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stuart: one of the great songs from the late great tom petty, american girl. i like that. >> i'm going to let you do your thing. stuart: thank you indeed. good morning. it is 10:00 eastern. go to the money please. the dow is down 60 points. the nasdaq nice again, big tech doing very well, nasdaq up almost one%. the 10 year treasury the yield is going up but the nasdaq still goes up, 411 on the 10 year. the price of oil 72, $73 a barrel, $72.93. bitcoin 42 and change last time we checked, 42-seven right now. that's the markets and now this.

what is going on? the president rarely appears in public and rarely holds news conferences but vice president harris boosts her public profile and appears before the very friendly media. suddenly she is addressing the issues, silent biden in paris. could this be a signal from the democrats that they know their guy is not going to be president for another five years so they are pumping up visibly and could ability of his vice president? that's a tough job. appearing on the view harris made a message, she blamed the republicans for the border crisis. that's nonsense and hurts her credit ability. she said she is scared as heck about a trump presidency. that's fear mongering. she said republicans pick on biden's age because they have nothing else to run on. that's a stretch. trump is running on his success in his first term, the board, the economy, energy independence etc. . finally, she framed the election as a split screen, one

side, competence, that's biden, the other, chaos, that's trump. i would suggest some of the chaos was caused by the media overcome with trump hatred. i'm still looking for any competence shown by biden. the president will make his first public appearance of the week. he is talking up bidenomics, if he answers any questions, very tightly controlled and his age will be careful about getting him on and off the stage. they know the aging process is speeding up, you can see the deterioration. that's why they are boosting harris's credibility but it is not going well. second hour of varney just getting started. rob: stuart: todd pyro with me for the hour. the number 2 in the world's most important government,

kamala harris says she's scared. >> rarely agree with all of your "my take"s on that one you knocked it out of the park, the only thing i would add is when she says she is scared of donald trump, scared of a trump presidency and scared of donald trump's voters, what do you think kim jong-un sees when she says she's scared of americans, they have to be looking their chops at a statement like that hoping and praying she is the nominee. if she can't notes that kind of weakness on the view imagine what she will do in a room with world leaders, that was a disastrous statement. stuart: listen to what the vice president had to say when asked about biden's age. >> let me address the issue directly because i spent a lot of time in the oval office and

the situation. we have a president in joe biden who is forward thinking in a way that we have not seen in a long time. they have nothing good to run on. they have nothing to run on. stuart: respond to that. >> age is just a number, when you match it with capacity and stamina the evidence is clear, president biden can't do the job another four minutes much less another four years. as for nothing to run on, i don't know, i think they are running well on crime, the economy, foreign policy and if you look at the result of iowa, seems likely american people trust republicans to do a better job on the border than the current administration. that's the republican playbook. the fact that she made that statement, two moronic statements on the view and tough to come out of the view looking like the more on. she did in that episode. stuart: that strong stuff. any comment?

lauren: it is very off-base, everything the biden/harris ticket is signaling for 2024. a lot of people ran away from trump after january 6th that now they are looking past all of that because we got the biden/harris administration at are willing to take another look and say none of this seems right. they keep attacking himenergy republicans. amedgy republic and are americans and they are saying this isn't working. this is not working. stuart: not a strategy i would go with. stay there. this i find extraordinary. thousands of school districts across the country are at risk of closing. low and roman. pandemic. lauren: 4400 schools across the nation have lost 20% or more of their students in the past four years. it's happening everywhere from la where it is happening the most, philadelphia,

albuquerque, tucson, everywhere. charter school enrollment way up and parents are spending money deciding to take their kids out of the public school may be because of the curriculum and put them in private schools. consequences, you see public schools close, you see classrooms emerged. often you get less state money coming in, fewer resources for social workers, music and art programs and the issue is brookings institute put out this report. these enrollment lawsuits, it doesn't just recover, they are expected to continue and accelerate for a decade. >> you see homeschool numbers increasing and that is bad for the economic reason because that takes the woman out of the workplace. i think it's a good thing for education. i think it helps those kids learn and get an education free from the crap they get in public schools but takes a person, usually the woman come out of the workforce and it is bad for the economy. but when asked ordinary number, 4400 schools close, that to me

is a real shock. back to the markets, looking at gary joining us now. i want to know what you have been buying and i think you bought microsoft, didn't you? >> i told you we bought a ton of nvidia breaking above 500, a big 6-month breakout, we bought microsoft as it moved out, amd as it moved out, double digits, nvidia and amd. already 7 days and facebook also up pretty good. this is where the money is flowing. it's flowing out of a lot of areas we are avoiding. advance decline figures on the market have been heading south. average stock not doing well. tech, software semiconductors, place to be until it stops. stuart: the place to be until it stops. any idea when it stops? >> absolutely no clue but we

are focused every day on how markets are reacting. taiwan semiconductor reports a 20% drop in earnings, 4% drop in sales but says everything will be better because of ai going forward. this we have this big open on all the semis and ai stocks. i hope it continues. no doubt there's going to be some big earnings but i think there's also going to be some contenders so stay focused. stuart: your style is to move in fairly quickly. >> my job is to find great growth leaders and hold them until they croak. if they can last for a year or two, doubling or tripling my money but right now you're in a market that is all over the map trading like crazy the last 2 or 3 years, which is tough to hold. you had a bunch of stocks dropped 50% to 80% 21 to 22 so

it is a tough road but a lot of hard work. if you focus on companies with the great demand, strong demand where people are lining up to buy something come a they are the ones who went out at the end of the day and we see that in ai right now and as i said, hopefully it continues which i keep my fingers crossed. stuart: we all do, good stuff, thanks, we will talk to you again later. lauren is here with stocks that are moving significantly. hurts is moving 7%. what's the story. lauren: i thought they had an easy problem, they do, but morgan stanley says they are taking, quote, decisive action to address self-inflicted challenges from its large ev fleet so they are shedding 1/3 of them. stuart: out of evs and to gasoline, stock goes up, how about that. discover financial, down 7%. lauren: they reported and their charge operate, the debt it right off as a loss double in the past year.

in the fourth quarter. stuart: we just heard from gary cal bombed the taiwan semiconductor profits are down, stock is up 6%. >> investors are still encouraged by ai and tsmc is a big supplier to nvidia. stuart: got that right. coming up. after four years the justice department finally admitted hunter biden's laptop content is legitimate. what took them so long, progressive congress when jamal bowman wants $14 trillion for reparations in the defendants of enslaved black people. where does that make him from? bowman says we should do it would. with covid, print the money. doesn't he remember the inflation that started when we printed a ton of money from covid. that's "my take," top of the hour. senator john thune wants a cap on how money migrants are paroled into this country. how do you place a when the it ministration doesn't have control of the border, the

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stuart: 10 year treasury yields up. the nasdaq, they usually go in opposite direction but nasdaq is up one hundred 36 points. it doesn't house democrats just backed a resolution to announce the democrat administration's open border policies. peter doocy in raleigh, north carolina. it looks like his own party, some of them are beginning to turn. >> reporter: exactly what happening at house democrats

have been so good at sticking together and preventing this kind of dissension within the ranks, but now 14 democrats signed on to this republican resolution even though it says this resolution was written to denounce the biden administration's open border policies. >> i think democrats need to own the fact that immigration is at a crisis level in this country. it's in manama an amount, crisis, humanitarian crisis. a national security emergency. we need to address it as such. the only way to do that is a bipartisan path forward. >> these democrats like them when you just are joining republicans, could undercut the white house's long-standing position that republicans are in the wrong on immigration because they have voted down president biden's immigration legislation.

>> why are you repeating, republicans voted to reduce the border patrol agents. >> our statements were very direct here, last year, house gop voted, not only did they vote for it but touted there limit save grow act that would have forced the elimination of 2000 border patrol agents. >> summit extraordinarily president biden still has not hosted any open events at the white house this whole year and it is 2024, and election year so we had to drive 4. 5 hours to raleigh last night where he plans to talk about bidenomics a few hours from now. blue one so you're going to be in front of him today, got it. i'm sure you will be asking are trying to ask probing questions, see you later. good luck, see you. senator john thune, republican from the great state of south dakota joins me now.

mr. senator, you are insisting on a on the number of migrants paroled into this country but how do you place a cap? do we need a wall or a larger workforce? how do we forsake? >> we need a wall, we need more border patrol agents, technological barriers, all of that. we have to close the southern border and this president showed no interest in it. paroled is important because if you get into the united states today illegally, you have a 95% chance of being released into the interior, 95%, people come across the border illegally, released into the united states this year, stuart:. 2 million people, the way they do that is by the abuse and unlawful use of parole authority. we got to shut down parole. you can't shut down the southern border and reduce incentives for people to come here illegally unless you deal with this issue of parole.

so that has got to be a part of any border security bill. stuart: this fight is going to go on for some time because the two sides are very far apart and as the fight goes on does that mean ukraine does not get the extra money that it needs? >> we can get ukraine and israel, national security interest across the globe right now in places where the us used to be involved, it starts on the southern border, got to defend the southern border, international security crisis and i think you can do that. i'm hopeful that we can come together on something that is real with serious border reforms and get operational control, when they are facing national security risks not only all over the world but in our backyard. we got to fix that and parole is part of it, there are other parts of it, asylum, expedited removal. those need to be addressed. it is coming together. i hope it is strong.

if it isn't, i'm guessing it won't draw the support we need but if it is, we should do everything we can to force the at ministration to do its job. stuart: speaker mike johnson says biden needs to show strength on the world stage. >> we need a commander in chief, the president of the united states, to show strength on the world stage. we can't continue with the current status quo. stuart: mr. senator. do foreigners respect us and to foreigners fear trump? >> i think they did. one of the things donald trump brought when he was in office, strategic ambiguity or whatever you call it, people of the world understood the us was strong and they respected that strength. one thing that temps are adversaries is not our strength, it's our weakness and what this administered in has projected from the time it withdrew from afghanistan to what is happening in ukraine to what is happening in the middle

east, those are all areas of the world where people are testing and tempting our strength and seeing if this president will stand up and do his job and what they are finding is that isn't the case which is why they push further and further. this administration has got to step up, if the world is going to respect the united states the united states is going to continue to project leadership across the planet and make sure the world is a safe place for freedom and democracy. we want thank you for appearing with us, always appreciate it. hope to see you again soon. biden's department of justice reviving hunter biden's laptop scandal. what exactly are they doing? ashley: the justice department confirming it took possession of a laptop from a computer shop. a new filing by david wise

shows increasingly antagonistic relationship between hunter biden's team and his father's justice department since they propose plea deals unraveled last summer. when some of the contents of the laptop's hard drive were reported by the new york post all the way back in 2020 biden and his supporters claimed it had the makings of a russian disinformation campaign and large social media companies suppressed or blocked access to the post's articles written on it. the new filing, special counsel says back in 2019 apple provided digital backup to hunter's data and the laptop just provided information investigators already had. interest in developing because hunter's lawyers never conceded the president's son never left the laptop behind. apparel he not true. of the one very hard to follow. san francisco cleaned up the streets for xi jinping's visit

in november. now one local journalist says the city is back to being a disaster and she's furious and is going to be on the show. the war in the middle east is widen, irani and attack pakistan, pakistan retaliated and the us launched more strikes against the houthis. the entire region destabilizing. what should our military strategy be? four times general jack keane on that next. 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. you can't buy great conversations or moments that matter, but you can invest in them.

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stuart: joke those markets, the dow is down 30 points but a nice gain for the nasdaq composite even though the yield on the 10-year treasury has gone up, nasdaq one hundred 40, lauren has the movers. i want to know about apple. it is up today, up 2%, nice gain. stuart: they scored their first upgrade of this young year. bank of america not worried about week iphone demand in china. they say ai features will boost iphone sales everywhere else on the back of strong ai demand, they are giving a $205 price target. stuart: spirit airlines isn't going very far. lauren: is down 15% today, almost 70% this week.

after the doj blocked the jetblue merger but shares continue to go up. why would they want spirit is when analysts are saying. it's a highly leveraged airline, got a downgrade today from citigroup, no surprise any group says selleck, street low price target of $4 for spirit. the point is who else will come out and put in a bid for spirit? jetblue got lucky, they should not appeal and walk away said citigroup. blue in spirit is down 14%. broken stock. lauren: they are down 8%. they are expensive. some are $200. stuart: rural people make a lot of fun of suburbanites who come out. stuart: lauren: guilty as charged. the first earnings results since they went public in october, costs are calling the. management said to be super super honest we underestimated the inflation affects.

that's amazing because you hardly ever see them on sale, they are over $100, sometimes more than $200 yet they worry about their margins. stuart: i look forward to seeing somebody dressed wearing birkenstocks. that's a contradiction in clothing styles. lauren: it's more popular in the city. i see a lot of people wearing it. stuart: the white house redesignated the houthis as a terrorist organization. there's a catch. they will be named specially designated global terrorists instead of a foreign terrorist organization. jillian turner at the state department. what's the difference? >> reporter: critics of president biden's foreign policy say there's a big difference here to answer your question. they are saying get the redesignation of the houthis under this new name is a slap on the wrist and is not going to deter them from continuing to strike us forces across the middle east like they been

doing for months now. they also say got a flag for you, most recently the houthis attacked us ship last night in the gulf of aden. republicans claim houthi terrorists will be able to apply for us visas and come into the country. listen. >> they won't desk at 8 them a foreign terrorist organization because this letter designation allows them, the houthis can migrate to this country which is absurd. >> reporter: donald trump declared the houthis a foreign terrorist organization. a label that was removed by the biden administration three years ago. the state department is renaming the houthis calling them specially designated global terrorists. yesterday when i asked matt miller in the briefing whether this was the case the houthis under this new designation might enter the united states

under visas he claims he would have to check and get back to us. take a listen. >> i don't think you should expect any houthi operative who applies for a visa will see that visa approved to say the least. >> reporter: president biden said what you call houthis and how you designate them doesn't matter. take a listen. >> president biden: it is irrelevant whether we put together group of nations and they continue to act and behave as they did, we will respond. >> reporter: the state department tells me this morning the, quote, this is about the process here. whenever an individual applies for us visa. a counselor often reviews the facts of the case and determines whether that applicant is eligible, they reiterated this claim, there is no chance that houthi operative

will get into the united states. that remains to be seen. stuart: okay. i understand that. thank you very much indeed. i'm trying to stop laughing. that was very good stuff. thank you very much. let's get really serious which retired 4-star general jack keane with me this morning. the irani and launched attacks in pakistan. pakistan retaliated with strikes inside iran, the us just launched more attacks on the houthis. the region is destabilized. which are military strategy be? >> it has to have national security objectives and foreign policy objectives, that's what military strategy supports. the biden administration needs to reset it. when you think about where we were at the beginning of this administration, we had maximum sanctions on the iranians, we had just taken down general celani which rocked the iranians. the amount of money they had economically, they were in the tank because of sanctions and

the arabs were doing the abraham accords with israel and moving together to stitch an alliance, coming together because of the threat of iran so the economic benefit was a secondary consideration. things were moving in the right direction which what happened the administration came in and reset the strategy. they pulled back on the sanctions that iran is now flush with oil money. it is absolutely absurd to do something like that. we made a major diplomatic effort to get back into the nuclear deal and that went nowhere and by and large we were appeasing that uranian's. you saw it, you talked about it on his show, we traded hostages for money and they are flush with oil money now and they are the center of gravity that's destabilizing the region. they have 7 proxies working there agenda, the most

difficult one is the war in gaza but we noted the others and you mentioned another one, the houthis, where's all that coming from? that is because iran's objectives are clear. that is dominate and control middle east, drive the united states military out of the middle east and destroy the state of israel by we can get politically. this is what is happening here but we have no strategy to deal with iran. we go out of our way not to talk about it much less have a strategy to deal with them. we of the one what do you think our strategy should be? >> we should stitch together strategy with the arabs and israelis. they know full well the center of gravity is iran and when it comes to them, we should match sanctions, get our european partners back into the game and slap a very hard with these sanctions. it will take time because north of 3.

$5 billion a day, barrels of oil, it will take time to get them back to 200,000 but we've got to start someplace and then we've got to recognize if we are going to stop the proxies from doing things it is not enough to take their capabilities down like we are doing with the houthis. i agree with destroying rockets, missiles, radar cut, and and control, that makes sense which also have to go after those directly and control. it was that? that the i rgc and we should take down their training centers, bases, headquarters and leaders and that's a fact. as long as we stay away from this, this is going to keep going on. why don't we do that? the administration, hitting iran directly, that will precipitate a war directly with iran. the history doesn't support that. they used the proxies because they don't want to fight with us and the reality is if they get in a war with us they will lose their regime so it's not going to escalate to a war. in my judgment.

and i think reagan proved that and so did trump prove that when they escalated, took actions directly against the iranians and now is a place we need to be. stuart: you know what you are talking about. always appreciate that. come back and see us soon. harvard university looking to smooth things over with silicon valley. what's the story? >> the apology tour is in full swing. harvard execs run the endowment torquing silicon valley in an effort to smooth relationships with top venture capital investors. they are upset at the adversity's response to the hamas attacks on israel. some of these invest money for harvard, have push the endowment executives to address their concerns about harvard's week response to the attacks and to anti-semitism. but an interesting angle, harvard, you are steroid, not harvard, clear endowment and

exposure to venture capital. no doubt the endowment is feeling extra pressure to make things right by these. stuart: that's why we are money show. republicans in new hampshire are disappointed in nikki haley, they don't think she's fighting hard enough. that report is next. ♪ ♪

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stuart: ron desantis expected back in new hampshire to make a final push at the granite state.

alexis mc adams with us in nashville. you sat down with desantis yesterday. what did he tell you? >> desantis wanted to clear the air because he thinks a lot of new hampshire voters are getting the wrong message. they think he might be skipping the granite state because he has low polling numbers. he said that's not the case. he wanted to sleep in his bed for one night at home in florida, that was last night, he will be back in just a matter of hours to try and connect with voters on the ground. we checked with nikki haley a short time ago. the fight between ron desantis and nikki haley after she said she didn't want to debate, something that the governor had to say, watch. >> that you are going to come right back. >> i will stay here friday before south carolina. i had the morning available and we sleep in and rest and use that time, we knocked out a couple events and did what we

were planning in new hampshire. that was caricatured as skipping new hampshire when it wasn't. >> reporter: nikki haley spoke to a crowd of 300 people, she made no mention of skipping that debate or of ron desantis, she said she artie forgot about him. >> it is that we 2-person race in new hampshire and it we 2-person race in south carolina. we are focused on trump. that's all we are focused on. desantis, i forgot about him the second he left new hampshire. >> reporter: what is donald trump focused on? nikki haley according to his rally last night, he put attacks against her warning voters her support is only coming from democrats. >> they are pro-amnesty, pro-china, pro-open borders. don't kid yourself. pro-war and pro-biden. >> lots of events on schedule, we will keep you posted who

else we catch up with. stuart: republicans in new hampshire reportedly disappointed that nikki haley isn't fighting harder in their state. a member of the boston globe's editorial board, welcome back to the show. thanks are having me on. stuart: you've been covering new hampshire primaries for a long time. are these claims about nikki haley not fighting hard enough legitimate? >> she has been on the ground more than any other candidate. i think the narratives have been skewed here, but she stopped taking questions for a bit, she had some heat with the civil war snafu on the campaign trail. last report, she took to taking questions that has been hard at work in new hampshire. stuart: overblown, the story. >> i think so. stuart: look like ron desantis is walking away from new hampshire putting his team in south carolina. why is that?

>> he -- his poll numbers keep dropping, he's just not doing well in new hampshire. i hardly hear his name on the trail but he has a better chance in south carolina. certainly beating nikki haley and her own state or contribute in to her loss in her home state would end the campaign for her. she has to win new hampshire for this to be that we 2-person race she's talking about. stuart: i think donald trump called this south carolina, nikki haley's waterloo. >> that's correct. i think the first is new hampshire. she doesn't win going into her home state she's not going to have the momentum she needs to make this a real race. will when is it winding down to be trump is the guy? >> it will really depend on new hampshire. that's what polls suggest, iowa gave those result, national polls giving those results, nikki haley's strategy and

governor sununu always says this, to really win big in new hampshire and take that momentum to break down the inevitability narrative around trump. stuart: trump is going to win new hampshire. >> that's what he says. stuart: polls suggest he has a double-digit lead. >> we seen a couple polls in the last week, the latest one does have him in the lead. i think it's too early to say. she does have a shot but anyone challenging trump is facing an uphill battle but i think she has a shot. stuart: we will see what happens. thanks for joining us. hope to see you again soon. conservative for the boston globe. there we have a squad member, jamaal bowman, wants $14 trillion worth of reparations. tell me more. ashley: it is only money. bowman says the us has a moral and legal obligation to provide reparations. in new york lawmaker backing a measure that would see the federal government as you say spend $14 trillion on reparations program to

descendents of enslaved black people, people of african descent. bowman says the money could be just are bigger over decades in the form of monthly checks. the measure sites estimates the us benefited from 222 trillion hours of forced labor from 1619 to the end of slavery in 1865, or 246 years of free labor the produced hundreds of trillions for the us economy. that's the argument. how to pay for it? just print it. bowman points to the response to the covid 19 pandemic and the space race as examples of government spending without raising taxes on anyone. bowman is also backing a measure to creating a federal commission to study reparations. just print it. stuart: just print it, simple as that. what have you got on that? >> this should set off alarm bells.

he cites covid spending. we did this during covid but when you did that spending during covid it set us further into debt. if we did his $14 trillion plan, this phone would cost $20,000, inflation would go through the roof. to reparations the modern economy was not slavery but there was a reset following the great depression. if you want to assist the black community you need to make education the top priority and improve education for kids in the inner cities otherwise you will repeat this. blue when it is just buying votes. i will be doing this has a "my take" at the top of the 11:00 hour. here's what else we have, the princess of wales has been hospitalized for scheduled abdominal surgery but won't have public events and still easter. how serious is her condition.

46 office buildings in new york city may be converted into apartments. is that plan feasible with all the regulations in new york, we will get into it. ♪ ♪ ♪ 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.

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stuart: new york city wants to turn this have empty office buildings into apartments. a new program would convert 46 buildings into 2100 housing markets. the global brokerage chair joins me now. i don't think that's feasible. new york city won't pay to do anything. it is so regulated. imagine turning an office building into apartment. i don't think you can do it. >> i think the concept is on the money. in the flight to quality we are seeing some obsolescence which

we have to do something in the future for affordable housing. the accelerator program which is what you are talking about says they are clearing all a lot of the red tape to make it easier. conversion, you lose 25% of the floor plate, maybe less if it is a smaller floor plate and downtown that may be feasible but the cost to convert is very high. to scale it we have to think even bigger. possibly a public/private partnership. stuart: without subsidies you couldn't produce a housing unit in an office building under $1 million. even with subsidies. >> without subsidies it would be very hard to produce support will housing. the loss of square footage and the plumbing, air conditioning, these things, there is a significant infrastructure problem but the city says it will clear away a lot of the

red tape to get the program done. they say they are going to look at some subsidies. if we do these things we may be successful. we saw some successful conversion post 9/11, 500 feet of buildings were converted to residential. it made a huge difference making downtown a mobile play environment. stuart: you are in the office building market. and the of your buildings going to be converted? >> i don't think so. we are in -- stuart: do you want to? >> what we are focused on commit office buildings that are receiving net positive absorption. park avenue sign that absorption on the avenue because buildings that are on top of transportation hubs are where people want to go and where the workforce wants to be. we won thanks very much for being with us, always appreciate it. todd, thanks for being with us for the are. still had, ben domenech, brent bozell.

border by chris cabrera and neil sean. the 11:00 hour is next.