limping, you're like it was just another day. if i ran that i would be dying. you guys are amazing. dagen: thanks, everybody. "varney & company" with charles payne. take it away. charles: good morning, everyone. i'm charles payne. stuart will be back tomorrow. we have a ton of big stories for you this monday. president trump going after general motors. it's all over a plant that gm has closed in lordstown, ohio. the president challenging the company and union to open it or sell it to someone who will. and more headlines from boeing. the black boxes from the ethiopian air crash show similarities with the lion air crash in october. this as the feds now probe the approval process for the boeing max jet. boeing is down this morning, dragging the dow along with it. get this. beto o'rourke raising more than $6 million within 24 hours after announcing he's running for

president. politics, money, that's what we do on "varney & company." it starts right now. charles: first we begin with extreme weather to tell you about, the bomb cyclone slammed the midwest, causing historic flooding in nebraska. ashley: it's going to continue this week. that bomb cyclone from last week that created blizzards, tornadoes, you name it, dumping a lot of heavy rain as well. now we have snow melt on top of that and what you get is what you are seeing on the screen right now. tremendous flooding in nebraska, iowa, wisconsin, where states of emergency have been declared in all three states. we have had at least two deaths blamed on the flooding. we expect these conditions to continue through the week as those rivers continue to rise. interstate 29 shut down from omaha to missouri. this is not going away any time soon, charles.

this is a desperate situation. again, as i mentioned before, a lot of heavy snow in these parts of the country, especially in nebraska and north. when that starts melting on top of all the heavy rain, this is what happens. it just comes down the missouri and floods and obviously goes over the banks. by the way, we have another storm tomorrow that could produce over an inch of rain as well, just to make matters worse. charles: that's a remarkable scene right there. ashley: it's desperate. charles: thanks, ashley. we want to switch gears to general motors. president trump taking direct aim at the company over a plant closing. here's just one of the tweets. general motors and the uaw are going to start talks in september, october. why wait? start them now. i want jobs to stay in the usa and i want lordstown, ohio, and one of the best economies in our history, opened or sold to a company who can open it fast. car companies are coming back to the united states and so is everyone else. we now have the best economy in the world, the envy of all. get that, big beautiful plant in ohio open now.

close a plant in china or mexico, where you invest so heavily pre-trump but not in the usa. bring jobs home. we will bring in foxnews.com's automotive editor. gary, in one of his tweets, president trump says mary barra is blaming general motors. i have been in touch with one of their senior folks. he's saying it's not necessarily that but obviously it's a very complicated situation. >> they are in discussions with the union, they are going to be, there are contracts coming up this year, they have to decide. the problem is general motors has nothing to build in this factory. the vehicle that it recently added to its lineup, the chevy blazer, is being built in mexico. that decision was previously made. cars that people are buying instead of the cruze, they are making in mexico and canada. to bring any of these back to the united states, simply the act of moving the tooling would be incredibly expensive and to be able to build them here profitably would be difficult these days. charles: although this is where president trump is frustrated.

toyota just announcing $750 million investment in five u.s. plants, creating 600 jobs. not too long ago, last month, fiat said they will open up a new plant, retrofit a plant and reopen one, 6500 jobs, $4.5 billion investment. fiat is investing billions. toyota is investing billions. they are hiring people. can general motors find something for this plant that's been open since 1966, can they make suvs there, can they sell it, can they do something, because a lot of people are frustrated locally and nationally. >> they have excess capacity in the u.s., not just here, detroit will get shut down next year as well most likely, although they extended how long they will be producing cars there. look, their next slew of vehicles are the electric cars that we haven't heard much about. they haven't decided where they are going to be building all of those yet. obviously they figure that ohio is just not part of the picture right now. to keep it around would just be to keep it shuttered and mothballed for a couple years

until they put a new vehicle in there. charles: general motors, last e-mail they sent before i came down says they want to clarify that they have an issue with the unions in terms of the language of a contract and their national agreement, it's complicated because this is a negotiating year for them. they are moving expeditiously as possible. 2700 jobs identified out of 2800 impacted so they have already placed 1,000, others are looking for jobs or to move people. obviously the problem of course is people have deep roots in that community and they don't want to move and again, people are looking and seeing hey, all these foreign companies are finding ways to create jobs here. we hope general motors can do the same. >> gm has a couple hundred jobs within driving distance that some people were able to transfer to. the rest of them would require relocating to other states. charles: thank you very much. club for growth slamming presidential candidate beto o'rourke in a new television ad. roll tape. >> he's barack obama, but white. he sure does act like it.

born with a blue blood pedigree, the scion of a prominent family. his father-in-law, a billionaire real estate developer who bankrolled a super pac to buy beto a congressional seat. charles: joining us, club for growth president david mcintosh in studio. you really went after him in this ad. are you worried about it backfiring at all? >> not at all. this ad speaks to democrat primary voters and tells them beto is a fraud. he claims to be a man of the people, just an average ordinary guy, and he's a man of privilege who when he was on city council, tried to take people's housing away from them and basically give it to his father-in-law to develop a shopping mall. charles: so the idea, though, that this sort of white privileged man debate within the democratic party that might end up cracking it up, do you think you need to stir the pot, or should it just boil over on its own? >> well, what we thought was beto is a serious candidate. we have dealt with him in texas,

running against ted cruz. we knew that he would come on strong when he announced, so we decided let's get out there ahead of time with what we know and talk to democrats. we didn't put it in terms of utility, inefficiency, all the republican arguments. we went straight to their argument that hey, when you take somebody's property and give it to your father-in-law to make money, that means you are a privileged guy who isn't really one of the people, isn't talking about marxism or doing marxism. we talked to them and pointed out he's not their guy. charles: you admit, then, you see him as formidable. >> i do. i really do. he's got a charisma that is there, it's that factor you can't really measure with numbers. charles: when did charisma become the number one attribute for becoming president of the united states? >> it started back with barack obama. we've got it today. you got to deal with it. what we try to do at the club for growth is take that head on but tell people what they are really about. in this case, he says he's a man of the people, an ordinary guy, a charismatic leader who will

look out for the average guy, the poor man, and we know he won't from his record. charles: interesting, because he's already the media darling so your voice, your message, is going to have a tough time because i doubt that anyone in the media is going to bring these sort of things up. i do want to ask you about this, though, because also, you are reaching out to millenials. you have a new website and ad, you are going after them. is this now the counter aoc, congresswoman alexandria ocasio-cortez? >> yes, it is, and to say to millenials hey, step back and look at this. charles: you think you need a spokesperson to do that? in other words, can you say hey, the rich republicans are over here telling you don't trust the person that you trust. >> right. yeah, can i hire you, be our spokesperson. charles: i was at a housewarming. i got a little street cred. i will say this. to me, it's like hey, kylie jenner on last week, the hottest stock in the market was ulta salons, ulta beauty, because of

the kylie jenner line. that's a young millenial all the millenials look up to. she may not be a registered republican but she's an entrepreneur, hard work. it means i think there's a counterargument you are trying to make. i just wonder if you need a spokesperson to help make it. >> and use examples like that. i'm leaning on my daughter, who is a big customer at ulta. charles: really. >> tell me who are the cool people we should get to be our spokespeople. charles: i don't know if you guys can afford her. thanks a lot, really appreciate it. two items on boeing. first, ethiopia says the crashed jet black boxes show similarities with the lion air disaster and prosecutors and the transportation department are now taking a closer look at this max 737 -- 737 max. in fact, you have the details? susan: it could be a criminal probe. in fact, it is at this point according to the "wall street journal" and people familiar. they are looking into the safety approvals and the authorizations, the development of boeing 737 max. the federal prosecutors, and

that includes the criminal division of the department of justice and the fraud division, now issuing a subpoena to at least one employee, one person involved in the 737 max's development and they are looking for documents, correspondence, e-mails, other messages as well. it's not unusual for the department of justice to step in looking at a company, for instance, like remember the faulty airbags a few years ago, takeda? it is highly unusual for the department of justice and the federal prosecutors to step in to scrutinize an airplane's development and the approval process of getting the 737 max into the sky, especially with the crashes we talked about and the questions over the anti-stall system and whether or not the computers actually crash the planes. charles: we had a guest on friday who dropped a bombshell and it's sort of being talked about now, the idea that the faa exceeded its authority in this role to self-certify safety. susan: the department of transportation as well, what role did they play. they are also looking into this

as well because they have to authorize the planes eventually, the issue of licenses to get into the skies. charles: thank you very much, susan. let's check on the futures. we have been all over the place this morning. the dow has been under pressure, mostly that's almost all boeing you are looking at. the s&p which broke to a key resistance point, looking higher. nasdaq was up recently, just a moment ago, facebook had a downgrade, that may be pressuring tech names. meantime, powerball, the jackpot up to $550 million. that's right, no one picked the winning numbers saturday night. this is the eighth largest powerball jackpot ever. the next drawing wednesday night. you know what happens. i'm not here thursday. trade wars already cost the u.s. economy billions of dollars. later this hour, we talk to former reagan economist art laffer. is he buying those numbers? president trump going after google over its work in china. remember, the top u.s. general, in charge of the joint chiefs of staff, saying that google's work is benefiting the chinese military. you can bet we are all over that

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charles: check apple. made a surprise announcement this morning, it's releasing a new 10.5 inch ipad air and 7.9 inch ipad mini. apple will hold a media event next monday. also expected to unveil other products at that event. president trump taking a shot at google in a tweet that google is helping china and their military but not the u.s.

terrible. the good news is that they helped crooked hillary and not trump and how did that turn out. joining us now, [ inaudible ]. president trump, does he have a point? >> you know, the debate in silicon valley has been about whether technology companies should allow their tools to be used by the u.s. military. there have been protests about that. on the other hand, you have had the technology companies arming china with all these technologies for decades and there has hardly been a whimper about that. the president has a good point that it's not right. on the other hand, if you look at what the ceo of microsoft said, he said we're not going to hold technologies from institutions that protect the freedoms that we enjoy. i 100% agree. technology should be used to protect us. we shouldn't be arming dictators and despots and dangerous

regimes that are going to bring us down. instead we should be using it to uplift us, to protect us. charles: to me, that would seem to be a no-brainer, particularly in this era where china has created these man-made islands and now have militarized them. their ambition to grow dramatically, particularly militaristically, the last thing you would think is we want to help them. does this also point to a company like google which at one point years ago actually took a stand now being in a position where they have to grow at certain cost, even if those costs mean perhaps helping china's military? >> the last five or ten years, we have seen the tech industry has lost its way. these companies have sold their souls. google was supposed to be the company that did no evil except it was building technology, it was building surveillance technology and new search engine for china. facebook, we have seen the evil it's doing all over the world. mark zuckerberg was sucking up to the chinese government like you won't believe, doing

everything he can, he was going to beijing over and over again, begging them to allow facebook in. he's willing to sell his soul to the chinese. this is dead wrong. this is not right. i agree with president trump on this. charles: before i let you go, i want to get your thoughts on the horrific terror incident in new zealand and how a lot of tech companies are being swept up into all of this. >> charles, it's a tragedy. we have to have, you know, balance. extremism has gone too far. we have used technology now to -- you know, with this new zealand thing, what fans the flames was social media. facebook in particular. this was designed for social media. facebook is complicit as are the other tech companies who have not controlled their technologies. this is what the problem is, these companies are being high and mighty when it comes to how to protect u.s. freedoms but when it comes to protecting the public, their users, they are

asleep at the wheel. they are claiming they don't have responsibility. tech companies need to be held liable for what happens on their platforms. we need to rein in this evil and extremism. it's wrong. charles: always a pleasure talking to you. thank you very much. appreciate it. we got a new tweet from president trump saying quote, joe biden got tongue-tied over the weekend when he was unable to properly deliver a very simple line about his decision to run for president. get used to it. another low iq individual. here's a look at futures, folks, as we get ready to open for trading in about ten minutes' time. dow under pressure, the vast majority of that is no doubt boeing shares and the bombshell over the weekend there. s&p looking higher and the tech names now dragging on nasdaq. another major u.s. city is considering a test of universal basic income even though it hasn't worked successfully anywhere. wait until you hear what city may be the next to try it.

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for all residents, whether in fact they have a job. he says he's launching a task force to see if the program is feasible. he says part of the reasoning for this is that studies showing that people who have a crisis or need for money of just $400 could not even match that. so he says that's wrong. he says a third of the city of newark lives in poverty but he hasn't released any more details and most importantly, how would you pay for it? charles: how would you fund it. ashley: how are you going to fund this. he's just throwing it out there, going to study it. doesn't say how we are going to pay for it. we heard it before. we know they tried it in finland. big failure. charles: they tried tonight a f few places. they put big money into it in finland and cut the experiment short. interesting, you pay people and for whatever reason, won't try to find a job. also, amazon's new virginia headquarters getting $23 million counting incentives but not everyone is happy. roll tape.

[ chanting ] charles: susan, what's going on there? susan: six and a half hours of testimony of protests, of discussions and yelling "shame, shame, shame." we had three amazon representatives really in this room for the discussion but this is the last $25 ph.d. million o $750 million to bring amazon's second headquarters to crystal city in northern virginia. not everyone is happy, as they were not here in new york and they are concerned about what congestion, higher rents, are you overcrowding the schools and should a big company like amazon, do they need $750 million in tax incentives? that's obviously a much smaller sum than the $3 billion new york city -- charles: it was always they would earn these incentives. ashley: correct. susan: 25,000 jobs expected to

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charles: all right, folks, opening bell in 15 seconds. remember, last week was a very strong week for the market, particularly nasdaq. but the s&p 500 closing above 2820, a huge hurdle as well. a lot of anxiety as we head into this week. some big names under early pressure. there it is, the bell ringing right now. let's start to populate the boards. boeing, as you might imagine, your number one loser. remember on friday, boeing was the number one loser at the start of the session and the biggest winner at the close. i don't know that that will happen today. right now, dow is off 36 points. let's go to the wider s&p 500, get a bigger breadth of the market. that's up. remember, 2820 for me was a key resistance number. if we are above it, we may start to trigger some buying programs. the nasdaq was trending higher all session long, facebook got a downgrade but it is opening higher. joining us to discuss all of

this is jeff sika, scott martin, susan li and ashley webster. the s&p 500, nasdaq coming off their best week of the year. jeff, what are you looking for from here? >> the big question that i have is the news about china which has driven this market, is it now in the rear view mirror. is anything that comes out of the trade agreement going to disappoint the market. my opinion at this point is a lot of the upward momentum is in anticipation of a deal. i think it's out there now. i think the market is going to have a harder time getting to the next level. charles: we are all familiar with buy the rumor, sell the news kind of thing. that's a legitimate point although i think most of this run has been federal reserve which by the way, this week will also come through with more comments which could officially push any rate hike off for this year. >> yes, totally agree with you. charles, it's monday and i got

to disagree with jeff. you're right, the china deal and rumors of a meeting and then not a meeting, maybe pushes the s&p around 5, 10 points but not much more. i think it's all about the fed comments we are going to see this week about the fed being more patient, not doing any more interest rate hikes, maybe stopping the rolling off of the balance sheet. all these things that the market is hinging on when it comes to additional liquidity the fed is willing to provide will support the s&p 500 here. susan: i think it's an earnings recession story. morgan stanley says it's arrived in 2019, companies yes are still making money but it might not look as good as it was last year. what does that mean for stock valuations and is that priced in. ashley: 2018 was a blowout, right? we knew the comps this year would be very, very hard. charles: using that logic, if we had one of the best years certainly in at least a decade and the market was down, for the earnings to be down, why should

the market also be down? susan: stocks trade on multiples. if you aren't making as much money as last year, why should they trade at rich valuations? charles: these aren't rich, i don't think. i think they are relatively tame, particularly for market peaks. we are way off traditional market peak valuations. >> yeah, totally. we are expecting maybe 172 bucks, 173 if you want to really carry it there on total earnings for 2019 which puts us, you know, maybe at 15, 16 multiple which isn't that bad. but susan, to your point, a lot of the calls from some of the bigger banks out there, some analysts were saying earnings recession in 2019 but very little growth in q4. we actually saw better than expected numbers as far as we're concerned so far from the s&p so i think that's another reason the market's going to hold these multiples pretty well. charles: you know the psychology of it is the lower the estimates, the easier it is to clear them. if we are talking about quote unquote, earnings surprises, it's a crazy game that's played

on the street but it is what happens. >> i think when it comes to earnings surprises, when it comes to what the ceos were saying looking forward, there was a lot of ceos pulling back expectations and i agree with that concept but i also agree with the fact that there are legitimate concerns in terms of growth going forward, and even though yes, i agree with you that the fed had a tremendous impact on the momentum of this market, i think if there's any negative fallout with the trade situation, i think it's going to affect earnings. charles: oh, yeah, but i just think that listen, the trade situation is a multi-billion dollar issues. the federal reserve is a multi-trillion dollar issue. here's the thing. what's it going to do with taking $50 billion in accommodation out of the economy. that's to me the last question with respect to the fed for this year. susan: as they taper down on their bond purchases. i think the fed is going to stay

pretty accommodative this year as they indicated and as the markets have really priced in. it all depends on the china trade deal, what we get there and also what companies are doing. i would be interested to see if that april, maybe may meeting between xi and trump actually takes place. charles: ashley? ashley: i will say we have been waiting on this trade deal forever and ever and ever and now news that it's being pushed back potentially to june, i think something will get done. it will be interesting to see whether the market can take the next step or next leg up on the back of that. charles: i do find it almost amusing that folks who said president trump is moving too quickly now are saying oh, man, they moved it again, it's scary. either you want him to negotiate a good deal or you don't. all right. meanwhile, president trump taking aim at general motors. this over that lordstown, ohio plant. scott, ceo mary barra saying she's trying to walk a delicate line here, you know, she doesn't want to go hard at the unions but it is a negotiation here and

her hands are apparently tied because of these contracts with unions. >> yeah. the contracts are a big impetus to that, charles. i think, i'm from ohio and we have seen this before with companies that have promised to build plants there and have done so and gotten really good tax breaks and not fulfilled their promises. the other thing you got to fix, though, as president trump has tried to do, as you mentioned, with china but also nafta, the trade agreements with our north american trading partners. certainly those are two areas with the unions mixed in that are delicate balance, especially as you approach the auto makers if we want the businesses and plants and jobs to come back here. charles: the lordstown, ohio plant made the chevy cruze. there's 273,000 and china, 267,000. last year, u.s., 142,000, china just 46,000. you know, i sympathize with general motors. in the last quarter they did

make $3 billion in america. they didn't make money anywhere else in the world. the third quarter they made $3.2 billion. the idea is that you want to be ahead of the curve. listen, suvs are selling, crossovers are selling. they probably were caught flat-footed on this. >> they were, and this is typical general motors. they are caught flat-footed, they see that suvs are gaining steam and this is a five decade old plant that they are closing which is a big, big deal. and general motors has poured money into mexico so i think what president trump is doing is absolutely correct. i think it's necessary. but general motors has to also look at the efficiency of their plants. toyota, honda, they are all doing substantially better in their output than general motors is doing in the u.s. so whatever's happening at general motors, whether it's a leadership issue, they have to make some significant changes or they will be taken over by the

government once again which is not a good place to be. charles: it's not a good look. the headlines are toyota investing $750 million at five u.s. plants creating 600 jobs. fiat investing $4.5 billion in detroit, creating 6500 jobs. general motors laying off a lot of people. headlines just ain't that good. ashley: the optics are terrible. charles: again, one of the issues that no one talks about, though, is there's a greater issue for this industry and that's autonomous cars, electric vehicles. susan: the need to stay nimble as mary barra said when she was laying off 14,000 and announcing plant closures. this is a different world. we are going electric. there is a climate concern in the air. that's kind of the type of car that needs built. charles: essentially, silicon valley meets detroit. i think it's incumbent upon auto makers to find a way to train folks who might have been on these lines for 20, 30 years

into building the cars of the future. we'll see what happens. we have been open for about three minutes. take a check of the big board. dow off 40 points, trading in a narrow range. the majority of that is of course, boeing. meantime, the s&p 500 and nasdaq are both moving higher. take a look at facebook shares. they got a downgrade this morning, stock at $162. of course, they had their issues last week with respect to the situation in new zealand and two major, major folks from the c-suite quitting. then there's boeing. again, just investigations now, so question marks over what exactly happened, the similarities between those crashes and did the faa really allow boeing to self-certify its own safety? burger king, meanwhile, taking a shot at starbucks with a coffee subscription. five bucks a month will get you hot coffee any time of day at participating restaurants. how is this going to work? >> i'm wondering if starbucks

will fire back and start serving hamburgers. no, i don't think it will work. charles: hope it's better than their breakfast. that's all i'm saying. susan: i like this idea. the netflix of coffee. 17 cents a cup, if you go every day to burger king. this plays into the strategy of other fast food chains as well because breakfast has been a turn-around story for mcdonald's. you get more people in, foot traffic, and maybe they will buy higher margin items like a burger. charles: so a loss leader kind of thing. >> kind of. charles: does anybody like their coffee? susan: not at burger king. ashley: i don't go to burger king for coffee, no. charles: i never heard of anyone going to burger king for coffee. susan: monthly subscription, how much would that cost? charles: imagine that movie thing a year ago, remember that, scott, where the company had this amazing subscription thing? it was wonderful except they went broke in six months. >> they went broke. yeah, didn't work out. maybe that will happen to burger king. maybe people actually like their coffee. i didn't even know they had coffee. maybe it's a secret thing people

really get into and then they will lose a ton of money on it. who knows. charles: another thing to subscribe to. thank you, jeff, scott. appreciate it. jpmorgan chase says it will invest $350 million to get workers ready for the future. it's a five-year initiative that will provide substantial support to community colleges and other non-traditional career pathway programs. becoming an essential part of the business for virtually every restaurant. in our next hour, we talk to the ceo of fast food chain checkers. they are rolling out a nationwide delivery service. we want to see how that's working. beto o'rourke says the challenges our country face have never been greater. he calls it a crisis. a crisis? really, beto? the economy is surging right now, millions of job openings and we are seeing greater distribution of prosperity. up next, former reagan economist art laffer and i really don't think he agrees with beto. we will find out. minimums and fees.

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charles: check on the big board here, dow off only 17 points. in the meantime, other major indices are looking better. you can see there, s&p and nasdaq actually coming off their best week of 2019 after the worst week prior to that. so the market's regaining that upward momentum. also take a look at marriott. the company says it plans to open 1700 new hotels over the next three years, about 275,000 new rooms. here's a number for you. a new study by the university -- by university economists says president trump's trade war cost the economy $7.8 billion last year. joining us, former reagan economist art laffer. art, what's your reaction to that number? >> i thought it was $7.7 billion. you know, they are trying to be

deadly accurate with a thing that's very, very touchy-feely. but the truth of the matter is protectionism does hurt the economy. it really does. their tariffs on our products hurts us, their tariffs on our products hurts them. our tariffs on their products hurts us and it hurts them as well. it's a non-win/win. i am very convinced the president's purpose for all of this is to get a negotiation with china, to get really freer, freer trade and i hope he does because if that happens, this place is off to the moon. it will be phenomenal. but the study is basically correct in the statement that it hurts us and it hurts them. charles: right. although, you know, there's never really been a study that i know of that says how many of the seven million factory jobs that we lost since china entered the wto came from their nefarious actions or the theft of i.p. protection -- >> but that's why trump's doing what he's doing. you are completely correct.

their behavior has been outrageous and you are completely right, how do you bring them to the table to make them stop doing those things, and the way trump has chosen to do that is by threatening tariffs and by actually having tariffs on chinese products to bring them to the table so that xi can come to the u.s., they can come to an agreement on how to stop intellectual theft, how to stop these bad practices that you so correctly mentioned. that's very, very true. we've got to do something. i think trump with the help of larry kudlow and mnuchin, some of the others, is doing -- lighthizer -- doing a great job on trying to bring them to the table to get really free trade, because charles, we need china. without them, there is no walmart. without walmart, there is no middle class or lower class prosperity in america. we need them desperately. they need us just as much. but we need to get that free trade with china. that would be the biggest boom for the u.s. imaginable. charles: democratic presidential candidate beto o'rourke says the challenges we are facing right

now, right now in america, are the biggest in history, as if we never had any challenge as big as this, whether you go back to two world wars, the great depression, the civil rights movement, all of that stuff, nothing compares to the dire straits of america right now, art. >> don't you love these people. they just get up there and get all wound up in their own adrenaline and they are breaking their arms patting themselves on the back and doing all this histrionics all for what? goodness gracious. but it's been like this forever. the politicians always way overstate their qualifications, way overstate the troubles we're in, and all of that. beto o'rourke is no different than all the others. alexandria ocasio-cortez as well. i mean, all of them and by the way, the republicans do, too. you remember the debates from 2016, all the screaming and hollering and shouting that went on. but beto o'rourke is pretty far out there.

he's about as bad as anything i've seen. charles: we are used to hyperbole but as far as overstating qualifications that might not be too hard. i do want to ask you one last. nashville, you were smart enough to move there awhile back from california, the hottest jobs market so what's the secret? >> the secret is as i analyzed back then and made a decision of all the other 49 states to leave, i did the analysis of all the states and tennessee came up number one. the lowest tax burden, not counting oil and stuff like that, the lowest tax burden, the fastest economic growth, biggest surplus surpluses. it's amazing, unfortunately there are real problems in a couple of the other cities in tennessee that don't allow it to really share the prosperity that nashville has, but i chose nashville and i did it analytically. i was not from nashville. i had never really even been there. i had been in the airport but had never been there and it just

turns out to be the place on the planet. we have good politics, good economics, good everything, it's just wonderful here. i'm so happy i am here. we are still wide open. come on, charles. you know how much in taxes you would save? when i go to audiences in new york, connecticut and new jersey, i ask how many who live in new jersey, new york or connecticut and they raise their hands, i say that's an iq test. that's an iq test. how dumb can you be to stay there. then you have ashley who actually left here and went to you guys. are you there? ashley: what a mistake. i am. >> that's a double whammy. you leave here and you go there. come on, guys. charles: you are rubbing it in. got to leave you. you are rubbing it in. thank you. a quick check of the dow 30. guess what? it's up now. the majority of the stocks. boeing, of course, something of a major anchor but goldman sachs

moving out to the lead. some of the tech names also acting really well. hey, you know the genetic ancestry tests that continue to grow in popularity? one company makes a key component found in nearly all of these home dna kits. they have the market cornered. up next, we talk to that company's ceo. edward jones came to manage a trillion dollars in assets under care by focusing our mind on whatever's on yours. if ywhen you brush or floss, you don't have to choose between healthy gums and strong teeth. complete protection from parodontax has 8 designed benefits for healthy gums and strong teeth. complete protection from parodontax.

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charles: you know the dna testing kits, they are very popular right now. well, there's just one company making almost all the little plastic tubes that people spit in for those tests. joining me is the ceo of orasure technologies. congratulations. you have cornered the market. >> good morning, charles. pleasure to be here. charles: good morning. so you know, talk to us about how you developed this and how you got so well positioned. >> well, you are talking about our oragene dna product which as you said, has been used -- is being used by most of the purveyors of genetic tests. the reason we have been so successful, we found a way to stabilize dna in saliva and have it stored for several years. that convenience has helped consumers access tests for companies like 23 & me and others to learn more about their health, their wellness and their

genetic predisposition to diseases. charles: of course, with great success comes greater scrutiny. some people are anxious about maybe these companies doing other things with that information, very personal, private information. are you concerned about the industry, what they might do with some of this information? >> well, i think we all have to be vigilant about data privacy, particularly about our health, so i think what's going to happen is that the companies who sign up people for their tests are going to have to do a better job of being specific about how the dna is being used. i think we as consumers or patients are going to have to be more vigilant about what we are signing up for. charles: next project on the drawing board? >> well, you know, the best way to access health information is to do it conveniently. so we found a way to use saliva. we also have tests which sample the feces and also urine-based tests for things like prostate

cancer and bladder cancer. so even though this is a serious business, we are very well aware that the bathroom part of it, it makes it a very convenient way for us to sample our health. we can know a lot about who we are by that. charles: congratulations. you cornered this market. thanks a lot. we appreciate you this morning. >> thank you, charles. charles: another quick check of the big board. the dow has turned around, fractionally higher. the other major indices are much higher. of course, the s&p and nasdaq are coming off their best week. coming up at the top of the next hour, we will get the latest on housing and that could move the market. she can stay with you to finish her senior year. things will be tight but, we can make this work. ♪ now...

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charles: 10 a.m. on the east coast. 7:00 a.m. out west. i'm charles payne. stuart willing back tomorrow. we were down at start of trading. the dow joined two other major indices moving higher. we have the latest read on the housing market. ashley, what is the number. ashley: the number is 62 which probably means nothing to anyone. it is holding steady up from 58 in january. what the builders are saying, looking forward more encouraging. they say they're anticipating very solid spring home buying season. the market is stablizing, since slowing down at end of last year. they say lower priced homes are selling very well. the inventory of more affordable homes are also increasing which

is good news. the biggest problem they have is lack of skilled workers. lack of buildable lots out there and stiff zoning regulations in some of the bigger markets. so that is a challenge. overall a more encouraging sign. charles: keith fitz-gerald is with us. the dow was up 14 points, up 28 points, reperhaps acting to this? >> i think it is an interesting number. tells me lee session nary fears are underway rather than sort of dancing on hot tin roofs is sort of a good thing. charles: i also want to get your thinking here. boeing, that is the big drag on this market right now. down 10 points. but the dow is up. nevertheless boeing has some serious problems? >> i think boeing does. the fact that the faa is now looking in, they're

scrutineering the scrutineering. i think the stock will be range-bound f there is headline that breaks potentially lower end of this range. charles: over the weekend i read one estimate that will cost them $7 billion. that is a lot of money but perhaps in the grand scheme of things it is not but certainly it will be built into the share price so what else could happen here that this could be actually worse than this stock moving sideways? >> well you know if you look at this very simply this is like a king-sized automobile recall. if there is material safety issue if in fact boeing skipped something. they took the easy way out around certification, they have in fact been allowed to self-certify i think the company is in a world of hurt. if they can survive that, get ahead of the crisis management then the stock takes on new resill general sy and i think --

resiliency and comes roaring back. but i think we have a long way to go before that happens. charles: what do you think they will do with this pulling $50 billion a month of accommodation out of our economy? >> you know, that is a tough one. that to me, all these other issues aside that is the single most important issue at there right now, charles. if the fed even hints at any kind of hawkish talk whatsoever, i think market has a major hiccup. i don't think they want to do that i think they learned to behave and respect the data. if we get that i think the market in fact will go a lot higher. charles: keith, thank you very, very much. folks, meanwhile president trump sending out more tweets this morning about the general motors plant closing. here is one. "general motors and the the uaw will start talks in september and october? why wait? start them now. i want jobs to say? the usa and lordstown, ohio,

this one of the best economies in our history, opened or sold to a company that will open it up fast. car companies are coming back to the united states and so is everyone else. the envy of them all. close a plant in china or mexico. where where you invested so heavily pre-trump, but not in the usa bring jobs home." keith, i have to ask you about this. what is your assessment here. got toyota saying they will bring $750 million. you have fiat $4.5 billion. companies are investing big-time in this country. >> they are. the president has a very strong and salient point, if they don't do it somebody else will. that is the first law of capitalism. if there is opportunity, money will to where it is being treated best. right now that is here. charles: keith, thank you very, very much. appreciate it as always, buddy. check on the big board.

it is slow going. the dow opened lower. the starting to trend a little bit higher. other indices are doing higher, much higher. apple launched two new ipads. apple could be launching a new airpod headphones and maybe long-awaited wireless charging mat at that event. many people think that may. china making a big push to dominate five gee rollout. our next guest says the china's 5g tech is a trojan horse and represents a threat to national security. we have brad blakeman. make your case. >> the case is this. the china is luring the world not only the united states with 5g or better because they're doing it because it is dependent on their critical infrastructure in order to make it work. in addition they provide

integral component parts to cell phones around the world integrated with chinese huawei and zte components which make it subject to surveillance and dependency i don't think this is good for america. i think it's a national security issue. mergers, sales, acquisition, congress better be on top of it, we cannot allow china to be dependent on america and we certainly do not want to be dependent on china for our critical infrastructure. charles: brad, what do you make of our allies in europe. they said, we assessed situation, maybe there is threat here or there, we'll be able to handle it, mitigate it and we think we'll do business with huawei? >> this is the same type of attitude that happened with the appeasement of germany. they handled it. they understood they could contain it. well they couldn't. by the time germany was so powerful it took the united states to cross an ocean to free them. we can't have this happen again

with technology. technology is the holy grail. america has become america because of our innovation. china doesn't innovate, they steal. they are makers takers and fakers of our technology. shame on us if we let it happen. new zealand the other day denied huawei and 5g. we should do the same. charles: are you equating them, huawei potential of this intellectual property theft to build up of, you know the war of machine in germany, before the world war ii? >> what i'm saying is, our adversaries especially china would like to take us down economically. they don't have to fire a shot. they think they can do it by stealing or integrating their technologies. what do we do? we could become dependent on them working but we have no other backup. the united states should provide our own technology, our own 5g or better. we shouldn't be dependent on china. charles: i want to ask you about former vice president joe biden

because he may have given away his plans for 2020 over the weekend. take a listen. >> i'm the most progressive record of anybody running for, anybody who would run. [applause] i didn't mean -- [cheering] of anybody who would run. charles: well you can imagine president trump tweeting about that. joe biden got tongue-tied over the weekend when he was unable to properly deliver a simple line to run for president. get used to it. another low i.q. individual. there is a lot of bidennisms out there for sure. he puts his foot in his mouth a lot. what do you think? it sounds like i don't know that a formal announcement could be imminent? >> i think he is cagey like a fox. i don't think he misspoke at all. it was purposeful. he made news. i'm not sure his gaffs are gaffs at wall. it is his way of teaching his

toe in the water, assessing things and keeping him in the news for himself. i'm not so sure this wasn't calculated. charles: beto got 6 million in 24 hours besting kamala hair remembers and bernie and others. does this put him in the front of democratic nomination process? >> no. i think he is a flavor of the week. we're at 17 announced candidates. could be many as 30 by the time we move into the summer. because of the press attention he got attention but certainly he is not a front-runner in any real sense is we have to think of a name. maybe the audience can be named. what would the flavor of week be named of beto? >> rocky road. charles: bland but exciting. thanks a lot, brad. 3m facing a big lawsuits. hundreds of veterans say they were given defective ear plugs. they say the ear plugs caused severe damage to their hearing. we're talking to a veteran suing the company later on this hour.

new zealand shooting live streamed on facebook, then reposted and removed from youtube more than a million 1/2 times over the weekend. the question is, does social media have a problem with graphic violence? we're on it. more on that college entry scandal. elites paying big money to bribe their kids into elite schools. how big does this go? we're talking to a education expert next. ♪ okay, paint a picture for me. uh, well, this will be the kitchen. and we'd like to put a fire pit out there, and a dock with a boat, maybe. why haven't you started building? well, tyler's off to college... and mom's getting older... and eventually we would like to retire. yeah, it's a lot. but td ameritrade can help you build a plan for today and tomorrow. great. can you help us pour the foundation too?

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charles: get a check of the big board. we're down 10. trading in a very, very narrow trading range. this is overstock. you know overstock has the infamous ceo, made a big move on bitcoin. making a big move down. the company lost more money than expected, off 8%. there is burger king offering a new coffee subscription plan. ashley, how does it work again? ashley: you may five dollars for a monthly subscription. that is pretty good, right? you go to burger king, basic coffee. small coffee. can't get every iced drinks. if you to get a small coffee, you pay 1 cents -- 17 cents for

30 days. they are falling behind wendy's and mcdonald's of sales. this is one way to get someone in your establishment. hopefully that leads to sales of other items. stuart varney swears bit 51-cent mcdonald's coffee. maybe he would be tempted based on price. charles: 1 cents? insist on senior citizens discount on top of it. now to the colleges admissions scam. including prominent actors. she is at american enterprise institute. she is follows the college industry. how deep do you think this scam will go? it goes back quite a few years? >> i wouldn't be surprised if we're just kind of scratching the surface. there are so many colleges involved, so many different administrative officials at each college, so many different coaches at each college. you have the college board involved with all these tests. i could easily imagine we're --

charles: i was surprised to come out quickly colleges were victims and they had no idea. the kid gets into a school for rowing and never rowed, isn't on the team, they don't go go to classes it feels like too big of an issue somebody higher up doesn't know about this? >> well it is certainly possible somebody higher up did know about this at some of the colleges but what you're seeing here the college admissions game is totally subject t there are so many different reasons a college would ad someone, whether rowing or their race or their scores or their grades or they know someone, any single person looking at a student, saying why was that kid let in wouldn't even bother asking the question, there could be any number of reasons. charles: one thing that i have been pretty big on is the asian students who have been discriminated against by elite schools like harvard. does this get back to the notion

we should have merit-based system, bottom line? >> we should absolutely should. the federal government should not be involved in prosecuting. the federal government doesn't have a standard for fair college admission. they are not defending civil rights laws on the books when it comes to college admissions. idea coming into these people's houses guns blazing you got in unfairly seems absurd. until we have a standard -- charles: they will focus on tax evasion, using mail. >> that is end-run around it. what they want to say what the people have done is unjust. they found some federal statute they can prosecute them under. charles: what would be just? in other words because we're in era where almost everything goes back instantaneously to magnifying inequality, whether it was manafort's initial 47 months, the topic immediately

became inconsist is in criminal justice sentencing? when we get topic any kind of arena, it goes back to the inequalities in this country? >> college admissions need transparency. we need objective standard. frankly if the private schools don't want to have that, the federal government shouldn't throw them all this money. charles: i'm glad you said that. we have $1.6 trillion, 11% delinquency rates. at some point this could be become a taxpayer issue, all the college debt outstanding is. >> it is already a taxpayer issue. charles: what do you want to seat government do? >> i want the government to say hook, we need objective standards for college admissions if you private colleges cannot show us, the asian student lawsuit we had to sue in order to uncover what the admission standards were. if you cannot tell us what your fair standard admissions are, you don't get the money. charles: harvard, with $40 billion, why don't they fund their own educations? if it is the best education in the world, you fund it, make

interest off of it? it's a win-win for harvard. >> i am with you. i don't think we should subsidize harvard's endowment. charles: the big board, the excitement in the studio turned a 10 point loss into a five-point gain. we appreciate that enthusiasm. >> >> latest out of venezuela. we have a new report that the maduro regime sent doctors door-to-door telling the sick and elderly they wouldn't get health care if they doesn't vote for him. that's right. we have full details on that. ♪

if ywhen you brush or floss, you don't have to choose between healthy gums and strong teeth. complete protection from parodontax has 8 designed benefits for healthy gums and strong teeth. complete protection from parodontax. want more from your entejust say teach me more. into your xfinity voice remote to discover all sorts of tips and tricks in x1. can i find my wifi password? just ask. [ ding ]

show me my wifi password. hey now! [ ding ] you can even troubleshoot, learn new voice commands and much more. 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. charles: breaking news outs of the netherlands. three people are confirmed dead,

nine people are wounded in that shooting aboard a tram in central netherlands. one local official thinks the motive could be terror but the police have yet to verify. we'll keep updated as we learn more. "new york times" reported that nicolas maduro used scare tactics to get votes from elderly and the sick. susan. susan: using doctors to coerce. this was program used by hugo chavez, in socialist regime like venezuela health care is universal right. starting in 2003 they brought in cuban doctors to dispins some of those medical services. 16 doctors that "new york times" spoke to 13 in total, they are a part of system of deliberate political manipulation in which their services were wielded to secure votes for the governing socialist party. in one of the cases it was pretty extreme. for instance a elderly gentleman

walked into hospital needing oxygen for emergency care. now, the supervisors told this doctor to basically, oxygen in this medical emergency situation but also tell the voters in these patients, closer to the vote, if you want oxygen in the future vote for the socialist party. charles: that is so sad. susan: yeah. charles: thank you very much. newark, new jersey, the most recent city to explore the possibility of offering universal basic income. that's right to every resident in the city. ashley, tell us the details. ashley: this was put out on the state of the city address. a third of newark lives at the poverty line or below. they set up task force to see whether it is feasible that people can get paid on a monthly basis whether they work or not. that universal income plan. two things here. how would they fund it and who

is eligible? they say anyone even if you're working. they're looking at feasibility of the universal income idea. we seen this played out before. we talked about it earlier. in finland, they ended up cutting the program. it just didn't work. i think biggest question for newark who is going to fund this universal basic income? charles: own that note -- ashley: it's a popular thing for a politician to say. charles: got, mark zuckerberg gave them $100 million. i wonder whatever happened to it? ashley: yeah, yeah. susan: for the schools, right? charles: check the big board. the dow is sideways. it has a big anchor called boeing. it is the most influential stock in that index by far. the next stock is 50% less influential. when the stock is down 10 points it is amazing to see the dow up 10 points. possible setback with trade talks with china. new reports that the meeting between president trump and xi

might get pushed back to noon. checkers, the popular fast-food restaurant, is getting in on delivery craze. you could have food delivered from checkers to your door from any of locations. checkers ceo will tell us details about that. that is next. ♪ -driverless cars... -all ground personnel... ...or trips to mars. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade.

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charles: stuart varney is not here. we always honor stuart with a beatles song. check the big tech names. we check them every single day. facebook with a downgrade. other than that the rest of them turned higher. a lot of upgrades on all the names in the the last two weeks. facebook sup 27% for the year. federal reserve officials are meeting this week. the big question will there be any rate hikes this year? joining us jeff klinetop, investment strategist. jeff, i think it is almost a foregone conclusion the fed will not hike but i think wall street wants it made official this week, what do you think? >> i think that is what they're looking for. remember last time we heard from the fed's dot plot, their forecast what they are likely to do this year, it contained two more rate hikes this year. the market pricing in a less than 1% chance that the fed hikes rates. i would be surprised to see two

rate hikes. i think odds less than 1% they hike rates this year. given fed unlikely to wipe that all off the table, the market could be a little disappointed by the fed meeting. charles: by the same token, i think the market got anxious with the jay powell fed, october 3rd last year, he made off-the-cuff remarks that crushed the stock market the next three months. would the market be fine if the fed raised rates and because the data was fantastic? sort of their job rather than raising rates automatically? >> yeah. if the data was fantastic and warrant ad rate hike i think markets would be okay with that we saw markets rise in 2017 as fed hiked rates in early 2018 as well. here's the thing, we're seeing rage growth which is running the fastest pace in 10 years in the u.s., not necessarily a bad thing of course. but we're seeing it begin to impact profit margins here in the u.s. and asia, europe and elsewhere and the fed is looking

at some of this higher pricing pressure related to wages and maybe responding to that which is negative for profit growth. so it's a little bit of push and pull here in terms of why the fed chooses to react. if it is better top-line growth, that's great. if it is more profit pressure. that is not a good thing. charles: some purists think the fed should not look at the stock market at all to take their cue but apparently that's what they're doing? >> i think the fed is keeping an eye on markets given volatility that could translate into financial conditions. that is how the fed pulls lever to adjust economy. it adjusts market conditions. the stock market is more impactful than in a long time. charles: jeff i want to switch topics. the south china morning post reporting that the april meeting between president trump and xi xinping may be pushed back to april. do you consider that a setback? >> well, not necessarily, look there is a lot of things to work

through here. china continues to make offers in the meantime. passing another law related to intellectual property protections. so china continues to announce measures that are offerings to the trump administration. if it was radio silence that would be more concerning. appears progress is being made but an end date is pushed out a bit. that is not all together bad news. charles: a year ago the chinese media put out a lot of articles saying we'll not beat japan or let lighthizer and company force us into currency deal. that was publicized but very similar. now they said okay we'll even probably look at ways not abusing currency, to me that was the final check, that okay, between that and intellectual property i think china is really serious this time? >> yeah. they have made a number of offers here. it may be in response to the fact that their own domestic

economy is slowing so rapidly. not necessarily tied to trade yet, certainly additional tariffs trump administration threatened would have a bite on chinese economic conditions. i think china over all looking at something they need to do so stablize over all business and consumer confidence in china. remember this isn't something they worried about in past. they unleashed the gates of infrastructure spending to ghost cities and bridges to nowhere in the past to goose the economy. they're not looking to that. they're looking of western style stimulus to tax cuts to boost confidence. best way to do that sign a deal. charles: your debt level rising you might need to find different ways to boost the economy. jeff, appreciate it. ordering rood from home is being made a little easier. ceo of checkers is with us. rick what is exactly going on? checkers now in the delivery

became? >> absolutely, charles. thanks for having me. convenience is being redefined in fast-food. it is incredible. we pride ourselves in fast-food being incredibly convenient. so you can go to any of our 900 restaurants across the country, show up, no reservation required, you can order anything off the menu, three to five minutes got it in your car you have great value. today you have to deliver more. guests want delivery. we created a delivery program to have our hot food delivered right to their house. charles: the key of course, there is a lot of competition, right, uber eats, grubhubs, those kind of things in the world. would you still incorporate them or is this something you want to do by yourself? >> absolutely not. we're embracing innovation. what is happening across the industry all of these third party delivery providers are offering very convenient way to get food and other items to people's homes. so we actually embraced that. we developed a program that allows our customers to pick whichever delivery provider they prefer. right now we have relationships

with all five top delivery providers. we created a platform so our guests don't have to go to another source. if they're using uber eats, they can use the uber eats app and order rally's and checkers food. we made it convenient for operators as well. it is important for the franchisees to make sure they're happy as well. this platform has it such if you order on your phone, charles, that order foes straight into the restaurant kitchen right into our order platform. so our people on the line would see the order, make the food exactly as you ordered it. charles: we have less than a minute but there was a report last weeks some restaurants thinking about different hours, four-day work weeks, things like that. we know your industry can have notoriously thin margins. if you're talking about spending money to deliver food and you foe of course, surge in wages in your industry, are you concerned about impact to the bottom line?

>> absolutely but we made this so it doesn't impact the bottom line. remember this order, you don't need a cashier. so our restaurants are saving labor because you don't have a cashier taking the order. the order comes into the kitchen. there is labor savings. there we also designed it some of the transaction costs implemented are passed on to the consumers. consumers understand it. they're very happy to have the freedom and convenience of having the food to their house. so everybody is happy. consumers are incredibly happy to have option and our franchisees are still profitable and successful. charles: rick, you made me very hungry. congratulationslations. we appreciate you sharing news with us. >> thank you, charles, have a wonderful day. charles: check on the big board. the dow off 6 points in very narrow range all morning long. did you hear about the protests again, these yellow vests they erupted again in france over the weekend. ashley, give us a update. ashley: thanks quieted down over self weeks and months. again as you see here they

erupted again. about 10,000 people in paris, smashing in windows, luxury stores on the champs-elysees, battling police. 42 protesters injured. quite a few arrests. 240 arrests. bottom line, mr. macron was skiing in the pyrenees when this was held. he got off the skis. held a crisis meeting. french say they will take a harder line about the protesters. they believe there is core group of 1500 protesters who is only aim anarchy, basically smash up everything, loot and create mayhem. they believe this has gone away from the original, as we remember, the original protests over higher fuel taxes and broadened out from there. he believes the french government acted in good faith to tackle many of these issues. now they believe just this group of hardcore anarchists that are trying to continue to create havoc and they're going to get tougher on them. we'll see.

charles: my son landed in paris on friday. he was denied entry into the country because he had a temporary u.s. passport. they just changed the law in december. i found it amazing, you know, as much as macron opined on i am more -- immorality immigration system they have a right to who comes into the country. deny my 22-year-old american citizen son, who was in a week before in italy and switzerland with the same passport. you can determine come into the country, oldest allies, maybe america has the right to do the same as well. i glad my son missed all of that. he was going to some of those stores. ashley: oh, boy. charles: the dow is off 13 points. again the s&p and nasdaq are higher. you know sim ba, of course you do. they run the dance fitness classes. we'll talk to the company ceo

next hour. do they have anything popular for a guy with bad niece? apple watch, may have falsified identifying some heart a rhythm disorders with some these users. we got the details on it. it is not good news for apple. ♪ our grandparents checked their smartphones zero times a day. times change. eyes haven't. that's why there's ocuvite. screen light... sunlight... longer hours... eyes today are stressed.

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ashley: silicon valley watcher vivek wadhwa, big tech companies like google and facebook have failed to uphold their promise to do no evil. roll tape. >> these companies sold their souls. google was supposed to be company did no evil except building technology, building surveillance technology in new search engine for china. facebook, we're seeing evil they're doing all over the world. mark zuckerberg was sucking up to the chinese government like you won't believe, doing everything he can. going to beijing over and over again begging them to allow facebook in. he sold his soul to the chinese this is dead wrong. this is not right. i agree with president trump on this ♪

charles: dow jones industrial average up two points. it was down about 50. so we're okay. here's tesla. now there is a new report that says they're planning to discontinue the model 3 with the mid-range battery. that stock has had a tough go of it the last couple weeks. there is a new study on apple watch which finds it may

be falsely diagnosing people with heart rich problems. susan you have this. susan: a new watch, basically apple watch have ekg would possibly detect irregular heart beats or he irregularity with the system. they had a massive study done, with 400,000 individuals. they had some mixed findings because the doctors say there is potential for false-positives and other aspects of the study that showed that people should be cautious about relying on these diagnostic tools. so basically we're talking atrial fibrillation, this can increase one's risk for stroke. according to the study, not a lot of people are actually, not a lot of the study participants received notifications of this. knows that did, when they examined further, didn't experience the atrial fibrillation status. charles: apple has big dreams in the area but it is getting off

to a slow start. thank you very much. hundreds of veterans filing lawsuits claiming ear plugs don't work properly. consequently they're suffering hearing loss. joining us veteran roberto garcia and his attorney adam moscowitz. roberto explain how this is happening? how badly has this hurt your hearing? >> there are several things. dealing with the hearing loss and tinnitis. sounds you can't hear often. the once the tinnitis extreme ringing can numb out all other sounds and cause migraines. this is very difficult. i had issues, trying to deal with that in my personal life and also my work life. charles: adam, talk to us about what the company has said about this and the nature of the lawsuit?

>> thank you, charles. i was contacted recently by personal injury lawyers across the country is there something we could do on classwide basis. i focus in only on class action litigation. i taught at the university of miami school of law in 25 years. we only take a certain amount of cases. only a handful we think we can make a difference to really help the world this is one of them talking to people like roberto, many other veterans we found out that the va hospitals are underfunded, they're undermanned. they're not staffed properly. they're tax paid and some people like roberto have to wait two weeks to three weeks, even to get an appointment. so what we thought -- charles: adam, what kind of remedy are you looking for? >> charles, the main remedy is medical monitoring. we want these people like roberto to be seen immediately by a proper physician, not have to wait all day at a va hospital and get checked out. charles: right. >> these are people that sacrificed their lives for us. 3m made $32 billion last year.

you would think they would set up a little bit of a fund so that roberto doesn't have to wait three weeks he can get checked out for tin night tis and other hearing losses are terribly damaging hundreds of thousand of veterans across the country, mainly hear in south florida. we have the largest percentage of veterans affected by these ear plugs here in south florida. charles: we are definitely going to continue to follow this story. roberto, want to say thank you for your service, thank you both for coming on. >> thank you. charles: 3m sent us the following statement. 3m has great respect for the brave men and women who protect us around the world. their safety is our priority. we have a long history of partnering with the u.s. military and we continue to make products to help protect our troops and support their missions. we deny this product was defectively designed and will defend against the allegations in these lawsuits through the legal process.

that is from general -- 3m. social media violence problem. the new zealand mass shooting live streamed on facebook. google says it removed 1 1/2 million of these reposts of the video on youtube over the weekend. more "varney" right after this. i think there are some ways to help keep you on track. and closer to home. edward jones grew to a trillion dollars in assets under care, by thinking about your goals as much as you do.

charles: breaking news. alan krueger, famed princeton economist has died. ashley: that news coming from princeton university saying sadly he passed away over the weekend. we don't know from what. he was young, 58 years old. an extremely prominent economist. he was, in the obama administration. he was contrary at the house white house council ever economic advisors. he took over from austan goolsbee. considered one of the top economists in the world. considered one of the top 50 economists in the world. very shocking news. charles: sad news. speaking of which the horrific shooting on new zealand. live streamed on facebook, reposted and deleted from youtube five million times since friday. howard kurtz from the fox news channel.

howard, does social mead have a problem with graphic violence in your opinion? >> social media has a huge problem. facebook, twitter, google are trying to do, million 1/2 videos is kind of mind-boggling guys to show you, feels like they're overwhelmed, pose goes to show you, facebook, this machine for mark zuckerberg built, this is difficult to control, hate speech, russia disinformation or videos of violent nature. charles: this has become his version of the frankenstein monster. some folks say when facebook really wants they develop algorithms or zero in on things they consider conservative hate speech. that they're pretty quick to identify those things and remove them. do you think they could be doing more with technology and other efforts? >> you know, i understand the argument, certainly. there has been some cases showing that they seem to be a little more quick on the trigger

when it comes to either censoring suppressing doing something with conservative speech. when you're talking about a million 1/2 videos, one thing i don't understand, charles, who is posting all the videos? are they people sympathetic with terrorists? people like to spread violence? i think societal problem here as well. but no, when you get up to a million 1/2 videos in the course of a just a couple days, i think any company would have trouble keeping up with that. i think in this instance, unambiguously, facebook and other tech giants are trying to do the right thing. i think they just don't, i think they're just overwhelmed, don't have the tools to keep up with this flood of disgusting footage playing into terrorists hands. that is what this mass murder wants,. charles: i haven't said his name. won't say his name. >> good. i'm with you on that. charles: all the fingerpointing afterwards played into his

hands. always appreciate it. >> thanks. charles: check on the big board. dow jones industrial average up 12 points. the other indices are not doing better today. democratic presidential candidate beto o'rourke making big waves since he officially announced last week. he is breaking records when it comes to raising money. we have the astonishing numbers for you next. ♪ ..

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charles: top of the hour. near the highs of the session the dow up 24 points. the s&p up all session long. remember it had an amazing breakout last week. that number i think can help propel us back to the all-time highs. in the meantime, nasdaq also getting some really strong traction despite the downgrade of facebook all the other big tech names are higher. want to bring in steve forbes, editor-in-chief of "forbes" media. steve, this market has an amazing start to the year and after the worst week it responded with the best week. what does that tell you about the market? >> market is telling us they want certainty about the economic environment is going to be. i.e. trade agreements with china, getting a new nafta

through congress. this market is ready to go higher. they realized the economy is in a positive right now. especially the first quarter. it uncertainties out of the way in the second half the economy will really war appeared >> the economy is two thirds driven by the consumer. the unreported story on fridays in the michigan sentiment number come out the bottom two thirds went from a 90 rating to a 97 rating. i think that's reflective of these wages. middle america is finally getting a real paycheck increase and had of inflation. >> people are feeling confident about the future and where they have for generations. look forward to tomorrow. so yes. but the key thing is get the china thing out of the way. when you get good news the market goes up. until they get it on the market is going this way about way. charles: as of right now, nasdaq

is up 16% this year. that's not a market that's intimidated that we must be assuming -- >> especially december was a real cloud whether this thing would get done or not whether we'll have a trade war appeared now they're going to come to a deal and even though president xi jinping of china is not coming this month, i think he will come when they have a deal design. he doesn't want to, go back home empty-handed. ashley: the fed took it set off the pedal and it's been a lot more accommodative. >> .apologist say they're looking at the data to change their minds. i think what got been to change their mind is getting hit on the head by the president at the white house. charles: you could argue we ventured into a period where the central banks cannot ever raise rates again. for a long time.

>> biscuit double question why is the fed trying to drive the economy in the first place? they talk like it was a machine. maybe overheating, that kind of thing. if your income goes up you feel you're overheating, sweating, take it away because i'm getting too hot. it's preposterous. of the economy alone. >> a big headline from a group of economists shows a trade war so far talks about $720 billion just last year. in a 20 trillion, $21 trillion economy at the tickets a big number but we know there will be some negatives. >> very negatives in the age effect or come assert manufacturers where the costs have gone up because steel prices have gone up and research showing putting steel tariffs on is another word for sales tax. hurts us, her china more but still hurts us. once we get this out of the way. we are finally realizing the way to put pressure on china is

going after specific individuals like we are at the cfl from huawei are specific companies and sanctioning them. that hits home. you take one of the chinese banks and kicked him out of the system which is our international payment system. by golly they go down. that gets their attention. ashley: i absolutely agree. i think one of the stumbling blocks of getting this thing done is how do we verify? how do we do what they say and we do. they are proposing a multilayered kind of system in which we can check. i don't think we can never know what they're doing. >> the key thing is to trust the government to have a problem. before they felt the government was not interested in the problem so they kept it to themselves. they now know they can say something is going wrong. the key thing is we're willing to enforce the existing rules. never done it consistently before. i cannot will the layers they

want. charles: minimum of two years, maybe six. speaking of which i want to talk about general motors. president trump got into this over the weekend with the automaker of course upset with their decision to shut the ohio plant. ashley, go over some of these trees. ashley: let's get right to it regarding the plant in ohio. general motors and the uaw are going to talk talks in september/october. why wait he says? i want jobs to stay in the u.s.a. one of the best economies in our history open or sold to a company. car companies are all coming back to the u.s. so does everyone else. we now have the best economy in the world are the envy of all. get that big dutiful plant in ohio open now. posted plants in china or mexico were even vested though heavily

pre-charm. it's not in the u.s.a. bring jobs home. gm has responded to that same look. the plant's future will be resolved between general motors and the united auto workers union. of course the uaw sued gm in the wake of the plant closure saying that breaches their collective bargaining agreement. however, the president really getting hard on gm here. >> you talk about the president and administration taking of the businesses in china getting the message to a degree also taken of the blue-collar workers. he also pointed out over the weekend the amount of money toyota is putting into the country. last month he has said they would invest $4.5 billion. i know it's a conservative you don't like when the government gets involved with corporate decision-making. where do you come down on this? >> you mentioned toyota. they mention 13.5 investments

and thankfully we have an economy where there are labor shortages. 7 million jobs out there in only 6 million unemployed. the president writes gm should sell the plant. one of the has the uaw is that they've made it uncompetitive with their vast work role. very hard to do business. that's why auto manufacturers are going to state like alabama, south carolina, texas, tennessee where they don't have these work roles and therefore can be very competitive. we have a very large auto manufacturing industry. not so much to get rid of the plant and let somebody do it that way. that way everyone is going to end up happy. ashley: gm also seen steve, look, they're having to go with the times or they have to focus more in electric cars are not taught amiss cars.

>> one of the key things is the ottawa industry today is the most competitive industry in the world. every country you go to a show room today, dealers now know most people are coming in with all the prices in the area in deals being offered so you don't get much fortune there anymore. a very, very tough business. gm has to look out for itself. we have other in this country and foreign companies in this country. the workers one way or the other will find work hopefully with a company that has a big future. uaw work roles as work roles is why they went in the south driven they first came over like honda did, honda wanted to cut a deal with the uaw. uaw said no way. honda said we can't do it in the way of japan. we want to replicate that you won't let us and they went south. charles: they've dug themselves in a hole.

president trump -- thanks a lot, steve. president trump going after google. the top u.s. general says google's work is benefiting the chinese military. up next talking to the director of the movie the creepy mind. the documentary about the societal manipulation of google and facebook. $6 million in 24 hours after he announced he was running for president. that is more than bernie sanders in the same time. here the question why is he so popular? we are on it. 11:30 a.m. eastern, president trump will receive a briefing on the economic report about 700 pages and basically an overview of the country's economic progress. and then it's expected to be posted at noon. of course we are looking for in a headline that comes out of this meeting. stay with us. it's the third hour of "varney &

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charles: it's got a couple of corporate headline to close out. amazon for their new hq two in virginia facing protests from community activists on saturday similar to what happened in new

york. the board unanimously approved $23 million for amazon's campus. let's check apple announcing improvements on their current line of tech including a new ipaq air. it's got a 10-point size screen that includes support for its new pencil and a new ipad mini. no word yet on the air paths. the young burger king now sizing up starbucks adding to their own monthly coffee tabs that will give customers a small cup of coffee every single day. if you want to sign up grabbed the pkf on your smartphone invited under offers. they are not happy with their work with the chinese. tweeting over the weekend, google is helping china in their military but not u.s.

terrible. the good news is they helped kirk and hillary clinton not trump. here's a clip of the documentary. the policy about these things is to get right up to the line and not cross. i thought a google ceo told congress that search engine product that can help the military product. >> google sold as lots of things about privacy and not circumventing security. the fundamental issue here is that you have to go back to 2010 when google actually pulled out of china. sergey brin was worn in the

soviet union, called them totalitarian. he actually took a stance saying we cannot have this totalitarian government looking at people's e-mail. we cannot have our product fair. and so i think the egregious thing is they already know that this government operates this way and they are going back. it's not like they just want the market. they know already what this country does. charles: the bottom line is they are putting the bottom line over the safety of america really. >> well, sure. obviously the criticism has come from the fact that they've turned down the pentagon. and i don't discount -- that is your choice. but to turn down the united states, remember this is a product built in a free-market society, free-market capitalist

society and then to go work with people who are actively working against a site inc. is very concerning and disturbing. >> i understand the conflicts, but i also understand freedom isn't free. people on the campus kind of stroll and and then they create their magic and don't understand the only reason they can do that is because we have the most powerful military in the world. >> absolutely. google has had some issues with employees leaving because, you know, the chinese search engine that was one thing are working with the pentagon. i don't think that anything google says publicly can be trusted. they probably are. maybe they are still working with the pentagon. transparency -- charles: you cannot trust them or their work. they always come out.

>> i think they moved the line. thank you for having me. charles: steve forbes is still with us it is got a new piece on fox news.com called the u.s. can beat china in 5g without becoming like china. state your claim they are. >> there's a move afoot to get the u.s. government involved to beat china 5g. first of all, we are far ahead in terms of technology. don't underestimate. the last thing we need is crony capitalism getting in this space. but the entrepreneurs do it. they will do the job. getting government involved -- [inaudible] >> you bet we are. don't underestimate our technology capabilities. to have the government come in and give free military space to consortium to compete in 5g. they want that kind of space from directv.

five from charter instead of having the government give it to them for free. that is our only ace in the sleeve is that the free enterprise, not to repeat the soviet union. that's how we can beat china. charles: attention basketball fans. march madness is upon us. the american gaming association said americans will bet that this year. wait until you hear how big. we will give it a number of macs. -- next. - my family and i did a fundraiser walk

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get started today at customink.com. charles: it's the middle of march. you know it time for ncaa march madness. the college basketball tourney kicks off this week. we are expecting to bet more than a $.5 billion. big favorites, got a bit suit. zion williamson back on the court after his nikes blew out last month. overall rated in the tournament. ashley are pretty excited about it. ashley: i'm very excited. charles: by the way, nike got an upgrade. the big one. this one is for our many loyal

viewers and friends. the inking about flying anytime soon, check out this robotic ballet for your car made by a french company and its fictionally named stan. most importantly it's about half the cost of eight human ballet. 61% compared to 117 for a human being. ashley: is that all? charles: a good lot of story. nobody hit the powerball jack out over the weekend. wednesday's giant could meet $500 million perhaps for one lucky player. of course before the federal government gets its hands on it which would allow a hole in the depending where the ticket buyer is. charles: here's your odds then. the only 1,292,000,000. ashley: don't get stuart varney going on not.

democratic national convention will be held in milwaukee and homeowners are jumping on the chance to make some money. some places listing their places on air b&b $4000 a night. senator elizabeth warren released her own housing plan and of course she wants to tax the rich more. we will give you those details when we come back. ♪

charles: 11:30 a.m. eastern president trump a receiver briefing on economic progress. 700 pages and its expect it to be posted online at noon. of course looking for any headlines that come out of this meeting and will share them with you. in the meantime losing a little bit here are 31 points. half the stocks are higher. goldman sachs cheerleader. some big real estate trends. air b&b is on a tear around. let's bring in our real estate voice of reason bianchi real

estate. folks are really getting almost anything they're asking for right now. >> it's kind of nuts they're asking anything from $1000.823500 for two bedroom which is just insane. i own seven air b&b single-family homes in south florida and i'm getting anywhere between 50,000 rose to about $85,000 gross per year on each home. it's very profitable. we never talk about air b&b on the investment side. charles: the 50,000 of the 75,000 is paying the mortgage. >> that is paying the mortgage and putting money in the pocket. charles: so you're profitable on this? >> of course it does. september in south florida specifically as dead. we are making next to nothing. when you have the monsoon season , you really are getting top, top dollar and that is where you really make that

money. >> in milwaukee when i consider owning property for air b&b because the democratic convention comes around -- would it be a good investment? >> you don't look like it -- like i'm buying it investment. i'm going to take a vacation for this month and i'm going to pay my mortgage for this month, next month and the following month. you do have to remember not every city allows be a air b&b for your primary home. you have to check rules and regulations, but if you can make some money, why not. and pay your mortgage? why not. i want to talk about instagram right there. how agents are selling their properties. the internet itself has a greater and greater role. exactly how does an grammar?

>> you have to remember the group with the largest amount with over 30%. so what do millennial stew? you go outside and never once on their phone and looking at pictures. we are very image driven society could specifically millennial as that they are looking not pictures and sane look at that house. i've sold at least five homes just from instagram. people say wow, i need to see that house. >> that's my only problem. it's like tender. lighting and angles. you want to keep swiping right and then get them to the date. and then they can decide what they want to do afterwards. charles: ultimately such a lesser and lesser need for human realist aged.

>> i completely disagree. i was just talking about this in the green room with technology. no way i will ever be out of a job. at the end of the day there's that part of the sale and you can bring someone into the home but then it my job to sell it and explain whatever its price tag. you can't just say estimate. that doesn't make any sense to me. there's new trends, new things happening. your house may have it. my house may not. they are probably going to be worth more than mine. charles: abc, always be closing. i want to talk about the breaking housing market moments ago. look who we have with us. the president of the national association of home builders.

sort of unchanged from where it was in february. you feel like maybe the industry is starting to rebound here a little bit. >> i think there's caution right now. we always start to get better as the building season approaches. we still have issues with labor supply an issue at the cost of building materials and just as importantly right now worse turning to pick up that some of the banks are getting a little more tight when it comes to acquisition development and construction lunging. train to your report was one of the first that indicated the return of animals spirits. more recently it's come back under 50. what's going on with the consumer, with the potential home buyer? >> housing affordability. six years ago it out of 10 homes on the market with the average

buyer down to 50%. housing affordability is at the lowest it's been in 10 years and it's attributable directly to what i just mentioned. labor, materials. >> what about the starter home? >> at difficult for a builder to be able to comply with the cost of regulation. in some parts of the country regulation as much as 40% of the cost of the action. >> i was going to go in regulation. especially states like california. >> san diego county at 40%. is that a reason why were not as mobley nation as we used to be? 50% mobility from the 1990s. affordability. >> i think that is certainly one of the components to it. you have your home and car finance. he can afford to move out. charles: jerry stay right there. senator elizabeth warren.

>> it's not going to be cheap. the housing plan is just not enough housing both on the purchasing side and also the ranting side because of the lack of both areas prices are going not. her idea is to tax the wealthy. but the ultra- wealthy pay for massive investment to buy their first term. they do this at the estate taxes. people may pay taxes on 22 million arrive. i bring that special down to 7 million. it was at that when george w. bush left office and then raise taxes above the threshold from thereon. she says basically by asking 14,000 wealthy families a year to pay just a bit more, we can

reduce rents by 10% for millions of families and also create 1.5 million new jobs. 13,000 wealthy families to pay. charles: i don't know about you but it reminds me of the old voodoo economics. >> i agree with senator warren. we need to build more houses but the way to do it is reduce regulations and forget the private sector to do what we do best. the cost of this bill is so incredibly high. i just can't beat getting through. i've got to tell you, representing small businesses. i have a fundamental problem with the estate tax anyway. most of our members are family-owned businesses. charles: a lot of times it the first time someone in a generation never made enough money and you punish them by taking it away. you save millennial star ready to go. you need to talk -- elizabeth warren, how much government involvement should there be. >> i was reading a statistic

that families are spending over 30% of their income on rent. that is an insane statistic. what about savings? what about spending on other things? charles: people want to live in manhattan you got to spend a lot of money on rent. >> right. i don't know if there's any plan that's going to make sense. you have to find the money from someone from somewhere to make this all work. but it is just not to me that were supposed to be the land of opportunity and people can even afford to be able to live here. it is just crazy to me. charles: steve, your thoughts on this. >> the key thing is regulation. rent control make these things unnecessarily expensive. to find all sorts of housing and no reason why we can't do it in housing. senator warren confuses assets with cash. he put a tax on an asset it goes down in value.

she hasn't learned that yet. charles: the millennial thought ownership improves. it might be coming around. cement the db on key, you guys are fantastic good thank you both. senator kirsten gillibrand make things official. she announced on twitter. but listen to this. and robert francis beto o'rourke the $6 million in 24 hours after announced he was running for president. that's more than bernie sanders missing. here he's got no policies. he's not running on anything. why be so popular? i just answered my own question. ♪

and herd the cattle back in. let's get at it. (whistle) (dog barking) (♪)

charles: folks, the big board flipping more than 42 points. although nike is doing its part trying to help out the stock is higher as we had to march madness odds of getting an upgrade today. plus a big weight on the overall market whether it's the blue chips are nasdaq good facebook getting another downgrade. remember, two major executives left the company last week. a lot of questions on what they

want to be when they grow up. i think zuckerberg is confusing people right now. >> i think he is. a very telling thing. facebook is under so much pressure. under criticism that doesn't speak well. charles: apple got an upgrade and some folks like microsoft including stuart varney. "varney & company" will be right back. if ywhen you brush or floss, you don't have to choose between healthy gums and strong teeth. complete protection from parodontax

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charles: a couple headlines for you. bill heading to illinois state congress that will allow food stamps to be used at fast food restaurants. it was reportedly aimed at people who cannot make meals themselves such as the elderly and homeless population. thinking of rolling out universal basic income programs for its president. the democratic mayor says the state of the city he wants to launch a task force to assess whether or not it's economically sound. no specific amount has been disclosed just yet. speaking of socialist policies. congresswoman alexandria ocasio-cortez's approval rating at 31%. let's bring in our resident millennial, also hosted the pot cost, ally. as more and more americans get to know aoc it seems like more and more americans are starting to reject terror.

>> yeah, my dad used to have the same going up the further you climb up the latter the more your rear rent your rear rent is exposed and that's exactly what happened to her had a lot of people. the more people realize she might be a force to be reckoned with on social media as she doesn't know policy wise. not only that the arrogance she has splayed saying things like i'm in charge until someone comes up with other legislation the great ideal has turned a lot of people off who might otherwise agree with her ideologically. charles: she's been something of a bowl in a china shop in her own party during her weight around which has been enormous so far. you think there's some resentment even amongst democrats. >> i think so. a lot of democrats, whether we hear them or not are not on board of socialist policies. you have someone pretty far left like elizabeth warren coming out in pain capitalism has been

pretty good. maybe we shouldn't be latching on to full on socialism. i think that's part of it. you're absolutely right nancy pelosi has lost control of her party because she knows democrats need the millennial boat to survive and millennial family are behind politicians like ocasio-cortez. charles: i've got one more for you. beto o'rourke raised export $1 million in 24 hours after he announced his running for president. that's more than bernie sanders missing. no one can say what is running on. he doesn't have any set of principles or policies. why do you think people are into them so much? >> i think he's likable, dynamic, charismatic. we will see if that charisma and dynamism carries him through the debate. i think he is someone we should take seriously being such a likable candidate for the state of texas, a state that democrats want and need.

but i'm just not sure if he can hold his own against veteran politicians that have been doing it for a long time and know exactly how they want to leave the country. he's got a lot of enthusiasm, not a lot of specificity. charles: does it speak to or greater political. though we are right now that that is enough to leap in front of the crowd? the media has gone on to him he's got significantly more media coverage that elizabeth warren, than any of these others. is that enough these days? >> totally. we are so easily excitable that all we care about is the social media profile and someone eating relatable. especially millennial to be the biggest bloc in the country. instead of saying i like what he stands for. i like where it's going to take the country, they say he seems just like me. when it comes to millennial set not necessarily a good thing.

that might be why they're voting. thank you very much. zubov, the largest dance fitness company in the world in 180 countries. 15 million people using it. 20,000 locations worldwide. they claim it's not all about exercise. the bringing happiness in your life. the ceo is not a nun as our colleague brian mayor. check out those moves. pretty soon you'll be running for president. he's got the charisma and the moves. ♪

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♪ now you know we always like to bring in something a little different. i'm all pumped up right now. i'm sure you've heard of zumba. the world's largest fit as circuit sound heard around

dancing and we've got the ceo from the company and the program right now. alberto perlman. >> thank you for having me here. very honored. you mentioned before that we are in 20,000 locations. were actually in 200,000 around the world, which is more than mcdonald's, starbucks and dunkin' donuts combined. charles: what did we just witnessed her in the studio? >> a one-hour class and you basically dance and very easy. easy to follow and you have salsa, african music, hip-hop, ballet dancing and it's really fun. we help make work out fine. charles: how many people learn the moves? looks like you have to have a little bit of rhythm to do this. >> it's super easy. we actually got them telling a

way broadband more than any program in the world. they can teach clod hoppers like me then anyone can do it. that is why the biggest software for fitness club ranked as number three in the mind-body index report in terms of booking classes. after 20 years we are still in the top three because of the elysée and people are doing it. >> with all this dancing some unlike soul cycled >> all the cycling programs combined are smaller. because of our reach. 50 million people do it every single week. 200,000 locations you are traveling in cyprus and you see assume the class.

the accounts in mexico that don't even have a restaurant but they have zumba class. charles: one of the things we're seeing is telecom is going to go public soon. the ability to do these things at home but with a live instructor. is that coming for zumba? >> elect the community. people don't see other people and we like to support our errors and what we've seen with home programs is people don't really stick to them as long as they stick to the linux. >> about them is the mental come into the studio. thank you very much. looks like a lot of fun. folks, there is going to be more "varney" max. ♪

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dimon. says that the firm will be funneling $350 million to training workers for future careers. he is betting on the worker who might not have a degree. the blue-collar job situation. dow jones industrial average has been in a tight trading range all day long, all morning long so far. right now off 32 points. right at this very moment president trump receiving a briefing on the country's economic progress. it is expected to be posted online any moment as well. steve, ash, any thoughts on that? >> i think they will say slow in the first half. to prepare are public for a slow first quarter. ashley: if will be a huge beautiful report. that much we know. charles: i think the report is focused on wages. i think that is the untold story in this economy how wages are making it to the heartland of america. underserved, are now being heard

and making money, steve. >> the federal reserve should get another warning. prosperity is not bad. prosperity does not cause inflation. charles: looks like jay powell found that out. i think he got religion. neil cavuto. take it away. neil: it would be funny out if he comes out with a report saying everything looks horrible, i don't know what i was thinking. we'll follow that closely. the president meeting with top economic advisors at the white house. what he has to say curious developments today with the market generally not doing a whole heck of a lot. s&p and nasdaq raising back to levels we're at five months ago, the fact of the matter oil is in and out of highs for the year, yet the two and five-year notes and 10-year notes by extension are the lowest levels we've seen through this year. so you've got all these crazy anomalies going on. a bond market seems to be reading slow down. stock market is okay with prospect no hikes by the