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tv   Varney Company  FOX Business  May 14, 2021 9:00am-12:00pm EDT

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elsewhere as the company celebrates the end of mask wearing her vaccinated people expecting theme parks to get a boost. a big thank you for joining us this morning. we will see you soon. have a wonderful weekend, see you tonight on wall street and sunday morning live, fox news 10 am. varney and company begins right now. stuart: have a great weekend and good morning, everyone. that didn't last long, did it? after a nasty today sell off a recovery in progress continues as of right now. we may open higher but don't know how we will close. look at the doubt, up 130 points at "the opening bell" and the nasdaq strong gain up
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134 as things stand for "the opening bell" but yet again elon musk is part of the financial picture. overnight he tweeted support for the dogecoin and it went up 12% in a matter of minutes. the latest quote is $0.53 per coin. bitcoin still languishing at 50,$000. musk, the genius, musk, the showman, musk, the crypto manipulator. confusion today around mask wearing and proof of vaccination. the president says we don't need to wear a mask outside or inside but in some states and cities the mask mandate remains, we don't know we will be asked to prove we have been vaccinated when we go maskless.
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half an hour ago we got the latest retail sales number and changed compared to march but april's number was up 51% from april of last year but we were all locked down. throughout the show we get into the crisis facing the administration, mike pompeo on the escalating violence between israelis and palestinians, did the biden team make a mistake going back to the nuclear deal with iran. you will see more exclusive footage from the border showing migrants streaming across with cartel coyotes clearly leading the way. the main story is money, recovery for stocks and casper cryptos. friday may 14th, 2021, "varney and company" is about to begin. ♪♪
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stuart: let's get right at it. the story this morning is recovery, we have a rally this friday morning but remember the doubt and the s&p are still down but we expect a strong opening. if the selloff is over is it up from here? >> lots of pressure with the russell names. they were teasing down 9% at the correction level. what we are see going into the summer, the macro data.
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you will see a lot of that but what was interesting yesterday we saw a lot of action in utilities, they were the strongest performer of 2% but that suggests that is the place, nothing sexier exciting about that and people would pile into that as they continue to be concerned about what is coming down the pike. to me that suggests a going bargaining hunting, they are on edge about what is coming up next. stuart: how about removal for the mask mandate, you are vaccinated, don't have to wear a mask indoor or outdoors, is that having any stock market impact? >> not so much having stock market impact. we've been down here in florida because we are without masks for a while except for places that require a private business
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but down here, people living and working without masks on a general basis than other parts of the country, they are all wearing masks so it is a mixed message we are getting from the administration. you saw them in the oval office, they've all been vaccinated and all have masks on so it is a confusing message. that's not playing into the rally at all stuart: thanks for joining us this friday morning. you got to get to it. it is rallying. you can see on the screen dogecoin has elon musk written all over. >> the dogefather proving he is
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the whale in the crypto market, rallying dogecoin by 30%, he said i'm working with dogecoin developers to work with crypto exchange coin base also making news thursday and helping dogecoin prices to offer dogecoin support in the next 6 to 8 weeks. i should also note that tesla denied testing bitcoin for their cars, this is, you might be one of them, what exactly is the underlying motivation for elon musk who is a big investor in dogecoin, investors at coin-based, 60 million traders, pretty bullish if there is more access given. stuart: don't understand what musk is up to.
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why is he doing it? does he just love the publicity? >> you also have dave for toy, the best inside trader because we know he invests in bitcoin and dogecoin. he helped single-handedly lift the price, gains at the end of the day. stuart: is he talking up his own book and moving the market? it is a fair question to ask. the cdc says vaccinated people can ditch their masks in most cases, role tape. >> get vaccinated or wear a mask until you do. if you are vaccinated, the unvaccinated people, if you are not vaccinated you should wear a mask for the protection of other unvaccinated people. choice is yours.
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>> let's bring in doctor mark siegel, are you carrying vaccination card with us wherever we go. >> with case numbers going down for the last 7 days, the lowest they've been in 9 months, more people vaccinated, 60% had a shot already and the news that caused the cdc to change this and should have been weeks ago they changed this, almost impossible to transmit this virus if you've been vaccinated even if you come in contact with someone who isn't, the vaccine works, stops transmission is enough of this punitive tone from the president and everyone else, no way they should be making a police state out of this, time to remove the mandate.
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if they remove the superimposed punishment for treating everyone like children they will get more vaccine compliance. stuart: that depends on the state, not president biden. where does that lag? not even one shot. stuart: i want to reach out to the group that got over covid because most of them are immune for a period and if you get antibodies against covid. i can't even vaccinate you for months. and add to that the shrinking amount of cases, we are getting into a good place. what about kids under 12, and
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schools should be open and businesses should be open. of the business wants to stay in quote as with poor ventilation we want you to wear a mask, fine. we shouldn't be policing people right now. stuart: 3 words missing in the president's presentation are thank you, donald trump. what do you say? >> i completely agree with that. this vaccine came to fruition with an unprecedented partnership between public and private, never been done before, vaccine manufacturers don't put billions of their own money on the line, the government backed it, got the pharmacies involved, the us
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military, it would do a lot for unity if president biden would admit that. stuart: don't hold your breath, doctor mark siegel, thank you for joining us, see you again soon. we are telling you about states offering incentives to get the jab, $1 million, free beer, donuts and so on but mayor bill deblasio thought the show and tell method would work best. >> if this is appealing to you think of this when you think of vaccination. vaccination. stuart: okay. starting thursday new york city residents can get a voucher for a free shake shack burger when they get the jab, it is like a food truck that vaccinates people and through june 12th people who get the jab and show proof can get 3 fries for a burger or sandwich. that is new york city. check futures, where are we going? we are opening up in 20 minutes and going up, plenty of green this friday morning. pipeline has recovered their
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stolen data. they forked over $5 million in bitcoin. there is a story in and of itself. that means friday feedback, at the end of the show we may be answering your questions. ♪♪ ♪♪ that's not my name ♪♪ that's not my name ♪♪ that's not my name ♪♪ ♪ ♪ ♪ ♪ ♪ ♪
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crowds will come later. futures, the market opens friday morning on the upside, looks to me like the recovery continues this friday morning but don't know how we will play this, we got retail sales numbers of this morning, no change in april compared to march. why no change? i thought this was a rocketship economy. >> it is a rocketship economy on sunny friday especially with the market up. there's a couple things going on. february was the polar for tax, the whole state of texas was closed. that help things down. in march the stimulus check hit. vaccines reached a critical level, states opened up. we had the 6 coalition, one of
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the biggest month retail sales in history. one thing for people to think about is stimulus, if i go from february at 0 to march at 100 then we have this big boom. and what no increase, stimulus money is out there. and this is still going to be an open up year and a strong growth economy. stuart: got it. hold on, i want to divert attention, the pipeline at company paid ran some and paid in bitcoin. tell me more. >> reports say the colonial pipeline paid the ransom a few
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hours, it shutdown preemptively to keep the ransom where from spreading across the system. interesting the press secretary, the recommendation of the fbi do not pay ransom but colonial did. you want untraceable access, that is the choice these days, crypto, it might mean a closer regulatory scrutiny and clamp down on bitcoin in the future. stuart: that is warranted. if you are ransoming with bitcoin of energy supplies across the eastern seaboard something is wrong. this is unbelievable. are the authorities going to do nothing? we are held to ransom and they pay in bitcoin, untouchable crypto currency? >> paying ransom, it is our
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belief that paying ransom, one thing about bitcoin, filling the bag, with $100 bill, invisible ink on them and take the serial numbers and then somebody is spending it. they track those people down, in the system it is gone. what i don't understand is why we are not cracking down. do we really not know where these people are? we can't track them down or get russia to help us, there's something wrong with our foreign policy if we are not going hard after people like this. stuart: that would seem to me to pose a risk to bitcoin, if
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they did go hard on this crypto there would be hell to pay in the price of bitcoin i would have thought. bitcoin is to let 50,$000 a coin. good stuff today. we are out of time. look at this map, places like dc, north carolina, 70% of stations in those areas are without gas. what do you say? >> we heard that from the colonial pipeline when they restarted at 5:00 pm, gas buddy, the most affected areas. georgia, south carolina, 50% of gas stations, florida, maryland, looking at $3 a gallon to fill your gas tank,
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if you can't get gas makes you wonder how many people are driving as you head into the start of the summer driving season. stuart: still meeting lines. thank you very much. president biden refuses to say if he knew about the pipeline's payment to the hackers. watch this. >> where you briefed on whether the company paid the ransom? >> i have no comment on that, thank you. stuart: former secretary of state mike pompeo is here with his response to the bitcoin. it is a recovery from the deep selling. will it end like this? we will be back. ♪♪
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stuart: we are going up at "the
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opening bell," some green, show me big tech, how they are doing pre-market today, up again across the board, show me some winners from yesterday's report, air b&b and door-dash. mark likes air b&b, currently air b&b is priced to 135, 136 right now. what is your target, what is your target price? >> the 190 range. with the recovery i will see acceleration and bookings and revenue, this company recovered 2019 levels. something is different out of accommodations. they are pushing towards accommodations.
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we like the stock here. stuart: in full disclosure do you own air b&b? >> i don't. stuart: the same with store -- doorand theash. you like about $124 a share. what is your target? >> it has been a huge covid winter growth rates skyrocket a growing north of 200% year over year, coming out of the crisis, with normal eating routines, on the growth rate here. to see how well the company could grow as it goes to the top quarters. stuart: you are talking about profound changes in the way we live our lives as we come out
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of the pandemic, air b&b is favorable, this is fascinating. >> a bunch of stocks, a few structural winners, bleeding tech names, amazon, facebook, google, they are the exception rather than the rule, most were neutrally impacted. if you can find winners still trading at reasonable valuations that should be the top pick if you are getting more speculative, consider air b&b. stuart: that was fascinating. thanks. you have the unique ability to get what you want to say and pack it into two minutes. that is the priceless talent in television. you could do well in television.
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have a great weekend. "the opening bell" is about to ring, 25 seconds. when the the futures market, we are in for a solid rally at the opening bill. remember the dow is up 433 points. quite a recovery from the selling of tuesday, wednesday and thursday, so we bounced back. the bill is ringing. into second we start trading and i believe the bounce back will continue at "the opening bell". put the caveat in all the time. where up 192 points, 34,200 is what we reached as of now. the s&p 500 on the upside, the gain is 3 quarters of one%, 4100 the s&p. the nasdaq to the tune of one%. as the big tech, the recovery
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continues, the open higher on wall street. read them on screen. amazon and facebook all rallying. 227, susan, show me the reopening, they should be big on a day like this. >> on the top of the 500 rally, it is a reopening like the homebuilder, travel stocks and proxies and economic growth, reopening in the economy. they saw the spike that reflected the rally, the cdc lifting mask mandate or vaccinated individuals and that means we could get back to normal sooner than anticipated. have you looked at the fine print in the cdc lifting the mask mandate.
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localities, you can determine your own role. that is a problem here. stuart: we can get rid of the masks indoors and outdoors but has that had much impact on the market? i don't think it has. >> look at all the green on your screen but let's say you walk into an office building, keeping the mask mandate in place, that the lift the mask mandate according to federal regulation, looking at the broader theme, positive for the stock market. >> let's look at disney. 3.8%, weaker than expected, disney plus, that is april 3rd,
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the theme parks open, stocks down 3.8%. it is 200. >> for walt disney, part of your distaste for the wall street expectations game, and after 18 months, netflix charging $14.99. if netflix is showing down, it is a problem. >> the expectations game, down 3.8% after $200 not long ago.
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the driver shortage did not affect doordash. >> stimulus checks helping the bottom line. they chose to stay home instead. the sales forecast ordering food at home. stuart: stock usually goes up. show me snowflake, down 50% in
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early december but hold on a minute. goldman sachs comes in, says they will upgrade snowflake to a buy from a neutral, that word from goldman puts the stock up 3.8%. >> it is worth 275, you do the math, you are better without a calculator. >> $80, and electric carmaker up 14%, they got a deal, to develop electric vehicles, in 2023, all of that wrapped up together, stocks up 14%. dow winners on screen, the dow up 170, salesforce, microsoft, apple, chevron, s&p winners, who are they? we've got them. holly frontier -- i don't know what they do but top of the list. s&p 500.
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i'm not fast enough to google them to find out. nasdaq winners, facebook, microsoft, ebay, apple, anything strike your fancy? >> i like the fact that big texts are recovering. we lost 5% of the nasdaq in one single week and that was only wednesday. recovering a lot of the losses, the bargain-hunting taking place, i can show you coin base who had their first earnings reports and lifting last month and record profit almost 60 million users on this platform, facing a significant rally, for other crypto currencies with revenue trickling at offering dogecoin, have you ever tried coin base?
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the fees are really high compared to other competitors. a lot of people criticized coin base for that. is it competitive in a market where you have more interest to allow people to trade crypto? stuart: i have not tried coin base but i believe coin base is very happy with elon musk. >> i was like wow stuart: you went on coin base, don't know if you bought any crypto but you are telling me the fees are one% would you put in? >> one% of that is almost $200 or 150 and transaction fees. who could pay that? stuart: i will stick to the discount brokers. we are moving on. here is what is coming up. ellen degeneres calling it quits, ending her show. she insists talk to toxic workplace allegations have nothing to do with her decision. role tape.
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>> do you feel you are being canceled? >> didn't understand it. i still don't understand it. too coordinated. stuart: adam joins me in the 11:00 hour. looks like donald trump hitting the campaign trail, he will hold 3 rallies next month. who leaves the republicans into the 2022 elections. is down 160.
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that building you're trying to sell, ask your doctor a- you should ten-x it.y. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything.
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we are just getting this coming at us. house republicans have picked police stefanik for the number 3 leadership role that replaces liz cheney. donald trump congratulating her. congratulations to elise stefanik for her overwhelming victory. the house gop is united and that make america great again movement is strong. donald trump has three rallies planned in the coming months. he still seems to be leading the republican partyarty flat . not all congressional republicans are on board with that. come on in, is donald trump leading the party into the 2022 elections, not 2024, 2022. >> donald trump got 75 million votes and is a huge factor in our party and people across the
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country i say look at his policies, what he did with the vaccine, the border and all of them being dismantled with israel, we are seeing that emotion under president biden, people are wishing we had republicans back in office to keep those policies in place. stuart: can i summarize a lot of people tell me? a lot of republicans don't like the man, the persona, donald trump, but they love his policies. that is what a lot of people say to me. what is your response? >> it is across the board but i hear people every day say he thought for us, gave us a voice, somebody who listened to the average voter and phosphorous in washington and now they feel their voices are being diminished under president biden as we saw the terrible jobs report, union jobs being lost, a limitation of the keystone pipeline, families who don't have their kids in school, in person
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learning and they are hungering for the time when they had a leader who fought for average americans that has been lost under the biden administration. stuart: liz cheney is out saying it is time for republicans to move on from mister trump. role tape please. >> you have to get people to vote for us and we can't do that if we are party based on a foundation of lies. what the former president is doing is dangerous. what is important is that we make sure the former president because we know what he is capable of and what he continues to do and we know how important it is for us to advance republican ideals that we make sure he never gets anywhere near the oval office again. stuart: your response to that please. >> it shows why she was in leadership, she's not talking about 2022 and how to take back the house and the senate.
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we should all be talking four seats from taking back the house and the chamber, when you are seeing a border crisis, gas shortage crisis, crisis in the middle east, terrible policies he's putting in place makes it more imperative than ever that republicans especially those in leadership talking about how we you win in 2022. 2024 is a long way away. i'm thinking of 2024. stuart: got it. appreciate you being here always. stuart: the dow is up 430 yesterday, 16 minutes of business, we are up 255. that is a remarkable turnaround in the space of 24, 36 hours.
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look at air b&b, they are up against this morning, they moved south one.7%. come on in. you interviewed the ceo talking about travel. >> he said travel is recovering. also asked about lifting the cdc mask mandate for vaccinated people and it is bullish in the travel industry. >> cdc lifting mask mandate for vaccinated individuals, how will it feel for a company like yours? >> it is a game changer because people want to travel. it is one of the things they miss the most. we did a survey that it was a representative survey of american consumers, the activity they missed the most was travel. people want to travel. they have record savings on average. >> wells fargo calling a b&b a
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by this morning with $200 so you could get an upside of 50% or so but this could be by on the rumor selling on the news, to triple their losses the first few months of this year only for paying down debt. stuart: triple your losses to pay down debt. that makes it more palatable. we have been talking about this all morning, president biden says you can be free from the mask as long as you got the jab. my opinion that was politically motivated and certainly the timing was politically motivated. my take on that in the next hour. ♪♪ ♪ limu emu & doug ♪ hey limu! [ squawks ] how great is it that we get to tell everybody how liberty mutual customizes your car insurance
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stuart: check the big board, 34,290, gain of 270 points, the 10 year treasury yield down one.63%. where is gold? family above $1,800 an ounce, it is 1840 up again today, is it 64, $65 a barrel in the
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price of gas keeps going up. we are at $3.03 per gallon, national average of $0.09 in the past week. the cdc says you could ditch the mask indoors if you got the jab. shopping without a mask depends on where you live and which store you go into. matt shea, ceo the national retail federation joins us now. may seem like a strange question. could the no mask guidance save shopping malls? >> what we've seen from the beginning going to the most challenging days when facing so many unknown questions, retailers prioritize health and safety, arbitrary decisions, and businesses to close and now
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we see many reopenings, ec momentum, those who are mauled based more challenges this year. they benefit substantially. >> most members would require masks or most would ditch the mask requirements? >> a number of companies making announcements, they will require masks in places of business, i will see how this plays out the next few weeks. one positive of the announcement, for those questioning the efficacy of the vaccine, you don't need a mask anymore, that is the whole point. that is a plus.
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people not wearing masks don't have the vaccine yet and a lot of concerns in the workplace, to prioritize health and safety of associates and other customers. they keep the mask mandate in place. stuart: i could see her in some parts of america you could face a revolt. in texas, florida, mississippi, some other states they don't like mask wearing and don't want to wear a mask when they walk into walmart or target. i'm not picking on anybody but i can see some confrontations, how we're guys handle it? >> we saw it by last year, to come out in support of mandatory mask requirements in stores last summer and we didn't get enormous fan mail from everybody if people didn't like it but over time people
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got with the program and follow the guidance and it was more normalized to behavior and there are some places where if you go down there wearing a mask in some states you look out of place but in general we've seen the level of incidents of conflict de-escalating as people got used to this. it does raise the issue of why front-line workers are enforcing these things that we give guidance to our members and help them avoid friction and we don't want to see any adversity in the workplace if we can avoid it. stuart: i never worked out why teachers can't stand in front of the class of 40 or 50 kids wearing masks but the workers in a mall, i always wondered about that. thanks, appreciate it. mike pompeo, tammy bruce, newly minted american citizen steve hilton and adam corolla.
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♪ hold me, love me. ♪ i ain't got nothing but love, babe -- stuart: wow. we are on a roll. two beatles songs in the first hour of the show. we're doing well. good morning, everyone. 10:00 eastern. let's get straight to your money, because you're going to like this. the big board shows a gain of 300 points. it was up 430 yesterday, 307 right now, 34,3 is your level. now, that's a bounceback. have a look at big tech, trying
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to claw back some of this week's big losses and successfully doing so. all of them very much in the green, all of them up better than 1, 1.33%. the 10-year treasury yield, as of right now we are at 1.63%. all right, just coming at us, the latest read on consumer sentiment. susan, what do we have? >> lower. 32.8 for the -- 82.8 for the month of may. this is realtime, we're looking at this month that we're in. 82.8, stu, that's less than the number we saw in april and march and, obviously, less than economists forecast. so there might be some concerns there. stuart: declining consumer confidence, but apparently having no immediate impact on the market. we're still up 300 for the dow, 175 for the nasdaq. all right, susan. look who's here now, jonathan hoenig. friday morning, bounceback time.
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is the big selloff over? behind usesome. >> you've got to keep an eye on exactly those big tech stocks, stuart. they have been the driver of the recovery of the economy and of the stock market. so, you know, take a look rat -- at a stock like apple, this was a stock that was $80 a year ago, north of 120 now. so we're keeping an eye on exactly those big tech stocks. i think they spell the future of this economy and of the market writ large are. stuart: so i'm glad i didn't sell my microsoft, okay? [laughter] all right, there you go. >> and i have to say, stuart, also -- [inaudible conversations] sure, sure, yeah, because we're keeping a super eye on bitcoin especially after the news, it's very likely that ransom was paid with bitcoin. that's inviting even more scrutiny not just from investors, but from governments as well. stuart: i would have thought that was bad news for bitcoin, bad news for cryptos. how come the authorities let a
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gang of criminals holding us all for ransom? i would have thought that was terrible news for bitcoin. what about you? >> yeah are, stuart, bitcoin had been breaking down yesterday. we used to think of $50 oil as a ceiling and a floor, well, i'm looking at $50,000 per bitcoin now. it's broken down a few times before that, and you mentioned coinbase, the crypto exchange, it's struggling to hold above its all-time low. bitcoin, all this talk about it, stuart, it honestly reminds me of how you used to talk about pot stocks a few years a. every day. now that's bitcoin. i think if the market falls apart, bitcoin gets crushed. stuart: without a second. you're very concerned about it. what do you mean by that? >> well, concerned about the price. you know, we often think of a dip as being just a dip, stuart, but we don't know if it's the dip of the beginning of a real
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long-term decline. so when i say people back up the truck for apple, for tesla, for doge coin, i get concerned despite a lot of the positive news with rpenieo... ua yh. yea eoit ttik sinin ss iurur cw,w,esdon' i i isey. fairyt,ytuar sar sogog coii ju t achettt thaeoi cn canan eero fm mlonnnrn on oit n long-rmg- fua f? fuah kin ths annn a'deeyy iful stst careful. stuart: jonathan hoenig, thank you, see you again soon. all right, everyone, now this. how convenient.
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oh, what a great way to divert our attention from all the crises. the cdc i says we have longed for this moment, and the president promptly announced if you're vaccinated, it's safe to take your mask off. that was quite a reversal, and it captured the news cycle. of course. that was what it was designed to do. the big reveal, make everybody feel good and announce success against covid. obviously, motivated by politics. the administration has seen the success of republican states like florida and texas, they've seen that we with, the people, are way out front of the authorities when it comes to opening up, and they've seen these multiple crises develop for which they have no answer and no policy. can't let people dwell on that, oh, no. so why not claim credit for bringing the pandemic to a close? i guess it's good politics, and you can certainly get away with it because the media does not question joe biden. but it's not leadership. he's not out front showing the way.
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he's following. looking to see what the political wind tells him. the president's performance yesterday left me with a very uneasy feeling. who's really in charge? who's really leading in you know, there was one thing that was missing from yesterday's presidential statement, four words about the vaccines and the end of covid. thank you, president trump. second hour of "varney & co." continues now. ♪♪ stuart: all right. tammy bruce this friday morning, who do you think really runs the white house? who is it? >> well, it certainly isn't biden, i can tell you that right now. i'm worried because we don't often see his back, and i think there might be a key back there. it's hard to say. so many things have been handled
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in such a ham-handed way. he should know better, and i think the joe biden we knew did know better. but the people in charge right now do not. it's clearly people who were not elected because americans didn't vote for this now, did we? they voted for who they knew as joe biden who would handle things in a moderate way, who would work across the aisle. that does not exist. so so it's people -- we may be familiar with them on television. ric grenell, former national director of intelligence there, said that he thinks it's susan rice. i think it's probably a group of people probably fighting over, during -- at a table, a round table finding who's going to get the pop tarts and who's had too much coffee and just flailing about thinking it's not supposed to be like this as they eliminated all of president trump's policies. understandably then, it's strange, creating the opposite effect of a good economy, of a
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strong border, of consumer confidence, of people looking forward to the future, of at least a calm middle east. and now they said we were going to get, stu, the world back as we knew it. boy, they weren't kidding, and it's a raging dumpster fire. stuart: you got that right. hold on a second. i want to quote white house press secretary jen psaki, what she's saying about teaching racism, teaching systemic racism. she says it's responsible. roll tape. >> we would think, we believe that educating the youth and next leaders -- the future leaders of the country on systemic racism is indoctrination that's actually responsible. stuart: it's not indoctrination, okay? parents are fighting back though. can they take on the teachers union? >> you know, they're going to have to, and we're seeing this all across the country.
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parents for the first time going to school board meetings that they never went to before, finding that they do have to go the to the school and meet the teachers and not be afraid to speak up. because in this case the indoctrination, stu, is so prevalent, it now appear ifs normal. and that, i think maybe, is ms. psaki's point. we're seeing the result. this is not new in a way, it's now just out in the open. but we're seeing in, on the streets, in business the attitudes affecting this woke culture, the cancel culture, media. every place now is under the boot of brats who want to crush you if you've ever made a mistake. and it's being based in now this racism, this systemic problem. there is a systemic problem, i have to tell you, and it's based in this kind of an attitude being promoted by leadership.
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parents are the ones who must take a stand. it's radicalizing parents, and they're going to regret this, the system will, next year during the election. stuart: got it. tammy bruce, always a pleasure. have a great weekend and we'll see you next week. >> thank you. stuart: better check in on that market because we've got a rally on our hands, and it's very much a rebound from the selling that we saw on tuesday and wednesday. we're back to 34,2 on the dow industrials. and, susan, what's this about unity software? susan: yeah, i want to highlight -- [laughter] so they use 3-d software mostly in gaming. this is the latest upgrade with oppenheimer rating it an outperform. also nio just opened a store to self lifestyle products on alibaba, an e-commerce site.
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car spray? who knows. it's boosting the stock. tesla is up, the company is in talks with a chinese company called eve to make low cost batteries for its cars that are made in shanghai and, as you know, possibly accepting doge coin for its cars in the future. less disney plus subscribers, sales also a bit light as well. i guess that reopening of the theme parks was a bit of a hiccup for the first three months of this year. stuart: i guess so. it's down $6, 3%, 171 on disney. super, thank you. one of the crypto exchanges is reportedly under investigation for money laundering. back again, susan. which is it? susan: so this goes back to the colonial pipeline k and we'll get into that. buts finance is the largest crypto exchange in the world, operates in singapore, bigger than coinbase. and like other cryptocurrency
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exchanges before it, now being investigated for u.s. money laundering and tax evasion at the irs and doj. this goes back to more keyness of the exchange in the system that we were talking about. -- murkiness. u.s. officials are concerned that a it's being used to hide men. look at the case of colonial, we were just talking about it. the founder says that they are blocking americans from using their web site and warning anybody in the u.s. trying to get on binance, you will have your accounts frozen. this is not the first investigation we've heard about into these crypto exchanges. stuart: i just think it's bad news for cryptos and bitcoin in particular when ransom is paid by bitcoin. susan: yeah. regulatory headwinds, yeah. stuart: it sure does. first it was the contribution ia -- cia, now the army is releasing its own woke
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recruitment ad. watch this. >> although i had a fairly typical childhood, took ballet, played violin, i also marched for equality. stuart: the army goes woke, and we will show you the whole ad. we're learning more about how the pipeline hackers were paid. reportedly, they hit another major target. we've got details on that too. first, though, on the brink of an all-out warren between israel and the palestinians. is the biden administration at all to blame? i'll ask former secretary of state mike pompeo. he's next. ♪ ♪ ♪ sure, about this? experience capability, crafted by lexus. we're good. the remarkable gx and lx.
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[gunfire] [background sounds] stuart: all right. there's the overnight action. israel has begun deploying ground troops and tanks to gaza. more than 100 people are dead including 31 is children. trey yingst is near the israel/gaza board. has this turned into an all-out war? >> reporter: well, stuart, good morning. it's very close to that. overnight intense fighting erupted as israel launched a massive ground and air assault on the gaza strip. according to the military, 450 bombs and rounds were fired into gaza. the destruction today, though, hard to describe. some parts are completely leveled leaving thousands of people homeless. the palestinian death toll is
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now more than 120, though that number is expected to rise. on the israeli are side, artillery units here continue to shell different positions. sirens blared amid incoming rocket fire. we've seen tanks and armored personnel carriers preparing for orders to launch a ground invasion. so far those orders haven't been given, and the death toll in israel standing at 9 people, one of them a soldier. there's a massive coordination by both israel and hamas, both sides saying they are not interested in a ceasefire at this time, and they're both preparing for days of fighting. stuart? stuart: all right, trey, thank you very much, indeed. i want to bring in former secretary of state mike pompeo, who joins us now. mr. secretary, did president biden help in any way create this conflict in the mideast? >> well, stuart, thanks for having me on this morning. the party responsible for this is, of course, the hamas, terrorist organization designated so by the united states of america.
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we also know iran is backing this. they have provided financial and military resources to these terrorists that are now attacking, trying to destroy cities and attacking civilians inside of israel. but make no mistake about it, american policy matters in the region. we saw this during our four years' time. we built out a peace structure with the abraham accords, we supported israel. israelis knew we we would have their back when needed. this administration sent very mixed signals at best and is sitting in vienna talking to the iranians trying to hand over billions of dollars to the very iranians who are underwriting the hamas and palestinian, islamic jihadists that are attacking israel. make no mistake, american policy matters an awful lott in this region. we should hold the perpetrators accountable, and i'm confident the israelis will do it. they have every right to defend themselves. stuart: indeed. i'm going to show you a headline from, a of all places, "the new
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york times," and it's from columnist brett stephens. it says, quote, for the sake of peace, israel must rout hamas. i'm really surprised that the new york times would print that in the first place. what do you make of it? >> yes. i agree with the new york times. [laughter] you can write it down. it may be the last time i say that for a while, stuart. suffice it to say the israelis understand the threat from these terrorists. they've now had civilians killed, i've had friends sending me messages overnight, their families are in bomb shelters, children are crying, they're being attacked by terrorists. the united states should be unequivocal in its support of israel's right to defend itself. we should not be sitting down with the iranians trying to cut a deal -- remember are, this is a deal with a country that is hosting al-qaeda's senior leaders in tehran, and it's giving money to the very terrorists that are attacking israel and our gulf and arab state allies. it's an enormous state to build up iran. this is the central
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misunderstanding that the obama administration. they've got all the same cast of characters back, and you can see the results. a less stable, a less prosperous middle east and, frankly, the palestinian people are suffering as well. not only those in gaza, but those on the west bank that have been denied an election. it's now 15 years of a 4-year term. america has a simple role in supporting the israelis and denying iran money. if we take those two actions, i am confident we will be able to restore peace and more stability in the middle east. the biden administration has it all backwards. stuart: mr. secretary, the pipeline hackers were reportedly paid with 75 bitcoin. they a paid the ransom. can't we do anything about this? criminals cripple supplies across the eastern seaboard. we pay ransom with bitcoin. can't we do anything about this?
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can't we trace who got this bitcoin? >> well, three thoughts. first of all, it's a mistake if for a company to pay ransom like this. we know this will beget more acts exactly like this. i'm sure there were insurance companies involved making business decisions. i suppose i understand that. but make no mistake about it, this will encourage other thieves, other criminals, other nation-state actors to attack american businesses, put our infrastructure at risk and demand ransom. the fact that it was 5 million, next time it'll be 50. this is a game we can't play. that means the government's got to be involved. it sounds like from the fbi's reporting this happened from an international place. we need the find out who it was and impose real harsh penalties. we need to be serious about this. and if a government is hosting them, we need to demand that they clean it up, they fix it. it is their responsibility to do so. last point, i said a long time ago the risk from some of these cryptocurrencies of exactly this kind of activity taking place across u.s. financial systems is
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very real. we've parsed this, we had money laundering rules in place that applied to other kinds of currencies. we need to make sure these laws are applied evenly to these cryptocurrencies or we'll see more more. if we we need to regulate these cryptocurrencies to do so, so so be it. stuart stuart mr. secretary, thank you. very much, indeed, for appearing with us. >> have a good day. stuart: always appreciate it. thank you very much. >> thank you, sir. stuart: next case. remember end when the cia released its woke recruisement ad? -- recruitment ad? now the army is doing the same. watch this. >> although i had a fairly typical childhood -- took ballet are, played vie-in -- i also marched for equality. when i was 6 years old, one of my moms had an accident that left her paralyzed. stuart: the cartoon ad features a same-sex wedding, an lgbtq rights march.
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we we thought you'd like to see it. well, from burgers and fries to cash and a laser show? cities as cross the country are upping the incentives to get the jab. full story, details coming up. the kentucky derby winner, medina spirit, will race in tomorrow's preakness. he is the favorite. we're going to take you live to baltimore next. ♪ ♪ ♪ lately, it's been hard to think about the future. but thinking about the future, is human nature. ♪♪ at edward jones, our 19,000 financial advisors listen and work with you to create personalized
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♪♪ stuart: you're going to like this. the markets are up across the board. 34,300 for the dow, it's up 270. remember, it was up 433 yesterday, and the nasdaq, an even better gain there. 1.6% higher, 221 points. that is a rally. here is michael lee. i always like to think of michael as the super bowl -- because that's what he is. so here's -- super bull. i like your smile too. it's a good one. [laughter] michael, is the selling over? is it onward and upward from here? >> stuart, i've first got to say i am a super bull because i'm
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always bullish on america. sec, i don't necessarily know that the selling is over. it seems that it's over for now, but i fear there's going to be a lot more emotion in this ocean over the next few months while we address these inflation concerns. if you look and take apart the inflation number from this week that was an absolute blow outnumber which people look at very negatively, there are the four driving factors are easily explainable. first, used car prices which are up 10%, the highest since 1953. there's a massive chip shortage. if you want to i buy a new car right now, particularly an sufficient, it might -- suv, it might take you 4-6 months. and hotels and airlines are both up double digits, both industries have been absolutely devastated by the coronavirus and there the, engen, is reduced -- again, is reduced supply which will change. and then the last one was rental cars which ties back to the first three in that a lot of
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these companies had to sell large portions of their fleet to stay afloat, and now they can't replenish because there's a shortage of cars because of the chip shortage. i think we're going to have higher inflation but not runaway inflation. once the market can embrace that narrative, i think we'll make several new highs before the year is over, if that makes sense. stuart: it makes sense, it really does. i mean, the federal reserve says this inflation is temporary, and clearly we've got a flood of money coming into the markets, i mean, into the economy. there's no question there. let me raise the issue of the cryptos. here you've got a multibillionaire, elon musk, puts out a couple of betweens about a joke crypto, and the thing moves up 25%. and all hell breaks loose in the crypto market. i mean, what does that tell you about a financial system that leapts this kind of thing -- lets this kind of thing happen in. >> yeah, look, cryptos are still new, and they're still finding their footing. i think when are you print this
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amount of money, things like cryptos are going to take ahold. there are cryptocurrencies with real technology, tangible technology behind it like, say, an e they are yum, and then --' they are yum, and then you have bitcoin that people can use as some form of medium of exchange just like the hackers got paid, allegedly, for taking down this colonial pipeline are. i think, look, whenever you print this type of money, you're going to create a lot of instability around the edges. i think the result of printing this money is hyperinflation of certain financial assets where you're essentially pulling the terms forward. so, you know, maybe three years from now or five years from now we'll be looking at a lost decade or two, but for the time being stock prices are going to go higher. real estate prices are going to go with higher. but until you resolve the issues, the plumbing, the
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banking system, until you have a much higher velocity of money, we're not going to have this runaway inflation, but we do have things like clip to currency -- cryptocurrency that are very volatile. i would be buying on the dips. stuart: ooh, okay. i didn't think you would be actually buying there, but you are. all right, mike, thanks for joining us. see you again soon. all right, next case. the new mask rule, or the new non-mask rule i suppose we should say, helping to push some sectors of the market higher, apparently. go through it for me. susan: yeah. by the way, index funds, etfs are in the market according to bloomberg, and that's why we're looking at this lift of 700 points if you add today's gains onto yesterday's gains for the dow. and the reopening plays, as i mentioned, the home builders, the transports, banks and the like and really the cyclical names because these are proxies to u.s. economic growth. we have this reopening of the economy getting back to normal,
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that means we'll get back on flights once again, travel and maybe get back to offices as welcome. stuart: okay. so it's helping some sectors of the market. got that. all right, super. dow's up 250. you're right, add that to 430 yesterday, 700 points in 24 hours. not bad. well, the second leg of the triple crown, it's called the preakness, it is run tomorrow. lydia hu is at the pimlico race course. the ckc says no more -- cdc says no more masks required if you're vaccinated. are you expecting much bigger crowds at pimlico? >> reporter: i asked that direct question, we haven't gotten an answer, but my guess is, no. i suspect they're going to keep the capacity restrictions here at 10% even though the governor's office, maryland governor's office tells me they authorized the event to go up to 50%. of course, pimlico can set these mandates as they see fit,
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they're continuing to enforce the mask wearing each though we're outside. as i was walking into the event, outdoors i didn't have my mask on, and the security guard promptly asked me to mask up, so i did to adhere to the rules. the masks are going to be required unless someone's actively eating or drinking, and that 10% capacity limit is going to allow around 10,000 people, maybe a little bit more, to be in attens dance. usually you would see around 130,000 people here at pimlico on preakness day, which is tomorrow. compare that just to the kentucky derby which we had a couple of weekends ago. capacity there, 45,000, down from 165,000. heading into tomorrow, of course, stuart, we've got to talk about medina spirit, the horse that won the kentucky derby, because there's a lot of attention and anticipation around the race. as of right now, medina spurt is expected to run in the race tomorrow after it failed a postrace drug test from the
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kentucky derby. the horse trainers ask and owners agreed to three prerace drug tests ahead of the preakness tomorrow. the first results were posted yesterday, they came back clear. the remaining results, we're anticipated they're going to be posted today. medina spirit will be running in the preakness tomorrow and a lot of eyes on that horse. it is the race favorite, stuart. so tooth institute i've just got to say very disappointing about the crowd. no mask mandate and they only let in 10%? lydia, great report. thanks very much, indeed. put some money on a good horse and win. [laughter] the administration insists, absolutely insists there is no open border. [laughter] roll tape. >> don't you think you bear any responsibility for the current crisis by telling the world earlier this year that the border was open? >> i've never said that the border was open, and i've never believed that it should be an open border. stuart: well, we've shown you
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exclusive video of migrants just walking athe border every single day -- across the border every single day. we're going to take you back there with a live report just ahead. first though, another tough the assignment for our own ashley webster. he's looking at the red-hot second home housing boom. there's no question where he is. he's in florida. is he shopping for a home for himself? we'll be back. ♪ ♪ gonna lay in the hot sun and roll a big fat one -- ♪ grab my guitar and play ♪♪ ♪ ♪i've got the brains you've got the looks♪ ♪let's make lots of money♪ ♪you've got the brawn♪
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♪♪ home is where -- stuart: clearwater beach, florida. we like to show you the beachs of florida because they look so good to everybody else in the country. all right, look at this. prices for second homes surging.
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we've got one -- oh, there he is. there's ashley. hold on a second, ash. second home prices up 19% from a year ago. does that mean that all the deals are gone? ashley is in -- ashley webster is in wind mere, florida -- [laughter] popular spot for vacation homes. are you seeing, ashley webster, what you would call a bargain? ashley: not exactly. in fact, the home behind me right here just sold for just over $2.5 million. if that is your second home, then the life is pretty darn good, is it not? let me just say, there are not a lot of homes. the inventory crunch not only on primary homes, stu, but also on secondary homes, those homes where people have decided, look, i've got some cash, i've been working from home, i've saved some money, time to plunk it down on vacation property or perhaps a rental property
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depending on what you want to do with it. lee gold berg with with callwell bankers, he's -- caldwell bankers, how hot has the market been? >> i've never seen anything like in 11 years in real estate, primary, secondary. so many new area codes calling and saying, hey, i'm thinking about buying another property. literally right now, my assistant's picking up people from detroit to buy a second home. ashley: and what is the reason? >> they're finally able to get out. they want to escape, to come down somewhere they can just enjoy and forget about life for a while and think maybe, just maybe, they might purchase something bigger, more permanent, down the line. listen, no state tax, no snow, we're in paradise right now. hello, why would you not want to be here? ashley: don't say that, because i have a reputation of getting
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cushy assignments. it's a grind out here on on the lake, stu. listen, there are pros and cons, of course, to i buying a second home. hey, make sure you can afford it. certainly a good investment, no no guarantee on that, and you have to pay twice for everything. twice the amount of, you know, homeowners insurance, utilities and so on. but bottom line, a lot of people are saying i want out of the crowded, cramped city the, get me somewhere where i can enjoy the wide open spaces. and, by the way, i was listening to lydia hu at the preakness. there are no masks right here on butler lake. it's absolutely are perfect. stuart: you know, i'm told that one of the big stories in florida is that not all the snowbirds are going back up north. a lot of them are staying. ashley: right. stuart: i'm told that's the big story down there. ashley: that is true. yeah, that is true. they don't want to leave. stuart: why would you? [laughter] no mask on a lake? being rode around by goldburg,
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the realtor? good lord, man, you've got it made. we may or may not come back to you in the last hour of the show. [laughter] check those markets. we're up 180 for the dow -- i'm sorry, yeah, the dow. s&p somehow got on there, don't know how that happened. check those markets. susan, i think you're watching amc because of the no mask rule, is that right? susan: well, amc, actually, is back up, yesterday with up 17% because, guess what? the red died/wall street bets crowd, they're back in action. and the meme stocks trade is back in momentum. gamestop down a little bit today. people are taking a look at amc once again. i also want to show you penn national because they say they're going to launch the barstool sports book mobile app in indiana and, offing, that's part of -- of course, that's part of the partnership they have with dave portnoy's online company. let's take a look at kansas city southern, the railroad, accepting the highest $33
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billion takeover. so that looks to be official at this point. stuart: do -- i want to talk about the chip shortage. it's affecting all kinds of industries. i believe -- do you have a dollar number on what this shortage is costing us? susan: car sales alone are, $110 billion for the automotive industry. isn't that incredible? and that's because they're losing sales because of the lack of chips. is so this, essentially, coming a very influential consulting firm. $110 billion is a lot of money, as you can imagine. it's up 80% from their initial forecast of just $60 million in losses, and alex says there's a number of factors because you had that fire near tokyo and also weather-related kinks in the auto supply chain that's not really helping things. stuart tooth oh. before you go, susan, we've got this. another jobs announcement from amazon. what are they doing now? susan: they're hiring 10,000 in
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your former e home of the u.k., permanent workers. so london, manchester, edinborough and became bridge as well. calm bridge as well. they're taking their total head count to 55,000 by the end of this year, and this comes a day after amazon said they were hiring 75,000 in the u.s. you get a $1,000 signing bonus, not bad. extra $100 for workers to get that vaccine. and you know business is booming. third quarter, $100 billion sales, that's incredible, and they hired half a million last year just to keep up. stuart: you know, i saw it on the prompter, i saw the word, eddin borrow, and i was waiting for you to browns it. edinborough. [laughter] all right, folks, it is almost time to pay that tax bill. we're going to be joining, i'm going to be joining maria and
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charles on a special edition of "kudlow" called taxed to the max. it's this monday, 4 p.m. eastern. if you can't watch it live, set your dvr. 4:00 monday afternoon, tax to the max with kudlow. coming up, adam corolla, he's going to take on the cancel culture. a restaurant owner who grew his business to more than 70 location cans now putting expansion plans on hold because, same old story, he can't find workers. he's here after this. ♪ ♪ she's a maneater -- ♪♪ that building you're trying to buy, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd ten-x everything.
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♪♪ ♪ stuart: well, we showed you beaches in florida, we thought we'd go to california, santa monica. that's what it looks like there right now. and now this: our next guest opened ike's love and sandwiches in san francisco in 2007. he's since expanded to 77
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locations. ike joins us right now. ike, first of all, congratulations. that's a pretty good rate of expansion, if ever i heard one. 13, 12 years, you're up to 77 outlets. but you tell me now, are you having trouble getting workers? >> hey, thank you for having me, stu. we've been in constant growth for the past however many years, and this definitely is, it's been a challenging hiring all throughout the whole time. so we've been actively hiring and, yes, it is a little bit challenging. stuart: so what's the problem? if is it that people -- is it that people are staying home because they're getting paid to stay home, or is it because after the pandemic people want to work in a different way, in different industries? they want to shift around? what's the problem? >> well, i think it's a little bit of both of those things. and a third thing. there are some people that are generally thinking that they don't want to go out, like for
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safety reasons, they're hearing all these things, conflicting stuff through media and all that. so there's that. there's also the, they haven't been working, so there's some people that have reached out and started working on different plans or made adjustments, maybe perhaps following their dreams a little bit. and, yeah, for sure, there are some people that are, hey, i don't have to work to make some money, so why work to make money? stuart: so are you going to pay higher wages? >> well, where we're at ike's, we've been at the top or some of the top especially in california. we pay significantly much more than what minimum wage is out there. you know how california minimum wage -- it's already doubled than the rest of the united states. stuart: what do you pay? >> off the top of my head, i don't know. i know we have people that make upwards of $30 an hour. stuart: upwards of $30 an hour. what about the -- the counter hands, the people who make the sandwiches and hand them over to
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the customers, what do they make? >> yeah. so in california it's significantly, minimum wage is $15 an hour now in a lot of places, so we're paying a couple bucks per hour over that, and plus they get tips. other areas of the united states minimum wage is lower, but to keep in line with what we're doing in california, we're also paying several bucks over the minimum wage in each of the states we're in. stuart: has the problem of bringing workers backstopped you from expanding? -- back stopped you from expanding? >> we've already opened -- in regards to expansion, we've opened a couple stores this year, and we've got a few more opening real, real quick, l.a., sand yea goer, las vegas -- san diego, we're doing more in houston. so we've been growing. we don't want the taffe or lack of staff to dictate the amount of love and sandwiches we're making in the united states with. we would love to have way more staff, and we are definitely consistently in a hiring process, but we're -- our goal
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is to love people through sandwiches, and we're not going to let a lot of staff or a little bit of staff dictate that. stuart: all right. love and sandwiches. congratulations. you're expanding, love to hear that. ike, appreciate you being here. good luck to you, sir. >>. same to you, stu. i appreciate it. stuart: love and sandwiches. gotta remember that. check that market, we're up 250 for the dow and 230 for the nasdaq. that's a rally. big hour coming up. we have adam corolla, we have the newly-minted american citizen steve hilton and brandon judd and a whole lot more. plus, elon musk -- now, look, he's one of the richest guys in the world, so what is he doing fooling around with dogecoin? i'll take that on in my take, which is next. ♪ ♪ every minute and every hour, i'll miss you, i'll miss you, i'll miss you ♪♪ ♪
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>> when you are seeing a border crisis, gas shortage crisis, crisis in the middle east, jobs crisis, all these things in four month under joe biden, i am thinking of 2022 right now. >> the people in charge right now, people not elected, people didn't vote for this, did we? it is a raging dumpster file. >> enough of this punitive tone.
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>> they spelled the future of the economy and the market writ large. >> abounds to me, investors remain on edge about what is coming up. >> taking me higher, higher, higher off the ground ♪♪ higher ♪♪ higher ♪♪ stuart: it is 11:00 eastern time, friday may 14th. let's see if the market is higher. a rally this morning up 250, up 450 yesterday.
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very strong 233 points. there is big tech. all of them bouncing back significantly. facebook, alphabet, microsoft, amazon, apple up big time. the 10 year treasury yield up one.46% as of right now. here is the man with the file, he got there. what is your confidence level in the fed chair powell, and what is your level of confidence. >> and i don't have a good confidence in this administration, border inflation, cyber attack and they kept on denying the future prices.
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we went from a president with awesome policy, full transparency, and we had no policies, we didn't know what biden is thinking, his mouth doesn't work, he doesn't talk but his handwork is assigned, very good at signing executive orders, and and biden is a big question mark. stuart: never heard donald trump and his bedside manner referred to before. i've never seen trump and bedside manner in the same sentence but you did that. this is something that gets to me. you bought the dip in crypto, so you told our bookers. with your clients do the same thing?
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to pay ransom to criminals. and elon musk talking about dogease of the coin, >> those are huge head winds. one guy can send out a tweet, elon musk, he can crash the crypto market. obviously crypto is being used to pay ransom, crypto is volatile, extremely volatile. they have no idea what they are talking about. crypto has long-term potential but i'm very realistic. for me it is an asset class too. it is about 7% of my liquid network. i am okay with that percentage going to 0. that percentage is different, it is one% or 2%.
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maybe it is 20%. 7% -- the main takeaways over time it will continue to go up. do it in the right amount, don't go wild and invest your liquid net worth into it. stuart: is that wild? bedside manner, trump, buck wild. >> a couple good 1-liners. stuart: it is friday, you can do what you like. appreciate it always. now this. i have to admit to being exasperated by elon musk. on the one hand he is a genius and he has worked wonders creating a global car company and a break private enterprise
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space operation, the man ranks right up there with steve jobs. what on earth is he doing fooling around with a joke coin otherwise known as dogecoin? in his appearance on saturday night live he dismissed doge as a hustle but last night he offered some support suggesting it would improve system transaction efficiency. dogecoin gains 25% in a matter of minutes. months ago his heart car company tesla but $1.5 billion worth of bitcoin, then he seemed to retreat suggesting crypto mining is bad for the environment. he loves bitcoin and retreats, he dismisses dogease of the coin and promotes it. what is going on? here is a personal opinion. first, musk wants to be seen of the man of the future, to be part of the next big thing. he wants to run the next big thing and believes cryptos are the future and that is why he
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make so much noise in the crypto market. he's a natural born showman and he uses his talent and gigantic wealth to attract attention. he loves it and it works. he's a colorful character, dominates the markets, dominates the news. what he is doing, the financial markets, that is what worries me. what does it tell you about the financial system when a multibillionaire puts out a couple tweets about a joke crypto currency and move hundreds of billions of dollars. there's a lot of money and we are easily manipulated. musk is manipulating the multi-trillion dollar crypto market. block chain technology may be part of the future but when you promote a joke as investment, the third hour of "varney and company" roles on.
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and what does steve hilton head to say the market manipulator. >> i agree with everything you said and he's a fantastic entrepreneur. i put him ahead of steve jobs, what elon musk is doing is useful where i ask for what steve jobs did inflicting wretched iphones on us and fueling the -- not helpful for the world but let's leave that aside. i don't want to go back to the bedside manner conversation you were having but it reminds me, a lot of the comment in these policies doing a great job, and
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and with millions of people who don't really follow the financial markets are business in general, they love the playfulness, falling, teasing and all this stuff. he has the massive ability to influence things because there's an army of fans and they like him because he is irreverent and doesn't play by the rules. it is very hard to take that out with the elon musk appeal and ask him to focus on the more serious entrepreneurial, that is not who he is. stuart: that is not who he is. our audience knows when i became a citizen in 2015, you have become an american
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citizen. before i do the congratulations bit, i want to pay a clip from 2015. citizenship is more than voting, serving on juries are getting a passport, being part of an idea, unique idea people from all over the world can come together to live freely under the rules and responsibilities of the constitution. no place like it. stuart: you are an american citizen full-blown as of right now. >> i feel proud, incredibly happy, very well put there. i see that for my own remarks on this moment which on my show, there is something about the idea, they buy into the
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values, and and they chose to become citizens like you and i, we love america as it is, the ideas america was built on. we didn't want americans to change it and turn it into something more like the places we came from europe, more of the socialist approach. we love america because of the constitution and want to fight for and protect it. stuart: watching you on the next revolution, sunday night at 9:00 eastern, i would be very happy about it. i am going to show you something.
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that is not a nightclub. it is a vaccination site. laser lights, music, you got it. we will tell you where that is. a vaccination club. the cdc drops masks, mask mandate for vaccinated people, private companys still want people masked up. comedian adam corolla require mask at his shows, i will ask him. the homeland security secretary double down blaming trump for the border surge. >> nothing to facilitate dressing the surge, they dismantled the tools that they had to address it. >> border patrol, brandon judd. brandon judd will answer, after this. ♪♪ the rule in business used to be,
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stuart: all week long i have been showing video like this is migrants streaming across the rio grande valley. bill, have you been seeing more mexican marines apprehending migrants on the mexican side of the border? >> we've been witnessing that, the mexicans seem to be more proactive on their side of the rio grande.
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the first 5 days we were here, we don't seen a mexican military anywhere, after several days of showing live shots, the last two days in a row the mexican marines posted in this area and we witnessed them apprehending migrants. first we show you what we shot this morning, get up early out here in rio grande to check out the area, found fresh footprints in the mud, leading out of the river, piles of wet clothing along the riverbank, the migrants come out of the water and take some dirt roads, walk in land where there are texas state troopers stationed in the area that present themselves to the state troopers and we see two migrants who cross inward and taken into custody by those troopers. one appear to be a very pregnant woman, the other a young man. back to the video the mexican marines, this remarkable video yesterday, group of migrants arrived in a car and ready to cross the river and the mexican marines came out of the brush, apprehended the entire group that appeared to be a family.
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looked like they detained two potential coyotes, detained them separately and put them in the back of the municipal police pickup truck, they were taken away separately. the family was placed into a white van and taken from the scene but that was the first time we saw mexican marines get involved like that. down the road from where we were is the half complete border wall. we toured it with the sheriff, only some mesh fence separating the united states and mexico, in some areas there are bars sticking out of the ground, construction stopped entirely under the new administration. local sheriff with these comments towards the folks in washington dc take a listen. >> are they going to finish that or put it back to where it was originally? it is a mess. it was left around the white house, or some of their homes. some administration homes,
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wouldn't tolerate it. >> back out here live again taking another look at the mexican marines. it appears the mexican government is trying to be more proactive in this spot. we've been showing you live images all week. the mexicans father's images and they are posted here. we did not see any migrant crossings in this spot yesterday. the mexican soldiers are over there and on the us side witnessing border patrol boats coming up and down the river as well as helicopters each day and we didn't see that earlier in our trip as well. both sides stepping up right here in this spot for the time being. let's send it back to you. stuart: could be they are stepping it up because of you because that is a markable reporting. see you again real soon. let's bring in national border patrol council president brandon judd. let's respond to those pictures we've got of mexican marines
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arresting coyotes. could that be from pressure by this administration in dc, the biden administration pressuring the mexicans to do something and they are doing something. is that possible? >> know it is not. the only reason they are there is because of the footage you were able to capture. if you weren't capturing the footage they wouldn't be there. i live this every day. i put on a uniform and patrol the border. the mexican military does not help us unless there is a public outcry in the united states. because you are filming it they will step it up to make it look like something is going on but if you go down a mile to the east or to the west you are not going to see that. they are there because you are there. stuart: glad you straightened that one out. homeland security secretary alejandro mayorkas is blaming the border crisis on donald trump.
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>> they did nothing to facilitate addressing the surge. what they did is dismantled the tools that we had to address it and they tore down the programs that could have helped alleviate the pressure. >> don't you think you very responsibility for the current crisis by telling the world earlier this year that the border was open? >> i never said the border is open and i never believed it should be an open border. stuart: there's a lot to go at. go at it please. >> if this wasn't such a serious issue i would say his statement was laughable. when he says donald trump tore down all of the infrastructure needed to address the surge, there was no surge under donald trump, there was nothing for him to tear down is if you look at the facts, let's go to his statement, he made a statement of fact without giving evidence to back up what he said.
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that is what i hope the american public takes from that. he didn't present evidence, didn't tell the american public what he tore down because in reality he didn't tear down anything. he built it up. once again as someone who puts on a uniform and patrols the border i live this every single day and i can tell you that border was more secure under donald trump than any other president going all the way back to president clinton when i started my career. that statement is flat out false and it is meant to misdirect. it is meant to try to give this sense that there is nothing going on on the border when in reality less than 20,000 apprehensions in april of 2020 and now 178,000 apprehensions in april of 2021. you tell me who is at fault. stuart: understood. brandon judd, thank you for being with us, see you again real soon. i am going to put on screen
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vaccinemakers and the stock prices. i noted that pfizer doing very well in the vaccine marketplace. pfizer is only at $40 per share. it has been exactly 5 months since the first jab went into an arm in america outside of trials. that was the first jab december 14th new york city. 154 million adults have now had at least one shot. 118 million are fully vaccinated. a vaccine clinic using lasers and music to attract teenagers. the clinic hopes it will cut back on and vaccine hesitancy. we bring you all the stories was back to the markets we have a nice rally on our hands, the dow is up, nasdaq a real gain, 243 points up for the nasdaq,
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susan is watching snowflake. >> an upgrade, goldman sachs worth $275, that is roughly 40% from here and that is because business spending will come back, cloud services and cloud warehousing, doordash getting money from steube was checks. delivery workers work less hours because of the same stimulus checks, they are raising sales forecasts for the full year. probably, the high-tech high-growth, zoom, facebook and deep buying taking place in the index fund. $17 billion worth, with the cell up we saw across the broader market. >> $17 billion worth. they went into by $17 billion
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rotated the us etf. that is very good news for the broader markets. stuart: you can see it going up. check the big board. is the selloff really over? i will ask david lefkowitz. what if i told you you could save the planet one pint at a time. a craft buri using green energy to power their business, hillary vaughan has that story right after this. ♪♪ ♪♪
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some days, you just don't have it. not my uncle, though. he's taking trulicity for his type 2 diabetes and now, he's really on his game. once-weekly trulicity lowers your a1c by helping your body release the insulin it's already making. most people reached an a1c under 7%. plus, trulicity can lower your risk of cardiovascular events. it can also help you lose up to 10 pounds. trulicity is for type 2 diabetes. it isn't for people with type 1 diabetes. it's not approved for use in children. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy.
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stuart: take a look at sixth avenue, the heart of new york city. it is 70 degrees, it is may fourteenth. they are not coming back in any numbers to midtown manhattan. let's get to the markets. a nice showing today. lots of green, dow is up 300 points and the nasdaq up 250. that is a rally. david lefkowitz joins us.
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are we going straight back up again? >> hard to say what will happen in the next few weeks but i do think we are not done with this rally. there are more highs to come. what willpower that is continued gains, corporate profits. we see a phenomenal first quarter of earnings season, profits up 45%. we think we will see something similar this year and into the years ahead. that is the fuel for the bull market. that tank is still pretty full. you've got the fed which is in no hurry to raise interest rates. that's a good environment for stocks, still the base case for further stock gains over the next 12 months or so. stuart: the fed think this blip up in inflation is just a temporary thing. you agree with that? you think they can manage this blip up in inflation? >> i think it is reasonable to
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assume this is a blip. if you look at what is going on in the broader economy the supply side is trying to adjust to the surge in demand that is coming as economies not just here in the us but around the world start to reopen. it is not surprising we are seeing the supply side having some issues with that. it will be crucial, what is happening in the labor market. looks like there is plenty of slack in the labor market. we know there are 8 or 9 million people that used to have jobs before the pandemic and don't have them today. those people should come back to the labor force, that you keep inflation pressures in check but we probably need to see the pandemic fully wind down and some of the enhanced unemployment benefits need to expire. that will happen the next several months but there's enough slack out there that the
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inflationary pressure is problematic. stuart: how about this as advice to our viewers, not time to shift out of stocks and into someplace else. stay the course for now. would you say that? i think we've got something called a freeze-frame, suddenly the video freezes, can't hear what i am saying, can't say anything, doesn't know what i am asking so there you have it. that is live tv. we lost the shot but if he comes back we will get him back. next case, this is american craft here week. hillary vaughan is at atlas brew works in dc which i believe is the first solar powered pub in the capital.
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>> reporter: it is the only solar powered brewery in dc but not the only one in the united states. i want to show you around, there are others in nevada's breweries, they get some of their energy from the sun. there are others around the country but their ceo decided to make the switch in 2014, doesn't get all the energy from solar power, they need to be connected but it does save 35% on energy cost. they need natural gas as part of the job. the small business is what president biden through his green energy goal wants the rest of america to look like. that means using a ton of local and federal taxpayer cash to cover most of it. dc is the most generous with taxpayer cash. there tax credits cover 87% of the total costs to install
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solar panels meaning 20,$000 installation could only cost a business or a homeowner $2,500. the biden administration wants to reach net 0 carbon emissions by 2035 but some power has a dark side when it comes to supply because going solar means china right now would be the biggest winner unless something changes in the supply chain. the us solar industry right now has 2 import 80% of their supply from other countries, china is the leader in that and i talked to the solar installation companies. they tell me they do offer made in america solar panels but most of their supply comes from places like china and vietnam. stuart: thank you very much indeed. let's take a look back at money. it is friday. we have a bounce in the markets after a couple days of heavy
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selling and air b&b up one.8%. susan, you spoke to the ceo of air b&b. what did he tell you about summer travel? >> travel is coming and the mask mandate's lifted by the cdc, it is a game changer. interesting insight on the colonial pipeline hack, americans are short a trip. what happens when gas prices spike. >> planes consume a lot of oil. the second thing i will say, one of the most economic ways to offset the cost of travel is not do so many back-and-forth trips, to go to stay places longer. go away one time for the month.
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>> interesting conversation, remote work, a lot of bookings for 28 days, remote worker longer stays going forward. stuart: i heard that and air b&b is up one.75%, nice game this morning. friends is coming back. >> we were on a break. >> if you say that one more time i will break up with you. stuart: i'm told that is a very famous little clip. i didn't know it myself but i'm told it is famous and reunion finally has a premiere date. we will tell you what that date is in a moment. and this, and is it possible to
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be a comedian in this woke day and age? i will ask adam corolla next. ♪♪ ♪♪ 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 ;) stay restless with the icon that does the same. the rx, crafted by lexus. lease the 2021 rx 350 for $439 a month for 36 months. experience amazing, at your lexus dealer.
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stuart: another beatles song. we should apologize to our viewers from the midwest. we keep showing coastal beaches where the weather is fine and dandy, 77 degrees in tampa, florida. ellen the generous speaking out after accusations of a toxic workplace on her show. watch this. >> i read in the press there is a toxic work environment which i had no idea, never saw
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anything that would point to that. >> did you feel you were being canceled? >> i didn't understand, i still don't understand it. it was too orchestrated, too coordinated. stuart: look who is here, a welcome guest, adam corolla. i watched that clip and it seems like ellen to generous is playing the victim of wokedom. >> i did ellen degeneres's show a couple times and last time i did was a long time ago, 10 years ago, i took note of how scared her staff was. when you enter a show, could be the jay leno show, jimmy kimmel, david letterman, there is a vibe like there is in every workplace and you go to jimmy kimmel's show everyone is relaxed, everyone is in a good
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mood, there is no pressure. i did ellen's show, everyone was scared. that is the impression i walked away with over ten years ago. her thing about she didn't know what was going on may be true. i am a boss and i don't feel like you need to be everyone's best friends, you need to treat people fairly and most importantly pay them but i did take note many years ago that her staff was scared. my segment producer who was handling my shot was frightened. stuart: how do you navigate this cancel culture? you are a comedian. that is a very different thing a difficult to be a comedian in a woke environment. how do you navigate it? >> i say whatever i want whenever i want and that is it. those are my rules, those are the only rules. if not, why be a comedian? it is the opposite of being a
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comedian trying to figure out what people want to hear or what you will get in trouble for what you might offend someone for saying. you can't go through life that way is a comedian. i say whatever i want to say and i don't apologize and it is not -- it has not helped my career but money and success and the amount of network tv shows you are on is the end all be all. at the end of the day it is about creativity, artistic expression. if i can lay in my hospital bed dying with my family around me 25 years from now and say i said what i did to say that i will be happy. stuart: how about masks? when you go on stage trying to make people laugh, you're a comedian do you want people in the audience to be wearing masks? >> know. i don't care. i don't have thoughts about it. i have little regard for most
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of the stuff that has come out of the cdc over the last 16 months because they have been so all over the road with it. i fly commercially all the time. they force you to wear a mask to get on the plane then hand you a bag of pretzels and tell you you can take the mask off and eat your pretzels but then put your mask back on but then hand you a soda and say you can take your mask off. here's a thought experiment. i work on cars. i will paint cars. there's paint -- if you are spraying lacquer you have to keep a respirator on. imagine spraying lacquer and then saying it is okay to take the respirator off if you want to eat some snacks and then put the respirator back on? it wouldn't work. no one in the audience wears a mask and i don't care. stuart: bring me up to speed on california. you hear a lot about the various imposition of restrictions, lifting restrictions, schools open, not open, new some recalled.
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what is the average in california right now? >> it is oppressive. gavin newsom is essentially dictator and he is a buffoon. i have interviewed gavin newsom that if you want to listen to me dismantle gavin newsom on my podcast from about 5 years ago it is on the internet called the adam corolla show. i dismantle him for 45 minutes. your audience will enjoy that. he's an idiot, california is overregulated, the schoolteachers were cowards. i should say the unions, not the teachers, the teachers are heroes, they just work for union that are coward, that are closing down all the schools and control the governor. that is where we are living. we are living a place where disneyland is barely open, everyone has to wear masks, we like rules in california because they want to tell people what to do. that is your and simple what it is about. it is not safety but regulation
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and overregulation. that is why everyone is moving out of california. stuart: why don't you move? >> i'm going to. i have my kids, they are barely in the school. my kids are just entering high school. i have twins. i'm going to stick on this burning garbage barge for another 3 and a half years and then i about. maybe we will get a new governor and things will change. stuart: a pleasure to see adam corolla is not raining himself in at all and we love to see that. come back on the show anytime you like. you are welcome guest and we appreciate it all the time. stay right there. friday feedback is next.
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stuart: i apologize to our
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midwestern viewers for showing beaches that are attractive. let's kick off friday feedback at santa monica, the first comes from jb, quote, i have watched your show for years and i love it but i have to leave you if you do not reduce your coverage of elon musk. you've become myopic of him. is not the end all be all of the human race. let me respond to that. elon musk moves markets big time, this is a financial program when he moves dogecoin and everything else. anything to add to that. >> innovator, game changer. when he sent people to mars and puts us on electric cars, that is a big deal. he might put chips in your head in the future. stuart: watch out for that. there's this from harry back.
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city winning the premier league this week. let me interpret that. city winning this week, manchester city winning the premier league and another london soccer team. your response. ashley: i thought liverpool was the biggest surprise, they walked away with a championship last year but were poor this year and may not qualify for the champions league. as for arsenal i think the manager has to go. they need to get back to basics and go brighten. stuart: our apologies to american viewers who don't understand premier league soccer. this comes from jim barnett.
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if you have 30 minutes to meet with president biden and your objective was to explain to him why he should change his strategy and include more of the policies you and i believe in what would you say? i tell him straight. i am a refugee from socialism and i don't want to see america go down the same rocky road. it ends in disaster. i see gestures from ashley. ago. >> go ahead. ashley: i would say take your mask off and look at all the states that are big spending new york new jersey connecticut california and say to him why are they are fleeing to states that are low tax and free enterprise and freedom of expression. that is what i would say to the president. >> i like vaccines, we are reopening. i don't like the national debt, with who will pay for it? the younger generation. stuart: that would be you. look, thanks, everybody for sending your feedback
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questions. i'm not going to give you the trivia question. i've got the answer on it. what is the smallest country in the world? vatican city, granada, maltese? the answer when we come back. ♪ ♪ (upbeat music) ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪♪ (vo) the rule in business used to be, "location, location, location." now it's, "network, network, network." so you need a network that's built right. verizon business unlimited starts with america's most reliable network.
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do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. our friends sold their policy to help pay for their medical bills and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned that we can sell all of our policy or keep part of it with no future payments, who knew? we sold our policy. now we can relax and enjoy our retirement as we had planned. if you have
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one hundred thousand dollars or more of life insurance you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit conventrydirect.com to find out if you policy qualifies. or call the number on your screen. coventry direct, redefining insurance. stuart: all right. what is the smallest country in the world? answer, i think you probably guessed this, vatican city.
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yes, it's landlocked, surrounded entirely by italy. it's just .2 square miles in area. that means manhattan is 120 times bigger than vatican city. got that? quick check of the markets. this is a rebound. you're up 260 for the dow and 240 for the nasdaq. coming back strong. david asman in for neil. hey, david. david: nice to end the week in the green. that's a good sign. thank you very much, stuart. have a great weekend. happied friday, everybody, i'm david app asman in for -- asman in for neil cavuto. we have the latest news from every conceivable angle. frustration at the gas station all over the east coast today, worst day for gas prices as drivers are racing to fill up for the weekend. how long will the pain last? and what was the hack about? was it more about something other than just the

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