maria: have a great day. here is a "varney & co." take it away, stu. stuart: good morning. there is plenty of positive news this morning. we aren't going to let you get pushed to the sidelines by that hate -fest in the dc otherwise known as impeachment. new virus cases it down to 35% in the last two weeks with that number coming from the "new york times". "wall street journal" reports a 56% decline in the last four weeks. death, again using the "new york times" number, down 20%. hospitalization 136,000 january 6, 5 weeks ago.

its 80000 now, down 26%. looks to me like investors are paying attention. at the february rally continues. the dow industrial average will be up about 130 odd points at the opening bell. good game for the s&p and the nasdaq will move sharply higher from its 14000 level close yesterday. it will be well above 14000, believe me. i hesitate to say bitcoin market is calming down especially when you see a drop 3% as of now, but it is still $46000 per coin. that's where it sits this morning, ever so slightly lower. how about gamestop an amc, maybe you are hoping for a bounce, fairly quiet with gamestop 51, 50 a share, amc 554, nowhere near where they were at the height we have to good to impeachment with the news this morning that

mr. trump's quote furious and quote beyond angry with his defense team especially bruce castor whose opening statement was widely criticized the. the associated press around this headline, trump never conceded he lost, but his defense lawyer did. 67 senate votes are needed to convict, that's not going to happen. acquittal is a near certainty. this political show trial starts up again it 12:00 p.m. eastern. we have fascinating stories. united airlines places an order for 200 electric planes. they will be in the air in four years. starts a spac, that's new, brand-new, the rally in some pot stocks continue some up nearly 25%. wait till you hear the biding time frame for getting our children back in the classroom. hint, please don't hold

your breath. "varney & co." is about to begin. ♪♪ ♪♪ stuart: i went to get right at it. the return to classroom teaching scandal and that's what it is, it's an absolute scandal. here's jen sasaki on when the kids go back, how often they will go back and how many go back. roll tape. >> his ago he said is to have the majority of schools, so more than 50% open by satan-- day 100 of his presidency and, i mean, some teaching and classroom so at least one day week , hopefully more and as much as it's saving each school and local district. teaching at least one day a week in the majority of schools by

day 100. >> that's in person teaching? >> yes. stuart: i want to translate, only half the schools reopen for only one day a week by april 30. way out there. about the scandal. sorry, but that's a scandal. also, chicago teachers union finally approving a deal to reopen schools believe me, you will hear more about this scandal throughout today's show. was good to money in something positive. that's lift premarket surging 10% and they issued a financial report susan come i know you are dying to go to the subject they are losing money so why the big rally? susan: because they predict making money. possibly in the third quarter this year instead of the four so that's a quarter three months earlier than they anticipated so in the quarter-- low, two in the last three months of last year they lost less

-- left's money and higher sales of matt was a pretty good finish. active number of varieties-- writers with a pure play when it comes to ride hailing me mean that's all lyft does compared to uber which has uber eats to offset the slowdown in rides and it will be interesting to hear what uber hears-- says later today. stuart: look at them premarket. susan: that's different in the stock performance because uber is way above their 45-dollar price where lyft@$72, we are still well below that level. stuart: let's look at bitcoin much in the news recently. some big companies are using it, notably tesla njp diamond famously dismissed the crypto as a fraud a few years ago. now his strategists are weighing in on bitcoin. susan: they are saying not a whole lot of companies will follow test was a lead to buy bitcoin.

companies don't like the volatility that usually comes with cryptocurrency. it can go a long way up, but it can also come down in a hurry and companies usually want their cash to be safe like in treasuries. bitcoin has rallied to record highs with hopes tesla will start a new trend with other companies. today we have generational differences and using investing. can you imagine if coca-cola said we will spend $2 billion in bitcoin? do you think the stock would rise like tesla's i don't think any other company can get away with it like elon musk. stuart: suddenly if you own stock income and they go for bitcoin and you are an investor in bitcoin. stuart: let's bring in shah gilani. we are talking about market frenzy. do you see any bubbles in any markets, any product anywhere at this moment?

>> good morning. this is what i call and everything rally, everything is rallying as a result of low interest rates and a flood of liquidity. for the most part it's good. a lot of the valuation is justified. there is some frosts in particular. ipos are coming fast and furious at about one a day and all the suspects had to go out and find operating companies to fight i think they will bid those up. they are beyond fluffy, i think they are getting the bubble state and i think we will probably see the fallout later this year. other otr otha don't here's lot atecioul mosftostos s ju st stdifie evennn yp cu cucyrr. . .peop.le crere cregatreat re ment um trayedtrayed i in il itail itonvilreilre remingcoco sionals, honedgeon on nd, eryonlse ils ils a dead rigeaht nig i ailil t a snyt s bla bla sw s orsnythingthhat t willllll khe market t itsftses ptaedl.es

behuseh haveavn a t bh entent big tig tor t a l titi and and you have been reeis they gone g up uely. u ota o lfot money oneyey he lhehe yrs so howso m huchhodho thehe he av ageagees, their poeir eir whatwhatwhat percentage to go into the big tech companies? >> great question and i don't know if that's been asked anywhere else. terrific question. the big companies come about 25% of the s&p 500 and i think investors should have about 25% of their collocation in those big names. they have justified in terms of the earnings growth, profitability, cash generation etc. and they represent the gourd quarter of the market and i think investors would do well to own each one of those big names. stuart: would you change that 25% allocation depending for younger investors, and thinking about millennial, first-time people in the market in their

20s and 30s, would you still say they should put 25% of big tech? >> yes, and i think a lot of them are in big tech because they understand big tech probably more than most because they are involved in using the services big tech offers so they are the drivers. i think they are probably if not in it they would do well to get it with 25% allocation for those names it's well justified. stuart: susan is listening carefully and so of course am i. you have been right for five years, congratulations and i are hoping you are right for the next five years. i hope-- i think this is fascinating. i don't think susan agrees. united airlines has placed an order for electric planes. they made the order with archer. i have never heard of them, but that's too they are buying them from. how many, lowering? lauren: 200 planes coming united

placing a 1 billion-dollar order with a company that i also had never heard of, archer aviation, green technology. these are basically electric air taxis, vertical air transport and what united will do is try to use them to shuttle passengers between gains from their home to the airport, between airports if that airports are relatively close to each other. they see it to go as fast as 150 miles an hour. united is an investor and also a customer of archer. archer will merge with a company called atlas crested investment a show comedy listing on the new york stock exchange with the valuation of $3.8 billion. when will we see this video? mass production is expected in 2023 with the deliveries the year after that. morgan stanley very bullish on how big this

error mobility market-- is that what we are calling it next they think one and a half trillion dollars in two decades. stuart: i was late to the electric car market. i don't want to be late to the electric plane market. it may be the way of the future. susan is shaking her head, surprise the youngster shaking her head. susan: let's see when it arrives stuart: 2024. susan: let's see. stuart: so skeptical. they are telling me too get on with it, stu. checking future, nice array of green. dow jones about 130 up. not really serious stuff, but a lawyer appeared as a cats during a zoom court hearing. watch this. >> can you hear me, judge? >> i can hear you. i think it's a filter. >> i don't know how to

remove it. i'm not a cat. stuart: we can all use a little comic relief that match or comic relief of the day. let's get serious. it may be boring, but it serious as president biden pressing top ceos to back his $1.9 trillion rescue package including checks for people making up to to 75000 and checks for children of illegal immigrants. we have the story just ahead for you. ♪♪ trelegy for copd. ♪ birds flyin' high you know how i feel ♪ ♪ breeze drifting on by you know how i feel ♪ [man: coughing]

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stuart: let's get through this.

i'm laughing because of a conversation with susan, but the dow jones will go up about a hundred points. let's get back to electric planes to susan didn't care for the story about united buying electric planes from archer. what do you have on boeing's electric planes susan: boeing is the largest plane maker in the world and if they get into the electric plane market they could crush a smaller company like archer so boeing said they will launch their electric hybrid plane and 2022, earlier than the 2024 of archer. stuart: now, we are all interested. susan: indifferent companies. stuart: than latest read on mortgage applications, lauren? lauren: demand dropped 5% last week, seasonally adjusted, interest rates did rise to a three month high. demand is still up 17% year-over-year. refinance demand down 4% last week, 46% hot your

that a year ago so those are the numbers. rates are moving up a bit, but is it really impacting purchases? yes, perhaps if you are a home buyer-- first-time homebuyer because there is a limited supply. that's the big story, supply. if you can afford a more expensive home, that's probably not really the issue in a separate report for second home demand up 84% in january from a year ago. it's boosted by the low rates and the ability to work from anywhere people are buying to homes, three homes because rates are low and there's more supply and the more expensive market. stuart: if you want a hot real estate market just go south to florida. it's incredible. let's talk about president biden meeting with business leaders talking about the american rescue plan. honestly, i thought the ceos should be talking with the president about

his proposed hike in corporate taxes, but apparently not. it was about the rescue plan. susan: key points 1400-dollar checks, 15-dollar minimum wage. here is a bite from president biden at the meeting yesterday. >> we got millions of people and employees. we are in a position to think big and move big and move in a direction that cannot only get the economy back on its feet, but we have to get people well before we get people on their feet. i'm anxious to hear what these business leaders had to say and to see if we can find common ground. susan: jamie diamond, j.p. morgan, walmart ceo, doug mcmillan and treasury secretary janet two. as you imagine one of the impact of 1.9 trillion after 2 trillion in march of the $900 billion in december. you have been shaking your head throughout the entire report. stuart: absolutely boring. the president sits there

in a mask is saying we are going to get people well before-- whatever he is saying. susan: you don't care about how they spend 1.9 trillion and that people understand the $5000 get 1400-dollar checks? stuart: i'm more interested in cases down, hospitalizations down, death down, get back to work, get the economy going, that's what we should talk about >> i think that's what they were referring to. stuart: thank you. john lonski is here. you are and economists. checks are going to go out. with the impact on the economy from these checks? >> well, it will provide support, but i went to go back to what happened in 2020, when we had a similar infusion of cash from the federal government. in 2020, despite the infusion of cash to people, the one-time payments, consumer spending still fell by

$400 billion. what went up was personal savings. last year personal savings grew i believe by up $1.5 trillion. you ended up the highest personal savings rate on record, so i would think that this fourth cup-- this forthcoming checks, if they do anything they add to personal savings over the near-term and that's mostly because people realize that this extra cash they are getting is not a recurring phenomenon. it's a one time occurrence and the tendency is to say the. stuart: it's buying votes, but that would be the political side john, we had a young man on the program last week, i think it was, and he put his check into game. and made $36000 a, i believe. that's what people are going to do with this money, save it or invested, heaven for bid they spend. >> it's telling a lot of

people getting this money do not need it and it's sad. in this day and age of data science, high-technology that the federal government couldn't do a better job on targeting this aid to people, to businesses that really need it. stuart: they don't want to target it took they want to throw it around for everyone, cash, vote for me a look at you get. that's what it's all about, john. sorry. >> you may be correct to. stuart: may be? come on, john. time is up. you are all right. thank you. i'm trying to put a light face on these things. atlas futures, dow jones up about 120 odd points we will get well about 31400. big games-- again for nasdaq, also. we will be back, i promise you that marco.

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opening of the market. come on in mark tepper. you see the news, great news on the virus with cases down, death down, hospitalizations down, shortly that's part of the reason for the market rally today, isn't it? >> i don't think so, stu. i think it's all great news for the country, cases coming down, vaccines administered, but i don't think the market cares i don't think the market has cared about covid sense vaccines were given a green light. stuart: with all this great news, it means these democrat runs states can maybe open up a bit more and we will get to a full opening of the economy. is not part of the deal here? >> absolutely, so that is who cares, the small business owners that have been decimated over the course of the past year through poor political decisions. small businesses are the hub of our economy, small and medium

businesses provide 50% of the jobs in the private workforce that we need them open. stuart: let's talk about pot stocks because i have seen them go up. may be investors think the biden team will legalize marijuana at the federal level which pot stocks do you like now? >> i mean, the question right now, for a lot of people is mi too late because the stocks have rallied. i think there's plenty of room to run and if you have not gotten in yet my best idea is green industry with-- they are a multistate operator operating in 12 states now, 52 retell locations based on their current licenses alone, stu, they could more than doubled their retail footprint. best management team in the business and they just raise $100 million this week. that was bought by one institution, so there's plenty of demand. i think more institutions will follow ended up the price.

another catalyst is the potential for them to-- most of these are traded over-the-counter now so robinhood traders tend to buy them and if they are uplifted to the exchange like the nasdaq you have a whole new world of investors. stuart: point well taken. did you see till ray this morning about 25%, i mean, a huge row this morning. it's at a big rally recently. can you explain that? >> when you look at kind of like the us-based operators versus canada, there is a huge difference in valuation and all of these pot stocks are pricing in that this stuff will be federally legalized and i think it's almost a guarantee tickets not just the tax revenues alone so what you see is there will be more legalization state by state by state and eventually federally. stuart: i see it up right now 55%. mark tepper, thank you for being here. we had 10 seconds to go

before they were in the and there's another 10 seconds after that to the actual opening. you will likely easy this morning. i don't know how things will close, but you will like the opening bell. we will see green across the board this morning with some big names moving up. 9:30 a.m. this wednesday morning and we are off and running with the dow jones up 110. 31500. almost all of the dow 30 is in the green. s&p 500, show me that. all-time high, just hit, 3928, up nearly a half a percent with the nasdaq all-time high right there 14088. by the way, the dow jones is at a record high as well, 31486. big tech: the green, facebook, alphabet, nice grain with facebook up over 1%. all of them on the

upside. now show me twitter. fascinating. 11% higher. they have lost their most famous user, president trump. why the big rally? susan: also confirming this morning that the president trump suspension from twitter is permanent even if he runs again. that's what they have reiterated. you heard jack dorsey ceo of twitter on earnings call yesterday saying twitter is bigger than one individual and if you look at daily active users at the end of last 2020, daily-- daily active users when i buy 5 million they had 192 million daily users, slightly less than anticipated but still the growth went up and they are saying president trump is banned permanently even if he runs in 2024. stuart: that's in my opinion outrageous and seems to me twitter is the home for anti- people see too interesting pick they will say-- look at their growth metric because they are

still hiring and expanding headcount by 20%. they anticipate digital advertising will recover, regardless of the bands of any individuals. stuart: in my opinion, out of bounds to ban the former united states of american president. general motors reported this morning. strong earnings even after covid enforce their factories-- some of their factories to shut down last year. they did issue a warning, maybe that is why the stock is down two and a half percent, warned there is a chip shortage and that could cut their 2021 earnings by up to my $2 billion, down goes the stock, still 54 rate they are. how stop and amc. amc $5 a share, gamestop at $50 a share. they are nowhere near the highs we saw a recently an activity level seems to have tamped down a bit. alibaba jack marr has been spotted in public

again. he had been keeping a low profile but he's back. is that with this rally is about that he's back in public so the stock goes up? susan: i think investors wanted assurances and the founder of alibaba was still in the picture somehow so he has recently been cited at the sun valley golf resort in southern china according to chinese reports and his a status has become a focal point for a lot of nervous investors. the anchor of the financial arm and the record-breaking ipo was squashed by beijing in the have had to change their business model, kind of like a bank disclosure in china and this was a major part of the growth of business for alibaba and the future and is worth about $300 billion almost equivalent to paypal so they want assurances that it still ongoing and it still worth-- it's-- still in favor with beijing and jack morris still in the picture because he's like that elon musk of china, forward thinker.

stuart: everyone thought maybe he was a prisoner but he's out in public. susan: it's happened before in china with wealthy people being put behind bars or house arrest. stuart: alibaba of nearly $3 today. how about coca-cola, they reported earnings with the stock up over 1%. half of their business is what's called away from home business, that's restaurants, bars and that kind of thing. they did take a hit during the shutdown, but coco said they have adjusted and they have figured out delivery and that's away from home business showing only a slight decline. there's something overhanging the stock in the company, a big fight with the irs. it's over back taxes and if coke loses 100% of the cost $12 million. stock is $50 a share this morning. here we go, another story about dating services.

we have done a lot of this recently. match group buying a south korean social media company called hyper connect, is it another dating service? susan: social media company. what they do, which i think is a great add-on and shows the evolution of dating possibly in the future is hyper connect is a social media company offering apps that allows users to connect through audio and visio-- video chat especially in this year -- era of covid. can you imagine dating often act that can look at you without having to go in person, i mean, look covid has changed everything. 2021 and things are different from maybe your era-- just saying and things will evolve to the next decade. stuart: we had to leave this subject alone. shall we get to draftkings. susan: i thought that was a great explanation. stuart: it was good. the idea of dating electronically, honestly

leaves me cold but that's just the way i am. susan: again, different ways of doing things in different eras. especially after covid, maybe face-to-face and might not be people want to do. stuart: draftkings, this is interesting, they got some bad news and i see the stock is actually up but they got a negative here-- is this sports betting in texas? susan: texas, huge and we already have 18 states across america including washington dc that have legalized sports betting in texas says there's still a ways from legalizing sports betting so yeah draftkings and penn national expel the last years of session yesterday because they're kind of disappointed. we still up for states that have said they will basically legalize it but they have it implemented it yet. stuart: big picture right now this wednesday morning six and a half minutes into session, big picture is record highs for the dow jones and s&p and nasdaq. dow jones winners on your screen coke is one

of the biggest winners among the now 30. next case i think we have nasdaq winners, by due is up 7% higher. susan: chips, artificial intelligence ships business. stuart: that will help every time, up 7%. among the s&p 500 these are the winners with twitter heading the list now up 13%. looking at the big board, up 100 points, 31485. 10 year treasury yield as of now 1.14%. price of gold, 1800 and $46 an ounce. still languishing. never really a safe harbor a news that there's virtually no inflation and that's why gold is not doing much. bitcoin is down $2000, 4%, 45000 a coin. oil is $58 a barrel in

the price of gas keeps going up. we are about two hours now away from the number two of the second impeachment trial of president trump and meanwhile president biden says he's not even listening, not watching. listen to this. >> look, i told you before i have a job. a lot of people as i said, a lot of children are going to bed hungry, a lot of families are food insecure appeared they are in trouble. doth my job. stuart: martha maccallum thinks president biden will regret not pardoning donald trump and she will explain as it she joins us at 11:00 o'clock. we will update two stories, he wants to update miami's push to become the next tech hub he's on board with that and he's doing well, apparently. i've also asked him about his push to get bitcoin on the city's

balance sheet that we hear he's been talking to elon musk. of the man will ship-- join us later in the show. ♪♪ at t-mobile, we have a plan built just for customers 55 and up. saving 50% vs. other carriers with 2 unlimited lines for less than $30 each. call 1-800-t-mobile or go to t-mobile.com/55.

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stuart: the electric car and truck business is very big news. electric truck maker backed by amazon import and i think they plan to go public. susan: valuation of $50 billion, possibly more. doper get, they raise money in january recently at $27 billion, almost double what they were worth about a year ago. they have a contract with amazon, but they are expected to supply amazon with 100,000 of these electric vans, 10000 possibly in the next few years by 2022. we know electric cars is a hot hot sector.

this is how you make money in this new world. stuart: this is true. susan: some of these talks have gone up thousands of percent. stuart: electric cars, trucks and the planes. susan: planes by boeing. stuart: back to the markets before we bore everyone. the dow jones up 100 points, s&p up 15. look at this number. 44% of the gamestop and anc stockholders are new robinhood investors and 42% of them made their biggest investment ever just in the past four weeks. jeff hoffman joins us. he has a new show about helping investors. jeff, tell us what is the most important lesson for first-time investors like the robinhood first. >> 's stu, they don't have access to the

information to make those decisions and that's why we created this new show called going public. it's like shark tank only you get to make the investment. we will pick five companies. we will take them public on the show, but the average american through crowdfunding bill will be able to make an investment and we will be showing you on every episode what you need to know to make a good investment decision. that's what the average american doesn't have access to today and that's why we created the show because no one has the information, expertise or access to invest in these deals and we will allow people to get in as a pre-ipo investment, pretty groundbreaking. stuart: so what's the best advice for a new company to make the best advice is to do your research. dig deep, which is again why we are trying to borrow-- provide better access to information by allowing you to watch us guide these companies. people-- they react

emotionally because everyone else is doing that. we want people to be able to make sound investment decisions based on the advice of professionals that understand the business on the market. that's what we will provide going public. stuart: beware of fomo. jeff, i hear the ceo of delta says mandatory covid testing for domestic flights, he calls that a horrible idea. i seem to think that would really cut down travel. >> it's horrible for three reasons. it's a horrible idea. first of all, logistical nightmare for the airlines, employees, travelers. i have no idea how you would administer this effectively. second, it drives important healthcare workers waste two unimportant work. it's been shown that the odds are very low of you getting infected on an airplane so why would we divert these healthcare workers to test airline travelers.

third, i think it's discriminatory to rural americans and low income americans who don't have access to test and can't afford to take a test every single time they travel. if the government's not going to pay for the testing, think we are discriminating against burrell and low income americans i think it's a bad idea for everyone all the way around. stuart: real faster i don't think international travel returns to previous levels for at least four years. what say you? >> i think so as well. there are so many complexities involved in that and companies are finding ways to do business without it. people would like to travel, but it's going to be years. it will be a while before we get back to anywhere near the levels we used to be at. stuart: jeff hoffman, good work-- good luck with your new show. thank you serve. we have this from the ceo of johnson & johnson

he says we may need to get annual covid vaccine shots. lauren, sounds like a flu shots before exactly like the flu shot. lauren: alex gorski said people may need to take the covid shot every year to protect against mutations of the coronavirus. we may needed every year for a few years to keep the science on pace with the virus. we know we bought 100 million doses of this one-shot vaccine for we know the efficacy rate is 66% and we know the fda is considering granting emergency use authorization. i for one am pretty positive i will have to get a covid vaccine every year. i think people know that coming in because of these mutations. stuart: that's not good news. we will move on. thank you. president biden's plan to get children back in the classroom would only reopen about half the schools for just one day a week and we wouldn't get there till the end

of april. i think the president's clearly siding the teachers union. you will hear more about that in "my take" next hour. democrat joe mansion is begging i should say begging president biden to reconsider his decision to cancel the keystone pipeline. we will have that story for you next. ♪♪ get to tell everybody how liberty mutual customizes your car insurance so you only pay for what you need? i mean it... uh-oh, sorry... oh... what? i'm an emu! no, buddy! only pay for what you need. ♪ liberty, liberty, liberty, liberty. ♪ ♪♪ ♪♪

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it inflates in 30 seconds. aerotrainer is tested to support over 500 pounds. lose weight, look great, and be healthy. go to aerotrainer.com. that's a-e-r-o trainer.com. stuart: it's a wednesday morning rally. cases are down, deaths down, hospitalizations down, stocks. dow jones up 84. oriole down a fraction, but still $58 a barrel and that's putting up the price of gasoline nationwide $2.47. 14 state attorney generals are earning the president to reinstate the keystone pipeline. blake berman in washington. what did they doing, threatening legal action? reporter: two different letters have been sent to president biden asking him to reconsider his decision on the keystone xl pipeline and they come from both sides of the aisle. 14 attorney general republican attorney

general's leopard to the president and you will see it's not just those in state strictly impacted by this decision, but from those all across the country and are they believe the president's being too aspirational with the green jobs push and not deal with direct impact now. for example, montana's attorney general rights it will be a 58 million-dollar hit for that state every year right" montana will lose the benefits of future easements and leases and several local counties will lose their single biggest property taxpayer and go on to write your decision to shut down the project means less money for schools, less money for public services ended the elimination of business and job opportunities in those areas where they are needed most. then there is the democratic senator joe mansion. he argues transporting oil via pipeline is a safer method than the alternative so he wrote a letter to the president and said in part quote pipelines continue to be the safest motor transport--

transport our oil and it supports thousands of high-paying american union jobs. reached out to the white house about these two different letters and this is what i got back from the white house official moments ago, quote the biden harris administration has proposed transformative investments and of the structure that will create millions of good union jobs in america, boost the economy and advanced our climate and energy goals. that's their take. stuart: that building behind me. bully, thank you for joining us, see you soon. we have a big show still ahead. here's the lineup. representative jim jordan. i want to know what he has to say about the impeachment trial yesterday. the president as in mr. trump says he's royally annoyed at his own defense lawyer. bret baier will anchor coverage of day two of the impeachment trial.

what is he had to say? martha maccallum will join us in talking about president biden, the teachers union and still no back to the classroom till the end of april and france x is with us, the mayor of miami trying to make miami a big telcos of-- have. how is he doing? we will be back. ♪♪ my husband and i have never eaten healthier. shingles doesn't care. i logged 10,000 steps today.

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stuart: will. ♪♪ ♪♪ stuart: good morning. 10:00 o'clock on the east coast and we will check the markets. why not because we had hit halt-- all times higher across the board paired dow jones, s&p and nasdaq have hit all time highs morning. almost 315 on the dow jones as we speak, 14100 almost on the nasdaq. big tech is doing well with a lot of people invested in big tech. apple, 136, amazon is down a bit, but facebook, microsoft on the upside this one's a morning. how about bitcoin? it's down a couple thousand dollars.

it's down 5% took the question is hanging over everyone, tesla has put in one and a half billion into bitcoin. will other become buddies do the same? j.p. morgan says that's unlikely. maybe that's affecting bitcoin's price peer now this, yet again the most important news of the day is being ignored. what is important to you in your everyday life is again relegated to the back burner. on talking about the retreat, yes the retreat of the virus. you wouldn't know about this if you keep your news from mainstream media. they are all about impeachment and that has little to do with your everyday life must hate is a part of your everyday life. new cases down 35% in the last two weeks. down 56% in the last four weeks. deaths down 20% as of right now. on january 6, nearly 133,000 people were hospitalized with covid.

if it down to 80000 now and falling. that is a retreat. and that's a downtrend and the key measurements of the virus impact. what is the response? lockdown states are still dragging their feet, severe restrictions in many places end of the children are not going back to the classroom anytime soon. weak leadership from the president and the teachers union. at the white house press conference jen psaki was when-- asked when the children would be back in class and she replied , it would be quote teaching at least one day a week in the majority of schools by day 100. let me translate, that means only half the kids in only half the schools for only one day a week by april 30. that's pathetic. our youngsters are trapped by a self-serving teachers union exercising extraordinary power of the new president. our country is trapped by media which insists

on depressing us with their constant scares and yes, endless hatred of donald trump. even with a decline in new cases and deaths in hospitalizations, they don't want to open up, they don't what to let you make your own decisions. they want to keep you under their thumb. the second hour of "varney & co." is about to begin. ♪♪ stuart: i went to bring in his peak because she wrote this, democrat fear mongering allows biden to destroy trumps legacy. liz peek is with us now. i have made my case about the kids and covid and the declining cases and the rest of it, make your case about the fear mongering, please. >> see next to her, let's recall that joe biden was elected to vanquish covid and if covid is already in retreat,

which it is, what is he going to be boasting about several months from now what we know is a 60% of adults will have been vaccinated by june. most likely by june and july the country will be getting back to normal, but the real issue, the real reason the mainstream media wants to propagate this crisis like atmospheres joe biden was to pass a $1.9 trillion package which is absolutely essential to bailing out democrat run cities and states. you don't hear much about it, but the biggest part of this package is a bailout for blue states. how are they going to do that if people catch on to the idea that the only thing holding back our economy is just what you are talking about, the shutdowns by mayors and governors pretending that covid is still the biggest threat that we face? it's not. we have all kinds of problems space bar country and democrats refuse to acknowledge them and by the way, as far as the teachers union, they stand to get hundreds of billions of

dollars in relief from this bill and from prior bills. they have no interest whatsoever in declaring covid over or declaring it to save to open a school. why would they? it's all about the money, stuart, and it's a tragedy because there's a trillion dollars that hasn't even been spent the $1 trillion in the former two bills. no one can explain why we need another $2 trillion on top of that. stuart: it's called by the votes, i do believe. >> it is. stuart: scare people to death, throw some money around, boat for me a look at all the money you get. >> that's exactly right. stuart: i am short on time so we have to go but we enjoyed that. thank you. >> thank you. stuart: back to the markets appeared david bahnsen with us this morning. went to talk about your specialty and that is finding companies and the stocks which pay a safe and growing and

strong dividend. i'm very interested or give me some stocks which pay a safe and growing and strong dividend. >> i kind of divided it up into two categories, companies doing really well that have all this momentum right now. you look at simon property group over-- up over 100% from its covid bottom, big numbers earlier in the week and yet it's still really down from its all-time high. yielding six and have%, collecting 90% of france which is an operator of shopping malls during the pandemic that really has high quality assets and high quality tenants and managing the difficulty well, six and a half field and growing even after all this recovery with simon property's. then i look at name's not doing well pricewise and i think a lot of people are looking at the market saying where can i find a value,

verizon, merck, ibm, these companies are going anywhere. they have strong balance, low leverage. they are to the most exciting names, but they are high dividends and they are growing from really well-run companies. stuart: the me go back to blackstone, you told me about blackstone at least a year ago. i bought it when it was around 32 and pain about 6%. it's a doubled-- thank you very much, david-- it's a doubled 71. i still have it and it now yields about 3.4%, i think. do you think the-- do you think they will pay more and dividend on blackstone? >> i absolutely believe that and the best news i have heard all day is that stuart varney still owns blackstone. fantastic. listen, blackstone pays it's a dividends from free cash flow and that comes from a management company of assets,

private equity, real estate. they continue to raise funds hand over fist and they have a great future ahead took stock prices come up quite a bit but the dividend is well protected with a lot of free cash flow and we like blackstone quite a bit. stuart: i have to follow-up by saying i did buy simon property group on the basis of it it's six or 7%-- i forget what it was yielding, but i bought it when it was way up there in price. it promptly collapsed. i did selig, however, so i'm out of that. do you want me too get back in, david? >> here's what i would say before i give you more personal stock advice is prime and-- simon property stock collapsed, but the dividend did not. they continued paying. it went to a 7% yield just because the stock had dropped so much and now the stock has recovered and it's well-off of the lows and you have a company that

after the financial crisis went up 500% in its recovery. there is different pressures now with different headwinds around the home all industry, but they don't own those types of malls collapsing all over the country. primarily as high quality assets. they have done a lot to even fulfill my-- fulfillment centers and they have great locations and yes there flows are perfectly protected. i'm really impressed with what they are doing through this pandemic. stuart: okay. i may get back in and if i do i will tell you. david bahnsen, thank you. susan: is 3% yield attractive in this market? stuart: not particularly. i want a higher yield. susan: blackstone yield is about 3%. stuart: yeah, but i am in it so i get a capital gain as well. susan: okay.

stuart: gamestop. let's talk about that, a report melvin n-uppercase-letter fidel securities are expected to testify on the gamestop turmoil. susan: remember the house panel was scheduled for february 18 headed by maxine waters and her congressional panel, but we do know that melvin n-uppercase-letter citadel security would send executives spirit we knew robin hoods post ceo would be in attendance. they are also calling in the investors in the short sellers as well, melvin capital. citadel in the middleman position, not only the fund that pays for the order flow from robinhood, which is probably the main way they make money, but the fact they are the backer of melvin c-uppercase-letter did citadel have anything to do with telling robinhood to stop trade gamestop. stuart: that's the basic question, did they collude to

screw the little guy-- excuse my language. susan: that's one way to put it. i put it in more pc language. stuart: very good of you. here we go. let's get back to the catch a story. for one lawyer it was-- oh, dear-- a cat test of the. watch this. >> i think it's a filter >> i don't know how to remove it pure i'm not a cat. >> i can see that. stuart: okay. some people enjoyed that. it's a surly doing the rounds on the internet and we may do it again later in the show but next president trump reportedly enraged by the performance of his impeachment lawyer. i will ask congressman jim jordan if yes look into the former president about it. the gaming hardware company that is up over 200% since its recent ipo, it unicorns, i'm

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stuart: day number two of the impeachment trial starts today 12 noon. president trump reportedly furious" beyond angry with his own lawyers on day one. look who is here, jim jordan triggered this is not a great way to start the impeachment deal now is a? i want to know, have you talked to the president 's of the trial started? >> not sense the trial started. good to be with you.

i did not talk to him yesterday but i have over the last few weeks the defense team got the main point across, which is the democrats are trying to cancel the guy that 74 million americans voted for and they are so obsessed with that-- remember they tried to remove president trump from office when he got there and now after he left. it's an obsession and they are so focused that they are ignoring the constitution, do prices and frankly the fox oaks i think they got the main point across and that's the key. of the american people understand that what this is all about, it's about trying to cancel the guy that almost 75 million of us voted for. stuart: we won't cover it much on this program. i'm not prepared to divert our viewers attention from the glorious stock market into the heat-- hate fest which is impeachment. >> exactly. the constitution is on

the president site with the lack of due process and the two hour impeachment in the house as my colleague matt gates said it was impeachment by reflex. the first amendment argument is dangerous to the president is engaged in constitutionally protected speech, speech protected by the first amendment, the very document we are supposed to-- that we take an oath to uphold and they are going to try to impeach him for that in the fourth key point is how does this unify the country and bring the nation together as joe biden said he wanted to do january 20? i think the american people understand. i thought it was interesting yesterday, the one line from the president's speech that was not in the democrats video is the line that's most important when the president said, peacefully and patriotically make your voices heard. they left that out which i can kind of shows with the democrats want to go with this and what they had been up to. stuart: i have to get you on this one, jim, and that is the biden plan for reopening the

schools. what it means is only half the schools and have the kids may be one day a week in their class by the end of april. i mean, a grandfather and a father, i mean, it's ridiculous. i want your take on it. >> everyone wants the kids back in school science says the kids it should go back in school. everything says we should do that and everyone wants kids back in schools except politicians of the teachers union. this is crazy, one day a week? let's get them back five days a week and have kids back in school and learn the things they are supposed to learn. again, i think the american people see this as craziness. parents want their kids to get an education. let's make it happen. let's stand up for the kids and the families of this country, not the politicians and the teachers at union. stuart: jim jordan, thank you for joining us.

palm beach has decided-- will decide whether or not former president trump can stay there? ashley, command. you can't kick a man out of his own home. you can't do that. ashley: no, but this is interesting the palm beach town council discussing whether donald trump while he did in three agreement that allowed him to convert his mar-a-lago estate from a private residence into a club and at issue is whether he is allowed to live there full-time. some argue the property operates as a social club in the agreement signed in 1993 requires no one lived there permanently unless they are an employee. other critics claiming the resort could become a beacon for donald trumps lawless supporters, they say. in that that andy, no formal vote taken, but the town's attorney did point out that if the

club's president that mr. trump could indeed be considered an employee. remarkable. stuart: its hate trump week year , decade. back to the market. we cut the day-- gain for the dow jones, back below 14000 and the dow jones up 24 points in a fractional gain for the s&p. in 50 minutes we have lost the rally. show me salesforce, it's down a fraction lauren, this is important because i think they have a new work from anywhere plan. big deal, lauren. lauren: yep, a permanent change because of the pandemic. most of their workers are now remote, but they can stay remote either part-time or all of the time forever and what they are doing is looking to cut back on the real estate costs. they have 54000 employees and they are packing a major punch

for what the office of the future looks like. they might have some spaced out café style seating. there is a blue couch right there and some private places to go and also some outdoor space. it's enough for 65% of salesforce employees that expect to come to the office just want to make three days a week in the future, so two thirds of people coming in for half the week or less. i have been thinking about this. i'm a creature of habit. i wake up at this time and i do this at that time and if you schedule your week where you commute one day and not another and if they change i think it would be out of whack. stuart: i agree 100%. we are creatures of habit i think almost all of us. to break that habit, one or two days a week, it's like going back to school one day a week. are you kidding me? i mean, you break the habit and you break the routine.

lauren: and if you don't have a designated desk, that would mess me up. just my opinion. stuart: how would you work without a designated desk? come on. anyway,-- lauren: carry your desk. stuart: i'm too old for this brave new world. thank you. jumping into the spac business. we will tell you what his blank check company is all about and it's more than 200% since its ipo in september, could corsair be a unicorn? looks like one. i will ask the company's ceo who was on the show after this. ♪♪

stuart: well, well, well, we have completely lost all the gains that we recorded just an hour ago. remember we hit record highs for the dow jones, s&p and nasdaq and completely reversed course with the dow

jones down a fraction. nasdaq is down 50 points, 131%. we like to come up with a reason for these shifts, but we haven't got a reason just yet. there's a change in the world of sports betting. i do not understand it. christine is with us and she will explain this change. based on nfl-- go, explain, please. >> there's a lot of pressure on me now but if the government approves this, you could use future contracts like the derivatives market which i will explain in a second to help offset any risk for a lot of these sports betting companies, stadiums, casinos. when the supreme court lifted the ban on gambling a lot of states rushed in but it's still illegal for any type of sports wagering to prop-- cross states line so they can't cross state lines. it has to stay in your

states what makes it difficult for the major sports book companies like draftkings to balance their books. for example in new jersey sports books lost $4.5 million in 2019 because semi people in new jersey correctly back that the patriots would win the super bowl if those sports books had someone else to take the other side of the bet, let's say sports books in la than it could've helped with those losses so that is why you have derivative platform interest exchange offering that risk to its counterparties. listen to this. >> of course, these aren't a substitute for wagering, they not a substitute for gaming but for the sports books to have somewhere to lay off the risk no differently than financial institution and other firms. >> you have critics essay this type of derivative market, future contracts would encourage casinos, sports books to take on more that and if they take on more that means

the average american would be betting more and possibly losing a lot of money but it counter argument is that if farmers can get involved in the futures market and also use crop contracts to protect against price drops, why can't you sports of do the same so to put it really simply, it's literally just allowing these sports books and casinos to have someone take the other side of the that. does involve you and i but it helps these companies like draftkings. this is still being looked into over the next 60 days but i guess it's a bit late when you're talking about hedging against the tampa bay buccaneers. i hope i made it clear. stuart: you really did. the sports betting platform may be allowed to lay off the risk. that's exactly what it is. you got it right. i didn't understand it, but now i do. well done.

it's not an easy to make me understand football and betting, but thank you. >> thank you. stuart: now look at corsair gaming. about stock is up to hundred% since its debut in september with its ipo. andy paul is the founder and ceo of corsair gaming. andy, congratulations. i want to know exactly what you do. on told you make the computer hardware for gamers. tell me more. what exactly is that? >> for the last 25 years we have been making gear to help people play games the better. we make all the components that allows gamers to build their own pcs and that's what most people do these days. make a very high performance gaming pcs to these videogames and we also make a lot of streaming gear so like you i'm a bit of a forecaster today. i'm talking into one of our microphones and my face is being admitted and i'm talking into a camera with this-- which

is connected to the computer. stuart: do you consider yourself a unicorn with a british accent? >> certainly by the numbers we are. we just reached over a billion dollars last year. that was 2019 and then last year we grew by 55% we posted $1.7 billion last year so by the that metric we are. stuart: you went public in september at $70 a share and you are looking at $42 now. you have done very well. what happens when we are sort of back to normal when the pandemic dies down and we kind of get back to normal? can you keep up the growth rate, can gamers keep but it-- at it the way they have been? >> this is not stopping. gaming has been growing for the last 20 years

famous tree with content creation and sharing so if we were younger i would probably share a video game i'm playing baby connecting with friends. this has been going on for years and early what's happened in the last year when people spend more time at home they just learned how to do this better and learned how to buy more gear. it's one of these hobbies like any other like skiing or golfing. when she do it you keep at it to improve your gaming. stuart: you keep talking about gear, you make the mouse, keyboard,-- where do you make i? >> sorry, yeah we make everything you can imagine that you interface with. we make every part of the computers to play the games on, keyboards, headsets and all the streaming gear. these days everyone is sharing video so we make a lot of video gear, high-quality microphones , everything you can imagine so pretty much if you look at a millennial's desk, we virtually make everything on that desk.

stuart: is there something about the english that they come to america and to start advanced looking companies and do well? you are the umpteen in-line on this program with a british accent and a new company. is there something in the water they are? >> when i first came over here over 25 years ago there was already a quarter of a million people in the bay area from england, so yeah, a lot of people here. i think the weather is nicer than england. stuart: i started out in san francisco, by the way, back in 1975. andy, thank you for joining us. come back soon. >> want to be here. stuart: former 49ers quarterback colin kaepernick joining the spac friends. what is the story, lauren? lauren: it's a social justice spac called mission advancement. aboveboard 100% people

of color and mostly female seeking to raise about $287 million. 1 billion-dollar plus consumer brands with a special purpose to merge with that company so another celebrity piling on this spac trained-- trained to form these mission inspired shell companies. look at this, so for this year 85% of all ipos have been spac. it's only february and it just started carrying to last year's record which was 248 spac in the entire year, so if this market, i mean, it seem like there is an endless bottom but some people say it might actually be broadening out to. stuart: may be. i'm waiting for that. thank you. here we go, elon musk added again just reading about dogecoin.

susan: he says he is buying dogecoin. he bought some for his youngest toddler, has a son so he could be a toddler hot alert and i googled that quickly to see what that was. no idea. apparently a lot of other people are googling it took you could say it elon musk is single-handedly rallying cryptocurrency by buying one and a half billion dollars in bitcoin. i would caution that stanley morgan doesn't think other companies will do the same. they need to be in a safe investment. i think a great example we put up there was imagine coca-cola but $2 billion in bitcoin you don't think warren buffett would be calling them saying what you doing. stuart: because you don't know the future value up bitcoin or eight dogecoin, but the man has influence. i'm watching the prompter.

a virtual court hearing coming to an abrupt path. watch this. >> i think it's a filter >> it is. i don't know how to remove it. i am here live. i'm not a cat. >> i can see that. stuart: one lawyer could not turn off a filter. welcome to this brave new world. we will have that story for you, maybe. ♪♪

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inside, you'll find the top 25 reasons why you need to start owning gold today. - with nearly two decades in business, over a billion dollars in transactions and more than a half a million clients worldwide, us money reserve is one of the most dependable gold distributors in america. stuart: day number two of the trumpet impeachment trial begins at 12 noon eastern time today. by the way, the president is reportedly furious enraged beyond anger, we are told, with the performance of his legal team. bret baier is here. host of special report.

would you make of this sharp edge criticism by mr. trump himself of his own team? >> well, he should be the ode-- angry because it was really bad kind of all over the place meandering. bruce castor really lost a lot of the senators, frankly lost a lot of the audience in making the case when he came up there . e said-- he praised the house managers in the presentation and said he called an audible and city changed the way he would do it and it felt like he was at living kind of all over the place. david schon came up and gave more of a constitutional argument but again lost that in a boat as-- about as six republican senators said it is constitutional to move forward. the biggest problem for the house managers is to make the linkage directly to president trump that his words caused about bob to happen. it will be painful over

the next couple of days to relive january 6, but it's going to be a heavy bar. stuart: is that what we will see today, more of january 6,? >> yes, 100%, i mean, that was the most effective pitch they had was the video edited, but compelling about the timeline and i expect to see more videos and more in the comments that you had from people who said they were acting on behalf of what the president said. stuart: well, is there a suggestion that that poor performance by zone defense team means a change in some republican votes to the point where you could have a guilty verdict? i mean, we aren't suggesting that our week >> no, some senators say they haven't decided but just judging by the constitutional vote, it doesn't seem like you would move that many more. even mitch mcconnell said he will be a jurist and make a decision to sit by the voting

against the constitutionality on the vote. the only move from the last time it was about it was sender castor from louisiana who said really because that trump legal team bonded that bad that he voted the other way. stuart: is this going to be over with quickly? i suspected there are a lot of people that don't want any more of this. over quickly, you think? >> it will take a week and probably sunday, but i think you will probably be done with it by the beginning of next week. democrats want to get to the biden agenda and push board coronavirus relief and in there, stuart, is the minimum wage which they are trying to get under that umbrella. stuart: we will be following and watching your show, special report 6:00 p.m. tonight and every weeknight on fox news. always a pleasure. thank you. guess what we are doing now. we are going to look at hot stocks.

up 12% this morning, aurora up another 6%. do you think they have become the new gamestop? susan: if they have gone on-- if you go on the reddit form they have turned their attention to the cannabis sector. and a lot of them are up after the reddit parade has gone on board. kill ray added more than $2 billion in market value since tuesday's close in less than 24 hours and the reason is because more states will probably legalize marijuana. eu also have some trades there with the uk buying some of the medical marijuana products, but it's probably the new social media frenzy that's pushing the stock's. stuart: you make a good point because there is certainly a frenzy in the pot stocks. it's now up 14%. now this, that lawyer in texas who had trouble with that does zoom called during the virtual hearing.

yeah, we are back to the cat story and the mad to cover it is ashley webster. ashley: cat expert extraordinaire and listen technology can be dangerous or just downright hilarious when it's in the hands of someone who doesn't know how to use it case in point this texas lawyer who accidentally left the kitchen filter on during a videoconference call with the judge and was unable to change it. the confused judge asked why he was addressed by a digital feline and here is the response. >> can you hear me, judge? >> i can hear you. i think it's a filter. >> it is and i don't know how to remove it. i'm here live. i'm not a cat. >> i can see that. [laughter] ashley: judge roy ferguson gave the embarrassed lawyer some advice saying, if a child uses

your computer prior to a virtual hearing, remember to check the zoom video options and make sure filters are off but also congratulated the lawyer handling the moment with dignity and grace and of that little piece of video there has gone around the world's. stuart: yes, it has. i mean, zoom has created a few embarrassing moments for quite a view people around the world. and that is an embarrassing moment. you did a great job and keep a reasonably straight face. thanks. let's get serious. president biden's plan to reopen the schools. he would only open half of them for maybe one day a week, for maybe half the kids and that won't happen until the end of april. outrage, martha mccowen on that ahead. i'm going to call this good news on the virus front with cases down,

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stuart: i wish i could come up with a recess to why the market turned around, but i cannot, but it did turn around, down 60 on the dow jones, 14 sv look at the nasdaq, down 126, almost 1%. however, now let's look at target. lauren, they are going to offer bonuses if employees take the shot? lauren: yes they cannot force them or they won't force them, but they will incentivize them so if you are a front-line target worker you get four hours of pay, two hours for each shot you get of the vaccine plus a free ride to the vaccination center. cvs is in about 1700 targets and this week cvs will administer the shots to americans that

are eligible so eventually i would say in a few months target workers could just get paid to get the shot out work if you work at a target that has a cvs pharmacy. stuart: sounds interesting, but the stock is down nearly 2%. lauren: easy. stuart: that's a big deal when it comes to getting the shot. i will move on because all morning long we have getting you very good news on the virus. cases are down, death down, hospitalizations way down across the country. at the same time, we have a lot of mass vaccination centers opening up including citi field in new york city. she is there at the mets home. how many shots per day are they expected to give? reporter: good morning. i am so glad you asked because the answer is not a lot. right now, we are looking at about 200 doses a day at least for the first couple of days here at citi field.

it's probably the big rise in why you don't see many people behind me. there's really no line as of now. 200 is a lot less than the nearly 2000 and eight we saw at yankee stadium in the bronx last week and you may wonder why that is i'm a why the disparity. a big reason is because a lot of the doses at yankee stadium were coming from the state took up the doses here at citi field are primarily coming from new york city's supply. mayor bill de blasio just walked in a few moments ago. he does want to allocate more doses here at citi field to hopefully make it a 24/7 vaccination hub. we will see when that happens, but this site is badly needed. queens was really one of the hardest if not the hardest hit peru in new york city for covid-19 death and it now currently stands as the second hardest hit baroque and right now eligible queens residents, taxi drivers

and food service workers can get vaccinated and that's just two days before indoor dining reopens in the city at limited capacity. the site was supposed to open last month, but officials had to push about because local vaccine shortage. mayor bill de blasio once again call in for use of second doses as first doses as new york gets ready to expand who is eligible. listen. >> we are being start of the of supply. we could be doing three times as many vaccinations per week right now. >> i have problems with the idea of expanding the pool of eligible people but is supposed to start on the 15th. makes it even harder for the people already eligible to have not gotten their shots yet. reporter: listen to this also, a startling new poll reveals about one in three americans say that they definitely or probably will

not get vaccinated. that's about a month and a half into vaccinations beginning across the us. stuart: thank you. appreciate you being there. coming up on this program next hour martha mccallum, ben domenech and the mayor of miami francis suarez who says he's been talking to elon musk. that's news in and of itself. we will be back. ♪♪

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>> the only thing holding back our economy is just what you're talking about shut down by mayor and governors pretending that covid is still the biggest threat that we face. it is not. they have no interest whatsoever. in declaring covid over. >> this is all great news for the country cases coming down, vaccines being administered. but i don't think the market cares. i don't see anything really anything that's going knock this market off of its pedestal. getting money to not need it. this day and age of data science high technology, that the federal government couldn't do a

better job of targeting this aid to people, to businesses that really need it. ♪ ♪ >> good to be alive it is 11 a.m. on the east coast on this wednesday. february 910th i'm ashley webster in for stuart varney for the last hour stuart is fine he'll be back here tomorrow. but let's take a look at your money thes dow turning things down a little bit now up 41 points up a tenth of a percent and nasdaq half a percent i should say nasdaq again down half a percent sort of big turnaround in fortune there. maybe hitting some highs and some profit taking we're not exactly sure why s&p 500 also down a tenth of a percent. the third hour of "varney & company" begins right now. ♪ ♪

ashley: let's kick it off why not with a check of the crypto currencies bit coin down 3300 dollars but still a 44420 up 7% as we speak. let's also check there you go a also down three and a half percent of 1639. the crypto not performing particularly well today bring in john leifield great to speak with you haven't seen you for a while. what's your reaction to this cryptocurrency craze, i mean, is it a currency let's begin there. >> yeah. it is great to see you as always ashley. it is not a currency you know it is a store value there's a big difference to become a fiat currency, you would have to have a adaptation to be able to use this in all transactions we're not close to that yet a

transaction right now is 10 dollars fee that's not bad when you're buying a tesla say at 35 to 100,000 dollars our lamborghini used bitcoin to buy it is if you're trying to boy a starbucks coffee but not a currency it is a store value the irs has correctly labeled it a long life intangible asset on tesla means you have to market it if it goes below a certain level it is a legitimate asset class but the class it is many is similar to gold with the more tradeable property to it. instead of say being tiebl trade gold but a store value. ashley: quickly john, do you have investment in bit coin or cryptokurn? i >> i don't. no i missed it i thought it was overvalued at 35 i think it is overvalued here and looks like support around 25 and went back down to that level it is up 4x if past year that's a little too much for me.

ashley: a little too rich for john leifield, all right john thank you. we're moving along quickly thanks for joining thus morning. now, this, white house press secretary jen laying out the biden administration plan to reopen schools. roll the tape. goal to have majority of schools more than 50% open by day 100 of his presidency. and that means some teaching in classrooms. so at least one day a week hopefully it is more. ashley: that doesn't sound very inspiring. does it? let's bring in martha thank you for joining thus morning. you have been very hot on this whole controversy as have so many others. what do you make of biden's plan to i guess reopen schools at the end of april? >> there's, obviously, a few sides to this. we know that the science backs up return to school. return to school across the board in catholic school private

schools have been enormously successful. in terms of transmission, so you have that factor. on the personal side, say to any parent across the country, okay so we're going to sending your kids back to school one day a week. thes other days you're going to have to, you know, continue to juggle things there. that is not going to allow any of the primarily women to go back to work across the country. if you're going give them one day of school it is simply, you know, i can't even imagine how my kids are not in young school age flip but i can't imagine how a parent trying to get back to work is going to juggle all of that. and then the other side of this ashley that i find really interesting -- remember all of the stories that were done that there was tension, and pressure being put on the cdc by the white house by the trump white house right -- so now you've got a reverse and that story was covered across the media. but now you've got a situation and we're looking into this now. so this is just, you know, sort of putting out something to

think about at this point. but we know that the cdc director said that she believed that it was safer for teachers to go back without vaccinations schools should get back underway dr. fauci said same thing about to get guidance from the cdc to come anywhere from today until friday. very interesting to see what that does and looks like and ask the question whether or not there's now being pressure brought to bear from the teachers union no doubt on the white house to make sure that the cdc gives the kind of advice that they can get onboard with. so we're watching that really closely. ashley: real fight with the politicians and the teachers unions no doubt martha i want to move on if we can. here's president biden's reaction to the trump impeachment trial roll that tape. >> are you going to -- >> i'm not look i told you before, i have a job. my job is to keep people we've already lost that were 450,000 people, we're going lose a whole lot more if you don't act and

act decisively and quickly. a lot of people as i said are going, children are going to bed hungry a lot of families and food insecure they're in trouble that's my job. ashley: so you've heard president biden but you know what donald trump still dominates the news cycle doesn't he? now three week since he left i guess martha the question is will the media ever leave him alone? >> you know he's sort of a perfect foe for a lot of forces in the krnghts country try to keep him front and center what's interesting to me at this point ashley is former president has been basically quiet throughout the course of the last few weeks he's off twitter we haven't heard from him and no doubt he'll pick a strategic moment after this impeachment trial is over to speak to the people of the country. you know what about form that's going take remains to be seen at this point but it will get a ton of attention and the president former president comes back and sort of immeasure way and looks back at what has happened i think that could be extremely

compelling and interesting to watch especially given what's going on at the border school reopen there's a lot to be said i would imagine and media will eat it up donald trump has always been, you know, a great -- a great tv. to put it simply. ashley: yes. [laughter] no one would argue with that martha you know let me ask you this, should have biden pardon trump and we all move on? >> you know what it is a political decision it was made by gerald ford, of course, it was a different situation in water gate pardoning his own party but as he came in, now president biden wanted to unify the nation. i think that just -- looking at it as a person who analyzes politics right and what successful and what isn't successful. if biden had said that he decided that it is time to move on that he was going pardon or that he didn't encourage impeachment process that president had already been removed from office in the november election. and that it was time for people to come together it would be a different political strategic choice for him.

and it is one that is i said yesterday, he may regret at some point because are you adding fuel to trump fire and getting people more enthused to back him by going after him continuing to go after him at this point after he's been removed from office i think it is a political calculation. that biden is making it this point we'll see if it is right one only history will know. ashley: only history will tell martha thank you so much for taking time out to chat with us this morning. thank you and, of course, working your show the story at 3 p.m. eastern on fox news the story with martha mccallum officials in palm beach florida are debating believe it or not over former president trump's permanent residency of mar-a-lago. >> critics including neighbors ashley argued that hey, if former president trump lives here as the private resort that he owns it would lower our property value so they took that

off of part of the seven-hour palm beach town meeting yesterday and result is, it seems like trump can continue to reside at mar-a-lago. he's president of the resort he's considered therefore an employee of the club so he can live there permanently. the counsel did not take a vote on this but they are expected to revisit the issue in april. it looks like they're going say you can stay here. ashley: you can stay fair enough lauren thank you. let's get back to the market if we can the dow as you can see back in the green. just let's bring in suzanne lee. suzanne who are your big movements today? >> twitter is probably one of the big movers today since twitter made announcement this morning they'll permanently ban former president trump even if he runs again. but we did see stock rally in back of high per daily active users and social media site anywhere from 5 million at the end of louisiana year so 192 million and check in on lyft

another earning story here because lyft says it might become profit only sooner than anticipated the third quarter of this year instead of the fourth quarter now lyft is mrp of a pure play because unlike über, which über eats to make up for slowdown in the rise business lyft is just only in ride hailing. über, of course, report after bell today now let's also check in on under armour making money in the final three months of last year instead of losing money. online sales are surging that means the stock is trading at its highest at 18 months. finally alibaba is up on a setting i lied i wanted to check in on shopify one more big move today for second largest e-commerce player after they announce shock pay with rollout on facebook and instagram over next few weeks so this continues to spike. the stock. ashley: it does indeed a golf course sighting i love it suzanne thank you very much. let's take a look at this if we can virus cases down, 35% in the

last two weeks. great news. so the question becomes why are thousands of restaurants still closed or seriously restricted around the country we'll get into that issue. plus, mayor of miami wants to turn his city into the nation's next tech hub. can he do it? how's he going to do it? i'll ask him coming up. and dallas maverick no longer playing national anthem at home games but billionaire owner mark cuban isn't explain yg. ben domnich will explain why coming up. ♪ ♪

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transformed into gyms to create socially distant fitness how fascinating our gravy is at train bold in chicago. gives a tour. >> your next work could be in one of these couple of shipping containers smack them together voila you have a gym let me show you inside here. joe will follow me. so you can see how much space there actually is in here. jake goldstein is the ceo of bold thftion kind of your brain child. how did you come up with the idea to let people stay fit and stay away from other people while working out? >> absolutely. so we saw two prevailing trengdz in fitness industry we saw rise of connected fitness people working out in their private space and cost of memberships across the united states was skyrocketing through the roof. so we found a very, very cost efficient way to provide a four wall structure for people to get a private safe clean, modular

experience. >> we have the vaccine coming out people hoping to get become to normal like soon what makes you think that something like this will last even after the pandemic is over. >> created a new category fundamentally in world of fitness there are no personal private spaces at this price upon the so that's a and b is, the detecting infrastructure over here you can see west patterson working out a client. less over there actually has prerecorded content that people can come in here take interact with that's unique to prnl training industry. >> so there you go ash i guess if you come here enough you can look like west here that's what they're telling me. >> there's not enough time in the world that i could ever look like that. but impressive indeed gravy tremmable thank you get back too your workout by the way let's move into this story if we can dallas maverick mark cuban says

team will no longer play the national anthem before home games. he aren't really explained fully why -- there's a good time to bring in ben domenech good morning to you. no explanation, what do you think is behind this move? is it just mr. cuban trying to be extra woke? >> well i think unfortunately in recent years ashley we've seen so many corporate leaders take on political as part of their agenda you'll recall, of course, unwillingness of mark cuban to criticize the domestic policies of china as it relates their treatment of prisoners and the like he's someone who has been reluctant to get involved in those political situations that would hurt his own bottom line as a member of the nba head communities. i think unfortunately in this instance, you know, we really deserve an explanation from mark cuban about this. because it is a political decision and during a very hot button moment.

there were a lot of people i know who hope that some of this woke corporate approach to life would diminish if joe biden were lengted president. obviously, that didn't occur in this case and i think mark cuban should explain to us what it is that we shouldn't be proud of when it comes to the anthem or the flag. why is he making this political decision and why now? ashley: interesting because -- my colleague charles payne put out a tweet about this earlier he said this is not a sports story but much larger campaign against conservative values. he said, you know, attacks on guns about on religion only the flag on the national anthem. he says it is a much bigger serious issue. i'm assuming you would agree with charles payne. >> well i certainly do. and i think that it's a national issue as well one that we're going to have to i think confront in a lot of different circumstances. who is to say this doesn't start a domino effect among other owners we deserve to have a conversation about this that's transparent that's open and to

hear from -- from mark cuban himself. about why he's made this decision particularly given that it comes at a time when so many actors seem intent on turning nation into some kind of thing that needs to be apologized for over and over again. when it comes to the historical movements regarding race, when it comes to inequality and elsewhere. why is mark cuban doing this we deserve to know. >> and also i just ultimate reaction to this will come from the fans, i mean, what does middle america think about this? you know especially in a state like texas? >> i would have many friends who are in texas and are maf fans i've been talking about this with them this morning, and i will just give you a preview it is not sitting well even among those who are left and center who really want to reunify the nation, have, you know, legitimate desire to be able to have some feeling of unity in

america and instead this seems to me to be kind of thing more likely to continue to tear us apart as so many political decisions made in the sports corporate world have been in recent years. >> well hopefully we will get more of an explanation ben domenech thank you so much for joining thus morning. appreciate it. thank you. let's stay on sports major league baseball, announcing new health protocols for the upcoming season i guess question is what are they doing? >> well they're not requiring but strongly encouraging but the league and the union that the players get vaccinated. but in the meantime before they can actually get vaccinated, they're going to give them this special wristband so they can contact trace them if someone tests positive. they won't allow them to dine indoors or gatser in groups of ten people or more and they must get permission to leave their hotels during away games they do not obey, they will be fined ashley.

so mlb said 91 positive covid cases last season only 57 of those were from players the difference this season is, there's going to be more travel yes return of the minor league so those bubbles you will they'll continue -- hopefully they won't get broken, and hopefully the vaccinations will happen. ashley: xeangt let's keep our fingers crossed on that lauren thank you very much. like to check general motors if we can gm just coming out with some big headlines -- what are they saying suzanne? >> they say they have no plans to invest in bitcoin like tesla and elon musk did and continue to evaluating the future now there's debate among some big companies and guess car companies with whether or not tesla and elon musk have a new trend use of corporate cash others will follow jpmorgan says it is not going to happen and says yes other companies will possibly follow and use their cash to buy bitcoin. now this might be something that only elon musk can get away with

because companies want to keep value of their about cash and bit coin vol timty might be too much for some and their investor and big investors as well so you're looking at tesla right now we're down in the session gm, we saw also a lower trade in stock price and if we can bring up bitcoin, i think we're trading closer to 46,000 levels. you know that's pretty pricey about and you know who is to say that only appreciation will take poll from here. >> exactly right look at that 45,000 down five and a half percent gm also down gite those headlines. suzanne thanks so much. earning season marches on some big names reporting after the bell today. lauren, let's begin with spirit airlines. lauren: well i'm just let me look at the stock ashley up 5% and in the past three months, it is up 70%. so here are the numbers for the quarter that are expecting. a loss of a dollar 42 a share, and revenue, obviously, to plunge by 50% so here's the good

news. when we're looking forward and we're looking at this summer possibly some of the return of leisure travel spirit airlines look goods they have a lot of domestic routs and they could according to analysts return to profitability this summer. and that's why the stock has been flying. let's attack a look at zillow group expected to rush to profit of 27 cents they have a front seat in real estate activity that has been moving online that should continue not today but this week. yes, zillow shares did hit record highs and one more for you zinga game time for the video game marks cold revenue as we were sitting home playing games -- expected to hit two and a quarter billion dollars. also watch for talk about any potential acquisition after electronic arts bid for mobile so maybe -- someone might take two or act vision might want zinga. j been playing pong do you

remember pong that's about level of my skills. lauren: i feel like i'm a younger version of stuart varney because i don't play noble video games. i still go talk to the bank teller. i write checks. i'm like a grandmother in the body of someone older than stuart. ashley: you're a traditionalist nothing wrong with class pick lauren simonetti got to move on take a look at this hyundai rolling out in new version of four-legged walking car. look at that. weird we'll tell you how this could become part of your everyday life, really? that story is coming up. and democrats push harold for a $15 minimum wage and new study show it is that change could cost $1.4 million job and andy pozner says that is the beginning. he joins me next.

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you pay a $15 you say a $15 minimum wage would destroy jobs. make your case. >> well even the congressional budget office which is nonpartisan but actually leans left economically. came out with a report a couple of days ago saying that it would eliminate 1.4 million jobs in the year that the minimum wage actually hit $15 an hour. i think it would be far more significant than that. particularly coming out of a pandemic, you know we've got small businesses you know closing by the tens of thousands. we've got 110,000 restaurants alone that have closed permanently. we've got a government and payroll protection program is put a trillion dollars for its trying to make it so businesses could pay their employees. because the situation is so desperate and now biden comes along and sanders they want to waste -- raise 15 an hour you can't expect to create jobs you do things that cause them to kill

jobs. ashley: it seem to me it is basic math is it not? as you point out some of these businesses barely hanging on -- through the pandemic, and then you impose this $15 an hour. the only result of that has to be lost jobs. so why do they continue to pitch this minimum wage? >> it's a political benefit that number one it sounds good it sounds like you're trying to help people. you're really dwail hurting congressional budget office says those who get hurt the worst are young people and people that have less of an education so you're really hurting very people that you claim you're trying to help. but the unions love it because many union contracts are tried to the minimum wage. so you get to satisfy your union supporters. and apparently sound good to people who don't think through the issue because it does have popular support in some areas. so it's a disaster for people and be very harmful but that

doesn't seem to slow bernie sanders or joe biden down at all. ashley: people who have never had to run a business themselves. andy look a these numbers you can over the last 14 days, covid cases in the u.s. are down 35% that's very encouraging. deaths are down 20%. the numbers don't lie. so the question is, should we still have closures nationwide? what say you? >> no. we should not. we have got restaurants and other retailer establishments have taken and invested in taking very serious measures to try to make sure that the disease doesn't spread within their establishments to try to protect to protect our customers we've got more people being vaccinated. it's as you say the trends are all very, very positive. no we should be opening particularly restaurants at least 50% i would say most can probably open 100%. and we need to start getting back to normal.

ashley: well, yes hopefully that will be listened to around this country search areas across like new york as you well know andy they are opening friday limited capacity. could be too little too late we'll have to see but andy posner as always thanks so much for joining us appreciate it. >> thank you ash. ashley: get a check of aiming dison if we can down 1% today but amazon back electric vehicle maker viviana suzanne which is that going to happen? >> electronic van maker could go public as early as september this year and a possible $50 billion evaluation so that timeline according to bloomberg reporting might slip a little bit later maybe into next year but if it goes out of $50 plus, that shows you that unicorn chase is still on only raise cash last month almost half of that just 27 billion dollars. so in less than is it months you can make double it but we know amazon has ordered around

100,000 of these electronic vans for by 2030 and 10 thousand on making roads next year so there's a lot of upside here. >> certainly is. all right suzanne thank you now this, story involving hyundai let's take a look at stock if we can they're developing not mishearing this a new walking car -- lauren sounds creepy frightening perhaps. when can you buy one of these things? >> do you want to buy one ashley? [laughter] many years. so this is a concept car. it is a concept car. it is for supplies that we have think rescue operations. because what it can do is it can roll up its wheels and literally extend legs that can walk the car to places it cannot physically drive to it is go forward, backward side to side and eventually because we're becoming so futuristic it can hook up with a drone -- to do things like space

exploration so ponts are endless but i don't see us driving or -- well driving in a walking car walking in a car i don't know how to say it. [laughter] >> you lost me but i understand benefits that have. i find those videos what messerer rising but lauren thank you very much. next case, the aunt jemima brand getting rid of the name and logo. what's new on this site? >> how does pearl milling sound doesn't roll off the tongue. that's a new name after pepsico face complaingts and backlash for the aunt jemima brand criticize for being a racial stereotype so promilling refers to missouri mill that made the pancake mix in 18 89 but social media doesn't seem to like this new name. so sounds more like gravel not flour and like a bond -- ♪ ♪ [laughter] ashley: it does gravel pancake

not very appetizing yeah. i hear them. all right suzanne thank you very much. families are scrambling to make ends meet after joe biden kills the keystone pipeline roll that tape. >> future ain't looking so great hard to make plan when is you have an administration that is trying to crush your future. ashley: that's very evident you'll meet a community devastated by the pipeline changings, coming up next. ♪♪

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thousands of workers are struggling after president biden shut down the keystone pipeline permit on day one. let's bring in carly, carly,

great to see you. you traveled to arkansas and spoke with a group of workers who are now out of a job. >> yeah ashley that's right you know president biden is saying that killing the keystone pipeline will help the climate and create all of these green energy jobs but if you talk to these laid off workers they tell a very dirveght story so in order to get the full picture i went down to arkansas a town largely compromised of pipeline workers and they say this executive order is crushing their community. take a look. that's clear you're looking at an unploment office here this morning. everybody here is affected and out of work. j few weeks ago you were in nebraska. working in a pump station. that executive order comes down with a signature on a piece of paper you become one of the first people to lose their jobs. >> future ain't looking so bright it is hard to make plans

when you have an administration that's trying to crush your future. >> this was your family home for use and your three boys. >> the land has been in my families for years and now i'm without a job. >> you don't have a job. especially many this day and age best surplus they could do for this country now is to keep working. >> we were both going to have ability to work on keystone after having our little boy to have that future just completely taken away, just by one signature. i don't to draw unemployment. i want to work there's a lot of people in this country hurting and he added to the list when he signed that piece of paper. >> our youngest daughter going to college too, and i don't know how i'm going to pay for it. i have no idea. >> not first or second generation but this is third, fourth generation of pipeliners in this town got to depend on these jobs these were good paying jobs. >> not going to lose jobs but create jobs. certainly welcome you to present

your data of all of the thousands and thousands of people who won't be getting green job. >> they can be people who go to work to make the solar panels. >> when you hear president biden other folks in administration say these folks get jobs working in -- renewable energy. what do you say? >> my husband has spent many, many hours practicing to become a welder to turn around to go into a different job trade completely. we would be starting over -- >> small towns industries are not there. >> nowhere providing jobs he says that he will they are simply not there. >> it is not easy that get rid of everything you've worked shored on and go do something else. it was going to bring 800,000 barrels oil from united states from alberta canada a day now that pipeline is not happening what's going happen to our oil? >> this wouldn't be a new source but a favor, a cleaner but we can't run this country off green energy alone we're a superpower,

and we can't keep the lights on in this country. >> something going to take many years -- to change over to. and right now, it is not the time. >> it is completely political coming in regardless and the final safer way for it to come in. all he's doing is making a men not willing to use their work and hands to -- >> what would you say to him? >> i would love for biden to come out to look at the key stop pipeline see how green it is because he doesn't know. he's unaware. he has no idea. rng show me the proof this is environmental reasons not political. that's what hurts us the most. there's little towns like this all the way from gulf coast all the way to canada this is just a small part of what's going on around this country. >> this oil, gas, you take it away, prices are going to go up and people pay more for grocery and coal and more for houses, right now we're paying --

with our lives. >> wow. yeah. so ashley, you just heard that last guy right there he said that he's paying for the executive order with his life. the good news is that 14 states attorney generals wrote a letter to president biden asking him to change his mind and saying that if he doesn't they're going take legal action one thing to read about this and hear that people are losing their job and something else entirely to hear their stories. and meet them face-to-face. ashley: really -- it really brings it home carly good job, i mean listen, these people went from a high paying job to nothing. and then that part of arkansas what are alternatives they can't go around to get a job at a solar panel factory or wind turbine factory what are they going to do? >> yeah. that's exactly right and that's -- one of the big things that they're so worried about because -- this town is comprised of mainly

poopline workers and even though pipeline isn't anywhere near south arkansas they've been doing this for generations and it is part of their life where they travel around and work on pipelines and to have a project that would have had him employed for almost a year, be taken away from them if you work on a pipeline almost a year you can make upwards of 600,000 so this is a huge blow yeah this is a huge blow for them. and now they're scrambling to try piked something else to do. ashley: we'll see how that legal avenue works out as well. carly great stuff carly thanks for joining us we appreciate it. thank you. soft banks by the way is investing a hundred million dollars to fund tech companies in miami. is it the city on brink of becoming next silicon valley miami mayor francis will join me next.

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here what are you doing make miami the new high-tech hub? >> it is very easy all we're doing is saying how can we help? how can we help bring more innovator and creator, more people that create high paying jobs to our city. we're, obviously, open for business. and we want to make sure that people feel welcome and comfortable in what has become one of the most diverse cities in america and one of the most prosperous cities in america. ashley: we know that soft bank investing 100 million dollars into this big tech push, what does that do for the city how is that going to be used? >> it is a tremendous big bet it is the first big bet in our community and i want to thank marcelo from softback for putting that 100 million bet for cities and for companies that are created in our city who are moving to our city. we have a tremendous amount of founders moving from silicon valley we have a amount of private equity firms moving from new york the confluence of two things in my opinion have never

happened anywhere in history of our country or maybe anywhere in the world so it really highlights how bright city of future of miami is and we a ability to grow ten x in term of our growth envelope so that bodes very well for our future. for city. glark you've been talking tow lon musk what has he said to use and you know all it takes is one tweet from mr. must have been mr. musk and how is that working for you? >> tweeting at each other we finally got connected thruz steve davis who is ceo of the company, and what we're looking at is doing a transformal city to have a tunnel under miami river connecting downtown unfortunately clogged by that bridge and creates tremendous amount of traffic a loss of productivity so what we're hoping to do is create a signature project scaled nationally as i hopefully become the president of the u.s. conference of mayors in january of next year. we want to be able to have

solutionings that we can scale to all of the different cities in the country. ashley: last question for you very we cannily you're pushing for more progressive cryptolaws cryptocurrency laws, in miami, what does that mean? >> it means three things for us the first is qepght to have our employees given the option of taking a percentage of their salaries of their paychecks in crypto we want to make sure our residents have ability to pay for their fees and taxes and crypto weern also looking at the possibility of diversifying our investors portfolio by a portion of our treasury in crypto. >> fascinating stuff, a city on the move. mayor, thank you for joining us today we really appreciate it. >> thank you any time thank you so much. ashley: thank you new york stock exchange is threatening to leave new york let's bring in lauren. does this have anything to do with this proposed transfer tax? lauren: exactly it is a tax that

can run as high as a nickel on share that's priced above 20 can you imagine new york stock exchange leaving new york well president stacey had a brilliant piece in the journal it is crazy it says that pass is implemented it doesn't hurt us but hurts the newscast tore they're going to have to, you know, work longer as a result money is mobile. trading firms have left new york, and you know, what? the new york stocks exchange would be next potentially a threat she made let's bring up her quote this basically sums it up. stacey cunningham said new york stocks exchange needs to follow lead of those relocating firms some of our customers will asking about our willingness to relocate ashley. >> wow. that's another shot across the ballot new york here new york stocks exchange not new york interestingly lauren thank you very much. quick check of the big board as we head to the break, as you can see the dow up 21 points. we'll have more varney after

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♪. ashley: all right, let's take one final check of the markets for you. the dow is up ever so slightly. it has been a very muted trading

session. nasdaq off a third of a percent, dow, s&p, also down slightly. big names reporting after the bell, uber, mgm, windham resorts among them. stay tuned to fox business for all those numbers. our time is up but guess what, neil cavuto is taking it away. neil: stuart, have you had some work done? ashley: thank you very much, neil. neil: thank you, my friend, very, very much. ashley webster. we've got a lot coming. welcome, ladies and gentlemen, "coast to coast." we're monitoring the reassumption of that impeachment trial in the united states senate, what surprised a lot of folks everything said and done yesterday. six republicans said this was constitutional procedure, they could move on. we'll get a lay of the land here, what will be next couple days, 16 hours