tv Varney Company FOX Business April 22, 2021 9:00am-12:00pm EDT
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dagen: a big thank you to take and mcdowell, thank you for being here and have a great day. thanks for joining us. "varney and company" begins right now. stuart: good morning, everyone. we start the program with a tweet from a basketball player, a megastar, lebron james. we are doing this because the intimidation of the police and the whole legal system is extremely important and it is happening. it showed a picture of the police officer involved in the shooting of a teenage girl in ohio and the caption read you are next. he took it down but the damage has been done. it is intimidation.
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lebron james is not been banned from twitter even though the national order of police call that reckless and disgraceful. the president and vice president said we are systemically a racist society. we are -- the green new deal demands racial equity. aoc blames racial injustice, the climate crisis, everything is about race. i beg to differ, it's not. i will go further. we seem to be at war with ourselves, intent on self-destruction. move on. ♪♪ the day i die
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♪♪ touch the sky ♪♪ stuart: what might be considered a downer, what is going on is extremely important, we should be talking about it openly and freely. dow industrials, same with the s&p and the nasdaq. no major selloff but this comes to the end of a week seeing stock prices plateau and follow little but there you have it. as for bitcoin the current price is 55,$000 a coin, they have not done much this week, certainly retreating for the record high of 64,$000. chipotle, earnings out for the first time online sales exceeded in-store sales, they
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made a big successive take way, stock is at $1,528 per share. back to futures, read across the board. here is luke lloyd. the market seems to have plateaued this week. camellia coming down a little bit but you say we are in a win/win situation. do we go out and keep buying? >> don't you love when/win situations? they don't come around very often. when good news is goodness and bad news is good news it is hard not to be bullish. covid goes away and every state opens with no restrictions, you will see the hottest economy of our life. that is the good news is good news for the stock white. if it gets bad like in canada, what do you think democrats are going to do? we know democrats love to spend money, they will give more
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stimulus and print more money. bad news is good news for the stock market. it is a win-win in the short term until we pay the piper down the road. it is cautious over -- it is bullish all around. stuart: still thinking we are going up from here. we will close that argument and moved to this. you are in cleveland. restaurants are having trouble staying open even though they've been allowed to reopen, what they can't get people to work in those restaurants. is that accurate? >> absolutely accurate. nfl draft coming to cleveland. one of my favorite restaurants and bars when i had down there for a few beers. restaurants are having trouble staying open, not because of demand or restrictions but because they can't find people to work, because of the unemployment benefits being given out. unemployment benefits are head wind to the economy, more people are making more money on
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unemployment and as they went to their jobs if somebody paid me more money to stay home and do nothing what do you think i would do? it probably doesn't apply to me because i like to work and i would go insane doing nothing but understand helping those who need it but time to get back to work if you're able to. incentivize people to get back to work. stuart: that money will keep flowing. let me deal with bitcoin. are there warnings about bitcoin? >> we might have resistance when it comes to bitcoin, the charges are it could call back to 50,$000 because it has been down 5 elastics days, that is a bearish indicator. think of a 10% decline that might be on the cards facing resistance. bitcoin if it doesn't get back above 60,$000 soon, the trading levels in february and november when bit coin prices went flat
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if not down, just this morning they say they will release a white paper that might lift bitcoin prices arguing bitcoin could drive renewable -- talking about dogecoin, your 40% lower than what we saw in the 40s friday and monday, the second largest crypto currency, and if thes are paid in either rallying ether prices up 14% so there is good and bad in the crypto space. stuart: i want to bring luke lloyd back again, you have 20 seconds to tell me why i should get a bit of the bitcoin pie. >> it will be volatile, not a smooth ride.
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in the short term it could drop to 30,000 but what it comes down to is adoption across the board, paypal is one of the first, i used to use them all the time, instead of saying use some cash it is let me oh you some bitcoin. only so many pieces of the pie to own and maybe not go all in at once. stuart: you have 30 seconds, see you later. let's get to a serious and disturbing story. ohio police release new body cam video showing a black teenager charging young woman with a knife. the police officer responded by shooting her. lebron james shared this tweet which has since been deleted. it showed a picture of the cop involved in the shooting with the words you are next. to me that is incredible.
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pete hegseth is with us this morning. this is serious stuff. lebron puts of this stuff and he's not band from twitter. i am running out of words. >> by the way the image you just put up at a blurred face because this is a responsible program, lebron james's did not, the face was there for the world to see and that you are next, hashtag accountability. this is what happens when social media has immediate commentary with very little information. did lebron james watch the whole video? did he read up on the context? do you know why the police arrived? someone made a phone call saying me and my friend are being threatened and being stabbed. they call the police. the police arrived on the scene, sees chaos, they know he's there, she still trying to go. watch the video in real time.
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that is the split-second decision the officer had to make. this woman is about to be stabbed, she's defenseless, multiple times. he made the tough call to shoot. what if he hadn't shot? what if he decided to stand back? sc allowing black lives matter to be massacred without acting? when you talk to people who have been in the position he made a tough call in a tough moment. had nothing to do with race, he was the one called. stuart: race is assumed to be at the basis of everything. this is how the white house in the media are describing that ohio shooting. watch this. >> police violence disproportionately impact black and latino people in communities. >> we see in the video the 60-year-old girl did have a knife that doesn't change the fact that she was a 16-year-old girl. >> this is just what is in the
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news on a weekday in america. the relationship between police departments and black communities. stuart: race is everything in america today. that is the weight is portrayed. we can't have a serious discussion about the problems in america today. that is divisive and distractive. >> one side is pointing at you or me or others and saying if you are not willing to acknowledge the whole system is racist that you are racist and we 10 -- can't talk. you are white privilege, blinding you to the realities. you know who set that tone? it is joe biden. in light of the chauvin verdict he walked to the podium and said two things at the same time, most officers are good people which we know to be true but the next breath he says these police departments and cities are infected with systemic racism and now you have the attorney general going to minneapolis saying the whole department might be systemically racist.
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tell that to the officer in brooklyn center who used her taser, exemplary record for 26 years. are you telling me she showed up on the scene and her racism cost or to accidentally shoot? then you can't have a real conversation about use of force, motives are impugned because lebron james saw one thing, the skin color of the cop. how do we get to the point the only thing that matters is the skin color of the car? if there was a kid shot at the mcdonald's drive-through, black child 7 years old, why aren't we talking about that? we are not because it doesn't fit the narrative. stuart: you can't put conservative opinion on social media, you are band. lebron james can target a police officer and still keep on tweeting. that to me is incredible. this program is about politics and money. i'm digressing because i think america faces a profound problem.
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we are self hating, shouldn't be doing it. >> a few years ago that was not the direction we were heading as a nation. was meant to embrace content of character, not color of skin. stuart: look what we are teaching in schools, you're judged by the color of your skin. >> critical race theory on monday the biden administration announced money will be given to the critical race theory. we think it is bad now wait until your eighth-grader comes out thinking america is a horrible place. stuart: this is very important and i am sorry we didn't leave time to talk about bitcoin but that is the way it goes. you are all right. check futures again. we are 18 minutes from the opening of the market, we are down a little bit. get ready for the left's next power grab. they want to make washington dc the 50 first state. the vote is a few hours away. can you encourage statehood
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president biden announced 200 million shots have been administered in america 51% of adults getting at least one jab but the president warns of people don't get vaccinated they might have to cancel their july 4th celebrations. >> celebrate independence on july 4th with family and friends and small groups, we still have more to do in the month of may and june. we may have to mask up until the number of cases goes down so everybody has a chance to get their shot. stuart: then there is this. a scientist who helped develop the pfizer vaccine says a third shot will be needed. does this mean we've got to
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have a covid shot every year? >> it doesn't. a veterinarian by training but a top vaccine scientist, doesn't have any science to back that up, the shot is working beautifully. i talk to multiple scientists about this, more fear mongering and we don't need it. pfizer has an incredible vaccine, no need to talk about boosters like that. stuart: i'm told vaccination rate has slipped a little because of the positive j and j vaccine but we are doing $3 million a day. should we be concerned about the slowdown in the vaccination wait? >> i'm concerned the president talked about unity but is not reaching across the aisle on
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this, this too much blame game going on, where your mass, where your mask, he has to figure out how to message to people who are hesitant to take this vaccine and fear mongering on johnson & johnson didn't help, too much discussion about headaches that are almost impossible to get. we are going to come up against the problem if we see a slowdown. we need to keep the rate up at 3 million a day. we have to look to israel and the united kingdom. if we keep going like this we will come out of the woods. michigan is down finally, 5000 new cases, death rate way down. we are seeing the effect of the vaccine across the country and unity doesn't mean my way or the highway, unity means figuring out how to talk to people, florida, texas wide open, new york, michigan not wide-open, not a lot of consistency. we need more consistency out of the leader of the free world. stuart: thanks for joining us this morning.
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show me pfizer, it has gone 39-50 per share. it was in the doldrums, it has moved up 35, 36, now it is 39, not a huge gain to gain nonetheless. there's a story here about fake pfizer shots outside america. >> people who have gotten fake pfizer shots, some priced as high as $1,000 a dose. mexican authorities say the shipment of 6000 doses of sputnik vaccine from russia headed for hunter us. there are a lot of concerns but also poland, scammers put an anti-wrinkle botox like treatment with the pfizer vaccine and then police in china and south africa, thousands of doses of counterfeit covid vaccine in warehouses, manufacturing plants arresting dozens of people and there are numerous
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fake accounts, fake websites trying to sell shots so authorities are rushing and it is buyer beware. stuart: i learned that lesson along time ago. you will see does not that much movement coming up at least at "the opening bell". modernists, tiny red ink. we will be back in a moment. if you wake up thinking about the market and want to make the right moves fast... get decision tech from fidelity. [ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. with zero-commission online u.s. stock and etf trades.
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because doing right by our members, that's what's right. usaa. what you're made of, we're made for. ♪ usaa ♪ stuart: with futures showing very little price change this week the markets seem to have gone on a pause. that is getting a few people worried about what comes next. why don't you address those concerns? >> we had such an incredible run from march 20 fourth all the way to tuesday, we went through four weeks we never saw two consecutive down days, first time we get to 2 consecutive down days, there was weeping and gnashing of teeth and that shows how strong the market has been and every little pull back is a chance to
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put new money to work. stuart: we are in rally mode going up. you would put more money and even at these prices isn't that right? >> you have to be there because it is so much more important to catch those nice big run-ups like we had over the past few weeks and to miss the little tiny pull back and let's be frank, the pull back has been pretty small. if you are a said it and forget it investor you have to be participating. stuart: every now and again you represent specific stock. we will give you 30 or 40 seconds. today you tell me you like square, payment system, where is it going? >> i love square and what they are doing is two distinct business models where they help small businesses to take payments and take your credit
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card, small and medium-size businesses and they have won that game, huge market share from everyone else, simple to get going putting new stations out there for folks. my favorite little -- both went to square during the pandemic. the second part of the business model is allowing peer-to-peer payments, the cash apps which has grown hugely through the pandemic. on the bitcoin side they are doing lots of things, and 39.4% year over year. we can't sustain that number but continue to grow really well, 14% pull back, great place to buy a stock.
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stuart: 245 on your screen square where is it going? >> it has 280 before the end of the summer. this is a short-term by that can give your portfolio are nice boost in the near-term. stuart: my problem is so many of these hot new companies i never heard of. i know what square does, blanching at the thought i don't know what square is but don't you find that -- i know you are younger than me but there are comments i never heard of. >> it is a problem. peter lynch said invest in what you know but understanding the business model of what companies do is important for investors. when i hear about those companies i like to find out what they are doing and i bet your viewers do as well.
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stuart: you are all right, see you again soon. we have 15 seconds to go before the market opens thursday morning april 20 second. a bad habit recently of getting the day and the date wrong, it is thursday, april 20 second and in three seconds of this market opens. here we go, on the downside from the get go it is not a huge loss though i will tell you two thirds of the dow 30 are in the red, a 60 point loss, down a fraction 0.08. the nasdaq composite down, it is up but only just 0.02%. they are on the nasdaq, most of them are down. the one winner is amazon which is down. from the get-go we have big
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tech on the downside but losses are not huge. show me chipotle. they reported after the bill, you saw that report and what stood out to me, more business from takeout then they did from in-store businesses. >> the rally is requesting the shift to online. tripoli, expensive chips doing well with the digital ordering transition, they also say they could thank two menu items, proved very popular in the first 3 months of the year and online ordering more than doubling in the quarter picking up 50% of chipotle sales. check the analysts they threatened to raise their target prices, going all the way to 1850, that is $300 more from here, you get another 20%
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according to that. stuart: that is a strong performance from a relative newcomer in the restaurant business. >> coming back from scandal. that stock price is 150. stuart: let's move to the airlines, the dow dropped 100 points in the first two minutes of business. the airlines, i saw that, the stand out to me was cash flow is good, implies they are coming back. >> chipotle had a bigger quarter but for the fifth consecutive quarterly loss that is in line with what united and delta, one and a quarter billion punk, they did note improvements, and cash flow positive, it is a good sign for
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airlines, southwest made a profit, that is rare. it goes back to $1 billion in government day for offsetting other costs. the flight schedule is up this year, breakeven or do better, >> travel is coming back. >> it is coming back for the legacy. stuart: the credit report people reported their highest ever quarterly revenue. it is up 11%. whirlpool, there's a pandemic winner. they update their homes and appliances, whirlpool raised its guidance. stock will go up 4% higher for whirlpool. let's look at the dow world is
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-- winners, headed by boeing this morning which is set at 237. the s&p winners, where are they. so they did well. they are up 4%. >> the s&p is trading above their 200 day moving average. the last time we saw that. most of the stocks are up past pre-pandemic levels. nasdaq winners, tesla was in there. teslas up one%. we have some winners. the dow is down 126 points. at&t was languishing 28, $29 a
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share, notice 31. they just came out with a strong report. what about their streaming. >> the -- hbo max had $42 million, added $2.7 million in the corner domestically in the us and that rings the total of paid streamers to 64 million. is that impressive we are 18 months into a business, godzilla which you watch because you told me to watch it, not like you knew the ending so i did watch it this weekend, great movie. they partnered up in a way, you are making me move the -- ruin the plot line for people. justice league driving the sign up, a 4 hour investment if you have the time. 64 million globally, 200
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million global subscribers, disney plus had 100 million plus in eight months. it took netflix 9 years to get 100 million. stuart: king, buddys up. we have something on disney, they made a streaming deal with sony. >> this goes back to a discussion of who is winning the streaming competition, netflix was down 8% so it looks like they are bringing spiderman back to the marble family on disney plus and who, disney has that multi-year content legacy agreement in 2023 so netflix gets the movie first and i migrate to disney, even though disney won't get these new spiderman phones off the bat, long-term arguably that is more valuable according to disney and you would think the hot movies withdraw the eyeballs, you like watching the older films. stuart: i am laughing, a family friend giving a spiderman doll to my 5-year-old daughter who is a fashionista, should have
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seen the look on her face when she got spiderman. let's look at ford motor company. this is the extent of this chip shortage, ford will extend shutdowns at 5 plants because of the chip shortage disrupting the company's biggest moneymaker which is their line of pickup trucks, the stock is $11 a share. >> ford got an lift from up research, $15. stuart: next case robots, did you know they are losing their jobs at walmart, we will tell you why the retailer is pulling the plug. in my opinion statehood for dc's nothing but empty virtue signaling and pandering, that is what i think, let's see what congressman brian stiles thinks, he is a republican.
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stuart: that is a beautiful shot. that is salt lake city, the mountains in the distance, bright blue sunshine, check those markets, 12 minutes into the trading session and a mixed bag here, sharp drop for doubt, 34,000, a couple dow stocks that are way down accounts for that loss. nasdaq down 18. president biden wants to cut us emissions to 50% by 2030. he will make that announcement at this virtual climate summit. big time corporate support.
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>> apple, microsoft throwing coca-cola and utility companies, most impacted by this. another 100 this week, that you are itching -- stuart: give them money. >> tax credits and god knows what else. buy them off. that is really good. >> this has been interested paid. is that a surprise at this point? you have all these big companies, powerful, alphabet, $100 million in climate change funds anyway but we talk about 6 million across 50 states, representing a lot of corporate america. that is a check mark for the administration. stuart: chinese laughing at us
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for destroying our own economy. >> some new urine. stuart: i'm just facing reality. they are laughing at us while we destroy our economy. democrats pushing to make washington dc the 50 first state. the house vote on the bill in a couple hours. congressman brian style, republican wisconsin with us now. there is a vote on this. can you make dc estate by legislating? i thought you had to change the constitution. >> not only is it constitutional but another example of nancy pelosi trying to take total control in washington dc. we started the year with nancy pelosi trying to remove marion miller meeks from the house of representatives, last week the chairman and judiciary committee trying to stack the supreme court by adding four justices, an idea joe biden thinks is good enough to study. today we have nancy pelosi moving forward to add two senators to the united states
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senate to move through the democratic party left agenda. nancy pelosi continuing to try to stack the odds in her favor and take total control in dc, voting no one dc statehood. stuart: seems like the left is throwing everything against the wall to signal their virtue, statehood for dc, statehood for puerto rico, pack the supreme court. i call that virtue signaling and i don't like it. >> they are trying to take total control in washington dc putting forward plans to stack the supreme court with liberal justices. today they will work to stack the senate with 2 more democratic senators. what we are seeing is nancy pelosi and the far lefty seeking total control. stuart: they know they are not going to get it, these wonderful things, look what we are going to do, they know it is not going to happen, they know they don't have to do
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anything. >> it is not going to happen, we can hold the line in the senate, we are a vote away from the united states senate tipping over. this is far more real than some people are appreciating, nancy pelosi will continue to work to take total control in washington dc and we will try to check her every step of the way. stuart: if they vote yes today dc does not become a state. >> we would have to pass the senate. it is unconstitutional but that is where the risk of stacking the supreme court with liberal justices who won't read the united states constitution in the manner that you and i and most americans do is a serious risk. this is how banana republics operate, they stacked the supreme court step one, then they pass laws that are unconstitutional, that would be this bill in front of us today. there is a real risk that nancy
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pelosi will only be successful. that is why we need to check this action and prevent her taking total control in washington. stuart: it is a huge gamble for 2022, isn't it? it assumes we will all forget about this and will keep voting democrat in 2022. i wouldn't make that assumption, would you? >> we can't. what we are seeing under the leadership of nancy pelosi and joe biden is drag our country far to the left. this is where the elections of 2022 will be critical and we need to retire nancy pelosi once and for all and turn off the faucet of this overflowing think that is liberal policies coming out of joe biden and nancy pelosi. stuart: we look forward to your vote, thank you for joining us, see you again later. i want to bring susan back in because - i won't interrupt, democrats will unveil a new plan for free college so obvious first question who pays? >> by higher taxes from wall street so they are pushing for a tax to treat stocks, 0.5%
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bonds for derivatives, 005%, raising $2.4 trillion over 10 years and they are hoping to cancel 50,$000 when it comes to tuition for community college, trade rules and tuition free for students at historically black colleges and universities for those that come from families that make less than 125,$000, biden proposed and supported the idea of 10,$000 in student loan relief, canceling 50 grand and this will come from taxing corporations. stuart: you may your last payment on a student loan and it is all forgiven. >> you had previous student loans, pay it off. what about the interest rate for the years. stuart: thank you. didn't interrupt.
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i am going to say flat out we seem to be at war with ourselves and i don't like it. i will claim why i think like that in a moment. remember when then candidate biden said this about coal miners. >> anybody could go down 3000 feet in a mine and learn how to program as well. give me a break. anyone who can throw coal into a furnace can learn how to program, for god's sake. stuart: please. he did say it and there he is on tape. with the new green push coal miners are very worried about their future rightly so. in a moment you will hear from them.
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>> the miners union say they support this infrastructure plan as long as they are guaranteed green jobs for displaced miners here at this particular mine. roy has been doing this for 50 years so you've seen it all. what does the future hold under the biden administration? >> not very bright from what i understand and from what i read and listen to. and given his attitude towards the coal industry i don't believe there is a real bright future for us. >> reporter: we played a soundbite of president biden saying if you can mine for coal, you are 75 years old, do you see yourself being a computer programmer at this point? >> a lot of these boys won't do it, we like working outside. we like the work we are doing and program is not in our future.
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>> reporter: jobs in the mining industry did increase in the first 3 years of donald trump. what worked then and what would you like president biden to do even if it is wishful thinking? >> i would like him to take some tips from trump is what i would like him to do and get the economy back where it was when he was there. >> reporter: you can see in west virginia they work in all conditions including snow in late april. stuart: that is your job. stick to it. 25 minutes in, down 100 points for the dow industrials, quick check of microsoft, it hit an all-time high, the umpteenth all-time high, backed up a bit now but still $260 per share.
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♪. stuart: all right. good morning, everyone. it is 10:00 eastern time on this thursday, april 22nd and to myself and my family, a very special day. look at this, it is my twin granddaughter's 6th birthday. i want to wish a very happy birthday to cynthia on the left and eleanor on the right. let me shout out to their brother caleb and sisters abigail and page. happy birthday girls. susan: very sweet. stuart: you're on tv. get to money straight off the top. dow industrials down 120 points. nasdaq off 26. as for the 10-year treasury yield, have to quote that virtually every day these days. it is 1.56%. bitcoin, you have a quote every single day, $54,000 per coin. that is $10,000 below the record high. now here is something really important, that is the latest on
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existing home sales. realtors, look at this. ash, the number. ashley: a big number for the real estate market. coming in at 6.01 million. that is short of the estimate and certainly down from february's number. february was 6.22 million. we're expecting maybe about half a percent drop but it is more than that in the month of march. so maybe those raising rates, the lack of inventory certainly hurting but there you have it. slightly lower in march than we saw in february, stu. stuart: we're selling homes, existing homes at an annual rate of 6.01 million. tell me about that. tell me about mortgage rates. >> big news, slipping again below 3% on a 30 year fixed stu, coming in at 2.97% in this past week. that is down from 3.04% for the week before. the rates starting to sink
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again. good news for homeowners, especially those yet to refinance existing mortgages. e fred di says low income homeowners have not been a big part of the refi market. that would be way for them to take a chance. stuart: brian wesbury joins us now. tense up, lad. 6.01 million homes sold on an annualized basis. that is up 12% from this time last year. what's your reaction to this housing date it? >> stuart, it should be a lot stronger. i i was just digging through the data from today. i couldn't find the number i was looking for but last month in february we only had 870,000 existing preowned homes on the market, listed on the market.
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compare that to all the februaries to 1982, that is when the data started. there is no february even close. the lowest we find in history is 1.55 million. so we have half the normal inventory. that goes to show you how explosive this housing market has been. prices are up 12.4% from last year. if you look at new homes there is only 40,000 completed new homes on market today. the average for the last 20 years is 87,000. so these inventories are rock bottom. we could sell a lot more houses if we had some inventory. stuart: but does it affect the overall economy? clearly a little bit of a slowdown in number of homes sold, does that have a broader impact? >> this is kind of interesting and i don't mean to get tedious
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here but existing homes, because they already exist, they don't -- if you sell a used car or a used home that does not add to gdp. people buy furniture, they have to pay for movers, et cetera, et cetera. really new homes that add to gdp and there even though we have a really low inventory the sales are up significantly from last year and as a result we'll have a boom in the first quarter. gdp with housing will be up 7 or 8% at an annualized rate. stuart: brian, thanks for joining us. that is a rocket ship economy. thanks so much, brian, good stuff indeed. the market now down 175 points on the dow industrials and we have the nasdaq also on the downside. all right, folks, now this. we seem to be at war with ourselves. i think america has a bad case of self-destruction. look at what is going to happen today. president biden will pledge america to cutting carbon
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emissions in half by 2030. hopes china will promise to do something about its own massive carbon problem. good luck with that. they're laughing at us. we're going to wreck our economy to save the planet. china won't. china has no intention of ever interfering with its industrial dominance. they plan a big expansion of coal-fired power plants. we impoised massive taxes, destroy well-paid jobs and go trillions into debt in pursuit of the green new deal. that is self-destruction. the chinese can't believe their luck. meanwhile hopes that somehow america would unify around our new president, well they're disappearing fast. the democrats are encouraging our racial divide and it is very destructive. our schools are forcing race-based education down our throats. white kids must stand up and apologize for the color of their
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skin. white police officers are targets. the president and vice president tell us our society is riddled d with structural racism. it is divisive around destructive. the border, will someone please point out that this administration is responsible for the destruction of young lives. how many times do we have to see the cartels drop toddlers over the wall or children abandoned in the desert. the president won't go to see it. the vice president won't go to see it. the great humanitarian will however do a virtual meeting with the leader of guatemala next week. we're not allowed to talk about it. social media censors america. incredibly lebron james tweet as picture of the police officer who shot the teenage girl in ohio with the caption, you're next. if that is not destructiontive to the rule of law and common decency i don't know what is but twitter did not ban lebron james, oh, no. enough. you're not going to get the truth from the mainstream media
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from the left, or this administration, but it is there for all of us to see. we are in self-destruct mode and it stinks. okay, sorry for coming on a little strong, let's see in michael good win agrees with me. he is a pulitzer prize-winning writer at "new york post." we'll see if he agrees with me. self-destructive mode and it stinks. >> i can't disagree. i think you're economical not going with full distance underway. the capitulation to iran is a very frightening event. the biden administration seems determined to squander whatever gains were made in the last four years. there were significant gains. i would however take the other side to one extent, historically america has been in hell before. if you think of the civil war, even world war ii how much it
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seemed many times as if either japan or germany would defeat the united states and we would all be subjected to totalitarian powers all throughout the west. we turned that around. we healed from the civil war. we overcame fascism and communism. so i think it is too early to write america off. without denying that these problems are serious. they are perhaps in some ways of a different kind because these are so internally divisive and so i would say not since the 1960s have we seen anything approaches this, and my fear joe biden is just getting started. this is a faster, more dramatic out of the gate than i would have expected even though i didn't have much hope for him, this is far worse than i anticipated far sooner. stuart: i will leave that subject right there, michael. but i want to turn to another subject, and that is the future
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of new york city. you have a op-ed in the "new york post" that says, look, andrew yang has momentum. andrew yang is the guy, very interesting candidate, very interesting indeed. i like the guy and he has got these ideas for a universal basic income. that seems to be coming on strong in cities all across the country. what do you say about that? >> yes. i think the good news, if there is any on that front he tempered down what he has been talking about. talking about $2,000 a month, $2000 a year for 500,000 people, adding up to a billion dollars a year. he has not said where he would get the money for that. $2,000 will not make much of a difference in peoples lives over the course of a year, but nonetheless, for me, stuart, the key issues are crime, education and the overall taxing and spending of the government and own each of those areas andrew
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yang said something i find encouraging. for example, he came out against increased tax hikes. he has talkedthe necessity of bringing necessity of bringing commuters back to the city. he talked about crime in ways that are more constructive than many of the other candidates. not to deny he comes from a very liberal perspective on a lot of these things, a progressive perspective. so i think what i'm waiting to hear from him and others is to flesh out their ideas because right now they're more slogans than receipt thoughtful approaches. stuart: i want to know how you get people to come back to new york city with this racial divide and antagonism all over the place. michael, thanks for joining us this morning. >> my pleasure. stuart: look at some movers on the market, i suspect there are big movers. we have the dow down 118. what is this, credit suisse? susan: credit suisse taking a five 1/2 billion dollar hit from
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the blowup of the hedge fund archegos. archegos was running up a 20 billion-dollar position on credit suisse's books. because of the large multibillion dollar hit, credit suisse has to raise 2 billion-dollar from investments, shore up balance sheets and cut the hedge fund unit responsible for the archegos losses. nikola rallying on a new deal to provide a hydrogen fuel pack for traveling centers. fisker with downgrades from goldman sachs. both only worth $10 in their view. there is a lot of electric car competition upcoming. finally your beloved stock, the other beloved stock which is blackstone, look at that, i know you've been checking prices on this, but they're unloading
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assets at the right time. they're getting pretty good numbers. stuart: cashing out. susan: making deals still, buying extended stay for about $6 billion. i want to note this for the broader markets, they extended the losses after the disappointment in existing home sales. only six million. second month in a row you have below par of existing home sales because of the exciting home prices. stuart: it is temporary. susan: temporary dip. stuart: i own a thin sliver of blackstone. secretary of state antony blinken says we need to catch up with china for heavens sake. >> hard to imagine the united states will lead the long term competition with china if we don't lead the new energy revolution. right now we're falling behind. stuart: tortuous logic. mike pompeo will sound off on that. he is just ahead.
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lebron james facing backlash, i hope, over this tweet about the police officer involved in the ohio teen shooting. why hasn't twitter banned him? the caption on that was, he's next. parler coming back to apple's app store. interim chief mark meckler here for the first interview since the announcement. what changes did he make to get back on apple? i will ask him. ♪.
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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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>> i'm as disappointed as anybody, the superintendent, the elected board of education, which is a separate body sent out a robocall sunday night after promising parents they would be back this week abruptly changed course. we may pursue a lawsuit or legal mechanics to get us moving in that direction. stuart: that was the mayor of jersey city steven fulop not happy that school leaders would stay remote until september. maybe the school leaders watched this show, they have now reversed course. students in pre-k through third grade next week to the classroom. the rest will go back to the classroom next month. i call that a win. apple may be working on upgrades. to what? susan: their i-message. i message you because we both have iphones, that is the feature we're talking about. stu can follow along. new features here include maybe we can get more social interaction, i can share more
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videos and photos with you, this pits apple head-to-head with facebook messenger, whatsapp. apple update, ios 15 next week. that will give viewers to reject more apps like facebook tracking you on internet. facebook is not happy. that they will be vocal. that will have impact on their sales. they may not like apple's new enhanced features on i message, it puts them head-to-head on social interactions. i-message goes head-to-head with messenger and whatsapp. tim cook, mark zuckerberg are not close friend. some would say they're foes. you heard from mark zuckerberg on the earnings call, apple is definite competitor to facebook. stuart: they're step up the fight between facebook and apple? actually stepping it up. susan: i would say taking advantage of the market. stuart: got it. apple reinstated parler or is
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about to reinstate it on its app store. parler's interim ceo is mark meckler. he is with us for his first interview since the news broke that they may be going back on apple. mark, i want to question you about this, to get back on apple, i believe you agreed to more aggressive patrolling of user's posts. you will have more content moderation. strikes me that is a form of censorship. you're nodding your head. is it? >> no. i would push back very strongly against that. we're actually not doing content moderation at all, stuart. we haven't changed our policies at parler in a sense we're not moderating content. we're viewpoint neutral. what allowed us to get back on the app store apple requested that the version of the app that is posted on the app store that will be posted on the app store here in the next week or so, will have a particular kind of content censorship required by
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apple. what i mean by that, it will censor content aimed at people as inherrent characteristics ex-im mutable characteristics, race, gender, sexual orientation, apple doesn't think that people should see the content. we disagree vehemently. we work with them to, if they see the content, you can go to parler.com to see that content. if people want to see that stuff it is available on the android app. in order to get back on the app store apple required that particular version of censorship on that particular app. we have not change the our policies at all. stuart: are you interested getting back on amazon or google? >> amazon was our web host. we don't need them. we're off the big tech platform. google not really interested in google. we had outreach google. they are sensors in the extreme. they require all sorts of censorship. for any android device, they can
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do side loading, download directly from the website. we don't need to worry about google and the play store. stuart: if lebron james posted that targeting after police officer in ohio, on parler, would you have taken it down, or would you ban him? >> no. that wouldn't be taken down. i mean unless it is considered illegal. if it is actually incitement to violence and considered illegal, obviously we would have lawyers look at that, anything that is illegal is not welcome on parler. if it is protected by the first amendment it is welcome on parler but we draw the line at illegal acts. stuart: mark, good explanation. we appreciate you being here. we love to see someone who does not censor conservatives as a knee-jerk reaction. we love parler. >> thanks, stuart. stuart: get back to lebron james. he is now underfire for deleted tweet that targeted the officer in the ohio shooting. ash, come on please, it's a huge story.
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why don't you take us through it this time. ashley: the l.a. lakers start reacting to the shooting of a 16 girl of columbus, ohio, who appeared to attack a girl with a knife when the officer fatally shot her. james responded, share being an image of the officer involved wrote, your next with hashtag accountability, with a hourglass emoji, suggesting suggesting ths running out. senator tom cotton called it outrageous. james said he deleted it was being used to create more hate, have you answer the question, what did he expect when he posted that? it is kind of strange. stuart: what is this about about black lives matter activists saying police officers should not be allowed to break up knife fights? ashley: this makes absolutely no
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sense. her name br "e! news" some, casual knife fights are the norm around not calls for police interference at all. saying quote, teenagers have been having fights, including fights involving knives for eons. we don't need police to show up to the scene and using a weapon against one of the teenagers. newsom defends rioting and looting. in the case of the knife fight, the officer's responsibility was not to the person threatening the knife but the one yielding it. one who calls the police to the scene to a knife fight is one that needs help. i have no understanding. stuart: nor me. i will say nothing else about it. ashley: leave it there. stuart: good lord. lawmakers from both sides of the aisle pushing administration to include the permanent expansion much the child tax credit. how much will that cost?
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how much will you have to shell out? report on that coming up. senator marsha blackburn will be with us. she says apple is awfully cozy with china. i tell you why. they can't afford to be kicked out of china. they have a new business with them. they rely on the money. i will talk with the senator after this. ♪.
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with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;) ♪ stuart: why not a little elvis presley at 10:29:00 eastern time as you took at tampa early in the morning. instead of beach shots we give you blue skies and tampa. why not? that is florida. the postal service monitoring reporting social media posts. what is going on? susan: apparently law enforcement arm of the u.s. postal service has been engaged in a previously unknown surveillance effort, known as intervetco vert operations program. it combs through multiple inflammatory posts, report it
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back to the government. locations and times for protests distributed across multiple platforms. think of parler, facebook, and other outlets that goes back to the government. yahoo! news is reporting this but wouldn't you have skepticism when you have the postal service cutting back on headcount, they're losing billions of dollars each year. do they have this type of money for this type of surveillance which is very complicated and why? stuart: apparently they do because they're doing it. move on. there is a new push on capitol hill by lawmakers on both sides of the aisle to make the 3,000-dollar child tax credit permanent. hillary vaughn is on capitol hill. does it stand any chance of being made permanent. reporter: might stuart. it's a priority for the president. he told house lawmakers on tuesday he wants the temporary increase that beefs up the child tax credit to become permanent. at a meeting with the congressional hispanic caucus congresswoman theresa fernandez
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wanted to make it permanent. was not sure it would make it through the senate. he may have more support than he thinks, there is growing republican support for expanding the child tax credit permanently, how much, how to pay it out is where there is division. senators rubio and lee want the child tax credit to be bigger but don't think it should be paid out monthly like an allowance where families get checks up front from the irs. that will help temporarily in july throughout the year as part of the relief act where congress passed. there is the price tag to consider, how to pay for that. senator romney has his own plan to dole out increased monthly payments as part of a child tax credit expansion and would cut back other programs and raise taxes to cover the rest. right now under the temporary expansion, families could get up to 3600 bucks per child this year. that alone could cost $100 billion. making that permanent could run up a tab in the trillions but
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other republicans are worried that these checks being sent out on a monthly basis are ripe for fraud. i talked to congressman kevin brady the top republican on the house ways and means committee this morning. he told me unemployment benefits are the number one issue that they see with fraud happening. he have sees these up front checks as another avenue for people to exploit it, to get the benefit when they shouldn't. stuart? stuart: hillary vaughn on capitol hill. stuart thank you, hillary. our next person was in apple app storm competition. senator marsha blackburn is with us this morning. you say apple is cozying up to china. i agree but they have got to do that, they need the china business. they can't afford not to cozy up to china, right? >> we learned apple has two different standards for doing business. there is one standard that they have in the united states.
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there is a different standard they have when they are in china. you know what we have seen apple do is oppose conservative constitutional provisions, things that are like states setting the time, place, manner of elections, and conservative principles like voter i.d. but yet they refuse to stand up to the communist chinese and the human rights abuses or the genocide they're carrying out there in shinzhen province. stuart: what are you going to do about it? >> one of the things we'll continue to do about it is keep pressure on u.s. companies who relish having freedom, free people, free markets here in the united states but then they speak out against good, solid, constitutional policies and governance and then what do they do? then we're calling them out when they manufacture their products
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in china, when they are cozying up if you will to the communist chinese so they get a lower cost on their products. then also they get access to that china marketplace. i mean, stuart, we've seen the same thing with the nba and how they have worked with china tv and don't want to talk about what they have revealed. we have also seen what has happened with other companies that are here in the u.s. where there is merchandise that is manufactured using slave labor from the uyghurs which is the muslim minority population in china and they are slave labor. they are housed in concentration camps. the communist chinese are trying to eliminate this ethnic minority. stuart: i don't hear much these days about china and its, what happened with the origins of
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covid-19. i don't see this administration pinning any kind of responsibility or accountability on china for that, do you? >> well they are trying to run away from that. indeed i had an amendment i wanted to offer to legislation. we're going to have before us that would call for an investigatory committee actually dig into the origins of covid-19. how are we going to be able to fight against other coronaviruses? how are we going to be able to prepare ourselves for a future epidemic or another pandemic? we got a pandemic about once every 10 years or so how are we going to be able to do that if we do not know the origins of this? stuart: fair point. come back soon, senator. we want to hear more. >> will do. stuart: hear your views on how to deal with china. thank you very much indeed,
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marsha blackburn, senator, thank you. the numbers are in and we'll tell you which "jeopardy" guest hose scored the most viewers. the answer might surprise you. i will show you snake bite beer openers, they're fully made in america. they're selling well. i will tell you how they open beer cans that has them selling a lot of snake bite beer openers. the ceo of snake bite america is here. ♪. [announcer] durán catches leonard with a big left.
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♪♪ you can spend your life in boxing or any other business, but one day, you're gonna take a hit you didn't see coming. and it won't matter what hit you. what matters is you're down. and there's nothing down there with you but the choice that will define you. do you stay down? or. do you find, somewhere deep inside of you, the resilience to get up. ♪♪ [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ ♪♪ ♪♪ we started with computers.
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we didn't stop at computers. we didn't stop at storage or cloud. we kept going. working with our customers to enable the kind of technology that can guide an astronaut back to safety. and help make a hospital come to you, instead of you going to it. so when it comes to your business, you know we'll stop at nothing. i knew about the tremors.
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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 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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amgen, goldman sachs, they're dow stocks, they're all down, they account for half of today's loss. which ain't that big, a third of 1% for the dow on the downside. how about "jeopardy"? guest host ratings are in. who had the slyest numbers. susan: tell me if this surprises you. green bay quarterback aaron rodgers boosting "jeopardy" ratings. he took over from "dr. oz." they have been rotating guest hosts. aaron rodgers has not been shy saying he wants the job. "jeopardy" tapes only 46 days. he spends 186 days in green bay being an mvp quarterback. he has the time but can they pay him enough. he makes $34 million a year. stuart: "jeopardy" is about entertainment. aaron rodgers is a fame must
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guy. sports guy. huge number of followers. susan: smart by the way. stuart: he is a smart guy. susan: are you surprised alex trebek was only making 10 million. stuart: yes i am? susan: i thought he would make more than that? stuart: made a lot more money on top of that in another way through "jeopardy" but that is not very much for a show of that popularity with those kind of ratings and repeats. susan: when aaron rodgers was hosting they topped wheel of father tune as well. stuart: i like we'll "wheel of fortune." can't get "jeopardy." why are we showing walmart, they are sidelining robots. susan: the shift to curbside pickup and covid trends. there is no need for automated pickup towers where robots were used. the pickup towers were in 1500 walmart starts. 1300 were removed. 1300 hibernated last year. walmart will stop using
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inventory tracking robots that go across the aisles to make sure the aisles are stacked and stocked, humans get the same results. i found that interesting, because robots, you don't have to pay them viejocation or benefits or 15-dollar minimum wages but humans can do just as well. stuart: just as well. gramatic correction. our next guest makes bottle, can openers, 100% made in america. he is the ceo of snake bite. i love that name. he is kevin kelly. he joins us now. welcome to the show. >> thank you. stuart: i like the outfit by the way. that is real good. 100% made in america. i got that. you got to tell us what is so special about your snake bite can opener? what is this about two prongs. >> sure inspired by my grandfather's church key back in the day. you had to open a beer on both sides of the can. we used to just go, we had church keys in the whole and put
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two holes in the bacall it snake bite. after inspired night in my friend's garage, we grinded a piece of sheet metal to take our own. we designed it, patented it done to kick-start it. you open the beer. this isn't beer. i can't do that. and then pours smoothly into a glass without foam or head. stuart: ah. >> yeah. stuart: that's cool. >> we also developed a bartender tool called the mamba as well with a lot more functionality on the whole thing. stuart: wait a second. you could make this stuff much more cheaply if you made it overseas. i mean you know you could. so why do you keep on making it in america? >> sure. a lot of it comes down to providing jobs for friends and people that we've been working with for the past seven years. is also having quality control.
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if you're making something overseas there is a lot of back and forth, it could take months sometimes. easier to go to the machine shop to check out what they're doing, kind of fix it from there. stuart: good stuff. >> yeah. stuart: i might buy one. i might take one. want to send me one for free. >> i will send you one. put fox business on it. stuart: i like that. congratulations sir. i know you sell tens of thousands of these snake bite openers. 100% made in america. >> yes. stuart: congratulations. come see us again soon. >> i will for sure. i appreciate you having me on. stuart: kevin kelly, thanks for being here. did you hear this? a twitter employee, not just any old employee, the guy is a senior at twitter, he is telling his followers to block conservatives like tomi lahren. so what does tomi lahren think of that? she is on the show later. we'll tell you all about what twitter is up to. secretary of state antony blinken says we, we americans, we need to catch up to china in
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confronting climate change. good lord, thank goodness mike pompeo is here to respond. he is next. ♪. wealth is your first big investment. worth is a partner to help share the load. wealth is saving a little extra. worth is knowing it's never too late to start - or too early. ♪ ♪ wealth helps you retire. worth is knowing why. ♪ ♪
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♪. stuart: earlier in the show we showed you west virginia. it was snowing there. i do believe it is snowing in denver. we're showing you that now. we're playing the money, no, we're playing the song, money, money, money, because president biden is now laying out his clean energy plan. this is all part of the virtual climate summit today. and of course there is a price tag to the green energy climate summit, et cetera, et cetera, et cetera. edward lawrence is with us. he has the price tag, what is it? reporter: could cost us a trillion dollars in the short term and climbing like the federal debt. president joe biden planning to cut emissions in half by 2030. to zero by 2050. president biden spending money
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that will cost jobs of coal workers and spending more money to retrain the workers. >> i see workers capping hundreds of thousands of oil and gas wells that need to be cleaned up and abandoned coal mines and need to be reclaimed, putting a stop to methane leaks an protecting the health of our communities. i see auto workers building the next generation of electric vehicles. reporter: in the american jobs plan the president wants to spend $16 billion to cap oil and gas wells not currently being used. he has his eye on shifting to renewable energies. $100 billion in the plan in grants, tax incentives for companies to add solar panels to buildings, invest in research and development, things like that. almost $800 billion in the american jobs goes towards research, electric vehicles, clean energy tax credits, housing sustainability efforts, that includes 174 billion in tax and grants to build ev charging
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stations as well as paying companies to change fleets to all electric. green lobby groups say it can be done. >> what biden is doing with his american jobs plan is trying to insure that the united states is leading. we don't want to take the back seat to china. we don't want to take the back seat to anybody. we need to be the leader in building these clean energy technologies, innovating and creating jobs. reporter: critics say we need china on board as one of the world's largest polluters. they have a plan to reduce power plant emissions. market watchers say it is too loose in the terms and short term won't make any difference if u.s. cuts our emissions and they don't cut theirs. stuart: that lady said taking a back seat to china? reporter: that is what she said. like the secretary of state said it on monday. stuart: we're about to cover that. secretary of state antony blinken warns the u.s. is
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falling line china in a leader confronting climate change. watch this. >> it is difficult to the imagine the united states winning the long-term strategic competition with china if we cannot lead the renewable energy revolution. right now we're falling behind. if we don't catch up, america will miss the chance to shape the world's climate future. stuart: i don't get it. let's see if former secretary of state mike pompeo gets it. mr. secretary, i do not understand what our current secretary of state just said. can you explain it? >> stuart, i can't, i'm sorry i will not be a helpful translator there for you. it makes no sense to talk about a competition with china being centered on climate change. look the chinese communist party will show up, make promises, break them. what they did with the paris climate accords this is a fake. we'll spend a whole lot of money, we may or may not have any impact on our co2 emissions but make no mistake about it,
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chinese communist party will be the single biggest beneficiary of effort of to take over huge swaths of american economy. it is an enormous mistake. the competition with china not to make the leader in clean energy. that we understand technology issues, strong military, all those things xi xinping says he wants to dominate. stuart: mr. secretary, i think we're being laughed at. maybe that sounds extreme but i think china is sitting back, making promises which they will not keep and laughing at us because we are really hurting our own economy in the name of saving the planet and they're going to do nothing. i don't mean to go on ad nauseum about this i have a bee in my bonnet. i think they're laughing at us. >> i do too, stuart. i agree with you. they're absolutely laughing. they believe they will drive a truck through this they will think they grow their economy. they will grow power throughout the world. they think we are fools going down this path the redirecting
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economy out of the one of the central pillars of growth, our energy industry. i traveled the world. people want american energy. we will shut that down. it is emom mustily geostrategic for the united states to have a strong fossil fuel energy. this administration wants to give that up, handing the keys of international trade to the chinese communist party. it is crazy. stuart: i want to get this in. i think it is important. president biden is preparing to declare atrocities against armenians, conducted by turks at the turn of the last century, will call it genocide. that will be extremely controversial. the turks will not like this, right? >> stuart, they won't like it. i'm not sure why he has chosen that issue for this moment. there is a long history around this issue as well. we have on bipartisan basis treaded pretty carefully about this. look, we know what happened. we know the horrors that took place there. it is not clear to me with 150,000 russian soldiers on the border of ukraine, negotiations
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in iran we're about to hand the iranians an enormous pathway to a nuclear weapon, and now these issues with china, not clear to me why they have chosen this issue for this day. stuart: i'm sorry, such a short time available for this interview. that was hard-hitting we appreciate it. >> thank you, stuart. >> thank you, mr. secretary. still ahead, todd pyro, senator john barrasso, dan heninger, tomi lahren. plus the house is ready to pass d.c. statehood. it is empty virtue signaling, pandering. that is my opinion. that is the theme of my take which is next.
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>> reporter: we are seeing the effect of the vaccine across the country, unity means figuring out how to talk to people. new york, michigan not wide open. >> covid 19 goes away, you can see the hottest economy of our life. in the win/win so you pay the piper. >> we had an incredible run from march 20 fourth all the way up to tuesday and that
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shows how strong the market has been and every pull back is a chance to put money to work. >> sales are up significantly and we will have a boom in the first quarter, 7 or 8%. >> that is interesting music, kind of jarring, when you get to the lyrics it is great, it is 11:0 one eastern time. look at the s&p a fraction, 32 points. it is empty virtues signaling,
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pandering, and democrats strategy, statehood for puerto rico and packing the supreme court, empty virtue signaling, the district of columbia is 1-eighteenth the size of rhode island which is america's smallest state and thoroughly democrat, to make it estate requires a constitutional change. it is not going to happen and democrats know it so why try. they want to appeal to black voters in seen doing something without actually doing anything. thing with puerto rico, 3 million people of hispanic descent, it required a special law to allow it to go through a form of bankruptcy and did receive a massive bailout, democrats want to make it estate. and identity-based strategy designed to great two more democrats in the senate. it won't happen, it is another empty gesture, packing the supreme court, this is a case
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of changing rules to get your own way. it is astonishing the chair of the house judiciary committee jerrold nadler would think of such a profound change to the highest court in the land, pandering to the abortion on demand crowd, to the far left which is apoplectic at the thought of any concern on the supreme court. this is convenient for the socialist race-based democrats. dc and puerto rico will not become states and even in the party they can't get solid support to change the supreme court but they proposed these changes to look good. they will say we tried and their failure absolve them of doing anything. the third hour of "varney and company" is about to begin. let's start with this. lebron james under fire for his
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now deleted tweet targeting a police officer who shot and killed a teenager armed with a knife tweeting you are next with that picture, it was not blacked out, that picture on his tweet. why is lebron band? >> at its core despite the noise you've been hearing over the course of the last 12 or 16 hours at its core this is lebron james d o xing a police officer who saved a little girl from being stabbed. what bad outcome, saying you are next? unclear through the court system, what derek chauvin encountered or something worse. something twitter had to look into and they are dutifully looking into it right now, i have a bridge to sell you as well. why isn't twitter looking at that, twitter didn't been him, roger veritas and donald trump.
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>> so divisive. everything is about race in america today. you can't have a civilized discussion because if you disagree with me you will call me a racist and at that point the discussion ends. you can't have a discussion on social media, you will be banned but not lebron james. we can to discuss the problems of the day in america these days. >> there is racism and when it is it needs to be called out but if you call everything racism nothing is racism, it gets lost in the ether and we can't have that. that is not going to solve the problem, everything is called racist. >> roads and bridges are racist, aoc says the climate crisis is because of racism, where are we going here? where the hell are we going? >> you can say the history of these activities were laced
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with things that kept black people down and we need to do things in the future to make that not the case but the word racism is a specific definition and that connotes bad things we don't want in our society so we need to label them appropriately. stuart: i will try to calm down, let's call him down by asking you about the 6-week parental leave you came back from. >> we spoke in the hallways, enjoy every single moment, a lot of these moments, diaper changing is not something you aspire to as a little kid, but it is all fun if you look for the fun and it all goes away so quickly you miss those diaper
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changes and midnight wake ups so it was an amazing experience. thank you to fox for allowing me and every employee to do that. stuart: did you get up in the middle of the night? >> my job is getting up in the middle of the night. when she woke up at 2:00 i got to sleep in. stuart: a firstborn? i think i said to you you will figure out love at first sight. is that true? >> 100%. >> to love that little child. >> thank you for having me talk about it to put a smile on people face after the difficulty. stuart: i got hot under the collar and you combed me down. check those markets, the dow has come back from a better than 100 point loss, market guy of the days david balmson. i want to talk about biden's
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tax plan, will it hurt small businesses? tell me more? >> the caveat i want to offer is i'm not sure he can get this through so what they proposed we have to look at differently than what the final legislation will be and that is what the 50/50 senate lead comes in because one of the things is taking back the 20% deduction on net income owners of llc corporations, partners, sole proprietorships, these are pass-through entities, not corporations, but a different type of structure of a business, a different type of enterprise. because there's a corporate tax pad in 2017, to offer the same deal without it being a penalty for small business, they offer a 20% deduction on this income.
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this is $1 trillion a year, to personal tax returns through these businesses, president biden suggesting get rid of that, that is a far more expensive thing to our economy than the corporate tax rate which i don't want that to happen but it is clear they will not get to 28%, 5 democrat senators hold the line at 25 and when you factor in greater deductibility i think a lot of companies won't have their taxes go up at all, the big tax size is more bark than bite but small businesses is what i'm focused on. stuart: that brought something important to our attention and we appreciate that. normally when you are on this program you recommend strong
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dividend plays where the dividend is strong and growing, brought two today, gilead sciences, 4%, ibm 5%. >> with gilead, they were at the forefront of the treatment that was a huge part, along the way we owned the stock before covid when they never heard of room to suffer. and so many purchases at different prices. gilead has $25 billion to affect buying other r&d, small pharma, they are in great condition to grow in
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organically, $6 billion a year on $25 billion of revenue. it is an underappreciated stock that has already shown a propensity for growing a well protected dividend. >> i can't cover ibm but suffice it to say it does pay better than 5% dividend at this point. thanks for being with us. looking at the dow down 50, susan is looking at zoom. >> a 10 year treasury yield, high-growth, high-tech plays and zoom, up above 4% a few minutes ago. a stock we rarely talk about, look at robert taft, staffing and recruiting company is flying after better sales and profits in the first quarter of
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this year almost doubling over the past year and supposedly, online ordering making up 50% of their orders, quesadillas dragging sales in the first 3 months of this year and target price hikes this morning as well calling in 1850 stock which could get you another 15% from here and at&t adding 2.7 million new hbo max subscribers, 64 million around the world and there's been a lot of popularity driven by zack snyder's justice league and godzilla versus kong. stuart: we have a huge show still to come. and editorial, twitter employee telling his thousands of followers stop tweeting tomi lahren and other conservatives. congresswoman maxine waters getting more confrontational in minnesota and dan heninger.
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maxine waters problem, pushing against the green new deal, senator john barrasso called it the green new disaster. we will be back. ♪♪ i feel the earth move under my feet ♪♪ i feel the sky coming down ♪♪ tumbling down ♪♪ living with metastatic breast cancer means being relentless. because every day matters. and having more of them is possible with verzenio.
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[ sigh ] not gonna happen. that's it. i'm calling kohler about their walk-in bath. my name is ken. how may i help you? hi, i'm calling about kohler's walk-in bath. excellent! happy to help. huh? hold one moment please... [ finger snaps ] hmm. ♪ ♪ the kohler walk-in bath features an extra-wide opening and a low step-in at three inches, which is 25 to 60% lower than some leading competitors. the bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders.
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kohler is an expert in bathing, so you can count on a deep soaking experience. are you seeing this? the kohler walk-in bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassage. everything is installed in as little as a day by a kohler-certified installer. and it's made by kohler- america's leading plumbing brand. we need this bath. yes. yes you do. a kohler walk-in bath provides independence with peace of mind. call... for fifteen hundred dollars off your kohler walk-in bath. visit kohlerwalkinbath.com for more info. stuart: that is the white house, the magic bus with the who is the music we are playing, democrats asking for $25 billion for a new infrastructure project. ashley will ask what the project is.
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ashley: who gave you a clue? electric school buses is what we are talking about, democrat lawmakers want to invest $25 billion to convert the country's fleet of gasoline and diesel powered school buses to electric vehicles, legislations his current school buses not only bad for the environment but can contribute to respiratory illnesses. and and with 40% of it voted to replacing school buses that serve nonwhite poor communities. 25 billion here, 25 billion there. president biden pitching his green agenda on the global stage with his virtual climate summit but back home call miners were read about their
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future. workers are skeptical about the green plan, is that right? >> they are. the promise is millions of green energy jobs and a better climate but workers here say we artie have a job we like and have been doing it for decades. chris hamilton is with west virginia coal association. what do you say about this green energy push. >> everyone bracing for the worse and very apprehensive. a lot of people, thousands of people working here, supporting their families. we expect the worst from this administration. >> reporter: i assume you mean a lot of jobs lost. the problem is new jobs. do you see those jobs in green energy on the horizon? >> not in west virginia. here we are, the sun doesn't always shine, the wind doesn't always blow and we are strong
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fossil energy coal-based electric system statewide and there are thousands of miners that work your extract -- >> >> the coal is used in mind to generate electricity as we make the move to electric cars and buses and the like, we need coal to do that. >> call the nuclear provides the baseload generation, primarily coal-fired electricity and we don't necessarily have a big problem with renewables but for being forced upon us here this is a forced conversion of our basic electricity system. >> reporter: he would rather see it naturally, senator joe manchin will be a key vote on any for stricter bill supports innovation in the coal industry, not elimination of jobs. stuart: grady trimble where it
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is still snowing in west virginia. now this. they are pushing a green new deal, he generate john barrasso called of the green new disaster, i understand your position entirely. i want to know how you are going to stop this new green new deal. >> for people across the country who drive a car or heat their homes or pay taxes they will pay a lot more under the green new disaster, democrats have been, president biden is now kowtowing to the most radical parts of his party, that is why our college the green new disaster. it is a big green bomb on our economy, the democrats are in 100 yard dash toward socialism, and on our freedoms. we can actually protect our
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environment without punishing the economy but to force families to pay $3,800 more in energy costs a year and cost our economy over 1 million jobs is wrong for our country. stuart: the president wants this infrastructure program, republicans are looking at $650 billion. how will you get him to come down to $650 billion, can you do that? >> the president needs to be honest, because he call something infrastructure doesn't mean it is infrastructure. republicans are focusing on infrastructure, roads, bridges, less than 6% of the money in biden's big slush funds to his liberal causes. you just did a piece on electric school buses, president biden has more money in his plan for electric vehicles than he has for roads, bridges, ports, airports and
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waterways combined. he needs to be honest with the american people. let's focus on what the american people think is infrastructure, not the way president biden wants to redefine it. stuart: do you think the democrat far left strategy is throw everything out as radical as it comes with a dc statehood, puerto rican statehood, pack the supreme court, throw it all out just to see what sticks. is that it? >> that is part of it. the other part is, they believe joe biden is not going to be a one term president but have to president, they. the house and the senate in 2 years based on these radical positions they are taking. they are trying to cram as much as they can as fast as they can regardless of its impact on our freedoms, jobs, economy and the future of our nation.
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stuart: would you disagree with the following statement? the real president of the united states is bernie sanders and the real vice president is aoc. >> they are really driving the bus over the liberal far left cliff and their positions are radical, they are dangerous and for most americans and everybody in my home state of wyoming they are scary. stuart: republican from wyoming, thanks for joining us. from wyoming i will take you to midtown manhattan, businesses picking up a little bit, more than a year into the pandemic. up new plan to bring back the crowds but it comes with a gigantic price tag. we've got the story in a moment. first lebron james deletes a tweet targeting a police officer who shot and killed a teenager.
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it is intimidation, incitement, lebron james is not been banned from twitter or face any consequences. dan heninger joins me on that to respond 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? or.
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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 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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>> do that now. stuart: that was a 911 call made moments before police shot and killed a ohio teenager. the teenager charging a young woman with a knife. lebron james shared this tweet which has been deleted showing a picture of the cop involved in the shooting with the word your next. dan heninger is with us, the latest op-ed, rising violence in the country and officials need to start pushing back. >> people do need to be pushing back.
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the general public out there is astonished by the degree of violence taking place, if one pays attention to the news it is overwhelming and different kinds of violence, last year's political protests, some of it peaceful but a lot of extraordinarily violent. burning and so forth. crime in america, something like 170 murders, 100 in new york, 97 in los angeles and then we had a sequence of individual, random mass shooters and killings and we seem to be engulfed in violence and when i argue in my column across the board we have he raced the boundary, the limits on behavior. there used to be norms. a little voice go off before should i be doing this? i was especially struck in the
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area of political violence that last summer's democratic national convention despite all the looting and burning the took place in the protests, not a single person spoke up at the democratic convention against it. that is an important event, it sends a signal into the country that the old limits and boundaries have been erased and that puts us in a dangerous place. stuart: we have a survey that shows 26% of people are satisfied the safety from harassment, you have 26% have stopped riding trains all to gather. how is the nation's biggest city supposed to give back of people are afraid of the kind of violence they are talking about. >> there are a lot of dangerous
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people most of them mentally ill on subway cards and people are reluctant to ride them. it does relate to the events of last summer. we had 21 days of straight political protests in new york city. there was a lot of violence, a lot of looting of stores all over new york city. the police were severely criticized for their handling of those crowds by progressive politicians in new york. as a result the police have pulled back and as a result crime is rising, violent crime in the worst neighborhoods and crime on subways pushed onto the tracks. you have a situation that is untenable and obviously the police function has something to do with that. progressives from the white house on down do not seem able to come to grips with the
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reality of having an effective police function and i don't think quite frankly they know exactly what they want, they keep talking about systemic racism but they don't provide anything substantive or useful beyond that assertion. stuart: what do they really want? you make far much sense. and another related article. $30 million ad campaign to bring tourists back. mayor bill deblasio says it will be the most important marketing blitz in the city's history, maybe tourists would come back. that is another story. nearly 1.2 million people boarded commercial jetliners, 1.2 million on the same day last year it was 98,000.
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is that boosting airline stocks today? ashley: it is and there is no doubt more people are booking flights. you have seen that million passenger number beaten on a daily basis. southwest airlines is the first major us airline to report a profit since the pandemic began. southwest saw net income boosted to $160 million in the first quarter but without federal money the airline would have lost $1 billion, start go up to present today by contrast american airlines reported a loss in the first quarter 12:$45.25 billion but moving slightly higher even though it was the fifth consecutive quarterly loss, and expect corporate travel to pick up by the summer as more international routes are opened up and major airlines say demand continuing to improve
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week by week and stocks move slightly higher. stuart: what do you think of that? corporate travel will pick up in the summer. business travel, executive travel, basically nowhere a year ago, they come back to the normality of 2019. >> companies have gotten used to these videoconferences, zoom or whatever. there will be some reluctance, the international routes, many of them are still shutdown, and the state department advising people to go to, and -- stuart: why get on a plane, traveled to 6 hours wearing a mask, have a hassle at the ends with security and crowds when you can do a zoom meeting which is good but certainly a decent substitute.
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thanks very much, show me boeing, please. and and several of those planes registered in america, all the planes remain grounded. helping the dow a little bit. and a loss for the dow 39 points, up 43, the s&p of 2 and a half. cartels are using the tick-tock apps to recruit human smugglers targeting american teenagers and videos just like this. we've got that story for you. chicago considering a new plan to give $500 a month to thousands of poor people but how do they pay for it? more taxes of course, that is next.
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stuart: i was like it. shake it up. i like the cars as well. why shake it up? that is what a new robotic bartender is doing? i understand this bartender is called barney. tell me more. ashley: i wonder if varney refused barney the robot bartender, a swiss robotic company developed barney in part to reduce human contact during the covid pandemic. barney commits 16 different
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spirits, 8 different sodas and beer, customers place their orders via their mobile phones and a large video display tell them when their drink is ready. barney can make jokes, not sure if they are good but he can even disinfect his own robotic arm. the question is how much does each of these cost? about 130,$000 per barney. stuart: they wouldn't work in america. when you ask for jen or vodka or whatever it is. in europe you get precisely the same amount so the robot -- the optics. it works there, thank goodness it wouldn't work here. next case we are still talking robots. walmart phasing some of them out. you know the automated pickup towers used to pick up online
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orders at 1500 stores, walmart says customers prefer curbside pickup instead. walmart is getting rid of 300 of those robotic towers. the stock is still $140 a share. cities across the country, you may be interested to learn are considering those universal basic income programs. jeff flock in chicago is in favor of this kind of stuff so what is chicago's plan? >> the wild surprise that you are not in favor of it. sunday barney would be -- anyway. here is the deal, 5000 chicagoans being targeted $5,000 a month, free money, no strings attached. are you have to do, and income of less than 30,$000 a year and have to be a college student, as you point out this is all
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over the country. san francisco, jackson, mississippi, pittsburgh, multiple cities trying this and with everybody from elon musk to milton friedman to martin luther king jr. endorsing this concept what could be wrong with it? take a listen. >> chicago taxpayers already owe 40,$000 in debt, hasn't balanced the budget since 2003. >> but they can afford it. why is that? because chicago is getting $1.9 billion and coronavirus aid. then pay for this program, when you get the screed going.
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they did a study in the program. the disincentive to work, more people got jobs after they got the stipends. they spend the money not on alcohol and cigarettes and nonessentials when i track there spending and find people are healthier, happier and had less stress. they give you an extra $500. stuart: i completely reversed my opposition to free money from the government. it is a wonderful thing, clearly we can afford it and it is a fabulous idea, we should all get behind. >> reporter: what did you say was the lowest form of -- sarcasm, what is that? stuart: lowest form of with that i employ frequently. time is up, get out of here. thank you. it is all right.
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quick reminder, send your stuff, messages and videos to varney viewers@foxbusiness.com. we might read them on friday feedback. and editorial twitter employee telling people to stop following conservatives like tomi lahren. what does tomi lahren think about that? i will ask her next. ♪♪ i feel the bad moon rising ♪♪ i see trouble on the way ♪♪ i see lightning ♪♪ we started with computers. we didn't stop at computers. we didn't stop at storage or cloud. we kept going. working with our customers to enable the kind of technology
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stuart: interesting sound quality, not melody but the tune. let's get serious. twitter employee who calls himself and editorial lead is telling his followers to block conservatives and quit engaging with conservatives like tomi lahren. there she is. tomi lahren joins us now. what did you say to provoke
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this and what are you going to do about it? >> i was 20 on twitter because i said the verdict of the door floyd trial of the greatest people didn't loot and ride and we could move on as a country and hopefully our communities can heal and no more burning and living and vandalism. apparently liberals don't like that very much condemning looting and rioting is racist in their eyes and especially this twitter employee who was triggered by what i said but not only did he say to block me and encourages followers to block me which is fine but went on to say we need to abolish the police. if anyone is wondering where big tech plans politically, it is obvious there's a certain bias not only in conservatives but law enforcement, and they tell us they were conspiracy theorists for thinking so. a twitter employee who is unapologetically and unabashedly going on his
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platform and telling people not to engage with conservatives and abolish the police. stuart: the basketball player lebron james, he puts out a tweet with a photograph of a police officerin out of the officer's face, and he says you are next, making the man a target but he is not band. he took the post down, not twitter. he's allowed on twitter. i don't get this, this is crazy stuff. >> maxine waters, and donald trump, to peacefully and patriotically make your voices heard. it is good for these platforms to say guess what conservatives, we don't like you and working to shadow ban, and don't tell you were conspiracy there is an paranoid
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when it is obvious what is going on here. >> cartels using tick-tock to recruit american teenagers to smuggle migrants for cash, cartels offering $3,000 to smugglers and we have some teenagers using cars to distribute these youngsters. that was supposed to. it is on tick-tock. it is not band. what do we do about this kind of thing? >> we don't have much control over tick-tock. not only is it incredibly annoying but is a product of communist china. i'm not a fan of tick-tock anyway but this goes beyond tick-tock and social media platforms but biden's border crisis. i've been to the border several times and they are in action but in arizona couple weeks ago i was doing an interview and the sheriff told me he had store owners in a town in
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arizona right next to a border patrol station and this woman had her store broken into by these smugglers because the prosecutor failed to do anything about these smugglers that are american citizens, they stole from her and were on their way. this is biden's border crisis, not just illegal immigrants coming in but enticing these smugglers, criminal organizations, cartel members, they are loving biden's border crisis, it is a smuggler's paradise and i have seen it with my own eyes. stuart: social networks of all kinds have shut down free speech and free and open debate and i think that is one of the biggest problems facing america today. >> i wish they would be consistent. if they don't appreciate free speech then why don't we go after individuals as well, accused of incitement and
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collectivity and criminal organizations but conservatives, we are not so scary, you don't like to hear us talk big tech, far better than a lot of these organizations certainly, let's be consistent, have a community standard and the guidelines and have everybody follow them, if you want to start censoring and shadow banning let's be consistent across the board. stuart: no interruption is its name, it is available exclusively on fox nation and tomi lahren is the host, welcome back to the show, come again soon. i've got to get this in, the president of one of the most famous soccer clubs in the world says plans for the superleague are not dead despite the withdrawal of 6 important english teams he says, madrid says the plans for the superleague are not did. i bet ashley webster has something to say about that. i have time for this. what is the most popular color
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in the world, thursday trivia quiz. i haven't a clue to be honest. we will find out when we come back. ♪ ♪ . . these are the people who work on the front lines. they need a network that's built right. that's why we created verizon frontline. the advanced network and technology for first responders. built on america's most reliable network. built for real interoperability. and built for 5g. it's america's #1 network in public safety.
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five cents on thursday nights. same price as they were back in 1916 when nathan's opened. costco, food long dog for a dollar 50, plus a drink. sorry, i go with costco on this one. neil cavuto i will not ask you your preference but i will hand the show to you. neil: now i'm shocked you would be advocating for a low-priced retail establishment like costco, everyone thinks you're cheap but i know better. but that is good to hear. thank you, stuart. have a wonderful day, my friend. can't wait for your letter segment. we sent you a couple doozies, please, please air them. we have a couple developments on the housing front we want to let you know. everyone concerned about the corner of wall and broad. at the clip we're going it is impressive. march existing home sales did slide a little
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