stuart: i'm going to comment on people and cars on sixth avenue. lauren: you have to get used to it. people are opening up. the rainstorm last night. stuart: that is the way it works. good morning. 10:00 eastern to the money. modest gains, nasdaq is up 17. the 4% level exactly 4% as we speak, not much going on, looking at $73 a barrel but bitcoin has come back down to $44,000 a coin. any minute now house republicans hold the first

impeachment hearing against homeland security secretary mayorkas. we bring the latest headlines as they come in and now this. today, 4000 students at a new york city high school stay home and do their schoolwork remotely. their school has been taken over by 2,000 migrants whose attend encampment was endangered by last night's big storm. local people are outraged kids go back to less than satisfactory zoom school, they went in person education but can't get it because of the open border and the migrants. they get free healthcare, locals pay for groceries, migrants get free food. you can understand the frustration here, you will see the same frustration across the country because this administration will not stop the flow. they get any money extra for the border they make the entry process easier. i would like to hear from aoc who represents part of the city

that has been a fierce supporter of sanctuary cities. where is she now? chuck schumer, did they take any responsibility for the open border and what it is doing to the city? new york is a democrat town and democrat state. the uproar of the migrant surgeon, they are being dumped in working-class neighborhoods among the people who put democrats in power. parents of 4,000 students have to arrange childcare on short notice and have a supervisory remote learning, they only got one day's notice, they are the ones paying the price for the democrats open border and they are not happy. second hour of varney just getting started. liz peek with us on wednesday morning. they are prioritizing migrants over children's education. i don't think it is working.

liz: american parent an american residents, towns and cities are being disrupted. i heard about a town of 15,000 people in wisconsin, they just busted 1000 migrants. imagine that ratio, everything is turned upside down. democrats cities are hurting, this is hurting the country. it has now become the number to issue for voters after the economy. it is in terms of voting the number one issue. stuart: it's an issue. liz: everyone remembers trump made an issue of this border, he solved it and biden incredibly in his first act as president undid everything that secured the border. almost in a manageable. thank you for calling out kiersten jell-o brand and chuck schumer. they might be looking at eric adams who did complain about it and the next thing he's being

investigated by the fbi. stuart: we made a big deal after the school in new york, a national, same thing happening all over the place in wisconsin. the 15,000 population. liz: do we know if the school in brooklyn opens in half an hour? make sure the tents are okay. the kids aren't getting teachers today. you have to request a teacher apparently. it is crazy. stuart: the system is broken down. you have a new op-ed about lloyd austin and the lack of transparency. got it, read it, should he be fired? liz: the reason i don't want to fire him is people in the white house, jake sullivan, antony blinken, who i think are running the pentagon are worse this is an unbelievable dereliction of duty on the part of lloyd austin. it surprises me no one is asking why, why did he do this?

this is another very guy his entire life, rules and regulations and chain of command. all of a sudden he breaks every known protocol, in my view, there's a history of a rift between national security apparatus in the white house and the pentagon. when we had the pull out of afghanistan, the white house tended to blame the military. the military went before congress under oath and said it wasn't us. it was the white house security team that did this and there have been other instances where i think you have lack of trust. i'm surprised this hasn't come out because i think it is true. stuart: there's going to be an investigation. liz: and there should be. the other things it's not being talked about, kathleen hicks is an academic, not a veteran, who has served in several positions

in the pentagon but on new year's eve, we took out houthi boats that were attacking our ships. is she the one who should have been directing that. what our service people got killed and there was a national security meeting, it wouldn't have happened. this is an outrage. stuart: amateur hour at the white house, thanks, see you soon. a co-defendant in donald trump's election interference case in georgia is looking to disqualify fulton county district attorney. on what grounds? lauren: a codefendant accuses the da of having a romantic relationship with the special prosecutor, nathan wade. she appointed him to take the case and many said, really not qualified to do this so now both are accused without proof i might add of having a relationship on the taxpayers dime because they are going on vacation together. can this accusation in the

trump interference case knocko case off the rails? many legal minds are saying no, but it does seem to delegitimize this space in the public square. i want to point out this is a state case, georgia election interference case. of trump is proven guilty he cannot pardon himself. the governor, the republican governor of georgia can't either. that is why this case is different. stuart: revelation about fulton county district attorney and got all of it too. i want to get back to the market. david is a political kind of guy got a political question. does wall street once -- you are on. does wall street want biden to win? he's a big spender and wall street loves big spenders. >> my view is wall street is soured on big spenders.

i am a diehard republican conservative but we had four big spenders in a row. two republicans, two democrats. i think wall street knows big government spending is not stimulative to growth. the fact of the matter all this debt is putting downward pressure on economic growth. i don't think wall street likes the big spending anymore at all. stuart: question about california's wealth tax. there's a proposal to introduce a wealth tax in california. you are a california guy. it would tax everybody with a high net worth annually, take your money offer you before you made a profit. what do you say to that? >> i have become a new york guy and new york is more favorable for taxes than california. the wealth taxes terrible idea, europe tried and 15 countries

got rid of it. they leave the state, they leave the jurisdiction and start most allocating resources that are distorted with their portfolios. hire accountants and lawyers, wealth tax doesn't work. stuart: before we close, the dividend pick, what do you pay? how do you like it? >> the few stocks that are down. $145, $185, granted back during covid, it has come liar but it is a 2.4% dividend. every year for 50 years and chevron bought noble on the cheap.

last year they added to the portfolio. in the permian basin, chevron will be value stock. stuart: chevron 4% plus dividend. lauren is back looking at the movers. meta, there's a strong gain. 3%. lauren: two year high, raising the price target of the highest on the street, $470 at 367 now. this is quite an increase. they say what's apps could increase the revenue base by 1/3 by using ai. stuart: hunter biden is speaking on capitol hill. i want to listen in. >> involving your dad and your business. all right, so that is it.

stuart: i wish we could have found out what he said before he went behind those doors, and that is a factor. >> alondra mayorkas. and mayorkas's failures are not impeachable. we will respond to that. the fox fight team captured migrants on top of large shipping contenders. and casey steagall has the latest from eagle pass, texas, next. trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with tailored education.

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stuart: another day and another group of migrants climbing on shipping containers in the rio grande. casey steagall, has the flow slowed? >> reporter: historically the new year generally starts off being a little slower when it comes to illegal crossings. we have experienced that the last several days but i want to show video the shipping container incidents. somehow they managed it to climb up the shipping containers, pretty tall along the riverfront, the national guard assisted them before turning them over to border patrol, we are talking 10 or 15 migrants but we know that adds

up. despite january numbers being down, texas dps tells us compared to last january encounters in this spot are up roughly 4% despite things being slower. they are always temporary and can restart at a given time. >> it may seem slow but we've seen that before. we see slow months and a surge that continues to pick up but we are dealing with human smuggling and criminals trying to come across the border. >> over in the rio grande valley sector. 473 migrants. the figure was awfully 1400, the weekend before that was

right before christmas, 2400 according to that sector's border patrol chief so we have seen the numbers gradually taker when compared to last january, 4% in eagle pass. adam: very much, the governor of texas has sent one hundred thousand migrants to sanctuary cities all across america. the national border control council. with texas busing these people out, are the border towns getting some relief? >> they are getting relief but it is bringing more awareness, there is a problem. a lot of individuals coming from the southern border going to different areas throughout the united states. this continues to prove there's

a problem and sanctuary cities said we will welcome them. once they are hit with the reality of it, they complain about it, they say thing, and the politicians protecting nations borders and they should be pointing the finger at the biden administration because they caused this mess. stuart: i want an idea what happens at the border. suppose we have an asylum-seekers are, take them into custody by border patrol people, they get more details and he is out. is that how it works? everybody pledges asylum, walks in and walks out. is that it? >> that is the way it is working. a lot of these individuals, they have to do with drug

cartels and they don't care as long as they are getting money. what is happening now aside from individuals, getting released, and military aged men, countries of special interest, they have connections with terrorist ties coming through our borders. the cartels and bringing them through releasing them into the united states. if they don't have a criminal record within the database that is being checked, they will get released. many of them waiting for their asylum court date four or five years from now. we know they are not going to show. the probability is slim to none. bigger picture than individuals coming across, immigrants getting released, who is it that is coming across? who is getting released?

that is what people need to talk about. stuart: if he's impeached and removed from office will it make any difference at all? >> it makes a huge difference because there has to be accountability, the american public has to know the truth. stuart: they will get somebody else doing the same thing. >> you need to have somebody that sits there, you have to ask them the right questions, the american public deserves to know the truth and what the leadership, what he's doing. stuart: lawmakers in a chicago suburb want to limit the number of migrants pouring into their town. what is the suburb doing? ashley: it' s a welcoming

community but draws the line when it comes to busloads of migrants being dropped off. local leaders improved an ordinance that bans bus operators from stopping and dropping off migrants in the village saying basically they don't have the resources to support new arrivals. we here at time and again. the latest municipality to address the migrant crisis, 14 other communities have gone ahead with bans or regulations on migrant buses. this was interesting. asylum-seekers in new york city, 5 vehicles they were using were towed from a 10 shelter in brooklyn, as they were hauled away, migrants receive confronting authorities, local lawmaker posting the scene asking what we want to ask how migrants received free shelter, free clothing are able to purchase a vehicle.

nuts, completely nuts. stuart: totally, moving on. hunter biden is sitting on the house oversight committee hearing. congresswoman nancy mace has called for hunter to be arrested right here right now, saying hunter is not above the law, referencing a taylor swift lyric telling hunter you play stupid games, you win stupid prizes. we will bring you more as the headlines role in, there you go. let's check the markets. we are an hour into the trading session across the board. a little bit of green. coming up a software company laid off 10% of its staff? why? artificial intelligence. we have that story. gop leaders have endorsed donald trump's presidential bid, some republicans like congress and chip roy say they are making rash decisions based on polling numbers. richardson joins us after this.

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stuart: there is a reason you are not seeing that much price movement for stocks. tomorrow we have he numbers of inflation. they come out early tomorrow morning and will move the market. not much market movement. we don't know when it will close this afternoon. lauren is with us. lauren: they raised their dividend to $2 a share, increase their buyback program by $5 billion, lennar shares 3. 5%, taking other homebuilders with him. stuart: what about z--zillow? lauren: stock has priced in a steady recovery in housing for this year, record low home affordability. things are so expensive even if rates come down a bit home prices are not. stuart: we've got hunter biden speaking.

>> our first five offers, they offered a subpoena for behind closed doors deposition. ataxic the republicans have repeatedly misused in their political crusade, to selectively mischaracterize what witnesses have said. last fall, there was an explicit offer. people like -- the option to attend a deposition or public hearing get, whichever they chose, hunter chose a hearing where republicans could not distort to manipulate or miss lowe's -- misused that testimony. and then ignoring that invitation and proving once again they care little about

truth and want only to, quote, move the needle of political support which chairman comeer said was his true purpose. the republican chairs are commandeering an unprecedented resolution to hold someone in contempt to has offered to publicly answer all their proper questions. what are they afraid of? stuart: hunter biden went into the contempt hearing good, then walked out. his lawyer made a statement about why he walked out and what the republicans were trying to do to him. there is a roar there. marjorie taylor greene in the hearing room shouted out that he should be arrested here and now. we will bring you up-to-date on the uproar in just a moment.

the administration just announced what they think is a huge victory for gig workers. a new rule will make it harder for people to classify as independent workers, forcing them to become regular employees. first of all under this new rule, who is now considered a worker? >> anyone who is economically dependent on a company. basically 100% of gig economy workers could theoretically be classified as that and the administration had a clear ideological ax to grind. i don't think the gig economy pays great, companies that as is our hemorrhaging tens of billions of dollars, can't afford gig employees. stuart: would this take away my ability to be a gig worker? if i want to work 30 hours a

week as an uber driver does this stop me doing that? >> perfectly and acted. it is a small percentage of income in a perfect world it wouldn't, but can we trust the administration to enforce the policy? you can't judge a policy by stated goal, what is the maximum allowable authority it gives the government? stuart: one saving grace, if you are some forced to become a worker as opposed to a gig worker you've been in a position to get health insurance or unemployment benefits. >> a lot of gig people say the flex ability is among reasoning, theoretically, i got my start as a gig worker. stuart: is that what you do? >> when i started writing, i was a contract employee, never a formal employee anywhere and i use that as jumping off. stuart: another one for you.

every single jobs report the last year was revised, every single one of them. that is misleading, isn't it? >> i've seen coincidences on the black jack cable. it plays into no one believes the administration's narrative on economics, they claim inflation is 20% cumulatively since biden took office and if inflation was only -- i would be richer today, feels like 40% or 50%. no one is buying the job numbers. one in 6, i wonder what else. stuart: that's a hard word to use. >> revised downward. stuart: is there a reason for this? a conspiracy going on? >> i don't want to declare there is one but i would not put it past them.

it reminds me the biden administration's strategy to implement that knowing it will take a while to go through the courts and they implement and it gets struck down, same thing, throw out the illusion and when anyone notices, doesn't matter. stuart: reduce it a month later. thanks very much. donald trump's support among house republicans remains strong. all four gop leaders have endorsed him. richardson on capitol hill. is he seeing the same level of support in the senate? >> reporter: no but he picked up a significant endorsement, senator john barrasso of wyoming is number 3 and republican leadership over here. >> we need a strong house and senate and we need donald trump back in the white house and that is why tonight i am endorsing donald trump for president of the united states. >> mitch mcconnell who has been critical of trump has

repeatedly said he will support the eventual republican nominee, we don't expect him to make an endorsement anytime soon. senator john thune endorsed senator tim scott before scott dropped out of the race. the former president has steadily secured endorsements across the republican caucuses. 's loudest congressional gop critics have largely retired from the primaries, all house republicans leaders who back to his candidacy, senator tom cotton endorsed him with a week to go before the iowa caucuses. the two republican senators chuck grassley and joni ernst remains neutral. others criticized his role in the midterms and focused on the 2020 election of the party needs to move beyond trump. chip roy has endorsed florida governor ron desantis saying republicans are jumping on the trump bandwagon because he leads in the polls. >> we are in surge mode going up, donald trump is going down

and nikki haley is definitely cratering. >> reporter: governor kim reynolds out of the caucuses has endorsed ron desantis. stuart: thanks very much. hunter biden made a surprise appearance on capitol hill. he crashed his own contempt hearing. hillary vaughan just got some answers from hunter and will join us right after this.

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you've got to speak to hunter. what did you ask? >> i wanted to ask when he put president biden on speakerphone, during business dinners and business lunches with business partners if his dad, president biden, had no involvement in his business. he responded to me and said do you answer a phone when he calls? that was his response to my question and that is relevant because i tried to talk to mister biden on capitol hill and he has not answered one of my questions until now. he's willing to talk to the press here today at least to me but he isn't willing to answer lawmakers questions in a closed-door deposition and that's why he showed up today. house lawmakers are considering holding him in contempt for not showing up, if you remember he

came to capitol hill, he made a statement to the press, took no questions and left. democrats have argued he did show up, he did not ultimately d5 a subpoena and offered to publicly testify so they don't think he should be held in contempt. their argument is james comber gave him a choice, you can talk publicly in a hearing or talk privately behind closed doors. they say hunter biden chose to talk publicly so they are saying he should not be held in contempt for that but mr. biden is concerned enough about being held in contempt that he showed up at capitol hill today to observe some of this debate. stuart: i've got it. it is a complicated story but you got at it. check the markets. i see some green for the dow, beatty points, nasdaq is up 50. boeing is taking action to fix

the problems around the max jet. what exactly are they doing? ashley: it is revising the inspection after the panel blue out. the 739 max aircraft with a plug the door will remain grounded. the ntsb, the door blue out at its lab facility. boeing's revision, alaska and united, lose hardware on planes, the modified during pulmonary checks. boeing's ceo david calhoun says the company needs to acknowledge its mistake. watch this. >> acknowledging our mistake, we are going to approach 100% every step of the way.

ashley: i didn't specify what mistake he was referring to. they were pouring over information, that's a big admission saying it was our mistake. stuart: nasa is about to unveil a new supersonic aircraft. do you know if it is like the concorde? ashley: i think it is. the x 59. unlike previous aircraft the travel faster than the speed of sound, it is quieter, a big sonic boom. it is a gentle sonic thump. it is part of a mission to minimize cross-country travel time. currently it is band for

nonmilitary aircraft. the x 59 scheduled to take polite this year. once tested nasa plans to fly the aircraft over select us cities in 2026. to get from london to new york. stuart: i will take as i could. governor ron santos predicts he will do well in the iowa caucuses. fox news power rankings put him behind nikki haley as she surgeons in new hampshire. tonight, the fox news town hall with donald trump, martha mccallum co. moderating, she joins me next. ♪(song in french)♪

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stuart: modest gains, in business for one hour and 20 minutes. s&p up ten, nasdaq up 57. we have important inflation

numbers so you can expect in the market, moving the market significantly. the 10 year treasury, the number has become extremely important to the market, the stock market, bond market yield, 4.01%, the stock market hangs on every move. if it drop below 4% significantly, it would go about 4%, the nasdaq will not do very well. i would like to recap what we've been seeing on capitol hill. hunter biden made an appearance at his own contempt hearing. unexpected and unannounced, marjorie taylor greene is in the hearing, contempt of congress hearing, she was in the hearing, got to arrest this guy here and now.

biden walked out, saying the republicans were out to get him. maybe you concur with this, i think biden made his appearance because by -- we've got martha mccallum, good to see you, we saw hunter biden go into the contempt hearing, come out over the contempt hearing. why do you think hunter biden crashed his own contempt hearing? >> he did indeed to the drama on these appearances, he was expected to testify in a closed-door hearing but went to the senate side, stood on the sidewalk, conducted a many news conference and took off, then part of this hearing and prove

he's willing to show a pattern open hearing and when marjorie taylor greene started to have her five minutes, working on a documentary about his own story. we can only imagine this is concocted to provide more video but the last time when he spoke outside, said essentially what the white house would see less of hunter biden and more, would love to be a fly on the wall in the west wing right now, that's a huge distraction to the president, his presidential campaign, is a self-serving move by hunter biden. stuart: the coanchor of the fox town hall with donald trump, i've done something like this, the preparation is arduous. how are you preparing for trump tonight?

>> we have a busy week, we spoke with nikki haley, ron desantis, the front runner, donald trump on the stage. the goal is to give people in the audience an opportunity to ask questions they want to put to the former president and give him an opportunity to make his case. he hasn't done anything like this in quite some time so there are a lot of legal challenges while he is running this campaign. tomorrow he will be in new york to be part of this closing hearing, has an impressive schedule in terms of what he's packing in between campaigning, town halls and legal appearances. the combination has worked for him in the polls. he's in a very good pole position in iowa. stuart: he is demonstrating he has the energy of a 50-year-old.

he is 77 but doing this all over the country, taking part in a town hall, that demonstrates the man has energy. that is what you wants to do. >> great point and in juxtaposition to the president who makes not as many appearances, has done a couple significant speeches to kickoff his campaign. nancy pelosi saying he needed to step it up. i think all of this makes the case. stuart: we heard some protesters at the desantis town hall, how did you stop him making a big impact? >> thankfully we have good security, in the hall here, that will be the case tonight lose these things happen on the campaign trail. we see it out all the appearances candidates make. there's a lot of this, this group and shown up at a prior

desantis event. it was handled quickly and really well and i thought governor desantis was efficient, he kept going, answered the question and it was dispatched quickly. stuart: we will be watching donald trump and we will be there. we will watch at 3:00 this afternoon on fox news. will cane on a christian school in iowa arming its staff over fears of school shootings. cory mills on biden getting back lash, quietly working to get israel out of gaza. doctor marc siegel and the pentagon claiming secretary austin's surgery was elective. the 11:00 hour is next. ♪

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