maria: thanks for joining us. john, think you. great speed with you this morning. >> great to be here. thank you. stuart: we will see you simply see you tomorrow, same time same place. "varney & co." begins right now. take it away, stu. stuart: good morning. there are two groups of stocks off to the races this morning. the old, big tech, solid rebound in the new guys, that is heavily shorted stocks. some are again seeing frenzied trading. technology, first of all of the nasdaq. it's the second row there, up 300 points, to have%. it officially entered correction territory yesterday, but that's a sharp rebound this morning. big tech, the big tech companies are the ones

leading the way in on your screen left hand side, apple, amazon, facebook alphabet microsoft, solid gains, 2% or better. that's a big tech rebound. how about gamestop, talking about a rebound as yesterday was up sharply. this morning it's up another 15% and by the way, the senate banking committee holds a hearing on gamestop volatility day. of markets all over the place. how about bitcoin? $55000 per coin up nearly $3000. here's another big move. the yield on the 10 year treasury on the way down to 1.53%. it was 1.6 a few days ago. lower long-term interest rates apparently helping technology this morning. that's what's happening to your money all over the place today. politics, today the house takes up the $1.9 trillion covid

package, no big changes expected from the senate version. blue states are likely to get their 350-dollar bailout. the teachers will get their $128 billion even though public schools failed our children and you will get $400 billion with of checks whether you need the money or not. here comes the money. investors and voters demanded. we have bit-- we have a big show as republicans began eight impeachment trial against new york governor cuomo. fascinating reports on the virus. eight out of 10 of those hospitalized are overweight or obese. wait until you see president biden stumble his way through white house presentation. no wonder his handlers are protecting him from a formal press conference. tuesday, m "varney & co." is about to begin. ♪♪

stuart: let's get right on with it. a little music there from bob seger. president biden in a use the word deliberate-- deliver it lee, really struggled to get through his women stay speech at the white house yesterday. watch this. >> i just want to thank you both then think the, the former general, i keep calling him general , but the guy who runs that outfit over there. i want to make sure we think the secretary-- general jacqueline van-- in united states air force, did lieutenant general richerson of the u.s. army will be promoted to the ranks and join the general is that only four-star-- as another four-star general.

stuart: unfocused and confused, that's my verdict and remember please we are 48 days into the new administration and president biden has yet to hold a formal press conference. i will editorialize about it at the top of the 10:00 o'clock hour. whiskey back to money. the nasdaq hit a huge comeback after entering correction territory yesterday. up 300 as of now, for the nasdaq tell me more. susan: correction means down 10% from recent peaks and when yields go up that usually impacts high-growth tech names more than say airlines or other more value place and that's because guaranteed money on your 10 year treasury yield makes tech look more risky so they have been underperforming by 10 percentage points so far this year. and that's big and there has been huge volatility over the past week and trade. the nasdaq has moved one and a half percent up or down the past six trading sessions and that's the-- big

volatility since last march. apple, amazon, microsoft , apple has been supposed to be in the bear market with at least 20% down from record highs at the end of january, lowest in three months, but big headline last night. china went in to buy stocks last night to lift at the chinese stock market before the national parliamentary session and that's good news when more money comes from the second-largest economy of the world especially for equity markets. stuart: let me interrupt. the central bank of china did this, they are the ones actually buying chinese a stocks? susan: we call these national players, government chinese entities whether its pension fund, mutual fund. they were instructed to go in reportedly by bloomberg to buy chinese stock and that not only lifted chinese stock markets, but goes elsewhere around the world. stuart: i did not know that

whether it's the central bank court entities of the chinese government, doesn't matter, china is buying stocks on behalf of its government. whiskey to the coin. let's get to bitcoin. what's behind the surge? susan: i would say that chinese money. yes, even big money, institutional buying and. that claim financial services company said they raised $200 million from big institutions like morgan stanley, the insurers like massmutual, new york life and hedge funds and apparently insures more than a billion dollar in bitcoin exposure already selling bit-- big money buys in its likely to accelerate and that's positive for bitcoin prices already trading at the highest in two weeks. it said that it could get to $75000 a coin.

stuart: let's get to the other big mover. gamestop, so far the best performing big board stock of the year. how much is it up this year? susan: 900% so far this year. highest in a month four-game stock-- gamestop. that's making these reddit wall street that's traders a lot of money. keith gill, he said he doubled down on gamestop last month to 100,000 shares and that today is worth over $21 million if he has not sold any of it. not bad for an average guy. one name that started this frenzy and seems to rally the stock, brian bought 13% of gamestop shares and now sits on the board attempting to lead the online shift of the bricks and mortar's game retailer.

is not a casino chip or a casino play. stuart: i promise not to use that word again, susan. susan: got it. stuart: time we brought in mike murphy. come on in, mike. here we go. i put it to you, i can make far more money investing in other sectors of the market than i can going back into big tech. what do you say to tell me one. stuart: off the top of my head, mike, i can't come up with one particular stock. other sectors of the market have done a lot better. >> we has seen a rotation from the winners, from the big tech into the companies that had not rallied higher and for short-term traders for people in gamestop making money on that that's great, but for people talking about energy finally recovering for the last five years, that's great

for me, i want to own growth and what's going to be doing well a year from now, two years from now, three years from now, so i'm not trying to pick a bottom on any selloff. i'm looking to own companies that are innovating, growing. i went to be the-- only the owners of businesses like apple and microsoft this year, next year the following year and whether or not the yield on the 10 year is 1.4 or 1.6, that in my estimation has a zero impact on my holdings in big tech or the market in general, so when we talk about moving from 1.4 to 1.6 or even to map 1.8, the stocks can do fine in a rising interest rate environment as the long as the rates rise because the economy is getting stronger. stuart: on the screens now, we have apple, amazon, facebook,

google and microsoft. do you think they will go back to challenge their old all time highs and that i do short answer is yes. on confident in that, but if you ask why, nothing has changed in these companies. you could say they were overvalued, okay, maybe. and now they have sold off somewhere and that gives an entry point because i'm not buying microsoft for what they are doing tomorrow based on where the yield will be an interest rates. i'm buying microsoft for what i believe the company will be doing next year in the year after year after. these are innovative companies. the growth story has not changed. i don't see it changing at all. i think the sentiment has changed, but that's giving investors an opportunity to own more of these great companies. stuart: my, you put me on that spot to start with. there you go, you got me mike murphy, we will see

you soon. i have a question. how are the booksellers doing during the pandemic and the answer is not well. barnes & noble reported this morning they took a big hit during the lockdown. remote learning did not help book sales in the stock is down to a quarter precent, $7 a share. dick's sporting goods were a pandemic winner they don't sell guns anymore, but they did well selling gym equipment. of the stock is down because the company predicts a slowing of sales as more states open up. big loss, 5% down dick's sporting goods. overall looking at solid gains on wall street. dow jones 1893. the gnostic 300 points higher at the opening bell. the white house admits they are doing enough to discourage illegals from entering the us. roll tape.

>> is clearly-- we need to work toward getting the message out and being clear that now is not the time to come, but the majority of families, adults, vast majority are turned away at the border. stuart: maybe they should not have been invited in in the first place. the administration is asking for volunteers to help at the southern border. doctor marty makary wrote an op-ed in the "wall street journal" saying herd immunity could be reached by april. facebook's lack a fake news warning on it. doctor marty makary is here to respond next. ♪♪ [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.

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stuart: read this and smile with green all-around. nasdaq up nearly 300 points. gamestop at it again, big gain yesterday another game this morning with gamestop $220 a share. disney, big day yesterday and back up again today. disney is a-- well above $200 a share. disney worlds waterpark blizzard beach has reopened with a limited capacity for the whole park and they are not requiring reservations. you do have to wear a face mask stepped when you eat, swimmer would ride the waterslide at the disney. wyoming lifting several lockdown orders including the statewide mask mandate. when do they fully reopen? susan: marches 16, in a week. wyoming will join texas,

mississippi to get an early start lifting the mask mandate with 100% reopening for some businesses specifically bars, restaurants, gems and movie theaters will resume normal operations thanks to wyoming is accelerated vaccine dole out. 90% of the state's population has gotten at least one dose of the vaccine and a small number of just 100 plus new covid cases yesterday so wyoming says why not help businesses and start reopening. stuart: there are 10 estates where there was zero deaths last week so we have real improvements. susan: total cases down. stuart: cdc releases new guidelines letting vaccinated people gather inside without masks or social distancing. bring in fox news contributor dr. marty makary. welcome to the show. good to have you with us

you say guidelines are still too restricted. what he wanted do, open up completely? >> i think people will do what they are going to do and i think we need to tell them how to do it safely and if you look at the guidelines, people who up and fully can still not travel and that should give you a sense as to the cdc. some of the old guard is focused on virus replication so much so that they can't see the forest from the trees and profound isolation hurts people. they need to take that into consideration and the idea they can have two we fully vaccinated people with each other, tell me something we don't already know. they need to be active, out there and maybe where they mask for a month or two, but people fully vaccinated need to be active. stuart: your op-ed in the "wall street journal", which claimed herd immunity could arrive by april, that was slapped with a fake news warning by facebook

fact checkers. would you say in response to that clinic well, stuart, i don't really pay attention to what facebook says. i can tell you the "wall street journal" editorial board was livid. they wrote a scathing editorial and also it turns out there was a bit of an investigation and it turns out the reviewers they picked were reviewers who are just an angry twitter mob of scientists who have preconceived on-- ideas on what it should say. some people want the pandemic to keep going. i don't understand why, maybe to be right, but the reality is we have already received herd immunity for healthcare workers and we are about to achieve herd immunity in nursing homes in three weeks in different parts of the country will get there in april, may be summoned may, but it's not a binary thing. deaths are massively plummeting and cases it will linger but they are primarily in young people.

their last get vaccinated and most likely to have asymptomatic infection or mild disease. stuart: what happens when we achieve herd immunity, what does that mean for restrictions? >> i think we need to get out there. people are dying of a profound isolation and businesses need to plan. most of the pandemic businesses have said we just got this data now the scramble to figure out what to do. this is a good time for businesses to plan, conferences to plan, people to make their travel reservations. there could be a change but it's clear the new variants don't pose a risk in the spring. stuart: i watch her comments on this. we have a cdc report-- i'm sure you have seen it-- 70% of people hospitalized for covid were overweight or obese that makes a new highly vulnerable group of people, doesn't it?

>> consistent with a study of my own research team from john hopkins. we new covid mortality was skewed towards those with code mobility, but we didn't know how skewed. so heavily skewed you might argue those that are younger with no comorbidity have the same case the totality rate as seasonal flu. that should change and inform our strategy as the data comes in. stuart: dr. marty makary, great to have you on the show. come back soon. look at the vaccine makers, please. no vivax is close to getting fda approval for a new vaccine. 's ceo, stanley erck will join me in about 20 minutes to tell me when it might be available in america. as we close out, going towards a commercial break i will show you the market. look at that nasdaq of nearly 300 points. back in a moment. ♪♪

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stuart: three and a half minutes

the market opens and you will see a nice gain when it opens. the frenzy stocks are on the upside this morning especially gamestop up 12%. david nicholas is back with us here are we in for a new round of frenzied trading and if so, are you buying in? >> could be hanging if you look at the performance of gamestop, different from a couple months ago. the former cofounder of julie has been placed in charge of strategic planning to get gamestop into an online mega marketplace so there's really a value story of play, but just take the buzz etf that was started with dave portnoy, do you know what the largest holding is, it's forward stock. is not-- it's not exactly is it a break, i think we could see it move higher but if we

see more quality in the names moving higher think that is good for the overall market. stuart: would you put your clients into gamestop? >> probably not. they're still volatility and my clients don't like that type of volatility. but you might take a swing at it. stuart: would you put your clients into bitcoin because it has a trillion dollar valuation on it now? >> stuart, yes. if you can sum in asset asset class that's done better than bitcoin maybe i would reconsider , but it doesn't exist to. financials are up 17% year-to-date, energy is up and doesn't even compare to bitcoin. bitcoin is up 90% year to date. central banks around the world are putting trillions of dollars of made of money and we get inflation so investors are looking at bitcoin as a hedge against inflation even more than gold. gold is down 12% year to date, i mean, that's, so

bill gates and janet yellin want to talk about bitcoin, but every time they do retail investors buy up more bitcoin. you may not like the bitcoin, but you can't argue with the seller performance this year. stuart: that was the point of my question. should we now be jumping on board retail investor moving out of the old-line classics, big tech and industrial companies and moving into the hot stock like -- like by the retailers. should we be on board? >> well, normally what we see in recoveries is the high beta low-quality stocks do well in the front and a recovery and i think we have a switch in value. retail investors are control now. they are not buying the high fires, they are now buying names of value so i think i want to invest alongside that, names like ford, deep value financials and energy right now.

stuart: david, thank you for joining us. take that risk if you must, but keep an eye on the exit door. the opening bell will ring-- there you go. ringing the bell, please , because we want trading to start because we believe markets will go up. 9:30 a.m. eastern and off we go. pay particularly close attention to the nasdaq. ) the start, dow industrials up under a half a percentage point at 31 and nine on the dow industrials. s&p 500 also on the upside to the tune of over 1%, very solid gains. look at the nasdaq, up two and a half percent it's up because big tech has opened very strong. right now, we have microsoft up $5, 20%. same game for apple, alphabet up nearly 2% in

a 2% gain for amazon and facebook. a big tech up this morning. kicking gamestop up 10%, 215 is the quote at this point. i went to see discovery and amc networks. susan, i can see value in gamestop with the rhine at the helm. susan: now you see value in gamestop okay, go ahead and. stuart: now i see-- you make your point. can you see value in amc and discovery? susan: yes. if you would if streaming numbers, absolutely. discovery and amc doubling so far this year and discovery trading at the record highs, but both are among the top 10 most shorted us listed companies and among the highest amount of short bets that stocks the-- that stocks will fall. the company is being shorted at almost 27% of the stock that trades in

amc roughly the same ratio and same levels, but i would argue these a stocks actually make money. they are growing with a steady stream of cash but we call cash flow positive and discovery plus has been outperforming with 11 million subscribers in the few months of operation. you look at these companies with the high outstanding amount of shorts against the stock and that's when they piling to kill the short so you have to buy in as well and that usually spikes the price. stuart: fascinating between those betting it goes down in those wanting to hurt those betting it goes down. what a contest to check i went to check stitch fix, as you know that's an online personal silent company, way down 24% down. they cut their guidance or could they had shipping i was a problem and softer than expected holiday sales.

three factors hurting them, down 25%. palatine had a shipment problem as well. their pandemic winner but they had problems shipping a new bikes to america. they are expanding. susan: interesting timing because if they can't get the bikes into the purchaser's hands it makes you wonder why they are trying to expand at this time. this is the first time going into the asia-pacific for palatine expanding into australia announcing plans to sell bikes starting in the second half of this year and we know it's been one of these that have come off high growth momentum plays that have been sold down as more people piling to the reopening and value place of say the banks and travel stocks. it is down 15% this month, over 30% on the year but over the past 52 weeks, over the past 12 months still up 300%. stuart: up 6% today.

this caught my attention, susan, and i know you know more about this than i do. zoom ceo transferred billions of dollars worth of stock, to whom? susan: $6 billion worth of stock around 40% of the stock ownership, not sure the specific he gifted the shares to but we know it was set into two individual trust with zero insane the transaction was part of the safe planning process for eric and his wife so if you read between the lines it likely went to family members, probably the children as part of their inherent which is purdy typical to plan for your family and your loved ones stealing yes, let's get real. very rich people do not pay estate taxes. that's the way it works, ladies and gentlemen. susan: exactly. stuart: us get to beyond meet as they are expanding in walmart the odd sausage hot italian

available in about 400 walmart stores. susan: did you practice that? stuart: stop it. the classic of value pack up more than 500 source. walmart is up and beyond meet up nicely 3% higher. this is for you, susan. the chinese electric carmaker surging i'm told. put it on the screen. is it surging? up 7%. susan: you try to find that on a difficult day. stuart: if i owned a stock up 6% i would say surging. they say they will deliver fewer electric cars than their arrival neo--- nio. susan: i will explain. it did announce overnight likely deliver 12500 vehicles in the

first three months of this year, less than the other chinese electric car play nio and therefore cost of delivering 202 next line 5000 cars but the stocks are rallying because we auto us up on the news that all three electric car companies will raise more cash selling stock in hong kong store-- shoring up their balance she. might raise about $5 million according to reuters and also look at the google of china rallying a 7% today as they reportedly got the go-ahead to sell stocks in hong kong. also, let's check in on tesla because i think the five-day losing streak has been broken, yes about that-- about $600 a piece and tesla has reportedly had three bearish market so if you invest in tesla you have to stomach the up-and-down. the fund manager of the

moment he would said she still bullish on tesla. stuart: tesla is a surging, up 7%. susan: that is a surge. stuart: show me that dow jones winners. there are some winners. sales force up 3%. intel, apple, microsoft. these are big-name companies on the dow jones, big-time winners this morning. s&p 500 winners headed by tesla, back about $600 a share. pay, paypal also on the upside. that's where we are. check out that the board , nice gain up 125 points with a seven minutes worth of business-- business under our belt. with this, that's the 10 year treasury yield all the way down to matt 1.53%. price of gold, is it

still 1700? yes, holding on 1717 is the press about them and bitcoin $55100. as for oil, i think it's still about 64, 60-- $65 a barrel, yes, it is. gas prices are surging 3 cents overnight with the national average at $2.80 per gallon. here's what's coming up, rick cornell, he has a lot to say about prince harry and make its explosive interview calling meghan and i agree with him, quote she is the classic american woke progressive. he's on the show in the 11:00 o'clock hour. then there is this coming the la teachers union warning members against posting any spring break photos. they said it would be quote bad optics at a time when students still

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stuart: commercial flights have taken a hit during the pandemic, but private jet travel we are told it's moving. greg trimble joins us. grady, isn't only for the wealthy? >> no, what families are doing is pulling their money together and that way they can afford a private jet. it will still be quite a bit more expensive, but you don't have to deal with people you don't know and that's part of

the reason like matera will tell us that they had seen sales skyrocket. >> they have. they are pooling their funds and collectively chartering a private airplane so they don't have to be around people they don't know on the airline. >> you are used to wealthy clients who charter flights, but as has been described its uber of private charter flights. >> correct making it the easier for the user to access these airplanes through the internet whereas they had to have someone with a connection to a private airplane before or a broker that was a middleman and now they can go on the internet and find airplane may want for the trip they want and shop the price and it's up to them to make the decision. >> and book it online and because i know you will ask what exactly the price will be so if you are fine save from florida to colorado, that will cost around $18000, mike tells me

for a one-way trip on 814 cedar airplane so if you have 14 different people you can split it among everyone and it's actually reasonable if that is something you want to do. i was thinking you, actually, me, susan could get a bunch of people together. stuart: actually, you are right to point that out it's a little bit above first-class airline fare, just a little bit above, but comes with a a lot of conveniences if you have that cash. thank you. chartering a plane for our crew to go anywhere. nasdaq is the one to focus on, bottom of the table there, 12900. surging out of correction territory which it hits yesterday. that's the story on the nasdaq. mississippi open for business all restrictions lifted and the governor of the state joins me in the next hour. check novavax as they

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stuart: green knoll over the place especially for the nasdaq. now it's up to .6%, really doing well. as been the frenzy stocks, they are backing frenzied territory with gamestop up 16%. amc, naked brands all up significantly, the shorted stocks are back. keith gill, look at it, please. how is novavax up? they are working on a two shot-- two shot vaccine, not yet approved, but we had the ceo, stanley erck with us. stanley, when might your two shot vaccine be available in the us?

>> first place it will be available i think we'll be in the uk which is where we did our phase three efficacy trial with good results not only against the original strain but because the uk variant. we will use the data in conjunction with the data from phase three trial in the us-- weeks ago we finished enrollment of a 30000% trial in the us and we are collecting data efficacy data from that as we speak. stuart: it is a two shot vaccine , doesn't have to be stored at extremely low temperatures? >> no, that's one of the advantages of our vaccine. it's very stable and it's stored at standard refrigerated temperatures and can be shipped at the standard refrigerated temperatures globally. stuart: how effective major vaccine against say the south african variance? >> let me give a comparison because i

think we have the only access the data for a vaccine against three strains of vaccines with the original strain and we have shown we have 96% efficacy against that strain and in the same trial we show against the uk strain which is what is now circulating in the us, we show 86% a cup-- efficacy. very good efficacy. we have efficacy in the 50% range-- stuart: your audio got interrupted their. ansari went to repeat because your audio was interrupted slightly. your efficacy rate for south african variant is that 54%? >> that's right. works against all three strains.

stuart: sorry about the delay. this is a question, which i went to ask. are not sure it's your wheelhouse. if we do get hurt immunity and i think we are talking about getting the heard immunity in april, may be may or june, when we get it, is that a reason to list all restrictions >> so, i think the cdc, you are right is not in my wheelhouse and the cdc is a group that opines on that and i think we leave it up to them to advise on when restrictions will be lifted. stuart: okay. let's ignore when restrictions should be lifted, but are you looking at a situation where we might get heard immunity april or may in the us this year? >> as i understand, that herd immunity you're talking about, you would

start to get it around that time and the question is, what do we have heard immunity against and what variant is circulating in the us the uk variant my understanding is circulating within the last couple of months. is picking up speed right now and so the heard immunity will be available, but a lower rate than would otherwise be seen against the original strain. stuart: last one if i may, stanley. if you get emergency authorization use, if you get it, how many doses can you put on the markets in the next say six months? >> that's a great question. a lot. we are manufacturing now we have got two different manufacturing sites in the us and 10 globally. the expectation is that by roughly the third quarter of this year,

that would we would be added manufacturing rates of roughly 150 million doses per month, so that would be in the us and someone be outside the us. stuart: that's remarkable news. stanley erck, thank you for joining us, novavax president and ceo. thank you. we appreciate it. >> thank you for having me on. stuart: stain on the vaccine because there's a new study and it shows the pfizer shot neutralizes the brazilian variance of the virus. pfizer up just a little bit this morning. still ahead, here's what we have the governor of mississippi, tate reese will join us shortly. brine kill me, joe concha and ric grenell, second hour of our incoming of next. ♪♪

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gentlemen, 10:00 east coast time. you will like to see this. my goodness, me, the nasdaq is up 400 points is better than .3%. the nasdaq is correction territory. this morning it is not. the united states 10-year treasury now yields 1.5, whatever it is, 5.2%. yields going down. traditionally, recently, that has been good news for big tech. certainly good news today. gamestop, very much back in the news. now it is up another 16%, $225 a share. that is the gamestop quote. here is bitcoin. keeps pushing higher. big rally overnight. almost 55, there you go, somebody bought it, $55,000 per coin as of right now. big deal. now this.

now we know why president biden has yet to give a formal press conference. he doesn't seem up to it. his performance at the podium is troubling. now this is a very difficult thing to say. we are after all, talking about the president of the united states. but in a white house presentation monday, even though he was using a teleprompter, our president stumbled badly. he looked confused. and very tired. see for yourself. >> just want to thank you both and i want to thank the, the former general, i keep calling him general, my, my, the guy who runs that outfit over there. i want to make sure we thank the secretary. general jacqueline van olist, united states air force, the lieutenant-general laura richardson of the united states army will be promoted to the rank and join general van orist

as only four-star, as another four-star general. stuart: what is wrong here? the white house staff is circling the wagons protecting him from himself. they know that a formal press conference could turn into a dreadful embarassment. confusion and enable to focus, losing train of thought, show any of this, and the presidential authority is seriously undermined this is serious stuff here. watching the president's performance yesterday was really troubling. if he can't remember names, if he can't focus even when he has a teleprompter in front of him, it is unsettling. who is in charge and what is his team hiding? good questions all. second hour of "varney & company" is about to begin. ♪. stuart: scott shellady joins us right now. look, scott, this is a very

difficult thing to talk about because the man is the president of the united states of america and he was elected to that office. now i see him stumbling, it makes me very concerned. your response? >> i'm very concerned as well and i'm sad. you mentioned about the white house staff kind of circling around him. well that is what families do. on a personal note, stuart, i lost my father to alzheimer's six years ago. i don't know what is going wrong with joe biden but he is a human being. if anything, i'm more upset about the people that keep trotting him out there to have these things happen because they're embarrassing. so, you're exactly right. whose in charge? now if you're going to be a leader, he is the leader of the free world, leaders lead. whether it is patton or bill belichick of the patriots or even tim cook of apple, those people are out there showing the way forward, showing a plan and they're the outward spokesman for the company or the team or the country that they represent. that is very important. but if we struggle to even have

a person do that, who fills that role, how many people fill that role and what would be their message? that is the very disconcerting thing. that will affect us all economically, financially, and socially. stuart: it is just a very, very difficult thing to talk about and to editorialize about. he is the leader of the free world. we wish him very well, no disrespect to the office whatsoever but when i see that kind of stumbling, rambling, tired performance, it makes me very concerned especially because at some point he does have to give the state of the union message. he has got to stand up there for some time, maybe at least an hour, that might be difficult for him. at some point he has to hold a formal press conference. i really worry, whether he can do it or not. last word to you, scott. i know this is difficult to talk about we've got to bring this out here. >> you know, yeah, it is very difficult to talk about.

my family is noticing a lot of same things we saw in my father in joe biden. at this point in my father's life. we took him to the hospital, he was diagnosed with early on set alzheimer's. i don't know what is going own with joe biden. what is make me the most angriest, having lived through it people put him out there to do it. he is not up to the job. it will only get worse. it will not get better. at some point in time somebody has to take the car keys away from him, devastating for his family and devastating for him. he will have an idea about what is going on. if he is the leader of the free world, he has to show us his plan, show us his message, anticipates questions, if he can't do it which have to ask questions, start being worried who is behind the curtain? stuart: difficult subject thank you for jeaning me addressing it. scott shell hadi, thank you for

joining me. we have other things going on especially the market. nasdaq is up a whopping 424 points. the dow is up 200. s&p up 1.7%. that is a major leagues rally. yesterday on the program, economist stephen moore joined us and he said the economy is a rocket ship, ready for a spring takeoff. brian wees bury is an economist, and he joins us right know. what do you say about a rocket ship takeoff for the economy come the spring? >> first of all, steve's a good friend of mine, stuart. say hi the next time you see him and i will tell you the rocket ship has already taken off. the first quarter of this year, the quarter we are in, it will end at the end of this month, the end of march, right now the atlanta fed sees an 8% real gdp growth rate. that gets us back to our previous high gdp. and then we expect about 6% growth for the rest of this year

and 7 million jobs created. and where is all of this coming from? well, the vaccines are rolling out. looks like we'll get to herd immunity by april or may. you were reporting own that just a minute ago. we have a massive stimulus bill. along with other stimulus from last year still kicking in. and then on top of it, the fed, the money supply is up 25% from a year ago. you put all of that together and it is a boom. it is a rocket ship. stuart: does it have to end in inflation? >> when you have 25% growth in the money supply, you get inflation. we have not seen that kind of money supply growth for, forever. i cannot find a period of time like this in history. even the '70s, 1970s, that was stagflation, we ended up with 10, 11, 12% inflation didn't

have this kind of money growth. i'm not predicting 10 or 12% inflation. inflation takes a while to pick up. we'll see 2 1/2% this year, which is above what the fed wants to see. i think we'll see 3 1/2% next year which is well above what the fed wants to see. eventually stimulus and money printing wear out. you can't keep an economy going that way and so i wish we weren't doing it. we're going to get a boom this year. stockholders, equity holders, investors will win this year. what i worry about is the years in the future when inflation begins to pick up. stuart: me too. staying along the ride for the equities, staying in stock. it is a wonderful eye. i'm keeping a close eye for the exit door, it could be slam shut real fast. >> i think, i think we have at least 12 to 18 months, stuart. stuart: oh, okay.

that is nice time frame. i can work with that. >> all right. stuart: brian wesbury, thanks for joining us. appreciate it. see you soon. we've taken a close look at big techs. now go back to the heavily shorted stocks. as you can see gamestop, koss, amc doing well. small loss for naked brands. susan, what will be the next round, the next group of frenzy stocks, do you know? susan: let's start with the nasdaq though. can we get back to the broader markets. nasdaq up 3%. this is the best day for this benchmark since november 4th since last year. best day in four months. the rally we haven't seen in more than a quarters time. get back to the frenzy, the stock that started all of this year, gamestop is the probably the best performing new york stock exchange listed stock of the year. up 9% in 2021. making reddit wall street bets traders a lot of money. most famous, i have to bring

this up for relevance sake, roaring kitty, keith gill, after the hearings in d.c. has 100,000 shares of gamestop. that is worth over $21 million today. check out rocket, company owns quicken loans. this is last week's hospitaller squeeze favorite. this stock doubled in three days this turn happens very quickly, the rotation. now the attention is moving to the discovery and amc networks, not amc entertainment, that is important to nolt. discovery, amc networks both doubling in 2021. discovery was trading at record highs before today. these are two of the 10 most shorted u.s. listed stocks in america. the highest amount of short bets, bets that the stock will fall. that is kind of the game, right, stu? you find how, how much are the stocks shorted, higher percentage shorts.

the you pile in. then the hedge funds have to buy in. stuart: much coordinated on the social networks. identify the shorted stocks. pile into them, make some money that is the name of this game. it worked for a lot of people i got to say. susan: then the hedge funds have to buy in, you have to cover your short positions. i want to note discovery and amc have 25% of their float currently being floated. that is why they're among the most top 10 shorted stocks. stuart: my goodness, me, that is amazing. bitcoin on the upside this morning. moments ago i quoted it at 55,000. it is 54,800 right now. more big money combing into bitcoin, susan? susan: institutional, big government. a financial services company said they raised $200 million from bilge institutions. morgan stanley bought in, mass mutual, big hedge funds like

stone bridge. they have more than a billion dollars in bitcoin exposure already in their platforms. when big money, big institutional buy-in likely to accelerate the price which is positive for bitcoin. they're trading at the highest in two weeks though. we're off the 59,000 record. ever core says the technical analysis once we broke through the resistance thresholds say bitcoin to get to $75,000 a coin. that is a lot from mere. stuart: i heard that, $75,000 per coin. all right. susan: yep. stuart: we have this for you, a restaurant owner says it is not the federal government that pizza review from dave portnoy put them back in business. watch this. >> people out there, bigger than god and a man, simple man like him, just saved all the restaurants. it is unbelievable. stuart: we've got the full pizza

review, the full story coming up next for you. the l.a. teachers union warning their members, hey, don't post vacation photos because it is jeopardizing their push to stay out of the classroom. that is unbelievable. but we've got to the story. first, the fight on the right. president trump telling certain republicans stop using his name to raise money. how about that? indiana senator mike braun on that after this. ♪.

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nasdaq composite. now up 3%. the nasdaq back out of correction territory. here are the nasdaq winners. there are some big winners when you have a nasdaq indicator up 400 points. the leader of that pack is tesla. it is up $55. that is 9.8%. baidu also up 9%. some big winners on the nasdaq this morning. how about this, no more money for rinos. that is what president trump emailed to those. they want money sent to him rather than packs. they do nothing to hurt the republican party and our great voting base. they will never lead us to greatness, end quote. senator mike braun, republican from indiana, mr. senator, this

is one split republican party, isn't it? that is no way to go into a re-election campaign. what do you say? >> that will be a common theme going forward. i'm back in my hometown of jasper today, the place where we have conversations before. i manage the tree farm for the therapy i need as my new job as a senator. that kind of tug-of-war will be out this and stu, it is very clear, we've got to even with what president trump said manage to keep the party together. it is not like we're long on numbers to begin with. i think it's a party in addition, what president trump is bringing out, actually be there, back the agenda, the agenda was working so well. i would have never run for senator had hillary clinton got elected. so when you're out there wrestling with members of your

own scott, rick scott is now in charge of getting the senate races across the finish line, i think you have got to be careful because if not, we won't have the numbers to pull it off in the senate races, let alone what we do building into 2024. i think it is good to remind everyone in the party that we wouldn't have gotten everything commished with tax cut, jobs act back in december of 17, biggest benefit for main street entrepreneur like me. got to remember all that. if we're going to fracture the party, whether it is coming from president trump or coming from the rino side of the party, believe me there is that there. president trump was the embodiment of people being upset with business as usual in d.c. so you got to be careful with it. we cannot fracture the party or we won't win in 2022, let alone 2024.

stuart: the house is going to take up the covid relief bill, $1.9 trillion. as you know, the blue states, they got their bailout. i have know you're not happy about this and senator scott in florida is wildly unhappy about it but i put it to you, senator, nothing you can do. it is going to happen. >> you know, sadly, the consequences of what occurred in the georgia senate seats, we're paying the price now, yes, i understand the system pretty well. i was a legislator for three years before becoming a senator. when you don't have the votes you don't have the votes but, when you push across something, that is a smoke screen for public health, and covid, in 90% of it is stuff that would appall most of the american public if they knew what was in there, including blue state bailouts. indiana, we have balanced budgets. we live within our means.

rainy day funds. i talked to the governor a little over two weeks ago. we're in good shape because we had a good business climate and a good state government before. bailing out bad behavior, bad practices places like california, new york, new jersey that will give us material to work with when we talk about 2022 and 2024 as well. stuart: got it. by the way, senator, there is $300 million in this covid package, $300 million for covid animal surveillance. bet you didn't know that. it is in there. nothing to laugh at. >> that is one of many, many things that people ought to look into the details of what just happened and it is going to go through but that doesn't mean we shouldn't flush it out, expose the craziness that's in that bill. we're all going to be paying for it down the road and borrowing every penny for it in the

meantime. stuart: mr. senator, always a pleasure, thank you very much for being with us again, sir. come again soon. >> thank you. stuart: all right. barstool, you know the founder, dave portnoy. he just saved a new jersey pizza shop. come on into this, ash, because i don't think he saved that pizza shop with his fund, did he, it was something else, wasn't it? ashley: no. not this time, it was actually the power of portnoy's pizza review saved the day for a struggling family-owned business. for his 1,000th review in january he went to calabroi restaurant, pizzeria in new jersey. tested its crunchy thin pizza, reknowned pizza. he gave this review. take a quick look. >> eight, nine, calabria i love it [bleep]. good as thin pizza i, eight, nine, spectacular for 1,000th. i don't know how to say that.

hit me. it is a reveal. ashley: it was a low budget confetti event but nevertheless you got the sense he liked it. it had to be bleeped out. ever since the pizza orders have been booming at this restaurant, with some customers coming from as far as away from california and india. the restaurant calling it a miracle, as you can see on the screen, dave portnoy's.9 review saved my family's business, gabriellela, who said the week before his visit, we weren't sure if we could make ends meet. since his review we were able to catch up on all of our bills and, isn't that amazing and save my family's business. the most famous menu item renamed the clabria portnoy

pizza. shows you the power dave portnoy reveals with his fun and pizza reviews. stuart: people like characters. they draw attention to him and his reviews. good stuff. arcly, thank you very much indeed. quick check of the markets. the dow is back to 32,000 almost, and the nasdaq, way up 420 points. what have we got for you? i will tell you. a growing number of migrants arriving ated border with covid. what is the administration doing about that? we have the story. remember this, roll tape. >> the last thing we need is a neanderthal thinking in the meantime everything is fine, take off your mask, forget it. it still matters. stuart: well, mississippi's governor getting all kinds of backlash for rolling back his state's mask mandate. why did he do it? governor tate reeves is here to explain after this.

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this isn't just freight. these aren't just shipments. they're promises. big promises. small promises. cuddly shaped promises. each with a time and a place they've been promised to be. and the people of old dominion never turn away a promise. or over promise. or make an empty promise. we keep them. a promise is everything to old dominion, because it means everything to you. stuart: it's tuesday and this is a market day and a 1/2. look at that.

left-hand side of the screen. just go through it for you. the dow is up 200, back above 32,000. please remember when president trump was first elected back in 2016, the dow was at 18,000. it is now 32,000. by the way, in march of 2008, the dow was at 6,000, 6,000, march 2008. 32,000 now. nasdaq up 443 points. that is 3 1/2%. that is rally mode across the board. of show me novavax. there is a stock that is up 6%. the company's ceo stanley irk joined me last hour with an update on their vaccine. >> expectation is by roughly the third quarter of this year we would be at a manufacturing rate of roughly 150 million doses per month. it showed very good results, not only against the original wuhan strain but also against the uk

variant and it gets stored at standard refrigerated temperatures. it can be shipped at those standard refrigerated temperatures globally. stuart: that is spectacular. if you get emergency use authorization from the fda, they could be producing 150 million doses a month and that is a big deal. no wonder the stock is up 6%. next case, mississippi, open for business, 100% capacity, mask mandate lifted. let's bring in the governor of the state, republican governor tate reeves who joins us right now. governor, the cdc says keep wearing the mask. you lifted the mask mandate. why? >> because the numbers and the data no longer justify the heavy interaction of government in our state. the fact is many of those experts want us to talk about science and data when the numbers are going up they want us to ignore the data when the

numbers are going down. in mississippi, stuart, we peaked at 2400 cases per day over a seven-day average. today that number is below 400. we're down over 80% from our peak two months ago. but when you look at hospitalizations which are an even more important number, we peaked at 1450 hospitalizations a couple of months ago. we're down at 321 yesterday. those individuals in mississippi that are in icu beds, we peaked at 360 several months ago. today we're down below 100. so again, 75 to 80% declines. our numbers have plummeted. therefore we want to trust americans and trust mississippians to do what is right. when you talk about masks, if you are older and have comorbidities it is probably, and you have not gotten the vaccine probably not a very good idea for you to be in large crowds. if you are younger, you are healthy, and you have gotten both vaccines, and therefore

you're protected, then government ought to get out of your way to allow you to make your own decisions. stuart: it is almost spring, a couple of weeks away from spring. the weather will change throughout the country. the vaccination rate has picked up to way more than two million a day. and it is very effective. do you think we're now at a turning point where we're just beginning real recovery, beginning to get back to something like normal? are we at that point right now? >> well we certainly are in the state of mississippi. this particular virus moved around from region to region. several things have occurred such that it is good in some regions, at certain times and not so good in other places but in our state we're certainly have reached that turning point. we're also doing a fantastic job of getting vaccines in arms. you mentioned we're at a seven-day average of about two million doses across america.

nation at large. our cases are 40% below the average of the nation at large based upon population. so we're certainly at a turning point. we put shots in arms of over 3/4 of a million mississippians. half a million mississippians gotten first dose. quarter of a million mississippians gotten both doses a third vaccine is online with one shot johnson & johnson and that is going to be another game-changer which of will help us get more shots in arms more quickly. the answer to your question is absolutely. stuart: congratulations, tate reeves, governor of mississippi and thank you for sharing us with it today. we appreciate it. thank you, governor. >> thanks for having me on as always. stuart: sure thing, sir. florida, lowering its vaccine

eligibility age. all right, susan, how old do you have to be now? susan: you definitely qualify, stu. we're talking about 60 is the cutoff in florida. that starts on the 15th in the sunshine state. that is five years less than the previous eligible at 65 years old. so the latest data show roughly right now 60% of florida's four 1/2 million seniors have gotten at least one jab. that is a really good news there. governor ron desantis says he expects half a million more seniors will get another job this week. so more shots, lower eligibility there in florida. other states are reopening across the country. you just talked to mississippi's governor there. wyoming, joining texas and mississippi removing mask mandates and more reopening. stuart: i think we're at a turning point. susan, thank you very much indeed. you have to listen to this one, the los angeles teachers union sending a warning to their teachers, don't put your vacation pictures on social media, oh, no. ashley, come on, shoved be the other way around.

shouldn't the message be don't go on vacation if you won't go to the classroom? surely that is the way it should be. ashley: the whole thing is so gall, is it not, stu? l.a. teachers refuse to go to the classroom, but okay, apparently fine to fly to international destinations for spring break and if you do, union leaders in l.a. say don't post your vacation pictures on media. it could send the wrong message that message, we're quite happy to travel around the world but still believe it is not safe to start teaching again. in fact this is a quote taken from a teachers union posting. it says, look, if you're planning on any trips for spring break, please keep that off of social media. it is hard to argue that it is unsafe for in-person instruction if parents and the public see vacation photos and international travel. you think? by the way, the union overwhelmingly voted to reject a return to the classroom.

91% of that vote said no, unless certain demands about safety are met f you want to fly off to cabo, go down to mexico, enjoy a week's vacation, no problem. it is galling. stuart: yes it is. we don't live in california. we don't have kids in california, if we did i would be mad as hell. i will cool down and move on. thanks, ashe. lawmakers in one state, can you guess where it is, palm trees, they're considering the nation's highest income tax. we'll tell you formally exactly where they're proposing it just a moment. pain at the pump, jeff flock breaks down how much president biden's green policies will affect how much you pay to fill her up. flock after this.

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stuart: there is a huge rally, all across the board, especially the nasdaq, up 400. and look at big tech, these stocks are just going straight up right now. all of them, pretty much across the board. can we show them please? give me big tech. have we got them? all right. let's, i will tell you now, whether microsoft, amazon, facebook, all the rest of them, way up this morning, in strong percentage terms. so too, i believe, there you go, we got it. apple is up, nearly 4%. amazon up 3 1/2%. facebook 3 1/2%. those are major league gains, adding enormous value to those stocks. and tesla, i think it is back above 600, right, susan? what have you got? susan: 11% so far in the session. talk about huge gains, leading the advance on the nasdaq which is having the best day in four months since november the

4th. tesla getting upgrade from new street research. worth $900. cathie wood, the current wall street star fund manager still bullish on tesla and she also brought in 800,000 shares of draftkings yesterday on the dip. picking up teledoc? the past week as it got cheaper. these momentum plays are having quite a day. other winners to look at, look at zillow, twilio and etsy. i'm looking pretty strong moves. double-digit gains across the board, flying on rotation back into growth at least for now. i will throw in peloton. it seems to be your favorite stock of the day, up 13%. don't forget peloton was down 30% before the session started today. it made the announcement they are entering their first asia-pacific market in australia in the back half of this year. two things that implies. positive news, by the way, is that peloton if they get into

australia the back half of this year they will clear up the backlog of orders for north america and demand for bikes right now. secondly, if you think about it. we talked about david tepper yesterday, right? he says you can't be bearish on stocks, yields have come down, they have. other countries, need to find somewhere to put their money to get some sort of yield. you will not get anything better than 1 1/2% in u.s. treasurys, right? so that brings down the yields when there is more demand buying in. stuart: yep. the yield on the 10-year has come all the way down to 152, 1533. look at this, gas prices. in the last month we've gone up more than 30 cents in a month. now we're at a national average for $2.80 for regular. look who is here. jeff flock is in indiana right now. i believe he is going to tell us gas prices are going up some more. give me the news, jeff flock.

reporter: i know it is bad news for you, sir. you put in a dollar's worth each stop i know. that was the national average right there, almost the national average, 2.799 you're absolutely right a penny a day over the course of the past month, stuart. we talked to patrick dehaan, our buddy at gas buddy, who says this was set up a long time ago, it is rolling in now. and it is going to continue. listen. >> looks like a steady rise will continue, perhaps unabated for the next couple months. really only thing that stops it, a slowdown in the recovery, aka, a slowdown in demand who are an uptick in supply. reporter: stuart, you can always tell when gas prices are rising this is a gas station on the indiana, illinois border. when prices start to tick up, people start to cross the border because illinois has big gas taxes. it is about 20 or 30%, 30 cents

a gallon difference. people pop across the border into indiana, go back to illinois. i leave with you a number. amazing to me, in terms of refinery capacity, we're looking at almost half capacity. usually when things are good they're running 90 plus percent capacity. right now it is 56% refinery capacity. everything pointing to, a increase in gas prices. the experts say, you know it is not president biden's increase to own yet but if the policies continue, you know, we need more fuel out there. we don't have it. so, there we go. we'll see. stuart: we'll see. 3-dollar gas is at way i do believe. jeff flock, thank you very much indeed. now this, prince harry and meghan markle's interview making big he waves again this morning. ric grenell the duchess of sussex is the classic woke progressive, ouch.

that hurts. he explains it next hour. first though, canceling cuomo. even the new york governor's own book publisher will not promote his book about covid leadership anymore. brian kilmeade is here after that. after this i should say. ♪ at edward jones, our 19,000 financial advisors listen and work with you to create personalized investment strategies to help you get back to drafting dreams and building your future. edward jones. it is time for investing to feel individual.

stuart: show me the frenzy stocks. or shorted stocks, whichever you want to call them. gamestop is now up 21% at $235 a share. koss, a fractional gain only. amc, up 5%. they are active again. look who is here. it is 10:51 on the dot. you know what that means. brian kilmeade joins us. all right, brian, i find this difficult to talk about but i did speak about it at the top of the hour, that is president biden's performance yesterday. i thought it was difficult to watch. you're rolling your eyes, but watch this again for our viewers. roll it please. >> i want to thank the, the, former general, i keep calling him general, but my, my, the guy who runs that outfit over there. i want to make sure we thank the secretary for all he has done to try to implement what we just talked about. stuart: brian, i'm sorry, this is very hard to talk about.

the president did not look good. confused, tired, and that is very troubling to me. what are you saying? >> the other guy that had the job was working 22 hours a day, never stopped. all you do is look at social media. sometimes we kind of wish he would stop but he never stopped working. he would understand where the pentagon was. would understand this guy behind me. we get stuck on words and names. happens to me all the time. but lloyd austin, the general, the pentagon, the secretary of defense? that is not a nuanced office. that is a building. basically it us own town. you have to be kidding me. the former general was right. i always call him the general. you just called him the former general. stuart: they're protecting him. they have circled the wagons around him, won't let him out, won't let him do a press conference. the man, it just doesn't look like the president of the united states should look like. i'm sorry. difficult to say but that is where i'm coming from.

>> it is not because he is 78. it is because how he is acting. i see 78-year-olds still running marathons that has nothing to do with it. he looks in fine shape but mentally i don't think he is at his best. they have to pick his spots with him. his spot whatever he has to do will handle his press conference, meeting with the media, that is coming up shortly, he is going to handle that like he did the debates. he will drill for it. he will rehearse it. come out with the cards. try to get through it. but outside some direct questions from fox, who is going to ask him about the chaos on the border? who is going to ask him about the socialist agenda he is jamming down our throats? who will ask him when did we elect bernie sanders. his pros secretary said this is the most progressive bill he ever got. excuse me, you're supposed to be the moderate goes across the

aisle. unaccomplished senator from vermont, bernie sanders. the fact he is elated. there is a reason why they had to pull his nomination. the american public didn't want to elect him. he has his pockets but he doesn't have the public. he is adopting bernie sanders's agenda, what he knows of it. stuart: i got to move on to governor cuomo. i'm sure you've seen this but his publisher has stopped promoting his book and new york state republicans have launched an impeachment drive against him. he won't resign. do you think he lasts out to the end of his term? >> well i mean, what he is hoping for, he is right, find out about the investigation. we should have that for everybody. wait for the result of the investigation. but you have five women coming forward, the last one interviewed today, more women will come forward. more women who have experienced this, we'll see. with that, waiting for the attorney general, taking on each attack one by one i'm not sure that he can, if this gets too

many, if it gets into double figures i'm not sure he with stands it, but on the vision with the fbi, it does. the attorney general it does. what hopes for move on to other things. this become as one-day story. that is what hopes for. he has nowhere else to go. he was supposed to ascend after this. now he is might not even get another book deal. stuart: serious stuff, brian. we're talking about the condition of our president and the likelihood of the governor of new york state losing his job before the end of his term. it is serious stuff. really is difficult to talk about this. no disrespect for the governor or the president. but it must be talked about. can't ignore this. >> my final thought is, look where we were eight, six months ago. gavin newsom was, everyone saying a promising career. look how great he handled this pandemic. governor cuomo the same thing. and everyone was quick to go after governor desantis and the

president of the united states. president of the united states able to get the vaccine forward. his missteps are clear. so are doctor fauci's missteps. governor cuomo said we had nothing to worry about because our health care system is sew much better than china. don't wear a mask, fauci, governor, this won't be a problem cuomo. newsom and cuomo barely hanging on to their jobs. stuart: brian, got to go. 10 seconds left. thanks for being here. see you next week. coming up, big hour, ric grenell, deroy murdock, joe concha, brownell, the gun guys, pete brownell. we got it all and a big market rally. 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. .. [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ ♪♪ ♪♪

>> the expectation, and with 150 million doses. >> we want to be the owner businesses like microsoft. >> 17% year to date, energy up 40% year to date. almost 90% year-to-date so investors are looking at that coin is a hedge against inflation. >> the rocketship that has

already taken off, and 8% real gdp growth rate gets us back to our previous high gdp. put that together and it is a boom. it is the rocketship. stuart: a little frenetic music because we have quite a market on this tuesday. it is 11:00 on the eastern coast, the markets are up on a tear. the dow is up 270, 6.8% and the nasdaq, that is where the action is, up 400 points. it is a market rally. the yield of the 10 year treasury has gone down a lot, back to one.55%, hitting 152 earlier, 155 now. that is a big plus for big

tech. long-term interest rates come down. that is what is happening and now this. where are they now? those crusading media types who ripped into donald trump for his immigration policies. kids in cages, remember that? so-called journalists, use those children as ponds in their fight to defeat the president. and now silence. they don't give a hoot about the thousands of unaccompanied children streaming across the border at the mercy of criminal cartels and predators. we are not allowed to see what this administration is doing. it is conservatives who are supposed to be callous, but who is being callous now? it is the biden team, the left, during the campaign they

invited central america to come to the united states. now they are arriving in droves and this administration hasn't got a clue what to do. they are calling for volunteers to bail them out of a mess of their own creation. donald trump got a handle on the border, he went a long way to fixing what was a national crisis. president biden has put us back in the mess, back to open borders and all the human suffering that comes within in the media could care less. the third hour of "varney and company" is about to come in. to roy murdoch, it is good to see you. if it is not a crisis at the border why are they asking for volunteers? >> good question. it is not a crisis, a man-made

disaster is appropriate name, and they are basically two things fueling this, one is trump derangement syndrome. if trump created it must be destroyed, not just the southern border wall where construction stopped with the diplomatic agreements with mexico, honduras, el salvador saying if you want to stay on the other side of the border if you decide to come here. the other things fueling this is you see these as illegal aliens, democrats see this as future democrats of america, future majority, people coming in, may take 8, 10 years, 12 years, 15 years but sooner or later they figure a democrat government will give them the path to citizenship, voting cards and they will be democrat and democrat see these as future voters. stuart: you are right. of these immigrants were to vote republican it would be the democrats building the wall. that is just my opinion. this is not a sidebar issue. this is another issue than

immigration. we have reports that more than 1500 migrants tested positive for covid after crossing the border since january. now some are being released into our country. where's the left on this? where is the outrage about this? nowhere. >> it is astonishing. the whole concept behind the biden presidency was donald trump did a terrible job with covid, joe biden would rise to the rescue and save us from the pandemic etc. and this man literally literally is importing covid positive people across the border. that is astonishing, the least they do is keep them there for two weeks, they can infect other people. people who have preexisting conditions. this is disgusting, sick and horrible and goes against the theme of the joe biden for president campaign.

stuart: give me 30 seconds on how you see this playing out. large numbers of people from central america are on their way to the southern border and will arrive in the next couple months. 30 seconds on how you think it plays out. >> joe biden and company will keep them coming across the border, they want them here, republicans will complain about it but democrat see these people, and in a 1-party state, what you should do, as you did, as my parents you want to come to america, get your visa and password, coming when we are ready for you, this is not the view of the biden administration. the reckless, lawless attitude. make yourself at home, wait for your voting card down the road. it is appalling, disgusting and un-american. . good to see you again soon. and and the bottom line, it is

up 400 points. they are doing particularly well this morning. >> did i see, pull up the truck, and load up, did you say that? >> with two hands. my point is you have this bifurcation between old point and this new regime of tech where you have evaluations, and better news on the economy, the baby is thrown out with the bathwater and all growth stocks are trading lower. what you are seeing in the big tech complex is prices come down, they have the best court at the last quarter on record,

multiples are contracted. i'm not saying to back up that track, at this very moment, but if we get further weakness in these names you have to be a buyer. stuart: do you see any big problems six months from now when all the money has been flooding into the economy, covid relief money is out there being spent and still printing, do you see a real problem in the middle of the year when we are getting tired of this explosion in the economy, explosion in the market? >> if you administer a lot of medicine with what is happening with covid but in the markets, at some point there are some side effects and we don't know what they will be. when you have certain stimulus accounting for over 50% of gdp,

and there are consequences, and no reason in the immediate future to start with out of stock go someplace else coming in the immediate future no reason to do that? >> not at all. i knew the money from your left or right pocket, within the market we talked about this for some months, procyclical, gdp, consumer discretionary within tech. abandoning of woody's invest in fixed income. 's like stepping in front of the steamer would pick up a time. stuart: i like that, very good. back up the truck and use two hands. thank you for joining us, see you again soon. back to the markets. and the nasdaq is up 400 and

susan, game stock, no matter how much is that for the moment? >> it is a 900 plus rally. >> that makes the -- the most famous is doubling down last month. it is 100,000 which is worth $21 million, he likes the stock and no other reason he is buying in. apple is back in the theme of lows, it is close to being in bear market territory, apple was down 20% from january records big tech once again, like apple, and momentum growth plays the lift as well. you through the big.a, and cbs rallied 12% to a record high

yesterday after the airing of the oprah winfrey interview, megan and harry, which people watched today. i want to break this to you, the headline came through which might be stock positive, looks like the stimulus plan will be voted on wednesday in the house according to steny hoyer. stuart: house majority leader steny for your, vote on wednesday. >> that is correct. stuart: almost certainly going to go through in its entirety so the money is on the way. that made the stock positive. it is not doing any damage, still up 400%. more than 23 million guns sold last year. a lot of them went to first-time buyers too yet the biden administration fueling this huge gain in gun sales, we will get into it with pete and more than 17 million people tuned into the bombshell megan markel/prince harry interview.

roll tape. >> they were willing to lie to protect other members of the family but they were not willing to tell the truth to protect me and my husband. stuart: developing on that. megan's father is speaking out and he is defending britain's royal family. we will show you the clip after this. some say this is my greatest challenge ever. but i've seen centuries of this. with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;) it all starts with an invitation... ...to experience lexus. the invitation to lexus sales event. get 0% apr financing on the 2021 nx 300. experience amazing at your lexus dealer.

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>> this whole thing about color and how dark the baby is is

just [bleep] >> could have been just a stupid question. stuart: that was megan markel's father responding to his daughter's interview. let's go to london, the uk audience watched the interview for the first time last night. what was the reaction? >> mixed reactions many of which i have been getting on my phone through various what's apps groups. one of the most prominent pollsters in this country came up with some numbers and they found 36% of the british public, just over a third of the british public are more sympathetic to the queen in this feud if you will and the other royals versus 22% who said they sympathize more with harry and megan who just released this photo of their son archie. it is less mixed when you look

at specific age groups was only 9% of people in the poll, one out of 10, over 65, sided with the couple while close to half, 48% of the 18 to 24-year-olds, megan and harry get more sympathy from younger people and very little from older people. prince charles appeared today for the first time since the interview, smiling, joking, he didn't say anything about the allegations. that is quite frankly the attack the royal family normal takes in these situations, simply don't say anything. you don't need me to do the math. 36% saying they are more sympathetic to the royals, that only up to 58%, the remaining 42 said they sympathize with neither both were just don't care. that is one of the things that doesn't change when you look

across the age groups. there is a portion of the british public in the 20-25%, don't care enough to pick a side in this feud. stuart: thank you very much, on the side of the pond, joe can'ta. what is your reaction to the interview? >> the optics, nothing like watching a royal couple that is worth millions be interviewed by somebody worth billions in a villa that looks like the garden of eden talking about how hard they got it. the optics kind of struck me that way as interesting but i have a 7-year-old daughter, hoping i can mold her to be everything megan markel is not, she's incited division titles, a chronic complainer, plays the race card from the bottom of

the deck. this whole interview, cut off literally financially by the royal family after they left, just like you leaving this network and saying where's my paycheck? you are 36 million - 36-year-old and worth 10 million, this reach for somebody from the audience, i don't get it. 17.1 million people tuning in, that is three times the audience of the golden globes that usually gets a pretty good audience. still interest in all things royal in the states. stuart: president biden really struggled during his speech yesterday. he appeared to forget the name of his defense secretary. he stumbled, he lost his train of thought. he was confused. he was kept out of the public

eye, circled the wagon, defending them. this is very serious. it just doesn't appear to be strong and robust and truly healthy, hard thing to say but that is the way i see it. >> joe biden in 2016, when he left office in 2017 had energy. he made gaffes but the energy was there and this was a troubling pattern. i am not a doctor, when the 40 fifth president was in office, when you can't remember the name of your defense secretary who was confirmed recently, lloyd austin, the building he works in is called the pentagon, that is odd, it is awkward and a cause for concern and it tells you why president biden hasn't done a press conference yet, the first

president in 100 years not to do press conference, and no press conference from biden, white house press a very jen psake said there will be one, why wouldn't you give one with covid passing tomorrow. you need 3 weeks to prepare for press conference? something is afoot. i won't venture to guess what that is except he doesn't have a basketball game. stuart: something is afoot, something is going on. they are protecting him from something, or a from something and i am not sure what it is. quickly on the cancel culture, speedy gonzales, you know that story, he is gone. is this a generational thing where youngsters cancel out dad's cartoons, generational play here? >> it is not generational but ideological because in san

francisco not long ago the school names of george washington, in wayne, new jersey, george washington or abraham lincoln, those names, they voted to change, the fact that that got approved, to take away the guy that defeated slavery, the revolutionary war, you see this with cartoons, we saw it with the muppets getting a disclaimer, gone with the wind being racially insensitive, a movie from 1939, nearly 80 years ago, this is just a rolling pattern at this point, you never know when it will stop but he is an interesting poll. 64% of americans, nearly two thirds say cancel culture is a threat to freedom but a majority of democrats believe it is no threat so you see where this is resonating particularly with conservatives. it is not going to change

anytime soon with the tone it is setting. stuart: you are dead right. thanks for being with us today, you cover 3 different subjects and i appreciate that. mister cona, this week the house takes up a new gun-control law that would require background checks for all private firearms sales, all of them. it turns law-abiding citizens into criminals. full report coming up for you from capitol hill. the effort to recall governor newsom nearing the 2 million signature market but rick rick grenell doesn't think there's going to be a recall. why not? i will ask him about that. conch we started with computers. we didn't stop at computers. we didn't stop at storage or cloud.

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stuart: like everybody else we are talking about the harry and megan interview. here is a man named rick grenell and joins us now. you describe her as the american woke progressive. make your case.

>> here is the wife of a prince complaining about not getting something. i don't think there are a lot of people who feel sorry for this couple. we have seen this culture where woke is all about getting something and not doing enough for that, not working but wanting freebies and this interview with oprah just showed all of them complaining about not getting security, not getting money. how old is prince harry? in his late 30s, complaining his dad is cutting him off from money, there's not a lot of sympathy for him. stuart: he will never go back, maybe he will but i can't see them going back and i wonder what is the future for this couple? wants to predict anything? >> i am having a hard time

caring about two wealthy people talking about how they don't have enough money and wealth, signing netflix deals. stuart: why did 17 million people in america tune into it? i think you are like a lot of people and not caring about it but 17 million people did, enough to tune in for two hours? >> ever been driving on the highway and all of a sudden there is traffic bumper-to-bumper and after four miles and an hour and a half, a little car accident on the side? it is because everybody stops to look at car accidents and it creates a real bottleneck but the reality is we watch because it is a car accident and then we go on with our lives. stuart: i think you are right regrettably.

i saw you with my colleague charles payne who asked are you going to run for governor of california because there is a recall going on and i believe you replied, don't think there's going to be a recall, he's going to stay in office. why do you think he stays? >> what i said is i'm skeptical that the process is going to produce the 1.5 million verified signatures. i hope it does, we are working hard to get to that point. we have to million and verified signatures and now the new secretary of state appointed by gavin newsom is going to conduct this process and lead a process of checking all of the signatures and she is clearly told, has a mandate from the guy who hired her, gavin newsom

that this shouldn't go forward. we caught a state senator in california who said to a reporter it is our collective strategy to make sure that we don't get enough signatures so the democrats control this state, in sacramento, and they are going to have 30 business days after march 17th to verify the signatures, and your signature touches the box that you sign in. it can be thrown out because you stay within the lines. and in 2021. i'm concerned about it because california is a 1-party state,

i am trying to voice my concern and hopefully californians realize we have another week, we still need signatures, if you've not signed a petition, get it in right away because we've got to have so many more just to be able to come up against the strategy democrats are launching. stuart: sign that recall. rick grenell, thanks for joining us, we will see if he is recalled. check the markets, a lot of action, bottom line in the corner of your screen nasdaq up 440 points. boeing hit a session high, delivered 22 new jets in february including 18 max jets, net orders turned positive, and the electric car stocks, they

are up and susan will tell us why. >> the chinese names getting into the chinese market. they will likely deliver 12,500 cars in the first quarter of this year or slightly less, neo-is going to deliver 20,000 in the first few months of this year but all of these, 13% rally across the board because all three are going to raise cash, $5 billion according to reuters reporting in short the balance sheet in these uncertain times, targeting and getting a go ahead and some explosive moves with electric car names. stuart: look at tesla on the bottom, tesla up 14%, up $82 today. the ceo elon musk wants to

expand his space x internet service, ashley is following this story, expand space x's internet service, what is this about? ashley: 1000 satellites in space, stalling network, 10,000 users this program aimed at rural parts of the country that don't have, the internet. a request was made for a blanket license authorizing operation stalling terminals on earth stations in motion. that is an umbrella term for cars, trucks, valentine vessels and aircraft. smaller vehicles will wait on this. elon musk ten yesterday saying not connecting tesla cars, the terminal is much too big, for aircraft, ships, large trucks and rvs but even without

passenger cars, there's a potentially lucrative line of business. stuart: and up goes tesla, $81 higher, 14%. commercial airlines took a huge hit during the pandemic but the private jet business is absolutely booming, not just for the rich and famous, explain it all after this. at fidelity, you get personalized wealth planning and unmatched overall value.

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stuart: breaking news on the vaccine front. new york will allow all people

age 60 or older to get a vaccine and it starts tomorrow. vaccine makers all on the upside today. now show me the airline stocks. i asked to see them because they want the biden administration to create, to promote vaccine passports. ashley: it is the leading airline and business group the believe credentials have been tested and vaccinated for covid is the key to reviving air travel. the idea of vaccine passports is being pitched to the biden administration but it seems airlines themselves are not convinced be leaving regional credentials will cause confusion and would not be widely accepted leaving business groups say vaccinations should not be a requirement for domestic or international travel which contradicts what they were

saying. airline is the groups say the cdc should have a leading role in making these rules more legitimate so one group says yes but the airlines themselves say no. stuart: i've got an airline story. i did not know that frontier airlines is private but i'm told they are doing an ipo. is that accurate? ashley: they are again. frontier dropped plans for an ipo after they filed in 2017 but with hopes of a rebound in air travel the airline thinks now is a good time to go again. frontier is owned by private equity firm indigo partners, posted last year $225 million but it does believe domestic leisure travelers bouncing back faster than business and international trips and his position to bounce back faster itself. the denver-based airline plans to list on the nasdaq and the ticker symbol will be at are in

tea, frontier. stuart: let's not forget 1.3 million passengers went through the airport sunday alone. that is an increase. i think people are flying again. covid passports or not they are back in the air. speaking of which private jet travel is booming. the young man on the right-hand side of the screen inside one of these private jets. convinced me it is not just for the rich and famous and the ceos. will you tell me it has ordinary people? >> it can be if you divvy up the price among several her travels, if you flew in this plane once you might not want to go back to a commercial flight. you are seeing a change in who your customers are, not just

ceos anymore. >> the drama guard -- demographic of our customers is changed, not just the famous people, private travel is available to everybody now because you can break up the cost and get to some remote places that if you go on a ski trip, you drive to the ski resort, so you go directly to the closest airport and still do it economically. >> you can get a taste of why this would be a more comfortable way to fly but don't have to go through tsa and sit in the airport around a bunch of other people so during covid, people are conscious of that and that is why they are choosing chartered flights. >> convenience is a big factor, they can get on the airplane and step off the stairs of the airplane into a vehicle and on their way so the time savings is a convenience, they can avoid that, they are not as cumbersome as they are at a big airport. >> might not be for everyone because the price point, $6,000 per flying hour but it is

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do a sale they bring them to a dealer or to conduct a background check and it doesn't apply to certain transports like a loan between the two buddies who wants to go hunting but advocates call it a needed mechanism and forcing the existing law that would keep guns in the hands of people not legally entitled to them. the second part of the bill takes the 3 day window where the government completes back and check before it is up to the seller to move forward with the sale of they haven't heard back yet. >> the tragic consequences, it allowed the shooter to obtain the firearm used in the hate crime murder of nine people at the emmanuel ame church in charleston south carolina five years ago. >> critics say loose language could allow the federal government to indefinitely delay a background check's

result with no means for purchasers to get their weapon except to file petition asking for it. effectively stripping americans of their second amendment rights. >> in 2015 a new jersey woman was murdered by her ex -- changing the current 3 day procedure would prevent thousands from exercising their right to self defense. >> 3 republican cosponsors, there could be amendments. stuart: thank you very much. smith and wesson, 102% jump in third-quarter sales, 257 million guns sold. book oh share, a gun company, will this gun buying frenzy,

does it continue all the way through the four years of the biden administration? >> a clear view of the crystal ball, 2 segments that drive the new gun owner and the political mandates. they are concerned about what it takes to be protected, a liberal view on how safety is delivered in society. and 12 plus months driving the market to be higher than what supply can provide. it is definitely in our store. stuart: during the election

campaign, suburban people did not like guns and they want gun-control. are those suburbanites about buying guns right now? >> what policymakers need to understand is even though they had a biden voter -- they are buying firearms at the same clip, not greater then the traditional gun error. the area they were stricken with, higher rate of crime, some d funding and rioting going on. these individuals have a right as an individual under anybody's regime to protect themselves voting with their dollars, 8.2 at the end of last year and trending toward 11 million new gun owners traditionally in blue or deep blue areas, voting with their

dollars, if there's any legislation that comes out of restricting or use of firearm in those areas, it will impact those people and make their first purchase, providing protection for the family the most. stuart: what is the breakdown between long guns, rifles and pistols? >> beginning of the year or last quarter we saw a lot of personal protection, firearms, handguns, the biggest driver right now the first time gun owners making a second purchase, they own protection shotgun, now it is long guns. stuart: that is fascinating, thanks very much for being here today, come back soon. fascinating market for guns. thank you. show me chip only. they will add quesadillas to

their menu starting thursday but you can only order it on their apps or online and you cannot walk in and order it. the stock is up 5%. that is stability, $1,400 a share. meet beyond meat and walmart beyond, will now offer their hot italian sausages at 400 walmart stores. walmart stocks up 8%. meat is up 3%. a real retail success, a smack brand called favorite day, it launches next month. target powering up to the tune of one%, $178 per share. a check on the big board, to confirm that it really is a rally and a big one, 32,$000 for the dow in the nasdaq is up 400 points. more varney after this.

♪♪ like any other ♪♪ until shingles? camera man: yeah, 1 out of 3 people get shingles in their lifetime. well that leaves 2 out of 3 people who don't. i don't know anybody who's had it. your uncle had shingles. you mean that nasty red rash? and donna next door had it for weeks. yeah, but there's nothing you can do about it. camera man: actually, shingles can be prevented. shingles can be whaaaat? camera man: prevented. you can get vaccinated. baby, call the doctor. camera man: hey! you can also get it from your pharmacist! 50 years or older? . . .

stuart: money is the story of the day. look at this. the nasdaq composite up 3 1/2%. technically it is still in correction territory. i got that. but it is still up, 3 1/2%. that is a whopping gain. look at big tech. gains across the board, going straight up. apple up 3 1/2%. amazon up 3 1/2%. facebook nearly 4%. you know the story, significant

gains. look at google 2% higher. microsoft 2 1/2% higher. big tech is on a tear today but it has been down a lot recently. gamestop, there is another stock, on a tear, up 22% as we speak, $239 per share. that's gamestop. neil, it's yours. neil: thank you, my friend, very much. tuart said, technology coming back on a tear right now. more noticeable what is happening with tesla. that stock is up 14%. still deep into bear market territory. tesla, technology stocks, all going along for the same ride. this dichotomy between the two where cyclical friendly stocks tend to do better than the technology titans that that gots here, we're getting word from ocb, whatever happens on the stimulus front, indications they will vote for it tomorrow in the house, will be good not only for the united state