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tv   Varney Company  FOX Business  May 6, 2021 9:00am-12:00pm EDT

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maria: a big thank you to point mcdowell and mark tepper. i turn it over to "varney and company," stuart varney, i got a statement from the business roundtable who are pushing back on joe biden throwing out intellectual property rules saying it will undermine the effort to control the virus. over to you. stuart: i will cover it in that way. it is a humanitarian gesture, giving away the property.
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good morning, everyone. as we say a giveaway or a grand humanitarian gesture, the white house says it is time to suspend patent protection for the vaccine makers, that means giving know-how to the rest of the world, liberals letter, vaccine makers say it will take a long time to get that know-how applied, a long time to increase vaccine dosages around the world. news from moderna, their booster shot looks promising against the south african and brazilian variance and although their earnings report gets a positive outlook the stock is down because sharing a vaccine patent information, down 8%. news on the reopening of the economy, new cases will be way way down by july and the government reports a sharp drop in new jobless claims pointing
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the way for a strong employment report, strong economic report first thing tomorrow morning. no clear trend for stocks, a mixed session, dow is down a little, nasdaq down a little, that is the state of play. looking at the latest 57,$000, the latest on bitcoin, $0.60 per coin and a lot of chatter about elon musk's appearance on saturday night live, the speculation is doge will go to one dollar. willis have up in anticipation of a selloff later? i have a big show for you. aoc wants the 1.5 million strong climate call. what with all those people do? the tiger lady carol baskin joins us jumping into the
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crypto craze. it is all about publicity. wait till you see those angry parents literally taking over school board meetings, they don't want their kids wearing masks in the classroom and they are mad about it. thursday may 6th, 2021, "varney and company" is about to begin. ♪♪ you know me and make me want to shout ♪♪ take your deals up and shout ♪♪ through your hands up and shout ♪♪ come on now ♪♪ stuart: all right. the state of the market, look at it as we head into thursday's trading session, right from the get go expecting i want to look forward to
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little bit, we are expecting a jobs report tomorrow morning. will that be good for the market are bad for the market? >> there are times we have covered to gather where anything that would make the fed start to back off on spiking the punch bowl would affect the market hugely, we have a very small chance of that. it would have to be a blowout report, what i think is more encouraging numbers like the a dp number showing the largest private amount of private jobs coming in since wednesday, the good jobs number under 500,000, unemployment number we saw this morning. we will get that just right report tomorrow. stuart: no reason at this point to worry about a serious selloff in the immediate future. is that where you're coming from? >> that is where i am. fundamentals still look that way, still money coming in
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despite secretary ellen saying we might have inflation coming, in lockstep back a little bit, not expecting it, recommending it and we see all this money coming in from all corners including the buyback, everything that is happening is still supportive of the market going up including prices exploding all over the place. stuart: i have to bring in dogecoin. don't know if you're into that or not but dogecoin is worth more than moderna, 408 of the 500 biggest companies in america. our director some do it up best this morning for me at least, the fear of losing on dogecoin is greater then the possibility
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of winning on dog the ecoin. that sums up my position in my 70s. how about you? >> the fear of missing out that something is happening given a generational move does have a lot of people bringing tons of money into this aspect class, in general when we look at the cryptos and this unusual, putting it mildly, case of dogecoin. i had no interest in anything financial talking to me about dogecoin and how they could get involved, that is getting bubbly and use a 10% drop overnight. it has recovered a little bit from that but i believe what we are seeing is asset inflation in general and crypto inflation in particular continuing to pour in and as long as that happens price will go up but i think we are going to end up with the irs and a handful of big traders. stuart: very interesting.
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thanks for joining us, see you again soon. let's get to montana, the solution to the labor shortage, end the extra jobless benefits, the $300 extra bonus. professor, montana is not only ending the extra money that has people staying about offering a $1,200 return to work bonus, seems like you got to pay people more or give them a bonus to get back to work. how do you feel about that? >> you've got to start paying them not to work, that is what montana is find, 10,000 unemployed people, 14,000 open jobs. if you have open jobs the question is why aren't people taking them and one of the reasons is because we are paying people extra not to work and it is not just montana, it is across the country. 40% of businesses say the hardest thing they are dealing
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with is finding people to take open jobs. in the restaurant industry one in 4 restaurants are saying my biggest problem is you can't recruit anyone to work so stop paying people to not work, you can solve that problem. stuart: the end result is higher wages. i'm not going to argue against that, are you? >> know. businesses do need to up their wages to get workers but they shouldn't be bidding against the federal government who is handing out expanded unemployment benefits, that is not fair. businesses should have to compete against each other, not the government. the problem is we are in a situation where businesses feel like they are competing against the federal government, a federal government who talks about the pro-worker and being pro-business and yet it is directly competing with those businesses who need those workers, this is not economics, just common sense. when you have open jobs, 7
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million open jobs in this country pay people to work, don't pay them not to work. >> the governor of montana, 9:45 eastern this morning, next subject, new study reveals president biden's family plan will office -- costa next to $700 billion, instead of $1.8 trillion it will cost $2.5 trillion over the next decade. you are not a fan of this. >> i'm not a fan of subsidizing dependency, look at the history of our government subsidizing dependency whether that is retirement or healthcare or education those programs always end up on the brink of being broke and it is not the ritual paper but middle-class people, let's get government to stop putting our thumb on the scale of life, when it puts them on the scale of life people slide
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into those programs, never leave and the folks in dc who promote that never tell the truth about the real costs so let's put government out of this and that the private sector or. >> as long as you understand the strategy is very popular with a lot of voters. time is up and i know you would like to respond to that but i'm would like to have time soon. by the way gary gendler of the securities and exchange commission is hinting new could be coming to robin hood. this is about game stop. >> talking about the gameifcation of trading, the game like features of coins, leaderboard and graphics like confetti that makes it feel like a videogame, people have to remember there is real money and livelihoods at stake, this is the third robin hood hearing with the new sec commissioner and gendler will 0 in on how robin hood makes this money
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which is by sending customers orders to citadel securities which is owned by citadel hedge fund ken griffin and likely questions about conflicts of interest and whether robin hood is working in the best interests of their client. in the game stop saga in january many people accused robin hood for eliminating these trades because citadel was losing money off of its investment and short-sellers were bidding against these stocks and you can imagine shortselling will also be brought up as well in the role of social media in the markets today. it will be interesting, people will be paying close attention to what this means to the ipo later this year. >> the stock price appellate on plunged after the company recalls the treadmills of safety concerns, the stock, the company lost $4 billion in market cap.
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this morning it is down another 3.5%, palazzolo way back to $79 per share, that is happening right now. caitlin jenner sat down with sean hannity, her first interview since announcing her bid to the governor of california, nothing off the table, everything on including how she feels about president biden, role tape. >> what i liked about donald trump is he was a disruptor. on the other hand biden, i don't think i have agreed with anything. it is a 180 degree turn in our country. going the other direction. stuart: more from that exclusive interview coming up for you on the program today. the administration will waive patent protections for vaccines, that is humanitarian gesture but also giving away our intellectual property, how do we feel about that? we will discuss? quick check of futures as we head for the market opening, a mixed picture, no clear trend this morning, more varney after this.
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and they're number one in customer satisfaction. his number... delete it. i'm deleting it. so, break free from the big three. xfinity internet customers, switch to xfinity mobile and get unlimited with 5g included for $30 on the nations fastest, most reliable network. stuart: looks like a building boom in salt lake city all those cranes, a crisp 53 degrees as of right now. salt lake city school board meeting erupted in chaos after parents were told their children would have to wear masks in school. >> if you let us senate a come up here in the name of my
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children, you guys are abusing, are you serious. the change we had our citizen participation. [crowd chanting] >> we adjourn this meeting. >> and a second, all in favor say aye. [people screaming] stuart: uproar as you heard and the board members adjourned the meeting and called the police. we will have more, the parents revolt. the parents revolt is taking off and we will cover it. the administration waving protections for vaccines lawmakers. senator john barrasso joins us now. you are doctor, this seems to
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be a really strong humanitarian gesture but on the other hand giving away our intellectual property. where do you stand? >> i disagree with the administration on this. president biden is marching to the tune of the world trade organization and the world health organization and we know who call that tune, communist china and russia. we worry about china stealing our trade secrets, this is president biden offering them up on a silver platter. >> the people of this country are the most giving and generous people you could ever imagine, we want to help people around the world get vaccinated. what the president is proposing is absolutely the worst way to get it done. stuart: why is it the worst way to get it done? because you could expand
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vaccine production, give other people the know-how, the formula and expand production and there is a real crisis in india and brazil and elsewhere. goes a little way towards helping that crisis. >> it is wrong and it is wrongheaded. it violates the rule of law, it blows off intellectual property rights and the countries that are involved will have a difficult time manufacturing the vaccine. this is a complicated process that needs specific equip and, well-trained individuals, raw materials, we are not talking about making eminems. this is very involved, the best way to get more vaccine to people around the world is to expand the capacity of the people who are currently making the vaccine and sending that out around the world, not sending out our own intellectual property. stuart: can that be done? it can be done?
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>> people that are already doing it have access to raw materials, personnel who know how to do it. that's the way to do it rather than sending recipe to a country and saying get started. that would delay things. this is president biden kowtowing to the international audience rather than focusing on what is right here in america. stuart: thanks for joining us. we want your point of view on this, thanks for being here. i will stay on the vaccine makers, they plunged the after they waived patent protections for vaccinesmakers, giving away our secret body and paid for by the taxpayer. >> coca-cola giving away a separate recipe, very expensive to make, if not billions invested in research and development by the -- up in arms, they are angry about this
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decision. and already strayed global supply chains and more vaccines out there. innovations to undermine you leadership with biomedicals in which company will step up next to make the next vaccine, it isn't a guarantee just yet and might be limited to the country keeping their own secret recipes, and the know-how. a tough line to walk. stuart: a front on moderna, the vaccine booster shot shows promise against variance, data at the ongoing trial, that is big news, stock is down, the waving of the patent
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protections a, was encouraged by the findings of the booster shot of the variance. dow industrials will be up 50 are points, down four, no clear trend. rhonda santos giving $1,000 bonuses to law enforcement. >> some wanted to defund the police, and then some. stuart: wonder how the defund the police people will feel about that throughout 3 hours. we will be back. ♪
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stuart: susan, come in, what is the news from twitter and trump? >> a new communications platform allows sharing his post onto twitter and other social media sites but twitter says no no no, they suspended
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the account of the communications platform called from the desk of donald j trump, this violates their rules. as i look through their twitter rules, they won't allow users to share information band on their platform and given donald trump is permanently banned on twitter you cannot share these blog posts. >> good report, thanks very much indeed. $48 per share on all the way down from the mid-60s a couple months ago. i want to know with two minutes to go to "the opening bell" what is your target price? 58, 48, where is it going? >> disappointing results last night in that the recovery and ridesharing is occurring but occurring more slowly than the market would like. there are pockets of weakness around the world in asia and
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continental europe etc. but those markets reopen when they do ride showing, very nice recovery in certain markets in the us and still this regulatory uncertainty, it is in the future. we have a less extreme outlook, and that is unlikely to happen. a breakeven point by the end of this year. >> $70 for uber. how about lift, $50 a share. where do you see lift going? >> we prepare uber to lift, multiple revenue streams and delivery, we like both assets. stuart: you are good on tv, you
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can pack so much information. thank you for joining us. you couldn't take the pay cut. you are all right. here we go. they are going to bring that bill any second and off we go. we open the market a couple seconds, expecting a little green for the dow. we are up and running, thursday morning. and split among the dow 30, 15 of them are up, 14 of them are down. the s&p up a tiny tiny fraction, virtually unchanged. the nasdaq has opened and it is down 0.19%, the s&p on the
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upside, big tech, all of them down again. microsoft back to 246 and amazon 3200 a couple months ago, weeks ago it was 3500. betsy, i nicknamed this the tchotchke site, down 8%. what is the problem? >> tough comparison with covid lockdown last year with a lot of people were shopping on at the buying masks. and sales for the springtime into the summer. you have the pool forward affect, people were shopping online including at sea, wayfarer and ebay and streaming netflix but all these companies say it is tough to compare to last year and the sign-ups of taken place. stuart: i see slower growth in the future in the stock goes down. how about pay powell, they
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report strong earnings. does their growth have anything to do with bitcoin? >> a lot of its growth will be dependent not just on bitcoin but crypto currency, record quarter, the key growth engine according to the ceo, additional wallets offered by paypal, buy and sell it use crypto currency, not just bitcoin the dogecoin. online shopping has been a boom, 360 million paypal accounts in the world, pretty and credible growth we are looking at. can i note that we are looking at a fourth straight day, fifth straight day of decline, the longest losing streak this year and haven't seen that the fall of last year. stuart: the yield on the 10 year treasury is below one.6%. take that out as a factor, the
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nasdaq is declining. how about papa john's? nightly up 6% higher, very very strong earnings. the pizza chain, ceo rob lynch, there's, quote, sustained demand for delivery of pizzas even as the country reopens, habits are changing, papa john's up, dow winners, the biggest winner of all is goldman sachs, not off that much but it is a winner, home depot, procter & gamble and cisco on the upside, the s&p a big winner, kellogg, let's get into that, it is up 5%. the big nasdaq winner, fox corporation our parent company, we are going to get into that in just a moment. i want to look at tesla. strong demand for their cars. i'm told they already sold out
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for the quarter. is that accurate? >> through the roof according to electric reporting, production capacity sold out and two month left in the quarter as well so model 3 doing well, flying off the lots, 80,000 third court a production record this quarter in the springtime, plan to double last year for car deliveries, speaking of musk, here is the photo hitting social media by saturday night live. >> >> you can watch the replay, it is on demand these days. stuart: got to get serious here.
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fox corporation has just reported, the stock is up 2.5%. given a highlight. >> interesting trends which is the biggest take away from the earnings report, we are looking at increasing the profits, drop in sales but making more and buying the online sports is an important trends, no specifics in terms of how much but fox getting bigger with sports betting and it will drive more sports traffic so more states allow legalized online sports betting on the back of draft kings and other companies like mgm. stuart: fox corporation is the parent company of this network. thank you. this one is for you. rocket companies. i know them as the mortgage people. why are they down so much in a housing boom? 15%.
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>> they had a huge low-volume surge for dan gilbert's loan company. the problem is the measure is how much these mortgage companies make after a home sells and rocket companies, it was way below what wall street was looking for, that is concerning with rising rates, us mortgage bankers association saying we are looking at a 14% drop in mortgages, people are anticipating the growth. stuart: thank you. we have caitlin jenner explaining why she's willing to take on the governor of california gavin newsom. role tape. >> the state has done so much for me over the years. i watched it crumble in front of my eyes. i'm fighting against the hypocrisy that is going on. he has been bad on every issue. stuart: stay with us because we are going to tell you what jenner said about the border wall and much else as well. montana struggling to find
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stuart: we are showing the markets, the belgian beverage it into all-time high, now you are 34,300. we have montana ending extra federal unemployment payments trying to get people to go back to work. the governor of montana joins me now. spell it out, what are the extra payments you are ending? >> thanks for having me on. montana is open for business. we have been unwinding all the
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government mandates, gotten rid of the mask mandate, relaxed, got rid of the limits, hours of operation restrictions, provided lawsuit protection for small businesses and as we enter into tourist season anyone comes here for travel streams or visit glacier national park, bars, restaurants and construction the couldn't find workers the supplemental pandemic unemployment benefits paying people more to stay home than going to work and as result restaurants are shutting down a couple days a week so the decision we took tuesday was to end the supplemental unemployment benefits, roll them back to pre-pandemic levels so we have a safety net, we are going to reinstate the work search requirement and added a back to work bonus, somebody goes back to work, works four weeks, a $1,200 check. stuart: the governor of
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missouri is ordering state workers to go back to work now. would you consider making the same order for montana state workers? >> we are not far away. our state workers have been working, back in the office soon, many of them have been working for the pandemic, it is imminent. stuart: would you say that at this moment montana is out of the pandemic? in montana it is over? plain sailing from here? what you say that? >> i would say the crisis is over. we still have to be careful but we have about 50 people in the hospital statewide, we are having single-digit new infections per day, most people have gone back to a normal life and it is to be applauded. this was a rough year, we need to open back up.
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stuart: do you see people wearing masks at all in montana? you dropped the mask mandate. i wonder if people are still walking around in masks. >> in certain communities there are people with different responses, some take the extra precaution. i would say most are not. i want to say we are going to have a beautiful summer in montana, come visit us, we would love to have you enjoy the great outdoors. stuart: you are talking to the audience, montana is the only state that i have never been to in america. i would love to get there, governor. >> you mentioned that last time and i want to say this unemployment is a necessary component of safety net but with the extra benefits we had in place it became a career choice for some people and i believe in the dignity of work and the satisfaction that can come from being self-sufficient and we have taken this first step in the nation to get
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people back to work. stuart: you need workers, unemployment at 3.8% of that is terrific. thank you very much for joining us this morning, maybe i will join you in montana at some point. >> you would be welcome. we would love to have you. stuart: see you later. serious stuff from google. they have unveiled their remote work plan. big deal, trying to fill up those offices again. how many workers would remote permanently? >> 20% will be permanent. if you do the calculations, google employs 140,000 people around the world, 20% permanent, 60% of their workers will be on-site three days a week and then two days to work at home and all staff can find work four weeks remotely outside their home cities and that is up from the two weeks previously allowed. google just announced a few weeks ago, remember the $7 billion investment in new office space including in
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atlanta, also that huge campus in silicon valley develop, that their building right here. when you have $100 billion on the balance sheet you can be pretty flexible with that. stuart: you can be flexible. are come to you with crypto stories, what is this about coin base closing their san francisco headquarters? >> a knock on effect for big city real estate. in 2022, coin base, the world's largest crypto exchange says they will no longer have headquarters in san francisco, they will be a remote first type of company, instead of one big office they want to network a smaller office, whether employees work remotely from wherever they like, decentralization is what they call it in line with the mantra of crypto currency, crypto
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bitcoin is based on the philosophy of being decentralized away from government policy and governments. stuart: they don't particularly like taxes either. >> don't forget the irs yesterday had the headline that if you own crypto currency you have to report that. stuart: the irs should be expecting a huge jump in the take from all these crypto profits that are being made. if the accurately reported in the profits tax is paid, that is a bonanza for the irs. >> only realizing crypto currency right now. stuart: a lot might sell before elon musk's appearance on saturday night live on saturday night because you want to get out before everybody else gets out. we digress, we digress. let's get to reality. look at big tech, they've been in decline recently, decline
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continues, microsoft is down, google is down, facebook up a tiny fraction, amazon at $3,200 a share and apple, 128. the overall market we reported moments ago that the dow hit a brand-new all-time record high intra-day, 34,000, well above that level as of now. next i am going to tell you about the robin hood approach, take from the rich and give to the poor, it is popular and it is the biden presidency strategy. the new york giants have a new crypto deal, a first for the nfl but what exactly are they doing, tiki barber is here and will try to explain it to me. ♪♪ o qqq a fund that invests in the innovators of the nasdaq 100 like you become an agent of innovation with invesco qqq
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stuart: those of you not familiar with the outlook from new york city towards new jersey, that is the american dream, one of the largest shopping malls in the world and
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metlife stadium, it is just a look at new york, new jersey, 55 degrees on thursday morning. next we have the new york giants, a new crypto deal with the world's largest crypto asset manager grayscale investments. don't know what this is about but tiki barber no doubt does and he joins us now. can you explain what the giants are doing on issuing the coin? >> don't think they are issuing a coin yet but there have been some players taking salary in bitcoin, russell cohan said he would do that. the giants are getting in on the trend which is happening around the financial world the grayscale is the latest example of an opportunity to get involved in crypto space. they are sponsoring the giant foundation golf tournament and
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they are home game sponsor as well and i'm sure that over time this relationship will develop. you have seen this like i have. this is how young people are engaged in the financial world, a lot don't have jobs. they have a little bit of disposable income, they put it into this -- these rocket valuation companies, bitcoin and crypto currency and makes them feel included like they can generate wealth that is not otherwise available in a stagnant economic world we live in right now. stuart: you are young guy, have you got any money in crypto? >> i don't because i don't know how to take it out. i understand there's a lot of interest and excitement around these crypto currencies but i feel myself blessed because i have a job, paid me well and haven't had to think of these
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alternative asset companies but at the same time it is hard not -- hard to ignore it. so much noise whether on social media or these discussion platforms, crypto is the way of the world. some of it is confusing and that's the problem for some people including myself. stuart: every single person i run into outside the studio asks me the same question, you got bitcoin? how about dogthe? it is like the dot.coms 25 years ago. it does feel like that in that respect. the general manager of the bills says he would consider cutting unvaccinated players if it meant he could lift restrictions. what do you think of that? >> it is a little harsh. there's a lot of vaccine hesitancy because we don't any of us know what is going to happen downstream if there will be long-term effects or if it is going to be effective against some of these variants but the nfl lost a lot of money last season because hands were
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not able to be in attendance, they had stoppages and lost a lot of player, worked time to coronavirus protocols. if you test positive you are out 14 days and anyone contact traced next to the ms. out for an extended period of time. this is an economic saving measure for the operations of a football team. i don't think it will come to that but it is an interesting threat they are throwing out to some of these players. stuart: exactly right. thanks for joining us again. >> i thought you were going to ask me about something else. stuart: staying out of soccer at the moment. let me tell everybody what is coming up in a couple minutes. we have bob doll, pete hegseth, kennedy and carol baskin is here, she's and to cryptos.
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i knew about the tremors. but when i started seeing things, i didn't know what was happening. so i kept it in. he started believing things that weren't true. i knew something was wrong, but i didn't say a word. during the course of their disease around 50% of people with parkinson's may experience hallucinations or delusions. but now, doctors are prescribing nuplazid. the only fda approved medicine proven to significantly reduce hallucinations and delusions related to parkinson's. don't take nuplazid if you are allergic to its ingredients. nuplazid can increase the risk of death in elderly people with dementia related psychosis and is not for treating symptos unrelated to parkinson's disease. nuplazid can cause changes in heart rhythm and should not be taken if if you have certain abnormal heart rhythms or take other drugs that are known to cause changes in heart rhythm. tell your doctor about any changes in medicines you're taking. the most common side effects are swelling of te arms and legs and confusion. we spoke up and it made all the difference. ask your healthcare provider about nuplazid.
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for the rest of the market. in the red for the dow. in the red for the s&p. the nasdaq is down close to 2/3 of 1%. what is the yield on the 10-year treasury? you have to look at that down to 1.75%. interestingly big tech is not rallying on that news. you know, when you have got the 10-year treasury yield below one six, you tend to get a rally in big tech. not so today. apple, amazon, alphabet all on the downside here. let me say something, twitter banded trump's new platform. twitter banned him forever. bitcoin above $57,000 per coin. we're quoting dogecoin at 59 cents. thursday morning, just after 10:00 eastern, you know what that means, ashley webster has the mortgage rate story. ash, good morning. ashley: highlight of my week. good morning, stu, 30-year fixed
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on freddy, 2.96%. last week it was 2.98%. stu that marks three weeks in a row now of under 3% on a 30 year fixed. consumer income is up. consumer spending is up. great news for the home market. the only fly in the ointment, has been a long time, not enough homes for sale. but the rates under 3%. we'll take it. stuart: we would definitely take that. all right. now this. the president shows real vigor, real zeal when he is talking about taxing the rich. he knows it's politically popular. he has seen the polls. he has to keep in line with bernie and aoc. he likes and wants to tax the rich. speaking to reporters wednesday, he said the wealthy could keep the second, third homes, keep private jets. tax hikes would not affect their life-styles not even a tiny bit.
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got it? then came the the punch line. would affect the people i grew up with. man of the people. taking money off the rich giving to everyone approach. you know what? it is popular. the republicans argue these tax hikes would wreck the economy and would in fact hit the middle class as well as the rich. that may be accurate but it doesn't have the same punch, tax the rich, give us their money. that has got punch. billionaires don't get much sympathy. nor does the corporate ceo. it comes down to the 2022 elections. the president vigorously goes after the rich, hoping that redistribution will will be a ve winner the way the polls sulk it will be. biden hope the economy keeps growing until the elections which are 20 months away. bernie, aoc, they don't care about the economy's performance,
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they just want to hurt the rich, hurt capitalism, hurt the american corporation. they want a socialist win this year even if it mean as democrat loss next year. second hour of "varney & company" is about to begin. ♪. stuart: right, 10:03 eastern. the man on the right-hand side of the screen is pete hegseth. back with us now. you heard what i got to say. i say taxing the rich is very, very popular. how do the republicans counter the free money message. >> unfortunately you're right, stuart, a lot depends, how long the sugar high of government spending last. how long do the stimmies play out. how much more is spent, never hits things like hit people like gas prices, consumer prices does
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that happen? it is an easy message, especially on the ears of young kids who are not learning that capitalism is a good thing. that is actually lifts boats, empowers people. fortunately, unfortunately. i think a larger piece of 2022 will also be the culture issues, classroom, curriculum, freedom. those issues will rise to the top. if people are doing well, will still consider where is my country, where is my culture, where are my kids? are they in school. it's a dangerous message. i saw the governor of montana on the show earlier. great what he is doing. we'll pay you if you're working four weeks because we can't handle giving out free money to people that won't work. it is not sustainable. stuart: on issues of the schools, i want to bring this in. one dad pulled his daughter out of the very expensive brearley school because parents are being forced to become
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black lives matter activists, if you don't become one you're a racist. hold on a second, pete. just watch this, everyone. >> more than just a curriculum. they advocated for "black lives matter" and they want families to advocate "black lives matter" f you stay silent you're a racist. you have to be an activist. if you're not a tore the initiative of black lives matter, you are a race tivity. stuart: pete what is the message to the parents? >> stuart, it is evil. they say if you're comply ant, you're. my message to parents, leave, run away. elite equals leftist indoctrination. they might get into ivy league school, they do a same thing and go to a woke corporation, be at
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the same thing. teach values, i don't know the bible, capitalism, maybe latin. maybe good things useful through the test of time that taught people how to be good and virtuous, to love the fellow man to stand for things they believe in. they divide kids. they teach racism. they white kids their parents are guilty and. there parents standing up, they need to be more of it. radically reor i rent our life around the education of your kids otherwise you're sending them to democrat camp for 12 years. stuart: i want to hear more about this 7:00 eastern fox news tonight. you are anchoring prime time at 7:00 p.m. eastern with pete hegseth. we'll be watching, pet. thanks for being with us this morning. back to the markets.
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i see a lot of red ink. the slide for the nasdaq down 80. they're is a lot of red out there at the moment. i want to bring in bob doll. bob, i'm getting nervous. i keep seeing red ink, various indicators sliding, especially the nasdaq, should i be worried? >> i think it is time for a pause. the market obviously since the pandemic basically gone straight up in this recovery and it is getting tired. if you look at major averages go back a month, some thee months, they have not made much progress. look everybody knows how good the news is. the economy is off the charts good. earnings have been off the charts. expectations have been exceeded by record amounts. a lot of stocks are kind of sagging. it is time for a rest. i don't think there is big downside as long as we have huge momentum behind us, but i think lurking behind this, stuart,
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there are concerns interest rates start back up, all the shortages we're hearing about, will that lead to some inflation. that has people a little jittery. stuart: a lot of people who watch the program, who got a chunk of money. possibly retired, they're wondering where should it go? at the moment i think most of our viewers are heavily invested in stocks. do you think they should keep it that way? >> i do. i think stocks from here to the end of the here will beat cash, will beat bonds but the pace of gains is not going to be what we had. we've gotten spoiled in recent months, stuart. you buy it and it goes up almost no matter what it is but it is going to get a little harder from here. going to have to be a little more judicious the kind of things you hold. not everything is going to go up. the cyclical part of the market will outperform the defensive. some high growth stocks of interest rates and inflation
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move up a little bit. they will have a little bit of cloud over them. so it is not everything going to move up. it is more, more selection within the market. stuart: you're very good at hand-holding, bob doll, and we appreciate that and we will see you again real soon. >> all the best. stuart: all right. susan is with us, looking at movers, including fox corporation. the parent company of this note work. what do you have. susan: strong metrics. a seven fold increase in profits first three months of this year, drop in sales. but also a very interesting trend they are buying online sports site outkick media. fox is getting in sports betting. they have fox bets. outkick will drive more sports traffic in the future as more states legalize betting. kellogg's's, you pointed it it is a winner, having better profits the first three months of year. they love their comfort food.
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they are projected to sell more this year s that great? zynga, mobile game-maker showing signs of life despite making less than anticipated. reported higher sales. raising full years guidance on demand for live gaming services. norwegian cruise lines lost 1 1/2 billion dollars in the first quarter, slightly better than anticipated. overall bookings, net of cancellations, according to the ceo, double the volume during the previous quarter. there might be some hopes much recovery in cruising. olive garden owner darden being called outperform by callan, worth $160 million. you think this is recovery with italian bread and italian food dining? stuart: i don't know. i don't know how things will work out when we're back to normal. investors don't think much, the stock is down a fraction. susan: garlic bread, always the
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garlic bread. stuart: i do like the garlic bread by the way. jeff bezos, he sold a lot of amazon shares. susan: a lot. stuart: how much did he sell and why did he sell it? susan: a lot for me and you and the average person but not for jeff bezos but he sold over $2 billion worth next two days. most of that taking place on monday. the filing said this was prescheduled. we knew this was happening. bezos is accelerating amazon stocks sales, unloaded 4 billion last february. another 3 billion in november. he previously sales he sells about a billion dollar a year in amazon stock in order to fund his space venture blue origin, they're starting to sell tickets for space tourism. bezos is getting more charitable. giving away more of his money. selling more stock. he is still worth $190 billion, i checked according to bloomberg wealth. still richest on the planet.
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two billion is not even 1% of his overall wealth. stuart: those sales of amazon stock have nothing to do with his divorce? susan: that has been done. yeah. so mackenzie got 4%. he kept 14% of amazon, his stake. stuart: okay. stuart: okay. got it. amazon right now, 3271, down from its high considerably. chaos at a school board meeting after parents learned their kids have to keep wearing masks in school despite the state lifting its own mask mandate. brief clip. watch this. >> no more masks! no more masks! >> i move we adjourn this meeting. >> i'll second. stuart: the parents revolt in full swing and we're going to cover that story for you, believe me. plus, move over, marine
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corporation, congresswoman alexandria ocasio-cortez wants to create a climate corps. former energy secretary dan brouillette takes that on. caitlyn jenner wants to be the next governor of california. >> i love the state. the state has done so much for me over the years but i watched it crumble right in front of my eyes and you got to stand up. stuart: what kind of support does she have inside of california? we will ask california gop person harmeet dhillon after this. ♪. talking about saving with geico. but that's the important bit, innit? showing up, saying “hello! fancy a nice chat?” then we talk like two old friends about sticky buns and all the savings you could get by bundling your home and car insurance. but here's the real secret. eye contact.
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♪. stuart: all right, the news broke about an hour ago. twitter is suspending former president trump's new platform. this come as day after facebook announced they are upholding the trump ban, at least through november of this year. harmeet dhillon is with us, republican national committee woman who joins us now from california. harmeet, does former president trump does he have any legal options? >> well, as the law currently stands, have the courts interpreted unfortunately no. the courts allowed twitter, facebook, the other big social media companies to have carte blanche to do whatever they want regardless of tort law and contract law that would other wise stop them from doing so. this is a real travesty, when republicans have the opportunity next, they need to take action, rather than holdings hearings, talking about it, as they have been doing for the last many
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years. stuart: the solution is obviously competition for facebook and twitter, but it is awfully hard to create competition when facebook has what, over two billion daily users. i mean, would you think that this, from the desk of donald j. trump, that is the new platform, from the former president, has that any hope of being competitive with twitter or facebook? >> well right now you know, it is more of a personnal blog or a platform for him to make comments. it isn't really an interactive platform. the problems we see when somebody tries to put up an interactive platform like parler, the other big companies like ibm, amazon that do web server hosting they take them down. so we have a huge antitrust problem with these big tech companies and their size and their reach. we have a problem with this law communication decency act 230 being overbroad, we have a problem with now democrat governments working hand in hand
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with these big tech companies to censor people. we learned in the past month that california's government actually ordered or worked with twitter and maybe other social media companies to take posts down about the november election last year. that is the government working in concert with the most powerful corporations in the world, which have bigger business interests outside of the united states. so you can imagine how dangerous that is when corporations are able to work at the behest of governments to silence political speech that has huge implications worldwide. we really need to look at that as a civil rights issue. stuart: there will not be a solution to this for years. they have enough money to fight it in the courts forever. there is no solution for many, many years that would be my opinion. harmeet, i want to get to this i want your opinion here. sean hannity had an interview, exclusively with caitlyn jenner. just watch this brief clip, please. >> i want to take that same
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fight, that same spirit, go to sacramento, surround myself with some of the smartest people out there. i am an outsider, i understand that. smartest people out there, because now i'm in a race for solutions. i need to find solutions to be able to turn this state around and the hip hypocrisy going on. there is one set of rules for sacramento and another set of rules for everybody else. stuart: harmeet, does jenner's message resonate with enough californians to make her the governor? >> well i'm seeing a lot of buzz out there. i think it is pretty exciting. i personally met with caitlyn jenner recently to talk about these issues. i think she is very sincere. what we are seeing is a lot of disenchantment with the current critical regime in california. that is across the political spectrum. never have so many californians been so disappointed, so disenfranchised. so the recall is unique because
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you don't need 50% plus one of the vote to win. you simply need to win the plurality of the people running. so in that unique circumstance, i think an outsider like caitlyn jenner, just like arnold schwarzenegger before her could be the right person to come in with a name i.d. and the fresh thinking with some support from both parties to win it. this is very exciting. i think she is definitely very viable. stuart: it is fascinating. harmeet dhillon, thanks for joining us this morning. we'll see you again soon. >> thank you, absolutely. stuart: get back to the markets. i've got some red ink, it is not that drastic now, although nasdaq, ouch, down 134 points. the nasdaq slide continues. you're down 1% on the nasdaq right now. turn to susan, tesla's chinese rival will deliver electric cars to norway. wait a minute. wait a minute. you remember the super bowl commercial with will ferrell,
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general motors, how they were trying to push for electric cars in norway. norway has electric cars up the wazoo. what is the significance after chinese electric cargoing to norway? susan: i wonder if norway use the word wazoo? stuart: probably not. susan: they have their own words. the nio selling for the first time outside of china, maybe that will make them a real global tesla competitor not in china. norway as you mentioned, ripe market for electric cars. more than half cars sold were battery powered electric once. nio will launch the new electric suv to norway this year. a sedan next year. it is not just nio, but other china sees start-ups starting northern europe and norway for selling expansion of the electric cars. tesla has to look over their
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shoulder with nios are cheaper and more advanced especially with battery tech. stuart: norway, the richest country in the world, made all their money from offshore oil drilling. that is where they made their money. spaceex hid another milestone. susan: i was watching that, a successful starship landing for once. check it out. >> flight control confirmed as you see on the live video, we're down. the starship has landed. susan: you see? finally successfully landed. this is the first successful test flight for the spacex starship. this is after those spectacular fireballs on landing in the previous tests. many had them rethinking their space fantasies. starship not only landed perfectly, flew out six miles with a belly no and manuevers and twists. seems like all systems go. this starship is supposed to
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take humans to the moon and mars in the future. remember spacex recently won the 3 billion-dollar nasa contract with starship to land astronauts on the moon, winning blue origin who is contending that contract awarding. no spectacular fireballs. i don't know, stu, do you think you want to go up there? stuart: no. i don't know about that, but i find space a very exciting new industry for private enterprise for musk and bezos and the virgin guy. susan: -- a lot of dollars. stuart: yeah, they're the ones who got it. one zoo, this is outrageous story, one zoo canceling an event with the police, claiming it it would divide the community. what on earth is going on in america. we have got details for you though. some big companies want their workers back in the office this summer. does that mean office rents may go back up again? i will ask thor equityies joe
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♪. stuart: that is sixth avenue, new york, the concrete canyons of new york city, that's the office buildings new york city. beginning to see some life. by the way, new yorkers, a lot of new yorkers, are going to be coming back to the office. goldman sachs telling staff to return by june. jpmorgan want their employees back by july. joe scit with us. he is the chair of thor equities. he specializes in real estate. does this mean office rentals in major cities are beginning to go back up again? >> yes. you know, we're probably at that low point. you know anybody who asked me advice in terms of people coming to buy an apartment in new york, to rent office space in new york, to lease retail space in new york, i say the same
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thing, grab them while they're hot so to speak. >> what proportion of office workers do you think will work permanently from home? in other words, what proportion of the office works in the concrete canyons of sixth avenue will not be coming back to the office? >> so much is driven by the media herd mentality. each day the announcement from goldman, the announcement from jpmorgan, et cetera, et cetera, even new york city mayor blast yaw he will make folks back earlier this week, it creates a snowball effect. the other thing that people don't realize helping the offers market in new york, the nation, is what i call the postwar boom. i think we're about to see the greatest boom since literally after world war ii and the '50s in the united states and that boom from businesses is creating demand. be it office space, retail
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space, last but not least, we need theater to reopen on broadway? stuart: will they come back if those office workers, highly, highly paid office workers are paying 55, 60% tax rate on every extra dollar they earn? will they come back to be taxed like that? >> oh, you're going political now. there is no question about it, new york got competition now from texas and florida and as i often say, zoom, the new air-conditioning that made people comfortable to work from a distance but i believe new york is coming back. i think that one of the exciting things, low rents are creating a window for entrepreneurs to come back, people willing to come back at a lower price basis, not necessarily the fancy high-paid guys you just referred to. stuart: okay, last one, you said that office rents are at a low. have you seen any sign of an uptick yet or are we still just,
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parked at the low? >> no. we're definitely seeing an uptick. i think people are being fooled. the same way you saw me last time i was on, six months, magic time memorial day weekend, it already started. we're seeing demand from office tenants coming through the doors. i don't think you will probably say in new york, vornado, et cetera, et cetera, be as cheap as they are right now as a result of the uptick not announced yet, reflected yet, next quarter when you see the ceo's out there, they will be talking about postwar boom i'm calling it in demand for office space here in new york city. stuart: we'll check it out. joe sit, thanks for being with us. we'll see you again soon. let's get back to education. parents in utah erupted at a school board meeting, really
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tired of the school's mask mandate for kids. they are telling them kids have to wear a mask. hold on, ashley, didn't utah end the statewide mask mandate? ashley: they did they met the criteria to do that. all public schools in utah requiring masks through the end of the school year, that as you can imagine is creating a lot of anger. as many as 40 parents chanting no more masks, created such pandemonium at a salt lake city school board meeting earlier this week, not only was the session shut down but the police had to be called in to restore the peace. watch this. >> no, wait we had our citizen participation. >> no more masks! no more masks! no more masks! no more masks! >> i move we adjourn this meeting. >> i'll second. >> have a motion to adjourn and a second.
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all in favor say aye. >> you're going to leave? [shouting] >> stop the mask mandate now! ashley: you can feel that pent-up anger. and of course they were just shut down. look the meeting was held after utah reached the criteria that was required for covid mandates to be lifted but the state health department will not end the mask order for k-12 schools. as you can see parents are certainly not impressed. in fact they're spitting mad, stu. stuart: you got that right. thanks, ashley. the governor of florida, he is not afraid to, as they say back the blue. ron desantis giving bonuses to first-responders. that includes police officers. florida sheriff wayne ivy here to weigh in on that. alaska's cruise industry facing new hurdles just ahead of the summer cruising season
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♪. stuart: it is a chilly and rainy up there in milwaukee, wisconsin. 44 degrees right there. as businesses continue to recover from the pandemic, we've got a local brewery in wisconsin. they found an offbeat way to raise money. ash what are they doing? ashley: well it is kind of like a boosing willy wonka. instead of the chocolate factory, you get a chance to be a brewmaster for a day at the dead bird brewing company in
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milwaukee. you have free rein to try new concoctions. if you can dream it, they say, the brewery can craft it. this is part of a fund-raising effort for the brewery to recover from the pandemic. rather than getting a bank loan, the brewery is looking to small-time investors. minimum investment starts at 100 bucks. for $1000, you can own your own barstool with your name on it, plus 10% off of all of your orders for life. make mine a double, stu. stuart: i think that is very creative. what is wrong with that? good idea. ashley: nothing. stuart: almost like a gofundme, isn't it? ashley: yeah. stuart: all right. ash. the cdc might allow cruises by mid-summer but that would cut alaska's cruising season to just six weeks, that's it. connell mcshane in the port city of seward in alaska. you've been talking to the
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business owners, connell. they're directly affected. is it a matter of survival for them? reporter: it is. some might not survive, stuart, if we're being honest about it. it is all complicated here in alaska. things look a little different than they normal should this time of year in seward port behind me. should be cruise ships right here. there is nothing doing the last couple years. the problem is the u.s. law. the way the law is written, a cruise ship if it has a foreign flag can't travel between two u.s. cities directly. norm pa mali not a problem. canadian 30s are closed because of covid. they can't do that. even if they open up perform, local officials this summer might still be a lot of cause. take a listen. >> if canada opened its borders, we would have rv traveling through, but we would have the ground traffic and takes a while for cruise ships to gear up. they have to crew up the ships.
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bringing people from all over the world to staff up. reporter: yeah, i mean the one saving grace in all of this, it does take time. people might travel in by plane this year. people are already planning to do that but nobody expects that to make up for the lost cruise business. not even senator lisa murkowski who met us in anchorage earlier this week. here she is. >> we had 1.3 million tourists came to alaska by cruise ship in 2019. covid hits, no sale -- sail from canada. what we saw in 2020 was 48. not 48,000. but 48 passengers that came up by ship. think about what that does to the hundreds of small businesses. reporter: there is big trickle down from that, she is absolutely right. tourism is huge here, brought in
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$4 billion plus couple years ago. murkowski has a bill in congress that would grant waiver of ships that avoid the stop in canada. the problem it hasn't gone anywhere. you mentioned, stuart, the cdc guidelines at the top, they might help in a place like florida but here in alaska, if you have that canada problem uninvolved looks like they're in for another long summer economically. back to you. stuart: i was skeptical about the survival of those businesses. i'm not now. if you go from 1.2 million cruise passengers to 48 you got a problem. connell, right in the middle of it. thanks very much indeed. back to the markets, right-hand corner of the screen, some green for the dow industrials. you're up 43 points. nasdaq is still down 80. susan what are you watching, technology? susan: high growth, technology winners, broad selloff in these names. likes of shopifies, teledocs, zooms. twilio down 10% from what iras
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saw. that is a cloud communications company that has done very well during the pandemic. the reason is, if you look at the employment picture, despite the fact that the 10-year treasury yield is still contained, we mentioned this, right, stu, below 1.6%, factor in the jobs market. jobless claims below 500,000 for the first time since the pandemic started. and then friday we're expecting a million new jobs to be haded in april. and that suggests to the markets and to investors that there is this reopening, this back to work theme only going to accelerate from here. do you need to stay home to do your checkups? do you need to buy and shop online instead? stuart: fair point but that's a huge number. we do get the jobs numbers tomorrow morning. are they looking for a million jobs created. susan: close to a million. that's right. stuart: oh. that will be a blockbuster number. we're going to report it first thing tomorrow morning. susan: need for interest rate expectations what does that mean for tapering of stimulus and
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where does the treasury yield go, right? that is what anticipates -- stuart: why on earth, why is the treasury yield down to 1.56 as of right now when you got this, maybe a million new jobs reported tomorrow morning? got to wait and see. take a look at twitter please, they're releasing, this is for you, susan. >> no this is for you actually. stuart: no for you is. twitter is releasing a new, quote mean tweet feature. you have to tell me all about this susan. susan: think before you tweet especially with a mean tweet. twitter says when things get heated you may say things you don't mean. let you rethink the reply, we'll show you the prompt. gives you a chance to rethink about the tweet, asking do you want to review this before tweeting? , twitter will use artificial intelligence automatically detecting mean replies. using expletives in their language.
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twitter began testing the prompts a year ago. 34% of people altered their reply or didn't reply aren't you glad you didn't have social media in the day. stuart: i'm glad i'm not on social media now, back in the day. white house supports facebook decision to keep former president trump off their platform for now. what will kennedy say about that? she is on the show. move over the marine corps. alexandria ocasio-cortez wants to create a climate corps. former energy secretary dan brouillette on that after this. ♪. so you're a small business, or a big one.
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stuart: for our radio listeners, of whom there are legion, the dow up 50. nasdaq down 75. not much change for the s&p. the price of oil, like to tell you about that. i believe we're up to 60 -- okay, we're down to $65 a barrel. that is not stopping the the pre of gas going up. your national average 2.94. getting close to $3 as a national average. as you tell you every day, 2.94
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is $1.15 above where it was this time last year. how about that? aoc, alexandria ocasio-cortez, pushing for a new climate corps. it woe have people work on federally fundeduillette joining us now. do we need a taxpayer-funded climate corps. >> stuart, great to be with you, the answer is clearly no. important for what our screwers is understand, what this is not about is climate change. let me say this is not about climate change. this is creating voters, jobs, amount public financing of elections and re-election for democratic candidates all across the country. stuart: what climate action would you want to see if any? action to affect the climate, to stop the temperature rise? are you in favor of any kind of action at all, if so, what
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action? >> sure i think we have to address some of the issues that we've seen around the world, stuart. we've done exactly that. the energy industry in fact has led the efforts to produce cleaner fuels, to adopt technologies like carbon capture, utilization and sequestration. those types of innovative technologies need to continue to come to market. they're being done today by the private industry. so it is important for us to continue to incentivize that type of activity, not criminalize it or deincentivize it. stuart: i thought you were going to say natural gas? i thought that is the answer to global warming or climate change. i would have thought that was the answer because natural gas has helped america cut its co2 emission levels back to 1992 levels. >> that is exactly right, stuart. that is part of that that is the cleaner fuel i'm referring to. obviously less carbon intensive than coal or perhaps wood which is used in developing countries around the world. to the extent we continue
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production here in the united states, and importantly build infrastructure allows us to export the clean fuel around the world we'll address these issues of climate change effectively. stuart: last question, it is a throwaway frankly, the green new deal, is it absolute catastrophe in your opinion? >> oh, absolutely, there is no question about it. there is nothing in there that addresses the real issues we face both in energy production or in climate sequestration or carbon sequestration i should say. as i point out these are effort by some in congress to move funds, move money into districts that they control for the purposes of their own re-election. that is what they're doing. let's call it what it is. stuart: you just can't have anything to do with fossil fuels, can you, stay on the right side of the climate crowd. you can't touch them with a 10-foot pole. afraid we're out of time. coming up on 10:56. flat-out of time. dan brouillette, thanks for joining us. >> thank you, stuart. stuart: thank you very much,
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stu. coming up the 11:00 hour it will be a big one. we have kennedy, dan heninger, carol bass skin of the tiger king, she is into cryptos, king of nascar, richard petry. -petry. what a show. i predicted a baby boom, but we have a baby bust. a decline in america's fertility rate. after this. ♪ some say this is my greatest challenge ever. but i've seen centuries of this. with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;)
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we have a very small chance of that. we will have it just right tomorrow. >> earnings have been off the charts, stocks are sagging. >> 40% of businesses say the hardest thing they are doing is finding people to take jobs. businesses do have to bid of their wages but they shouldn't be bidding against the federal government. >> a rough year coming out of
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it, we have to open up. the supplemental pandemic unemployment benefits paying people to stay home. >> we can't handle giving out free money to people who won't work. ♪♪ freedom ♪♪ freedom ♪♪ stuart: good morning. straight to your money, the dow is in the green, the nasdaq is down again, 13,000, and a 10 year treasury yield, one.56%. 156 is the 10-year quote right
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now and now this. a year ago with everyone still locked down i predicted a baby boom in 2020, i was totally wrong, we got the opposite, a baby bust. the lockdown separates us, kept us apart and the economy's plunge did not help childbearing sentiment, 3.6 million births in america last year, the lowest and 1979 even though the population has increased by 100 million. this means the trend towards an aging population has accelerated and that means more older people receiving benefits with fewer younger workers to pay for it. that is an economic and political challenge big time. what are we up to right now?
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the economy is booming, we are flush with cash, the family plan includes tax credits for parents plus universal pre-k. people call that free childcare and we are no longer separated by lockdowns, we come together. we do not know if all of this is enough to turn around the long-running decline in america's fertility rate. if we are richer, economically more secure and definitely able to mingle again you think the birthrate would pick up by christmas. an aging population has be devil europe and japan, a problem we don't need here. america, go forth and multiply. the third hour of "varney and company" about to begin. big tech censorship yes indeed, twitter suspended donald trump's from the account desk
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account, facebook upholding the battle of the present, listen to what the white house is saying about it? >> the president's view is the major platforms have a responsibility related to health and safety of all americans to stop amplifying untrustworthy content so his view is more needs to be done. stuart: more needs to be done. kennedy with us this morning, free-speech is under direct attack. >> i want her to define disinformation and misinformation because they are operating like they have objective standards for what is offensive and harmful. what that means is a political point of view that is offensive to them.
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that's not the same as someone tweeting something our messaging something that will galvanize a group of people in tend on doing physical harm. they are not in the mood to apply uniform standards to people like maxine waters and there are a bunch of people saying stupid stuff all over social media. that is the point of social media, they can't get fantastic tv jobs like us. they've got to use a different kind of bullhorn. stuart: i like the way you lean into the camera. we just received twitter statement as we reported twitter will not allow from the desk of donald trump, as stated in our ban deviation policy we taken force and action, whose apparent intent is to replace or promote content affiliated
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with a suspended account. what do you make of that? >> it is stupid, lots of people want to hear what donald trump has to say. a lot of customers are being underserved, i was surprised by the continued facebook ban, journalists need donald trump as their bogeyman, they need him as this evil entity to go after, and every time he cuts his bat signal they pick up on that and that is their story, they don't have to do any research or real work. i am surprised journalists are not putting more pressure on twitter and facebook to bring him back, the actual vetting is very toxic. stuart: we need to discuss the presence of woke employees and their influence on big business, a new poll shows 60% of people in georgia oppose
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companies getting politically involved. that is really good sign. i don't want to see companies dancing, and and -- and they are loud and annoying. they bring everyone else in line with the correct way of thinking and i would but a lot of progressives like aoc in that category who talk about congressional committees that would make sure people who are not tweeting out the right speech, this is incredibly dangerous and if you want to dance to the tune of propagandists you're going to be dancing on a path to hades
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which is sad for you. stuart: i find it amazing we reached this point in america in 2021. you got a special on foxbusiness tonight on the cancel culture. what is that about? >> that is right. you touched on something important, that is free-speech because free-speech is directly under attack and it is that idea that if you say something wrong according to a group of people who have set a very narrow set of their orthodoxy, their standard, if you violate that then you are bad person and if you're a bad person you need to have your livelihood and reputation taken away from you and it is the same thing that happened with mlb in georgia and other companies, other individuals you read about every single day. the mob is activated and lives
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are ruined, no grace, no process, we have to look at that at 8:00 pm eastern time on the foxbusiness network. stuart: 8:00 eastern, 5:00 pm pacific, foxbusiness, cancel this with kennedy. do you remember if this? who could forget? the shrimp on the treadmill. that was an earmark. you know it cost taxpayers close to 700,$000, from on a treadmill. earmarks is the news, they are back. hillary vaughan on capitol hill digging into this. what is this about, a yoga program in new jersey? >> that's just one of these community projects that lawmakers are trying to get funding for as part of president biden's infrastructure package. if house lawmakers have their
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way the trillions of dollars biden loves to spend on infrastructure will get more expensive for taxpayers if these projects are approved. i want to go through the more unique project. you mentioned the yoga studio, 436,$000 for meditation and restorative yoga program in new jersey. here is another request, 742,$000 for a program featuring inclusion and healthy discussions around difficult issues such as racism, gender discrimination and cultural bias in new york, a quarter of $1 million for expansion of the michelle obama library. 166,$000 for development of an equity and inclusion program at lincoln university, $3 million for a smart phone apps to track a bus's location. $1.8 million for lgbt q affirming professional medicare medical care in virginia and digging through these and found
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some new ones you might like. i found a request from congressman gonzales, he wants 400,$000 to pay to put toilets on a hiking trail and found another request from congressman our green in texas for $6 million for a gandhi museum. stuart: we did know that it was coming and spell that out, hillary, thanks for joining us, see you again soon. >> let's get back to the markets except the nasdaq which is down 120 points, susan is watching, has it turns around yet? >> slightly. after that $4 billion loss there is a lot to make up for. the voluntary recall of its treadmill, bank of america downgrading the stock calling a hold worth $100.
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we have uber with great numbers in the first 3 months of this year, losses did there are dramatically. the uk driver as employees. the business during covid and it has 2 for months. also going the opposite direction. have you been practicing, pay all your cool cats and kittens for carol baskin. >> and so she is on the show. a half-hour weight. here we go.
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carol baskin, the tiger king lady has launched her own crypto coin and she is on the show maybe half an hour from now. president biden makes a lot of gaffes in front of the cameras. role tape. >> all men and women created -- you know -- donald trump doesn't understand healthcare. the former general, i keep calling him general, my -- stuart: despite all that, a new media poll shows the media gives him less negative coverage than any other president on record. we've got the story. some politicians, ron desantis gave cops a bonus check, the message to first responders after this. ♪♪ he got to be strong and he's
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>> if you look at what a lot of these police officers are dealing with now it is terrible. i thought it was important to recognize the service, the sacrifice, we need to do bonuses for law enforcement. someone -- want to defend the police, we are funding the police and then some. stuart: the governor of florida announcing $1,000 bonuses for first responders. let's bring in the sheriff of brevard county, florida. i take it your office in your
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county police officers got $1,000 each as a bonus. >> that is correct. the governor when he first announced in the beautiful city of satellite beach, chief pearson our governor takes care of law enforcement officers, has done it from the beginning and we are extremely excited, all teams have been working hard on the front lines this pandemic and we are proud of him for doing this. stuart: elsewhere in the country police forces are facing a retirement crisis, there is a rush to the exit, get out of dodge while you can. what is it like in your county? have you got a strong retention rate? >> every agency is facing some type of dilemma to recruit and retain quality law enforcement officers. we are pretty blessed and don't have scenarios playing out like new york with 5300 to get away from what happened but a big reason for that is we stand by
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our law enforcement officers, hold them accountable when they do something wrong but when we do it right we don't allow people to trash them and go after them. we are very blessed coming in our community our community loves us, trusts us and protect us like no community i have ever seen. stuart: something on-screen our viewers out to see. ice deported fewer than 3000 illegal migrants in april, the lowest monthly deportation total on record. last time you were on the show your county was being negatively affected by the border even though you are in florida. update that. >> every community being impacted by this. i encourage citizens to go to protectamericanow.com, a group of sheriff's plate defunding the police, illegal
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immigration, all of this. last month in our community alone we have an individual who has been deported four times, massive amounts of drugs, firearms and everything else. all the resources, to the border to fight the crisis out there, deportations down, this is not common to brevard all over the country in communities, it doesn't stop at the border. stuart: good to see you again. the support you need, want and deserve. thanks for joining us. the new orleans zoo canceling their police promotion, that is germane to the interview we just did. i want to hear more about this.
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ashley: they are canceling the blue at the zoo event because of concerns it would divide the community rather than bringing it together. the events was meant to promote positive interaction with the new orleans community. what is wrong with that? in this politically correct woke world, i quote this, stands firm in its support holding law enforcement accountable for any and all unethical and unlawful behavior. the new orleans police chief calls the cancellation a disappointment. i will call it pathetic. stuart: i am with you. you don't do that kind of thing. you've got this one. a couple of popular theme park
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sending temperature checks, which are we talking about? ashley: disney world will start dropping temperature checks this weekend, for cast members saturday and guests beginning may 16th. universal studios in orlando hanging temperature checks and producing social distancing from 6 feet to 3 feet, face covering still required at disney world except eating, drinking or taking photos outside, facemasks also required at universal, we are not totally clear yet. disneyland is operating at 25% capacity, they are behind the time. see world is relaxing that. stuart: i will steal your word. that is pathetic. the cdc says cruise lines could start offering trial runs.
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what is that about? ashley: within 30 days or longer, i will volunteer for this one. released guidelines for cruise ships take simulated voyages to volunteer passengers as part of its traditional sailing certificate application. it is also red tape and bureaucratic is it not, first possible test sailing cannot happen until at least 30 days after a cruise line notifies the cdc so won't be until june at the earliest but there is an alternative. guaranteed to the see the 90% of the crew are vaccinated and verifying 95 has said he clearly vaccinated, maybe harder than it sells. all the major cruise lines have been unable to sail from us ports because of the pandemic way back to march of 2020.
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they've gone elsewhere around the world but little bit of hope lies in. >> just a little bit and that is it. thanks very much, got the dow up 100 on the right-hand corner. how about the vaccinemaker not going so well. according to the cdc more than 70% of people 65 and older are now fully vaccinated. we are doing an average of 2.1 million people getting the jab every single day this week but because we are giving away the intellectual property behind these vaccines that is why the vaccine makers are down across the board today. the ratings are in and the derby, the kentucky derby has 4 million more viewers than asking, the derby did indeed have big crowds and no
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politics, new study showing the family plan will cost $700 billion more than the white house estimated, wall street journal guide dan heninger says they are killing the american dream, can't living it. they are killing it. make his case after this.
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coverage you need at a price that will make you smile. from humana, a more human way to healthcare. stuart: jerry gensler is going to testify at the top of the hour, his first testimony, edward lawrence in washington has seen his testimony, looks like new regulations for robin hood, >> that is what they will be talking about, about game stop. gameif, buying and selling
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stocks, and theme stocks, contrary on your phone when it goes through. beyond that, and push notification, social trading, and would influence trading decisions. he directed staff, and whether standard enforcement mechanisms. and to be disclosed from hedge funds and investors, the ncc will look at payment flows for order flows. that is all about today's topic. the sec could regulate bitcoin if it is ets, market watchers will be listening for any questions and answers to see the sec would allow the etfs to go forward.
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dogecoin in this hearing. stuart: i can't wait. if they mention dogecoin does it go up or down? we will find out. thanks very much. the dow is up 120 points, 33,351. here's the headline from the wall street journal. democrats are killing the american dream, the american families plan increases individual striving with middle-class entitlement. dan heninger is joining us. i am living the american dream, you say democrats are killing it. make your point. >> they are trying to kill it. the torrents of biden legislation comes so fast it is difficult for people to focus on. we should be focusing on the recently proposed american families act. look at the pieces of this
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legislation, there are four likely national long-term entitlements, one federally paid for free kindergarten for two years, federally paid for child care, federally paid for family and medical leave and federally paid for four years of community college. why are they doing it? they are doing it because democrats, progressives argued for a long time that there has been wage stagnation for the middle class in the united states since the 1970s and you need something like income replacements to help the middle class survived. they blow past the reality that from 2016-19 under the policies of the trump administration the economy grew, 6.7 or 8% in 2019
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alone, even more for black, hispanic and other minorities but make no mistake these are not temporary programs, they know the cost as they do for medicare and medicaid will need to be financed by something more than corporate taxes or taxes on the one%. as in europe they will be financed by value-added tax or medicare increases in the payroll, it reduces the idea of individual upward mobility, individual striving, enterprise in the united states, and as an alternative to individual striving. >> it is all about individuals, trying to climb the food chain using talent and ability to get to the top. that is what it is all about. i will change the subject.
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we have a poll that shows the media is giving president biden less negative coverage than any other president. the media will never get over its hatred of donald trump, will it? >> >> it is, the media has become, actively partisan political player, they no longer present the facts, they are social justice warriors, it is a kind of goodness out there, it will be achieved through public policy, the goodness is defined by the policies of joe biden, and much of the media, with those political and ideological ideas. no surprise joe biden is getting this criticism from the
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media and doing precisely, taking the country in the direction they want to push it in. and so few outsources, that was a process going on before trump, it got worse during the trump administration. with biden it is worse than ever. stuart: thanks for being here, see you again soon. a left turn here, a chinese rocket is falling towards earth, it is out of control. new information on where it might land and we will share that information with you. you know her from the netflix show tiger king, role tape. >> are you cool cats and
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kittens, carol baskin from big cat rescue. stuart: the tiger lady is going into the crypto markets, she will explain it all after this. ♪♪
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>> it is carol baskin from big cat rescue, liens are exploited every stage of their life cycle, as cups for commercial petting, corey for canned hundred, there are thousands of clients in their facilities and the whole enterprise constitutes the most outrageous forms of cruelty. >> carol bascom turned herself into a star on the netflix it tiger king, she is with us.
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you are launching a new crypto currency. is it an actual currency. >> i'm as happy as a lion with a bone over issuing this. it is a way for all big cat rescue workers for special perks they will get if they are coin holders so i encourage everybody who loves big cats to join us and get the big cat coins. stuart: a lot of people thought dogecoin was a joke and it was found that is a joke, you will face the same criticism. stuart: people of to criticize me as you gathered over the past year. from cat rescue groups, some way to fund the things they are doing. it could turn into something
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later on. that is what it is right now. right now it is a token for people to show their appreciation for big cat rescue and get special perks. stuart: of high bot into it, if i buy into it, who gets the money? >> the money you are paying into that goes to rally.i/o. i'm not doing this as an investment or pull money out of the system. what i am trying to do is get people excited about crypto currencies and nfts, we've been trying to do this, the market wasn't ready for it. now i think it is. mainstream media is talking about these cool ways we can gather online in virtual environments and that is what i see it as, a membership point to get you into that group. stuart: is their second season
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coming for tiger king? >> i told them to my number. tiger king was not what it was sold to me to be. my producers told me they were working on the blackfish for big cats, something that would expose all of the abuse cats go through when they are bred to be paid to play props and instead it was the dumpster fire people found so entertaining that the tigers were the real losers in tiger king because their message was left on the cutting room floor. stuart: we will wait for your special coin. i can't pronounce it but we will wait for it and we will be interested. there you go. thanks for joining us, we appreciate it, see you soon. by the way, we just got a new teaser for another hit netflix
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show, stranger things. role tape, the teaser please, roll it. >> if you are listening. stuart: that is a teaser. no word yet on when the season will be released but it is coming and there is the tease. look at this, a space x rocket, a successful landing, didn't blow up. it was a critical step for the future of space exploration, tell you all about it in a moment. nascar just unveiled its brand-new next-generation race cars, calling it the biggest change in 15 years. i will ask richard petty all about it. he was on the show next. ♪♪ ♪♪ maybe i love you
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at the indianapolis motor speedway, that is on your screen, what we are looking at, 50 degrees and cloudy. we are going to talk about car racing in a moment, take a quick look at this was more people watched that than the oscars. 14 million watched the big race, 10 million watched the oscars. richard petty joins us now. seems to me people want to watch live events with no politics and that is very much in your favor. what i want to ask you about these new cars. what is the difference between the new cars that are unveiled yesterday and the old cars? >> the basic deal, the cars that have been rented are stock cars over appear go of time, over a period of years, staff trying to keep up with new technology and all that and the cars we are running right now,
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got too old that way. nascar decided to turn the table over and make a completely different chassis, strictly racing. this year, more stock looking bodies than in the past. the big deal is independent suspension and a lot of different things everyone has in their car video eroding, new technology to get into the technology age. put in the cars, or toyota, they look like cars. nascar is stock car racing we got away from the stock car
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look also. and a good-looking car, the race and chassis, and independent suspension is going to be completely different. stuart: will you get to electric race cars? >> i hope not. probably not in my lifetime. they are getting carried away with this electric deal and all that saying everything is going to go electric. if they don't have oil and stuff out of grounds where will they get the steel, plastic, where are they going to get all this stuff to go electric? it will be a long time before they get it all figured out. stuart: the new cars that have been unveiled they have on
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screen, are they faster than the old cars? >> the basic deal is speed wise, nascar has mandated in the last few years cars run under 200 miles an hour, they control that with engine size, horse power. one time, 850 horsepower but back then around 520 horsepower, they control the speed with the engine. cars won't be quite as aerodynamic as they have been in the past but if everybody is playing with the same ball, it is okay and that is the way they are looking at it and looking at a lot of neat people coming in because it is a complete change, and starting a new era. stuart: richard petty, you are
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a legend in the racing industry -- and by the way -- so have i. watch the goodyear 400 on sunday, starts at 3:30 eastern on fox sports one and the fox sports apps. what country do most americans have ancestors from? that is a good one. i will guess, we will tell you the right answer after this. sure, about this? experience capability, crafted by lexus. we're good. the remarkable gx and lx.
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stuart: this was, i found an intriguing question, what country do most americans have ancestors from? before we show you the answer, bring ashley into this to see what he thinks. ashley: yes? stuart: my guess was the united kingdom because the english have been in america for a very, very long time. what was your guess? ashley: i would say ireland. seems everyone has irish in their ancestry. go to ancestry.com, seems everybody has irish there. i say ireland. stuart: do the great reveal. what country do more americans have ancestors from? germany. how about that.
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40 million americans claim german ancestry. 30 million say they're irish. listen to this ash, only 23 million say they have english ancestry. that really surprises me. how about you? ashley: i think you could go on the street ask anybody that same question, i think hardly anyone would say germany. i find that absolutely fascinating. thank you, ash. quick check much markets. the dow up 173 points. 34,400. how about that? earlier we hit an all time record high. i think we're pretty much at it right now. 34,000, 400. way up there. the nasdaq composite absolutely dead flat. 13,500. remember not too long ago big tech was pushing the nasdaq
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above 14,000. you're all the way back to 13,500. how about that? not much change for the s&p but it is at the 4180 level. remember this program in the past, a lot of people are saying it will go to 43, 4400. we'll see about that. "friday feedback" is tomorrow. email us in your thoughts, questions, videos. send your thoughts to varneyviewers@foxbusiness.com. time's up for me. neal, it is yours. neil: i thought italy would be in that mix but i guess it's not. all right. maybe a lot of fellow italian-americans don't admit it, i don't know. but thank you, stuart, very, very much we're following all of the developments. i don't buy that survey one april oat at that. corner of wall and broad the dow is in record territory after doing pretty nicely as stu pointed out. nasdaq pretty flat here. the good news on the jobless claims front, first time we're below half a million

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