maria: have a great day. "varney & co." begins right now. take it away, stu. stuart: good morning. first thing in the morning, if you are an investor and interested in money, what catches your attention? well, it's a new and different market these days. investors are dancing to a different drummer. for example, bitcoin, let's start there . this morning, $51900 per coin up 8% today. a lot of attention to-- these days on bitcoin. look at rocket companies , i think they have become a rated stock with extreme volatility, way up

yesterday, down 11% this morning. of the retail investor organized around social media platforms continues to have a big impact. now look at big tech, for years the stocks have been the center of attention and they have been going up for a long time. now they appear to be stalled, the interest has shifted to some degree away from them, more towards the frenzied stocks, more towards bitcoin. overall, it's a mixed picture after yesterday's losses. of major indicators remain close to all-time highs, but the dow jones this morning will open with a gain of about 40 points, doubt ashdown for the nasdaq and down to. now, wait for money, we have blockbuster news from the border. 108 migrants have tested positive for covid-19 and they have been released into america. if you ask president biden he says there's no

crisis. we are on that story drop a show. by the way, that dreadful crash, 25 people packed into an suv, at least a 13 dead. the man came from mexico through a hole in the border fence. it's being investigated as quote a human smuggling operation. texas restores freedom to his people, it opens 100%, cases down, death down, three vaccines on the market in america with the move of optimism growing. "varney & co." is about to begin. ♪♪ stuart: marshmallow, okay, i can't quite read that, but there you go.

let's get to it. how about this, the the federal reserve bank of atlanta predicting a blockbuster growth rate for the first three months of this year, 2021. what is the big number? susan: 10% in the first quarter of this year i'm a blockbuster and the us economy is on fire according to the federal reserve tracker with manufacturing at the highest since 2018, household wealth jumping to make $2 trillion in savings of 4 trillion and real estate is booming. another $1.9 trillion of stimulus and that will accelerate the recovery and yes, the us economy. there is a spot which is unemployment! 6 million more jobless this year than about a year ago, but things are improving and we look at the february job numbers friday, which should show over 200,000 new jobs. 10% the first quarter of this year, but the most bullish wall street forecast is goldman

sachs had 7% and guess, that's dependent on more stimulated, but 7% for the entire year which is almost three times the dp-- gdp average of the last 10 years. stuart: i can remember a major institution suggesting 10% growth in three month anytime anywhere, first i've heard of that one. that's a big deal. let's bring in shah gilani. you heard that number, 10% growth, however, i know for a fact you are saying we are not out of the woods yet. are you cautious, shah gilani? >> momentarily only because i see rising interest rates. we saw that coming in last week with the 10 year treasury, spiking to 1.6% so that's worrisome and i think the fed may alleviate those fears tomorrow in general powell speaks and i hope the-- i think that's also why we have the flat market today in

anticipation of what he may say, but to echo you as far as gdp from the atlanta fed that's a terrific number, 10%. new york said gdp number is that! 7% growth and that's traditionally slower lower than atlanta fed numbers. their estimate the beginning of the year was for 5% gdp growth in q1 and they've raised that to a .7. everyone is listing eight-- lifting numbers and i think we will see better numbers through the rest of your specially with earnings. >> should i shift or should investors shift a bit away from the attack , no longer the focus of attention? >> i don't think so. all the big tech names are still in our portfolio. we love them and we will continue to add. we are starting to see bargains a bit. i think if rates rise in the fed doesn't alleviate fears investors have, i think

we could see more of us a lot and i think that would be an opportunity for investors to bloat up more on big tech. they have the earnings obviously in the revenue with profitability in cash, so they will continue to do well. there is no reason not to continue to hold all of them. stuart: okay. i'm holding it, rock-- microsoft i'm not selling on your device, shah gilani. the responsibility rests on you. thank you. how about this, i love to hear this. i heard it yesterday and it's great news. texas is going to be shortly 100% open for business or. watch this. >> it is now time to open texas 100%. covid still exists in texas, in the us and across the globe, but it is clear from the recovery, state mandates are no longer needed.

stuart: well, well, well, there he is, pops right up talking about freedom. pete hegseth is in north carolina, which is open for business. look, i think there's a new mood of optimism in this country. is that we see north carolina? >> big-time, absolutely. we are here in moore county pizza family restaurant, north carolina, it's been a packed house all morning long. everyone has the option, you can wear a mask, you don't have to. there's a mask mandate in north carolina, but i think it's fair to say-- to say inconsistently, county by county. moore county says it's open for business so there still a mask mandate in north carolina, but you see the people in restaurants apply common sense and say we are open, we can be open and anyone that wants to

protect themselves can end of the news out of texas is great. no doubt, i agree with you, a bit overdue if you talk to texas. there's been simmering frustration at the mask mandate was not gone already and it was an open, but these are optimistic times and i think the dark days to-- that biden talked about will not be dark for line and when you ask people why they say thank goodness for the tramp administration fast tracking operation warp speed. i heard about schools are morning long, some are still closed and has nothing to do with science and everything to do with unions of politics. i think that is one last place where there needs to be a bigger push. stuart: got it and we will cover that through the show there are some developments they are. by the way, did you know you are getting a lot of flack because of your conversations with diners. called on a second, i know you know what our audience doesn't. watch this. >> headset was

excoriated by liberals for suggesting diner goalie insert talking about the 10th amendment which it happens to bed a few years since you took a high school civics class is the amendment that spells out state rights. >> according to headset average americans talk more about the 10th amendment at that diner breakfast table then say the minimum wage and having to go to work on time because they are at a diner. stuart: do you have a response to that? >> in between bites of bagel-- just for you for everyone out there as an ivy leaguer, of course i'm the only one that gets to talk about things like the 10th amendment, average people don't understand. it was fun to be here all morning because to a man and woman they are talking about the first amendment rights, free speech, second memo, 10th the memo came up time and time again without prompting by the media, they talk about faith, family, freedom

and i gave a speech at cpac and i talked about it and that's what i see when i go out. it was reinforced again, let the haters talk and pretend like not ivy league has all the knowledge when we know where the commonsense wisdom comes from, on the ground from patriot to love the constitution and i get amazing opportunity to talk to them often and thank you for cho casey it on your show. stuart: be careful because if you come back to new york or new jersey you will feel a different experience appear. we have not been liberated yet. >> true. stuart: always good to have you. >> thank you, stuart. stuart: now this, rockets companies, the stock actually is up 100% in the last three days, down 11% now. susan, i have to think this is now rocket company is now a reddit stock. susan: that's confirmed probably the most talked about stock on the wall street that's page and the reddit wallstreetbets

brigade. doubling as you mentioned the last three sessions, of this much is 70% yesterday in the reddit crowd is trying to kill the shorts again like they did with gamestop, almost 40% of rocket shares are being shorted means the hedge fund that the stocks will fall and that often means it's a ripe target for the reddit crowd and one analysis is almost 90% of rocket company available stock isn't even available to trade everyday, so low flow, high short interest, perfect target for the social media group to pile in meaning spike in the price and then the forces of the short sellers have to go in and buy the stock as well which means the price spikes. stuart: i just don't understand why a company like rocket was shorted so much in the first place because it's a relatively well-run company. bankers as i understand it know what they're doing.

susan: the own quicken loans, but mortgage rates having going up and you will talk about mortgages coming down and that could make it a ripe short interest if we see this turn in the housing boom we talked about. stuart: well, now it's down 12%, susan. that's what you did. back to you in a second. overall market, we have green for the dow jones, minor-- minus 50 for the nasdaq. next case, the woke left trying to cancel dr. seuss. look at this, our producer checked this morning vigorously checked and 52 of the 100 books on amazon's best seller lists are dr. seuss books, 52 of them. sounds like a revolt to me. mina coming up. covid diagnostics is working on a new at home: tests, so how does it work? the coo is on the show and he will tell me next ♪♪

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stuart: next picture for the market in the early going, but mostly down with a loss this yesterday and losses today especially the nasdaq, off 87 points. at the latest on the housing market, mortgage applications are up 5% from a year ago, refinancing up 7% from a year ago. the gains are slowing. there's just not enough homes for sale that's the basic problem. co-diagnostics developing a new at home covid test. let you get results on your smartphone, quickly, i believe.

.-dot co-diagnostics ceo is dwight egan and he's back this morning. you have a new test, at home. how does it work, how do i get test results onto this thing quickly? >> good morning, stuart. everyone wants three things from a covid-19 test, they won it to be cheap, fast and accurate you have to be able to build it into the workflow of life whether at home or school or your business, whether you're traveling and the icon unit which i will hold appear is a compact economically elegant device that we expect to cost in the $300 range with tests between 15 and $20 and it delivers a real-time pcr result your smartphone and less than 30 minutes. you see all that is required to do the test with the little device that pictures live--

little device that picture saliva or a slob it's very economical, very elegant and simple. stuart: okay, now is $300 for the little cuba you held up there and more for the actual test itself. that's not necessarily for the home market. seems like it's more for employers. who are you aiming it at? >> it has been designed to work at home level, but certainly we expected to be utilized by businesses in the office, by physicians offices, dental offices, point of care. we expected to be available on planes and ships. it goes all the way from the home market that we refer to as home to the point of care market such as the physician's office. stuart: will we be using tests and test kits is often when a

large number of people are vaccinated? do we still need the testing option? >> well, look, we believe vaccination will be critical tool in helping to curb covid-19, but the stark reality is that covid-19 illnesses likely here to stay. we are going to be dealing with what we would call a seasonal population immunity that will mimic a mirror pretty much what we see with the flu. we will have ongoing covid-19 infections according to the doctor until the end of time so we will have to have a testing protocol and it's all about building into the workflow of life and having a test that can be cheap, fast and accurate that you can use here, there and everywhere's own individual has the power to know his or her covid status at any time. stuart: okay. when is this going to be available? >> we are hoping to have

this ready for fda submission sometime in the summer. we are going to deliver on the technology and engage some top minds in the world with rapid pcr for the development of the device and it will be up to the fda regulators to make it available to the public. stuart: dwight egan, ceo of co-diagnostics, thank you. the white house is moving up vaccine supply timeline. susan, when does the president say everyone can get a vaccine? susan: by the end of may, two months earlier than expected. remember last time president biden said maybe the end of july, but the new assessment and probably more optimistic comes as johnson & johnson rolls out there single shot vaccine and also a rare partnership announced between pharmaceutical giant, merck said they were teaming up with j&j

to quickly produce the vaccine and that rarely happens. also pronounced when the us us economy would return to normal you have biden saying maybe this time next year the pre-matched hedged answering remember texas announcing a reopening and lifting of the mask mandate. stuart: maybe next year? susan: yeah, maybe. stuart: that's stretching it out, maybe. susan: really hedged that. stuart: checking the futures because that's how the market will open this morning. down for the dow jones, but quite a drop for the nasdaq again. we will be back. ♪♪

♪♪ ♪♪ ♪♪

stuart: we are going to be on the downside for the nasdaq when we open in a couple of minutes, but the dow jones will show a small game. that's what futures tell us. the vaccine makers on the screen now, most of doing well, moderna is down again, but the rest are up again. john layfield joins us. some places are lagging on the vaccine, canada, mexico and much of

europe, but america, israel and britain seem to be advance. had we play that difference on the markets? >> i think think you play with regional place if you have in april or may which looks like we will have vaccinations and antibodies from people who have had covid in the us us he went to find domestic companies that will benefit from domestic spending, pent-up demand i think is underestimated. i think it will be an incredible spend once people feel comfortable to get outside, so they won't go overseas, will go to europe, canada or mexico who is lagging behind the us vaccinations. they will stay in the us with companies like mgm which has a great presence in vegas, disney with the disneyland, disney world , you will see restaurants i cracker barrel and big domestic populations, you don't want to buy yum foods because they had huge exposure overseas.

you want stuff predominantly in the us because that's where the spending will be because the pent-up demand is greatly underestimated. stuart: i'm sure you saw that forecasts from the atlanta fed, 10% economic growth in the first three months of this year. that's a rapid economic recovery and place into your theme here a playing with the domestic marketplace. >> circum- i think it is a can to what happened after world war i or world war ii, people have been locked down for so long, savings rates are double normal. americans like to spend money. we enjoy doing that and with a lockdown finally is over which looks like will happen before the summer season which is important, you will see a massive amount of spending and i think the fed is slot on right now. stuart: i keep hearing this expression, the marine 20s.

that a course refers to the 1920s in the decade of growth. do you apply the same to hear, a decade of growth is starting now? that's quite a forecast. >> i don't know if it's a full decade. i think we will-- we see the entire globe come out of the pandemic and almost the same time you'll see countries like the usa and uk will be ahead of everyone else and israel is way ahead of those two countries, the eu and other places will come behind that, but over the next year you will see the globe come out of the pandemic. global saving rates are the highest they've ever been because people don't have the ability to spend money. they will win the pandemic ends and i can guess, it will be a can to the roaring 20s nsr is a decade, it's too far to project, but it will last for a considerable amount of time. stuart: i think you are right here john, thank you for joining us and i like that chinese figurine you have right next to their.

you keep using it. i don't blame you. there you go. i'm not sure what is called. >> is the replica of a general. i got it back in the '90s, cost me $750. stuart: i think that was a bargain. thank you. the opening bell has grown. we have opened a bit lower for the dow industrials, not that far down, off 40 points. quite a lot of red amongst the dow 30, minor-league loss. s&p 500, minor-league loss down four points at 41-- 4.12% turkmen nasdaq opened with the loss of .12%. what's with the nasdaq, susan? susan: i went to tell you about the selloff tuesday called low-volume trade with not a lot of people in the markets yesterday. lowest volume day of the year and when there is low-volume you know it's

going to exaggerate the price move with fewer people buying or selling skewing the market, less than 50% of the number of shares that changed hands during the height of the game stopped saga at the end of january. stuart: let's look at big tech. the market has opened wednesday morning on the markets are open. microsoft is down. this new sun microsystems-- microsoft, what you have with a lot of people use the microsoft exchange server including us and they are warning the so-called chinese hacking group is attacking the microsoft exchange server and they say you should be updating your exchange server to patch the vulnerabilities and i want to note if we could bring up google, this headline just dropped of not really surprising that's why you don't see it in the stock price because they announced they will stop using these cookies which tracks users, but they have made it official they will stop selling ads period based on your

specific web browsing. that's important because google and alphabet control about 50% of the global digital markets of this could be a game changer in terms of what facebook and other social media plays do with the information when they track you because they can't anymore especially with apple update on the ios and google will voluntarily do it themselves. that's great for privacy. stuart: it is. i'm surprised the stock is actually up even slightly on that news. i would've thought it would have brought it down. susan: they already said they were going to do this in 2022 now they are bringing it forward and the fact they will stop selling ads themselves on the tracking information is important to note. stuart: alphabet at $2071 a share. susan noted yesterday was the lowest volume of the year on wall street, but it looks like there was a lot of activity in what i would call the reddit stocks like game.

, rocket companies and plenty of volume. stuart: amc as well. this reddit trade is back on it and of the new is rocket companies which owns quicken loans, cleveland cavaliers owner, the-- the stock has doubled over the past three sessions and rocket is now the most discussed stock on the wallstreetbets page. they are trying to kill brushwork on the hedge fund abetting the stock will fall and according to the trackers, short selling in rocket is at nearly 40% of the available stock, so that's up to $350 million over the past month, up $100 million the past week and a number of trades betting rocket would collect yesterday trying to kill the short betting it would follow. also downgrading the stock this morning on this abnormal trading activity turkey were confused as to why people were shorting the stock and as i mentioned the housing market could

be flipping with higher interest rates so that kind of makes sense. stuart: i understand. thank you. yours another one, a live sports streaming service that i have vocationally watched soccer on this. they are down 13%. but, they added 90000 new subscribers. what's the story? susan: if you tell me you watch it every day and the weekend and be honest with viewers-- we will talk about that later. stock is up almost 100% the past year, 50% this year. as you mentioned it was a great quarter, almost 550,000 paid subscribers at the end of 2020, up 73% from 2019 and first time they made $100 million in sales, but you don't pay for your subscription, do you? stuart: i borrow. [laughter] stuart: borrow. the woods is your favorite, capping woods

is your favorite money manager. susan: not just mine, everyone tracks with kathy woods does with her portfolio usually moving the stock. stuart: she has bought a lot of zoom. how much did she die? susan: $95 million. i checked and it was about a quarter of a million shares she bought in assume and yesterday the topsy-turvy spell off was interesting because it lost $70 in its stock they actually went up to matt $440, 450, but it's interesting that the zoom video which quadrupled its sales at the end of last year, if they cannot hold onto their rally what does it say about an inflection point on wall street? stuart: it says-- i don't know what it says, but when i see a stock go down to my 370 and it had been up about 400, maybe there is a shift in the pendulum

, who knows. susan: 20% rally after its earnings. they lost all of those gains just yesterday. stuart: i just have to believe is the question of how will zoom do when a pandemic in lockdown's , i mean, that is the bit here isn't it? susan: she said 40% gains in sales and any other country would kill for those numbers, but not good enough, i guess. stuart: how we got a big rally this morning and draftkings? 3%, not bad. they had a deal with the dish, what does that mean? susan: acca gets close to to the record high for trafficking so online betting as we know reached a deal with dish network to provide sports book directly to pay-tv provider customers. dish had 11 million subscribers at the end of last year, 8 million on dishes out and a

3 million on sling tv and draftkings is bringing their 1 million monthly active players and if you have 11 million more accessible players on the dish network, that's good for both sides. dish has been losing subscribers, so i think this is a win-win, probably more for dish because they are on the decline whereas draftkings is on the upward trajectory. stuart: got to. , to see wendy's. can you put it on the screen? is down 3.8%. wendy's, i like wendy's, i like their bacon jalapeno cheeseburger, but my local wendy's no longer sells that sandwich so i no longer go there, but the stock is up 9% in the last 12 months. they have entered the chicken wars adding a jalapeno popper sandwich to their menu, nonetheless wendy's is down 3%. they probably missed analysts expectations. that's probably the

story, which i don't care to go into. dhs. susan: your terrible. stuart: i am. they have a prediction-- you didn't know that was going out live, did you? there will be 117,000 unaccompanied migrant children, 117,000 crossing the border this year, a record high, but president biden doesn't call it a crisis. watch this. >> the briefing about the border today. >> yes, i did. >> with digital equipment a lot skin at is there a crisis at the border, sir? stuart: where will those children go cracks who will take them? who decides where they will go? interesting questions. neera tanden will not run the budget office. looks like her past week came back to haunt her

with a list of failures growing for the biden presidency and he's only been in office six weeks. more on that coming up in "my take" at the top of the hour. ♪♪ [announcer] durán catches leonard with a big left. ♪♪ you can spend your life in boxing or any other business, but one day, you're gonna take a hit you didn't see coming. and it won't matter what hit you. what matters is you're down. and there's nothing down there with you but the choice that will define you.

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stuart: the dow jones average in the early going is up a fraction , up 42 points. within the 30 stocks in the dow jones there's a couple winners on the screen. boeing, chevron, american express, jc-- j.p. morgan's chase. among the 500 s&p stocks , carnival, norwegian cruise lines and lines and they are the biggest winners among the s&p 500. cruise lines of back up again. list has a 5% gain. susan, what's going on?

susan: great things are happening. filing with the sec. they say they saw their best week since march 2020, and february's been extraordinaire for them despite the fact they saw largest snowstorms across entry and as a result they say it looks like they reached a new record, 2021, for the weekly just saw meaning they should be profitable at least they expect the losses to narrow this spring and possibly profitability outside expenses before the novitiate. of the right hailing company lyft and uber has been hard to get profitability and lyft is more about peer play since they didn't have a food play like uber eats and i think it's extraordinary for a company like lyft with bride hailing being decimated by covid. uber says it will also have profitability dish or outside of expenses, first time in the 12 years of the company.

stuart: i think lyft and uber are above their ipo. susan: not for lyft. it went out at $72 so we are still trading below that level, but as a peer play when you don't have food delivery to make up for the right hailing it gets been a tougher go for company like lyft. stuart: thank you. at the top of the show we talked about how this is a very different marketplace with a different players. i went to bring in our next guest, gregg smith and i want to talk about spac, seems to me that the market is absolutely flooded with these. now, you are in investor that looks at these carefully, how do you weed out the good ones from the bad ones to good morning. >> i think we have seen an interesting trend in the spac market. over the last two weeks no one is around ring about at the top of the market and by no means am i saying the top is

in the market, continue to be bullish on equities, but there's been a certain amount of excess into the market and last week we saw the market go risk off very quickly particularly in all things spac. we saw sharp selloff in all spac last week, spac that even announced acquisitions of that were not yet closed as well as some, really what i would call the unbridled excess speculation and enthusiasm for the motors deal. we saw lucid motors trade-off from an unannounced deal just on rumored to about $65 a share only to sell off sharply to make $27 upon announcement of the dealing that took a lot of steam out of the enthusiasm within the spac market, but it doesn't mean it's dead. we will continue to see more and more spac come to market. i think our morning wake-up call will be nominated by a new spac

acquisition every morning when we wake up and we will see spac sponsors complete a deal and come immediately back to market and filed two, three and four more spac's. stuart: that's not very go down well, i mean, is that going to go down, really? you complete one spac and you come straight back and say i went to were three more. >> to answer your first question, what to look for in a spac night it comes down to deal flow and the ability to consummate a great acquisition/you look at all of these spac coming to market and mind you there's about 250 from last year and i believe a hundred consummated in acquisition thomas said to look at the spac coming to market and focus on the quality of the sponsor. is at 18 and has proprietary deal flow, the deal flow could come from within their portfolio if they are fund managers or venture managers and do the have the ability to consummated? i would be more interested in a team

that touches a big portfolio company as opposed to let say a fabulous managing team that had great operators in the past, so i think we will separate the wheat from the chaff and you will see smaller pops in these deals when they. we have seen massive first day pops in the spac from about a week ago. stuart: got it peer gregg smith, thank you. we will see center now let's go to bitcoin, again, a lot of interest in bitcoin's these day. $51000 per coin right now, up 6%. what is-- what is this threat of some kind of regulation from the treasury secretary? susan: also, the fcc nominee as well for president biden so gary gansler in his first nomination hearing is talking and asked about bitcoin and he said he wants to root out in the fcc should root out fraud and

manipulation, but people see him as a proponent of digital assets including cryptocurrency in bitcoin so all in all more positive than anything else. stuart: okay, $51145 per coin right now. thank you. stop what you are doing and listen to this. an emotional plea from lawrence jones to reopen closed schools. lawrence, this is personal. watch this. >> what-if the pandemic cost my peers their job or better yet what if they had to keep working? who would have overseen my schooling. who would have shouldered the burden of making sure my brother and my sister were in front of a computer and paying attention? that would have been on me. stuart: at his lawrence jones, a friend of the program and frequent guest and he is dead

right. elected leaders along with the teachers union are failing our children. we have a lot more on that. las vegas betting on a comeback. they are open for business there are some restrictions. we will take you live to the strip, the good old las vegas, is a back yet we will find out. ♪♪

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stuart: show me vegas sands please. up 1.4%. they have reached a deal to sell their properties, 6 billion-dollar deal with apollo global management. the deal includes the venetian, know it well, the sands expo center. staying in vegas they are open for business. there is some restrictions. this is after a year of shortened hours and staff cuts, vegas wants to come back. grady trimble is on the trip. not jumping like the good ol' days yet, is it, great h grady? reporter: it is getting there, stuart. in fact mgm resorts today is starting 24/7 operations again

at some resorts closed for some weekdays. still early here in vegas. this hotel and casino though, mirage, is one of those resorts that will have 24/7 gambling, all the amenityies like pools are coming back. even shows are coming back. some are going on right now. david copperfield, one of the big shows will be back with limited capacity of course. those are because of state orders. we talked to the president of entertainment and sports for mgm resorts. here is what he says the future looks like for vegas? >> i think we're creeping up close to that in the next couple of months. we're seeing a palpable change in the enthusiasm in las vegas. over the last three or four weeks. that is tied to reduction in the covid cases and increase in vaccine distribution. reporter: so two of the areas that have lagged behind general demand for the casinos are the shows and conferences but that

president of mgm resorts there, he said they expect to be back to full capacity, stu, by memorial day of this year. they're really seeing the vaccines and people getting more comfortable getting out, coming to vegas, a one-stop shop for a lot of entertainment here. stuart: check it out. come memorial day. thank you so much, grady. still ahead on this program today. liz peek, iowa senator joni ernst, will cain, laura logan. second hour of "varney" coming up after this. ♪

♪. stuart: you asked for it, we are delivering, more beatles, more stones. we're doing our best, folks. 10:00 on the east coast. let's check your money right from the get-go. a small gain for the dow, a big loss for the nasdaq. i think there is a lot of interest being transferred out of big tech and you can see it today. the 10-year treasury yield moving up. that is not necessarily good for stocks you're at 1.47% on the 10-year. bitcoin had rallied above

51,000. it is still there. 51,200 for the coin. up 7%. new data on the service sector for the economy. very important. what have you got, susan. >> 55.3 for the month of february. slight miss. economists forecast something positive at 58.7. still any read above 50 shows expansion and more optimism. this is important. services represent three 3/4 of the u.s. economy. ism manufacturing number was highest in three years at the end of last week. all in all continues the boom theme in the u.s. recovery and economy. stuart: okay. got it. sorry, i was concentrating on something else there. i was looking at the nasdaq. sorry, no. looking aside. down 137 on the nasdaq. big tech is down this morning. i see lots of volatility in rocket companies. they're down 24% as we speak.

a couple of others are really moving big time. but right now, the dow is down, s&p is down, nasdaq down 140. all right, everyone, now this. neera tanden will not run the budget office. too many democrats objected to her nomination. she had helped hillary clinton beat back bernie sanders in 2016. bernie did not like that. tanden is out. that is a biden fail. two, so too by the way is the 15-dollars an hour minimum wage. doesn't have the votes to get through a divided senate. not likely to happen. at the border a developing crisis. children are farmed out to sponsors.

where are the kids going in. that dreadful crash of an suv packed with 25 people. it is subject after human smuggling investigation. the van came from mexico through a hole in the fence. please, don't encourage the cartels. there is another failure just around the corner. the $1.9 trillion covid relief program. this is the big prize but the president's in trouble with it. it is going to be very tough getting a liberal wish-list through an evenly divided senate. he will not get all he wants. call this likely partial failure. what we really seeing is in the continuing success of president trump's policies. it is "operation warp speed" that is brought vaccines in record time. biden's team said they were quote, start from scratch. that is simply not true. it is republican states that are opening up and recovering fast. lockdown joe has left democrat states in a mess. it is trump's tax cuts and deregulation that still are driving the economy forward. biden is simply trying to take

the credit. he has been president for six weeks. it is time for an unscripted press conference. no prearranged questions. of the take credit for success. by all means. be held accountable for a growing list of failures. the second hour of "varney & company" is about to begin. ♪ stuart: liz peek joining us this morn. president biden, i think is trying to take credit for moving up the vaccine timeline. what do you say to that, liz? >> stuart, i think it's beyond offensive that joe biden is trying to take credit for the vaccine and the rollout of vaccine which is obviously going ahead of schedule. by the way the deal between merck and j&j does not improve the outflow of j&j vaccines. "washington post" has reported

that the deal is going to mean increased shipments probably in the second half of the year. that has nothing to do with moving up the deadline for getting all american adults vaccinated. it follows though, on comments bid biden administration and joe biden himself, indicating there was no vaccine when he took office. there was no plan to distribute it both we know are complete fabrications. joe biden got the inoculation more than a month before he was inaugurated. either, either, his administration really did an amazing job of creating something before he was even president, or is really is president trump's warp speed that delivered this amazing vaccine to the american people and just how amazing, remember, that decades ago we were promised an aids vaccine. we still don't have one. there was no sure bet this thing was going to work. that trump's very risky plan was

going to actually be effective. it is an amazing accomplishment. it is so offensive to me that the biden administration wants to take credit for it. stuart: all right. just hold on for a second, please, liz. i want to update a story we brought you yesterday. this is about dr. suess' books being canceled. well, now his books are in fact topping amazon's best-seller list. how many titles are we talking about susan? susan: at last count according to our producer chris, he is has 52 of the 100 best-sellers of amazon right now, all dr. suess books. i didn't even know he wrote that many. but that shows strong support for the iconic children's author who the state as you decided to stop printing six titles portray people in quotes they say ways are hurtful and wrong. four of those six discontinued titles if i ran the zoo, i think i saw it on mulberry street, beyond zebra, and scrambled eggs, super exclamation point.

in tom 20 we saw. seeing a surge in sales. fans want to get these copies before they're made available. some older copies going back to the 1980s are sold as much as $1000 on amazon. they're turning into collectors items. stuart: yes, they are. i have a few myself. come back in liz peek. you've been speaking out on this very issue. i think you wrote this could the attack on dr. suess be the tipping point? answer the question, is it the tipping point, liz? >> i hope so stuart, i hope so. from the commentary i got back, people are so fed up with this cancel culture and hunt for racism even in the most simple narratives and childrens books and everything else, it is ridiculous. i think people are beginning to laugh at it which is a very, very positive development. look, we all love dr. suess. the fact that he is topping

amazon's list, that is fantastic. but people are actually scared that these books may no longer become available, so they are buying them up. but come on, people, let's have a little dose of common sense. get back to what really are the problems of our country. the problems of our country are not to be found in two or three dr. suess books where the characters, by the way, most of which don't even look human to me are portrayed apparently in an offensive way. i think it is preposterous. stuart: ridiculous to boot. thanks very much, liz. always like your opinion. got it. i think we better pay attention to some money right now, because we've got a downside move, especially in the nasdaq. you're off 140 points right there. ed yardeni, back with us this morning. ed, i led the show this morning, right there at 9:00 with the news from the atlanta fed. they see the economy growing, what, 10% growth rate in the first quarter of this year. i would have thought that was pretty bullish, wouldn't you?

>> warp speed two. you were talking about the vaccines and warp speed one accelerated the pace at which the vaccines have been developed and manufactured, now distributed but meanwhile all this fiscal stimulus combined with monetary stimulus has led us into warp, warp speed for the economy. and yeah, 10% would be awesome. i don't know it will be quite that strong. that is what it is tracking right now. you know what? the second quarter could very well be 10% or more if in fact the biden plan, the $1.9 trillion was passed. it's a huge amount of money, in an economy from a real gdp standpoint will have fully recovered this quarter or next quarter. of course employment is the problem. but, from the point of view of real gdp, we have recovered. stuart: are we about to see a rip-roaring economy for a couple of years? >> well i've been thinking about

the roaring 2020s as a possible situation here for the decade ahead. kind of like the 1920s. nobody at the beginning of the 1920s really anticipated the kind of technological revolution that we had. things as simple as electricity were revolution snarery but i think a lot of technologies here that can drive us into a great deal of productivity and prosperity during the current decade. i kind of worry that we may do it all in the second half of this year with the kind of stimulus we have and likelihood people will be celebrating once this plague has turned into a pest. stuart: just so long we don't end with another 1929, which i do not remember, neither do you, ed yardeni. >> thank you. stuart: all right. you're welcome. ed, thanks for joining us. see you real soon. love that idea of a roaring 20s. love it. the markets again, we've got some movers. what have you got for me, susan?

susan: i want to talk to you about rocket companies. check it out. rocket is down after doubling the past three sessions. new reddit wall street bets favorite. 40% of rocket's stock being shorted, bets that the stock would fall. seems like a ripe opportunity and social media board. wall street bets. lyft, the ride-sharing company, had the best week since march of last year. that means a smaller loss for this quarter, maybe get stock profitability as little bit earlier as well. check out fubotv that is coming up next on the stock charts. we have draftkings, they announced a deal with dish network. they will allow now dish's 11 million subscribers to book directly on their betting platform. it's a win-win for both. let's check in on on las vegas sands. this is end of an era.

if not the largest timing company in america says we're selling out of vegas. it originally made its money, six billion dollars in private equity focusing on macaw and asia instead. stuart: that is a major league shift. i remember not that long ago when vegas ruled the world as a gambling mechanic call. now much more like macau rules the world. susan: four times the gaming take compared to the vegas strip. things have definitely changed over that time period. stuart: las vegas is out of vegas, sands is anyway. susan, thank you. closed classrooms we've been on that a lot hurting every family but hitting minorities especially hard. watch this, please. >> i don't know if i would be here sitting in this seat, talking to you right now if, if

this pandemic would have hit when i was a little boy. stuart: he feels strongly about it, rightly so. california school board association cio will be with us on this program. i will press him on when, and how, he is going to get every child back in the classroom, on the show coming up. deadly crash exposing the border crisis. a live report on exactly who was crammed into that suv. over a dozen dead just miles from the border and on a smuggling route. we have a full story for you. crypto art, have you heard of it? these digital pieces are selling for millions at christie's. tell you all about it just ahead ♪.

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no expensive memberships. go to aerotrainer.com to get yours now. stuart: main feature of the morning in the downside move of the nasdaq. big time downside move. we're off 1.6%. 200 points again. big drop there. big tech taking it down this morning. look at michael's. it is a craft store being bought out by apollo global. in total this is a five billion dollar deal? by the way apollo is the same company which has just bought out las vegas sands properties in vegas. this also means with michael's being bought out, that means michaels is going private. you can no longer buy that stock. in other words, a lot more stock just being removed from the marketplace. this is long running trend.

♪. stuart: all right crisis at the border, you got that right. 25 people in that suv when it crashed. it was, he crashed about 10 miles north of the mexico border. 13, at least, illegal migrants killed. william la jeunesse has the story. this happened on a smuggling route, william? reporter: that's right, stuart. to those who live along the border this, this is not new. smugglers find a weak spot, no fence, cut a hole, drive through, blend in with the local traffic, evade the border patrol. this is one result. an suv, the seats removed, packed with 25 illegal immigrants collides with a tractor-trailer, 13 fatalities. now sources say this vehicle and another loaded with 19 immigrants illegally crossed the border yesterday before sunrise. smugglers had cut a hole in the fence, then drove through undetected. now here is what i want to show you. take a look at this map.

the sector covers 70 miles of border. the trump wall, about 20 miles. the red area you see down there, that is where the smuggler's cut through the old fence approved in 2006, a few miles east of el centro. this shows you where accident occurred a few miles north, a few miles west of the hole in the pence. there was a remote video camera system in the area. smugglers monitor these, the lens was likely pointed in another direction when the loaded vehicles drove through. i.c.e. and border agents are investigating the accident. the 28-year-old driver is from mexico. he was killed. the mexican consulate, at least 10 of 13 victims are from mexico >> you can imagine they're not in the condition to be able to tell us or remember any of the stuff. we're working with the con lar general's office from calexico to share with them information,

so the families are notified through the mexico consulate. reporter: one of the points, obviously president biden telling migrants do not come across the border now. many are not listening believing the reward is worth the risk. back to you. stuart: we got it, william. thanks so much indeed. terrible story. now look at this, 117,000 unaccompanied migrant children expected across the border this year. john daniel davidson, political he had door at "the federalist" joins us now. get straight into this, john. where are the children going? who will take custody? what do we know about the people taking custody of these children? this is a children's crisis if ever i saw un? >> it sure is. the number of children anticipated to come across the border is going to exceed the all time record for children in federal custody, not by a little bit, but by 45%. they're expecting 13,000 children in may alone.

they already have almost 8,000 children in custody. they're putting up tent facilities all across texas, including one in florida now to house them. the process for getting these children out of shelters and into homes isn't easy. it doesn't go quickly. the federal government is supposed to vet families to make sure they are who they say they are. to make sure they are actually related to the children. that the place they're sending these children is safe. one of the things the biden administration is talking about doing, loosening some of these, some of these vetting processes that trump administration put into place so they can place children faster. stuart: wait a minute. i mean, look, i hate to use the expression human trafficking, but doesn't it come close to that? if you can't verify who is getting these young girls and boys, teenagers, you can't verify who is getting them, you're loosening the rules as to who gets them, to me, that is, that is a does grace. i'm sorry.

maybe i'm going overboard here. i think it is a damn disgrace. go ahead. >> what a lot of people don't understand about the border migrant traffic something a huge industry. it is a black market industry. the drug cartels are involved. human smuggling, networks, syndicates expand mexico, central america, all involved in the united states are involved. a lot of money is made. a lot of money gets made every year. hundreds of millions of dollars. yes. stuart: that's okay. keep going. keep going. we hear you. >> it's a big industry and, that is what people don't realize. every person who crosses the border pays. they pay the smugglers and cartels get a cut of it. so there is incentive to bring children across the border because they make money doing it. sometimes those children are related to the adults they're with and sometimes they're not. stuart: you are the political editor at "the federalist." what are the democrats saying

about this. >> they're saying it is not a crisis. dhs director yesterday said, he was asked directly is this a crisis? he said no. president biden was asked yesterday. is this a crisis? he said no. they don't want this to be a crisis, which it is, it proves what some of us have been saying all along, if you send out a message you can get across the border you can stay. a lot of people in central america, mexico will get across the border or send their children across the border, this happens a lot. their parents are here, sending for their children. that is what happens when your message don't come at least not yet, not until we lib alize our immigration laws. it is madness. that is why people are coming now. stuart: terrible. john daniel davidson, "the federalist" guy, come back soon. i like your stuff. here is a possible negative for stocks. the yield on the 10-year treasury is beginning to move up again. you're now at 1.48% generally

speaking. that is a negative for stocks. the price of gold, still hovering around $1700 per ounce, down again this morning. it is knot a hedge against inflation at this point. but bitcoin probably is. bitcoin is up 7% at $51,160 per coin. the price of oil, 60 bucks a barrel. the national average for a gallon of regular gas, up just one cent, 2.74 is the national average right now. the gains in the gas price beginning to slow down just a little. all right. remember this, okay? remember this. roll tape. [shouting] stuart: he chucked the lombardi trophy. if you thought what in the world was brady thinking, now we know, because brady is telling us what was behind his decision.

we've got the video on it too, coming up for you. most california schools have now been closed for a year, a whole year, think about that. i'm asking the california school board association cio what his plan is to get these kids back in the classroom. he is next. ♪. this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity.

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and even more incredible. ideas start the future, just like that. stuart: markets show a big loss for nasdaq, down 200. minor gain for the dow up 13. that is the market this morning. now this. in-person learning facing another hurdle. social distancing guidelines. edward lawrence at elementary school in d.c. these rules limit classroom space, i would have thought, edward. reporter: exactly. one of the issues they're running into. this started back with a candidate joe biden trying to say basically pushing the idea that bringing students back in school could spread the coronavirus. president joe biden is having

trouble getting kids back in person for learning, full time. so the latest push is now to have teachers immunized, vaccinated at the top of the list. most states are already prioritizing teachers at top of the list here, demand by parents to get back into school is off the charts. as you mentioned, space now is an issue. in d.c., for example, 20% capacity. that means 11 kids can be in the classroom at one time. there is a demand have them all come back, obviously not the states, but the cdc guidelines says six feet apart. they have to be in their own pods. again school systems tried to model with some distance learning, some in person, alternating here. so now we have new data though that shows from the cdc a report this week near atlanta, georgia that showed without masks, three feet apart, the spread of coronavirus actually came from the teacher, not from the

students themselves. there was not likely to have a widespread outbreaks related to this. in about an hour the first lady will go to connecticut and elementary school to see what that school needs to reopen. the push here from the administration to get kids back into school. that study from the cdc shows it can be done. you know this is all again at the end of the school year, stu. june, the beginning of june is when school ends. back to you. stuart: i like to see the administration tell the teachers union, teach on leave. i just like to see that, edward. you know, that is not really your call, is it? reporter: there is a groundswell of parents. you can see it in california. they're pledging an additional two billion, we'll take the money back if you don't open. there is a groundswell. stuart: there, i'm fanning the flames, for heaven's sake, thank you very much, edward. listen to this, the los angeles teachers union says california's

plan to reopen schools, quote, propagates structural racism. lawrence jones blasting the teachers union. he says remote learning hurts the black community the most. watch this. >> our kids are struggling in silence while the union screams to keep the schools closed. who do you think this hurts the most? that's right. black and brown kids. 1/3 of black households don't have internet access. how are those kids supposed to learn virtually? i tell you how. they don't. stuart: all right. let's bring in troy flint. the cio, chief information officer of the california school board association. troy, strong opinion has been expressed on this program, including my own. my opinion is, that the teachers union, not you, the teachers union, has abandoned the

children and abandoned their education. what is your response to that? >> i think that is a little overstated but certainly we think there is a path to get students back in class. the science supports that, if you have the proper safety measures in place, you can get kids in an in person instruction setting and do that in a safe and responsible manner. the key is making sure you have all of the proper precautions. until now, the big hurdle that schools have been trying to clear is the fact that they haven't had all the resources needed to make the schools settings safe, teachers are not getting vaccinated. we're starting to clear those hurdles. so there is every reason for schools who make sure kids are getting back in the classroom here in the spring. stuart: when i go to the grocery store i, i, interact with a checkout clerk who is wearing a mask.

that check out clerk responds, mixes with two, three, 400 people a day. why can't the teachers, go into a classroom with maybe 30 kids wearing masks and teach? why do we have to wait and wait and wait? you're not educating the kids, sir, you're just not. >> what we're doing is making sure that we have community input, making sure that the teachers feel comfortable and making sure that it is safe for the students. it is not what, troy, forgive me, troy. forgive me. what is it about encouraging or enhancing structural racism? what is that about? >> that is one district using rhetoric a little bit overheated reflects the sensitivity of this issue. what they are trying to address certain communities have been

disproportionally impacted. they want to make sure measures are put in place to keep those communities safe. the legislation that california is considering this week and that the legislature will vote on has precautions in it. it has provisions which prioritize getting high needs students back in the classroom. students from low income families. students from disabilities. students from english learners and homeless and foster youth. the state heard from the disenfranchised communities, from the students, you are not receiving education as fruitful if they were in the classroom and is prioritizing them getting back into the classroom as fast as possible, now that teachers are vaccinated. stuart: rapidly as possible. it has been a year. troy, we appreciate you coming on the show. i'm not angry with you, but i'm a appalled to the teachers union, what they have done to our children. i'm appalled. so are our viewers. thank you for being on the show,

sir. appreciate you being here. we want you to come back and hear what you have to say. troy flint, thank you. let me get out of this, money, specific the price of oil, 60 bucks a barrel as we speak. got numbers around 10:30 eastern time. the amount of money in storage, how much was used, how much was not used. do we have surprise bill, surprise increase in the amount of oil in storage, up 21 1/2 million barrels. it is the biggest build, biggest increase on record. and the price of oil is up 2%. then there is this. founder of barstool sports, dave portnoy helping to launch a new etf. roll tape. >> the name of the etf is buzz, buzz,b-u--z-z-z i've been stung

they times, i'm still here. i will be stung a lot more. we'll tell you what buzz is all about just ahead. first though, crypto art. it is booming. these digital pieces are selling for millions at christie's no less. tell you all about after this? [announcer] durán catches leonard with a big left. ♪♪ you can spend your life in boxing or any other business, but one day, you're gonna take a hit you didn't see coming.

and it won't matter what hit you. what matters is you're down. and there's nothing down there with you but the choice that will define you. do you stay down? or. do you find, somewhere deep inside of you, the resilience to get up. ♪♪ [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ ♪♪ ♪♪

stuart: all right, markets mixed picture. big drop for the nasdaq. show me the losers on the nasdaq, major league losers there, yes there are. cadence designs. i don't know these companies particularly well, except for paypal, down nearly 4%, netflix down 3 1/2%. some big names, big losses. and then, there is fubotv, all

over the place recently, down nearly 15% right now. susan, is this a reddit stock? fubo? susan: more a media streaming play. we saw fubotv with the $100 million sales quarter, you know, because you watch it, 550,000 paid subscribers at end of last year, up from 2019 up from 73%. this is a lot of profit-taking, given the stock rallied 400% last year. also as you mentioned, check in on some of the payments companies. for instance, jack dorsey's financial company square, giving back most or all of yesterday's rally, taking deposits, giving out loans like a bank. square and paypal are selling off today, despite bitcoin prices are back above $50,000 a piece. show you zoom, since we have

cathie wood, arc invest, buying on the dip, $50 million in extra zoom shares. not making a difference. alphabet will stop selling advertising they say based on tracking where you go on internet. google will stop using cookies next year anyway. they will do this ahead of schedule. this might change the digital advertising landscape for everybody, including facebook. stuart: that is a big deal, down 1 1/2%. 30 bucks a share. holding slightly above 2000 bucks. thank you, susan. barstool sports, dave portnoy, helping launch a new buzz etf. is it going to use social media to determine which stocks to trade? is that what they're going to do, susan? susan: harness the power of the retail trading brigade. he is launching the etf with van eck etf, mutual fund provider. based on trends from reddit,

stock twist and other social media plaid forms. >> twitter, social media, all of it is dictating stock prices. nobody has seen that more than me over the past year. i wish i could own a million stocks. but you can't own them all. that is the beauty of buzz etf. susan: that is the ticker, buzz. it will be launched on thursday with the partnership with van eck as you mentioned to you. they had a similar etf previously based on social sentiments. they will scour they say online sources, social media, news articles, blogs for equity specific messages, and what they include in etf. retail trading is a force for daily volume. they represent 30% of the shares that change hands each and every day. stuart: i can understand portnoy might run something up but what about when it runs down, what are you going to do then? the crowd moves up. the crowd moves down. susan: depends on what talk is

talked about, whether social media, online, whether news media. they will include the hot stocks in the etf. as you know, etfs change makeup quite freakily. thatfrequently, here. stuart: your hairbrushing against the microphone. you probably don't have that problem, do you? stuart: i wish i did. [laughter]. susan: working on it. stuart: let's get serious. i think this is, this is for you, yes, it is, susan. on your screens, look at that, that is crypto art. is it true that this stuff can sell for millions, susan? susan: yep. so these are called non-fungible tokens. i can see your face thinking, oh, my goodness, what is this. northern fungible tokens, nft for short. it is a booming industry worth hundreds of millions of dollars. one in a kind videos selling

6 1/2 million for one unique video made by an artist. elon musk's girlfriend, grimes, made 6 1/2 million dollars in 20 minutes, selling her nft art. this is 100 times what these previously sold for. it is called digital art because the ownership of assets are recorded on a blockchain, which is a digital ledger. that technology that underpins bitcoin and other cryptocurrency. many nfts are priced in the cryptocurrencies themselves either ether other bitcoin. you get that? it is hard to explain. stuart: i understand it entirely, susan. no problem whatsoever. just don't get it. susan: crypto technology. stuart: i want to talk to you about tom brady. hold on. here you go, there he is. he chucks the lombardi trophy from boat to boat. fortunately it didn't sink. do we know, susan why he did

that? susan: here is what he was thinking at the time. >> was there any bit of you thinking, what do i do if this goes in the water? >> okay. first of all, i was not thinking at that moment. there was not a thought. >> somebody shouted no, don't do it. >> that is my little eight-year-old daughter, that is, don't do it. imagine a 8-year-old girl would have the most sense of anybody. susan: right. an 8-year-old being the voice of reason there. so that was a 12 feet gap between the boats in the tampa river. luckily tight end cameron great there to make the catch. a lot of people were thinking what were you -- what was going through your head at the time. stuart: now we know, an 8-year-old had the sense, to say, watch out dad. legendary country star, dolly parton, she helped fund the

moderna vaccine. now she is getting that jab herself and we have that story for you. first, democrats call it the covid relief bill. the republicans say 90% of it has nothing to do with the virus. senator joni ernst takes that on next. ♪. this isn't just freight. these aren't just shipments. they're promises. promises of all shapes and sizes.

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stuart: the senate guns debate on the $1.9 trillion covid relief package today, starts today. republicans say it is just stuffed with unnecessary spending. senator joni ernst, republican from the great state of iowa joins us now. madam senator, forgive me, but i want to know what you can stop in this bill? can you stop 360 billion going to badly-run states as a bailout? can you stop 129 billion going to schools which will not be spent for the next six years? can you stop anything? >> well, wow, stuart, we are really attempting to do so. we'll have a number of amendments but already we are starting to see success. so the democrats are up to their old spending habits. we're pointing out things in

this $1.9 trillion bill that are not related to covid. what we saw yesterday of course, we were pointing out that there is funding and therefore a bridge from new york to canada. we did get that pulled from the bill. i think democrats were so embarrassed about being outed with a number of these spending tactics. we have the 15-dollar minimum wage which we have battled against and democrats have backed down on that. at least for now. so there are still some opportunities to get them to pull things out of the bill before it actually hits the floor. once it hits the floor, then the battle is on. we'll bring out the amendments, to try to convince the democratic members to come out way and be reasonable. we have passed five of these bills so far in a bipartisan manner. i don't know why we can't do that again. stuart: i will suggest one thing that i absolutely guaranty will stay in, and that is the $1400

per adult checks. there is no way you're going to get rid of that, is there? >> yes. stuart. this is something that is extremely popular with the american people. and so, i do anticipate that will stay in. that is why the american people are excited about this covid relief package. once they start finding out, all of these other things that are not covid related, it becomes toxic. just like i said, spending for a bridge. spending for nancy pelosi's silicon valley subway. all of these things are just horrendous when the american people find out about it. they don't like it. so let's focus on covid relief. i think it is really important we do that. all of these other things can be debated on the senate floor another time. stuart: come back and see us soon, madam senator, because i love to see if you stop the bailout of badly-run democrat

states. i know you're laughing but love to see you stop that. >> i would love to stop that. iowans don't want to pay for that. stuart: no, i understand that entirely. i know a lot of people in iowa, believe me. senator, thank you very much for being with us today. thank you, ma'am. still ahead on this show, rick scott, florida republican senator. will cain, gregg jarrett, lara logan, they're all on the show in the next hour. big deal. plus as president biden opens the border to migrants, the governor of texas opens up his state 100 to business. the open up for freedom in texas. what a contrast. that is coming up in "my take" at the top of the next hour. ♪. ..

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in the entire globe come out a pandemic, global saving rates are the highest they have been because people don't have the. to go out and spend money. there has been a certain amount of speculation in the market. i think we will separate the week from the chaff and you will see smaller pops. >> everyone flipping their numbers and we will see better numbers through the rest of the

year especially when it comes to earnings. >> fiscal stimulus combined with monetary stimulus has led us to warp speed for the economy but the second quarter could be for more. ♪♪ working 9-to-5 ♪♪ what a way to make a living ♪♪ stuart: working 9 to 5. i work from 2:45 to 12:00 noon. it is 11:00 in the morning on the east coast, wednesday, march 3rd. the dow is beginning to move up a nice amount. we are up a third of one%, 31,400 but the nasdaq still in the red down one%, 121 points down. we learned this morning that, tested positive for covid at the southern border.

that is a positivity rate which in new york city would be enough to shut the whole city down. under the biden administration is migrants are not being held. they been released into america. if that is not a super spreader event i don't know what is and is just as biden opens the border to illegals the governor of texas opens the state to business. what a contrast. biden creates a crisis, texas restores freedom to its people. governor abbott will allow businesses to make their own business decisions and the people of texas can make their own decisions about where they want to eat, drink, shop, travel and meet together. the contrast is so stark. crisis and threat at the border, handwringing from the cdc, anxiety rules but in texas, florida and other republican states there is

optimism, growth and that wonderful sense of freedom. wake up, mister president, shake off the teachers union, the woke brigade, the socialist and a lockdown mentality. the rest of us are beginning to feel pretty good. the third hour of "varney and company" is about to begin. ♪♪ stuart: the gentleman who is appearing now on the right-hand side of your screen is will kane, texas guy who happens to be in dallas. what is the mood in dallas this morning? >> it is about time. in the beginning of this humble or not so humble texan it is about time. let's open up. why not now? why not yesterday, the case of vaccinations in the state of texas is approaching 50% of all seniors have been vaccinated. i heard governor greg abbott say by the end of the month all seniors who what a vaccine will

have been available, able to have gotten a vaccine and spending to other age groups. why not now? why not yesterday? it is about time. in the beginning you and i both know this entire exercise was to bend the curve, reduce hospitalizations while allowing our economy and society to remain as open as possible. hospitalizations, open the economy for quite some time. bravo to run desantis, christie gnome and greg abbott of texas. stuart: what about the other side of the coin, the border issue, 108 migrants tested positive across the country. it is a crisis. >> i like what you said in your opening monologue, joe biden is opening texas to illegal immigrants while greg abbott is opening texas to texans.

what this issue shows as you eloquently laid out is the hypocrisy on the left over the hand wringing and hair pulling of greg abbott's new order lifting the mask mandate and opening the state. if it is such a problem why are you allowing illegal immigrants not just across the border untested many of which you had the numbers, had not been tested for coronavirus but released into america pending an immigration hearing date. they can roll freely while positive or untested. it shows you are not that concerned about cases expanding in texas or anywhere in this country. what you are concerned with is

control and fear. these entire exercise has been the biggest narcotic for control freaks, authoritarians, would be authoritarian's. in the past half-century. the biggest expansion of governmental power. they are not going to let go of that addiction easily. they are going to maintain it, control it, hoard it and many out there in society are going to allow them to do this because they like the unearned virtue given them. i wear a mask, you don't. i believe in science, you don't. politicians will not give up their control easily through this entire exercise. stuart: what are you going to be talking about with your new fox news podcast. it launches april 5th coming up fairly soon. what is your subject matter? >> you've got to know me a little bit. it is hard to jam i thought into two minutes. i go a little long. this is my opportunity to expand my arguments, my thoughts, the conversation. i love to hear from interesting people and i like to hear from people who disagree with me because i want to see if my are given told up when poked. i will have longer, bigger conversations, layout my argument when it comes to big issues, cultural issues, the second part is i love my sports. i will get back to talking about the sports i love dearly

like the dallas cowboys the texas longhorns, football, professional and college. stuart: premier league soccer. are you spurring? who are you with? >> i used to mop soccer. any game they could end at its highest tie, what is the point? they are not paying with fc dallas. we are man city. not because we are glory hounds. because we lived in new york for quite some time and man city, there's a reason to root for this incredible squad. stuart: i will listen to your podcast april 5th. thank you for being here. check those markets, bottom right-hand corner of your screen, the dow is up 133 points.

mark tepper is with us this morning. if you've been watching the last two hours of this program our theme is this country is reopening. not just texas. we have reopening everywhere. how do you play the reopening of our economy on the stock market? >> unfortunately for the most part i think your too late as it relates to the stock market. you have to be very selective. southwest, marriott, disney, caterpillar, although stocks are up 25 percent-75% off of their pre-abca24 levels. it is clear as day. vaccines are being administered.

well-wishers talking about. you have to be very, you have to be selective. we are working for the laggards but still have room to run. stuart: what are you looking for? >> united air, norwegian cruise lines and spirit arrow systems. all of those names are down from their pre-abca24 levels and united is the worst-performing major airline over the last year. we have of the international exposure. the domestic travel thing has rebounded. the rebound is priced in but you're getting it early on the international rebound so there is room to run. when you look at norwegian, they will rebound faster than cruisees. demand will come back and you are early there.

spirit arrow systems, that is not the spirit airlines but the company that makes the body for the 737. on monday, united announced they are buying 25, 737 maxes in preparation for a rebound in travel. those are three of the ways you can make money in the reopening with outlying stocks that are priced for perfection. stuart: a ton of money waiting to surge into this economy and that the atlanta fed says it will grow 10%. the back to work still has room to go. thank you for joining us and see you again soon. what have we got now? the markets up 80 on the dow but i do see the big banks. bank stocks flying. >> the s&p 500, some banks are

up on the reopening theme, higher rates in a 10 year yield, banks like jpmorgan will make more money doling out loans once again. take a look at airlines american is flying today with enough vaccine for all americans by the end of may, might be traveling like we used to. two tech unicorns reporting after the bell, work remotely, securely, warren buffett has bought into it. walmart says they will spend $350 billion on american-made goods in the next decade and will support 3 quarters of 1 million us jobs which is good news. stuart: walmart is down a little. thank you. this is important.

a worker in new mexico filed the first lawsuit against mandatory vaccinations. this could be the start of something big. we will ask legal guy greg jarrett about this. democrats want to keep sending stimulus checks until the pandemic is over. is that what the economy needs? senator rick scott from the great state of florida is with us shortly. vegas is trying to make a comeback in time for spring break. back to sin city for a report right after this. ♪♪

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stuart: levi las vegas, thought they were going to play elvis. sin city trying to make a comeback in time for spring break. let's go to grady trimble at the mirage. what is the feeling there? does it feel like they are about to open up big time? >> they are getting last-minute such as in place. in two hours, all mgm resorts will be open 24/7, through amenities and they are doing that because demand is back. we were back last night and feels like a casino again. the plexiglas at the blackjack tables, they are saying people are once again booking not just weeks on the trips months out and confidence is getting there with the vaccine rolling out and we can go to a place like vegas and enjoy ourselves. >> we are seeing positive

public sentiment and confidence in hotel booking, entertainment and attraction, ticket sales and restaurant reservations. >> reporter: shows are coming back, david copperfield starts later this -- and in june there is a good conference plans which will be a huge boom for the vegas economy. they rely on those shows. mia may have to wait a little longer for cirque du soleil. they are starting at the mirage. they have the love show. you love the beatles, that is the beatles. stuart: i have seen it twice. the big news is a conference coming back to vegas in june is there bread and butter. thank you very much. on the same subject look at the reopening in florida. they reported despite reopening they reported their smallest

single day increase in virus cases since mid-october, 1700 on monday, lowest number since october of last year. who is with us, senator rick scott, republican from the great state of florida. despite the drop in cases, governor desantis is facing a lot of media backlash for his handling of the state. i don't get it. you are a wild success. >> we need to open our schools, open our businesses, get back safely to doing what we do, the vaccines are getting out. we have the j and j vaccine getting out, another 20 million vaccines by the end of march. i am excited. we have an opportunity to have a great economy.

the biden administration doesn't want to open schools or secure borders, appease dictators around the world instead of focus on how to get people back to work, back-to-school, safe communities. that is what we have to do. stuart: is it possible governor abbott in texas opened up 100% because he was tired of hearing how well florida is doing and how desantis is the next president of the united states? >> when i was governor of florida i was always competing with rick perry when he was governor of texas, trying to beat each other on job creation so i'm sure there is rivalry there. texas is a great state but i'm excited about what is going on in our state. our schools open, businesses open, economy thriving, we've got to keep it going. stuart: do we need to keep spending, $1.9 trillion spending bill, democrats want to keep on spending until after the stimulus, after the

pandemic is over. do we need that? >> we need to take care of people who are hurting. if you lost your job or your business is struggling let's help you as we are to be doing. this idea that we are to spend $2 trillion, when we spent 4 and a half trillion dollars, and the bill the democrats are going to pass is less then 2% tied to covid. we have $27 trillion of debt after this, $30 trillion worth of debt and we are going to hurt this economy with excessive debt. interest rates are coming up. inflation is picking up. it is not good for the economy or the poorest families when they're worried about gas prices which they are since the election and interest rates are up. we are not headed in the right direction with regard to the democrats in congress. stuart: president biden has been in office for 43 late -- days. he hasn't held an official news conference. that is a longer delay in holding that kind of congruence

that is previous four presidents was why is he delaying like this. >> he doesn't want to answer questions which is a little puppet for schumer and pelosi. that is all he is. does he wants to answer questions why schools aren't open why he can't secure the border or why he is appeasing dictators are allowing men to compete in women's sports or allowing us taxpayers to pay for abortions overseas, doesn't want to answer those questions, andrew cuomo in new york, he will sit in his office and do nothing other than do executive orders. what do you do with the keystone pipeline, 10,000 people on their job, just like that joe biden doesn't care. stuart: you are enjoying life, aren't you mister senator? >> these are great issues, i am the chair of the national republican senatorial committee, we will take back the majority next november.

stuart: texas is jealous of you and that is a factor. thanks very much for joining us. see you again real soon. let's get back to money, bottom right-hand corner, the dow is up 135 points and top left, lift is up $5, 8%. the best week for ride since the lockdown started last march. stocks up 8% on that. just shy of the ipo price but up today. general motors, reuters report they are extending production cuts at four north american plants. that is because of the chip shortage, general motors still up $53 a share. speaking of the chip shortage, show me the chipmakers, this item of news, samsung is considering four sites in america, $17 billion chip plant.

looking at new york, texas, arizona, four different sites altogether, 1800 new jobs. big tech, look at it go down almost across the board, except for facebook, plenty of red going on. >> we were down one% or so for the nasdaq and we have come back a little to, apple is close to 2% earlier in the session. there are multiple factors at play. there is a low-volume trade, the lowest volume of the day meaning it exaggerates moves up and down which might be what we are seeing and deals going back up. the tip and the breakeven point is at its highest since 2008. that has people concerned. when rates go up in the yields go up, easy money has been made. you make one.5% easy on a 10 year yield and that is what the s&p 500 deals.

buying at record levels, and turn back. stuart: something of a comeback for big tech. a lot of them are in the red right there. thanks very much indeed. we reported it earlier this morning. 108 migrants testing positive for the virus, they crossed the border into brownsville, texas and that was a small sample that those people are not in quarantine, been released into the public into america. where is the outrage? in new york there's an investigation to governor cuomo and allegations of sexual harassment. could this lead to criminal charges? big question. we will deal with it next. ♪♪

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stuart: the senate finance committee tied to xavier becerra, the senate majority and minority leaders must decide whether or not to

confirm the nomination hangs in the balance. check moderna, that vaccine maker, the stock is down 5%. the become entirely, a celebrity who helped fund their vaccine study just got the jab. >> dolly parton, is not separate because she donated money to help develop moderna but she got a dose of her own medicine. >> vaccine vaccine vaccine vaccine ♪♪ please don't hesitate ♪♪ vaccine vaccine vaccine ♪♪ that is a bit too late ♪♪ >> that was from her song jolene. she donated $1 million to the

vanderbilt health center and got her jab and is encouraging everybody to get their vaccine. she didn't want to get ahead of the line, isn't that great? there will be a vaccine for everybody according to president biden two month earlier, has to be islands in the stream. stuart: terribly sorry but you know perfectly well i could not name a single dolly parton song. moderna is down 5% but it is. an officer in a detention center in new mexico is suing over a workplace requirement to get the jab. he claims he would have been fired if he refused to. it is a legal situation with

greg jarrett joins us. our workplaces allowed to make vaccines mandatory? >> they absolutely are. for 115 years it has been that way since the supreme court decision in a massachusetts case involving smallpox vaccinations in 1905. that has been upheld the last 115 years because the supreme court said the state can mandate vaccines under the police powers of the constitution to protect the health and safety of the citizenry. this is a government worker and there is a higher duty of due care by the government to protect the public so the only way this individual can avoid a vaccination is one of two

exemptions, religious exemption or disability under the americans with disabilities act. i don't believe this individual has invoked to those exceptions so he will lose this lawsuit likely. stuart: this is the first lawsuit of its kind. there may be others but i suspect there will be an avalanche of this kind of lawsuit, not that was a government agency requiring vaccinations as an ordinary company going back to the office. >> the interesting thing about it, by the time is litigated it will be moot. the population will achieve at some point in time in the near future herd immunity through widespread vaccinations or through natural immunity.

courts may say, they will ticket down the road. >> will governor cuomo place criminal in relation to the allegations of sexual harassment. >> he arguably could. if you look at statute in new york state, it includes not only groping parts. kissing on the lips without consent is considered a violation, and then there is the crime of sexual harassment. the allegations by lindsay boylein the statutory requirements for that. there is a statute of limitations that may provide protection, that law is

antiquated, to understand the reluctance of victims to come forward. the traumatization, of what has occurred. and for sexual harassment in the workplace. it is not viable against governor cuomo. the attorney general, latifah james is conducting an investigation appropriately so under civil rights as well as criminal law so he is giving the due process the call for his resignation are understandable. stuart: he has legal trouble and that is a fact. i will see you again soon. we haven't our 134. more to the point i am

interested in the rocket companies, all over the place today. >> it is down after doubling up 100% and the new redit target, being shorted right now, big hedge funds. the redit brigade tried to kill the shores last month. according to the latest i have, lost $800 million shorting rocket companies, during game stop. and according to one analysis rocket is one of the most talked about stocks, and social media platforms driving short squeeze and meme stocks. the ryan cohan tweet of an ice

cream cone, the most heavily -- through the contracts, it is very popular out there. stuart: thank you very much. terrible story, 13 people dead after that horrific crash near the southern border. ice is investigating if human smuggling was involved. lara logan takes a closer look at this program today. a new york comedy club owner cannot reopen. he's going to join me in a moment, looking it has gone on for a year, is earth cam.

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>> britain's royal family, prince philip is slightly improving. he's 99 years old, the duke of edinburgh and spent the last 50 nights in the hospital. he's been undergoing tests for preexisting heart condition and infection. he would turn 100 years old on june 10th of this year. now this. new york city comedy club suing governor cuomo. the owner wants to lift the covid shutdown order. and it is meaningfully different from snl, casinos and more in the context of covid.

danny zoltan is the co-owner of the new york comedy club and he has launched a lawsuit. i understand your point but i want to know what your objectives is. are you suing to recoup the money you lost from disclosure or are you suing because you want an immediate reopening? >> thanks for having me. i hope i don't turn 100 by the size -- the time cuomo decides to reopen. stuart: that is comedy. >> i'm not atomic, but that would pass as a joke. we are not suing for financial reasons. maybe that will come down the line. it has been a year, literally one year, every industry around us has reopened, you can go bowling, play pool, go to a

wedding, go to a restaurant, everything is open at some capacity around us but for some reason comedy clubs, music venues, we've received no guidance whatsoever from the state with the reopening plan and it has been very frustrating not only for myself but all the independent venue owners out there. stuart: have you been able to pay the rent or pay your employees over the past year? >> partially. thank god we have a great landlord who is very supportive as the club has been here for 35 years on the upper west side of manhattan. that is 12 years ago. our landlord is a big supporter of the arts. he wants us to stay and survive. we did receive ppp so we were

able to pay employees. i still am paying one employee right now. we can't take a second round of ppp and apply for the venues grant. that is the $15 billion targeted to venues in the us. it has been months that venues are waiting. stuart: i want to wish you the best of luck. the country is rather quickly opening and i hope you get to open again real soon. thanks for joining us. foxbusiness reached out to governor cuomo's office for comment on danny's lawsuit. netflix to start with, they are launching a new fast laughs feature for mobile devices and funny clips from its comedy catalog. stock is down 3%.

show me fedex pledging $2 billion to become carbon neutral by the year 2040. fedex claims to have all its delivery fleet fully electric by 2040. stock is up. james bond's car up big, they launched their first f1 car, formula one, in 60 years. there is on your screens. it will compete in the world championship in bahrain. stock is up 5%. now this. president biden refuses to admit that a crisis exists at the border. watch this. all right. now this comes as we learn the covid positive migrants released into the country. lara logan joins me next and knows the subject will.

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stuart: crisis at the border

did write. we released this news this morning, 108 migrants released into america, tested positive for the virus, this was in brownsville, texas. casey steagall joins us from eagle pass, do we know where these migrants are going? >> we do not, just board buses essentially. there are transit points and get moved throughout the interior of the united states to meet up with their so-called sponsor or another member of their family or someone already in the united states where they await their court date, with the immigration courts. the city of brownsville, texas, 108 migrants tested positive for covid since the end of january when they started doing this. they say it accounts for 6.2% of the total screenings they have done but they also add

they don't have any type of enforcement action, it tests positive for covid. the border patrol sector where we are, apprehensions of unaccompanied minors through the roof for fiscal year 2021, big bend, texas, that sector of 141% and the entire southern border, 64% jump in the number of children detained compared to the same period last year. the fox news flight team drone was back in the air earlier today. across the river in eagle pass, texas, the white house says the situation on the ground is not a crisis.

>> it is a difficult journey, we believe we are not going to turn away kids who are under 18. >> reporter: the white house recently commented today about positive covid tests. peter doocy telling us sources at the white house explain what is going on, the white house is aware of limited circumstances where individuals may continue to travel despite testing positive, being told to quarantine and isolate and federal guidance is anyone who tests positive should isolate but hard to isolate on a bus when you are headed to a destination somewhere in the united states. stuart: precisely. you got it did write. i want to focus on this

dreadful accident of yesterday. 13 people dead after a packed suv crashed into a tractor-trailer near the mexican border in california. investigators suspect human smuggling was in board. human smuggling. you've done specials on this. what do you know about this context today? >> i have been talking to people in law enforcement and with all the time spent on the border, you know from the number of people inside that vehicle that there is a high chance they are illegal immigrants and in this case when you see that it happens at the border wall, the part that was knocked down. typically what you have is someone who has come to pick people up and wants to get away as quickly as possible. they know border patrol has assets in the sky and people

watching them. this was not the case in this particular incident, but the cartels is generally two kind of drivers according to the agency deal with this all-time. sometimes a young guy, very often a young guy who in their words, a young punk who wants to get a, not a very good driver. the other drivers who try to go the speed limit and stay under the radar. sadly and unfortunately they tell me they deal with this all the time. the agents in texas have been called into a meeting later today to discuss use of force in deterrence and there's a growing feeling the department of homeland security and this administration does not have their backs. whenever anything like this happens the media is the first to say does their fault because

they were chasing them and put them under pressure and use of force rules being reviewed once again. stuart: i have got to go. we will be watching you on fox nation right before on this, back in a moment. . . .

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challenging times are nothing new. neither are resilient people. there's strength in every family story. learn more about yours. at ancestry. stuart: how about this? four years ago vice president kamala harris sent out a tweet wishing dr. suess, oh, a happy birthday. and now the white house stripped his name from read across

america day. my how times have changed. having banned dr. suess, we now found, find, that dr. suess books right at the top of amazon's best-selling list. that is the response of consumers. banned from dr. suess, they buy it. time's up for me but, neil, it is yours. neil: you know the whole thing with dr. suess though without wading into the controversy, how if you couldn't find with normal words i made up words. so isn't that cheating? stuart: yeah, i guess so, yeah, i guess so. neil: i really have nothing to weigh in here. thank you, stuart, very, very much. i always thought if you want to be a poet use real words. welcome, everybody. glad to have you. here he goes. we have a lot we're following. lifted restrictions in texas, mississippi. mississippi's governor will join us shortly, tate reeves why he is doing it and