tv Varney Company FOX Business March 30, 2021 9:00am-12:00pm EDT
9:00 am
output goal up from 2 billion doses and also revealing projected sales expected to hit 11 and a half billion dollars. thank you, dagen mcdowell and a shayna. great to see you both. >> great to see you. maria: have a great day. "varney & co." begins right now. take it away, stu. stuart: good morning. talk about a scare, top official at the cdc gets emotional, goes off script and so she has a quote recurring feeling of impending doom. then the president urges all state officials to go back to the mask mandate, media chimes in with headlines about a surge. we are just getting back to something like normal and the authorities tell us to go backwards because we are doomed. hold on, doomed? isn't that a little strong? we have vaccinated two
9:01 am
out of three seniors, they are now immune, death rates have fallen and so has the number of possible relations. you lose credibility when you tell us we are doomed. the president loses credibility when he insists we all go back to mandatory mask wearing to stop the spread, but he's allowed in thousands of migrants who have the virus. his border policy is a virus spreader and at texas would drop the mask mandate nearly three weeks ago saw its caseload fall with an unhealthy boast of politics, simply put republican states allowed us to make our own choices and that's been successful. they are going forward and democratic states want to go backwards, mask, restrictions, keep control. my opinion, we are not doomed, vaccines work and we're coming out of this and once again we the people are way out front of our leaders. tuesday, march 30, "varney & co." is about
9:02 am
to begin. ♪♪ stuart: that is one of the great guitar riffs of all time. that is rambling man by the allman the brothers. susan: i love how they scripted for you now. [laughter] stuart: they have to, but i knew that one. the markets, a bit of ready, dow jones off about 30 odd points, nasdaq down about 80. that's the early going free market quote. 10 year treasury, coach, now you know why the nasdaq is down. the yield on the 10 years backup to a 14 month high if not an actual 14 month high,
9:03 am
1.75%. that's a problem for the nasdaq. bitcoin climbing off the coast to $60000 per coin and getting more mainstream. paypal the latest to get on board. we have more on that moment. first, back to the big fund a blowup as it rippled through the market yesterday clobbering stocks like viacom cbs and some of the big banks, j.p. morgan predicts the damage from the archegos firesale will cost investment bank millions and millions, so susan, i guess here come the regulators. susan: i am getting a lot of calls and when it comes to regulation yes with financial instability and oversight council and other agency officials scheduled to meet wednesday anyway to discuss hedge funds, so imagine they will also talk about this archegos blowup. here's the problem, it's not the guy or archegos
9:04 am
and its family office, it's about what the investment being sedated. goldman sachs, morgan stanley knew with a group meeting of the prime brokers including morgan stanley and goldman sachs-- goldman sachs and the like in a new bill and archegos were in trouble, but instead of these investment banks did was started liquidating ahead of everyone else's dumping shares friday so goldman and morgan will come out a bit better than everyone else as they already started selling first and that's why stocks are down 30% friday. the ones left holding the bag, they were the ones selling last. they will be feeling a lot of pain from this. stuart: no wonder you got some calls and people are angry here to get out first, save your own neck. if you are last, you lose big-time. susan: also brings up the question about goldman and
9:05 am
morgan and how they treat their clients because you are dumping shares to clients and knowing there are more block trades to come in the price will go down further so what is that say about the client relationship? you are dumping stocks under them knowing the price will fall further from their. stuart: its eruptions within the wall street community, but not really a parent to those outside the community. susan: j.p. morgan says it will cost investment banks $5 billion in the fact wells fargo was caught up with surprising and also has reputational risks for wells fargo. they are not big investment bank, they are more retail and loans for the average people, but it adds to the fake scandal of the fake accounts given for wells fargo so i guess this is a wider reach a. stuart: wells fargo never really recovered from the fake account scandal of a couple years ago now they are kind of nudged into this as well in the stock off $38 a on wells fargo, taking it
9:06 am
on the chin again. now, check features, please secured still red ink especially nasdaq. one of the big issues of this morning, cdc talk about impending doom. president demands a return in all states to the mask mandate. are reopening of the economy seems to be a little threatened. david nicholas market watch of the morning, and. what he telling your clients to do at this stage of the reopening of the economy? >> the markets have gone sideways the last couple weeks and markets are battling interest rates, taxes and battling unknown policy out of the biden administration so it's tough for the s&p to break above 4000 and stay there so we are saying there will be volatility but use it to your advantage, use it as buying opportunities. take boeing for example,
9:07 am
we scooped up but we had about $235 a share in its trading at over 250 today, but it only traded at 212-- 235 for about an hour so i tell clients to be patient and ready with your list available to buy quality companies which can be a good discount when markets are volatile, but i think we will be in someone of the sideways channel for the next quarter. stuart: on the screen now, you might not see it, but we have apple at $120 a share. it's been meandering around that level for a long time, nowhere near its high. are you encouraging your people to put some money into apple on this dip for apple? >> so apple is a name we like, full disclosure we own apple. we did by recently on a pullback, so if that says anything about where my thoughts are, yeah, look at a name like apple, strong balance sheets. we may not see the robust growth in the short term, but long
9:08 am
growth is good and you're getting it at a better price today then about a month or two ago. stuart: here comes the infrastructure package, give me a stock that will take advantage of this whopping infrastructure package, one-stop that you would buy because of that package. >> i will give you a name, uri, united rentals, construction rental companies. they will rent out their equipment for construction so that's a name i like that can take advantage of the current infrastructure potential package. stuart: uri, after remember it. stay right there. uri, by the way is down 1.6%, maybe that's a buying opportunity. back to paypal launching a crypto currency checkout feature. does that mean i could use a bitcoin two paper things? susan: the question for you is, will you ever do that? paypal announced it will allow us consumers to use crypto currency that
9:09 am
they have their paypal account to pay for things online at e-commerce sites and that's a big boost for crypto currency becoming like a real currency like a us dollar in everyday transactions, so customers that have bitcoin cash or light coin in their paypal digital wallets will be able to convert it into currency at checkout to make purchases and will be available to 29 million merchants in the coming months. the important part here because unlike tesla where you pay with bitcoin and the company keeps it in bitcoin, the coin another crypto is converted into cash in these transactions so the questions i have over this new crypto while it, what are the rates uncharged in the conversion and also the transaction fees, because other places it's like two, six even 13%. stuart: eu probe-- reported that , when you have a transaction is five, six or maybe even $7 per transaction a.
9:10 am
susan: coring others goes by percentage so if you use it to buy a large item, it adds up quickly. stuart: back to david, are you in bitcoin, will you buy some bitcoin? it's not a dip, but are you buying any? >> not at these levels, but i like it buying it at dip, so if i get get it 45 below 50000 i would be a buyer, but bitcoin is here to stay. you have to buy it on dips. stuart: trouble is, that's what everyone says i wouldn't bite at these prices and then you get a minor leave dip it is gone and you miss it. amount of time, but we you-- we take your point on uri and apple and billing. thank you. to want to give you the latest on housing market , this is extraordinary home prices a surge, 11.1% year-over-year, january
9:11 am
of this you're compared to january of last year up 11.1%. that's a move. it's the biggest annual gain since 2014. checking futures, still some red ink especially the nasdaq because the 10 year treasury yield is up 1.75. san diego sending teachers to the border to provide in-person learning for migrants, but we minute, their own students are still online only. public-school parents are mad as hell. of the biden administration talking about vaccine passports, some republicans strongly against guided. rowlett tape. >> completely unacceptable to impose upon you the requirement. i think this is something that has huge privacy implications. stuart: we will talk about that coming up, button next to the president once mask mandates put back in place.
9:12 am
we will talk about that next. ♪♪ ♪♪ with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;) before voltaren arthritis pain gel, my husband would have been on the sidelines. but not anymore! an alternative to pills voltaren is the first full prescription strength non-steroidal anti-inflammatory gel to target pain directly at the source for powerful arthritis pain relief. voltaren. the joy of movement. ♪ you've got the looks ♪ ♪ let's make lots of money ♪
9:13 am
9:15 am
want to save hundreds on your wireless bill? with xfinity mobile, you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network? sure thing! and with fast, nationwide 5g included - at no extra cost? we've got you covered. so join the carrier rated #1 in customer satisfaction... ...and learn how much you can save at xfinitymobile.com/mysavings. (announcer) back pain hurts. you can spend thousands and still not get relief. now there's aerotrainer by golo. you can stretch and strengthen your core, relieve back pain, and tone your entire body.
9:16 am
(man) and you're stretching your lower back on there. there is no better feeling. (announcer) do planks for maximum core and total body conditioning. (woman) aerotrainer makes me want to work out. look at me. it works, 100%. (announcer) find out more at aerotrainer.com. that's aerotrainer.com. stuart: some red ink on the left-hand side of your screen, nasdaq down 71. big tech probably not doing that well if the nasdaq is not doing well with apple around $120 a share in the only winner off of that, that would be google up a fraction $2040 per share. lollygagging, going nowhere. down this, susan. the president says any adult who wants a vaccine can get one by when?
9:17 am
susan: april 19 for the vast majority. stuart: that's my son's birthday susan: market on the calendar. you don't have to wait till may 1. president biden said he would have vaccines available to all americans and also announcing he's directing his administration to ensure there's a vaccine site within 5 miles of 90% of the american publishing by the same day and new york state says anyone over the age of 16 get a vaccine starting next week and if you are over the age of 30, today you can get the shot. biden is concerned some states are opening up too early. still, if you look at the statistics-- he's rolling his eyes, 75% of americans over the age of 65 already have at least one dose. stuart: that's wonderful stuff and i think that's great. susan: we see more people on the streets. stuart: they say we are doomed, susan. a doomed to? susan: that was a little much.
9:18 am
stuart: president biden urges all states to get back to the mask mandates and, by the way, posit reopening's. dr. marty makary is with us again this morning. i'm trying to make this almost humorous, but it's not. do you support the president is doing and what the cdc is doing? >> stuart, i think there are two entirely different things, reopening and wearing mask in indoor public settings are two entirely different policies and i think it's good to continue to wear a mask specifically indoor public gatherings , not beaches and parks, but opening restrictions is different. we should allow businesses to make their own decisions or could they can restrict on their ventilation and other factors, so i think that's the way we should proceed. stuart: do you think we are doomed? >> no. the cdc stern warning yesterday sort of is playing on fear to encourage people to take
9:19 am
this seriously and get backs-- vaccinated. i think we can take it seriously and encourage everyone to get vaccinated and be optimistic. the idea that somehow the deaths and hospitalizations will bounce back up as we relax a little bit, it's not like a stock price. it doesn't just bounce back up and the reason is it now when you get together about every other person has immunity into so you can't have the same degree of super spreader risk today that we had back in the fall, as they are suggesting with two comments. stuart: i believe the recent uptick, i don't think a surge in in new cases, it's an uptick in mostly in younger people under the age of 50 and they are not getting as sick as the people before, so it's not a surge race bike. >> that's right. we have an increase in expanding infection rate among those tend to 19. young people are last in the vaccine line and are
9:20 am
we surprised the virus will circulate their through same may, it could continue to circulate among young people. young people tend to be asymptomatic feeling fine, they don't get tested or they have mounted disease, vast majority of the time. stuart: doctor, great to have you with us and we are delighted to say we don't think we are doomed. thank you, dr. marty makary. the governor of florida, ron desantis is a speaking out against vaccine passports. batiste? susan: he's banning vaccine passports in the state to prevent businesses from refusing to serve customers who are unable to provide documentation of vaccination. listen up. >> is completely unacceptable for even the government or the private sector to impose upon you the requirement that you show proof of vaccine to simply be able to participate in
9:21 am
normal society. you want the fox to guard the hen house? i mean, give me a break. it has huge privacy implications. it's not necessary to do. susan: what do you think of that? so, he says they should coordinate the efforts between private and public and the government, obviously, private copies of the government should work together. stuart: if i have, vaccine passports to go see my son in new zealand and my son in australia, i will get the passport without any problems. i will repeal my medical history of that's what you want i will do it to get the passport. susan: i agree, but what about going to a bar to watch a sports game or going to work to provide occupation that says i have been vaccinated to get in pure do you think that's overreach and does it reach the first amendment rights a? stuart: i do. i think it's a bit of an overreach that the idea you walk into a
9:22 am
restaurant and flasher vaccine passport, i mean, i just don't see it for everyday life, but maybe for a plane where you want to encourage the feeling that it's a safe environment. susan: how else do you expect to get the economy back up and running 100% like it was a year ago if you don't provide documentation saying i can give you coronavirus and i can't get so it's totally safe? stuart: i understand it's a problem. the people who want the vaccine passport can get it without any problem, i see it. not really answering the question. susan: no tickets a tough debate. stuart: here's my bottom line, vaccine passports are coming whether they are accepted in florida or not, they are coming. susan: i don't think it's overreach if it gets the economy running, but again i'm a capitalist. stuart: our viewers are reassured that susan is a capitalist. checking futures, not
9:27 am
stuart: well, well, well, look who's here this tuesday morning, march 30. there he is. i'm going to take you on about uber. what's going on with that then? you have recommended it for ever and $53 a share. it was over 68 couple of weeks ago. what's the problem, mike? >> good morning. it was also 26, we need to point out, but there has been some selling in the name, some selling a lot of the high growth, high tech names which is fine and creates opportunity. uber is a name that's innovating, a name that has the covid tailwind behind that as the economy reopens. you will see more uber drivers on the street. you will see uber figuring out different ways to generate revenue
9:28 am
, not just from uber eats, but a lot of other things they will do soon, so i'm still on the record for saying uber is not $100 stock, not $150 stock, this is a company that will have a 500 billion-dollar market capital at some point. stuart: let me share something purely anecdotal. some of the producers that live in manhattan and try to get an uber to come to the studio in the morning, they can't get an uber as easily and quickly as they used to because drivers are staying on the unemployment pay and not going back to work, so that is something of a problem for uber in the short run, but i want to move on to apple. $120 a share in its been bouncing around the level for a long time. you like it. you own it. why isn't it going up? >> well, they don't always go up all the time. apple had a huge run from these levels, 120
9:29 am
to the one-- 140s and then pulled back, so this is the time where you don't want people watching the program at home to be chasing the high flyers because a lot of times they will correct. i went to look for opportunities on pullbacks for people and this is the same drum i have been beating since i met you. it's worked over the last five or six years and it will continue to work. apple is a great love story as long as it's intact. people want to buy apple on any pullbacks. stuart: i worry about sales figures coming out of china in the future. i just wonder about that. michael murphy, thank you for joining us. we will see you again soon. in a 30 seconds we start treating this tuesday morning. i think one of the big obstacles that will pop up throughout the day is the yield on the-- on the 10 year treasury. earlier this morning we got to 1.75%.
9:30 am
that doesn't sound like much, but it's an uptick in the yield and is bad news for technology companies, 14 month high and it's also bad news for mortgages. they are already back about 3% and with the tenure at 1.75 you can expect a higher 30 year fixed rate mortgage coming. here we go when we are off. dow jones opened on the downside. there is the dow 30 and they have opened in the vast majority are in the red. dow jones down 50. look at the level, 33127 we have had a 17 dow jones records thus far this year, and we are close to it now peer s&p is down a quarter of 1%. nasdaq is down a bit more, down about 24%, not a huge selloff. looking at big tent, all with the exception of google are down, not a huge loss, but big tech
9:31 am
is down. look at tesla. we have to cover this thing virtually every day. they just dropped below $600 a share a few minutes ago, bouncing back to 603, but the word is is they are on a hiring spree. who are they hiring and for which jobs? susan: battery cell production and recruiting aggressively at the texas factory with 52 jobs advertised so far. austin is where it tesla and elon musk will build a new cyber truck model. production will start the backup of this year and they are looking to manufacture their own battery cells for the first time which elon musk hopes to ramp up production for all its models. tweeting: demand is not the problem in his view but sell supply makes it hard to scale the semitruck and this will be less onerous dear. the battery-- i guess the made cost of electric cars it either
9:32 am
increases or decreases the price of electric and people say if you can decrease it in the future the price of a battery and make it as long charging essay gas powered, that's how you bring electric cars on par with gas combustion engine cars. stuart: i take my hat off to the god, he's a manufacturing genius anyone who can build a world competing car company making those cars is brilliant. susan: he didn't start tesla, but he's the one that has turned it around. it was just a roadster car until he came along and it's now a powerhouse. stuart: genius. let's move onto gamestop 184's the price, up about 2%. they just hired executive from amazon. susan: it's a big deal because it shows the transition from bricks and mortar to digital online is taking hold and that's why the stock is up. new technology executive is coming in, elliott
9:33 am
wilkes the new chief growth officer. he spent nearly seven years at amazon. he will oversee growth strategy and marketing and gamestop, badly needed. they are naming former chewie.com. executive in this goes back to brian, chewie ceo and founder who now owns 15% of gamestop in this executive andrea wolf coming into lead brand development and merchandising respectively. wall street likes it. stuart: let's see the company perform. susan: what do you think of this cracks up 3%, that's performance stuart: relax, relax. wetzel got violent attack. let's look at bion tech , pfizer's partner and now the stock is up nearly 5%. it says they will manufacture two and a half billion, with a b,
9:34 am
billion doses of the vaccine by the end of the year. meanwhile, canada is positing the use of astrazeneca's vaccine for people under 55. germany has positive for people under 60 with the concerns that astrazeneca's vaccine might be linked to blood clots, might. dow jones winners, goldman sachs heads the list. they are up-to-date. susan: there are questions about whether or not goldman sachs and morgan stanley got ahead of everyone else with the archegos because people knew there were problems with archegos. stuart: their investors want them to get ahead of the selling. susan: it will have a limited impact on the blowout. stuart: boeing is up as well. s&p 500 winners, lay them out. i don't know them. susan: discovery, look at that. stuart: i know discovery. let's just leave it at that.
9:35 am
susan: part of that margin call and the forced liquidation friday so the fact that it's coming back. stuart: is that the the discovery channel? susan: guess. stuart: i watch that. nasdaq winners, headed by baidu, marriott hotel susan: they are insulated, the market obviously insulated from that 30 billion-dollar family office that's all the talk on wall street. baidu was one of the bad traits, liquidation, discovery and also morgan stanley, goldman sachs all coming back today. stuart: was the story with american? susan: american airlines and the other airlines the fact that we have more vaccinations rolled out is good for travel to maybe recover, but also an upgrade from jefferies saying american
9:36 am
airlines worth $25 in their view. there's still outside. american announced capacity will be back to my 45%. stuart: $25? susan: 10%. if we can move onto google also getting an upgrade called a byword $2350. more than 10% upside in this name because of the recovery and advertising revenue. roku up almost 2% premarket this morning. it's called a by, 367. it's done really well, or than doubled over the past 52 weeks because people are stuck at home for billions of hours streaming. i think it was a 15 billion to end last year. stuart: about six months from now, we should get back some of these analysts essay this stock is going there and justify where it went. susan: you have doubts about roku getting to 367?
9:37 am
stuart: you do not? susan: streaming is here to stay. susan: viacom cbs upgraded to neutral. look at the stocks caught up in the $30 billion archegos blowup. smartly they raise $3 billion cash, but they raised it at $80 and remember yesterday with the block trade to sold-out 45, so if i bought it at 80 i would be a little upset now that it's out 45. stuart: to put it mildly. checking the big board, down 68 points, 33100. here's a sticking point, 1.75% is the yield on the 10 year treasury, 14 month high. price of gold is well below $1700 an ounce. it's not an inflation indicator these days, it's just not. bitcoin $59600 per coin.
9:38 am
price of oil holding a $60 a barrel. price of gasoline $2.86 a gallon, national average and not by the way is up 85 cents a gallon from march 30, 2020. it's a reopening, is about to hit a dead end? listen to what the cdc director is saying to roll up tape going to pause here and lose the script and reflect on the recurring feeling i have of impending doom. stuart: impending doom? strong staff. spring is here and i say there is really knowing going back. we have the discussion for you in a moment. larry kudlow says biden's economic agenda is just another quote bomb cropped on the american working class. larry will join us to explain it all after this.
9:40 am
and when they found a way to face it. for some, this is where their keytruda story begins. keytruda - a breakthrough immunotherapy that may treat certain cancers. one of those cancers is advanced nonsquamous, non-small cell lung cancer where keytruda is approved to be used with certain chemotherapies as your first treatment if you do not have an abnormal “egfr” or “alk” gene. keytruda helps your immune system fight cancer but can also cause your immune system to attack healthy parts of your body. this can happen during or after treatment and may be severe and lead to death. see your doctor right away if you have cough, shortness of breath, chest pain, diarrhea, severe stomach pain or tenderness, severe nausea or vomiting, headache, light sensitivity, eye problems, irregular heartbeat, extreme tiredness, constipation, dizziness or fainting, changes in appetite, thirst, or urine, confusion or memory problems, muscle pain or weakness, fever, rash, itching, or flushing. these are not all the possible side effects. tell your doctor about all your medical conditions, including immune system problems, or if you've had an organ transplant, had or plan to have a stem cell transplant,
9:41 am
or have had radiation to your chest area or a nervous system condition. today, keytruda is fda-approved to treat 16 types of advanced cancer. and is being studied in hundreds of clinical trials exploring ways to treat even more types of cancer. it's tru. keytruda from merck. see the different types of cancer keytruda is approved to treat at keytruda.com, and ask your doctor if keytruda can be part of your story.
9:43 am
stuart: not a lot of the price movement except in the nasdaq, which is down 100 points because the yield on the tenure is 1.75. show me apple. i think it just dropped, guess it did $119 a share. wait a minute, the stock is down and they have an announcement. susan: looks like they will have their annual developers conference taking place june the seventh. late last year, this is still a virtual event. it's a newcomer apple typically unveils san ipad, maybe un- apple watch, apple tv. they sometimes launch based cheaper iphone like they did last year, not the flagship 12 we
9:44 am
get in the fall when we have launch events. you don't think this is a big deal? stuart: this announcement is not a big doll-- dia. is down $2. susan: it's up to dollars, okay. stuart: down, down, down. susan: here's the thing with the worldwide developers conference, koppel is not just hardware device maker, it has software which is where they congregate the developers together. it's a big deal. stuart: i had to get to one of those worldwide app store developers. susan: maybe it doesn't work for you. stuart: let's get serious, and major push to re- appeal the 10 top-- 10000 dollars limit on state and local tax. senator schumer reportedly leading the charge to repeal. look who's here, larry kudlow himself. you know, this is what richard democrats want more than anything else,
9:45 am
this is chaotic-- pay off for voting and the biden administration, pay us back with that packs cut for rich democratic donors could do you get my point? is going to happen. >> i don't know that it's going to happen. it might happen, but you are correct it's a payoff to big blue state democrats, wealthy democrats. it's so hypocritical, obviously. a democrats say, well, we had too many tax cuts for the rich, the rich don't pay their fair share so they are going to roll out a crazy 3 trillion-dollar tax hike which will decimate the economy next year and in the years ahead if it cuts through. on the same time they will put in for their donors so a few states like new york and new jersey and california may-- maybe illinois candidate doug state local taxes. this is terrible tax policy and we should keep the salt deduction
9:46 am
and just lower marginal tax rates for everyone across the board. the salt thing, why should federal taxpayers in the midwest or the far west where the sunbelt have to finance the excessive spending and taxing of new york state new jersey and california? makes no sense at all. stuart: there's all these tax increases proposals, state taxes , income taxes, corporate taxes, you name it. they want a tax hike. i don't think the administration will get it all, but if he gets any of its come i think the most likely increase is in the corporate tax rate and the top rate for individuals. that's what i think we will get. what to say you? >> look, again i don't know how this outcome will be. there will be tremendous republican opposition to that, i mean, we had mark meadows former chief of staff on
9:47 am
yesterday talking about this. there's a whole new coalition group, mark short who is the vice president, mike pence top staff guy, there will be tremendous opposition. mitch mcconnell said he will propose this up so we will see what the outcome is. let's take the corporate tax rate, turns out the corporate tax rate biggest benefits went to middle income people, typical family of four got eight 6500-dollar increase after-tax in family income, that's massive. that was pre-pandemic obviously in 2018 and 2019. now, china will have a lower corporate tax rate than the united states. china is at 25 and we are now 21. we should go to 15. you are benefited to 28, guess what companies, factories will move offshore. it's exactly the stuff we did not want. how about doubling the capital gains tax?
9:48 am
its anti- investment. they save-- democrats are saying we need hired taxes to finance whatever, 3 trillion-dollar infrastructure built and to so forth, well the infrastructure built will be less about infrastructure than it will be about the green new deal to abolish fossil fuel energies which would be a calamity and a second, it's an excuse to tax the rich. we are talking class warfare, not growth, left, left, progressive movement and doesn't care about economic growth. day have an ideology of redistribution of income , go after tax cuts. it's right after carl marx. i was there when he finished that book in 1867 and i told him not to do it that his numbers were no good and he ignored me completely and it's probably become the world's greatest seller, certainly among left-wing people.
9:49 am
in all seriousness, who would raise taxes $3 trillion, who would make us less competitive in the name of taxing the rich, all this is is a socialist ideology and its failed wherever it's been put in place and i think it can be stopped. identified democrats in the house and senate who really don't like this. stuart: i hope so. they don't care if the poor get poorer so long as the rich get poorer. margaret thatcher, dead right. they just hate the rich. larry, i'm out of time. >> is an socialist run out of other people's money. remember that, even socialists run out of other people's money. [laughter] stuart: thank you. we will be watching you this afternoon 4:00 p.m. eastern on fox business took an op-ed "wall street journal", some of the former president's biggest critics are finding it hard to quit him. bill mcgurn wrote that saying democrats need
9:50 am
trump. you will explain next hour. new data shows over 30% of homes as of last month went for over the asking price. now that's a housing boom. full report coming up next. ♪♪ ♪♪ seeing blood when you brush or floss can be a sign of early gum damage. new parodontax active gum repair kills plaque bacteria at the gum line to help keep the gum seal tight. new parodontax active gum repair toothpaste.
9:52 am
[ sigh ] not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. ♪ ♪ the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call... for fifteen hundred dollars off your kohler walk-in bath.
9:53 am
visit kohlerwalkinbath.com for more info. (announcer) back pain hurts, and it's frustrating. you can spend thousands on drugs, doctors, devices, and mattresses, and still not get relief. now there's aerotrainer by golo, the ergonomically correct exercise breakthrough that cradles your body so you can stretch and strengthen your core, relieve back pain, and tone your entire body. since i've been using the aerotrainer, my back pain is gone. when you're stretching your lower back on there, there is no better feeling. (announcer) do pelvic tilts for perfect abs and to strengthen your back. do planks for maximum core and total body conditioning. (woman) aerotrainer makes me want to work out. look at me, it works 100%. (announcer) think it'll break on you? think again! even a jeep can't burst it. give the aerotrainer a shot. pain and stress is the only thing you have to lose. get it and get it now. your body will thank you. (announcer) find out more at aerotrainer.com.
9:54 am
that's aerotrainer.com. stuart: here is the source of all of our problems, the yield on the 10 year treasury at 1.74% in a moment ago it was at 1.76. that is a problem for big tech. when yields go up big tech goes down. the only winner amongst a big tech stock is off the bat, google. they got an upgrade and that's why they are up. the rest of them are down big-time. if you want to see the city asked this or exodus from the city. when then look no further than the chicago suburbs where grady trimble is. i bet home prices are surging where you are are they.
9:55 am
this house is the perfect example to the owners build it for themselves but because the market is so hot they are considering entertaining offers. julia is a realtor here in chicago took home prices across the country up 11.1% year-over-year according to data from this morning. what are you seeing in chicago? >> chicago home prices are up. a lot of multiple offers situations, cash offers, a lot over asking price. i know you said it's up like 11% across the country. i think the last two weeks even higher than the last month. reporter: we should point out the data is from january, so that would make sense. obviously this is a housing boom especially when from downtown areas into the suburbs where people can have more space. is this pricing out younger buyers who may not have as much money? >> yes, anyone under 20%
9:56 am
down is struggling to get a house and normally if you can put down 3% that's great, but right now it's hard to compete with 20% down. ipad buyers with 50% down, so it's hard to compete and it's a struggle for younger buyers for mac we should point out that the hardest market, phoenix, seattle and san diego. stuart: no prizes their there. thank you, grady. still ahead, big show in the second and third hour, bill mcgurn, brian kilmeade, sandra smith, laura logan are all in the second hour of "varney & co.", which comes up next. ♪♪ ♪♪ . . .
9:57 am
[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?
9:58 am
9:59 am
re-entering data that employees could enter themselves? that's why i get up in the morning! i have a secret method for remembering all my hr passwords. my boss doesn't remember approving my time off. let's just... find that email. the old way of doing business slows everyone down. with paycom, employees enter and manage their own hr data in one easy-to-use software. visit paycom.com for a free demo.
10:00 am
♪. stuart: yes, "here comes the sun." it will be a sunny day in new york today. very appropriate to play the beatles. here comes the sun. it has been a long and lonely winter. susan: i can tell. stuart: all right. everyone, 10:00 east coast time. let's get to your money. the outstanding future on the market, stock market thus far is the decline in the nasdaq? because of this, the yield on the 10-year treasury, 14-month high. currently 1.74. moments ago it was 1.76, 1.77. that hurts big tech.
10:01 am
look at it go down. amazon, microsoft, apple, all on the downside. look at apple, 119 per share. bitcoin, it is going the other way, $59,585 per coin. that is the latest we have. very close to 60 grand. we got latest reading what have we got, consumer confidence. what have you got? susan: blowout? stuart: really? susan: 96.7 much higher than economists were calling for 9.9 in february. looking big reinflation in consumer confidence. i think you can thank the stimulus checks. vaccine rollout. this solidifies the fact that the u.s. economy is on pace for a huge reopening and recovery, right? goldman sachs says we might grow 10% this quarter. stuart: i wonder what happens to confidence that we're told when we're all doomed? susan: not hurting confidence right now.
10:02 am
stuart: runs counter, does it not? right now the most important point on the market, minus 100 on the nasdaq because of the treasury yield. and now this. no wonder parents are angry. the san diego convention center illegal migrant children are about to get in-person learning from volunteer teachers. at the same time almost all of the 130,000 students in san diego's public schools, they have been forced into remote learning for the last year. they got zoom school. 700 youngsters now in the convention center, the local educational authority says their in-person education is their responsibility. they are flying in teachers as they speak. they will stay at least until july. in-person learning for illegals. zoom school for taxpayers. come on. step back a minute, please. it is indeed a very good thing to help out children in dire straits, no contest. and we all know, anecdotally
10:03 am
ourselves we know teachers who are fine and dedicated people. goes without saying. but the pandemic has thrown a spotlight on to our public schools and on to the teachers union and they are not looking good. it is hard to justify in-person learning for illegals while denying it to the children of tax paying locals. so often it seems the schools have been turned into centers it of social activism. learninging to he read and write takes a back seat to politics. when union leader randi winegarten rejects the cdc's science of social distance you know they're not interested in getting back to the classroom. they should take notice. they should listen to the parents. they are voting with their feet. that is what the parents are doing. public school enrollment falling in many places. private education, religious education, is booming. look at this, from emily diaz, the parent of a san diego public school student. we agree every child deserves an
10:04 am
in-person education but why are tax paying students put last? if this is humanitarian issue, then who is rescuing san diego unified students because our leaders have failed them. emily diaz is right. the second hour of "varney & company" is about to begin. ♪ stuart: he is here. bill mcgurn is back. i hope he was listening to what i had to say in my editorial. the public schools, i mean, they're reputation and their performance have been shot during this pandemic. what say you? >> yeah. agree entirely. you were too soft on them. this is outrageous. the, what people are finally seeing something you and i have talked about for years. the public school system doesn't represent the best interests of public school students.
10:05 am
that has just been brought out in the open by covid. i believe today they're having talks in boston about reopening, when they might reopen the public schools and catholic schools have been open the whole time. so we have an entire school system funded by the government, backed by the teachers union, that is not responsive to the needs of students. it is responsive to the needs of teachers first. then you have this disparity, people seeing my kids stuck at home and someone that is come in illegally is going to get a full-time teacher, in person. it makes no sense. i shunt say it doesn't make any sense. it makes perfect sense in the system we have now which is structured for teachers and not for kids. stuart: right. the that should not, i don't think will stand. i think change is coming. i want to talk to you, bill, about your op-ed. the title is, all trump's codependents, some of the former president's biggest critics are
10:06 am
finding it hard to quit him. in other words are you saying the democrats need trump? >> not just the democrats. lots of people need trump. they're not finding a post-trump world that congenial. look at joe biden, just said about a month ago, six weeks ago, you know i'm tired of talking about donald trump but all he does is talk about donald trump. i mean in his press conference he made this outrageous accusation that donald trump has let children starve on the other side of the border. it is just crazy. he is obsessed. i believe he mentioned his name more than 10 times and referred to him as my predecessor and other references. he is not the only one. look at andrew cuomo. the post-trump america has not been kind to him. before he had a "new york times" best-seller and an emmy. now he is under several investigations. there is no trump to point to. trump was a good foil. i think he still serves as a foil because if you look at
10:07 am
nancy pelosi, you know, her call for 9/11 commission, it is kind of to demonize the opposition as equivalent of al qaeda or something, to distract from the very radical bernie sanders agenda they're pushing through. stuart: i think trump will come back. he is talking about getting a new platform of his own. there is a limit to how long he will be quiet. he has been fairly quiet for three or four months. that is not, that will come to an end fairly soon. i wonder what the democrats do when he comes back into the public arena more forcefully. bill mcgurn, great column. see you soon. >> thanks, stuart. stuart: we're checking the markets because we have a downside move here. the dow is off 100. nasdaq is off 106. there you go. scott shellady is with us. i'm dying to hear what you're going to say. we're opening up but the cdc director warns of impending doom. president biden says we have to get back to mask wearing, all
10:08 am
the places, all the states. have at it. i can't wait to hear what you got to say. go ahead. >> first of all, did you expect her to say anything else? burn the mask. have a great spring break? that would not happen. we shouldn't be surprised. number two, she said feeling about impending doom. maybe the knicks will win the nba championship, but i don't care about both of those things i want the facts. the facts are the virus discriminates. 95% of the deaths age 50 and over. we should deal with that. another thing i mentioned on the show a while back how we had this psychological clank in this country. last time we systematically behaved differently was world war ii. if you were afraid of world war ii back in 1945, it was immoral. in the 75 intervening years if you're not afraid of the virus, it's immoral. so that is one of the big problems. so now listen to this, we did
10:09 am
not get rid of food rationing after world war ii in england until 1951. stuart: that is true. >> six years after the war is over. stuart: yep. >> as you can imagine, what if we have another war? what if there is another flair up someplace. what if, what if. are you hearing same things i'm hearing here? what if we have a new variant? what if we have a new breakout? we'll have the lockdowns in some form or another. the lockdown tool is out of the box. the march 4th, the guardian ran a headline in england, we'll have lockdowns to fight climate control. we'll use lockdowns to fight a bunch of things in the future. stuart: i didn't know that. i am familiar with the guardian. it's a left-wing newspaper. i was not aware they're calling for climate change lockdowns every two years. >> yes. stuart: i did say i can't wait to hear what you got to say. i could have waited on the guardian headline, i got to tell
10:10 am
you that. the point is, scott, we are opening up. you can't turn back. you might want to scare us with this kind of statement but we're not turning back. we're just not. >> right. quickly to that point, the reason why in 1951 they stopped the rationing, world war ii rationing in england was, there was a generation of people had five years of no reason to ration. they got sick of it. i think americans will get a lot sick of it sooner. that is the deal. i can feel it. in chicago i feel it. we're opening up, go ahead. we'll take control of our own out comes. stuart: by the way, one of my earliest memories is the ration card in england when i was a little boy. >> i bought an old one as an antique. i have one too. stuart: really? i will buy it off you. scott shellady, you are all right. we sir, we'll see you again real soon. we look forward to it. thanks, scott. back to the market. susan is following big movers, gamestop what have we got?
10:11 am
>> check in on gamestop, as i mentioned to you, they're poaching a seven-year amazon executive as its new chief growth officer. they're nabbing two chew which.com executives coming in. taking hold of to on line from bricks and mortar. how many times can you roll your eyes at me in two hours. one, to, three, five. stuart: every time you mention executive change at gamestop it's a big deal. i roll my eyes. >> stock reflective of that. don't roll your eyes it is up 3%. this is turn around for gamestop. talk about paypal is the other big company story that we need to focus, they're introducing this crypto check out which allows millions of users about crypto and ether in their wallets to convert cash to buy stuff online. draftkings, sports betting company. sports betting content company
10:12 am
for undisclosed amount. 1 1/2% move. wwe exclusive deal. let's check in on the travel stocks. because they are flying today. with more vaccines being doled out available to 90% of americans by april 19th. maybe we get back to travel being like we used to. without a vaccine pass. stuart: i'm waiting for the tsa numbers. we got sundays, 1.5 million which is highest since march of last year. susan: yeah. stuart: i want to see two mondays. i'm sure we're getting them soon. susan: weekends are probably bigger than the weekdays. stuart: here is easter. i thought people would fly early to get where they want to go for the easter weekend. i will get the numbers for you as soon as we can. got it. that big announcement that vice president harris was in charge of the border crisis was apparently some confusion. roll tape. >> of course the vice president of the united states will be helping lead that effort, specifically the root causes, not the border. there is some confusion over that.
10:13 am
stuart: oh, peter doocy is at the white house breaking down the confusion for us. he will join us shortly. new york state set to legalize recreational marijuana. it is not the only state making pot a priority. we'll tell you which of the other states are. rutgers becoming the first school in the country to require on-campus students be vaccinated. could purdue be next? i will ask the president of purdue. his name is mitch daniels. great guy. i will ask him after this. ♪. ♪ ♪ we made usaa insurance for veterans like martin. when a hailstorm hit, he needed his insurance to get it done right, right away. usaa. what you're made of, we're made for. usaa
10:16 am
keeping your oysters business growing usaa. what you're made of, we're made for. has you swamped. you need to hire. i need indeed indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventy-five-dollar credit when you post your first job at indeed.com/promo (announcer) back pain hurts. you can spend thousands and still not get relief. now there's aerotrainer by golo. you can stretch and strengthen your core, relieve back pain, and tone your entire body.
10:17 am
(man) and you're stretching your lower back on there. there is no better feeling. (announcer) do planks for maximum core and total body conditioning. (woman) aerotrainer makes me want to work out. look at me. it works, 100%. (announcer) find out more at aerotrainer.com. that's aerotrainer.com. ♪. stuart: red ink, not that bad. the dow has come back from a
10:18 am
minus 100 to a minus 75. the nasdaq has come back from a minus 110 i think it was to a minus 87. look at netflix, down three bucks at 510. they plan to achieve net zero greenhouse gas emissions by next year. that is netflix. rutgers university is the first in the nation to require all on-campus students to be vaccinated. lydia hu is there. you spoke to students there. what are they telling you, lydia? reporter: hey there, stuart, seems like most students are in agreement and support this vaccine mandate in order for them to return to on campus classes in the fall the president of the rutgers university student assembly issued a statement about the policy. vaccines are the key to bringing you our diverse community back and goes on to say this is the
10:19 am
right move. student-run paper ran an op-ed that generally supported this policy and allows exceptions is for religious or health reasons. one recent graduate has reservations to the vaccine. he had been planning to enroll in a graduate program that would have started this fall. now he is says he is planning to defer enrollment because he doesn't want to be forced to take his courses virtually online. listen. >> this definitely has become a stigma around the kids that opt to stay home out of their own concerns for their health rather than the students that will be on campus vaccinated. reporter: now, we should also mention that that former student and perspective graduate student, mr. lesko has a seat on the town of the spottswood,
10:20 am
new jersey. look at this. currently the state of new jersey rankses 20th in the nation for having roughly vaccinated 16 1/2% of the population. governor phil murphy set a goal to vaccinate 70% by july. here is part of this analysis and consideration. listen to this. >> we can't have mandates unless we make available the vaccine. so we have to provide access. international students who might not have had access to moderna, pfizer, johnson & johnson need to have clinics available to them. reporter: rutgers university says it has been approved to started a ministering the vaccine to students and faculty and staff but they don't yet have the supply. so they're telling students, hey, go ahead get the vaccine through other means as soon as you are eligible. contrast though, stuart, to notre dame which just set forth a policy about encouraging students to get vaccine as well.
10:21 am
but they have the supply pfizer vaccine, enough for all of their students. they're starting a rollout there, different policies, different approaches by the various institutions we're seeing. stuart: well-said. absolutely right. lydia hu. thank you, lydia. let's bring in mitch daniels now president of purdue university. we remember your days as governor, days in the united states senate. we remember your days as a leading republican. welcome back. good to see you again. >> thank you, stuart. stuart: rutgers says if i want to come back on campus you have to have the vaccine. what are you saying at purdue? >> we haven't made the decision yet. our state law requires vaccinations, measles, for example, of all public university students. we did require with those exceptions lydia mentioned a flu vaccine last year. frankly i think there is a good chance we can make it a moot point. first of all we expect to
10:22 am
receive our first supplies as early as this friday but no later than next week. we are all geared up here. stuart, we, unlike rutgers, most large universities, we were mostly residential all year. a big majority of our classes were largely or entirely in person. we have proven to be a very effective system for protecting the health of people already. we're going to use that system to vaccinate people. we expect we can do at least 2500 shots a day of the pfizer vaccine and our goal is to have a vast majority of our students vaccinated by us before they leave for the summer. stuart: is there a subheadline here? and that would be liability insurance? because after all i don't think the government of any state has given vaccine liability protection to people like universities and factories and office buildings. so are you a little worried if
10:23 am
you don't require vaccination, and you allow people to go in, they get the virus and then they sue, that is a concern for you, isn't it? >> it could be. happy to tell you that the indiana general assembly is very far along in, what i think every state should do and that is protect businesses and other institutions against predatory lawsuits but if we decided this was the right thing for the safety of our students and our community, we would do it and take any risk that might remain, assuming that law passes. it might be, it might be a limited risk in this state. stuart: one quick thing, sir, the university experience for me was terrific. a lot of interaction, interchange with my fellow students. you would sit around all night drinking beer and talking politics. can you do the same, absent the beer, can you do the same at purdue over the last few months that you have been open?
10:24 am
>> not 100% but we, closer as far as we know than any school our size. we have thousands of student events, meetings and other, other student sponsored meetings during this last year. we've always put safety first but we have found that it was impossible. we think it is very important. as you just said if the rest deng experience has to add material value, if people are going to continue paying the prices that higher ed is asking these days, as opposed to try to achieve the same learning in some virtual mode. stuart: mitch daniels, great to see you again. come see us anytime you would like. >> i would love that. stuart: thank you, sir, appreciate it. next, we told you about, here is a real change of subject, how
10:25 am
about this, we told you about these satan shoes. nike is speaking out about them through their lawyers. we've got the update for you. president biden urging governors like greg abbott in texas to bring back the mask mandates. roll it. >> please, this is not politics. reinstate the mandate if you let it down. stuart: texas congressman pat fallon has something to say about that and he is here and he's next. ♪.
10:26 am
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 ;) - as the original host of wheel of fortune, i was blessed to be part of building one of the greatest game shows in history.
10:27 am
during that time, we handed out millions of dollars to thousands of contestants. i thought, what if we paid the contestants their winnings and gold instead of cash and prizes? back in 1976, we had a wonderful contestant named lee whose three-day winnings were valued at $12,850. and you know what? that was a pretty big haul back in 1976. so i wonder, what would have happened if lee had put $12,850 in cash and then put $12,850 in gold in a safe, just sitting there side-by-side from 1976 until now. well, i went back and i ran the numbers and what i found was amazing. we all know that $12,850 in cash would still be sitting there but it would be worth a whole lot less than it was in 1976. but that $12,850 in gold, safely stored away, it's worth $135,000 as of the taping of this commercial. now that's more than 10 times the original amount.
10:28 am
- [narrator] if you've bought gold in the past or would like to learn more about why physical gold should be an important part of your portfolio, pick up the phone and call to receive the complete guide to buying gold which we'll provide you important, never seen before facts and information you should know about making gold, silver and platinum purchases. for faster wealth protection, request a digital version of our complete information kit which will be emailed for faster delivery. you can also receive a copy of our new us gold report for 2021. inside, you'll find the top 25 reasons why you need to start owning gold today. - with nearly two decades in business, over a billion dollars in transactions and more than a half a million clients worldwide, us money reserve is one of the most dependable gold distributors in america.
10:29 am
stuart: white house pros l press secretary jen psaki says there is on confusion over the role of vice president harris at border. come on in peter doocy. what is this so-called confusion, peter? reporter: last week sounded like they were making kamala harris the czar type figure, all things versus immigration crisis. now we're hearing her role is tailored to diplomatic outreach
10:30 am
to the triangle countries and mexico. we're getting more information exactly what the admin strange wants her to do, what they don't want her to do ahead of a trip to the region to stop the surge of migrants. >> she is focused on addressing root causes in the region. travel i would expect would be there, at the border around expediting processing at the border, opening shelters and insuring we're moving kids out of border patrol facilities. that is under the purview of the department of homeland security and hhs. reporter: but as the biden white house argues spending money will improve the northern triangle countries to the point that people will want to stop leaving critics are charging they will keep coming anyway. because they think biden administration policies are too inviting. >> send them back if they are keeping coming. i never seen so many incentives for illegal immigration as i see today. if you're 16 and younger we make
10:31 am
sure you never leave the country. if you have a family member here illegally we'll pay to reunite the family illegally. that incentivises more illegal immigration. reporter: yet another way we're finding out that the vice president's role concerning immigration is different than it sounded last week, there will be a big briefing, bipartisan briefing for lawmakers about the immigration issues tomorrow. they will hear from the dhs secretary and hhs secretary. i was told a little while ago the vice president will not be involved, stuart. stuart: you know, peter any day now you're going to get to ask a direct question to the president of the united states, any day now. don't hold your breath. any day now. reporter: i get to ask a lot. i have to use my outside voice even if we're inside. he doesn't always get to it. stuart: you're a good man, peter. see you soon. congressman pat fallon, republican from the great state of texas. you are now in mcallen, texas.
10:32 am
give your explanation, it looks to me from a distance like it's a truly open border. is it? >> you know, stuart, it is great to join you, absolutely, i was horrified yesterday by what i saw. i was sick to my stomach. we were at the donna holding facility which is designed to hold 250 people and had 4377 folks in there. 3700 unaccompanied minors. they're stacked like sardines. no one had been tested for covid whatsoever. they put them in these pods, separated generally speaking by age and certainly by gender. they're supposed to be 32 kids in a pod. there were 500. it is absolutely open border. it is an act abject failure. joe biden needs to get down here himself. stuart: you're a texan. a republican congressman from the great tate of texas. president biden wants texas and other states to go back to a mask mandate. what do you say to that? >> i say that, well, first of all i think i will make up
10:33 am
t-shirts deplorable neanderthal. i will give you one in you like. it is ridiculous. we're watching hospitalizations in texas, for the last 10 weeks. every day they go down. vaccinations are obviously going up. no one is saying in texas you can't wear a mask if you want to. we have to trust our own people. at the end of the day, either social distancing and hand sanitizer work or they don't. stuart: well, at this moment we've got an open border as you describe it and we're letting people walk in untested and some have been tested and they are covid positive. so just as the president says you got to get back to wear being masks to stop the spread, we're invited people in who will spread it. that is a contradiction. 30 seconds, congressman. >> joe biden took the great policies of president trump and
10:34 am
put them in the waste bin. he better go in the waste bin to take them out. if you halt border construction, make it easier for people to get welfare benefits and blaze of citizenship for millions of people you will get hundred of thousands or millions of people. nearly everybody yesterday was from central america. there are 34 1/2 million people in honduras, guatemala, self-self-and there is unlimited supply. we have to secure the border. stuart: impossible situation. thank you, congressman. >> thank you, stuart. stuart: reading on the prompter here, quite interesting. investigation strokes there has been a accidental leak of information and has revealed, their new name. it is not volkswagen any longer. i don't know what it is. but ash will tell us. good morning, ash. tell us the name. reporter: good morning, stu. volts wagon, it is reference to electricity. the german automaker confirming
10:35 am
its push into electric vehicles by changing its name permanently. comes after yesterday's release of that partial press statement that announced rebranding but that statement was quickly removed from its website leaving people wondering if it was a joke, a marketing ploy, april the 1st is just around the corner, so on. now we know it's true but it should be noted that new name, voltswagen will not appear on gasoline powered cars kind of makes sense, does it not? it is permanently changing the its name about the evs. stuart: tell me about the satan shoes released by the rapper, lil nas x. she is laughing but i think i got it right. what is nike saying about this. >> the devil is in the details, ha-ha. nike is suing the street wear company, mschf, who released the
10:36 am
rapper's controversial satan shows out of nike air max 97s. that is the problem. nike claimed trademark infringement and filed a lawsuit with the eastern district of new york. the limited edition shoes feature a drop of human blood in the soles and satanic symbols, with another 666 pairs, another devil reference, causing 18018 shoes, sold out within seconds. it coincides with the rapper's latest video. blah, blah. nike said consumer deception and unlawful use of its iconic swoosh logo. there you go. it ends up in court. stuart: they don't like satan shoes. basically pretty simple. ashley: no. susan: you're familiar with lil nas x, right? stuart: i got the pronounciation, don't laugh about it. one california high school
10:37 am
10:41 am
stuart: dow jones industrial average is down only 36 points. the nasdaq is down only 78. that is a comeback for both of them where they were before. can you show me virgin atlantic please. virgin galactic. okay. sir richard branson, that is his space company. it is unveiled the first images of their next generation spacecraft. there it is, right-hand side of the screen. looks pretty cool but it is not -- helping the stock a little bit, 18 cents.
10:42 am
29 bucks a share. virgin galactic holdings. new york set to be a growing list of states set to legalize recreational marijuana. laura engle, what exactly will pot legalization mean for new york state? fell it out. reporter: it will mean a lot of things. good morning to you. the bill wouldn't make pot legal for recreational use right away. if and when it is expected to approve, it is expected to happen today, it will mean a lot of green for the state of new york, we mean that in a lot of different ways. new york would join 14 other states and the district of columbia, allowing the sale of legalized recreational pot to those 21 and over. new york lawmakers say the sales wouldn't start for at least 18 months. the legislation could bring the state $350 million annually in tax dollars through the proposed licensing, taxation system which would set a 9% sales tax on
10:43 am
cannabis plus additional 4% tax split between the county and local government. in addition to tax revenue, proponents say legalized marijuana sales could create 30 to 60,000 new jobs across the state t will also help to balance racial injustices, something criminal defense attorneys here say is long overdue. >> despite the fact that people use marijuana at equal rates across races it is people of color that are arrested and convicted and so, when you legalize marijuana it is important to go back to repair that past harm. reporter: still there, are many who oppose the plan including some in law enforcement, school and community advocates who issued an open letter march 11th, saying in part, we are in the midst of the covid-19 pandemic and with a serious crisis of use of vaping, the continuing opioid epidemic this harmful legislation is now counterintuitive. now both the new york state assembly and senate are expected
10:44 am
to vote on this later today. we'll let you know how it goes. stuart? stuart: laura, thank you very much indeed. let's check back in the markets. we don't have a great deal of price movement at this moment for none of the exchanges but susan is following up on that archegos blow up yesterday. the fallout today? susan: looking at banks a built of recovery for the goldman sacks, wells fargos, morgan stanleys of the world. recovering from the 30 billion-dollar fallout. viacom cbs discovery, baidu, tencent music, these are stocks names caught up in the 30 billion-dollar loss, the forced liquidation of that family fund. there is a lot of fingerpointing on wall street, monday morning quarterbacking pointing at goldman sachs and morgan stanley who got ahead of everybody else, started forced selling on friday. viacom and discovery were both down 30%.
10:45 am
people were scratching their heads, thinking what is going on here? the reason goldman, morgan stanley got ahead of everybody else because they had this meeting on thursday. all the investment banks were involved. they knew bill hwang and arcky carky goes was in trouble. he didn't have the money to fund the trades. goldman got ahead of everybody else to tell the mon on wall street. on the flipside, selling to clients knowing a still a ton of stock out there to be sold. they knew prices were going down. there is questions, about the behavior, how they treat their clients. if they had inside information beforehand because they had that meeting and got ahead of everybody else. there is a lot of questions, what the fall out is after this blowup. stuart: rightly so, too, the way it works out was, you get out first and win. susan: right. stuart: get out last and lose big. susan: right. so morgan stanley, gold man saks insulated.
10:46 am
credit suisse nomura, not sew lucky. stuart: very interesting. internal stuff there. democrats and the president biden outraged by georgia's new lech unshun law. they say it is the jim crow of the 21st century. brian kilmeade is going to be here. he will take it on. he is fired up about this one. he is coming up after this. ♪.
10:49 am
(woman) i don't want to look like this anymore. (man) what is happening to my body? (woman) why can't i lose weight? (announcer) you may be suffering from insulin resistance. measure your waist. females measuring more than 35 inches and males measuring more than 40 inches may have insulin resistance. to learn how to reverse insulin resistance and lose weight effectively, go online to golo.com. once again, that's golo.com.
10:50 am
stuart: there were pandemic winners, teledoc, plug. they were big winners. they fell hard since january. can you explain the fall? susan: if you look at the 10-year treasury yield, that kind of explains it, right, the rotation into value. plug power, peloton, teledoc, are lot of them are technology names. if you think about it, not just tech where the rotation has come out of. we're looking at a watchmaker also coming off their 52-week highs. also tupperware brands. stuart: tupperware? susan: down 37%. stuart: i remember them. susan: still use them? stuart: didn't they used to have
10:51 am
tupperware parties? susan: yes. stuart: held them in suburban homes. i have no idea. it has been a while. susan: what i'm saying is, money has gone into value. money has come out of not just tech names. stuart: look, almost 10:351. you know what 10 :51 means. it is brian kilmeade. it is 10:51 officially and brian kilmeade miraculously appears on the screen. i want to talk about georgia's new voting law. the democrats call it racist. president says it is jim crowe of the 21st century. break it down. what do you say, brian. >> it is not. for the first time governor kemp is defining it. they are terrible communicators over in georgia. these republicans went out allowed mail-in voting. want you to have a voter i.d. for some reason that adds up to jim crow. voter i.d., jim crow. 750% of the country want voter i.d. that is not an unpopular move. when you talk about drop boxes they never had them before the pandemic. got to be in every county.
10:52 am
big counties there will be more than one. on top thatch they say the whole thing water in line, a misdemeanor if you give somebody water in line. the reality, they don't want election earring, people walking up with subway sandwiches, big mike sandwiches, how are you doing, i'm from the biden camp. maybe you want hundred. guess who can give water. people at presents. there will be repressurements there, making water illegal for african-americans because lines are usually longer is not the case. they want to look at dysfunctional areas that are having voting, have voting areas to cast your ballot. they say this is not working. now the state has the ability to overturn that leadership and get effective leadership in. so we're not hung up in certain counties and we're not counting forever. there is a sense of closing the polls early is because they can get some tallies early. but i think the opening up another hour or two would make
10:53 am
sense. guys, people like us, we wouldn't be able to vote because we don't get home by 5:00 on a lot of days that would be an issue. so that i could see having some flexibility with. but the point was, when they have the runoffs, don't make it such a wide gap, so it is a non-stop election season. to me this is common sense. if you make it jim crow that helps you pass hr 1 which is in the washington hopper, that would revolutionize how we vote to me in a bad way. stuart: not good. i'm with you on this one, brian. i want to bring up the w.h.o. report on the origins of covid. that report leaked says it came from animals, not from a lab. are you fired up about this? do you think that the w.h.o. is covering up the real virus origin? >> we had jimmy who worked for the clinton administration, advisor to the w.h.o. on the radio show about a month ago. so we've been kind of staying in touch. he was on "60 minutes" last
10:54 am
night, excuse me on sunday night if you missed it. he is so incensed no one seems to care that the w.h.o. sent up a committee to go into china to find out how it was done but china decided where they would go, what they would see, provided a lot of data for their report. dr. marty makary we hung up last segment says it is not worth the paper it is written on. jamie says this is total whitewash. we still don't know. what is most important not to point fingers on the professor or the lab or the bat. it is to stop the next one f you're note going to be candid how this one started that killed over a million people, including 550,000 americans, why do we think they will ever be candid? why are we the only nation outraged by it? why isn't everyone in western europe incensed throughout the middle east? my goodness in brazil, they might not survive this to be the same country. where is the outrage? it is china's money and their
10:55 am
trade that keeps their critics silent. we can't be silent. we have a responsibility to speak up. defend our allies, and speak up against this evil reg regime. stuart: by the way, brian, i don't think we're doomed. you don't either. that is the word from the cdc. that is ridiculous. more on that later in the show. brian, thanks for joining us as always. we're always on time. >> go get them, stuart. thank you so much. stuart: here is coming up, sandra smith, lara logan, brock pierce, larry elder all on the show next hour. plus big democrat donors looking to get their political payoff. looks like they will get a payoff. i'm talking about the repeal of salt, oh sew close to the democrat heart. that will be "my take" after this. ♪
10:56 am
10:59 am
11:00 am
stock price, doesn't just bounce back up. >> what you have a new variant? what if we have a new breakout? we will have these lockdowns in some form or other because the lack down is out-of-the-box. >> over the last couple weeks it will be tough to get a break above 4000, it will be ready. >> why should federal taxpayers in the midwest or the far west where the sun is out finance the expected sending in taxes of new york state, new jersey, and california. ♪♪ stuart: that is a new one to the. with it by devo. i must remember that one. it is 11:00 eastern time in new york city, tuesday march 30th, straight to your money, the dow
11:01 am
down 8, s&p down, nasdaq down 44, not much movement. how about the airlines this morning, all of them on the upside because more than 1.4 million people passed through tsa checkpoint, 1.5 million sunday, 1.4 million saturday. we are flying again. we are in recovery. here comes the payoff, rich democrat donors want their reward for financing joe biden and they will get it. talking about the repeal of salt. trump tax cuts stopped people from detecting state income taxes. from new york, new jersey, it was brutal. the one got a tax increase and many were democrats. even worse they were democrat donors. new york business leaders went
11:02 am
to senator schumer to demand the deal on salt and they have been talking to biden's people about salt, they are begging, give us a break, and don't get some help them. the fact that senator schumer is involved is important, he leaves the senate, pushing to the coming tax package, tax the rich, a tax break for the rich. if rich new yorkers get a break on local taxes, there is no need to lower those taxes, they will keep rates high and successful low or no tax states like florida and texas, go back to subsidizing new yorkers. the party of the workers, the party of the working families, that is the public image democrats promote. they are the party of the
11:03 am
elites, the one% on the coast. those are the people who demand the tax cut. senator schumer will move heaven and earth to bailout the rich people who put his party in power. the third hour of "varney and company" is about to begin. stuart: bring her in. there she is. sandra smith joining us this morning, great to have you with us. with your bright colored -- that is what you wear when hunting. >> in your neck of the woods. stuart: i think they are going to repeal salt, desperate to give their donors a break on taxes. what do you say? >> you have a problem as a democrat when the chicago tribune take your, when
11:04 am
democrats pick up a new cause they write millionaires. a billboard up in times square is saying stop, do not tax them any more than they are, reeling from the pandemic, now's not the time. i asked him about this, what do we have to say about that? that's rich. you have democrats in a democrat led city, democrat led state wanting to help the rich? undo something donald trump put in place that help to broaden the tax base in the country? it really is rich but that is happening and it will happen. stuart: you agree with me that will happen. sandra: a lot of businesses to answer to and a lot of ceos to answer to. stuart: what about vaccine passports. sandra: i want to point out in this conversation because it is all intertwined, we are looking at the latest statistics on vacancy in new york city, all-time high 16.4% are empty in this city.
11:05 am
one.5 in san francisco, higher than the post-9/11 era and financial recession of 2008. when it comes to the vaccine passports, i might be hearing businesses are going against the republican talking point, you are hearing outrage and opposition from jim jordan on this issue. desantis in florida firmly against it. they are worried about the slippery slope and rightly so but the guy represents business owners says it is mixed because these businesses are struggling, they are willing to get people back in the door. if private enterprise meets the need to do this, to have a passport people return even if it boosts their occupancy in hotels or airlines or restaurants 50% they are fine with it but let's let businesses lead the charge in
11:06 am
the white house is committing to that. just trying to provide guidelines because we are hearing about these individual ventures to produce a vaccine passport. of the government were to implement it, that would be a different story. stuart: businesses are worried about liability. as things stand you tell people come back to the office, the factory. one of those workers says i got the virus because of you inviting me back to the employment situation. the employer has no protection against that. if you have a vaccine passport, if everybody had to be vaccinated to get in there is no grounds to sue because you won't get the vaccine. sandra: if you want to see billy joel at madison square garden and think that's not happening for years we are packing madison square garden but they see you have a vaccine passport, download and apps on the phone, pay for your ticket and you can go, boosting business in a reeling city like new york city.
11:07 am
stuart: you are going to see some problems. of a business indicates these passports that is different. sandra: when have we not said we are in full support of small business or private business in general to lead an initiative like this. if they see the need for that why not support them? stuart: this is a major story. these vaccine passports are coming. sandra: goldman sachs's ceo with subordinates out to lunch and these guys are begging to come allow workers come back to the city, the productivity that is down morgan stanley is talking about, they are losing productivity by the day, by the hour, see what happens. stuart: great having you on the show. i am going to watch you. america reports sandra and john roberts 1:00 to 3:00 eastern.
11:08 am
sandra: you can watch me in my new hour. let's check back to the markets. you are watching ford and general motors. >> reporter: doctor higher and the headline like local carmakers, $250 billion, electric cars in the us. morgan stanley saying electrical out still gas powered cars by 2035 and that is the timeline general motors says they are going all electric by. let's check spotify announcing a big deal, locker room and betty lounge which makes locker room, a social audio apps is all the rage these days but this will be focused on sports
11:09 am
and roku is outperforming because it is true securities called $375 because the lockdown streaming, billions of our streams on roku. stuart: $250 billion invested in electric cars in america. what is this about google maps getting an update including indoor navigation from airports and train stations, do you think i will get lost in the mall? >> know because you will never go to one but the new wave we travel, technology providing more ease and convenience, google maps announcing a refresh, a cool feature using artificial intelligence augmented reality and now in zürich airport, using the day architect to tell you where you are going, what is in front of you, it was so cool listening to the press briefing yesterday
11:10 am
and the convenient grocery pickup that tells you where to get your vaccines in the future. it was a very interactive, the fact that you can go inside, and what is ahead of you and beyond that wall, that was impressive. stuart: as long as it shows me the exit i will be pleased. change the subject because of this, unions could be the biggest winners in president biden's infrastructure plan. it will cost you, you being of the taxpayer. the white house trying to clear up some confusion over vice president harris's role in the border crisis. >> the vice president of the united states will be helping lead the effort, specifically the root causes, there is some confusion over that. >> it is anything being done, i will ask larry logan, she knows about it.
11:11 am
♪♪ ♪♪ thank you! hey, hey, no, no limu, no limu! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ before voltaren arthritis pain gel, my husband would have been on the sidelines. but not anymore! an alternative to pills voltaren is the first full prescription strength non-steroidal anti-inflammatory gel
11:12 am
11:14 am
wanna help kids get their homework done? well, an internet connection's a good start. but kids also need computers. and sometimes the hardest thing about homework is finding a place to do it. so why not hook community centers up with wifi? for kids like us, and all the amazing things we're gonna learn. over the next 10 years, comcast is committing $1 billion to reach 50 million low-income americans with the tools and resources they need to be ready for anything. i hope you're ready. 'cause we are. ♪ limu emu & doug ♪ excuse me ma'am, did you know that liberty mutual customizes your car insurance
11:15 am
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. ♪ stuart: keep using the graphic board in -- biden's border crisis, small communities seeing the crisis firsthand, migrants being apprehended around the clock. casey steagall is in the border town of eagle pass. you spoke to the mayor, describe the situation. what is happening? >> just to give you context we got on the ground a couple hours ago, the drone had not been in the air but 15 minutes
11:16 am
and already caught the first apprehension of our shift. it goes to show how busy it is and it is around-the-clock, in the middle of the afternoon. the office of refugee resettlement, the h h s, secretary of health and currently has 13,000 unaccompanied minors in its care, 13,000, does not include the hundreds that have not been transferred to hhs, being held by us border patrol, dhs tells us adult and family units are expelled from the country, sent
11:17 am
to mexico while the increased community, in prisoners in their own home. >> they were going to their backyards. hiding in their patios for border patrol. that is a scary situation and our residents are seeing. and more lawmakers touring the processing site near mcallen, and crowded and unsanitary conditions, they rotate in and out a week and part of the time they have been here, no
11:18 am
reporters being allowed in these facilities, issues of transparency and get some numbers, posing a challenge covering it down here. stuart: no access. and the unaccompanied members serve to 26,000 in september. has the biden administration done anything to stop the surge. >> it is interesting you raise that question. everyone is asking if they are doing anything to stop the surge but why stop something you created, the facility you showed that your reporter was at, that is being rebuilt in december, they were planning on it.
11:19 am
i was down at the border of the time, i was told by agents, the surge that was coming and they were told to get ready from security operations to migrant care operations, and this went into place at real-time. when the guidance was coming from above they were being told, to act as if this is beyond control of the administration or didn't have an express purpose in making this happen is not to take into account the effect. why did the biden administration plan for the surge, how does it benefit them? why are they willing to allow an open border. if you are to believe the administration and the predictions of doom and gloom,
11:20 am
and looking at people who are apprehended. this doesn't account for thousands and thousands and thousands of people pouring over that border. from 70 to 80 miles an hour north of the border, they see it every day, people coming on their private land, some are dying on that trip, none of those people have been apprehended, none have been tested and none of them are being counted in numbers. the other question, how much is this costing? stuart: don't have an answer for you on that one but it is a lot of money. here's my point. seems the population of central america, tens of millions of people want to move to north america. we now here there is a new caravan of honduran migrants, they want to make their way through guatemala to mexico and
11:21 am
the border, caravans are coming. guatemala may try to stop them but these folks are on the way and am i exaggerating, millions are coming. >> i'm always conscious of what i don't know when you allow as a basis for migration, economic opportunity. you often hear people saying these are good people coming, a chance for the american dream and better life and greater opportunity but when you signal to the world that that is the basic standard into which you can enter the united states, bypass the immigration system and get across that border and you will be set. the us government, us citizens, taxpayers, paid to get you where you are going. i was helping a bunch of mothers and children who were flying when i was flying recently, none of them spoke
11:22 am
english, and more reports of these, they are being paid for, there flights were paid for by the us taxpayer. the real problem is not whether there are millions yet but there are millions and millions of people who would jump at the chance for a better life and when you make migration a human right, when governments and administrations and politicians declare this a human right which is a greater right then the right of the country to protect its borders, you send a signal to people that this is your moment and this is your chance, some of the people have said we are living in brazil or other countries and they were perfectly happy but don't forget the big thing people are leaving out of this conversation is amnesty. people know that if they can be in this country and claim they
11:23 am
were here before january 20th, they can show they are eligible for that cost of citizenship. stuart: on the screen a moment ago. showed a picture of an army of people marching toward the united states, reminded me of that army of migrants that marched across europe in 2015, germany let them in and changed europe forever and we are on the verge of something like that. we thank you for your contribution and we will be watching, lara logan has no agenda, great stuff. back to markets. dow industrials down 17, s&p down 12. and the other company, space x
11:24 am
tried to land a rocket during a test this morning and it did not end well. >> it hit the ground. flying debris and pieces of starship smoking on the ground in front of the camera. stuart: it crashed, space x is trying to figure out what caused the crash landing. musk did tweet this, at least the crater is in the right place. new survey shows how much workers are looking forward to getting back to the office. it might surprise you. you may recognize this guy from the 90s movie first kid, former child star brock pierce is making a new name for himself as one of the richest people in crypto currency and he is on the show next. ♪♪
11:25 am
11:28 am
11:29 am
why are the unions being called the big winners? >> the unions could be a big winner, that plan is divided into two parts, the first part, president biden will talk about roads, railways and the mystic manufacturing. the taxes to be raised to cover the cost, the language in that contract or that bill will be more supportive of unions, increasing union membership could be good for the democratic party but maybe not as good for the project according to the president and ceo of the associated builders and contractors because it would make it too costly for small businesses to pay those salaries. >> 98% of construction companies employ less than 100 people, they are small family businesses, minority businesses, people living the american dream. to slap this on the industry and destroy their dreams we don't think it's fair.
11:30 am
>> union costs could be too much in the united states, 10% of wage and salary workers belong to a union. this comes from nonunion work. in some cases that would mean the work is finished faster without extra union costs, the transportation secretary focusing on the total jobs being created not highlighting the goal for more union workers. >> the president views this as an opportunity to boost american competitiveness, which also means a lot in terms of climate, in terms of recovery, in terms of equity. some folks want to separate these things. >> he installed bust of cesar chavez behind his desk.
11:31 am
stuart: let's move on to bitcoin, pretty close to 67,$000 per coin, and look who is here. brock pierce. welcome to the program, great to have you with us, you were named one of forbes's richest people in crypto. you are the chairman of the bitcoin foundation. what price did you get into crypto's apps? >> working with digital currencies since the late 90s in the context of virtual worlds like world of war craft. i was the primary market manager of those currencies for 3000 countries with a team of 400,000 people that would play these games professionally to mine those currencies and testing economic theories. i wanted to see if these ideas
11:32 am
could be rolled out in the real world which led me to bitcoin so let's say i was in early. stuart: you were buying bitcoin, pennies on the dollar, was it that low when we started investing? >> in the case of bitcoin once i started participating, you couldn't buy bitcoin, in the early days, through mining and the infrastructure to buy and sell didn't exist. fast forward to 2013, you have a couple alternative currencies, i was there from the beginning, the creation of a theory, and the first venture fund to fund these early companies where they digitize
11:33 am
the master coin, starting the first crypto bank, the list goes on and on, don't want to bore you. stuart: i want to know if you are a billionaire. will you tell me? >> i will tell you this, famously quoted for saying repeatedly that a billionaire to me is not someone with $1 billion but someone positively impacting the lives of 1 billion people and from that perspective i am an aspirational billionaire. stuart: if you got $1 billion worth of crypto. >> i'm not someone that typically talks about, i will say this as well. i don't consider any of what i have any money that has to be mind. i consider myself a custodian or a steward of it and i view money like energy that just wishes to flow and doing my best to be a good conduit to support those things we need to have happen in the world during these troubling or challenging times.
11:34 am
stuart: here is one of my problems with the cryptos. if you want to use them as an actual currency, medium of exchange, you want to buy something with bitcoin, the transaction cost is very high. at 5 or $6 per transaction which if it is a small item it is not going to make it. seems to me to be a problem using it as every day currency. what say you? >> absolutely right. this technology is still in development and all these different experiences, different crypto currencies are continual innovation. you are definitely right, bitcoin in its current state is not an effective currency volatility, transaction fees and otherwise, bitcoin should be thought of as an alternative store of value like digital gold but that doesn't mean we
11:35 am
won't develop the solutions that allow greater transactional throughput. that is why things like the lightning network and layer 2 technologies have been developed and other block chains, have much lower fees and transactions. stuart: thanks for joining us, appreciate you being here. stuart: chip only giving away free bitcoin. i don't believe a word of it but where do i sign up? ashley: i still want to know how much brock has in bitcoin. supposedly says it is going to give away free burritos and 100,$000 in bitcoin. to celebrate national burrito day on april 1st. is it an april fools' day gag,
11:36 am
chip only teaming up with steph and thomas, founder and ceo of coyle who lost the password. $387 million bitcoin wallet and each player can go to jubilee's website, a 6 digit code for a chance to win a free burrito, 25,$000 in bitcoin. the promotion will last one day, on april fools' day, april 1st. stuart: you remember decades ago on april 1st in britain the bbc ran a story about spaghetti trees. ashley: i remember my parents saying all of this hanging off of trees in italy they kind of bought it. stuart: the producers are killing me.
11:37 am
they are in for open table. seems to me the jab is helping bring people into the restaurant. is that happening? ashley: exactly right. people feel more confident about getting out. a recent study does bear that out. the survey shows 54% of diners plan to dine out at a restaurant with table service at least once a week this year, that is pent-up demand and they believe dining indoors in the low to somewhat low risk is up a whopping 79% from july of last year. people are more confident. states like texas, oklahoma seeing double digit rebounds that major cities like los angeles, san francisco in new york city still down significantly, having jumped on the bandwagon and takeout and delivery still very popular,
11:38 am
91% of diners say they like to see takeout and delivery offerings, stay this year especially when it comes to wine, beer to go and cocktails. why not? stuart: i remember the other one from the bbc, big ben was going digital. remember that? could go on about this forever. very serious subject. california high school teacher says bringing kids back into the classroom is a form of white supremacy. larry elder has a lot to say on the show. 36% of homes that sold last month went for over the asking price. homes are flying off the market, we have a report from outside chicago and that is next. ♪♪
11:39 am
i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. so it's like my streaming service. well except now you're binge learning. see how you can become a smarter investor with a personalized education from td ameritrade. visit tdameritrade.com/learn ♪
11:40 am
i knew about the tremors. but when i started seeing things, i didn't know what was happening. so i kept it in. he started believing things that weren't true. i knew something was wrong, but i didn't say a word. during the course of their disease around 50% of people with parkinson's may experience hallucinations or delusions.
11:41 am
but now, doctors are prescribing nuplazid. the only fda approved medicine proven to significantly reduce hallucinations and delusions related to parkinson's. don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia related psychosis. and is not for treating symptoms unrelated to parkinson's disease. nuplazid can cause changes in heart rhythm and should not be taken if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. tell your doctor about any changes in medicines you're taking. the most common side effects are swelling of the arms and legs and confusion. we spoke up and it made all the difference. ask your healthcare provider about nuplazid.
11:43 am
stuart: the nasdaq which was down 100 just turned positive and just turned negative but not by much, down a point and a half. the 10 year treasury was the problem with technology stocks earlier today, it reached 177 and down to 173, that is helping the nasdaq a little. i want to see those work from home stocks, zoom, they are all work from home stocks. we have a study which suggests a majority of workers do not want to return full-time to the office, break it down for me. >> this according to a harvard study of 1500 professionals, 81% do not want to fully return to the office or would prefer a hybrid schedule with a mixture of home and office, they showed 61% would like to work 2 or 3 days from home while 27% want
11:44 am
to continue working fully remote and 18% of the respondents wish to return to full time office work. one in 3 people found both their performance and quality of work had improved since the prior year saying they were able to focus better while working at home. they did not have children. the overall take away shows people don't want to go to the office full-time. stuart: that is a serious thing, how many tens of millions of office workers don't want to go back and that is something else again. we've got this for you. home prices surge at 11.one% in january year over you are up 11.one% according to the case shiller index, the largest annual gain since march of 2014.
11:45 am
grady trimble joins us from park ridge, houses are flying off the shelves where you are. anything in particular buyers are looking for? >> it is remarkable we are talking about the same friends we are talking about at the start of the pandemic, people moving to the suburbs because they want more space, we are seeing rent prices in chicago drop and home prices continue to go up. julia knows that because she is an attorney in the chicago suburbs. what we are seeing is the summer months, you have been busy all winter so what is the forecast? >> almost a shift. april, a little bit dead and everything picked up, may and never slowed down. we entered the spring market in january and february, we are still in it. big time, i don't know when it will slow down. the suburbs are hot. anywhere outside the central
11:46 am
business district is doing well. the asking price, cash offers, a lot of competition out there. >> reporter: bidding on houses, and they lived together. stuart: that is what the pandemic does do. more serious, san diego public school teachers will teach children in person at migrant facilities. their own students have not been in a real classroom in over a year. larry elder outraged about that and he will join us in a moment. ♪♪ what's going on
11:47 am
[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,
11:48 am
the resilience to get up. ♪♪ [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ ♪♪ ♪♪ so jeff, you need all those screens streaming over your xfinity xfi... for your meeting? ♪♪ uhh yes. and your lucky jersey? oh, yeah. lauren, a cooler? it's hot. it's march. and jay, what's with all your screens? just checking in with my team... of colleagues. so you're all streaming on every device in the house, what?!! that was a foul. it's march... ...and you're definitely not watching basketball.
11:50 am
(announcer) back pain hurts. you can spend thousands and still not get relief. now there's aerotrainer by golo. you can stretch and strengthen your core, relieve back pain, and tone your entire body. (man) and you're stretching your lower back on there. there is no better feeling. (announcer) do planks for maximum core and total body conditioning. (woman) aerotrainer makes me want to work out. look at me. it works, 100%. (announcer) find out more at aerotrainer.com. that's aerotrainer.com. stuart: i'm can show you this, a new concept car from lexus, the all electric called the ofc electrified.
11:51 am
it is part of alexis plan to release 20 new electric or hybrid cars by 2025. san diego public school teachers will offer migrant kids in person instruction. hold on a second. the majority of their students in public schools are still learning virtually and not in the classroom. they are at migrant camps. larry elder is with us, a california guy, this makes no sense to me and i understand the anger of the parents. have had it. >> reporter: where do you start with this? the president of the los angeles teachers union said the push for in school learning is an example structural racism. a member of the san francisco school board called merit-based emissions which is the basis for the admission of the top heiskell in california, merit-based admissions racist because it turns out the majority of student body is asian american and this entire
11:52 am
push to go back to school is being led by black and brown urban parents, that the kids are falling further behind. 85% of black kids in california cannot meet in state levels of proficiency, 80% of hispanic kids can't and teachers don't want to go back to in school learning even though the cdc, doctor fauci, mitigation measures, perfectly safe to do so. it is an absolute outrage and there has been more-12 and they sent before the outcome is lousy. they restricted in school learning, and impediment for things like merit-based pay for teachers, an absolute outrage going on in california k-12 public-sector. stuart: back to something we mentioned before you mentioned. california high school teacher condemns parents wants schools
11:53 am
to reopen, in a facebook post he said structurally white supremacist hysteria, asking too much of a beleaguered group of professionals. what on earth is going on where if you want to go back to school you are a white supremacist. >> when you don't want to do something make it a racial issue, put your knife in the mustard and spread the racism on a hot dog and maybe you will get your way. for whatever reason the teachers don't want to go back in school learning, they are concerned about their safety or lazy. i am not sure. all i know is this is an absolute outrage and people be most affected are the ones left claims to care about how black and brown students which are the primera ones that make up the school population and urban school districts in california. stuart: across the country, georgia, democrats claim
11:54 am
georgia's new voter id laws will hurt minorities. we are on the race issue again this time in electoral processes. what say you about this? >> every poll i have seen about voter id the majority of black support voter id sometimes to the same degree as whites do. the idea black people can't figure out how to get photo id is pretty condescending if not racist. there's a conservative commentator on youtube who went to harlem and asked white people if they did not support voter id, no because black people can't get voter id, hard for black people to get voter id, then went to harlem, we can get voter id, don't know anybody who doesn't have voter id. members of harlem thought it was racist to suspect black people can't somehow find voter id. the yale study shows always alleged voter suppression measures do not suppress the vote at all. the black vote is still there. in 2008 for the first time in our nation's history black
11:55 am
voters voted more than whites did in 2008 for barack obama. whenever voter suppression measures are they are not working. stuart: didn't mean to interrupt. i really didn't but that is astonishing stuff. every week you bring this amazing stuff. we appreciate it, thanks very much. robin hood opening a new office in charlotte, north carolina. they plan to higher people there. quick check of the big board, we are headed south 130 points just above 33,000 on the doubt, more varney in a moment including something you have probably never seen before. ♪♪ you take it on faith ♪♪ no waiting
11:59 am
♪. stuart: there is dallas, texas, i believe. that is the airport, one of them there. yeah. the airport in dallas. stop what you're doing. this isn't something you see every day. you're looking at it right now. people riding horses through the starbucks drive-thru. the store just opened in marshal, texas. does that explain it all? we'll put starbucks stock on the screen. why not. ashley, teluriding a horse through the drive-thru, when i went into a drive h in cinema in
12:00 pm
on a motor bike. it is somewhat similar, is it not? ashley: i love it. i have seen horses go through wendy's drive-thrus, mcdonald's. why not. begs the classic question, why the long face? what kind of coffee. stuart: how hot is the coffee. thanks, ash. time is up for me. neil, sir, it is yours. neil: that's great. why the long face. he beat me to it. thank you, stuart, ashley, thank you very much. we're down 135 points right now. janet yellen might be raining on this parade a little bit. we're getting drips and drabs on what she is saying for the joint event with the hispanic chamber of commerce from the president of the united states. one of the things coming up how strong the recovery will be, strong enough she says, treasury secretary, former fed head, talking increasingly about full employment returning next year. that is a little sooner than others might have thought
154 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on