strong economy and we're going to remain a good partner. quickly on china are you worried about some of the issues around china from espionage to the theft of i.p. to the force transfer of technology and a the trade issues? >> yep. and -- >> what should be done about it? >> like i think this is why i say to people even though you don't want to trigger a trade war with and -- and you know, end up causing a a -- break do you in global trading system american administration is not wrong to put these issues on agenda they have to be put on agenda and i think it shall i mean my advice to europe frankly would be with also to put this on agenda because it's a real issue. with the u.s. because in the end, lock we all know that power of china is beginning to be huge. its economy is very strong it is interrelated with ours and politically more powerful. but we need to make sure it's done on a fair basis. now i hope that we will get a resolution of this so that we

can dial back down the -- the rhetoric right, and the activity but the issue has to be dealt with. >> mr. prime minister thank you for joining us good to see you tony blair that will do it for us varney late to you this morning. sorry about that. over to you. >> thank you indeed maria good morning to you and good morning to everyone. absolute chaos in politics. the stand-up between the president and speaker pelosi has become frankly absurd. the government is still shutdown. now, wouldn't you think investors will be a little worried maybe selling a little? all right, look at this. there is a little selling this morning, we're up 170 yesterday and weal be down a little, a little lower this morning. negative comment on china trade coming of daf selling but above 24,000 and more gains for nasdaq and the nasdaq is going to open a little higher today.

excuse my mouth here. maybe this is what is motivating investors. profits -- have all of the big companies reporting so far profits are are up 16 and a half percent from a year ago. that'll strong and so is this number 76% have beaten profit estimates. we have the latest financial statements for you and most are looking good. america is in a confrontation with venezuela president has ordered american diplomats out of the country. president trump says they're not leaving. we are backing the interim president. there is talk of an oil embargo and naval blockade. it look like fend game for venezuela socialist dictatorship. varney company is about to begin. >> the people of venezuela have is suffered enough and 3 million

have fled their country because of deprivation and oppression. and poverty, two million more are expected to flee venezuela in next year alone. the country is literally a failed state. and what, what president represents is a new beginning for the the people of venezuela. >> pretty strong stuff there coming from vice president pence on situation of venezuela come on in please roger wicker republican from mississippi. mr. senator you sit on arm services committee. would you support a naval blockade or an oil embargo for venezuela that's what's being talked about. >> i would sure listen about that but let me say i hope -- my fellow americans are watching and paying attention. this is what socialism gets uh-uh you. but decade and a half of socialism has turned an old rich resource, rich ally into a

basket case economically so i support the administration and support the other, majority of the latin american countries who have endorsed the new -- guide and administration. >> mr. senator hope it works. forgive me for interrupting here but it seems like we're at a confrontation aral moment right now. today, are you willing to follow through on this confrontation? >> well what i'm willing to do is listen to ambassador bolton listen to people in pentagon make an informed decision. i think that -- i hope we have our act together this time 15 years ago there was an attempted cue against chavez that founder of this new socialism movement in venn is sway la, and the cue lasted about three days turn outside to be a disaster for the united states and for the people of

venezuela so i hope we've been anticipating this, and thinking it through and based on that hope, i hope today we hear plans and con con ting cities that we have listened to. >> i know you've seen this from the coast guard commander his people are not being paid just watch this for a second. i find it unacceptable l toll reare lie on food pantry and donations to get through day-to-day as life and service members continue it stand tall your dedication in this adverse arety defines best of our nation. do you know of any move on this shutdown? >> i have legislation to pay the the coast guard members.

they are uniformed servicemen, the army navy, air force and marines are being paid during it this shutdown because they're d.o.d. so i've been in touch with the coast guard they come under jurisdiction of my committee, and -- >> mr. senator. we came close to unanimous consent and try again today. >> i'm -- trying to -- >> paying coast guard members. >> forgive for interrupts but with neaps speaker pelosi is speaking right now. i just need to listen in here. >> sure. >> of course our inspiration and support and just leader fill and he and kate thank you so much. thank you so much. [applause] chairman of the board, the president of families usa we were just talking about god's work. you know, people always like to say, i hope god blesses our work and there are others who say why don't we just do god's work?

>> moments later speaker pelosi was talking about unity within our party and i wanted to catch that i'm sorry we missed it. but back to senator wicker, mr. senator, i just want to know is there any move that you know of towards a compromise here on the government shutdown? that may get it opened up again? >> sorry -- >> most significant moves the president's offer last saturday. and frankly, if up to me in a perfect world we would have voted on that monday at least but by had closure and it has to be done today so this is an opportunity to see where elected senators stand on this issue. it's expected based on whip count that the president's plan will not be -- will not get to 60 votes neither will senator schumer plan that ought to get us back to the negotiating table and frankly i think, negotiations have been

going on in anticipation of the votes but this is a positive step, and frankly, i thinking in their hearts at least 60 of my colleagues know we're going to have to have some border structure funding in connection with a billion to fast our appropriation bill and get our government running for rest of the year. >> thank you indeed for being with ugh. sorry -- >> a lot going on today. smg yes, there is. speaker pelosi moments ago was saying that health care is the most important issue in the campaign. if she says anything about the government shutdown, or the "state of the union" message we'll bring it to you real fast. meanwhile, back to the markets we're going to be down at for the dow industrials at the opening bell. there were some negative comments on china trade that hurt the market but not much look at that down 30. we're still around 25,500. that's not a market that's really hurting.

take a look at ford motor company yes they're losing money in china. they're losing money in europe. and making money in north america, the stock is -- flat. $8 a share up 2 cents this morning. higher fares that helped american airlines boost its profit, and the market likes it. we're up 6 and a half percent on american airlines. i want to bring in market watcher rebecca walter back with us this morning. rebecca welcome back good to sees you again. >> thank you, stu. i have a feeling that this market just wants to go up. despite all of the nonsense in d.c., are you with me on this? >> i am. i am ping the economy is like you megsed earlier we're concerned china is trying to convince world that 6.6% growth is not that bad but we do have strong earnings numbers look at 16% up 70% coming either having such a strong year so we are -- we're really having a positive start to year and thank god we need it after october, 30 of

last year. >> do you think we're at 24,500 on the the dow industrials. right now -- can we get closer to the 26,000 level, the record high reached last year? can we get close to that again? >> well, stu, with the march first deadline looming we have to get a resolution certainly government shutdown will start i haven't seen impact yet and haven't at all but it is going to start having some kind of impact if we can't get tax refunds to spend retail shopping like we're expecting like we're used to so we can't get to that number until we get real resolution and we've got to get some kind of resolution with china. it can't go on indefinitely like this. >> so some resolution with china reopen the government and yes, we go up from here on the market. >> i think -- i think. what you know, although we've got federal reserve issues and we still have, you know, we have the normalize of rates and deleveraging of 50 billion a month on our balance sheets those have an impact as well. >> we've got it sorry to cut it

short rebecca but such a busy day what can i say in rebecca walter you come back and see us again real soon please. >> thanks stu. another look at futures we're down just a little at the opening bell for the dow industrials. let me talk to you about microsoft -- they say they're bing surgery engine blocked and financial los angeles times reportses that blocked by china's government that have any impact on trade talks we're on the story for you. big layoff coming to website buzz feed interesting timing here. announcement comes days after buzz feed released unconfirmed story that president trump told his former lawyer to lie to congress. that story was discredit ared, denied -- now, there are layoffs. and a company that makes 3d precincted rockets use heard that right rockets just got permission to test their spacecraft at cape canaveral hear from that company, ceo i want to know how do you print 3d

print a rocket? very big precincter you're right. more varney after this. and every time we move, things change. apartments become houses, cars become mini vans. as we upgrade and downsize, an allstate agent will do the same for our protection. now that you know the truth, are you in good hands?

talks are schedule ised high level talks scheduled for next week with us right now china detains i'm sorry, china detains some canadians america demands the extradition of a huawei executive to america from canada. is this coif a fly in ointment that upsets talks next week? >> it affects the atmosphere no doubt about that but sturted if you go back to five big tboarkses american presidents have had with china in the past, you see patterns patterns with atmosphericking but they wait until last minute to make the best deal they can and involve two presidents face-to-face that's been the the pattern for five big negotiations involving obama,

reagan, with clinton -- nixon. i see some patterns in these that are optimistic for how things will work out but i don't expect a lot to happen next week. >> but do you expect somethings positive by the march first deadline? >> i do. i think this last minute chinese approach works in our favor because they know there's a deadline. they know that nancy pelosi and chuck schumer many others, senator sherrod brown they all a support tariff and in a way some democrats are leaning forward for more tariffs if the chinese "don't ask, don't tell" have -- don't have a deal and this strengthens certainly. >> let me break away i have a news item about microsoft which says it bing surgery engine is blocked. >> it is blocked. if you try to use it within mainland china it directs you to a user phage that says seiver cannot be reached. microsoft says we have confirmed

that bing is currently inaccessible in china and engaged to determine next steps, of course, let's not forget that you know google is blocked since 2010 but president xi has exercised a strong clamp down on internet concerned about social media in the last couple of years and this is another xasm. no reason tbifn. but it is believed that the chinese government ordered it. >> okay michael pillsbury still with with us any significance in this blockage of bing this search engine? >> it is significant because as you know at a timing back to bill clinton this was a dream that internet would open up china. all of the chinese 1.4 million could skip the news and know what's going on in the world and they would demand political freedom and open the economy. that hasn't happen haded and this is another example of how the chinese party leadership is able to control internet access. so the agree to what chinese know what's going on is increasingly limited. >> it is extraordinary this degree of control these cameras

everywhere ban of open internet. i mean, did you it shall are you surprised by this? >> yes. i had not realized that they can do this in foreign countries including our own. once they have the surveillance technology control you might say with cameras and artificial intelligence they can have the stuart varney photo with with ear and nose an characterizes smile, they can look for you anywhere in the world but there's a camera around and then track you and then not necessarily real time but some day they want to know well stuart vanny have any friends in nigeria boom they can see who you went to see find out what you said. this is getting kind of scary. >> can we do that? >> no. [laughter] >> really -- so they've got that kind of global reach with that authoritarianism i guess you would say? that's really extraordinary. >> this technology theft is taking place often been from us and from germans as well that they're integrating a new

surveillance so many to be legal in our countries so it is really not a good thing. how far, this can also be covered in the trade talks. because technology theft special forcible technology theft by these partially owned companies american and a other foreign companies, that can be shutdown that good news, of course, is that chinese still want to make deal and they're willing to cut back on some of these practices but can we verify and force the deal that's the big question stuart. >> you're an endless source of good information michael that's why president trump watches and listens to you that's a fact. mr. pillsbury -- >> i didn't speak chinese today. okay. [laughter] thank you michael see you. all right where are we on futures market now we have 10 minutes to go before we open up and down just a fraction for the dow. up a little on s&p, nice gain, though, coming up for the nasdaq so technology is probably doing well. now, we have some new fox poll numbers on the economy. came in overnight not dwooz for

president trump we have got numbers for you after this. [ phone rings ] hey maya. what's up? hey! so listen, i was taking another look at your overall financial strategy. you still thinking about opening your own shop? every day. i think there are some ways to help keep you on track. and closer to home. i'm all ears. how did edward jones grow to a trillion dollars in assets under care? thanks. by thinking about your goals as much as you do.

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...well almost anything. leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. two new fox polls on economy not good for the president. a decline in economic optimism 30% say they think economy will be stronger a year from now down

significantly from the 55% who said the same thing bag in 2017. and 50% think that country is worse off than a year ago. 34% say it's better off. you know, i've got to say that looks to me like bad news on the the economy for the president. >> it does even though gdp numbers are coming in strong with federal reserve said it is coming in strong wages are growing jobs are growing. it is bad for any president. any president you know with the economy is doing it really can hurt a president's status. separate from this, what we're talking about with president trump. we know in the past when bad economies have hurt presidents. you know, we know that it is the economy was dropping under clinton clinton would have been thrown out of office we would have been impeached that happened to nixon nixon was tossed, with bad economy was going on during then. it is just a feeling that people have the national nervous breakdown in d.c. it is spilling over into sentiment. consumer sentiment.

interesting based on record low unemployment and job security is a big part of psyche but beyond that to lizzy point i think chaos in washington -- certainly the markets all of this plays into give impression that things are not as good newsed a they have been and going forward suffering more. >> how do you fight the media? the yeetd is never telling the true story about this economy. the end result from the beginning. >> that's their wield house that congress house is to be in a permanent state of outrage d.c. media wheel house to be in state outrage but underlying economy but that is doing well. >> remarkably well. woo going to open the narcotic in what four and a half minutes time we will be down a fraction on dow not much change for the the s&p. but look at those technology stocks. they're going to do well this morning. back in a moment. alerts -- wouldn't you like one from the market

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gone up. my question is, chaos and confusion in politics today is the market going to go up some more? and a the answer is, it might. because we're not going to see really heavy selling certainly not from the opening bell. which is now ringing -- they're going to stop ringing here we start trading off we go thursday morning. where are we going? down just a tiny fraction for the dow industrials. remember please up 170 yesterday. all of this chaos and confrontation and we're down what, 6 points in the first 30 seconds of business. now we're not going to close like this i understand that but down just a tiny fraction at the start let's see about the the s&p 500, that is up tiny, tiny fraction. here's what i'm interested in nasdaq composite, let's have a look at technology stock doing reasonably well no selling, up about what -- .16%. that's not much but it is a gain. big names some of them are big names are reporting their

profits todaylet start with american airlines look at bristol myers the spice people, of course, southwest airlines. american airlines is up southwest is up. their airlines but the drug company and the the spice people are down. look at mccormick down 13%. all right, the big tech names the nasdaq is doing well. big tech names not doing too badly. apple is at 154 amazon town a little bit. facebook down 30, 60 cent that's nothing. alphabet is up 20 cents that's nothing. microsoft dead flat at 106 okay. [laughter] i, obviously, need help -- come on in. michelle is with us scott martin is with us elizabeth macdonald so it ashley webster. all right i think markets care more about profits than chaos in d.c.. are you with me michelle? >> absolutely they're looking at earnings and earnings look really good about three-fourths of companies that have report

sod far have actually beat expectations. >> that's a big number. 76% to beat that profit number that's good stuff. okay scott martin do you agree that they are more important than political chaos at the moment? >> i like the comment about the beat so far because we need it. think about this guys if we have earnings trail off here which i expect to maybe see mid-year, just depending on tariff wars how they have companies run into i will tell you this market would be in a lot more trouble than it is so good earnings news and comment that we have seen from companieses so far, are allowing us to mitigate attention in d.c.. >> now look at wal-mart they're trying to hire hundreds of truck drivers now you can regard that as an economic indicator but first -- liz is going to tell us what those truck drivers are going to earn. 88,000 with chance for raise and bonuses wal-mart truck drivers are considered to be the best

treated in the entire industry. this is an amazing story why? because it shows what's beginning on in broader market with a massive shortage of truck drivers. that shortage set to triple in about 7 years time to about -- they need about 175,000 truck drivers cross the country it is not an easy job so wal-mart has its own fleet. it has about 8,000 truck drivers wanted to hire 900 more in year and they're treating them pretty well at wal-mart. what about title labor market if you want new staff and you've got good qualify -- and what's behind inflation we know that cost are going up to deliver things. as shortage a of trk drivers continues, the food makers hershey nestlé saying food is going up and because cost of shipping because of that shore is taj that's a major economic issue going on right now. smg get in there scott. what do you say? >> fuel cost great in the last three months have come down

considerably stuart i know you love to report on gas prices at the pump diesel as well. what's great about wal-mart they have a lot of great demand out there and look at wal-mart stock versus s&p 500 since we've had this selloff in november and december. outperforming index. >> okay. apple news on apple they're cutting 200 people from their self-driving car division. that's news. i never -- look i never got behind this idea that self-driving cars are going to take over in my lifetime i don't believe it. >> so many difficulties with the software inside can it recognize road signs can it recognize a puddle versus know drift. absolutely. can illegal issue too who is liable for driveless car that owner and software. smg information with them. say that again. >> what if you got in a wreck what if you got rear end by self-driving car how do you exchange insurance information if nobody is in the car? >> it is not there. not that exactly correct.

take a long time to build it out apple was software but providing software that would go into self-driving cars and they're so far behind many others i'm not surprised. >> i can see self-driving taxes -- you know, press a button up comes car service i can see it sure but me prnlly why should i buy a self-driving car? >> better bet is probably robots that deliver pizzas to college dorms. >> can't forgetting drones drones might be here before self-driving cars. >> yeah stay with a from the airport. we're five minutes into trading session on thursday morning, and we're down 37 points for the dow industrials. i don't call that a heavy had selloff look at this texas instruments better profit for the stock is nicely higher and nearly 4%. profit, though, falling short at the gaming company. las vegas sands, and that stock is down 2%. lower copper prices that is down 4.5%. price of oil this morning why is

it around 51, 52 not much changed 5278 up a fraction. price of gas is up again. 2:27 is your national average right now. all right next case, last week we told you about netflix raising prices. now rival hulu dropping the price of its basic service to just 599 a month down from 7.99. the price that they're rated on live tv package, that, though, is going up. i think it is now 40 or going to be 4495, per month. that a problem for netflix? >> i think it is a problem but hulu but disney is in the space too so i think -- >> nah -- not interested like netflix in a couple of years you don't know that. a lota lot of infrastructure gog into that space. spending billion a year on content. >> this was us and series killing eve.

this is -- >> i don't watch it. i watch it too thank you. scott martin you take this as a plus for netflix making nor noises out there. ening right too many noises i agree and they're not really discernible here's the thing. you know you're making good points, though. you're getting what you paid for with hulu i think to some degree on their streaming service with regards to quality of show you get there let's say. sorry michelle. but netflix look netflix is dominator they remind me of amazon they doapght care what they spend as long as they get eyeballs to get or more content out to you i love what they have on there. i mentioned many favorite movie is last time i'll say it baby-sitter. check it out. >> okay. all right -- millennials -- this is a sign of the "times" story did you know they're not buying diamonds for more jewelers that's hurting like kay, zales, jared -- times are changing. michelle mckenen -- divert to you.

>> millennials on stage. i absolutely agree with this article. i mean, i think at the engsd of the day millennial were looking for more boutique brands looking for smaller brands, more customized brand, and we're not necessarily going to the mall to buy our jewelry so -- >> come on -- you know it is like nothing says i love you like a lab grown diamond. they're going for the cheaper lab grown diamondslet face it. >> they're not getting married. >> they are not -- >> well millennials are getting married but getting married older. >> later in life. smarter. >> past millennial stage. >> come on. we sure talk about everything in this. >> we're not buying diamonds like we used to and it is a sad thing. but we have virtues. all right facebook several advocate groups reportedly urging the government to look for a breakup of facebook. >> this is absurd a ripple not going to happen. this is an emotional reaction versus market reaction this is

you know, the government goes after monopolies for price aring over high per consumer prices or company dominated its sector by being, you know -- baffle in the way it got there and facebook has no indication of that. yes behavior is bad. but is that a reason not to bring it up? >> a sap and instagram really break it up it won't happen. >> that i have already broken the the stock. the controversies already broken stock anyway and stock pullback what 80, 90 becomes from highs that's already broken up company that some degree anyway. not like we're talking about. so market is kind of taking care of what facebook is kind of done to us so far in my opinion like it took care of ibm microsoft came up. remember reagan -- and reagan justice dpght went after ibm they thought they were going to break up but microsoft came along almost and we have to say good-bye to you michelle and scott good-bye one and all. but look at the market. now we're taking a leg south. the market, the dow shows a loss

now of 77 points. that is one thursday of one percent. we're right at 24,500. what's coming up on the show for you? well the country most expensive home just was sold. it is a condo, condo in new york city four stories overlook central park. well, of course, we're going to tell you how much it went for, of course, it went for a lot of money. president trump postponing a "state of the union address" after a speaker pelosi said he couldn't deliver it in house chamber during shutdown this fight is truly nasty and we're on it.

all right a sudden turn south i don't know the particular reason for this move. but we are now down triple digit

down 106 as we speak. just check out ibm for a moment it was a high flyer yesterday, up a very strongly just a tiny backoff today it is down 84 cents but level is 132 on ibm how about tesla. that stock has been had under the weather shall we say recently down again today. they borrowed a lot of money. now the io u are are coming due. >> 920 million on march first so what that means is those people who invested in those convertible bonds can say hey give me cash if they say give me cash on march first that will chew up about a third of tesla concern on the the balance sheet. that's a lot of money for tesla. it is high noon right now for tesla it has about a to go to get that stock to 359.88. it is off of that right now. so -- yeah. they're in a race for i guess right now. elon musk is. they're at 284 as we speak.

got a long way to go. politics -- president trump tweeting about the "state of the union" here's the tweet. after shutdown was going on nancy pelosi asked him to give a "state of the union address" i agreed. she then changed her mind because of the shutdown sunlighting later date. this is her prerogative i will do the address when the shutdown is over. congressman roger william republican from texas joins us now. it the president blink, sir? >> i don't think so. i mean, i think he did the right thing i actually think he showed leadership stuart. you know, "state of the union" is a big deal if we would go to another stadium and hundred us of thousands of people it would be perceived as rally couldn't be coffered by media so i think he did right thing it is the right tone and we just need to speaker pelosi to come to the table and let's make a dole and get this thing over with in five or ten minutes. >> number two in democrat in the house is contradicting speaker pelosi and this morning on fox news new jersey democrat saying come on let's get on with some

negotiation are democrats split here? smg well i think they are i think we see realizing that 800,000 people out of work and all we hear about could be fixed by negotiating. i was anxious to see they came they have a plan they're talking about now with more -- more boots on ground more border patrol more secondary barrier, and technology, i mean, that's a plan that i think a lot of us get onboard with with and get going. but you've got to have her come to the table you can't negotiate with nobody that's what's happening right now. >> my apologizes mispronounced democrat from new jersey. but you don't see any prospect of speaker pelosi backing down at all? she seems to be in a corner here pressed into that corner by her -- her left left wing. and alexandria cortez voted against any money going to i.c.e.. >> i think she is, i think she

is pushed into corner trying to satisfy the left that was able to get her into speakership. but everybody is being held hostage right now i would like to see the president and expressed this to go over to speaker pelosi's office and just say i want to see you and if she doesn't want to see him i think that's bad optic if she sees had him and they go into office they can negotiate that's where he is with a good product on table like i say product coming out what i hear this morning i mentioned that a climber is talking about and others something that somebody like me could vote for. >> is there unity or republican side nobody breaking away, everybody is supporting the president on his demand for five billion dollars and a wall. you unified on that? >> well i mean as unified as we could get. there were a few that have broken way. but we need, we need security down there about and you know if it is a wall i was secretary state of texas several years ago under government perry i know what's geng on down there and we node a combination of what we're talking about boots on ground

barrier, technology and that's what we have to get going and it's -- not hard to start it. >> we have to report this morning congressman there are now 10,300 people many this latest caravan that's -- they're going to be allowed into mexico and they're coming north they're on their way. >> they're on their way because they perceive they can walk into this country i want every one of the 10,000 to realize american dream but realize it proper way that's why -- we need to secure these borders maybe improve the ports of entry and make them easier access or whatever but we have to address it and idea that some of my colleagues on other side say it is made up or not a real crisis it is hard to believe what world are they living in? it is a serious issue a threat to our country and our sovereignty. >> congressman roger williams republican, texas thanks for joining us, sir appreciate it. we have to check the dow 30 because markets come back literally seconds ago down 10 now down 38 and we have quite a

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if you're just joining us news is very modest loss for the dow industrials in the opening minutes we're down just 55 point but a nice solid gain for the nasdaq which is up a half percentage point. now, buzz feed there are layoffs, 15% of the work force, ashley you're going tell me. >> 250 jobs struggling to be profitable. you know, reaching their own ambitious revenue targets they basically did that last year. but problem with these small sites it was launched in 2006 there's they just too small to fight the really big guys so often they're looking for deals to merge and what have you of course then we have them in spotlight recently we have the story wrong. with the story on president trump and directing cohen to congress and proven inaccurate. that doesn't help. let's put it that way. so listen, they've done this before. they've laid people off. the last round of funding with

500 million in 2016. that time they were valued about 1.7 billion -- you see 15% work layoff got it. and help a little guy take on amazon prime with two day shipping -- company is called deliver and michael you're going to tell me how you make it easier for small seller to compete with amazon on shipping go through your system. >> sure. so deliver the essentially amazon like fulfillment service for online merchants let's say you buy something online, we're one who is handle the warehousing and shipping on behalf of the merchant make sure whatever you bought online you get it on time we work with largest online merchants today and these are merchants that focus selling on aiming dison ebay wal-mart, across the different marketplaces but a good chance a lot of people watching this have bought from a few of our different clients,

and we're enabling merchants you have got these giant square houses or or very large warehouses. all over the country to facilitate this. it seems to me that the warehouse is becoming more important than the store. >> whining we look e-commerce logistic in general it is a fast growing industry today and in terms of our network in way we've built things it is a little bit unique that we don't own warehouses and deliver we're releasing space across a very wide network of inkengtly owned warehouses across country. and -- you know we're basically lerchging excess space in warehouse it is to store inventory very close to buyerses. and you can think of deliver almost like an über network of warehouses. >> i can see that. would you consider taking over some of the space vacate bid sears stores for example? [laughter] i mean you're always looking at where you can find more space i think right now we're looking at

you know some already established e-commerce warehouses and then as you continue to expand and move from, you know, going today to one did i and same day we'll be looking at how can we and look rent out space closer and closer to major urban. that's right you have to get closer and closer to people buying product and getting through your warehouse. how many warehouses do you have at the moment? >> we don't disclose our total number warehouses in the network in terms of the locations we have several in california, southern california. again and central california. >> you are -- yeah. ever thought of going public? >> i can't ties close you know in terms of what our future plans are. [laughter] all i can say is right now we're growing very fast and we are private. what kind of piece do you have of deliver, you? >> so can you repeat that last part? >> sure you don't want this question but i'll ask it anyway. what kind of a piece do you have

of deliver? you personally? >> in terms of that again i can't tieses close and one of the founders at deliver. plf so i've been there from day one with cofounder -- but yeah. ten to 1 about equity. >> going to make a lot of money son that's the way it is. but look, thanks for coming on this show. i think what you're doing is very important. you're facilitating fast delivery. and that's a very big deal in had this society today. michael, thank you for being here. appreciate it, sir. thank you. >> thanks so much stuart. >> all right totally different story i try. chaos in venn venezuela i think civil society collapsed and one big reason for that and that is socialism, the work. there's a lesson here for american young socialist my editorial on that, coming up next. (nationwide jingle) you see brad, songs are really about big life moments. baby shower here.

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stuart: civil society in venezuela has collapsed. let's be clear why it has collapsed. socialism. 20 years ago hugo chavez started his socialist revolution. he confiscated valuable farmland and just gave it to his leftist cronies. that is how socialists operate. expropriate, take, seize. predictable results. socialist farms don't produce much food. venezuela was on the road to mass starvation. chavez's cash cow was venezuela's oil production. it has more oil than anybody else. he nationalized the oil business. his government just took it, again, expropriation. he installed his socialist cronys who promptly ran the oil business into the ground. 1998 venezuela produced 3 1/2 million barrels of oil a day. now it is 1.1 million barrels. socialists do not run oil companies very well.

chavez's success brought in maduro to help the communist cubans to keep him in control. socialism never prospers. there is hyperinflation, very little food, no electricity, three million venezuelaians left the country. we'll keep you up to date with the confrontation between socialist maduro and young, popular interim president and the united states. we're following the events by the hour. here is the message, there is a message for america's young socialists who have real power in congress, and the lesson is, socialism does not work. show me a prosperous socialist society and don't say europe. their cradle to grave welfare is not sustainable. europe is vast go nowhere museum and they are at each other's throats to boot. socialism is immoral. it is wrong to seize property. it is wrong to put political cronyings in charge of your economy. and it is wrong to shoot people in the streets when they

demonstrate against your precious socialist institution. america is a constitutional republic. it is free. it should continue. the second hour of "varney & company" should continue. ♪ stuart: i'll try to calm down but a little later on the show we've got on venezuela we have a florida senator rick scott. he went to the white house this week to speak with the president about venezuela. he is on the show. and i will talk to "wall street journal" columnist mariance establish i can't o'grady. she told us yesterday it was do-or-die for venezuela. now both experts are on the show. we have latest read on mortgage rates. ashley: my favorite time of the week. here we go, freddie mac, 30-year, i'm not being sarcastic i do enjoy it. okay. 30 year fixed mortgage this week came in at 4.45%. what was it last week? 4.45%. no change at all.

the government knows mortgage rates stablized. that is the good news. same level as last spring. mortgage applications have been steady but they do expect home sales to decline as we go into the year so. stuart: 4.45%. ashley: 30-year fixed. pretty good. stuart: i would take that, i really would. no impact on the markets i think we're down 80 points on the dow industrials. but the nasdaq holding on to a pretty decent gain. come on in jeff carbone with cornerstone wealth. jeff, i read your stuff so i know where you're at. you say we will get a deal on china on trade in the first half of the year and no interest rate hikes. i know that's what you're saying so make your case. >> first thing you know what they say about predictions about the future, you just don't know, right? stuart: that's true. >> we'll say, with china i said by first half of the year first of all. i think we'll have a delay after the march 1st deadline but i think there is certainly that

people know that china and the u.s., u.s. is china's greatest and biggest trading partner so with that, if that is the truth and that is known 20% of gdp from china comes from exports. u.s. being their greatest trading partner. that is one reason why i think there will be a deal. second, with the chinese and china economy, market indices last year, down over 30% on average. big reasons for the central, for the central banks to stablize. the chinese economy but even better for the chinese government to settle a deal with the u.s. stuart: okay. so if we get that kind of a deal, some sort of a deal in the first half of the year, and we don't get significant rate increases or none at all, interest rate increases, how high does the market go, the dow industrials? >> you know i would be optimistic to say we hit all time -- we hit the highs again but i don't think we'll get

there. i think we'll come off just shy, but again with the economy this year i think retest of the lows is not impossible but i think for the u.s. economy with the fed in more, in the pausing face, more softening i think the u.s. economy will do well but again there will be volatility. i think the u.s. market will finish up positive ahead of the bond market this year. stuart: so steady as show goes, i think that's your message today. jeff carbone, cornerstone wealth, thanks for joining us. i have to move on because it is such a busy day. all right, for the shutdown here is the president's overnight tweet. quote, as the shutdown was going on nancy pelosi asked me to give the state of the union address. i agreed. she then changed her mind because of the shutdown, suggesting a later date. this is her prerogative. i will do the address when the shutdown is over. katie pavlich, fox news contributor joining us now.

katie did the president blink, did he back down a little? >> you could say that he backed down a little, giving in to nancy pelosi's demands giving the state of the union address before the shutdown is over. you can see it from a different point of view. the nancy pelosi is refusing to respect the office of presidency regardless who occupies it, president trump is respecting her position as speaker of the house. it is up to you when i come speak to the country. i will give the state. union afterward. i think the president could have scored points here in terms of talking to the american people about the shutdown, doing some kind of a speech, whether officially called the state of the union or some other kind of address about what is actually going on and he may still do that but i think you can see it from both ways, yes him not continuing to push back on this, showing up uninvited on capitol hill and not giving some kind of a speech about the current state of affairs, certainly makes it look like speaker pelosi has won in thises is speck.

she is celebrating it that way but at the same time you can see it he is respecting her position and her authority when it comes to inviting the president to capitol hill. stuart: a lot of people are shaking their heads about this. that is a fact. throwing up your hands. the latest fox news poll shows president trump's approval rating 43%. 51% disapprove. 43% favor a border wall. 51% oppose it. i got to put it to you, katie, these numbers, they are not good news for the president, suggest he might be losing the political battle in his fight with the democrats. what do you say? >> well the polling also shows the majority of blame president trump for the shutdown and that is probably due to the fact he said before the shutdown, he would take responsibility for it. he hasn't been able to get himself out of that statement. when it comes to border security, it is a mixed bag on how people feel about what that actually means. there has been some

discrepancies about humanitarian aid, medical care and building a wall to stop these caravans from continuing to go through but on the economy, which is going to be important when it comes to 2020, as all of these candidates on the left start putting their hats in the rings, people say that they're better off than they were two years ago right now but they have a bleak outeconomic out put, out look for the next two years. that signals the democrats take over the house. they want more regulation. they want tax increases. alexandria ocasio-cortez is talking about 90%, 70% tax. people who are small business owners, paying attention to the economy, looked at deregulation past two years, ability for the economy to grow, they're seeing all the stalk in washington about stopping that growth. stuart: the president has to fight the media. in every respect but on the economy, when have you ever seen it reported on the front page of any newspaper or leading the evening news on television, when have you ever seen the economy is doing very well?

unemployment is all-time low. minorities all-time low unemployment rate. deregulation, wages, when do you see that? you don't see that. >> you don't. it is completely ignored in terms of being reported in detail as a victory for the president because that is what people vote on. people vote on how their paycheck is doing, what position their family is in, what they're going to be able to pay for, not just this year, next five, 10 years for their family in terms of college tuition, stability, small business owners and big businesses alike need stability when it comes to what is happening? policies out of washington at the moment seem to be coming to a stop. stuart: media is trying to talk us into socialism and that is a terrible thing. >> absolutely. stuart: out of time. we always thank you so much for being on the show. >> thank you, stuart. stuart: see you soon. we've come back again. now we're down what, 48 points, that's it. look at ford motor company, they lost money in china and europe. they made money in

north america. that is a modest help for the stock up 2.7%. cheap jet fuel, that really helped american airlines. it boosted their profits and the stock is up 5 1/2%, nice gain. intel is a dow component, one of the dow 30, they report their profits "after the bell" today. it is the biggest gainer on the dow right now as it moves up towards the earnings report. i wonder what the report will say? we have a big hour for you. president maduro orders american diplomats out of venezuela. president trump says, they're not leaving. we'll find out what is happening on the ground at this moment. is this endgame venezuela? we'll find out. day 34 of the shutdown. no end in sight. are the republicans in lockstep with the president on wall or is there a wiggle room? i will talk to senator rick scott. the space race is going private, i will talk to a company that is 3d printing

rockets, yes, 3d printing rockets. they got permission to test at cape canaveral. you're watching the second hour of "varney & company." ♪ why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade.

stuart: today the market really did come back. we're only down 25 points at the moment. we were down over 100. yum brands, the parent company of kfc and other restaurant chains. they are removing non-reusable plastic containers by 2025. no impact on the stock but an interesting social development. mcdonald's is giving away bacon between 4:00 and 5:00 p.m. next tuesday. i don't know any significance to the date. customers can get a side of free bacon with any purchase, including ice cream. liz: oh, my god. what a time to be alive.

stuart: what a time to be alive. now to the shutdown, let's get serious. the senate will vote on two rival bills this afternoon. but neither is expected to pass. 34 days in. is the gop still firmly behind the president? good question to ask. senator rick scott, republican from florida. mr. senator, great to have you back on the show again. good to see you, sir. >> stuart, i have been here just two weeks, this place doesn't work. we have to do something different. term limits, people say, oh we want to open government, oh we want to secure the border. they just don't do it. stuart: is there any wiggle room on the president's demand for 5 billion for a wall? is there any wiggle room here on the part of republicans who may want to use a different word, not wall, but border structure? is there wiggle room here? >> i think the american public and i think the president realizes we have to secure our border and we also have to open

up government. president trump made a proposal on saturday. the democrats seemed to the come to the table and start negotiating in good faith. they're not. nancy pelosi has said she will do no funding. that's wrong. so we've got, we will have the votes today. i will support the president's bill. it is not a perfect bill. i want a permanent solution. i want a long-term fix on border security. i want a long term fix on daca. i want a long term fix on it. ps that will not happen today. hopefully it this will start negotiations to get something done. we need to get government open. people need to get paid. chuck schumer stopped the bill to pay the coast guard. that is the only part of our military not being paid. that is wrong. stuart: how do you get negotiations going with speaker pelosi says absolutely no negotiation, i won't sit down with the man? how do you do isn't. >> i don't know. we have to talk to the american public about the importance of this. hopefully other members of congress come to speaker pelosi,

you can't do that you have to work with the president. you have to work with the senate. you have to work with the republicans to get something done here. you can't say, like the state. union, how ridiculous not to have a state of the union address? it is a tradition. it needs to happen. she is being belligerent. stuart: you're a former, very success successful businessman, successful governor of florida, and now a united states senator. you must be frustrated. get something done to do the job you were elect todd do but you can't. >> you wake up as business or governor, you say what am igetting done today? i would like to get the government open and have border security. the leadership on the democrat side won't even have a consideration about it. they won't do past bills like paying our coast guard, you say why is this going on? i will keep working. first off, we ought to have term limits. if you can't pass a budget, you shouldn't get paid up here. that doesn't make any sense to me. in business you don't do your

job, you don't get paid. we shouldn't get paid if we are not doing our job. stuart: well-said, senator. talk to you about venezuela. i know you met with president trump on the venezuela issue earlier this week. there is talk right now, because there is real confrontation on venezuela, perhaps a oil embargo or perhaps a naval blockade. any comment on that, sir? >> when i met with the president, what i asked him is one, recognize juan guaido as interim president. let's move back to a constitutional government. i think he has to put everything on the table. that is what i suggested. not allowing any oil to come out of venezuela. we've bottom to do everything we can to get maduro to step aside. i talked to president duke from colombia. he asked me to do everything i can for the president to declare venz ven as terrorist state. do everything to recognize guaido. at least we've recognized guaido as interim president but we need

to declare it a terrorist state. we need to do everything we can to get maduro out there have. that means we stop all shipments we ought to do it. stuart: president maduro said all you american diplomats get out in 72 hours. president trump says, they're not leaving. i can see a confrontation coming here where our diplomats still in the embassy in caracas, they could be in need of defense. would you send defense to them? >> i would do everything i can to keep them safe. we have got to keep our diplomats safe. but, you know, maduro is not the legitimate president of venezuela. juan guaido is the interim president. we need to work with him but we have to keep your diplomats safe. we need to do everything we can to keep them safe. stuart: mr. senator, great to have you on the show today, thank you very much for being here, a busy day. >> thank you, stuart. stuart: thank you, sir. now this, the newest migrant caravan has grown to what,

10,300 people according to "the wall street journal." mexico will let them pass through mexico and head towards our border. question, is that a defeat for president trump if the mexicans let them in, head north? i will talk with tom homan, former guy with i.c.e. that sit laker on the show. i will check the big board. we've turned around. market seems to want to go up. earnings are good. the dow is up 20 points now, just a little shy of 24,600. ♪ i can't tell you who i am or what i witnessed, but i can tell you liberty mutual customized my car insurance so i only pay for what i need. oh no, no, no, no, no, no, no... only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

stuart: price of oil right now is $52 a barrel. that may change at 11:00 this morning after we get numbers how

much oil we have used in america. how much oil we have got in storage. 11:00, we get the number. >> >> apple, interesting story. they reportedly cut 200 staff members from their self-driving car division. tell me more. liz: is this the canary in the coal mine for the entire self driving robot industry? is this cold water on the idea self-driving cars would take over the streets by 2020? that was the forecast. apple at its peak in 2015, project titan, 1000 workers. now it is down dropped dramatically maybe in the low hundreds. they had a negative sales forecast at apple. are they looking to cut back costs elsewhere? is this basically a forecast, hey, robot cars, they ain't coming anytime soon, right? stuart: i agree with that. i don't see it. >> when you walk around new york city and you see how close you get hit by an suv mirror or how much judgment and eye contact you need for a driver, a human driver, you think robot cars with their

algorithms and software are going to be able to discern, you know, highway signs. ashley: anticipate other movements of drivers. that is the problem. stuart: you can't. you can't anticipate the movement of other human drivers. liz: what is the legal responsibility? is it owner or software maker? you can imagine those disclosures will be a mile long, right? stuart: not hostile to development. i don't see it coming down fast frankly. ashley: exactly. stuart: this may be fast news for facebook, certainly bad publicity. advocacy groups are urging the federal trade commission to break them up. ashley: very unlikely to happen. they are upset. they say in part the ftc should require facebook unwind acquisition of whatsapp and instagram. they say facebook operated too long with too little accountability. we heard that from number of guests we had on this show, stu. the ftc is looking to the cambridge analytica issue where millions of users data was improperly obtained by the company. the ftc unlikely by many seen to

make any move to break up the company but they could impose a big fine. what's a big fine? a billion dollars? stuart: not that big. ashley: that is exactly right. stuart: we'll have more on venezuela for you. president maduro orders american diplomats out. president trump says they're not leaving. i want to know what the end game is here? our venezuelan expert is next. look at this, turn around for the market. the dow industrials are now on the upside. not much but we're up. we'll be back. ♪ i'm ken jacobus and i switched to the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy. and last year, i earned $36,000 in cash back. which i used to offer health insurance to my employees.

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ashley: tomorrow i will miss you. stuart: we play the beatles at 10:30 eastern time every single morning. we try to guess what it will be. liz: you never get it right. stuart: ashley did, however. ashley: ashley did. stuart: lovely song. lovely song. check the big board, now we're up 4points, 48 points, 49 points as we speak. we'll take it. 24,600 on the dow. we're up a little bit. big tech names. i'm afraid only amazon, facebook are up. apple, alphabet down, only slightly. no big moves in big tech today. >> >> how about netflix? the rival hulu dropping price per month of basic service from 7.99 to 5.99. netflix doesn't care. they got better content. up they go. 3.31 on netflix. profit falling on las vegas

sands. maybe to do with macao. lower copper prices that is hurting freeport-mcmoran, which is down 6%. big drop there. let's get to venezuela. there is a confrontation there and i want an update on it. joining us our own, very own venezuela expert, mary anastasia o'grady, "wall street journal" columnist. >> hi, stuart. stuart: you said yesterday was confrontation time. do-or-die for the opposition. what happened? where are we? >> well they survived. the head of the national assembly, i should say the democratic elected president of the national assembly who under the constitution is fully legitimate to take the position of interim president at this time while he organizes new elections. he was sworn in. he swore himself in. there were millions of people in the streets of venezuela yesterday supporting him. and right now he is in hiding. no one knows where he is. but the number of government in

the international community that come out in his support is really impressive. stuart: so he has got some support internationally but he has some opposition. the russians don't like him. >> the russians, the cubans, all the usual suspects. stuart: china? >> china. nicaragua, turkey, iran. these, these governments are all saying that they support the dictatorship of nicholas maduro. stuart: so the interim president, juan guaido, he is holed up somewhere, we don't know where he is. >> right. stuart: maduro is still in the palace. >> right. stuart: maduro says american diplomats out. >> right. stuart: in mr. trump says, no, they stay. >> right. stuart: at what point does that confrontation become almost physical as opposed thed to diplomatic? >> i suppose they could run in, they could be physically in danger. stuart: in which case we're going in to defend them, aren't we? >> i hope not, actually. i would rather see them leave than the u.s. to go in there. this is fight that venezuela has

to carry out. what is really going to matter here, whether the opposition can peel off the military. you're seeing some signs of that. i saw some videotape yesterday of national guard who are very loyal to maduro, actually walking, turning around and walking away from a crowd of people that they were trying to confront in the street. and you're hearing about this on the ground. you're also hearing in very poor neighborhoods which traditionally were 100% in favor of this regime, there you are seeing these very poor guys, young guys, confronting the national guard and there has been some violence. pockets of violence. again i have heard audiotape that has been sent to me of them fighting with national guard. so the question is will the military turn on, basically what 30 million venezuelans who want this guy gone? or will they side with the people and stand up to cuba and russia, so forth. stuart: at the moment you cannot answer that question but you can

say there is some peeling away of the military? >> i think so, yeah. apthe other thing, there will remain a risk even that happens, russia, cuba will want to cement a kind of guerrilla warfare. don't forget all this drug money has been running from colombia through venezuela. so there is lots of organized crime there. and they're obviously guns for hire. if those people, if russia hires those people be, gets them on their side, you might have sustained, low-grade kind of terrorism because russian, cuba, want this destable ages to -- destable ages to go on in hemisphere. stuart: what about the oil embargo of venezuela or naval blockade by america? >> during the obama administration, i kept saying if he would allow the keystone pipeline to be built we would get all the oil for the gulf

refineries from western canada. we don't need venezuelan oil. it would hurt them a lot more than hurt us to cut off buying their oil. i'm not so sure i want an embargo. i don't think it matters. oil is sold on a global pool. if they don't sell to us they will sell to someone else but it will be much more expensive to sell the oil to china than just across the water to the gulf coast. so i think that if we stopped buying their oil without hurting ourselves that would be a god step in the right direction. stuart: mary, i got to tell i think this is crunch time. >> yeah. stuart: i think it is endgame and we would like hourly updates from you. >> don't forget the russians and cubans do not want to give up this turf. neil: -- stuart: i bet they don't. mary o'grady, thank you very much. we're up 27 points for the dow. nice gain for the nasdaq. gary kaltbaum is with us. are you still bullish, gary?

>> i'll tell you something that happened today gets me feeling real darn good and that is the semiconductors. i have been following the semiconductors and i've been studying them for years. they have been a leadership group in the market. when they're kicking butt to the upside market usually will be in good stead. they led the markets to the downside. today being up five to 6% what is really not great earnings tells me the big money crowd thinks that the bottom of the cycle is in and that is pretty darn good news as we head forward. i still think we'll be choppy in here but the fact that the semiconductors are getting some juice on top of the financials recently got my fingers crossed this will continue. stuart: why is semiconductors, the texas instruments of this world, on the screen now, why are they some kind of a bellwether for the overall market? why? >> first off, they have actually just led the markets up and down for the last few decades. that is number one. but basically they're in everything. everything we drive, technology,

you name it, and they have just again, they lead the market up or down. when i saw the action today, frankly i can't believe how strong they are. i knew they would gap up today, the fact they're being bought up with fervor tells me juices are flowing again. any pullback looks pretty darn viable, probably bodes well for the market as we move into the end of the first quarter, into the second quarter. stuart: so you don't pay much attention, don't really care that much about political confrontation in washington or the china trade talks? you're dismissing that and looking at semiconductors? that's it? >> well everything is supposed to matter but price first, everything else second. and i mentioned semis, but i also mentioned the financials but i also watch everything else. the weight of the evidence since the low continues to pick up. but again we're in the midst of earnings season. i think there will be some big winners and big losers. just for all the viewers today, this is vitally important to the

market. i think it pretty much looks like it is going to stick. stuart: all right, gary kaltbaum. there in front of it. very good stuff there, gary. well-done. you earned your money today, lad, you really did. >> stuart, one other thing. stuart: yes? >> thank you, thank you, thank you for taking on the socialism thing. it is the greatest con game in the universe brought by a bunch of con artists, keep up the good work on that. stuart: i'm a refugee from socialism. thank you, gary. now this, newark airport is the latest to hold air traffic because of a drone. seems like it is unavoidable. anybody can create havoc here. next hour we'll talk to a drone expert. he says we don't have the technology to fight the drones off yet. good story. far left democrats pushing medicare for all. a new poll shows people become less enthusiastic about it when you tell them how much it costs. wouldn't you know it? back in a moment. ♪

♪ ashley: china watcher michael pillsbury says the best way to predict how trade talks with china will go is look at past history. take a listen. >> go back to the five big negotiations american presidents have had with china in the past, you see a similar patterns.

that there can be atmospherics but basically the chinese wait until the last minute to make the best deal they can. they try to involve two presidents face-to-face. that is the pattern for the five big negotiations involving obama, reagan, clinton, nixon. i see some patterns in these that are optimistic for how things will work out but i don't expect a lot to happen next week. ♪

stuart: well it is a modest gain for the dow industrials but it is a gain, 24,593 is where we are. solid gain though for the nasdaq. and now this, a modern day space race is taking shape and our next guest says the future lies in 3d printing this requires some explanation. tim ellis is with us. he is the ceo of relativity space. all right, tim, your company uses 3d printers to make rockets, have i got that right? that is astonishing. explain. >> yes, that's right. relativity was founded to create the first autonomous platform to build the future of humanity in space. so we are actually 3d printing not just parts of a rocket but meanly the entire thing. we have built the largest metal

3d printer in the world ourselves. we're making entire rocket, fuselage, structure, engines, everything, 3d printed. stuart: what intrigues us this is private enterprise. in the past we always thought rockets were built by nasa, built by the government essentially but now you're a private enterprise company and you're building your own rockets. when will we see one of these 3d printed rockets actually launch? >> yes, that's right. so we're actually funded via private venture capital. so relativity has raised over $45 million to date. but with that capital we actually partnered with the governments quite significantly. so we actually have a 20-year exclusive use agreement with nasa stennis space center where we test all of our rocket engines, all of the structures 3d printed, we wan approval from

the u.s. air force to cape canaveral for launch site. we're only the fourth company to have that, next to spacex, blew origin and space alliance. we're looking to launch in 2020. stuart: what will you put into space? satellites? >> yes. our customers, it is a really 50/50 mix. we have government, satellites, supporting national security applications. so things like making sure our troops overseas have reliable communication data, surveillance data. also there's a lot of commercial private applications for space and satellites. things like telecommunications and earth imaging like google maps, and a lot of people don't really think about these things on a day-to-day basis. stuart: right. >> but the space economy is over $330 billion per year. stuart: okay. >> a lot of that is in commercial applications. stuart: real fast, i don't want to appear ignorant but do you

have a giant 3d printer to print a rocket or done in little bits? >> yeah, no, it is pretty big. so it is largest metal 3d printer in the world we developed. it can make things about 10 feet in diameter and 20 feet tall. so we will make the rocket in about five sections but what is amazing about this technology is that you're able to have multiple 3d printers in parallel building each of those 20-foot tall sections. so the whole rocket will be built from raw material to flight ready less than 60 days, which is crazy fast. normally take as rocket 18 months. stuart: it's a whole new world. relactivity space. tim ellis, thanks for joining us. that was really interesting. come and see us again. >> yeah. stuart: you can come back. you're all right. thank you very much. [laughter]. i think it is time which get back to your money. look at this, 10 points higher

for the dow industrials. that is a tiny fraction but we're up. with all the going on in washington how about that? ashley: resilient. stuart: kayleigh mcenany will be here to talk politics. ♪ . was it necessary to create a luxury car more teched out than silicon valley? with a cockpit fit for aspaceship. hang on. radar that senses things the human eye can't. busted. and the ability to make a thousand decisions before you even make one. was all this, really necessary? what do you think? ♪

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stuart: we turned south again, not by far. we're down 18 points as we speak. 24,555. now look at these fox news polls. we showed them to you earlier, we'll show them again. 43% approve the president's job. 54% disapprove. he is underwater there. 43% favor a border wall. 51% oppose it. come on in, kayleigh mcenany, rnc spokesperson. kayleigh, that does not look good for the president and it suggests that he is losing the politics of the battle with nancy pelosi. >> look, polling is all over the map. to give you one example. you showed me the border wall poll. harvard "harris poll" showed 49 approved the wall. a few months ago, it was 51%. so much depends how it was asked. stuart: this is fox news. >> it's a good poll.

it's a scientific poll. i think we're at a tipping point after after saturday offered this compromise, a poll showed 56% saw it good-faith effort to open negotiations. people are seeing president is reasonable. lindsey graham is spot on as nancy pelosi acts unreasonable and rad cale we get closer to a deal. stuart: did the president blink, did he back off a little when he postponed the state of the union message? >> this he didn't blink. this is the separation of powers. stuart: he could have made the state of the union message from the oval office, from the senate floor, could have done it from the steps of capitol hill. >> one thing for the president he always has something up his sleeve. last week, when we first heard about the state of the union potentially being canceled, 24 hours later he canceled nancy pelosi's travel he. he always has something up his sleeve. i think he does on this too. stuart: do you think americans

generally like what is going on between the president and nancy pelosi? i heard a lot of comments of throwing up your hands, not this, this is silly? i heard this. >> i don't think they like nancy pelosi's political games but i do think in the end, when this government shut down inds, when we get back to normalcy, people will remember one person was interested in solving the border crisis that is the president. the fox poll showed people thought it was major problem our border situation. it showed the shutdown being a major problem. the shutdown will end. the border problem will not until we get a barrier. stuart: it is your job to support the republican party and support the republican president. it's a tough job at the moment, isn't it? >> it is easy when you're standing on principle. it is tough we're in a government shutdown. no one wants to see federal workers not being paid but when you're on principle you're on solid ground. stuart: kayleigh, you're all right. thanks for being with us. >> thank you, stuart. stuart: different subject, but very interesting. this could be bad news for the far left democrats who are pushing for free health care.

variety of polls show that when you ask people or you tell people how much medicare for all actually costs, support for it plunges. tell me more. stay there, kayleigh. i want you in on this one. liz: comes from the non-partisan kaiser family foundation. they found 56% favor medicare for all when you call it that. stuart: you just say medicare for all, they like it? 56% like it. liz: 2/3 like it. watch the poll numbers starting to collapse and plunge, well, when you say it will wipe out all health insurance and your taxes will go up. only 37% support. then when you say it will threaten existing medicare, it plunges down to 32%. then when you say, it could delay your medical treatments, it drops even further down to 26% don't like it. 70% oppose it. we know other polls have shown, when you call it what it is single-payer, when they're told it wipes out all existing health insurance for the government controls it, nobody likes it.

and we have four democrat contenders supporting medicare for all. it is just how do you reveal it and say it and tell it to the american people, giving them the rounded picture and context. stuart: if only the media would tell it to the american people. you have ammunition right there, kayleigh. >> exactly. it is about communication here. when you couple on top of socialized medicine, free college, government machine dated wage, universal basic income which would cost trillions, we're getting into a dollar figure we'll have to tax american people at 150% to get all money to fund socialist programs. stuart: you want alexandria ocasio-cortez to lead the democrat party? you want it? >> of course. because socialism will lose on national stage. when we make articulate argument against socialism we haven't had to do since the 80 ace it will win. stuart: it will win in california, it will win in new york state. liz: medicare for all failed in california, because it would

busts the budget and colorado and vermont. stuart: there is hope for california? >> thank goodness for electoral college and california and new york not deciding for rest of the nation. stuart: they will try to figure out a way around that one. >> they will. stuart: kayleigh, thank you very much indeed. now this, day 34 of the shutdown, dreamers, they're still in limbo. coast guard people are going to food banks. tsa workers calling out sick, all because in my opinion, speaker pelosi is offended by the president. her far left faction won't let her budge, won't let her give an inch. my take on that is next. ..

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stuart: speaker pelosi will have nothing to do with president trump. she won't negotiate with him over the government shutdown or the border while or frankly

anything. but now she has told him he cannot deliver the state of the union to congress. that's not happened before. tradition, precedence, abandoned. this is the face of the later driven by contempt for president. speaker pelosi has turned down deals that would've helped the dreamers. she's turned down deals that would've reopen the government appeared it is total resistance to all things trump. why such an extreme position? two reasons. first, president trump has indeed goaded the speaker appeared some other the streets have been personal. he told her to clean up the treats of dashed streets of san francisco because they are disgusting. speaker pelosi is returning animosity. she really doesn't like him. and what to beat him at all costs. second, perhaps more importantly, the speaker cannot retreat because the powerful left-wing of her party won't let her appeared if she gives an

inch, the left revolts. it's worth pointing out that alexandria ocasio-cortez just voted against funding for immigration enforcement at all. her and her comrades surely wouldn't stand for a time spent on a wall. meanwhile, the pleas of moderate democrats go unanswered. steny hoyer says okay to $5 billion for border security. new jersey democrat told fox this morning let's negotiate. the speaker stays mute. the dreamers are in limbo. they don't get to deal the president offered. the government stay shut down. coast guard people go to food ranks. tsa workers pull a stick out and so do some iris workers all because speaker pelosi is offended by the president team under socialist party members enforce her intransigence. i designed the president the traditional venue for the state of union, speaker pelosi has

damaged our politics and our republic. the third hour of "varney & company" is about to begin. reaction now to my editorial from tom rhodin. commentary writer for the "washtington examiner." tom, i'm putting the blame squarely and policies corner. are you with me? >> pretty much. my only head should be that obviously the president has made a specific demand that democrats have said they wouldn't deal with than some might say, well, you should calibrate. the broad point here and certainly why i've become more sympathetic to the president as this has run on instead ta shone through repeated forms with a willingness to engage in specific demand in 2016 in large part on this narrative of a

wall, but symbolically as a policy. the issue with democrats agree with the wall per se, but they disagree with the president in any sense. stuart: so it's personal. there is a personal element here. you agree with that? >> of course. it's self-evident that there is this idea that nancy pelosi, i think, would be more amenable to cutting a deal that she knows the democratic base is against the president. so partisan in their dealings with him. this pulling away at the state of the union is obviously the best example of that. i think nancy pelosi knew that if she had allowed it to come in she would have damaged her base there. what we see with the democrats now is a speaker of the house who is known as the most powerful speaker of the house, who is now one of the most impotent speakers of the house, and because she is caught

between the hatred of trump and the government requires compromise. stuart: fascinating. thank you for being on the show today. we appreciate that. englishman talking that nancy pelosi. not bad. i'm going to give you the latest on the migrant caravan. the new one. "the wall street journal" says more than 10,000 people have formed the caravan. they're not trying to get into mexico on their way to our southern border in mexico, by the way is creating humanitarian visas so they will be led into mexico and then head north to us. joining us now is former acting i.c.e. director, tom holman. if the mexicans are saying okay come you can come in. would you be the visas to go in and then you can go to our southern border, that's a defeat for president trump, isn't it? >> i don't think it's a defeat for president trump.

facilitating illegal entry into the united states. highest levels of the trump administration companies or talks to the highest levels of the mexican administration and hold them accountable. there's certain things the president can do to hold them accountable. what they're doing is facilitating criminal activity. it's just wrong. stuart: at a surprising. a brand-new president of mexico and he took office a few weeks ago. why does he want this fight around him? why would he do that? >> i don't think he felt the wrath of president trump yet, but he soon made. we do an awful lot with mexico. in $201,550,000,000,000 in remittances went to mexico. these are wages earned by illegal aliens that they sent to mexico. there's a lot of things we can do to punish mexico. i shouldn't use the term punish mexico. they are a sovereign country, too. they shouldn't allow people in our country because a lot of these people are bad.

they are criminals. not all of them. there were some that are not suspected terrorists. mexico needs to do what's right for their country, but they should not be facilitating harming the united day. we are two good partners and we deserve better. tree until i know you saw this, but let me tell our audience as well. congresswoman alexandria ocasio-cortez was still holding out democrat to vote against a bill that would reopen the government and she voted against it because the bill included funding for enforcement. this part of the democrat party will have anything to do with immigration enforcement. what you make of that? >> first of all, look. she won't know because she's against i.c.e. she had to be sending a thank you letter. thousands of criminals off the street of new york. they released their sanctuary jail spirits a thank you would be nice. your prior guest about nancy

pelosi appeared with nancy pelosi and chuck schumer are doing is disgusting and it's cowardice. when you meet with illegal aliens and advocate, and but why that won't help protect them, when you fail to leave the angel mom's been there at their offices, from their own congressional districts to talk about why their children died and not on a manufactured crisis. when you're on them by the president of the united states to speak to american people, and that's american taxpayers building. it's disgusting and it's cowardice. stuart: i can tell how you feel. tom holman, cheney met for joining us. i've got a story here about tesla. it is running out of time to pay back money that it borrowed in the bond markets. tony moore, please. liz: yes, high noon. march 1st is when the convertible bond at $920 million comes through. the bondholders could say we

want that money in cash. they could say that if the stock price is below $359.88. that is a conversion price. it's off by $72. now will pay a split 50/50 cash and stock or they can say that but the question is they want the cash amount would wipe out a big chunk, double-digit of the balance sheet and will look at another convertible bond coming through next year. the stock is under pressure right now for a variety of reasons. this is a big one hit in the balance sheet. stuart: 288 on tesla right now. clearly, america is in a confrontation with venezuela. maduro has ordered diplomats out of the country. president trump says they are not leaving. we are backing the opposition president. there is talk of an oil embargo and a naval blockade. is it finally for the socialist

dictatorship. national security adviser john bolton on this program next. quick look at the markets. two factors affect stocks. corporate profits in china trade. we'll also ask mr. bolton is a deal is in the works for china. day 34 the government shutdown, speaker pelosi said let's have a discussion on border security after the government is reopened. stay with us. the third hour of "varney" rolling on.

stuart: let's get straight to it that the crisis is venezuela. chaotic over nicholas madura's refusal to step down as president. meanwhile, ordering american diplomat out of the country. president trump says they are

not leaving her this is a confrontation. joining us now, national security adviser to president trump. there is talk of a naval blockade or oil embargo. clearly they are ratcheting up the confrontation. your comments, sir. >> president trump made a significant historical decision yesterday to recognize one guaido as the interim president of venezuela is consistent with venezuela and constitution and it's also to get rid of the authoritarian government inviting into venezuela countries. what we are trying to do today is look at the issues involved in disconnect in the illegitimate son to regime from its revenues from finding ways to transfer revenues to the new legitimate government of the national assembly president. we are looking at all the options for sure, but right now we are looking at making sure the revenue stream goes to the

lid jiddah may constitutional authorities in venezuela. for american business, american financial community investors, and it is worth taking a look care in making sure they understand we've declared maduro illegitimate. he has no authority in our view we are strongly supporting the new legitimate government. >> of plans been made for some kind of defense of our dip amounts in caracas? have plans been made for a naval blockade? >> well, i'll just say this. we put a very high priority on the safety of official americans in venezuela and private citizens as well. we've told maduro very clearly yesterday that if they do anything to endanger americans we will hold him directly responsible. i don't think it's possible to any clearer with time than we were. we are very serious about that.

stuart: internationally, russia, china and cuba have all backed maduro. he's getting some international support and they do have money in the acute anti-people in venezuela. some powerful support for the man. >> i think it reflects the situation now. many old collett kyu busway love because of the influence of cuban regime house. democratically elected governments all over this hemisphere have the european union issued a statement that was very, very supportive. we lead the way. resident trumps decision led the way at work when you follow through on it. this is not a political signal. we are very serious that legitimate constitutional authority in venezuela has been transferred to the new government. stuart: said this is endgame. maduro is done as far as america's concern. >> i think the rest of the people of venezuela. we've made it clear we hold all the legitimate institutions of

the government particularly rallied to their new commander-in-chief for the national assembly has been cleared the lane to offer and is the two military officers here there's a lot of momentum behind guaido and we want to be sure everybody at the political level and the business level. anyone with interest in the western hemisphere, this is a potential majors at forward to a lot of progress in our part of the world. stuart: we just received this headline from turkey's president erdogan. he said there shocking and he doesn't approve what's going on there. your response, sir. >> i think what the president said was not only appropriate. who appropriate. who is courageous and a real demonstration of how america leads in the world and people should get used to it. in this hemisphere that democratic countries are rallying behind the united states. in congress, president trump said significant bipartisan

support in a difficult time in politics in america. this is something almost all americans will stand at president trump on. stuart: right at the top of the hour i came out and said in my opinion, the problem in venezuela socialism. it begins and ends with socialism. that is a problem. are you with me on this, sir? >> i talked a couple months ago about cuba, nicaragua, venezuela. they are all socialists, are basket cases. people being oppressed by these governments. hopefully we see a change soon. stuart: would you have any quick comments on the china trade talks, sir? >> very different high-level chinese delegation will be coming to washington next month. president trump wants to see a lot of change in the wake china conducts its international trade. we'll see if they meet the president's expectations. he's an optimistic man who'd like to make a deal but i think the pressures on china at this point.

stuart: sir, we appreciate you being with us. john bolton. thank you very much indeed. you heard what he had to say. >> what's going on in venezuela is all of the military to tater chips that applied south america for a decade and it's going to be very hard to shake this dictatorship. maduro has given the military power of control over all commodities. we're talking oil, gold, silver, all the commodities. this is a military leadership that will have the duration and ferocity of what we've are reducing plague south america in brazil, bolivia, argentina, chile, paraguay. this could be years in the making to get rid of them. stuart: john bolton said most common he's gone. stuart: at that is a very strong statement. transfer that doesn't mean the u.s. can push them out. this guy, guaido either goes in exile he gets in prison, already

the supreme court of venezuela is in exile. ashley: i think what he stress even though the u.s. has taken his movies said it rests with the people of venezuela and then he made the comment in the military to take the side of one guaido. liz: and they're not. >> yes to military to rally to the other side. i asked john bolton, have you made lance for naval blockade? have you made plans to defend our diplomats in caracas? he wouldn't say yes we have. ashley: he said he sent a very strong signal that if there's any thing like that they will be held accountable. stuart: exactly. a strong statement. liz: this is a shot across the bow. socialism is an economy run at the tip of a gun. that's what it eventually becomes. what's going on in venezuela is horrible. we seen a reality check on what can be done about it. stuart: we are going to change subjects entirely.

believing this is a change of subject. the owner of heartland brewery. the restaurant chain. the rise in the minimum wage in new york city has forced him to cut employee hours. he no longer uses a host or hostess during certain hours here the owners name is john blues team. he's going to be with you shortly. i'm going to ask him about beer. people aren't thinking much of it these days and he went to brewery. first, the most expensive home in america just sold for stories. that is how tall this thing is. it overlooks central park. guess we'll tell you how much it went for and will be able to tell you who bought it. next. ♪ - my family and i did a fundraiser walk in honor of my dad,

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stuart: this just in. president trump reading about the shutdown. nancy just said she just doesn't understand why. very simply without a wall at all doesn't work. a chance to greatly reduce crime, gangs and drugs. should've been done for decades. we will not cave. that the latest in the not exactly tit-for-tat, but she

said, he set off we go competing. the most expensive home in america just sold for $238 million. ken griffin bought this place, they'd be building 24,000 square feet central park. the most expensive real estate set the record for the most expensive condos under in chicago and miami. got it. royal caribbean unveiling the world's longest waterslide v. it's called the blaster 800 feet long. it will propel a two-person raft over hills and drops and include over the side of the ship. part of $115 million makeover for that ship. navigator of the seas. set sail next month. the chinese company is working on the world's first double folding smartphone.

three screens just like a tablet. they want the public to rename it. expected to be released later this year. a 34 of the shutdown, tsa and federal workers are working without pay. one report says there are concerns about bad guys bribing tsa agents. we will explain in a second. we got this from capitol hill. senator joe manchin says he will vote yes on both senate bills to reopen the government. okay, those bills need 60 votes to proceed. good story. whereon it. ♪

stuart: it is still a modest loss on walls repaired 45 points for the dow industrials at political level. 24,500. the dow 30, about one third or rep, two thirds are down. now this. minimum wage $15 an hour in new york city and employers are cutting staff as a result.

look who's here. john bluestein, haven't seen for a long time but is back to ceo of heartland are worried here in new york city. heartland brewery is in fact a restaurant chain, isn't it? >> yes it is. it is. we are six locations right now. stuart: you tell me what effect $15 an hour minimum wage has had. are you hiring less? viewers have, tommy. >> let me get to that because it's a more complex thing than just bad and i want the public to understand it. it affects the entire economy. it affects labor absolutely in all small business and we fall under that umbrella. it affects business and it affects the public. so how does this affect the economy? well, you know, in albany they decided because other municipalities raise their minimum wage to $15, will do it, too. but we're going to accelerated in new york city. to three years in data five to seven years in the rest of the

state. on top of fact, what happened to the free market economy where the price of labor is determined by supply and demand. went out the window. stuart: just the other day we had faint on the show. you know the man. a whole series of applebee's. he told me that his employment level is 1000 people fewer now than it was a year ago. that's because a $15 per hour minimum wage in new york city. using the same kind of staffing reductions. are the people working fewer hours? what are you doing? >> we are trying not to let people go. we are cutting hours. effectively are cutting hours coming in, staggering people coming in. we are doing without a host for lunch a few days in certain restaurants. we let them go earlier. we let a highly compensated individual goes to the we to the way what not to do so much sacrifice on the ground.

the bottom line is $15 is no longer -- they're going to make the same amount of money anyway. with this $15 everyone else is raising their prices on goods and services so to be worth the same amount when they were getting $11. stuart: such a negative? >> of course is a negative. we cut that ended at absolutely imperative and it's unfortunate we have to raise menu prices. stuart: i have to ask you a quick question about the declining consumption of alcohol. we hear that it is down about 1% overall across the board. but there is a sharp climb in the consumption of beer. can you confirm that? >> we are not seeing any reduction in the production of alcoholic beverages. what we are seeing is a little bit less beer drinking and more cocktail drinking among the younger consumers. in one of my beer hall sits 50% cocktails or spirits and 50% beer.

at one time it was 40% beer. stuart: okay, got it. thank you for joining us. we appreciate it. come back soon. >> leisure. stuart: weatherman, thanks. get back to the very serious crisis developing in venezuela. protests continue over nicholas maduro's refusal to set down -- step down. here is what john bolton had to say to me just moments ago on this program. roll tape. >> financial community, investors, it is worth taking a look here and making sure they understand we've declared maduro illegitimate. he has no authority and we are strongly supporting the new legitimate government. stuart: i want to bring in general jack keane on this. fox news senior strategic analyst. general, mr. bolton made the point that if anything happens to our interest in venezuela,

the government of venezuela, the people will be held accountable. pretty strong stuff. would you say? >> we have people in our embassy down there and we have the capability to reinforce it if it's a security issue. stuart:.. stuart: that's it i was getting at, general. if our diplomats who maduro says get out and president trump sensei, if they're under attack, are we prepared to go in and defend our guys at the marines. >> yeah, certainly appeared absolutely. we're prepared to do that anyplace in the world. we have people it's classified with the alert system is, but we have people standing by 24/7 to respond to any crisis in the world that affects the american people. stuart: when you make of this talk and it is just talk of an oil embargo in a naval blockade. would we do that? >> i don't think were going to do that. two things have to happen here. one you've discussed with lives earlier. the military is self.

if guaido comes down really hard and is willing to truly give them msg, we may feel to turn them away. right now maduro is financing them. they are corrupt as many russians have corrupt military. that's one thing to turn them towards the new president. the second thing is we can take a page out of ronald reagan spoke. in 1986, he along with his national security team engineered the removal from marcos in the philippines. hundreds of thousands of people like we are seeing here in a sent illegitimate government no longer supported by the people but the military was supporting them. they created an exit for him out of the country. took him to hawaii assure them they would be no recriminations in the sense that we would return him to the philippines for trial. if we could set up a deal like

that for maduro come either in the region organizes the sufferer, get him out of there, put them in exile. the assure him he's not going to be tried. we may be able to avoid further bloodshed. stuart: that would be the best way out. it would necessarily hold maduro accountable but it's a way out. >> it's a way to stop the suffering we see here the humanitarian crisis is taking place and let's face it, maduro's military and police are shooting real bullets at those people mistreat. they killed a dozen yesterday they will continue to do that. stuart: so are the cubans. general, your expertise is valuable. thanks for being here. now there is. day 34 of the shutdown and with the tsa and other federal workers working without pay, listen to this, bribery is becoming a concern. that's according to the rand corporation. a global analytics firm. foreign adversaries could take

advantage of tsa worker financial problems and pay them in exchange for lax security to get things like illegal drugs through the check points. by the way, on tuesday, unscheduled absences of tsa officers reached 7.4% of the workforce, more than double the rate a year ago. rim says bribery is a concern. that's interesting. wal-mart going to hire hundreds of truckers this year. these new hires with nearly $90,000 a year with the possibility for additional raises and bonuses. wal-mart stock at the moment not reacting to that piece of the news down just a fraction. apple reported laying off 200 workers in the gulf driven car division. despite the layoffs, apple says it will seize opportunity and not on the scars. apple stock is down $1.40 to 152. in california, los angeles considering taxing drivers for the miles they drive. we'll have details on that in a moment for you.

you also do with maxine waters, nature of the house financial services committee going after the banks, wall street and of course the president. so says our next guest. we will cover that story fully and that's a promise. ♪ then went beyond. beyond clumsy dials-in's and pins. to one-touch conference calls. beyond traditional tv. to tv on any device. beyond low-res surveillance video. to crystal clear hd video monitoring from anywhere. gig-fueled apps that exceed expectations. comcast business. beyond fast.

transfer going to complete the test side of autonomous lame. take off vertically covered for a few seconds and then it landed at the test site in virginia. boeing says one day this plane could use as a flying taxi in urban areas. amazon will use robots to deliver packages in the suburbs of seattle. the size of the cooler they were alongside rocks. designed to navigate around people and pets. who is driving the price of its basic subscription plan to $5.99 a month. this starts at the end of february and comes just a week as the net looks to raise prices on its plan. a lot of action there. there will be more shuttle, more "varney" next.

stuart: los angeles as the most congested city in the world according to global traffic study. lawmakers voted an idea that could tax drivers based on how many miles they drive. it is called congestion pricing. thus the formal name for it. it could also charge drivers safety to enter certain neighborhoods. back to politics. our next guest is calling out congresswoman maxine waters of california singing the stream --

an extreme agenda is targeting president trump. betsy mccoy joined us, lieutenant governor of new york and author of beating obamacare. liz: she's gunning for a lot of people. stuart: shoes which are the financial services committee. >> that's right pitches at 20% of gdp in her sights. she's standing for fancy suburbs, of course her top target is trump. the tanks are very much in her crosshairs because she is blaming the banks for the financial meltdown in 2008 and she's saying -- stuart: she wants revenge. >> she wants revenge and she's been very blatant about it. the fact issues got the story wrong. it wasn't the banks that caused the meltdown. it was maxine waters, bernie franken members of congress in the reinvestment act. stuart: maxine waters can make a great deal of noise. she can subpoena people. >> they are sweating under her

committee like. >> she will give bad pr. she cannot pass the law. she cannot really fundamentally affect negatively america's financial system. she can give it a bad name. she has no power to change it. we met she also has some ideas. for example, she's targeting corporate america and corporate america has not put enough racial minorities and women on its force. that may be true. the shoes formed a new subcommittee with the goal of legally requiring that all public companies report annually on the gender and racial composition of their board. and then, she's also god than cars and in her target. she authorities said that she's going to take them apart bodily part by bodily part. she mentioned the body parts. i'm going to pass on that one. she wants to force them to

create affordable housing. in other words, her idea is poor people can afford to live in a suburb despite the absence of any racial or ethnic discrimination, that suburb has what she calls an affirmative duty to build low-income housing, create low income jobs so people can live in any suburb they want even if they can afford it. stuart: dishy have the power to impose those rules on reporting annually on minority and gender within the bank russian mark >> that's right. she has the power to do some of those. she can also through oversight for his hat in another direction. ben carson has said i'm not going the way of obama and forcing the suburbs to make these changes. she's laying the groundwork to do that in the future. don't forget there is an election in two years. stuart: hold on a second, that day. a new gallup polls says more americans living without health insurance. 14% according to this particular

study. >> media say the trump administration sabotaged obamacare. the real truth is that people who have dropped out of insurance are the middle-class. people who could work in eligible subsidies, one out of every five people and obamacare who wasn't getting a subsidy has dropped out. many are going without it entirely. the democratic party needs to be reminded that poor lives matter, but middle-class lives matter, too. they've got to go along with something to make sure it's affordable for middle-class people. stuart: and you're all fired up. i've got to break in with the new developments on venezuela. this is a story, work in progress. things are happening fast. interfax said in the kremlin. in his supporting operation reports that vladimir has called nicholas maduro.

the outgoing president to express his support, calling his regime the legal authorities of venezuela. clinton supports maduro. trump supports guaido. the kremlin is in there making a call to maduro, the man on the left. we better change the subject completely again. individual stocks. first of all, ford motor company. guess they lost money in china. didn't make much money in europe if anything at all. however, they made money in north america and that's good enough for a 3% gain but it's still languishing at $8 a share. higher fares helped to boost american airlines profit. so too did much cheaper jet fuel. the stock is up 5%. very nice again. let me get back to the drone sightings at newark airport in new jersey this week. 43 flights were put on hold. nine flights diverted. they just have to circle around.

nine were diverted. officials still don't know who flew that drone. next we'll talk to a man who wrote a book about drones. hands-on experience. is there anything we can do to top these kind of incidents? we'll get his answer after this. ♪ i am a family man.

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stuart: authorities still trying to figure out who flew a job towards newark airport on tuesday. remember this followed to drum incidents at airports in britain. brett tellico which, author and strategic advisor at white sox defense. welcome back to the show. look, it seems to me that anybody with a drone can fly near an airport and cause a major incident with maximum destruction. the terrorists, anybody. can it be stopped? >> yeah, in certain cases it can and you're absolutely right.

anybody can do this to us. the incident at newark airport shows how vulnerable we are in that these airline officials quite frankly need to wake up. the fact that any kid with a $100 drowned, intentional or not is able to cause a major disruption to airline operations is just absurd and it's going to continue to keep happening. stuart: wait a second. what can the airlines do about it? >> the airlines need to implement counter or drone technology. this technology exists today. i talk about this in the sometimes believe it 100 years after its futuristic or this exist today. technology is to detect and mitigate and identify these threats. right now we have technology that can be put around airport from the sensors that give aviation authority the ability to determine where it is located, the type of drone that is there. they also have the ability to identify that.

automated software can identify if the drone is a threat. not every drone flight around airport is a threat. it's just an individual whose careless or reckless. that doesn't matter. we need these airports are being shut down. i worry frankly about the economic loss. stuart: it's all very well to identify them. but she's got to shoot it down. does the technology -- >> does the technology are talking about a capacity to take a drone down. >> it can also take control of the actual operators ability to control that can knock it out of the sky. that exist today. the problem is there some is some regulation issues that need to be worked out. this is a bigger issue than aviation security. most critical infrastructure we deal with in the u.s. does not

have a counter drone technology play in built-in. when you talk about the southern border there is an issue. right now they're a drug tracking -- drug trafficking organization that are putting contraband on, flying them over the border. the fact of the matter is nobody's doing anything about it. stuart: look, i'm terribly sorry. i've got 30 seconds left. tell me how much it would cost for this technology to protect one airport. how much? >> well, it's probably in the tens of thousands of dollars but that's minimal. the drone that shut down the airport in the u.k. for nearly three days cost them $65 million. that could be spent -- stuart: who makes the technology? >> there's a number of different companies out there. white sox defense has fantastic solutions being implemented across the board. there's over 200 different on

record right now. if i can conclude, industry is very interested in getting the faa to do what is called remote identification and we will see that very soon where manufacturers are required to put the individual's information in the drone so we can determine who exactly is doing it. stuart: i'm sorry it's so rushed, but that kind of show. brad belicovich, come and see us again. i promise more "varney" after this.

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stuart: developments from venezuela coming thick and fast. on this program a few minutes ago, national security advisor john bolton told us if anything happens to our guys in venezuela, venezuelan guys would be held accountable. that is john bolton's word. shortly after that interview we heard from equifax, that was the name of it, web service, web

news operation. they told us that putin, russia's leader called maduro with a message of support. interfax. they said, putin has called maduro. that is it. thick and fast. neil, it is yours. neil: man, oh, man, busy three hours. thank you, stuart. we're following those developments as well and raising the question, if we don't take our personnel out of there, expressing confidence with the new interim government what if something happens to them? how bad could it get? this is on the brinks of a civil war here. companies are lining up those that support the existing president, china and russia and stuart was saying, ourselves and canadians and potentially most of the countries within the western hemisphere, save mexico are going along with us. mexico's new liberal president is not signing off on condemnation of