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tv   Varney Company  FOX Business  February 14, 2024 10:00am-11:00am EST

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stuart: valentine's day, that kind of music, that is a new one. good morning. terrible thing to say. all human beings should be in love at some point in their life. every -- it is 10:00 eastern time. straight to the money. nice balance for the nasdaq but we are up one hundred 16 on the nasdaq. what the 10 year treasury yield? it down a fraction above 4.4%. the price of oil moving up a bit, $78 a barrel.
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50,000, $51,882 per bitcoin. mayorkas has been impeached, now what? he could go on trial in the senate. impeachment managers and house, has a jury. politically the outcome is not as important as the process. he may or may not be removed from office but a public trial will keep the border front and center into the spring and it is not what this administration wants at all. they will move heaven and earth to get the senate to dismiss the whole thing but that would look bad, the border crisis has become the biggest issue in the election and mayorkas impeachment highlights an issue the biden team would love to sweep under the rug but they can. several thousand migrants a day or coming and it was trump a possible winner in november expect another surge, get in while you can. they are flown and bused around
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the country, straining resources everywhere. some migrants have been involved in public crimes. is there anyone in america who is not seen the video of migrant thugs beating new york city cops. bills are coming due, hundreds of billions of dollars. all this comes out of there's a mayorkas impeachment trial, lasting democrats want is the border issue laid bare in the senate publicly just as the president grapples with his cognitive ability. mayorkas did what biden wanted him to do. will be a trial of biden's border policy as well as a trial of mayorkas's actions which second hour of varney just getting started. ♪ wednesday morning. lose peak is here. is the impeachment of mayorkas good for the public and party? liz: you laid out, keeping it
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out on the front headlines is the most important thing donald trump could do or the republican party going into november. everyone is angry about it. it's a fiscal issue, national security issue, something anyone in their right mind cannot imagine we are allowing millions of people to come into the country illegally and many of them have no idea who they are, where they've gone, i was writing about pfizer and the vaccine at measles and issues that are coming up medically, migrants aren't inoculated against these diseases, we don't even know what they are bringing into our country and there are disturbing reports of new diseases popping up in la and stuff. this is a horror show and it is now one as you point out that's going to be very visible i think through november. blue when i read your op-ed, you say donald trump could ride the special counsel's report all the way to the white house
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but only if he avoids these potholes. which potholes must he avoid? liz: what should he be talking about, immigration, the border, because he has real could ability on this, he fixed it, biden is not fixed it. is made it worse. also the economy, should be talking low regulations, low taxes, keeping the trump tax cuts in place because biden is going to reverse that, trillions of dollars in new taxes. which and to talk about? everything else. he should not talk about nikki haley's wardrobe, nikki haley's husband. he shouldn't talk about nato. anytime he does one of those blustery tongue-in-cheek things as he recently did about how he threatened to allow vladimir putin to invade a nato country, they weren't paying their 2%, the left goes crazy on that, you should do overview of the headlines that sparked because they were very dishonest, very misleading but it feeds the narrative the trump is
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dangerous, we can't trust him so you're better off with a senile old man who has gotten us into two wars than we are with someone who speaks a big game but most of it is bluster. stuart: there was a time after the fox town hall with donald trump and after the iowa caucuses which he won where his tone seemed to be coming down a notch or two, a kinder, friendlier tone, but then he can't resist it. >> impulse control is not his strong suit. we can agree with that but you are completely right, there was that tone change and i say two things about that. one, i hear from people in the campaign. he is listening. you wants to win and he's listening to people give him advice. i'm not going to be giving him advice. he has better advisors than me but he's open to suggestion about what's going to work and what is not going to work. the other thing we are undervaluing, his campaign is
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way more professional than it was the last time around. this is a very different campaign. it is much more disciplined, if they can throw that discipline over donald trump that would be great because he can win this election. stuart: you call it impulse control is a must for donald trump, not his strong suit. thanks very much. attorney general of west virginia urging kamala harris to invoke the 25th amendment. kamala harris should invoke the 25th amendment? lauren: patrick morrissey says biden is unfit for office and that is why another he wrote to kamala harris, detailing the memory loss of the president in recent couple weeks, he said it is your responsibility to invoke the 20 fifth amendment, in 1969 when they were dealing with jfk and succession after
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his assassination. i couldn't figure out why he's telling harris she has to do that. stuart: go to the process, it has to be the vice president and the vice president has to get a majority of the cabinet on her side. then you can invoke the fourth article of the 25th amendment but you do need the vice president to start the ball rolling. how about that. she's not going to do it. lauren: democrats including chuck schumer are calling this right wing propaganda. stuart: interesting story, thanks, back to the markets, look who's here now. eddie ghabour. we had a big dip yesterday. did you buy it? >> we did not purchase thomistic equities on the dip because we are a little concerned about the interest rate movement we thought india would be a non-correlated asset to our move on interest rates but we do think this is the start of another viable dip,
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two in january we took advantage of and involved aggressively and this one, being patient on a drastic side because the 10 year has moved from 3. 8 to 4. 3, violent and historic move and we want to be patient here as we get more inflation data on friday. of the 10 year stays at this level. you will see some added pressure on the equity markets and that will be viable because we believe we will see some acceleration on equities as we get to this choppy first quarter as we have been expecting so it will be a viable dip but you have to be in the right places and timing is cricket. stuart: it is all about the federal reserve and what they do with interest rates. that is where we are. >> the bond market is more important than what the fed does because if you look at what's happening with the bond markets, they are tightening for the fed whether they like it or not, the fed, their hands are tied because of how much government spending we have, they can raise rates or cut
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rates and if inflation stays where it is we are going to have a problem so we need to focus more on the treasury moves and 10 year versus what the fed does. it is safe to say no cuts in march, but may is a coin flip at this time and if oil keeps accelerating, we may have may off the table. stuart: am i right in the saying for much of last year you were out of the market but this year you are buying dips, most of the dips you will buy into depending how far down it goes. is that an accurate statement? >> exactly right. last year we were between 50% to 90% cash, this year we are going more fully invested as we go through the first quarter. stuart: any clear-cut position, we understand it. always appreciate it. now we look at some of the movers. lauren is back. marathon digital. lauren: bitcoin hit 52,000
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earlier. the total amount of money invested in bitcoin has surpassed $1 trillion today for the first time since november 2021 thanks to the influence. stuart: what does marathon digital do? lauren: all the crypto stocks are higher today. stuart: then we have instant cart grocery delivery. lauren: low-margin business, stock is down, a slowdown in their advertising and more incentives to get them to use the apps. they are both tightening, cutting 250 jobs. stuart: robin hood. lauren: record high, 1310, 10%, surprise profit, crypto currency up 10%. equity revenue up 19%. almost 11 million monthly active users. stuart: next case. the tees. this is what is coming up on our show.
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former member of the chinese commonest party said she was shocked to find out biden joined tiktok. she called the move desperate. border patrol apprehended 269 chinese nationals in the san diego sector. chinese nationals make up the largest growing telegraphic of migrant crossings the southern border has seen. what's behind the surge. brandon judd on that next. u. you! your business bank account with quickbooks money now earns 5% apy. (♪) that's how you business differently. intuit quickbooks. ♪ looking good, guys! thanks! vacations are better with the credit gods are on your side. i'm coming up! rewards once available to the few are now
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stuart: a good rebounder for the nasdaq up one hundred 12 points.
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the more modest rebounder up 50, s&p up 26. the house has impeached secretary mayorkas, first time a cabinet secretary has been impeached in 148 years. what happens next? >> history in the house with the impeachment of mayorkas, he shares the ignominious distinction of being the second cabinet official ever impeached joining secretary of war william dunlop. a senate trial comes later this month. >> i would be surprised if they didn't try to rush it. every time we try to talk about the border he's in a reelection this year. i will be shocked if it doesn't move quickly. >> green will represent the house before the senate as one of the prosecutors, senate majority leader chuck schumer says the trial begins after senate recess. the senate pro tem patty murray is the most senior member of
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the majority party, she will preside but the senate could move to end trial shortly after. >> how does impeachment secure the border? >> sends a message we are not going to sit by while the secretary of homeland security fails to do his job of keeping the homeland safe, that his main job. >> reporter: the impeachment vote was 214-213, three republicans voted no, that includes ken buck of colorado. >> i'm not making any excuses for what's going on. secretary mayorkas goes down is one of the worst cabinet secretaries in my lifetime, but it's not a high crime or misdemeanor. when we break that barrier the other side is going to do it over and over to us, to our president, to our cabinet officials. >> reporter: the house wanted to vote quickly after losing a vote to impeach mayorkas last week because democrats won the special election in new york.
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it's not the math, republik and would likely want to vote now now that tom swasy won the special election. stuart: one hundred 24,000 migrants were apprehended at the southern border in january. that happens to be down 50% from december. national border patrol council president brandon judd joins me now. why the slowdown? >> reporter: simply the time of year. when you compare january 2024 to january 23rd which is comparing apples to apples, we are up 12% over what we were from last year. we set records in 2,023. when you look at these you can't compare month over month, you have to compare the cycles that happen every year and we saw the regular cycle taking place again. it's not that they are down from previous years but up from
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previous years which clearly shows that this crisis continues and president biden is not doing anything to get a handle on it. stuart: do you expect a new surge across the border as trump looks more likely to win? >> we do. we saw this when donald trump was up for reelection again. we saw a huge surge when president biden was going to win, they wanted to be here before he took office knowing he was going to put policies in place that were going to protect them so we see that, the cartels are intelligent and everything they do. they know what the abend flow of our politics are, they know how to generate money based on what our politics are. they also understand what the media is reporting it as long as the media reports we are down in the month of january even though we were 5 to 6 times higher than we are in any normal year that works for them. when they see that, they see these numbers are being normalized. when you see the associated
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press saying look at this huge drop they are recognizing they are setting new standards and the new standards will help them continue to generate profits. we need to drop illegal immigration back to what it normally is, 30,000 apprehensions per month, not one had 24,000. stuart: border agents in san diego just arrested 269 chinese migrants in just one day. why the surge in chinese nationals coming across in california? >> there is a lot they are going through, best case scenario this is a new demographic coming in worst-case scenario the chinese government who is an enemy of ours is trying to get as many people here now. i don't want to cause mass hysteria where there's a lot of hate toward chinese in the united states. we need to allow law enforcement community to work, allow them to investigate, to
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find out what is the reason at how to stop this. if biden is not willing to step to the plate it doesn't matter because they will keep coming in. we know china don't like our government so that could be one of the reasons -- i don't want to cause hate toward the chinese in the united states. stuart: nbc reported the president is considering executive orders. anything in that at all? >> i don't. he does that, everyone will say he was wrong from the get-go, should have done it two years ago when he took office and they will be able to say we told you he was wrong. he constantly set i've done everything i can do. if he gives us policies and cuts the flow, then everybody is going to be able to blame him for this chaos whereas the
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mainstream media continues to cover for him and he knows that. i expect everything to be status quo. stuart: if you don't watch fox you don't know what's going on at the border. president biden's campaign getting more back lash after joining tiktok. what are critics saying now? ashley: one of those critics, former member of the chinese communist party, republican running for congress in new hampshire, says she can't believe biden would use a platform that's being manipulated by beijing. >> is he aware of the risks, all the data is subject to ccp use and he needs young people's votes, he chooses tiktok because he knows that is where
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young voters are and they are easily manipulated and controlled and brainwashed to continue and this is still far away but their arms appear. ashley: biden's own party pushing back, mark warner, the senate democrat from virginia is accusing the biden campaign of sending mixed messages. he's worried not only about national security implications but also the ability of china to use algorithms to manipulate younger voters. mr. biden signed an actor that banned the use of tiktok on government devices. there is a mixed message. stuart: we remember it well. a new york times report claims john kirby is becoming frustrated by karine jean-pierre's role in his press briefings. we have the story. the idf confirms multiple
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rockets fired from lebanon hitting several cities earlier this morning as israel shares a big update about a hamas leader moving around underground in gaza. trey yingst live on the ground with a that report next. trading at schwab is now powered by ameritrade, unlocking the power of thinkorswim, the award-winning trading platforms. bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. tailor the platforms to your unique needs with nearly endless customization. and track market trends with up-to-the-minute news and insights. trade brilliantly with schwab.
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todd: look look at big tech, that's where the money is, it's coming out a bit this morning, apple is down one hundred 83. the rest showing a modest rebound after big losses yesterday. meta-the best performers up $10, 2. 3% at the top of the list. lauren is looking at the movers. i own a small section. >> on a $7 billion buyback, its it's first share repurchase program ever, last week uber posted its first annual net profit since its ipo in 2019, signs of a maturing company. stuart: is a local real estate company. lauren: it is a housing super apps transforming the way people purchase and sell homes and how they rent. the stock is up 10% on earnings. stuart: summary recommended citigroup.
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lauren: the price is going to $63 a share, they are confident in the turnaround, ceo jay fraser, their words, it's targeted and they like the cost. stuart: they think it is going up to $63 a share. that would give you $9. when i invest in big tech i'm looking for 20%, 30% gains, that is what -- we've got use to it. moving on. israel is facing attacks on its northern border. the idf confirms one person dead, several hurt after multiple rockets were fired from lebanon. trey yingst is in tel aviv, the latest please. >> reporter: sirens sounded across northern israel amid new rocket attacks by the lebanese wasn't group hezbollah. according to reports, at least one person was killed and several others injured in the northern part of the country.
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the target did appear to be northern command headquarters. the israelis have started to respond, striking launch sites in southern lebanon. switching to the southern front, one hundred 30 one days into the war we've gotten a new video from the israeli military that shows hamas's leader in gaza. the footage captured by hamas cameras and recovered by the is really military. it shows him and his wife and kids ladera tunnel under the city, the images were captured just three days after the october 7th massacre, it does give us a glimpse into how the terror leader is moving through gaza. >> the people of gaza are suffering aboveground, he is hiding in tunnels underground, underneath. running like the coward that he is. >> reporter: report in israel indicate benjamin netanyahu pulled back his delegation that
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was in cairo this week for discussions about a possible cease-fire. netanyahu looking to put new pressure on hamas as these talks are ongoing. stuart: president biden being accused of betraying israel after meeting with the king of jordan who called for a cease-fire and the king also told his real don't attack rougher in gaza. general jack keane joined me now. is biden walking away from israel militarily? >> i don't think so but he's wire brushing benjamin netanyahu. not very useful in terms of the relationship. it's no secret there's a lot of tension in this relationship and the united states has been heavy-handed i think behind the scenes in trying to dictate tactics to the idf, the israeli military capability, military forces. i think the israelis understand what's happening here.
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they know full well this is a town of a few hundred thousand that has about one. one million people in and around the town in temporary shelters and they know full well how dramatic this would be to conduct military operations in and among those people, the israelis are trying to get a lot of these people moved out to the coast in egyptian established tented. it remains to be seen what's going to happen but the challenge is in front of the israelis are still formidable, 1/3 of the hamas fighting force is still effective. much of it in the south. number 2, the reality is that many of the principal leaders are still alive and you identified their number one leader and how diabolical is that, where he goes out of his way to protect his family, his wife and children while he
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exposes the gazan people because there are no tunnels for them, there are no bomb shelters and also what the israelis are facing, there's 100 plus hostages we believe are still alive, all those challenges are in front of the israelis as they are trying to put together a campaign to deal with hamas and at the same time deal with the explosion of people in the area. stuart: and the opposition on occasion to president biden. president biden has a warning to lawmakers who oppose sending more aid to ukraine. watch this please. >> president biden: we can't walk away now. that's what putin is betting on, he flatly said that. supporting this bill is standing up to putin. opposing it is playing into putin's hands. i say to house members, house republicans you got to decide, are you going to stand up for freedom or are you going to side with terror and tyranny?
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are you going to stand with ukraine or putin? stand with america or with trump. stuart: how do you feel about republicans walking away from a do ukraine? >> i think the real issue here is want to see ukraine survive but we at we are trying to do in terms of vital national security interest is stop putin. if we don't provide the aid it is indisputable that there will be a huge erosion of support for ukraine and the bombers and missiles that are attacking the cities, right now ukraine has been able to defend principally against a lot of that, not all of it but most of it, that will he wrote in these cities will start to suffer significant casualties and likely they will lose to begin to lose as putin moves in with their support
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that ukrainians cannot defend against so they would eventually lose ukraine but russia takes ukraine, he has already indicated what he intends to do and that is expand the war. is conducting hybrid operations right now as we speak with russian minorities in the baltic states similar to what he did in 2014 with crimea and eastern ukraine. he fully intends to expand that war into that area. what would that mean for the united states? we have to put more forces in. of 35s we don't have any consequential number, bombers we don't have in any consequential number will have to get in there. where are the of 35s and bombers now, in the indo pacific region. we've got to see the seriousness of the threats we are facing and connect the dots much china, xi aggressive in the last 2 to 3 years. iran on the margin the middle east with its proxies.
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russia on the march in europe. why is this? weakness of this administration and weakness of the united states political system, they certainly are aware of the fact there are a number of republicans who do not want to support ukraine and wanting to walk away from ukraine and give russia the hand is they want. that's an advantage in europe they've not had in 45, fifty years. stuart: general jack keane, thank you very much for bringing us your expertise, appreciate it, come back again soon. john kirby frustrated with the white house press secretary karen jean-pierre. what is this about? lauren: number one, who is number one. the new york times is reporting john kirby has told foreign officials and private that he aspires to be press secretary. he's been sharing the podium with karen jean-pierre because he has more international experience and there are two wars going on. president biden like him.
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he is a steady, longtime washington hand. k jp still runs the show. how do we know that? she calls on which reporters get to ask the questions even though kirby is answering the questions. he doesn't like that according to the times which publicly they both say they respect and admire one another. privately report say their relationship is fraught, there's the optics of it. biden even if he does prefer john kirby cannot have a white male upstage a black female. stuart: karen jean-pierre still the press secretary. and kirby is -- lauren: he was promoted to assistant to the president. and shares the podium it often gets a lot of questions. stuart: more on this later on the show. now this. taylor swift and kanye west drama continues which we are told popstar got kanye booted from his seat at the super bowl. did that happen? we have details. the 26 soccer world cup coming
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to america and expected to bring a lot of money and jobs with it. grady trimble has details on that next. ♪ ♪ as the head of hr, i help lead a successful home security firm. our teams work hard to secure our customers' most valuable assets. and while they do that, i work hard to secure ours... ...our people. that's why we chose principal to provide the benefits and retirement plan that show our people just how much we appreciate them. benefits help us keep top talent. —hey mom. benefits help us grow. because we know how important security is to all. ♪
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stuart: just eating a chocolate valentine. lose peak and gave it to us and i just ate it. very bad timing. i put the chocolate in my mouth and they said 10 seconds. let me move on here. the 2026 men world cup coming to america, expected to be a major boost for the economy. how much money do the home cities expect to bring in?
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>> a sweet treat for the host cities. if you combine all of them the total economic impact expected to be north of $5 billion but that's from a study from 2018, the most recent one we've got. governor phil murphy of new jersey says just in the new york new jersey area they expect to billion dollar economic impact with the final being played at metlife stadium in new jersey. this is going to be the biggest world cup yet, spanning three countries, games in the us but also in mexico and canada, 48 teams, more than the usual 32. i had a chance to talk to the head coach of the us men national team about his expectations for 2026 after losing in the first game of the knockout stage last time around. >> have to get past the round of 16. >> i think so. we are going to be hosting and you know how americans get
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behind their teams and we want to use that momentum and do something special. stuart: greg is a former mls guy, major league soccer as player and a coach. you talked about it on the show. countries like saudi arabia are investing huge money into growing the sport of soccer but he makes the case that that's actually not going to set the mls back even if the mls is not pouring as much in the short term into the sport. >> year-over-year maybe not but if you look at the collective time they are doing this, they've been it for the long run. it is sustainable and i think that's important. add to the fact that we are able to get lionel messi to play in the league, a huge statement brings a lot of attention to the league. >> reporter: you will be able to watch the 2026 world cup on fox. we are a long way out but i'm officially as of today throwing my head in the ring to cover it. stuart: i bet you are, good
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luck, see you later. thanks a lot. espn reportedly struck a new deal with of the college football playoff. details please. ashley: grady will be behind me in the queue. espn has agreed to a 6-year deal worth one.3, through the 2031 season. college football player says there are issues including the format of revenue distribution but the playoff expands from four teams to 12 this season and the deal will pay the cfp $608 million for 7 games, two playoff semifinals, championship game and four other major ballgames. of the tv networks including fox and nbc and streaming platforms expressed interest. although a deal has been reached with espn network could sublicense some of the playoff
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games to other networks. anyway you look at it, that's big money. stuart: you got it. what do you know about this? taylor swift and kanye west have problems all the way back to 2009 but we are now learning something happened between them during the super bowl. you know what happened? ashley: there's a claim that swift had kanye kicked out of his seat after the rapper purchased that scene in front of a private suite. the claim is made by brandon marshall who says in his broadcast they bought the seats, and they will be here smiling even though he was wearing a mask. marshall says swift called for kanye's removal. the feud between swift and west goes back to 2009 when the rapper ambushed the speech with the mtv video awards.
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reps for west have issued a statement, it is a fabricated rumor, it is not true. that's a solid statement, no comment from the swift camp. stuart: a good tagline, do we care. new york democrat tom s is about was dagen: in a special election for george santos's house seat. we will tell you who trump is blaming for the loss. the fbi fears venezuelan gang members teaming up with ms 13 killers in new york. new york congressman nicole malliotakis will tell us what she knows about this next.
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stuart: new york democrat tom swas dagen: defeated republican and a special election to fill george santos's seat. why did the republicans lose this seat? >> anything from the weather to their money democrats spent, they spent $25 million to get some one who has a history, well known in that district against a relatively unknown individual in a short time.
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a lot of factors. it is surprising to me considering what's going on in new york under democratic leadership and president biden the republicans did not do better but we have another shot in november that we have to focus on. stuart: donald trump is claiming he lost because she did not endorse him for president. is that a reason he lost? why she lost? >> reporter: it may not be the only reason but as a factor. in a special election it is the base, the energized base of the republican and democrat party, if you don't support the presumptive nominee you try to distance yourself from donald trump, who pulled quite well and that district. that was a mistake. stuart: is there, this is a particular interest to the people who live around new york city. is there a venezuelan crime group operating in new york
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city. >> it seems there is definitely an organized effort among the migrants that president biden gave parole to to enter into our country and there certainly is an organized effort when it comes to shoplifting, pickpocketing, robberies and other crimes, the cartels have operated in new york regarding drug trafficking, and they are not eligible, released onto the street when they are caught. that's problematic. what you are seeing is a combination of the failed democratic policies from the federal, state, and city level, president biden gave them parole. our mayor incentivized them to come to new york city with free housing and tying their hands to cooperate with ice. i sat with the ice director last week calling for the city
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to resume cooperation to deport criminals. is ludicrous they are committing crimes, getting released because of new york's bail law and on top of that, the mayor offers them free housing in a luxury hotel at our expense. stuart: when you see this going on in the city and the results of a special election outside the city, how you to wonder why the republican lost so badly. always stuff going on. >> i am shocked as well. this was a good opportunity for people of queens and nassau county to send a strong message to the mayor, governor, and the president. perhaps these voters like migrant shelters opening up, they like this crime. i can't speak for those voters but they sent the wrong message that they wanted to all stop. we want surprising result and shocking too. thank you for being with us.
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thank you very much indeed. still ahead, guy benson on the white house stopping republicans in getting transcript of the special counsel's interview with biden. morgan ortagus on the president criticizing republicans for prioritizing the border over ukraine. can golden has kobe bryant's jersey up for option and a lot else too. the 11:00 hour is next. ♪ ♪ you know, when i take the bike out like this, all my stresses just melt away. i hear that. this bad boy can fix anything. yep, tough day at work,
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