it's going to be cheaper, then you also have the fact it's going to be made in nevada. that's a big first because they never made a car there and it's slightly less battery range for the car. back to you. maria: kristina, thank you. let's get right to "varney & company." stuart? stuart: good morning, maria. good morning, everyone. the u.s. and china are putting the finishing touches on a trade deal. the broad outlines are in place. "wall street journal" says the deal is in its final stages. they cut tariffs, we cut tariffs. they buy a lot of our stuff, we insist they stop selling -- stealing our technology. they pass a new joint venture law to end forced technology transfers. okay. the easy things taken care of, the hard stuff depends on enforcement. plans are being made for a summit in mar-a-lago. all looks promising. investors like it. ten straight weeks of gains for the nasdaq, a terrific year for stocks across the board so far, and this monday morning, it

looks like the dow will be up triple digits again. now, the dow still 800 points away from its record. i'm not going to forecast when we will hit a new high but many of the folks on the show this morning will say it's going to get there soon. then we have president trump, wow, was he on a roll at the cpac conservative conference. he hugged the flag, wowed the crowd, gave his unfiltered views on just about every issue including the federal reserve, and he defined the 2020 election. it's capitalism, trump, versus socialism, all democrats. and he repeated america will never be a socialist country. stay there, please. going to be a big day in politics and money. "varney & company" is about to begin. socialism is not about the environment, it's not about

justice, it's not about virtue. it's called power for the ruling class. we know that the future does not belong to those who believe in socialism. a great speech from our vice president, mike pence, talking about this very subject and talking about it beautifully. america will never be a socialist country. stuart: yeah, right. that was president trump going right after socialism at that cpac conference and according to a new "wall street journal"/nbc poll, 18% of all americans say they view the term "socialism" positively. who are these people? 50% view it negatively. greg valiere joins us now.

50% view it negatively, that's all? why isn't 80%, 90%? what's going on here? >> i think a lot of young people have been seduced over all the hype about socialism. maybe they don't know what's going on in places like venezuela but i think this is a passing fad. socialism is getting its 15 minutes of fame but i think it will become an albatross if the democrats continue to be identified with it. stuart: i don't see any way around that. i think the democrats are associated with socialism. many of their leading candidates are indeed socialists. i think they are going to primary out moderates who try to run against them like joe biden, for example. i think it's around their neck, greg. >> well, biden is their great hope, obviously. i would consider him a typical, you know, liberal democrat but not really a socialist. but with some of these other candidates, they are all going to have to outdo each other in the next year to sound more and more radical to win primaries, i

think this is a gift-wrapped present for donald trump. stuart: okay. stay there, please. more for you coming up. i also want to mention that president trump called out big-time the federal reserve in that speech. roll that tape. >> we have a gentleman that likes raising interest rates in the fed. we have a gentleman that loves quantitative tightening in the fed. we have a gentleman that likes a very strong dollar in the fed. so with all of those things, we want the strong dollar but let's be reasonable. i want a strong dollar. but i want a dollar that's going to be great for our country. stuart: quantitative tightening. if he had said that on this show we might have even buzzed the president of the united states. i think we would, actually. dennis gartman with us this morning. dennis, what do you make of the president again calling out the fed, even though it seems to me

the fed is doing exactly what the president wants him to do? >> i think the president made a very ill-decided position or took a very ill-advised position by calling out the fed as he did. it is one thing for a president to take the fed to task and to do it privately. it is completely another for a president to take the federal reserve chairman and the federal reserve bank itself to task and do it as publicly as he had. nonetheless, the dollar is opening stronger this morning. i am surprised, and stocks are continuing to go higher. it seems not to matter what they throw at the stock market, higher interest rates, stocks go up, lower interest rates, stocks go up. lower oil prices, stocks go up, higher oil prices, stocks go up. it doesn't seem to matter. seems like it's a bull market. doesn't matter what the president has to say. stuart: it's just a bull market. it's being driven internally. there's no single factor, it's just a bull market. we are on a run.

>> it's a bull market. every time i think the stock market gets to be a bit overbought, all it does is consolidate, turns around, goes higher again. it's amazing, it's astonishing. david stockman has called for a collapse of the stocks for, what, three, four, five, six, seven, eight, nine years i will stop when he turns bullish. stuart: thank you very much. i think i have one more for you but hold on for a second. i want to deal with the tesla news. elon musk is announcing a new suv. ashley: the model y will be coming out on march 14th. there will be 10,000 more than the basic model 3 sedan which comes out, that model is at $35,000. we assume it will start around $45,000 on this model y suv. of course, they have completely changed their business model, as we know, announcing they will go completely online, shut down their stores and you can just order, they claim, on your smartphone, one minute you can buy a tesla.

stuart: he's got a new model coming out before they have really gotten a grip on the old model. ashley: correct. stuart: they have a new business model. ashley: online. stuart: and they paid up on that bond. ashley: they made the payment. stuart: the stock is still at $300. ashley: he's also battling the s.e.c. stuart: thank you, ash. yes. teflon tesla. futures pointing now to a gain of over 100 points, maybe 106. 43 points up for the nasdaq as well. come back in, dennis gartman. you know, what's going to stop this upside move? what dark cloud do you see as a potential upset for the market on the horizon? >> i suspect there are two things could happen. the fed could make an egregious error and tighten too dramatically. that's not going to happen any time soon. or you could get some untoward, ill-advised, unexpected circumstance, geopolitically, that evolves. if you have to keep your eye on something, keep your eye on what's going on in india and

pakistan. that could become a very ugly situation. it will probably be either the fed making a mistake or a geopolitical problem. of the two, probably more likely the latter. it will happen when it happens. until it happens, it's still a bull market. stuart: since you started talking, the futures have gained an extra 10 odd points. i think you hit the market again, dennis. you moved the market, i should say. congratulations, young man. good stuff. see you again soon. thanks for being with us on monday morning. >> probably see you next week. stuart: yes, sir. hope so. look at this headline from the "wall street journal." u.s., china close in on a trade deal. greg, we know the bare outlines of this deal. you have seen it. does it sound like a good deal that the market can get behind? >> it's a fair deal. i think the trade hawks close to the president, peter navarro, people like that, are not real happy with it, but that's not the major point. i think the major point for the markets is that a trade war has been avoided.

that's a big deal. stuart: apparently xi jinping is going to europe and on his way back to china from europe, he will stop by mar-a-lago, florida and sign this deal. you think there's something in it for both sides, it's not like one's a winner and the other's a loser. it's kind of a balanced deal the way it's been presented. >> i think so. again, like many people, i have reservations about the enforcement, are we really going to be able to monitor it well, and to find that maybe a little dark cloud with all these silver linings, there's still a threat of auto tariffs. that's not gone. looks like the house is not going to quickly approve the replacement for nafta. lot of issues there. this is an unambiguously good story to avoid a trade war. stuart: the market likes it. greg, thank you very much indeed. always appreciate it. again, one more time, look at futures. we are still going to be up over 100 points. that puts the dow well above 26,000. big weekend for spacex, elon musk's operations.

the dragon capsule successfully docked with the space station. that's a big step towards sending humans up in this thing. they might go to the space station in july. real humans. got it. venezuela's opposition leader juan guaido risking arrest. he returned to his country today. guaido has been visiting other latin american countries since late last month. he's calling for nationwide protests against maduro today to coincide with his return. we have an update on that. congresswoman omar got into a twitter fight with her democrat colleague and made another what is considered to be an anti-semitic comment. here's the question. is there room in the democrat party for jewish voters and congresswoman omommar?

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stuart: well, look at this. it's monday morning. we are going straight up, all over again, for ten straight weeks the nasdaq's gone up. the dow has gone up 9 of 10, something like that. gone straight up in 2019 and we are going up again this monday morning. how about that. the "wall street journal" reports that at & t may shake up warner media with significant layoffs. tell me about this. ashley: they are breaking it up. they will merge parts of some divisions with others. you have will turner entertainment and hbo combining, forming a new entertainment unit headed by robert greenblatt, which the "journal" reported

last week. jeff zucker will head the media and sports unit. stuart: why are you laughing? ashley: you're laughing at me. the animation business is being transferred to warner brothers led by a new ceo there. trying to get the significant layoffs are expected as part of this reorganization. we do not have a number. [ speaking simultaneously ] liz: this is to take on netflix and disney. stuart: absolutely. more competition. ashley: absolutely. stuart: to politics. ilhan omar catching heat on twit er. congresswoman lowey said we must be able to decide without prejudice or bigotry. i'm saddened that she continues

to mischaracterize support for israel. i urge her to retract this statement and engage in further dialogue with the jewish community on why these comments are so hurtful. is there room in the democrat party for ilhan omar and jewish voters? >> i don't think there's room in any reasonable setting for ilhan omar and normal people. the problem isn't that she's expressing herself poorly in debate. the problem is that her beliefs are deeply rooted in hatred and anti-semitism. she's a hater. i'm going to say it, she is felfel filth. she has no place in congress. i'm outraged that nancy pelosi, speaker of the house, the most powerful democrat in america, appears in "rolling stone" hand in hand with her smiling this week. it's outrageous. stuart: that is a very strong word you used. >> she's a filthy, disgusting hater. so what she's in congress? that's the problem. the problem is they have taken anti-semitism to its worst, most base disgusting force and mainstreamed it.

when they let keith ellison, known to be the nation of islam spokesman, an islamist hateful group. founded by louis farrakhan, mainstreamed by allowing him to be deputy chairman of their party. it's got to stop. stuart: you used extremely strong language. >> yes. stuart: insulting language there. >> yes. stuart: you have used it. i don't hear other jewish members of congress saying the same thing. they are not making the same demands and not using the same language. >> absolutely correct. they are still playing politics. that's why people are beginning to say there's no room for jews in the democratic party. i think the older generation, it's beginning to happen a little bit but more and more younger jews realize this is ridiculous. they have this ghetto of jewish voters in the democratic party, it's built on them trying to exploit the jews and make the jews be afraid of the people who are their friends. when you have chuck schumer saying republicans are making israel part -- what does it

mean? president trump, who has moved the embassy to jerusalem, who stands for israel at the u.n. against the anti-semitism of the u.n. who has jewish grandchildren and their response is they are the ones saying we are going to stand now with the ones who hate us, we will put them in the foreign affairs committee when they say israel has hypnotized the world, that jews control the world through money, that the jews have some kind of -- this is the oldest form of hatred, the most vile form of hatred and has no room in public discourse. stuart: do you want your strong words, you are an adviser to the trump 2020 campaign, are you comfortable with using very, very strong language as an adviser to the trump campaign? >> listen, i'm using this as a jew, as someone whose family directly feels threatened, literally threatened, physically threatened in the culture being created by the mainstreaming of the democrats, by these kind of people. if someone is going to tell me they will talk to ilhan omar and she will apologize, not for her

words. she apologizes, then doubles down with another antisemetic tweet or statement. she has a belief system that jews are evil and control the world. that has no place in america in public discourse. it's got to go. stuart: jeff, we hear you loudly and clearly. thank you very much for being on the show. we appreciate it. thank you. check of futures, still up roughly triple digits. when we have that open of trading monday morning in about ten minutes' time. nasdaq, nice gain, too. an update on the story we have followed very closely for you. police in berkeley finally arresting the guy who allegedly punched the conservative activist right there in the face. just wait until you hear what president trump had to say about that. we will cover it for you. more after this.

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he took a hard punch in the face for all of us and we can never allow that to happen. he's going to be a very wealthy young man. i will be very soon signing an executive order requiring colleges and universities to support free speech. stuart: yes, sir, mr. president. hope you do that. the president there talking about the assault, you will see it again, an assault on the conservative activist at berkeley. an arrest has been made.

that's the news here. ashley: took ten days to find him but it is 28-year-old zachary greenberg who is allegedly responsible for this attack. he's being held on $30,000 bond in alameda county jail on suspicion of assault with a deadly weapon and with intent to cause bodily harm. he will be arraigned today in oakland. this was all because this young man was there trying to sign up people for turning point usa, a conservative group. this individual, zachary greenberg, not only did he not agree with him but he took it to that level of violence. stuart: there will be a lawsuit, i don't know for a fact, but i think there will be a lawsuit because berkeley didn't stop it. they are responsible because it happened on their turf. ashley: berkeley administration are the ones really under pressure. stuart: elon musk's dragon space capsule successfully docked with the international space station this weekend. big deal. president trump even tweeted congratulations.

here you go. we've got nasa rocking again, great activity and success. congrats to spacex. that's elon musk's spacex. big deal, liz. liz: this is a big deal. i'm excited about this because i'm so geeky. when this thing took off at around quarter to three in the morning on saturday, there were still crowds of people, a roar went out, people were so excited to see that plume entering the night sky. this was 2:49 a.m. local time. the first stage of it successfully stuck the landing in the platform in the ocean, what's critical right now is friday when it comes back into our atmosphere. it has to stick that landing in the ocean with parachutes. the aim is to have astronauts in this by july, potentially. this is the first time off of u.s. soil they have successfully shot a rocket, spacex shot this rocket, it successfully docked with the international space station. now the plan is to astronauts in it, human beings.

what an exciting thing. stuart: we will get there. look at it go. this is monday morning. when we open that market, we will be up for the dow, up for the s&p and up for the nasdaq, too. big day. here we go. we will cover it in a moment.

stuart: real close, about 12 seconds away. this market will open this monday morning and i predict confidently that we will be up about 100 points for the dow jones industrial average. i don't know when we are going to hit a new high but i think it might be soon. all right. the dow is off and running. we have opened this market and are on to the upside right from the get-go. 96 points right now, 108 right now, 110, going up some more. look at that. it's a sea of green on the left-hand side of the screen. that means broadly speaking, almost all stocks, groups of stocks, have opened higher. the dow is up 116 at this point. how about the s&p 500? that is up a similar amount, almost a half percentage point. the nasdaq, show me that, please, it too is up over a half percentage point. across the board, this is a monday morning rally. quick look at tesla. a new suv is coming, not affecting the stock that much. it's up two bucks. look at amazon. they are expanding their grocery

business. watch out, competitors. that stock is up 1%. $17. the new mining chief says barrack gold's $18 billion offer is not in the best interests for shareholders. minor quibble there. both stocks are down a fraction. that's it. all right. who is with me? jeff, debbie, liz and ashley webster as well. jeff, stocks have been on a great run. if there's a china trade deal and the "wall street journal" says it's being finalized, is that going to put stocks on an even more, another second leg up? >> here's what i have to say about that. i think the market is already anticipating that there will be some sort of trade deal. i think it's yesterday's news. i think it's going to be very anti-climactic when it's announced, when there's a photo op. i think people will begin to question whether we have the ability to enforce the provisions on intellectual

property which are the most important elements of this deal. so the celebration i believe has happened, it will get a little bit of a bump up, then the market will settle back into reality. stuart: what do you say, david, about this possible likely new trade deal? >> i agree with jeff entirely with one caveat. i think it's all priced in except for if they actually repeal the 10% tariffs president trump implemented last year. i don't think they are going to, but i really do not believe the market has priced that in so that could be an extra, you know, boost to the market if that surprises us. but i agree that not going up to 25% at this point is well priced in. i actually don't think the market cares as much in the short term about what those enforcement provisions will be on intellectual property theft. i think that's more of a political issue and it drives at the substance of the deal but as far as market sentiment, they

just sort of want to know that the worst is behind us with tariffs and we can get trade going again. stuart: look, this monday morning, we have opened in the first three minutes with a gain of, what, 117 points on the dow industrials. would you, liz, ash, is this because of the likelihood of china trade deal? liz: it seems that way, yes. i think it is. you know, to jeff's point, it was a positive that china saying yes, we will act on the i.p. theft issue. what's the enforceable mechanism? they are saying it will be administrative law, they will still do it but that's the positive, though. ashley: so far, it appears positive. stuart: wait a second. we have had a terrific run up in 2019 and i submit that the primary reason for that is the trade deal with china. am i completely off course? >> also, don't forget our good friend jerome powell, who gave the market the octane to get to where it was when all of a sudden, he went from somewhat of a hawk to a dove, backed off on interest rates. that got the market moving.

stuart: momentum today and in recent past is the china trade deal. liz: feels that way, yes. stuart: now we are up 113. individual companies and stocks, first up, tesla. elon musk says a new crossover suv is coming. it's called the model y. david, the stock is like teflon. is this the true believers holding on tight, never letting it go down? >> yeah. i mean, that's the entire story of tesla stock, for well over two years. it will stay that way until it doesn't stay that way. it bleeds cash like almost no company i have ever seen. the shareholders don't care and all they have to do is turn a profit and become a grown-up company before all their competitors come to market and start eating their lunch. that's it. stuart: strong stuff. okay. we have amazon planning to reportedly open dozens of grocery stores in several major cities nationwide. jeff, you are our amazon guy.

i guess you are going to say watch out, the competition, walmart, kroger. >> yeah, because this is amazon's attempt to offer more affordable prices than whole foods gets but my question to amazon is you are taking an initiative that can essentially cannibalize the whole foods consumers that are used to paying more money. in order for amazon to make this work, they need to be more affordable than everybody else and that's not whole foods' model. this is going to be interesting. liz: that's a great point. whole foods prices are trending down fractionally right now. the question is, can they continue to do that, keep the customer base and also switch to amazon go. will we see amazon go grocery stores, because that's been the model, too. ashley: it's such a small margin business in the first place. you drive those prices even lower, you know, how much are you going to get out of this? >> remove the tellers, put the technology in, make it distinct and maybe they can make it work.

but it does show that brick and mortar is not, in fact, dead. for them to get involved in this. stuart: that's true. check the big board. we are holding on to a triple digit gain this monday morning, with six minutes in. we are up almost 100 points. there you go. up 100. check the price of oil. we are at $56.85 this morning. no noticeable impact on the stock market. look at this. the price of gas just keeps on going up. now we have a national average of $2.42. just a couple weeks ago we were at $2.25, if i recall. there you have it. $2.42 right now. the "wall street journal" reports that at & t may shake up warner media with significant layoffs. the stock is down 1% there. this is all about their takeover of time warner, et cetera. it's really all about them positioning themselves to compete in the streaming business with disney and netflix. big names you know, they announced the closure of almost 500 stores, those announcements came in a 48-hour period.

gap, foot locker, l brands, jc penney all announcing closures. this is the retail ice age, it's really still going on, isn't it? >> well, it's the retail ice age for brands that were in the ice age or at least coming up upon the ice age. that story continues, this is more proof of it, but it isn't happening to every retailer. it's very selective. there are some that are thriving and some that are not surviving. that's what this story is all about. these are the more ice age category of retail names. liz: the brand that is thriving off of this is tj maxx because it picks up the inventory when a retailer goes bankrupt. they go in, take the inventory, put it at lower cost on its shelves. there have been 57 bankruptcies in 2018. i would hazard that half of them took their inventory, put it at tj maxx. stuart: that's interesting. >> i wonder if some of these

names could get government subsidies to open new places. stuart: very good one. okay. apple's chief tim cook reportedly getting very interested and bold, i should say, in apple's tv shows. some suggest that he's meddling? liz: people are saying where is apple tv, what's going on with apple tv. the word is tim cook and other executives are very hands-on with this. they are saying to their content producers and the producers in this unit don't put on mean content, nasty content. don't go negative. it's all family-friendly all the time, where you have a producer over at netflix saying i love the creative freedom. we still don't know the direction of apple tv. we know it will be like aquaman and mary poppins fare. stuart: is apple tv another streaming service at some point? liz: yes, it is. stuart: that's what it is? >> in 2012, i said that apple should buy netflix and i did say

it. i said it about 50 times on this show. the reality of it is that now they are going to be in family content. first of all, tim cook is not a creative person. he's proven that in the way he's run apple. he's not creative. he's an operational ceo. now they will take on disney, who is the king of family content and they are going to have a very, very hard time. i think apple is again, up against an animation problem and i don't think they are going to make any headway. stuart: what's wrong with putting some money into netflix and into disney and into apple and into at & t on the grounds they're all in the streaming business, they are all probably going to do reasonably well. twhoe they won't all win but they will do reasonably well. what's wrong with that? >> nothing. it's a great idea. stay away from apple. they won't be able to do it.

they made a lot of missteps. stuart: 11 times earnings. >> it should be cheaper. stuart: david, i will give the last word to you before i close this out. ten seconds. what do you want to say? >> i liked your idea so much until you threw at & t in there. the reason you can't do that is $250 billion of debt. that's going to be incredible streaming they will have to come up with. stuart: they pay a great dividend, about 6% at the moment. anyway -- >> that dividend is why i'm worried about it. stuart: oh, okay. time's up, folks. thank you very much, jeff, david. we appreciate it. let's see. wait a minute. david, you got a book due out. yes, you do. "the case for dividend growth." when does it come out? >> april 9th. i will be talking to you about it plenty, my friend. stuart: we will put you on the show for a commission. gentlemen, thanks very much. check the big board. we are up 115, 116 points. 26,139.

now, this could be a potential hit for president trump's border emergency declaration. senator rand paul says it would never hold up in the supreme court. paul and three other republican senators say they plan to vote against the president on this one. judge napolitano coming up on that. looks like we are close to make a trade deal with china. they will buy a lot of our stuff. we lift tariffs on them. they get tougher on theft of intellectual property. all of the above coming up, we think. we will talk to someone who advised the president on trade. is he happy with the way we just outlined the deal? your daily dashboard from fidelity.

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stuart: we are up this monday morning at 26,100. the grocery store chain kroger expands its ban on visa cards. that's news to me. kristina, what's going on? kristina: this is because it's a fight and the fight is escalating. kroger is banning visa cards at smith food and drug locations starting april 3rd. you have about 142 stores there as well as 108 stations. this is the second time they banned visa. they did it last year. the reason being, there's a fight going on about transaction fees. kroger believes visa is charging way too much to retailers, on average they charge about 2%, and this is according to kroger, they said the fees are excessive and higher than any other credit card brand. if you are listening now and you go to any of those locations,

you have a visa prepaid card or debit card, that's still good. they are still trying to work out their feud, though. stuart: what a story. kristina, thank you very much indeed. i will get to trade because the "wall street journal" is outlining what may be the shape of a trade deal with china. let me paraphrase it for you. china lowers tariffs on our stuff, we drop all or most tariffs on their stuff. china passes a new foreign investment law that makes it easier to combat the theft of technology. three, they buy a lot of our stuff, natural gas and agricultural products. four, they have got 30 pages of -- we've got 30 pages dealing with the theft of intellectual property. that's in the deal. 30 pages dealing with that. that's my best summary of what the "journal" says is going on with this trade deal. curtis ellis is a former trump campaign trade and jobs adviser. as i have just outlined the deal, as reported in the "wall street journal," what do you

think of the deal? >> well, let's be clear here. this deal is classified information. this is one of the most top-secret documents that exists in the u.s. government today. anyone who says they know what's in the deal is either breaking the law by telling a reporter or they are lying. stuart: i outlined it. does that sound like a deal that curtis ellis could live with? does it sound like a good deal for america? >> the question is number one, will the chinese agree to it. right now we have presented them with the outlines of a deal and now xi jinping has to decide whether they can accept it and will live with it. look, it must include, what we do know, bob lighthizer laid this out to the ways and means committee on friday, we must have strict enforcement, verifiable, with massive retaliation if the chinese don't live up to their end of the deal. he will not accept any deal like that. look what happened on friday.

president trump walked away from the table with kim jong-un. he cares more about nuclear weapons in north korea than he does about a china trade deal. he could just walk away from this deal if they actually do sit down at mar-a-lago at the end of the month. if they do. big if. stuart: i'm going to roll some tape from larry kudlow when he was talking about trade and the mar-a-lago summit, if there is such a thing. roll that tape, please. stuart: are we moving towards a summit in mar-a-lago later this month? >> lot of talk about that. it's not quite buttoned down yet but yes, i think you can expect that with president xi and president trump in mar-a-lago. stuart: now, the way the "wall street journal" puts it is president xi would go to europe first, then visit mar-a-lago on his way back to china, and sign the deal there. plans are being made for that. why are you laughing? >> i love the way they lay it out. and he's going to do it like this because it's a way to save face and not look like he's coming here just to make a deal and give concessions to president trump.

they've got this all figured out at the "wall street journal." it's a very nice tale, a nice story. is it real? we don't know. we don't know. stuart: you don't know what xi jinping will actually agree to. >> exactly. stuart: you know what we want. >> well, i don't know what we want. but if we take the "wall street journal" at their word, what we do know, we want a verifiable agreement that will have massive retaliation if they don't live up to their deal because every promise china has ever made, they violated. they have never lived up to any of this. we have been talking with them for 30 years. stuart: i understand your point. it's very interesting. curtis, thanks for joining us again. good commentary on an ongoing situation. that's what it is. check the markets this monday morning. we are up off the high of the day but still up, 87 points. 26,100 is where we are. something a little different for blues clues, remember that, and other big kids' shows. my kids watched it. it's making a comeback with

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stuart: old school kids' tv shows in standard definition

making a comeback thanks to streaming. join us in welcoming the creator of the popular children's shows blue's clues and daniel tiger's neighborhood, this lady right here. this is angela santomaro, the originator of blue's clues. you did that? >> i'm a co-creator. stuart: i'm in awe. my kids watched it vigorously. it's making a comeback, how? >> we premiered in 1986 and have had tremendous fans. they want it. we have 3d blues, 2d animation and a new live action host, josh, that we love. love him. stuart: it's being streamed, right? it's not being broadcast. it's a stream coming out. >> it's on nickelodeon. nick jr. yes.

stuart: it's not the high def stuff, is it? it's old school video. it's got that old school video quality. >> it was. now we are going to be updating it for the new generation. i do believe all the streaming and youtube and videos have kept us alive all these years. stuart: i think so. my grandchildren can now watch it. >> i'm very glad. they will be very smart for watching it. stuart: it was a great show. it still is. it lives on in streaming. i do want to get to your book. you have one in front of you here. it's called "radical kindness." the life-changing power of giving and receiving. first of all, please define radical kindness. >> well, radical means at the root, right, so literally kindness at the root of everything that you do, and the way you look at the world, because if you look at the world in a different way with a little bit more of that positivity and compassion and empathy, the world changes around you. it's science, right, it's not frou-frou stuff. it's based in science.

kindness has been at the bottom of the curriculum in every show i have ever done. you can see it in blue's clues, you can see it in daniel tiger's neighborhood. i talk to adults and i'm able to talk about all the science behind it. stuart: give me an example. if i wanted to be radically kind, if i were to change my character entirely and become radically kind, what would i do? >> you know, it's funny, one of my friends was telling me this guy cut her off in the street in new york city streets and she was so annoyed at first then realized he had cut her off to give a dollar to a homeless guy. if she would have thought in her head maybe he's going to be doing something nicer, maybe i wouldn't have been so annoyed. someone cuts you off in traffic, maybe you think that person might be going and his wife's in labor. there's just a different way that you might want to shift the way that you think. it's also changing those voices in your head i have, you know, that wicked witch of the west sometimes talking to me in my head, it's like changing that outlook on life to be more positive. stuart: radical kindness. i think you are on to something.

i like that idea. >> thank you. stuart: even for me. angela, thank you very much for joining us. appreciate it. president trump tweeting about fema, the emergency management people. here it is. fema has been told directly by me to give the a-plus treatment to the great state of alabama and the wonderful people who have been so devastated by the tornadoes. one of the best in our country has been so informed. she is working closely with fema and me. that refers to what's happened in alabama overnight. dreadful storms. more "varney" after this. more than half of employees across the country bring financial stress to work. if you're stressed out financially at home, you're going to be too worried to be able to do a good job. i want to be able to offer all of the benefits that keep them satisfied. it is the people that is really the only asset that you have. put your employees on a path

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stuart: the power of identity politics, the growing power of the socialist left, all on full display out there for all to see. i think the left has a big problem. item one, joe biden. he actually said vice president pence is a decent guy. that was a landmark. a leading democrat thinking about running in 2020 actually said something nice about a leading member of the trump administration. of course the left could not let him get away with that. mr. biden was indeed forced to walk it back. think about that. doesn't it show, one, the power of the left to force his walk-back? and two, their gross intolerance? yes, on both counts. but it also shows the weakness of joe biden. donald trump became president in part because he was not aid from to speak openly.

he didn't retreat behind a wall of apology. joe biden has done the exact opposite is. he caved at the first hint of opposition. that is not good in a presidential candidate. we're seeing the power of the left across all democratic candidates for the presidency. the soesists seem to have a lock on the nomination. they will go after any moderates that run the primaries, since the base runs primaries socialists look strong at this point. as policies get more exposure the judgment calls are coming in. the green new deal is socialist dogma, pie-in-the-sky dreaming or fantastical economic nonsense. the last one is mine. the real nature of medicare for all is exposed support for it declines. do you, and 150 million fellow americans want to lose your private health insurance and turn it over to government care? americans don't like being

pushed around. they don't like being told they have to give up private health care or personal wealth, or their gas-powered cars or jobs in mining, drilling anything else. the socialists force down their throats we don't like being spoken to like that. we don't like being forced into things. when middle america learns more about the pushing around by government, the socialists will find themselves exposed to simple truth, that is un-american and deeply distasteful, when joe biden can be pushed around you know has lost his own party. the second hour of "varney & company" is about to begin. e ♪ s. stuart: all right, we were up 116. now we're up 60. 26,086. big tech, where is that today? all of them are higher. amazon, we have an analyst at ever core raising a price target

on amazon, $1965 a share. it just crossed 1700. all big tech is up as we speak. the price of oil $56 a barrel this morning, not affecting the stock market thus far. you heard my editorial a few moments ago. far left con dates seem to have a lock for nomination of the democrat party. brad blakeman, former assistant to bush 43. brad, my assessment that the socialists have a lock on democrats nomination. >> i do. i remember democrats were subtle in their socialism. barack obama had obamacare. we sounded the alarm, this is just a prelude to single-payer. democrats, said oh, no, a way of putting more people in a safety net. what we found out? the truth is exactly what we thought it was.

single-payer system getting rid of health care in the marketplace. subtle liberalism has turned into militant socialism. democrats have to remember, the person you select is the person who has to be elected. if you select somebody who is unelected you will not get elected. the good news they will select somebody who is unelectable but donald trump has a record of accomplishment that will be hard to overcome. stuart: support for medicare over all seems to be falling among democrats. it is a morning "politico" poll, senator for medicare for all, down 12 points just in the month of february. that seems to imply the more people find out about socialism and medicare for the few people like it. >> go to the department of motor vehicles, you pick a number, see somebody in line you will never see again. that is socialized medicine.

you will be dictated who your physician is, who your health care providers are, what treatments you can receive. more importantly what treatments you can't receive. people don't like that. they want choice. the ability of a marketplace system is. if anything we want to broaden the marketplace. democrats, moderates especially fiscally conservative hate this and they don't like the lurch to the left. stuart: let me go back to joe biden, mulling, considering a run for the presidency, hasn't said a firm yes or no at this point, if he did run i don't think he could get the nomination. i think he would be primaried out. let's suppose he did win the nomination, do you think he would be a vigorous opponent of donald trump? >> of all the democrats announced, has to be 18 of them, he is probably the most dangerous for donald trump. joe biden is a known commodity, if he can fight off the left, appear to be more moderate than they are the question will the

party accept him but i think he can give donald trump a run for his money. stuart: you're not supposed to end an interview like this, only time will tell. that is true. brad, thank you for joining us. >> thank you. a pleasure. stuart: what president trump said about the federal reserve this is speech on saturday. roll tape. >> we have a gentleman likes raising interest rates in the fed. we have a gentleman that loves quantitative tightening in the fed. we have a gentleman that like as very strong dollar in the fed. with all of those things, and we want a strong dollar, let's be reasonable. i want a strong dollar but i want a dollar that will be great for our country. stuart: don't we all? james awad with us, do you

think, jim, the president should be saying those things publicly? >> no. i think it is unfortunate. powell is moderating his stance. trump was playing to his base, somebody to blame in the economy goes against him. the fed needs room in the economy gets in trouble to lower rates. they can only do that if the economy is strong. it was politically unfortunately intellectually not the right position. the fed has stopped becoming an obstacle. they have stopped becoming an on tack schedule. they are middle of the road. they are react tough to incoming data. they are not doing a bad job. i see what trump is doing. he is brilliant politically. it was fired up speech to his base. he endeared himself. stick with my. i'm the king, anybody who gets in my way, i'm not saying this negatively, he is just brilliant what he does and i think he is

set ising up the fed to take the blame if there is a problem with the economy. stuart: the statement, quantitative tightening, that was lost on me. >> that was a sound bite. you had quantitative easing, but it now you have a quantitative tightening. where donald trump's people don't do anything that will hurt him. i want to emphasize the fed needs room should the economy soften to lower rates closer to the election if that is appropriate. stuart: it looks like we're close to a trade deal with china is that what is motivating this market? look we've again straight up since christmas eve. is this hope after china trade doing it? >> it is hope after china trade deal and the the change in the

fed. you came from a very low base in december going forward i think we have momentum if we have a trade deal that we could possibly make a new high. the biggest reality check when companies report earnings in april and second quarter and full-year earnings. for the markets to make more progress with the markets up 11%, you have to see earnings estimates raised again. they have been declined and cut. companies have reduced expectations f the market is expecting 3% earnings growth, 11% increase in stock prices. you have a increase in valuation to fair level from below level. the key in the first quarter is getting a trade deal done and companies raising earnings estimates. stuart: if we get both of those things off we to. >> then we're good. stuart: james awad. >> a pleasure. stuart: remember this, president

obama, 2016 proudly standing in front of the mural of chair -- che guevara while working out ties with cuba. president trump might put more sanctions of cuba now because of it is support of venezuela disputed president maduro. president trump invited hayden williams, who was attacked at berkeley, invited him on stage. trump vowed to sign an executive order on free speech on campuses. i want to know what that executive order would look like. new york governor cuomo begging amazon's bezos to reconsider. is there a chance amazon could bring their headquarters back to new york again? will they do that? we'll find out. you're watching the second hour of "varney & company." ♪ r me.

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stuart: rally almost completely faded. we were up 120. at&t, "the wall street journal" says it may shake up warner media with significant layoffs and merge parts with other divisions. more importantly at&t has $250 billion worth of debt and that is why the stock is undo 1 1/2%. just touching $30 a share there.

venezuela, john bolton, national security advisor says we'll continue to tighten financial restrictions on cuba's military and intelligence services after reports of possible new sanctions on cuba because of its support for maduro's regime in venezuela. joining us the senior foreign policy scholar at the cato institute. doug, welcome to the program but first of all, tell me what on earth happened with the special relationship we built with the cubans with president obama back in 2016? >> challenge of course is that the communist regime never wanted to go away and that special relationship was never really going to change them. the hope was to change other cubans, build up a private sector. the raul castro is still alive, he is still around. his followers are still in power. stuart: doesn't seem that we got much out of that deal with cuba if they have now got their

military and intelligence people in venezuela propping up ma during rethat we'll sanction cuba. we didn't get anything out of that deal, did we? >> what we got out of the deal americans may have missed it helped build up a private sector down there. you have taxi drivers, air b and n people, that kind of thing. what the administration wants to do make sure it hits the bad folks. you want to hit the military intelligence services. you want to hit the regime. you don't want to hurt the private sector which is about 40% of the jobs out of the government's control. in the long term that is good for us but the regime remain as bad one. you have bad folks in venezuela. you have even worse folks coming in from cuba to help them. that is our challenge in terms of policy. stuart: we're clearly putting the screws to the disputed president maduro in venezuela. how long do you think he has

got? >> it is hard to know. at the moment the military is still rallied around him. some common soldiers who are defecting. you don't have the regime breaking yet. on the other hand you have a population starving. 80, 85% of the people want him gone. he is going to fail, the challenge is, a lot of people are going to get hurt in the meantime and that is what we're fighting. stuart: is this a key day today? juan guaido is reportedly going to get back in the country today. this is a key event, isn't it? >> yes. it will be very interesting to see what the maduro regime does. do they arrest him, turn him into a martyr. what do they let him do? they have no good choices. they failed and no one can look at the situation to doesn't they have failed. as long as they have security forces behind them they can prop up the regime. stuart: we'll see how long they prop up for. doug, keep in touch. >> happy to be on, thank you.

stuart: a hacking good connected to north korea is believed to behind a big cyber espionage campaign. were they attacking and hacking during the summit, liz? >> according to mcafee. this is the cyber experts watching this happen in real time. unfamed law enforcement agency cave mcafee to a command and server by the north koreans to hack this happened during the summit. 100 plus entities hacked, we're talking in the oil and gas sector, banks, utilities, the defense sector. so the hacks were widespread. it happened not just in the u.s. but also in europe, germany, the uk, and in africa. stuart: that was going on during the summer? >> it was going on during the summer and may have launched in 2017. north korea is accused of "wannacry" attacks that hit 150 and now sony attacks this is

older and more complex than originally report. stuart: this report, they department it up, even during the summit. ashley: incredible. liz: that is according to mcafee. stuart: mcafee. talk about tesla. they had a painful friday. they're trying to change the news, elon musk unveiling a crossover, he will unveil it next week. he announced it kind of thing. not working though. i notice the the stock is it down some more. steven spielberg reportedly not so happy that netflix won an as core or two. he is trying to block the service from getting any oscars in the future. netflix is firing back. we have the fire back next. ♪ - i think the best companies succeed as a team,

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stuart: eli lilly, the drug company, hit a record high. the company is going to introduce a lower priced insulin injection but it's down now. the stock is down now along with the rest of the markets, okay? we lost the high. the whole market seems to be coming down a little bit. next case, steven spielberg is taking health for his plan to block netflix films from oscars. hey, ash, what is the plan? ashley: he is the current governor on the academy directors board, what he wants to do, wait a minute, they are netflix, debut streaming or very short run in theaters, these are notes car films to be considered, these are for the emmys, in other words tv films is the category he believes these netflix movies should be put into. he will try to introduce the plan, get the board of directors

to the academy to agree with him. stuart: what does netflix say about that? ashley: they're fighting back. here are some of the things we also love. access for people who can't always afford or live in towns without theaters, letting everyone, everywhere enjoy releases at same time giving film makers to share art. these are not mutually exclusive. he is getting a lot of netflix. netflix, "roma". got three oscars. netflix got four oscars. they believe netflix deserves a seat at the table for the movies they put out. stuart: a way of the future. ashley: they say it is not traditional film making. it is not handled in the same way. what would be interesting to see whether he win this is argument. stuart: that is very big a big one. liz: good point. stuart: how about the apple tv?

ceo tim cook is reportedly getting involved in the creative side, the original side of apple tv content. what is that about? >> headlines are crossing too. of a heavy hand, too intrusive, too much meddling, to the point people in apple tv are getting exasperated. apparently tim cook only wants family friendly content. netflix says there is freedom. shonda rhimes. nix "carpool karaoke" is too vowel garr. stuart: don't do that. liz: apple tv, going after the disney family friendly content? we've been saying for years where is apple tv in the streaming wars. they feel like a non-entity right now. they are coming ahead, they have great content. stuart: he wouldn't like "carpool karaoke"? >> vulgarity.

stuart: i like it. that is why tim cook doesn't want it. all right. now this, there is a study, it is on facebook, facebook says people are trusting the internet less and less. what could derail that social network? our next guest says there are two ways to derail facebook. he will explain it all. rand paul joining three other senators who will vote against president trump's emergency order. if trump veto's the action, the supreme court will strike his veto down. we're on it. back in a moment. ♪ what if numbers tell only half the story?

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♪ baby you're a rich man stuart: trying to put me in one of good mood with one of my favorite beatles songs. what are we stalking about movie? liz: what movie is this about? stuart: social network? what are you talking about about? what are you talking about. >> they're taunting you. liz: thinking about beatles movies, not the facebook movies. we're thinking beatles movies, not the facebook movies. stuart: i better get on with my life. producers in your ear who know nothing about the beatles. you have a real problem every morning. ashley: oh, boy. >> did you hear what he just said? stuart: we're up 64 points now. i will get this thing back on

track. liz: here we go. stuart: 26,091. big tech, let's deal with that fast. is microsoft up? yes it is up. what a day this will be. facebook, microsoft, all on the upside. >> no wonder is happy. stuart: alibaba, home depot surging after announcing a joint partnership. alibaba a china play. i own some of it. take a look at this headline, kentucky senator rand paul, i support president trump but i can't support this national emergency declaration. judge napolitano is with us. senator paul says if it gets to the supreme court the supreme court won't accept it, will overturn it. >> this is he is saying because of the famous steel seizure case in 1952 the entire steel industry went on strike. we were fighting korean war. president trump man says give me

money to take over steel industries to hire non-union workers. congress said no. he signed an executive order anyway. within two weeks supreme court ordered him to stop. that is almost directly on point. i think what senator paul is referring to. i fully agree with him. i agree with republicans need to do something at the border we need to do it lawfully. otherwise a president pelosi could take a gun emergency and cone fist kate handguns. a president cory booker could declare a national health care emergency, start paying people's health premiums out of federal funds. stuart: i think you made your point. let's move on. two items here, number one, an arrest has been made in the assault against that young conservative activist in berkeley, an arrest has been made and president trump is saying he will sign an executive order on free speech on college campuses. let's roll that sound bite,

please. >> he took a hard punch in the face for all of us and we can never allow that to happen. he is going to be a very wealthy young man. i will be very soon signing an executive order requiring colleges and universities to support free speech. stuart: okay. an executive order enforcing free speech on campuses. what would that look like? >> don't know what it would look like it is superfluous and dangerous. it is superfluous, federal law already requires those receiving federal funds to honor the first amendment. stuart: therefore those who are attacked banned, should be able to go to court. >> all schools that accept federal funds. this is state school. this is university of california. it is owned by the state. they have every obligation to

abide free speech but the speaker was not a student. the perpetrator was not a student. and university police arrested the perpetrator immediately. i don't know what more they could do. stuart: but it was on university ground. >> correct. stuart: the attack took place on university grounds. if it was anybody else, i mean if it was me that bashed somebody i would be sued immediately. >> because you're worth so much. stuart: but you know what i'm saying? >> i know what you're saying. here is the dangerdy, the arrest was not immediate. ashley: 10 days. stuart: 10 days. >> i don't know enough about the facts -- but i do know -- stuart: whoa, judge be careful. >> an executive order on free speech commanding universal application of free speech. could be dangerous. what does that mean? not enough conservatives in the sociology in the department. not enough libertarians who spoke. nobodied is to speak. do you want the government monitoring sweep. i don't and the first amendment doesn't. stuart: availability of free speech is something which i

think our federal post -- government should enforce. >> it is already the law. it should enforce it. the president has ability to withhold funds from schools that don't honor free speech. stuart: i wish he would with hold funds. that is rampant on college campuses outrageous. >> did we come to the same meeting of 9 minds, varney? stuart: i don't know about that nap -- napolitano? facebook commission studied, they found people don't trust the internet. okay, fair enough. what else? the stock is at 165. we have a guest who says look, there are two-ways that facebook could get really hurt from all the bad pr they are petting recently. jim anderson, social flow ceo. i, people stop using facebook, that is the number one way that they could get hurt, right but

that is not happening, is it? >> not happening not to any significant degree it really starts and ends with consumer attention. as long as facebook is compelling destination and people there to use it, spend their time, advertisers will follow and the money will follow. stuart: there is no sign they have any kind of competition that could rival them for reach and competition. >> everybody is competing for screen time. facebook happens to do it in particular way. it is not just facebook, it is instagram, whatsapp, the facebook messenger. facebook is becoming much more than facebook the app. stuart: we're looking at facebook the stock, looking at finances, looking at all the bad pr and you're saying there is one way, two-ways that they could get hurt and that is people stop using facebook. that is not happening. >> right. stuart: number two, declining, declining interest by advertisers? >> right. because that is how facebook makes their money. if advertisers pull back, you will periodically see reports

where brands are concerned about brand safety. it is happening to google and youtube right now, but that tends to be temporary. advertisers will follow the people. if consumer attention is there the advertising dollars will almost always follow that at least in the long term. i'm having a hard time believing advertisers will pull back until or unless consumers pull back from the usage of the apps. stuart: facebook has instagram. that is ruling the roost. >> we have statistics showing instagram taking off like crazy. people say i don't like facebook so much. i spend time on instagram. they're owned by the same company. mark zuckerberg wins either way. stuart: if i send instant messages is facebook reading that? >> facebook the company or the app. one of stories came out, we had so many stories, mark zuckerberg issued an order he wants to unify the back indwhich by the way is a smart technical. why should you have a difficult back end infrastructure for

facebook, whatsapp, instagram. he wants to unify that. you could have a way that facebook message could be portable to facebook or instagram. that is not possible now. stuart: as it stands facebook's business model is not in danger? >> no. stuart: and their profits are not in danger? >> certainly not. stuart: the position of leader in global networks not in danger? >> not in relatively short term. we know government intervention is topic of discussion not just the u.s. but maybe more in the eu and other places. facebook's biggest concern is government regulation. that is big tech conversation in general. not just facebook there. there is a lot of really substantive discussions what should we do with big tech and how should government be regulating. stuart: immediate impact zero, facebook stock holding up at 165. >> yeah. stuart: jim always appreciate it. thank you, sir. let's get to bryce harper philadelphia phillies jersey,

broke 24 hour sales record, a day after he was announced as the newest member of the team. harper's introduction of the team drove 5000% increase in fillies merchandise sales compared to the same day last year. it was announced last week that harper would sign a 13-year, 330 million-dollar contract with the with the phillies. >> president trump him he is a great president and one of the smartest men he ever met. we'll tackle this one with the favorite residents of the formerly golden state. he will be with us in the studio. new york governor cuomo begging bezos to reconsider. i wonder if there is a chance that amazon would bring the second headquarters back to the empire state. would they do that after all the abuse? we'll ask the question.

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♪ ashley: president trump called out the fed at the cpac conference but market watcher dennis gartman said, well, didn't have any impact on the market. take a listen. >> the president made a ill decided position or took an ill-advised position calling out the fed as he did. one thing for a president to take the fed to task, to do it privately. completely another for the president to take the federal reserve chairman and the federal reserve bank itself to task and

do it as publicly as he had. nonetheless the dollar is opening stronger this morning. i am surprised. stocks continue to go higher. seems not to matter what they throw at the stock market. ♪

stuart: the top guy at newmont mining says barrick gold's 18 billion-dollar offer is not in the best interest of shareholders. the both stocks down a fraction. look at bed, bath & beyond taking it on the chin. the shares are down 4% because barclays downgraded beth bath beyond. how about this one, new york governor andrew cuomo begging amazon chief jeff bezos to reconsider to bring the second headquarters back to new york city. do you think they will come? former lieutenant governor of new york, betsy mccaughey. >> i hate to be bearer of bad tidings but the chances are zero. stuart: why? >> they haven't given any consideration to reconsider. even the governor still reports no means no. but this is a sobering lesson for new york, really for the rest of the nation because the fact is new york city and

new york state are dominated by one political party, a political party moving so far to the left it is becoming a wrecking ball, demanding ever-higher tax rates, more than that, hiking costs on the very things that matter to businesses and middle class workers. for example, now it is becoming unaffordable to take an uber-even because of recent surcharges for the mta, that is their mass transit line here. and also for congestion pricing. electric prices already the highest in the nation, they will go up by double digits because of governor cuomo's position against fracking, against gas pipelines, against nuclear energy. what is happening here is that the city and the state are becoming so anti-business that amazon really escaped by the skin of its teeth. stuart: not so much, i agree so many ways with the city and the state, i got it, but really the far left has veto power.

>> oy, yes. stuart: everywhere in the country against any big company that wants to move in, to get any kind of incentive to move in. the left, the socialists have veto power. >> not only against incentives but how about requiring total unionization? that is one of the big issues in new york where the governor and the mayor insisted that the union heads do the negotiating with them and they made it clear that amazon was going to be totally unwelcome and facing real union strife if they didn't unionize everything that would be the end of free shipping by the way. stuart: where does this leave, like the detroits of this world? because they surely would like to invite the big guys in, invite technology in. >> that's right. stuart: new economy but they have got a far-left fringe we don't want anything to do with big business and walk away? after all if you were jeff buys soes, if you were one of the executives going to come to new york, how would you feel about moving here, then finding

you have a group of radicals camped outside your house screaming at you that they hate you and you're a racist? >> they narrowly dodged this bull lit to other companies. stuart: they narrowly dodged a bullet. >> it would have been useless strife year off year, demand after demand. that is what you're seeing on national level. demands on the far left pushing entire democratic party to the left. you discovered what happened to poor joe biden had the to say is somebody in the republican party was a decent guy. the nerve. stuart: how can you be president of the united states, if in a campaign you reversed yourself, tough apologize to somebody because you say, he was a decent guy? how can you if you cave like that, are you fit to be president of the united states?

>> this is lesson to urban voters, most of whom never go to the polls. look how small participation was election of mayor de blasio? it was so small, most people stayed home. now they are rueing the day, because their city, just like it was in theey 70s when new york was headed down very, very fast, it is reliving unfortunate years, where the costs are escalating, all the rhetoric is against business. we can't afford that. no city can. stuart: you're right. thanks very much indeed, young lady. we appreciate you being with us. >> thank you. stuart: bring those grandchildren. they got british accents. >> they certainly do. stuart: elon musk says, tesla will unveil a crossover model next week. it is the model y, after pretty painful friday last week, he came out with that. are they just trying to change the script? we're on it. check the big board.

a very slim rally is holding up, 30 points. that is all we got. back in a moment. ♪

stuart: i got to say looks like we're about to lose the rally entirely. when the market opened we were up 120 points. now we're up five, that's it. four points higher. there you have it. tesla, the company's chief elon musk says, he will unveil a crossover suv in los angeles late they are month. gary gastelu with us, foxnews.com automotive editor. why are they introducing a new model when they barely gotten the other model 3 going well? >> seems like they need some good news. last week wall street was not impressed by direct sales. sec complaint. there is a fatal crash under investigation right now. over the weekend a lot of current tesla owners started complaining, they dropped high-end of models last week, the value of their cars they might have bought a couple days ago dropped precipitously. stuart: they're trying to change the subject. >> last spring tesla in middle of issues, musk unveiled that he

would unveil the model on ides of march, march 15th. i think if things better last week with the stock price we wouldn't see this. it will not go on sale until late next year. stuart: late next year? >> 2020. stuart: tell me more about the y, if you got it? >> they will build it probably in nevada, also shanghai, china. shares a lot of parts with model 3, 75% of the parts. should be easier to get up and running. from shadowy images so far, looks like a straight crossover. will in the have the cool x-wing doors that the falcon is having. tesla fans are interested. if you are about to pull trigger on model 3, now you see this, you might wait another year. or people already excited might have bought their model 3. stuart: you get to test cars all kinds of cars, don't you? have you test driven the model 3.

>> not the model 3. i'm setting a up test drive pretty soon. stuart: higher end ones? >> yes. stuart: everybody i know that has a tesla, they love it. it is wonderful car, powerful, great acceleration, rest of it. how would you rate teslas that you drove. >> they are great to drive. "consumer reports" got rid of recommendation based on quality. the own letters say it is most satisfying car in the world. people actually buy it. they can live with the little problems it has, at least ones that purchased it up to this point. stuart: acceleration gets you. takes oaf like a rocket. >> electric cars, so immediate. normal cars, transmission downshifts and engine revs up. they have more power than other cars. stuart: how does the test are stand up against other electric cars. >> chevy bolt is more after economy car. doesn't aspire to be performance car along the lines of thieves. these are really good.

people really enjoy driving them. they have the range, the charging time is only issue. go to the supercharges get quicker charges. takes half hour, hour, decent charge on a long trip. there is lot of appeal with the electric cars. i have driven very few aren't good since they got past the range issue. when they came out they only went 60 miles on a charge. stuart: gary, thank you very much. here he comes, everyone. endless investigations will dominate politics next couple years. maybe more important fact though since the election the dow has gone up by almost 8,000 points. so for all the noise, all this scandal, your money is still doing pretty good. tell you more about that at the top of the hour.

stuart: here come the investigations. it will be endless. the media will obsess all over again who met who and where, what they may have said. what you will see for the next two years will have little to do with donald trump's presidential campaign. this will not be about russia, russia, russia. no, most of the investigations will focus on donald trump's business dealings or his taxes or his money. this is deliberate. the intention is not here to prove a impeachment case. speaker pelosi knows a failed impeachment case up to 2020 would be a disasterous for

democrats. paint him as a very bad guy who shouldn't have a second term a nasty billionaire willing to cut corners to make money. note to democrats in 2016, voters already knew what they were getting and they voted for him anyway. america was looking for somebody to break the mold and they got it. now trump has gop through with a dynamite economy and a strong foreign policy all the democrats have is socialism and he's a nasty guy. one last point since the election the dow has gone up by almost 8,000 points. throughout the last two years, the steady drumbeat of scandal and accusation has been thrown at the market with little effect. as these investigations continue, the hate trump crowd will make a lot of noise. it is socialism that you have to worry about though, not president trump. the third hour of "varney & company" is about to begin. ♪

>> we will be issuing document requests to over 60 different people and individuals from the white house to the department of justice, donald trump, jr., alan weisselberg, to begin investigations to present the case to the american people about obstruction of justice, corruption and abuse of power. stuart: well, that was congressman jerold nadler, the democrat overseeing the house judiciary committee. these endless investigations he is part of them, going after president trump. charles payne host of "making money," and loose is a booth, fox news contributor. first to lisa, if i may, i say we're in for two years of this. >> absolutely. it will be very frustrating for the president over the course of the next year. the objective of democrats to damage president trump at all costs. we saw that on full display when democrats chose to have michael

cohen hearing when president trump was in vietnam trying to deal with nuclear north korea. obviously the intent of having that hearing that day to distract what president trump tried to accomplish from north korea. very important meetings. stuart: there is commentary that said, those nasty hearings last wednesday i think it was, coincided with the summit, affected the president at summit, made him almost walk away because he felt he had to. do you think there is any merit to that? >> yo no about that. dealing with north korea there is not a lot of great options in front of you. sanctions front president trump is very aggressive and north korea wants sanctions relief. china holds the cards. there are reports that countries are not following through with the u.n. sanctions as well. that is the issue. any sort of military option would bring iter devastation. pentagon responded to two members of congress only way to

get rid of north korean nuclear weapons is ground invasion. there are 25 million people in seoul t would be devastating. there is not a lot of options. stuart: the base question, two years of these investigations into every aspect of the man's life and family, does that hurt him politically and stop him achieving some goals in his next two years? >> it certainly has an impact to work with democrats. if you have democrats targeting you at all costs that will have an impact on president trump's desire and willingness to work with the other party. there is a danger of democrats of overreaching. gives president trump a foil to go after, make him look like the victim. that this is a witch-hunt which he made the case with the mueller investigation as well. so we'll see, right? we'll see -- stuart: my opinion is this, i don't think america wants two more years of very nasty, intrusive investigations. ashley: no. drip, drip. stuart: i don't think america wants that. i think america gets tired of it. >> ashley doesn't want.

>> drip, drip. i don't think changes anything. stuart: we won't sit still for this, lisa. >> we'll see in november of 2020, right? i do think -- stuart: i don't think they will. i just don't think they will. >> the point being i think it very well could backfire in the sense americans get frustrated and becomes tiresome as you're seeing mentioned earlier, there will be investigation literally everything regarding president trump. now they're going after his kids. it does look like democrats are definitely heading into the direction of overreach. stuart: let's see how, only time will tell. ashley: brilliant line by the way. stuart: only time will tell. lisa, thank you very much, indeed. appreciate when you're on the show. >> thanks for having me. stuart: second time out. charles payne is with me. he is a money guy. so i have to ask him the obvious question. we're up almost 8,000 points in the last two years since the election. >> right. stuart: all that time we heard russia, russia, mueller, mueller, and it hasn't hurt the

market at all. i say these investigations won't hurt the market either. >> i agree 1000 percent. democrats put everything they had into the mueller investigation, looks like they drilled a dry hole. over the weekend i'm seeing headlines, here why the mueller investigation disappointed everyone. here is what is next. they said i'm betting it all. they built up his reputation. built up his accomplishments. every time he subpoenaed someone, every time they arrested someone built this thing up. i don't want to disour friend geraldo this, is al capone's vault. anything else after this, telling you right now, listen, new "nbc/wall street journal poll," trump's numbers done up in the last month. strong ratings on president trump gone up in the midst of all of this. now the dems are saying, hey, we think the mueller thing will be a dry hole. we'll do our own investigation. you said mueller was the ultimate investigator, what will

you do? going down all the paths they will look like bitter people. i'm telling you they are speaking to a small, small part of their constituency who mate donald trump and not to a whole lot of people who would like to see america do better. stuart: while you still have the fire in the belly here, charles, i want to ask you about your spat with congresswoman alexandria ocasio-cortez over the weekend. >> yeah. stuart: take me through it, go through. >> start at the beginning. goes back to the mark meadow hearings with representative talib who made pretty tough accusations towards mark meadows. was visibly upset and by it. elijah ecummings said he was best friend. someone a person of color, hires a people of color, working for them, doesn't mean they aren't racist. the fact someone who actually

use a prop, black woman in his chamber, in this committee alone is racist. and then of course, she put that tweet out aoc came to the rescue saying that was total bravery. yes token i'm is racism. so i tweeted @aoc. how many black people do you have? i never seen a picture of black person on her staff. seen her and her staff. i was curious about it. she finally got back to me. well we have black people on staff. we don't parade them around to show the world how diverse our team is and use them as some evidence of the absence of racism. that is what tokenism is. so i replied once again, thanks for getting back. it is disappointing rhetoric to suggest people are paraded and belittling hiring of black people as tokenism. questioning their accomplishments is even more problematic. you get that. by the way some of the black folks on your staff may want to be visible. bottom line, we're in awkward

catch 22 in this country, now if you have do hire a black person it is racism. i'm not here to say racism doesn't exist. it does. there is still long way to go, by the same token i'm extraordinarily proud how far we come as nation. i look around the world. i look europe, we put europe on a pedestal. they haven't had a black president in any of these countries that supposedly nicer to black people than america. they have not made the economic strides that black people in america have had. they have not made the political strides that black people in america have made. this country has its warts, has the history, has current issues but now, when you start to question lynn patton's qualifications be careful, be careful. i say this to anybody, no matter what race you are, you go to a job you're not yet qualified, you want the gig, the person on the other side of the table will have to look beyond your resume'. this is for all americans. we all at one point in our time,

i've been this desk for a few years, i want this job. someone may say, you're not 100% entirely qualified. there is intangibles to life. if we dissing people, question people's qualifications. some people say an ex-barred tender shouldn't be a congress person. stuart: you haven't lost your fire. thank you, young man. see you later. senator rand paul says he will not support the emergency declaration for the southern border, making him the latest republican to turn away from the president on this issue. is there a split within the gop? sure looks like it. we'll is ask kayleigh mcenany about that. california governor new some made resisting president trump a key part of his agenda. the president says newsome has nice things to say. i'm getting tied here. the president says new some has nice things to say about him

when the cameras are not rolling. is this start of a new relationship. larry elder will sum it all up for us. ♪

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stuart: the president and

california's governor, gavin newsom have not a rosy as to relationships until president trump had this to say about him at the conference over the weekend. roll that tape. >> he called me up the other day recently, four weeks ago or so. i just said. and then he did start talking about in all fairness additional money for fire, which is okay. that's okay. we have great talk spirit and meantime i like him. stuart: i think we bring in the voice of reason, larry alder appeared >> at the low bar with some of the people we have there. stuart: what's going on here? >> one of our favorite left-wing congressperson to commend this one is about the benjamin spirit gavin newsom wants money for

fire protection and he canceled billions of dollars the federal government gave california. trump said he wants it back. newsom said you're not getting it back and all of a sudden he is calling them back and kissing his you know what appeared stuart: part of the reason that dreadful fires in california last year was that they've not cleared the property properly. they've not been allowed to do forest conservation work. the environmentalists all stopped him. newsom doing a full turn and saying just give me the money. >> that's right. the outgoing governor, jerry brown who is responsible for some of these policies realize he was wrong and when he left office he said we need to change her conservation policies. gavin newsom is doing that. he wants my money to do so. stuart: it's going to be huge clash. the militiamen of a single tree trunk. >> they recognize the fires are worse because of the environmental policies.

stuart: long-term they are. short-term they recognize these trees have to be cleared in the environmental policies have made it unproductive to do so. stuart: so your voice of reason has had some effect on other people in california. the mica wouldn't say my voice of reason, but when jerry brown becomes a reasonable person that's why i say the bar is pretty low. governor moonbeam. stuart: you brought full circle very cleverly. in california, sales of homes and an 11 year low and we hear that henderson, nevada is now full of california people making it the second largest town in nevada. is this all about salt taxes? >> not all about soul but that's a big factor. also because of the environmental regulation, zoning regulation. a regular guest on my show estimates because of all the environmental rules and regulations the cost of housing

in california is artificially increased by almost 50%. that's what's causing a lot of people to leave. absolutely outrageous. the idea is to build my heart sing. projects are stopped. 10 years ago there was a massive project on the borderline of ventura county and l.a. county and people like rob reiner and martin sheen all got together and stopped it. would've been 3000 houses. the state openly came in and bought came in about the landed now keeping it preserved us a natural habitat. most people wanted housing. stuart: do people in california agree with aoc the world is coming to an end in 12 years, or not big on climate change? >> they are. gavin newsom ran on a platform for climate change. every lefty is talking about climate change. kids that we did see dianne feinstein in california.

they essentially believe if we don't take some drastic action there are going to be done in 12 years. suing the federal government. that's a political thing going to the polls. >> if they took everything to stop all carbon dioxide would have zero effect on the overall climate change in plan it. it's indoctrination. you've got all these kids cared that it raises money for environmental groups and that's how it works. stuart: local-area common and you live in california, but you're here in new york today. >> when i retire i do plan on going somewhere else that's a little more hospitable to people like me. stuart: texas? >> will see. stuart: larry elder, you're all right. appreciate it. check that word. when we opened trading on today up 120 points on the strength of the likely trade deal with china. that likely trade deal with

china is still better than his headlines but the market is totally lost the rally and now were down 40 points. 25,986. next case was a success in the program. one teenager in idaho making a lot of money after creating a custom fishing pole. he's selling them in stores and online. he's going to join us later this hour to tell us how his business is growing. by the way, he is 17. check this out. cell phone video shot from the front seat of a moving car catches an avalanche rolling three kenyan and colorado. according to the person who took the video, and most did not make it to the road and no one was injured. closed on a major interstate. that's what anomaly which looks like. don't get too close. ♪

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internet commentators were so baffled by the size they claimed it was photo shopped. it was not. 700-pound 13 so long. we told you about the crew dragon capture launch at cape canaveral. as a resounding success. the international space station yesterday for 27 hours of travel. it is the first american-made craft designed to transport humans to dock at the iss in eight years. engineers at m.i.t. have developed a smaller version called the cheetah it's a mini cheetah for obvious reasons. it can do a perfect backflip. it weighs 20 pounds compared to 90 pounds for his big brother. he can gallop along five miles an hour. you're right, that thing is creepy. which is up in witches down. trump may sanction cuba because

of it support for the madura regime in venezuela. opposition leader guiado may try to reenter the country today and we're on it. shaping up capitalism for socialism. new poll in the journal today. only 50% of people have a negative view of socialism. that seems like an extraordinary low number. this is socialism. you'd think people hate it. i guess is that socialism is not only dangerous but is also evil. those are not shortly. ♪

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stuart: there is a reason why the dow has done a complete turnaround. we were up 120 right after the opening bell. we are now down 130. the reason is construction spending came in week. it was down 26%. an increase had been dead. when that number was released the market started to fight and we are now down to 25,900. the s&p 500 are very similar very down one third of 1%. that is down less than the dow. how about the not that? that is down about one third of

1%. the big losses in the dow. we still got the s&p and nasdaq with a big loss in the dow industrials. let's get to venezuela. we have word that opposition leader guiado has returned to the country according to reuters. that is happening just as the white house is set to announce sanctions on cuba for their support of madura. venezuela watcher is the ceo. you're a native colombian i think. you have word from columbia itself on the border with venezuela. we want to know how to do people of colombia feel about president trump because we only figure latin america poses president trump. >> up. >> conservative at columbia -- trump said that. we actually run big data analytics about his favorability, trump's favorability for the people of

colombia to 68% positive. everything happening with venezuela as well overdue and it took a president like president trump to give legitimacy to guiado within 30 minutes of him becoming the interim president and 54 nations have joined the alliance. stuart: 54 nations around the world in alliance that says trump is doing the right thing in venezuela. >> this is that so interesting despite rhetoric we can be on the side of humanity and it was about time somebody with step in. this is the biggest humanitarian crisis in modern time. people are eating out of the trash truck and it took resident stuart: step in. it's not the united states. 54 countries together. stuart: were talking before we got on the air and we get the news that guiado has reportedly arrived in venezuela. it's not caracas.

he is there. you were very nervous and worried. >> intuitively when there is a regime and addict hater at the top, anything could happen. even if something happens he could claim it wasn't him. at the same time the fact he's in made up and is he willing to have a peaceful transition or not. stuart: as he tried to arrest the guiado? >> you could argue himself proclaiming as interim president is now bringing animosity in venezuela. when you're the tater calling the shots, you can call the shots. trinity worried about him. >> of course. he's incredibly brave showing what democracy is all about, and it is not alone.

stuart: if he is arrested or worse, 54 nations around the world are not going to stand for that. >> and am there's been a lot of pressure saying don't jump into just creating war and violence like invading venezuela. look at this. >> is arrived at the airport. i can pronounce it. north of caracas. medicine arriving. >> is a local hero. people see him as the george washington of latin america. >> well, i don't have data on mac, but you would assume if i am dying of hunger in 3.5 million venezuelans have left it's because they want something different to happen for their country. stuart: thank you very much for being with us. it's important information. we've got video of the man arriving. thank you very much. let's get socialism in this

weekend. there's a new poll in the journal shows 20% of people viewed the term socialism. 18% to socialism positively. only 50% have a negative view. justin haskins is that the history of executive editor for the heartland institute. why socialism making a comeback? only 18% of people view it negatively. 18% supported. 18% to socialism positively. but only 50% view it negatively. it should be a much higher number, shouldn't it? >> yeah, absolutely. no question about it. this is the result of decades of indoctrination in k-12 schools

and colleges in that hollywood and the mainstream media charit. socialism is about source control and manipulation. once people recognize what socialism actually is i'm talking about venezuela, hopefully people see this as a cautionary tale and realize how dangerous socialism is in turn and run the other way. we need to have that conversation especially with younger people. >> i can understand the argument that socialism is an economic disaster. do you call socialism evil. now that is a moral judgment. noneconomic judgment. spell it out when you think socialism is evil. >> right. two primary reasons why think of tivo. the first is required taking people property. property they lawfully owned and worked very hard to get, whether that's money in our homes or

businesses, requires taking property and giving it to someone else for no reason other than majority people say that's what they wanted to. to me that it's immoral. the second reason is anytime you collectively owned and managed properties, you'll have to make moral judgments for instance in single-payer health care. are you going to force the moral minority is like nuns and people like that to pay for people's contraception and abortion? if you're willing to force them to do that, in your required them to violate their deeply held religious beliefs. there are no choices for individuals and socialism. the majority makes decisions you end up at the tyranny of the majority and that is always immoral. stuart: you speak remarkably well. look at this. medicare for all. a lot of the presidential candidates have accepted this. you've got a new op-ed.

the headline is democrats biggest obamacare scare tactic was just completely debunked. explain that, please. >> yeah, sure. 2017 the biggest thing democrats did when republicans were trying to repeal and replace obamacare was run around and tell everybody if that happened 14 million people lose their health insurance almost immediately and eventually 20 fernley and people would lose health insurance. that was based on the faulty congressional budget office report that said if you reduce -- if you eliminate the health care mandate obamacare had in place that people with stop buying health insurance. it turns out now that the mandate had been eliminated by the tax cuts and job sites, and this is the first year people are not penalized for not having qualifying health-insurance. we found out from the centers for medicare and medicaid studies -- sorry, cms that it's only going to be to .5 million people, not 14 million there's

2.5 have chosen, voluntarily chosen not to have health insurance. they are losing it or they're choosing not to buy it because obamacare health insurance is garbage. stuart: do you ever feel out on a limb with friends and colleagues and family members. you've got an opinion that rather unpopular. >> yes. i feel that way all the time. and the millennial. i'm 31 years old. most of the people i know and love in my life think that i'm crazy for saying people should have rights and control over their own property. but i'm working on it. >> you win them over on this program. come back as often as you'd like it will put you on because i like what you've got to say. now this. ikea is bringing a do-it-yourself philosophy to food now offering a do-it-yourself chocolate bunny

for easter. it comes in three pieces. just like every enough to get at ikea. you don't need an allen wrench. only available in britain costs about four bucks. a new poll for the 2020 election sews president trump illusory democrat candidate in a head-to-head matchup. next, trump 2020 press secretary kayleigh mcenany. i want to know she's worried about all these numbers. ♪

stuart: in the space of two hours we have now a 300-point reversal. we opened up this morning with a gain of 120 on the strength and the likelihood of a china trade deal. now we are down 170. what happened? >> construction spending for december, which the report itself was down 26%. the general consensus disappointing number for construction. stuart: could be a rotten first quarter for economic growth. >> where was watching industrials or the missed tests on the china trade deal going forward. >> telling us down, they are

down. down 186 now. we will be back with more in a moment. we have a pretty good relationship. you've done a lot of good for the world. but i feel like you have the potential to do so much more. can we build ai without bias? how can we bake security into everything we do? we need tech that helps people understand each other. that understands my business. we've got some work to do... and we need your help. we need your support. let's expect more from technology. let's put smart to work. ♪ ♪

stuart: the pack of 2020 democrats keeps growing. john hicken luper just announce his candidacy earlier this morning. here's history. it's official i'm asking you to interview me for president. our country is in crisis and we

need someone who knows how to bring people together and get things done. this is my record but i've never done it alone. unlike as far left-leaning cohorts come hicken luper has taken a more skeptical stance on things like the pre-new deal and medicare for all. a new survey from nbc "wall street journal" shows 48% of registered voters would rather see a democrat in the white house and another four years of president trump. 481 a democrat. 41 want the president to return to the oval office. kayleigh mcenany is here, national press secretary for the campaign. those are not good numbers for you good >> looked back into this poll. president bill clinton was trailing in 1995, went on to win the election. 46% approval. far higher for lamberth rasmussen. nevertheless i think there's a

lot of silver lining to this poll not too much to be made of the pull you just cited. stuart: got a problem with socialism. 50% of responding said that it was a negative thing. 50%. >> socialism desirable. i don't think that's in line with the values of this country. president trump to see that 25% support him now more than that. >> if it is joe biden runs and if he gets the nomination of the different dishes and it. >> cannot surprise so joe biden, the so-called centrist moderate here endorses government having an extraordinary role which we

know will work. he has to go further and further left. stuart: i can't wait for the actual campaign to start because you'll be right in the middle of it. you've got to keep that smile when you're dealing with the media. >> it's going to be tough when you're dealing with the media, but i will keep the smile because i'm in the right side stuart: that's a very good response. senator rand paul has joined three other republicans against a national emergency declaration. they say they will vote to reverse that declaration and some of them are saying they did to the supreme court, they will not accept the emergency declaration. you could end up not having a wall. >> that's completely flawed logic. only a congress to allocate the president of power and say when you utilize the power are going

to act as if you never had it. the national emergency act of 1976 within the president toolkit to declare a national emergency and reallocate funding for military construction which is what this is on the southern border. it's wrong thinking the supreme court will decide. stuart: you've got an answer for everything. >> i tried. stuart: you're very good. check out the lord. now we are down 230 points as we speak. it's a selloff now. it was a rally earlier. next, one teenager turning his love for fishing into a real business. he is still in high school but is already selling his cut and fishing rods in stores across the country and online. that young man will join us next.

stuart: down 260 points. there may be some reasoning here. construction spending was weak.

that may be part of the problem. justin trudeau canada's attacking the handling of the two canadians in prison in china and i i think that's got much to do with the selloff. the revelation of all of these have occasion but we knew that before the market opened this morning and we have been higher. what you got is uttered than 350-point reversal for the dow. no clear reason in my mind as to why barack so much for right now we are down 280 points. 1% down today. stuff that is different on the show. not impressed about. they are custom fishing rods of online and in stores. he is on track to sell over $100,000 worth of year. corbyn is at this time a senior at idaho technical academy. how old are you? >> 17 years old.

stuart: when to start making and designing fishing rod polls or whatever? >> just a little under a year ago. stuart: do you make them yourself? have you got a factory in your garage? >> yeah, there's an entire station upstairs in my house and i can build every single rod. every once in a while my parents helped me and we create them and send them across the entire country. stuart: what is so special about them. have they got a feature that nobody else has? >> a lot of quality. hundreds of reasons why custom fishing rods are the best i love them, but everything is handmade and built to the customers needs and styles. stuart: if there was a fisherman. i'm not, but if i was the night came and said i want a poll like this, et cetera, et cetera,

roughly ballpark figure how much? >> it depends. most range from $300 to $800. it just depends on the quality of components for the rod and what actions you want. stuart: you're going to sell $100,000 worth this year? >> wrathfully. trying. stuart: let's suppose you make it to an hundred thousand dollars, how much of that is profit? >> maybe half. that's a pretty good margin, young man. people would die for a margin like 50%. it's good. during the show i've called and fishing poles. that's wrong. it's a fishing rod. what is it.

>> it can go either. i just like to say rod. >> i guess you can take it either way. are you going to expand production may be? are you getting into this for the rest of your life? >> i want to try to make it a full-time career. maybe eventually i want to go to pro fishing for competitive bass fishing. hopefully this is a road that will take me there. >> are you going to bother going to college? >> yes. in a few years i'll deal to go to college and get a business degree. stuart: corbyn coming year already. you've done remarkably well. her shining example of success. come back and see us anytime you like. >> thank you so much.

good man right there. there will be more after this. . .

stuart: well, ladies and gentlemen, you're looking at an astonishing reverse al for the dow industrials. we went on the air at 9:30 with the opening of the market the

dow went up 120 points t rapidly lost that gain. we have close to a 300 point loss. in the space of 2 1/2 hours we have 350, 400 point reversal. not sure what is causing it. maybe david asman can take it away. >> maybe you were saying it was david asman. stuart, good to see you. thank you for joining us welcome to "cavuto: coast to coast." i'm david asman in for neil cavuto. as stuart telling you the stocks reversing gains. there is big question what has done it. i had one analyst said i haven't seen a direct catalyst. we have seen one which is weak construction spending