opening bell. morning mover, office depot after staples announced a $2.1 billion offer to acquire office depot come of the parent company odp offering $40 a share and that's why the stock is up 11%. we can see an office powerhouse kick my thanks to dagen mcdowell and brian. we will see you tomorrow. "varney & co." begins right now took ashley webster filling in for stuart. taken away. ashley: thank you and good morning. good morning, everyone. i'm actually webster in for stuart. the big stories we are following, the house is expected to move forward on articles of impeachment saying quote we will act with urgency to the house meeting at 11:00 a.m. we will be following the latest developments. the fight over free speech ramping up as parler is now off-line, disappeared. the social media popular with conservatives and supporters of president trump has gone down after amazon, apple and google pulled their

support. president trump who is banned or restricted from more than a dozen sites is reportedly vowing to fight back promising a big announcement soon. teachers meantime in the red on a virus worries. the dow, s&p and nasdaq as used cr firmly in the red with the dow jones off more than 300 points. president elected joe biden expected to unveil his covid relief package we will tell you what that means for your money. big lineup as always with the governor mike huckabee joining us, judge paris and hero, and our good friend steve forbes. it's the second week of 2021 with another busy newsweek. "varney & co." begins right now. ♪

ashley: the great late david bowie, grew up listening to david bowie and he is best. let's get back to your money and bring in right away our market guy, keith fitz-gerald. keith, good to see you with futures as you seek pointing lower. we are in the second week of 2021 and well, may be an extension of 2020 right now with a busy week. how do you think the markets are, you know what are you watching the most on these markets, are we at the point of-- irrational exuberance as a famous fed government once called it. have we reach that point of irrational? >> no, i don't think we had. i think certain assets can, but people forget markets have to go up

and down before they move higher and that's how you bleed out the scared money and instill investments. that's simply normal so i'm glad to see a little bit of this. i don't like the fact that we have it against the vaccine backdrop in the political discord, but it's how the markets work, so i'm not overly concerned at this point and i am watching jp morgan apple and i think these companies will crush it going forward. stuart: yeah, what about big tech, they will be the focus this week with everything going on. what is your take on the big tech companies right now and the democrats coming in more regulation, perhaps an effort to break some of them up up. >> here's the thing, everyone says big tech and somehow tried to paint every company with that brush. i think there is a different big tech, for example i would not loop apple in with facebook or amazon up against either of those. i think the companies

are very different and how they approach the future and that's how i look at it, so going forward if i'm interested in where we have been it will be something like twitter or parler, which will come under tremendous pressure the next few weeks. stuart: quickly, peeking up on something you said that you are quite happy with a bit of a pullback and there's a growing number of analysts who are calling for a correction in this quarter. do you expect that in what kind of correction are we talking about? >> you know, i think one to 3% would not be out of the ordinary right about now. first quarter of the year is a recession this year in particular will be a serious reset, but the trifecta remains intact. we have stimulus, strong earnings and people any to get out and stay out. i think the end of 2021 is a still going to be one for the record books ashley: very good. we will leave it there on it up no. keith fitz-gerald, thank you for joining us on

this bright and early monday morning. we have foxbusiness alert, social media parler officially off-line following amazon's decision to stop hosting the platform. let's bring in susan li. this is after being booted out by apple and google; right? susan: parler officially off-line and it may be a while before comes back online with parler ceo saying it will likely be let out-- down longer than expected in because amazon, google and apple dropping has met others aren't willing to deal with parler either. amazon said they cannot provide services to customers but is unable to effectively identify and remove content that encourages or insights violence against others, same reasoning from apple and google both booting parler off their apps store spirit screenshots should another social media platforms appear to show parler users openly

discussing plans for violence. that includes retribution against democrats that conservatives say is biased against their voices. we have california congressman devin nuñez over the weekend saying it's against the law and the rico statute which is the correct organization act i'm a but i would yacht these are private companies and they can do whatever they like. stuart: well, that is true, suzanne. thank you. i went to bring in now if we can fox news country bitter and former arkansas mike huckabee. good morning, governor. i think this is some scary stuff. who makes these people the gatekeeper of the public square? clearly they are bias. your reaction? >> well, ashley, it's worrisome in part because this is so unbelievably un-american. this is the kind of stuff you fully expect an experience when you go to china, but it's

not the way we have done business in america because we don't like someone's ideas. you don't try to unplug the very source of the ideas from the other side. this is equivalent to taking people's electricity way because you don't like that they watch a different television station then you. i know people in the free market world of conservatives we don't like a lot of government in for-- intervention, but at some point the justice department has to step in because i don't think congress has the guts or the will to do it. this is antitrust. its monopolistic and frankly, it's a squelch on the very existence of a nation built on liberty and free speech. ashley: well said. next one, governor, today the house is expected to move forward with its plan to impeach president trump if he's not remove. i want you to listen quickly to what nancy pelosi said to "60 minutes".

>> the 25th amendment because it gets rid of him, he's out of office, but there is a strong support in the congress for impeaching the president a second time. this president is guilty of inciting insurrection he has to pay a price for that. nothing is off the table. ashley: governor, shouldn't president-elect joe biden weigh in on this? i mean, isn't a big distraction from what he's trying to accomplish? how does this play out? >> it doesn't fit into the narrative of his wanting to bring the country together and have this unity campaign. he missed an opportunity friday. he was asked the question and instead he dug a deeper and pretended it's not on his plate and something for congress or keystone leader of their party. he's about to be the leader of the free world he most certainly needs to weigh in, but i what i hope people understand is it's not so much about donald trump. everyone wants to make it about him and as a

focal point, but the big tech issue and the impeachment. it's about the 75 million people who didn't vote for the last. this is about those people out here in the middle of america who are tired of being looked down upon and feeling condescension of the elites and this is their way of basically shoving it up our noses and telling us that we just don't matter and we aren't a part of the america they want to run joe biden needs to come out and say it, but i'm not sure if someone doesn't put it in the script in front of him that he would understand what he needs to say, but this impeachment talk i mean seriously, how can they believe this is good for the country? donald trump will be gone january 20, so if that is their concern it's over. they need to worry about dealing with covid, dealing with the economy , getting people in small business back up and running and this does not contribute to that one iota. ashley: ten seconds, now the

democrats went to shut down president trump remember running again. quickly, your thoughts? >> isn't that the role of the voters? they will decide if he will run again and if he should be elected. that's their job. ashley: very well put. we will have to leave it there. a governor mike huckabee, thank you for joining us. we appreciate it. >> thank you, ashley. ashley: some big-name companies by the way, are suspending donations to lawmakers who objected to the electoral results. lauren, good morning. which companies are we talking about? ashley: hey, ashley, good morning. marriott started this, but they aren't the only ones. you have marriott, blue cross blue shield severing ties with the republican lawmakers who backed president trump's claims of election fraud and you can add in some things to that, goldman sachs and morgan stanley are considering a move. citigroup and j.p. morgan are planning to

pause on political donations entirely for a short. backup time, but bottom line is big business using their wallets to condemn the approach ramp rioters who stormed the capital last week leading five people dead, ashley. ashley: thank you. house speaker pelosi, by the way, was not happy after she was asked this question. just watch. >> why does aoc complain that you have not been grooming younger people for leadership? >> i don't know. you will have to ask her because we are. >> that was kind of sharp, kind of dismissing her. ashley: it was, was it? she does not like to be challenged and we will talk about that. also, after unused vaccines are thrown in the trash-- can you believe-- new york governor andrew cuomo finally loosening the rules on who receives the vaccine. dr. marc siegel will be here with his reaction and more, but first

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kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call for $1,500 off your kohler walk-in bath. visit kohlerwalkinbath.com for more info. ashley: welcome back. taking a quick look at the features ahead of the (up in about 14 minutes. the dow jones as 300 and the nasdaq down one the senate the same story for the s&p on your screen right now are new yorkers who are finally eligible for the vaccine , but it comes after unused vaccines

were thrown in the trash. because of the states strict vaccine guidelines. good time to bring in dr. marc siegel. doctor, we have been waiting so long for these life-saving vaccines and now, we are getting reports that they are being thrown in the trash. what's going on? >> that's a deeply disturbing, actually. 1.2 million doses delivered to new york state, 400,000 have been given and as you said the guidelines were imposed rigidly. they made clinics and hospitals afraid that if they didn't hit them specifically front-line healthcare workers they would get fined by the governor so they ended up discarding it. over the weekend he has actually liberalize some of this so you can get it if you are an essential front-line worker, police, fire and even sad look-- i was saying this last week, what about people delivering your food, custodians wheeling a

gurney down the hall, what about someone in the cafeteria that interacts with hundreds of day and so finally the governor said for that, but ashley, what about people between 65 and 75 years of age. a lot of people in that group get sick. what about people with diabetes, heart disease and obesity? they are not on the list we have to broaden this and get as many vaccines out as possible and into people's arms. ashley: the way it is is going and i think i read this over the weekend is that the chance of having heard immunity is not going to happen this year because the rollout is slow. is that true? >> yeah, that's probably true. by herd immunity we mean you have immune barriers to spread along with you know people less susceptible. i went to add one point, we think 21 million people in the united states have had this and it's probably more like 40, 50 or 60 million so that a barrier to spread

as well. we have to ramp up the vaccinations we are doing and you are about to ask me a new vaccine and i had to tell you by march or april we could have boy or-- for vaccines to use it if we could get 100 million doses each, we will be able to do it. ashley: interesting. the question that came up over the weekend with talk about a lot of people who are asymptomatic and show no signs of having covid-19, but they are carriers and they may be spreading it around. how long does the virus last? is it the same amount of time with someone who shows symptoms of covid-19? >> actually, i like the cdc's guidelines on this they say once you have covid, you are probably okay after seven to 10 days where you won't spread it. to your exact question, those who are asymptomatic are not spreaders longer than those who have symptoms, most likely a little

less so the figure somewhere between seven to 10 days after exposure. if i test you and your rapid test it may stay positive for a well. a pcr test may stay positive for a while, but it doesn't mean you're shedding active virus out the magic number is 10 days right now. ashley: quickly, i read there may be another variant of the virus discovered in japan, different slightly to south africa and in the uk, but are you still confident these vaccines that have been put out our effective against these new types of variance? >> so far so good. the pfizer vaccine was studied in the laboratory now and has a shown it's working against that variant. i'm concerned about variant coming out of south africa, but overall the vaccines-- if so many targets are met of spike protein

most likely they will work against the variance, but it's an added incentive to get everyone vaccinated as soon as possible. ashley: just the thought of throwing the vaccine in the trash is disturbing. dr. marc siegel, thank you so much. let's look if we can add johnson & johnson. wall street analysts cautiously optimistic about its vaccine. lauren, details, please. lauren: i think doctor siegel was also, he said four vaccines could be on the market by march and april and this is the fourth, the one shot johnson & johnson vaccine. they are expected to have the results of their phase three trial, 45000 people by the end of the month determining the safety and the efficacy. analysts are bullish because this is one shot using a different technology then pfizer and moderna so it could be scaled up fast and

you can store it in a regular refrigerator for three months so we were just talking about dumping vaccines and this last longer on the shelf. if granted approval, j&j said they can make at least a billion doses by the end of the year, ashley. ashley: that sounds promising and also lauren, one more the uk apparently considering tightening virus restrictions more. what are they looking at? lauren: wow, okay, then i'm basically exercising with anyone but yourself. right now two people can work out together, but what a lot of bricks are doing is using that as an excuse to have coffee with a friend in a park and also wear a mask at all times both outside and inside in the workplace. there are reports that people will only be able to leave their house one time a week. we will see what they decide. the issue is, people are so fed up there that they aren't adhering to the lockdown measures in

place. look, people were out and about over the weekend trying to do something in the virus is a spreading so they may double fines as well ashley: yikes. cabin fever strikes hard think you. thank you. as we have the opening of the market coming up next and looks like we will start on the downside. we will be right back. ♪

ashley: lets a look at those futures with the markets opening in under three minutes and we expect red across the screen with the dow jones off about 1% and the nasdaq as well and s&p down close to 1%. let's look at big tech. they carry so much weight. on those in the red, facebook down more than two and half percent. definitely a down open. let's bring in jeff sica, you mention how there is no uproar from hollywood over the

support of the free speech, but what happens if and when big tech comes after them? >> here's the thing. silence is deafening from big hollywood. they have chosen to hide in the tall grass, to not address what they will say is the most important thing for them and that's free speech. this is the creative economy. they are creating the content they believe they should have their right to express themselves yet when big tech comes in and flexes their muscles the way they did, they decide to hide in the tall grass, say nothing and just hope that big tech doesn't set their sights on them, but what they will find out is they are next in line and if they don't take a stand, they are going to be told by the likes of tim cook that they need to make certain types of

content and foremost creative people, they don't like to be told what to do. they want to make money, not all of them want to be creative. they want to make money and they also want creative freedom and that is about to be taken away from them. ashley: its great free speech if it is of the opinion you share. lets me say this, jeff, you say bitcoin will hit 75000 this year. 40000 over the weekend at down now 15%. is this the mother of all bubbles? >> i don't believe it is, actually. i think what happened in the last week on this show i said it would hit 40, but i said take your motion sickness pills because this will be a wild ride and it will be around wide-- wild ride because the big dogs are at the table. the institutions are feeding on bitcoin and when they get in the game, they make it volatile, so they all

saw that 42 this week and a lot of them came in and took chips off the table, but let's face it, bitcoin is here to stay. ashley: we hear you, jeff. my pepto-bismol is ready on the volatility over bitcoin. jeff sica, thank you. at the opening bell ringing and we are off and running as we expect a down to start, certainly across the board at least that's what the premarket is. there you go right off the bat the dow jones down 20040 points are compelling and apple at the bottom, chevron on the top end, walgreens and merck in the lead positive. let's look at the s&p and by the way that dow jones, s&p and nasdaq all reached all-time highs last week so we are coming off of that with the s&p down close to 1% as expected, down 34 points at 3790. nasdaq, that gained

nearly two and half percent last week and today down more than 1%, down 1503 points, still above 13000 at 13048. let's look at twitter if we can. it should be way down this morning and indeed it is down 9%. susan, tell us what's behind this? susan: because of the permanent ban on president trump's account meaning there may be less daily traffic on the social media site: more than 189 billion visit twitter daily and president trump has over 80 million followers and lsa he was one of the main reasons twitter is still relevant. as you can see twitter's user numbers far less than say facebook which is nearing 2 billion, a portion of the 80 million the fall president trump are no longer active on the website on the platform and that's pretty noticeable. twitter like other companies are in a tough spot because if they shut down accounts they are accused of bias, but

if they don't they are accused of proliferating hate speech and violence , so it's tough for the social media players to toe that line. ashley: yeah, especially when some accounts are still open and also openly advocate violence, so it is-- i understand it's difficult, but there's a lot of hypocrisy as well. another one, a lot of companies getting price target hikes took let's start with google. susan: jeffries is calling google a $20150 stock this morning and also some right handling companies, lyft and uber with lift apparently worth $70 and uber 68 according to morgan stanley and we know with more vaccines, these may be getting back to normal and may hail these rides again. roku, a stock that will just not stop, $460 according to citigroup and we have seen roku almost double over the past year. snap and other social media company because of the ban on president

trump's twitter account on friday, snape is worth apparently $65 according to jeffries and it's one of those that has indefinitely suspended president trump's account and disney, the streaming wars. i noticed to his heart on that netflix shobha disney and disney plus may be worth hundred $10 with people staying at home watching online. susan: i know stuart and i question the historical accuracy is very well shot. susan: you have to see. ashley: i know, imagination. i take your point, susan. let's look at nvidia. it's up this morning nearly 3%. why is that, lauren? lauren: they partnered with neo- to be the supercomputer or the brains of meals self driving electric vehicle sold in china next year and one of those is a sedan and is pretty expensive starting at $69000. me out stock up 11%, so

the reason neo- george-- chose the media processors is because of their speed and as for the future of driving and at a-- every automobile maker knows it's completely electric so a win-win for both companies. ashley: self driving electric. thank you. let's look at by due, china's main internet search engine, the susan, they also want to start making electric car. susan: everyone seems to want to get in. they said this before a few years ago, then scrapped the plan but now it looks more like a reality since they are forming a partnership with that chinese automaker that owns the volvo brand and they will be responsible for making the cars in production line. domestic chinese electric carmakers of this world like neil and lee auto have had huge ears last year rallying as much as a thousand% in neo's case and we also saw record december

electric-- deliveries in the electric car market in china is expected to grow so they hope to get in on some of the action. we just had me out with the sedan over the weekend a big deal because it only makes suvs right now so it might be a rewriting on the stock. ashley: the ev wars are definitely heating up. one more forlorn if we can, lululemon, i believe they are down, after updating their fourth-quarter forecast. which changed? lauren: this is a heady scratcher, ashley. it was a great luminary report on how they did in the holiday quarter. the ceo had nothing but great things to say. we are investing in our clothing, our mirror device, connecting physically, connecting digitally with customers and even said profit and sales for the period ending january 31, would be at the high end of the previously given range. it means they didn't completely beat that range and they also didn't give an outlook

for the entire year because of the covid and wall street especially for this day at home winners and companies like lululemon are greedy and they set the bar high, so wall street wanted more. that's why these good results or planetary results are met with disdain on wall street. they want more. they have done so well, don't feel bad for him, but now they will get judged harshly. ashley: no one wants to be met with disdain. we got it. thank you. let's look at the big board, if we can. we have been open six minutes and 20 seconds and maybe coming back a little bit with the dow jones off 176 points at 30916. looking at the 10 year treasury yield, breaking through the 1% level recently and up another seven basis points at

1.27% on the 10 year, yields go up in the price of bonds go down. looking at gold, i know jeff's-- jeff sica is a big fan of gold and it's up again, $2. let's look at bitcoin took it was doing well for a while, but now it's plunged again, down 6285, down 15%. what happened with it i think it's profit taking given in the first week of the year we rallied 40% in seven days for the coin, we were down below 32000 this morning so a bit of a lift from the low levels. in total we saw $170 billion wiped out in the entire crypto space. selloff cryptocurrency and some say it's a bit of money coming out of these highflying digital coins and may be taking a breather and limiting it since we have uncertainty heading into inauguration day. still, i mean up, 300% of the past year, that's

still pretty good, don't you think we three i would say so, not to be sniffed at. susan, thank you. fox news host judge jeaniene pirro delivered this strong opening statement condemning the capitol hill riots just watch this. >> did anyone stop to think that with this foolhardy effort to disrupt the congressional hearing you have smeared 75 million of us? you have tarnished all the good that has been done over the last four years because of this senseless lunacy. ashley: franz liszt lunacy. what does she think about democrats who are prepping for another impeachment? i will ask for that question when she joins me in the next hour and democrats control of the senate creates a path to repeal last-minute term policies, so what is the most at risk? steve ford this year on that very issue in our 11:00 o'clock hour.

we will be right back. ♪

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ashley: welcome back. tesla down 5% or $45 today, but susan, they just got another price target height-- hike, to let? susan: $900 from bank of america commented at least $800 worth of the capacity expansion and more people buying tesla cars and tesla making more next year. we know tesla's strength in china has been a catalyst over the last year and lights up close to 700% the last 12

months and reports essay tesla is now hunting for a china design chief to specifically design cars for the chinese market that caters to chinese taste. tesla may be looking over their shoulders at the local arrivals as the meal was 11% this morning and that's because they need to make specific cars for that particular market. ashley: very true. thank you. elon musk now the richest person in the world with a net worth of $209 billion. he's worth a bubble to as they would say. let's bring in pierre ferragu, our tesla guy. great to see you. look you have always been bullish on tesla and you saw this coming, so my question is, how hike in the stock go? >> hello, ashley. it's great to hear that he's now the richest man in the world. he deserves it. he's these people who

just is immersed, i mean, he's bringing in 100% clean energy, making space travel possible, already cargo space of by 95%. good to become the richest man in the world took that's one interesting aspect of the story. jeff bezos being the richest man in the world , with very large and look at tesla today, barely 1% market share of the car market and elon musk is already the richest man in the world. very fascinating. it means-- innovation is unbelievable and investors anticipating

that innovation more and more, so i see video 2030 tesla will be the largest car manufacturer in the world, larger than volkswagen today, they will be the number one clean energy carmaker. they will be worth trillions of dollars. in the near term i'm a bit more cautious took valuation in the near-term, china would be my only cautious statement. ashley: i was wondering if there was cautioned her quickly, that all said, what is the biggest challenge facing tesla in your mind? is at the growing competition? >> no. i think competition is about-- in five years from now, but where this

ends today, you know it's a 15 year old industry the electric car industry and to have 15 years experience and they are playing with people who have between one and five years of experience so they still largely dominate. excessively high expectations now. there is no room for slide. ramping up new factories ashley: pr-- pierre ferragu, our tesla guy, still very bullish. thank you. appreciate it on this monday morning. twitter, by the way as you imagine facing backlash over what appears to be political bias and conservative censorship. my next guest goes as far as to say quote twitter is the enemy of the american people. the man behind the op-ed is david and he joins me next.

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ashley: an op-ed in the

federalist calls twitter the enemy of the people. you can see the banner headline and it david marcus is with us. he's the author of that piece there could david, thank you for joining us. make your case. >> two examples, the first is twitter is a suppression throughout this pandemic of 510 scientists like doctor scott atlas who argued against having lockdowns. we can now compare florida to new york, texas to california and see the only thing lockdowns were effective in doing was crushing the american people and improving the bottom line of a big tech and i would also say the suppression of the "new york post" story about hunter biden's laptop which turned out to be 100% true and accurate. they suppressed that and all the while a ridiculous life about it being russian disinformation ran rampant on its platform.

of those were done in their interest and against the interest of the american people. ashley: you know, you also say twitters safety rules have nothing to do with safety, but have to do with profits. what benefit does twitter get when it cuts out millions of people who have a conservative view? they are losing users. >> oh, i mean, they have gained politically enormously. when you look at the choices they are making, they all accrue to their own benefit. of the biggest critics of section 2030, which protects them from liability, for example, are president trump who had-- they have banned and people like josh holly so it's absolutely and twitters interest 2d platform the very people who are there most fervent attackers. ashley: what about parler, an alternative for conservative point of view fighting for its life. app stores google and

apple booting it out and apples at-- amazon said you cannot use our cloud platform. another example of big tech companies stifling free speech; right? >> of course. the liberal defenders of twitter like to point out they are a private company and free to do what they please, but they are not free to collude with facebook and google and amazon, some of the most powerful committees in the world to bar competition from the marketplace. competition that would allow these voices to flourish. and they are not free to pretend they are in a publisher that doesn't make editorial decisions when it's as clear is the summer's on that they are making a territorial-- editorial choices every single day in their interest. ashley: must not forget we have that ayatollah khomeini who is happy to tweet out death towards jews and supporting the riding last year, and a lot of hypocrisy here.

>> absolutely. if jack dorsey was a great humanitarian who is a great believer in truth, he would not allow communist china to lie about its concentration camps in the sterilization of muslim women and he does ashley: i think that says it all. david marcus, great stuff. thank you for joining us we do appreciate it. >> thank you. ashley: by the way, big tech may be running away from president trump, but they're running towards president-elect biden come i guess not a big surprise. lauren, details. lauren: and a look at google shares with alphabet down the most 1.3% so google and microsoft are among the many of the community donors for president-elect joe biden, not unusual as they both donated to president trump's inaugural committee in 2017th, but it's raising a red flag now particularly google amid this conservative purge after it suspended parler a twitter rival

permits app store for facilitating the capital attack last week. google is calling on parler to moderate contact plus a big tech is trying to close you to their new regulator which would be that biden administration. at least nine biden transition team previously held positions at facebook, twitter or google, working hand in glove. ashley: if they do. still ahead, stephen moore, judge jeaniene pirro, joe concha and steve forbes. the second hour of "varney & co." is coming up next. ♪ pay off my student loan debt. they were able to give me a personal loan so i could pay off all of my credit cards. . .

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♪. ashley: kanye west, flashing lights. saving the mood to the top of the 10:00 hour. hello, everyone, i'm ashley webster in for stuart varney. 10:00 a.m. on the east coast. what is it 7:00 a.m. out west. we still have a very big show ahead. this hour, jeanine pirro, joe concha, always fund to talk with him about social media, what is

going on capitol hill. former new york governor george pataki will be along. in the 11:00 hour, steve forbes, harmeet dhillon, congressman kelly armstrong. by the way the congressman signed a letter to joe biden urging him not to impeach the president. we'll talk about that. markets sluggish start to the week of a record breaking last week. as you can see the dow off 132 points coming back a little bit, down less than half a percent. staple story on the s&p. nasdaq though down nearly 1%. now this, joe biden will release his plan for a stimulus bill on thursday. he has confirmed the price tag will be high and cost trillions of dollars. that is high indeed. bring in steve moore, freedom works economist. great to see you this morning. steve, you weren't a fan i know of president trump's big spending plans i can't imagine for a second that you care for mr. biden's either? >> well the question ashley, how

big is this package going to be? i've seen rumors and, from discussions of some of the people that biden has appointed to some of these key economic positions that that package could be somewhere in the one to three, to three trillion dollar range when you include the infrastructure spending and other initiatives that president-elect biden has proposed. that is a giant package. of course every penny of that would be financed with debt. at some point tough wonder whether there are limits to how much the united states government can borrow. we are blessed with low interest rates right now. that is one of the things that really kept the economy going so strongly but, i just want to say this over and over again because it is so important, the most important stimulus to the economy over the next four or five months is going to be getting americans immunized with the vaccine. that is the stimulus, ashley. i don't believe we need another

2 trillion. by the way that is on top of the 2 1/2 trillion we spent in 2020 combating this virus. ashley: so you don't think the economy need something to bridge between now and when we have the vaccine out there and being applied liberally where we can actually say it is time to get on to something that is approaching normal? who knows when that is going to be. you would not like to spend another penny on small businesses that are industrial struggling to keep therapy doors open? >> i think for some of the aid for some of the businesses that have been shuttered and for some workers who have been put in unememployment lines a stimulus might make sense. government spending does not stimulate the economy. we should learn that it distributes money from one group of people to another. in addition to the vaccine, ashley, the most important thing is to get these blue state

governors like governor newsom in california and like my own state of illinois, governor pritzker and governor cuomo there in new york and governor murphy in new jersey, open up your economy. it makes no sense, no sense whatsoever that you have got states like florida and tennessee where i am right now and texas and utah and idaho are open for business and they have low unemployment rates frankly. the unemployment rate in half the states is below 5% right now. so, then you have got the other, you know, side of the spectrum of these states that have put their, put their businesses in a state of paralysis and doing complete damage. as you were just talking about on the show earlier this is zero evidence the lockdowns have done anything to reduce the spread of the virus. ashley: right. that's a very good point. we'll have to leave it there. i know you're in nashville, steve, because i recognize the batman building behind you. >> very famous, i'm in the very

famous arthur laffer studio which you guys use all the time on fox business. ashley: it is much revered and hallowed. steve, thank you very much. take another look that we can in the markets. same here. let's look at the market as we can see down across the board but coming back a little bit from a very low opening. on the dow less than half a pest. let's bring in dennis gartman market watcher extraordinaire. what is your take on the markets today? a healthy time to take profits after the record breaking last week? >> sure, why not. after all we've gone you there the past month 1/2 why shouldn't we have some correction. it is inevitable. it is healthy and that is exactly what's going on. i love stocks in october. i loved stocks in november. by the first and second weeks of december i thought it was wise to go to the sidelines. they continued to go higher. i think a little irrationally so but predicated upon a fiscal stimulus coming from a new

democratic regime. we'll have an awful lot of deficit spending coming in. that is fueled a lot of the rally but i think we're starting to see interest rates beginning to rise with the back end of the yield curve. we're seeing inflationary expectations continue to grow. it is having, shall have for a couple weeks now a deleterious impact on stock prices. is it healthy to correct? absolutely. markets do that all the time. that is exactly what is going on right now. ashley: you say buy big banks and sell bonds. banks start reporting this week into next week. you know what? earnings are going to be down on a year to year basis but you still like the banks? >> i like the banks simply because the yield curve is getting ever so much wider. the back end of the curve is going higher. long end got close to 1%. it is 1.9%. the long end will go to 3% before the end of the year is over and at the same time the fed will continue to keep the short end of the yield curve, overnight fed funds rate at or

near zero. they told us. i believe them. so the yield curve will get wider and wider. as i said here on the show widening yield curve makes geniuses out of otherwise banking idiots. that is an old saying that will continue. banks love ever widening yield curves. ashley: very quickly, dennis, i know what you're going to say but you're still not tempted to jump into that bitcoin, are you? >> no i'm not. i see no value in bitcoin to be quite honest. given 1000 years of valuation i will be interested. gold has been around for a long, long time there is some reason but bitcoin looks like the tulip mania of the 21st century. others done well, god bless them. they continue to do well if they do it they will do it without me. i wish them nothing but good success. i have my doubts they will continue to be that way so be careful. ashley: right. we get your message. i did some research. one tulip in the 1630s back in

holland was going the same price of the house. that is how insane tulips became. john -- >> john maynard keynes said the market can remain rational for longer than you or i can remain solvent. that is what bitcoin has done. ashley: we'll leave it at that. great stuff as always. dennis, thank you very much. >> thanks, ash. ashley: good vaccine news coming out from gilead and biontech today. lauren, what have we got? lauren: their drugs are effective against the more contagious variant of covid-19. start with biontech. it says its vaccinations works against the mutation, specifically one in the uk and south africa. this blew my mind. they can pivot. if the shots can prove ineffective against new vary rants they need six weeks to develop and deliver a new

vaccine. i found that remarkable. gilead don't have a vaccine but they do have the drug remdesivir. it is given to people in the hospital that have more severe ways of covid-19. they think that is effects -- effective against the new variants. the news on them they raised the outlook for the year. they gave the one example that blew my mind. if you're in the hospital being treated for covid-19, 50% of those people are given remdesivir. so it is very popular and effective. ashley: a lot of mind-blowing fact this is morning. we thank you for that. lauren, let's take a look at some movers if we can. susan, let's begin why not with eli lilly. susan: great sues with lily's alzheimer drug. results help with cognitive decline. that fights neurological disease. small trial but pretty positive news. look at boeing. it is down and leading lower after a fatal air crash

involving 7347 in indonesia that killed over 62. some another news here and deal news, staples is offering to buy office depot's parent for two billion dollars. that is roughly around $40 a piece. they're getting together to fight the online sellers. that is pretty positive for office depot. show you chipotle. they're looking to hire 15,000 this thursday on their national career day. if you're looking for work, why not apply at chipotle. ashley: yeah. that's good news. especially we had unexpected job loss from december reported at the end of last week. so that is good news. susan, thank you very much. take a look on your screen. these are the social media platforms that banned the president. it is not just twitter. look at that list. coming up we'll talk to media watcher joe concha. what does he think about all of this? there is nancy pelosi slamming the republicans in her "60 minutes" interview. roll that tape.

>> they did that after the silence. >> after the violence. shame on them. shame on 2/3 of the republican caucus in the house supporting. these people are enablers of the president's behavior. ashley: all right. coming up in the next hour we'll talk to congressman kelly armstrong. he also signed a letter urging joe biden not to impeach the president so he will make his case on that coming up but first, judge jeanine pirro slamming the capitol hill rioters for last week's attack and she will join us next. >> to those of you who did this, you did it of your own will and you will be held accountable. take the veil of politics off. be totally objective. anyone watching this must condemn it. ♪

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ashley: president trump heading to texas tomorrow. lauren, what is he going to do there? >> he is touting campaign promises that he kept to build a wall fortifying the u.s.-mexico border. he will be in alamo, texas. officials say 40% of the wall has been completed. that is 452 miles. the cost is about $15 billion. now the u.s. taxpayer will pay for some of that. mexico paying for none of that but why this is extremely important tomorrow is that this could be president trump's first public remarks since he has twitter to condemn the capitol attack last week f he says something, what will he say? ashley: all right. we'll find out i guess, lauren,

thank you very much. in her opening statement judge jeanine purpose row condemned the capitol hill riots on her show this weekend -- pirro. roll that tape. >> did anyone stop to think with the fool hard by effort to disrupt the congressional hearing you have smeared 75 million of us because of what you did? did anyone change their vote? no. you have tarnished all the good that has been done over the last four years because of this senseless lunacy. ashley: telling it as it is. let's bring in judge jeanine. judge, my first question to you should the president resign over this? >> oh, absolutely not. the president should not resign over this there is so much drama going on, ashley. the sad part of all of this there are some problems in the nation right now and everybody wants to play politics. look politics has already been played t was played on

november 3rd. the election was held. that is the end of it and unfortunately the republicans lost. now the democrats have to get to the business of taking care of small business, taking care of the pandemic, running the country. the more they dig in talk about impeachment. talk about tarnishing the president of the united states and taking him off of social media, the more 75 million people who voted for him will be angered and won't forget it. they're playing with people's lives. they're playing politics. it is not a good place to be right now in the united states. the hatred is so intense in washington that it is beyond anything any of us have ever seen the talk of impeaching a president for a second time is lunacy especially since he can't be tried until after he is out of office. and you know, this is all just, it is a sad day for america on so many levels. ashley: it really is and to that

point about the impeachment, alan dershowitz says, well he calls it a loaded weapon and dangerous to the constitution. what say you? >> well it's dangerous to the constitution and i agree with what professor dershowitz is saying is because you are then sanctioning or outlawing what is protected by the first amendment. you have got a president of the united states engaged in a political speech talking to 75 million people at the very least who are disappointed and to say we're now going to impeach you for this, for this speech which is political speech. it is protected by the constitution, protected by the united states supreme court. they can try to dress it up and dance around it as much as they want it will not change the fact if this president, if there is an attempt to impeach him based upon the language in his speech,

at the same time deplatformed conservatives and take the president of the united states off of a social media platform which is the way we communicate in this generation, then you know, i think unfortunately there will be a price to pay. people are not just going to forget it. let's stop fighting about this stuff. the president did great things. too bad you don't like him. you won. start doing good things. start to see if you can do any of the stuff he did for the economy and deregulation and providing for jobs. stop with the nonsense and the hatred. if you watched nancy pelosi on "60 minutes" last night, she is one angry woman. ashley: she is so bitter it defies description. last one, judge, i want to get this in, we've got clip from your new "fox nation" show which sounds terrific, "castles usa."

tell us what is going on? >> dining with a spirit. >> private dining room. we call it the jail room. for a price we can lock you in as well. this is a funny little room. come in. >> you go first. ashley: now that is a plum assignment, judge. what's the show, what is it all about? >> well you know it was during the pandemic. i thought to myself, nobody's traveling anymore. i started researching found out there are a lot of castles in the united states. americans need to look at what we have in this magnificent country so i started touring castles. i found dungeons. there is always the haunted room. but i found magnificent french architecture as well as italian renaissance architecture, some of the biggest castles in the country from the breakers in newport, rhode island, they are

magnificent structures. ashley: they look terrific. looks like a fun program to watch. we wish you the best of luck with that on "fox nation." thanks again for joining us this morning on this monday, judge. we do appreciate it. >> all right. thank you, ashley. take care. ashley: yes, you too. vice president mike pence and second lady karen will be attending president-elect joe biden's inauguration later this month. last week president announced on twitter when he could he would not be attending. biden said that the president trump not attend something quote, quote, a good thing. next case for you, let's move on. some big-name companies suspending donations to lawmakers who objected to the electoral results. lauren, what kind of companies are we talking about? lauren: a bunch. look at them on the screen. hotel marriott, insurer blue cross-blue shield and anthem. severing ties some with the republican lawmakers who backed trump's claims of election fraud

but others, i will put the banks in here, goldman sachs, morgan stanley, considering the move. citigroup and jpmorgan, they're pausing all political contributions temporarily. no one is getting anything from them for about six months. so this is big business speaking up, using their wallets to essentially condemn what happened last week at the capitol. ashley: all right. thank you very much, lauren. let's leave it this. hundreds of thousands of users by the way flocking to the social media app gap, gab, after president trump's pandemic from twitter. another conservative app officially goes dark after getting the boot from amazon, apple, google. >> i never thought we would live in a country where things like this would happen, coordinated companies canceling your, your, what you're doing. essentially the site is down. it is just a black hole. ashley: he's right.

joe concha says big tech censorship of parler proves they are monopolies. he is here next. ♪. wanna lose weight and be healthier?

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ashley: all right. let's look at those markets. all three major indices finish at all-time highs this week. this beginning of the new week, oaf just a little bit. still coming back the dow was off 94 points. it was off 250 points at the start. the s&p down half a percent. the nasdaq too coming back a little just down 92 points. let's take a look at the social media stocks if we can. they are dealing from the backlash on the decision to ban or limit president trump's access to their sites. snap up but the rest down. susan. susan: from worse levels. twitter was down 10%. all three of these social media outfits and platforms indefinitely banning president trump as we know. rethinking, what does it mean for their business. look at daily active users twitter might be the most

impacted they have the smallest between facebook and snap and twitter, they have only have 189 million daily active users. if you think about president trump's 88 million followers. that accounts for 50% of daily active users. some argue without president trump using twitter as much as he has over his administration, twitter would not be as relevant as it is today. so the thinking it the ones hurt the most is probably the bluebird and twitter in this case. ashley: yeah. i understand that. all right, susan, thank you. social media app parler officially going off-line after amazon, apple, google pulled it from the app stores. listen to the ceo speak with maria bartiromo earlier. take a listen. >> nobody has presented any credible piece of information or evidence that you know there is any problems on parler that don't exist on other platforms so this is really a double standard. it is about giving preferential

treatment to certain people and taking it out on others. ashley: it is hard not to argue against that point. let's bring in fox news contributor joe concha. i mean, i mean it is as plain as day, is it not, that the conservative view is being edged out? >> bias in broad daylight, ashley. that is a good way of putting it and the thing with parler, apple argues, for instance, you have to clean up the comments section, you have to moderate the site better. if you go to any political publication or blog online, go into their comment sections it is, it is horrific down there quite frankly. so this should apply to every company and every publication but of course parler since it caters to conservatives seems to be getting the brunt here. but again, you brought up the stocks before. twitter is taking a pounding. we're talking about billions of dollars it is losing on paper as a result of this ban on president trump. you have to wonder, ashley, around the timing around this,

that suddenly twitter decides to take trump off its platform. is that because the democrats took the senate last week and therefore control the congress, senate and oval office? is this a hey, mr. biden, let's not really go into the whole section 230 thing because we got your back here? ashley: maybe. i wouldn't be surprised. just hours after twitter permanently suspended the president's account for inciting violence the platform, if you looked at it, allowed calls to quote, hang mike pence. that was trending on the site. >> right. trending means for those at home, five people who are not on twitter, that means one of the hottest topics on there. the not like twitter missed it because there are billions of tweets. it was towards the stop. they let it sit there for a while. the bottom line, parler, twitter basically said regarding parler, if you don't like us, go invent your own platform. what happens when your own platform getting invented and becomes popular, apple, google,

amazon conspired to recommend nate. where is half the country have a voice? will we live in silos with people we agree with instead of exchanging opinions which is the point of social media. ashley: what is the solution? gatekeepers to the public square are bias, cutting out basically 50% of any political argument if not more? what's the solution? >> they all seem to be monopolies, don't they? facebook is really no competitor. twitter, obviously if they're a competitor comes along as i said they will be killed. so i don't know what the solution is. you're not supposed to say that when you're doing these sort of segments, i don't know i guess breaking up those monopolies, ashley, the only way to go, people argue this is first amendment issue. no, these are privately-held companies. they are huge that control the discourse. 70% of adults, ashley, get their

news from social media. like what newspapers, radio used to go be in the 20th century. this is what is going on in the 21st century except there is no regulation around it whatsoever. ashley: so many examples you can point to, joe. the ayatollah khamenei who often calls for the death of all jews. colin kaepernick in the middle of last year supporting violent rioting saying it is perfectly fine. how do those accounts, some more like them not violate so-called guideline safety guideline rules. it is ridiculous. >> what is the leading state sponsor of terror according to the obama and trump state departments. it is iran. what does twitter do? let's leave that guy up. who just doesn't threat err people but whole countries. cory booker, my state of new jersey, told activists to get up in the face of some congresspeople in 2018. that tweet is still up. hillary clinton says you can't

be civil with a political party that doesn't support what you stand for. that is still up. there is no consistency. some people may think it is because after political bias, ashley. go figure. ashley: could you be on to something, joe concha, great stuff, joe. thanks for joining us this morning. we do appreciate it. >> all right, sir. good to see you. ashley: good to see you. another conservative social media app, gab, g-a-b, is actually seeing surging growth. how much, lauren? lauren: lauren: its ceo gab gained 10,000 users per hour after president trump was booted from twitter. the growth keeps on growing. over half a million users on saturday alone. what do we need to know? about gab? it was founded five years ago. it is promoted as a platform for free speech. if you go on you see like twitter has the main feed area. you don't need an account to use it. you can see what other people are gabbing, if you will.

it does not moderate content. as for being implicated, some people are saying look, people were using gab to for the violence last week but the ceo says, well, most of our users use it on their desktops. so you're not going to be protesting with your desktop in your hand. nonetheless. go on. you see some interesting comments. i am looking right now. ashley: good stuff. lauren, thank you very much. next one stripe, announcing it will not process payments for the trump campaign anymore. susan, what is stripe? susan: a financial technology, fintech as we call it. it handles car payments for millions of its users. they will stop doing that after last week's capitol hill violence. so no more processing for payments to president trump's website or online fund-raising apparatus. stripe joins a long list of technology companies cutting ties with the president. twitter, facebook, snap, paypal,

shopify. stripe has disabled accounts as well. stripe has done this before in protest after some violent events like last year. they cut off payments to gab which is twitter alternative after the pittsburgh synagogue shooting three years ago. ashley: susan, thank you very much. the democrat divide on full display. listen how nancy pelosi responded when asked about alexandria ocasio-cortez. roll the tape. >> why does aoc complain that you have not been grooming younger people for leadership? >> i don't know. you will have to ask her. because we are. >> that was kind of sharp, kind of dismissing her. ashley: you can tell how old school, i keep saying roll tape. there is no tape. we'll get into what nancy pelosi had to say coming up. we'll also talking about joe biden student loan for giveness plan. how much would it cost the country. we've got the very big number

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♪. ashley: markets have been open just over an hour now and as you can see the dow has come back from down 250, close to 300, now down just 81 points. same story on the s&p and nasdaq, both down half a to .6 of a percent. let's look at oil now if we can. the price of oil is currently trading at $52.06 a barrel. susan, goldman says the oil market will make a comeback faster than expected, right? susan: think $65 a barrel by this summer instead of the end of the year. that is for brent crude, international market that

translates and implies higher prices for west texas what you're seeing on the screen right now. that is 20% up from these levels, double-digit gains, right? the reasoning for goldman, they expect more supply cuts from saudi arabia especially in shift to power from the democrats to the u.s. less oil supply and tighter markets and higher prices. ashley: somewhere stuart varney is saying i'm going to pay more at the pumps, not fair. you know that. varney counts his pennies. jobe isn't even president yet but there is already a push for green energy. jeff flock is at a solar panel installation in chicago. jeff, are more of these expected around the country? reporter: i think we're going to wire up stuart's house. that is my next goal to get him on green energy, yeah. this is what it looks like if you get solar on your roof. these guys are up here. the company is grne solar,

evanston, illinois. whoa, we almost lost a man on live television. how about that. you didn't see that coming. there you go. >> that is what the safety equipment is for. reporter: why they have a harness up there. beyond safety, president biden, president-elect biden, if we put the word from his promise up, i read it, ashley, biden will invest 400 billion over 10 years as one part of a broad mobilization of public investment and green energy and innovation. we're with eric peter man, ceo of this company, that money should go? the lobbiests are already lining up? >> yeah. it is a lot of money. fortunately president-elect biden is very pro-renewables, i think that will be great for our industry. $400 billion could go a long which with efficiency. reporter: talk about efficiency, a lot of people are suspicious, today is a classic day in chicago. it is gray. not a whole lot of sun.

is the technology where this place can be viable? >> anywhere you can collect sun and produce energy moving electrons around will be productive for you on site. there is definitely enough sun in chicago to make this viable. incentives, return on investment is the biggest piece for it. reporter: gotcha. appreciate it. we'll be here throughout the day, ashley. we'll tell you later what a toll lar panel looks like, how it all works, whether we think it is going to work period going forward? ashley: certainly could use some solar heat, no doubt. i hope those guys are getting well-paid up on the roof. it is dangerous work. jeff flock, great stuff as always. reporter: okay. ashley: let's look, let's take a hook at tesla if we can. elon musk's car company getting a price target hike from b-of-a. susan what did they raise it too?

susan: $900 for bank of america. tesla ending the left send-day winning streak, giving up little bit we should say. this is profit-taking. they are looking at a new chinese design chief according to reports. that means to make cars more tailored to the chinese market. i want to bring up nio which hit a record high. he unveiled the first sedan. they only make suvs. the battery technology was really impressive. the battery foes twice as long as la as's does. is that impressive? ashley: indeed. nio getting a nice pop. trying to get the governor newsom recall vote on the ballot coming up nine weeks away. we'll come talk to harmeet dhillon on the likelihood the petition will get the 1.5 million signatures needed.

unuse vaccines were thrown in the trash because of new york's strict guidelines. we'll talk to former new york governor george pataki over mr. cuomo's handling of the vaccine roll out. ♪. [laugh] dad i got a job! i'm moving out. [laugh] dream sequence ending no! in three, no! two, keep packing! one.

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ashley: all right. now this, you are going to look at the list of new yorkers who are now finally eligible nor the vaccine but it comes after 10 of thousands of unused vaccines were actually thrown in the trashcan you believe because of the state's strict vaccination guidelines. let's bring in bryan llenas live in new york. bryan, they're creating mass vaccination sites now, right? reporter: ashley, good morning one of those sites is behind me. this is the brooklyn army terminal. one of two mass vaccination sites that opened in new york city yesterday. eventually in the coming weeks there there will be five of these megavaccination sites. vaccinations happening here here, 24 hours a day. reservations have to be made online. this as new york is expanding their distribution network, giving out vaccines to hundreds of pharmacies by the end of this week. they're also expanding the

eligibility. it is not just for nursing homes and front line health care workers. starting today people 75 years and older, teachers, first-responders and transportation workers can now get inoculated. all of this is an effort to speed up what has been a painfully slovaks nation rollout. 64% of new york's vaccines were currently just sitting in freezers. nationwide, 70% of the 22 million vaccines sent out to states are unused right now. for days new york city's mayor bill de blasio has criticized new york governor andrew cuomo for its strict vaccination guidelines that really didn't allow them to vaccinate anybody other than those front line health care workers. that has caused some clinics actually to throw away unused vaccines which is just unbelievable. some hospitals are simply also not vaccinating fast enough.

other hospitals are giving them to ineligible workers. talking about young grad students and hospital administrators that should not be getting it. there is also supply issues. at this pace, ashley it will take 14 weeks for new york to vaccinate their essential workers. so about april 16th, which means the general population 64 and under, 64 years of age and under will not see a vaccine until this summer. on top of all of that, there are serious issues about vaccination hesitation. 40 to 60% of staff at nursing homes and assisted living facilities nationwide are choosing not to get vaccinated because of misinformation on social media. primarily a rumor somehow these vaccines lead to female sterilization. that is not true. completely untrue. ashley. ashley: yeah. unbelievable. all right, great report, brian, thank you very much. bring in former governor of new york george pataki.

governor you heard brian's report here in new york. a staggering 64% of doses went unused. expired doses literally thrown in the trash. your reaction to that? >> it's a disaster. worse than that, it's cruel. vaccinate people yet because the state had such hideous restrictive rules until today, throwing out vaccines when they could have been used to save peoples lives. nursing home scandal revisited. same government run by governor cuomo, making the wrong decision and holding every single community in the state. thank god they finally stopped it. ashley: i also wanted to talk about mayor de blasio was also critical but in the pass you have been very critical of mayor de blasio. you said manhattan was in jeopardy and that the mayor was a disaster. do you still feel that way here in the new year?

>> i do but in this case i happen to agree with mayor de blasio. [inaudible]. he has been right on this number of -- governor cuomo -- ashley: all right. so sorry, the audio, it is fading on you. unfortunately. we'll try to get you back, governor pataki. the audio is breaking up. we really do what you want to say. thank you so much. i want to stay on new york if i can. two local bars could be making history by being sold for bitcoin. that is fascinating. susan, how would that work? susan: 25 bitcoins or 800 ether, that is another digital coin. $800,000 at those current prices. one of the bar owners justifies the sale saying crypto is on fire and probably has more upside. no one will argue with that. his hell's kitchen bar used to employ 50 but now five or six. not just bars you can buy with

crypto. you can buy private jets for crypt toe. you could have gotten a six-year-old gulf stream g-6 for $40 million or bitcoin. booking.com travelers can book and pay with cryptocurrencies instead, offering a 25% discount on booking.com if you use the crypto instead of just cash. isn't that interesting? ashley: fascinating. really, susan, thank you. an american airline pilot was heard threatening rowdy trump supporters on friday, right, lauren? lauren: it sure was. a friday flight from washington d.c., where a lot of the mayhem was to phoenix, arizona. let's listen to what went down on that plane. >> usa. usa. usa. usa. usa. >> listen to me.

four 1/2 hour flight on phoenix, we'll put this plane down in the middle of kansas. we will do that if that is what it takes. >> wow. >> wow. lauren: ashley amid the chanting some of those passengers weren't adhering to all the guidelines like wearing masks. the pilot got on the loud speaker, set them straight, if you doesn't obey i'm dumping you off in the middle of kansas. ashley: like the parent saying if you don't stop i will turn around. lauren: sometimes we do that. ashley: yes. kelly sadler. harmeet dhillon. we'll talk to congressman kelly armstrong. he is introducing articles of impeachment would only divide the country even more. stay with us. third hour of "varney" moments away. ♪. or what's trending.

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>> it is absolutely in twitter's interest to the platform the very people who are their most attackers. >> the silence is deafening from fake hollywood. when big tech comes in and flexes their muscles the way they did they decide to hide in the tall grass but what they will find out is they are next. >> the most important stimulus to the economy over the next four or five months will be

getting americans immunized. >> we think tony 1 million people in the united states have had this and it's probably more like 40, 50 or 60 million. >> the trifecta remains intact, stimulus, strong earnings, people wanting to get out and stay out. i think the end of 2021 if that is what you are setting up for it will still be one for the record books. ♪ ashley: let's get loud says j lo, 11:00 a.m. on the east coast on this monday january 11. already i'm ashley webster in today for stewart's morning print let's take a look at the markets for you. all three of the major industries up from last week's record highs may be a little bit of profit-taking but nothing too drastic but the dow is up 100 points in the nasdaq down three quarters of a percent, s&p up half a percent, big tech is dragging the market today just a little bit. buckle up but third hour of

burning comedy begins right now. ♪ ashley: and let's get right to it. why not? the democrats will soon hold power in the house, senate and the white house. that much will make it or that certainly makes it much easier for president-elect biden to repeal trump era policies. that is for sure but let's bring in steve forbes to the show. steve, good morning to you. >> morning. ashley: what stays and what goes when it comes to donald trump's policies? >> certainly in the regulatory side they will try to use the congressional review act to repeal a lot of the deregulatory roles they put in place. they can go back to rules over 1,300 since august they can repeal that way and also they will do it by executive order in

these agencies. that will hurt the economy, especially small businesses unfortunately, they have control of both houses of congress and only need a majority to invoke that congressional review act and they seem intent on doing it. that will affect labor regulations and other regulations which will put more costs on businesses at a time when that is not a good thing. ashley: well, that said joe biden says this thursday he will unveil his trillions of dollars contained in his stimulus plan or does that give a boost to the economy? is that a good idea or is that just way too much spending? >> the idea that government spending ultimately leads to sustained economic growth is preposterous for you can get a short-term boost from it but they forget where those resources come from. they think it comes from a printing press but in the real world it has to come from resources created by people in the economy. when you do that ultimately you set up for a slow economy.

if that spending work the soviet union what event the triumph of economic power when we would quickly have gotten out of the depression in the 1930s but it just does not work but hey, bad ideas survive like monsters in movies and keep coming out of the swamp and about to get another iteration of this bad movie. ashley: i can see the image and it's very vivid. alright, i want to get to this point, steve, if we can prophetic says is now reviewing all your political contributions but now they're caught up in this if a company does not come out with a statement like that and people will look at them as if this is something we will see for the near future and companies now saying i'm not going to pull back on our contributions and what impact does that have? >> short-term not much, j.p. morgan announced a lease for the first quarter they will not make any political contributions, democrat, republican or whatever. i think hopefully that will be part of the trend of everyone taking a deep breath and trying to figure out how to get this

country moving again. we have great challenges but also great opportunities ahead, especially in the area of healthcare. ashley: next one for you, steve. forbes magazine editor randall lane is warning companies not to hire trump administration officials writing in an op-ed right here quote, a truth reckoning. why we are holding those who live for trump accountable? what do you say, steve to that? >> that is the opinion of our chief content officer at forbes unlike twitter, unlike facebook, we value diverse opinions we have by diversity of opinions. my own feeling is this hearts back to the time of blacklisting we had in the 1950s, the hollywood ten and the like sanctioning people that is ugly for the culture, ugly for politics but again we've got to look forward to the future but again we value diversity of opinion and you can see that in the content we have online.

unlike twitter we get diversity in forbes in terms of opinion. stuart: . ashley: free speech is a great thing. final question for you. should investors be preparing for rising inflation. do your member inflation? almost forgot about it and should we prepare for rising inflation this year? >> the answer is sadly absolutely yes with the jillions of dollars from the covid relief funds which were needed and the big spending ends were likely to get in the next few weeks for yes, inflation will be coming back and the value of the dollar is already under pressure and even though nobody seems or people are paying attention to the possibility the federal reserve is setting us up for real trouble down the road and investors had better be aware of that and they should dust off the history books of the 1970s when we had a terrible inflation and what that meant for the economy and the value of their stocks. ashley: we will have to leave on that note sadly but steve, great to see you this morning print

thank you for joining us and we do appreciate it as always. to one of the bigger stories of the day part president trump social media shut down. let's bring in former america first action committee case and director kelly sadler paid kelly, good to see you too this morning. the president hinted at a big announcement soon. do you have any idea what he's talking about? >> i do not go there has been rumors that the white house is preparing remarks for the president to speak on this issue either today or tomorrow. i think we will definitely be hearing more from the president on this and we all thought coming this walk out. we saw it coming in the election while we were in the election and we had our ads d platforms and the new york post story on hunter biden that it was censored and cannot be shared and after wednesday's horrible, you know, catastrophe i just knew that would be an excuse for the social media giants to

censor and censor all conservatives. ashley: as we take a look at the house floor, if we can right now, any moment we understand that democrats are expected to introduce articles of impeachment. your thoughts on that, kelly, nine days left on this and ministration so what are your thoughts on this effort of impeachment? >> i think joe biden gets an opportunity at the end of last week to shut this down. if joe biden wants to unite this country, impeaching a president who has nine days left in his charm is not the way to go about it. there are 75 million people who voted for president trump, who want to feel included and want to have their voices heard and this is not the way to do it for this is a sick partisan vendetta that they had against the president since 2016, quite frankly. ashley: there have been republican lawmakers who say

that the president should design in your thoughts on that? >> no, he has nine days left. let him and is a ministration sort out these nine days and for the people who don't ever want to see or hear about president trump, they don't ever have to see or hear him but he will be a force in american politics. there is no other politician who could go to any state in the country right now and have thousands of people fill up a stadium to listen to what he has to say. his power is going to remain but he will not hold the office of the presidency in nine days. ashley: what about in four years? has what happened last week somewhat tainted and ruined his efforts to come back in four years, yes or no? >> i don't believe so pure it a lot can happen in four years and we can allot happen with the presidency. we saw charlottesville happen in the covid crisis, whatnot. the president is made of teflon

and his ideas and policies are popular. if there is someone else in the party who can mirror his policies without some of the his twitter account and some of the more forceful things he says that people don't like and i get there's a real path for someone to emerge within the republican party and lead it. ashley: alright, we will have to leave it there. kelly sadler, great stuff. thank you very much. >> thank you. ashley: let's take a look at the markets. susan, what is moving today? susan: record stock and last week and the first week of the year you had these mega tick stock names, apple, amazon leaving the industry's lower today and when the chilean dollar plus giants moved they get the rest of the markets along with them. staying -- same attack. check in with twitter and facebook selling off of course after both announcing indefinite fans of president trump and twitter down as much as 10% to start off the session but they had a bit of a comeback of sorts and twitter probably at most risk of losing users as a result

since i have so few daily actives compared to facebook and over 2,000,000,001 stock i want to show you is roku, up today after citigroup said it's worth $460 confirming last week that it expands further into streaming content but the stock is up 200% over the past 12 months. ashley: it's been on fire no doubt heard susan, thank you very much. as we just mentioned the house introducing articles of impeachment this morning. in the meantime senator marco rubio warning big tech is headed towards monopoly power. roll that tape. >> democrats are about to take power and they can use this as a way to get on their good side to avoid any sort of restrictions or any sort of laws being passed that hurt them. ashley: president trump is expected to take on big tech in his final days in office but how will he do that? i will ask harmeet dhillon next.

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what does it do bud? it customizes our home insurance so we only pay for what we need! and what did you get, mike? i got a bike. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ashley: take a look at this, protesters marching outside the california state capitol or just standing there looking at it and pushing to reopen the golden estate and that is why they are there to get the message across and this comes as more than 1 million people have signed a petition now to recall governor gavin newsom. they need 500,000 more signatures by march in order to get a recall vote. good time to bring in harmeet dhillon. harmeet, good morning to you. i guess the question is will

newsom be recalled do you think? >> i think the recall effort is very well on track and the million signatures that you mentioned art million signatures that have been internally verified by the campaign so those are pretty good signatures and we've also had an infusion of capital into the campaign which is critical to get us across the line to have paid signature circulators to help get us across the line so it's good for that to happen so the recall should be on the ballot and we know the governor is sweating based on news reports and it's important for california to have a change in leadership. ashley: yes, i would agree with that one. the president will reportedly take on big tech during his final days in office. i guess what action should you expect? >> we have heard the song before unfortunately and there has been a big struggle inside the white

house between the president's advisers on this and unfortunately the president listened to the advisors i thank you said we should not have major reforms or alleged date of reform and so we did not have it. he had an executive order before then reportedly put the brakes on some of his big tech censorship and look where we are now for this is the height of censorship in america and i'm afraid it will only get worse. i'm afraid there is very limited time left and perhaps he could do another executive order. ashley: is it ever when conservative points of view don't fit with silicon valley, is that ever good? >> it is been that era for the last four years and gotten worse and worse and you know those on the conservative side the my free market, those who think they can kill they have been shown to be fools today frankly and what were seen in the next wave is conservative journalists who will be d platforms, mere voters and supporters of the

president we see in congress efforts to call rallies terrorism and rights of privacy all demagoguery and doublespeak and nothing could be done about it at this point unfortunately. ashley: i think you're right. harmeet, thank you for joining us this morning. much appreciate it. thank you. now this. you know the videogame industry has been booming during the pandemic and lauren, i guess it's only up, up and away from here. lauren: yes, 2020 want to be a good year ashley because the lockdowns continue in new consoles released late last year on the markets if you can find one. that means we will get a lot of new games for people who played this year as well but last year i want to pull up numbers and the industry pulled in about $180 million in sales and that is more than hollywood and the film industry and sports put together. a big reason for the surge last year was the rise in a new game

of casual gamer that typically like the mobile and then you added a new console and the slowdown is expected now in 2020 so 21 to be a good year to. ashley: those game players will never go outdoors again, are they? lauren, thank you very much. [laughter] lauren: it's so sad. ashley: but yes, it is sad. let's take a look at netflix if we can print they made a major investment in korean films but interesting, susan, how much did they spend. susan: more than $700 million but double what neff looks invested last year and were talking about korean kate popp, kate dramas, big money makers and draws in the asia-pacific and in korea has been a cultural leader with the korean pop with bts, black pink as we call them female group there and with so many eyeballs in asia with billions and billions of people it makes sense for netbooks to spend big bear. one thing i want to note that i'm looking forward to, yes, hbo

re/max and hbo max reboot of the addition of in the city and can you wait for that? ashley: absolutely not. interesting and i don't say that with tongue-in-cheek. susan: while. ashley: thank you, susan. popstar taylor swift breaks a new record. come back and lauren, what is she up to now? lauren: remember her album folklore released in july, it sold 1.27 million copies and it made the 31 -year-old a five time album of the year artist. her top seller is the album 1989 sold about 4 million copies and you can see it there. there is one album that is not on the list, evermore of the jew he just released it last month but i think taylor swift is the most productive person in quarantine. two albums in one year with one of them on the top seller chart.

ashley: incredible, isn't it? she is so talented. there is a song on folklore that i absolutely love. there you go for their slight push for taylor swift. she's a very talented young lady. lauren: i'm so surprised, actually. i'm very surprised. ashley: hey, i'm out there and proud to say that but she's terrific. $370 billion that is the estimated price tag for resident elect bidens student loan forgiveness program so where is he going to get all of that money? we got the answer coming up. and house speaker nancy pelosi doesn't want any blame for the covid relief package being delayed. role that tape. >> what about the covid relief package? it was held up for eight months. >> that was their obstruction. ashley: how convenient. congresswoman kelley armstrong

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♪ ashley: lesson take a look at the markets for you really

struggled to get going in case of the monday mornings for sure but that we come back a little bit and the dow up a quarter of a percent, nasdaq down nearly 100 points, s&p up a third of a percent. common susan, and other companies suspending donations to lawmakers who voted against verifying election results. susan: more corporations and were looking at dow core will suspend representative to senators and reps under dues who objected to the electoral college votes and throwing a long list of corporations and that includes bad acts and j.p. morgan, golden sachs, marriott and the like saying they are suspending donations to the gop or any party that proved or tried to get in the way of this approval of the electoral college votes. it's something interesting that corporate america is stepping in with their money in their wallets. ashley: interesting development. susan, thank you. now this, republican lawmakers or republican lawmaker writing a

letter to president elect joe biden urging him to end impeachment talks. it says quote, this impeachment would undermine your priority of unifying americans and would be a further distraction to our nation at a time when millions of our fellow citizens are hurting because of the pandemic and the economic fallout but congressman kelly armstrong signed that letter and he joins me now. congressman, welcome. have you gotten a response to that letter? >> we haven't yet but i want to give a little background. a group of congressmen and women signed that and were an in group of what i would call conservative republicans who disagreed with the president and voted to [inaudible] i think it is the same argument or it is the same argument right now that if we are going to rush in impeachment proceeding in the house and then rush it over to

the senate that would mean that president biden would not have cabinet picks until that's over and we are in the middle of a pandemic in the entire country is hurting for a myriad of reasons right now and if they will hold the articles and send them over after all that has happened then it begs the question why aren't we doing this. i was on the jewish air committee and we never actually had a fact witness in the judiciary committee so this is just moving way, way too fast like accusing someone of a crime on friday and starting the jury trial on monday. ashley: you mentioned the pandemic, congressman. listen if you can to house speaker pelosi reacts when she is called out over the lane the covid relief package could roll that and then we will get your reaction. >> you held out for eight months. >> no, we held it up because there was no, no respect for our heroes back there is a member of

your caucus who said specifically that we look like obstructionists and it was a mistake. >> i don't remember anyone saying that. ashley: i think we call that selective memory but congressman, your response about nancy pelosi saying we do not hold up the relief package. >> that's just not true. she said it. it does not change. [audio difficulties] a bipartisan members of congre congress. [audio difficulties] at similar to the bill that we ended up passing so i don't how anyone could come to that conclusion that the only reason why it wasn't held up and i think that's terrible and tragic and i think we need to continue to move forward. ashley: i want to come back congressman with one less question about president trump. has he ruined his opportunity to try to come back in four years?

is this stained his legacy and the events of last week or can he indeed try and continue to lead the republican party for years down the line? >> i don't think or anywhere close to knowing that answer but i don't think anybody with any reason at looking what is happened on last week was absolutely horrible and president in their campaign is happening and there are responsibility of what happened and they never in politics but it's clearly not what it was. ashley: we talked about impeachment but do you think he should resign? >> i don't. part of the reason i don't is because this country is an absolute we are getting through it and i will caution a lot of my colleagues as well in their distancing themselves from president trump and they need to be careful not to distance themselves because he is

supporters on both sides of the aisle and i don't think we'll ever have a time where the other half of the country hates the other country and you have to figure out a way to get past this. ashley: yeah, absolutely right. thank you for taking time to talk with us. kelly armstrong, thank you for being with us this morning. >> thank you for having me. ashley: pleasure. let's talk about education if we can print president elect joe biden expected to push to a raise erase student said with a wave of a hand and let's get down to edward lawrence, if we can. it's a big bill, is it not? >> huge bill pitt left back to the issues. we are digging deeper into progressive policies that will pass on the democrats have a white house, the house and the senate and today as he said were looking toward education. senator bernie sanders and his supporters have a big part of the presidents of some of the items and president elect joe biden's plan for it for

instance, the president elect wants to make college free for any family making under $125,000 a year. well, if a georgetown university study found it would cost $49.6 billion in the first year. senator sanders at a town hall a smart said increased taxes to just pay for the education but listen. >> that is why i believe we should make public colleges and universities tuition free and it is why i also believe that for a modest tax on wall street speculation we should cancel all student debt in this country. reporter: president-elect joe biden says he wants to raise taxes on people making more than $400,000 a year so in addition to making college free the president-elect wants to eliminate $10,000 worth of debt from students. moderate democrats like senator joe manchin is signaled support for this not because it's in the education package but because it could be in the next covid stimulus package. it will cost more money than the government spent in spending direct checks to americans under

the cares act and the urban institute says the act would be more like a tax cut and not in immediate stimulus but is likely to pass and the rest of the education plant they say is more pressure from moderates because the total cost which last october was listed at somewhere around 300 or $730 billion in net cost then removed from the website and the final version that was posted at the end of the year. ashley: yeah, all you have to do is raise taxes apparently britt edward, thank you very much. now let's take a look again if we can at bitcoin falling sharply today, down 20%. susan, what's going on? susan: right out of the crypto currency market bitcoin dipping to 31,000 now so that's 11,000 off its record high of about 42,000 and the reason here is profit taking after a blistering 40% rally in the first week of the new year and in seven days

and we know bitcoin accounts for just two thirds of the entire crypto markets. the second largest digital currency up there is called easter and down by a quarter and big investors are still bullish and saying its profit taking and still a lot to go pings to j.p. morgan calling 146,004 bitcoin, 300,000 over at city and even big investors like [inaudible] as you know is calling for at least six figures in the next five or ten years. ashley: remarkable story britt susan, thank you. crypto currency website wants to give you a discount on the next vacation britt sounds good but how that doesn't work, lauren? lauren: crypto .com has partnered with booking .com so if you are a user and you make a reservation in the app you can get up to 25% off accommodations. if you pay using a crypto visa card up to 8% cashback on what you spend free atm withdrawals

everywhere so it's a perk but the point is crypto is popular and it's inserting itself right in the sweet spot here. that pent-up demand among people who really want to get out in trouble when they can this year. ashley: yeah, one thing i know for sure is we are talking about joe and crypto currencies a lot these days and it is starting to filter out into the economy. fascinating britt lauren, thank you. restaurants and bars can reopen for business in minnesota today. hooray what is it too little too late, we have battery coming up. but first, the ski and snowboard industry lost $2 billion during the spring lockdown and now the slopes are back open but are people ready to vacation during a pandemic? guess what, were headed to the utah mountains next. ♪

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- no, the people watching us right now at home. - oh, those people. hi people. - kaleb and i know not everyone can help right now, but for those of you who can, we hope you'll this special number on your screen right now. - you'll be making sure our amazing doctors and nurses can keep helping kids like us, who need them now and in the days to come. - your gift will make a huge difference for kids like us. - ooh, ooh, show them them the thank you gift. - okay, okay, hold on a second. with your gift of $19 a month we'll send you this adorable, love to the rescue blanket as a thank you and a reminder of the kids you're helping with your monthly support. - so what are you waiting for? you can use your phone and call, or go to loveshriners.org to give and join with thousands of other generous people who change lives with their gifts every day. - i think that's about it buddy, good job.

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ashley: let's take a look at those markets for you as we or let's get right into susan with another company suspending company donations but they are piling in, suspending donations to lawmakers who voted against verifying election results. susan: these are some of the largest companies across america so the latest being ford motor and political action committee says it will review the events of the last year and we also heard from dow corporation in the past hour also suspending their political donations as well as fedex coming out with the data confirming that they will now pause political donations along with the big banks like j.p. morgan, golden and even the world's largest hotel group marriott international office of spending as well. i think they are taking a look back and review as to where they are putting their money and politics and donations

especially in light light of what happened on capitol hill last week. ashley: feels like the pressure of their to take some sort of action britt susan, thank you. thousands lost their jobs when covid closed ski resorts from coast to coast last spring but now they're back up and running and yes with the restrictions but they are up and running. grady trimble, lucky man, is leiden park city utah looking just, look at you, you're looking very cool great grady how different are the slopes flipping looking this year and the lift lines? reporter: once you are on the slope everything feels like it always has but you mentioned the lift line and that is where you will notice some of the changes so out here no restrictions at all but when you are not actively skiing like if you are in a lift line you got to have your mask on at all times. social distancing obviously is enforced in the lift line but

social distancing is something that happens naturally when you've got your skis or snowboard on and in deer valley they are monitoring the number of people who are on the mountains at any given time. season pass holders are guaranteed a spot on the mountains but they day passes are limited and not doing walk up lift tickets anymore this year. across ski resorts they have changed a lot of rules to limit the number of people on the mountain and some of the resorts like vail resorts are requiring reservations for every single day that you want to ski and then in terms of on mountain lodges if you want to eat while you're on the mountain or have a drink a lot of places are requiring reservations for that as well. some of the trends of the day are noticing here at deere valley our people aren't traveling for near and far like they normally would but people are still coming here mostly from driving distances to go skiing.

there are still seen interest in this sport which is something ashley, you can do while social distancing. ashley: absolutely. grady, i've got to say i'm very impressed with your skiing's skills and also very impressed with whoever is holding the camera and doing a tremendous job but get this, i was just told grady that you are on vacation but you decided to take a camera along with you. that's what i call dedication. reporter: yes, i have to give keith a big shout out because he has the harder job here. i just have to ski. keith is skiing and shooting at the same time and i was planning to come out here already so i said let's try to make this a business story about how the ski resorts are doing during the pandemic and here at deere valley and across the all tara mountain ski resorts are fearing quite well, ash. ashley: i'm very impressed grady and i am sure the buses are as

well. they are bosses are glad for your dedication and it looks absolutely beautiful. enjoy. grady trimble. jean-pierre trumbull heading down the peace, good stuff. thank you, grady. let's move on. i could watch that all day but up big on positive news on alzheimer's drug, clinical trial showing that it slows down cognitive decline in patience and that's good news indeed. as you can see eli lilly up 12.5%. also take a look at johnson & johnson. they are expected to report trial results on its one does covid vaccine by the end of the month for johnson & johnson up a little, modestly up, half a percentage. do you still need to return a bad christmas gift? retailers might just tell you to keep it. instead of shipping it back. we tell you why coming up.

minnesota restaurants can reopen for business today but with virus cases rising how long will that last and what would another national lockdown mean for business? that story also, next. ♪ ♪ your grooming business is booming. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base. claim your seventy-five-dollar credit when you post your first job at indeed.com/groomer

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we hope you'll call the special number on your screen right now. - you'll need making sure our amazing doctors and nurses can keep helping kids like us who need them now and in the days to come. - with your gift of $19 a month, we'll send you this adorable love to the rescue blanket as a thank you and reminder of the kids you're helping with your monthly support. please, call now, or you can go to lovesshriners.org.

ashley: bars and restaurants can reopen for indoor dining in minnesota today and that is good news but they can only operate at 50% capacity and there is a 10:00 p.m. curfew in place for to be bring an bill, you own jack's café in minnesota so what does the reopening mean to you? >> in morning, thank you for having me on. the reopening as you said is 50% capacity which by no means is 50% of our business so we are trying to stay positive but it is a long haul ahead to operate at these levels yet again. ashley: are you fearful of another lockdown as we see the cases start to surge again? >> yeah, i would be foolish if i wasn't with just the way it is

been in here in minnesota the timing has been off on all lockdowns and reopening's. we have asked repeatedly to get seven-14 days notice to bring staff back in order products and get coolers up and running again and we found out late wednesday we could open today while we won't be open till friday because a place my size can't make it happen that quick. yeah, before the last shutdown it was ten days prior to the shutdown that we had expanded capabilities and next thing you know we were shut down again. ashley: had you had any federal help or relief money to try to help keep you afloat? >> yes, we have. there's been a ppp and the second rounds allegedly coming but not targeted to the amount of disdain we have had to have. we are down $3 million this year and that's a staggering number. there is more money leaving this

country than targeted at those who really need it in our industry and you know, we will take whatever we can get to keep you afloat but at some point we need to make money again and to keep people employed and take two or three years to make up for how bad the losses were this year into 2021. ashley: what about your employees, bill? how have they been infected? have you been able to keep on as many as possible? >> while we are open yes but limited because we have 600 seats in this restaurant and we do banquets as well so that business has been shut down 100% and unfortunately and minneapolis it's a double whammy because the mayor won't let people sit at the bar soap my bartenders can serve drinks for the servers but it cuts into their capability of earning without any tips going across the bar so we are keeping them on as much as we can in trying to expand and we just were open

for dinner last time, not lunch and then we had just reopened for sunday and saturday brunch and brought back eight and ten nonemployees and then back at shutdown. pretty scary times. ashley: it is and i can hear the frustration in your voice is well paid bill, we wish you the best of luck and hopefully you can at least bring some business in starting today and hopefully you will be able to stay open and raise that capacity bridgeville kozlak, thank you for taking time. thank you, bill. show me facebook if you can and let's bring in susan, they just made an announcement but guess what? clinical donations. susan: yes, the list is growing. this is an report right now and facebook confirm this but it looks like facebook is holding political spending for at least the first quarter of this year, 2,021 and joins that growing less because you mentioned ford reviewing their political contributions, dow chemical in

the past hour say the same thing and it joins the growing list of bad acts, j.p. morgan, goldman sachs and citigroup and blue cross again reviewing their political contributions and the role that corporations play in opening up their wallets but right now i think they're trying to send a message with dollar signs and what they are doing in terms of the amount contribute to politicians. ashley: right. that's the latest one pretty absurd that will be more. thank you, susan. now let me take a look at lululemon produce to overt calls on the yoga pants comedy but company, lauren, tell me about their fourth-quarter forecast. lauren: look at this ashley. the stock is now up. they say profit and sales will continue and they will come in at the high end of the prior forecast. they just wrapped up for about their holiday quarter ended officially for them and sun generate 31. shares initially sold off basically because wall street was being greedy and you've done so well and we want to see you

beat by more and also raise your full year outlook and none of that happened, nonetheless it was a good report and it looks like it will be a good report and look at that, the stock is now up bite one and a third%. ashley: there you go. you turned it around, lauren. now this story, do you need to make returns from the holidays? may not be worth it by the way to mail it back to the store. let's bring back susan. how does the store decide what should and shouldn't be sent back? susan: right now they are using artificial intelligence to the computers will do the calculations to see if it's worth it to ship back the returns. and expensive items like makeup or batteries big stores like walmart or amazon might just say you keep it and here is your money back. the number of e-commerce packages we know of that had been returned so far is left 70% from 2019. we are shopping online more which accounted for over half of the increase in returns.

ashley: very interesting bird susan, thank you very much for a quick check of the big board if we can. it's been a down morning but it could've been worse and we started up really slow and now we are coming back. more varney after this. ♪ ♪ are you frustrated with your weight and health? it's time for aerotrainer, a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation

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♪. ashley: all right. coming back with this news about american express. the latest company by the way to

suspend donations to lawmakers who opposed the election certification. they join the likes of facebook, ford, dow chemical and several other corporations. it is definitely picking up speed. i leave the show now with the dow off, certainly major markets down. we've come back a little bit from where we began. gerry baker for neil. gerry. i'm gerry baker in for neil cavuto on "cavuto: coast to coast." we'll have reaction from whitewater independent counsel robert ray coming up. the big tech crackdown, twitter stock is tumbling today after banning president trump. this is socialia