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inflation, which is the fed's target, right? the fed is taking cash out of the economy left and right. they are raising interest rates significantly. this is not an easy thing. the trick was don't make the mistake in the first place. having made the mistake, when nobody believed it in 2021, now the fed is off setting that. in history, almost always leads to recession, i hate to say that. i am a long-term optimist and i believe this little socialist interlude we find ourselves in will pass over time. and i don't think people should sell all their stock market holdings. i know there is a lot of bears out there. people should look to the long-term. if the market goes down you should probably add some money to it. buy the indexes and the exchange trade funds, the s&p 500 which

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smugglers. the flip side this is just the biden administration arbitrarily and possibly illegally granting migrants access to the united states without a legal basis to do so in an effort to solve the p.r. problems with the bad border numbers every month. migrants don't care about the politics, they're happy to be here. listen to what they had to say. >> $24,000 for the three of us including my daughter is what the coyotes wanted to charge us. with the app, i paid five mexican pesos to get a cross and a huge relief. >> follow the steps that we took. have patience. make sure you go to the cbp1 app. that's how you can get here. it is for everybody. have patience and faith in god. >> elsewhere along the border another series of major fentanyl busts in arizona. cbp officers at the port of entry making three busts in a

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♪ entresto is the #1 heart failure brand prescribed by cardiologists. it was proven superior at helping people stay alive and out of the hospital. don't take entresto if pregnant; it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren, or if you've had angioedema with an ace or arb. the most serious side effects are angioedema, low blood pressure, kidney problems, or high blood potassium. ask your doctor about entresto.

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>> bill: another reason to hate tiktok. another reason. >> dana: i'm not saying i love tiktok. >> i'm not saying i love tiktok, either. an example of what can go hideously awry. >> dana: i see dog videos. not how to steal a car. >> bill: markets are open. check out wall street. market slightly higher on the last trading day of january. up 20 points at the open. investors saying don't get used to it. they predict stocks will sink and recession will hit the u.s. later this year as americans delay retirement and fall behind on loans. pocket money on the side is being spent. larry kudlow former director of national economic counsel. good morning to you. i want to present to findings to you and let you rip on this, okay? capital one has set aside a billion dollars to cover potential loan losses. that's up 33% for capitol one.

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