect you and like you. Im looking out for you, friend. Stuart you dont like any streamer, do you . The streaming market has gotten extremely competitive. If you looked, the average household has now five streaming services and if we look at what that costs economically, its greater than the cost of a standard cable package. Over the years the whole issue and argument for streaming services and cord cutting was its cheaper and you can get what you want a package of the most Popular Streaming Services<\/a> is 87 a month and comparable cable package is 83. Weve hit peak streaming, cord cutting, tv its funny because tv viewership hit lower level and dropped blow 50 . The pendulums always start to swing and i dare say we might have a comeback for regular tv, especially if we hit a recession. Stuart i like to hear that. Lets move on to the movers and sisco up 4 . Lauren number within on dow and s p and double digits and 15. 2 and the move is because ofrder rebound. Network equipment for artificial intelligence. Sisco has silicon 1 networking chip and 500 million orders for ai to date. Stuart a headline that wall greens is closing another store in San Francisco<\/a> i think. Lauren yeah, berkeley to be exact. Stuart berkeley, california . Thats not San Francisco<\/a>. Lauren its down 2 because of crime. Stuart thats not San Francisco<\/a>. Its not San Francisco<\/a>. Its berkeley and thats way down. Lauren theyve closed some in San Francisco<\/a> too though. Stuart yeah. Lauren theyre citing left and crime, but also just a change in consumer. Stuart yep, got it. Cvs health. I believe theyre sharply lower. Lauren yeah, they were dumped by blue shield of california and their pharmacy manager called care mark and they prefer amazon and mark cubans drug company and a few others to fill prescriptions to save money, cut costs. I just want to point out blue shield will still retain cvs for Certain Services<\/a> but for the most part, thats a dis to cvs and other pharmacy managers are down as well. Stuart ceo of Redfin Real Estate Company<\/a> talking about the state of the Housing Market<\/a>. Hes an important guy, what did he say . Lauren its hit rock bottom. Stuart he said that . Dramatic statement. Lauren couldnt be worse. Heres the ,only people moving are the ones that absolutely have to. Okay, Mortgage Rates<\/a> are at 7 . They could go higher and mortgages are harder to get. Marge credit has tightened for households with lower Credit Scores<\/a> making it even more difficult to attain that dream of American Home<\/a> ownership, which as we know from yesterday the average age of an American Home<\/a> honer now is 36. Stuart the average age of first time home buyer is 36. Thats the highest in many, many years. Lauren my dad paid off his mortgage at 40. You cant do that now. Stuart you cant. Lauren if u can, i want to meet you. Stuart redfin says the Housing Market<\/a> is at the bottom. Do you believe that . Trust your mother and cut the deck . No, i dont believe that. Mortgage rates 7. 16 . Thats a 22year high on Mortgage Rates<\/a>. Affordability is at an all time low. When you have rising prices, rising interest costs, this is not going to bring you to a bottom in buying. If you look the seasonally adjusted rate of besting home sales about 4. 1 million interesting home sales is 4. 1 Million Units<\/a> and two periods where it was lower. Beginning in january and early days of the pandemic. Were not at the bottom and no way. For prices going up for the last three months in a row, more and more expensive and people getting priced out of the market. Only thing that benefits theres a limited supply. Only a Million Units<\/a> in inventory, thats the only buttress here that theres not much out there. Stuart lou, thank you very much indeed. The georgia prosecutor is using rico, thats lauren racketeering. Stuart racketeering law to go after donald trump for alleged election meddling. Is she taking a big risk by going that route . Former u. S. Attorney Brett Tollman<\/a> takes that on in the next hour. Piles of steel beams left on a cattle ranch in new mexico for over two years and going to be used to build the border wall til biden halted that. How taxpayer dollars are wasting away on the border. 6,000 Illegal Migrants<\/a> being apprehended on the southern border every day this month. Is this a new wave of migrants . Texas governor pat fallen on the border crisis next. You cant buy great conversations or moments that matter, but you can invest in them. At t. Rowe price our strategic investing approach can help you build the future you imagine. T. Rowe price, invest with confidence. With a majority of my patience with sensitivity, i see irritated gums and weak enamel. Sensodyne sensitivity gum enamel relieves sensitivity, helps restore gum health, and rehardens enamel. Im a big advocate of recommending things that i know work. Goli, taste your goals. Stuart for two years millions of taxpayer dollars have been wasted at the southern border. The Administration Stopped<\/a> construction of the wall and piles of steel sit unused with no plans for future use. Casey stegall in el paso, texas. How much money are we talking about, casey . Stuart as whole lot and under President Trump<\/a> some 15 billion allocated to build some 740 miles of wall and barriers out here along the southern border. When President Biden<\/a> took office, he almost immediately pulled the plug on the project, and at that time about 290 miles of fence was not yet finished. So work sites were virtually abandoned and much of the unused materials have salt since then untouched. Like on this new mexico cattle ranch we visited west of el paso this week, where a gap remains in the wall and piles of taxpayerfunded supplies remain, some 2. 5 years later. If i ran my business like the federal governments run this project, id be broke. Thats a simple fact. The waste is egregious and the fiscal irresponsibility is disappointing. Reporter now, a Homeland Security<\/a> subcommittee held a hearing on this very issue last month where we learned there are close to 21,000 unused wall panels in multiple locations. What is still not clear, how much is being repurposed and how much is just being thrown out or scrapped. Were talking somewhere around 2 billion worth of materials sitting down there. That was either allocated or purchased. These are contracts that we continue to pay every month. Reporter speaking of monthly payments, u. S. Army corp. Of engineers estimates that the government is shelling out about 160,000 every single month just to store and secure these supplies along the border. Were finding, stuart, theyre really not that secure, no one really seems to be watching it. Unbelievable. Stuart just got another head shake herb at the border. Casey, see you again soon. Congressman pat fallon, republican from the great state of texas joining me now. Daily migrant apprehensions at the border topped 6,000 at the beginning of this month. The number is rising. Are we in for a whole new wave of migrants . Stuart, most likely. Joe biden, hes made every state a border state. Texas is feeling this acutely because he has shown hes absolutely no will whatsoever to secure the southern border but just with your last segment. We had the wall, portions of it paid for and labor and material there and he said no, id rather waste billions of taxpayer dollars and make americans even less safe, and thats hes not fulfilling his constitutional duties. Stuart are we doing anything about this . As a new wave approaches, are we doing anything other than letting them in easily with an app . That that is what joe biden wants to do is use the cbb1 app and texasen demanded, i had five more town halls over the past week and people are demanding that we secure the border. Thats what the American People<\/a> want and sure as heck what texans want and my constituents but joe biden doesnt want to do that. What we need to do as republicans is expose this and Mainstream Media<\/a> as im sure youve noticed, they dont want to talk about this because its as bad as its ever been. Stuart so far, unless im mistaken, theres no political fallout on the Biden Administration<\/a> because of what theyre doing on the border, am i wrong . Again, its because its not being covered and i love the fact that you talk about it because its so very important. The most thing i can do or elected official cans do is keep americans safe and weve had 7 Million People<\/a> cross the southern border under joe biden is 13 months of 200,000 illegal crossings and never had 200,000 in a month in our history. 160 countries represented by folks crossing illegally and 140 people this fiscal year apprehended on the terrorist watch list. This is not operational control of the southern border. Stuart 7 Million People<\/a> in this country walked across the border during the Biden Administration<\/a>, two and a half years. Are any of them going back . Very few and thats one thing we should focus on. President trumps best policy with the border was the migrant protection protocols and the wait in mexico policies. You want to claim asylum, youll wait in mexico while your case is adjudicated and rapid deportations also worked because, stuart, if youre coming from venezuela and you get here and youre being repatted immediately, word gets out wherever you are. Guatemala, venezuela, whatever home country that its not worth taking that very dangerous trek through mexico, which is cartel infested of course, and so you might as well do it the legal way. If the federal government subsidizes something, they get more of it. Joe biden is subsidizing illegal migration, were going to get more of it. Stuart one of these days it might become a political issue for the country and i hope it does. Congressman pat fallon, thank you for joining us simplet always appreciate it. Thank you, stu. Stuart after months of falling sales, heir to Anheuser Bush<\/a> said hed buy back bud light. Details on that for you. Transgender woman thats a biological male set a new world record for Power Lifting<\/a>. She lifted 440 pounds more than the woman that finished second. Well speak to a female power lifter saying this is completely unfair. She joins me next. Your record label is taking off. But so is your sound engineer. You need to hire. I need indeed. Indeed you do. Indeed instant match instantly delivers quality candidates matching your job description. Visit indeed. Com hire welcome to the place where people go to learn about their Medicare Options<\/a> before theyre on medicare. Come on in. Youre turning 65 soon . Yep. And youre retiring at 67 . Thats the plan well, youve come to the right place. Nows the time to plan ahead. Learn about an aarp Medicare Supplement<\/a> Insurance Plan<\/a> from unitedhealthcare. And how a plan like this helps you take charge of your health care with lower outofpocket costs. Heres why. Medicare alone doesnt pay for everything. Your deductibles and copays could add up to hundreds, even thousands of dollars a year. 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Call unitedhealthcare for your free decision guide and learn more about lowering your outofpocket medicare costs and seeing any doctor who accepts medicare patients. Oh, and happy birthday. Or retirement. In advance. Stuart dow is up 100 and nasdaq down 50. Lauren is looking at movers and well start with intel. Lauren down sharply again after scrapping more than 5 billion deal to buy israeli chip tower and it was scrapped and down again 3. 2 right now. Stuart a Chinese Company<\/a> objects to the get together of an American Company<\/a> and israel i company. Lauren childrens place reduced inventory and fewer stock and up 9 and raised profit for the rest of the year and its not all rainbows and unicorns here. Their sales in the past quarter fell about 9 . Stuart rainbows and unicorns. Long time since i heard that expression. Youre bringing it back. Well done. Paramount. Lauren the journal is reporting that paramount dropped plan to sell stake in bet media including vh1 for instance and basically paramount concluded that a sale wouldnt deleverage their Balance Sheet<\/a> and stock down 1. 3. Stuart children heading back to the classrooms but before they get there, parents will be spending more to get them ready. Lydia hu is with us. On average, okay, be careful with the is it atist ibrams here. On average statistics here. On average, what do parents spend on back to school. With kids in elementary to high school, 890 ask according to to the National Retail<\/a> federation. A new record. Stuart whats that include . Basics like paper, pen, computer, electronics and 25 higher than last year. All in were expected to spend about 41. 5 billion this year. Last year we only saw 36. 9 billion in spending. Why . Driven by inflation. Prices for girls clothing up higher and Boys Clothing<\/a> up higher than 3. Stationary a lot of School Products<\/a> higher than 9 , stuart. More data for you. A group called pattern tracking specifically School Supplies<\/a>. Highlighters, more expensive by 13 this year and mechanical pencils, the ones i prefer, 16 more expensive and list goes on. Notebooks, folders, backpacks. All will cost you a pretty penny this year. These prices are stressful for folks. A survey shows 46 of shoppers say the cost of these supplies, theyre a top stressor this season, stuart. What are people doing . Theyre bargain hunting and National Retail<\/a> federation race 45 of people will shop at Discount Stores<\/a> this year and higher than the 40 they tracked last year. Thats a walmart story. You were covering that this morning. People are looking for the deal. Stuart before we went on the air, youre preparing to go back to school for prek for one of nor children. Yes, this is her backpack. Thank you for loaning it to me. Stuart this is prek and have to have rain boots and a smock. Rain boots, smock, basics and changes of clothes because the little kids get messy. Stuart computer s . No, not yet, stuart the computers arent included in the 890 average. Not guilty for the prek baby but theres electronic spending tracked by all of the groups. Stuart what do you think, lou, youve got three kids . Im broke. I dropped my oldest off at college and talk about inflation and things they need, its endless. 18yearold, 16yearold and 6yearold. We underfund the schools and parents with the reliability and responsibility lies with us. Stuart do people have to make a choice between groceries and back to School Supplies<\/a> . Do they . Maybe as the grand names and maybe trading down to some generic food items rather than name brand. Stuart thats more like it, lydia. Lauren its a walmart story. Youre right. Walmart will take a loss on crayola crayons to get you in with the deal and spend more on the markers. Thats because they do 50 of revenue from groceries. Walmart nosoif they get you in the store, youll spend on necessities no matter what. Stuart good point. A transgender woman in canada set a new world record for Power Lifting<\/a>. Anne andres lifted 440 pounds more than her opponent. April hutchinson is a competitive power lifter and joins me now. How do we get biological males claiming to be females out of womens sport s . Well, i mean, if we knew the answer, we would have done it by now to be honest. Ive written my federation i dont know how many times about this matter. We had actually this past sunday when anne competed, we had athletes actually write to the federation prior to the competition telling them about anne and the complete unfairness and dropping out. We had three people drop out. One competitor actually, basically cut weight just to go into a different category so she didnt have to compete against anne. The federation is not listening. I just saw today that the World Chess Federation<\/a> has now banned transgenders so how can chess ban them and a pure strength sport like Power Lifting<\/a> does not. Stuart we should point out the person on the left hand side was the power lifter that beat the next opponent by 440 pounds. That person is a transgender woman but a biological male and you think thats basically unfair . Yeah, its completely unfair. Now, mind you, sorry, the person on the screen is laura hubbard, thats an olympic weight lifter from a couple yearsing a. Thats a different sport than Power Lifting<\/a>. Pour lift asking a power lift asking a pure strength sport. Stuart thats my mistake. I made that mistake and got the wrong person on the screen. My apologies but anne andres, the person in question, not the person on the screen but the person in question is a lie logical male and beat the next person in the competition by 44s basically unfair. Who thinks its fair . May i ask . Well, no one thinks its fair and, yeah, he beats, i think the total was 462 pounds. He has the second highest dead lift in Power Lifting<\/a> history beating out champions that have been working ten years or more for that record. Like those records will never be broken by a woman, and the thing is ive actually spoken to Board Members<\/a> of my federation and a lot of them have said, weapon dont agree with it, but our hands are tied. We dont want to get sued by not letting them compete. Stuart the lawyers, knew it was coming. Lawyers always get involved. April hutchinson, thank you for joining us and we really appreciate it. Thank you indeed. Heir to han Anheuser Bush<\/a> foundn wants to buy back bud light. Lauren he doesnt think the current owners who are foreign understand who the customer. S his family sold the company to nbev based in brazil in 2008 and said theyre managed by woke young people. Watch. I urge that company, if they dont want that brand any longer, sell it back to the bush family, sell it to me. Ill be the first in line to buy that brand back from you, and well make that brand great again. Lauren do what his dad did. His dad in his 80s, early 90s went out on the trucks, went to the bars, got to know the people selling and buying what was the best selling beer in the contrivement thats not happening when youre owned by a Foreign Company<\/a> that employs College Graduates<\/a> that are very woke in his words. Stuart should he buy back . Go woke, go broke. I would say prior to this any other idea to return to profitability and arrest the plumbing sales wouldnt work because its hard to pivot. Going back to original ownersers and core demographic and understanding that people want the products, they dont want the politics. Stuart youve got to get the distribution. Well, youll get the distribution because you have to have exclusive distributers for differenter boos so you have loyal districters out there ready and willing to sell but no one wants it anymore. Stuart butt light story is not over. Bud light story not over. No, far from over. Stuart governor of hawaii warning Real Estate Developer<\/a> to stay away and doesnt want them buying up scorched land in lahaina. Were on it, of course. More than 100 people dead and over 1,000 still missing on maui. President biden says hell visit monday as residents slam the government for their slow response. Robert ray has the latest report from maui after this. The biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. It still does. What can you do with spy . Ah, these bills are crazy. She has no idea shes sitting on a goldmine. Well she doesnt know that if she owns a Life Insurance<\/a> policy of 100,000 or more she can sell all or part of it to coventry for cash. Even a term policy. Even a term policy . Even a term policy find out if youre sitting on a goldmine. Call Coventry Direct<\/a> today at the number on your screen, or visit coventrydirect. Com. Stuart 111 people confirmed dead on maui and officials started identifying some of the victims. Robert ray is there, the latest please, robert. Reporter yeah, stuart, good morning from maui. Its in the 4 00 hour here indeed. 111 people have lost their lives . That fire that blazed through and cadaver dogs and take a look at this video sifting through the Historic Town<\/a> of lahaina looking for remains of others that are still unaccounted for and fina is on the ground and other my fema is on the ground and other organizations are and look at destruction overall in the town of lahaina and goes on for miles. 3. 2 square miles burned and scars and charred at this point. Weve been talking to many people on the ground over the course of the past week or so here on the island of maui. One person from fema describes the fact that this could be the worst Natural Disaster<\/a> he has ever seen. All of the families that come to our center as a hub, they dont have homes and maybe lost family members in the fire. Fio dont stay busy and doing the things that i do, im not going to be able to cope with the situation right now. Thats why i have to stay busy and keep going and got to hustle as much as we can to make sure that we can ease the pain for our community. Reporter tons of pain and you hear it in his voice. He runs the Hawaiian Cultural Center<\/a> in the Historic Town<\/a>. That Cultural Center<\/a> is gone, stuart, and hes trying to help his fellow residents out there. As President Joe Biden<\/a> will make his way here on monday, whether or not he hits the ground or sees the destruction from the air, we dont know that yet. Will that bring any hope to the people here . Not sure it will. At this point, the hope that theyre going to get is answers as to how this fire started. You know, whether hawaii electric should have potentially taken precautions with those heavy winds that came in and how this all began. I mean, there were people that jump in the Pacific Ocean<\/a> jumped in the Pacific Ocean<\/a> to save their lives and others burned in their vehicles and some died in their structures and they need those answers very, very soon as the search continues on the ground in lahaina on h maui, the western side. Stuart the governor of hawaii josh green warning Real Estate Developer<\/a>s to stay away whaleries tentlike structures try to clean up. Lauren, am i right in saying that the government wants outside sales wants to stop outsiders buying up the land, the scorched land . Lauren yeah, governor green has asked the state attorney general to explore options for placing a moratorium on sales and the state is even considering acquiring land themselves. They want to prevent fo folks fm the mainland from coming in and buying the burnt properties; right . More than 2700 structures have been destroyed. The locals have nothing right now. Their economy was willing struggling; right, and green doesnt want the locals to be priced out by big investor money coming in. Stuart however, outside money might be the only available fast money that those people are going to get. It may be the only money they get. They had a tragedy and their life up ended and this may be the only way to get economic restart. You can do things and work with private intersurprises with conditions enterprises with conditions and have capital. Nobody expecting the government to move quickly and have restrictions and give people priority preference if they can. But sitting back and waiting, im here from the government and im here to help no one ever believes that. Stuart that was a rush limbar line. I think it was ronald reagan. Most dangerous words in the english language. Stuart thats right. Fox is partnering with the red cross to help with wild fire relief denations. You can scan the qr quod on the screen or visit redcross. Org foxforward and text hawaii to 90999 to make a 10 donation. Still ahead, knock off versions of ozempic popping up all over the internet and can be bought without a prescription. Doctors saying thats a very bad idea. Theyve successfully transplanted a pig kidney into a human. Dr. M marc siegle is with us net on what could be a medical breakthrough. Thats next. Goli, taste your goals. Selling knockout versions of ozempic, no prescription needed. Thats dangerous, isnt, dr. Marc . Thats very dangerous. Stuart, they say for Research Purposes<\/a> only and not for human consumption and then an instruction sheet how to use it. Even though some of these websites have a secondary organization that reviews for purity and theres semiglue tide in there and thats the major active ingredient in it, in ozempic but the problem is even if you said purity, the one thing that the company that reviews these websites says we cant ensure sterility and concerns about bacterial infections that you could take this and get infected and end up in the icu. And on top of all that, im going to tell you that though i prescribe these drugs, and i think theyre actually terrific, i think they have side effects and a physician needs to be in the equation at all times on this. Stuart i think were now warned properly. Thank you, doctor. Next one, new study found that wegovy, another weight loss drug could prevent heart attacks and strokes over the next five years. Are you buying that . Yes, but some background. This study out of university of california irvine is basing information on new england skwr urpl journal of medicine study a few yearsing a looking at what would happen if 93 Million People<\/a> would take this drug. Thats a lot. Thats how many people in the United States<\/a> are overweight, and i dont think everybody should take it. They concluded that if that many people took it, 1. 5 million heart attacks or related strokes or death would deminish or de diminish or decrease over the next ten years. Why thats on the right track. Wegovy decreases Blood Pressure<\/a>, decreases obesity and inflammation and overcomes insulin resistance. Everything i just said leads to heart attacks, heart problems, and sudden death and stroke. So if you overcome insulin resistance, lower Blood Pressure<\/a> and lipids, youre on the right track to healthment stuart okay. Ive got to talk about this. Theres been what some are calling a medical breakthrough at your hospital, a pig kidney successfully transplanted into a brain dead human beings and the oregon has been functioning okay for organ has been functioning okay for about a month. Is this a real medical breakthrough . Huge. The donor couldnt really donate his body parts because he had brain cancer tragically so he donated his body and they used a pig kidney on him, and its still going. Still a month. Theyre going to try to get another month and this is going to be the future because theres 100,000 people waiting for a kidney every year for a transplant. Tragically we dont have enough kidneys and not enough people are donating them, and dr. Robert montgomery, in charge of this and our chief of surgery impact on hearings received a heart. He has a heart transplant and hes operationing with it. Operating with it and had multiple near death experiences and hes a medical miracle and hes been a pioneer in kidney transplant and what he said about the pig kidney is its functioning at least as well, stuart, as a normal kidney meaning its filtering out waste, getting rid of fluid, normalizing electrolytes. Its an incredible move forward in the world of transplant. Stuart so, however long before it could become more common . Id say within a year or two. Maybe five at tops. You always ask that question, its really important and the reason im being hesitant here is its one thing to try a kidney out on someone that doesnt have quality of life and if you were going to use this in someone thats really in top shape except for the need of a kidney, youve got to make sure it works and its going to be a couple years but we were just doing a couple of days a yearing a and now were up to a month and two months so were really accelerating this great research. Stuart thats wonderful stuff. C all good news today. See you again soon and, lou, thank you for being with us for the hour. Always appreciate it. United therapeutics is the way to do the pig transplant. Theyre bind that and fda approval for the pig didny and working with the hospital since september 2021. Stuart uthr. Yep. Stuart news you can use. Thank you, lou. Brett tollman on setting trumps trial date one day before super tuesday. Whats with that . Deroy murdock on senior biden official john p pedesta blaming the wild fires in hawaii on Climate Change<\/a>. The rise of vivek ramaswamy. I dont think he can win the presidency, but watch him make waves at next weeks debate on fox. He might be trumps vice president. Thats my take and its next. Good luck. Td ameritrade, this is anna. Hi anna, this position is all over the place, help hey professor, subscriptions are down but thats only an estimated 15 of their valuation. Do you think the market is overreacting . Howd you know that . The Company Profile<\/a> tool, in thinkorswim\u00ae. Yes, i love you please ignore that. Td ameritrade. Awardwinning Customer Service<\/a> that has your back. lighthearted music best thing ive ever done. Thats what freddie told me. A person like me needed to get a reverse mortgage to change my life. It was the best thing ive ever done. Really . Yes, without doubt [tom selleck] joanne said just about the same thing. It absolutely is the best thing i ever did. Jack put it a different way. To him, it was about having his grandkids over. You want to have the kids over, you want to have the grandkids over. Yeah. You want to have the family over. You want to say, this is my place. Great people, different people. Thats for sure. And all of them had Different Reasons<\/a> for getting a reverse mortgage. But you know what . They all felt the same about two things. They all loved their home, and they all wanted to stay in that home. [announcer] if you are 62 or older and own your home, find out how you could access your homes equity to give you cash now. And when you need it in the future. A reverse mortgage could put more money in your pocket by eliminating your monthly mortgage payments. It could also pay off higher interest credit cards, medical costs, and give you some extra cash to help your retirement lifestyle. I dont have any anxiety about money anymore. It allowed me to live in my home and not have to make payments. A whole lot of families have gotten tax free cash from a reverse Mortgage Loan<\/a> for a better retirement. I dont have to worry about a mortgage payment every month. Its a good thing. [announcer] call right now to receive your free, no obligation info kit. The kit will show you how you may get the cash you need using your homes equity as a reverse mortgage from aag. Call the number on your screen. Look, why dont you call aag and find out what a reverse mortgage can mean for you . 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