she says why would any republican vote or consider this ridiculous bill? any comments from the gop needs to be a no. yes, thank you so much, everybody, for commenting on the bill. i agree that there is a lot of pushback here. we're going to continue keeping a spotlight on that one. he's another question are from @spicy american. she says, was there ever anything better than the president's correspondence -- correspondents' dinner in the last seven years? oh, you mean the al a myth dinner? no, i don't think so. i had the best dinner behind president trump and hillary clinton when they were speaking. yeah, people got mad at my outfit, i don't know why. if i had to do it again, i would do exactly the same outfit and the same look. i had the best time. that was fun, and we'll see what this one looks like later this year ahead of the 024 election. -- 2024 election. have a great day, everybody. "varney & company" begins right now. stu, talk -- take it away.

stuart: can't wait, maria. good morning, everyone. [laughter] weight loss drugs and profits. whoa, you ain't seen nothing yet. eli lilly reported very strong results for another weight loss drug. it could help with heart and kidsny conditions, the stock is up over 5% premarket. while e we're at it, here's another breakout stock. nvidia. this morning premarket it traded above $7000 a share. that's whereby 700 a share is. within the last year with, nvidia a was as low as a $204. the company's now worth $1.7 trillion. it's fairly quiet elsewhere. the dow industrials likely to be up maybe 11, s&p 6, nasdaq up maybe 40 points. interest rates, they're moving up again, look at the 10-year, reaching 4.16% this morning. the 2-year a little shy of 4.5% but with not by much, 4.46 right now. bitcoin, $42,800.

gas, no change, $3.14 a gallon for regular. diesel, $3.93. all right, let's get to politics. the bipartisan border bill is coming up for a vote. the political class and the media want it to pass. "the wall street journal" headline calls it a border bill worth passing. but does the bill stop the flow? my answer is, no, it does not. separately, the impeachment of homeland security chief mayorkas, that's progressing. there will be a procedural vote today. and the outrage of migrant criminals continues to grow. the latest, a migrant on a motorbike drags a woman across the street as he tried to take her phone. this country is at a boiling point. on the show today, real concern for king charles. he has cancer. he has withdrawn from public duties. prince harry has returned to britain. meghan is not with him. and a sad loss for america. toby keith has passed. if he had stomach cancer.

he was known for his patriotic songs like courtesy of the red, white and blue and his in your face songs like how do you like me now. toby keith was 62. tuesday, february the 6th, 2024, "varney & company" is about to begin. ♪ ♪ if. ♪ ♪ right now is where you shine. ♪ i'm talking here and now ♪ stuart: yeah, let's go. why not? let's get on with out, shall we? it's tuesday morning, time for action. we're going to start with politics. why not? it is ten months til the election, and the markets are fairly quiet so far at least. and there's this, former president trump says, yeah, he wants to debate president biden as soon as possible. here's biden's response. roll tape. [inaudible conversations] >> donald trump says he's

willing to debate you with right now. do you accept? [laughter] >> [inaudible] >> immediately, he says. >> immediately? >> [inaudible] he's got nothing else to do. stuart: yeah, all right. todd piro's with me this morning. my comment, first of all, it's nine months til the election, i did get that wrong. what a contrast with biden -- with trump, rather. >> he is so wrong on so many levels. because imagine if they ultimately did debate. i mean, it would be a blood bath. and that answer, it's kind of like he's trying to be cute because i think deep down he knows he would get shellacked for all of the lack of mental acuity we with accube to the president of the united states, i think he also may understand he's not at the top of his game from a talking perspective. i know he hates donald trump, we ran those stories last week, but at the end of the day, he has to know donald trump will whup him, and if he doesn't, maybe he will

agree. and god bless that man, because trump will destroy him. stuart: his handlers will work overtime, no debate. >> 100%. they can't debate. >> trump says he'd be very happy to replace biden in a super bowl interview. trump says it would be with ratings gold, and he's right. the thing is trump's acting more and more like a president in waiting. >> it and started when he went to east palestine. that's really what kicked it off. it kind of bumped ron desantis off the national -- basically took the nomination away from ron desantis. what a power move by trump. he put the ball in cbs' court and said not only will you get a wildly-rated episode of the super bowl interview, but if you don't allow me to do it, it shows that you are part of this machine that is existence me. the courts are against me, the government's against me, biden a's doj's against me and now you, cbs, won't let me talk to the people? if power move by trump there. stuart: let's talk vice

presidential candidates and donald trump. he has mentioned chris -- kristi noem, he's also a mentioned senator scott. earlier this morning senator scott was on "fox & friends," or just a few moments ago, and here's what he had to say about being mentioned. we don't have it yet. okay. we're cutting it right now. what do you think of -- okay, i want your opinion on the vice presidential stakes for trump. we've all been in this guessing gape. who do you guess? >> i have a different take than -- stuart: hold on -- >> we've got it? if. [laughter] roll it! stuart: roll that tape. that's my cue. >> are you being vetted right now? >> not that i know of. all a i know -- i've been vetted to be a suggest surrogate on the campaign trail to make sure we get four more years. it's really the only objective i have. anytime you start the focus on what's in it for me, you're focus on the wrong thing which means you're distracted. stuart: okay. i interrupted you, todd. who's the veep going to be? >> i don't see the utility in somebody like tim scott.

and you're probably like, why? i love tim scott. tim scott has to be the nicest person i've met inside this building. nobody loves tim scott more than me. but if your goal is to bring in outside groups that respect typically voting for trump, and obviously you're trying to bring in the black voter, joe biden is giving donald trump the black voter through his horrible policies that are ruining the inner cities. so i don't think you need the black vote as much as you need the woman vote. keep in mind, the country's half women. those swing states are half women. you need to make sure the women know that donald trump isn't going to ruin their reproductive rights, is not going to take away all their rights as women with, and and that's where i think a woman gives him the edge. lauren: which woman? >> that's the question. kristi noem doesn't bring at lot of swing states. she brings south dakota and their votes which he's going to get anywhereway -- stuart: sarah huckabee sand orers. >> i wouldn't look a past that because she can communicate and is stalk through the issues.

stuart: you've got five seconds for your pick. lauren: i still think tim scott. >> and you may be right. stuart: biden made yet another gaffe. oh, no. what did he do this time? lauren lauren i don't know if it's a gaffe, it's another moment of confusion. he was meeting with donors, this was in vegas ahead of the primary today in nevada, and he was telling a story about america being back under his leadership. and he confused some of the world leaders. watch. >> right after i was recollected i went -- elected i went to what they call a g7 meeting, all the nato reeders. and i sad down and said america's back. and mitterand from germany -- i mean, from france, looked at me and said, you know, why -- how long you back for? lauren: yeah, i know. mitterand died almost 30 years ago. he met french president macron,

but he's been mixing up people. it was last month he thought he took a picture with a congresswoman from north carolina, but deborah rah ross was actually in d.c. and who can forget the where's jackie moment about two years ago? he forgot that the congresswoman, jackie walorski, actually died. stuart: it's awfully difficult to see that man in a debate with donald trump. >> it's not going to happen. stuart: let's get to the markets. premarket action, dow up 17, nasdaq up 42. david nicholas with me this morning. invid nvidia -- nvidia crossed $700 a share earlier today. would you why it at $700? >> i'm not a buy on nvidia. i'm an emphatically strong buy at nvidia are. yes, we will buy it. here's how you play it for our viewers, i think we're going to see some resistance between 700-750, so for the next few weeks if you see it bouncing around 700, that is bullish for

the stock. it's consolidating, you want to buy. if we see outside market pressure, member, stuart, in january this stock was below $500 a share, so if we see some selling pressure, you back up the truck and buy. the beanie if babies that you have stored in your at aic, go out and sell those and buy nvidia because i still think the stock is cheap relative to -- stuart: so if you think it's cheap, why did you buy it at $700 a share? >> well, no, we're saying to buy it. i'm just saying if we see some is pressure p you may get a little bit better buying opportunity, but i think the stock on consol tates, you guy. -- consolidate, you buy. they are targeting what is a $250 billion industry with generative a.i., their bio and neoplatform, stuart, it is mind blowing. even specialized key owe research, drug developers, i mean, the list are goes on and on. this stock, i think, is $900 a share this year. you buy this stock now, stuart.

stuart: okay. you just set a new price target for meta. meta is currently at $466. what is your with new price target? >> yes, sir. so this is one of do our ideas. look, i've had my issues with mark zuckerberg as ceo of facebook, but wall street got this wrong. they just updated their guidance. i think we see $41 of earnings in 2028 so, again, this is a 5-year play. i think this stock goes to $90 a share. 22 times -- 900 times a share. i just want to say, our estimate is half the con seven e discuss of what wall street is, so this stock could be much higher. this is a name to buy today for great upside growth in the future, stuart. stuart: reminds me of the late 1990s the dot.com, some of them just zoomed. i think you could say nvidia has zoomed and maybe meta will too. who knows? that's not my prediction. david, very interesting stuff, nvidia and meta. coming up, king charles announced he's been diagnosed

with cancer. here's president biden reacting to that news. roll tape. >> do you have a message for king charles? >> yes -- [inaudible] i'm curved about -- concerned about hum, just heard his diagnosis, and i'll be talking to him, god willing. stuart: prince harry is now in london to see his father but meghan is not with him. royal correspondent neil sean fills us in, they're worried over there. brandon judd said he had the most orderly immigration system in his history under trump, but judd is in favor of the senate border deal. trump is against it. brandon judd on why he's endorsing this bill. he's next. ♪ i'll stand by you, i'll stand by you. ♪ won't let nobody hurt you, i'll stand by you ♪

♪ ♪ stuart: house speaker mike johnson says that $118 billion senate border bill is dead on arrival. hillary vaughn with me now. what are the biggest sticking points with this bill? >> reporter: stuart, that it doesn't make president biden do anything, that he might just be able to ignore the policies in this package just like he is e -- he has ignored existing immigration laws already on the books. >> president biden undid the successful measures that trump put in place. if you can undo them, you can put them back again. so president biden does not need legislative action to secure our border. that is simply a lie to the american people. what president biden needs is

intestinal fortitude to go ahead and do his job right now. >> reporter: the bill is unlikely to see the light of day on the house floor for a vote, and its fate on the senate floor is looking more grim. senator john barrasso is coming out against it today saying, quote, the proposed legislation does not meet most americans' standard of securing our border, it leaves in place a number of democrat-create ared incentives far fueling the crisis. americans will turn to the upcoming election to end the border crisis. it's not just republicans in the senate that aren't onboard or yet with the bill. progressives in the house also say they don't like it. >> it doesn't contain any fundamental reforms which is actually what would fix the situation at the border, is to reform the immigration system in the entirety and provide a number of legal pathways so that people wouldn't go to the border. i don't think it's the right way to go. >> reporter: but somebody does like the bill, cbp and border patrol coming out in support of it. the cbp acting commissioner

championing the bill saying this: this proposed legislation would provide the strongest set of tools we've had in a decade. they won't fix everything in our immigration system, but they are tough and fair, so perhaps from their perspective, stuart, something is or better than nothing. stuart i could debate that all day long. hillary, thank you very much, indeed. national border patrol council president brandon judd is with me. you endorsed this bill. but in the past you've said we don't need legislation, we just need the president to enforce the law. what changed your mind? >> nothing's changed my mind. i still agree with that. we need the president to enforce the law. but absent him enforcing the law, we do need bills that's going to force him to do that. i'm looking at this from real world application. right now as we speak there are no caps to illegal immigration. as many people that cross the border illegally, we have to take them under custody. under this bill there would be a cap at 5,000. so if we look at december, we had 12,000 daily apprehensions. this would cap it at 5,000. and that cap does not mean that

we release 5,000. but then let's look at yesterday. yesterday we apprehended 6,5500 people that -- 6500 people. of those 6500 people, at least 85 are being released. under -- 85 are -- 85% are being released. so there's a lot less people that get released under this bill. so there's a lot of things in there. there's a lot of mechanisms that are good. so real world application, if we were to apply this bill today, we wouldn't be releasing even close e to what a we're releasing right now. stuart: have you talked to trump at -- about this bill? >> i haven't. look, i understand where he's coming from. i understand that he's saying that what i did was amazing, and it was amazing. and i fully support everything that he did on the border, and i fully support what he's going to do on the border. but this bill transcends administrations. this will go beyond biden. it will go beyond trump. it will go beyond the next president. so i'm looking at this from the

standpoint of we need something that is going to continue to go past and not just executive orders. what he's going to do is going to be amazing. what he did was amazing. but we need bills that are going to last past president trump. finish. stuart: if this bill fails, wouldn't that force president biden to start using executive orders? >> no, i don't think that he's ever going to use executive orders. i think that he'll go into the election saying that, hey, i'm going to continue on what i'm doing. that's what he's done to this point. so he can't afford to lose his base. if this bill were the pass, e would throw his hands in the air and say, hey, congress did it. i understand that from a political standpoint. i understand politics, and i can understand why republicans would go against this for political purposes. i get that. there is that as aspect to it. again, i am going to look at a real world application if as it would pertain to the border today. stuart: biden says impeachment efforts existence homeland security chief -- against

homeland security chief mayorkas are baseless and unconstitutional. what do you make of those comments? >> that's a flat-out lie. they are not base withless or unconstitutional. looked at what mayorkas is currently doing on the back end. every single time we release people into the united states, the moment they do not show up to their court appearance, they are in violation of that release order. by law, he is required to go after those individuals, and he's not doing it. if they're deported in absentia is, he's required to go after those individuals to ensure that they leave the country. he's not doing that. that's what the law requires him to do. he is not following the law, and he has to be held respond. stuart: if he is impeached and removed, nothing changes. >> no, no, it won't change. but it will at least show that people will be held responsible if they don't do the job. and if the next person doesn't do it, the next person should be impeached as well. stuart: all right. brandon judd, good stuff. of thanks very much for joining us. i know we're going to see you again soon.

>> thank you, stuart. appreciate it. stuart: biden's campaign co-chair. that's biden's co-chair, veronica escobar, she's slamming biden and the border bill. that's unusual. what's she saying? >> yeah. you get the feeling all bets are off when it comes to party allegiances. escobar is a texas democrat who co-chairs biden's re-election campaign offering a few choice words for the president when it comes to immigration. she accuses joe biden and others in her party of not moving earlier on reform, going so far as to call it a strategic mistake. when have you heard a campaign person call something a mistake this early on? quote, i can tell you even in el paso, a community of such goodwill, such of a loving community where where people open up their wallets and their pantries to provide hospitality for migrants every single day, there's exhaustion, and there is this sense that the issue has gotten so bad that something has to happen. if she is saying that -- she is saying that, if she is saying

that, talking about how bad it is -- stuart: publicly, right. >> -- biden is in a tough, tough spot. stuart: we knew that. lauren: you gave money to the migrant woman at the airport. and i just wonder e how sympathetic people continue to be when they see folks struggling in the street, but a z we're seeing the extent of it and how much it's costing us. that's what she was getting into, people are exhausted by it. stuart: i told them i'd give them some money to a woman at newark airport. she was outside the airport. we've got a lot of e-mails on that, a lot of responds to it. some criticism, some support. we're going to run them for you later in the show s and we'll get the public's reaction to what i dud. that's coming up. all right, todd, check futures, please. that opening bell ising up. a little bit of green, left-hand side of your screen. the opening bell is next. ♪ if whiskey river on the -- . ♪ a honky tonk song ♪

(fisher investments) at fisher investments we may look like other money managers, but we're different. (other money manager) you can't be that different. (fisher investments) we are. we have a team of specialists not only in investing, but also also in financial and estate planning and more. (other money manager) your clients rely on you for all that? (fisher investments) yes. and as a fiduciary, we always put their interests first. (other money manager) but you still sell commission -based products, right? (fisher investments) no. we have a simple management fee structured so we do better when our clients do better. (other money manager) huh, we're more different than i thought! (fisher investments) at fisher investments, we're clearly different.

i found a cheaper price on my meds with singlecare. did you say singlecare? i use singlecare. are we talking singlecare? i saved 40 bucks with singlecare. -that's cool. - yeah. i have all my customers check the singlecare price first. good job. whenever my customers ask me if there's a cheaper price on their meds. i always tell them about singlecare. you just search your prescription, find the best price and show your coupon, in the app, to the pharmacist. i found a cheaper price with singlecare! i know. download the singlecare app free today. stuart: futures point north. a little bit of green on the screen. jeffrey small join joins us. can the magnificent seven repeat what they did in 2023? >> well, i think they're already

doing it, stuart. you know, six is out of the seven stocks are performing better than the s&p 500 is or right at s&p level are, and meta and amazon and microsoft just had incredibly -- incredible reports last week. so, yes, in an economic environment like this, i believe the mag 7 as a group will outproduce and outperform the s&p 500 for this year as we see earnings declines continue in this high rate cycle environment that a we're in with challenging economics and what we call uncertain economics, stuart. stuart: okay. but it's the magnificent 7 is big tech which is providing double-digit profit gain requests. just about the only group in town that can to that kind of profit reporting. >> well, that's my point. i mean, in august everybody was making the call you've got to buy small caps, stocks that have low multiples, they've been beaten up. that call hasn't worked out so well, and i don't think it's going to work out. you buy what's growing. capital will be deployed in the stocks that are growing, and we know what had tell lahr

quarterly reports, four out of the mag 7 stocks had double-digit growth on their top and bottom line numbers, so you've got to buy what's growing, stuart. that's the reality of it. stuart: it takes such a strong stomach a, doesn't it? they've had such a strong runup, and you're saying buy now. i mean, that a takes real guts, count it? >> it does take guts, and so often times you want to do to do the opposite of what the market soothsayers are saying. the recession that never was, etc., etc. and so what's scaring people, stuart, is these stocks are approaching all-time highs or have is eclipsed and become new all-time highs. but the reality is the price to earnings ratios are aren't in the stratosphere. they're still undervalued, in my opinion, based on what these companies are worth over the next 3-5 years. stuart: jeffrey small, thanks very much for coming on the show. we're with on -- you're on tape, and we'll roll that back at you in at some point in the future.

the market has opened, we're off, we're running. a tiny if loss for the dow in the early going. we have got a preponderance of sellers on the big board. we've got, what, 2, 4, 6, 8, we've got about 16 winners -- i can't do the math. since when i do have to do concern. lauren: 12 winners and 18 losers. stuart: thank you very much. s&p 500, show me that one, please. i can read that. it's up 10 point, up close to a quarter of 1%. the nasdaq composite, a better gain there, about one-third of 1%, 15,646. let's is -- have a look at big tech. they're all up except for apple. meta, $466. a gawk of $7 -- a gain of $7. microsoft is at 407. amazon, 170. apple down 1 cent, $187. i want to look into meta with a bit more depth. they've just announced new steps to identify a.i.-generated content. now, this has got to be about

the political campaign and a.i. content. lauren: lauren: sure. >>. can we just say this is going to be the longest election ever? [laughter] and you're going to see a lot of outen -- it on facebook and other social sites. metais will expand labels for a.i.-generated content. it used to be you used a meta a.i. tool to make that deep fake? we'll 4r5eub8 it. now they're going to expand that to ebb terrible sources concern external sources. however, they have their own oversight board, well, we like this, we don't like that. and the recommendation from their own oversight board is just label content manipulated, period. don't do this investigation with you say, well, it violated this rule because of this and we're going to lessen its prom nance in the feed or we're going to remove it. the board is saying label it manipulated, call it a day. stuart: and the market likes it. meta is at $. lauren: up 147 percent in the past 52 weeks.

did you get it at 167? stuart: no, i didn't. lauren: wish i did. stuart: palantir, big with gain. 20% up. lauren: wow. stuart this is going to be the, again, a.i. lauren: the ceo says demand for a.i. is, quote, unrelenting. they are working on at least 600 pilots using these large language models and and such technology. revenue last quarter up 20. they now -- 20%. they now have four straight quarters of profitability can means palantir is eligible to be included in the s&p 500. something to think about. dan ives calls palinen tier the lionel messi of -- lauren: -- stuart: one of the world's best soccer players. lauren a lauren even i knew that. stuart: several reports before the end opening bell this morning. eli lilly have become a weight loss company. lauren: did you know they're the eighth largest company with a market cap of $670 billion? the eighth largest company.

two such drugs, mounjaro and -- [inaudible] recently approved by the fda brought in since early december $170 million in sales. mounjaro, $2.2 billion in sales in 3 months' time. these are enormous numbers. ely eli lilly says they're using the active ingredient for other problems like liver disease, and they're getting solid results. this is a high class problem. they say demand will exceed supply for all of 2024. they can't make the drugs enough. stuart: we're going to change the subject and the area completely. spirit aeroprosystems, big customer for boeing. lauren: their largest customer. if the faa chief says there needs to be permanent inspectors at spirit as well as boeing, and after a boeing -- their forecast because of the issues with the fuselages and the drill holes, spirit aerosystems has too.

stuart: spotify. lauren: the stock up 10.5%. monthly active users rose by 23%, and the premium users, that's how they make their money, rose by 15%. if you look at the numbers, one-third of overall a users are paying the most money to get their music. stock's up today, more than double last year. stuart: the stock has doubled in the past 12 months? lauren: in 2023. stuart: there's another one i did not see. lauren: yeah. in the past 12 months it's up 81%. stuart: show me hertz, they're down today 5 a percent -- 5%. is that because of evs? lauren: absolutely. bigger than expected fourth quarter loss. member -- remember, they said they're selling about 20,000 mostly teslas because they cost so much to fix. they took charges of $245 million in the past quarter to cover the depreciation costs related to their big investment in evs. big mistake for them. stuart: i know check is an

education -- cheg is an education technology company. i thought they were trying to incorporate a.i. lauren: yep, and they are. students are can now ask the cheg tutors a question and get an automated answer a just like that. in fact, in the past year they overhauled their entire platform if because the kids were gravitating towards chatgpt. you get your answer like that. but the you're haul will take time. how patient are investors, is the question. how cheg is forecasting for the year sales and profits less than wall street expects, and they're actually cutting prices for some of these a.i. services just to compete and spur demand. stuart: i got up this morning, scandal in the markets. china stocks, china market straight up almost across the board. lauren: i mean, yeah. stuart: what's the story? lauren: state intervention to prop up these markets. two pieces of news. the president of china, president xi, is set to meet with financial regulators to do something about the heavy stock market losses recently.

the chinese have lost confidence in the market. that's the story. how do you change that? the second piece of muse is a beijing sovereign wealth fund is investing more in etfs. so you did see this bounce today. you're seeing it with jd, nio and xpeng up 5, 6, those are ev makers. but can youen convince china's main street that its wall street and economy are okay? i mean, it's like -- i would say it's, the economy in china has stag may noted, and that's what regulators and president xi are battling right now. to the extent that they care, i'm not sure, but that's what's happening. stuart: oh, they care. they want prosperity for china, not poverty. thanks, lauren. we told you about how rapper 50 cent blasted new york city's plan to give migrants prepaid credit cards. mayor eric adams responded like this. roll tape. >> i told 50 cent to hit me up. i would love to explain it to

him so that he can go out and do another tweet of saying, you know what? eric is just a smart manager, and now we understand why he was elected by the people of this city of new york to be the mayor. he made the -- he may even write a song about me. stuart: well, we're see about that. the $53 million in prepaid credit cards for migrants, not sure everybody likes that. the administration backtracking on trump era policies they had reversed. we'll e tell you which policies biden is bringing back to life right after this. muck back to life, back to the present time. ♪ back to the fantasy, yeah ♪ ♪ ♪

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president biden reversing course? yeah, he's now backtracking on some trump era are policies that he had squashed as soon as he got into office. edward lawrence at the white house. okay, edward, which policies is biden backtracking on? >> reporter: yeah, stu, we're seeing some changes here, going back on a number of different things now we're three years into it. one of the big ones, the border wall. the first week in office president joe biden decided to halt work on the border wall. now we have a negotiated deal between the white house involving senator chuck schumer as well as senate minority leader mitch mcconnell where there's money available in 2028. the biden administration reversed the designation of the houthis as a terrorist group. free from sanctions they've amazed drones and ballistic missiles being shot at ships in the red sea. three weeks ago biden reversed that reversal making the houthis a terrorist group again. >> and i'm certainly not minimizing the attacks that the houthis have continued to attack on ships, but, but we have not seen it grow into a

conflagration and a wider e regional war. and the president really has worked very, very hard to prevent that. >> reporter: and since president biden has come into office, he's given about a billion dollars to the united nations relief and works agency. the former president trump unfunded that group saying that it could not be trusted. several reports accuse the group of funneling aid money to hamas. israel now claims members helped in the october 7th attacks. republicans say there were no middle east wars under the former president. listen. >> actually, in fact, peace breaking out across the middle east with the abraham accords under president trump, and now the entire region is on fire. appeasement as failed. appeasement has invited escalation by our enemies who smell weakness. >> reporter: and president biden has now paused money to that a relief organization. the organization itself, i should point out, denies the fact that it funneled money to hamas as well as denying the fact that its members were involved in the october 7th attack. an investigation is underway

over that. stu? stuart: edward, thank you very much. iranian proxies have attacked u.s. bases 3 times since our major counterstrikes began over the weekend. lieutenant general keith kellogg with me. general, it seems the houthis have not been deterred at this point. >> yeah, stuart, thanks for having me this morning. well, they're not, because the strikes that we took in the last few days were really punitive strikes. in other words, they were strikes designed to pay them back for what they did to or three soldiers and attacks in the region. a deterrence strike is significantly different in scope, depth and targeting as well. deterrence strikes are intended to tell the other side, stop it or we're going to go to a level that you just cannot tolerate. what i mean by let's just say a deterrent strike, for example, let's say insideman iran. you go after their fordo nuclear enrichment facility or leadership, either that neighborny or the -- khamenei or the leader of the quds force who

replaced soleimani, or you go after their industrial base or their oil base, or you go after a target in the red sea, their spy ship. you do something to tell the people that are really involved with this, which is iran who support the houthi, hezbollah and hamas, they're the ones really behind it. that's where you have to go. those strikeses made everybody feel good -- stuart: general -- >> -- but it's not effective. stuart: i think you'd agree we me that we are unlikely to go after iran directly. that would be a big step for this administration to take. which means we'll continue the tit for tat with the houthis, and that means we're in for a long haul, right? >> yeah, you're absolutely right, stuart. we are in for the long haul because nothing's going to change. and the concern everybody should have is that with escalation, this could break out and something bad can really happen.

you know, what you're trying to do with deterrence is put everything back in a box, and the longer this goes, the harder it is. what you're actually saying is we can accept this level of violence in the region. so over time, expect more attacks, obviously, expect americans to be killed, probably and expect us to do really nothing in the middle east region to solve the problem between israel, hamas, hezbollah and anybody else. we're just kind of whistling past the grey yard: and -- graveyard. and it's all a based on one thing, a lack of leadership. you can have all the advisers and capacity in the world, but there's only one person who really drives national security, foreign policy. that's the commander in chief, the president of the united states. and if he's not willing to do that, it doesn't make any difference how good your capacity or capability is. nothing's going to happen. and that's where we're at. stuart: i need your comment on antony blinken, he's over there in the mideast in the -- at the moment trying to negotiate is a release of israeli hostages.

is there any hope for the hostages? give me 30 seconds. >> no, i don't see it. that's -- look, stuart, i know that's a harsh assessment, but i just don't buy after this many days manager's going to happen. blinken's not no respect among the saw itys, binal man didn't have a lot of expect respect for him. and i'm sorry, you're probably not going to see the israeli soldiers. there's still 8 americans that are held hostage. after this amount of time, i think the probability of getting them back is less and less. stuart: terrible thing, just terrible. general, a pleasure to have you on the show. come and see us again soon, please. thank you very much. >> thanks, stuart. stuart: msnbc host joy reid was pressed on her recent hot mic moment. what'd she say this time? if. >> she was on "the view," and if you remember that comment, she was overheard saying joe biden was going to get us in another [bleep] war, not going to use with it here, here's what she said to the ladies of "the

view." watch. >> i'm an indiana--- anti-war person, so i don't want to say there's any side specifically to blame here, but i think the idea i think for most americans, we're war weary. i think we're all a weary of conflict, and we would like to see us progress economically, socially, try to bring this country back from the brink of racial hatred. let's not do war at all. >> she previously apologized to her own audience for what he referred to as a behind the scenes chatter. stuart: the behind the scenes chatter. >> that's one way of -- stuart: that's a hot mic and you get caught. all right, thanks. coming up, i don't believe this -- [laughter] a majority of general gen-zers say that the stress of filing taxes has brought them to tears, and many if claim they've had to get help from their therapy u.s. to recover from the taxing experience. forgive the pun, please. we really do need comedian jimmy failla a to get some number for us all on this. jimmy will be here later.

whatever you think of trump, he's right on the border. he opposes this bipartisan border bill, and he's accused of playing politics because he opposes it. in my opinion, it's biden and the democrats who are playing politics. that is my take, and and you'll hear the rest of it at the top of the hour. ♪ quit playing games with my if heart, with my heart, with my heart. ♪ i should have known from the start, my heart, my heart, my heart ♪

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stuart: venture capitalists in silicon valley are sitting on a record amount of cash, try $303 billion. kelly o'grady with me, here in new york, by the way. why are they keeping so much money on the sidelines? >> reporter: because they can get to be choosy right now. they have the luxury. the vc market is showing the impact of high interest rates and the economic uncertainty that we're seeing, and is you look back at covid, right? there was tons of investments. start-up huhs enjoyed really high valuations, but the market has seen a 180 since then. vcs are sitting on over $300 billion in unspent cash after

raising $435 if billion between 2020 and 2022. so they've got the money, they just aren't as willing to spend. if you look at a investment, it shows it's slumped 30 percent from 2022-2023. so the promise of those outside returns used to be enough. but we spoke to a partner at m13, a bicoastal vc firm, who says the thresh threshold has become far more strip gent for every industry except one. >> we're looking for companies using cap aal in a much more efficient way, there's a much bigger focus on profitability, unit economics and financial performance as opposed to just straight growth. >> reporter: now, a.i. is the one that's defying the odds, right? big surprise. so the market is seeing $100 million seed rounds based on far-off outcomes versus the current financial picture. big tech outspent other investors 2 to 1 last year, so how quickly is the vc market

going to open up, stuart? it's going to depend on the ipo market, right? firms make money when they're able to exit, and currently the ipo market just isn't very hot. i've been on the investor side and the start-up side is, right now we're in a vc market. there's always that shift, so vc get to be choosy. stuart: and they've got the money should they choose to use it. >> reporter: exactly. stuart: thank you very much, indeed. look at that, 9:55 already. doesn't time fly when you're having fun? thank you for being with us. >> my pleasure. stuart: in florida you're not allowed to hire illegal migrants. welsh i'm going to double check that with florida attorney general ashley moody. is that accurate? don't know. trump wants to debate biden immediately, but biden is shrugging it off. trump looks more and more presidential, doesn't it he he? charles hurt on that. and you all know i love the carhart brand. carhart has created a swing women's -- spring women's fashion line. i'll be joinedty can -- by the

chief brand officer. would you wear carhart in new york city? the 10:00 hour is next. ♪ ♪ get help reaching your goals with j.p. morgan wealth plan, a digital money coach in the chase mobile® app. use it to set and track your goals, big and small... .. could help put them within reach. from your first big move to retiring poolside - and the other goals along the way. wealth plan can help get you there. ♪ j.p. morgan wealth management.