battery, the phone is no longer expected to function as of today, the blackberry was on the market for 20 years. >> a sad day, submit time when you can do emails to make phone calls, a better time. dagen: thank you for being here this morning. "varney and company" is up now. you take away. stuart: good morning, everyone. i will start with a big number, you'll see why it is so important. 1,082,549, that is how many new covid infections were reported monday. that is a spike and a half. 1 million cases in one day. it is shocking but brings us closer to peak covid and that

means we are closer to the other side. when infections come down fewer are in quarantine and businesses get back to work. that is the up domestic position. investors appear to be on board with it. the dow hit a new high the first day of trading in 2022 it is moving up a bit more, a gain of 150 points, well above 36,600. the s&p also going higher and the nasdaq with a gain of close to 40 points. there is always apple, we see the trillion dollar valuation mark moving up a bit more today, 18280. tesla continues its run. the company gained a stunning $144 billion yesterday. earlier this morning it crossed above $1,200 a share down a couple bucks at 1197. what a performance. that's the market. politics, president biden blames lack of competition for rising meat prices. he will fix meet inflation with

antitrust laws. obama's treasury secretary larry summers says the president has it all wrong. the what larry kudlow thinks about that. outrage in chicago. teachers made a series of demands about testing and masks. they will vote today whether to go remote. my opinion the teachers union has damaged the education of an entire generation of children and should be held accountable. tuesday january 4th, 2022. "varney and company" is about to begin. stuart: got to get to this was the covid surge hitting a new record yesterday.

well over 1 million cases reported in one day. good morning, break it down please. >> reporter: on monday as the nation got back to work, to school in many cases, 1 million cases reported. we knew the number would get this high because we are testing testing testing. if you are keeping track over the past two years the nation has seen 56 million infections since covid first hit. i will bottom line this with an optimistic tone. i think, crime gets us out of the pandemic because so many people have it. stuart: you can't keep having 1 million new cases every day forever. at some point you got to trend down and see the other side. i think that is the optimistic case. let's bring in doctor marty

maccarrie, we are at 1 million cases a day. we've got to be close to the peak, haven't we? >> not many people left in the united states who have not had the infection a been vaccinated. there is very little vulnerable exposed people around. if we follow the preview we've been following, and this is the normal virus, we normally see a spike in respiratory pathogens around this time of year. stuart: if we see the other side, as we reach the peak and start coming down do we think restrictions will be lifted? >> depends where people live. the fear mongering has been so intense, so me play people expect strict protocols, colleges and universities, many still have vaccine and booster mandates on the lowest risk possible on planet earth ignoring natural immunity, strict masking rules, some testing twice a week and on top

of all of that they are going virtual and that makes no sense. i don't have faith we will be using a rational approach as we step out of this pandemic. stuart: what a shame. we learned yesterday the fda has authorized pfizer booster shots for youngsters 12 to 15 years of age. do you think youngsters of that age should be getting boosters? >> no evidence they need them. there was a study in the new england journal of medicine looking at boosted and then boosted young people and those who were unposted, just have a primary vaccine series had a risk of dying of 0. you cannot lower risk of 0 any further with the booster and there are known complications, myocarditis which is estimated to occur in as many as one in 2000 young men, not something we should take lightly. i was very disappointed they --

this is why two top officials quit the agency because of political interference over this exact issue. boosters in young people. stuart: if you look at last two years what is your judgment on public health policy? >> it has been excessive and they provided terrible data and in general we had one or 2 people making all the decisions in the united states, they chose a one hammer approach of using vaccine doses ignoring therapeutics, ignoring the low-risk nature of the of - of young people. stuart: i take the optimistic view the peak of covid is close and i'm dying to see the other side. thank you for being with us, appreciate it. let's supply the peak covid idea to the markets. let's have a rally in progress, i have been saying because we

are near peak covid and can see the other side, that's why we have a stock market rally. what say you? >> exactly right, no question, the market looks forward and in the next month or so if there's a new variant that comes down the pike, this is the market that is effectively against fear and panic, prolonging fear and panic and opportunities abound, 2022 is a field that will be littered with selective opportunities especially outside the top stocks that drove the s&p in 2021 and not just here but globally. we share that optimism. stuart: we continue to see new highs in the early part of 2022. >> i suspect we will see new highs and pull backs. i would welcome a pullback of 10, 20%. let me add the best ideas,

thing that is increasingly difficult to do but as a global investor and long-term investor, the us is the only stomping grounds. when you look at europe, china in terms of the debacle, self-inflicted in markets last year, we think there's an opportunity so long as you have the guts to enter those territories. stuart: would you steer clear of big tech? it has been doing so well recently, microsoft, apple and all the rest, stunning performance. would you steer clear of them? >> not yet. maybe not ever. you can't brush your teeth without technology being involved in it, tracking whether you need to have your toothpaste, we think tech is here to stay, it is in every aspect of our life but you've got to pay attention to price valuation and they are -- better opportunities, not just

in financials but also healthcare which got beaten up in 2021. that is an area poised to have a good 2022. stuart: glad you share my optimism about seeing the other side of the covid surge. see you again soon. you got to look at apple. the current quote 18271 to be precise. they are officially $3 trillion company now. >> reporter: they had the market during the trading day yesterday, 182.85 is the number to watch if they can close at that point. $3 trillion is amazing, bigger than the bottom 184 out of the 500 in the s&p 500 put together and it only took apple 500 days to go from $2 trillion to $3 trillion. who is next? microsoft now worth $2.5 trillion and out of that right behind them at $2 trillion. stuart: out for that and microsoft have got to go up

significantly to hit the next trillion dollar milestone. >> true. that if apple can do it quickly i think they are both promising companies as well. stuart: very interesting forecast. glad you included microsoft. we've got tesla on the screen pre-market, 119888. how much, the news yesterday, and the value of the company. >> starbucks, tesla gained starbucks $144 billion in market cap yesterday. the values $1.2 trillion, really astonishing. elon musk's network is back up to top $300 billion. yesterday was the best day for tesla since march. we heard from and lives of wedbush who says a green tidal

wave is taking hold for tesla and now it always was but now more so tesla is a barometer for consumer demand for electric cars. it is really popular with a popular ceo. stuart: up $144 billion in one day and musk is worth $300 billion. what a day. that's get back to the markets, here's what futures are telling us. the market will open tuesday morning on the upside, solid gain for the dow, possibly another new high and there is this. the governor of florida, ron desantis mocking aoc's visit to florida. role tape. he is not whispering. we just got the audio wrong but we will catch up later. he says the lockdown politicians come to florida to enjoy life. new york city council member

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stuart: nice rally on wall street. another nice rally as we start trading on the second day. dow is up 160 points. leaked emails show new york city officials were using race to prioritize where they were

sending covid tests. joe borelli is minority leader joins us now. your constituents having a hard time getting tests because of race? >> directly. this is as bad as it sounds on its face. we were facing the highest numbers in the city for period of time, two or three weeks and when we do the responsible thing and tried to get more testing sites to combat the 6-hour lines people had to wait on we were told the city is using its task force on racial equity and inclusion in order to determine where testing kits were given. there is nothing on his face wrong with having a task force to get kits and testing and vaccines into the hands of people who might be vaccine hesitant. the problem is when the city only prioritizes neighborhoods that meet the racial rubric to hand out supplies and life-saving medicine.

stuart: what is the response to it? now it is out in the public? >> at one level the adams administration reversed course, they've been nothing but proactive and helpful and we have new sites and testing online now so this is a positive step. in the city and state level guidance or positions on when to allocate different medicines. this is the second story basically about the same thing where new york is encouraging physicians to consider race in terms of ascribing oral and monoclonal treatments. there are two levels and we are getting somewhere with one thanks to eric adams. we are not getting far on the other side thanks to state regulations against the position. i'm optimistic that there's a lot of work to be done. stuart: let's talk about education. eric adams says he will try his best, keep the schools open. this is important to parents in

all big cities, new york in particular. do you think he can do it? >> the rhetoric is 100% right on this one. will be actions follow that is the question. if we continue the deblasio mandates, continue the state department education mandates how often and how many students must quarantining be shutdown when there is a single or 2 or 3 incidents we won't be able to do that so i appreciate his head seems to be in the right place and his goals seem to be in getting kids constantly in school where they should be but if it doesn't get met by a policy change that is the problem. stuart: he says he will keep the vaccine mandates on private companies with 100 people or more, that's hit new york city badly. >> this is where he's wrong. are vaccine mandates of not worked. there is evidence of that happening right now, the epicenter, not just of the country but almost the world of new cases of omicron variant.

it is not working. to double down on deblasio era mandates went on the one hand you are saying you want people to return to offices or to work is counterintuitive. people on wall street, insurance company. some parts into the vaccine mandates. to allow those people who come back to work. stuart: our viewers are watching sixth avenue midtown manhattan. it has nowhere near the foot traffic and vehicular traffic it would have on a day like this. it is not working in the middle of new york city. thanks for being here, we will see you again soon. senate majority leader schumer has just talked about build back better, had some statements this morning. >> 7 or 8 senators meet today

with joe manchin. why is that important, senator manchin is open to a deal, he's most concerned about the child tax credit because before the program ended a few days ago families who made a 400,$000 a year were getting some money. will that because war and they agree on putting lower income on it? build back better, democrats are desperate but it is not dead yet. stuart: there's an explosion of covid cases on capitol hill. is that accurate? lauren: the 7-day positivity rate is 13% so the attending physician, urging the maximum amount of remote work possible. if you have to go to the capital, where an and 95 mask

because it is very transmissible. stuart: we started with a huge number of new cases. 1,082,000. it occurs to me that a low number. that does not include home tests that were not reported. lauren: it is safe to triple that number. when testing people at home, if you have the home tests, there is not a good way to report that your state. it is different in each state. stuart: that is why midtown manhattan is deserted. thank you very much. lauren: personal responsibility, kudos to people out there for doing the right thing. if you test positive and stay home, i look at the bright side, thank you. we have come a long way. stuart: thank you. check futures one more time. we are back with "the opening bell". ♪♪

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stuart: this is the second trading day of 2022 and we have another rally at "the opening bell". dow is up 170 points. luke lloyd is the market watcher this tuesday morning. new your hitting new highs despite the surge in covid. in your opinion what is the biggest threat to the market right now? >> there's a big difference tween the most likely risks and absolute biggest risks. heavy mandates and restrictions, the nationwide mandates, there's politics behind covid and not the viruses which every investor is worried about. if we shutdown again the federal reserve, should they be hawkish or dovish to combat inflation or not. stuart: that is unlikely, isn't it? another mask shutdown, mask mandate of all kinds, that is unlikely, if they are close to

peak covid and see the other side. i can't see putting in mask shutdowns, if the number of cases is starting to decline rapidly. >> when it comes to this administration anything is possible. we are seeing states like new york city, new york, california, putting mask mandate, vaccine passports. even if we don't fully shutdown the mask mandate and vaccine passports destroy economic growth so most states follow, that's not good. it's not the most likely biggest risk but absolute biggest risk is possible. stuart: i see some companies especially those that run the big office building in midtown manhattan. some of them are retreating better than testing, not encouraging testing because they don't want to turn positive and go into quarantine. it is starting to move things towards opening up. i see this positively.

>> i do too and i am there with you. we saw yesterday three times the number of cases, the previous become the pandemic and that the reported cases. that is 6 or 7 times over the peak of the pandemic, that is half of what they were. that tells me the direction we want covid to go and investors agree with that. that being said it is all political. politics influenced finances, if it influences a political agenda that is good. stuart: absent the senior side, are we going to keep hitting a series of new highs in the early part of this year? >> we've got to take a step back for the past couple years. the hurdle over investments this year, when that happens earnings estimates go up next year.

in 2022 we are back to pre-covid earnings growth, especially rising interest rate environment. 2022 will be a letdown year if you expect double-digit market returns. we've been spoiled with 15 to 30% gains, time to get back to reality. stuart: we have been spoiled. thanks for joining us, see you again soon. "the opening bell" for wall street, in 3 seconds trading will begin on the second day of this new year. we are expecting to starts in the green and we have started in the green, up 160 points, 170 points from the start, half a percentage point, that is a new high. the s&p hitting an all-time high, 4800 now on the s&p. the nasdaq is up a fraction. nothing like the gains of the

dow or s&p, up 0.68%. not much going on the nasdaq. the big tech, the performance level, the one loser is microsoft which is only down $0.50 but apple is in their at 18248. apple an all-time high, that will be intraday, it did hit 18265 or whatever it is for $3 trillion yesterday so you're a little shy of $3 trillion on apple this morning. tesla is the big stock yesterday, not doing too badly today, down one.3% but look at the level, 1185 is your price on tesla as of this morning. come on in and take a look at forward. are they ramping up production of the electric truck that i want to get? the f 150? >> not just ramping up. the annual production of the f

150 to 150,000 vehicles. already they have 200,000 preorders, so many they had to stop taking them for little bit. i found the shocking. 75% of preorder customers are new to the ford brand. i thought it would be people like you who like the f150 and say i will try and ev but these are brand-new customers. one more thing, ford's stock is up a lot. they just said the biggest challenges boosting production to meet demand. demand is apparently there. stuart: it would be unusual to buy a gasoline powered car as opposed to an electric vehicle and it is something very unusual. blackberry, let's talk blackberry. i remember it so fondly back in the good old days before real smart phones but today is the last day of the classic blackberry. it is gone. nicole: the end of any red. executive, journalists, politicians of learned to type with their thumbs.

blackberry has pulled the plug on their service after 22 years. blackberry is a cyber security company with a lot of government contracts and they are a means stock. investors don't care the service is kaput now. stuart: i loved my blackberry and when i had to part with and get a smart phone i was devastated. i hate new rings and it took me a long time to get used to a smart phone with a screen as opposed to a keyboard. how about you? diane: right there with you. i resisted. i used my blackberry until the keys were coming off and finally i had to transition to the iphone and i got used to that. what is the next thing that will confuse us? stuart: don't ask. i am going to talk about general electric. recently, the last couple days, last couple months of last year, credit suites, i understand, big investment

firm, they think the slide is over and they are going places. neil: they said it is down, back in november, by the dip and giving credit suites a 122 price target which implies a 25% upside, upgraded them to outperform, they like the execution of the transformation to energy, healthcare. stuart: we have a strong start to the day, four minutes into the trading session, the dow is up close to 200 points and we have solid gains across the board this morning, s&p is up 16 points. coca-cola close to $60 a share. that -- is the big investment firm betting on it? lauren: guggenheim upgrading to buy, business is getting back to normal, on premise, stadiums, bars, that demand has been strong, that's a good sign and in the emerging markets and that was surprising because the

emerging markets don't have the vaccination the western world has. they are doing okay in those markets, slapping the with a $66 price target. stuart: this could be part of the move to look post the covid peak where we can see the other side. i can see how companies like coca-cola could do quite well if opening up again and getting back to business. show me at&t and verizon. they will delay the rollout of 5g i think. neil: they are agreeing to do so for two weeks. there is concern and this is important, concern by the faa and the transportation department that 5g could impact the pilot's ability to land. they can't see the runway when they are near 5g cell towers. 5g was expected to be activated tomorrow in the midst of a holiday travel nightmare. now you're getting a pause, the phone companies agreeing to that cause which yesterday they said we are not going to abide

by the government's request. i'm asking why this turnaround overnight and what can be done in two weeks and i think this gives everybody breathing room for the government to continue to study it and come to the conclusion that the phone companies say there is no disruption or if you are concerned we will lower the speed like they do in france. stuart: both stocks up. look at the winners among the dow stocks, there are 30 stocks on the dow industrials, the top gainers jpmorgan chase, american express, goldman, financial companies are moving the dow this morning. how about the s&p 500? the big winner there is the ford motor company, nearly $23 per share doubling production of the f 150 electric truck. nasdaq winners, the top of the list, squinting here, bookings, holdings, back to work, opening up trades is going up again. let's see, can't quite read it

but the big board is up, the dow industrials up 206 points on the upside, 36,000 36,794. the 10 year treasury yield, a huge move in treasuries yesterday with the price going up, sorry, the price going down in the yields going up. the yield has gone up more this morning to one.67%. price of gold around $1,800 an ounce, up $9 this morning, bitcoin still meandering around, 46, 47,$000 per coin, 37 even at the moment. oil back to $76 a barrel, natural gas, a cold snap up and down the eastern seaboard but has not done much for natural gas prices, only a tiny fraction, 385 per million british thermal units, average price of a gallon of gasoline $3.29, still up, i should say

one year ago today, it was 226 -- $2.26 and, to date is $3.29. california still suffering. the price of regular averages $4.66. that is california. coming up, is arizona the next virginia? education is quickly becoming a hot button issue and it could be what turns the state read again in the midterms. we have a report on that. omicron searching. some hospitals fear they could be overrun. they don't have enough staff. some are reversing the vaccine mandate just to keep open. president biden blames the rise in meat prices on the big meat companies. watch this. >> president biden: capitalism without competition is not capitalism. it is exploitation. that is what we are seeing in meat and poultry. stuart: exploitation. i wonder what larry kudlow thinks of that. i ask him because he is on the show next. ♪♪

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stuart: 12 minutes into the trading session and we are up across the board especially the dow which is up 200 points. the nasdaq turned south two points. the president once again playing the economic blame game. no answer to the supply chain crunch. hillary vaughan, is congress doing anything about the supply chain? >> reporter: they are looking into in a bipartisan way how the supply chain issues that americans are experiencing could have an impact on national security but americans are concerned every day when they look at their kitchen table, putting dinner on their

plates how much the price of meat is costing them and that is something president biden yesterday announced he is trying to take action on but instead of acknowledging the excessive new government spending adding to the rising inflation, president biden citizen a big bag aggravating this inflated prices in meat. large corporations the controller meet market that is contributing to this. >> president biden: i was in my kitchen yesterday, my wife was there with her sister and good friend and marianne and was saying the realize it is over $5 for a pound of hamburger meat? $5? the market is being distorted by lack of competition. >> reporter: president biden is spending $1 billion to help the independent meat and poultry producers to compete with

tyson, jb s and seaboard. biden says those four are pushing small farmers out of the north american meat institute which represents the largest meat producers in the industry says when it comes to inflation the buck does not stop with them. the spokesperson telling foxbusiness there have been four firms operating in the fed cattle market for 30 years. why inflation now? labor remains the biggest challenge, but members of all sizes cannot operate at capacity because we cannot employ a long-term stable workforce and money is not the problem in the matter rescue plan, they did already they set aside $500 million in the meat and poultry industry for the issues and the white house thinks they need $1 billion more. stuart: they always need more. thank you very much. i will introduce larry kudlow to you and i hope to see him shaking his head in disbelief

of how a president blaming me price inflation on meat companies. have at it, shake your head. [laughter] >> this biden crowd hates business, their answer to every problem is blame business. let me make a couple points here. first of all as hillary vaughan reports you have your four big the beef companies that have been around for decades. we haven't had this kind of price inflation since the 1970s. doesn't say they are doing anything illegal gouging prices. it tells me that excessive government spending, money printing is the root cause of this inflation which is

impacting every sector, every nook and cranny of the economy is experiencing inflated prices and in some cases double digit inflation. that is the key point i would make. they blame gas stations for colluding over gasoline prices and then blamed the fossil fuel makers for being fossil fuel makers and told russia and saudi arabia to produce more oil and gas. how crazy is that, may be paying with that for putin and the ukraine right now. their answer to everything is blame business. here is the thing. show me, show you a specific infraction of the law because these are just general attacks and they had no specifics when it came to gasoline prices. i don't hear any specifics, they want to spend $1 billion,

why not spend $10 billion while you're at it, spend another $5 trillion while you are at it. this is virtue signaling, we hate businesses and the inflation is not our fault. it is absolutely crazy. stuart: your comment on peak covid. we led the show this morning with this extraordinary number, 1,082,000 new cases in one day. that implies to be the peak is very close and soon we can see the other side where we are going down in covid cases. i see this as a very strong positive for the market and the economy. what say you? >> i think you are probably right. the reports out of south africa. i read in the paper, london, they are all peeking and a lot of experts think we will peak in the next few weeks. it is hard to know about these things, but i also feel, we are

not the health science experts, not sure who is, but this omicron could be a blessing in disguise. i don't like to see anybody get sick. i don't like to see anybody hospitalized or fatalities but we all agree it is less severe, we all agree fatalities are way down and hospitalizations have been less severe. you get a lot of natural immunity out of this. that is the herd immunity between the vaccines and boosters and this could be, this could be a very good thing, a positive thing. no matter what the bidens continue to attack businesses for everything they do. they hate businesses. they love socialism, they want to regulate us out of everything. i don't want to send $1 billion, i would spend $100 billion and maybe $1 trillion to help them out. just kidding.

stuart: more of this from larry kudlow at 4:00 eastern time on this network. covid is really close, look at the rally. when we come down the other side, things change. that the subject of "my take" at the top of the 11:00 hour. a huge snowstorm shuts down i-95 and some of those drivers of been there and it is freezing. we've got the latest on that for you. vestors who can navigae this landscape, leveraging gold, a strategic and sustainable asset... the path is gilded with the potential for rich returns. your shipping manager left to “find themself.” leaving you lost.

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stuart: more havoc at the airport, 1200 flights already canceled today. lydia who is at newark airport. how is looking? >> reporter: it is getting busier by the moment, already 1200 cancellations, delays across the country, we are seeing more than 1000 but the cancellations, 1200, more than a third of the number of cancellations we saw yesterday when the airlines were

grappling with winter weather and shortages caused by covid but the tsa reported screened one..5 million people, not far from the pre-pandemic count of 2.2 million on the same day in 2020. a while ago we spoke to travelers who were catching flights back to houston after the holidays. they say they are relieved about the winter storm. >> coming back from houston there was a delay, a 4 hour delay, and huge line. >> because of my past experience traveling from houston it is chaotic. >> reporter: we are standing right by the spirit airlines check in counter. i saw employees extending that you, building the line to give more space to wait, maybe in anticipation of a longer line

to come later today. every time we check flightaware we see cancellations and delays, best advice is check before you head to the airport, you need to know what you're getting into. stuart: thank you very much. let's come to the top of the hour. in the next hour, florida congressman michael waltz, ceo of crocs is back with us. the arizona attorney general mark bearenovich is next.

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♪ you're simply the best, better than all the rest ♪♪ stuart: oh, yes, you are better than all the rest. nice choice of music, producers. good morning, everyone. it's 10:00 eastern. straight to the money. solid gain, a nice gain for the dow industrials. that's a new intraday high, up 267 points. goldman sachs and jpmorgan are big winners. together their contribute over 100 points to the dow industrial average's gain. their going -- they're going up. the financials are doing well because the yield on the 10-year treasury has gone to 1.66%.

bitcoin on your screen, $47,000 a coin, and there you have the yield on the 10-year, 1.66. now, we just got a very important indicator. it's the latest reading on job openings, available jobs. lauren, what's the number? lauren: it's still an eye-popping number at 10.562 million jobs open at the end of november, but it is an improvement. that's the positive. i did the math. i divided that by the 6.3 88 -- 6.88 million unemployed meaning there are more than 1.5 jobs available for 1 unemployed worker. so i why aren't people returning to work, remains the question. stuart: remains to be seen the answer to that question. all right. did you get some information on the manufacturing sector in december? lauren: yeah. this was worse than thought. this is the omicron hit on our nation's factories, right? it slipped to 58.7, so it fell

in december. and there you have it, that's the pandemic impact, if you ask me. stuart: that was looking backwards, so it's not as important as the indicators that look forward. all right, lauren, thanks so much, indeed. now this. does the teach teachers' union actually want to teach? they seem to be reluctant to go back to the classroom. chicago is the classic latest example. these are some of their demands before they'll go back to the classroom: pcr tests for teachers and staff, 300 new testing sites in the schools, special masks for all, and if a single covid case is reported, the principal can move classes to remote. today those teach teachers vote. if those demands aren't met, odds are they will vote to go entirely remote. that's chicago. pity the parents. they've constantly jerked around all over the country trying to juggle work and their kid's computer at home. pity the children whose

education has gone backwards. pity the teachers who actually want to teach and are 'em based -- embarrassed by their own union. late last year, it swung the virginia race to the republicans. it's going to be front and center this year too. the democrats are inextricably bound to the teachers union. it's actually a golden opportunity for the republicans. they should be pushing for big increasing charter schools or an extension of voucher systems, anything to replace the union-dominated, failing schools. and consider this, if a republican won the presidency in 2024, he or she could issue an executive order that deunionizes schools. wishful thinking, perhaps, but at some point the teachers union must be held accountable for their disgraceful failure. second hour of "varney" starts right now. ♪ muck.

♪ ♪ stuart: all right. tuesday morning, 10:03 eastern time. let's bring in pete hegseth, the one and only. now, you're a dad. you heard what i just had to say. do you think this is a golden opportunity for the republicans? >> amen, 100%. you should, be -- every republican should be running on vouchers, as you talked about, or educational tax a cents. i love your -- credits. i love your idea about defunding the unions because this is answer extortion for political control. there's nothing constitutional about public sector unions. the idea that government gets to be on both sides of the table and we the taxpayer pay for it. who gets crushed? kids. kids who need the education the most in inner city schools like chicago. so every freedom-loving candidate in the future should be running on educational choice for parents and ending the

stranglehold of teachers unions. they're all capture by leftists, and it's our kids who lose out as as a result. it has nothing to do with science. i mean, the teachers were at the front of the line for vaccines. they're vaxxed, boosted and triple boosted. that's not the issue. they want to extort more money. stuart: they just keep holding out for more and more and more. look what's going on in chicago. they've holding a vote on when to go all remote. they're going to go all remote if they can't get more of what they want; tests, more testing sites, new masks for everybody. i mean, it just goes on and on and on. where does it stop? when will they will go back to school and teach our kids in the classroom? >> it's a great question, stuart. i don't know where that ends. probably when more democrats get elected and fund them even more than their extortion cycles slow down for the moment. maybe that's what it is.

it has nothing to do with their safety. if they deem themselves to be essential workers like everyone else, then they should have been working to begin with. now they have all the protections everyone else had, and they can wear a mask, they can wear two maaings. filtration systems have been paid for to be improved. this is, thankfully, a less more deadly strain. we know kids are not any more of a carrier or infector by anyone else, and they're not affected for the most part by omicron. but try telling those things to randi weingarten. e pay attention to the vote, because you are right to separate teachers from the unions. the teachers are the unions. teachers are part of that. and if you see 60, 70, 80% of teachers voting to go remote, then it's the teachers who are the problem too, not just the union. again, there are a lot of great teachers in there, but they're voting for it, you're a part of it. stuart: got it. you're a bitcoin guy, i believe,

still. >> yes. stuart: we've got $47,000 right now on bitcoin. what's your prediction for 2022? >> well, it was up 66% in 2021. i think 2022 continues to be a year of more institutional adoption. the challenge will be regulation and the temptations of autocrats and others to want to tamp down on it. that's something to certainly pay attention to, but you've got a couple of south american countries that are adopting it, cities like new york and miami that have embraced it. people listen to me about this, i'm just enthusiastic about it and its possibilities. especially almost for individual freedom in transactions. i still love it, i do. stuart: okay. you've loved it for at least a year, and i think you're going to love it for a long time to go. hey, pete, you're all right. >> thanks, stuart. happy '22.

stuart: president biden appeared to be surprised to learn the piece of beef has skew rocketed over the past -- skyrocketed over the past year. watch this. >> i was sitting in my kitchen yesterday, and there's a sunroom off the kitchen. and my wife was there with her sister and a good friend named mary ann. and she was saying do you realize it's over $5 for a pound of hamburger meat? $5? well, this is partly, you know, the pound of beef today costs $5 compared to less than $4 before the pandemic. stuart: our guest this morning, frequent guest on this program, he is known as the cow guy because he has a lot to do with agriculture and beef of and cattle, and his name is scott shellady, and he's back with us today. what do you make of the president blaming big meat and beef producers for rising prices in. >> oh, i've got so much to say about it. number one, there are some genuine issues here just like there are genuine issues with shipping, the problems in the

ports of l.a., and when he weighs in to fix things, i'll give you a clue. we were shocked to hear that six months ago or five months ago there was over a hundred ships waiting to come into port. there's still over a hundred tip ships. but he fixed that problem, remember? 103 ships are still park turned there. the issue is we've got four big packers, and there are some problems, but by him wading into this issue -- and, by the way, how does the president get surprised by some of these prices? he should be surprised about $3.30 at the pump as well. i said this a long time ago, probably eight months ago, if he would just keep his hands off of everything that has to do with the economy, just think how better off this country would have been had he done just came in, sat in a chair and let the economy reopen, businesses rehire people back because that's not job creation, they're just rehiring, i think we'd be in a much better place.

here he is, he's going to wade into the issue and solve it just like he's softed the shipping crisis which he didn't solve at all. stuart: have you got strong views on apple? it became the first $3 trillion company yesterday, and it's hit close to that mark again which morning. what's your thoughts on apple? >> well, you know what, stuart? i looked at this because i find it interesting. it took apple 44 years to reach $1 trillion. and then it took two years to reach $2 trillion after that and, basically, 15 months later they reached $3 trillion. that's the trajectory. if you think about it that way. now, i wonder what a graph or a chart of our national debt looks like over that same are period of time. because the more money that the government tries to throw at our situation especially since, say, 2001 when we had the official problems, the more money that's been sloshing around in the country, the more printing that the government continues to do, i think a lot of that finds its

way back to the stock market and places like apple. now, apple does a great job with their product. i don't happen to have one, but they do have a great suite of things. however, there has to be a correlation with the amount of money that's been sloshing around out there with some of these stock prices because that is a shocking chart. 44 years to $1 trillion, a further two years to $2 trillion and 15 months to $3 trillion? that's amazing. stuart: yeah. some of the trillions we've been pumping out there clearly went to apple. very impressive point. scott shellady, appreciate it. i'm putting tesla on the screen. 3183 is the price -- 1183 is the price right now. what more do we have on this, lauren? lauren: so tesla has opened a dealership, a service center, sales and service center in china. that's the site of the uighur oppression, and the forced

dissimulation of muslim minorities. china's obviously big business for tesla and many other companies including intel, but critics say it amounts to economic support for genocide. and just recently president biden signed a bill saying you shouldn't do business with companies that exploit forced labor in that area. and here tesla is. no comment from elon musk just yet, but there is criticism of that dealership. stuart: i doubt that criticism has resulted in this minor selloff in tesla this morning. lauren: no. stuart: that's not part of the scene here. all right, lauren -- lauren: it was up 14% yesterday, so you had it coming down a little bit regardless. stuart: lauren, thanks. hospitals across the country becoming so worried about staffing shortages, some are reversing vaccine mandates just to get workers back. that's a development. very interesting. president biden promised 500 million at-home covid tests available by january. where are they?

edward lawrence will give us an update from the white house. governor desantis poked fun at aoc after she was seen partying it up in miami without a mask. watch this. >> if i had a dollar for every lockdown politician who decided to escape to florida over the last two years, i'd be a pretty doggone wealthy man. [laughter] stuart: nicely put. florida congressman michael waltz will join me to react to that right after this. ♪ ♪ at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner.

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♪ stuart: president biden's facing more scrutiny over his handling of covid. last month the president said 500 million test kits would be available in early january. well, it's early january, and we haven't seen 'em yet. edward lawrence at the white house. what's happening to these kits? >> reporter: yeah, you know, that's the big question, stu. i asked this morning. we still have not hear when those -- heard when those tests will be available, asking if the contract is souped, can't even get confirmation that it's been signed and we can get these tests. no elaboration. workplaces requiring workers to get tested, schools requiring kids to get tested to go back. for the holidays the administration told americans to get fested before see -- tested before seeing family members. the president dodged questions about whether testing should have been part of the guidance of the c, the c. morning representative buddy carter, a pharmacist by trade,

said he believes the administration dropped the ball on testing. he said two years into a pandemic they should have known there'd be this kind of demand. he went on to sea that when we get the -- say that when we get the tests by february, that'll be too late for this omicron variant. here's the president's plan that he announced before christmas. he's creating new federal pop-up testing sites in high demand areas. the government is buying 500 million at-home tests, as you said, to be given out via a web site the administration is setting up. he's also using the defense production act to make sure the companies that make the tests have the materials they need. i can tell you from personal experience this is still not going well. this past weekend i had to get my son tested for covid, we had an appointment over the weekend. 90 minutes into that appointment we're still waiting in line for that test. they apparentlied ran out of tests, had trouble getting the tests anded had staffing shortages to administer those

tests going forward. this is being seen across the country. stuart: it's chaos, and that's a fact. edward, thanks very much, indeed. i'm joined by congressman michael waltz, republican from the state of florida. there has been a serious spike of covid cases in florida. what's the governor going to do about it? >> yeah, stuart, i am in regular contact with my hospital ceos anded a morers in my area -- administrators in my area. yes, we're seeing an increase in cases. many of them, like you've heard and has been reported, are mild flu-like symptoms. fortunately, very few in the ir. >> u -- icu and relatively flat in terms of deaths. but there is a high frustration levels amongst providers and administrators because they can't get their hands on the monoclonal antibodies that they need for treatment. that's governor desantis' frustration, our frustration, the providers' us from

frustration. and the reason is it's being centrally managed by hhs and by the administration. first, stu, they paused the distribution of the antibodies, still can't figure out why, and that caused even more of a backlog. and then the one that is most effective against omicron, sotro for short, is an incredibly short supply, and they won't let states as of september of 2021, won't let states buy directly. let's get washington, d.c. out of the way. they're gumming up the works. hhs keeps flipping and flopping along with cdc and the administration. let's let the states buy them directly, the hospitals buy them directly. let's get government out of the withdraw and let these hospitals do -- out of the way and let these hospitals do their job. stuart: got it. alexandria ocasio-cortez was partying in florida maskless -- [laughter] i know you're laughing, congressman. just listen to what governor desan desantis has to say

about that. roll it, please. >> if i had a dollar for every lockdown politician who decided to escape to florida over the last two years, i'd be a pretty doggone wealthy man. you're bashing us because we're not doing your draconian policies, and yet you're the first place you want to plea to -- flee to, basically, to be able to enjoy life. stuart: still having a good old time in florida, congressman? looks like you're having a blast, to me. >> you may remember in the middle of covid, in the worse of it march, april of 2020, the entire democratic conference went down to puerto rico to party it up down there. i don't think this is anything new. but i did suggest for aoc to go to little havana in miami, talk to cuban-americans, and and she'll get an earful about how socialism doesn't work. the only thing it does is keep everybody equally poor. so that could be a constructive part of her visit if she wanted to actually open her eyes and ears to what socialism does to

people. stuart: we live in hope. >> friendly suggestion. stuart: congressman, always a pleasure. thanks for being with us. >> thanks, stu. stuart: yes, sir. got that get back to that winter storm covering i-95, major highway, in snow, shutting down parts of i-95. janice dean with us. what's the latest on i-95 in virginia? >> well, obviously, there are people on social media saying they've been stranded for 24 hours on i-95. we knew the storm was coming, we knew the storm totals were going to be epic. over a foot of snow in parts of virginia as well as maryland and new jersey. here are some of the storm totals here. but if i canned just mention that we have more snow on the way for some of these areas, and it's always a good idea to have an emergency kit in our car -- your carren in case you are stranded during or after a storm which is happening right now. it's really incredible, and these stories are heartbreaking. we just hope everybody is okay.

in terms of snow, hook at some of the visuals. on fox weather dock, they have been -- fox weather.com, they have been live all morning long and, hope any, things will start to move and we can get things to safety. taking a look at the current snow cover across the u.s., much of the u.s. is covered in some snow except for maybe oklahoma and our friends in florida, although we did see snowflakes in northern florida with this last system. the system in virginia that dumped all that snow, it's offshore now, but the temperatures, stuart, are into the teens and 20s, not even getting to above freezing. so that's my concern as well. in virginia, 280,000 people without power, and when you have temperatures below freezing for an extented length of time -- extended length of time, that's putting lives in danger as well. 32 inial raleigh, 26 in new york, 26 in chicago, and we have a reinforcing shot of cold air coming in from canada, we've got this clipper system bringing

more snow to the upper midwest and great lakes and reinforcing cold air. wind chills in the -20- -30 degree range. people are just advised to listen to your local weather, officials and your local authorities as well. back to you. stuart: janice, thank you very much, indeed. we'll see you later. now this: some teachers are refusing to work. they want a temporary restrain ising order against in-person learning. and we're not talking about chicago. we've got a full report on really where this is happening. crocs just bought hey dude shoes for $2 billion. shareholders don't seem to like this deal. what's the problem? i'll talk to the ceo of crocs. he's on the show next. ♪ walk this way, talk this way ♪♪

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♪ ♪ stuart: that is mack i gnaw island, michigan, a picture of freezing cold. gotta look at the markets.

look what's going on here. the dow industrials are up 300 points. the financial companies like goldman propelling the cow upwards, but look at the nasdaq, down nearly 100 points. why is it down so much? here's the answer, the yield on the 10-year treasury has spiked to 1.66%. when that happens, when interest rates go up, big tech especially tends to come down. and financials go up. look at 'em on the screen now. these are the big financial companies, and they're all doing very well. morgan stanley,back of america, j for morgan, citi, all of them senator significant gains because interest rates are are moving up. we're looking at halliburton, that's moving 7%. what's the story, lauren? lauren: so they were upgraded to overweight at morgan stanley. they lake their -- they like their commitment to capital restraint, and they see cash coming to investors. but the oil picture is also good. you had brent touching 80 just

moments ago. opec did meet today and, yes, they approved a 400,000 barrel a day increase for next month, they do not seem worried that omicron dents demand. and that transitions me to the next two companies, some travel names that are higher as well. you can see the cruise lines like carnival and also american airlines on here. so people, there's still a desire to go places. but i'm going to throw this out, the booster: so the fda made the booster shot available to the 12 and up crowd, and i think what that does is just increase protection for more travelers. i see that as a positive in addition to -- stuart: let me just interrupt for a second. lauren: go ahead. stuart: we've been doing this for two years. we've looked at the cruise lines. every single development with vaccines and mandates, the cruise lines go up, they come down. they're just meandering in exactly the same territory they've been in for years. nothing changes much, does it? laster.

lauren: i just find it surprising that the cdc says don't cruise, and cruise lines go with up on the day and day after. so i was trying to find a reason behind it. stuart: well, that's a good one, the booster reason. well done. have you got anything else for us? lauren: one more. sorry to end on a down note, but it's foot locker down almost 4%. jpmorgan ghei them a $42 price target but that was down from 60. why? cost pressures and competition, institute. stuart: all right. thanks, lauren. now this: crocs, you remember them, frequent guests on this program. they bought the italian casual footwear company hey dude for $2.5 billion. right after the announcement the stock dropped, the biggest drop in about 20 months. look who's back, a glutton for punishment himself, andrew reese, the ceo of crocs, a frequent guest on this program. all right, andrew. why did you buy hey dude? >> stu, well, happy new year,

and i appreciate being back on the show. so we bought it because we think it's a great fit. we hi the consumer overlap is very strong is. a lot of crocs customers can be hey dude customers hey dude customers today certainly have crocs in their closet. it's growing very, very quickly. it will do about $570 million last year in 2021. we project it'll do over $700 million in 2022. so it's fast growth, and i think we can really bring the expertise, the branding, the product development that really can take this company to the next level. web grow it internationally -- we can grow it internationally, leverage our digital capabilities and help them improve their digital business although that's very strong, and wal think from a wholesale perspective here in the united states, we can take them to another level. so we think this is creative to shareholders today and will be very, very valuable in the future. stuart: are you considering expanding in other directions?

i mean, hey dude is footwear just like crocs in many ways. would you expand or even think about expanding outside the immediate footwear area? >> yeah, possibly. i think our first prior city is footwear, right? priority. the foot footwear market is a huge market worth over $3 billion on an annual basis across the globe. but we also think that hey dude brand and the way it resonates with consumers definitely has potential, but we want to really cement the brand in the footwear arena first and then have potential beyond that. stuart: about six months ago your folks sent over a couple of crocs for me designed just for me. i want you to know that i do wear them, that i completely changed my mind about the acceptability or fashion statement of crocs. i like my care of crocs. i've got them down in florida at my house down there. >> excellent. that's perfect if, stuart. i know you have a farm upstate, so hopefully, you know, they can

transition between florida and upstate new york. stawt stuart great to have you back on the show, andrew. see you again real soon, i trust. appreciate it. >> pleasure. thank you. stuart: growing fears that hospitals will be are overrun because of covid not because of the new strain, but from staffing shortages. let's go to jeff flock. he's in philadelphia. how are the hospitals dealing with those staffing shortages there? >> reporter: well, stuart, in many cases what they're doing is they're putting off elective surgeries. grady trimble just sent me a note from chicago saying multiple locations in chicago are putting off not just botox stuff the, talking about valve replacements and that sort of thing. a lot of people blame the vaccine mandates on health care workers. look at the numbers from new york state. more than 30,000 health care workers either fired, furloughed or forced to resign as a result of the mandates. but in fairness, i'm here in pennsylvania, in philadelphia, at the hospital at the university of pennsylvania.

you know, this is home to the oldest hospital in america, founded by ben franklin who i think you covered back in the day. and they were one of the first hospitals to implement their own vaccine mandate. they did pretty well with it. also in new jersey virtual health care, 14,000 employees, 120 only furloughed, fired or forced out. rjw barnabus, another system in new jersey, 118 workers out of work as a result of its it. so that wasn't so bad. and we talked to an e.r. doctor in jersey who said the problem isn't hack of staff, it's too many people coming into the revaluate e.r. for all sorts of reasons, some of them just to get tested, and that's overwhelming them. listen. >> it's creating overcrowding in emergency departments, and it's creating really long wait times because now we have all of -- our usual sick patients on top of covid patients, and then on top of that we have people coming in that just want tests

because we don't really have a good testing system right now. >> reporter: there you have it, mr. very knit. as you point turned early in thd out early in the broadcast, it's chaos ott here. stuart: all right, jeff, thanks a lot. senator rand paul says he's sick and tire of big tech censorship, so he is quitting youtube. we're ten months away from the midterms, and republicans in arizona are hoping to pull a page from virginia's playbook. connell mcshane has that report. ♪ -- like the ceiling can't hold us. ♪ -- go back, this is the momen- ♪ tonight is the night, we'll fight til its over. ♪ so we put i our hands up like the ceiling can't hold us ♪♪

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♪ stuart: well, look at those dow industrials go, up 326 points,

getting, what, 90 points away from 37,000 on the dow industrials. going the other way, the nasdaq composite which is down 163 points. that's why big tech is down so much. amazon's off $45, meta platforms down. apple is winning but only just. alphabet's winning, but microsoft is down $2. this is what happens when the yield on the 10-year treasury goes to 1.66%. big tech sells off, the nasdaq goes down. the midterms coming up. arizona hoping that education is the edge that the party needs to take several critical races this year. we have connell mcshane in scots dill, arizona. -- scottsdale, arizona. is education the big issue there, connell? >> reporter: it seems like, stuart, it is, and that's what reminding a lot of people of virginia. remember the governor's race there last year. amanda's mother in the scottsdale area, she got a lot of attention out here recently.

so much so that one of the local school board presidents, she was telling me, has even been keeping close track of everything she's writing about education on social media. and it looks like she and other parents are poised to make quite a political impact in 2022. >> our school districts have teachers union yous, our school boards have associations that represent them, but parents don't have any type of collective group. we want to see our parental rights restored in education. >> reporter: so amanda's planning on report -- supporting republican candidates. it brings us to the question of the type of republican who can win in 2022. we interviewed two of the leading republicans that are running this year and, you know, they're different, but they're both polling well. carrie lake is a former news anchor here in the area. she is all in on president trump. he's endorsed her. she supports everything about

him, even the lies he's told about the 2020 election results. then you have mark burn slip, state attorney general, he's running for senate. he signed as a witness that certified the presidential race for the winner, joe biden, but they're both polling very well, and the party is quite confident. a long way to go here. we reached out to the democrats in those races including senator mark kelly, but we did not receive a response, but i are have a feeling this is not the only time we'll be in arizona this year. a lot of people watching it very closely. stuart: yes, they are. connell, thank you very much. the attorney general of arizona joins me now. mr. attorney general, the supreme court hears the biden vaccine mandate case this week. if you win -- and you may -- if the mandate gets thrown out, what does that mean for everyday americans? >> well, it means that our constitution is still alive and well because, you know, stuart, i filed the very first lawsuit

regarding the vaccine mandates because they're clearly unconstitutional. and what we need to emphasize in this new year is not just getting rid of junk food, but getting rid of junk science. and we need to be pro-constitution. so there is two cases that will be heard at the supreme court dealing with osha regulations and also with contractor rules. but there are other mandates dealing with individual federal employees. we have a case right now in federal district court that the courts still need to resolve. so this will not be the end of it. it is just one step in helping restore our constitutional rights. i'm very proud we have brought to the forefront whether it's on immigration or vaccine mandates, being there, fighting for all of our constitutional rights regardless of whether you're a republican or democrat, because it should matter to every one of us. stuart: are we about to see a real sea change in that mandates are a thing of the past and going forward we won't have mandates from top-down government? is that the way the tide is

turning? >> well, i hope so, stuart, because once again this isn't, you know, democrat versus republican. it's a fundamental issue of the constitution, and i'm a strong deliver that our constitution cannot be masked, distanced or canceled. and that's what the left's trying to do. the left is trying to impose from the top-down a centralization of power in washington, d.c. whether it's socializing the economy, nationalizing the elections or having these unconstitutional mandates that basically cede control to the federal government to, you know, folks like dr. fauci and other folks in the biden administration that essentially are going to tick -- dictate what we should do with our lives. government shouldn't be our nanny and, surely, shouldn't be our doctor. stuart: got it. mr. attorney general, thank you very much for being here. more bad news for president biden. a new poll shows his disapproval rating has reached a new high. brian brian kilmeade takes that on next. ♪ baby, are you down, down,

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♪ stuart: i keep saying it, the approach of peak covid, we appear to be almost there, is good news for the market, and

that's one of the reasons why the dow is up 340 points. we had over a million new cases just yesterday. the peak is close. we can see the other side, and that's a positive for the stock market. except for the nasdaq composite which is down nearly 200 points, and here's why. the yield on the 10-year treasury is at 1.667. not good for big tech. here it is, 10:51 eastern time. you know what that means, brian kilmeade joins me. brian, you're on. watch out. a new poll, brian, shows president biden disapproval rating hit a new high of 56% in december. and 60% say they disapprove of biden's handling of the economy. okay. how does he come back from that? suppose that we are close to peak covid. that we can see the other side. that would be good news for the president, wouldn't it? >> oh, it'd be great news for the president, but everyone's pretty clear it would have nothing to do with what he's to done. if you think about it, his big,

epic fail was his biggest plus. he promised things to get elected, and he didn't get close to achieving it. in fact, he tease us. he told us in july it was over. you realize that most people, including our secretary of defense, wearing a mask, double vaccinated with a booster, now testing positive. so the vaccines have not worked out like he claimed they would and was taking credit for until recently giving donald trump credit for it. now he's saying go back to school, but for a year he didn't. now we're in total disarray when it comes to mandates. some in courts to do it. and when you look at what's happening with the economy, a lot of this is him. and he's looking now to get more grants to now meat workers and smaller farms. where are we getting that money from? and he's still pushing the build back better plan while jamming down, trying to jam that down our throats. his only answer to everything is spending and vilifying.

i think the american people are too smart for that. stuart: you don't think he's going to make a comeback by the time the midterms arrive. >> if he goes 1-80-joe man-in i'll take your agenda or some of the things that eric adams is doing on crime and saying things like i love this country, like he said sunday, and i believe it's going to come back but we've got to live with this virus, you know what one of his quotes was, stuart? he must have gotten from your teleprompter. we've spent $12 trillion and we haven't beaten in this virus. we don't have another $12 trillion. we have to learn to live with it. if that becomes joe biden and he sounds more like joe manchin, that's a clinton-like pivot that got clinton a big re-election win. stuart: but i don't think he's going to do it. leapt me move on from there. i don't think he's going to do it. the university of memphis is reportedly offering faculty members $3,000 to infuse diversity, equity, inclusion and social justice into their

curricula. what do you make of that? >> the dumbest thing i've ever seen in my life. you talking about math? are you talking about gym? are you talking about sociology courses? psychology courses? what does that have to do with it? to me, i could not be more disappointed. i'm m in a pretty red state at an institution many people thought was somewhat conservative, and then you find out again the same thing that we've been seeing over and other again, infusing into other universities, that it's bleeding into texas and now gender equity, equity overall or reparations and things like that that are debt detrimental to our country, further divide us. but now part of the things that'll be on the exam or the test, and now we have professors getting incentivized to do it. for $3,000 you've got to do something you clearly are reluctant to do or else you wouldn't need money to do it. stuart: yeah. they'll pay you $3,000 to be

woke and teach physics. nonsense. absolute nonsense. out of time, brian. sorry about that. you were good again -- >> all right. go get 'em, stu. stuart: i see you all over television constantly. do you with ever sleep? >> i had a week off and now it's time to stop sleeping and get to work. [laughter] stuart: stuart: well said. thanks, brian. big show still ahead. look at this. elizabeth macdonald, joe concha and the former governor of new york, george pataki. the u.s. saw over a million new daily covid cases just on monday. unprecedented surge, and it's had an impact. millions are staying home, school closures are mounting. however, there is a bright side to this. peak covid is close, surely. that's my opinion. you'll hear more of it next. ♪ back to life, back to reality ♪♪

..

>> not many people left in the united states who have not had the infection or been vaccinated. we are in for a rapid decline in cases.

>> the politics behind covid, not the virus, is what in every investors worried about. the mask mandate and vaccine passports slow economic growth. >> it is not working, you double down on the mandates went on one hand you say you want people to return to offices, you want people to return to work it is counterintuitive. >> you can't brush your teeth without technology. tech is here to stay in every aspect of our life. the price evaluation of omicron. >> we all agreed on hospitalizations have been less severe. you will get a lot of natural immunity out of this. no matter what the bidens continue to work businesses for everything they do. >> our kids lose out as a result and it has nothing to do with science, we know that. ♪♪ we won't try further ♪♪ knocking down my free ♪♪ just because we get around ♪♪ talking about my generation

♪♪ stuart: 11:00 eastern time, tuesday january 4th, straight to the markets, solid rally for the dow industrials, big loss for the nasdaq composite, the 10 year treasury yield, this is why the nasdaq is so far down, one.66%. there was a sharp rise in the guild continuing today, not good for big tech. the financials benefit from higher interest rate. look at the list on the left-hand side of the screen, the big investment companies, all of them substantially on the upside. now this. we knew omicron was surging. now we know how big a surge it really is. on monday johns hopkins university reporter over 1 million new infections. 1,082,000 1,082,049 to be precise on one day and that is

a low number because it does not include people who test positive at home. this unprecedented surge has had a severe impact. millions of people are staying home, school closures mounting. it is not a government ordered lockdown, it is quarantine on a massive scale and it is no fun. it is grim. however. there is a bright side to this. peak covid is surely close. you can't have 1 million new infections a day forever and when we do hit the pecans come down the other side things change. fewer people will be quarantined, fewer businesses will close and authorities everywhere will be under pressure to loosen up on those regulations. look at that market rally up 270 on the dow, wall street setting records because investors believe peak covid is close. they can see the other side. hard to be positive in the

third year of this pandemic but 1 million new cases in a single day means the peak is closer. that is a big plus was we may be closing down a little now but we will be opening up again pretty soon. third hour of varney just getting started. welcome back to my colleague and friend elizabeth mcdonald who joins us now. the cdc said do you think we are looking to the other side of peak covid, looking at the other side and that is up another side. liz: i look peak geek, i look at the studies. don't look at what a lot of people say on television or in print. i like to read studies. we see that in europe, hong kong, talk about peak covid.

danish authorities saying we could be back to normal in two months. danish authorities, omicron is so contagious but doesn't go into the lungs issue and therefore hong kong and south africa studies are showing, immunity against other variants like the delta variant. we are seeing the who saying omicron could reach an endemic level. seeing positivity out of these studies, it could create immunity, not so much heard immunity but natural antibody immunity, that is what they are talking about, the 1918 flu pandemic lit on fire through 1918 but in spring of 1919 it

went endemic and the numbers started to go down, started to slide down. 675,000 people died in those two years. it is veterans and bad but we are learning to live with it right now and it is about treatments, trump's operation warp speed, bringing the vaccines and other drug treatments and testing. we have to learn to live with it like you do -- stuart: learn to live with it but close to the other side and the downswing from the peak. that is my opinion. congressman bobby rush, democrat illinois is not running for reelection, 24 house democrats not running again, is that a problem for speaker pelosi? liz: it is the road in her grip on power and washington post is reporting nancy pelosi will likely retire and step down after the midterms and there is a democratic civil war breaking

out about who can take over nancy pelosi's seat. steny hoyer, congressman clyburn, there's talk about that. jeffries is talked about as being taken out by his own left flank, the problem with this democrat run congress, one of the least productive congresses since 1987. it ranks fourth from the bottom. it has been really unproductive getting legislation passed. there was a time we had tip o'neill, ronald reagan, bill bradley doing social security reform, you see the working class voters leaving the democratic party replaced by the hard left voters and it could be argued critics are saying of these progressive leaders read the constitution? do they understand tax laws can only be enacted by congress?

now we've seen the far left congress saying president biden can pass tax policy changes by executive order. the back story of this congress in the pelosi era is destroyed entomology democratic party has become. enough already, nancy -- that was because of the destruction of the distraction the party. stuart: next time tell us how you really feel, don't hold back like this. i will be watching. liz: i won't hold back. stuart: i will be watching the evening at it hoping for exclusive commentary at 6:00 pm eastern on foxbusiness, see you again soon. show me apple, $179.89 committed to $3 trillion mark, backed off a little bit. $179.80 is the price. i am intrigued at apple. i think you are too. what are they going to do in

the meta-verse? any idea? >> what people are saying is the meta-verse won't officially started to apple, apple is the kings of hardware. they make better hardware than anyone. it is game on. until then a concept created by facebook and everyone around, everyone anxiously looked forward to what apple was doing. stuart: you think it will be spectacular and good for the stock price? >> a bump to the stock price, when it comes to hardware the meta-verse does exist and that is what apple has done best but launched the key to look for. more important the ecosystem they will create around meta-verse. stuart: i have been saying this rally for the dow is the result

of peak covid and we are looking at the other side when things improve. >> high price tag is high price tag, go look at apple, great company, trading the all-time high. evaluation starts to matter and the stock market, they don't ring the bell with the exchange. what it shows to the investor is why invest in the s&p? whether banks winner technology wins the s&p will win. this allows you to enjoy the rotation of stocks without having to micromanage your portfolio. stuart: we do a lot of politics on the show. look towards the midterms for a second. you know we do a lot of politics. if the republicans win, win control of the house and maybe the senate in november of this year would that be good for the markets?

>> we are just being cautious when you say if but we will say this, every business show you watch will tell people be cautious of the market because you expect a return but a republican win in the midterms combined with moderation of interest rates that the fed can do properly could be a huge tailwind for the market. i wouldn't discount that whatsoever. stuart: sorry we are out of time but we will bring you back again when i've got more time available. thank you for joining us. happy new year. look at blackberry. this news here, got to take another look at it. i think it goes out to the old blackberry is gone as of today. is that correct? >> officially after 22 years we pulled the pause on blackberry

service, still existed for some people but i remember my first blackberry. i forget what year, in the 2000s and i loved it. it was easy to type. i loved it and i didn't want to give it up for the iphone. lauren: stuart: or me. i was horrified when i got my first smart phone because you've got to adjust to all this new stuff and i found it very difficult but now -- whatever you say. tell me about toyota. neil: they thrown to general motors, the non-us automaker selling more cars in america for the first time, for 2021. first time gm hasn't been number one since 19315%. how many cars did they sell? 2.3 million versus gm. the work from home stocks are completely getting annihilated here.

this is because omicron is overtaking delta 95% of total cases are omicron, and it does show signs of peeking soon, you're going back to the office, everybody. stuart: that is the point of today's market. we see peak covid, the other side of the back to work stocks and the work from home stocks don't do that well. a simplistic picture of what is happening. thank you. now this. senator rand paul taking a stand against big tech quitting youtube and not stopping. teachers across the country pushing back against in person learning, some are even suing the districts to force remote learning. what a story. president biden was shocked to find out how much you are paying for dinner. watch this. >> president biden: i was

sitting in my kitchen yesterday, my wife was there with her sister and good friend, marianne, she was saying the realize it is over $5 for a pound of hamburger meat? $5? stuart: the white house wants to lower the price of meat with more regulations, a full report on that for you guaranteed. ♪♪ ♪♪ like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. so it's like my streaming service. well except now you're binge learning. see how you can become a smarter investor with a personalized education from td ameritrade.

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stuart: the biden administration is putting $1 billion in 2 a plan to lower

meet prices. hillary vaughan is with us. progressives weighed in on this billion-dollar plan. what did they say. >> reporter: it is very clear the president biden has no problem using his executive power to take action and spend billions of dollars, they want him to do it again and use his executive power to cancel student loans, drive down healthcare costs, take action on other things but what the white house has that is a priority to get meet prices down, they are saying that because some of the top corporations in the industry because they control such a large market share of the product they think they are to blame for the reason these prices are so high, accusing them essentially of price gouging but others say this inflation issue is a problem

prompted by the president's policies, not a situation where meatpackers and producers our price gouging and driving up the cost. the north american meat institute which represents some of the largest meat producers in the industry said this billion dollars in aid is not going to do anything to help producers or packers. instead the industry is rebalancing post pandemic, cattle farmers hearing a backlog of cattle and shrinking while demand is high, that is part of the reason for the higher prices but others say it is the cost of fuel and shortage of labor and the price of wages is driving prices up. >> increasing the amount of labor supply would be a huge help. just throwing money at a problem is not going to solve it. the meat industry, there is not a monopoly there. there is plenty of competition. federal money being put into private industry never works.

>> reporter: wages are high, the industry is paying $22 an hour just to get people on the job with benefits. stuart: we hear you, thanks very much. i am going to roll that soundbite again where the president is talking about meet prices and where he sounds surprised at the price of meat. watch this please. >> president biden: i was sitting in my kitchen yesterday, and my wife was there with her sister and a good friend named marianne. she was saying the realize it is over $5 for a pound of hamburger meat? $5. the pound of beef today costs $5 compared to $4 before the pandemic. stuart: i want to bring in jim lehman is running as republican candidate for arizona app senate seat, welcome to the program. i just want your reaction to

what the president said that, if lack of competition is causing price hikes and how he said it relating to a friend of the family sitting at the kitchen table in his sunroom. respond to it. >> i'm a business leader, built my own company in arizona. that kind of incompetence in leadership and not last 5 minutes in a competitive environment like us is. i've seen three things going on in the big picture, one that says the incompetence of leadership, buttigieg, small city, nothing like the supply chain of our entire country but in terms of mark kelly, not doing anything about it, the woke rules could go away tomorrow if we applied common sense, things like vaccine passports for drivers at some of the ports in the us and the largest in the world in

california and the trucks can't be more than five years old, crazy talk, and number 3, as a country we have got to get back to made in america, we've seen this over and over recently, have come to bear, the pharmaceuticals. the power industry is the same thing, transformers and steel. america first guy in arizona, i intend to be strong, we have to localize those rules and businesses have to live by control standard, works, safety, reasonable wages etc.. in us companies that import us, to step up, we have to step up, with investment tax credits to stand up american business and get back instead of the crazy supply chain.

stuart: it looks to me like the two biggest issues in arizona in the next election, the open border and education. can you deal with that in 30 seconds? don't have much time left. >> the national border patrol council, brandon judd, i talked to him the other day. the american people need to understand the invasion we are under, 42,000 per week, we are talking a baseball stadium illegally coming into the country, not to mention the druids etc.. the number one item needed by the border patrol. and and get back to the policies that work and powell do anything from day one.

close the southern border. stuart: the republican candidate of the senatorial seat in arizona. we will see you again soon. i am in new york. senator rand paul quitting youtube. good morning, ashley. why quit you to. ashley: he describes it as censorship, almost religious adherence to the edicts of government bureaucrats. polls say he's no longer going to post videos on youtube complaining when he does post content that challenges the current white house narrative on covid 19 youtube deletes the video no matter how well it is for research. he had his account suspended for a week in august for violating the site's covid 19 misinformation policy over a video claiming surgical masks and cloth masks don't protect against the virus. the senator says many in

congress on both sides of the aisle, if you have stepped up. i don't see what the next one will be. stuart: facebook is reversing course, blocked the account of a conservative children's book publisher. take me through it. ashley: facebook originally said heroes of liberty which published books about supreme court justice amy cohene barrett, violated the company's rules about the quality or disruptive content. that happened on december 20 third. facebook told the conservative publisher its account had been permanently disabled. it was a mistake, facebook reversing that decision saying it was disabled in error and been restored. heroes in liberty says it produces high-quality

children's books promoting american -- called facebook's actions not so much anti-conservative but anti-american. stuart: thanks. the governor of florida says aoc's trip to his free state is nothing new. >> if i had a dollar for every lockdown professional who has done that i would be awfully wealthy right now. stuart: lockdown politicians in florida. joe concha takes it on next. ♪♪ ♪♪

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stuart: we are playing david bowie because his entire songwriting catalog just sold to warner music for $250 million. 400 songs. david bowie died in 2016. he was 69. this news just breaking. the covid surge now disrupting public schools in boston.

what do we know about this? ashley: you are right, the boston public school district saying more than 1000 staffers have not shown up for work, they say the absences basically to do with covid, various reasons and long-term absences like maternity leave but 1000 plus, that's a lot of people, it breaks down like this. according to the boston school district, 1461 classroom teachers and 52 bus drivers made public. the threat of a walkout in chicago, went back to school this week and also we are talking about teachers wanting remote learning again. stuart: what about the parents? they are completely whipsawed in this. you go to school today but what do you do about going to work? how do you take care of the kids? good story, thanks very much indeed.

the nasdaq is down 271, big drop. florida's governor desantis joked about democrats from strict covid states coming to florida for vacation. >> you have people like that congresswoman who ripped florida because we are open, who say you need lockdown policies and then the first chance they get they come running down to my state. stuart: joe concha is with us. the governor was milking the aoc visit, isn't he? >> why wouldn't you. she's probably the most visible democrat out there right now. she has ten times more social media followers than any other member of that particular party. sheet he is right. the party, too far woke led by the aocs and squad members of

the world, does anyone think the country wants defunding the police or reimagining the police, they want open borders like the ones we have now, 2 million people crossing into the country illegally. massive government expansion from bills back better, because the government runs thing so well compared to the private sector. it wants to expand the supreme court or expand the number of states or blow up the filibuster allow 16-year-olds to vote, democrats and the president overplayed their hand in 2021. biden was elected because he wasn't bernie sanders or donald trump and by going this far, independents and warned more democrats have buyer's remorse and the party has no issue to run on. it is not covid the way things are going lately, 2022 is going to be not so good, bad and ugly when it comes to inflation, crime, border, education and afghanistan and when you have optics like the ones we saw with aoc dancing in florida while she is calling for

everybody to lockdown and to wear masks back in new york and that is a look that does carry some weight and makes desantis that much more formidable as a 2024 candidate particularly if donald trump decides not to run. stuart: do you remember the next msnbc host chris matthews? he put out this tweet saying i tried to warn we are headed too far left. as i recall it chris matthews was replaced by the hard left joy read. have i got that right? >> the conspiracy theorist away read, that is correct, probably the worst this industry has to offer by playing the race card from the bottom of the deck but chris matthews is a carter democrat. carter is pro-life. he was a speechwriter for the 30 ninth president but we see the same with james carville, the mastermind behind the bill clinton campaign for president

where he says the left has gone too far, where moderates worn, don't let the squad wing of the party take over the agenda, you will get left out of the room for all the reasons i just mentioned. moderation, it wants checks and balances and to do what chuck schumer is going to do in a week or two as far as go ahead with the voting rights agenda and try to blow up the filibuster in doing so. democrats keep stepping on their own raked time and time again to quote dana perino on that, stealing the grapevine from her. stuart: do you think maybe the republicans are overconfident about their impending win at the end of this year? >> they need to offer something in return, not like those guys are bad, elect us, better have something like the contract with america like newt gingrich

had. offer common sense stuff, and as far as inflation by not spending trillions more or on crime, we feel we should refund the police, not defund the police. in education we think parents should have a big say in the curriculum, teachers union running things and go down the line. we believe in building the wall and remain in mexico. afghanistan, we would not have left hundreds of americans left behind in foreign policy. we will be tougher going forward. offer that stuff, very easy to understand and absorb, they still have to lay out their arguments. they can't just a democrats are bad, elect us. stuart: lay out the program, be positive and say we can do this. thanks very much, the blue state exit is still going strong. new york, california, illinois lost hundreds of thousands of

residents last year. grady trimble has our report. ♪♪ a must in your medicine cabinet! less sick days! cold coming on? zicam is the #1 cold shortening brand! highly recommend it! zifans love zicam's unique zinc formula. it shortens colds! zicam. zinc that cold!

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stuart: two big-name tech stocks which are way way down this morning dragging the nasdaq down, look at tesla down 4.7%, $56 lower. nvidia down 4.5%, two major losses from big-league tech companies. americans lead blue state in droves last year. you've got the report. my question is will the mass exodus continue this year? >> experts think so. it carried over from 20222021 so there's no reason to believe

that won't happen again in 2022. if you look at this new survey from united van lines, they move a lot of people, they find people are moving from areas with higher cost of living and high taxes. they are also moving for more space. where they moving to? places like vermont topping the list, south dakota, south carolina, west virginia number 5 on the list but i believe number one in your heart, the sunshine state. you will notice those are mostly red states and mostly to states with less restrictive covid edgers. when interesting point about this survey as we show you the map of places people are leaving and going to, they found in the northeast and illinois a lot of people moving were retirement age but was a wider age range of people getting out of california because it has gotten so expensive. folks at united van lines think this will continue in the new year. >> many companies haven't solidified their move forward

plan when it comes to back to the office, hybrid or work from anywhere. we expect the trends from 2021 to continue from a migration standpoint into 2022? >> reporter: u-haul came out with a similar look but that the city's people are moving to. what they found is 10 of the top 25 cities people are moving into, you guessed it, are in florida. stuart: thanks very much indeed. let's get back to the markets, take a quick look at this, dow is up 200, but the big stories the huge drop for the nasdaq, big tech really taking it on the chin. down 253 for the nasdaq composite. of the reason is a sharp rise in the yield on the 10 year treasury which big tech does not like at all. mike murphy with us this morning. throughout the show i have been saying the market, investors can see the other side of the

covid surge. we are close to the peak and that is a positive. what do you think? >> happy new year. couldn't agree more. the people i am around, my family, friends, business partners, either had cobra recently had covid. the market is starting to move past that and looking out to what 2022 looks like from an earnings standpoint and that is while the you see a pullback in the nasdaq, i hate to sound redundant, earnings will be strong, the economy will be strong, we will get past covid and get new highs. stuart: you never change. you've been on the show i don't know how many years but you never change. you always put money to work in the stock market. that is where you are coming from. a lot of people getting bonuses at this time of year, the payments, good to the bank. what to do with it?

>> the big mistake people make is they wait because the markets at a higher near a high, they wait for a pullback in the pullback comes and they want to wait for more of a pull back. anyone getting a bonus right now today should put that money to work today. maybe not all of it depending on the size of the bonus, you can put some to work today, some next week, some next month but the best place for your money aside from 5% of it being in the cash the rest of the money if you want it to grow needs to be invested. best place to be invested for me is in the largest 500 global companies, the s&p 500. stuart: would you buy just that index? >> i would. you can buy it through an etf, low-cost etf and that gives exposure to the microsofts, apples, teslas, nvidias and all the high-growth companies that are out there. it is a great way for people to put their money to work and not

actively trade it and to know they can see a return on their money in the ultimate goal is having your money working for you instead of you having to work for your money. stuart: you always said to buy the dip especially in big tech. there is a big dip in big tech today. are you buying it? >> i'm watching. you look at a name like tesla, the short answer is no. i don't own the stock currently. to go out and buy the stock after it has run up, no. nvidia is something that is shaping up interesting although it is up 100% in the past year. i think it will be the next trillion dollar company. we need to know where the exact point is. somewhere in the mid-200s, there is a great buy and i will buy the stock. stuart: it is a $287 per share right now shy of $1 trillion valuation. happy new year to you, see you later.

the dow 30, show me please, you get a sense of the dow industrials, lots of buying, lots of green, very different story. the exact opposite. dow is up 250. the mayor of new york, eric adams, making gun violence one of his top priorities. can he certain the city around after years of chaos? governor george pataki is next. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.

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stuart: the new mayor of new york city is eric adams and he's making gun violence a top priority. the city saw 1562 shootings, murderers are up 52% from 2019. george pataki, the last republican governor of the empire state.

>> nice being on with you. stuart: can new york be turned around and if so where do you start? >> you have to have a mayor like eric adams, who was excited about the new energy new direction he brings to the city, stopping crime a priority and that is to get back to having safe streets that it needs but can't do it alone. albany has made numerous mistakes, the no bail lobbying the most obvious but unless those laws are changed eric adams's effort to make new york a safe as it should be cannot succeed as much as they should. stuart: what about the vaccination mandate of private company, that should be lifted so we can get people back to the office buildings in midtown.

>> imposed by the governor in albany, another unenforceable mandate. how many hundreds of thousands with the state, to inspect, to make sure they are upholding this is another reason for businesses to say the heck with this, i'm going to florida. taxes are too high, regulations too burdensome, quality of life has gone down, schools are not good enough and now we have this unenforceable mandate that isn't going to serve a positive purpose. we need people back in offices, we need them to get vaccinated, but making these mandates, where is the end anywhere in new york or the country saying if you are vaccinated, you are 14 times less likely to be hospitalized than if you get the virus? wise into the federal government running that out across the country? instead of imposing mandates give facts as to why everyone should get vaccinated. stuart: thanks for being with us today.

sorry i'm so short on time. come back and see us again soon. we would love to hear about new york city. i've got to tell you this, teachers in new york city are suing. they want out of the classroom. they want remote. take me through this story, ashley. ashley: it is a familiar story. a group of 11 new york city union teachers are petitioning for all classes to be conducted online through january 18th to get students and staff the opportunity to get tested for the virus and receive the results lose their lawsuit, a temporary restraining order against in person learning and it comes as classes began this week. teachers don't want to return to imprison instruction until the to permit of education put a universal testing protocol in place and all students and staff have submitted a negative pcr test but the doe calls that

lawsuit meritless saying children are safer in schools and it is better for their long-term well-being. in chicago at teachers union will vote today on a plan, grady trimble talked about this, that favors remote learning over the classroom. the school district is standing by its decision to keep schools safely open for in person learning. in chicago, all of this setting the scene for a potential walkout by the teachers union. it is a familiar familiar story. got to get the kids. stuart: i don't think the teachers union want to teach, wonderful teachers all over the place but the union not great. you've got to listen to this. this is the tuesday trivia question. which animal has the strongest bite in the world? we will all be taking a guess. the real answer after the break. ashley: that is a good question.

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stuart: i shall repeat the question, which animal has the strongest bite in the world? you've got multiple choice here, crocodile, hippopotamus, shark, jaguar. what is your guess, ashe? >> i think between shark and hippo. i want to say shark, i go with hippo. stuart: sew did i, i guessed hippopotamus. oh, it is the crocodile.

how about that? the nile crocodile's bite can have as much as 5000-pounds of force. that is about 30 times stronger than a human's bite. i take your word for that. look at those things. ashe, thanks a lot for being here, man. we'll be here tomorrow. let me introduce david asman in for neil today. thanks for all your hard work. david: you have a great team. thankthank you, stuart for beink with us. welcome to "coast to coast." i'm david asman in for neil cavuto. a flury of news coming at you rapidly had hour, also a the number of people say i quit. 4.5 million people their