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tv   Varney Company  FOX Business  April 16, 2024 10:00am-11:00am EDT

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stuart: the florida/georgia line. it's 10:00 eastern on tuesday, april 16th. the dow is up one hundred 30 but no gain on the s&p and nasdaq after yesterday's heavy duty selling. back to third in the red. the 10 year treasury yield is going up, 468. that's not helping the stock market. oil, $84, scratched its way to 85, strange, despite the tension and release and retaliation against iran, oil
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is not doing much this morning, 62,000 the coin even though half of it takes place. that's the markets. now this. liz truss was britain's prime minister. she lasted 49 days. writing in the wall street journal, she says she was done in by britain's deep state, the editorial is a warning to donald trump. if he is reelected, the deep state will come after him even more fiercely than in his first term. truss is a conservative and in her first days in office she introduced a growth plan. britain's deep state prefers a big government, they are committed leftists, a growth plan was sabotaged. the warning is the same will happen if donald trump gets a second term. trump wants to expand oil and gas production. you think the bureaucrats in the energy department will go for that without a fight? they are climate guys, how
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about subsidies for electric vehicles, trump is not keen in the environment protection agency is gung ho for anything green. they will promote the green new deal forever. tax cuts, no way, spending cuts absolutely not. school choice, never forget what the deep state teachers union did during the pandemic, the justice department orchestrated the charges that keep donald trump tied up in court in the middle of a presidential election campaign. truss's warning is a reminder government bureaucrats on both sides of the atlantic have real power. they are not afraid to impose their view of the world regardless of our elected officials. second our of varney just getting started. mary catherine hamm. do you agree with liz truss that the deep state will come after trump harder if he wins a
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second term? >> what we saw during the first term, not just deep state, doesn't have to be state actors but the entire media aligned against him. i was in real time watching the folks at cnn by hook line and sinker everything adam schiff handed to them, this could be a collusion between state actors who create an impression of something that isn't there, pushing those theories and state actors in the government actors alleged public servants and the media who are public servants. this is a betrayal of the american people. you should tell the truth and recognize, the president of the united states is the person in charge of that movement. doesn't mean you lay down your life for them but you don't
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tell lies to undermine them 24/seven. that is what we saw during trump's first term and would not be surprised if we see it again particularly media. stuart: one of the things i would like to see after a trump when is the apoplexy among the media. they will be hysterical. i'm going to move on. related subject to. npr has suspended that veteran editor, accused the outfit of losing the trust with left-wing bias against donald trump, suspended for 25 days without pay. i think the editor was telling the truth that was punished for telling the truth. >> of course he was. i'm not a rose-colored glasses person about the media, they've always been kind of trash but there was a time i do think
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when they tried harder to get things right, there was a time when if a berliner blue the whistle, was employed by npr, when he blue the whistle, said to them i don't like your bias, he's a left leaning guy. what he says is we got stories wrong. we've got major stories, hunter biden's laptop, covid school closures and the russiagate story, we got these wrong in a way that hurt the american people, doing their jobs, the people who are in charge, this is why they will never heal themselves, decided he is the problem for pointing it out. i do believe there was a time when the head of a media company would be like may be we did get those wrong, maybe we should address that. until they do that they won't address that. stuart: i've got one more. katie couric called out of
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touch for her criticism of trump voters. >> socioeconomic disparities and class resentment is a lot, and anti-actual is him and elitism is driving many of these antiestablishment -- which are trump voters. so i think that is a huge problems that we have to address. stuart: fascinating stuff. it sounds like another basket of deplorable's moment, go ahead, make your case. >> i think couric is right. there is anti-intellectual and anti-elite sentiment in this country. do you know why? the intellectual elite are neither intellectual nor elite, they are very bad at their jobs, they fail people constantly, they are wrong all the time. they are unwilling to look at
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themselves and wonder why they might have gotten things usually wrong and i would like to say this where the superrich woman, and the transition to globalism and it is about providing for families, not just about them feeling mad. i would like to add it's not always the working class that's complaining about this was a welder in the transition to ai and globalization does quite well and hope we see more of them compared to humanity leaders we see blocking the roadways this week because that would make society better off but i'm not katie couric. stuart: you are on form this morning. president biden's campaign wrapping up their spending. what did they spend last month? lauren: $29.2 million just in march, four times what they spent in february.
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think massive media bias, this huge staffing on the ground operations, how they are mobilizing, particularly hispanics in arizona on abortion, have their money and are using it. $80 cash on hand still. stuart: check of the markets again. no serious, dow up 100. check on oil please, last time we were at 84. and we would you like to speculate, how heart oil might go if israel retaliate seriously against iran. >> when the tensions are right now, it was a natural base for oil.
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when it comes to fruition, it's hard for oil to rally, sooner rather than later you see oil get above 90-95. longer it takes anything to happen, the markets stay alone the whole idea and doesn't have a stay at home. we saw that happened with russia and ukraine and they got a jolt and a year and 1/2 later the same news the use to rally the market doesn't move the market at all. if the story takes too long, takes a lot of gas from the pipeline that won't happen. stuart: i was expecting oil to go up, it stabilized. i been subjecting gold to go up but it did to $2400 an ounce.
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do you see gold going to $3000 an ounce of? >> i don't think it goes that high but i feel as though something changed in the gold market. the last ten years, maybe a little longer, bitcoin has taken a lot of luster out of gold. a lot of folks that used to say play the us economy in the gold market or feelings about the us as far as the country as a whole in the gold market, they moved ten years ago i left gold to languish. hasn't done anything for a long time but as things have gotten more dangerous, spr is down 50% to what it was, it was a hard time on russia ukraine, not the middle east and you start to get anxious and nervous. people like to hold onto their
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riches. that brought gold to the forefront. if there is some sort of armageddon, a crazy thing like we lose electricity with your electrical grid, how do you get a hold of bitcoin? i feel there is more folks that love going down to costco to buy a gold bar, makes them feel more safe than having a bank statement. stuart: scott shelladdy, thank you. tesla is down another 3 points. lauren: it is only tuesday. jpmorgan is commenting, jpmorgan caught my eye commenting on the largest layoff ever, 10% of air force, this doesn't show a supply problem at tesla but there's a demand problem. they stay underweight, price target is 15.
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hsbc sees a 40% share price gain, price target goes to $225, stocks at one hundred 62. they expect 10% market share by next year. the reason is ai, amd, ai chip. stuart: netflix reports thursday. all kinds of predictions. lauren: ahead of that we have mcquarrie increasing the price range at $6.17. stuart: caitlin clark is the number one pick of the wnba draft, you won't believe what she makes as a rookie. we will break down a shocking contract. university of southern california cancels it speech at graduation claiming safety concerns over students pro-palestinian stats. we are all over that one.
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breaking overnight, the house voting to sanction china's purchases of uranian oil. that could have huge financial consequences. hillary vaughan has the report from capitol hill next.
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>> congress wants to stop china from purchasing oil from iran, they just passed a bill that would make it harder. what in the bill? hillary:it would expand sanctions, for irani and
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petroleum cutting off transactions between chinese financial institutions and sanction uranian bank, this would cut off a lifeline for iran because a research group finds four in five barrels, 80% of exported uranian oil goes to beijing and iran is ramping up their oil supply meeting they are making more than ever, iran oil export up 20% in 2023 compared to the year before, exporting a massive 1.6 billion barrels of oil since biden has been president was republicans on capitol hill say enough is enough. >> the biggest way that we could help israel, help our ally and live up to the rhetoric is cut off iran's cash. we've been saying it for months, that they are exporting more oil than they ever have, selling 90% of it to china so chinese money is flowing into turnaround which is flowing out all these terrorist proxies.
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>> reporter: national security 5 john kirby was asked if the white house would do anything to put a stop to iran's oil flow but as of today, there's no plans. >> we don't preview sanctions and i'm not going to do that today except to note what i said in my opening statement, the possibility of additional sanctions on iran. unilaterally and multilaterally but we will see where it comes. >> reporter: the white house seeing where the global community is on whether sanctions should be increased or new sanctions put in place on iran but doesn't seem the administration has any interest in doing anything on their own. stuart: thanks very much. james caraandoh, israel has no choice but to respond to iran's attack.
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first, what will israel do? and second, what should israel do? you got that? >> i don't know what is real is going to do. a lot of people talked to israel in the last 24 hours and no one knows. the only thing we know is back channel. communications between these parties that signal what they are going to do and i haven't heard anything about that, this is what israel is going to do his name isn't netanyahu doesn't really know. we can talk about two things. what i think they should do. stuart: what do you think they should do. >> if i were the israelis you got to respond at that point. israelis have been strategic in their response.
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they've always hit back. the strategic end state to achieve, that's the big question. if i were the israelis you got to deal with the 50 m target. got to finish the mission in gaza. that is the immediate thing that has to be done, and the iranians would be happy with that because that is going to complicate things and distract them from finishing the mission in gaza. afire them, i would do that before responding to the iranians. stuart: suppose, what if the israelis did nothing did not retaliate. does that embolden iran? >> iran has already been emboldened. deterrence in the middle east has broken down. the fear of doing some thing
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out of retribution is gone. doesn't mean world war iii, they never study world war ii, and when this stuff spins out of control. the reality is israel when they say we respond is typical rhetoric. it is not deterrence because iran is not deterred. they know where biden is. this is iraq, the hard spot. the one thing biden doesn't want, gas prices to go through the roof before the election. to pump baby pump, keep global supply up so he's not going to do anything to force the hands of the uranian's. they know that and have ground to play with.
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stuart: you always hit the nail on the head. thanks for joining us, we hope to see you again soon. check the markets again please. we are in our into the session, not much movement. the dow is up 100. the rest of the market dead flat. the 10 year treasury yield, up 4.66%. then there is this. billionaire mark cuban was asked about paying his fair share in taxes. did he dodge the question? ashley: yes, he did, he was happy to pay substantial amount to the irs. he was asked if he or his corporations pay more than the required amount of taxes. cuban responded, quote, pay what i owe tomorrow. it was transferred to the irs, $288 million.
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this country has done so much to me, proud to pay my taxes. tag a former president who doesn't. cuban corrected the total amount saying he paid 79 million in taxes. critics piled on asking why the billion or doesn't pay more than he owes, what is a fair share and how much they can be. cuban pays plenty and creates businesses and jobs and hard work while the government squanders that hard-earned money. stuart: armed robbers smashed display cases in oakland, california. the shop owner says life savings were gone in a matter of business, hope to give you the video the actual smashup.
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a new gallup poll reveals half of us say we are not getting enough sleep. how much is enough sleep anyway? i will ask doctor siegel after this. ♪ ♪
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what an impossible shot brought to you by comcast business. stuart: one hour into the trading session, thousand pay, nasdaq and s&p up slightly. i want to start with super microcomputer up again. lauren: this stock has tripled this year, going up 70%. they lead the market when it comes to a i servers, now they are in the s&p, we have regular conversations with clients on this stock. stuart: another 70%. lauren: i haven't heard of it until this year. if only i knew. stuart: how about riot platforms?
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lauren: they are dipping along with bitcoin. cd says it's premature to be crowning bitcoin is the new gold. stuart: trump media having trouble scaling up. neil: preparing to launch their new tv streaming platform and they are launching in phases. they have a product, stocks down 6.5%, down 60% from its peak on march 26th. stuart: nearly 60% of people surveyed said they would feel better if they got more sleep at night. 42% said they get enough sleep already. doctor marc siegel, how much sleep do you need? does it vary from individual to individual? >> it does and it varies from age to age and it varies from your genetics but i will tell
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you one thing, 6 to 7 hours of that is a good place to start, when sleep does, vacuum cleaner debris in the brain, it's a rest cycle for the brain to cleanse itself, for the entire body to reset itself, for the hard to relax, to reform its metabolic processes. the more the better. you can't have too much sleep so the message is americans are undersleeping and it's affecting everything, heart disease, stroke, high blood pressure, obesity, depression all come from lack of sleep. stuart: one more on this. there was intense discussion among our producers and associates. do women need more sleep than men. our team says yes. stuart: what say you? >> when you walk to the control
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room, a woman chooses lower temperature than a man. i don't want to come out and be sexist and say women need more sleep than men, depends on the individual which is where they started this. certainly, say you are pregnant, you need more, depends on where you are in life. i don't want to say women need more than men. we need more sleep. stuart: researchers are looking into a one and done vaccine at birth. even if the virus mutates. stuart: with vaccine wars during the pandemic. people said it had side effects we didn't know about the were disclosed, it made you uncomfortable.
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all the debate about it, there are different pathogens at the same time. and anonymous research effort the nih's funding on. i think we are going to see that. you always want to know when it will be the exam room. we will have the opportunity to pivot with a vaccine that covers many different bugs. that's the future and we will study in real time before comes up. stuart: another new study found drugs like ozempic could be more expensive and less effective than weight loss surgery over a 5-year period. i people if it comes to it, i prefer an injection rather than stomach surgery. on my right? >> i thought we were going to disagree on this.
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we are in total agreement. i am offer lessons learned. i am all for medicines over surgery. once you had that surgery, you have scarring and have to have it redone. so many of my patients had surgery done and go to different versions of it. these drugs do the same things with the hormones in your gut that the surgery doesn't we have companies competing for this, eli lilly, pfizer, viking, all these companies trying to get the oral version, different versions of it. this is an enormous breakthrough and if it prevents the need for surgery, i am offer that exact reason. stuart: i think yet again we are in agreement. i think that's pretty good. see you again soon. a new study, another new study highlight how legalizing marijuana could affect teenage part use. what did the study say?
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ashley: probably not what you would think. these kids are not going in smoke. and a report found legalizing marijuana for adults for the opening of retail pot stores did not lead to an increase in teens using cannabis. students from 9th to 12th grade in 47 states, the results show legalization and control over cannabis markets did not see more adolescents using weed. but researchers say not all the findings are positive. one outcome should retail pot stores, teenagers who used marijuana did so more frequently after the markets opened with a 26% higher frequency. we are taking studies all the time. stuart: we have at least three new studies every single day.
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more than half the trump trial jurors were dismissed on the first day. they say they can't be impartial. is it possible for trump to get a fair shake in new york you can tie israel protesters blocked traffic on bridges, highways and airports. coast-to-coast, disruption. they will only get more extreme. he is on after this.
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stuart: we've got the dow up 50, the nasdaq and s&p down a little. unitedhealth, very good earnings report this morning, up 5% and that adds 166 points to the dow.
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the university of southern california canceled its commencement address by the school valedictorian. does anti-semitism have something to do with this? lauren: the valedictorian, social media link to a free palestine website the calls for the abolishment of israel. the school says tensions are too high and they cannot have her do the graduation speech because they prioritize safety. she called the school anti-muslim and said they are silencing her. in this day and age, usc made the right decision. a lot of people coming from out of state, you know your school and what's going on but friends and family and graduates coming in, people get annoyed she was giving that address. stuart: back to the anti-israel protesters who blocked traffic across the country yesterday. in one protester caring at
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hezbollah flag, this screams death to america. watch this. jason rantz with me. are these protests anti-semitic? >> yes and no. two groups to pay attention to, clearly the anti-israel, anti-semitic aspect to this, no doubt that is what is inspiring this to be as large as they have become. in the sense they are following the steps the blm movement took when you had radicals who were anti-capitalist trying to commandeer this movement and use it to get folks to join them in their anti-capitalist way. on the west coast, we had a group called a 15 economic blockade.
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by blocking economic activities particularly the reason they targeted the airport and clear ports, that was the goal, to disrupt the economy. when you go into websites with their signage they don't hide this either. it's a mixture of anti-israel, anti-semitic, anti-capitalist. stuart: i don't think you should disrupt our society and get away with it like that. tennessee senator introduce legislation which would deliberately block the highway and federal crime. i approve of that. how about you? >> one hundred%. right now it is already a crime, not a federal crime. in seattle, our major highway had been blocked, january 6th. we haven't seen a single charge be filed. we can have these laws and not
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enforce them. we've seen this in the last several years. it emboldens them to do it again and again and again. stuart: you followed the homeless story closely. the supreme court is going to rule on cities being able to ban public camping. is this a partial solution to the homeless crisis? >> it's more than a partial solution, the oral arguments are on monday. it's based on a city most people haven't heard of. they said we want to clear these encampments because they are dangerous, attracting crime and disease. folks who are living their say we are not going to go into shelters. the circuit court of appeals several years ago, two cases at this point said it's a violation of their eighth amendment rights, cruel and unusual punishment if you don't have another place for them to go.
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the city is saying we need more flexibility. we've seen a lot of folks, republicans and democrats at city levels have signed on to this lawsuit in support of the past, they are saying the same thing. can't keep these things there. make them stay, allow them to stay but when we point to crimes that are occurring directly around and at these encampments, the thinking is the conservatives on the court grant a little more leeway or total leeway, the cities tackle this. i have an op-ed on this topic. stuart: i shall read it, thanks for being with us, see you again soon. a record-breaking 24,000 chinese national migrants have crossed the southern border, most of them entered through san diego. where do they go from there? what are they doing here? congressman darrell isa will
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answer the question. president biden caught on camera using a cheat sheet next to a world leader, this note card reminded him when to take a pause. brian kilmeade all over it next. ♪ inking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management.
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her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal.
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and we could all un-experience this whole session. okay, that's uncalled for.
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stuart: the dow is up 65 points but all of that gain is the result of unitedhealth which is up sharply. the s&p down 13, nasdaq down 34. the 10 year treasury moving up 4.66%. the price of gold still shy of $24,000 an ounce. bitcoin sinking, oil not doing much, $85 a barrel, natural gas under $2. average price for regular gallon of gasoline is $3.64. coming up on 10:51, that means it's kilmeade time.
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president biden was caught once again clutching scripted notecards with iraq's prime minister, even had stage directions on when to pause. what does the rest of the world think when looking at this? brian: a day after one of the most horrific attacks from iran soil to israel soil where we knocked out 80 trillion missiles and rockets. so much to say and so much to relay. we deserve that information. the iraqi prime minister, not sitting next to vote leader, with the guam executive. it's a meeting with the prime minister of iraq where rockets were knocked out of the sky, pushing to oust us from our base of 2500. are they just saying that because of iran's influence, this is a powerful meeting and
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he can't talk off-the-cuff and is afraid to address what the prime minister is doing? you can't do the job. the other thing is this guy was shot yesterday, can barely get out of word, he says pause in between breaks to create some drama or competency or comprehension. this is about ability to do the job or the decisions you make in the job. stuart: the image of america not good in my opinion. iowa women's basketball far caitlin clark, watch this please. >> with the first pick in the 20204wand b a draft, the
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indiana fever of iowa. stuart: here's the surprise, the 4-year rookie contract with only $338,000, she will get $76,000, she is a major league star. i thought there was more money than that. brian: getting endorsements but we have the best lacrosse players in the world. they have to have other jobs. major league soccer have a salary cap, major league soccer owns it, fan it out and have salary caps but it is to the revenue it produces, not the quality of the athletes or the players but the revenue that involved and they have a collective bargaining unit. they could negotiate but this is the revenue. if you look at most of those arenas they are not even half
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full, the game hasn't been promoted, they've not done the grassroots in many of these cities to get out the next generation of girls to watch these kids, to watch these players as the ones that show up at my clinic at madison square garden or watch them play so they helped that. all these fantastic, sue bird helped but for the most part they need people to go. around revenue comes up players don't get it. it is irrelevant what it means in the landscape, it's all about football, number 2 seems to be basketball, number 3 is baseball, number 4 is hockey. wnba is below the mls in revenue. stuart: i will completely change the subject. i want your take on pet bereavement was you have three dogs, you agree with days off for a pet bereavement? brian: know. is much as i like pets, you have a job to do. they are an important member of
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the family. if you have a personal day, take a personal day, have a vacation day take a vacation day but you can't expect companies to say i got a pet guinea pig or dog, they are important, you can't do it, got to make ends meet. companies fail, people got to work and at the same time you get vacation days for a reason. take a day but don't make the company pay for it. stuart: you are not going to get a day off when your pet goldfish dies and that's a factor. brian: how does this even come up? stuart: we were deluged with opinion e-mails. we will read some of them in the next hour. you and i are in agreement. former new york city cabdriver jimmy failla talks about protests that snarled traffic across the country. a cabdriver in new york. congressman darrell isa talks
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about controversial voter id law in southern california. steve more in the building, he says biden is out of touch with mainstreet america. the 11:00 hour of "varney and company" is next. ♪ liberty mutual customized my car insurance and i saved hundreds. that's great. i know, i've bee telling everyone. baby: liberty. oh! baby: liberty. how many people did you tell? only pay for what you need. jingle: ♪ liberty. liberty. liberty. ♪ baby: ♪ liberty. ♪ everybody wants super straight, super white teeth. they want that hollywood white smile. new sensodyne clinical white provides 2 shades whiter teeth and 24/7 sensitivity protection. i think it's a great product. it's going to help a lot of patients. i was only 23 when i was first diagnosed
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and disruptive to your life, posing a real threat to your family's comfort and safety. when the power goes out, you have no lights, no refrigeration, no heating or air conditioning. the winds are not letting up at all here, and we're going to see some power outages. the number one thing to prepare for is extended power outages. are you prepared? you can be with a generac home standby generator. when a power outage occurs, your generac home standby generator automatically powers up, using your home's existing natural gas or propane, so your life goes on without disruption. you and your family are comfortable, safe, and secure. stay tuned to get over a $700.00 value free on the most popular home standby generator in the world. with the generac, we don't have to worry about whether we lose power or not. if the utility company does not come through, our generac does. having a generac takes a lot of the anxiety out of, there's going to be a storm.
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after the hurricane happened we just want to be prepared for anything. generac generators are designed, engineered and built in the usa. 8 out of 10 home generators are generac and have thousands of satisfied customers. how many times have you heard people say i never want to go through that again? well the next time you go through it, don't make it so hard on yourself. have a generac home standby generator. call or go online now to request your free quote with one of generac's nationwide dealers. special financing and low monthly payment options are available. and if you call now you will also receive a free seven-year warranty valued at over $700.00. the call is free, the quote is free, and there's no obligation to buy. call or go online now. so the next time there's a power outage, your home powers up. power your life with generac. call or go online to request your free quote today.

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