truth what will the justice department do about it? maria: and congressman tom reed made news on the story this morning when he joined us. dagen mcdowell, liz peek , thank you. happy valentine's day. i will see you tonight on wall street and sunday on fox futures. take it away, stu. stuart: good morning. good morning, everyone. did you get into bumble? do you hold disney? dabbled with pot stocks, did you? we will get to this. bumble went public thursday. the stock went straight up from the 43-dollar offering fret-- price and the founder of. "there coordinated yellow is now worth a billion dollars took at 31 she is the youngest self-made billionaire with the stock moving up

another 4%, $73 a share. disney, is at the most valuable media company in the world? may be after financial report yesterday. it with straight up, close to $200 a share making it worth almost $350 billion, that's 100 billion more than netflix. i'm going to call disney the ultimate pandemic recovery stock. more on that later. pot stocks have been the reddit to go to group recently. if you got in, did you time your exit or did you hold on. they have come off their highs and this morning they are down more. tilray is back-to-back 28. we have not said this for a while, it looks relatively calm with the dow industrials, nasdaq will all be down, but not by much. date number four of the impeachment trial and today we hear from the president's defense team

it will drag through the weekend, absolutely no market impacts. it's a big show, always is an especially on a friday as we look at archer aviation, the electric plane people. it's a short vehicle they have there, united order to hundred of them. is at the future of aviation? gregg smith has invested in it and he's on the show. you buy jewelry online, sean kehl runs the longest online jeweler and i went to ask him about those diamonds are grown in laboratories. susan almost choked to. susan: i did. stuart: wait till you hear florida governor desantis respond to the threat of travel restrictions on the sunshine state. that is must-see viewing. "varney & co." is about to begin. ♪♪

stuart: that has a certain degree of thumb. [laughter] susan: happy friday. stuart: thank you. at the empire state building, by the way and it's freezing cold here. i went to get right to. florida governor ron desantis really blasting the biden administration on the potential domestic travel ban for some states with florida included. roll tape, please. >> i think you would be unconstitutional. it would be unwise and unadjusted and if you think about it, restricting the right of americans to travel freely throughout our country while allowing illegal aliens to pour across the southern border unmolested would be a ridiculous but very damaging farce.

any attempts to restrict or walk down florida by the federal government would be an attack on our state, done purely for political purposes. stuart: i think it's time to revolt, quite frankly we will do something unusual. brian belsky normally talks about stock markets, but i notice he's coming to us this morning from naples, florida, a special place in my heart. so, what is your reaction, brian belski, to this idea of banning travel in florida, domestic travel? >> i have been here since january. my two best friends in my building are both named earl and they are in their 70s, when is from ohio and one is from michigan and they are down here every year ended they have seen what's happened and they have their shots and they keep chiding me too get my shot and i will before i leave, but

listen with respect to this rhetoric in terms of florida, it's become an international, and i get a lot of question from comets around the world and this doesn't sound united states of america or the unifying that mr. biden talked about in his inaugural speech, that's for sure. stuart: you have that right. let's move onto the market. we always think of us bullish brian belski. look, i know you are still bullish and think the market will go up, but a lot of people are talking about a correction coming in the near future peer do you see it? >> well, starks are rarely only near for long we will have a pullback. we are not of the opinion we need to jump up and down save we will have 10% credit-- correction. my grandma taught me a cool word-- bog. i don't think it adds any value. with added value is the transition that we will make a transition from a price of earnings led

market to more of an earnings led market and you do see some volatility, but the good news is the reason you see volatility is more earnings driven performance and you can still have positive performance through that and we think it will be much of what will happen in the late third into the fourth quarter into 2022 as a return to normalcy carnivals into 2022 and 2023. it won't be 2021. stuart: there are some very good news on the pandemic, cases down, death down, hospitalization and, i mean, i'm not going to say oh, we will declare victory, but surely this improvement in the statistics, the metrics of the pandemic, shortly that is a plus for the market, isn't it? >> absolutely. the market is a discounting mechanism and wants to get ahead of this so that's why think the market has pushed forward some with results from the second half in terms of price

performance, but from a company perspective in terms of fundamentals, we will start to see a expansive and earnings in the third important quarter and i think that's where you'll see multiples come down, not that the market will crash or go down in price, it's going to the bottom side of the multiple meaning the earnings side will grow faster than price and i think that's strong fundamentally. stuart: so, i should not sell microsoft, is that right? >> right, don't sell your tech stocks. maintain the consistent growers, microsoft, amazon, google, but also increase holdings in financial industrials, any consumer discretionary. stuart: got it. bullish brian belski from naples, florida. thank you. tesla, $800 a share. elon musk appeared on joe rogan's podcast

again. he's making a big prediction about austin, texas. susan: no pot smoking this time but austin is the hottest city in america and a big opportunity for the future of the elon musk. >> the biggest a boom town in america. >> i think so. >> mega boom. >> i think we need to make sure that austin-- you know people moving from california don't inadvertently re-create the issues that caused them to move in the first place. stuart: yes, yes, thank you, elon musk. don't take your politics with you when you leave california see to let's get back to austin because no-- we know tesla is building the cyber truck in the city. it's not just tesla with oracle moving its headquarters also and samsung may be building a chip factory and apple is investing a billion dollars to expand its austin campus so it

looks like austin is a boom town. elon musk also warned-- you love that last line of california not taking their values with him to texas and i think it probably oppose that to their ultra liberal thought process if you are not with them your against them. stuart: liberal policies in california failed peer don't leave california and go to texas and take your politics-- i am being polite, don't take your socialism with you, for god's sake. susan: third time joe rogan interviewed elon musk in this time it's exclusively for spotify. remember this? it made someone like you a nonbeliever-- stuart: i wonder if his purchase of bitcoin, i mean, tesla bought one and a half billion dollars of bitcoin and did that when the stock was about 880 and now it's 800 or does that have anything

to do with buying bitcoin? susan: on not sure because it helped lift of bitcoin but a lot of people follow tesla and elon musk lead in using their cash to buy bitcoin. stuart: by the way, andrew yang i remember him from the democratic debates for the presidential election and i thought he was interesting. he's going to run, i think, for the mayor of new york and he's talking about making new york city a crypto all but. susan: that is right yang adding the bitcoin explosion to his campaign platform tweeting as mayor of new york, while financial capital i would invest in making it a hub for bitcoin another cryptocurrency's, but it's not just andrew yang as miami weight-- miami mayor, speaking a blazing a trail when it comes to bitcoin proposing to accepting taxes in bitcoin and

paying city employees and bitcoin. glisson's next idiom miami supports efforts to make bitcoin unacceptable currency for us to potentially invest in in the future. it's a wonderful to be crypto forward city and i want to thank my commission colleagues for allowing that. susan: as an employee i'm not sure i want to be paid in bitcoin, to be honest. especially when the value can plummet in a hurry. stuart: great job, susan. here's a couple of coins 48280, not too shabby. looks like president biden is trying to have it both ways with china. watch this. >> china is going to eat our lunch. >> come on, man. if we don't get moving they will eat our lunch. stuart: he downplayed it clearly in 2019 and now he's concerned that we have the full story. look at disney with the stock. 192.

i'm going to call disney the ultimate: recovery company. we will talk about that moment. quick look at futures, calm across-the-board. not significant price movement. back with more after this. ♪♪ ♪♪ ♪♪ ♪♪

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fascinating. i want to know more about this dating service, lauren. lauren: well, it raises 70 questions. it's a dating service as people don't want to be lonely during a pandemic and even after, but bumble is billing itself as a global brand for women which is one of the reasons why yesterday when they debuted on wall street the shares cost 64% giving it a $13 billion valuation and their founder who is 31 and female is now a billionaire so the question is, how is yet another stock jumping so much on day one because if you look at this uc airbnb, doordash more than doubling in their first day trade. snowflake also mean these gains gains are unbelievable raising the question, are the investment banks underpricing their shares so their clients can gain on day one or is it frosts in the

market. i'm going to go with the latter, i mean, a hot ipo is a way for investors to make money and we can see that happen but even if it is a global brand for women it's still a dating at any could argue that the market is a saturated a. stuart: i notice you are wearing yelling-- yellow, is that it sympathy or to coordinate with the founder of bumble who was decked out in yellow big-time. lauren: forgive my ignorance. i heard you say at the top of the show, what's with the yellow, i don't understand? stuart: everywhere-- lauren: was there a meaning? stuart: i don't think so. it was just color-coordinated. i was impressed, not like me too be impressed with color coordination. lauren: you picked that up and i did not, interesting. stuart: very interesting. let's get to disney, 192 per share. hemi- subscribers?

susan: almost 95 million at the end of 2020 pulling in over 21 million in the last three months of the year so for a total of 146 million total case subscribers across disney plus, and that helped disney make money instead of losing money and that they were expecting to lose money for a third straight quarter, that's what wall street predicted because of closures at the disney parks, but this is a blowout number streaming for disney plus. netflix took nine years to get to 95 million and disney, only 14 months so now they are increasing their guidance to 250 million disney's plus subscribers by 2024, but i think that achilles' heel will be theme parks there will still be social distancing so what is full capacity now, isn't only 50% of what we knew it to be and what is that for the bottom-line?

stuart: and they really come back strong if they can open up 100% and everyone is out having a good time. susan: prete-- pretty indication that streaming is the future. stuart: is disney the ultimate covid recovery company? i say yes. let's bring in burnie as he makes a living analyzing disney pair burnie, i say it is the ultimate covid recovery company. what say you? >> great point peer disney is interesting certainly straggling both lines of every opening play and stay-at-home. the reopening plane was on display last night with evidence the worst is probably behind us for the parks and we actually got some positive commentary from the company saying we should be potentially looking at a case where they get to prior levels of profitability a year earlier than expected so fiscal 20 tweaks-- fiscal 22 instead of

fiscal 23. stuart: that was a pretty good outlook. are they now the world's most valuable shall i call them entertainment company? >> ya, i mean, what they have been able to do with disney plus is a standing as you mention getting to 95 million subscribers 14 months after watch and what's amazing is they have done it with library content and normally when we talk about streaming we talk about it shows driving subscribers to the platform but disney was all library content. "the mandalorian" was the only original series , but now they will have original content with wanda vision, the winter soldier coming up in march. we have more "star wars" series coming so we really think the new original series will supercharge the growth and then it will allow the company to charge more for their product and narrow the gap between netflix and hbo and right now disney plus after their price increase in march will be about $8 versus $14

netflix so we think that will narrow overtime and we think netflix will continue to raise prices as well. stuart: burnie, does the stock march above $200 a share this calendar year? >> i think so. we have 220-dollar price target and we value as we laid out in our note we think there's upside to the park estimates so twitter 2012 month price target for us. stuart: thank you, bernie. we appreciate it. back to the overall market, it opens and seven and a half minutes we will be down, but only slightly. we will be back with you after this. ♪♪

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stuart: look who's here, check the market, down a bit. the gentleman right they are lower right-hand corner of the screen. sorry to relegate you down there, gary kaltbaum, but welcome back. are we still in meltdown mode? >> ya, notwithstanding

two, three, 4% correction which we make at susan. when i started thinking about four and five months ago continuing i would not be surprised to see nasdaq 17000 plus , melt up last a while and i still have not seen everybody go nuts as far as being bullish. stuart: what did you say? i missed that, 17000-- what did you say? >> nasdaq 17000, i would not be surprised. the dow jones won't collapse much because bigger stuff, the nasdaq will continue to be the place to be. stuart: that 17000 on the nasdaq would be 13 and a half now, that's a gigantic melt up. >> it's another 20 odd% -- percentage and we saw in gamestop, we just thought in the marijuana stock which wide-awake

drop between 20 and 50% yesterday so you getting quarters of the market that are insane and then there will be repercussions, but i think right now we are in the sweet spot notwithstanding small pullback. stuart: if we got to 17000 on the nasdaq would mess it up the mother of all correction? >> ya, part of melt up is some meltdown. the biggest problem i have long-term is excessive leverage of the margin in the system , valuations are off the charts, penny stock trading is making 1999 look like a piker. icy 20 cents stocks go to $2 and 80 day and of course we can talk about the bitcoin mania were all of a sudden after a big move up everyone wants to get involved and accepted bitcoin. let's move the back a few years when bitcoin had the first rally with a bunch of company starting to accept it

and then got rid of it a few weeks later when it started to crash, so buyer beware after this big move the. stuart: you are in orlando, florida, what you make of this possible domestic travel ban in and out of the florida? what you make of that? >> i wrote this morning how at the same time they're talking about a domestic travel ban including florida, they are letting people walk through mexico right now so i do not understand the logic. it's a logical and florida is doing just fine. i wish they would just leave well alone when things are going good, stand on the sidelines. business is getting better here and people are smart. they are wearing masks businesses understand covid, but are able to be open at the same time stuart: elon musk says if you leave california, if you leave new york ago to texas or florida i don't take your politics with you. gary kaltbaum, we are out of time, but great to see you. in 10 seconds they ring

the bell and then they start to trade. we are not looking for any major price movement in the indicators. the dow, s&p, nasdaq, doesn't look like a monumental move at the opening bell, but we really have no idea in this market how things will close out at 4:00 p.m. eastern. we have started. ) the get-go we are down a few points, that's not many points to be down. and a lot of bread when you're looking at all of the dow 30. two comments at least two thirds in the red. the dow jones is only down about 36 points in the very early going, just a fraction. s&p 500, same story, down a quarter of 1%, 3900 in the s&p, nasdaq composite 13974, so you have it retreated that much from 14000, slightly lower. on your screen, bumble has open for trading, the first full day.

went public yesterday at 43 and it's now 74.92. that young lady who cofounded it is a billionaire, boom him and just that. virgin galactic, i'm pretty sure that stock will be down this morning because i believe they are down 10%, did they cancel that test line? susan: canceling that test flight reading we have been progressing through our preflight preparations and doing the process we allowed more time for technical checks and we're working to identify the next flight opportunity. upcoming spaceflight, the test, is a redo of the december attempt the company had to abort mid- launch and virgin galactic way behind in its schedule because three test flights should be out of the way with testing of richard branson on board the first quarter so it goes to show you they are really behind schedule and they have a lot of ticket orders right now

in the 250,000-dollar range, but to actually get that to be actual ticket sales into flights i think that is in question. stuart: where they bid up by the reddit crowd? susan: spac crowd as well. stuart: the short squeeze pot stocks, looks like it's over. i won't say that forever, but if you show them now i think you will see them on the downside across the board. mi right there? they were the favorites of the reddit crowd a couple days ago. susan: all over the wallstreetbets page with the reddit seems to be waning. the crowd had been pumping up some of the marijuana stocks. now the unofficial public space of reddit would you say has been dave portnoy? stuart: yes. susan: he treated his back into sun valley. some of the stocks have gained, i mean,

tremendous one-day pops. for the whole week you have seen almost 100% gains and also aurora cannabis reporting better earnings. tilray will merge to become the biggest pot company in the world with tilray up almost 500% on the year. stuart: down this morning. citigroup giving alphabet-- i always call them google. susan: they still are. stuart: $2078 is the price now, but that company which ever was. susan: citigroup-- their target price is 24.15 almost 20% up from the current levels and the reason is recovery in advertising revenue as we saw for the final last three months of last year. explosive growth, still losing money. also, content news and how much they're willing to pay for publishers of. stuart: let's see how they close when the word gets out a major firm thinks they are going to

2400 as opposed to make 2000 even. i don't understand this, susan and you will explain. microsoft says google and facebook should have to pay for the news is shared on its-- susan: this goes back to the australian law that would force google and pays-- facebook to pay publishers for their news and in reaction they said if it goes through they will stop and and our business in australia. microsoft is stepping in it's strange for competing company to weigh in to this debate microsoft says google and facebook should pay publishers for news mean if you think about it if they have to pay people for news, that comes out of their profits, so that means they lose revenue and you can imagine that also hurts the stock price. stuart: microsoft sticking it to them. susan: if they do in australia, they have to do it everywhere else especially in the us and you know more than 50% of the 18

and 45 get their news off of social media. stuart: terrible thing, but they are. expedia, let's see that stock. of their revenue was down 66% compared to last year. not surprised. there you have it, down 2%, but no surprise that their revenue came down because with the pandemic people are not traveling a worse yet ceos of the recovery is quote unpredictable. surprising it's only down 2%. the boeing maxi jet is back in here. people are flying commercially on the max jet. i thought there would be a big fuss about getting it in the air, but apparently not. susan: united is the second us air carrier to return the max to service and they are looking to get 2000 max flights offered by march. we know us regulators only lifted the grounding just recently so american air was the first one you know which

airline has the most max jets in its fleet? stuart: tell me. susan: southwest. they have about 38. they have ordered 280, but because of: they told boeing we are only accepting 48 planes. stuart: a year ago we were speculating would anyone want to fly on a max jet. susan: how many people are flying out? stuart: that they are flying. have you heard of anyone saying i'm not flying on this plane, it's a maxi jet. susan: not yet, but when we have more travelers they might take a closer look, i think. stuart: the anxiety generation. became stop said they did not raise any cash while their stock was rallying. game. went to my $500 a share and they did not try to raise money and it's all the way back to 49. susan: they said they did not know they could pick they were concerned regulators would have a problem but they could have added to their cassia stockpile.

their market value sword from one and a half billion in early january all the way up to max 33 billion at the end of the month during the reddit brigade and the rally on the gamestop controversy and this was an opportunity for gamestop to add to their cash and maybe turn around their business which we know long-term could be in trouble especially brick-and-mortar with people downloading games stuart: that's the way it goes. susan: you as our next week that maxine waters herein on gamestop and pseudo- hedge fund founder. the founder may also make a appearance. stuart: what is this about bitcoin now an option? susan: you know what it is anyone's guess the way you pay people. susan: when have you ever paid for your share of the dinner?

stuart: is that how you do it? susan: you forgot the question. you transfer money to me on the venmo app but now you can transfer that coin and they will also start doing this in the uk and paypal actually made announcements that they are not going to use their cash holdings and trish and into the coin like tesla and elon musk did. they did predict that account will store in the future and that's why we were looking at bitcoin rallying. stuart: i wonder how you handle the tax. if i had to bitcoin on my venmo or whatever and i transfer one bitcoin to you after substantially higher price that i got the bitcoin for in the first place, i have just made a profit, a capital gain susan: i assume you get taxed on your capital gains; right? stuart: is there a papal are-- a paper trail? susan: you have to disclose how much bitcoin you own to the irs now anyway.

stuart: shall we move on? yes. we witnessed new york's governor, shift blame for nursing home death. let me go back. remember this. >> why did god do this? , i don't know, but who cares? thirty-three, 28 died in a hospital, died in a nursing home, they died. stuart: now there's a damning report from the "new york post" revealing cuomo's top aide admitted they withheld data to avoid public scrutiny on deaths in nursing homes. it's friday, that means friday feedback. you still have time to send in your questions. still have time, send it in, please. we will be back. ♪♪

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stuart: thirteen minutes into the trading session, not much movement. a dow jones down 30. pit-- bitcoin 47000 big change in the lasting minister we were well above 48000 and now it's 47100 or do we have the 10 year treasury? how about the price of gold? novavax how about dow jones winners? next,-- okay, so we don't have that. we have problems with technicalities here. it happens on a live tv. the secret is to smile no matter what happens. susan: it's friday. stuart: keep smiling. next, charles schwab

says new brokerage accounts in january surged big time. tell me about the surgery, lauren. lauren: 200%, so in january they added about 1.1 million new customers, up as i said 20% from january 2020 and up 70% from december just a month before. could it be that reddit momentum, gamestop, amc frenzy? many brand-new investing opening up new accounts. stuart: some of our technology works and we have to show you charles schwab up. how i propose-- i propose. here's the storm interested in, archer aviation, electric aircraft start up, united airlines has ordered 200 of their electric planes. gregg smith is here. he loves this company.

he's an early investor in archer airlines. was the proper name, archer aviation claimant archer aviation, stuart. happy friday. stuart: happy friday to you. i know you own it, and on the ground floor. what is so good about archers planes? >> i woke up wednesday morning's come fly with me when i found archer was getting acquired by the spac in a $3.8 billion deal so archer basically makes flying taxis. they can go 150 miles an hour. they have a 60-mile range and that will improve with battery life-- battery life technology so imagine getting to jfk from midtown manhattan less than 10 minutes, safer than a helicopter and certainly safer than putting your hands in the-- her life and has a taxi driver took it will be affordable, and i think there's really what i call urban air

mobility moment happening here with accommodation technology , sustainability as we try to deed carbonized the future and it will happen in the air and consumer acceptance. stuart: i had to ask, you said it would be about the same cost as a uber x. if i took a uber x from manhattan to jfk for example i think i'm looking in about $100, susan? susan: yes. stuart: are you telling me i can go on an electric plane from manhattan to jfk $400? >> we will see that, yes, i mean united is buying 200 of these and gave the company a 1 billion-dollar order. first it will be in the los angeles market by 2024. it will cut down on time and emissions by taking people from laissez hollywood to lax in it minutes. this will be affordable.

it won't be like taking a helicopter which might cost hundreds of thousands of dollars, but this operating is so much and lower. eventually we will get in these vehicles flying around in the sky with no pilots. this will be one of the biggest investment opportunities i think about her generation. morgan stanley calls it a one and actually dollar market opportunity. united invested in the company this week which is fiat chrysler and they also received an investment firm or on bearing who's been incredible tesla ball and i personally invested when they were in stealth mode with mark war who is the e-commerce head of walmart. he founded diapers.com. and a-rod, alex rodriguez, it's a remarkable company, went to watch and i think the opportunity and what's going to happen in terms of urban development and infrastructure place here as we begin to seek landing pads for these things developed in

urban settings. stuart: i missed the electric car market boom and i will probably miss the electric plane one also. gregg smith, thank you for sharing this with us spirit airlines is hiring, news event. a take that it is good news? susan: it is good news and they have decided to resume training courses next month. the airline is set to be back to may 2019 capacity levels by this summer. doesn't that sound bullish? somewhat say it's optimistic. spirit itself in ball-- avoided involuntary furloughs of unionized employees unlike other airlines. american, united and the like had to furlough thousands of employees and they say they might have to do it again if their aid is not extended in this new $1.9 trillion package. stuart: moving on, dow jones down 25 points, most airlines

are up. one left we-- left wing writer for the atlantic impairs covering the trumpet ministration to storming omaha beach. is that what journalism has become, just a way of getting rid of up president you don't like. joe kocher will talk about that later. white house press secretary jen koch-- jen seki even says spirit should be happy with the plan. >> why should they be satisfied with that? >> they should it be, i wouldn't be as a parent. i have two young kids and i know many of you have kids as well. stuart: today the administration unveils their plan to get the kids back in the classroom safely. operative word, safely. details will be on this show. ♪♪

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stuart: i like that graphic, failing our children. a cdc will release their school reopening guidelines today. oblate vermin in dc, did you have any details?

>> they are coming at 2:00 p.m. officially from the cdc so we will get it then, but there's going to be a lot to look for potentially as to what the cdc could put out for example what could they say as a relates to vaccinating teachers, ventilation systems, class sizes, just a few things to potentially hit on and maybe local transmission rates in communities and how it might lead to how students are brought back. we will see potentially have the cdc lays all of this out. there will be a lot of focus on this guidance especially since the new director of the cdc said earlier this month potentially she believes it's the state's environment-- it's a safe environment for students in the classroom. watch. >> i also want to be clear there's increasing data to suggest schools can safely reopen msa preopening does not suggest that teachers need to be vaccinated in order to reopen safely.

>> as for the biden administration, they have been shifting their position with the president said on the campaign trail his goal was to open most schools in the first 100 days of his administration, but in the recent days the white house has said that means more than 50% at least one day a week with the recent numbers now showing we are past that point already in the administration is now saying the goal for the president is that he will not rest until schools are open five days a week. we will hear from the cdc this afternoon. stuart: i'm delighted to hear from that teachers union, also. i'm sure we will. here is what is still coming up on "varney & co." today, joe concha, judge jeanine pirro, rick purnell, the second hour of "varney & co." is next. ♪♪

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♪ get it right. ♪ everybody's working for the weekend ♪♪ stuart: very apropos, working for the -- what's that, loverboy? is that the name of the band -- susan: they're from the '80s, i think. tooth. stuart: how come i didn't know that? it is 10:00 eastern time here in new york city. straight to the markets, please. i want to look at bumble, first of all. dow jones is down, s&p's down, nasdaq down. show me bumble, please. it's a dating service, went

public at $43 a share, look at it go this morning, $76 a share. the cofounder is now a billionaire. youngest billionaire ever, self-made, that is. she's 31. it has, indeed, been a wild ride for those pop stocks. they became the target of the reddit trades. they went straight up. this morning just a few minutes ago literally, they were straight down. now they've gone back up again. look at tilray, up 7% just in a matter of moments and canopy growth up 3.5%. stocks all over the place, at this moment they're up. at this moment we've just got some consumer sentiment news. lauren, tell us. lauren: surprise drop, and it's very disappointing. for the month of february, the university of michigan says consumer sentiment fell to 76.2. so it's down from january and much worse than expected. the weakness seems to be in the index of consumer expectations.

so what we think about the future, that came in under 70. so the survey's a gauge of how we feel about masking, social distancing and businesses being closed and then reopened and all that, and it looks like our expectations going forward are decreasing, hence the overall number, a surprise fall, stuart. stuart: maybe the bad news has taken over, the anxiety has taken over. maybe that's the case. by the way, no impact from those numbers on consumer confidence on the market. we're still down 50 on the dow and down about 20 on the nasdaq. all right, everyone, now this. if you've watched this program, you'll know we spend if very little time on the impeachment trial. right from the beginning, we said we would concentrate on the issues that affect your life, not the political theatrics in d.c. we've covered what so many others have ignored. that is, the rapidly improving covid news, being not so

downcast. things really are looking up. new cases keep falling. the latest reading shows 105,000 new cases as of thursday, yesterday, down 36% over a two week period. 3,878 deaths. that's a big number, yes, but it's down 15% in two weeks. 10% of the population has had at least one vaccine shot, and hospitalizations are down sharply. question, legitimate question, are we at a turning point, firmly on the road to recovery? the signs are encouraging. obviously, it's far too soon to claim victory, but surely we can look to the future with some optimism, can't we? after a year of restrictions, personal behavior has changed. there's a lot more mask wearing and far fewer gatherings. that does help. the advantage vaccination rate y picking up. it's about 1.6 million a day now and will likely hit 2 million a day next week. that helps.

we're told almost a third of the population has had it. they've had covid. add that to the people who have been vaccinated, and we're at the point where literally tens of millions are no longer in danger. they may carry it, but they won't get it. that's a big deal. we bring you this because the media is just so bogged down with impeachment, so negative. please, let's not ignore the positive. we've been down so long, it looks like up to me. that's a 1971 movie. second hour of "varney & company" is about to given. ♪ ♪ to begin. ♪ ♪ stuart: tammy bruce joins us this friday morning. [laughter] good to see you again, tammy, love that smile. now then, i think the pressure -- >> thank you. stuart: -- welcome. the pressure is on governors cuomo and newsom. with all this good news on the

vaccine, come on, open up, right? >> yeah. yeah, i mean, this is what is frustrating the american people and even the impeachment, you know, and those consumer confidence numbers. i do through they're all -- i do think they're all related. we see a government that is sucking its thumb and twirling, you know, in circles and not knowing what to do, and we have a sense of what to do, right in the american people aren't dumb. and you've got these two governors, major important, obviously, american states with incredibly important cities, and they're destroying their states. and now with the governor cuomo news that, in fact, details regarding the pandemic -- and you're right, the numbers are more positive, to say the least. media won't cover that either. everything you said, stu, about the positive numbers, how numbers are going down, nobody covers that. it's almost as though the establishment from those governors to the media are invested in fear porn. in keeping americans afraid. and that's, we begin to see

surprisingly low consumer confidence numbers because we might not even believe them, but we're concerned that they seem obsessed with keeping us afraid. so these governors, look, governor newsom, looks like the recall is going to happen. that requires a little bit more work. the rnc just put six figures into that everett. cuomo has now been exposed by a whistleblower, that they deliberately hid -- according to an aide in a private conversation to democrats -- they hid those extraordinary numbers of deaths in nursing homes and assisted living facilities. it's going to require a probe. so this is what makes americans nervous. authorities screwing up, being incompetent and deliberately lying to hide either incompetence or malevolence, and we've got to get past that, and we've got to call them out for it. stuart: been down so long, it looks like up to me. that was a movie back in 1971, just as i was a a arriving in

america -- >> and, by the way, don't mock '80s music. that's good music. you do play it. susan li, she has no -- she does not understand the '80s, i'm sure, but we do, and power to the '80s. stuart: right. and the '60s. never forget the '60s, please, because that was just -- >> oh, no. [laughter] stuart: susan's staying rather quiet. good idea. susan: i remember the '80s. retro days. stuart: vaguely. >> you know, from tv, from tv. [laughter] stuart: good stuff. tammy, thanks very much for joining us. have a great weekend, see you again soon. all right. i think it's about time we covered the markets, and it's friday morn, it's about 10:00 eastern time. time to bring in this man appearing on your screen shortly, jonathan hoenig. all right, jonathan, are you expecting a big correction soon? >> yeah. i remember the '70s. you know, they say people who remember the '70s weren't

alive during the '70s. i read about the '70s, stuart, and there was a lot of corrections in the market. i don't want to sound like the boy who cried wolf, but i think you have to expect at least a 10 or 15% correction of the market. look, apple was $100 last summer, it's still $134 today. tesla was $200 last summer, it's $800 today. so, yeah, i think there's a lot of room to fall and, in fact, a lot of indications that the market could fall primarily because of the explosion in interest, in volume, or you know, options volume, stock volume has exploded. stock volume has doubled in just the last two years, volume options is a record and, in particular, stuart, call options, small investor interest in call options. add it a all up and add on to that the fact that interest rates are rising pretty rapidly. prices are falling and interest rates have gone from, like, six-ten.s of 1 trt a year ago to

1.2% at the ten years. a lot of reasons i think right now that stocks could fall from all-time highs. stuart: do you think we've seen what i'm going to refer to, an old-fashioned expression, pump and dump? some of the pot stocks, gamestop, you drive 'em up, dump them and take your profit. are we seeing some of that? >> i think it's always around in stocks, it always exists. but i think it tends to exist at those all-time highs. and it brings us back, again, to the late 1990s. back then it was message board like raging bull where you had that same type of pump and dump. and, of course, last time it wasn't gamestop, but it was a lot of the internet stocks were the subject. so, you know, is this like '87? i'm not sure, stuart, and i might be early, but i don't think i'm wrong in the fact that this market is due for a correction. stuart: the message this friday morning is from jonathan hoenig, watch out. and the message is well

received. see you again soon. >> have a great weekend. stuart: i'm starting with disney, down 1.5%ed today, but they came in with a very large number of disny plus subscribers. -- disney plus subscribers. susan: and the conversion rate, the fact that they came out with 95 million subscribers at the end of the year, pulling in over 2 the 1 million in the -- 21 until in the final three months, i thought that was pretty press i. -- impressive. hulu, espn plus, can and now they're gunning for 260 million by 2024. these numbers are staggering, they are extraordinary. because if you think about it, it took them nine years to amass 95 million customers, it only took disney 14 months. i would say the achilles heel is probably the theme parks given that they saw declines, of course, you haven't really been able to reopen like they have in the past, and there's still going to be social distancing in the future. stuart: they had such a terrific

runup to yesterday's financial report. susan: yes, they did, that's right. stuart: there may be profit take. superzune that would be true, but how impressive are these streaming numbers? wow, 95 million, nine years for netflix. stuart: netflix and disney, they lead the streaming pack. susan: for now. stuart: yeah. i want to get to bumble. first full day of trading is today. now they're up another 13%. give me more on this, lauren. lauren: i think they might be convincing investors that they're more than a dating app, they're also this brand for women. they have a bff service so you can make friends, also a networking career service. so they have ways to stay relevant when the world opens up and we can, like, go to the bar or the grocery store or wherever you're going to meet someone in real life. they want to stick around. so they have bumble here in the u.s., but they also have a european brand. and together 42 million monthly

active users, 2.4 million of them pay. what do they do with all these ipo proceeds from yesterday, do they expand, do they buy other companies? one more thing, your other lady in yellow, the 31-year-old ceo, whitney? she's getting a lot of props this morning especially from women because she rang the opening bell at the nasdaq with her 1-year-old on her hip. and people are saying that's so ground break. she is now the youngest female to ever take a company public. and, yeah, at 31 she's a self-made billionaire, stuart. stuart: the youngest, to boot, i do declare. lauren lauren yep. stuart: and she's worth even more now because she's got a chunk of the stock -- lauren: right? 13% gain. stuart: lauren, good stuff. i like the yellow. check the markets again, we're down but not that much. susan: let's look at paypal, and

they say they will double the number of active accounts to 750 million by the year 2025, also allowing venmo users to send bitcoin from person to person, also in the u.k. but they're not using their cash pile to buy any bitcoin like tesla did. virgin galactic delaying their test flightagain, it was supposed to happen this weekend. scrubbed in december, behind schedule here as they were supposed to fly branson onboard in the first quarter, not likely at this point. let's check out the pot stocks, aurora cannabis still losing money and gm advisers says you should sell the stock. and sun dial, he says he's not a pump and dump operation, according according to him. pump and dumpers will tell you when they sell out of it. stuart: well, i think there's some pump and dump operations

going on out there, not necessarily involving him. i think it's a valid expression. sun dial down 7%, $2 a share. now, take a look at this, president biden on the white house lawn this morning which was decorated for valentine's day. trump and melania would have been ripped for this one. we've got the story. it's the super bowl of nascar, we're taking you live to the daytona, florida, where fans will be in the stands this sunday. and in states that are not florida, other states, it's still winter, and know mobile sales are surging. -- snowmobile sales are surging. we're hitting the trails in wisconsin where the temperature is a brisk 5 degrees this morning. ♪ she's got a ticket to ride. ♪ she's got a ticket to ride, but she don't care ♪♪ ♪♪ you can spend your life in boxing or any other business,

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♪ stuart: we've been open for business for about an hour, and we haven't got that much price movement. dow down 50, s&p's down 2 and the nasdaq's down 30. not much movement. however, look at affirm, that is an online payments company. they forecast weaker sales sol unit that's not good. you to that, your stock goes down, in this case down 10%. change the subject completely, look at this. president biden took a tour of the new valentine's decorations on the white house lawn. i want to bring in joe concha for this because cnn broke away from their normal programming to say how wonderful it was. they just love, they just love, don't they, they just love the biden couple. >> and i'm old enough to remember, stu, when melania trump decorated the white house and put some red trees in there

because red goes along with the holiday season and was eviscerated for it across the media spectrum. and, look, it is fascinating that we're seeing this sort of thing happen. and i have no problem with jill biden decorating the white house for valentine's day, you know? i'm not really big into criticizing first ladies over the little things. it's the media coverage, obviously, that we have to focus on here. now, after this display, then mr. biden took some -- well, had a conversation with reporters, let's put it this way. let me tell you what was said. one reporter said next time bring us coffee too. another one asked which one is the old one in reference to the president's dogs, another question or at least a statement, i'll bring the doughnuts next time if you come back. the president then proceeds to walk over to what appears to be a reporter and says, take my coffee, instead, which during a pandemic, probably not a good idea to share things you may have been drinking from. this is the marshmallow media because we saw no questions

about the keystone pipeline, about the new york governor in terms of the cover-up around thousands of deaths in nursing homes, and i could go down the line in terms of covid relief, lax border policy. you had a chance to ask the president questions, instead we got a back and forth of cotton candy questions. stuart: i'll give you another example. this is what the so-called professional journalists have descended to. the atlantic, covering the trump administration was thrilling for many journalists in the way that i imagine storming omaha beach must have been for 20-year-olds fresh from the plains of kansas. is that what journalism's become? >> oh, we've gone from the shift of isms, right, stu? from journalism to actism. compare president trump to -- have you ever seen the opening 23 minutes of saving private ryan, and you're going to compare the bloodshed and the horror from that day to covering a president for four years?

i loved the original title, by the way. it wasn't i was the enemy of the people, it originally was i miss the thrill of trump. at least there's some honesty because a lot of these reporters are going to become irrelevant after the impeachment because that's when the big plunges is going to happen. no more invites to kimmel and colbert, making yourself the story won't be a thing because of, for instance, if they're not going to be confrontational, they don't get the clicks like they used to. stuart: let's hope. hey, joe, you're all right. thanks for joining us. we always appreciate it. thank you very much. now this, people are looking for more outdoor activities. look, you've been cooped up with the pandemic all this time. snowmobiling, try that. grady trimble is in twin lakes, wisconsin, where it must be freezing. is that him? yes, it is. all right. you're going to tell me for sure that that business is booming,

aren't ya? >> reporter: it absolutely is, stu. you know, it's not just the people in texas or florida who want to get outside and enjoy the outdoors this time of year. it's also the hearty folks here in the midwest who do as well, and how do you do a -- do that? you do it on a snowmobile. sales are booming, up about 15% compared to last winter. and think about it, you're not just riding sleds like this one, you've got to have all the gear that goes with it from the helmet to the jackets, to the pants and boots. so sales of those items are up as well. i talked to the owner of twin lakes marine. they've got a good business. they sell boats in the summertime, snowmobiles and other outdoor equipment in the winter time. here's what he had to say about the interest in the industry. >> new customers, we have a lot of people getting back into it that haven't done this in, like, 20 years, buying snowmobiles just because they're able to get

out and do it again. and also because they're looking for something to do. >> reporter: and you know what else we have to remember is that as these snowmobilers are riding, they ride for hours at a time. as they do that, they're a passing through small towns all over the state of wisconsin and supporting restaurants and other mom and pop shops in those small towns. so it's not just good for those who sell snowmobiles or apatient, it's good for every town in this state where the trails pass through. so i guess you can do two things in the cold, you can complain about it or you can do what these folks do and embrace it. [laughter] stuart: i guess that is the end of his report, and it was a good one. i tried snowmobiling, i couldn't handle the machine. it was too heavy for me. i didn't do it right. susan: too heavy for you. stuart: well, i was getting old. shall we move on? yes, we'll move on. president biden -- serious stuff

here. president biden's huge covid relief bill -- it's not passed yet, obviously, but that's not stopping him from moving on to his next trillion dollar push. that'll be for infrastructure. we've got some details on that. two hours from now president trump's lawyers make their case. my next guest says it's a huge waste of time. watch out, sports fans, judge jeanine pirro is here after this. ♪ you give me freedom, freedom, freedom i've been looking for. ♪ freedom, freedom. ♪ you give me freedom, freedom, freedom i've been looking for. ♪ ♪

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stuart: all right. one hour in, same story, not that much movement, the dow can, the s&p and the nasdaq. this is, by the way, day four of the impeachment trial. it begins at noon eastern today, and look who's here, judge jeanine pirro. i've told our viewers to watch out, so they're watching out when you come on our show. look, i know you put out a tweet saying this is a big waste of time. but let me counter that for a second. it's not a waste of time for the democrats. they're using it to unify their party and to split the

republicans'. they're not wasting their time. what say you about that? >> well, look, you know, the choir sings to the people in the church. i mean, it's pretty much a given, and the democrats are singing to themselves. look, you have an impeachment to remove a president from office. the fact is the man, you know, president trump is not in office. and this is just a kangaroo court because even the supreme court justice is not sitting on this case as is required. instead they've got patrick leahy, who's a senator, who's going to rip off his robe sitting on the impeachment trial and jump down and be a juror. but the insane part of all of this is the fact that the fbi knew that there was, that there was a suggestion of violence, that violence was coming, and they did nothing about it. and the capitol police did nothing about it. so, i mean, i didn't open on this in my show about three or four weeks ago. the bottom line is everybody knew ahead of time. the riots started before president trump even finished his speech. and let's talk about incitement

to riot, you know? there'd be a different court if that were the case, and it's not the case, and that's why we're doing this impeachment. the dems hate president trump, the former president trump, so much that they can't stand it themselves. and yet they are guilty if you want any kind of a montage of sound of what they said from everything holder saying -- eric holder saying when they go low, we kick 'em, and from maxine waters and on and on. and what about the vice president of the united states bailing out the black lives matter people who burned down buildings and the livelihoods of people as well as 2,000 police officers injured? thirty people died during those protests. now we're going to worry about this? i'm not saying the riot wasn't reprehensible. i was one of the first to say every person should be prosecuted. bottom line is 120 people are being prosecuted. they're the ones who are responsible. this is a country of individual responsibility. and until you show me a

statutory incitement to riot, be quiet. stuart: i think the public is sick and tired of it. except for the hard core trump haters who are lapping up every second of it, the rest of us are turning aside. enough already. enough. you've not made your case, this is a waste of time, i'm -- we're not doing that on this show. we're not -- we're concentrating on the decline in new cases, the decline in deaths, the light at the end of the tunnel for the pandemic, the stock the market rally, issues which affect every single person in this country. impeachment does not. >> yeah. stuart: last word to you, judge. >> well, you know, it's just like the unity claim by joe biden. you know, i want to unify this country while they try to impeach a former president that is so absurd, while they get rid of the keystone pipeline, 11,000 people, bang, lose their jobs right away in the hopes of maybe getting a solar job. you know what this reminds me of? 2008 or '9, the shovel-ready jobs. i've never met anyone who got a

shovel-ready job. [laughter] it's a bunch of hogwash. bring us together. do something with your allegations of, you know, peace and prosperity. get our kids in school. stop worrying about this nonsense. and i'm going to talk about this on my show. stuart: right. and i'm going to the tell our viewers how they can catch your show. i told them to watch out, so watch out, sports fans. judge jeanine, "justice with judge jeanine," saturday night, 9 eastern on fox news. hey, judge, you're all right. thanks very much. >> all right. love you, stuart. stuart: you too. elon musk appeared on the joe rogan podcast again, and he's making a big prediction. he didn't smoke pot this time, apparently, but -- you were going to say that. [laughter] he's making a big prediction about austin, texas. susan: third time he's been on joe rogan's show, and this time he's saying austin is the hottest city in america and a big opportunity for the future. >> it's going to be a biggest

boom america's seen in 50 years. >> yeah, i agree. i think so. >> mega boom. i think we do need to make sure that austin does not, you know, people who move from california don't inadvertently recreate the issues that caused them to move in the first place. >> yeah. susan: remember, both of these are new texas residents, and they fellowed california, joe protaliban as well. so tesla isn't the only one. oracle's moving their headquarters to austin, samsung building a chip factory in the city, apple investing to expand its austin campus. and this is the part you love, and i know you picked up on it, yes, the technology is going to austin, and texas is a great state. but the singular liberal-thinking and hand-holding might not be. stuart: if you go to florida or text these days, they'll -- texas these days, they'll say

straight out right to you, don't bring your politics, don't mess us up. susan superone form of thinking which is the ultra the-liberal way of thinking. can we just bring up the pot smoking once again? the first time, actually, that elon musk went on with joe rogan, this happened. then he went on a second time, this was the third time. but you were a nonbeliever. you said this man has fiduciary responsibility in an s&p-traded company. stuart: i did raise that question. susan: i think he's proven you wrong, hasn't he? stuart: he has. susan superhe also proves there's no such thing as bad press. stuart: any man that can build that kind of company, the drilling, the car, the space company, you can do all of that, you're a genius. a little german. susan: okay, wow. stuart: next case, the white house preparing to move on to the next phase of president biden's agenda. i think it's infrastructure,

right, ash? ashley: you stole my line. infrastructure, stu. you're absolutely right. biden outlining a more than $2 trillion infrastructure plan when he was on the presidential campaign, saying at the time that it would be, quote, the largest mobilization of public investment since world war ii. it reportedly goes beyond the repair of new construction of roads and bridges, it also includes expanding broadband access as well as an ambitious climate agenda. both parties, as we know, have been pushing for this kind of spending on infrastructure. biden met with a bipartisan group of senators at the white house, but already republicans are concerned about the price tag. and, oh, yes, spending on green initiatives such as the hundreds of thousands of electric vehicle charging stations across the country. how are you going to pay for it? why not just borrow some more, right? the cbo says the deficit this fiscal year, $2.3 trillion. they thought it was going to be

$3 trillion. democrats see that as an opportunity, oh, good, we can borrow some more money. stuart: you're right, that's exactly -- they're going to borrow it, another extra couple of trillion dollars on top of what they have to borrow for the $1.9 trillion covid relief -- aaron -- ashley: oh, yeah. stuart: next case, how much of a threat does china pose? president biden, he seems to have gone both ways on this. roll tape. >> china is going to eat our lunch? come on, man. they're going to, if we don't get moving, they're going to eat our lunch. stuart: okay. that's a direct contradiction. former acting director of national intelligence ric grenell, he's going to be the here to respond to that. first, though, start your engines. we're taking you florida ahead of the daytona 500. live report for you coming up. ♪ ♪ baby, you got the keys.

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stuart: i've got to do some driving this weekend, and i believe with oil at $58 a barrel, the price of gas is going to go up. tell me the bad news, ashley. ashley: yeah, you're not going to be happy, stu. just hit a 12-month high. the average retail gas price in the u.s. now, as you can see, $2.50 per gallon. that, by the way, is up 76 cents from april of last year. of it's gone up and up. part of the price hike is related to the recovery from covid-19 as well as rising oil demand around the world and production cuts by opec, blah, blah, blah. analysts say as the pandemic improves, gas prices, guess what? will only continue to rise by another 15-35 cents a gallon by summer plus, let's not forget

this, the shutting down of pipelines like the keystone xl could also force prices to rise at the pump. put it all together and stuart varney is not a happy camper. stuart: and wait til you see the gas tax. you can see it coming, federal increase in the gas tax. but that's just a suggestion of what might be happening. [laughter] ashley, you're all right. the daytona 500, here it comes. matt finn's live at the racetrack. they let fans in the stands this time? how many? >> reporter: stuart, this iconic venue seats 01,000 people -- 101,000, this year it's being limited to just about 30,000, and the people camping infield, they're here by the thousands. they had their temperatures taken, they're being asked to space out. some brought their really cute dogs, and we talked so only some of -- to some of these fans.

>> this is the grill cooking area. >> this campsite, this is our campsite and there's another space, and that's her campsite. >> we've attended a couple times. i have the antibodies, should be good to go. >> lots of guidance. just stay apart, wear your mask when you're up in, you know, the stands and all that good stuff. >> i have personally been tested, a guy that's come from upstate new york, he's been tested. >> we practice social distancing, 6 feet. i mean, you've got to have a good time. i mean, that's what you're here for, and you've just got to be safe. >> it's a really nice get from, actually, the news. offense. [laughter] >> look at this beautiful world we have to live in. we've got to enjoy it. >> reporter: and once fans go inside of the stands, they've got to space out 6 feet and wear their masks. back to you. stuart: we all remember that. thanks very much, mr. finn. members of the senate banking committee, ooh ooh, watch out, asking the sec to look into

pfizer? what's the problem? susan: well, specifically elizabeth warren and two other members want the sec to look into the specific clause that allows corporate executives to sell stocks despite being -- stuart: oh, insider trading. susan: -- sensitive internal information. let's not label it that, but there's new evidence that executives might be abusing these clauses to enrich themselves. one specific case is the pfizer ceo selling more than 60% of his personal stock in this specific clause after it was found that the pfizer vaccine was 90% effective. given that these executives are privy e to what they call materially impactful information, should they have the right to sell stock once they know what's happening with specific inside information. stuart: at the moment they can. susan: they can. stuart: do the social es want to make -- socialists want to make that illegal?

susan: a lot of congressional leaders are allowed to buy and sell stock and trade on information they get in confidential meetings. stuart: which is reality at this moment. that is true. susan: right. stuart: back to the markets, please. we're one hour and 15 minutes we have been open. there's not that much price movement. the tow's up a half point, that's it. the s&p up 6, nasdaq down 7. are there any big movers? susan: i would take a look at the payment companies, square, paypal. we're looking at rallies. because of the rally in bitcoin, we went above clash 48,600 last night, and paypal says they will double the number of active accounts by the number 2025. they currently have 350 million, 750 million in less than four years. stuart: are you saying to some degree paypal and square are a bitcoin play? susan: yeah. they're the early adopters. and also want to throw in jpmorgan because they and the banks are up today. i think there's been some --

with the $1.9 trillion stimulus package, at least there'll be more spending going to banks as well. stuart: thank you, susan. far-left policies do not work in california, where do they work? steve hilton has something to say about that. he joins us from the west coast just ahead. diamonds apparently rebounding and so is buying online. are you willing to buy a diamond without seeing it? the ceo of the world's largest online jewelry company is here. he's going to join us next. ♪ ♪ the world's first fully autonomous vehicle is almost at the finish line what a ride! i invested in invesco qqq a fund that invests in the innovators of the nasdaq-100 like you become an agent of innovation with invesco qqq

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what if i sleep hot? ...or cold? no problem, with temperature balancing you can sleep better together. can it help keep me asleep? absolutely, it intelligently senses your movements and automatically adjusts to keep you both effortlessly comfortable. will it help me keep up with mom? you got this. so you can really promise better sleep? not promise... prove. save up to $800 on new sleep number 360 smart beds, plus, 0% interest for 36 months and free premium delivery when you add a base. ends monday. stuart: all right. at the rusk of sounding like a broken record, i'm going to say it again, not much price movement on the market this morning. left-hand side of your screen, read it. now this. diamond prices, we are told, are at their highest level in a year, up 5% from their low which was reached in march of 2020. look who is here, sean kell, a man aye been dying to meet for a long time. he's the ceo of the largest online jewelry company on the

planet. i've got to tell you, sean, on the rare occasions when i put my hand in my pocket to buy jewelry, i've gone to the store to look at it, to hold it, to feel the thing. how are sales during the pandemic when you're selling online? >> well, stuart, thank you for having me. sales have been good this year during the pandemic. as you have heard from a bunch of industrieses, consumers have been shifting their purchasing and shopping online over the course of this year, and we've definitely seen that at blue nile. stuart: is your business down, during the pandemic, was the business down from when there was no pandemic, like 2019? >> sure. so in march and april, the business -- like most industries, dropped pretty dramatically. we've seen good rebound since then. we actually finished the year up year-over-year, and early in 2021, we're seeing solid gains over 2020 and over 2019. so business is back. people like jewelry.

stuart: hope you don't mind me asking about this, but i am aware of something called laboratory diamonds. they're made in a factory or a lab. they're not dug out of the ground. do you carry them? >> that's right. we do. we have a mine of lab-grown diamonds in a partnership called light box. it's a small part of our business. it's a great offering for folks who are looking for lower price points and particularly if you're looking more pink and blue colored stones. it's a great offering for us. stuart: i don't want to spend too much time on this, but what's the price differential between the genuine diamond dug out of the ground and the lab product? >> so it's a good question, stuart. so lab-grown diamonds price at 50-80% lower than natural diamonds. stuart: um, do the recipient of

these lab diamonds if, do they the ask for proof or what do they ask for? [laughter] if it's a guy that's giving a diamond ring, a lab-grown diamond to the young lady or whomsoever, do they ask to show that it's a real diamond? i mean, do they try to cheat? >> yeah. good question. so we don't sell lab-grown diamonds in engagement rings. we only sell certified natural diamonds. we think that natural diamonds are the truest form of love and brilliance, and so we only sell natural diamonds in engagement rings. we do, though, have a small offering in diamond stud earrings and necklaces and bracelets in lab-grown diamonds, and it's really more of a fashion category, not so much an engagement product. stuart: look, i'm sorry i'm e spending so much time on this, but i'm not done yet. i'm very sorry. do you carry cubic sirh cone

yum? >> yes. do not. we do not. stuart: why not? it's much cheaper than even lab-grown diamonds, isn't it? >> so i'm sure it is. you know we, again, we focus at blue nile on natural diamonds and fine jewelry. we have seen a little built of demand for this new product called lab-grown diamonds, and we thought it would be a good opportunity to test the waters and see what kind of reaction we get from consumers. so far overwhelmingly our customers are choosing natural diamonds. stuart: got it. i'm sorry i spent so much time on all of this, but a real pleasure to have you on the show because that's a fine company. blue nile is a fine company. i've followed grow for years and years and years. i'm not sure i've ever boughting anything on the site, but i've seen it and i like it. we really appreciate it. >> thank you. stuart: another big hour just ahead. we have steve hilton, senator mike braun, rick reknell and

more -- ric grenell. plus, how do you start a revolt? tell americans they can't fly to florida. my take on domestic travel restrictions, top of the next hour. ♪ ♪ ..

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>> expensive earnings growth in the third quarter. >> what they have done at disney plus, getting to 95 million subscribers 14 months after lunch, what is amazing to me as they have done it was just library content. >> i would not be surprised to see nasdaq 17,000 plus. >> these are vertical takeoff and landing aircraft. imagine getting to jfk airport to midtown manhattan in less than ten minutes. >> don't want to select cassandra or the boy who cried wolf but you have to expect 10 or 15% correction in the market.

stuart: since -- is this 90s or 80s? it is 2021. it is 11:00 eastern time and it is friday february 12th the. not much movement for the markets. the dow is down 10, nasdaq up 6, s&p, five points. there is not much going on except individual stocks and we will tell you about disney a little later but first this. here is how you start a revolt. tell americans they can't visit florida. and unnamed white house official said the biden team was considering domestic travel restrictions to stop the virus variant spread.

jen psake said there are always considering new safety steps including domestic travel restrictions. we are used to often on immigration, school reopening and pipeline job losses but when you mess with states that have successfully opened up like florida, you opened the hornets nest. ron desantis responded forcefully. >> any attempt to restrict or lockdown florida by the federal government would be an attack on our state done purely for political purposes. stuart: this threat is all about politics, this threat, the federal government cannot handle the successive republican states that are powering ahead. florida, texas and the rest are showing up, the failures of the lockdowns, the usual suspects. new york, new jersey, illinois, new york's governor cuomo is deep and covid related trouble. i thought it has admitted

covering of the number of deaths in nursing homes and new york city is a wasteland. how many times do we have to show you a deserted times square. in california the petition to recall lockdown governor newsom is at 1.5 million signatures required, covid response landed him in the struggle not to mention the french laundry debacle. it is not science. it is not safety that prompted this threat of the mystic travel restriction. it is political jealousy, political payback. republican governor desantis is showing democrats how to run a state in a pandemic, how to come out that pandemic. instead of threatening the state this administration should be learning from it but they won't. they want to keep us under control. long live the revolt. the third hour of "varney and company" is about to begin.

i wonder if my next guest will echo that thought, here is steve hilton, the man himself. is it just as bad there as it is in florida or new york? >> i totally echo it and expand the word a little bit given the name of my show is the next revolution, long live the revolution against these ridiculous -- witnesses showing up is the democrats these days are not just totally incompetent, you can see that in terms of the performance and results on the pandemic, they have ended up here in california not just with the worst, most punishing lockdowns where you have more small businesses suffer, higher rates of unemployment compared to other states, all of those

consequences, hasn't worked on its own terms because they are just the highest fatalities in terms of the virus, the disasters extended in terms of the vaccinations, california is at the bottom of the league table for vaccinations per head. that is incompetent. the reason they are doing these things, point to the school closures that are more extreme in california. that is because all the money they get from teacher unions, rely on political support giving them favors in return not caring at all about the impact on children. everywhere you look, the democrat will is incompetent and corrupt and now it is being shown up, you've got the comparison with well-run states like florida.

stuart: there is going to be an announcement at 7:00 eastern tonight from the people who got the petition to the recall, 1.5 million signatures got them and they will get more and the petition is a success. that is about to happen. >> they got good news on that front and that is great for everyone in california who wants to see a change, governor newsom's approval rating totally collapsed in the past couple of months. as you would expect in a state wrapped up in democrat redtape a long way to go, you've got to collect the signatures, looks like they have done that. these are the physical signatures, not online. that is why it has been such a tough bar to reach in the pandemic, looks like they have done it, they need to be verified, every single one of

the signatures, the you need more than one.4 will you and whatever it is to qualify for the threshold because many thousands will be thrown out during the verification process. it is expected the verification process will take months, whether the recall will happen until early summer, end of may, june, that is when we know the governor will face a recall. the next hurdle is when they schedule the election. the recall election. i heard some people say democrats in the state want to delay as long as possible even into june to protect gavin newsom because the next scheduled election is next november some of the recall is in june why do we need to recall him? let's wait until november. you will see all sorts of tricks to protect their guy. stuart: long live the revolution.

we will be watching your show which is called the next revolution sunday night at 9 eastern. always a pleasure, see you again soon. there is not much price movements but we have our market guest of the movement, david nicholas with us right now. i read your stuff, you are saying stimulus, more stimulus is not the answer but you know what is coming. we are going to get a chunk in his $1.9 trillion deal and an infrastructure deal, they will check money at this economy. what is the problem? doesn't the market want that? >> this is about math. the deficit will be $2.2 trillion as you talk about

earlier before president biden's $1.9 trillion stimulus proposal. if my math is right, $4.4 trillion in additional deficit spending this year. are you kidding me? i'm all for helping 10 million americans the desperately need help, just we need a lifeline to keep their doors open. 150 million americans still have their job. we are going to borrow from china to get $1,400 to americans that already have a job when savings rates are exceptionally high and debt is being paid down at record levels. this isn't a stimulus, it is stupidity. stuart: we are going to get the stimulus but it is going to happen. does that mean setting up a kind of a debt bomb situation. we will have the accumulated debt, is going to be $30 trillion in no time. do you see a debt bomb coming? >> let's look at history, the only time our debt as a percentage of gdp this high was during world war ii and we did spend on infrastructure. the number of american households paying taxes increased sixfold.

if you are an american, you are naïve. this money isn't free. my concern is on the tax side of the equation. president biden talking about an infrastructure bill which could be an additional 1 to $2 trillion this year, we would have to raise 100% this year just to pay for deficit spending. if a politician wants our children to pay for the record levels of debt we are talking about spending this year, with all due respect they are cowards because we should let our kids and grandkids bear the cost, this is not political, this is math and the math stinks. in my opinion taxes are going up and most americans will feel the burden of this now and for generations to come. stuart: you made your case and made it very well. we appreciate it and see you again soon. another look at the market, not much price movement. however susan is back with big

movers. >> disney got 95 million subscribers at the end of last year so uping their guidance 260 million by the end of 2024 is blowout for disney, it took netflix 9 used to get the 95 million, disney got there in 14 months. look at the price spikes, target price hikes above 200 for disney and trading slightly below that so plenty of upside if you want to buy into the mickey mouse -- stuart: you want to talk about coherence, a little laser treatment the other day, coherence started that did the laser treatment. 14%. >> you heard of it because it was rare but coherence surging, electronic parts maker i i the i am a paying $6.5 million so i would choose it because you

have personal history with this company in recent weeks. let's check in on redit, this will be the story of the week, getting into marijuana, they like the product. they are still losing money and getting back into these cannabis names, dave fortin ohy. >> i see value, underlying value in aurora and the rest of them. that is a potential exploding market. >> especially with more states legalizing marijuana. more use of cbd etc.. stuart: i want to talk about bumble, the youngest woman to take a company public, there is the yellow i have been talking about, color-coordinated. president biden ends the emergency declaration on the

southern border. are we more unsafe today than we were yesterday? it is coming up. house speaker pelosi says a $15 minimum wage will be included in the house stimulus package. what happens once it gets to the senate? will it survive? i will ask senator mike braun after this. ♪♪ at t-mobile, we have a plan built just for customers 55 and up.

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>> a $15 minimum wage. >> very proud of that. and million people will get a raise.

70% of them women. we will be sending that. lauren: stuart: nancy pelosi, it is in, $15 minimum wage at a federal level in the house stimulus bill. come in senator mike braun, always good to see you. what happens when $15 an hour gets to the senate, will it survive? >> when you are supposed to be talking about unity, what is going to be interesting, i come from main street, always prided raising wages in my own business, doing it the old-fashioned way where you do it through the system. actionable he was working across the board pre-abca24 where wages were rising at unbelievable levels in places where they never did before. you do this, 1-size-fits-all, straitjacket across the economy

that doesn't make sense in indiana. what might make sense in new york city and you might get some benefits from raising incomes. you will lose somewhere between 1,000,001 million and a half jobs many of them in the most hard-hit area of restaurants where they have a tipped wage system that generally pays above that new projected minimum wage anyway but will force a bunch of fixed costs on businesses that are already struggling. i am hoping there is flexibility and joe manchin, kirsten cinema, speak up. it will be a thumbs-up or thumbs down unless they would but their own party. stuart: kill it, mister senator please. i do need your input on reopening the schools. to me that is a major issue in the united states at the moment and now we had xavier becerra, the nominee for health and human services, took 51,$000

from the california teachers union. i call that a conflict of interest because the california schools, the teachers refused to reopen most of them. >> it is that kind of relationships within government that i have seen pervasive, not just sightings this. that is why i have been concerned about his nomination not to mention the fact that he has no healthcare experience, has been in the game of politics his entire life, and come from a place like california that dishes up the craziest stuff across the country that they want to federalize so that doesn't make sense. we saw it with chicago teachers unions. i have a daughter that lives up there. i show pose attention to what they contend with, when the experts, said it was safe for

months. that is the kind of stuff we are going to get and we are involved in this impeachment saga and a lot of this is slipping under the radar early out of the date and we have to stand strong against it. i will be a loud voice against olivet including the minimum wage which will hurt main street usa and small businesses populated. stuart: open up the business, no $15 an hour minimum wage, open up the schools, let's get kids back in public schools, that is my opinion. >> places like indiana that of got state government that encourages business, a government that runs with balanced budgets, rainy day funds, we are benefiting from all of that because some of these other states embrace the ideas that have been around the federal government for a long time and now are going to get

bailed out with this behemoth $1.9 trillion package along with all the stuff we are talking about. stuart: why should you guys in indiana have to pay for the foolish policies of new york, jersey, illinois and california? it is not right. mister senator, i am out of time but come back again soon, love to see you on the show. show me bumble. it is $80 a share, went public at 43. the ceo got a new title. >> the youngest self-made female billionaire, she sounded bumble when she was 25, dating apps where women make the first move and she's making that first move as one of the youngest women ever to take a company public, shares up again today after a 64% day one pop. this is a win for

entrepreneurship for females in the city of boston for bumble is headquartered. stuart: didn't know that. stuart: glad we got the picture above misheard in her yellow outfit, almost color-coordinated with lauren but i did not know. i didn't know she was headquartered in austin. austin is very much in the news these days. elon musk, boomtown, usa, good stuff, thank you much, show me expedia please. have they been able to bounce back from the lack of travel during the pandemic? ashley: let me see, no, in a word. the travel business is a tough place to be, we know that especially when you are an online travel agency. in its latest earnings report expedia gave you signs, very few signs of abutting recovery

reporting bigger loss than expected, revenue that came in short down 67% compared to the previous year. ceo peter curran said basically rolling covid shutdowns in various travel markets is creating as he calls it an unpredictable environment. however, the stock is up 12% for the year. still hanging tough. stuart: thank you. there is more, don't rush to the beach just yet. spirit airlines, training new pilots, training attendance, seems like a positive sign for the return of travel. what say you? ashley: they will be doing this as early as next month, spirit says it will train new pilots, flight attendants, what they say is anticipation of a travel rebound after the pandemic. it may sound optimistic, how many employees it plans to add

this year but the airline does believe it will be back to 2019 capacity levels by only summer. meantime a third round of financial support for the airlines has been approved by our house committee that will provide $14 billion to the industry. the current support runs on april 1st and i sort of thousands of furloughs on the latest round 27,000, the latest round financial help is part of a bigger relief package working its way through congress. wants to add this if i can, showing united airlines, supposed to return to jfk after a 5-year break beginning a news service from jfk to la and san francisco, february 1st, got pushed to february 28th, now they announced it will be pushed back again to march 20th. don't think there's a lot of demand so that is not a good sign. stuart: stock is up because they are getting more money from the government as opposed

to pushing back the return to cross country travel. thank you very much. let's talk about the city of miami. could soon pay their workers in bit coin. remember when then candidate biden said this about the china threat. roll tape. >> china is going to eat our lunch, come on, man. stuart: now he has completely changed his tune. he has done a 180 on eating our lunch. rick grew now has some comments and joins us next. ♪♪

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stuart: president biden getting tough on china after downplaying the china threat in 2019. remember this? >> china is going to eat our lunch? come on, man.

stuart: the same expression, come on, man, they are going to eat our lunch, former acting national intelligence director rick grunell, is china going to eat our lunch with president biden in the white house? >> let's hope not. let's hope he's had a total change of heart at least in his messaging lately. that is largely because they are reading the current intelligence and seeing exactly what has happened over the last couple years where many democrats have been typing this russian narrative, that is exactly what the chinese want, the beijing line to say look at russia while they have been leveraging our local politicians using the covid 19 crisis, pandemic to really push forward their agenda, people like jake sullivan and joe biden and kamala harris who is

now getting foreign-policy tutoring from the secretary of state they've seen the evidence and that they have to catch up china compared to what they have been saying the last several years. when you can't catch up with china unless you institute some of the hard-line policies from donald trump's era. >> i totally agree. it will take more than messaging. we see jake sullivan's comments of the past, different from jake sullivan's comments once he started getting intelligence briefings. they see what is happening now. they didn't see what was happening before and so you are exactly right. it will be difficult to play catch up especially because joe biden is going to be trapped by the people within his party, people he has hired who want to engage china and missed the boat and i put bill burns, the

cia director, i in the very beginning thought this is somebody as an outsider who has been a consumer of intelligence, the perfect person but the recent revelation we have seen about his last 6 years at the carnegie endowment is a troubling sign. i switched my opinion after seeing this new news. i have a piece later today which really highlights part of this china problem for the biden administration. stuart: it is not going away. it does seem they are winning at this point economically, diplomatically, pushing hard militarily and crushed hong kong and threatened taiwan because we share an opinion on this. president biden into the national emergency declaration on the southern border announcing 20,000 asylum-seekers now waiting in mexico will be allowed into the

united states starting february 19th. you were the security guy for america. what does this mean for our national security now? >> this is another example where the biden administration is trying to please the base with some words that their actions are quite different. they have not moved the troops on the border and there's an admission in that that the troops are keeping us secure and making sure we don't have a rush on the border. border official talking about the dramatic increase in the last 10 days of border asylum seekers. this is an issue where donald trump doesn't get enough credit because what he did to stop border crossings was something

the mexicans were very pleased with. the mexican government was very pleased with how we responded. they didn't want all of this chaos on their border and certainly didn't want it on their southern border. what we have to be able to do is recognize that the trump policy on the border works and the biden administration tried to roll that back, dangerous situation that will get worse. stuart: we will leave it at that. rick grunell, thanks for joining us. can you show me the price of bit coin, 38,$170, up one.5% is the mayor of miami may pay city workers with bit coin. >> francis warren is wants to blaze the trail, think of paying your taxes or city fees in bit coin? is that innovative? i think so. crypto currency instead of cash or if you are a city employee or salary will come in bit coin, that is what francis warren is is looking at.

>> the city of miami supports efforts to make a bit coin an acceptable currency to potentially invest in the future. it is wonderful to be a very crypto forward city of miami and i think my commission colleagues for allowing that to happen. >> andrew yang running for new york mayor adding bit going to his campaign platform tweeting as mayor of nyc, the financial capital, rather than making it another btc which is bit coin and other crypto currency. stuart: show me how it works in miami. i want to pay my taxes in bit coin, i give them a little bit coin and the next day it is worth 45,$000. it is a loss. >> like currency it fluctuates up and down in value. the algorithms that calculate this but you can see on paypal, don't understand how this is so confusing to you. stuart: let me spell it out. i/o the city of miami 48,$000 in taxes. i give them bit coin.

the next day that bit coin is worth 45,$000. the city is out $3,000. what are they doing accepting bit coin which can go down? >> us dollars also fluctuate. stuart: not like that. they don't double or value or drop by 50% in value. they don't do that. >> so volatile, do you want -- could go down 80%. or go up 90%. stuart: anything could happen. music streaming service, work from anywhere. i am so incensed that this bit coin nonsense. not saying bit coin is nonsense, but paying workers in -- paying taxes in bit coin makes no sense whatsoever. you can work from anywhere. if i worked for spotify can i

go to the bahamas and work from there? >> yes, you can. i don't know they will okay -- i'm going with you can. after the pandemic you have a choice, you can work anywhere full-time from your home wherever that is, full-time, go into the office full-time, or do i would kind of schedule, they will assist you with your decision. i know a lot of companies are moving in this direction but let's just say i want to stay home full time. they report to an office or so it seems so you're missing out on the key baseline, i would think this is advantageous or say you take the hybrid schedule and that makes sense. i'm coming in tuesday, wednesday, thursday at these times are can you move it around.

>> you can be forgotten if working out of the bahamas for a few months. what do you know? >> no one will see your suntan. or you are very relaxed. stuart: that is the way it works. it is an interesting trend story that is here to stay. it is here and it is not going away. >> nobody, nobody. stuart: this isn't a sometime, i rely on makeup. what have we got on the show, give it a shot, national drugstore chains are offering the vaccine. we will take you to a walgreens in chicago. a huge day in new york city, restaurants can finally reopen for indoor dining but only at 25% capacity. can you make a living on that? we will be back.

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stuart: a mixed bag of stocks on screen, vs, walmart, get the tab at those three chains. does uber tie into this? >> i'm in the brownsville neighborhood, what uber is involved in his getting the vaccine out. neighborhoods of color, people of color, disadvantaged neighborhoods have come up short on this. the associated press has been doing an analysis of who is getting the vaccine. north carolina which mirrors

the us in that state, the african-american population is 22%, 11% of blacks have been vaccinated. white population 68%, 82% of the white population has been vaccinated. uber is offering 10 million free rides to people who don't otherwise have a way to get to a walgreens or cvs or walmart so they can get the shot they otherwise wouldn't get. the chicago urban league is participating in this. >> we want to see the vaccine get into the black community, black patients, black people. more importantly, we understand the devastation that the pandemic has caused in our communities.

>> reporter: disadvantaged community, folks that were hardest hit by this. hopefully with the help of uber and walgreens start to turn that around. >> with good to new york city, restaurants can partially reopen today. and and runs applebee's restaurant and joins us right now. how many of your restaurants have you closed permanently. >> five so far but the portfolio was still shuttering, the big restaurant in new york city where you broadcast from, they never open. they have been closed since march and 30% of our portfolio advised them, they never reopen.

stuart: five closed permanently, half of them have not reopened at all. now you can open at 25% capacity. can you make a living on it? >> of course not. 25% capacity, 75% cost of revenue. the governor and the mayors are big on this about how people follow the science and contradict themselves by going out to eat. let's follow the science, one.4% transmissibility rate in restaurants, 78% transmissibility rate at home. we are driving everybody to the 78% by keeping restaurants closed. does that make sense? stuart: it does not make sense was the whole of new york city makes no sense at this particular moment in time. do you think you can come back? i know you closed some

permanently but the ones you have still got in place, can they come back to anything like where they were a year ago? >> really good question and one i wrestle with every morning when i wake up. the question, new york city brings people back from manhattan again. the american people, new york city has shown incredible resilience so we are not giving them up, just -- we don't have any staff there but we are paying all the taxes for those sites, maintenance and folks in new york will come back. i can tell you in brooklyn, queens, bronx, where we now have 23 restaurants open they definitely will come back. people are eating out in 20 below 0.

the truth, what we serve is not just food. we are the social fabric of the city. where you communicate, where you celebrate. we when you've got to come back. we appreciate you being on the show today. i wish you the best of luck because we really want to see you come back and win. >> appreciate it. stuart: friday feedback is next. ♪♪ i won't go breaking no heart ♪♪

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i need one more. i don't know. susan? stuart: what is yours? >> finger trade. stuart: by low, sell high. islla,rnmogsinlw aay tht vaey andey a co anmpi y,wouli lo tloo se t t hi be gbestbeoson dyopdy ydo tnk t t pul tthulat th f? >> es yut bou yould youe youa tt cteanstoneordi evbee.lievliev yo kno wled i pr i ty broty b st rt: emoror or or orsu hasatohailtointoy intoy se ensents.secent jared dean says you keep ep lling californliiahe forme fyy goldenldtald.ld the talif torifa refua ree i ca i th fos gold sta s. it is a state run by fools who are elected by fools. that is a little bit strong.

i wouldn't go that far but i wouldn't call anybody. i believe it is the formerly golden state and i think it is sinking fast. bill chapman says this. watching -- i don't like this at all. watching you initially together is like watching a bad monty python skit. it to you, ashley. ashley: a bad skit? we do talk a lot about spam and the famous sketch where they sell every item on the menu comes with canned spam. may be the is right. stuart: john glenn, who has more social media followers out of all of you? i don't have any social media presence, do i? >> the show does. it tweets on your behalf. anyone how many followers? >> 600,000 last time i checked. stuart: 600,000, all right. how about you guys? what have you got? ashley: it is commensurate with age. the older you get the less you

have. stuart: we got to leave it right there. we are flat out of time. 15 seconds to close out before the commercial. you must not run over into commercial time because we are going to make some money. that is your time, we will be back next week with another friday feedback i think we call it. we will be back after this. ♪♪ but not for your clients. that's why we're a fiduciary, obligated to put clients first. (money manager) so, what do you provide? cookie cutter portfolios? (judith) nope, we tailor portfolios to our client's needs. (money manager) but you do sell investments that earn you high commissions, right? (judith) we don't have those. (money manager) so what's in it for you? (judith) our fees are structured so we do better when our clients do better. at fisher investments we're clearly different. 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.

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lead horse here. you have governors like cuomo who are out there doing -- just keeping everybody informed all day. i think he's doing an incredible job. new york governor andrew cuomo's briefings -- stuart: governor cuomo is the subject of a rather nasty investigation about nursing home deaths, and he's meeting right now in the oval office with president biden. going to get some news out of that. neil cavuto, sir, it is yours. neil: all right, stuart, have a great weekend, my friend. we'll see if anything comes out of that meeting. again, a lot of it is on the rescue plan, stimulus plan, a lot of doubt as to what the final makeup of that will be. they got some good news out of the house, at least for progressives, the requirement that this package includes that $15 minimum wage hike. that might make it problematic in the senate, might lose actually a couple of democratic votes as welcome also a push to make sure it includes loan forgiveness, up to