tv Varney Company FOX Business March 10, 2021 9:00am-12:00pm EST
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maria: have a great day. "varney & co." begins right now. take it away, stu. stuart: good morning maria, good morning, everyone. this is not your father's a stock market. it's a whole new investment world. look at what is really moving today. gamestop. i keep using this expression, but can't stop us up to the races again with a spectacular week, pre-market today gamestop at $273 per share. tesla huge rebound tuesday and it's up again this morning. we have a report that tesla will maintain its lead in lowering the cost of batteries for the next decade.
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that's a big deal. premarket tesla is at almost $700 a share. bitcoin has broken through the $56000 low again, 56700. now look at what i'm beginning to call old line at big tech stocks. they had a huge rebound yesterday. not moving far today, i can see green, but no spectacular gains this morning. overall, dow industrials on the upside again. the dow jones is up 170 odd points, s&p higher end nasdaq is up 82 points secured plenty of green today. today is the day that texas drops the mask of mandate. does it feel like back to normal? we will take you to texas and alaska becomes the first state to make facts nailed-- vaccinations available to everyone. florida and texas everyone over 60 so they lower the eligibility age.
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there is real progress with more than 2 million vaccinations each every day. right about now the voting begins of the house on the $1.9 trillion covid package. it's likely to pass in the checks will go out soon. the president addresses the nation tomorrow night, expected to take credit for the recovery. how about this, a top british newsmaker-- anchor starts off the set after he was sharply critical of may-- meghan the duchess of sussex and now he's being investigated by britain's press watch dog. what happened to free speech? there goes p morgan. the president staff desperately trying to stop reporters from asking him questions. what are his handlers hiding? vice president harris takes another call with the world leader without the president president. is she being prepped for the oval office already? wednesday, march 10, "varney & co." is about
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to begin. ♪♪ stuart: lets me go. let's get straight to this. president of biden's handlers sure don't want him to answer any questions from the media at the latest example, roll tape. >> we are going to move out. let's go, president. let's go. come on, let's go. let's go. stuart: the tape doesn't really tell the story. they are just a shutting him out, he can answer questions, get out is basically what happened at. 49 days without a solo press conference from
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president biden, longer than that 15 most previous presidents. we will get into this all the way through the day. what are they hiding? let's get to money, important subject for my future's a across the board. nasdaq is up 105 points. the nasdaq, by the way, at its best day since november yesterday. susan, big rally for big tech yesterday. today they are adding by the looks of this. susan: because there is no inflation. we just got the latest inflation numbers at the bottom of the hour and it shows pretty much still contained-- you judge by the amount of money coming into by the depth there's a lot of investor interest when it comes to big tech so bank of america said everyone bought the tech route last week. that's one of the highest inflows-- weekly inflows and over seven years with lpl research
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says since 1980, if you look at trends the nasdaq has been higher over 90% of the time six to 12 months out after a correction dip some in the nasdaq falls 10% from recent weeks like it did monday and also we have the house herein is starting our-- now trying to approve the nine-point-- 1.9 trillion stimulus plan. many millennial's will be reinvesting back into the stock market. stuart: interesting, they did by the depth big time, that money flowed right in on the dip. let's bring in shah gilani because i understand you are still cautious, that's not like you. you have been an aggressive buyer a big tech for five full years and suddenly two weeks in a row shah gilani is cautiously. what's going on? >> it's all about the 10 year treasury note as
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far as i'm concerned, stuart. if we see more volatility in the 10 year and we look to see, i think, we will see rising interest rates and i think the markets a bit overpriced relative to what may happen in terms of rising rates investors pulling money out of the stock market and into the bond market. that kind of volunteer the cash volatility, we have taken a lot of profits off the table and i'm hoping to get in actually the dip happened so quickly we didn't get a chance to buy in yesterday there was an amazing turnaround so i'm looking to try to get back in and i don't know if i will get the chance, stimulus checks coming i think the markets will lend higher, but we aren't out of the woods a sparse interest rates. stuart: is just not like you. unused or to bringing bringing you on the show and there goes shah gilani again, by big tech, by the dip and get in there while you can and all of a sudden i don't know if i'm getting it back in, i
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don't know if it has come back too far from the dip. it's just not like you. blood disappointing some of our viewers, do you know that? >> i apologize and i'm definitely looking to get back in. i'm afraid we've taken too much off the table because i don't know if we will get the dip i was hoping for. now i will have to get in at higher prices. expecting some volatility in the bond market and we may get a chance to buy lower but was too nervous checks coming in may not be the case. stuart: you know, there are hundreds of thousands of viewers at this moment watching you do a mea culpa. we will see what you say next week. we do think you are alright, though and thank you for joining us let's get to a stock that has gone straight up and i would be gamestop, $270 a share. what's going on? susan: in terms of gamestop, we are looking at the longest
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winning streak in six months already up 120% plus in the first 10 days of this month, looking at the highest since february 1, and there's a belief that the cofounder and now board member ryan will engineer a big turnaround at the company away from brick-and-mortar to online. it's been outperforming the other mean stop place in that it's going up with the nasdaq down where's the other rented place have sold off along with the nasdaq so that suggests may be gamestop may be more than a short squeeze with social media. big believer, growing kitty-- roaring kitty, $27 million and counting and he doubled down at the end of february and is proving to be a smart smart that. stuart: eight minutes into the show is so far we have talked exclusively almost about money. let's change the subject of this.
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texas open for business starting today. all businesses can operate at 100% capacity in the mask mandate has been lifted. fox and friend weekend cohost will attain is at a diner in texas. wears a hat, does it seem like back to normal in texas, will? >> 's to her, i will put this on for you because you are my favorite englishmen. good american, stuart varney. how does it feel today? feels like the way it should, stuart. the truth is texas has always felt free. this is government mandates catching up to the culture, the way they want their life to begin here at bill smith café in texas is 100% capacity in the mask mandate is not in place. people are out responsible living their
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lives. stuart, this is where i think your viewers will be interested, not just a business story but economy story. i am hearing when i grew up and when bill smith diner opened up it was a country road, country town and it's one of the biggest population growth towns and counties in the us took toyota, state farm had moved their national headquarters to collins county texas. and house does not sit on the market for more than a day or two people for their-- with their feet. they are moving texas from california, new york, everywhere, government catching up with people's desires in a move because they like it. stuart: i don't think people realize what a difference there is in texas and florida and other opened up states compared to the northeast. it's like day and night in terms of atmosphere. i like the hat by the way, will. a couple of guys in the background were making fun of that hat so you might want to take it off. >> who's making fun of that? stuart: the guy in the white shirt right there.
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he was having a laugh at you. >> the one at the bar right there? he's kind of a big boy. i don't know if i want to mess with him. [laughter] stuart: we will see you later. thank you. texas has lifted the statewide mask mandate, but austin, texas, has kept it in place. customers are required to wear masks in businesses. violators won't be arrested, but you can face criminal charges if you refuse to leave if asked., wyoming is the latest. they opened up march 16 and today is the 10th. checking features. plenty of green, dow jones of nearly 200 with a solid game for the nasdaq. did you hear about this, we told you earlier and we'll tell you again. pierce morgan storming out the set of good morning britain after repeating meghan markle
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oprah winfrey interview. watch this again. >> has she said anything about she cut you off, i don't think she has that you continue to trash or? >> okay, i'm done with this. >> no, no, no. >> see you later. sorry. can't do this. >> absolutely diabolical behavior. stuart: for once in my life i am with pierce morgan and by the way not only did he quit the show but he's been investigated by britain's media regulators for his comments. what happened to to free speech? a new survey finds 40% of small businesses are struggling to find quality labor. why? ten people still unemployed. we will get the lowdown with john lonski. he's next. ♪♪
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stuart: futures show plenty of green. in fact, the green level is writing, up 180 odd points on the dow jones. you will hit 32000 today in the nasdaq up about 170, another rally. another move up for gamestop. and had been up about 15% early and now it's nearly 8%, but $266 is the gamestop quote of the moment. shall make campbell's soup, express and build their. they reported before the bell. start with campbell soup's highlight. susan: not buying as much a soup during the covid-- as during the covid locked down, sales will fall to two and have% this year.
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covid lockdown to year ago when people were stockpiling. express, another mean stop play to kill the short up big in the premarket, up as much as 30%, higher sales and in january. he% of stock flow was a short itself the earnings may close off more shorts. then the bear, online sales more than doubling from last year helping insulate sales which took a smaller hit due to store closures in a less operating hours. build a bear is a tiny company which could be more a part for a short squeeze according to some analysts. stuart: i can see that and it's up 8%, could be involved in that now. i want to bring in the latest on the housing market with interesting stuff. howbeit-- housing mortgage applications up just 2% year-over-year. refinancing plunged, down 43% that's year on
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a year, that's a effect of higher interest rates refinancing is much list attractive. a survey which i find fascinating, 40% of small businesses say they are scrambling as they can't find quality labor, 40%. john lonski is an economist. welcome back. why cancel business with 10 million people still unemployed find quality labor? >> well, the first reason would be some people are unwilling to work because they are fearful of covid-19. they may get sick, their family may get sick. of course, the other reason is the supplemental and implement benefits may have the effect of discouraging people from taking a job. what i am struck by is the fact that here we are less than one year into an economic recovery and we have a record high percentage of small businesses
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claiming that job positions are hard to fill. was going to happen when the economy takes off? stuart: presumably, wages would rise. if you have to tempt people to come back to work maybe you tempt them with money. is about a possibility? >> money talks and in the month of february, that survey, that increase wages was relatively high, 25 points and that would average is something closer to 11-point so we already see a small businesses are under pressure to hike wages and salaries in order to attract employees and my guess is that pressure will only increase as the economy improves. stuart: but, we have no inflation at this point. the latest numbers say consumer prices at the consumer level went up
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1.7% over the last 12 months, that's negligible, no inflation problem, do week? >> we don't right now but if you strip out energy prices, consumer prices are up by even smaller 1.3% annually. you have to be concerned. it could be that late this year, 2022, these inflation pressures materialize and what-- once we reached out for me because of wages and salaries consumers have an easier time observing price hikes and that's when you could get yourself in trouble with price inflation, that's precisely what happened in the 1970s. i remember showing up for work and for no good reason i would get a 10% salary increase simply to keep up with price inflation. stuart: john, those were the good old old days. john lonski, thank you. see you soon p the one
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thing we have not checked-- we did briefly, bitcoin, 56400. susan: we are about 2000 away from record highs once again. i think people are bracing for the inflation figures. it shows we are still below the 2% federal reserve target so that means right now, we won't see higher rates at least and that means more risk on trade along with the tech stocks and i think that is moving bitcoin prices. i know you brought up some block chain minors and they should get a lift today thanks to the bitcoin prices nearing record highs again. stuart: there they go again, block chain up 10%. overall, we are looking at a rally at the opening bell which will take place in approximately seven and a half minutes.
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big day yesterday, very big day again today, up one and a half percent. big tech, moving again, on the upper five. i notice microsoft, i have some of it and it's up $3, one and a quarter precent. big tech up again today. roadblocks, it's a gaming company. it's actually a game creator as well and it goes up public today with the direct listing. gregg smith is here and he knows about this. that's not gregg smith-- there is gregg smith. greg, listen to this, roblox whose losses are up 250% year on year. they lost $250 million over the last year. what's makes this so attracted to you? >> good morning. it's an exciting week
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that we actually see incredible private companies to the public market that arts backpack. we will see roblox come to market today in a direct listing. what makes it so exciting, historically the videogame business has been dominated by publishers and where familiar with activision i've been around the industry for 20 years ago in 20 years ago he may see a publisher spend $5 million to produce one of these videogames hoping it would be a hit. today, $5 million probably wouldn't cover hair and makeup on one of these productions where they spent tens or hundreds of millions so what roblox has done is democratize the videogame creation process allowing our mentor schools, teenagers or anyone else that doesn't have or need coding skills to go out and create their own
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games, put them for the world to play and share in the proceeds, so it's really an incredible platform. stuart: one of my grandchildren is into this. i have limited time and i had to get to the other when. the amazon of south korea. they go public tomorrow. you have a piece of it. 30 seconds to sell it to me. >> it's incredible. i have been an investor in the last seven years and it's the amazon of south korea. i think this will be one of the best received ipos of the year and i think it will trade at $100 billion. they have a lot on the south korean market, the market, phone, alibaba will have a hard time entering and also like roblox they had been it -- benefited from the pandemic so it will probably be a quarter billion dollar ipo. i think it's an incredible company to
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watch. a great plan market. stuart: gregg smith, thank you. the opening bell is ringing and the guy from roblox is ringing that bill-- bell. we are off and running this wednesday morning. ) the get-go, up about 200 points dow jones, and the best enjoyed in the doubt 30 is in the green. how about the s&p 500? half of a percentage point up the dow jones, two thirds of 1% s&p so better percentage gain on the nasdaq, big day yesterday and another big day today, up one and a quarter precent. again stop them zero what a week that thing has had and it's up again 7% this morning, 264, gamestop.
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3% higher, up more than that earlier but it's now-- i forget what it was, but amc is another frenzy stock up 3%, $10 a share. they report "after the bell". huge gain today, 30% on the upside, $24 a share and since we just opened the markets, show me big tech, microsoft, apple, alphabet, amazon all up this morning. apple, now they have a news. number one, they are planning to build a mini silicon valley in germany. but start there . how much are they investing? susan: a billion euros worth and they will build a chip design center so part of the push to develop their own chips and other wireless technology and that will open late next year also the stock was under pressure after news report for
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the nikkei news reported apple is cutting its iphone 12 mini production by roughly 20% of the first half of the year. apparently the many not selling as well as the smallest iphone 12 offer and you are looking at the rendering of a new chip facility for apple. also, web bush is putting apple to its best ideas list for this year representing a great entry point for investors still targeting $175 over the next year for the stock. stuart: looks like it has stalled for now, down 121 as we speak. susan: you are so picky today because i think you are just spoiled with some of the bitcoin minors up 10 or 20% today. stuart: not to mention microsoft is up $3, spoiled yeah i got it but apple is 121. susan, it is show me ge
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i think they have a split coming. susan: at the reverse stock split meaning reversing the stock supply. that means for every eight shares up there it will be reduced to one and when you reduce the stock supply at booths the stock price in the proposal is from ge's board and should be confirmed in its fourth shareholder's meeting another headline was the confirmation of 30 billion-dollar leasing deal with air in ireland already pretty much pressed into the stock when the journal reported at monday. it's a good move for ge to reduce its debt load. stuart: keep an eye on the markets overall, 230 dow jones and of about 1804 the nasdaq. moving to dow winners headed by walgreens, boeing, salesforce, american express and goldman sachs. all of them are up about one and a half percent
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or more. s&p 500 winners headed by tesla up $41 today, 6%, $715 a share, tesla. how about the nasdaq winners, nasdaq-- sorry tesla is up there 6%. what else? the rest of them gaining nearly 3% across the board, nasdaq winners. how about eli lilly, a drugmaker it's up reporting positive results from an antibody cocktail treatment for covid, $206. combination therapy was shown in a late stage trial to reduce the risk of hospitalization and death by 87%, no wonder the stock is up here j&j come in the demonstration plans to buy an additional 100 million doses of its single shot vaccine.
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stock is 1508. disney plus has hit a major milestone, 16 months after it was launched. susan, let me guess what this milestone is-- no, no, i will leave it to you. susan: its 100 million subscribers and i think we read the headlines. 16 months on disney plus and remember how long did it take netflix? i will read my script again. stuart: what did you say? susan: how long did it take netflix, took netflix a decade and disney plus a 16 months but what i found interesting was that because of the fact they didn't raise their 24 guidance for subscribers, still 260 million on disney plus. i thought they may increase the guidance for the market but it didn't happen. the stock didn't really
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act-- react to that announcement and after reopening you heard the ceo on investor day say april is when they are to reopen disneyland to some visitors again i think that has helped the stock for the past week or so with the reopening theme has been pretty much priced in. stuart: reopening play, for disney i think and that's why up. next is harley-davidson, they reported their first chief electric vehicle officer. they are going to create a unit focused solely on electric bikes. i think i saw one yesterday in my neighborhood, harley-davidson $36 per share. quick review of various markets with the 10 year treasury yield 1.54%. price of gold as of now 1713. bitcoin $56000 per coin. 56400 is the quote and
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riot block chain the underlying technology for the block chain in the crypto's, $57 a share, up 9%. price of oil, 60-- $64 a barrel and gasoline prices are going up rapidly with a 2-cent gain overnight with average gas price now $2.80. barstool dave portnoy is here. i want to know how his new etf is doing any no space pizzerias view, one saved a business in new jersey. i will ask him about that. president biden still not taking any questions from the media, that's a clear contrast from his predecessor. let me take you back to the good old days. roll tape. >> any questions? any other questions? we seem to be in good shape. any questions? i have taken a lot of
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stuart: there is that automatically invest your money in the company's where you spend your money. how about that? i went to bring in aaron froug the ceo of griffin , that is the name of the app. so i walk into a store, say lululemon and i buy a pair of yoga pants and i get a stock purchase and lululemon along with
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my purchase of the pants in the money comes from my bank account. is that how your app works? >> yeah, that's the idea behind the app. we wanted to make it simple and human and to give people an opportunity to own the brand around their life so the way it specifically works is when you purchase at the company, you actually invest once per week so we wanted to make sure to protect people to not overdraft so let's say you make 10 purchases in a week and $10 from your account and invested. you make the purchase that lululemon and then he put 1 dollar in lululemon stock. stuart: okay. i got it. what you are doing this -- terrific idea. seems to me you're making it much easier for the retail investor, the little guy for want of a better word, to invest directly in
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easily in the stock market. that's what you are doing. >> yeah, that's the hope. we actually just woke up this morning to a tweet from someone who said, thank you so much. on 48 years old and it's the first time i've invested and i was excited to see my money move from my account and invested in griffin today so i believe that people deserve much better and there's a lot of opportunity to get started investing for the first time, so we have seen parents, grandparents, young and kids like 18 to 24 all different backgrounds and ages, 50% female, 50% male and i think it is supposed to be a transfer rate that makes people feel good and helps them get started investing and what is coolest the average person invests in 10 companies the first week using griffin so it's a great way to just get them invested. stuart: is it free apart from the 1 dollar per company that i
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take out of my bank account? is everything else free? i don't pay you for the app example. >> commission free trading and it costs us more money to help people invest then we make. we do receive an asset under management fee based on the cash in the account, but it's controlled by our custodian. the interest rate is close to zero, so we basically make zero off of that. stuart: how many people do you have on the app right now? >> we postdate tiktok video last week and he went viral and we ended up getting 13 million views, two and a half million like so we got 150,000 iphone downloads off of that and we have an awesome like android wait list and we want to be able to offer to android as well and there's a current waste lists-- wait list. stuart: aaron froug, i'm glad you are on the show and in the
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way are going you will be a billionaire before you are 32. thank you for joining us. very interesting. great stuff. come again soon. >> thank you so much. i appreciate it. stuart: now look at the markets, up again. dow jones up 300 points, 32100, on track to hit another record close, maybe if it closes on that track. goldman sachs and billing the biggest gainers of the dow 30 and together they add about 84 points to the dow jones 300-point game. a six accuser speaking out against governor cuomo in new york, gregory gerrit thinks he's in serious legal trouble. we will figure that out later. pierce morgan defending his decision to quit and as you see walk off the set, storm off the set of good day britain. listen to this.
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>> i believe in freedom of a speech. if i have to fall on my sword for expressing a honest held opinion about meghan markel and what she came out within the interview, so be it. stuart: i think the man is absolutely right. what happened to free speech? more coming up on the program today. ♪♪ lately, it's been hard to think about the future. but thinking about the future, is human nature. at edward jones, our 19,000 financial advisors create personalized investment strategies to help you get back to your future. edward jones. it all starts with an invitation... ...to experience lexus. the invitation to lexus sales event. get 0% apr financing on the 2021 is 300.
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stuart: checking the markets again with the dow jones hitting an all-time intraday high, 32024. ge way down now. it was up about three or 4% and now it's down 6.3%. remember they have a reserve-- reverse stock split. they have eight shares now and it will be changed into one share. tesla, they are up this morning again. now they are up for and how% following yesterday's a surge. weaning running commentary because tech is all over the place. susan: back about $700, just
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last week we were below $600 so it looks like tuesday's rally the 20% plus rally made new line mask $25 billion in 24 hours also positive sales numbers helped boost tesla shares. tesla sold over 18000 made in china and made in shanghai model three last month of february and that's explosive because if you think about it february had lunar new year shutting down the country for a week and in a shortened month so the fact that blowout numbers is a bullish and that means gold-- cathie wood bought more tesla shares friday. ubs also raising the price target last week and you will speak to someone that also raised their price target as well, which is bullish. stuart: i will speak to that person right now and his name is pierre ferragu, frequent guest on the program, tesla guy of the moment. you are price target is $900 a share.
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make your case, please. >> things, stuart. my case really stands out over the next couple of years. the burling-- berlin factory will come online and i think at the end of 2022 tesla will create 2 million vehicles and if you get the modern three today, they will do the same with the model why. today you pay 20% more for tesla in europe then compared to the us and china. if you add all of that up you get to make 2 million units at the
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end of 2022. 2 million usenet's-- units, $12 for name per share and it feels like a fantastic story. this is 50% growth current expectations, so imagine the train of earning revisions coming through in the next couple of years and that's what makes us convinced that tesla stock will remain very elevated. today tesla trades 75 to -- stuart: pierre ferragu is a true believer and he's been that way for some time on this program, $900 for tesla in the next couple of years. thank you for being with us. a few moments ago we put a whole series of electric carmakers, chinese electric carmakers on your screen
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, all significant percentage it gains today. it's a hot area. susan: definitely. nio, added a collective 13 and have billion dollars yesterday and as you can see they are doing it again today with a rotation back into growth momentum tech place along with tesla helping out the chinese ev names. that is good news when you bolster your balance sheet but i want to point out how you're just talking to pierre ferragu and talking about the future winners of the ev market with a kind of names trying to play for the same space. i would also note tesla has been winning the china market by cutting prices. they did it in the first few months of the year so they are doing the right thing over there. stuart: and they sure are with tesla doing the right thing, case closed. they are the leaders in this field and i'm told they make a good car.
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♪. stuart: i feel good. james brown. we play that a lot. why not? we feel pretty good. good morning, everyone, 10:00 on the east coast. left side of the screen is full of green. the dow is up 330. new intraday high. nasdaq is up 150 points. 13,200 is your yield. treasury is 1.54%. that is where it is now. gamestop not exactly the stock of the day, way up, almost 13, 14% higher. 281 on gamestop. now this.
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the president visits a hardware store in washington, d.c. the press corps standing just a few feet away shouts questions. the president says, absolutely nothing. his staff, in a panic did this. roll tape. >> come on, press. we're moving on. [shouting] >> let's go. stuart: they just shouted them down, they shouted down reporters. they hustled the president away, no questions. he being protected. they do not want a repeat of the monday's performance, he was stumbled became confused. couldn't remember the defense secretary's name. they are covering something up. request is vice president harris
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holding calls without biden being president. she talked with israel, norway. is she being groomed for the presidency already? the suspicion something is going on behind the scenes. that is very unsettling to say the least. second hour of "varney & company" is about to begin. ♪. stuart: all right. very difficult to talk about the president and his, apparent inability to answer questions freely. we'll get back to that in just a moment. right now, let's concentrate on money. we've got a is. a nice rally gon wall street. the frequent market guest on your screen, the one and only mark grant. we're up across the board all over again. is this. why are we up so much so
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suddenly? what is your analysis. >> part of the reason, stuart, is, the three-year auction went well. we have the 10-year treasury auction today. the 30 queries tomorrow. i can tell you a lot of large money managers are focused on what the outcome of this is going to be but seems like the fear of the inflation picking up and the fear that these bond auctions would not go well is over for the moment. as i told you on your show last time i was on with you, don't sell your microsoft. stuart: i won't. you're not exactly jumping into the equity market with both feet, not that you ever do but you're rather suspicious of this rally. you're suspicious of these lofty levels for stocks, i think, is that right? >> look, i'm a conservative investor. that is the just the kind of person that i am. i think everybody's portfolio, all individuals portfolio should
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be partially appreciation plays which microsoft would be one or tesla would be one and partially they should be yield plays, cash flow plays that you can get in closed end fund market and the etf markets to some extent. you have to know what they're doing. they are complicated but you can get some double-digit yields right now in the chosed end fund market and a couple of the the etfs, and it is my opinion, it is sound and wise and safe for people to both have yield plays. i can tell you at b. riley, you asked me before, we have almost 200 wealth advisors that are very confident and, if people need some help in this they can get ahold of me mark grant @bloomberg.net. myself as firm delighted to help
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them, in the appreciation plays and cash know and yield plays,. stuart: would you like to have a stab forecasting one year in advance where the dow is going to be in one year and when, where the yield on the 10-year treasury is going to be in one year? would you have a stab at that? >> you're putting me, your thumb is right on me here. i think the dow will be up about 5%. i think the treasury yield is very difficult to talk about because one or two things can happen. if we do see interest rates rise some more, i think the fed is going to be pressured by the government, that is part of the government. that the fed will be pressured by janet yellen to get more involved and either do an operation twist which means buying longer securities or even increasing the balance sheet to keep yields low. the truth of the matter is with the borrowing going on in terms of the programs that the biden
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administration wants to put in place we're going to have more treasury supply and, the government can only support so much. so i think that very good chance that the fed is going to become more active to keep the bond yields low. so, i'm not looking for any big rise in the bond yields over the next year. stuart: fascinating. thanks very much for joining us. we do appreciate it, mark. come back soon because i like the idea of a five, just 10% gain for the dow in the next year. that would put it to around 35,000 or above. we like that. thank you, sir. >> take care. stuart: a moment ago we showed you on the screen so-called shorted stocks. they were all way, way up. i see we have nvidia on the screen. what are the rest of movers, please, susan. susan: biggest video chip game
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mover in the world. debates in the house on the $1.9 trillion stimulus package. lower inflation numbers, means the federal reserve will stay a accommodative. you get 1400-dollar checks. the gray scale bitcoin trust, rallying along with bitcoin up near the record levels again after low inflation, more money coming into the economy. that is a good thing for risk assets. also square and paypal, same thing, these are bitcoin plays because they allow hundreds of millions of accounts to buy, sell and hold bitcoin. draftkings this morning, i counted four, five investment banks that raised their price target. highest, credit suisse calling it a 85-dollar stock. that is 20% away from the current levels. the guru at the moment, cathie wood, buying 800,000 shares on monday on a dip.
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stuart: wow, how about that. that is a vote of confidence there in draftkings up 8%. gamestop flying again today, susan. your analyses. susan: that is interesting. these gains have accelerated. we're already up 120% plus. i would say 140% plus at this point with these gains today. that is only in the first 10 days of this month. we're looking at a market cap now of $17 billion, highest since february the 1st for the stock. there is real, this is foundational belief that chewy's cofounder, gamestop board member, major investor, ryan cohn as you see will engineer a big turn around on the company. this is going away from bricks and mortar to online. the fact gamestop outperformed the rest of the meme stocks, gone up and stayed up, nasdaq went down, the other reddit plays sold off along with the nasdaq, that suggests to a lot
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of investors that gamestop is more than just a short squeeze social media play. meaning it has real foundations to turn this company around. now the big believer is roaring kitty keith gill. he doubled down on his stock holds at the end of february, turning out to be a very smart bet, stu. 100,000 gamestop shares, you do the math. 27 million and counting. probably more than that this morning. stuart: not a bad move. susan: do the math. you're good at that. stuart: 290 bucks a share. no i'm not. susan, thank you very much indeed. i want to get back to the editorial i launched at the top of hour the president biden's handlers keeping the press away no matter what, no questions. liz peek joins us now. she is on the phone with us. liz, you heard my take. i find this very hard to talk about, i'm questioning the president and his ability to do the job. are his handlers hiding something do you think, liz?
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>> well, stuart, you're not alone. recent "rasmussen poll" shows 52% of the country, 52%, think that biden may not be fit for the job. why is that? because of just exactly what you're talking about. we can't have a president still hiding in his basement. that is effectively, figley what they're doing. they cut the feed not once but twice. once when he was talking to the democratic caucus. one he was doing a roundtable. you have to wonder what is it that they are hiding there are other questions raised by this too. why is kamala harris so prominent all of a sudden? who is in charge? this is sort of the great guessing game in washington right now. who is setting the agenda? who is deciding what policies they should push forward on and
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what they shouldn't? you know, more and more people are coming to the conclusion that biden is not in charge of this white house. stuart, he needs to get out in front of the american people and reassure them because this is a horrible situation. not just for biden but also for the country. stuart: wouldn't it be nice to see the white house press corps, the media itself, demand a press conference, demand answers to the questions which they legitimately have? sorry i'm out of time, liz, but i think we're dancing around a touchy subject here which we will return to, which is very important for our country. liz peek, thank you for joining us this morning. always a pleasure. i will go back to something else here. it was a wild scene. piers morgan, a british anchor after major league tv show there called, "good morning britain." he stormed off the set after
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ripping meghan markle's oprah interview. watch this again. >> has she said anything about, she cut you off? i don't think she has, yet you continue to trash her. >> okay. i'm done with this. sorry. no. sorry. >> that is -- >> that is see you later. >> i'm being. >> sorry, can't do this. >> absolutely diabolical behavior. stuart: there's more. now he is being investigated by britain's media regulators. what happened to free speech? weir going to cover this until the end. new numbers. show the scope of the migrant crisis, 100,000 a rifle ales in the last four weeks. -- -- president donald trump demand the rnc stop using his likeness to fund raise. they are pushing back. rnc chair ronna mcdaniel responds next. ♪
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and males measuring more than 40 inches may have insulin resistance. to learn how to reverse insulin resistance and lose weight effectively, go online to golo.com. once again, that's golo.com. stuart: wednesday morning, march 10th, the markets, well the green is holding that is the bottom line. dow is up 300. nasdaq up 1.1%. that is a rally. the dow, by the way, did hit an all time intraday high earlier. here are the winners, walgreens boots, goldman, dow, ibm. biggest gainers among the dow 30. president trump says the rnc, the republican national committee, has to stop using his name and likeness. the rnc says they have every right to use it.
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ronna mcdaniel is the chair of the rnc. she joins me now. you know what is coming. you have a split party, are you going to go use mr. likeness when he says you shouldn't? have you met with him to discuss this. >> i will say, stuart, the republican party is much more united than people think. we're not the royal family. we're getting along very well. i talked to the president several times over the weekend. he just put out a statement over the weekend saying i support the republican party, i support the gop committees but here is the difference. he is creating an entity he will engage in primaries, he will endorse candidates. the rnc doesn't do that. we're focused on the general election and getting those candidates once they win the primary across the finish line. i will do voter registration and building that infrastructure. of course he will be raising money to support candidates that he supports. stuart: is the leader now, of the republican party? >> yeah, he is.
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we just came out of an election where he received 75 million votes and -- [inaudible] stuart: i'm sorry. i have to interrupt. the audio that i'm hearing, ronna, i'm terribly sorry, i don't think the audience can hear it probably can't hear exactly what you're saying. we better try to fix that. i do apologize, ronna. you just adjusted your coat. have we got it fixed yet, yes or no? no? okay. got to move on. we'll go back to ronna when we got the audio fixed. quick market check while we're fixing ronna's audio. 300 up for the dow. i have news on the vaccine front. one state has opened up vaccines to all-comers, all adults, that is. ashley, come into this please. who is it?
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which state? >> the great state of alaska, stu. the last frontier but certainly the first state to drop eligibility requirements for vaccines. anyone in alaska, 16 years or older who lives and works in the state is able to get a jab. a has can's republican governor mike dunleavy calls it a game-changer with the just with a population over 700,000 people. alaska reported 57,000 cases of covid with just over 300 deaths, but anyone who wants one can have one with regard to vaccine in alaska, stu. stuart: i think if supplies flood the country, pretty soon most states will offer vaccines to adults of all ages i suspect. i have another one for you, ash. this is about the border. we have a record number of migrants detained at the border last month. give me the number please,
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ashley? ashley: more than 100,000 migrants on the u.s.-mexico border over the past four weeks. that by the way, a five-year high for this time of year. now the massive surge has taken the biden administration by surprise and is now scrambling to provide resources for a very large number of children and families. more than 3200 unaccompanied migrant children are now in custody of customs and border protection. 3200 children. border authorities are encountering they say, 4,000 to 5,000 migrants every day, included in that are 500 unaccompanied children. so obviously a massive surge. critics say it should come as no surprise, because president biden has made it a priority to unwind the trump administration's immigration policies. and that is the result. chaos at the border, stu. stuart: yeah. he invited them in, ashley. thanks very much.
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what a ride! i invested in invesco qqq a fund that invests in the innovators of the nasdaq-100 like you become an agent of innovation with invesco qqq stuart: we fixed the audio and ronna is back. here is my question, the president's handlers will not allow him to answer any questions. this is a very difficult thing to talk about but it seems to me they are hiding something, what are they hiding? >> same thing they were hiding during the campaign when he sat in the basement day after today day after day. we're 50 days in. this is unprecedented. he won't talk to the press. there is a lot of questions, stuart, is there a crisis at the border? why aren't our kids in school? are we going to -- stuart: ronna, that is not the point. ronna, that is not the point. the point is they're protecting him, it seems like from himself. >> yeah.
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stuart: his own inability to answer questions without stumbling, looking very slow, looking totally unfocused. that is what they're hiding here. you know, this is a serious thing. >> yeah. when will the media start saying this? you're saying it but imagine if this were a republican. they would never let them get away with this. there are story, of a story, are they fit for office, what is going on here. there is something going on. they need to get joe biden in front of the press, and he needs to start talking to the american people. i don't know. stuart: you think something is wrong? >> he seems to be not all there right now. i don't know. we got to keep looking. he has got to start answering these questions. talk to the american people. this is a continuation of the campaign. stuart: very difficult to talk about. talk about it we must. ronna, thank you very much for being with us. we do appreciate it. quickly to the markets, the rally still holds and let's have a look, yeah, we're up 300, 280.
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have a look at big tech, please. i believe bank america says investors were indeed buying back into the, buying the dip in big tech this week. susan, do we know how much money they put into big tech? susan: yep we do. great interview with ronna, really nailing her what you wanted to know about president biden. i appreciated that. now if we get back to the markets, yes, big tech, there has been rotation back in. people are willing to buy the dips. still a lot of investor interest. bank of america says, basically everybody bought in last week during the tech rout. one of highest inflows, weekly inflows in over seven years. also historically lpl research, interesting analogy and analysis, saying since 1980 the nasdaq has been higher over 90% of the time six to 12 months out after a correction, meaning 10% down for the nasdaq from recent peaks like it was at the end of
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monday's session. also, remember, that we have the house hearings starting. that is another 1.9 trillion coming in in stimulus money. deutsche bank says millenials, 50% of them will be reinvesting the 1400 check back into the stock market. there is still a wall of money and interest to buy, stu. stuart: sure is. thanks, susan. a new sexual harrassment allegation leveled against governor cuomo in new york. that makes it six women making allegations so far at this point i should say. go to bryan llenas in brooklyn, new york. who is the latest accuser? reporter: stuart, the albany times union the sixth accuser is member ever the governor cuomo's executive chamber staff. that she told her supervisor recently the governor inappropriately touched her late last year during an encounter at the governor's mansion where she had been summoned to do work. yesterday governor cuomo responded.
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>> i'm not aware of any of the claim. as i said last week this is very simple. i never touched anyone inappropriately. reporter: but the "times-union" reports that the governor's office was made aware over the weekend and referred it to the state attorney general who is conducting an independent investigation. at least 76 new york state lawmakers and counting by the way, are calling for cuomo's resignation or impeachment. as six democratic state lawmakers wet a letter to governor cuomo demanding that he turn over all correspondence and documents pertaining to his book deal lauding his pandemic leadership skills. they want to know if the book deal was the motive behind his top aides reportedly altering nursing home data in a public report making the death toll appear lower than it actually was, weeks before that book was announced. daniel arbini, whose father was one of the 15,000 seniors that
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died of covid-19 told fox news digital this, the best-case scenario the profits go to fund for grieving families. there should be a fund set up. como said he has in the past would donate some of the proceeds to covid-19 relief. there is no evidence of that. his acting counsel answered questions on cuomo's behalf on that press conference the first time since sexual harassment allegations arose. perhaps the advice from his lawyers since the scandal started. stuart: thank you. bryan. gregg jarrett, our legal guy for the moment. governor cuomo clearly has a huge political problem. my question to you as a legal analyst, greg, what is the next step legally? can he be forced out legally? >> sure he can and look, there is a legal process called the new york state constitution that lays out the process for impeachment. as bryan pointed out 76
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lawmakers and growing are calling for his resignation or impeachment. so i think that will move full steam ahead as more acausers come forward. but he is also in criminal jeopardy on a couple of fronts. first of all the fbi and the u.s. attorney in new york are investigating obstruction of justice, fraud, conspiracy, false statements relating to the alleged coverup of thousands of nursing home deaths and so, you know, clearly he has sovereign immunity from making the initial decision but that does not cover him for things like obstruction of justice and fraud. and finally, you know, it is a crime under new york law in the penal code to forcibly touch some one at least, if not more of the allegations fit the legal description as well as the crime of harrassment in new york.
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you have got those three fronts. i would add to that legally some of these accusers could file money damages lawsuits for sexual harrassment against the governor. he is in denial and so far has offered nothing but anemic denials, insipid rationalizations, vacuous excuses. it won't wash. he is in deep trouble, stu. stuart: gregg jarrett, thank you very much indeed. appreciate you being here. gregg, thank you, sir. still holding that rally, bottom right-hand corner. the dow is up 250. all right, ah, ah, the power of a pizza review. roll tape. >> 8, 9, kala brea love the pizza. as good of a thin pizza as i ever had. stuart: that guy is really good on tv he just saved a business with his pizza review. he is on this show today at
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11:30. plus the domino effect, amazon workers pushing to unionize in alabama. what could that mean for a big union town like chicago? jeff flock on that story after this. ♪. [announcer] durán catches leonard with a big left. ♪♪ you can spend your life in boxing or any other business, but one day, you're gonna take a hit you didn't see coming. and it won't matter what hit you. what matters is you're down.
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♪. stuart: i think i better call this a moderating rally. it is not quite as strong as it was earlier. the dow is still up 260 but the nasdaq is up only 40 points. amazon in a battle with its workers in alabama. they want to unionize, amazon is fighting it however the workers fight is probably, indeed it is is spreading to other cities. come in jeff flock in chicago. i take it the union push has arrived at amazon chicago, has it? reporter: well you, stuart, i'm standing in front of amazon's
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latest acquisition. it would be the biggest factory in chicago, maybe you see it back there. it is now home to more than 100-year-old chicago steel company. they just bought it. if they're having trouble with the union down in alabama, can you imagine in a union town like chicago what would happen? in terms of the battle down in alabama the union now says that more than 1000 workers from around the country have contacted it about spreading the union elsewhere. take a look at this statement to "the washington post," also by jeff bezos as well as amazon. more than 1000 amazon workers from around the country have reached out to the rwdsu, retail, wholesale, department store workers union, seeking information about working at their work places, unionizing their work places. it would be a huge blow to amazon if that were to happen. a company, in a statement to fox business says, in terms of
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alabama, we don't believe the rwdsu represents the majority of our employees views. our employees choose to work at amazon because we offer some of the best jobs available. it is hard to argue with that, stuart. you look down in alabama. they offer $15.30 as a starting wage, minimum wage down there is $7.25. they also offer health, vision, dennal insurance to new employees. they say they treat their employees well. amazon is, well, it is an amazon. if you look at the map, they have got these fulfillment centers in 33 states across the country. 110 of these fulfillment centers. if the union were to come there, whoa!, that might really change the way they do business. but you know, in chicago, i don't know how you operate without a union but i guess we'll find out. stu? stuart: maybe. all right, jeff, thanks very much indeed.
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mr. flock in chicago. that is amazon's position with unions and wages. let's have a look at amazon's stock. susan, what's with the stock today? i see it down 12 bucks. susan: it was up close to 2% a few minutes ago but now we're lower. we have new news from amazon, amazon music launching a shopping experience. it makes it easier to find merchandise and swag on favorite artists which again, you know, if you, you can criticize their business practices but when it comes to their business ventures they do well, when it comes to the evolution and evolving. so tesla is another stock i want to highlight, up again after the 20% rally yesterday. it is really coming off today, isn't it, stu? we were up 3% a few minutes ago. now we're lower in the session. i think some of this froth might be coming out. china sales were actually fantastic in the month of february for tesla. it was up despite a shortened month and a week stoppage owing
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to the chinese new year. boeing, there is a quick turnaround taking place. boeing is still higher. it is helping lift the dow. the gross momentum plays, palantirs, crowdstrikes, do you docusigns, they come off the correction. crowdstrike was up 2, 3%, a few minutes ago. same thing with docusign. it is interesting, maybe they're selling off on the rebound. david tepper, stu, a you know, hedge fund titan, he actually said this morning this reprieve when it comes to higher yields might only be temporary. i think the stock market might be reflecting some of that. stuart: my interest in that, gentlemen, whether or not he will file a tax return in florida or new jersey. susan: or new jersey? stuart: there you go. susan: question can be asked of a lot of people. stuart: indeed. talk to me about robe roblox cre
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gamings and gaming company. i was told they're going out $45 a share, right? susan: direct listings you have a reference price, priced at least $45. looks like right now indicated open is 65 to $70. so that means, what, is that 30%? almost 40% up from the reference rate? that is pretty much in line with the first day explosive debuts for unicorns. last year was over 36% on day one. that is the highest average we've seen since the dot-com bubble going back 20 years. we're on track for something pretty similar and kids game-maker. 33 million daily active users. almost doubled last year. 50% of the users are younger, 13 years, much younger than that. a great company democratizes game development. me and you can develop our own games and get paid for it.
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they paid out 1200 of these developers. but at a 30 billion-dollar valuation, stu that is almost seven times what roblox raised cash at 11 months ago. opportunistic, right? given rally we've seen. close to record levels for nasdaq and technology. stuart: real fast, susan when they go out with a direct listing who gets the money? susan: they do. early investors and early employees. they are not raising cash. this is a not an inpe. this is opportunity for early investors to got out. which is better because the ipo process may be broken only rewarding wall street hedge funds that get in, make the quick turnaround, fast money in 24 hours. stuart: thank you, susan. let's watch this again. big time british tv news anchor piers morgan storms off the set of "good morning britain." he was challenged on his meghan markle comments. he is now leaving the show. ash, what more do we have on
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this story? ashley: well this outspoken co-host, he is not adverse to controversy is he, piers morgan? he is out of the morning show in the uk. during a heated discussion on the broadcast, morgan said he didn't believe a word meghan markle said. adding he wouldn't believe her if she read him the weather report. that led to an argument with the colleague, the weathercaster no less, on set who suggested morgan was really more upset because markle had ditched him as a friend. take another listen. >> has she said anything but since she cut you off? i don't think she has yet you continue to trash her. >> okay, i'm done with this. sorry. sorry. >> no. maybe, see you later. >> i'm being -- >> sorry, can't do this. >> absolutely, diabolical behavior. ashley: sorry, can't do this i'm out of here. later in the day morgan actually officially quit the show, ofcom, uk media received 41,000
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complaints over morgan's comments. a number of mental health groups are criticizing him for not believing markle's experiences about having suicidal thoughts. today morgan remained defiant. he said the cancel culture has not silenced him. take a listen. >> i believe in freedom of speech. if i have to fall on my sword for expressing an honestly held opinion about meghan markle and that diatribe of bilge she came out with the interview, so be it. the woke crowd, they think they have canceled me. i think they will be rather disappointed. when i reemerge. ashley: diatribe of bilge, boy there is an expression. he remains defiant to the very end. that is piers morgan, stu. stuart: i would defend him. not like me to defend piers morgan because i disagree vigorously with him before but i would defend him. that is free speech. if that is the way he thinks, he is paid to offer opinions, get
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on with it. why the investigation? because he was harsh? whoopteedoo. can't take that? it is pathetic, pathetic in my opinion. ashley: agreed. agreed. stuart: that's us. good. we better move on, ash, before we get in real trouble here. arizona highway checkpoints shut down so agents can help deal with the migrant influx. it is still not a crisis to the white house. just a challenge. ben domenech here on that 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 ;)
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arizona checkpoints saying they're overwhelmed by the migrant surge. fox news contributor ben domenech is with us now. ben, it is a crisis, it is exploding. do you have any idea what this administration will do about what to me amounts to an invasion? >> i don't think they have any idea themselves because this is a direct and predictable consequence of the policies that joe biden supports. that's really going to put them in a bind. you need to keep in mind how much of this is motivated not just by his policies but by the interests of the mexican cartels which are engaged in a real business practice in engaging in this human migration effect. you may have seen reporting at "the federalist" and confirmed by reuters just the other day about the fact that the cartels are now using wristbands allow them to prove the people coming across these various migrants paid the right cartel in order
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to be safe when they are crossing. that is how much this is something that is being tracked and it is fueling a cartel war going on across our southern border this is something unfortunately the biden administration, with their policies is absolutely incentivizing. it only means more money for that drug war, for that conflict that endangers a lot of people along our southern border. stuart: we're not allowed to ask questions. the media cannot ask this president questions about that or anything else. now i editorialized on the show, i don't know whether i've seen this or not it seems they're hiding something. if they're protecting him, no questions at all, no, no, can't answer questions, they're protecting him from something. is there something wrong with the president? >> look i think that we are reaching a point now where we have to be open about asking this question because we know the kind of softballs he got during the campaign from the media that is mostly going to be nice to him, compliant, throwing
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out, i think some questions that will be much softer than the ones that were faced by president trump f they're not even willing to put him out to face that kind of treatment, what does that tell us what they think would come from that situation? if is handlers around him are not willing to put joe biden out there to talk to the american people with this and other issues in an unscripted way a lot of us have to raise concerns about his state of mind and his dedication, his plan for us frankly to deal with all the different challenges. stu, i want to say, echoing your previous segment, i completely agree with you about piers morgan. if you're paid to be on tv to offer your opinions that should not result in the kind of complaint we saw, absolutely everyone should be able to free to question meghan markle or anyone else in terms of expressing disbelief. stuart: i can't believe that the brits who have a lot to do with free speech, it is the mother parliament of free speech, they're the ones who are now investigating piers morgan for
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his comments about the duchess of sussex. i find that absolutely unbelievable. i'm very glad you agree, ben. >> totally. stuart: i have known piers morgan a long, long time but i am on his side. >> disagree with him on things, absolutely. we should be free. stuart: on american television, he said, he pitied americans because they're all attached to their guns. i think he called us stupid at one time. i editorialized against that but i'm with him right now. ben, it was a pleasure. thanks for being with us. see you again soon i hope. yes, sir. big hour, still ahead, look what we have for you, including interview with barstool's dave portnoy. he is back on the show. i think we're in a turning point in this pandemic. yeah, i think we are, but who gets the credit? it should be president trump but i think it is going to be president biden. i think he got lucky. my take coming up, top of the hour.
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that's the company i do business with. and i don't see doing business with anyone else. - [narrator] if you've bought gold in the past or would like to learn more about why physical gold should be an important part of your portfolio, call to receive the complete guide to buying gold, which will provide you important, never seen before facts and information you should know about making gold, silver, and platinum purchases. for faster wealth protection request a digital version of our complete information kit which will be emailed for faster delivery. - pick up the phone and call america's gold authority, u.s. money reserve. with nearly two decades in business, over a billion dollars in transactions, and more than a half a million clients worldwide u.s. money reserve is one of the most dependable gold distributor. i think the market is overpriced.
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i am expecting some volatility in the bond market and we may get a chance to buy a little lower but with stimulus checks coming it may not be the case. >> it seems the fear of inflation picking up and the fear these actions would not go well is over for the moment. >> they are fearful of covid. a record high% of small businesses claiming job positions are hard to fill. what will happen when the economy takes off? >> want to make it simple and human and give people an opportunity to on the brand. ♪♪
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stuart: a great voice. 11:00 on the east coast and it is wednesday march 10th all day. the markets, real volatility on the nasdaq. i checked ten minutes ago and it is down. at "the opening bell" it was up 160 and now the nasdaq is up 45 points. look at it now. where is it right now? microsoft is up. apple, alphabet, amazon, facebook are down after yesterday's big rebound. does this have anything to do with the big tech treasury going up a tiny fraction? one.5%, i don't think it has anything to do with the market at this moment. that is a sidebar issue. 153, the 10 year treasury. and now this.
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a sweet spot, we are at a turning point in the pandemic. the economy is expanding rapidly. more than 2 million vaccinations each and every day, restrictions ending, in many parts of this country it feels like we are almost back to normal. my opinion it is donald trump and republican governors who got us here but it is president biden will take the credit. like it or not it is president biden who is in the oval office just as we come out of and recover from covid. i think he got lucky. he didn't develop vaccines in record time. he didn't open up texas or florida which are now booming and he didn't open schools. he didn't do anything while his fellow democrats were making a mess of new york, california, illinois and all the other lockdown states but he will sign the $1.9 trillion covid relief package which delivers checks to just about everyone. that is the clincher. that makes you popular.
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i call it a successful vote buying strategy. the time is perfect for biden. dreadful for trump. just as republican policies succeed the president gets to make an address from the oval office and take the credit. not taking question, hasn't a clue what to do about the crisis at the border but he has gotten lucky. just as his predecessor's policies and your taxpayer money make him look good. the third hour of "varney and company" is about to begin. ♪♪ stuart: silly rally across the board. it is up and down for the nasdaq but at the moment on the upside to the tune of almost 1.5%. mark tepper joins us now. i want to talk roadblocks. it could be the stock of the
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day. it was supposed open around 45, indicated to be 65 or 70. you are not impressed with roadblocks. what is your problem? >> my kids are addicted to this game. the game looks absolutely ugly to me. have you ever played pac-man? stuart: yes i have. >> the graphics are similar to pac-man. it is not an impressive looking game but it doesn't matter if i think it is a pretty game or an ugly game, my kids are addicted to it and at the end of the day if you look at all these videogame companies, videogame stocks it is all about free to play in game purchases. they get users to sign up, play the game and then you have the by this and that and it leads to considerable revenue for the company. the issue i have with roblocks other than i don't like the look of the game but for our
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clients, i don't want to buy an opioid at the opening trade. the people who make moneys with ipos i getting in at the ipo price. it could be a great investment but if you're buying and it 65, $75 it is more difficult to make money. stuart: forgive me for asking this but do you ever feel there is a generational problem here? you are talking about your kids playing roblocks games, i talk about my grandchildren doing things i don't understand. you can't be 50, you've got to be well under 50 and you still have this generational problem. >> i do. i turned 40 a few months ago. a scary birthday for me. i've got this problem. i was skiing with my friends this past weekend and my oldest
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daughter met up with one of her friends, she was dying to see one of her friends while we were skiing and we sat down for lunch and they were both on their phones the whole time. i hope they are released texting each other. there's totally a generational gap. younger kids are addicted to their devices. stuart: do you think you understand this new technology that is coming along? we have a guy on the show this morning who has an apps, you get into this apps, walk into a store, you buy something and through this apps you just spent one dollar on the stock of the company which you just bought a product from. that is brand-new, revolutionary stuff and i'm not sure i understand it. >> i can't say i understand all of it either. i have a decent edge in that i have a little bit of youth on
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my side but it is pretty crazy and trying to keep up with all this technology that is coming out whether it be the robin hood thing we've been talking about for the last month, the free trading system. are you really getting something for free? there is no such thing as a free lunch, you will pay for this free trade somehow. a lot of this technology you have things happening, in my opinion there is less transparency for the consumer so technology is great, innovation is great but at the end of the day all consumers want transparency and the situation you just mentioned i wonder how much transparency is really there. stuart: for a man who just turned 40 you sound awfully old. sorry about that, tepper. i will be 73 in a couple months. you just don't know. i was waiting for the
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compliment. for a youngster you are all right. and it is an op-ed from doctors in usa today. the cdc misinterpreted our research, it should loosen the rules. lawrence is really passionate about this getting back to school, back to in classroom learning. i want to know why we don't have all schools all over the country open right now with teachers teaching in the classroom. >> that is the bottom line. we saw from the cdc and anthony
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fauci they were honest about this until the big lobbying got involved, it is proven based on the science the kids can return to school. the teachers unions are asking for additional stuff to make them safer and when the school district have done that they still don't want to open. we've seen school districts tell their teachers they should hide when they are on vacation. don't put them on social media. we've seen teachers union presidents figure kids to charter schools and private schools while the actual kids in public school aren't allowed the damage ineffectiveness will be catastrophic. we started to see it. kids started to cry. not only from a mental standpoint, kids are missing
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scholarships, what was never reported is what this does is to society as a whole moving forward. it is estimated that these could make 6% to 10% less in their career because of this missed year but no one is talking about it because it is not a sexy topic. i don't think it is sexy having kids in the school -- miss school. it is sad and the teachers union need to be held accountable. stuart: i blame president biden because he hasn't stepped in forcibly and said get back to work. he should be saying that. >> he can say that but he's not going to say it because it is a powerful union, democrats overwhelmingly supported by this. stuart: time for a change over. i want to talk about something i find difficult to talk about it that is the president of the united states hiding from questions and i want to know
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why he is hiding. i suspect in some way his performance is just not up to the job and i am wondering if you share my feelings here. it is hard to talk about it but do you share them? >> it is not hard to talk about because i stay away from medical diagnosis because i'm not a doctor but i believe my eyes and i believe my ears and what i do know is joe biden was once known as the greatest retail politician. they wanted him talking with people because that is what he did well. he could talk about anything at any point. they are not doing that. that suggests there is a problem. every time he goes on the record he has some type of gas, forgetting things. i can't talk about the science of this because i don't know. i do see a problem and this
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shield his staff is creating, we did see as one point when the staff tried to control the environment that he tried to do it anyway. that tells me there's a big problem and americans are entitled to hear from their president. the reason this is being discussed is you had a former president with so much access, he was old in age as well and he was able to connect with the people even with an unfavorable press. the question is when you have a press that is by and large in the tank for this president and still don't want to take questions americans are asking questions. stuart: i'm glad you addressed this and we appreciate it. >> you do look young. i know you are 73 but you are doing quite well. stuart: flattery is the milk of
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television and i love you. thank you. see you soon. look at those markets, not bad. 52 up for the nasdaq and look at draft kings. look at them go. what is the story? >> the nasdaq rally, the one% rally seems to be fading. collaboration with you and going there. and draft kings, $85. and what you see on the screen. and ge is going the opposite direction. $30 billion deal to merge
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aircraft, on the markets, you buy on the rumor sell on the news, the stock split reducing the supply in the market lifting prices in the future. disney plus had 100 million subscribers in 60 months in disneyland opening in april, those are the highlights from investor day yesterday and game stop just hit and crossed $300 apiece. why don't you ask pouredknowy about that. stuart: i promise you i will. he is on the show and that question will be asked. >> ask why ford is one of the top holdings. stuart: it is one of the top holdings and i don't know why but i will ask him. thank you very much. now this was the biden administration, no crisis at the border.
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>> we are open, we are free. i don't have to wear a mask. >> estate restricting or 17-year-old boy can choose to jump onto a bull and ride it can decide whether to wear a mask or not a mask. stuart: that was good. that was fox and friends weekend cohost will kane in a diner in texas earlier this morning. why was he there? the lone star state is 100% open for business. a republican from the great state of texas joins us now. the mask mandate gone. businesses 100% capacity if that is what you want to do. the feeling in texas the pandemic is over? >> thanks for having me. people are doing their best to keep businesses open in texas with my daughters are in school. they've been that way since
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summer of last year. this is the right call. i have been talking to farmers and ranchers all morning and even now the biden administration is doing its best to shut things down. and the rest of the economy's open, they need to talk to the farm surgeons these, it is maddening with our economy being open but schools opened. i wish the rest of the country would do so. stuart: what do you make of austin, texas which will enforce the mask mandate until april 15th? >> i said this before, this is why it is important to have the local community leaders make those decisions and not have a mandate from dc which in the case of a mask mandate of austin's mayor wants to do that he will be held accountable by their citizens. in our communities we will do the smart and safe thing,
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luckily a quarter of the texans right now have been vaccinated, 50% of seniors. stuart: it is amazing the difference it makes when you take the masks off. you can understand what the other person is saying and feeling because you can see their face. makes an enormous difference. i can't wait to walk around without masks. can't wait to do it. forgive me for changing the subject abruptly but i've got to because this is important. the white house denies that there is a crisis at the border but in arizona, roadblocks taken away because they are overwhelmed with migrants. what is the situation in texas? >> 500 families a week were crossing the border, now we have 2500. not sure how you classify a crisis at the white house, the governor rightly so is taking action. this is a federal issue, not a
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state issue. i will be at the border looking at the issues but it is very disappointing to see the biden administration not responding to something even democrat mayors are begging the president to do something different because they are not claiming it is a crisis, they don't identify with the people. it is a national security issue not to mention the effective covid. stuart: what in your opinion should be done at the border? >> let's acknowledge it is a crisis. second let's take up the policies we had in the previous administration where we don't let people come to this country illegally and then let them out in the united states, the remain in mexico policy, catch and release is not the right thing so let's identify the situation and call it what it is. it is a crisis. the fact they won't do that shows where they stand which is not security and safety of americans but the welfare of
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other countries and other people, not our own citizens. stuart: thanks for joining us, we wish you well at the border. have a look at them. a nice game for the dow up 350, modest gain for the nasdaq and the s&p. tell me about kathy would. you free chert her over the last couple weeks. what does she say about the coin and traditional portfolios? >> we talk about her and look at what she says and what she buys and what she adds and removes in her portfolio. for years investment advisors put 60% of your money in stocks, 40% in bonds. no longer the case in 2021. the 60/40 our location is dying good.
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here are the adjustments, 60% of your money in stocks, 20% bond, 20% in bit coin. what do you think of that? stuart: 20% in big coin, seems like a very very big number for anybody. >> that's not the only recommendation. the 60-40 split is dying because they are living and 0 rates and in the past could get 8% return on bonds the last 30 to 40 years. after the financial crisis, the interest rates, only getting one% to 2% a year of the past 10 years in bonds. that doesn't cover inflation but most people say look for higher returns elsewhere and where do you get those returns? stocks. the returns of the markets in the past year. stuart: back in the day 60/40, stocks, bonds in your 60s in 70s. that does not work any longer.
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you can't do that. safety of bonds okay but with 0 rates. >> we might be transitioning as you said, a generational shift, bit coin might play a large part of that portfolio going forward. stuart: i don't deny it, you may be absolutely right. here we go. las vegas casinos could be popping up on the east coast. we will tell you when and where it could happen. barstool guy fortknowy has this pizza review. >> 8 or 9 spectacular -- it is our view. stuart: he is good on tv, this guy. the pizza place says they are now flooded with orders. portknowy next.
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- as the original host of wheel of fortune, i was blessed to be part of building one of the greatest game shows in history. during that time, we handed out millions of dollars to thousands of contestants. i thought, what if we paid the contestants their winnings and gold instead of cash and prizes? back in 1976, we had a wonderful contestant named lee whose three-day winnings were valued at $12,850. and you know what? that was a pretty big haul back in 1976.
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so i wonder, what would have happened if lee had put $12,850 in cash and then put $12,850 in gold in a safe, just sitting there side-by-side from 1976 until now. well, i went back and i ran the numbers and what i found was amazing. we all know that $12,850 in cash would still be sitting there but it would be worth a whole lot less than it was in 1976. but that $12,850 in gold, safely stored away, it's worth $135,000 as of the taping of this commercial. now that's more than 10 times the original amount. - [narrator] if you've bought gold in the past or would like to learn more about why physical gold should be an important part of your portfolio, pick up the phone and call to receive the complete guide to buying gold which we'll provide you important, never seen before facts and information you should know about making gold, silver
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and platinum purchases. for faster wealth protection, request a digital version of our complete information kit which will be emailed for faster delivery. you can also receive a copy of our new us gold report for 2021. inside, you'll find the top 25 reasons why you need to start owning gold today. - with nearly two decades in business, over a billion dollars in transactions and more than a half a million clients worldwide, us money reserve is one of the most dependable gold distributors in america. maria. stuart: i remember that.
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at least 35 years ago. is this their anniversary or something? ashley: that was a great rendition. march 10th is a day set aside to celebrate anyone with the name mario but especially the one with the mustache who for many years has been entertaining us by jumping over barrels, jumping on killer turtles, raising go carts over rainbow highways but a little known fact, mario first appeared as a carpenter in donkey kong in 1981, 40 years ago. now he is the most popular videogame character in history. i wonder how jealous his brother luigi is. the business side is a lot of retailers including nintendo are offering discounts on super mario games. this is one big commercial for nintendo and mario brothers. stuart: the only be a game i ever played except for long in
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the 1970s. that is where i belong. that is my speed. march madness is back. today the big e store them and kicks off in madison square garden. abby, there's got to be capacity limits at madison square garden with bigots on ticket buying. limits on ticket buying. >> reporter: i was outside today. there definitely is some capacity limit. we were hearing earlier they are shutting down the entire arena minus the bottom part of the goal so you are looking at 1000 people, less than that. if you compare it to last year we saw 99,000, a huge difference here. this tournament brings in a lot
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of that, $800 million, annual revenue by more than half. and the first quarterfinal game, at halftime they decided to cancel the rest of the tournament. in 1980, in madison square garden, the conference tournament at any state in college basketball. they are giving some tickets to family members and each team is a lot of a certain amount of those. we have a full slate of games, georgetown versus market,
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xavier versus butler, providence, at the last game. i threw a lot of information at you. i am going to say the biggest take away is you can watch it all on fox sports. stuart: have you filled in your bracket in office pool? >> looking at the 2018 champ. i won and couldn't get anything. it has been two years and i didn't get bragging rights. see you soon. show me please, penn national gaming. bring in barstool sports founder dave portnoy, you're launching this barstool sports book, tell me more.
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>> in michigan and pennsylvania, chicago, illinois tomorrow at noon and abby, the brackets don't come up yet. they don't come out until next week. she rented but the brackets aren't out. stuart: what a guy, portnoy. you are -- you have the sports book, you entered three states. so what? what does that mean? how do i take part in this? >> it is like marijuana.
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it is legalized state-by-state. it is legal in illinois. as states become legal the barstool sports book, we roll it out and conquer whatever state we are in because unlike a lot of competitors, we want to go along with the action. it's not up to us. i wish every state was illegal but it is a state issue, not a federal issue. stuart: it is going to expand. they need the revenue. >> they need the pack revenue. stuart: you are quite right. it is like marijuana. exactly the same thing. they need the tax revenue and they will get it somehow or other. you see game stop up $72, 29%, 318. are you still in it or did you sell out completely? >> it pains me to watch it. i have paper hands. i wish i held it. i didn't hold it. it goes up every day and i am hit with buyers remorse.
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i wish i had it but i don't. stuart: you are an honest man. tell me about forward, one of the biggest holdings and you hold, not the kind of stock by associate dave portnoy with. ford motor company. >> i have a ford bronco, doesn't really run but that is the misnomer, it is not just what you think of highflying internet stocks, it is one of the most positively talked about on the internet so that has been lost a little bit but the internet talks about all companies, traditional companies or game stop. you talk about everything in between. people like to talk about the stock market, not just what people perceive as internet stocks but real companies, ford, twitter, stocks that are big in our holdings so it is a wide range.
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stuart: okay. i bet you really drive a bentley, don't you? >> i'm not a car guy, just told you. 1974 bronco, yellow, as pretty as a picture, looks like it belongs in a painting but it doesn't run. stuart: i will leave that subject and move on to pizza. your pizza review saved a new jersey restaurant with your one bite review of these pizzas gives you power. how did you get so much power and leverage? >> it was organic the growth. i've been doing it monday through friday. unlike the water of youth, everything is great.
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also say it is good. very stingy with sports. a pizza place gets 8 or higher. if you like pizza, because of it slowly but surely, i became the most credible pizza affection auto in the world. stuart: don't be shy. you really are a success and i am jealous as hell and you belong in a bentley. you belong in a bentley. >> i'm not a bentley guy. i will try it out but that is not my vibe. stuart: they are driving one to you because you are that famous and powerful. come back soon, appreciate you being on every time.
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stuart: my favorite store. costco. hold on a minute. we hear the another big box retailer is beating costco in online operations. say it ain't so. ashley: it is so. sam's club now winning against costco and bj's on the digital landscape, it was downloaded 9.6 million times and look at this, bj's at 3.one, double the
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amount that it's apps was downloaded as you can see. normally when it comes to sales costco is the lead, bj's number 3 but research shows sam's club will provide the more, quote, pandemic friendly shopping experience, gets a 4.9 rating on apple's apps store compared to costco's 2.4. according to the national retail federation online and other non-store sales went up last year 22% to a massive $569.4 billion, but it 18 to 24% this year. online is on fire. stuart: that is a tipping point, turning point for online. if you get close to $1 trillion bearing in mind the pandemic and you are taking off. we like to bring you the stocks that are moving big time.
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that is cost, up 106%. i call that a frenzy stock. it is up 111%. how about that? the free britney movement is making its way to capitol hill. role tape. ♪♪ stuart: in a moment we will tell you which lawmakers are throwing their support behind that singer. we will be back. ♪♪ dreaming a ♪♪ ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪
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popular netflix show 13 reasons why. one of the stars of the show is amy hargreaves who is teaching kids public speaking through the speak well program and amy joins us right now. i've got to come to grips with us. you are trying to teach kids how to speak freely and communicate on zoom. >> let me clarify. i am one of the role models who was invited by patty kennedy to help encourage kids to find their voice and speak about my experiences how public speaking and confidence in public and help your whole life. stuart: how do your colleagues speak freely on zoom. >> one thing we started to do during the pandemic, after they do a check in at the beginning of the session.
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the john wallace, and it is a fun way to loosen up, and talk to a little more freely. stuart: we've gotten out of the habit of face-to-face conversation and speaking a really. if you are not wearing a mask, you keep social distance and don't get together in groups. is it working, amy? >> it is working because the speak well program is exploding. we started with nine students and in less then a year, one school in new york city, it is expanding all across the country and internationally. there is demand for this and it is working. our students have written for
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national journal, they presented compliance like ubs and telecom. we are excited about the future. stuart: bring on this show, let's see how they do. it might work. my advice is speaking to a camera or making a public speech, i am sure you know this, you don't use a script and don't use a teleprompter. you communicate by 3 speaking. >> and listening. one of the most important things we have forgotten the last few years. if we listen to each other and speak from our heart we will move toward a better future. stuart: that is one of my fault. i don't listen very well. i'm endlessly to listen more closely. that is the truth here. thanks very much for being on the show.
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what you are doing is very very important and we would like to support it. >> thank you for having me. stuart: sure thing. house republicans, two of them that i know of, jim jordan and my guests are joining the free britney spears push. first of all, explain what this is about and tell me what you want. ashley: the two republican lawmakers want a hearing to examine legal conservatorships and they are using the britney spears case as an example. activists involved in the free britney movement claim spears is being unjustly held in a conservatorship by her father who is able to control her finances. spears's case is unusual because of how young she was and how long it has lasted. that is why we have a free britney movement, congressman jordan and guests believe the constitutional freedoms are at stake in arrangements like
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this, can often be opaque and they want a hearing whether they are and justly trapped in these types of conservatorships. britney spears is a classic example of what is going on, her own interests being best served. stuart: didn't know about that. las vegas strip casinos could be coming to new york city. which casinos are we talking about? any idea when they might get an open? >> i thought you would ask me about britney spears which i can educate you on. they are all quietly, lawmakers might offer free gaining license, lower hudson and long island and that might happen
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this year in 2023 which was the plan. two of these gaming license will go to companies that already are okay to run slot machines in the area so those licenses are taken. that means one they hope to get by selling off their vegas strip properties in the winning bidder will spend 2 to $4 billion with legislators asking for a convention center but who has the cash called to do that? sam's is a front runner. stuart: quick check of the big board with a 400 point gain for the dow industrials, 32,200, a new intraday high, back after this. ♪♪ 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.
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what matters is you're down. and there's nothing down there with you but the choice that will define you. do you stay down? or. do you find, somewhere deep inside of you, the resilience to get up. . . leonard is coming back. ♪♪ ♪♪ ♪♪ ♪♪ (man) i'm a verizon engineer, part of the team that built 5g right, the only one from america's most reliable network. we designed our 5g to make the things you do every day better. with 5g nationwide, millions of people can now work, listen, and stream in verizon 5g quality.
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stuart: look at that, koss has doubled today. time is up for me though, neil, it is yours,. neil: all the meme stocks are back with a vengance. thank you, stuart. a couple of developments that could transpire in the next hour or so we're waiting to hear from roblox new ipo. one of the new direct offerings. getting a great deal of attention in the gaming community. this could be a 30 billion-dollar valuation or more. we're keeping eye on that. this is something that will happen after this show a auction of 10-year treasury notes. we're living in a environment
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