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tv   Varney Company  FOX Business  October 26, 2015 9:00am-12:01pm EDT

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turbine fan blade of the quiet car. dagen: nascar in decline, worst race ever in talladega and it's nascar's fault. sandra: thank you for dagen mcdowell and geraldo rivera. it's time for "varney & company." stuart: thank you, sandra. have you ever sent an e-mail and immediately wished you could take it back. happened to me on sunday, with an unfortunate message that may have jinxed the jets game. i shall reveal all. top story, 13 months until the presidential election and it's political outsiders who are running away with the republican race. six out of ten in iowa support trump or carson. six out of ten. the politicians are trailing, and jeb bush pulls back. the economy, yes, it's slowing. mining, energy, manufacturing, and looks like janet yellen is
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riding to wall street's rescue. and this was buried friday afternoon, lois lerner, she held conservatives, but she will not face criminal charges. touchdown for patriots, clinched the win over the new york jets. it's all my fault, i may have jinxed them. y yes. [laughter] and a rip roaring show for you. yes, "varney & company" this monday morning is about to begin. ♪ we start with this news from canada. one person still missing after a whale watching both capsized near vancouver. five people died and others rescued. no word why the ship sank.
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look at this, parts of texas flooeded after experiencing rain. a freight train derailed after rail tracks were washed away. flood warnings have been issued from louisiana to florida and patricia brought 18 inches of rain to some parts of texas. the latest poll shows donald trump and ben carson in a dead heat in iowa, 27% apiece. added up, that's six out of ten support outsiders. rubio-- i'm sorry, ted cruz 9, rubio and jeb bush at 6. trump way ahead. carson 12, bush 8, rubio fiorina tied at 7. and in south carolina, trump is in the lead big time. 40% support there. carson 23. cruz 8, rubio 7, bush 6 and
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carly fiorina down there at 3%. and joining us hear this morning, like it or not, maria, i'm sure you don't like it, the outsiders, trump and carson are running away. >> and no one is going to the poll and we haven't had a debate on policies. and trump's policy damaging to the country. anti-immigrant, anti-trade, foreign policy, he hasn't laid out a way to deal with poout putin and the middle east and what's going on with isis. voters aren't at the polls. stuart: they pay attention how trump expresses himself. you may not like it, a lot of people don't like it. and-- >> he's an entertainer, there's a lot of populism and fear whipped up on the g.o.p. base, but i'm telling you, you've got to look the a the dislike
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numbers. one thing about the polls, voters say they were dissatisfied by trump by 57%, that's a very high number. ben carson satisfied numbers high 61%, and i think americans are looking for a serious alternative and again, you can't pay too much attention to this until they actually go to vote. stuart: if you're looking for a serious alternative to donald trump, they're not looking at jeb bush or mr. cruz and, ben carson is an outsider. >> when you look at the primaries as three different primary, an outsider primary, a moderate serious primary and different contenders within the three groups. i hope in the debate we're finally going to see some serious questions asked about these candidates' policies, we haven't seen that today. stuart: at the business debate coming up 0 on tuesday,
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november the 10th, i think it's a contest about style as opposed to actual substance. ashley: right now. stuart: right now, it is, it's early days. ashley: yes. stuart: in previous iowa caucuses. who would have won. >> santorum. iowa is more about the caucuses and primaries, rather than the presidential race. stuart: you're not supposed to say this in a story in journalism, only time will tell. to the markets this monday morning, are we coming off a great week or what? closed 17,600 and we're going to open maybe a fraction further this monday morning. how about that? 25 minutes from now let's see what happens. of course, we'll take a look at the big technology companies and see how they are today after a big gain last week. and totally different story at valeant, the drug maker. they're opening lower. opening at 107. another leg down from
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allegations of fraud there. good news for you, 2.20 is the national average for regular gasoline and that's $2 by christmas, that looks doable. ashley: very doable, stuart. stuart: i paid $1.79 in new jersey this weekend. ashley: you why smiling the whole time. stuart: grinning, fair enoustua market watcher come on in. the wall street journal headline, the economy is slowing and i think they're right about that, but when does it affect stocks? tell me. >> i think it's going to affect stocks probably not this quarter because the psychology of the market has got to change, stuart. that's always a leading indicator. the stuff about earnings, that's a-- if the two are going to match, 30 to 60 days from now in my opinion. stuart: not yet, in other words. no big pullback in the stock market yet. is that your opinion? >> that's my opinion. i think we're going to hang on just by the tips of our fingers right now, but that's about it.
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stuart: do you think we'll go back to an all-time high in the dow, 18-3, we're at 17-6 the close friday. 18-3 is doable? >> by the end of the year, we've got to have a house cleaning. you have to have a running of the bears before you have a running of the bulls. stuart: you'll come back at the half hour to guide us through the opening of the market. looking forward to it. thanks, steve. major changes in the bush campaign. cutting staff and look what he said at a presidential town hall. >> no one sits around to see gridlock become so dominant, that's not my motivation. i have cool things i can do other than sitting around being miserable people demonize me and me compelled to diemonize them.
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>> that's a terrible sound bite. you can't win an argument with a guy who says anything on a dime and change position. he needs to focus on policy, challenge others on policy not personality. ashley: it sounds to me, walk away and just announced so many big budget cuts in his campaign, you know, he's what, a million a month he's spending and he's going to try to focus his money on new hampshire right now, but let a lot of staffers. stuart: he didn't recover from the trump charge, you are a low energy candidate. >> he should have stayed on policy. because trump can't talk on policy, he doesn't have a lot. stuart: now ben carson is focused on carson. >> and carson didn't take the bait. and didn't go on "saturday
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night live." he says it's too serious to be president and i'm not going on a comedy show right now. stuart: we have the controversy between the new steve jobs buy pic. that's right? i got it. it wasn't enough, just didn't help ticket sales, i think it was a bomb. jo ling kent about the movie over the weekend. jo: that would be the technical term for it. the steve jobs film bombed in the debut. it did receive $7.3 million dollar. the martian starring matt damon won the weekend with nearly $16 million. and morglord & taylor plans a n one-- >> i'm sorry to interrupt, would you believe that i spent 90 minutes in the lord & taylor
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new york city department store friday night buying her birthday present, it's her birthday. >> oh, that's so nice. stuart: i went 90 minutes and walk in the door and looking for the exit. do proceed with your report. >> what i want to tell you, maybe save more money next time because they're opening the new off brand store november 19th in paramus, new jersey and six more stores next year. stuart: and just bought something for her birthday. jo: one more thing, microsoft opening a flashy new flagship store on fifth avenue in new york city today. it's a five-story all glass building and customers can test drive the games. more than $3300 a square foot according to the real estate firm.
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stuart: that's not flashy, it's an architectural master piece brie brilliantly organized on the inside. look, you've got to start off monday morning on a right note. jo: positive. stuart: excellent. yahoo! puts the nfl on the internet. 15 million watched it. and here on there. and g.o.p. outsiders clearly leaving the 2016 race. the establishment politicians are trailing. senator lindsey graham is next.
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your link to what's next.
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>> no one is above the law on amtrak, not even number governor chris christie on the 9:55 a.m. amtrak acela to new york city. he was kicked out of the quiet car for speaking too loud on the cell phone. there was a mix-up in seating
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and they've apologized. and the latest ohio polls shows two political outsiders leading in a dead heat. donald trump and ben carson tied with 27% of the vote each. think about that, nearly six out of ten voters in that state prefer totally, not with traditional politicians. here is republican presidential candidate south carolina senator lindsey graham. i'm going to introduce you like that. >> that's all right. stuart: it's that now-- ments . >> you missed my joke. [laughter] isil prefers someone with no experience, too. stuart: okay, okay. what's with this outside-- they are running away with the race. >> well, an election 20 points in south carolina and take that with a grain of salt. an average everyday person trying to make it, the washington is completely broken.
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and why i'm more of a solution than a problem. the solution that somebody new can't do something worse. the last time we had a novice as commander in chief is barack obama. stuart: i take the point. do you like this? your schedule is amazing. you get up at the crack of dawn and-- >> compared to a single mother with three kids, it's all relative. stuart: how do you keep going? >> i like my job, come on to television and radio and raise money, but the bottom line, i like to go to new hampshire and do town halls with 30, 40 people and here is what i would do as your commander-in-chief. obama says we'll destroy isil. our frontrunners don't have a plan. i've got a plan. stuart: other than liking what you do, and the process, you don't think you can win, do you? >> no, of course i do. i'm not doing this for my
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health. stuart: you're so far behind. and why don't you drop out. who. >> who won iowa? they haven't voted yet. here is what i can tell you about donald trump. his foreign policy is jibber risch, you know what he wants to do now, get out of syria, and leave them alone, the launching pad for the next 9/11. we're outsourcing to putin. he has no idea what he's talking about, all over the board. stuart: last time you were on the show, you said put some troops in syria. >> you have to. do you realize that isil wants to do two things, purify their faith, kill the christian community in the middle east and come after us and another 9/11 is in the making, and ben carson is a nice man and he'll never get kicked out of the car-- >> can you win the nomination
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by saying we're going to war again and putting our guy on the ground and-- >> here is what he think i can do. stuart: is that a popular case? >> i think i can make the case that i can be commander, i've learned from bush's mistake and air force officer, 140 days on the ground as a reservist, this is not working. put me in charge of the military and we will destroy isil, i've got a plan to do it. a regional force goes after them in syria and if we don't-- >> i've got 30 seconds, can you tell the viewers how to grow the economy at a 4% pace. >> you want to create jobs and businesses, they're not your enemy, they're your friend. it would change under my presidency to create a job. the more you create a job-- >> senator lindsey graham, when
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will we see you make a rebound in the polls? >> it will be in new hampshire, i'll do well there. win south carolina, be in the final four, you heard it here first. stuart: yes, you did. we did. lindsey graham, an extraordinary schedule. thank you for being here. russian subs near vital underseas cables which carry the internet traffic. and did i jinx the jets by sending an e-mail during the game. my executive producer is furious at me. we'll have the full story. ♪ so jill, i know the markets have taken a hit lately. mm hmm. just wanted to touch base. how did edward jones come to manage
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over $800 billion dollars in assets? huh. okay. here's our latest market outlook. two things that i'd like to point out... through face time when you really need it. so that's interesting, you know we had spoken about that before. it's how edward jones makes sense of investing. technology empowers us it pushes us to go further. special olympics has almost five million athletes in 170 countries. the microsoft cloud allows us to immediately
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switch to liberty mutual and you could save up to $509 call today at see car insurance in a whole new light. liberty mutual insurance. >> well, am i a jinx? i e-mailed our executive producer yesterday towards the winning of the jets and patriots gamen said the jets look good and i thought this was the jets year and then they lost. ♪ oh, really? jared max is here and jared-- >> you're putting yourself in a dangerous position, considering the show is taped, filmed in new york. i have some really good friends who are jets fans and they can be kooky. i think the whole idea of a jinx is ridiculous.
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it's absurd. stuart: that's why you're on the show. the real reason is that yesterday, the yahoo! carried a nfl game from london on the internet. in other words, you didn't need cable television to watch a live nfl game. is that the way of the future? >> yes. in time. maybe a little bit in the future. up until 2021, all of the nfl contracts are already in place with the networks. so, any kind of great change takes time and i think this was a fantastic experiment. they studied about 17 million dollars quarterly to pull this off and some people complain that the screen at pixelated and it wasn't 1080p high definition. i pulled it up on the apple tv, with the widget, and what a spoiled society we've become. stuart: you're right. what did it get-- >> we're not spoiled, this is aweso
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awesome, fantastic. stuart: it was pixelated and a little herky jerky. >> whatever happened to dial-up, remember the noise? >> 15 million people watching it, 450 million streamed minutes. i guess that's a debut success? >> and i like early morning football on sunday of course the east coast and not the middle of the night, but still, a great experiment. it's a little pixelated, you deal with it and the coach's buffalo rex ryan said they were having more communication issues in the headsets. remember we heard that the first-- with the patriots. the patriots weren't involved, so i don't know what he was listening to. stuart: wrap it up and-- let's wrap this up. i did not jinx the jets. thank you. >> you did not jinx them. stuart: no, i didn't. >> j-i-n-x, jinx, jinx, jinx. stuart: coming up, we're moments away from taking you to the new york stock exchange. a huge week last week and the
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week before. guess what, we're going to open higher again. we'll take you there. some cash back cards love to overcomplicate things. like limiting where you earn bonus cash back. why put up with that? but the quicksilver card from capital one likes to keep it simple. real simple. i'm talking easy like-a- walk-in-the-park, nothing-to-worry-about, man-that-feels-good simple. quicksilver earns you unlimited 1.5% cash back on every purchase, everywhere. it's a simple question. what's in your wallet?
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>> this foreign policy is complete jibberish. you know what he wants to do, get out of syria, a launching
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pad for the next 9/11 and let russia fight isil. we're outsourcing our homeland to putin. that's not a good idea. he's all over the board and has no idea what he's talking about. >> that's senator lindsey graham at the top of the hour talking about donald trump. and ringing the bell. the trading day will begin this monday morning and it starts right now, we're expecting a modern gain for the dow, remember, closing out last week around 17,650, flat to slightly higher we'll start the week. which is pretty good, bearing in mind the dow's performance the last three weeks which has been pretty stellar. now, we watched the big tech names very closely. they had a huge rally on friday, so, obviously, first on a monday morning let's see how they're doing. i'm starting with amazon, up more than 90% this calendar year, up again this morning, 601, they're up higher.
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and i suppose i should call it alphabet, but i call it google. facebook is up 30% this year, friday crossed 100, they're down 15 cents as of this monday morning, how about microsoft, up 13% this year, and the new surface hits shelves today. the new flagship store opens in new york city. yes, i'm a shareholder, i'm cheering this on. 52, a big gain friday, hardly any pullback this morning. here to analyze this, ashley webster, elizabeth macdonald, scott shellady and keith fitz-gerald. keith, to you first, can they keep it going? >> i think it can. the companies have it all, they're game changers and global players, that gives them staying power. stuart: and scott shellady, why you can comment on the stock market and not just commodities. so comment on tech stocks, is
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the rally going to continue? >> i think in the short-term, yes, they can continue, but like i said on friday, i still think you're going to get better prices because, stuart, we've had seven years of 0% interest rates and still not getting inflation so i think the stock market is ahead of itself here. a lot of folks will say the stock market isn't the economy, but i say if you don't have an economy, you don't have a stock market. be careful. i think the best one out of that group you talked about is microsoft, but ultimately the volatility will get you in the end and probably get some better prices here in the next three months. stuart: okay, now the headline in the wall street journal today saying that the economy is clearly slowing, especially in heartland, industrial america. really, really slowing down, mining, manufacturing, energy, et cetera, et cetera. so, keith, if we've got such a slowing economy, surely at some point that hits the market, doesn't it? >> well, again, to scott's point, i agree with that, as we talked about earlier. 30 to 60 days out. we're going to have bear tracks
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before we have the running of the bulls. we have to have that pipe cleaning. if you're a bargain hunter go for the quality named companies what you want to own. stuart: individual stocks, first off valeant was way down last week and there are continuing allegations of fraud up 7% this morning. liz, summarize it, what's going on? liz: they did not convince wall street on the conference call, an all hands on deck call, ten executives on it. they will have an audit committee-- a board committee looking at revenue, not enough toen could vince wall street, stock remains under pressure. stuart: look at apple, starting to take pre-orders for the apple tv relaunch, okay? relaunch. apple at 117 now and down about a buck 60. ash, if this is a relaunch, how different is this relaunched apple tv from original. ashley: fourth generation, this
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time fully integrated with siri, i know you love this, stuart, siri find me the first season of house of cards, it will find it for you and search every platform, netflix, hulu, amazon and then prioritize which is free television. and there's two versions, is a 149.99, one is 199 depending how much memory you want on it. tim cook, apple ceo says that currency in cable tv is broke and and this is the future of tv. he could be right. stuart: and-- >> they'll start shipping next week. stuart: get ready. the market is up at the flagship store on fifth avenue in new york city, it opens today, by the way. it's not too far from apple's flagship store. all right, liz, okay.
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the big new shine i store on fifth avenue, is that a big deal for the stock, for the company? >> yes, it is. by the way it's six blocks away from the apple store on fifth avenue. it's a big deal it shows that apple is not just about being in the dna of cooperate communications or corporate hardware, it's in consumer hardware, too, and all of the devices will not be tethered to the desk. it's a five story glass building, very transparent and it's very hot, microsoft rebranding itself with the biggest store in the world on fifth avenue. stuart: i'm a guy who owns microsoft stock. so it's an objective viewpoint liz: it is objective and i'm into the financials and just covered this, yeah, not doing anything in your behalf. stuart: it's great to see you back on the show. now we've got fedex, they expect record volume of
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shipments this holiday season, let's go to nicole and the new york stock exchange. hold it there, please. nicole: all about e-commerce, record shipments expected and the stock is up a quarter of a percent. expecting to hire 55,000 seasonal workers and expect double the package volumes on three days, cyber monday, the monday after thanksgiving. and the first two mondays of december. so, they're ready full force to see a 12% year over year gain to get over 300 million packages out. stuart: that's a big deal. by the way, everyone, watch this day, this network at 5:00 weak day mornings, lauren and nicole will be there to guide you through the opening of the early part of the session. to the economy, industrial america is showing signs of slowing down. scott, to you first. this all fits in with your overall outlook, doesn't it, that we're slowing down and the rest of the world is slowing down and everybody is printing money and it's not doing any good. that's where you're coming
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from, isn't it? >> 100% and i think a large part due to the fed's inability not giving a clear signal where they want to take us as far as interest rates go. i don't like them at zero, but i don't think that we should hike them either. you can look at not just commodities and income storage. everything is going lower with the inability for the fed to give a clear message forward. and our gdp has been lowered constantly. and the world gdp has been lowered, and i think they're going to be on hold. but we need to see true growth. i've said over and over again, we can't have the central bank manufacture growth. no one sees that around the globe. stuart: hold on, scott, i addressed this question to you. we got numbers from the social security administration. they show that half of all the individuals who work, half of them make $30,000 a year or less. now, how do you account for that? i mean, that is depressed
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wages, in the extreme, it seems to me, but again, scott, that fits in with your point of view, do nt -- doesn't it? >> since 1990, manufacturing jobs accounted for 20% of our gdp. today it's 10%. since 2008 we've lost 15,,000 manufacturing plants. we're going to a service sector economy, they're not making enough. we can't get out of that problem by people asking do you want large fries with that. stuart: 30,000 or less for half of the individuals who work in this country seems to me to be hand to mouth existence, isn't it? >> it is. but you know what else it is? it's a scathing indictment of the fed's policy because you've got middle america, household wealth going down and people not only making less money, but fewer people even having savings to begin with. something like your refrigerator breaks and you have a flat tire. people have to dig into
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emergency savings to get by. terrible, terrible, terrible, indictment of the fed policy. stuart: and a lot of people have to pay huge deductibles with obamacare. ashley: 40% of americans earnings less than 20,000. the poverty line, 24,,000 for a family of hour. it gives you a sense the middle class is eroding away. stuart: 40% making 20,000 or less? >> eviscerated, not just fading away. it's being eviscerated liz: this is the government's numbers and it's going to basically add fuel to the political debate as well. the democrats say the economy is in recovery mode, the g.o.p. says it's not. stuart: try this one on a related subject. related vein. remember the seattle company with $70,000 per year minimum wage, that gentleman, has been a guest on the company and now
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that new minimum wage is reportedly paying off. ashley: says that revenue is growing twice as fast as before. customers retention is up. lost some customers and didn't like the policy and thought the service would go down, but now he's retaining the customers and revenue doubled and many people are trying to sign up for work at gravity. he's reinvested 3 million in the company. wiped out his retirement, and mortgaged two homes because he believes in it. stuart: scott shellady, we can't do that-- ments does anybody believe that customers are flocking to his firm because of what he pays his staff. i don't think so. i think it's mutually exclusive. maybe the business was taking off, but i can't believe that you're going to make a
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conscien conscious decision because a or b. he's making money, if he's not, it will sort himself out. stuart: we'll ask him himself. he's back on this show on wednesday. >> that's his company, right? >> yes, that's his company. right. to the big board, this is literally dead flat. we're down three points on a 17 considers index this monday morning. then we have whole foods down after cowan and company cut the price target to 35 from 40. well, it's at 30 right now. china on-line travel firms set to announce a merger. c cuenar was that? >> yes. >> it's not same. ashley: that's with a "d"
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liz: i like how you're working that out with your accent. stuart: that stock we showed you is up. got it? okay. coming up, will you watch this, a close call for a photographer who got under a plane as it takes off from the runway. that story coming up. and a rise from russia in the mideast. and asking putin for artillery and helicopter gunships. more on that in a moment.
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>> okay, look at this please. a plane misses a camera man by feet as it took off from a caribbean airport. the cameraman took the position at the end of the rfof the runwg
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over him. it's a short runway, apparently he was uninjured, but pinging in his ears. that's a guess on my part. wouldn't want to be there. and checking after 15 minutes of business on a monday morning, we are dead flat. down slightly. i'm not going to call that a loss. look at lending tree, a big time, 16% higher. starbucks would you believe yet another all-time high. starbucks hits 63 and now this. no criminal charges for lois lerner in the irs targeting scandal. the justice department announced it friday afternoon. kind of one of those dumping bad news while everybody is napping. all rise, judge napitano is here, so she did absolutely nothing criminally illegal? >> well, i profoundly disagree with this. this is an unfortunate dark place in american history and government where politics and
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law enforcement intersect and sometimes the justice department and candidly, justice departments of both political parties, doesn't matter who is in the white house, have done this and just decided it's better for us or for the country if we don't prosecute. if you look at this from an objective point of view, is there enough evidence to present to a grand jury to persuade the grand jury it's more likely than not that she committed a crime and that the government can prove the crime? absolutely, yes, the destruction of e-mails, targeting of individuals and a long list for which she could be charged. stuart: is this a case of president obama telling his justice department don't do anything criminal with lois lerner? >> not quite that directly, with a little more subtlety and without the president's fingerprints, so to speak on it, yes. stuart: she's not going to be prosecuted for any criminal act, can she be prosecuted for
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a civil act. >> meaning, can she be sued. stuart: yes. ashley: probably-- >> probably not, the government has written immunity laws for itself for individuals except for egregious, intentionally. stuart: she walks free? >> she walks free. the exercise of government officials is immune from liability otherwise the courts would rule, every time somebody made a decision, they would do so under fear of-- >> no wonder this was buried on a friday afternoon. >> there's another well-known person investigated by the justice department who may have lied under oath last thursday when she testified before the benghazi committee, not the
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same team of investigators, not the same fbi agents, not the same standards, one would hope. stuart: i understand and that's hillary clinton. you're going to tell us about that in the 11:00 hour. >> i hope so. stuart: back to this, lois lerner, i think one of the most-- the worst i think i've heard of american government the idea you would use the irs like a third world banana republic or whatever you want to call it to get a hold of the election process and go directly against the president's own political party to interfere with the machinery of government to use it against individuals through election is awe appalling. >> stuart, the rules for the irs were intentionally written in a vague manner. fdr, lbn, jfk, richard nixon could use the irs to their political advantage and congress has yet to tighten up the laws to prevents anybody from doing it. stuart: that's the first thing
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they should do when they take their seat. we're waiting with bated breath. a lot of people do. a stunning admission from tony blair, the british prime minister, he says the war in iraq did give rise to isis. more varney in a minute. >> i can apologize, by the way, for some of the mistakes in planning. the world has gotten you far, but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. jeb bush:believes thatnt, wamerica's leadership and presence in the world is not a force for good.
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america has led the world and it is a more peaceful world when we're engaged the right way. we do not have to be the world's policeman. we have to be the world's leader. we have to stand for the values of freedom. who's going to take care of the christians that are being eliminated in the middle east? but for the united states, who? who's going to stand up for the dissidents inside of iran that are brutalized each and every day? but for the united states, who? who's going to take care of israel and support them - our greatest ally in the middle east? but for the united states, no one - no one is capable of doing this. the united states has the capability of doing this, and it's in our economic and national security interest that we do it. i will be that kind of president and i hope you want that kind of president for our country going forward. announcer: right to rise usa is responsible for the content of this message.
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>> guess what? the price of that is a new low for the price of natural gas. why is it low? because of warmer than normal temperatures, okay? how about amazon? it has just broken below $600 a share, so what? it's still up 90% for the year. it's on a tear recently. and look at microsoft, look at the stock, but actually look at the new store on fifth avenue, new york city, they're lined up to get in and that big new shiny store, five stories tall, biggest thing on fifth avenue liz: biggest headquarters, flagship store, rather. stuart: and apple, give me the buzz. now, former british prime minister tony blair says he is sorry for mess mistakes made in the iraq war.
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listen to what he said again. >> i can apologize for the way some of the mistakes in planning and certainly our mistake in our understanding of what would happen once you remove the regime. stuart: that was a shock. an apology just like that out of the blue all these years after it happened? lt. colonel ralph peters is with us, what do you make of that apology coming now for whatever reason? >> well, i think his remarks, when you look at what he said overall, were perfectly fair and fully accurate. he says he did not regret getting rid of saddam hussein, he regretted in my word, the incompetence with which it was done. we did a great thing, very, very, indeed inexcusebly badly. why? because we listened to these pathetic textbook neocon types instead of military professionals when it came to strategy. stuart: the way it's going to be taken is, blair apologizes, brynn apologizes for what it
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did. that's going to reflect very badly on george bush and come back into our election campaign. >> well, of course, i would not have used the word apology. tony blair has gotten a little bit odd. the fundamental point of what he said it was correct. what is not correct is to interpret this as, oh, this was a cause of islamic fundamentalism. get the chronology write. the fundamentalism was coming up since the 1980's. and the rapid spread of islam ic fundamentalist was not the iraq war. it's in the middle east that cannot begin to cope with the modern age in any sphere of human endeavor. stuart: two quick stories on russia for you. i want your comment on this. the russians in afghanistan they want russian helicopter gunships and artillery. second, russian submarines have been spotted close to undersea cables that carries the
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internet traffic. if that's not the cold war all over again. i don't know what it is. >> separate the issues, if i was the afghan government i would want russian equipment, it's affordable, it's easy to repair and works. they're having trouble with the latest jets in syria, but the stuff the afghans want to buy is for their environments is better than ours. our military gear is better technically, it's finicky and russian helicopters, i've flown a lot of them, you can repair them with bubble gum and tape. stuart: okay. >> and another point, the undersea cable-- >> i'm out of time, i'm sorry i've got to run. >> worry about the cables. stuart: tomorrow the cable, thanks very much, ralph. first hour of "varney & company" almost in the books. next hour, california slammed for its high speed train, it will take more money and longer to build it. told you. and golf legend gary player opening up a brand new course
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in west virginia. he has a birthday coming up, he's going to be 80 years old and still does a thousand push-ups a week. no wonder he's good. next hour varney, coming up. with it neutralizes stomach acid and is the only product that forms a protective barrier that helps keep stomach acid in the stomach where it belongs. for fast-acting, long-lasting relief. try gaviscon®. for fast-acting, long-lasting relief. sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities.
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. stuart: it is exactly 10:00 eastern time, california's $68 billion plan for high speed rail will come in way over budget and take a lot longer to complete. the experts say building it is just not realistic. to the economy, clear signs that it's slowing down. where's the leadership? where's the growth policy coming from the president, hillary clinton, or bernie sanders? where is that growth policy? my take on that at 10:25. also the latest round of polls from iowa. carson, trump in a dead heat. bottom line here is, though, that the political outsiders, carson, trump get six out of ten votes. and opening up a brand news golf course in west virginia.
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got a birthday coming up. 80 years young. i'll ask him, can you shoot your be age? second hour of "varney & company" starts right now. ♪ ♪ off to the southland where the remnants of hurricane patricia converged with a second storm yesterday and brought torrential rain to louisiana, after the pounding in southeast texas as well. and more than 2,000 residents without power. and drenched a large section from dallas to the southeast coast. flash flooding 50 miles south of dallas. officialsing reports dozens of rescue use from homes and businesses. it is bad. check that big board. slightly lower now. up 25 points. and live from manhattan's 5th avenue new york city. that is the microsoft store
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just about to open and they're lined up out the door. to amazon, that stock just dipped below $600 a share, so what you might ask. the thing is up 90% this can calendar here. 59 still represents a huge gain for this american technology giant. how about google? up big friday. up big on friday. up 35% this year. up again this morning. up $8 at 7.27. and we've got an all-time high for starbucks, which has reached 63, also a new high for mcdonald's. not quoted the price of oil yet for you this morning. i'll tell you it's down, not much but it's down $44 per barrel. been in that range for a long time, and now it's at the low end of that range. 44.14 and headed down. here's the good news for everyone who drives president the national forming regular gasoline is now 2.20. i'll tell you again i paid $1.79 in new jersey first thing saturday morning.
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to california. the los angeles times says the state's high speed rail system will come in well over its $68 billion budget, it will not meet its self-imposed deadline to get it up and running by 2. let's go to you first, list beth macdonald. 68billion, a huang amount of money in the first place. what is it now. liz: a number of things, we don't know. stuart: just more than that. liz: yeah. and here's the reason. they have to tunnel through mountainous sprains i don't think they factored that in, what it would take to get the tunnels through the mountains. and also the -- the fault lines too. ashley: they're over both plates. the north american plate and the pacific plate. right across it. stuart: does anybody -- the three of us. does anybody believe that they'll build this thing? liz: it would be really problematic because they've got a lot of high voltage electrical systems and maintenance to get this thing and up running.
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it's going to be quite a technological feet. ashley: when it was approved by voters, it was $33 billion. so more than doubled the at to $68 billion and there's no way they can do it for $68 billion. liz: it's called the most vicious tunneling project in the history. ashley: miles of tunnels through earthquake prone land . stuart: 67 years old, here's my prediction. it will not be built in my lifetime. any takers? don't you start betting my life. ashley: there you go. stuart: no odds on that one. ashley: no odds. stuart: back to the big story which is the u.s. economy that is clearly slowing. mining, energy, manufacturing, all bracing for trouble. that's why i'm wondering what if china is actually able to turn its economy around, get back to 7 or 8% growth and bail us out?
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how wild a scenario is that? to former u.s. ambassador to china, former utah governor, john huntsman. welcome back, great to be to have you with us again. >> my pleasure. stuart: what i'm suggesting is if china really could get back on track to 7 or 8 or 9% growth, they'd bail out the whole world, us included. any chance of that happening. >> i don't think so. i think, stuart, we're back to doing the fundamentals right here at home. if we can't deal with debt or fundamental tax reform or take advantage of our new-found energy. if we can't agree more to a stronger sense of federalism, then shame on us. this country wants to grow. everywhere you go in this country, and i travel around quite a bit. it it wants to break out, it wants to move, looking for some sign of life, and it isn't getting much. i'll tell you. i wouldn't change the problems here. stuart: definitely i'll take
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that but a lot of people in this country are not concerned about growth, they're concerned about fairness. so what they want is a reslicing of the pie to make it more fair. now, that's -- that's what republicans are facing in the fourth coming election. and i don't think that's a growth plan, do you. >> no. that's a spend plan, and that gets you in trunnel over time. and any we don't even have tell you, and i have been there be as long as i have a strong growths agenda, you can do what needs to be done on the debt and side, but we don't focus enough on this country on growth, on the seeds of growth, on the pillars of growth, on what it takes to get the entrepreneurship system going, fired up, and to keep it healthy and that's a huge problem. but when we take away the old incentive system and make it hard to get a loan from a bank and rules and regulations to start a business that no one
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wants to take a risk, shame on us. that's a huge problem for growth in this country and we've got to get back to the basic fundamentals. china's got an bail us out. they have their own growth problems and taking place this week to take a look at the 13th five-year plan, discounting their cost of southern baptist as we saw friday. that's not a recipe for success. stuart: right. >> let's get back to america. what's your feeling of america's opinion at the moment. the fairness, the left, or growth on the right? can you be objective about this? >> i would have to say that this country rallies around the word opportunity. everyone understands opportunities. it's how you level the playing field so everyone has a fair shot. stuart: how do you frame that message? how do you frame the message of opportunity and growth? how do you do that? >> you frame the message of opportunity as being
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achievable through growth and growth achievable through opportunity. i think they're tied. but opportunity goes right to education, it goes right to our communities, it goes right to how we treat each other as americans. it goes right to our tax policies and our economic policies. if we had an overarching goal, stuart, that spoke to opportunity for everyone, regardless of your point of original, which is exactly what this country has always men to its citizens, i think we'd have a much better outcome. we don't have enough people talking about how to achieve opportunity and how to rally policies around making that a reality. stuart: you know, mr. ambassador, governor, it's not too late to jump into the race. but i digress. >> your show's always the springboardly for things, huh? . stuart: whatever you say, sir. i'm glad to hear you say that. take a look at the big board, please. a very narrow loss. down 13 points we're at 17,632. coming in market watcher ross gibbins.
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i know, first of all, you're bullish on apple. and you're bullish on general motors. but i want to know when do we get real growth from the stock market? when is it going to happen? >> well, stuart, that's a really good question, and i think the key to this is pe expansion. you know, we look at the market when people say it's overvalued or under valued based on -- [alarm] . stuart: i'm sorry you were buzzed. you can't say pe. price earnings ratio. we just don't allow it. i'm sorry. but we will continue with the discussion. when his this stock market going to go up big time? tell me. >> this quarter is going to be a fantastic quarter. and i'm really buggish going into 2016. i think we're going to shock most investors and have a really strong 2016. this is when it happens. when people don't think it's going to. stuart: you're right. very few people looking for a big rally right now.
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are we going to get 18, 19, 20,000? go ahead. go out on a limb. >> i think we'll see an s&p reach at least 2,500 before we get to a market pull back. so i think there's still at least 20% to the upside. 20,000 on the dow? . stuart: i'm sorry we're cutting it so short and i'm very sorry that we buzzed you because our is viewers would love to hear a 20,000. i've got bad news for breakfast lovers out there. one of your favorite breakfast foods could be killing you. i think that's a little over written if i may say-so. but jo ling kent. >> there's a new study out from the world health organization, so if you have bacon as part of your breakfast, you want to listen up to this. a new study by the who says processed meat by with bacon, and hot dogs can cause cancer.
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there's equivalent evidence that it increases bowel cancer by 18% and red meat like beef and pork and lamb that there's limited evidence. but industry grout group, the north american industry responded quote they're dramatic. stuart: let me strain this out. let me just get it right. eating two strips of wake onfor breakfast. liz: every day. ashley: every day? >> over a long period of time . stuart: over a long period of time increases your chance of bowel you can answer by 17%. >> that's what they found in a study. so it's not just some study being published. this is a medical peer review journal. stuart: okay. ashley: british medical thing. liz: i'm interested in people who eat two strips of bacon a day. stuart: who doesn't?
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liz: who doesn't. ashley: sausages? . stuart: i'm not faking fun of the story. >> it's important to give you all sides. stuart: keep taking those supplements, you know, factory foods. and hillary clinton playing the gender card calling bernie sanders sexist. let the name-calling again. we will discuss it next you wouldn't order szechuan without checking the spice level. it really opens the passages. waiter. water. so why would you invest without checking brokercheck? check your broker with brokercheck. when a moment spontaneously turns romantic, why pause to take a pill? and why stop what you're doing to find a bathroom? cialis for daily use, is the only daily tablet
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is the big company that doesn't act that way. stuart: it's monday morning, coming back after three very good weeks with the exacerbating minor loss down 30 points. 17.6 is where we are. analogous hitting a new low price because of warmer than normal temperatures down to 2.15 per -- whatever it is. units i think. something like that. down 5%. the share price of arctic cat moving higher. one banker up graded it, arctic cat makes snow mobiles, strange if you're having warmer than normal temperatures. combine them all together, oil and that the gas lower, that's
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hitting energy producer, energy down to $7 per share. ouch. is meanwhile president obama defending the black lives matter movement. watch this. >> i think the reason that the organizers use the phrase black lives matter was not because they were suggesting nobody else's lives matter. rather what they were suggesting was there is a specific problem that is happening in the african-american community but not happening in other communities. . and that is a legitimate issue that we've got to address. . stuart: well, that is the backdrop as the famous hollywood movie director clinton just days after a new york city cop was shot dead, he fired up an anticop rally this weekend where he called police murderers. liz: and the police association saying, yeah,
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clinton taking part in the rally, no surprise that he makes a living off of crime and violence, he said i have to call them murderers and the chief said, you know, basically clinton teriteno is kept safe by the risk their lives, yes. stuart: call police officers murderers when one of them is just -- liz: and the family of that police officer shot and killed is upset with him as well. so they're calling -- by the way, the police are calling his movie -- his statement rather cop fiction. stuart: that shot there was the police officer killed. liz: east harlem. yeah. stuart: we'll deal with that later on. hillary clinton playing the gender card, it seems mrs. clinton clinton did not like bernie sanders remarks in the first democratic said when he said all the shouting in
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the world would not keep guns out of the wrong hands. suggesting that he used those words because of her gender. political strategist ebony williams is with us again. welcome back. >> thank you, stuart,. stuart: did she play the gender card? >> i think she did. and i think it was a low blow, stuart,. stuart: really? >> yeah. because what she's insinuating, that's a real thing, against genders or racial groups. stuart: identity politics. >> absolutely. stuart: have made saying i'm this gender, vote for me. >> sure but that coated it thing where they make those -- that's a real valid issue but not applicable here, stuart. i don't think for one second hillary clinton thought that bernie sanders was really trying to insinuate every time a woman speaks out they're yelling. that's sexist. i don't think she thought tha. stuart: she's trying to get a leg up on her only competitor can. >> yeah. stuart: there's no other competitor at this point&unfortunate.
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it's sad there's no general, it's a low blow and necessary one. she's had ten great days. she didn't they need. stuart: part of the best 10 days of her political year career. you're not happy with joe biden not running? >> i cried on the inside. i didn't really cry but i was very sad. i was disappointed. i'm not, like, yay joe biden but excited to see an active debate on the left. i think america chevies, the democratic party deserves that at that and now they're going to think it. stuart: he's saying, and after he dropped out he's basically saying i couldn't win. >> yeah. and what you know, i don't know i believe that to be true, i think that could have -- he under estimated the fact that there were a lot of people in this can country on the far left that were dissatisfied with the candidacy and surprised how many people would have entertained his decision. stuart: willing i thought you were all hillary.
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i thought you were. >> no. no, even in 2008. stuart: what is wrong with hillary clinton? you are a committed democrat, that i know. >> i am the not. that you get wrong too. stuart: you are too. >> that's not true. i'm a committed independent thinker who leeds progressive and i don't think she's progressive. stuart: so bernie sanders is your person. >> no. well, he's a socialist. i'm a capitalist. stuart: exactly. >> no, he's a socialist. i believe in working hard, stuart, and working hard and being successful in this country. stuart: have you ever voted for any republican in your life. no, you haven't, have you? >> i'm a young kid. i've only voted in two presidential elections, stuart. give me time. i'll entertain it, though. we've talked about this. stuart: you would entertain voting for a republican? >> i think right now very strongly that i might. stuart: we're going to work on you for 13 more months. liz: we've got a whiling on. stuart: it's going to be fun. you're going to love this.
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ebony, welcome to the program and good to see pu. up next how do we get back to growth prosperity in this country? hint i don't think it's going to be through president obama or hillary clinton or bernie sanders. my take, my opinion, next the only way to get better is to challenge yourself,
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stuart: new polls. look at this. here's the headline. the political outsiders are still very much in the lead. voters appear to want fresh and the establishment politicians not delivering. full numbers coming up. and golf legend gary player has a birthday coming up. he's going to turn 80 on november the 1st. he does 5,200 situps every single week. what am i going to ask him? can you shoot your age? what are we going to do?
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the economy is clearly slowing but there is no credible policy fix coming from the white house or from hillary clinton or from bernie sanders. with the left in charge of the economy, the government running the show, there is no way out of the slow growth. president obama fix is infrastructure spending and higher wages. wave the magic wand, pass a law, and all will be well. no, it will not. hillary clinton demands free pre-k for all and tax the rich. bernie sanders would tax the rich to death and go even further with free this and free that. none of this is about sound economic policy. it's entirely about winning an election. giving something to various constituents may very well be a winning political strategy and at the presidential living giving you stuff has a good shot of gigantic you into the white house but it will not return america to prosperity. it will not produce economic
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growth and that's when we desperately need. you could adopt president obama's policy tomorrow morning. all of it, and it would not give us anything like real growth next year. give hillary and bernie everything they want, and you could expect a recession. it's true. stocks are doing well because free money keeps flowing. technology is doing well because america's giants are just so good at it. but america as a whole is not doing well. we are not the prosperous society we could be. we don't need political postering, we need a growth policy and any chance after that year and a half away. i will digress briefly with one last very telling statistic. the social security administration says half of all the people who work make less than $30,000 a year. politics does not fix that. economic growth will can a business have a mind?
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>> you can say that the market is taking a pause after three very good weeks, very little change this monday morning. we're at 17-6. however, look at yelp. amazon echo can now give yelp restaurant suggestions. remember, we had one of the echoes on the set. and the iowa polls show outsiders leading in a dead heat. and that means six out of ten voters prefer a totally nontraditional politician. washington chief political correspondent is with us and to me, the two total outsiders are pulling further and further away. it's not going the other way. these guys are moving out in
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front even more and more, is that right? >> that appears to be the case. that same cbs poll that showed trump and carson tied in iowa showed trump with a huge lead over carson in new hampshire and a huge lead over carson in south carolina, but you're right, both of them far ahead of everybody else and i have to tell you what's interesting is a lot of g.o.p. insiders, people you might call the republican establishment, firmly believe and clinging to the hope that carson and trump will fade and that one of their more traditional candidates, marco rubio or someone else will rise. right now these outsiders are incredibly strong. stuart: can i ask you to take your reporters hat off for a second. i know you're a factual kind of guy and give your opinion. i hope you don't mind me sticking with this. do you think that trump and carson will fade? >> i can always dodge these questions.
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stuart: yes, you can. >> look, i will say that as far as trump is concerned, i think you and i have talked about this, there with as a moment, maybe a week ago, ten days ago where a lot of people in the republican establishment looked at this and said, wait a minute, this could actually happen. they had assumed that trump would implode and it hasn't happened. so, my answer to that is yes, i do believe, it's possible that trump could go on to take the republican nomination, just as possible that he might not. and carson is a little harder to see with that because even though he has this huge well of high regard from republican voters and he's very popular in iowa, could well win iowa, a lot of people have won iowa like rick santorum and mike huckabee who did not go on to win the nomination. >> that's why the polls out of the south carolina and new hampshire which show trump with a massive lead, he got 40% of the vote, i think that was either south carolina or new hampshire, but up in the 40's
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and in the 30's with the other one. he's so far out front, can-- >> well, 38-12 over carson in new hampshire and remember, we've had other polls in nevada which is the fourth of those early states, trump with a big lead, plus, go on to the south dthe sec primary on march 1, trump very strong in a number of those states, too. stuart: how about jeb bush, what he said over the weekend, he sound like he was fed up with being beaten up and pursued and the rest by trump and the others, he's toned down his campaign and taking some of the money off the table. i mean, is this guy in it for the long-term, do you think? or is he out already? >> well, a lot of insiders are beginning to doubt that and i have to say in total frankness what he said sounded like a loser on saturday in which he basically said, look, if running for president means i'm going to be fighting and involved in gridlock, i don't
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want any part of that. if you want demonizing people, you can have trump. i don't think that a candidate should say to the voters, look, i don't need this, if you don't give me what i want, i'm leaving. i'm thinking they'll likely go to someone else. those statements showed, i think, the depth of jeb bush's frustration now. it's a kind of a, i can't believe i'm losing to this guy. stuart: exactly. and look what's happened to all-- i think almost every single republican candidate who's been attacked head-on by donald trump. governor of texas, rick perry dropped out very, very quickly. lindsey graham attacked from trump in the get-go and nowhere in the field and especially jeb bush, trump drove him to the bottom of the pack saying he's
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a low energy guy. and then ben carson, energy low guy. stuart: and donald trump hounded jeb bush out of the race and almost takes pleasure needling jeb bush. ben carson is another situation, ben carson is extremely highly regarded in iowa and his book is in the curriculum of home schoolers in iowa. i'm not sure it's a smart they think for trump to attack carson and also, remember, trump says i'm a unt coulder puncher, i only attack if somebody attacks me, well, ben carson is not attacking him. the only thing that carson has done now is rise in the polls in iowa. stuart: that is true. byron york, thank you for taking the reporter's hat off to some degree. >> just a bit. stuart: no, no, we got you there. >> thank you, stuart. stuart: as the days get darker and colder, i can see it coming
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a mile off, we're going to be longing for the hazy, crazy, days of summer when we're on the golf course, my next guest has an option for you. he's opening a brand new golf course in west virginia. let's welcome back to our program, a wonderful guest, gary player. welcome to the show. >> thank you, stuart, i hope all of our listeners can understand our two accents. stuart: yours is south african, mine is british, but a mid atlantic these days i've been here so long. i've got to ask you about the course in west virginia, that's a confidence in golf, haven't it? >> it's fantastic, arnold palmer, jack nicholas, lee trevino and myself, have traveled more miles than any other athletes in the history of sports. we have such knowledge and experience of probably over 400 tournaments and all designed golf courses, all to get together to put all of our experience in one golf course
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for a man called jim justice of white springs, virginia, and green brie briar, this is high in the mountains and it's special. stuart: i didn't know that this golf course is part of the greenbriar complex, is that correct? >> very much so and i've played in greenbriar in 1957, and i've played 36 holes with sam snead, i tied with him. extra seven holes, lost and mr. snead, anythin help me with with my swing? he said i ain't seen you swing yet, son. [laughter] >> i got sam snead's autograph at greenbriar when he was a professional as i recall. >> the greatest athlete, sam snead was the greatest athlete i ever saw in golf. strongest and greatest of any golfer that played. stuart: enough with the past. let's talk about you and the present. you're going to be 80 years old on november the 1st. you look absolutely fantastic.
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but every golfer i've asked, gary player on the show, he's coming up to an 80 soon and they all ask the same question, can he shoot his age? in other words, can you play a round of golf on a long golf course and shoot 80 or under? can you? >> stuart, on an average golf course, i average 70 and-- >> you're kidding. >> and beat by ten shots. i can still play very well and i work out. stuart: you're a scratch golfer. wow. >> very much so, a little bit, i think a little better than scratch. stuart: and how about a really long course, 6, 7,000 yard course, can you do that? >> on a 7,000, yard, sorry i interrupted you there, on 7,000, i get close to playing to scratch or one or two over par. what made america the greatest country in the world is family, faith and hard work and that's basically what we as a company base our principles on. i still work as hard as i ever
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did in my life at 80. i travel as many miles as i ever did. you've got to keep going. actually, retirement is a death warrant. you've got to keep your body moving, your mind exercising. and i want to be the greatest or dator of any that ever lived. stuart: i quoted you earlier, 5,200 setups a week and many of them are done with a, what is it a 20 or 50 pound medicine ball you move forward and backwards with, tell us. >> this morning i did 1,300 crunchers and many sit-ups and a 100 pound weight for the last 200 and i still run on the treadmill at maximum and often push 300 pounds on the legs with the leg weights and i eat properly, eating is essential.
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the first 80 years are the toughest. [laughter] >> i have to admit, i'm 67 years of age. could i be as fit as you are 13 years from now if i adopted your exercise and diet regiment? can i? >> if is a big word i don't think you've seen your knees in the last six years. [laughter] honestly, stuart, my great dream for this great country, america, at least 25%, that we know of, of the young people are obese. america had a monopoly in every sense of the word in the old days. now they've got china, india, africa, russia, the young men of american have to work hard to maintain the position. it's great to be world champion, but to stay there. dedication to this great country.
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stuart: that's why you're a favorite guest on this program, you get it right every time. congratulations, mr. player, an honor to have you with us. >> thank you, sir, thank you. stuart: how do you follow that? you follow it with a report. you talk about the world beating american technology companies, which is so well on friday, so well throughout this year and look at them today. we open up with amazon up another 4 bucks, we've got google, otherwise known as alphabet, facebook, 102, 103, and microsoft crossed 53 and is now up again. how about that? a deisn't follow-up on the sector report to what is going on. focus on facebook for a second. hitting another all-time high. moments ago -- that's the new all-time high. facebook hit 103. make sure you know that one. and it is an app and it's called periscope. and let anybody with a smart phone broadcast live video on the web. now, this is a game changer. we'll tell you what it's all
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about in just a moment.
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awe believe active management can protect capital long term. active management can tap global insights. active management can seek to outperform. that's the power of active management. >> i'm nicole petallides with your brief. a market is near that unchanged line. the s&p 500 down 4 and the nasdaq composite up 2 at the moment. new home sales unexpectedly fell in september. let's take a look at some of your down movers here. goldman sachs as well as procter & gamble.
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we're going to hear from apple for earnings and also seeing chevron and exxon under pressure as oil has pulled back and is around 44 and change right now. some names hitting some new all-time highs, including mcdonald's and starbucks and we continue to talk about yahoo! they streamed the first nfl game and the first time it's primarily on the internet from london and that brought in 15 million viewers, this actually a couple million more than monday night football. we want you to start your day every day at 5 on fox business. fbn a.m. all the news you need. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... that's huge for my bottom line. what's in your wallet?
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>> have you tried this thing called periscope yet? it's an app that turns your cell phone into basically a broadcast so you can broadcast yourself live streaming over the internet. curt, the cyber guy is here. wait a second, you've got me-- right now, you're using periscope. >> you're live on periscope right now. >> the camera is on me. >> i pointed it at awe. anyone with a smart phone can download periscope. you can broadcast your video from your smart phone to the world. and lets us also see other people's live broadcasts. we can look at a map of the u.s. and see who else is broadcasting.
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i can have you down as one of my favorites, as i do, when you start broadcasting it will tell my phone to start-- he's got something going on and i can tune in by swiping. stuart: there are people watching me on periscope? >> there are 11 people who just signed on. handsome devil stuart is a remark across the screen. >> really? i could do that from anywhere? i could-- . [laughter] >> and so i could go to a sporting event, for example, and broadcast the whole thing on periscope and anybody could watch? >> now, see what a brilliant concern you brought up. because, who has the broadcast rights for the sporting event you're at? >> well, not me. >> not you, right. stuart: so i'll be illegally discussing it. >> is it? it's yet to be tried. is it a commercial venture for you to broadcast that. this thing will evolve and you'll figure those things out. stuart: and i usually gravitate to cameras, right, you put a
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camera on me-- get that thing away from me! . ashley: down periscope. [laughter] >> down periscope. stuart: that's good. >> and the other thing is, even if you don't want this, you want to get your name now before someone else gets it. so, download it, get the-- get it on your phone whether you like it or not. it's the future and going to be enormous and the growth rate-- our viewers just get the periscope app and you are in business. >> and you're in business. stuart: it's that simple. >> that simple and on-line, i put a how-to, what do do, how to sign up the right way and how to get it working for you. >> and how many people are watching now? >> right now, we have, we just added another 12 and you're getting love hearts. stuart: another-- >> love hearts from the audience and right there, people periscope, weird stuff. >> i did not--
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>> put the camera on me and i did not jinx the jets. i did not jinx the jets. let's see what response that gets. >> hi from gr, michigan, hi from boca. >> yes, you did not says is the answer. stuart: i want it. all right, here is your mission, put that on my phone. can you do it? >> done. stuart: thank you, curt. major flooding in texas, can you believe this, 18 inches of rain, and look at this, freight car derailed. we've got a live report from you minutes away. and two navy seals here on the set. they turned the tied and turned the tide in ramadi, in iraq. they're with us. they're going to take that and apply that here. these are two great guys. et. but at t. rowe price, we can help guide your investments through good times and bad. for over 75 years, our clients have relied on us to bring our best thinking to their investments
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>> unbelievably more than 20 inches of rain fell in parts of texas this weekend as the remnants of hurricane patricia combined with another storm system to cause the very heavy downpours. dan springer is in however. and how are they deal with the flooding and has it stopped raining? >> it has. i see a peek of blue sky above me, in houston, they are drying out, they are picking up and
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they are trying to get back to normal, this part behind me, this is the buffalo bayou park and this is covered in water. this was a lake yesterday and the water receded back to the bank. it was left behind and a lot of trash. we saw a bunch of city workers picking up debris and trash and you can see the tree stump wash down the bayou and it ended there. and now the remnants are felt over in louisiana where yesterday 40 miles per hour winds knocked out power to some 20,000 customers, a lot of rain fell there, we're seeing quite a bit of flooding and parking lots and cars abandoned and then in texas, the real rain hit saturday night, one count had 20 inches of rain, and that broke a levee and water rushed through the levee and knocked over a train and there were tons and tons of cars left around the city that were abandoned and there were 28 calls for rescues in the city of houston, but that water has
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receded and things are finally getting back to normal. all the cars have been taken away to the tow shop and garages to be worked on and people are trying to get back to work. >> is the forecast good at least for the rest of the week. you mentioned you saw blue sky, are we going to get a break? >> yeah, we're going to get a break in houston. patricia is moving eastward and the rain is coming down in places like mississippi and further east it will go. here in houston, at least, things are good. ashley: all right. better news, i guess. dan springer, thank you so much reporting for us and all of that flooding in texas from houston. american support for the tea party has dropped to its lowest level since the movement gallup before the 2010 mid poll showed 17% of americans now consider themselves tea party supporters, while a record 54% say they're neither supporters or opponents. guess they don't care. e-mack, the support for the tea party has been on the wane over
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the last four or five years liz: since 2010 and they've hooked up with the freedom caucus and we'll see if they have influence there. you're right, they have been on the wane. ashley: what is it? a conservative, generally, the tea party supporters are the conservative republicans, the opponents are the liberal democrats. so, you're saying that the conservative republicans are going to the freedom caucus? liz: that's right. maybe they'll have influence there, but the message isn't getting through. they used to have bigger influence. well, we have a full two hours of "varney & company" on the books and two navy seals are coming up, you'll not want to miss that. here are highlights just recently, just a few moments ago and more from you on varney coming you. >> the original for bush to go after trump and you can't go anywhere, going after somebody who changes positions on a dime. he needs to keep focus on policy and challenge others on policy not on personality. >> this country wants to grow, everywhere you go in this country and i travel around quite a bit.
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it wants to break out, it wants to move. it's looking for some sign of life and it isn't getting much. >> i wouldn't trade our problems here for the problems in china any day, stuart. stuart: i'll take that.
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stuart: figurings from the social security people show half of all those who work make $to 30,000 a year or less, that is very low income, and it is a shock. you're scraping by. why are wages so low, so flat for all these years? plenty of reasons, but the one so few people mention is the 11 million illegals. will anyone on the left admit that unskilled immigrants, legal or otherwise, will drive down wages? here's another one. the price of gas is down about $1 a gallon in the last year. so why are we not spending more? again, plenty of reasons, but there's one that goes unmentioned, the cost to you and
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i of obamacare. especially those huge deductibles. sure, we're saving money on gas, but we're spending it at the doctor's office for visits, treatments and drugs that we have to pay for from our own pocket. try this one. the economy is slowing, but the stock market's close to record highs. there's one big reason for that, cheap money. when the world is awash in cash, all kinds of investments fail to perform. have you checked what you get from a bank cd or a bond or a money fund or an investment in commodities or gold? it's hopeless. so money flows to stocks where dividends and capital gains encourage higher prices. what a mess. wages don't make it. health care costs more and more, and safers get -- savers get nothing. no wonder so many people turn to candidates who tell it how it is. ♪ ♪
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stuart: this is the monday morning following two -- three weeks of fine performances on wall street. we're down just a fraction, down .07%. that's not a selloff. but the big names in technology, we watch them every single day, they're doing very well. even though they did really well last week. look at this. google, facebook, microsoft, facebook hitting a new high in the last hour, all of those big names already up on the year, up some more this monday morning. stay on microsoft for a moment. the company's opening its new flagship store on fifth avenue, new york city, and they were lined up. that was right before the opening of the store. that's, actually, that's a live shot right now, i believe. yeah, that's right, that's live. lining up to get inside. not bad. two big name stocks we follow closely, they are hitting all-time highs as of this morning. mcdonald's, see, that's at 113, and starbucks at 63. not bad. how about this? former british prime minister tony blair making headlines
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after apologizing for the iraq war. listen to this. >> i can also apologize, by the way, for some of the mistakes in planning and certainly our mistake in our understanding of what would happen once you removed the regime. stuart: now, i've got two special guests today, navy seals who are fighting in iraq, and they've written a book. it's a great book, by the way. it details how to take war leadership principles into the civilian world, authors of that book that you just saw on the air right there. the title again was -- enter extreme ownership. stuart: thank you very much, indeed. first of all, your reaction to tony blair who comes out now, well a decade after the event, and says, i'm sorry, we shouldn't have done it. >> i find it pretty disturbing that he's coming out and saying that now. first of all, what happened ten years ago and saying the result that we got now directly applies, there's been millions of decisions that have been made in between the war starting and what's going on now.
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and i'd say right now, honestly, the problems we're having right now are more a result of inaction rather than action. we didn't take a good stance in syria, we haven't stepped up to the plate to fight isis. stuart: i have no idea why prime minister blair would say that at this point. i don't know why he felt forced into doing it like this. i have no idea what george w. bush's reaction is going to be. his faithful ally saying we were wrong. i don't get that. any input? >> i mean, i can appreciate what he's trying to do in taking ownership and, of course, you know, always looking back there's going to be some things we could have done differently, certainly. but there's -- i cannot, i cannot agree with him in any way, shape or form. and i think we have, we actually defeated the organization that was al-qaeda in iraq which called themselves the islamic state of iraq and is now isis in iraq previously. stuart: now, you two guys together, your unit, you turned the tide at ramadi, didn't you? you pulled them all together and got them into an attack mode, and we won.
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>> let's make sure we give credit where credit is due. we were a small part of a large army organization. we did play a role in helping take back the city, and it made the sunnis turn against al-qaeda, and that was sort of a turning point in the war. stuart: now, the book is about the principles you learned in iraq and how to apply them in civilian life. let me get right at it. how do you with fire somebody? it's pretty easy to do that in the military, you just demote them on the spot. what do you do in civilian life? >> you have to have a paperwork trail, counseling sessions. it's just about as difficult as any, as firing someone in corporate america. stuart: yes, exactly. how do you apply the lessons from ramadi to corporate life? you're fired. >> as a leader, what you have to do is you have to mentor, train, guide people and help them get better and give them every chance to succeed. and so once, once they -- if
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they get to a point where they can't get there, you've done everything you can, you should actually not feel too bad about it, and they should not be surprised in any way, shape or form. stuart: taking responsibility. how do you do that? you enforce that. >> we made mistakes. we made mistakes and horrible things happened on the battlefield, and when they did happen, i was the overall guy in charge, and i had to step in and say, hey, guys, this is my fault, and here's what we're going to do to make sure it doesn't happen again. a lot of times right now we see in our political leadership, you've got benghazi, who's stepping up to the plate and saying, hey, i was the overall person in charge, it went wrong, this is my fault and here's how we're going the fix it. stuart: hillary clinton says it's my responsibility, but that's a far cry from saying my fault, i did it, i wouldn't do it again. thanks very much for joining us. good luck with that book. i'm sure it's going to be a major success. >> thanks for having us. stuart: microsoft, let's get back to that. they are opening that new flagship store on fifth avenue. it is absolutely huge.
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as we told you, there are, indeed, lines of people outside the door waiting to get in, and microsoft's stock, by way, is up this morning. next case, listen to this. hillary clinton commenting on the v.a. scandal. she says not as widespread as it was made out to be. she also says the gop wants the v.a. to fail. that's interesting. come on in, guy benson. now, what do you make of this? she kind of passed off all the problems with the v.a. sloughed it off and said it's not as bad as it was made out to be. what do you make of that? >> we were just talking on this program talking about taking responsibility and fixing the problem when mistakes have been made. and here we have the democratic presumptive nominee for president challenged on the v.a. scandal, a giant failure of big government, and she said, oh, well, it really wasn't as widespread as republicans would have you believe. and you don't have to ask republicans about the v.a. scandal, you can go to the inspector general of the veteran
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affairs agency who said this was a systemic corrupt problem, that delays in care were everywhere across the country, that the cover-up of those delays were also systemic. and then a new report just out from the ig this fall stating that approximately 300,000 veterans died waiting for care with almost double that amount still waiting for care. so i don't know how she can say something this seemingly callous and tone deaf, but she pivoted into an attack on republicans of all things which seems to be her default setting. institute stuart i've -- stuart: i've still got jocko and leif with me. what would you do, jocko? >> again, we have got a leader that's looking at the problem and saying the problem doesn't exist, it's not that bad, it's not that widespread. we know there's a problem. we know there's veterans that aren't getting the treatment they need.
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you've got to admit that problem, step in, find the solution and execute. stuart: leif? >> that's exactly right. we're never going to solve the problems until we admit there is a problem, and then we can put the right leaders in place. stuart: it would be awfully hard to do the donald trump wouldn't it? you're fired. you can't do that in political life. >> i think real leaders certainly can step up on the decisions that matter. stuart: ronald reagan fired the traffic controllers just like that. he did that. okay. last word to you, guy benson. what do you make of hillary's candidacy thus far? >>, i mean, she had a relatively good news cycle the last week or so with joe biden not getting in, so she's riding high at the moment. i do think these comments about the v.a. scandal which shocked and outraged americans really indicate an aloofness, and these guys are completely right. you cannot fix a problem if you're unwilling to even acknowledge that it exists.
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it's disturbing, and i think that her would-be opponents on the republican side really ought to clip this answer from hillary clinton, because i think it demonstrates a lot about her. stuart: i'm sure they will, and that will appear in all kinds of ads a as we head into the real political season. thanks very much one and all. we appreciate you being here. >> thanks for having us. stuart: i've got to get back to microsoft, and let me clearly state i do own some microsoft stock. not half enough, of course, but i do own some. they've opened that new flagship store in new york city. it's a huge place, isn't it? >> it's huge. five stories, millions of dollars. the real estate is pretty remarkable. it's $3300 per square foot to rent this space right here on fifth avenue. [laughter] what you might be interested to know, stuart, is it is just blocks away from the apple store. so here we have microsoft which, by the way, has had more than 100 stores around the country for a while now trying to do this flagship retail strategy, spending a lot of money because they're thinking if you come in
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and experience the xbox and their new surface book computer, maybe you'll either invest in their company or buy their products. but the real question is about the strategy. overall looking at the revenue of this company, it's all about the cloud. it's all about things you can't touch, things you don't go into a store to experience. stuart: but that store is all about hardware. >> it is about hardware. and microsoft is doubling down on hardware right now with this new laptop and providing more fitness bands, cool 3-d xbox features where you can fight aliens in your living room. stuart: it's a whole new strategy. >> and you're seeing this why? because the new ceo is exerting a new type of leadership, trying to streamline everything and create new product toss get you into their ecosystem much like you're in the apple ecosystem with your iphone. stuart: stock is up. >> having a pretty positive impact.
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stuart: hey, we love it. that's retirement territory. >> wow. hashtag retirement territory. stuart: you won't have stuart varney to kick around. new polls reveal americans continue to favor nonpoliticians, and the outsiders are just running away with this election. ♪ ♪
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stuart: heavy downpours continue to affect the southeastern u.s. this morning. texas and the gulf states took the brunt of the rain. the storm was a combination of one storm with rain and then the remnants of hurricane patricia coming in from mexico. some parts of texas have already seen more than 20 in67s of rain.
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-- inches of rain. the storm is going to weaken, but it's continuing up the east coast. it will bring rain to the northeast later this week. what a storm. several new polls out today show that non-politicians are still the clear favorites, in fact, they're running away with it. in iowa donald trump tied with carson at 27% apiece. that means six out of ten almost favor a non-politician. in polls in both new hampshire and south carolina, trump continues to hold his -- a very large lead, carson coming in second in both states. 38%, and look at this. this is south carolina, trump's got 40%. come on in, susan. you favor republicans. you lean to the right. >> yes, i am a republican. proud republican, yes. stuart: now, what do you say to these -- i mean, look, wait a second. you saw those polls. trump and carson together are running away with it. trump in new hampshire and south carolina, absolutely running away with it.
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are moderate republicans used to this yet? >> i think republicans want to know more. right now what they're selling, especially what donald trump is selling, that make america great again argument, is resonating. but here's the problem, time. i think as time goes by and people want to hear more, yes, you want to make america great, i'm all in. i'm voting for that. but how? and he has one or two lines that he keeps recycling. you know, donald trump said in august, mid august i wish the election was today. of course he does, because he was so popular then, and he is now. i'm not saying he can't get the nomination because to say he's number one in the polls wouldn't be right. stuart: would you agree with me that at this point -- and i know it's early -- but at this point looks like trump's going to be the nominee? it looks like it, doesn't it? >> yes, that's how it looks right now. stuart: but you think it'll fade. >> i think the numbers are going to change. again, more people want to
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hear -- the more they hear about his specifics, which he's lacking in, it's not going to fly with voters especially when you start looking in iowa, new hampshire, even south carolina where he's at 40%. there's a reason why ben carson's coming up in the polls, and i think that's because he's an attractive alternative to donald trump. he's not bombastic, he's not -- he's a nonpolitician. but again, once he starts getting vetted and people start asking questions, his specifics on that issue, these issues, especially foreign policy, yes, we want a strong leader, but it can't be a strong personality. he actually has to be a strong leader who can say what they're going to do to fight for this country. stuart: it was on that very issue that donald trump virtually knocked jeb bush not out of the race, i'm not going to say that, but knocked him way down in the polls as low-energy candidate, and it stuck. >> and he did it by sheer personality. he kept saying -- there was nothing that said that he -- stuart: why do you think over
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time that appeal of saying it, telling it how it is will fade? why? >> because what's the next sentence? you have got to give the voters more. stuart: he's got a great -- i think it's a great tax plan. >> all right. and what else? how is he going to get it all done? oh, i know how to work with people. they'll do it. i know how to make them do it just like he knows how to make mexico pay for a wall and deport 11 million people. it sounds really good -- stuart: can i sum it up like this, you're a moderate republican, and you a little -- you're a little worried. >> well, i'm -- stuart: you're worried? >> no. i'm okay. stuart: trump fades and somebody else comes up. >> yes. stuart: rubio? >> i think he probably right now is looking -- stuart: he's the one? >> probably. stuart: thanks very much for being with us. it's a big day, and we appreciate you being here. thank you. now this. according to new numbers from
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the social security administration, half of everybody who works makes $30,000 a year or less. jo ling, that's a shocker, isn't it? >> yes. here's the thing about overall social security and savings in this country right now, it is a crisis because so much of savings and cushions were actually wasted away, unfortunately, or spent during the financial crisis, and there has been little opportunity for a recovery in this. stuart: but wages are depressed. >> they are way down. >> that's part of the issue. >> labor participation we know the lowest since 1977, and 40% of americans make less than $20,000 a year. stuart: 40% of everyone, all the people who actually work, general public, 40% of those who work make $20,000 a year or less. >> right. $25,000 for a family of four is below the poverty line. stuart: that's right, it is. that's paycheck to paycheck. >> so forget the unemployment rate, this is the true
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stagnation of wages that just haven't kept up. stuart: that is an extraordinary story. all right, thank you one and all. the department of justice says not going to prosecute lois lerner. they have no problem going after the big banks under president obama, did they? more on this in just a moment. awe believe active management can protect capital long term. active management can tap global insights. active management can seek to outperform. that's the power of active management.
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stuart: well, we've got a couple of winners for you. we're going to start with pep boys. bridgestone buying it for $835 million in cash. bridgestone wants a greater presence in america. pep boys up 23%. and look at this, piedmont natural gas, duke energy buying it, $4.9 billion cash. piedmont up nearly 40%. lois lerner, she's being cleared of any -- all, actually, criminal wrongdoing in the irs scandal that claimed she unfairly targeted tea party conservatives. the justice department does not seem to have any issue, however, going after the big banks. what a contrast between lois lerner and the -- >> yeah, it's interesting. stuart: what did they do to the banks? >> fined them for violating sanctions. you look at what lois lerner did and the fact they couldn't find any charges at all against any irs official is quite amazing. but you look at the banks here, we've got a graphic that shows you the main banks, what they
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paid or what, those that have settled now with department of justice, and as you can see, these are all the major banks, bank of america, wells fargo, goldman stanley, jpmorgan, all of them paying nice fines that go straight into the government coffers. stuart: it was tens of billions of dollars. >> these are easy targets with regard to the obama administration. and the banks who don't want to have it hanging over their hates just go ahead and pay. [laughter] but then you have lois lerner who refuses to testify, by the way, pleads the fifth -- stuart: yeah. nothing happens. >> nothing happens. stuart: she keeps her pension and walks away. >> yep. stuart: thank you very much. nice work if you can get it. >> yeah, exactly. stuart: no one is above the law on amtrak, not even governor chris christie of new jersey. what did he do to get himself in such trouble? yes, we will have that story in a moment. but first, look at this. this is an amphibious motorcycle. could be on the road or the
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stuart: we are down 30 points on the dow industrials but no big deal. this follows a huge runup over the last three weeks. we do have all-time highs for
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two stocks, and you know 'em, starbucks and mcdonald's, 63, starbucks, 113 on mcdonald's. new highs. hillary clinton going after bernie sanders for his choice of language. sanders accused hillary of shouting about gun control. hillary replied, quote: i'm not shouting, it's just that when women take some people -- talk, some people think we're shouting. susanest ridge is with us. that sounds like hillary played the gender card. she played the identity politics card. you're nodding. she did, didn't she? >> of course she did. why not, you know? you look at this electorate, right? the demographics -- stuart: i'll tell you why. >> a lot of women out there. stuart: i'll tell you why. i agree that this election is all about winning and politicians want to win, but the issue surely for america is return to prosperity. return to economic growth. it's not identity politics, your race or your religion or your
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gender. it's growth. it's prosperity. that's what it's all about, isn't it? >> well, i think ultimately it is. and i don't think anybod saying that hillary is appealing to women saying, you know, vote for me because you're a woman and i'm a woman. i think it's a little more subtle than that. but there is an appeal to this idea of making history with the first woman president. and to be honest, a lot of women, i think, can relate. certainly, i used to have a line, i used to say any woman over 40 who's successful has been called difficult or something that rhymes with witch. i mean, we all can connect when hillary says, you know, when a woman talks, she's shouting. stuart: the last time identity politics, eight years and four years ago, we wanted to elect the first black president of the united states, and look what happened. we played identity politics, and we got what i think is a disappointing presidency, to say the least. if we engage in identity
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politics all over again, we don't necessarily end up with the best candidate or the best person to fix what ails us, do we? >> well, i think the downside of not recognizing some level of identity politics or some recognition of the importance of diversity is that you end up in a situation where the old boys' network works and women and others are excluded. i think the democratic party is not in that position -- stuart: produces a real growth rate for america and prosperity for america, i really don't see much wrong with that. i've got to move on, but one last one. >> sure. stuart: she didn't need to do this. she has no competitioning in this campaign at all. joe biden is not running, and bernie sanders is never going to be the president of the united states, so why did she have to do that? >> well, i'm glad to hear you say bernie sanders is never going to be the president of the united states, because i say that every day, and a lot of my friends on the left get mad at me.
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she's reminding people that bernie sanders is not the liberal that he, you know, they think he is, that he's pro or not as pro-guns as she is, and it scores political points for her. she is the nominee, she will be the nominee, but she doesn't want to be one-upped as it were in iowa and new hampshire. she doesn't want a send-a-message campaign to harm her chances. she's in a commanding position right now, and she's cementing it. stuart: susan, i have to ask you, it's a long time since we saw you on this program, and i'm sorry about your absence but glad you came back. could you ever see yourself voting for a republican? >> the first campaign i ever did when i was a wee little girl was for a republican in massachusetts by the name of ed brook. he had been a friend of my fathers in law school, and at the time i didn't realize how much guts it took to be a republican in boston in the '50s.
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so i started out with a republican. dick rear riordan, who is an old and good friend of mine, i would vote for him if he ran for governor successfully. so i can on occasion. i like to say, you know, you look at the person. most of the time i look at the person, i hook at their policies -- i look at their policies, and i just end up with the democrat. stuart: we have noticed that, susan. >> but an honest one. [laughter] stuart: welcome back to the show. it's good to see you again. >> great to see you. stuart: sure thing. i've got this on governor chris christie, new jersey, he was on the 9:55 a.m. amtrak train from d.c. to new york yesterday, and then he was kicked out of the quiet car for speaking too loudly on his phone. apparently, there was a mix-up about where he was supposed to sit on the train. governor christie's staffers have apologized, but jo ling kent is incensed by this. >> oh, i just love the quiet
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car, and the fact that he ended up there talking on his phone, he broke the one rule that there is in that car which is no telephone conversations. so, but it sounds like they got it sorted out. i was more interested to see what he was having for breakfast which was a mcdonald's strawberry smoothie. stuart: he was set up for this. >> that seems like an honest mistake. >> you would have heard him in the quiet car, let's put it that way. he's got a booming voice. stuart: i think you find yourself in the quiet car, you are running for the presidency of the united states of america. cut the guy some slack. let him use his phone, for heavens sakes. all those people that want it to be real quiet, i accept that, all good for them, but how many other times are they ever going to have their silence interrupted by a presidential candidate? >> well, the flip side of that, stuart, is we're all talking about chris christie who is very low in the polls, and he's trying to make a comeback in new hampshire, so i'm sure the amtrak is helping him out here.
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stuart: you think it's helping him out? >> apparently, his reaction was are you freaking serious? this is freaking ridiculous, seriously? and then left. >> chris christie. stuart: that was a direct quote from the governor? that wasn't just you saying -- >> no, it was a passenger quoting it. i'll give him the benefit of the doubt. we don't know unless -- it's the kind of thing you could see mr. christie saying, let's put it that way. stuart: you introduced a word which we've not had on the show before and was not buzzed. >> it's a placeholder for something else. stuart you say qe3 -- >> there you go. [laughter] stuart: you've got to check out in this. this company is calls gibbs technology. wait for it. can you believe this? they make amphibious motorcycles. there it is. >> hilarious. stuart: they could be on the road or the ocean or the pond, wherever you happen to be, within the next year. editor automotive news -- no, you're the car guy.
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look at that. it's cool. so it just comes right off land -- >> it's super cool, right? stuart: when you're riding around on land, do you have to take those wings off? >> no, you can lean into turns just like a regular motorcycle. this company's been making amphibious quads for a couple years now, but they realized you can't make these street legal because it's so hard to make a four-wheeled vehicle street legal, so they've come up with a two-wheeled version as well as a three-wheeled version called the triski, and the idea is they could potentially be street legal. stuart: i think it's a great idea if you're a jet ski kind of person -- >> and a lot of people own a motorcycle and a jet ski, or if you just own a jet ski, you've got to own a pickup truck to tow it to the water. stuart: how much? >> pricing hasn't been announced. they sell the four-wheel version for $40,000. but it's a small company, they don't want this tout this -- put this into production themselves,
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they're looking for a company to mass produce it. i would think two wheels would be half price at least, but honestly, no be, they could probably sell it forless than that if they did it on a large scale. stuart: do you think it sells big? >> oh, this would be fantastic. stuart: look, you like it. >> motorcycles are big right now, jet skis are big right now. there's no reason peoplen't are going to buy this -- aren't going to buy this. there is some applications as far as search and rescue. police departments, they like these sorts of screenings as well. stuart: that was not you. >> it's a prototype. that's probably the only one that exists right now. stuart: would you feel comfortable streaming into a pond with an alligator in it? >> their test facility is down in florida. [laughter] if that was parked out front, i would get on dressed like this and drive into the east river. >> the east river's even scare consumer than an alligator. of. [laughter] stuart: that is true. all right, gary, come back when you've been on one in the east river.
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now this, the world health organization says eating bacon is as dangerous for your health as smoking cigarettes? did they really say that? i don't know about that, but we're going to discuss bacon with dr. marc siegel next. ♪ ♪
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♪ ♪
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>> i'm nicole petallides with your fox business brief. after four weeks of gains, a little bit of action to the downside. the dow right now down about 30, the nasdaq with a gain right now of a fractional move. we are seeing some strength in health care stocks and consumer discretionary, but we are seeing weight on stocks such as energy, utilities, financials all coming under pressure today. we are seeing mobile shopping the landscape, take a look at facebook, moving to new highs today, right now 102.92 but did cross 103.56. take a look at whole foods markets, stock is down 4.3%. we want you to start your day every day at five a.m. on fbn, all the breaking news you need to get your day started just right. ♪ ♪
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towrt stuart let's see if we can get to grips with this. tivo, you know who that is, obviously, they're going to tell everybody -- they're going to make it public -- who is watching what. it's like rereesing the tv ratings -- releasing the tv ratings free-for-all, for everybody. jo ling kent, have i got that right? >> yes. they want to release more information because they also want to be able to compete with a new merger of another couple of companies in the same field. the other idea here is they're trying to campaign and say, look, tv ratings overall are sinking.
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we need to start rating what people are watching on their tablets and their phones. stuart: exactly. >> at work and at home and everywhere around us because there are now screens everywhere. stuart: and tivo will be able to measure that? >> they want to be able to measure that, so they see this as one step in that direction. that's what the ceo of tivo is saying. stuart: actually, that would be a real breakthrough. >> it would be. nielsen trying to do more of that as well as twitter, but it's hard to measure because there isn't one way to do it unless you're doing it mostly through the cell phone provider which is probably the most complicated way of doing it. stuart: well, tivo's on to something. that would be very valuable -- >> the argument is there, the action is not there yet. stuart: thank you, jo. young, healthy people, they are not signing up for obamacare in anything like the numbers they were supposed to. what does that mean? young healthy people not in on the plan, surely that means your premium is going to go up somewhere down the road. is that not right, dr. marc siegel?
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have i got it right? >> you've got it right. let me give you the numbers on this. about nine million are signed up now for obamacare which is an individual-based insurance where you go to the exchanges. 19 million more are eligible. young people, healthy people, they were supposed to sign up. you know what's happened? about half of them are staying without any insurance and saying i'll pay the penalty. the other half are going for a private insurance outside of obamacare. you know why? you said it already, the premiums are too high. why are the premiums too high? because obamacare is an antiquated idea, and it doesn't take into account modern technology, the expense of health care. it is linked in to sickness as its basis. it's completely out of date, and people don't want to pay these very high premiums, then they get hit with a high deductible. they've got narrow networks of doctors, and it doesn't help them. and the word is out. stuart: you're right. you've said it all. that's exactly the situation. now, if you don't have these
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millions of young, healthy people in the insurance policy policy -- insurance pool, then insurance premiums are going to go up in the future because you've got a pool of just sick people, that's what you've got. >> because older people like you and me have more health problems. people have diabetes, they eat too much, they end up with heart disease, and insurance has to cover them. the payout, as you just said, is much greater. insurance companies have to raise premiums. stuart: older sicker is not good, you want younger, healthy people in the pool to keep insurance premiums down, but they're not in the pool, so insurance premiums go up. >> because they're too smart to go into the pool. stuart: and this is for next year. >> absolutely, it is hemorrhaging, obamacare. it is a problem. they can't get what they wanted. they had to rope in the young people, because young people want catastrophic insurance. stuart: exactly. i still want that at my age. bacon, the world health organization says you eat bacon
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regularly, that's as bad as smoking. i say that's utter nonsense. >> first of all, you have salmon and toast every morning. stuart: i do. >> there is a woman who's 116 that eats bacon every day. >> this is true. >> and a pint of guinness. [laughter] >> and a pint of guinness? >> yes. >> this was 2 sign -- 22 scientists who looked at 800 studies, and they found that processed meats, salting, curing, smoking meats leads directly to colon cancer. and i think it's a good warning. stuart: wait a second. >> the more you eat, the more the risk. stuart: wait a minute. put this in context what i heard was that two strips of bacon a day gives you an 18% greater chance of getting bowel cancer. >> true. and if you have four strips -- >> that's a long way worse than smoking, isn't it? >> if it's four strips, it goes up to 36%.
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now, smoking is horrible. i'm not going to go on this program and compare smoking -- stuart: no, you shouldn't. >> but i think people need to know processed meats especially has a risk. smoking is the worst. stuart: one last question, and it's 20 seconds, and you have to answer it. >> yes, boss. stuart: what is the correct name for a strip of bacon? quiet, please. what is it? >> the correct english name for a strip of bacon. do you not know? >> it's a trick question. stuart: it's not a trick question. [laughter] no, it's not. tell 'em, ash. >> it's a rasher. >> i thought a rasher was a thicker piece of bacon. no. apparently not. >> in my last five seconds i want to tell you get bacon that isn't processed. you can go right to the pig and get your bacon. you don't have to have processed meat. stuart: which means you'll be okay for bowel cancer. >> less. stuart: a rasher straight from the pig -- >> less of a risk.
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stuart: this is why our ratings are so strong. >> exactly. >> those of you out there with farms, absolutely. >> we all want to know, how do you still eat your bacon? stuart: now this. >> the word of the day. [laughter] stuart: trey gowdy says hillary clinton lied under oath during the benghazi hearing. what did she lie about? will she be held accountable? judge napolitant. ♪ ♪ it's more than the cloud. it's security - and flexibility. it's where great ideas and vital data are stored. with centurylink you get advanced technology solutions from a trusted it partner. including cloud and hosting services - all backed by an industry leading broadband network and people committed to helping you grow your business. you get a company that's more than just the sum of it's parts. centurylink. your link to what's next.
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woman snoring take the roar out of snore. yet another innovation only at a sleep number store. ♪ ♪ stuart: congressman trey gowdy, chair of the benghazi committee, alleged that hillary clinton lied under oath. judge andrew napolitano is here because i want you to tell us what did she lie about? >> i think that senator -- or congressman gowdy was speaking about her deception p with respect to the emails and how the convenient ab sense of -- absence of e-mails, destruction of e-mails in the few weeks preceding and the two months following benghazi allowed her to say she didn't know, she didn't know, she didn't know when he believes she knew. however, i can tell you of a direct and articulated lie towards the very end of the evening. it's about 8:45, ten minutes of
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nine on thursday evening. congressman mike pomp owe of kansas asked mrs. clinton if she was aware of the distribution of guns, of military hardware to rebel groups, and she said no. not only was she aware of it, she orchestrated and signed off on it. it was actually part of her strategy. i don't think she intended they would get in the hands of known al-qaeda operatives, but they did. these were people that murdered ambassador stevens. but she certainly knew of this. it was an unmitigated disaster for her, and it's one of the things she tried to cover up by the destruction of the e-mails. stuart: so what does chairman trey gowdy do now? >> pass it on to the fbi, but i don't think he has to do so, because i suspect they already know about it. stuart: so the fbi could still say, hey, you're in trouble here. we can still -- they can still indict her. >> oh, absolutely. well, the fbi doesn't indict, the justice department does. the fbi recommends and amasses
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the evidence. but she had three audiences, and i think she forgot about one of them. she had the committee that was interrogating her right in front of her, she had the american public which she hopes will elect her president. she had about 25 or 30 fbi agents and federal prosecutors who weren't there who were listening to every word she said to see if she provided them with any additional ammunition in the investigation that they are conducting, and she did. stuart: so that's going on in the background. she's testifying, everybody's watching on tv and so is the fbi taking down every word, every nuance -- >> yes. and they're looking not only for lies, and i've suggested two, they're also looking for deception because misleading congress has the same penalty as lying to congress. and the fbi is very interested when one of its targets shows a natural proclivity to deceive. stuart: it's a very different thing from perceiving that deception and charging her with
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it. >> persuading the white house to let them charge her with it. stuart: thank you. >> which they did not succeed in doing with mrs. lerner. stuart: you've got it. and a strip of bacon is called -- >> a rasher? stuart: correct. >> only because i heard you use a word i've never heard used before in that context. [laughter] stuart: more varney after this. . active management can seek to outperform. that's the power of active management. you can't breathed. through your nose. suddenly, you're a mouthbreather. well, just put on a breathe right strip which instantly opens your nose up to 38% more than cold medicine alone. shut your mouth and say goodnight mouthbreathers. breathe right we heard you got a job as a developer!!!!! its official, i work for ge!! what? wow... yeah! okay...
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loss bearing in mind that for the last three weeks we've gone virtually straight up. 17,6 is where we are. the all-time high, closing high for the dow, is approximately 18,3. on that note, neil cavuto, it's yours. neil: stuart, thank you very much. vatican cardinals have gone ahead and okay'd an initiative led by no less than pope francis to go after those who pollute the air and specifically urging the united nations to act aggressively on climate change. the cardinals saying move in a fair, legally-binding and truly transformational agreement that will make a difference for our environment and god's planet. now, we had coal industry ceo robert murray here last week who said forget about whatever cardinals are doing, this push on the part of the administration here in the united states and the environmental protection agency, it's been nothing but dragging


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