>> me. maria: wow. hey, this was a great show, you guys. weaker than expected jobs numbers. best analysis in the business. have a great weekend, everybody. "varney & company" begins now. stuart: it was a great show. let's see what i can do. maria: seize the day, will you? stuart: well, good morning, maria. good morning, everyone. all right. here's my headline on this jobs friday. wages are rising rapidly. in fact, we are seeing the best wage gain in decades, up 3.4% over last year. that's a big jump. the surprise in the report was the mere 20,000 new jobs created. there may be some special factors that brought that number down. there were 31,000 fewer construction jobs probably because of a major snowstorm. the unemployment rate, that dropped to 3.8%. that's only a smidgen above the historic low that it hit in the

fall of last year. sum it up, good news on wages, good news on the jobless rate, and there's very good news on the u6, sometimes called the real jobless rate, way down to just 7.3%. all right. we do have news from china. their exports dropped a whopping 20% last month. clearly the trade fight hurts. on that subject, america's ambassador to china says the two sides have yet to finalize a deal. a gap remains. there's no date for a summit. ambassador branstead says preparations for summit aren't under way, either. investors took that as a negative signal. stocks will open lower today. the jobs report didn't help. it's been a tough week. in fact, the worst week of the year 2019 so far. but hold on. we should tell you that tomorrow marks the tenth anniversary of the bull market starting its run. in those ten years, the value of all stocks has gone up 25.9

trillion dollars. here's a story from costco that shows the benefits to workers of full employment. costco workers are getting their second pay raise in a year. nobody will make less than $15 an hour. in a tight labor market, they have to keep the workers they've got, all 245,000 of them. it's a very good time to be an american worker. yes, it is. "varney & company" friday edition starts right now. stuart: any moment now, president trump will be leaving the white house to go survey the damage done by those tornadoes in alabama. if he speaks to reporters, and he often does, i don't think he will resist saying something about the jobs report. if he says anything, you'll see it. by the way, president trump mentioned me in a tweet this morning. here it is. this is as good a time as i can

remember to be an american worker. we have the strongest economy in the world. stuart varney at "fox & friends." so true. thank you, mr. president. that will be the subject of my take, by the way, at 11:00 this morning. why are you laughing? ashley: i think it's terrific. stuart: it makes me nervous, it really does. okay. all right. to the economy. let's bring in paul holloway, former labor department chief of staff under bush 43. 20,000 new jobs. that is a very low number. how do you explain it? >> i think it is a low number. i do think you identified one of the factors. i think you have to take a look at the weather. i also think if you take a look at the beige report, there are some indications that the government shutdown did impact but i think you have to put this in context, as we always do, and look at multiple months. i think the momentum is intact and the other thing i think this is, really, it's a wobble, not a trip and not a fall. if you take a look at u6, as you

identified, that's important news. also, in terms of the quantitative things that are in this report, you have the wage increases which are good, you are pulling people off the sidelines, you have competition for jobs and employers are in a situation now where they are having to pay bonuses and other means to keep their workers in place because the competition for talent is on. stuart: if i say it's a great time to be an american worker, would you agree with that? >> 100%. absolutely. tell you what, the economy is doing so well that even the democratic socialists are posting job openings at their headquarters up in new york. stuart: sarcasm is a low form of wit but i laughed at that one and kind of like it. all right. i believe the number of workers eligible for overtime are greatly expanded. can you explain it? >> there's a baseline threshold for workers. if you make less than, right now, if you make less than $24,000 a year roughly, or about $450 a week, and you work 40

hours a week, after 40 hours, you get time and a half. that's what the issue is. so that threshold has not been updated since 2004. now, what the president and his team are doing right now, they have got a notice of public rule in place and what that does is it increases that threshold to $35,000 or $679 a week, if you are making that. that's what triggers the time and a half. that impacts 1.1 million people. i think the important thing is that's in contrast to a policy that was proposed on the way out the door by the obama administration which would have indexed that to inflation, created a lot of unpredictability and it would have covered 4.2 million workers. stuart: so this is an expansion of the ability to make overtime pay to a vast new group of workers, over a million people. >> yes. stuart: it's a good thing, right? it's raising wages at this time. >> i think it is a good thing

because it's updating 2004. the other thing i think that's important here is it's a good thing because it's not indexing it to inflation. it's leaving it to the labor department to assess this every four years which i think is better to house in the executive branch. stuart: paul conway, we always turn to you on jobs friday. thank you for being here today. >> thank you very much. stuart: happy birthday, bull market run. turns -- it will turn ten years old tomorrow. okay. i think you've got a big number for us. ashley: yes. you kind of gave it away in the headlines. over the ten years, up a whopping 315%. how much is that in money terms? $25.9 trillion. stuart: wait a second. that is the value of all stocks on the exchange. ashley: over that ten-year period. stuart: that's the index that covers it. ashley: that is a bull run to end all bull runs. stuart: but did you see it at the time? ashley: no, no. coming out of the financial crisis, hitting bottom on that

march 9th, 2009, who could have predicted this? stuart: some did. ashley: a few. stuart: good news for costco workers. they got a nice surprise. yes, a second pay raise in the past year. how much? susan: up to $15 an hour for everybody. supervisors also get more as well and you get more benefits and that includes paid parental leave. this is an example of a tight labor market so costco raising the minimum wage and that matches amazon, which raised it to $15 an hour. target currently at $12 an hour. they want to move that up to $15 as well starting sometime next year. walmart, which is the largest retailer in the world still, physic physical, they pay $11 an hour, they basically have one and a half million staff. stuart: they want to raise it? susan: no. they haven't indicated that just yet. we are still at $11 but it's a sign of a very tight buoyant labor market. stuart: you know what, capitalism works. i like it myself. the house passed a resolution condemning all forms

of bigotry, whole grab bag of bad things to condemn. congresswoman drae congresswoman alexandria ocasio-cortez fund-raised on it. some members of congress have even go so far as to claim that questioning support for the u.s./israel relationship is unacceptable. just a decade ago, it was unquestionable to not support the war in iraq. i need clarity on this one. fox news contributor will provide it. what's going on? >> that's also not true, right? that's one of the problems, is that no one's saying you can't disagree with foreign policy. we do all the time, including american jews do all the time. this was her comments were really about the argument that you can't support israel and be a loyal american. that generally, that is the anti-semitic trope which puts a frame of mind that jewish people can't be loyal to the country they're in. it's impossible because they are only loyal -- you can't be loyal to israel, and then also be -- have allegiance to your country.

stuart: she repeated it. >> she did. this is what's interesting. it also shows you this is dropped and puts her as a team, team aoc, with herself, ms. omar and ms. tlaib. those three representatives. the democrats have not been willing to do that, that this is a grouping of individuals who hold the same attitudes and it also shows you that no one's afraid of nancy pelosi, that that resolution meant nothing, that this went out and effectively she is blaming the jews for what's happened by referring to an organization that advocates for the relationship between america and israel. so she went as close as she could, repeating the trope, then using that organization as part of the problem. remarkable. stuart: didn't she used to rail against big money in politics? >> she did. she now has her own issues, obviously, with the ftc with certain complaints that have been made about the handling of pacs and all of that during her campaign. so this is -- the other thing

nancy pelosi did was say these are young people who are enthusiastic with their advocacy. some of these women like ms. tlaib are middle-aged. miss omar is 37. we say she is a somali refugee. she came here as a child. miss ocasio-cortez clearly a new yorker, an american. so this is a philosophy that the democrats must push back against. it is responsible for atrocities historically beyond imagination, beyond the holocaust but in general, jew hatred. it is time to push back. stuart: i've got 20 seconds left. i just don't see how two wings of the party, vastly opposed, i don't see how they stay in the same party. >> this is it. it's either the collapse of nancy pelosi's leadership and this is what classic liberal democrats want, i don't think it is at this point all americans must identify as jewish in order to be able to push back on something this horrible.

i think we can and i think the democratic party is capable of it. nancy pelosi is going to find that resolution, she's going to have the same problem every day and they are going to have to figure out how to deal with it. stuart: should be interesting. >> it will. it will. stuart: thank you very much. >> thank you, sir. stuart: check futures. we are down over 200 points. it's the jobs report and the china trade news that's doing it. back to 25,200. big guest coming up to react to the jobs report. larry kudlow, president's top economic guy, joins us live in our next hour. maybe this is one reason why taxes in new jersey are so high and keep going up. the state spent $1.6 million on financial aid for illegal immigrant college students. that's just in last year's fall semester. we'll have details for you. president trump tweeting about the border first thing this morning. here it is. the wall is being built and is well under construction. big impact will be made.

many additional contracts are close to being signed. far ahead of schedule despite all the democrat obstruction and fake news. all right. we've got a border state congressman with us next. we will ask him, is it being built, what do you say? we'll be back.

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stuart: we are going to be down at the opening bell, negative china trade news, not a great jobs report in terms of number of new jobs created, off about

200 at the opening bell and the nasdaq will be down more than that in percentage terms. you're looking at a selloff this morning. speaker pelosi was asked if congresswoman ilhan omar should apologize over what's considered to be anti-semitic comments. here's her response. >> she hasn't apologized. >> it's up to her to explain but i do not believe that she understood the full weight of the words. i feel confident that her words were not based on any anti-semitic attitude, but that she didn't have a full appreciation of how they landed on other people. stuart: joining us now, congressman lance gooden, republican from texas. congressman, i think she's lost control of her caucus. what say you? >> i agree with you. can you imagine if republican leadership were making excuses for one of their members and i will have you think back to

january when republican steve king made offensive racist remarks, what did we do? we stripped him of his committees. he was immediately sanctioned and we said this is just terrible, we are against this, he should apologize, in fact, he shouldn't even run for re-election. few months later, same thing happens with democrats, what does nancy pelosi do? she makes excuses and it takes them three or four days to put together a resolution condemning it. it's very offensive, upsetting and shocking. stuart: i don't think she can hold together the two wings of the party. i think that's pulling the party apart. you are a republican, i'm feeding you this, but that's the way it looks to me. >> well, you're right. yesterday, we voted on amendments, many of them were voted down. one of the amendments was so extreme that even maxine waters was against members of her own party. we were joking in the republican side that if maxine waters thinks that the extreme wing of her party is too extreme, then they have really lost their way. it's just unlike nothing we have seen. it's crazy. stuart: you are brutal, congressman. you really are. just plain brutal. now this.

president trump says the wall, he just tweeted this, the wall is being built. we've got the tweet on the screen at the moment. he said contracts are being signed. do you see evidence of this? he says look, we're building it. you see it? >> sure. absolutely. you know, the thing that frustrates me so much is when people like john kelly earlier this week said we don't need a wall from sea to shining sea. that's nothing the president is proposing. he's proposing wall construction in places where it's needed. if we have a roaring rapid river, we don't need a wall. in places where there are crossings that need to be stopped, the president wants a wall. we have seen in san diego, walls were constructed, crossings went down. there are strategic areas where we need a wall and that's what the president's pushing. that's what's happening right now. that's what this national emergency declaration's for. stuart: you are a republican from texas. >> right. stuart: i take it there are parts of texas which need a wall. >> sure. stuart: are they being built now? >> i am told that construction is under way in certain sections. the entire wall, wherever

homeland thinks it needs to be built, should be completed in the next few years, if we continue to move in this direction where we have this funding under the national declaration. stuart: congressman, thanks for being with us this friday morning. good stuff. we appreciate it. thank you very much. let's get back to the market now. we are going to open up in about ten minutes' time. we will be down 200 points for the dow, just over 1% on the nasdaq. selloff across the board this morning. the end of investigations into president trump now carrying over to his family. here's my question. should the president's kids be off limits? we are on it. more after this. as the one who is always trapped beneath the duvet

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stuart: guess where we're going now? vermont. i'm not even sure they are allowed to watch fox in vermont. nonetheless, "fox & friends" weekend cohost pete hegseth is there at a diner. what are you doing in vermont? reporter: i'm telling you, the maple city diner this morning is full of trump supporters, stuart. they love freedom up here. they love you, they love fox business. it's true. not everyone feels the bern. stuart: okay. i'm pleased you found one cafe full of trump supporters. you probably advertised to bring them in. do you have one sitting next to you? reporter: a little bit. he's former law enforcement,

lived in vermont for six years. why do so many people who vote for bernie like socialism? what's the idea there? >> i think they just don't understand what socialism is. lot of people like open borders but they still lock their front doors. you know, if bernie sanders is a socialist, i would like to see him put out his financials of what he actually made and what he gave away. then maybe i can believe he's a socialist. he hasn't given me anything. he hasn't sent me any checks. reporter: he likes to take your money and give it to the government. i don't know how he got those four homes. >> people want to rule by socialism, then they need to live by socialism. reporter: know what i love about these diners? common sense everywhere all the time. stuart: you are having too much fun so i have to ask you a serious question. with all these investigations of the president, some democrats are going after his children. do you think that his children should be off limits? reporter: normally, i would say yes, but listen, if you are involved in the business and you are in the white house, or you

are part of the campaign, of course you are going to be in it. but they shouldn't go at the kids for the sake of going at the kids. go at the kids because they want to get at the man, the president, that's what feels like, that's what it seems to be. if you can't get the president, let's get don jr. or eric or ivanka. it's part of expanding the witch hunt. normally if you work in the white house or run a business, of course you are part of that. i just think it's the wrong motive. it's all part of hating trump. that's why they're going at the kids. stuart: you are still on the ball, hegseth, even though you are up in vermont. bring us back some maple syrup. reporter: i will. they love stuart varney up here. stuart: flattery is the mother's milk of television. we like that. thank you very much indeed. see you, pete hegseth. a look at the futures. we will be down 200 at the opening bell, down about 80 on the nasdaq. negative news on china trade. not a great creation of new jobs in the jobs report. got to admit that.

we are going to be down across the board. we will take you to wall street after this.

stuart: hold on a second. trying to get in on the act before the market opens. you can't do that. don't trespass on my air time

here. it's 9:29.45. the market will open and it will be down significantly. negative news on china trade. not a very good news on job creation. here we go. three, two, one, we are off and running and going south, guaranteed. look at that. right from the get-go, down 130, down 140, down 149, 150. you get the point. on the left-hand side of the screen, it's a sea of red. we're down. that's the point, ladies and gentlemen, we are down. at this point we are down three quarters of 1%. the s&p even lower in percentage terms, down .82%. the nasdaq, pretty sure that's going to be a real selloff, yes, down 1.1%. bottom line, selloff all across the board. joining us this friday morning, david dietze, david barnson, susan li and ashley webster. got to start with the jobs

number. only 20,000 new jobs created last month. i think that is hurting the market. you agree? >> i'm sure that the short-term response can't be positive but you know, you really have to look at these things, three month rolling averages, because you get sort of extraordinarily bad month and extraordinarily good month, you got to roll them together and we haven't had a bad rolling three months since president trump has been elected. stuart: okay. there was very good news on wages. maybe that's the counterbalance to a mere 20,000 new jobs. what do you say? >> i think the headline is how strong the jobs market is. we have moved down to 3.8%, employers are struggling to get more workers and that's why wages are going up. i think this underscores the strength of the economy and how well job seekers are doing. susan: let's throw numbers in here. wages went up 3.4%, fastest growth since 2009. we have seen these blips before in a strong year of jobs

creation. september 2017, we had 18,000 jobs created on average that year 179,000 per month. stuart: i think this is going to be significantly revised, as they do. they revise high of the month before. i think there will be revision on the february numbers as well. 20,000 jobs is the only non-starter in the report. the rest is very positive. tomorrow, that will be march 9th tomorrow, it's the ten-year anniversary of the start of the great bull run. david, after ten years, to the day almost, can we get -- can we keep going up? >> i still think stocks will beat bonds. obviously we are not starting from the same low valuations but we have a lot of things going for us. very low interest rates. a strong consumer. we have jobs and now higher wages based on today's information. i think the best bet is to bet with the american economy. productivity is increasing. you are going to do well sticking with stocks for the long term. stuart: okay. look at the big board now. because we are down, obviously,

now down 180 odd points. the bottom line here is there's some negative news on the china trade deal. a meeting between president xi and president trump is not imminent. our ambassador to china says they don't have a plan for a summit at this point. so i think the negative on the market this morning is china trade. what do you say? >> well, i said it about three weeks ago on the show and i have said it every week since. i'm going to just keep saying it every week. there will be no real news until there is news. there will be word that a meeting isn't scheduled and there will be a word that a meeting is scheduled and we hear it's going to be good or this part is coming apart. all that up and down stuff is unavoidable. it's part of the news cycle. but i think fundamentally there's only two things that matter. these two things, for our listeners. a, a deal is going to happen and b, it's going to be a good deal. susan: a deal is a deal when

president trump says it's a deal. i think there's an economic impact as well because china reported a 20% drop in exports last night, and they were expecting a drop of just 4%. it shows you the trade war is biting their economy. combine that with what we saw from the ecb yesterday -- stuart: they need a deal. does that give us more leverage? looks like it, doesn't it. if exports dropped 20% in one month, that's how your economy runs, on exports, you've got a problem right there. let's go to costco. sales up and big news, raising its minimum wage to $15 per hour. david, great to be an american worker in this full employment economy, isn't it? >> it is. you know what's interesting about that 3.4% wage growth in this new labor report we got this morning, is a year ago that would have caused the market to revolt because everyone was so worried about wage growth being

a bad thing because of inflation and what's the fed going to do. that's the last thing anyone's worried about this morning. good wage growth is good news. you see it in this costco report. wages growing, there's that pricing pressure. you want employees making more money. it's not inflationary when productivity is going higher. stuart: interesting. >> i would also point out costco took a lot of criticism because it's never been unionized. people said you can't get a fair shake from a company that's not unionized. here, two wage hikes in just 12 months, i think it's a great thing not to be working for a unionized shop. susan: parental leave now, too. stuart: that's right. go on. >> i was going to say, the company also stays in business, too, so there's that. stuart: let's not forget that. all right. check the big board. we are five and a half minutes into the session. as expected, we have dropped 200 points right from the get-go. we are right down 200 as we speak. individual stocks, better

sales at the retailer, that's big lots. they are up 8%. not such a rosy forecast from the gun company, smith & wesson, american outdoor brands. they are down 8%. we have this for you. senator elizabeth warren says break up big tech. she's going to announce regulations aimed at amazon, google, facebook. how is she going to break them up? ashley: she wants to unwind the tech mergers say says may illegally undermine competition. she's going after facebook. would roll back the deals, amazon's addition of whole foods, roll it back, split it up. stuart: you can't do that. ashley: that's what she wants to do. she wants to appoint regulators who will look at all of this and make their recommendations. susan: two tiers she is suggesting those companies that have more than $25 billion in revenue will be targeted, including of course amazon, apple, facebook and the like. it's big tech they are after.

i think it sets a very dangerous precedent and probably would be -- wouldn't be able to be done, i think. stuart: no, no. she wants to prohibit platforms from both offering a marketplace for commerce and participating in that marketplace at the same time. that's what she has a problem with. stuart: i see the companies she's going after, they are down today. that's part of the general selloff across the board. i don't think they're reacting to senator warren's idea there. now this. it's causing some argument. united airlines says it's willing to delay flights for late-running passengers. collectively we don't like that, do we? ashley: i don't like it. i always try and get there on time or early, because that's just the way -- i don't want the stress of running late. i understand things happen but you can't hold up everybody just for someone who couldn't plan ahead or for whatever reason. i would not wait. stuart: however, our colleague here, david dietze, has a reason behind this. >> i think this is a shout-out

for big data. you don't really care about leaving late. you care about getting there on time. increasingly, the computers can tell whether a flight is going to be able to make up time in the air so if that keeps people from missing their flight, i'm all for it. stuart: no. wait a minute. wait a minute. we will delay to pick up the late-running passenger only if we can pick up the lost time in the air? >> absolutely. that's exactly what they are trying to do here. ashley: not sure about that. stuart: if i was sitting on the plane, i want to go. it's as simple as that. susan: can i just say i'm usually late for flights? i wouldn't mind if it would wait for me. stuart: why are you late? you can't be late. you are on television. you can't be one second late in television. susan: yes, i agree, but that's tv. this is travel. i need to travel in style. stuart: we have to wait for you? susan: yes. stuart: next case, charlie gasparino reporting that the new

york yankees leading a group to repurchase the yes network from disney for $3.4 billion. they are partnering with sinclair broadcasting and amazon. this looks to me like a streaming story. isn't it? is that what it is? >> absolutely. basically, remember, one of the investors here is amazon. they are launching new streaming service so by helping finance this acquisition, they are going to be in the pole position to get the streaming rights. stuart: sinclair in there. very interesting. what else have we got here? we have the dow industrials coming back a little bit, not much. we are down 173. now this. tesla says its new car charging technology can recharge a car in 15 minutes. susan: i hope so. stuart: that's okay, it's good, but you have to have charging stations all over the place. >> have yyou have to have the n, the infrastructure. susan: not in many places, not in rural parts of the kun trich country. usually it's the northeast and

california. it's hard to find a tesla charging station if you are going a distance outside of the state. it's still pretty difficult. stuart: shout-out for david barnson. he's got a new book, there you go, it's out next month. "the case for dividend growth." that's your mantra, isn't it? that's the stock you invest in, where the dividend is going to go up, right, david? >> yes, it is my world view of investing. the idea of being -- better companies growing their dividend over time, so many features to it. luckily you had me talk about it on the show a lot. thanks for talking about the book. there's a lot of info in there. it will be fun. stuart: any extra sales i generate for you are commissions. it's very simple. the two davids, thank you for joining us. quickly, we are coming back a little bit. down 175 as we speak. that puts us right at 25,300.

big guest coming up on the show. the one and only larry kudlow. can he put a positive spin on this month's jobs numbers? we will certainly ask him. former pharma disgraced martin shkreli may be locked up but that hasn't stopped him from running his company. he's doing business on a contraband cell phone. we will tell you about it, next. fact is, every insurance company hopes you drive safely. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost.

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stuart: president trump has left the white house, is on his way, about to get under way to go to alabama to see the tornado damage. he has addressed the financial markets. he said this. as soon as we get these trade deals done, you'll see a big

spike in the market. that's what people are waiting for. he is confident of getting a trade deal done with china. that's what he said. that has helped the market come back a bit. we were down over 200. now we are down 162. the president just said that. we will bring you more on what the president's had to say momentarily but we are just getting these headlines coming at us and we are giving them to you immediately. market coming back. being behind bars apparently isn't stopping disgraced drug company executive martin shkreli from doing business. you better tell me more about this. susan: remember him, pharma bro? stuart: yes. susan: of course. he's currently serving a seven-year prison sentence for securities fraud, 16 months in apparently he has a contraband cell phone that he uses in his low security prison and he's still running the company he founded. it used to be called turing pharmaceutical. now it's called phoenixus ag. i guess the case that brought him the most attention is when he bought his turing

pharmaceutical company bought an hiv drug and he jacked up the price by 5,000% to make higher margins on it. this is a life-saving drug that people need. he's also, by the way, known for paying just around, what, $5,000 to any stranger in 2017 to grab a strand of hillary clinton's hair to disrupt her book tour and also buying a wu tang album which he listened to day in and day out. stuart: who can forget. coming up, we will talk to a corrections officer who was shot six times after inmates used a contraband cell phone to arrange the hit on him. he's not happy about shkreli. you will hear from him in our 11:00 hour. to the economy. anyone who previously had trouble getting a job is now finding it much easier in this fully employed economy. joining us, jake timmons with the national association of manufacturers. >> morning, sir. stuart: good morning, sir. i think, let me ask you this.

do you need a college degree to get a good job in this economy? >> i don't think you need a college degree to get a good job in any economy, especially when you are looking at things that you are passionate about. so many young people are passionate about making things in america. that's why we're trying to attract them into the manufacturing work force. we've got a pretty big problem right now in manufacturing. 428,000 open jobs today. that number, according to the manufacturing institute, will grow to about 2.4 million in the next ten years. a lot. stuart: it's a huge number. i didn't know that. 428,000 manufacturing jobs on offer as of today. i didn't know. they tend to be highly paid jobs, don't they? >> so manufacturing really pays more than any other sector of the economy. the average wage is about $85,000. that's an average. stuart: whoa, hold on a second. you are throwing some numbers at me which i have not heard

before. the average in manufacturing operations is $85,000 a year? >> correct. there are so many more that are six-figure jobs. in fact, the average, the average in california alone is over $100,000. stuart: okay. >> so come on in, young people. we want to have you in manufacturing. stuart: do you have apprenticeship programs? >> yes. we do have apprenticeship programs. we are also working with community colleges, technical schools, also elementary and secondary schools, to give young people an idea of what opportunities are out there in manufacturing. stuart: this is extraordinary. i'm going to repeat it. 428,000 manufacturing jobs on offer as of today. you say that goes up to two million? soon? >> 2.4 million. we will be hiring about 4.6 million people over the course of the next ten years. we are worried that on the current trajectory, about 2.4 million of those are going to go unfilled. part of that is our own fault. to be very, very blunt about it, we have not done a good job about making sure young people

understand what, you know, great opportunities there are in manufacturing. we also haven't been very good about making sure that schools and educational systems understand what the needs of the future are going to be. we are correcting that, over the last few years, especially our manufacturing institute. we are working very hard to make sure that high schools and elementary schools understand what those needs are. i was pretty thrilled the other day when my daughter, third grader, handed me a plastic heart that she had made in 3d printing class. third grade. that's pretty cool. ashley: a good dad moment. stuart: no longer looking down at people who work with their hands. $85,000 a year is pretty good. thank you very much for good information. >> great to be here. stuart: yes, sir. check the markets. we are coming back a bit. positive comments on trade by the president moments ago, that has helped us. we are now down 140 but it's still a sea of red. i see at least 25 of the dow 30

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stuart: all right. we are about to receive the tape of president trump. he spoke to reporters as he left the white house, making his way to alabama to see the destruction of these tornadoes down there. we are going to play that tape for you as soon as it's in our hot little hands. ashley: lots to talk about. of course, there will be the numbers today, disappointing. only 20,000 added. i'm sure he will have something to say about that. and of course, all of these reports that maybe the u.s. and chinese trade negotiators are further apart, that no date has yet been set for a summit with president xi. susan: and north korea actually in his comments as well. some of these headlines are coming through, saying that trump will be very disappointed if north korea started missile testing once again, which was part of the shall we say part of the negotiations in hanoi, then the relationship he says is good with kim jong-un and he would be surprised if he did anything that was not in our understanding. stuart: i will be most interested in what he says that

could move the markets. now, we already know that he's been positive, he said look, he's confident of getting a china trade deal. susan: yep. stuart: that sounds like an optimistic, positive comment. ashley: he followed that up by saying the u.s. will do very well either way, with or without a china trade deal which to me is a more negative, balances it out. susan: we still haven't secured the face-to-face with chinese president xi jinping. he's expected at mar-a-lago at the end of this month. there is a calendar in effect in china, once a year congress is meeting right now. i'm not sure the president can step away from that. stuart: trying to find out exactly what the president said, listen to him right now. >> the economy's doing very well. we're seeing wages rise more than they have at any time for a long, long time. wages are going up, first time for many years. i talked about it during the

campaign, for over 20 years, so i'm happy about that. the economy is very, very strong. if you look at the stock market over the last few months, it's been great and certainly, since my election it's up getting close to 50%, the stock market so we're obviously very happy with that. we will i think as soon as these trade deals are done, if they get done, and we're working with china, we'll see what happens, but i think you're going to see a very big spike. a lot of people are waiting to see what happens with the china deal. mexico, canada is done. we'll be submitting to congress very shortly and that's a great deal for the united states so we're very happy about that. and i am now, as you know, going to alabama. some of you are joining me but i look forward to it. i'll be meeting with the governor, the people of alabama, they got hit very hard by the tornadoes. we're stopping there. then we're going to florida and we're going to do a lot of work. we'll be working very hard.

[ inaudible question ] >> i feel very badly for paul manafort. i think it's been a very, very tough time for him. but if you notice, both his lawyer, a highly respected man, and a very highly respected judge, the judge, said there was no collusion with russia. this had nothing to do with collusion. there was no collusion. it's a collusion hoax. it's a collusion witch hoax. i don't collude with russia. i just want to tell you that his lawyer went out of his way actually to make a statement last night, no collusion with russia. there was absolutely none. the judge, i mean, for whatever reason, i was very honored by it, also made the statement that this had nothing to do with collusion keep the hoax going. just a hoax. senator burr said there is no

collusion. look at devin nunez, house intelligence commission, committee, they said there is no collusion. guess what? there is none. what? >> [inaudible] >> it's a step. it finally averages out. the unemployment rate just went lower. we're down now to 3.8%. we had very good news on that. the big news really wages went up. that is great for the american worker. something for people i don't know they ever expected to hear it. reporter: [inaudible]. where is that? >> i haven't heard that i think they're doing well, but if it happened that way we'll do even better. we'll do well either way with or without a deal. you're telling me something i have not heard. [shouting questions]

reporter: [inaudible] >> sure i'm confident. if we didn't make a good deal for the country. i won't make a deal. if this isn't a great deal i won't make a deal. say it? reporter: [inaudible] >> i don't even discuss it. the only one discussing it is you. i know watching and seeing you folks at night michael cohen lied about the pardon. that is a stone cold lie. he lied about a lot of things. when he lied about the pardon, that was really a lie. he knew all about pardons. his lawyers said they went to my lawyers and asked for pardons. i could go a step above that. but i won't go and do it now. [shouting questions] reporter: [inaudible] >> why what? reporter: [inaudible]. >> it is the most ridiculous suit i have ever seen. bad lawyer. i had a bad lawyer. that happens. go ahead.

reporter: [inaudible] >> we'll make a comment -- [inaudible]. you're competing with a helicopter, john. reporter: on immigration what is going on in in congress now are you worried they will not be able to override your veto? >> i think it is boeing very well. the border, we're doing a great job. we're apprehending record numbers of people, 75,000 over last short period of time. with a wall we wouldn't have to do it. they're doing fine in congress. they understand it's a emergency. [shouting questions] reporter: [inaudible]. >> well, time will tell but i have a feeling that our relationship with north korea, kim jong-un and myself, chairman kim, i think it's a very good one. i think it remains good.

i would be surprised in a negative way if he did anything that was not per our understanding but we'll see what happens. look when i came in under the obama administration north korea was a disaster. you were going to war folks, with whether you know it or not. there was no talking. there was testing. we didn't have our people back. we didn't have our great hostages back. now we're getting remains. we're doing a lot of things now. this was a disaster. i inherited a mess. in many ways, middle east i inherited a mess and it is straightening out a lot. we're doing very well there i inherited, wait, wait i inherited a mess with north and right now you have to testing you have no nothing. let's see what happens but i would be very disappointed if i saw testing. reporter: [inaudible].

>> i thought yesterday's vote by the house was dis-- disgraceful. the democrats have become an anti-israel party, they have become an anti-jewish party and i thought the vote was a disgrace, so does everybody else if you get an honest answer. if you get an honest answer from politicians they thought it was a disgrace. the democrats have become an anti-israel party, they have become an anti-jewish party. that is too bad. i'm going to alabama. [shouting questions] stuart: president trump answers any and all questions at any opportunity. you saw him right there. he emerged from the white house. he is off to alabama to view damage from the hurricanes and tore made dose down there and he covered a lot of different subjects obviously. he was talking about cohen,

north korea, anti-semitism. for our purposes, most importantly he was talking about china trade. now he seemed to, ash, susan, 6'1" half a dozen of the other. ashley: at one time he said i'm confident getting a deal with china. we'll do well even if we don't get a deal. yes or no, maybe, maybe not. susan: if it is not a great deal i won't make a deal. executive privilege -- doesn't need congressional approval at this point. stuart: the result is zero impact on the stock market from what i can see. we were down 200 at the opening bell 30 minutes ago. now we're down 189 having digested all the president had to say. come on in brad mcmillan, commonwealth financial network chief investment officer. now the president did say that everybody is waiting for china trade deal. if we get it, the market will spike as in go straight up. what do you say?

>> i think that's a possibility but i don't think we're going to see as much of a bounce as people think. right now i think the market does largely expect a deal and only if the deal was significantly better than what we expected will we see a real bounce. stuart: so you're sort of tamping down on this trade deal enthusiasm? >> not at all. i think we've actually seen that reaction already. we have had two great months in the markets. i think markets largely come to the decision, yes, the administration will get the deal done. now we're starting to see a little bit of a pull back. there has been bad news. there is still optimism that the administration will get the deal done they said they would. stuart: brad, you probably can't see it, on the left-hand side of the screen, the president and his entourage i think that is joint base andrews, i think that is where it is. he is heading now from his helicopter, marine one, going to air force one to get on board to go to alabama. brad, back to you for a second.

tomorrow, march 9th, that will be the 10th anniversary of the incredible bull market run, which is by the way added $25 trillion to the value of all stocks in those 10 years. obvious question, if 10 years old, that's pretty old, can it keep going in. >> yes it can keep going, stuart and this whole calendar worship can only go for 10 years or so i don't think that's true. there is nothing that can prevent a continued run. at the same time we're certainly long in the tooth here, we have to ask the question, how will we keep it running? that is where we need to look at earnings that is where we need to look at growth. that is what we need to see going forward. stuart: you don't see a major hurdle on the horizon which could cut this thing right off? >> i don't. there has been a lot of fear built into the market. when you look at the fear over brexit, when you look at the fear over the china trade deal, the government shutdown, we actually saw a significant

pullback based on that fear and when the fear went away we saw a rebound and we continue to see growth, we continue to see fear built in. we're climbing a wall of worry. i think we can keep going higher. stuart: we'll leave it at that, i think we can keep going higher, end quote. that was good. brad mcmillan, thank you very much indeed. market right now having digested news on trade from president trump still down. we're off 170 points as we speak. that puts us 25,300. and now this. where are the democrats going to hold their 2020 convention? i don't know where they will end up but there is a big fight between warring locations and the fight shows a totally divided party. one group says, hold it in milwaukee, wisconsin. that would show the unions and the white working class that they have not been left out of the party. another group says, hold it in miami, florida. that would demonstrate the party's commitment to younger,

multicultural voters, people of color. the fight demonstrates how far apart the two wings of the party actually are. speaker pelosi in the middle and she is having a very hard time. she couldn't get unity to condemn anti-semitism. all she got was a smorgasbord of come condemnation about everything bad. i thought that was embraer embarrassing. how will the party. dot moderates want huge new taxes which woo certainly slow the economy. we could go on and on and on but let's get to the straight to the heart of the it, the grand democrat coalition is falling apart. all the identity groups under the democrat umbrella are pushing away. what they want their partners are unwilling to give. they hate trump but he is the one laughing now. i want to bring in tom rogan,

"washington examiner," commentary writer who is a frequent guest on the program. he has a british accent. don't hold that against him. you heard what i got to say, the grand democrat coalition is pushing apart, falling away, what say you? >> i think you're absolutely right, stuart. it its quite striking to see the degree to which on this basic issue of anti-semitism nancy pelosi is not able to hold the caucus together but more broadly than that the idea you see some commentators on the left joe biden should be excluded solely for the sake he is older white man, these clashing ideas of economic opportunity on the one hand, traditionalist approach of joe biden with a government role, traditional democratic sort of centrist approach mixing up with nancy pelosi trying to play to those elements on the left in terms of "medicare for all," to the far left wants not just "medicare for all," the green new deal, everything else, hard

to see how those elements can coalesce way they must do, win voters who went for president trump who previously gone for president obama. because with the economy as it is, people feeling the dividend of that in a tangible way, how do you articulate a vision that doesn't immediately give president trump ammunition on the stump to say, here is a statistics board, this is what the most basic analysts will say it will cost, why would you want to jeopardize your children's future for some pie-in-the-sky thing. stuart: real fast, tom, i didn't see this coming. what i am talking about the power of alexandria ocasio-cortez and the power of this socialist ideology. i don't know where it came from but it came really fast and it really surprised me. did you see it coming? >> i didn't to the degree it is occurring but i think what you see there is the mixture of quite frankly ignorance in terms of a lot of supporters of

alexandria ocasio-cortez in terms of the support for socialism and the sort of canneriesma. she is very charismatic. she knows how to play the game in terms of social media but at the same time i think as the country starts getting educated about what this means in practice, as we start seeing, for example, reports from public health systems in europe, what kind of tax rates the middle class have to pay to pay for these things, the rich, however defined cannot pay for it as a mathematical fact, then i think we'll see a seeping away of the support because people like, i don't want to pay for that. stuart: you know i always worry when i interview someone with a british accent, i figure they're just another socialist import. obviously you're not, we really appreciate you being on the show. >> thanks, stuart. i appreciate it. stuart: see you soon, mate. individual stocks, look at some of them, here we go, costco, sales up. a big gain in online sales. it is raising its minimum wage

to fifteen bucks an hour for all the workers and offering more benefits as well. investors love all of that. that is up nearly 4%. that is a big gain for the company. big lots, better sales, up goes the stock, 9% higher right there. now the president says he is confident of getting a trade deal with china. larry kudlow is coming up. i want to know exactly where negotiations stand. i will ask him about what really is a disappointing jobs numbers. only 20,000 created last month. i will ask him about that. we have a massive blackout in venezuela. it left millions of people in the dark. wait until you hear who maduro is blaming for it. fbn's trish regan will interview venezuelan opposition juan guaido on her show tonight, 8:00 p.m. eastern right here on the fox business network. ♪ minimums and fees. they seem to be the very foundation of

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stuart: 45 minutes ago the market opened we were down well over 200 points. as of now we're down about 160. it is a down day across the board. let's get to the jobs report that came out nearly two hours ago. only 20,000 jobs were added in the month of february. how about that? joining us now, larry kudlow, national economic council director. larry, welcome back to the show. are you just going to ignore this 20,000, put it on one side

as a total outlyer? >> that is a very flukey number. it doesn't jive with any of the other things going on. i think you have timing issues, government shutdown issues, seasonal issues. it is more illuminating, that is a great word, illuminating, the household employment figures, which is more small business, that is where the unemployment comes from. so the household survey was up 255,000. it's a big number. as you know unemployment fell from 4 to 3.8. that's terrific, and the wage story is very promising up .4 of a percent. now 12 month change in worker wages, 3.4%. those are all kind of break-through numbers, stu. yeah i think the top line payrolls this month is really flukey. i think you have to go below the hood and when you do you see a very positive story. stuart: okay, i want to move on

to china trade because the president mentioned that in his remarks as he left the white house a few minutes ago. he says we'll do, we'll do fine whether there is a deal or not. he says i'm confident we'll get a great deal. if we don't get a great deal i won't make the deal. now can you update us from your perspective, you're on. inside of this, where do the talks stand? >> with the talks moved ahead very significantly two weeks ago when they were here. vice premiere liu and his team. i heard these stories that the united states wants to make a quick deal to kept stock market. that is nonsense. the president is optimistic but he has said many times, stu, if the deal doesn't work for the united states and our long-term interests, whether it is technology, i.p. theft, enforcement, comes, tariffs, if the deal doesn't work work for

america's long-term interests, then it is not our deal. we won't make the deal. i take it on myself, the north korean talk, i call a reykjavik moment, reminds me of reagan who i worked for a few years ago, president trump didn't get what he wanted and didn't believe it was in america's security interests. he decided to walk away. i'm not saying that will happen with china trade but i am saying that the president's attitude is it has to work for us and we have a number of criteria and i think he has made that message loud and clear and i completely approve of it. this could be an historic deal, stu, most of us -- stuart: when you say a historic deal what in, what is a historic deal look like? what do we get? >> we will get an end to the theft of intellectual property. we will get a provision that

allows american companies operating in china to own themselves. therefore there will be no forced transfer of technology. in other words, forced to put the blueprint on the table. stuart: yeah. >> we will get an end to the cyber hacking. we will get substantially lower tariffs or maybe an end to tariffs. on cars, commodities, agriculture, industrial supplies. we will get an enforcement procedure, which basically says, if you play by these rules we're fine. but if it is reported that you don't play by these rules, then we will have to take action. that will surely revolve around tariffs and the other side will have to sit by and not use tariffs. so, these are the key points. they have always been the key points. stuart: that is historic. >> i know. i -- stuart: written down, are you to

the point where you have got it written down? >> yes. stuart: now you're discussing details. that's where you are. that is pretty close. >> it is historic. it is written down. it was agreed to by the chinese who were here two weeks ago, liu he. it has to pass through the political filter of president xi and the politburo. we are waiting on that and we are discussing that. there are teleconference calls all this week to discuss exactly that. so, yeah, it is on paper but the final agreement is not yet in place as mr. lighthizer has said, we have more work to do and we will do the work. perhaps a meeting of the leaders later this month or in a, perhaps, but again, stu, i just want -- i'm not here to be bearish. this is, so important. i don't want people to misinterpret this idea.

united states has strongest economy in the world. in today's numbers really show that, except for this flukey top line payroll number, okay? both of us, stu, would be remiss if we don't know this is international womens day, right? that is a big thing. my saintly wife would brain me if i don't talk about international women's day. it is important to note that women last year were the most important new entrants into the labor force. 58% of the new jobs came for women. i want to put that in to save both our skins, yours and mine. stuart: thank you so much. >> back to china, we can get this deal done. we're guardedly optimistic about it but it has to be right for america, stu. stuart: how is this for a possible timetable? xi xinping goes to europe i think next week. he, his trip to europe with a visit to italy. then he goes back to china but he could stop at mar-a-lago on

the way back. that would be the end of next week, coming into the weekend after this coming weekend. does that sound like a viable timetable scenario for the signing of a deal? >> you know president xi and his top lieutenants have not asked me for my scheduling advice yet. i give them advice on a lot of things, taxes, tariff enforcement. i haven't had the scheduling call, so i'm afraid i can't quite sign on to it but i think, stu, there is a meeting of the two leaders out there. nothing in cement yet but there is a meeting out there. and i think this process will be moved forward again. i will finish on this, it has to be right for america. stuart: larry kudlow, always a pleasure. >> thank you, we want to thank you very much indeed for being here. my best to your saintly wife. >> thank you.

stuart: all right, thank you, sir. all right, what do you say to that? ashley: i say it was interesting. towards the end when he said be look, we have the skeleton of a deal, a historic deal we want of the it is on paper, it is being discussed. but it has to go through the politburo and through that process in china. if he get what we said, that would be an amazing deal. stuart: when he outlined, i asked him, what is an historic deal to you, he went through it. susan: i was very impressed. stuart: that was truly historic he covered every base. he said, yes, we got that in writing. >> how do you verify they're playing by the rules, enforcement. susan: enforcement action, mechanism something other presidents and administrations have not been able to get through. so you have toe follow up in china, let's be honest, some of these we negotiated with previous administrations as well, end of theft to intellectual property. they said we promise. end to -- ashley: cyber hacking. susan: allowing companies to own

themselves. we heard this before. we're on the trajectory. and you know, tariffs, they were supposed to be lower before this trade war started. are we just going to back where it was previously anyways? i think enforcement is probably the key here. stuart: i think you're right. that has to be writing detail in legalistic lawyerly language but sounds like it is on paper now. they're still discussing final details. i thought it was positive comments from mr. kudlow. ashley: yes. stuart: it did not move the market. normally you get positive comments on trade -- ashley: they heard so many headlines with the markets, just show us the final deal to get it done. susan: negotiating with the politburo is not an easy thing to do especially on the nationalist platform the chinese president has basically been shoved into power on so it will be a tough negotiation on his part. stuart: we started out with the interview with mr. kudlow. we were down roughly 170.

that is where we are now. made no mark on the market. same thing with the president. came out of white house to give comments to reporters. kind of six an one-half a dozen on the others. didn't affect the market. we're still down 160 points as we speak. quickly, venezuela big blackout. any idea what happened? ashley: well, here we go. it was a blackout. the lights went out, stu. back to you, stu. this, in 22 of 23 states in venezuela yesterday. you can imagine, you're stuck on the subway. it was complete chaos. and, power outages not unusual in venezuela, but this was the largest in many years. of course president maduro blames the united states. calls it sabotage, a cyberattack that hit the hydroelectric dam in venezuela, which used to be the pride and joy, venezuela's electrical system was much admired. because so much money gone into

the pockets of corrupt politicians this has been a failing dam. because of that the electricity often goes out. this one was a huge blackout. but again the venezuela blaming it on the united states. stuart: are we going to run the graphic news alert? yes. google says there is a big security flaw with its chrome web browser. please explain. susan: this is complicated but when the lead engineer and engineering director says you have to fix this like right this minute, you have to do it. what they call them, the tech space, zero day vulnerability. got to fix it right now. this affects chrome which is one of the most used search engines in the world. what the flaw does, it enables access to a file reader. so applications say you go to website and applications you run. they can go into your file reader at this point, check in on the files stored on your own computer. stuart: really? >> yes. access point for hackers. so, go to google chrome at this

point. go to help. follow the directions. it is online. fix it at, right now, right this minute according to google. stuart: i understood that. susan: congratulations. ashley: well done, stu. stuart: no, well done susan. now this, i say the democrats are split, totally split. with speaker pelosi stuck kind of in the middle. is the grand democrat coalition falling apart? i think so. we're going to ask our favorite reasonable democrat doug schoen about it. wonder what he will say? getting in the debate over vaccinations. now they are going after people who spread misinformation about vaccines. ♪

♪ she has got a ticket to ride, she has got a ticked to ride ♪ stuart: not one of my early beat beat es. producer said in my ear. this was boy band phase. there was never a boy band phase, mr. producer. [buzzer] susan: i remember when they came here. weren't there women screaming. ashley: "ed sullivan show." >> this was '64. stuart: you're not that old, susan. susan: i can look at classic videos. hello. stuart: dow is down 137 points. we had been down over 200. look at s&p, please, a lot more

a bit in percentage terms. we're down 3/4 of 1%. nasdaq is about the same. you're down 3/4 of 1% on the nasdaq composite. the dow down now 130. look at this, facebook cracking down on the spread of misinformation about vaccines. what are they? ashley: lawmakers are looking to how to tackle this problem. facebook will crack down banning ads that include -- misinformation about vaccines. pages that recommend that content will change. they will change where the misinformation comes on news pages. extending to instagram. pinterest already temporarily blocked these types of stories out there, youtube as well promised to crack down on the content. because it is creating, as you know, we've seen outbreak of measles in the pacific northwest. susan: yeah.

ashley: social media is places where these types of things can spread very quickly with regard to misinformation. stuart: thanks, ash, good stuff. i want to get back to my editorial, call them my takes. my take is this the democrats are in total disarray. they couldn't even come together to condemn anti-semitism. doug schoen with us, fox news contributor, a former clinton pollster. doug, i suspect you agree with me, your party left you behind a long time ago, it is in total disarray. i don't think you can hold it together. i don't. >> well i think it will hold together for one reason, everybody wants to remove donald trump and take power. but your premise, stuart, is correct. i was a shamed and embarrassed, those are my words for my party not being able to condemn anti-semitism, and say to representative omar you are off the foreign relations committee. it is just, just an obscenity to

me that those kind of remarks, dual loyalty and the like, would not get swift, certain condemnation across the board by everyone in our system. the fact that the resolution had to be watered down to include all kinds of hate, which of course we're against but this was a point of a resolution needed to condemn anti-semitism, bottom line we didn't get it, stuart. stuart: that is true. now in the past traditionally jewish voters have gone at least 70%, for the democrat candidate. >> true. stuart: in all presidential elections for many, many decades. >> correct. stuart: will that be true of 2020? >> we'll have to see. if somebody like joe biden -- stuart: what do you think? >> if joe biden is nominated? yes. if joe biden is nominated, we get somebody like bernie sanders or a candidate who doesn't have historic ties to israel, sympathy for the jewish state, then you could be right.

ronald reagan once got up as far as 40% of the jewish vote. i think trump, having moved the embassy to jerusalem is positioned, if he handles it right to get close to that number under the right circumstances. stuart: that would be a sea change. that would be a very significant change. >> it would. stuart: in a group which votes actively, turnout among jewish voters is very, very high. >> the other thing, stuart, if you take states like florida, ohio, pennsylvania, michigan and wisconsin, if there are close races in all of them as there was in 2016 is, the movement in the jewish vote hypothetically could cost the democrats key swing states they absolutely need. stuart: it looks like joe biden, might be pretty close to throwing his hat into the ring, especially now that hillary's out. >> yes. stuart: mike bloomberg is out. >> correct. stuart: the field is open for a centrist. >> yeah. stuart: how would he do in the primaries? he will be faced by all the

leftists that will go right at him? >> he will be faced by leftists. he is going to adopt, i think a far more left-wing platform than he has ever articulated before. and having been against third-term abortions which of course i am too, but the party isn't, having been for the death penalty, having been for the crime bill, in the '90s, having said nice things about robert bork, i think he is going to have a lot of explaining to do with an electorate that is not sympathetic to his former world view. stuart: i got to tell you, i think he is off to a rotten start because when he said that vice president pence was a decent guy, he then had to walk that back, almost apologize for saying it. >> right. stuart: you cannot be the president of the united states if you cave at the first sign of opposition. >> well, it's also, even, i think a little worse than that if you say that a man is a decent man, and i know vice president pence.

i disagree with him on everything, but of course he is a decent man. he is a good christian and a good person. that being said, if you cannot acknowledge the obvious by people who may share a different point of view what kind of a system do we have? stuart: not a very good one. >> no, it really isn't. you have said to me, are you still a democrat and i have said, yes i am. for today i am. but if we get a nominee who is not pro-israel, you will not see people like me voting democratic. that i can assure you. stuart: doug schoen, that is a breakthrough. >> it is. stuart: i can tell. you're slightly up upset. >> i am. we were talking with ashley before, this is the corbonization of the democratic party. it has gone off the rails. unless biden or someone else can get it back to the center, it is deeply disquieting to me on a fundamental level. stuart: thank you for being honest. we appreciate it. we do. thank you, sir.

let's get back to the anti-semitism revolution that wasn't. listen to what the president just said about the democrats. roll it. >> the democrats have become an anti-israel party, they have become an anti-jewish party and that is too bad. stuart: come on in please, farley weiss, national council of young israel, the president thereof. farley, do you agree with the president? >> i agree that this, what happened in the last week and really what's happened since the election of ilhan omar and rashida tlaib to congress is the first time that is two people have been elected to congress that are anti-semites. that we need the democratic leadership and democratic presidential candidates to condemn them, make it clear there is no room for anti-semites in the democratic party. what they have done, so far failed to remove ilhan omar from the foreign relations committee and failed to condemn them, that

is satisfactory to the american jewish community but americans at home. stuart: i know you heard what my colleague and friend doug schoen who appalled what is going on in the democrat party and we were discussing the proportion of the jewish vote for democrats in forthcoming presidential elections. will you advise young jewish voters not to vote for the democrat party? >> well, my position on them, we don't take positions on different candidates. i will point out that governor desantis in florida ran on a big campaign of being more pro-israel than his democratic opponent and he got 35% of the jewish vote in florida. it was only statewide election where israel and jewish is -- issues where major issue in a

campaign. three democratic, defended omar and her anti-semitism. that is very worrisome. seeing a person like doug schoen he may not vote democratic in the next election. this is watershed moment in the jewish community in america. stuart: i'm sorry it was short. this is jam-packed news day. what you said was very important. we appreciate you saying it. thank you, farley. >> thank you, sir. stuart: thank you. u.s. women's soccer team suing for gender discrimination. tell me please. susan: international women's day, less than three months until the women's world cup, reining u.s. champions, all 2on the team are suing federation for what they're calling wage discrimination. this follows on year-long debate and argument that the players have had with the union and with the federation. they're looking for equal treatment which they say that they are not getting.

in fact they feel they're not being paid at the same wage. they don't get enough support. working conditions are not great while representing u.s. soccer internationally. they argue that they are required to play more games than men's teams. win more of them and yet still receive lesser pay. stuart: okay. they made their case. got it. your hacking headline of the day. cyber criminals demanding thousands of dollars in ransom, from high school students after breaking into college application databases. what a story. we're on it. america's ambassador to china says the two sides haven't finalized a trade deal and there are no plans, concrete plans for a summit but the president says he's confident a deal will get done. where does this leave the talks? up next i will talk to someone who knows what's happening on the ground in china. ♪

♪ ashley: texas congressman lance gooden says walls work and construction on the border wall in his district is already underway thanks to the president's emergency declaration. roll tape. >> if we have a roaring, rapid river, we don't need a wall but in places where there are crossings that need to be stopped, the president want as

wall. with we have seen in san diego, walls were constructed, crossings went down. there are strategic areas we need a wall. that is what the president is pushing. that is what is happening right now. that is what the national emergency declaration is for. i'm told construction is underway in certain section is, entire wall, wherever homeland thinks it needs to be built, should be finish next few years if we continue to move in this direction if we have funding under the national declaration. ♪ after months of wearing only a tiger costume, we're finally going on the trip i've been promising. because with expedia, i saved when i added a hotel to our flight. ♪ so even when she outgrows her costume, we'll never outgrow the memory of our adventure together. unlock savings when you add select hotels to your existing trip.

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stuart: did we move the markets? ashley: why not? stuart: we can say it. ashley: we certainly can. stuart: we were down 130 just a few moments ago and then we dealt with i grabbed a muffin. markets come down. ashley: well-done. neil: deep breath. we're down 75. ladies and gentlemen, i get a break of about 90 seconds in the middle of the show every day and i grab something to eat. and i come back, sometimes rather breathless. please bear with me, folks. just getting my wind back. susan: take that very well. stuart: back to china trade. here we go. listen to what larry kudlow had to say earlier on this program. roll tape, please. >> if the deal doesn't work for the united states and our long-term interests, whether it's technology, i.p. theft,

enforcement, commodities, tariffs, if the deal doesn't work for america's long-term interests then it is not our deal. stuart: michael pillsbury is with us, hudson institute china strategist. michael, i asked larry kudlow what makes an historic deal and he outlined it. and he said, that is what is written down on paper and it would be an historic deal. what do you make of it? >> well i was listening carefully to larry kudlow. i'm a larry kudlow fan. i think he does a superb job reflecting the president's views but, stu, i have got to chastise view, i think you misinterpreted what he is saying. he diddlies several things he thinks ought to end. intellectual property theft, forcible technology transfer and so forth. china has not promised to end these things. china denies it ever did it. so the chinese view of the trade agreement i can tell you a little bit about. there are 10 points they wanted. think they got some of their

points. one of them, stu, we can make a little bit of news here, they want to bid on american government infrastructure projects. now this has been talked about as a one trillion dollar plan. that is a very big concession to the chinese, that they're talking about over in beijing. they are bragging what they got out of this agreement. the second thing larry said that is very important, i think you misinterpreted it, larry said the talks are still going on. there is telephone conversations, there's meetings. in other words the deal is not final two weeks ago. many people thought it was a final deal. it's a not. it's still going on. just to accentuate that, china's commerce minister, a very high-ranking guy, told "the new york times" yesterday, it is page one today in "the new york times" business section, we have a lot of work to do and we're still negotiating. now that's serious. that is not good news. stuart: michael, wouldn't you expect that? you are going to have a lot of backwards and forwards. they have got it on paper. they're finalizing details. who will say what.

you would expect -- >> no no. no. stuart: wouldn't you expect the negotiating processgo right down the wire? >> what larry kudlow told you is also important. he said the chinese delegation when they were here two weeks ago they agreed to this text. now we have to go through the filter he called it, which is correct, of president xi himself is and the politburo. that is not done yet. chinese demands the 10 points they wanted made public by them back in may, that's got to be addressed. some are pretty serious demands on the chinese side. they want to break into the e-commerce payment system, have it blessed by the u.s. government. on their side, this whole enforcement mechanism is based on companies coming in anonymously, making a complaint, having their identity protected somehow a promise, larry said this very clearly, that they will not retaliate if u.s. puts tariffs on to punish them. i can't imagine china never accepted that.

that is violation of chinese sovereignty. we have a long way to go still. one can be optimistic in the end. larry told you, i'm not here to be bearish. one can take the view. there is plenty more to do. we can't minimize that. stuart: michael, you know what is going on. we appreciate your input on this. thank you very much indeed. >> i'm not hear to be bearish either. stuart: we'll see a lot of you in the next few weeks. i can tell you that. michael pillsbury, everyone. >> thanks. stuart: democratic congressman jerrold nadler ramp up his investigation into president trump's businesses and his family. is it out of bounds for the congress to investigate ivanka trump and other children of the president? we're on it. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade.

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stuart: breaking news. chelsea manning has been jailed for refusing to testify to a grand jury probing wikileaks. manning is a former army intelligence analyst who sent archives of secret documents to wikileaks in 2010. in custody. democrats are ramming up the -- ramping up the investigation into the president, this time going after his children. joining us florida congressman ross span knows. shouldn't the president's children be off limits? >> absolutely, stuart.

at this point it has become a farce. the dems taken political process really into the gutter. it has been 2 1/2 years, almost 2 1/2 years of investigation. nothing has been demonstrated as far as russian collusion. now there is an effort over next two years to mud city waters as much as possible for the 2020 press lendings election. neil: that is all it is. his children have been involved in his businesses. that is what they're investigating. is that not legitimate? >> his children have been involved in his businesses but to what extent will we allow fishing expeditions like this? what amounts 81-point fishing expedition every area, every aspect of the president's life? i mean, come on, there has to be boundaries at some point? stuart: i agree with you, congressman. i do indeed. i know you're pushing for more small loans for businesses. i'm sure that is a good thing, but the problem that small business has at the moment is, not so much money it is finding qualified workers to fill the open positions, isn't it?

>> well i would agree with you. i think the problem is an issue of finding labor, but the access to capital is also important. you have to remember what dodd-frank did was it really forced many of the smaller banks in many of these rural communities to shut down. really the access to this capital for young businesses who want to create, want to grow is not there, from the smaller banks. so we need to do, i think more to help those folks. however, the job force is an issue. i hear constantly back in my district the problems that small employers, particularly are having with access to qualified labor force and so, i mean obviously, this is a by-product of a great economy when most people have jobs, right? really employees market but we have to do more to create an environment where we are training people that are qualified and ready to work in the workforce. stuart: you're right, smaller rural banks got clobbered about by dodd-frank after the crash. that's a fact. congressman spano, thanks for joining us, sir. >> stuart, it is a pleasure.

stuart: yes, sir. despite today's jobs number, disappointing in terms of number of jobs created i still think it's a great time to be a worker in this country. waynes are going up. job openings are near record highs. you will get my editorial, my take on that, coming up next. ♪ as the one who is always trapped beneath the duvet i'm begging you... take gas-x. your tossing and turning isn't restlessness, it's gas! gas-x relieves pressure, bloating and discomfort... fast! so we can all sleep easier tonight.

stuart: just put aside today's jobs report for a moment and look at the much bigger picture. here's my headline. it's a great time to be an american worker. now, okay, that's quite a statement, stuart. well, i'm sure that aoc, bernie sanders, elizabeth warren and all the other socialists would disagree entirely. to them, it will never be a good time to be an american worker until capitalism has been banished. dream on, comrades. costco workers just got a pay raise, the second in a year. nobody at costco will earn less than $15 an hour. they have started offering paid parental leave to hourly employees. i think that's pretty good. doing this from -- they're not doing this from the kindness of their heart. they're doing it because america is a fully employed economy and they want to keep the workers they've got and attract new ones, too. so you make things better. that's how capitalism works and it does work. about full employment. there are about seven million

jobs going begging, unfilled positions. can you show me any other industrial democracy can so many vacancies? no, you can't. europe, oh, that socialist paradise, is sliding into recession. unemployment is rising. don't they wish they had a few million job openings? don't they wish they had a sharply rising wage rate? we do. don't they wish they had a growing economy? that's what we have. don't they wish they had an expanding manufacturing sector? that's what we've got. and don't they wish they had a capitalist economy? probably not, because socialism is deeply ingrained in europe. putting aside today's jobs number, look at america overall. 700,000, almost 700,000 new jobs created in the last three months. wages rising at the fastest rate in a decade. cheap energy, cheap food, major corporations scrambling to keep and attract workers. it is a very good time to be an

american worker. the third hour of "varney & company" about to begin. stuart: well, why don't i continue with my editorial, because president trump apparently approved of it. he tweeted this before leaving for alabama this morning. quote, this is as good a time as i can remember to be an american worker. we have the strongest economy in the world. stuart varney, so true. again, mr. president, thank you very much indeed. we are very glad you're watching thanes t and that's the truth. scott martin is with us. what do you have to say about my editorial? i will repeat it. i think now is a terrific time to be an american worker. where am i going wrong? >> i think you are right on point, stuart. i love the comments about europe. especially to somebody like myself who lived in europe for several months in 1999 doing studies, if you will, on the

eu eurozone and the introduction of the eurocurrency. i will tell you what else is funny about europe. given how their culture has embraced the socialist attitude, the very anti-corporate attitude, gosh, look at their economy growth as far as how that's performed since the ecb has been formed in the late '90s. they are probably in the midst of one of their longer recessionary or slow growth periods now that they have ever had since the ecb was first enacted. they have a lot of problems there versus here, where you have the democrats telling companies they need to have certain benefits and certain wages paid to workers versus other companies here that are saying well, you know what, we're just going to go ahead and increase those numbers and those benefits like you talked about, because they want to keep workers. they want to pay their workers more. they want to get good quality work. it just goes to show you how much better it is when companies can operate on their own accord versus what the government tells them to do. stuart: if you check stocks as of this moment, the dow industrials are down over 100 points. it's a bit of a selloff across

the board. scott, now listen to what president trump said just before he took off for alabama. roll tape. >> we will, i think as soon as these trade deals are done, if they get done, and we're working with china, we'll see what happens, but i think you're going to see a very big spike. a lot of people are waiting to see what happens with the china deal. mexico, canada is done. we'll be submitting to congress very shortly and that's a great deal for the united states. stuart: let me repeat what the president said there. we'll get a nice spike in the stock market if and when we get a china trade deal. what do you say to that, scott? >> i think that's a fair call. i just am not sure how long that spike is going to last. if you can believe it, we have been kind of in this trade war, if you will, or this trade tiff, this tussle, with china over a year now, if you can believe it. the market is starting to kind of get on its own druthers on other things in the sense of looking past some of these issues with china. not to say it's not a big deal,

but just that when the deal comes down the road here, and maybe it's in a couple months, maybe it's even next month, the market's probably going to bounce a little bit but i don't think it's going to be as pronounced as maybe it would have been six to eight months ago. what i will say will happen is the market is going to be very forward-looking on how we can enforce this deal because as we have talked about many times on this show, the deal could look great on paper, but if china lives up to it, that's really the key going forward and that's something that's going to take years to really pan out. stuart: i've got 30 seconds. i want to talk to you about kroger and costco. i believe you just bought both of those stocks. is that accurate? >> we have actually had costco much longer. we have had costco for about a year now but love that area, as far as they are going to dominate just alongside walmart and amazon. the world is big enough for the three of them. kroger is an interesting one. really stinky earnings yesterday. the stock took a big hit but it was on a lot of one-off factors including gasoline prices in the fourth quarter. they are spending a lot of money to compete with that last mile delivery amazon is talking about so i think kroger is one of

those names you can get into off this pull-back in that they are going to still be able to compete, they will still be out there. country's largest grocery store chain. i like them. stuart: got it, scott martin. thanks very much indeed. have a great weekend, young man. thanks very much. >> yes, sir. stuart: now, something, this is a little different for us, okay? spreading our wings a little here. i want to bring in our resident millenial, the host of the podcast "relatable." she joins me in new york today. you've got a problem with spotify because as i understand it, they removed your podcast, just took it off, took it off their app at least for awhile. why did they do that? i've got a suspicion they don't like you conservatives. >> i'm not really sure. they didn't give us an explanation. of course, the company that distributes my podcast reached out and a lot of my listeners reached out asking okay, why did this happen and it wasn't just a few episodes were gone, but the show in its entirety was gone. they said we're not able to comment on that at this time and

they didn't really give us a reason for why it happened. but we do know the southern poverty law center is employed or is used by spotify to look through for hate speech, what it considers to be hate speech and offensive whatever it is, offensive conversations on spotify. i'm not sure if that was a part of it. but this morning after lots of complaints, it's back up still. maybe it was just a glitch. stuart: maybe it was just a glitch. >> maybe. maybe so. stuart: i see that wink. okay. i want to get your opinion on the congresswoman ocasio-cortez. she says that freshman democratic women of color are quote, being treated differently and targeted. i think sometimes you have been targeted. you are a woman but not a woman of color. what do you say to this? >> actually, i agree with aoc they are being treated differently. what i mean by that is they are being coddled. you hear all of these democrats coming out in defense of ilhan omar saying she just doesn't know, she's got a lot to learn,

we need to give her some grace. as if she's not a grown woman in her 30s who knows what anti-semitism is. they are being treated differently because they are being treated with kid gloves. instead of being held to the same account that steve king was, which he was held to a high account for his words, i think ilhan omar should be as well. they need to grow up a little bit, realize they are in the big leagues now and will be treated like it. stuart: i think speaker pelosi lost control. >> totally. yesterday i asked the question who is in charge of the democratic party. is it nancy pelosi or is it these freshman democrats? it seems like these freshman congresspeople are the ones who are calling the shots. they are too scared to mess with them so they let them say and do what they want. stuart: they are driving the moderates out of the party. where are the moderates? joe biden hasn't said anything yet. mike bloomberg is not going to get into the race. where are the moderates here? who is going to restrain this particular group? >> i think that the mainstream democrats, now considered the conservative democrats, nancy pelosi, if you can believe that, are afraid of the millenial

vote. they know millenials for whatever reason are attracted to socialism, attracted to people like aoc and they don't want to mess with that. they need the vote. they are even trying to lower the voting age to 16. high schoolers who love socialists as well. so i think that's why. i think they are being delicate for that reason. stuart: i'm glad you got your padcast back on. >> me, too. stuart: good to see you in new york today. good stuff. president trump is currently en route to alabama. he's going to survey the damage from the tornadoes there. he's expected to land in about 20 minutes. now, he may talk to reporters again. he may. if he does, you will definitely see it right here. got a bright spot on jobs. the administration wants to expand the number of people who automatically get overtime pay. we will tell you who would qualify if this change takes place. the end of the government's fiscal year, september, is the time where agencies look at their budget and decide how to spend the money that they may have left over.

we've got the numbers. over two million taxpayer dollars were spent on lobster. ashley: lot of lobster. stuart: i knew respect going to say that. wait until you hear what else they spent your money on. we will tell you. ♪ what do you look for when you trade? i want free access to research. yep, td ameritrade's got that. free access to every platform. yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no trade minimums. and yes, it's all at one low price. td ameritrade. ♪

termites, we're on the move.24/7. roger. hey rick, all good? oh yeah, we're good. we're good. termites never stop trying to get in, we never stop working to keep them out. terminix. defenders of home.

stuart: you know, we love to talk about money on this program and i can't remember the last time i dropped a few million dollars on a crab dinner. that's exactly what the defense department did. they used up the extra money that they had left over, listen to this. they spent $2.3 million on crab legs alone in september of last year. and another $2.3 million on lobster tails in that same month. i guess the defense department's going to work off all that seafood with this. $7.6 million went to workout equipment. who could possibly forget the $1.6 million spent on golf carts last year? crazy numbers. ashley: i guess part of that, if you don't spend your money in this year's budget, you're not going to get it next year so you go all out. it's ridiculous, it's your money, my money. especially when you go to the white house, you get hamburgers. stuart: that's how government

works. ashley: that's right. if you don't use it, you lose it. stuart: you have to spend it at the last minute. ashley: you would think they could find stuff -- stuart: well, that's another story. jokes aside, let's get to the crisis on the border, and it is a crisis. border agents in el paso just in el paso, say they have arrested 36,000 families in the last five months, just in el paso. the former acting director of i.c.e. is with us. that's a staggering number, john. i guess it's because if you come across with children, they can only hold you for 20 days and then they have got to let you loose. that's what's happening, isn't it? >> that's part of it. the other part of it is with the sheer numbers of people that are coming across, i.c.e. doesn't have the capacity to detain people very long. when you come here, you make an asylum claim, your case will drag on for months, maybe years, there's no disincentive for coming. stuart: i call that a crisis. i think we are being swamped. i think it's deliberate and i think the democrats are provoking it by open borders

policies and sanctuary states and sanctuary cities. that's my point of view. >> well, i'm not sure i agree 100%. i don't think the sanctuary policies are what's encouraging people. i have to be honest, i think the problem is congress, democrats and republicans, have failed to fund the system that adjudicates these claims. for that very reason, when you have 76,000 people coming across the border in a month claiming asylum, that means the cases are going to take years. when they take years, you know, people are going to come across. that's the only thing that works from a deterrent perspective. quite candidly, the wall's not going to work to stem the flow. detention doesn't work to stem the flow. we have to move the cases quickly. 90% of these people aren't eligible for asylasylum, they l their cases but it's years before the decision is made. that's the crux of the problem. stuart: the senate votes soon on the president's declaration of a national emergency. it could be voted down. what do you make of that? >> look, honestly, from a border security perspective, in terms of the crisis we are facing right now, i do not think it's an effective solution whatsoever.

so the senate votes it down, the president vetoes it, the thing goes to court. even if the wall, even if congress appropriated all the money for the wall today, it would be months if not years before there's any meaningful construction. even then -- stuart: the president tweeted this morning that contracts are being signed, that the border wall is being built as we speak. he tweeted that about 8:30 eastern time today. >> yeah, i have no doubt some border wall is being constructed but a lot of that is private land you have to go through eminent domain proceedings, try to buy the land. there will be a million different lawsuits, environmental lawsuits, private land holders trying to sue the government to stop them from taking their land. the wall itself will not be the cure-all. the only way to do this is to move these cases quickly. they have to get moved through quickly. we are not doing enough there to try to expedite the processing of these cases. stuart: i have to bring this to your attention. a head line from san diego's nbc affiliate claiming u.s. customs and border protection people, i.c.e., and the homeland security people, are keeping a list of journalists who cover

the migrant caravans and is tracking those journalists. what do you make of that? >> yeah, that's alarming, obviously. listen, dhs has a right to investigate what's going on with the caravans. if there's somebody behind it, encouraging the caravans, dhs should conduct an investigation. however, what's going on there is beyond that if it's true. we don't know all the facts yet but if it's true journalists are being targeted and their ability to cross the border is being restricted where they are being put on lists, that's really disturbing. the key is we don't know all the facts. i hope the inspector general is looking into this. i hope they do it quickly. stuart: john sandweg, i.c.e. guy, thanks for joining us. appreciate it. two items on elon musk. first, he could lose his government security clearance because he smoked pot on the joe rogan podcast. they don't want him sending rockets to space if he's high. he also has until monday to prove to the s.e.c. that he didn't violate an agreement when he tweeted about tesla. okay.

bloomberg compiled a list of the top business schools picked specially by headhunters. is your alma mater in the top five? we will reveal them to you. spring break. florida officials getting ready for one of the largest spring break crowds in history. one city in florida that normally discourages spring breaks is actually welcoming them to come party. why did they change their tune? i have a pretty good idea. we will head to the sunshine state, next.

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stuart: i do apologize for the lack of a good list on the show today. we have been spending far too much time on that geneva motor show. ashley: we don't have a story today. how about that. stuart: but we have a list. 3,700 headhunters rated the 30 best business schools based on things like student diversity, creativity, value. they rated each school on a scale of 1 to 5. 5's the best. what's the number one, he asks? stanford university in california had the highest average score, 4.27%. number one. number two, georgetown.

three, yale. four, carnegie mellon. five, berkeley. you kidding me? you go to berkeley to get a degree in business? ashley: but not in free speech. stuart: good one. very good. another college story. fort lauderdale, florida may have one of the largest spring break crowds in state history because it's so cold up here in the north but rick leventhal is taking one for the team. all right, rick, you are going to tell us which town in florida is inviting spring breakers back this year. which is it? reporter: wait. is it cold up north? stuart: very funny. reporter: is it cold? because i have to put on some more sunscreen. i might be burning. i think maybe more sunscreen would be in order. stuart: get on with it. reporter: they are expecting record crowds here in fort lauderdale. that's why they put these barricades along the street to make sure the people stay out of traffic. most of florida bracing for an

influx of spring breakers for the next few weeks, because it is so cold up north. so they are flocking down here not just to fort lauderdale but to miami, daytona and all the way to pensacola beach. the place that wants the kids to come back is panama city beach, which as you know got torn up pretty badly by hurricane michael six months ago. a few years ago, panama city banned drinking on the beach because of some bad things that were happening up there, but now they're like hey, we need you college kids to come back, we want the revenue, we want the resources, and they say they are ready. they have done enough cleaning up that they can handle an influx of college kids but a lot of the hotel rooms are actually booked by families who haven't yet been able to return to their own homes because they are still cleaning up after that storm. the tsa says nationwide, they expect a 3% increase in travel over this spring break season but here in florida, they are talking about a 5% to 6% increase and in tampa, almost 9% more travelers through those security checkpoints. so 80,000 to 90,000 people every

single day. here in fort lauderdale, authorities are reminding people there are rules to follow when you are here and that includes no booze, no coolers on the beach. you're not allowed to drink on the beach in fort lauderdale, or else. just keep that in mind if you are headed down this way. stuart: i will keep that in mind along with the temperature. thanks very much, sir. see you again real soon. we have disgraced pharmaceutical executive martin shkreli might be locked up in prison but that's not stopping him from running his company. the "wall street journal" says he is doing business on a contraband cell phone. next, we are talking to a remain toer corrections officer who was shot six times because of a hit organized by an inmate with a contraband cell phone. got it. any moment now, president trump will land in alabama to survey the damage from those tornadoes. he may talk to reporters. if he does, you will hear what he's got to say right here. ♪

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stuart: president trump's arriving now in fort benning, georgia. in a few moments he will jump on

his helicopter, marine one, and go off to alabama to survey the damage from those tornadoes. and meet with survivors as well. okay. we will keep you up to date on where the president is. check the big board. now we are down 90 points. that's it. 25,380. tesla's chief, musk, has until monday to prove to the s.e.c. he didn't violate an agreement with them. he wasn't supposed to tweet about tesla's sales but he did anyway. he may be suspended because of it. mark chenowith is with us, former justice department official and director of the civil liberties alliance. what's he looking at? what could the s.e.c. do to him? >> well, they are going to try to get the judge who oversaw the prior settlement agreement with him to issue some sort of fine against him, perhaps as they try to get him, as they did successfully get him to step down as chairman of tesla. they may try to have him suspended as ceo for some short period of time. stuart: oh, okay. short period of time.

so they could do that. the s.e.c. has the power to say you shouldn't have done that, we are suspending you as ceo? they can actually do that? >> well, that's up to the judge. the s.e.c. can't do that on its own. stuart: what do you think will happen? you think the judge will do that? any idea? >> i hope the judge doesn't do that. i think that that would be overkill in this case. the agreement elon musk reached with the s.e.c. was that he would try to comply with a series of things which he's already complied with, one of them that he would be more careful with his tweets, that he would run the tweets by folks, other folks, compliance folks within tesla, and to me, it appears that he was trying to comply with that here. he put out a tweet, it had an inaccuracy in it and he tried to correct that fairly quickly. so i don't think that the damage here was material and i hope the judge sees it that way as well. stuart: okay. i understand. now, what about this. he could lose his government security clearance because he smoked pot on the joe rogan podcast.

really? is it just because he's the ceo and you're not supposed to smoke weed? what's the rule he broke here? >> good question. the s.e.c. needs to stick to securities law, i think. if he broke a criminal law, that should be up to someone else to enforce. the s.e.c. is looking out for the interests of investors and i think that it's a bridge too far there. stuart: if they're looking out for the best interests of investors, he gets away with everything. i mean, there's no serious penalty ever really been imposed on him. he had to step down as chairman. they got somebody else in. they fined him $20 million. he can afford it. he's never really seriously affected by all that he's done. >> well, i assume that he thinks that being forced to step down as chairman is a serious penalty. i don't think that's something that he wanted to do. but i think the question back

would be he has given $20 million in penalty, that's what the s.e.c. asked for. if that was commensurate with what -- the violation that was alleged, what more needs to take place? stuart: you kind of like the guy, huh? >> well, what i don't like is when the s.e.c. gets its teeth into somebody, it seems that they don't want to let go. it's not clear to me that this tweet in particular has done anything that's really worth coming after mr. musk for. stuart: okay. look, we value your balanced opinion. we appreciate it. thanks very much for stopping by today. we will see what happens on monday, i guess. thank you, sir. i've got more on tesla, more on elon musk. they have announced a new more efficient charging apparatus for the model 3. they say you can get 1,000 miles on a one-hour charge, or you can apparently super-charge your tesla in five minutes to get a range of 75 miles. charging stations improved. now this.

martin shkreli, remember him, the pharma bro, snickered in the face of congressional questioning, jailed for securities fraud? now he's under fire for reportedly using a contraband cell phone in jail to run his company. captain robert johnson is with us, a former corrections officer. i understand you had your own experience with contraband cell phones in jail. take me through it, please. >> yes, sir. in state prison in south carolina, we had an epidemic of cell phones. my team and -- my contraband team which i think i had the best contraband team in the state if not the nation, we were hurting the gangs severely. one of them decided they had had enough so he put a $6,000 contract on my life and he paid an ex-gang member who just got out $6,000 to kill me. on march 5th, 2010, one day before my birthday, he kicked my front door in and shot me six times point-blank with a .38.

that's like, each one of those bullets traveled 755 feet per second. that's comparable to a car hitting you at 214 miles an hour, six times, with a cell phone. he orchestrated it and paid for it using a cell phone. so they started this and i'm on a mission to stop it. stuart: what do you say, i mean, we have this report that shkreli is running his business on a contraband cell phone. he's not trying to kill people, apparently, but he's running his business. what do you say? what's your opinion on him? >> he's doing what every other inmate, if they had the opportunity to do, will do and are doing. the inmates are running all kind of scams, they are running sex scams, people think they are getting a call from a telemarketer at night. that's an inmate calling. they are in all kind of things. they are calling hits on 9 month old babies, killing them.

three locked up inmates in three different facilities called a hit on a 9 month old baby, 2014. all inmates that can get cell phones are going to get them and they are going to use them. charles manson had two. like candy. if they can get them they're going to use them. stuart: you're not supposed to have a cell phone while you are an inmate, i take it. they are banned, aren't help? >> they are banned. an unmonitored cell phone is banned. some departments have what they call a closed circuit cell phone, it's on a closed net. that's monitored. but a cell phone that's not monitored is like a weapon of mass destruction. it enables the inmate to do things far beyond his normal capabilities. which you just talked about. how can you run a business and you're locked up? stuart: good question. captain, thanks very much for sharing your situation with us. you look like you are fully recovered. i take it you're okay now. >> no, i'm not. i'm in pain 24/7.

i have severe medical problems. i walk with a cane and i have severe medical problems. those six bullets did not mess me up. [ inaudible ] came to me and wanted to help me. they are getting information out that we have to do something. this is the tip of the iceberg with cell phones. if we don't do something, we will be like the south american countries. we will be overrun, inmates will be running and doing whatever they want to do. that's not right. that can be stopped. stuart: captain, thank you very much. thank you for being with us. we appreciate your input on the program today and for revealing this really dreadful problem. thank you, sir, appreciate it. >> thank you. stuart: i will give you some breaking news now. michael avenatti's law firm filing for bankruptcy. more, please? ashley: federal bankruptcy protection. this is the second time this has

happened in two years. he was supposed to, avenatti was supposed to go to court tomorrow in california to answer questions that a former partner at his law firm claims he's been hiding millions of dollars in legal fees from creditors. he was supposed to testify in that but late last night filed for federal bankruptcy protection so that puts all of that on hold. suffice to say he's got some legal issues to deal with. stuart: mr. avenatti. thank you. senator elizabeth warren says break up those big tech companies. she's going to announce regulations aimed at amazon, google and facebook. the trump administration wants to expand the number of people who automatically get overtime pay. we will tell you who would qualify under the new system. that's next. comcast business built the nation's largest gig-speed network. then went beyond.

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stuart: we started the market this morning couple of hours ago with a downside move. we were down 200 points. it was a somewhat disappointing jobs report and we heard some disappointing news about china trade. then president trump came out, made some statements about china trade and what did he say? ashley: he said he was confident we can get a trade deal done with china but in the same breath, says but look, if we don't, we're going to be just fine either way which is kind

of, you know, of course he's hedging his bets as they say. it wasn't a very -- it was a bit of a tepid summation, if you like, where the trade talks stand. i think the market's reacting to that. these markets have been treading water all week and have been to the downside because people are taking the profits they've had since the beginning of the year. stuart: been a rotten week. tomorrow, the tenth anniversary of the start of the bull market. back in a moment.

stuart: there's the president's helicopter, marine one, of course. the president is about to land i think air force one has landed. that's at fort benning, georgia. he would be descending the steps of air force one momentarily and will jump into the helicopter and off he goes to alabama. now, he may talk to reporters. if he does, you will hear exactly what he's got to say. then there's this. the labor department wants to expand the number of people who automatically get overtime pay. currently, only people who make less than $23,000 a year are entitled to it. under the new proposal, the president would raise that threshold to $35,000. that's a $12,000 difference. it could affect more than a million salaried workers. really? ashley: that's interesting. stuart: now you can get overtime all the way up to $35,000, i guess. got it. there are only 20,000 new jobs reported for the month of

february. i still say it's a great time to be an american worker. who's here? kane kalimari, frequent guest of this program. you, sir, are going to tell us about retail ice age has nothing to do with you at all. you are expanding, i think, is that correct? >> yeah, that's correct. thanks for having me on, stuart. i would say this. the success we're having is really exciting. we are in our 95th year of being in business. we've got 5200 stores in 66 countries. we do about $16 billion in retail. our independently owned and operated stores had a great year in 2018 and they are even more excited about 2019. we have had a great streak, nine years in a row of increased same store sales. we have record sales and profits for five of the last seven years. and we opened 173 stores in the united states and if you look across the globe, we opened 257 stores so the retail landscape is changing, but i see it this way. the helpful hardware folks are

fighting and winning. stuart: you are a different kind of retailer. you are a different category. you have to go into a hardware store because you are probably running about 6,000 different items and the consumer hasn't got a clue as to where to find each little nut and bolt. you are tailor-made for expansion. >> yeah. we love when customers come in and they have problems, because our 70,000 red-vested heroes on the front lines belly to belly with customers are solving problems and the other thing we love is the families that own our businesses, they live in the communities they serve so when you go to church with your customers and you go to little league games with your customers, you are going to do a great job of serving them and the model's working. stuart: are you a franchise business? >> no. we are actually a cooperative. we love being a cooperative and basically it's privately held and the folks that own the stores in the domestic united states, the families that own the stores, they also own the company. what we love about it so much is it allows independence.

it allows them to do what they need to do to survive and thrive in their individual community. stuart: that's very different from a franchise model. thanks very much for joining. that was interesting. i will be in your store pretty soon. that's a fact. >> we appreciate it. thank you. stuart: more pot stirring from presidential hopeful senator elizabeth warren. this is a big deal here. she wants to break up those big tech companies like facebook, amazon and google. break them up. deirdre bolton is with us. how does she want to do this? >> she has three ways at least for starters. appoint new regulators to take apart the mergers that have already been done or the pieces they have already built. she wants to separate instagram and what's app for example from facebook. she wants to take whole foods back from amazon. she wants to undo the merger that google did with nest and maybe google wants to undo that because it hasn't worked out so well. that's another story. she essentially wants to bar the tech giants from providing a marketplace and then selling their own goods which is clearly

directed at amazon as well, and then ban companies from selling third party data. which is going to put a whole new committee, regulators in there. obviously this is never going to happen, in my humble opinion. she's just making a statement as she's running for president. stuart: obviously, but i don't see how you can do that. how can you undo a deal signed, sealed, delivered, in practice for many, many years? isn't that unconstitutional? >> i think it's also an incredible waste of time and energy, but that said, we can't be laughing it off too easily because microsoft was declared a monopoly in europe, and it basically knocked it off its game for about a decade. stuart: it did. >> i also want to say, she is not the only person calling for reform. there has actually been a guest on your program, granted, he's a former hedge fund manager, now teaches at nyu, and i reached out to him, i said what do you think of this. he said i think this makes warren the intellectual head of the democratic party and he said everyone else is complaining about high tech and she's

actually outlining how to break it up which is different than klobuchar or sanders, who kind of complain but don't actually have a how-to. for better or worse, she's proposing a how-to. she also has a rally tonight in long island city, queens, which is where as we know, amazon was supposed to go. i reached out to assembly member kim because i had been over there reporting on that, he said i have always thought big tech was a monopoly, it's hurting our democracy, hurting our system of open markets and competition. that's actually where this could get interesting. these are not the only people saying it's hurting competition, it's hurting you from developing the next amazon. that's the one argument that i feel like could actually push this a little forward. he says he applauds senator warren. stuart: what kind of reception does she get in long island city, which rejected amazon? >> i think it will be very positive. if you have alexandria ocasio-cortez and the whole kind of troops that were there -- stuart: is she going to be there? >> not that i know of. but that group can organize

quickly. stuart: what a story. it's a big deal. >> it is a big deal. stuart: thank you very much. okay. now breaking news. here we go. bill shine, white house deputy chief of staff for communications, has resigned. know anything else? ashley: we know he put in his resignation letter last night. it has been accepted by the president. he will serve as adviser to the 2020 re-election campaign of donald trump. bill shine saying it's been the most rewarding experience of his life but now he gets to spend more time with his family while turning to the 2020 campaign. stuart: that's an important detail. not a detail. a fact. he's out of the white house into the trump campaign. okay. now, you are not totally crazy if you think your old iphone has slowed down. it has. apple did it. next, we have the details. did you know your iphone is keeping a list of all the places you have been to? i want to know how to turn it

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stuart: the president has emerged from air force one.

he is in fort benning, georgia. he's come down the steps there and he's now meeting the assembled dignitaries. he and the first lady. they are going to be on their way to alabama momentarily. he will walk across the tarmac there, get straight on to marine one. we are showing you this just in case he stops and answers some questions shouted to him by reporters. doesn't look like he's going to do it. looks like he's going straight out there to get on marine one and then hence to alabama, where he will arrive very shortly to inspect the damage from the tornadoes there. if there's anything comes out of him walking across the tarmac, any questions answered, you will know about it real fast. i want to -- i'm going to leave that up so you can see it, see what's happening. but listen to this. if you think your iphone is more sluggish than it's been before, you're not alone. apple introduced a feature that slows down your phone as the battery gets older. our next guest knows how to fix it. i'm not sure how i understand the fix but he's here. >> very simple. very simple.

go to settings, and you scroll down to battery. click battery, when you get there, and you scroll down there, go to battery health and under peak performance capability, if your phone is being slowed down, you will have an option there to turn that feature off so that your phone goes back to a faster performance. once i did it on mine, it was being turned off, it was being slowed down, once you turn that off, it won't turn -- i can't show it to you because it's gone, because it's disabled once you disable it. stuart: it can be done? >> can be done. takes two seconds. stuart: does your battery run down faster? >> that's the other side of the coin on that one. it will actually shut off if your battery is going through something really fast. stuart: why would apple do this to you? >> it's actually a really smart thing. on their side, they want your

phone to stay active as long as possible so that you don't run out of battery in the middle of the day, and at the same time, slowing it down just a little bit doesn't bother many people. it's a i need to plug in my phone more often that is the answer to that one. stuart: do you enjoy this? >> i love it. stuart: in your spare time. >> i love little secrets. i love winning back things that have gotten taken away. >> a victory for consumer. >> it drives me crazy. >> does it? stuart: i can't navigate properly. >> i'm here for you. ashley: did you work out your gmail password yet? >> stuart: what is your password. what is your password. ashley: some teenager in rush that has it. stuart: i'm surprised i sill got it and functioning.

>> we all get frustrated with technology. it has been a huge breakthrough to have a smartphone. stuart: look, i'm going to settings. i, i'm in settings. all right. what do i do? >> battery. stuart: where is that? got it. >> scroll down. battery health. stuart: got it. keep going. >> scroll down until you see peak performance. read that to me. stuart: your battery's health is significantly degraded. apple authorized service provider can replace full capacity. >> you qualify for battery replacement. you could tap the blue line. we'll take to you the support page. for others it will show, it will show you ability to disable the peak performance capability. meaning they won't turn your.off anymore. ashley: right. >> you learned that you can get a free battery.

but not free -- stuart: where do i go to get free battery? >> go to apple. not free. $29. stuart: how long to take one in and. >> make an appointment. ashley: you won't happen. stuart: i won't spend my life doing this. take it to the apple store. got to get this in. hold on. it is friday. we're rushing here. breaking news from the white house, actually, bill shine, white house deputy chief of staff for communications has resigned. he is going to the trump campaign. ashley: he is. he is becoming a senior advisor for the 2020 re-election campaign. he offered his resignation last night. it was accepted by the president. the president praising him by the way saying he has done an outstanding job. bill shine saying i look forward to the re-election campaign. i love spending more time with

me family. stuart: bill shine is a good man. he ran this network. my time is up. i hope you have a great weekend too. ashley: without the phone. stuart: connell mcshane without is in for neil. connell: curt walking through the settings is great. my daughter does it too. welcome to "cavuto: coast to coast." stuart, ashley, and folks were talking about. i'm connell mcshane filling in for neil. stocks are down, the fifth straight day we've seen declines for the market. we had news this morning that the u.s. economy added 20,000 jobs in the economy, well below expectations. there wasn't all bad news in the jobs report. wages with the biggest increase in decades. we'll talk about it. first breaking news from the white house, bill shine, former executive at fox,