again thanks to my all-star panel. that will do it for us. "varney & co." is up next. i'm going to put it in your capable hands. stuart: flattery gets you everywhere in this business. good morning, jackie. good morning, everyone. i'm going to start with a very good news, what i think is good news on the pandemic, a sharp decline in new cases and deaths. as of yesterday, only 55000 new cases. a month ago it was over 100,000 every day. down a 41% on new cases, over a 14 day period. death down, 994 monday, still a high number, but down 22% and is the first time below 1000 cents last fall. at this moment, the pandemic, in my opinion, is waning and investors aren't taking note with more record highs coming at least at the opening bell.

dow jones, future show a gain of well over 100 points, s&p up about 11 and nasdaq up about 42 points. some are calling this the beginning of a melt up and we will discuss it. janet yellin is helping the market with the treasury secretary wanting the economy to quote a run hot and she welcomes the $1.9 trillion stimulus and whether it leads to inflation or not, investors love the wall of money, up goes stocks. no financial report can exclude a bitcoin report. it briefly hit $50000 a couple of hours ago and now it's 49135. i noticed pot stock, gamestop and others moving up the big story for the country is the deep freeze, millions without power in a texas alone. i think nearly 4 million. wind turbines froze, refineries froze, energy prices spike and this is where the weather meets the green new deal.

this is where you pay the price for the climate dreams of the coastal elites. we have more on that. tuesday, february 16, fat tuesday on the day before lent. no celebrating in new orleans, bars and restaurants are locked it down. "varney & co." is about to begin. ♪♪ stuart: i remember them well, susan doesn't have a clue who they are. that is a rainy new york, by the way and if it were 5 degrees colder we would have 3 feet of snow. let's look at froze in dallas. right now this historic winter storm-- it's about 4 million people just in texas who have no power. here's what happens when you try to do a live interview in the middle

of it. >> on the other hand the most basic responsibility of government you think is to keep the power on when people needed to survive. he is in texas and he has no power. that's being run i think on a generator. she's proving the points we are making. stuart: yes, exactly, tucker, proves the point he was making. states electric grid operators say that wind turbines froze so they produced no juice, no electricity. utilities have to buy fossil fuel where they can find it in the prices spiked. this is a clash between green dreams and deep freeze reality. i think "wall street journal"'s editorial board said it best with headline "a deep green freeze power shortages show the falling of eliminating natural gas and cold".

it's a big story and we will cover it in depth. back to your money as it's looking good this morning, not as good as a few minutes ago, but still on the upside across-the-board. strong futures with the declining virus caseload i think it's helping and janet yellin saying the economy should run hot helps also. look who's back, luke lloyd. do you think this is the beginning at least of a market melt up? >> it's important to look at where we have been to figure out where we are going in there are two main factors to the stock market rally. it's a simple answer, the federal reserve and federal government have driven the market higher through stimulus and liquidity. there's been a 27% increase year-over-year in the money supply in the economy. that money is looking for a place to go. that money will flow into the stock market. we saw a record levels of equity and flow last with cash sitting on the sidelines which means more people buy stocks. i think it's a bullish with these inflows and

melt up is just gave started. remember when people were saying don't bite the federal reserve and the same thing applies for 2021. stuart: at the top of the show i said look, number of new cases way way down. death way down. i made the appeal-- offered the opinion that the pandemic is waning and i would have thought that was a big plus for the market as well. >> that will carry the market higher. if we just open the economy fully backup come all these issues in the economy would resolve themselves and that's ultimate stimulus package. of the government right now thinks putting this money, going good for that the communist not the case. federal government providing stimulus has supported the stock market and the more money in people's pockets means more spending. there's the likelihood of increased spending as well, but i'm worried that the democrats using the pandemic is a scapegoat to provide free handouts for the years to come. if we just opened back up, that's ultimate stimulus package.

stuart: i'm looking at pot stocks this morning up again, the reddit crowd is that work it seems to be with bitcoin up again took it looks a little frothy like the frothy investment frenzy may be returning. do you see that as a danger signal? >> it is a danger for some smaller sectors. it's great again that 70s retell investors are getting involved in learning the ins and outs, buying pot stock in bitcoin, with that said as a long-term investor you have due to an noise and stick with the winners. those winners are sectors had-- sectors like healthcare. they will perform well whether we open back up or not so the story for 2021 is stick with good growing small cap stocks one of those is noyce corporation cayenne making a cue stick components, cell phones, smart speakers and apple is one of the biggest customers and they are in apple air pod so it's a way to-- an example of one of the stocks you

should own. stuart: i hope you don't own that particular stock because-- >> we do. stuart: you took the opportunity to move up your own stock didn't you? thank you. we will see you soon. i want to talk about the earnings we had a couple earnings report out in a couple making waves. would you have? susan: let's have a snack of that later on, cvs is adding to a critically strong earnings season with the demand for covid-19 testing, vaccines and the pharmacy helping the bottom line. palantir was a big disappointment this morning i would say for the data analytics firm surprisingly lost money in the final three months of last year. they were supposed to make money. sales are higher things to new contracts and that includes a new contract. was reading a note from goldman sachs and incredibly impressive earnings season, they call it the second best in 23 years, profit

sales surpassing pre-pandemic levels and it took little more than six months to recover so i call that resilient. stuart: that's the big picture. susan: yes. stuart: best in 20-- susan: second best in 23 years. exceeded already high expectations. stuart: you are the bitcoin expert and i can get touched 50 grand earlier. susan: we were $100 short yesterday and $50 short last night and finally this morning crossing 50000. you know how people like the round numbers so it looks logically important. look, bitcoin is explosive. it's doubled in less than two months, up over 73% for the year that means the value of all bitcoin out there is closing in on a trillion dollars and bitcoin makes up two thirds of the entire cryptocurrency market. we know demand is way up -- outstripping supply demand worth more than

double the number during the same time period and that demand will only go up from here. jp morgan stanley say they are considering buying bitcoin with its 150 billion-dollar investment money, so that's a big deal with tesla buying one and a half billion last weekend bitcoin going mainstream means the price will go higher. stuart: i want to get back-- this is a huge story, texas winter deep-freeze with remarkable pictures. what you are looking at his houston, i think a live shot of houston for doesn't tell the story. it's a freezing cold. lauren, come in please because i want to talk about the giant wind turbines that froze and that's the big reason why the state is subjected now to rolling blackouts; correct? lauren: wind is actually the second most popular power source in texas after natural gas and supplies electricity for a quarter of texans. the turbine blades--

blades can't spin when it's freezing cold and it's so ironic, a jet fueled helicopter is often brought into spray the blades with hot water to deice them so that two-point i'm making is renewable fuel can be unreliable. texas is the energy capital of the country. they can supply themselves right now and we see this story take place in oklahoma as well where wind there has surpassed: is the most use resource and now the oklahoma grid operator is warning rolling blackouts through thursday, the end result of all this is energy costs more money, will whether it's used for fuel or he can natural gas prices are skyrocketing today so oil yesterday touched 60 and natural gas prices have soared. stuart: hold on. when the power goes out, as it has in much of the southland, don't you have a problem with the vaccines because they need to be super cold, don't they?

lauren: yeah, and this actually happened at one storage facility when they lost power in their backup generator so they had about 8500 doses of moderna's vaccine. they were able-- officials thought quickly and they found groups of large people with medical staff on hand to administer the doses, so they got them out to a local jail, hospitals and universities in and they spoke with moderna henry refrigerated the rest, so the doses were saved thanks to quick thinking by texas officials. stuart: thank you. now the governor of new york governor cuomo had to face the controversy over underreported nursing home death. watch this. >> is there anything you personally apologize for >> we did not do a good enough job of providing information and i take response ability for that. the void we created further the confusion.

stuart: he did not apologize. even some democrats are really calling him out this morning. you will hear about it. look at this, the trumpet motorcades greeted by hundreds of cheering fans on presidents' day as they held a rally in mr. trump decided to give them a drive-by. he gave them a thumbs up and there they were cheering, as a new poll shows the majority of republicans support former-- forming a third party. more checkout futures. we are going up at the opening bell with solid gains. more "varney & co." after this. ♪♪

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this headline, my attention, goldman sachs is going to offer investment services to the average person. does not mean that goldman sachs is going to be the new robinhood? susan: something like that. instead of $10 million minimum is now a thousand dollars for average folks so goldman is going mainstream and not just for the superrich. it's a low-cost digital platform that automatically rebalance is your portfolio and it will invest across the stocks and bonds and goldman thinks it will eventually make you money. i know you are going to ask how much it will cost. 35 basis points, so much cheaper than the 1% charge that goldman puts for its high-end of rich clients. that they discount right there and goldman may get in a bit late because there's really other companies in the

wealth management platform-- digital platform and also it's a new day trading stock market and people like to trade their own accounts so it's helped a robinhood and people. stuart: if i get more new goldman accounts, i'm not going to be buying my own stocks, buying and selling. i'm buying into their wealth management crew to write. susan: they say they have strategy and algorithms to make you more money that they charge you 35 basis points. stuart: okay. looking at futures, please. this is tuesday morning right after a three-day weekend and we are going up at the opening bell. peter morici is with us treasury secretary janet yellen says let the economy run hot and they are going to keep printing money. sounds like a recipe for inflation, but my question is how the wind does inflation hit, peter? >> all that money that's been sitting on the sidelines so stimulus

payments that people and then putting in their bank accounts and corporations putting on their balance sheet goes back into consuming when the economy opens up because people want change and there will be capacity constraints on bottleneck peer companies will invest again and we are already starting to see on some consumer products where firms that make soap suds and the rest has pricing power in it will spread throughout the economy and i would say summer, winter we start to see more inflation, but what will be interesting is janet yellin can say they will print more money but the reality is the chairman of the federal reserve won't be able to stop because frankly we have become so addicted to it. we have lots of subprime company so to speak that have been borrowing at low rates. if they raise interest rates they will be a way that bankruptcies and that will take the economy. municipalities are dependent on credit to

get through the pandemic and all of a sudden if rates go up they will be in trouble. very constrained, if you give low peat interest rates long enough it becomes like a heroin addiction. stuart: are you saying we get a ba melt up in stocks in the immediate future? >> yes. stuart: so a melt up in stocks very soon and then inflation arrives and down we go. is that which you are looking at? >> soon as in the summer and right now price earning ratio and s a b on earnings is 40. 25 year moving average is a 25, but if you factor in the expected increase in profits reported, 49.4% year-over-year for the second quarter, that all of a sudden friday's close the cubs 25, right on the mark. the market is already priced in the vaccine recovery so to speak. once we get through that and we start to see the profits reports in july and so forth on the second quarter, when the

economy recovering and inflation out there, where else can you put your money, so it won't just be the fed is printing money, it will be rational investors saying i really have to be in stocks. i wouldn't worry about a bubble, i mean, they can do all they want over at reddit and those daytraders and what have you and they can jack up gamestop and the rest. what really matters are the price-earnings ratio of people like general motors and apple and so forth that really compose the market and eventually one of these days fundamentals will apply to that automobile company in california. tesla. it has great growth prospects. stuart: i'm going to consider selling in mae and going away to use the old adage, maybe to take advantage of melt up and get out before it comes down. thank you for joining us.

i have to get this in, we've been talking about positive news on the vaccine and the pandemic. astrazeneca's vaccine has clearance for emergency use. lauren, does that mean we could now get that vaccine and use it in america? lauren: not necessarily. the world health organization has approved the astrazeneca vaccine, 63% effective vaccine for emergency use which means it can inoculate people most in the developing world. 330 million doses can elect to bat 145 countries starting in february, so this month. the us relies on fda approval. the shot is not approved here. it is in the uk and eu and it is by who, but not the fda. stuart: still good news that we can get more people vaccinated around the world. i see that as a positive. lauren: absolutely.

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stuart: markets have been closed for three days but we are opening up with a solid rally. plenty of green. ed yardeni is with us. treasury secretary says let the economy run hot, federal reserve keeps printing money. good news on the number of new cases of the virus. are we about to see a melt up in the stocks? >> i think we are already in one, but i'm comparing the current situation to 1999 and early 2000. '-- then the nasdaq was up 255% and currently from march 23, low we are up about 100%, so i would say we are halfway through the melt up we had in 1999. stuart: so it continues at least in the immediate future and then what, i mean, does it spike down? >> well, on my screen i keep quotes of all sorts

of markets and i moved the bond yield to the top of my screen. i coined the term bondage idea as they had been buried sense-- by the central bank for quite some time but they may be coming back from the dead. its 1.26% and remember last year the low was 0.5%. i think the fed has been trying hard to keep the yield at around 1%. they are having a harder time because they are starting to worry that inflation may make a comeback in the second year. stuart: so, we go up from here, but then we hit a peak somewhere around summer and come down and a correction, but i noticed you think the s&p hits 4800 by the end of next year, that's a gain of about a thousand points, isn't it? >> look, i think the earnings story is improving. the fourth quarter earnings season is about over and we kind of have recovery with year-over-year basis,

fourth-quarter earnings of last year were basically flat from the year before end of issue i think earnings will be up 25%, so because of all the stimulus, because of the cabin fever that is relieved by people going shopping , because of the vaccines i think earnings story will be strong. 4800 i think is actually a reasonable outlook for the market for the s&p 500 by the end of next year. my concern would be a longer life that if we get 4800 by the summer than a correction or something and then i would be concerned if. stuart: sell in may and go away. i remember that from years back, maybe again this year. ed, thank you for joining us. good analysis. of the opening bell will bring in about 20 odd seconds. as we said at the top of the show, we have a vastly improved pandemic situation. the number of new cases way way down, down over

40%. that's a big improvement. i think that helps the market. janet yellen says let the economy run hot and the fed is going to print a lot of money with a lot of people saying we are in the middle of a melt up, but we are going up. the bellies ringing and it's 9:30 a.m. eastern time on this fat tuesday. good luck to celebrating in new orleans, it's locked down. we are on the upside, 31500 almost 31600 on the dow industrials. up .4%. s&p 500 on the upside again by about one third of 1%, 3948. ed yardeni said it's going to 4800, that would be a big gain and nasdaq up one third of 1% at 14145. big tech, mixed picture, although that, couple up, facebook microsoft down. not that much movement

in the big tech early this morning we saw bitcoin hit $50000 a coin. is rallying. you have been looking at the bitcoin numbers. susan: 50000, lovely rounded number and it's bringing up a lot of these a block chain companies. up some 14% this morning. still higher by double digits. marathon patent another block chain crypto base group you should look at an stocks and company that accepted bitcoin as a payment, also rallying on the back of this bitcoin a surge. we know bitcoin prices have doubled over the past two months. we are about eight weeks in and people say demand far outstripping supply with more adoption, more companies buying in and you can imagine bitcoin prices only go up. stuart: if bitcoin prices go up, the companies that allow you to pay in bitcoin, their stock goes up because they now hold bitcoin as a depreciating asset.

susan: also the fact that block chain is the underlying technology under bitcoin and other cryptocurrency's and the fact that bitcoin-- not just bitcoin, ethereum hitting highs as well, block chain will only stand from here with more people adopt in the use of it and it will help the company's. stuart: paypal as you noticed and have reported, and they are bitcoin using company. susan: early adopters, square as well. up into with these payment companies because they allowed hundreds of millions of accounts to buy, hold ancel bitcoin so so paypal hitting a record high. lifting the price target on paypal this morning to make $345 and paypal said they will double their account in five years to 750 million and jack dorsey's other company, square, we expect results attained at the month and you can imagine because they were the first to jump on the bitcoin trained,

they will do very well for the final three months of last year's. stuart: if bitcoin tumbles badly, does paypal stock tumble? susan: i would imagine so because they have read in this wave on the back of bitcoin record pricing so i would imagine. stuart: lets talk energy prices because of this deep-freeze i know oil is up and gases up, what else? susan: we'll prices first of all let's look at it because they are spiking, highest in a year. it took a year to get back to near $60 a barrel. electricity wholesale pricing surging 10000%. 10000%. stuart: not across the country? susan: in texas. we are talking about $9000 per megawatt hours or prices were $50 before this winter storms a look at that that's appreciation. natural gas up 6%. biggest johnson's the start of this month work board says it not-- has to idle its kansas city

f150 truck plans because there's a natural gas shortage. stuart: i want to see the stock price of genera, that's the generator company. update percent. the stock was at twitter 24 on january 1, of this year and now it's 354. is a cusp-- a test of the you get a natural disaster and we have one in the deep south at the moment, you need a generator or you are working in the dark. susan: some have spikes in stock prices. that's up 8%, is the rolls-royce of power generators. stuart: i have bought one of these things and i'm buying another one. they are expensive, but i think them as the rolls-royce of generators. i will give them a commercial. the stock is up seven and a half percent. i went to segue to amc. it's up this morning. i just want to ask, is that symbolic of a general run-up in those

stocks like gamestop which were heavily shorted earlier implemented and now beginning to go back up. susan: i would say it shows the reddit and wallstreetbets crowd still holds sway in the market. look at campus-- cannabis. amc entertainment down about 50% of the past two weeks. you were up 15% this morning and still up about five and a half percent and amc entertainment did the right thing with gams-- gamestop did not. they raised cash when stock prices hit record levels. given they raise the cash, they may be able to weather the winter. stuart: when or if they do. susan: if they do and we still have the hearing on the 18th with maxine waters and we will hear from the reddit crowd. stuart: that will be virtual hearing.

susan: how often do you hear ken griffin testify? susan: never. they haven't been found guilty of anything yet. stuart: carnaval announced plans to sail again. that's why the stock is up 3%. susan, you got this? susan: yet. stuart: they are saying mean from american, this is foreign. susan: is something that they are still failing. compare that to norwegian that canceled all itineraries to may in the fact you have carnaval restarting cruises and also airlines are up-to-date. i went to show you the rally in airline stocks because cases are down in vaccines are rolling out and maybe there could be better recovery when it comes to travel. stuart: that airline stocks are up this morning. susan: absolutely right. stuart: checking the big board. we are six and half minutes in and we were

up 100 points on the doubt. the 10 year treasury yield inching up. i will leave it at that. 1.26%. it's moving up. checking the price of gold, look at that, the thing is down below $1800 don't tell me cold is an inflation indicator because right now it's not. either that or it's indicating no inflation. susan: i think that's-- bitcoin is the new gold. that's how people hedge against upcoming inflation. stuart: i agree. look at bitcoin right now, hit 50 grand earlier in its 49400 right now. i have to tell you this, 4:00 p.m. eastern this afternoon on this network cut low, his debut show and i will be joining him to have more conversations with him like this. roll tape. >> first of all, stuart, it's always exciting to speak to you, but it's

much more exciting to talk about the blowout in retail sales. stuart: i knew you were going to get into that. you are broadcasting genius because you can convert and interviewed directly the way you wanted to go work i bet he does the same thing this afternoon and by the way he will be joined by former secretary secretary-- treasury secretary steven mnuchin. 4:00 p.m. this afternoon. still ahead, speaker pelosi says there will be a 9/11 type commission to investigate the capital rights. sounds like she can't seem to let go of donald trump even after the second failed impeachment. it's a not so fast-- fat tuesday as new orleans is completely shut down. more in the coming up. it is the documentary a lot of people are talking about including a couple of my daughters, netflix working on its own britney spears film after whose wild success. everyone is talking about us-- talking about

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stuart: thirteen minutes into the trading session and we are up across the board, but no major gains, but i will show you the dow jones winners. here's the best gainers, chevron, dow jones, j.p. morgan chase. s&p big winners, marathon, oil, corning and i see a couple energy stocks they appear i can't read them. susan: that's okay. stuart: there is a-- not a price war, look, a lot of the streaming companies are raising their prices. that's not a price war, so susan, tell us which

ones are upping the price. susan: netflix has to be the biggest one since we have over 200 million subscribers and that should top that number by the in the month. also disney plus reporting they have 95 million subscribers now just in the first 10 months of operation. if you look at the pricing, netflix, this is the most popular package around $18 with prime video at amazon, $13 and disney plus sitting at $7, but most analysts expect the price to go up at some point possibly this year netflix raising prices about every two years and when you bring in higher revenue, higher cells that will help the bottom line and they are spending more on content. is the content more. how about that. you have to pay up for a time now content to get people to sign up and we know netflix has been spending about $14 billion, that cost or should go up as well along with the price of the package. stuart: i just did the math looking at the new prices for those of streamers and you add them up and it would cost me $67 a month to get all of the

streaming. susan: analysts say the average folk, i'm not sure you are an average person but you usually get about three or four streaming services and also cord cutting with hulu in a live tv package. stuart: mark randall is with us and he's the cofounder of netflix. we just laid out these price increases. i can't see people going out and buying every single streaming service , so will we start getting weekend dropping a few here and there? >> stuart, it will be interesting because the data i have seen says that average americans now do almost a seven services, so it's actually slightly up. i'm not surprised to see what's happening with prices, i mean, i have been in the subscription business board nearly 40 years and it's a pretty simple formula work number one you have to find subscribers and you have to keep your

subscribers and it turns out, no surprise, that lowering in pricing is a compelling way to achieve both of those. but, of course you have to make money at it. there's the rub. so we will see these companies lowering prices coming out with free offers, extending their promos and it will allow them to grow and allow them to hold on at least for the short term, that eventually they have to pay for that content and you are seen in the number's. we were incredibly impressed i think with how well do doing. it's going north of 95 million subscribers but it comes at a cost with the average revenue per user has dropped from around 550 to barely above $4 whereas netflix has about a 10-dollar average monthly revenue per user and i think everyone will struggle with that. as you mentioned, there's a lot of content coming as someone has to pay for that.

stuart: lets talk about the content coming. britney spears. hulu did well with their "framing britney spears" here comes netflix with their own version why are we so obsessed with britney spears? >> stuart, i was hoping you could explain that to me. listen, i have a confession to the average american watches something like seven hours of tv a day and the confession is the guy who started netflix, i'm not holding up my end. i'm doing a lot less than that. i guess with these huge streaming budgets i think this year netflix is a spending budget will exceed the gross domestic product of iceland they need something to spend it on and i guess britney is up. it is on my list, but i think it's slated in for 2028. stuart: i didn't realize it was way down the road. >> no, no i'm saying on

my watchlist. stuart: i just want to make the point, i watch a lot of netflix and i'm impressed with the quality. the stuff they are putting out his high-quality. i watch it, i mean, the vast selection, but what i watch i like because of the quality, its way up there in the stock is holding nicely. i have to leave it there, my frayed. coming up on a break. mark, we will see you soon. never explained why britney spears is so important. elon musk invited russia's president vladimir putin to have a conversation on clubhouse, that's a nap and how that-- has the kremlin responded? susan: they said the invitation is interesting in their words, but more details are needed and the spokesperson says we have to figure it out vladimir putin doesn't usually directly deal on social media even if it is the ceo elon musk and the richest man on the planet.

we know he tweeted that president vladimir putin this weekend asking him to join him for conversation on clubhouse, which is an audio only that's really popular in silicon valley. he goes onto say in russian that it would be a great honor to speak with you. stuart: elon musk has no fear. he would ask anyone anything and i think that's a danger signal to the kremlin. susan: he's not the richest man on the planet for nothing and he probably wants to talk about a lot of things including technology, rockets, space x, but i'm so impressed, you know who britney spears is first of all that was impressive and also you know what clubhouse is spirit that's a very young, hip, audio only like a live stream podcast. stuart: i read the prompter, susan. listen to this, the woke crowd successfully sidelined bachelor host chris harrison. he is gone.

joe concha on that and that's not all, the woke academics refusing to teach shakespeare. wait till we explain that. "varney & co." rolls on. ♪♪

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to work backwards to see what that addressable market is and then what the company operational approaches to the market. stuart: so, which pot stocks have you invested in? >> i think we gave you a list of tickers, but the list is now large it would be hard to go through in one small segment, but a few companies we love that are treated our prisco labs which we previously sold the need to in the york. fiorillo, which is a multistate operator as well that we think is one of the more medically focused companies and we believe the upside in the medical market for cannabis is a muslim is that right now given research isn't even really available in the us to look into the pharmaceutical properties of the plant. at those are two but the list of public companies that we are involved with is more than 10, i think.

stuart: mensch, and sorry to cut it short but we have three of your pot stock picks on the screen. thank you. we appreciate it. see you soon. coming up to the top of the hour we have a big showing for you. bill mcgurn, will kane, joe concha, second hour of "varney & co." is next. ♪♪ just over a year ago, i was drowning in credit card debt. sofi helped me pay off twenty-three thousand dollars of credit card debt. they helped me consolidate all of that into one low monthly payment. they make you feel like it's an honor for them to help you out. i went from sleepless nights

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♪. stuart: where is that? i'm seeing picture rather nice place. where is that? has to be someplace in florida. central park. susan: nice place. stuart: it is a nice place. i just mistook it. it looks like it is sunny and pleasant. it is freezing cold by the way. susan: seems. stuart: good morning, everybody. 10:00 on the east coast. check those markets, we are up pretty much across the board but not by much. there has been some talk of a start of a melt-up this morning. doesn't look like quite a meltup. we are close to record highs. the covid picture looking a lot

better. that may have something to do with the market's rally. new cases down 41%. deaths down 22%. looks like the pandemic is waning. we better show you fort worth, texas. that is this morning. look at that! freezing cold. the deep freeze affecting millions of people in that state. we have a lot more for out on the deep freeze down south. now this. really our heart goes out to the people of texas, all those caught in this deep freeze, being without power, water, heat, in frigid conditions. it is no fun. it can be deadly. take a closer look what is happening though. texas gets a lot of electricity from wind. this week the turbines started to freeze, drastically cutting the supply of juice, electricity. the utilities had to ration power with rolling blackouts. they had to buy fossil fuels at any price to keep the old line

power plants going. the price of natural gas, 300, 400% in some cases. at the same time refineries started to freeze and that too cut the supply of electricity. less juice. spiking energy prices, four million in the dark in texas alone. that is a dreadful situation but set this, in the context of climate policy. you can see the problems. nat-gas is a fossil fuel. the greens don't like it. so they kill pipelines and stop drilling. in other words the flyover folks are now literally paying the price for the coastal elites who are saving the planet. here is another lesson. when the sun doesn't shine, the wind doesn't blow, the power does not flow. when the turbines freeze, you get no power at all, yet the greens demand that utilities across the country get many solve their power from renewables. they don't care if you freeze. they're above it all, saving the planet on your back. the deep freeze highlights what

amounts to an energy crisis. we're cutting the supply of fossil fuels. pretending renewables will fill the gap. clearly that is not working. but it is not going to change. bernie sanders and aoc would be apoplectic if the president backed off even a smidgen. which means you pay. you get blocked out. you have to buy a generator. you have to freeze in the dark. you lose your job. that is quite a price to pay for the green dreams of the elites, wouldn't you say? the second hour of "varney & company" is about to begin. ♪. stuart: he's back. scott shellady, cow jacket guy. i don't know why you're smiling because i am royally annoyed what is going on. the elites versus rest of us. we pay. we lose our jobs. it makes me sick. you want to add to that, scott?

>> i will. stuart, you know that solar and wind account for less than 4% of our total energy. so i don't know how anybody thinks coastal elites how we're going, we can last without having our regular coal and nat-gas. 4%, i mean why do we have to be one or the other? why do we have to cancel the keystone in aid of wind and solar. why can't we do them in parallel, save 11,000 jobs with all the communities up and down the pipeline. it doesn't make sense to me. it is more of this utter hypocrisy, it is verging on garbage, right? you mentioned pandemic numbers coming down. at the same time fauci is talking about two masks. now they're doing this right in front of our faces asking us not to believe what we see and hear. we're not supposed to be believe and see and hear about the deaths in nursing homes and new york. how about this? gavin newsom getting 1.5 million

signatures for a recall and they're going to go over those signatures with a fine-tooth comb. i hope they go over them as well as they did the signatures on mail-in ballots in california too. so now we can't fly from state to state without a vaccination card but we can vote without an i.d. card. we're getting played to such a massive level here. americans are like frogs in warm water, they're turning up the heat and we're not jumping out. we got to call an end to it all, stand up for ourselves, we've given away all of our rights in the name of safety. stuart: unlock, for heaven's sake. stop these restrictions on everyday lives on our freedom. can we put up the graphic again, showing number of new cases way down. there you go, 41% decline in new cases in the 14-day change. 22% decline in new deaths. if ever there was a time for a brave politician to stand up and say, come on, boys, unlock, get

on with it. now's the time, isn't it, scott? >> stuart. 100% correct. we don't have the money. we're bankrupting my great-great granchildren as we speak. we just don't have the money. open up, that's the problem. again our elites are telling us to wear a second and maybe a third mask. at the same time we have states lifting their mask mandates. utter hypocrisy is now verging on total garbage. america just doesn't like getting played. they will trust the people, our leaders until a point where they can see this isn't working out. you need, have to have a vaccine i.d. maybe to fly from state to state but you don't need one to vote? or gavin newsom going over all the signatures because they're calling for his head, but when it came to the voting for absentee ballots they don't care if there is a signature or not. this has gotten to such a point, you have to stand up or they will take everything away. i don't have a tinfoil hat on, right?

i'm not a crazy person. stuart: you're not. >> this is leading down a road i don't want to go. we started with 15 days to stop the spread it turned into stay at home until you accept communism. stuart: that is an excellent outcue, scott. that is really live one. that will live forever on videotape. we'll replay that forever. you're all right, scott, calm down. relax lad. we'll be all right. >> see ya. stuart: there is this. this will get you going. speaker pelosi wants a 9/11 style commission to look in on the capitol hill riots on january 6th. bill mcgurn, "wall street journal" guy. speaker pelosi can't move on, can she? why do you think she is doing this, bill? >> no. very simple. i think she thinks it is good politically. the commission would keep donald trump around as bogeyman for the next two years. allow her to tag any pro-trump supporter as a white supremacist

or insurrectionist and so forth. this would not be like the 9/11 commission. the 9/11 commission was relatively bipartisan and so forth. also speaker pelosi in her impeachment of president, showed no interest getting into the facts. they impeached without a hearing without calling any witnesses. let law enforcement do their job. they arrested a incredible number of people seems to me. let's see what they do. we don't need this politicized further. stuart: what do you make of this sharp decline in pandemic new cases and deaths and the demand to open up because, especially the schools because we're coming out of this pandemic? it is time to get things moving again. what do you make of that? >> well specifically on the schools i think there is very little reason to shut them down in the first place. again, i have written about the catholic schools that have far fewer resources, and they have done a pretty good job of

remaining open wherever they are. my daughter's in one, goes to school. so you know, again so much of this has been politicized and i think you would agree with me the real stimulus for the economy is ending these lockdowns and letting people get back to their jobs, back to work. that's what will take the economy out. stuart: i would like to see signs that the big democrat-run states are indeed about to open up. i don't see those signs. wish i did. bill mcgurn, thanks for being with us. appreciate it always. thank you, sir. take a look at the market overall. four stocks own the screen this morning hit all-time highs. looking at microsoft, jpmorgan, goldman, caterpillar, you got some other big movers i think? susan: lifted price target on microsoft to $300. dan istles. stuart: why didn't i report that? susan: look at amc. there are other stock movers for you. amc most heavily traded stock on

the new york stock exchange this morning. it shows the reddit brigade still has a lot of influence up there. amc did the right thing. maybe gamestop didn't. they actually raised cash when the stock spiked. palantir, analytics firm credited with finding osama bin laden, surprisingly losing mon very last three years. sales higher thanks with contracts with the fda and uk and alike. cvs adding to strong earnings. covid vaccines and testing lifting bottom line. goldman sachs says it is the best earnings season in 23 years. stuart: cvs down 3%. what happened. susan: turned around. they had had the earnings call from what i recall the bottom line looked pretty good. i will look into it. stuart: i interrupted you. i shouldn't have done that. overall, profits up 23%?

susan: no. second best earnings season in 23 years. this is already high expectation plan. people usually exceed. that is be ally the game. zoom, speaking of high expectations they will announce earnings early in more. this covid environment made it a zoom world. stuart: zoom at 447. sales force at 246. rallies. okay. back in the news again, susan. bitcoin hit 50 grand earlier. 49,600. susan: 50 bucks last night. how hard was it to cross 50,000 this morning? bid coin doubled in the last two months. up 70% for the year. only eight weeks in. value of bitcoin closing in on a trillion dollars. bitcoin makes up 2/3 of the entire crypto market. demand outweighing supply. demand is doubling supply over the last six months. stuart: i think i understand

that. bitcoin miners are doing well. susan: the demand is much higher than supply, prices spike, right? >> i got that. susan: that is why it is at 50,000. i want to show you plays on the bitcoin. overstock accepts bitcoin payments. blockchain company on your screen. stuart: if you accept bit cain payment as overstock does you hold bitcoin, your stock goes up? susan: right. if you allow exchange, there is a lot more popularity and usage, right? paypal square. stuart: got it. this is another one for you. you're hogging the show here, susan. texas drivers in texas hit hard by winter weather. i understand that. susan: they can't charge their cars. wholesale electricity prices spiked 10,000%, i said that right, 10,000%. stuart: in some parts. susan: in some parts. texas hub. that is $9,000 per megawatt hour. you do the math. how much will it cosco charge your tesla car if it cost $90,000 per megawatt hour?

stuart: a lot. susan: you want to do that? you can't get access to electricity anyway. stuart: at this point you have no chills. unless you get get a generac generator. susan: if you plug into the wall, six or nine hours. that is a lot of money. stuart: susan, you've been preemed by the prompter. "the bachelor" host chris harrison stepping aside after speaking out against cancel culture. watch this. >> we all need to understand having a little grace, understanding compassion, i seen this on line, judge, jury executioner thing where people are tearing this girl's life apart. stuart: he is out. the woke crowd takes out another one. we got it. startup company called getaway, cashing in on the tiny house trend. by the way they have raised $41 million in funding too. i've got the ceo on the show. i want to learn more about these

tiny getaway. more businesses fleeing seattle because of crime and violence. seattle radio host jason rantz says the city is now on life-support. jason rantz is next. ♪. ♪♪ ♪♪ ♪♪ it's not “pretty good or nothing.” it's not “acceptable or nothing.” and it's definitely not “close enough or nothing.”

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stuart: it's a very modest rally. hardly a meltup as some called it earlier but we're on the upside. the dow is at 31,500. i want to see generac again, these are the generator people. i call them the catastrophe stock. when you have a natural disaster, you are without power, you have have generator.

generac is the rolls-royce of generators. 351 for generac. they were 224 on new year's day. antifa make as block to block seattle police. they created a big snow barrier to block the cops. do we know anything about this, ashley? good morning towing you. >> how about moronic, pa threat thick they apply to this story. a number of video posting on instagram, a snow barrier. it was built by protesters outside of the seattle pd east pre-sent in a video circulating a police vehicle is seen rolling backwards attempting to drive over that barrier while protesters cheered. the video poster says antifa blocked the exit to try to stop police from responding to emergency calls. what the heck. after few scuffles and thrown

snowballs, the barrier was eventually dug out. pathetic. stuart: well-said, ashley. well-said. nothing wrong with a word like that. absolutely pathetic, moronic, lad. look at this headline, washington state funneled federal covid relief to radical political groups all based on race. the author of that is jason rantz. and jason rantz joins us now. tell me more what you found out about, jason. >> $12 million were put into the washington equity relief fund t was set up by the state of washington t was set up with cares act funds. these are federal tax dollars. now non-profits were selected to get this funding because they are dealing with the covid crisis like so many other businesses are. obviously non-profits are running on really low budgets but the way for them to qualify, only if they are led by people of color and serve communities of color. stuart: what? >> so already this means, let's

say you are a non-profit that serves the homeless community in spokane or seattle and run by white women. you wouldn't qualify for any assistance. now to dole out the funding you would first have to go through reviewers would go over applications. reviewers themselves were selected on the basis of their race. ironically they have to go through antibias training. when i looked at actual list of organizations getting funding i noticed a common theme of some political groups getting it. not necessarily based on need but based on their politics. one of them jumped out to me was the bail project of spokane. now i looked at all the documents at the department commerce sent over by washington state. at no point does it indicate this organization asked for funding based on covid need. only thing it said in there, it was labeled a smart start up program which it is not. it is based off a national organization. this is just a regional office

that has the budget in millions of dollars but looking at the justification document, it talked all about the politics behind it. this is an organization that wants to get rid of cash bail. this group puts your tax dollars at this point now into bailing criminals out of prison and in many cases they end up reoffending. this was not the only one. stuart: just tying themselves in knots with these endless contradictions here. i'm interested in seattle itself, not just washington state but seattle itself. you have a bad situation there. are companies leaving, can you tell me? >> yes, 100% are leaving. you have last year into this year at least 160 businesses in downtown seattle alone that decided to close up shop permanently. some of them are leaving the state. some of them are leaving the city. the most recent one is tr international. it's a global chemical distributor.

they have been in downtown seattle for two decades. they decided to go to edmunds, which is 15, 20 minutes, north of seattle. they did it for the safety of their employees. they had staff members who were getting chased by violent homeless people. they had some folks who had their cars getting broken into. of course they had business people who were visiting for meetings who had to run around human waste on sidewalks and homeless people hanging out on street corners. the position that seattle has put business people in and residents in is untenable. you have a 12% office vacancy rate in downtown seattle. that is supposedly thriving city. that is an unheard number for a city like seattle. stuart: you've become our seattle reporter and we appreciate it. jason rantz, come back to see us soon. >> thanks, stuart. stuart: programing note, interesting, today, 4:00 p.m. eastern, kudlow, debuts.

that's larry kudlow's new show. i've known him 40 years both off and on the air. roll a little tape please. >> were you getting time cues as well as me, wrap, wrap? i was -- >> i can feel it. i have been in the business. i have can feel it coming. stuart: remember it well. you're a former journalist. you buried the lead until the last second of the interview. i'm surpriseds larry. >> i wanted to keep you on the edge of your seat. stuart: by the way larry will interview former treasury secretary steve mnuchin. i will be one of his guests as well. for p.m. eastern on fox business. will you watch? susan: two broadcasting professionals, economist brains. that will be exciting. do you think there will be some fireworks? stuart: there will be some humor. i tend to agree with the man. he is a great guy. it will be interesting. put it like that. susan: your panel as we call it?

stuart: it is not a panel. susan: trigger word for stu. i think it will be interesting to see what he has to say after he leaves the administration, what he sees for this upcoming, especially this 1.9 trillion relief package. stuart: 4:00 this afternoon, eastern time, got to be there. must see viewing. how about this one? new pandemic dating term you have not heard of, fauciian. florida off the charts. it is unbelievable. florida guy mitch roschelle reports from the sunshine state next. ♪

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♪. stuart: all right, those markets still in the green. the dow is up 120. show me walmart. this is related to the deep freeze. they have announced a temporary closure of over 600 stores from oregon all the way to florida, yeah, because of the winter storms. walmart shutting 600 of them down. all right. look who is here. mitch roschelle is with us. mitch roschelle is a florida guy. he is in florida right now.

he is a real estate guy and i want a report on florida real estate. i know for a fact it is incredible. lay it on thick, mitch. >> it's on fire, stu. so when i first started looking to buy in florida about nine months ago there were maybe 50 houses in the community i was thinking about. now there is two or three. that is how much it dropped. in fact talking to certain brokers, compass, one of the biggest firms, they're reporting as much as 50% year-over-year decline in listings. people are not putting houses on the market for sale. everybody wants to buy them. so the second they hit the market they're getting gobbled in my 30 years in the business, i never seen the market this red hot. stuart: what happens though? if there is nothing for sale, there is massive demand. i can see the price going up but what else happens? does the real estate market, not

cool down, go on a pause for a while? >> you know i think that is exactly right, stu. it does pause. i wouldn't say it cools. that would suggest prices would fall. prices are not going to fall when demand is this strong. people give up. they throw their hands up. say i will rent. hotels are jam-packed. a little too jam-packed for some people, hotels are jam-packed. rentals are very hard to find. people are finding a way to check it out down here, spend the winter. and not buy. but i suspect that this sort of rally if you will in florida real estate has legs to it. stuart: i'm going to repeat what has been said to me many, many times. if you're in florida, you're having people come down from new york, new jersey, and illinois, i hear them saying, don't bring your politics with with you. have you heard that? >> what is interesting the conversations in the elevator in the place that i'm staying here.

yes. there is a lot of talk about whether or not a red state will turn purple. what is very interesting about it, how well florida is doing, how well florida is coping with covid not seeing a spike in cases. i think it is turning people's views who felt a little restricted up in the northeast, they're starting to think, maybe there is something to the politics down here. stuart: i want to get this in, is there a problem with home appraisals when the price of a home is going up rapidly? spell it out please, mitch? >> it is a technical thing. when you borrow money the bank does appraisal. appraisals are a bit after lagging tool. they don't keep up with the market. they are finding the appraisal the bank orders is less than the what they paid for the house. my tip for homebuyers, put something in the contract, if appraisal too low, get a purchase price adjustment or some other accommodation.

it is not widely reported in the media. you heard it hear first. i'm hearing it from brokers a lot of people deals are falling apart because of appraisals f you are looking for a deal watch out. stuart: we have a big audience for florida. they're avid for details on the real estate market. mitch roschelle, you're in clover. >> good to see you, stu. stuart: the white house is extending the moratorium on foreclosures. lauren, when will it now expire. lauren: three month extension. president biden extending the window to request mortgage forbearance until june 30th. a quarter of homeowners with a government-backed mortgage, they paused or reduces monthly payments. they can continue to do that. how much the white house has not extended the eviction moratorium for renters just yet but some relief for other homeowners out

there, forbearance requests as well as foreclosures. stuart: that is a little relief for the landlords if the renters for closure barrier is not extended. lauren: yeah. they could try to get something. stuart: moving sagely here. all right, dow industrials now up 150 points. how about that? and goldman sachs has good news on this earnings season. what is it? susan: the fact it has been the second best, second best in 23 years because of the fact if you look at 65% of the s&p firms that have reported so far they have blown away already high expectations on the markets. i should also point out that goldman sachs raised guidance for year-end forecasts for the s&p 500. they say we'll get to 4300 for the s&p 500 that means we're up close to 9 1/2% from the record close last week. isn't that incredible? stuart: i will say it is incredible. susan: from here. from record levels. stuart: from here?

susan: yes, that's right. 4300. stuart: thanks, susan. all good stuff. thank you. liberal haven, putting it mildly, uc berkeley, requires its on campus students to quote, self-sequester. some say it is more like a prison than a college. we have a berkeley student speaking out with us today. are you looking to escape the big city and try tiny living? you're not alone. bookings up 150% on getaway. that is a new startup company that rents out really tiny cabins. i'm talking to the ceo after this. ♪.

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♪. stuart: still holding on to that rally. actually the dow is doing okay.

up 150 points. now this. luxury home sales are surging in florida. we've been telling you that. the carolina panthers owner, david tepper, a financialfy as well, he is reportedly in a contract situation to buy a palm beach mansion. not cheap, is it ash? ashley: it is not. a mere $73 million, stu. it is unclear whether the new jersey billionaire hedge fund manager will make it his full-time residence. that is quite nice, isn't it. he has been down this road before. back in 2016 tepper moved his home and business in florida, creating a budget crisis in new jersey because of the lost tax revenue. shows you how much he gets taxed. four years later, new jersey lawmakers, announced guess what, he has returned or has he? meantime luxury home sales in palm beach, to tax weary northeasterners continuing to surge. a former property owned by one and only donald trump has been

sold to a new yorker for $140 million. palm beach has become hamptons south. stuart: i told you it was a hot market down there you know that for a fact, ashley. ashley: yes, i do. stuart: there is a startup company, it is called getaway and they make very small cabins and then they rent them out. john staff is the ceo of getaway and he joins you now. john, i'm intrigued. i have a lot of rapid fire questions. let's go. what is the demand for these little cabins, tell me? >> say that again? stuart: what, has the demand for your small cabins has it gone up during the pandemic? >> it has gone up incredibly with all due respect with all the pain in the world. historically we're 90% occupied. we're 99, even 99 1/2% occupied at our 13 locations all around the country. so it has been a little wild. stuart: okay. where are your, i believe you

can move these little cabins, little houses anywhere people want them. so where are they putting them? in the woods or in their backyard in the suburbs? >> yeah. we actually set them up for you. they're always about two hours outside of major cities. we're outside of new york, boston, d.c., atlanta, dallas, austin, houston, seattle, l.a. you drive two hours for them. they are set up for you. check yourself in. you have your own key code. you enter. a big window only looks into nature. comfortable bed, a kitchenette. you have a cooking area over the fire pit. you can make shores, meal. you don't have to do anything besides get yourself there. when you do, there is no wi-fi. there is a cell phone lockbox so you can escape the city, escape technology, escape work. just get away, ideally doing in. stuart: what is the square footage? >> these cabins are about the 136 square feet each. stuart: that is not much.

>> four person cabin. stuart: that is a little box, that is what it really is. what would you charge me for example, for a tiny, 150 square foot cabin, 100 miles outside of new york city? what's the rent? >> yeah. it starts at $99 t can go up into 299 depending on the market and day of the week. stuart: a day or a month? >> per night. stuart: 99 bucks a night? oh, so you're not setting up like an office in your backyard? this is really a getaway? that is what it's all about? >> you got it. it is all about get away from the stress of work, the stress of the city, the stress of life. the stress of pandemic. sit down with your partner, your kid, your loved one, yourself, in your own thoughts. really get away from it all if just for a night or two. stuart: are you going to go public? >> maybe some day we'll see. right now we're focused on getting these to more folks. we're sold out. it is about how we ease the

supply constraints, getting them open and getting to more folks. stuart: where do you build them? >> we build the outposts we call them. we have cabin builders that design the cabins to our special equation specifications all over the country. they're built in prefabricated warehouses and trucked to the sites. stuart: this is in america. >> right. stuart: largely in america. transport them to where they're wanted, rent them out. you have got a getaway. john, that is extraordinary. i have always thought about, i have, i have got sizable chunk of property in the woods. i always thought about building a little cabin right in the middle of the woods. i might come to you. >> let's do that. stuart: thanks for joining us. we'll see you again soon. >> thank you. stuart: sure thing. cabin in the woods. not bad. susan: little red riding hood come along? stuart: if you're not careful. cancel culture strikes again. the woke successfully sidelines "the bachelor" host chris

harrison. what a story. speaking of cancellation, some teachers are calling for shakespeare to be purged from the curriculum, because of, white supremacy of course. we've got that story too. ♪. at t-mobile, we have a plan built just for customers 55 and up. saving 50% vs. other carriers with 2 unlimited lines for less than $30 each. call 1-800-t-mobile or go to t-mobile.com/55.

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♪. stuart: check that market. holding on to the gains, almost. well the dow is now up only 100 points t had been up more than that earlier. 70 points actually, a quarter of 1%. all right, elon musk invited putin to have a conversation on clubhouse. that is an app for audio only conversation, i think it is. susan: like a live podcast. that is what clubhouse does. audio chat. stuart: wait a minute, doesn't clubhouse have ties to china? susan: the shanghai based company agor, make engagement software. they provide the back end for clubhouse. there are concerns that this back end engagement software maker is actually keeping some of these clubhouse audio files and audio conversations. they're supposed to be erasable. means it doesn't retain after it

has been broadcast live on the happ itself. so they have concerns, is this being heard and fed back to beijing? that's the big concern right now. we know that china has now blocked clubhouse. it was interesting, because clubhouse was actually unfettered. it was one of the rare u.s. social media companies allowed to operate and was operating in china up until last week, when china and beijing stepped in after their discussions about tianamen square, hong kong and all these, shall we say controversial topics that the chinese authorities probably don't want proliferating in china itself. stuart: that is the problem. got it. susan: this is new technology. clubhouse is new uncorn. worth over a billion dollars. everybody is on it in silicon valley. mark zuckerberg, elon musk inviting putin to join. kanye west. stuart: wonder if anybody in silicon valley talks about china and what they are doing in china on clubhouse? i suspect not. susan: they probably will on clubhouse because it is private. right now select company only

that can join and listen. maybe in a more public arena, i'm not sure. stuart: they wouldn't let chinese people not be allowed to listen on clubhouse if they're discussing tianamen square and the uyghurs. they're out. susan: out of china. stuart: what silicon valley will make of that. probably nothing. university of california, berkeley lifting this, is news, lifting the self-sequester requirement for some residents halls. it started today. lifted it today for some. ashley is a, are you berkeley student? i think you are, right? >> i am, yes, sir. stuart: now, i understand this self-sequestering thing was really draconian. kids couldn't go out even for fresh air or exercise. so why has it been lifted? >> so uc berkeley has provided an update stating the self-sequester period was lifted because covid cases have been decreasing but the outdoor ban on exercise they came up with anything but egregious.

students couldn't go outside for a walk. i think what we're seeing this is major overreach of power by the uc berkeley officials looking to control these students, these restrictions and these decisions in no way benefited students. they were not supported by science. the bottom line here is that colleges an universities do not have the authority to control students and their private lives but unfortunately we have seen this, leadership institute campus reforms has reported on many colleges across the country who in fact have sim larp guide lines in place. stuart: did they lift the restrictions because students really objected or threatened a constitutional court case? did they see the error of their ways? are students finally starting to talk in terms of individual liberty and freedom? can we hope for that? >> yes. to my knowledge they rescinded it because of public backlash, especially because of the outdoor exercise ban but students are currently furious that they have, they have had to

pay between 16 and $19,000 in room and board to be treated like a prisoner and have their individual freedoms taken away. like i said, these decisions are being made by university officials who do not have to abide by the same guidelines. we've seen this before, rules for thee but not for me. at the end of the day the officials can go home and go to the grocery store which is something that students at uc berkeley could not even do. stuart: i'm almost laughing at that. that is laughable but it's reality too, quickly, ashley, i understand that some teachers are going to ban shakespeare, ban shakespeare from the curriculum. they say it is about white supremacy. give me a reaction to that, please. >> yeah. so currently the question shakespeare quote to be or not to be is in play. the college campuses. they don't want to read shakespeare, don't want to discuss him. unfortunately these kind of

stories don't surprise plea any more, stuart. the campus reform for years universities ban or censor historical figures because they make people uncomfortable. the campuses are not fostering a discussion of open-mindedness. we've seen countless times the left trying to destroy or cancel people because they don't agree with the same things they do. the these college students are unfortunately taking the mind-set with them into the workplace, learning that by not having any open discussions or conversations that's okay and it us absolutely not. stuart: 1963, the berkeley free speech movement led by the late and great mario savio. my goodness me, you need him now. ashley, thanks for being with us. see you soon. >> thanks so much for having me. stuart: sure thing. guess what, it is fat tuesday.

so we thought we would give you a live look at bourbon street in new orleans courtesy of earth cam. the bars are completely closed. have you been to mardi gras. susan: fat tuesday doesn't sound that attractive. in mardi gras, new orleans, people are making homes into the floats. they don't have the traditional parade this year. isn't that nice? stuart: fat tuesday is the day before lent. you're supposed to give up something you like for a month. susan: what are you giving up this year. stuart: i'm a episcopalian. we don't necessarily recognize lent. i'm not catholic. susan: that is way to get around it. nothing so give up for you then. stuart: diplomatic answer. susan: not for me. maybe for you. stuart: there is an expression there and i've lost it. bilge hour still ahead, wait for it, will cain, joe concha, tomi lahren, larry elder. plus speaker pelosi demand as 9/11 style investigation into the capitol hill riots. i will analyze that coming up

next. ♪.

..

change these kinds of inflows, when people say don't fight the federal reserve the same applies to 2021. >> comparing the current situation to 1999, they are starting to worry inflation might make a comeback the second half of the year. >> summer, fall, winter, we start to see more inflation. if he raises interest rates, a wave of vacancies. >> a total garbage, 15 days to stop the spread has turned into stay home until you accept communism. ♪♪ stuart: shake it up, taylor swift, pretty good voice.

>> you knew that. stuart: even before you saw me. it is 11:00 on the east coast, february 16th, the nasdaq is up 20 and the s&p shows small gain of 5 points. now this. speaker oc demands a 911 investigation, the target donald j trump. inflation -- impeachment is over but the speaker cannot move on, she detest the former president, she loathes him, she wants to unify democrats around her contempt for the man. what she cannot do is wipe out the success of mister trump's policies and that is her problem. try as she might the speaker cannot eradicate the memory of an economy that was truly booming.

and historic income gains for the lowest paid, energy, supreme court that actually respects the constitution is written, accountability for china, peace sign at the white house between israel and three arab states. a long list of things decent people should forget. the biden administration determined to reverse all of this and the speaker has to support that reversal, if she wants to bury trump's success, layer upon layer of contempt for the man. speaker pelosi pissed make the case that taxing business makes the economy grow and taxing the rich will enrich the poor, killing fossil fuels is a wonderful thing, open borders are great, schools should stay

closed until the teachers union says it is safe, badly run states should be bailed out by will run state. it is going to be an uphill struggle, heavy lift. the speaker needs a distraction as she finishes by endlessly hounding the former president. i don't think it will work, won't be long before we look back with nostalgia at those successful trump policies which benefited everyone. the third hour of "varney and company" is about to begin. most important story for tens of millions of people, the winter storm creating serious, dangerous conditions in texas and left 4 million people to date without power. will kane is with us, texas guy, give us a report what you are seeing now? >> i will give you a report live on the ground, are we sure

the studio has power, 4 million businesses and homes are without power today, the dallas-fort worth area the numbers 1.2 million. the whole state is below freezing all the way to mexico, to monterrey, mexico, temperatures below 32 degrees, south padre island, 34, the one spot on the map, and it is below 0, negative to this morning. this is a business channel, what that translates into and you are seeing this is a massive demand on the electrical system, the power grid taxed to its end, the roads are full of ice, snow piling up, and it is cold, very very cold. stuart: green energy especially wins power did not work but turbines froze, utilities have

to buy it from somewhere else, prices spike, a real test of green energy in the state of texas, isn't it? >> it is. i'm not energy expert, sibley someone living through this like so many other texans. i talked to as many people as i can in the last couple hours since yesterday. 50% of people i know lost power are weathering the storm, with wood in the fireplace, checking into hotels but still have power. wind failed, green energy, wind power is not reliable, that is a fact, not something you can count on in emergencies but this is driven largely by the failure of natural gas and the delivery system, natural gas pipelines freezing in texas, demand again is at record levels like once in a century type levels. in texas storage capacity and electrical plants is not there

to be there in case of natural gas not being delivered for natural mechanisms or market mechanisms, green energy was not capable of delivering but we are looking at failure of preparation when it comes to fossil fuels in the system as well. stuart: well said. we wish you and all the good people of texas, many of them are viewers of this program, come back and watch us, thank you for being here. back to the markets, beatty on the dow, plenty of green on the side of the screen, john layfield, we have covid cases way down, janet yellen saying that the economy run hot. the federal reserve board saying we are going to print a ton of money. are we setting up here a market melt up? i don't think we are seeing it today but are we setting one up?

>> you always have bubbles and extensions when you have a long bull market a year ago, talking virgin galactic which is gone extended, seeing the same thing in the russell 2000, 50% in the last four months, getting way ahead of itself but as far as the market, you are 100% right, there has been incredible liquidity. the biggest thing is covid, in the next 3 to 6 weeks, huge for the market, one of the worst pandemic outbreaks with the south african variant in the country. 50%, the last two weeks, inoculated 44% of the country, 28% of the country received the second dose, 50% drop, the bright spot the we can beat this pandemic and we are right

now beating this pandemic in the united states and the uk, they are behind in canada and mexico, but they are incredibly bright. we can't underestimate the pent-up demand, over a year. stuart: this is just coming at me, apple and nissan, end talks of an apple car -- >> with 1980 on the wall, if we said in 30 years that that has fallen, represent more computing power the then sent neil and most of the moon, people would think we were crazy but we saw integration of software and hardware, we are seeing the same thing now in the car, it transforms how we get the power to power that

hardware. the vehicle will transform our lives. they are going to try to buy a car manufacturer. ford is the most likely targets, they had incredible success, to re-create the wheel, by the auto manufacturing or something like gm. stuart: wade, you are raising the possibility of an apple with $200 billion in cash buying ford or general motors, i'm not suggesting you have inside knowledge on this but you are speculating that that is one extraordinary piece of speculation. >> absolutely. i'm convinced they are going to buy a car manufacturer of some kind and the most likely target is for an. i have no information to be perfectly clear but they try to

buy into nissan, not sure what talks were broken off, they are trying to buy a car manufacturer, they have the cash to buy a car manufacturer, the economist vehicle is in that big and the integration of software with hardware, or acquisition, most likely acquisition from google or apple buying a car manufacturer. stuart: that is just fascinating. i never thought i would do an interview with someone saying apple might by general motors, they are there, they have to hundred billion dollars in cash. stuart: it is front pocket money but it makes sense. stuart: that was good, come back soon, susan is just a chelating from the sidelining. >> they don't usually buy

established brands, the large speculation was beat, the headphones, for the catalog to start apple music. i don't think forward or gm is in the cards for an apple acquisition. stuart: speculation is fascinating. one more time, the markets, green, not a huge rally. >> 50,000, that is lifting the payment company, raising paypal's target price to 345 up from 300, results later this month, jack dorsey's other company, more than tripled over the past year, one of the early bit coin adopters, caterpillar, have you looked at the stock, heavy machinery maker

benefiting from rising commodity prices, resurgence construction, maybe new infrastructure spending, look at facebook up one.5, and to trust facebook and data that is the question on social media about the facebook wash and wearable and let's check in on the largest lifted hotel operator, bad news with the unexpected passing of ceo and president arnie sorenson. the board will appoint a new ceo expected in the next two weeks or so. stuart: pancreatic cancer. >> he has been dealing with for a long time. it opened its hotels, sad indeed. stuart: thank you. today is more february 16th, it is fat tuesday. all the bars in new orleans are closed. the pandemic is not over in

louisiana nor the lockdowns. new york's governor cuomo shifting the blame, for thousands of nursing home deaths. >> covid got into nursing homes with staff walking into the nursing home. there is nothing to investigate. stuart: he did not give the press conference yesterday. ♪♪

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stuart: >> is there anything you personally apologize for this process? >> apologize? look, i have said repeatedly we made a mistake in creating the void and i want everyone to know everything was done. the last thing i wanted to do is to aggravate a terrible situation. stuart: thousands of nursing home deaths, suspected cover-up, no apology, nothing as you just saw. now look at this. mainstream media spent a mere few seconds covering it last night. joe concha, why won't they call this guy out? >> there is a d next to his name instead of an are. imagine if this was governor rhonda santos involved in such a cover-up, 9000 people

apparently according to cuomo aid, he said she said type of thing, out there on the public record and covered up those numbers and now here you have the huber's of the defeated, you can't even say he is sorry for these poor people who lost their loved ones and that order, covid positive patients in nursing homes, it was a petri dish, when you had the javits center in the us is comfort, we made a mistake he should be apologizing, give back that any and take his book off the shelves for saying he was such a great leader during a raging pandemic because he was the worst of all governors it appears. stuart: he will do none of the above. he's going to run for reelection in 2022 and you know what? in new york state, can any democrat lose? >> very good point. with his name recognition and

the fact that again if there was a spotlight on this as far as abc, cbs, nbc, msnbc they should be reporting this fairly accurately and a lot more than 32 seconds or a minute and a half but since that won't happen he will probably win reelection because half the people in the country won't be informed about this decision that he made and the fact that he won't even apologize, he will probably get away with it and isn't that sad? stuart: i am not touching that one. i want to move on to the bachelor, chris harrison temporarily step down after controversial interview about racism. here is the statement he put out by excusing historical racism i defended it. i invoked the term woke police which is an acceptable. i am ashamed of how uninformed i was. i was so wrong. the cancel culture strikes again. have at it please. >> chris harrison had nothing to apologize for. he used the word woke police and that takes you offer show

you posted 25 years, you are on season 2 if i remember correctly. something everybody should watch. all he said was what was acceptable a couple years ago, talking about a contestant who went to a party and a sorority and he said what was acceptable a couple years ago in 2021 isn't acceptable now because of the woke police and you get taken off the air for that? he has nothing to apologize for. this is what we've come to at this point. the woke police are everywhere, new york times newsroom or the bachelor of all places, but it is out of control. stuart: i would like to see a free speech movement in the united states like the one in berkeley, california, 1963, with the latest great mario savio. can we speak freely? can we ever shake off the shackles that are on us all? i am appalled. i will give you the last 30

seconds. calm me down. >> you mentioned how berkeley. that went from the free-speech haven to if you even send guy benson, reasonable conservative you need thousands of dollars in security, there are groups that say we can't have been schapiro or guy benson speak, they are horrible people and that is what it has come to. let's speak out to you are not allowed to speak if you support a certain side. stuart: i don't think you or i will ever be invited to set foot in berkeley. attempted to go there for the hell of it. we are done, thanks for joining us, see you again soon. shall we change the subject entirely? show me bumble, the dating apps people where the woman makes the first move. the billionaire, the new billionaire ceo, she's talking about the stock price. tell me what is she saying? >> he tells employees don't follow it, be humble, she is a

billionaire and many employees are millionaires after bumble price to four trading days at $43 and now trading at 78. what is most important is collaboration into making sure the service works for everyone. she wants customer feedback, not the stock price. stuart: before you finish this, i know you are laughing, you know what is coming, what is the new dating trend? fauciing. what is that? >> it is a term coined by the apps plenty of fish, dumping someone who doesn't take the pandemic seriously so ask io's asked doctor anthony fauci if he was aware he was a dating trend, listen. >> you know what that means? >> what does it mean? >> cutting off a relationship

if you don't think the other person is serious enough about social distancing and shaking the pandemic seriously? >> i'm going to fauci you. >> masquerading, pretending to wear a mask when you don't care about the virus. and apocalypseing, this i have seen. we are lonely these days, you get too serious with someone too fast because you think this is the last opportunity, the end of the world. stuart: you have seen this? >> i know people who are dating now and probably shouldn't, they have nothing better to do. stuart: that was a good story. >> that is my opinion of that relationship. stuart: stay away, thank you.

ashley, britain just celebrated decimal day, go ahead. ashley: the day britain changed currency from the depth of all -- i was 9 years old, new coins on the table, and ari things and crowns, to multiples of 10, and 100 but you are supposed to make it easier but it was a tough transition. it took a while. it took a while for the brits to catch up. stuart: do you know what i was doing 50 years ago? i was a bus conductor in london on the day we changed the currency. we had to take in the old currency could 12 pennies to a shilling, and put it in the pockets on your left-hand side.

you make change out of the new money, from your right hand pockets, it was absolute chaos. i was there. chaos. ashley: 50 years ago. stuart: who would have thought you and i would end up on television on dc but here we are. i am moving on because that was great. people in california so fed up with liberal policies they want to create a new state. what would it look like? we will tell you. hundreds of supporters cheer donald trump in florida as he just came out in his limo. do republican voters want him to remain the face of the party? i will ask tomi lahren next.

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[crowd chanting] >> usa! usa! usa! stuart: there you go, crowds in west palm beach, florida, cheering on donald trump during

a rally, that was his first public appearance since the senate voted to acquit him. this op-ed in the washington post reads trump may be done but trumpisam is the gop's future, not sure what that means. tomi lahren is with us. do you want trump to leave the republican party going forward? >> not a matter do i want him to be the republican party moving forward, the fact of the matter. the fact of the matter is liberals can try to cancel him, impeach him, censor him, go after him in every way possible but he is still the leader of this movement and i don't collect trumpism, that is derogatory. i call it america first. whether donald trump decides to run again in 2024 somebody else he will have an america first candidate, that -- you see people just waiting for the former president to emerge,

take up another leadership position, you can cancel him from a social media but not our hearts, our minds and our movement and it will be stronger than ever. the liberals are overplaying their hand once again. stuart: the republican party is split. ten republicans voted to convict in the impeachment trial. mcconnell stood up and excoriated donald trump. that is a split party, isn't it? >> i disagree. in the dc swamp in the beltway it seems like a split party. when you get around the establishment it may seem that way but take notice, forgotten americans, the silent majority are very much trump supporters. they believe in what the president did in his accompaniment. i don't -- they are bitter, jealous, leaders of the party, that bothers them deeply which is why they are along with a democrat in trying to cancel

what they consider trumpism, we are america first, for donald trump and we need him moving forward, this is not a divided party. stuart: make a distinction here. there is broad support among republicans for trump's policies because they were a wild success, whether it is the border, china, the economy, and the man, his personality, his performance, the distinction between the two. >> i believe there is but you will never see a parade for mitch mcconnell, a parade for mitt romney, you will never see the enthusiasm. it is different in media and on the coast and places like where i am from or tennessee or where i was just in florida, make no mistake, they love donald trump, they love his policies, the way he took it to the media. they disagree with his tenor at

times and his rhetoric but make no mistake, they like the man, the policy, the -- we will never go back to the days when mitt romney, john mccain, that is not going to happen and if it does this party is as good as dead. stuart: fighting words. unit today is fast tuesday but new orleans is effectively canceling all mardi gras festivities. it is mardi gras and that place is absolutely dead. the tourism industry taking a huge hit, you live in nashville. are you affected by this? >> if their blm or antifa protests, local city officials wouldn't have a problem with it. these arbitrary restrictions making people so upset and frustrated you can protest, celebrate a biden victory, have a blm riot but can't celebrate mardi gras or be in groups and

stimulate the economy, these arbitrary restrictions have to be the first thing that goes and people are getting frustrated enough that it is about to happen. i'm looking forward to a good summer, patriot saying enough is enough, let's get back - all they are doing is killing the economy, not the virus. stuart: thanks for joining us, we will be watching your show. it is called no interruptions. it is available only on fox nation. you have something to say about mardi gras? ashley: it is pancake day in some parts of the world including the uk. used to have pancake races at school, you had to flip the pancakes you ran, if it flew off you are out of the race and if i remember rightly, lemon juice, do you remember that? stuart: and a pancake in britain is not a thick spongy thing, it is very thin almost a sheath.

then you put your sugar on it, roll it up and it is terrific. i'm not going back. thanks. >> pancakes over an open fire flame powered by coal. stuart: kathy would, the most talked about fund manager on wall street, susan talking about her. >> he returned 100% plus in a fast year, 5 minutes etf fund, that is incredible and stuart varney would love to get double your money back, the best performing in the us and as a result she has attracted $50 billion in cash. her problem is too many people around the world, too much money to keep up the returns, this is what we call first world problems. early investments, the total would go to 15,$000 at the

beginning in 2020 before it went on a vertical trajectory. what is bullish? she bought 7 million, a stake in draft king. knows how to pick them. which is hard to do. stuart: this is great performance. >> and a female on wall street. stuart: a great schoolteacher under fire for posting this video on social media. >> just wondering, when you order 500,$000 of plexiglas, how am i supposed to hear my students when they are in the back of the room wearing a mask? stuart: now her school district c needs to stop being negative. president biden heads to wisconsin today to push his by

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>> we are not starting from scratch because this activity going on in the distribution. >> we are starting from scratch on something raging for almost an entire year. stuart: vice president harris falsely claiming the biden administration is starting from scratch on the vaccine rollout. look at this tweet that debunked her claims, that is a tweet that debunked her claim

that axioms has deleted that tweet. larry elder is with us, the fact checker from cnn and washington post. >> selective outrage, hypocrisy, kind of stuff that caused fox news to become so prosperous. doctor anthony fauci said it is not true they came in with an empty cupboard. jen psake made the same claim and when kamala harris said it to an feels reporter he did not say one word about what anthony fauci said. i asked people who hate donald trump the most, give me the number one reason they believe donald trump is a racist and you know what i'm going to say? the number one reason is what donald trump allegedly said about both sides in charlottesville.

jake tapper of cnn both said little late that it is not true that donald trump is talking about nazis, he was talking about the debate whether there should be a monument on public square. after they said that guests of come on cnn including joe biden and repeated the same lie and nobody said a word. this is what we are talking about that would cause donald trump to refer to people referring to cnn as fake news. stuart: it will never change. the media will never ever give a potato donald trump. ever. it will never happen. >> another example, when ben carson gave a speech in which he likened slaves to immigrants. he got hammered, they accused

him of being a self-loathing black man who doesn't understand the difference between a slave and immigrants who came here voluntarily. barack obama over a dozen times said the same thing using the same language, nobody said a word. of that is and glaring example of the hypocrisy and double standard i don't know what is. stuart: some people in rural california want to form a new state called the jefferson. looking at the split right now. we have heard for years and years splitting the state up. is there new impetus for this today because of the failure -- new impetus for a split? >> i would love to say yes but i've seen it before. a lot of energy, a lot of money spent and nothing seemed to happen. i hope the governor can get recalled. stuart: you will get the

signatures but who replaces them? in a state like california you never know. there is still room in new jersey, there is room in my new place in florida. they did catch that. and the nasdaq slipped into negative territory. we are on with the west coast. kids in los angeles could be going back to school in la, you tell me when they might go back to school. >> the answer is this week, could even be today though that is doubtful. la county has reached the

threshold where they can reopen the schools which is 25 infections per 100,000 people. just because they can reopen doesn't mean they will. they have to submit their plans for reopening safely but this has become a hot button issue. there was a caravan of cars, parents protesting, let kids back in the classroom. hopefully more soon. stuart: a teacher in south carolina posted a video, she is under fire because of the video that showed her modified classroom. what is the problem. >> look at the video. the classroom looks like a prison with all the plexiglas between desks. the teacher is teresa holmes and she questioned how she can

teach 28 kids under those conditions. >> i'm still trying to figure out how in between my classes i am supposed to disinfect. how i am supposed to hear my students when they are in the back of the room wearing a mask behind all this plexiglas. >> she is right. the district told her to delete the post, stop being so negative. the kids are able to go back to in person learning. is that the price we have to pay to get kids back in the classroom 5 days a week? stuart: $5 million for that plexiglas is ridiculous. if a teacher, grocery store checkout person has to face 200,000 people a day, i would have thought a teacher would face 20 or 30 kids in masks at close quarters, the teachers

union has lost me and i'm not going back. president biden is headed to wisconsin, we will tell you what he is doing. gun sales spiking, democrats pushing for more gun reform. the inevitable result is a spike in gun sales. we will tell you again after the break. with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;) at t-mobile, we have a plan built just for customers 55 and up. saving 50% vs. other carriers with 2 unlimited lines for less than $30 each. call 1-800-t-mobile or go to t-mobile.com/55.

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nope. oh... what? i'm an emu! ah ha ha. no, buddy! buddy, it's a filter! only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ stuart: president biden heads to milwaukee, wisconsin pushing for his by america plan. grady trimble is here. what do manufacturers in wisconsin want to hear from the president today? >> they are happy they have the president's ear, they manufacture hydraulic parts for vehicles. i talked to the ceo, he wants the president to negotiate trade deals with china so they can get rid of those unfair trade practices in china but also to sell more manufacturing

products to china but here is the number one policy initiative you wants biden to focus on. listen. >> he is in wisconsin, focused on manufacturing, if i have one message to give him, get a big infrastructure bill passed through. infrastructure helps our economy and it will be a big boost for equipment manufacturers and all sorts of manufactured products. >> the overall us economy has lost manufacturing jobs during the pandemic but in wisconsin, they added 4000 manufacturing jobs, the association of equipment manufacturers trying to get the president's attention while he is in wisconsin, they want infrastructure and business friendly tactics. stuart: thank you very much. president biden renewing calls for gun reforms. what is he looking at?

ashley: he has vowed to pass legislation banning the manufacture and sale of assault weapons and high-capacity magazines and buyback the ones already in circulation. he also called for universal background check legislation. his administration, held a virtual meeting recently with anti-gun violence groups. after the meeting, to use what they say, multiple avenues to try to address gun violence. we have seen a surge in gun sales in the wake of violent protests also on the believe that there is more gun legislation. 23 million last year. he is going to -- he's got the house but probably won't get it to the senate. stuart: same thing every time, you propose gun-control end up go gun stocks. dow is up a tiny fraction, they lost the rally. more varney after this.

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your screen. coventry direct, redefining insurance. neil: stuart: were you getting time cues as well as me, wrap, wrap. >> i could feel it. i've been in the business. i could feel it coming. stuart: yes you have. remember it well. larry kudlow, frequent guest on this program, i've known the man 40 years. his new show on fox business, it is called "kudlow" debuts at

4:00 this afternoon. i will be on the show. >> two things i want to hear his views. bitcoin and riding bond yields. stuart: trouble he is interviewing me. i'm not infer viewing him. i will figure it out. time is up for me. neil, it is yours, take it. neil: we're looking what happened to the big triple-digit rally we saw in the dow. a lot of this could have to do with higher energy prices in the face of these storms that are being experienced by about 200 million americans. winter unlike any we've seen certainly in recent years. that has been weighing certainly on the markets here. a lot of businesses are plain ol' shut down in the interim. we'll look at that in more detail. look at the spike in oil, natural gas, a host of other investments. i might point out bitcoin. in case you haven't watched, it is o$5