jackie: you got a lot in there . thank you to james and liz. dow jones is indicated higher by 31 points before the open. that will do it for us on an "mornings with maria". "varney & co." is up next. take it away, stu. stuart: i like the sound of that. good morning, jackie. it's friday, good morning, everyone. there is plenty about the positive news this morning, spring begins tomorrow, spring feeder is in the air and more states are removing restrictions. i think the national mood is changing, but look at this. there's not much of a bounce for the tech heavy nasdaq after yesterday's big selloff, 400 points down yesterday. that's not a bounce at all. nasdaq futures show another decline. so far, there has not

been much the tech dip buying, some but not much. that's not much of a rebound left hand side screen after yesterday's gigantic selloff. the selloff-- even though the yield on the 10 year treasury just moved back to 1.70%, that's a key level, still up. bitcoin, which nowadays has to be included in any financial wrap up, still below $60000 a coin. vaccine news, today the 100 millionth shot should be administered in america. thank you, president trump. president biden will censor plus vaccine doses to mexico. america has been storing astrazeneca vaccine waiting for fda approval, over 2 million doses go to mexico in return for them imposing

restrictions on central americans trying to get to the border, i guess you could call that a vaccine border deal. mima, 14000 migrant children are now in us custody. summer covid positive, but even governor of texas where many of them are housed isn't allowed into these centers to see about conditions. governor abbott is limited. jen psaki admits it's a crisis and then immediately walked the word back. friday, march 19, spring begins in a matter of hours and "varney & co." begins right now. ♪♪ stuart: i'm celebrating spring, case closed. press secretary jen

psaki slipped up and used the word crisis to describe the situation at the border. watch this. >> there have been expectations set outside of unrelated to any vaccine doses or requests for them that they would be partners in dealing with the crisis on the border. >> you said crisis on the border. >> challenges on the border. >> so, that doesn't reflect any change in the administration? >> nope, nope. stuart: with a straight face you heard at the walk back. later in the show we will talk to a congressman who just got back from the border where there is a crisis. i'm going to go right now to oklahoma. yes, it's open for business and the lawrence jones is at a diner) oklahoma. come on in, lawrence. does it feel like i'm affected normal upbeat, positive in oklahoma?

>> good morning. it does feel like it's open, i feel freedom. of the food smelled so good. i'm from texas and i know good food. we are at stray dog café in bethany, oklahoma. people are excited to be out to see their friends and families and businesses are choosing their destiny. they want to open safely. i went to tell you a story. this is connor and he's excited to get back to school. i want you to hear directly from him. tell me about the experience of the being locked down. headed you handle it? >> it was really rough, i mean, i come from a small school. going from seeing them every single day at school and then not seeing them at all, it was weird because i grew up with these kids and just to not see them was weird and you know not only did my grades slip really hard, it was just

from straight a's to not quite straight a's and it was rough. mental health is another big issue with it all. reporter: he said he see it with your classmates as well? >> absolutely. my best friend, she-- i cannot fully speak for her but i know she struggles hard through this and, i mean, a school people adjusted changed and it's getting rough out there. reporter: you say you noticed a difference as well? >> yes, definitely. is a grades slipped and he just wasn't himself. reporter: how does it feel to be back open and to be able to see your friends again? >> it's amazing. you don't know what you have until you lose it. it's crazy. i mean, we are so excited to be back and we just become restless inside. we are teenagers. we want to be out and see our friends and hang out have fun. reporter: beautiful.

stewart's, as you see that smiled-- the smile, that's the story for a lot of families pick them with the choice to choose freedom to back to school and do it safely. these are people that are dismissive of the virus. they just want-- that's the story for the south, florida, texas, oklahoma, models for the country. stuart: lawrence, spring is starting tomorrow and i think the national mood is changing and i can feel it for you) oklahoma. thank you. reporter: i'm going to bring some of that back to new york with me, brother. stuart: please do. i want a caseload of it. bring it back. thank you. i have business for you, connecticut and closer to being fully open for business. connecticut? restaurants, retail stores, houses several

workshop can open a 100% capacity and sports practice and treatments can resume. restaurant still have 11:00 p.m. curfew and the states mask mandate will stay in place, but that's a real opening up this move in connecticut comes as the state expands vaccine eligibility to anyone 45 and older. hospitalizations down. caseloads down. connecticut opening up. that's vaccines and politics. not to futures, we have some green, but after yesterday's big selloff that is not much of a bounce back especially big tech. susan, i can see green for apple, amazon and facebook, but that ain't much of a bounce. susan: well, after yesterday when he said it closed down 3% for opera also a, but not bad to in a week. yesterday was the worst day for the nasdaq 100

in the three weeks closing at near the worst levels of the day today, with the 10 year yield backup to mac 170, but overnight it went below that level and gives us breathing room for the big tech stocks like apple. relief that may not last long as bank of america as bank of america for the 10 year yield to 2.15% for the end of the year. originally bank of america like the west of wall street that we would end the year at 1.75 or maybe one and a half percent, but instead it's only march and we're way past those levels. the rise has surprise everyone and now while tech is down you still have value plays like travel stocks, banks and industrials that have been outperforming. value is now the new momentum. you may lose money investing in tech now, but you can make money elsewhere in the market.

stuart: good to hear, susan. thank you. i have to check the 10 year again one more time back to 172 that's an awkward bounce from below 170 to above 170. jonathan hogan egg joins us now. when rates go up i'm a big tech goes down. that's a warning signal you think, jonathan? >> is interesting. susan alluded to this, the trend is up for stocks. yesterday you saw 500 new highs. these big warning signs, persistent warning signs , interest rates are moving up despite what jerome powell said about interest rates. tech stocks are lagging, not much of a bounce. look at the big picture, apple has gone from $145

to barely holding on it 120. teslas gone from 900 to 600 these are a huge part of the economies of these are warning signs. there is just too much cheaper money sloshing around having someone sold a digital art-- for $85. if that's not the sign of a bubble, i don't know what is. stuart: you got me there, jonathan because i had not seen it, they didn't understand, but i do now. that's a shocker. how about nft arch, $69 million a pop. >> this is the new craze this nft, a non- fungible token, kind of extension of crypto craze. just as someone sold

digital art for tens of millions of dollars and it just brings me back, i mean, we have done this long enough to remember the days of 2,092,010 and people wanted-- they had no appetite for risk and now they are putting stimulus checks into stock market and literally buying fart for $85. there's cheap money sloshing around and it's a sign of at least some intermediate. stuart: jonathan, you have certainly livened the show up with that statement that i'm not going to repeat. thank you. >> have a great weekend. stuart: looks like jen psaki wasn't the only one with a slip up to did you catch this from the president? watch it again. >> president harrison i -- president harris and i took a virtual tour of

the vaccinations in arizona. stuart: we got the message. that's not the first time he has made that mistake. listen to this, a group of junior bankers at goldman sachs said they are working long hours in facing quote inhuman conditions. we have that story. quick check of the futures. there still green, but that is not a bounce from the huge selloff yesterday. watch out for the 10 year treasury yield. we will be back. ♪♪

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stuart: friday morning here's what's happening when the market opens, a very modest bounce for all three indicators and it gets pretty much the same story with big tech after a huge drop in yesterday, and very limited bounce back this morning. except facebook, which is back to nearly 282. price of oil, $59 a barrel following a 7% plunge yesterday. that was a huge decline. susan: biggest drop for oil since a september. the problem is too much supply not enough demand especially coming from europe. we know europe vaccine rollout has been bumpy at best with fresh new lockdowns taking place and also researching cases of covid in asia may close down some borders and the supply side us supplies up 6% above the five-year average for this time of year so there still a lot of supply. lower oil prices often needs cheaper gas per

average americans, the average gallon $2.88. that's according to aaa and lower oil prices brings down inflation, so that's a good thing. good for tech stocks because fears of inflation has been driving up the 10 year yield and interest rates, but i went to note something that could impact 10 year treasury yields because they are moving up quickly again. looks like the federal reserve has declined to extend a covid pandemic policy and some of the banks to sell some of their treasuries which might increase the yield and that's why it's moving up so quickly. stuart: i'm trying to jot this down some banks may may have to sell treasuries. susan: i will be precise. a rural expiring at the end of the month was relaxed supplementary which mean banks didn't have to hold as many assets in capital as they had to previously if they wanted money in the economy during

covid, so as a result of his not being extended it means they have to use of fossil and their treasury. stuart: it got it look at the big financials, on the way down by percentage points. i went to bring in economist john orlovsky. we are looking at a six to 8% growth of gdp this calendar year in that situation, can we not go to 2% on the 10 year treasury? >> you are exactly right, stuart. i think by the second quarter of this year we will have the 10 year treasury yield average something about 2% and if the fed tries to suppress the 10 year treasury yield of that runs the risk of setting off a big increase in inflation worries, inflation concerns that might drive private investors and demand the

fed by even more treasuries to rein in this benchmark interest rate. it's not a pre-situation. my guess is that 10 year treasury yield continues to rise until it does some damage to their real economy and financial markets. stuart: do some damage to the housing market, won't it? if you get a sub move up in mortgage rates doesn't help, does it? >> again, you are right on target. i mean, we seen signs of this already, home buyer mortgage of patients are down noticeably from their peak. i think once we went into the situation perhaps later this year where we are looking at year-over-year declines by home buyer mortgage applications, that's going to be a pretty solid early indication that the 10 year treasury yield is peaking and perhaps

about to move lower. susan brought up an interesting point, oil prices have softened of late and i've noticed industrial metals prices and commodity prices seem to me flattening out. all of this information perhaps is telling us these economists got carried away predicting six to 8% real gdp growth simply on the basis of all of this fiscal stimulus and the reopening of the us economy. stuart: john, we will take it. watch out for 2% on the 10 year treasury yield. thank you. i went to get to a story that intrigued me from the junior bankers at goldman sachs. they are buzzing on social media. they have a big complaint, believe. what is the complaint? susan: i can't wait to hear your reaction in your view on the so-called snowflake generation. talking about long work hours of 95 hours plus,

declining mental and physical health of a no time to eat or shower, blamed without justification, excessive micromanagement they say are the complaints from 13 first year goldman sachs analysts who have been making the rounds on social media. it was in a presentation of basic they presented to the managers and it's worked because goldman sachs said they are changing policy as result. they said they recognized our people are very busy because businesses strong and volumes at historic levels a year into covid people understandably are quite stretched and that's why we are listening to concerns and taking steps to address them and that includes limits on 80 hour work weeks, boarding last-minute changes to presentations for client to meetings. 100 hour workweek, 20 hour days were pretty much the door-- norm during the heydays until recently the last five years or so.

wall street was the place to be to make money, stu. i don't think that's the case over the last 10 years with wall street competing for talent with big tech to retain the best, but i would say if you work in silicon valley, 100 hour workweek is pretty much the norm as well so you complaining about? stuart: well, how do you make the really big bucks? in various industries at certain times you have to work extraordinary hours. is gone from wall street to silicon valley. or do you want the money? you have to work for it. i will not refer to the snowflake generation ever again. checking the markets, dow jones south, nasdaq holding onto a small lead. we will take you to the opening bell after this. ♪♪ (deborah vo) i was hesitant to get the hearing aids

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out and as we know robinhood got 13 million users, the disruptive factor has been zero trade commissions and the fact that some of the data is bought by folks in the business, especially hedge fund business so i think they will be interesting robinhood because people are using it. i not necessarily subscribe, but i think there's a lot of interest in that. stuart: instacart, san francisco-based, i think. do you like it? what does it do? >> i like it and it's basically the last mile delivery for retailers. retailers traditionally haven't spent a lot of money on technology, spending less than 1% of revenue and to compete with avenue you have to spend 10x that amounts of 10% of your revenue. they can do that last mile delivery with over 400 retailers, 30000 stores and they have somewhere around a million users using the service. they cover 85% of the us

market and 75% of the canadian markets for retailers to compete with amazon in the future it will require that last mile delivery network. stuart: the last one is quaint base is that a bitcoin played some sort? >> it is definitely a crypto currency play. its next strange for crypto currency with about 43 million users, and then driven a billy not-- $1.3 billion in fees over the last year. you can pick up your crypto currency there, exchange of act two cache, bring to another currency and think of it as exchange mechanism, almost a digital wallets stuart: you have covered a lot of ground in about two and a half minutes. fine performance on television these days. instacart, robinhood, calling base, got to. the market opens shortly

have a great weekend. we will ring the opening bell and watching very carefully today to see if the rise in the 10 year yield is masked by a decline in big tech. lets us see things work out because the bell has wrong. it's now 9:30 a.m. eastern, friday morning and we are off and running. we are going down down industrial's off 47 points, that's not exactly straight down, but it is a loss. fractional loss. s&p also fractionally on the downside right from the opening bell. that's a very small fractional loss. the nasdaq is intriguing everyone these days and it's actually opened higher monopoly tire after a whopping 400-point decline yesterday. it's back up 17 points at the opening bell, not much of a bounce.

the financials all of them on the downside and this is because i believe of a new rule just announced by the fed. susan knows all about it. susan: on going to try to explain. a very complicated but we will try to make it understandable. there was a policy, the fed allow the banks to keep lesson reserve during the covid pandemic to give out more loans to help the economy recover during the pandemic, but they have now declined to extend that policy and that means banks will have to sell off some of their treasury holdings to raise cash in reserves and as a result they can't dole out as many loans meaning they make less money. you have the financial stock lower in treasury yields going up this morning. stuart: you are right, soon as that was announced we have gone from 168, 169 to 173, 174, 175,

that is tough on tech and financial support good explanation of. susan: thank you. stuart: this one is for you this is a big deal. nfl-- 11 year nfl deal media rights and they handed-- they have a major win? susan: eleven year deal as you mentioned, amazon is paying a billion dollars a year exclusive rights to thursday night football. that will be streamed on meantime fox paying $2 billion, disney and espn pain 2.7 billion and two super bowl broadcast on abc. nbc is paying $2 billion , slightly less but the nfl says it's probably the big winner, more than $100 billion for the broadcast rights over the next decade plus according to reports that they 75 to 80% increase in fees. not all the broadcast

networks make money from showing these nfl games, but it drives audiences to other programs. it's what you call a loss leader. stuart: there is a lot of money for both, obviously. this is for you as well, nike down 2.8%. i think they have a supply problem. susan: the problems were congested us stores meeting nike north american sales fell with shipments delayed by more than three weeks. store closures in europe , the bright spot as china and online sales. e-commerce surging to deny percent during the holidays. nike gets almost 20% of its sales rebounded the jump of almost 50% in china. nike sales has done well , doubling in the past 12 months. stuart: that is big. susan: i think so. stuart: i started buying clothing on amazon. susan: wow. is an amazon now the

largest clothing retailer in america? stuart: no, they were just surpassed, where they? did you tell me the other day that someone beat them for apparel sales? i will check it out. fedex is a big winner today. it's a pandemic winter, we got that. we will check it out. the stock is surging in a down market fedex is up 6.6% because the revenue rose 23% from the same quarter last year. they have been a major player in vaccine distraction. frankly, i see a fedex van on my street more than the postal service. this is you, yes forward up this morning but they have some bad news, with the bad news. global chip shortages hurting supplied chains, so ford will assemble

the trucks in north america but without service parts and idle to assembly plants to make up for that global chip shortage. also i want to throw in that looks like berkeley has upgraded ford in the meantime calling it a 16-dollar stock and that's why you have ford trading up by 2%. stuart: by the way, you were right, amazon beat walmart. susan: i'm always right. i think viewers know by now to look to me when it comes to apparel, at least in this case. stuart: and it comes to apparel, i defer to you, susan. dow jones winners, only 30 stocks in the tao and it's a down day. the stocks are winners at walgreens is up, so if microsoft sales force, walmart, walgreens, they are all up. must be some big losers. it's in the s&p 500. winners headed by fedex and the rest you can

read off the screen. now ford. nasdaq winners, where are they? are there any? i don't know many of them, but i know facebook at $284 a share , the standout technology stock this morning. we also have news on starbucks. i believe it's moving-- not that much, but what's the news? susan: starbucks has been upgraded. looks like the risk restaurant reopening will help the stock up to $124, still 20% of and that means with more stimulus money and reopening of the economy americans will be willing to spend $5 for their coffees again. also, blackstone has been downgraded. no big deal, it's because it has gotten too expensive. of the stock has really rallied the last 12 months a. stuart: i own a thin sliver of

blackstone. it's been my investment for many years and that's bad news for me. the stock is at 72. two years ago it was in the 30s, i mean, that they has doubled in the last couple of years. checking the overall market, open for seven minutes now. we are down a half a percentage point on the dow jones, about 180 points on the downside. look at the 10 year treasury. that's a big problem for all kinds of stocks. it's gone back up again to 1.73%, higher 10 year treasury yields usually means lower big tech stock prices. price of gold 1736. value of the coin $58000 , 58500 to be precise and oil is still below $60 a barrel. gasoline is still going up just a little bit,

$2.88 the national average, 69%-- 69 cents from one year ago. coming up, california governor newsom may want to stop digging himself into an even deeper hole. watch this. >> i been a strong advocate for getting our kids back in person for instruction. i have four young children and i have been living through zoom school and the challenges. put out a detailed proposal. stuart: its brutal all right, newsom's children have actually been attending in person private school for months. facebook building an instrument-- instrument app for younger-- youngsters under 13 steve calls this pure evil. really, steve? he will have to explain that. he's on the show later today. ♪♪

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stuart: i'm going to put tesla and the plug power on your screen's. really both of them and the air come out of those stocks and many other like them. gregg smith joins us. i think you'll agree the way to put it is that air has come out with some of the stocks. what does it tell you about the market? >> good morning. tech investors feel like the emperor with no clothes or could the market is feeling like a tale of two cities as with the headlines with the dow jones making new highs but tech investors underneath the service have been getting carted away. we have seen for the last few months retail investors chasing some of these high tech names like tesla, plug power and many of the easy related spac chasing them to the upside but the last few weeks

retail sentiment has been crushed, risk on has exited and we are in a much different market now, city state the obvious there's an inverse correlation between interest rates and tech news. we are definitely seeing a selloff in tech, so the question is when does it end and windy at the bottom? stuart: and we don't really have an answer, but here's another question. when rates go up, and they are going up now, which stocks go up? we all know about tech going down but in rates go up which stocks go up? >> we have seen a massive rise in financials with the market starting to highly favor value over quarrels. the fed can't stop a rising interest rates when the rice is based on stronger fundamentals like we currently have in the economy so we look around and we believe the economy will continue to do better. i had to think rates

will continue to drift higher, seems like the path of least resistance, so at one point does that stop and when can you get back in the water with tech. long-term fundamentals continue to be great for tech, but right now it still for sale looks like tech names will be lower. if there was a theme song i would say it's king george the third in hamilton saying you will be back because at one point there will be a by stuart: we had them on the screen now with a small gain for facebook, not bad up $4. miniscule gain for microsoft. you are correct, still under pressure as interest rates highest and that's the story of the day. >> bug, and they great long-term. stuart: and i'm not selling my microsoft. i'm here for the long term. gregg smith, thank you. i went to get back to tesla because i got the headline here that they are facing 20 federal

investigations. susan, that many? susan: the second michigan tesla crash on autopilot in a week. that has federal authorities stepping up their investigations, so they say they're looking into the two in michigan the past week, when in texas and that means if you added up there are 23 tesla crash investigations currently open. also, speaking of tesla, the stock is down close to 3% because of news that broken china, looks like the chinese military says they will no longer buy any tesla cars or could they are banning of concerns about fines with interior and exterior cameras on tesla cars. roughly i think around maybe six to eight cameras on any of these cars and for the chinese military, it's not good enough. stuart: not a signal of a real problem overall in china, it's

symbolic, if the military age going to buy teslas, who else will not by tesla? susan: tesla is winning the electric car market in china roughly 14 months after opening their factory. it's a big factory and why tesla stock is up 700%. stuart: look at it go down today , up 633 on tesla. let's stay on cars, porsche was-- 80% of its vehicles to be fully electric by 2030, but you know what's coming, the 9/11, the wonderful machine, the porsche nine 111 go electric anytime soon. susan: we will talk about yours afterwards, but porsche expects at least 80% of the cars to be partially really electric by 20 30, so by the end of the decade and already they say about a third of its sales in

europe are electric and nearly a fifth globally last year. the beautiful flagship sports car, the 911, says the iconic 911 will be the last porsche to ever go electric if ever, they say. they see the reason because of the design. listening to some comments he said the 911 and design doesn't allow a fully electric car because the engine is in the back. to put the weight of the battery in the rear, you won't be able to drive this car, so it's a functional issue. stuart: you know, i used it to have a 911. i got it in my 40s, but i had to get rid of it, sell it in my late 50s, early 60s. do you know why? susan: midlife crisis. stuart: no, no. it was an incredibly fast car. you put your foot on mapping and it just took off and i found that my

hand eye coordination as i got older wasn't good enough so i had to get rid of it for safety reasons. i have to move on before you say anything you will regret. senator elizabeth warren says the filibuster is racist, so we must get rid of it. she must have forgot about the timesheet filibustered senator tim scott performed of the other month. does that make her racist? i will take it on in "my take" next hour. did the democrats invite the border search? looks like it. remember that when then candidate biden raised his hand after this question? >> fraser hand if your government plan would provide coverage for undocumented immigrants. [cheers and applause] stuart: yes, there is a crisis at the border. we will get into it. we will take you to el paso, texas, after this.

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quite a loss. nasdaq up a tiny bit. here's the big problem for the markets across the board today. the yield on the 10 year treasury, just this point we went from about 1.68 to 1.73, doesn't tell mike much but on wall street that the very big deal. here are the biggest losers among the dow 30, nike, travelers, j.p. morgan, caterpillar down was québec to the border crisis. , and security secretary heading to the border going to el paso today just as jen paski slips and calls the situation a crisis and then walked it back. griff jenkins is in texas at. you did a ride along with senator portman. what did you see. reporter: this administration isn't one to two reporters are the media the long ride along seneca, let me show you the sign over my shoulder. you can see us of the

border patrol access only. well, the border patrol once to grant my frequent requests to go on right belongs and see the facilities, but washington is blocking it. fortunately, senator rob portman of ohio ranking member of homeland security committee was going to be in el paso, and he was given a two or-- two or by the border patrol council and offered for us to go along and it was unbelievable what we saw. afterwards i talked to him and hear some of what he said. was an ischemic eye that was happening all over is that there are more people coming, warren waffle entries, 100,000 plus, up almost 30% in february from january so it's getting worse and worse. reporter: we talked to the migrants. are they heating the white house message? decide for yourself. do you think more will

come under the new administration? [laughter] reporter: over 600 apprehensions last night just in this sector. we reach out to dhs for a comment about with the secretary will do today and we have not heard back. stuart: he's right at the border there, griff jenkins. ahead on this program today tammy bruce, k.t. mcfarland, steve hilton, second hour of "varney & co." is next. ♪♪ ♪♪

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♪ feel free to rock around, to rock around, that's right on time -- ♪ t tricky -- it's tricky ♪♪ [laughter] stuart: life is tricky, and that's a fact. all right, it's 10:00 eastern time, 7:00 pacific time. right now the market is down, especially the dow industrials. 300 points, 32,500. and the nasdaq barely moving after yesterday's whopping, great decline. here is the problem on your screen, the yield on the 10-year treasury back up to 1.74%. again, doesn't sound like much, but that on wall street is a

very big deal. it's really hurting the financials. look at 'em go down. there's a fed rule change which is also hurting them, actually moving the treasury yield up. not helping the banks, they're all down. and big tech, almost all of them are -- up. okay. there's not much of a gain except for facebook which is up 2.5%. amazon fractionally higher, apple unchanged, microsoft, google down again. now this. senator elizabeth warren tells axios the filibuster is racist, therefore, get rid of it. i guess the it's a sign of the times. the left will find something it doesn't like, slaps a label on it like racist and ends the debate. never mind the fact that she used the filibuster herself just months ago to block senator tim scott's police reform bill.

now senator warren is slapping on the racist label because the filibuster will stop her from con confiscating, that is seizing, your money. her wealth tax will not get past the filibuster, so she wants to kill the filibuster. the socialists cannot transform society if the filibuster forces them to get 60 votes in the senate. they don't have 60 votes in the senate, but they know this is their moment, and it might not come back. they have the white house, they've got the house, and with vice president harris casting the deciding vote, they have the senate. they can get their way if they maintain absolute party discipline and, yes, abolish the filibuster. what socialists want is to punish wealth creation with massive taxes and full-on government control. they want your money. and if you won't give it to them, they'll take it. senator warren says the filibuster was used generations ago to stifle civil rights, so it is racist.

the cancel argument, i think, is wearing a little thin. we're seeing so much of this back-dated labeling that it's losing its power. cancel the filibuster because of the events of the past so america has a socialist future? no way. the second hour of "varney & co." is about to begin. ♪♪ stuart: all right. let's bring -- let's get right to it. tammy bruce is with us. your response to what i just said, tammy. >> well, bravo, because you're absolutely right. and what's fascinating here, and this is why every american should be concerned especially people of color, is that they're now using that accusation, incredibly serious issue that this nation has had to deal with since our conception, had a civil war about, millions died. it's an extraordinary american

experience that we continue to work out, continue to deal with. and now they're using it like a dirty dish rag, like something they can use to get whatever they want. like a bell to ring are. it's something that is serious, and yet they're treating it as though it is part of their political tool chest. and you're right, the more you hear something like this, the more -- the weaker it becomes, the less impactful it is. not only is it that issue for the american people, but it's the hypocrisy you pointed out. not only when it came to tim scott's criminal justice reform bill that they filibustered, but also a covid relief bill. as a matter of fact, in trump's first term, his only term, 314 times they used it against him, the democrats. and compared to every other president combined, stuart, it was used 244 times. so they used it, and it's an important tool. i wish the republicans would use it more. it's an important tool because,

you know, the founders wanted everyone to have the a voice. they wanted balance. and the democrats had their bottom handed to them in the 2020 election, losing -- get a small majority in the house, it's 50-50 in the senate, that is not a statement from the american people, stuart, that they want one party to have a single voice in the governing of this country. stuart: okay. do you see any signs that this cancellation, again, the cancel culture, do you see any signs that it's losing its power, losing its steam, that it's no longer an effective tool, that we're turning a corner? any sign at all? >> well, you know, you have got to have the millennials, generation-x, you've got to have younger people who realize that it's also coming for them, that it's a teen vogue editor had to

resign over tweets from a decade ago. the inherent design for fairness is in the american dna, and there's going to be a point -- and it's going to have to come from the center-left -- that says, you know what? this is not what we stood for, this is not what we want. but people are going to have to realize that this is a cancer on society, that it will ruin everyone's lives, there's no benefit to it. and so i do think like with j.k. rowling, ray fiennes recently came out and said that's wrong, what she was experiencing. all civil rights leaders, they're recognizing the problem here and that's, i think, a good sign. stuart: tammy bruce, thanks, as always, for being with us. thank you so much. enjoy the spring. [laughter] let's get back to the markets, please. lots of red on the left-hand side of your screen. i want to bring in kenny palkari. welcome back to the show. here we go again, the yield on the 10-year treasury goes up to

1.74% i think it is right now and stocks go down. when will that relationship end, if ever? >> it may not end for a while until there's, until rates get to a level that the market considers normal. and we're not there yet. you can see it. you saw the angst it caused when we went from 1.3 to 1.6, then it calmed down as the market got used to it, you now see the angst it caused going to 1.75. a disastrous day for some of the tech names. you know, the index was off 3% but some of the individual names off much more. and so i think we're going to still have that angst in the market as yields continue to rise until it gets to the levels where investors think that it's fair. and we're not there yet. stuart: okay o. well, give us some add vice here because we've had -- advice here because we've had economists on

this program who say, look, you got a very strong economic rebound, you're probably going to get 2% on the 10-year treasury, so give some advice to our viewers. almost everybody who's in stocks has a piece of the big tech action. how old they sell now? sell half of it? if. >> no, they shouldn't. no. listen, you and i talked about this. a little bit, could you trim? of course, you could always trim. you should always trim to rebalance your portfolio if it's out of balance. but just because the market's going through this anxiety at the moment, if you're a long-term investor, you don't want to throw everything out. you don't want to -- you know, you can rebalance it, you can look for plays that are going to do well in this transition, so there's cyclicals, industrials, names like caterpillar and ibm, consumer staples, right? stuart: but some of us are a lot older than you, kenny. [laughter] some of of us are well into our 70s. >> i'm going to be 60 in two

weeks. i'm not that far behind. but, look, it's okay to have some of those non-sexy names in your portfolio at a time when the market and the country and the economy is in a transition. they'll offer stability the, they'll offer yield and they'll offer safety for people that are a little bit concerned. if you're 20 years old, you are all in, you are risk on, you are well on the scale because you've got 50 years to go. i know, you know. stuart: okay, what did you say? you just turned 60? >> no, not yet. i'll be 60 on the 29th. so, yeah, i've got two more weeks. stuart: you're a child, kenny, but you're welcome back on this program anytime you like. [laughter] stuart: you could just about be my son -- [laughter] >> i could not. who are you kidding? if. stuart: stop it, stop it. we're not going there. kenny, thank you very much for being on the show today. >> you're welcome. stuart: now, susan, come on in because i think -- take a look at the banks.

they're all down. what's going on? susan: i didn't want to interrupt your bromance there with kevinny. banks -- kenny. banks are all down because the federal reserve declined to extend a covid-era policyiesies and -- policy, and that is forcing banks to keep more on in reserve, they have to sell treasuries to raise that cash, and that's pushing up yields again. that spike that we're seeing. nike said u.s. poor congestion hit north american sales, and that's going to hit them. gray scale bitcoin trust actually up with bitcoin prices staying higher at $58,000 despite the nasdaq selloff. ford is being called a buy by barclays, $16, and that's despite the fact they had to. cancel two shifts because of the global chip shortage, and fedex, blowout earnings in the holiday period as people shopped online, and fedex is the biggest contributor this

morning to the s&p 500. stuart: yeah, that's a blowout report, all right. susan: oh, yeah. stuart: i see fedex vans up and down my street more than i see postal service vans. ups is in there too. electronic buying, online buying and selling means somebody's got to deliver it, and fedex is really cashing in. susan: yeah. stuart: but let's get back to big tech. susan: yeah. stuart: not just today the, they've had a terrible week. susan: yes. stuart: can you put some numbers on their very bad week? susan: i warrant to show you the -- i want to show you the worst day for the week, that 3% selloff. that adds to the declines, and we're close to 7% down so far in this week. it's going to be volatile today as well. we have quadruple witching today which means stock, index options expire along with derivatives and stock features, so there's going to be a ton of volume, and that causes distorsion, as you know. of course, the biggest factor

are these 10-year treasury yields. and this morning bank of america predicting 2.15 at the end of this year. at the start of 2021 they thought we'll geld to 1.75 concern get to 1.75 by the end of 2021. we're already here, it's already march, only march, in fact, and this move has surprised everybody by how fast it's gone. we know rising yields it's more risky especially when with you can get guaranteed money elsewhere. stuart: yeah. it's the sharp rise in the yields, the spike almost in the 10-year, that's what upsets people. susan, thank you. didn't we start out this morning before we went on the air -- [inaudible conversations] stuart: yeah, it was 1.68, now you're 1.73, and we had been 1.75 a few moments ago. thanks, susan. california's governor newsom claims he's just like any other

parent. watch this. >> look, i've been a strong advocate for safely getting our kids back in person for instruction. i have four young kids myself. i've been living through zoom school and all of the challenge related to it. put on a depailed proposal to -- detailed proposal to our legislature, it's brutal. stuart: it's brutal? only problem is his children have been going to in-person private school for knots now. -- months now. we've got the story. instagram for kids. facebook building a new platform for youngsters under 13 years old. would you let your child on it? first, though, the biden administration is planning to send millions of covid vaccines to mexico. congressman rob katko was just at the border. he's going to sound off on that plan after this. ♪ i love it when you -- ♪ ♪

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♪ stuart: the news is the dow has now lost all of its gains that were made this week. it's now down 250 points, and the nasdaq's turned south to the tune of 30 points. just above 13,000. these stocks, these are dow stocks, collectively all down and collectively taking 200 points off the dow industrials. you're 32,6 on the dow right now. the u.s. is finalizing a deal to send 4 million doses of the astrazeneca vaccine to canada and mexico. congressman john katko, republican from new york, joins us now. congressman, this sounds like a deal to me. we send the vaccine south of the border, they in turn, the mexican government, closes or

tries to close their southern border to restrict the flow of central americans coming here. is there something wrong with that dealsome. >> well, i can tell you i just went down to the border as ranking member on homeland security, and here's a fact: there's 1,000 una accompanied children and some parents with them at one facility, not a single one have been tested. they're being released into our community, it's naturally going to spread covid. it's just going to happen. and half the border patrol agents or more have not been vaccinated, our schools are still closed, our businesses still have huge restrictions, yet we're going to send those precious vaccines to another country? i'm all for humanitarianism, but i think we need to take care of our people first. so i think it's very ill-advisedded to send millions of vaccines to another country when we have people here who want the vaccines that can't get 'em. stuart: but if you want to get the mexican government to help us, you've got to do something for them other than just demand

they do something. and sending them a couple million vaccine doses is surely part of a pretty good deal, isn't it? >> i think it's okay to incentivize the mexican government. i think that's what the previous administration did, and that's why we had a lid at the borders, because we had a remain in mexico policy. we were cooperating with the mexican government. we had cooperation agreements to some extent with the central american countries where the people were coming from. and all those are not working right now because of the president's executive orders on january 20th. they rescinded all those. so we've got to get back to what we were doing before because it was working, keeping our border secure, and i think that's what we need to do. stuart: do you see any way of stopping this major flow coming to america now? >> here is the problem, stuart, on january 20th the president signaled through his executive orders that there's a very different tone at the border. that's all the drug trafficking organizations needed to hear. and by doing that, they are making $4,000 a person on average to ship people from central and south america up to

the united states. now, we also know people are coming in from other countries, and we even have four people that were apprehendedden on the terror watch list recent9ly. the cartels have the market, and they're exploiting the market because they know that the border's much softer than it was before january 20th. and that's just an irrefutable fact. if we went back to our previous policies, we could stop this pretty much overnight. stuart: we're not going to do that, and that's a fact too. republican john katko, thanks for joining us. we do appreciate it. >> you're welcome, my friend. stuart: now this, peloton has issued a warning to owners of its bikes following a tragic accident. susan, you better take us all the way through the story. susan: it's pretty shocking. in a letter that was posted online late yesterday afternoon, ceo john foley said that he recently learned that a child died in an accident involving the fitness company's treadmill called tread plus. he said the company's focus is

now on safety, and he encouraged customers to take precautions such as keeping the equipment safety key out of reach of children. now, a federal consumer watchdog agency, the consumer products safety commission, aware of this incident and now investigating according to nbc news. peloton had put off its release of its new model this year in order to clear the backlog of bikes and equipment they had problems producing with the huge demand. although peloton did recently say that -- capabilities by 700% the past year, so they might be bringing that next generation treadmill back to market soon. stuart: okay. thank you, susan. i've got another one for you. facebook, they're building -- we are told -- an instagram for kids under the age of 13. susan: yeah. stuart: i could see how this would be contentiousment tell me more. susan: okay. we'll talk about this afterwards, but this was only announced internally. it hasn't been launched to the public just yet, but it does go

happening in hand with the announcement facebook and instagram made this week restricting the main instagram, the platform used to those 13 years and older. so they're developing a version for kids, and this will feature parental controls. it's also a way, according to buzzfeed, that facebook can get instagram into the hands of the next generation of internet users, get them hooked on the apps early. no specifics in terms of what the parental controls will look like and what specifics they can control, but we know facebook will be taking it from their kids' version of messenger back in 2017, you need parental permission in order to speak and interact with certain users and on certain topics. that's pretty much similar to what you can expect from this kid version of instagram. stuart: i think it raises the question what age do you let your kids have a smartphone. susan: okay. stuart: and then if they've got

a smartphone, how do you monitor what they're doing on it. susan: right. stuart: we're going to get into it with steve -- go ahead. susan: that's something i would love to hear from steve hilton later on as well, because i think the average age probably a around 13, 12-13, if all the kids and your fellow students have smartphones, that's peer pressure to get one too and especially get on these social media platforms. stuart: absolutely. steve hilton calls it pure evil. okay. we'll discuss that later, susan. [laughter] susan: wow. stuart: all right. cancel culture strikes again. the editor of "teen vogue" resigns after controversial betweens from a decade ago. she apologized for those tweets years ago, but that's not enough for the woke mob. the first official u.s./china meeting under president biden got off to a rocky start. kt mcfarland knows a thing or two about these early meetings in an administration, and she has some advice for this white house after this. ♪

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♪ stuart: check that market. oh, look at it go down. certainly the dow industrials, off 200 right now. a tiny bounce for the nasdaq after a whopping, great big decline yesterday. the tone this morning on the downside largely, and this is why. the yield on the 10-year treasury. again, doesn't sound like much, doesn't sound like it's important but it is. there's a long-term -- these are long-term interest rates, and they're going up, and that's a big deal on wall street. 1.73 is the yield noun the 10-year treasury. we're just getting this coming at us, tsa says 1,407,233 people flew yesterday. that's a big number. it's the highest number of travelers on the airlines since the pandemic began. very good sign that we are beginning to travel again. we are opening up, we're going places again. american airlines, united airlines caught in the market downdraft, however, on the downside. a fiery start to the first ming between the united states

and top -- meeting between the united states and top officials from china. what was supposed to be a four minute photo op ended up lasting over an hour. both sides kept calling reporters back in so they could try and get their last jabs in, so to speak. kt mcfarland joins us this morning. you were at meetings like this when you were with the trump administration. the new administration starts, you meet with senior chinese officials. what did china demand four years ago? >> four years ago during duringe transition we met with exactly the same officials that the biden administration's currently meeting with. one side the americans, the other side is the chinese. they have big binder notebooks, they open them up, they start going through their list and their prepared statements, and they initially start out with these are our core interests, these are our red lines, these are things that are nonnegotiable. we're not going to talk about 'em, we're laying down the law. and with us they did taiwan and

they did hong kong. there was no uighur concentration camp issue at that point. but they set it down. they expected us to say, yes, yes, fall in line, but of course, president trump's response to that was with regard to hong kong, he spoke up in favor of hong kong, and with regard to taiwan he called the chinese, the taiwan chinese president, and started to establish a dialogue with taiwan. so he wasn't having any of the chinese demands. the question will be now what will the biden administration do. china's put it out on the table, stu. it's out in the open. they think they're running the show, and the united states -- especially the new biden administration -- should fall into line. stuart: correct me, if you will, but i don't think we -- the american side -- puppet covid and -- put covid and its origins on the table9 with the meeting with the chinese. i think i'm right in saying that, am i? >> i think you're right. under the biden administration, the emphasis will be on human

rights which is what they think of the concentration camps in southwest china, but it will also be global health issues and global warming issues. they're not looking at the other things with the seriousness, i think, that they deserve and the seriousness that the trump administration put them. and particularly they're not calling china out for being the origins of this pandemic that has devastated the world. stuart: and particularly crushing a bee con of freedom which was -- beacon of freedom which was hong kong and taiwan which is still a beacon of freedom. that should be right up there on -- defend the liberty that's still available around the world, but they're not doing it. what about north korea? they seem to be giving us the cold should or. they're calling nuclear talks with the biden team a waste of time. what do you make of that this. >> yeah. the names are tell -- north koreans are telling biden to get lost. and why? because they can do it. north korea survives and exists because of sponsorship from china. they get their fuel, their

electricity, their food, everything from china. and right now it suits china and china's interests to have north korea be a problem for the u.s., for south korea, for japan. it keeps the united states, south korea and japan, keeps them on their back heels. and china's very comfortable with that. so i don't think you'll see any change with north korea. it would be worth pointing out thouthough, stu, that trump understood that, and he realized that with kim jong un, the head of north korea, it didn't matter to him about promises to help his people or modernize. what he wants, what kim wanted was ego. he wanted to be a big guy on the world stage, and trump gave it to him intentionally because trump thought in the second trump temple he could pull -- term he could pull that out, and that would all of a sudden give us leverage over north korea. we've already sanctioned them as much as we possibly can. stuart: it sounds like a big -- to me, but we'll see how this works out. i think i could use the word cave, and i think the you would

agree with me in using the world cave. would you? >> works for me. stuart: got it. [laughter] okay. kt, thanks for being here. see you again real soon. i want to check the financial markets. we've been doing that on the left-hand side of your screen, and now look at the price of oil, you're back to $59 per barrel on pace for the worst weekly loss since october of last year. can you give me a remember reason for this big drop, susan? susan: that's because this is too much supply, not enough demand especially coming from europe. and yesterday we saw the biggest drop for oil prices. we were down some 7%. so on the european side, we know that europe's vaccine rollout has been bumpy with fresh new lockdowns off surging cases of covid, in asia closing down some borders over there, and that means demand is lower. on supply side, u.s. stockpiles are flush right now, 6% above their five-year average for this

time of year. now, lower oil prices often means cheaper gas for average americans. that's a good thing especially as we head into the summer driving season. the average gallon of regular, $2.89 according to aaa. also lower oil prices should bring down inflation, so that's good for tech stocks because we have fears of inflation, higher prices have been driving up the 10-year yield, and interest rates. however, not having an impact this morning. it did overnight, down below that 1.70 point and that was because oil prices really sold off. stuart: yeah. the indicator to watch this morning is the yield on the 10-year treasury as we've constantly said throughout the show. all right, susan, nasa and space item x, they've got a deal? what's the deal? susan: to avoid satellite collisions in space. spacex already has over a thousand starlink satellites in o bit, but that's just a tiny fraction of what they want to launch in the future.

they've asked permission to launch 12,000, as many as 42,000 over the next few decades, and having that many satellites up there also increases the chances of accidental crashes. massa saw and spacex have a deal now to prevent these collisions. nasa will give spacex info about its missions in advance as well as not to move its assets in the event of a possible crash. but starlink satellites are the ones expected to move and take evasive action. also i want to show you this, elon musk showing off the first-ever super heavy booster for the starship, and that's expected to take people and cargo to the moon and mars in the future. they need to get that landing right because three fireballs in the past three months, i think. stuart: who would have thought we'd be manage satellite traffic in space. i mean, who would have thought? but we're there. that's where we are. susan: that's a lot of satellites. stuart: incredible, isn't it?

susan: yeah. stuart: next case, march madnesses, it is underway. but it's this video from off the court that is going viral. watch it. >> this is our weight room. let me show you all the men's weight room. stuart: that's just a teaser. i think you might if get the point, but we will show you the full video. our own grady trimble's in inch annapolis where -- indianapolis where restaurant openers are hoping for big business from fans. we'll take you there next. ♪ ♪

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♪ stuart: look at the markets, we've got a bit of a turn-around for the nasdaq because that has now turned up.

gamestop, though, to 192. and by the way, bank of america says young traders probably won't buy the stock, that's gamestop, with their stimulus checks this time. a lot of other institutions say the exact opposite, but bofa says, no, you're not going to put it in gamestop. we'll see. struggling restaurants looking to the make a comeback with march madness. grady trimble is in indianapolis. grady, don't they have restrictions on indoor dining there? >> reporter: they're at 75% indoor dining here, stu, so there are some reductions, but a lot more -- restrictions, but a lot more open than a lot of other states. and this is bank ors life stadium where the pacers play, and they've got this entire road blocked off so the restaurants can expand and do outdoor dining for march madness as well. michael is the owner of the district tap, and you're really hoping for a restaurant rebound here during march madness. >> absolutely. from a year of covid winter, we can't think of a better way to

really kind of start marking the end of this or the end of the effects of the lockdown. and to come back and be able to safely host, you know, 64 teams for this great event, we're really expecting a lot here today. >> reporter: you've got 64 teams here, you've got all of the fans here, which is unusual for a first round, and you've got the fans coming to the bar when with it opens in a little bit, but also the teams are ordering from you as well because they're stuck in their hotel bubble. >> absolutely. we've got three weeks of business that's going to shoot us out of a cannon the, so to speak. indianapolis has set up a taste of indianapolis, so the teams each day get to choose one restaurant, and each team gets a taste of the local fare here. >> reporter: it's great to see, and we're seeing some fans trickle in as the games are about to start in just about an hour or so. i confused you when i was talking about brackets yesterday, stuart, so i hope this is something you can understand and root for,

restaurants making a comeback. stuart: you know what i'm rooting for? good weather in indianapolis so those restaurant guys can make some money. that's what i'm rooting for. all right, grady, thanks very much, indeed. want to bring susan in -- [laughter] just a few moments ago we showed our viewers that short clip of ncaa women's basketball player showing us the difference between the men's and women's weight rooms. [laughter] take me through the story. susan: so she posted a video showing the disparity between the weight rooms of the men's and women's tournaments, and there was enough space, apparently, for the ncaa to administer equipment to the women's room -- add more. that's the full that you see for men whereas for the women, i mean, come on. where's the equipment that women need as well? let's listen in. stuart: are you asking me? >> march madness, the biggest tournament in college basketball for women. this is our weight room. finish -- let me show y'all the

men's weight room. the nc ark a came out with a statement saying it wasn't money, it was space problems. let me show y'all something else. here's our practice court, right, and then here's our weight room. and then here's all this extra space. susan: yeah. so let's see what the nc ark a says about this. they say we want to be responsive to the needs of our participating teams and we are actively working to enhance existing resources, yes, additional weight training equipment. because i need to pump my iron too. i mean, the fact that they think we don't need to lift weights or we're not interestedded in building bulk in order to play basketball. that's just ridiculous to me. stuart: i have no comment whatsoever, but i've got another story for you. [laughter] we brought it to you earlier. the oakland as were trying to sell one of their luxury suites using bitcoin. we've got an update. what is the price of the luxury

suite in bitcoin? susan: okay, got it. for bitcoin and the oakland athletics, the president says they are very close to finalizing the sale of one of its ten bitcoin suites for the 2021 mlb season. and they're expecting this announcement to come maybe later on today. we know that the oakland as probably a trailblazer here in major league baseball, really in sports because they're offering up their luxury suites for this season for one bitcoin. currently trading at $58,000, that's pretty much how much you would pay for a suite during the season anyway. it was roughly $60,000. so as you said before, for a bitcoin, they are expecting some asset appreciation in that bitcoin price. stuart: they're hoping for it, and that's a fact. all right, super, look what's coming up on the show. walter isaacson, he's the man who wrote that brilliant book on steve jobs. he's going to be here. he says we'll be able to alter a

baby's characteristics genetically within two decades. that's a moral question. ful should we do that? the debate is on, and walter joins us shortly. ♪♪ music) ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪

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♪ stuart: breaking news, and this is important, the cdc shortening covid social distancing guidelines for kids until school, k-12. the children can now sit 3 feet apart with masks. but teachers should still stay 6 feet apart, 6 feet away from the students. that's just coming out. now this. our next guest says we may be able to manipulate a baby's characteristics within the next 10-20 years. walter isaacson is the author of the new book, "the codebreaker," and he joins us now. sirring i've got to tell you, loved your book on steve jobs. it's the only business book i read from cover to cover. you, sir, are brilliant. and i'm going to get a copy of your new book as well. here's what i'm interested in. i believe you actually learned gene editing so that you could write the book. so my question is, can we really manipulate babies' characteristics 10-20 years

away? >> i'm not sure we'll be able to do personality and iq within that short time frame, but it's going to happen within a few decades. certainly already, this past year, we've been able to cure sickle cell anemia, take on a lot of genetic diseases, about a thousand that are pretty simple, we'll be able to do it through gene editing. a chinese scientist did something against the guidelines, which means he made inheritable edits in embryos. it gets passed could be to all generations afterwards. it affects the human species. he did it to stop a receptor that allows hiv, the virus that causes aids, which seems shock ing, but in the middle of this pandemic, i think we'll all get our minds open to the fact that maybe we'll also do some editing to help protect us against viruses. stuart: it's a moral question, isn't it? if we can do it, should we do it, and in what circumstances should we do it? are we in that e debate yet?

>> i think we should start that debate because, as i've said, we've already done inheritable edits in the human genome, this chinese doctor. and i did it in a lab -- not inserting it into a real patient, but was able to ed kit human genes. -- edit human genes. so if we could start this debate, it would be very important. and it's not a a simple yes or no answer. it's a slippery slope, so it's best to do us cautiously, step by step, and say, okay, single gene mutations that cause bad diseases like cystic fibrosis, must collar dystrophy, i think, yes, people would say, yes. you ask about personality, height, hair color, enhancements to our children, should the rich be able to buy better genes for their children. what about editing out the diversity of our species if everybody decides they want designer babies? so in the book besides talking

about the scientific adventure story that got us to this point, and jennifer dowden, the person who led the discovery of it, i actually with her and ethicists and spiritual leaders, others, say all right, let's look at some cases and figure out where we're going to feel comfortable. stuart: but at the end of the day, the genie is out of the bottle. if you could learn gene editing, a lot of other people can, and there are going to be some rogue actors in the world somewhere who will do what the rest of us don't want them to do. you can't put the genie back in the bottle, can you? >> well, it'll be tough. but, yes, we have, like, the fda approves vaccines and treatments and everything else. jennifer dowden, my main character, has gathered people from china, europe, england and the regulatory agencies. and you're right, you're not going to stop rogue actors who are totally dedicated to doing this. same way you can't stop people

from getting off-label drug treatments, going to argentina or venezuela to get unapproved medical treatments. but i think we can at least stop, you know, 99% of it if we say these are things we don't want to do. but the thing i'm interested in is not stopping it, but using it. because i think this is going to be a boom for all of humanity and for our health especially if we don't abuse this ability to edit our genes. stuart: it's fascinating. very timely book, and i will read it as soon as i get my free copy. walter isaacson -- [laughter] thank you very much for being here, sir. we really appreciate it. thank you, walter. >> thank you. stuart: all rightment there's the book on the screen, "the codebreaker," walter isaacson. great book. it will be when i read it. another big hour coming up. look what we have for you. steve hilton, nancy mace, tomi lahren plus spring fever. america's coming out of the

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>> tech stocks lagging, too much cheap money washing around. until rates get to a level that the market considers normal and we are not very yet. >> by the second quarter the treasury yield will be above 2%. that runs the risk of setting off a big increase in inflation worries, inflation concerns that might drive private investors. >> the emperor who has no clothes and the market is feeling like a tale of two cities. when do you think about it? ♪♪ just got paid ♪♪ friday night

♪♪ stuart: just got paid. it is 11:00 on the east coast, 11:00 eastern time, friday march 19th. the news is we moderated the loss for the dow, it is down 170, we gained on the nasdaq 73 points. the financials a big dad on the drought -- dragon the dow. in percentage terms we have a selloff in this is why. the yield on the 10 year treasury is moving the market today. we are up one.73%. now this. last weekend we put our clocks forward one hour. this weekend, tomorrow to be precise, spring begins. these two items are important as we come out of the year of pandemic restrictions, surely more daylight, better weather will accelerate this coming out. it varies from state to state but restrictions are coming out

everywhere even in new york city. that changes the mood. america's successful vaccine operation is helping too. as of today 100 million americans will have the jabber. some are calling it the freedom to have and so it is. more willing to get out and about if the virus can't get you wherever you live. you see what is going on in florida in texas, they opened up the sky and the sky has not fallen. that sends a message to politicians dragging their feet and so does gavin newsom's recall. he never recovered from his maskless break his own rules french laundry dinner. other politicians take note. spring fever, not just bring breakers who catch it but the rest of us are fed up with being cooped up, eating alone, missing our families. i am looking forward to monday morning bringing you video of americans enjoying their freedom.

this is it, the turning point is here and so is the third hour of "varney and company". >> facebook working on a version of instagram for youngsters under 13 years of age. steve hilton has a strong opinion of this was he called this evil. did you say this plan for a platform under 13 is evil? a little strong, steve. >> i think it is weak. i call it corporate child abuse, in the name of hooking customers as early as possible, doing the direct opposite what parents want.

making kids are addicted to devices, phones, screens, digital world far earlier for their brain development, robbing children of their childhood, their innocence. they will tell you just how damaging this kind of addiction made worse by the pandemic, if things schools, back to normal, not luck her bird and sheryl sandberg want to make it worse. and this kind of marketing, should not be allowed. stuart: it is here already. when a youngster to get their first smart phone but that argument is through and done.

i see kids getting younger and younger with a smart phone because they have to do things on a smart phone. you can't stop this. >> i agree with you that that is a problem. why make it worse? secondly we can reverse negative things in the name of positive social change. we send kids down to coal mines. you cannot live these things. the ties to the early indoctrination -- i long argued going back years now when i was working in the uk government a decade or so ago that we need to outlaw, ban kids from having smart phones and devices like that before the ages of 16. doesn't mean they can't have a phone to keep in touch, an old-fashioned phone if they want to call your parents, totally agree with you that. i have children and want to make sure they are able to get

in touch but there is no reason for them to have unsupervised access to the internet, the disgusting and depraved foreign, and influences the way they see their sexual relationships well into life. it is destroying children later into life. this is something that is a serious issue, zuckerberg and sandberg to have kids themselves to be making it work like this is truly depraved. stuart: i'm very surprised, i thought you and i were very much alike, loving our individual freedom which our constitution guarantees, here you are saying make it illegal for a youngster under 16 to have a smart phone. where are you going with this? >> we don't allow them to smoke, don't allow them to drink out the hall, that is the

duty of a parent, to nurture them and make independent choices. free to make choices in the adult world. in the childhood world, we need to protect them from harm. a lot of these things are harmful, to the psychological, social and brain development. stuart: maybe you are neanderthal who simply can't get used to the new technology. i got to leave it. are you going to take this up sunday night on the show? i will be watching this, my children and grandchildren. they will be on their phones. i will forgive you for all your

previous transmissions. let's move on, dow industrials down 200, nasdaq down 81. michael lee is with us. i read your stuff and know what you are saying. you say inflation is not coming. you have 30 seconds to make your case, steve hilton took a lot of your time so you got 30 seconds, no inflation is coming, make your case. >> until the velocity of money picks up, what you are seeing is a deluge of treasuries hitting the market while shelf space is being reduced due to fed requirements in the last hour. we are printing a lot of money, printing a lot of money for the last 11 years.

we are simply not going to see it and when people think there's inflation they start buying value stocks. why should i pay an exorbitant multiple for growth when these classic companies with good balance sheets will grow with inflation, i say this is a head fake. when you have the selloffs it is time to get involved. i don't see this inflation, we will have a few head fakes over the next few months. we have tough year over your comparables from the depth of the recession last year. these will be our entry points. the bond market over the next few months as these big banks still a bunch of treasuries but yields will end lower than they are today. stuart: we have to you dip -- a huge differ the tech stocks. you think they are going to bounce back to their old highs anytime soon? >> they will make new highs before the end of the year and the easy way to play that, 20%

of that etf is apple and 20% is microsoft. i think it is an easy way to get involved. as we see these dips throughout the next couple months. stuart: it is still my favorite. i still own microsoft, sold some of it and bought it back. i'm still in it. my largest stockholding by a long way and i am not selling. the least selling pressure is on microsoft and it will bounce back. thank you for being with us this morning, appreciate it. i have steve hilton's comments, we will get a lot of emails on that one. susan is with us, various stocks including draft kings. >> march madness kicks off in an hour's time, draft kings and

penn national looking for a big windfall from the ncaa tournament, and up to $1.5 billion in wagers generated this year. tesla is going the opposite direction after china's military ban purchases of any teslas over concerns of spying and sensors and accounting for 20% of global sales for total and military purchases, not a lot of money here. let's check on game stop, a big selloff, still lower, around $200 but i think game stop is being dragged, the yield is going up. banks usually rally when yields go higher but not the case this morning because the federal reserve into the covid policy which requires banks to keep more money aside in reserve and that means they can't give up more loans and make money off of them so banks have to sell

treasuries to raise cash to put aside which is why the 10 year yield has been sparking this morning. take a look at visa selling off, the doj started an investigation into these high debit card charges. stuart: that is a sharp drop for visa, close to 5%. thanks very much. the editor of teen vogue magazine out over controversial tweets from a decade ago. she apologized back then but that is not good enough for the cancel culture people. president biden says only the rich will see their taxes go up. role tape. >> anybody making more than 400,$000 will see a small to significant tax increase would you make less than 400,000, in additional federal tax.

stuart: the president's tax plan will not spare the middle class, so says one of our guests. we will tell you what to expect next. ♪♪ should have realized a lot of things before ♪♪ you got to give me more ♪♪ give me more ♪♪ hey hey hey ♪♪ give me more ♪♪ i have the power to lower my a1c. because i can still make my own insulin. and trulicity activates my body to release it. once-weekly trulicity is for type 2 diabetes.

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stuart: taxed to the max, president biden wants to raise the corporate tax up to 20% from its current 21%. blake berman at the white house. why should the middle-class be

worried about that business tax increase. >> both find the argument. we spoke to the tax foundation a while ago and they say the corporate tax are used to be 35%. bringing it to 21 finally makes us competitive with the rest of the world and they say of the number gets increased, 7 points or so they argue that will hurt workers. watch. >> it would encourage corporations to invert or leave the united states and it would be formed by early americans and workers, incomes would be reduced by upwards of one.5%, the bottom 25% of income earners. it is not a taxable me be felt by shareholders or rich people but they will be struggling. >> over here at the white house they argue this is something the president campaigned on for months on end. the corporations need to pay their fair share, the wealthy

is needing to pay their fair share and that is their argument but keep in mind with all of this 21 potentially up to 28, the white house and congressional democrats haven't put forth their plan, what they say they want to have happen when house ways and means committee gets it. see what they put forward. stuart: fair share. if i hear that expression one more time my head will explode. >> reporter: they mention the word real quickly rebounds. they say the tax code or taxes need to be rebalanced which is another way the white house is saying the tax code needs to be reworked. keep an eye on that as well. stuart: rebounds. i will never forget that one. let's bring in congresswoman nancy mase, republican from the great state of south carolina. i know you think raising taxes is a bad idea but how do you stop it? we have one tax increase after

another, you never tell me you can stop it. i don't think you can. >>, product americans don't want to buy. when we read the fine print, the corporate tax hike comes through. my bet is it will be higher than 35% at the end of the day. a couple things, with the, quote, $2 trillion covid relief plan. and a process. and and my fear is the budget reconciliation, not as many democrats on our side, this is

very partisan. stuart: if they give the filibuster you would get the tax increases. >> it would be devastating, fewer companies creating fewer jobs at lower wages. this would hurt hard-working americans, in the middle of a pandemic, than to raise taxes. we will all have to pay that back. stuart: i agree 100%. we had an interesting guest on the program. you may have heard him, steve hilton. you are full-time working single mom and i know you're trying to create, you have created the single parents caucus in congress. that is great. don't know whether you heard our last guest but he was saying we should ban smart phones for youngsters under the age of 16. as someone who just started the single-parent caucus what do you think of that?

>> i can tell you is a single working mom, i've seen the devastating effects of being home from school for a year now. screens are huge problem. i believe parents should be able to make that decision for themselves and their families. some kids take 2 virtual learning just fine and for others it is having a devastating impact and i see every day, the struggle is real and i feel that pain. stuart: you want kids to get back to in person learning. >> the science and the cdc, everyone tells us with health and safety precautions in place kids can learn and be safe from covid 19. look at the statistics, the number of kids failing, those who harm themselves nationally, this is devastating our communities. we talk about trying to lift people out of poverty, keeping them in schools isn't helping. and administration, raising taxes on the american people.

stuart: how many in the single-parent caucus. we just announced that yesterday. a caucus has never been formed before, republicans and democrats, and executive board numbers for the caucus. and bipartisan brainstorming, and getting kids back in school. and >> very best of luck with that new caucus. appreciate you. zuckerberg, as in mark, pushing for more e-commerce on facebook and instagram. >> talk about performance

today, 4.5%. you heard from mark zuckerberg and said facebook will be fine, even possibly thriving after apple operating changes that require you to improve apps like facebook, where they go on the internet but here's the quote from last time, we tried to find a soundbite but it is possible we may the in a stronger position if apple changes, to conduct more commerce, making it harder for them to use their data to find customers that want to use their products outside of our platform. more sales on facebook and instagram, more e-commerce as well and more profits for facebook. have you been surprised by this? the fact that it held at 58,000, still roughly 3000 away from its record high of 60,$000, yields of gone up and

we heard tech stocks have sold off with the nasdaq around 7% for the week and i was looking at technical analysis and experts and they say we have support, won't go below 56,000 and might test those record numbers of 61,000 this weekend. wouldn't that be something? stuart: it has the momentum and the stability of 50,$000 range. let's quote it again monday morning and see where we are. i won't make a prediction, no way no way no way. after my conversation with steve hilton. we've got a small manufacturing company which was forced -- when the pandemic hit, watch this. >> we were one of the ventilator component manufacturers for space x's venture.

stuart: that business is pivoting again. another success story and we've got it. could be a real big weekend for new york city restaurants, starting today they can open it 50% capacity and we are expecting some pretty good weather. spring fever is here. people want to get out and about. this will be a big weekend. ♪♪ i'm back ♪♪ back in a new york mood ♪♪ i'm back ♪♪ back in the new york mood ♪♪ back ♪ ♪ ♪ ♪

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and building your future. edward jones. it is time for investing to feel individual. stuart: the pandemic shut the door for many businesses over the past year, so adapted and survived becoming a success. connell mcshane is in wisconsin, how did they pivot? >> all kinds of different products, the first pivot they made made parts for ventilators, that was the beginning. >> the ceo walking the shop floor is a former navy seal

officer, 9 years on the seal teams, shaped his philosophy on business, highly cohesive and highly trained teams and worked toward a common goal, that was all tested when year ago. >> we were all expecting the march and april time frame expecting the bottom to drop out. >> a new opportunity came up, friend of global precision. >> we heard from elon musk they will start building ventilators. >> we were one of the component manufacturers for space x. >> he has been around for 70 years, first time ever made ventilator parts but he knew immediately this wasn't a long-term plan. >> wasn't going to keep things coming no matter how many ventilator parts were needed.

>> reporter: thanks to that, in the aerospace sector with a new set of doors. its own workers are constantly evolving. they used to operate these machines but during the pandemic. it is an investment he was making his future. >> to make that part -- >> that someone might as well be nate. >> bill in the meantime started a new company. and it is a network of partsmakers. of the parties needed in a hurry with a ventilator they could find a company to get it done asap. bill said it would be shame on us if we did learn some lessons from this pandemic.

stuart: give our best to build. great story, good pivot, thanks for being here. indoor dining expands to 50% capacity as of today. joseph smith is the owner of bobby van steakhouse in new york city which are open, the weather is pretty good, 50% capacity, expecting a real surge this weekend. >> thank you for having me. susan has your number. and 50% is good. it is not going to do enough to start making profit. and 1 on wall street, and it is

dead over there. the hotels are close, theaters are closed, no one in the offices and to have such restrictions of 50% is like treating us like children, connecticut, westchester, 75%, got to have the bars open, people have to sit at the bar and have a cocktail before they sit down to dinner and treating this like children, 11:00, what does it matter we close at 11:00 or 12:00. i don't think so. they only go home where it is, may be they stay, it is 99% you are okay. stuart: as you said, connecticut as of today goes to 100% capacity in restaurants and bars.

they have gone to 100%. surely there will be enormous pressure on the authorities at new york and new york city to open up fully because you can go up the road to connecticut and eat and drink to your heart's content. >> the governor has a lot on his hands, bigger fish to fry so step aside and let someone else kick the restaurant situation over, not bill deblasio but someone. it is ridiculous the way both of them with the lives of people in the restaurant business. like i said in the past they never missed a paycheck. we have and i have 400 people working for me, they have so somebody has got to step in and stop letting these two people pick the city apart. stuart: quick question. did you get government money?

>> i am waiting for it with open arms. we could sure use it and it will help us a lot because i do not see it coming back to my location until september. i said that to you last year and i am saying it again, will not get back until mid-september. if it happens it will be over, they will be forced to come back to work by their superiors and until then it is not getting back and -- stuart: i am sorry to hear that. you are a frequent guest on the program and in a rotten situation. >> i watch your show every morning. i didn't know lebron james had a piece, i followed under it like you. and i was discussing it with jerry baker where we drank a

toast to jamison's. stuart: stuart: we had a guy on the other day who was behind jamison. he told me he doesn't drink bush mill's. i'm not going to get into that with you. i want to say you've been great to us, you run a great restaurant chain, we wish you the best of luck, the first opportunity i am back in your restaurant guaranteed. >> appreciate your help. next one, president biden canceled the keystone pipeline his first day in office. that devastated entire communities. watch this. >> more than just losing jobs but a trickle-down effect as we

lose these jobs and these sales and the coffee tax, the entire community suffers. stuart: as you saw briefly tomi lahren got a firsthand look at the pipeline fallout in south dakota. she will tell us about it after this. ♪♪ everybody is dreaming ♪♪ everybody just getting by ♪♪ ♪ ♪ it's a wishlist on wheels.

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stuart: president biden canceled the keystone pipeline and that had an effect on the communities directly affected. tomi lahren visited one of those communities in south dakota. what did the people tell you there?

>> reporter: they feel it is a slap in the face and an insult for the biden administration. just hours into office to cancel a pipeline that has been in the works since 2008, all the permits clear, the court process has been gone through over and over, they were ready to go, thousands of people coming into town, they depended on those businesses so they could make room for the new people coming in. a number of hours ripped out from underneath them for no reason whatsoever. stuart: are they hopping mad, the people you talk to? >> as a south dakota and i will tell you they are a free, frustrated, feel slighted and ignored. south dakota is on a week people are victims. they will find something else to do. they will be resilient people that they are but this notion of forgot and americans, the flyover state, the biden administration, a lot of folks in media and government look over people like this and say you get a new green job,

completely bypassed the people, businesses and livelihoods and that has to end. stuart: they don't care about you had never heard of south dakota. let me talk to you about cancel culture. the editor of teen vogue out after offense give tweets which she wrote back in 2011. she apologized back then and deleted the tweets and spent years pushing liberal ideas but despite all that she is canceled. your reaction to this? >> eventually the left is going to realize they will be canceling themselves pretty soon. those who live in glass houses shall not throw stones. all these liberal so excited to cancel other people better make sure they've never done or said anything bad, never done or said anything even slightly on the conservative side or offensive side because they will be canceled too. cancel culture is incredibly dangerous. conservatives, we are doing it

to ourselves by remaining so quiet and cowardly. if we were more vocal about our beliefs, more out right with the things we believe in and stand for they wouldn't be able to cancel us because they would realize we are there customers and make up a large part of their base. but for too long conservatives have been too scared to do so so in effect we help them cancel us. it has got to end. stuart: show me someone, anyone who has stood up and said you are wrong, don't cancel me, get out of here. you should be laughing at him, ridicule him and then say you are wrong. i am waiting for the first big name personality stand up. have you? >> they go to their knees and feel they need to apologize as if that will help them but conservatives have been pretty good at it. the my pillow guy, folks at oil

foods, they stood up to cancel culture and they saw conservative interdependent folks rally around them. they wanted to cancel the higher regency for hosting a conservative convention at the hyatt said we host all kinds of events and stood their ground. we need to go to companies and share our business with companies that refuse to cancel people as well. watch tv shows the don't cancel people. we have a plan but have to be more vocal the way the left does. stuart: we will be watching your show, it is called no interruption, available only on fox nation. thanks for being with us this friday. stay right there because friday feedback is next. ♪♪ hey, kevin! hey, guys! they have customized solutions

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♪♪ stuart: look at that. a beach in florida close to 12:00 noon, getting people going. we are kicking off friday feedback with jacksonville

beach. first one comes to us from harry back. does "varney and company" have any plans to take the show on the road. we took it on the road, we went to washington and did the show from there. no immediate plans to go on the road but given your druthers where would you take the show to? >> not exactly business oriented but they have great food. it is all personal. stuart: i will bear that in mind. in the immediate future we don't have a plan to take us on the road. come on, get on board, this is america's most outstanding sporting event. it is not.

the super bowl is the outside event. that is my $0.02 worth. the most important sporting event of the year. >> the only number one seed, they never win. forget the european championships. what about wimbledon? that is where i would live for sporting events. stuart: i do not think march madness is the most important sporting event of the year. moving on, this from ken and marvin moya. can you explain the correlation between the 10 year treasury rate and big tech stocks? why doesn't it affect other sectors of the market. you have 30 seconds. >> the 10 year yield when it goes up, get free money on us

treasury, guaranteed moneymaking tech stocks, not every part of the market comes down. banks have been higher because they make more money going at loans on mortgages etc.. stuart: that's it? >> i thought it would be pretty good. stuart: just being sarcastic. it is part of my nature. jim rights, didn't give his last name, from jim, i would like to know your opinion of the world economic forum and their plan for the great reset. very much like the democratic agenda to me. 100% on this one. i've never been to davos, i will never go, don't appreciate that kind of thing, really don't like sitting around with the elites.

eating my cheese. it is not for me. not the real world. don't like the elites. that is what i got to say. if you want to go, i will not be with you. not interested. john atkinson said this. and will tell her i am there because i saw her on your show. and and and she was ruined. and the next time in los angeles i will go, are you with me? >> 20% for the tip.

and not sure of the fear brands. we should be cloned, can you handle the clone, >> and >> you wrote it, didn't you. stuart: i did not. thank you very much. i want to see some criticism. i don't want hate mail, we get enough of that. what is wrong with the show. sending your messages please and we will let susan answer them. thanks to everyone who responded, keep sending us your

feedback, i guarantee more varney after this. the best pri, which saved investors over $1.5 billion last year. that's decision tech. only from fidelity. mom and dad left costa rica, 1971. and in 1990, they opened irazu. when the pandemic hit, pickup and delivery was still viable. and that kept us afloat. keeping our diners informed on google was so important. the support from our customers, it honestly kept us going. i will always be grateful for that.

(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. to make the world more responsible, and even more incredible. ideas start the future, just like that.

stuart: this is new video just coming to us. i want to make a point here. we're not poking fun at president biden, just pointing this out. moments ago the president

stumbled twice walking up the stairs to air force one, dusted himself off, continued on up. he's on his way to atlanta. i do want to point out that president trump always worried about those steps because they are, indeed, very steep. trump was worried and that just happened right there. time's up for me but look who's in now today for neil, the one and only ashley webster. [laughter] ash, it's yours. ashley: only one for a reason. thank you very much, stu varney. by the way, let's take the show on the road to uc-berkeley. amall my coast is nice, but we get an interesting audience. welcome to "cavuto coast to coast," i'm ashley webster in today for neil cavuto. markets look to close out the week in the red. the cdc, meantime, about to address its new recommendations to downsize the distance between students in the classroom. does it go far enough to get all the children back to class. then, to the growing b