maria: being thank you to brian brenberg and a james freeman. great to be with you. >> thanks, maria. >> great to be here as always. maria: and to you always. have a great weekend. "varney & co." begins right now. take it away, stu. ] stuart: good morning. that press conference was a revelation, the president looked tired turkey was frequently confused, lost his train of thought and needed a cheat sheet to figure out what to say and he made outrageous statements accusing president trump of letting children starve to death and the media fond all over him. my opinion, the web generation press corps

is in lockstep with the most (president in modern history. this is dangerous, a one-party press corps backed up by social media censorship. there was no immediate impact on your money with the dow industrials up a couple hundred points yesterday and they will be up about another 100 this morning, s&p up about 10 , nasdaq on the downside. 10 year treasury yield right now 1.67%, moving up and maybe that's why the nasdaq is down. bitcoin holding in the low 50000 per coin range $53000. can use a supply chain disruption? you are looking at it. that giant container ship is still stuck in the sewage canal, suez canal. it could say stock for weeks. about 200 ships are in the jam. products all delayed,

global trade facing disruption. it's already had an impact here. on the show today you will see the real numbers from the border, contrary to what president biden said in his press conference, the surge in the illegals began when he was president. one week into spring you will see america opening up. the virus is losing its grip and we are breaking free. that's a wonderful thing. friday, march 26, 2021, "varney & co." is about to begin. ♪♪ stuart: that the empire state building on a day when the temperature in new york city will get to 77 degrees.

spring is here. let's get out and about. president biden claims president trump let my grandchildren star. rolling tape. >> 's or, you blend of the last administration, but it is your messaging saying these children are and will be allowed to stay in this country and work their way through the process encouraging families to come? >> look, the idea that i'm going to say, which i would never do, an unaccompanied child ends up at the border we just let them starve to death and stay on the other side, no previous administration did that either accept trump. i'm not going to do it. i'm not going to do it. stuart: okay. president trump responded last night. watch this.

>> first of all it's just the opposite, but by the time we finished what we were doing, few people were coming up as they knew they would not get through and the biggest thing was we had to stay in mexico policy and that means we wouldn't allow people to wait in our country until they were totally checked out. what they are doing now is outrageous and they should finish the wall. stuart: do you notice the difference? not just in what was said, but how it was said about vigorous verses are not vigorous. we will have more on the press conference throughout the show and i will talk about the media, they were swooning all over this president. now this, all california adults can get vaccinated next month. the state announced 16 and up can get the shot starting april 15. among those is governor newsom and he says he plans to get his shot next week.

the greatest spring reopening, yes, it's here. dr. marc siegel joins us. doctor, i say the virus has lost its grip on america and we are out and about and opening up. what say you? >> that opening line is inspiring and accurate. the virus is losing its grip, stuart. is losing its grip because of natural immunity, close to 100 million people have gotten over covid and it's losing his grip because our vaccination campaign is working. over 80 million people have had at least one shot, 130 million doses given out and we are going in the right direction. i believe president biden is correctly will seek 200 million doses in the first 100 days, but more important is israel, look where israel is, 50% vaccinated and numbers are going like this, 80% decrease in cases, 80%

decrease in hospitalization and 80% decrease in deaths. they are going to shopping malls, restaurants. that's where we are headed over the next couple of months and it's inspiring. stuart: is that herd immunity in israel? and how soon do we get there here? >> not quite heard community in israel, but its normalcy returning. herd immunity is a specific scientific term deal with a percentage of that immune. the point is israel can reopen with cases going like this and do so will we. returning to normalcy as we expanded vaccination program we will reach herd immunity over the summer, i believe. stuart: would your advice to some states that are still having some restrictions, would your advice be as a medical guy, open up now and get on with it? >> well, think we need to open the economy. i don't have a problem with people continuing

to wear a mask or distancing, but get restaurants open, business is open, it's ridiculous. you talked about the border, 300 kids in medical care at the border at hhs facilities spurted covid, with covid when schools are closed. and a lot of schools are closed but we know from science the schools need to be open because the community spread is greater than school spread. that's a lack of insurance to the science we need schools open now, business is open now, continue some public health for cautions for the near future. stuart: let's get on with it. dr. marc siegel , thank you for joining us. let's move on because the virus is losing its grip on as yet, you got that. next case, we have pfizer, they are beginning their vaccine trials with youngsters. what is the age range for the people in the

trials? susan: good morning. six months to 11 years old, so pfizer's vaccine authorized for 16 and older but testing children is a crucial step to getting herd immunity and children make up roughly 20% of the us population. moderna has started testing kids in december, j&j plans testing kids older than 12 at first and then they might even try trials with their vaccine in newborns according to the "new york times". doctor fatty said the us could fax me older kids in the fall just as school-aged children next year. stuart: amazon launched an on-site vaccination clinic in some of their warehouses. of the question, susan, will the shot that amazon be mandatory? susan: at least for now it's not mandatory, but maybe in the future. amazon wanted to get their workers access to

vaccines and wanted to get ahead of the line after worker strikes during the height of the covid pandemic last year on unsafe work conditions, at least that's what the employees rallied against. more than a thousand employees signed up for vaccinations and in fulfillment centers in nevada, kansas in the coming weeks and the clinics will run for five days. amazon has been incentivizing employees to get vaccinated. they were offering bonuses, but it's not just amazon, they join a growing list including carmakers in detroit, that have launched on-site clinics at some of their facilities so they want their employees to be vaccinated. stuart: do you think we will see the day soon when some companies as a you have got to get vaccinated before you can come back to work? susan: the vaccine passports

that we will need in our everyday life, i think that is the talk now and looks like corporations might mandate that especially if they want to return to the office. stuart: we had that from rutgers university in new jersey yesterday, you want to come back for in person classes at that college you have to be vaccinated. susan: but, the staff didn't have to be vaccinated, just the students, so how does that make sense at rutgers university? stuart: it doesn't. is a civil liberties issue. can you be compelled to get the vaccine as a condition to go back to work? it will be sorted out the courts, no doubt. thank you. coverup in "new york post", glazed and confused said the post, their verdict on biden's press conference with it clear contrast from the days of president trump news conferences. watch this. >> should i let her rest another question? go-ahead.

very high quality question, this man. you are doing very well. say, thank you, mr. trump. >> should we continue for a while? i could do this all day long. stuart: back in the day wasn't that fascinating exchange between the president of the united states and the reporters? would we have now? president biden called on nine reporters and fox news peter doocy was not one of them. next, the cargo ship still stuck in the suez canal and some say it could take weeks to move this thing, weeks. we will tell you why that threatens our economy here at home. checking futures this friday morning, dow jones and the green, nasdaq in the red ink. more "varney & co." after this. ♪♪ ♪♪

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to learn how to reverse insulin resistance and lose weight effectively, go online to golo.com. once again, that's golo.com. stuart: the number four, it's still stuck, the big cargo ship blocking the suez canal. 200 ships are behind it and the bottleneck. you can see some right there. susan, what is this about weeks to move this thing? susan: according to the company and that's not good news because the suez canal is one of the most important shipping lanes in the world accounting for 12% of global trade including oil and other export items. lloyd's of london says $400 million is lost for every hour the suez canal is blocked, over $5 billion loss per day. this morning we have the

egyptian authorities essay and 87% of the ships about has been dug out, which if you look at the picture is a meme on social media. two times the size of the washington monument. a tiny little excavator trying to dig it out, and david versus goliath, king kong versus godzilla and even a reference to the wallstreetbets saw the tweeting out thousands of angry people of twitter representing that monster trip and robinhood is that little excavator that could. stuart: i would be inclined to laugh if it wasn't so serious. i want to bring jonathan hoening into this with an unusual question. this ship that is stuck, could it be a blacks were on event you know something that comes out of nowhere completely unexpected and hits you sideways, could it be?

>> absolutely. it's a little humorous when you see images, not to be believed with the size of the ship, but the severity of the blockages tremendous. talking about economics what is seen and not seen. we can see the ship blocking the lane, but we don't see the hundreds of billions of dollars of income and revenue lost as a result. the good news is shipping is primarily affecting europe, but the supply chain is a global internet-- interconnected whole so we could see higher wages for cars, even a toilet paper shortage because wood pulp is transferred throughout that route. there's opportunity with shipping stocks up, but there is danger for the us economy if they can't get this ship free soon. stuart: who would have thought, it's amazing, who would have thought at the end of the week we would be talking about a huge

ship stuck in the suez canal that may just be a black swan events. your regular turf, the markets and money. are you buying the bitcoin dip? >> i'm not. i don't buy the dip. this is the thing with the dip, you don't know if it's just a dip or the beginning of something tremendous and makes me think back to 2013, oil dipped in that went on to have a large collapse. to me, bitcoin and i know there are a lot of passionate holders, it looks vulnerable under $50000 a coin with mainstream adoption, tesla and other companies getting on board and even talk about bitcoin etf, it's exciting but those developments tend to happen at the end of a move, not the beginning, so i'm not a hater, i'm just not a buyer on the dip.

stuart: interesting philosophy. jonathan hoening, thank you. let me show you gamestop look at it go. it was up 50% yesterday, up 11% now. susan, you know i can't roll wrap my arms around gamestop. susan: it's hard to explain because if you think about it yesterday we were up 50% and even i was scratching my head. that's a extraordinary street. i was in on the options market and active contracts, we saw a 50% pop most actively traded stock amongst retail traders amongst fidelity, not surprising and recovery, remember after disappointing earnings and plans are a stock sale in the future, but it's not

just gamestop. i checked the other meme stocks with amc jumping 25%, the fifth most popular stock cost rallied 40% in one single session so it looks like the meme stocks and reddit brigade is back in action took the question is how long will they stay there because i mentioned the concern with the markets is that retail traders aren't as interested in trading wants were. stuart: i am still inclined to say gamestop stock is essentially a gambling trip. susan: okay. stuart: up 50% in one day. susan: i think there is a transition taking place especially from online to bricks and mortar. board members are stepping down. ryan schooley is good at transforming businesses so there's a fundamental story there to sell for gamestop. stuart: we've had this

discussion before. we are going to move on. this next line i think is just as important, robinhood. as you know they are talking about building a platform so that users, you and i if we wish, and by straight into ipos. that's interesting. how does it work? susan: and then i have a few questions for you afterwards in terms of pricing. robinhood said they want to give retail investors access to hot unicorn ipos at prices that wall street gets, so they are looking to democratize the ipo process especially with the one-day debuts of over 35% last year, highest since the.com. bubble. why shouldn't people like me and you get those? average people don't usually get allocations with the big ipos because it usually goes to the big hedge funds and wales robinhood has a story because they have a collective 13 million account with

market power and they drive a lot of the trading volume every day and of that could average traders more access. also, so five is looking to do the same thing. they say clients with at least $3000 in their account can enter the amount of shares they want in these ipos. the output will alert them when it's try it-- time to confirm an order. you really think we will get same pricing compared to say ken griffin and the citadel with all that market power? stuart: if i had the chance to get in at that price i would take that chance if i can get that offering price. that's what robinhood's challenges. if i can get the price, i'm interested. if not, i am not. this is how the market will open this friday morning. i see some green. dow jones up about 100. tiny loss for the nasdaq back after this.

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stuart: friday morning and i can see plenty of green for the dow jones and s&p, but nasdaq showing a small loss. look who's here, gary kaltbaum, though florida man. i happen did know gary kaltbaum is mad as hell because no questions on pax hikes came up with a press conference yesterday. what's your problem with that, gary? >> not a peep. the most important part of the equation of joe biden's proposal is four, 5 trillion-dollar tax hikes and right here 1975 tax bracket highest one at 70%, we are headed that way. the man is stomping all over wealth creation, stomping all over upward mobility. anyone else to become wealthy he is polling at a machete and cutting them off at the knees. if you live in new york city, and you are self-employed and you become successful they are telling you you will hand over 60 some odd

percents of your earnings to the great wonderful inefficient, ineffective government. i cannot begin to tell you my frustration in watching the oppressor, not a word about that, not a word about that debt, not a word about the deficit. it was a mismatch of-- immigration is important , but the biggest going forward is that deficit and what they are about to do to the economy with that these tax hikes, just depressing, my friend. stuart: you are quite right to be mad as hell. before we go in the market opens, tell me how you are playing this great opening up? >> same thing i have said for weeks, the strength in the market is the energy stocks, financials, economically sensitive and the bad strength is everything growth and i am a growth stock guy and i don't own one share of a

growth stock now. where growth was killing value is over and the other way is going on right now and you have to back away. stuart: my advice to you, gary a mistake in florida because you don't want to earn any decent money in new york city. 9:30 a.m. on a friday morning and we are trading. right from the start we are up 120 points dow jones, getting close to a half a percent, about a .4% gain up 120, 32700 , about two thirds in the green. s&p up one third of 1%. nasdaq, i'm sure it's pretty flat, flat to slightly higher up 1299 -- 13000, let's call it that. vizio, the smart tv people had a disappointing debut on the new york exchange yesterday with a

minor-league bounce this morning. big tech, always look at them. in the early going, almost all in the red ink except facebook which is up $280 per share. financials, i think they will be up-- yes, they are because the fed announced plans to lift restrictions on dividends and stock buybacks. susan: it stars probably after june with the stress tests. the fed was emphatic in their wording yesterday say they are listing restrictions on bank dividends and stock buybacks and as you know when you take stocks out of the market and give a cash back to shareholders it usually lifts the price. banks have to maintain sufficient capital, but looks like they have recovered and a lot of the restrictions have been listed. have you looked at the 10 year treasury note? up about eight basis points to win the 10

year yield goes up the means and banks make helping their stock price. stuart: banks up as treasury yields co-op. big tech down. is the old equation and it holds true. let's look at l brand, the parent company of victoria secret. the story is they have raised their guidance for the future. they are looking at those 250 million emergency checks that have just gone out, they are looking at the continued listing of covid restrictions in the stock is up nearly 6%. there is nio electric car company out of china and they have shut down a factory in china. is this the chip shortage? susan: of course. five days they are shut down in their chinese plant joining the likes of ford which says they might idle their f1 50 production in michigan

and also i delay in kentucky, ohio plans. ford, nio, volvo, toyota have said they will be heard by the global chip shortage with over $60 billion in car sales may be dented globally so five days a production halted equates roughly to 500 cars. stuart: let's move on to american airlines and united airlines. they are both up, not bad. what was this about their extending credit, if you don't use your flight tickets? susan: we know at the end of last year there was 11.7 billion unused tickets because of covid and you couldn't travel during the pandemic and most of the travel credits were going to expire this year in 2021. they are a geek steadied and out to 2022 with another year to use those flights. they have to, i think.

when you get $14 billion and another round of aid , i think you have to extend something to the passengers when the government and taxpayers are finding these airlines. stuart: they don't want you to get your money back. they want you to fly, just later and they will hold on to the money. is called playing the float. up 170 dow jones. here's the big movers on the dow jones, nike tops the list. they had a bad day yesterday. s&p 500 top winners, l brand with a nice outlook going forward. as for the nasdaq, top winners headed by jd.com. , up 2.8%. next base, sirius xm, etc. and then there is plug power up 2% i think

it's been under the weather recently. susan: we were talking about the stock when it dropped losing a quarter of its value in one single session because they had to restate some earnings from 2018, 2019 on accounting errors, but the stock is abiding green energy winner announcing a deal with that f1 alpine team. that's an interesting collaboration there. you mentioned nike and i went to show you what happened with nike. up i think one of the top gainers on the dow jones. some have no problems with what's happening in china and the threats of a boycott. this is a bit of a comeback after the 5% drop yesterday. and went to show you snowflake. do want to talk about snowflake? stuart: yeah, snowflake. i don't know much about it, but i keep seeing

this thing go up. susan: remember at the peak closer to my $400, so-- close to my friend or dollars, pardon me. they are initiating this as a buy, it's undervalued at this point because there's stickiness and retention with its customers because once you try it, over 90% stick with it and have pretty good earnings. stuart: how about by due? they raised money in hong kong that they are down a bit. susan: as you mentioned they sold about $3 billion in stock over in hong kong, a flat offering a not that much interest in hong kong. there was rethinking on wall street about whether or not it's worth of value. have you looked at alibaba, and others? all of these chinese tech companies are in bear market territory down 20% from their recent peaks.

stuart: we got it. thank you. quick check of the big board, six and a half minutes with a business and we are up 150 points. 10 year treasury-- this is a problem for investors, up to 1.67% and that's why big tech is down. price of gold has done little recently even though there is a threat of inflation on the road , gold is stuck at $1726 per ounce. per coin, bitcoin quote 52900. oil, $60 a barrel, up a bit this morning because of the suez canal blockage. by the way, the price of gasoline actually went down 1%. $2.86 is the average, but still up 80 cents per gallon from one year ago today. that's a financial markets as they open on this friday morning. now, we know why president biden kept

looking down during his press conference. he had that sheet sheet. look at this photo and you can see numbers next to reporter's faces and names. look closely as we have amplified this. that suggests the president was taking questions in a prepared order from favored reporters. the media seems to have no problems with this at all. watch it. >> the biggest news arguably was in his opening statement, quite contrast to the previous president. >> there is a sense of humanity. >> wasn't a single question on it that there is clearly no negative questions to ask. stuart: not any negative questions to ask? are you kidding me? jack dorsey, twitter once again, "new york post", hunter biden story was a total mistake calling it a processing error.

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stuart: thirteen minutes into the session and i can see green for the dow jones and that nasdaq. then there is we were, remember them the office leasing company, reportedly they agree to a spac deal. i thought they were done. susan: at a lot of people did. this is a $9 billion spac deal. that's a long way down from the $47 billion valuation that they said they were valued at in 2019 ahead of their botched ipo. valuation of 65 million

doll-- though he knows plummeting to $8 million forcing out the disgraced founder in the process. this is backed by famous people, deep-pocketed people. they said they lost around $3 billion last year filling this deal they will get about a one point $3 billion cash infusion and they need it because it's you are spac involved you have to believe people will come back to the city at some point and back into the office; right? stuart: but it's probably a long-term deal before they really come back in any numbers. all right, we work is back. let's bring in gregg smith. he knows all about spac. some of these spac in fact quite a lot are not

doing very well, are they? >> no, they are not. we are seeing a lot of spac trade below cash, the remind viewers about what nathan roche-- rothchild said we should look to buy when that candidates are firing and so when the trumpets are blowing, but today i hear two distinct sounds, as for the trumpets we know that economy is doing well and things are improving with vaccines and people want to get back to work as for the canons, we are answering the fifth week of a nasdaq decline with the threat of higher taxes, higher interest rates and i would say i would almost call the cathie wood trade in terms of all things spac's trading sideways or off the table right now, so ipos have not been working and we have dozens if not hundreds of spac trading below cash right now so there are interesting opportunities in the spac market for people that want to buy a 1 dollar bill for 98 cents

on the dollar. stuart: when you say below cash, explain that to me. >> as you know, when the spac complete their ipo, most all of them do their ipo which is priced at $10 per share in that $10 is placed in a bank account, a trust account so shareholders in effect should have protection that there is $10 backing up their share of stock. regardless of where the stock is trading. if it's trading $12, it still a 10-dollar bill backing up their share, but what we have today in this risk environment is people have sought liquidity against the backdrop of the downturn in nasdaq and people are selling these off and we see some of the spac trading at $1.80 which in essence is below cash so i found a handful that i like and have begun to look at and by in which as i said you are buying a 1 dollar bill, for 98 cents on

the dollar and i'm making the bet the spac operators will find a great acquisition and these spac will hopefully trade higher that-- then what is entrusted a. stuart: would you consider buying into the spac which will be we work backed by barry sterman? >> i don't know about that. i would want to wait and see. perhaps it's a real trade but the market is going to tell you what they think of it. right now to spac i have been buying, one called broadscale acquisition and another's tribe capital. they completed ipos, just about under the 10-dollar mark and those are two great teams i like and i have been looking at. as for the works i would wait on the sidelines and watch and see. stuart: and gregg smith, thank you. see you soon. blocked the "new york

post" story on hunter biden. i think that is censorship. what does jack dorsey colloquy to that was an interesting exchange with steve scully's and believe it or not dorsey was contrite. >> four weeks this very credible source article right before election about hunter biden was banned by twitter and then when you contrast that you have this "washington post" article that was designed to this from tray a conversation between president trump and the georgia secretary of state and since has been debunked and yet this article can still be tweeted out. >> not to do with the contact. it was to do with the hacked material. we make mistakes and our goal is to correct them as quickly as possible and we did. susan: that was part of the five and a half hour grilling. really rehashing some old seems we have heard.

mark zuckerberg said section 230 can be changed and facebook should not be the arbiter and over truth dorsey said it should not be the arbiter of truth but neither should the government. sundar pichai said policy changes could hurt the consumer. there was contentions exchanges yesterday with jack dorsey tweeting this out in the middle. a lot of lawmakers were asking questions for yes or no answers and that is hard to do when you are dealing with complicated issues. frustrating for dorsey. stuart: do they hate trump? yes, i think that's pretty clear. not dismissing it. headline in "washington post", the virus is not over, but it's psychological grip on the united states has a weekend. i agree with that. axle, i think it's an understatement. more on that and it might take at the top of the 11:00 o'clock hour.

president biden says he knows why migrants are surging the border. >> people are coming because i'm a nice guy that i'm a decent man. you know, that's why they are coming because they know biden is a good guy. stuart: really? some of those unaccompanied minors are victims of human trafficking and that's a huge problem. we will deal with it. ♪♪ ♪♪ 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 ;) losing a tooth didn't stop you but your partial can act like a bacteria magnet, putting natural teeth at risk. new polident propartial helps purify your partial

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stuart: bidens border crisis did you hear about this? human smugglers are using facebook to advertise their services to transport migrants from central america to the us including people from all over the world. edward lawrence is on the story. what is faced with doing about this? reporter: lawmakers say it's the same social media company that banned former president donald trump because advertising conduit giving access to more people to human traffic could listen to this exchange

yesterday as house lawmakers confront facebook ceo mark zuckerberg. >> do you see you'll complacent in any way that your platform is assisting in this disaster when limit? >> congressmen, we have policies and we're working to fight this content and we have policies against scams like the content you are talking about and we also see the state department use our platform to share factual information with people. reporter: representative carter said his office found facebook pages offering to take people across the border illegally for a few and at a news conference president biden seem to give the green light again for parents to send unaccompanied children across the border. >> the idea that i'm going to say, which i would never do, unaccompanied child ends up at the border and we are going to let them start to death and stay on the other side, no

previous administration did that either except trump. i'm not going to do its. i'm not going to do it. reporter: fact checking shows the numbers of unaccompanied kids coming to the border is not the volume they were last february. 171% more minors are showing up without parents at the border since february, 2021. stuart: thank you. still ahead on this program, this friday, rachel campos-duffy, rick purnell, dana perino joins us and steve hilton. second hour of "varney & co." is next. ♪♪ ♪♪

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♪ one thing i can tell you is you've got to be free. ♪ come together -- stuart: you asked for the beatles, and we try whenever we can. you're looking at the empire state building, and i'll tell you again,, it's going to 77 degrees in new york city today. it's spring. get out there, folks. 10:00 east coast time. i see green for the dow, up 140. i see now green for the nasdaq, it is up -- let's see now, it's the up about a third of 1%. the dow and the s&p are now positive for the week. the 10-year treasury, this was a problem for the nasdaq at first, but it turned around. the yield, though, up to 1.67%

right now. and the produce of oil on the upside to the tune of 3%. that giant cargo ship could stay stuck the in the suez canal for weeks. that hurts the delivery of those oil tankers. right. just in to us, we've got the latest read on consumer sentiment. susan -- susan: realtime numbers. in the month of march, we are feeling very confident. a read of 86.9, and that is the highest we've seen since march of last year. so highest read in a a year's time, and you can thank more stimulus and those $1400 checks as well. stuart: and i think you can thank the great opening up. i mean, because that makes people feel more positive for the future. susan: yep. stuart: no immediate impact on the market from those numbers, still holding to very solid gains. and now this. it was a dramatic warning, and

it came from a senior federal judge about the power of the media. i'm quoting now, the increased power of the press is so dangerous today a because we are very close to one-party control of these institutions. that was from the d.c. circuit senior judge lawrence silverman. if you watched the president's press conference, you would know that that was a very timely and very accurate warning. the white house press corps was obviously in lockstep with this very left-wing president. they hated trump, they adore joe biden. this is not the way our society's supposed to operate. biden said president trumped had starved kids to death. the media said nothing. biden said the fill hi buster is racist -- filibuster is racist. the media said nothing about biden's own use of the filibuster. the president said there had been a surge at the border that started when trump was

president. the media failed to challenge what was clearly inaccurate. the pbs reporter prompted the president to say migrants were coming here because he's such a nice guy? judge silverman is right. we now have one-party control of the media. it's the left, the far left, the woke folks that run the media show these days, and that is dangerous. we're being presented with just one point of view, media support for just one set of policies enforced by social networks with censor the alternative point of view. thursday afternoon the president was, in my opinion, tired, confused, he had to read from a stack of notes. a couple of times he stopped in mid sentence having lost his train of thought. and the media and the new york post puts it this morning, they just swooned. the bottom line is this: the most left-wing president in recent history goes unchallenged by this one-party media, back

door slide-by socialism. it's really dangerous. second hour of "varney & co." is about to begin. ♪ ♪ finish. stuart: well, look who's here on a friday morning, the one and only rachel campos-duffy. all right, rachel, have at it. when you watched that press conference yesterday -- i know you did -- what was your first reaction to it? >> i think that you are spot on. i think i expected him, joe biden, president biden, to be as slow and have these, you know, pregnant pauses and what not. i expected that. but i think, again, the media is really the story here. just imagine, they asked him if they could go inside the facilities, and he said not now, i will be transparent later. and so basically he said let me fix it, and then i'll let you in, and they didn't challenge him on that. and the whole press conference

was full of misinformation, the lies that you brought up on the things about the filibuster, that he used it, when did it become racist. but i think the biggest lie of all, the biggest doozy in this whole thing is wrapping up his border policies in this idea of compassionate. joe biden is not a nice guy. the way this -- the reason why the policies are are the way they are is because he's actually a cold, calculated politician. this is a voter drive. and they don't care if they are empowering and enriching the cartels, they don't care if they're endangering our national security to do it, and they certainly don't care that they're incentivizing parents to do some very dangers things -- dangerous things, sending 9-year-olds. they weren't alone. they went up with a cartel, drug lord, human trafficker person who brought them all the way up and then released them before they went to the border patrol. this is dangerous, this is wrong. the children are not only abused

along the way, most of them, like a third to -- they say up to a third or a quarter of them are sexually assaulted along the way. this is wrong. stuart: it's awful. >> it's wrong. stuart: who cares, who is taking care of these kids? who thinks about these kids? the cartels are are following them to the border, giving them wristbands so they can walk across, immediately get processed. it's happening by the thousands. and the media lets this president and this administration get away with it. i was really struck by that yesterday. the attitude of the media, they just were gung ho for this president. do you think it's going to be like this for another four years? >> yes, i do. i do. i think they're so in the tank for him. and, again, these policies show that they care more, the democrats and joe biden care more about growing their voter rolls than the american people. because right now they're saying

putting them in air force bases, army bases, they're overwhelming our foster care system. remember, we just came out of a pandemic where we saw sexual abuse and domestic abuse in american families rise due to the lockdown, and our foster care system's already overwhelmed, and now foster parents are getting calls from the government saying open up your homes to her children from the policies -- to more children from the policies that they created. this is showing no care for the american people and not one question about schools opening, by the way. stuart: not one. not one. got it. rachel, i gotta go, but we will be watching you hosting fox news prime time all next week. rachel, some of us will be glued. most of us, in fact. >> thank you so much. stuart: let's move on to look at the markets. looked at that, 150 up for the dow, and the nasdaq's having a good day so far, up 74 points. david kelly joins us now. i saw this this morning, david,

personal income in february down 7%. what do you make of that? what happened? i wasn't expecting that. >> there's nothing terribly dramatic about all that. what happened was we had the last set of stimulus checks, the $600 that was passed in december, that showed up in the january personal income numbers. that's why the income collapsed. so i think you'll see much better numbers in march, you're going to see an enormous surge in income. and really when you think about the first quarter of this year, it really is the calm before is surge. everything we can see in terms of the economy reopening and all the stimulus money hitting the economy at the same time is going to build very strong numbers for the rest of the year. so i wouldn't be worried about any weakness in the february numbers. stuart: all right. strong numbers in the rest of the year. what kind of numbers? what kind of gdp growth rate? what kind of stock market rally numbers? the tell us. >> well, first of all, i think

that we will regain the last of our recession losses in terms of gdp in the second quarter. net positive in terms of getting out of the recession. by the third quarter, we think we'll be looking at 7% real growth year-over-year. and i think by early next year we're going to be down close to full employment again. for the stock market, this should be relatively positive, but the really, you know, the thing that's the fly in the ointment here is interest rates. we've got, as you mentioned earlier, a 10-year treasury yield at 1.67%, that's still too low if you think the economy's really going to be booming by next year, which we do. that could be something of a challenge for the stock market particularly for large cap growth stocks which have very high multiples. they should be vulnerable to somewhat higher interest rates. stuart: that's what i'm invested in. i'll have to watch out. david, thanks for joining us. i hope you enjoy that weekend. if you're in new york city, it's going to be nice we've, david.

-- nice weather, david. get out there. thank you. let's check that market again, up half a percentage point for the dow. susan, what are you -- you're looking atal i try ya? -- altria? susan: yep. the cigarette maker a buy this morning, worth around $58, and that's because they believe in the rising trend for cannabis and vaping. we know that altria owns a stake in juul. but a downgrade for viacomcbs and discovery. wells fargo says hold on discovery, it's worth $59, but sell viacomcbs if you have some, and they're saying it's worth around $59 or so. now, these two are huge winners on that reddit short squeeze play because there's a lot of high short interest in both of these stocks. viacom, we reported this this week, it was down about 23% on wednesday alone, one single session. but airlines are up. we have american and united extending those travel credits now to 2022, so an extra year to

use any of those tickets that you haven't been able to. more than 11 billion unused tickets were counted at the end of last year. and you think it's about getting customers and people and passengers back into the planes, and it's not just about being contrite when you're getting $14 billion in extended aid in this stimulus package. stuart: yeah. i love to see a million plus people per day taking flights. we've seen that for the last 14, 15 days straight. susan: 2 million. stuart: that, to me, is end -- is opening up. over 2 million, i'm going to do my best to be part of it. we have to do this, we've got gamestop and amc. susan: we have to do this. stuart: whoa. [laughter] we do, we do. susan: you seem hesitant the, why? stuart: welshes i don't know what to make of it. it's up another 14%. i'm not sure i see much gap value in amc entertainment

running cinemas, but it's up 3%. that's my problem. what have you got to say? susan: well, there is value in both of these stocks for different reasons. maybe is it worth $200, i think that's a different discussion. gamestop was up 50% yesterday, the most actively traded stock on thursday for retail investors according to fidel i think, and that snapped a five-day losing streaks, convincingly, i would say. three times the orders to buy than to sell, and they had to recover from the single worst day in seven weeks. remember those disappointing earnings and plans for a stock sale in the future, also 8 of the 10 board members stepping down. the value is you have this transition from brick and mortars to digital, and ryan cohen, the chewy ceo, is really taking hold here and making that shift. other meme stocks were also back in action, amc jumping almost by a quarter yesterday, also the --

as we know flow and volume drive stock values and prices. stuart would you tell me if you bought gamestop, amc? susan: of course i would. i would think gamestop would be i attract thive under $100. there is a fundamental story for both. stuart: just a little inflated at $200 a share. [laughter] okay. all right. i'm going to leave the world of money behind and get to politics. look at this. the media just loves president biden's press conference. watch this again. >> there is a sense of humanity that he is talking about here saying this is who we are, this is the america that we are. we're not going to turn these kids away. >> there wasn't a single question on it which tells you there's clearly not any negative questions to ask is. covid's going well right now.

stuart: what did he say? oh, please. adam guillette9 has a thing or two to say about that, and he's on the show coming up up. look at this again, giant cargo ship completely blocking the suez canal. we've got the numbers. we talk a lot on this show about elon musk and his tweets. well, now he's being ordered to delete one of them. details coming up. ♪ say something, say something, say something. ♪ i don't want to get caught up in the rhythm of it ♪♪ [announcer] durán catches leonard with a big left. ♪♪ you can spend your life in boxing or any other business, but one day, you're gonna take a hit you didn't see coming. and it won't matter what hit you. what matters is you're down.

and there's nothing down there with you but the choice that will define you. do you stay down? or. do you find, somewhere deep inside of you, the resilience to get up. ♪♪ [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ ♪♪ ♪♪

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now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income...are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217 ♪ stuart: if you're just joining us, if you're listening on the

radio, let me spell it out. the dow is up nearly 200 points. the nasdaq is up about 40 points. green all across the board. now look at disney. i show you this because disneyland has revealed plans for a multiyear expansion in anaheim, california. this expansion includes expanding the theme park plus retail stores and also parking. that's an expansion, and that's what's going to happen in southern california. that's the plan for disney. now look at these photographs. president biden using cheat sheets during his first formal press conference. the cards highlighted key policy points and the identities of journalists attending. adam guillette with is us. i'm sure you watched this thing unfold. do you think the media did its job yesterday? >> of course they didn't do their job are, or at least they didn't do the job that the american people deserve. i didn't see one question about the pandemic, which was shocking

to me, because biden does such an incredible job of taking credit for all the success with the vaccines due to trump. he does a great job of taking credit for other people's work, so i'm shocked we didn't get one question on the pandemic, and i'm shocked he needed notice. why does he need notes for that? stuart: this is a way of shutting things down. if you label something racist like the filibuster, for example, you just shut down the debate. how could you possibly support anything which may or may not have been used at some point to be a racist tool? that's shutting down the debate. that doesn't bring the debate out. go ahead. >> no, that's right. they don't want to have a debate. all they want to do is ram their ideas through at us. and the notion that the if filibuster is a relic of the jim crow era, it was used before, 900 years -- 100 years before the jim crow era. the only relic of the crow era

in politics the joe biden or maybe their infrastructure plan. stuart: when you watched that press conference yesterday afternoon, and it went on for more than an hour, what was your take on the way the president came across? i'll tell you that i thought the man looked tired, i think he was often confused. what was your reaction? what was your response to it? >> you know, i initially watched a lot of it with the volume off and just watching his body language, confusion is the best way to sum it up. but he does have one tactic that he's been using since the campaign trail, and he uses it effectively. when he gets asked a question he doesn't want to answer, some of the times it's come on, man, but other times he'll use a little focus city line about his family life or growing up, and then he'll talk about things tangentially related to the question, and then he'll apologize for going on too long and move on to the next reporter. it's astounding that the media

lets him get away with it. stuart: but you think the public likes him, likes his approach to a press conference as opposed to the rough and tumble of the trump years? you know, people out there, voters may like this. >> well, i would say if you're going to have a president like joe biden in office, not seeing him that frequently isn't the worst thing possible. but to your legitimate point, trump absolutely was too adversarial with the media during the pandemic. his press conferences went on too long, and even though he did an incredible job with things like the vaccine, perception is reality. and trump definitely got hurt or hurt himself with all of those press conferences he did. biden is a bit wise to not do quite as many, but he owes the american people more than one press conference in three months. that's outrageous. stuart: adam, we will see you again soon. enjoy that weekend, lad. spring is here. all right, yes, we have to say it again, that giant cargo ship is still stuck in the suez

canal. the salvage company is saying it may be weeks before it can be dislodged. have you got any numbers on how much this is costing? susan: lloyd's of london, the insurer, says $400 million is lost per hour the suez canal is blocked. that's over $5 billion a day. i mean, these numbers are astronomical. the egyptian authorities say 87% of the ship's dow has now been dug out, but, you know, this picture has gone everywhere, viral on social media. some of the pictures of this monstrous ship, which is two times the size of the washington monument, four football fields long, next to that tiny excavator trying to dig it out, i love this. this has gone everywhere, david versus goliath, king kong versus godzilla and even a reference to wall street bets and and the

saga between robinhood. i would say that unlike that tiny excavator, it's just so tired on a friday. does that work? stuart: yeah. i hope your bike is not held up in that shut upping traffic. susan: -- shipping traffic. susan: yeah. stuart: we're going to turn to your favorite subject, elon musk. the labor relations board, they've ordered elon to delete one of his tweets. all right, which one and why? susan: i'll tell you what the take is, but the one that has to be deleted is a veiled criticism of unions. to this 2018 tweet i saying nothing's stopping the tesla team and our car plant to go union, they could do so tomorrow, but they pay and why pay group job dues and give up -- union dues and give up stock options. everybody already gets health care. tesla also has to reinstate the employee who led the union

fights at tesla. they also have to again sate him for -- compensate him for lost wages, benefits and adverse tax losses and this is in line with a 2019 ruling against tesla in this case. the takeaway here, stu, is there are limits, there are actual limits to what elon musk can tweet. remember that sec settlement after that funding secured tweet? i think you can question how lax the rules might be, but in this case there is a tweet, so you have to delete. stuart: getting him off twitter will be like pulling teeth, will it not? [laughter] susan: what would we talk about if he did that? stuart: we'd find something, believe me, susan. guaranteed we'd find something. all right. we are going to bring you, our audience, the owner of a restaurant, and he took a very aggressive stance towards the lockdown and mask mandates. we're going to show you how he's doing, because he's on the show.

first, though, twitter's chief owns up to his what he calls a mistake in censoring "the new york post." >> we made a total mistake with the new york post. it was literally just a process error. this was not against them in any particular way. stuart: no, it wasn't censorship, it was a mistake. [laughter] a tech entrepreneur coming up. he says this is nothing new, and he's calling out big tech. he is next. ♪ ♪ return of the mac, oh, my god. ♪ here i am. ♪ return of the mac ♪♪

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stuart: the great opening up, here we g. this just in to us, new jersey expanding vaccine eligibility to people 55 and older. and this order will include those 16 and older with disabilities. all of this begins april 5th, new jersey. as we've been telling you all morning, jack dorsey, the twitter guy, ceo, he says that they blocked the new york post hunter biden story by mistake. i say it was flat out

censorship. look who's back with us, it's good to see you, rami. i say it was censorship, he says it was a mistake. what say you? >> look, the number of alleged mistakes that these big tech companies have made over the last year is laughable. rand paul was locked outover his facebook -- out of his facebook account. facebook said it was a mistake. recently marjorie taylor green was locked out of her twitter account which, again, allegedly a mistake. i think it's no mystery that these alleged mistakes are consistently on one side of the political spectrum, and we've got to call it out for what it is, intentional censorship. i think the bigger issue here is the grand bargain between progressives and big tech. big tech censors content that progressives don't like, and in return, progressives quietly agree to leave the big tech monopoly intact, and i'm sad to say it's working masterfully for both sides. stuart: oh, i agree entirely. it is working perfectly and will

continue to work because wig tech had literally -- big teched had literally hundreds of billions of dollars in cash which they can use to hire the best lawyers, the best lobbyists and a couple of politicians as well. i don't see any change whatsoever. no change. what say you to that? >> this is caronny capitalism 20 -- crony capitalism 20. congressional democrats are doing something even worse here. they are delegating their dirty work that they cannot do through congress under the constitution to these private companies. that's what we saw at the hearing. here's don't we don't like, big tech, we want you to go out and censor it. here's the reality, if congress delegates its dirty work to a private company, then that private company has to abide by the constitution as well, especially when congress is hard-wired a special protection to allow them to do exactly that. that's section 230. so so the point i would make is this: state action in the

disguise of private enterprise is still state action, and these companies ought to be bound by the first amendment if they still want to benefit from section 230. that's the real argument we immediate to have. stuart -- need to have. stuart: do you think the woke generation is running the show, so to speak? >> well, i do. i think it's more complicated than that. on the bottom, sure, the employees of google and the rest of silicon valley are fomenting a social revolution and using their company as a pawn in the game of adjudicating social values. but it could equally game in the other direction too. a lot of these titans have been able to insure their monopoly status, keep their power in the market by putting on this woke with smoke screen. this unholy alliance between the woke and the corporate power, neither of who really love one another but both of who get something out of the trade. two parties mutually exploiting one another. it's not a parasitic relationship, it's a symbiotic

relationship, and i don't think the political movement on either side of of the aisle have quite put their finger on it, and i think both sides lose in the end. this industrial complex is really dividing us as a people, it's a problem. stuart: the woke industrial complex, that scares me to death. vivek, thanks for joining us. come back soon. >> thank you. stuart: turn to nio, that is, as you know, the chinese carmaker. we cover it extensively on this program. i believe they've been forced to shut down a factory. susan: yep. stuart: this has got to be the chip shortage. susan: that's right, and it goes back to the suez canal, because some of those chips might be stuck on that giant ship right now. that's why nio has to shut down production for five days in its chinese factory. that means 500 less cars being produced in the first three months of this year. that mean ifs nio will deliver -- nio ever deliver less

than 20,000. the new ford f-150 has no chips, ford already i'd -- idling kentucky, ohio plants. it's a big problem for them. in all, looks like $60 billion in car sales, stu, have been impacted because there isn't enough chips to go around. stuart: who would have thought that a chip shortage and a blocked suez canal would be the end of f-150 production at least for a couple of days in america. susan: yeah. stuart: wait a minute, don't go away, susan. porsche, i'm just reading the prompter here -- [laughter] subscription service, porsche drive is coming to five new cities. susan: san francisco, san jose, irvine, monterey in california along with houston, texas, so that's nine cities in total

including atlanta where they first launch. ed it back in 2017. but this only applies to subscription model, the 718 boxster. not the 911 that i know you usually drive, not the high-end iconic sports car. that means drivers can get in an lek -- electric porsche. that's cheaper than the msrp on the full car itself. porsche is actually expanding the subscription model in america while other carmakers have been cutting including bmw which pulled the plug back in january, same for mercedes, audi, cadillac and nissan. i don't know about you, but i thought a subscription model would work really well with high-end cars. if you can't afford the 60 grand, if i'm playing 32.50 a month, that doesn't sound terrible. but that doesn't work when you have leases around $1,000 a month.

stuart: exactly. the lease is the perfect alternative to the undescription model. i think. by the way, i don't drive the por if,9 911 any longer because i'm too old, as you well know. i'm moving on, changing the subject here. boat sales, we believe, are taking off during the pandemic. not just the rich who are buying. whoa, ashley, he's got another tough assignment. this guy, i tell ya, he's joining us from a boat in the next hour. probably going to be nice. op land -- on land, solar farms popping up across the country. not everybody's happy about that. we've got a report from a new solar farm in ohio after this. ♪ ♪ i'm walking on sunshine, whoa. ♪ i'm walking on sun shine, whoa. ♪ i'ming walking on sunshine and i'm gonna feel good ♪♪

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♪ stuart: i see plenty of green. look at the dow, up close to 200

points. the nasdaq's up close to 100. bit of a rally going on here. i've always wanted to get inside those gigantic solar farms which really are popping up all over the place. well, mark meredith got access -- i guess this is rare access -- to one of the new farms, solar farms, in southwest ohio. okay, you got access. what did you see? >> reporter: stu, it's pretty cool. you should come to see it. we're going to show it to you here in just a second. where we are, or when we talk about farms, we usually talk about something like this. that farmland that would have crops like corn, soybeans, cattle, stuff like that, as you can see, pretty pristine farmland, but what we have seen pop up here in southwest ohio is an all new type of farm. it's right over my if shoulder here. this is a solar farm if, and to give you an idea of how big it is, you really have to see it from the airment energy companies are investing millions of dollars into what these solar farms are developing as they are now covered in solar panels that

were once online. once they get online, they are going to produce power all across the eastern seaboard. thousands of acres are being leased here as they realize there's a lot of potential when it comes to this solar power. >> yeah, there's so much demand for renewable energy in this region of the country, that's why we're developing these sites to meet that demand from both corporations and utilities. >> reporter: but not everyone is convinced that these solar farms are going to be the gold mines that these energy companies promising farmers we spoke with are worried that these solar farms are going to make it much harder for them to do their jobs, they're not going to be able to lease the land out there, and it could create lasting damage to the farmland that they're being installed upon. >> we can't, we can't raise that soybean crop without good, fertile soil, and these farms are kind of being ripped out from under us. >> reporter: but the farmers that are out there that are

leasing out the land, including the land you're looking at right now, are getting big money to do this. so for some families, it really does come down to a matter of dollars and cents. we've seen from the biden administration that they are betting big solar will be the future, just yesterday announcing they want to see solar prices drop by 60% in the next decade. so for companies like these that are investing, they need more farms like this, and that's why they're reaching out to these farmers. it's a big debate across rural communities nationwide. stu. stuart: that was a gigantic farm. my goodness, the view from the air was spectacular. that's huge. thank you very much, young man. >> reporter: they're everywhere. stuart: yeah, they are. good stuff. okay. check the markets, please. still holding on to that rlly on a friday -- rally on friday morning. susan is watching nike. susan: yeah. we got an upgrade worth 150, and this is a comeback, remember, from that 4-5% decline we saw

yesterday over concerns about a china boycott. nike said they were concerned about cotton being produced by the uighurs that were being detained. i also want to show you what's happened with banks today, they've gotten the go ahead from the federal reserve saying they can buy back their stock, they can give back dividends once again, and jpmorgan says they are definitely doing that. and finally, baba, this is part of the baidu story. these chinese tech companies are down 20% in bear markets from their recent peaks, and there's a bit of a recovery talking place in recent days including alibaba, stu. stuart: you know, for once i got out in time. [laughter] i sold alibaba at 240. susan: you always get out in the time. stuart: not true. i want you to take a look at this susan. on the air, look at that. a lot of people thought that was

a meteor shower. tell me. susan: people were thinking was it planes? apparently it's spacex debris, that's according to a harvard astronomer who said it was space junk as it's called from a spacex rocket and not meteors or planes or ufos. and a lot of calls come through in seattle and portland, in fact, the national weather service said they've been getting a number of calls about this. but apparently this happens in space, it's called a deorbit burn where a spaceship fires its rockets so you have this debris being pushed off, and that's what happened last night reentering the atmosphere. beautiful. stuart: don't let me put you on the spot, susan, but do you believe in ufos? [laughter] susan: that's a good question. let me think. i'm a science-oriented person, but i would have to say there's got to be life out there somewhere. stuart: okay.

susan: and you? you've got to answer your own question. stuart: no, i will not answer your question. [laughter] next case, move on. covid passports could be a requirement to travel in the near future, but steve hilton, he says that's terrible. he's a man with strong opinions. well, he's on the show coming up next hour. ♪ ♪ not everybody wants the same thing. that's why i go with liberty mutual — they customize my car insurance so i only pay for what i need. 'cause i do things a bit differently. wet teddy bears! wet teddy bears here! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ 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.

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restaurant in 2018, and all was well until covid hit last march. when covid did start, me -- like everybody else -- i didn't know, you know, i took it very seriously and followed all the mandates that the governor put out which at the time was no dine-in was allowed, just take out. i tried that for a couple weeks, and i was losing money. so i had to make a hard decision and shut down, which i did for three months until the governor allowed dine-in again. it was about that time when i realized all of these mandates and regulations was about something other than our health and safety, because they made no sense, and they were actually stripping my customers, my employees and my constitutional rights and freedoms from us. so i decided not to be a part of that and decided to let my -- our customers decide for themselves whether or not they wanted to wear a mask and sit at a bar. so all was well until biden

signed an executive order late in january which told osha, which is the federal organization, to come out in conjunction with local health departments and crack down on small businesses like myself that weren't following local governor mandates. and the health department came out and said if i continued to let people sit at my bar and come into my restaurant without a mask, they were going to suspend my license. i said, listen, if i had listened to all these mandates, take my restaurant from 65 seats down to 16 seats, i won't survive. i won't be able to take care of my family, and everything i've worked my whole adult life for would just wither away. and i told him, i fought in iraq and afghanistan against dick dictatorships, which is what this is starting to be, and i wouldn't allow it to happen here in the u.s. stuart: you've been sued, right? the state has sued --

>> yeah. yep. stuart: look. a lot of other people who we put on this program who have defied chose-down orders have actually been ruined. they face gigantic legal bills and big fines. have you been ruined? >> not at all. i haven't been ruined because i have the support of the community, the support of the people. they did take me to court. when i wasn't following the mandates, the attorney general of virginia filed an injunction against me which he was trying to get the circuit court judge to shut me down. we went to court a couple of weeks ago, and they did it under the provision that i'm a substantial and imminent threat to the community which we've been operating this way since june, and there's been zero covid cases linked back to my restaurant. my employees have never been positive for covid, nor myself. so how uma substantial, imminent threat to the community, i'm not sure. the judge obviously agreed and did not court order me to shut down, so we're still open,

operating business as usual. stuart: oh, that's what i wanted to get to. you're still open. you're operating as usual. i'm not going to say you've won because you've probably got some legal costs involved, but it's a great story. you've defied the authorities, and you did -- i think you did the right thing, and i think you've won. matt, thanks for being with us this morning. that's an interesting twist to the story, and we appreciate it. >> thank you, sir. i appreciate it. thank you, sir. stuart: and thank you for your service too in iraq and afghanistan. thank you very much. all right. i like that. robinhood reportedly building a platform that will allow users, you and i, to use and buy -- or, rather, buy into ipos. i like the sound of this, susan. susan: implementation might be hard. they're looking to democratize the ipo positive because robinhood says that wall street gets access to these hot unicorn ipo tos, and then they make over 35% at least on average in just 24 hours after those day

one debuts. so why shouldn't average joes like me and you make these type of gains especially when the whale funds and the billion dollar hedge funds, those are the only ones that get allocation in these large ipos. robinhood says we have a collective 13 million accounts, that's market power, and we're trying to get the average traders more access. they say that the climates have thiess $3,000, you could -- at least $3,000 you could possibly make these reservations. stuart: that's exercising collective market power. you might get the right price, and that's a good thing. all right, susan, thanks very much. another big with hour coming up for you. we have on this show today ric grenell, dana perino is with us and so is -- [laughter] the man with the opinions, steve hilltop. we'll be back. you can spend your life in boxing or any other business,

.. and there's nothing down there with you but the choice that will define you. do you stay down? or. do you find, somewhere deep inside of you, the resilience to get up. ♪♪ [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ ♪♪ ♪♪

the press conference was full of misinformation. >> the man is stomping all over wealth creation and upward mobility. anybody who wants to become wealthy, cutting them off at the knees. >> the virus is losing its grip because of natural immunity and because our vaccination campaign is working. >> the column before the surge. the economy reopening of all the stimulus money in the economy. >> never know if the dip is just the dip or the beginning

of something tremendous. i'm not a hater. ♪♪ here i am ♪♪ here i am ♪♪ signed sealed delivered ♪♪ i'm yours ♪♪ stuart: still looks quiet on new york sixth avenue. activity picking up a little it but i stressed the words just a little. 11:00 eastern time, friday march 20 sixth and i see green, the dow is up 150, nasdaq up 30. the 10 year treasury yield coming in right now at one.66% slightly. now this. the people are way out front of the politicians, the people are way out front of democrat politicians. we have had a week of spring and in much of the country the weather has improved and we are

getting out and about, socializing, shopping in stores. i rarely agree with anything in the washington post but i agree with this headline. the coronavirus is not over but it's psychological grip on the united states has weekend. i think that is an understatement. i think the virus has lost its grip. they are grabbing it with both hands. it is democrat governors who are fighting a desperate rearguard action to keep us cooped up and restricted. new york, california, new jersey, they worry that if they open up they will get a spike in cases even though that has not happened in fully wide open texas. my judgment of the national mood is this, get out of the way, we are vaccinating millions a day, we are very close to this heard immunity. we are fed up with being told to restrict our everyday lives. we are busting to get out.

this is a wonderful thing. it speaks volumes about americans intense desire to live their lives as they see fit. this is not europe. top-down control. we are positive, not negative. we are loosening the straps on the masks and you can see people smile. i'm looking forward to another great weekend of liberty. the third hour of "varney and company" is about to begin. let's bring in rick grenell, former acting director of national intelligence, he is with us now, i say americans demand their freedom, is that how you see america?

>> i wish you were right. here is my dilemma. when i hear what you are saying that americans want to grab their liberty, americans want their freedom i'm frustrated because i don't see enough americans demanding their freedom and demanding they be able to live their lives. we have a lot of democratic governors working hard to shame people into closing their businesses and i don't find people like democratic politicians who have consistently gotten a paycheck throughout the entire covid shutdown telling other people that they should close their business. i don't find that to be nice or humane. i don't think you are taking care of people but they have been able to turn this around into a situation where they are the ones who are sympathetic, they are the ones who are

helping people and i think quite the opposite is true. i don't think they are helping people. it's not brave to get a paycheck while you tell others to shut down and use their businesses. i hope more people will stand up to governors. a tremendous problem because out of 50 states we are still number 50 in terms of opening up. stuart: why don't you run for governor of california? >> we have a system in california where the democrats control everything, they are counting the ballots. we just heard from nancy pelosi's daughter yesterday that the democrats are actually going to make a decision right before the recall qualifies on whether or not gavin should step down. if they see that he has a chance of losing in the democrats lose their grip on

california christine pelosi has announced they are going to make sure gavin newsom steps down in the recall falls apart. we have to change the system. it is a long-term fight, not as sexy as people think a quick recall is but when i have been saying consistently for a long time is we have a bunch of parents in california who are really frustrated with zoom school over your, gavin newsom has lied about that, he said he is experiencing the trials and tribulations of zoom school but he had his kids in private school in person learning since last fall and that is a scandal that should be highlighted when we have politicians brazenly lie like that but i can tell you minority parents in california are finished with the democratic party. we see it every single day. it is a scandal where they are forced to go to government schools, they are forced to not

have paychecks because the businesses have been shutdown and i think we've got to flip the script in california, republicans need to be about freedom and democracy and will choice and all these issues that will bring a change into the system. i'm looking at the long-term impact, not as sexy as a recall campaign but i'm not convinced we can't ignore the long-term fight because i do believe california can be a red state. i believe californians are fed up with the current system, the corrupt system of one party will in sacrament. stuart: they should listen to you. i am glad you are on the show and told the audience what you think. thanks for joining us, good to see you again soon. what stock is attracted a great

deal of attention over the past 6 to 8 weeks? game stop, top left-hand corner of your screen up another 7%, $200 a share. it is appropriate to bring in andrew left who joins us right now. you are going to start publishing your list of short positions again, going public with what you shorted. didn't that get you into trouble with game stop a couple months ago? >> didn't get me in trouble. i will start publishing short positions, i've been on your show many times, game stop, if you own it, their financials two days ago. the company is not lying, they are not doing great but for that reason that is what it is.

stuart: robin hood talking about a way to get ordinary folks into ipos, coming along with new injuries and technologies which are you interested in that? >> i will give you a stock for your viewers that will combine a few of those things. the first idea is how do you buy something cheaper than the big guys by it? ipos have the same access so i own a stock called root insurance, probably the most heavily shorted stock on the exchange even if it is not on your list when i side on tv. things like 50% shorted. stocks, $13, $14. the biggest names on wall street and silicon valley put money in this company, $27, only 6 months ago. and they have good technology but i look at that stock and how could investors invest a better price and at the same

time technology in front of them were things might be behind you and the company does good for america as root insurance so i like that stock. stuart: i know you sometimes dabble in the long route. >> it goes quickly over $20. stuart: okay. i'm going to leave it but i am short of time. come back and see us again soon. we will keep focusing on it. susan, however, is not looking specifically at root but at square and paypowell. >> they were higher today maybe because they were stabilizing and has $120 million worth of bitcoin and they buy and sell and hold bitcoin so there might

be stabilization. snowflake outperformed $311 from these current levels. talking about short positions, downgraded to sell this morning by wells fargo. we know viacom cbs is down 40% the past week. they lost a quarter of their value wednesday. >> the main problem with viacom cbs? >> a lot of people think it has been the short squeeze meaning read it and retail traders piled in to get the stock to spite and profittaking, stock is down, in the past trading sessions. >> 40% in a week.

that is volatility. now this. ashley is about to make his appearance. pandemic winners, sales up 12% in the last year and not just the risked -- the rich who are buying them. ashley is on that boat. we have that report in a moment. the news conference didn't stop him from getting very confused. watch this. >> you got the right code for your credit card. what was your dog's name? okay. hang on. sorry. stuart: dana perino was the white house press secretary under george w. bush. what did she think the president's performance? i will ask her because she is on the show next.

♪♪

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change the best way to get something done if it is near and dear to you that you like to be able -- anyway. we are going to get a lot done. when i was united states senator -- vice president -- giving too long unanswered? if you don't want to the detail. i don't know how much detail you want about immigration. where am i here? let's see.

stuart: that is a little painful, just a few of the moments when president biden stumbled in his first news conference yesterday. dana perino, white house press secretary under george w. bush. good to see you. okay. my first reaction to the president's press conference was he looked tired, confused and that made me a little anxious about the president of the united states. what say you? >> his people were on television last night and today saying he did a fantastic job. for me i felt like joe biden needed to do fine yesterday and fine was good enough and that is what he did. i know there are things you can pick apart and there were moments when is he going to get to the point here, his answers on immigration were not that good. he came to life when talking

about voting rights and the filibuster. i don't think you will see many of these press conferences and part of the reason is if they look at the objective they are trying to achieve they are meeting those goals without doing press conferences but i don't think you will see a lot of these going forward. stuart: when you took the podium with george w. bush and booked over the white house press corps i bet you saw something very different from what we saw in the east room of the white house. it was all women, almost all women and when you look at it was men. >> there were a few more women when i was press secretary, the majority were men and when i was a little kid, these pictures are horrible. when i was a little kid i loved watching the press conferences but anybody in the media or who worked in the white house it

was men. that is the way it wasn't watching the press conference yesterday i asked peter doocy about that and he noticed it and there were three mail reporters in the room. women made remarkable strides and i asked some tough questions on immigration, been to the border and talked to migrants and had interaction with a child that affected her. stuart: in a moment i will show the audience you and i with sean hannity years ago. >> the best segments. stuart: it was fun. before we get there i will talk about your book, the title is everything will be okay, life lessons for young women from a former young woman. what is the best career advice you have ever been given? >> probably came from president george w. bush when i was trying to make the transition from white house to the private sector and i side up with a pr

firm. he asked why don't i start my own business, i had all these reasons i shouldn't and he wasn't persuaded by that and said you have to ask yourself what is the worst thing that can happen and be honest about that, the worst thing. your telling me the worst thing is you don't succeed at have to work for another pr firm? that would be a terrible thing? i took the leap and it was great advice but my favorite advice, there's lots of it, too much advice, lots to say but choosing to be loved and making a commitment to a life partner is not a career limiting decision anyway. stuart: i have to read the book so i can understand that point. that is interesting. >> a lot of people put off marriage because they think i got to get my career set first but if you meet somebody and fall in love take the chance

and your career will be enhanced by that going forward. stuart: i know your husband. he is an englishman. >> he doesn't have the accent you do. stuart: you know me well. and you know anything but posh. >> to say you have a posh accent. stuart: it is. on the left-hand side of the screen that is me 12 years ago, 2013. >> those were great segments. you miss those days? >> this is the longest i have ever had a job or been in one place. i love fox news, foxbusiness. i love how we have grown as a company, the digital offerings we have now and being yourself and lifelong friends like you. it has been a special time, they gave me the room and a lot of encouragement to write the book which i appreciate as well. stuart: you are star watching

every night on the five and come back and see us soon. great book. >> find out how ashley get these assignments at the yard. i want to know what his secret is. stuart: he bribes me, simple as that. you know how i respond to money. great stuff, see you again real soon. let's get to ashley. boat sales are booming in america and there is ashley webster himself. he is at the palm beach international boat show. the event is live this year, not virtual. how much is the boat you are on right now? >> reporter: you have a posh voice. thank you very much, this is great news by the way. this particular boat is the x 95 princess, it goes for mere $13.9 million and comes with the proviso.

whoever buys it, i am not moving from this spot. as you just said sales are booming. if you want to know how much despite the pandemic, $47 billion. how about that? that was a 13 year high, 310,000 powerboats were sold last year, any boat powered by an engine. here we are at the palm beach international boat show. two crews, chris and heather on another boat, the why 85 princess, they will show you the gadgets on that and the rest of the show. i want to bring in the sales director for palm beach international boat show. come on in, sales are booming. >> it has been proven to be one

of the safest things to do during the pandemic for families. >> is that the reason we were in the golf tournament on another assignment recently? golf sales equip it has gone up. we know that rv sales have gone through the roof and boat sales are up. >> -- an entire week. ashley: is there anything here more reasonable? >> it ranges, the products range from 10,000 all the way to 70 million. ashley: what do i get for 10,000? >> you can get a jetski for 10,000. ashley: i don't think so. i want the hot stuff. 240 feet long, $70 million. they won't let us on board.

i will try to speak up. we will be here all day. stuart: you will probably doing friday feedback at the end of the show from that jacuzzi. ashley: not moving. stuart: here is what we have got. the new study that revealed adults gained an average of 2 pounds a month in quarantine, one jim wants to get people back in shape for free but there is a small catch which we will tell you what it is coming up. airlines, travel companies pushing for vaccine passports. documents that prove you got the jab. steve hilton thinks that is a terrible idea. he is angry again and is on the show next. ♪♪ ♪♪ got to take my mind off of you ♪♪

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♪ limu emu & doug ♪ hey limu! [ squawks ] how great is it that we get to tell everybody how liberty mutual customizes your car insurance so you only pay for what you need? i mean it... oh, sorry... [ laughter ] woops! [ laughter ] good evening! meow! nope. oh... what? i'm an emu! ah ha ha. no, buddy! buddy, it's a filter! only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ stuart: we are flying again. look at that. way more than 1 million passengers went through tsa checkpoints yesterday was more than 1 million have been flying every day since march 11th. grady trimble is at o'hare in chicago.

what are the airlines doing? >> they are adding new flight whether it is new destinations entirely or flights they had to trim down because they want demands during the pandemic. they are back on the schedule was all the major airlines announcing new routes. the latest to do so was united. here's a map that gives you an idea where they expect people to go this summer. they expect leisure travel boom, popular summer destinations like the south, florida, georgia, south carolina, the mountain west, montana will be a popular destination and one of my favorite places to visit portland, maine and the reason this is happening is a lot of more people are getting vaccinated. 87 million americans are fully vaccinated and the third of adult americans are between jabs. that gives an idea of the people getting comfortable. the anecdote from people at

o'hare this morning, i talked to a gentleman who flew from new york city, i haven't seen my elderly parents in your, i am vaccinated, they are vaccinated so we feel comfortable getting together in celebrating passover together, that is a sample of what we are hearing from passengers here. one thing that hasn't been worked out is the thing we hear a lot about when we talk about travel. the vaccine passport. airlines want the federal government to start that process but doesn't look like anything will be done anytime soon in terms of digital passports to prove you have been vaccinated. international flights coming back adding 100%, and on planes again, some for the first time in a year.

stuart: thanks, the vaccination passport, in britain you may be required to show the vaccine passport just to go to the pub. you are totally against the idea of vaccine passports. you are angry about this. make your case. >> let's start where we left it. they are telling us, it is safe to go on the aircraft. they put in filters that make it completely safe, and what is the point of this? no point and it is totally pointless from a health perspective other than what has been driving so many decisions all along which is to increase the power of the government bureaucracy and big business

bureaucracy at the start of the pandemic. the thing we have to watch out for is at the end of this you will see a big government takeover, big business take over and big bureaucracy take over. that comes together in this monstrosity of the idea, the vaccine passport. what are they talking about, contracting ibm to do health records that every single citizen, what could go wrong with that? such a bad idea i can't believe it is being entertained for a second. we've got to fight it. it is a massive intrusion into our freedom and huge risks to privacy and everything else we hold dear. stuart: can use the the day coming when you can't walk into the office, can't walk into a cinema without proof of vaccination? not necessarily a vaccine passport but certainly proof i got the jab, let me in. i can see that coming.

>> i totally agree with you. that is why we need to raise the alarm and fight back against it. employers who insist on it, other businesses who insist on it have no grounds for it. if we accept what we have been told all along about heard immunity, transmissibility, risk of the virus, we are constantly told to follow the science and follow the data. what is the point of all of this. stuart: you are ignoring liability. you get this proof of vaccination to get into the office, the owner, the employer of that office needs to be secure, that you go to work, and if you gave employers and airlines liability protection you might not need the vaccine passport. >> that is what the government

should be doing here rather than encouraging this move towards big bureaucratic orwellian nightmare and it is exactly right. we have to fight back and the government should be leading the charge. instead it is part of the problem. stuart: last week on the program you said very dramatically kids under 16 should not be allowed to have a smart phone. that was a tsunami of major proportions. what reaction did you get? >> a lot of reaction from parents who say this can happen. that illustrates the point i am making. there is not a parent out there who wants their child to have uncontrolled access to the internet in the form of smart phones. they are happy for their child to have an old-fashioned phone to keep in touch to send texts, no problem with that.

the smart phone, access to the internet and terrible things children can get particularly the violent upon the children of all ages are now seeing on a daily basis. parents don't want that. what they need is if a child asks for it instead of having to say your friend has a phone so you have to have a phone that is the dilemma parents are in. if there was a social norm children don't have smart phones it makes it easier for parents to enforce what they want to do. this is a way to help parents do the right thing for their families. stuart: the man makes a headline every single week. we ought to watch his show. it is called the next revolution and it is on sunday night on fox news. thanks for being with us. we told you about krispy kreme giving away free doughnuts to anyone who has got me jab. if you are feeling guilty about the donuts we've got you

covered. there is a gym giving away free memberships to vaccinated people. tell you all about it after this. ♪♪ physical physical ♪♪ i want to get physical ♪♪ let's get physical ♪♪ ♪♪ lately, it's been hard to think about the future. but thinking about the future, is human nature. at edward jones, our 19,000 financial advisors create personalized investment strategies to help you get back to your future. edward jones. ♪ mom and dad left costa rica, 1971. dad was a bus driver at the chicago transit authority. mom expressed herself through her food.

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stuart: we have one analytics firm that says air b&b homes for short-term rentals supply doubled in the last four years. there are 5 million active listings on air b&b, more than the combined 3.3 million units offered by marriott, hilton and iag. how about air b&b's start, up a fraction at $177 a share. retro fitness has a new offer

to attract members, prove you have the vaccine and you join for free. let's bring the ceo, let's see a 5 got this right, andrew. i got the jab, show you i got the jab and walk into any of your gyms and work out for free immediately, can i do that? >> i love your virus is losing its grip, we completely agree and we wanted to inspire and incentivize not just current members but new members who lost their way as released on their fitness journey but no enrollment, no commitment, we want to help people get healthy and live their healthiest life. we thought this was something to inspire people, incentivize them and others follow as well. stuart: during the pandemic a lot of people went out and got

exercise bikes at home. i don't know whether they will come back to the gym. you tell me what has been the response now that the pandemic is winding down and gyms are opening up again, are you jampacked full? >> depends on the state. every state has different restrictions, florida which has been open recognize health was essential and gyms and health codes have been open since last may but you have new york and new jersey with restrictions, new york is 33% if you can imagine that despite how beneficial exercise is for physical and mental health, they are going from 10:00 to 11:00 as if the virus could tell time. it has been a phenomenal response, up 20% year to date and just this past month up to 50% across the system.

coming out of this with all the leaking out there. people recognize exercise is medicine, health clubs have become an extension of healthcare and are essential. stuart: do they mention that? we had this study, 42% of adults in america gained an average of 29 pounds since the pandemic started. did they say that when they walk in? i gained some weight in the pandemic, get it off me, is that what they are saying? >> not specifically but we are seeing that. i saw the studies, 15 pounds, recently they came out and said 20 pounds on average. if you can imagine that. the virus will be behind us but the real epidemic is every year, not just this year, every year 300,000 people die due to obesity-related causes. i spoke to a number of governors, i challenge all governors that if you have to

start emphasizing and create an exercise, health and fitness campaign or awareness campaign in your state, if you have when it is breaking through the clutter. you get people back to the health clubs and retro fitness much more than just a gym but healthy cooking. stuart: governors in new york, new jersey, the pandemic is winding down. thank you for joining us, best of luck on your health crusade. stay there, everybody because friday feedback is next. might make your dog famous. we will be back. ♪♪ can't get enough of you baby ♪♪ can't get enough of you baby ♪♪ 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

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excuse me ma'am, did you know that liberty mutual customizes your car insurance so you only pay for what you need? thank you! hey, hey, no, no, no limu, no limu! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪♪ living in america ♪♪ stuart: okay. you are looking at the outside of the foxbusiness and fox news headquarters in new york city. it will be 75 degrees in new york today. not nearly as nice as where ashley is on palm beach in a boat and susan is with us as well. >> not a jacuzzi.

stuart: definitely not. steve hilton's comments were spot on, developing smartphone apps aimed at kids is no different than the joe camel cigarette ads that made the smoking look cool to get kids and get them hooked. i don't know how to respond to that. do you think smart phones should be banned for kids under 16? >> know. i would want a smart phone if i was under 16. that is how technology works. it is a connected world. i don't want to be left out but it is like smoking as well, a digitization, social media, smartphone addiction. stuart: don't think we are in favor of banning smart phones for kids under 16. mickey jackson rights this week as per your request about what is wrong with your show i would ask what have you done with lauren simonetti, please bring

her back posthaste. she is on maternity leave. she will come back at some point. the lovely child she has, come back as soon as possible. gill and linda hodges want to know, you get away on friday after almost every show and do you go more often to naples, florida or your farm in upstate, new york? the answer is my farm in upstate, new york. you are on your boat right there. what is your travel plan for the weekend? ashley: i go to the beach, 75, a little chilly in new york this weekend and i hang out with my wife and dog. it is a good life. >> i can't even take -- i am so jealous. how do you get the time? teach me please. stuart: you are not answering the question is a. what do you do on weekends? >> i am stuck at home with a

cat watching netflix. stuart: you got a cast? i didn't know that. >> i would like that. stuart: connie thompson says i know you bought microsoft again after you sold some. is it too late to jump in? i am not going to answer that. susan will answer that. is it too late to jump into microsoft? >> goldman sachs says you could get something above $300. you could make a lot of money. stuart: direct straightforward, very good. this one is for you. we feel your british politeness is showing through. we would like to see a little more anger and outrage at some of the stories you report on. you want to see more increase

do? i don't think so. ashley, respond to it. ashley: i was having that thought myself, you have kind of mellowed out. i remember back in the day when you use to get really upset. during commercial breaks, a script thrown away, now you've turned into a much kinder, gentler stuart varney. i don't know. i tend to agree with our viewers. stuart: you want to see more anger from me? >> we don't get enough. i think people don't give you enough credit. at 72, doing 3 hours a day of programming 5 days a week, that is hard for somebody even my age but for somebody like you to carry this week after week i find it incredible. stuart: somebody as old as you, how do you do it? >> can't give you a compliment,

can i? just can't take one. stuart: a few are in television and have a public image, never ever this and to the compliments, never ever because you start believing them and that is a fatal mistake. we've got time for this. this is from mark french. he says our golden retriever how we is an unapologetic capitalist and big fan of "varney and company". we live in texas. the warmth of spring begins, she has moved her morning viewing out to the patio, it is like clockwork. that is how he watching, that is you and i right there. good stuff. i want to see your cat. does your cat watch us on tv? >> i don't have a cat but i will get one in the future.

something to think about. stuart: get one as a prop or something. ashley, you've got to get your dog to watch. out of time, sorry about that, thanks to everybody who sent in their comments, keep it going please. varney viewers, foxbusiness.com. there will be more fox business coming up. ♪♪ anything you need you've got it ♪♪ anything at all ♪♪

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♪ stuart: i really can't believe that susan li told us she had a

cat who watched the show, and then she said i don't have a cat who does not watch the show. have you ever owned a cat? susan: no, but i would like to one day. would you? stuart: are you going to get one for next week so we can see it? susan: i'll think about it. stuart: gotcha. [laughter] time is up, but neil is right here and, sir, it's yours. neil: got to get a dog. cat thing, just get a dog. they're more loyal. all right, stuart -- stuart: they are. neil: thank you very much. they are, right. we've got a lot going on, all the major indices are up, but we'll have a better idea a few hours from if now. in the meantime, much of the attention is being focused on what is happening right now with the virus. in britain emergency powers in effect now for another 60 days, in france talk about restrictions that could go into

effect there.