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tv   Varney Company  FOX Business  April 20, 2021 9:00am-12:00pm EDT

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maria: have a great day. have a great day, stuart takes it over, "varney and company" begins. stuart: i like that bit about grandparents, i really like that. good morning, everyone. this is the day the crypto crowd was supposed to run up the dogcoin to one dollar but that didn't happen. the last quote we saw was $0.40. dogcoin up 87% this year. hashtag dogdoor 120 appears in snickers marketing, 420,
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marijuana day, the munchies. i will move on. a new player emerges in the crypto marketplace. they will allow you to hold and use bitcoin. we should also tell you we work, well except bitcoin. starts trading on the toronto exchange. i will give you the bitcoin price right now on the day when cryptos go further into the mainstream. that is happening, 56,000 bucks a coin on bitcoin. the markets are going down, s&p down 15. apple will introduce new products. looks like a new ipad is coming. i wonder if there will be any mention of an eye car. tesla took a hit after two men
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died in a fiery crash of a tesla car. overnight elon musk tweeted that the car's autopilot system was not involved but tesla stock is down 0.8%, $708 is your price. the political scene dominated by the chauvin trial, a verdict of murder or else. the judge says her comments can be used in any appeal of the guilty verdict. kevin mccarthy may introduce a motion to censure her. that is very important. some democrats are worried about waters's impact on next year's elections and to register their disapproval. could it be democrats finally turn on one of their own? it could happen. april 20th, a date with meaning for some of our viewers. "varney and company" is about to begin. ♪♪
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stuart: i am back. i'm not stuck in any kind of groove but i like new york city. maria: you were trying to teach me about 420 being cannabis and dogcoin day, you would know over me that it has significant. stuart: i am much older than you. maria: you are very young, that is the thing. to something serious. derek chauvin after i will resume, this as the trial judge criticizes congresswoman maxine waters for comments. >> i will give you congresswoman waters give you
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something on appeal, the trial being overturned. i wish they would stop talking about this case, they want to give their opinions, they should do so in a respectful and in a manner that is consistent with their oath to the constitution. their failure to do so is up aren't. stuart: congresswoman waters had police protection in minnesota at her request. meanwhile florida's governor rhonda santos is doing something about possible rioting. he signed a new antiriot law. listen to this. >> if you write, if you lose, if you harm others particularly if you find harm a law enforcement officer during one of these violent assemblies you are going to jail. we will hold you accountable, not necessarily in florida,
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where cities burnt. people were being harmed, to stand down. you are responsible for the damage, not let the mob win the day. stuart: that law goes into effect immediately. i will tackle all of this in my take at the top of the 10:00 hour. a downside move, edward denny is with us. was that about stimulus stock? is that would hit the economy? what a stimulus shock? >> too much stimulus. stimulus checks, a lot of people didn't need the money, the first round was helpful, keep sending checks to people that don't need the money and as a result a huge increase in
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personal saving, huge increase in m 2 which is one of the most reliable measures of liquidity in the system, we have plenty of stimulus in the system that will keep us going through the end of the year. i don't know that we need anymore or the labor to accommodate the infrastructure dreams the administration is trying to enact. stuart: if you haven't got the labor to fill the jobs in the natural reaction to raise wages, to invite people back to the job, more incentives? >> not sure that will do the trick. the labor shortage going into the pandemic, the economy was red hot, employers couldn't find a way to higher. there's a shortage
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demographically, inducing the labor force, it is not based on productivity, you will get inflation which means higher rates and that could cause a calamity down the road. we need to let the stimulus that has already been in the system work its way through without pouring some more in. stuart: tell me about profit reports. we received several this morning and yesterday the whole week we had a few. how do they stand at this moment? >> the story here is great for corporate profits and it looks as though corporate profits looking at a 25% increase, it will be a 30% increase for the year and a year-over-year basis the second quarter is not going to be the peak growth rate, 70% on a year-over-year basis. stuart: that is huge. that justifies the melt up on the stock market.
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>> more help wanted signs, can you spare some time? i have a job for you if you want it and that is the problem we are facing. a good problem to have. don't misunderstand me, too much of a good thing is too much of a good thing. stuart: when does the end the why does it end and what happens when it ends, thanks for joining us. i have to get back to the dogcoin, traders pushing to make today dogday. bear in mind you know my feelings about dogcoin, what is with dogday. >> happy dogday, april 20th no longer cannabis day, and, up to
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one dollar the coin, and one of the boosters of big celebrity boosters, and isn't it the most single most influential believe when it comes to dogcoin but going to infinity and beyond, that is pretty much where dogcoin prices have gone to the moon, 8000% this year. one dollar at the start of 2021 that is worth $80, it is only april. a $50 billion market cap and counting, the surprised a lot of viewers. and we have dogcoin with ford motor, and right behind twitter, isn't that incredible for crypto currency that started as a joke? stuart: that is the important
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point. on screen right now paypal. doesn't that make it more -- >> just read off of my script and predict the next move. stuart: i've heard enough about dogcoin. >> there is more adoption and usage and buying and selling and trading. that happened with bitcoin over the last 12 months and 70 million users allowing money transfer apps to buy and sell crypto at the end of $0.40 for dogcoin, there might be more left for crypto currency, not just bitcoin and dogcoin but srp and the like. stuart: there is a new etf that starts trading today on the toronto stock exchange. >> you have bitcoin, the biggest thing you have to get through. the new head of the sec is a crypto evangelist might allow this in the future.
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stuart: notwithstanding dogcoin, cryptos are arriving at respectability. >> it is no longer a joke. am i allowed to call you are boomer? stuart: i have no idea. is that an insult? >> i don't know. i just know there's a generational divide in how people think about crypto currency, goals, money and other hedges. stuart: there is a generational divide between you and i, about 40 years i think. let's talk about something i know something about, the spring-loaded event it is today. i'm expecting a new ipad. will we hear - are they going to make an eye car? >> definitely not in this event in particular. i would be surprised if they mention it this year because we are not going to get an eye car until 2024-25 but i am so excited. apple events 2021, likely to get that, throw in a smaller
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ipad mini. you could get those air tags where you can tag it onto your devices or phones if you misplace your bag are -- other apple devices and an apple podcasts inspection service might be announced and next generation air pod. apple has seen a resurgence like ipad sales, the best rate for ipad in 6 years because a lot of people thought ipad, you are not going to win over phones and go for the max because of remote work in schooling, there's a big need for that, wearables with air pods being introduced, what fortune 120 company and the apple subscription podcast will be interesting as well. web bush at the start of the program thinks apple a lot of people in the market think apple will get a $3 trillion market. stuart: that is what he says, 134, $2.2 trillion or something
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like that. that is very true. let's move on. check futures. a little red ink showing up when the market opens this wednesday morning and we have donald trump. he's not shying away from a possible 2024 bid. listen to this. >> i'm is helping people because i can directly help people. i say this. i'm looking at it very seriously. stuart: he is indeed. we will have more on that interview throughout the program. doctor mc harry says many places in his country have high levels of herd immunity. fascinating. i want to know where they are. i will ask him because he is on the show next.
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xfinity makes moving easy. go online to transfer your services in about a minute. get started today. >> that is fort myers, just a tad north of naples, florida. they are fantastic. white soft sand, gradual breakers coming at you. it is just perfect. got to be locate. johnson & johnson stock down a fraction this morning, they just reported. how did they do? >> $100 million when it comes to covid vaccine sales, better sales, better profits but they
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are concerned about the j&j shot, still on hold, might be reinstated after concerns over blood clotting but it was a strong go 3 months of this year and giving back to shareholders and i would have thought this would have boosted the stock price because they are raising dividends by 5%. >> the damage by the paz, reputational problem. >> how does that affect sales and profits in the second quarter of springtime? >> only time will tell. that is the truth, you don't know until it happens. the latest numbers from the cdc show 6000 americans have contracted the virus after being fully vaccinated. that sounds like a very high number but please bear in mind 85 million people in america have been fully vaccinated. doctor marty the carry joins us now. i want to hear more about these places in america which have high levels of herd immunity. where?
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>> >> parts of the country are doing well. we are losing sight of that, when we look at michigan in the states that are contributing. we are having 37 cases, averaging about 30 cases in a city of 1 million people, they had 20 million people in the hospital with covid, most of those lingering when cases were higher in the past. los angeles doing very well, 300 cases, new mexico on the brink of herd immunity bleeding and don't have to guess what it looks like, we can look at israel, the uk, we are seeing signs of that in the southern united states in california and parts of the country where vaccines are high and there's a lot of airflow from outdoors. >> doctor fauci is getting a lot of criticism, he's not considering the harm done to people forced to stay at home. is that legitimate criticism? >> our battle is not just
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against viral replication but human connections and livelihood and your hearing public health officials simply worn of threats and we don't ever hear anything about the harm of profound social isolation. we never heard doctor fauci talk about suicide from kids. there are two sides of this and only hearing about the warnings and impending doom. you cannot have superspreading now like you could have a year ago or even 3 months ago, there are fewer susceptible people. there is less talk about farm and more about natural immunity, something we've not heard a lot about. stuart: if you watch any other news outlet it is almost a scare story all the time, spikes here, spikes there, new virus, new variants. we need less of that and more let's open up, let's be positive because i hear a lot of people saying this is over
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by july. last word to you? >> 50% of the country, have been vaccinated at half of those who don't have natural immunity. and we need to talk about those at risk need to be careful if you have obesity or medical condition. >> always good. before we go to the commercial break we have some red, down 100 for the dow. now that we have a new administration everything is fine and dandy according to vice president harris. >> the american people are now able to breathe easier and sleep better. stuart: okay. larry kudlow coming up on the show will no doubt have
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stuart: look at futures, it is not that serious. i am hearing my own voice. any signs that he correction is around the corner or imminent? >> not really. when it shows up when you least expect it, when you think about it we have a big move up in interest rates very quickly. that was a threat to valuation, fairly stretched to begin with and that backed off and now you have earnings that are off the chart. april 3rd, the beginning of the quarter, wall street expected earnings of 16%. that number expected now, 25% so you have the interest rates calming down, unlikely. but i can give you a list of things to worry about.
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the tax increase, political polarization, things overseas, russia, china, how many hours you have to. stuart: i've got three. i really am interested in these profit reports. a 125% gain in profits, bigger numbers than that. that makes the underlying company more valuable and its stock price goes up. i don't think we've reacted fully to the blowout profit reports. >> 25, i agree with you. the underlying economy, picking up with the vaccinations continue, massive amount of
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stimulus out there, massive amount of cash, all that is powering the economy. it is likely to be as good as it was in the early 1980s, as it has been since 1959. we are having a blowout economy, it is a good for stock prices? stuart: does it bother you that a joke coin like dogcoin, up 8000% since january 1st. are you concerned about that? >> didn't have any. stuart: and honest man. >> things move up like that, momentum begets momentum and it has to concern you.
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they can continue to keep one eye on it. without threatening the overall market. thanks for joining. the lady pushes the button, the bell rings, it means 10 seconds to go. it is open, it goes down a little. down a third of one% and the dow industrials with most of the stocks opening in the red. we are up and running to the downside, the s&p 500 has open down one 12:45%, the nasdaq composite opened with a fraction of 0.8% so tech stocks holding up this morning. i want to show you kansas city
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southern up 15%, major move for a railroad or any stock. i guess in a bidding war. >> 325 a share, on the upside if this happens, more than canadians, 275, a lot more than canadian pacific the railways are good proxy to the us economy because when business picks up the us economy is picking up and more goods are being moved. stuart: a flat line chart, dead left and some we they get an offer. that is kansas city southern. show meters low. on musk -- elon musk, the deadly wreck in texas, what exactly did he say? >> the data log recovered so far, not enabled in that crash and this car did not purchase, full self driving but he's denying his company, self driving system was the reason
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that caused the fatal car crash, and administration and ntsb, in the houston crash, two passengers involved, no one in the drivers seat, one was in the back, with that, elon musk personally lost $6 billion but don't cry for him he is the second or third richest of something. stuart: mightily bounced back 718 on tesla. we have big names who reported earnings earlier today. lockheed martin, defense contractor, mixed guidance looking for relatively small growth in the near-term stock down one%. proctor and gamble, people holding onto their pandemic cleaning habits. they expect sales to grow 5% or
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6%, they will increase prices on a variety of products. nonetheless the stock is down. >> a big issue, rising costs -- stuart: base products going up in price, what we don't see but it pressures ceos. procter & gamble down one.7%. i want to look at ibm, they posted the first revenue growth after four straight quarters of decline, made two cloud consulting acquisitions in the quarter. investors like the stock, now it is up 3.5%. united airlines reported after the bell yesterday. i see them down. >> they lost almost $1.5 billion in the first quarter of this year fifth consecutive loss of that will takes in time but united does expect to start making money. he is the theme from these
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earnings or ceos complaining about higher cost, jet fuel and how it impacts earnings with these airlines going forward. p and g talking about input costs, they have to charge more for their customers, same for the airlines. it is coming. inflation is coming. stuart: if you look below the surface you can see it. it is not reflected in the yield of the 10 year treasury. i want to talk about netflix, they report after the bell today. is there a magic number of new subscribers? >> subscriber growth, netflix themselves have guided 6 million new subscribers but they usually set the bar pretty low. is going to be a lot more than that but we expect the slowdown from last year when people were stuck at home and what really doing? streaming every netflix show they could find, they added 37 new subscribers, that is incredible, over 200 million total worldwide but raised
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prices as well. their support for it in fact, people were signing up last year so there might be a slowdown when it comes to new subscriber ads. stuart: the new number one streamer in your opinion. >> don't forget they started this year saying we would not need to borrow anymore, we will maybe buy back our stock. you saw the stock price rally after earnings in january. let's see if we get that again this year. stuart: 559 on netflix as we speak. i want to show you the dow winners on your screen headed by ibm. long time since they have been on the winner's list but they are there today. nice gain for ibm. the s&p 500 headed by kansas city southern, a bidding war or at least a big bid for that railroad from the canadians.
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nasdaq winners another railroads consolidation on the railroad having quite an impact. >> proxy to economic recovery if they ship more goods for the stock price and good sign the us economy is recovering. stuart: trip.com on the list of winners. >> chinese based travel company recently had an ipo. stuart: so many things i don't know. >> you know too much. stuart: show me nike, down 2.3%. >> it is called neutral meaning if they have a stockholder don't buy it anymore. it is worth $140 because they are concerned about the boycotts pledged in china, saying they are not going to buy, their support against machine guns and it was a big deal according to steady. stuart: that is next.
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>> a beneficiary, initiated as outperformed by $32, you do the math. how much of sizes that? and wells fargo, were $30 you can still get 5 bucks, with less bullish prediction. the stock is up 470%. stuart: what do they do? >> make fuel cells. it is part of the green energy, is there a beneficiary of government spending? stuart: how much of they got up? >> 470% the past year. stuart: the one company going to 42. moving on away from money briefly the white house ordering agencies to stop using terms like illegal aliens when referring to migrants. instead we have to be more inclusive. even the border crisis people not safe from the speech police. it is back today, democrats reintroduce their green new
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deal, guarantee larry kudlow is not a big fan. he is on the show next. ♪♪ ♪♪ dynamite ♪♪ i will not fight ♪♪ the power to go ♪♪ what do you say incomparable design makes it beautiful. state of the art technology, makes it brilliant. the visionary lexus nx. lease the 2021 nx 300 for $349 a month for 36 months.
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to book your free consultation. stuart: if the sun is rising over the desert -- it is portland. did i say desert? i am sorry, portland. i was looking for the smoke but it is not there. the democrats are indeed pushing for the renewal, renewing their push for the green new deal. president biden made green energy a focus.
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large corporations might benefit from the green new deal. edward lawrence is in dc. how will they benefit? >> could be a scale related to the corporate tax rates, they could be paying a shell game with the corporate tax rate so large companies like amazon could offset a rise in the corporate tax rate of 25% with tax incentives on renewable energy. looking at one industry, $174 billion in the american jobs plan directed toward the electric car industry. companies would be paid in tax incentives to build eb charging stations or switch their entire fleet to electric, something amazon is looking for or $100 billion for renewable energy and that plan. for the storage panels, company could be given tax incentives to put solar companies or build storage units off of solar
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panels. big oil can reap the benefits of tax breaks that could be paid if they direct their investments to make sustainable jet fuel, the american tax plan want to pay the tax monies to tap old wells, oil and gas wells but industry executive start telling me about capacity, the existing capacity that is here because new regulations coming down the pike make it too risky or costly to add capacity. this could be used as a way to have large corporations more reliance on big government, they need the government tax incentives and grants to keep their profits at a baseline. stuart: thank you very much. let's bring in larry kudlow. corporations pay the higher tax
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and then buy them off, incentives with the special tax credits. are they going to cave to this? >> don't know if they will cave. this is the worst kind of tax policies, basically industrial policy, picking winners and losers and raising taxes on the one side but subsidizing the tax credits. tax credits and subsidies nothing more than spending the tax code. you try to substitute a massive spending program for tax competitiveness. the whole thing is geared toward destroying fossil fuels and no matter how many subsidies you get for solar and wind and other nonrenewables is not going to make the slack go.
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70% of power including the electricity grid comes from fossil fuels, the district of policy costing millions of jobs, and gdp, we are not in an x essential thread about climate warming, there is climate warming but we can deal with that. it is far from the climate catastrophe and this point i want to make, if it ain't broke don't fix it. this country is running great, the vaccines, the reopening, this all comes from operation warp speed. we are in a boom, we are growing at 10% or 12%. why do we have to fiddle with this stuff. why create enormous size government with the central plan doling out favors. stuart: what happens if the president gets to raise taxes on those making 400,$000 a
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year? what happens if we tax the rich all across the board? what damage would that do to this reporting economy? >> it will be huge drag on investment. what we understand is you will raise the top tax rate 37 to 40 but that is a small part of it. the capital gains tax is going to go from 20% to 40%, asking to pay the ordinary tax rate. that is totally anti-investment. furthermore you will take away 20% deduction for small business llc escort, that is the backbone of our country. we will be punishing small businesses and on this top tax rate business it has a huge
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marriage penalty for two spouses each making 200,$000. the second spouse got to pay the top rate so that is absolutely wrong too. that should have been taken care of years ago. this is transformation driving me crazy, harris said yesterday in her speech in north carolina we are going to go big. i don't want you to go big. you wind up throwing a wet blanket over one of the best, maybe the best single economy we have had in several generations and that is worldwide competition. i don't want to have social infrastructure that will cost another $3 trillion, massive increase in the welfare state, no work requirements whatsoever, destroy the old clinton gingrich welfare reforms of 25 years ago, all of this stuff, this is the wrong transformation. i like the country like it is as long as we have plenty of incentives to work, save and invest and take the red tape off. this is all wrong. give me another 20 minutes. all wrong. stuart: i will give you an extra 20 seconds to tell me if you see a correction in the stock market in the immediate
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future. >> i'm not smart enough to know that. i am not smart. corrections come and go. it is part of the market economics. i have no idea in the near-term. biden policies, tax and regulatory policies at some point pose a huge threat to this epidemic boom. if it ain't broke don't fix it. if they do try to fix it they the way they want to there will be a massive stock market correction if not this year certainly next year. there will be a massive economic correction. stuart: we are leaving it at that point, sorry to leave on that note but we've got to leave, we only have 3 hours on this program, see you this afternoon at 4:00. here's what we have coming up at the top of the next hour on "varney and company". doors set to resume deliberations in the dirt chauvin trial, we will take it
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to minneapolis. we have been witnessing critical race theory. it plagues our school system, that is my opinion that one new york city father says he has had enough. he pulled his daughter from a 53,$000 your private school. we have that story for you. ♪♪ ♪♪ with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;) how great is it that we get to tell everybody how liberty mutual customizes your car insurance so you only pay for what you need? i mean it... uh-oh, sorry... oh... what? i'm an emu! no, buddy! only pay for what you need. ♪ liberty, liberty, liberty, liberty. ♪
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will stuart: final arguments have been made in the dirt chauvin trial. know your weight the jury's decision. steve harrigan is there. our local authorities expecting a riot no matter what the jury decides? >> reporter: that is a tough one. it depends. the range of penalties for this former police officer go anywhere from acquittal to four years to 40 years depending on what charge he could be convicted on. either manslaughter or murder. there is a wide range and no one knows not only when the verdict will come but what will be enough to satisfy people. when you look around this is a
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city prepared for trouble, for war. everything is either fenced off or boarded up. plywood pretty much everywhere. the jury worked four hours yesterday, they are about to start again now. they are sequestered and have to reach a unanimous verdict. the prosecutor made the case that this is not the police on trial. >> for 9 minutes and 29 seconds the killed george floyd. he betrayed the badge and everything it stood for. it is not how they are trained, it is not following the's. this is not an anti-police prosecution. it is a pro police prosecution. >> reporter: floyd had resisted successfully against 3 police officers and asked for a mistrial after comments by representative maxine waters who encouraged the protesters to stay out and fight for a murder verdict. here's the back and forth with the judge. >> i will give you
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congresswoman waters may have given you something on appeal that may result in this whole trial being overturned. >> reporter: the governor has called for a peacetime emergency. he could bring police from other states if necessary. back to you. stuart: still ahead on this program today miranda devine, brian kilmeade, sandra smith, pastor darrell scott. question, will any democrats have the courage to call out congresswoman maxine waters? they are too. my take on that is next. ♪♪ one more time ♪♪ going to celebrate ♪♪ oh yeah ♪♪ all right ♪♪ one more time ♪♪ going to celebrate ♪♪ oh yeah ♪♪ all right ♪♪ and having more of them is possible with verzenio. . .s
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- as the original host of wheel of fortune, i was blessed to be part of building one of the greatest game shows in history. during that time, we handed out millions of dollars to thousands of contestants. i thought, what if we paid the contestants their winnings and gold instead of cash and prizes? back in 1976, we had a wonderful contestant named lee whose three-day winnings were valued at $12,850. and you know what? that was a pretty big haul back in 1976. so i wonder, what would have happened if lee had put $12,850 in cash and then put $12,850 in gold in a safe, just sitting there side-by-side from 1976 until now. well, i went back and i ran the numbers and what i found was amazing.
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we all know that $12,850 in cash would still be sitting there but it would be worth a whole lot less than it was in 1976. but that $12,850 in gold, safely stored away, it's worth $135,000 as of the taping of this commercial. now that's more than 10 times the original amount. - [narrator] if you've bought gold in the past or would like to learn more about why physical gold should be an important part of your portfolio, pick up the phone and call to receive the complete guide to buying gold which we'll provide you important, never seen before facts and information you should know about making gold, silver and platinum purchases. for faster wealth protection, request a digital version of our complete information kit which will be emailed for faster delivery. you can also receive a copy of our new us gold report for 2021. inside, you'll find the top 25 reasons why you need to start owning gold today.
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- with nearly two decades in business, over a billion dollars in transactions and more than a half a million clients worldwide, us money reserve is one of the most dependable gold distributors in america. ♪. stuart: good northern e morn, everyone. 10:00 eastern time. straight to your money. we're seeing red, especially for the dow industrials. still down 100 points. other indicators, s&p, nasdaq, fractional losses. that is all you got. show me the 10-year treasury, that is the benchmark interest rate that so many stocks are reacting to. it is below 1.6. 1.59%. look at big tech. they're reacting to the 1.59 yield on the 10-year treasury. yields go down.
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big tech tends to be okay. microsoft on the upside. 2.59 on big tech. apple at 135. now this. maybe, just maybe some democrats will finally summon up the courage to call out congresswoman maxine waters. what they are really worried about is their own skin in the 2022 elections. they know they don't look good if they do nothing. they will definitely not look good if the chauvin verdict brings on the riot that maxine waters was clearly encouraging. how far out of line do you have to go before a democrat calls foul on another democrat? after days rioting, maxine waters went to minneapolis, took police officers with her and demanded that chauvin be found guilty or else. the jury was not sequestered.
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the trial judge said her incendiary comments could be grounds to overturn a guilty verdict. enter house minority leader, republican kevin mccarthy. he plans to introduce a censure motion. before you dismiss that as a slap on the wrist consider the politics. a censure motion requires a full vote of the house. so we would know where everybody stands. fox's chad pergram says democrats are so angry at waters that some would support her censure. they know defunding the police is a loser. they fear urban looting and burn something even worse. as maxine waters encourages rioting the governor of florida is doing something about rioting. ron desantis signed into law effective immediately the strongest antiriot, pro-law enforcement measure in the country. as cities brace for the chauvin verdict, desantis says, if you riot, you loot, you go to scale.
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second hour of "varney & company" is about to begin. ♪. stuart: miranda devine is here, she wrote this. if one person is killed or injured in riots after the chauvin verdict waters should be held responsible for pouring gasoline on fire. there she is, miranda devine. have at it, go to it. you're on the show. have at it. >> good morning. yes, well she is a big fish in a barrel to have a go at because she put into words what the democrats have been doing anyway, pouring gasoline on the fire of civil unrest and racial riots. stuart: yeah. >> and unfortunately i don't believe any of these democrats that are supposedly backgrounding journalists saying they're outraged, maxine waters has been doing this her entire
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career. she should be nowhere near a camera. she should be nowhere near congress. you know to add insult to injuries, for her to demand a police escort, she flew from washington, d.c., into minneapolis on saturday night to go to stir up the crowd even more, you know, how do you think police are feeling? she should get no police guard from now on. she doesn't deserve it, nor should anybody in congress who is encouraging a war on police. within a couple of hours her incendiary remarks on saturday night, there was a drive-by shooting where two national guard were injured. thankfully only minor injuries. it could have been far worse. she is encouraging this kind of violence and lawlessness and the country can't handle it. our cities are burning and you know, even as far away as in new york city, the nypd told its
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officers not to take any time off. they're geared up. they are on a war footing, ready for violence and riots and looting and arson from the verdict from the derek chauvin case half a country away. stuart: how does this play out in the 2022 elections? >> well i mean how does anything that the biden administration is doing play out? it is not popular with the american public. none of it unchecked border crossings pouring billions of dollars into farcical climate attempt. you know, basically defunding police, defunding the military. no one wants any of this and so, you know, if things were fair we would see a complete rout in the 2022 midterms but that is why the democrats are putting so much energy, really their first
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priority, nancy pelosi's first priority is into changing the electoral system. this is why they want to get rid of the filibuster. why they want to have the district of columbia as a state. why they want to get rid of electoral college, et cetera, et cetera. her suite of election measures, election reform measures are all about making the playing field tilted in favor of democrats. this is why you have seen this ridiculous carry on about some very mild voter reforms in georgia which actually make things fairer and just try to outlaw a bit of cheating. they're carrying on about it, they want every election to be just as bad, if not worse than it was in the 2020 press lendings election when a whole lot of changes were pushed through under covid. even without the pandemic, they
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want same election war. stuart: miranda, real fast, am i allowed to whether that is australian or new zealand accent? >> this is an australian accent. i don't blame you, new zealand is very close. if you're from australia or new zealand. you can really tell. they butcher their vowels where as we australians speak perfectly. stuart: of course you do. miranda, you're a star. thanks for being with us. >> thank you, mr. varney, mr. varney. a sheriff in florida urging people moving to the sunshine state, don't bring your politics with you. watch this. >> we're a special place. and there are millions and millions of people who like to come here. quite frankly we like to have them here. so, we only want to share one thing as you move in hundreds a day. welcome to florida. but don't register to vote and vote the stupid way you did up
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north. you will get what they got. stuart: nicely put. i'm laughing. scott shellady is laughing a little bit right there. hey, scott, you're the guy from illinois who spends a lot of time in arizona. do the people of arizona say, you're welcome, scott, but don't bring your politics with you? is that what they are saying to you? >> they're starting to now. i'm in scottsdale as you speak. you can still see billboards say don't california my arizona, right? we have had a lot of influx of californians coming to arizona which arguably turned the state purple this time around. so that is a big problem. i say to that sheriff in florida, what took you so long? this is where we need to be, every sheriff around the country has to realize this is what the american people want. the american people are a good people. i come from the idea there are good, up standing people. they don't want to see looting and riots and damage that are done to all those properties.
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a lot of times for no good reason at all. so this sheriff has taken a stand. like the restaurateurs association should have taken a stand. like a lot of other people should have taken a stand against the lockdowns and shut-ins, all the other things foisted upon us. top 10 states for unemployment, stuart, in this country are democratic states. at some point in time, you see the pattern, you can't ignore it anymore. stop flooding from really poorly-run states run fairly well and try to change the politics because it doesn't, it is almost unconscionable. like the sheriff said, if you want to come here to start trouble we'll not have it. i think what he has done will slowly, surely start a wave throughout the country. stuart: what is the feeling in arizona? i know you're there right now. what's the feeling? it did indeed turn purple a few months ago during the last election. will it be on that trend a long time to come?
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>> i don't think so. i think people are moving here full time, coming here to start businesses, what happened with the state turning purple that slowed their roll a little bit. they decided to see another election happens in 2022. governor ducey here decided no mask mandate. going against the vaccine passport. just recently there was bubblings yesterday he might get rid of state taxes. there are things moving in the right direction. all of those things need to be ruined by people coming in from places already have been ruined. that is the problem. stuart: it is. >> yeah. stuart: look, sorry we're out of time, scott, i do pole guise for that but one of these days we'll talk about money instead of just politics. we look forward to it. scott shellady we'll be back. all right, susan has some movers. market is moving. she has coinbase. susan: happy 4/20, dogecoin. trying to get a buck a coin.
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almost doubling. might take time. coinbase was outperforming. it is was up 2% on announcements paypal would allow 70 million venmo peer-to-peer money app users to buy and sell cryptocurrencies including bitcoin, including dogecoin. that can meet more holding adoption, buying and selling of these cryptocurrencies and they may even filter some of that money and business over to coinbase as well. so that was surprising that turned around lower in the session. boeing making announcement this morning. they are going to extend the retirement age to 70 for the currency? stuart: laughing at me. laughing at me. susan: i was thinking do you need to retire at 70 these days? you're a fantastic fit example of somebody can still work and function and lead over the age the age of 70. stuart: you're all right. susan. keep reading. susan: all right. david calhoun, 65, so he is staying on.
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the cfo greg smith is leaving. maybe not for age rules. ibm, big blue is climbing today. when was the last time we've seen big blue, ibm, which is seen as an aged technology company leading indices? dow, you name it, best quarterly sales growth in two years for ibm. looks like the transition to cloud is finally paying off for them. stuart: in its day, ibm, in my day it, was the technology company. susan: i know. i know. best mace to work. along with the other one. hewlett-packard. stuart: they used to say ibm. i've been moved. people were leaving all over the place. you don't remember those days? susan: no. stuart: apple kicking off the first product launch event of the year today, stocks down a fraction. susan: 40 years to buy apple. you never bought apple in 40 years. stuart: i didn't. will we hear anything about the i-car today? susan: no, no definitely not. about the more surprising tease
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you could get later on a hint towards virtual reality. augmented reality glasses, headsets wearable in the future. that would be huge for a company so secretive about their future products. the consensus most people believe we'll get a new ipad, ipad pro, ipad mini. stuart: see on right and side of the screen. stuart: air tags? what are air tags? susan: this is helping you track your own bags and defieses. after our conversations you forget some things sometime. maybe you highlight it on your phone. you can find some of your devices in the future. just want to show what is happen being with the analyst community, why they're still bullish by the way on apple. katy huberty number one apple analyst, calling it 165 stock. wedbush says 3 trillion-dollar market cap.
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goldman sachs, $75. stuart: they think it will go down to 75? susan: they're pretty bearish. they are hinting you could short the stock. they don't think apple is not worth what it is worth now. stuart: can you imagine a short on apple because it is shorted by the retail crowd? i digress. not going to happen. susan: $2.2 trillion company? stuart: not sure about that. president biden says he is quote, prepared to compromise on the infrastructure package. watch this? >> as i indicated earlier i am prepared to compromise, prepared to see if we can do, motion to get together on. it's a big package. there is a lot of needs. stuart: does his party, the democrats, are they on board with that compromise? we'll get into it. as chip shortages hurt new car sales, people are indeed flocking to used cars. that is causing prices to move up significantly. report on that coming up. a father, taking hims child out
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of new york city's 53,000-dollar per year braley school. he had enough of the school's woke agenda. they're teaching his daughter to judge by the color of someone's skin. he is right. we have the story next. ♪ [announcer] durán catches leonard with a big left. ♪♪ you can spend your life in boxing or any other business, but one day, you're gonna take a hit you didn't see coming. and it won't matter what hit you. what matters is you're down. and there's nothing down there with you but the choice that will define you. do you stay down?
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so many people are overweight now and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now there's golo. golo helps with insulin resistance, getting rid of sugar cravings, helps control stress and emotional eating and losing weight. go to golo.com and see how golo can change your life. that's golo.com. ♪ ♪. stuart: that is the desert. we had the portland shot. i thought that was the desert. that is the desert. that is phoenix, arizona,
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staying on arizona, i got this news. governor doug ducey rescinded the mask order for schools all across arizona. ashley, good morning to you first of all. ashley: good morning. affect all schools in arizona? ashley: talking about q 12 schools, stu stu. arizona's governor are letting school districts and charter schools if they want to mandate use of face maskings. doing so the governor rescinded part of an executive order that required face masks in schools. the governor said the decision was based on updated guidance from the cdc as well as increasing number of people who received the covid vaccine. some health officials in arizona are more dubious saying masks should still be mandatory in schools but the governor says he will not dictate from the governor's office. stuart: all right. some elite universities are going to mandate vaccines for the fall. which are requiring the jab, ashley? ashley: yes.
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sniff, sniff. the latest are yale and columbia university who join fellow ivy league schools, cornell and brown, requiring proof of vaccinations if students want to live on campus in the fall. columbia says the decision was made on the strong recommendation of public health colleagues. yale says they're is plenty of evidence now that shows the vaccines effectiveness and that the doses should be widely available by early summer. harvard and princeton are only strongly encouraging students to receive the vaccine. so there you go, before the young men and women get back to college, probably a good idea to get a vaccination. stuart: still on the sniff, sniff community. here go, headmaster of the famed daulton school announced he is leaving. he has been at the school 16 years. daulton was in the news for their eight-page manifesto.
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they had masses leaving. one father pulling his daughter out of another prestigious school, the brearley school in new york over their obsession with race. the dad wrote a scathing letter he sent to 650 families. i cannot tolerate a school not only judges my daughter by the color of her skin but encourages and instructs her to prejudge others by theirs. naomi schaefer riley, our education expert of the day with us now. this dad says leaf, school leaders are just caving to the mob. what say you? >> oh, they absolutely are, no question about it. look stuart, i hope this is the snowball that is going to start getting bigger and bigger rolling down the mountain. soon we will reject all this insane ideology, and right now it is starting with, a teacher here, a parent there. but this parent at brearley, andrew guttman pointed out what
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should be perfectly obvious to everyone. systemic racism is the language you should use talking about pre-civil rights segregation, about jim crow. about japanese internment camps. not the language we should be using with racial disparities or some teenage girl is offended by something. stuart: put this into reality for me. i'm told, at some schools, elite schools, white kids have to stand up in front of the man class and admit of their white privilege. kids of color have to stand up and rant about white privilege. that is accurate that is happening, isn't it? >> it is absolutely happening. just this morning we saw release of a tape from grace church school, another elite school in new york, a headmaster saying yes in fact we're teaching white students they need to be sorry for being born. that is the problem. that is the white privilege. there is really nothing they can do about it. there is nothing anyone can do about it, the simple fact of
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their existence is offensive to anyone who is a person of color. stuart: come to this. i will show that video again, of the school board members. this is los angeles. they were caught on camera, eating, checking their phones while a mom pleads for schools to reopen. you can see it on the video right there. naomi why don't they care, they don't care about the lady complain about the schools? why don't they care? >> i don't think they think they work for this woman. i think the school board in los angeles works for the teachers union. this woman might as well be complaining about traffic on the freeway or hamburgers at mcdonald's. these people think this woman has nothing to do with them. and she is sitting there talking about horrible effects of this lockdown on her child and they don't care because their main concern is the comfort and security and happiness of the teachers, not the students. stuart: i find it absolutely incredible. i hope we get profound change out of this. frankly i think we will. come back and see us soon,
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naomi. let's press for this. >> thank you, stuart. stuart: we need profound change here. naomi schaefer riley, thank you very much indeed. president biden preparing a whole bunch of new taxes. he says they will pay for his spending plans. we've got details on that for you. plus, remember when we showed you this, this is called the bolo wrap. it's a temporary restraining device and now police are using it in the field. watch this. >> sit down. you're going to get bolo wrapped if you don't sit down. bolo, bolo, bolo. stuart: okay. i think i'm on. the founder of the bola wrap is the founder of the taser. he joins me next. ♪.
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it's time to make a stand. start a new day with trelegy. no once-daily copd medicine has the power to treat copd in as many ways as trelegy. with three medicines in one inhaler, trelegy helps people breathe easier and improves lung function. it also helps prevent future flare-ups. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. take a stand and start a new day with trelegy. ask your doctor about once-daily trelegy. and save at trelegy.com.
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stuart: facebook is working on a new audio platform to complete with clubhouse. >> yeah. stuart: what will it appear.
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susan: think of this summer when we get a buzzy equivalent to clubhouse, a audio app. stuart: audio app. what the devil? what is a social audio app? susan: do you know what a podcast is? stuart: yes. susan: think of it as i described to you, if you were paying attention to what i said, interactive version of a podcast. people are talking, you can interrupt and have a conversation, what about that you said. stuart: can actually do it. facebook will do the same thing. it is. susan: it is exclusive for clubhouse. facebook says we'll do the same thing. they copy a lot of their competitors and snapchat, disappearing messages. some would say they do better. clubhouse rival rolls out on group and public figure as as test run. messenger hank out with people and and distribute conversations as well to your network. this will be a moneymaker. think of charging for access to the chat rooms through a subscription service or one-time
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fee. 2345 is a very smart thing to do. stuart: monetize it. very smart thing to do. facebook at $300 -- susan: crypto project dm is finally rolling out later this year. equivalent ever libra. they renamed it, rebranded it. stuart: under threat -- susan: regulation. stuart: stock still at $300 a share. that is interesting. take a look at this, police are using a new restraining tool. it is a bolawrap, temporary restrains people not cooperating with police. you push a button, get restrained. wrap technology ceo, cofounder of taser is tom smith. tom smith joins us now. how many police departments bought the bolawrap. >> we're 44 agencies in the u.s. using. whether i was on last year, 150. it is pretty dramatic growth. we're in 38 countries. it is something used in the field as you're showing.
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not just concept, actually working out there. stuart: it does actually work, right? i know we have got video of working in the theater. what is it doing, chuck out a couple of lines wrap around somebody and brings them down? >> only tool kind not to use pain compliance. throws a kevlar cord 10 to 25 feet. temporarily restrains arms or legs. it solves difficult problems world is facing now. stuart: can anybody buy one? >> today only available for law enforcement. that is our primary focus, looking at the challenges we have, using technology to help officers end situations quickly, early before they escalate to higher levels of force. stuart: how much does each one cost? >> between 1000 and $1200 for all the items. the holster, device, cartridges for training. that is the ballpark to put it out on the street per officer.
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stuart: 1000 bucks per sister. >> yes, sir. stuart: you're in 450 police departments already. i would imagine that the businesses is going to be pretty strong bearing in mind the unrest that we've seen throughout the country. >> yes. the training that we're now getting into as well. any tool will need really good training. if you look at bodycam videos of actual uses in the field, you will see discussions before, after communication. focus own training and creating the platform of devices in the family, using virtual reality in the training platform. use of technology to end these situations quickly. stuart: you were the cofounder of taser and it is in early days. it was met with a lot of lawsuits. i know, i think you've gotten past that now. are you getting lawsuits with bolawrap? >> knock on wood, we have not had any lawsuits related to product in the field. because it is not related to causing injuries. that is really the design of the
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system. you know like throwing handcuffs from a distance. no lawsuits at this point related to the product. stuart: tom smith, interesting idea. thanks for joining us. we do appreciate it. the bolawrap. >> thank you, stuart. stuart: president biden with a bipartisan group of lawmakers at white house yesterday. ashley, i presume he is trying to sell his big infrastructure plan. is that it? ashley: funny you should say that the first line of my script, he is trying to sell his $2.25 trillion tax-and-spending plan. so i think we're in agreement, stu. he told the lawmakers yesterday, all of whom by the way of former governors and mayors, yes he is prepared to consider other suggestions. take a listen. >> as i indicated earlier i am prepared to compromise, prepared to see if we can do what we can get together on. it's a big package. there is a lot of needs.
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ashley: sounds like a mcdonald's drive-through talking through the face mask. very hard to pick up what he is saying. senate republicans saying biden's plan is too wide-ranging and drafting a counteroffer that is expected to cost somewhere around 650 billion. that's a lot but a whole lot less than what the administration is proposing. biden says everyone agrees there should be infrastructure spending but the question is how to pay for it. we know that mr. biden would like to jack up the corporate tax rate to 28% from 21%. stuart: that won't be anywhere near enough to pay for a $2.3 trillion plan. not even close. that's a joke. thanks, ashley. now this, the president says owe wants to tax the rich to fund his spending plans. okay. let's get into it. which taxes on who? susan: think about the marginal top tax rates on wealthiest, talking about 39.6%. that will go up from the current 37% which was enacted under the
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2017 jobs cuts and jobs act. taxing capital gains above a certain income not very popular. stuart: at the moment, if you cash out of a stock, held it a long time, more than a year, you take your capital gain you are taxed at 20% rate. susan: yeah. stuart: this proposal is, you're taxed at an ordinary income rate. susan: above a certain threshold though. stuart: that could be up to 40%. so if you made a profit in the stock market and you sell, you make some decent money, they will be looking for a 40% tax rate out of you. susan: depends how much if you make as income. if you are a warren buffett worth about $90 billion, you would be paying, maybe top tax rate of 24%. stuart: if you have household income of 400,000 bucks, there is plenty of people in this city and elsewhere who got that kind of income, you're looking 40% capital gains rate.
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susan: democrats are arguing about this, 400,000 for a couple is not exactly wealthy. pretty much middle class when it comes to large cities. stuart: this is stock market program, you're being threatened with a massive tax increase. we'll make time for that. thank you, susan. susan: for high earners. stuart: president trump is again teasing a 2024 run. watch this. >> i say this, i am looking at it very seriously, beyond seriously. stuart: will he run? brian kilmeade takes that on. he is just ahead. remember i showed you this last week, yeah i did, actually, the photo of me zip lining. susan said it was fake news. she wanted proof i actually did it. i got the prove. you will see me zip lining, if that is what you really want. we'll be back. ♪.
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i knew about the tremors. but when i started seeing things, i didn't know what was happening. so i kept it in. he started believing things that weren't true. i knew something was wrong, but i didn't say a word. during the course of their disease around 50% of people with parkinson's may experience hallucinations or delusions. but now, doctors are prescribing nuplazid. the only fda approved medicine proven to significantly reduce hallucinations and delusions related to parkinson's. don't take nuplazid if you are allergic
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to its ingredients. nuplazid can increase the risk of death in elderly people with dementia related psychosis and is not for treating symptos unrelated to parkinson's disease. nuplazid can cause changes in heart rhythm and should not be taken if if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. tell your doctor about any changes in medicines you're taking. the most common side effects are swelling of te arms and legs and confusion. we spoke up and it made all the difference. ask your healthcare provider about nuplazid.
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stuart: oh, no, our producers insisted we reprise this thing. i showed you of that picture when i went zip lining in colorado 18 months ago. susan said, fake news. you didn't really go sip lining. she wants the proof. so i have got the proof. there it is. there it is. brief but there it is. that is me in the rockies no less, being helped on to the platform. see, i did it. are you happy? susan: i'm impressed. look at the vigor. stuart: the vigor? susan: i'm impressed. what more do you want? stuart: damn me with faint praise. that is shakespeare. good stuff. let's move on. president biden wants to give all sorts of incentives for you to go solar but what happens if you don't want to go solar or maybe you can't afford it? jeff flock is with us and he has a report on precisely that. what have you got for me, jeff?
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reporter: i don't know how we top zip lining, that means you're open to the future and that is the future, mr. varney. that is 20 solar panels up there on top of eric peterman's house with grne solar. the question is, stuart wants to know, not everybody can have solar f we start to get a ton more solar out there you will have to upgrade the grid, right, that will cost money. will i pay for that even if i have don't have solar. >> the grid will be updated whether you have solar or not solar. having solar will help grid support. reporter: we come back next hour, mr. varney, i tell you how much money you save with solar this is what the panel looks like. this is made by lg at a factory where in alabama? >> alabama, that's correct. reporter: talk about taking jobs awas, adding jobs, this is what it looks like on the house. this whole system, 20 of these
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panels and 12 in the front, 20 in the front, come through this box here. this looks expensive. how much, eric, how much does it cost? >> the total system together is 25 or $30,000 out-of-pocket. reporter: 25 or 30, that is a lot. do i get credits? >> incentives, tax credits pay half the system in illinois. reporter: half of 25, $30,000. >> the net cost is 13,000 for a system of this size. reporter: got you, how soon do i get money back. >> pay back for system like this, five or six year mark. the solar panels produce energy for 30 years. you get 25 years of free energy. reporter: leave you picture, stu, with a battery. you also have a battery system. i don't need a generator, now you have a battery system? >> that's correct. also from lg. lg battery will power you when the grid goes down, you still have power at your house. reporter: incident want to make that a commercial.
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wanted to try to convince you of the future. you're a zip liner so i'm sure you're hip and cool know all about this stuff. stuart: very funny, flock, we'll see you next hour. we'll keep you working lad. moving on. he is quiet now. used car prices up 10% in the past year. they could still go higher still. grady trimble joins us from illinois, how much higher could used car prices go, grady trimble? reporter: i don't know all supply and demand. demand for cars any kind new and used is really high. the average price for a used car is $20,000, 10% increase, which is the biggest increase year-over-year in more than a decade. obviously it depends on the kind of car you're buying what not. woody is the guy on these topics, he is our expert. this is because people are driving more during the pandemic, taking less public transit. also because of the chip shortage, fewer cars are coming
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off the line brand new. >> chip shortage has some effect. pandemic contributed to a lot of traffic. people going to home depot, they want a truck, suv, not riding trains. they need transportation. that is our job, get them transported. reporter: stuart wants to know if used car prices are continuing to go up? the other question, is this a good time to trade in your car if you're in the market? >> yes, used car prices are going up. it is supply and demand. general motors has strong incentives on new cars. get a good deal on a new car. top dollar for your trade. consumer wins both ways. incentives, trade goes up. we all win. reporter: this buick behind us has 300 miles on it. people are coming in, trading their cars, looking to upgrade to something new. stuart: good stuff, grady trimble. did you hear this? talking to viewers. vice president harris says we can all sleep better knowing joe biden is our president. let's just say that joe concha
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stuart: market has turned south,
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especially the dow industrials down now 256 points, the nasdaq is down over 100. by the way boeing, goldman sachs, nike, they are dow stocks all of them down. that accounts for a great deal of the dow's loss. by the way the 10-year treasury yield has gone back to 1.58%. that's why the losses on the nasdaq are not so bad. 10:51 on the button. it is time for brian kilmeade. first of all, brian, i wanted to listen to house minority leader kevin mccarthy who may be censuring house democrat congressman maxine waters. roll tape, please. >> i know there is probably 10 to 15 who would love to vote that way. it is gone too far too long. time to say what is right, what is wrong and everybody knows her action was wrong. stuart: brian, your turn, is it possible that the democrats will finally have the courage to call
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out maxine waters? >> well, hi, stuart. looks like speaker pelosi came out yesterday has nothing to apologize for. that is in the spirit of civil rights movement. we know that is, she is full of it. i don't think she believe as word of it, and she shouldn't but what the judge came out what he said yesterday, basically said to the defense, basically got an appeal to maxine waters, that congresswoman from california who decided to show up in the midwest, with security, that the american taxpayer paid for, so she can sit there and juice up and gin up the crowd while unsequesterred jury sits in the city after-hours, who saw what happened over the last nine days, sees this woman in there saying it is going to get worse if you don't give the verdict that you want. almost mob-like, like something you see at one of the godfather movies, trying to send a message to the jury for some reason isn't sequestered even though they have been through a lot. only two or three votes, stuart.
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if two or three votes slip from nancy pelosi's hand this could go through a censure. what a message for future legislation, because a few of those seats are open. man if republicans don't work to get the seats back, retire nancy pelosi after something like this, i don't know what will motivate her. stuart: democrats are scared to death of 2022, if they do censure maxine waters, she has to stand in the well of the house and the whole house has to vote. in other words, we will know where everybody stands. the last thing that speaker pelosi wants is a censure motion that reaches the floor of the house. >> true. embarrassing. never seems to get embarrassed. always seems to slip away for this. i'm not sure how she does it. maybe this is the time she realizes she has to do it. now we have the green new deal being shoved down our throats, they know the clock is ticking on their agenda. they have to get it all in a year-and-a-half if it continues like this. but i would also keep in mind too, they have a lot, they have a lot to answer for, do
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democrats, and they have to stay on the same page. chad pergram reported yesterday that democrats are incensed by her behavior and her actions but let's see them stand up and speak up like ben sasse does against the president, mitt romney does against the president, former president, so does liz cheney. they are all conservatives upset with the president. they spoke out. where is the courage from democrats? stuart: where is it indeed. last one for you, brian, former president trump is hinting at a 2024 presidential run. watch this. >> look -- tremendous, numbers. there is more popularity now than there was the day before the election because they see how bad things are at the border. i say this, i am looking at it very seriously, beyond seriously. stuart: all right, brian, do you think he will run, do you think he should run? >> i think numbers would be in the high 50s if there was no
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january 6th speech insurrection, what you think role played, went out, gave bidens tour of the white house he would be 58%. having said that worried about the court case. new york has an agenda, it is so wrong, stuff happened before he was president. i worry about that court case. number two, president has to stay positive. don't pick out enemies on the right. don't worry about who the governor of georgia is, be positive next two years. get control of congress. see where he stands. not one republican runs against him, not one, exempt for maybe, you know, if somebody wants to go up there get their 1% get it but almost everybody that wants to run that has a chance is a disciple or a fan or supporter of the president. not one will run if he goes in. they will wait until the last minute to see how the 77-year-old donald trump will feel at that time. stuart: well-said. it is his policies that are going to be supported by the republicans. >> they are easily, right? stuart: and they should be too,
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because they were good policies. >> absolutely. stuart: brian, you're all right, thanks for joining us, see you real soon. >> thank you, stuart. stuart: got to get this in, moments ago, mayor bill de blasio, new york city's mayor, income is committing to fully relying on renewable energy by 2025. that ain't that far away now, is it? but he just said it. still ahead on this program, we've got sandra smith, pastor darrell scott and joe concha. all coming up. ♪. ...
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>> the top 10 states for unemployment in this country are democratic states, stop flooding from really poorly-run states to states run fairly well we keep sending out checks to people that don't need the money but we've still got plenty of stimulus in our system that'll keep us going through the end of the year. i don't know that we need any more. and i don't think we've got the labor. >> april 1 at the beginning of the quarter wall street expected the earnings to be up 16% that number expected now, stuart, is 25%. >> harris said it yesterday in her speech in north carolina. we're going to go big. well, i don't want you to go big , okay? you're going to wind up throwing a huge wet blanket over one of the best maybe the best single
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economy we've had. >> ♪ ♪ ♪ ♪ stuart: that's flashdance? no it's not! it's "turn the beat around" by gloria estephan. ladies and gentlemen, sandra smith is with me and she made a pre-appearance there all of a sudden but she got it wrong but that's another story it is 11:01 eastern time, this tuesday, april 20. you know, 4/20 you get that? special meaning in that date for some of our viewers just some of them. check the markets whoa we're down off 250 points for the dow, off 125 for the nasdac. lots of red ink this morning, and now this. thursday, president biden will convene a virtual climate summit he's hoping to attract dozens of world leaders, putin and xi-jinping have been invited. the word is our president will go big.
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he will promise a 50% cut in co 2 emissions by america, by 2030. now that's a much bigger cut than obama promised. biden believes that by leading, he will make china do more to cut emissions. good luck with that. china's emissions are going up, big time. they're building new coal-fired power plants right now, which will produce enough electricity to supply the whole of germany. under the paris climate deal, they don't have to do anything in terms of co 2 reductions. they don't do anything at all until 2030, and asked if china would jump in now to cut emissions, and officials said that's not very realistic. he's got it right. it's very doubtful that biden can persuade xi to reign in china's industrial dominance, but we are, us, we americans, we got to keep on sacrificing. we have to cut. we have to kill fossil fuel jobs we have to pay others to help
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them handle climate, even though america has already cut emissions more than any other industrial country, we have to endure the pain while others make empty promises. did you know that in 2019, america'sco 2 emissions dropped all the way back to 1992 levels? nobody else has done that, but the green new deal is the center piece of biden's agenda, so we must keep sacrificing in the name of saving the planet. you can thank bernie sanders, ao c, senator markie and all of the other climate warrior s for this. they pushed biden out on to his climate limb. they'll demand that we keep on sacrificing, and china, who knows what they'll say in public but in private, is there any doubt? they're laughing at us. the third hour of "varney" & company is about to begin.
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the aforementioned sandra smith is with me now. >> turning the beat around. stuart: look, i think china's laughing at us, what say you? >> who cares if they're laugh ing they are going to be empowered by every single dollar that comes into that country as a result of it. marco rubio as you know speaks very firmly out against this. he's saying this plan will make america more reliant on foreign competitors and it struck me the way he posed this. he said where will the new solar array that the biden administration wants to install in your home's roof come from, stuart? china. whose industrial base will profit as a result? china's, and whose dominant position and manufacturing are we ensuring? the chinese communist parties, compare that with what we are seeing happen with these keystone pipeline jobs. you know that that was going to employ 11,000 americans in 2021 alone. $1.6 billion in gross wages. those jobs are gone. those wages are gone. and the thing is, stuart, this isn't even pleasing his far
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left base. they want more. you don't have to look far to see the headlines, that he is on joe biden to cut emissions. biden feels the heat. this plan doesn't go far enough. biden's climate plan isn't bold. they want more, stuart. this was interesting though. it's going to be interesting to see which democrats speak out against this. this is randy johnson a democratic strategist, fourth generation west virginia. although protecting the planet's health is vital, he said, so too is protecting the health of communities hit by reductions infos ill fuel use. whose going to look out for those guys, stuart? stuart: nobody. nobody is looking out for them. i think this is the paris climate accord redo, done again, in a virtual environment tomorrow with the world's leader s, and i think that the chinese are just laughing at us. >> i don't know if we've seen the extent of biden's plans. stuart: no we haven't. we're going to see it tomorrow. the word is he's going to cut emissions by 50% compared to 2005 levels 50% down by 2030.
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very aggressive target and we got to sacrifice and glad we're in agreement sandra. hold on for a second i want to talk to you about something else in just a moment. right now take a look at the markets down 250 on the dow, down 125 on the nasdac. red ink, this morning. david nicholas is with us this morning. now, i read your stuff, i do, david, and you're telling me that employers can't get people to go back to work and that's a big problem for the economy. is it that bad? >> stuart, it really is. the u.s. economy is set to surge in the coming months and millions of more americans are getting vaccinated and traveling more, going out to eat more. i talked to three different restaurant owners over the weekend they all had the same issue they just can't find help. one of the restaurant owners into peak o, kansas owns a bar and restaurant the day after the latest round of stimulus check, half of staff just didn't bother to show up. there was a mcdonald's in georgia the day after the stimulus checks hit the entire staff didn't show up.
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they had to close the mcdonald's for the day, so i'll tell you, many americans need unemployment desperately, but unfortunately, there's so much free aid going around that i think we're incentivizing laziness in some ways, so we need to prioritize getting americans back to work safely, we're just not incentiv izing and rewarding those that aren't willing to work. stuart: but the end result will probably be higher wages and better benefits because you've got to entice people to come back to work and you entice them with better wages and better benefits. i mean, that could work very much in favor of the economy, couldn't it? >> well stuart, remember, in a competitive environment, how high do you need to raise your prices in order to pay staff because as a restaurant owner you've got a dilemma. either you raise the price of a burger from 15 to $20 and then run the risk of losing customers to somewhere else that may have better staffing, so yeah, we're going to see inflation but i think it's for the very reason that we're having to pay workers more that we're going to end up seeing higher cost if prices are
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determined by the cost of wages and the cost of those products, so i don't think it's going to be good for the economy, stuart. stuart: look there's a great deal of talk about this extraordinary rally that we've seen in stock prices and its got to come to an end at some point, some kind of correction or entrance into a bear market that's the conversation about stocks. what about the conversation with housing because that too has gone straight up whether it's prices or sales or bidding prices, its gone straight up. do you think we see a correction or a downturn for the housing market anytime soon? >> i don't think so, stuart. a lot of americans are concerned about that for housing crash. i don't see and i'll tell you why. it's really supply and demand issue right now freddie mac said , compared to this time last year, the 50% fewer listings now than there was a year ago. 4 million homes short of demand. many americans are waiting for the housing market to crash before they buy and my advice is you maybe waiting for a very long time because i'll tell you,
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stuart. one of the unintended consequences of low interest rates is that americans buy homes, and they sit on it. because their mortgage, their debt service payment is so low. they won't even think about going out and buying something else so i think we're going to be in a prolonged bull market for housing, namely because the supply is just not there stuart that equals higher prices and that trend will continue. stuart: we shall see david nicholas thanks for joining us this morning we appreciate it. sandra is back with us, and i've got to get into this subject here. we're showing you right now, that's throwback video -- >> march 2009. stuart: that's when you were covering the bernie madoff scandal and you've got a fox nation special all about it. tell me more. >> that is three months after bernie madoff, the very well- known finance was arrested here in new york city and it was on that month that you saw me just a moment ago, that of course was one of the first days that he headed into the courthouse. i was there for all of this. it was march 2009 where he plead guilty to all felony counts against him and his house of
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cards came crashing down. i will never forget covering this story. i stood outside of his apartment on the upper east side for months, stuart. we didn't know when he was eventually going to get called into court. we stood there reporting on this story, and the lives that were ruined as a result. i mean, you're talking thousands , thousands of families the ripple effects were felt across the globe, billions of dollars were lost. it was a ponzi scheme it was one of the biggest of all-times. stuart: but i'll bet there are people in our audience who never heard of bernie madoff. if you're a younger person, this all happened 13 years ago. he was arrested in december 2008 if you're in your 20s or early 30s you never heard of bernie madoff. >> it was one of my first years reporting the fox business network just launched a year prior and there we were and it was tough to know what to make of the story, right? here was this well known guy known for these phenomenonal returns on wall street. everyone wanted money with him and there were blue collar families that the had money with
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him, white collar workers put their investments with him and there were hollywood celebrities , kevin bacon was one of them and his wife. they lost everything, stuart. stuart: yup. >> and people found it hard to believe in the moment when it was happening that he could have run such a massive ponzi scheme for decades. stuart: because it was $50 billion, and nobody understood how did he do this and how much weave actually lost but i've got to tell the audience. sign up now for fox nation because if you want to see the bernie madoff death of a snake oil salesman, it comes out tomorrow. if you want to get exclusive access to all of the original content events and your favorite personalities on any device, you sign up for fox nation. >> fantastic and we take a look back at what happened but also talk to the victims now many of whom are still trying to recover their money. stuart: a good story, sandra -- >> hi to susan by the way. stuart: thank you very much indeed. >> great to see you. stuart: all right check those markets. and susan is with us, by the way >> hi, sandra! stuart: red inka
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across-the-board, united airlines this is down 9%? >> yeah, one of the worst days we've seen for the airline in sometime, and the reason is because they announced a $1.5 billion loss in the first quarter of this year, and they will be profitable at some point this year, but if you think about it the travel recovery takes a little bit longer than anticipated. nike also leading the dow lower as well being downgraded this morning by citi to neutral, but there are concerns over chinas politicos boycott after nike spoke out by detained weger s, china is nike's second biggest market and oil prices are lower we're off by a buck for brent crude and west texas is down dragging on the u.s. oil majors again another decliner and a drag on the dow, we're down some few hundred points and finally harley-davidson hog going the opposite direction, three- year high for harley because they say 63% of dealerships have now signed up for their pre-owned bike programs so that's exciting for
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them. stuart: got it thanks very much indeed. susan, all right now this. ever wanted to own your own town there's one for sale in california. you won't believe how much it costs but we do have the story. vice president harris says we're all able to breathe easier and sleep better with president biden in the white house. joe concha disagrees, he's on the show coming up. >> president trump thinks he knows how to win back congress. watch this. >> should anybody that wants to run for the house or the senate , should they take this make america great agenda. >> if they want to win, yes. stuart: uh-huh, brad blakeman here to discuss that and respond to it, he's next. >> ♪ ♪ ♪ ♪ walter, did you know geico could save you hundreds on car insurance and a whole lot more? so what are you waiting for? world's strongest man martins licis
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stuart: now if you're wondering why the dow industrials are down 280 points, just take a look at boeing and goldman. they are dow stocks, they are both down sharply. together, they take 130 points off the dow industrial so without those two stocks the dow will be down just 150 instead of nearly 300. >> former president donald trump told fox's shawn hannity that the gop must run on a maga agenda if they want to take back congress in 2022. watch this , please. >> should anybody that wants to run for the house or the senate , should they take this make america great agenda and fight for those things that you fought for the four years you were president? >> if they want to win, yes. we've expanded the republican party. you know it's like it should be the party of common sense. you need people that can lead
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that have a vision that have personality. otherwise, the clock is just, the clock is ticking. stuart: okay, brad blakeman is joining us this morning, republican strategist. all right, brad. is the maga agenda going to be the filter that decides who the republican party puts up as candidates in 2022? have they got to conform to the maga agenda? >> well, you know, i think a lot of the maga agenda needs to be rebranded. donald trump is no longer the standard bearer of the party new leadership is going to have to rise and i would suggest that a better platform is an america first agenda. lots of good things that happened during the trump years, in policy should absolutely be incorporated in that. not only in policy but in personality. i think that is the strategy to win in the mid-terms is to define republicans against the
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democratic-failed policies of joseph biden and the far left look, years ago, you used to insult a democrat if you called them a socialist. today, they favor it so that's the point we have to bring home. america first, and restore the capitalist ideals that have made america the greatest nation on earth. stuart: as of this moment, is former president trump the flat out leader of the republican party, with no challenger in sight. does he enjoy that status? >> i think he's one of the leaders but i think in order for republicans to continue, we need to have leaders that are actually governing. former presidents tend to take a back step. donald trump is certainly not like any other president we've had, and that's a good thing, and he's going to be active not only in election cycles, but in off-year elections in raising money, and in formulating policy we welcome that, of course. he's a strength of the party,
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but in order for us to be greater than we are today, we have to take back the senate, the house, and the white house with the help of former president trump for sure. stuart: okay. we've got this just coming at us , brad. the u.s. reportedly is going to set aside 6,000 work visas for people from central america, guatemala, honduras and el salvador. now, this is just coming at us right now, brad. is this their way of cutting down the flow of people from central america to the united states? six thousand work visas. >> no, this is ridiculous. we have a border crisis of tens of thousands streaming across the border thanks to joe biden saying in effect there's a moratorium on enforcement and that we're not going to have a secure border like we had during the trump years. this is just a finger in a dike and it's not going to work. it's for show, and if it wasn't
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so serious, it be comical. stuart: and by the way, vice president harris has gone 27 days now without a border press conference, and there's no signs that that kind of press conference will take place any time soon. brad, i'm sorry i'm out of time but i've got to leave you but come back soon because we are intrigued about president trump 's position in the republican party, and his standing for 2024. come back soon, brad blakeman. >> thank you. stuart: now i'll tell you about nipton. on your screen, it's a small town in california, about an hour away from las vegas. that town is on sale. the entire town. ashley? how much? ashley: latch latch $2.75 million. what do you get for that? well you get about 80-acres in the mojave desert and thrown in a restaurant, hotel which opened in 1905, 116 years ago with five
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rooms also lots of room for camp ing and rv spaces and the tiny town of nipton, the population of about 25 on a good day, is as you say, stuart, about an hour south of vegas just across the california border. it went up for sale after a company that was going to turn it into a cannabis destination, went up in smoke, it went bust, but since then, about 30 potential buyers have come forward but the owner of the town, roxanne lang is not budging on the price. she says it's both the going, asking, and everything else price. stuart: [laughter] ashley: $2.75 million. stuart: that's an out the door price isn't it really? ashley: yes, exactly. stuart: by the way, i'm staying on cannabis because everybody knows, or you certainly know, ashley, today is april 20. ashley: what? stuart: 4/20 now you see that on the left-hand side of the screen , ashley? that's you in a growing facility i think that was in florida wasn't it? didn't you have to wear like a suit to make sure you didn't breathe anything in?
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ashley: no. no that's when i went to a pot growing facility in canada and yes, there is a theme here. you had to wear everything to stop it being, you know, affect ed by any bugs or anything but in this open grow area at a greenhouse in florida, nope, just me and my check shirt there i am. stuart: [laughter] going to tell the audience we've got news on cannabis. the house just passed the safe banking act, which protects banks that do business with companies in states that have legalized pot, so, essentially, ash, i think we've just, that's crossed quite a milestone on this april 20 4/20. ashley: it's coming. stuart: i remember it vaguely. from pot tok back o, you're into this , this one, ashley. the biden administration is going after nicotine, is that right? ashley: it is, it is. it's considering requiring tobacco companies to lower the nicotine in all cigarettes sold in the u.s. to levels at
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which they are no longer addictive. now that discussion comes as a deadline approaches on whether or not to try and ban the sale of menthol cigarettes, according to the wall street journal the biden administration trying to decide if it should reduce nicotine levels in conjunction with that menthol ban but as you can imagine, the news sent tobacco stocks down yesterday by some 6%, bat by the way and altr ia are down 4 or 5% today but phillip morris bucking the trend up nearly 3% today. stuart: go figure, thanks, ash. 4/20 don't forget. fresh fallout from soccer's new super league, late night host james cordin calls it the end of the sport we love, we've got the story for you. congresswoman maxine waters no stranger to making inflammatory statements, remember this one? roll tape. >> everybody from that cabinet in the restaurant, in a department store, at a gasoline
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station. >> [applause] >> welcome anymore, anywhere. stuart: wow, darryl scott is fed up with maxine waters and he's on the show, next. >> ♪ ♪ ♪ ♪ [announcer] durán catches leonard with a big left. ♪♪ you can spend your life in boxing or any other business, but one day, you're gonna take a hit you didn't see coming. and it won't matter what hit you. what matters is you're down. and there's nothing down there with you but the choice that will define you.
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stuart: check your screen and you'll see the s & p 500 down 36 points, 4,126. that is its low of the day. plenty of red ink on that market this morning. next, we have the jury in the chauvin trial and it is deliberating right now. matt finn is outside the courthouse in minneapolis. any idea how long the jury is maybe deliberating for? reporter: stuart, the jury deliberated until 8:00 local last night and the judge in this case said he's going to allow the jury to basically make their own schedule and deliberate as long as they would like or indicate if they need a break. noteworthy that after a very long day of closing arguments yesterday the jury chose to deliberate even a few more hours into the evening and then this morning, the jury started one hour earlier than expected at about 8:00 in the morning so you can deduce that perhaps this jury is motivated. they are getting to work right
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now. former officer derek chauvin charged with second and third degree murder and second degree manslaughter and the jury charged chauvin guilty on those. throughout this trial they asked the judge for an acquittal arguing there was too much publicity and they asked for a mistrial one more time last night and the judge denied that. here is a portion of some of the closing arguments from the prosecution and the defense. >> the minneapolis police department specifically trains them. he trains on neck restraints, minneapolis police department has a specific written policy on the use of neck restraints and it was permitted. >> for nine minutes and 29 seconds the defendant's weight on him, the lungs in his chest
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unable to expand because there wasn't enough room to breathe. reporter: right now the jury is sequestered. their exact location of deliberation is obviously not being publicly identified. the judge said that if a verdict were to come down in the evening hours, he would wait to announce the verdict until the following morning because of all of the potential unrest here so we'll keep you updated stuart. stuart: thank you matt, right there, thank you very much indeed. now the judge in the chauvin trial condemning congresswoman maxine waters for her inflammatory statements. listen to this. >> we've got to get more confrontational. we've got to make sure that they know that we mean business. >> i'll give you that congresswoman waters may have given you something on appeal that may result in this whole trial being overturned. i wish elected officials would stop talking about this case. i think if they want to give their opinions, they should do so in a respectful and in a manner that is consistent with their other to the constitution, to respect the co-equal branch of government. their failure to do so is abhorent. stuart: darrell scott joins us
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this morning. what is your take on congresswoman waters and what i call her inflammatory statement? >> well, crazy maxine waters was very very irresponsible in her activities. her being a legislator and a congresswoman should know better than try to in cite and inflame motions and she should know enough to allow the legal process and here is how dumb she is. she went out, complaining that if we don't get the verdict that we demand, a verdict of first degree murder, guilty as charged and first degree murder, then we ought to confront and to protest or whatever, and resist , but he's not even charged with first degree murder he's charged with second degree, third degree, and second degree manslaughter, and so what those are unlearned or ignorant when i i say ignorant, i'm saying as far as not aware of
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all of the facts, if they hear anything less than a guilty verdict on first degree murder, to them, that's a cause to protest. when he's not even been charged with that, and she's being wreckless and irresponsible, she needs to decide whether she wants to be an 80-year-old activist or an 80-year-old congressperson, she needs to be put out to the pasture, very wreckless, irresponsible and inflammatory it and she needs to be removed for those statements. stuart: but if she were to be censored she would have to stand in the well of the house and the whole house would have to vote on her. in other words we would know how many democrats support censoring her. that be a split in the democrat party. that means that a censor motion is probably not going to happen, certainly not with the approval as speaker pelosi. >> no it's not going to happen. pelosi has already backed her. the biden administration is backing her. where is the republican party sometimes would have that same
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type of spine because when we see that insurrection from january 6 was pre-planned and i said it that i believe it was a setup, they knew it was coming and they did stand down only to make president trump look back and we had those irresponsible and i won't name their names even though i should, liz cheney and others, they took a public stance against president trump, the democrats will never do that even when they know maxine water s is dead wrong, and these others that took a stand against trump have proven that they're dead wrong as well. stuart: okay. pastor i'm sorry we're short on time, but we're always want you on the program, as much as possible. so come back soon, sir. especially at times like this. >> you know how we do it. stuart: we got it. we got it you're all right, we'll see you again soon. god bless. stuart: switching gears i'm showing you the sports stocks all down today, some of them significantly. ashley, people are not happy about soccer's new super league. i don't know whether that's got anything to do with the sports
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betting stocks but what are the critics saying about this super league? ashley: oh, my gosh, the govern ing bodies, former players, fans, managers, pundits all are furious, the president that be in competition with this new super league describes it as a spit in the face. british prime minister boris johnson says no action by the government is off the table to block this move. french president macron says he's proud that the country's top team psg has not signed up for the breakaway league meantime james corden, he's the british host of the late late show on cbs said he is disgusted by plans for european super league. just listen. >> i'm heartbroken by it. genuinely heartbroken by it. i'm heartbroken because the owners of these teams have displayed the worst kind of greed i've ever seen in sports. ashley: he is absolutely right
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and stu, the outrage goes on even among the teams included in the proposed new league, liverpool manager says he doesn't agree with it at all, and he says the club's players were not consulted meanwhile the premier league and the 14 remaining teams in the league say all actions to stop these teams are joining will be considered. its become such a huge deal. i know our viewers may not be familiar with this , but outside of the united states and then europe for sure, this has created a massive massive , you know, fight of all-time, probably in the history of the game. stuart: it is the mother of all fights certainly in soccer, got it, ashley thanks very much. here is a question, do you ever feel like you need one more cup of coffee? roll tape. >> this drink, i like it. >> i know, it's great, right? >> another! stuart: okay, one company wants
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to pay you to drink more coffee. we'll tell you why. president biden's green energy push may end up costing you some more money. jeff flock inside a home solar installation, he'll take us through the finances, next. >> ♪ ♪ ♪ ♪
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>> it's like milk, but made for you, wow. stuart: that was a very successful super bowl commercial the company that was being advertised, oatley, has just filed to go public. now they had revenue of $420 million last year, oakly will list on the nasdac under the symbol otly. now you know. show me the coffee stocks please and come on in, ashley. we've got this company that wants to pay people to take more
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coffee breaks. okay, why and how much are they preped to ared to as: wellllt's begit's be wt's bh tuff, 3tuff, 3,0ucks,0 's how's howuch, mause a a a new su fromey f ne fin f that americamericaneing ferer coffee bffeere andre working wog urs duriurs duri the thedemic. ganicorganicgae wfee w pay pay o lu peoplo to takeoreore cof cofc eaeaksbreaks. eainneear wrecei recei r aash e of o $3, $000, and course, a generousus stash s of of colre co andnd the tine teo ent eer onlionay 3ay1, 3 stu s,tututut's e e goo deal. stuastrtua: thrtat is is a commy chameleon coffee and it didn't cost them very much money either, good commercial though. now, i'm going to digress, move away to a different form of energy, solar energy, from solar panels. there are new rules which benefit people who install those solar panels. so let's go back to jeff flock,
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he's at a home installation in illinois. they claim homeowners can save, so, how much are they going to save? reporter: well, it's funny you ask that mr. "varney" because i did ask, eric peter and he installed a solar installation on this house. that was a panel by the way that you just saw there, but here is the bill. i know you love to look at bills , especially when you don't have to pay them. this is his cost before he installed solar, $208 and some odd cents for the month of august i think. the month of september after he installed it, $14.89. is that, i mean, is that weird or is that something that you can actually count on? >> that else pretty typical. before solar you might have 150- $200 monthly bill and after solar it might look like $15 so you're saving 150-$200 a month. reporter: so there's the upfront cost and here is the other thing , you get a subsidy from
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the state of illinois because you put solar in. now, if i don't put solar in, you're getting a subsidy but i'm not. is that fair? >> well it's not a detriment to somebody that's not able to use the subsidy. it's more of a benefit to people that are using the sub id it for solar so it's helping them save money every month. reporter: gotcha i just leave you with this is the panel. this is what it looks like and this was made in alabama, if you spin it around, if i don't break it, do they break easy by the way? >> they are pretty durable, jeff. reporter: and this is where it plugs into the system, put that up on your roof, mr. "varney" and you'll be cool. stuart: [laughter] that's a very difficult thing for me to be, hip and cool but there you go, son, i'll try my best, thanks very much to jeff and the gentleman showing us around his house all good stuff. thank you. we've got to get back to the markets because you have a downside move here the s&p is now at the session low look at that down almost 1%, 37 points. i find that strange, because the yield on the 10 year
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treasury has dropped all the way down to 1.57%. when that yield goes down, and nasdac stocks often go up, but that's not the case today. there's something got into that market that's pushing it down. now this. amazon, yeah, they are going to open their first hair salon. how about that? they will use augmented reality to help people choose a new style. we've got more on that for you coming up. whatever you do, don't call migrants illegal aliens. immigration agencies being ordered to stop using language like that. they have to be more inclusive. joe concha has a lot to say about it and he's on the show next. >> ♪ ♪ ♪ ♪
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>> schools are reopening. businesses are reopening. grandparents are seeing their grandchildren in person and the american people are now able to breathe easier and sleep better. stuart: got it. we are able to breathe easier and sleep better with president biden in office. joe concha is here. are you sleeping better with
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biden in the white house? >> very interesting that she put it that way, stu, because i think a lot of americans aren't sleeping easier considering what they see on the news on a night ly basis. when they see crime skyrocketing in major cities and riots continuing on a nightly basis 50 mass shootings in this country in the past month alone, police morale at an all-time low, police looking to retire earlier as a result, because they feel like they've gone from being protector s and nobel people to the bad guys, and then obviously that crisis at the border. stuart: yeah, i mean, we're not sleeping easier, especially at times like this , when we're expecting the chauvin verdict. >> that's right. stuart: and we've got maxine waters i'm going to say stirring it up. >> inciting. stuart: i think that is accurate >> stuart when you say for people to get more confrontational, that is incitin g violence against mores
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who already have an impossible job in some of these cities and if there's a mistrial that's just as bad as an acquittal. either way there will be an arrest in this country since we haven't seen since the summer of 2020 or summer of 1968. stuart: this country is on edge. >> if you care about money too and you see these bills, 2 trillion for covid relief and not even 10% goes to covid relief another 3 trillion for infrastructure when only 6% goes to infrastructure, 5 million on top of what we were spending already, who is going to pay for this eventually? stuart: well we all know it's you and i. >> exactly. stuart: you don't sleep easier with that. >> or my children. stuart: i want to talk to you about the speech police because the white house is telling i.c.e., the immigration people, stop using the term illegal alien when referring to migrants instead they are going to be called undocumented non-citizen, or undocumented individual. there's the new terms, right hand side of the screen. this is the language police. they are now again. >> interesting that the priorities are this , around language, instead of around
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action. 20,000 unaccompanied children are now in u.s. migrant facilit ies that used to be called kids and cages but that was retired on inauguration day you're no longer allowed to use that term and during a pandemic no less you have the facilities at 17 times the capacity so in terms of some of these migrants testing positive but being released into the general population. it's a literal super spreader event and we're worried about language instead of worrying about fixing a border and a vice president who will not visit the border to see exactly what the conditions are there that include reports of sexual abuse of young girls. stuart: you're a guy who covers the media. i don't see any change in the media that they are still fawning all over a democrat and they are still full of hatred for president trump. there is absolutely no change there whatsoever. >> just hold powerful employee accountable. i don't care if you have a d next to your name, an r next to your name, that the is the job but no one is asking the tough questions particularly of president biden and kamala harris on how to fix
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this the crisis at the border, stuart it's a catastrophe. stuart: just you wait until tomorrow's virtual climate summit. that's going to be interesting, shall we say. >> yeah. stuart: joe thanks for being with us. >> always stuart: check the markets real fast with a downside move on the dow of close to 300 points. show me amazon, we've got news. amazon is opening a salon overseas. ash? a hair salon? ashley: [laughter] it is. it's the first-ever hair salon. wait until you hear the name it kind of fits. it's in east london called the amazon salon. there you go, kind of rolls off the tongue according to a blog post it will be spread over two floors in a new very trendy district near shortage, for anyone who knows london it will be open seven days a week less than a five minute walk, by the way, from amazon's uk headquarters and it will use technology, augmented reality to let you look at different colors and styles, also you can point
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to protects products and some of the information will come up on a display screen. all i can say is by the way it's a one-off according to amazon. we'll wait and see if it's that successful they could expand, but no one, i repeat, nobody can use ar on this hair. it is bulletproof and everything else proof, so, i just want to point that out. stuart: we are exceptionally jealous, especially me, but that's the way it works right? ashley: that's why i mention it. stuart: [laughter] i knew it here is the tuesday "varney" trivia question. how much do people spend annually both eating at home and eating out? we'll have the answer when we return. we started with computers. . .
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stuart: here is the question again, how much do people spend annually eating at home, eating out, the answer, the average? $6600. that is annually. 3900 bucks spent on food at home. 66,000 eating out. so you know. we have red ink across the board. show me johnson & johnson please. i think the stock should be up. let's see if it is because j&j's vaccine, the european regulator says it will have to carry a warning about those blood clot problems but the regulator believes the benefits of j&j's one-shot vaccine outweigh the risk and the rollout of the
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vaccine in europe will proceed. very good news for europe. very good news for johnson & johnson. the stock is up 2 1/2%. you have a $4 gain at 166. it is going up as we speak. good news for j&j. good news for europe. time is up for me but kneel, it is yours. neil: stuart, thank you very much. it has been a tough days for bulls in this market. the selling continues despite an earnings trend going way beyond expectations of companies that have reported. earnings out formed 2 to 30%. the average is 7 to 8%. not earnings that are unnerving these guys. go to jackie deangelis on what might be. reporter: good afternoon to you, neil. the markets weak down about 300 points. the earnings are strong but reopening stocks are hitting markets like airlines and cruise lines, american airlines fell 6% while united droppede

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