i'm so glad we talked about it this morning. sean, you will have to come back more often. we loved having you with us today. >> thank you. maria: that does it for us. thank you for being here. "fox & friends" begins right now. take it away, stu. stuart: welcome back, maria. by the way, i want those guys on my show as well. maria: m course-- of course. stuart: good morning. we will get to the markets in a moment. relax, no big selloff. of the focus this morning is on vaccines and america's spring break out. news this morning that astrazeneca vaccine is a 79% effective and 100% effective against severe cases. this should help it received emergency use authorization here. also, news that vaccine makers will deliver over

130 million doses this month alone meaning within a couple of weeks everyone who wants a shot in america will be able to get one circuit that's helping the national mood and so is the spring weather. americans were out and about in the large summers of the weekend. out and about in america big time, positive news, but as we come out of it europeans are facing a new round of lockdowns. what a contrast. is some of them object to the lockdown policies to the markets, dow jones looking to about a 30-point game at the open, fractional praecipe, but nasdaq up 80 or 90 points maybe, that's about three quarters of 1%. wise the nasdaq up? because the yield on the 10 year treasury is it below 1.7% and that's helping technology stocks. not much change for bitcoin, $57000 a coin.

it did not test its old high of 62000 over the weekend. it's getting worse at the border, that's an understatement. it's more like a crisis. it's more than a crisis, it's a disaster. president biden has no immediate plans to pay a visit. fox news reports border facilities are so crowded and is so short that migrants seeking asylum are led in without a court date to reappear. biting team says the border is closed, but children are still coming across and we still aren't allowed to see the conditions they are living in, but we will take you there. realtors, we will have home sales at morgan-- as mortgage rates rise and also home prices. we will take you to texas, where the operator of over 40 theme parks says business is better now than pre-pandemic. do they allow screaming

on the rotten? disney warns against it. it's monday, march 22, and varney & company is about to begin. ♪♪ >> let's get straight to this, dhs secretary clashing with fox news chris wallace over the biden administration's move to restrict media access that migrants facilities. roll tape. >> why did you refuse to allow reporters to see the conditions under which these miners are held? >> let's not forget we are in the midst of a pandemic. we are working on providing footages of the american public can see the border patrol stations. >> respectfully sir, i

think there's a safe condition under which a full reporter and camera crew could go into some of these facilities-- >> chris, we are working on providing access. stuart: working on providing access? working on providing footage, oh, how different it was when president trump was in the white house. president biden answer the question about when he will visit the border listen. >> are you thinking of going to the border? >> at some point i will, yes. i know what's going on in the facilities. stuart: we would like to. he said at some point he will visit the border. more on that in "my take" next hour. import news story, astrazeneca says their vaccine 79% effective. dr. marc siegel joins us this morning to 79% effective astrazeneca,

but 95% effective for pfizer. what's went on here? >> well, as astrazeneca after two shots and not quite as effective as pfizer, but there are some new what news items that are important, one just as effective in the elderly population, which was not seen before and the other is the side effects that have raised concerning europe haven't panned out the us studies of 30000 people. this is preliminary, but julian tang top virologist in the united kingdom called it promising news'. we still the fda advisory committee to look over at least 100 pages of data before they will decide to give emergency use authorization. probably they will. it's not as you pointed out as powerful as the fisa court moderna vaccine for mild disease , but for severe disease and hospitalization it's just as effective. stuart: but, when it comes to push and shove here in america

we have a choice, pfizer, moderna, j&j or astrazeneca. i can see people turning away from astrazeneca. how about you? >> i would put it differently. i think by the time astrazeneca-- astrazeneca comes to the market we will be fully vetted because the 500 million, 600 million doses of the others and j&j is a single dose shot and astrazeneca is to dose shot of a similar vaccine, so i think the market will be crowded which is a good problem to have, but i think astrazeneca will be used more and more in europe and asia in underdeveloped countries. stuart: confirm for me, please, that we will have a shot available for everyone who wants one in america within a couple of weeks. i'm told there's 130 million doses of the three vaccines made available this month alone, 130 million three

that's pretty good news i would say. >> fantastic news. i think the biggest message we have to do is get out there that when you have a 95% effective vaccine, like the pfizer or moderna, we have not seen a lot of complications are side effects, it will break the back of this virus plus natural immunity we have in the community of probably 100 million people took it will break the back of this virus if everyone takes the vaccine. we have to overcome vaccine noncompliance. that will be the next big story. stuart: i am with you. thank you for being with us. we will see you soon. now, as we start to open up, and we are opening up, europe imposes more lockdowns. which countries? susan: france, poland and ukraine all implementing stricter measures and are set to last several weeks at least including a partial lockdown in paris. germany could extend its

lockdown into april and british airways parent i e.g. stock fell as much as 60% in uk trade, worst a single day in a year with british airways warnings from our may be shut down. the problem is vaccine in the vaccine rollout sluggish on the european side despite manufacturing issues and supply constraint there is good news, half of the british occupation has had at least one shot according to the uk health secretary. stuart: they are the best performers in europe. thank you. look at this, miami beach declared a state of emergency after spring breakers flooded the area. they imposed a 8:00 p.m. curfew table he will be extended to make april 12, the official and of spring break. long after the curfew, partiers were out of control dancing on cars as you see. police essentially fired pepper balls to break up

the crowd. we have one out later. back to the money, monday morning, how we open the market a mixed picture for the nasdaq going up. jason katz joins us. you say we are past the covid fear. are we now worried about rising interest rates? >> that's right. we are stuck in this more tax of the 10 year treasury, i mean, we are completely and utterly beholden to the direction of rates in the short walk. everyone feared covid with good reason and now, we have the good challenge of the economy improving. i'm telling people don't fear the terrible twos. they won't have a taper tantrum. rates are going up for the right reasons. we are now at the point where the fed has to walk the walk and powell has to dig in his heels. the market thinks he will blink first, he won't him and we have to demonstrate the method occupation, the fact

that gdp growth will be 7%, earnings will be 28% justify a two-year treasury, 2%, so what. that's a good thing in the context of an economy. stuart: you are still long-term bull. get over initial hiccups in the immediate future and after that it's clear sailing, new high; right? >> i think for the balance of this year we have highs and we could get as high as 4200 on the s&p. we have hit a speed bump again, it's going to be the direction of the tenure. once we demonstrate that we could sustain a 2% 10 year, for all the right reasons we can go higher. will it be the hyper growth stocks? no, i would get the quality growth of stocks at a reasonable price, companies and growth sector that have a cyclical component, those trading at reasonable multiples relative to their

historic averages, so it's this binary choice of cyclical or attack, they could peacefully coexist. stuart: peaceful coexistence. jason katz, thank you. the administration is telling migrants don't come, but listen to why some migrants say that is why they made the journey the first place. >> would you have tried to do this when donald trump was president and that definitely not. >> did you come here because joe biden was elected? >> basically, basically. stuart: we have reports on this mess from both sides of the border. we will bring them to you in a moment. former treasury secretary larry summons hitting president biden, policies, and them quote the least responsible in 40 years. there's a story for you and we have that. lets check futures. nasdaq in particular, 10 year rate down, nasdaq

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summers says there's a one in three chance and accelerating inflation which will stall the us economy or there could be no inflation with the federal reserve policy mistake by hitting the brakes too hard on his stimulus and pushing the economy into recession. both aren't great options. summers says there's more grave risk now that he remembers in the past and the white house is pushing back saying biden's bill will help get over the high unemployment because of covid and provide relief for those in need. stuart: still a shock to me. larry summers, you know there are four nobel prize winners in his immediate family? susan: i did not know that took i wonder how he feels. stuart: not him, he was the treasury secretary. susan: okay. stuart: let me bring in brian wesbury. went to know, there's all these plans for infrastructure program, what happens if we get

this program and we spent another trillion or so on infrastructure? what happens to the economy? >> think about this, larry summers calls it least responsible macroeconomic policy he's ever seen and here we are going to spend another trillion or two. i have even heard as much as $4 trillion. i guess for investors there are two things to think about, when the near-term. believe it or not, stuart, we can absorb this and continue to grow. the us is such a productive country that we can absorb this in the near term. of the problem is in the long-term because of all of the money printing the fed has done to let this debt expand, we will end up with higher interest rates and higher inflation. our kids and grandkids will pay for it. the near-term, i'm not that worried about the market. long-term, i get more worried especially when the fed starts to

tighten. stuart: powerfully economic benefits which obviously you understand, why are you saying open every now? >> i think the evidence if you look at florida with a stacked up in the middle of all states and have been relatively open. i mean, people down there are not irresponsible and of their economy booming. this is why planes are loaded going into florida the florida economy is booming. housing prices are going up in florida and if we just acted as a nation i think like florida i think our economic growth would be stronger and we would have not needed 1.9 trillion in the stimulus. i think that was a head fake. the data we are looking at shows we know who's at risk. i mean, it's been going on for over a year now you are going to at risk.

schools should be open. we know all of this, but this is what would help the economy really recover. all of this government spending is going to create really long-term problems. one other point, the lost economic output from these shutdowns is going to keep us from addressing future health crises with the same amount of assets. we have already spent it on this one, so we are making a bet nothing like this happens again in the next be decades and that's why larry summers is calling this the least responsible policy he's ever seen. we are not prepared for the future because we spent it all now. stuart: got it. brian wesbury, thank you see you soon. now this, president from making a return to social media. susan, when is he coming back and how? susan: fairly soon, maybe two or

three months according to his spokesperson. >> i do think we will see president trump returning to social media in about two or three months with his own platform. i think this will be the hottest ticket in social media. it will completely redefined again. susan: no further details or specifics yet. they are completely redefining the game and you can imagine redefining the sector. former president trump has been banned from twitter, facebook since january and even if he runs again twitter says he still banned. parlor mac has only recently returned and remembered trump was a force on the social media platform with nearly 90 million followers before he was kicked off in over 32 million on facebook and get 24 million and counting on instagram. we know trump drives traffic. when i do it on your own platform and it makes sense he can make money on his own in the process of. stuart: i'm not sure i understand, susan. i mean, is the former president talking about a brand-new platform

like starting his own twitter or facebook? susan: yes. we know parlor has 15 to 20 million users and it's an upstart mentor i guess intervene and challenge twitter in this free speech revolution, so something like that, just a new platform. look, 90 million followers, you don't think if you would migrate over to whatever he's starting? stuart: i think they would. i'm interested to see what he does, how we does it in the summer when we are supposed to see what he's been doing thank you. if you're just joining us, it's a mixed picture for the market. down a little for the dow jones, but nasdaq nice gain, 92 points. we will be back with more on that in a few minutes. ♪♪

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stuart: look at the vaccine makers, please. we got news from astrazeneca earlier this morning that the vaccine is 79% effective and if they get approval in america and europe i'm in april they will be providing 15 to

20 million doses per month. keith fitz-gerald joins us this morning and i went to talk about specifically pfizer. i can't understand why so popular that training of these vaccine is still $35 a share, but you like it. why is it $35 level? >> i have no idea why that $35, but it's great. when someone puts money down in the corner of the room, you can walk over and pick it up and that's what you should do. i love the fact it's sitting there not going anywhere. i'm losing money on it so far, the dividends and i think it has any new attire revenue stream from covid and it's doing great things beyond the virus. i think it will take what it knows about treatments and it applied for years to come. stuart: you also like gilead sciences. is that a vaccine play as well in some way? >> it's more of a treatment plate because you are talking about drugs used in one out of

two covid hospitalizations, but the same thinking. i'm keen on pfizer because it's less expensive at the moment, but it doesn't change that i have purchased quite a bit of gilead and i will be buying more. stuart: i would love to know why pfizer hasn't moved. >> me too. stuart: i just can't understand it. anyway, let's move on. big tech, i know what you say, is say big tech support the biden so biden supports big tech, so big tech is a goodbye is that your reasoning? [laughter] >> admittedly, it's now much more sophisticated than that. everyone that body would tear apart big tech, but when he got-- comes to come is like apple, microsoft for example or palantir all of which i own, i think biden is full of air, not hot air, but air and i don't

think they will clamp down on these things, google may be here and there are amazon is the most at risk. stuart: we hear there are 10 separate small-scale antitrust-- not sure the word investigation, the antitrust measures come at after big tech and severally pick democrats think that's the best way going at it. what do you say? >> these guys continually a few trillion dollars comes to regulation and they don't understand how to balance a checkbook, so how would they understand big tech. it's a lot of bluster with big tech way ahead of the game and i don't see anything more than a bunch of headlines and rounding error. stuart: big tech fan, keith fitz-gerald, thank you for joining us. it is 30 seconds to go before we open trading for another week this monday, march 23rd i

believe all day. when we do open up, we will see monastic zero up may be a small loss for the dow jones. 10 seconds away. ring that they'll end off we go. we are coming off a period of volatility. we are coming off a point of the yield at the 10 year treasury below 1.7%. take into account all of that and as we start the day we are down 80 points for the dow industrials. as for the s&p, also opening slightly coming just a fractional gain, virtually unchanged. the nasdaq composite is up about half of a percentage point, 13 to. astrazeneca 79% effectiveness for their vaccine and stock is up one and a half percent at 49.

big tech with the yield at the 10 year treasury below 1.7, big tech goes up, microsoft, help with that, facebook all on the upside. chumley tesla. i think it is up, 4.7%. susan, is this because cathie wood has put a huge price target on it? susan: yes. she says $3000 for the stock, 2025 which would value tesla at over three and a half trillion dollars, so you expect a 50% gains a year over the next three years and if that happens cathie wood says there's a 50% chance teslas cars will be some driving within the next half decade meaning that taxi service will get up and running and tesla's insurance business will roll out two more states in the next few years secure cathie wood bold case, that the stock could get up to my $4000

$1500 is the worst-case scenario, and predicting five to 10 million cars a sold each and every year and i guess that is what's rallying the stock. those are some big numbers a. stuart: at a way to make a headline, tesla $3000 a share. susan: 1500 was surprising to me stuart: at least 1500, good point. let me see royal caribbean. they are restarting some caribbean cruises in june after a year-long suspension and the point is they will sail from caribbean ports, not american ports. crews have to be fully vaccinated, add-on fully vaccinated guess, kids under 18 europe to show a negative covid tests to. those are the conditions to sail from caribbean ports. airbnb, i bet it's up, yes not much, but i will guess this is because people are booking vacations.

susan: we had airbnb of more than 3% of premarket. it's a because more americans are getting vaccines and hopefully resuming travel plans. airbnb has been called the perfect recovery stock coming back and also remote work trends continuing meaning people are still renting a long-term airbnb's. jeffreys calling airbnb the best asset with travel in their view at work at least $170. stuart: now it's almost $200 a share. very close. show me the dow jones winners, intel, apple, cisco, microsoft. those are the biggest winners. for the s&p winners, 500 stocks in the index ended these are the winners, tesla, kansas city southern with a takeover bid. tesla as you heard cathie wood think since going to make 3000 by 2025.

of the rest are big winners indeed. nasdaq, i expect some big tech. tesla, applied materials , they are taking over kansas city -- i believe they are-- susan: kansas city southern. stuart: thank you. accuracy is a wonderful thing. susan: is event. stuart: when talking about someone's money, do not make mistakes. thank you. good stuff. apple, they are planning some high-profile executives in the upcoming trial with the fortnite maker epic. will tim cook take the stand? susan: apple releasing its preliminary witness list in this epic showdown. i got it over the weekend and it has tim cook also software head may testify along with the apple store, so this court trial could start as early as may 3 or

they may settle beforehand and then there's no trial, but at this point it looks like it will go through. the fortnite maker epic games suing apple for antitrust charging too high of the commission and then apple countersuing epic for breach of contract. apple made over $72 billion from its app store last year according to one analysis, but by a third during covid. apple does not break out how much it makes specifically on the app to store. it's more than most companies on the s&p 500 i would say alone. stuart: my bet would be they settle before they have to go to trial. susan: may be. stuart: i don't think they might tim cook put on the stand, but that's another story. let's see, snap, it's down this morning to have%. was the problem? susan: big downgrade this point.

snap is worth $67 and a hold according to bank of america because snap rallied 500% over the past year and it will be hard to squeeze out more gains this year after that rally so the downgrade comes less than two weeks after the ceo and cofounder said snap could cease 50% plus revenue growth for the next few years. also, pepsico and upgrade from berkeley's on opposite side to overweight which is a by worth $1501 according to berkeley berkeley says the recent underperformer and also a potential for revenue and profit growth with more people buying chips and: at home is a big thing. stuart: six and a half minutes into monday trading and thus far the dow industrials have gone down nearly 100 points. 32500. look at the yield on the 10 year treasury, if the

below 17%. price of gold, it's going nowhere recently, 1736 per ounce. bitcoin, $57000 at share it did not challenge its old high over the weekend. oil $61.50 per barrel meaning the average price of gas holding steady or the weekend at $2.88 per gallon, but the one your comparison, one year ago today, gasoline was 74 cents a cheaper than it is now. the council culture is now taking a net food. you will hear the latest move to cancel panda express. did you get a chance to get out this weekend? i would say we are at a turning point and people are getting out and about and in my opinion mr. trump is a big part

of that. you will hear "my take" on that subject at the top of the 11:00 o'clock hour. ♪♪ ♪♪

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stuart: if you're just joining us in your listening on the radio, i will pay you the dow jones is down 70, but nasdaq is up almost 100 points. how about goldman sachs and j.p. morgan, they are both dow jones stocks and down sharply because the yield on the 10 year treasury is down shaving 45 points out the dow jones. this intrigues me, twitter reportedly testing a new undo feature poor tweets. susan, i know it won't be free, but i really want to know, how far back can you go to undo

a tweet? susan: experts say it will be similar to the on said feature on gmail, which gives you like 30 seconds to take back a tweet otherwise it will be there forever even if you delete it as we have learned in this teen vogue case. it will have a countdown timer in the on said feature. users have to pay for it in a new subscription feature that twitter has not could cost $4.99 a month extra, but also it will have exclusive content for super followers. twitter confirmed it testing this unsend, no timing in terms when we will get it, but calling this forever for years now i could have done with it a few times and i'm learning you have to really think about what you tweet because as you know with the belmar case in teen vogue case

that twitter is there forever. nothings ever erased. stuart: ain't that the truth that. that's what i would really like to expunge what i wrote to 10 years ago. susan: you are lucky they did not have social media when you are 17. stuart: absolutely. you are so right again, susan. you are always right. gamestop, show me gamestop, $200 a share. by the way, did you know they report tomorrow? "after the bell", but that's a report from gamestop, their first since the credit driven rally. read it driven rally. i believe jeff sica believes when they report their earnings that will be there dev reckoning. is that what you think? >> definitely tomorrow. everyone will remember i think the reddit

revolution, i was a fan and wildly entertained when it hit $483 that gave gamestop evaluation of 33 billion overnight. i think that was a major event in my years in the business. tomorrow, they have to come out and they have to address stock prices. they have been hiding in the tall grass throughout this time and have not come out, the executives from gamestop have not come out and address to this or said anything. now they have to come out and address it and have to say what is their plan to try to justify their valuation now, which is around 13 billion. everyone is saying, you can't find an analysts-- people are saying will they develop this e-commerce platform behind the sky who was one of the cofounders of

chewy. he's an activist involved with the company, and will he bring them to become a e-commerce company. they have such a long way to go and what baffles me is there still people that own the stock at $200 a share. stuart: you are baffled. okay. i'm a baffled by video, a smart tv company which i have a hard time turning nothing on in the first place, but they are trying to cope public again so why don't you tell me about vizo and why you find them attractive when they do go public? >> stuart, this company, everyone knows them as the bargain smart tvs and cosco and online, but really what they are , they do so a lot of tvs. the smart tv industry is about 150 billion and they sell about nine or

8 million tvs a year, but really what they are in the reason why this ipo may make sense for people to look at is they have been operating smart tech allowing you to access all the other subscription services, but what vizio is banking on is the advertisement model, advertising on their home screen, advertising on different fronts because i think a lot of this linear streaming customers, people paying subscriptions are maxing out such an exorbitant amount of money-- i know for me i have every service you can imagine and i look at my streaming though it's outrageous. there needs to be someplace that advertises to put ads and vizio has a platform yes, they are competing

with another stock i have always loved which is roku, they are competing against them and i think someday they could be a great acquisition target for roku, but i think we will see a lot of advertisers with the big budgets that need to put them on paid streaming, so you will see advertisements. it may not be as big as where all the growth has been but you will see it stuart: you are opening up a whole new world for me, jeff sica. we will see you again real soon. just in case she needed a reminder, here is why migrants are flooding our border, it's because of past comments like these from joe biden. roll tape. >> we could afford to pay in a heartbeat another 2 million people we are a nation that says if you are fleeing oppression you should come. no one will be deported

in my first 100 days. stuart: okay. fox news confirmed administration is spending $86 million to house migrants in hotels and we have a live report from the border coming out for you next. ♪♪ ♪♪ we started with computers. we didn't stop at computers. we didn't stop at storage or cloud. we kept going. working with our customers to enable the kind of technology that can guide an astronaut back to safety. and help make a hospital come to you, instead of you going to it.

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stuart: dhs secretary says the border is closed. well, chris jenkins is at a migraine camp. has that message of been received where you are now? >> good morning, stuart. it's not being received at all because you have to realize we are in tijuana. this encampment is just at the base of the us-mexico border and on the other side san diego and many of these migrants-- the meter you, this is every bit

biden's migrant tent city because they are flying a binding flag wearing: biden let us in t-shirts because they believe-- that the-- [inaudible] they are mostly from the northern triangle of honduras, guatemala, although some are from mexico. one said she has been here about a month and a half and this is the message as she had for president biden. listen. >> we need an answer. people are just trying to survive. let us in. let us in. reporter: stuart, they aren't going anywhere in the folks here say it's a growing.

we will have to see what happens despite the administration saying they are not letting them in. stuart: griff jenkins at the border appeared thank you. now, more than 1000 arrests in miami beach over the weekend following days of spring break unrest in that area. well, the mayor of miami beach will join me in our 11:00 o'clock hour this morning. still ahead, stephen moore, newt gingrich, steve forbes and border guy brandon is back on the show. second hour of "varney & co." is up next. ♪♪ ♪♪

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♪. stuart: it is a beautiful morning, actually. many, many parts of the country. spring arrived on saturday and we are getting out and about to enjoy the weather. hello, everybody, it is almost 10:00 eastern time. let's get straight at your

money. i'm seeing green. nasdaq up 108 points. why is big tech up? i show you it is up. look at that microsoft, facebook, apple, amazon, alphabet. especially microsoft having a good day up 1.4%. why is big tech doing well? the yield on this, the yield on the 10-year treasury moved below 1.7%. moved back exactly 1.7%. that is not hurting big tech on the upside today. now very big news. we have the existing home sales numbers. realtors, pay attention, please. susan, the number. susan: slight weakness, stu. we're at annual rate of 3.62 million homes sold in the month of february. that is less than previous month. we're down 6.6% from january. february to january was down 6.6%. that is more than two times what

economists had forecast. we're coming way off the by the way the 15-year high back in october. looks like rising mortgage rates, stu, starting to bite into home sales. looks like it sure does, doesn't it. stuart: let's bring in mitch roschelle, call him the housing guy. what is your analysis. please? >> susan is right, rising prices, rising mortgage interest rates. a little bit of weather in february. however the biggest issue, stu is lack of inventory. i said that before. back in january there was 1.9 months in two months supply. there is nothing literally on the market that you can buy. you will not have sales. that is the biggest issue facing the housing market right now

availability of homes is driving prices up as well. stuart: you have higher mortgage rates. you have much higher home prices. there has got to be a lot of young sisters who can't get into the market. they must be disappointed, is that the situation? >> yeah it is and you know we probably talked about this 10 years ago when millenials weren't buying homes. that was the thing that was holding back the housing market. now they have saved. they have money to buy homes. they have done well in the stock market so they have ampledown payment, they can't find what to buy. the silver lining, ash talked about it last week, the silver lining study came out of coldwell banker's, granted they're brokers, it could be self-serving, one in five homeowners are considering selling their homes this spring because of the a advantage of higher prices. perhaps there is a light at the end of the tunnel and would-be homebuyers will buy something this spring. stuart: if you sell your home this spring you need to buy something else, you know?

look, do you think that is a credible number, 20% of homeowners are considering selling this spring? i don't find that credible, how about you? >> yeah. i consider the source when it is a real estate brokerage firm says it, it is self-serving but the fact of the matter people are looking at higher prices saying you know what? you know, a big chunk of my net worth is tied up in a home, this may be once in a life sometime opportunity to cash in. the problem as you said before, the problem do you find what to buy for your next home, or are you going to rent? if we do see a flood of homes on the market, that will break up this vicious cycle that we're in, hopefully make it a virtuous one for those who are would-be homebuyers. stuart: mitch, you're right. it is a nasty cycle, lower sales, higher prices, higher mortgage rates, et cetera, et cetera, not great.

mitch, always great to have you on the show, we appreciate it. >> see you soon, thanks. stuart: look who is here now, stephen moore, he is an economist by the way and stephen moore joins us now. you said on this program not so long ago this is a rocket ship economy, however, suppose we get new taxes, just if they're proposed, would that throw, would that be kind of a wet blanket on the rocket ship? >> you better believe it. for the mixed metaphor but i think you got it right there, stuart. that is the thing that worries me the most. incidentally our committee to unleash prosperity has a report out this morning that shows if you take those tax rates up as high as biden wants to, remember he wants to not only raise the personal income tax rate, he wants to apply it, 15% payroll tax to all income over 400,000, and announced last week, that might be couple, two earn.

stuart: each earning $200,000, which isn't rich. now you're talking about tax rates of about 55 to 60% at the federal level. then, stuart, you add the new york tax rate, right? or you add the california tax rate, which is as high as 13%, you're talking about tax rates in this country, believe it or not that could go as high as 70%. that, we haven't seen anything like that in at least 40 years in this country. so that would be very negative for the economy. i still believe by the way, we're going to see a second half of this year, that is going to be very strong but, my goodness, those kind of tax rates on top of capital gains rate increases, on top of proposed new wealth tax and tax on dividends would be very negative for the economy and they would be a wet blanket. stuart: i want to raise an anecdotal story with you, get your comment on it. some of our folks at fox

business come into work using uber. recently they had a very hard time finding an uber driver or an uber car. >> yes. stuart: we asked the drivers, they say, a lot of folks just got their checks in the mail or put into their bank accounts and they're taking a break from work. that explains the shortage of ubers. this is exactly what you've been saying, stephen. if you pay all that money, they don't work. >> all over the country. i've been in five or six states in the last few weeks. i've been to nebraska, i've been to arizona, i've been to florida, i've been to north carolina and i've experienced the same thing. you know, normally with uber, take five or six minutes to get an uber to come to your office or your house or to a hotel. now it typically takes 15, even 25 minutes to get an uber. i have the same experience. i asked these drivers, you know what is going on? why is it taking so long for you guys to get out here? we have half as many drivers as

we normally have. it is not just the 1400-dollar checks, stuart. it is also the fact starting immediately, a lot of these uber drivers who make 15 or $20 an hour, they don't get rich being an uber driver, they can make more money staying unemployed. i talked about this problem on your show about three or four weeks ago. but this is real. it is hitting the economy. it will be very difficult for small businesses and delivery companies and you know, people in restaurants, people who own restaurants to get workers back on the job. stuart, i'm already hearing from employers saying this is starting to be a big problem again. we saw it last summer. it is reemerging now. it will be one of the big negatives for the economy over the next four or five months paying people more money to stay at home, collecting unemmoment benefits, medicaid benefits, food stamp benefits, so on, rather than going back to work. stuart: we hear you. stephen moore, thanks for being with us. see you again soon. >> thanks, stuart.

stuart: check the markets again. where are we now? we have been 37 minutes in business this morning a nice green. susan come back, i made a mistake on kansas railroad there. made a mistake. i made a mistake on kansas city and canadian pacific. give me the story. susan: no, you didn't. we're looking at a big railroad deal today, kansas southern being bought up by canadian pacific railway. this was worth $225 a piece for kansas city. that is 20, 25% premium what they closed at on friday. you see the stock reflecting that, up 13%. but not all the way up. maybe wall street and investors think that this deal isn't 100% done just yet. now, let's also check in on tesla. we have tesla rallying today, after ark investment, cathie wood, guru of the moment, thinks the stock will get to $3,000 by

2025. elon musk reassuring chinese authorities over the weekend at a virtual chinese development conference on saturday, that tesla cars do not spy. beijing banning china's military buying any teslas on security concerns. airlines down after third wave of covid announced in europe. that threatens summer travel. more lockdowns. jetblue, raising over $600 million. getting a plea over the weekend from senate majority leader chuck schumer to please not move hundreds of jobs from new york to florida. finally amc entertainment, down a lot today. very active trade here. we're not sure why but we do know that 98% of amc theaters are reopened as of friday across the country. stuart: maybe amc is not worth 13, 14, 20, $30 per share? susan: we know reddit wall street bets favorite. the stock has driven up higher in anticipation of this

reopening. i will say it as i do every time we see some of the high flying stocks come up, profit taking? stuart: okay, you can say that if you like. i'm with you. susan: is that true? stuart: let me see astrazeneca. trial results for their vaccine are in. 79% effective. no serious side-effects. look who is here now, ashley webster no less. morning to you, ash. ashley: good morning to you. stuart: when is the az vaccine going to be available, do we know? ashley: they put out a statement today, saying first half of april, if the fda will approve it for emergency use in the u.s., they say they can immediately deliver 30 million doses. then an additional 50 million in the weeks to come. so, this is the same drug, by the way, that a number of european countries had temporarily suspended after

reports of blood clots in some people. germany, italy, france, spain, to name a few resumed the shot after the vaccine is proven safe and effective. 79% after the second shot. that compares to 94% for moderna, 95% for pfizer and close to 80% for johnson & johnson. astrazeneca plans to provide 15 to 20 million doses a month. yet another outlet for people to get vaccinated. good news. stuart: yeah. all good news. got it. sa i like to call them at $50 a share. thank you, ash. and now this. ashley: sure. stuart: fox news reports that asylum-seekers are being let into america without a court date for they're hearing. border patrol officers have to spend three hours doing paperwork per migrant. they have don't have the time. they don't have the staff. so the migrants are in.

and because they cannot be asked questions about their immigrant status, they're here and they will stay in. why are they coming? fox news griff jenkins has been reporting from the mexican side of the border. he has seen the biden flag flying. migrants wearing t-shirts, pleading with the president to let them in. they are telling him they are coming because joe biden is the president. the authorities tell us it's trump's fault and the border is closed. but the children keep coming and they're allowed in. and we are not allowed to see the conditions in which they're being held. dhs secretary says only that footage will be made available. what is that about transparency? how is that for honesty? we talk a lot on this program about america's mood shifting, turning positive as we vaccinate and come out of the pandemic. i sense another change of national mood. the realization that no matter how humane we are, and we are humane society, we cannot

accommodate the population of central america and their understandable desire to move to north america. furthermore it is kuhl to encourage it. for the last four years democrats have used children as political pawns. now they won't even let us in to see the conditions they're living in, these children. it is not a crisis at the border. it is a disaster. it is only going to get worse. we'll get a live report from the u.s. side of the border in just a few minutes. that's my take. now this. there seems to be no limit to cancel culture. some students say they are prepared to boycott pan today express. watch this. >> it is moral thing to do. >> when you're a white person, your culture is not usually appropriated. >> you will continue to buy from panned at that express? >> i feel so horrible. >> i think sports wise. stuart: the student reporter who shot the video will be with us shortly. the white house blaming the rise

in violence against asian-americans on president trump. roll tape. >> we had people in positions of incredible power scapegoat, scapegoating asian-americans. >> words have consequences. coronavirus, full stop. stuart: all right. newt gingrich women be addressing that. he is on the show. he is next. ♪. we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it with hassle-free claims, he got paid before his neighbor even got started.

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13,300, is your nasdaq level after at the moment. here are the nasdaq winners, obviously dominated by technology and tesla is right at the top of the list. it's up 3 1/2%. i see netflix on the list as well, up 2.8%. some big winners on the nasdaq this morning. now take a look at this. these are new photos from one migrant facility in texas, they were taken by a democrat congressman, not a member of the media. hillary vaughn joins us now. she is at the border in arizona. you went on a ride-along with arizona officials this weekend. what do you see, hillary? reporter: stuart, we did. i can actually show you what we saw, not only along the border but where we are right now, we are several miles inland and that really showcases how participate into across the u.s. border these immigrants are traveling with help from the

cartels. so this is a site that we surveyed yesterday. we came back here, we want to show you things left behind. essentially the cartel that sheriffs told us, the cartel outfits the immigrants. they help them cross over. they give them bottles like this, water, they outfit them with carpet shoes, so they can trek through the desert without leaving any footprints that law enforcement officials can track them with. they hide out here. wait for a car to pick them up. they load into the car and then they go and where they go from here, throughout the united states. this really showcases what law enforcement officials on the ground here are up against. we are inland from the border but still this is a hideout that immigrants are using and the cartel is taking them to, to grant them passage throughout the united states. you can sea they just leave

everything behind here and it really showcases the constant traffic that they are seeing inside of the united states, stuart. stuart: we see it, hillary. thanks for bringing it to us. hillary vaughn at the border. all right. now the secretary of homeland security now says that the southern border is closed, no matter what you might have just seen. the southern border is closed. newt gingrich joins us this morning. newt, my comment would be, it's a bit late for that, isn't it? >> it is just a lie. the southern border is not closed. they're not effectively stopping people. they're not testing anybody for covid, holding them if they have covid. what you have is, the equivalent of an popular invasion in which people are migrating north. they come from all over the world. we now know there are people not just from central america but people from africa, from china, who are showing up at our border

on the south. and biden is basically opened it up, now they don't know what to do with it. it is hard to understand how could they not have known that if you communicate an open border, that you eventually are going to have several million people show up? stuart: weren't they sending a message to the hispanic electorate in america? we'll do this for you, if you vote for us? i mean, that sounds really a cynical thing for me to say, it looks like it, doesn't it? >> well, except it doesn't work because actually hispanics who live in america want to be protected from crime. they're against ms-13. i am now doing a paper where there is overwhelming support among latinos for controlling the border, for strengthening the police, for, 92% of all hispanic-americans want to have

people tested for covid automatically if they come in and reject this idea. i actually think it is the woke, white liberals who are the key to this and they, they have gotten in hair head that you cannot have fence at the border but you can have a fence at the capitol. frankly their thought process is so nutty i find it very hard to follow them and biden's team represents that kind of awoke, out of touch with reality culture. stuart: yes, sir. i want you to listen to this. the white house says president trump, president trump is to blame for the violence against asian-americanses. roll tape, please. >> for the last year we've had people in positions of incredible power scapegoat, scapegoating asian-americans. >> words have consequences. it is coronavirus, full stop. stuart: all right. newt, what is your reaction to

that? >> words have consequences, exactly right, which is why watching the chinese communist party's propaganda filter through the american media is very disturbing and watching just set up exactly the party line as communicated by beijing. we do it over and over. we had a disasterous meeting in anchorage where the chinese communists basically just pounded on us in every possible way and the secretary of state sat there and meekly took it. i think, let me give you an example. we know there is a uk variant. we know there is a south african variant, variant of what? variant actually of the wuhan virus but you can't say wuhan because that would be inappropriate and chinese communist party would feel bad. this total hypocrisy of how we deal with it. let me say as a historian. we've had long and terrible periods of prejudice against

asian-americans, whether it was the chinese at the turn of the last century or internment of the japanese. there is no question that there have been occasions where asian-americans have been dealt with in a difficult way. on the other hand it is also true that virtually every asian-american group has done very well economically, has done extraordinarily well educationally. if you want to talk about discrimination against asians, look at yale, harvard, or berkeley and the degree which they're beginning to discriminate against asian-americans creating quota systems. i think we can have a rational conversation about that. whether or not that has anything to do with a guy who is clearly insane, and probably killed the people in massage parlors as a statement about sexuality not about ethnicity, i think that is a totally different story but, we clearly have a lot of ground to make up but the, the truth is, asian-americans are doing very well overall. they're now beginning to be

discriminated against by white liberals who feel very guilt ridden that asians are doing so well. stuart: newt gingrich, good stuff. thanks for joining us, newt. we appreciate it, see you soon. >> thank you. stuart: how about this one? a chicago suburb votes today on whether to pay reparations to its black residents. we have details on that. first, dr. suess now, panda express? some students want to boycott the chinese food chain for quote, cultural appropriation. we do have the story for you after this. ♪. [announcer] durán catches leonard with a big left.

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stuart: those markets, still show plenty of green but not as much as bench. although the nasdaq is holding on to a solid triple-digit gain. microsoft, they are going to reopen their headquarters to more employees beginning march 29th. they say employees can choose between returning full time, continuing to work remotely or some kind of a hybrid version mixing the two. the stock is up 3 bucks at 234. new video shows just how far

the cancel culture will go. you've got to watch this. roll tape. >> so why did you ultimately decide to sign the petition today? >> like i feel like it is a moral thing to do. >> when you're a white person your culture is not usually appropriated. usually you are the appropriator. >> equal representation for everyone extremely important. america, land of the free, but i think there is a big disconnect in what that actually means. >> do you think you will continue to buy from panda? >> i feel so horrible now? stuart: i find that absolutely astonishing, food no longer safe. ophelia jacobsen was reporter in the video. set me straight here. all but one student signed the petition to boycott panda express, is that correct? >> that is correct. every single student i asked to sign the petition except for one. the only reason the one student signed petition because she didn't want to put her name on a

piece of paper but she verbally told me that she agreed that panda express is a form of cultural appropriation. the video is entertaining to watch. it is disturbing how quick these students were to sign the petition at institutes for campus reform, colleges are more concerned about students being most woke, politically correct and then they are concerned about getting their degree. stuart: i don't think they thought this through. i happen to like indian food. i frequently go to an indian restaurant. should that be canceled because it is indian food and i am taking their culture? i mean this is childish. it means no more international food. what is going on here? >> it is a slippery slope like you mentioned. we're going to ban panda express on our campuses, would we have to ban every restaurant that

serve international food, dell taco, papa john's? should we as americans be offended people in the other parts of the world are eating burgers, and mcdonald's? is that considered a form of cultural appropriation? stuart: look, i'm inclined to dismiss this as childish. am i allowed to dismiss asking as childish? am i being ageist? tell me, straighten me out ophelia? >> absolutely not. the bottom line these students were not originally offended by panda express. in fact three of the students i talked to had discuss eaten at the restaurant before i interviewed them. one girl had to actually put her food aside on the table to sign the petition to ban the restaurant she ate at moments before. the students were not originally offended with panda express. i approached them with a clipboard. they see is something on social

media hopping on board without getting the full picture. the full picture, panda express was founded by chinese americans who founded the business from scratch. this is not a form of cultural appropriation. students never thought about this they were so quick to sign that petition. stuart: ophelia, come back soon, we could use a dose of common sense which you just delivered. thanks very much, ophelia. see you again. got it. >> thanks so much. stuart: a suburb in chicago is going to vote on a plan to pay reparations to its black residents. tell me more, ashley. ashley: yes indeed. that chicago suburb of evanston, is set to become the very first city to offer reparations to black residents they believe have suffered damage from decades of discrimination. evanston city council committed $10 million over a decade to the effort. they will vote today to begin a round of payments totally around

$400,000. the first phase will provide 25,000 to a small number of eligible black residents for home repairs,down -- down payments or mortgage payments as acknowledgement of historically racist policies. a national movement towards reparations is gaining momentum. in congress a bill that would establish a national reparations commission to study the issue has already drawn about 170 cosponsors but evanston, illinois, the very first to actually take action. stu? stuart: if you say no, i guess they're branded racist, i guess. ashley: i guess so. stuart: tough one. thanks, ash. billionaire, multibillionaire, worth more than $100 billion, his name is bill gates, he says some tax proposals go too far. which tax proposals is he talking about, susan. susan: he didn't specifically say but you can imagine it is

probably in reaction to elizabeth warren's wealth tax, not income gates might be referring. we know warren wants to tax the ultrarich and ultramillionaire's tax. nearly 2% levy on households and trusts valued 50 million to a billion dollars. all those over a billion dollars taxed higher than 3% that would cost the 100 richest in america 17billion dollars in total. gates is the third richest on the planet. he is worth $130 billion more. he said taxes should go up for the wealthy. closing loopholes, hiking capital-gains tax. what about higher estate tax as well. but the 2% levy on wealth might be taking it a bit too far. stuart: higher estate taxes but the riches don't pay estate taxes. they have lawyers to take care of that one. he will not pay estate taxes.

don't get me started. one more for you, susan. online gaming stocks. the sweet 16 will be set by the end of today. do we have any idea how much money is legally waged? susan: 8 1/2 billion dollars in total bets according to the gaming association that would be a brand new record, slightly more than 2019. march madness of course canceled last year. 47 million americans are placing a wager on the ncaa tournament this year. more of that on their phones. mobile bet something a big reason why. also more states opened up for more betting. more states have it legal. 19 more set to legalize sports betting this year. it was up premarket rally and heading up. my favorite story from the attorney meant. i couldn't get enough of her. i love, love, sister jean. 101 years old. she helped her team loyola

chicago, knock off illinois and pregame prayer, and gave scouting tips. low ol' last, you have to rebound more, score early. at 101 years old she has more energy than i do. i'm so jealous. stuart: certainly got more energy than i do, that's fact. thank you very much for. crowds, big crowds overwhelming spring break at miami beach. the mayor imposing a emergency curfew. the mayor of miami francis suarez joins us next hour. with travel roaring back, big cities competing to be tourist hot spots. they're offering a lot of perks. jeff flock is live from one of the places offering perks. that's philadelphia after this. ♪.

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stuart: we have some new data. it shows that vaccinated people with stimulus money have increased their internet searches for flights. that is how you track travel these days. these people are ready to travel again. some big cities are offering perks to bring them back. jeff flock is in philadelphia with this story. what are they offering, jeff? reporter: well you can come to a place. i know you were just a boy when the constitution was signed in 1787 but you can come to philadelphia, and be in the room with all of the people that signed the constitution. what better place for domestic tourism, than a place like philadelphia, stuart, birthplace of democracy in a lot of ways, certainly the birthplace of the constitution and declaration of independence. we are at the constitution center. we talk all the time about the constitution on fox. you actually educate people about it. >> we do. that is our congressional

mandate educating americans about the history and relevance of the constitution. reporter: people will not travel big time internationally this year. take a look at the numbers, stuart, in february, international travel is down 81%. they are going to travel domestically. what better way to travel places like boston, washington, places about our government that we talk so much about. >> it's a great opportunity for americans to reconnect with our founding story, our history. what it means to be an american. reporter: if you come over here, i don't know if people is able to come over here, all sorts of people you would know. the fellow alexander hamilton before he was famous. madison over here. this is james madison. we've got, this is george washington. he was not president yet because the constitution was signed in 1787. he became president in 1789 as the government was established. maybe your favorite over here, stuart, this is ben franklin right here. he was 81 at the time of the constitutional convention. oh, one other thing i got to

show you. not everybody signed the constitution by the way. these three gentlemen back here, and, vince, real quick, come over here with me. this is elbridge gary. there is dispute about the pronunciation? >> which remember gerry mandering, so elbridge gerry. reporter: people disagreed now, they disagreed back when they were figuring this all out. what better place to go for tourists than to learn about our government. stuart? stuart: well-said, jeff flock. my question is, if it is a perk, can i get in for free? but don't answer that right now. we'll get back to you on this one. that is a perk. reporter: you can get in free? stuart: get in, thank you very much. you get, see a lot of green on the market this morning? the dow is now up 80.

the nasdaq is up well over 100 points. that is the story there. on your screens, vermont teddy bears which are made in america. though started out in 1981. i want to bring in the ceo thereof, bill shoulders. bill, welcome to the program. you started in 1981? were you the first to do the teddy bear thing? i see a lot of competitors since? >> yeah. i think in 1981, stuart, we were selling bears one at a time on historic church street marketplace in burlington, vermont. today you're joining us at our retail store in shell bourne. we ship bears all over the world now. stuart: is it, your bears, like the ones you're selling right there, 100% made in america, everything, the fur, the eyes, the buttons, everything? >> we import the fur but the bears are made here in shell

burn, vermont. we import a shell which we fill. that is a predominant part of our business. we're proud to say we fill every bear with recycled plastic bottles, because they are a food grade product. we turn those into a filling and every bear is filled and shipped out that way, both the hinged bear as well as the big bears, the big hunk of love bears and floppy bears. stuart: i want to get this in. the big hero, little hero program. tell me. >> yes, sir. it's a important part of what we do here. the individual customer can either buy a bear and we set it aside and ship it to first-responders and the program allows us to give back to our community and, so what happens is the ambulances, first-responders, fire trucks,

policemen, will have them in their unit. when they come across a situation where a young kid has been through a traumatic situation they can give that bear to that individual and help to soothe them in that horrific time of need. stuart: bill, doing a fine thing right there. thank you very much for joining us. vermont teddy bear. remember that name. thank you, bill. see you soon. >> thank you, stuart. be well. stuart: the media still has zero access to those facilities along the border holding children, no access. what are they hiding? national border patrol council president brandon judd will discuss that. he is just ahead. how about this a rite aid in california is apologizing to two illegals for denying them the vaccine. golden state guy, tom del beccaro is here to sound off on that. he is next. ♪.

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stuart: you remember the story we brought you about junior bankers at goldman sachs complaining about inhuman conditions?

susan, has goldman caved? susan: capitulation from goldman sachs. remember those complaints from those 13 firms-year analysts that went viral last week complaining of 100 hour work weeks, five hours of sleep, no time to eat or shower. being yelled at for no reason and micromanagement? goldman ceo david solomon said we'll give you most weekends off. they will enforce the saturday rule he says. he is giving them more resources so they won't have to work 100 hour weeks. isn't that inincredible, stu? wall street is trying to compete with silicon valley to get past talent. this is rite of passage on wall street, long, grueling, hazing work hours because they want to weed out the best. do you think this is part of the snowflake generation we talked about? stuart: i would not use that word. i would be interested to see if somebody wanted to work on saturday to, get ahead would

they be allowedor suppressed? allowed to work hard to get ahead. susan: 100 hour weeks physically and hurting their psychology. stuart: i'm sorry to cut you off. susan, i have to move on. i have a remarkable story here. rite aid, apologizing after it denied vaccinations to illegal immigrant. tom del beccaro, our california guy joins us now. tom, seems in california illegals can do no wrong. will the republican party change that? >> well, i don't know if they will change it in the short run. when i ran for u.s. senate, i proposed to path to changing our system to make it legal, immigration legal but that is not what they do in california. what they want to do is provide them with so many benefits that california is the largest magnet state because, why do they do that? that is a voting rights path, what i mean by that if you're a

democrat running for office, your path to office is to talk about social justice and equity and that means giving benefits to those here illegally and they have no desire to clean up the system, no desire to create a legal work program, any of that. it is pure politics with them. stuart: okay. real fast, i'm sorry, i'm out of time. i'm sorry, tom, bring you into the studio for that. i'm very sorry, pal. i really am. out of time. hard break coming. we'll get you back real soon, i promise you that. another big hour coming up, let me tell you about that, steve forbes, dennis gartman, brandon judd, the mayor of miami francis suarez coming up. ♪.

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>> i'm telling people, don't fear the terrible twos. they're not going to have a temper tantrum. now we're at the point where the fed has to walk the walk, and powell's got to dig in his heels. that's a good thing in the context of the economy.

>> the problem is in the long term because of all the money printing that the fed has done to let this debt expand, we're going to end up with higher interest it rates and higher inflation. >> i was wildly entertained by the whole thing when it hit $483 with gamestop, a valuation of $33 billion. i think definitely's their day of reckoning. >> you're talking about tax rates in this country, believe it or not, that could go as high as 70. we haven't seen anything like that in at least 40 years in this country. those kind of tax rates would be very negative for the economy, and they would be a wet blanket. ♪♪ i wanna rock and roll all night --

♪ and party every day ♪♪ day and night. america vaccinating and opening up. europe way behind on both

closing down. trump is a big part of the difference. he bought and paid for and pushed for the development of millions of doses of vaccine. that was back in 2020. and trump, along with republican governors, pushed for opening up. give the man credit. and be thankful that wherever you are waking up in america this morning, you can walk the streets, you can ea eat out if you wish and carry on your daily life as you see fit.

the third hour of "varney & co." is about to begin. why these governments are declaring we'll have our own digital currency.

>> eventually technology will win. stuart: okay, what does that mean? >> that means eventually these cryptocurrencies will overwhelm the technologies, the restrictions of government just as uber overwhelmed the taxi cartels in most of the world even though they're fighting back. stuart: okay. that's very interesting. all right, steve, good stuff on that one. i think it's at least 20 technology and finance companies are considering leaving new york, heading south -- mostly to florida -- because of taxes, we understandment it's not the first time we've heard this, but is this new york exodus different this time around, steve? >> the exodus is different in its particulars, but we had massive exodus as you'll recall

in the 1970s when the population fell 0%, crime was -- 10%, crime was rising up. it wasn't until the 990s that new york got its act back together turned rudy giuliani, slashing taxeses, better policing. this is where this mayor's race is going to be so critical. the political establishment is on the side of wrecking the city. bill de blasio goes into negotiations with the teachers union, and they give $350 million to his nonprofit. will there be a candidate like andrew yang who is taking on the teachers unions? people want the schools to open up, they want lower taxes and biggest of all, once again, safe streets. if a candidate goes forking backing the police, that -- for backing the police, new york has a chance to come back. stuart: so watch that a mayoral election in new york city, and we will. steve forbes, thanks for joining us. see you again soon. >> thank you, stuart. stuart: check the markets,

please. tow's up 50, nasdaq is up 150 points. big tech's doing real well. market guest of the moment is dennis gartman. there he is. all right, dennis, let me put it to you like this: i'm looking for yield, and i'm not interested in your closed-in funds because i don't understand them, they're very complicatedded, and this is 2,000 of them to pick from. i'm going to go back to big name stocks which pay a viable and sustainable big dividend. what's wrong with that? >> nothing. there's nothing wrong with that. it's a direction that you should be going into. it's consistent with my idea of the things that if i drop them on my foot, they will hurt. goodyear tire, norfolk southern railroad, u.s. steel, they're all paying good, solid dividends, they're probably going to increase over the next several years. if that's the way you want to

go, i cannot argue even if i wanted to. other people are doing well in high-tech. i wish them well, it's something i don't understand, but do i want to own dividend payers? absolutely. and the closed-in funds are very simple, they're elegant, and they pay dividends many of them on a monthly basis which gives you a much higher return. i enjoy those. i think other people should be involved in them. but if you want to be involved in exxon, u.s. steel the, goodyear tire, that's exactly the way to go, no question. stuart: everybody's looking for yield, aren't they? >> oh, yeah, everybody's looking for yield. stuart: in their retirement years, everybody wants something that's dead safe and pays you enough to kind of live on and keep you going. and i don't see that anywhere. okay, your closed-in mutual funds, okay, maybe that's a good

place to be. other than that, i can't see anything in the bond market that's attractive. >> well, as far as government securities are concerned, there's nothing that you want to own. you don't want to own the long end of the yield curve, it's about a 2.30 yield for 30 years. that's way too low. it's probably going to go 3.5% over the next two years, and if happens, the decline in value will be 20-30%. so you don't want to be involved in the bond market over the long end. closed-in bond funds and hedge them with owning a short run in the market. your position is probably for the average american the way to go, no question about it. stuart: i think soment just buy me something that pays 4 or 5% and it's reliable and it's a dividend-yielding stock, that's all i want. >> there's plenty of them out there, just have to look around. stuart: okay.

i shall do that. with your help too. dennis gartman, thanks for being with us today. see you again soon. back to the markets. let's get stuck into big tech. plenty of green, especially on the nasdaq. up 1.1%. tell me more, please. susan: the comeback thanks to that drop in that 10-year treasury yield, below 1.70 this morning. apple, by the way, is listing ceo tim cook as a witness in its courtroom showdown with epic games. if that goes ahead in early may, microsoft is warning more workers can start coming back to the seattle headquarters on march 29th. i want to show you kansas city southern being bought by canadian pacific, $25 billion cash and stock deal, and that represents a roughly 20% premium to kansas' friday close, and that's why the stock is up

today. suntrial growers, that's a marijuana producer -- sundial, it's down 10% today, so it goes up and it comes down in a hurry. and finally, applied materials buying back $7.5 billion, and that means the reduceed stock that raises the price. it's been, you know, a great year for applied materials with more people buying more electronic products, they need the chips, and that's helping the supplier. stuart: susan, thanks very much. miami beach extended its curfew to try to control the spring break crowds. just a take a look at in this for a minute. >> there's a curfew in effect at 8 p.m. to 6 a.m. you are commanded to immediately and peacefully disburse.

stuart: the mayor of miami is on the show joining us just a few minutes from now. last year the pandemic cut baseball spring training very short. now it's back in full swing, so to speak. that means big business for the cities that host the games. we have a report from northport, florida, coming up for you. ♪ i'm ready to play today. ♪ put me in, coach, i'm ready to play today. ♪ look at me, i could be center field. ♪ end your life in boxing or any other business, but one day, you're gonna take a hit you didn't see coming. and it won't matter what hit you. what matters is you're down. and there's nothing down there with you but the choice that will define you.

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stuart: that was just -- you're looking at it right there, that's some of the chaos of spring break in miami beach over the weekend. i want to bring in the mayor of miami, francis suarez. your honor, miami beach has extended the curfew. are you expecting a rise in cases in the miami area because of what happened over the weekend? and if so, will you reimpose restrictions in the miami area? >> first of all, we're hoping not to. we're seeing a slight uptick in the percent positivity, very, very slight. we were on the downward trend slightly below 6% positivity. we've seen a slight uptick, slightly went up above 6% in the 14-day average. i hope not, and i don't expect this to hopefully affect the miami population because most of the people are not miamians that are there. they're from out of town. now, could this create a problem

for people that may have gone here to miami, got infected and spread that to other parts of the country? i've seen graphs that show how a pandemic can spread if, you know, out of towners come to a particular if place, get a sickness and then go back home. so my hope is that it doesn't increase the number of infections so that we don't have to make any changes. we're very limited in the changes we can make anyways, so at point we're just hoping that things continue to be managed and the fact that we continue to vaccinate the population allows us to continue those downward trends that we've been seeing the last few weeks. stuart: regardless of the pandemic situation, next year will you discourage spring breakers from going to the miami area? >> i think we have to spend, you know, the rest of the year -- and this is just to be clear, this is in miami beach which is the city next to miami, i'm not the mayor of that city. but i'm, you know, obviously

here to support help him. i think they have to really think about huh they want to engineer, reengineer the kinds of events that they have there. i think this was also a perfect storm the because miami was open, and the flights at this particular moment because of air travel and hotel stays are extremely low, i've heard as low as $50 to fly here, $50 hotel nights. so it's sort of a perfect storm of things that came together. but i do think that the city needs to take a hard look at what their rules are and fashion some sort of a set of rules that will allow to manage the flow of people. what's evident in that very small one square mile in the beach is that there is way too many people in a very small group of space. and what happens, of course, is nothing good. you know, you have people that are crammed in together, that ends up, you know, people wind up fighting, looking like there's disorder and unruliness and that creates, unfortunately, national attention.

we definitely want to make sure that doesn't happen in the future. stuart: well, that was miami beach. you're the mayor of miami, which is a separate entity. miami beach is a small place. what was the situation like outside miami beach, maybe in some of the beaches in your area? >> thankfully and luckily, we had no incidents like that, you know? we were worried on saturday when the curfew was instituted at 8 p.m. that we would see a sort of spillover, and we had increased our police patrolling, our police forbes we were preparing for that possibility -- force, we were preparing for that possibility. luckily, it didn't happen. stuart: apart from spring break, how is miami doing business wise? >> we couldn't be doing any better, stuart. it's incredible, the number of people that are migrating from, you know, high-tech industries, from finance. they keep coming to miami. every single day i get messages, i call on people who are moving their companies here to miami. so it's been incredibly,

incredibly successful for our city over the last few months, and that's a trend that we want to continue. we want to be the capital of capital in the world. that's our objective. and the reason why is we realize that's going to allow the children of our community and the adults and people in my generation to have have a much better chance and opportunity to have a prosperous future. and i think that being a city that wants private sector to grow is something that should be a model for all cities in the united states, and that's something that we're looking to thrive on and use as a scaled-up model throughout the country. stuart: yes, please. sir, your honor, grow the private sector, please. please, i'm begging you. thanks very much, indeed, your honor. miami mayor, francis suarez, appreciate it. now, we're about a week away for opening day for baseball. these teams are doing their, getting ready. they're in spring training right

there. but connell mcshane, now, he's at northport, in northport, florida, where the atlanta braves play. is everything back to open there? >> reporter: not completely, stuart, because of the reductions major league baseball has in place. that's one of the reasons we're here, it's the economic story we're covering. there's so much potential for this brand new, beautiful stadium and for this area in sarasota county. it's quite a site, $160 million goes a long way in building a sports complex. but when the atlanta braves came to northport, florida, executive mike dunn says it was about more than baseball. >> it's a center piece of a live, work, play community. >> reporter: there's a city key bar down the leftfield line. nothing was open this time last year when covid hit. the stars went home and the seats were left empty. that left an empty feeling in northport's local business community. the braves are one of richard's

clients. >> our rental business is down 80 plus percent over 2019. >> reporter: a similar story at peach frozen yogurt with the owner unable to cash in on a spring training rush. but this year baseball's back. >> it's fun to hear the ball met the bat, it's fun to hear the organ play. yeah, you have national anthem, it's baseball. it's mesh's favorite pastime -- america's favorite pastime. >> reporter: and even though capacity is limited to 21%, the fans have returned, and they're buying frozen yogurt. >> we've probably seen -- we've definitely seen, like, a 50% increase in traffic. >> the braves is going to be the a 365-day a year positive. it's basically the hub for that entire community and the surrounding commitments as well. >> reporter: a future this community has been waiting for. sounds line they're ready to go. >> go, bravesment. >> reporter: yeah. that guy certainly into it, go, braves.

it does show the long-term economic impact, stuart, of the pandemic. you have two seasons here already affected, a lot of money lost, but better days for all involved here in the northport area appear to be ahead finally. back to you. stuart: yeah. you're in florida. [laugher] all right, connell, thanks very much, indeed. take a look at this, i've got a number for you, and you're going to like it. 1.543 million people boarded planes in america on sunday. huge. that's the biggest number since the pandemic began. it's also the 11th day in a row that the tsa saw more than a million travelers. things are coming back, i'm telling you. so take a look at the airlines. with that kind of passenger level traffic the, actually the, her down today pretty much across the board. okay. how about the cruise lines? in particular royal caribbean. okay, they are going to start some caribbean cruises in june. all adult guests must be vaccinated. the crew's got to be vaccinated. youngsters under 18 need proof

of a negative covid pest test. but -- covid test. but the ships will sailing from caribbean ports, not from u.s. ports. crude lines down. -- cruise lines down. and then the governor of new jersey, phil murphy, says he will likely pause reopening plans. cases, viral cases just -- virus cases, i should say, up 10% in the last week. not good news for spring and summer at the jersey shore. remember, capacity limits for indoor dining in new jersey just opened to the 50% level on friday. governor murphy's thinking about pausing that reopening plan. and then there's this, senators pushing president biden to set an end date for gas-powered car sales. we've got that story for to you. the homeland security secretary has a message for the migrants. roll tape. >> the message is quite clear, do not come. the border is closed, the border is secure.

stuart: i'll repeat that, the border is closed. that's what he said. well, is it? we will ask the president of the national border patrol council next. ♪ pressure pushing down on me me, pressing on you ♪♪

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♪♪ stuart: all right. i like that graphic. biden's border crisis. yeah, right. what about border facilities, one of them is costing the federal government $800 per day, per bed. 23 million in total per month for just one of these facilits. hillary vaughn is at the border in arizona. overall, how much the border crisis, disaster, costing american taxpayers? >> reporter: stuart, the estimate in 2017 was $116 billion. but again, that is looking at 2017 numbers. we talked to sheriffs on the ground here in arizona that are saying they are seeing an unprecedented surge across the border here that is growing every single day, and that

caruso facility in texas that you mentioned, it is 952 beds. the federal government has to pay for every bed whether or not that bed is full or not. so that cost $761,000 a month just for that one facility. but the issue here is there is a trickle-down cost that needs to be considered as well. the sheriffs on the ground here in arizona tell us that they are left filling the gap for cbp officers that are being diverted to childcare, to adult processing to help manage these pop-up facilities that they're having to create for the surge of migrants coming across the border. so the sheriff is essentially covering the cost of what a cbp is being pulled away from here on the border where migrants are crossing every single day. >> our agents, i mean, they're being rerouted for childcare or adult care or processing when

they're no longer working with us alongside the border. and border security is public safety, bottom line. you asked the question does president biden own this? you bet he owns it. he's the prime minister of a free -- he's the president of a free cup. he's the one who triggered the policies. >> reporter: and, stuart, the cost is also adding up. fox news confirming that the federal government, i.c.e., has paid out a contract, $86 million, for essentially hotel rooms and care for migrants that are here. and that $86 million, stuart, only gets them around 1200 beds. stuart? stuart: hillary vaughn at the border, thank you very much, indeed. now listen to what one migrant said when asked if he would have crossed the border you should president trump. roll that tame -- under president trump. >> would you have tried to do this when donald trump was president? >> definitely not. >> so did you come here because joe biden was elected president

in. >> basically. basically. the main thing was the violence in our country. and the circumstance was joe biden. you know, it's like my hope. stuart: all right. come on in national border patrol council president brandon judded. welcome back to the -- judd. welcome back to the program. dhs secretary mayorkas says the border is closed. is it closed? really? to everyone? >> i'm going to use democrat representative henry cuellar's numbers. he says the average illegal immigrant pays $4,000 to the cartels to get smuggled into the united states. in the month of february, we apprehended 100,000 illegal border crossings, that means on the low end the cartels made $400 million in profits, and that's just off of human smuggling. that doesn't include the drug smuggling. stu, you're a financial wizard. you tell me if the border's

closed if the cartels are making $400 million. stuart: what is the situation at the border? as i understand it, children, unaccompanied children can walk in and people can still come across the border illegally, and they're catching a lot of them. so the border is not closed. i think we can say that, can't we? >> oh, absolutely. it's absolutely not closed. when we have the largest surge in 20 years, and i'm going to go further, i'm going to say it's the largest surge in the history of the border patrol. i've been a border patrol agent for 23 and a half years now. i've never seen anything like this. not all arrests are created equal. back in the early 2000s when we were arresting 1.5 million people, we were just sending them right back to mexico. so we're dealing with the psalm people over and over and over againment now we're on pace to make over a million arrests, but these are different people because the recidivism -- we're not arresting the same people over and over again.

this is a crisis of epic proportions. stuart: what is the administration hiding by not letting media into these border facilities? >> they know what the media's going the seement they know that they're going to see -- so we call these holding cells, we call them pods. they're the same thing the democrats called cages. we call them pods. when we have pods that are only supposed to hold 80 people yet we have 694 people in those pods, they know the media's going to see something that is completely and totally out of control. and, obvious, pictures paint -- and, of course, pictures, photos paint a better picture for the american public than words ever do, and they don't want these pictures to get out. they don't want the american public to make an honest opinion based on the facts that are clearly happening on the border. stuart: i'm just going to roll some videotape for you, brandon. president biden says he will end up going to the border. listen to this.

>> are you thinking of going to the border? >> at some point i will, yes. >> -- what's going on many those facilities? >> i know what's going on in those facilities. stuart: he says he knows what's going on in those facilities. when do you think he might go? >> well, i don't think he is going to go because if he goes -- well, let me take a step back. he'll go if they get this problem under control. he says he knows what's going on in those facilities. if that's true, then he should absolutely be ashamed of himself. those facilities are absolutely inhumane. to hold children the way that we're currently holding them. he says he ended the remain in mexico program because it was inhumane, yet he just put those children in a situation that is even more inhumane than the remain in mexico policy ever was. it's shameful. stuart: you're the president of the border patrol council. what do other members of the council think? are they ang ily about this?

>> -- angry about this? >> look, i represent the agents. i'm an agent myself, but i represent the agents. the agents themselves are beside -- they're more than upset. e-mails are being sent to upper management on a daily basis explaining how bad the situation is. we just had a contractor that i was just told this morning had a nervous breakdown based upon what he is seeing in those holding facilities. this is, again, something that we have never seen before, and it can be solved. the problem is there just isn't the political to solve the problem. -- will to solve the problem. stuart: brandon judd, thank you for being with us, see you again soon. >> thank you. stuart: sure thing. all right. now, let's look at this, businesses in texas open again. one amusement park there just saw its highest revenue ever. this past weekend.

the ceo how urban -- of urban air, he's going to join me in a moment. coming up, going just 6 miles per hour over the speed limit will now cost you $35 in chicago. drivers there are furious, but can they do anything to fight it? we'll deal with that next. ♪ -- lose your mind. ♪ life in the fast lane. ♪

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stuart: driveing even just a little ovee speed limit will cost you $35 in chicago. drive a little faster, and you'll be paying $100. grady trimble is there. all right, how much money are they trying to raise with these new fines? >> reporter: tens of millions of dollars, stuart. here's one of those speeding cameras right here, another one

across the street. we looked at a week period in january before the fines were put in place, and they gave out almost 53,000 tickets which amounts to about a ticket every 12 seconds. adam schuster is with the illinois policy institute, also happens to be a driver here in chicago. the city is doing this, of course, out of the interest of public safety, right? not to generate a ton of revenue. >> if you believe that, i think the mayor also probably has a bridge to sell you. chicago is facing a $1.2 billion budget deficit last year x this knuckle el and diming of -- nickel and diming of residents is a common tragedy to close the budget deficit and chronic budget problems that are really driven by pensions. and, unfortunately, instead of addressing that problem, they keep hitting up drivers and residents for more. >> reporter: property taxes going up, gas tax going up. it's already driving people out of the city and out of the state of illinois. when does it stop?

>> it needs to stop soon. the city of chicago has gotten $2.5 billion from the federal government, and if we're going to recover from covid-19 and have strong jobs and wage recovery, we cannot keep treating taxpayers and residents like a bottomless piggybank. >> reporter: stuart, i walked here this morning to avoid becoming a subject of my own story, but it reminds me of the beatles' song, if you take a walk, they'll tax your feet. [laughter] stuart: and if you take a seat, tax your feet. you're right, if it moves, tax the it. by the way, you should see the fines for speeding in or new jersey. grady, you're all right. see you again soon. the price of gas, by the way, now averages nationally $2.88 a gallon. that is up 74 cents from this day one year ago. man, it's gone up. and there's this, two senators are calling on president biden to get rid of

gas-powered cars. ashley, who is calling for this? ashley: california senators alex padilla and dianne feinstein want president biden, indeed, to set a firm date on when to phase out gas-powered passenger vehicles. suggestion months ago california -- six months ago california governor gavin newsom signed an executive order requiring all new cars and passenger trucks sold in the state to be zero emission by 2035. biden, by the way, has declined to endorse a specific date. certainly during the presidential campaign only vowing to dramatically boost electric vehicles and charging stations. earlier this year, by the way, you know, gm said it plans to end all gasoline passenger cars and truck sales by 2035. volvo says its entire car lewinup will be fully electric by 2030. and ford's european lineup will be fully electric by 2030.

so the carmakers are telling us in less than a decade all they have to offer are welcome trick vehicles. are electric vehicles. stuart: i california wants to set national policy. they're good at that. tell me about jeep. i think they're work on all-electric wranglers? apart from being electric, what's so special about this new wrangler? ashley: well, look, this is a try vehicle. it's going to be called the wrangler magneto. there's an illustration. it's an all-electric version based on the wrangler rubicon model. but you're going to have to wait a few years or more to buy one which means, basically, the automaker is gauging customer interest, if you like. the most unique thing, to answer your question, about the magneto is it has a six-speed manual transmission. it's very unusual. but that could be a key draw,

jeep hopes, for those that like to go offed road. so the big question is how much will they cost? we have absolutely no idea. jeep isn't saying yet. [laughter] it's just a concept, is what they call it. [laughter] stuart: we like to bring people up to speed on concepts. it's a very good thing. ashley: yes. stuart: the ashley, thank you very much, indeed. you are all right. [laughter] elon musk responding to china's military ban on tesla cars. i see the stock up 5%. what is elon saying now, susan? susan: well, he's saying trust tesla. we don't spy, and we would be out of business if we did. that's the message from elon musk who spoke virtually at a china development conference other the weekend, and he is trying to reassure beijing authority it is after china's military banned tesla purchases because of these spying concerns. so reuters reporting that tesla car cameras and sensors could be used to spy on chinese personnel in restricted areas. we know that tesla has rallied

700% the past year, and tesla now dominates the electric car market there after opening and reopening their shanghai factory 14 months ago. china accounting for 20% of tesla's global sales. i want to show you what's happening with amc. we were down 14% at the bottom on track for the worst day since early february, and that's despite 98% of u.s. theaters being open on friday. and since since we're on this reddit theme, gamestop is down a little bit today. don't forget, first earnings since the height of that a saga in late january. stuart: well, that's tomorrow night, tomorrow afternoon. >> after the bell, yes. stuart: got it. thanks, susan. now this, a texas-base add venningture park -- adventure park now outperforming their pre-pandemic numbers. how about that? the owner has a message for blue state lockdown governors. i can't imagine what it might be. [laughter] he's from texas. well, he's on the show, and he's going to join us next.

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business, and theme parks like urban air's indoor adventure parks, we are told that they are thrive thing. michael browning is with us. michael growning jr., i'm sorry, get that right -- michael browning jr. he's the cofounder and ceo of this outfit. you have 43 parks across texas. tell me, how are they doing now -- because i know you're open for business finish how are you doing now compared to before the pandemic? >> thanks for having me. yeah, you're absolutely right that our parks in texas and in other states like florida where the governments has loosened the covid restrictions, we're outperforming our pre-covid levelses. for example, in texas we're 120% of our 2019 numbers, our pre-covid numbers. stuart: do you enforce mask wearing? social distancing at your parks? >> so we're still a abiding by the cdc guidelines with regards to covid.

our staff is wearing ppe. we are still limiting capacity. we're using our touchless ticketing and food and beverage offerings, and then we're allowing guests in states like texas the wear what makes them feel safe and comfortable. there's been overwhelming support and response. it's why we're doing so well. stuart: if your revenue is up so much, is it you've got more people coming to your parks or the same number of people, but they're buying a lot more food and drink? >> i think there's a little bit of both. there's definitely .-up demand. the families -- pent-up demand. the families spent the last year keeping their kids healthy, helping them learn inside their homes, and they're ready to get out. we help kids celebrate special moments, escape the hardships of the real world and connect socially offline. there's definitely a pent-up demand. and we want a well-rounded experience where, sure, they can come and play, but they're also going to have a great food and beverage experience as well. when they leave there, they're

tired and happy. stuart: you just don't let 'em scream on the scary rides, michael, okay? that's really frowned on, you know about that. that's a spreader. look, thanks very much, michael browning jr. or, for being on the show. we wish you the best of luck, and congratulations on a fine performance for your theme parks in texas. all right, sir, thank you. breaking news out of new york, here we go. anyone over 50 years of age will be eligible to get the jab starting tomorrow. starting today, krispy kreme, okay, they will offer a free glazed doughnut to anyone with proof of vaccination. the deal is good for the rest of the year. and krispy kreme's ceo will be on "coast to coast" later this afternoon. don't miss that. quick check of the big board. we're still in the green and there's plenty of it, and we'll be back after this. ♪ just what i needed, just what i needed. ♪ i needed someone to feed.

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some say this is my greatest challenge ever. but i've seen centuries of this. with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;) stuart: well, well, take a look at this. that is a rare picture, elon musk at dinner with jeff bezos. when did that happen, susan? >> 2004, elon musk saying wow, can't believe that was 17 years ago which is true. so they were actually friendly, they had friendly conversations before they became rivals when it came to electric cars, space,

internet satellite. that is nice to know, isn't it? that big flower in the middle. some people, the nower in the picture to hear what they're saying. stuart: good idea. i would love to know what they were saying all those years ago. rare picture. they did look younger. my time is up, david asman in for neil. before you go, before you start, i know what you're up to, you have the ceo of krispy kreme on the show. back in the day when we aasked krispy kreme on they arrived with 500 doughnuts. that is exactly what you're doing. david: if you were right, neil cavuto would be here right now if there were 500 doughnuts. i don't see any in the green room. i think the staff would have eaten them. she says no. hope springs eternal. hope it arrives soon. welcome to "cavuto: coast to coast," i'm david asman in for