free agency starts shortly you have to be working looking over your shoulder all the time as soon as you let up it is over. maria: yeah. >> and such a fine line in the difference. you could see it in the game. i mean look just little things makes such a difference, but you know the great lesson here, is never give up, and preparation hard work meptal toughness how cool over a million people band together. >> robert kraft congratulations thanks for bringing the trophy in "varney & company" begins stuart we cut bioskwlour listening to a champion here. >> worth it maria absolutely worth it congratulations, sir, great win. wake up on monday morning you want to know how is money doing folks relax, the trump rally continues, and so, by

the way, does the live action presidency, good morning. 20,000 -- 20269 dow close will go up another 30, 40, 50 points this monday morning, we are close to 2000-point gain for the dow, just since the election, this is the tax cut coming soon rally. also this man is leaving rally dan tarullo punished banks with regulations leaves fed in april opening door for president trump top loosen wall street reins all action presence it is all action all over again, we may see a rewrite of the immigration executive order today. that will be very contentious, we will see canada's prime minister at white house a joint news conference with president trump, differing views on travel restrictions and trade will come up it will be contentious, week four of . stuart: i am week four of the presidency shaping up to be

like one, two and three. america adopts a growth agenda. intense hostility from the media and hollywood and democrats swing further to the left. politics and money and plus, disaster in california. "varney & company" about to begin. ♪ >> there is a crisis in northern california, and crisis is the right word to use. the country's tallest dam is crumbling, in danger of collapse. several counties are at risk. let's deal first with the facts on the ground. ashley, how many people have been ordered to evacuate? >> very close to 200,000. if this dam fails, the emergency spillway, taking the extra water collapse, we could see a wall of 30 feet high of water sleeping down. this is the dam about 75 miles

north of sacramento. the latest news is more encouraging about a half hour ago, officials say that the water levels at the dam at lake oroville are continuing to drop, which is a good sign. the problem is there are two spillways to take the excess water. both are damaged and that's what created the evacuation. stuart: close to 200,000 people have been told to get out now. liz, governor brown wants federal emergency funding. it so curse to me, that the president will some leverage with governor brown. >> he could say you're my arch enemy, a paper said nemesis potentially asking for help. wants for that the northern california and the sanctuary city and climate change, the

counter point to the president. stuart: it's discretionary. >> he cannot impose any conditions, only the conditions can impose conditions. stuart: wait a second. >> i'm sorry to jump in, but we can't give the wrong impression. only congress can impose strings on the president's money. the president gives it or doesn't give it. he way mant the strings. liz: forgive me, when i read the fema rules and the way that reporters and jerry brown is talking about it, he's saying the president could say this amount is justified, and this amount is not justified. >>, but he can't have the stings and say-- >> i wish he'd say that, say that, judge. we're gut tons for punishment. take a look at futures, please, all three major indicators close, record highs friday, the dow is going up this morning. i'll remind everyone, it's up almost 2,000 points since the election, it's the trump tax

cut rally. liz, digress to you again. liz: yes. stuart: it's also the daniel terullo. liz: he's the one that set up the rules, and he's stepping down. and it's effecting global money centers, his stepping down and what drum p does. paris, london, sydney, they're talking who will donald trump pick, could be john allison from bb & t. stuart: the banking rules without going through congress and changing the nature, the makeup of the federal reserve garns. liz: and janet yellen's term expires next year and he could change the look. stuart: without going to congress. got it. >> he could make ron paul the chair. [laughter] talking about live

action president. well, listen to this, a rewrite of the president's executive order on immigration could be coming sometime today. the aforementioned, large voice that we heard from judge napolitano is here. >> couldn't help myself. stuart: is it possible to rewrite the executive order on temporary travel restrictions in a way that the courts would accept and the people would accept? >> okay, i think here is an interesting way to look at it. probably the most liberal, probably the most pro-rights of immigrants, probably the most anti-trump opinion he's ever going to get is the one he got last week on thursday night from the 9th circuit court of appeals. if he and his people take that and make a checklist of all the concerns that they had, and accommodate those concerns in a new executive order, he'll accomplish the following, most important to him, it will be bullet-proof, meaning there will be no place for the court to find any gaps through which you can drive a judicial truck,

so to speak. secondly, he will preserve the borders of the united states politically, he'll confound his enemies. talking the case in seattle. there are 47 other lawsuits in 47 different federal courts throughout the united states. almost everywhere there's an international airport in the united states, there's a lawsuit. all of those lawsuits. stuart: they all go away. >> right. the 9th circuit court of appeals opinion is now moot because it will be based on an executive order that doesn't exist anymore. stuart: ah. >> so i strong i will -- strongly security reasons, personal integrity, stick to what he said he was going to do, to do this. stuart: one executive order, rewrites an old one moots the problem. >> some of the brightest lawyers are in what's called legal council in the justice department. attorney general sessions it familiar with this.

they should be assigned this task, in 36 hours, make it bullet-proof. stuart: come back, judge. meantime, former senator jim webb says democrats have moved too far to the left. watch this. >> the democratic party over the past five or six years moved far to the left. when you can nt have a jefferson jackson dinner, which is the primary celebritiry event of the democratic party for years, because jefferson and jackson were slave holders, they were also great americans in their day, something different has happened to the democratic party. stuart: a republican conservative, mercedes schlapp is with us. we've had speaks of what i'll call democratic hysteria. i think it's peaking and this hysteria is becoming counterproductive and democrats are turning around, waiment

wait a minute. have we gone too far? >> some democrats are saying we've gone too far. when you look at the case of jim webb. this former senator was a moderate democrat never a liberal the liberal part is taking over. when you look at who is running for the dnc championship. you're talking liberal congressman like congressman ellison. and i find that they lack the ability to connect with part of their core constituency, which was the working class, the white working class, where donald trump has effectively been able to turn those voters in his favor away from the democrat party. why? because the democrats are focused on identity politics. it's about what color you are, what sexual orientation, and it becomes, yes, very counterproductive. stuart: ray buckley, a democrat from new hampshire, i'm not sure whether he's involved in

the race for the dnc chair, whether he's in that race or not, but he comes right out and says, we're going crazy with this identity politics and he said, grow up. >> right. stuart: i think democrats are looking forward 2018 and saying you can't win with a far left party. >> i think that buckley gave a very effective speech. i do believe that it falls on deaf ears for many of these democrats because who do they look for for their champion? they're looking at senator elizabeth warren, senator bernie sanders, representing the liberal wing of the party. you look at pew research from 2000 to 2015, democratic leaning voters, democratic voters, they describe themselves from 27% to now 42%, that they believe that their political views are liberal. what you're seeing is that their core base is becoming more liberal not less. stuart: you think looking at the media the republicans were in disarray, that the donald

trump administration is in disarray and they may be, but the democrats are just as bad. thanks for joining us on a monday morning. >> thank you. stuart: quick check of dow futures, we've gone up some more. the trump rally rolls on and we'll be over 20,300 when we open for business in 19 minutes. one of the reasons behind the rally, president trump's plan to cut taxes and his pick for treasury secretary steve mnuchin today confirmation in the senate. we'll have a treasury secretary. and singer at the grammys, make america great address. after the appearance the 25-year-old received death threats on social media. but a huge surge in demand for her music.

>> well, we're going to be watching apple stock closely today. they will open near an all-time high and there's this news,

goldman sachs has a new target price for the stock, $150. look at the white house, holding separate calls from the presidents of nigeria and south africa. and he meets canada's prime minister justin trudeau. i want to see how america treats their darling trudeau from canada versus the guy they don't like very much our own president, president trump. i can't resist. [laughter] >> that's coming up. facetious? of course. the senators are expecting to confirm steven mnuchin as treasury secretary later today. marsha blackburn is with us. he's the guy we need to put in place to get the tax cut early. this is a vital piece of the puzzle, isn't it? >> it is a vital piece of puzzle, stuart. yes, getting him confirmed and in place will allow some of the

wheels to start turning. you're right. people want to see what is going to happen with the marginal rates for individuals, and they also want to know what the plan is going to be for corporate tax rates. >> and that's a part of the reason why the dow will open 50 or 60 points higher in new record territory this morning, but i have to ask you about this, marsha. the mainstream media absolutely not shy about his disdain for national security advisor general michael flynn. here is the headline from the times, quote, turmoil at the national security council from the top down. if i'm reading the media this morning, marsha, you would think this administration is falling to pieces. >> well, that's what you would pick up from the media, but the truth is, they are going through a transition. and, of course, new leadership will bring about doing things in different ways and under president trump, the approach is going to be how do we meet

the needs of the american people, how do we keep ourselves safe, how do we make certain we're focused on the same goal, which is providing for the common defense and keeping this nation safe and citizens safe home and abroad. now, within that, of course, you're going to have some people who have been there, they've done things differently. maybe they've been there 30 years and don't want to change. so, maybe it is time for them to rotate out and someone new to full the positions. >> i'm beginning to think, my opinion is, i express this at the top of the show, maybe this hysteria from the left, stop everything, reverse everything, you're all a bunch of racists, i think it's reached its zenith, i think it's starting to be counterproductive from the left. that's my position and i presume you share it? >> i do. i think more importantly, some of my constituents, some who didn't vote for trump, many

whom are democrats feel like the hysteria is getting in the way of orderly process and constructive conversation. our nation has been well-served by a robust political debate and a solid two-party system. and what we see happening now, prohibits constructive debate, it prohibits finding concensus because people are saying, well, it's all my way or nothing at all. and that's not what our constituents want to see. stuart: glad to hear it. marsha blackburn as always, appreciate it. >> good to be with you, thank you. stuart: how about this? a trip to disneyland or disney world just got more expensive if that's more possible. ashley: what? >> ticket prices are going up again. we'll tell you how much. that's on our radar for moments from now. another check of dow futures. we're going to be in record territory again and looking at all-time highs for the market when it opens, up over 60 points for the dow industrials, 12 minutes from now.

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weather. ♪ [ laughter ] cartoons. wait for it. [ cat screech ] [ laughter ] ♪ [ screaming ] [ laughter ] make everyday awesome with the power of xfinity x1...

hi grandma! and the fastest internet. [ girl screaming ] [ laughter ] >> big name companies in the news start with disney. it's the happiest place on earth. quickly becoming the most expensive place on earth. disney raising some ticket prices at parks nearly 5%. i think i'm right in saying,

jeff sica, that it goes from $110 from one adult to one day to 115 something like that? >> they've instituted this three-tiered system which i think you need advanced statistics degree to figure it out. from this, from the standpoint that they are raising ticket prices, it is considered the happiest place on earth until of course you get the bill and then it's the most unhappy place on earth. stuart: do you think it will affect the stock price? >> i really don't. i think they needed to do this, i think disney is making up for some of the losses they're taking on this espn debacle. so, they need to raise prices and it's justifiable. stuart: i have nine grandchildren, can you imagine me taking the swarm of them there. ashley: that's a mortgage. stuart: let's move on. the amazon story of the day. there's always one. ceo jeff bezos wants amazon to be the next h.b.o. and show time he's planning to launch a movie channel to rival those networks. >> i'm going to make a prediction and amazon, i think

they'll be the biggest media entertainment company in the future. they came out of the gate-- listen, they came out of the gate with six nominations for academy awards, picture for manchester by the sea. so they really hit the road running. this whole idea of a premium station is to put down h.b.o. and i think they're going to successfully do it. liz: and jeff bezos said amazon is the first company to basically use the golden globes to get people to buy more paper towels, right. stuart: good business. for the first time, the last one, first time in five years, verizon brings back the popular unlimited data plan. jeff, that sounds to me like a price war. >> it is, they've been losing business to splint and t-mobile, they're long overdue with this. they're going to get some of their clients back and going to be able to regain some of the market share they lost, but they're a little late on this, but i think they're going to maintain market dominance.

stuart: probably not good for the market, for the stock price if it's a price war, you know? >> it's not good for the market, but the reality of it is they should have adapted this a while ago when they saw how many they were losing. at this point it's good for the consumer and what's good for the consumer is ultimately good for the market. stuart: all the competitors are down premarket this morning, price war. dow closed on friday, 20,269. we're looking to go even higher this morning, the markets have gone straight up since the election and we're up almost 2000 points since november the 8th. you ain't seen nothing like this before. find out where we start this monday morning, just a couple of minutes from now. like centurylink's broadband network that gives 35,000 fans a cutting edge game experience. or the network that keeps a leading hotel chain's guests connected at work, and at play. or the it platform that powers millions of ecards every day for one of the largest greeting card companies.

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>> right. we've got about 50 seconds before trading starts on wall street this monday morning. this is going to be an interesting session. we've gone straight up since the election of november the 8th. by the way, on november 8th, the night thereof, that was election day, the dow closed at 18,332. i repeat. 18,332. we closed on friday 20,269. in other words, we may open 25 seconds from now above 20,300

which means since the election we've gained 2000 points for the dow industrials. liz: 2 trillion in market value, in equity value. stuart: equity value, 2 trillion since the election. liz: right. stuart: you hear the bill ringing and you can see them applaud, in three seconds we start the day of trading and i'll bet you we're at 20,300. oh, yes, we are. easily, easily. liz: wow. stuart: that means as of now, the market is yet again in record territory and we're now up more than-- almost exactly 2000 points since the close of trading on november the 8th. have you ever seen anything like it, lizzie. liz: the s&p hit a record level right now. stuart: let's have a look at it. across the screen, the left-hand side lots of green you can see there. liz: the nasdaq is hitting highs. stuart: never been here before. s&p record high, nasdaq record high. fold it altogether and stocks across the board have opened at all-time record highs. you've never seen anything like this before.

what's behind it? the trump tax cut plan. the growth in the future. solid earnings and profits from companies and by the way, that vacancy that's coming up at the federal reserve, yeah, i know we don't mention the fed often. ashley: are you interested? [laughter] >> no, no. liz: no buzzer. stuart: i want to be buzzed if i ever suggest i want to be federal reserve. who is with us, jeff sica, scott shellady. jeff, and liz. record high. 2000 up since the election. scott, what do you think about that? i know you're in london. got a british accent yet? >> it's all about the great expectations. again i've receiver the rubber will have to meet the road and start showing results, but still, as you mentioned, the market doesn't want to fight the tape on this. they don't want to get in front of tax cuts and regular cuts and some sort of spending plan and that's the reason we're up here.

he needs to come back fill in with economic news that's going to support where they are. or he could be a victim of of his own success, he started off at a frenetic pace, but we need to see the numbers. stuart: the growth is the promise of growth in the future, tax cuts and infrastructure spending. you're not going to argue with that, jeff. that's why it's up? >> as scott said they have to deliver the details and the biggest problem is any tax cut plan is going to be controversial. there's people who want tax cuts and people who are not going to get the tax cuts they want, and so, i think -- i was salivating over the tax cuts myself. i mean, to me, to hear the adjective phenomenal, to me, i think it's a very good thing, but we have a market that's priced to perfection. and when a market is price today perfection, the details have to follow through and i don't know if that's going to happen. stuart: getting us worried and nervous, the dow is up 70-odd points.

it's great to see you, jeff. a good thing. and in about 90 minutes, president trump meets canada's prime minister justin trudeau. yes, okay, the trade is going to be a big subject. i would worry that at the news conference 2:00 eastern this afternoon, the president will be, you know, they have a go at him to see if he says something about media trade war. liz: and the media headlines will be golden boy meets darth vader. and the majority of canada's trade and our trade is across that northern border. i just don't see a trade war happening right now. ashley: absolutely, the majority of our oil comes from canada shall the relationship is there, but the optics, you're right. they're going to call trudeau the golden boy, no doubt about it. stuart: it's coming up today for live action presidency, you'll see prime minister trudeau and see the press conference and see it all right here. and now this. wait for it.

there are reports, look at apple stock, first of all. goldman rising price target for apple to $150 a share and again, wait for it. there are reports that the new iphone, which comes out this year, we're told, could cost more than $1,000. . ashley: more than $1,000, well, it's the anniversary phone. what do you get? it comes out in september, 10-year anniversary, can you believe, of the iphone, wireless charging and they say you'll get a better screen on this. possibly some 3-d software to be able to look at things in 3-d. stuart: wait, wait, wait. so if this is the new iphone, i'm looking at a picture. ashley: yes. stuart: you're telling me that it looks like it's 3-d on the new iphone. ashley: word on the street. stuart: depth perception. ashley: pretty cool, huh? >> what do you say to that, mr. shellady in london. >> it better have depth

perception for $1,000, it needs to have a little more. that's pretty expensive for the average man on the street. i agree, the screens are pretty big now and vibrant and my phone takes pretty good pictures. you'll have to wow me. liz: for the average man on the street probably walking into more parking meters and lamp posts looking at this thing. stuart: if you have 3-d doesn't it open up a whole new reality. ashley: apple says the whole new experience they say. >> keep in mind, apple's plan has been to get people to get excited about a feature and take forever to introduce it. what apple is doing is rolling out new versions of old products. stuart: skeptical. >> i am skeptical and-- >> go ahead. stuart: go. liz: where is its version of alexa echo? where is apple's version?

>> maybe they're watching as you speak. lizzie, what's the capital of egypt. liz: cairo. stuart: disney is raising ticket prices on certain days. the stock is dead flat. the ceo jeff bezos says they're planning a pay tv channel that will take on h.b.o. and show time. the market is up, $5. look at verizon offering unlimited data plans for your smart phone, that could be a price war. verizon is down this morning. another retailer dropping trump branded products. who is this this time, sears and kmart? nicole: series and kmart discontinuing 31 items of the brand. these include furniture, lighting and bedding and the like, and it goes on the heels

of what we've seen from nordstrom and neiman more marc marcus and they dropped ivanka's brands. and are you saying that they're not selling or going with people who are bullying and boycotting. sean spicer says it's exactly that, noted from nordstroms. big picture, while they have a few things on sears and kmart from third party retailers at a deep discount, pretty much so much of the retailers are dumping the trumps. stuart: it's not working. the stock is down over 2% at sears this morning. thanks, nicole. and how about the price of oil, opec seems to be sticking with production cuts, the price of oil is down, $53 a barrel. it's been a long time since the price of oil had any affect on the stock market, scott. what do you say to that? >> well, you know what? this could be the canary in the coal mine. if we see the dollar get

cheaper, this is a manufactured rally in oil. between 50 and 55 for oil six or seven weeks. if oil starts to faulter at the same time a weaker dollar, shouldn't be happening and opec production cuts, that could be the thing that kind of makes things roll over like we were talking about earlier. keep an eye on oil. if oil starts to slip at the same time the dollar is getting cheaper in the middle of the manufactured production cut. that could be bad. stuart: right now we've got a dow industrial average up close to 100 points. well above 23, 300 and closing in, and well over 2000 points up since the election for the dow industrials. going to go back to amazon for a moment, that's a stock and a half. taking on showtime and h.b.o. a plan for a pay tv channel. any more on this one? >> big global media company. you could get h.b.o. on it and showtime as well.

to jeff's point, they are half a dozen oscar nominations and won golden globes and i love jeff bezos' point, we're the first to win a golden globe to sell more paper towels. stuart: you think that amazon is going to be the largest media ebbott tament company in the world bar none soon, that's huge. >> i would be ing to bet on it. what's happening now, all hollywood is trying to get to create content. amazon has the ability to use this merchandising, marry it, and create content as jeff bezos said. they're going to be able to create more content by had a landslide to all the other companies out there and that's going to give them the roll. stuart: they've got the vehicle, they've got the pathway to feed you the content, and they've got the content in the future themselves. >> any producer in hollywood knows the main issue they have is to get their feature funded and the way to get a feature

funded is to show products in your feature. this is a brilliant, brilliant move by amazon. stuart: another brilliant, brilliant move. what a company that is. how about snapchat, as we know they've filed for an ipo. in other words, going to sell stock to you and i and the public. is that stock, when it's launched as a publicly traded company, is it going to be more like facebook or twitter? there's a huge difference. what do you say, jeff. >> keep in mind, snapchat lost a half billion dollars last year, when facebook went public they had made a billion dollars previously. they're looking for a $25 billion valuation, which is twice what facebook was and four times what google was, for a company that's not defined how they intend to make money. i think that the hype might move this stock up, but people have to be careful holding this thing, because i will tell you the fundamentals of snapchat do not deserve a $25 billion valuation under any circumstance. stuart: scott shellady are you

going to throw cold water on snapchat after the launch? >> absolutely. i'm going to say it's not like facebook or twitter, it's more like gopro. it smells a lot like gopro to me. not like facebook or twitter. stuart: oh. thank you for joining us this morning. look at the big board, there we go, just passed over 100 points higher. 102. 20,371, as we speak. we're up over 2000 points just since november the 8th. how about that? president trump responding to reports that the border wall will cast more than 21 billion. i'll build it for less, just look at the deals i made for the 35 and air force one. we'll deal with the cost in a moment. another empty seat for the president to fill in the

federal reserve, one is going out in april and listen to what he said. >> he can move mr. turillo a socialist and anti-american, if he moves him out, then basically he's got five of the seven people on the fed. ♪ look closely. hidden in every swing, every chip, and every putt, is data that can make the difference between winning and losing. the microsoft cloud helps the pga tour turn countless points of data into insights that transform their business and will enhance the game for players and fans. the microsoft cloud turns

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leaves the federal reserve in april. our next guest is very happy about this. he says tarullo may have done more to harm the american economy than any single person in the history of the nation. a little bit strong maybe. come on in, dick bove. we've got it that you don't care for daniel tarullo, a socialist that ruined the country, but now that he's going in april which banks stocks should i buy that's going up more in the future? tell us. >> i think very definitely if you take a look at the largest banks in the united states they're going to benefit very meaningfully from his stepping away. basically, i would buy, you know, bank of america, citigroup, i would buy jp morgan, i would even buy wells fargo, i would buy morgan stanley, goldman sachs. you've got the foot on the throat of the industry that's

been removed. you don't realize, over 20,000 working at citigroup, over 20,000 working at bank of america, working at each one of the big banks who are there because of regulations that mr. tarullo has created and they're imposing those regulations on the banking system. stuart: 20,000 at just one bank geared towards regulation and regulatory oversight? 20,000? >> yeah, get someone in from j.p. morgan and ask them. get someone from citigroup. michael corbitt, who is the ceo of citigroup has said 25,000. i'm saying 20. my guess is that there's over 200,000 people in the united states working in the banking industry, working solely on regulating, risk control, things of that nature because of rules that daniel tarullo put in place. the reason why ge doesn't have a financial, if you will, subsector anymore is because of daniel tarullo. the reason why metlife went to the supreme court is because of daniel tarullo.

if you take a look at money supply of the united states, you see that five of every $6 in the money supply of the united states are bank deposits. and if you keep doing what daniel tarullo is doing, which is continually increasing the capital requirements on the banks, continually increasing their liquidity, you're pushing down the growth and the money supply. the velocity of money in the united states is plunging and it's plunging because we have all of these regulations put through by the fed, which is controlling the growths of money supply, which is weakening the ability of money to stimulate economic growth. his passage is great. stuart: if he leaves in april, that means that president trump will be able to fill, i think, three of the seven seats on the federal reserve's governing boards and janet yellen, her term is up next year. so, without -- within a reasonable period of time

president trump will be able to control the federal reserve, change the rules at the federal reserve without going through congress. is that accurate? >> yeah, that's the beauty of what's happening here. in other words, basically what you're going to see is, as you very correctly mentioned, stuart, that three openings can be filled immediately, you know. miss yellen is probably going to leave in february of next year. mr. fisher could probably leave in june of next year. so, that the president would have five of his people on the fed and he could change, if you will, this regulation of the industry without going to congress. but it goes well beyond that. if mr. mnuchin is approved as treasury secretary tonight, he will become the head of the financial stability oversight council and that regulates all banking in the united states. mr. trump is going to be able to change the fdic, fha, fcc, occ, all of these agencies and

he's going to be able to boot the consumer financial protection agency out of the federal reserve. all of these things will ease regulation meaningfully, none of them, none of them need anything to do with congress. congress is not doing anything to help deregulation in my view except flapping their lips. the fact of the matter is this is real change and it will be positive on bank stocks. stuart: and i take you haven't heard recently from senator elizabeth warren, but that's a different story. tongue in cheek. thank you. >> thank you. stuart: we're holding for the rally up exactly 100, 20,369. what a rally we've seen. the british house of commons will not-- probably will not let president trump speak to that body. doesn't matter. the president might go to britain's national stadium, otherwise known as wembley stadium for a mass rally instead. how about that? also, president trump says he

can cut the cost of building the wall. homeland security says it will cost, he says he can cut the cost. somebody says it's going to be $21 billion. not so, says mr. trump. we'll be back. >> we have a trade deficit with mexico, they'll pay for the wall and they'll be happy about it. by the way, who is going to pay for the wall? >> mexico. >> who is going to pay for thewall? >> mexico. >> who is going to pay for the wall? >> mexico. >> who is going to pay for the wall? guys, what's happening here? hey nicole, this is my new alert system for whenever anything happens in the market. kid's a natural. but thinkorswim already lets you create custom alerts for all the things that are important to you. shhh. alerts on anything at all? not only that, you can act on that opportunity with just one tap right from the alert. wow, i guess we don't need the kid anymore. custom alerts on thinkorswim. only at td ameritrade.

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and start gathering the information you need to help you keep rolling with confidence. go long™. ♪ >> the rally continues. picking out individual stocks that are moving. try tesla, for example, that's a 18-month high for that stock since the election, it went straight up. president trump says he's going to bring down the cost of the wall. there were reports on friday that the cost would be $21 billion. lizzie, what is the president saying about the wall now. liz: he said you know what? i'm not into design and negotiations, why are you billing it at 21 billion plus. look what i did for lockheed martin. he says he's coming down. stuart: he never retreats from it. liz: no. stuart: the mexicans are going

to pay for it. and. ashley: 300 million between now and october the 1st, they want to add more soldiers to bolster the ranks. we've been going through years and years of drawdown on troops. president obama stopped it the end of last year, there were concerns, we're getting too small an army. we'd like to get to 476,000 active duty members by october 1st. the army, i thought that was interesting, a lot of that 300 million will be spent on bones, some for advertising, bonuses, how about this, double bonuses for some recruits up to $40,000 bonus for some very hard to fill specialty roles within the army. how about that, 20, it was 20, now $40,000 to try and get people to sign up. stuart: i wonder who would get that kind of bonus? who would get that? >> maybe specialized i.t.,

information technology. stuart: bomb disposal guys? >> they never get paid enough. the air force 4,000 going to add. 2200, marine corps 800, we're pushing up the ranks, one thing that president trump wanted to do. stuart: and he's doing it. the rally continues we're still up 90 points for the dow industrials, you could say look, the market is way up. consumer confidence that's way up. business confidence, the signs of economic growth looks promising. if you listen to the mainstream media though you would not know any of that. my take on the media top of the 10:00 hour two minutes away. ♪ nah. what else? what if we hire more sales reps? ♪ nah. what else? what if we digitize the whole supply chain? so people can customize their bike before they buy it. that worked better than expected. i'll dial it back. yeah, dial it back.

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. stuart: the trump rally continues. business and consumer confidence is way up. signs of growth for america's economy. all of this is very good stuff, isn't it? but that's not the story you're hearing in the media. scan the headlines this morning, and you would think the trump administration is absolutely unraveling.

"the new york times" turmoil at the national security counsel from the top down. the washington post reince priebus. president trump's chief of staff. it's pretty clear the guy is in way over his head. sean spicer's job as press secretary is at risk, or so we hear. kellyanne conway has been counseled because she urged people to buy ivanka trump's fashion line. and stories now. what stories do you think constitute news according to the media? well, if you watch network news, you would think there's a mass roundup of immigrants. that is absolutely not true. here's my opinion. the left has overplayed its hand. juvenile tantrums are unattractive. voters can see through it. voters do not believe america is a racist society. and voters are tired of being told what to boycott and whatnot to buy. i'll give you a quick digression, if i may.

at the grammys last night, joy unveiled a dress with the trump slogan make america great again on it. the rest of the celebrity crew were of course diametrically opposed to donald trump. but her music i think it was 180,000% on amazon. how about that? i think the hysterical reaction to president trump has peaked. i'm sure it will continue, but it is becoming counterproductive. people are tuning the establishment out. stocks up, the administration is not falling to pieces. the second hour of "varney & company" is about to begin. ♪ ♪ . stuart: what did i just say? the rally continues, the trump rally continues. the dow is at awn all-time high. we are now 2,000 points above where we were on november 8, election day.

the s&p, the nasdaq, the russell 2,000, all of them hitting brand-new highs as well this monday morning. here are the three biggest percentage winners of the dow 30. caterpillar, goldman sachs, jp morgan. banks are up on the news that daniel is leaving the federal reserve. more on that. look at apple. goldman sachs raised its target price to $150 a share. apple closing in on another all-time high right now. goldman says it's going to 150. look at amazon is going to launch a paid tv channel which will rival hbo and showtime. straight up another $5 higher. now this. we could be getting a rewrite of the president's executive order as soon as this morning. that's an executive order on a temporary travel ban. in the meantime, i want to play for you what judge james said when he halted the president's initial order. roll that tape.

>> how many arrests have there been of foreign nationals of those seven countries since 9/11? >> your honor, you don't have that information. >> let me tell you the answer to that is none as best i can tell. so i mean, you know, you're here arguing on behalf of someone that says we have to protect the united states prosecutes individuals coming from these countries and there's no support for that. stuart: now, that was judge rejecting president trump's initial temporary travel restriction. but we've got a new report that says dozens of people from the seven countries have indeed been convicted of terrorism since 9/11. ashley: yeah, i wish the attorney had this at her fingertips so she could have replied straight away. because according to the study since 9/11, 72 individuals from the seven countries being highlighted have been arrested and convicted of terrorism. 20 from somalia, 19 from yemen, 19 from iraq, at least 17 of those came in as refugees.

three, stuart, came in as students. so 72 convictions for terrorism since 9/11. . stuart: okay. that was a contradiction of what the judge said isn't the initial rejection of trump's order. ashley: yes. stuart: now this. we've also got new figures of a number of refugees let into this country since the fight of the executive order. we have new numbers of how many refugees came in from those seven countries just since february the 3rd when that order came down. how many? liz: nearly double. it's up 77%. so you can see syria and iraq leading the way. of course there's wars going on there. iran up 115. yemen -- none from yemen, somalia 155. it should be noted that the numbers doubled even before president trump introduced this executive order. the numbers started going up. obama wanted 110,000 refugees; right? president trump is saying cut that in half. so we're already at 44,000 for

the fiscal year. that could be capped out. stuart: in ten days, hundreds of people have flooded in from those seven countries in ten days. liz: the weekly average is about 100. weekly. overall. stuart: david web is with us. sirius xm paid radio. what's your reaction to the sets of numbers that critic the media's point of view? >> not just the numbers but the preparation. first, the lawyer forgetful was not well prepared for that. it was an easy answer. somalia refugee with a green card ohio state right after the ohio state michigan game two days right after i left that intersection. to e mac's point. by the way, the judge should not be making that statement from the bench. that's inappropriate. to e mac's point, the fact is that it takes time to file the paperwork, get the visa, they were already planning this as said. three or four assad. president assad in an interview talks about how

terrorists are flooding into the refugee plan. out of syria. he says this in english in an interview and the media ignores it. and the fact is 402 from syria, 300 from iraq, 355 from somalia, i consider iran even more dangerous. world's largest furnished of terrorism. the irgc trains them in country, and they train them out of country. ask security's about process. not even numbers because this is not really the argument about these seven. stuart: look, i blame the media here because i don't think they've done their job. they didn't look closely at exactly what the president's order was. false reported it, and i think we're all paying a price for that. and i think it has also peaked that the media's hysterical reaction all things trump because there's a backlash against it. we now know they're not doing their job. >> there's a backlash against americans but not a backlash in the media.

the backlash is the facts. the facts should go against them. this is going to be ramped up even more. occupy wall street is recruiting in new jersey and in other states. why? because i've got this information directly. they're planning their next round in south carolina. the leftist groups are all planning for the spring thaw. they're going to get more active. stuart: yes, they are. steve, please stay there. i've got more for you later. i want to go back to my take at the top of the hour. if you look at the headlines this morning in the establishment media, you would think the trump administration was falling apart. i'm going to go back over there. look at this. new york times turmoil at the national security counsel from the top down. the washington post as flynn falls over growing pressure russia contacts. trump remains silent. trump flynn says priebus is in

way over his head. joining us now washington examiner chief correspondent. i think they've gone too far. i think the voters understand where the media's coming from. i think there's a bash lash. i just don't think this is going to go on much longer. what say you? >> no. i'm afraid i disagree. i think it's going to go on for a while. i think what you're seeing in those reports is this media narrative that's become pretty set right now that the trump administration is just a huge disorganized mess. plus there is a lot of historic media interest inside baseball who's up, who's down? plus there were a lot of changes in the trump campaign. remember first there was cory lewandowski and then paul manafort and kellyanne conway. so the idea that trump might make some changes in his top team at the white house is not a idea. and washington gets obsessed with that sort of stuff. so i would look for probably more of this, rather than less. stuart: i'm just surprised

what's actually going on in america. we've got the start of some growth in the economy, we've got the promise of significant tax cuts and huge infrastructure spending. we've got a stock market that just keeps on going to record highs in a rally we've never seen the likes of in years and years and years. that is underreported in the media instead you have this baseball approach to politics. who's up, who's down, who's out. >> you're exactly right. and in the washington post we had a underreported story which was one of the regulatory roll back since the reagan administration have affects all across the american economy. that's an article about what trump is actually doing. and we don't have enough of those. i think you're absolutely right on that and, by the way, as the administration is in office longer and doing more stuff, which has some effect,

hopefully we will see some more reporting on that. but right now there's an absolute fixation on the inner politics of the white house, reporters look at saturday night live, and they see people playing themselves, they get all excited about that. it's very insular in washington right now. >> nobody ever plays me. they don't have a british accent to spare, i guess. byron, thank you for joining us. >> thank you, stuart,. stuart: now this. president trump made to feel unwelcome by britain's part meant. so he may be taking his message to the brexit heartland. there are reports of mass rallies planned. nigenigel farage is with us again to tell us more about those plans. meanwhile a race in time in california. a crumbling dam putting hundreds of thousands of people at direct risk. that's a big story, and we've got it for you after this why paa spontaneous moment?

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. stuart: it is a crisis in northern california. a crumbling dam is putting several counties at serious risk. what is it? like 200,000 forced -- ashley: close to 200,000. the only good news in all of this is the water levels are dropping at this dam. it's about 150 miles northeast of san francisco. the irony of course is that california's been in a cripple running drought. but they've had a series of

storms that have filled all of this dam slash reservoir up. two emergency spillways both have problems, and that's what prompted the evacuation yesterday. but they're keeping their fingers crossed because they think that maybe the water levels are dropping. stuart: okay. lizzie, am i right in saying that governor brown has asked for federal funds from the trump administration. liz: from fema. correct. stuart: but the trump administration is not allowed to say, yes, you can have money to rebuild the dam only if you drop plans to make california a sanctuary state. you can't do that. liz: that is correct. ashley: but it would be tempting. stuart: very tempting. now this. illegal immigrants. some deported over the weekend. the mainstream media went hysterical over this. watch this. >> immigration rage. some on edge after deportation rage in at least six states. more than 16 million people in

this country live in a household with at least one undocumented immigrant. >> families of undocumented immigrants say they are now living in fear. >> in texas, video on social media showing a man being detained by an ice agent in front of a fast-food restaurant sends a chilling message. >> an enforcement surgeon undocumented immigrant arrest. targeted rage rounding up hundreds of foreign nationals. is the new administration behind the latest crack down? >> a stern warning to all 11 million undocumented living in the united states. most of them law-abiding and paying taxes and working. but they're no longer safe to stay here. stuart: has the media no objection to the deportation of illegal criminals? liz: and the number under president obama. stuart: the venom they came out with. and you're right. am i right that saying president obama did exactly the same thing for a long time. >> yeah, i mean, and let's put

it in real context. ice did its job under president obama. they were prevented in other areas. now they're doing it -- this isn't -- raids aren't planned overnight on the 21st. but they have also been waiting for the call it the climate and the atmosphere where they could do their job. and they have a president that backs them. i'm talking to the agents. i'm talking to the people who are actually having to do their job. they went there to protect the country. they went there to get rid of criminal illegal aliens and work our way down the priorities. stuart: if someone has committed a crime, and they're in america illegally, what is wrong with deporting them? what's wrong with that? however, is a member of their family was brought here as a child, for example, it's not their fault that they're here. i can understand some sympathy for that family. for that deportee. but that's it. >> look, i've said it before if you're not lawfully present, you're not lawful present.

the fact is one of my -- let's say one of my family members commits a crime. then what am i supposed to do? ignore the crime? you don't. so why should you ignore it just because it's an illegal alien? . stuart: it's a desperate attempt to hang onto the hispanic vote to say this makes you a racist if you do this. vote for us because we don't want have it. >> big points on the business channel. the economic effects of paying for education and medical care for illegals is billions of dollars for the state and california's the biggest. they need money for fema -- from fema for help? they don't have money to run their own budget, and they're spending it on illegal aliens and criminal illegals at that too. stuart: you better say that because i think there's more for you to come. thank you so much, david. now, i'm going to get to the grammys. last night one singer wears a pro trump dress. she receives death threats from liberals, i presume from very angry liberals. her album sales, however, go straight up. they took a huge surge. nigel farage.

the brexit guy. we hope to have him in just a moment. there are plans for president trump to speak mass rallies in britain. how about that? we will be back. i have asthma...

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>> you can't spend the rest of your life alone dressed in black listening to angry music and staying up all night. >> yes. i can. because i'm batman. [laughter] . stuart: people like that movie. now, hold on a second. that's the new lego batman

movie. it was top of the box office over the weekend. now, who do you think was one of the producers of that movie? you'll never guess but e mac's going to tell us. liz: steve mnuchin is executive director. he's incoming treasury secretary. he could get the vote tonight to get the treasury secretary. stuart: when have you ever had the treasury secretary of the united states made a movie. >> he's making a lot of money. as an executive producer, your job is to put the financing together. your job is to put the money together on all sides. ends how even that economy works in hollywood, and he makes a lot of money where a lot of movies made money. stuart: if he lost his shirt, he would be the treasury secretary tomorrow morning. >> $100 million, and you lose money. stuart: the bigger story, let's be clear here, is the stock market. it's another whopping great, big rally in great progress as

we speak up 104 points. this is the trump rally. it's rolling on very nicely. i will remind everybody we're now up 2,000 points on the dow industrial average since november 8th. you ain't ever seen anything like that before. i believe we can't make a commercial break to make some money. no, we're not. no, we're not. look at this. at the white house of course we're expecting canada's prime minister justin trudeau to speak with trump. theoretically the topics are going to be nafta, trade, immigration, i presume. liz: yes and jobs. so the many on wall street don't think a trade war will happen but he's a media darling justin trudeau and the media clearly don't like donald trump. stuart: there's going to be a press conference 2:00 p.m. eastern time this afternoon.

i'm just do i agree to see how the american press treats our president. probably with content versus the way they treat a foreign prime minister trudeau of canada who they absolutely love. i'm going to be delighted to see that. liz: right. stuart: now this. former democrat presidential candidate jim web says democrats have moved too far to the left. watch this. >> the democratic party over the past five or six years has moved very far to the left. when you can't have a jefferson, jackson dinner, which was the primary celebratory event of the democratic party for years because jefferson and jackson were slave holders, they were also great americans in their day, something different has happened to the democratic party. stuart: my next guest says president trump should target the ten vulnerable senate democrats up for reelection next year. many of them are in states that donald trump won significantly. here's the headline that our

guest wrote. senate democrats are be afraid when trump comes to town. mark wrote that. he's the former deputy campaign director for george hw bush. mark, welcome back to the program. good to see you. >> good to see you, stuart,. stuart: do you believe that the left has gone too far that there's a backlash coming, and now we're beginning to hear from some moderate democrats whorls the party's gone away from them? >> definitely and what's happened here is you know how donald trump ran on the idea that he couldn't be bought? well, schumer and pelosi are bought and paid for by the all left of the democrat party. and they have completely conceited strategy to the far left of the democratic party. so, yes, voices of moderation will speak up occasionally; right? but that's not going to get him anywhere because schumer and pelosi are in charge of the party strategy. stuart: well, isn't the party going to realize this and make some more friendly noises

toward the center of the democrat party? surely they're not going to keep this up for another 22 months, are they? >> the party at large will not do that because that's not who's paying the bills at the dnc. but the ones who made you that are some of these vulnerable democrats in senate seats up for reelection next year. such as in ohio or pennsylvania or wisconsin where if they're wise, stuart, what they will do is pick a couple of issues such as trade or tax reform to support donald trump on if they want to get reelected next year. stuart: that looks like what they're going to do. senator i believe voted for one of the cabinet members. >> yeah. but mansion won his race last time by 68% of the vote. i'm talking about states where they won by 55% or less last time around. stuart: you think donald trump should target those particular senators? >> absolutely. stuart: invited some of them

to the white house just the other day. >> yes. and you know what he's going to do? he's going to hit the road again. it has been nine months since trump's last rally. he loves rallies, and it was a replying force in the 2016 campaign. it was a platform where the discontent voters were able to speak their mind about the political class. i'm telling you i think donald trump will hit the road again very, very soon. stuart: all right. mark, thank you very much for coming today. we appreciate it. now this. sears. the latest retailer to turn its back on trump. or at kmart. and sears is actually down 2% on that news. we're looking for president -- prime minister trudeau, justin trudeau who is going to be arriving at the white house any moment now for talks with president trump. you'll see it. we'll be back

. stuart: the deadly avalanche in the alps. liz: yeah, about a quarter mile long it happened in the alps. five rho r missing. four dead. believed to be french nationals. so, again, they're looking for these five buried in the snow. two helicopters on-site. and then the tragedy is a group of skiers higher up from this group. they were up about a mile. a group of skiers higher up may have triggered the avalanche. stuart: that is a tragedy indeed. check that big board because we have a rally and a half on our hands again this morning. now we're up 108 points. please notice we're at

20,377. that means we're up over 2,000 points since the election. here are major technology stocks. all of them -- well, almost all of them moving higher with the solid exception of ibm. all pretty much higher there. not the main ones. not the apple's, microsofts of this world. this is second tear tech stocks, i think. i can't even read them. there you go. now this. i don't need glasses. our next guest is extremely popular online. she's pro trump. pro second amendment. welcome to the program, jan morgan. national spokesperson of citizens for trump. jan, before we get launched here, i want to share a headline with you from the new york times. here it is. >> okay. stuart: husbands are deadlier than terrorists. hold on a second. i want to give our viewers a quote. ladders kill more than muslims do.

same with bathtubs. ditto stairs. and what's really deadly? husbands. not sure i get the point of that article in the new york times. but i want to tell you what the devil's going on with the new york times in an article like that. >> you know, is anybody even reading "the new york times" anymore? i'm surprised you're quoting anything from them. more far left propaganda that people are just laughing at. it's fake news totally. but the problem with that new york times article is this, stuart. they're looking at and trying to examine the whole trump effect on gun sales relating to refugees. and actually, it has nothing to do with the refugee situation coming in. trump is going to have a great impact on gun sales based on the economy, which you've talked about already. stuart: yes, but his impact on gun sales, he's going to push gun sales down. gun sales went straight up during president obama's term because everybody thought that the president would take guns away. now it's president trump, nobody think so he's going to

take them away and gun sales are actually going down. >> but you know what? the reason that's happening is right now trump people are the people who are people buying guns. we've known that all along. and right now we're so exhausted from all of the winning, just taking a break. in time people are going to have more money to buy guns. that's one positive impact that the organization is going to have on gun sales. the second is all refugees that are already in america that came in under the obama administration and the refugees that were going to allow in, that is going to cause more of a fear-driven spike in gun sales. i am seeing more women buying guns. i just returned from alabama from the statewide legislative kickoff convention, and that was a big crowd of gun people. and i can tell you they are just as excited about buying guns as ever before. and also, one last thing. one last thing. the insane actions of the far left. we're watching all of these protests and the liberal melt down. those people are losing their minds. stuart: we're watching that too. >> and that's scaring people.

so they're going out buying guns to protect themselves from those insane leftist. stuart: one second, jan. a lot of people don't see this kind of thing. don't see people like you in the media. how many people see you on a daily basis in your online show? >> well, it's not really an online show. i have a facebook page. several facebook pages, and they're probably over a million followers on those pages. and they're very responsive. these are people who turned to online media because of so much fake news that's out there from the mainstream media. they're looking for truth. so i think that that is one reason. plus i've been a second amendment advocate for years. i'm out there fighting for gun rights and there are over 300 million guns in this country, stuart. 300million gun owners with over 900 million guns who killed no one last year, and they're looking for some truth about gun rights. stuart: give me some of your numbers. i don't think 300 million americans own a gun. >> it's 90 million americans with over 300 million guns. now we got it right. stuart: got it. jan, come back and see us soon. okay.

we would like to see you again. >> okay. certainly. this. joy triggers outrage at the grammys. she wore a dress with this statement on it. make america great again. after that, i'm pretty sure, e mac, that the sales of her music went straight up. liz: yeah, she hit number one on amazon digital downloads, and it's moving higher on itunes. apple itunes downloads. and what happened was she took off on twitter. so the trump followers tweeted about her said go buy her record and people started moving toward the downloading to get her songs downloaded. so she also put out a statement on instagram saying, listen, go big or go home. agree to disagree. that's what she's saying. stuart: she did, however, get death threats? ashley: of course she did. on social media things like attack. kill her. throw her in a camp for adults. put out another e-mail saying, look, my whole plate fall, which sounds like an auto

correct mistake. you can't spell and you're a racist. you're the poorly educated that trump loves. how about that for elitest comment? . stuart: how nice. however, david web is still with us. tell me about the designer of that dress. >> so let's talk about andre'. he's a filipino immigrant who came here legally, and he's in the united states legally. this is a history between them, by the way. he and his husband went to home depot saw this color orange a year ago, she wore an orange dress that was inspired by that color. he's a designer that launched on a bravo show by rihanna. did very well. this is a guy that, by the way, is one of the left protected classes. here's what he says about america in an interview recently. he talks about how it's the -- i moved here -- i'm an american. i moved here from the philippines, and i highly believe in what the trueness this country can bring. it's about bringing people together. that's the message. he's saying we're allowed to support who we want. but now the left is going after the black woman, the

married gay man who's a designer in their industry. they're a bunch of hypocrites, which is why i tell blacks, everybody out there go by policies, not by party. and take a look at what the left does. if you dare break the narrative, they will come after you and threaten to kill you. liz: ridiculous. stuart: david web, you're all right. >> this guy is a great designer. he did great on bravo. he was a hit. stuart: what time does your radio show start. >> 9:00 p.m. to midnight sirius xm. i'm going to go see andre' and give him an interview. andre', you're watching, let's talk about it. his business because he's a very successful man. stuart: fascinating. david web, thank you very much indeed. look who is here next. look at this. cheryl can kmart and series. >> reports coming up over the weekend that they're dumping more trump items. they have 31 items that were

sold on the website from third party sellers. they said they were going to get rid of them because they cited performance. but read this blog post that just came out from sears. they've been asked exactly why. give us the number, which they won't do. they say this. we find or are informed that certain products are unsafe or inappropriate, we'll remove those products as well. stuart: inappropriate? >> that's their words. if a product is deemed unsafe or inappropriate. so is the trump line of home furnishing, you can see it on the screen. it looks lovely to me. but there's a bigger story to these retailers. when ivanka trump in particular launched her line back in 2007, she was very successful. she appealed to that young working american. she said i can look fashionable, i can look like ivanka trump who is very fashionable. we're not getting the numbers

from retailers. i don't care if it's nordstroms or nieman. and they're all piling on in the last week to get rid of trump. stuart: and the threat to major brick and motor retailers is online selling from the amazons of this world. it's not from angry shoppers who don't want to buy ivanka trump's line of clothing. >> most women would tell you do i look at the label? if i see a cute dress, i see a cute dress. and the fact of this is that with ivanka trump and her line, it probably didn't help her that kellyanne conway came on fox last week and said buy that stuff. that was more of a problem than just these retailers. so the more of an issue it is. let the story go away. let it die down. and let your customers decide. . stuart: but your position is that the department stores -- the retailers who are banning trump products are making a mistake. >> they're making a mistake

and caving to grassroots to #grabyourwallet on twitter which is saying all americans should ban anything that the trump family makes money on. which is incredibly unfair. >> can i make a point? for all the people who want to dump trump then the retailer who keeps the line will capture the market share. so for that person you're right. people see what they like. stuart: next case. and thank you, cheryl, thank you, david. appreciate it. next case. north korea launching a missile landed in the sea. they say it could carry a nuclear weapon to the united states. president trump says it will never happen. we're on it. dow is at a new record for the day. we're up 114 points and coming up next on this program the man on the right nigel farage. we'll be back.

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ashley: and now this. a rewrite of president trump's executive order on immigration. it could be coming some time today. judge andrew napolitano says it would be bulletproof. we'll see. >> probably the most antitrump opinion he's ever going to get is the one he got last week on thursday night from the ninth circuit court of appeals. if he and his people take that

and make a checklist of all the concerns that they had and accommodate those concerns in a new executive order, he'll accomplish the following. most important to him, it will be bulletproof, meaning there will be no place for the court to find any gaps or what you can drive judicial trucks so to speak. secondly, he will preserve the borders of the united states. politically, he'll confound his enemies.

. stuart: everybody, watch had. we've got a new high for the dow industrial up nearly 120 points. we'll get to that in a second. now this. the elites in britain do not like president trump. they're going to stop him from speaking at the british house of commons. however, our president may skip that all together and simply hold a mass rally at wembley stadium. that's britain's national stadium, basically. or even in birmingham. another huge british city. nigel farage is with us. the man behind brexit. nigel, was this your idea? a mass rally at wimpley stadium? i think it was. >> well, i've certainly been encouraging the idea. there is a president because the indian president came and did this a couple of years ago. and it seems to me that the

british political class are too stuck in the mud to want to listen to president trump, well, i tell you what. there would be millions of ordinary people in britain that will. so i think wembley stadium would be a great idea. stuart: it sounds like something completely different. the idea of an american president speaking at wembley stadium that holds 100,000 people. he would have to fill it, but then again he would. would you bring us up to date for the electoral situation in europe. because we hear noises that may well win the french presidency. and if she did, then the european union is really finished. bring us up to date on this, would you, nigel. >> yes. the front-runner has been a 62-year-old former french prime minister seem to be an absolute pillar of conservative respectability, and he is now in big trouble. big trouble for paying his

wife and two of his children out of the public purse. we are talking about many hundreds of thousands of euros. the thought is that this was done without any work actually being provided. he may well be indicted this week for fraud. now, if that's the case, then you would basically have a straight run off between marine and a man called emmanuel who was young, good-looking, but very much a supporter of the european project. and i would say this to you. that marine may be a little bit behind at the moment, but she's within grasping distanc d. stuart: and if she did win, look, i'm saying that that is the end of the european union. am i going too far? >> finished. kaput. that would be. yes, absolutely. . stuart: okay. star stop

looking so happy about it. you're the guy who brought the brits out of europe, and you're still laughing about it. thank you, nigel farage. look at this. whopping great rally all over again. believe it or not, the dow industrials are now approaching 20,400. that is 2,100 points above where the dow was on november the 8th, election day. ashley: that's also just 600 points of 21,000. we need to buy a new graphic. we blew the budget on the last one. stuart: now this. awaiting justin trudeau at the white house. a formal meeting between him and president trump. we'll take you there.

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. stuart: all right. what you're looking at is the front door of the white house. we understand that justin trudeau, the prime minister of canada has arrived at the white house, but he's outside in his car. he's not yet pulled up to the front door. all kinds of protocol rules about when you can pull up

because when is president trump going to emerge and greet him? all of that not withstanding. prime minister of canada is almost there. his car will pull up momentarily. what we're seeing here and, ashley, i want you to come into this. ashley: yeah,. stuart: they're polar opposites, are they not? ashley: well, i was just going do justin trudeau a 45-year-old liberal. donald trump a conservative. trudeau champion free trade. he's welcomed in 45,000 refugees and would like more. he calls himself a feminist. 50% of his cabinet in america is females. some would argue that donald trump perhaps more protectionist. certainly wants to crack down on migrants and refugees. however, this meeting today will focus on economy. nafta. donald trump says i want an extra f in that nafta, which makes you nervous, doesn't it? but he says he wants free and fair trade. north american free and fray trade agreement.

more than 75% of the canadian exports because it to the u.s. how many u.s. exports go to canada? 18%. so wants to maintain a smooth relationship with regard to the economy because it needs to secure access to the u.s. market. stuart: his rival at the white house has not been exactly smooth. as you can see, the prime minister of canada is in the car. they're waiting to pull up to the front door of the white house. and i'm speculating here that they're waiting for president trump to be ready. ashley: come to the door. stuart: to emerge out of the front door to greet our neighborhoods prime minister. ashley: is this a bargaining technique? you make people wait outside? the art of the deal. stuart: it's a very -- i'm not quite sure about that. it will be interesting. the protocol i believe that the president and first lady would normally come outside, stand on the steps to greet the prime minister and his wife as they arrive and come out of the door. that's how things are supposed to work. it's not working quite like

that at the moment because they're clearly waiting for the president to be ready for canada's prime minister. ashley: apparently his flight down from canada was diverted because of very strong winds here. it was going to go to andrews air force base but ended up pushed to dallas, which i'm sure slowed things there. so the schedule's been a bit mixed up this morning. stuart: i've just been told. why are they waiting? they're waiting for the canadian press core to get in place. liz: oh, they're pretty anxious about this one. stuart: and the car is moving. ashley: is that the -- stuart: i'm not going to speculate on this. but i am told the reason that they did not pull up to the front door of the white house immediately was that the press core was not -- the canadian press core. ashley: they needed to get the picture. stuart: now, isn't this fun? there is the car arriving at the front door. let's see if i've got my protocol correct. president trump and the first lady -- well, president trump. ashley: i think it's just president trump. stuart: there is? all on time. walking out.

and there's canada's prime minister justin, trudeau. ashley: he just said hello, justin. stuart: greet the prime minister and inside they go. that's it. liz: ideology opposites. stuart: ideology opposites. i mean temperamentally opposite. ashley: everything. liz: but what help this is the keystone pipeline; right? stuart: they've joined together on that one. sure. liz: president obama stopped it. trump allowed it. stuart: and if you're talking about trade. cross border trade. canada really does want to sell its oil through the pipeline to america. ashley: that's our number one oil. stuart: they've gone into the white house. the officials are now following them in. the greeting has been made. let's tell everybody, though, at 2:00 eastern time this afternoon, there will be a joint press conference. president trump and justin trudeau. i'm going to be intrigued at how the american media

responds to president trump for whom they have no great liking on how they'll respond to the prime minister of canada for whom they have great liking. he tends to be on the liberal side of things and the american media will be falling all over themselves to be very nice to canada's prime minister. the dow jones industrial average is close to the high today of 119. . stuart: polar opposites. that's what we said and polar opposites are now sitting down together. i think they're just getting into the oval office as we speak. justin trudeau canada's charming liberal prime minister meets donald trump. our president can be charming, just don't attack him. he bites back. the two have issues. trade and immigration to name two. but what's going to be really interesting is their joint press conference this afternoon.

how will the media treat these polar opposites? very differently, i suspect. the establishment media is in love with justin trudeau. if he gets any criticism at all, it will be because he's even meeting with our president. i can see it now. the press core here will ask why our neighbor will have anything to do with donald trump and why doesn't he stand up to him? in contrast, president trump will surely be asked about deportations. how much will the wall cost? his daughter's fashion line. or why can't america be more like canada? yes, i exaggerate. but i think you get the point. stocks way up. tax cuts coming. that's the economy today. don't expect the hysterical media to bring any of that up. but we will. the third hour of "varney & company" is about to begin. ♪ ♪

. stuart: this is the high of the day. up -- an astonishing 122 points. i think we should have a special graphic for 20,400. we don't have it, looks like we might even get there fairly soon. that is a rally and a half. we showed you the white house moments ago, canada's prime minister trudeau has arrived. i want to get to my take at top of the hour. chris stirewalt, foxnewspolitics.com editor.  suspect that the media, chris. america's media is going to fall in love with mr. trudeau from canada and show their contempt for president trump of america. what say you? >> well, probably, or at least some will. certainly trudeau is, the heartthrob liberal politician

and there has been plenty of swooning for him in the past but i would say this, in addition, both trump and trudeau need for this to go well. they both need for this to be a successful meeting, and they need for this to reinforce what is arguably the single-most important alliance that the united states has, our most important trading partner, and right next door. so, they both want this to go well because trudeau has problems back home in the sense as you pointed out, he is uber liberal in a country may not be fully comfortable with what his policies are. stuart: really? that's interesting. i didn't realize he had a problem with domestic politics being too liberal himself. i did not know that. i want to talk about the market going straight up this morning. the dow is 2,000 points above where it was on election day can. we say this is the trump tax rally. the president says there will be announcement in two or three weeks. how, you're on the inside of

politics, chris. is)pá realistic, that the president will be able to show us a tax reform bill plan, two or three weeks from now? >> it's possible, if it is limited in scope. stuart: yep. >> it paul ryan, what paul ryan wants to do is do it all, right? he wants to unpack all luggage relates to obamacare and health insurance. there are taxes deeply embedded in all of that. wants to deal with corporate taxes, want to deal with personal expenditures, and put it on the table to make the grand bargain washington wanted to achieve for so long. that doesn't happen in two weeks. but, what could happen in two weeks was that the administration would lay out its plan on corporate taxation. doing things to get money onshore that has been offshored, more than a trillion dollars economists believe is offshore comes back into the united states for investment. that may be trump's first priority. that is something he could talk about this month. stuart: here is something else that could happen today,

president trump rewrites the executive order on that temporary travel restriction. we hear from our own judge napolitano, if he rewrote it in a certain way it would negate all the outstanding lawsuits on west coast and negate the ninth circuit court of appeals judgment, one fell swoop and would have aç new travel restriction. that would be popular i suspect? >> it would be popular. when you're president of the united states, you make a lot of mistakes because you do some things. they wrote the document in error as the administration tacitly admitted. it admitted including people already permanent legal residents of the united states and restricting their travel was not okay. they don't, the president maybe doesn't really have the power to exclude a class of people who are permanent legal residents of country. if they drop the green card language, take that part out with the people already in the system especially people in the naturalization process, they

take that out, go with just the fact they want a temporary ban on all refugees and visas and new travel from the seven troubled countries, only extremists would argue that he doesn't have the power to do those things. stuart: chris, are things beginning to settle down? >> [laughter] stuart: we're into the fourth week of his presidency. it is not quite as frenetic it and some more positive things that the president is doing. i get the impression, things, the left tide has been broken and things are calming down on mr. trump's side. >> trump has to figure out a couple things right now. he has to figure out whether or not he is going to exceed to the demands of natural security community to out of michael flynn as national securityç advisor. that is hanging fire big way for this administration. that he has to deal with a massive distraction, allay concerns about infighting inside the administration, steve bannon, reince priebus, whomever. there is a little too much drama right now.

internal staffing stuff takes time to shake out. trump has to finish the job there. remember he is only getting his treasury secretary today. he is only competing the core competencies of his team today. so it takes time. stuart: okay, market straight up. chris stirewalt, thanks for joining us. >> you bet. stuart: there is a crisis in northern california, and that is a legitimate word to use, crisis. live pictures coming up of a dam we hear is in danger of crumbling. is there perhaps more positive news last couple hours? ashley: you can see the emergency spillway there. the concern is that the spillway is starting to collapse. they're going to do some more assessment what that spillway is doing. but we do know the water level of this huge dam as we go there, is starting to drop. that is the good news. by the way the tallest dam in the united states. it is never ever, 50 years it has been built gone over the spillway like this. so shows you how much rain and

snow melt got into the lake. 200,000 people, close it have been evacuated.ç if this collapses a wall 30 feet high of water would sweep down through the dam, into several communities. 150 miles northeast of san francisco. stuart: news to me, 200,000 people told, you leave, you leave now. ashley: go. stuart: that is extraordinary. we'll follow this of course, we will. how about this? the new iphone 8 coming out, i believe in september, october of this year, will cost as much as 1000 bucks. i want more information on this? i want to know what i get for my 1000 books. liz: 10th anniversary iphone. steel instead of aluminum. display in front of it, it could have 3d capability. look at visuals in 3d. what do you get for $1000? i'm not sure apple made that

case yet. stuart: 3d. ashley: that is just a rumor. 3d software. liz: we're talking $1000 for a phone. ashley: in the tech world that is what they think. this is the 10th anniversary edition. they want to make it special. stuart: if it does have this feature on it, i can look at a picture on my new iphone 8 and it would appear, you would see depth. you would see the 3d in it.% if they can do that. liz: it is worth a thousand dollars. stuart: is it? that is the question. liz: that is the question. stuart: answer the question, is it? liz: i don't know. i haven't seen it. with more powerful cameras. stuart: apple one of the stocks moving as you saw. here is another one, amazon, jeff bezos is planning to take on showtime and hbo with a brand new pay tv channel. a new movie channel. ashley: is that the natural development where they are now.

they have a growing number, let's face it, a ward-winning movies and tv shows. now they talk about dedicated channel to take on hbo and showtime. jeff bezos is moving onward and outwards. jeff sica, said they will be the biggest media entertainment company out there. remarkable for a company making its name by delivering its stuff to you, same day or next day. stuart: amazon, i think of it as online selling. jeff sica says they could become the biggest media company on the planet. liz: mobile media. stuart: we moves fast in america. liz: on this show. stuart: by the way, i was in florida over the weaken and couple people came up to me this weekend, we like your show you move fast. something on. the weather in britain, you don't like it now wait 10 minutes. it will change. we are up 113 points at 20,382.

that is a rally. if you look at the headlines, the mainstream media you would think the trump administration is literallying falling apart. media watchdog brent bozell is next.

stuart: we said it a long time the mainstream media takes every opportunity to beat up the administration. how about this? sunday's headline from the "new york times." turmoil at national security council from the top down. "the washington post," today, trump friend says priebus, that would be the president's chief of staff, is in way over his head. joining us now media research president, brent bozell. i, i think it is peaking, brent. it is like the emperor has no clothes.

it is venomous and contemptuous and never ever stops. we the people can see through it. what say you? >> he has been in office for one month, and, the media are treating this like this is the been, quote, unquote, problem that has been enveloping this administration for a year. in fact, no, the wheels aren't coming oaf, and everyone knows the wheels aren't coming off. so what is going on? this is a press that despises donald trump, and this is left-wing, think about this for a second, stuart, this is a left-wing nothing out there to promote. there is nothing out there to advance for the left. all they're left with is attacking other side. this is far left that has no problem whatsoever in going personal. look how they have gone personal against kellyanne conway. look how they're now going personal against reince priebus. they will do that about

everyone. they have nothing to support. so their only option is to bring down. that's what they're doing. stuart: is kellyanne conway a friend of yours? forgive me asking a personal question. >> sure, she is. stuart, she is a friend of mine and a good woman, i will tell you, i have been -- i've always known she was good but i have been amazed at how the media have for six months thrown every kind of screwball at her and yet she has hit everything out of the park. talk about despising. they despise her as well. so they're making a mountain out of any little molehill. they want to take her down. it is not going to succeed by the way. the more they attack her, the more the president is going to support her. but i think it is really a disgraceful. yeah, she is a good friend of mine. stuart: i've not seen any polls, i've not seen any public reaction to what's going on in the media.

what i'm asking is, the media, is it just going over people's heads that they're not listening to the establishment media? they're not watching the "cbs evening news." and rest of it, they're actually tuning in someplace else and they're thinking opposite what the media wants them to think? >> yeah, you look at polls. the polls show, trust in the media is going down. for all those people in the press that harp on the low approval ratings of donald trump, fine. let's understand something. they are higher than the people reporting on the low approval ratings of donald trump. stuart: does this continue for four years? i mean, this is a frenzy of opposition to president trump in the media. i can't believe that this keeps on going and going and going, surely? >> i, well i suspect the administration will continue for eight years but what does this tell you, stuart? they would rather bring the government down to a crashing

halt and destroy america's credibility overseas and cause mayhem at a time of very serious, international crises. they would rather cause mayhem in america, than acknowledge that this president has the right and a mandate from the american people to implement that which he promised to implement when he won the presidency. stuart: all, for years and years and years i've been saying to you, brent, that sooner or later this would come to an end. that the establishment media would see the light, that what america needs is growth and prosperity, and at that point a turning point would come and i've been wrong, wrong, wrong for years and years, and you're telling me that i'm going to keep on being wrong for years to come. >> yeah, but i'll share in that wrongness with you. i didn't see that after the election the media's reaction would be that they failed to understand what was going on,

which was shorthand for saying very clearly they failed to stop donald trump and now they're going to do everything, they're not going to stop everything that is focused on derailing donald trump through personal attacks. stuart: okay. >> look, stuart. you don't have to be a fan or a supporter, even having voted for donald trump to know what i'm say something true. stuart: okay. got it. brent bozell, as always, thank you, sir. see you again soon. >> thank you, sir. stuart: another big story of the day of course is the whopping great rally on wall street. dow industrials up well over 100 points which means the dow is up well over 2000 points now since the election. that is the trump rally at large. we're all over it of course, and we'll be back. why pause a spontaneous moment? cialis for daily use treats ed and the urinary symptoms of bph.

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stuart: that's the white house of course. prime minister trudeau of canada has already arrived. he is in talks with now president trump. moments from now we'll get tape from inside of the meeting. i don't think much is going to be said. both leaders want the meeting to go well, even though they are polar opposites. before we get the tape, i want to to back to a tweet sent out by prime minister trudeau of canada about immigrants. what did he say? ashley: this is right after the

executive order from president trump. he said, quote, to those fleeing persecution, terror and war, canadians will welcome you, regardless of your faith, diversity is our strength. stuart: so, he said -- ashley: that is where he is coming from. stuart: he will take anyone that we don't want. ashley: that's good. stuart: which is fine. they will be discussing that as we speak. they both, both sides want to emerge from this meeting looking good. ashley: yes, of course. stuart: because they need each other to some degree. ashley: yes, at 2:00 this afternoon, they will hold a joint press conference. i will find that is very interesting. what's the position of the american media asking questions to our president whom they do not like? here is the tape from inside of the meeting. okay. there is no sound on this. you can hear the cameras. but you're not going to get any kind of statement from either the president or from the prime minister.

this is only about 45 seconds long. it is just to show that they sat down together. the more substantive discussion obviously takes place behind closed doors with aides from both sides. ashley: handshake. stuart: nafta, other contentious subjects between of to of them. they will want to emerge looking like friends. looking like something good came out of the meeting. let's listen. >> thank you. >> thank you very much much appreciate it. >> thank you. >> thank you very much. stuart: almost every time we get these tapes from inside of the white house, a female voice, it sounds like kellyanne conway, i can't confirm that. says, thank you. thank you, time's up. out. it is over because the president doesn't answer any questions. the media, they used to shout questions. i think they're pretty much stopped doing that. ashley: they have given up.

liz: they have given up. ashley: thank you, good-bye. liz: what is really interesting, the canadian ambassador to the united states, former, frank mckenna, he weighed in, said to trudeau, don't moralize with trump. a big part of our economic growth comes from our trade with the united states. that economic growth funds our entitlement system. so play it carefully. stuart: we're not going to find out today probably, although they do hold a press conference at 2:00 eastern time. i don't think we're going to find out the nitty-gritty of renegotiating nafta. ashley: no. stuart: that is a huge subject. you might get declaration of intent from both sides. the negotiations are ongoing, et cetera, et cetera, but nothing more substantive than that probably. peter morici is with us. i should explain peter morici, tenured economics professor at university of maryland. have we got this right here, that both sides in the trudeau-trump meeting will want

to emerge looking like they're best friends, everything's going fine, that's they want to do, correct? >> absolutely. trudeau has to recognize like the prime minister of britain, that he needs the united states. we're absolutely essential to his economy and this moralizing is silly. i hopes he offers him some milk and cookies because he looks like a kid. stuart: whoa, whoa. just because he is youthful and handsome, you won't hold that against him, morici. >> he is a famous prime minister's son which helped him get elected. right. stuart: go on. >> but the important thing is that trump has to morph back to the center on foreign policy. he can't irritate everybody. he has to pick a few battles and win them. for example, dealing with the china problem. if he really feels he has to do something about mexico he shouldn't pick battles with both of them at the same time or he will get no place at the negotiating table. so my feeling is, that trump has

to limit his foreign policy disruption so to speak, just like he does domestically. he needs to pick four or five battles and win those. canada is not one. stuart: one of the things moat moat -- motivating this stock market peter, it hit 20,400 on the industrials. is that about the tax proposal? >> if you go back to my writings on several occasions i said that the stock market was you know valued because we have learned to use capital in business much more efficiently. that creates an abundance of capital, lowers required rate of return, which in turn raises the price earnings share shows you can support. right now coming into today, the s&p pe was 26. the 25-year average is 25.

my feeling that pes from 30 to 35 are easily sustainable. mirroring that, for example, is what we consider to be the maximum possible fed funds rate. overall the price of capital has come down which means higher valuations. you just need someone who is not like barack obama, and actually believes in the private sector. say what you want about mr. trump, he actually believes in hard work, capitalism, all those things that cause people to want to be americans. and so, right. obama didn't believe in america. stuart: you're spelling out reasons why this stock market has a way to go yet on the upside? >> absolutely. but trump's got to continue to create confidence by delivering on three or four important initiatives. tax cuts, or tax reform really is one. deregulation is so important. for example, he will get no place when his infrastructure program just like obama if he continues to let the epa basically be the wizard of oz of america and decide everything

that can get built and delay everything in the process. and, he has to do something about bank reform. so ordinary businesses can actually get a loan. and he has to do something about the people at the labor department and education department which keep everybody from the getting something done by making us constantly categorize all the democratic constituencies and make sure each one of them is adequately represented. stuart: but the president has done all of that. he declared his intent to make every single one of the changes and reforms that you're suggesting are necessary for sharply-higher stock market. >> absolutely. but now he has to start delivering on them. for example, if they get bogged down in tax writing, and brady has difficulties with walmart and target, you know, he shouldn't be beating up on ford. he should be beating living -- can't say it here on family show get invited back, out of walmart to object to the brady plan. it will not disadvantage them.

prices will not go up more than they say. whatever the costs of goods are the same for their competitors. there will be no competitive disadvantage. that is what he has to point out, the big problem here he doesn't have solid expertise inside his cabinet and inside his white house that understands how all the things are linked together, can string together the beads to make a very good case in the media. this is why he is having so much trouble even at "the wall street journal." just about every article they write take as whack at him even towards -- you can't have people like peter navarro running around trying to make your case. stuart: one quick point, one. reasons for the dow going straight up today, especially bank stocks, i think, you tell me whether i'm right or not, the announcement that daniel tarullo will be leaving the federal reserve board of governors in april this year. he is the guy who essentially clamped down on the banks with

banking regulations. i want to roll you a quick sound bite from dick bove, a bank analyst, what he said about tarullo earlier on this program. roll tape. >> the velocity of money in the united states is plunging and it's plunging because we have all of these regulations put through by the fed which is controlling the growth of money supply, which is weaking the ability of money to stimulate economic growth. his passage is great. stuart: bove says with tarullo out, the floodgates are open for growth in the economy. you agree with that? >> well, we have to see what the next guy does. he has to roll back a lot of what tarullo did. stuart: will be the president's pick. >> absolutely. but the thing is, he will go to mnuchin or somebody like that, come up with a another goldman sachs hack, who will have particular reform that helps the company he worked for. or helps him make a deal. you need someone who really understands the system and will

effect systemic form. someone like sheila bair. that is what you need to put in there. the trouble mr. trump likes people who look too much like himself. you know, i was just down to that beautiful resort he has in florida like you. i was there on wednesday night having dinner. it's a great place, but making financial policy not like making a great resort. stuart: we'll leave it at that. enough of the goldman sachs hacks, some will like that including judge napolitano. great stuff there, peter. >> what about me? stuart: we understand, gotcha. thanks, sir. >> bye-bye. thanks a lot. stuart: a rewrite of the president's executive order on immigration could be coming very soon, maybe today but a rewrite is probably coming fairly soon. judge andrew napolitano back with us on this subject. now, you said something very important right at the top of our 9:00 hour. it is 2 1/2 hours later.

let me see if i got it right. if president trump rewrites the executive order in away that gets rid of the problems with the ninth circuit court of appeal, if he does that he is free of all the legal constraints placed upon him by west coast judges? >> well, it depends how he rewrites it. if he rescinds the order he signed and issued on january 27th. that takes it away from the ninth circuit and take it from 48 other courts which it has been challenged. my understanding is, from our colleague at the white house, john roberts, that he is not planning to rescind. he is planning to amend. my advice for what it's worth, is, rescind, confound our enemies. get it away from the courts. start all over. you can rescind and issue a new one at same time so there is no gap but if you amend this, it will still stay in the court system. you have all these judges deciding whether or not the

amendment cures the original defects. stuart: hmmm, which means it will be held up for a lot longer once they hear -- >> in my opinion, yes. i have to temper my opinion by saying i obviously don't know what the president knows. i don't know what intelligence material is based on he should not reveal to me, public or courts what the intelligence material is which is the courts saying he has obligation to tell them. he doesn't have obligation to tell them that which is top secret and made determination these are the seven countries he has to block people. stuart: i'm interested in the level of delay and obstruction. if he completely rewrites it would still be challenged by the courts but starting off with totally fresh challenge. if he amends it guys back to the same court already ajudicating it. >> that is my concern as well. again i don't know much about this as lawyers in the justice

department can probably engaged in whatever they're drafting as white house legal counsel and intelligence people to whom the president reports. but knowing the president, i think he would enjoy confounding his enemies an rescinding the original one will utterly frustrate them and confound them, because all those 48 lawsuits they have filed will be gone by end. day or by the enof the week. stuart: you're putting in a plug for a total rewrite. >> i am, i am. he can't give the ninth circuit everything they want but he can give enough as lawyers say or as trial judges, say, my former life, when you fear the appellate court make it bulletproof. don't give them an option jumping in there anywhere. stuart: i have a fast question on the situation in california. as you know a dam, the tallest dam in america is in danger of collapse.

>> right. stuart: governor brown of california says i would like federal help. i want federal money to fix this infrastructure project. can president trump say to governor brown, yes, you can have your money to fix your dam but you better not be a sanctuary state. can he do that. >> he can say it but he can't enforce it. only the congress can put strings on cash. the president cast copious amounts of cash for these emergencies. i would think he would willingly declare a state of emergency which triggers a lot of federal benefits and very, very low federal loans and kinds of things like that but he can't unilaterally put those strings on there. he can say, hey, jerry, remember this favor i'm doing for you now, i will come back for a favor from you in a couple months when the water has subsided. stuart: what is that movie, the one that one about the mob. ashley: "goodfellas"? what are you talking about?

stuart: what was that one -- >> talking like i don't know what you are talking about. stuart: i will make you a deal. "the godfather". liz: an american, are you. >> what was movie, "the godfather"? there were three of them. the president is the master deal-maker and his adversaries should understand that. i've been saying chuck schumer, instead of attacking him, giving speeches all night, cut a deal. you want gorsuch, here is what we want. stuart: senator schummer doesn't want a deal, he wants total, outright opposition so his left-wing base stays with him. >> that would be the left-wing base chanting, screaming in front of his brooklyn townhouse every night. i don't know. they were last week. stuart: the president does not have emergency leverage on emergency funds for california. >> he does not have legal leverage, he has the bully pulpit. he can't put strings. only congress can put strings. congress can put serious strings

on there. when congress puts strings on that, those are enforceable. local munition at pallets and states -- municipalities will take the cash no matter what the strings. stuart: you're not in favor of strings. >> no, i'm not. strings enable congress to regulate in areas that the constitution prohibits of regulating. stuart: i would approve this regulation. >> basically bribing the states to do something. stuart: can i pick and choose what i want. >> bribery is a crime except when the government does it. [laughter]. stuart: it is not bribery. strong-arming a recalcitrant leftist on the west coast. >> here is $100 million. change your laws. say that in albany you get arrested. stuart: here is $100 million. don't you dare make your state a sanctuary state. what is wrong with this? the godfather, i will make you a deal. >> that is not bad, mr. varney. not bad at all. stuart: i'm an american after

all. >> yes you are. stuart: judge, you're right, no matter right. thank you very much indeed. >> [laughter]. no matter what. stuart: look at this the price of oil is down. opec is actually enforcing its production cuts and cutting by more than anytime in eight years. ashley: you would think the price of oil would go up. in fact, opec from december to january cut its oil you'd put by 890,000-barrel as day. 90% compliance. unheard of with opec but the problem is? the u.s. continues to pump oil. there is concern that the amount of oil that is being produced here in the united states offsets anything opec does. that is shale oil. number of oil rigs into production continues to rise. we're humming along offsetting any cuts opec puts in place. stuart: american frackers. what they have done for the world. something completely different now. a race dog owner in palm beach,

florida, naming one of his greyhounds after fox news meteorologist janice dean. roll tape. >> janice dean has big early lead. the weather machine is firing on all cylinders. that is the forecast for today, is a huge win for the weather machine janice dean! stuart: got to like that. ashley: it gets better. stuart: janice dean the greyhound won the race. it is second time she has won in the last two weeks. i am told that the dog's owner also has a dog named, stuart varney. a dog himself. ashley: you ran yesterday in the 10th race at palm beach. came in sixth out of eight. stuart: i did? ashley: you're running against wednesday. >> your executive producer told me you spent the weekend at varn-a-lago. stuart: i was in florida.

liz: resting up for state visit with the queen. ashley: greyhound. stuart: i didn't know this. >> name an english bulldog after stuart varney. stuart: i'm an american, okay? pay attention to the stock market, ladies and gentlemen, because we got something to tell you. we have a record high. look at that. 20,400 was just reached moments ago. shortly we'll be hearing more from prime minister trudeau of canada and president trump of the united states of course. they're meeting now in the white house. a little later they will hold a joint news conference. you'll see it. the dow is up in record territory. don't you love it? we'll be back. great panther silver produced approximately 4 million ounces of silver last year at their 2 mexican mines. their recent mine acquisition in peru, once fully operational, stands to increase their production up to 75 percent. great panther silver

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where investors can investigate and invest in vests... or not in vests. sign up at etrade.com and get up to six hundred dollars. >> i'm nicole petallides with your fox business brief. it's a day of records, the dow, the nasdaq, the s&p and russell 2000 all hitting new record highs. this moment the dow is up 129 points. the s&p 500 gaining 10. the idea is better corporate earnings, cutbacks in taxes, also regulation. looking at names hitting all-time highs, financial and industrial names. technology, consumers. jpmorgan and home depot, two dow components, lifetime highs. some of the best performers since the election. boeing and ibm as stellar performers. s&p 500 which i mentioned all-time high. hasbro, honwell. positive comments from goldman sachs.

nasdaq also an all-time high there. year-to-date up about 15%. those helped move things along. start here with fox biz at 5:00 a.m. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances.

stuart: president trump meeting with canada's prime minister, justin trudeau as we speak. joining us former senator scott brown, republican from massachusetts. good to have you back, sir.

>> stuart, great to be on. stuart: we're not expecting any fireworks from whether they have the joint press conference later on this afternoon, because we figure both leaders want to look good coming out of this meeting, if they're good neighbors, good friends, good partners. do you agree with that? >> i do, stuart and they're our greatest trading partner what they do today will set standard for rest of the worlds when it comes to other countries in world. we have oil issues with the pipelines. we have tremendous trade opportunities. the defense and security of our hemisphere notwithstanding mexico and they should focus on things they agree on. stuart: it is an opportunity for president trump, if he can successfully open up negotiations about nafta with a relatively friendly response from our northern neighbor, that

is a plus for president trump, surely? >> i think it's a plus, plus, plus, if mexico, canada, and united states get involved. nafta like any other treaty and agreement needs to be updated periodically. what has it been, 20 years if i'm not mistaken? we need to update it, reconfigure to not only changing technologies but changing ways of communication, changing ways of finance. it is i think more than appropriate. i would think the prime minister of canada would welcome a opportunity to continue this amazing trade arrangement and friendship arrangement with the united states. stuart: scott, the stock market is taking off, again today. we're at 20,400. it is just going straight up. we believe it has a lot to do with president trump's statement and kevin brady's statement we'll get a tax cut bill we can see, look at, within the next two to three weeks. that sounds like a very speeded

up schedule. do you think they can actually do that, scott? >> stuart, you nailed it this morning and called it right over the bat, shot up 2,000 points since the day president trump started. congratulations on that. i think absolutely has to do with his tax policy. here is the problem. the people who are complaining, stuart they have no right to complain. because we don't even have a treasury secretary now, who will be driving that train. so i'm thankful that obviously mr. brady and president and his team is kind of crippled and hampered as it is moving forward at really wonderful pace to show the american people, as he said, the tax policy, giving individual and corporate tax breaks to make us competitive globally is the number one priority in the administration. so i just hope he get as commerce secretary and obviously a treasury secretary that can ultimately eventually work together to figure things out. stuart: you just don't see this in most media outlets.

we're concentrating on what we think is the news, which is tax cuts, huge financial bill, reform regulations, dropping and replacing obamacare. we think that is the news. we're concentrating on that, you're helping us do it, scott. something positive on donald trump. nobody else has that period. last word to you, scott. >> they're still angry, stuart. you will find people that will complain. we're deporting people here illegally. the shock, horror. many of these people are felonies. if you're here illegally, don't break the law and become a felon because you're the first ones out. so i'm thankful. i'm hopeful. i'm hoping he get as full cabinet so he can do necessary job. stuart: scott brown, as always, thanks for joining us. see you real soon. >> great to join you, stuart.rk. why not?

this is an up day, 130 points higher. 26 or 25 of the dow 30 are in the green, straight up. we're 2,000 points higher than where we were on november the 8th, election day. how about that? liz: astonishing. stuart: up next, latest edition of the fox business hit show, "strange inheritance." here is the a clip for you. >> look at that panel over there. >> one after another. >> did you know at that point i maybe have something very, very special? >> the thought went through my mind. maybe it is more than a few drawings. the future of business in new york state is already in motion. companies across the state are growing the economy, with the help of the lowest taxes in decades,

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stuart: interesting. breaking news on the national security advisor general mike flynn. ashley: he has been under fire, being criticized for talking with a russian ambassador before donald trump was, became president, discussing sanctions. if you remember obama administration imposed sanctions for essentially meddling with the u.s. election. mike pence, the vice president, said, i spoke with general flynn, he told me no, he never talked about sanctions. he went public with that. turns out flynn, yes, we may have talked a little bit about sanctions. he apologized to mike pence this morning. this is mike flynn. very much under attack.

the white house also saying, the rumors, and that is what they call them, rumors and gossip he will be out by end of the week is simply not true. he was part of a meeting with president this morning, a two-hour meeting asked for security issues. stuart: he is in at the moment? ashley: he is. stuart: thanks, ash. check this out, please. jamie colby, host of "strange inheritance," recently met with someone who inherited the world's largest ancient indian rock drawings. watch this for a minute. >> this was probably done thousands of years ago and speaks to us today. it is truly american history. >> look at that panel over there. >> one after another. >> did you know at that point, i maybe have something very, very special? >> that thought went through my mind, wow, maybe it is more than just a few drawings. stuart: so, jamie colby joins us now. am i right in saying that those people inherited the cave and rock drawings, they inherited it?

>> they did, and there could be as many as 5000, what are called, stuart, pictographs, historical indian drawings. some of them are war shields. some are scenes. two okay psychologists studied it and said it is one of the most valuable pictograph sites maybe in our nation, maybe in the world. any historical buff should make the trip as we did do montana to meet macy argrin instead of selling the property or cashing out, gives schoolchildren and tours to see the piece of history. definitely a "strange inheritance." stuart: definitely a "strange inheritance." i think you met a man who inherited 80,000 autographs, is that correct? >> you know we've seen autograph collections but our standards are so high now. macy wrote us at jamie @"strange inheritance".com, next thing she knew we were at the cliff. david, who i met in washington

state and traveled to study to look at autographs. he had something different, stuart. not just 80,000 signatures, not studio stills. no, his father and his sister, his aunt were not satisfied with those. she took her little brownie camera, they were latchkey kids and traveled to broadway and ultimately to los angeles, not only take pictures of ronald reagan and marilyn monroe from the glamour years up to the today, get them a a second time to get their signature. makes it one of most valuable autograph collections you will ever see. stuart: jamie colby. thank you. "strange inheritance" with jamienew episodes monday, 9:00 p.m. eastern. great show. more "varney" after this.

the story that is not just introductory white house, the new immigration orchard that may or may not be coming. it is the upmarket up again and giant proportion in the dow is now up over 2001 to november the eighth election day. our time is that good meal, it is yours. neil: thank you very much, stuart. you've been discerning what is behind all a behind all of behind all of this spirit ever and focus on what is contributing to the latest surge in stock spirit americans as obvious as the nose in front of your face. ♪ many times when i express my infatuation with this zinger adele, she refused to be on the show when she -- when we have backed us up in august. 30 didn't thought when we surprised the world that the next day the markets across