maria: have a great day. "varney & co." begins right now. take it away, stu. stuart: joe got-- a joe biden is going big, he will announce a gigantic spending plan. it's supposed to be about building the country's infrastructure , but the left has thrown everything into it. first off, $620 billion, for roads, bridges, electric vehicles and mass transit, $650 billion drinking water, fixing the electric grid. $580 billion for job

training, manufacturing support in research and develop it. $400 billion for the elderly and disabled. that adds up to over $2 trillion and remember , it comes on top of the 1.9 trillion spending approved last month and that's out of the trillion dollars that's not been spent from the covid package passed last year and all of this is supposed to be paid for by taxing the rich and big corporations. we will be borrowing by the trillions. we've never seen anything like this before. it's not an infrastructure plan, it's really the transformation of society. this is bernie sanders of vision, the socialist green new deal sold as a plan to fix roads and bridges and we have no idea how much the plan will get past and we don't know how it will affect the economy, but in a few hours the president makes his historic announcement reading from a script written and approved by

bernie sanders, elizabeth warren and aoc. wednesday, march 31, 2021, "varney & co." is about to begin. ♪♪ stuart: i have to tell you folks, i'm still trying to wrap my arms round the cdc worrying about quote impending doom from the virus. remember that? look at this, we have news like this coming to us from pfizer and they are worried about impending doom. pfizer's vaccine is 100% effective for children 12 to 15 on the 100% effective, 2000 youngsters in the trial group and as vaccinations proceed we are traveling again, for 20 straight days of the

ps a has checked more than million airline passengers and more states are dropping restrictions. north dakota lifted the mask mandate and we will have the governor on the show later. louisiana is doing the same thing, so we start our open for business coverage with pete hegseth who is in a diner near new orleans or does it feel like back to normal cracks. reporter: it really does. they dropped a lot of occupancy requirements. there's still a mask mandate, but we are in jefferson outside of new orleans. on here with these three wonderful ladies. jefferson is a world away from downtown new orleans with different restrictions as it pertains to covid so when the governor yesterday list-- lifted a lot of restrictions, is it the same in new orleans? >> i think it is. people want conventions back. weenies-- need conventions and cruise ships, so combine those

things and the millions of dollars that it brings into the city encourages the smaller restaurants to open because they feel confident they will have the business. right now, no restaurant can run on 25%. if the mayor and governor can work together and be consistent, not one be open one be closed, you can't run a business like that. >> we are in jefferson and the restrictions have been looser, so there's more restaurants that have done better. is more lax, but new orleans is the fuel that drives the rest of the parishes and we have to get new orleans back to normal. >> well, new orleans is the draw and so if they are not functioning well, we don't get the overflow and most people that live in jefferson parish, we go to new orleans all the time. it's not a big difference, but that's where the restaurants

are in the music and it's really hurt us all over louisiana for mac i in downtown new orleans in the french quarter yesterday behaving myself and you could start to feel it come alive a bit, but a lot of businesses are still closed and with such a huge tourism industry, cruiseship's, everything has to happen kind of at once and when it does you feel like new orleans is ready to go. do you hope by summer it will be gangbusters? >> yes. >> pete, we are big on change. we are big on small businesses and homegrown businesses, our restaurants and we are renowned for those. if you give people money they don't go back to work. reporter: you talked about that a lot. getting people back to work and they don't necessarily have to because of the additional money is a problem like everywhere else. i will toss it back to you, stuart.

stuart: thank you. now this, the other big big story, president biden is going really big on spending, betting the massive index-- unveiling the massive infrastructure plan later today. susan, you are smiling, i don't know why. susan: you said big 10 times the first five minutes of the show, this is phase one, mind you, with the biden heading to pittsburgh to try to sell this monstrous infrastructure package with over 600 billion used to rebuild roads, bridges, $250 billion for the electric work-- grid and another half a trillion dollars in r&d and clean energy and biden plans to pay for it by hiking the corporate tax rate from 21 to 28% raising the global minimum tax for multinationals, almost double the current rate and 10

and a half percent and then impose the so-called amazon tax which is a minimum of 50% tax on reported company profits, amazon and other big companies pay zero federal taxes in recent years despite the fact they record billions in profits so biden is trying to change that. biden said it would be 15 years of corporate tax hike to cover the one time in the structure pass-- bill. even at 2 trillion plus in part one aoc once more. 2 trillion over 10 years, that's not enough the federal deficit might crop over 3 trillion, possibly the highest since world war ii and business hack-- tax hikes. individual high earners might be the target for the next round. >> he will have more tax proposals to make the tax code prayer-- fair.

today's proposals are focused on the corporate wide but there will be more to come. susan: don't think you are out of the woods for high earners, maybe up to my 39% plus. stuart: i heard it correctly. thank you. looking at features, where are we? mixed picture with nasdaq up, tiny loss for the dow jones. shah gilani is with us. when will you get back to your fall on super bullish mode? >> i would like to, but i'm still on the back burner because what i see out of this administration lifts looks to be like a new deal society attempt to basically redesign capitalism as we know it and that creates problems for me as far as the markets in terms of what will the spending be about, how many boondoggles attached and how much money wasted and what are the tax implications and what are the modern

monetary implications for just spending more money and i think that will be a problem. right now, we have a flat market. i think based on what the president says this afternoon, we may see market reaction. i don't think it will be positive. stuart: you really have to wait a while, i think, to see what impact this wall of money will have, i mean, there's all kinds of suggestions it will lead to inflation and we will borrow by the trillion and we will haven't got bonded problem at some point. at this moment it's not clear what impact on the spending will have. >> you are correct, it's not clear and that's part of the problem the market is trying to digest. we have to see what the proposals will be today and the ones in the coming couple weeks also because there are two parts to this and i think the markets will sit on pins and needles waiting to see what's going to be the course and i don't know we will ever get details.

i think we will get or with the democrats are trying to do is throw as much money at the economy as they can buy don't think-- it should be more targeted. the market was to see details and i don't think they will get it and that will create a flat market for a while to figure out what will happen. stuart: we await your return to being a super bowl with the great expectation. tell us when you get there. thank you for joining us. , to get back to the covid pfizer story as pfizer says their vaccine is 100% effective in 12 to 15 -year-olds. when do the kids get the shots? susan: before the school year starts this fall for middle school kids at least. visor will apply for fda approval as soon as possible and it's a two shot vaccine already authorized over the age of 16 so both pfizer and moderna have already started trials in even

younger kids, talking elementary school. doctor anthony fauci says he predicts five to 11 -year-olds will be ready to get the shots early next year. i think that's pretty positive given 20% of the population is kids. stuart: i'm wondering, will this amount of vaccine passport, in other words you had to be vaccinated before you can go to school. will that be a requirement? susan: i think that's where we are headed, but you have the mandate that the faculty has to be vaccinated because in the rutgers case the kids have to be vaccinated before they can go on campus, but teachers don't. stuart: i can see the vaccine passports coming for going back to school. let me get back to the markets. futures a mixed picture down for the dow jones, up 80 points for the nasdaq.

today, supreme court takes on whether college athletes should be paid. barstool sports day portnoy will share his opinion in the next hour i don't know which way he will go on this issue, but we will find out. administration finally allow the media inside more facilities, so watch this. >> we are holding over 4100 subject and just look-- we are way over capacity like 700% over capacity. stuart: supposed to hold a maximum of 250 people instead of 4000 in the former governor of arkansas mike huckabee has an interesting take. he will join me in one minute. ♪♪ ♪♪

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stuart: not a great deal of price movement on the stock market today in advance of the president's big reveal of the $2 trillion spending plan this afternoon. small gains for the dow jones and s&p. universal studios in southern california have every opening date, april 16. hold on a minute, not open to everyone. susan: well, annual season pass holders get a sneak preview april 15, then california residents get access first to two tickets online starting april 8. you have to abide by safety protocols, social distancing, masks and a temperature checks at the gate. it's also a new ride they are debuting called the secret life of the pets. disneyland anaheim open to the public april 30,

so universal that maybe they would get ahead of that. will we see you in your fanny pack on one of the rides? stuart: no, you are not. what is wrong with california cracks all across the rest of the country having all kinds of theme parks are open doing great business, (business with everyone having a good time, but in california, got 28, got 28. something wrong with california. before i explode i'm going to move on. we have with us the former governor of arkansas, mike huckabee and he's a frequent guest. governor, how come the rest of us, we americans, we may have to flash a vaccine passport if we want to travel, but the migrants are walking right in. what you make of that? >> it's the duplicity that bothers most americans, the fact that people who have come here illegally aren't required to go by the rules tax paying citizens are.

it would be different if everyone did the same thing, but we don't and it's the unjust applications of these regulations that i think bother people the most. we have a situation with immigration, the president before, president trump pretty much had it under control, but joe biden and his arrogance deciding anything president trump did had to of been wrong so he rescinded everything and now it's collapsing in, his poll numbers are tanking, but more importantly the country is hurting because of these boneheaded policies put in place. stuart: where are all those reporters who screamed that president trump on a regular basis, kids in the cages. where are they now? we have images like this flash across our screens all over of kids brand on top of each other, some covid positive. where are these people now? >> they are shining joe biden's shoes and making sure every day they shop

at the white house and they bring their shine box and take good care of him because that's what they've determined they are going to do. the tragedy is this would've been horrible under any circumstance, but add covid and turn these folks loose on the publish a large, it's a horrible tragedy and breaks my heart to see these kids a shoulder to shoulder in the spoil blankets, but they were encouraged to come and the worst part of it all is they are trafficked or could they are being abused and that's not the-- that's not being talked about by the press and i don't understand. stuart: disgraceful. if you were the governor of a state today, would you reinstate the mask mandate as the president wants various state leaders to do? >> know, because i don't think the governor has that legal right or there's a difference between a law and regulation. one thing i hope we learn from this is that

you cannot create a law by executive order. i get on an airplane and they say federal law requires you and i'm thinking asked not true, maybe a federal regulation, but it ain't a lot because no legislature has passed it and if a governor with a mask mandate come and go to your elected people's representatives , go to the legislature, get a law passed. that's a law, anything else is a regulation. also, even regulations have to go through the administrative procedures act and most of these regulations have not. i'm waiting for someone to challenge the constitutionality of some of the actions that have been called a wall. they are not lost. stuart: don't hold your breath on that challenge especially if you are in california, illinois, new jersey or new york. always good to have your show and we appreciate you coming back. >> thank you. stuart: again, those are shocking images inside a crammed aboard a detention center

facility. migrants literally stacked wall to wall. looking at texas and those are unaccompanied children waiting to be processed, but can't agree as aoc is slamming anyone that uses the word surge. listen to this. >> want to say what about the surge, first of all, just got check that. anyone using the term surge around you cautiously is trying to invoke a more touristic claim. this is not a surge. of these are children. stuart: is a surge, madam. this as president biden's approval numbers on immigration think to 34%. we will show you futures one more time. they are up pretty much across the board, up five for the dow jones, seven, for the s&p. we will be back in a minute. ♪♪

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stuart: three and a half minutes till the opening of the markets and joining us right now is david bahnsen and he brings with him and interesting investment idea and that is put the money into oil and gas pipelines. i thought the president just killed half of them >> no, he can't kill them. you are talking about trying to build new ones that they went to delay and impair from coming online, so that makes the ones that already exist that are already pivotal to our nation's energy infrastructure more valuable, more oil in more gas have to flow through the pipelines we already have that this administration keeps new pipelines from getting built. stuart: how does the every day average investor invest in pipelines? >> well, i like the idea of getting kind of a basket-- zero look, some companies are as strong as others, so we have taken to an actively managed etf, get a single stock, umi is the

ticker, but then you get about 20 different companies that are higher quality, less debt, great cash flow and i know you will love this, about a 7% dividend yield, so we can get a great way to get exposure to the space of high-quality companies. stuart: 7% dividend yield on umi which is a basket or maybe 20 pipeline related stocks, okay. do you think baby the president will try to restrict the activities of existing pipelines which you have just invested in? >> know-- no, we have to go back to the obama administration, first term of fracking revolution they tried to stop from happening on federal lands and i expect the biden administration will do a lot of the same, but we are talking about whaling gas coming out of texas, that ship has

sailed and we desperately need the natural gas, which is a far cleaner fuel and the pipelines are certainly a more safe way to transport it, so unless all of a sudden environmentalism means putting oil and gas on a truck or rail, these pipelines are the better way to do it for reasons that escape me, they don't want new pipelines built during the primary -- prior administration 29 projects were approved which have previously been stopped, but i think we will have continued need for oil and gas to feed our population, to warm our population. the entire energy conversation in the country has become insane. stuart: i am with you on that one, absolutely insane, kill fossil fuels just like that. david, that was good, thank you for joining us and i will watch umi with a 7% yield.

we are going to open the market in precisely 15 seconds. the bell rings and this is wednesday, march 31. i'm calling a historic day as this afternoon we get a 2 trillion-dollar infrastructure program. we are open and often running in the dow jones opened with a small gain 33100. as for the s&p 500, you have a quarter percentage gain on the upside and as for the nasdaq you have a gain of about half that percentage point. technology is doing okay , but not big price movement so far. big tech all on the outside, but again not huge gains. i do see apple at 121. we are focusing on that

now, come on susan, apple has invested in independent artists. is that really a big deal? susan: i will to you why it's important because apple hopes services will pick up for any slowing down in iphone sales and apple music is a big part of that to get people addicted and hooked onto their iphones. apple leading a 50 million-dollar investment in united masters helping people get their music heard. is battling for exclusive content is one way to get subscribers pay and we got a big upgrade this morning on apple calling it worth $142, 20% upside from eric and the reason is they expect the apple cart to contribute to $14 a share on its own. stuart: but, we don't have the apple car yet. susan: true, but in the future isn't that how markets trade, they trade on what's ahead. stuart: i will remember that,

but this is three, four, five years ahead. that's a long time. walgreens boots alliance , well, walgreens has given out 8 million shots, 4 million in the month of march, but the company says sales were lower because of the weaker cold and flu season. stocks are up 3.3%. lululemon, pandemic winter, online sales of 92% in the latest quarter but stocks are down 4%. susan, don't tell me it's another missed expectation story. susan: it's also about lycra enhanced for men. it was great for lululemon, they made more during the holiday. let's be realistic, same-store sales were down and they also cautioned that a potential resurgence in covid cases could hurt business this year

despite the fact they already forecast for stronger sales support stocks are up over the past year and they are on track to double their men's and online sales and quadruple international by 2023. sales growth for menswear and, yes, i don't knew no if you have ever partake in lululemon spandex, but they were up during the holidays almost as much as females. stuart: spandex? get out of here. quiet please. [laughter] pot stocks on the upside new york state legislature passed a bill to legalize recreational weed and governor cuomo says he will sign. if they get the green light and they probably will, new york will become the 15th to legalize the drug for recreational use for those 21 and over. lawmakers say sales won't start for at least 18 months.

tesla, i believe they are ramping up production of electric semi trucks. susan: yes. i think you'll like it when we see these tesla semi trucks. the new production line in this new monstrous of big new building at its gig a factory and it looks like tesla is aiming to build in the beginning five electric trucks per week, which might begin in the final three months of this year. if that happens, we could see tesla semi trucks on the road and again maybe 604 this year but production should ramp up a 2022. elon musk likes to put big numbers in his predictions and i think a reality might be a different story but he hopes to produce 100,000 electric semi trucks per year, trucks, not cars, 18 wheelers.

it's more difficult to do, as you can imagine. stuart: he likes the headlines, 100,000 semi's. stocks are up $8, just over 600. looking at the dow jones winners. on your screens are the best winners of the day amongst the 30 with the walgreens boots up. s&p has 500 stocks in that index with a top performer harley-davidson up over 7%. the nasdaq, the winners applied materials, alumina and so on down the line. number five on the list up another two and a half percent. other movers and susan will start with julie up 10%. susan: pet products seller earning a surprise profit instead of losing money which is what wall street anticipated. surging almost 50% during covid as people are stuck at home

ordering and taking care of their pets they are going to chilly-- julie also the owner of calvin klein losing money two and 2020, but they say they expect to make money again at some point this year and harley-davidson, they got an upgrade today to outperform and that's why it's leading the indices. stuart: here's your favorite, suzanne, cathie wood space etf debuted yesterday. what happened? susan: we were down 1%, had 290 million shares that exchanged hands of eight best debut, but in comparison to dave portnoy, that exchanged 400 million of the third-highest in history so people are wondering if cathie wood might be losing some of her midas

touch. we know etf continues to track a lot of money already this year. we are only at the end of march, but he had to continue producing 130% gains in her etf over the past year for money to trickle in and per the interest to hold. stuart: let's check the overall markets. seven minutes into the trading session. dow jones of 66 points, almost a quarter precent. 10 year treasury yield, 1.71%. the price of gold still below $1700 an ounce, 1691 right now and bitcoin $59000 per coin. asked for the price of oil, still $60 per barrel and the price of gasoline average is still $2.87, up 88 cents from march 31, 2020. first, she laughed when

asked about visiting the border. now, vice president harris fined to kids stuck at home funny. will tape. >> more parents are seeing the value of educators. [laughter] stuart: what's with the laughing flex many of our kids are stuck in zoom classes and democrat leaders are failing them. that's my opinion and you will hear it soon. president biden said to roll out his more than 2 trillion-dollar infrastructure plan. get ready because he will try to play for it by raising taxes and economists john lonski reacts after this. ♪♪ ♪♪

stuart: well, well, well we are

picking up steam at the nasdaq up exactly 1%, 130 points and plenty of green for the dow jones and smp. then when president biden all set to unveil the first phase of his infrastructure package today. on your screen as some of the money that will be spent. john lonski is an economist and he's with me. i think this a spending plan is basically socialism in disguise dressed up in a green new deal. i know i'm a little extreme, but what's your opinion? >> there is a need for increased infrastructure spending. we have these rundown bridges and highways and tunnels that need to be repaired and in some cases we could actually have transportation facilities built regarding high-speed railroads in the northeast. perhaps there is a need,

but maybe there is merit to your argument to a certain degree that this is a spending package that's a driven by politically motivated reasons. stuart: may be some rationale for my opinion? may be, get out of here, john lonski, when you make of $300 billion, a third of a billion dollars for affordable housing, $400 billion for the elderly and disabled. what's that had to do with infrastructure? come on, john, it's a socialism in disguise. >> we didn't have this in the past, there is this drive for affordable housing, but perhaps the best way to get more affordable housing is by relaxing the zoning laws and better yet get more affordable housing by increasing the number of jobs, having economic policies that promote economic growth, so it's easy enough to get increases government

spending approved its can be a whole different matter when it comes to increasing chances for the purposes of funding increased government spending. stuart: so, what a week and i i can see the day when we are just going to print the money. >> i'm coming across some articles that state that congressional democrats from high tax states are demanding a repeal of the $10000 state and local tax deduction that was part of the trumpet tax reform package, if they vote for any tax increase whatsoever, so what these congressional democrats are saying is if it will increase personal income tax then we have to provide a tax break to the high income wealthier individuals.

interesting. stuart: it's a break for the democrat donors. all those new yorkers that have been flooding the democratic party with money want their tax break and i bet they read get it and repealing salt would be a tax break for the rich john lonski, you are all right even if you don't agree with me on socialism and we will see you soon. >> thank you. stuart: i know you are with me. next case, amazon union info underway in alabama p do we know when would the results will come in susan: the next few days, but what about the appeals that will likely be filed by either side. phot counting started tuesday and they looked to inform the first ever labor union and amazon warehouse in the us. no cameras were allowed to watch the ballot boxes. national labor board rejected amazon's motion to install a camera to watch the boxes and they are just making sure

everyone does it properly at the alabama facility. the agency said county has started, but an outcome is unlikely for several days. even if we get a result, you know they will file charges or an appeal on either side so it may not be for a while before we get a solidified vote. it's a watershed moment for the labor activists like bernie sanders and elizabeth warren. they have been very focused on this amazon vote. amazon has been pushing back sharply, something we haven't seen ever, but is the first serious amazon union fight since 2014 and this time with a lot more workers at 6000 compared to the 2014 fight, which only had a few hundred. stuart: what was done new york but-- the "new york post" say about the vote when the

"washington post" is all for bernie sanders and aoc and elizabeth warren, that's my opinion. dying to see what the "washington post" says. susan: i think amazon can i back with statistics including their 15-dollar minimum wage. stuart: pushback, got to. had he pronounces, the fitness company tonal. susan: yes, tonal. stuart: how much are they worth? susan: $1.6 billion because they raised about a quarter of a billion dollars in additional funding which is how they arrived at that valuation and they may look at an ipo, no timeline. this wall-mounted unit goes for 2000. sales grew more than eight times over the past year and they may become the next peloton which is worth of $30 billion. lululemon, they bought

the mirror for about $500 million last year, so tonal, i think it has a good story. stuart: susan, thank you. did you hear about this? to spongebob squarepants episodes are being pulled due to quote seven-- sensitivities to. we will try to explain it and coming up the energy sector is worried about this administration. they say killing the keystone pipeline will look like child's play compared to what's about to happen. ♪♪ ♪♪ let's meet the defending champs. kim kietz, investor. i invested in invesco qqq a fund that invests in the innovations of the nasdaq-100. like 3d rendering software. become an agent of innovation with invesco qqq.

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stuart: the price of progress that's interesting. progressives us a better president of is a way to get parts of the green new deal accomplish. we are in pittsburgh where the president will lay out the plan later today. she has been speaking to union workers. what are they saying? reporter: summer worried this

plan is actually going to put them out of work because of the amount of money that it devotes to clean energy projects. $2.25 trillion infrastructure and a jobs plan comes with the big price tag, and a massive tax hike on businesses. it would put over $620 billion on transportation infrastructure to rebuild roads, and highways, 400 billion home care for the elderly, 580 billion research and development and that's where the 180 billion to clean energy comes in and 650 billion on electric grid improvements, but the big kicker, the tax hikes that will pay for it, takes a lot out of businesses raising the corporate tax rate from 21 to 20% with global minimum 13 to 21% in the white house promises the spending will translate to millions of new union jobs, but the boy all

maker union tells me this shift to green energy will put them in thousands of others out of work. >> we are talking thousands of jobs and may be to the point of more jobs than what the keystone xl pipeline is. we are being abandoned in the fossil fuel industry and it's time for the tens of thousands of workers, union, nonunion to speak up and defend ourselves because we are the one that keeps the lights on in this country. reporter: us chamber of commerce of this morning also slamming the proposal to raise taxes saying it's the people utilizing these of the structure services that should be paying for this ultimately and one quick addition, the hike to 28% for the corporate tax rate is higher than china's own tax rate for their businesses they are as it's only 25%. stuart: thank you. it's worth pointing out that for the market it

appears to like the infrastructure deal to trillion dollars worth because we are rallying ahead of the president's announcement nasdaq is up 160 points, solid game. ahead on this program today, mick mulvaney, dave portnoy, will cain with the second hour of "varney & co." next. ♪♪ ♪♪ everyone remembers the moment they heard... “you have cancer.” how their world stopped 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,

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♪. david: i like it. a little van halen at 10:00 eastern "time." what is wrong with that he asks? stuart: show me the 10-year treasury, that has a lot to do with big tech. the 10-year treasury yield is down a little. big tech is being helped. we're green across the board for microsoft, apple, alphabet, amazon, facebook. plenty of green right there.

just into us, latest on pending home sales. what have you got, stuart? susan: lots, stu. more the month of february we're down 10.6%. that is five times what economists for cast for the month. they were looking for a drop of 2.6. this is coming really fast, do you think? this may have to do with higher mortgage rates. above 3% for the 30-year fixed. looks like it is more expensive for people to buy homes. yesterday, how do you marry that prices went up by the most in 15 years. stuart: i marry it. up 11% year on year for home prices january through january. up 3% on fixed-rate mortgages. that rate going up. prices going up. much less affordable for people. pending home sales down 10%. susan: not enough supply. i think that is the main takeaway. stuart: not enough supply. no. impact on the stock market from that 10% decline in pending home

sales. you're still very much in the green across the board. and ladies and gentlemen, now this. ah, the left, sure knows how to play politics. the democrats knew that if they had bernie sanders as their candidate last november they would have lost. they knew that acknowledged socialist could not win. so they nudged bernie out and organized around the moderate, joe biden. who won the election playing mr. nice guy. bernie never really went away. he made all kinds of new demands on the administration. with aoc's report he got his way. he wrote the green new deal. the green new deal is right at the heart of the gigantic spending plan you will hear about today. the nice guy president will stand up in pittsburgh and announce a multitrillion dollar infrastructure plan. he will smile, talk about wonderful things the government will do for us all. behind the scenes bernie is

gleeful. he wrote biden's script. it is not really about roads and bridges. it is about climate, killing fossil fuels. it is about expanding the welfare state dramatically. about smashing corporations, of course beating up on the hated rich. the snarling face of socialism is right behind joe biden's double mask. you have to hand it to the left. they transform ad tied senate and a shrinking majority in the house to the biggest tax-and-spend plan this country has ever seen. it is historic. in two hours the president will push a 2 trillion-dollar so-called infrastructure plan which is nothing of the sort. it is the transformation of society along socialist lines. at this point bernie is winning. the second hour of "varney & company" about to begin. ♪. stuart: all right. she's with us, she's back, liz

peek, the one and only. she has written a new op-ed, titled, biden has no mandate. here is why he was really hired and how his left-wing agenda will backfire. that is interesting. we're about to see his agenda revealed this afternoon. why do you think it backfires on him? >> well, stuart, for the reasons you talked about. it is not popular. think about who is he trying to please with this program. we're talking about progressives who are about 15% of the democratic party, which is about 40% of the country. so this is a real minority that is driving the bus and i think all americans are kind of horrified by this spendathon that is going on. we have now authorized over $5 trillion in spending in the last 22 or 23 months. 3 trillion of that unspent. now we'll roll out another 2 trillion-dollar bill on top of another 2 trillion-dollar bill.

it is ridiculous. and by the way, you, at the top of the hour you talked about some of the things this money was going to go for, not just green new deal, housing. he will make everybody's house much better, job training, et cetera. stuart, that would all be fine except we're already spending hundreds of billions of dollars on exactly those missions. what we know as the government portion of the pie gets bigger, the more they take over spending it becomes fraudulent, more corrupt, and by the way, incredibly inefficient. so the fact we'll turn our power making industries over to the government to regulate how we're going to generate power in this country, by definition, electricity costs are going to go up, manufacturers and residents alike will see higher bills. this is a horror show and nobody seems willing to step in front of this bus and say stop. this does not make any sense for this country. stuart: very difficult to stop

politicians from spending trillions of dollars. you give them a slush fund of a trillion, 3 trillion, 4 trillion, call it what you will, it is very difficult to say wait a minute, you don't want anybody to spend money like that. that is not the way america works, isn't it? they goss the system with all the money. when does the backlash come? when does the program become unpopular? >> i think when he starts talking about raising taxes for $3 trillion, that is when he begins to see some pushback and here's why. he is talking about taxes only affecting the wealthy but in illinois last year pritzker, the democrat governor, said he wanted to raise taxes on only top 3% households. guess what? the voters voted it down. similar thing happened in california. voters are not stupid. they know when you start to raise taxes it hurts everybody. you raise taxes on corporations

they pay less to the workers or higher fewer workers. you raise taxes on individuals, they move out of the country or tax-free states where they are not hurt so badly. the truth is people begin to see through this. biden's own ratings have begun to slide since inauguration day. i think it is because people are getting on to the fact that these big giant programs are going to be hurtful, not helpful to the united states. stuart: okay. liz peek, thanks for being with us. always appreciate it. see you again real soon. >> thanks, stuart. stuart: okay. check that market again, please. for the benefit of our radio listeners, i tell you this. the dow is up 18. the nasdaq is up 188. i call that a rally. dern necessary dennis gartman joins us right now. great to see you again. >> good to be seen. stuart: i'm talking about big tech. i'm waiting for the plunge. i haven't seen it yet. i've seen big tech plateauing at

a pretty high level but not near the highs. what will we see a plunge? are you forecasting that? >> i'm not going to forecast a plunge. what i will forecast we are spending a huge amount of money stupidly, no question about it, what ms. peek said was absolutely spot on. but we'll spend the money. government will create it. they will try to spend it. they may not spend all of it. they will raise taxes but they will put it into work in infrastructure. at that point give me u.s. steel, give me goodyear tire. give me shipping companies, railroads that take these things as said many times on the program i want to invest in things if i drop them on my foot they hurt. business oriented stocks. high-tech to the millenials. they're not doing very well with since the first of the year. ark i understand down one or 2% for the date. down 35% from its highs. tech is doing very badly. look at u.s. steel. it is up almost 300% since the

start of the year. they are old line company. they are a simple company, they build roller bearings for things needed for increased business opportunities. stuart: dennis, you and i learned our economic as long time ago and both of us learned if you chuck a ton of money into a economy you end up sooner or later with inflation. >> yes. stuart: we're chucking a huge mountain of money into the economy right now. it is already expanding rapidly. are you going to predict serious inflation, fairly soon? >> i don't know whether it will be fairly soon but i think before the end of the year we'll see wage rates under pressure, commodities prices are going up that's clear, crude prices is going up, that's clear. only thing not going up is gold. commodity prices are going higher. the only thing that kept inflation from being dramatic, are wage rates. wage rates at the end of the

year will go demonstrably. here in southern virginia, help-wanted signs everywhere. people looking for employees. wages will go higher. that is when inflation occurs. m2 is up 26, 27% year-over-year. that is egregious. that is inflationary. once we see that applied to the wages, they will go higher, that is when inflation numbers go to 2% to 3%, 4%, 5%, two or three years. no question. stuart: that is a warning signal. dennis, thanks for joining us. see you soon. back to the markets, twilio is a mover up 6%. susan what is the story? susan: you asked for it. i was surprised. twilio is cloud service provider, sends calls for uber ride. don't you find this surprising stu, with the 10-year treasury yield at 1.75, i thought.

inching higher. stuart: you have -- susan: you have high-tech growth names falling in the session. not the case today. shopify, other growth names are rallying big as well. by the way square is also in the win column, getting buy, outperform by kw securities $250 in their view. square benefiting from higher bitcoin prices. also the shift to online banking. harley-davidson upgraded to outperform by baird. i was bringing you this because you pointed to it earlier $45. that is up 20% or more? more people buying bikes according to baird. blackberry, we don't talk about the stock that much it is more after software licensing company than say a phone-maker these days and hardware. sales falling short for blackberry, short of wall street forecasts. that is because there is slower demand for the companies qnx

square software. the winners 10 years ago may not be the winners 10 years out. that is what the lesson is. stuart: i think so. let peace get into the bitcoin development. we have a development. on your screen, goldman sachs, they might offer bitcoin to some of their wealthy clients. that is the story i'm getting. what have you got? susan: that is the key, you have to be a rich client to get possibly access in the second quarter of this year, which is right around the corner, right? according to goldman's new head of digital assets goldman will offer a full spectrum in bitcoin. not just mean physical bitcoin but might offer derivatives, and other traditional investment vehicles. they're calling it the dawn of the internet for their clients. that is it what they want. goldman follows morgan stanley who already said they will offer access and products to bitcoin for their wealthy clients. fidelity, jpmorgan, these are traditional players looking to

offer bitcoin products to that their wealth clients as well. bitcoin, paypal, square, online, gen-z, millenials offering a way to buy. tesla, you can buy cars with your bitcoin. day after day, stu, most popular question i get online in person is bitcoin. should i buy at $58,000? stuart: same with me. i think bitcoin is becoming respectable. susan: you mean accessible, traditionally held and used like a currency? stuart: a year ago you and my might have mentioned bitcoin once a week. these days it is twice a day, three times a day. susan: money moves. stuart: all right. i will show some uncomfortable video. this is video of a crammed migrant facility holding in place. these are unaccompanied minors. this is donna, texas. this film, video just came out

yesterday. aoc says you better not call this migrant, people coming across the border, oh, don't call it a surge. watch this. >> want to say what about the surge? this is not a surge. these are children. stuart: arizona sheriff mark lamb facing this surge and that is what it is on a daily basis in his county. he is here on this show today. i'm sure he will call it a surge. one chicago area prep school asking students how they quote, wielded white privilege to do harm. yeah, we got the story. more madness. this time the march madness variety. dave portnoy is here to talk about this year's tournament. he is answering the question should student athletes be paid? we'll be back. ♪.

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get gym results at home. no expensive machines, no expensive memberships. go to aerotrainer.com to get yours now. ♪. stuart: the rally holds but not for the dow industrials which are down 20 points just like that. i have two news items concerning delta, the airline. first off, the ceo weighing in on georgia's election law. delta is a georgia-based company. the ceo says, quote, they engaged extensively, that's delta, with state elected officials in both parties to express our strong view that georgia must have a fair and secure election process delta is getting involved in georgia politics. a lot of companies are getting involved in georgia politics this voting bill, voting act down there, highly contentious, delta is right in the middle of

it. the second item from delta is, they will stop blocking middle seats beginning may the 1st. there is plenty demand for air travel these days. 20 days in a row more than a million tsa checks. i think it might be two million by this easter weekend. we'll see. prices are rising. delta opening up the middle seat. then there is this, the biden administration finally allowing the media to look inside of the border facilities. these pictures were taken in donna, texas, where 4,000 migrant kids kept in a space for 250. casey stegall is there. what else did you see on that tour, casey? reporter: stuart, we should point out it was a pool camera that walls allowed inside and a reporter to gather editorial information that was relayed out to everyone. the images were relayed to all of the networks. we did not get to physically go inside the facility, nor did

other reporters but, at least one did get inside. that is where we're seeing these pictures. we are learning some of the information that was told by officers there. officials say that there are 4100 currently at that facility in donna. out of that number, 3400 are kids. officials say that at least 39 of those kids have been at the processing site more than 15 days. the video showed extremely crowded conditions. the gym mat they sleep on, three inches. a thin metal i can sheet as a blank dealt. you have scale of how large this is from the air. this same tent city, if you will, you can see it is 185,000 square feet situated on some 40-acres. as we heard it is still not enough. >> a little while ago said she

lost her mom. that she doesn't have a father. so she is coming into this country because her uncle is going to be the sponsor. reporter: meantime the latest emergency intake center, it opened yesterday at fort bliss near el paso. the first 500 migrant teen boys arrived by bus. that location will have up to 5,000 beds. as you know, it as well is being used as joint base san antonio. those are two military installations converted into space for minors, in addition to the convention centers that opened, stuart. we've been telling you about other pop-up overflow facilities. really just the footprint is widening as the apprehensions here continue to rise. back to you. stuart: casey, thanks very much. alexandria ocasio-cortez says don't use the term, surge, when talking about border crossings. watch for yourself.

roll it. >> want to say, what about the surge? first of all, just gut check, stop. anyone who is using the term surge around you consciously is trying to invoke a militaristic frame. this is not a surge. these are children. stuart: don't call it a surge? let's ask the sheriff of penal county, arizona. it is one county away from the border and sheriff mark lamb joins us now. sheriff, would you call it a surge? what exactly are you seeing? >> oh, it is absolutely a surge. frankly aoc is clueless. she is is part of the problem because she did this misinformation before when president trump was there, caused a whole stir. now she is trying to walk it back the other way because it suits her politics. then when they go off start calling people racist, frankly as americans we're tired of that

every time somebody disagrees with their politics they immediately go to call us racists. the fact of the matter, we're americans that care about the country. we care about the american people. we care about these people are trying to come here as well. we care that the cartels are using them and abusing them and so this is a surge and we need to accept it and we need to deal with it and the federal government doesn't want to do that and it is shameful. stuart: you're in penal county, that is what, 40, 50, 60 miles from the border. do you see the migrants coming through your county, if you do see them, are you allowed to ask for identity, check them in anyway? >> we absolutely see them every day. we have the i-10 corridor. not only we see them in vehicles but come to the desert area south of our county. because i.c.e. and border patrol agents are stuck dealing with kids and families at the checkpoints, this leave this is desert area wide open for them to come through.

we're seeing huge increase what we're seeing. aoc talks about children. i hear all of this talk about children. just yesterday we had a guy ran from us for 40 miles. we ended up arresting him. when he did, he had child pornography on his phone. he has a history of bringing illegals into this country. we keep sending him back. we're seeing more. this is a travesty. that is the kind of people we're letting in. military age men and people who are child predators. stuart: mark lamb, thanks for spelling it out for us. >> thank you, stuart. appreciate it. stuart: yes, sir. all right, the struggle that is actually zoom school. yeah, it's a struggle. it is no laughing matter, but vice president harris seems to think it's a laughing matter. she is laughing. roll tape. >> more parents are seeing the value of educators when they had to sit -- [laughter]. stuart: i don't get it. i really don't. we'll play the full video for you just ahead.

president biden set to roll out the two trillion dollar bill today, his plan. how will he pay for it? i will ask former white house budget director mick mulvaney the question. ♪. we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of, we're made for.

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♪. ♪ hey big spender, spend a ♪ stuart: i call that food producing. why are we playing that, hey big spender? for president biden of course. he will reveal his massive infrastructure plan today. let's bring in mick mulvaney. mick, how much of this will he actually get? for benefit of viewers, run through a couple items, 600 billion road and bridges 300 billion for the elderly, 300 billion drinking water, 400 billion, affordable housing. that is huge long list, how much will he actually get? >> thanks for having me. normally people play the grinch music. thanks for that. most of it, keep in mind chuck assumer introduced a new concept

in washington of a third reconciliation bill. we all knew he could do two. reconciliation bills are the tools you can use to pass stuff in the senate with only a simple majority and not 60 votes. schumer broke with tradition today said he will do this at least three times. could do it even more than that if you look at the world now through a majoritarian senate, the answer to your question is probably most of the thing. i think centrist democrats push back on whether or not child care is really infrastructure, whether or not free community college is really infrastructure. it is not obviously. most democrats will try to say that it is in order to pass it. there will be some pressure points within the democrat senate but my guess is most of what you just read off of that list will be passed in some fashion or another over the course of the next 12 months. stuart: he says, the administration says they will pay for it by taxing the rich, taxing big corporations. i think that will bring in enough money. they will end up borrowing trillions, aren't they?

>> the two have nothing to do with each other. this is what i try to explain to people several times. you and i talked about this. the spending and taxes have nothing to do with each other. democrats want to spend money. they have the ability to do that. elections have consequences there you go. they also want to raise taxes on the rich. they want to do that regardless how much money they're spending. the real fiction that one is linked to the other, that one will pay for the other. it is not. corporate tax even at highest estimates raises $230 billion over 10 years. it is nothing. but principle for them. it's a pound of flesh. it's a political thing. that is not an economic argument. yes spending will go up. yes taxes will go up but the two things are detached from each other. you should not look at them in the same breadth. stuart: the most radical plan i ever seen presented to the united states congress. the most radical by far. i call it socialism dressed up as a green new deal. what say you? >> elections have consequences. this is what they said we would do if we elected them, we, the

nation did. i think folks need to look at it very critically and understand what it is. when someone says infrastructure bill. it is right to ask the question, is elderly care infrastructure? i thought infrastructure was roads and bridges. that is the debate that needs to happen. what debate needs to happen, impact on inflation? even hard left-wing economists are starting to raise red flags about inflation. the next question who is impacted by that? what portions of the population? what is the effect on the markets. it is going to happen, stuart, elections do have consequences. doesn't mean we should end debate about implications of that, what it means for the future. stuart: do you think there is a backlash against it by the time 2022 elections roll out? >> there usually is, anytime one party over reaches. keep in mind the democrat majority is woefully thin. it is a 50-50 margin in the senate. most predictions, that narrow margin they have in the house will evaporate in 2022.

but give the democrats credit. they have always pushed hard when they have the ability to do that. how they passed the affordable care act. i think one people are starting to see through this veneer of bipartisanship and unity in washington, d.c. this is right back to the early days of barack obama where the, democrats will force through everything they possibly can. the voters need to recognize that. stuart: democrats are very good at politics. that is a fact. mick mulvaney, i hope to see you again soon. >> thank you, sir. stuart: vice president harris under fire for laughing at another question. ashley, you have to come into this. she was laughing, i mean, strongly here about getting kids back into the classroom. give me the full story? ashley: yeah. it's strange, isn't it? the optics are certainly not good. the vice president does have a habit at laughing at serious subjects. the latest example happened in connecticut while talking about the impact of covid on school teachers and parents. take a look.

>> more parents are seeing the value of educators when they had to sit with their kids [laughter] [applause] we're not paying them nearly enough. [laughter] ashley: that laughter quickly led to backlash on social media. one person saying, quote, there are millions of working parents who must think it is hilarious that they can't send their children to school this morning. others asked, is this what she does when she is nervous, unprepared or perhaps both? another twitter user said look, there is something wrong. everything is a joke. where are her pr comes team. it is perhaps a habit. we saw this before, did we not, when she was asked if she would visit the border, she kind of laughed which is inappropriate given everything going on at the border. i'm not sure what is going on. again the optics are not good. stuart: hysterical laughter from the vice president of the united states is not always kind of

cool. wait a minute, ash. another one for you. you know, the prep school in illinois asking kids how they benefited from white privilege. again, give me the story. ashley: here we go again. loyola academy north of chicago. where bill murray, the actor, comedian went. they asked students not only how they benefited from white privilege but how they wield this benefit. how uncomfortable it all made them feel. here is excerpt of a question. it reads, what have you learned about the ways you have specifically wield this privilege, that does harm, whether you intended it to or not? dig deep, the question says. no sugarcoating. no focusing on the good you have done with your privilege. remember, this isn't about being self-congratulatory. it is about pulling out white supremacy, wow. some juniors who took the questionnaire in this ethics class were not happy. some felt it was manipulative like a chinese reeducation camp

with opinions pushed as facts. loyola's website says the school is committed to a welcoming accepting school culture which all members feel a genuine sense of belonging. isn't it nice. not apparently if you're conservative. they denied a effort to turning point usa. charlie kirk's group. they called it anti-cemig and racist. there you have it. stuart: you can't make this stuff up, can you? >> you really can't. stuart: that is it reality for you. ash, thanks very much indeed. not even "spongebob squarepants" is safe from the woke mob. we'll tell you why nickelodeon is pulling two episodes. teens 16 and up, rolling up their sleeves for the covid jab in indiana. that's good. grady trimble is there. he has got a report for us after this. ♪.

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♪. stuart: whoa, you see that nasdaq? that is a rally. it is up 229 points, 1.7%. i'm telling you right now technology is doing well. pfizer says its covid vaccine is 100% effective in youngsters 12 to 15. they're going to submit their new data to the fda asap. children could get a jab before the new school year. we'll see. grady trimble though, he is at a vaccination site in indiana where teens 16 and up can get the jab. grady, how many other states are letting kids get the jab that young? reporter: more than 20 states in fact stuart, all adults that includes, 1-year-olds as well vaccinated. in fact we have a map that shows

all of the states by the end of this week will let anyone 16 and up, by mid-april, that number will be more than 30 states. we really are getting somewhere with the rollout and vaccine eligibility. now if you look at this vaccination site you can tell most of the people here are not teenagers and that's -- they have to finish the appointments that they have already had scheduled for the last several days and weeks before they can get those youngsters in for their shots. a lot of high schools though are thinking about even setting up vaccination sites at high schools to make the rollout even easier. the person, the head of the health department here in this county, lake county, indiana, explains that it will still take a little bit of time for teenagers and younger adults to get vaccinated but certainly sign up now that you're eligible. listen. >> people eligible now, it will take them a few days, a few weeks to receive the vaccine. so they need to be patient.

reporter: and of course with 16, 17, 18-year-olds getting vaccinated, that means some high schoolers will get the jab very shortly. as you mentioned with the new numbers from pfizer they will be vaccinating potentially 12 to 15-year-olds before next school year, stu. stuart: thank you very much, grady indeed. let's talk about volkswagen they will rebrand and name changing. apparently that is not the case. susan: april fool's day, not everybody is laughing about it. a lot of people took it seriously. critics may be badly miscalculated pr stunt. you're right, volkswagen sad earlier this week it would rebrand to voltswagen instead. that was a way to promote electric cars and first all electric suv called the id-4. investors thought it was for real. the stock started moving.

volkswagen had to step in we're kidding. april fool's day. it was not really april the 1st. i was a bit confused. the stock actually rallied when they thought they were changing their name to voltswagen. they were up 12% in the u.s. and frankfurt. they said actually kidding here, the stock went down. maybe there was approval of a name change. stuart: it backfired. down 4% right now. 36 bucks, volkswagen. susan thank you. the big question before the supreme court today, should college athletes be paid? i will put the question to our next guest, dave portnoy. he is here after this. ♪. ♪

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got it all. got started during the pandemic. check out this jersey, kennedy meeks, carolina. he wore this jersey, maybe set you back 1100 bucks. look at this, size 17, jay sneaker he wore during some games. not sure how that costs. got new inventory. they will test the market. they're still operating out of the family garage. they are looking for space. we're joined by cofounder hunter pomerantz. you got started in this business trying to collect former college athletes with the fan base. it is former because current athletes cannot make money based on their athletic status. you disagree with that. it is time for a change. supreme court is hearing arguments about that today. why do you think current athletes can earn income? >> for us it is about player empowerment and put power back

in the athletes hand with the athletes trunk. as a former student manager. we saw how hard these guys work on day-to-day basis. the march madness tournament brings in millions and millions of dollars of revenue. we believe athletes play in that deserve a piece of pie. if the legislation is pass sooner than later we hope the athletes can monetize their image, and likeness. reporter: the supreme court could pave the way changing the landscape, give the athletes earn income based on name, likeness as a college athlete. that decision is expected to come this summer, stuart. stuart: thank you, lydia. we need a drum roll, our next guest, certainly deserves one. dave portnoy the man himself. barstool sports. do you think college athletes should be paid?

>> yeah. what other profession do they limit your income earning potential? doesn't matter videogames, announcing, business, if very good, the best what you can do, you can make money, as far as i know that is the only profession in the world where they limit it. you know, ncaa is the mafia. they were one of the four organizations stuart nobody likes. everybody hates them. ncaa is a joke. i don't know how it is legal. if you are very good, can make money on your name shouldn't matter how hold you are. stuart: what impact do you think it would have, if indeed college athletes were paid? would it completely change college sports? >> yeah. i think it will and i think the ncaa is already starting to take steps towards that but it will drastically alter the landscape of everything. the ncaa had this monopoly over people. it will be interesting to see how it plays out. from a fan perspective i don't know that it is the best. it is also transitioned

rivalries, things people like will be in jeopardy but when you think about it logically, of course, people are making money off you, you should be allowed to make money, no doubt about it. stuart: i'm with all the way on that. if you're making money for the institution you should share in the money you're making for them. how about the march madness this year, how does it compare to 2019 or 2018 when you have no crowds in the stands? the same level of enthusiasm and excitement this year? >> i think the ratings have shown, they switched up the schedule which is crazy. i am a michigan guy. i stay up to 2:00 a.m. to watch them lose. i deserve the medal of honor showing up today. that is screwing it up. people are craving sports. it is something to watch. we missed it last year. obviously crowds make a huge difference in every sport but we're getting there. something is better than nothing. with the pandemic, i think people appreciate it more. stuart: did you see that japan

beat mongolia in a world cup qualifier yesterday 14-nil? i'm sure you were glued to that. >> i was watching a tv show on grass growing stuart. stuart: very funny, very funny. you don't like soccer at all? what is wrong with you? >> no, listen, we have an arsenal guy. he is electric. we do the live streams. we brought him over from england. he is great. we have the best live soccer shows going. you have come in one day. you would be part of the crew. stuart: if you're not careful portnoy i might do that. >> what is your team? who is your team? stuart: used to be liverpool when they were winning all the time but now they're losing all the time. i switched to man city. >> so you're like lebron james, you're a front-runner? stuart: basically yes. don't get me into hot water, portnoy. i'm on dangerous ground right here. let me change the subject. how is your bracket doing? >> not good, not good.

it is all, i was, i bet on two teams to make it to the championship and they both lost in like the first round. so i was a disaster. not good at all. producers like asked, stuart how is his bracket? why? i know he doesn't know a basketball from a baseball, what is the point asking him that. stuart: you got that one in, portnoy. that was pretty good actually. that is a backdoor sort of hit. i will take that. one last one, you lost some money on gamestop as i recall. >> true. stuart: where are you putting your money now? is there any individual stock that you're getting into? >> yeah. i mean i'm betting on penn, my stocks, i say. i could be wrong, it has gone down a little bit. i still think gambling is one of the few legalized vices, marijuana. i love the upside on it. i don't know the next time you will get a legalized vice state by state. it will all be legal. i'm betting on myself, stuart.

i like my face. i'm betting on myself. stuart: legalized vice. that is good one. you come up with great lines, portnoy. come back on the show, dave. >> thank you. take care. stuart: here is what is coming up, a big hour, we have ben domenech, will cain, governor of north dakota, and this, the complete silencing after president, not biden, president trump. absolutely silencing a president of the united states. i find that unbelievable. we'll cover it next. seminole. [announcer] durán catches leonard with a big left. ♪♪ you can spend your life in boxing or any other business, but one day, you're gonna take a hit you didn't see coming.

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>> how many boondoggles are attached. that is the problem for the markets. >> it is easy to get spending by congress, it will be a different matter when it comes to increasing taxes for the purpose of funding increased government spending. >> this is a horror show and no one is willing to step in front of it. >> these boneheaded policies being put in place.

>> it is 11:00 eastern time, it is march 30 first. we have good news and bad news, the cdc announced covid was the third leading cause of death in 2020. more than 547,000 people died from the virus in the united states. pfizer says it's covid vaccine is 100% safe and effective for kids between 12 and 15. that could be eligible for the jab before the new school year if the fda gets emergency approval. we are holding onto a solid gain for the nasdaq. the s&p had another all-time high, the dow is up 17 points. now this.

lara trump posted on facebook and interview she had conducted with her father-in-law donald trump, facebook took it down. this is a president and from the world's leading social network, facebook says, quote, content posted on facebook and instagram in the voice of donald trump is not currently allowed. the guidance applies to all campaign accounts and pages including team trump, the campaign messaging vehicles on our platform and former service. that sound like a total ban to me and that is what it is. the complete silencing of the president of the united states. i find that incredible. i can understand why they are doing it, facebook things can win favor with democrats by silencing trump, a republican and facebook is in a battle over regulation. i understand why they are doing

it but what they are doing is absolutely unconscionable but i can't see banning the president and this presidential ban comes on top of the ridiculous cancel culture which obliterates anyone who may have said anything the woke generation doesn't like. free-speech is our most basic freedom and it is slipping away from us. you can't speak about race, gender, sexuality, you take a risk expressing conservative opinions and what the president's interview with his own daughter in law is band you know america is in trouble. third hour of "varney and company" about to begin. i want to bring in will kane. you heard my take. what is happening to free speech in this country? i think we are in trouble.

>> it is rapidly rapidly disappearing. your my take was spot on as is usually the case. if you are watching at home you have to ask this could happen to a former president of the united states why can't it happened to me? of course it can happen to you. there was a time when people on the left considered themselves rebellious independent thinkers. if you are on the left think about what you signed up for, the majority area point of view backed by big government, big tech, corporate america, the approved point of view. there's nothing independent, free or rebellious about your line of thinking was anyone disagrees with you you are forcing into the underground and if it can happen to a former president it can happen to anyone. it should be terrifying. stuart: it is to me. free-speech is so basic you

can't solve any problem, you can't come together if you can't speak freely. i have had my say, you have had your say, let's move on. 65% of voters approve of the president's handling of the virus but only 34% approve of his handling of the border crisis, 34%. the president is really vulnerable on that issue. >> it is an issue he created, his rhetoric, his policies have directly created. you don't have to take my word, you can take the word of the migrants at the border who will tell you, they've heard from families, they heard the filtering down a political message or the sales pitch of the cartel that the doors are open, the welcome mat is out and now is the time to migrate to the united states of america, that is joe biden's problem to handle and it is not being handled. as the approval rating on the vaccine and the virus, joe biden has done a good job pushing the vaccine out but it

is not a partisan point to say most of the foundations of that was laid over the past year over two administrations primarily during the administration of donald trump. in one instance we have a shared virtue. on the other a solely owned bite when it comes to joe biden at the border. stuart: you are a sports guy. do you want, i talked to dave portnoy, ncaa athletes should be paid, quite dramatic about it. where does will kane stand on paying college athletes? >> i will address your question, and first of all, i believe in capitalism and people with unique skill sets in the marketplace.

that includes highly trained, highly talented athletes. i don't think they should be boxed out of the marketplace but the nuance is it doesn't mean the ncaa has to pay those athletes, they have chosen a scholarship of free education as their form of payment. professionally like the nba or nfl open up their labor pool for people to join whenever they want, what is keeping those guys from getting paid their free market value, the nba and nfl say you can't come here. until you've done 3 years of college. that is the problem to me. and you love soccer, you have to be faithful to your life, you don't get to flip around on teams when your team starts losing. you don't get to switch from liverpool to man city because you like the yous, that is an indictment on your character. stuart: an indictment on my character? do you know what you are doing?

and will kane, everybody. let's get back to the markets, nasdaq up over 200 points, you are taking a close look at big tech. >> i wonder what they were thinking of will kane's comments. the s&p 500 hit a record high, we are looking at the rally in high growth tech names, underperformers in 2021, this is the last day of the month and the quarter. it typically happens, and a value outperforms growth.

check out the value pays, the dynamics after this, values like travel bank industrials falling today, high growths in the world and also looking at some elevated 10 year yield as well. one year 7, the interesting market dynamic today, treasury yields are still above one.7, usually money comes out of these technology names, these elevated yield levels. the traditional plays, value plays, the dow is up 8%, profittaking at the end of the quarter but overall, the biggest single contributor has got to be applicable world's

biggest company, $2 trillion, ups calling a by with 142 on the future apple part. it is a long way out but you play for the future in stock market. the s&p closed, hit a record, the average wall street estimates, 120 points. stuart: we are at 3981, that's close to the 4000 number. >> less than 10% upside if those analysts are correct. stuart: we still have a big show for you. what does he think of the president's green energy push? i will ask him. most people see cancel culture

as a threat to their freedom but what is being done to stop cancel culture? britney spears cannot stop making headlines. ♪♪ stuart: britney spears breaking the silence about her documentary on her life. we have her reaction coming up. ♪♪ ♪ ♪ ♪ ♪

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stuart: i like that. the numbers behind the so-called infrastructure planner out, a green energy wish list for the democrats. hillary vaughn is in pittsburgh where the president will layout the plan later on. break it down for us. >> reporter: the white house promises trillions of dollars in new government spending will translate to millions of new union jobs but we talk to the boilermaker union in pittsburgh and they are concerned they are going to be part of work by green energy initiatives moving away from fossil fuels and natural gas but also if they get a promised green energy jobs at that job is only going to be temporary. >> the other thing nobody realizes is once these wind farms and solar farms are built

there is no maintenance to them. we play a large role maintaining these power plants, gives us tens of thousands of man-hours a year building the infrastructure and maintaining that infrastructure. those hours are gone. >> reporter: the us chamber of commerce blasting the tax hikes that were incorporated into the infrastructure and jobs package saying businesses should not be targeted to pay for new infrastructure projects but instead people benefiting from those projects should be paying the price saying, quote, we believe the proposal is danger he misguided when it comes to how to pay for infrastructure. we oppose general tax increases proposed by the administration which will slow the economic recovery and make the us less competitive, the opposite of the goals of the infrastructure plan, that is something president biden himself talks a lot about when it comes to china but part of this plan would raise the corporate tax rate of 28% which is 3% higher than china's corporate tax rate

for their businesses. stuart: the main story of the day $2 trillion worth of floor spending coming down the pike. thanks for breaking it down. let's change the subject, something completely different, two spongebob squarepants episodes have been pulled from the screening service. one is centered around the virus outbreak. nickelodeon thinks it is too sensitive, this as a new poll shows 64% view cancel culture as a threat to freedom. the come on in, ben, they may not like it but they can't stop it. i see no pushback, no stopping of the cancel culture thus far. do you? >> i don't. i think in america we have always prized the ability to speak freely, to have freedom of thought and freedom of engagement and all manner of

controversial ideas but sadly we are reaching a point were corporate interests are being weapon ice against freedom of speech in all manner of ways. they are doing things that frankly the government would not be able to do. it would be unconstitutional for the government to demand something like this be taken down but frankly these corporations are being weapon eyes via all these leftist activists who engage in a blackmail campaign that happens over and over where they say fire this person, get rid of this episode, eliminating this type of expression and they say it over and over loudly enough that they get paid attention to buy big tech and big business and unfortunately we are reaching a point where we are going to have to create spaces that are going to support

different creators of speech and thought to resist this kind of push. stuart: i think you are right. you saw this, facebook removed lara trump's interview with her father-in-law, how can you been a president? >> this is absurd. this is a newsworthy event. the idea that you would say you can't express something via an interview, this is absurd. we should understand there have been all sorts of interviews, things that have run on tv, cable tv, broadcast tv over the years including interviews with dictators, with people we don't particularly like in america but the idea that you would shutdown a conversation with a former president of the united states saying this is dangerous and unacceptable speech it is important, it is anti-news, anti-free-speech in the kind of

thing i hope americans will rise up and reject, something that is ridiculous. stuart: this is the turning point when you ban a president of the united states, that is a big deal and we should be paying attention. safari i am out of time, i could talk about this all day long, good to see you again soon. i am going to call this ashley's hollywood headline. we broke the bank so it come on in. you got the latest. we spend money on that thing, should be happy. what are you going to tell me about. ashley: coming out of my paycheck, britney spears, let's talk about britney spears in ashley's hollywood headline, spears said she was embarrassed and in tears by the way she was portrayed in the documentary framing britney spears which covered the singer's rise to fame. the conservatorship battle over

her estate and the free britney movement driven by her fans writing on it to graham spears says she cried for two weeks and still cries, the singer is trying to have her father removed as conservator, that arrangement is in place since 2008. we hear from britney. stuart: you get your money's worth out of the graphic. star of the real housewives of salt lake city has been arrested. what did she allegedly do? ashley: what a story. jennifer shar has been arrested and charged, a nationwide telemarketing scheme. now the indictment alleges that the scheme defrauded hundreds of victims out of thousands of dollars by selling business services like coaching sessions, tax prep and web

design all marketed to make their online businesses more profitable. turned out that wasn't the case and prosecutors claim it was a scam with many victims being elderly and didn't even own a computer. 30 years in prison and that includes today's hollywood headline. stuart: you made your point. you can fly new york to london in less than an hour. it could be a reality sooner than you think. i'm skeptical on this but we will cover the story for you coming up. president biden calling on governors to bring back the mask mandate's. >> this is not politics, reinstate the mandate.

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one radio listeners, the dow down 24, the nasdaq is up 212. that came to us moments ago, white house covid advisor called on governors, ran the graphic right there. covid advisor from the white house calling on all states to reinstate mask mandates. doubling john what president biden said earlier this week. and there are 17 states without mask mandates and include north dakota. you heard what the white house has to say about this. will you reinstate mask rules in your state?

>> that is not on the table for north dakota. when we had protocols in place november to mid january with pressure on the hospital capacity, it made sense that here we are in north dakota the lowest percentage of positive cases in the country, we got 91% of people in long-term care, hospital cases are 19 in the state. to protect the most vulnerable, and kids are in school, economy is open and people are free, the freedoms people want in north dakota, we believe masks can work and people should wear them when appropriate, it is

what people do, not what government says. stuart: let people make their own decisions but if there is a pickup in cases in north dakota, the positivity rate goes up, they will say you've got blood on your hands. >> the trump administration. to have these advances, highly extensive vacuum vaccines. it's done a huge thing to reduce hospitalization. north dakota has been among the

leaders and testing. and they are growing up on younger people, have hospital capacity. we are pursuing our goal, and keep schools open and keep our economy open and keep pursuing those golden or data-driven way. stuart: in what way were the president's green energy proposals affect the state. >> we have seen some of that affect and we are the number 2 oil-producing state in the nation, tremendous producer of electricity, we have a plan going forward that allows our nation to be successful it has

to happen through innovation, not regulation. there is an opportunity for us as a state of north dakota to be a carbon neutral state, we have the opportunity to be high-energy producing state and use additional sources, we can be a leader in carbon sequestration, we have geology in north dakota to lead the way on those but you need our and the dollars and companies willing to invest in fat. geopolitically sell energy, friends and allies, reversing course on that and after fighting wars in the middle east for the last 50 years the we were going to be out of that business because we had independent energy security for our country and there is a way we can do that, the energy is secure and we can do it in a carbon neutral way require innovation, the opposite of this regulatory approach which is being taken right now. stuart: we wish you the very best of luck operating in a

difficult climate, appreciate it always. i'm going to check my pot stocks, cannabis stocks. ashley, breaking news from new york. what is that? ashley: governor cuomo signed the marijuana bill into law in the last 30 minutes legalizing recreational use of marijuana for those over 21 and to use the drug freely. legal sales could follow as soon as next year, new york joining two territories and washington dc and legalizing adult use of marijuana. meantime virginia is on the verge of legalizing simple possession of marijuana for adults, that would start in july, they begin next month but people would not be allowed to distribute or sell any marijuana in virginia but no

moat doubt the momentum is growing and gaining on the use of marijuana in this country. stuart: it is fascinating governor cuomo is opening the marijuana market but were not open new york's economy. we talked to a governor of north dakota who is getting away from the mask mandate, doesn't want to go back to it, has opened up his state entirely. we didn't get into the subject of pot in north dakota. what a contrast. look at this on your screen, talking about the recovery. 20 straight days the tsa has checked in million airline passengers, looking at tuesday's total over 1 million. 20 straight days over 1 million. the airline stocks should be doing okay. they are a recovery story. ashley is on camera and he will tell us about this supersonic

jet that could fly from new york to london in less than an hour. when can i buy a ticket? i don't believe it is coming anytime soon. ashley: by the end of the decade, don't start standing in line just yet. we are talking speeds of mach 3 to mach 5 or in layman's terms, 2330800 miles per hour. it is the goal of the florida-based playmaker, area on who unveiled its concept plane this week that could carry 50 passengers with a range of 7000 not ago miles, pretty sleek looking, is it not? they working with nasa on some of the research, the ultimate goal is to travel between any two points in the world within 3 hours and we all remember, i know you've been on it, the last supersonic passenger jet was the concorde, that retired from service 17 years ago since concorde was flying.

stuart: a wonderful machine. i flew on and on a couple times, if i do chance to fly on that supersonic jet london to new york and new york to london i would be on it in a flash if i could afford it. we have yuma, arizona seeing a huge surge, not supposed to use that word according to aoc, surge in migrants, the mayor demanding a federal response, he is on the show next but first vice president harris laughing again, this time when asked about school closures, role tape. >> more parents are seeing the value of educators. stuart: i don't think laughing on that issue, by the vice president of the united states, i think it is inappropriate, that's my judgment on it. we have more on it in just a

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stuart: the nasdaq is up 214 points so show me some nasdaq winners. walgreen boots, and their up sharply as well. pfizer says it's vaccine, that age bracket could be eligible for the day before the new school year starts. in the meantime, schools are

looking at enhanced summer learning programs. they hope will make up for lost education during the pandemic, edward lawrence with us now. do we know anything about these programs, lobbying person, virtual what? >> we are starting to hear about this learning deficit, back at the ymca in washington dc, they are expanding programs now for kids age 2 through 13 as well as summer programs really were kids can learn and interact with each other. listen. >> we need to be able to offer 2 children, 2 families so that when school starts in the fall, they are going to be confident to walk into schools feeling like there where they need to be. >> reporter: the issue is not local to washington dc, school systems in both states are

starting to look at this expanded summer learning experience and in the state of nevada a bill is working to the state senate which will make it free-for-all kids to have the actual in person learning over the summer. the amount of time kids are spending in front of screens as well as lack of interaction for social graces and social education the kids are missing out on and they want to see the american rescue plan with the ymca joining with schools to expand that learning. stuart: you have a young son, 6 years old, does he want to want him to go? >> i want to do the summer things.

my mom was an educator for 50 years, brought her out of a retirement to help with virtual learning and i had all those problems where my son would shut the screen on the computer, to get it opening back up, i had those difficulties but i want him to get outside and experience that, soccer, baseball, all those things. stuart: many millions of parents i just like you. thanks for sharing with us. now this, president biden put a end to border wall construction so why is it costing millions of dollars every week? we have a story. yuma, arizona seeing 5 times more migrants this year than last year. the mayor says the city needs help and once it fast and he is on the show. ♪♪

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dollars to contractors every week. in an abandoned border construction site in california, why are we still paying if there is no construction? >> you are contractually obligated to do it. that is what the contract says but these belong in holes like this one. down the hill there are thousands of tons of steel and i will show you where it belongs which is amazing and this wall would be done hadn't president biden stopped at his first week in office and he gave the dhs secretary two month to resume, modify what has the contract in his report is a weekly. meantime the workers walked off the job, thousands of tons of steel, heavy machinery standing idle but nothing is getting done and taxpayers are paying for it. experts say canceling the contracts would cost more than completing the wall.

>> the contractor hasn't stopped receiving money even though they are not working. the contractors are being paid, workers, equipment, t real it can't be deployed because they are on contract to build project. >> reporter: donald trump built 455 miles of wall. biden has enough money left, $3 billion to finish 200 more miles in 39 locations across the border mostly in texas. these have become a highway for migrants not just here but elsewhere. yesterday in san diego we saw what appeared to be a family crossing the border. a man had a child, turns out he is a smuggler. he abandons the honduran woman, runs back to mexico, she crosses through the biden gap to the border patrol. we saw this happen all they, brazilians, nicaraguans, africans, critics say these fences are harmful to the

environment, urging president biden to tear down certain sections and restore habitat. >> a good thing the construction crews are not at work and the bulldozers are destroying the borderlands today as we speak but we can't breathe a sigh of relief until these contracts - >> reporter: as senator biden he voted for 700 miles of fence in 2006, now he says these fences don't work but the most important thing, agents tell me the last thing that goes in are the sensors underground, the lights and cameras that give situational awareness to tell them what is happening. this gaetz doesn't have a motor on it. the last from here to the coast is right here, nothing here. agents are extremely frustrated, not only could this be done, they don't have their eyes on the border which is the intent of the border system. we will find out what the

president will do in the next few months. stuart: that was a real eye-opener, thank you for bringing it to us because i didn't know any of that. good stuff indeed. i am going to show you yuma, arizona. there is yuma 26 miles from the border with mexico. the mayor of yuma douglas nichols joins us now. since february 15th the border patrol released 500 migrants in your city, in yuma. have you been swamped by this? >> we have had nonprofits stand up to help take care of the numbers and the numbers are cresting 2000. the nonprofits have jumped in to mitigate that issue but communities like gila bend where they don't have a

nonprofit structure, as these numbers continue to increase it will exceed capacity to handle it locally. stuart: i using any spike in covid positives? >> the nonprofit group has been testing all the releases and the brazilian variant identified, the numbers are looking pretty good, to manage the release of people coming from border patrol. >> what happens then, all over the country, is that how it works. >> and they are released to the nonprofit structure. they did a quick test, a rapid

test for covid. if they are positive they are put up in a hotel. a bus move them to a regional shelter throughout the region, 3 to 4 hours of travel away from yuma is where they end up going to get into the system of getting transportation arranged for their ultimate destination. stuart: what do local people think of this? >> everyone is concerned, everyone wants to know how we will deal with covid issues? what is the long-term plan? is this sustainable? those are questions i get on a routine basis. stuart: have you asked for help from the feds? >> we have. we had a meeting a couple weeks ago with fema and dhs. there is some funding coming through. makes some of this bearable but in the long term there is no

plan to arrest what is going on to stop these releases. i don't think it is sustainable. all these nonprofits have missions, doing things for the community and they have diverged from some of those missions to address this humanitarian issue. stuart: it is unsustainable in yuma. thanks for being with us, appreciate it. we heard it from the senate minority leader mitch mcconnell, he calls the president's infrastructure package a trojan horse for a major tax increase. he will have a hard time supporting it, that is from mitch mcconnell. more varney after this. freedom has no limits. there's no such thing as too many adventures...

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♪. >> who is your team? stuart: used to be liverpool when they were winning all the time. now they're losing all the time. i switched to man city. how about you? >> you're like lebron james, you're a front runner? stuart: basically yes. >> you don't switch from liverpool to man city because you like the ws. that is an indictment on my character. you have to stick with liverpool. stuart: an indictment on my character. you know what you're doing, cain. did you see that, ashley. >> they were so right, portnoy,

cain, fair weather supporter, varney. no room for that in sports. stuart: i'm trying to think of an adequate comeback. i have 10 seconds left in the entire show. i can't think of something that would be poignant, feisty to go back at you with. >> yes. stuart: three, two, one, time's up, neil, it is yours. neil: what is soccer, by the way. stuart: get out of here. neil: another, thank you very much, stuart. appreciate all of that. let's look where we are at the corner of wall and broad where we are. trying to hold on to a gain in the dow. speaking to stock goo are you charlie braid, how the month and quarter could end up today. certainly looking good for a strong month, at least stronger than many thought it would be with the gyrations we saw. a blitzkrieg of a quarter. we'll get into details. what is pushing this. in could be fourth quarter up in a row, back to bach quarters.