tv Varney Company FOX Business December 1, 2022 9:00am-10:00am EST
to reclaim our legislative power here,ed on what our forefathers envisioned us to have i -- i would be remission if i didn't mention one thing state spending i am proud of our states pound chest say we balanced our budget suspend gas tax where did you get this money from in you he got from it federal government a indication of i am okay you are okay guess what i am not okay. i got 31 trillion dollars in debt. >> root because of spiking inflation was federal spending koisted relief package 1.9 trillion passed into law march s '21, i digress great to see everybody buddy carter tyler good stooed thanks for being here see you tomorrow ashley webster for stu take ashley: god morning, everybody.
i'm ashley webster in for stu. fed chair jerome powell said we could see smaller interest rate hikes this month. that sent stocks soaring yesterday to close out the month 2, 3, 4% gains but the rally a bit more subdued this morning as you can see. we're in the green but very modestly so, the dow, s&p and nasdaq up about a quarter of a percent or there abouts. meanwhile, take a look at bitcoin, which briefly hit 17,000 yesterday. right now, yes, at 17,000 essentially flat, 17,000 and 76. talking of cryptos, sam bankman-fried speaking out since the first time since the collapse of ftx. he says "i've had a bad month and i didn't try to commit fraud". lots to say about that. we'll bring you all the details. the white house claims president biden has been to the border. really? this despite no record of any visit as president or as vice president. we'll talk about that. and speaking of the president, a
former executive at twitter who played a key role in censoring the new york post story on hunter biden's laptop claims, yeah, it was a mistake. this comes as elon musk alleges that twitter has interfered in elections. oh, boy, it's develop that be a good day of news. it is thursday, december 1, 2022, "varney & co." about to begin. ♪ ashley: can't slow down, even if you're on sixth avenue, midtown matt hat tan, good morning, everybody -- manhattan. good morning, everybody. we're starting with these pictures. president biden and vice
president harris will be welcoming french president macron and his wife to the white house and it celebrating 200 years between the united states and france and we'll keep a close eye on the goings there. now it's fed chair powell spoke about how the fed will approach rate hikes going forward. everyone wants to know about this. good morning, lauren. what does powell say? lauren: the fed could scale back the pace of rate increases as soon as this month's meeting and likely going 50 instead of 75 as it's gone over the past four meetings but powell said inflation is way too high and sees no clear progress towards lowering it meaning the rate threshold might have to go even higher and stay higher so higher for longer. next panelist, tomorrow's jobs report on the 13th, we get inflation and day after the decision on what the fed will do in hiking rating. ashley: so many data to
consider. lauren, thank you very much. look at futures points slightly higher today and adam johnson. good morning to you, adam. volatility plunging and looks like we could get a year-end rally and latest inflation data and the data the fed keeps an eye on, pce, personal consumption expenditure up 2% so a positive sign with regard to taming inflation. what's your take right now? >> yeah, excuse me. we saw people are spending money and we're not calling it goldy locks and there's no goldie locks moment but there's a turn that the worst is behind us and think about it for a moment,
ashley, if we have the most number of people ever making the most amount of money ever and they're spending the most amount of money ever, that's good for the economy. if simultaneously we're getting tines that inflation is starting to come down, that's the other key component we're looking at and i feel very good about where we are and the data we've seen over the past 48 hours. ashley: but there are a vast majority, adam, saying that's fine but the lagging impact of the rate hikes will really kick in next year and it's going to be very difficult to avoid a recession albeit maybe a shallow recession but that is on the books. what say you? >> oh, sure. i think we already had a recession, ashley. i mean, gdp fell in the first quarter, fell in the second quarter. two consecutive quarters, that's a recession. in the third gdp rose 2.9% and forecast from the atlanta fed says it'll grow somewhere in the low threes currently in the fourth quarter. we can try to devine what's
going to happen going out -- divine what's going to happen in the future and people employed and making money and the fed is starting to pause, which was the message as lauren just suggested that we heard from mr. powell yesterday, we'll get 50-basis points likely this month and 50-basis points next month but to your point, he's likely to pause to let all these previous rate hikes start to percolate through the economy. we don't know how that'll play out. we honestly don't, ashley, but i will tell you that yesterday, as soon as i heard mr. powell start to speak and offer a statement, i took the last 2% of the cash that i was sitting on and i went out and bought stock. i am putting my money where my mouth is. i don't take that decision lightly looking after the wealth of the people whom we care for. i do think we're making the turn, ashley. ashley: very good. again, very optimistic, adam. i was reading i see far more to like than dislike. that's a good positive attitude. adam, we're already out of time
but thank you so much for your insight this morning. we do appreciate it. >> thanks, ashley. ashley: next case, the house passed a deal to prevent a rail strike but i guess the question is what happens now, lauren? lauren: well, the senate has to vote and they're discussing on whether to vote on two bills separately like the house did one to pass the september agreement and the other to gastroenterologist the seven paid sick day -- give the seven paid sick days or give them in the same package. the senate doesn't appear to have the votes to approve the extra sick time. biden is dispatching two cabinet secretaries to meet with the senate today. pete buttigieg and marty walsh will try to get bipartisan support and 60 votes needed to pass the house vote in the senate and send to the president's desk to avert a strike as early as the ninth of this month. eight days from now. ashley: yeah, that's right. we're seven minutes into the show, it's got to be time to get to our elon musk headline of the day. apparently he's opening up about
the role that twitter has played in politics. what did he say? lauren: there are lots of elon headlines today and this is one. he said that twitter has interfered in elections. it came in a tweet, and it was in response to a fan who called twitter's old trust and safety team a disgrace. so musk responded with this. exactly the obvious reality as long time users know is that twitter failed in trust and safety for a very long time and has interfered in elections. twitter 2.0 will be far more effective. he didn't go into detain and might soon. re-promised release of twitter -- he promised release of twitter files and maybe a data dump on what was covered up, what wasn't, why decisions were made, et cetera. ashley: wouldn't that be interesting. lauren, thank you very much. former twitter executives are offering a mea culpa on their handling of the hunter biden happen top story.
the -- laptop story. the former safety chief said we didn't know what to believe or what was true. there was smoke and for me it didn't reach a place where i was comfortable removing this content from twitter. well, they ultimately admitted the censorship was a mistake. matt schlapp is here with us now. what do you make of twitter finally admitting that censoring this story was plain wrong? >> for the former employees, it's too little too late. i think the federal government should be looking at charges. there are -- there's enough people who voted for joe biden who believe that the hunter laptop story was disinformation because that's what the fbi and others were saying it was. they said they told mark zuckerberg and they told jack dorsey at twitter to be worried about people coming to them with outlandish stories so they did everything they could to make it seem like the hunter laptop story was not a legit story and
if you look at the polls, ashley, there are enough voters who had they known that that story was legit, they wouldn't have voted for joe biden. so twitter in and of itself affected the outcome of the 2020 election. it's why people in this country, at least those out there who share my politics, have been so upset about the ability of elites to affect the outcome of elections. we've got to get this off. i think elon musk, he might not be a perfect fan, but he's the most outstanding american who's standing up to say, okay, we got to solve these problems. ashley: what's fascinating is the reaction from progressives and the left who for so long, you know, filtered conservative points of views and issues and now, you know, elon musk is opening it up to a true marketplace of free speech. that's when they cry foul. we had the white houssaying we're going to keep a very close
eye on twitter. i mean, what is this about? it's big brother and it really exposes what they are and who they are. >> yeah, two things. first of all the deep state, which i wouldn't have used that term a couple years ago and sounds fantastical and the fbi and white house admin went to twitter and said suppress the story. donnow you have major u.s. corporations who have gone woke leading -- starting with gm saying that they won't deal with twitter because twitter now believes in the concepts of the first amendment ruling at their organization where people with different points of view can have accounts and express them. if people in iran can have accounts, why can't people with controversial opinions in america have accounts? this is the insanity of woke corporations and i'm telling you, this is not going to end well for the corporations because you can't keep fighting
your customers over their values. ashley: right. that's exactly right. we'll have to leave it there but matt schlapp, fantastic stuff this morning. thank you very much. the fury over twitter revealing things we kind of suspected. thank you. let's check the futures right now. on the positive side after yesterday's big gains. dow, s&p, nasdaq all up a quarter to half a percent. coming up, press secretary karine jean-pierre claims the president has been to the border. listen to this. >> he's been to the border, and since he took office -- >> when did he go to the border? >> since he took office, president biden has been taking action to fix our immigration system and secure our border. ashley: she didn't answer peter doocy's question. if that's true by the way, why is there in record of it? we'll get into that. officials are warning that long covid could be the next public health disaster. dr. marty mccary is here next to
ashley: now this, following days of protest against the restrictive covid lockdowns, china may finally be making some changes so, lauren, does that mean they're done with the zero covid strategy? lauren: aren't you hopeful, ashley. no, but they have certainly eased some of those stringent covid rules like letting you isolate at home if you've been in contact with someone infected or inif he canned so you don't
have -- infected so you don't have to go to quarantine camp. the timing of this is key. you've seen these protests and we're looking at them now, demonstrate the sheer unpopularity of covid zero. covid zero has strained the government resources, hurt the chinese economy and honestly, ashley, it's not effective against omicron because it's so transmissible. beijing reported a report number of cases yesterday over 5,000. they don't have the infrastructure to deal with this, no hospital beds and quarantine camps. you can isolate at home, fine, but they're monitoring you so you have to sign this letter committing to not go outside and then they put a magnetic sensor on your door and every time that door is opened, authorities know, you might have left the house. then they can get into your phone and put a big red stamp on it not letting you get into any store or wherever you might have wanted to go. ashley: they're so far behind the rest of the world. we just got to -- as we know, you learn to live with it.
lauren, thank you so much. appreciate that. now this, researchers are warning that long covid could be the next public health disaster. economists say it could cost our economy $3.7 trillion. dr. marty makary is here. doc, you know, i think the last estimate i saw maybe 23 million americans are suffering with some form of long covid. does that surprise you? how big of a problem is this? >> well, it's not as big as has been advertised and let me tell you why because the u.s. claims that one in five covid infections results in long haul symptoms but a uk study found the incident was about 1.4% of those who got covid, and you can get long haul symptoms after any hospitalization or any infection when you're deconditioned and down, you're more likely to be fatigued and tired and have symptoms three and four and five months later. there are truly some people
where it's uniquely something going on and bodies may be crossing over to the nerves and there's a unique set of symptoms. as of yet, there's no cure but the incidents i believe is less prevalent than we're being told. ashley: ewe know, people a-- you know, people affected by this have detailed how they're ongoing symptoms have basically up ended their lives and they mentioned how they're struggling to get effective care. it's invisible and hard to prove. what should people with long covid be doing to try and get better. you say there's no cure. what options do they have? >> you know, it's hard as a physician, ashley, to tell people we don't have anything in modern medicine beyond supportive care. right now we have spent a ton of money researching therapeutic interventions and studying long covid, and it has yielded absolutely nothing. in one study they tested everything in your blood that we can test for practically and
none of the bio-markers normally in the blood were abnormal. so as of now, we've got nothing to offer these unfortunate subset of people who are suffering from true disability from the long covid. ashley: so frustrating indeed. i want to get onto another subject if we can. there's been a major update in biogen's alzheimer drug. the latest trial showing a slow down in decline of users. is this a real breakthrough in your opinion, doctor? >> it's exciting. it's a drug that we knew about in may when the results were announced but just this week, we got in our new england journal of medicine the details of that clinical trial, 900 people were treated with the drug, and we saw slowing. now, it's not a cure and it's not a reversal of alzheimer, but we saw a slowing in the decline of about 27% but there were side effects and it's an infusion and about one in four people had an
infusion reaction of some sort and 12% of patients had some form of edema and we'll see what that looks like in a broader sample and if that's a worthwhile tradeoff given the benefits of the drug. drug. ashley: some grounds of optimism and that's good. as always, dr. makary, thank you for your expertise this morning. meantime, house republicans are demanding answers on the origins of covid from the national institute of health and, lauren, did the republicans give that institute a deadline to respond by? lauren: december 16. house republicans are asking the nih, don't destroy documents on the origins of covid-19. or grants given to the research arm, the eco health alliance. they've sent a dozen letters largely gone unanswered. whether they get the answers they want by december 16 or not, it might not matter because new house leadership has said they're increasing their probes when they take the majority in
the new congress. you know, this isn't the end of it. ashley: no, it is not, i'm sure. lauren, thank you. taking a quick look at the futures if we can. we had a rally yesterday on the back of jay powell's comments. some better than expected, slightly better than expected inflation data this morning and it's all positive but the gains are a little more modest across the boards today. guess what, the opening bell is coming up next. ♪
ashley: all right, let's take a look at these futures now. we are moving higher. we had a nice rally yesterday of course, the dow gained 2%. the s and p3 -- s&p 3. gary, good morning to you. i made you the head of the fed and i know you're a big fan of the institution. congratulations. all right, gary, the fed is -- apparently were eating what mr. powell said yesterday slowing down the rate hikes. you said to stu back at the end
of october, you see this more ground to gain in the coming weeks. that's proven to be true. do you think we can still gain from here? >> yes, i do. on october 20th, i changed my tune for a very long time bearish and i said we're going to rally for the weeks ahead and we'll take it day-by-day, but i have to tell you, i was not impressed until that big day, november 10th, when the inflation number came out, and yesterday puts the stamp on it. instead of watching the fed and listening to the fed, what i have been saying, watch the 10-year yield, there's a direct correlation with the movement in that and it's gone from over 4.3% to under 3.6%. that's been doing the trick and also the dollar dropping has -- against other corn seizure disorderses has been -- currencies has been doing the trick. we'll be following it and so far so good and nothing but improvements so far and yesterday goes a long way for higher prices. i don't know how much or how
long but pretty darn good action. ashley: right. are you still cautious though? i know you're being bullish here, but are you still kind of keeping cash on the sidelines because so many predictions for next year are pretty grim? >> well, i don't try to predict what's going to happen next year. i try to interpret what's going on now, and we're just adding more stocks are showing up on my screen. world markets also are going along for the ride and that hasn't happened in a very long time, and i think that's part of the currency-related move and we get more and more bullish by the day and better action we've been adding on a continual basis and we stay paranoid because of the administration that will hit the economy next year and we keep our eyes wide open on what can go wrong. ashley: i think i know the answer to this, quickly, gary,
should investors steer clear of cryptos? what about you? >> i've been saying for years, 90% of the coins would drop 90% or more with most going to zero and at the end the leverage goblins will show up and end up in 6x9 cells and we're starting to see that too. i would just be careful. there's no value behind any of this, no earnings or sales and unfortunately all my worries have occurred and they came out with 20,000 coins trying to make money over all these people. you see what's going on, most are at zero. be careful. ashley: we hear your message loud and clear. gary kaltbaum, temporary head of the federal reserve at the same time. how about that. gary, thank you so much. appreciate your time, gary. thank you. all right, they're smiling and clapping and hitting the bell and pushing the button, and we are off and running on this thursday. the first day of december and, okay, the dow up slightly at the opening bell. that'll turn around.
3m, home depot, united health at the top of the board. on the other end right in the early going, disney, wal-mart, salesforce.com. okay, let's take a look at s&p and gained 3% yesterday in that nice rally. today essentially flat at 4,085, up about 6 points. take a look at nasdaq as well, big day for the nasdaq yesterday. those growth stocks are gaining 4% today again essentially flat just up 5 points. take a look at big tech, high growth name ifs we can. mixed bag, meta and amazon moving higher and alphabet, apple, and microsoft down. microsoft off half a percent in the very early going. let's take a look at sales force if we can. big drop down more than 9%. we know the co-ceo of the company, brett taylor is stepping down but, susan, do we know why?
susan: yeah, there's a personnel issue at sales force and that's why the business is down and stock was good over the summer. brett taylor, was the chairman of twitter's board that forced elon musk to buy it and pull through with that deal. taylor now leaving sales force at the end of january. that was a bit of a surprise. only one year on the job, second co-ceo to leave in three years so really that's not a good look, especially for mark who will be the sole ceo of the company that was founded and does that structure work at salesforce and is there a personality issue? as for the business, better earnings in the summer. sales growth is slowing because of tough competition from microsoft especially on the cloud and enterprise software business. i saw 17 analysts cutting price targets on the stock. jp morgan only going to $200 and they cut their price targets by $50 so that's a slice of 20% on outlook of salesforce. a very good. by the way, good morning, susan.
susan: good morning. ashley: i forgot to say that. susan: i know you love me. yeah. ashley: i do, of course. huge jump this morning, up nearly 20%. what's going on here? susan: we use it, even stu varney uses it and id security business possibly might have hit bottom. octa beating -- by the way they're forecasting a deceleration in growth and they beat but they're forecasting a slow down in their sales growth and wall street saying, okay, not greet. if you're down, the -- great. if you're down and stock is down 75% this year, maybe it's cheap enough to buy, especially with rates as we heard from the federal reserve and now wall street's only pricing in interest rates to be below 5% by may of next year, and the stock has taken a hit but they had that $6.5 billion acquisition of the competitor ofta last year and trying to integrate that and if they get that right, it'll be a big boom for their business.
ashley: costco, they reported november sales and stock is down. how did they do? susan: stu varney might be a fan of costco where he greets his fans but people like stu varney don't shop online. that's the problem for cost koenen. they saw -- k costco, they saw a 10% drop in sales and online sales has been and had been a bright spot for costco and this was a bit, i would say surprising for investors. november sales also slowing down by the way and i think that's a problem. sales growth is decelerating and not a good sign heading into the holiday shopping period and covid lockdown boom meant bulk buying, discount buying might be over but costco the stock has outperformed this year and only down 5% compared to the broader s&p, which is down about double digits, 10+%. ashley: everybody needs a 50-pound bottle of ketchup.
susan: check out hot dog and coke combo. ashley: snow flake, the cloud company had an okay report card. they're up 4% today. susan: yeah, so initially down, a reaction but now up because people dug through the details. i thought it was fantastic. the cloud warehouser, yes, they're cautious with their outlook, but makes it easier for them to beat. their forecasting to be around $10 million. only $10 million short of analyst estimates considering they're going to -- their sales will hit half a billion so what's 10 million in the calculation and growth is slowing down but slowing down to 67% from the 87% increase and i think anybody would take those type of growth numbers, especially in this slowing growth environment and they had 7,000 customers at last count. that means 7,000 customers that pay these recuring revenue monthly fees and in this type of world, people love that type of business model. ashley: yeah, not bad at all. we've got to talk about tesla. the company unveiling the new
semi-truck. susan: finally. ashley: how has it done in the debut? susan: it's finally going to be delivered. long delay because we thought we were going to get this tesla semi-truck before covid back in 2019, and now after a three year delay, pepsi's going to be the first to get their hands on this new electric tesla semi-truck. remember back in 2017 you had elon musk saying it would cost around $180,000 per truck, go 500 miles and tesla's chair saying 100 will be made this year. on the markets, a lot of septics and can a -- skeptics and can it haul all that heavy fraught and looking at -- freight and looking at model 3 and no one gets it for $30,000 and is 500 miles enough of a charge for a long distance contract, especially if you're hauling goods across the country? you know, meantime, yes, tesla is a big factor in elon musk. he's busy, he's a busy guy and
also yesterday unveiled a new neurolink chip and said he'll have one implanted in his head one day. ashley: i'm not sure he's not already done that. staying on elon musk, is there an update with the ongoing drama susan: apparently they're friends once again. you had elon musk tweeting out video and pictures of his tour across apple headquarters and cupertino, california, and said we resolved the misunderstanding of twitter potentially being removed from the app store. tim was clear that apple never considered doing so. i think it kind of makes sense for both of tim cook and also elon musk, richest guy on the planet being the most powerful ceo overseeing at largest company and both have a lot to gain from having c good
roadwaylations and making chip -- relations and making more chips in the arizona facility here. ashley: fascinating stuff as always, susan. coming up, msnbc's joy reid said she has a hard time differentiating nick fuentes with the current republican party. what? roll tape. >> the rest of what fuentas just said, to me that doesn't sound different than fundamentally what the party said. they don't necessarily like the idea of democracy. ashley: give me a break. i'm going to ask ben dominich what he makes of that statement. ben trudeau said he supports protest but he was the first to shut down the freedom convoy and i'll ask one of the truckers beaten by police by the way, what he makes of trudeau's stance and that is later in the show.
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no matter your purpose, at pnc private bank we will work with you every step of the way to help you achieve it. so let us focus on the how. just tell us - what's your why? sam bankman-fried speaking out yesterday for the first time since the collapse of ftx. kelly o'grady continues to follow the story and, kelly, he admitted he screwed up but did he take any blame? >> ashley, he chose his words so carefully. he never said he accepts responsibility or he takes blame. instead he zeroed in on the concept that he had a duty as
the ceo and didn't do that very well. instead, sbf is blaming ftx's sister straying company alameda saying i wasn't running alameda and didn't know what was going on and haven't been making those decisions. that's hard to believe given he was the founder and owner of alameda and said the source of the political donations was alameda trading profits, but being incompetent doesn't mean you broke the law. investigators will be combing through that interview. he was careful though saying i didn't ever try to commit fraud. i didn't knowingly commingle funds. listen to his response when asked point-blank if he ever lied. >> i don't know times when i lied. i think -- look, there's certainly times when i was acting as a representative, as a marketer for ftx as compelling a ways as possible as exciting and optimistic. i wasn't talking about what are the risks involved with ftx.
>> that clip reminds me a bit of a defense that elizabeth holmes used in the theranos trial and they'll be looking to that interview ahead of senate hearing looking to ftx in about 20 minutes and sbf gave them a lot of ammunition and didn't accept blame but said things wouldn't have gone sideways if there was more thought to risk management. ashley: he had a hard time looking directly into the camera. that's for sure. kelly, thank you very much for the latest developments on that story. now this, disney's latest animated film, strange world, is chipping up to be a complete box office -- shaping up to be a complete box office flop. how much could disney lose on this movie? lauren: $147 million and cost $187 million to make. you know, it's an uncomfortable conversation but we have to have it. one of the problems is that
strange world pushes a gay character on young audiences without proper marketing to parents; right, who might not be prepared to have a conversation with their young children. so ex-ceo bob chapek oversaw that release. it's a box office bomb. it really is a bomb, and it's the latest example of disney not only pushing this woke culture on their employees with the crt trainings, but now on children's programming as well. the film critic, christian todd says and i quote "hollywood doesn't fully grasp the go woke or go broke and strayed too far from what disney was and should be inspiring and inclusive, that magic". it takes you to another place. a family friendly place. ashley: exactly. yeah, and now they're paying the price for making that decision to go that way. all right, also staying on disney, lauren, they just bought remaining shares of another
streaming platform. lauren: bamtech it's like wwe and hbo streaming. they paid mlb $900 million for the stake that disney doesn't already own. all part of bob iger's priority to make streaming profitable. he's got a tough task ahead of him. ashley: he does. and the stock completely unchanged right now. lauren, thank you very much. a quick check of the markets as we head towards the break here. we are -- well, take a look. the markets themselves, the dow slightly down and s&p and nasdaq slightly higher. take a quick look at 10-year yield with latest inflation data and yield on the data come down a little bit and now it's flat at 3.60%. taking a quick look at gold if we can. see what gold is doing and old traditional hedge against inflation, it's up $54 at $1813 per ounce. bitcoin right at 17,000,
essentially flat but 17,086 and a quick look at oil, that's been moving higher of late and continues to do that. umm more than $2 to $82.83 a barrel. natural gas, of course heading into the winter we like to watch that, that's up 3% at $7.15. by the way, the average price for gallon of regular across the country, $3.47. of course that is unless you live in california where it is now averaging $4.90. coming up, the liberal media suddenly cares about crime but not because of the toll it's taken on the american people. we're going to get into that story. and then there's this, mariah carey giving away keying to her kingdom during the holiday season. she's teaming up with booking.com for the ultimate holiday experience. we'll give you the details right after this.
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cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. if you think you have dupuytren's contracture, there's a simple test you can take—from anywhere. try to lay your hand flat against a surface. if you can't, you may have dupuytren's contracture. talk to a hand specialist about your options, including nonsurgical treatments. ashley: prince william and
prince kate's american tour well underway. by the way, they sat court side at a boston celtics game last night. there they are looking very intently at the game. molly line is in summerville, massachusetts, this morning. molly, what else is on the royal agenda today? >> good morning, ashley. there's a busy schedule and onlooker hoping to catch a glimpse of the prince and princess as they begin their day. they'll hit nonprofits and a green tech initiative but as you mentioned, they arrived yesterday and got to boston to a very warm welcome but a wet one. joining the city's mayor and thousands of onlookers outside in the pouring rain lighting up city hall in green lights for the climate city initiatives ahead of the couple hosting the earth shot prize ceremony friday night where millions are given to earth saving programs. >> boston was also the obvious choice because your universities, research centers,
and vibrant start up scene make you a global leader in science, innovation, and the boundless ambition. >> and as you noted, ashley, william and kate kept the green theme going last night at the celtic's game last night and first stop at green town labs in summerville, massachusetts, described as a community of climate tech pioneers working to design a more sustainable world. william and kate's arrival has been overshadowed by the prince's god mother who stepped down from honorary role with the royals after questioning a black british women about her heritage during a palace reception and the palace released a statement in the evening standard calling her comments unacceptable and regrettable. this comes ahead of a trip to new york city next week for the prince's brother and wife, harry and meghan, the duke and duchess of sussex accepting an award for standing up for racism. the head of the awarding
foundation in the spanish news site el confidential and the first trailer for harry and meghan's docuseries that led them to step away as roles as royals and new word from the white house back on american soil that president biden will be in the area on friday in hopes to -- or intends to greet the prince and princess before all of these festivities wrap up. ashley. ashley: and very quickly, molly, i think you mentioned it there in your report that they are being warmly received. we know boston is a very strong irish community, which is not always friendly towards the royal family but you say they're being very well received. >> yes. the british are coming, they have arrived, they are here and being warmly received. a crowd of probably more than 100 people out here today to welcome them and last night i stood in the rain along with the folks that gathered there and people were taking out their
phones, face timing in their grandmothers trying to be part of all the excitement as it gets underway. just a couple days to join the royal excitement. ashley. ashley: fantastic. molly line in massachusetts this morning following the royal couple. molly, thank you very much. you know, lauren, very quickly, what's interesting to me is you got william and kate on the east coast and meghan and harry on the west coast and meghan and harry will be coming to new york but these couples are not going to meet. lauren: yeah. i don't know. should they, ashley? ashley: no. lauren: it's such a strange relationship and i was looking at the trailer that just dropped from the docuseries. ashley: oh, yeah. lauren: yeah, netflix stock is up like 2% right now. i wonder if it has anything to do with it. it seems like it's glorifies their relationship and everything they tried to do to part ways with the royal family. ashley: yeah. lauren: it felt very sweet
sixteeny at the same time. ashley: yeah, exactly, lauren. thank you very much. that's our royal segment over with. still ahead, florida congressman mike waltz, brent, charles payne and the 10:00 a.m. hour of "varney & co." is next. ♪ to .. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪ there's no going back.
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