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tv   Varney Company  FOX Business  March 11, 2024 10:00am-11:00am EDT

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stuart: put on the screen i don't know the song if i turned back time. is that a reference to the president's age or my age i'm not sure which that the beautiful looking white house, sunshine and wendy, 10:00 o'clock eastern, let's get to the money we are down on wall street down 100 points of the dow, down 86 on the nasdaq red ink on the monday morning the ten year treasury has gone back up its 4.08% earlier it was 403. the price of oil retreating from $80 a barrel down to 77 and bitcoin, $71600 as we speak, and had been 72000 acre market, now this. the president has changed his tune and now calls for a cease-fire in gaza, why the
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change, domestic politics there is a sizable chunk of the democrat party which opposes support for israel and promotes the interest of hamas, cease-fire is very much to hamas advantage, cease-fire stopped israel from finishing the job of eradicating the people who butchered 1200 israelis. in the democrat primary uncommitted writings captured enough votes to get the white house very worried the uncommitted want to cease-fire and biden seen the writing on the wall obliges, biden cannot win if he muses the lot under muslim and arab-american boat domestic political pressure has turned to him today he said enough on a campaign to her by calling for cease-fire he hopes to blunt the opposition that he meets on the road propelled up
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under palestinian protesters have appeared everywhere block streets and delay the oscars, some of the stars were read cease-fire badges this is a hamas wind holding hostages is a disgusting but successful tactic which they have used extend the conflict, they don't care about the people that they keep in the tunnels where the palestinian people suffering, don't be surprised if biden ends up having american taxpayers pay for the rebuilding of gaza don't be surprised the palestinians joined the flooding come to america seeking asylum he's a ready ruptured relations with our closest ally a politician has to weigh conflicting demands, joe biden is indeed a politician and has resolve conflicting demands by caving to domestic politics that is politics but not leadership and it's not moral clarity. the second half of our nature getting started ♪ ♪. stuart: governor mike huckabee joins us this morning, will biden call for cease-fire get support from democrats? can he unify the party by going
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for hamas? >> he can until he changes his mind again he's like a seesaw back-and-forth, what you said is exactly h-uppercase-letter what's going on with joe biden policy in the middle east, he's trying to placate hamas, he may not realize that's what he's doing but by demanding more from a cease-fire your rewarding hamas for the slaughter the vicious slaughter of innocent civilians in israel and it was not just a murder it was a butchery and anyone who looks at that and says we out and negotiate with them, there's the holding hostages 130 plus including american citizens. i want to hear joe biden get on the stump and demand that every american citizen get released and every other hostage gets released. in the meantime rather than
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putting pressure on israel he should put pressure on every muslim state and say i'm going to encourage israel to build as many homes in judea and samaria as possible. i'm going to urge them to continue to do whatever they have to do to rid themselves of hamas and hezbollah, the iranian backed proxies in what we will do to say to the other arab nations if you want a palestinian state, create one let it be a land of egypt, saudi, qatar and varieties, muslim control nations hold 644 times the amount of land that tiny little israel has for itself. it there is a real desire for a two state solution, find, create one but not in israel israel has a right for a homeland of security and safety and thanks to hamas they cannot even have that. stuart: i'm going to change the subject. the new report shows a genuine six committee suppressed
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testimony that should trump punished for national guard trip present he did offer 10000 national guard troops to secure the capital which the offer was turned down. governor, what do you make of all of this. >> it shows what a sham the whole committee wasn't liz cheney and adam ken's a, the two so-called republicans who became nancy pelosi's pets and all of this after nancy pelosi refused to allow the republican appointees to even serve on the committee, the whole thing was a show they even hired a television producer to make it a show and anyone who believes there is any credibility to it has not looked at the foundation of it are the findings and what they did they carefully edited what would make them look like they had a case against trump and refused to allow any evidence to the contrary even though evidence existed this is another example, the whole thing is disgraceful and absolutely auto be another reason that people say we have got to support donald trump because this kind of stuff should not be
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rewarded, right now it's been rewarded and liz cheney should be rewarded with being put into a place of total obscurity for her absolute depletions comments and her actions in all of this. stuart: you're telling how you see it, we appreciate that. thank you for joining us, we will see you soon. a republican led effort to stop noncitizens from being counted on the senses was shot down in the senate. this is very important stuff. lauren: if you count noncitizens, illegals, certain districts then get greater representation in house of representatives that affects the electoral college count, that affects elections and in the end the senate voted down the summit all democrats and senators lisa murkowski speak and they do not want the senses, are you citizens because they want to factor illegals into elections. that is outrageous, that would change congressional districts
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and blue states could gain a lot of representation in congress because that's where they all are. >> this is in 2024 issue. thank you, let's get back to the market, ray wang joins us at the south by southwest conference in austin, texas what is a big new thing coming out of southwest. >> tissue three big things are happening, one of course a.i., computer interfaces, how do you actually deal with this information and misinformation in space, robotics those are hot areas and a lot of military tech the u.s. army has been sponsoring south by and what we see cyber talent that's been recruited in computer vision in drones and robotic technology and the last piece picking up his healthcare, anything from psychedelics to what is happening on the healthcare front with computer imaging and vision and of course food and crisper editing technology that impacted food and how your
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health come together. stuart: nvidia down five and half percent and down again another 1.8% 7% drop when if ever will we get a significant rebound. >> i think the rebound is coming but we have to look nvidia the same way we looked at ge as a proxy for industrials back in the day people say you by ge as a portfolio stock, nvidia is the same thing if you look at the investments in software and acquisition of malcolm and other types of acquisitions and investments, there's proxy for the a.i. stocks. if you have one stock to buy it'll be nvidia and you will see a lot of the growth. right now markets are reacting in there trying to figure out where interest rates in ppi tomorrow there trying to figure out where the reset is but the long-term is basically the ge of the '90s and 2000. stuart: give us an a.i. stock that you are watching and you think might go up from where it is now.
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>> i still love tsmc and might be the other seven in the magnificent seven if we lose tesla in the seven but i think the reason that is important because the fabs are there and the chips are important another $4 billion coming in from the u.s. in terms of investment in the chips area and we see everybody is looking for additional chip capacity in the technology that tsmc has from 5 millimeters to 3 millimeters and the ability to build and tpu chips in the future those are what people are looking at there is a lot of capacity at tsmc that will be created and built because the world is going to need more chips for a.i. stuart: we heard whatever ally suggested that in june we hear from apple about how they applied a.i. i don't know the timetable but it sounds like that might be promising, what do you think. >> if that happens that what happened at the worldwide developer conference in the two weeks of june and part of that we always talk about apple, a.i. is in the background it's in the
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chips you take a picture and get computational photography, the background gets cleaner, the lighting improves, it's always been in the back and these ambien experiences where you take a.i. and then expects action and they surface up and is on your face a.i. it's little things that make your life better, they're also working on a thing called ferret and it allows you to multi-mobile a.i. and that is something that they open source which is usual for apple but they put it out to the marketplace to show you what they're able to do an a.i. especially for developers. stuart: apple at the moment is 173 is at a bargain price? >> yes. even though iphone sales are down i think what we will be looking at our numbers on thursday and that's good to be an indication of where it is but i think apple has a long-term holding. stuart: ray wang, thank you enjoy south by southwest we will see you again. elon musk artificial intelligence startup x a.i. will open source the grok chabad.
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lauren: this is happening this week the a.i. startup will make the code public, anyone with the next account at twitter account can use it, that means the public can experiment with innovation and contrast, openai is closed, that, musk is suing openai for breaching contact for becoming a for-profit entity. here is the deal, first event and first mover goes to openai but the chat bot can access real-time information on x they can answer the hot button question that a lot of the a.i. systems don't have access to or don't want to touch because they don't want to get a wrong like google did with the female pope but everything else, elon musk is a look, our chat bot will be public this week, next case you looking at moves show me about
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tesla. show me some gain, german giga factory could get power again today adjournment energy networks spd weekend assembly meant there is a challenge lights can come back. stuart: hyatt i believe it's down. lauren: they got a cut at morgan stanley to say that they're committing to running the stock is down tunic were present, airbnb and a brother bending the use of indoor security cameras on all of their properties. i'm not surprised. stuart: this is such a tricky one i don't want someone spying on me and stayed at a airbnb but a file not you bet i want to see what people are doing to my h home. stuart: they gotta get rid of them. coming up many democrats and president biden state of the union proved he's up to the job, why did he tell voters in pennsylvania to send him to
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congress? we will show you the gas filled speech he just delivered. the president is walking back his remarks on laken riley's alleged killer. roll tape. >> you use the word illegal when talking about the man who allegedly killed. >> undocumented, undocumented person. i shouldn't abuse illegal, undocumented. stuart: johnson says biden should apologize to riley's family, joe concha deals with that and joe is next. ♪ in a rocky mountain setting spanning over 280,000 acres. three forks ranch is the destination for luxury and adventure. enjoy fly fishing and america's finest trout stream. kick back for intimate performances from the best in country music.
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stuart: president biden fumbled laken riley's name during the state of the union while calling her alleged killer and illegal. peter doocy is at the white house to be backtracked on the term illegal but has he said anything to laken riley's family about getting her name wrong. >> not yet. over the weekend between half hour drive from athens georgia where laken riley was murdered her family greeted donald trump before he hosted a rally we have a photo of the meeting behind the scenes. if human is after that trump took to the microphone and he let it rip about president biden's deference to the man accused of their daughter's violent murder. >> they told me prior to what i'm doing right now the joe biden went on television and apologized for calling laken's
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murder and illegal. he was an illegal alien, he was an illegal immigrant. in illegal migrant and they should not abandon our country and he never would've been under the truck policy. >> president biden defended his decision to call josé ibarra laken riley's accused murderer insane technically he's not supposed to be here, something changed and the president is explaining why he's filled with so much regret calling anybody in accused murderer and in illegal. >> are not going to treat any of these people with disrespect they built the country the reason our economy is growing where to control the border. >> you regret using outward. >> @. >> biden campaign was hoping for a reset after the state of the union focused on infrastructure jobs and making sure jokes about
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president biden's age but biden's age border policy in the 62nd long at least not yet. house speaker johnson responded to the flip-flop, he said the president is cowering to his base and showing different to a man who deserves none, biden should be apologizing to laken's family what an embarrassment. joe concha with me this morning, what you make of his flip-flop. >> i'm going to read back that quote. i'm not going to treat anyone with disrespect all be happy to treat the killer of laken riley with disrespect he should go to the chair and that should be the end he brutally murdered this girl who was out for a run university of georgia and athens in this president is so scared of his unhinged far left base that he is apologizing for calling him the wrong term, this
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is the split screen election that were watching the way the producers put that together is perfect as far as donald trump's due on the whole thing if you come here illegally and commit a crime you will be deported, that is one choice and a lot of americans would agree with that let's not treat any killers of people who are here illegally like laken riley with disrespect because we don't want to be disrespectful. this is beyond pathetic and if i'm the term campaign i make this so-called interview the joe biden did and that your campaign had that your election right there that is your choice right there. stuart: price is material for the republicans. anti-israel protesters blocked the road leading to the hospital's forcing organizers life by five minutes. the president has changed his tune on this and now he's openly calling for cease-fire in gaza, why the change. the 2000 election he said all comes down to florida, the
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selection comes down to michigan, michigan, he cannot afford to lose the muslim base that he has there in places like dearborn where they voted 100,000 people for uncommitted instead of joe biden who is running out oppose if he loses michigan he loses the election and that's why suddenly he's doing the 180. stuart: domestic politics changed how foreign policy with our major ally. >> instead of four principles and believing in something i believe joe biden was pro-israel and now he shows that he has the backbone of a jellyfish. stuart: the president had more embarrassing gaffes over the weekend a couple of days after the mainstream media hype to state of the union performance. >> pennsylvania i have a message for you, send me to congress, the u.s. capital, the same building where our freedoms came under assault july the sixth, we
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cut the deficit and we added more to the national debt than any president in his term of all of history. >> i spent $200 with the leaders of the heads of state and everyone says virtually grabbed my arm and pulled me aside, i'm serious they pulled me aside and say you got it you can't win again. stuart: this is happening on a daily, i can barely understand it, daily basis. >> hourly basis at this point, he also said an msnbc interview, illegal immigrants built this country. and pretty sure they did not that's another campaign add that we just showed, the media after the state of the union thought this was the greatest date of the unit that they ever saw, then you see the cnn poll that this was the worst received state of the union address and 25 years according to their polling. stuart: a cnn poll.
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>> this shows you how so many journalists are outside of the mainstream thought process as far as regular folks in ohio, michigan, pennsylvania, nevada, arizona, georgia. what joe biden proved during the state of the union that he could read a teleprompter and read it loudly but you take them outside of the scripted remarks and you see what we saw and what we just heard and this is why his handlers are going to let them go near the debate stage versus donald trump and we use the excuse the presence above donald trump therefore he should not normalize him in the media will cheer that right along. >> it's tough to walk away from any and all debates. but he will do it i think you're right. thank you joe. >> great to see you in person i love orange is my favorite color. we appreciate it. next case, comedian dana carvey pulled out present biden flip-flop on the border what did
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he say. >> this is quite funny he imitates yet and mocks the flip-flopping but also the fumbling. >> first of all this get our facts straight there is no crisis of the border, come on and he goes how do you know sir and it says so on the piece of paper, come on. i'll close the border harder than anyone's ever close the border because i know how to close the border come on, last time get your facts straight i'll beat the hell out of you, come on let's do some push-ups, i'll close the border like nobody's ever closed it in the border patrol and the board which will can't believe it's not butter. lauren: a new slogan i can't believe it's not butter, if you can understand what he was saying to the fumbling, the dog faced pony shoulder, no crisis on the person that stopped the crisis, that the comedians take on it. stuart: a nice take, still ahead, president biden called
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benjamin netanyahu to lead a ground invasion into rossa a redline, benjamin netanyahu responded to his remarks and we will have that shortly. ramadan begins today with these talks remain at a standstill, trey yingst on the ground with the latest report, he's next. ♪
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stuart: on the market after one hour of business we have read inc., the dow is down 200 and the red ink 65 points, a big drop with meta put on the screen, down 4% nearly 5%, what is going on. lauren: 5.5% down that the biggest it decreased since december 22 trampoline tv interview said he considers facebook which meta owns to be the enemy of the people and part of a larger conversation about selling or banning tiktok, those in the comments but you can't ignore a 5% decline in the. stuart: you think it was trump's, that facebook is taking down 5%. lauren: i think the big tech are
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selling off today and trump is adding to it. stuart: we have a winner and jeffrey says buy that. lauren: up and goes 3.6%, temu, very popular there expected to generate $37 billion in growth merchandise value this year in chinese equities of today there cpi rose for the first time in six months that's a good sign for their economy. stuart: they want inflation, ramadan begins today, cease-fire between israel and a moss remain at a standstill, trey yingst in tel aviv what is the latest from their. >> good morning this comes as growing tension between president biden and israeli prime minister benjamin netanyahu over what the next step should be inside of god as the war rages on 157 days inn we understand there are continued
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humanitarian concerns for the palestinian people and not specific issue causing a riff with biden saying in an interview that benjamin netanyahu is hurting israel more than helping this morning on "fox & friends" benjamin netanyahu responded to biden's comments saying this. >> we have our agreements on the basic goals but we have disagreements on how to achieve them ultimately as israel has to decide i'm there because our people were murdered are women were raped and beheaded. i'm telling you were not getting off the gas i'm telling you we have to take care of israel security in our future spivak israeli troops are conducting raids in areas of the strip supported by the air force in the artillery along the border reports indicate the number three and hamas was targeted this weekend and a strike in central gaza it's unclear if he was killed further south hollis didion gathered supplies over the weekend for ramadan the
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first day of fasting is today the region looking forward to this friday traditionally fridays during ramadan have been a flashpoint for the middle east. stuart: thank you very much indeed, kt mcfarland joins us why has biden flip-flopped on the issue of the cease-fire, why has biden suddenly saying he wanted cease-fire what is behind the move. >> for all points you just made at the top of our it's all about american domestic politics. he is worried he is going to lose michigan and michigan in the swing vote will be arab-american voters that will be anti-palestine and israeli, pro-palestinian but very anti-israeli and anti-somatic it's all about that in the flip-flop israel could beheaded on a collision course of the united states because once you start drawling redlines which president biden did what happens if israel does attack rough are we going to sever relations with israel hi israel and stop
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intelligence or are we going to weasel out of it in which case he has a political problem. the redlines are always a mistake and that puts us on a very bad position with israel because israel and the prime minister made it really clear a few hours ago on "fox & friends" they are going to stop and kill hamas and stop it however, they have and that means they have to go into rafah b when extraordinary domestic politics around one state, around one state, michigan it's changed american foreign policy and soured our relationship for the principal ally in the mideast. i cannot believe domestic politics is so important to a president of the united states. >> you are an optimist you are a patriot, me too but guess what politics does not attract the good in the gray it attracts the venal in the vein and that's what you see playing on politics
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right now today. stuart: appalling. iran stockpile of weapons continues to grow when will iran play the nuclear card and declare that we have a bomb and if they don't do that why don't they do it? the question is been the last couple of years why don't they play it part of it has been two or three years ago israel was good at sabotaging the iranian scientist, the century fuse, et cetera. but now everybody agrees that iran can have one nuclear weapon within a week and seven nuclear weapons within a month, why not play the card, i think iran is waiting they can play that any time that they want, let's say president obama, president biden for example continues to support israel and maybe they play the card then or maybe if israel has victories over hamas and maybe hezbollah may be iran placed the card then they can play any time that they want however, what it
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could doing what they want to do is what they've always wanted to do for 40 years they have two goals in their domestic and foreign policy number one get the united states out of the middle east and never to destroy israel, their tactics have changed over the last 40 years but not the goal if they think declaring a nuclear power helps their going to do it and play the card when they want but they have to calculate if we play the card then what happens, does the united states extend a nuclear guarantee over israel then you have a bigger problem. stuart: are you confident that israel or the united states with the two powers together could knock out and iranian nuclear situation a nuclear bomb? , you mean take out the sides, destroy the program, yeah i am but that is a war. stuart: that is a what. >> that's a war that's iran u.s. iran israel war.
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stuart: let's hope it does not come to that. fascinating stuff and dangerous stuff. thank you for being with us we appreciate it, we will see you soon. pope francis getting criticism about the war in ukraine, what did he say. lauren: he was interviewed by a swiss station and he said ukraine should have the courage to raise the white flag and negotiate. that's been interpreted as a call for ukraine to surrender to russia to in the war not sitting well with poland or ukraine in ukraine's foreign minister says the country will never raise any flag other than their own blue and yellow never white. stuart: thank you. a mid air scare on a boeing playing, 50 people her on a flight from sydney australia to new zealand after the plane suffered a technical problem we have the story, donald trump could clinch the republican nomination this week but before then he is turning his focus to the top issue and that is
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immigration he just met with blake and riley's family. bill melugin has a story from west palm beach, florida. he is next. ♪ (♪) is bad debt holding you back? ♪ the only limit is the sky ♪ ♪ it's our time ♪ ♪ you don't want to miss it (just a little bit louder) ♪
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stuart: the dow is down 200 points and that would be half a percentage point, we have the nasdaq down a quarter percent, s&p is down .4%, red ink, donald trump looking to secure the delegates required to confirm
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the nomination officially that is. bill melugin and west palm beach, florida, could this happen this week. good morning it absolutely could another round of voting happening tomorrow we will wait to see what happens, in the meantime donald trump is clashing with president biden over the murder of laken riley and her mom is chiming in on all of this she called president biden pathetic for botching her daughter's name during the state of the union address and donald trump is promising her family justice. take a listen. >> laken riley would be alive today if joe biden had not willfully and maliciously eviscerated the borders of the united states and set lose thousands and thousands of dangerous criminals into our country. to her family tonight i promise you i will demand justice for laken riley. as for president biden he was on the campaign trail in atlanta over the weekend with georgia
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senator raphael warnock, senator warnock says donald trump and republicans are trying to use laken riley's desk for political purposes and are not serious about solving the immigration problem. take a listen. >> the fact that there are those that walked away from the bipartisan legislation or at least a chance to debate it and now they're trying to score political points and a wake of a young woman's death that is craving politics at its worst it's what turns people away from politics. in the meantime neither former president trump or current president joe biden have any serious challenges left in their presidential races both of them cannot enough delegates tomorrow to clinch their parties respective nominations. backout hereby although we are waiting for the delegations were
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the delegates technically in the nominations to be clinched, what is clear at this point the general election is officially underway and immigration is going to be a key clashing point come this november. we will send it back to you. bill melugin, trump's list of potential vice presidential picks continues to grow, show me all the names, let's pull them up. in january the former president said he knew who his vp pick was the short list is getting a lot longer, i guess we have to find out soon, 12, five, 12 now you want to pull in suburban women and pick congresswoman stephan eric or katie britt or nikki haley. his campaign advisor says he's a ways from deciding but the vp pick is very consequential. it could be at the top of the ticket for 2028. yup senator tim scott, byron donalds is on their, making any
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guesses today? >> i think my two candidates will be byron donalds and sarah huckabee sanders those are be the two people that i think he might go for but i don't think he cares to have a woman or minority. i think he just want somebody who's good to present his case really well. stu.lauren: if the border is the number one issue wouldn't that mean greg abbott i don't know how he's thank you but according to jason miller he has quite a ways from deciding this is a consequential pick. stuart: i don't know what he's going to say, this is my pick when is he going to say that unless everybody contest for a while and keep everybody guessing. the royals released the first photo of kate middleton since she underwent abdominal surgery two months ago the photo because the controversy and princess catherine is apologizing, we have the latest from buckingham palace, a second case of measles has been confirmed in an overcrowded migrant shelter in chicago concerning the
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unvaccinated children are entering the country and our schools. doctor siegel is all not. the doctor is next.
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stuart: as second case of measles has been confirmed in a migrant shelter in chicago making it the third case since last thursday the cdc has confirmed 45 cases in 17 states so far this year 2024 to outpace last year when the total was 58. doctor siegel joined us, are you worried about a measles outbreak of unvaccinated migrant children? >> i am and i spoke to the cdc
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director mandy cohen about this on friday and the problem is there is 9 million cases of measles in the world last year in the united states holds against it because the vaccination here over 93% of our kids are still vaccinated. it's a powerful effective vaccine of measles being the most contagious respiratory virus on the planet but among migrants even if you come from a country which has a fairly high vaccine rate in central america is somewhere between 85 and 90% which is not enough. when you're running to get here and you have infant children and trying to get across the border you are not going to stop to get a measles vaccine so then you end up in a homeless shelter with 1800 people in chicago and of course it's going to spread among those unvaccinated. there holding them there for 21 days and trying to vaccinate 15% that they know that i'm not had
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the vaccine and this is only the tip of the iceberg we will see this a lot of homeless shelters unfortunately because of migrants, absolutely. stuart: what a terrible thing, kate middleton has broken her silence weeks after her abdominal surgery she posted a photo on social media and responded to claims that the photo was manipulated, this is what she said this morning like many amateur photo photographers i do an experiment with added heating and i want to express my apologies for any confusion the family photograph that we shared yesterday because she was out for a few weeks do we know what was wrong with her? >> no, you are much used to this culture from the uk than i am among the royals, king charles never really said what he had the small bladder cancer by the way the details came out i had to play sherlock holmes and kate middleton, after her children
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were born she proudly presented herself outside of the hospital looking fit the day after so weeks of secrecy about annette domino surgery and we don't know what it was, most abdominal surgeries these days with a robot and a laparoscope you get a new go home the next day, weeks of hospitalization and rehab our hearts go out to her we which are the best but we don't know the rehab and if something went wrong in an infection if there was some kind of scarring or hernia, we don't know and we should know because we could be better prepared, we like to relate to the royals even here in the colonies we like to relate to the royals and learn something from it. stuart: secrecy is a part of aristocracy. if you don't have that number to you would not want that in america and the brits are different in this respect. you are alright, see you again soon.
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, check the market, still down 170 on the dow, minor losses for the s&p and the nasdaq. still ahead sandra smith on president biden saying migrants built this country is confusing illegal migrants and legal immigrants, deliberately i think, steve forbes on biden attacking billionaires he says are not paying their fair share. arizona sheriff mark darrell's on pete buttigieg claiming the president is taking executive action on the border, where is executive action. 11:00 o'clock hour of varney is next. ♪ investment opportunities are everywhere you turn. do you charge forward?
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