great show today. dagen: you have to get back to the beach, maria bartiromo. we need more moon, sunset beach, doggy pictures. maria: yes, we do. everybody does. have a great day, guys. thanks so much. "varney & company" starts now. stu stu, we missed you today. over to you. stuart: good morning, maria. good morning, murphy. good morning, dagen and good morning, everyone. president trump goes to iowa today. he's going to a tank factory but while there, he's expected to take a big swipe at general motors. gm is closing its plant in lordstown, ohio. the president doesn't like that. he's talked to ceo mary barra about keeping the plant open. she's closing it. expect him to follow up today. forcefully. joe biden has told a small group of supporters that yes, he's running. the "wall street journal" says he's talking to donors. he wants big money to roll in just as he declares his

candidacy. bernie and beto quickly raised $5 million or $6 million each when they entered the raisce. biden wants a lot more than that. looks like he's in. fed ex issues a warning. they don't expect much growth in their global business and looking back, they say the holiday season was weak. looks like they didn't do well against amazon in the holiday delivery business. the stock is down 6%. that's a drop and a half. it is a flat market overall, slight uptick maybe at the opening bell. slight downtick now. that may change this afternoon when fed chair powell reports. big question, will the fed take money out of the economy or put money in? this is all about the so-called balance sheet. more important than interest rate movements these days. and just wait until you see what the lawyers are doing with weed killer. "varney & company" is about to begin.

stuart: here we go. another jury finds roundup, the weed killer, caused cancer. the stock will be down big today. all rise, judge andrew napolitano is here, host of "the liberty file" on fox nation. well done, judge. show of your own at last. >> thank you. after all these years. i'm sure you're not happy with this jury. stuart: i don't see how you can have a statistical relationship but not a proven cause and effect, and you ferry up a plaintiff who is going to be very sympathetic to a san francisco jury and you win big bucks, you murder the company. >> that's why there's a second trial, because even though this verdict is against them, it is not a numerical verdict against them. just that they are in the range of companies that produce products that cause cancer and

among these products, the plaintiff says he used them. the plaintiff still has a second trial at which he has to prove it caused his cancer. why the bifurcation of the two trials? bayer requested it. i would have denied it if it came before me. this is a waste of time to try things twice. but this is now the second phase. he still has to make proofs. stuart: there are many, many, many more of these lawsuits against bayer still to come. >> you cannot exaggerate that. you could add many manys. i don't know where this ends up. i don't know what it does to their bottom line. i don't know what the -- the extent to which they are insured for and i don't know how much they have set aside for these verdicts, but these verdicts are becoming humongous. look at what's happening to j & j. stuart: yes. i don't like this. i don't like the legal system destroying fine corporations on the basis of some kind of statistical relationship and a plaintiff who appeals directly to the jury and looks very sympathetic. >> that's why you really have to have this second trial, so as

angry as you are, this is only costing bayer at this point legal fees, because they have to try the second part which they requested. had this been tried all at once, you might have a statistical verdict. here's a little good news for you. the last one of these bayer verdicts which was $282 million, the judge reduced it to 78.5. that's still a huge verdict but not a telephone number anymore. stuart: i think it's a disgrace. you lawyers are screwing up the system. i will leave it at that. >> when plaintiffs make these cases on the basis of emotion rather than science, the court should not allow verdicts on the basis of emotion but only on the basis of science. stuart: what do you expect in san francisco, may i ask? what do you expect? >> just like the opponents to the trump administration picked the ninth circuit, these plaintiffs' lawyers know where to go. stuart: they do indeed. >> our home state of new jersey is just -- stuart: i don't want to hear it. president trump heads to ohio

this afternoon. remember, he wants the general motors lordstown plant reopened. the strategic communications director for trump 2020 is with us. the president is going to lay down the law to general motors. he's going to go right after them. should a president be taking on a private company like that? >> i think it's about the workers and the president has been absolutely clear he's going to fight for american workers. while private business decisions are going to be made and the president has the right to say i disagree with that, i want you to think about these workers, it's something he's going to talk about today. he's actually going to another factory, a tank factory in lima, ohio that is actually benefiting from the president's reinvestment in our military, creating jobs, but i would be shocked if he didn't also talk about the workers over in lordstown. stuart: if it were president obama going after a private company, you and i would be up at arms, wouldn't we? >> i think what we would normally see is a president of either party traditionally when

something like this happens, they express their remorse and say look, i created jobs, i created manufacturing jobs, and after so many years of people not saying but what about my job, i think that's one of the reasons why president trump was elected in 2016, because he said i'm going to fight for your job. he's added nearly twice as many manufacturing jobs in ohio in two years as president obama did in eight. but if you are at that lordstown plant, you want to know about your job. i see him fighting for that and i think the workers do, too. stuart: hold on for a second. i want to bring in dennis gartman. same question, dennis. should the president of the united states be singling out a private company and going after them like this? >> why isn't the president of the united states going out and defending telephone operators? why isn't he going out and defending textile mill workers? why isn't he out defending people who used to chip ice off of lakes in the 19th century? defending companies who need to close their factories when those factories have proven to be

ill-needed and extraneous is wrong. i grew up 15 miles from lordstown. many of my high school friends went to work there. but clearly, lordstown needs to be closed and for the president of the united states to step in and try to defend that, i think is inexcusable and just bald-facedly wrong. stuart: fair enough. >> i hope i'm clear. stuart: vague as usual, gartman. vague as usual. tell me about fed ex. not a very rosy forecast. they talked about a rather weak holiday quarter which is a real surprise to me. what is fed ex's performance and their report telling you about the economy? >> it doesn't tell you anything good about the economy, does it? it really is -- fed ex has been one of the leading indicators of how economic activity has been and the fact that fed ex is now telling us that it had a very poor and extraordinarily poor third and fourth quarter is disturbing for the economy generally. i think it's disturbing for the

stock market particularly. it cannot be spun as good news no matter how you try to do it. let's see what they have to say but this is not good news under any circumstance. stuart: overall, has the stock market paused on its nice climb in 2019? >> you know what, what's interesting is if you take a look at the united states stock market, you think the entire world is doing quite well but if you look at the global stock market, the global dow, where i had my own little international index, topped out in january a year ago and have not even come close to taking out those highs. here in the states we are doing okay. let's grant that. i will grant that the president has had something to do with that, tax cuts have clearly had something to do with that. the fed has had clearly something to do with that. but on balance, stocks are down compared to where they were a year ago, except here in the united states. we'll see today. this might be an important day to see what happens with the fed this afternoon which they will do absolutely nothing. stuart: okay. dennis, thanks very much for joining us, as always. see you again real soon. >> thanks, stuart.

stuart: sure thing. back to politics with marc lotter. all but certain that joe biden runs and, by the way, there's a poll, decent poll, reliable poll, it shows millenials prefer biden over younger candidates. that implies to me that you've got a real problem when biden runs. >> i don't see any of the democratic candidates as being -- right now nobody is really pulling away from the pack. there's a few that are out there, but as we have seen in previous years, the leader 600 days or 593 days before an election doesn't even often get the nomination at this point. i think the polls are a little bit meaningless. what we are seeing is that even if it's former vice president biden or other candidates, the so-called moderates are now shifting even further to the left. in fact, biden over the weekend was reminding people he's the most progressive and he has always been a progressive. as they shift to the left, they are abandoning that middle and that's where president trump is going to just come in with his

record of success and his promise for it's choice, do you want socialism, do you want private health care eliminated, do you want to pay people who don't want to work or do you want to keep going with rising paychecks, more jobs, the things the president has been doing. stuart: marc lotter, trump 2020, bring it on. we don't care who it is. just bring it on. at this point, we will let them settle out their primary process. the president will continue talking about his results and then once they have a nominee, it will be game on. stuart: i want you to come back every week on this program all the way through until the election. marc lotter, thank you very much for being with us. >> appreciate it. stuart: check futures again. we are looking at very little change, at least at the opening bell this morning. maybe up or down a couple of points, that's it. the big deal comes this afternoon when we hear from the federal reserve. take a look at google. the europeans hitting google with a $1.7 billion fine. they say google abused its dominance of the search engine to block competitors from

selling text ads. minor drop for the stock. more google news. it's accused of trying to wipe out the history of patrick moore, a greenpeace founder. google bumped him. we will hear more about that. "varney & company" just getting started. fact is, every insurance company hopes you drive safely.

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state of emergency has been declared. ashley: desperate situation. seven million people in 14 states are now under a flood warning. that doesn't mean there's a chance of flooding, it means flooding is happening right now. there's been 200 miles of levees in nebraska, iowa, missouri and kansas, down the missouri river and associated with that has breached those levees and has just flooded out across the land like giant oceans. the question is one official said i had no idea when this water is going to go down because the crest on the missouri is not going to hit until tomorrow in st. joseph. it's the third highest level on record of this river and of course, we had that bomb cyclone come through that dropped a tremendous amount of rain, snow as well to the north, all of that has melted and it has nowhere to go but down the rivers and it's breaching these levees. we have had deaths in nebraska, at least three deaths in nebraska. there are cities, waterloo, iowa pretty much cut off all around. we haven't seen the last of it.

it's going to last all week. stuart: by the way, later on the program today, we will be speaking with the governor of nebras nebraska. how bad is it? ashley: they say in nebraska it could be up to $1 billion in damages. stuart: extraordinary. google under fire for trying to erase a climate change skeptic from greenpeace's history. president trump had tweeted his support for that skeptic, patrick moore. all right, here's the tweet. patrick moore, co-founder of greenpeace, the whole climate crisis is not only fake news, it's fake science. there is no climate crisis. there is weather and climate all around the world and in fact, carbon dioxide is the main building block of life. the president was actually quoting mr. moore there and he ends it with the word wow. joining us, marc murano, founder of climate depot website. i'm not interested in discussing whether climate change is real or man-made or whatever. i'm interested in this because i think it's censorship.

what say you? >> yes. here's the situation. patrick moore went on fox news, made these comments. president trump tweeted it, then within a day, google erases patrick moore's role as co-founder of greenpeace. greenpeace had been lobbying this for many years, saying he wasn't one of our founders, but google took that moment, once president trump elevated it, to, when you look up founders of greenpeace, patrick moore's face disappears. his bio disappears. where previously a few days before president trump's tweet, it existed. this is an ongoing campaign. the problem here is in courtesy of the way-back machine, patrick moore was listed by greenpeace's own website for years. as a co-founder of the group, one of the founding members. stuart: hold on a second. i just want to read what greenpeace, how they responded to the president. here they go. patrick moore was not a co-founder of greenpeace. he does not represent greenpeace. he is a paid lobbyist, not an

independent source. his statements about aoc and the green new deal have nothing to do with our positions. i guess that's why google removed him, because google agrees with greenpeace that he wasn't a co-founder. gets complicated but essentially, these people are the gatekeepers, they tell us what we are allowed to read and they are censoring conservatives and climate change skeptics across the board. i think that's flat out wrong. >> actually, at climate depot, i actually have the analysis, i cite a book about joseph stalin and russia and when they fell out of favor, they would be erased and suddenly didn't exist in oh fifficial soviet history. google is frighteningly following that pattern. the greatest hope we have is the way-back machine because you can see things before they have been doctored. i would worry that the way-back machine website that shows you

snapshots of websites, they are the ones that are going to be under fire because they are the ones that can expose what google is perpetrating. it's not just google. facebook as well. i did a video that had over ten million likes last summer and they used my video to lobby climate activists, george soros' group, to lobby mark zuckerberg not to allow climate deniers to have videos on facebook. mark zuckerberg, a fully committed climate activist, is now under fire for even allowing any argument or dissent. stuart: extraordinary. thanks for joining us. the issue of censorship will not go away. we won't let it. thank you. appreciate it. let's get back to your money. we will open flat to slightly lower. don't expect much movement until this afternoon. that's when we hear from the federal reserve. that's when the market may move. baseball's mike trout is on the verge of signing a $430 million contract with the los angeles angels. that doesn't make him the highest paid athlete.

oh, no. wait until you hear how much some other superstars are making. serious big bucks.

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years. however, ashley, he's by no means the highest paid athlete. ashley: he's certainly not hurting when it comes to money. check out some of these numbers from athletes around the world. how about in the world of soccer. lionel messi, barcelona, $120 million per year. alvarez, the boxer, he got that streaming deal, $73 million a year. steph curry, the basketball star, $37.5 million. james harden of the rockets, also $42.3 million per year. not bad. and all the endorsements and all this. let's be honest. mike trout is doing very well but when you average it out, there are many more making a lot more money. it's interesting in the survey, baseball players don't get the kind of endorsements outside the game money that the other sports, the nba and soccer. stuart: let's deal with this one

sports-related real fast. new england patriots owner was offered a plea deal in the prosecution case there. tell me more. susan: he's being charged with two counts of soliciting prostitution. the plea deal includes an education course on prostitution, 100 hours of community service, std screening and then he has to pay the cost. but what's really unusual here is that he would have to admit guilt if the case actually went to trial and according to reports in the "new york post" robert kraft is saying absolutely no way am i going to agree to this, but you know, legal experts say they have raised questions on the tactics that were used because it was supposed to investigate human trafficking. so far, no one has been charged with human trafficking. stuart: he says no to the deal? susan: he says no to the deal. however, he's still not free from the nfl possibly fining him, other penalties as well, because they are held to a higher standard, players and owners alike. stuart: thank you, susan. check your money. we've got about four and a half minutes to go to the opening

bell. we will be down flat to slightly lower. that's how i would characterize the market today. back in a moment. how do you gauge the greatness of an suv? is it to carry cargo... or to carry on a legacy? its show of strength... or its sign of intelligence? in crossing harsh terrain... or breaking new ground? this is the mercedes-benz suv family. greatness comes in many forms. lease the glc 300 for just $479 a month at the mercedes-benz spring event. going on now. mercedes-benz. the best or nothing.

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stuart: now, the opening bell is rings and look who's ringing it. you can just make her out there.

that is lauren simonetti. she is ringing the bell at the new york exchange today in support of the building homes for heroes series on fox nation. the show highlights an organization that builds and remodels nearly 200 homes for veterans. there she is. good stuff. the market is now open. we are off and running. there we go. where are we now? we have opened up with a 17 point loss. we are expecting this flat to slightly lower. everybody waiting for the fed this afternoon. that's the dow. show me the s&p, please. where is that in the early going? it's down a tiny, tiny fraction. i think it's the same story with the nasdaq in the very, very early going. the opening direction is -- okay, we will get there. i promise you. i'm waiting. joining us, shah gilani, jack howe, ashley webster, susan

li. not such a rosy forecast from fed ex. what does that tell you about the economy? >> it doesn't tell you much about the u.s. economy. it tells you more about international trade and global trade in terms of their package delivery business. they bought express tnt and that part of the company is not doing so well. i don't think it speaks to the domestic economy. we know the domestic economy is doing well. i actually like this company. i think it's got a bit lower to go. it has been having 36% slide from its highs. at around 150 i'm a buyer all day. stuart: it didn't do very well in the holiday quarter. >> yeah. it's a great company with a great chief but this is two quarters now of very disappointing results. i don't like the negative momentum. that tnt deal i agree is causing problems. ashley: where is the business going? if it's losing, is someone picking it up? is it more people ordering online and going to the store themselves to pick it up? where is it going? >> it has to go to a six-day week to compete with amazon.

susan: they said it's not amazon. i know amazon is moving towards their own planes and delivery systems and logistical infrastructure. amazon only represents 1.7% of their total revenue. it's not the amazon effect. it's package delivery pricing down 2% in the quarter. stuart: amazon is up this morning just 11 bucks. that's two-thirds of 1%, $1773 is your price. the fed will release their decision on interest rates this afternoon. they are also going to say or hint, at least, how much money they are putting into the economy or taking out of the economy. complicated stuff. no surprises expected, correct? >> surprises by definition are never expected. i definitely don't -- look, everyone already anticipates that there are not going to be heightening and the next move is likely to be down. i think that's already priced into the market. you wouldn't want to see something more sour than that come out for the fed. i think you will get little news. susan: i don't think the market is pricing in an interest rate

cut. >> not today. susan: there is a one in five chance that's what the futures are pricing in at this point. >> the market expects nothing to happen today. susan: nothing to happen. >> they don't see this continuation -- in fact, a lot of people think we might be closer to neutral rate than we thought. kind of means the economy's a little weaker than we thought. i don't expect any big moves today. stuart: may i just add, watch out for what they say on putting money into the economy or taking money out. this is a balance sheet argument. you will hear a lot about that, probably. we've got another jury finding bayer's roundup, the weed killer, caused cancer. shah, that could get very expensive for bayer. look, it's opened 11% down. >> i think it's going to get very expensive. the stock is almost 50% off of its highs from last year. the way i calculate it, their exposure could be between $4 billion and $10 billion, possibly more, based on the previous case that was won last year. that case, i think $270 million

win for the plaintiffs, was reduced down to $78 million. there are 11,200 pending cases here. this is a huge problem for the company. stuart: it sure is. when your stock goes down 11% on a wednesday morning, you've got a problem. check the big board. we said at the opening it was down to slightly lower, flat to slightly lower. i will change that. it's now lower to the tune of 83 points. that's about one-third of 1%. we are down a bit more than we were expecting. how about general mills. cheerios and all the other cereals. good news from them. their profits were up, is that it? i didn't quite catch that. rosy forecast, that's what it was. their guidance was rosy in the future. the stock is up 3.5%. microsoft, i think we need trumpets for this. >> there it is. stuart: we have been in record territory at $117. we backed off a bit this morning, $116.78. i'll take it. >> can i have one very quick

item on microsoft? there's a deal out there, $10 billion from the government, from the department of defense, that's up for grabs right now. everybody thought this would be a slam-dunk for amazon, it's a cloud deal. suddenly it's a 50/50 chance between microsoft and amazon. that's how quickly they have come on strong in the cloud. stuart: so glad you added that. same story with nike, by the way. record territory. they're at $87 a share. okay. look at disney, closing their $71 billion deal for fox movie and entertainment assets. that's now closed. this is all about streaming content. disney is at $110. european regulators slapping google with a $1.7 billion fine over ad blocking. is this a european money grab from american companies? >> yeah, they stick their hands in the pocket of u.s. big tech every once in awhile. this is the last of three big suits but really not the last. there will be more to come. stuart: is it a toll? >> it's $9.39 billion they paid

to the european commission in terms of fines. it's a toll. that's all it is. >> budget line item. >> it probably is. stuart: $9 billion is peanuts to google. >> it's not the last of it, either. susan: and no behavioral changes expected. they ended their anticompetitive behavior three years ago but they still fined them anyway. >> give them credit for ending that behavior. still slapped that fine on them. stuart: europe needs money. can we get that clear? >> is there something we can tax like that, like skinny pants? stuart: bmw, that stock is way down today, because bmw expects a big drop in the profits this year. attention, instagram users. now it is easier to buy things that you come across in your feed. susan, is this a change in online retailing? >> i think it's a game changer. we have been waiting for this for a long time. we have instagram, part of, of

course, you know, facebook, and they have a billion monthly active users. so 20 brands right now, so the high end ones, prada, kors, pretty much what shah wears each and every day, will be the first to start offering these buy buttons on photos that you see on instagram. instagram is kind of like a magazine, like "vogue" where you click and say i like that outfit and it brings you straight to a link. ashley: are you surprised it took them this long to do it? susan: very surprised. stuart: seems like a good move. >>copying wechat in china. it took zuckerberg to figure out it's working for them, why not do it here. susan: i think it's because the founders had to leave before mark zuckerberg said this is an enterprise, let's start making money on this. >> there will be pushback about giving credit card numbers over to facebook. people will do it anyhow. i agree with both our fashion influencers. stuart: facebook at $161.

>> i think it's got lower to go. i like the stock maybe 10% lower. stuart: at $150 you would buy? >> yes. yes. stuart: okay. leave it at that. some cable users who have cut the cord not happy with all the subscriptions they now need. ashley: there were 200 services by last account, now there are 300. they have got a couple of programs they like on this particular service, all of a sudden they go to another service and they are constantly having to reup subscriptions, get other subscriptions. let's not forget the dreaded passwords. stuart: you need a separate password for each of them. ashley: of course. stuart: you're kidding me. susan: in the cloud, though. stuart: if i've got all these streaming services, i pay the big bucks, i've got it all, suppose i do that, do i have to, when i click to watch something, do i have to enter the password? ashley: the first time around, yes. stuart: only the first time?

ashley: yes. after that you already registered on the device you're watching. susan: why is this a surprise? stuart: then they come back and say you want to change this, what's the password? i'm going to move on. you're making too much fun of me. bitcoin, longest slump in its ten-year history. would you touch it with a ten-foot pole? >> never. i never understood bitcoin. theoretically i understand the blockchain, i think it's fabulous. but for one reason alone, the federal reserve which is in charge of united states currency, prints united states currency, owns united states currency, would never allow another competing currency. so the idea that bitcoin would ever take flight just doesn't make any sense to me. stuart: interesting. they would never allow it, would they? >> no. stuart: why should they? >> they shouldn't. stuart: that's the end of that one. president trump goes to ohio today, this afternoon, actually. he wants general motors to reopen its lordstown plant and he's going to make that fact very public and very forcefully. he's going to make that argument today.

so do you think the president should be jawboning a private enterprise company? >> look, if he's doing it in the interest of creating jobs, i'm all for it. he's certainly well within his right. i see this as one of the best managed companies in america right now. stuart: general motors? >> general motors has never been more financially healthy and mary barra over there has saved a lot of u.s. jobs by getting gm in the shape it's in. >> i'm with jack. the plant closing was the cruze model. that's before she got in. hopefully she will be able to do something, maybe repurpose this plant. the president is wasting his political capital going after general motors. stuart: okay. i will bear that in mind. it's that time, 9:40 eastern time. thanks very much indeed, jack, shah. all good stuff. look at the big board. not quite the low of the day but pretty close, down 120 points. 25,700. that's where we are. fbn, fox business network programming note. we will have live coverage of the fed's interest rate decision today at 2:00 p.m. eastern. then jerome powell speaks, the

fed chair, 2:30 eastern. watch it live here on the fox business network. david beckham, soccer guy, he wants to bring professional soccer to fort lauderdale, florida, and he wants to do it to make it happen quickly. the new team could start playing as early as next year. in our 11:00 hour, we talk to beckham's group's lawyer about his big plans. 20,000 jobs added last month, that's all, but a new survey of thousands of business owners shows they plan to add a lot more than that in the next few months. next, we tell you which cities and which states are expected to add the most jobs. heading into retirement you want to follow your passions rather than worry about how to pay for long-term care.

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stuart: 14 minutes in, we are down 115 points. that puts us back on the dow to 25,700. then there's this. many found the february jobs report disappointing. remember, only 20,000 jobs created. however, we've got a rosy forecast on the job market from the manpower group survey. becky frankowitz joins us now. okay. i think you've got a list of the cities which are going to add the most jobs. tell us, please. >> yes. so first, we surveyed 12,000 american employers and asked a simple question, what's your outlook on hiring for the next quarter, and consistent with what we are seeing in the marketplace, the outlook is very positive across all 50 states and all 100 of the largest metro areas. so notably, greensboro, north carolina tops the list this year with over a quarter of employers surveyed intending to add jobs. stuart: okay. i saw that list. put it back on the screen, the list of those cities.

what is albany doing on that list? that is upstate new york, it is the state capital, i got that, but why -- what's with albany? >> yeah. we're seeing high tech i.t. and health care come into albany. in fact, we are seeing trends across all the cities around transportation logistics and health care and technology really driving growth. location's also important. i mentioned greensboro, there's a nice transportation system there. we are seeing distribution logistics companies gravitate to cities that have nice transportation. stuart: okay. now show me the list of states which are poised for job growth. put it up, please. >> yes. indiana tops the list which is very exciting. the growth is really happening around indianapolis specifically, and again, really concentrated on nice health care growth there in indianapolis. stuart: why is nevada not on that list? i mean, we had someone on the program, the mayor of las vegas was on the show yesterday. they are one of the top three

cities for job growth, las vegas. but the state is not on your list. what happened? >> it's just a population concentration piece. we are seeing nice growth, again, across all 50 states. we are seeing growth happen. the trick is how can you get the technology, the infrastructure and the city and the population in the same place. we have to have people with skills to actually drive growth and that needs to be in several locations to have the state hit the list. stuart: back to the start, you surveyed what is it, 11,500 companies, i think it was? around 12,000? >> close to 12,000. close to 12,000. stuart: the overall result was rosy forecast for job growth in america, even though we've got full employment right now, is that accurate? >> absolutely, stuart. and it's consistent with what we have seen for the last seven years. we have asked this question quarter over quarter. we are not at all surprised we continue to see a positive outlook. we have jobs in america, we need workers. stuart: becky, thanks for

joining us. we appreciate it. good stuff. >> thank you, stuart. appreciate it. stuart: thank you. now, the university of southern california has suspended class registration for students who might be linked to the admissions scandal. susan: one high profile one is under review, lori loughlin's daughter, olivia jade, a youtube influencer. lori loughlin and her designer husband got both their daughters into usc, now of course implicated in this college admissions scandal. usc says they have an admissions rate of 13%. right now they are placing under review the student accounts and that prevents students from registering for classes and also getting their transcript. as you know, part of this deal, this contract you sign when you enroll in university that everything you pledged is absolutely true. so they can expel the students which might happen in this case, lori loughlin's daughter, or revoke -- stuart: this applies to those people, those students whose parents cheated to get them in.

susan: correct. stuart: allegedly cheated. susan: allegedly at this point. going to trial. lori loughlin and her husband allegedly paid half a million dollars to get their children in. stuart: registration suspended on the ground they may not have been telling the truth. susan: of course. stuart: their application wasn't truthful when they got in in the first place. susan: if it's proven you weren't truthful on your application, you got your degree, they may take that back. stuart: we haven't heard the last of this. the consultant had, what, 750 clients? ashley: oh, my goodness. susan: only 50 so far have been indicted. stuart: long way to go on this one. susan, thank you. check the dow 30. where are we? down about 120 points as we speak. you have only got three of the dow 30 in the green. only three of them on the upside. get ready to pay more at the pump. gas buddy, where we get our information from, says prices could rise 30 cents a gallon in the next few weeks. ouch. the guy making that forecast

joins us next. look, i want to know why prices go up so fast and down rather slowly. ashley: we all do. why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade. your control. like bedhead. hmmmm. ♪ rub-a-dub ducky... and then...there's national car rental. at national, i'm in total control. i can just skip the counter and choose any car in the aisle i like. so i can rent fast without getting a hair out of place.

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it will have 12 items. stop looking at me like that. susan: you're glowing. stuart: very exciting. moisturizers, serums, eye cream and more. stock's up 17 bucks. that would be almost 1%. gas prices, oh, dear, $2.55 and, wait for it, gas buddy, the guys -- $2.58, i'm sorry -- they are the guys who provide us with the information about gas prices, they say they are going to be $3 a gallon by the spring of this year. come in, patrick. he's our gas buddy guy. he's been on the show for years. used to wear jeans. now he wears a three-piece suit. why do gas prices go up so quickly and down so slowly? >> well, a lot of it really has to do with the fact that prices seemingly to us go up really quickly but on the wholesale level, usually gas prices are up three to four days before you start seeing stations raise their price. so they are actually behind the curve and that's why they are also slow to go back down, because they have to make up for

essentially losing their shirts when prices go up so quickly. they get caught off-guard. that's why prices generally go down a bit slower. stuart: i will accept that. let's move on. you say $3 a gallon, what, in the next four to eight weeks? it's $2.58 now. you are looking for a gain of about 30, 35 cents a gallon in the next few weeks. that's a steep jump, isn't it? >> that would be. i think the $3 is on the high side of the range but you look at what's going on right now with the price of oil nearly $60 a barrel, that's a level we haven't seen in four plus months. the situation in venezuela, of course, opec continues to talk about how it's curbing production. u.s. production is up a little bit, but you look at demand, the economy's fairly robust. americans are going to be hitting the road this summer, gas prices remain relatively affordable, so we certainly see the possibility of getting up to or three dollars. i don't think we will get over

there. stuart: supposing the price of oil did not hit 60 bucks a barrel but retreated to $54, $55, $56. would we retreat the gas price? >> eventually, yes. but for now, really what you are seeing at the pump is less the price of oil going up to $60 but it's more the seasonal things that we always make jokes about, switching to summer blend gasoline and a lot of americans don't know this, but yes, the epa does require cleaner gasoline in the summer months and that's where a lot of pain at the pump is coming from, is making that transition at the same time of year that refineries are preparing for the summer driving season by doing maintenance. over the weekend we saw some refinery kinks have developed. that can happen and can influence what we pay at the pump. stuart: the price of oil going to nearly $60 a barrel and refinery problems as you switch over for different grades and style of gas for the summer driving season. all right, patrick. i trust that business is good. you are looking fine since you started appearing on this program a couple years ago. i think you are doing well, aren't you?

>> not looking quite as good as you are, stuart, but i'm getting there. stuart: flattery is the mother's milk of television. you have learned your lesson well, young man. patrick, you're all right. thanks for joining us, sir. >> thank you, stuart. stuart: some democrats embracing constitutional change. for example, calling for the electoral college to be abolished. they want big changes to the supreme court as well. sounds like sour grapes from the losers to me. my take on that is next.

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stuart: when you lose change the rules. so next time you might win. that seems to be the democrats strategy. hillary clinton lost the electoral college vote so now there are loud calls to abolish or drastically reform the electoral college. democrats lost the supreme court battle over justice kavanaugh. so now they want to change the rules there too. both are bad ideas. changing the rules because you lost looks like sour grapes. i think democrats have a bad case of sour grapes. they're not still over donald trump. they will never be over donald trump. it is not a good idea to change the rules of a constitutional republic which kept us free for a very long time. the supreme court there is a proposal to expand the number of justices from nine to 15, or term limits, or rotating justices, anything to upset the way things are. not going to happen.

the president says he will not entertain any of this. no change for the next six years. that is what he says. with the electoral college, presidential hopeful elizabeth warren want as flat-out abolition. terrible idea. low population rural states will be completely left out. big cities would gain power. heaven forbid they run the whole country. well it is not going to happen. changing the constitution to get rid of electoral college is exceptionally difficult. my grandchildren will not see it. there is something called the national popular vote interstate compact. that is attempt to get around the electoral college state by state. 12 states signed on but very long way from having serious impact. bottom line, the democrats in their rage at trump have miscalculated. america is not ready to throw out the structure that has kept our constitutional republic safe, secure, and free for 230 years.

you know, sour grapes is no basis for constitutional change. the second hour of "varney & company" is about to begin. ♪ stuart: take a look at the white house, left-hand side of your screen. president trump will be heading to ohio today. leaves the white house a little later on this morning. he will visit an army tank plant and we're expecting him to be harshly critical of general motors which is closing a plant in lordstown ohio. president trump is not happy about that. he surely will address it today. general motors stock by the way, down a buck. the big board, we're down 100 points, fairly slow trading in advance of the federal reserve and their report this afternoon. 25,700 is where we are. now this, truly devastating

floods hit the state of nebraska. 74 cities, 65 counties in that state have declared emergencies. joining us now is the governor of nebraska, pete ricketts. governor, thank you for being with us on the show. i know that you toured the damage. describe to us what you saw please, how bad is it? >> well this is the worst and most widespread flooding damage we have had in our state's history. as you mentioned 65 counties out of 93 which means that over 2/3s of our counties declared an emergency and what we're seeing is just widespread destruction to be public infrastructure, homes, businesses this is the biggest disaster as far as damage we ever faced in our state. stuart: sir, would you listen a moment to agriculture secretary sonny perdue. he was on our show yesterday, listen to what he had to say about agriculture in your state. roll tape. >> this they think may be a million calves lot in nebraska.

that is catastrophic. we'll do everything we can to help those people get back on their feet. stuart: i repeat that, governor, a million calves gone in nebraska. what do you want from the federal government? >> right now we filed our paperwork for the federal disaster declaration. so we're encouraging the federal government to be able to process that as quickly as possible so we can begin tapping into those resources, just from an agricultural resource, we think we have at least $400 million in livestock losses, $440 million in crop losses. we think the public infrastructure damage is in the hundreds of millions of dollars as well. we had over 2000 homes, 341 businesses that we know of, this is just the initial assessments. we're waiting for floodwaters to go down to do detailed assessments. we have 200 miles of road, 14 state bridges. that doesn't include county

roads and bridges. we have tremendous damage in our state. we would like to get the federal disaster declaration as quickly as possible that we work on rebuilding. stuart: governor, i have to tell you, i think you're being left out, not of of the money, left out of coverage. i don't think what happened in nebraska has been covered by the coastal elites, i think you're left out. what do you say? >> certainly one the things as i traveled the state, i have citizens talk to me about why is there not more national coverage? we're frankly independent here in nebraska. what we want to do is make sure we're keeping people safe. we're working on taking care of the people that are in need, our shelters, everything like that. and we'll work with the federal government to tap into those resources. certainly want people to know that we have very serious situation here in nebraska. we're using that pioneer spirit getting things done. stuart: you are a good man,

governor. thank you very much for joining us this morning. we won't forget you. that is a fact, sir. thanks for being here. >> thank you very much, stuart, appreciate it. stuart: thank you. the federal reserve meets today, not expected to raise interest rates. come on in marc chandler, frequent guest on the program. let me ask you this. you don't know what the power is going to say. what would you like him to say? >> i think powell would explain to your viewers as well as my friends on wall street the last three financial economic downturns were not caused by the federal reserve raising rates too much. great financial crisis, tech bubble in early 2,000, savings and loan crisis. not that the fed chokes off the economy. is that the financial markets go excessive and federal reserve did not respond in the timely fashion. this idea that the fed kills recovery, the fed needs to defend themselves more strongly than they have. stuart: you don't think there is any impact whatever jay powell

has to say on this very nice 2019 stock market rally? >> i think remarkable thing, the fed reversed course because of a big crash in the stock market in december q4. now is come back. one thing that hasn't come back, bond yields. ten year bond yield. stock market is back. financial conditions are recovering. we have a slow first quarter. get a strong second quarter. stuart: don't mess it up? >> don't mess it up. stuart: want to ask you about this. take a look at this headline, "wall street journal," it reads, high level u.s.-china trade talks to resume in final push for a deal. by the way, looks like our top guys, treasury secretary steve mnuchin and lighthizer, they will be headed over there. their top guy, vice premier comes over here and they will line up a deal and write it down before a summit. what would you like to be in that deal? >> yeah, so i think it is really speaking to the previous guest, the governor of nebraska.

a lot of trade talks seemed to be focused on agriculture but i think what we want is china to buy more our manufactured goods as well as our agriculture. here is the other challenge here. if we just to after our own share of china's gdp, their share of market for soybeans automobiles, whatever we have, we might exclude our other trading partners. if we exclude the other trading partners they will face a situation good for us, penetration to china, come to expense of europe, japan, emerging markets we have to suffer with those weaknesses. we want china to reduce barriers to everybody. free trade for china. that means no special privilege for the u.s. because our companies can compete on level playing field. we just don't want to make the playing field for us. stuart: fair enough. want to talk to you about fedex. they came in with a pretty grim forecast for the year, state of the global economy, not great. they didn't have a very good quarter at end of holiday period last year. is that an economic indicator to

you or just limited to fed he can's performance? >> to me what i get from the fedex numbers, two things. one what powell will say likely what he said before. that is the biggest risk to the u.s. economy isn't our domestic problems, it is a global slowdown. i think that is what fedex picked up is a global slowdown. secondly i point out earnings go to january, february. bad weather government shutdown. the other thing i think fedex earnings speak to what happens with corporations they buy other companies. it takes them a while to digest them and incorporate them this is part of fedex's problem. they bought a european based transporter. they're having troubles digesting them you are a frequent guest on the program and you consistently said as i recall we're going up, gradually going up. you still with that? >> i think we'll go to new highs on the s&p 500. stuart: that would take us above 2800? >> i think 2900. a little above 2900. we're holding above 2800.

i turned cautious a few weeks ago. that pull back seemed shallow. i think there is nothing stopping us now. stuart: 2900 on the s&p. at 2800 now. watch out, marc, you're on the tape. i always call you marc baneberg. >> like tim apple. stuart: there you go. they will launch their long-awaiting streaming service. amazon, netflix, they have been at this for a decade, is apple late to the streaming game? we will ask. david beckham making a push to bring professional soccer in to south florida. he want as build a new complex in fort lauderdale. his lawyer will tell us about the plan in the next hour. joe biden is telling supporters he is running. he wants to line up big money donors before he makes it

official. here is the question, can biden survive crowded, left-wing democratic primary? we're on it. "varney & company," hour two, we're just getting rolling. ♪

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stuart: we're still down about 100 points on the dow industrials.

25,700 is where we are. might get a big market move this afternoon after we hear from fed chair jay powell. apple announced a new model of their airpod headphones. bigger battery. i guess means longer lasting. can get them with wireless charging case for 199 bucks. susan li lining up for them already. apple down a fraction but at 186. let's get to the 2020 election. really looks like joe biden is getting ready to throw his hat into the ring. "the wall street journal" says he is lining up donors before he makes an official announcement but looks like it is coming. bedford with us, "daily caller" editor-in-chief. looks like he is running. i don't think he survives the primaries with all the leftists crowding him out. what do you say? >> he is pushing towards running but his big worry he will not raise money as much as beto or bernie sanders. that would be embarrassing for

somebody with his experience. he has broader appeal in the united states. he has white working class, white middle class credentials. he is largely leftist unthe obama administration. for some reason he maintain as centrist type of thing. this is primary dominated with questions on sex, questions on race, and can a white male in his late 70s win this primary? it could be a long shot, especially without big brother president barack obama on the trail with him. stuart: i would like to hear what he says about health care for all? what is it, "medicare for all," free college, $15 an hour, minimum wage. everybody gets a job, green new deal. i would love to hear what he says about that. hold on a second, chris. we have got this poll, university of chicago. 21% of millenials back biden. he gets 21% over other candidates like bernie sanders who gets 18%. that is a pretty good lead amongst millenials, isn't it? >> millenials miss their god,

president barack obama. this was someone they really looked up to. he was the president fulfilled all their dreams, stopped the oceans from rising. if they can't have president barack obama back they will probably take his prince, joe biden. don't underestimate how ignorant , millenials are about other politicians. you ask them who do you support, anyone but trump, name they automatically recognize they will back it first. stuart: in my judgment he doesn't get through the primaries and in my judgment if he does, he loses to president trump. what's yours? >> i think he could be a formidable threat to president trump, because president trump took so many white working class, middle class voters from the democratic base that biden could potentially win back. he never really run a national race on his own. he flubbed out in previous attempts. he had a lot of experience since then. without president obama there to shadow him, protect him, he

could burn out very quickly. we could look at another jeb bush kind of moment. stuart: could, could, are you with me or not, he loses to president trump if set nominee? >> i don't think he gets through the primary based on the way the politics are right now and i don't think he would beat president trump but of all the candidates i have seen he would give it the best shot. stuart: i agree with that. good stuff. mr. bedford, thanks for joining us. >> thank you. stuart: switching gears completely now, prosecutors in florida offered robert kraft a deal. the "new york post" says he refused the deal. let's backtrack. what was the deal and why did he refuse it did the post right? ashley: basically they said you admit if this thing went to trial he would be proven guilty. instead of court he would take a education course, prostitution, completion of 100 hours of community service, screening of stds, paying a number of court costs. he doesn't want to do that, because he doesn't want to admit

the guilt because it goes on permanent record. he is no, i'm not going to do it. the nfl a whole different kettle of fish because the nfl burden of proof is lot lower, you don't need proof beyond a reasonable doubt beyond a reasonable doubt. they have taking actions against players who were not prosecuted. he has different issues to face. stuart: a different kettle of fish we would have said many years ago. serious stuff, venezuela venz, national security advisor john bolton told us on this program all options are on the table when it comes to removing maduro from power. you will hear it again after this. ♪

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stuart: pretty consistent throughout the day so far. down about 100 points. there we are right now. venezuela, national security advisor john bolton said, all options are on the table. roll that tape again, please. >> well there are a lot of things going on that obviously i'm not going to talk about in public and the president, the president has been very clear and maduro needs to hear it again, all options are on the table. stuart: okay, now joining us is otto riesch, former ambassador to venezuela. senior advisor for foundation for human rights in cuba. mr. ambassador, mr. bolton suggested there was stuff going on in venezuela that he couldn't tell us about. can you tell us anything about what we might be doing inside of venezuela? >> i would hope we're trying to accelerate democratic change in venezuela after 20 years of socialist corruption. the people of venezuela are literally eating out of garbage

cans. stuart: how are we doing that? if we're doing stuff inside, what are we trying to do? getting generals to leave or offering maduro a safe haven someplace where he doesn't get attacked, get him out, is that the kind of stuff we're doing? >> one of the reasons john bolton says correctly we can't take anything off the table because venezuela is military-occupied country. the secretary-general of the organization of american states says that venezuela is under the occupation of the cuban army. if it is already under occupation, how do you return democracy to a country where the leader is, holds power by force? that's one of the reasons we cannot take it off the table. however we are supporting a leader, juan guaido, who has been elected, elected by the assembly, according to the constitution of venezuela. and that's what we're trying to

do, i believe our government is, trying to find a peaceful resolution to 20 years of destruction of that country. stuart: how did this happen? how did this happen that cubans now essentially control venezuela? i thought the obama administration had set up a new relationship with cuba? you're smiling but how did this happen? >> the obama administration policy toward cuba was delusional frankly to put it mildly. they really thought, i think president obama thought that by virtue of just his personality he could go to cuba and turn, hardcore, marxist, leninists into capitalists. it didn't happen. stuart: what a failure. >> they continued to give the principle orders in venezuela. they run the security apparatus in venezuela. they run some of the torture centers in venezuela where the opposition is being tortured and i believe that our pressure should not only be directed at the maduro government or regime

now because no longer a government but also to the cubans. stuart: mr. ambassador, i know the time was short. we really appreciate you being with us today. that is valuable information. we like it. thank you, sir. we will see you again soon. >> thank you. stuart: coming up, more on my take from the top of the hour. democrats upset over losing the election and the supreme court fight over kavanaugh. now they want to change the rules. in my opinion that is just plain sour grapes. let's see what doug schoen has to say. he is next. the battle for streaming heating up. disney launching their site later this year. apple announcing their service monday. crowded field. who wins? who comes out on top? i want to know. more "varney" after this. ♪

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♪ i get by with a little help from my friends ♪ stuart: get by with a little help from my friends. that is a ring go song. -- ringo. this is one occasion where i prefer a cover, joe cocker version of it. he was good. still alive, isn't he? i'm not sure. not sure. ashley: i don't think so. stuart: no, i'm sorry to say the late joe cocker. check the big board. we're coming back. we were down over 100. now we're down what, 70, coming back nicely. 25,800 is where we are. it is 10:30 eastern time and i believe we're about to get the numbers how much oil we've got in storage. when we get the number, we'll give it to you.

susan: we have it. we have it. basically oil prices are up. eia data shows a surprising drawdown. stuart: used a lot of oil. demand is strong. ashley: supposed to be a drawdown of 1.6 million, that is the estimate. stuart: the price of oil is $59 a barrel and rising because we in america are using a lot of it, drawing down our supplies. figures. ashley: that is huge drawdown. down 9 1/2 million barrels. stuart: oh, that is huge. susan: looking for build, from what i see, 4.3 million. according to -- stuart: we drew down nine million barrels. that is why the price of oil is up. that is a huge usage. ashley: demand is up. stuart: maybe that is an economic indicator. ashley: yeah. stuart: my editorial at top of the hour, democrats want to change the rules, they want to reform the electoral college. they lost because of electoral

college. they want to change the supreme court. the democrats lot the battle for justice kavanaugh. doug schoen is with us. i think it is sour grapes. i don't think you should change the constitution because of sour grapes. what say you? >> i think as you, suggested before, almost certainly 90, 95% right. it is sour grapes. it is not electoral issue. you don't win votes on it. packing the supreme court scares me t was wrong with roosevelt did it in the '30s, tried to do it. it is wrong now. electoral college we can have something a debate about the electoral context. richard nixon, huberts humphrey, in 1969 after the presidential election came out for electoral college reform. donald trump in 2012. something in his tweet he said he is wrong, he changed the position. i think these are dumb electoral issues for the democrats. along with a left-wing agenda, the ringo song, get along with

little help from my friends, speaks to democratic agenda, socialism, redistribution, not pay as you go. stuart: we have joe biden, looks like he is running. >> yeah. stuart: journal story this morning. the guy is in. do you think he can make it through the primaries? >> i'm very doubtful he can. i'm sympathetic to his world view. this is a party has gone left, not center. it has gone for younger people outsiders, people of color and women. he is none of that. i think he understands that the energy of the times and flow of opinion is going against him. stuart: do you think his age, not sure exactly what it is now, late, late 70s. >> yeah. stuart: if he actually does run and gets nominated, is age a factor? >> certainly doesn't help. the other thing he has bluntly, are these tendency towards gaffs. in a presidential race running against somebody like donald trump should he be nominated that is not going to be helpful.

i don't think he is long term, long for this race player unless he can radically come out of the box in a different way. stuart: yeah, i would like to see what his policies are. i don't know at this point. >> nor do i. stuart: "medicare for all," free college, $15 an hour, green new deal. >> unfettered immigration? stuart: open borders? >> right. we've got to see. he is clearly, rhetorically moved towards the progressive wing of the party, saying he is progressive too, but how progressive we don't know. it will be hard for him. i think emerging stars are beto o'rourke, kamala harris and bernie is the old standard from last time. stuart: doug, i have known you for many, many years. >> that's true. stuart: i say for decades. i see you moving further and further toward a position where the democrats are not your party any longer? >> i think they're moving, further away from me but i can tell you what i'm not, stuart. i'm not a socialist. i don't believe in

redistribution. i believe in growth. and i believe in inclusion. i wish the republican party was more inexclusive. i wish they were a little bit more tolerant on social issues. then and perhaps then we would have an -- stuart: had to break into french. doug schoen, thanks for joining us. appreciate it. apple preparing to launch its apple tv streaming service. they have a big event monday. we think the streaming service will be announced then. gene munster with us now. apple, gene, i think is late to the streaming party. do they have the juice to compete with a netflix or a disney? >> stuart, you are correct. apple by definition is late here, call it five years behind where netflix is at but they still have a huge opportunity here. i think they have a couple key assets that netflix doesn't have. one, that will compel them,

maybe them build a business that could be comparable in size to netflix's streaming business the next few years. the assets, first of all, they have trust and high quality aspect around apple's brand and undoubtedly the content we'll see will be at that standard and second the piece about their distribution. this is widely known. 1.4 billion active devices. what that means, if you look at netflix, call it 150 million subs what that means is apple can use those devices to accelerate some of the adoption. they did the exact same thing when they were late to the game in streaming music. quickly caught up to spotify. i think apple will catch up. stuart: they have got content, brand recognition and distribution. that is all big going for apple. okay, fast forward, at the end of the day when all these streaming services are up and running, who is the leader? who will emerge as the front-runner? is it netflix, disney, at&t, who

is it? >> i think it will be a combination. people will drift away from 120 a month cable packages or adopt 10-dollar a month streams services. if you look at the raw number of usage users, probably apple is just as good as an opportunity to be leader as netflix. ultimately one of those two. 150, to 200 million type monthly subs. stuart: wow, that is a lot of money. i know you follow tesla. i read your stuff and with tesla relying on employees to make deliveries, do you think that is a sign they're having logistical bombs. i think you still like them, don't you? >> we do, stuart. in our opinion on tesla has had a slight near term evolution. what that is, we're still optimistic tesla will survive. people who own the stock today will be rewarded over the long term. i do suspect 2019 will be a more

difficult year than what we had, believed previous. we had thought that the september and december quarters were kind of setting the groundwork for the company to be off to the races where, when we hear about this email about them having 30,000 vehicles that need to be delivered at the end of the quarter reminds us something like logistics is still difficult for the company. fixing those problems takes time. there could be some lumpiness in the optics around the numbers. to put a it in a nutshell, we're optimistic about tesla. we think the stock can go down near term as we work out lumpiness in the business. stuart: i heard this before, wait for buying opportunity, wait for buying opportunity. but it is not there yet you say? >> i don't think we're quite there yet. stuart: gene, thank you as always for joining us. see you soon. >> thank you. stuart: the europeans have slapped, it's a pretty big fine and they slapped the fine on google. its an antitrust fine seemly.

how much is it, ash? 1.7 billion? ashley: 1.7 billion. the third fine in the space of two years. this is the third and we say the third and final, but we know there will be more fines along the way. essentially keeping out the competition on those tech ads and using its position of dominance in the search engine field. stuart: they fixed that, haven't they? no more fines. ashley: number of years ago after these fines first came to light. stuart: there will be no more fines for abusing their monopoly on search? ashley: not on this issue. stuart: fines on other stuff? ashley: we'll see. but the eu goes through those with a fine-tooth comb. they will find something i'm sure. susan: volume investigation they say. stuart: they want the money. don't innovate, take money from those who do. university of southern california cracking down on students caught in the college entrance scandal. we'll tell you what the university is not letting those students do.

the rise of socialism worrying some chinese-americans. they fled the evils of communism in their home country. the fears is the new home country is heading in the same direction. we'll explain that one in a moment. ♪ [ telephone rings ] [ client ] - hey maya. hey! you still thinking about opening your own shop? every day. 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.

♪ ashley: climate depot founder mark morano google is a former greenpeace founder because of his comments. >> patrick moore went on fox news. made comments. president trump tweeted it. within a day google erases patrick moore's role as cofounder of greenpeace. greenpeace was lobbying for many years, saying he is not one of our founders. google took that moment, once president trump elevated. founders of greenpeace, patrick's face disappears, his bio disappears, a previously a few days before president trump's tweet it existed. ♪

stuart: all right. it is pretty slow-go day today. we're down 80 points on the dow. the big change may come this afternoon when we hear from the federal reserve about 2:30 eastern time. the rise of socialism in this country has some chinese-americans worried. joining us now, gordon chang. gordon, what's the problem? >> the problem is people escaped socialism in an extreme form in

china by the way is getting even more extreme. they come to the united states. they want america to be america as one recent immigrant said and this sell rao -- is really important. my dade came here in the 1940s. when he got his degree he opened up four table restaurant in a garage in our home. it doesn't work. he had to work for utility to make money. he took early retirement. the first thing he did after that he opened a restaurant. this is the united states. this is the american dream, stuart. stuart: that is what many, many chinese folks do when they come to the united states, open a small business of some sort. they're capitalists. >> right. stuart: however the chinese-american community votes overwhelmingly democrat. isn't that because they want more open policy on immigration and settlement of those here illegally? >> chinese-americans who have been here quite some time are different than chinese immigrants. when you're here for a long time you tend to get stupid. i was born here. stuart: wait a minute.

>> i was born here. i was lucky to be surrounded by immigrants, my dad, my step mom, my wife, you, you, and you, right? stuart: right. >> i'm fortunate in that. but as ronald reagan said, freedom is only one generation away from extinction, when you're hear too long you forget what makes america great. stuart: if the chinese american community is worried about socialism what way do we do about it? >> you see about what they are talking about and the "washington examiner" article is important, because it highlights of examples of people come to the country, escaping from the horrors of china, seeing democrats and others talk about socialism in glowing terms. this is really important for us because it shows us what america is to people. it is the beacon of hope and as much as we don't want to say it, this is really important for people in the world to come here as refuge. stuart: agreed but i would contest the view that most of the chinese folks who come to america come from communist

china. is that accurate? don't a lot come from capitalist taiwan, capitalist hong kong and chinese communities across asia? >> well there are some from hong kong that have come here but most of the people from hong kong go to canada and australia. you know taiwan, people don't really emigrate because they have a free society. they have got what they want. so you don't see very much emigration from taiwan these days. these days what you see in terms of chinese are basically coming from main mainland china, the peoples republic. stuart: will the chinese community in america vote for donald trump in 2020? >> i don't do domestic politics but i would tend to think they would be repelled by the politics of the other party. there are as you point out in the chinese american ties to the democrats, i think nonetheless you will see trump start to pull some chinese-americans away, especially those that lived in the people's republic. stuart: where were you born? >> new jersey. long branch new jersey. stuart: you're a jersey guy?

>> i'm a jersey guy. stuart: i wouldn't have known. i live in new jersey. >> but i'm really new jersey. stuart: america is a great place. thank you, gordon. switching gears and i mean switches gears, university of southern california cracking down on students involved in the admissions scandal. susan, what are they doing? susan: lori loughlin, actress and youtube influencers olivia jade, most high-profile student caught in the admissions cheating scandal. usc are suspending of accounts of students under review. you can't enroll in classes. you can't get transcripts. they're looking at those 50 been indicted, their daughters or the children. whether or not they should be expelled or, their mission revoked from usc. even if you do have a degree, they might take it back, if they found you were cheating on the application. stuart: ouch.

it is not over yet. a long way to go. susan, thank you. peloton, the exercise bike people got hit with a lawsuit. some of the biggest names in the music industry claim peloton is illegally using their songs. what is that all about? we'll tell you after this. ♪ want more from your entertainment experience?

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♪ ♪ are you tired of filling that void, or do you need more, that is so hardcore ♪ stuart: in case you didn't know, that is lady gaga singing shallow, one of a number of big-name artists suing peloton. peloton is illegally using their music so the musicians say. ain't that right, kristina partsinevelos? >> a group of publishers are suing. they're representing artists

like lady gaga, bieber and drake. the way peloton works you buy a bike you see on the screen. gets you hyped up. $2200, all the way to $2700. once you get the stationary bike in your house you have to spend $39 a month just to get the streaming, the streaming fitness videos. those are the videos that are using various songs. in the lawsuit they claim that people buying pelotons not only to stay fit because they get exclusive access to the playlistses. stuart: why do you play music, pedaling away, wouldn't you want music with a certain pace? ashley: beat. stuart: not shallow? >> they could have played "bad romans." they play aerobic-style music a structure is live streaming a

class for you. you're pedaling, looking at woman in the aerobics outfit, i can do it too. it is future. i'm telling you. stuart: do you do this? >> no. too expensive for me. susan: i have done it. it has live d.j. or instructor next to him. it is pretty cool. i don't have to step out of the house to do soulcycleing especially with snow on the ground. stuart: wait a minute, soulcycle is peloton? >> separate company. >> that is public, isn't it? ashley: cycling to lady gaga number, "shallow." tears coming down. stuart: do another poll of our viewers. would you watch the show if i wore spandex doing the show? ashley: incredibly disturbed right now. >> a poll you asked if i was wearing a t-shirt. now would you watch the show if i was wearing spandex? stuart: yes. we've not launched poll yet,

kid. time's up. time's up. look at the big board. we're down 60 points that's all. we were down 100, 110, 120. now we're down 60 waiting for the fed. president trump heading to ohio later today. we're expecting fireworks when he goes after general motors because they closed down the lordstown plant. the president doesn't like that. here is the question, should any president be so sharply critical of the private company? is that what presidents do? my take on that coming up. ♪

..

charlie: watch out for some fireworks from president trump today. he's going to ohio and when he is there he will probably almost certainly go after general motors. gm is closing its plant and laws how much has been a mainstay of northeastern ohio's economy. we built the chevy crews come a small car whose sales have fallen sharply as cheap gas lure buyers away from compact than into suvs. the president treated this in part. i'm not happy it's closed. i asked her, ceo mary there are two solid or do something quickly appeared we will hear

more of the same today, perhaps more forcefully. after all the president is addressing workers had ohio plant that makes tags for the army. but here's the question. should any president single out and criticize a private company? my answer to that is in principle now. the shareholders who decide policy. they own the company. gm should not be run by the president. however in practice i think it's a very different story appeared in this case i have no problem with the president criticizing general motors. after all they were bailed out by us taxpayers and they have not fully repaid their debt. furthermore, gm benefited mightily from the president's tax reform. don't they owe something to the manufacturing sector? couldn't they build something else? present trends policies that revitalize manufacturing and it's going upon that home today in ohio. this president is very different. don't expect them to sit back

quietly when a manufacturer flounced his manufacturing resurgence. the third hour of "varney & company" is about to begin. we are waiting for the president to leave the white house and white house and the two l-lima map, ohio. will be doing assuredly visiting the production plant. defense spending and i'm pretty sure general motors as well. jeff flock is on the ground and lineup, ohio. set the stage for us, please. reporter: well, just listen to your screed. you pretty well set the stage. this is what they used to call and point out this success story that he actually created here.

they restored the money, restore the jobs here. this is something he does control. part of his purview. as to general motors and the rest of it, they didn't repay their debt. they'll never repay their debt because the government told out of the stock of gm and so that pretty much what it is. whether he says anything to gm today at or not i don't know. we will certainly be eagerly listening. this is also a uaw plant. the guys are working here, guys and girls that work in this plant are also members of the uaw. the uaw leadership has said hey, the president, can't you get this plant back reopened? we will see what everybody says. stuart: i tell you i'd love to be there because that is heartland america and the president of the united states of that territory. i would like to be there but i watch on tv instead.

jeff, i envy you. >> u.n. 65% to 30%. stuart: jeff, thank you very much. he is soon. and i'll start producing autonomous cars bear. in 2021. >> uranium, liz macdonald joining us. hello, nice to see you. electric vehicles as well and possibly batteries as well. this is a real shout out to a gm is doing instead. so here's the play. in other words make the cars, the push on electorate. a big push on batteries. why didn't they retool it to make electric cars. ashley: you think it's a coincidence that make this big

announcement today of all days. down 852. all the car companies are down today by the way. they're all under pressure. overcapacity in the car industry. you can see that in the stock price. 850 for ford. checked a big word as we wait for the fed's decision on interest rates. it's widely expected that jay powell, fed chair will keep rates where we are. we'll find out about 2:30 this afternoon. the price of oil at a big drawdown could be as a lot of oil in america. 9 million barrels out of storage. that's push the price up to 5945. as oil goes up, gas goes. your national average is now 258 per gallon. by the way, early on the show, gas buddy, an organization that tracks prices they think gas will be $3 a gallon in some areas by this spring.

sidebar here. where is the most expensive gas in the united states? where is the cheapest. safeco in bishop, texas. one dollar. on my way, boys. i don't get that one. about 20,000 one-time, 3000 change now stay at that level. let's get to politics. the democrats want to change the rules. they want to reform the electoral college after hillary clinton launched and they want to pack the supreme court after they lost on the kavanaugh nomination. liz, you are fired up about this. >> i'm fired up about the electoral college part. it's pretty rich they are

complaining about republicans violating constitutional norms. so now they want to overturn this big one. they basically lost a contest where the rules were known for two centuries and now instead of passing governing policies that let them win or make them win, they want to rig the rules. the founding fathers nervously did it this way to protect minority states. this underpins all civil liberties in this country the electoral college system. either way, you need three quarters of the state to pass a change. what small state would disenfranchise themselves? stuart: lawrence jones, well-known libertarian. what is a libertarian think about abolishing the electoral college? >> this is nonsense. they know it's not going to happen, but this is just something to stir up their base.

let's be honest coming democrats are losing. they failed to connect with the voters. they failed to win back those counties that barack obama won the donald trump flipped. they're afraid of the courts now because the trump administration had a strategy to not only give supreme court justices, but also federal seats. i was a strategy from the very beginning and they overplayed their hand. they could've worked with the president because he's not an ideologue. he's somewhere in the middle. but instead they went off. stuart: what about the supreme court. there are suggestions do you have 15 justices, not nine or use rotating judges are in some way have tenure term limits. what do you make of any of those suggestions to change the supreme court as it is now? >> it's not in the constitution. the voters not only do they have to get a majority of congress to go along with it, actually i

think it's two thirds of the congress. but then you've got to go to the american people to get a constitutional amendment. stuart: if that's a suggestion -- >> there is no way a majority of the country is going to go along with it in the majority of elected officials are going to go. again, this is something that is red meat for their base. they know this is not going to happen but they are so tired of losing and they are losing big time. instead of working with the president, this is their idea. stuart: i like it when you get fired up. >> appreciate it, brother. train to see you soon. listen to this one. joe biden will enter the presidential race and according to one poll that the democrat candidate among millennial spirit that's important. we'll tell you all about. mr. trump heads to a higher real soon. madison is on the trump reelection team.

she's also an ohio resident. she is calling a 2020 ohio trump when. she will make her case. the president leaves around noon. he's waiting to leave because he's watching the show. i'm flattered. flattery is the mother's milk of television. we may hear from him before he boards marine one. stay with us. this is the third hour of "varney." ♪ 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. but ocuvite has vital nutrients... ...to help protect them. ocuvite. eye nutrition for today.

stuart: this is breaking as we speak. the economic outlook from the business roundtable. jamie dimon by the way is the chair of that organization. you've read this thing. give me some headlines. train for capital investment very negative over the next six months about investing in the u.s. not good. also downbeat outlook. stuart: ashley: decrease in the amount of time they're going to do. having said all that these numbers are strong but cautious for the outlook. stuart: the fed's decision will not raise interest if you've got a weakening capital expenditure. liz: and is likely been to global growth slowing as well. stuart: good stuff. as i said at the top of the show of the president goes to my mouth, ohio very shortly. the last tank manufacturing plan by the way.

madison is with us, an advisory board member for the reelection campaign. madison, i say the president will go right after general motors because he doesn't like him closing a plant in moorestown. my question to you, should it be going after a private company? >> listing, this is a president due to the state of ohio as a president to the people. he won in ohio by a great margin, a point while having the sitting governor posing him in 2016. he won from the people love him and when you look at gm in the fight between him and gm right now, people are frustrated. they feel like we american taxpayers will bailed out. then they take jobs away from the exact people that are built in now. it's absolutely ridiculous. people are disappointed the plant is closing. jim is promising they will

relocate that they don't want to be relocated. they want their jobs. the president has made a proposal saying close to monitor foreign your foreign plants and keep the plant open in ohio. stuart: i want to show a poll for morning console. the president's approval rating in ohio is down 19 points since he was elected. have you got in a counter numbers back? that's a big drop. >> that is is not approval. the difference between people who say they approve of him and disapprove of him. his approval rating of 45%. he's been wildly popular all the way through the 2018 midterm spirit of us are across the country we didn't see that in ohio. almost every statewide election and really rode the coattails of the results we see kaman of washington and president trump's initiatives and push forward to protect the american worker, to protect the united states border

security that the state of ohio is affected more than any other state when it comes to the opioid epidemic. year after year when it comes to deaths from drugs here in ohio and the president has missed is one of his main focus is and people appreciate that. stuart: you aren't millennial to let me bring this to you. joe biden is probably running. almost certain that is running. a new poll suggests he is more popular with millennial spin bernie sanders and all the other younger candidates for office. i find that intriguing. but he's playing well with millennial flakier. what are you going to say? >> i don't think this is very surprising and that is because joe biden is more moderate than these candidates receive right now. as far left as they've gone, this is something i don't think we could have predicted 10 years ago. when we see someone finally jumping into the race that's a little bit more reasonable.

but he is a little bit more reasonable. people want jobs. people understand and advocate policies come in the pre-new deal but some democratic candidates are supported would never ever work. i understand the popularity very millennial selangor left and right. he's getting more support right now. stuart: is playing pretty good with millennial spirit that poses a charge to president trump, doesn't it? >> sure it may be more of a challenge but i still don't think joe biden has any chance to beating president trump in 2020. train to madison, great name, millennial, thanks for joining us. see you again soon. >> thanks, stuart. stuart: sure thing. the vision for the lockhart adm in fort lauderdale. as adults already you're what? these are renderings. pretty good i've got his payback. guess who's behind that stadium?

david ask him once to bring pro soccer to south florida. now we are going to talk to his lawyer, the lawyer representing records group. what is the plan for fort lauderdale football? first, the powerball jackpot over half a billion dollars. tell us please, you tell us what would you do if you won a half a billion dollars to tell us on twitter, please. us as people.

they see us as profits. we're paying the highest prescription drug prices in the world so they can make billions? americans shouldn't have to choose between buying medication and buying food for our families. it's time for someone to look out for us.

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stuart: gas, were all about money in the program. the site about the latest powerball jackpot. $550 million. hillary can't expect us to choose the doughnut shop in venice, california with the shop owner. they are snapping up tickets real fast out there. >> they are. i want to bring you inside here. were actually going to talk to terry who told me they have sold a lot of tickets just this morning. tell us how many tickets you sold just over today.

>> today from 6:00 until now we sold 200 to powerball ticket. train a busy day for you. is that part of her strategy to get people to the door they get a doughnut and get a lottery ticket at the same time. >> we are especially busy when they get high they get very busy. >> i also want to bring it to the corner. 711 is on the same strip mall. they just sold two weeks ago a $700,000 winning lottery ticket. i talk to the store manager earlier today. he says they've been very busy with people getting a chance to win the jackpot money. there are ways to win. the odds of winning not that great. one in 292 million. those are the odds for someone to actually get the $550 million jack pot, stuart. stuart: you know, reporters usually stand in one place and report. we're getting you some exercise by walking around.

well done, hillary. that was good. thank you indeed. buy your ticket. tech news, here we go. google they've got a new game streaming service. second, apple announced a new model of the popular air pod headphones. three, netflix the same this season three for stranger things. we are giving you details on all things tech in just a moment. and of course, we are waiting for president trump to leave the white house and had to ohio. his departure coincides with the end of "varney & company." is that a coincidence? the market down 75 points on the dow. we'll be right back.

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stuart: the president departs in roughly a half-hour on its way to ohio. won't necessarily happen on our show, but to equate neil cavuto at noon. especially the president speaks at a press at the least to get on board marine one. headlines could be made.

check it out. pretty consistently down between 50 and 100 points thus far today. down 78 as we speak. google just slapped with a $1.7 billion fine by the europeans because they were blocking out from competitors. tech activists, and author of this book can act, how succeed by engaging radically with society. it seems to me there's a total shift in the way the public perceives the google, facebook and twitter of this world. we used to love them. now we are not so sure about that. bearing in mind the shift, and you think the big-time regulation is on the way anytime soon? >> i think that's the big question. my money would be yes. we are seeing particularly the e.u. look towards regulation. also u.s. lawmakers seriously consider regulating even

breaking out the attack. we are now a tipping point in the relationship between big tech and society. the most trusted the most loved industry in the years i've been involved in technology we've seen a shift dramatically. there's no doubt technology provides huge values to society. they need to do a lot better than also addressing the underside the underbelly of the revolution because there's obviously a serious concerns whether it be ethics of nai, privacy, and secularism within industry and all of us have a huge impact on the bottom line and the share price. and there is a significant risk now happening because tech companies didn't get on the front and engage radically with society. >> interesting stuff. i share your opinion there. i just don't know how far regulation will go. will it change the basic

business model if it does say goodbye to that stock. i want your take on these ridesharing ipos. they're both going to go public this year probably. if i was a pirate day stocks coming on the market soon, how do you value the bird or lyft. >> good question. the lyft which is slated for this year. look, there's two things. one is like all other companies going public with their revenues, profit doing this year in the year ahead. but the companies will hope to do is tell a story to wall street and beyond that. it's not just about how much ridesharing they can do today. it's about their future possibility of driverless cars, and delivery, logistics as a

whole. that is the story they'll be going out to. fundamentally, wall street don't like it too much and it will be very much about today's revenues, today's profit. >> i'm inclined to bite lugar. how about you? >> i wouldn't blame you. a lot of people would be right there with you. the biggest risk with goober hasn't been its profitability or its revenue growth. it's been much more about the regulatory risk and the risk of society. obviously the ceo stepped down. their valuation is predicated on their ability to win arguments across the world. he saw them so again the issue is not just a responsibility issue. it's a bottom-line issue. >> if i had to say you are at

risk. is that correct? >> that's right. warning raised in london. build my own tech company in the u.s. stuart: you better come back over here. thank you very much. appreciate it. now i've got some more google news for you. they just announced the new game streaming service. apparently no more going out to buy a game. you don't even have to download it to your computer. and if you see a favorite stream or playing a game you can join in with them. just tap a button. check apple. just announced a new model of their popular air pod headphones. it includes a hands-free future. a longer lasting battery and the price $159. they'll go on sale next week. check those streaming stocks. cord cutters upset that they have too many choices, can't

decide which on the house. half of streaming subscribers say they have subscription fatigue, struggling to find a favorite show, can't find it anywhere. record field of competition and you've got to do with all those passwords. added to that field, apple set to unveil their new streaming service monday. netflix already says look, we are not going to be part of the apple deal. the battle heating up. apple is unchanged at 186. by the way, the new taylor -- sorry, the new trailer for stranger things season three is not under screen. that is a netflix original. more coming. football or some would say soccer is coming to florida. fort lauderdale to be precise. a rendering of the future stadium. who is leading this? david beckham of cores. while spirit come on in,

stephanie to baker, the lawyers lobbyist for enter miami soccer team or the parent entity is united. welcome to the program. what's the plan? when is that going to kick off so to speak? >> thank you for having me. i'm pleased to tell you today the city commission ranked enter miami, llc first in our afternoon meeting yesterday in the evening meeting they begin negotiations with the team for the construction of the stadium. we said last night on the record as soon as the city issues a permit we would like to start moving and get the stadium going. stuart: it is yours the way of the net. you can't just all the stadium like that. >> actually you can. under the current schedule we hope to be open for the kick off season in 2020 and that is completely possible.

stuart: mask what kind of a piece of the action does the house. >> well, they don't enter miami, which is the mls soccer team. they have been granted a franchise in this stadium is meant to be their training facility. but david back on has made and announced than on the 14th that if the stadium is open in time for the 2020 season they would like to play their first two seasons of home games in fort lauderdale. stuart: you know, a lot of us follow soccer or football, call it what you like in america. a lot of us love the english premier league soccer, which is the world's best in this competitive. do you feel a little overshadowed by what is going on in europe compared to what you're trying to do here? >> i would tell you everybody have spoken to could not be more

excited that their partners are bringing a team here to the city of fort lauderdale. lockhart stadium has a very rich history. in soccer the strikers played there for many years and the buzz and excitement about the possibility of having this year is really second to none. stuart: that is kind of dodging the question. that's another story entirely. thanks for joining us. very interesting news and we wish you well. thanks a lot. >> thank you very much. stuart: big payday for the best player in baseball. los angeles angels center fielder mike trout about to sign a $440 million extension -- except to $36 million a year. either way, he was a california resident he would've pocketed less than half of that money because the taxes of cores. by the way come a lot of money, but he still not the highest paid athlete but you know salary. obama to starr, and soccer make us are as four times that.

$120 million figure. alvarez, professional boxer $73 million per year. says curry, round out the lower end. $42.3 million. a lot of money in store. now this. one sitting california wants to be in use it's completely. we'll tell you which city is trying to make a move. the cost of living just too high. companies leaving, workers leaving. the california business roundtable next. how are they going to bring it all back? president trump heading for ohio at any moment. when he leaves still see him and i hope he speaks. ♪

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stuart: a big line headline for instagram. i'm going to understand the importance of this. you may now buy stuff directly

from instagram. why is it a big deal? >> facebook is entering the retail space and that is if your friends like something they bought, then they can recommend it to you on facebook. also 90% of its revenue is advertising. ashley: i'm surprised it taking them this long. new ideas retailer. what took so long. facebook is out. there you have it. i do not instagram, good headline. talk in a moment.

stuart: big news from the border. it really is a crisis. the administration has announced it's going to stop sending migrant families across the board illegally to jail. there is safety concerns, overcrowding problems or that's what the policy is shifting. detention centers have overwhelmed. that is a crisis right there right now. we talk about this a lot on the program. the formerly golden state of california facing a jobs crisis. companies leaving the state because of high taxes. robert laps he is with us. business roundtable president. what is the nature of this problem? a lot of jobs available, but workers not there to take them. is that it?

>> good morning. california is facing some interesting challenges. but we have right now is an issue of affordability. our prices are very high to obviously housing, taxes. what is happening in the boardrooms for companies especially medium and smaller companies is when they look at our prices, and they are making determinations of whether they can grow here or whether they need to look at other states. particularly housing. stuart: the jobs crisis is that you don't have a lot of new jobs becoming available because companies are not moving they are and workers are moving out. that is the nature of this jobs crisis? >> so, what we have is silicon valley continues to be our economic engine. we are losing jobs in manufacturing because of our cause. we lost over 140,000

manufacturing jobs in the last decade that are not going to come back and we need to be able to have affordable prices for these companies in order to be able to want to come here. there is not a single solar panel manufacturing the state of california. there's a reason for that. stuart: i just don't see what change you can expect. the government of california will never love her and a tax except tax on marijuana. the government of california will never relax the green rules which make electricity is so incredibly expensive. you'll never relax estate planning restrictions. i don't see a way out for you guys. >> well, we are going to work with this governor because we have to. we have a new governor who understands some of these challenges. he's very smart. we are hopeful -- >> wait a minute. stuart: the new governor of

california once to expand medicaid, essentially expanded to all the illegals in the state. that's going to cost an arm and a leg and will enhance it as well. and it's got all these great all these green rules. you expect help from him? >> the governor is also a businessman. we're going to find out. but business has he run? >> the governor as a young man started businesses and winery restaurant and other services and he employs over 1000 people. we've had many discussions with him about that. he understands these first 10 challenges. the legislature continues to advance all of the climate change policies and the cost associated with that. they're not doing anything to look at how we alleviate the affordability issues in this day. so we have to work closely with

the governor to try and make some of these changes. if we can't come a business is going to pay the price and then we went to pay my taxes and will fight back to the desk. stuart: good luck, sir. i'm not being facetious. i'm not being sarcastic. i wish you the best of luck because we are in favor of businesses on this program. i think you've got an uphill struggle. sorry, sir. amount of time. let's say i'm california. san francisco looking to ban cigarettes. politicians don't want them in the city at all. it's an effort to curb the use of tobacco products among teens and youngsters. if it goes through, san francisco will be the first city in the country to ban them outright. another state that is cracking down on plastic and foam. hawaii trying to ban all use of plastic in its restaurants, bottles, straws utensils, you name it.

twice what they cost. good for the environment, bad for business. hawaii joining nightclub. what if you got? ad lib. waiting for trying. i can do that with the dow was down 126 points and we are indeed waiting for the president to leave the white house. we hope you says something to the media on his way to l-lima, ohio. either way, it is l-lima, peru, l-lima, ohio and it is the lima bean. i am an american. back after this. ♪ when you rent from national... it's kind of like playing your own version of best ball.

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stuart: this coming into us. president trump was israel's prime minister mr. benjamin at yahoo! at the white house next week. it will be monday and tuesday. israel's prime minister comes over for a visit. i want to think this has something to do with the promise middle east peace plan we were to have revealed in april.

>> mike pompeo expected to make a joint statement later today. stuart: al-sabah got here? ashley: obviously yes though they talking can be discussed as well. stuart: this could be a mideast policy breakthrough or a foreign policy breakthrough. important when it comes over here for this. next case is president trump going to l-lima, ohio very shortly. when he gets there, we are expecting him to lambaste general motors because they insist on closing the plant in ohio. here's a principled question. in principle, should the president, any president be going after private company. >> no sitting president should do that. the question is why isn't gm retooling the sports town plan to make electric cars?

ashley: they may do that. i don't think the president should be picking on companies. took a lot of money from the taxpayers. has it all been paid back russian ark no. a special case. stuart: in principle no don't go after them but in practice in reality do it. the big board going down a bit more. up 130 odd points at this moment. i have to think that is something to do with the business roundtable. they look to the future. >> two by 72.5. stuart: that's a negative. i thought that my play positively. now we are down 150 points. so whatever he says could have an impact. he takes to the microphone at

2:30 eastern time. i believe he takes questions. how is he going to handle the question? >> don't ask at fireworks. stuart: if there's any fireworks, i think it will come when he hands, whether he's got a bit more money into the economy of or take it out. stimulus or slow down. which is? there will be more "varney" after this. ♪ . . een healthy gums and strong teeth.

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stuart: several big stories we're following, including what you see on the right-hand side of your screen. rather suddenly the dow has taken a dive to the south. it is down 167 points. we lost 100 points in a few minutes. later on today, 2 1/2 hours time we'll hear from the federal reserve. but again, that is 2 1/2 hours time. we're not expecting any change in interest rates. i'm not sure we're expecting anymore money to go into the economy or taken out of it. is i'm not sure that it is the fed that is doing this to the market at this point because we're not hearing from them for another couple of hours. on the left-hand side of your screen moments ago, we had the

white house, momentarily the president will leave the white house, get on to marine one, heading to lima, ohio. when he leaves the white house he often makes comments to reporters. that is what we're waiting for. i believe my colleague neil cavuto will covering just that. neil. neil: indeed we will, stuart. this is the first day of spring officially 5:00 p.m. eastern time. some wonder whether the economy has sprung. all good news. but the president is fenn raising some concerns here in this delay we're getting on a chinese trade deal, maybe not immediately forthcoming. maybe the bang for the buck is way too early to say. the president will leave for ohio shortly. he has been jawboning his way to mary barra and others at gm not to close that plant. good luck on that front. we're expecting to hear from jerome powell after the fed wraps up its two-day meeting. no move on interest rates expected. the fed chairman cou