in area that have been hurt by the locked down and quarantine so hotels seem like the obvious choice. cheryl: shayna, brian, thank you for joining me. >> pleasure to be here. cheryl: "varney & co." is up next. take it away, stu. stuart: good morning. let the good times roll. here we are any monday morning, the checks are going out. of the country is opening up and yes, we may see new highs for the stock markets. i think the country has a spring feed-- fever. dow jones average will be up at the opening bell, maybe 60 points, fractional loss for the s&p and nasdaq. 10 year treasury, it is 1.61%. bitcoin hits almost 62000 the weekend but

it's backed off this morning to 56000. there is a reason for it and susan will tell you about it. here's what i call friends he stocks gamestop is up 4%, amc up 8%, tesla down a tiny fraction and gaming up 6.9%. the rest of the frenzied stocks coming up. changing the subject, it was a great finish to the players championship with a search by justin thomas to win. look at the crowds, must be the biggest crowd at eight sporting events so far, looks like return to normal. all over the country where the weather permitted people were out and about in droves, whether the president or doctor grouchy likes it or not, america is opening up. i think we are taking back our freedom. governor cuomo, the saga continues. the two new york

senators demanding his resignation. speaker pelosi and president biden want to hear the results of the investigations first. the atmosphere in the governor's office is said to be so toxic, that some staffers no longer show up. on the show today, former trick-- former secretary of state mike pompeo is coming on on the middle east messed as president biden tries to reopen talks with them. a wave of covid-- covid positive migrants is being released into the country and we will take you to the border and treasury secretary will look at a wealth tax. it's not a wealth tax, if the seizure of wealth monday, march 15, beware , varney & company is about to begin.

♪♪ stuart: that's right, i'm coming out, and i know-- diana ross. we are opening up, indeed coming out this will be the same throughout the show as people take back their freedom. money, look at it, dow jones up 15, nasdaq down five, not much movement, but we have talked about the economy taking off like a rocket ships and this year 2021, goldman sachs predicts precisely that. will kind of explosive growth are they predicting? susan: highest on the streets, 8% for the year almost double the average wall street forecast for 2021. it would be the first time the us has expanded 8% in generation, you have to go back to 1951, goldman is producing jobless rates to come down a lot to 4% by the

end of the year. we are currently above 6% with unemployment and that growth will not come with a time of inflation. we are looking at inflation of 2% or so. if the us does grow 8% this year as beijing predicted it would be the first time since 1976. since the us has outpaced china in over 40 years, so a percent is incredible. stuart: that shows you what a wall of money thrown at the economy will do for the economy. makes the democrats look for the good in 22 as well. moving on to bring in jason katz, marketwatch are on this monday morning. jason, i read your stuff. you say 89 and services are ready for a strong comeback. is this about the reopening that we see

now? >> it's predicated on a number of factors. you have alone employment. you have stimulus checks coming into people's pockets. polls suggest nearly 10% of the money might find its way into the market or bitcoin. between that low mortgage rates are going to have a tsunami of people coming out looking to spend, so consumer discretionary only update percent and a half this year. you want up pocket of cyclicality that hasn't participated you can buy the consumer hair. stuart: would you say bond is riskier than stocks? >> is counterintuitive. all we ever talk about is the equity markets and yet six income in many ways is riskier than equity, i mean, you could see double-digit

losses the long duration of assets like bonds should you see a move over 2% on the 10 year. bonds have served as a ballot, low volatility, income, that's all great except when rates go up, which they have a north of years, you could see the avalanche in terms of losses on the other side of the equation namely fixed income so we are cautioning clients to shorten duration comes to fixed income. stuart: do you think the fed will try to keep long-term rates under control, keep them down or move lower? >> we will see what happens with rates heading up to the decision on wednesday. if they grind higher, it's possible they may institute operation twist in other words sell short duration paper on their books to buy long duration treasuries to keep rates lower. are not sure that's happening this week, but until the fed gets

unemployment lower than true measures of unemployment are probably closer to metric 10%, i think they will let inflation run a little high and they will try to drive long-term rates lower by buying long-term bonds. stuart: so, this point on a monday morning, use only-- no reason to get out of equities in a major way. you see every reason for the market to keep rallying? >> bottom line, i would say shorten your duration on fixed income remain long high-quality growth stocks and get long sickle goals consumer discretionary and in particular. stuart: got it. jason katz, thank you for joining us. season. see you soon. bitcoin was almost 62000 over the weekend, 61000 and change, but it is now down to my 56000.

y? susan: as much as 9% this morning so just in 24 hours there could be a correction in the coin prices. that's the volatility you to deal with when you think about buying and. india might be banning crypto currencies including bitcoin hence the drag on the price. india will find anyone in the country that traits, holds or mine digital assets including bitcoin and even china which banned mining and trading doesn't penalize people for simply holding digital currency , so india went a step further. of the two most populous countries in the world to fixed-- restrict trading of bitcoin, but still over the weekend trading at record levels above $61700 before coming to back down to earth. the $1.9 trillion stimulus package, some

of it will surely going into buying bitcoin or crypto. block chain minors, there could be an impact micro strategies has been one of the companies spending their cash pile on bitcoin. stuart: between china and india they have a population of over two and a half billion. if they move seriously against crypto's, that's a serious problem, i would say. susan: i think the price reflects that. stuart: on a monday morning, we are in agreement. must've been a great weekend. susan: ides of march. stuart: yes indeed. some americans have already seen stimulus payment in their bank accounts for some. if you are a customer, what is it wells fargo over chase? susan: j.p. morgan is saying march 17, which is st. patrick's day is also the official payment

date stipulated by the irs so they are complying with the official dates. wells fargo pointing the finger to treasury saying they will distribute in multiple phases meaning on everyone will get their money at the same time, but customers were up in arms with over 250,000 tweets venting talking on social media and meantime you have digital eggs like china saying they have already started providing the-- providing payments to their customers to roughly 2,050,000 customers. keep in mind online banks like trying, probably not in the tens of millions like the j.p. morgan so they can be more nimble and it might even be get someone like you to do more online banking in the future. stuart: you had to get it in, didn't you? i'm looking on, susan. i'm just moving on. futures, monday morning,

with the turn around, literally in 10 minutes we turned around. dow jones up 70, nasdaq up 14 and s&p up to. should we call this agreement issued? democrats won't admit there's a crisis at the border and now they say its president trumps all watch this. >> 11 year high for crossings without documentation at the border was in the middle of trumps presidency. >> joe biden inherited a huge mess on immigration >> what we see is the consequence of the four years of the dismantling every system in place. stuart: what a joke. speaker pelosi is try to pin them blame on mr. trump. tom homan joins us on the map. the people have spoken with their feet, out and about and they want their freedom. doctor anthony saatchi says restrictions should stay in place. i will ask dr. marc siegel if he agrees next

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act now. stuart: are we still in the green across the board? yes this monday morning. the 10 year treasury yield by the way is that 1.61%. people might be ready to reopen. dr. fauci is warning against dropping restrictions for watch this. >> my projection is reasonable. >> is what texas did this past week ending the mask mandate, realty

100%, is a dangerous? >> i think it's risky and potentially dangerous, yes. if you wait just a bit longer to get the vaccine program a chance to increase the protection in the community, then it makes pulling back much less risky. stuart: lets to bring in dr. marc siegel. doctor, are you now a critic of dr. fauci? >> i see this differently. i think it depends where we are talking about. there are areas where mask mandates are needed because case numbers are so low. look at la county, it's down to 600 new cases over the weekend and they are opening so cautiously. 10% you can go to the gym. that means you and i can go in together. restaurants 25%, schools are finally opening seven to 12, meanwhile a

study comes out showing huge study of 500,000 students in boston shows three peat-- 3 feet apart work so everything is proceeding to slowly. do i think you need to wear a mask, yes especially in close quarters, but the idea of rolling things back is a huge part of public health that may be dr. fauci is a factory and. stuart: dr. marc siegel, i have gone out and said i think there's a new mood in the country last week and this weekend i think there's a turning point we are out and about. do you agree with me? i'm not talking medicine or being a doctor, i'm talking you an american citizen observing what's going on, is there a new upbeat positive mood to get out about? >> and there is and stuart, it is medicine. it's a lifting the depression which is a medical illness because we are starting to vaccinate a lot of people, because we had natural immunity from

people that got over covid, because the numbers are dropping precipitously under 40000 hospitalizations in the country, new case numbers coming down, deaths coming down the states like florida that are open and have the variant in the numbers are still going down. all of that creates a sense of optimism that we may be on her way out of this thing. we need that psychologically. stuart: but there's no angle-- there is no going back is there? i just cannot see the reimposition of stay-at-home laws, can you? >> we are not going back there. first of all lockdowns don't work. you prepare areas where you lock down in areas where you don't and you don't see a difference in terms of virus and outcome so they don't work medically and i think we are headed out of this especially with the help of vaccinations and we are not heading back to lockdowns. stuart: got it. dr. marc siegel, thank you.

now this, facebook says it's going to label all posts about coping vaccines. susan, what kind of labels? susan: they are fighting back on this information on vaccines and soon they say a label will be put on all posts relating to vaccines and direct them to place us for information and also that the vaccines have gone through safety and effectiveness tests before approval so they are adding the label to amsterdam which is a photo sharing site as well. facebook said they removed over 2 million pieces of content saying they have been misleading on vaccines so they are doing their part so they won't be going to. stuart: i wonder what they will say about russian or chinese vaccines, had they been tested thoroughly and will the fact checkers check them? susan: given all labels on all vaccine pose, i think there will be something. stuart: if they are going to be consistent they should.

businesses in los angeles will be reopening today after months of shutdowns. gyms and yoga centers, this is california can reopen-- la i should say, 10% of capacity, you lucky people. movie theaters 25% capacity. indoor dining, 25% capacity. however, there must be an 8-foot gap between tables and you can only sit with people you live with. you know, they want to look of florida or texas and someplace like that, how about new york, susan did things pick up in new york over the weekend? susan: we had some great weather it may not look like it right now on the screen of sixth avenue, but things are picking up, may be 50% of what it usually is at this time year especially into the sweat pouring in warmer weather, markedly more people on the streets hanging out in restaurants around town

than we have seen over the past year or so since march, 2020. stuart: more positive mood, would you say? susan: definitely. people are in the park enjoying sunshine. you see families with strollers and kids and their dogs again and it's nice to see people having picnics in the park. stuart: it's a turning point, i think it's a turning point. checking futures, still plenty of green left hand side of your screen dow jones up 70 or 80 and the nasdaq up about 10 points. we will be back with more after this. ♪♪ ♪♪ ♪♪

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stuart: three and a half minutes to go until we open trading and we see green for the stock market. show me that 10 year treasury and the yield is 1.61%. with millions of people getting vaccinations, some states reopening, the number of people flying is picking up. this is sunday, 1,344,000 tsa reported

checks at the airport, 1.2 million saturday, 1.3 million the previous friday. they are coming back and keith fitz-gerald is with us. is this just the beginning of the reopening plan the stock market? >> it is, stuart. it's important psychologically for all the reasons you talked about prior to the break, mental health and financial help. this had the years many investors have been so scared and shellshocked that they will not believe they know what's happening in front of them. the biggest risk is the fear of being left out. stuart: the key to watch as the number of people traveling, hotel bookings, all kinds of bookings for any kind of travel, that is the key is it not to getting back, opening up, coming on strong for the economy? >> absolutely. if you walk around your neighborhood as to susan's point you see people out with families walking their dog,

anecdotally there's a lot of information you can pick up even if you are a sophisticated investor. stuart: what about the tech? we always have to return to this because it occupies a dominant position in the market and it seems that big tech has stalled recently not challenging the new highs. where are you having supported a fork five years or more, where are you now on big tech? >> frankly, i'm drooling i think it's great wall street has its attention elsewhere because technology is it going to disappear. you are talking about 10, $15 trillion that will be spent across every industry in the next 10 years all of which has a point in technology so it doesn't matter what flavor you pick. if you stick with the winners odds are you will win. stuart: five big tech stocks on the screen right now. have you bought any more of them in the last couple of weeks? >> yes, absolutely.

i have been buying most of the tech i can get my hands on. this week that is top of the agenda. stuart: do you really think they can move sharply higher from where they are now, big tech? >> the question is always timing i mean can go lower tomorrow, absolutely, i mean, every investment could go to mecca zero, but over five, 10, 15 years is going to be hard if not impossible to lose money with the right perspective. i have about 10, 15 years i'm looking for so i think i will double my money and then some is the plane of. stuart: what about this year, goldman sachs is the economy expands a whopping 8%. will big tech be a part of that huge gain for the economy? >> no question in my mind. we will recover. big tech will be a critical part of the recovery and siebel don't understand because they are focused on energy and they are scared by the 10 year yield which will be

nonevent in the scheme of things because of the explosion of earnings will be so significant. we've never seen anything like this. stuart: it's extraordinary stuff. thank you for joining us. monday morning, the ides of march, should we be where? caesar and all of that, okay. 9:30 a.m. we are off and running. i'm expecting to see green and we have it, within a few seconds the dow jones is up 80 points, 32800. dare i say that 33000 is a possibility? who knows. s&p 500 also on the upside to the tune of a fraction up .02%. nasdaq composite, same story, of a tiny fractions of the action today is in the dow jones, not so much in nasdaq or smp. show me other movers.

we have gamestop up, amc up 6%, tesla is down a dollar, below $700 a share and national gaming up 6%, frenzied stocks, some of them. other movers, we had caesars, general act. there's a reason why for those companies are up today and susan, what is the reason? susan: specifically let's point out the national, they are all rallying because s&p 500 starting march 22, new stocks to trade their entire the s&p is rebalancing that takes place to add and remove companies in its bullish when you're at it because that means trillions of dollars in index funds mirror the s&p 500 adding these particular names to. stuart: i can see general act added to the s&p 500, the

generator company. there's a big backlog. you order one of their generators and you have to wait because demand is so strong. susan: i wouldn't know, but so i hear. stuart: i all-- i know all about it. the skit to vegas now back in business and stocks related to vegas are doing pretty well. crowds swarming the strip after nevada's governor signed an order e-zine covid restrictions. he opened up starting today casinos can increase capacities to 50%, gyms, amusement parks, bowling alleys to 50%. that is nevada, how about cruise lines? i think they are rallying, yes, they are. do you think it's because of this new mood , the positive mood, the open up mood? susan: i went to add and there's been upgrades in nevada as you

pointed out with the casino so mgm upgraded to a by. jeffreys: a $50 stock. i guess more crowds are back on the vegas strip and that's bullish. cruise lines like carnival in norwegian, as part of the recovery thing with travel part of that value rotation as companies look cheaper relative to future profits because they haven't done that well over the past 12 months, so value in particular travel names and banks have outperformed growth by almost 10 percentage points so far this year the city says the rotation is not done as they value with 15 to 20% upside so it's not too late to get in despite the fact we have seen these names again a lot over the last six months or so. stuart: fifteen to 20%, not bad. show me eli lilly, down

7%. this has nothing to do with the pandemic. stock prices down after data from a mental state trial for all the hype-- alzheimer's drug showed mixed results. 's slow down cognitive decline by 32%, but missed the mark in secondary set-- tests so it's down 7%. extended stay, this is a hotel chain blackstone and starwood capital one to buy it. what is the price tag? susan: $6 billion, that's a lot of money. largest hotel sales during covid. it's a bit different with extended stay because it's longer duration and usually comes with kitchens of not being to did better than everyone else than hotels last year with 74% occupancy, almost double everyone else over the past 12 months as people have fled the cities to remote work meaning they have more demand for extended stays. stuart: just on my little phone

here trying to find a blackstone and it's up about 50 cents. there you go, $75 a share. full disclosure, i own some of it. it's doing rather well, $75 a share. not quite retirement. susan: good dividends. stuart: it will get me out of here one day. next case, why is this electric truck maker bouncing 3%? susan: they are fighting back against short-sellers the same people that took down others. they said they will issue a full rebuke to hindenburg research that accuses it as a stack back with no sellable products. they say they are reiterating their on track to start production of that durance truck starting in september, but they rate these reports especially on electric

car companies so you have to pay attention. stuart: yes, you do. overall, big picture with the dow industrials up 133 points with some winners, bowling, nike, merck, home depot nicely higher with the dow jones up 136. s&p winners, american airlines, united, wrote rid of-- caribbean, they are reopening, expanding economy trades and nasdaq winners american airlines, united airlines, gaming people are all up this morning significantly in this economy continues to expand as we start traveling more. 10 year treasury, 1.61%. price of gold, $1732 per ounce. bitcoin nearly 62000 weekend, 57000 now. today's price of oil $64 and the average price of a gallon of gasoline

keeps going up and it's now $2.86 per gallon, up 59 cents from this time last year. president biden, speaker pelosi not calling for new york governor cuomo's resignation. watch this. >> do you think governor andrew cuomo should resign? >> i think that investigation is underway. >> people have to look inside themselves and to say-- and governor cuomo also how effective is the leadership. stuart: does this mean governor, stays in office? we will sort it out. did you see this over the weekend? big crowds gathering for the player's championship in. i say there is a new mood in this country. we are opening up. we want our freedoms back. i will talk about that at the top of the 11:00 o'clock hour. look at that crowd.

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stuart: the big rally for the secondary second tier stocks, russell 2000 in a brand-new entered a all-time high. look at big tech, the primer stocks, major corporations and if you look at them, big tech really ought down except facebook, which is up about $3. everything else is down, so continuing pause and/or retreat for big tech. look at this, a chinese electric carmaker, down a fraction. it's actually a test arrival and it got a big investment from the chinese government. how much did they get and why did they get it?

susan: talking about $76 million, not a time no money in the grand scheme of things, but this money is coming from the southern providence ritz headquarters and at the providence next to hong kong. add this to the one and a half billion they already raised in its us ipo last august and possibly a secondary hong kong listing which should result in a few billion dollars as well sometime soon but it's important with the chinese government providing funding because not only does it mean financial support from the state and provincial government itself, but imagine this means future electric car sales that will be mandated by the government to bolster the balance sheet. reported a 300% jump in deliveries last quarter, stu. all three of these local car companies are making much less sales than tesla in their own-- by the way their own country. stuart: fairpoint. let's look at tesla stock.

i went to bring in rob mauer, the host of tesla daly, a podcast on all things tesla and a frequent gusts to. looks like tesla isn't the only player in town anymore. the chinese are coming on strong. what to say you? >> thank you for having me. i would say tesla is doing great in china. they grew revenue there 123% last year so they continue to expand their factory there adding phase two of the factory which is been ramping up steadily this quarter. stuart: so, are you doubting nio , and the others to get chinese government money? are you discounting them? is this still tesla's race to win? >> i think so, clearly tesla is ahead of these companies may think when we talk about electric vehicles we need to understand there will be group-- room for growth for all electric vehicle

companies. there's been talk about market share for the last couple weeks and what we should be talking about is the automotive market in general as tesla games shares going at more than-- growing up more than 50% per year. there is room for everyone. stuart: what is tesla's share of the overall car market right now >> right now they did about 500,000 vehicles last year the market depending on numbers somewhere between 70 to 100 million vehicles so about half a percent to map 1%, but their growth is important in the market overall is devious two to 3% of the market right now. stuart: if they are still duck company in china why has the stock price gone from 900 to under 700? >> as we talked about last time it's been a crazy period of growth for tesla.

i think it's normal to have some consolidation. we have also seen a rotation out of the growth tech stocks over the last couple months and it seems like it's starting to rebound. tesla has been no different with regards to that. stuart: is the tesla daly essentially a support vehicle for tesla? >> no, would not say that. i would say when i started tesla daly it was to get more good information about tesla out there and thankfully over the years i think tesla's become more in the forefront helping with the coverage as there's so much coverage of tesla now that it's gotten better. there is a lot of youtube people and pod casters that have a passion for tesla and want to share good information. stuart: we hear you. rob mauer, thank you. let me bring susan back in because i believe in long mosque has a new title. susan: i have to laugh because we can change our titles also

turkey wants to be known as the techno- king and the cfo will have the title of the king of coin affected today. we are not sure what prompted the move in this filing with the sec tesla did start the new trend by buying one and half billion dollars in bitcoin with their cash, but it may be a distraction because the "washington post" reporting tesla's plant in fremont has 450 cases of coronavirus after opening early last may. there was a fire at the same plant last week. i went to be called techno- queen going forward as well. add that to my title. stuart: tq for short. susan: guests. stuart: i love it-- i think you unmask just loves to make headlines. i think he uses it as a distraction for potentially bad news for tesla. susan: no end to entertainment.

he was active on twitter over the weekend. endless entertainment. stuart: and we put it endlessly on our screen. susan: true. stuart: treasury secretary janet yellen says the administration is ready to look at the wealth tax. watch out, folks. it's not a tax on wealth, it's the seizure of the wealth, the seizure of your money. i will go at it in "my take" next hour. speaker pelosi joining the course of democrats blaming donald trump for the migrant surge. we will take you to the border next. ♪♪ mu & doug ♪ hey limu! [ squawks ] how great is it that we get to tell everybody how liberty mutual customizes your car insurance so you only pay for what you need? i mean it...

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stuart: see that, biden's border crisis. the administration will not use the word crisis when it comes to border and border policy, so why are they sending fema down there? griff jenkins is that the border. the latest please? >> i'm in el paso and behind me that bridge

the reason why females involved at least in this sector is the unaccompanied minors are some 144% and they got a visit with house minority kevin mccarthy coming with a dozen house members, some texas members of congress like gonzales and pflueger. over the weekend texas governor, gray gavitt, weighted down as to how bad it has gotten. listen to this. >> of the border patrol officers tell me that the biden administration policies are in reaching , empowering the drug cartels in mexico to make money that the people that they assist in a smuggling them into the state of texas. >> and we learn, that the cartels are just making money on the crossings, they continue to take money off of migrants. we talked to one bar owner and listen to what

he had to say. >> i had a family that i knew that was crossed over and then the same guy that crossed them over charge of them money and a month later went back and extorted more money because he told her i know where you live. >> back to why dhs secretary is sending in fema, look at these jaw-dropping numbers for unaccompanied minors along the southwest border, up 61% from january, february 9457 and house speaker nancy will zero thome not-- still not call it a crisis. >> it's a humanitarian challenge to all of us. what the administration inherited was a broken system at the border and they are working to correct it back, so this again is a transition from what was wrong before to what is right. >> stuart, when mccarthy

and those members of congress get here they will hear from border patrol officials that they want politicians in washington to get the politics out of it and come up with a plan, come up with a solution to get this out of control threat that the cartels have on our border under control. stuart: it is a crisis. mr. jenkins at the border, thank you. now then, i'm showing you the airlines, stock prices are surging. and that's because we are traveling again. we are flying and we have the latest tsa numbers from yesterday, 1.3 million flyers on sunday, 1.2 million saturday, 1.3 million last friday, that's the return to travel and that is why airlines are out. overall, a nice game for the nasdaq, not that huge and a modest gain for the dow jones up 47 points.

32800 on the dow jones. still ahead, steve the forbes, betsy mccoy, leo terrell and mike pompeo is on our show today. second hour of "varney & co." is next. ♪♪ . . and when they found a way to face it. for some, this is where their keytruda story begins. keytruda - a breakthrough immunotherapy

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♪. stuart: good morning, everyone. it is 10:00 eastern time i should say. quick check of your money on this monday morning, shows a gain for the dow, gain for the nasdaq. fractional loss for the s&p. take you through a couple of the markets see a sense where we are with money. treasury yield on 10-year, 1.61%. bitcoin close to 62 grand over the weekend. 57,000 now. i call them frenzied stocks you have to watch on a daily basis. nice frenzy, gamestop up 4%. theaters are reopening. 25%, maybe that helps them. they are up 18%. penn national gaming expanding

gaming in various states up 2% a lot of action, a lot of green. now this. treasury secretary janet yellen says the administration is prepared to take a look at the wealth tax. oh, watch out. it is not a tax on wealth. it is the seizure of wealth. there is a difference. it would only apply to extremely wealthy people. of course they will not get any sympathy but the proposal is dangerous. the value of your stock or real estate would be taxed regardless of whether you made a profit. just having it means the socialists would take some of it every year. i've seen this before. i grew up in a socialist society. i know these people. they are not interested in raising revenue. they're not really interested in paying for the goodies that they're handing out, oh, no, they just hate the rich. it is a form of jealousy. you have got more money from me, so i'm taking some of it to even

things out. that is what they're doing it for. it does not produce a dynamic economy and who knows where the seizure of wealth ends up. take a small amount now but you know they want it all later. also under consideration, higher income taxes, higher business taxes, higher estate taxes, higher capital-gains taxes. the socialists are really on a roll. maybe we should remember the wonderful margaret thatcher. she said the socialists, quote, rather the poor be poorer, provided the rich are less rich. that was true decades ago when she said it and it is absolutely true now. they don't like you. they want your money. second hour of "varney & company" is about to begin. ♪

stuart: i am absolutely positive that the gentleman on the right-hand side of your screen, steve forbes, will agree with me on the wealth tax, but tell me this, steve, okay, i'm jumping all over but look i don't think there is a prayer that this wealth tax will actually happen. what do you say to that? >> well there are various ways to do it. that is part of a softening up process. the chinese communist party to your point, stuart, must be dance negotiate street on this tax and other taxes not for requested logical reasons because taxes like this are innovation killers. innovation is are our great strength. elizabeth warren and bernie sanders massive audits. force of irs would be doubled if you have "medicare for all" administration is moving for, the wealth tax would double to 6% instead of 2 or 3%. elizabeth warren says it is only two cents. with that two cents over 10

years according to our calculations raises $4 trillion of washington politicians taking out of hand of producttive companies and not making new products or medicines that would make the america and the world stronger and better. stuart: we had a $1.9 trillion covid relief package passed the senate. next they will be faced with demand for increased income taxes, estate taxes, capital gains taxes, business taxes. they will get some of that, if you can get a $1.9 trillion through you can get tax increases through, right? >> that's right. they will do it on the rubric we can't continue to borrow and print money. we have to raise taxes. they hope to pry off people like joe manchin to go with the tax increases. yes it is a worry. i'm surprised the market fully not reflected that potential reality. they will roll it out. they are not going to stop.

they will do it by executive order, every way they can. in the $1.9 trillion bill they banned states from cuts taxes for the next three or four years. good lord, they will stop at nothing. stuart: do you think it is legit to try to narrow the income inequality or the wealth gap inequality of wealth, is it legit to try to narrow it with taxation? >> what you do by that taxation is, margaret thatcher and you pointed out you destroy wealth. yeah you have less after gap. the real way to do it, do it pre-covid, people with low incomes starting to rise up again, having real wage increases first time in generation. that is how you do it, making economy richer, enabling people started with little, as abraham lincoln put it to improve the lot in light h life. that is the american dream. have everyone have a chance to better. stuart: steve forbes, thank you for coming on the show.

>> thank you. stuart: let's look at economic side of things. treasury secretary janet yellen says we could have full employment by next year. stephen moore back with us this morning. you said on this show, famous words, the economy will take off like a rocket ship. does that mean we reach full employment much sooner than next year? >> what i was saying i think we have an economy set up for real massive recovery because of the "operation warp speed." not the $1.9 trillion spending bill which i think by the way is a negative. i'm predicting that we are going to have 5 million fewer jobs as a result of this bill by the end of the year, stuart, because we're creating so many incentives in the bill for people not to work. it is like getting economics upside down. we want to incentivize people to work, be productive, part of the economy. this bill pays people so much money. there is eight or nine

expansions of welfare in this bill with no work requirements, none. now we have going to have a good second half of the year, no question about it, as we open our businesses, stores, movie theaters. it is great, fantastic. yeah, i'm predicting this year we will see five or 6% growth. maybe i'm low-balling that. i worry what happens in 2022 when we start to have this kind of debt hangover effect. by the way, if we were to have anything near those tax increases that you and steve forbes were just talking about, all bets are off. i think that is crushing impact on the economy. stuart: now the democrats are pushing to make the benefits for low income families that were contained in that stimulus bill, they want to make that permanent. that will be a real permanent shift a permanent sea change in the welfare state, would it not? >> it sure would. look, i go back to when bill clinton was president a

democrat, and when newt gingrich was running the house, you remember, that the republican revolution that happened in the '90s. it was bill clinton and newt gingrich who signed welfare reform which you think was one of the greatest social welfare changes we made in this country in half a century. what we did, we basically said welfare was to be a hand up, not a handout. we want to get people -- we want them to be productive. we'll give them training. we'll incentivize them to get back to work. stuart, it worked like a charm. we got half of the people who had been on welfare into the workforce. they started to climb the economic ladder. we're doing now just the opposite. casey mulligan, who ask one of the top labor economists and i have a paper out showing on an annualized basis, when you take the 300-dollars additional benefits for unemployment on top of the normal benefits, they were you take the fact you're giving people $300 a week child credit, and then you take into account the rental assistance,

the expansion of food stamps, the fact people with income up to, as much as $200,000 can get free health care subsidies, we're going to be paying people over $100,000 on an annual basis to stay unemployed. it makes absolutely no sense. it will be very difficult for employers to get people back on the job when the government is paying them more to stay unemployed. i don't understand the logic of this. i don't know understand how liberals think this is happy ending. a lot of people will stay on the sidelines because i can't afford to go back to work because the government is paying me so much. stuart: same oiled story. stephen moore. >> thank you, sir. stuart: throughout the interview with stephen, we've been showing airlines going up today. cruise lines going up today. we are quite clearly traveling again. the economy is opening up and expanding. good for the travel stocks.

susan, you're following the big movers. draftkings up today. what have you got? susan: draftkings is down raising about a billion dollars when it comes to convertible notes and that could turn into stock by 2028. that means more supply which reduces the value of the current stock. draftkings was lower by 1% during the opening bell. show you alibaba. more problems here with beijing for jack ma's empire. "the wall street journal" is reporting that beijing may be forcing alibaba to sell off the media assets. that includes the influential south china morning post they own and stake in china's twitter service. more headaches and handcuffs being put on alibaba. check out the casino operators, mgm, caesar's. m gm is called a buy at jeffries worth $50 a piece. occupancy can go up to 50% this morning. crowds are back.

caesars, index funds that mirror the s&p 500 has to buy the stock along with penn national another name being added with nxp and generac. penn national we were up 8% in the opening minutes. it is up 3600% the past 12 months and according to reports, 19 more states across america are looking to legalize sports betting this year. looks like there is bull case being put on for penn national. stuart: penn national has got the time with dave portnoy as well. susan: who is enjoying the games i'm sure. stuart: yeah. up 3 1/2%. penn national 135. good lord. bitcoin hit nearly 62,000 over the weekend. why is it down now to 57,000? susan: we were down as much as 9% this morning. so you lost about 9% in 12 hours. you have to stomach the ups and stomach the downs if you're going to invest in bitcoin.

india might be banning cryptocurrencies including bitcoin. india will fine anybody in the country that trades, holds, mines any digital assets including bitcoin. china which bans mining and trading, they don't penalize people for holding digital currencies. india is taking a step further. if the two most populace countries in the world restrict trading for crypto, that is less demand on bitcoin which lowers the price. that is thanks to that $1.9 trillion stimulus package because some of that money has to go somewhere, right? yes, it will go into buying bitcoin, crypto, ether, dogecoin, whatever you want to call it, your choice. stuart: i'm told the money is already arriving in some bank accounts. it will be spent pretty soon going somewhere. stuart: yeah, going somewhere. president biden and nancy pelosi breaking their silence on governor cuomo's, the

allegations against him. watch this, please. >> do you think governor andrew cuomo should resign? >> i think the investigation is underway we should see what -- >> you're not calling on him to resign right now? >> i think we should the results -- but he may decide. stuart: all right. does that mean cuomo stays in office? will he ride it out? betsy mccaughey says he won't resign and admit guilt. maybe he stays. she is on the show coming up. mike pompeo says he is going to iowa next week. whoa, is he setting up a 2024 white house bid. he is on the program later. i will ask him. bonuses, trips to hawaii, that is some of what california schools are suggesting to do with covid relief money. good lord. after teachers refused to go back to in-person learning for heaven's sake. leo terrell sounds off on that next. ♪.

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act now. stuart: look at those markets. we have a turnaround. dow hit intraday high. it is back up. look at the level. 32,778, that is where the dow is right now. there are losers on the dow. show dow incorporated, 1.7%. chevron is down. caterpillar is down. there are a couple of others to account for the reversal of fortunes for the dow. for now we're up three. i would call that dead flat. several cities on the west coast exploding in riots over the weekend on the anniversary of breanna taylor's death.

bring in civil rights attorney leo terrell. leo, welcome back. good to see you again. the media barely covered the story. >> thank you, stuart. stuart: it is just not being condemned. i don't understand. what is going on here? >> oh, exactly why, stuart. because they're in democratic cities. see the democrats are hypocrites. they got 5000 troops in the capital, leave them there forever and allow democratic cities to burn. why? that is simple. that is their constituents. they will not attack antifa or black lives matter. it is embarrassing. where is the support as far as national guard or law enforcement? these individuals individuals commit crimes, commit arson. they're not prosecuted. only because they're democrats and it is embarrassing. stuart: won't this change in these cities? i mean the center of these cities is really badly treated, shall we put it like that? when is this going to change? >> let me be clear.

never, remember, kamala harris, stuart, funded a bail, get out of jail fund for criminals in minneapolis last year. let me give you dire bad news. the george floyd trial is going to allow these leftists to burn cities when that trial starts. and it is horrible. there is no justification for it. joe biden, kamala harris are totally silent on looting and rioting in democratic cities. stuart: what about california? schools there, i am, some of them at least want to use the state's covid virus money, relief money, as bonuses for teachers, even though they fought reopening the schools tooth and nail and minorities have suffered the worst? what do you think is going on in california, leo? >> let me be very clear. as a person who lives in the state, as a former school teacher, and a lawyer, i'm

embarrassed. the l.a. unified school district and the union, they play the race card. they claim there is structural racism. who gets hurt? people of color. education is the key to break the poverty cycle but these unions in california, stuart, are so powerful, they are in the back pocket of the democratic leadership and they dictate when they go back to school. and l.a. unified school district, the largest school district in the state is still closed because of the power of the teachers union. the teachers unions do not give a heck about the kids. in fact they inform their colleagues not to show any photographs on facebook of them enjoying spring break. it is embarrassing in california. stuart: how does this structural racism actually work? if black folks in california earn less than white folks, if minority students in the schools don't do as well as white kids do in school, is that structural

racism? >> no. i want, thank you for that question. i want to put an end, as civil rights attorney i consider myself very knowledgeable. there is no structural race i am in california. there is no structural racism in los angeles. by the way there is no structural racism. that is the race card, stuart being played by the democrats to use as a clutch to keep people dependent on them. it is nonexistent. it's a lie. it's a lie. there is no systemic racism and there is no structural racism. that is when you use that card when you don't have an arguement and teachers unions have used that card to stay at home. it is embarrassing. stuart: leo terrell, come back and see us again soon because you have got a lot to say. i want to hear it. leo terrell. you're all right. >> thank you. stuart: there is this, duke university says all their undergrads must quarantine in place after a spike in positive

covid cases. ashley, good morning to you. what caused the spike? ashley: good morning, stu. according to the university it is because of students who attended recruitment parties. that is where they're putting the blame. in a statement the university said the students will be forced stay in place until at least march 21st. if not the school says, suspension or dismissal are potential punishments for what they call playing grant or repeat violators. over the past week the school reported more than 18 o-positive cases among the students. therefore an additional 200 students who may have been exposed have now been ordered to quarantine. so those darn recruitment parties turned out to be the reason for these quarantines, stu. stuart: where does this leave the colleges? how on earth will they ever get back to real education, if tan

outbreak results in quarantine for all the kids? i don't see it. ashley: right. nope. stuart: i don't see this. by the way, ash, hold on a second. i want to add this to it, i have a new report says fewer youngsters are going to college. susan looked at it. you tell me why fewer youngsters are going to college? susan: because it is too expensive. recent survey of high school students showing likelihood of going to college dropped 20% in the last eight months. that is down 5%. that is barely half will go to college because of the price. that is down from the 71% said yeah likely i will go to college and pay for it this is according to a survey by ecmc, a non-profit aimed to help student borrowers. a recent survey of the high school students, more than half, they say they can achieve success with a three-year degree or less. that is concerning right? maybe this feeds into the

democrats argument maybe some student loans should be forgiven in order to get people into higher education. stuart: however you slice it, i would say that education of our public schools and higher education in our colleges, they're in crisis. susan: yeah. stuart: they're in absolute crisis because of the pandemic and our response to it. i don't see things improving in the near future. just don't see it. real problem. susan, thank you very much indeed. universal basic income may soon become a reality in one major city, that is, that is because of the covid relief package. we'll have the story for you. we're talking chicago, by the way. first, why was new york state's vaccine czar calling around the state to get support for governor cuomo. he is in charge of distributing the vaccine. is there a connection between this? betsy mccaughey is here to respond. she's next. ♪.

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>> do you think governor andrew cuomo should resign? >> i think the investigation is underway and we should see what brings it. >> i said there is zero tolerance for sexual harrassment.

>> but you're not calling on him to resign right now? >> whoo i'm saying the governor should look inside of his heart. he loves new york to see if he can govern effectively. that could be one of the considerations that he has. stuart: all right. speaker pelosi and the president breaking their silence on allegations of sexual harrassment against governor cuomo of new york. both refused to call for his resignation as you saw. betsy mccaughey joins us now, former lieutenant governor of the state of new york. you say, betsy, he will not resign. why? >> well definitely not. first of all his lawyers will urge him not to resign because it would of course taken as an admission of guilt and he could possibly face criminal charges and end up in prison. so it is very important that he not resign. secondly career politicians almost never resign. they wait it out, hoping that voters will forget or the evidence will amount less than needed. he is looking at new york state

senate that is overwhelmingly democratic, hoping even if he is impeached they will not have the votes to convict and remove him. he is not going to resign, stuart. stuart: then the governor, then the government of new york state is in limbo? >> it is in limbo and let me tell you, it is looking really dire because the legislature is just proposed a 22% increase in spending and a whole a ray of new taxes to clobber new yorkers. the government is now in the hands of very left-wing democratic socialists. you know, it is really time for new yorkers to look back over the last 10 years now that the cuomo balloon, the aura of cuomo's leadership has faded and ask themselves, maybe we could do better with a republican? new york ranks absolutely worst in population loss. people fleeing the state for better places to live.

and their economic outlook in new york is also the worst in the nation. stuart: let me bring this up, new york's vaccine czar, very wealthy guy, larry schwartz, he called county officials to gauge their loyalty to cuomo. betsy, larry schwartz controls vaccine distribution. is that a little suspicious that you're calling around for support, at the same time, you're the guy who says how many doses of the vaccine you get? >> let me remind you stuart, of something you know very well, that about 80% of the time people who go to prison do it for the coverup, for the attempts to manipulate afterwards rather than the original crime. so we know that rich, one of his other staffers was calling current and former female staffers in the executive office. that looked really bad. and now we've got the vaccine czar calling county executives. it all looks like more cuomo

hard ball politics. stuart: all right. betsy, thanks for joining us. we'll see how this thing plays out. we'll see you later. thanks very much. still in new york, let's concentrate here, new york city, lawmakers say summer school should be mandatory. give me the story, ash. ashley: well the proposal says it is needed in order to make up for the short falls children have been experiencing since schools have been closed for so long, specially with masks and reading. now a bipartisan group of city council members demanding that mayor de blasio and head of schools in new york give children a chance to catch up. they would like the classes, quote, to be in school with a human teacher. what a concept. now the idea of making up summer school something certainly gaining momentum around the country. that is for sure. by the way new york state is on

track to receive $100 billion as part of the $1.9 trillion stimulus package. these lawmakers say, that stimulus is absolutely worthless if it doesn't go directly towards making up a year of lost reading and math instruction for students. that, i don't understand how you can argue against that, stu? stuart: i got it. thanks, ash. local lawmakers are looking to raise spending and raise taxes. you got this story, ash. who is going to be asked to pay for in tax and how much more in tax? >> well, look, this isn't going to come to any shock to you, stu, but new york wants to stick it to the rich. betsy mccaughey was just talking about it. both houses of the state legislature have proposed budgets that include nearly $7 billion, new, increased taxes on businesses, oh, yes, the rich. for example, there would be a graduated tax hike on millionaires.

the current income tax rate for single filers making more than a million, couples earning more than two million, 8.82% that would jump to 11.85%. other proposals include a new capital gains tax of 1% on those earning more than a million a year. a new progressive state tax on those with mansion townhomes used as second homes in new york city. and a hike in estate taxes from 16% to 20%. and again, let's not forget the fact that new york is getting an avalanche of federal cash, $100 billion, including 12 billion goes straight into state coffers. oh, no, stick it to the rich. god forbid they stick around. we know some have already left, stu. stuart: yeah. i have no further comment own that. i could. all right, ash. ashley: don't. stuart: covid positive migrants coming into america.

we don't know where they're going. tom homan sounds off on the border crisis coming up. our own ashley will return. he was at the players championship this weekend. he saw it first-hand. crowds of people. i think there is a new mood. we have a new poll that says people are more optimistic, more excited about this grand opening up. full report next. ♪. [announcer] durán catches leonard with a big left. ♪♪ you can spend your life in boxing or any other business, but one day, you're gonna take a hit you didn't see coming.

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stuart: blue states got their bailout and now cities like chicago, want to use the money for universal basic income program. grady trimble is there. grady, how much of the federal aid will be used to write those checks? reporter: just about 2% of the $1.8 billion chicago is expected to get.

stu, that amounts to around $30 million. several alderman, elected officials want to give 5000 of neediest families $1,000 a month, which they compare to the stimulus checks from the government. >> take what we lost, learn to come out better and stronger. it is not just about getting back to normal. that is why guaranteed income, moving forward this information, looking at how we can pilot this, this is a real opportunity. reporter: many republicans say this package shouldn't have passed in the first place, it essentially amounts to as you said a blue state, in this case a blue city bailout. the illinois policy institute says federal funds should be prioritized on items paying down bond debts, maintaining vital service, reversing regressive fines and fees, rising backs taxes and aggressive ticketing

policies. the illinois policy institute generally critical of how chicago and the state of illinois manage their finances, stu, in this case, no different. stuart: all right. thanks, grady, we'll hear more from you a little bit later. grady trimble in chicago. goldman sachs says this economy will absolutely take off this year. susan: oh, yeah. stuart: come back in again, susan. what kind of growth constitutes taking off? >> huge, huge. what about 8% growth? what do you think of that number? stuart: yes, that's huge. susan: that is taking off. highest on the street, almost double the average wall street forecast for the year. it would be the first time that the u.s. would expand 8% in generations. you have to go all the way back to 1951 when we last saw gdp hit 8%. goldman is predicting jobless rates come down, a lot, to 4% by the end of this year. that is almost full employment before the end of 2021. and also growth will not come with a ton of inflation. we're looking at just inflation

at 2.1%. now remember that we have the yields moving up in anticipation of higher prices. that really dragged on stock markets. now if the u.s. does grow 8% this year and say china grows 6% as beijing has forecast, stu, this would be the first time since 1976, yes the chairman mao days, ping-pong diplomacy, the u.s. outpaced china in growth in over 40 years. would that be incredible? stuart: i would bet big dollars when the chinese communist party will see this they will up their expectation for economic growth. susan: all of sudden they will say many gdp grew 8.1%, instead of six, right? stuart: i'm being cynical but that would not surprise me. susan: i think a lot of people would agree with you. stuart: okay. let's get back to that fabulous golf over the weekend. the players championship. ashley, he was there. he is in florida. he was at the tournament.

you saw the big crowds. looks like getting back to normal. what was the mood like? >> it was terrific. everybody having a great time. i could see almost basically 100% compliance with wearing masks, staying back from the players. you can see them in there, watching them on the practice range before they began their rounds. no autographs. no fist bumps, all of that. interesting, "cbs news poll" showed 64% of people, of americans efforts to contain the spread of virus are going well. 74% are excited about the prospects of businesses opening as more americans get vaccinated. a total of 48% said they would be comfortable going out into public only when most people have been vaccinated. which is interesting. let me say the mood of the golf tournament was he upbeat. everyone having pa great time. universally people were just so happy to be outdoors at an event rather than being stuck indoors,

watching everything on tv. so you know, it is very encouraging sign. things slowly, certainly nowhere near back to normal but they're getting there. stuart: what is the number on vaccinations. did we hit all new all time total? ashley: we did. the white house says nearly 3 million covid-19 vaccination shots were given in a 24 hour period. that is a world record daily number of jabs. in response to a reporter who said the numbers were misleading, cdc, basically said lumped in more data thank usual. the numbers are increasing no matter which way you look at it stu. new york reported 6.5 million doses in the state so far with more than one million being vaccinated in the past seven days alone. and in new york city, more than 2.7 million doses have now been given to date. at same point we'll reach that point, tipping point, if you like where more and more people

are encouraged to go out as they have their vaccinations. stuart: yes, we are. you can tell by the mood of the country. that is the way i'm reading it, ashley. as everybody knows florida has been open for business. we know that. it is open for business. california has draconian lockdown rules. yet they both have similar number of covid cases. why is california still shut down, opening up fractionally at the moment? ed rensi takes that on coming up mike pompeo sending president biden a warning. going back to the iran nuke deal will make us less secure. >> if the the administration unwinds goes back to the crappy deal we had with iran when president obama was in office, america will be less secure. stuart: we are honored to say mike pompeo will be with us. he is here. he is on the show next.

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former secretary of state mike pompeo says that makes us less secure and the former secretary of state joins us now. mr. secretary, honor to have you with us. good to see you. >> stuart, great to be back with you, thank you. stuart: it seems like since we started talking about going back into the nuke deal the iranians are acting up. they're attacking us now, aren't they? >> they have been. there is no doubt about that they understand weakness. they understand appeasement. they will push and push and push. what we prevented them from doing when we were in charge of middle east policy. we created a more stable, more peaceful middle east. you see impacts on americans all across the country, whether through higher gas prices come with the risk iran will be ascent ant. reduces security here at home. we can do better than that i hope this administration will not go back, give away the store for the sake of some deal that

will not prevent iran from having a nuclear weapon. they are the largest state sponsor of terror. they are the most antisemitic nation in the planet wanting to wipe israel from the earth. they should maintain the policies which we did which would push back against them in a serious way. stuart: why do you think we are trying to do this? >> you know, stuart, it's a great question. eight years of president obama's policy, the deal, the same team is around, wendy sherman, some of all the same cast of characters. i think they're just wedded to this deal which is clearly demonstrated it failed. the deal is dead. the europeans come to know this as well. i can't explain why they would want to go back to it. it is truly a head-scratcher. it doesn't dot central thing it set out to do, close out all pathways for iran to have a nuclear weapon but instead gives them money, resources and a clear, patient pathway to a nuclear program. stuart: reportedly kim jong-un is ignoring calls from the

administration. i don't know whether that is true or not, but certainly a contrast with the relationship with president trump. what do you think is the new relationship between the united states and north korea? >> stuart, i don't know if that is true or not either. i know when we reached out to the north koreans they wanted to engage with us. in fact i was clandestinely sent over to north korea when i was director of the central intelligence agency to have the very first meeting with chairman kim as part of our team to set up the summits between the president and chairman kim. we made some good progress. we didn't get all the way. we got them to cease long-range missile testing, a big deal for the united states of america and our security. we got them to cease nuclear testing. i hope the north koreans will continue down that path. i hope this administration will engage in north korea with the same massive sanctions regime we did, which put real pressure on chairman kim to come to the table. to have conversations about how we prevent proliferation expansion inside of north korea. stuart: is north korea still

very much a client state of china? >> china has an enormous capacity, stuart, to impact north korea's behavior. they can turn it on. they can turn it off. we watched them engage in the sanctions regime in that way. there were times they were good partners. they put sanctions in place. they made it more difficult. other times they let off the sanctions and permitted north korea to have resources and money. when they did that, north korea was less responsive. china has an enormous amount of control on the behavior of chairman kim. stuart: forgive me for asking, mr. secretary, but i know that you're traveling to iowa next week. i'm sure you're going to smile any moment from now. yes you are, there you go. i'm sure, i have to ask, are you looking toward as run for the presidency in 2024. >> stuart, i don't blame you for asking. good on you for doing that i'm also headed to texas and nebraska and then on to

pennsylvania. it's a multi-state swing working on behalf of congressional candidates in governor's race as well, making sure the republicans and conservative movement continue to be successful 2022. we have a really, really good turn of events. we need that to protect the against the very policies you and i have been speaking about in entire time we're speaking together. we'll do that i will stay engage. the fight is a word think one. we'll see what happens after 2022, stuart. stuart: 2024 is not entirely out of the question, is it, mr. secretary? >> stuart, i learned in life not to rule out much. would never dream to be member of congress, run two small businesses, teach fifth grade sunday school. i rule out and we'll see what the good lord brings. stuart: you're very much a diplomat, mr. secretary. >> have a wonderful morning, stuart. so long, thanks. stuart: almost the top of the

hour and a big show coming up in the next hour. sandra smith, tom homan, heather mcdonald. and i'm sure you saw the players championship. look at the crowds. you see that? that looks like back to normal to me. that is the theme of my take coming up. back to normal. open up, progress, feeling positive about america again. turning point. we're talking about it all after this. ♪ (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. and in parts of many cities

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he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of, we're made for. ♪ usaa ♪ ♪ >> you're going to see a tsunami of people coming out and looking to spend. you want to find the pocket of cyclicality that hasn't participated yet, you could buy the consumer here. >> technology's not going to disappear anytime soon, it doesn't matter what flavor you pick. if you stick with the winners, odds are you're going to win. >> i'm predicting this year we're going to see 5 or 6% growth, but i do worry about what happens in 2022 when we start to have this kind of debt hangover. >> this tax and other taxes like it are innovation killers. the chinese communist party, to your point, stuart, must be dancing in the street. ♪ a little party never killed nobody. ♪ right here, right now ♪♪

stuart: a little party never. all right, it is 11, march 15th, that is the ides of march. down for the s&p, up a little for the nasdaq. the 10-year treasury yield as of this monday morning, 1.61%. hasn't budged all day. now look at some of these stocks which you really have to watch these days. gamestop is up $5, 1.7. amc is up 24%, movie houses, cinemas reopening with limited capacity in some states this weekend. penn national gaming extending online gaming to a variety the of states around the country, or at least that's the hope, and that stock is up 3%. so there are some significant moves among the stocks watch. and now this.

the players championship concluded sunday with a spectacular run by justin thomas. that man there. great golf. did you see the crowds? look at that. sure looked like back to normal, didn't it? huge crowds. a few miles away spring breakers, look at 'em, were jamming the beaches, the bars, the restaurants. in fact, all over the country where the weather permitted people were out and about in droves. they were eating, they were drinking, they were socializing. democrats don't approve because they're losing control. here's "the new york times" headline: i'd much rather be in florida. okay, says the times, but remember, the virus never went away. we knew that. dr. fauci threw cold water on getting out and about. the president doesn't want us mingling until july the 4th. our leaders are desperate to keep control. they don't see what's happening. a change in the nation's mood.

winter is receding. we are vaccinating over 2.5 million people a day. and all over the country people are challenging the restrictions on their everyday lives. in short, we, the people, are way ahead of our leaders. they're still trying to control us. we are breaking free. sure, there's lingering anxiety the especially in vulnerable groups. got it. but you can't hold back the intense desire to live our lives in freedom. this weekend marked a turning point. thed mood has shifted, and there's no going back. it's time for the authorities to embrace what america is all about, individual liberty and freedom. whether they embrace it or not, we're taking back our freedom. that's fact. the third hour of "varney & co." is about to begin. ♪ ♪ stuart: well, well, well, look who is here to talk about this

reopening of america. sandra smith herself from fox news channel. sandra, great to have you with us. i think there is a profound change of mood, and it's happened over the past week and this past weekend. are you with me? >> i'm with you. and i'll tell you this anecdotally. over the weekend i ran my first in-person running race. as you know, i love to run. they've been shut down during covid. and, stuart, finally here was an in-person race. it was a half marathon x. they had this shutdown registration for the race because they hit capacity. people are so eager to get back, i mean, that's a safe ago activity, running outside, right, stuart? and people are eager to get back to their lives. to your point about golf, i watched it too, stuart. it was fantastic. justin thomas, what a victory for him. lee westwood and the story about his caddie, if you haven't looked it up -- [laughter] all good stuff. but i watched the crowds there,

stuart, gathering on the side hills over the 17th green, and people want to get back out there. they want to do it safely. people were wearing masks. you know, the crowds they're gathering now, that is true. it is cringe worthy sometimes to see those spring breakers, but i have to confess, i've always felt like that when i look at the video at the spring breakers partying. it's never been appealing to me. people need to start getting back to life, stuart, and we're starting to see hope that we can. stuart: yes. and i think we're taking back our own freedom. i go further than just the mood has changed and it's a turning point. no, i think we are now beginning to say, open up. knock this off. open up. we're going back. we're going to be americans again and get out of the way. which means i think president biden's got a problem if he's asking us to wait until july the 4th to get together in small groups outside. >> of to have a barbecue in our backyard by the 4th of july.

the cdc says that's been okay in small groups for months now. so that was really shocking to me. but then when you look -- and you cannot overlook, a, these images of the spring breakers -- [laughter] that is something to take in, stuart the, but you cannot overlook these businesses that have been forcibly shut. harvard just did a study looking at the small businesses across the country, and i was shocked to see that you're still seeing 38% of our small businesses in this country still shut, doors closed since january 2020. that is tough. that means you've got small business revenue down almost 40% to this day, stuart. it's time to let these businesses open their doors and operate again. stuart: however, we've got goldman sachs saying this year, 2021, our economy will see 8% growth. that is a rocket ship economy. that will solve a lot of problems if we get that kind of growth, what do you say?

>> and janet yellen saying full employment by 2022, that is a big deal. now, stuart, what's an even bigger deal is if the fed, if the -- if all those economists that are making these predictions, if they can commit to taming inflation in the meantime, now, that's a big deal. and the markets seem to be pretty confident in janet yellen's words that they've learned their lessons of the 1970s when we did have that skyrocketing inflation. and that just perhaps she's suggesting this stimulus bill's going to lead to full employment by 2022, and inflation can be tamed at the same time. no wonder the stock market continues to hit all-time highs. i mean, stuart, that would be quite the combination. don't forget we had 10 million unemployed, 6.5% unemployment. it got bad in this cup can. is it going to be that good in just a matter of months, couple of years? that's a pretty fierce recovery.

stuart: back in the day when you were a trader of assets, whether it was stocks, bonds, commodities finish. >> all of it. stuart: -- when you were a trader, i know you were, if at that time if you'd ever gotten the news that -- 5 trillion was about to be chucked at the economy, what would you to? you'd buy something, wouldn't you? >> absolutely. and you'd look at those industries, those sectors that have not gotten the attention on the way up, stuart. and you've got a lot of market watchers who are doing just that right now. by the way, don't ignore what's right on the side of your screen there. look at the airlines, this comeback. now up 10%. some of these retailers who had -- oh, my. we questioned whether or not some of these retailers would ever open their doors again. people are shopping again, people have money to spend, they're getting those checks. what a fascinating environment that we're all living through right now, stuart. stuart: you miss those, don't you? you miss your colleagues at fox

business -- >> i'll be on with larry tonight. i don't mean to cheat on you, i'm going to join larry kudlow as well. i love it. stuart: i'll have words with larry. [laughter] he's a good friend of mine. all right, sandra, thanks for joining us. we appreciate it. >> thanks, stuart. great to see you. thank you. stuart: sure thing. watch sandra on "america reports," 1-3 eastern, fox news. all right, susan, come on in, please, because you've got breaking news on the effectiveness of the vaccines. headline, please. >> the cdc says the two doses are 95% effective and only 8% so far have missed the timeline of the second jab. still, that was okay because it was in the range of effectiveness meaning you still had time to get in there and make sure you got that second jab to make itfective off of pfizer's two-dose vaccine, quite effective after windows, more than 63% they say according to the cdc results. and the cdc still recommending

that individuals go out there and get the full two doses despite that effectiveness for the pfizer vaccine with just one jab. stuart: okay. we don't have that much movement for the dow, s&p or nasdaq, but i'm sure we've got some individual stocks that are moving significantly. susan: we're talking about value, so i want to check in on marriott which is, again, part of the travel recovery and the rotation in the reopening. citi says there's still upside of 15-20% in these underperforming travel stocks, also financials and industrials and the like. now, penn national, you mentioned it, surging today after the s&p 500 says it will be added next monday, so that means funds that mirror the s&p have to buy this stock. and penn national, by the way, is up 3,000% in the past 12 months. i said that correctly. isn't that incredible? mgm hitting a 13-year high this morning, vegas casinos are able to go up to 50% capacity today.

amc reopening theaters in los angeles finally starting with two theaters today, 23 more on friday. and then let's quickly check in on gamestop, coasting to a close to 100% rally last week and adding to those gains today although that's come off a little bit, hasn't it? stuart: it sure has. i saw it up 7 or 8%, i think, earlier. now it's up a couple of bucks at 266. but still 266 on gamestop, who would have thought three months ago? susan: yeah. [inaudible] stuart: that's called volatility. next case, indoor dining. yeah, it's back in los angeles, but some restaurant owners say their battle with the governor is far from over. only 25% capacity indoor dining as well. that's not much. and only 10% in gyms, for heaven sake. full story coming up. house speaker pelosi blaming president trump for the border crisis. good lord. roll tape. >> what the administration has inherited is a broken system at the border, and they are working

to correct that in the children's interest. stuart: right. we're going to take you to the border and the hole in the wall right after this. ♪ ♪

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the areas where they're coming through. this is mission, texas, as you said, and that is the border wall there. now, let me show you this, you just pan 20 feet or so to the left, and mexico is right over there. this part of the wall has been halted, construction will not start again because the biden administration has chosen not to go forward with it. now, this is part of the problem. it's like having a gate across your driveway but no fence around your actual house. the owner of the bar that i'm standing in front of which is right here next to the wall says almost daily he used to have undock united people sitting in his patio or using his restrooms or hiding somewhere over here. now he says they're just turning themselves in at the rio grande because they know they're going to be released. >> the ones that used to cross would run and hide, you know, because they were being sent back. but now it doesn't matter, you know? if they catch them, it doesn't matter. they're going to be released. you're going to be processed, released, given a court date.

they never come back. >> reporter: these are exclusive pictures obtained by fox news, taken not far from here. there's so many people crossing the border now that customs agents have to process them outside. not only are the overall numbers of people, but just look at the percent change of unaccompanied minors from january 2020 to january 2021. overall, up 64%. when you look at certain regions, the big bend region in southwest, texas, up -- southwest texas, up 141%. el paso, up 96%. the rio grande region, up 61%. fema's setting up temporary assistance for the next 90 days to help those unaccompanied minerses. in a few hours, representative kevin mccarthy will lead 12 republicans to look at one of the facilities holding the children now, and we're going to hear a lot more about that later today, stu. stuart: and the first thing out

of his mouth will be, this is a crisis. ward -- edward lawrence, thank you very much. let's bring in tom homan. good to see you again, sir. what is it, 1500 covid-positive migrants have crossed our border. there's the number, 1553 from the city of brownsville. that's the source. do we know where these people are going? >> well, they're being released into interior of the united states. they're going into our neighborhoods and our cities. and the 1553, that's just what we know about. the families and the children, they're turning themselves over because they're getting released. the single cuts, they're still hiding and'ses caping apprehension -- escaping apprehension. more than 1,000 gotaways every day because of drone traffic of, of single adults who don't want to be caught. who knows how many of them are

infected. stuart you are the so we're importing another -- is it a super spreader at this point? what are the states saying? when these people, folks arrive at the bus station, do we have any control over them if they're covid-positive? any control at allsome. >> no. look, the federal government has dropped the ball on this. and not only are we importing covid cases, stuart, we're importing workers. because when these family groups get to the final destination, they're given a notice to appear an immigration judge. you qualify for work authorization. so now you're not just talking about covid and the pandemic, you're talking about unemployment rates high in this country, and they're going to be the competing for some of the same jobs americans are competing for. i've done this for 34 years. a lot of of these jobs are good-paying, middle class jobs that they're going to compete for against american citizens in

the unemployment crisis that we're in right now. stuart: i just saw the report that fema agents are being sent to the border, taken from here and sent there to the border. why? >> i don't know. the biden administration says there's not a crisis you're talking about the federal emergency management agency whose mission statement says, i wrote it down, they prepare and react to catastrophic disasters. that is their goal. so, apparently, there's a disaster on the border of catastrophic proportions. there's a crisis. actions speak louder than words. they can keep denying the word crisis all they want, but when you send hundreds of agents to the border and build a lot of child detention facilities and you send fema down there, you've got a problem. actions speak louder than words. stuart: before the election we knew that border people had drones up in the air looking out into mexico so you could see the people coming. are we now looking at literally

tens of thousands of people on the road in central america and mexico coming here? is it tens of thousands? >> absolutely. what you're seeing right now is just the tip of the iceberg. once mexico stops taking covid, the title 42 designation, return some people back to mexico with covid, once that stops, you're going to see unprecedented surge at this border that we've never seen before. i wrote in july last year and said if joe biden becomes president, we lose the border. we're already starting to lose it. you see the numbers, you can't hide the data. stuart: what do you think biden should do today? >> call president trump and ask him how he secured the border under his administration. how did president trump have the most secure border in my over 30 years of my career, the most secure border i've ever seen. so he got away from all of trump's policies and out of the box thinking that helped us

secure the border. he should give him a call and say, i'm sorry, tell me how to fix it just like you fixed it. that's what he should do. stuart: he won't, but i'm listening to you, tom. he should. [laughter] >> call me. i'll take his phone call. [laughter] call me. stuart stuart in the unlikely vent that they're watching this program, i'm sure they will call you. there you go. thanks very much, tom homan, see you again real soon. you know, you have to check the market. we're not doing much this monday morn. modest gain for the nasdaq, small loss for the dow and the s&p. however, when you look at the airlines, it is a different story. they're doing very well. looked at that, you've got -- the percentage gapes, american, etc., etc. why? look at this. 1.34 million people passed tsa check lines on sunday. it was 1.2 million on saturday.

yes, we are flying again bigtime. these numbers keep going up. however, ashley, come in please. i don't think we're going to be going on cruises anytime soon, are we? ashley: no, probably not until at least 2023 before we expect a return to pre-pandemic levels, so that's two years from now. that, by the way, is according to carnival ceo arnold donald. he says even if cruise lines begin sailing full force again by the end of this year, it will take more time for revenues to bounce back. it's not going to happen overnight, he says. carnival, by the way, has extended the suspension of three of its cruise lines through the spring period in response to the pandemic. it takes a long time to get back on track, that is for sure. stuart: even so, cruise line stocks are up this morning. not as much as a airlines, but cruise lines doing okay.

ashley, thanks very much, indeed. football star tom brady teaming up with an english football star. yeah, how about that? we've got the video coming up for you. crowds flooding the beaches and bars in florida, but it's a different story in california where draconian restrictions are still in place. it's a tale of two states, and we're going to get into it after this. ♪ california dreaming on such a winter's day ♪♪ (vo) ideas exist inside you, electrify you. they grow from our imagination, but they can't be held back. they want to be set free.

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(judith) nope, we tailor portfolios to our client's needs. (money manager) but you do sell investments that earn you high commissions, right? (judith) we don't have those. (money manager) so what's in it for you? (judith) our fees are structured so we do better when our clients do better. at fisher investments we're clearly different. ♪♪ stuart: yes, we are one year after the start of the pandemic. indoor dining is returning to california but only at 25% capacity. connell mcshane out there in sherman oaks, of all places. there he is. only 25% capacity for restaurants, indoor eating. people can't be happy with that, can they? >> reporter: no, i mean, better than nothing, right, stuart? i mean, i think they're happy that it's finally happening, but you're right, not completely satisfied. these small business owners in

this state have been hit so hard by the restrictions, and they've now been the ones who have been pushing for political change. so, you know, to that extent finally today they're starting to get at least some results. angela mars den moved to los angeles to pursue acting, ended up owning a bar called the pineapple hill grill and saloon but says she was never political until the day she went viral. >> tell me that this is dangerous, but right next to me as a slap in my face -- >> reporter: angela was planning to issue her employees their last paycheck that day, her hand forced by the lockdowns when she was shocked to discover a movie production crew set up an outdoor dining area right next to her patio which was closed. >> i show up literally, if you can imagine, to give last paychecks and food to my employees right before christmas. i had to drive through that and see that. >> reporter: now she's become

a spokeswoman of sorts. brian avery knows the feeling. his brewery came to our attention when a health inspector appeared to start dancing right after she incorrectly closed him to close. bravery brewing sit on the northern border of los angeles county, and brian says the one-size-fits-all policies in the region have backfired in his mind. >> you can't fully shut down entire sectors of industry, force people out into unemployment or long-term furloughs without a substantial plan to replace that income that they just lost. that, to me, is absolutely unacceptable. >> reporter: all of this coming together in the effort to recall california's governor, gavin newsom, with angela leading the charge to collect signatures, and there's real momentum. organizers claim to have over 2 million names signed, more than enough to force an election if verified. in the meantime, business continues where it can. so we do now see this small light at the end of the tunnel

for the likes of brian and angela. what's ironic, stuart, it was exactly one year agod today, march the 15th, this place was shut down for the first time. there's been no dining indoors since then except for a few weeks in the summer. finally today the, as you say, just 25% capacity, those indoor diners will be back. again, not great, but progress. better than nothing for these l.a. business owners, stuart. stuart: well, sort of, connell, but we'll take that. ing connell mcshane, thanks so much. now, while california is starting to reopen a little, states like florida have been wide open for months. ed renzi is with us. now, he's in florida. he joins us from florida. i want to talk about california because i don't understand how in the same country you can have such radically different policies. shut down california a year after the pandemic, way open up florida and open up texas. how is this possible to have

such a total contrast in the same country? >> it's a terrible lack of leadership on the part of the people in california. the governor, obviously, is not responding to the people. that's why they have this recall going on. desantis here in florida has followed the facts, looked at the science, made good judgments and told the people of florida use common sense, don't gather in large crowds of strangers, stay 6 feet apart, wash your hands, keep your hands off your face, be careful, go outside and end enjoy life. be careful and smart. newsom said you don't know what you're doing, i'm going to tell you how to live your life, shut it down, shut it down, shut it down. we put up with that a little bit until we figure out what's going on, and we have a lot of people in this country that are fed up with government bigtime. stuart: but you've got to take back your free come. you can't wait for the authorities to say, okay, we don't mind if you lose control, here, you can have it back again. you've got to take it back.

i know you're laughing at me, but i'm getting kind of aggressive on this. we can't be passive when we're getting ruined. >> stuart, i agree 100%. i have to be very careful because i have responsibilities to a lot of fine people in the restaurant industry, but i can tell you, this country needs term limits desperately. people washington, d.c. are out of touch, out of control and mindless. we are heading down a path of communism and centralized government control. and if the people of this country don't start a paying attention what's happening to them, we're going to have a very sad life in the future. our liberties are going to be throttled like they are now. you stop and think about all the policing that's going on by people who are pro-mask, no mask, you know, i wear a mask every once in a while because i don't want to get people upset at me because the fact of the matter is i don't believe in 'em. okay, that's me. this is the united states. i get to think like that, but ooh i'm going to be respect.

we better start taking back control of our government or we're going to rue the day. our grandchildren are going to pay the price, not me and you. stuart: i've got nine grandchildren, soon to be ten. how about you, ed? how many have you got? >> five, and i got a great grandchild. stuart: oh, oh, okay. oh, you're way ahead of me there, son. [laughter] way ahead of me -- i'm just dying to catch up with you, that's a fact. ed renzi, we think you're all right, and we thank you very much for being with us. mr. renzi, thank you. >> glad to be here. take care: stuart: let's get back to the market. a selloff in stocks right now, a minor league sale in bitcoin down to $56,000. give me the latest on bitcoin, susan. susan: how about bitcoin atms, what do you think of that? roughly there are 28,000 of these bitcoin atms currently across the country according to one analysis, and 40% of these were just installed in the past

five months. alaska apparently is the only state without a bitcoin atm. so you can find these at smoke shops in montana, gas stations in the carolinas or tellies in new york city -- delis in new york city. and theoretically, you could buy, sell bitcoin, take out cash on your bitcoin holdings at these atms, but the fees are very high, 6-20% depending on the location, and that's why no one really uses bitcoin for transactions. but how about a luxury suite at an oakland as baseball game? would that be worth paying for a bitcoin with? luxury box panels start at just one bitcoin at the oakland a games which usually go for around $60,000. i think that kind of works since we're close to $58,000 for one bitcoin right now in. stuart: who ends up with the bitcoin, ands that is the value three months down the road? that is an unknown --ing.

susan: it could go way up, way down, i think the as are betting it's only going to go up from here. stuart: it's their bet, not mine. susan, thank you very much, indeed. dr. fauci throwing cold water on reopening plans. watch this. >> when i hear pulling back completely on public health measures like saying no more masks, no nothing like that, that is a risky business. stuart: ah, the sharp-edged heather mac donald will take that on in one moment. and crowds swarm sin city. that will be las vegas. the casinos reopen, 50% capacity. people are ready to break free. that's my point of view. more on that after this. ♪ make no mistake where you are. ♪ this is it. ♪

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♪ [laughter] >> you're going! [cheers and applause] stuart: in case you couldn't see it, you didn't get it, service that was tom brady and a soccer star, david beckham, they were paying catch in the bahamas. that was last week. brady signed a contract extension with the buccaneers good through 2022. no suggestion that soccer's getting together with football. these guys just having fun. meanwhile, quarterback drew brees announced his retirement. ashley, i need help with this. he had help making his announcement, didn't he? who from? ashley: very cute, with the help of his appreciative children. take a listen. >> after 15 years with the saints and 20 years in the nfl, our dad is finally going to

retire. >> so he can spend were time with us. yea! [laughter] ashley: finally, yea. drew brees, one of the best quarterbacks to play the game, added in a caption, by the way, to saints fans, quote: after 20 years in -- as a player in the , it is time i reretire. he finishes his career as the current all-time leader in passing yards with 80,000, second only to tom brady in passing touchdowns with 581. when -- do you remember when the saints were called the ain'ts because they were that bad? drew brees led new orleans to the playoffs nine times and, oh, yes, won super bowl xliv in 2010 over the colts. so he was a huge part of that team's success. stuart: he was. hold on, one more for you, ash.

sports betting stocks getting -- they're really strong. the platform, one of them, is -- oh, it's on the screen. fanduel is considering an ipo. tell me more. [laughter] ashley: the banner is always a giveaway. that would be, guess what? fanduel. the irish-based gambling company flutter entertainment, you know it's british, to have a flutter is to have a bet. well, it's considering let'sing a small sports program, that would be fanduel. flutter owns 95% of fanduel which runs daily fantasy sports competitions through its app. it is the largest player in the u.s. fantasy sports market, but it's valued at less than draftkings which has frustrated investors, so analysts say a shipoff makes perfect sense -- spin-off makes perfect sense as its value would be higher. flutter, by the way, with a

combination that memoried, it's a giant conglomerate. they say spin-off fanduel, it has a lot more value. stuart: it is a huge conglomerate, and that's a fact. ashley, thanks very much, indeed. on a similar vein, have a look at the casino stocks. they're up because vegas is again attracting large crowds. susan, this goes with our theme, count -- doesn't it? people are demanding their freedom, to get out and about finish. susan: capacity up up to 50% today. gamblers and vacationers are already back, shoulder to shoulder in some of these spots. wall street getting bullish on casino operators as a result. mgm hit a 13-year high this morning, jpmorgan also raised their target prize to 72 and wynn to 143, and, by the way, gamestop just had its first trading halt, resuming trade

only down 3% for gamestop. stuart: it's like the old days. susan: yeah. stuart: all right, super, thank you. -- susan, thank you. democrats pushing to make the stimulus benefits for low income families permanent. heather mac donald says the left's just exploiting covid for political gain. she's on the show next. ♪ ♪ and i need dollars, dollar. ♪ dollar's what i need. ♪ and i need dollars, dollars, dollars, what i need ♪♪ traded with a touch. the gold standard, so to speak ;) this isn't just freight. these aren't just shipments. they're promises. promises of all shapes and sizes. each with a time and a place they've been promised to be. a promise is everything to old dominion,

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aah, come on rice. do your thing. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪♪ >> if by the time we get to the fourth of july with the rollout of the vaccines, we get the level of infection so low, i'm not going to be able to tell you what the specific guidelines of the cdc are, but i can tell you for sure they will be much more liberal than they are right now about what you can do. stuart: that was, obviously, dr. fauci, saying there could be more liberal guidelines by july the 4th if cases drop. very conditional here. heather mac donald joins us now. heather is one of the stars of this program, one of the most insightful writers on this planet today.

dr. fauci's pouring cold water on our new -- what i perceive to be the an open-up move, get back to business, first on freedom and liberty. he's pouring cold water on all of that. are you a critic of dr. fauci? >> i find fauci hilarious at this sense, stuart. it's utterly nauseating. fortunately, fauci is becoming an irrelevancy in ever greater parts of the country. the country should be open now, period, end stop. kids must be back in school. they never should have been out of school. nobody should be wearing a mask outdoors because there is zero outdoor transmis. fauci and his -- transmission. fauci and his allies never told anybody that because they want everybody to be walking billboards of fear. this whole year has been the worst disaster in government policy making in american history driven by fauci and his

playing on americans' susceptibility to fear. there -- he has no more credibility now. every rule has been utterly arbitrary. stuart: we've got to take back our freedom. we can't just sit back and wait for them to liberate us. they're not going to liberate us. we've got to do it ourselves. how do we do it, heather? >> absolutely. there should be citizen brigades around businesses that open. businesses should open, they should be open with the support of the citizenry saying we are not going to allow you to be shut down again. and there has to be consequences for the politicians that went along with this happily because they are trying to expand their own power. you have a docile populace sated on these government checks, we are bankrupting future generationses, and we have destroyed a generation of children. the global consequences of the school shutdowns are going to be felt for a very long time in

stunt of human capital. people have to demand that their politicians stop kowtowing to the teachers unions and open everything up now. stuart: well, i'm sure you're aware of this, but democrat senators chuck schumer and kirsten gillibrand, they're pushing to make some parts of the covid relief bill permanent. now, that is probably going to be popular if i'm not mistaken. that is going to be popular, and they will use that as a way to win in 2022. you're laughing, heather, but i think you're agreeing with me here, it's going to be popular. >> yeah, it will. and we have to explain to people that someone who is paid for not working, which is what this government bill does, this astounding stimulus bill does, the return to welfare before welfare reform, someone who is being paid for not working is not on the road to independence. i keep hearing that this bill is going to end child poverty

because it sends out unconditional checks to single mothers. here's how you end child poverty, you rebring fathers into the family. a government check is not a substitute for a father. and the biggest driver of long-term poverty and dependence in this country is the breakdown of the family. this bill does nothing about it, in fact, it makes it worse by, again, saying for single mothers all you need to do is have more children, and you're going to get a government check. ing this has destroyed our social capital. stuart: ah, the incisive and brilliant heather mac donald, thank you very much for for bein our program. we appreciate it, heather, i really do. >> love being with you. stuart: got to get back to your money real fast, specifically gamestop. it was halted, it is now back, and it's down $12. that's about 4.7%. take a look at big tech. some of these big tech companies are down again significantly. facebook's up, apple's up, but google is down $13, and i know

for a fact because i got a little of it, microsoft is down about $2-3 at this stage. no bounceback for some of the big techs. and then there is stripe. now, the top u.s. start-up valued at more than spacex and instacart? first of all, tell me what stripe does, and then you've got to tell me what it's worth. susan: so stripe is a competitor to square and paypal and they also offer checking services to businesses by goldman sachs and barclays, other banks, so they're worth $95 billion and counting. it could be $100 billion pretty soon and, yes, that makes stripe the most valuable u.s. start-up. so it also helps you check out on amazon and lyft. i think that's a very good explanation as to what stripe does. now, $95 billion, that would be triple the valuation back in april of last year. that also makes the few

founders, two brothers from ire in their early 30s, both now worth over $11.5 billion each. isn't that great? not bad for a company that they founded just ten years ago. stuart: certainly beats my performance over the last ten years. [laughter] there you go. susan: yeah. stuart: all right, susan, thank you. for "varney" after this. ♪ hands up and touch the sky. ♪ . .

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♪. stuart: we're showing you these airlines because it is the theme of the day. we're traveling more. america is opening up rapidly. there is a new positive tone to our society as we open up from negative to positive. that is the direction. jackie deangelis in for neil these days. it is yours exthank you so much. welcome to "coast to coast." i'm jackie deangelis in for neil cavuto today. we have a jam-packed show. starting in california where indoor dining is back in los angeles after a year of struggles with lockdowns and restrictions. we're talking to two business owners going viral over their efforts to shine a spotlight on the governor's hypocrisy. then of course to the southern border where the biden administration is now directing fema to help shelter migrant children crossing the border.