tariffs with europe on automobiles. he actually praised the 25% import tariffs on light trucks. called the chicken tax, which your viewers know because we talked about it literally for two years on this program. maria: yeah. that was important. zero taxes, he doesn't want to go there. that will do it for today. thanks, everybody. great panel. great program. have a great weekend. "varney & company" begins now. stuart, take it away. stuart: great interview. good morning, everyone. we are going to start with nike, because its stock is having impact. it is down big. is this the kaepernick effect? nike sales in north america were disappointing, according to analysts. did their controversial use of the man who led the anthem kneeling protest hurt their sales? there's another question. are the analysts partly to blame for this stock drop? nike sales were fractionally lower than what analysts expected. is this another expectations problem? we will certainly ask. nike is a dow stock and is dragging down the industrial

average. we had a big gain thursday. we are going to close out the week, though, certainly the opening bell, with another triple digit loss, down maybe 160 points, at least, at the opening bell. no clue how we close. what do we have for you today? the president leaves the white house for mar-a-lago. he usually takes the opportunity to speak to reporters. america approves of israel having sovereignty over the golan heights. that may come up. that's a big deal. so will democrat presidential hopefuls skipping next week's pro-israel apec conference. you will hear what he has to say as he says it. you will also hear directly from gm's chief mary barra. she's on the show. how will she respond to the president's intense pressure on that closed general motors plant in lordstown, ohio? it's always a big show on fridays. this friday, march 22nd is no exception. "varney & company" is about to begin.

i have a deputy, appoints a man to write a report on me to make a determination on my presidency? people will not stand for it. now, with all of that being said, for two years we've gone through this nonsense. this is no collusion with russia. you know that better than anybody. there's no obstruction. stuart: the mueller report could come out at any time and there the president was talking about the release and about the mueller report. come in, charlie kirk, turning point usa founder and ceo. charlie, you spent a lot of time with the president, almost on a day-to-day basis. i know you're right in there with the man. does he appear worried about the mueller report at all? >> not whatsoever. frustrated and rightfully so. it's been two years, over $30 million of taxpayer money, going after something that honestly started in one of the most ridiculous ways. it started as a rumor mill, a dossier that had questionable funding behind it.

look, you could start to kind of see the way that the media is posturing and positioning themselves over the last couple weeks that it's reasonable to say that mueller's not going to have any big bombshells. we will wait to see obviously when the report comes out but it has been frustrating, because there is a double standard. the double standard is that the leftist media, the people in the democrat party are so frustrated this president won, they wanted to use this investigation and the special prosecutor as a way to try to get back at him. i think for them it's going to backfire and the president i think is frustrated over it but i think will be vindicated by this mueller report that will come out hopefully very, very soon. stuart: does the president appear irritated that his message on the economy and the success of the economy doesn't seem to be getting out and being listened to by millenials like you guys? >> well, look, i can tell you, we have the lowest ever youth unemployment of the last 60 years. it's an extraordinary accomplishment. it's almost like the tale of two different realities. it's the liberals that want to say things are horrible when

things are actually getting better on the ground for students, wages are going up, unemployment opportunities are expanding, and i think that's really what the message is going to be in 2020. you have an entire democrat party and people on the radical left that want to paint a picture that things are not improving when in reality, you see students and young people that have the opportunities expanding because one of the greatest economies in american history and we can thank the president for that. stuart: we sometimes see him get angry on twitter. ever seen him get angry in person? or are you allowed to tell me about that? >> look, i could say he's an extraordinary leader and you and i both have had an opportunity to meet him in a variety of different ways. my experience with him is this. he is so passionate about turning this country around and you know, there are so many people that make it their mission to try to destroy this president and try to destroy this presidency and i have had the opportunity to be able to get to know the first family quite well, don jr., ivanka, jared and of course, the president, i have had the opportunity to spend with him

has been amazing. they are so laser focused on making the country better today than it was before they took office or were in the positions they're in today. it's really amazing to see. they're not here for any other thing besides to pass legislation and make america a great country again. i can tell you it's just amazing to see the results they have been able to deliver. yesterday was pretty historic. they destroyed isis which was amazing, they recognized the golan heights in israel and signed an executive order on free speech. pretty amazing last 24 hours. the media won't tell you about that. stuart: exactly. you just don't hear about it. glad you're with us. welcome back to the show. we missed you. in 20 years, you will be in the oval office. you were just practicing there now, weren't you? charlie kirk, everyone. good man. see you again soon. make that 26 years. money. look at nike. look at it dragging -- it's a dow stock and it's dragging the dow. right now, nike is down 4.3%. its sales in north america were disappointing, according to the

analysts. david nicholas, nicholas wealth management president, is with us. is this the case of another analyst expectations not quite met, therefore you sell this thing and down it goes? is that what's going on here? >> stuart, i think you're right. i think this has to do with lofty expectations by analysts but the company is doing just fine. they were right in line with earnings. earnings per share, 68 cents, revenues of $9.6 billion. overall, the company's doing fine. also, nike has met or beat expectations five quarters in a row. so it's been on a good run. i will say there was some weakness in china, europe, here at home. i think analysts believe that nike was going to fill the gap that adidas had with supply issues. we didn't see that so while we don't own the stock, i refuse to buy nike products anymore. i think as an investor, stocks will do just fine. stuart: why don't you buy nike products anymore? >> stuart, i will tell you, what they did with promoting kaepernick, i don't want one cent of my hard-earned money to

go to a company like nike that chooses to promote individuals like kaepernick who choose to disrespect our flag and disrespect all the good our flag stands for. i don't want to support that company anymore. i think what they did was divisive and that hurt a big part of their customer base, me included. stuart: i want you to listen to what president trump told maria bartiromo about the federal reserve and growth. roll tape, please. >> look, i hope i didn't influence frankly, but it doesn't matter. i don't care if i influenced or not. one thing i was right but we would have been over four if they didn't do all the interest rate hikes and they tightened. i mean, they did $50 billion a month. i said what are we doing here. stuart: look, he said 4% growth if it had not been for the federal reserve. what do you say? >> stuart, i share the president's frustration with the fed. it's hard not to attack the fed when they have no clear and consistent message. a few months ago they said they were going to have multiple rate

hikes in 2019. now they have pulled back on that. but the president saying the fed is responsible for getting rid of 1% of gdp growth, that's giving the fed quite a bit of credit. the fed is not the primary driver of economic growth. i share the frustration. i wouldn't give the fed that much credit on the reason why we haven't seen gdp growth. but if you look at what the fed did in the fourth quarter with his speech, jerome powell's speech on october 3rd, that i think did a lot to damage fourth quarter gdp growth with confidence in the overall economy. i don't think we have seen the result of how damaging that was for the fourth quarter. stuart: david, look, thanks very much for being with us on a friday morning. always appreciate it. see you again soon. now this. there is one airline that's going to cancel its order for boeing max jet planes. who is it? susan: indonesia's airline. it was a $6 billion order for these 737 maxes. they ordered 50, took delivery

of one and say passengers have lost confidence in this make plane, after two deadly air crashes including one with indonesia's lion air five months ago. now, they are not going to get their money back. instead they will take a look at the other planes that boeing makes, for the other 49 planes still on that order. boeing doesn't lose $6 billion but obviously, there's lost confidence in the 737 maxes. stuart: that's the point. the stock is now down. that's the one-year chart. this morning it's down below $370. susan: down 15% over the past month. stuart: right. $368 on boeing. that is not good news for them. okay. overall, the market is going to open lower this morning. nike is something of a drag on the dow. more importantly, though, there's news out of europe, looks like the continent is heading for recession. bad news on manufacturing from germany and from france. that is concerns about global growth, okay? down goes the dow nearly 160. miami beach cracking down on

airbnb. some people forced from their rentals in the middle of the night as inspectors arrive. airbnb is fighting back with a lawsuit. this is a big story. what happens there could happen elsewhere, too. kirstjen nielsen visiting the southern border. she calls it a border crisis and says the situation is going to get worse. look, editorially, i have been blaming the democrats for this mess and i want to know what are the democrats going to do to fix what is clearly a crisis. president trump getting ready to head to mar-a-lago. he leaves later this hour. if he speaks to reporters, and he usually does, you will see and hear exactly what he's got to say. "varney & company" friday morning, just getting started.

stuart: quite a drop coming at the opening bell today. remember, we've got europe teetering on the edge of recession, germany just reported the sharpest drop in manufacturing in six years. they don't have many tools left in their toolbox to fix that situation. that's why we are down this morning. largely so. tesla is filing a lawsuit against some former employees. what are they alleged to have done? ashley: four ex-employees alleged to have stolen confidential information from tesla as they moved the a company, a robotaxi startup. in fact, there are more than 100 former tesla workers who now work there. tesla claims these ex-employees

forwarded sensitive information, confidential information, to their new e-mail addresses at the new company. in fact, they claim they intercepted one that was under the subject good stuff. so under their agreement with tesla, they are not allowed to do that, obviously, and also, they are not allowed to poach any tesla employees for one year. they say they breached both of those and that's why they have gone to court. stuart: there is always a tesla headline. another one today. the stocks are at $271. enough said. homeland security secretary kirstjen nielsen visited the border. she says there is a true crisis there and she called on congress to change the asylum laws. john sandwig is with us, former acting i.c.e. director. i have editorialized on this program and i say it's the democrats' fault. they have invited them in. now they're here and who do you blame? who do you blame? >> stuart, i'm going to blame congress on this one. listen, i think the laws are fine the way they are. only 20% of these people are actually getting asylum to the united states. what's drawing them here is the fact it's taking years, years

before a decision is made on their case. that's simply because congress hasn't funded the immigration courts to process these cases quickly and we are in a crisis now, when you have 76,000 last month, 100,000 this month, we are going, you know, these people will be here for years to come as a result of congress's failure to adequately resource the system to move these cases along fast. stuart: look, we were showing people these tent cities, we are showing them to you again today. these are tent cities in the united states, they are growing rapidly. that's my definition of a crisis. does it meet your definition of a crisis? >> it absolutely does. listen, people may bicker about whether or not it's a security crisis or whether these people pose a threat to the united states. the bottom line is we have an unmitigated crisis. i think it's more of a humanitarian crisis, but we have 176,000 people in the last two months arriving at our border. we are ill-equipped to deal with that. it overwhelms the entire system. it can have an impact on security because it distracts the border patrol from their line job which is getting the bad guys who are trying to cross. stuart: at the moment, we are

back to catch and release, aren't we? because we don't have the facilities to house them. >> quite frankly, we have been at catch and release the last two years. some of these people are being detained for a very limited duration but the majority of them are being released waiting for their day in court. that day in court because we only have about 400 judges, they are getting close to a million pending cases, that day in court is not going to happen for three, four, five, six years. stuart: will you join me in blaming the democrats? >> i will blame the congress as a whole. stuart: wait, wait. come on. look, it is the democrats who found these sanctuary states and sanctuary cities. it is the democrats who have refused to provide money to build a wall. it's the democrats who essentially are inviting them in. come on. >> stuart, as a democrat, i will tell you, i'm not sure the sanctuary cities have the draw on these people. really, it's smugglers -- stuart: you set foot in california and you're there forever. you can't leave.

>> more than anything else, it doesn't matter where you go. right now if you come to this country and claim asylum, you will get a ticket to stay in this country probably for three, four, five years, especially if you are with a minor child. stuart: would you democrats change the asylum laws? no, you wouldn't. >> i'm not sure we need to change the asylum laws. stuart: what are you going to do? come on, you're a democrat. you know i.c.e. what are you going to do? >> we have to do something. stuart: what are you going to do? >> i think we have to surge capacity to process the cases quickly. it's unacceptable, unacceptable that somebody can come into this country with their child, claim asylum and it takes five years to make a decision. that's just unacceptable. that's got to be fixed. stuart: we could do that. we could surge, whatever you call it, dealing with them. >> i think there are plenty of different things you can do. the immigration courts themselves are administrative courts. congress could appropriate a large chunk of money, to be honest with u it's far, far cheaper than detention. stuart: wait a minute. wait a minute. you think this congress, do you think this house of representatives would okay a whole new ton of money to process people to send them back quickly? get out of here.

>> i think there's a better chance of them doing that than there is of them passing any immigration laws. congress cannot pass an immigration law. they have proven incapable of doing that for over 15 years. we have to do something, stuart. these numbers are getting huge. stuart: that's true. >> this is a real issue. i got to tell you, we tried everything else. one thing we haven't tried is processing the cases quickly. listen, until people are sent home -- stuart: we have not tried a wall, a barrier and enthusiasm for closing our border and organizing our immigration system. that's why they still keep coming. >> i got to tell you, until we start sending people home, when you are in central america and your neighbor goes and doesn't come back, until those people start getting sent back with regularity and quickly, they are going to keep coming. stuart: you are playing defense but we appreciate that sometimes. thanks for joining us, sir. appreciate it. good stuff. take another look at futures, please. we are still in the same place, now down about 175 on the dow, maybe 40 points down on the

nasdaq. a battle of the beer companies. why miller coors is suing anheuser busch for its latest ad over bud light. we are waiting for president trump. he's heading to mar-a-lago any minute. if he speaks to reporters, you will see it live right here. if ywhen you brush or floss, you don't have to choose between healthy gums and strong teeth. complete protection from parodontax has 8 designed benefits for healthy gums and strong teeth. complete protection from parodontax. our grandparents checked 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.

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stuart: kroger, the big grocery chain, has a division called qfc that will no longer offer single use plastic bags for customers. they are going green. thought you would like to know. brexit. total chaos, delayed again. that march 29th deadline, gone. can you straighten -- can you give me any clarity? ashley: 20 years from now we will still be saying brexit, chaos. i know. listen. theresa may wanted an extension to june 30th. eu said nope. if you get the deal passed next week we will give you until may 22nd to figure it all out. if you don't, you have until april 12th to tell us what your next steps will be. of course, number 10 has no clue what the next steps will be. we are hearing the mps may be able to vote next week on a whole slew of options they could support including absolute revocation of article 50. in other words, forget we ever had the vote. a second referendum, a deal,

blah, blah, blah. the word is that there's panic at number 10 right now because they really don't know where this is going to go next. but it appears she probably won't have support for her deal. stuart: that's the one honest statement, there is panic at number 10 downing street because they haven't got a clue where they're going. ashley: exactly. stuart: we can wrap that up nicely. a rather different story, the nfl paying $10 million to settle colin kaepernick's grievance. they want a lot more than that. susan: his market value in the two years he was sidelined was $30 million. he's splitting the $10 million with eric reid, a former 49er safety as well in this collusion case, because they both kneeled during the anthem and they feel that over the past two years, they have been blackballed by the league and team owners from playing in the nfl and making money. stuart: that $10 million is split with the two players? susan: that's right. we don't know how it's split. the "wall street journal" is reporting it's $10 million. other estimates that maybe it would go three times to 30, so

up to $100 million. obviously if the arbitrator sides with the league, it shows maybe they don't really have a case here. stuart: $10 million is peanuts to the nfl. that's for sure. check futures again, we have sunk a little further south. now we are looking at maybe 180 point loss for the dow jones industrial average. back with the opening of the markets, after this. itso chantix can help you quit "slow turkey." along with support, chantix is proven to help you quit. with chantix you can keep smoking at first and ease into quitting so when the day arrives, you'll be more ready to kiss cigarettes goodbye. when you try to quit smoking, with or without chantix. you may have nicotine withdrawal symptoms.

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stuart: literally just a couple of seconds on this friday morning and we will be off and running on wall street. we are going to be down maybe 150, maybe even 200 points right there at the opening bell. please remember we were up 200 yesterday. we might just cancel most of that out in the very early going today. we are off, we're going. we are down 130 in the early going. more importantly, perhaps, left-hand side of your screen, you can tell the extent of the selloff, most of the dow 30 are down. it's a half percentage point loss for the s&p, 13 points lower. how about the nasdaq? another loss of a half percentage point. so we are down across the board, all down roughly half a percent. nike is now down 2.8%. that is dragging on the dow but not as much as it was. so nike right there at $85 per share. got it. jonathan hoenig is with us.

so, too, john lonski, ashley webster and susan li. i think this market is getting hurt by concerns about a european recession, if you want to put it like that. where am i going wrong, john? >> you are right. the worst reading on german manufacturing since 2012. it's a contractionary reading. bad news. stuart: jonathan, do you know if i give money to the german government for ten years, they don't give it all back to me. they've got negative interest rates. they charged me for keeping my money. >> yeah. we have seen that play out in numerous countries around the last couple of years, especially japan. i have to tell you, that's one of my concerns here. look, the market likes that news from the fed, rates essentially weren't going to be hiked but i'm not worried about the u.s. dollar. we have been talking about how gold has been going up, the dollar has been heading down. look, i'm a bull on the u.s. economy but i think there are bigger fundamental factors that frankly a lot of what's coming from washington isn't helping on wall street. stuart: we've got one of the

biggest losers on the dow, nike. that down 3% as we speak. back to $85 a share. there was a slight miss on their north american sales and some people are putting that down to the kaepernick problem. what have you got? susan: i also saw expenses go up as well, then inventories went up. in a healthy environment you sort of draw down inventories because you are selling so much. i think there are some concerns in terms of design and how much are pricing out as well. stuart: i would be prepared to dismiss the kaepernick story and say i'm more inclined to say the bean counters, the analysts, who react badly at the slightest miss. down you go. nike -- >> got to put it in some context, stuart. this stock was at an all-time high two days ago. it's up 60% in just two years. susan mentioned costs. that may have something to do with that but kaepernick has been a positive for the company. this is a brand company and

that's been a win for them. the stock has been a winner for everybody. >> i think susan is right. there are too many people overestimating their pricing power. that's hurting the economy. you are getting lower unit sales as a result. stuart: john, another one for us. president trump blaming the fed because we've got just 3% growth last year. i believe, jonathan, he said, talking to maria bartiromo, if it wasn't for the fed we would have had 4% growth. what say you? >> well, you know, stuart, in 2016, i'm just replaying the tape, we had the president say the buck stops here with president trump oftentimes it's the buck stops anywhere else. in 2016, he was talking about how the federal reserve was creating a bubble. he said the economy was in a bubble so which is it? if the fed created a bubble with low interest rates, now he wants low interest rates? what about getting rid of the fed all together and let the market set interest rates? that's what would be best for the economy. stuart: you are a revolutionary. what about you? >> right now the market agrees with the president. interest rates are too high.

we have breaking news in the bond market. the three-month t-bill rate, 2.47%, the ten-year treasury yield, 2.47%. we are moving towards an inverted yield curve. when that happens, the fed better cut rates quickly. stuart: that's interesting. didn't know that. maybe that's weighing on the overall stock market. [ speaking simultaneously ] stuart: what we are talking about here is the yield on what is it, three month? >> three month t-bills. stuart: 2.47. ten-year treasury, 2.47. >> almost. market is telling the fed cut rates pronto. stuart: i hope the market's listening or rather, hope the fed's listening. check boeing, please. indonesian airlines are going to cancel orders for the 737 max jet. i think they were going to order, how many? susan: they ordered 50, took delivery of one. 49 of the 737 maxes will be canceled. not that boeing is giving their

money back on the order but they say passengers have lost confidence in the 737 max and if they are doing this, can you imagine the other airlines, 5,000 ordered around the world of these jets. what are they going to do? stuart: it's a confidence problem rather than a cash flow problem, i suspect. that is hurting the dow because boeing is a dow stock. look at it now. the dow industrials down, okay, just over 100 points. we have come back a little bit. now down 107. maybe the market's listening to john here about time for the fed to cut rates. how about tiffany's. it missed on sales in the holiday quarter but did it miss the analyst expectations? ashley: it did okay on earnings. they are fighting the lack of chinese customers, buyers. stuart: it was down earlier. now it's up, $100 a share. susan: flat. stuart: look again at biogen. it had its worst day in years after it gave up hope on its anti-alzheimer's -- it's

alzheimer's treatment, i should say. down more today, not much, but up another $1.63. $225 on biogen. how about apple? what a day they had yesterday. on monday, they're expected to release and announce their new streaming service. that stock, apple, has been on a tear, pretty close to $200 per share. apple is now more valuable than microsoft, even though microsoft yesterday hit $120 a share and closed there. where is it this morning? i believe it's back to $119. i'm heartbroken. $119 a share on microsoft as we speak. by the way, they are going to release a no disc gaming console. what's this all about downloading? susan: downloading. i didn't know they had a blu-ray disc. who uses that anymore? this is anticipated to be released april or may. what they are going to is downloadable worlds. they will introduce a gaming

streaming service because who buys these hardware boxes anymore? this is a world of the internet. if you had google introducing this streaming game service, this week as well, there's a lot of play, billions and billions of dollars. stuart: jonathan? >> as susan said, these companies are succeeding because they are innovating. look how apple has changed, its business has changed. microsoft had to stay up with the times. i have been a hater of a lot of these big cap tech stocks, i kind of think they are the old gray mule, ain't what they used to be, but you have been rewarded by sticking with microsoft and if these stocks could get legs, i think the nasdaq potentially could go a lot higher. they have lagged so far but are showing strength in the near term. stuart: thank you jonathan, for that plug for my retirement fund. very good. very good indeed. all right. let's look at facebook. another headache. this time, employees had access to millions of user passwords. this is one tech stock which has not rallied this week. $166, it is now.

everybody else has gone straight up but facebook staying right there. is this a crisis? ashley: it's just the story du jour for facebook. it's always negative. stuart: yeah, it is. susan: they said the passwords were not exposed externally, only internal facebook employees had access. stuart: one thing that will really upset facebook is if the government comes along and insists they change their business model which will take down their profitability. if you see that, that stock comes down. you with me on this? susan: yes. >> on the way, stuart, in a bull market it's all good news. for facebook it's been all bad news. the stock, to your point, has been a tremendous laggard here. i think this has to give long-time bulls a lot of caution given the fact this stock can't get out of its own way. stuart: miller coors suing anheuser busch inbev over that super bowl ad. susan: i'm the beer expert on this panel. i don't know how that happened.

it start withed with the high pe ad during the super bowl, bud light calling out miller coors saying we don't use corn syrup in our beer and they fought back, launching a lawsuit, saying this is defamation and also, they had three billboards outside colorado to say we're not the ones using corn syrup, saying it doesn't show up in the final product. ashley: fermented out, basically. susan: they are saying it's defamation, it's all lies. stuart: a marketing strategy. pick a fight, get a lot of publicity and away you go. both stocks are down this morning. cvs are going to be selling cbd products at 800 stores in eight states. jonathan, this is cbd. this is the oil, it doesn't get you high, it's not thc. looks to me like cbd is going mainstream. >> yeah. it really is. i think all the kind of hysteria

or insecurity about something like therapy in the '50s and '60s ultimately became mainstream in the '80s and '90s. i think it will be the same with cannabis. both thc and cbd, these products which seem so scary and new, in just a few years will be completely mainstream, widely adopted and most importantly for the stocks, legal. stuart: yes. ashley: in a pet store last night, got some cbd treats for my dogs. tried one with my cocker spaniel, baxter. had no effect at all. he didn't chill out. stuart: did he start eating vigorously? glazed over eyes? i'm joking here. it's 9:40 eastern time on a friday morning. jonathan, thank you very much indeed. good stuff, indeed. now check the big board. we are coming to basically a 100 point loss in the very early

going this friday morning. ups wants to branch out into health care. ups health care. got it. they are planning -- they are starting testing a new service that would send nurses to vaccinate adults in their homes. what? i don't get the connection. ashley: that's interesting. stuart: ups stock is down. president trump says it's time for the u.s. to recognize israel's sovereignty over the golan heights. that's a shift in policy. next, we talk to one of our leading israel experts. he says this move is long overdue. we expect to hear from the president as he gets ready to head to mar-a-lago. when he speaks, if he speaks, you will see it. we have a big announcement coming from general motors at the top of the hour. we have an interview with ceo mary barra. you will hear it here at 10:00. and the big announcement, too. now i'm thinking...i'd like to retire early.

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stuart: steady as she goes 13 minutes in and down almost exactly 100 points. let's check out levi's. they went public for the first time yesterday at $17 a share. this morning they are at $23.15 per share. did well. israel, listen to what president trump told maria bartiromo about supporting israeli sovereignty over the golan heights. roll tape. >> this is very much like jerusalem, moving the embassy to jerusalem. i did that and i fully understand why clinton and bush and obama, everybody campaigned on jerusalem and the embassy going to jerusalem. i even got the embassy built, by the way, very inexpensively but they all campaigned and they never did it. golan heights, it's the same thing. for years, other presidents have cam campaigned, said they would do it. this is sovereignty, this is

security, this is about regional security. stuart: joining us is b2 strategic ceo and frequent guest on the program, our israel expert. got that? okay. why is the president doing this? >> you know, the president is exactly right to compare this to the embassy move in jerusalem. this president has adopted a very realistic view of what goes on in the middle east. he's dispensing with all the mythologies that have kept the struggle and strife going on. there are a couple things happening here. one, if anyone has ever been to the golan heights, and i have been many times, it's striking. israel is completely vulnerable. it is truly very much higher in israel and everything is open to be attacked. it is necessary for israel security. what's happening on that border, remember a short while ago when the president said he wants to pull american forces out of syria, so the left started attacking him, not just the left, people said oh, my god, he's going to leave israel vulnerable. it's the opposite. israel never asked the united states to defend it in wars. israel wants to be able to defend its own border. it must have the golan heights in order to defend its northern border. stuart: if you recognize israeli

sovereignty over the golan heights are you annexing it, making it part of israel? >> i think ultimately that should happen. stuart: that's the way to security for israel, the northern border with syria? >> absolutely. you see what's going on in syria. it's a hot mess. it's violent. it's dangerous. israel is threatened by it. israel's presence there being permanent and made to be understood israel controls this is vitally important and it really does lead into the president's desire to let america not be the ones policing that area. israel can do it. stuart: i think america supports israel not because it is the jewish state, but because it is a democracy. we are involved in democracy in this country, which brings me to this. we are going to put some candidates up on the screen. these are 2020 democrat candidates. all of them, they are leading the field, none of the people on the screen, they are running for the presidency, none will go to the apec meeting next week. that is a pro-israel lobbying group. they will not attend. what do you make of that?

>> this is a dire, i'm using that word advisedly, marker in leftwood drift of the democratic party. the fact the democrats now think it's a virtue signal to the extreme left of their party, the regressive wing of their party, is very very dangerous. if i can, the chief rabbi of england gave a very powerful speech in the house of lords describing when anti-semitism becomes dangerous. three items. one, when a major party moves it from the fringe to the center. two, when it sees it's not harmed by it. and three, when those who protest are vilified. all three are now coalescing in the democratic party. it's very dangerous. stuart: when will we see jewish voters leave the democrat party? >> well, you asked me -- you mentioned, i usually come on as a trump campaign adviser. i'm taking a leave because i'm working on the jewish exodus. the concept is every time the democrats say, they have been saying it since this gortd ot o there, everyone knows the jews are permanently democrat voters. that's the problem.

they are making the case if they really believe jews are never going to leave, they figure we will keep them here and just bring the other groups in, it's fine if they hate israel, they hate the jews. it's not fine. we are hearing from people, lgbt, young and old, saying we don't want to send our money there anymore. people saying how are you going to get the jews to stop voting democrat. what's more important than stop voting democrat is to move democrats away from the anti-semites. that's what they need to hear. stuart: very interesting. always a pleasure, sir. appreciate it as ever. we have gone back south again. we were down 100. now we are down 180. the vast majority of the dow 30 are now in the red. i'm not sure what just happened. i don't think there's anything in particular. but we are down 180 as we speak. maybe it's that inverted yield curve that's striking. miami beach airbnb are in a fight over those short-term rentals. the city actually going so far as to remove some renters,

airbnb people, from their homes, from their rental, in the middle of the night. they are sending out inspectors at unfortunate times. airbnb is suing the mayor of miami beach joins us next. i don't know what's going on. i've done all sorts of research, read earnings reports, looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect. see, your stress level was here and i got you down to here, i've done my job. call for a strategy gut check with td ameritrade. ♪

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stuart: dow industrials now down

229 points. we know that the president is currently speaking to reporters. we do know two things that he said. apac, because democrat candidates are not going to the pro-israel meeting next week, he says democrats are anti-israel. that's what the president said. on the mueller report, the president has repeated his statement that the mueller report, it is essentially a witch hunt. we still have the dow down over 200 points. waiting to see what else the president has had to say. i've got to get to this miami beach story. they are going after airbnb, trying to control this home sharing market. airbnb fighting back with a lawsuit. they are suing the city. come on in, mayor of miami city. what's the problem? what do you object to about airbnb in your city? >> well, we have a lot of residents who purchased their homes assuming they would be in a residential community and when airbnb does, in the areas we have outlawed home sharing and

commercial tenancies, they essentially going around that and become a commercial tenancy in an area that's residential. you don't know who your neighbors are. people are coming for big parties, they are loud at night, they wander around. we have outlawed that. the other home sharing platforms have all complied. all we have asked them to do is please don't share in areas where it's prohibited by law. that's all we have asked for. stuart: that's all you want. that's it. okay. >> just don't send us 20 people in a residential community that wasn't expecting it when they bought their home. stuart: airbnb, you don't pay hotel taxes, do you? >> no. i mean, it's not for us about that. honestly, our residents, we aren't even -- we haven't even engaged in a dispute about whether they are paying taxes or not. we just want our quality of life preserved. stuart: you have spring break at the moment. >> by the way, that's a whole other challenge. but the airbnb folks, it's really amazing to me, all

they've got to do is follow the law and they don't want to do that. that's what is so discouraging. stuart: i understand. are you harassing them a little bit? we hear you are sending inspectors in the middle of the night to rouse people out of these, what might be illegal rentals? is that what you're doing? >> absolutely not. i got a call last night 11:30 from a resident, i give my cell phone number to everyone in the city, and said i cannot go to sleep, there's a party next door and you know, there's 20 people there. we are trying to preserve our quality of life. by the way, we're not suing airbnb. they are suing us. they are the only home sharing company to do that. stuart: what are they suing you for? >> they are saying we are trying to force them to -- frankly, i have no idea what they are suing us for. i'm a lawyer, i was a prosecutor. i think it's a meritless suit. at the end of the day they want to do something the law forbids. that's not a responsible corporate citizen.

stuart: where do things stand right now? you are in court and you don't want them in these residential areas. state of play right now? >> well, when we find out about it, we go there and ask people what they're doing. if they are an airbnb, if there is any home sharing, if they are commercial tenants, we ask them to leave. by the way, you can rent six months or longer anywhere. that's not the problem. it's these daily rentals, these overnight rentals, these weekend party rentals. so we ask them to leave and you know, we follow the law, obviously, and our code inspectors are very polite. we are protecting our residents. everyone should have a right to do that. stuart: your honor, i think that's a correct form of address -- >> you can call me dan. stuart: all right, dan. i'm very much on your side. >> only my wife calls me mayor. stuart: i'm very much on your side. we appreciate you being with us today. interesting stuff. >> thank you all very much. stuart: okay. look, you better check that big board. we are about to get the tape of what the president has been saying as he left the white

house on his way to mar-a-lago. as we get to that tape, i will tell you right now, we are down 270. >> i have no idea about the mueller report. i'm going to florida. we have meetings with the five caribbean leaders. it will be at mar-a-lago. we have a lot of other meetings set up for this weekend on trade. we have a lot of talks with china. and a lot of things are happening. we'll be doing it from florida and lot of very important things are happening. [ inaudible question ] reporter: you said democrats are anti-israel, anti-jewish. they're not attending the conference next week. you're not going as well. >> the democrats have proven to be anti-israel. there's no question about that. it's a disgrace. i don't know what's happened to them but they are totally anti-israel. frankly, i think they are anti-jewish.

[ inaudible question ] >> we are being very, very strong on the border. the number's enormous of people that we have captured, people we have apprehended, but we are going to take care of it. we are being very, very tough at the border. reporter: [inaudible]. >> just continuation of the same witch-hunt. they know it and behind closed doors, they laugh at it. it is just a continuation of the same nonsense. everybody knows, they ought to go to work, get infrastructure done, and get a lot of other things done instead of wasting everybody's time. reporter: [inaudible]. >> i can't hear you. reporter: [inaudible]. >> i know nothing about it. i never heard that. i never heard about that.

reporter: robert mueller presiding over a hoax, do you think robert mueller is personally dishonest? >> we'll see what happens. it will be very interesting. we'll see what happens. there was no collusion. there was no obstruction. everybody knows it. it is all a big hoax. i call it the witch-hunt. it is all a big hoax. we'll see what happens. i know the attorney general, highly respected. ultimately make a decision. reporter: [inaudible]. >> there won't be if there is only plays to our advantage. [shouting questions] stuart: uncare i cannily short q&a from president trump and media. meanwhile the dow industrials are now down 280 points. this is a major drop for the big board. and i think i know why. we got a report on the manufacturing sector. that the reading on the manufacturing index has dropped to a 21-month low.

at same time, europe, manufacture something falling out of bed over. there. as that happens, interest rates are really tumbling. the yield, i should say on the 10-year treasury is 2.44%. this goes back to this inverted yield curve thing. you get more money investing with the government for three months than you do for 10 years. that is often a signal that a recession ising. down go the dow industrials off 250 points. we're pursuing this obviously. we have important number for existing home sales. do we have it? ashley: we do, 5.15 million on annualized basis. that is better than the estimate. brings home the point freddie mac believes the housing market is falling out. steady decline in mortgage rates, decreasing inventory. you have a brighter news on existing home sales. it is very important number.

stuart: selling at annual rate of five 1/2 million. ashley: 8%, month to month. stuart: pretty strong report i have to say. that helped the dow industrials. we're still down 250. 10:00 eastern time, breaking news coming to us from general motors. jeff flock, tell us all about it, please, sir. >> we are here at the assembly plant, stuart. gm is announcing as we seek, take a electric vehicle they would build in china, instead bring it here to the u.s. to this plant. costs investment of $300 million and create 400 new jobs. the obvious question is, is this in response to all this transpired from the president by means of tweet and criticism to gm this week? we put that question directly to mary barra. also asked her, what she thinks about the president's tweets. here is what she had to say. >> complex to do everything,

make announcement. get everybody aligned, significant for the community, the state. this is something that is been planned for a while. reporter: bloomberg wrote it up you're throwing the president a bone. is that true? >> when we talk about jobs, investing in the u.s. workforce, american worker that and general motors are very aligned. we want to create jobs, good pay paying jobs. investing in the future with all new electric vehicle. reporter: pursuant to that you had to make a tough decision when it came to lords down and other plants you allocated that is the kind of decisions maybe didn't get made as well in the past. here you get criticized for it. doesn't seem fair in some way? >> it is always different result when you're impacting a plan because you're impacting the workforce there, you're

impacting the communities but we do have to make tough decisions. it is market realities. people are shifting away from small cars. so we've got to make those decisions so we can maintain jobs we have in this country, can continue to create more. but i understand it is tough. we're spoke discussed on every single employee that we have. you know, the workforce that we have at lordstown, we want everyone of them to stay part of the gm team. we had 500 employees move to other locations. we'll have other opportunities including some in ohio. we'll continue to focus on that. and but i understand it's a difficult message. reporter: president says, put a new car in there or sell it. is that a feasible solution? >> well the lordstown plant was specifically designed to build small cars so it makes it very difficult to put another product but we will continue to investigate any opportunity that comes up. we'll continue to work with the stakeholders in the community because we want to do the right thing for the community. we've got to make sure it will

be a sustainable business. because the worst thing would be to do something isn't a sustainable business then people find themselves in difficult decision all over again. reporter: making the chevy blazer in mexico. the president saving why don't you bring that one to lordstown? >> we have to understand half of the components on the blazer and all of the power trains are built in the u.s. there are significant number of u.s. jobs that go to that product. i think what is really important to understand, is we move ad product, just about a year-and-a-half ago, we moved the cadillac st-5 to the united states. its predecessor was in mexico. that was a move, product that we moved here that has potentially higher volumes. you have got to look at it as a system. reporter: do you worry, much less the general public, much less the president doesn't understand the complexity of the auto industry? don't want to put you on the spot in terms of critical, but

very complex business that you run? >> a auto company is a complex business. i take responsibility we do a better job make sure people understand the long lead of our business, complex supply chain. the most important thing we are committed to the united states, make, there is no doubt about that and we're committed not only maintaining the jobs we have here, but growing them. i think that is very important because the auto industry provides very good-paying jobs. reporter: lastly on the subject of electric vehicles, people say, electric vehicles they will never fly. what is the thing makes you confident going forward in the future this is where the jobs lie, building of electric vehicles? >> we believe in all electric vehicle. i'm excited to talk about the new chevrolet electric vehicle we build in the plant inaddition to the bolt ev. to let people experience electric vehicles. people who drive the chevrolet bolt or previous, chevrolet volt, are some of our most

satisfied customers. they love their vehicles. we have to get people to have that experience. make sure we have the right range. make sure we have charging infrastructure. that is why we partnered with three other companies on that. as we customer pain points related to ev i definitely think they're in the future. reporter: can you tell me anything about the new vehicle? it is a chevrolet. >> it's a chevrolet. reporter: big, little? >> i can't tell you anymore beyond that we'll reveal it in the not-too-distant future receipt now we're focused on the orion plant and strong workforce. reporter: thank you very much. if she is angry at mr. trump she didn't let on. she is live behind me if you can see her. stuart: thanks, jeff. $300 million. 400 jobs go to lech i can trick vehicle production in mesh

chan -- electric vehicles. the u.s. treasury department issued new sanctions on iran. susan: the u.s. is targeting 14 individuals, seven entities regarding weapons of mass destruction. organization an research and government bodies being sanctioned from iran. the u.s. official says that they hope that the latest round of sanctions makes it more difficult for them to attract researchers to build their nuclear program which they say is not for civilian use. they're hoping that this will pressure iran to return to the negotiating table in, hopes of a new nuclear weapons program end. stuart: let's see about that. thank you, suzanne. we have downside move 1/2 from the dow industrials. off 200 points. almost 1% down. check big tech stocks. had a wonderful run, most of them recently. apple up a bit more. amazon down 18.

facebook at 166. pretty good. alphabet, microsoft both on the downside. levi's, bring you up to speed on that. went public yesterday. debuted for the first time. went out at $17 a share. this morning one day later it is at 22.94 those home sale numbers, existing homes, 5.51 million homes sold on annualized basis. that is the rate we hit in february. fairly strong. jason rotman, who is with us now, market guy, jason does this have any impact on overall stock market, fairly strong existing home sales number? >> sure. absolutely. like i said recently the market is now, stuart, back to almost normal mode. china trade deal notwithstanding the market will look at basic economic numbers from our government. gdp, monthly payrolls, housing

starts, new home sales, et cetera, et cetera. the fact that we're getting a little bit of a tailwind today from the housing number i think is a good thing. the market kill look at this. will it cause 300 point reversal today? probably not. you have some other fundamental factors at play. it is good news. stuart: let me try to explain it. you getter better interest rate return on three-month bill than a 10-year bond whatever it is called. get more money for three months than 10-year. traditionally that indicator recession is coming s that why the dow is down 200? >> yeah, how that works interest rates are certain level here. you will get this level for the next two months or two years but what the market is saying interest rates will have to come down over the long term because of some predicted forecasted economic weakness. that is the mechanics of that, for anybody that is interested. we have seen this before.

it hasn't quite caused a major downturn. listen with the new fed chairman, even if he is has been around for a year, the market is still trying to figure out what he's thinking but the reality is the economy is actually strong. so i do not see a big drop. what i do see is sideways market and stock picking will save the day. i always said this year. stuart: we got nike's stock on the screen at the moment. it is down 4 1/2%. that is quite a drop. is this -- >> it is. stuart: north american sales were a little weaker than analysts were expecting. is this a case of the analysts expectations disappointing? you sell because they didn't quite hit the expectation? is that what is going on here? >> absolutely. i mean, listen, nike, when we look at stocks and companies we have to imitate some of the best investors in the world. i'm thinking warren buffett. warren buffett looks at moats. nike has one of the brand moats out of any consumer brand company in the world this is

emotional market. free market. things will go up, 2, 3, 4, 5%. doesn't say much about the underlying business. analysts are wrong, 79% of the time by sometimes small, medium large factor. i wouldn't get too out of shape. stuart: i want to bring up iridium. satellite communications company. you recommended it 10 months ago, since then it doubled. >> just about. stuart: take a victory lap. tell me why you're so successful with iridium. >> i'm a such a fan. i owned it at 12, $13. it hit 27 yesterday. it has 3 billion-dollar market cap. i think it goes to 10 billion next few years. the largest customer is the government. number two only satellite company on planet it have the technology to track unfortunate boeing crashes.

was subsidiary of iridium. nobody can touch their technology. stuart: we hear you on the stock pick. jason rotman, thank you, sir. newark, new jersey, considering a universal basic income stream. the mayor wants to give rest den a check every month. andy puzder coming up. he says that is bad plan. he has an alternative he thinks lifts people out of poverty. he is on the show. canceling all the orders for the 737 max jet. "the new york times" says the jets that crashed didn't have a key safety sensor boeing was charging extra to activate it. the stock is down to 366. more on that, coming up. president trump taking on the student debt crisis. he wants college to have skin in the game. share some of the financial risk of the debt if students cannot get a debt to pay the job off. i want to know how that is going to work.

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stuart: still down over 200 points. movements in the interest rate market suggest a slowdown in the economy. that is what is hurting the dow. check papa john's, pizza guys, nice gain after they announced

shaquille o'neal will join the board. up over 4% on the news. how about this? you a fan of microsoft xbox, gaming console? well, no more disks. no more physical disks sticking in there, is that right? susan: sticking in there, right. so that is going to be gone on may the 7th, when the a new disk-less xbox 1-s launches. you can still plug in the games. obviously this has preinstalled games as well which is different. they're going to a streaming gaming service as well, which is future since we had google launching stadia this week. one game, one year, old ghoul to have gaming disks that you slot in, that is 60 bucks. it is expensive, where it is cheaper if you download it. stuart: susan, i think you're

picking up on beto o'rourke. you're speaking to -- >> i'm a hands communicator. stuart: you are, hands communicator. susan: i am. stuart: two major distributors, beer companies in a war, miller coarse suing anheuser-busch. this is all about -- ashley: i have hand signals for you, stu. listen, miller coors is upset with bud light, they continue, you use corn syrup. we don't. the point they use corn syrup, but it disappears in the fermentation process, doesn't come out in the final product. it has gotten ugly. you believe it's a pr stunt. stuart: i think it's a marketing stunt. ashley: to your point beer sales have been dropping even among craft breweries now are seeing decline over last two years. i read this stat. there were more than 7,000 licensed breweries in the united states. more added every day. the problem that the sales for

beer across the board now are starting to drop a little. millenials kind of like their spirits. they like harder liquor. not so much the beer. stuart: okay. ashley: yes, there is stiff competition for beer makers these days. they're not happy. stuart: okay. i think it is marketing ploy myself. we're coming back a little bit. the dow is no longer down 240. it is down 190. we're seeing significant swings, yesterday, we're up 200. now we're down 200. it's a big day for your money. of course, we are all over it. as we like to say. all over it. hand action required. susan: terrible. ♪

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stuart: down 170 now. coming back to the tune of 60 points we're still down 2/3 of 1%. there are two hits on boeing. a airline from indonesia canceled a whole bunch of orders from 737 max jets. second, "the new york times" says both of the planes that crashed lacked a safety feature. but, susan, as i understand it, you have to pay extra for the -- susan: pay extra. buying a plane of list price $200 million, kind of a car you can outfit anyway you like, interior, features you have to pay for that include safety features. two of them are not mandated by federal authorities. the planes don't by law actually have to have these safety features installed. one of them is called the angle of attack indicator. that displays the reads of the two sensors, because those sensors is probably the big

question in these two crashes, how it plays into the autopilot and anti-stall system. the other future called a disagree light. which is activated if the censors are at odds with one another. so, they're going to provide this, disagree lights will be inclusive in all 737 maxes going forward. you still have to pay extra if you want angle of attack indicator to see what the sensors are reading. stuart: that is quite a problem for dow industrials, boeing is a dow stock. it is down five bucks. that is not helping the dow industrials at all. we're also getting reports that tesla joined apple in their trade secret lawsuits against a chinese company. now i don't know this story. what about it? susan: there are a lot of coindenses of in this story. tesla accused a former engineer stealing autopilot information before bolting to a chinese company that is making autonomous cars as well.

it is interesting, earlier an apple employee was accused same thing going to the same company. this apple employee was arrested at san jose airport before he took off to china. so it looks like in this case, expung, engineer from tesla and apple trying to steal autonomous driving secrets. stuart: not stopping apple. moving up to 196. tesla down nearly five bucks. okay. cvs getting into the cannabis business, sort of. it will start selling cbd products. that is the oil. doesn't get high. will sell the products in 800 stores. remember, please, bd does not get high. supposed to relax but doesn't get high. is that right? susan: yes. stuart: president says time the u.s. starts recognizing israel's sovereignty over the golan heights.

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on monday. dow industrials down 239 points, sports fans. we got a problem with interest rates. more money back after, for three months than 10 years. not a good sign. look at this, tiffany, they report a 1% drop in sales in the holiday quarter of all things. a lack of chinese buyers we are told. tiffany was down. now it is up two bucks. 102. interesting news from vcs. they plan to sell cbd products in their stores. okay, cbd, i don't know the proper word, oil from cannabis, doesn't get high. look who is here. ricardo barker, this man, current title of ceo of grasslands. that is not important. you are the marijuana reporter par excellence, aren't you? >> i was. first marijuana editor at a mainstream news organization.

stuart: what a guy. >> great job. stuart: cbd, seems to be just going mainstream very quickly. >> without a doubt. to answer your question earlier, cbs stands for canabadial. it is a a can can canaboid. cbd landed at cvs. stuart: it is mayor one by-product but you can sell it in states where marijuana remains illegal. is that correct? >> this ties back to the december passage of the 2018 farm bill. once that passed legalized industrial hemp as well as many derivatives, including cbd. stuart: this administration legalized the, that side of the marijuana business? >> absolutely. yeah. technically it is that side of the cannabis business. marijuana is thc. hemp is more cbd. but yeah.

stuart: hemp is cbd. marijuana is thc, have i got that right? >> exactly. stuart: what does this cbd do for you? >> cbd has a lot of health and wellness benefits. stuart: does it really? >> it does. published in the "new england journal of medicine" in 2016 actually showed us this has significant anti-seizure properties. so you hear about these children and adults suffering from intractable epilepsy. this helps many of them. not all of them but many of them. stuart: you're very much advocate of cbd, marijuana, thc, you're gung-ho for the whole lot? >> i think we've been lied to about both of these substances marijuana and hemp more than 80 years. time to talk from a fact, science-based perspective. i'm very much advocate of the truth. getting back against the prohibitionist propaganda. stuart: stuart: propaganda, that pandora's box opened right

there. there is study came out in 2014, shows states where marijuana was legal had a 25% lower rate of opioid deaths. so are you saying that thc, cannabis, whatever you want to call it, marijuana, that is part of the answer to the opioid crisis, are you saying that? >> this is fascinating. there are a number of studies showing less opioid use, addiction of deaths in states with legal can that is b. cannabis is effective painkiller when it comes to certain types of chronic pain. i gave a ted talk on this last year. bleeding edge research but we're getting there. there are researchers out of columbia university as well as national academies of science, engineering and medicine doing this very important research. this could really cut down on opioid use. cannabis won't be a painkiller opioids are, but could cut down

the amount of opioids, cutting into potential for less addiction. stuart: opioids clearly addictive, no question about it. i see ads around new york city, come in we'll treat you for marijuana addiction is marijuana addictive. >> 8% of adults who come in contact with cannabis, result with dependence that such higher for cigarettes, alcohol. cannabis addiction is very real thing. not just as addictive substance as other he can creational substances. stuart: if you smoke a joint on friday night, saturday night, lay off on sunday. >> no you're an addict if you develop a certain dependence to it. stuart: define dependence? >> i guess it's a physical addiction. stuart: really? >> yeah, yeah. stuart: that is not what i hear. i take it that if you are the

cannabis reporter for "the denver post," and you were, you are getting stoned quite often? >> i was more a cannabis editor. i hired pot critics to dot hard work, the heavy lifting. stuart: you mean to tell me that you were the cannabis reporter to "the denver post" you never got stoned. >> i did. on a regular basis. i don't smoke. i only eat edibles. stuart: really? i'm toiled 40% of the thc sold in colorado is edible form, that accurate? >> probably somewhere around there. the fast teft growing sector of any legal cannabis market whether we're talking about california or massachusetts is concentrates. the marijuana bud from the 1970s but it is number one because concentrates are so simple and convenient. stuart: fascinating. you know, if you're not careful you will be back on this program. >> i look forward to it. stuart: wait to see what our viewers have to say. it may or may not be positive.

s i don't know. ricardo, thanks for joining us. >> thank you. stuart: let's get more serious. president trump wants u.s. to recognize formally israel's sovereignty over the golan heights. didn't take long for some democrats to slam him. check out the tweet from tulsi gabbard, 2020 candidate. trump and netanyahu putting their own political interests ahead of the interests of our respective countries. will escalate tensions and likelihood of war between israel, u.s., syria, iran and russia. shortsighted is the way she ends that tweet. tammy bruce back with us, independent women's voice president and fox news contributor. >> good morning. stuart: your reaction first of all to israel's sovereignty over golan and secondly to tulsi gabbard's tweet? >> i think this has been a information as has the embassy in jerusalem for decades effectively and the president is, with our relationship with israel that is something important to israel and it is

reasonable. considering already the condition in the area with yemen, situation with iran and iraq and saudi arabia, the tensions are already there. i think that the world for a while, israel is always having to prepare for war. i think this element that allows everyone to get their ducks in a row, have a certain level of security and a boundary for israel that makes all the sense in the world. stuart: you have got to control the golan heights to secure israel. >> that is always the case and we've known it. that not being dealt with and finalized embassy in jerusalem has been a very strange turn of events here. the president clearly loves israel as america does. americans understand it, that the need for security there. and golan heights is key to that. so congratulations to the president and to everyone, frankly who loves peace in the region and security of israel. stuart: i will stay on the subject. they will put six democrat presidential candidates on the screen. all six, are going to skip aipac

meeting this year. this is what president trump said about them. roll tape. >> democrats have very much proven to be anti-israel, there is no question about that it is a disgrace. i don't know what happened to them but they are totally anti-israel. frankly i think they're anti-jewish. stuart: what do you have to say to that? >> this has to send a message to most people if they thought that ilhan omar is example was outlier, not representation of this growing sentiment in the democratic party. at the same time democratic leadership will be at the meeting like nancy pelosi will be there. there will be democratic party representation there. almost like they're trying to play both ends but who in this nation really wants people to be playing both ends when it comes to the jewish people? and this is, you know -- stuart: is there room in the democrat party for the majority of jewish voters and they do

vote for democrats? >> sure. stuart: and what is going on with not going to aipac? is there room in the party for those? >> i think we're finding out who survives this campaign season that will be, that is what is important about the primaries having these arguments. the americans who happen to be jewish you can absolutely not agree with actions with israel or think our foreign policy should be different, but what is happening rhetorically in the democratic party is very different from that. so to then not go to this conference this, summit, sends a very different message, and americans of all stripes, you don't need to be jewish to not like what is going on. stuart: tammy, welcome back to the program. >> thank you. stuart: uh-oh. yeah. the brexit date has been pushed back again. not going to be march 29. when is it? ashley: this is 1002 days since the vote. i lived everyone of them. if they pass a deal this week

which has been thrown out twice heavily, get until may 22nd to go over details. if it fails again, expected to do, the brits have until april 1th to come up with some other plan. behind the door at number 10 downing street a lot of panic going on. they're not sure how to get on out this. stuart: chaos and panic. ouch. ashley: yep. stuart: elon musk's spacex, not just about launching satellites. they're also out with a plan to shuttle travelers across the atlantic, new york to london in say 30 minutes? how about that? we'll tell you all about it. andy puzder says forget all the calls for the universal basic income. he thinks the best way to lift people out of poverty is the earned income tax credit? what? i will take him up on that one because that is just plain wrong. andy, i hope you're watching because you're wrong. ♪

ashley: miami beach mayor says causing a lot of problems for miami residents home sharing services following the law. watch this. >> we have a lot of residents purchased their homes assuming they would be in residential

community. what airbnb does, areas where we outlawed home sharing and commercial tenancy, they essentially go around that, they have become a commercial tenancy in area that is residential. you don't know who the neighbors are. people coming for big parties. lloyd at night. they wander around. we ought loud that. other home sharing platforms, abide by that. don't allow home sharing where it is prohibited by law. can we talk?

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stuart: dow industrials this friday morningdown over 200 points. we'll tell you about that a little bit later. first of all, bring susan back here. elon musk's spacex claims they can bet me, if i wanted to, to london real fast. i don't but tell me more. susan: point to point rocket travel. using rocket ships including elon musk's and spacex's starship. under 30 minutes new york to london. under an hour say from new york to cydey, -- sydney, another ciy you travel to. stuart: when do we see this? susan: 2030. could be lucrative. $20 billion a year according to ubs according to rocket travel. ashley: we'll be wheeling stu on. stuart: you know what i'm

laughing at? you think i'm living for another 11 years? doing this job? you don't know the stress. beto, you don't know the stress. susan: hand talker. stuart: hand talker. get back to this. the mayor of newark, new jersey want as universal basic income scheme, write him a check every month. my next guest says that is not the answer to get people out of poverty. oh, no, he prefers the earned income tax credit. can you believe that? unbelievable. andy pus der, author of capitalist comeback. for the start, the earned income tax credit is the most corrupt of any federal program, period, ain't that right. >> it needs to be revised, needs to be improved and protected against fraud. the program lifted 6 million people out of poverty, including 3 million children. it improved financial situation for additional 19 million. 17 million were children. it encourages work.

is it doesn't discourage work. stuart: are you kidding me? >> i'm not. stuart: wait a second, wait a second. here is how it works, okay? you don't pay any income tax. but, got a spouse and couple kids. you make very little money. this is negative income tax. so you tell, you say to the treasury, look i'm poor, i haven't paid any tax, give me a tax credit. in other words, give me a check. every year, these checks go out from the treasury, to millions of people. you don't have to do anything. meanwhile, you're actually working off the books for cash at another job. really screwing the system. leaving aside people working at sort of a black jocks market, leave that -- black jobs market, leave that for a moment. i got impressed by the earned income tax credit, when the minimum wage went up to $10 in california, i used to meet with the general managers for carl's,

jr., at one meeting in l.a., guys, what is the biggest problem you're facing? the biggest problem we can't get people to work full time. we can't get people to put hours in. why not? minimum wage went up to $10 an hour, people wanting to work more. the answer was no, if they work more they lose their medicare benefits, they lose section 8 housing, lose snap benefits. with the earned income tax credit that doesn't happen. as you earn more money, as you earn more you don't take home less. what happens with the, welfare system we have now, if you earn more, there is welfare cliff. all of sudden you earned more. you have accepted a promotion but you make less money. with the earned income tax credit, as you earn more, you get less of a federal benefit until you don't get any federal benefit but you always take home more when you earn more. that encourages people to take entry level jobs. only way you ever get on the ladder of opportunity is taking an entry level job.

you have to have the first job before you get a second job. i think this encourages that. it needs to be improved. you're not wrong about that. there is corruption. stuart: you really become a hand talker. >> i have. i've been watching all the presidential candidates. you know, they seem so much more impressive when they do it. don't they? stuart: stay there. i have more. president trump not shying away from talking about the mueller report. the buzz is it could be released literally at anytime. he is not worried. tell you all about it after this. ♪

stuart: this is the low of the day. back to 25,600. next case, the long-awaited mueller report, it could come out literally at anytime. here is what the president said about it just moments ago. roll tape. >> just a continuation of the same witch-hunt. they know it and behind closed doors they laugh at it. it is just a continuation of the same nonsense.

stuart: i want to bring andy puzder to deal with this one. the president has been calling this a witch-hunt for a long time. you don't think there is anything he should be worried about? >> i don't believe the president did anything. he is very patriotic american. the idea he would conspire with the russians to win an election is absurd to me. secondly, if i was robert mueller i would come out with a report to criticize the president, claim he did something wrong, first thing i do bring pro-trump supporters on my team. you want the report to have credibility. if it all hillary supporters it doesn't have credibility. his team is made up of hillary supporters. if it was me i would have hillary supporters if i come out with a report that supported the president, so i could say to the democrat, i got a team of hillary reporters we all came to the same conclusion. i think factually and my distorted logic how i would do it, chose the president has nothing to worry about. stuart: two years in, there has

been no leak, certainly no leak of anything substantive that could be impeachable. if there was something there, it would have been leaked. >> if there were something there we would know about it and we don't. stuart: okay. >> i feel good about it. i think president is right. i don't think there is anything to worry about. stuart: i wonder what reaction will be if there is nothing in there about impeachable offense or any kind of collusion, if there is nothing in there, what is the public's reaction going to be? >> you don't think democrats, you don't think the democrats might overreact to that, do you? stuart: overreact in what way? >> to the fact he is exonerated? stuart: guarranty you, there is always more questions. we have more questions about. i'm sorry we got to get at bottom of this. we haven't got to the bottom of night they're already doing that. stuart: hand talker, thank you very much indeed. >> i did it less that time. i was trying to hold it down. stuart: you did all right. >> thank you, stuart. stuart: alexandria ocasio-cortez on the cover of "time" magazine. she says the green new deal is not about cutting back, not about sacrifice, oh, no.

she says it is all about being able to generate more. i think she is dead wrong. my take on that next. ♪ (bird chirping)

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

stuart: once again, alexandria ocasio-cortez gets it wrong. i know you may think we give her too much attention, but she leads the democrats on so many key issues that whatever she says is indeed news, and it's important. i'm not sure if the media is using her, or she is using the media, but either way, she's everywhere. did you know she's going to be, she is on the cover of "time" magazine. she is. and she tells "time" she is now so famous she can't go out in public. quote, i miss being able to go outside in sweats. that's what she just said. let me backtrack to where she gets things wrong and this is important because she's wrong about her most important policy statement, green new deal. she says the green new deal is not about cutting back, it's not about sacrifice. no, she says, it's expansive. it's about being able to

generate more, direct quote, that's what she says. this is where she is totally wrong. you don't grow the economy with massive tax increases, intense regulation of all industries, the renovation of every building in the country and government control of the economy. that is not liberation. that is not expansion. that is suppression. it's socialism married to radical environmentalism. not good. some democrats are beginning to realize that the green new deal is a recipe for economic disaster. that's why aoc is shifting her ground, trying to make it more appealing to young people who want prosperity, not sacrifice. good luck with that. sunlight is the best disinfectant and the sunlight of the media spotlight is now shining on aoc. the third hour of "varney & company" about to begin.

stuart: ashley, you heard what i've got to say about aoc. do you think we give her too much attention? ashley: probably not. obviously, i don't think what she says has any particular -- it's nonsenseical at times, this green new deal. but i don't think i have ever seen anyone quite take the media by storm as this person. i think time is right to put her on the front page, whether you like her or not. she has been front and center for so many things. she does appeal to a generation. she knows how to use the camera. she knows how it works. she came from absolutely nowhere. that's a great american story. however, when it comes to actually digging down into what she's saying, again, nonsense. this green new deal would blow apart this economy. it's not feasible. what's interesting is how it's impacting the democrat party. the older part of the party looks at her and goes wow, i may

not agree but if i don't agree, am i going to lose support because she's generating so much interest. this is the age of social media and that has helped her as well. the question is, will her bright light burn out any time soon. i'm not sure. possibly. stuart: i think she's a bubble. i think she bursts, that bubble bursts when people get a close look at what she is proposing. ashley: yes. once you start putting dollars and cents to things, telling people how it's going to affect their daily life, then it's not so great. stuart: all right. i think we better check the big board. this now is a new low for the day. look at it, down nearly 300 points. stick around for another 30 seconds, it will be down 300 points, well over 1%. the dow is now back of course at 25,600. next, listen to what the president said earlier on "mornings with maria" slamming the federal reserve again. roll tape. >> look, i hope i didn't influence frankly, but it doesn't matter. i don't care if i influenced or not.

one thing i was right, but we would have been over 4 if they didn't do all of the interest rate hikes and they tightened. i mean, they did $50 billion a month. i said what are we doing here. stuart: the president said look, we would have 4% growth last year if it wasn't for the federal reserve. now, does the president have a point on that one, ash? ashley: well, you could argue that the signs were there that they didn't need to start cutting rates. they didn't need to be tightening. but at the same time, we were talking about a booming economy. they were concerned about inflation getting above 2% and they wanted to get back to what so-called normal is and therefore, they were raising rates. obviously, now in reflection, we can see the slowdown. now they have gone completely 180 and become very dovish. would we have reached 4%? i'm not so sure. stuart: i have the feeling we are going to be cutting interest rates. gary kaltbaum on this program yesterday said mark my words, the fed's next move will be to

cut interest rates. ashley: i think the manufacturing number today shows that there is definitely a slowdown coming. stuart: all around the world it's slowing down. quite drastically, actually. that's why we have the dow at this moment down over 300 points. this is a selloff on this friday morning. couple more headlines for you. i hate to go back to this but i have got to. brexit. the european union told britain's prime minister theresa may that brexit can be delayed to strike a better deal. parliament already overwhelmingly slammed and struck down may's deal twice. a vote next week could determine whether the exit date is april 12th or may 22nd. ashley: or never. stuart: right. the prevailing feeling in britain is leave, already. just do it as nike would say. next one. president trump will host israel's prime minister, benjamin netanyahu, early next week at the white house. the president just endorsed

israel's sovereignty of the widely disputed golan heights. big policy shift for america. the region was recognized for decades as part of syria. the president wants to change that. staying on israel, the six democrat presidential candidates on your screen right now will be skipping the annual american-israel public affairs conference next week. i think it's next week. sanders, harris, warren, o'rourke, buttigieg and castro. they ditch the conference because of partisan lobbying efforts. that's an interesting split in the democrat party between jewish voters and maybe those who are anti-israel. ashley: right. stuart: interesting stuff. then kirstjen nielsen visiting the southern border. she says yes, it is a border crisis and it's going to get worse. we are talking to the border patrol council this hour about that. president trump signed an executive order on free speech

on campuses but he also wants help for the student loan crisis and he wants colleges to be at least partially on the hook as well. we are talking to a harvard professor, next. your daily dashboard from fidelity. a visual snapshot of your investments. key portfolio events. all in one place. because when it's decision time... you need decision tech. only from fidelity. you need decision tech. if ywhen you brush or floss, you don't have to choose between healthy gums and strong teeth. complete protection from parodontax has 8 designed benefits for healthy gums and strong teeth. complete protection from parodontax.

stuart: nike is the biggest

percentage loser of all the dow stocks. right now it is off 5.5%, $4 lower at $83. why? sales in north america just were not as strong as analysts had been hoping for. perhaps they are finally starting to see fallout from the kaepernick ad. not sure about that. but the stock is really down. we do have a related kaepernick story. the nfl shelled out less than $10 million to settle with him. he had sued claiming nfl owners conspired to keep him off the field after those kneeling protests. he wanted up to $90 million. he got 10 and has to split that with another player. didn't get what he wanted. now this. new insight on that bombshell college admissions scandal. with us now, todd rose, a harvard graduate school of education professor. professor, welcome to the program. great to have you with us, sir. >> thanks for having me. stuart: i know that you want to revamp the entire admissions process. can you synthesize it and give

me 30 seconds on how you are going to do it? >> first, look, i think this is a product of forcing everyone into single view of success. we are all making kids play to be the same as everyone else only slightly better, so as long as we are calling success s.a.t. scor scores, we are always going to get cheating, corruption and unhappy kids. stuart: what should we base admissions on? >> look, i think there are some short-term things we can do and long-term things. the short-term, if it were me, what i would do is say this. every college has to publish the standards they want to use to admit kids and then all kids that get past those standards go into a lottery. the reason i would do that is that number one, it would reduce the sort of incentive for corruption but frankly, it would actually expose just how talented our youth really are and how ridiculous it is that we allow colleges to fight to educate fewer and fewer kids. stuart: can i jump in for a

second? in my day, i went to a british university, the way to get in back in my day was you had to pass competitive examinations at the age of 17 or 18, then you had to be interviewed by the college of your choice and the interview counted for a lot. what's wrong with that system? >> look, it's not -- i think the biggest problem right now is that colleges are also part of a system where it's about raising money, and you get money by having more prestige and you get prestige by educating fewer kids. so there's really no incentive for colleges to make this shift. so from my perspective, the only way you are going to get change is it has to come on the demand side. stuart: okay. the other side of the coin here, i want to talk to you about the student loan problem. the president wants colleges themselves to have some as he says skin in the game when it comes to those loans. if your degree isn't getting you a job to pay back your loan, the colleges should hold some blame,

some financial responsibility. skin in the game. how do you see it? >> look, that's a no-brainer, right. i believe deeply in the idea of skin in the game and i think the lack of skin in the game on the part of colleges has allowed this runaway cost and it's gotten out of control. i will say, we want that skin in the game and we should move forward with it. we also want to be careful with the details so that we don't incentivize colleges to reduce loans and opportunities for poor kids, right. we can accomplish both but it doesn't start with expecting colleges to have skin in the game. stuart: professor, we appreciate you being with us today. thank you very much indeed. i'm sure we will get back to you and have a longer time frame for the interview. thank you, professor. >> sounds good. thank you. stuart: listen to this one. the "wall street journal" reports that president trump has offered a post at the federal reserve to steven moore. ashley: that's exactly the headline i just got. you just read it. interesting, steve moore was a friend of this show, we have had him on, he's a well-known economist. he founded the club for growth

back in 1999. he was a part of the trump campaign. i think this is an interesting tidbit that he was actually offered a spot at the fed. stuart: he was the guy on this program frequently when we were talking about upcoming tax cuts, he was saying you'll get 4% growth, 5% growth. ashley: i remember that very well. stuart: now we have had president trump this morning actually saying we would have had 4% growth if it wasn't for the federal reserve. now he talks about maybe put stephen moore in the fed. interesting. the big day, not quite the low of the day at the moment. ashley: we were down 300 just a few minutes ago. we have had a very disappointing manufacturing number, 21-month low. we had a decent, okay housing number but we also heard early in the day that europe is really starting to go backwards. germany in particular, very, very weak manufacturing. it's all part of this global slowdown. i think the signals are there

that this economy, too, is showing signs of slowing down a little bit. stuart: still at 25,600, though. that's where we are. this is something completely different. look at this. 7-eleven has opened its first sit-down restaurant. you can even sit there and have a glass of wine. we will tell you where it is in just a moment. chester a. arthur's former home in the hamptons up for sale. how much would you pay to live in the white house in the hampto hamptons? we will tell you what it costs. check this out. oh, that is a live shot -- we just lost it. we just lost it. we've got a live shot of the space walk that is happening right now on the international space station. what a shame the shot went down. that is live television. that's live television. we'll be right back. this isn't just any moving day.

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you can order tacos, smoothies and yes, there is a wine corner called the cellar. it's in dallas, texas. let's get to real estate. president chester arthur's former hamptons hideaway up for sale. six beds, five baths, doable at $13.5 million. ashley: what? stuart: don't worry. everything is 21st century fitted, including a modern kitchen, pool and wine cellar if the 7-eleven wine cellar isn't enough for you. how about this. megamansion, and it is planned in montclair, new jersey. 60,000 feet. bigger than the white house. it's reportedly the brain child of a cybersecurity billionaire. no planned wine cellar so not as good as the 7-eleven but it has two elevators, bowling alley, et cetera. neighbors not happy, saying the project has already taken down two historic houses. 60,000 square feet. ashley: it's not you, is it? stuart: no, it's not me. look at that. down 285 on the big board.

ryan payne is with us. okay. the market's down because of interest rate movements, bad manufacturing report, europe slowing down. but you're still bullish. >> no surprise here, stuart. i'm still bullish because i think first and foremost, the one thing we have to get out of this week's data is interest rates are staying low. the fed is still going to be dovish on interest rates. not a big surprise. but that to me is a theme. stuart: i'm going to jump in here because what you've got now is the three-month treasury bill yields this and the ten-year yields this. whenever it gets like that, you've got a real problem. it sometimes indicates a recession. you're not worried about that? >> you hear about that a lot but sometimes when it happens it's still 12 months plus out if you ever do get a recession. that's notimmediate indicator. what you have to think about, you have this what i call magical economy. we have had it for the last

decade. by summer it will be the longest economic expansion we have ever had in the history of the country. it has to do with the fact that rates have been low and they continue to stay low but the economy keeps chugging along at a modest rate. you don't have overheating in the economy and that's what brought the economy down the last few times. the ebbitech bubble burst the a when the housing bubble burst in 2007-2008. stuart: a slowing economy doesn't necessarily translate into a lower stock market? >> no. because the market only cares if things are getting better. it's a slower economy but it's the normal type of growth we have had during this whole economic expansion. last year we had the tax reform and that really put steroids into the economy. that's why we had this higher number. that was artificial. now we are back to the normal we have had for the last decade. stuart: i should not be selling the stock that i own. >> you should be more bullish than ever. you heard it here first. stuart: more bullish than ever. are you flat out forecasting another leg up for the market? >> i think realistically, yes.

stuart: you are? >> yes. i put together -- stuart: great guns. really? go on. what's your clever thing? >> i call it the payne trade since my last name is payne, no pun intended. one clever thing a week. what you have to think about is this whole year, the market has been going up but investors have been selling stock. you have had $30 billion come out of u.s. equity funds for this year. what you have is everyone is bearish on the economy, bearish on the outlook right now. economists are bearish. i make the joke i trust my astrologist because we have been discounting how strong things are. the economy has been coming in better than expected for the most part. what's going to happen is all this cash on the sidelines is waiting for this big dip or this recession to hit and when it doesn't hit, market's going to keep climbing higher. eventually you have to capitulate on that cash, maybe less than 2%, get back in the market which ends up being a

move up at some point. stuart: you have this massive amount of cash on the side and sooner or later, it has to go into stocks. >> because the pain gets too great. stuart: the pain of not being in stocks gets too great. >> bingo. stuart: an interesting idea. come back in a couple months and see how it works out. thanks for joining us. >> thanks, stuart. stuart: good stuff. cord cutting anxiety. there is such a thing. people have too many streaming options, they don't know what to pay for. how to choose. what do you do? we have a company coming on the show later that helps you customize your service. ashley: good idea. stuart: i need it. facebook, another problem. this time employees had access to millions of user passwords. can they be trusted? i don't know about that. we've got the story for you. the dow is now down precisely 300.

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stuart: not quite the low of the day but certainly close. we are down 305 and almost all of the dow 30 are in the red. i just see six in the green. the rest, in the red.

look at financials. they are taking it on the chin today. ashley: big-time. stuart: goldman, morgan stanley, citigroup, wells fargo all down, in percentage terms, very significant drops. why? because of very low interest rates. can't make much money with a very low interest rate environment. next case, microsoft. they will no doubt -- will they? i don't know -- will they shake up the video game world because they are going to release a discless version of the x1 box console. so what, i'm inclined to ask. i want to bring in our game guy for this, blake harris, author of "console wars." >> thanks for having me. stuart: is that such a big deal? you don't put something physical into the box any longer. big deal? >> just in terms of price point, it's a big deal. that's a lot of manufacturing, a lot of r & d, they don't have to deal with that anymore. stuart: that's not what it's all about. surely it's all going digital, isn't it? >> that's a big part of it. we will get to it in a little

bit. yeah, it's about using their streaming service, subscription service. a big part of the appeal is to make a more cost-effective console, especially with all the other consoles coming out. stuart: it's not a revolution, is it? >> i think it's a step in the right direction. maybe long overdue. we got to applaud them for finally going discless. stuart: whatever you say. doesn't mean a thing to me. i could never put the thing in the right hole anyway. >> now it will be easier for you. stuart: passwords and heaven knows what else. it's a killer. it's a killer. you are talking about facebook. they allowed employees to see passwords of users. they can see them. you think that really is bad, don't you? >> yeah. well, you say you don't want to deal with passwords. stuart: i don't do facebook. >> 200 million to 600 million passwords are compromised, meaning they were revealed in plain text, available to over

20,000 engineers at the company. that's crazy. if this was a shipping company, say, that would be bad. but facebook's business is data and they don't take good care of their own data. you might think like that's crazy. i would say yes, that is crazy. stuart: it was in plain text. why wasn't it encrypted? >> because i mean, well, now it will be because they finally got caught. a lot of it has to do with facebook's ethos of openness and transparency which internally, that's an appeal that anybody of these 20,000 engineers can have access to anything. that is really typical of a lot of facebook scandals we are seeing, where we are assuming the best of intentions of everyone, there's no bad actors out there. if i wanted to check out what my ex-girlfriend was up to and had access to her password, you could just take it. i would say this is a very serious thing. it's a really scary thing. i would like to try to find the comedy and i'm still almost laughing from facebook's, you know, paint by the numbers mea

culpa. they say some user passwords may have been available. this is 200 million to 600 million. some? come on. stuart: there's another element of criticism here that they have failed to take down 1.5 million uploads of the new zealand shooting and they left the shooting on live for an hour. now, why couldn't they deal with that much faster? >> i think they actually were able to deal with it much faster but the question is why is it happening to begin with and why are they not catching it with their a.i. algorithms. the thing i was thinking about the other day, that movie "the running man." remember that, with arnold schwarzenegger? takes place in the future, actually takes place in 2019. it's a future where criminals are playing this gladiator style combat to basically get murdered in the most gory ways. it was a dystopian story and we understood that. nowadays you can just broadcast

your own sort of "running man" style thing. reason i was thinking about that, i like to think about arnold schwarzenegger movies from time to time but also the fact that back then in that movie, someone was accountable. the company that had the tv show was accountable. in this case, facebook is like hey, we are giving people these tools and they are doing with it -- stuart: look, i don't think they can stop something like that. artificial intelligence has not developed to the point where they can surveil two billion users on a second-to-second basis. haven't got it there yet. >> amazingly, they still seem to automatically censor so many other things that are nowhere near as bad. that's a story for another day. stuart: yes, it is. you will be back. blake, thank you very much indeed. much obliged to you. we told you yesterday about -- where are you? you're there. no, you're there. cord cutting anxiety. people just have too many streaming options, they don't know what to choose and how to choose it. they are getting stressed, so i am told. thankfully, we have got someone with a solution for you. look who's here.

virginia giuliano, ceo of cobble cord. i need help in this area. you tell me how i can get a package together the right streaming at the right price. go. >> this is really, i'm so happy you have me on here. the angst is real. people are really overwhelmed by all of this subscription options out there. we are here to tell them that we have been waiting for this. we saw this coming. we built a solution to help them navigate this. what cobblecord is, a free website and app that helps people cobble together streaming bundles. stuart: hold on. i come to cobblecord.com. >> we are also on app. stuart: it's free. and i tell you what i want to watch and my price situation. >> exactly. you answer just a few simple questions about what you like to watch, how you like to watch it, and what your monthly price range is. we have a patented system that

tells you which streaming services, both free and paid, you should cobble together. stuart: does it get me on to those streaming services? >> right now, there's a link to those streaming services. you still have to go out -- stuart: passwords? >> there are passwords involved. but this is the first step, stuart. this is really, you know, trying to help people get over their angst and figure out it's really not that hard. they have the power right now and we are there to help them. stuart: okay. wait a second. it's a free app. how do you make your money? >> right now, we send users to these streaming services so there's an affiliate -- stuart: you get in on the action? so if you direct me to a streaming service which is $10 a month, you get a piece of the $10 a month? >> we get something. yes. stuart: that's interesting. >> we also have advertising on our site because people are now

at the point of purchase and this is an important area for them to -- stuart: is this brand new, starting up now? >> we started actually in 2016. i saw this coming a mile away. i was on showtime network. i launched their streaming service. a light bulb went on and said you know what, we can't keep all of this straight. there was only a fraction of the streaming services available then. stuart: how are you doing? you have been in business two, three years. how are you doing? >> it was a startup so it's difficult to get the word out. that's why it's so important that i'm here to share with your viewers that there is an opportunity -- i see this as an opportunity. choice is good. stuart: i understand the opportunity. i want to make our viewers fully aware, full disclosure, you are the wife of our own charlie gasparino. >> hopefully they won't hold that against me. stuart: a very financial guy. you are a financial lady. i want to see you make a ton of money. ashley: god bless you. stuart: god bless you. thank you very much. we appreciate you being with us. thank you. >> my pleasure. stuart: now this.

setting up plans for an initial public offering, the ipo. you can buy shares if you want to. the "wall street journal" says it's preparing to go -- filing to go public as early as today. listed shares on the new york stock exchange in april. another big ipo, here it comes. bloomberg reports that uber has picked the new york exchange for its ipo. lyft is expected to file for its offering in april on the nasdaq. they are spreading it around. here come the ipos. levi's stock went public for the first time yesterday. opened at -- actually, it opened at $22. it's still at $22 right now in a very down market. wait a second. more news on stephen moore? ashley: from blake burman, who spoke just in the last few minutes with steve moore, who says he's talked to senior people at the white house about potentially being nominated to a spot on the fed. he says steve has not been formally offered the job yet but he says he would take it in a

quote, nanosecond and it would be an honor to help guide monetary policy. we should point out he had a co-authored op-ed in the "journal" last week titled the fed is a threat to growth. he was also a big part of the economic advising team during the campaign and was a big force behind the tax cuts. we know where steve moore is coming from. stuart: i can see why the president wants him on the fed. okay. low of the day, here we are, dow industrials at this moment are down over 340 points. 1.33%. that's quite a drop. president trump on his way to mar-a-lago right now. he has a meeting with leaders from five caribbean countries later on today. one of the big topics on the table is, of course, venezuela. kirstjen nielsen went to the southern border yesterday. she calls it a border crisis and says it's going to get worse. we are talking to the border patrol council next. the dow is down 342. i can't tell you who i am or what i witnessed,

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stuart: what's going on here? we are down 340 points for the dow, putting us back to 25,600. one word on this. interest rates. down, because economic activity around the world is clearly slowing, especially in europe

and also in the united states. we have this report this morning of manufacturing numbers? ashley: yes, hitting a 20-month low on the manufacturing side. the services side was a two-month low. but this low interest rate environment killing the financials today, among others. you look at the banks, they are down 2%, 3%, 4%, almost 5% today. that is a huge drag. stuart: one other item on interest rates. this. the so-called inverted yield curve. the yield on the three-month treasury is 2.43%. the yield on the ten-year treasury is 2.43% at the moment. when it's like that, bad news. back in a moment. say that ai wie future in the palm of our hands. that's great. but right now you've got your hands full with your global supply chain. okay, france wants 50,000 front fenders by friday. that's why you work with watson. i analyzed thousands of contracts and detected a discrepancy. it works with procurement systems you already use to help speed up distribution without slowing down your team. frank, tell fred full force on those french fenders. fine. fine. fantastic.

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stuart: top military officer joe dunford is going to meet with google. this gentleman is the chair of the joint chiefs of staff. he's holding a meeting with google officials. he says businesses like google's artificial intelligence venture in china give them, china, a military advantage and they use u.s. technology to do it. not good, he says. google says that what they're doing in china is all about education and research but when you bring in joe dunford, it's got to be serious. ashley: yes. stuart: the crisis on the border, homeland security chief kirstjen nielsen was there yesterday in mcallen, texas. she says the border is a meltdown situation. brandon judd, come back in. national border patrol council president. most people don't know what's going on there. the media does not cover it

properly. that's my opinion. you tell us what's happening. spell out this meltdown crisis. go ahead. >> it is a meltdown crisis. if you look at it, in my 21-year career, we have never faced anything like what we're facing right now. we are arresting more people than we have ever arrested before, and we are letting the vast majority of them go. that's the magnet that is drawing people here and inviting them to violate our u.s. immigration laws. look, if cartels and organized crime were part of the stock market, the stock market would be up right now. their profits are astronomical right now and that's why they're able to flood our system and force us to let these individuals go. stuart: i have been editorializing this week, stating my opinion, and my opinion is this crisis is the democrats' fault. i feel that they have done nothing on the border and tacitly invited in central america. i blame the democrats. i don't necessarily want you to

get political but what do you say? >> i think that's a very astute opinion. look, you've got the facts to back it up. if you look at this, this party has constantly said that we don't have an issue on the border, and when they say that, more people come across. then they will try to say it's a humanitarian crisis but all we have to do is go back to 2017, when we were at 45-year lows of illegal border crossing and let's look at now, and let's ask ourselves what changed in these countries, why are more people coming. the fact of the matter is, nothing changed in those countries. narcoterrorism isn't up, murders aren't up, and so you look at this and say okay, well, what is it that's drawing these people here. frankly, it's the politics here in the united states of doing nothing. of stymieing and trying to allow organized crime to dictate what our u.s. policies are. stuart: if there's one thing that you could do tomorrow

morning to fix this situation, what would it be? >> it would be hold everybody in custody pending their deportation or asylum hearing. look, we want legal immigration. we want to protect those that have a credible fear of going back to their country. but what we need to do is we need to hold them in custody, pending those proceedings. if we did that, illegal immigration would drop to next to nothing. stuart: there would be an immediate outcry that you are putting people in detention camps. you are keeping kids in detention camps. it would be immediate. >> oh, it would be immediate. we have already seen that. but the fact remains, do you want a broken system or do you want a reliable system that properly vets people to come here in the proper way. that's what i would want. stuart: personally, sir, i think the democrats want open borders but that's just my personal opinion. and a political opinion, at that. brandon, i like your smile when i said that. you are a good man. thanks very much for joining us, sir. we will have you back soon.

i really do want to hear precisely what is happening down there. thanks, brandon. president trump's going to sit down with leaders of five caribbean nations later on today. i think venezuela -- ashley: at mar-a-lago, by the way. stuart: venezuela is on the table. ashley: it most definitely is. he will meet with the bahamas, dominican republic, haiti, st. lucia and jamaica. these are the countries who are, if you like, on the u.s. side with regard to venezuela but there's a huge split in the caribbean about what they should do with maduro. there are others in the caribbean that relies heavily, on the way, on oil and gas from venezuela so there is that playing into it. president trump is trying to organize support for the western countries and what's going on. stuart: on that note, i'm reading a banner headline on the fox news channel. venezuela crisis escalates as maduro regime arrests opposition leader's top aides. that's an escalation. there you go. i'm sure that's on the table for the president this afternoon. ashley: also china. china has been flooding the caribbean with investments.

the trump administration is trying to counter what he calls predatory economic policies of china. stuart: okay. i want to check in now with general motors stock. our own jeff flock spoke with ceo mary barra last hour. she says all electric is the way of the future. their new michigan plant is ground zero for that. they are going to spend $300 million building an electric car factory in michigan, 400 jobs. as for the market, not quite the low of the day but pretty close. we are down 350 points. more on that in a moment. the robocalling problem. so bad, congress is getting involved. there's a bill coming and we have the details, next.

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stuart: definitely the low of the day, down almost 400 points. that's 1.5%. this is a down friday morning. now, we do have more breaking news on stephen moore and the federal reserve. ashley: blake burman has been busy this morning. apparently steve moore has been offered a post at the fed and he

accepted, we understand. but he has to get through the clearance process, as we know it's pretty extensive so nothing about this is final. if that goes through, with no hitches, steve moore will be nominated to the fed. by the way, there's another spot open that blake mentioned. the white house looking at other candidates. herman cain's name has come up quite frequently. stuart: wonder if either will still come on the show if they're on the federal reserve. ashley: i would hope so. stuart: i've got to get this in. very important story here. the epidemic of robocalls, everybody gets them. even the ceo of at & t got a robocall while he was speaking at a recent event. at & t and comcast and congress, they're working together to come up with a solution to this. jackie heinrich is with us from the fox news channel. what are they trying to do? >> they are trying to make it a punishable crime for the first time. the way the laws are now, the violators get slapped with a civil fine. basically they are building that into their business plan and preempting those fines, so this would change the law and

actually raise the possibility of jail time. they hope that would deter. it's such a big problem. nobody is safe from this. some of the most common scams target the elderly. there are health insurance scams, identity theft scams. it's the number one complaint to the fcc now. so really -- stuart: this assumes if you are going to put somebody in jail for this, it assumes you can locate them and catch them and try them. i'm not so sure you can do that. >> well, you know, what are you going to do if you do nothing? the way the law is right now, it's just not helping. there were 48 billion robocalls to mobile phones in 2018. 60% increase from last year. stuart: say that again. >> 48 billion robocalls in just the u.s. to cell phones, only. we are not even talking land lines. that was in one year. they predict that next year, it's going to be worse. so half the time your phone rings in 2019, the prediction is it will be a scam and 90% of the time, it will look like a familiar area code, what they call spoofing. they are trying to do something to change this.

stuart: 48 million. that's a problem, i would say. thank you very much for coming on the show. very short notice. we appreciate it. thank you very much indeed. check the market again. down not quite 400 points but that's a drop and a half, nearly 1.5% down, 375 points off. we'll be back with more. . .

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stuart: you just saw it now we're down 400 points. we kept on going down and down ever since. we're still falling. 404 points down. ashley: big selloff in the financials because of low interest rate environment. some weak data. started out of europe. weak manufacturing number here in the u.s. all of this adding to the impression that the global economy is slowing. we know that. now the u.s. is showing signs. stuart: the president's plane, air force one is about to land t landed already. that is palm beach international airport. he is down. there he is going to his mar-a-lago home this afternoon. he will host a meetings of five caribbean nations. we know that venezuela will be on the agenda right there. we did hear that maduro and

venezuela has arrested juan guaido's top aide. that is escalation of the venezuela crisis. it is not a crisis but what we got is a 400 point loss for the dow industrials. that is where we are now. that is what, neil, i'm sure you're on about. go ahead, sir. neil: stuart. neil: thank you, very, very much. interest rates go down, in fact way down. all of sudden you have stocks going down as well. what is interesting here what a lot of market technicians follow the rate gap between what you get for three-month treasury note and what you get for a 10-year note. if you commit money for three months, get more bang for the buck than you do 10 years. that was the case. we hadn't seen that since 2007. that was driven by interest rates in germany turning negative for a while today. 10-year bund going into negative territory. that itself on top of industrial reports coming out of germany, italy, portugal, spain, others