at its meeting next month. i went to think the panel, thank you, john and brian. a lot of interesting insight, opinion and also great lively dialogue so great to be with you gentlemen. that's going to do it for us this morning. "varney & co." is up next. stuart, it's yours, as you say. stuart: i will take it. thank you. good morning, everyone. it's presidents' day, that's a federal holiday of markets are closed but we are live in open for business. we are on the air, unlike some. start with this. new cases down 39%, 63850 reported sunday. remember, it was double that just five weeks ago about the serious downtrend. so is this, death the downey-- 18%, 1080 reported yesterday.

it was 4000 and eight in early january. the markets are closed, but there is action in the futures so we can get some idea of how stocks will trade if wall street were at work. it's a rally, the progress against the virus, maybe that's a factor and so is the end of the impeachment trial plus the excellent profits reports recently dow jones will be up about a hundred 50 if the market were open today. strong gains on the nasdaq and smooth modest gain on the s&p if the markets were open. bitcoin trades almost constantly. bitcoin got real close to the $50000 level over the weekend. right now it's up 48, 300. elon musk has been talking about dogecoin again. we have the story. here's something else, sad story. in philadelphia, and mass vaccination center, which had been giving

7000 people shots a day has been shot down totally took its a sad story about the politics of race, profits and privacy and then there's the weather, snow, ice, freezing rain, power outages and that's just texas. "varney & co." is about to begin. ♪♪ stuart: i was trying to show some of texas , but what i'm actually showing as new york city, empire state building in. there you go, left-hand side of your screen, dallas texas and right-hand side oklahoma city, very cold in both cases with half the country under winter weather advisories. we will get a full report from meteorologist janice again later this hour to

give you an idea of how cold this is. this is from our merlot, texas, amarillo, texas, boiling water, you throw it in the air and what you get, snow. kind of a science experience right there on a monday morning. more on the weather throughout the show. here's a place where it's not winter, florida. governor desantis says his free economy is the reason his status driving. watch this. >> you have lockdown states that are putting people out of business. we focus on lifting people up, but by doing that you actually have new ventures, new restaurants are putting in florida, new hotels are opening in florida so people view florida as a place to follow their dreams. it's a free state. stuart: yes, they do. that's florida and we will bring you up to speed on two other very different states.

in california, they have received one and a half million signatures to recall governor gavin newsom and in new york governor cuomo is in deep trouble over the thousands of nursing home deaths. update on those stories, guaranteed. bitcoin got really really close to back $50000 of the weekend and there is this, morgan stanley may now get into it. susan: we were just $100 shy of 50000, 49005-- 49900 of the weekend and morgan stanley is possibly looking at buying bitcoin, not 100% confirmed according to bloomberg reporting, but morgan has a hundred $50 billion to spend, that's a wall of money that could buy more bitcoin and you can imagine the price would go up if that money goes after bitcoin took up five hunters-- 500%, by the way and it's pretty hard to ignore this explosive surge in bitcoin, but experts say this time it's different. this time it's different

because it's less volatile and there's more institutions buying anymore adoption with mastercard. stuart: there is more adoption. is it different this time, i don't know. elon musk, here's a guy who has real influence, i mean, he tweaked something and things happens. susan: single-handedly also would you say bit up bitcoin last week we want he did. susan: one and a half billion dollars. for dogecoin he said the biggest owners should sell tweeting if the major dogecoin holders sell most of their coins it will get my full support, too much concentration he says is the issue. he followed that up this morning tweeting he will lose-- literally pay actual dollars if they just avoid their accounts, the largest dogecoin.

kind of sound like bernie sanders there, don't you think, sharing the wealth and may be too much wealth is concentrated into view hands. stuart: silly did have an impact i mean, when he speaks about maybe the big guys should sell it really has an impact. susan: he always has an impact and he's the one that actually drove dogecoin up to 8 cents. remember this started out as a joke a few years ago. stuart: hard to take it seriously, started as a joke by a couple of software engineers. susan: yes. stuart: it could be a different marketplace when guys like elon musk have a real influence. susan: and i think reddit, social media has changed the landscape. that drives up the value. stuart: with did you say, producer? i mean, christie makes a

good point. in elon musk or to tweet about bitcoin, i mean, he would push it over 50000 if he made another tweet in reference to its. susan: he actually put money to it last a week and then drove it up about $5000 according and he has done the tweeting before listing bitcoin with one single tweet in the past. stuart: if he just said cell dogecoin and by bitcoin, which he did not say i think we would see bitcoin 50 grand. on speculating. a moment ago we put futures on the screen. this is how the market would open if wall street were open and look was here, keith fitz-gerald. welcome to the show. i want your comment on people using some of their stock profits to buy a house you know asset reallocation of your guy think there's been a lot of it. i've done it myself. are you here to say we are doing the wrong

thing? >> no, not at all i mean investing is great and you have to look at the different assets. i've done it myself using profits from part of my investing to pay for some of my first home so i think it's a great idea if you can do it. stuart: so what's wrong with it? i have been reading your stuff and you sent an opinion before you come on the show saying some people may have buyers remorse. what's that about? >> that's a different issue. what i'm hearing from people around the country's many people who fled the cities because of taxation, because of unfair business practices and those things, and they are buying homes. i've heard from friends who have neighbors from you know where that they don't care to live next to a knifing one or or two things will happen. i think we will see relaxation in rural markets, but at the same time i think we see home repair costs and repair projects, rock and i'm trying to identify which stocks will benefit

because they have to fix these things before they can sell them again. stuart: the home depots of this this world have had a good run. i don't see that slowing down, but what about big tent? we've been talking about this for five or six years. you still buying big tech? >> absolutely. it's like asking if i want pancakes for breakfast. the answer is, are you kidding me. stuart: at this level? >> let me-- stuart: i mean, microsoft is almost at an all-time high, $245 a share, google rallying last week and now it's $2100, i mean, those are lofty levels. would you buy more at those levels? >> i am buying more at these levels, stuart. people have always said that. they said that about apple five splits ago, google at $100 a share, they said that about any tech company, the

markets are always reaching new highs. the only question is what timeframe. coppell will be three to $400 billion within the next couple of years, more than the global iphone market. microsoft is not about the call by people think, it's about bringing people together i'm interested in natural actual software applications more than the big data. palantir, interested because the only adventure-- competition they have-- i'm looking forward and i think these companies are undervalued five to 10 years out. stuart: can you tell me one spac that you would buy? >> not at the present time. i think spac are getting dangerous because what people don't understand is when you do an ipo, you cannot make forward-looking statements and when you do a spac it's technically a merger with means people putting them together can say whatever they want including making up the fact that they might be profitable so right now i'm looking at spac,

but there's not one i would put my hands on today. stuart: thank you for being with us. we will see you soon. one more time, left-hand side of your screen is a futures action with the markets actually closed it today. a massive vaccination side of philadelphia abruptly shut down over the politics of race, privacy and profits. we will explain the story and we will have dr. marc siegel, it on in the moment. purse, looks like marches starting under extra hours at the happiest place on earth. you know where we are talking about it we will back with details after this. ♪♪

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stuart: if the market were open today, which is is not, but we would have stock price gains up about 140 on the dow jones industrials. next, disney world extending hours. this is in the first week of march, with more extensive hours. lauren, that's a pretty good sign. lauren: just in time for spring break. there are four orlando theme parks who will reportedly open an hour longer starting the first week of march, so they will either open earlier or close later giving park goers at some-- it's just an hour, but some extra time. disney theme parks said even if we are allowed to open every park for the rest of the year coming you will still have to wear a mask and socially distance because that's the world

we live in. stuart: okay. lauren: good news for orlando, not everywhere else. stuart: one hour doesn't make that much difference. virus and that, as we reported still falling. there are new worries about new variants. dr. marc siegel with us. is this just another scare, doctor? >> it is something we are keeping a close eye on, but it's also being dramatized. i spoke to the head of the fda last week and the head of the nih and they both said the variants are something they are watching carefully and developing new tests it to track them to make sure they are covered. genetic testing, we are doing a lot of it in the us, but it's increasing and here's what's reaction-- reassuring, doctor woodcock said for sure the current vaccine covers the variants. there is one emerging in the southwest that has a

mutation that may be more transmissible, but the vaccines cover it and with the numbers dropping, that still the biggest story, that we have numbers and cases under 70000, about 70000 a day right now which is the lowest we have had since november and for doctors like me what is most exciting is a hospitalization caps on from 130,000 down to under 70000. that frees up icu two takes care of other problems. stuart: here is one more. vaccination sites, a big one in philadelphia delivered shots to almost 7000 people in five days, remarkable performance, but shut them down, they are closed after reports the guy running that they had taken home some vaccines and vaccinated his friends and there's an investigation going on as to why there were fewer black people vaccinated. i hate to see this and it looks like politics is getting in the way of vaccinating people.

what say you? >> i agree with you. this is silly fighting covid and they got 7000 people vaccinated in five days and as far as taking vaccines home, i just want vaccines in people's arms and i think we have been wait to stringent on the guidelines in its lead to vaccines being thrown out which is terrible. we have to hit the underserved communities and that's a big big issue, but i actually think the biggest problem here was these were young people coming out of college, just what we like to see, but they didn't always have qualified people doing the vaccinations. for me was the key thing. you had to get nurses and people with experience doing the vaccines, but i like what they were trying to do when they got 7000 people vaccinated. stuart: the young man that started it, 22 years old computer scientists fresh out of college any like to see people like that doing their best to get ahead of this thing, but you need to see them shut down for

political reasons and that's where i'm coming from. thank you for being with us. >> completely agree. stuart: thank you. on friday, the cdc released their recommendations to open-- reopen schools safely, repeat, safely. lauren, anything new in the recordation's? lauren: almost nothing. the federal government through the cdc now confirming what many of us have known for months , that masks and social distancing, not vaccines are not students to go back to school in person safely. listen. >> even in the areas of the highest community spread, we are advocating with strict mitigation measures you described including universal and mandatory mask as well as 600 disc-- 60 distancing at least kate 25 children can get back to school at least in the highbred mode. lauren: she added vaccinations are considered an additional layer of protection.

they are not mandated and we have been in this for 11 months in many schools have enclosed. the ones that stayed open, that's what shows us look, school reopening does not contribute to the spread of covid-19. sound unions disagree. they not only what vaccinations, but new ventilation systems. stuart: you have young children. lauren: i do. stuart: i don't think you will see children in the us back to full-time in classroom learning this academic year. i don't think will happen until at least the end of the year. what you say? lauren: i'm going to mid next year. i think the highbred system could start to go in the middle of next year i think it will be a couple more months, i mean, my kids are in private school so they go fortunately, but the public schools yeah, not-- and parents are getting frustrated.

i know some parents that kept their kids home and are now starting to put them back because they are pulling their hair out. stuart: let's talk about going back to the office because i read in the "wall street journal" this morning some numbers that's addressed in the big cities, at least, people are not going back to the office. we are showing you live now sixth avenue, the very center of the office buildings of new york city and its empty. what you have on this going back to work to the office? lauren: downtowns are ghost towns is the moral of the story. vaccinations are rolling out and we have seen almost 40 million people vaccinated, but if you look at the number of people back in the offices, it's basically the same as it was before the vaccine, so companies are scared they can't guarantee you won't get sick and workers are saying we have to deal with school and childcare. stuart: no liability protection. that's what you are hinting out, i mean, if an employer brings you back to work and one of

those employees gets the vaccine-- i'm sorry, gets the virus they consume, no protection at this point for the company. lauren: and all those businesses around the offices struggle. stuart: absolutely, restaurants, bars they struggle because they are back to work. moving on to this, britain, the uk is now quarantining visitors from so-called hotspots for 10 days. you go there from a hotspot and you have to go to a hotel for 10 days and quarantine. why would anyone go to britain right now? checking futures, please we are on the upside, market veteran dennis gartman will fly a few signal flags for us, next. ♪♪

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stuart: left-hand side of your screen, futures which are active even though today's market is closed.

on the upside. look who is here, dennis gartman. dennis, i noticed long-term interest rates are going up. i have not seen that for a long time. spell it out for us, please. what is it mean for ordinary people quit first of all you have not seen rising interest rates on a consistent basis for almost 30 years. the long bond which is about a 2% yield was working at a quarter precent the 1980s and rates have been falling since the early 1980s consistently and now, for a pass the year rates have begun to move higher and rates at the shorting have moved nowhere and rates at the short and won't move anywhere for the next year or two, but at the long and inflationary pressure is starting to have a force on the long yields sending interest rates higher. take a look at livestock prices, but 50 or 60%.

look at copper, crude oil, trucking rates, aluminum, take a look at tuition prices, medical prices, inflation is becoming, i think, a more serious problem and that's affecting the long into so the long end is up 2% yield and i think they go to max three or 4% over the next couple of years and that will have an impact on bond prices because as a rates go up bond prices go down and eventually it will affect stock prices but right now the driving force of inflation is the fed's monetary policy and that's the driving force in the stock market. said his force feeding reserve into the system and it's making its way into the stock prices. stocks are going up in a bonds going down. stuart: long-term interest rates that most people pay attention to his mortgages and at the moment i can get a 30 year fixed rate mortgage for about two and three quarters a percentage i'm a very low but you think it's going up rapidly, sharply on a mac are not sure going up rapidly. i think it's going up and if you can get it to

him three quarters% interest mortgage rate get it. i think a year from now mortgage rates will go about the same percentage increase so the two and a three quarters a year from now will be three and three quarters or higher so if you can get that, go do it as fast as you can. i doubt you see more than 10 or 15 basis points lower and i think you will see it hired a year from now as inflation runs through the system and force as long treasury yield higher over the course of three, five or perhaps longer. they tend to move in 20 and 30 year periods. we may be on a period of 20 or 30 years where rates will go higher. for the next year or two they will go up and it will be measurable.

stuart: dennis, thank you for joining's. normally at 9:30 a.m. eastern we would watch the bell, but we appreciate you being here. thank you. >> always another. stuart: don't get carried away, dennis. its presidents day. thank you. markets are closed but we have a big week ahead -- markets are closed today, i should say but a big week ahead for earnings. lauren, tell me some of the big names coming up this week. lauren: i'm laughing because of what you said to dennis gartman that he was only on because heat was a holiday. that's how it sounded to me. stuart: i'm sorry it came across like that. my apologies to dennis. lauren: walmart reports thursday and i consider this the headliner. this is the pulse of the consumer people are making consolidated shopping trips and walmart benefits as they sell everything.

also ordering more online and walmart is delivering and people are spending stimulus checks so profits architected to grow almost 9% showing they are getting a handle on spending. sales are expected to top $148 billion. also, palantir on tuesday their second report card as a public company. big data firm, they will be profitable, to cents a share is expected with revenue to hit $300 million as more companies use their services to track supply chains. finally, roku, they are still in growth mode and a loss is expected that revenue will grow. advertisers are coming back spending money on streaming and also roku in the middle of a big international expansion and that's a pretty chart. stuart: we should say the price quoted left-hand side of the screen today is closing prices from last friday, not premarket current prices-- at least i

think that's what they are. another big story we are watching, became stop hearings. they start thursday. i know you will disagree with me. susan: always. [laughter] stuart: i think we will see it purple walk, i swear to tell the truth. susan: it's a virtual, first of all. you know we expect to hear from billionaire hedge fund titan said adel founder, along with robinhood ceo and reddit cofounder steve huffman and also a reddit user that inspired the gamestop rally username roaring kitty. key will be in attendance at additional witnesses will be called but there are lots of questions over robinhood's decision to limit trades on

gamestop. said adel pays robinhood, did they force robinhood to maybe limit trades. what about the social media collusion of reddit traders, is it legal to have a group of investors combined together to my guess killed the short or kill some sort of trade? stuart: i find it hard to find a legal problem with that, i mean, why shouldn't you get together with other investors? susan: amen. i agree. stuart: what's legally wrong with that? susan: i mean, colluding and trade, sometimes people see that is illegal when you get together to kill out one specific one, i mean, cartels do that in oil and people that colluding pricing, that's considered illegal. stuart: it will be an interesting hearing. susan: i agree. stuart: new factor in the market. susan: and whether or not there should be regulation involved

and oversight. stuart: who knows. let's see this one, turn to the electric car market. ceo of volkswagen said he's not afraid of an apple car. really? what you make of that? susan: confident words coming from volkswagen. ceo said the car industry is not a typical tech market to take over at a single stroke and apple will not manage that overnight. reports a apple is looking for maybe a carmaker to pair up with to build an applecart. most apple analysts believe an applecart will become at some point. morgan stanley predicts volkswagen will be the biggest electric carmaker in the future, but they say if apple gets in and if they only get 3% of the car market is already equipped with a say in sales to apple's 30% control of the $500 billion smartphone market so

there is a lot to play for an morgan stanley says this replacement cycle going from gas to electric is 25 trillion-dollar opportunity so there's a lot of opportunity for everyone to get in. stuart: talk to me about tesla because i know they produce cars in china, in the us and i know they are building in europe. i'm hearing whispers they may open someplace else? susan: looks like it's a big deal and tesla may open in southern india. stuart: southern india. susan: we know india is the world's second most populous country after china opening of a billion person market. according to reports they have been negotiating for six months now and elon musk all but confirmed at that last month in a tweet. electric cars in china about market is five times bigger than in the hat this point so there's a big growth opportunity for india to catch up especially if a

billion people are willing to spend about $30 for a tesla car. stuart: i am lost in all of this. wait a minute, jaguar, can't think of a major car company that does not announce plans to go electric, except for jaguar and jaguar is getting increased to we should differentiate because i would say all cars have an electric car strategy meaning they are building electric car models. i would not say all cars are going all electric. stuart: what i mean is all major car companies have announced plans to go electric in the future. susan: all electric or just offering electric models? stuart: offering electric models. susan: that's what i mean, a differentiation, but jaguar, i mean, that's a big announcement that they are going all electric few carmakers have decided to do that. they will invest

millions to go all electric. the land rover will be the first to go fully electric. jaguar owners the range rover, those are expensive high-priced tag and best selling cars and then the year after that they go all electric 2025. we know gm is one of the other car brands that say they are going all electric by 2035. susan: they own jaguar. stuart: and land rover? susan: i think the land rover and range rover under the jaguar brand speed when you got it. we have a programming note. tune into foxbusiness tomorrow, 4:00 p.m. for p.m. eastern for the debut of larry kudlow as he interviews former secretaries-- former treasury secretary steven mnuchin. i will join larry for his debut. that's 4:00 p.m. tomorrow afternoon. we have bringing stories about archer aviation.

they are the guys with the electric plane. i will talk to the cofounder, adam goldstein in the show-- on the show at that 11:00 o'clock hour and i wouldn't know which airport will see the flight of the electric airplane first. 2 million people without power in texas. falling temperatures led to a surge in electricity use and they are now rationing power. janice dean has updates after this. ♪♪ [announcer] durán catches leonard with a big left. ♪♪

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looking at a freezing cold that dallas. let's look at janice dean who joins us. this cold weather and text was an oklahoma, will it sweep through the rest of the country? janice: there are very few states that don't have a winter weather advisory in place including texas, louisiana, mississippi, alabama and these temperatures have not felt this amount of colder these types of temperatures in at least three decades for parts of texas, so dallas that's the current temperature board agrees with the wind chill in the minus teens, minus 21 in fargo, minus nine in kansas city. this cold air has sunk as part south as the gulf coast with wind chill warnings in effect in the south texas with advisories into louisiana along the gulf coast, so that's really impressive that this arctic air has gone that far south. essentially, there were

snow advisories for texas and even reports of thunder snow so really impressive system. it's a bringing not only snow but ice, that's the dangerous part. obviously the places that are not used it to the cold air and snow and ice. unfortunately, we will get more of that as we get into the latter part of the week with a storm track conducive for bringing these storms from the pacific down into the southern plains and up towards the northeast. not only today and it tuesday, but thursday and friday and actually thursday and friday is going to be more dangerous for folks along the i-95 with icing, so here's your winter weather advisories stretching from texas to new england in the dangerous part of the storm will be the ice across the mississippi, tennessee, ohio valley into the northeast. that will be the real danger is the ice. stuart: we asked and you give it to us, thank you.

big hotels, hilton, marriott reporting their earnings this week. jeff sica joins us and he happens to own a three hotels. jeff, i need a progress report on your hotels. are you seeing any pick up in business as the number of cases falls in the death rates fall? >> well, yeah. yes, it's been a very interesting time to be in the hotel business. i think with earnings coming up and what we see in our individual hotels is we have had-- it's been a struggle to generate revenue. you have the business traveler who's about 25% of hotel guests and business travel has come to a complete screeching halt. now what we are beginning to see, which gives me optimism that we are getting to a point that things are going to improve drastically, what we are beginning to see his bookings.

you have individuals and corporations beginning to book future events and that's what counts the most because what i see and we had a tremendous valentine's day at the embassy hotel. we were completely sold out, the restaurant was sold out and we had a very very good weekend, which it shows people-- number one they are tired of being stuck in their houses. they are tired of the isolation. they desperately need to connect with other people. number two, businesses are realizing that they have to connect in order to conduct certain types of business, so we are seeing bookings in the future. we are seeing people that just want to escape for the weekend, just get off their couches and liberate themselves by going somewhere different. there is really a sign that despite the past,

the future looks very-- very bright hotel industry. stuart: did you get the money from the government to keep your three hotels going? >> we participated in the ppp program, which was very helpful, both rounds very very helpful to keep employees on. that's probably the most -- one of the most difficult things the hotel industry has had to deal with is the fact that we employ a massive number of people that had to be laid off. the government came through for us with ppp loans. that's helped us, so yes we have utilized to that. stuart: we wish you well. thank you for being on the show and we are watching those hotel earnings later this week. jeff sica, thank you. calls are growing to hold new york governor andrew kolmar countable after his top aide admitted to downplaying the number of nursing from death. new york congressman once the department of justice involved at the

federal level, that is and she joins me in the 11:00 o'clock hour. governor cuomo is in trouble. on your screen the republican senators that voted it to convict former president trump and they are facing backlash back home. sounds like the gop is still split. more "varney & co." after this. ♪♪ ♪ i've got the brains,♪ ♪ you've got the looks ♪ ♪ let's make lots of money ♪ ♪ you've got the brawn ♪ ♪ i've got the brains ♪ ♪ let's make lots of... ♪ ♪ uh uh uh ♪ ♪ oohhh ♪ ♪ there's a lot of opportunities ♪ with allstate drivers who switched saved over $700 saving is easy when you're in good hands. allstate. click or call to switch today.

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stuart: lockdowns especially in the big cities have been hurting businesses across the country. lockdowns especially have a negative impact on minority owned businesses. look who's here, shelly bell the ceo and founder of black girl vengeance. welcome to the programs are good to see you and i'm going to put it to you, lockdowns really hurt minority owned businesses, black-owned businesses especially in big cities. are you pushing hard to reopen and get on with it? >> yeah, thank you for having me. it now, i'm actually-- i'm not thinking about it in the sense of reopen art or not reopen

we are thinking about safety and it's the first time in a while we have has business and medicine interact. i think it raises another issue like we should be thinking about small business owners. this is a career for us. we are sort of the workforce as well. stuart: you can't having a thriving culture if businesses are shut down and arguably, it's much safer for youngsters to be in the school or out and about than cooped up at home, isn't it >> you also can't have a thriving business if you take on the liability of people getting sick either so i'm looking forward to innovation, eric-- air filtration and things that will help us get back to business like what does it look like to align your space now because taking on liability could be an issue for small business owner. stuart: perhaps we should have liability insurance like maybe

some liability protection. that would help, wouldn't it? >> that would help and maybe that's something we should think about when it comes to aid because if you are recovering in business and also have to consider taking on liability, i mean, when comes to investment and business you have to think about liability all the time so i guess the question is what is it look like to reopen versus do or don't. stuart: it's a mess right now is that, i mean, i look outside here at new york city and the place is a shutdown i, i mean, it's empty. minority owned businesses and kids are suffering big-time. i'm trying to achieve how do you get them back, how do you think we get things going again and i think liability protection and opening things up would be the best way. last 30 seconds to you because i'm intrigued about what you do right now. >> what would i do right now, while we are looking at online sales and looking at the door-- and the load--

what is partnership look like, we think the people first and so thinking about like the current aid coming out like what do you do as a career person that's engaging, how would you handle this so i think we have to balance it all. stuart: start a business, what a great idea, start a business. shelly bell, thank you for joining us. come again soon. we love to see people start businesses. still ahead, steve cortes, nigel farage, steve forbes, the second hour of "varney & co." coming up. ♪♪ even after paying for this. love you, sweetheart. they guide me with achievable steps that give me confidence. this is my granddaughter...she's cute like her grandpa. . .

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♪. stuart: we had a lot of demands to get beatles back on the show. occasionally we'll manage it. hello good-bye by the beatles themselves. do you remember this, one susan. susan: yeah. it's a good one. stuart: you received quite a beatles education in your time on "varney." susan: usually at 10:30 trying to know the none. stuart: good ol' days. the markets are closed here live on the air un-like some of us.

futures trade something going on, movement to the upside, pretty much across the board. futures show a gain if the market were opened. bitcoin turned around in last half hour. literally half hour ago we were 48,800. now we're at 4thousand 900, ever so slightly lower. now this. this is the story of a mass vaccination center abruptly shut down. it had given the jab to thousands in just a few days but ran headlong into the politics of race, profit, and privacy. last summer a 22-year-old computer scientist launch ad non-profit in philadelphia to make face masks t was a success. he moved on to offer testing 15,000 people got a free test. then in january he launched an ambitious plan to use the philadelphia, i'm sorry the pennsylvania convention center for mass vaccinations t seemed

the job was getting done. he had developed a system that jabbed 140 people per hour, 7,000 in five days. then came the problems. in december he had converted his non-profit, philly fighting covid, the name of it, into a for-profit. a lot of people didn't like that. privacy activists were concerned that personal information of those vaccinated might be sold. he said no, it won't be. the appointment system didn't work. what real estate developers and financial people used computer-savvy to the move to the head of the line. a whistle-blower reported that deroshen taking home surplus vaccines at the end. day. they would have spoiled, so he inoculated four friends. during city council hearings emerged 18% of those vaccinated were black in a city 40% black. the city's health commissioner,

thomas farley, the people who forced their way to the front of the line often are people are whitened quote. at end. january the pennsylvania convention center abruptly stopped vaccinations. tens of thousands of people who would have been jabbed by now have no safety net. i pass no judgment. politics shut down a mass vaccination center. 10 of thousand of people who should have received their jab are out in the covid cold. the second hour of "varney & company" is about to begin. ♪. stuart: i want to talk energy prices, crude oil, natural gas. we've got a dreadful cold weather streak across much of the country. we have to the the biden administration taking action against natural gas and pipelines. steve moore.

stephen moore, it is not steve, i know that. it is stephen. >> call me steve. stuart: you can call me stu. >> can you see my mug here? stuart: yes. >> the beatles. stuart: excellent. excellent. >> i have got yellow sub ma reason. in my life, penny rain. i got all of them. most fascinating thing the brittish ever gave to us. stuart: take that back, moore. >> yes, stuart varney any. stuart: all right. let's talk energy prices. >> happy presidents stay day my friend. stuart: that is a huge jump in natural gas. is that a result of the cold spell or has sitting to do with the biden energy policy. >> this is a big story, stuart. i'm sew glad you're covering this. a lot of national media are not covering the polar vortex. it is hitting from minnesota down to texas. it was practically snowing in dallas this morning and el paso,

places that far south. this is an incredible cold spell and what's happened is, it has thrown turmoil into the energy markets. this has been going on four days or so. the price of natural gas in some areas has gone from $3, to over $300, stuart. think about that in the space of 48 hours. what is going on, because of frigid cold weather you have some pipelines are starting to freeze. so the natural gas having hard time getting it through the pipe lines. the other thing going on, stuart. wind and solar stuart wind and solar are completely use letters when of a polar vortex. the wind turbines freeze. they don't twist. and solar panels get snow and ice on them. they are no good either. this is the amazing part of this story, stuart. do you know what kind of energy we're using across the united

states at record levels to keep homes heated and electricity on guess which one. stuart: when the cold spell goes away -- >> coal, coal. biden wants to shut down all coal america. we're getting almost half our electric power today in many states across the country from coal because it is the most, other than natural gas, it is the most reliable source. stuart: i think you would say that the biden energy policy should be reversed. >> yes. stuart: but i'm going to say he is going to do that because he couldn't take the heat from the far left and the climate crowd. >> we'll not have any heat if we continue on this process. i mean this is a real -- [inaudible]. stuart: uh-oh. you see what happens sometimes on live tv? maybe a cold-snap got in the way. stephen, i'm very sorry. i have to leave you, i can't communicate like that.

nonetheless your point has been taken. look at the futures they are active. the market yes, sir, it is closed for presidents' day. reopens tomorrow. if it reopens today the market would be up. time to bring in the market guy at the moment. that would be mark grant. hey, mark. >> yes, stuart? stuart: you specialize in the bond market, interest rates. you're not so much a stock guy. you're a bond and interest rate guy. you consistently said you believe we'll have negative interest rates in america. that short-term rates will come down and down and down, eventually go negative. do you still hold that position? because i see longer-term rates going up at the moment. >> stuart, i will join the beatles an say, i say hello. i think first you had dennis batter man earlier. i know dennis. we're friends. he is very good intellect. he is looking at the fundamentals of the bond mark i

don't disagree with. where i disagree with him, because of the stimulus packages and the amount of spending that the biden administration wants to do, there will be tremendous pressure put on janet yellen and put on the fed to expand their asset sheet and to buy more bonds and keep yields very low so the government doesn't have to pay much in terms of interest rates on the outstanding bonds. if you look at europe, you look at japan, you look at switzerland, they're all negative interest rates. i think there is going to be a big push in the united states to have the fedex panned their balance sheet and lower rates even further. so yes. stuart: what is the fallout. if you were right, interest rates fall, eventually go negative, what is the fall out from that? how do you think the stock market would react to that? how do you think investor would react if they're looking for some kind of yield? >> there is a direct

correlation, stuart, between the amount of money in the fed's balance sheet and increase in the asset size and stock market which is very positive. in terms of bonds right now, it is very difficult to find any kind of yield at all. even if you look at the 10-year treasury, stuart, 1.2% inflation rate is 1.4%. so you're negative in terms of real rate. bonds have compressed and compressed. corporate bonds, mortgage bonds. high-yield bonds, stuart, last week hit all-time low in terms of yield at 3.96%. i think the out of the box win is my commentary, i wrote that investors both institutions and people have to swivel, have to pivot and start looking at closed end funds, and exchange traded funds where you can get outside yields, in some cases double-digit yields, go there in terms of the interest rates because i think as a

conservative investor, that the depending upon your age, you should have x-amount of money for appreciation but you should also have cash flow and an income which typically is in the bond market which you can't get anymore. so you have got to pivot and look at some of these funds to get yield. stuart: last one. i only got 30 seconds for you. you know how old i am. should i sell my microsoft? >> you say that all the time but i think you've got dyslexia, you're really 27, not 72 in my opinion. stuart: nice try. >> no, i think you should hold on to your microsoft. i also think you should have some of your assets in income-producing funds. a lot of them pay monthly, so you get compound interest as well. if you gut outsized yields and a steady cash flow, that is worth some of your money, not all of it, some of it should be trying

for appreciation in microsoft or various other singular stocks. stuart: okay. i've been doing that i appreciate your help. thanks very much indeed. always good to see you. we'll see you again real soon. >> yes, sir. stuart: mark, good stuff. let's move on. bitcoin, right now it is at $48,040 per coin. it says unchanged. virtually no movement. susan: flat as we call it. stuart: nearly touched 50 grand. susan: it was $100 a way from 50 grand a coin mind you. that is up 70% so far this year. six weeks of 2021. stuart: what about jpmorgan? are they sniffing around the bitcoin market? susan: you mean morgan stanley. stuart: morgan stanley, yes. susan: morgan stanley investment arm is looking to buy bitcoin according to bloomberg reporting. not 100% confirmed. they have $150 billion to spend that is a wall of cash to buy more about it coin.

bitcoin is up 70% of six weeks of this trade. ether is another crip cocurrency hit a record high this weekend as well. experts say if you look at bitcoin trading this time around compared to three years ago, less frenzy, less volatile. maybe this is different, when you won't see the boom bust cycle. went down to 3,000. maybe we won't see that 80% drop again. stuart: it is always different this time. susan: i heard that. >> what about elon musk and dogecoin, what is he selling it? susan: selling biggest doge owners sell. if the major dogecoin sellers sell most of their coins, it will get my full support. too much concentration is the only real issue. imo, in my opinion. musk will literally pail people if they void their accounts. he has very deep pockets, $200 billion worth. richest man on the planet.

musk is preaching, wouldn't you call it democratic value, bernie sanders share the wealth and concerns, maybe too much wealth is concentrated in too few hands when it comes to dogecoin? don't you love talking about politics? come on! not like you to hesitate. stuart: this surprises me on number of levels, elon. i never thought of him as a bernie sanders kind of guy. susan: spread the wealth in dogecoin this started off as a joke as i mentioned in 2013. it now has real value. it is 13th largest cryptocurrency on the planet. entire crypto market is worth $1.4 trillion. this is real value, real money at play. stuart: if the big guys, big holders of dogecoin sold wouldn't that bring the price down. susan: down. stuart: which would hurt the little guy. susan: it also opens up a entry point for the little guys to get in, something more affordable in his view. stuart: tell that to the little guy left holding the bag.

susan: it depends. if it goes back up you wouldn't hold the bag for too long. stuart: if it goes back up. new yorkers not the only ones fleeing to florida. entire businesses are on the way too. roll tape. >> you have lockdown states that are putting people out of business. new ventures, new restaurants are opening in florida. people view florida as a place where they can follow their dreams. it is a free state. stuart: this is our story, folks. we've got steve cortez to comment on it. free state of florida, coming up shortly. are all electric planes, all electric planes are they the future? archer aviation says yes, they are. they landed a billion dollar contract from united airlines. the co-ceo of archer is on our show in the 11:00 hour. i want to know more about that. first though, chicago's mayor calling out the teachers union, blasting it quote, a political

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act now. ♪. stuart: the senate voted to acquit former president trump this weekend, ending the impeachment trial but lauren, come in, please, how much did this trial cost the taxpayer? lauren: not as much as the first one. so the first impeachment trial which is january 2020 cost taxpayers 11 1/2 million dollars. that came from yahoo! finance because it was four times longer than the second impeachment

trial that wrapped up. compensating congress, staffers, from the start of the investigation to the vote. it does not include the president's legal bills or security. stuart. stuart: i'm so glad to hear that. it was worth every red sent, now, wasn't it? i'm being sarcastic i shouldn't be. i will leave it at that. but if you want to comment you can. lauren: i think it was a waste of time and energy. there was no purpose to that trial. stuart: thank you. i think you're right. okay, steve cortez is with us. he has been listening to all of this. steve, i got to tell you, look, i think the republican party came out of this split, divided. you might not like it but i think that is the way it is. what say you? >> stuart, i would concur among republican officeholders, yes. in other words, republican politicians in washington, d.c., there is a clear divide. perhaps there is a divide among the donor class as well. there is no divide when we look at voters, millions and millions

of voters in the gop. this is america first, populist national movement. to give you evidence, not my opinion. "axios" polling, very day donald trump was impeached, among trump voters 92% reported they want him to be nominee in 2024. there is chasm among officeholders. those were legacy office hoeders elected in a pre-trump, pre-america first republican party. they're trying to five back for the establishment. voters have a say on this we've already seen it a moves by a lot of constituents people like senator burr, senator cassidy to censure politicians. same happened to liz cheney in wyoming. i believe in 2022 there will be groundswell in republican parties to clean the decks of a lot of republican politicians,

make sure america first republicans are in power there to pave the way for 2024 presidential election race, where i hope it is a re-election of president trump. stuart: if you clean the decks as you put it in the senate and the house, can you win the senate and the house in 2022? >> yes. i believe we can. the reason i say that, stuart, on november 3rd, one of the really untold stories how well the republican party did down ballot particularly in the house of representatives. we picked up four seats in deeply blue california, for example. the supposition out there is that president trump had an incredible coattails yet no coat. that doesn't make sense to me. i believe president trump won the legal vote, putting that aside, we did incredibly welldown ballot. the they are poised to take the majority not with paul ryan squish republicans but with real america first republicans. stuart: you're coming to us from palm beach, florida, if i'm not

mistaken. that is the little bug. you picked a nice spot. >> yes. stuart: would you give us -- i'm sitting here in the middle of new york city. it is freezing cold. the city is utterly deserted. what is it like in florida? give us a progress report from an open state? >> stuart, it is incredible. i'm visiting here. like you i live in a lockdown jurisdiction, in chicago, illinois. coming to florida is incredibly liberating i have to describe it. the state is open. it is managing virus risks responsibly. children are in school. sports are being played. restaurants are packed. churches are thriving. it is normal society in most ways. people are walking around largely maskless. they are smiling. guess what, stuart, regarding the virus on all the most serious metrics, the most significant metrics this place, florida, is massively outperforming lockdown jurisdictions like new york and like chicago. so florida, ron desantis who i think is the best governor in

america, has become the example for the rest of the country, protect the vulnerable and do so with great care but allow regular citizens who are not statistically vulnerable to dire effects of the virus, at how them to make reasonable decisions about their own life, how much they thud mask or go out in public. florida is thriving. my only worry for florida, so many blue state people are being fromming here i hope they don't change it politically. stuart: you don't know how many times i heard that. texans worry about californiaians will bring their politics with them. florida worries new jersey and new yorkers bring their politics with them. heaven for bid. >> thank you, stuart. stuart: here is the headline for you, the thanks guard could national guard could remain in d.c. in large numbers until the fall? i can't understand that. i want to bring in edward lawrence. i'm pretty sure the national guard for all that time will come at a hefty price tag.

you got it? reporter: indeed. what is interesting, steve stu, this is as close you get to the u.s. capitol if you're member of the public. lawmakers dong business behind the fortress. one is 30 feet outside of the fence armed to the teeth. fox business has not been able to fine any federal agency warned of an impending threat. security officials do have a meeting wednesday about all of this. this is costing $7 million a day. it is 4400, and $83 million from day they were activated on january 6th through march 17th. national guard members will be here through mid-march, according to the pentagon spokesperson. planning on 5000 troops after that until possibly the fall as you mentioned according to an internal email obtained by the local fox station. sunday morning future, former acting director of national

intelligence ric grenell is blaming democrats for this right now. >> let's be clear. many d.c. politicians, nancy pelosi and all her friends love this this is like living behind a gate the community. they want to be away from the people anyway. many ways they are loving exclusivity what is happening on capitol hill. reporter: stu, that is a big seven foot gate all the way around the capitol. back to you. stuart: i think ric grenell is absolutely right on that one. thank you, edward. appreciate it. see you soon. one former new york governor, former new york governor says the state should take a tip from california recall the current governor of new york. that is governor andrew cuomo because of the nursing home coverup. we have got the full story. it is the documentary that has the internet buzzing. framing britney spears. it is a hit for hulu. netflix is making a brittany documentary too. details on that as well.

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stuart: philadelphia vaccination site that was doing well was suddenly shut down on the notion

that the guy running it, well he had taken home some vaccines. they were surplus. they were going to spoil. he vaccinated four of his friends. he did that and they shut down the whole operation. ed rensi is with us this morning. now, normally he ed talks with s about the restaurant business, he is former head of mcdonald's. this morning ed has a bee in his bonnet about people getting to the front of the line in the vaccination line and ed doesn't like it. what do you think about this philadelphia situation, ed? it seems they shut down a viable operation in part, because the guy running it had used some surplus vaccines, just four, to vaccinate four of his friends. what do you make of all of this? >> in any kind of government process like this common sense has to rule the day. there was a similar case in texas where a doctor came to the end of his shift. they had nine to 10 doses left.

they were about to spoil in six hours, so he got on the phone started calling people. found some people, gave them the shot. had one dose left. took it home, gave it to husband wife who had some respiratory problem. he told his bosses next day. fired him on the spot. they're talking about prosecuting him. it is the most insane thing i heard in my life. this vaccination material is very valuable. the shots are valuable to waste them is insane. give them around to those who need the shot. look, i'm 77 years old. i'm in priority category. i don't mind waiting people that need the shot a lot more than i do. please, government, quit using idiocy with using common sense f you have a system that works, amplify it it. move it across the country. i like what trump did. let the states manage it.

i think desantis is doing a fabulous job here in florida. where is the common sense? that kind of thing. punishing people for correctness is wrong. stuart: you're 77. i'm 72. i have a real problem with computers. a real problem with getting an appointment to get a vaccination. it is my age. i'm the wrong generation. i mean i'm not a computer-literate kind of guy. i'm too old for that. are you in the same boat? because i know an awful lot of older people who need their grandchildren to get them an appointment? >> well, my wife, who is pretty good with computers has been doing my computer work for me. i'm really good at solitary and things like reading the newspaper. i'm terrible at actually using a computer. i don't even want to learn how to do it at this age. my wife is pretty good at it. he is waiting hours in line. i'm number 39,000 in the state of florida but frankly i don't mind about that. there are a lot of people that are not computer-literate, don't have access to computers that

are stymied because the way the governments approached this across the country. i think, you know, they would have been better off using mcdonald's drive-thrus than using some health systems they're using currently. stuart: i do agree with but the governor of florida. i think the man is doing a terrific job. we had a report from palm beach. are you in sarasota? i'm not sure where you are. i know you're in florida. how is it going? what is it like in florida at this moment? >> well i tell you, i live in sarasota, i travel all over the state. in fact i'm working with a company called chicken kitchen in miami. i go over there three days a week. the city is open, it is alive, things are going well. people are cautious. everybody is wearing masks. keeping distances. i give everybody a handshake with my elbow and call it covid love. we are smart people. we've got common sense. government ought to let us to do what we need to do. just tell us what is best. we'll get it eventually.

everybody will do something wrong once in a while. let's have some trust in the citizens of this country to do what's right. that is what i love about desantis. you're al adults act like it. these are the rules, follow them, if you don't, you will get into trouble. it worked beautifully. stuart: straightforward. love it. ed, always a pleasure, thank you very much for being with us this morning. appreciate it. thank you. following on from that, chicago's mayor lori lightfoot is criticizing the teachers union after the battle to reopen schools there. lauren, what did she say? lauren: she is the democratic mayor around she told "the new york times" that the teachers union in chicago is playing politics. this is her exact quote. when you have unions that have other aspirations beyond being a union and maybe being something akin to a political party there is always going to be conflict. she continues, i think ultimately they would like to take over not only chicago public schools but take over

running the city government and that is coming from a democrat. the clash between the city and union gathered national attention. already pushed back school reopening in chicago an additional month. now kindergarten through fifth graders, they will be returning march 1st, instead of february 1st. it continues. stuart: we discussed this in the first hour and i said i do not expect most kids in these united states of america to be back full time in classroom learning for at least until the fall of this year. you said as i recall in the 9:00 hour, it will be next year. it will be 2022 before they all go back. you still sticking with that? lauren: i think middle of next school year. i wouldn't be surprised if goes to go fall of 2022. middle of next year. stuart: unbelievable. lauren: after the winter break. stuart: thanks very much, lauren. i think we're in agreement on that one. one state just hit silicon

valley a new tax, first of its kind in the nation. susan is all over that story. she has it within a moment. half of america is in winter advisories with freezing temperatures and snowstorms pretty much across it. love report from janice dean for you. ♪

♪. stuart: got to tell you that the weather is making big news this presidents' day. half the country is under a winter weather advisory. janice dean from the fox weather center is with us now. janice, i know it is really bad in texas an oklahoma but out of self-interest when does the bad weather arrive in new york? >> later on this afternoon we

could get some freezing rain and sleet. that is the first batch of it. we'll get another batch later this week. much of the country has winter weather advisories except well, florida, where temperatures are in the 70s. another reason to move to florida, the only place not in the deep freeze. minus 22 in tulsa. minus 22 what it feels like in kansas city. the arctic air is in place as far as the gulf coast. we had snow in galveston and the snow at the alamo. all social media is lit up with snow across the south. this is one system that will move through portions of the ohio, tennessee, mississippi river valley. we have ice storms for parts of alabama, mississippi, virginia, west virginia, up towards new jersey and pennsylvania. even parts of new york could get some of that freezing rain later on this afternoon. so here is the forecast as we get into the evening hours, overnight tonight as we get into tuesday. we watch our next batch move

into the southern plains on wednesday and thursday. so dallas, maybe not the measurable snow you saw from this round but certainly an icy mix and that system is going to again move through some of the same areas hit hard from sunday and monday and into tuesday. here is the forecast, precipitation through tuesday. you see pink on the screen. that is where we've got the freezing rain, possibly an ice storm as we get into thursday and friday for parts of the i-95 corridor in the northeast that will be really dangerous. listen to your local forecasters, all right? they are going to make sure everything is on the up and up when it comes to the local forecast. we'll see measurable ice across the northeast, but certainly as we get into thursday and friday, that is where we'll see the measurable snow and the ice for parts of the northeast. so, an incredible next few days. we have the storm track relentless with cold air and snow for airs that don't typically see the snow, at least

measurable snow for parts of the south. stuart: 82 degrees. >> email me for your own forecast, stu, you know that. stuart: 82 degrees in naples, florida right now. 22 degrees at my farm in upstate new york. you have a 60-degree difference there and it is your fault, janice. >> i know where i want to be. stuart: i know. >> florida. stuart: i have a guest house. janice, thank you very much indeed. see you later. i'm showing you big tech. i'm showing you, those are friday's closing prices okay? the markets are closed as of right now. those are friday's close. we're putting it up on the screen because big tech may be getting hit with a new advertising tax. susan has got details. >> first of its kind in maryland. a tax on sampson, facebook, google and advertising dollars this they bring in. maryland says the tax could bring the state government a quarter of a billion dollars which they say they will use to

fund education initiatives. however the tech giants along with other business groups say it will only hurt the little guys. >> in reality, these taxes are going to fall on the people you know, in their own districts. it is going to fall eventually on consumers. the senate president here in maryland, he likes to say he is hitting out-of-state big companies. in reality he is swinging and missing, hits his own constituents. that is exactly what will happen in every other state. susan: it is not just maryland. there are currently 17 bills in 10 states proposing different big tech taxes, using that money they say to build infrastructure and also funding education. they are arguing that tech benefits from the internet that americans built, lines laid by the government. why shouldn't they pay to use the pipes? they also pay to make money off user data. the maryland tax will be necessarily contested in courts

for years. so no immediate implementation. i think it send as very loud message. stuart: that is different line of attack going after antitrust or repealing section 230. tax them. that is the way you get them. susan: using the pipes, using our data, we should get some money back. stuart: next case, netflix working on a documentary about britney spears. hulu got one out earlier. what is next? there is great interest, lauren. spell out it. what have you got? lauren: this is on my list to watch. this is case of dueling documentaries we've seen become common in the streaming world. hulu aired a "new york times" documentary about britney spears shows how the media treated her. how her ex-boyfriend, justin timberlake since apologized treated her. how she basically spent the last 13 years of her life living under a conservatorship that places her 60 million-dollar fortune under her father's control. it is interesting.

people are talking about it. bloomberg is reporting that netflix will now complete with hulu and do a documentary on the life of this once troubled pop star. stuart: it will be popular. anyway you slice it, that is must-see viewing for a great many people. i'm not sure whether i will be in that group but you will. all right. let's talk about electric planes. lauren: i will. stuart: electric planes. what a story. archer aviation landed that billion dollar contract with united airlines to produce 200 of these things. we've got the co-ceo of archer coming up. i'm fascinated. when will i actually get into one of those things and fly in it? we'll see. >> uk requiring visitors from covid hot spots to quarantine in a designated hotel for 10 days. why would anybody want to go to britain brit right now. nigel farage is on the other side. he is in britain.

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♪. stuart: about 15 million people have been vaccinated so far in britain. does that mean they will start reducing restrictions, lauren? what do you know about this? lauren: not yet but there is talk about it. that 15 million is a big feat for great britain. means one in four people have at least some layer of protection against covid-19 but the infection numbers are still very high and the british government hinted it could be months before any significant changes are made to the lockdown restrictions. not to mention they're dealing with that uk strain, right, that variant that is highly transmissible but prime minister boris johnson, he is touted the effectiveness of the astrazeneca vaccine. listen. >> one of the features of oxford astrazeneca has been recently confirmed by the scientists it has, reduces transmission between people as well. there is a 67% reduction in transmission as a result of

these vaccinations. lauren: that was just for three weeks after getting the first jab. so that is very good data on that vaccine. look, the uk, and the u.s. are working together. in many ways we're in the same boat here looking for the lockdowns to ease and getting as many shots in people's arms as possible. stuart: yep. got it. thanks very much. now today, by the way, the brits will begin quarantining visitors from countries deemed to be covid hot spots. you got to stay in a designated hotel for 10 days if you fly over there now. nigel farage is back with us this morning. nigel, good to see you again today. >> thank you. stuart: i live in new york. i'm an american citizen. if i got on a plane today to fly to london do i have to spend 10 days in a hotel in isolation and quarantine? is that the case today? >> no, you don't actually. there are 33 countries, on the so-called red list. they are mostly south american

and south african countries. if you fly heathrow from one of those. as soon as you get your case you're whisked on to a coach and taken straight to probably a hotel room that is bit more like a prison. you will be there for 10 days. and you will be given quite a big bill. if you come in from the usa, you will be expected to quarantine for 10 days but without being overseen by the uk police force. i mean either way it is a massive disincentive for anyone to want to come to the uk. arguably, stuart, it has been done a year too late because you know, january 2020, president trump said we're stopping flights coming in from china. we didn't do that until very, very recently. stuart: is this politically popular in britain? this lockdown is very severe where you are now, and i'm wondering if it has reduced boris johnson's popularity? >> here is the astonishing thing.

so our health secretary announced last week that anybody that fills in their passenger locator form wrong, namely, they say they haven't come from a red list country when they have, if they're uk citizens will face 10 years in prison. i mean i simply couldn't believe something as authoritarian as this, yet, it appears that the opinion polls back lockdown but the opinion polls back the government taking tough action, back us closing off to the rest of the world. i don't. i think lockdown is having dreadful effect on people's mental health. it is terrible for isolated elderly people. bad for -- terrible for those in the private sector running their own businesses but at the moment the government information campaign about covid, what it can do to you has scared people so much they're prepared to accept this. stuart: nigel, i'm sorry i'm out

of time but i find that absolutely incredible. i really, really do. i'm sorry i'm out of time. i could discuss this all morning with you. nigel farage, come back soon, please. love to hear from you again. thanks, nigel. big hour still to to come. adam goldstein, founder of aer electric air planes. nicole malliotakis, steve for example, shun duffy. blue states governors have no one to blame but themselves. that is my opinion. we'll discuss that next. ♪ we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way

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>> markets are always reaching new highs of their walking properly the only question is what timeframe i'm into application more than i am the big data at this point i am looking forward and i think these companies are tremendously undervalued 5 - 10 years out. >> right now the driving force in inflation is the fed's monetary policy and that's a driving force in the stock market. >> if you look at europe and switzerland and japan their own negative interest rates and i think there's going to be a big push in the united states to have the fed expand their balance sheet. >> when it comes to investment business you have to think about

liability all the time, the question is what does it look like versus do or don't. ♪. stuart: look, what is this, immediately susan got it wrong you said it was calling getting. susan: what did you guess. stuart: i didn't guess because i don't have a clue. did you see futures come up 184, the market is closed today but we are live in on-air unlike some but the futures market is active and headed north this is how stocks will be behaving if wall street were open right now. i call that a rally, now this. who would've thought that the governors of new york and california should have fallen so far so fast because of the covid response six month ago andrew

cuomo, gavin newsom were media stars they could do no wrong, candidate joe biden lavished praise on both he said governor cuomo was a lesson in leadership, but times have changed, cuomo and newsom are now in deep trouble. in new york outrage over the deaths of thousands of elderly people in nursing homes, they tested positive, being taken to hospitals and then by governor cuomo's order sent back to nursing homes where the infected others. thousands died. that is a major scandal and so is the state economy the governor has been slow to open up, unemployment is skyhigh eight-point to percent, it was 6.1% florida which is new york's polar opposite, excuse the pun. let's show you again a deserted sixth avenue in a deserted times square courtesy of earth cam. in california same story six month ago gavin newsom was popular he was writing the hate

trump wave but then came his disastrous dinner, could total confusion over his color-coded lockdown, $31 billion but the questionable emergency payments and of course enlist school closures. newsom got covid very wrong and now the recall petition has received the required 1.5 million signatures they are going for 2 million to make sure it looks very much like newsom will be fired. there is a lesson don't be arrogant, governor cuomo wrote a book about his great covid leadership that does not look good now that he's accused of covering up the nursing him tragedy and newsom's arrogance with his smirking apology for the french laundry dinner turned into a public relations disaster, arrogance prolong the lockdowns, prolonged school closures they become the hallmark of new york and california they cannot blame trump they must blame themselves and their own policies. maybe the virus will promote

some serious change, after all all of us live in hope but please if you leave and head to florida, nevada, tennessee, texas, don't take your politics with you, the third hour of "varney & company" is about to begin. ♪ on your screens the seven republican senators who voted to convict former president donald trump, sean duffy is with us is monday morning, the republican party is split i don't think you could deny this. >> i will deny that because i think the republican party stands together that they support trump and putting america first in the policies with less regulation and lower taxes now in the u.s. senate you are right there was a divide in jeff senators who weren't home enough over the last month with

fewer their constituents actually stand you mitt romney and ben sasse and senator cassidy from louisiana who come from conservative states who actually voted to impeach the president they are not in line with the voters who sent them to washington, too many washington dinners have made them go one direction whether people are actually someplace else. stuart: 74.1 million people voted for president trump on november the third are you telling me all the 71 million will vote for him again if he ran in 2024. >> i would say a vast majority would still vote for president trump. they are outraged at what happened at the capital, we love our u.s. capital they didn't always like the rhetoric but they like the results unlike that they put their families, their communities and jobs first as opposed to what they see now, your intro on what is happening with liberals and covid is great

giving people freedom and liberty to make choices that are right for themselves and the kids to go back to school, people believe in that they don't want america to selloff to china they want better trade deals in a secure border and lower taxes and less regulation and pipelines in american energy, they love the policies of this president and that's why a vast majority, not everyone but a vast majority still support the president and when you have an impeachment trial there was no trial at all, no evidence, no witnesses in the voters in the states have the same information that the senators had, senators have no information then the public and the public looked at the evidence and said we don't agree with the vote to impeach. and that's why the senators are in trouble and they don't represent the vast majority of conservatives in america. stuart: we will probably disagree or whatever about this and some time to come but i'm going to move on because you are the father of nine and i'm wondering about where on earth

we will get our public schools reopen properly is dr. fauci, he says schools can reopen if congress passes more stimulus, watch this. this. >> i think the schools really do need more resources and that's the reason why the national relief act that were talking about getting past we need that, the schools need more resources. stuart: you have nine children, i don't think your nine children if they were to go to public school will not be back full-time public school in the classroom until at least at the very least the fall of this year probably later, what say you. >> i send my kids to catholic school that run on a shoestring budget and their keeping kids safe, then having outbreaks or family contagion in the catholic schools, what concerns me if you listen to found dr. fauci you

could tell that they've sold out to the unions they're not following science and kids fred covid and kids at risk of dying, there listening to teacher union in making the science with teacher unions want to have happen. i think it goes back to my original point republicans not being split they want politicians and leaders to follow the science and not unions and what they want to see happen with our schools most families want to see the kids go back to school, give our families choice you cannot educate kids when they go once or twice a week or on a zoom call is virtually impossible i did for the last part of last year end it's impossible to go through five kids in math and social studies in reading and all these kids and get them the technology to work in your internet shuts down, does not work let's put our kids first and not teachers unions and that's what pouch he is not doing in his work of the science. >> i have to have the last word, the teachers union and the

pandemic killed public school education in the united states of america we will talk about this at length in the future, thanks for being with us this morning. covid cases over the last two weeks, down 39%, deaths down, 18% let's bring in steve forbes, those are remarkable numbers, remarkable turnaround, a real turning point in covid, what say you? >> that is absolutely true as the vaccines get distributed eventually the politicians will get out of the way and people having full vaccines and you will see more dramatic decline, doctor siegel said in your show earlier about the fact that these variants of the covid-19 and these vaccines can deal with them, the news is excellent which is why this wearing masks, keeping lockdown and, the schools closed is so preposterous and as you point out there's a huge divide between blue states and red states in terms of economy and

opportunity and i love it the governor of florida says florida is a free state which is why people are flocking there. stuart: do you think new york and california and illinois of this world do you think they were ever elect republican governor and a statewide election after all i think the democrats have really failed in that pandemic response in new york, california, and illinois in new jersey will you ever see a day where they have and republican governor. >> the answer is yes once this is over and people's numbness where often the scare tactics were off you will see a huge political change. illinois the school district there is returning $10 million that they didn't spend which gets to the whole bailout from the federal government that is over 1 trillion of unspent money i think yes once the covid is largely behind us there will be a political change in d.c. and california governor newsom is dusting off his resume. stuart: one last one bitcoin hit

very close to $50000 over the weekend would you ever touch it with a 10-foot pole? >> the answer is right now no because it has problems of volatility in taxes and fees of making it a currency i think those challenges will be overcome in the real battle is going to come when the government tries to suppress crypto currency because they will be an alternative to the dollar and other currencies like the euro and it will be a huge battle on that as a government tries to crush these things as an alternative to the corrupt currency. stuart: steve, always good thank you very much for being with us i'm showing you futures because of futures is an active market even though the real market this presidents' day is closed, what do we have here, j.p. morgan says there come place it in the most two decades. susan: j.p. morgan says global

investors are the least fearful and the most greedy in 20 years since the.com bubble burst and jp m says look at the get rich quick spirit and bitcoin close to crossing 50000 over the weekend gamestop, cannabis, penny stocks, warfare and one metric flashing bubble signs is unworn buffet which is the value of all u.s. stock market is now even bigger than the entire u.s. economy, j.p. morgan says we will fall from here and maybe a pause likely but there is no substantial of pullback if the fed has your back in the trillions of dollars. stuart: i'm fascinated by the use of the word greed. socialist, any profit is greed, the pursuit of any profit of any kind and might be 1%, that is greed, you are a disgrace.

susan: anything greed is good in wall street, warren buffett says when the tide goes out you see his wearing pants meaning it is great we have central banks renting money and everybody looks like they're brilliant and making tons of cash but when the tide comes out in central banks reducing the stimulus you see the good people. stuart: well done, thank you. susan house democrats, they want homeland security to stop working with the police at the southern border, how crucial is that relationship, interesting question. and remember what new york governor andrew cuomo said about virus deaths in nursing homes, i hate to do about rolling again. >> people died, but who cares, died in the hospital, died in the nursing home, they died. stuart: congresswoman nicole mellon talk us is calling for cuomo to be held accountable for his botched nursing home plan

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and perfect for enhancing yoga and pilates. and safe for all fitness levels. get gym results at home in just 10 minutes a day. no expensive machines, no expensive memberships. get off the floor with aerotrainer. go to aerotrainer.com to get yours now. stuart: social media censorship is a big deal and we have this just moments ago parlors website coming back online after more than a month. susan: it looks like parler issued a press release and they say after being the platform by amazon on january the 11th they have now been able to bring back of the site yet to rejoin from what i see in the press release and set up a new account in order to join the conversation but we know that

the former cofounder of parler has been booted as the ceo so according to the parler press release as an outsider so mark meckler is the interim ceo of parler.com, he will bring along a new chief policy officer as they look for a new permanent ceo but i haven't tried to create a new account i don't think anyone here has but this is what we have so far parler.com looks to be up and running and maybe you can input some of your data in their. stuart: if they're coming back we would like to see. thank you susan, new york state democrats criticizing governor cuomo's nursing home scandal, jessica ballis tweeted this, governor cuomo and his administration knowingly chose to lie and play politics with new york lives his emergency powers must be rescinded he and his administration must be subpoenaed and a full investigation must result in

justice for grieving families that is from a democrat. congresswoman nicole malliotakis republican from new york joins us now. you want the justice department to investigate the cuomo administration, got it, what do you want to see happen. i ask because the constitution of the state means it cannot be recalled no mechanism for that he certainly will not resign, what you want to see happen question. >> yes, new york state law does not allow for recall like you have a california but we do believe governor cuomo's time is dwindling and he may resign if these getting pushback by even those in his own party which receive little by little or emerge and they have to have emergency powers rescinded which is something i called for in the department of justice inquiry which begin in august which begin in october and now urging that the expanded to investigate the alleged cover-up that is

occurring even his chief of staff has admitted to while in a conference, secret conference with the democratic lawmakers and so i believe there is a potential for criminal complaint there could be a prosecution but we have to see where the department of justice takes their investigation we wanted to be independent and without interference from the body to administration. stuart: similar lines were talking about new york performance of the pandemic new york covid positivity rate is below 4% for the first time since november of last year, why is the state still under harsh restrictions? >> this is something i've been very critical of we needed to have a balanced approach and we haven't seen any balanced approach to reopening at all. as we see more individuals getting the vaccination we should be reopening this economy i've been pushing for the restaurant industry to be

reopening we have 25% to begin this weekend but not in part with the rest of the state which is 50% the state received $4 billion from federal covid release funds to reopen schools, they haven't done that either, we need this economy in our schools to be reopening and that's why we need to resend the governor's executive orders so we can move forward in a balanced approach. stuart: new york in california, illinois in new jersey how do you think they stack up against florida i'm asking the question i know it's a loaded question because i been to florida, cnet and a lot of our guests are coming of the sun is shining, business is being done about it just makes new york and california look so bad, doesn't it. >> it does make people for me too be sad about it because i been state legislator pushing back the overregulation and i'm

doing so as a member of congress when you look at new york state population that we have a few million less individuals yet were spending twice as much in our budget and in new york city spends as much as the entire state of florida and then double the population of florida then new york city. this is mismanagement and that's why i'm concerned with president biden wanting to issue another $1.9 trillion for covid relief package when you're still $1 trillion unspent and he wants to get $50 billion to governor cuomo and that is a concern, i want my states to receive funds but i want accountability as well and we don't see that happening under these two. stuart: thank you very much for joining us, don't be a stranger i want a lot more on this coverage, thank you very much indeed. if you're watching the futures please be advised that we now have the futures market moving up again of 200 points this is futures because the actual

market is closed for presidents' day this is how the market would behave if it were open, that is a rally. let's get this straight, where are people going when they leave new york and other places up north, where are they going i think i know the answer i'm pretty sure i know the answer but lauren is going to give us the official answer where are new yorkers going. lauren: we know the answer, it's florida is people and businesses specifically in florida palm beach and miami-dade county, if you look at residence from new york city who file change of address is to palm beach, broward and miami-dade between march 1 and october 31 atop 13000, it could mean many numbers of the household the number is likely bigger and before the new york weather turned brutally cold when you have restaurants and businesses looking to stay afloat saying this weekend or indoor dining

what we do, some move south we knew new york city dining reopen on friday after two meant to be enclosed with 25% capacity that is hard to stay in business. i don't know if you've ever been there, a new york city restaurant that opened in florida and they say -- i'm saying it wrong -- they are saying their staff keeps calling insane move us to florida, as wall street firms, restaurants, people, businesses, everybody wants some relief. stuart: that's an astonishing number 13000 people from new york city and relative and limited period of time when there is one county in florida and you can bet your life that those people have money, the money is just heading south, straight down i-95. that's what's happening, however, i said enough about this on, thank you very much for joining. thousands of national guard

troops could remain -- thousands of them could remain in d.c. until the fall, what on earth, fall, what is the threat, by the way keeping those troops down there all that time cost you the taxpayer a ton of money and will tell you how much. 25000 asylum-seekers will be allowed into america this is the beginning of the flood of the border, ken cuccinelli is next. ♪ how am i doing? some say this is my greatest challenge ever. governments in record debt; inflation rising and currencies falling. but i've seen centuries of rises and falls.

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stuart: can you believe this national guard troops reportedly to stay in d.c. until the fall, edward lawrence, how is that going to cost us all. >> were talking about a lot of money, it breaks my heart to see the fence around the u.s. capital and streets closed in a huge footprint, take a look over there, you can see with here not a lot of members of the public but the national guard members three posted every entry point in about every 30 feet all around the outer fence, there's

not even any members of the public but it costs a lot of money to the taxpayer in the public, it's $284 million for the personnel from january 6 through march 16, $199 million for operation by paying for the razor wire fence, $483 million the cost will go up after march 15 because the troop level will go from 7000 troops to 5000 troops according to an e-mail that was obtained by local fox in washington, d.c., the 5000 troops could be here through the fall and fox business has not been able to have any federal agency that there's an impending threat against the u.s. capital, there is a meeting on wednesday about that subject, republican lawmakers are saying send the troops home this is over, back to you. stuart: i'm in agreement with that one. thank you so much for being here. now this the administration allowing 25000 asylum-seekers currently in mexico to enter the

united states it starts this week, former deck and should deputy homeland security joins us now, it looks to me like the flood is begetting but my point is i don't think you can do anything to stop it can you? >> you could've kept the remaining mexico program going but let's be clear, professional career officers were finding a couple of percent of those people qualify for asylum it was a clear sham and mexico cooperated to give us extraordinary level of detention ability so when they throw open the door, that is the answer it isn't whether you could hold back, they have given up the main element that was holding back the 25000 folks and they've abandoned it despite 30, 40000

cases of evidence where there is no large number of people that qualify for asylum in those groups, it is a sham by and large that they are playing by their human traffickers to try to get into this country and joe biden is letting them do it. stuart: that is people coming in the other side of the coin is ice, they came close to releasing three men convicted of child crimes, there is confusion of the directive from the white house tell me more about this is seems like a disgrace to me. >> it used to it, unless the judge in texas that has ordered the deportations continue and if ice really abides by it because they get the will enter difficulty they are in their bosses telling them don't do it

in the court is telling them to do it they have to live with her boss for the next four years. that is a very awkward position for them to be in but child molesters are going to get some free in this country at the order of joe biden, you will have all sorts of domestic violence people, drunk drivers who kill more people than any other crime out there, those are all going to be released and are being released instead of being deported because of the bite and policies that are rolling in and you said the flood is coming, know the flood is here, there are over three or 4000 people a day, they are way beyond what obama secretary of homeland security jay johnson called the crisis and he said that was 1000 a day. stuart: one last one something i'm not quite sure i understand house democrats want the homeland department of security stop working with local police on immigration. translate that, what does that

mean. >> it means they want to set up a situation where it makes it very difficult for the department of homeland security to succeed at their mission, they cannot tell them stop doing their mission but if they can put all of these speed bumps in the way and this would be a big one not cooperating with local authorities that would very much impair their ability in removing people from this country and primarily that means criminals by the way back to your earlier point because that's where the locals encounter them when folks commit a crime and local law enforcement encounters them those are people they don't want in their communities because they make them less safe. stuart: thank you for the explanation i think we all need to explain were going backwards, ken cuccinelli, thank you for being with us. throughout the interview we put on the screens the dow futures in the s&p futures we have a

rally on our hands and i'm showing you gaming stocks, nevada is expanding capacity limits. >> very good news for the casino companies their increasing indoor capacity from 25% to 35% starting on monday that is today according to this roadmap and reopening plan by the governor however, businesses and activities are deemed a high risk in the entertainment establishment, nightclubs, day clubs will remain closed through may the first but they have been thinking of lifting limitation that the vaccination program has been underway in nevada and they needed have you looked at the unemployment rate in november report from the bureau of statistics show that las vegas and the vegas strip had the unassigned unemployment of the big metropolitan areas nationwide. susan: 11.5% they have over

41 million visitors they didn't even get a third of that last year. stuart: no find tourist they are not coming in, not now, thank you. as we've been reporting united airlines signed a big deal to buy 200 electric planes how soon before they actually take off and i get in one of those taxis. we have the cofounder of the company that makes those coming up. but first, 11% of the people in illinois have been vaccinated, 11% but restaurants are on a tight capacity restriction what is it going to take for them to really fully reopen. we'll deal with it next. ♪

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>> i feel like god has allowed me too be here and it's provided an opportunity for me and i been grinding out for 14 years and haven't got to victory lane so to finally get there and let it sink in his overwhelming. stuart: it wasn't easy but michael mcdowell be the odds and he won the daytona 500 pre-give me the highlights of the race. lauren: the odds were 100 - 1 and dad he noted it was his 14th daytona 500 but he finally won, this was a race that was rain delayed for five hours, it's all multivehicle crashes and the final lap, mcdowell made it out on escaped and this is what you're looking at is another driver he actually stop during the rain delay i was just talking about to place a lunch order for the entire team that is ross, not his racecar i

don't know whose car if it's his personal but it's not a stock card but he took a rain delay to get lunch for everybody. stuart: it looks like you got quite a few lunches. lauren: mickey d's. stuart: yes that's where he went. 11% of the people of illinois have been vaccinated, 11%, however, the state has a 25 25% capacity limit for indoor dining, and grady trimble is at the need to kitchen and bar, how long can they survive with capacity at that low level. >> not too long that is why were here today they are trying to push along with a lot of restaurants in the illinois restaurant association for 40% a chance obviously where we are illinois it is freezing below freezing 6 degrees and a lot of snow, nobody is able to sit outside indoors only option, matt is the owner and stuart

asked, how long can you survive a 25% capacity. >> not long we've been at this for almost a year with the reduced capacities for indoor dining and it's taking a toll not on just the business but also our employees as well. >> that's the most important thing you want to get your employees to feed their families and you can't do that at this rate, yet a good valentine's day weekend, there is demand people are getting more comfortable with eating out but the government is not allowing. >> absolutely was a good valentines weekend but just like new year's eve that's one of the biggest days and the restaurant business and we sell reduced capacity and reduced sales and reduced income for our staff which is not what were looking for. >> the comfort is there and the demand is there from the public but obviously it's not there from the governor.

stuart: i hope they can stay in business it looks like a nice place to me. see you later. forget about taking the subway or the bus electric planes, right there on the right-hand side of your screen could be the quickest way to the airport and soon, the people with the electric planes are working to make that a reality the ceo joins me after this. joins me after this. ♪ and paying student loans. student loans don't have to take over for the rest of your life. thank you for allowing me to get my money right. ♪♪

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♪ liberty, liberty, liberty, liberty ♪ stuart: i am fascinated by that plane and electric plane from archer aviation vertical takeoff and landing machine from a better word now the gentleman on the left or right hand side of your screen is adam goldstein the co-ceo of archer aviation which is producing the electric planes, adam i want to talk to you because i'm fascinated by the idea of a vertical takeoff and landing electric plane, when can i get into one of those things an american airport i am flying it, i am flying it. >> it's great to be here archer is building electric aircraft in its vertical vehicles traveling 150 miles per hour 60 miles including reserves.

in the technology that we seen this past decade is built and certified with a fully electric aircraft we will be certifying the vehicles and taken them to market at 2024 and it's moved to electric means you can build the vehicles that will be low-cost, safe, noise and easier admissions. stuart: why is an electric plane cheaper to make and build then a jet fuel plane. >> that's a great question and electric allows you to significantly reduce the total number and if we compared it to a helicopter it's a pretty decent size market, there's about 10 - 15000 helicopters in the u.s., and the helicopter replacement cycle, the half a trillion dollar industry when you build electric you can scale down all the electric motors and

allow yourself to put redundancy in these vehicles you have a lot of redundancy built into them, electric also allows you to heavily utilize these vehicles in your maintenance is way lower, fuel cost is way lower and you can utilize the vehicles and drive the cost down on a per trip basis. it allows a vehicle that was historically used for rich people to be affordable to the masses. let's say for example my friend wanted to fly from jfk to manhattan that is typically a trip you would drive that would take you 90 minutes that's a trip you can do in ten minutes that's why i'm excited it's everybody wants access to but historically unaffordable and it could be affordable for everyone. stuart: i find it fascinating i miss the electric car revolution and i will not miss the electric plane revolution, you tell me where are you building these planes. >> were building them in california and this is just an

amazing trend that is taking place, yup battery technology advancing sustainability on the ground and in the air and consumers to accept electric technology, i think if you take a step back and try to understand what is happening is a lot of people that would talk about flying cars, this is crazy, it's actually not crazy we've been working on this technology for a decade and the faa talks about a pretty openly too, you can go online and talkk out jay merkel with these vehicles being certified, you will see these vehicles introduction within the next few years, i think this is all validated when united airlines partnered with aircraft and archer and purchased 200 aircraft with a billion-dollar preorder which they plan to start finding 2024 this is helping people with the trips that were not typically take a lot of time to below admission

or trips that used to be only reserved for people that could take them and helicopters that will now be available to the masses. stuart: fascinating i thought it was a joke, flying taxes but it is not i want to be a customer of years in 2024 i want to be on on this, i'm out of time but it was a pleasure having you on the show, come back and see us again soon. >> absolutely. then we have uber and interesting considering gig work reforms. susan: think of importing proposition 22 over to the uk remember that when they killed the gig economy by offering this olive branch that you can't make these drivers and employees and classified employee because that would kill the industry. stuart: that was prop 22 in california. susan: uber is trying to bring that over by urging lawmakers in the eu policymakers to implement these reforms that will protect

these workers but not classified as employees, you want the hundreds of thousands of drivers to be able to keep their jobs which is what they want anyway the flexible work part-time schedule and be able to make money the move comes ahead of the eu the european commission the end of this month late the groundwork to reclassify the gig workers as employees with salaries, vacation and benefit. stuart: that's at the european union wants to do but the brits may be saying go ahead with your plan. susan: uber is saying instead of giving everybody the benefits because it would kill jobs take over prop 22 which again excludes these drivers. stuart: i think it's a plus for uber in britain. susan: they are helping. parler back up and running for the shutdown over a month can everyone just log on. susan: it looks from parler the launch is intended to bring back online for the current users only in the first week new year's ears can sign up starting

the following week and they have been off-line the platform since january the 11th. stuart: we would love to see them come back, we're going to close out by showing you chicago we usually show you six avenue new york but look at that 9 degrees in chicago which we are showing you now and it is snowing. florida i hope you're watching, we'll be right back. ♪ at fidelity, you get personalized wealth planning and unmatched overall value. together with a dedicated advisor, you'll make a plan that can adjust as your life changes, with access to tax-smart investing strategies that help you keep more of what you earn. and with brokerage accounts, you see what you'll pay before you trade. personalized advice. unmatched value. at fidelity, you can have both. ♪ more than this ♪

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stuart: programing note. please tune into fox business tomorrow, 4:00 eastern time, the debut of "kudlow." larry's new show. he will interview former treasury secretary janet yellen. that will be his first interview since he left the white house. i will join larry on the debut show. 4:00 tomorrow on fox business. susan, favorite story. >> i'm looking for your panel. stuart: i'm not on a panel. >> you, larry kudlow, mnuchin, there is a lot of brain power to talk about economics together. stuart: doesn't she talk good. flattery is really cool. you're going way overboard. i will not be part of the interview with the former treasury secretary, okay? i have will be chatting with larry because i've known him for over 40 years. >> you guys have very good

rapport and good chemistry back and forth. different viewpoints on some things. stuart: not much. fairly free market. open up the states kind of guy. >> you are in? stuart: in the same vein. i think our time is up. see what david asman can do. what have you got, david. david: i congratulate larry kudlow. he is a great guy. welcome to "cavuto: coast to coast." i'm david asman in for neil. happy presidents' day. the markets are closed, news is coming at us fast and furious. an investigation is showing beijing spread misinformation about covid, more than we ever knew it did. how will the u.s. spe