at least be critical of the biden administration and what they promoted as a brought to this country. maria: the gop will have some success this november, not enough time but we have to continue this conversation. thank you for your leadership. markets selling off again, down 115 points, dagan mcdowell and joe concha, thanks for being here. stuart: apple did come in with a strong profit report. did not put much florida the market. apple is up 3%, the rest of the market in the selloff mode. the dow industrials open on the downside, down 100 points. down 10% from its november high, it is down 17% from its

november high, the worst first month for the nasdaq ever but it will open a fraction higher this morning. here is a measure of how negative the sentiment is, thursday there were 645 stocks that hit new lows. the 10 year treasury above the one.8% level, 182, that is the story there. or you'll holding at 87 and now $88 a barrel so there is energy price inflation to worry about as well. bitcoin not really part of the selloff, 36,$900 per coin. we have a hawkish said, rising energy prices which means inflation pressure and continuing war talk over ukraine. the president travels to his home state of pennsylvania today speaking about infrastructure, two top democrats in this state will not be appearing with him.

john fetterman is running for the senate, both were inviting, both pleaded scheduling conflicts. democrats in other states of walked away from the leader of their own party and an election year. a scandal long suppressed is breaking open this morning, peter schweitzer reveals how to deal with china absolute give biden's $31 million. and and brings back to life the old question, that has long been up, does china have something on the president. "varney and company" is about to begin. >> i'm alex. >> i'm deborah.

>> this is bella. you are watching "varney and company". ♪♪ you ain't nothing but a hound dog ♪♪ stuart: you really like that, great way to start the show. start with apple, after the bill. 2.7%. that was a blowout. lauren: let's talk about the wonderful report that it was. big increases in every category, and their services. the apple is up 9%. one out of four phones that are sold there are iphones. tim cook said the supply chain crisis is going to ease, it is

using this court. the stock bounced the overall market. stuart: very positive stuff. let's bring in ryan payne, market watcher of this friday morning. and and and and and i expect is that americans in the market. the real opportunity is you have inflation, talk about inflation. the stocks, more of an inflation hedge like energy stocks going through the roof. kudos to apple but it is not on top of my buy list.

stuart: i am worried the stock market is going down and will continue to stay down for a protracted period of time as it did in 1970s. do you see anything like that coming? >> know. we are in the roaring 20s, the 70s were a terrible time, we think about hyperinflation the cost of goods going up and what tim cook said is critical here, supply chain starting to ease, inflationary pressure will come down a little bit, wages continue to go higher. a pretty good combination. if you look at it, unemployment will come down big this year. gdp growth over 3%, companies will be profitable this year. you will see single-digit earnings on the s&p 500 and if you look historically when interest rates go up.

you see the fed, with rate hike failures, stocks do well the next 12 months. this is a market correction. i love the pessimism, it is a counter indicator. you've got to be bullish. the one i've got to remember that expression, the roaring twentiess have arrived. see you again soon. now, we have the latest read on inflation that was announced half an hour ago. lauren: the fed inflation gauge some device level, from a year ago, then another board showed company spent 4% more on compensation. haven't seen an increase like that since 2001 but workers are not spending that money. consumer spending, two thirds of economic activity fell 0.6% in december. stuart: the inflation indicator

suggests continuing inflation pressure. that is negative for stocks and interest rates. justice stephen breyer's retirement announcements president biden confirmed he would nominate a black woman to the supreme court. forgive me for addressing an opinion but i think that is another example of identity politics. what say you? >> i agree. i don't care about the color or lived experiences of the supreme court justice nominee or any of them. i care about do they know the law, do they love the constitution, do they believe their job is to interpret the law or to be a superlegislator, activist on the court? that's not their job. that is what matters. that is setting us backwards for the president to put color at the forefront of his decision. to nominate someone.

stuart: i know you have seen this and i want to repeat it for our audience because it is an important story. this op-ed, peter schweitzer in today's new york post, chinese elite paid $31 million to hunter and the bidens. why won't the rest of the media, the story? >> they are all in on the biden administration. this should be the biggest story in the country. the election in 2020, they had the story, blacked out the story. office on that laptop from hell, big media, senators who tried to bring attention to that. chinese disinformation and all kinds of things, russian disinformation, the biggest story. if this is true and it appears to be true, in this op-ed and

in his book, well checked out and well researched, then our president is compromised by the chinese and the investors that invested with hunter biden are from the chinese spy agency, not some random chinese businessman who got dirty deals, they are with chinese spy agencies. this is a massive story, the american workers first in the biden administration. he has to cover dirty little secrets from his family business. stuart: the first year of the biden presidency, china has crushed hong kong, threatened taiwan, threatened our athletes at the olympics if they involve in any kind of political protests, they have not come clean on the wuhan lab covid story. all of which leads to the question, does china have something on biden.

kind of soft at the very list. >> member the clip, not bad people, they are great, they can't beat us, not our competitors. if you ask me i believe our president is compromised. i believe this is a national security threat and i believe this is an economic threat to the american people because china is our competitor. they are our economic enemy in every sense of the word and i believe the american workers and policies being set forth by the biden administrator influenced by these dirty deals with hunter biden. there is no way hunter biden made $31 million because he is a great, wonderful, awesome businessman. shame on the media and shame on big tech. we should have known this before all the americans went to the ballot box in 2020.

this was what rigged to the election in my opinion, people went to the ballot box without full information and should have known about this and what was on that laptop prior to casting their vote. stuart: i can tell you are fired up about it and rightly so. thanks for being with us today. appreciate it always. congressman jim clyburn said he had a role to play in president biden's pledge to nominate a black woman as justice of the supreme court with a specific pick in mind. >> melissa childs, clyburn confirmed to the washington post, he had discussions with candidate joe biden two years ago, they made a deal, clyburn would endorse biden for president and that saved his bid. if biden promise to nominate a black woman to the supreme

court. now you have michelle childs, federal judge in south carolina. she did not go to an ivy league school, she comes from a blue-collar background, the living experience different from a lot of justices on the high court and clyburn says she is a shoe in because she has the backing of south carolina senator scott graham. stuart: that's not issue and if the president chooses someone else like vice president harris but that is another story. >> don't think that is going to happen. stuart: check futures. look what we've got this friday morning, nasdaq is up a little, the dow and s&p are down a little. have you seen this? a convoy of truckers protesting vaccine mandates in canada getting a warm greeting from the canadians. canada's prime minister writing them off as a fringe group. watch this. >> the small fringe minority who are holding an acceptable views that they are expressing do not represent the views of canadians. stuart: unacceptable views. i find that fascinating. in a free speech society, which

views are mandates are on a double? russia continuing its military buildup on ukraine's border. what is vladimir putin doing? playing 4-time? i will ask congressman dan news are after this. ♪♪ it's going to be a long long time ♪♪ ♪♪

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get off the floor and get on the aerotrainer. go to aerotrainer.com, that's a-e-r-o-trainer.com. first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... 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. watch me. stuart: 13 minutes ago, the s&p is in the plus column, the dow is down 60 points. it has been a wild ride for

this market. why am i watching the russian troops in ukraine? lauren: that is one of the things we are watching. stuart: let me say it again. a wild ride this week. glad it is over. lauren: when you put all of that in perspective is hours only don't hundred points. stuart: that is a wild ride. lauren: the nasdaq is down 14%. inflation gaining speed, the fed talking of rate hikes, where the market is considering to control that and it is starting to cloud the fundamentals and we are seeing a strong report card from apple, widely held stock and it is not lifting the overall market today. stuart: then there is this. russian troops continue their buildup on ukraine's border, the mayor of kiev, go to the subway tunnels and there's a bombing.

dan museare, do you think vladimir putin is just playing for time and playing along? >> great being with you. putin already bought us time, and to create this buildup, for the united states and european allies and time might be of the essence. up until 10 days ago, meetings i had, we had nuclear consequences related to russia. they couldn't relate to us what the specifics are. we had president biden's minor incursion comment and that forced zelinski, the president of ukraine, to say i may be have to negotiate with the russians which he began, our response to that was what we are doing now. we are finally responding in a

subsequent way. fingers being sent, 8300 un troops being set up. and a couple days ago, nordstream is being canceled, and imminent invasion. stuart: you will wait until the end of the aging winter olympics, wouldn't want to mess up his ally xi jinping. president biden coming to your state today talking infrastructure. a bridge collapsed in pittsburgh a few hours ago. don't mean to be facetious but good timing if you're going to make a speech on infrastructure later today. >> infrastructure is a core function of government. there bill was in the house, which they did pass, $4 trillion of extra spending

and taxes which mitigated any gains. much of that money was for things that were not related to infrastructure. the president is looking for any game he can get at this point. his handling of the economy is a total failure. we had a good gdp number, that was an awful quarter but between inflation, gasoline prices, stocks of goods being laid down, he received an f on the year's handling of the economy. stuart: you won't be at the presentation announcement today in pennsylvania? >> my invitation must've gotten lost in the mail. i won't be out there. we what happens every time, just the way it is. thank you for being here, appreciate it. let's go to canada, a truck convoy making its way across

the country. i want to know are they protesting the vaccination mandate in canada when they get to the american border or come down south? >> american truckers are joining them from north dakota, south carolina, it is called the freedom convoy, 30, to 50,000 truckers, many who are vaccinated opposing the vaccine mandates. as i said they are being joined by americans crossing the border to cheer them on. it is cold in canada and people are waving on the side of the highway on the overpasses so there is no mandate for truckers crossing the border even though they spend most of their time in the cab. of all people you are going to force a mandate on why truckers are mostly isolated? the best part of this the media hasn't been covering it. they are starting to now. canadian prime mister justin trudeau called it a fringe movement. stuart: imagine that, if you

have anti-vaccination views that is unacceptable. in a free speech society i don't think you should be talking like that. neil: truckers are not saying that. they are anti-mandate. 16,000 of them if you look at canadian numbers, 10% to 20% but most of them are vaccinated. they don't want to be forced. stuart: i would like to see a poll of public opinion in the united states. are you in favor of the vaccination mandate, yes or no? i think the opinion has shifted toward the no column. i don't know. quick check of futures, 7 minutes to go, up for the s&p, the nasdaq, down a little for the dow, a mixed market open. with "the opening bell" we will be next for you. ♪♪

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results. what is interesting is we have to an activist involved in the stock, taking the stock up 6%, 7%, 8%. this is a negative inflation, materials lee slowdown without explanation. first time i downgraded the stock in over a decade. stuart: would you say the same thing, about whether you follow other streaming companies, are you downgrading anybody else? >> you are raising a good point. netflix is the leading service worldwide and this is a wonderful service, great management team, the subscriber growth is going to slow the stock can't perform, and a huge valuation correction and in the last two months of the stock.

stuart: it used to be 300, now history hundred 87. how about amazon, you've been on this program frequently saying it is 4300. it is 2823, premarket. are you still holding out for 4300 years end? >> i'm a patient long-term investor, three key points. first, the nasdaq is up 14%, rising inflation concerns, always undermines tech stocks especially those are high multiple future profit companies. that the future head went for quite some time. microsoft, apple, exxon deserves to be in that group, google and facebook, if they print numbers those stocks will rise, microsoft and apple have shown that. amazon is going to show that as

well. especially as you go through the year, such a massive investment cycle to deliver fast and faster delivery, you will see the growth reaccelerate as margins expand, the stock will outperform. blue when i think you are a brave guy. thanks for being with us. "the opening bell" is about to ring. it is ringing right now. it is ongoing 30 eastern time. not expecting much price movement. at the moment we have opened with a gain of 40 points for the dow industrials but 2 thirds of the dow 30 are in the red so a mixed picture for the dow. after the s&p 500 which is down 10% from its all-time high in november up a fraction, one third of one%. the nasdaq composite up 2 thirds of one%. big tech out of the gate, that

is where all the money is. all of big tech up a little, just slightly higher across the board for technology today. let's look at the broader markets. we just opened up 100 for the nasdaq and up for the dow in the s&p as well. take us through all of this. the pattern of trading recently. >> we are looking at a fourth straight weekly loss, the longest losing streak in 18 months. investors rushing to exit and investment managers as quickly as possible given we are almost in bear market territory with the nasdaq down, not the case. bank of america, $17 billion, went into neutral funds, 0 capitulation here and it is the biden that mentality that is alive and well and you are

looking at across the board friday. stuart: money flowing in, you are quite right. tell me more about apple. i know you were on the earnings call after the report came out. what did tim cook say? lauren: susan: i spoke to tim cook after earnings and he said it was a fantastic quarter, all companies are dealing with it and the supply chain and chip glut but $103 billion in sales, that is the highest sale number for any us company and the biggest in apple's 45 year history. they have limited impact for chip shortages, supply chain inflation. is what tim cook told me after the earnings and the momentum continues to start the year, we expect solid year-over-year revenue growth for the march quarter which is where we are, the revenue record as anticipated which is very bullish and the supply

constraints in this first 3 months of the year to be less then we saw in the last 3 months in the december quarter and last year. as perfect a quarter as you can get under the current conditions. calling 210 for the stock and $34 billion in profits plus profit margins of 43%. you can't get your head around these astronomical numbers for $3 trillion. stuart: looking at revenue for a full year, approaching or exceeding half $1 trillion. we check in the word trillion all over the place. we had some earnings reports from companies first thing this morning. start with caterpillar. susan: inflation biting into profit margins for the heavy machinery maker. the prices are not fast enough

to cover higher manufacturing and material costs but i want to show you chevron. the oil maker, and the highest that oil prices, this is expected. chevron didn't make enough money, they did hype their dividend for the 30 fifth straight year they have raised their shoulder -- elder payout and exxon mobil, you're not reinvesting in the businessman making sure you pay your investors enough that they stick to the clock. stuart: chevron did very well in many respects but because it didn't meet those famous expectations they are down 4%. is that it? susan: i think with chevron given that oil prices are the highest in eight years and made the most profits, what else do you do besides ride on the oil price?

stuart: look at the oil price now, $88.50, another 2% and chevron is down. crazy stuff. they are up 6%. susan: if you multiply by 7 points, 80 points on the dow rally this morning. revenue topping $7 billion for the first time, consumers continue to spend especially online, interior, strong in particular and plastic visamakers is a strong indication that consumers around the world continue to spend. stuart: let's look at tesla. that is your story, your subject, that's going to be your car one day. what have you got? susan: if i can find a cyber truck eventually, tesla had its worst day down 11%, sub 800 here. that's what people are saying. it was fantastic quarter to end last year but they are delaying all new models until 2023.

supply chain crunch means no cyber trucks, no cell is, limited production and that means you will only get what you are a have on the roads. expanding sales in tesla going through these problems imagine what smaller guys like rivian are experiencing. the media target price, 1087, and they are not capitulating yet. stuart: a long way from here, tell me about robin hood? they must have been hammered. susan: down to record lows for the stock, the ipo, $38, imagine how you are feeling. and a big problem in slowing user growth with monthly active traders dropping to 17.3 million to end last year, that the slowdown from the bottom and coming up to tough

comparables to the explosive game stop saga we saw a year ago when people were rushing to get onto robin hood, crypto trading after robin hood lost the first mover advantage for dogeasel coin trade but robin hood continues to investing crypto and in order to get more people they will expand their hours which is not a good metric. you want more users, and get more payment for order flow. stuart: you want more investors, case closed. see you later in the show. dow winners on your screen, microsoft on that list up $8 as we speak. it is below $300 a share. corning again leave the s&p 500 list up another 11%, had a terrific run this week. nasdaq winners on top by broad.com.

big board, some selling from "the opening bell," now we are down 250, below 34,000 on the dow industrials, the 10 year treasury yielding 182. gold at $17.85 below the $1,800 per ounce level, bitcoin 36-8, oil $88.51. energy price inflation and right in front of you. natural gas, i always liked -- can't go back to natural gas, that is gasoline but i take it because that is gasoline prices rising, up another 2 sense, now $3.36. i show you california, $4.64, you pay through the nose on the left coast. do we have the natural gas price yet? we are trying to get it. meanwhile, look at this. leaked veo shows federal contractors eagerly flying illegal migrants from the

border to the new york suburbs. role tape. >> what is the big secret? everybody knows it is happening. >> the government will train the american people. stuart: what they are doing is illegal, aiding and abetting illegal migration and we've got the full story. elon musk slams president biden on twitter, calls him a, quote, damp sock puppet in human form. tell us how you feel you feel, don't hold back. the average price for a used car 29,$000 if you can find one. inventory levels way down, lowest levels in a decade. i will talk to the chief executive of the used car company shift right after this. ♪♪

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♪♪ good day sunshine ♪♪ stuart: i didn't realize you were going to uni singing the beatles. no sunshine there in melbourne, florida, 61 degrees, not of each day i would say. finally some good news on new car prices, prices down a little in january but still at a lot of the level. >> the good news is the first drop we've seen in 10 months. and see the supply chain crisis starting to improve. stuart: may be you can.

the average price for a used car is 29,$000 up 37% in 2021. george harrison is the go ceo of shift, a used car company and george is with us now. can you sell any car you can get on the lot, and 29,$000 average. >> 40% year over year, the largest used car sale in the country and it is a challenging gain to grow the business dramatically. stuart: where do you get your cars from? >> we are seeing is demand across all types of cars especially older vehicles. the price has been up so much they can afford but might be better now which is inspiration even longer and you are allowed

to. stuart: as i recall you got cars from rental companies when you go off lease. >> 95, a little bit of matching that allows us to grow a lot better. and the rental company. the supply is extremely low. stuart: suppose i bought a new

car in 2019 and paid 25,$000 for it. could isolate 18 months later or two years later for 35,000? >> hard to speak about specifics but seen incredible appreciation in inventory. you get inventory, last year was appreciating. one of the challenging things, they can only pay so much on a monthly basis and the pricing is harder to deal with. i think we are seeing moderation. i don't expect rates to come down from where they are. stuart: congratulations on a fine business over the past year. we like success on this program. now this.

president biden met with ceos of general motors and ford yesterday. elon musk had an interesting response to that meeting. susan: he wrote this on twitter. president biden is a damp sock puppet in human form. i suppose that means he has no backbone. tesla -- the deck of that meeting with the president was to sell build back better. look at these tax credits over 12,$000 but in the past musk said he did not advocate for build back better. 's industry does not need government support. stuart: general motors and ford are union shops. they get support from the president. they get extra tax incentives. that is outright discrimination against a nonunion shop. lauren: that is what is happening.

that is why elon musk was not in any of these meetings because tesla is not and won't be a union shop against what president biden stands for. everybody else is trying to catch up. stuart: give me musk absolutely. well said. i like your opinion. look at this headline. covid trauma hurting a generation of kids. we failed them as a nation. goldie hahn, we have a story. honoring a hero. massive crowds expected for the funeral of nypd officer jason rivera, killed in the line of duty. he was 22. we take you to saint patrick cathedral for a live report after this. hearing is important to living life to the fullest.

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just a few blocks from here the funeral for the following nypd officer jason rivera is underway being held at st. patrick's cathedral. set the stage for us please. >> reporter: it is a cold, snowy, solemn day in midtown manhattan. you can hear the ceremony, the funeral service inside st. patrick's cathedral. there are hundreds if not thousands of officers lined up on the streets listening to the service as they honor the memory of 22-year-old fallen officer jason rivera. the rookie police officer who was gunned down and ambushed with his partner, wilbert mora while responding to a domestic violence call in harlem last friday. the reverend has been speaking, this funeral service is being presided by cardinal timothy dolan. here is a soundbite from the reverend as he delivered a

moving speech a few moments ago. >> since last friday we have been trying to make sense of the death of our brother jason. subsequently the death of his partner, police officer wilbert mora. truth be told we haven't made sense of their deaths. and what is human and fragile. >> reporter: he went on to say the sting of this debt is so tragic, while he was just beginning his career, just beginning his marriage, and realization of living a childhood dream. rivera always wanted to be an nypd officer to better the relationship between the community and the police. mayor eric adams will speak any moment now. the first female commissioner of the nypd will deliver words not only to new york city but

also the rest of the nation. we are seeing not only a rise in crime and violence but a number of officers shot and killed as well. stuart: thank you very much indeed. florida senator rick scott, steve hilton and tammy bruce, the 10:00 hour of "varney and company" is up next. ♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further. ♪♪ it has our back. and goes out of its way to help. ♪♪ when you start with care,

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♪ i want to put on my, my, my, my boogie shoes and boogie with you ♪♪ stuart: good morning. everyone. straight to the money. the dow industrials on the downside, kind of bigtime now. we're off 329 points, back below 34,000. nasdaq's down 76. the so -- 10-year treasury yield is at 1.79%. that should be advantageous to technology companies because it dropped below $1.8% -- 1.8%. where are we? all of them, except for amazon, microsoft if, up this morning. apple leading the charge. bitcoin, you're at $36,700. now, we just got the latest read

on an important indicator, consumer sentiment. lauren, what have you got in. lauren: the month of january it really tumbled to a level of 67.2. there's a host of reasons for this, but it's basically inflation. it's pinching americans, impacting how they view the economy and their expectations for the future, and they don't -- they doubt the government's policies will be able to fix this situation. stuart: ouch. that's an indicator of sentiment, and it's turning negative. good stuff. thanks very much, indeed. no immediate impact on the market, although a little bit of southward movement right now. now this. the president travels to pennsylvania today, his home state. he's talking up his own win on infrastructure. should be popular, but he's getting the cold shoulder from some top democrats. john fetormanif, he's running for the senate, josh shapiro, both were invited to be photographedded with the

president if, both refused. they say they have scheduling conflicts. when you sit down a photo op with a sitting president from your own party in an election year, you know biden's in trouble. earlier this month, the top democrat in georgia refused to attend the president's speech on voting reform. beto o'rourke says he's not interested in getting help for his candidacy from any democrat. the party is walking away from its leader. why? first off, the prime minister's approval -- the president's approval ratings are in the tank. second, the party's split. the left doesn't want to be labeled biden democrat, and moderates understand that a biden democrat is a losing democrat. that's why 29 house democrats are leaving. it is 10 months until the midterm elections. if the president can't turn things around, the democrats will surely lose the house and the senate. afghanistan, inflation, crime, the border, covid, it's their

own fault. second hour of "varney" just getting started. ♪ ♪ stuart: now, here's a statement for you. the state wants to own your child. california aims to pass a law so so children can get covid-19 shots without parental consent. what do you think about that? tammy bruce wrote it, and she's here. explain that, please. get a shot for a youngster without parental consent. >> yes. this isn't surprising in california because this has been a long time coming. there are some other laws, but in this particular case i was surprised at the reaction. california is likely to pass the bill, the governor will have to sign it, that says that a child as young as 12 can get the covid vaccination not only without parental consent, but the child

has to consent, but then it's also illegal to tell the parents without that child saying, yes, you can. the irony here is it still takes adults to implement this. so my thesis in my column is that, in fact, they're just transferring consent and control from parents to the bureaucratic state. stuart: right. >> this all, will happen through schools, and then adults are -- there's a nonprofit that handles moving children to clinics. it is a remarkable dynamic where your minor child is being taken and dealt with by strangers who are adults who are making decisions. but california years ago, stu, passed a law that allows abortions to happen without parental consent and without telling the parents in addition to dealing with and treatment for rape or sexual assault, that a child can be handled by the state without adults, without their parents' being told. so this was years ago. in this thing with the vaccine is in line with what california

has done, and that said, philadelphia and washington, d.c. allow now minors 11 year old and older to get the vaccine. you can't even get the vaccine under 12, but they don't care, apparently. it's is 11 years old and older to get the vaccine without consent. it's about transferring your parental rights to the state, it's been going on for years. so parents have been radicalized. this is one of the things they need to look up at in their city and state. stuart: they better take notice of this. you've really got to take notice. >> it's a remarkable transition that somehow the state has determined that minor children, that the parents can be shut out of those -- this is why, stu, school boards are looking funny at parents who think they have a right to be involved in their education. why mcauliffe would say you don't have a right about what your child is taught. that's because of this kind of thing that has been permeating

for over a decade, and we've got to stay enough is enough -- to say enough is enough. this is a time to do it. stuart: that's a great column. >> thank you. stuart: tammy bruce, good tough. goldie hawn, actress, she has a warning about the effects of the pandemic on kids' mental health. what's she saying? lauren: she said we've actuallied -- we've failed our kids during the pandemic. this is what she said with "usa today," the covid era instancing, school closures, daily masking, she says there are everyday tools for mental fitness just as for exercise and healthy eating, we just don't teach them to our nation's children. and i was doing a podcast this week with mental health experts and psychologists, suicide rates are skyrocketing for 12 to 17-year-olds. now you have the education secretary, cardona, he wants to double -- use the money that the schools, the counselors and

experts in our nation's schools. it's really bad because you're telling kids to hide themselves, to stay away from people, so they closed himselfs -- themselves off with their devices. stuart: the education secretary's solution is keep the masks on, just give them more counselors. lauren lauren yes, but acknowledging the problem and the size of it, to double the number of counselors needed in schools? we haven't even addressed the education shortfall. this is the mental health crisis. stuart: good stuff, lauren, thank you very much, indeed. i've got to get to the markets. the dow's off 280, nasdaq down 87, s&p down 26. apparently apple's great results did not put a floor under the market. john lonski's with me. i've got to tell you this, john, 6.9% growth in the fourth quarter, that's annualized, that's a pretty strong pace.

but my question is, is the economy now slowing noticeably? >> yes, the economy is slowing noticeably, and i will add that that 6.9% growth rate was very, very misleading. you know, you strip out the contribution of a totally unexpected jump by inventories, real gdp growth slows to 1.9% and, believe me, the first quarter of this year growth will probably be close to 1 percent. stuart: ouch. now, that really hurts. that's a real revelation. how about inflation? is it beginning to failed? fade? >> no, hardly. that's hardly the case. the month of december we had the fastest annual rate of pce, price index inflation, since july of 1982, back when reagan's first term was getting into full gear. and i don't think it's going to get better anytime soon.

look at energy prices. you were talking about how natural gas prices are moving sharply higher? we now have an energy policy that supports, promotes energy price if inflation birdies couraging oil and gas drilling. stuart: okay. we've got inflation is still with us, we've got a slowing economy. dare i use the expression stagflation? is it coming? >> that's very appropriate. how else can you explain why we have such a very low reading on consumer sentiment that just came out despite the fact that we have a 3.9% unemployment rate? if i go back historically and look at that consumer sentiment index, ordinarily at this low level the unemployment rate should be 7.5%. this is telling me the consumers are fed up, they're becoming very fearful with the fastest rate, pace of price inflation

since the early 1980s. stuart: look at that market go down. a lot of good stuff this morning, we appreciate that. come back and see us soon. >> thank you so much, stuart. stuart: you got it. see you later. lauren's back with us. look at the movers, start with apple. lauren: yes, we have to because this is a spectacular report looking at the fundamentals, right? i'm just going to point to one analyst comment at morgan stanley are, a $210 price target. she said the guidance for the march quarter is strong. apple's building on the growth as the supply constraints ease and demand rises. all in, this is a company that's going to continue to do well in her opinion, many agree. stuart: what's this? vf. vans, they're shoe makers, right? lauren: very popular. and look at that stock. stuart: ouch. lauren: the problem was the guidance, they cut it for the year. they're blaming worker shortages at their vietnam factories, and disappointing margins are just too hard to ignore.

that hurts the stock. stuart: kroger. are they up or down? lauren they're down. they were cut to sell at citi. it's a defensive play, food stores. but inflation pressures, too difficult the keep passing along higher prices to customers. so it's a similar story at the sneaker maker, vans. stuart: lonski put his finger on it, inflation is not faigd, and that is a problem. how about spacex? i'm told they're planning a whole bunch of launches this year. lauren: one a week, 52. yeah, this is a big, bold bent and goal, and what are they going to be launching. they'll continue to forly astronauts to the international -- to ferry astronauts to the international space station and building out starlink, the satellites they send into low and medium orbit to beam internet broadband down to people who need it. stuart: you've got tesla, you've got the boring company, you've

got spacex, no wonder he's the richest man, the richest person in the world. lengths have a look at this. the irs want you to scan your face to access your tax return, but critics are worried this new technology is not secure, that your information, personal information, can easily be stolen. with we've got the story. a-list celebrities like rihanna teaming up with twitter's jack dorsey to defund the police. how about that? we've got that report in the 11:00 hour. the state department warns russia, move into ukraine and they can kiss the nord stream 2 pipeline good-bye. florida senator rick scott addresses that next. ♪ ♪

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♪ ♪ stuart: russia showdown, that

tells the story. russia is, indeed, launching a series of military drills after saying, quote, there's little ground for optimism over ukraine. amy kellogg is in moscow. what's the latest from the kremlin, i'm mihm? -- amy? >> reporter: we don't know exactly how he said it, but we do know president putin told french president macron on a phone call that the proposals put forth by the united states did not satisfy russia's security concerns. if we also don't know, stuart, exactly why putin was the chosen interlocutor for all of this, but france has hosted a very important summit as diplomats dealing with trying to resolve the crisis in eastern ukraine earlier this week, so that may have been for continuity's sake, and there is a glimmer of hope on that track right now. in the meantime, also today putin has been meeting with his security council discussing, quote, russia's foreign policy concept and how the world has changed in the last five years.

perhaps purposefully vague wording there, but you can infer that ukraine and nato would be firmly on the table. the u.s. ambassador here in moscow spoke to reporters today. he said the buildup of troops along ukraine's borders is bigger than they've seen before. so if this is really just about exerting some pressure to influence the direction in geopolitics, it's like, quote, putting a gun on the table and saying you come in peace. that said, russia's foreign minister sergey lavrov said again today that russia does not intend to start a war. >> translator: there won't be a far as far as it depends on the russian federation. we don't want a war, but we won't let our interests be rudely trampled on and ignored. >> reporter: sergey lavrov also accused the united states of using president zelensky as a sort of tool against russia to stir up anti-russian sentiment and said he thinks even the ukrainians are tired, stuart, of

being told it's all gloom and doom. stuart: amy kellogg at the kremlin, thanks very much. see you later. are rick scott, the great senator from the great state of florida joins us now. mr. senator, is putin just pinning out the crisis maybe til the end of the olympics? >> you know, who knows? but i'll tell you why it's all happening, because we've got a weak president. biden's so weak. he needs to kill the nord stream 2 pipeline right now. he needs to, you know, didn't biden get elected as this world leader bringing everybody together? well, where's germany and france? he needs to get the world on the phone, he needs to get the world community to call this out, and then we've got to give ukrainians all the resources we can give them so they can defend ourselves. but we've got to be talking to putin. stuart: would the germans go along with ending the nord stream 2 pipeline that brings gas from russia to germany? would they go along with freezing this winter for the sake of the americans? >> well, i think it's for the

sake of democracy. i think it's for the sake of not having the world controlled by communist china and by russia. so i think we've got to stand up. stuart: i mean, we've got to have our allies with us, and i'm not sure they are with us all the way with. >> well, we have a weak president. i mean, look, afghanistan was a disaster. everybody sees, oh, gosh, all of our allies are saying to themselves with this guy as president, with biden as president, can we trust the yietz? right now i think most people would say, boy, this biden's guy weak -- guy's we can. we've got to get a president that has some backbone. nord stream 2's got to go away, and we've got to give all the resources, all the equipment that we can so ukraine can defend themselves. stuart: would you absolutely say no american troops in queue cranesome. >> i don't think you should -- ukraine? >> i don't think you should ever say that. i think what you should do is

give everything you can so the ukrainian people can defend their freedoms. that's what israel does. they defend themselves, we will give you resources, you have to defend yourself, but you should never say you're not going to send troops. stuart: this is a diplomatic standoff. if it's a confrontation between putin and biden, who's winning at this moment? >> oh, putin's winning. i mean, biden doesn't stand up to everyone. he's more interested in having ice cream with people. he's not stood up to xi. he wants to get back into a horrible iran deal. he's not done anything to stand up to the castro regime or maduro regime. this guy is mr. weakness. stuart: i hear a lot of people saying twhieshed we defend ukraine. our interests are not involved. what's your response to that? >> well, i think what we ought to do is we ought to do everything we can to help the individuals in countries that believe in what we believe in,

that believe in freedom. let's give them the resources that they can defend themselves. that's what we do with israel. israel shows up. they never ask us to put american troops on the field. they show up, they defend their freedom, i believe ukraine ukrainians will do the same thing. stuart: the irs will soon require taxpayers to scan their face to access their tax return. i think you've got a problem with that, senator. what is it? >> they're already doing it. i've heard from so many people in my state that said, oh, i was supposed to get a refund, but i had to get on there, it had to be -- had to have facial if recognition. this is big brother. and, by the way, this is the same irs that got hacked a few years ago, and millions and millions of people's personal data was released. so, one, government shouldn't be doing this. number two, i mean, you know that it's going to get hacked. there's no confidentiality. i'm surprised biden probably has the chinese company doing it. stuart: one more for you if you don't mind, senator. you're in sunny florida. i know it's kind of chilly at

the moment -- [laughter] and i'm in freezing new york city. are you still seeing that huge volume of people traveling south down i-99 5 to your state -- i-95? >> absolutely. they're coming down 95, their coming down 75. our restaurants are full. this state -- real estate prices have gone way up because people have said i want to live in a state with lower taxes, less crime, school choice. i mean, this is what americans want. they don't -- i love my mom. we're sick and tired of government telling us at any level what to do. i can make a good decision, just give me good information. stuart: you always give great commercials for the great state of florida. senator scott, thank you very much for being here. we appreciate it always. thank you, sir. >> come on down. stuart: i'm coming, don't worry. [laughter] next case on the irs, here we go. people may have received letters with the wrong dollar amount for the child tax credit. wait a minute, does that mean people could actually owe money?

lauren: it could. i think people who are receiving the child tax credit and need a refund and that refund averages $2800, i think the point of the story is that the letters that they're sending out, the irs, to many families have the wrong information on them. so it delays that expected refund. so you get a letter, if you got the child tax credit, the letter is called 6419. keep it for when you file your taxes, because it could have the wrong information on it, up to $360 person child -- $3600 per child. half paid in monthly installments, the rest are when you file your return are. stuart: thanks for sort that out. the director of national intelligence criticizing the way agencies classify information. what's the problem? lauren: it's just too much data that's being kept secret. avril haines is the dni, and she says we have the cyber attacks, surveillance and all the secrecy erodes public trust in government, and she's calling it

the overclassification of government secrets that actually underminus national security by blocking -- undermines national security. her comments were very plain and strong language, and that's why a lot of people are saying, wow, maybe it is too difficult to get the information that we need whether it's interagency or just for the general public. what are you doing with my data, you know? stuart: okay. i got it, i think. president biden will head to new york city next week. he'll meet with the mayor, eric adams, to talk about rampant crime in the city. i bet he talks about guns and blames guns. new york congresswoman nicole malliotakis will join us shortly. what does she want to hear from the president? mortgage rates, 3.5% on a 30-year fixed. is that bad news for first-time home buyers? mitch roschelle will deal with that next. ♪ welcome to my house. ♪ baby, take control now. ♪ we can't even slow down. ♪ we don't have to go out.

♪ welcome to my house. ♪ play that music too loud. ♪ show me what you do now. ♪ we don't have to go out ♪♪

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stuart: all right. i've still got a bunch of red ink on the left-hand side of the screen. the dow is down 180, nasdaq down

35, s&p down 10. s&p, by the way,ing is officially in correction territory. that means it's down 10%. now, lauren's back looking at some movers, and you've got to start with, oh, visa. lauren: it's a huge winner. rose 24%, they credit that in part to international travel and people swiping the plastic in order to go places. stuart: i didn't know you could travel internationally. lauren: neither did i, that's why i'm pointing it out. stuart: how about airlines? if there's a lot of foreign travel, are the airlines -- no, all down. lauren: the storm is the problem today. the number of cannes rations is at nearly -- cancellations is at nearly 1700, tomorrow nearly 2100. going to get a lot of snow, this is going to be another headache for the airlines. stuart: so this is weather, these cancellations largely because of weather. we've passed the staff shortage stage, right? lauren: i'm sure there's a little bit of that that's still

affecting things. it's still january, right, omicron is still with us. now it's the double whammy, weather and omicron. stuart: thanks, lauren. the 30-year fixed rate mortgage, the average, is around 3.5%. let's bring in mitch roschelle. that mortgage rate has been rising recently. is that bad news especially for first-time buyersesome. >> it's a little bit of bad news for first-time home buyers, stuart, but i think the bigger issue for them is inflation. if you think about the budget for a family that's buying a home, it's not just mortgage rates with a mortgage payment. there's also, you know, putting food on the table, putting gasoline in the car, other items that they need for the house like furniture is -- and appliances. all of those are up dramatically. and i think when families who are responsible start budgeting, i think it's the entire basket of things that are outflows for the family that are starting to weigh on their decision about buying. the good news for the

home-buying industry is rents are going up quicker. so i think if it's a rent versus buy decision, i think a lot of buyers fall on the side of buying, none the let's. stuart: it looks to me like you are now in florida. you're in shirt sleeves, i can see what look like palm trees and greenery in the background, so i'm assuming you're still there in florida. is florida still getting this wave of people coming down? and if so, what's that doing to real estate prices? >> real estate prices are still out of control in terms of the low, low supply. it's actually, i was talking to some realtors yesterday as i always do, and their problem is they can't even get listings because there's nothing, you know, there's no sellers right now. people who are here want to stay. there are some people who were here who want to upsize or downsize, and that's the only thing that adds to the market. and new construction does exist down here, but, you know, there's a long, long lead time

in terms of delivery because of the supply chain challenges. the market here is still booming, and senator scott nailedded it. it's sort of a one-way street of people from the northeast driving down here and people are from california, believe it or not, coming to florida. stuart: yeah, they're driving down, this is the season, the snowbirds are on their way, but this year are a lot of them going to stay where they are and not go back? are you seeing a lot of that? >> yeah. and i'm seeing a lot of renters, people who really aren't ready to make the decision to buy because they want to figure out if it's for them. what you have is you have people in their early 60s who are still working who can now work remotely that are saying let me me see if i like the lifestyle before i make the decision to buy. some of them are waiting thinking somehow the market's going to turn around and the houses will get more cheap. the problem is that the rents are astronomical. stuart: that's what i was going to ask you. do you see a big selloff in asset class, stocks, a huge runup in that asset class, real

estate. the it possible you'll see prices in real estate come down just in tandem with what's going on in stocks? >> that tends to happen because there's a wealth effect for people who are making the decision to buy, that they feel like their personal balance sheet just shrunk. they're a little reluctant to take the plunge into a big asset like real estate. but the fact of the matter is that impacts, going back to where we started the segment, the first-time home buyers more than it does the, i would say, settled folks who are older who have a nest egg and are making maybe their last home purchase decision in their life. stuart: yeah. i know where they're coming from. [laughter] mitch roschelle, thank you very much, indeed. >> you bet, stuart. stuart: cryptos, we don't spend much time these days looking at them. bitcoin at $36,000, not much change there. but crypto millionaires, i believe some are using their new wealth to buy homes. i can see problems with that, lauren. lauren: this story is twofold.

a lot of these guys like the cofounder of coinbase who bought a mansion in cash, that they're rich because of their involvement in the crypto space. so you have a lot of newly rich, and then the second part of the story is these realtors are look at the luxury market, and a lot of rich people are trying to buy mansions and estates in crypto. so they're training their agents to learn how to accept it, to find out ways to vet. i mean, one realtor was telling the story this regular looking guy came n never heard of him, and then he made an offer, and she was so busy looking up all the information, and this guy had, like, $600 million because of crypto gains. how do you validate that? how do you vouch for that, if you will? this money, it's flooding the real estate market at the high end. stuart: but at the same time, if you're selling the house, why on earth would you take bitcoin as payment when you have no clue what its value is going to be

the -- two weeks down the road? lauren: because it's trendy. [laughter] stuart: i like the guy with 600 million, nobody knows him. march lauren yeah. is this real? stuart: demand for alcohol has been -- i'm sorry, it's not for you -- has been so high during the pandemic -- [laughter] it's running low on some liquor. we've got that story -- lauren: [inaudible] stuart: a powerful winter storm is expected to bring blizzard conditions to the northeast. some areas could get, what, 2 feet of snow? we'll bring you the forecast from fox weather after this. ♪ ♪ take me home tonight, i don't want to let you go til you see the light. ♪ take me home tonight, listen honey, just like ronnie said -- ♪ be my little baby ♪♪

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♪ stuart: yeah, winter storm alert, all right. blizzard warnings issued from virginia all the way up to maine. fox weather meteorologist ian oliver is here with me now. here's what i want from you, ian, i want a forecast for the d.c., new york city, boston corridor. what are we getting? >> it's not great compared to yesterday. the trends through the overnight hours back to the west, and with that, snow totals getting bumped up as we move through the overnight hours tonight right into saturday. and with that, blizzard warnings have been expanded up and down the east coast. we're talking about the northeast if, the mid-atlantic. the national weather service office in boston, this was actually the first blizzard warning issues in -- issued in almost four years. this is a big storm. blizzard warnings extending all the way down through jersey, down to the southern tip of the peninsula. stuart: would you like to take a shot at forecasting for new york city? >> 6-12 inches, but with these

latest trends, probably more so on the high side of that range. stuart: boston, cape cod. >> there you go. this will be the worst in the blizzard warning, we're talking about 1-2 feet, perhaps some areas 2-3 feet of snow, wind gusts up to 70 miles an hour. close to hurricane force winds, and with that coastal flooding is a concern, wind damage, of course, is a concern. that's going to lead to big power outages. in the areas you were just mentioning, you see that peach shading? peach is not a good color in this particular example. [laughter] we're talking about 2-3 feet. maybe some areas could even squeeze out just a little bit more than that. this is a bigtime nor'easter, one that we haven't seen like this magnitude in several years. stuart: bigtime wind as well? >> yes. again, perhaps in excess of 70 miles per hour. that's right up around category one hurricane force winds. that's going to create big problems along the coastline, in those areas. stuart: well, we asked you for the forecast.

>> not necessarily a good one, but a forecast, nonetheless. stuart: we'll take it. we appreciate it, young man. by the way, make sure to watch fox weather for updates. download the app today, it's free and it's easy. i did it, so it's obviously easy. [laughter] all right. next case, united airlines, well, they've come up with a solution to solve the pilot shortage. what's that? lauren: a flight school in arizona. it is the flight academy ever owned by an airline. they're yes cuting students, no -- recruiting students, no experience needed. they want 5,000 pilots, but half of them minorities and women. stuart: fair enough, all right. lauren: they're going to -- i bring up women, because there's not a lot of female pilots. stuart: all right. as we said earlier, lauren, this story is for you. let me read the introduction here. the world's largest spirits maker running low on some of its productings. which products are running short of, and how long does it take to restock? lauren: okay, it's don julio

tequila la and crown royal whiskey. not only do you have the typical supply chain issue, you also have the fact that you have to age. stuart: yeah, that's right. lauren: so it takes years at times just to get them to the. >> shelves, so there's a couple problems. stuart: you're going to set up a run for that kind of liquor. if you can find it, you'll buy it. lauren: there hasn't been a run on johnnie walker, and that's what i don't understand. now they're beefing up ad spending because they have plenty of johnny if walker to get people to buy that. i know i'm missing something here, but i'm not strong in all my liquor categories. sorry, i'm a wine drinker. but i don't know why people aren't drinking johnnie walker. do you? stuart: neither do i. weather man? if. >> i'm a tequila guy, myself. stuart: stay out of the liquor. [laughter] red ink pretty much across the

board. yes, it's there. down 260 on the dow, nasdaq's down 34, s&p is down 19 points. now, a veteran-owned bar in d.c. is losing its liquor license for defying their vaccine mandate. however, locals are helping the bar fight back. we've got the story in our next hour. illegal migrants being secretly flown across the country. texas governor ab bolt says he'g absolutely no help from the white house. watch this. maria: have you heard from president biden on this border? >> no, never. maria: never? if that's incredible. stuart: yes, it sure is incredible. chris ca berra is our border guy, and he's coming on the show next. ♪ i need you and your love too. ♪ come on and rescue me. ♪ come on, baby, and rescue me. ♪ come on, baby, and rescue me. ♪ 'cuz i need you by my side. ♪ can't you see that i'm lonely?

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call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217 as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable nationwide network. with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities.™ stuart: republicans accuse the department of homeland security of prioritizing climate change over illegal immigration. hillary vaughn at the white house. tell us the story, hillary. >> reporter: stuart, this outrage is over a new can dhs

program that is focusing on the climate crisis, not the border crisis. the climate change professionals program that was announced earlier this month is to train the next generation of climate experts. it's a two-year program to help dhs adapt to climate change. republicans say it's tone deaf and a distraction to what dhs should be doing. 40 house republicans writing to secretary mayorkas, quote: we are deeply concerned that this initiative is a misuse of taxpayer dollars, a paltry attempt to distract the american people from your failure to secure the border. this as the biden administration fails to keep illegal border crossers out and instead is releasing them into communities across america. texas governor greg abbott on "mornings with maria" today says the state of texas is spending more than the federal government is right now on securing the border. >> texas is a state.

we're deploying more resources to the border than the united states of america as a country. texas taxpayers alone in in the next two years, we're spending $3 billion to secure the border. i think that's far more than what the federal government is spending here in texas or here in the united states. >> reporter: and, stuart the, astonishingly from that interview, you did hear the governor tell maria bartiromo that he has not heard from the president once and, of course, we know that president biden himself has never physically been to the actual border. stuart. stuart: hillary, i don't think he wants to go. hillary vaughn at the white house, thank you very much. we've been showing you for some time, a couple of days now, this leaked body cam video showing migrants being transported on secret charter flights in the dead of night from the southern border to various airports like this one, the one you're seeing in westchester, new york. texas governor greg abbott blames the president for the lawlessness. watch this.

>> there's lawlessness in the united states of america right now, and it starts at the top position in the country, and it needs to stop. and biden needs to be held accountable for the lawlessness he himself has caused. maria: have you heard from president biden on this border? if. >> no, never. maria: never? that's incredible. stuart: like i said, i don't think he wants to go. chris cab with era is with us, spokesman for the national border council. these secret flights, chris, are breaking the law. they're illegal. why is nothing being done about it? >> you know, it's plain and simple that the administration doesn't care. the secretary of dhs is powerless to do his job and to secure this border, and they just, they don't care. they're just not concerned about what's going on down here. i guess they figure it doesn't affect them, so it doesn't really matter. stuart: look, personally, i don't think they want to control the border. i think they want an open worde. i think they made a grave

miscalculation by assuming that bringing in all of these people, and they'll vote for you. that's -- i think they don't want to close the border. what say you? >> yeah, i agree with you 100%. you know, i think the one thing that they're missing here is the hardship that these people that are making this journey because of the promise of getting in and being able to stay in the country, so they're taking tremendous risk to come in, and some of them don't make it. and, you know, some of them, you know, with long lasting mental trauma. stuart: vice president kamala harris, she met with the president of honduras. and according to the readout of the meeting which we get, vice president -- i'm quoting now, vice president harris emphasized that combating corruption and impunity remains at the center of our commitment to address the root causes of migration. what's your response to that, chris? >> you know, the root cause is our policies in the united states.

you have hundreds of countries that are coming in daily into the united states. and one thing they all have in common is the lax policies of the federal government. so that's the root cause. the root cause is up there in washington, d.c., right there at 1600 pennsylvania avenue. that's the root cause of the immigration crisis that we have right now. stuart: now, secretary mayorkas attended a meeting with the border patrol agents, i think it was last week or maybe earlier this week. i don't know whether you were at that meeting, chris, but i'm told it went very badly. it was a disaster. they virtually threw him out. can you tell me more about that meeting? >> you know, i read about it. i wasn't there, unfortunately. and surprisingly enough or not surprisingly, he doesn't come down here where it's the busiest. but the agents are tired of this double speak. he'll say one thing in public and another thing behind closed doors with us. and, quite frankly, we're just tired of it, you know?

either do your job or step aside and let somebody in who will do the job. stuart: do you see this going on for another three years? >> unfortunately, i do, you know? thankfully here in the state of texas we have governor abbott. he's, the state of texas is stepping in and doing what the federal government won't do which is -- stuart: if this goes on for another three years on top of the year we've already had, you'll have 8 million people extra in this country in the first term of president biden. i think that's totally unacceptable. what say you? last word to you. >> you know, i think that 8 million is going to be a low number if we keep up with this pace because it's just going to continue to climb and climb and climb as more people get word. more people are going to come. stuart: chris cabrera, we appreciate it. see you again soon. >> thanks for having me. stuart: yes, sir, thanks. still ahead -- check the markets, please. the dow is down 80. nasdaq is now up9 2 -- 99 2, and

the s&p is up 11 points -- 92. so there's a bifurcated market at the moment. still ahead, new york congresswoman nicole malliotakis and steve hilton. look at this. this is in the new york post. peter schweizer reveals how, quote, deals with china elites gave the biden's $31 million. schweitzer links all of them to chinese intelligence. it's time the elites stop protecting the president. the suppression of this story really should end because the stakes are just too high. that's my take, and it's next. ♪ -- ain't got your love anymore. ♪ rumor has it, the rumor has it, the rumor has it. ♪ the rumor has it, the rumor has it ♪♪ ♪ ♪

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>> the biden administration are influenced by dirty deals with hunter biden. this is a conflict of interest. shame on the media. shame on big tech. people went about art without full information. >> putin has bought it's time. we are waking up to what the president called an imminent invasion. >> california likely to pass the bill. a child is young as 12 can get the covid vaccination not only

without parental consent but the child has to consent. consent and control from parents to the bureaucrats. this thinking has been permeating for a decade. we've got to say enough is enough. >> reagan's first term. i don't think it will get better anytime soon. >> the roaring 20s. inflation a pressure will come down. the wages go higher. a good combination. ♪♪ stuart: this is the weekend. that is a single guy. we missed him. the weekend. music provided by the weekend. it is 11:00. it is friday january 26th. straight to the market. no sense of direction. the nasdaq is recovering nicely.

it is down 17% from its all-time high in november. modest come back this morning. i want to show energy price inflation. this is what you're looking at. the price of oil going to $87 a barrel. it was 88 earlier. natural gas on the upside again to the tune of 10%. now this. does china have something on president biden? it has been a question since hunter's his business dealings were exposed. he used his father to gain look at influence in china and ukraine. the media wouldn't touch the story. they actively suppressed it. mustering step -- nothing less than in the way of defeating donald from. break the reporting by peter schweitzer who revealed hillary's lust fund in his book titled clinton cash:the untold story of how and why foreign governments and businesses

helps make bill and hillary rich. now it is the bidens. look at this. in the new york post, schweitzer reveals how deals with china elites gave the bidens $31 million. five chinese businessmen helped set up these deals, schweitzer links them to chinese intelligence which is a detailed expose. this should be investigated by congress. during the first year of his presidency china has for the cross hong kong, threatens taiwan, friendly big athletes if they make political statement not to mention north korea, china's client state and the likely start of covid in a chinese germ warfare lab in wuhan. we've not seen a strong response from president biden. imagine if a republican were under this suspicion. the impeachment sheen would have revved up a long time ago.

the elites should stop protecting this president. suppression of this president should end because the stakes are too high. third hour of varney just getting started. all right. the children on the right-hand side is steve hilton. does china have something on president biden? >> yes. we have been laying that out on my chauffeur years. before the election, the moment biden stepped into the kremlin we called him joe china. others said you should be china joe. it is clear he has been up to his neck, part of the family business dealing that has been going on for years and detailed preeminently by peter schweitzer and updated. it can't be a coincidence the same time you have a president whose family benefits to such

an extent from personal relationships with the leadership of the chinese regime you have the by that ministration going soft on china in so many ways. that is what is dangerous because all the authoritarians like xi jinping are incentivized by weakness. peter schweitzer makes clear in his many appearances that this is a strategy, not a coincidental thing but a deliberate strategy by the chinese leadership because they know this type of family corruption goes on in their country and this is her modus operandi, how they gain influence around the world. add to that that the elites, why do they go soft on biden? they are all up to their next in these relationships with china and they know that. that is why you have this ridiculous response on china adding to the list of crimes

you listed. the fentanyl that is killing hundreds of thousands of americans, a reason for the tough sanctions we hear for ukraine but they don't do anything on china because we are so enmeshed with china and have been for decades. stuart: dreadful situation. i have another of those crazy outrageous california stories. an elderly asian man brutally attacked in broad daylight in 2019 is suing the san francisco da who mishandled his case. role tape please. >> the attack was the most brutal, terrifying and humiliating experience of my life. the san francisco district attorney's office allowed the adult male attacker to plead to a misdemeanor. stuart: extraordinary.

there has been a 567% surge in anti-asian hate crimes in san francisco alone. this is all about soft on crime revolutionary das in san francisco. it is outrageous. >> it is outrageous and even more disgusting when you think about the same people like this da and his comrades on the far left, they are the ones jumping up and down about anti-asian hate using hashtags and going on how they are going to fight back against it but when there's an opportunity to fight back against actual crime they go soft because it is their philosophy. their philosophy is to be soft on girls. they see the criminals as the victims. that is why you see this explosion in violent crime in san francisco and los angeles. george gascon in la. they are facing recall efforts

was the one in san francisco, that is happening. they have enough signatures. it is on the ballot. it is happening in june and the people in san francisco have a chance to get rid of the menace to public safety. stuart: recall in june. thanks for pointing it out. we of course will be watching you at 9:00 pm eastern on fox news. thanks for being here, see you again soon. back to the markets was no sense of direction. dow is down, and as a couple hundred and the nasdaq down 13 points. we have jonathan honing on friday morning. what do you make of this market chaos? panic? >> reporter: it is pretty amazing and reminds me of the saying when elephants dance mice get travels.

you've seen the elephant dancing, major moves on the dow, the nasdaq and the s&p. there is a direction. all those mega stocks down 10% and 652 week lows, as they say once barrow does not make a spring. the nasdaq is up today. the big picture for risk is down. there is some fear coming to the market. the aaii number, more bearish, that is bullish but we haven't seen major capitulation that is a big bottom is in. stuart: it is a big blowout a huge decline and all the markets and then you figure out you hit bottom. >> people have margin calls, jumping out the window.

in 2008 in pakistan the market got so bad people attacked the stock exchange. we haven't seen it. in america. stuart: i hope we never do. let's not get crazy. apple seemed like it was blowout earnings from a spectacular brilliant company. you with that? >> great earnings but as investors we don't trade earnings, apple having a major bounce back but severely off the all-time high, big mega cap stocks down 10% year-to-date but stocks and markets are forward-looking so we are keeping an eye on the nasdaq, let the market up, remains to be seen if the are down. stuart: i believe it at that. you say the trend is down and that is understandable language. thanks a lot, see you again soon.

so stasort ssoith soso te en the ipsaarti surg gicale cualomcuer co envy heavy equipmenuithenui cerar is ar i mm haederwbi gbitietm kg g g g >> he>>turnedd. i1196, k, ak,$38.8. 's the sto. downdo0% since s tn.n. hien eni engs camem all dirons, declining crypto currency and disappointing forecasts. a bad report and solace in the reaction. stuart: cruise lines back in the news. lauren: they canceled more cruises out of hong kong next month. hong kong cut their number of

days you need to quarantine to 14 but businesses are saying that still too many days. stuart: if i were to fly to hong kong i have to quarantine in a government run hotel for 14 days. thank you very much. popular dc bar owned by a veteran has its liquor license suspended and refused to enforce the vaccine mandate but we have the story. help is on the way. migrants don't need ids to board planes. all they need our arrest towards. carlos woman malliotakis calls this a national security risk. a musician teaming up with jack dorsey to fund the fund the police groups was one of them whats to abolish prisons entirely and they have their money in it. the outrageous report is next.

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all on the most reliable nationwide network. with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities.™ stuart: as a crime police bike across the country, jack dorsey teaming up to fund defend the police groups was madison allworth, who are these groups? >> they teamed up the foundations to provide millions to these groups. rihanna's foundation is committing $15 million to the foundations that are listed in

collaboration but a handful of groups receiving those grants have controversial and radical views including the fund the police and abolishing prisons was one of them is called black vision. they advocate for minneapolis without policing. another is the movement for black lives, the list 70 man from their website, the majority focusing on defunding the police demanding a end to all jails, prisons, immigration and youth detention. here is one example of the groups getting money. and the in collective petition to close mount rushmore calling it an international symbol of white supremacy. this announcement is coming when crime is skyrocketing in many american cities and many pointing to the defund movement for releasing criminals back onto the streets.

police are frustrated outside powers are interfering with local safety and undermining the push to keep local citizens safe. >> it won't be jack dorsey who is robbed or pushed in front of a subway train. it's not going to be him who is the victim of big-time murder. it is every day people, the communities they purport to be helping are suffering the most. >> not everyone can have private security. this announcement was of made. we don't know when or to the funds will be used. stuart: thank you very much. moments ago the widow of a slain nypd officer spoke out at his funeral. a powerful message about crime in the city. >> we are not safe anymore, not even members of the service. i know you are tired of these

laws. especially the ones from the new da. i hope he is watching you. [applause] >> i'm sure all of our families tired too. but i promise. we promise. your deaths won't be in vain. i love you to the end of time. stuart: powerful indeed. congresswoman nicole malliotakis joined me now. next week president biden travels to new york city, meet with mayor eric adams to discuss the rise in gun violence. it seems like the president is going to blame guns for this violent crime. i don't think that's right. what do you think? >> something needs to be done

about illegal gun trafficking. one of the first things is they could fix the bail law in albany. according to my sources, 9 out of 10 people caring an illegal firearm are released into the street. 50% of those who shoot someone are being released into the street but the governor doesn't want to address that and i hope she hears the pleas of the nypd who say they can't do their jobs unless they have their tools. people being released to the streets before the cops shift is over. that is outrageous. it seems they only want to talk about guns. they don't want to talk about the person being pushed in front of the subway or robbed or assaulted or burglarized. these are all crimes. we have to protect all victims of crime but time and again they go after those who are committing -- not committing the crime but the victims of

crimes instead of the perpetrators of crimes. anyone the president is speaking in pennsylvania, the two top democrats will not be in attendance, they don't want the photo op with the president. when mister biden comes to new york city next week do you think aoc will be in attendance or senator schumer? are top democrats going to want to be seen with president biden in crime-ridden new york? >> i will be in washington for votes but the truth is this president has been a disaster. everything from the lack of border security to destroying our economy, taking away energy independence, failed foreign policy that has led to complete debacle in 13 different soldiers in afghanistan, possibly invasion into ukraine because he showed weakness.

everything across the board has been a failure by this administration. we worked hard to stop the build back but a disaster, attempts to pack the court and other things. i don't see how anyone would want to stand with this president of the united states who has made the quality of life so unaffordable in our country including not addressing the supply chain and labor shortage. stuart: i know you introduced the crime doesn't fly bill. it would ban tsa agents from allowing migrants to use arrest warrants to get on planes. you know it is not going to pass. nothing ever gets done, does it? >> one year from today we will pass that bill when we take back the house. the 9/11 commission 20 years ago warned us we need to scrutinize individuals.

more, not less. you have those who are in the country illegally showing an arrest warrant or deportation warrant to board a plane instead of id. when you have terrorists crossing the border, stopping al qaeda operatives from moving toward the united states. we are being want trying to wasn't as well we could be (attack and they are doing this. we will get it done next year. common sense. we have to get it done. stuart: appreciate it always. some fans attending the buffalo bills game were caught using fake vaccine cars. they face charges. >>, position of the forced instrument, maximum jail time of 7 years. they were discovered on social media where they bragged about

using fake passports but this is a violation of federal and state law and the first time new york will be prosecuting it. stuart: every year millions of people call out sick for work the monday after the super bowl was a teenager thinks he can solve the problem. the new jersey owner who fought reopen business during the 2020 shutdown. >> i would like to know when we do get up and running you can never replace the revenue we lost during this time. what would be your suggestion? this is a slow and steady crawl up a huge mountain. stuart: that was jessica walker who will join me next with an update on the state of her business. we will be back.

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stuart: when i saw her standing

there, classic line. one of my favorites. that miami. it is 60 degrees at the moment. they are wearing parkas. if you are used to 85:68 feels cool. if you like the music we play on the show we post weekly playlists of all the songs you will hear on the show. check those markets, nice rally going on. 200 points dow jones 80. let's have a look at those -- the apple blowout report. you spoke to tim cook after the earnings report. what did he tell you? susan: the start of 2022. this is after record-breaking quarter, the highest for apple's 45 year history. third-biggest sales quarter by any company ever.

tim cook told me this momentum continues. solid year-over-year revenue growth, march quarter revenue record and expert supply constraints to be less than they were in the december quarter. $203 billion in cash more than the value of most s&p companies. 7 analysts raising prices. morgan stanley calling 210. they are dropping a cell call on apple. really records across all geographies. except japan. records across all product categories ipad expected by the chip shortage. the number was staggering to me. 785 million subscribers. to services that make 43% profit margin. stuart: that a lot of money. how about tesla? susan: recovering. coming back from the 11%

selloff after earnings which was the worst since november. wall street is concerned about growth, no new car models. the target price, 1087. kathy woods, her arc innovation fund is down 43%. one for top holdings is tesla stock. stuart: why are you holding two of your three phones? susan: because one is for work. what is personal. what is international. the main reason apple -- stuart: you are an apple girl. thank you, see you later. one popular veteran owned bar in washington dc is losing its liquor license because they wouldn't enforce the

vaccination mandate but they are getting help. susan: go find the page raised 16,$000. the name resonates and it is veteran owned. they are not following the dc law. customers must show their photo id and their vaccine passports. they are not requiring their staff to wear masks. they got two warnings and a fine and another fine that was hired warning number 5 a suspension. stuart: when do they get it back? there is no guarantee they will get it back. lauren: another bit headache for businesses during the pandemic. stuart: same old story, got when here. our next guest owns jaywalker salon. she was on our show in may of 2020 at the start of the pandemic. es governor phil murphy can i please reopen my salon? jessica walker is back and with us now.

did he allow you to reopen when he asked for it? >> it took another month or so after i put that first request in. we've been going ever since. it is a grind i have four locations trying to maintain staff, keep everybody's motivation up. we have an amazing community which i'm grateful for. getting supplies. the cost of supplies. everything has increased. i do my best to keep prices where i need them to be. it is difficult right now. stuart: i live in new jersey. i don't think new jersey is business friendly. do you? >> i think new jersey needs leadership and guidance when it comes to small business. we are at the short end of the stick.

there needs to be some adjustments made when it comes to leadership and guidance here in our state. anyone how about taxes? that is my pet peeve. let's not do that. i want to backtrack. you say you're handling higher prices for all the stuff that comes your way. what about dealing with quarantines. omicron is racing through. they have to stay in quarantine. i'm sure that's affecting your staff. how are you dealing with it? >> staff want to work. i understand the policy. it is unclear as to the time. there is not real leadership how people stay out of work and when they are out of work there is no pay for that. no income because this is a service-based business. the rent and landlords have to get paid. it's very difficult. stuart: you are in business,

you may be having a hard time but you are not closing. >> i don't plan on closing. i'm working diligently 7 days a week to market, advertise in the face of the customers. taking care of people. elevating the experience. stuart: we love success stories on this program and you are a success. jaywalker salon, there are four of them. thanks very much. how about this? frank's red hot. that's hot sauce. they are launching the first ever edible nft. i will try to explain it. los angeles clearing out homeless camps ahead of the super bowl. local businesses want a permanent solution to the homeless problem. the report from la next. ♪♪ the final countdown

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>> what are we doing? we are doing a teaser for the commercial. we are teasing commercials now. that is the thing? stuart: like a movie -- that was seth rogen and paul rod in a promo for the first super bowl commercial in 17 years relays. ads selling physics million dollars for 30 seconds. that's $1 million more than last year. the ratings will be sauce folks are making inedible nft. i don't understand. how could and nft -- it is not edible. lauren: they are running a

commercial during the super bowl and mfts our buzzy. it is about the blue city. what you do is eat pictures -- you eat pictures. you eat real chicken wings and take pictures of the bone and upload those bones to a website and when a bone coin. you amass the most bone coins because you have the most pictures of chicken wings and then you win a real nft which is a picture you can eat. stuart: sounds like encouragement to eat a lot of chicken wings. with the hot sauce, now i get it. lauren: can you stand a red hot sauce? >> yes. hot food. lauren: i would never participate in a competition. no matter how edible the nft was.

stuart: a teenager starting a petition to move the super bowl to saturday, to stay up late at night. lauren: he has gone 80,000 signatures. i have been saying this for a long time. i'm not a sports fan but sunday doesn't make sense. 17 million people call out sick the next day because they have the super bowl parties. they are having good games, the opportunity, change super bowl sunday to super bowl saturday and not worry about the hangover monday. stuart: it is years since i saw the halftime show because i go to bed so early. lauren: if the super bowl was on a saturday would you make an exception? stuart: it is a sporting cultural event. neil: i watch for the commercial vendor halftime show but i do watch.

stuart: officials in los angeles clearing out homeless incumbents ahead of the super bowl which is 3 weeks away. kelly o'grady, what are you seeing? >> reporter: not much. it feels like groundhog day. san francisco hosted the super bowl in 2016. they deployed similar measures. crews and hazmat suit cleared out the incumbent. when crews do that weeks before they play host to torsten celebrity's many feel the timing of setbacks. the familiar strategy politicians used to sweep away evidence of the housing crisis but the california department of trepidation said safety is a reason. a fire pit had been dug in the people living there tapped into an electrical box and connect the two extension boards

creating risk for a large fire. safety has been an issue super bowl or not. the situation shed light on the temporary nature of the solutions they are using as businesses are struggling with their livelihood because of this. >> it is rough for people to come by because they are scared. >> a lot of dirtiness here. a little cleanup. >> reporter: rather than finding permanent help for those who comprise the most vulnerable population these are quick fixes, transient handouts lose these cancer been here for years and will return once the attention fades. la residents, superficial focus on the crisis will shift even though this is a daily reality. when you add how extensive it is to live and work here is it

surprising we see an exit? stuart: we are not surprised, straight answer to your question. quickly to the markets, the dow up 117 points and i believe the s&p is up 40. a modest midday rally going on. don't go anywhere. friday feedback is next. ♪♪ i told you long ago ♪♪ i got what you are waiting for ♪♪ the path is gilded with the potential for rich returns.

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stuart: elvis again. two of the songs on the show. honolulu, the sun rises over hawaii. it is 80 degrees today. it is snowing in new york city. time for the friday feedback segment. come in lauren and susan. first comes to us from diane, a video. roll the tape. >> diane from nevada. i watch "varney and company" every day. i'm sure our cattle would if

they could. you are all right. stuart: that is a great video. would be cows watch us? i don't want the answer. this comes from joel who says give up on your feeble attempt at a texas accent. i bet you didn't know that y'all is the plural of you all. >> all y'all is the plural of you all. stuart: what do you think of my texas accent? susan: better than your british accent. it is friday. stuart: when i attempt an american accent my family cringes. they hate it. they demand i never do it again. lauren: you do an american accent as your texas accent. stuart: not going to do it now. crystal, you know what gets on my nerves?

the fact that you haven't taken the show on the road to naples. you just have to extend your weekend. it is lazy to the point of disrespect to your adopted home state. are you calling me lazy? lauren: you should go to naples around february 18th. my kids are off from school. it will be a vacation. "the dave ramsey show" you want to do the show from naples. >> we should take the miami beach and i would love to get some cuban food. stuart: naples is the place in florida. curtis writes this. i keep hearing about the meta-verse like that's a desirable goal. haven't we heard about it and it was called the matrix? susan: what you think of avatar and ready player one? it is not a good thing that we are have a sink and home on our couches but there is

inevitability in the meta-verse meaning virtual-reality is the future. stuart: is the matrix a movie of some sort? okay. susan: four of them. stuart: maybe i better watch that to figure out this meta-verse thing. bruce, do you still own blackstone? you use to talk about it with david barnes. i haven't heard it discussed lately. is a good investment? you didn't watch the show yesterday because he was on and we talked about blackstone and i think it is a good investment. what about you? susan: doubling profits, generating a lot of cash. stuart: it has quadrupled.

this comes from susan, when stuart is very happy he does the seated varney shimmy. i watch daily hoping he will do his trademark shimmy but it is rare. i'm not going to do it right now. is that the shimmy? susan: very limber. stuart: i would put my back out if i did that. lauren: karaoke too? we can dance. stuart: i have never done that. never been in a karaoke bar. two years. mike asks i was wondering how you feel when guests call you varney instead of stewart. do they believe your first name is varney? i don't care what you call me as long as you spell it right. lauren: i don't think you like being called stu. stuart: bill hammer started that. many years ago he started

calling me that and every picked up on it. for 30 years of being stuart i became stu. stay there because this is the friday feedback, friday trivia question. when was antarctica discovered? 1704, 1820, 1781, 1855? ven't a clue. the answer after this. my name is douglas. i'm a writer/director and i'm still working. in the kind of work that i do, you are surrounded by people who are all younger than you. i had to get help somewhere along the line

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stuart: all right. there was the question, when was antarctica discovered. you've got four choices. now, i've got to admit, i don't have a clue. i thought it might be captain cook who got down there in the 1700s, but i'm not sure. lauren lauren i didn't want to guess, and i know i'm wrong, 1704, is what i said. stuart: susan, do you have a guess? supersusan i'm going to say late 1800s. stuart: 1820. who's the explorer? [inaudible] discovered the continent in 1820, but it wasn't until 1821 that the first person stepped foot on antarctica, american john davis, and then it took another hundred years to reach the pole.

if i've got a question for lauren and susan. there's a storm coming this weekend, big storm. first to you, lauren, what are you doing? holed up with six kids? three kids, i'm sorry. i'm six. lauren: i'm going shopping after work. stuart: susan, are you going skiing? supersusan ah, stocking up on the fridge just in case. stuart: very interesting. ladies, thanks a lot. jackie in for neil, it's yours. jackie: hey, stuart. happy friday, everyone. welcome to ca view cavuto yoest -- ca view toe coast to coast. a roller coaster of news has sparked wild swings for the u.s. markets but right now looking to end the week in the green. our market experts are here to take you through every twist and turn. also this hour i'm going to speak to the united air pilot who got put on unpaid leave for not getting a covid vaccine. and next hour i'll talk to the new yorker who obtained this body cam video showi