maria: have a great day, everybody. "varney & co." begins right now. stu, take it away. stuart: yes, it does, indeed. good morning to you, maria. and good morning, everyone. question: how do you win friends and influence people? you can give them some money, you know? that's what apple is doing. they're going to spend $430 billion other the next five -- over the next five years creating 20,000 new american jobs in all 50 states. that seems to be apple's bid to keep congress happy. throw around nearly a half trillion dollars, okay? that's the plan, i believe. no reaction in stock. now enter the great showman,

elon musk. fresh from his weekend space station triumph, he will be on deck this afternoon when tesla hosts its earnings report, and he's going to host saturday night live on may the 8th. will he mention doge coin? we don't know, but he's going to get a lot of attention. so will tesla are, so will bitcoin. as for bitcoin, it's recovered. i believe right now we're up, what, $53,000 a coin. at last check dogecoin was 26 cents. all right. that's the cryptos. now the market. the dow industrials will be up a little at the opening bell. s&p up a little at the opening bill maybe. the nasdaq down a little. no clear trend this monday morning. however, this is going to be tax the rich week. this is how the administration will pay for its multitrillion dollar spending plan. double the capital gains tax, confiscate wealth from your

estate and maybe, just maybe, give rich democrat donors in new york and california a tax break of their own. that would be the repeal of s.a. l.t. the president spells it out wednesday night. america will help india with its vaccine crisis. 350,000 new cases over there every day. vice president harris thinks covid is at the -- at the heart of the border problem. the mayor of yuma, arizona, is on our show today. what would he say to the vice president if she did actually go to his border town? oh, yes, and the oscars dominated by race and the police. how many people watched? monday, april 26th. "varney & co." is about to begin. ♪ ♪ you can't always get what you

want. ♪ you can try sometimes -- stuart: is that my answer? you can't always get what you want? [laughter] very true. that is the empire state building on a beautiful, sunny new york city morning. let's get right to this. america is going to help india after india hit a new record with covid infections. over 350,000 cases were reported in a 24-hour period. dr. marc siegel joins us now. doctor, what a lot of people are saying is that that terrible crisis in india could affect us in america. how would it affect us? >> because of travel, stuart. and one of the concerns i've had, and i've written about this in "the hill," actually, is what are we doing to restrict travel from india. we just barely went from a level two advisory to a level four, which is a stiff warning. the united kingdom, france, italy, hong kong now have

absolutely banned travel from india. we're not doing anything like that, and i'm concerned about travelers bringing covid-19 here even more than we have it with over 300,000 new cases a day in india and with variants emerging that are quite dangerous. that's one thing. the other thing is that india makes a lot of the covid-19 vaccines. they make the majority of all vaccines in the world. and so the issue there is they have something called covid shield. they're making the astrazeneca vaccine there. they, of course, have to be able to use it for their own people, not export all of it, and that's an international problem that doesn't directly affect the united states. stuart: dr. fauci says outside transmission of the virus is low, and he expects the cdc to be updating the mask guidance soon. let me ask you, doctor, what do you think the cdc's mask policy should be? >> we shouldn't have to wear masks outdoors, period.

i think that dr. fauci actually telegraphed how cautious he's being when he says very minuscule chance. it's time to say take your masks off outdoors. the place to use masks is indoors and in close quarters. and the other thing that just came out that's deeply disturbing, stuart, is the american psychological association found that 44% of people are afraid to get covid after they've even gotten vaccinated. that means our public health officials are not messaging properly. if you're vaccinated, it's almost impossible for you to get covid, extremely low chance. and if you got it, it would be very, very, very mild. no wonder we're running into trouble with vaccine compliance now. no wonder, people have fear. the fear is not warranted. stuart: well, that's what i want to talk about. we've got a new fox poll, and it shows one in five voters are skipping the jab completely. look at that. development was rushed, they say, 28% think that.

lots of concern out there. do you think this is just about cdc messaging, that's it? well, then that is a criticism of dr. fauci. >> it's a big part of it. public health messaging from cdc and from nih, it's a big part of it. we've got enough vaccine hesitancy in this country to begin with, but on top of that, they scared everybody silly about the johnson & johnson vaccine. that filtered over the vaccine noncompliance. across the country we've got over 65 million doses out there still unused, stuart. it's not about not having enough vaccine now. we've got enough vaccine. we have to go doctor to patient, patient to patient and say, look, you've got the vaccine, you're protected now. we need very clear, direct messaging. we've been having mixed messaging and moving the goalposts. that is a deep, deep problem here. one out of four not wanting to take a vaccine when covid itself

is so much more dangerous? we need messaging. doctors like me have to give out the word patient by patient. stuart: got it. all right. dr. siegel, thanks for joining us. see you again real soon, doc. thank you. on a related note, the european union will allow vaccinated americans to travel there to europe this summer. no exact date they're starting this yet, but it is a start for international travel. and you'll see later on that the airlines are doing very well on that news. france announced it's going to manufacture up to 200 million doses of the moderna vaccine in the state of new jersey. as for the fda and the cdc, they have given the green light to j&j's restarting jabs. dr. fauci says it should raise confidence since the pause showed federal agencies were being tough when it comes to safety, end quote. j&j, 165 is your stock. quick check of futures, mixed picture, no clear trend. this week we're going to find

out which tax increases are coming right at us. david nicholas joins us, our market guy on this monday morning. david, let's not discuss particular tax hikes, just the whole idea of a big tax increase. it's going to be announced this week. will it hurt the market? >> well, stuart, there's a narrative going around right now that increasing the capital tax rate that there's enough stimulus going around to offset the negative impact of raising the capital gains rate, but that's a bunch of malarkey, right? what we see is short, modest tax increases may not affect, but we'll go from 20% to 40% capital tax rate. this raising the rate will help raise revenues for the federal government to pay for the spending that the administration's currently doing, but this is simply not the case. the cbo predicts for every 1% increase in the capital gapes rate, there's a 1.2% reduction in capital gains transactions. so what happens is the

government ends up losing money by raising capital gains rates, thereby affecting revenues. stuart, this is about ideology. these people are marxist. they want to punish job creators, they want to punish those that are going to provide opportunity for americans. so i think this is going to impact the overall market, we're going to see it, so i think this is not going to bode well for markets this year, stuart. stuart: okay. other than that, is there anything on your with radar screen in the immediate future which would cause us to see a selloff on wall street? anything at all in the immediate future? >> well, stuart, we're heading into the summer months right now. generally speaking, that can be a volatile time for the markets so, look, earnings this week is all about tech,? if large tech companies can come out and hit a home run, that'll be good for the market, but if they miss, that could mean volatile months ahead for the market. stuart: yeah. that could be dangerous. i'm not suggesting that will happen, but if it did, that

would be nasty. all right, david, thanks for joining us. see you again real soon. that's the stock market, move back to the cryptos. i see bitcoin up $53,000 this morning. would you call that a rebound, susan? somewhere. susan: yeah, definitely a rebound. i would call it strong too. this weekend it hit the lowest price in seven weeks at around $47,000 a coin. so in 24 hours you're back up 12%. i think that's print good. and we're looking9 -- print good. we're looking at the biggest rebound after reports jpmorgan apparently prepared to introduce actively-managed bitcoin funds to some of their high net worth clients this summer. elon musk tweeting several nods to cryptocurrency, with what does the future l.o.d.l., hold on -- h.o.d.l., hold on for dear life. options expiring on friday, a

million contracts, but again, stu, as i say, they're going to invest in cryptocurrency, and bitcoin you really have to have a strong stomach. a what goes up comes down very quickly. stuart: exactly right. thanks, susan. check futures again, monday morning. nine minutes -- ten minutes past nine on this monday morning eastern time. no clear trends for stocks, dow's going to be up about 50. democrat senator joe manchin says he's not a roadblock for president biden's agenda, but the good senator, manchin, does not want to see the filibuster go away. sounds to me like manchin is, indeed, throwing a wrench into biden's spending plans. we're on it. big deal. president trump leaving the florida heat for new jersey this summer reportedly to raise money. matt schlapp joins us next. is mr. trump trying to fund a 2024 campaign? good question. i'll certainly ask him. "varney & co."'s just getting

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(text chime) it's the biggest week in television. watchathon week is your chance to finally watch shows you missed for free. now you get to talk about them with your friends, no matter what time it is. say "watchathon" into your voice remote and watch for free all week.w! ♪ liveing in america. ♪ got to have a celebration ♪♪ stuart: living in america. i rather enjoy it as you look at charlotte, north carolina. all right. a new fox poll shows less than one-third of voters rate the economy excellent or good. i'm really surprised at that because i thought the economy was doing pretty well, actually. come on back again, susan, and tell us what else the poll finds. susan: well, the president -- [laughter] president biden's job approval rating and his 100 days in

office is at 54% so that's actually lower than obama and bush's which were both in the low 60s, but it's higher than trump's which was below 50%. in the fox news poll, there's a big gappen between republicans and -- gap between republicans and democrats, an 81-point divide even part and wider for -- farther and wider than for president trump. rd border security is the worst it's been in two years with a majority believing that biden winning the election is mostly behind the increase or influx of migrants at the border. as for the coronavirus itself, high percentage says the outbreak is somewhat under control at over 80%. stuart: hmm. i'm -- [laughter] interested in those findings. if i were president biden, i wouldn't be real happy about that poll. susan: yeah. it's not great. stuart: he's not really showing real good.

susan: approval rating, i think, is pretty telling when it's less than obama and bush's, and it's a big partisan divide because you're not winning people across the aisle. stuart: one more for you, apple making this huge investment into the with u.s. economy. just pell it all -- spell it all out. susan: north carolina, charlotte, they're going to get a lot of this money. apple's investing $430 billion over the next five years creating 20,000 new jobs, and that does include a brand new $1 billion north carolina campus which will have 3,000 jobs, but also more jobs and hiring in colorado, massachusetts, texas, iowa, washington, new york and even southern california. tim cook says that apple's doubling down on their commitment to u.s. innovation and manufacturing, and this is across all 50 states. now, part of this announcement some new info as well as apple

tv plus taking place across 20 states and apple reaffirming that they are america's largest company, yes, they are also america's biggest taxpayer paying $45 billion in taxes the past five years. you have to remember that they brought back the majority of their $200 billion in cash from overseas under president trump's jobs and tax act by 2018. remember when he offered companies like apple a tax holiday, lower taxes to bring back their overseas cash? and as you can see, they're spending it and investing it here in north carolina in the u.s. and creating jobs -- here in america, in the u.s. and we'll see how big, in fact, their bottom line is. stuart: it's a direct message to congress. we'll spread all this money around. go easy on us. that's the way i see it at least. [laughter] yeah, right. all right. now this, democrat senator joe manchin made it very clear he wants to keep the filibuster. matt schlapp joins us right now.

matt, in my opinion, manchin is going to torpedo some of the more extreme measures that the president is proposing, because if you keep the filibuster, they need 60 votes to get these extreme measures through. i think he's throwing you, republicans, a lifeline, isn't he? >> yeah. and i actually think he's speaking up for a couple of other democrats who realize that the democratic agenda is very extreme, and the filibuster is the historical tool to stop policies that can get through the house with a small majority. nancy pelosi has, like, a two-seat majority, and it prevents it in the senate. so he's actually being consistent with american history. stuart, that poll you just talked about, look at all these policies biden's pushing. tax increases, no more airplane travel, you've got to get on a train to go to hawaii somehow, an open border -- [laughter] these are not popular policies, and so that's why nancy pelosi is simply jamming them through. stuart: yes. they're not all going to go through if you keep the

filibuster. >> that's right. stuart: manchin is your best friend, i think, as it is right now -- >> you know who my best friend is now, stuart? it's the voters of west virginia. i actually think joe manchin's a liberal, but you can't win as a liberal from west virginia, so three cheers to the voters of west virginia. stuart: you got that in nicely. well done, matt. i want you to address this one: president trump going to new jersey this summer, reportedly to do some more fundraising. a, do you know anything about this? b, do you think he's funding a run in 2024? >> i think he's -- i've talked to him several times about 2024. his mind is open. his posture is to be willing to do it if that's what he decides to do, if that's what the republican party and the country want. that being said, he's going to do something ex-republican presidents have really not done in my lifetime, he's going to be engaged on the political

battlefield every day just like bill clinton and barack obama, al gore and hillary clinton and all the democrats always do. republicans usually sleep off the field. donald trump is going to stay a off the field, and he's going to new jersey for two reasons. number one, it's hot as hell in palm beach in summer. nobody stays there if they can help it. and number two, he is going to help not just his own political organizations, but other allied organizations to make sure republicans take back the house and senate. you know what, stuart? we will take back those majorities. i think on the border alone. stuart: you take back the house and the senate if you stick with trump's policies. i don't know any comment to make about president trump himself, the man, the persona, but the policies, stick with those policies, and those are winning policies. last word to you, matt schlapp. >> yeah. it's not just the policies, which i completely agree with you on and every poll shows it, it's also the posture.

will the republican party fight for these policies, or will they fall back into the more institutionallal norms of just kind of giving in because it's too hard and we don't want to shut down the government, we don't want to hurt people's feelings. donald trump threw that away and said if we believe in these things, we're going to fight every day, we're going to fight to the end on these things. if the republican party doesn't do that, they will not serve a useful purpose to the people. 75 million strong, we want to see these changes. stuart: matt, thanks for being here. appreciate it. >> thank you, stuart. stuart: as we get close to the opening bell, there's some improvement at least for the dow. 68 points higher as we speak. elon musk is going to host "saturday night live." a lot of people are not happy about that. take a look at some of the negative headlines and the comments. if you think these are bad, wait til you see what people are saying on twitter. we'll be back.

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unveil new tax increases this week, and look who's here to comment. the very -- [laughter] keith fitzgerald is with me. all right, keith, big picture question. i don't know what tax increases will be proposed, but tax increases will be proposed. when they're proposed, does the market take a hit? >> i think the market has already factored that in. longer term though i think it's a very, very different equation. you can call this a war of success, scorched earth tax policy, whatever you want. but big government equals small wallet, and i think the markets are definitely going to react, the only question is how, stuart. stuart: the big problem for the stock market would presumably be the rise in corporate taxes from 21 to maybe 28%. that's the big problem for investors, right? >> well, i think it's a twofold problem. i think corporate is only half the equation because if you clobber the personal tax exemption, then in some states, for example, your tax load is going to be over 50% which is the very definition of

socialism. your government now has more control over your money, your income and taxes than you do. stuart: but they're going to say they're only taxing the rich, only people making more than $40 0,000 a year. why are you laughingsome. >> that never works. that's been the theory since the dawn of time, but the reality of the situation is if you look at history, it hurts the very people you're going to help. people with that kind of money are, have access to the best tax lawyers, the best accountants and, again, the data i've seen suggests that if president biden goes ahead with what we know of his tax plans, it's a 9-11% hit for the average s&p 500 earnings per share. stuart: 9-11% share for the earnings of the s&p 500 stocks. that would take those stocks down, would it not? >> huge. correct, exactly. stuart: we don't know exactly what's going to happen until the proposal is made and it works its way through congress.

we'll see how that works out. keith, thanks for joining us. see you again real soon. i'm looking at the left-hand side of the screen at the moment which is all mean, and now people are clapping as they start to open up this market this monday morning. i think we're going to see some green today. i don't know how we close, but at that opening bell -- which is now ringing -- we're going to see some upside movement. here we go. we're off, we're running, the bell has rung, and we start out with a ap gain of 60-odd points. 34,100. that's where the dow is right now. the s&p 500 also on the upside but only just, a gain of 7 points, .18%. the nasdaq composite probably down. now, there's a turn around for you. now it's up a quarter of 1%. we'll take a look at various nasdaq stocks, because i'm sure they're moving up at this point. apple, for example, how has that opened this morning? bearing in mind that we've got the news that they're going to

spend $430 billion in america creating 20,000 jobs in america in the next five years. the stock is at 134. not exactly a huge rally this morning. tesla up nearly 2%. they report after the open -- the closing bell this afternoon. so, susan, tell me, is there one of these magic numbers to look for? susan: i would say it's a record quarterly profit number that we're anticipating since we already got their delivery figures earlier this month, and that was a blowout. so tesla delivered almost 185,000 cars in the first three months of this year. that's a doubling from last year. how incredible. and this is after half a million car deliveries in 2020, so tesla says they will double that number in 2021 which sounds pretty bullish. wall street is anticipating that it looks like tesla will make at least $500 million in profit and over $10 billion in sales. and quality of profit will be important here since most of the past year's profit has been

tesla selling their green credit to other companies in order for them to comply with government rules. so if they actually make more money by selling cars, i think that's a bullish thing. stuart: yeah, i agree entirely. a real profit. oh, tell me more. susan: the stock price runs up into the earnings. that tells you wall street is expecting probably a fairly strong report card. stuart: tell me the other big techs, they report this week, tell me who's reporting when. susan: tomorrow is your beloved microsoft mixed in with alphabet and google as well. wednesday, apple and facebook, and amazon on thursday. so we're talking about the biggest companies in america and, yes, the big tech companies will dominate the headlines. so far in this earnings season we have 25% of the s&p 500 reporting so far, 84% of those companies have reported a surprise when it comes to the bottom line profit, and if we hold at over 80%, that will be the strongest three months,

strongest quarter of surprise beats when it comes to profits since 2008, stu. so corporate america is still making a ton of money. now, will they make a ton of money if the corporate rate goes up to 28%? maybe not, but i think you have to keep that in the front mirror, right? stuart: yep, yep. big week for big tech. this is make or break week for the profitability of the biggest companies in the world. good stuff. you sit back and you watch history, don't you? susan: yes. stuart: coinbase, look at that. now, they are up 4.5% this morning. why? because bitcoin has rallied from a low of $47,000 over the weekend to about $53,000 now. coinbase runs a lot of bitcoin money. show me gamestop. as we know, the ceo, george sherman, he's stepping down. he's taking millions of dollars with him. so, super, tell me how much he's taking, and is somebody else walking away with big bucks? susan: yeah. so the reason is, you know, the

rally in gamestop shares is really providing, shall we say, an unusual boost in value for these stock awards for the departing executives. so all four of them will get roughly $290 million. that's a lot of money. and, yes, that includes the former ceo, george sherman. you also have the former cfo, the chief merchandising person and the chief customer engagement executive as three out of the four executives only joined the company in 2019. so in two years, you've made a lot of money to say bye-bye and leave the company. ands this is all part of that transition, right? that ryan cohen, chewy cofounder, is transitioning. he owns 13% of the company, basically the power behind the board saying we need transition from bricks and mortars to online. stuart: the old guys got lucky. they took the jobs just at the right time -- susan: right. >> stuart: -- to take advantage of the newcomer guy.

susan: right. they get the benefit of it, isn't that great? i mean, timing is everything in life. stuart: exactly. it should always be like that, right? how about etsy? i call them the -- [laughter] what's going on? susan: they are downgraded from overweight. still they are bullish on the growth profits, long-term growth for etsy, but it's just run up so much. this stock is up hundreds of percent during covid because people were stuck at home buying masks and going online and shopping for those one of a kind items. j&j, we know that the coronavirus vaccine is back up and running once again. they're also restarting plans to sell their worldwide breast implants again and, yes, that matters for their bottom line. and finally, do you want to check in on otis and their elevators and escalators? better earnings for otis. i realize that you didn't want to touch that j&j story. [laughter] that's all you, susan, you can

handle that one. i also want to show you pearson, great earnings and digital sales improving there. stuart: got it, pearson is up 2.5%. got that one. all right, we've got 30 stocks on the dow, here are the biggest winners headed by american express up nearly 2.25%. boeing, jpmorgan, visa all on the list. otis worldwide, the elevator people, up 5.7%. that's pretty good. as for nasdaq winners, the top winner is tesla now up 2.5%. remember, they report after the bell this afternoon. have a look at the airlines. modest gains pretty much around the board. 1, 2% up. this is because the european union will allow vaccinated americans to fly to europe at some point this summer. don't know exactly when, but that's the beginning of international travel. the airlines benefit. the 10-year treasury yield as of right now this monday morning is

1.57%. the price of gold right now as of this monomorning is $1,777, virtually unchanged. bitcoin, $53,000 at latest count and oil, what is it, $61 a barrel, something like that. 61, yes, it is. i'm intrigued at the price of gas holding at $2.88 per gallon. that is up $1.11 per gallon from this day last year. can you imagine that? all the way down in the $1.70 range a year ago. let's move away from money and get to politics and this: parents outraged over nickelodeon's segment teaching their kids this. watch it. >> what do these cities have in common? they're all examples of environmental racism, a form of systemic racism. stuart: whoa. is nickelodeon trying to indoctrinate kids with this stuff? sure looks like it to me, at

least. rachel camposduffy has nine dinner. we're going to asker -- nine children. we're going to ask her about it. we've got a full report of the oscars after this. ♪♪ ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪ ♪ ♪

♪ ♪ [typing sounds] [music fades in] [voice of female] my husband ben and i opened ben's chili bowl the very same year that we were married. that's 1958. [voice of male] the chili bowl really has never closed in our history. when the pandemic hit, we had to pivot. and it's been really helpful to keep people updated on google. we wouldn't be here without our wonderful customers. we're really thankful for all of them. [female voices soulfully singing “come on in”]

♪ [laughter] finish. stuart: all right. s it is, indeed, time for susan's hollywood headlines, and you know what that means -- [laughter] the oscars. you know, netflix, they were huge winners last night, weren't they? susan: they were. almost doubling the eight that they had in total going into the oscars last night. seven wins in total, no major awards though for netflix, but they won the most out of any streamers last night including

two for ma rainy's black bottom and also mank, best animated short and best documentary feature. netflix may have won the most oscars amongst the streamers, but you can argue that disney won the major ones in the major categories. no item madland -- nomadland, talking disillusioned workers being left behind in the economy. but the biggest upset was anthony hopkins, a legend. you know, favored in that category was chadwick boseman who was black panther, and 90% almost a sure thing according to the betters and the betting markets. but anthony hopkins, 83 years old, oldest winner in an acting category at the oscars. so that goes to show that legends like him and like you can stick around for a long, long time and do very, very well.

stuart: that's called hyperbole -- [laughter] but i'll take it. now, you've got to talk about "saturday night live," because they're going to have elon musk as the host. that's on may 8th. what are people saying -- susan: and then i want to hear what you think as well because, i guess it's surprising, but some are not happy about this decision and choice. you had a cnn op-ed piece saying musk doesn't deserve it because he thought coronavirus precautions were dumb and forced workers back to work. on twitter, he's incapable of being funny. another said that they would rather watch paint dry. i would say that musk is one to have rare snl hosts and choices outside the world of entertainment, sports and politics. now, president biden has not made any appearances, but remember trump did during the 2016 campaign. new york mayor giuliani as a previous guest host along with john mccain. and do you remember this in the 1990s when the nba

entertainment hit at the time, brandon -- was a guest host of his own problem in that was a conflict of interest if there was one, but i think elon musk, you know, he's a brave guy. he's not afraid to fail, which i absolutely respect. stuart: i'm intrigued to see what happens to dogecoin and bitcoin -- [laughter] in the runup to his performance. because i will guarantee -- i'm not going to guarantee, but i would not be at all surprised if dogecoin and bitcoin and cryptos were not mentioned prominently by elon musk when he hosts "saturday night live." you know what he's going to say, he could say anything, and the price could go up or down. i think there's a connection between his appearance on snl and the price of bitcoin and don'tcoin. susan: right. -- dogecoin. susan: what about tesla's stock? do you think he's going to miss this opportunity to pitch his own products?

stuart: he'll never miss such an opportunity the, ever. [laughter] we agree on that one. susan: yeah. stuart: how about this? nascar, they did permit 35% whats defor fans at the race yesterday at talladega. pete hegseth and will cain, our colleagues and friends, they spoke to some business owners about the big race and what it meant for their businesses. watch this. >> business has finally picked up. we are just now getting back to the numbers that we were at in 2019. >> we've really stayed maybe 55% capacity. we're opening up in phases so just don't have the staff right now. >> we've seen a lot of people as the weather warms up, as the mask mandates come off, people are ready to get out and have some fun. stuart: some of those business owners were actually offering bonuses and higher wages to get people back to work, and they couldn't do it. andy puzder joining us this morning. andy, it's come to this? even if you offer a bonus and

maybe higher wages, they still don't come back for you? >> yeah, it's tough out there. larry summers who, as you know, was president clinton's secretary of the treasury and was held of the council of economic advisers under president obama, so not a righty, had an article in "the washington post" a little bit ago, i think it was in february, that said if a breadwinner in a family of four was making $1,000 a week free cash over the next six months he'd make about $22,000, if he got laid off with the unemployment benefits, the federal bonus and tax credits, he'd make about $30,000. so you've really got these small businesses competing with the government for employees, and the government doesn't require that these people work. so nobody's showing up. stuart: right. i noticed that. i've been traveling over the weekend, and i definitely noticed it. andy, i want to talk to you about second vote advisers. i know you're on their advisory

board. second vote advisers is putting out two new etf. i'm intrigued about this because you're going to invest purely for profit as opposed to politics. spell out your position, please, andy. >> this one's put together by dan morans, the ceo and diane black that ran the house budget committee, chaired it, and her husband who started a aegis scientific, and they wanted to create funds where people could invest in companies where it didn't offend conservative values or libertarian values and that the people would be focused on profit much like milton friedman advocated. it really is in opposition to what's out there called esg investing, that's environmental, social, governance investing which allows liberal ceos and these big investment fund managers to use, basically use shareholder assets, use the assets of these companies to advance their liberal political agenda items such as radical

environmental policies or social justice policies. and those environmental policies can be very expensive,? they can be very high cost and low return without much impact on the environment. and people who are conservative or libertarian may not want to invest in that, they may want to get high returns. these are people looking for retirement trying to generate returns and increase their income. so we're offering people alternatives that, again, don't offend conservative values. we have a second amendment fund and a pro-life fund, lite. and if you invest in it, you're not going to get a bunch of companies that are advocating for second amendment rights. the guarantee would be you won't have any companies that oppose second amendment rights and the universe of companies that we have, we would pick the most profitable companies. and the results to date have been very impressive. stuart: okay. i got it. i'm sorry i'm out of time, but

life. welcome to tax the rich week. i'm telling you, no mercy will be shown to the plutocrats. i'll explain at the top of the hour in my take. and travel takes off and, yes, it is taking off. airlines are going on the a hiring spree. sounds like good business for pilot schools, doesn't it? we'll take you to one in a second. ♪ i want to get away -- ♪ ♪

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call... for fifteen hundred dollars off your kohler walk-in bath. visit kohlerwalkinbath.com for more info. ♪ >> fly like an eagle to the sea. ♪ fly like an eagle, let my -- stuart: i like that song. kind of drifting around all over the place. kind of like it. steve miller band. now this, airlines on the left-hand side of your screen, they're on a hiring binge. ooh why? s there is a surge in travel. grady trimble is at the western michigan university's college of aviation. they've got to be doing good business teaching pilots, right, grady? >> reporter: they are. in fact, they're at a max capacity at this particular program because it's one of the best in the country. but the airline industry is expecting a shortage of pilots, as much as 12,000 by 2023, and

that's just in north america. dave powell is the dean here at this college of aviation, and as we talk, what you're seeing around us are the simulators9 that the students use. you can't train students fast enough, can you? >> can't. finish the roller coaster ride is on a downhill slope. everybody's going to need pilots again, the industry the's back. >> reporter: and i'm going to let jeff show you the inside of this simulator as we chat some more. united airlines wants to hire 10,000 pilots by 2030, and they're saying they'll hire people with no flying experience. is that common? >> that is exactly the way it works. somebody comes in here we take them from the beginning, and that's exactly what we do, bring them in the door with no experience and probably never been on an airplane or inside of an airplane to fly it. by the time they graduate, they're ready to be an airline pilot. >> reporter: and part of the reason for this, stuart, of course directly because of the pandemic all the early retirements and natural

attrition, but now as you said demand for flying is coming back, and they need pilots. stuart: and they'll take you with no flying experience. [laughter] ooh. that worries me. all right, grady, thank you very much, indeed. we'll see you again later. all right. what a show have we got for you. look at this, kt mcfarland, steve forbes, rob smith all on deck. second hour of "varney" is next. ♪ ♪ let's go crazy, crazy, crazy til we see the sun. ♪ i know we only --

i really hope that this vaccine can get me one step closer to him. to a huge wedding. to give high fives to our patients. to hug my students. . .

♪. stuart: it is a beautiful morning in new york city. bright sunshine, blue skies, chilly, but we'll take it. 10:00 eastern time, straight to your money. i see green. dow is up 75 nice gain for the nasdaq. 10 point gain for the s&p. yield on 10-year treasury something of a benchmark these days, so long as beneath 1.6%, you tend to see big tech doing well. the 10-year yield is 1.57 at the moment. big tech is mostly higher. apple, amazon a fraction lower but a decent gain for

facebooking a fall bet and microsoft. bitcoin, we're 53,000 bucks a coin. that is a rebound from the 4thousand dollar low we hit over the weekend. now everyone, now this. i was traveling this weekend and i ran into two situations which i guess are par for the course as we come out of the pandemic. first off, my flight the plane was full. masks mandatory. soon after takeoff, the flight attendant warned us masks must be worn at all times even between bites and sips. that were her words. she was reading from a script. there was a commotion in the back of the plane. some people didn't want to conform to the rules. the flight attendant made announcement. if you don't fly you will be

breaking federal law and you may not be able to fly this airline again. flight attendants will not be happy about being the mask police. the big fight is coming. the second item i came across is the labor shortage. there is clearly reluctance to go after work when the government is paying you to stay home. a barbershop with only half the usual staff. restaurants limiting capacity even though they're allowed to be fully open. they can't get the staff to operate a full house. no surprise here. if you're making money, more money, staying home, why go back to the job especially if you didn't particularly care for the job in the first mace? some people are going to have a very nice summer and some businesses are not. there is something else i learned on my travels. i was in florida, new jersey, new york city, and upstate new york and i see america rapidly returning to some kind of normal. conversations are turning to vacation planning, weddings,

family gatherings, the real estate boom, bitcoin, 401(k). that's more like it. masks on planes and stay at homeworkers they seem to be just minor irritants as we recover. just like israel. vaccines have liberated america. thank you, president trump. the second hour of "varney & company" is about to begin. ♪. stuart: i was surpised at this, a new fox poll shows less than 1/3 of voters rate the economy as excellent or good. let's bring in economist stephen moore who created the expression, rocket ship economy and he did that on this show. stephen, i would agree with you, i do think we do have a rocket ship economy right now. why is the public's perception so negative? >> well, stuart, first of all

let me just say these statistics that you were just talking about with respect to workers not coming back on the job, who predicted that on this show two months ago when we passed that $1.9 trillion covid bill that had increase in unemployment benefits, the increase in the food stamps, increase in rental assistance, all the benefits for people not working. that was me. casey mulligan estimated five million fewer workers because of all the increased benefits. we should suspend the benefits right now. we have jobs open all over the country. time for people to get back to work. i think people are a little bit skiddish right now in terms of the economy. i'm with you, stuart, i think this economy is a rocket ship. i think it is ready to take off. summer and fall will be great months for the economy as we get businesses open. the two things i'm worried about right now, stuart, i am woreried whether these small businesses

construction sites, factories, restaurants, shops are going to be able to get the workers they need to open up their doors, the second thing i'm really worried about is this taxing spree by biden. it is one of the biggest increases in taxes ever in american history. on capital gains, biden wants to take the capital gains tax above the revenue maximizing rate. in other words they will lose money if they raise the tax that high. those things i think will inhibit growth. i'm with you, i am pretty bullish. stuart: hold on a second. senator manchin says he wants to keep the filibuster. if you keep the filibuster, you can't get some of the more radical proposals from the democrats through the senate. so manchin is your best friend. he is the best friend of the republicans and a rational approach to this economy. you with me? >> i am with you on that.

i would mention senator sinema from arizona, talking about checks and balances and saving from taxes. i don't want to rain on your parade, it's a beautiful day, the economy is getting better, what the democrats are using using other budget procedures called reconciliation to try to ram this stuff through with 51 votes even though reconciliation was not really meant to be used for these kinds of bills. senator schumer is trying to squeeze as much through that portal as he can. we'll see what happens. i hope manchin and sinema and other democrats say no, that is not what the reconciliation process was for. they passed that bill, $1.9 trillion bill a month or two ago, that was passed through reconciliation with only 51

votes. i don't know how much further they can go with that. stuart: understood. stephen moore, thanks for joining us. we want more predictions out of you. we want them to be right. mr. moore. i don't think he heard all of that. let's check the markets. we have some green. dow up 60, s&p up 12, nasdaq 16 points above the 4,000 level. jason katz is with us. will higher taxes derail this stock market? >> good morning, stuart. depends where we land. i don't think 28% is realistic, that is opening salvo. i think we end up 25% with corporate taxes. with respect to capital gains and dividends i think we land to 28%. if we look back to other periods where we see capital gains go up, 2013 they went up 9%, stock market was up 30%.

i'm not pollyannaish. i understand there are long lonm implications for raising taxes. undeniable, stephen moore said how strong this economy will be balance of this year and earnings have been going through the roof. 80% of the companies reported thus far have beaten by a 20% margin. stuart: i as an investor don't have anything to worry about so long as we're printing trillions, spending trillions and profits are going up exponentially? i shouldn't worry, correct? >> i'm not so sure i would worry in the short run, in the next three months but you have to be concerned looking out in the next six to 12 months. between monetary and fiscal stimulus and leverage that went along with it, we have avalanche of liquidity, nearly $9 trillion, that coupled with trade tensions making inflationary pressures palpable, i think you will see some higher rates and modicum of inflation.

these are all issues coupled with higher taxes we have to be mindful of. in the short run, however, you need to stay invested, keep portfolios tilted towards cyclicality. don't make any paradigm shift predicated on the first salvo in a tax negotiation. stuart: okay. i take your advice. jason katz, i will abide by it. i will not do anything in the immediate future. thank very much indeed. we have got some green out there. the dow is up 80 odd points, tesla up six bucks. they report this afternoon. what do you got on tesla? susan: up 2.25 at the opening bell. you're looking at a 1% rally because of anticipation over earnings tonight. set to make the most money in the carmaker's history, $500 million in profit around $10 billion in sales but quality of profit wilting very important. last year we saw most profit and gains selling green credit to

other companies. bitcoin plays up on a strong rebound, bitcoin prices. grayscale, coinbase are up. simon property group, remind me, stu, did you ever buy into simon property? stuart: yes i did. susan: evercore says it will outperform. their view worth $128 because of the return to work and return to the office later on this year. stuart: i bought into it. it went straight down. i sold out, cut my losses. susan: good for you. stuart: then this thing bounced back again, wouldn't you know it. don't ever take investment advice for me. susan: you bought in for the dividend yield, right? it is six or 7%. that is higher than average on the stock market. stuart: yeah. that's why i bought it. i'm at a big capital loss. story of my life. susan: can't win them all. stuart: enough of me losing stuff. bitcoin, $53,000 per coin as we speak. 5 1/2% higher.

that snaps a losing streak, doesn't it, susan? susan: strong rebound. you're up almost 15% in 24 hours. the strongest rebound in 24 months. wonder what stu thinking in up and down motion of bitcoin somebody has to stomach. we're sitting $47,000 and change. this comeback, apparently might owe to reports that jpmorgan will allow its clients, highest net worth clients to invest in bitcoin funds. you had 1 1/2 billion dollars of bitcoin options on friday. the bears were in. many people shorting the price of bitcoin a lot of those contracts came through. they did make a paper profit of $350 million but also the fact you had forced liquidations. you read this as well, stu, one million contracts had to be force liquidated. that means people were dumping

their bitcoin at any price. stuart: if i only bought bitcoin, instead of simon property group. i might not be here. susan: i think you would still be here. stuart: i might. i like what i'm doing, surprisingly enough. next case, a prominent democrat doubling down on maxine waters' call for protestors get more, quote, confrontational. watch this. >> if i might use this word that my colleague maxine waters was chastised, we have to confront injustice. that's what we got to do. stuart: rob smith has a thing to say or two about that. he is on the show in the 11:00 hour. elon musk, honest about the risks of going to marseilling you might not make it back alive. that is quite the warning. we have the story for you. what is stopping

vice president harris visiting the border now? covid. according to her. kt mcfarland has had enough of the excuses and she joins us next. ♪. 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. verizon frontline.

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♪. >> kind of thing has to happen is the diplomatic work we've been engaged in, including my calls to the president of mention co, the president of guatemala. >> are you going there. >> yes, we're working on the plan to get there. we have to deal with covid issues. i can't get there soon enough. stuart: we're working on covid issues. vice president harris there, couldn't visit the border, in

part because of covid. but look at this, she has been traveling all across the country to push the spending bill. she is been fully vaccinated for months but she traveled all over the place despite covid. kt mcfarland joins me now. kt, the vice president does not want to go anywhere near the border. she would catch an earful from the border guards, local communities. she doesn't want want to be expd to that, does she. >> she doesn't care about covid coming across the border. she doesn't want to be exposed to the bad publicity. the there is nothing that makes me more mad and riled up than the border issue. it was solved. we have system in place, people would remain in mexico, apply, come in orderly fashion. they knew where they were going once they come in. biden administration, in its zeal to undo everything donald trump did. they opened up the border.

created chaos at the border. you have pictures, stu, break our hearts of babies being thrown off walls. coyotes have been enabled by the biden administration and completely overwhelmed border system. who knows where people are going when they come into the country. who knows where the unaccompanied minors are ending up, whose arms. loving cousins? maybe, maybe not. the whole thing is a humanitarian disaster, political disaster, a national security disaster, a health disaster and i put it at the feet of kamala harris and the biden administration. stuart: tell me about the covid overseas because india is reporting more than 350,000 cases a day. it is obviously a country in crisis. we're going to send some astrazeneca vaccine doses to help out. should we be doing that? >> oh, i think we should be doing that doing a lot more. that is what america is good at,

right? the chinese created this pandemic. which kurd it. we have a lot of vaccine, not one, not two, three vaccines. we have cures for it. american population we'll soon get to herd immunity. we'll get to everybody that wants to be vaccinated vaccinated. we reach our hands out to the world like at the end of world war ii, how can we help? especially a country like india. india, our whole national security policy, foreign policy in asia, depends on the our relationship with india. we should use american material, american oversight manufacture in india, great help them do it. i want to be all over it. good on the biden administration to do it but i would do a whole lot more. stuart: when you say a whole lot more, what do you mean? how big of an effort? are you talking about like a vaccination marshal plan for the rest of the world?

>> i'm not sure it would cost that kind of money. for example, one of the issues about vaccines being made overseas on an american model is that overseas, maybe they don't have the control over the ingredients, materials go into them, et cetera. we could help oversee that. american scientist cost go. big pharma was able to develop these vaccines because of "operation warp speed" where donald trump underwrote and went against laws. as a result of that they owe something to the rest of the world. i would absolutely have a marshall plan to help. maybe not cost money out of u.s. coffers, incentivizes companies to do it, offer american help to countries that need it. i would particularly help with asia and really an there for india. stuart: kt mcfarland, straight to the point as usual. i'm sure we'll see you very soon. thanks very much. >> thanks, stu. >> then there is this, the european union says it will

welcome american travelers if we're fully vaccinated, we can go over there if we're fully vaccinated. don't know when. ashley, that was my question, when can i book a flight? ashe very good question, we still don't know. if you're fully vaccinated you can visit europe some kind of this summer but you need some certificate as proof. the details are being worked out. there is still no timeline yet but the eu is certainly recognizing that the u.s. is on track, making huge progress reaching herd immunity or vaccination of 70% of adults by mid-june. pretty impressive. vaccines from pfizer, moderna, j&j are all deemed acceptable in the eu in other words we're way ahead of them when it comes to vaccinations, stu. stuart: well the cdc says that we americans are missing the second jab appointments. how many people are we talking

about, ash? ashley: a little disturbing. by some estimates more than five million americans have missed getting their second jab. that by the way, about 8% of those who received a first dose of the pfizer or moderna vaccine. i guess another way of saying that is 92% have gotten their second dose. however, the cdc does that some patients were apparently afraid of the vaccine's side effects. other felt protected by one dose. more patients said a follow-up shot wasn't always available although that situation is changing. by the way doctors say one dose will provide some protection but a second dose will provide a much better defense against those covid-19 variants. stu. stuart: got it. ashley, thank you very much indeed. question, are you still waiting for your tax return addressing the entire audience now, not just ashley? well you're not alone. the irs is sitting on close to

30 million returns. we're going to tell you why in a moment. first though, president biden making a big push to raise the estate tax, sometimes called the death tax, the wealthy, what do they get out of it anyway, what is the point of raising that tax, i will ask tax expert grover norquist after this. ♪. 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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♪. ♪ money, money, money, money, money ♪ stuart: kind of predictable, wasn't it? money, money, money. that is what president biden wants from your estate. i want to bring in grover norquist. discuss this, wealthy people don't pay estate taxes. they have enough lawyers around trust funds to get around it usually. if you have enough money on lawyers you can get around it. what is the problem? why are they proposing the death tax on the rich? >> they are doing two things they want to increase the death tax, but they want to put in a

second death tax, eliminating the stepped up basis, when somebody passes on a farm, small business, home, to a son or daughter, the recipient would have to pay capital gains during the parents life, pay it immediately, not when they sell the house or the business. stuart: oh. >> awful as that sounds, think about what biden is doing. this is an idea they passed in 1976. it was such a bad idea they never quite implemented it. couldn't figure out how to do it. in 1980 a democratic house, democratic senate, democratic senate got rid of it. biden, new thinker, bipartisan wants to go back to something that the democrats recognized was a disaster back in the '70s? imagine, this would be the destruction of small businesses, family farms across the country. this is targeting small businesses to make sure parents and kids can't continue a small

business. stuart: can't you get around it? >> how? stuart: at the moment there is an army of estate lawyers who will create trusts. >> won't do any good. you can lawyer up all your want. government may be able to tell you how much your farm or land is worth, even though there may not be a market. how do you like that? this is what the government says you have to pay capital gains on that now with cash that you don't have. it is that awful. stuart: that will be absolute destruction of small businesses and -- >> that is not a feet ture, that is the point. those people don't vote for biden. those people don't say thank you every day to the government because the government isn't running their lives and telling them what to do and giving them stuff. they don't like people like that. this is not a problem for them that they will be wiping out millions of small businesses. stuart: true. true, but will it go through if we've got senator manchin over the weekend saying keep the filibuster.

that would seem to me to rein in any of these extreme measures. you really think that kind of estate tax would actually pass? you think it will pass? >> all it would need is 50 votes. they would do it through reconciliation. the democrats said that is their plan. if one or two senators say this tax is too destructive, if schumer talks to people in new york, if the democrat senators in vermont actually talk to small business and vote, sorry, not vermont, virginia, you could stop it but it would take some very brave democratic senators who have not shown up yet to stop it in reconciliation stuart: this is one of the worst things i ever heard. that is just the seizure of the wealth that you have established over your lifetime, on which you probably already paid some significant tax anyway. i never heard anything as bad as this one. >> they did it in the '70s and they knew it was awful and

"the new york times" commented in 80 how impossible the whole thing was as they finally got rid of it. they are going to do it again. stuart: "the new york times" has come a long way from 1980. grover, i'm very glad you're on the show pointing this out, because you know, that made me very unhappy. >> this is one of three failed taxes they're trying to bring back. this is not the only one. stuart: come back soon and explain the other two. mr. norquist, you're all right, appreciate it. >> thank you. stuart: if you filed your tax returns and still haven't receive your refund, don't hold your breath. there is a major backlog at the irs. it is causing delays. edward lawrence is with us. what's the issue, edward? reporter: the issue is covid, changing tax laws, a number of things. 14 members of congress, democrats sent a letter to the treasury department calling for an investigation as to why the agency is sitting on tens of millions of tax returns that could give needed refunds.

the national taxpayer advocate says the irs is holding on to more than 29 million tax returns that could offer refunds to individuals and businesses. this is how the tax returns the irs is sitting on breaks down of the as of the first full week of april. more than 8 million individual returns awaiting review or processing manually. in addition 5.3 million individual paper returns from 2019 and 2020 still need processing. 4.7 million individual returns with errors or fraud identification issues requiring response from taxpayers. 11 million businesses as well as other returns are still with the irs. the hiccups for the irs being understaffed. attention divided between processing stimulus payments. also the changing the tax laws, like allowing taxpayers to seek a refund based on missing stimulus checks from 2020 or 2021. requiring more manuel checks of returns. the irs in a statement says this from a spokesperson.

the irs knows this is a desperate time for taxpayers and we continue to do everything we can to help. we continue to deliver tax refunds to people as fast as possible with an average of more than one million refunds being processed or issued every day to the nation's taxpayers. the irs processed more than 91 million tax returns and issued 73 million refunds as of ape 12th. this is growing frustration. the national taxpayer advocate the irs is answering one out of 50 calls to them with an average wait time of 20 minutes. back to you, stu. stuart: okay. we hear you, edward lawrence in washington. all right. reporter: try to get through. stuart: the supreme court just agreed to hear a major gun case in its next term. justices will review a new york law that limits carrying concealed weapons in public. this move could potentially loosen gun laws across the

country. this is gun control in reverse. very interesting. might happen. actors using the oscar stage, what's new, to deliver their political messages. watch this. >> if things had gone differently this past week in minneapolis i might have traded in my heels for marching boots. >> on average the police in america every day kill three people. those people happen to be disproportionately black people. stuart: carley shimkus will join us with all the oscar headlines for you. first though, california, set to feel the political consequences of its pandemic population loss and its exodus because of taxes. states like texas and florida, they are reaping the benefits. great story. a great view of the golden gate bridge. we'll be right back.

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stuart: nice show and display of green. it is not a huge rally by any means. the nasdaq is doing well, up by .4%. gnat bad. boeing is a dow stock. it is up today, up 2%, $5. that adds 36 points to the dow industrials. without boeing, the dow would be dead flat. exodus, primarily california, the exodus is shaping the whole political landscape. some states are set to win congressional seats, some are set to lose them. ashley come in. first deal with the losing states. what are they? ashley: i think you're looking at the northeast and midwest, stu. that is a trend that continues. we want to focus if we can way out west in california. it is no secret that state is

losing population perhaps for the first time since 1900 at least. it is combination of high taxes, high cost of living, yes, politics, leading to an exodus of people who find once they move? guess what, they pay less for power, property taxes, income taxes, gas, even car registrations. now with the send uss bureau about to release the latest official headcount, california could pay the price with the loss of a congressional seat for the very first time in its history. >> what we may see for the first time ever is that movement to the west doesn't go quite as far. it looks like they have stopped at the border instead of heading all the way to the coast. ashley: how about that? depending how the headcount turns out, stu, texas could gain 3 congressional seats. 36 to 39.

florida could add two, 27 to 29. could see single seat gains for arizona, colorado, montana, oregon. california's population growth hitting a record low. trend shows all roads pointing east. according to u-haul, tennessee has seen the biggest influx of one way trucks, followed by texas, florida, ohio, arizona. in other words state has let you keep more of your money. no big surprise, stu. stuart: nicely put, young man, nicely put, good stuff indeed. thanks, ash. let's bring in susan. i want to talk cryptos and i want to talk about coin plays actually. susan: talk about the rebound in bitcoin miners. future fintech and coinbase all back up along with the price of bitcoin. bitcoin higher. back above 53,000 because there

are reports that jpmorgan will over high net worth clients access to a bitcoin fund as soon as this summer. show you united airlines. they said they were restarting flights from india last night despite the fact that canada, the uk, netherlands, many countries banning flights from india owing to a surge in covid cases and rise and fears of mutating variants. stuart: okay the big corporate story this morning was apple spending a ton of money in the united states. i stuck in my two cents there, this is how you win friends and influence people in congress, you chuck the money around. you tell us exactly how much money and how is it being chucked around. susan: it's a great example if you lower the business tax down to 21%, some of that money, a lot of that money goes backpack into the u.s. economy. they're investing a lot, talking about $430 billion worth, will make and create 20,000 new jobs. yes, that includes a brand flue

one billion dollar north carolina campus which alone will create 3,000 jobs. more jobs, positions in colorado, massachusetts, texas, iowa, washington. here even in new york, southern california. tim cook says apple is doubling down on the commitment to u.s. innovation and manufacturing across all 50 states. part of this announcement, some new information on apple tv plus. we don't get a lot on their production. they have dozens of them taking place across 20 states. apple reaffirming that they are america's largest company. they are also america's largest taxpayer, paying out $45 billion in taxes the past five years. and that money by the way, that $430 billion, that is part of the cash pile they had overseas of 200 billion. plus they brought back in 2018 under the trump jobs and tax act when he offered companies like apple a lower tax rate to bring back the overseas cash. i know you always wonder about tax incentives. just for the new north carolina

billion dollar campus. they're not getting a whole lot from what i see, digging into details. $29 million a year after they hire the 3,000. so in total, maybe $800 million. don't forget it's a billion dollars, initial investment and 1 1/2 billion dollars each year in north carolina. that is a lot of money, don't you think that they're putting back in? stuart: yes. you can buy an awful lot of influence with $430 billion but that's just me, susan. that's just me. susan: not every company has that ability. >> yes, that's right. how about this beak for big tech earnings, what is the calendar? very crowded. >> a third of the s&p 500 reporting this week. this is the heaviest and most important week in earnings. tonight we have tesla as we mentioned after the bell. then you have microsoft and alphabet google tomorrow after the bell. apple, facebook, shopify on wednesday. i should point out shopify is up big this morning on anticipation of almost a doubling in their

sales. you have amazon rounding it out on thursday. so 1/3 of the s&p reporting. so far companies are doing way, way better than expected. out of 25% of the companies reporting so far, more than 80% surpriserred on upside meaning they brought in more money on the bottom line. 80% positive surprise rate that is highest since 2008, almost 13 years. higher corporate taxes will factor in a lot of earnings calls. one trend definitely emerging report cards, complaints about higher cost, higher energy, chips, lumber. that is the definition of your inflation. higher prices are here. stuart: just watch out if any of those big five tech companies who report this week disappoint. just watch out, because they have will be hell to pay. susan: high bar. stuart: yes, my opinion. high bar. elon musk warning if you want to go to mars you might not come

back alive. that is a warning all right. physicist michio kaku is here to respond to those comments and to comment about the latest success from spacex and that was a success. we'll be back. ♪.

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>> arduous, dangerous journey where you may not come back alive. it's a glorious adventure. sounds appealing. >> and -- >> thousands if not millions of volunteers. it is tough sledding over there you know. stuart: the man is being honest, right? says it is straight out there. people might die on the road to mars. the author of the god equation, that is a new book, great book, actually, michio kaku, joins us now. musk says we may launch people to mars as early as 2024. who wants to go when issuing a warning that you might not come back? >> well, you know, we are 60

years into the space age and the probability of rocket failures is about 1%. look at the space shuttle. we had 200 launches of the space shuttle and two catastrophic accidents killing 14 astronauts, in some sense right on schedule. the people who go to mars will be pioneers. they will be for the most part military people trained to handle things in the face of death. in other words, it will not be a big shock. i think musk is doing a public service because he is telling people that space is not a sunday picnic. you just can't expect mom and dad to go into outer space immediately. it takes two years for a round-trip mission to mars. the world's record for being in outer space is a little over one year. we have tremendous challenges i think we cannot oversell the technology. stuart: okay. over the weaken, we have those great pictures, crew two,

joining crew one, international space station, that was a huge success, on the back of musk's reusable rockets. i think they made space affordable in many ways is that musk's big breakthrough, reusable rockets? >> this is huge. you realize it costs about $10,000 to put a pound of anything into orbit? that is your weight in gold. think about your body made of solid gold. what it costs to put you in orbit. when rockets become reusable, like the dragon space capsule and falcon 9 rocket, they are being resuesed by this launch. when that happens that drives the cost by a factor of two to five, opening up the heavens for public and private exploration. this is a game-changer. remember that back in 1966 at the height of the apollo space

program, the apollo space program consumed 5% of the entire federal budget. think about that. 5% of every dollar you paid in income tax in 1966 went into the apollo space program. that is why it collapsed. we can't let that happen again. elon musk is leading the way to reusable rocket ships. stuart: one last one, they're launching, spacex alone is launching 60 satellites this week. what happened to the old problem, space junk flying around out there? is that a growing problem? >> yes it will be a growing problem. so far we have 1400 starlink satellites in orbit. the goal is to put 12,000 up there because elon musk correctly see as niche market. that is the rural market, not in the cities but in the countryside areas where it is difficult to get immediate 5g networks. so he sees a market there, in

fact a poe earnings cash cow. the downside however, astronomers are screaming brood did i murder, maybe in the photographs are blurred with so many satellites overhead at any particular time. stuart: a bad problem. not a bad downside i got to say. michio kaku, thank you very much indeed. great book. i will be reading that. "the god equation." michio kaku. here is what we have for you. big, big hour, steve forbes, rob smith, rachel campos duffy and more. the administration insists the wealthy pay their fair share but what about the big democrat donors? do you know they're angling for a big tax break of their own? i will cover that next in "my take". ♪.

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omnipod. >> i think this is a rocketship and ready to take off, the second thing i'm really worried about is the taxing spree by

biden. >> this is not about raising revenues is the ideology, these people are marxists they want to punish the job creators and provide opportunity for americans. if president biden goes ahead with what we know of his tax plan, it's a 90. >> 11% hit for the rest average earning per share. >> the small businesses competing with the government for employees and the government doesn't require that these people work, nobody is showing up. >> it is time to say take your masks off outdoors. public health officials are not messaging properly. if you are vaccinated, so most impossible for you to get covid, an extremely low chance and if you got it would be very, very mild. ♪. stuart: it still not exactly back to normal on sixth avenue

in new york city but it's picking up a little bit. the sunshine today does not hurt. 11:00 o'clock eastern time, that's what it is right now. show me the money, show me the markets, the dow was up 30 the nasdaq up 64, moderate gains, pretty much across the board this morning. we are waiting for big tech earnings that come out this week. now this. monday april 26, welcome to tax the rich week. no mercy will be shown, double the tax on their capital gains and stock them with the death taxes they cannot escape. bernie and aoc are behind this. they are running this administration and they know these policies are in many respects very popular and they know the media will be cheering them on. the rich don't get much sympathy do they. bashing them keeps rank-and-file democrats happy. we've got all of that but it's only half the story.

what about rich democrats, more importantly rich democrat donors. they are quietly demanding more from attacks change to help them. they want the repeal assault, they want to deduct their state and local taxes again. if i was to lay bets on it i would say that's what the gonna get, they're gonna be successful with this. if you live in new york, new jersey, illinois and california, you are a democrat with money, this is what you want. the democrat governors of the states wanted to. so they can stop the exodus to low tax states. that is a powerful combination. rich donors and the governors a big population states. all democrats. my guess, the administration will have it both ways, publicly blasting the rich with much higher taxes but quietly given democrat donors a tax break of their own. who would've thought? they do democrat party led by socialist giving a tax break to

the rich. because they want that money in the parties, not so much as the united states treasury. third hour of "varney & company" is about to begin. ♪ steve forbes joined us, we right hand side of the screen, what do you think, i say they will repeal salts, they desperately want to, they desperately need it and they will get it. tell me i am wrong? >> i think there's a chance is public opinion realizes what's happening that this might be derailed but right now it would pass and it would make no mistake as you point out, it's a huge deduction, new york city state has a 15% income tax rate with salt goes down to 9%. what these people are asking, not only a break for big

democrat donors but asking the rest of the country to subsidize high income earners. this repealing salt would be a 96 billion-dollar break, most of it goes to high income earners. you're asking the working people to subsidize democratic rich donors. you cannot believe this, this is "saturday night live" on i don't know what. stuart: you should host that show, you would be good. >> i did once. stuart: did you? >> act 1996, but i kept my day job. stuart: you were running for president at the time, they put you up front to host the show? >> yes i had just withdrawn so i got to do the show, it was great fun, my five daughters got parked in the various gifts so it was great fun and we got great ratings, you can still find it on youtube but the royalty is down to two or $3 a year. [laughter]

stuart: i'll see if they can help yacht on that one, get you viewers anyway. let's check the big picture, this is tax the rich week, the proposals are going to be spelled out this week, tax the rich big time, you think the announcement that we would raise these taxes, just the announcement, is that enough to derail the market? i'm not sure steve could hear me, i'm not sure he's getting the audio properly. i think we lost the connection right there. he's waiting for the question, he has that look on his face but is not coming through, he cannot hear me i don't think. i'm going to move on, sorry steve i hope we can get the audio back. i'm gonna move on to this, the dow industrial up 60 points, we have a mixed market today, not that much price movement. steve can hear me, i will repeat the question, when this tax hike proposal is announced, is it

enough to derail the market in any way? >> what is surprising, how well the markets have held up which says that they do not believe that this is going to happen at the end of the day but i think that is a very optimistic assumption. if those increases go through, it's good to be devastating to the economy and mean less revenue for the capital gains tax and get less revenue, sends money to europe and asia where the capital gains tax rates are lower, hurt startups in the country, higher corporate tax rate mean less money for investment which means less expansion for the future and less money for workers and shareholders who are primarily investment retirement funds and endowment funds. they also want to repeal section 199 a which is a 20% tax deduction for small businesses. they're gonna slam small businesses, big businesses, retirement funds, endowment funds, risk-taking funds, venture capital and send it to asia and europe. the sound like a tax program by

beijing and moscow not by sensible people in washington. stuart: you are right, if that goes through this market will not react well. steve forbes everyone, thank you for joining us. then there is this. house majority whip james clyburn joining congresswoman maxine waters telling protesters to get more confrontational. listen to this. >> what i'm saying to people today, we have got to stand up now. and if i might use this word that my colleague maxine waters was chastised for, we have to confront injustice. that's what we gotta do. stuart: i want to bring in rob smith on your screen right now. political analyst with us again. you've been a stranger for a long time rob smith, you better not be away for so long in the

future. there is a spot for you on the show, what's your reaction to congressman clyburn doubling down on maxine waters and confrontation. first of all i can think of a better example than congress than these two people. let's start right there, first of all the interesting thing about this push porch trying to make the protesters be more confrontational, is it the idea that they need to have their constituents in a perpetual sense of outrage, they need more and more outrage. let's break down what this more confrontational and having protesters be more confrontational look like in a place like minneapolis which i visited last year right after the george floyd right, this is a city that was destroyed to $55 million in what people don't realize the economic effects of the destruction of these cities

last for decades, this means property value goes down, business owners do not want to open more businesses in these places and the people that are hurt and most affected by the confrontational riots and protests in the communities are the african-american people that live in these communities. it's not james clyburn and maxine waters who go back to the gated communities in their multimillion dollar home, these are the actual people that get harmed by this rhetoric and to me it seems like there is so little going on in terms of actually getting anything done in these communities that they want to keep these people in a sense of perpetual outrage because it gives them political power and political control, we see that going on a lot with the left right now. stuart: i think people are getting tired, when you watch the news every night there's a protest or some kind of violence in the street, there's a limit to how long people want to see this continue, i don't know what

the in point is. >> i think the end game is obviously more power and people are getting tired of it and i'm telling you it's the people that live in these communities that are getting most tired of it. if you look at twitter in the videos coming out, there's people that are living in these communities that are going up to the protesters and say do not bring this here because you have agitators that are coming from other places that do not live in these communities that are coming in to destroy and to run away, there are some very real conversations i have to be had about policing our great senator tim scott is working on a police reform bill right now i think these are really valid conversations but i don't think it's doing these communities were these people any favors by james clyburn and maxine waters and others stoking this confrontational stuff because it brings them political power while destroying these communities further. i do not think that that is the

proper message to be sending to the people that are out here on the street that are hurting. >> rob smith, thank you for being here, don't be a stranger, come back soon. we will see you later. were gonna take another look at the market. the dow up 48, the nasdaq up 74, the s&p up 11 and following the success of the oscars, susan is watching netflix. susan: netflix winning seven oscars last night, and one night they almost doubled their oscars hall, no major awards but netflix had only one eighth in their entire history, a seven night is good for them in any other streamer disney might get more bragging rights as they one nomad land. gamestop, paying $290 million in stock options before outgoing executives and that includes a former ceo george sherman and the former cfo the chief

engagement officer merchandising chief three out of the four only joined the company in 2019. not bad work for two years or less and finally you have the s&p 500 financial today hitting a record on the recovery in the u.s. economy and it's interesting that j.p. morgan is rallying bitcoin by offering a new bitcoin fun possibly as soon as the summer but remember back in 2017 when jamie dimon said bitcoin was a fraud and worse than two little bulbs, i think things have definitely changed in a years time. stuart: it's come full circle by the looks of it. thank you. we have a big show still to come for you. i'm gonna show you nickelodeon very much under fire for teaching kids about environmental racism, critics call this indoctrination. we have the story. politics will set the stage at the oscars, why am i not

surprised. will bring you the woke highlights and the fallout two. a new problem on the border as migrants a wife by the thousands. >> there's not a lot of optimism that is going to get better anytime soon. stuart: burnout, yuma, arizona joins me, what is he seen on his border because he's right on it. we'll be right back. ♪ [ engine revving ] [ race light countdown ] ♪♪ ♪♪ when you save money with allstate you feel like you're winning. safe drivers save 40%

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from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home. [announcer] durán catches leonard with a big left. ♪♪ you can spend your life in boxing or any other business, but one day, you're gonna take a hit you didn't see coming. and it won't matter what hit you. what matters is you're down. and there's nothing down there with you

but the choice that will define you. do you stay down? or. do you find, somewhere deep inside of you, the resilience to get up. ♪♪ [announcer] and this fight is a long way from over, leonard is coming back. ♪♪ ♪♪ ♪♪

>> yes, were working on a plane to get there, we have to deal with covid issues that we can get there soon enough. >> she's not saying when she will visit the border, she wants to go but she can visit soon enough. meanwhile 46% of people who answer questions in this poll, 46% feel worse now than it was two years ago under president trump, david nichols joined us he's the mayor of yuma, arizona, right on the border just about. what would you tell vice president harris if she were to come to your city today. >> good morning, thank you for having me on, we need to communicate to the vice president the actual situation on the border she needs to be able to see how easy it is to cross in the areas and what the processes, i was at the border the other day and there was a young family and they were waiting for border patrol to come in and pick them up.

our government has become a defect of part of the smuggling process. she needs to understand that and why it's imperative that we reverse that situation and were not encouraging it as a government or a society. stuart: some people can say it is deliberate because the democrats want to encourage the next generation of democrat voters who will come to us from central america is at an extreme point of view, they think there's any validity to that point of view. >> it is worth debating, i don't have any evidence but i do know it's big business, it's billions of dollars a year in anytime you talk billions of dollars a year, it impacts people. stuart: do you have national guard troops from arizona in your city at the moment? >> i think they're deploying

this week, the governor last week committed over 250 national guardsmen to the southern border. here in arizona as well as $25 million to help our law enforcement deal with issues. every time you engage with someone on the law enforcement activity there is a lot of backup support that needs to happen, that's what i national guard will step in and do. it helped to surveillance so were getting a better picture of what's really happening. what's really happening is people come across the large numbers expecting to get picked up by border patrol, there is a parallel activity trying to get drugs or individuals across the border why border patrol distracts dealing with a larger group of people. stuart: homeland security whistleblower told fox that border guards are burned out, is that what you're seeing in yuma? >> it is definitely wearing on

her border patrol and custom agents this continual turn with where the numbers are up to 2019 right now and that just wears on people and their surging more people to the border and getting volunteers throughout dhs system to come assist, we wouldn't be doing that unless her border patrol agents and officers weren't already stressed out pretty far. stuart: let's get granular for a second, someone comes across the border illegally. what happens to them, they are not sent back, what happens to them? >> there's a couple different things, if their country where they don't have a relationship, cuba, that's been a lot of our from cuba, border patrol picks them up which is what they're looking to do, the transnational criminal organization or the cartel are telling them come across the border, get picked up by border patrol, they know within 72 hours they're gonna be released and they'll be released with paperwork that lets them be in the united states until the court date. the court date are 3 - 5 years down the road, essentially they get released to the community to

live as you and i without having gone through any citizenship or visa process. that is essentially the shortcut on how you immigrate to the united states. stuart: that is an open border, isn't it? >> is pretty open we definitely need to make sure that we lock this thing down so we know who's coming to our country and we can control not just for the security of our communities but the security of our whole nation. stuart: your honor, thank you very much for being on and spelling out how it is. stuart: back to the market still some green, not that much but the nasdaq doing okay up 82 points more than half 8%. show big tech, remember all of these companies with the major names in technology will be reporting the earnings this week, this is a very big deal and as you can see as you walk

up to the profit reports all of the big tech companies are doing very well. some are at or close to record highs. microsoft example. let's hope that the earning reports come through as hoped and that we don't get disappointment which would really hurt some of the stocks. at the moment they are all up. the bedding stocks on your screen, another name going to join them soon, online gaming company planning on going public, merging with sports entertainment acquisition corporation. those betting companies are doing very well in expanding rapidly. on a related note, english soccer clubs will be boycotting social media, ash you know the story, what's it all about. ashley: they're doing it to

protest abuse and racism aimed at players, english professional football says it will unite for an unprecedented four day boycott of social media beginning this friday. all the major leaks from the english premier league down and on the women's side will switch off their facebook, twitter an instagram account in response to what they call a sustained abuse of the players and the lack of action from the tech company. demands by the way were made in february to block or remove offensive post but english football says it has not happened and that's why a boycott is going to be stage. stuart: that is a big deal, i don't think we've seen anything like that before. i think it's gone quite a long way. let's go from english football to american football, he does to a new world record for what. >> he already has an impressive resume but now he can add the guinness book of world records after catching the 600-foot cat from a helicopter. and in case you're wondering, no tom brady did not there with him know he did not do it the first

time, he made it on the third attempt. let's take a look. ashley: how about that for the spring game and he told the team every time you step on the field you have to raise the bar and i just raise that bar to this level, a record-breaking catch, 600v, that's a long way. stuart: is traveling fast when he hits the ground. natural groin entertainer, he was entertaining. thank you. after more than a year

disneyland, california will reopen this week but don't expect things to get back to normal we got a report, racecar driver wins in overtime in telling dégas for the anything like that and we will be back. ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪ ♪ ♪

♪ ♪

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ten-x does the same thing, but with buildings. sweet. oh no, he wasn't... oh, actually... that looks pretty good. see it. want it. ten-x it. yum! >> it went airborne as you saw there, while crash in talladega, this is amazing the man walked out of the car on hurt, and that something, staying on talladega rachel campos-duffy, she was there for the entire weekend watching "fox & friends" begin addition. my question is this you spent a week in their, did it feel like

you were back to normal at all. >> ultimately nascar is a corporate institution that we needed to be, with it being an open wide out in the open sport, nothing is more american than nascar, it was so great to see the cars out there and the people that were there people take time off of work and they get there rvs and they spend days waiting for this race and this race is set up for crashes, the way the track is designed you're almost guaranteed a crash like that, the drivers get into the cars knowing that someone, one of them is going to have a crash like that. it was really fun to watch and

after a year of communist style lockdowns in america, it felt good to have a hot dog, watch nascar and enjoy it and it was awesome. stuart: communist style lockdowns, i think we know where you're coming from. i think we got her message very clearly. i want to get really serious for a second period nickelodeon's special program on earth day they were teaching children about environmental racism, sorry to do this but watch this for a moment. roll tape. >> black no there is an area along mississippi river line with oil refinery, they are so toxic in the south bronx that 20% of children have asthma, they are all examples of environmental racism as form of systemic racism. what do you think to that team

right now you should know it's not just nickelodeon, disney is doing this nickelodeon broaden blm founders to answer questions about racism from children. this is a marxist organization, this is an organization that calls for the destruction and the breakdown of the black family and the very anti-american. i watched the whole segment, it was disturbing, one of the things i saw in the segment was a little girl who came from bangladesh that said the neighborhood she lived in philadelphia which didn't have enough trees or parks and had trash on the ground, the neighborhood her parents chose to live in or decided to live in was a symbol or a sign of systemic racism. this is a girl who is lucky enough to live in america who came from bangladesh, one of the most environmentally dirty places in the world where 190,000 people a year die of air pollution along in terms of environmentalism, this is the anti-americanism being pushed by

the left they have moved beyond the university, they are not only in your schools but they are in popular culture is not nickelodeon, your kids are interfacing but you can be sure they are deeply invested into these messages, it is very scary, i think parents need to wake up and we need to take back our culture, this is going to be a nightmare for us and about 50 years when kids graduate from college or beyond. stuart: it's a nightmare now, it's so divisive, thank you for joining us. see you soon. rachel campos-duffy, related note, women, labor force participation dropped to 56% during the pandemic, that is the lowest rate since 1988.

lydia who has a story for us. she is with us now, is this because children are being kept home out of the classroom. >> that is a big reason why women left the workplace, that is why critics say spending trillions of dollars to restart the economy will not help women, the 2 trillion-dollar infrastructure spending will create jobs but the job that we generated historically male-dominated field in transportation and manufacturing and housing is expected to propose another one chilean dollars in the caregiving economy but some say if schools are not reopen. >> we had a real failure of our stimulus packages to help women get back into the workforce, they're not looking at the root causes of why women are leaving that's because of school closures, what women need are not more spending more money throwing at them, the economy to get back open. >> according to education only

ten states have ordered schools to reach open for some form of in-person learning, those include texas implored and washington state, most states have no order about reopening for the local district. if you take new jersey for example, 811 public school districts, education week points out 90 are still entirely remote, more than 500 are hybrid so kids are home part of the time and critics are saying reopening schools and sending kids back will do more to help parents in particular women return to the workplace more so than spending trillions of dollars. stuart: well said, lydia who right in the middle. this could be a see change, the supreme court has just agreed to hear a major gun case in the next term, justice will review a new york law that limits carrying concealed weapons in public, they're gonna review that law. this could loosen gun laws

across the country, i showing you gun stocks not because i'll be directly affected because this is coming up in the neck supreme court term, that amounts to a reversal in the normal trend of gun control which is towards more and more control. this case may remove some of those controls. fascinating stuff. calls to in the enforcement laws in the wake of the right shooting heather mcdonnell is with us, she says we should not blame the laws for dante rights death. she is coming up after the break. as trouble starts taking off airlines are in desperate need of more pilots, we have a report from pilot training school doing very good business. that is next. ♪

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>> ♪ ♪. stuart: that is disneyland webcam in southern california, by the way it is going to reopen this week. it seems like it's been closed forever but it's reopening this week, however, ashley is not entirely back to normal is it. ashley: no, no bells, no whistles, no fireworks, no parades, other than that have a great time, the most cautious place on earth, disneyland will open in southern california this friday but without some of the magic after being closed as you pointed out for more than a year, capacity will be limited to 25% and there will be time restrictions for indoor gatherings. the park is enforcing masks and

social distancing regulations, parades and hugs between guest and workers, while california, the state is allowing theme parks to sell tickets to out-of-state guest, disneyland is not, still only permitting california residents to buy tickets and make reservations for the park. that all said at least it's opening in some form or fashion this friday. stuart: why is and unlike florida, doing just fine, that's the difference between the minute democrat state and republican state what a difference. i know where i prefer, but don't get me started. look at this over one and a half million -- over 1.57 million people tsa checkpoint, their number keeps on rising there is a shortage of violent, grady trimble aviation school there

partnered with united, is that right. >> yes united and delta. it is essentially a pipeline from the university you have all your certifications why you're on school and graduate and go on to become a pilot for the airlines, the airlines need pilots right now and badly, by 2023 the industry could have a shortage in north america alone of 12000 pilots, that's why people are in this program and you benefit from the hiring spree. >> i am at a great point in the industry to get a job, there is definitely a shortage right now and it's affecting me in a great way. >> united is opening its own aviation school where they hope to train 5000 pilots by 2030 and they partner with schools like this one and have a program essentially that you can apply for and you plan to do that.

>> i do, i would love to be a part of united 88, we have a lot of family friends at work for united and they're trying to help me through the process of applying and figuring that out. >> what are their goals is more diverse pilots so you don't always see women in the cockpit that you are filling that void and you come from a family of pilots and people in the industry. >> my mom is a flight attendant for united and my grandpa was a pilot in the air force, one of the things that i wanted was more women in the cockpit to see that, female captains, a third time as president of women aviation chapter, i am definitely pushing another city in the workforce. >> remember to be nice to brooke because not too long from now she might be flying one of your planes. >> i will be very careful with brooke, that's a promise. thank you very much, see you later. back to the market, whatever gain the dow had earlier, we kinda lost it now, were dead

flat, up ten points, nasdaq still holding to a solid gain, 82 points higher politics, very much in the spotlight, roll tape. >> i have to be honest if things had gone differently this past week in minneapolis, i may have treated my heels for marching boots. stuart: a lot more where that came from and we will bring it to you after this. ♪

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>> if things have been different in minneapolis i may have tradedin my heels for marching t attributes. >> today the police will kill three people, on average they killed three people, those people have to be this personally black people. stuart: no surprise, hollywood's biggest night was very political. fox news, what are the headlines, what are the takeaways from last night's oscars. >> the take away, if there was

an award for boring, the oscars would've scooped it up they were trying to depressed people, the award show took place in los angeles union station in usa today described the show to train wreck inside the train station just because of how truly exciting this was. regina king was the first presenter and after she made the comment about their children she said i know that people watching at home feel like they need to reach for the remote and change the channel when hollywood starts to preach. i think that ship has sailed most people that don't like when hollywood gets political never reach for the remote to turn the oscars on in the first place because you automatically assume that these award shows are going to be heavily political. to its credit there have been other shows in the past that have been much more political than this one and there was one moment courtesy of tyler peary that everyone would like to hear. take a listen.

>> it is our hope that all of us would teach our kids and refuse hate, don't hate anybody, i refuse to hate someone, because they are mexican or they are black or white or lbd dq, i refuse to hate them because they are police officers, i refuse to hate someone because they are asian. i would hope that we would refuse hate. >> a really nice moment, i think everybody can appreciate. beside that no musical performances are lighthearted moment, no jokes, it was speech, clapping, another award for over three hours and if you want hear one of the most hollywood things ever as these actors were talking about equity and fairness in saying that they should be changemakers none of these nominees received gift bags worth $205,000 each

according to forbes and they include things like small packages, consultation with a light post section doctor, a training session, all of those things are gifted so it was free of charge courtesy of the company about $5 million could go a long way for the equity and fairness that they are talking about if they wanted to donate those items. stuart: i think the 200,000 other gift bags are taxable. they will get a 1099, i think, ought to check with my accountant. >> please do. >> let's bring in heather mac donald, i got an unusual question, i'm going to start like this, what did you make of the oscars last night? >> it sounds like they were absolutely hilarious, come on, you can believe that none of those actors have to worry about drive-by shootings outside their door, they don't have to worry that their kids are going to come down by a gang banker who has been released to express his

interclub thanks to the war on cops that has been going on. it's a from the elites that have no understanding and the fact that we are living through the greatest crime increase that this nation has experienced in its history. stuart: extraordinary stuff, critics are using the deaths of george floyd and daunte wright to push to an end to law enforcement. that is a pretty broad statement. i understand they are pushing for a traffic stop in the case of daunte wright. what you make of that? >> they are blaming the messenger, the idea that daunte wright was killed because of a traffic stop is ludicrous, he had an outstanding warrant, we are the gun advocates when it comes to inner cities, illegal gunfights, they are nowhere to be seen, you would stop the

unregistered tax, he had an outstanding warrant for gun possession, he resisted arrest, he launched back into his car leading officers to think that he was going for a gun and tragically and horrifically nauseating he was shot but it was not because traffic enforcement, the push is on to in all types of low-level enforcement including traffic enforcement done by the cops. the fact of the matter is there is a strong nexus between traffic fatalities and gun violence. crashes in crime, this is something the federal government has studied for a long time when you take police out of any type of activity violence is going to go up in the narrative is extraordinarily dangerous and it's utterly false. the cops are not the threat to black people, criminals are the threat because of the solution.

stuart: your point of view has a great deal of more exposure thank you for being with us today we appreciate it. >> to change the subject let's ask a trivia question of this monday morning, what was the first animal in space, the answer right after this. i got this one immediately. we'll be right back. ♪ . .

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first animal in space? the answer is a dog. the dog's name was lika, she made a orbit tall spaceflight on sputnik's 2, this launch was, amazing way back in 1957. who was the world's first astronaut? uy who was the first woman in space. brian in for neil. brian: thank you, stuart. thanks for sharing all that wonderful knowledge you have. stuart: thank you. brian: i'm brian babin in for neil cavuto on. women will be slow to come back to work.