♪

♪ >> i'm not keen on the music it goes back way when. what do you say producer? , money refers to the my take them about to do but before we get there i'll say 10:00 o'clock eastern now will get to the money. were down 200 on the doubt despite a performance by caterpillar thereof for a 5% but there is some stock that is way down mcdonald's is way down and what else do we got, several of them. the ten year treasury where is that. it's going up significantly, that is hurting the market, 414 on the ten year treasury. the price of oil going nowhere, down to $71 a barrel despite what's happening in the mid east, bitcoin holding steady at $43100 a share. important reading delivered to us on the service sector a big portion of the economy.

>> growing stronger than expected january's reading 53.4 from 50.6 in december we have an expansion above for 13 months of the row this is troubling prices paid component in this and it was a first increase in four months at 64, it was 57 change in december that was quite a big jump prices paid for services up big time. >> stronger economy and stronger price increases equals a fed that will not lower interest rate and equal to stock market coming down. now this, there is plenty of good news on the economy, job growth, cooling inflation and expanded economy. why are people so unhappy and they are unhappy this is the latest to be simple trump leads biden by 22 points when voters are asked who they trust to do a

better job on the economy why a contradiction in improving economy and voters are not buying it. i think because people don't focus on the big picture numbers they are not economists economic growth of 3.3% on unemployment rate of 3.7% that does not mean that much. the news that inflation is cooling does not mean much either what people focus on is their own personal situation. the proverbial kitchen table talk is not a discussion about the number of jobs available or gdp is the cost of the meal on the kitchen table and how those costs do not come down they just stay high, mortgage rates are coming down and that's double than what they were. >> the table talk about affordable rents don't come down discussion on real estate is an affordability and that's what is like for most people, the wealthy that vote democrat, their asset stocks and real estate are at record high values in the wealth gap is expanding very much in their favor, voters look at this and thumbs down for

the own personal financial situation does not match what the economists tell us about the economist performance and they may remember that the guy who produced a spectacular economy and narrowed the income gap was president donald trump, the second hour of "varney" just getting started. ♪. stuart: on the market the dow down 240, the nasdaq is down 55, that is a retreat from the record highs we saw last week, big tech most of them lower this morning we will get there, i promise you we have alphabet and apple up, microsoft, amazon and meta are down mike lee joined us if you think big tech.

>> i would say my super bowl and it comes to big tech and they spend globally and ever-increasing share on accidental basis it goes towards artificial intelligence and the cloud, the big, big tech names have done so well because of the best position to profit. >> if you want a model portfolio you should have attacked a big stock a lot of them and stay with them over the long-term is that your advice. >> absolutely. >> half is split between the technology sector in the communication sector it includes

meta as a 13% position of my overall portfolio but all the big names that were talking about on the screen or one that i'm looking at and the one that i want to start our names like tesla because they sold off dramatically. tesla has not sold off more aggressively and buyers right now and would be a good position to add it because tesla is not going anywhere. stuart: gold has come out with a report going $800 a share, 680 at the moment. you have a higher price target than 800. >> i think the sky is a limit for nvidia i'll tell you why they are very well positioned to take advantage of this a.i. revolution. without the gpu chips in their data centers, it is impossible to basically build up the capability and i think what wall

street has done in this circumstance is the cloud and cybersecurity they had misunderstanding and underestimated the amount of money that is going to be in an artificial intelligence and the pickaxes on the goldmine is nvidia. stuart: welcome back to the strong bulk rod. thank you for joining us you again real soon. nvidia way up. you're looking at tesla. >> down. have% two more pieces of information piper sandra has cut their price target they were at 295 and they see more price cut of the model x on the horizon because a lineup is aging and also a german paper is supporting the german software company sap is stopping the use of tesla in the fleet of cars for its workers. they say the prices fluctuate

too much. tesla lost a client. stuart: let's not forget a wall street journal article saying elon musk takes drugs and so do board members and mascots away to run six big companies. estée lauder up again. >> they own makeup which is phi 20. they slashed their annual profit and they announce major restructuring and that includes cutting 3 - 5% of the global workforce up to 3000 jobs, the stock reaction to that is incredible. stuart: job layoffs, job cuts, the stock goes up, you see this a lot on wall street. >> not all the time, take a look at snap, the cutting jobs, 10% or 500 workers the stock is moving down to intuniv two in a quarter percent. they're trying to promote in person collaboration if you're working from home and don't want to commit, good luck.

stuart: take a look at the op-ed from the wall street journal editorial board, climate tears are coming for your tires, they said lawmakers in washington state want to regulate the tires allowed on your truck or car. jason rantz, what is the connection between tires or climate change. >> they say some of the tires are too heavy and too thick and the car will exert more energy and carbon emissions into the environment and yet we have to do something about that. especially what they're saying if this bill were to pass we have to move down to tires that are more expensive and replace quicker because it not as thick. and they don't do well as wet weather which is odd in washington state. this is another example of moving toward the eco-reality that they want regardless of the consequences, they are going to tell us what were supposed to be

able to drive, how are supposed to eat you in trouble and were closing. they are going all in to control every aspect of our lives. stuart: are they saying flat out certain types of tires may not be purchased in washington state by the state and are they that expose? >> are pretty explicit if the bill actually passes. and what they generally do is to put out this crazy idea were reasonable people would call it a crazy idea they let it cool down for a year end then the interview us and that's where were at with the tire band. they done in the past and done it when putting additional taxes on gases in simple things like plastic bags and plastic straws. they always started this way because they want to normalize the idea and they want people to react to it and sit with it for a bit and then basically move forward and exploit whatever it is were feeling about at the moment. usually they're going to do

anyway you might as well let them. stuart: i can't think of anything they don't want to regulate in climate change. it's an extraordinary order. thank you for begin the story. we will see you soon. boeing has been problems with the 737 max. the stock is down again. >> there is reports that holes were mis- drilled on the fuselages by spirit aerosystems should and 5737 max just that of not been delivered yet, they're aiming for perfection, they have to but what the timeline for fixing the holes in getting the planes delivered on time, hence the stock is down. it does suggest that boeing has us constant quality control was. aerosystems over and over were see the same story, spirit is down for a half% when you look at the door bolt on the alaska jet many say that was a boeing production issue. going back whose fault is it, clearly something needs to be

done the more the field looking, the more they are finding. stuart: boeing acts eight jet over the weekend the flight was full how did you know it was a max eight. stuart: is set on the readout on the screen in front of you. thank you lauren. the border crisis has gotten so out of control celebrities like doctor phil a and 50 center now getting involved in blaming democrats. we have the story. a long-awaited senate porterville is out, 12 hours ago they released it speaker johnson said it's worse than we exp expected. we will tell you how the lead gop negotiator senator james lankford is responding to the criticism, that is next. ♪

during my entire life i have been somewhat of an outdoors person. golf, gardening around here. how can i stay out of the sun? so about two years ago i was diagnosed with basal cell carcinoma. when they discussed the mohs surgery on my face, i was not really a fan of that because the scarring can be disfiguring. if you've been affected by skin cancer, surgery is no longer your only option.

we chose gentlecure. gentlecure is a surgery-free treatment that uses low energy x-rays to kill skin cancer cells with a 99% cure rate. plus, there's no cutting, no surgical scarring and no downtime. the results are absolutely fabulous. see why so many people, including doctors, are choosing gentlecure. call today or go to gentlecure.com.

but st. jude has gotten us through it. st. jude is hope for every child diagnosed with cancer because the research is being shared all over the world. the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com xfinity rewards presents: '1st and 10gs.' xfinity is giving away ten grand to a new lucky winner for every first and ten during the big game. enter daily through february 9th for a chance to win 10gs. with the ultimate speed, power, and reliability the xfinity 10g network is made for streaming live sports. because it's only live once.

join xfinity rewards on the xfinity app or go to xfinity1stand10gs.com for your chance to win.

stuart: more than a dozen republican governors travel to the border over the weekend they promised to stand by greg abbott at as he battles with the administration. jeff paul is an eagle pass, give us the latest from there please. all of the times coming out to the u.s. border over the years this is probably one of the quiet. i've seen so far, only a few migrants over the past couple of days trying to cross into the u.s. a big part of the reason why according to texas governor greg abbott are the actions that his state is taking. he also told the group of governors who were just here in eagle pass, there is power in

numbers. >> we are here to send a loud and clear message that we are banding together to fight to ensure that we will be able to maintain our constitutional guarantee that states will be able to defend against any type of imminent danger or an invasion. >> governor abbott welcomed 13 governors to eagle pass on sunday, georgia governor brian kemp, arkansas sarah huckabee sanders and tennessee bill lee were among the group, he first delivered a border security briefing but when they were done they drove out to shelby park, that is where governor abbott has not only deployed more texas national guard soldiers but putting up more barriers and more razor wire he's also limiting the federal government access to the park to process any migrants who might cross into the u.s. because abiding the administration believes the very actions are unconstitutional, here's how the ongoing legal battle between the white house

and governor abbott. many of the out-of-state governors who made the trip out to the us-mexico border say part of the reason they showed up was to simply show support. >> it is very clear that this is not just a fight that texas is having. this is a fight that all of us have to engage in. >> every state in our state is a border state, the coming to every state in the country and every governor has to deal with it really far border is not secure, our country is not secure. >> governor abbott told the crowd that he will not be backing down at least anytime soon, he said help keep putting up the barriers in the razor wire into keep doing something and whether state is doing and that is putting up their own border fence. stuart: lawmakers in the senate have unveiled the text of the much-anticipated bipartisan border deal, and highlights more resources for the border and

money to finish the wall, lead negotiator james lankford defends the plan after his colleagues called it dead on a arrival. >> if i go back two months ago and say we had the shot under democrat president to dramatically increase detention beds, deportation flights, locked on the border to change the asylum laws to be able to accelerate the process, no one would believe it and now no one wants to be able to fix it or we as republicans going to have press conference and complain the border is bad and then intentionally leave it open after the worst month in american history in december. stuart: there is obviously conflict here. griff jenkins joins us in new york city. you brought the border bill with you, 370 pages. >> here she is. >> i talked to border patrol officials all late last night and early this morning, they are universally saying that they see this as something that doesn't move the needle in terms of getting the border crisis done

and honestly the one comment was how does any republican agree to. kudos to senator langford to change her immigration laws which haven't been changed in 40 years. look at so many things it's unbelievable because you were saying if you get to 5000 it will trigger an automatic shutdown. this is to the entire world 4999 daily get your ticket now it'll be harder to get into than a taylor swift concert. at the end of the day we have existing laws, title viii usc 1325 makes it a felony to cross her border illegally. by the way you can go to any port of entry in the country and claim for asylum, you cannot cross illegally into it but this administration has allowed mass cashed and released with no consequent is. i reported for the better part

of two years like eagle pass, we had over 6503 inches yesterday and were averaging 7700 every day since the fiscal year began in october 1. you're now going to trigger the authority what you going to do nasty poor people i don't see how they do that they barely get a hundred - 200 d4 did we currently then you say maybe will turn back to mexico. remaining mexico work because they wanted to claim asylum in remaining mexico. they didn't like living in tijuana or matamoros so they stopped coming. in this case if you turn them around has anyone called mexico are they on board, of course they're not there currently by the way bring you the numbers on the little bit because we asked them to enforce the immigration laws while we don't enforce ours, that is a problem in the other problem you heard senator langford talk about stiffening the asylum threshold but if you've read the language which is terribly boring and i've done most of it but it replaces

immigration judges and i sprockets under prosecutorial staff with u.s. cis staff the citizenship organization. i did my first sitdown interview with alejandro mayorkas with obama for than a decade ago when he was a director of u.s. cis and they were able to make it a determination on non- silent on adversarial role they will not legally challenge like an immigration judge would they will hear it out and decide what do you think that will look like once they put that into motion. the more i read the harder i find it to believe any republican thought this was a good idea. i give langford the credit as i said it's good that we sat down and tried to do it and he said can we put some good things let's build more wall that's a good thing let's do xy and z but at the end of the day it's not going to stop it will only bring them in. if you don't think for a second that the cartel won't manipulate this and move to a metering system to bring their numbers

down i have swampland to sell you is how many times have i reported with the color-coded bracelets with the four digits are like amazon do not like the thugs in the hollywood movies they know what you're doing and lastly when you put an arbitrary number at 5000 you can bet your bottom dollar that the second something like this passes the pro-migrant group will sue over an arbitrary number to say all the other numbers that are not in the 5000 ohio due process therefore tying it up in the courts and stopping them from being implement it. stuart: you have a fox racing special and i think it launches very soon and it is called the drug lords hippos. hippopotamus. here's a preview. >> luis diaz used to work in the fields. early one morning in 2020 at hippo charged him and left him clinging to life.

[speaking in native tongue] >> i was catching water in it came out of nowhere. it attacked me and i was knocked out completely unconscious. >> here's the deal in 1993, escobar dies and he is also worth of animals zebras, giraffes, he is a drug lord and they round up all the animals and gave them away to other zoos but the hippos four of them were difficult to deal with they said will let them die off they began to multiply now the number one invasive species in columbia. it's on fox nation you can download and check it out. the drug lord hippos. stuart: thank you for coming on the set and thank you for bringing with you and thank you for giving us your candid opinion that you don't like the bill. i can tell. griff jenkins. stuart: there is more on this a daytime talk show host doctor phil made a trip to the border.

good morning, what is he saying about it. >> no border security, how is that working out for you. an awful impersonation but phil mcgraw visited the border and criticized president biden mvp harris for their handling of the migrant crisis he said the result is a humanitarian crisis unlike anything we've seen before. he also posted on x saying wrapping of my trip to the border this is something i needed to see with my own eyes. i have so much to say and share, stay tuned doctor phil said sense biden took office in 2021 more than 6 million illegal migrants across the southern border and more than the population of 33 different states. meantime another celebrity rapper 50 cents upset over a plan in new york city to spend $53 million by giving migrant

families prepaid credit cards the rapper says it makes no sense. it might motivate him to vote for donald trump. stuart: wouldn't that be something. nikki haley made fun of donald trump on "saturday night live" she took another job at trump's age. we will react to haley surprise appearance. we will be back. ♪

(man) what if all i do for my type 2 diabetes isn't enough? or what if... (vo) once-weekly mounjaro could help. mounjaro helps your body regulate blood sugar and can help you eat less food. 3 out of 4 people reached an a1c of less than 7%. plus people lost up to 25 pounds. mounjaro is not for people with type 1 diabetes or children. don't take mounjaro if you're allergic to it, you or your family have medullary thyroid cancer, or multiple endocrine neoplasia syndrome type 2. stop mounjaro and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, vision changes, or diabetic retinopathy. serious side effects may include pancreatitis and gallbladder problems. taking mounjaro with sulfonylurea or insulin raises low blood sugar risk. tell your doctor if you're nursing, pregnant, or plan to be. side effects include nausea, vomiting, and diarrhea,

which can cause dehydration and may worsen kidney problems. (man) i can do diabetes differently with mounjaro. (vo) ask your doctor about once-weekly mounjaro.

stuart: on the market look at that they're down is t entered always down 360 points, the dow stocks which are sharply lower mcdonald's, goldman sachs, boeing, united healthcare, taken together there all dow stocks and about 200-point off the dow. there is a lot of selling in the dow 30 industrials. lauren is back looking at the movers. >> sales very rare, sales are slowing in the united states and in china which is the number two market also pressure in the middle east because of the war in gaza. looking at the dow, mcdonald's is the biggest point loser.

stuart: next one is on semi i chipmaker. >> i confuse it with the sneaker company they provide centers in chips for automobiles and industrial companies sales improve profit margins, the stock is up 7%. stuart: tyson foods the largest meatpacking company in america. turning things to profitability and chicken and pork beef was a problem that's a larger segment volumes down because prices are up finishing his supply of cattle is not helping you to get the prices down, tyson and on semi route much more in the market took another leg down there is still big winners but they're doing better moments ago. >> president biden will be skipping sunday pregame interview for the second year in a row. lucas tomlinson in las vegas ahead of the game this weekend, why is he skipping it again. >> it is the second consecutive year biden has kept the super

bowl interview. white house officials say there could be election fatigue and want people to focus on the game. his low poll numbers cannot be helping and president biden had a series of embarrassing gaffes over the years and a call before russian forces of invasion of ukraine president biden was open for a minor incursion and when he spoke in warsaw after the battle he was acting like putin needs to be thrown out of office in the white house also had to walk back, praise under president spoke last night in las vegas. >> i know and we know we have a lot more to do, not everyone is feeling the benefits of our investment in progress yet. but inflation is now lower in america than any other major economy in the world. at recent weeks we see evidence that the american consumers are feeling confident in the economy that were beginning to build. >> according to an nbc news poll

president biden's approval rating is the lowest of the presidency 37% and is losing the trump the head-to-head rematch and also when it comes to the economy. let's take a look at the people never dealing with economy trump is a 55 - 33 over biden and when it comes to the big issue of securing the southern border trump is another commanding lead, up 57 - 22, the democratic primary is here tomorrow, president biden is in las vegas and he only one nevada by three points back in 2020. of course the super bowl on sunday perhaps i can place some bets for you and will lauren or future bets about interest rates be lowered were perhaps for you in new york and the yankees winning the al east. stuart: if i place bets it's on politics not sports i know more about politics than i do sports that's where i'm putting my gambling money. >> is a 2020 rematch just like a

potential presidential rematch. stuart: that was good, you got me on that one, come back soon and i'll try to equalize. on the right-hand side of your screen when there is joe concha. i want to ask you media god, why do you think biden skipped the super bowl . i think it's a basement strategy all over again. >> it is except there's not covid this time to hide behind any as a record yes to defend and as lucas just reported he is down five points overall donald trump an nbc news poll. if you look at state-by-state, that's all that matters the following six states he's on a point in georgia and arizona and 11 in nevada and down in wisconsin, michigan and pennsylvania according to a bloomberg poll if you want to do this whole all skipped the super bowl interview where you reach a big an audience as you did of the state of the union address and you're afraid to take questions from cbs news, that shows his handle is petrified to

put them in front of any tv screen that does not involve teleprompter in front of him. stuart: nikki haley made a surprise appearance on "saturday night live", watch this. >> my question why won't you debate nikki haley. >> oh my god enter the woman in charge of security on january 6. nancy pelosi. >> are you doing okay you might need a mental competency test. stuart: attacking trump like that, do you think it helps her course? >> when you're down for touchdowns at this point and that's how far nikki haley is back of donald trump in her home state it is trump's 63, haley 31 if you look at the polling averages. i guess you can throw hail marys at this point it is super bowl week let's forgot the analogies. the appearance generated press and the clips of gone viral but not a favorable way for nikki

haley the only thing that comes to mind when you watch that is cringe, she did not look natural on the stage this is not bill clinton playing the saxophone for arsenio hall in 1992 when the moment helped his campaign take off. i'm not even sure many republicans watch were like "saturday night live" given how far left and woke it's become. i guess it doesn't hurt to get on the national stage like we talked about but it was uncomfortable to watch. stuart: that we have real-time host bill maher that slams biden's handling of the border. watch this. >> immigration is real but the reaction is not real it's all a bunch of acting they should get an award this award season. >> make no mistake about it. joe biden has a lot of power to change a lot of policy in effect immigration issue. >> that is true part two of the acting is joe biden saying if you give me a new law, the

president can fix this he already has existing law. stuart: bill maher has turned against the administration on a variety of issues, not just the border. >> is become the voice of common sense for the democratic party and because these are common sense arguments that he is making. when the president says congress must act, give me the tools he and biden signed 94 executive orders and actions upon taking trump policies. all he has to do with the penn he could reverse the policies and the executive orders in your back in the ballgame, by the way justin is very good on friday night you may have seen her in the clip and she did fox proud. here's the thing i'm going to echo griff jenkins, until you start building the wall again and until remaining mexico policy is resumed and until

catch and release is eviscerated, not much will change as far as the flow into the country you have to do those three things and you cannot say we will only about 5000 come to the country now. the department of homeland security jay johnson under barack obama said 1000 people is a crisis in this bill will allow 5000. it is not acceptable. stuart: joe concha always great thank you for joining us. the location for the world cup final has been announced and it's right here in america. i believe it is in new jersey. >> you are correct, 2026 world cup will be held at metlife stadium east rather foot new jersey on july the 19th. the u.s. men's team is going to play the first group stage game at sophia stadium in los angeles on june 12. team usa is going to play all of their group stage matches on the west coast with the next two

games in seattle and back in los angeles. this time around the tournament being cohosted by u.s., mexico and canada and for the first time ever will feature 48 teams instead of the usual 32, no excuse for not qualifying, that means that three countries for time zones and you can bet a scheduling nightmare. stuart: will you go to the final? >> i would love to. i went to the 94 world cup i didn't go to the final in l.a. sws in columbia. it's a great event tickets have got to be connected maybe you can help me. stuart: that is two years away will i still be around. thank you. now there's a final report on president biden's handling of classified documents could drop any day biden's aides are worried it could include various details about the president. alexandria hoff reports after this.

♪

with the majority of my patients with sensitivity i see irritated gums and weak enamel. sensodyne sensitivity gum and enamel it relieves sensitivity helps restore gum health and rehardens enamel. i am a big advocate of recommending things that i know work.

stuart: the special counsel final report on biden's classified documents could be released at any moment but biden's campaign is not worried about criminal charges they are worried about something else that could be revealed in the report. alexandria hoff is with us. what are they so worried about. >> the concern seems to be over images in particular, axios is reporting that biden aides are concerned the special counsel's investigation could reveal embarrassing details about how the documents were stored days

after the batch was found at the penn biden center, the white house revealed more classified documents from biden's time is vice president were discovered in his delaware home, some in his garage the president previously suggested they were safe because he got under garage was secure because the corvette was parked in it. according to the axios report possible photos of how these were restored could push comparisons to former president trump's case following unprecedented rate in august 22 they released images of classified material scattered throughout trump's mar-a-lago in january of last year they said the two cases are very different because president biden did not willingly withhold documents. >> i tell you this the president has confidence and i tell you the president and his team rightfully took action when they learned that the documents existed they reached out to the archives and the department of justice. >> biden is not expected to face criminal charges, president

trump was indicted on 37 with willful detention of defense information conspiracy to object justice and false statements. stuart: thank you very much indeed, texas senator ted cruz wants more security of the lawmakers at airports. what is he proposing and why is he getting so much pushback. >> he wants lawmakers to have dedicated security escort and airports along with expedited screening outside of the public view. it's not sitting well with some authorities any duty should be the job of federal law enforcement as airport agencies are already overwhelmed. his plan could also help politicians for embarrassing news reports and late-night comics. just like when crews himself, he may have remember condemned for escaping mexico during a deadly cold wave that hit texas back in 2021. he says political vip should not

be endangered as a pastor public spaces and airports the measure would also provide the same special treatment to federal judges and cabinet members. stuart: got it, hd tv tarek el moussa does not mention words when it comes to house looking. watch this. >> i need you to act like your entire life depends on the split. in actuality it could and i've seen it happen. the house looks like a war zone you need to fire everything a person working on the house. >> he goes straight at it the house flipping market is getting stronger. i'm a little skeptical of that but he is here walking towards me on the set and he will try to convince me that house flipping is getting stronger. let's see what he does after this. ♪

everyone say, “space pod.” cheese. [door creaks open] [ominous music] (♪) [ding] meanwhile, at a vrbo... when other vacation rentals are just for likes, try one you'll actually like.

♪ (upbeat music) ♪ ( ♪ ) with the push of a button, constant contact's ai tools help you know what to say, even when you don't. hi! constant contact. helping the small stand tall.

stuart: look at the red ink pilot for the dow industrials, 400 points. the nasdaq on 137. the market is worried, powell appeared on 60 minutes last night and as a result of his

interview people are expecting fewer rate cuts this year, that is a negative. secondly the ism report came out at 10:00 o'clock eastern and the inflation factor without report ticked up not good news for the market, dow down 400, nasdaq down 142 points as we speak, our next guest claims that the house flipping market is getting stronger. i am a skeptic about this. let's bring in tarek el moussa. he is the expert on house flipping. welcome to the program to get why are you telling me that the house flipping market is getting stronger. >> there are so many skeptics, supply and demand everybody is scared which means there's less competition. right now were doing incredible flipping houses because we have less competition. >> house flipping you buy a place, you flip it and you sell it, how many houses are for sale

that you could dolly up and then sell. surely there is a supply shortage. >> they're not listed on the market so i go to off market properties working directly with owners. >> how did you locate them? >> calling, texting, digital marketing. marketing. >> into reputation on the tv. >> yes or. stuart: commercial real estate, you don't want to touch that with a 10-foot poll do you? >> it depends over a trillion dollars in commercial loans coming due in the next two years. those rates or loans will go from 3% rates to 7% rates. there is going to be a major problem with all the different operators, one of two things that will happen a lot of them will send the properties back to the banks or there will be capital with having investors with large amounts of cash to buy down the loan amount. stuart: could you do anything in the commercial real estate market. >> i'm in commercial real estate right now. stuart: are you flipping? >> were developing self storage, multifamily properties, biden existing properties assuming that, 376 units at 3.8% debt.

there is still opportunities you just have to know where to look. stuart: what do you think of the proposals at the huge office buildings in new york city, half empty, convert them to homeownership. >> i think it's a great idea about how expensive is it going to be and how long is it going to take those of the two problems. stuart: big problems i would say. it is tough being an owner of a large office building in new york city at the moment isn't it. you're going to take your losses. >> i would say anywhere in the country. >> office, yeah. stuart: you have a new book out it is called flip your life, how to find opportunity in distress and real estate business and life. tell me about flipping my life around. >> i'm excited about the book we lost 20 years i've had a lot of ups and downs i made money, lost money, two different cancers, public divorce. through all of it i've always come out on the other side and i believe i've come out on the other side because they put the

work in. stuart: in what way have you flip your life as a divorce and medical problems. >> if you were to see me five years ago i could barely get out of bed i was struggling with depression my hormones were offer my cancers in testosterone injections and i was ready to call it a day and give up in today i'm happy, i'm excited, i'm in love, i married, new baby, driving, happy to be here and happy to be alive and i would say i flip my life. stuart: we will read the book and discuss it later. thank you for joining us. welcome back. new york city council minority leader joe borelli on new york city's plan to hand out prepaid credit cards to migrant families to the tune of $53 million worth. kt mcfarland on the body to administration not ruling out the possibility of strikes inside of iran. steve forbes on trump considering a 60% tariff on chinese imports. how about that. the 11:00 o'clock hour of varney is next.

♪ (♪) is bad debt holding you back? ♪ the only limit is the sky ♪ ♪ it's our time ♪ ♪ you don't want to miss it (just a little bit louder) ♪ ♪ it's our time ♪ ♪ you don't want to miss it ♪ ♪ it's your moment in the spotlight ♪ all your ambitions. all in one app. low fixed rates. borrow up to $100k. no fees required. sofi. get your money right®.

power outages can be unpredictable, inconvenient, and disruptive to your life, posing a real threat to your family's comfort and safety. when the power goes out, you have no lights, no refrigeration, no heating or air conditioning. the winds are not letting up at all here. we're going to see some power outages. number one thing to prepare for is extended power outages. are you prepared? you can be with a generac home standby generator. when a power outage occurs, your generac home standby generator automatically powers up, using your home's existing natural gas or propane, so your life goes on without disruption. you and your family are comfortable, safe, and secure. stay tuned, to get over a $500 value free

on the most popular home standby generator in the world. with the generac, we don't have to worry about whether we lose power or not. if the utility company does not come through, our generac does. having a generac takes a lot of the anxiety out of, there's going to be a storm. after the hurricane happened, we just want to be prepared for anything. generac generators are designed, engineered and built in the usa. 8 out of 10 home generators are generac, and have thousands of satisfied customers. how many times have you heard people say, i never want to go through that again? well, the next time you go through it, don't make it so hard on yourself. have a generac home standby generator. call or go online now to request your free quote with one of generac's nationwide dealers. special financing and low monthly payment options are available, and if you call now, you will also receive a free 5 year warranty valued at over $500.

the call is free, the quote is free, and there's no obligation to buy. call or go online now, so the next time there's a power outage, your home powers up. power your life with generac. call or go online to request your free quote today. >> i think a lot of americans look around and see a world that feels less stable, less safe.