>> maybe more competition in education would be nice, too. maria: that's right. teachers union won't allow that, james. >> we are 35 but imagine what we are if you look at our inner city areas versus our suburbs. it's pretty bad. maria: great to see you. james, always a pleasure. dagen, have a great weekend. "varney & company" begins now. stuart, take it away. stuart: seize the day. good morning, maria. good morning, everyone. what a way to end the week, big rally. what a way to start the profit reports season. very strong so far. look at this. a half hour from now, the dow will be opening with a gain of well over 200 points. the nasdaq's going up big-time as well. we are getting awfully close to the dow's all-time high. now, there is a big buy-out in the energy industry. that's helping. so, too, are some individual dow stocks, and the banks. first off, look at disney. they have announced plans for their upcoming streaming service. now, there was a gasp when the

price was announced, $6.99 a month. roughly half the monthly charge of netflix. disney has crossed the $120 per share level. it's up seven bucks, 6.5% premarket. here's the start of the earnings season. stellar reports from the big banks, most of them, at least. jpmorgan is up 2.66%. wells fargo, pnc financial, look at them go. this is a big factor in today's market rally. nice moves there, pnc financial, wells fargo, first republic on the downside. then there's this. another headache for speaker pelosi. after ilhan omar said some people did something on 9/11, navy s.e.a.l. dan crenshaw called that statement incredible and so it was. in comes aoc to take on crenshaw with a rather strange criticism. you refuse to co-sponsor the 9/11 victims compensation fund? that's it? in comes rashida tlaib saying omar's words were taken out of

context and that happens quote, especially to women of color. speaker pelosi has lost control of her caucus. we've got a rally. money's being made. "varney & company" is about to begin. stuart: there's only one place to start on a day like this, and it's that. sorry, that. that would be a big rally. triple digits. here we go. jonathan hoenig, capitalist pig kind of guy, with us this morning. this is all about profit, is it not? >> profits and innovation, to your point. as you said, major surprise, a lot of anticipation about disney, what was that streaming service going to look like. keep in mind, their streaming service is a response to competition from netflix. we see how these companies are innovating and succeeding. in fact, disney will have its

best opening since 2009 on this gap up. it's helping to power the dow and helping to power this bull market. i still think it's a bull market. yesterday, about 150 new 52-week highs, only 48 new lows. you should be careful, you should have money on the sidelines here but as they say in the trade, don't fight the tape. stuart: i've got 20 seconds. this thing rolls on from here, does it? >> well, trends tend to persist but look, it's a long year and there is still a lot the market is concerned about, including the potential for global growth. keep in mind, we have gone essentially straight up since, what, since christmas. it's the fifth best start to the market ever. again, i don't think you fight the tape but you look longer term than just the next tick or two. that's why you are looking at uncorrelated assets and also keeping some cash on the sidelines as well. stuart: we are all very happy this friday morning. jonathan, stay there for a second. back to you in a moment. i want to talk about the border. and the extraordinary crisis there. now, as this crisis unfolded

this week, democrats started blaming the president. listen to what assistant house speaker said. roll that tape, please. >> again, i would say there's a humanitarian crisis at the border, but one that was created by president donald trump with his policies. stuart: created by president donald trump with his policies. ouch. a congresswoman said yesterday the trump administration had manufactured a crisis at the border by stripping away legal routes to immigration. how about that. joining us, the former chief of staff at the national security council. is it legit to say this is trump's problem, he created it? i don't think that's legit but what do you say? >> it's just incredible, stuart. after years of the democrats refusing to do anything about the border crisis and ridiculing the president for trying to solve it and claiming he's pushing a manufactured crisis, the situation is now so dire, the democrats can't deny it

exists so they are trying to blame the president. it's just incredible. you know why they're doing this. they're worried. they know the american people are going to hold them accountable for this in the upcoming election because they know which politician has been on this from the start. stuart: i think there's been a sea change in this area, on this issue, in the last couple of weeks. as the crisis has become very apparent, i think a lot of the blame actually is going on the democrats and as they look forward, there's a sea change in politics because it's no longer a winning issue for them, it's a losing issue. am i wrong? >> no, that's right. you know, leading is hard. where's the house democrat bill on border security, stuart? that should have been put forward on january 1st. they can complain they don't like the president's policies. what's their solution? there's no bill. stuart: one democrat said the president is not using the money for border security, which congression allocated.

is that accurate? >> no. in fact, the president is spending more money than congress allocated to secure the border because congress won't pass legislation to realistically solve this crisis. the president has to find ways to work around congress to defend the border. stuart: what's the end game here? because this crisis is full-blown. it's not going away. end game, please. what is it? >> well, i'm afraid i don't expect much from the house because they are so divided, as you mentioned in your earlier story. the president will have to put pressure on mexico. i think we will have to find a way to speed up trials of immigrants so we can ship back planeloads of them to central america so the central american people will know there's no point in coming here and i think there are other things we can do, cooperate with mexican authorities to stop the flow of these refugees. stuart: got it. fred, thank you very much for joining us on a very busy day. we do appreciate it. thank you, sir. let's get back to your money now, because there is a big fight and it's between amazon and walmart.

jeff bezos, amazon, says match me. i'm going to pay 16 bucks an hour. now look at what a top walmart executive tweeted back at that. he said hey, retail competitors out there, you know who you are, how about paying your taxes. ouch. jonathan hoenig back with us. what taxes is amazon not paying? >> i'm a little confused by that. i mean, i would hope, i assume amazon is paying and using every legal maneuver necessary to pay their taxes, and i don't think there's anything wrong with that, stuart. there's this misguided notion that somehow if you pay more in taxes you are more patriotic. a lot of democrats seem to think that. i encourage them to get out their checkbooks and write as many checks as possible but this notion of employers competing over employees, this again is the great tradition of american capitalism. brings me back to henry ford who famously i believe doubled his employees' salaries to lure competitive employees over to his side when he was early in

his career at ford motor. this is what companies do. to attract talent, they pay higher wages. that's what you are seeing going on with big tech heavyweights. stuart: you're right. competition is a good, good thing. let me ask you about the disney announcement, the streaming service launches november 12th, it is. $6.99 a month. that's the big deal here. $6.99 a month, almost throw-away money. >> well, it's tremendous, and maria said this in her interview in her segment earlier this morning, we are really in a golden age for content. my god, the price you used to spend to rent one vhs dvd at blockbuster, now you get tremendous services, tremendous opportunities. it's something i just remind you, when people say for example, the middle class hasn't had any better for 10, 15, 20 years, think about the innovation that's come from these great american companies to provide these services for all this entertainment, all these tremendous opportunities that weren't available even at a

fraction of the cost years and years ago. the big winner in all of this is not only investors, and we are seeing disney, i believe a new 52-week high this morning, but obviously consumers as well. they are the ones who really benefit when markets are free and companies compete. stuart: you are our content, jonathan. yes, sir, you are goenlden, bab. golden. mr. hoenig, thank you, sir. you can no longer buy the base version of the model 3 tesla. can't buy it online. you got to go on the phone gooro to the store. liz: he is really fighting to make an affordable mainstream electric vehicle, the model 3. they are finding out the average price of it, though, is trending around $57,000, not the $35,000 list price, so what he's saying is we've got to reduce our overhead. you can still get the car if you order on the phone, you can still go into the store and buy it in the store, but you know,

they have a cash -- stuart: on the phone? you kidding? liz: that's what you would do. so he's moving to cut the work force. he's changed the list price for that electric car a number of times. so there's cash burn issues right here. they are burning through cash. they may have to go back into the secondary, raise more stock, that could pressure the stock. we are watching this story. stuart: the stock is actually up just a little bit this morning, despite the prehistoric way of ordering. liz: that's the way i do things, right? stuart: me, too. i don't want to admit it on a friday morning. hey, let's check futures. you are going to love this. we are up 240 odd points for the dow industrials. that's close to 1%. and the nasdaq is up a half percentage point. we've got big gains today for some of those dow 30 stocks. now this. new lawsuit today, a big one, accusing who is it accusing? liz: google. stuart: accusing google of

abusing its dominant position in the search market. that could open the door to a lot more legal challenges. big deal. we have the story for you. herman cain's nomination to the fed on life support this morning after a fourth republican senator came out against it. later this hour, we will talk to that senator. it's kevin kraemer. alexandria ocasio-cortez and rashida tlaib are rushing to defend ilhan omar over her comments about 9/11. they say omar's words were taken out of context which happens to women of color. that's her quote. "varney & company" just getting started.

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stuart: big energy deal to tell you about. dow component chevron buying anadarko petroleum, $33 billion. $33 billion. now, this is all about natural gas. chevron wants to get into gas. more on that in just a moment. certainly after the market opens. then we have this. aoc and rashida tlaib defending

ilhan omar after her some people did something on 9/11 remarks. here's congresswoman tlaib. roll tape. >> they do this all the time to us, especially women of color. they do that. they take our words out of context because they're afraid because we speak truth, we speak truth to power. stuart: come on in, the american islamic forum for democracy. have her remarks been taken out of context? >> absolutely not. what they are trying to prevent by this demagogery of racializing her comments, it's not about race. she was speaking to an organization that is all about grievance, that radicalizes our community, and the context is the fact they minimized what happened on 9/11, they minimized that it was an act of war. they won't name al qaeda and they use it as a pretext for grievance mongering for saying we are the victims. that is the bigger context, actually even more offensive than saying some people did something. the context of 9/11 becomes all about her grievances.

what grievances? a woman that got elected as a refugee into the congress is complaining that somehow america is racist and muslims need to shake up stuff. yeah, america is now getting a clinic in how muslims are radicalized and also a clinic in what the platform is for the islamists and they are forming sort of this red-green axis which is a socialist like aoc working with the islamist caucus of tlaib and omar. stuart: you have been on this program many times, and you have always opposed political islam. do you believe that ilhan omar represents political islam in america today? >> every way she looks at the lens of america, if you look at her tweet from two years ago, she said america was founded in genocide and ultimately it is a neo colonialist empire. this is the words of somebody who looks at the west as the enemy, who looks at us as the problem rather than the

solution. yes, she loves her country but her vision of america is not a free market vision, it's a vision of islamism, of political activism, the muslim brotherhood concept, if you will. it's fine to shed the light on what you believe and by the way, she says this -- the organization she spoke for listed me on a list in which al qaeda has threatened me because of comments of that organization. let's grow up, realize that being in the public sector does sort of bring with it some threats and it doesn't mean people are threatening her. it just means we are prime-timing her ideas so americans understand exactly what the platform is she represents. stuart: last one. within the muslim community in america, what level of support does ilhan omar and her views represent? >> well, her views represent the leadership of most of our organizations but the percentage, the silent majority need to wake up and realize that

the reins of our community are run by an islamist establishment that has been funded for decades by often petro interests and others. it's time for us to take back our mosques. i will tell you, stuart, the civil rights movement of today is inside the mosques and it's time for us to start getting diverse voices, not ethnic diversity and racial diversity, but idealogical diversity which our community has not had. stuart: welcome to the show. >> thank you. stuart: you will be back soon, i do hope. thank you very much, sir. appreciate it. now, this looks like the opening attack on social networks, specifically google. a german website suing google over abuse of search power. i think this could go a long way. liz: could go a long way. this is a unit of a publisher, it does price comparison shopping, it's saying google purposely in this lawsuit alleges that it iced their search results or search engine out, so they are putting google

higher. here's why it's a danger for google. it's not just damages, not just copycat lawsuits. this company is saying to the court give us a subpoena, we want to do a deep dive inside google and get documents to prove our case that google does manipulate search results to the detriment of others. this also hits their free speech, you know, billboard that google likes to say in silicon valley, we are do-gooders free speech people. if they are manually manipulating algorithms, that's a big deal for google. the stock is doing fine right now but this is a future threat. stuart: the discovery process could be ugly for google. liz: that's right. stuart: thanks very much. look at futures. they have gone up -- about the same. up about 250 points on the dow, about a half percent on the nasdaq. then we have uber. they made a big admission ahead of their planned ipo. uber says they might never make

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epic escapes, or high-flying thrills, get more into what you're into. just say "watchathon" into your x1 voice remote, or download the xfinity stream app. xfinity watchathon week, free. now through april 14. stuart: now we are going to put four stocks up on the screen. there you have them. now, they are dow stocks. disney, boeing, goldman, jpmorgan, dow stocks, all.

all of them up very sharply. look at disney. now it's up 9%. that adds about 130, 140 points to the dow industrials, because they are dow stocks. big day. then we have uber. getting ready to go public but warning that the company may never make a profit. whoa. joining us by phone, analyst dan ives, web bush securities guy. why would anybody buy this thing if it may never be profitable, or why did uber say they might never be profitable? >> that's the big question. look, on the positive, it continues to be a trillion dollar market opportunity and investors are thinking this could be the next amazon in terms of from an investment perspective. from a profitability, no doubt there's a lot of investments on the horizon and just like lyft, they needed to give that [ inaudible ] and that continues to be the conundrum for tech

investors. stuart: that's interesting. like the amazon model, you make money but you plow it right back into the company and expand the areas you're into. if it's the amazon model, that's attractive. >> look, there are many tech investors a decade ago that shunned the amazon model, and now they are no longer on wall street because of it. so investors don't want to admit what could be the next amazon which is why there's such excitement about uber. stuart: there is indeed. thanks for joining us on a big day. appreciate it. check futures. look where we are, up 250 points for the dow industrials. how about that. the market opens in four and a half minutes. we will take you there. fact is, every insurance company hopes you drive safely. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard.

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stuart: watch it go. that's a successful launch of the new spacex falcon, huge rocket. it delivered a satellite into orbit for a saudi company. joining us this friday morning, big day, david dietz, jack hough, liz macdonald. elon musk can launch a rocket into space but can't deliver a car here on earth. >> wow. right off the bat. stuart: why not. >> look, these private companies have gotten into the launch business, one thing they have done is brought the cost of launching satellites down

dramatically. that will become a big deal for the future of communication. there is also standardization and miniaturization of satellites. it will become a big deal to be able to put these satellites. stuart: a real success for elon musk. 9:30 eastern time on a friday morning and this is going to be a big day. the opening bell has rung. trading has begun. right from the get-go, we are up over 220 points. that puts the dow at 26,300. that's a gain of -- a little bit shy of 1%. it's broad-based. give me the s&p, please. let's have a look at that. big day. yes. well, not bad, up a half percentage point. the nasdaq, about the same. a half percentage point higher. across the board, rally. liz: we are just about 460 points away from an all-time high. stuart: liz did the math. well done, young lady. let's see. big banks are driving the market this morning. reporting higher profits. jpmorgan, that's a big gain

today. a very good earnings report. morgan is up a couple of bucks. show me today's price. i don't want the week. all right. get to it. pnc, there we go, pnc financial is up a buck, about 1%. wells fargo, despite the leaving of mr. sloan, up a quarter percent. first republic on the downside. david, mr. dietz, that looks very encouraging to me for the profit season. >> absolutely. so the central question for investors now, the 20% run-up in the markets on christmas eve, will the earnings justify this run-up. of course, forecasts are dismal, down 4% year over year. we are getting this initial report from jpmorgan, wells fargo, they both looked outstanding to me. that bodes well for the rest of the earnings season. stuart: so the earnings are driving this market this friday morning, amongst a couple of other things. there's jpmorgan. there you go. 3% higher, $3 up to $109. you are laughing. liz: no, it's the banks. after they just got a grilling this week, they are helping to

grow the economy. stuart: the executives do the perp walk, terribly sorry about everything, and they report terrific profits and propel the market up. watch your 401(k) and say thank you to the bankers. disney announcing that its streaming service will launch on i think it's november 12th. $6.99 a month. whoa! that price is very low, ain't it? >> yeah, for sure. it's a battle for second place. everybody has -- netflix has a huge first mover advantage. many people will buy two streaming services, some buy three. i don't think people are buying much after that. everybody wants to get in second place. i think disney has an excellent shot. this is good price. i think there's room for the price to move higher. i'm surprised at the size of that move. this was very well signaled for months so people must be impressed by what they have seen in terms of the breadth of the offering. stuart: look at netflix on the downside there because of the disney -- >> it helps when you are in a highly profitable park and movie

business on the side. >> disney itself will have to be investing billions to build out the service. it won't start making profit until 2024. that tells me people are skeptical that the $6.99 is going to stay, that ultimately they can bring it up towards netflix. it would have to be wonderful forecaster subscriber growth. liz: moving content off of netflix, that's what disney is doing. this will really pressure apple as well. their content library is pretty solid and strong. stuart: okay. good stuff. the dow is now up 226 points. it's a rally. two items on netflix, by the way. campaigning hard for emmy nominations and launching a print magazine for television academy voters. whoa. also launching a sirius xm radio station focused on audio recordings of netflix standup comedy specials. netflix is down this morning. should hollywood be worried by these moves? >> certainly. i think investors are saying there's going to be some shift

from the overpriced now perhaps netflix product over to disney plus when it launches. of course, these two initiatives are really disguised advertising, the advantage of getting on board with sirius is they will reformat some comedy, they are reaching an older audience and basically introducing people to the netflix product. in terms of the paper, they're not going to charge anything but it's going to come out in hollywood just before the emmys. they aren't dumb at netflix. stuart: i'm tired of asking the question, should hollywood be worried. get out of here. check the big board. now we are four and a half minutes into the session and up 223 points. here's the big energy deal. dow component chevron buying anadarko petroleum for $33 billion. now, this is all about natural gas, okay. big move on anadarko, up. chevron is down. what do you make of that? not much. >> yeah. i mean -- stuart: it's all about natural gas, isn't it? >> when you see the disparities that large in the price, people

are thinking the pricing on the deal is a little off where it should be. i think you see more of these type of deals in that space. stuart: i think the market gets encouraged when you see these gigantic deals. the money's there, the deal is there. >> that's true. someone is devoting large amounts of cash to future prosperity, people think it bodes well for the economy. stuart: look at lyft. where's that this morning? it's had a hard time recently. look at it, down to $59 a share. earlier today, uber, which is going public later, admitted they may never make a profit. maybe they are following the amazon ipo. don't make a profit, just plow everything back into the company. >> look what we learned in the filing by uber yesterday, is that growth is actually slowing. they are actually losing market share. nothing said there really bodes well for a lyft investor. the other interesting thing between the two, lyft sales just went into the pockets of big

holders of the stock. uber is plowing it right back into autonomous driving. lyft is doing none of that. different strategy. liz: uber is targeting a lower valuation of $100 billion, not $120 billion. stuart: yeah. yeah. 90 to 100. >> conditions are right here for a flight to nonsense. although the market is on firm footing, growth is pretty scarce out there. you could get more of these growth stories investors just pile into. stuart: show me united health care, please. that was a big drag on the dow yesterday. it's down a little bit more this morning, $235 on united health. the discount airline southwest, are we calling it a discount airline these days? southwest has grounded its 737 max planes until august. that's going to affect schedules and frustrate travelers yet again but the real stock to look at is boeing, ignoring this move from southwest. boeing is up four bucks at $374 this morning. no recovery for boeing at this point. all right. where are we now? the dow is up 242 points.

want to keep you up to date on that one. 243 higher for the dow. 26,388, 400 points away from the all-time high. liz: yes. stuart: you did the math. good stuff. couple of stories on marijuana. more workers testing positive for it. that's leading to new concerns about workplace safety. whales is going on? liz: there is a real concern among people like truck drivers, trucking industry, industrial factory workers. the legalization here of pot has caused these companies to be on high alert because they have to operate heavy equipment and they just want to make sure, and i would say, too, companies like uber, lyft, ought to be aware of this, too. stuart: i see a little push-back against legalized recreational marijuana here. listen to this. oregon has one million pounds of unsold cannabis and it cannot be transported over state lines. you've got a glut and you can't

spread it around. you can't transport the stuff. >> classic supply and demand. legalized the growing, everyone got into it, it became like every other farm commodity. question is, will oregon permit export. that could run afoul of federal rules. i guess it's a cautionary tale for marijuana investors. stuart: i guess it is. those stocks are all over the place these days. here's a very interesting story about google. they are facing a big lawsuit over its dominant position in the search market. again, tell us about this deep dive in germany into google's records. liz: so this company in germany that's suing google is saying court, give us a subpoena to do a deep dive document search into google to see how it's doing its algorithm, whether it's manually manipulating it and whether it's purposely icing out competitors. that's the issue right now. stuart: you're laughing. could be big legal trouble for google. >> this is the european toll they will have to pay every so often over there because they create the jobs here and over

there, it's free revenue. i mean, they are saying -- stuart: it opens up a legal jackpot. >> no -- stuart: if you can deep dive into their records and show as lizzie suggests that maybe you are manipulating the algorithms, you've got a huge lawsuit against you. >> i think there are going to be plenty of lawsuits, plenty of people looking to take cash but look, this company, aren't you free to go to other search engines? their dominant share, is that something, are they pulling you in? it's a blank page with a window. people go there because they like the results, they like the product. that's why people don't go to bing as much. they like google. stuart: what's wrong with bing? it's a microsoft product. >> bing is an up and comer. stuart: please. take another look at the four stocks which are having a lot to do with driving the dow this morning. boeing, goldman, jpmorgan, disney. all of them, look at disney now. it's up 11% on the brink of $130 a share. not bad at all. 9:40 eastern time on a

friday morning. despite the fact it's a very big day, i have to say good-bye to you gentlemen. thanks for being with us. good stuff. look at this. new highs. this is the high of the day thus far. 271, 272 points up for the dow industrials. that's a better than 1% gain. 26,400 is where we are. between the border crisis and russia, russia, russia, the democrats are now playing defense. i say there's been a sea change in politics. we will tackle that one in our 11:00 hour. yes, we are on it. plus one democrat candidate for president has a unique campaign strategy. he wants to use a 3d hologram on the campaign trail. we will explain that one and how it would work. herman cain's future with the federal reserve does not look good this morning. next, we will talk to a senator who may have sunk his nomination to the board. we will be back.

stuart: welcome to the show this friday morning. we are up 279 points now. that means the dow industrials are about 420 points away from their all-time closing high. it's a big day. president trump says he would recommend herman cain for a seat on the fed but four republican senators have come out against his nomination. mitt romney, lisa murkowski, cory gardiner and kevin kraemer. the republican from north dakota joins us now. mr. senator, why do you oppose herman cain for a fed post? >> the question that was posed to me and the question i answered many times is if i had to vote today, i would not vote for him. i think the allegations of sexual harassment are too serious and i think frankly the time and energy and political capital spent to pull him across the finish line would be

squandered frankly and we have a lot of other things to do that are higher priorities frankly than the seventh member of the fed board. i do not quarrel with his qualifications. stuart: in your judgment, sir, is his nomination dead? >> well, you know, i have heard a lot of senators express a lot of concerns about it. i'm just one of the four that have been as open as i've been because that's sort of my style. i just think again, spending a lot of political capital and time and energy, at a time when we just changed, as you know, just changed the executive calendar rules in the senate to be able to confirm people with two hours of debate instead of 30, i feel we are on a pretty good pace to get the courts filled up and some of these other executive nominations filled up and i just hate to have to have this distraction going in. i also have genuine concerns about the sexual harassment allegations from a decade ago or so. stuart: senator, as a senator from north dakota, big energy-producing state, i'm sure you are aware the president

signed an executive order speeding up pipeline construction. is that going to help you in your state? have you had trouble getting your oil and nat gas out of your state? >> well, as you know, one of the biggest challenges of the market in north dakota is proximity to markets. we are landlocked right in the middle of the north american continent. it took this president the second full day on the job to approve the dakota access pipeline and get the ball moving on the keystone xl pipeline. it's really as much about america's energy security which is as much about economic and national security as anything. i do think that there's an appropriate federal role, even with states having certain authorities, there's an important federal backstop role in interstate commerce. i applaud him for doing that. i think it will be very important to a lot of folks, not just folks in north dakota. stuart: last time i was in north dakota, i admit it was 10, 15 years ago, i was in bismarck, nobody was talking about oil production, not that i can recall. it was all farms as far as you

could see. you have come a long way. how much oil and gas are you producing these days? have you got a number? >> i think we are around 1.4 million barrels per day, second leading producer of oil in the country. you know, with the dakota access pipeline confirmed and pumping, they are moving half a million barrels per day to market. that takes a lot of that gridlock off and now we are adding more. stuart: are you still short of labor in north dakota? again, last time i checked, couple years ago, you were paying like $15, $20, $30 an hour for mcdonald's counter hand. >> that's after the signing bonus, stuart. yes, we still have, you know, i think we still have 30,000 unfilled jobs but some of those job announcements are of course for a truck driver with a company that might need 50 truck drivers. it is the place to go if you are looking for work. and a lot of very good high-paying jobs. it remains a challenge. but of course, that challenge is

getting greater as the economy in the country booms, because you know, the work force is now the big challenge in growing our economy nationwide. stuart: i just have a problem between october and the end of march with your climate in north dakota. other than that, great place. >> it is a great place. they produce oil all winter long. stuart: i bet they do. mr. senator, thank you very much for being with us this morning. we appreciate it. >> my pleasure as always. thanks for the opportunity. stuart: how about this. there's one presidential candidate who is really trying to do high tech on his campaign. liz, you will tell me about it. liz: presidential candidate andrew yang, a democrat, wants to have a life-like 3d hologram of himself to beam on to flatbed trucks in multiple battleground states so he doesn't have to be there, you know, in other words, he could be in multiple places at once. he will also take questions and is also thinking of having pop culture say from hollywood joining him in 3d as well on the campaign trail. stuart: so you can have a truck

going by in, say, north dakota -- liz: or iowa, where he's thinking of launching it. stuart: you have a hologram on the back and i'm standing there watching the truck go by, i can shout out a question? liz: or you could be the hologram sitting next to him. it is a bold new world. this is science fiction stuff. the 3d dimensional figure of himself giving stump speeches in multiple battleground states at once where he can take questions. stuart: he was on the show. liz: i didn't know that. stuart: yes, he wants a universal basic income plan. i think it's $1,000 for everybody, every month. liz: he's talking about how technology is icing out workers with robots and stuff. futuristic. we'll watch it. stuart: look at this. the dow 30, sea of green. you've got about 25 of the 30 dow stocks green, on the upside, and the dow is up 275 points. blockbuster deal to tell you about. chevron buying anadarko for $33 billion. it's all about natural gas.

next, we have a guest who says this deal is a major win for everybody involved. thousands of amazon employees demanding that jeff bezos stop working with oil companies. they say he needs to do more to combat climate change. yes, we will have that story as well. dow's up 273. you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? flonase sensimist relieves all your worst symptoms, including nasal congestion, which most pills don't. and all from a gentle mist you can barely feel. flonase sensimist.

stuart: it's not quite the high of the day but we'll certainly take it, up 1.05%, up 275 points. here's that big energy deal. dow component chevron buying anadarko petroleum and they're paying $33 billion. john hofmeister is back, former president of shell oil. this is all about natural gas, i'm told. spell it out for me. >> well, i think both companies see the future similarly. there's been a lot of speculation that anadarko would be picked up by one of the big three sooner or later, and this is really a win/win for everybody concerned. chevron gets some excellent upstream positions, especially with natural gas, and i think that the marriage of the technologies, the capabilities within the two companies, will make that a much stronger company overall, and i think it

brings some things to the portfolio that chevron did not have in different parts of the world, because anadarko has been a well-led company for quite a long time. stuart: okay. how about this one, though. i want to talk to you about oil companies and climate change, because several thousand amazon employees are urging jeff bezos to reduce carbon emissions. they want amazon to cut ties to big oil. that seems to me, john, like an endless series of attacks on oil companies and energy companies of all kinds about climate change. it's never going to go away, is it? >> no, it's not. but this is a case of employees getting off at the wrong bus stop. because everything amazon does, every product they bring into one of their warehouses, comes from a transportation system that depends upon fossil fuel. every product that amazon ships

to a customer is shipped on a transportation system that depends upon fossil fuel. so amazon depends upon fossil fuel for its very existence. now, having said that, i think these employees just don't understand the importance or they haven't been trained on the importance, but there will be ongoing pressure from across society on every oil and gas company in existence for a long time to come, until we do the following, stuart, and we could have a long conversation about this. the oil and gas companies could do a whole lot more, and many of them are getting started in a big way, to reduce their carbon footprint, and they are doing this by managing carbon. there's a whole organization now called the oil and gas climate coalition funded by oil companies. they put $1 billion already into startup companies that will

control, reuse or capture carbon as a way of preserving the license to operate in the carbon industry. i think this is a great move, and it's long overdue, but it is happening, it's real-time. so i think that that message needs to get out to people that are protesting, because we are going to reduce carbon and continue to use carbon. stuart: anything that an oil company does is anathema to anybody on the left and the greens. you know that, john. mr. hofmeister, got to go. thanks for joining us. good stuff. thank you. college football star nick bosa expected to be one of the top draft picks for the nfl. he just deleted all of his pro-trump tweets. he says he may end up in san francisco and you know how california feels about the president. pete hegseth on trump derangement syndrome in our next hour. i say speaker pelosi's got a problem. the democrats are now tied to extreme policies and rather

embarrassing statements. she's lost control of the party. it's split. my take on that, next. . .

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stuart: the democrats must surely be embarrassed by the young insurgents that swept into the house last year. alexandria ocasio-cortez, ilhan omar, rashida tlaib and others. they have gone to extremes. the rest of the party is left behind. the rest of the party does not like it. they sense defeat. america really does not like being told that on 9/11 some people did something as ilhan omar famously said. when navy seal veteran dan crenshaw called that statement unbelievable, aoc jumped into the complain that crenshaw had not cosponsored the 9/11 victims compensation fund. that is not much of a comeback isn't it? crenshaw lost an eye fighting terrorists. the insurgents threatened to

take their fight to the primaries. field far left candidates against moderate democrats that ace serious threat. that is how aoc with a few thousand votes unseated an establishment democrat last year. well, very quietly the official democratic campaign committee, which hands out the money has taken draconian action. anything to stop the insurgents. the party will blacklist, any consultant, pollster, political operative who works for candidates challenging democrat incumbents. that is drastic. you work to unseat the establishment you will never eat lunch in this party again. the democrats are in the blacklisting game. who proposed this? the chair of the campaign committee, illinois representative sherry bustac. representsed a district that voted for trump in 2016. she doesn't want a challenge.

democrats are tied to embarrassing statements. speaker pelosi -- aoc will use her huge media presence to raise money outside of the official campaign committee. this weekend, house democrats will hold their annual retreat. they are split every which way. they will host a lot of closed-door meetings. oh to be a fly on the wall. the second hour of "varney & company" is about to begin. ♪ a big day all around especially on the market. we're up nearly 1%. gain of 250 points right there. as we told you a big deal in energy, chevron buying anadarko, anadarko petroleum is $33 billion. anadarko up 14, chevron down six bucks.

here is disney hitting an all-time high right out of the box today. their streaming service starts november the 12th. it will only cost 7 bucks a month. $70 if you pay for the whole year in advance. i call that cheap. disney's stock up 10%. have not seen that before. tammy bruce, welcome to the show. >> good morning. stuart: my point the democrats, are a, split and trying to use blacklisting to get rid of any incumbent challengers. that is extraordinary. >> they're trying to keep control over the messaging. you have local races going on, someone confronting a incumbent, perhaps a moderate, trying to pull that person to the left, reminding voters about this dangerous split, about the nature of arguments that americans i don't think generally like, like representative tlaib's comments about september 11th. they're trying to maintain the nature, at least ex-nally what the democratic party stands for.

the democrats have a problem when nancy pelosi has representative ilhan omar on the foreign relations committee that send as different kind of message that gets national attention as well. they have got to decide. in this meeting they have to decide what they stand for. stuart: they can't control them publicly. speaker pelosi can't control her caucus. >> very strange. stuart: the insurgents are making so much noise here this trying to control them in the primaries. get them out of town before they have a real impact -- >> on one hand they want it both ways. they want to send a message to these, extremists okay, we understand you. we're working with you. on the other hand they will send a message you don't really have any power. this -- i don't think nancy pelosi does have control. i think they're trying to find this game where they can find that balance. the american people and average democrat though, they already know where they stand. i mean this, no american, regardless of your party appreciates the dismissal as an

example of september 11th as though if someone stolen your parking place, right? the american people do not like this. it transcends party politics. and i don't know if the democrats understand that yet. in fact, if they are being consumed by this framework as americans need, of course, a two-party system that is healthy and right now the democrats don't fit into that framework. stuart: stay right there, please, tammy bruce. i have a lot more for you. >> all right. stuart: let's turn to money. check the big board, please, the earnings season is underway. so far the banks that have reported are looking pretty good because the banks kicked off these earnings reports. look at them go. jpmorgan, a near 4% gain. that is big runup there. brad mcmillan is with us. is this rally, we're up over 200 points, is this about bank earnings and earnings still to come? >> i think it's a about earnings coming in better than expected.

one of the big narratives we had here, stuart, that earnings are going to be terrible. we kind of knew that wasn't going to be the case. this is the first chance. things are pretty good. stuart: if we to on like this, i hate to use the expression, beating expectations, if we did, does this rally continue like this, like it is now? >> i think it does. because what we've seen is, we've seen expectation, again to use that word, is is the earnings actually will go down this quarter. what we've seen so far, it is early days, we're actually going to see an increase. if we do that, then the pricing right now makes a lot more sense for it to go higher. i think we've got some running room. stuart: we're only 400 points away from the all time closing high for the dow industrials. do you expect us to closs that line pretty soon? >> i think we've got a real good france. remember a big part of the reason we're short because of the impact of boeing. when you take that out we're actually doing very well. when you look at the wider indices, s&p, nasdaq, we're also

getting chose. this is a widespread rally. this reflects something fundamental going on. stuart: real fast, brad, i know you like the real estate sector. you're expecting a real estate recovery. tell me how to invest in real estate on the stock market, rather than buying real estate itself like a house? >> when you are looking at what's going on, lower interest rates will benefit reits, real estate investment trusts in general. they own commercial real estate. you buy it on the stock market. not only that, housing is also a good way to invest, because the housing stocks, the homebuilders, are going to benefit from people being able to afford housing better. so you've got two different ways to go. i would say apartments, i would say homebuilders. stuart: r-e-i-ts, basket of real estate, is that correct? >> correct. stuart: brad, thanks for joining us sir. we appreciate your comments on earnings and the market. good stuff. let -- tammy, for a start, i

want you to listen to what hillary clinton said about julian assange's arrest. roll tape please. >> he has to answer for what he has done at least as it's been charged. i do think it's a little ironic he may be the only foreigner that this administration would welcome to the united states. [laughter]. stuart: a little snarky. >> yes, it is good reminder about the biggest accomplishment of president trump, keeping that woman out of the white house. we will forever be grateful. we've seen the level of corruption that seems to be, you know, developing out of the doj and the fbi, nature of what certain leadership was doing, when it comes to their unhappiness with the election. we've got a lot of work to do in this country. americans know it. for some reason, people at the fbi, like mr. comey, perhaps mr. peter strzok thought perhaps they would be rewarded by that

president for the behavior that they were unleashing there because of you know, regarding president trump and then candidate trump. so as, when it comes to mr. assange, i think that you would, you would believe that if they have done nothing wrong, that they want to make an argument about the importance of publishing information, that all of this is unfair, that they would want obviously what is going to be an international hearing. this will not be handled in the dark. he will either answer for certain things or he will be exonerated but it is an interesting thing that they don't necessarily want to have that fight. you would think they would want to. stuart: you have come a long way from being the president of n.o.w. in los angeles. >> i want women's lives to be better. clearly conservative ideal that introduces that. president trump has delivered. i certainly don't think hillary clinton would have. stuart: tammy bruce, thank you for being with us. >> thank you, stuart. stuart: the "game of thrones,"

not the "game of thrones,," show on hbo, coming back for its final season this sunday. you're not going believe how many people are expected to tune in. we have the numbers for you. lots of benefits living in south florida, nice weather, low taxes, miles of white sand beaches. get this, new study finds it is one of the least affordable metro areas in the world. we'll tell you why. ohio state football star nick bosa expected to be one of the top nfl draft picks this year, just deleted all of his pro-trump tweets. he is concerned they may affect his career. pete hegseth coming up on that one too. crisis in venezuela, we're dealing with it next. we're talking to a former diplomat says russia, cuba, iran is propping up the maduro regime and getting a military foothold in latin america.

we'll get to that in a moment. ♪ 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.

stuart: we lost a little of the rally, but not much. we were up 270. now we're up 230. we'll take it. do you remember this scene from earlier in the week? candace owens confronting congressman ted lieu at that tech hearing? watch it, please. >> he purposely presented, extracted a clip -- >> the witness will suspend for a moment. it is not proper to refer to disparaging to a member of the committee. the witness will not do that again. witness may continue. >> sure. even though i was called despicable. >> the witness may not refer to member of the committee as stupid. >> i didn't refer to him as stupid. that is not what i said. stuart: precisely, sir, she didn't say that. let me tell you this story, the

clip that you just saw is setting records, records for viewers on c-span and twitter. liz: nearly four 1/2 million twitter views in that video, just 24 hours. so it really lit up on twitter because it was candace owens saying hey, wait a second, you clipped it short. you purposely manipulated it to make like i was supporting hitler, when you didn't show the question that was asked of me. i am against nationalism. i was talking about globalism. and, it was a fiery exchange on top of nadler trying to stop her defense of herself. when she was personally attacked. stuart: he was wrong. she did not refer to a member of the committee in disparaging way. she did not. thank you very much. venezuela, the point, russia, cuba, and iran are making inroads in that country. they're sporting the 345 --

maduro regime. mr. ambassador, looks to me like cuba, russia, even iran are establishing a military foothold in latin america. what are we going to do about that? >> well first thing is we have to try to really usher out the maduro regime. it has been a disaster for the venezuelaian people. hyperinflation, 1,300,000%. the economy is in free call. the only thing propping it up is corrupt military and outsiders like cuba and russia. they're using military support for maduro for their own purposes to get a foothold in venezuela. >> >>what: are we going to do? military force, cuba, russia, maybe some in iran, they are there protecting maduro. they're intimidating the people. what are we going to do about that? >> i think the first thing sanctions we put on there. we also to rally others in latin america. there is no support for the

maduro regime at all. we want to avoid american military intervention. i think that could suck us in a way we don't want. we're putting every pressure possible on to starve the regime of resource so that it is just a matter of time before it falls. stuart: it is not working, is it? >> so far it, you can say it hasn't worked until the day it does. stuart: are you confident that it will? >> i am confident that it will. when you look at the numbers affecting the regime, the economy, the hyperinflation for the people, the lack of the ability to get profits back into the regime, into the budget, they can get some military support from cuba and russia, some degree from iran as well but it is not sustainable over time. i think they're posely doing it for a show, trying to get something out of it, then blame us for the crisis that follows as we try to clean up the humanitarian disaster. stuart: should we stop the oil tankers going from venezuela to cuba? that would be a military thing. >> we should. we should.

we have already made every effort to stop venezuela from reaping any profits from the sail of oil. cuba is working with venezuela to circumvent that. we should do everything possible to make sure none of those profits from the sale of oil are reaching back to the ma during re regime. that is one of the few things that keep them happening on. stuart: would you rule out, using cia some other government agency to operate within venezuela, not take the generals out physically, remove them from the scene? >> no, i don't think we should rule anything out. everything should be on the table. we should be judicious as well. the optic of american military intervention in latin america can backfire on us in the long term. while it's a difficult situation today, we would like to see maduro ushered out in a peaceful way. in a way that gives us the best possibility for bringing venezuela back on its feet again. stuart: mr. ambassador, thank you very much indeed for sharing your expertise with us. we do appreciate it, sir. >> my pleasure.

thank you. stuart: thank you. let's get back to your money. the market is still up over 200 points. still a very significant rally. it has come back a little but you're still up nicely. tired of throwing out rotten fruit and vegetables? we have a gee-whiz technology item for you. napkin-sized card you put it in your fridge. it helps produce fresh, it helps, your produce, getting mixed up, helps your produce, fresh, stay fresh, 50% longer. all right? the guy who invented it will tell us how it works. he is on the show. aoc taking on the irs. she wants the government to do your tax return for you. how about that? we'll hear more about this in a moment. we have to. ♪ ♪

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stuart: i hate to admit it. i never seen an episode of "game of thrones." it returns sunday, final season. here's the question. how many people will watch that episode on sunday? liz: estimated one billion around the world. stuart: are you kidding? liz: not kidding. estimates in 170 countries. this is the most viscerally exciting opening of the show in years, even more than the walking dead. so you know, what is really striking about it, how they filmed it. they did it in secret, reportedly by the belfast

airport. because, why? no drones allowed near the airport. so you wouldn't have a drone flying overhead ripping off what they were doing, leak it to the world. stuart: that is clever. liz: this is clever what they're doing. this is exciting stuff. coming on sunday. stuart: maybe it will be one billion and one. maybe me. thank you, liz. how about this one, i'm a little skeptical to start with, maybe i can be turned around. aoc wants the government to do your taxes for you. watch this. >> but long term we should look at solution where everyday people do not necessarily have to spend hours every year preparing tax returns when the majority of americans have relatively simple and straightforward returns. stuart: relatively simple. does she have a point? liz: absolutely, aoc, has a point. here is what happened. there was bipartisan bill to have the irs offer free tax preparation software services.

you file through the irs don't use turbotax, h&r block, they don't like it. you're eating into our business. she is talking about simple tax, flat tax. stuart: she is talking about the 10 who ez. liz: talking about a simple return. that would lead ultimately to flat tax. stuart: no it would not. liz: i'm teasing. stuart: who trusts the government, send you numbers, send you the bill or refund, who trusts the government? liz: i hear you about that. congress had to have its own irs office to prepare tax returns for laws they wrote. congress had irs free help. stuart: she wants them back. liz: there you go. stuart: president trump tweeting a few moments ago about the democrats and the border. here it is. even now the democrats say our southern border is a crisis and national emergency. hopefully we will to the be getting anymore bad outrageous court decisions. just have that in.

pennsylvania's fracking industry is absolutely booming t brings, what, five billion to the state every year. different story in new york. no fracking allowed there. next pennsylvania congressman will tell what new york is missing out on. here is a story we've been following. prince harry wants to ban "fortnite." he says it is harmful and addictive. we'll talk to the ceo of a videogaming league. she says harry has it all wrong about "fortnite." ♪ i'm working to keep the fire going

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♪ "come together, right now, over me." stuart: very inventive one. i like it. >> you like this one? stuart: i like almost all of them, except the bubble gum pop stuff. liz: they're a pop band, aren't they? stuart: stop it. they're a great band. liz: forgive me. they're not a boy band? stuart: nigel farage launched a new pro-brexit party. big deal. how many candidates? liz: 70. they have already raised almost million dollars in 10 days. mr. brexit says you know what, i'm not longer mr. nice guy. i mean it. i will come back into the political fray to set the country right. essentially what he is saying. miss mock is saying we have to rescue our democracy. we need to show the people of england that they have a say in how they are run. so he is taking the fight right to them right now. stuart: fascinating. mr. brexit, on his, on a new track there. liz: that's right.

stuart: the big board still show as very healthy gain. we're up 230 points. we have been up 270, but we're still having a nice rally on wall street this morning. good earnings reports. the fracking industry in pennsylvania doing very well. five billion dollars a year industry but across the board in new york there is no fracking at all. pennsylvania congressman joins us now. congressman, tell me how well pennsylvania is doing on fracking and what new york is missing out on? >> well, pennsylvania, we have the second largest reserve of natural gas in the world, in the marcellus shale and the utica shale. it is greatly beneficial for homeowners. cost of heating their homes are coming down 40%. we created millions of jobs. we brought in close to $2 billion in revenues through an impact fee. stuart: congressman, hold on a second. you say the cost of heating your home because of fracking and

natural gas production in pennsylvania, the cost of heating a home come down 40%. >> oh, yes, oh, yes. jobs have greatly increased. it has brought in new tech jobs. improved health care because of number of employers. new york graciously giving us all the opportunity in the eastern pores of the united states. stuart: have you had any groundwater pollution, any of that kind of thing, any objections to the fracking industry in your state? >> years, back, when this was first introduced, certainly clean air, clean water is everybody's high priority but it has been quite minimal, thankfully and due to all the safety standards that they have set up. my district just touches upon the southern portion of the marcellus shale. it is very important. we have hundreds of jobs, thousands of jobs. great incomes coming through, people are doing well because of it, both savings and health care

costs, energy costs as well as job creation. stuart: congressman, i have got property just across the state line from pennsylvania. we're right on top of the shale deposits, and we can't get it, the area is hurting, i have to tell you that. new york is missing out on so much here. >> i have a number of friends in new york and it is too bad. stuart: it really is. i know people are losing their farms because of this. crisis on the border, i see democrats now trying to blame the president for the crisis on the border which has arrived. do you think that's legit? >> no, i think it is opposite of legit. i think it is almost insane. the president has done everything possible to protect the border. we've all seen that. the congressional democrats have refused to even accept the idea there was crisis three months ago. now they obviously do see it, as does all of america, continue to do nothing about it. the democrat leadership and the extreme left, you know, stuart,

the extreme left took such a hard left, they are going down socialism street right now and the american people want to stay on let's keep america great street. the border is a good example of that. it is huge crisis. actions and statements of the democrat leadership is attracting. the fact that the united states won't build a barrier is an attraction to those trying to enter our country illegally. stuart: so is sanctuary state, sanctuary city that is invitation, come on in. that is what happened. >> of course. stuart: this is busy news day. i will cut this short. congressman, appreciate you being on the show today. thank you, sir. >> thank you. stuart: prince harry says, "fortnite" should be banned because it was created to addict players. ann hand, with us, super league gaming ceo. do you agree with the prince? i don't think you do, so make

your case. >> i very much disagree. if he really understand these games, you go into them more, you understand they have deep layers of strategy, critical thinking, layers of team work. you build resiliency in the game. you die in the game. you come back, you respawn you have to create new strategies around it. look at "minecraft," fundamentals of stem learning. these people are developing a lot of skills. think about it, we used to watch a lot of tv as kids. this center active. this is social component. they're talking to teammates while playing. now imagine a world where we take it a step further, through super league technology we bring you into top golf locations, cinemark theaters across the country. we're adding a new layer of team and leagues around it. you're learning about added connections that come and development that comes when you physically play the game together. we feel like this is social and skill advancing thing. think about it too, 80

universities offer esports scholarships today. they see something that prince harry does not, that is a kid who is exceptional at "fortnite" has a strong propensity towards computer science and other degrees. stuart: i notice chipotle is getting into e-sports. are they sponsoring tournaments in some way? putting their name on tournaments? is that what they're up to? >> yeah, absolutely. what chipotle is doing than our partner deals with logitech, best buy. they realize everyone is gamer, get to them where they're spending entertainment time. they're going away from going to movies, other types of passive entertainment. they want to do something more interactive and social. they're highly engaged in gaming. so brands need to get where those players on. stuart: last time we spoke, you were on the show, sat next to me here in new york i recall. >> i did. stuart: okay. at that time i think your company had just gone public, okay. so tell us, how's the stock doing?

>> well, it is a good question. we're only about a month in. i have to be honest, i know this will sound a little crazy, maybe after watching all those documentaries i feel a whole sense of relief after being public. i wasn't sure how it would feel but i actually find it to be incredibly empowering. we have a very clear mission what we need to do. we outlined critical kpis we have to hit. we're already accelerating some exciting commercial developments to allow us to. the transparency, virtue being public, i found extremely energizing not just for the staff but our partner relationships. our partners are saying super league, you're deciding to go for the big time here. we're taking all of those commercial conversations to a whole different level. stuart: you're used to being attacked by the lawyers and short sellers? >> you know so far we're avoiding all that. we're enjoying the good parts.

stuart: pleasure to have you on the show. hope you come back soon. >> we would love that, thank you. stuart: this e-sports something is really something. >> it is not going away, stuart. it is not going away. stuart: definitely not. ann, come see us in new york next time. >> thank you. stuart: good stuff. i don't understand this but i will try to get to the bottom of it. switzerland says dumping their emergency reserves of coffee. liz: here is what is going on. after world war i switzerland established mandatory stockpiles of food. they had on there coffee. they decided coffee is not essential for life. has no calories. it does not contribute to nutrition. i would certainly say it contributes to people being agreeable and sociable in the morning. so, yeah, there is a big blow back against switzerland on this. stuart: this show runs on coffee. liz: oh, yeah. stuart: be clear. liz: main line it. stuart: i get into the office at 4:00 in the morning.

i brew a pot of coffee. it is gone in an hour. >> liz: everybody get out of the way, katy-bar-the-door. here comes stuart. stuart: i'm not that bad. liz: see you off coffee. stuart: i will change the subject. democrat lawmakers rejecting a plan to give free tuition to gold star families. they have no problems giving tuition money to illegal immigrants. what a contradiction. dan crenshaw is slamming colleague ilhan omar for her 9/11 comments. some people did something, is what she said. aoc jumped to omar's defense and attacked crenshaw. she will tell you what she said after this. ♪

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stuart: okay, we've lost some of the rally. we still got a rally. we're up .7%, 184 points. but that's about 100 points down from the high of the day but we're still up there, got it. check grubhub, that stock's down four bucks, 6 1/2%. wedbush cut its price target to $100 a -- i don't understand that actually. they cut the price target to 100 bucks a share. it is at 64. liz: i know what you mean. stuart: 64, by the way is the stock's lowest price since december of 2017. we'll show you the video again. congresswoman ilhan omar talking about 9/11. >> cair was founded after 9/11 because they recognized that some people did something and that all of us were starting to lose access to our civil is liberties. stuart: all right, texas congressman dan crenshaw, veteran who lost his eye in the service of his country responded

with this. first member of congress to ever describe terrorists who killed thousands of americans on 9/11 as some people who did something. unbelievable, says mr. crenshaw. congresswoman alexandria ocasio-cortez came to omar's defense. you refused to sponsor the 9/11 victim's compensation fund she says, jet have audacity to to drum reese sent towards ilhan with completely out of context quotes. in 2018, right-wing ex-treatments were behind almost all u.s. domestic terrorist kilts. why don't you do something about that. >> after 9/11, what did dan crenshaw do, signed up to go overseas and lost his eye in service to the country. the other thing what is civil liberties to ilhan omar lose after 9/11? that is was the reference,

right? what civil liberties. there is this, there is this myth rampant islamophobia caught on across america and muslims were treated improperly. this country was so good to ilhan omar after a civil war in somalia they invited her family to come from refugee camp, establish up in minnesota. lutherans gave them well pair benefits. make them welcome at minnesota. turns around america wasn't great, never good to me. the promise i hoped to get never delivered. stuart: wants a victim. turning herself is and her people into a victim. >> this is what she tweeted this morning. remember when george bush stood on rubble pile with megaphone inspired america. this the people, the people who knocked those buildings down will hear all of us soon. president george w. bush. was bush downplaying terrorist attack? what if he was a muslim, emoji face. stuart: what? >> she he used word people in reference to inspiring a nation to go kill the people who just murdered three thousand of our

citizens, well, there would be some double standard if he was a muslim. turns out it was muslims who brought those towers down. that doesn't make every muslim a terrorist. we all understand that distinction. we went got them, fought them, killed them. stuart: terrorists brought them down. >> muslim terrorists. stuart: islamic terrorists did. >> correct. stuart: okay. >> not every muslim is terrorist. that is easy thing to know. stuart: this is chronic embarassment for nancy pelosi. she cannot control her caucus. americans will not stand for this kind of thing. >> not at all. the sad part ilhan omar comes from keith ellison's former district. her constituents obviously elected her because they agree with these views. she didn't hide all the views before she got elected. she was in the statehouse in minnesota. people knew she was extreme. there was anti-semitic strands. she faked it a little bit. now what do we do? she is in the halls of congress. stuart: trump derangement syndrome how it affects

minuscule aspects of our lives. nick bows sachs ohio state defensive end, i think i got it right, he is expected to go first or second in the nfl draft. he recently deleted his pro-trump tweets out of concern for his career. he thought he might be drafted to san francisco. he knew what would happen to him if his pro-trump in san francisco. >> san francisco is so tolerant. the most tolerant city in america. if you bring in a linebacker who happened to like trump -- i think this is bad move. management and social justice warrior types in the league, others afraid of the mob, they won't like it. but folks who watch nfl football are common sense american patriots who will not care whether you voted for obama or trump. frankly most of them probably voted for trump. you probably become a fan favorite if you do that. but if you're a kid that age, you're under the microscope, you know they will come after you, i think he wanted it to go a you way. that is not the way it should

be. stuart: did you apply the same energy to creating the special you've got on jerusalem this coming up on, i think "fox nation"? >> "fox nation." came out yesterday. stuart: came out yesterday. >> battle in the holy city. about the real story of jerusalem. got exclusive interviews and access to things never seen on camera. roads jesus walked on, related to the holy temple. here is the insidious this. we talked to the head of mosque on temple mount. there is nasty strain of temple denial. they say king david was never there. solomon was never there. jesus never overturned money changers in the temple. so they can lay claim israel has not right to be here, israel has no right to be in jerusalem. they're trying to rewrite history. we have them on camera saying. we have bibi netanyahu. huckabee. stuff that will blow your mind. stuart: "fox nation." >> netflix for conservatives and patriots. this easter, passover, check it

out. stuart: opinion done right, as i recall. >> like your show. stuart: i like that, hegseth. compact anytime. good stuff, thank you. i got some gee whiz for you on this friday. a little card put it in your fridge, keeps your produce from rotting. the guy behind it is going to tell us how it works. he is is on the show after this. ♪

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stuart: excellent bank profits reported this morning. disney is doing well. the dow stocks, dow is still up 200 points. yep, the rally holds. this napkin-sized card on your screens is created by a family owned company based in boston. they say this card can keep your food fresh up to 50% longer. the food freshness card president thereof. rj, how does this work? what is in the card or on the card that keeps food fresh? tell me. >> that's a great question, stuart. essentially the foot freshness

card is large hologram but gets its unique properties from our patented programing process. now without diving too deep into quantum physics and proprietary information, what we're doing the card is programmed with use of longitudinal electromagnetic waves. once programmed into the card they target specific strains of mold and bacteria growth, and slows them down. the effect of that significantly extending the shelf life of foods, vegetables and breads. stuart: hold on a second. how much does one of the cards cost? >> we tell them $75. guarranty them for one year. stuart: pay 75 bucks, put them in the fridge, has a year. >> yep. stuart: keep food 50% fresher for one year? >> yes for fruits vegetables and bread. that is our claim. stuart: i use an open box of baking soda, arm & hammer baking soda. what is wrong with that? >> this is like the evolution of

baking soda except our product is targeting mold and bacteria strains, not really letting them grow. kind of like evolution. it is really keeping your food fresh. be able to eat the food before you have to throw it away. stuart: proprietary system you've got built into the card. you're not worried about knockoffs or competition? >> that is kind of great point, we really don't. the technology isn't out there yet, to even reverse engineer it. it hasn't been invented. we're excited. a lot of excitement happening. food freshness card has a lot of action. we're pretty excited. stuart: you're on the show. doing okay. how do i get one? >> go to www.food freshness card.com. you can actually use the card, fox bogo get free shipping. stuart: there is an offer. foodfreshness spot cart.com? >> you got it. stuart: rj, you edison award.

>> we have it right here. stuart: i'm glad you brought it along. i gave you a great commercial, fellow. rj, thank you very much for joining us. interesting product. we're glad to have you. >> thank you so much, stuart. have a good one. stuart: sure thing. there is sea change in politics in d.c. democrats lost on mueller and they're losing on the border. their only defense, blame trump. i don't think that works. my take on that coming up in a moment. president trump has been taking heat for his federal reserve picks. he is accused of politicizing the fed. next one of our top market watchers says that is nonsense. there is nothing inappropriate about putting herman cain or steve moore on the fed. he will make his case after this. ♪

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stuart: incredible. the democrats are now blaming president trump for the border crisis. they created this mess. first they denied it was a crisis, then they called it a manufactured crisis and now, when the border is literally overwhelmed, they say it's the president's fault. this is desperation politics and it won't work. america doesn't care to be invaded. speaker pelosi says immigration reform is the answer, but the democrats have not proposed a comprehensive immigration reform bill since taking control of the house. they don't really want to stem the flow of migrants. their base will not stand for it. socialist representative jayapal says trump made the crisis worse, quote, by stripping away asylum seekers' rights. what? the president tried to stop asylum seekers at ports of entry. how on earth does that make the crisis worse? the border crisis is the democrats' fault. sanctuary cities and states,

liberal judges and calls by presidential candidates to abolish i.c.e. are inevitably interpreted as an invitation to come on in. voters can see this. the political tide is turning. here's another turn. voters can now see that the real scandal surrounding the 2016 election did not center on russian intervention. no. it centered on the fbi and the clinton campaign. what a switch. this is something the democrats absolutely do not want investigated. after attorney general barr said i think spying did occur on the trump campaign, not a single democrat suggested a review of the facts. no one. instead, senator schumer dismissed it, saying barr was perpetuating a conspiracy theory. in the last months, i think there's been a sea change in politics. it is the democrats who are now playing defense. they lost on the no collusion mueller report and they're losing on the border. all they've got is blame trump,

hate trump, and that's just not good enough. it's not working. the third hour of "varney & company" is about to begin. stuart: 11:02 eastern time, precisely. we will get my reaction -- your reaction to my editorial from matt schlapp in a moment. we are by and large a financial program so let's check the big board. we've still got a rally. little shy of the 200 point gain that we had earlier but still up about three quarters of 1%. that is a rally. earlier on the program, we spoke to north dakota senator kevin cramer who says he is against herman cain's nomination to the federal reserve board. three other gop senators are with him. stephen moore, also in the mix here, floating under the radar. both are considered political appointees to the fed.

donald luskin is with us. trend macro cio. i say those two picks politicize the fed. i think some people have a problem with that, but not you. make your case. >> i don't think they politicized the fed at all. for one thing, we elect a president to nominate people to the fed. whoever is nominated to the fed is going to be nominated by the president. so it is inherently a political organization. it is part of our government just like the supreme court is. it is ridiculous to think that just because it's trump's doing the nominating that it's any more political than any other nomination. i have to say that there are now five republicans who have come out and said they can't support herman cain. with republicans like this, who needs democrats. by the way, this has a disgusting stench of racism. this was the first african-american to be nominated to the fed in 21 years. the fed was originally set up 108 years ago not to be a financial institution, but to be

a political institution that represents the whole country. there are two regional fed banks in missouri, right, because 100 years ago, people had respect for farmers. i wish today people had respect for entrepreneurs who create great businesses that sell pizza. oh, but no, we can't have a man who succeeded at pizza on the fed. stuart: no, the problem with herman cain is his past relationships with women. if those relationships would have been revealed in the nominating process, that would have been extremely difficult. that's why he is probably under water at this point. it's not racism. it's not his record. it's his record with women. that's the truth, donald. >> it is his record with women as a republican, okay. believe me, in one week, nobody is going to be talking about joe biden touching women of a disturbing variety of ages, okay, because he's a democrat so it's okay. because the democrats control

the media. stuart, i got to tell you, i'm hoping you're playing devil's advocate here. you're getting me going. you got to get on the side of the angels here. you got to support a good entrepreneurial man to bring growth to the federal reserve. stuart: all right. okay. i'm going to move on. i've got this for you. the market rally. big banks, jpmorgan reporting strong profits today. morgan's up about 4%, that's a nice gain. wells fargo and first republic have turned south. pnc financial still going up. look, these early earnings reports are pretty strong. is that a positive sign for the economy and for the market going forward? >> yeah, it's a huge sign. on a forward basis, s&p 500 earnings peaked last october 26th, so they have been in a six-month rollover that's been worrisome. i think that's a much better recession indicator than the yield curve. but what we have seen for about the last three and a half weeks is that forward earnings are beginning to creep up and now the actual earnings are coming in and they are confirming that.

so this is just going to be another -- this whole little recession scare we have been through that brought the ten-year yield all the way back into the 2.30s, that's going to be another scare like the one in 2015 and 2016. people are going to be left in the dust. they will have sold their stocks and bought bonds exactly at the wrong moment for bulls. so yeah, jpmorgan, pnc, these are harbingers of a fantastic earnings season. it's not too late. buy stocks, sell bonds, get on this train. stuart: the train is still going forward? we are still going to make some more gains for the overall market. the dow is at 26,300, about 400 points away from its record all-time closing high. you think it's going to get past that pretty soon? >> oh, sure. absolutely. it could happen just in one good day. we're just in spitting distance from all-time highs. it's trivial at this point. by the way, even in this earnings rollover i was talking about, forward earnings are still projected to be 13% higher

than trailing earnings. so what, 13% earnings growth isn't good enough? okay, come on, everybody. i can see the last car on that train leaving the station. if you sprint, you can catch it. stuart: that's a good out cue. donald, thank you very much. we always appreciate it. good stuff. thank you. now this one. the energy merger, big buyout, chevron is buying anadarko petroleum. they will pay $33 billion. anadarko is a big natural gas supplier. the deal, by the way, cash and stock. chevron, looks like they just want to get into the natural gas business big-time and are paying $33 billion to do it. now this. new york democrats have blocked college tuition aid for gold star children. those are the children of parents who were lost in the military. however, they just approved millions of dollars for the dreamers. millions for illegals. how about that. you have heard it many times from the democrats. they call the border crisis a manufactured crisis and now they are blaming the president for

what's going on in the southland. how about that one. we rare also going to call out the media for echoing the manufactured crisis calls instead of challenging them. we have it all for you. check out that rally. it's still a rally. market watcher tom lee is coming with us. he says the bull market has no expiration date. by the way, tom lee coming up shortly, he's the guy who said bitcoin was going to be worth $25,000 last year. what's he saying about that now? we will ask him. we'll be right back. fact is, every insurance company hopes you drive safely. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost.

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stuart: two people on your screen right now. you can see both of them. new york state education committee chair deborah glick and the speaker, carl hasty, new york state democrats who helped block a bill that would give

more tuition dollars to children of deceased, disabled veterans. they are known as gold star families. they apparently had no problem, however, shelling out $27 million to help illegal immigrants get a degree. how about that. back to my editorial from the top of the hour. however, let me set the scene for you. this is how the media treated the border crisis before this week's shift in rhetoric. roll tape. >> there's people who came here legally and are petitioning for asylum. that's really our issue. >> it's a manufactured crisis. >> this is really a manufactured crisis. on many levels. manufactured by the trump administration. >> this whole mess is manufactured. it's a manufactured crisis. a non-crisis at the border that's really not fooling anybody. stuart: oh, really. that sounds like talking points to me. the man on your screen, right-hand side, is the estimable matt schlapp, chair of the american conservative union. okay. your reaction, because here they

are talking point city. it's a manufactured crisis. i think the rhetoric has changed a bit now. now they're saying oh, it's trump's fault. go. >> yeah, that's exactly right. so you have jeh johnson, president obama's secretary of homeland security, actually saying he's looking at the numbers, stuart, saying we actually do have an emergency. you have chris cuomo, who had similar lines like don lemon, he actually went down to the border and said actually, this is a crisis. you have groups, not government groups like doctors without borders, saying women and children are being systematically abused and raped over and over again, thousands of times, on this journey to the border. there is no way you can describe this other than one of the most devastating humanitarian crises we have seen really at our doorstep. stuart: why are they blaming president trump? that's illogical. surely sanctuary cities, sanctuary states, abolish i.c.e., those are invitations to come on in, aren't they? >> yeah, and so's this idea of

amnesty. i think everybody knows that in america, we are tolerant, we give out over a million green cards a year. we are the best country on the face of the earth for accepting strangers and new legal residents. the problem is all these magnets. sanctuary cities is a magnet for people that want to do bad things. the idea that you can come here illegally and eventually if you stay here long enough, will somehow right the wrong and give you legal status, that's another magnet that encourages people to come to the border and rush the border. what president trump's rhetoric is actually doing, it mirrors president obama's rhetoric and even president bush's rhetoric which is to say we actually can't take all these people. the difference with president trump is he's actually trying to solve the problem permanently and that's what the american people want. stuart: what's the end game? there is clearly a crisis. it's getting worse by the day. what's the end game? >> the end game is number one, we don't start with actually securing the border, any other policy proposals won't work.

because ronald reagan learned his lesson 30 years ago. if you don't secure the border, all the other ways in which we want to try to make sure that we take other steps will not work. the next step is our immigration policy should be based on the worker needs and the employment needs we have in this country, and it should not be based on this family chain migration or the diversity visa lottery. we shouldn't have to respond just because there's a refugee crisis somewhere on the globe that we have to take everyone. america no longer has a legal immigration system. we actually have an illegal immigration system because it's easier to get here illegally than legally and that must stop. stuart: my premise in my editorial was that this approach by the democrats won't work. and that the political tide is shifting. it used to be immigration, the border, used to be a plus for the democrats. now i think it is a negative. what say you? >> i completely agree. because the only thing the democrats can see on every

public policy issue is race. the color of someone's skin. that's all they want to talk about. the american people actually are over that. they are okay, it's from many, one. we come from all over the globe and become american residents and citizens. what the american people actually want to have happen with their immigration system is we want to make sure that we have the people we need so we can continue to be the world's leading economic powerhouse. that's what makes america great. stuart: the voice of reason. matt schlapp. glad to have you on the show. good stuff. we appreciate it. thank you, sir. >> you too, stuart. thanks. stuart: back to your money. big day for your money, by the way. first of all, check disney. look at that, the stock is soaring on news that their streaming service, disney plus, will cost only $7 a month or $70 if you pay for the full year. it will be available i think november 12th of this year. the stock is up 8.5%. what a rally for disney. it's a dow stock, by the way. netflix, though, that stock is down $13.

disney's $7 a month price really could hurt netflix because netflix charges almost $13 per month. they are launching a new radio station, showcasing the services original comedy specials around the clock but it's not helping the stock. down nearly $14 on netflix. check other streaming stocks. look at it on your screen. okay. netflix down, apple down, google and facebook are up. not sure they are streaming service, are they? i don't know. amazon is down. okay. disney's a big player. got it. check this out. the world's tallest indoor waterfall and it's at singapore's airport, seven stories high. it's just one of the upgrades at that airport. wait until you see the rest. we will show them to you. looks like a jungle. the faa investigating yet another drone sighting, this time over a baseball game at fenway park, boston. we will give you the full story in just a moment. first, though, spacex falcon

heavy rocket, i think it's the biggest rocket ever. successfully lifted off making its first commercial launch. it's also the first time all three of the rockets' reusable boosters returned safely to earth. they were putting up -- sorry, the saudis were putting up a satellite on that rocket. success. how about that. i'm working to keep the fire going

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stuart: look at this. how about that. that's a gigantic waterfall. it's not the latest attraction at disney or an indoor water park at dubai. no, it's the world's tallest indoor waterfall at singapore's airport. it's located in what they are calling the rain vortex. it's not the only attraction at what is the world's number one airport. oh, no. you can visit their new canopy park that includes a shrubbery maze, the topiary walk. the petal garden, flowers all around the pedestrian path. those are skynets. see those? you can bounce around or just

walk through. looks more enjoyable than laguardia. not fair. boston police and the faa want to know who flew a drone over last night's red sox game at fenway park. the video was captured by fans. security concerns come just days before the boston marathon. that's the drone flying right over fenway park, middle of the game. big shakeup in the world of construction. according to 2019's international construction market survey, san francisco has dethroned new york as the costliest city to build in. construction costs rose 5% largely because of rising labor costs. san francisco, most expensive. second is new york. third is london. two top spots from last year, zurich in fourth and hong kong, those are the two costliest

cities to build in. south florida now among the least affordable metro areas in the world. what's driving the prices up there? we are asking our south florida real estate lady. she's on the show. big-time market watcher tom lee is extremely bullish. he says the market is going up. it has no expiration date on this rally. he's on the show next. i switched to liberty mutual, because they let me customize my insurance. and as a fitness junkie, i customize everything, like my bike, and my calves. liberty mutual customizes your car insurance, so you only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ 2,000 fence posts.

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stuart: okay. very strong bank earnings, especially jpmorgan and goldman sachs. that's propelled the dow nicely higher today. we're up 190 at this point, 26,300. you better take a look at bitcoin. it's still right there at $5,000 a coin. our next guest was very bullish on bitcoin. he actually said that last year, it would hit $25,000 per coin. it didn't. here is thomas lee, head of research at fund strat global advisers. what do you have to say for yourself? you still hot on bitcoin? you wish you had never made that call? >> yeah, it was regrettable

because it was a tough year last year. stuart: put you on the show, though, didn't it. where to from here for bitcoin? >> i think so many tailwinds are building for crypto, especially bitcoin. it crossed above its 200-day moving average. that only happened six times in its history. for six times it was confirming a bull market trend. we have this measure called the bitcoin misery index which just hit 89. stuart: you invented it. >> yes. in the last eight years, it's never been above 67 unless you are in a bull market. stuart: give me another target. this year it will hit what price? >> well, i think that if bitcoin matches what the s&p has done this year, because the s&p's move this year is two and a half standard deviations that implies bitcoin would be around $14,000. stuart: you sticking with that? >> it's not a prediction because i don't want to do that, but it would be what i call a move that wouldn't surprise us.

global markets are rallying. stuart: look, you are very bullish on the stock market overall, i believe. >> yes. that's correct. stuart: there's no time frame on this rally. it's just going straight, no expiration date on the rally. why should i believe you about the stock market when you are so awfully wrong on bitcoin? i'm sorry to do that to you, but i have to. >> yes. well, you know, i have been covering markets for 26 years. stuart: i can beat that. i'm 46 years. >> bitcoin hasn't been around that long. so i know markets better than crypto. hopefully. but you know, we said 2019, the best analogy for this year is 2009 because we had a fed pivot, a real shock to the credit system. previous to that we had real carnage to industries and this year is tracking a lot like 2009. i think this is a 25% up year for equities. stuart: whoa, whoa. 25% up, this calendar year, 2019? i'm trying to do the math.

that would take us well above 30,000 on the dow. >> correct. that would be around 3100 for the s&p. now, we are already up 15% year to date. stuart: another 10% still to come. >> yes. yeah. i think that that's the base case. i think that's how people should be viewing what equities can do this year. stuart: forgive me for being facetious but do you do this deliberately? you make a bold forecast of big gains just round the corner, and you get on programs like this and you get your name out there? is that the name of the game here? >> i mean, that's what skeptics would say but all of our work is on analysis so the call we made on equities that this looks like '09, it started on january 1 that if you look at every year where high yield had carnage like it did in '18, the following year averages a 25% gain. every time the stock market has a waterfall decline like we had in december, down 19% in 60 days, only ten times since world war ii when you're not in recession based on pmi, the average gain's 30% the following

year. so it's not -- i'm trying not to make predictions, it's based on a lot of historical analogs. stuart: i take it all back. you're not just making a bold prediction to get on the show. you have solid analysis. okay. can we put lyft on the screen, please. i think lyft is way down again today. look at that. down another 4.5%. lyft is at $58. we've got uber coming up shortly. they went out today and said we may never make a profit. i can't understand why you would say that right before you go public. what do you make of these new technology companies that are coming to market big-time this year? is it worth putting your money in them? >> well i think that the companies going public now are very similar to the transformers that went public in 2000. so eventually, some of these are going to become the next fang, the next facebook, amazon. but the problem when companies go public after being private for so long is there's true

price discovery now. you can't short a unicorn when it's in a venture portfolio. now hedge funds can short. that's why we are seeing price adjustments. so i'm not surprised to see some of these unicorns go public, then sort of see shorting. it doesn't mean they're not going to be transformers ten years out. you know? stuart: i'm going to put some of the upcoming ipos, the tech ipos, going to put them up on the screen. look at them, uber, i can't read them. slack. pinterest. >> yep. stuart: if you had to pick one as being the next big-time super-duper fang kind of stock that's really going places, which one would it be? >> well, the one that to me is an obvious sort of that silicon valley likes is palantir. i look at the rest and see there are obviously transformers. we use slack and it's really changed the way we communicate. i do think some of these are

sort of targeting areas that we thought were boring or couldn't be reinvented and they are being reinvented. palantir is its own special vertical. stuart: you would recommend getting into some, one or two or three or whatever, of these new stocks, new stocks coming to the market, because one of them at least could be the amazon of -- >> yeah, i have an interesting -- say you bought 100 internet stocks in 2000. just sort of blindly. after 20 years, you still had a 16 times return on your portfolio. even if 90% went to zero. stuart: whoa! >> so if you are truly in the right sort of vector, you can make a lot of money but i wouldn't recommend people put all their money into one of these ipos. stuart: understood. but i don't have a 20 year time horizon at my age. >> one of these will create longevity. stuart: you're all right. we will have you back. thank you very much. >> thanks. stuart: now, if you're a

california or new york resident, trying to escape your state's high tax burden, you might want to rethink a move to south florida. samantha debianchi is with us from the sunshine state, that is florida. welcome back. i hear that south florida, i guess that's the miami area, essentially, is now one of the most expensive places to live in the world, bar none. >> which is crazy to me. i read that study as well. it's behind hong kong of course being number one, then you have sydney, toronto, london, l.a., here, of course, because it's very expensive, then miami. when i saw that i found that to be so interesting because we have plenty of inventory and i think it's really talking more about the rentals than anything else because prices have been slowly coming down. i know i said that last year, the last year and a half, and we debated a bit but it is happening and there still are great opportunities there. on the rent side, when you

compare how much money people make in south florida, and then analyze that compared to how much places cost, yes, it can definitely be very unaffordable. i think that's where the problem is. stuart: so whether you look at the rental side or at the buying a house side, both are way up there and you've got to tell me why. where's the demand coming from? >> they are up. let's just say back in 2010, i worked with a billionaire who had a $200 million fund. he said sam, buy as many properties as possible within this criteria and if i can make $900 to $1,000 a month on rent, we're good to go. those same properties in 2010, 2019, you're looking at well over double, close to triple. that's the problem. it's a lot of people like that person who they bought all of these properties way back when, they see these prices have been going up on the home side, to buy, and they're not renting these places out for affordability. they're salivating at the fact people can't buy homes so they

are going to resort back to renting and they will charge top dollar. that's where the problem is. stuart: did your billionaire spend $200 million? >> he did. stuart: and you were the agent on these $200 million worth of purchases? >> it's a very sore subject. let's just say at the end of the day, i was supposed to make a whole lot of money, then he said wait a minute, you're making a lot of money, i want to keep that 3% and put you on a $50,000 a year salary. stuart: that's what he did? >> that was not a joke. let's just say i could not say on this show what i told him but i learned a lot from the opportunity and -- stuart: you actually dropped, for the sake of a billionaire, and $200 million worth of purchases, you dropped your commission to 3%? >> well, i was just representing him on the buy side. it was 6%, 3 and 3. let's just say that $50,000 i should have been making every two to three weeks, not every year. stuart: are you still in contact with the man? >> no. he knows i go on your show. hopefully he's watching today.

stuart: don't want to get in the middle of a confrontation here but apparently i did. we will leave it at that. safe to say south florida is a very expensive place to go to. those of us in new jersey and new york who are thinking of going down there, we just got put right off, didn't we. >> you know, it's not just that. i think we need to change the new norm, the social norm and what's acceptable. i was telling a friend earlier today, lenoir builds the home within a home or multi generational housing. these built these homes in a really cool, unique way. there's two garages, two entrances, two living areas, and they really emphasize privacy with affordability. privacy with togetherness. so we can have, you know, the grandparents, the parents, the children, the grandkids, all under one roof but still living apart. you know, we put this stigma of well, you live at home, we can live -- we can live together, you know. but you are bringing more income in and we need to remove the stigma. i just read a study that one out of every three millenials lives at home. it was like this horrible thing.

i lived with my parents, roommates, i called them, until my early 20s and i love my parents and i love my mom's meatballs but i didn't want to love there but it's what i had to do because i could not afford a rent and i couldn't afford to buy a place. stuart: i feel i have lost control of this entire -- >> talking about meatballs now. stuart: you are welcome to come back any time you like. fascinating. tell us more about your family. thank you. >> thank you. stuart: it's not google this time. it's microsoft reportedly working with the chinese military university on artificial intelligence research. we are talking to the director of the documentary, the creepy line which deals with things like this. three republican lawmakers introducing a bill that would ban federal contracts with anyone affiliated with nicholas maduro of venezuela. we've got one of those congressmen who is behind that deal. and we have called out the media for use of manufactured crisis when talking about the border. now we are taking on the democrats. that's next. oh, brad, check it out.

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stuart: we are going to call this a passive-aggressive feud between amazon and walmart. amazon guy, bezos, challenging other retailers hey, match my minimum wage and raise employee benefits. walmart took the hint and they responded with this. hey, retail competitors, they know who they are out there, how about paying your taxes. okay. i believe that's a reference to the fact that amazon pays zero dollars in federal income tax last year on $11 billion worth of profit. amazon stock, no response. $1,845 per share. here's something i'm still fired up about. the democrats changing their tune about the border crisis.

now they are blaming it on the president. weeks ago, it was a rather different story. roll tape. >> and the fact is president trump must stop holding the american people hostage, must stop manufacturing a crisis. >> most presidents have used oval office addresses for noble purposes. this president just used the backdrop of the oval office to manufacture a crisis, stoke fear and divert attention from the turmoil in his administration. >> and those families, those women and children seeking asylum at the borders, are doing so legally. those are the facts. this border emergency is nothing more than a manufactured crisis. stuart: come on in, congressman michael waltz, florida republican. i think the truth is coming to roost now. there is a crisis and the democrats have turned around and said okay, it's the president's fault. what do you make of that?

>> well, you know, president obama's border chief certainly disagrees with both pelosi and schumer. he just recently told senators that the crisis at the southern border is at a magnitude never seen in modern times. just in march, stuart, 103,000 immigrants apprehended at the southern border. just in one month. what we have seen now over the past several months is more than apprehended in the entirety of 2018 and importantly, over 50 illegal immigrants from over 50 countries have been apprehended at the same time, including china, bangladesh, turkey, egypt and romania. stuart: so whose fault is it? the democrats say this is president trump's fault. who do you say? who's at fault here? >> look, i think let's just look back at the deal that president trump offered. he said -- he changed his rhetoric, he said strategically placed fencing, whatever you want to, you know, whatever you

want to call it, where border patrol has asked for it and look what else he offered. he offered daca. he offered temporary protective status, chain migration, you know, reforms to the legal immigration side that many democrats also want. but i think at the end of the day, this is politics at its worst and they don't want to give him a single inch even though we are truly at a crisis according to everyone who is down there. stuart: change the subject for a second. i believe you just floated a new bill with senators marco rubio and rick scott. you are all from florida. it would end federal contracts with companies that do business with the maduro regime in venezuela. you think that's going to strike a serious blow at maduro? >> well, i think the president was absolutely right in what he's doing in his policy toward venezuela. enough of the maduro regime. this is keeping up the momentum and continuing to isolate, you know, these autocracies whether in cuba, russia, venezuela,

these authoritarian regimes are all about the dollars for themselves. and let's just include iran in that as well. so it's about continuing to choke off funds for them to stay in power. look, stuart, we have got over three million refugees now flooding out of venezuela, formerly the most prosperous country in south america with the largest oil reserves. it's destabilizing colombia, destabilizing the rest of the region and we are going to see them flowing north as well. i think the president's absolutely right on this. what i'm working with the senators scott and rubio are doing, are continuing to isolate the money coming into the maduro regime. keep in mind, both china and russia are now filling that void so we have to keep up the momentum. i'm worried that there has been a lull here and that china and russia are going to solidify his hold. stuart: maduro seems to be not firmly, but the man is still in power. the cubans, the russians, they have a military presence there.

about 20 seconds. would you countenance any kind of military operation to get him out? >> well, i think we need to make it very clear that guaido is not to be touched or harmed. that our embassy and our assets are not to be touched or harmed. i would want to look at escorting humanitarian aid and protecting that humanitarian aid in some type of safe zone because people are literally starving and fleeing, destabilizing the entire region. i would be for that. stuart: thank you, congressman. thanks for being with us. that's a good idea. thank you, sir. microsoft reportedly working with the chinese military university on artificial intelligence research. we are talking to the director of the documentary, the creepy line, next. just watch this for a minute. >> this is what i call the

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stuart: news from microsoft that is turning some heads. yeah, they have been working with the chinese military university on artificial intelligence research including facial recognition and facial analysis. here's matthew taylor, director of the documentary, the creepy line, which dealt with this kind of surveillance. matthew, welcome back to the program. good to see you again. >> great to be here. stuart: from what i have seen, china is emerging as the surveillance state but what gets me worried is our tech companies have a role in that. >> absolutely. this is a huge problem. you are talking about google a couple weeks ago doing the same thing. microsoft is involved in ai. any time you hear ai, it's problematic here. it's even more problematic in a country that will use ai to ought ma automate its oppression systems. that's the big issue.

stuart: it's a totalitarian surveillance. they watch all the time, listen all the time. is that right? they listen to you, watch you? >> all the time. yeah. any country that rounds up citizens, that oppresses speech and things like that, for an american company to give them the technology, to extend that and to perfect that system, i think is extremely troubling and we should be very concerned. stuart: how about this. amazon, it was revealed, has 7,000 employees who listen to what you say to alexa. they analyze it, they record it, they save it, they pump it back into the system. seems to me like the internet of things, every household is going to have gadgets that listen to you or watch you. you can't get away from it. >> oh, absolutely. this is just the beginning. these are surveillance platforms. the consumers of this country must understand that if you take a device like this into your home, it is listening to you all the time. by design. if it doesn't listen to you, it doesn't work. the question is, where does the

information go, who is listening to it. i understand beta testing. that's fine. but you need to know. you need to be 100% clear they listen to your children, to your dogs and cats, to your conversations. it's going somewhere. stuart: i can't stop it. i mean, any electronics in my house, i can't stop it, can i? >> no, even your very phone is listening to you. that's the thing. hey, siri, that's how it works. you call it out, it hears the phrase. the thing is, you can't confirm that it's not listening even if you don't use the phrase. google of course has been caught before with google home listening and capturing things and sending it back. hiding behind the idea of saying no, we don't do that. stuart: what you have done is highlighted a problem, zero privacy, but there's absolutely nothing you can do about it. you have no solution, do you? >> no. stuart: it's not a criticism of you. simply a statement. you can't get away from this. >> well, no. we invite it into our homes. we put our businesses on these platforms. we integrate it. we gave our kids cell phones so

we know where they are. if we know where they are, they know where we are as well. stuart: what are we going to do about this? look, i'm not paranoid. but even i have enemies. it just worries me, this big brother aspect. does it bother you? it must have after that movie. there are people out there that don't care. >> well, most people don't know. most people trust these companies. they trust facebook. they trust google. but these are unethical, untrustworthy companies because over and over again we have seen them break our trust. stuart: facebook tracks you even after you deactivate it. >> the deactivation of facebook is basically a complete ploy because the thing is, it's still collecting your data afterwards. it's collecting your data when you go to websites, you see the share icon, it collects your data that way. you have to completely delete the app or completely delete your account for you to get away from it. the problem is, if you have ever gone into the interface to try to do anything in that program,

it is designed to deter you from being able to enhance your privacy or make any modifications of any sort. stuart: that's a remarkable movie and a real perspective delivered to our viewers. we appreciate it. >> absolutely. my pleasure. stuart: all right. there will be more after this.

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stuart: big gain for disney, adds up to major rally on wall street. now this. we talked about the patriotic militaries and tax the rich conference. the group saw my editorial critical of the conference. they posted on the twitter feed. reached out to them, asked them to come on the show, not heard back from them yet. what do you make of the

millionaires? liz: falsehoods. top 20% pay 90% of all the taxes. they're whipping fastballs. stuart: they want us to pay more. liz: it is bullying. stuart: my time is up, neil, it is yours. neil: we're happening what is corner of wall and broad. now with 205 point advance meese meese -- most of the dow 30, not too far, maybe 500 points or so from highs reach last october. the s&p on route to seeing third straight weekly gains. so the markets are worried about a lot of stuff. invariably they are, they have a funny way of showing it. let's get into all of that as we digest bank earnings. contraction in earnings in the first quarter. we leave the estimates. the read at this point from charles payne. mike murphy