album, the second, "queen 2." second album, streaming "queen 2." maria: that works. great to see you all today. thanks so much. great show. to all of you, go seize the day. have a good one. "varney & company" begins right now. take it away. stuart: good morning, maria. good morning, everyone. the tariffs have been delayed. instead of a jump to 25% come friday, march 1st, tariffs will stay at 10% and the president is working towards a summit with china's leader next month in florida. all over the world, investors love it. china's market is up a whopping 5% and please look at this. the dow will open with another triple digit gain. it's been straight up for stocks this year. this keeps up this week, we'll set a new high, beat 26,828 and we have a new record. the nasdaq also on a tear. some tech stocks, especially chip makers, do well with any china deal. appalling violence on

venezuela's border. four dead as socialist dictator maduro's thugs open fire on civilians trying to get american food into the starving country. what are we going to do about this? vice president pence is there. he will be on with trish regan on the fox business network tonight. it looks like the socialists of venezuela and cuba are going down to defeat. it's monday. we are starting a big week for money and politics. the president leaves for vietnam later today. tomorrow, fed chair powell testifies on interest rates and speaker pelosi calls a vote on the border emergency. wednesday, pure politics as michael cohen testifies. thursday, the summit begins. i think by friday we will be at a new high for the market. we shall see. watch this space. "varney & company" is about to begin.

stuart: no idea what all the fuss is about. president trump tweeting on china. i'm pleased to report that the u.s. has made substantial progress in our trade talks with china on important structural issues, including intellectual property protection, technology transfer, agriculture services, currency and many other issues. as a result of these very productive talks, i will be delaying the u.s. increase in tariffs now scheduled for march 1st. assuming both sides make additional progress, we will be planning a summit for president xi and myself at mar-a-lago to conclude an agreement. a very good weekend for u.s. and china. breaking news on that very subject, president trump just saying signing ceremony for a trade agreement with china will be coming soon. market watcher dennis gartman is with us. futures up nearly 200 points. it went up last night.

i think the markets just want any kind of deal. am i right? >> yes, absolutely. the market wanted to see that we were going to suspend the imposition of further tariffs. tariffs are such a silly idea. they just make no economic sense whatsoever. they have been a bad idea from the beginning, from the onset. the fact that we have delayed putting 25% tariffs into effect is beneficial. it's a bull market. the stock market has gone from the lower left to the upper right and will continue until it stops. stuart: they did -- the tariffs were a success. the tariffs gave us leverage, dennis. >> no, i just disagree. i think the tariffs made us look silly. it's a terribly bad idea, the fact that we didn't impose them or at least delayed the imposition of the 25% tariffs i think is a worthy decision. also, i think people are forgetting the fact that china two weeks ago cut its reserve requirements which as i have always said is a two by four to

be applied to the head of the recalcitrant mule. it gets its attention and it had taken two weeks for that reserve requirement implication to have evolved properly. but give that, give the deferral of the tariffs and we still have a strong global economy that's going on. let's applaud what's happening. stuart: hold on for a second. i want to bring in the former trump campaign adviser on the issue of trade. i don't think you are happy with what's going on here. i don't think you believe that the president can make this theft of intellectual property, the forced transfer of technology, you don't think he can make it stick, do you? >> i believe he can, actually. stuart: really? >> yes. stuart: i'm coming at it the wrong way round. >> look, we don't have a deal yet. we are close, we are getting closer, and as the president said, there will be no deal unless it deals with structural issues, intellectual property theft, cyberespionage --

stuart: he said that in a statement. >> that's right. these things are not hard to verify, right? we know if they're hacking our companies. now everything's out in the open. nobody is under the illusion that china are good guys. the companies will speak out if they are being hacked, if they are being ripped off, and this is a huge change, sea change from what we saw just a few years ago, where everybody was still in make-believe land that oh, china's just like us, and they really want to be friendly and build an american pox americana around the world. stuart: it's not you who changed opinion. you think the tide of public opinion and approval of the president has turned a corner. so you approve of his hard line? >> yes. and everybody else except maybe mr. gartman. look, you see the fortune 50 companies, the multinational corporations saying now we have to have a real deal because china has been ripping us off, forcing us to hand over our

crown jewels, doing everything, yet tariffs have gotten them to the table. no president has done as much on china as this president has done. no president since ronald reagan has been as correct and tough on trade as president trump. stuart: we went at the top of the hour and said the market likes this. the nasdaq likes this. some technology stocks, chip makers in particular, are doing well because of this deal. >> yes. stuart: can you tell us which american companies, which groups of companies, will do best here? >> well, i think all american companies will do best, because everyone will lose if china keeps getting away with their theft. right now, apologies to everybody, you will see a little sugar high on the market over yeah, the tariffs aren't going up, but if china were to continue ripping us off, it would only be a matter of time before every american company is forced into extinction the same way small manufacturers have been bankrupted. stuart: the initial response is

chip makers are up. microsoft is -- okay. >> because china is -- stuart: agricultural related stocks are up. there are some clear winners. >> absolutely. absolutely. stuart: i'm sorry, i misjudged your opinion. >> i have confidence in president trump to hang tough on this. he has confidence in bob lighthizer, the best u.s. trade representative we have ever had. stuart: are you on a roll. thank you very much. appreciate it. i have a big deal, news thereof. here it is. barrack gold offers to buy rival new mining in an all-stock deal. these are the world's two largest gold mining companies. there's an offer from one to buy out the other. the price of gold, the bullion price as we speak, still holding right around $1300 an ounce. i believe that's where we are. $1333 as we speak. i will show you a chart of the dow industrials this calendar year, 2019.

not a bad-looking chart. up about 11%. after a lousy december. complete bounce-back. liz: best since 1987 in terms of weekly gains. stuart: it was industrial stocks, that's the dow industrials that did it. dennis, come back in. let's forget the trade dispute for a second. take a victory lap because you are an investor in the industrials. why did this group do so well this calendar year? >> why should it not? they got hurt extraordinarily badly in the end of last year. it didn't matter which stock you looked at, they all plummeted from september to december 26th. they have all rallied back. whether you bought industrials, whether you bought copper, whether you bought gold, whether you bought steel, whether you bought high tech, they have all done extraordinarily well. the environment is such that all stocks are doing well. some people will get lucky and do better by owning high tech. others will do better by owning the things as you heard me say that if i dropped them on my foot, will hurt. i will just continue to want to

be a buyer, if i'm going to, of the things i understand and industrials are the things i understand. high tech, big pharma, beyond my capabilities of understanding. i'm just a poor kid from southern virginia. stuart: yeah, yeah, yeah. okay. let me throw this one at you. tax refunds, down 17% this year. that's the average size, down 17%. i think that's going to drag on the economy. i don't care for the explanation of why this is so. point is consumers are going to get less money between now and april 15th. i think that's a drag on the economy. >> i couldn't agree more. i think that is one of the problems. we also have the problem of higher oil prices but nobody's paying much attention to the fact that tax returns, tax rebates are down as dramatically as they are. they always go into buying new washing machines, new televisions, new telephones, and people who use them as their savings account are finding out that wait a minute, my savings account has been depleted compared to the previous years. so in the coming months that

will be detrimental to the economy, no question about that. stuart: real fast, i have 20 seconds. do we have a new high for the dow this week? 26,828 is the old high. do we beat it this week? >> probably. we may do it today. it's just that kind of environment. if we don't do it today, we will do it tomorrow. what's important is global stocks are still down 8% or 9% from their high which was made last january 29th, if i'm not mistaken. so we have done very well. the rest of the world has not done quite as well. that's to be remembered. stuart: got it. dennis, thanks for joining us on monday morning. always appreciate it. >> thanks for having me o. stuart: look at futures. we will open up in 20 minutes and i mean up, up about 188 points. we will be close to 26,200. the nasdaq looks like a very solid gain there. almost 1% higher. but microsoft, there's a company that's facing backlash from its employees. they have a plan to develop software for the military. dozens of microsoft people have signed a letter saying we did not sign up to develop weapons.

more on that coming up. the stock off to the races again, up $1.12 at $112 a share. the pentagon sending another 1,000 active duty troops to the southern border. and nancy pelosi scheduling a vote in the house tomorrow to overturn president trump's emergency. i want to know, will that pass? we will ask a congressman later this hour. the latest in venezuela, appalling. at least four people dead, hundreds injured after maduro forces blocked aid from coming into the country. secretary of state pompeo says all options are on the table. how much longer can we stand by and watch people killed while escorting american food into the country? our top venezuela watcher coming up on that, next. or when you trade? i want free access to research. yep, td ameritrade's got that. free access to every platform. yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely.

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stuart: still looking at close to a 200 point gain for the dow and a 1% move up for the nasdaq. it's a rally this morning. now look at general electric. it's going to sell its biopharma business to daneher for $21 billion. ge stock, 14% higher this monday morning. to venezuela. four killed, nearly 300 injured, two food trucks burned by maduro thugs in clashes at the border. vice president pence heading down there to meet with opposition leader guaido today. listen to secretary of state mike pompeo. roll tape.

>> but no military force? >> we said every option's on the table. we're going to do the things that need to be done to make sure that the venezuelan people's voice, that democracy reigns and there's a brighter future for people of venezuela. stuart: all options on the table. this lady is mary anastasia o'grady. expert on venezuela. what are we going to do when we see people shot in the street for protecting american food? >> i want to back up for a minute. let's confirm this weekend was very bad for the dictatorship because all of the human rights violations you saw, very visible on camera, have been going on for many years. this wasn't a deepening of the crisis. this was a revelation to the world. one of the good things that the good guys have on their side is we have been building an international coalition, that's number one. number two, it's not like we haven't been doing anything. the main thing that we can do

with maduro is cut off his resources. the u.s. some weeks ago basically stopped buying oil or started diverting the payments for oil to the guaido government. you are asking a military question, and i would say that the trump administration is right to say that all options are on the table, but i think it's very dangerous to think that you are going to march in there, defeat the venezuelan military, and problem solved. because what the maduro regime and chaveztas have done over all these years is arm a paramilitary. they have lots of hezbollah, iranians, drug traffickers from colombia, these are the guys we would end up fighting if we ended up in some kind of involvement there and it would be an asymmetric war. we have to be careful about that and aware of that. stuart: i understand you don't necessarily want a military intervention by the united states. i understand how that could not necessarily work in america or

venezuela's favor but how do we get him out? is it wait him out, is that what it is? because people are getting shot here. >> well, again, people have been being shot for years in venezuela. all we have now is that this has been elevated to the world stage. stuart: how do we get him out? the rest of the world is coming on to our side saying come on, guaido's the guy, how do we get maduro out? >> i like to think about apartheid in south africa. that was done without firing a shot. what happened there was morally, the world said this cannot continue. compare that to cuba, for example, which by the way is running the show on venezuela. what has gone on in the last 60 years in cuba? there has been people applauding this tyrant, castro. so the fact that the world is kind of coming together with one voice, okay, i'm not including russia, china and iran, but the civilized world is coming together with one voice to say that we oppose this, then you

start using financial pressure, cut off the water, cut off the food supply, cut off the electricity to this guy inside and of course, the other thing is that we have to keep behind the scenes working, trying to convince the military, because one bit of evidence we have, i know you have to go, but one bit of evidence we have from this weekend is that the cuban intelligence once again got wind of where the military was going to break and basically stopped them from doing that. that's what they have been doing for all these years. stuart: i just want to know, is end game a matter of weeks? >> i don't think we can say that. stuart: could be months. >> it could take awhile. but i don't think -- i think it's foolish to think we are going to march in there and overthrow him. stuart: you are our expert and i respect your opinion. i just wish that the end game was a matter of hours as opposed to months. >> we have to keep coalition building. the international pressure is the most important aspect. stuart: thanks very much.

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stuart: solid gain at the opening bell today. future prospects for china trade deal looking very good. the dow is up about 200 or close to. ocasio-cortez tweeting this about pay for her staffers. leadership starts with our choices. that's why i decided that no one on my staff will make less than $52,000 a year. it's likely one of the highest entry level salaries on the hill. we pinch pennies elsewhere but it's worth every dime to pay a living wage. okay, ash. the minimum is 52 grand, what's the maximum? ashley: it's capped out at 80,000 so chief of staffs will be underpaid in this scenario but look, she put out a tweet saying a lot of people are commenting on this, don't understand how congressional salaries work. she says each member is given a set amount and they can disburse

so she can do this if she wants but make no bones about it, $174,000 a year untouched and -- liz: her salary. ashley: untouched. that's what she gets. all of this of course provided by you, me, liz and all the taxpayers. stuart: she has every right to distribute the money as is her choice. if she were running a business, you can't do that. ashley: no. stuart: you have to meet payroll. you have to meet the rent. you have to meet everything else. liz: less government, right? so she is paying interns $15 minimum wage. stuart: $52,000 a year. not a bad job. ashley: not bad. stuart: all right. we have to move. there are all kinds of things happening today. first up, the market up nearly 200 points. that will be in five minutes' time. a lot more happening, too which we will tell you about, i promise, after this.

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stuart: momentarily, we have tape coming in from president trump expressing his opinion on a variety of issues. we will play you that tape as soon as we get it. should be about 90 seconds from now. meanwhile, we are waiting for the market to open this monday morning. it will be tumultuous. we can tell from futures that the dow industrials are going to go up pretty close to 200 points right there at the opening bell. the nasdaq will be up 60, maybe

70. about 1%. what's going on? there's some positive developments on china trade. the president has been tweeting about it. he's looking forward to a meeting with xi jinping. the tariffs supposed to go up on friday will not be going up. there's a pause at the 10% level. all positive. now look at this. the dow industrials have opened. we are up 97. here we go. now we have received the tape from the president. we will run that tape and try to keep the big board on the side. here we go. >> we have a good time but we also are going to accomplish a lot. it's going to be a very good meeting. tremendous things are happening for our country. i'm now right after this meeting, i leave for vietnam, where i meet with chairman kim and we talk about something that frankly, he never spoke to anybody about but we're speaking, we're speaking loud and i think we can have a very good -- a very good summit. i think we'll have a very tremendous summit. we want denuclearization and i

think he'll have a country that will set a lot of records for speed in terms of an economy and i told you last night it was a lovely dinner, but i told you how well we did with our trade talks in china, and it looks like -- stuart: okay. we are going to get back to the president momentarily. i have just got to cover the opening of the market because as i said, it has been tumultuous. right now, we are up 153 points for the dow jones industrial average. let's get coverage of this. who's with me? keith fitz joins us. we also have jeff siegel with us along with elizabeth macdonald and ashley webster. keith, it looks to me like we are clearing the decks for the possibility of another leg up. what say you? leg up for the market. go. >> absolutely. we are getting resistance out of the way, all the shorts are getting taken to the cleaners and the market is setting the pace. i think we could see all-time

new highs by friday. liz: and an extraordinary drop in volatility, longest on record. it's a really calm market. stuart: we should get to the basis here. the president has said, what did he say about the upcoming meeting? deal signing ceremony coming soon. deal signing ceremony coming soon. that's about as positive as you can get on the china trade story. let me go to you, jeff. i know you have been a skeptic on this. but this does seem to clear the decks. the fed and china trade clearing the decks for another run certainly towards a new record high. >> i'm glad they got rid of the march deadline because that was unrealistic from the beginning. but i think the problem is going to be enforcement. the chinese have been stealing intellectual property for 30 years. stuart: yeah, but that's down the road. we will see what kind of a deal it is at the signing ceremony, then we can make a judgment after that as to whether they stop stealing property and all the rest of it. liz: sanction them. >> i agree but i think it's the

right thing to do because it needs to stop. but i think it's going to be a lot uglier than people expect. stuart: okay. look at the big board. we have the big techs there for a second, all of them on the upside. actually, it's very hard to find a group of stocks which is down today. big tech up. we are up 164, 5 points now for the dow industrials. the nasdaq composite i believe is up pretty close to a 1% gain. the -- look at that, up 60 points. that's a 1% gain. we are up all across the board. quickly, let me check the price of oil for you. right now, we've got oil at, where are we now, i think we are down, actually, there you go. $56 per barrel. the price of gas moving up to $2.39 a gallon. that's the national average for you. and we've got tweets from president trump about oil. here we go. it's a tweetstorm, ladies and gentlemen. he says oil prices getting too

high, opec, please relax and take it easy. world cannot take a price hike, fragile. what do you make of that? >> i think the use of twitter to get oil prices down, it works, absolutely. now we have retail sales which were problematic and we have somewhat of a slowdown in some of the economic numbers that are crucial for the gdp to move up. i think it's very important that oil prices stay down. the lower oil prices go, the more of a tax cut low oil prices resemble. stuart: everything looking pretty favorable now. the president talking about a deal signing ceremony, the price of oil is back at $56 per barrel. we do have fed chair powell testifying tomorrow. keith, let me ask you, could he upset the apple cart in any way? >> oh, absolutely he could. all it is is one sentence that goes the wrong direction, is too hawkish. i think the markets get

clobbered. i hope he treads very, very carefully. he's learned from his experience. stuart: you're not predicting he says something that will set the markets down. you are simply saying he could, is that correct? >> for the first time in a long time, i think he's finally beginning to understand the link between what he says and what the market does. i am cautiously optimistic that he's actually going to toe the line and talk intelligently rather than pursue this damn the torpedos approach thee has at hn the past. stuart: i like that expression. talking about microsoft for a moment, some workers demanding that it drop a $480 million u.s. army contract. this is not the first time that big tech workers have said no to a military contract. liz: actually, at microsoft, too, with i.c.e. there was a contract working with microsoft with immigration and customs so 100 workers signing this letter saying we are a global coalition -- ashley: 135,000. liz: this is a broader story. there's a social justice union

worker movement happening in silicon valley to protest things like this. stuart: i doubt very much -- liz: no impact. stuart: -- they have the power to say we're not taking that contract. ashley: or any other. stuart: what do you say, keith? >> it's naive and misguided. what exactly do they think the military does with work, excel and power point? they design weapons. that's what they do. if they don't like it, they don't have to work at microsoft. >> this particular device will protect soldiers, make them more accurate in their targets and be able to react quicker. this is a very patriotic thing for microsoft to do. and the right thing to do. like you said, it's a small minority of employees. stuart: very small. whose side are they on, i would like to know. checking the big board, up 160 points as we speak. look, that puts the dow at 26,200. that means we are 600 points away from the all-time record high. roughly, roughly 2%. how about this.

b barrick gold in an all-stock deal to buy new mining. both down slightly. roche buying u.s.-based gene therapy specialist spark therapeutics. they are down nine cents. here's the stock mover. general electric. they will sell their biopharma business to daneher for $21 billion and ge is up 15%, $11 a share. all the day traders having fun with this one. kraft heinz, boy, they had a rough week. they closed at a record low friday. no bounce back this morning. they are up just 14 cents. still at $35 a share. then we have the film "roma" released on netflix, won the oscar for best director. does that make netflix a competitor? >> yes, it does.

netflix oscar wins tied with universal, disney and fox. they each had four oscar victories apiece. netflix is certainly a hot contender right now. >> this brilliant film "roma" was made for $15 million which some of the bigger productions in hollywood, they spend that much on catering. this was a tremendous victory for netflix. this is going to be big. stuart: that's up $7. i will go back now to president trump and his remarks on china. roll tape, please. okay. hold on. we are going to go back to president trump. we are just trying to isolate what he said in his breakfast with the governors meeting. i will isolate what he said about china and play it for you when i have made that isolation. i believe it's positive because the market is showing a gain of 165 points. that puts it at -- go ahead, producer. he said, i repeat, the president

said we are going to have a signing ceremony. it's very clear, that's a fairly clear positive, if you ask me. the market's responding with a nice gain there. as i was saying, we are at 26,200. the all-time closing high is 26,800. we are about 600 points away from that record high because of china trade. now, roll tape. >> -- with our trade talks in china and it looks like they will be coming back quickly again and we are going to have another summit. we will have a signing summit which is even better. hopefully we can get that completed but we are getting very, very close. ambassador lighthizer, steve mnuchin, lot of folks in the room have been helping and that's been great. i just see our great secretary -- stuart: the president was saying ambassador lighthizer and treasury secretary mnuchin all involved on board with this.

that's important. mr. lighthizer is the hard line secretary of the treasury, mr. mnuchin is a softer line approach. if they are together and the president is going to hold a signing ceremony with xi jinping, that's about as positive as you are going to get at this moment on china trade. the result is we are up nearly 180 points now, 26,200. jeff, looks to me like china trade is a winner this week. i don't care about down the road, but this week it's a winner. >> there's no doubt it's a winner. i think people are optimistic because now he has time to put something in effect but i think the champagne should be kept on ice until the enforcement is rolled out. because this is a big initiative and keep in mind, china wants to be the global world power. they are not going to bow down that quickly. just saying. stuart: keith, we have got stocks already pretty close to record highs across the board. would you still tell people to

go out there and buy now, because you think there's another leg coming on the upside? >> without question. but you got to buy carefully. i don't think you buy the has-beens or nice-to-haves. you buy the must-haves, the companies like boeing, netflix, amazon, google, all of which in full disclosure, i have recommended and i own personally. stuart: we have to go back to president trump. he's talking about usmca. that's the change from the old nafta deal. roll that tape, please. >> to be honest with you, by using tariffs. i was putting very substantial tariffs or was getting ready to on canada, who is very tough to negotiate. we think of oh, canada. oh, canada's tough. they're tough. and i said look, you know, you are either going to do this or we are going to put 20%, 25% tariffs on your cars you ship in here by the millions. every time we had a problem we just said that's okay, don't

worry about it, we will put the tariffs on. they said okay, fine. we'll sign. it was a tough, really tough negotiation, and same thing with mexico. but in the end we got it done and it's a great deal for us and it's a very good deal, i think, for canada and for mexico. they have to get it approved also. we have to get it approved. let's see what happens. i think it probably will be. from our standpoint, i know how much they hate me, but they have to hate me even more not to get in deal approved, okay? that's the only thing i can say. to be a prosperous nation, we must also be a safe nation. we passed ground-breaking criminal justice reform and i have to thank so many people for that, but this was where super conservatives got together with super liberals, believe it or not. i'm looking at names on both sides and right down the middle, criminal justice reform, where people are put into a jail for a pretty minor act, there's nothing minor, but a pretty

minor act that put them in jail for 45 years and 50 years and there's no chance of ever coming out, and it was -- and it's very tough, by the way. lot of conservatives signed it and signed it very willingly. in fact, they pushed it. they were pushing it i think as hard as the other side. but it's very, very important. many states here today are following the same road map to help former inmates become productive and law-abiding citizens. one of the things that's helping the inmates so much, you know this probably better than i do, the economy is so strong that inmates for the first time are getting jobs when they come out. i have a friend who has hired seven or eight, i can't say everyone was perfect but he said five are, i'll always have them. they're great. they got a chance. nobody will hire them because they have whatever that is in the background and it's a very tough situation for them in the past, but the economy is so strong. the economy, the strength of the economy became our best friend. they couldn't get workers and now they are hiring people that

they normally wouldn't have and the results are incredible. companies all over the country are saying wow, they are really doing a great job and it makes me very happy. i think without that very powerful economy, it couldn't happen. so finally, to protect our communities, we must secure the border against human trafficking, drug smuggling and crime of all types. the human trafficking is a tremendous problem, where mostly women and they are tied up and taped up and put in the back of cars and the car does not come through the port of entry. you watch this, everything comes through -- 90% of the drugs don't come through the port of entry. 90% of the drugs and the big stuff goes out to the desert, makes a left and goes where you don't have any wall. i'm going to call it a wall. they would like me to call it a barrier. it's a wall. it's a big beautiful powerful steel wall that you can see through which is very important to be able to see through. and fu donif you don't have it,e

not going to have borders, you're not going to have a country pretty soon because we're spending a fortune. we're doing an incredible job. the border patrol has been amazing. the military has been amazing. i called in the military and they have been amazing. but if we had a wall, it would save a fortune not only on drugs that are being smuggled into the country and you are talking about billions and billions and billions of dollars worth of drugs, but we are saving it just on not having to pay military, not having to pay so much into border patrol. the border patrol can go to other locations and other places. i will say this. border patrol and i.c.e. and i'm proud of i.c.e. because they go into areas where a lot of people don't want to go, including law enforcement. these are tough, tough people they're dealing with. you need tough people. the i.c.e. people are tough but they are incredible, i mean, they are just incredible in so many ways. they are patriotic people. they love our country. they want it to work. they will go into situations that you want no part of. when you look at these ms-13

gangs, sheriffs all over the country have told me we are very happy to have i.c.e. come in and take over, because this is a group of people that hard to even understand how they could have developed this way. they are mean, they are sadistic, their crimes are incredible. we are taking them out by the thousands and we are bringing them back to where they came from, and in some cases, we are putting them in jail, but you know, then we pay for them for the next 40 years. we are bringing them back where they came from and i told guatemala and i told honduras and i told el salvador, three places where they send us tremendous numbers of people, and they are rough people. they're not sending us their finest. it doesn't make sense. why would they send their finest? they are sending us some very as i would sometimes say rough hombres. these are rough, rough, tough people. many criminal people. i told these three countries you know, we send them $500 million

a year. i said we're not sending it anymore and you organize caravans and these caravans that are coming up, we had one, and we have broken them up. i don't know if you have been seeing, we have broken them up. we got them broken up in many cases now before they get here. but you take a look at tijuana, mexico, thousands and thousands of people are sitting there trying to get into our country and if we didn't have a wall there that we have totally renovated and fixed, if we didn't have that wall, it would be impossible even for the military to stop them because don't forget, unlike other countries, this is a good thing, i don't want to create controversy, because i hate controver controversy, but unlike other countries, we don't let people get shot. we don't have people standing there with the most sophisticated machine guns in the world and use them. many countries do. many countries do. we can't do that. we can't do that.

this country can't do that. but the barrier does it very simply. just doesn't let them in. you take a look at a place like tijuana and other places, it's incredible what that wall has done. that's not even the upper, the most -- the best of our walls. we have a great system now. we have a prototype. we have -- i expect to have 250 to 300 miles of wall built in the very near future. secretary nielsen is here right now and we have, we will shortly have about 200 miles under construction. we just started a 47-mile patch. we have different patches. we bid it out tough. we have a much better prototype. it's a much better wall. it's a beautiful looking -- actually, you know, i have always said part of the wall was the previous administrations, when they did little walls, they built them so badly, so badly, so unattractive. i wouldn't want them in my backyard. the new one is incredible looking. it's a piece of art in a sense.

and it's by the way more effective. more effective. so we are doing a job, we are getting it up. we have beautiful prototypes. we are working with the army corps of engineers who are total pros and i don't know if you saw what i put on twitter, but i put on twitter a piece of it. that's not the new prototype. the new prototype is started in different locations but we will be pretty soon having well over a couple hundred miles of wall up. we don't have to go 2,000, we never planned going 2,000. it's 2,000 from the gulf to the pacific. it's 2,000 miles. but you have many natural boundaries including really tough waters which you don't need the wall. we have very, very rugged mountain areas which you don't need the wall. actually, if we do a really good job and if we have some money left over, we might even throw them in areas where you would say you don't need them because they will figure a way. that could be the area. that will become the weak spot. it's like water. it just seeks its own. but these people, they have the

traffickers, they are vicious, they are smart. the coyotes, how about the name coyote? they have people tied up, put in the back of trucks and vans. they can't go through checkpoints. they have to go through open areas. can't walk through -- can't go through because even if they don't do much of an inspection of your truck or your car, they do open the back door or they do look through a window. you can't have women sitting there that are tied up. so when i hear the other side say we have some of the other side here, but when i hear the other side say oh, no, everything goes through the checkpoint, that's absolutely false. you have areas where you literally have roads that are carved in the sand that it's used so much. though they go right through these roads, hang laa left, hang anotr left and go right into the united states. there's nobody there to welcome them. you are talking 2,000 miles. you are talking a lot of area. we are doing really well on the wall. the emergency, you have been reading, we do have an emergency. we have an emergency of people pouring into our country that we

don't want. criminals, smugglers, we have drugs pouring into our country. we can't have it. we can't have it. we cannot allow this to happen to our country. most drugs, most of the major drugs are coming through the southern border. this will make -- you are never going to stop it completely but we can stop it a lot. one of the things that ambassador lighthizer and steve and all of the people that are working with china, the fentanyl is a tremendous problem. it seems to be made 100% in china. stuart: we are just going to separate ourselves from the president just for a moment and go back to the market. the president has been talking about trade, china deal, a new nafta, usmca. the reaction on the market has been entirely positive. we have the dow industrials up 182 points. 26,200. i will close out the market coverage with this. first of all, to you, keith, do we hit a brand new record high on the dow, 26,800, this week? do we? >> i believe we are very very close. it's absolutely possible. stuart: jeff, you have been a

little negative on the market. this week, everything looks positive. new high? >> this week, we are going to move up. i don't think we are going to reach a new high. i think it will get right off of it. stuart: get right off it. you guys want to comment? ashley: reaction frankly is pretty muted because with news like this, we are going to a signing ceremony, only up 193. you would expect it to shoot higher. this is because wall street has always felt this was going to happen in the long run and it's kind of baked in. stuart: signing ceremony, you have a deal, you have to sign it. liz: i think we hit it. i do. i think we hit a record high. if not this week, next. stuart: okay. excellent coverage of the opening of the market. very exciting day. now let's get to the border. the pentagon is sending 1,000 more active duty troops going to the border this week. there are about 5,000 active duty people on the border already. speaker pelosi schedules a house vote tomorrow to overturn president trump's emergency declaration. joining us now is andy biggs,

republican from arizona, a border state. welcome back. how is that vote going to go? it's in the house dominated and you know, democrat majority. how will the vote go? >> it's going to pass. that condemnation is going to pass. it will be largely party line. i think you will see a few republicans defect over and a few democrats have to defect the other way because they are in red states or red districts they just happened to win. stuart: now, the president just reiterated in his remarks there, reiterated 90% of the drugs don't go through those border crossing points, they go along the desert and take a left and come into america. he said he's going to build a big powerful wall, that's the word he liked to use. is he going to get that wall eventually? >> yes, i think he will. i think that definitely he's got $3 billion that's coming, that's not emergency funds, that's from elsewhere.

then he's got another $3 billion that's tied up in the emergency. so i think he's got money to get a substantial portion of that wall under way. i think he could get definitely 200, 250 miles before the next election. yeah. stuart: why would any republican vote and say yes, we want to get rid of the emergency declaration? why? >> their theory is one of two things. it's separation of powers. they think we have delegated power we shouldn't have delegated, number one, or number two, they think that doesn't really technically qualify under the emergency act of 1976. stuart: do you have troops on the border, arizona, mexico? >> we do. yeah, we do. stuart: what do they do? >> they largely provide logistical support and you know, some of the concertina wire, they are the ones who put that up. they added fence enhancements as well. stuart: do you think eventually, when i say eventually, that's the wrong word to use. do you believe that in the

relatively near term, i don't know how to define that, we will actually get a border that's no longer porous? >> yeah, i think so. and i'm with you, it's not going to be -- may not be overnight, may not be the next two years but within the next several years, as we continue to build fencing, it's going to stop a lot of what's happening at the border because it's going to funnel people to certain places. where we have border patrol agents that are ready to take them and that's good. i think we will have to beef up our customs so we are getting people and the stuff going back south, so yeah, there's a lot to do on that border. but it's going to take awhile. stuart: congressman andy biggs from arizona, thank you for joining us. really appreciate it. >> thanks, stuart. stuart: better check the big board because this is a market day. a market rally day and a big one, too. we have reached 26,200. that's a gain of two-thirds of 1%. we also have a whopping great big gain for the nasdaq

composite. that's up about 60 points. that is close to 1%. this is a rally all across the board and there's one simple reason for it. liz: the china trade. stuart: thank you. liz: memorandum of understanding. you only need 2% move up to hit the high. stuart: got to go. it's 9:56. we have got to go. i will talk about bernie sanders shortly on camera, talking about the good old days of the soviet union. don't miss this. we'll be back. nah. not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh?

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stuart: 10:00 in new york. 7:00 in california, and president trump just spoke moments ago about china trade. he says, we're boeing to get a signing ceremony soon. that's important a signing ceremony. a summit with xi xinping and a deal to be signed that is about as positive as it gets. he also talked about the wall. he says we'll get another, an extra 200-miles of wall built very soon. this as the president sends 1000 more active duty troops to the border. we're on it all for you. joining us phil orlando, chief equity market strategist with federated investors. phil, my contention is, the dow is up 150, the market doesn't care what kind of a deal it is but there is some kind of deal, am i right? >> if you look at 20 collapse in

the stock market we saw that was predicated economy was going into recession, the china trade deal woo blow up and fed would overtighten the economy and innate the yield curve. the fed is sort of on pause and looks like china will come through. these are two issues the market felt would not work in the market's favor the last fourth quarter. stuart: i hate to ask you to predict the market this week, could we get a new high, 26,800 by friday? >> we like to look at a longer-term perspective. stuart: i don't blame you. >> our forecast was ridiculously aggressive as you pointed out, from the christmas eve low, we were forecasting 32% increase in stocks by end of this year, to 3100 on s&p. we're sticking to that number. stuart: we'll come back to that in a second. the president talking about a border wall, it would save a fortune, we'll have another 200 miles of border wall built and soon. loose is a booth with us, fox news contributor.

a pretty aggressive stand on the wall. sounds like he will do it. >> i think he will do it. what is interesting the democrats in the house want to bring a resolution of disapproval regarding the wall, that will force a vote on the senate, put some republicans in the senate a difficult position, to either decide to nix the wall in that vote or stand with president trump. things might get a little dicey in the senate. stuart: true, he is not backing off, not at all. this man is not backing off. >> he can't. this is one of his signature campaign promises. i think politically i wonder if the argument is stronger without a national declaration. if you stand on the issue alone of law and order, that is one of the key issues president trump also ran on, i think the debate around immigration, particularly with the conferees was illuminating. what you saw democrats literally wanting to reduce the amount of i.c.e. detention beds, allowing criminal illegal aliens to run the streets.

they did not support a border wall. so you had democrats basically show their cards as people that support illegal activity on the southern border. you had bob menendez, senator bob menendez come out to say it is not criminal to cross the border undocumented. he said this on cnn democrats basically show and embrace illegality, illegal immigrants. that is a stronger debate for president trump, sort of showing the interests dick, the very much differences between the to parties. now the debate kind of gets muddled because the debate will be around the national security declaration. if he has authority to do it or not, whereas the debate simply on one party supports illegality the other party supports law and order. stuart: stay there, lisa. have more for you. >> sure. stuart: i want to check the market. we have a rip-roaring rally, up 200 points from the opening bell. we're up 150. a couple of individual stocks moving. barrick gold offers to the buy the rival newmont mining, all

stock deal. roche buying gene specialist spark, paying $4.3 billion. why? spark is working on treatments for hemophilia, huntington's disease, pompe, that is a disease that causes blindness. sparks going at it. they're worth a lot of money. look at this, ge will sell the biopharma business to danaher for $21 billion. that is enough to put ge back at $11.30 a share. what a gain. everybody, now this, bernie sanders is a socialist. he has spent his life in politics opposing capitalism, profit, rich people, billionaires, inequality, you name it. most aspects of america's financial life he dislikes and he dislikes them intensely.

that is why he always seems to angry. his demeanor is barely suppressed rage, except when he is talking about the good ol' days in the ussr. we found some comments from the 1980s, a wholly different bernie sanders emerges. he actually praised bread lines, okay? i think we have a full screen exactly what he said. here we go. it is funny sometimes american journalists talk about how bad our country is because people are lining up for food. that is a good thing. in other countries, people don't line up for food. rich people get the food and poor people starve to death. that is justification for headlines. there is more. bernie sanders praised virtuous soviet russia public transportation in part the moscow subway system. the stations themselves were absolutely beautiful, including many works of art. chandeliers very beautiful. it was a very effective system.

it seems strange to see the fiery bernie so much at ease, then he is a true believer. that is a political liability today. that is my opinion. bernie is part of the hands off venezuela crowd, just as the socialist dictator maduro shoots and kills civilians trying to get food into the country. is socialism so precious that murder is legit? here at home his socialist policies look financially dangerous to say the least. medicare for all, free college, green new deal, that is financial lunacy. in europe even watered down socialism has ruined the continent. senator sanders is living proof that what you say in the past can come back to haunt you. watch this space. we're going to put ruinous socialism front and center. i hope as president trump says, america will never be a socialist country. let's get some reaction to this. phil orlando still with us, so too is lisa booth. first of all to you, phil what

do you think would happen to the market if in the unlikely event a socialist becomes the president of the united states? >> i actually wrote a piece on this a couple weeks ago. i don't know if you looked at it the title of the piece was, the fiscal policy silly season. it is just not sanders. look at ocasio-cortez talking about 70% marginal tax rate. omar, 90% marginal tax rate, warren's 2 or 3% wealth tax, on and on. in our view no risk of recession in 2018, 2019, based on economy and labor market. the follow-up, question, phil, clients ask what could possibly push us into recession? two things. fiscal policy mistake or monetary policy mistake. i think federal reserve is in a good place right now. if the pendulum does in fact swing to the left in 2020 election and these things that we're talking about become essentially the fiscal policy law of the land in 2021, that is

potential risk of an economic downturn. stuart: as we run up to the election if it looks like the left is really going to have a position of power that would hurt the market. whether they win or not is another story, but just running up to the election? >> certainly the second half of 2020 that become as focal point. how do the polls look, how the debates look, what might the results of the 2020 election might be. stuart: we appreciate your wisdom, phil. good stuff. now lisa booth with me, i went out of my way to say here is an example what the man said in the past will come to bite him and haunt him today. what do you say? >> also enjoys his three homes, his 600,000-dollar beachfront home. he clearly enjoys nicer things in life. where i disagree with you i don't know if it's a political liability. bernie sanders was once out of the mainstream in the democratic party. he is no longer. gallup found last year more democrats support socialism than capitalism. our "fox news poll," found 43% of democrats support socialism.

alexandria ocasio-cortez, marginal tax rate, 70% marginal tax rate for highest earners in the country, majority of americans support that, 45% of republicans. single-payer on its case, majority of americans support single-payer, with increased taxes, the lack of quality care, that it would lead to, then the breakdown in support comes. so you cannot underestimate the allure of socialism, it has to be explained. republicans and capitalist on both sides of the aisle will loose the debates unless they make the arguments clear. stuart: hold on a second. a presidential tweet coming in. why on earth would any republican vote not to put up a wall or against border security? please explain to me. liz: at varney co. stuart: believe what i said. thank you, mr. president, glad you're watching. why would any republican say, no wall. i just don't get it. ashley: nope.

stuart: i think we better leave it there. >> fine with the wall. build it. makes sense to me. stuart: all right. thank you very much indeed, phil orlando and lisa. big hour coming up for you on this monday. violence on venezuela's border, disputed president nicolas maduro's thugs opening fire on civilians trying to get to american aid. get american aid into the country that is. this as vice president pence is in neighboring colombia. question, what will we do about all this? what are we in america going to do about it? presidential candidate kamala harris says doesn't matter how much the green new deal costs, we've got to do it. really? we'll tackket that one. you heard my rant. not rant. ashley: measured editorial. stuart: on mr. sanders. he also praised fidel castro. you will hear later this hour. you're watching the second hour of "varney & company." ♪ i don't know what's going on.

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stuart: get to the market. where are we? the word is up, 26,200, a gain of 167 points. by the way look at wedbush, look at microsoft actually.

wedbush, microsoft one of their favorite stocks, one of their best ideas. microsoft is up nearly a buck at almost $112 a share. however, look at kraft-heinz. they had a terrible day on friday. they reprice ad lot of their brands. >> to say the least. stuart: way down. ashley: 27%. stuart: look at that, now they're down another 1%. kraft-heinz at $34 a share. that is a new low. to venezuela, vice president pence is in colombia right now. he is meeting with the opposition leader juan guaido this comes after venezuela forces shot civilians, killing at least four of them. walid phares, fox news national security analyst with us now. how long are we, america, going to stand by civilians getting shot escorting american food? >> it will really depend what the venezuela maduro regime. let me take you inside their war room in theoretical way.

stuart: please. >> iranians, hezbollah, cubans, russians in consultation. they will decide at what time they will launch a much wider offensive against the opposition so far it is very impressive to us that civilians are being killed or 160, 100 million tearily left maduro on the other side. that is not yet. that is the appetizer. if they go hard on the opposition, i mean send tanks and troops, what will be the reaction of the united states which brings me to your question? where will the u.s. actually intervene? the u.s., brazil, colombia? we are in a gray area. we're not yet in the bigger moment of it. stuart: but are we in a position to intervene militarily if they brought out the tanks and machine guns and shot people wholesale? >> there is no doubt about it. our military, first of all, venezuela is so close. we are in afghanistan. we were in iraq. still in iraq or around the world. obviously we have the tools.

it all depend on what tools the maduro regime is going to be using. plus the russian reaction, you know at the united nations if there is debate, russians will say we're vetoing any international action, the question would be how wide are the coalition. so many questions to ask. stuart: i realize all these questions, and it is unclear. what is your opinion? where do we go from here? >> i think what we're doing right now is the right thing, just increase the intensity, so making sure that we are trying to get that aid to the refugees, making sure the refugees at the end of the day are going to call other segments of the population to join them. we need to do the soft intervention. not ourselves, but let the venezuelans do it. let the latin americans do it. that is what the vice president is doing now. he is meeting with latin america. let us have the widest coalition on one hand. on the other hand warn the leadership of the army in venezuela has john bolton has

been doing, as pompeo has been doing. we're doing the right thing and observe what the maduro regime would like to do in the next few days. stuart: thank you, walid. i cut this a little bit short. because i have a presidential tweet coming at us. this time it is about the markets. here it is. since my election at as president, dow jones is up 43%, and the nasdaq composite 50%, great news for the 401(k)s as they continue to grow. we're bringing back america faster than anyone thought possible. that is certainly true today. we're up 176 on the dow industrials, on the strength of a china trade deal coming up and a meeting with xi xinping. stay with fox business, for updates on venezuela, remember, please, trish regan will sit down with vice president pence in colombia. the full interview tonight, 8:00 p.m. eastern, here on the fox business network. back to the market. put it like this, we're at 26,205. that means we're in a couple

hundred points of a all time closing high for the dow industrials. how about that. liz: 2% away. stuart: 2% away. i'll take it. we'll be right back. ♪ this is the all-new chevy silverado. it's beautiful. beefy and mean looking. it's the strongest, most advanced silverado ever. the cab is bigger than the last generation. it's the first truck i've seen make you look small. but that's not all... whoo! oh my... whoa!

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stuart: we're up 161 points, been there all morning, a gain of 2/3 of 1%. >> >> something completely different for you. roadie, that is a delivery service, it uses regular people to deliver packages all over the country. it received, secured, i should say, $37 million worth of funding, including an investment

from home depot. this man joining us is the ceo of roadie. mark, intriguing idea. i need you to give me some numbers here. how many packages delivered, how many delivers have you got and how is business? >> business is great. thanks for having me on, stuart. we have over 120,000 drivers across the country. we have delivered to over 11,000 cities and towns. we literally reach 89% of the entire u.s. population. with our driver network, people just like you and me, driving around, helping a neighbor out taking a package where they're going any way. stuart: they're going someplace? stuart varney is going on a trip to philadelphia, okay, stuart, take this, this, for me, deliver it when you get there, right? >> there is actually a lot of data science involved in it. you would let us know you would regularly go to philadelphia. if a package is going there, you could make money taking a trip you're going any way. stuart: how much do i get paid? suppose a trip from new york to philadelphia, i'm taking your

package, how much? >> i don't know, you get 50 bucks. i have to look and see. folks are taking stuff last mile within cities. that is lot of relationships we announced with home depot today and with walmart, and delta air liness and a lot of other companies where they handle the last mile delivery, for grocer, airline or for any sort of retailer out there. stuart: look it is a terrific idea. it utilizes an underused asset, namely ordinary people. but let's suppose i agree to deliver a package for you. do i know what is in the package? because you know, if you give ge a great big suitcase for my trunk, i want to know what is in the suitcase? >> absolutely. open box policy completely. photographic chain of custody. pictures are taken before you pick up the package, and then afterwards to make sure it is in the same conditions it was when you first received it. good for people sending and good for people who are driving. stuart: seems like delivery the

name of the game and you're right in the middle of it. >> it is white hot right now. i think, you see everybody wants it freer and faster. everybody is trying to compete with folks out of seattle. this is an option where a lot of brick-and-mortar retailers like home depot have an option utilizing their associates and their customers in their store and people just in each of their communities that can deliver for them. a lot of people focus just on you know, new york or atlanta or san francisco. we deliver all those places too. we also deliver in small towns like eugene ore -- oregon, chattanooga, 10 sees. this crowd source model can spring up anywhere i will be looking for your account. stuart: you're a diplomat. you should work for the state department, man. really should. roadie, great idea. quite a company. marc, thanks for joining us. >> appreciate it, stuart.

stuart: yes, sir. now this, presidential candidate kamala harris of course we can afford the green new deal. we have to be practical. we'll tackle it. liberal comedian bill maher attacking middle america. that they're less educated and than the coastal elites. we'll hear what you have to say when varney comes back after this. ♪

♪ will you still need me when i'm 64 ♪ stuart: paul mccartney wrote there when he was 16 years old. ashley: remarkable. at the piano in his house. stuart: that's right. who would know that kind of

thing when you're 16? brilliant song. glad we played it, producers. it's a good one this time. >> big board shows they're holding on to a triple-digit gain. we had been up close to 200. we'll take 135 points higher. that is a half percentage point. big tech is cashing in today. all of them, apple is up to 175. amazon is at 1640. facebook at 164. alphabet, 1118. microsoft just shy of $112 per share. listen to what california senator kamala harris said about alexandria ocasio-cortez's green new deal. roll tape. >> there is no question we have to be practical but being practical also recognizes that climate change is an existential threat to us as human beings. being practical recognizes that greenhouse gas emissions are threatening are air and threatening the planet. >> can we afford isn't.

>> of course we can afford it. stuart: of course we can afford it. andy puzder, cke restaurants, author of the capitalist comeback. andy, seems to be the world will come to an end unless we do this, and of course we can afford to do this, because we don't want this have i got it right? >> yeah, sounds right but i'll tell you i would be a lot more convinced by these, people like senator harris or cory booker or alexandria ocasio-cortez if they were actually proposing things that we could accomplish that would reduce carbon emissions, greater use of natural gas, nuclear energy, the kind of things that would really make a difference, we could share with other parts of the world to reduce their carbon emissions as well. i don't agree with senator harris on much but i don't think she is an idiot. she knows it would be too

expensive to implement so she doesn't want to talk about what it will cost or it's a political stunt to attract the gullible, that she won't have to deal with the issue how much it will cost. i don't think realistically she can ignore it if she tries to produce this seriously. stuart: there is serious alternative to deal with the green new deal is a carbon tax, put forward by a straight roof even conservatives. what would you say to a carbon tax? >> i would say, number one, it's a bad idea. i hate it when the government comes in and tries to change -- the government never really understands when it tries to impact the economy where the impacts will go. that is what happened with the s&l crisis in the '80s. happened with the financial real estate bubble collapse in 2008. all we need to do is focus on fuels that don't produce a lot of carbon emissions like natural gas and nuclear energy. they are widely available. they would really significantly reduce the problem.

they wouldn't change, we wouldn't have to switch from capitalist economy to a socialist economy which is what the green new deal really contemplates but we could solve the problem, if that is actually what they wanted to do. it is not what they want to do. they're trying to get political gains out of this. stuart: okay. congresswoman alexandria ocasio-cortez announced that nobody on her staff will make less than 52 grand. that includes interns. salaries would top out at $80,000 a year, for her chief of staff. is that kind of socialism, redistribution in practice on capitol hill? >> well you know, she is not facing the kind of problems a business would face. a business couldn't start out employees at $52,000 a year and let their good employees go by capping their salaries at $80,000 a year. they would be out of business very quickly. she can do this. she is using taxpayer dollars. they are not dollars she generated. she can allocate them however she likes. the problem is going to be, she

had a tweet where she said the real problem here that people leave the public sector, they leave government service and get big salaried jobs with lobbyists. we'll address that, domino effect, sounding like she knew what she was talking about but if you look at it, if you're paying your starting employees, very high salary, when people come in, inexperienced, they want experience so eventually they can leave and get these higher paying private sector jobs. so when you raise the salary for those people, i'm sure there very happy about it. but when you top them out at $80,000, what you're saying is if you can make more than $80,000 in the private sector or in another congressional office you should get another job. the median salary for upper level congressional employees is 155,000. which means in other offices you can make, 1455, maybe $200,000 a year. she is really exacerbating problem. she is sending more people into the private sector.

stuart: andy puzder, you're all right. appreciate your logic. we like that. thank you. now this, msnbc not covering jussie smollett's alleged fake hate crime when the news broke on thursday. joining us now, howie kurtz, "mediabuzz" host. why would they ignore such an important development? >> well in prime time on msnbc there wasn't even a mention what was then the hottest story in america. you had the chicago police department charging him with this incredible racially motivated hoax that smeared people who support president trump, not a word, because i guess they didn't want to confront the fact that an african-american, successful tv actor had ebb blown up his career, traumatized country, put the country through it. by the way, cnn's don lemon had been calling jussie smollett to make sure he was okay. when he found out he was lied to, he said that is not cool. stuart: msnbc has a problem with

al sharpton involved with a nasty hoax of his own with tawanna brawly, he made it up. he is still a guy in good standing on msnbc. of course they can't cover a real hoax. >> i actually covered that years ago. it was before the age of twitter and all that. you know, it did get some coverage during the day time, how do you let your idealogical predilections, if they want to come on, look, we feel sorry, whatever, fine, but when you ignore it, wipe it out, i say this with any network that i can norse a story everybody else is covering that undercuts your credibility in my view. stuart: listen to what bill maher said about middle america. your interpretation follows. roll tape. >> most affluent and educated people are clustered in just a few cities. the blue parts of america are having a big prosperity party while that big sea of red feels like their invitation got lost in the mail. and they still use the mail.

[laughter]. stuart: the last line was a good one i guess, but really, wasn't he speaking the truth? >> well he is diagnosis is certainly true, there is a big economic gap between the coastal cities and the middle of america. coastal cities being where most journalists live, not really tuned into how the rest of the country may be faring. mahre ruined it he went on to condescendingly, the red states they're jealous of us. i went to college in buffalo. why woe people live in buffalo? it's a great community. people like living there. the idea they want to move to l.a., or san francisco or new york, is wrong. the problems need to be addressed in terms of economic, when you get condescending like that, that is why they turn to candidate donald trump. stuart: that is part of reason hillary clinton lost in 2016. condescension to middle america, do you agree? >> certainly not campaigning in places like wisconsin and michigan. that is a form of condescension. she could have won the election

if she hadn't taken the states for granted. stuart: i was referring to the deplorablables statement. >> that stuck to her like tar paper. deservedly so. stuart: howie, thank you. tax refunds are down 17% this year. the left's freakout this our next guest shows their knowledge of taxes. bernie sanders past comments that bread lines are a good thing, marveling at the soviet union public transit system, and praising fidel castro. you will hear that next. ♪

♪ ashley: market watcher dennis gartman says positive news on the china trade talks could soon push the dow to an all-time high. roll tape. >> the market wanted to see that we were going to suspend the imposition of further tariffs. tariffs are such a silly idea. they make no economic sense whatsoever. they have been a bad idea from the on set. the at least we delayed putting 25% tariffs into effect is

beneficial. the bull market will continue until it stops. given the deferral of the tariffs and we still have a strong global economy that is going on. let's applaud what is happening. ♪

stuart: coming back up a bit. we're up 160 points, that is 2/3 of 1%. we had a triple-digit rally from the get-go. look at ge. well above $11 a share. they're selling a biopharma business. selling it to danaher, $21 billion. coming in assets. up 9%. 11.18 is the quote on got e. back to my editorial. some would say i was ranting about bernie sanders at top. hour. look what he said about communism and fidel castro. roll the tape. >> everybody was totally convinced castro were the worst guy in the world. all the cuban people would rise up against fidel castro. forgot educated their kids, gave them health care, transformed the society. not to say fidel castro and cube is perfect. ashley: what? stuart: this is the heavy enon

earth author. does the man never pay a price for really supporting murderous dictators, lunatic communist system? does he ever pay a price? >> so far, so far he hasn't and he has covered up what he stands for by calling himself a democratic socialist. actually the democratic part is optional. he's worshiped socialist regimes that were not in the least beat democratic. castro not only one. he was huge booster of the sandinistas in nicaragua. stuart: this is not the cuban socialists, this is not the ussr, gobut go ahead. >> very much so. more than, called social

democracy and a lot of those parties which were truly democratic parties, started out dreaming that they would create socialism, full-blown socialism, democratically, but when they started, they got a few years in, either they saw it wasn't working very well, or the voters rebelled against it, because inevitably is started messing up businesses and slowing the economy. and so they pulled back. they learned they could take some steps to widen the welfare state, let's say, but they couldn't create socialism in any democratic country. it has never been done. and if you are a real, true believer in socialism, then you have to get rid of the democracy, and force it down people's throats. and, bernie sanders says he is democratic socialist, but if he has to choose between sticking with democracy or sticking with

socialism, undemocraticallily, he is often opted for the second stuart: i think this watered down european socialism is one of the primary reasons why europe is collapsing. it is not just breaking apart. its economy is going nowhere and i blame this, okay, watered down socialism. do you agree with that? >> well, the the watered down socialism is not as nearly as harmful to societies as the dictatorial socialism in the soviet union, cuba, nicaragua, what have you, but it does take a significant toll in economic growth. and so, i think in all democratic countries we want some welfare state. we want to protect the most vulnerable but the bigger you build that, the more you're going to slow down the private sector which generates wealth and the more you're going to get to kind stagnation.

stuart: thanks for joining us. josh, i'm terribly sorry to cut it short. it's a huge news day i have to do that. thanks for joining us. >> my pleasure. stuart: the reason i'm cutting that short, i'm getting ratings in for the oscar ceremony last night. give me numbers, ash. ashley: coming in 21.6, which means it was up 14% from last year's telecast. by the way last year's was a record low. they had only one way to go you could say. up 14% from last year. apparently not having host seems to work. stuart: up 14%? ashley: that was a big jump. stuart: it was all-time low last year. so 14% is nice, not exactly a home run. ashley: decent. stuart: did you stay up? >> opened with a bang with the rock band queen and continued. i thought it was decent show. the three comediennes were

hilarious. stuart: i went to sleep. ashley: i tuned in when spike lee was on stage, giving his rambling. made me change the channel. two seconds. stuart: good enough. i have some really shocking video from berkeley, uc berkeley. a conservative activist assaulted by left-wing protester. this comes from the school where the free speech movement in the 1960s started. we'll have the conservative activist in our show next hour. check the big board, still strong. 26,200. almost. ♪

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stuart: roche is buying an american company, a gene therapy specialists. it is called spark therapeutics. they're paying $4.3 billion for it. here is the important part. spark is working on treatments for heem meal yaw, huntington's disease, and pompe, that is a disease that causes blindness. kraft-heinz, we keep telling you had a rotten week last week,

terrible friday, dropped to an all-time low. no improvement this monday. they're down another 30 cents at 34.65. "the wall street journal" is reporting that several apps have stopped sharing data with facebook. liz, hold on a second, what information were these apps sharing with facebook i don't know about? liz: sensitive personal health information, like weight, your heart rate, visit to the doctor, anything you put on a health app was being siphoned off by facebook, even if you were not a facebook user. so now you have four apps saying hey, we found this out, their popular health and fitness apps, four of them "wall street journal," says we're going to stop this. we'll not give facebook the information. what was facebook doing with the information? give them to advertisers to better target users on the facebook page. stuart: so you bet weight loss or ads for whatever. liz: that's right. stuart: anything connected with your health, which they have broken out, sold to somebody.

not on. ashley: every day we do a story like this. stuart: we do, every single day. facebook is teflon. today they're up, up at 164 i think it is. i've got microsoft, some of their employees, not many, some of them, they're not happy with the company's microsoft developing software for the military. ash? ashley: they're upset with a thing called hollow lens 2. basically augmented reality headset. allows troops in the field to better detect the enemy. but this letter, only 100 people out of almost 135,000 people who work for microsoft, but they want the to cancel the contract that was made with the u.s. army. 480 million-dollar counsel, contract. they don't want no more weapons technology. they want to have an independent ethics board. what it says, we are a global coalition of microsoft workers. we refuse to create technology for warfare and oppression. stuart: leave and go someplace else.

ashley: that is the argument. stuart: whose side are you on? whose side are you on? liz: they're not handcuffed to the desks. stuart: go work for the iranians or something? that is what you will do? they're peace-loving people. ashley: very naive. stuart: exasperating. ashley: annoyingly so. stuart: annoyingly so. they're rich young people. rich -- ashley: they live in the bubble of silicon valley. they have no idea what it is like out in the real world. it is dangerous. stuart: i better calm down. check stocks, the dow industrials are up closer to 200 points right now. look at that, up 197 now, almost 200. 226 is where we are. 3/4 1% up. a rally across the board. big tech names i'm sure they're all higher. yes, they are, facebook, amazon, apple, alphabet to the strongside, hugely so. this will be one huge week in the news business. here is my prediction, i'm out on a limb, the dow will be at or

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train to money in politics, that's what we do appear to huge become both fronts and by the end of it will have a better handle on the 2020 election. were already off to a very fast start this monday morning. the president had delay the imposition of tariffs on china and is moving towards a summit with chinese leader. the market is taken off. good start on the money front this monday. tomorrow, tuesday another potential block buster for your money. the fed chair jay powell testifies in answers questions from politicians. will he hedges dovish comments on interest rates? i don't know. but what he says could move markets. tomorrow, speaker pelosi will put her anti-emergency bill to a vote. that is pure politics which will make headlines. the wall is an issue for 2020. wednesday, mr. trump's former lawyer michael cohen testifies

with implications may be for 2020. the left will search long and hard for anything that enhances their impeachment drive. perhaps michael coen will be eclipsed by president trump's arrival at the summit venue in hanoi appeared he is likely to say some mean, might be about north korea appeared might be about china or cohen. wednesday is an mix of politics and money. thursday from the summit begins bear the length of the meeting, the smile, the handshakes from a facial expressions, all important for how they can trump this up is perceived. it could move the market. here's my prediction. come friday, the dow will be at or above the all-time closing high of 26,828. that's because the china trade tariffs imposed pound and investors believe some kind of deal will be made. any deal is a good deal for investors. voters realize we need answers to her border crisis. speaker pelosi is only interested in blocking

everything. the stop emergency but will fail. jay powell will not upset the apple cart on interest rates and the no posada will be regarded as progress. i realize i'm way out on a limb with all of this, but i think the stars are aligned for a shift from a favorable shift in money and politics. new high by the end of the week. the third hour of "varney & company" is about to begin. >> so were doing really well in the wall. we do have an emergency. we have an emergency of people pouring into our country that we don't want. criminals, smugglers. we have drugs pouring into our country and we can't have it. it looks like i'll be coming back quickly again and we're going to have another summit. while the signing summit, which is even better. so hopefully we can get that completed. we are getting very, very close.

stuart: signing summit, very important words. commenting on trade and border security and then he treated why on earth would any republican vote not to put up a wall or against border security. please explain that to me. that's what i said on the show of barney crowe. the market right now still up 200 points. let's bring in charles payne, the host of making money. first of all, i'm out on a limb. 26,828 or above by the end of the week. why are you laughing? stuart: i don't think that's out on a limb. out on the limits what i did the day after christmas it when i told everyone to not sell, don't panic and i made an exact comparison of why christmas eve was october black monday, october 1987. the same exact thing in the same exact thing has happened. the market has gone straight up since then. all the things you talk about

are falling into place, but think about the deal of the day spending $21 billion. then our stock is up 8%. ge stock is up 9%. they both win. warren buffett saying stocks in this country are incredibly cheap right now. so many things going on with the jobs -- 300,000 jobs last month. wages have huge. not just overall, the nonsupervisory wages up for the last five weeks more than their supervisors. in other words, prosperity is reaching the corners of this country that have an event in over a decade. all those things combine a market gone much higher. stuart: kudos to you because you have consistently said the market is going to keep on going up and you've been saying that since the day donald trump was elected president. 50% on the not yet for heaven sake. stuart: listen, the taxes, the

regulations. but i think also there is an animal spirit they came to life immediately after the election i think it's still there and it's hard to quantify it. liz: what's concerning are the people who listen to the media hysterics who said the world's going to collapse. the markets going to go down. they were saying this in the shutdown story coming out in december. the market went down christmas eve but it bounced back up. i want to know when they went on tv to make the statements are they selling their own stock? because if you listen to them, you would've lost a lot of money. >> i do agree. unfortunately over the last year especially financial news has been more about how much i disliked president trump and looking up the core -- you know, the basics. looking at fundamentals. otherwise when the p.e. ratio is 14.5, most wall street analysts would've leapt on not as oversold territory instead of

saying it's going to get worse. stuart: there is a large proportion on wall street who really dislike president trump energize their forecast of the market and their economy. that is ignored huge run-up because of it. liz: there something to be said and it's this. more middle-class americans own stocks. when the shutdown happened, and freak out happened to middle america panicked and thought we are going to pull back on spending them in the stock market started to take it. there's a more democratization of the market going on. you saw that in the shutdown is some confidence got hit retail spending got hit but then he came roaring back up here >> we've already surpassed many targets for the year. most analysts say will be up may be made single-digit. maybe high single digits. all the major indices are up double digits right now i'm on the cusp of going even higher because new high is because few

high as here by the way, money managers, the last surge survey money managers around the world sitting in 44% cash they miss all of this -- all of this. they've got a prayer comes down but they've got a jump on that sooner or later. stuart: new surveys the national association of business economists 77% think we'll get a recession within the next three years. >> a major snowstorm in in the northeast that shuts down everything. i want a nostradamus award here. stuart: it doesn't say anything does that? >> in june the skies will start in the fourth quarter this year so they pushed it off a little bit. this is what you like of this group. 42% said aoc would be negative.

17% said it would provide benefits. it would be positive for the economy. >> how young was that group? >> i like your dismissal. >> don't make your investor -- [inaudible] if they're smart let them come up with some ideas for the next three years, but don't investor strategy. stuart: what time? >> 2:00. it's called the cp effect. the market rallies between two and three. i don't know why. stuart: you've got real power. thank you very much, charles. we have updates on a few ipos. first off, list could file for going public as early as this week here that's when i get the details that reportedly been valued at 20 to $25 billion. how about palatine, digital exercise bike company.

they pick goldman sachs and jpmorgan to lead their ipo. could value the company at a billion dollars. don't forget interest filed to go public. seeking evaluation of $12 billion. that money. other stories for watching. alexandria ocasio-cortez announcing the changes to the way her staff is paid. her $174,000 a year salary goes untouched. also calling herself the boss of the green new deal. whereon it. the irs says the average refund is down 17% from last year. i say that could be a problem for the gop and maybe the economy too. a big week for money and politics. the president leaves for vietnam and about 45 minutes. his art he made headlines this morning. if he makes any more, we'll bring it to you real fast. this is the third hour of "varney & company." ♪

train to the united states does not have a military draft in more than 45 years. a federal judge in texas has ruled the all-male draft is unconstitutional. this is all part of a lawsuit that argues women should be given the same responsibilities as men when they turn 18.

venezuela and the big news breaking. the treasury department has sanctioned three governors of four venezuelan state with madero. the state direct and blocking humanitarian aid coming into the country. the former u.s. ambassador to venezuela. mr. ambassador, is this what the u.s. should be doing, pressuring maduro rather than intervening militarily? >> i think as the president and vice president, secretary of state in a lot of other high officials have said, we cannot take any option off the table. however, i know that the united states does not like to use military force unless it is absolutely necessary. military forces being used in venezuela today. we saw over the weekend very quickly when the former government -- the president nicolas maduro ordered troops to fire on their own people. they killed their own people.

they wanted a couple dozen people who were simply trying to bring much-needed supplies into and to venezuela. of food and medicine, the venezuelans are hungry and sick because of the policies of that government which has become a military government. train to give us your opinion. if they are shooting people trying to get food into the country, should we intervene militarily? what would you say? >> the vice president of the united states is in bogotá, colombia meeting with over a dozen latin american democracies. the biggest democracies, the most important ones in the region. they are all in agreement that the government of venezuela under maduro entered on the 10th of january according to their own constitution. maduro is presiding over an illegitimate government.

what that group decides to do, we don't know yet. but the secretary-general of the regional organization of this hemisphere, which is pure cassation an american state has said venezuela is under military occupation by a foreign country in a foreign country is cuba. the cubans are managing the repression in venezuela. they are giving the orders. yesterday, the vice president -- maduro's vice president and former government wearing a hamas scarf by the way said that what happened over the weekend, in other words the assassination of venezuelans by maduro's bugs was only a fraction of what we are willing to do to defend ourselves, and meaning to send the maduro plutocracy. meaning most of whose members have been sanctioned as you

announced this morning, and additional sanctioned by the united states and other countries for involvement in our products trafficking, and money laundering in a lot of other crimes. stuart: what his situation. i wish we could pursue this further, mr. ambassador. we are unfortunately out of time. come back and visit us again. mr. ambassador, thank you very much. thank you. trish regan is in bogotá, colombia. she will interview mike pence about the situation in neighboring venezuela. we'll watch it tonight. i'll interview 8:00 p.m. on the fox business network. switching back to your money. corporate news first off. barrick gold, this is an all stock deal. the two largest gold miners in the world may be getting together. roche buying u.s.-based gene therapy specialist called sparks therapeutics pain for

$.3 billion. why? sparks working on treatments for hemophilia, huntington's disease. i don't know what that diseases, but it causes blindness there working on a cure. interesting. ge is selling its bio pharma business to her for $21 billion in ge stock is up 8%. that is up 8%, too. what a deal. both up 8% in ge is that $11 a share. epic games putting up a massive amount of cash for any player who wins the fortnight world cup final. we'll tell you how much massive amount of cash actually is. a big win for netflix at the oscars. winning the award for best director. does this put pressure on disney? and here is the nugget i bet you didn't know. the oscar rewarded well, the oscar is elf isn't worth that much. can you take a guess how much

gold plated statue is worth? how much it costs to produce? we will tell you. one person could win a brexit with president trump. we'll tell you how you could enter it the contest next. ♪

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stuart: of course an oscar as the top award in the movie business, but the award itself is a worth all that much. "forbes" says that it's goldplated statue is worth $900. however, winners cannot make a profit by selling their oscar. if they want to get rid of it, they have to sell it back to the academy for 1 dollar. didn't know that. $30 million up for grabs at this year's sub six world cup finals happening in july in new york city. players who make it to the final round a guaranteed $50 in the winner takes home $3 million. videogame content. check this out. the chinese company unveiling a

foldable phone has an eight-inch screen, for cameras, goes on sale in the summer. they are taken on samsung. prices start at 2600 bucks. however, huawei also has a very much affordable phone going for $600. you can win breakfast at the president of the trump campaign offering flights, hotel, meals, all you've got to do is make a donation of at least $3 to the campaign by midnight on march the fourth. are you in? ashley: i don't know, are you? stuart: microsoft facing backlash of employees over plans to develop software. dozens of employees have signed a letter saying we didn't sign up to develop weapons. we'll have more on that in just a moment. the irs now says the average refund is down 17% from last year. could be a problem from the gop

and maybe the economy as well. full details coming up. ♪

stuart: old enough for a very nice game. about two thirds of 1%. that put it out 26,200. roughly six points away from the all-time record high. a little bit of oscar news. a big win for netflix last night. their film roma won the award for best her. john mayer transpired ventures are. you think that this when i netflix, "roma," and that gives them a leg up in the screening mall with disney? >> i think it's part of a larger trend. that's what i think is happening and it's been happening for a few years now. the new companies come into the

screening game as an example. disney is going to need -- they're going to need time to millions of subscribers pay $9 a month to make up what is going to the cost of them creating this original content. netflix is years ahead of this. they've been out this story very long time. they know what they're doing in terms of marketing. they figured out the web to create original content that uses social revolutions like with "birdbox," stranger things. i really think disney and these new companies are going to be into the game here. stuart: i take your point that disney has enormous amount of content ready to go. they don't have to create original content. they've got stuff in the basement. that content will be very, very appealing to young parents with kids.

>> you bring up a very good point. what is netflix biggest defense is their ability to change the traps of what content people are interested in. what they've been doing successfully as we see more and more young people in millennial's shoes and actually prefer to watch netflix originals over movies and movie theaters are over disney content. this is the trend i am seeing in a lot of the research and analysis that i've been doing on my end. and to be honest, one of the other key points here is netflix has really figured out the platform, the user experience aspect of this. using their website on apple tv and their smartphone is so great. they specialize in that. stuart: just sum it up for me. do you think at the end of the

day netflix wins the streaming wars against? >> i do. at the end of the day, netflix is the future of hollywood and tv. when we really begin they're really getting worried right now and that's what i'm seeing. trying to talk to me about this year, 2019 turning out to be a big year for tech ipos. balaton top interest, i'll announce it when public sooner rather than later. your thoughts on this. to prove this, welcome it? >> i welcome it and i think other folks at night silicon valley venture capitalist welcome it as well. there has been a severe lack of ipos. there has been almost too much private liquidation of equity in a lot of these large startups like lyft, like telecom. what we will see as a byproduct of these ipos have been a few

is that we will save hundreds if not thousands of new millionaires that were early employees, early executives at these companies that now want to deploy their asset and where are they going to deploy them? the stock market and other early gauge startups as more people become -- more of these employees become angel investors. what i think we'll end up seeing again is a stock market push and then a bit of an upward trend in the early-stage investing in startups as people again and these companies begin to diversify. stuart: fascinating. john, absolutely fascinating. thank you for joining us. stating on my name, i've got some bad news about your tax refund. the irs says the average is down 17% this year compared to last year. the chairman of koufax is with us this morning. i see this as potentially a big

problem for the gop because people who are getting these small refunds, they are used to bake refund, they are going to say we don't think much of trump's tax cut. >> for middle-class americans like me, maybe not you, stuart, this is a plus because now there is more money every month, every paycheck that is going to be an individual paychecks. and they give you an example. my daughter is fifth birthday is today now will get more money in her college savings account every month which accumulates faster than waiting until april 15th tax refund to come to than they put into her college savings account. more and more investors are going to have more money every month to put in further savings accounts into their retirement so they get billed for money throughout the year. stuart: there's no question you're right, but people see it that way? talk to me about salt, deduction for state and local taxes now denied. an enormous number of people in

the 1% bracket used to get a whopping great big tax refund. now they will not demand of actually paying. forget politics for a moment. that hurts the economy because that chunks of money will no longer be flowing into the economy. they're just not going to be there. the steelers won't be there appeared >> we are seeing what happens at tax policy. united van lines just came out with their 23rd turning survey of where most people were leaving and going elsewhere. where were they? they were in high tax states. illinois, connecticut, new york, new jersey. the 1% that you hang out with are already moving. they are taking off because they understand tax policy. stuart: but you're referring to politics. i'm referring to economics. stuart: the economics for florida is good because those dollars are transferring from connecticut, from new york.

they are choosing to keep high taxes. stuart: next year, not this year. this year, tens of thousands of people will not be getting whopping great tax refunds. >> they haven't had their money for an entire year that they've been able to invest and do things with before. you are buying into this democratic -- true to its original thinking. tens of thousands who used to get tens of thousands of dollars back on april 15th now they don't. that is money not flowing into the economy. last spring i did. stuart: on transgenic thousands of dollars into the economy because they haven't been paying taxes. they haven't been giving it to the government. stuart: i understand not, but which are forgetting is the use to get a big tax refund and now they don't. stuart: i'm just looking at the

reality. >> you americans get more money in their pocket every month to get to spend and invest and do what they want. the reality is the trump tax cut passed by the president and republicans in congress allow that to happen. stuart: the 1% yes they got a little bit more on the paychecks, but they don't get the great big tax refund that they used to get. >> they still get the money. stuart: not all of it. he denied the deduction for high state taxes and for all kinds of business expenses no longer deductible. if they've got an agent coming to pay the agent may be 10% or whatever it is. that 10% used to be good at both. now it's not. >> to those individuals in missouri and illinois and wisconsin, the midwest are not worried about whether tom cruise can deduct his agency. stuart: i know they're not, but the economy won't get the jolt it used to. >> those families will get the

jolt. stuart: next year if they move. are we done? i think we fight each other to a standstill. mr. avella, thank you, good stuff. stuart: let's talk about microsoft. some workers bear, they work on the companies call the lens project. you're seeing it on the screen. they don't like it because it's used by the military. microsoft has awarded a $479 million contract or the army to use their device. programmers not happy. they don't want their product used to harm others. they are demanding microsoft cancels the contract. no impact on the stock but i think those people should decide. >> we did not sign up to develop weapons. we demand a say in how workers used or has he been saying all morning, you can quit. stuart: yes, please quit. you can decide whose side you're on. check the price of oil. the price per barrel is down $2

today. fifty-five dollars per barrel. a 3.5% decline. prices at the pump keep going up. we are now at $2.39 national average. let's see if it stabilizes they raised the price of crude goes down. the president took to twitter about the hike in oil prices recently. not today but recently. oil prices getting too high. opec, please relax and take it easy. the road cannot take a price hike fragile. that's when the president. check this out. remarkable video from upstate new york. high winds over lake erie creating an i.c.e. tsunami. as high as 30 feet washing ashore, threatening homes, closing roads, causing delays of two hours or more at new york's laguardia airport.

ocasio-cortez announcing big changes to the way her staff is paid. however, her salary, $174,000 a year untouched. she's calling herself the boss of the great new deal. more on that for sure. another summit with north korea's kim jong un. pushing for full duty to her station. kim will make a wise decision. looking for any headlines when this all settles down. . longer hours... eyes today are stressed. but ocuvite has vital nutrients... ...to help protect them. ocuvite. eye nutrition for today.

stuart: this is the big story today about your money. a stock market rally and then some. the reason for the dow being up close to 200 points is quite simple. the president has made some positive comments on the issue of trade. we push back the deadline for raising tariffs on chinese products. fill me in here. he made a statement about enough signing ceremony. ashley: he plans to sign a trade deal. that is about as optimistic as you can be. not only pushing back her of deadlines that actually having a signing ceremony. stuart: exactly, shimada not die because that's important. the nasdaq up nearly 1%.

why? china's likely to buy an awful lot of our tech products. primarily based on china and positive news. we'll be back.

stuart: alexandria ocasio-cortez said she is committed to paying her staff a decent salary. she tweeted this. leadership starts with our choices. that's why i decided that no one on my staff will make less than $52,000 a year.

it is like one of the highest entry-level salaries on the hill. it is worth every dime to pay a living wage. take a look at the range of salaries from the staff. no one makes less than $82,000. max out at $80,000 a year. that would be for her chief of staff. aoc also talking tough about the great new deal. roll that tape. >> people are like it's unrealistic. it doesn't address this little minute think. and i'm like, you try. you do it. because you're not. so until you do it, i'm the boss. how about that. you heard it here. >> i was kayleight mcenany, national press secretary and spokesperson. you must really want to run against alexandria ocasio-cortez. you just love her, don't you?

>> she certainly does represent where the democrats are. the far left socialist viewpoint or you just heard her pronounced in that stage. this is where up to 2020 contenders lie. she runs the party. her and bernie sanders and make no mistake about it. stuart: it's going to be popular youngsters see her doing what she says she wants to do. lowering inequality of so everybody on her staff have been banned from $50,000.80000. regardless of whether you can pay for the great new deal, she's doing what a lot of young people want to see happen and that will be attacked there. >> we are going to argue against that. but when males are smart. they'll wake up and understand that capitalism works likewise. it's important to make folks understand she put a different minimum wage in her office. were this de facto minimum wage has been tried in seattle for an

income even the "washington post" that it was a failed experiment and didn't work in prague this and actually created more inequality. i believe no one else will understand it. stuart: are they reading the script properly here? are introduced as the president's 2020 campaign team. you are the official press secretary for the 2020 trump is that accurate? >> that is accurate and i begin with you and they play at many here to the trump campaign as their press secretary. so honored. stuart: what you're doing is press secretary? >> engaging with the press, litigating the case for the president and his record of achievement. it's my job in her communicate answers dark shirt to break through the fake news coming to get the president's achievement to the voters at a the 2020 election will do just that. stuart: you seen how the press goes at the and sarah sanders. they go right out them. pretty bad news.

are you prepared for that? >> absolutely. i spent a year and a half on an alternate network. i'm fairly confident i can make it happen and share the president's achievement. so important. stuart: look forward to seeing your smiling face. we look forward to seeing that. congratulations, kayleigh mcenany. congratulations indeed. see you soon. now this. free speech, this is incredible. under attack in berkeley, california, literally attack. a conservative activist assaulted, punch in the face for trying to recruit student. we will talk to that man, the man who was assaulted in just a moment. look at that. put that man in prison, why don't you? ♪

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stuart: i've got to show you that shocking video again at you see berkeley. hayden williams punched in the face by left-wing protester. absolutely unprovoked as you can see. we have batman on the program now. his name is hayden williams.

take me through this. walking across campus. what happened? go ahead. >> is the representative for the institute it's my job to serve students on different campuses, organize events and recruit members. i was invited i conservative students at you see berkeley to do just that and we set up for most of the day in these two people approached our table vary radically and began casting. so at the moment i knew it might be a troublesome situations i took up my phone and started recording right then. stuart: to me, that it's an unprovoked physical assault. the man should be arrested. have you filed charges? >> yes, i filed the report at you see berkeley police department and it's currently under investigation. stuart: i think the man should

be in jail. that's another story entirely. what exactly did he say to you? >> when i first approached the table, they were really upset by a sign we had stating that hate crime hoaxes, referencing the recent incident but that her real big, that real people that have experienced this kind of hate crimes, their experiences are cheapened by these sorts of lies. not only that it's a slander against people who support our president and say that this is who they are. >> give a permit to be on you see berkeley campus? >> the way it works is anyone can set up on the main drag of campus bearing on any given day there is near 100 tables set up across the campus in every different organization you can

think of in a certain culture. in across the country to conservative student in there willing to use violence if they think that you're being too controversial. stuart: what is your organization going to do about this? >> we are still looking at all the options of course. this is a very serious injury and all. i have ringing in my ears and other symptoms of a concussion. that's our main concern right now. trying to get a lawyer, get a hold of the police. draws a lawsuit. sue the college. you get this taken care of because that was absolutely outrageous. thank you for joining us. we appreciate it. good man. see you soon.

stuart: the president will be on his way to vietnam momentarily. emerged from the white house to make his way to the air. if he says anything coming gil know about it first. back in a moment. is. .

stuart: it has been quite a show, ladies and gentlemen. we've had all kind of things happen on our three hours of airtime today. >> no shortage of news. stuart: you're right, ash. we have maintain ad near 200 point gain throughout the day. >> we have. stuart: tell me the one expression the president used? >> making plans to a china summit to sign a trade deal. how good is that? i thought it would be up more actually on that news. stuart: during the show i went out an limb, real limb, by end of the week. >> you did. stuart: we'll be at or above the all-time closing high. >> they're hanging out there. stuart: i'm out on a limb, folks. we'll see how it works. by the way, one other factor on the show today, president trump tweeted at us. here it is. why on earth would any republican not to put up a wall or against border security? please explain that to me. that is exactly what i said to andy biggs, congressman, republican from arizona.

why would any republican vote against the border wall? the president was watching. that is what he tweeted. i just love it when that happens. all good, ladies and gentlemen. all good. see the smile? neil cavuto. it is yours. neil: all righty. we have a lot going on here. we're also looking at president getting ready to leave, stuart, very, very shortly. he will go to the north korea summit in vietnam. there are a lot of growing impression what is would come of the agreement lack thereof here but the real focus seems to be what is happening on the china trade talks. the fact that the president is always looking forward to a signing event, that it is close to something. others are saying as a sign he getting a little ahead of his skis, whatever the case the president is optimistic a trade agreement can be had. he prefers to go to mar-a-lago to complete this, anybody's guess what could happen. the chinese a