you didn't imagine in terms of your bond with all americans. maria: i have a bond with the audience, i'm ready to connect economic policy with washington and do main street washington, wall street and communicate what that means. it has been a great eight years, have a great day and we will do it again tomorrow from the southern border. "varney and company" begins right now. stuart: you got to bond with me, i feel it a privilege to follow you first thing in the morning, one of the most hard-working women in television. maria: i love working alongside you. stuart: good morning to you.

in these wild times, the first thing an investor needs is what is happening today, the dow industrials open with a modest gain, 167 points, the s&p is going up and nasdaq is going up. this is the stock market action the day after jay powell said jay powell would raise rates. the price of oil goes to $88 a barrel, the highest prices 2014. you are looking at energy price inflation and it is linked to the russia ukraine standoff. the news is vladimir putin thinks america's response to his demand, quote, doesn't offer much pause -- doesn't offer much cause for optimism. germany is emerging as a less than solid ally. they are barking at sanctions and don't send weapons to ukraine. they are intimidated by russia's threats to cut off their energy supply.

more dramatic video that secret migrant flight in the dead of night, this is body camera footage showing the planeload of illegals at the out-of-the-way westchester airport, government run, aiding and abetting illegal immigration and it is against the law. corporate news, tesla report strong profits and sales what they did not announce new models. they are trying to automate their factories even more to make them more efficient and raise profitability. apple reports this afternoon the world's most valuable company and widely held stock. how it performs is key to the tech sector. spotify says goodbye to neil young and his music. he challenged spotify to drop joe rogan's podcast, saying he put misinformation on covid. spotify, we will deal with the replacement for retiring justice breyer. the president says he will appoint a black woman. is this another example on

identity politics? what a day. "varney and company" is about to begin. stuart: that's the way you start the day. i don't know about that. a while thing. that is -- that is the empire state building, new york city. we have some numbers out early this morning, important numbers, gdp, the first look at the state of the economy in the fourth quarter. of last year for all of last year, 5.7% growth, the fastest

since 1984. what about now? first quarter, we don't have much data. we got a report, sharp slowdown, the worst in 18 months. durable goods for december down a sharp 0.9%, first decline, for commercial aircraft. the economy is doing at the end of last year, the slowdown that began at the end of last year. stuart: inflation numbers within that report. inflation running at 6.5%, not quite 7% we had in november but 6.5% is strong inflation indeed. so far this month i should tell you the value of our publicly traded stocks is gone down by $5 trillion just until january 20 sixth. what are we looking at this morning?

lauren: we are looking at so much. one point earlier this morning the dow is up and down 400 points. we are seeing huge moves, the swing yesterday was 940 from high to low and right now the biggest trigger seems to be the federal reserve, a hawkish said. the market pricing in five rate hikes this year. >> any increase on 5, advanced bid on 5. >> that texas to one.4%. in an economy that is growing as fast as it is, can you handle interest rates of one.25%. stuart: this is what the market is all about, federal reserve, america's central bank. he had a press conference yesterday, rate increases coming soon and he also responded to edward lawrence who asked about the supply chain.

here is his response? >> i expect supply chain issues to be worked out by the end of the year. i've not expected them, what i would say, in the second half of this year progress because we are not making much progress. stuart: i am deathly trying to figure out what he said. not much progress on the supply chain. brian amberg is here for the hour. it must be good. not much progress on the supply chain, to me that means we are not going to make much progress on inflation either. >> the two are interlinked, the least confident, inspiring thing jay powell could have said. we haven't made much progress. we might a little bit in 2022 but i am not banking on it. this is why markets are whipsaw anger, looking for jay powell to show he has a handle on this and he's not showing it, uncertainty abounds, volatility is up and investors all are all

over. stuart: slightly up today. you are here for the hour. back to you in a moment. dr barton is with us. as we speak the dow is up futures 170, the nasdaq, about one%. i do read your stuff. you are saying a fast correction and we've seen a fast correction. what is good about it? >> >>, 10% intraday. and double digit, higher, 6 months later. when we drop an all-time high, and fixing something in a hurry.

we can head hire, history would be on the side of the markets. >> you are the king of the dip buyers with the other folks who appear on our program. >> sometimes you got to put on the braces, the intraday volatility. play a little bit conservative, not just all-time high. the view that we are down, and bumble along in the 1970s. you reject that completely? >> what you just spoke, i do reject it. stuart: what did you buy? >> i am buying some of the things that have gotten beaten

down. amazon, when they get pushed down the furthest they like to come back, long-term play, a little bit more ahead of earnings and we will see how that plays out but that's long-term stuff. we will get a recovery by the end of the year. big tech names will help us out. stuart: long-term is okay but for some of us oldsters it is not so easy. thanks for being with us. tesla reported after the bell. lauren: a record $5 billion in profit for the whole year, $53.8 billion in revenue, tremendous as tesla navigated successfully. it is not immune to that crisis. elon musk says he will not introduce any new models this year because of the supply chain. it is two years since tesla put

out a fresh model, the fiber truck and semi will not be produced until next year. their rival rivien is delivering electric truck and ford is about 2, tesla went from 80% to 66%. stuart: tesla stock premarket is well below $1,000. intel reported a strong report, can't put on screen but stock is down 3%. lauren: it is out because the ceo is spending too much money to gain market share, most recently the $20 billion chip plant in ohio. they don't expect the chip shortage to let up until 2024. brokerages facing this morning, haven't seen anything negative on intel, the spending is good in the end but they are taking a hit because of it.

stuart: not getting much progress on the supply chain according to jay powell. a chip shortage lasting until 2024. doesn't sound like good news to me. >> i want chips produced. stuart: you need a second mortgage. stuart: the average price is 47,$000. >> nancy pelosi pushed a bill in the house to fix this chip shortage, $45 billion in grants and loans, they loaded up with climate provisions aimed at china. >> nancy pelosi is going to fix the chip shortage. i am inspired. stuart: by that car right now. one more time. futures expect an upside move, 170 points. do you remember when then

candidate biden said he would appoint a black woman to the supreme court? >> president biden: i committed that if i am elected president and had an opportunity to appoint someone to the courts, i will.the first black woman to the court. stuart: he's got his chance and we will tell you who is in the running. the kremlin morning there's, quote, not much cause for optimism that the west can meet russia's demands and germany isn't helping either. pete hegseth here after this. ♪♪ with liberty mutual, so we only pay for what we need. -hey tex, -wooo. can someone else get a turn? yeah, hang on, i'm about to break my own record. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description.

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or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms develop or worsen. serious allergic reactions may occur. it's good to be moving on. watch me. move, look, and feel better. ask your rheumatologist about cosentyx. wanna lose weight and be healthier? it's time move,for aerotrainer.better. a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time. it allows for over 20 exercises. do the aerotrainer super crunch, push ups, aero squat. it inflates in 30 seconds. aerotrainer is tested to support over 500 pounds. lose weight, look great, and be healthy. go to aerotrainer.com. that's a-e-r-o trainer.com. stuart: europe's energy reliance on russia is crucial

leverage for point for vladimir putin over ukrainian invasion. how did europe become so energy dependent on the russians? >> a push toward cleaner energy, europe cutting down reliance on coal powered plants and germany's decision to shatter several nuclear power plants and put them in position, heavily reliant on russia's supply of natural gas especially germany, who has made a big part of your energy supply, russia's natural gas, russia was the largest supplier of natural gas to the eu in 2020 in the first half of 2021. not only their reliance on russia's energy coming into play as russia continues to act aggressively towards ukraine but if there was an invasion

into ukraine throwing off the consistent supply of russia, that would have a big impact on energy prices which they say are experts say has a big impact on whether or not countries like germany want to act against russia. one expert saying it is incredibly hard sell in any european country to say you have to have a 10 times higher energy bill. we feel our supply is not plentiful enough because of ukraine. it is interesting the white house made a push to cobble together other supplies of natural gas from different places including the us coming into play but there are export controls on how much natural gas we can export to europe which is part of the reason they have grown to rely on russia's supply of natural gas. stuart: we could produce more of our own and end those export controls and help the

situation. thank you very much indeed, good to see you again. pete exists is here. vladimir putin has europe and germany up and energy barrel and there's nothing we can do about it. >> think about the decision eastern europe has made, we are going to rely on the energy from what we know is a nefarious regime in moscow and we are seeing that old adage, win stupid prizes, because putin has so much energy leverage and is so dependent for the future of his economy, he knows nato's hands are tied. this is about the relevance of nato, to establish as close as he can the former ussr which he never thought should have broken up in the first place, nato could choose, other countries could choose to admit ukraine into the nato alliance for various reasons, an

attacker ukraine is not an attack on all. this is an attack on eastern europe. this is european problem. i wouldn't trust the current occupant of the white house to be the war effort against vladimir putin, neither do the europeans, the europeans don't have the guts to stomach for a fight for the reasons you laid out. those are the things vladimir putin is looking at as he looks to expand his orbit, his energy resources, his agriculture resources and all the things that are lacking in russia right now. stuart: you are a military guy. suppose the russians did invade ukraine. we have sent antitank weapons and missiles to ukraine. how big a fight can they put up if russia invades? >> donald trump did that after recent blankets under barack obama. from talking to folks who were involved, the line of defense

in depth to ukraine. they are anticipating an invasion. they have the capability to stave it off in certain places for a certain time but ultimately they cannot hold off in the family the russian war machine. the challenge for the russians is how far they would choose to go and attempt to occupy in ukraine which eventually would go into an insurgency mode. the ukrainians have no desire, into ukraine. it is a calculation before creating a problem behind his own lines because people don't to support the incursion. stuart: always good. see you again real soon. more on the germans and ukraine. germany offered to send 5000 military helmets, military helmets to ukraine, not weapons, helmets. some ukrainians are laughing at this. >> leave them speechless, asked to send pillows next. russia holds europe's energy cars, provides 40% of their

gas, germany, the nordicstream 2 pipeline, it is convenient the standoff is happening in the winter when they need natural gas. >> this is about energy and energy policy and europe is the canary in the coal mine. what is happening, the choices they've made over decades on coal, nuclear, we are next if we keep going down the same path. stuart: that one hurts. >> we can see it now and act if we want to. stuart: we don't want to, not this side. on the left-hand side of the screen, how futures are shaping up towards the trading, dow was up 180, nasdaq is up 150, modest rally. we will be back.

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(naj) at fisher investments, our clients know we have their backs. (other money manager) how do your clients know that? (naj) because as a fiduciary, it's our responsibility to always put clients first. (other money manager) so you do it because you have to? (naj) no, we do it because it's the right thing to do. we help clients enjoy a comfortable retirement. (other money manager) sounds like a big responsibility. (naj) one that we don't take lightly. it's why our fees are structured so we do better when our clients do better. fisher investments is clearly different. stuart: the futures suggest to gain at "the opening bell" up 180 for the dow, up 160 for the nasdaq. david lefkowitz joins us this morning, you predicted at the end of 2022 the s&p 500 would

be at 5100. it is now at 4300. it has long way to go to meet your target. are you sticking with 5100? >> we are sticking with 5100. we see a sharp selloff in markets but what is interesting to me is this looks more like a market dynamic. the gdp figures in the fourth quarter is strong, economic moment and is very good and we are picking up signs of investor pessimism that are extreme in the market. the disconnect between what the market is doing in the economy is doing seems to be a good buying opportunity. that doesn't mean markets can't be volatile in the short-term and have more downside in the short-term but if history suggests it is a good buying

opportunity, the next 6 to 12 months. stuart: you are brave guy but i always come back to the point that the federal reserve raises interest rates, 3, 4, 5 times this year, it is hard for the market to rally from 4300 on the s&p to 5100. that is an uphill struggle, isn't it? >> the market has already absorbed the expectation of fed hiking it. if you look at the futures market in the bond market, the market is already looking for at least 5 rate hikes and that is already incorporated into what the markets are thinking. it is not good news for the expensive growth stocks we've not been recommending but the broader market got caught up in this selloff inexpensive areas of the market and that creates opportunities. i would say probably i agree

with your comments but i think the market has priced a lot of the fed tightening. stuart: can you tell us this, which sector of the market, which group of stocks will propel us primarily to 5100 on the s&p? >> sectors we currently like, financial and energy we had for a while. we also like consumer discretionary. in the growth complex there probably are pockets and individual securities that have been unfairly punished. if you look at that more broadly, there is likely going to be some upside in various segments of the market place. stuart: energy and financials but not big tech? >> we are neutral on tech. we are not negative on tech but probably some babies thrown out with the bathwater is a way to

phrase it in the growth companies that we have a neutral view on the technology space overall. stuart: david lefkowitz consistently speaking to his point, 5100 on the s&p by the end of this year. thanks for being with us. "the opening bell" is about to ring. i am looking at dow futures at the moment, 250 points and the nasdaq better than one%, see how it works out, 9:30, trading stocks on wall street. when the ball changes, and on the left-hand side of the screen the dow is up 260 from the get-go, the s&p, a similar gain their, show me the nasdaq, one.2%.

it is strong in the nasdaq and here's big tech. microsoft, $302, apple, amazon, meta-on the upside. some big names reported before the bell. blackstone, i own a piece of it. >> these are the kind of words you want me to use, the largest private equity firms in the world, cash generation was the best in the company's history, i'm going to use your terminology. why did you tell me about that.

why is it only up 6%? stuart: tell me about mcdonald's. >> mcdonald's going in the opposite direction, inflation hurting their profits. fourth time in eight quarters, the golden arches have missed, there might be a strategy issue. they can't raise prices enough to cover the higher cost. blue cheese maker, forecasting for better business this year. they have no problems, they sell more jeans and raise prices in line.

>> obviously, including varney himself. stuart: we had a hard day today. i have a hard time putting stock quotes, levity is emerging. stuart: well said. before we go apple on the upside, what do you expect this afternoon? >> given the iphone 13, china and apple, in 7 years it happened and got the gdp numbers, and the economy is still strong. apple will easily put in $100 billion plus, it is a record revenue quarter. services might come in close to

$7 billion, jack dorsey's stocks, and looking at blocks so it often report that apple with a payment service for businesses that accept credit card payments directly on the iphone. that is a big concern. stuart: i bet that netflix is up this morning, what do you think act i is up to? heather: one of the most influential hedge fund investors. 3.1 million netflix shares, with that overreaction in netflix's stock after the low subscriber guidance, and also volatile trading environment

created an opportunity to get in, he he has been known to change companies, and 20 million global subscribers. stuart: no cybertrek. heather: no semitruck this year. no new models. you had elon musk back which is news in itself and talking self driving autonomous driving, the optimist humanoid robot. remember this, if he gets it right, these -- selling electric cars in the future. an opportunity given that tesla owns 3 quarters of the electric car. stuart: this white clad

characters running up and down, that's not the robot. heather: that is even better. stuart: there goes my 45 year career. that really was fine, you did very well on the black stone, 6% now. come back soon and get it's up there. spotify. neil young is out, challenged joe rogan who lost. what is going on, susan? susan: spotify is reporting earnings next week and spotify down about a quarter this year. they were caught up, do they choose their $100 million podcast star or music star neil young, they are choosing rogan

here because young wanted his music pulled off accusing rogan of spreading covid misinformation. this is a clear indication on spotify's strategy and it is where they are investing their money and where they expect to get futures objections from. stuart: all good stuff. thank you very much and we will see you later. promise. don't forget to add "varney and company" as a spotify channel playing all the songs you hear on the show. what are you laughing at? don't you like the music? >> it is the platform shoes you wear that people would love to see, you got to demonstrate the dance for us. stuart: get out of here. now winners up $8, visa is there, intel, american express on top of the s&p calling again. they've been doing well recently. archie daniels midland etc.

and broad, heads the nasdaq list of winners which has k t a. new york city's mayor down 10% of his first paycheck because he put it into bitcoin. watch this. >> how much money did you lose and you have any regrets? >> the same as when i invested in the stock market, you buy low, hopefully get the recovery you desire. stuart: he is down 10% but he's not the only celebrity taking a paycheck and crypto. full details on that. in the chaos, is the chaos at the border deliberate? that is what one was lower told journalist sarah carter, she's here with exclusive reporting. the phrase if the economy, stupid, history wise georgia's going facing a competitive race when their economy is doing so well. mcshane has the story from atlanta next. ♪♪

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♪♪ the doubled in the house with the rising sun ♪♪ stuart: will, music for us. why not? that is georgia, atlanta, georgia, the deep south in the united states only 36 degrees right now, getting colder in parts of florida. despite a strong economy in georgia opponents will lining up to chalice governor brian kempen this year's election. connell mcshane is in atlanta. is this going to be about donald trump? >> reporter: look like the republican primary will be. it is interesting, if you look at the economic metrics many of them are quite strong. real estate prices are up, consumer spending is up. from the government's point of view tax collections are up so government finances are in a

strong position. it seems an economic environment or incumbent like brian camp might cruise to reelection or at least have his own party's nomination locked up but nothing is coming easy here in 2022. >> the fact that georgia have a strong economy, with a budget surplus, one would expect governor kemp could sail towards nomination and under most circumstances i wouldn't expect high quality challengers like david perdue to enter or race against an incumbent. >> reporter: former senator david perdue is mounting a serious primary challenge and andrew gillespie at emory university says it is based on governor kemp's decision which is the right decision to certify the 2000 for the election. that got donald trump involved, he endorsed perdue and one of their primary on the 20 fourth of may will face democrat stacy

abrams in the general election, abrams came close to beating kemp last time around. he's trying to use the economy to his advantage and it might work out. he promised use the state's budget surplus to pay teachers more. and the other advantage running statewide is the polling for the current president. a new poll out this morning in the atlanta journal-constitution, president biden's approval rating right now in georgia is down to 34%. stuart: 34% in the state of georgia, that is extremely low, it really is. i want to bring in barry lowdermilk, a georgia republican. if this is about trump, whose side are you on? >> this is the interesting thing, everything you brought

up so far, kemp has done an exceptional job leading our state. every economic factor is high. he has impose the same policies that donald trump did the brought the economy strong in the united states. in 2019 by august, state revenue in the middle of the pandemic state revenues had exceeded 2019 in the middle of the pandemic because of his leadership. i had endorsed brian kemp as the incumbent governor many months ago. he hasn't given me a reason to pull that endorsement. i like david perdue. we served together but we have a strong governor, poll numbers that came out this week show brian camp has a slight edge over david perdue in the primary a slight edge over stacy abrams in the general ballot where david perdue is polling even. stuart: you are going with

governor kemp as opposed to the trump supported david perdue. do you want donald trump to run for the presidency in 2024? >> if donald trump runs again i think he is going to win. we don't have any other candidates in the wings. i think donald trump should run and impose the same policies we had because we need to get ourselves out of the situation we are in in this nation so we need good strong leadership, we need to put the partisanship aside and more so need to put the division within the republican party aside and unify. if we can unify as a party, look at the numbers biden has, look at the lack of enthusiasm the democrats have, nancy pelosi is the lowest polled, most despised politician in the nation. we can do some incredible things but we have to unify as a party. they will vote for the individual.

stuart: thanks, always appreciate it. the dow is close to a 500 point gain as we speak. 494 points, nasdaq is up one.4%. president biden addressed the gdp number, we are finally building american economy for the 21st-century. i urged congress to pass legislation to make america more competitive. why are you laughing? >> every numbers followed by now passed to build back better. he never misses a chance whatever the economic circumstances, he think that the answer. good gdp number, terrible inflation it is because of the spending. the fed chair looking at 2022 and has no clarity. stuart: you think build back better in any form, however much you pass.

>> all of it is inflationary and the chunks are inflationary. stuart: good stuff this morning, another 10 minutes to go. elon musk says humanoid robots could mean a bigger business than his cars. that is a humanoid road robot. amazon faces another union vote, will this go down in defeat? we will get into it after this. ♪♪ or peace. you can't buy security. you can't buy happiness. you can't buy confidence. but you can invest in it. we believe that your investments should work harder for the future you imagine.

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stuart: an important story, amazon is facing a union vote. imagine the unionization of amazon. this is in new york. lauren: their effort was self organized, not affiliated with national union and was funded by go fund me. amazon is the second biggest private employer in the country and they write paychecks for 1 million americans. at stake is whether amazon might get its first unionized warehouse was a reelection in

alabama is happening next week. at first voters, workers voted down unionization but later discovered that amazon intervened in the process. there will be a vote, amazon doesn't want this. stuart: back to the market, this is a nice rally, the dow and s&p, the dow is up 550 points, the nasdaq is up 200 points up one.5%. the market doesn't care that much about powell saying they will raise rates soon. >> they must have been surprised, you've got ukraine on the horizon and powell is -- day in and day out volatilities. stuart: blackstone is doing great.

>> the day for you. things are looking sweet and you are on spotify. stuart: shall we tell the audience what is coming up? jason chaffetz, michael maguire, murder band the divine, i want to thank brian. we will be back. ♪♪ ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations,

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meta-- microsoft if's up more than 3%. the 10-year treasury yield is actually at 1.80, and that is, that yield is down slightly from where it was earlier. this is big news, the price of oil. it is now $87.72. earlier it was $88 a barrel. that's a seven-year high because of the ukraine-russia tensions. or mortgage rates, it is, after all, thursday morning at 10:00 eastern. with we always get a check on mortgage rates at this time. the 30-year fix averages -- lauren: 3.55% down just a hair there are last week after increasing for about a month. so that could be some relief for people looking to finance. stuart: that's it. okay. what else you got? larp lauren pending home sales for the month of december fell 3.8%, so much sharper than expected. there you have it. that's for a home where the contract is signed but the deal has not been closed.

so housing market softening. stuart: i see no impact immediately on the stock market for any of this. 133 up on the nasdaq. now this. on the day vice president harris flies to central america to check out the root causes of illegal migration, here are some seeing the full extent of the biden team's border deceit. i could call it lies, i could call it betrayal. you decide. this is video there from a police officer's body cam. you are seeing a planeload of illegals arrive in the dead of night at the out of the way westchester airport which was supposed to be closed at the time. they're almost all young men, accompanied by officers from a private security firm which works with the cia. this is a secret operation. really? government at the highest level is bringing in illegals, flying them in secret around the country at your expense. if here's a quote from one of the security people who

accompanied the migrants. i get the whole secrecy. if this gets out, the government is betraying the american people. there you have it. meanwhile, the man in charge at the board, alejandro mayorkas, held a meeting with border guards. it did not go well. one of them turned his back, and another said mayorkas had turned his back on the border patrol since the day he was appointed. i understand this has nothing to do with the russia-ukraine situation or the market selloff or market rally. that's our usual bread and butter. but to me, it's important to know that this government has deliberately opened the border and is now secretly flying them all over the country at your with expense. so what is this? if deceit? lies? detrail -- betrayal? if so to me it's just plain wrong. second hour of "varney" just getting started. ♪ ♪

stuart: miranda devine is with us. welcome back, miranda. this is for your. -- for you. i'm talking about the illegals being flown secretly around the country. it's breaking the law. but you've done extensive reporting on this. this is not the only time this has happened. not just westchester county. elsewhere as well, i think. >> yeah. thanks, stuart. yeah. last october we went and staked out westchester or airport after a tip theoff that these planes -- tipoff that these planes were coming in, and we saw three of them come in. we followed the buses, we saw that they were disgorging these illegal migrants at one point into a rest stop in new jersey to be picked up by supposedly family or so-called sponsors. there didn't seem to be any vetting of these people. i mean, it just looks like a deliberate scam to get as many people away from the southern border as quickly as possible by

the federal government so that the optics down there don't look terrible. and they are flying them all over the country, as you said, whether it be california, louisiana, new york, new jersey. they, there are flights going every single day, charter flights, and it is costing, you know, tens of millions, probably hundreds of millions of dollars. and last year we had 2 million illegal aliens. you know, if they -- if it doesn't accelerate, which it probably will since people from all over the world are now descending on the southern border, if it doesn't accelerate, you're talking about 8 million by the time joe biden is done. that's another new york city or, you know, four chicagos. this is an invasion. and no wonder that new york city has just recently -- well, new york has decided to allow noncitizens to vote in their mayoral and local elections.

stuart: it's -- this should be a major league political issue, but -- [laughter] this democrat party, it's not. i've got to move on, miranda, because the retirement of supreme court justice stephen breyer is prompting the squad to call for an african-american female nominee and so is the president. it seems to me it's just another case of -- i don't want to downgrade the nominee, but it's just another case of identity pollices, isn't it? >> exactly, stuart. honestly, it worked so well with kamala harris that of course joe biden is going to double down and do it again. but, look, i mean, you can sort of see the mentality behind in this. you pressure stephen breyer to retire as progressive activists have been doing from the get go, and then you move kamala harris. you can't just fire her. she's been a terrible vp. she's never going to be president. she's deeply unpopular, totally

incompetent, out of her depth. so you can't just get rid of her like you would if she were the straight white male because s belongs to protected identity groups. so the only way to save face is to give her a better job, and what better job there is than a lifetime appointment to the supreme court. i mean, it disrespects all the other members of the supreme court. but it does give joe biden an opportunity to reset his team and put someone in there who's more palatable, who's more plausible a future president. and i would say if they're smart they'll go with a moderate, someone like amy klobuchar, but he's locked himself into a black woman, so maybe stacey abrams. [laughter] stuart okay. my head's spinning. mirandaty miranda devine, thank you for being with us this morning, great stuff. >> thank you, stuart. stuart: lauren, you've got some of the names that biden could nominate to replace justice breyer. lauren: let's start with brown

jackson is, the feeder court to the supreme court, she clerked for three federal judges including breyer. she got three republicans to support her senate confirmation to the d.c. circuit, so she would be considered the shoo-in. stuart: she's the favorite. lauren lauren yeah. she's 51 years old. then there's krueger, a california supreme court justice. she's been described and describes herself as cautious and deliberate. maybe she's your moderate, if you are. michelle childs, this is interesting, she serves on south carolina's u.s. district court. she's the pick of congressman jim clyburn. he saved president biden -- stuart: he did. lauren: -- for the white house, right? she did not go to an ivy league school unlike the others, and if you really want to add diversity to the bench, that's how jim clyburn says you do it. shea lin ifeld, she advocated for defunding the misduring the

george floyd protests. so those are some of the names on the short list. stuart: got it, lauren. thank you very much, indeed. officials in ukraine are dusting off cold war era bomb shelters. greg palkot again in kiev. you're visiting one of these shelters in an apartment complex. what's it like? >> reporter: interesting stuff, stuart. we'll get to that this just a second. with diplomacy going nowhere, yeah, folks here that we've been talking to and seeing are speaking about the worst. particularly of concern, stuart, loads of russian jet fighters arrived in belarus for those, quote-unquote, exercises. belarus, remember, only about 60 miles from where we are. pension -- experts feel one possible strategy could be russian airstrikes on key targets in and around kiev. and so, yes, authorities have identified 5,000 possible bomb shelters in this city of 3 million. some of them, and you're right, stuart, dusted off cold war rell arics.

take a look. -- relics. this is just one of several bomb shelters in this apartment complex in northern kiev. in the i vent -- event of an invasion, this is home. it's a little bit rough. bomb shelter we checked out handle about 60 people. if a bombing strike looms, signs will warn building residents to go down there and stay for the door raying. it does have electricity but not much more than that. we're told the place will soon be stocked up with food, water, medical supplies and could be key to local survival. take a listen. >> translator: the most important thing in our lives, it's important to save lives. we will do the best we can. >> reporter: stuart, as we were leaving, one classic old ukrainian lady, a building resident, was checking out the place, and she let it be known to all who were around that she didn't approve too much of the conditions. she might not have a choice. [laughter] stuart: i'll say. greg palkot, as usual, in the

hid ifing of everything. thank you very much, indeed. i want to bring in major general mick mcguire. sir, you worked with officers in ukraine's military. what kind of a fight could ukraine put up if russia invaded? >> good morning, stuart. thanks for having me. we all pray, especially servicemen and women, that it doesn't come to that. but i can tell you the ukrainian military's very proud and capable. i am certain that the citizenry of ukraine, being very proud of what has happened in that country, their history, they will put up a significant fight. but we hope it never comes to that. and, certainly, i pray for any men and women from our country over there right now. a lot of issues, and we do not want to put them in harm's way. stuart: it doesn't have to come to an invasion, does it? putin can get his way by just threatening, by cutting some energy supplies to western europe, he can beat the drums of war and threaten, but he doesn't actually have to do anything.

he's holding -- it seems like he's holding the cards, major general. >> well, you know, in the your leading segment just leading up to this, stuart, you were talking about you would think that the border crisis in the u.s. would be a bigger political issue. you're talking about the price of oil. you remember the biden-harris administration has completely failed in the economy with us no longer being an energy if exporter. there's many ways we could help our neighbors in ukraine and all of eastern europe, but the biden-harris administration's put us on defense. we're having trouble defending chicago and san francisco from gang violence, and the southwest border, it's not a political issue right now in new york. it will soon be. but here in arizona running for senate, it is the number one issue, the invasion at our own southern border. stuart: wait a minute. you're running for the senate if, i believe, right? you're a republican candidate running for the senate, why is this issue on the front burner in your state, running for senatesome. >> well, the border is --

miranda said it's a complete invasion down here, and you heard the comment about root causes. i was down at the border two days ago, stuart. a gentleman that was apprehended in his native language told the border patrol agent when asked why he would risk a trip all the way from asia to cross the border, he said because president biden has invited us. stuart: yeah. you're right -- >> that's the root cause. stuart: yeah, it is. you're right. you got it. i'm sorry to cut this so short. major general mike mcguire, thank you so much for joining us. >> thanks. stuart: a new poll shows president biden trailing generic republicans by 10 points, nearly 10 points. that's if the 20 the 24 presidential election -- 2024 presidential election were held today. quick check of the markets, dow's up close to 600 points. 28 of the dow 30 are in the green. the nasdaq's way up as well. we will be back.

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that's a rally. bitcoin on the downside, moving -- what's the expression? counter to the stock market for a change. it's the at 36,9, and it's actually down today. look who's here, the dividend man, david bahnsen is here. david, i want to thank you, first of all, very much for if recommending blackstone way back when. i've made a lot of money out of it, and i bought it back then because it paid a big dividend. they reported today. the stock's gone up. what's with the dividend on blackstone now? >> in the first quarter of last year, they paid 93 cents per share. this year they're going to pay $1.65 for share. the dividend is up 80 percent over where it was a year ago. so roughly if you annualized it, it would end up being back to another 6% dividend, and the stock's up 100% from where it was a year ago. forget this little 8% rally today, who cares about that when your a long-term dub you're a

long-term holder like stuart varney and david bahnsen. [laughter] but i do want to make one thing clear. blackstone is unique in that their dividend will fluctuate quarter by quarter. they have a lot of realizations in their investments that make results go up and down. i think it's going to be a huge year. i think it's going to be a big dividend, but it isn't quite the same as some companies that just pay it quarterly and smooth it out. stuart: understood. i'm a happy camp per, david, don't worry about it -- camper. mcdonald's, is that a dividend stock? >> stuart, mcdonald's has grown a dividend every single year since going public, since 1967 it's up manager like 80,00. that's a literal number. and of they have grown the dividend 28 times since the financial crisis. the only reason the dividend yield's so low is because the stock is up 300%. but, yes, mcdonald's is an

incredible dividend grower, and that's what you can do when you have consistent cash flow. their franchisees have to pay their fees, and you and i have to have our french fries. stuart: yes, we do, indeed. ibm. i think you recommended this stock sometime ago. was it yielding, what, 4 or 5%? >> yeah, they're yielding over 5. i recommended it about $100 a share on the show. it's up into the 130s now, but this thing is nowhere near done. it's still trading at a low multiple. they had their best revenue growth in over ten years. i've had plenty of quarterly disappointments from ibm in the years i've been analyzing it. this was a phenomenal quarter, and we hi their future in cloud is huge. you see what cloud has done with microsoft. stuart: you got it. last one, intel. now, i know you like this over the long term. it's down 6% today. that's the dividend yield at $48 a share. must be very strong.

>> well, they grew the dividend 5% this morning, and that tells me a lot more than the stock coming down a bit as they're spending $20 billion on expanding in ohio and bringing semiconductor manufacturing to the united states. yes, this is a stock where people want to be long-term invested in the results of that growth. so look at what broad come has done -- broadcom has done, up 200%. intel's investing in a different kind of future while maintaining that semiconductor intellectual property business. they are as good as it gets on this, and intel being down 6% today is the best thing on the screen. i love stuff being down a little that we can buy for the future. it can't always go up like blackstone. stuart: very true. i'll think about intel at $48 a share. david, you are my idol, and thank you very much for being on the show again. always appreciate it. david bahnsen. >> thank you, stuart. stuart: now, we tried to look at the market and figure out some

movers, and when we picked on comcast, it was way down. lauren: it was. look at this. stuart: it's been disrupted. lauren: and this is volatility. so the cfo said we're going to double our content spend when it comes to to peacock. we're going to spend $3 billion this year. that hits profit about, and initially investors did not like that, but that stock is coming back. stuart: that's part of the streaming -- lauren: the streaming wars, yeah. stuart: acquiring subscribers and content. it bounced off it low, $48. boeing -- lauren: still down. i'm pretty sure -- oh, sorry. [laughter] up is what i meant to say. this one i picked for the right reasons. i misspeak, it's still up. they got a $1.4 billion order for four cargo planes. anything from china when it comes to boeing is considered a win because of the fiasco with the -- stuart: i hesitate to put mastercard up on the screen. lauren: me too. [laughter] stuart: it's supposed to be big, and it's not.

lauren: look, people are spending a lot of money on mastercard, and that was a good thing. i'm scratching my head, why is this stock down? mastercard was spending a lot of money too. their operating extents went up -- expenses went up 16% last year, but they did say cross-border travel is going to return to pre-pandemic levels by the end of this year. so i think investors are looking at this stock and saying, well, it's a little bit of both. and mow shares have turned lowed lower. stuart: let's take a look at marijuana, not the stocks so much, but amazon, they just endorsed a republican bill which would legalize marijuana on the federal level. lauren: yeah. stuart: why are they doing this? lauren: because it's easier for them to hire workers. stuart: that's it. lauren: the will is by a freshman -- the bill is by a freshman congress congresswoman. congress obama mace worked for trump's 2016 campaign, to okay? her bill would legalize

marijuana at the federal level, tax it at 3% and use that money to fund law enforcement and veterans' health programs. so if you get the government out of the way, you let the states determine how to sand -- handle marijuana if, right? and because of the labor shortage, this is good for amazon. they can -- legal issues around hiring would just be made much more simpler. they have no interest in selling pot. i know a lot of people are saying, oh, i can buy marijuana online. you can't. this just makes it easier for amazon to be the second largest private employer in the u.s. stuart: i think that allows pot shops to use banks -- lauren: yes, banking. stuart: a lot of pot shops can't plug into the federal banking system. but if you make it legal at the federal level, that would be a huge boost, i think. lauren: makes it simpler for everybody involved. stuart: the crypto crash hurting athletes who decided to take their salaries in bitcoin. we find an nfl player whose

salary was cut in half, and we've got the story for you. the guy who runs the worlder, alejandro mayorkas, getting the cold shoulder from border agents. one agent a reportedly turned his back on mayorkas and said they feel abandoned because the border is left wide open. the full story after this. ♪ ♪ with arms wide open under the sunlight. ♪ welcome to this place, i'll show you everything ♪♪ whether you've enjoyed the legendary terrain

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♪ i'm walking on sunshine, whoa muck. stuart: walking on sunshine, get that? whilst you're looking at tampa, florida. very cloudy. get this, it's 62 degrees in tampa, it'll florida. sounds -- florida. it sounds warm to us in new yor- lauren: but they're not getting snow, and we are. stuart: tesla out with their earnings report late yesterday. it was a strong report, good profits, good sales, but they're not making any new models. the market didn't like that. tesla's back to 875, down 6%. big tech up pretty much across the board. apple, look at apple, up 2%. they report after the bell this afternoon.

overall, the market continues its rally. the dow at the moment up about a, what, that's the rest of the big tech. microsoft is up $7. dow is up, what, 381. nasdaq's up 100. watch out. some people will be selling into this rally. eddie ghabour recommended that on this program, and some people will be doing it. okay. let's bring in sara carter. all right, sara, you've been to the border. you've interviewed a whistleblower down there. if a retired border agent a, i believe. what did he tell you? >> i gotta tell you, stuart -- first of all, good morning and so grateful to see the economy on a little bit of an upswing. but for border patrol agents, it's been extraordinarily difficult. i interviewed a senior, actually, word -- border patrol official that recently retired. he spoke to me anonymous mousily and let me know what was happening at the border saying that the biden add information if, many his word, were -- in his words, were purposefully

allowing people into our country. he believes that the border patrol is being used to facilitate smuggling, to aid and abet these human smuggling operations as well as the cartels. border patrol agents are frustrated, they're angry, they can't speak public ifly. that's why we saw the leaks from julio row has when he was able to get those tapes when mayorkas visited yuma, ads, and where -- arizona a, and where agents were turning their backs on him. there's extraordinary concern, stuart, that it's a national security threat. it's a wide open border. they aren't able to vet the people that are coming in, and it's extremely dangerous. stuart: how does mayorkas keep his job? border patrol agent turned his back on him. there's uproar when he meets the border patrol people, but he keeps his job. is that because that border is left open deliberately? that's his orders, leave it open, is that it? >> absolutely. absolutely. this appears to be what it is. even more so we can see evidence

of that with these covert flights late in the middle of the night. and i call them covert flights because it appears to be an operation by the biden administration where they're bringing migrants into the country under the darkness of night away from lawmakers, away from the public eye, away from the if american people, dropping them off at various airports throughout the country, tennessee and new york, we've seen it, we've seen it in california. and, you know, they're only caught when somebody is brave enough to either leak photographic evidence or video ed of what the government is doing -- evidence of what the government is doing. the biden administration is refusing to answer questions. i know peter doocy, great white house reporter for fox news, has asked over and over again, but why are they doing this? this is the question that we have to be asking. why is the biden administration allowing this to exacerbate, to put all american lives in danger, to put our border patrol

agents' lives in danger, our i.c.e. officers' lives in danger and allow this to continue, and they refuse to answer that question. stuart: i don't have an answer and neither do they. sara carter, thanks very much for being on the show. >> oh, thank you so much, stuart. thank you. stuart: sure thing. florida and the bahamas, they're becoming popular routes for illegals from haiti and cuba. phil keating's in miami beach for us. give me the story, phil. >> reporter: well, stuart, also they are coming in from the dominican republic. as of this morning, a massive surge remains underway, the u.s. coast guard, u.s. navy, other assets on the sea and up in the air scouring the wart. it's a huge area -- the water, it's a huge area looking for survivors among the three dozen people still missing. keep in mind this is day five, chances of survival slim at best. it's the latest example of increased illegal immigration by boats bound for the florida coast.

amazingly, this one survivor on a boat, the boat, smuggling migrants was rescued on tuesday between the bahamas and fort pierce, florida. the boat capsized in the dark two days before that. ocean swells of 7-9 feet with 40 migrants onboard the vessel. that triggered a massive coast guard rescue effort covering an area now about the size of new jersey. one body was recovered yesterday. the commercial tugboat is the intruder just happened to spot the survivor, saving his life. here in the coast guard sector in miami yesterday. >> the aircraft is reporting some debris fields which we are investigating again in the hopes that we find other victims who we can recover. in cases like this, small vessels overload ared, inexperienced operators at night in bad weather is incredibly dangerous. >> reporter: this past week the coast guard intercepted this boat in the bahamas jam packed

with nearly 200 haitians onboard. it also intercepted this boat with 88 haitians in the same area. we showed you these brazen landings in december, one in lauderdale by the sea, the other up in jupiter where those boats actually made it to the beach, and the migrants onboard jumped off, ran ashore, most if not all eventually captured. according to the coast guard last fiscal year it intercemented 5700 haitians -- intercepted 5700 haitians at sea n. 2019 that number totaled nearly 1,000. and in the last three months, three very large boats full of haitian migrants all landed ashore down in key largo which is actually a rarity. most of the people that do get here illegally whether they're from cuba, haiti or the dominican republic, they get processed without seeking the legal asylum process, and more than likely they just get sent back to where they came from.

and 300 alone just this month have had that happen to them. stuart? >> stuart: phil keating right there, thanks very much. see you later. a mother in oregon is suing facebook and snapchat over her teenage daughter's mental health. it's a business story and we've got it for you. billionaire bill ackman goes all in on netflix. so what's his plan for netflix? we've got a report on that after this. ♪ show me the money, don't be talking no trash. ♪ -- how about cold, hard cash? ♪♪

i'm ben affleck and i want to thank you for joining me and

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♪ stuart: we had news earlier today that the american economy grew at its fastest rate in a long time, 6.8%. that was our first look at

fourth quarter economic growth. the market paring its gains, however. the dow's up 280, had been up 600. the nasdaq's up 27, had been up way more than 100 points. lauren is looking at some movers for us. start with moderna. not much -- lauren: well, they were sharply higher because they had two pieces of good news, and they were the fact that they started a trial for the omicron-specific booster, and they're using this mrna technology and shadowed the first person -- had dozed the -- dosed the first person this an hiv vaccine trial. very important. look at seagate technologies. number one on the s&p 500, up almost 16%. strong earning, forecasting strong margins. they're on track for the largest percent increase since july of 2016, so that is a huge winner for you. stuart: we covered this one yesterday, corning. you asked me what they did -- [laughter] they're up again today. lauren: up 18% this week.

strong earnings. they make the materials of glass for a lot of technology. they got an upgrade today to buy at goldman, and several brokerages increased their price target. stuart: hot stock. now show me netflix, please, because billionaire bill act aman bought more than 3 million shares of that stock, paying out about a billion dollars. kelly to grady is with us. how does this help netflix in the streaming wars? >> reporter: it gives them a much-need confidence boost to the street because they've a been struggling a bit since they missed their subscriber projections. bill bill mack ackman was able to get in at an attractive price, and he cited that, quote, netflix's business had highly favorable characteristics which include pricing power dearrived from the enormous value it delivers to consumers. the this appears to be a rare value play for a traditional activist investor. stuart: does the investment make

sense, in your opinion? >> reporter: somewhat. okay, so i used to work in streaming, i'm a big nerd. netflix has a large library in content, and it's investing a lot in original titles. but the ec tent of their pricing power's untested. hay recently hiked their price to $15.50 making them the most expensive service out there. i question how much higher it can go. netflix only has subscriber revenue to offset this massive gross in content spend, so margin expansion reasoning is going to be difficult when they're overspending on titles just to keep subs from turning. stuart: obviously, ackman likes netflix. who do you think is best in the streaming business to challenge netflix? if. >> reporter: i personally think hbo max and disney, they both pose serious challenges in areas where it's just starting to develop. these two streamers are rich in franchises for films, dc comics, marvel.

disney is a monetization engine. computer -- and while netflix is attempting to diversify its revenue streams from gaming, that's going to take time. so i agree with ackman on streaming as a whole, but i need to see more from netflix on franchising. stuart: so you're a streaming nerd, are you? [laughter] >> reporter: i am. i love the space. stuart don't admit that publicly. kelly, thanks for become here. [laughter] let's get serious. an oregon mother suing meta and snap over her 15-year-old daughter's mental health. lauren: yeah. she followed a product liability lawsuit with help from the if social media victims -- [inaudible] who says this: these social media companies are aware of the flaws and addictive properties of their platforms and have failed to adequately design their products to protect modern users from harm. meta and snap must be held

accountable for the inaction and design, these platforms prey on vulnerable children. i think the timeline is also important. march of 2020, so in addition to this covid pandemic, there's this mental health pandemic that has grown especially in 12 to 17-year-olds. teens wear maxes, they're told to stay away from people, to hide themselves -- masks. so they're turning to technology, and this technology can't really protect them. they see, you know, perfect pictures of body image. this girl had some eating disordered that he was hospitalized for, and she was even, you know, she was vulnerable to adult men who were prey being on her on the site. so the accusation is that teenagers' minds don't know how to adjust to what they're susceptible to and what they're seeing on these platforms. stuart: that's a lawsuit that could open up pandora's box. stuart: -- lauren: product liability. stuart: neil young gave spotify

an a ultimatum asking them to remove joe rogan's podcast, didn't go his way. stuart: lauren: spotify is going to take down neil young's music if as he had asked. he said, look, rogan spreads misinformation about advantage seen and the virus on spotify on his podcast, and he asked spotify to pick, and they did. he was not bluffing. i think the story's about balancing both safety and freedom. freedom of speech, what you say, and also the power of the artist where they want the music herald. stuart: i wonder if more blew decisions will do this. it's a -- musicians will do this. it's a form of censorship -- lauren: but also a form of power. stuart: absolutely. lauren: i don't like what you do, so i'm going to pull my catalog. stuart: yeah. legitimate, i guess. stuart: by the way, don't forget to add "varney & company" if as a spotify if channel. take a look at this, okay. that's a humanoid robot designed

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♪ stuart: the rally holds but, you know, there has been a little bit of selling. the dow was up 600, now 400. nasdaq is up 50,ing so a little bit of selling going on, but we're still in the green. look at oil, please. it has now turned only slightly negative. it's at $87 a a barrel. earlier it was at $88, approaching $89. that's energy price inflation. it turned negative now after hitting a 7-year high earlier. next case, the beijing olympics. they start next week, realize? what'd you say?

[laughter] all right. sorry, just -- i'm hearing voices. all right. the beijing olympics start next week. there are concerns about internet spying by china on our athletes. gunz gunzelman joins us now. how could our athletes be spied on? if. >> well, it's very simple, stuart. anything that you bring that has any sort of data or technology is probably more than likely going to be spied on by the chinese or chinese companies. here's what's interesting about this, stuart. a couple weeks ago you had a florida congressman named mike waltz, he's also part of the intel subcommittee, and he says something in passing that didn't get too much attention, but he said that one of his biggest concerns was the surveillance app that the chinese were going to mandate people to download and use. he just said it very quickly. so i thought that was, or you know, kind of interesting because, clearly, he knows more than we do. he's part of an intel committee. so i've been researching this and looking it up, and it seems

that it is absolutely warrant ld, these concerns, so much so that team usa officials told all our athletes and other countries are doing the same, don't bring cell phones, don't bring your ipad, don't bring a laptop, don't bring anything because more likely than not they are going to be spied on. and let me break this down just for the viewers out there. upon arriving in china and going to the olympic village, you have to download this mandatory app, okay? they claim it's for health reasons and health concerns and to follow your travels, keep everything in line are. however, already cybersecurity companies are saying that the encryption is already flawed. so that is a big concern because you have to do it whether you're an athlete, whether you're a worker to get into the village. they have you there. then look at some of the official sponsors, stuart, okay? they're not even trying to hide this. some of them are the largest surveillance companies and art a official intelligence --

artificial intelligence companies in china. look at some of these names, all right? i have a short list for you. huawei, okay? huawei, of course, has had their issues with america where we've blacklisted them because of spying concerns. the company, the official telecommunications provider that's going to to be in charge of the wi-fi and internet inside the hotels is called china unicom beijing. their parent company, okay, is on the u.s. list of sanctioned chinese military industrial complex companies. and if that wasn't enough, the company that's in charge of the wi-fi and the anti-virus software, they've had dealings with a company that's also blacklisted. stuart: okay. >> this is a mess, stuart. you see it, i see exactly what's happening here. stuart: it's chronic vulnerability, that's what it is. mike gun zellman, thanks very much, indeed. >> thanks, stuart. stuart: all right.

let's look at bitcoin. down today, 36,5, is the price. athletes and politicians who receive some of their money, salary, in crypto, well, they're finding out how volatile it is. lauren, how big are the losses? lauren: let's show you who is accepting some of their deals in crypto and bitcoin. first you have jaguars' tb trevor lawrence. he put a $25 million signing bonus in crypto. saquon barkley of the giants, he bet bitcoin was an inflation hedge. eric adams, the mayor of new york city, i'm going to put my first three paychecks in bitcoin and ether, paycheck number one down $1100 as a result, and obj, his base salary, $p 750,000, that was cut in half. it's about 400,000 now because of bitcoin's losses. stuart: i wonder if they're still true believers. [laughter] lauren: and if they're going to make that same bet when they resign. cash, it's a little safer.

stuart: all right. still ahead, here's what we have. jason chaffetz, carrie severino and "the wall street journal" guy, dan henninger. back in the day former president trump warned europeans against relying on russia for their oil and gas supplies, but when trump lost the election, germany's angela merkel canceled plans to import gas from america. she threw germany into russia's hands. that's why germany is not behaving like an an ally over ukraine. they're scared to oppose russia. that's my take, and test next -- and it's next. ♪ ♪

..

>> reporter: pressure stephen breyer to retire as progressive activists have in going with the get-go. they are smart they will go with someone moderate like amy klobuchar but he's locked himself to a black woman. >> many way to help our neighbors in ukraine and eastern europe but the biden/harris administration put us on defense. >> i would not trust the group to lead a war effort in ukraine. those are the things larry

putin is looking at. his energy resources. >> we are picking up signs of investor pessimism. when you get that disconnect between what the market is doing and what the real economy is doing that's a good buying opportunity. >> sometimes you have to -- all the times your head is getting snapped back watching this intraday volatility, when things are down. stuart: it is 11:00 eastern time thursday january 27th. let's get to that market because we have a recovery in process. i told you there's been some selling which took the dow to a 200 point gain. we are back up to a 530 point gain. the nasdaq composite up almost 1%. the rally is being maintained today.

let's look at big tech. they are up across the board, there's no red ink at all. microsoft, apple, google, amazon, meta-blooge show me the treasury yield, we are at one.80% down from where it was at the open of trading this morning, bitcoin slightly lower, 36,$600, slightly higher at this point but 36,000 is the price. now this. back in the day donald trump hammered the europeans. he wanted them to defend themselves against the russians instead of relying on us. he warned them against relying on russia for their oil and gas supplies but they hated trump especially germany's angela merkel. she wouldn't spend more on defense and when mister trump lost the election she thought to cancel plans for gas from america, she through germany into russia's hands. that is where germany and much of europe is now.

beholden to russia which supplies 40% of europe's natural gas. that is why germany is not behaving like an ally to ukraine, they are scared to oppose russia, reluctant to impose sanctions and won't help you crane's defense was asked to supply military supplies you know what they said? 5000 helmets. europe is not helping itself either. the climate crowd won't let them. there is as much natural gas on european soil as there is in america. there's a lot of it but they won't go get it. no fracking over there in germany is about to shut down his last two nuclear power plants, putin is laughing, oppose me and you will freeze. after meeting virtually with european leaders, president biden says there is total unity. that is a façade. the greens and weak leadership made energy russia's best weapon and trump saw it coming. third hour of varney starts now.

jason chaffetz joins us now. i maintain germany is not a solid ally. what do you say? >> you hit it right on the head. in the first few days of the biden administration, they got rid of the ability to export liquid natural gas, to explore and get petroleum products. we tried to shut down the energy sector, we can do the exporting we used to do into european allies and that is exacerbated by angela merkel, playing into the hands of vladimir putin. guess what, they are still going to have to rely on traditional energy product and

when biden made the gas prices so high in the united states and you see those drive up, the opposite of what trump did iran became emboldened. russia became emboldened, the only way they can fuel their economies in those countries. stuart: it is an energy crisis on top of a russian ukraine crisis on top of a climate crisis. >> self inflicted. stuart: doesn't have to be this way but it is this way. next case was a new poll shows president biden trailing a generic republican by almost 10 points for the 2024 presidential election but if he were to face off against trump it would be a tight race, trump trails by a point. the takeaway surely is voters don't want trump to return. what do you say? >> i don't believe that. i believe donald trump's policies are wildly popular in

the united states, they have always gotten the polling on donald trump, every single time. they just don't get the numbers right. people are afraid to say trump's name out loud even though when they go to the voting booth they would do it but his policies are popular and president biden and kamala harris have no policy victories, don't think -- america knows it is off-track and whatever the republican nominee is going to be that will be a fight and i don't know if it will be trump or not but the republican is in a better position to winston ever. a lot of things will change in three years but i wouldn't trade positions with anybody, certainly not biden and harris. stuart: see you again soon. back to the markets. the rally is progressing nicely.

the dow is up 550 and the nasdaq is up 150 points. the rally holds 11:0 six eastern time. i want you to look forward to this afternoon because apple reports after the bill. it is a crucial report in my opinion, most valuable company in the world. what do you expect? >> i expect a strong report but as we have seen even with microsoft, your microsoft earlier in the week quite a bit lower after the report. i think it is more how we look at the guidance, what they foresee going forward. look at netflix, netflix was screened last week. the think about netflix, user subscriber growth is mounting expectation. apple with their streaming, they could surprise the upside for a number of dynamics but

streaming is something that could be a leadership, iphone sales, they put the note out in december, i am excited for this report and microsoft. stuart: thank you very much. good report from microsoft back to $300. expecting a strong report from apple who knows what will happen? is it possible microsoft and apple reports will put firm footing, firm floor under the entire huge technology sector? >> that is what i am expecting. into last year, big value push, is coming in a bit. this market throughout the year, these are not a similar year, rotation, almost weekly and monthly. are used this opportunity to increase positions, starting to

lighten up on the value stocks. looking to outperform. hope you have your pepto-bismol here because it is 3%. this is incurring groundwork. we had some nice capitulation. on monday, inter-day, inverse head and shoulders pattern, we tested the neckline of the inverse head and shoulders pattern overnight, strong footing. we finished today above 4440 the s&p, we could be off to the races for another week or two. we when you are the first person to talk about the head and shoulders and neck line inclination, used to give people the buzzer for that but you escaped. 's crypto finding its footing? >> i think they can. i like to keep you on your toes when talking about the german boom, the neckline of head and shoulders today but i think into can find some footing here and you had such negativity.

look at bitcoin, look at gold for that matter, negativity, is that a spark -- you buy when there is blood in the street. that's what i'm looking at right now. stuart: it takes a strong stomach to do it. you are all right despite the head and shoulders stuff. i want to know about blackstone. i own a thin sliver of it. >> double your fourth-quarter profits, one dollar and $0.45. record performance pays that out. stuart: earlier on the show, dividend guide, he said to buy intel, that the one to go with because over the long-term they will do well with their dividend. this thing is down 6%. lauren: pretty cheap for intel. what happens? it was not a bad quarter but

the forecast was. they were disappointed by the ambitious spending plans, what the company had to say about the current quarter. margins will take a hit because of the spending and ac week pc sales, that is the bread and butter, bigger unit, that's why started getting discounted. can they recover? brokerages are coming out and not saying very harsh things but the street is today. stuart: buying up and down gasoline alley, valera is the place i buy gasoline. they said something about air travel. lauren: they provide jet fuel and diesel, the net is up one%, that they see jet fuel demand at 80%, 2019 levels. that includes international too. you see the domestic air market coming back, it is not fully back, internationally going to lag. as the gasoline demand, back to

2019 levels. a good commentary on what we are doing and where we are going on our pocketbook and desire to get out and about. stuart: amazon facing another union vote. shifting rates 200% a year ago. bad news for your wallet. the white house says a black woman will support supreme court justice stephen breyer. i state is identity politics. former supreme court clerk carry separino takes that on. flexshares are carefully constructed. to go beyond ordinary etfs. and strengthen client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully.

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♪♪ stuart: that is the supreme court of the united states. president biden will deliver remarks on the retirement of justice stephen breyer at 12:30 this afternoon. who was on the list of possible replacements? >> justice stephen breyer will be at that event with president biden so we will see if he makes remarks right there but it didn't take long after that announcement came out the breyer was going to retire, their two judges we are looking at right now, the first is brown jackson on the dc circuit court of appeals. she clerked for justice stephen breyer. the other is candace jackson okawomo on the circuit court

of appeals in chicago. as far as judge brown jackson, she is seen as a front runner. she was confirmed 53-44 with all democrats voting yay, last summer on the circuit court of appeals, this includes 3 republicans, lindsey graham, susan collins and lisa murkowski. here is judge jackson at her senate hearing last april. >> i am both humbled and very grateful to be here once again. i'm also truly thankful to president biden for giving me the honor of this nomination to the circuit court. >> two name seen as potential nominees, leon kruger and federal appeals judge who i just mentioned candace jackson okiwomo who was appointed by president biden with the same votes as jackson. she spoke last april. >> from my time in the, justice system as an advocate, is the

importance of setting aside personal conviction, personal opinion. >> what makes judge brown jackson who works in washington dc so attractive likely to this administration, this is important, she is predictable and she is already vetted. stuart: that does make a difference. see you again later. let's bring in carrie severino. i believe you were a clerk to a supreme court justice. is that correct? it is. >> i clerked for justice clarence thomas. stuart: president biden says he is going to appoint a black woman. it strikes me that is identity politics. what do you say? >> i hoped the days your race or sex was your qualification for a job went out with the civil war and women's rights but that is not the case right now in the biden

administration. what is more worrisome is the women we are seeing talked about our people who are straight off of the wish list of liberal dark many groups who spent hundreds of millions of dollars to get biden into the democrats elected in the last campaign cycle and it seems this is payback. stuart: the new person on the court is not going to change the ideological balance of the court, a liberal replacing a liberal so it will be a 6-3 majority conservative. do you think the left will turn around and say we can't have this, we need more seats on the court? let's dilute the conservative winning streak? could you see them doing that? >> they have been doing it for the last couple years and they will mentally continue to do that. if they think they have a chance to expand the court they would rather have that. even though this isn't going to be a dramatic shift like ginsburg to barrett confirmation, it is an opportunity to shift the court to the left because justice

breyer was one of the more moderate liberals on the court, willing to make compromises with conservatives, he spoke against stacking the court which got a lot of people angry at him. we will see someone, picture as moderate but someone who has absolutely reliable liberal voting record and anything push the court further to the left and more of the extremist hair on fire i predict like we have seen with just a sodamayor, sending the moderate down to justice breyer. stuart: at this moment in time 2022 do you think america is okay with selection by race? >> i think that is totally inappropriate and contrary to our constitutional values. the supreme court, taking up the case that is considering that question for next term. harvard university appears to take race into account.

you have sitting on that case, whether harvard can select based on race who themselves selected based on race. a little ironic. stuart: ironic, that's one word to use. carrie severino, thank you for joining us, see you again soon. check those markets. can't get away from them. 450 points up for the dow, 115 up for the nasdaq, 51 for the s&p. the rally holds as of 11:22 eastern time. bank of america boosting pay for senior bankers. why the boost and how much? lauren: 500,$000 base pay for senior bankers, an increase of 700,$000, the same increase for directors, their base pay goes to 350,$000, associates, 160,$000. why? war for talent. this is coming up, we just got

over the financial earnings season and saw so many of them increase compensation. that is the cost for them and every employee is getting special compensation award, 97% of their workforce because the company did well last year. stock was up 47% and that award is worth $1 billion. they want to keep their staff. stuart: you want to keep them, pay them. amazon is facing another union vote. this is significant. where it is happening is significant. lauren: staten island, new york, workers are going to take a vote to unionize. amazon is pushing back, questioning if the 2500 signatures are legit, it is high profile labor battle for a huge company a time when workers have power. it is not just in new york but alabama. last year workers voted down the push to unionize and now have so many new workers they have hired and why don't you protect me is the mentality for

younger people, newer workers and they are questioning whether amazon did illegal things to pressure that vote so they will do a retake of this vote in the next couple days and we will see what happens. stuart: if amazon had been unionized from day one do you think it be the company it is today? lauren: know. stuart: nasa side of $300 million contract with version orbit. we have details on the new space mission they lined up. from the george boyd protest to the capital riots senseless violence is out of control, so says wall street journal guide dan heninger who joins us after this. ♪♪

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♪♪ stuart: great harmony there ♪♪ stuart: interpret florida it is 60 degrees. lauren: it doesn't look as happy as the song with that gray sky. stuart: if you like the music you we are playing follow us on spotsify, search "varney and company". check those markets. we are still in rally mode. not as much as there was, dow is up 300, nasdaq up 70. up and down all day. susan, what have you got on robin hood? susan: i added that song to my playlist because i loved it so much. robin hood itself, haven't added it to my portfolio. what a difference a year makes. robin hood, the game stop saga, commission free trading, signing up tens of millions of average folk investors during

covid and robin hood ipo at $38, trading over 12. how good does that feel, peaked last summer, became a meme stock. they had 22 million at last count and crypto trading will be interesting. stuart: that is a long way down from 70, down to 12. apple earnings out this afternoon. what have we got? susan: the biggest report card we've got tonight. record sales committed with the iphone 13 selling well in china, that apple is working on a service unless companies use their iphone to process payment without attaching any external hardware. his only company, where. stuart: what is the dongle? susan: that is something you attach, a small hardware device

you attached to your phone, if you bought me lunch at one point, process your visa card payment on the phone. stuart: now i understand. kim kardashian's shape where company. imax kim is the name of her shape where company. she raised money out of $3.2 billion valuation that is double what it was worth 9 months ago. at 20% plus state in skin so you do the math, you're good at that, large individual shareholder. what he told me is there is still a lot of money out there chasing deals regardless whether interest rates are going up. stuart: she raised $3 billion? >> he is 20% plus, it is close to $5 million or so.

marketing, reality tv, a name and a brand, whatever you say about the kardashians, they are masters of marketing. stuart: i admire people who make a great deal of money out of being famous. that's not bad at all in my opinion. thank you very much, see you later. google's cloud division for the group to build business around-the-clock chain application, that the keyword, block chain, big in crypto. susan: when they want to diversify from advertisements that telling a lot of their money and they look at their cloud customers and they are increasingly trying to drive business toward this idea of decentralization and web 3 and all these new terms we are using. they will get into the space in a bigger way. stuart: google is doing it as an alphabet. he is a headline for you. american epidemic of mindless behavior. today political protests, crime and personal choices always hover at the edge of madness. who wrote that?

dan heninger who joins us now, dramatic stuff. tell me, what is causing this mindless behavior you are talking about? >> the cause is something many people wonder about but so many americans are struck by the untethered mindlessness of so much behavior today whether it is the guys shooting cops, knifing women to death and killing people working at burger king while they are on camera. airline rage, an attorney recently invited 3 women on long island at jfk airport, not a security agent to the ground and stomped him, what are people thinking? what has happened here is a collapse of standards of behavior and norms all across the board and a lot of that is related to the two big events we've seen in the last year, one was the protest after the

shooting of george boyd in the summer of 2020. there were protests but it came with a lot of looting and rioting in new york in cities across the country. on january 6th we had the "barrons roundtable" riot and in both those cases people found a way, what i call the adult in the room who should know better found a way to explain away that behavior. to rationalize it, to find justifications for both the riots during the summer of 2020 and the "barrons roundtable" protests. when you take down standards of behavior like that, it begins to affect people across the board. policing, talking about broken windows. if you don't take care of the small problems in the neighborhood. eventually grows into something larger. that is what is happening in politics and in personal behavior. it has grown into something

larger and americans feel their country is verging on the brink of significant instability. stuart: it can't go on like this. you can or it can't. >> it can until people in positions of authority begin to push back and i will go so far as to suggest that coming up next presidential campaign, some of these president of candidates especially the republicans should put this on their agenda, start talking about standards of behavior. they will talk about progressive prosecutors that they should talk about schools, adults, the way all of us have to revisit norms and the way we conduct our lives. open-ended as it is right now, it is leading to a lot of simple personal and political anarchy. stuart: what of our values, the core values of the united

states of america? talk about it, figure it out and pursue those values. that is a great column you have written today. we will see you again soon. again we are going to show you the humanoid robot designed by tesla which is an actor dressed to look like a kind of rowboat. elon musk thinks these robots could be bigger moneymakers -- fed chair powell admits we are not making progress on the supply chain crisis. role tape. >> we expect supply chain issues to be worked out by the end of this year. i don't expect them and have not expected them. stuart: not quite sure, he's saying we are not making much progress on the supply chain stuff. backlogs and we face price hikes. ashley webster has artifacts from the port of savannah next. ♪♪

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stuart: jackson airport in atlanta. signed, sealed, and delivered. show me a southwest airlines stock. southwest says they will return to losses soon because omicron slows down travel. it is up 5%. jay powell admits they are not making much progress on the supply chain, at the port of savannah, the fourth busiest port, what are they doing to fix the shipping backlog? ashley: they are having success on that end.

i was here 3 and a half months ago. the area around me, all of this was just dirt, an empty patch of land, creating more capacity for these containers. ships anchored off the coast in savanna three months ago and the big news egg, they managed to catch up with the backlogs. the executive director of georgia port authority, first up with congratulations. what is the secret. >> we told you we needed to get more space to get the cargo moving and once we did that to get those ships going. more space has come. we added 500,000 pe yous of new capacity, on the side here. the only thing is we are at 2 million. only part of the way done. we've got the railyard up and running, both segments.

all of it is going really well. b5 you go to the west coast and they have over 100 ships basically anchored at sea. this is going to take a long time. we know the cost of shipping has gone up and i will get into that in a minute. >> every major port, every container port save savanna have ships backed up. we are very fortunate we have the expansion capability. if you look out 10 years we are investing $3 billion. if inflation were to continue in this direction that cost goes up and then it goes to the consumer. we are watching this inflation closely. ashley: thank you very much. in los angeles or long beach you never know. i want to talk quickly about those costs. these are the freight rates being quoted by globally up 140% year over year from asia to the us west coast, the prices got up 250% and asia to

the us east coast up 184%. when you are talking that much money, just to get goods to the united states you see why prices are high at the white house is things should improve in the second half of this year, got to tell you most people looking at the situation say we will battle these high prices through the end of this year into 2023. stuart: i take the port of georgia, savanna, did not get much help from pete buttigieg and the guy you spoke to should be the next french rotation secretary. ashley: a good idea, i will suggest it. stuart: see you soon. virgin orbit just inked a massive deal with nasa. what is that about? lauren: investors limit. virgin orbit provides launch services for small satellites and they will continue to do so for nasa, a 5-year contract for a value of $300 million in this

is commercializing satellite launch practices. virgin orbit will do it. stuart: this is the moment we get to the robot story. elon musk says the most important product for his company is not a car, it is the humanoid robot. lauren: i saw this coming because last month elon musk, the biggest problem is low birthrate. we don't have enough human workers. he thinks you need a humanoid robot to be a worker, to build the teslas on the factory floor and that is what he is doing. about 125 pounds, it is like a computer, like a car all of sensors and the like. stuart: that is an actor dressed up. >> in that video it is but elon musk's vision is to have not a human but a real robot. stuart: i don't want to give viewers the wrong impression, they do not have a robot that can do that.

>> will they? do you think elon musk is pushing the envelope too far as he often does? >> know. is a forward thinking genius and he can come up with a tunneling, space company, that man -- lauren: what do the regulators say about that? stuart: how deregulating robot? lauren: what is the timeframe? stuart: do you have to be nice to them? people probably will. it doesn't fly back. remember the dog who could dance? that is the one. back to the market. we are in rally mode. we've got 27 of the dow 30 in the green, they are up and the dow is up one.5%. move on. our next guest is asian american voters of supported

democrats for decades. some feel abandoned by the party. heaven riley, senior contributed to the federalists tells us why the tide may be turning. ♪♪ ♪♪ you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire

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stuart: 11:50 eastern time, the dow is up 470, the nasdaq is up 100 points. they are opening many petco stores inside some of those stores in texas, north carolina, south carolina and they will have a veterinarian on site as well. it is up $0.58. levi straus, strong demand for jeans and jackets despite higher prices. it is up to the stock 11% and levi plans on raising prices this year. it highlights why asian americans are leaving the democrat party. the author of that piece is helen riley, asian american supported democrats for decades.

i wasn't aware of that. >> if you look at president obama's presidential campaign, he won 70%, even president biden, 161% of american vote. stuart: i did not know that, they voted for democrats for decades but i didn't know it. you tell me why asian americans are leaving the democrat party. >> asian americans, on two critical issues and the safety. it is an example, especially working-class asian immigrant families, education is the only lifeline to let the kids out of the cycle of poverty and achieve american dreams but democrats are taking away the

lifeline so in san francisco and virginia democrats push the merit-based admission to visit high schools and in new york city democrats push to phase out a talented program. using rate space as a mission to artificially keep the mission low for those cottages. the democrats basically endorsed the racial hierarchy system that openly prefers the progress and the very definition of racism and bigotry. stuart: how do asian americans feel about president biden now? >> a lot of mixed feeling.

president biden, the democrat policies on education are disappointing and a great deal of anxiety among asian americans about safety, anti-asian has been rising through the most progressive in new york city. stuart: i remember when the pandemic started and donald trump called it the wuhan flu and other names associating the virus with asian americans and attacks on asian american started soon thereafter and donald trump got the blame. do you blame donald trump for what happened? >> with spanish flu, causing anti-asian hate crimes but did not help because it would bring so much fear with the pandemic and some were driven by that

fear but the crimes we see today against asian americans a direct result of democrats off on crime policy. stuart: we feel for you. we really do because we know you are under attack in our most liberal cities and that is an appalling thing. appreciate you being with us and i want to update this story and follow it through. thank you very much indeed. thursday trivia question, haven't got a clue about this. justin timberlake and which other artists have performed three times at the super bowl halftime show. we will reveal the answer after this. feel stuck with credit card debt? ♪ move your high-interest debt to a sofi personal loan. earn $10 just for viewing your rate — and get your money right. ♪ there's a different way to treat hiv.

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send in your "friday feedback". you send in your videos. send us an email, varney viewers at folks.com. this week i want to see some hate. i'm tired of the flattery. i want criticism bordering on hate. lauren: oh, no. stuart: time up for me. really time up for me. jackie it is yours. jackie: i just wrote the email address down, stuart, look out. welcome to "cavuto: coast to coast," everyone. i'm jackie deangelis in for neil cavuto. we have a market rally underway today. sentiment up as investors get a boost from a stronger than expected gdp number. we'll have the latest market news this hour. first, democrats are hoping to quickly advance a new justice to the supreme court after learning that justice stephen breyer programs to retire. we're expecting to hear from the president on this later this hour.