maria: all right. final thoughts here, we are about half an hour away for the opening bell. check markets as we bin the earnings season on friday e and we get inflation today that out tomorrow and friday, final thoughts here. monica, real quick. >> yeah, no, it's going to be very interesting that voting starts in five days. maria: good point, iowa. >> the same kind of energy because there's no is suspense on either side. >> inflation is coming down, earnings are going up. i'm very happy with the markets. >> i've learned i should send a spam e-mail to the sec today. [laughter] maria: all right. monica crowley, adam johnson, joe borelli, thank you so much. we'll see you again right here tomorrow. "varney & company" takes it up. stu, take it away. stuart: good morning, everyone. something a little different, we're leading with the weather. it has upended new york's my grant crisis. here's the story.

last night a storm threatened the safe oi -- safety of an encampment, so 2,000 migrants were moved to a high school for safety. the nearly 4,000 students who attend that high school will shift to remote learning. people are furious. they're paying the price for biden's open border. how long does this stay a democrat city and state? good question. to the markets, and i'll start with bitcoin. chaos in cryptos tuesday. the sec was hacked. a false report was put out that a bitcoin etf had been aa provedded. bitcoin hit $48,000. the sec acknowledged it had been hacked, and the price came down. it's now at $45,157. stocks are little changed so far this morning. you've got big inflation numbers coming up tomorrow. that's weighing on the markets so to speak. a little bit of red ink for the dow, the s&p and the nasdaq. the 10-year treasury yield is right around 4%, it was the at 3.99% earlier, 3.99 now. the 32-year at -- 2-year at

4.34. no change for gas, no change for diesel. still at $3.94. all right. politics. just look at this poll. it shows nikki haley just 7 points behind trump in new hampshire. she's benefited from the strong support of new hampshire governor sununu. tuesday desantis did a town hall on fox. he said he wants to run against the president and would, quote, run him rag ad. the iowa caucuses are five days away. today the epa holds a hearing on california's ban on gas-powered cars by 2035. if that ban goes through, it'll become a national standard. tall evs, no gas cars in 11 years? that will be tough. the white house has launched a review of poet kohls for cabinet members. the defense secretary has prostate cancer, and he's been hospitalized for over a week. how come the president wasn't told that he had cancer until just yesterday?

on the show today, the buildup to trump's town hall. it is tonight. it's on fox, 9 p.m. eastern, and yes, we'll coffer the weather. one storm's gone, there is another one coming. wednesday, january the 10th, 2024. varney and company is about to begin. ♪ ♪ what happens next? ♪ i dare you to -- stuart: what happens next? is that the name of this song? what's this song called? oh, dare you to move. connected to the migrants? tenuous connection, i'd say. there's sixth avenue. not exactly busy, is it? now this, deadly storms batter parts of the country with tornadoes, flooding, snow all over the country. here in new york city, 2,000 the migrants were evacuated from a shelter and moved into a public school. lauren, that moving of the migrants to a public school,

that's a very big deal for biden's open border. lauren: he's hurting his own voters. stuart: sure is. lauren: the working class minorities that live in this brooklyn school destruct. 3500 students were told last night you're going to be learning from home today. their school is being repurposed to shelter 32,000 migrants the -- 2,000 migrants that had to be evacuated because of the rain. officials feared the tents wouldn't hold up, so they reoutfitted the school's gym with cots and other amenities just like that. new york city hall say, quote, the health and safety of migrants in our care is always a top priority. to be clear, this relocation is a proactive measure being taken out of an abundance of caution to insure the safety and well-being of individuals working and living at the center. so they lined up the school buses to pick up the migrants and the police cars to make sure everything went smoothly on the taxpayers' dime. it did run smoothly. the kids were forced to stay at

home today, open the laptop and learn from their kitchen tableses. stuart: what about childcare? if. lauren: students in that area, 63%, are from economically disadvantaged families. they don't have fannies. 52% -- nannies, and the taxpayer cost per student is over $45,000. parents in that area are saying this is a litmus test. if this goes smoothly, they're going to keep these kids in our kids' gymnasium indefinitely. stuart: the locals are absolutely furious about this because they put migrants ahead of students. lauren: why a school? was there anywhere else they could put them? stuart: at short notice, maybe not. i can understand the circumstances, but they've made that a purity. sean duffy's with me now. migrants are being chosen over students? and that's ooh true all across the country, by the way. >> of course, stuart. and we saw the devastating impacts of the school closures over covid. we had loss learning with kids,

and now to say we're winning to go back to that scenario where we send kids home, we know they don't do as well, they're not going to catch up on that lost learning, they're going to fall further behind. and that makes sense to us because our ideology is so strong that we believe we should be a sanctuary city and put migrants ahead of our own minority if kids, our economically challenged families. we want to put the migrants ahead of them? listen, this is outrageous. the thing is, stuart, you don't have a change in the voting patterns, who these constituents are going to support. they keep voting for the same liberal policies, same liberal politicians, and they keep getting the same results. when do people wake up and go if you want to have different results, people that will put me and my family and my child first, i need different can leadership maybe from a different party? if that hasn't happened yet, i think it has to get a lot worse before that electoral change and challenge happens. stuart: donald trump said what have you got to lose? [laughter] that's a good question.

let me change the subject a little bit here. fox hosted a town hall last night with governor desantis. he says he is excited to run are against biden. roll tape. >> this guy is a few fries short of a happy meal. that's just the reality, okay? and i see that, most americans see that. so what are the democrats going to do going forward? i can tell you i would love to run against biden. i'm not going to let him hang out in his basing. we would run him rag ragged around this country. i would love to be able to hold him accountable for his policies. stuart: sean tough my, do you think desantis moved the needle last night? >> first, i didn't watch the debate because i was hosting with the the bottom line" on fox business at the same time, so i caught parts of it, not all of it, just to be clear. great show, you should check it out on fox business. listen, he did move the needle. what's changing, how do you upset the apple cart in

politics? i think nick nikki haley has done it, you mentioned this in the intro to the show, in new hampshire that might have moved the needle. she's spent 2 to 1 in money in iowa. that can move the needle. ron desantis really hasn't upset the apple cart. what's he doing differently to change what the poll numbers were three months ago, sick months ago, eight months ago? not much. i don't think ron is going to make up ground. i do think the one challenger to trump, if there is, but if we're going to go out on a limb and say there could be one, i'd say it's nikki haley as opposed to ron desantis. by the way, i would take ron desantis every today of the week, but the voters are saying, you know what? we're going to give the money and endorsements to haley as the counterweight to ron desantis. stuart: we'll be watching you on "the bottom line," 6 p.m. eastern here on fox business. thank you, sean.

the xec's -- sec's, and account was hacked yesterday -- x account was hacked yesterday. what happened? lauren: the account wasn't breached, that's what the sec came out and said. the account was beeched, i'm sorry. the agency said someone came n got into our systems, wrote that message. it's not true. they deleted the post, and they corrected the record. in the process, the the price of bitcoin went up to almost $48,000 before falling back to about $44,000. it was of a high volume, boomerang event, and it's an embarrassing black eye for the agency that's tasked with insuring the security of your investments. so as i said, it turns out an unidentified person got into the account of the sec with a phone number, the x account. they don't have this two-factor authentication set up, which is also troubling. i think there's going to be congressional hearings about all of this. stuart: okay. but the price is down to

$44,000, and it spikes to 48. lauren: imagine if a company had that happen, what the sec would do? stuart: check planters, please -- markets, please? where are we? minor leagues red ink on the left-hand side of your screen. eddie ghabour with me now. i know you're putting some cash back into the market. did you buy nvidia or a company related to nvidia? >> so we did add semises for our tactical portfolioings. nvidia, as you mentioned, is probably now with apple's weak b, i would say nvidia's probably the most important stock in the market to be following. it had a big breakout on monday, and a lot of times when you see this, that momentum continues upward. so we wanted to have a piece of that semi for our clients -- stuart: what did you buy? which stock did you buy that is related to nvidia? >> the semiconductor, smh etf. that is the etf that we

purchased. stuart okay, smh etf, that is linked to nvidia. okay. what else did you buy? >> we bought small caps on friday. they were down about 5.5%. we felt that was a pretty good short-term entry point. we also added to mid caps starting our positions and and our game with plan. we think this quarter's going to be the pretty treacherous, so we're slowly putting cash to work in these areas, and we also alsod to our theme of income. added to our theme of income. yielding over 8% for clients, so we're building out the income side of the portfolio and slowly adding risk. and we will keep buying lower as we see twists and turns. i mean, look, we get inflation data tomorrow, other entry points to get in. but we've got to be patient because because we still have to respect the risks and headwinds. but we do think the theme again is going to be the back half of this year, could be pretty darn good based on the entry points we think we're going to get.

stuart: okay. we shall wait and see. eddie ghabour, talk to you real soon. coming up, texas just hit a major milestone. the governor has sent 100,000 migrants to sanctuary cities across the country. governor ab abbott says he's not going to sop now. we're learning more about a defense secretary lode austin's -- rohde austin's -- lloyd austin's hospital stint. florida congressman michael waltz joins us next. ♪ you can't buy great conversations or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence.

you know what's interesting these days?

bitcoin. look for bitwise, my friends. get over here kids. time for today's lesson. wow. -whoa. what are those? these are humans. they rely on something called the internet to survive.

huh, powers out. [ gasp ] are they gonna to die? worse, they are gonna get bored. [ gasp ] wait look! they figured out a way to keep the internet on. yeah! -nature finds a way. [ grunt ] stay connected when the power goes out, with storm ready wifi from xfinity. and see migration in theaters now. here's why you should switch fo to duckduckgo on all your devie duckduckgo comes with a built-n engine like google, but it's pi and doesn't spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. and there's no catch. it's fre. we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your devices today. stuart: 14 minutes to the opening bell, virtually no change in stock prices in the early going. dow's down 3, s&p's up a quarter

point. nasdaq's down 1.25. points, that is. biden's cabinet facing new criticism over transparency. alejandro mayorkas' mixed messages on the border, lloyd austin's secret hospital stay. edward lawrence at the white house for us. edward, what's biden doing about all of this? >> reporter: we would love to ask him, stu, but we haven't seen the president publicly since monday when he had a speech in south carolina. so where are they, and does the president know what the cabinet is doing? the president's last full cabinet meeting of the full presidential cabinet was on october 2nd. this is video from that meeting. now questions linger. the last cabinet meeting was three months ago, so does the president know where his cabinet members are is and what they're doing? >> the president is in regular touch, and not just the president, obviously, there are folks here whether it's the office of cabinet affairs, other folks here in the white house that is in regular touch with,

certainly, leaders of these, the different cabinets on a regular basis. >> reporter: but the fact is the white house and the senate did not know where the defense secretary was from january 19th-january 4th -- january 19th-january 4th, did not know the secretary had a cancer diagnosis and elected to do surgery. >> listen, this does strain the credulity. we were told this was the an elective procedure and that the secretary went in for this elective procedure. now, i wouldn't view prostate cancer surgery as a simple elective procedure. >> reporter: members of congress worried about the credibility there, secretary mayorkas, another cabinet member, is facing impeachment in the house. and now the white house circling those communication wagons, stu. stuart: thanks, edward. congressman mike waltz, republican from the state of florida, joins me now. sir, do you think defense

secretary austin should be fired? >> well, stu, let me tell you this, 27 years of military experience, and from a platoon leader to the head of the strategic bomber command, to the head of the pacific fleet, if they disappeared for a week with, didn't tell their superior officer, didn't tell their deputy to assume those critical duties, i guarantee you austin would have fired them because it's so basic and fundamental to the military chain of command. so i think he should hold himself to the same standard. and resign. but, stu, if biden didn't fire him after the afghanistan debacle, i don't expect to see any level of account9. but apparently -- accountability. but apparently he does need to take attendance at his cabinet meetings. stuart: it's highly unusual for a man of his experience to decide not to inform his superiors. i can't imagine a reason for that -- >> and not just -- stuart: what reason could he have? >> and to lie to his

subordinates, the number three official in the pentagon was told that he was going to work from home that week. so it's not just not informing, it's actually misinforming. it's dereliction of duty, and i'll tell you, if an icbm is raunched from an -- launched from an adversary, we have 15 minutes to get the secretary of defense, the generals on the line to make a recommendation to the commander in chief of how to respond. chinese hypersonics cut that timeline even tighter. so it's just unacceptable. stuart: and if i may add one comment, it look like amateur hour in the white house, and that's not acceptable at all. moving on. you're on the house oversight committee, the chair, james comer, just released a resolution holding hunter biden in contempt of congress after he skipped his deposition. congressman, is hunter protecting his dad? >> well, that's one of the many things we want to find out. but i'll just, i'll just quote the ranking democrat, jamie raskin, who in 2022 said if

subpoenaed, you show up and assert any privilege if you think applies to specific questions, but you can't just blow off the proceeding. i know this is going to come up today. steve bannon, who was referred to the justice department along with navarro and prosecuted, agreed to testify pluckily, and jamie raskin -- publicly, and jamie raskin said, no, you have to go behind closed door. and, oh, by the way, in terms of precedent, don jr. came and showed up behind closed doors five different times for three different democrat-led committees. so what's good for the goose is good for the gander, and we'll see when he, when hunter is referred to the department of justice, will, will garland then uphold a fair application of the law and prosecute him just as he did two years ago in prosecuting ban nonand navarro? if we'll see. if. stuart: so the question should be reversed, will biden's justice department protect the president's son, hunter biden.

i asked the question the wrong way around. that's the way it should be. >> well, that's the question we're going to put before 'em next week. stuart: always a pleasure when you're on the show. you make things clear. thank you very much sister joining us. -- for joining us. see you again soon. >> the thank, stu. stuart: the hunter biden's art dealer, of all people, is talking about just who bought hunter's art. what's he saying? is he contradicting what the white house said about this previously? lauren: 100%. george burr guess testified he never worked with the white house on an ethics deal regarding hunter biden's work. in fact, he said the buyers were not anonymous, hunter knew 70% of them. most were democratic donors including the hollywood attorney, kevin morris. he actually bankrolled hunter biden's living expenses, paid his taxes. he turned out to be not only a friend, but the biggest pay e terror of hunter's art. stuart: that just ain't right, is it?

lauren: sounds fishy. stuart: check those futures, hardly any movement in stock prices in the early going this wednesday morning, but we'll take you to the opening bell, nonetheless, next. ♪ -- call me crazy. ♪ don't lie, you got it all figured out audiocassette. ♪ that smile has got me spinning around ♪ trading at schwab is now powered by ameritrade, unlocking the power of thinkorswim, the award-winning trading platforms. bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies.

tailor the platforms to your unique needs with nearly endless customization. and track market trends with up-to-the-minute news and insights. trade brilliantly with schwab. ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ jardiance ♪ ♪ it's a little pill with a big story to tell. ♪ ♪ i take once-daily jardiance, ♪ ♪ at each day's staaart. ♪ ♪ as time went on it was easy to seee. ♪ ♪ i'm lowering my a1c. ♪ jardiance works 24/7 in your body to flush out some sugar! and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. jardiance may cause serious side effects including ketoacidosis that may be fatal, dehydration, that can lead to sudden worsening of kidney function, and genital yeast or urinary tract infections. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop taking jardiance and call your doctor right away if you have symptoms of this infection,

ketoacidosis, or an allergic reaction, and don't take it if you're on dialysis. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. ♪ jardiance is really swell, ♪ ♪ the little pill with a big story to tell. ♪

stuart: premarket the dow is up 1, s&p up 11, nasdaq up 7. not much movement. shah ghailani's with us. i always think of you as the king of dip buying, and when you come on the show, you often buy a dip in a major league stock, a big magnificent 7 stock. but today i know you brought two small cap stocks that you're very interested in. ing first of all, p if angea -- pang can ea. what is it and why do you like it so much? >> stuart, pangaea logistics solution is a small cap sea borne drive bulk lo gist ecs provider doing very well. it's got a 5.13% dividend yield

on it. it's profitable. i hike the space it's in, i like the small caps. we bought that back many november. we're already nicely up in that. i think there's a lot of room to the upside. that's a great new position for us, very keen on that. stuart: okay. then you've got applied digital. i don't know what they do. tell me. >> applied digital corp. is, blend -- again, another small cap we bought back in november, done exceptionally well with that. it's a small data center company that provides a.i. shroud collusions -- cloud solutions, i think it could turn profit if bl. we certainly like the space that they're in, and we think there's a lot of room for the small caps to go. stuart: are you deliberately not moving out of the magnificent 7 but not putting much more money in? >> looking for dips, stuart, to add to those great positions. we're feel holding -- still holding the positions. we've been out of apple, got out

of that around 181. looking to buy dips. apple, i think, has a good ways to go lower, and we're not keen on trying to buy yet. i think i want to see how low apple can go. but as far as microsoft, we still hold that. as far as adding to those types of positions, amazon, apple, google, all of them, yes, lower. i think we're going to see a bit of a dust-up here in january, and i think the first quarter's going to be a trader's market. so, again, i'm in buy the dip 340ed, for sure is, looking to buy quality company on dips. stuart what is a bust-up? your terms? what does that mean in. >> well, you know, looking back, stuart, november was absolutely fantastic. december was great. but if grow look back and, again, at the time, just going with the trend, we started to turn back up, so it's time to go back into stocks. but looking backward, looks like something of a short-covering rally, looked a little bit of fomo into december, and i think the market is scratching its

head, are we going to get rate cuts or not? the rally was largely based on the prospect of rate cuts turning the their narrative of higher for longer into rate cuts, and now we're not so sure we're going to get a rate cut maybe until the second half of the year. those are the kind of dips i'm talking about, 5, maybe 10% correction is certainly an opportunity, for sure. stuart: i can see people selling big tech stocks now, first two weeks in january, because you've paid the capital gains tax the in april of 20 a 25, so you've got a long delay before you have to a pay the tax, right? >> your right. and there's a lot of profits on the table. and investors aren't doing that. i think that's part of what we're seeing in 2024. we're seeing some profit taking here. and if we continue to see any kind of a slide, we may hit some stops, especially if we got in late, you might get stopped out. stuart: okay. a dust-up is coming, and you'll buy that dip. got it. shah ghailani, thanks a lot. he presses the button, the dow is open to the upside, only

just though. a very modest gain for the dow in the if very early going, up, what, 13 points, that's it. 1 is points. -- 11 points. that's virtually break even. the dow 30, an even split, pretty much so. ups and downs about half and half. there you go. s&p 500, where's that in the very, very early going on a wednesday morning? it's up all of 3 points. that's a fractional gain. the nasdaq composite, the same again, a fractional gain, up .13. all right, we always show you big tech. as soon as the market opens, this is what you show when we show you meta, amazon, microsoft, alphabet up. apple down. we're looking at initial stocks, walmart in the early going, are they using finish the question is, how are they using a a.i. for shopping? lauren: let's say you're throwing a super bowl party? if you can go on walmart, and you can type in super bowl watch party, and it'll automatically populate everything you might need for it, doritos, napkins,

table cloths, chicken wings, okay? it's that predict predictive nature. they're also using it to product looking at your pantry, your refrigerator, the items you might if run low on and need to reorder. so it would do it just like that. it is a big box retailer still, and it is the sponsor of the c everything ces app. -- ces app. walmart is sponsoring the app, and i just find that unexpected. stuart: yeah. lauren: every company's now ab a.i. company. stuart: walmarts' a technology company republican. amazon streaming unit with, i know it's called twitch, why are they laying off workers? lauren: gamers play and they watch gamers or play, okay? and amazon bought them nine years ago. they're still the unprofitable. okay? amazon bought your company, you have access to amazon's infrastructure, and you're still not making money nine years in with all that access? so now they're cutting workers again, 35% of staff.

it's 500 workers. last year they cut about 400 workers. this is also video games. remember yesterday we did the story about bruinty, the video game software worker -- unity -- was laying off a quarter of its work force. stuart: i keep thinking that a.i. is reducing employment in technology companies across the board. lauren: in everything. financial companies, you name it. stuart: yep. next case, hue let e packard. i know they're buying juniper network, paying $14 billion. this is a.i.-driven again, isn't it? lauren: juniper was up on this report, now confirmed. yeah, it's a.i. hp if e sells servers for data centers that house artificial intelligence. juniper makes the networking gear. this deal doubles hpe's networking business and accelerates innovation when it comes to a. i., also i think hpe is trying to take business away from the leader in networking which is cisco. stuart: right. and it's a natural fit, those two companies.

okay, next one, ceo of boeing, the 737 max mid-air blowup, what that ceo saying? lauren: dave calhoun, he made an emotional bid to win back customers' confidence. he was speaking to employees holding back tears. he said boeing will approach this blowout with 100% transparency, that every detail matters. he admitted error, apologized, and he said, look, incidents like these shake the airlines, quote, to the bone. he also said he has the utmost respect and confidence in the ntsb, which is investigating. stuart: all right. blackrock. i believe they're laying off workers. and the set question is, is it a.i. that's doing it? lauren: partially. blackrock is the largest asset manager, right? they had in 2022, what, $10 trillion under management? that went down last year to around $9 trillion. why in they made a bet on esg, and yet a.i. is being used by the industry. so you put it together, i don't

know, why are they cutting 600 workers now? 3% of their work force? it's a reshuffling. we could get more details on friday. stuart: seems like every day we have stories about big name companies laying off workers. usually technology or financial companies laying off workers. i have to think that a.i. is part of all of this. lauren: it's a slowing of the economy that, you know, all these companies pay these super high wages. now they have to scale back a little bit. and i do say a.i. will take our jobs to the next level. i do believe part of that is true. it's not to be fearful of artificial intelligence, but we are seeing it over and over again completely replace workers in all sorts of industries. stuart: yep. lauren: industries that you thought would be protected from this. stuart: show me etsy, please. i calls -- always i call them the chocolate sky people. it's down 1% -- lauren: town graded to neutral at goldman sachs. so that actually still --

[inaudible] if they just say infreighted, the growth -- inflated, the growth estimates are inflated. stuart: well, there you go. [laughter] take that. that's good from you. let's have a look at the big board. we moved higher. after, what, six minutes' worth of business, we're up 99, almost 100 points. who are the winners among the dow 30? put them on the screen, please. home depot, boeing, salesforce, microsoft, walmart. they're the winner. s&p 500, where are the winners there? this is an opportunity so we can show you lots of stocks and how they're moving. intuitive, lennar, palo alto, horton, home -- lauren: kb home reported this morning, so that could be why some of the home builders are up. stuart: yeah, i can see that. nasdaq, intuitive surgical, palo alto, nvidia at 539. lauren: new high. stuart: the i missed it again. the 10-year treasury yield, one of the most important numbers of the day, 2233-- 3.99%. the price of gold, $2,037.

hasn't moved much above -- it didn't really get to 21100, did it? -- 2100. bitcoin, all that kerfuffle over whether or not we're going to get the bitcoin etf, that upset the market yesterday. a false -- it was a false tweet, wasn't it? lauren: yeah. it got hacked. stuart: they put it out, false tweet on the etf, and away we go. it went to 48, now it's at $45,000 -- lauren: did you know that blackrock has one of the spot bitcoin etfs that's under approval bethe sec, and apparently theirs is the strongest etf234 maybe that's them trying to get a new revenue stream, all those billions of dollars pouring in from mainstream investors. stuart: bitcoin 45 grand, as of now. the price of oil, where are we? if $73 a barrel. not up that much. nat gas with all the symptom symptoms we've been storms we've been having, there you go. average a price of gasoline, it's, regular is $3.07, and

diesel, no change at -- we've got this kind of messed up. lauren: diesel is $3.99 -- 3.94. not natural gas. diesel, $3.94. [laughter] don't forget to send in your friday feedback, please. i know i, you know, i love to hear from you, and i can take the good, the bad and the ugly. bring it on. varney if viewers@fox.com. we'll take anything. scientists have just made a breakthrough for halz imear's. there are, apparently, five distinct types. that may explain why some drugs are in effective. -- in effective. the epa holding a hearing on california's 2035 electric vehicle mandate. that's essentially a ban on gas-powered cars. climate guy marc morano reacts to that next. ♪ if. ♪ ♪ -- over fast cars and freedom. ♪ that fehr-time -- first-time feeling ♪

♪ you were always so dedicated... ♪ we worked hard to build up the shop, save for college and our retirement. but we got there, thanks to our advisor and vanguard. now i see who all that hard work was for... it was always for you. seeing you carry on our legacy— i'm so proud. at vanguard, you're more than just an investor, you're an owner. setting up the future for the ones you love. that's the value of ownership. so... - we're engaged! - we're engaged! congrats carol! your youngest finally popped the question. but now, you're really going to have to get those new dentures. after all, you need a smile that matches the moment. so this might be a good time to mention that aspen dental

can create natural looking dentures in no time. just for you! and that comes with $0 down plus 0% interest if paid in full in 18 months. helping mothers of grooms look their best. it's one more way aspen dental is in your corner. managing your diabetes just got easier. the powerful, new dexcom g7 lets you see your numbers on your watch and phone without fingersticks. and, because you always know which way your glucose is headed, you can make better diabetes decisions. and all those little decisions can lead to big results, like more time in range and lower a1c. manage your diabetes with confidence with dexcom g7. the most accurate cgm. learn more at dexcom.com. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for

cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. ♪ (upbeat music) ♪ ( ♪ ) constant contact's advanced automation lets you send the right message at the right time, every time. ( ♪ ) constant contact. helping the small stand tall. when you walk up to the counter at the pharmacy and you have a new prescription, you don't know what it's going to cost. that's why i always recommend you check the singlecare app before you go to the counter. i found the cheaper price with singlecare! yes, you did. see. give it a try. go to singecare.com or download the free app today.

a force to be reckon with. no, not you saquon. hm? you! your business bank account with quickbooks money, now earns 5% apy. 5% apy? that's new! yup, that's how you business differently. (vo) sail through the heart of historic cities and unforgettable scenery with viking. unpack once and get closer to iconic landmarks, local life and cultural treasures. because when you experience europe on a viking longship, you'll spend less time getting there and more time being there. viking. exploring the world in comfort.

stuart: 12 minutes into the trading session on a wednesday morning, and the dow is up 100 points just like that. nasdaq's up 42. i think i'm seeing a very modest rally at least in the very early going. we've got this for you, honda teasing futuristic evs. what's so futuristic about 'em? if. lauren: they look completely different than anything we've seen on the road. kind of like out of a sci-fi movie. they're light and thin. spacious interior, or you know, you could look up at the sky through the glass roof and lounge seating, you can talk to people. stuart: is that it? lauren: yeah. it doesn't look that cool though. i mean, you've got that steer thing wheel, so it's not a circle wheel, it's more like two handles, and it apparently move back into the dashboard. you know, they say they were inspired by the formula one race cars, tear prodynamics of them,

but i don't think this is all too futuristic, if you ask me. it kind of sort of looks hike a tesla, in a way, except for that thing on the back, the red rectangle or square with the new h logo. the battery -- stuart: i think it's less futuristic looking than the cyber truck. lauren: 100%. stuart: thank you. i think we're in agreement this morning. lauren: i'll change that. [laughter] stuart: the environmental protection if agency will hold a hearing on california's ev mandate. that a mandate basically bans the sale of new gas cars by 2035. climate guy marc morano is with us this morning. a contrarian question. we hear that last year, 2023, was the hottest year ever on record. finish so what's wrong with banning gas-powered cars by 2035? [laughter] >> well, first of all, the hottest year on record is pretty much declared almost are every

year, every other year. it's based on hundredths or tenths of a degree can difference, many times welcome back the margin of error or the data set. and even the nasa global warming scientist said it's a political statement. it's meant to create fear, or meant to push politics like an ev ban. and if you were actually worried about climate change, the last thick you would think of as evs are the solution. it takes half a million pounds of materials including raw earth materials to make one average-sized tesla battery. evs dig the earth and not in a tbriewf i have, 1970s brady bunch way, stuart. i mean they dig the earth end deeply with emissions, with environmental standards, and we farm all of that out to the countries with the worst human rights and environmental standards, china and, of course, chinese-owned factories in africa where -- with underaged kids. even if you're concerned about global warming, evs aren't the answer. stuart if they accept california's mandate, that rapidly becomes a national mandate, doesn't it? it'll be adopted by with almost

all the other states almost inevitably. this country will ban gas cars by 2035. do you really see that happening? >> well, i see a major collision coming and a battle. i worked -- when i was in the united states senate environment public works committee as a staffer, not a senator, we dealt with this california waiver. the trump administration if dealt with it. it's back again. what this basically says is california's going to be granted the right to set federal vehicle transportation policy. that's what a this is. that's what the california waiver is in layman's terms, is we're going to let governor gavin newsom dictate the future of gas-powered cars. this has to be stopped. it's unlawful. we need to have consumers make choice. the whole idea i think was the honda ev concept. we should be excited about new technology, but instead people are, like, wait a minute, they're banning the competition. if these evs are so great, why do you ban the competition? same is true with solar if and wind. why do we restrict it, ration it in order to have the winner,

which is politically selected? and that's the bottom line, is consumer choice and what makes sense logically. and this doesn't make sense logically even when you look at it from a climate-obsessed way. stuart: related story. the administration has announced a $1 billion plan to provide green school buses to districts across the country. [laughter] o.k., you're laughing, so you don't think it's a good investment? >> well, i think even the corporate media like washington post which is run by jeff bezos which is pushing these kind of electric vehicles, they couldn't even spin this successfully. in the article that the washington post is promoting, they're talking about years of infrastructure to even power this green electric bus fleet. plus we have recent history. sweden had to shelf theirs because of cold we're, they weren't operating. philadelphia spent upwards of $20 the million plus, and their fleet disappeared due to

maintenance if issues. they're forcing the transition on the public, our infrastructure and our country that's just not ready. they haven't worked out even half the bugs yet. it's due to the inflation reduction act which will pump out billions of dollars in federal mandates, subsidies for decades into the future unlike obama's stimulus whichics peerew years. everything looks successful initially when you have all the start-ups, wow, look at these record profits, investors, green money coming in. it's because it's the illusion of prosperity from the government selecting these winners and losers. electric bus withs aren't going to do -- the only thing electric buses will do is make virtual learning come back for students as they won't be able to go back to school, and once the buses collapse the grid, virtual learning won't even happen because of the blackouts. stuart: you're painting a dark picture, marc morano. see you soon. [laughter] looks like biden may be taking more action against natural gas. what's he doing? lauren: reports over the weekend that white house officials met

to discuss how the administration can walk this tight rope between cutting fossil fuels and providing fossil fuels to europe during the war in ukraine as europe needs our natural gas request. so we are the largest e exporter of lng in the world. we have five export facilities and many more that are performed but not up and running -- permitted but not up and running. should the administration change any of these permitting rules? if it makes us difficult to supply our international partners. the greens would be satisfied, but our reliability on the world stage, to heck with that, right? if these are numbers from the american parole yum institute to kind of highlight -- petroleum institute to kind of highlight how bad this administration is for our energy security. in the administration, 330 days to review an lng permit. almost a year. trump, 49 days. stuart: tells the story, doesn't it? if. lauren: six times faster -- can or slower now. stuart: thanks, lauren. new york is a democrat town and

state. the uperer over the my grant surge here, that may change that. that's my take, top of the hour. record-breaking low temperatures could dampen turnout at next week's iowa caucuses. who does that help, who does it hurt? if grady trimble braving the bad weather, the winter weather, i should say. he gives us our report next. ♪ ♪ (fisher investments) at fisher investments we may look like other money managers, but we're different. (other money manager) how so? (fisher investments) we're a fiduciary, obligated to act in our client'' best interest. (fisher investments) so we don't sell any commission-based products. (other money manager) then how do you make money? (fisher investments) we have a simple management fee, structured so we do better when our clients do better. (other money manager) your clients really come first then, huh? (fisher investments) yes. we make them a top priority, by getting to know their finances, family, health, lifestyle and more. (other money manager) wow, maybe we are different.

(fisher investments) at fisher investments, we're clearly different. in a rocky mountain setting? spanning over 280,000 acres, three forks ranch is the destination for luxury and adventure. enjoy private skiing with 23 runs for every level. kick back for intimate performances from the best in country music. enhance your wellness and longevity through our mayo clinic programs, or plan your meeting for a merable corporate retreat. discover the west kept secret. go to threeforksranch.com to book your luxury experience.

hi, i'm janice, and i lost 172 pounds on golo. when i was a teenager i had some severe trauma in my life and i turned to food for comfort. a friend told me that i was the only one holding me back from being as beautiful on the outside as i am the inside.

once i saw golo was working, i felt this rush, i just had to keep going. a lot of people think no pain no gain, but with golo it is so easy. when i look in the mirror, i don't even recognize myself. golo really works.

♪ if. ♪ if. stuart: iowa is dealing with a bout of bad weather, can and republican caucuses are just five days away. tradety trimble with us. he's in iowa right now. is this weather going to stick around through the caucuses and hurt vote or turnout? >> reporter: maybe not the snow like we saw yesterday, stu, but temperatures are forecast of possibly not even getting above 0 degrees on caucus day which would make it one of the coldest caucus days in decades, if not ever. if story this week -- the story this week has been the first major snowstorm of the stop sign. the out candidates are trying to make their final push, but they've had to cancel events

because of the snow. they seem to be back on track though. there is more snow in the forecast, i should point out. focus ifing in on monday specifically, most caucus-goers say they'll show up no matter the weather with, but they're worried about others. >> it's indoors. we're iowans. we'll be there. >> i definitely think it will impact people that are not passionate about their candidate. >> we came here, didn't we? it can't get any worse than this. >> if it's like today, that could be a problem. >> reporter: so if the weather does affect turnout, the question becomes which candidate, if any, does that help? >> trump has been smart in over the last week or so saying, listen, we can't take anything for granted. think the weather does help the hard core supporters of trump because you know they're coming out no matter what. if. >> reporter: and, stu, questioned you asked me the temperature, i did not look before my report, and i didn't

have an answer. today i made it a point to. at last check, 19 degrees here in des moines and falling as we get closer to caucus day on monday. stuart: you get all the plum assignments, don't you in. [laughter] that's good stuff, man. really plum. thank you, grady, for sticking it out. we appreciate it. see you soon. check those markets. 25 minutes in, dow's up 50. modest gains, minor gains for the s&p and the nasdaq. still ahead, the white house is standing behind the defense secretary. many people, though, are left wondering who's actually running the show. liz peek if on that. martha maccallum has, shea had a big week. she co-moderated a town hall with nikki haley, ron desantis and tonight will feature donald trump. he's sheer with a preview. in an effort to prevent attacks a private christian school in iowa will now have armed staff on campus. will cain, from texas, reacts to that. should israel get out of gaza? biden's pushing for it. i'll ask florida congressman

cory mills what he thinks. the 10:00 hour of "varney & company" is next. ♪ the band began to play and play. ♪ and we danced, like a wave on the ocean romance ♪ you can't buy great conversations .. but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. reliq health is a digital health company targeting the $100 billion virtual care market. reliq is rapidly growing with customers that include several of the largest and most highly rated health care organizations across the nation. reliq health technologies. at st. jude, the mission is just something that everyone can truly get behind. look at our little st. jude pin there on the fridge!

we're just regular people donating. yeah. and i think it's cool to be able to make a difference in someone's lives in a way that is meaningful.