maria: have a great day. stuart varney begins right now. stuart: good morning, maria. good morning, everyone. first off, developments with boeing. the black box from the ethiopian airlines crash will be examined in europe. the pilot of that plane reported flight control problems before it went down. meanwhile, as of now, america remains virtually alone in still allowing the 737 max 8 jet to fly. an abundance of caution and passenger anxiety has grounded those jets almost everywhere. the faa says in a statement quote, our review provides no basis to order grounding the aircraft. boeing stock has been down for two days. right now, it's up about 1%.

that's in pre-market trading. boeing stock, $379 per share. outrage at the college admissions scandal. this story has everyone talking. rich parents using bribery to get their children into elite colleges. i want to say this. i want to heeditorialize. hollywood, take care of your own morality because you are not looking good. don't preach to me. let's get to the markets. going up this morning, apart from boeing's negative influence, it has been a good week for your money. the dow will open with a gain of over 60 points. s&p up about six. the nasdaq will be there with a gain of roughly 21 points. trade negotiator lighthizer says the u.s. and china are getting closer to a deal. that is helping the market again. stay with us, please. senator warren took money from the big tech companies that she wants to break up. question, has joe biden missed

the boat? "varney & company" is about to begin. stuart: let's get straight to the boeing story. dozens of airlines and countries have suspended or grounded the boeing 737 max 8 jets, except america. joining us now, senator marco rubio, republican from florida. mr. senator, should we, america, be grounding these planes now? >> i don't know. i think that's something we need to ask the manufacturer and the faa. i fly on planes all the time. i'm sure you do as well. frankly, i don't remember the last time i checked to see what plane i was on. but it's certainly something, look, here's the worst thing. if something were to happen, a lot of people would have to answer some questions. i don't think it's a moment for panic. we have thousands of flights every day and there are planes flying all over the country and all over the world but enough has happened here to at least ask the question to look at this more carefully and at least

explain to people why it's not a problem so people have a little more comfort about it. stuart: i want to move on to the huawei situation. you are pushing very hard to keep huawei, big chinese tech company, you want to keep them right out of america. make your case, please, sir. >> first of all, we can't think about huawei the way we do about verizon or at & t or these other companies. the chinese companies are very different than american companies. they are backed by the state, frankly supported by the state, and they have to respond to the state. they have to respond to the state for two reasons. one, because they have communist party members imbedded in the company, overseeing it. second, because chinese law says if we tell you to spy, you have to spy. in america, we can't get apple to crack open an iphone for the fbi. in china, huawei has to give the chinese anything they ask for. so imagine a country in which huawei now controls the routers and all the hardware, forget about the cell phones, all the pipes and cables and wires and everything, the cables, the fiber that all of this

information goes across, and they are the ones that built it and control it, and china decides you know, we want access to that because we want to steal commercial secrets or spy on america, we got a big, big problem when they are imbedded in your infrastructure. they should not be in business in america. stuart: this is a major fight, obviously. does it impinge upon the trade negotiations? >> it shouldn't, because it's a national security issue. it's a national security issue beyond anything else. this was some japanese company, south korean company, that would be a trade issue. this is a national security issue. there is no trade deal no matter how good it is that can make up for their ability to directly steal and spy on america, which is what huawei's presence in this country and not just this country, but in networks around the world, create a problem. a lot of this internet traffic doesn't just stay dodomesticall. it bounces all over the planet. stuart: to be clear, mr. senator, if a good trade deal with china were dependent upon america backing away from

getting huawei out of america, you would not take that good trade deal? >> no, i wouldn't. i saw ambassador lighthizer yesterday. i have a personal view on this. i don't think china is ready for a deal. i think a good deal with china is probably another year away. i think we can get a deal that in the short term improves the balance of trade, but in the long term, still devastates us. china's identified ten industries they intend to dominate and they intend to dominate by stealing and cheating their way to dominance. these ten fields will define the 21st century economy. we have been asleep. this is the first administration that actually does something about it and they put themselves in a pretty good leverage position. they have got to see this through. this issue will define the 21st century, the balance between the u.s. and china. stuart: senator rubio, thank you very much for taking your time today with us. i know you are very busy. we do appreciate your time. thank you. >> thank you. thanks for focusing on this. stuart: yes, sir. let's get to your money. look at futures moving up a bit now. we are going to be showing a gain of roughly 80 points at the opening bell. the nasdaq composite is up 23 points.

that's a solid gain, one-third of 1%. yeah, there you go. big techs, pre-market have had a terrific week and are up again today. look at this. apple is at $181. amazon, close to $1700. facebook is at $172. alphabet higher. microsoft pushing towards $114 this morning. now, presidential candidate elizabeth warren wants to break up amazon, google and facebook. on your screens, $90,000, that's the amount of money she took from employees of those companies between 2011 and 2018. liz peek is here. there was also $2,700 from facebook's sheryl sandberg just last september that went to elizabeth warren. what's going on? >> looks like a bad investment on the part of sheryl sandberg, right? look, i think elizabeth warren is trying to gain attention in a very crowded progressive field. her anti-bank crusade isn't

resonating the way it did back during the financial crisis. now she's turned her attention to every other industry. in fact, remember, it was less than a year ago that she rolled out the anti-business capitalism sort of reformation act which didn't get much traction, but which really would have changed forever the way our companies operate, putting government representatives on their boards, making them put employees on their boards. stuart: she wanted all large corporations to ask the government for permission to operate. >> yeah. it was really a shocking statement of again, her opposition to big business and i think -- but on this money thing, i think it's interesting to note she has come out with a very holier than thou pledge saying she won't hold big donor, you know, meet and greets, she won't try to raise money from wealthy people. so why is that? because she has $12 million left over from her senate campaign so she doesn't really need to do

the kind of finance fund-raising some of her competitors are. she's trying to distinguish herself saying i'm not imbedded with any industry, any wealthy donor. she's gone after tech and health care which are both the biggest industries in boston which is where she's from, i don't think she's going to raise money and frankly, i think it's going to put her out of the race. stuart: put her out of the race. >> i do. stuart: you saved the best til last. not necessarily the best, but -- >> no, i think it's quite possible. stuart: okay. i have one more for you here. this by the way is your alexandria ocasio-cortez story of the morning. she tried to ambush the wells fargo ceo. this, you got to watch. roll tape. >> why was the bank involved in the caging of children and financing the caging of children to begin with? >> i don't know how to answer that question because we weren't. >> since wells fargo financed the building of this pipeline in an environmentally unstable way,

why shouldn't the bank be held responsible for financing the cleanup of the disasters from these projects? >> which pipeline are you referring to? >> either. stuart: i'm a little confused. >> actually, she's very confused because they had nothing to do with the keystone pipeline which is one of the two she lofted as a possibility. as far as the dakota access pipeline, interestingly, this is a pipeline that was way overbuilt by the company that's operating it to prevent leaks. it has an extraordinary safety record. look, if i were advising aoc which i'm not doing, i would tell her to slow down. i would tell her to get her facts in a row. i would tell her to not make so many public appearances, to try and actually understand what she's talking about. i think the scary thing about this woman is she has enormous influence, particularly among the younger cohorts who will be an ever larger part of our electorate going forward, and i think what's really frightening is she expresses no interest in actually learning about the topics that she sort of

free-wheels about. she never, when she is rebuked or corrected, it's never like i will go back and study that. it's more you must be wrong and why are you focusing on unimportant details. if she heard what i'm saying now, she would say who cares what pipeline it is, they are all evil, they all contribute to climate change and it's this blanket condemnation of an enormously powerful industry in america that is basically keeping the lights on. that's the thing. does she really want to live in the dark -- anyway, look, if wells fargo is responsible, that's one step removed. she too is responsible. she drives around in cars. she is also one step removed. are you going to blame everyone involved in using our energy infrastructure? anyway, she needs to really kind of go back to basics and learn what she's talking about. stuart: stay there. we are not done with you. thank you very much. all right. check futures again. still a nice gain at the opening bell. looking at about 70 points up on the dow, 25 for the nasdaq.

verizon finally putting a price on its 5g service. looks like super-fast internet on your cell phone will cost you an extra ten bucks a month. i would pay that. however, that does not include the cost of a brand new 5g-ready phone. got it. listen to this. new york city's mayor bill de blasio has a new plan to save the planet. he's launching a meatless monday policy at all new york city public schools. serving children vegetarian meals only one day a week. we are going to talk to one of the few republicans in new york city, we found him. he's not happy about this one. nancy pelosi made headlines when she said she won't support impeaching president trump. she says he's just not worth it. some of her far left colleagues disagree. they are moving ahead with impeachment plans. big divide in the democrat party. we will deal with it, next. hey, who are you? oh, hey jeff, i'm a car thief... what?! i'm here to steal your car because, well, that's my job. what? what?? what?!

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cut drug prices now. stuart: now, we want to keep a close check on the futures before the market opens today. this is an indicator of where we're going. it's been a great week for stocks except for boeing. great week for stocks, it looks like it continues this wednesday morning. a gain of nearly 90 for the dow. you better look at the clothing retailer express. sales down, the stock is down 11%. get back to politics. speaker pelosi said in a "washington post" interview that president trump was not worth impeachment but not all her fellow democrats agree. congresswoman tlaib had

something to say about it. roll tape. >> you think president trump should be impeached? >> i'm so sorry, i have to go. >> do you agree with nancy pelosi? >> i think i have already made that clear. stuart: i believe she wants to impeach the president. herman cain is with us. welcome back. good to see you again. >> thanks, stuart. stuart: i think this is an unbridgeable divide between the far left and moderate left of the democrat party. what say you? >> well, there are 62 new democrat members of congress. three of them are the loudest people in the capitol that you continue to hear from. as dagen mcdowell said earlier on fox business, they keep sucking all of the oxygen out of the room and filling it up with hot air. now, let me make one other observation, stuart. if they had any evidence in order to impeach president

trump, the swamp would have already shared it with nancy pelosi and the other democrats. secondly, if robert mueller had any evidence of collusion, he would have already leaked it to nancy pelosi and the other democrats. so to interpret nancy pelosi's statement, he's not worth it, paraphrase, she doesn't have evidence and they don't have a case. but that's not stopping the three loudest new democrat members to continue to shout it to the rooftop. stuart: does it help president trump, does it help the republicans? >> i think it helps president trump because they keep coming up empty. they keep coming up with no facts. they keep coming up with no data. what it's doing is that it is exposing to a lot of americans who may not be sure of all of this poisonous rhetoric is that whether or not it's true or not. many americans are smart enough to begin to conclude that by

now, they should have shown us something. if they haven't, there must not be any truth to it. stuart: can you conclude that the far left has won in the sense that it really does now control the democratic party? >> no. and here's why. they don't control the democrat party. they control what the media, the liberal media, plays. all you hear are these three very loud new members and what they spew, and the liberal media doesn't even challenge them. so they don't control the democrat party but they are the loudest ones that the liberal megaphones want to pick up. i happen to believe that nancy pelosi, chuck schumer and the other democrats are still in control of the party. they're just not in control of the liberal media megaphones. stuart: you are a sound bite machine. you really are. you speak in sound bite. neat little 20-second bites right there. genius. >> i'm just trying to make it

plain for you and your several million viewers. that's all. stuart: another good sound bite, too. great guy. thanks. see you soon. >> thanks, stuart. sure thing. stuart: i will switch gears now. interesting story. more than $1 trillion in student debt, student loan debt, is outstanding. the administration may put colleges on the hook for this. ashley: yeah. they believe they should have a financial stake in a student's ability to repay government loans which ultimately comes from everyone here, from the taxpayer. in other words, make colleges and universities have some skin in the game. this has been talked about before on both sides of the aisle. elizabeth warren pushed for this, lamar alexander, the republican out of tennessee, was also pushing for this last year. but the white house is thinking about putting this in place. they are already -- also, they are thinking of making federal dollars, if those federal dollars go to universities, that has to be tied to the ability for free speech on campuses which i think is really interesting. that may come along as well. stuart: nice story.

thank you very much. this is the story that everybody's talking about right now. the college admissions scandal. big name celebrities felicity huffman, lori loughlin, accused of paying big money to bribe school officials and coaches to get their kids into top colleges. i just think the elites have a huge problem with this. more after this.

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stuart: after two days of chronic declines, boeing will open up today. there's got to be a reason for that. ashley knows it. ashley: apparently lufthansa has ordered 40 new aircraft, 20 of which will be the new boeing dreamliner plane. what it shows is a vote of confidence in boeing and its planes. boeing has been down seven days in a row. this could help turn it around today. stuart: for once, the boeing moving up is helping the dow to move as well. ashley: adding about 40 points to the dow. stuart: we'll take it. let's get to the college admissions scandal. millions of dollars paid to bribe college coaches, school officials, administrators. actor felicity huffman was released on $250,000 bond. actor lori loughlin's husband will be released on a $1 million bond. liz peek with us now. you know, i said before, i'm tired of moral lectures from the

elites. this makes things worse. >> harvey weinstein, now college admissions, right? i kind of agree. unfortunately, this is not just hollywood. it's wealthy people all across america. i think what's so offensive about this is first of all, one, the tragedy is the kids. the kids are being basically taught from their parents that this is the way to get ahead in life, to cheat and steal. secondly, already we have alexandria ocasio-cortez out there saying just another example about how the wealthy and powerful in our country are not playing on the same field as everybody else. stuart: chimed into this? >> she already has. this is going to become another way to basically beat up successful americans. i think the real tragedy here is that the kids involved in this, who apparently did not know what was going on, are ashamed, they will probably lose their spots in school, and obviously, we don't have to feel too sorry for them because they are all rich and famous but this is a horrible thing that these parents have done to the system and to the kids. stuart: you are so right. you really are.

thank you. check futures again, please. we now have boeing on the upside, that's helping the dow enjoy a 100 point gain four and a half minutes from now. stay there, please. ♪

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wednesday morning. it has been a great week. it's actually been a terrific year thus far. last week wasn't so hot, but this week has been good and the year's been good. we are going to open on the upside, maybe to the tune of 100 points to the dow. here we go. three, two, one. off we go. we are running here. where are we going in the first few second of business? i tell you, 87 points higher, right from the get-go. that's one-third of 1%. the s&p 500 also on the upside to the tune of one-third of 1%. nasdaq, now, that will reflect big tech. wait for it. there you go. it's up .4%. very solid gain. big tech, here we go. now, boeing has turned around, it's on the upside right now, $3 higher. that's 1%. we will get into that stock and why it's up in just a moment. shah galani is here, ash is here. start with boeing.

here's the news. breaking this morning, according to the ceo of ethiopian airlines, the pilot of the crashed jet reported flight control problems before the crash. i think that's accurate. dozens of countries and airlines have suspended or grounded the boeing 737 max 8. the faa here has not grounded the fleet. i've got to tell you, boeing just got an order from lufthansa for 40 boeing planes. ashley: 20. 20 from airbus, 20 from boeing. stuart: 20 from boeing. little bit of confidence there for boeing. the stock is up. first up, $379 per share. shah, would you buy it? >> no. stuart: why not? >> i don't think the stock is anywhere near the bottom of where it can go. they may have tremendous liability in terms of the downed flight time for all the airlines that employ those jets. that's a function of the contract they had with each of those. they are at risk for a lot of those. in terms of what's happened, we don't really know but we do know what happened in the lion air case. this is the anti-stall system

which they admitted there are technical problems with, there are concerns about that and they are working on that. this is a major system that causes the plane's nose to go down to avert a stall which increases the speed at the exact wrong time, when you are too close to the ground. this is a huge problem and if they can't override that, boeing will have a huge problem. stuart: you are not buying it at this point. >> no, sir. stuart: jack, how are you buying it? >> i absolutely would here. stuart: you would? >> a full grounding of these planes cost boeing $5 billion according to one estimate on wall street. they are going to produce about $15 billion of free cash this year. this is a really unfortunate part of the business that boeing is in. as a giant plane maker, these things happen from time to time. we can look back in history at periods like this, when you had deadly crashes like this, when it didn't hurt orders over the long term or the stock over the long term. this could be a software fix, not necessarily a hardware fix, this system. i just think if we are not going to find a better way to travel

long distances, barring a "star trek" teleporter, the world needs the fly on big planes. stuart: interesting. good point. if you take boeing out of the market this week, the market would be up a whole lot more, especially the dow industrials, because boeing is a dow stock. are we back to the mantra of stocks just want to go up? >> yes. what makes the market go up, everyone wants to argue their politics, right, on either side right now. the most powerful force in the financial universe is interest rates and has been for years and years. now that the federal reserve has put rate hikes on pause, that was the biggest threat to stocks going higher, is if people could get a reasonable rate of return in their savings account of all places, they are not going to be able to get that now and the next move for the fed might be lower on rates. that suggests very good things for stocks to come. stuart: market just wants to go up? >> absolutely. it's probably going to go a good bit higher. the reason for that is we are back to -- there are a lot of reasons, but we are back to where we were several years ago.

the united states economy has been the best in terms of global competition, in terms of all the global economies, all the markets, the united states is doing the best. as things are falling away a little in europe, certainly in asia also, people want to come here. they want to exchange into dollars, buy u.s. stocks, u.s. assets. we're back to where we were. >> what's interesting, not as much is being talked about in the u.s./china trade deal. it's hanging out there. for awhile there, every little headline. it's still hanging out there, don't get me wrong, but if we can get that achieved, the leg up for the market is going to be impressive. stuart: lighthizer said the china trade deal is closer. that's helping the market today. how about big tech. can you put big tech stocks up on the screen right now. i think they are all up again. they have had a terrific run recently. all right. look on the screen. apple, alphabet, amazon, facebook, microsoft, which one would you buy? >> hands down, microsoft. stuart: yeah? >> they are 2.5% away from all-time highs. it is the best stock since the fall-off in october and through

december. microsoft has been the best stock, the most resilient, it came back the fastest. it's the best company. stuart: i was a great stock picker back when. >> you were. you were. stuart: i picked that thing 20 years ago. i never sold it and never expected it to go to $114 per share as we speak. what's that look on your face? >> microsoft is a great company. i'm now looking for a reason to hate it. it has become too popular, they are doing too many things well. i saw some public survey reputation, they talk to the public, everybody loves this company. bill gates is running around saving the world, doing great work. that doesn't last forever. facebook, this is a tobacco stock of a technology company. that's more exciting to me. i like unpopularity. stuart: i will move it along. >> i wouldn't sell microsoft, put it that way. stuart: that's what i wanted to hear. music streaming service, you know spotify, they filed a complaint with the europeans against apple.

does spotify, explain this to me. do they have a case? >> it could. it says apple restricts the competition against its own apple music service, basically abusing its competitor -- it's market dominance with anti-competitive behavior. you have to pay a 30% fee if you subscribe to spotify through the apple store, 30%, they call that a tax but also, if you don't pay this money, they say they restrict your music, won't add it to the siri and home pod, all these kind of actions. in other words, they are so dominant that they are abusing that dominance. people have complained about this for a long time. people who use the apple platform. this is the first time publicly that it's been aired and of course, in front of the european union. >> it's an antitrust union for the european commission. i think the problem is, the way i see it, does apple have a right to restrict competition on its own platform. do they have to advertise -- [ speaking simultaneously ]

>> this is exactly what elizabeth warren has been saying. same thing yesterday with facebook. same thing today with apple. you can't compete on your own platform. stuart: may i point out that apple has had a terrific run in 2019. i think it was back in the 150s at the beginning of the year. now it's at $182 this morning. this is the high of the day. check the big board, please. we are up 118 points as we speak, 25,600. individual stocks, here we go. build-a-bear workshop lost money. i don't think it's unchanged. >> i suspect that thing is down. we will get to that in a moment. how about the clothing retailer, express. sales down, the stock is down 10%. how about rite-aid? the ceo will step down, the company will cut 400 jobs as part of its restructuring. the stock is just 73 cents a share. should we just put it to death or what? >> take away all the parts of a business that are good and make the stores dirtier and worse and

you have rite-aid. nothing here makes me optimistic about this company. stuart: i go to rite-aid frequently. nice store. >> at 74 cents it's worth a speculative bet. it's got $26 billion odd in revenue. yes, they are losing a bit of money now but with that kind of revenue, they can fix it. you have changing management. if they change things at the stores, maybe clean them up, this company can turn around. >> i should say they have a strong new york city presence. i don't live in the cleanest town. stuart: you are very wealthy peop people, you put an end to a 73 cent stock? >> speculative amount of cash into this, yes. stuart: i got my answer. you answered the question. i can't say more. if you want to speed up your phone with 5g, verizon says it's going to cost an extra just ten bucks a month. i would pay that, no question about it. if it delivers what it says it delivers. i would pay it.

ashley: but you have to buy a phone. stuart: as for the monthly amount, sounds reasonable. >> this is clipping the early adopters, people who have to have it first even before it's ready for prime time. you know they are eager. you get them for an extra ten bucks a month. by the time everyone comes out with a service, it's going to become hyper-competitive. everyone will have to have their prices in place. stuart: verizon, $57 a share. i don't know what the dividend yield is but it's strong. as i recall, it's a pretty strong dividend yield. now they will come out with 5g, charge you only a lousy ten bucks a month for it. that's a buy. >> verizon is in great shape because they are trying to be a phone company, not a million other things like at & t. stuart: 4% dividend deal. 4% dividend yield at $57 a share. not bad. >> must-own kind of stock and sit on. stuart: okay. i think we brought this to you yesterday but i will repeat it. dick's sporting goods will stop

selling guns in 125 of its stores. stock was down yesterday. not sure where it is today. what have you got to say about that? don't sell guns and your stock goes down. what are you going to say? >> i know we will read politics into this but it hasn't been a great business for them. sales trends there are not strong. they liked what happened when they changed the merchandise over. they want to do it in more stores. sounds like a business decision to me. by the way, the most controversial of these rifles, the ar-15s, tiny profit margins on them. best thing that could happen at some of these gun manufacturers is not being able to sell these things. they would have much higher margins on the guns they do sell. stuart: it is that time, ladies and gentlemen. 9:40 eastern time. went quick. lot of good mus news to talk ab today. we have to say good-bye to shah and jack. gentlemen, thank you. appreciate it. check the big board. not down a little but under a 100 point gain. 87 points up to be precise.

how about blackberry? big name, you know it, of course, totally changed its business model. used to be a device maker. now they are one of the top cybersecurity companies in the world. we are talking to the ceo in our next hour. theresa may's brexit plan went down to a crushing defeat yesterday. two more votes this week, one to leave with no deal, another to extend the exit timeline. we will handicap those votes for you with one of our brexit watchers after this. 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,

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tesla's trucks on the company's website. the stock is up three bucks today even though goldman sachs has maintained its sell recommendation on tesla stock. aurora cannabis up big. they just picked nelson peltz to be an adviser to the company. that's given them 16% on the upside. uber has settled a legal battle with drivers in california and massachusetts. i think this has been going on for awhile. ashley: it's been going on a long time and eventually settled for $20 million. uber drivers being treated as contractors as opposed to full employees, in other words, they are not getting the benefits such as health insurance, paid sick time, workers' comp, that kind of thing. it's interesting, two years ago, uber offered $100 million to thousands of drivers to settle this while keeping them as contractors. that got all overturned and eventually now they just paid $20 million to settle a couple of lawsuits and they move on and these people will still be contractors. for uber, that's looking to go public at some point this year, it's actually a good outcome for

them. stuart: okay. we have to cover brexit. i'm sorry to say, but we really do. big defeat for prime minister theresa may in yesterday's vote. she went down to defeat. there are two more votes to go. who better to ask what the devil is going on than the host of the next revolution on the fox news channel. let me see if i've got this right. >> it was our daily chaos update. stuart: that's exactly what it is. what a mess. it's ridiculous. today they vote whether to leave europe with no deal at all. tomorrow they will vote on whether they should extend the exit date. >> exactly. it's very clear that there's no majority in parliament for leaving so again, that will be the outcome. they will say no, we don't want to leave without a deal. twice they said we don't want theresa may's deal but we don't want no deal. it's very clear what they are against but not what they are for. that's why tomorrow's vote will be really more important which is this request for an extension of the deadline. what happens then and i think

they will get that through as well. there's two crucial dates. next week, there's this meeting of all the european leaders. theresa may will go to that and she has to ask them for an extension, and the eu has to agree to an extension. and how long the extension will be. just a few weeks, or more likely in the briefings we are hearing from the eu, a whole other year. the second crucial date is may. that's when europe-wide, you have these elections to the european parliament. right now, the uk is not participating in that because why would you when you're not going to be in the eu. however, what the eu are going to say is if you really want an extension, more than a couple of weeks, you are going to have to participate in those elections. that will force the minds of the british to say wow, if we get an extension we are basically staying. stuart: why do you and i care? why should america care about this? why?

>> i think there's two reasons. first of all, it's an interesting parallel to what you're seeing going on here in different ways, which is you get an outsider vote take place where people say we've had enough of the establishment, we want a big change. brexit in the uk, donald trump here. surprise, surprise, the elites in the establishment don't like it and they do whatever they can to overturn that vote. there's a real parallel with the way the establishment is trying to frustrate what donald trump's trying to do. then secondly, there are specific economic questions. i wouldn't overstate them, but there are issues of trade and the relationship between the uk and the eu and the u.s. that i think will affect business here, but i wouldn't say that that's the major reason to be worried about this. stuart: 20 seconds. two questions. one year from now, will britain be in or out of the eu and who will be prime minister? >> i think out. my best guess for prime minister, i'm going to say, no

one here will have heard of jeremy hunt. stuart: no. nobody's heard of him. who is he? >> play this tape in a year. stuart: if you're not careful, we will. all right, steve. what a mess. absolute chaos. thanks for illucidating or whatever it is. check of the big board, a little off the high of the day but still up 90 points. there's a sea of green at least 25 of the dow 30 on the upside. listen to this one. new york city's mayor bill de blasio wants public schools in the city to stop serving meat on mondays. he says it's all about saving the planet because of global warming. you will hear all about it. we will force it down your throat after this.

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stuart: watch this stock. fiat chrysler will recall more than 800,000 cars, gas-powered cars, because they don't meet america's emissions standards. the stock's down 1.5%. mayor bill de blasio has a plan to make the world a greener place, one school lunch at a time. roll tape. >> this is important on so many levels, but it's, i got to say, if you're thinking about our kids individually, we want them to be as healthy as they can be and we want them to learn as well as they can learn and

meatless mondays will help create more balance in their lives. we are talking about our climate, the existential threat of global warming. this is something we do that's another contribution to addressing global warming. stuart: okay. joining us, joe borelli, we found him, a republican in new york city. as a matter of fact, he's a new york city councilman. he represents staten island. welcome back to the show, joe. >> thank you, stuart. stuart: have at it. what do you make of the mayor? >> oh, boy. you know, while rome is burning, you have emperor de blasio fiddling in a vegan kitchen. stuart: you practiced that line, didn't you? >> be nice. be nice. having healthier kids is a laudable goal but while this climate change idea just overtakes everything, including the school cafeterias, when we are worried about a greenhouse emission, there's the flatulent cows affecting our school lunches, we have gone too far. this is bill de blasio attempting to sort of take the mantle of the left and once

again, he constantly, constantly comes up short. stuart: i was intrigued at how he thought meatless mondays would help children learn. what's the relationship between being a vegetarian or vegan and learning capacity? i don't see it, quite frankly. >> there is no link. there's no link at all. again, having healthy kids is one thing but when you are making climate change science dictate everything from the cars you drive to the hamburgers, people actually laughed at sebastian gorka when he said they are coming to take away your hamburger. here is bill de blasio, emperor of the left, actually taking away your hamburger, hot dog, chicken nugget and ham sandwich. this is when progressivism becomes about limiting free choices. stuart: however, bill de blasio is going to new hampshire this weekend. i think he's got his eye on 2020. >> oh, bill, oh, bill. you know, this mayor has had a tough time branding himself as the pragmatic progressive, even when things have gone right in

new york city. and there are some things we can celebrate as going well for him. but instead of celebrating those things and making that image about himself, he has these things like meatless monday and his wife has just squandered billions of dollars on programs. this is the image the public sees is not the image bill de blasio sees in his own mind. he's never been able to meet that challenge. stuart: how many republicans are there in new york city? >> three in city council, two or three in the state legislature. very few of us. stuart: very few indeed. joe borelli, appreciate you being on the show. thank you very much. good stuff. we will give you more on the college entrance scandal. very rich parents using bribes to get their kids into top schools. i really think it's time for the hollywood elites to stop preaching at us and take a look at their own morality. i'm going to pontificate on that forcefully.

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stuart: college entrance cheating scheme worked. some very rich parents used a consultant to offer hefty bribes to get their sons and daughters into very good schools. two pathways to get them in. one, use big money to fix s.a.t. scores and entrance exams. two, bribe college coaches to admit unqualified students as athletes. there you have it. sure leaves a bad taste in your mouth, doesn't it. the parents are rich and famous. the very people elites tell us

how to live, how we are all deplorables. i don't want to hear another moral lecture from hollywood, thank you very much. i haven't asked but i'm pretty sure those parents hate trump. keeping them there would have again much more difficult because that's right intellectual shortcomings would have been caught. that was back in the day when tests and grades were much tougher. today's harvard's alan dershowitz says many schools abolished failing grades. many dropped grades all together, once you bribed your way in you're in to stay. another failure of the modern american university. this scandal has a long way to go, if her app very rich and you fund a new college building and your youngster gets in okay, is that okay? if your child tried hard but didn't get in, what do you do? class-action lawsuit, anyone?

even though the elite colleges didn't know was going on do they face liability? what we're dealing with now is national outrage, rich and famous, business and hollywood have been wagging their fingers for us for years, lecturing us on racism, sexism, other evils, now this. last point. some of the parents used the bribes as a charitable tax deduction. i'm done. the second hour of "varney & company" is about to begin. ♪ stuart: breaking news on the economy. construction spending, gow the number? ashley: i do, very strong number. up 1.3%. the expectations was for .4%. so that is up double from december which was .6%. the seasonally adjusted annual rate of $1.28 trillion, that is

a very strong number for the economy. stuart: it looks like it had some impact on the market, probably giving the dow extra 40 points maybe. we were up 100. we got the strong construction spending news. now we're up 130, 140 points. ashley: there you go. stuart: brave and honest man who has admitted his nervousness about the market a couple weeks ago was totally unwarranted. look at him. marc chandler, battenberg chief market strategist. i think it was great thing you admit the caution was unwarranted. now where do we go. >> last week the market fell five days in a row 2%. it was biggest decline since late december. but we bounced back. strong construction spending, strong retail sales. the looks like economy fell off a cliff in december, but bouncing back as weather turns nicer. we should expect a lift to the

economy. should drive stock markets higher. stuart: where are we going? 25,600 on the dow. where are we going? >> dow lost hundred points because of the boeing story we've before recovering. people are coming around, people like myself were nervous. saw the pullback. came back and bought. stuart: tough ask, where are we going here? above 2800 on the s&p? >> i think we might see 2850 now, a little more. couple percentage points. stuart: what about the dow, got 25,600 now? >> 26,000? stuart: and beyond? >> possibly beyond. partly dependent on news coming out, but generally people are optimistic. what is still gnawing at me is that earnings, people looking decline in earnings, this quarter for the first time in couple of years. stuart: that is year-over-year? >> year-over-year decline. stuart: second quarter, when we get into it, you think those profits might be down from where

they were a year ago? >> yes. stuart: that could be a problem. >> that could be a problem. i think people are looking past weakness in the first quarter. we know about the government shutdown. we know about cold weather. we're looking past that. i think that is what is driving us. stuart: forecasts of 3% growth for the year. that is a pretty strong bounceback. you're not even getting 1% in the first quarter. >> a lot of people looking almost stagnation in the first quarter. kind of 3% kind of growth. need rapid acceleration. can't do it without the fiscal stimulus we got last year. stuart: you know the only, just about only market guest on this program whoever said, you know, i was wrong? i regret it. i was wrong. my caution was unwarranted. i'm very, very sorry stuart. "varney & company" we apologize profusely. you are only guy ever done that. >> i have been married a long time. stuart: game, set around set. not bad at all marc. thank you very much for joining us. we appreciate your candor.

thank you, sir. >> thank you. stuart: back to my editorial on college admissions. judge thought it was over the top. we'll get to him in a second. women rick singer the ceo at the center of the scam received 15,000 to $75,000 per test in order to falsify results or athletic records. the highest amount he received from an individual was six 1/2 million dollars. a total of 33 parents involved in the scandal. aforementioned judge napolitano joins us now. before we get to your over the top comment which was totally out of bounds -- >> but fair. stuart: i'm sorry. tell me, what future lawsuits are going it from this scandal? >> that is the 64,000-dollar question, stuart. a lot of other consequences will flow. one of these parents is the chair after major wall street law firm. i can't imagine he is the chair this morning. i can't imagine he will have his license to practice law beyond a

few months from now. that enormous loss of income to him and loss of clientele for the law firm. people may actually bring lawsuits against the college saying, my child was better qualified and truly qualified and went to a lesser school, compensate me for it, a difficult case to prove. two observations, the government did not indict any of the children. some of them are no longer children. some of them have graduated from these schools and graduated from grad schools. doctors and lawyers, some of them now, lose their academic and professional standing because of what their children did? the other entities that weren't indicted were the schools themselves. the government takes the position that the schools and the children were victims. suppose the children were in cahoots with the parents? were the children victims? the schools, don't they have a duty to know what is going on in their own admissions office and

athletic departments? they give the tennis coach the authority to put two tennis players on the team. they have a duty to be certain that those are tennis superstars and not offspring of people that were bribing the coach that has not been explored in this case. stuart: it is not a legal question, it is a question about the modern american university, back in the day, a generation ago grades and testing were tight and tough. >> yes. stuart: you could easily fail. >> yes. stuart: today, a lot of colleges don't have grades. or failing grades. failure of modern colleges? >> yes it is, a profound failure. doesn't prepare people for life where there are failures. there is no incentive to do your work well if there is no fear of failing. did they flung people out of the london school of economics back in the old days if. stuart: yeah, they did. >> same at princeton. notre dame law school. same at law schools which i have taught but some of these super elite schools have succumbed to

the culture which you condemned and properly so in your opening remarks. stuart: why do you think i was over the top? >> not all of these people hate the president. some of them are trump supporters. they're just off the wall. look at these people that paid $6.5 million. they could have sent their kids to the most expensive school in the world and spent less than 6.5 million. stuart: are we taking a fresh look at a very rich person who donate as ton of money to a college, builds a new wing on medical department, for example, gets the kid into college? are we taking a look at that? is that legit? >> is that a quid pro quo. the person gets tax deduction because of magnitude of donation. admissions cannot say no, there is to actual literal quid pro quo. what is the difference between a $6.5 million donation and $6.5 million bribe? stuart: depends on wording.

>> tell a federal jury. stuart: yes indeed. >> listen to this, you mentioned this, you give a bribe and take it as a tax deduction? that is really crazy. stuart: we share outrage on this. >> yes we do. >> all right, judge. that wasn't bad. >> that wasn't bad. one last point. tip of the iceberg. there are many, many more of these out here. some parents will flip and talk about neighbors and country club colleagues who also did it, not caught up in this scam, but caught up in other scams. watch for that happening soon. stuart: i can see it coming a mile off. dead right, sir. let's get to boeing. the stock is now up in contrast to big down days last couple days. why is it up, ashley? ashley: couple things. lufthansa has ordered a 787 dreamliners. that is confidence in boeing. analysts believe this will be short-term impact in the wake of

this mass grounding. however the major caveat we don't know the outcome of investigations into the crash which could alter things. stuart: true. ashley: bottom line, production will not be halted, orders are still coming in. why boeing is moving higher for the first time in seven sessions. stuart: just a little higher. but it is just enough. check the big board, not quite the high of the day but certainly very close. we're up 130 points as we speak. big tech names, where are we on the big techs? we're all higher again. it has been a great time for big tech investors. look at this, apple at 181 now. what a run it has had. alphabet 1202. facebook at 172 and microsoft has gone above 114. wonderful time for tech investors. now this, the founders of instagram slamming senator elizabeth warren's call to break up big tech. next i will talk to a tech veteran, a former oil, aol

executive and wife of steve case. is there a case to be made to break them up? we will certainly ask the question. joe biden, teasing his potential run for the white house. the audience chanted, run, joe, run. he responded telling the audience he may need their energy in a few weeks. crucial expression. has he missed his moment? good question? blackberry, they were the phone company -- sort of. they have reinvented themselves. did you know they are now one of the biggest cybersecurity companies? it's true. we'll talk to their ceo later this hour. you're watching the second hour of "varney & company." ♪

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than any other immunotherapy. stuart: nelson peltz is a billionaire activist investor and he has been hired as advisor to, aurora cannabis. that stock surging on that news, up 11% as we speaker. how about papa john's? they announced a national partnership with a delivery service, door dash. investors like that one. it is up 2 1/2%. next case, senator elizabeth warren called for big tech companies, apple, amazon, google, break them up she says. come on in, author of a book called be fearless. she is the ceo of case foundation, jean case.

i will get it right, jean. i promise. >> oh, food, stuart. thanks for having me. stuart: worked a long time in aol? >> i did. worked for tech in '80s for two decades. stuart: should we break them up? >> we celebrate our tech innovation and secret sauce of america is entrepreneurs building great new firms. stuart: are they too big? facebook, google, amazon, are they too big? >> we look at some things that could be crowding out competition today. stuart: do you think they're monopolies? >> i wouldn't go that far. without intention perhaps we could look at a system to see if there is room for others to come in and if you look at patterns -- stuart: you are -- >> 30-year low. we need all players and ideas on the field. that is the message of my book, be fearless. stuart: you can't be in the middle of the road on this. you either launch a breakup or you don't? >> no, i think there are other

options. why would even people call for a breakup. that is because there is too much consolidation today where the capital is flowing. give you data here. venture-capital 75% went to just three places, new york, california and massachusetts. only 2% of the capital went to women who are starting firms. less than 1% to african-americans. stuart: come on, we don't want quotas who gets the capital. >> it is not quotas, we need to look whether the american dream is real. stuart: is that in your book? >> which is the belief anyone from anywhere can build a great company here. can take forward an idea and you know make it really ring and sing. stuart: but the great thing about these tech companies, they aaccumulate the capital and then they farm it out into other industries. what is wrong with that? >> no question, when you build a great big company you build a great ecosystem around it, that create opportunities for small business, et cetera. when it gets wrong, we're not seeing other companies flourishing, other start-ups be

flourishing. we're at 30-year low in terms of startup. we need to peel back the onion to understand what we can do to create more competition everywhere. stuart: if i were to read your book, if i did that -- >> yeah. stuart: if i did it cover to cover, if i did it, what is the big takeaway? >> ordinary people who do extraordinary things but we need all the players and all the ideas on the field. there is too much consolidation in too few places. stuart: not everybody has a great idea. >> everybody has a great idea, stuart. stuart: oh please. >> everywhere i go, around the nation, around the world. we see people -- i went across africa two years ago i looked at their entrepreneurial ecosystem. amazing innovation we're seeing coming out of africa, across the world and across the united states. people have great idea. we need to pack them to get ideas on the field? stuart: how do you that? take it off amazon and give it -- >> i don't think it is that simple. venture capital is not going to amazon, new firms, new startups. we need to be careful what made

america successful what we celebrate is our great entrepreneurs. that we're not crowding out particularly those in the middle of the country or those who don't fit a certain profile. that is the data today. the other data which is exciting where we are making more room, where we are spreading it, we're seeing outperformance with teams that are women-led more diverse. they're more creative, they're more innovative, they're outperforming, mackenzie, boston consulting group. tons of study. stuart: jean, you made your case, jean case. that was a pathetic play on words. you're welcome to the show. great to have you. >> thank you. stuart: i will read your book. >> great to be with you, thanks. stuart: i don't know about cover and cover, but i pick out bits i really want to read. jean case, everyone, great stuff. >> thank you. stuart: appreciate it. check the big board, close to high of the day, not quite. we're up 132, 25,600. what is next?

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at customink.com. stuart: got a triple digit gain. we're say staying there as of at least for now. sales down at express, that is clothing retailer. stock is only down 2% now. how about vera bradley? handbags, luggage kind of company? strong earnings, means strong profits and the stock is up 18%. how about build-a-bear. listen to this, says, sluggish sales are because of brexit. i don't get that at all. the stock is up 3%. ashley: might as well blame brexit. stuart: i need more on brexit

because another vote today in britain's parliament. the vote today whether they leave without a deal. ashley: correct a no deal. not expected to pass. which means tomorrow they will vote on delaying brexit if they do pass that, i think will happen, they have to go back to the eu, probably next week, they will ask for extension up to three months. no more. of course all 27 eu countries have to say yes. if one says no, there you go. for all my time in the uk over the last couple months there is complete brexit fatigue, especially among the general population. people who voted for brexit at this point think they will not get what they want. they frankly don't care. they want to get on with it, get on with life. stuart: i don't think it means much to america. ashley: no. stuart: i don't really care that much quite frankly. what i do kay about is, if the brits get out of the e.u., can we, america, president trump, step in with a real good trade deal for them? ashley: he has talked about that.

he said we are ready to go. we'll expand, his words, beautiful trade agreement. fair enough. but they have to get to that point. it is stuck. it is political deadlock. stuart: that would mean something, mean something to america. mean something to britain, a trade deal, lock it in. ashley: let's go. stuart: love to see it. really would. next case, joe biden he is teasing his potential run for the white house. he did that yesterday. i have to wonder, has he missed his moment? has he left it too late, is the left in control, squeezing him out? we'll talk about that. biggest corporate story of the week, the boeing 737 max jet, the one on your screen. the u.s. standing firm and not grounding that plane. we're on it. boeing stock up a little today. ♪

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(bird chirping) lots to do, hope you fuelled up. sure did. that storm sure ripped through. yep, we gotta fix that fence and herd the cattle back in. let's get at it. (whistle) (dog barking) (♪)

♪ ashley: you rolled your eyes. stuart: eye roll for day tripper. ashley: not one of your favorites. stuart: not one of my favorites. my producer said, you can't even please this curmudgeon with the beatles. i have 40 seconds to tap dance. ashley: you do. go ahead. fred astaire. stuart: check big tech please. let's have a look at that i think they're all up. what a year for big tech. how about roku? they make those streaming boxes. loop capital, now that is an investment firm they cut their rating to a sell. a lot of people are selling. the stock is down 3 1/2%.

roku back to $68 per share. what we're waiting for is precisely 10:30 eastern time, we're about a few seconds away. at that time we get the latest on how much oil we've got in storage. that is an indication of how much oil we are using or not using and could affect the price. okay, we just crossed 10:30 eastern time. so we're waiting for the numbers. ashley: we're good. stuart: what have you got? ashley: we're down 3.86 million barrels. we were expecting to add 2.65 million barrels. so again they're off by about 6 million barrels. so we're using more oil. you noticed oil prices are going up because there is a belief that the crude production in the u.s. will slow down more than expected this year and that has been pushing prices higher. this means of course that we're using more than we thought we were. stuart: it is kind of an economic indicator. ashley: it is. stuart: economic activity is strong. you use more oil. look at the price. getting close to $58 a barrel.

ashley: four-month high. stuart: four-month high, we'll take that. gas prices keep going straight up. we're about 2.51 national average. boeing the stock is up today on news lufthansa is buying 20 boeing planes. now a number of countries grounded the max 8 jet and the airline says the pilot of the crashed ethiopian airlines flight reported flight control problems. danielle dimartino booth is with us now. tough week for boeing. would you buy the stock now at 376? >> you know i don't know that i would necessarily sit on the sidelines still. i don't feel like we've heard enough either from boeing, that the company, the or the faa, given that we have had news come out over the past few days that we have five pilots here in the united states that have called into question the anti-stall mechanism and have had issues with it. these are all anonymous

complaints. that is by design. i would like to see the company get more out in front of this, be more vocal. obviously the stock is due for a relief. the lufthansa news is great. and there is, you know, there is no doubt that these could be wonderful planes but i would like to see the company say you know what? there is a glitch. we're going to fix it. we'll make the training manuals more robust going forward. stuart: that is what you're looking for, solid confidence-boosting statement. danielle, you say the market, the overall market is resilient. does that mean you think stocks still want to go up? >> look, right now we've got more buyers than we've got sellers. it is about as simple as that. to have news of the magnitude of boeing, given, look, boeing was the number one performer last year in the s&p 500. to see the resilience, especially of the technology stocks, especially of nasdaq, look you've got ted cruz

retweeting elizabeth warren. talk about two rivals? because he is agreeing that facebook has too much power. you have antitrust. amazon underneath, antitrust microscope. there are so many bad headlines out there attacking these big tech names and yet we've seen the nasdaq leading the charge all week long. i call that resilience, stu and i think it is a sign stocks simply want to go up. it doesn't hurt that we've seen a nice turn and stabilization in some of the economic data that feed into first quarter gdp. everybody is raising their estimates this morning based on those shipments that we saw out of durable goods and public construction spending that was very high. stuart: i didn't know that some analysts are raising their forecasts for the first quarter and growth rate in the first quarter? as of today they're starting to raise their estimates of the kind of growth we might get? >> that's just the math of it.

public construction feeds directly into the gdp figures as do shipments that we see out of durable goods. they both surprise to the upside. so you know, look, they're coming up off the floor, stuart. atlanta gdp forecast going into this data was 0.2%, which is basically unchanged. so we definitely needed some good news on the macroeconomic front and i think that is why you're seeing broad-based strength today in the stock market. stuart: got it. danielle dimartino booth, thank you very much for joining us. we appreciate it. >> sure thing. stuart: politics, let's get to it. joe biden teased a potential run for the white house. you better listen to this. roll tape. >> run, joe, run! run, joe, run! >> thank you, thank you. i appreciate the energy you showed when i got up here. save it a little longer. i may need it in a few weeks.

[applause] stuart: another couple of weeks? has he left it too long? is he dithering? are you or aren't you? ashley: come on. stuart: charles hurt, come on in charles hurt, washington times opinion editor, fox news contributor. did he miss his opportunity? >> do you think? stuart: i don't know. >> joe biden is guy been around here for decade, longer than just about any politician up here. this guy has run for president at least 39 times in the past 50 years, and the one-time he didn't run for president, in 2016, was the one-time he might won. talk about terrible timing? the guy's wrong about just about everything. i think that if he does -- i get the tendency to want to throw in an old guy in order to offset the aocs in the democratic

party and the socialists in the democratic party, you throw in this old guy, thinking you will fool voters thinking he is a reasonable guy and everything but it is learning all the wrong lessons. if you look back at the past, five or six presidents we've had, i think only one of them has been a retread politician that has been in washington a long time. every person who wins, take obama, clinton, w, they all came from outside of the system. they were governors. they came from outside the of the system. trump is the best example of that. to then for democrats to then, the lesson that they learned from 2016 is to go to an old white guy who has been here, getting it wrong for decades is just the worst, it is the worst lesson you could possibly learn. of course the democratic party is the party now of identity politics. it is all about race and gender to them. and for them to go with an old, old, white guy, it is just, i

don't see how it works out for them. stuart: look, he is only a couple years older than i am, charles. careful on this, old, old, white guy, you know what i mean? >> no, but age is a spirit thing. and you are a very young spirit. stuart: you got out of that real well. >> you love the beatles, right? stuart: you dug the hole and you filled it in and got out of it just fine. next one. house majority leader steny hoyer he pushed back on the three freshmen congresswoman, alexandria ocasio-cortez, talib and omar. he says we have 62 new freshmen democrats, not three. sounds like he is fed up with all the publicity they all get. >> has to be maddening for them. he specially democrats have kept iron grip on their members. democrats are looking like republicans usually look, they

have a hard time herding the cats and always have people that stray away from the party on procedural votes and thinks like that that make others look terrible. that is what the democratic party looks like right now. i think what you're seeing is, the tea party effect that hit the democrat, the republican party 10 years ago is now in full force against the democratic party and they have, they have constant mini revolts within their own caucus. i think it is openly going to get worse. we're seeing that with steny hoyer. even nancy pelosi trying to put the kibosh on all this impeachment talk because, she is smart enough to know that long term that will be a killer for the democratic party if that is all they're known for. stuart: 10 seconds, want a quick answer. i think president trump looks good for 2020, and you? >> i would say he could not look better at this moment. stuart: okay. charles hurt, thank you very much indeed, sir. we'll ignore the age comment. you will come back. next case, three airports shut down over the past couple

of months because of drones. no way of finding out who they belong to or if they were dangerous. the feds are trying to fix that. the drone warrior will be with us next hour. first, blackberry, now they have reinvented themselves. did you know they are now one of the biggest cybersecurity companies as of now? that is true. we'll talk to the ceo later. ♪

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♪ ashley: florida senator marco rubio says huawei isn't like any other tech company operating in the u.s. because it is controlled by the chinese government. it doesn't always follow u.s. laws. roll tape. >> chinese law says, if we tell you to spy, you have to spy. in america we can't even get apple to crack open an iphone for the fbi. in china huawei has to gift chinese anything they ask for. imagine a country which huawei now controls routers and all the hardware. forget about the cell phones. all the pipes and cables and wires and everything, cable, the fiber that all information goes across and they are the ones that built it and controlled it, china decides we want access to that, because we want commercial secrets or spy on america. we have a big, big problem if they're embedded in your infrastructure.

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to help reach customers directly. the chief operating officer of shopify is here on the program. harley, thank you for being on the program. >> thanks, stuart. for letting me be on the show. stuart: i understand you hello 800,000 selling operations online, but now you're going backwards you're starting a bricks and mortar operation. am i accurate? why are you doing isn't. >> okay the story of shopify which has been going 14 years, we've been working on this company, it is all about bending the learning curve making it easy for anyone with business idea, inspiration or aspiration to build a great business and i think we're best known one of the leading if not the leading e-commerce platform for smbs and brands around the world but also we believe the future of retail will not just be online or off-line, it will be every year. we're trying to create the world's first retail operating system where anyone can come on

to shopify quickly start selling wherever the consume is. if the consumer is in brick-and-mortar show, or online, use e-commerce software or on online platforms, they can use all those places. it feeds back into one centralized office which makes running a business, scaling a business really easy. we have helped as you said 800,000 entrepreneurs sell over $100 billion of products and sales on our platform. stuart: not bad, harley, i say not bad at at all. tell me how you helped kiley cosmetics? "forbes" says kylie jenner was a 21 or 22-year-old billionaire. what did you do for kiley cosmetics? >> one of the things was wrong with retail in the past, if you had a brand or were a maker or you had a product in order to get through the hands of consumers you had to go through

intermediary typically a retailer who sold your products. kiley if she existed 50 years ago, if she had idea for lipstick, she would go to third-party retailer to have them sell to the consumer. with shopify, e commerce an disinterrated the retail model. she can quickly reach hundreds of millions of dollars of sales and reach all the fans and people that look up to her and sell directly to them. she has built an incredible business on shopify. you mentioned al bergs earlier. this is incredible shoe company would sell to shoe retailer to sell to consumer because of shopify, nicole miller, steve madden can go to the direct consumer of products. not only better retail model because makers and creators can sell directly to the people that want their products but it also means they can do really good things in the world.

look at chip and joanna gains, mag knoll law market, which is shopify merchant they built not only incredible business on shopify, 1.5 million people are visiting waco texas to the visit future of retail at the magnolia market can. not just the entrepreneurs achieve incredible businesses on shopify, but they do really good stuff for the world. these things were impossible 15, 20 years ago because it was so expensive to get them. stuart: harley i gave you a three-minute commercial. you took advantage of it. that is pretty good. admire your style, mr. finklestein. that was really good. you pot it all in there. that was two 1/2 minutes. good stuff. >> thank you, stuart. stuart: your company is really cool. thank you for being on the show. >> thank you, stuart. stuart: thank you. elon musk set to unveil the new tesla model, what is it the y? an suv, model y. ashley: he is running out of letters. stuart: thank you. ashley: yes the model y, this will be we expect to be the

compact sport-utility vehicle. it will be, we understand, unveiled in the l.a. area tomorrow night. this is an important vehicle. you know you have the model 3 basic sedan for 35,000 to try to appeal to the masses as opposed to those luxury cars. this will be important as well, because the suv is the fastest growing vehicle segment both in the united states and china. what he wants is to pump out these types of vehicles en masse to reach whatever you want, one million cars a year is what he promised to be able to pump out. this car, will be unveiled tomorrow night is important part of that plan. stuart: is that the elon musk story of the day? because there is one every day? ashley: probably another one in the next hour. you know that. >> thanks, ash. ashley: sure. stuart: we'll get to blackberry. obviously that is a name you know. they have totally changed their business model. used to be a device-maker. we all had them. now they're one of the top cybersecurity companies in the world. we'll talk to blackberry's ceo

next. ♪

stuart: solid gain up 135

points. blackberry just announced the largest acquisition in their history, a $1.4 billion purchase of silence. a artificial intelligence and machine-learning company. he is back. john chen, the ceo of blackberry, the man who really reinvented the company. you did that, didn't you? >> you can say that, yes. stuart: you reinvented the company. >> we did some reinvention, that's correct. stuart: so why did you become basically a cybersecurity company? you could have gone anywhere? why did you go there? >> everybody remember blackberry as handset but what is the essence of the handset, security. this is why president obama uses it. this is why a lot of politicians, bankers, all uses it because of security. so -- stuart: wait a minute. was the old blackberry secure? >> yes, very much so. stuart: nobody hacked isn't. >> very few incidents that i know if any at all. stuart: did you have the technology in the blackberry

handset you expand the elsewhere? >> yes, exactly. that is how it came from. i didn't really create new company out of the old company. what i did was take what we do well, minus the hardware component, license it to other people to build the phone but uses a lot of the security encryption technology that is in your phone to make it secure and then we expanded on that. stuart: if i use your technology, i hire you to secure my data in my company, what kind of guarranties do you offer that i'm not going to be hacked? can you offer a guarranty. >> no. in this world of cat-and-mouse, just how hard to crack it. it is not, i think, i think it would be naive of me to say you will never be hacked. we do everything, we try to stay ahead of the game. this is like locks on doors. stuart: right. >> you can put all kinds of gadgets. you can't say you will never be

broken through. stuart: but you can say you're very, very secure? >> well, the government, most of the government believes it. the banks believes it. health care companies believes it. hospitals believes it. stuart: you just got a contract with nato, north american -- be for voice security. >> yes. stuart: so they can contact each other by voice and not going to be hacked? >> they're not going to be eavesdropped in on. stuart: right. this follows angela merkel who found out that she was being listened to by america. she didn't like it. now she hired you. >> she changed to our phone. we provided some special software technology for it. stuart: look, thanks very much for being with us. because i just find you're a fascinating business subject in the sense that blackberry was totally reinvented. i mean i love the old blackberry. i would like to have one back. >> i do too. stuart: tech thing. i really liked it.

great success turning things around, john. appreciate you being with us. >> thank you, sir. stuart: all right. we have senator elizabeth warren, 2020 presidential candidate making a big push to break up big tech but wait till you hear how much money she took from big tech. my take on that coming up next. she can stay with you to finish her senior year. things will be tight but, we can make this work. ♪ now... grandpa, what about your dream car? this is my dream now. principal we can help you plan for that .

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stuart: senator elizabeth warren is a presidential candidate guccione to break up a tag.

facebook i'm a google, amazon, break them up. "politico" reports she took a lot of money from employees at those three companies. $90,000 between 2011 and 2018. $2700 specifically from cheryl sandberg, number two at facebook. ms. sandberg is that many recently in september of last year. i call that a lousy investment. basic number two gives money to a politician who wants to breakout facebook. senator warren islamic jihad against big tech and big business generally. she wants all businesses to get permission from the government to operate. she is dying to get her hands on private enterprise. frankly i think it will be a disaster of politicians controlled any business. america should not be a dmz. also in a jihad against billionaire spirit she says i'm not in washington to work for

billionaire spirit okay. so don't take money from them. she herself has worked between four and $11 million, i guess being a millionaire is okay. a billionaire not. dr. facebook, google and amazon. senator warner wants to break the mud. she says they will pressure they are crushing mall business. big tech creates jobs and tens of thousands of small businesses use those platforms. furthermore, the capital that big tech generates flows out to other industries making them more efficient and dynamic. let's not lose. my problem with facebook and google as their power and potential for abuse of that power. they know everything about you and i mean everything. they really are watching you. they are big rather. and no one should be comfortable with that. the third hour of "varney & company" is about to begin.

stay in editorial and senator warren, the three big tech company she received money from between 2011 and 2018 on your screen there you have it. $90,000. reaction from david avella. and also from ryan payne, the president of paying capital management. first to you, david. she's getting some support from conservatives to break up the attack. how bout you >> she has. senator ted cruz treated his support for these keeping an eye on privacy, american's privacy. you said something that was critically important in your editorial, which is bad investment. elizabeth warren is a bad investment if you're looking up to 2020 field of democratic

candidates. in a state that is your neighbor, new hampshire, she's not even coming in the top one or two. in early states she needs to get in early the very and right now she does and how they and i will contend that she doesn't even make it to the starting line. think about what we've heard in the last 24 hours about people gaming the system that colleges and universities. it only brings it back up to advance herself. every time we talk about her career, more questions get asked in a fly she's got a bad investment. train to write up a box. strong stuff from avella. ryan payne whitney. i guess my question commission they be broken up? >> it's invariably going to be their downfall at some point in the future. because it's such a competitive environment in the u.s. there's

always some and better that's going to put those companies on their chosen not going to be government intervention is going to do that. sure in 3-d break them out because he censored elizabeth warren or because usually break up a company because they're raising prices with monopolistic hater. these companies are driving down prices. so much the inflation affected amazon. stuart: you make a good point. the republicans i i think the rl problem with socialism. millennial sin generation the people very much attracted to it. so you've got this group they're going to be 37% of the elect driven 2020. the biggest voting group and they are very favorable to a socialistic ideas. free health care from the government, free college. >> they had to instead have a daily briefing and with a

socialistic or communist company and have them talk about why they allow. >> a little bit of help from the white house. focus on what it means to live in a country that is a socialistic country or communist country. remember there were people in china who stood before tanks saying we want more freedom. train to which you except you got a problem with young voters? >> sure, we had to educate folks did we have to not allow anyone using a private plane that doesn't go to a communistic or socialistic country. let's focus on what life is like in those countries. stuart: ryan payne, i think you're millennial. what do you think? would he think about the socialistic ideas that you people have. >> i mean it's a paper tiger. i work with a lot of millennial.

they are just as capitalistic if not more capitalistic than any other generation. in fact there is more now than baby boomers. crazy statistic. i have the ability i actually had the privilege of working with baby boomers, generation x, the forgotten generation and millennial spread the one thing that binds all of us as everybody is very in the u.s. the one thing very common amongst all americans. stuart: at that time when i have to say david avella, thanks for joining us. i want to get back to ryan in the stock market. first of all, the high of the day i do declare up 161 points. boeing is not dragging on the doubt today. it's actually helping the dow little bit. boeing is up a couple of bucks. let's talk overall markets here. one theme on this program for

this calendar year has been it just seems like the market wants to go up. a lot of the economic stuff coming out is favorable. >> yes. that's the thing. the old joke is the communists and analysts make fortunetellers look good. everyone beginning the year was so negative on what they would look like they were only seen surprises in the positive. unemployment under 320% again. the icing on the cake is inflation is low. they came in benign yesterday. low inflation and a very healthy economy. stuart: i just want to break in because we've got some economic indicators today. construction spending was up. durable goods orders were up. you've been telling us for the best part of this year that this

thing is going on. the market is growing. >> stuart, you can argue. train to 257 on the doubt now appeared where to? >> you're sitting on top of everything else. the s&p trades ford, 16 times earnings or little bit about that the historical average. the equity guys have given us to estimate solar platter. you have to take a damage. >> extraordinary times. a 10 year bull run anything that's going to go somewhere. fascinating. ryan payne, millennial. millennial ask. we better updated polling. beverly has been the story of the week. the ceo of ethiopian airlines as the pilot of the crash jet reported flight control problems and the voice recording does not indicate a bird strike or any

sort of vax terminal problem. meanwhile, the number of countries that have suspended or grounded well in 77 fax eight is growing. they're on your screen right now. you cannot iraq to that list as well. backtrack a little. zero and has sold 400 of the max planes and taking orders for thousands more. the company says it has full confidence in the safety of the planes and today buy 20 more planes. that is why the stock is at today. other stories were watching for you. the white house wants to the colleges on the hook for student loans, requiring the schools to take a financial stake in their student's ability to repay those government loans. good move. this is the story everybody's talking about. college admissions scandal. big-name celebrities felicity huffman to bribe school officials and coaches to get there and kids into top

colleges. maybe laurie laughman should've been on a slick for full house character and recchi 25 years ago. roll tape. >> i have to be honest. we may have -- well, he may have embellished -- lied a bit on our application. [laughter] stuart: ouch. in california, the other side of the tax accidents, the ultra- richards bill moving to the golden state despite high taxes. but we will break it down for you. ♪

an incomplete job from any one else. why accept it from your allergy pills? flonase sensimist relieves all your worst symptoms, including nasal congestion, which most pills don't. and all from a gentle mist you can barely feel. flonase sensimist. you can barely feel. ♪ ♪ dear tech... let's talk. we have a pretty good relationship. you've done a lot of good for the world. but i feel like you have the potential to do so much more. can we build ai without bias? how can we bake security into everything we do? we need tech that helps people understand each other. that understands my business. we've got some work to do... and we need your help. we need your support. let's expect more from technology. let's put smart to work.

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>> and i don't know how much of school i'm going to attend but i do want to experience the game day partying -- i don't really care about school. stuart: that was the lori loughlin's daughter olivia jade in a youtube post from last year. one of dozens of people charged in the college admissions scandal rich parents use there can often to offer bribes to get kids into elite schools. these are the same elites who tell us, and lecture us on the reality and how to live. larry elder is with us.

>> i don't think this is funny. i'm really angry about this here and i am sick and tired of moral lectures from people who do this kind of thing. would you say? >> i think it's amusing they've been exposed. i guess that's what i'm laughing about. these are the people who rail and rail against inequality. that's the mantra. when obama got reelected in 2012 he said i'm going to focus on inequality. here you have these people already wealthy perpetuating inequality by essentially stealing a seed that qualified student could have and should have had. it is absolutely outrageous and it is hypocrisy and i'm just happy they're being exposed. stuart: i bet you by the next oscars they'll be doing the same things they always do bashing president trump. >> absolutely. in the case of felicity huffman after trump got elected she said there are consequences, herbert

not mind coming to the site donald trump has all these bad policies and we have to face those consequences. there are consequences now she has to face, not least of which is how she shafted someone else out of the legitimacy then she got two daughters apparently who got into the i see by saying they were crew members when they don't even crew. they don't even row. it's outrageous and is hypocrisy has been exposed when my time to tell you how to live, how to behave and do something altogether differently. stuart: i'm going to move on before my head explodes. rich people are still moving into california despite high taxes. i take it they are moving in buying expensive property for not establishing residency so they don't pay those taxes. is that what's going on? >> i'm not sure. i read the same article you read in this appears to be anecdotal. all i know is that middle-class

and working-class people in california are leaving in the number one people are leaving is because of the high cost of housing. something 50% higher because of the anti-building policies here in california. people like warren buffett here in california. these guys will all be superrich after they pay the higher taxes. in california if you are wealthy and can afford to live here, plenty of things to do, it wouldn't surprise me if rich people are still moving to california. the point is middle-class people and working-class people are leaving primarily because of the high cost of housing. stuart: is that anecdotal or proven fact that middle americans in california are leaving? >> glottis teddies suggest about 900,000 people have left california taking their taxes with them. many of these are people very likely conservative which is why california increasingly is being outnumbered by independents

versus registered republicans. stuart: i keep telling you you should move over here. it not much better tax wise. >> again, if you watch her house in the 80s decided you're in pretty good shape. you have that level of people and all the rich people apparently moving in. the weather is great, plenty of stuff to do. stuart: someday i'll tell you all about it. you better come to new york and check us out. you better check fiat chrysler. they are calling 862,000 gas powered vehicles that don't meet america's mission standards. the recall has no safety implications. if you got one of them you can keep driving until they are fixed. the stock was down 1 cent. the alina said just revised its growth forecast for the first quarter.

it now says it will grow 0.4%. previously growing .2%. i guess that's progress. one months -- yeah, we'll take it. elon musk will unveil the new model samarra. he teased it with this photo. we'll have some detail in a moment. professional drone race. that's the thing apparently. it was only available on channels like espn, but very soon if that's your kind of thing in sport. here it comes. maybe an rv is your style. can you take a wild guess at how much that thing costs? we'll have jeff flock. a peek inside momentarily.

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clean my daughter's room. [ ding ] oh, it won't do that. welp, someone should. just say "teach me more" into your voice remote and see how you can have an even better x1 experience. simple. easy. awesome. stuart: we have for you and elon musk round a beard first come is boring company getting the go-ahead to build a tunnel in las vegas? our high speed underground train

with downtown district in the airport. the first page will be ready by the end of this year. set to unveil castle is new model like compact suv tonight and had it will be about 10% more expensive than the model three. test full stock right now up five bucks. there you go. $2.80 on tesla. coming to your computer and tv. twitter will start live streaming of the joan racing lake beginning this summer. nbc will air some races in august. custom-built drums through winding tracks at speeds over 90 miles an hour. 18 pilots compete for the season. only 10 make it through to the world championships. the biggest event in the rv industry is underway as well big city. a true luxury. jeff flock is at the event.

reporter: i have for you mr. run it the most expensive palace on wheels. this is something called the cornerstone just revealed your seen it first here on the varney program. i want to take you inside and talk to the director of product development which is part of the industries. >> thank you for the invite. he reacted digital -- area and this has 605-horsepower engine, dual monitors nine-inch. stuart: i've got a house and it's nowhere near as nice as this. >> all other furniture, porcelain tile, dishwasher, microwave. >> look at this. the dishwasher in the irb.

refrigerator? >> yes, full-size residential refrigerator. a half bath right here. reporter: half bath and a full bath >> two things, clasping speared graviton but i'm not out of rv yet. >> how much for that? >> how about $740,000. >> i'm glad you got there. i don't know whether we'll take it or not. thanks a lot. moving on. america, the land of the free means free speech, but it seems that people can hold conversations with each other if they disagree. the conversation turns into contempt. next, the leading conservative

intellectual in america arthur brooks says that the divisive politicians and pundits who are putting america -- pitting americans against each other. arthur brooks is maxed. you it's screening technology that helps you find a stock based on what's trending or an investing goal. it's real-time insights and information, in your own customized view of the market. it's smarter trading technology, for smarter trading decisions. and it's only from fidelity. open an account with no minimums today.

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stuart: now this is the height of the day. up 200 points. 25,700. what a week it then. highs of the day in the atlanta fed just raised its growth forecast for the first three months of the year. up 20.4% growth from a mere .2% growth. let's update you anyway. britain's parliament reject it to resubmit rugs that proposal so today they'll vote on whether britain can lead the european without a deal. tomorrow there will be a vote to extend the date for leaving the european union. absolute and total chaos and frankly i'm beyond caring. keep out happening in d.c. tomorrow. the senate will decide whether to block resident trumps emergency declaration of reporter while funding. the senate is expected to block that emergency order. some republicans will vote to block it.

the white house wants colleges to have some skin in the game when it comes to student loans. it's considered a measure that would require schools themselves to take the financials take in their student's ability to repay government loans. david nick lewis is back with us. president of nicholas wealth management. i'm not sure how this proposal works, but it certainly better than writing off student loans are giving them to college for free. what do you make of the proposal? >> i couldn't agree more. 1 million american people on their student loans every year in the proposal would think are going to many students a default on their loans, the university needs to have skin in the game when it comes to repay the loan. why should u.s. tax ayers v. on the hook? we really don't have a free-market system when it comes to universities in this country. cost is not the main driver of price. demand in a free market system is the main driver of price.

what we are essentially doing us taxpayers is writing a subsidized link check university same charges what you want to charge us in the u.s. taxpayers will be on the hook if they default the loan. universities have zero incentive to lower costs. train to universities and colleges themselves for people in by saying you've got to have this credential and you've got to go to college and this is the college for you. that's what they do. they've hooked in a students regardless of whether they can repay in regardless of whether or not they're going to get a decent job from the degree that they expect to get. >> it's a great point, stuart. there is this line in the push by the left that says every american should have a care in a great. that lie has consequences. now americans have $1.3 trillion in student loan debt. in the next five years 40% may go into default. one of the things we look at is

we want calls to be affordable. we just look at wages in the last 30 years. the median income is about 54,000. fast forward today about 59,000. over the same 30 year period, the cost of a four-year college has gone from 26,000 to over $100,000 for college. so the cost of college has increased eight times faster than wages over the past 30 years. so if you really want college costs come down we need to get government now. >> i'm with you all the way. one last question. throughout my 45 years in america the mantra has been everybody's got to go to college. do you agree with that? >> you know, it is a noble intention to let everyone go to college. we need tradesmen. when a craftsman. we were just finishing our basement and it seems harder and harder to find those that can do

woodwork. there's obvious talents and traits that have be filled. i'm sorry that i don't think the economy will move along as it should. so i think it's a lie that everyone needs a college degree, the college should be affordable but we need these trades schools and one of the things the administration is doing is they look we need to be able to go to trade school, have these other degrees, college degree is not the end-all be-all. stuart: thank you for joining us again. we appreciate it always when you're here. our next guest says our country is toxic politics are getting worse and some people are prospering by turning people against each other. he is here. arthur brooks, author of the new book love your enemies spirit had decent people can save america from the culture of content. what a pleasure to have you with us. how are you? i run an opinion. i'm frequently outraged, often

angry. am i the problem? >> by the problem? the problem is not anger. the problem is discussed mixed with anger and pointed at other people. the inability to take people's ideas and separated from peoples themselves. the conviction of the worthlessness of other people. it's very problematic because it tears the country apart. one in six americans have taught him to stop talking to a family member. that lowers our happiness good in excess less persuasive. you and i have strong opinions. we agree socialism is bad for america, that capitalism is good and draws the best and brightest in the world. we've pulled 2 billion people out of poverty since i was a kid. we need to help the poor. we can't do that if we can persuade people in with contempt we can't. stuart: how do you get away from this culture of content? what is step one? >> step one is to listen to disagree with people -- people

disagree with us and when they treat us with contempt we have to treat them with respect. i feel a lot of contempt when people treat me with contempt but i'm the master of myself. in this book love your enemies i get the science, the brain science that shows when i choose my own reaction i'll change my own heart, become happier, moore's persuasive and change somebody's self. stuart: i find that so hard to do. i really, really do. there's so much intense and passionate about politics and events of the day. you are saying fix your head, stu. organize your thoughts before you respond with contempt. stuart: it's actually easier than not. my book is a step-by-step approach. anybody who reads this can be more persuasive. i'm not saying we should agree. the agreement is not really. we should disagree better not less. we don't even have to be more civil. we simply have to love each other enough to respect.

take a five step approach. if you read this book you will see how by the end of the book to be a happier person, more persuasive and more successful. stuart: you're kidding me? >> i'm not kidding. it's changed my life. i'm a much happier person in more persuasive. stuart: it's built on your personal experience? >> starting in new hampshire at a conservative rally where he just sat in the middle of my beach to a bunch of my brother and conservatives i said remember the people who are not here because they disagree with us politically. they are not evil. they simply disagree with us on policy we need to persuade them. the lady said i think they are and evil. she got the applause and i thought to myself she's talking about my family because i grew up in seattle, washington could my mother is an artist, my father was a college professor. but he think their politics were? i'm the black sheep of my family and no one should talk about my family that way.

i just think they're wrong about public policy and politics. what's wrong where we have to say someone else is evil because they disagree with us. we'll never convince them and will hurt their own heart. we deserve to be happier. stuart: i might read the book. stuart: stuart i will come to your house and read it to you. stuart: user are alright and you are the leading conservative intellectual in america. >> thank you realtor showed. stuart: a splendid premise for a book it really is. stuart: verizon, the first company to put a price tag on 5g. we will tell you how much they expected to cost. not that much actually. the faa working on a remote i.d. for drugs so the next time one of those things bias near an airport they may be able to remotely identify who owns it. we will bring that out for you after this.

stuart: wow, look at this. this is a rally in a half all over again. he really has been a terrific year for the stock market. right now the dow was up another 200 points, 25,751. there is one big negative which the market has avoided today and that is bowling. look at it now. boeing is that today.

all kinds of reasons why it's a good no longer drag on the market. i think that boeing's job now is to restore confidence in that jet. >> they've got help to order 20 planes which show some confidence in the world premier playmaker. let's be honest about this. obviously much hinges on the outcome of the best edition. transfer we have not -- no long-term risk it looks like. stuart: all right, more "varney" after this. with trelegy and the power of 1-2-3, i'm breathing better. trelegy works 3 ways to... ...open airways,... ...keep them open... ...and reduce inflammation... ...for 24 hours of better breathing. trelegy won't replace a rescue inhaler for sudden breathing problems.

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stuart: verizon put a price tag on its 5g service. you have to be an additional $10 a month to get the five gnu got to have an unlimited data plan, too. an important point. they're going to offer 5g in some parts of chicago and minneapolis next month. how about this one. disney raising ticket prices again at its parks during holidays and summer breaks. peak periods. the biggest time will be between christmas and new year's in a single day ticket will cost $159 per day up from $129 now. the only stock in the tao that is negative and maybe the prices are the reason why. they are going to start requiring remote ids for drones don't make it easier for them to track people who fly drums near where they shouldn't be such as airports.

joining us now from abroad tellico, author of the book drawn warrior and strategic advisor to buy fox defense. how will this work? take me through it. >> right, stuart. something like this is even call for a geek like myself who deals with this stuff all the time. the whole idea of remote i.d. is a system to locate and identify the operator while it's airborne. or were talking about here is creating a digital license plate for a drone. right now millions of drone owners in the united states and those owners have to basically place a sticker on their drone that has the registration number that was provided to them by the faa. the problem is there's really no common system right now that gives authorities the ability to identify these drones in the air so that's what were talking about and on top of that, and if they're doing something nefarious they really have no one vented to place the sticker

on a drone. the faa is going to start mandating that these manufacturers put this remote i.d. system and so authorities are able to identify the same pinpoint the exact operator in the whole idea is to make it safer for the skies. stuart: i've got to tell you that's a very good idea. what do you. >> it's an amazing idea and the cool thing about it as it may have ripple effects in the auto industry. if it works properly we may see the rise of digital license plates for cars. the whole point of a balance to be able to identify this and on top about what it does is helps propel the rapid growth of this industry. the industry has been held back because we haven't had the safety systems in place. the faa has been a bit i know not. allows organizations like amazon to do package delivery. all these companies working on more futuristic systems will use the remote i.d. system to promote privacy and safety issue

other while at the same time furthering the needs of the drug industry. stuart: before you go, i just want to get your take on boeing. should we ground america? should america ground that max jet? >> it's interesting. you may remember that i was living in nairobi kenya last year for quite some time and i actually flew on that ethiopian flight to ethiopian flight three or two that crashed multiple times as it was transiting between ethiopia and nairobi. when you land in ethiopia it is a total mess. the ethiopian airlines is a joke. it is absolutely wild when you go there. i have no confidence when i'm out there that these planes, the pilots have the ability to fly these planes properly. the problem here in my case i feel like we'll find out when the investigation is complete that the pilot for ethiopian airlines did not have the proper training in the proper manuals

that supposedly were telling him what to do here to correct these issues. that being said, i don't think any pilot on the planet should have to know how to adjust for a malfunction on an airplane that is known already, which is overseeing the problem was potentially known. these flights need to be grounded or the aircraft need to be grounded. what we do in the car industry when we've got a problem. it's recalled. regardless of whether or not the pilots were trained adequately i don't think any pilot should have to worry about adjusting for a known issue in the aircraft. stuart: bread velicovich, that is your point of view. we were acted thank you for joining us with it. >> tanks, stuart. stuart: small business optimism. it's back on the upswing after hitting a low level. it's lowest level since the 2016 election. they're hiring qualified workers is still a big problem.

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stuart: this is breaking news. it's important. canada's transport minister is restricting commercial use of owing 737 max eight and nine jets from her pride in coming to party canadian air source. they have joined the whole group of countries which are saying no and that has immediately taking boeing stock down now about $2. moments ago it was at $3 or $4 at quite a turnaround there that has affected the overall market. the dow jones industrial average is now up 150, but it was up 180 or 190 before the latest news came out. as you can see, the stock is falling as we seek now down $2 to $3.73. which city has the most aggressive drivers? los angeles.

that's according to gas buddy.com. they look at things like frequency of speeding, heartbreaking, swift acceleration. philly number one, number two philadelphia. sacramento, atlanta and several cisco. three cities for aggressive drivers. now this. small business optimism back on the upswing. juanita duggan, president of the nfib. we are on the upswing again. tell me what is driving this upswing in optimism for small business? >> as for having me. it's always a pleasure to be here. the nfib has worked exclusively for small business for 75 years and we've been doing the optimism every month for 45 years. this month is interesting because after a couple months of modest declines, the optimism index is stabilized. we know from our research that those declines in december and

january were definitely caused by the government shutdown. a million workers unemployed for that period of time in that affect its sales. stuart: so were on the upswing now that the government shutdown is over. >> it's stabilized and is on the upswing. we also had a 45 year record for job creation in february. that's interesting news. stuart: that's very positive. you're on the president's workforce advisory board. you came on the show and told us about unqualified and unprepared workers. what is the board going to do about that? >> it's interesting they put the right people at the table for you. organize process to determine how you're going to fill 7 million jobs out there. small business economic report that the nfib has been doing finding qualified workers for the last six months has been the single most important business problem. we've asked them what's not qualified about these workers. of course, skills is a big

thing, work history. showing up on time or unreasonable expectations. some of these things are not problems that need to be solved by going back to the school or worker training. these are the soft skills that anybody can learn. stuart: they've got to be told. you dress properly. respectfully. lay down the law. i'm terribly sorry. i have my say they are. i'm afraid i'm out of time. juanita, thank you very much as always. we appreciate it. there will be more "varney" after this.

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stuart: more news on boeing. important stuff, ashe? ashley: we said canada restricted any formal national the boeing 737 max. the canadian foreign minister said the the action is because of new information. that is. liz: lori laughlin has been taken into custody in connection with the nationwide college bribery school. she will be appearing in court later today.

stuart: that story knows no bounds. no end. two gigantic breaking stories. liz: that's right. stuart: constantly, adding to the knowledge of the story. great stuff. regretly our time is up, but neil, it's a yours. neil: stuart, thank you very, very. boeing has turned south here. there was runup in the stock maybe as as a result of a 26, almost $27 billion of market value that was wiped out from the company since sunday's ethiopian airlines crash. we don't know the details of the latest canadian restriction. this seems as ashley pointed out a little more sweeping than we had seen before. boeing stock is down as i said. it is one of two stocks are down. imagine how the dow would be doing even without that 60 point advance. this is weighted by the price of the underlying issues and boeing is an expensive stock at north of $373 even though it has seen a good deal of that shaved in