tv Varney Company FOX Business February 1, 2022 9:00am-12:00pm EST
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you a buyer at these levels? >> 100%, gdp growth is going to be great this year earnings are going up an evaluation is reasonable across the board you gotta be boss. maria: steve how about you? >> i'm not a market timer a long term america wins. maria: i love that, great to see you both, thank you for joining us, "varney & company" begins right now. stuart: good morning, everyone, a fascinating situation in britain, prime minister boris johnson is fighting to keep his job. what did he do, he partied hard at his official residence while ordinary folk were locked down. if the rules of for the but not for me he's under criminal investigation he could be out. very different over here, california governor gal under gavin newsom to flout masking
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rules at the rams game sunday he went mask was. in california all schoolchildren must be masked all the time, but the governor's rules for the but not for me, then we have pfizer the vaccine ready later this month children ages six months to five years, how do you feel about that, another question with authority make the covid shut compulsory for kitty gardeners one more covid story, candida is confronting thousands of truckers who oppose the backs mandate he is content to us of them he supported black lives matter but not the truckers who he says use hateful rhetoric and violence towards fellow citizens. let's get to the market fairly quiet after the giant rally yesterday, the dow at 400 points yesterday up about 30 this morning and s&p up five and the nasdaq a stellar 400-point gain yesterday this morning up another 40 points almost back to
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15000 the ten year treasury yield is just up to 1.77% this morning, bitcoin traded around 38000, 388, you really have to watch nat gas today it is not moving very much now but another storm is coming to the midwest and the new england, energy price inflation is beginning to pick up. on the show today dominoes will pay you not to have your pizza delivered jen psaki says fox is an ultimate universe. it is tuesday february the first, 2022, "varney & company" is about to begin. ♪ ♪ ♪. stuart: take me out, the first
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time i've heard that the singer or the song, but but we will take it. we will start with this president biden senator durbin, senator kratz grassley at the white house, they will discuss open supreme court seat, good morning to you lauren, is this the start of the exciting confirmation process? lauren: grassley is a top republican on the committee which will oversee this process to replace justice stephen breyer, the president hopes to meet with candidates as soon as next week and have a nominee by the end of the month. whoever he chooses, that nominee will need to make it to the senate judiciary committee for the full senate vote. you know the shortlist it does include black females some have already been vetted and have bipartisan support is he going to go in that direction or will he nominate somebody else? stuart: this will dominate the legislative session dropped the
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summer i don't think they will do much more that dominate entirely i would imagine so. lauren: i thought they would move pretty quickly and i don't see them giving up much resistance because it doesn't alter the dynamics of the court liberal justice will do liberal justice, how liberal is the question. stuart: they want to do something with bill back better they have other majors they want to put up before congress and in the supreme court nomination that is a crowded schedule indeed, we have one more the drama over who leaked the news about stephen breyer's retirement plan. lauren: it was the chief of staff wrong claim and blindsided justice breyer he wanted to slowly scale down the process and he wanted to make the announcement near the end of the term not at the start of it. he jumped in so he could organize a liberal, i think that is what happened. president biden warned putin that there will be swift and severe consequences if russia
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attacked ukraine, michael watts is with us, the president is making innovation penalty sounded very severe, will that deter putin? >> president obama made sanctions sound really severe back in 2013 and 2014 but it did not stop putin at all it took crimea and then took eastern ukraine, by the way just on the edge and during the olympics, here we now have the beijing olympics starting next week, i don't see any of the stopping putin he has more to gain economically through ukraine industrial capacity and agricultural capacity and increased access to the black sea and he is not afraid of biden. stuart: do you think putin would take the risk of invading. he could get bogged down and the locals get stiff resisted and he would suffer significant.
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>> that is what may deter putin. if we make it clear we will continually delay even after he invades and help a partisan resistance, that could bog putting down militarily and make it costly and make it bad for him domestically. that is the only thing that could make putin think twice but the economic only piece of this after the fact i don't think it's enough to deter him. at the end of the day he's holding all the aces with dependency in europe on his gas. and this week he will announce another deal with china coming from the same oil and gas field called the westin burien pipeline reportedly that is on the verge of signing, as long as he's holding all the cards and biden's failed energy policy is pushing the world towards putin i just think he's going to call biden's boss. stuart: the olympics begin in four days february the fourth they end up every the 20th.
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i would not expect putin to invade ukraine while his close allies she should paying is holding the olympics and they just signed a gas deal. there will be a delay if he doesn't age shortly. >> i think so, i think it could be at the end if he goes past february 20 then he starts to lose time when he gets into spring, the ground thaws and is takes to get bogged down let's not forget he invaded georgia during the 2008 beijing summer olympics. i would not put it past him. stuart: i forgot that, thank you for being with us. we love the other pics and that's why we should be there. stuart: i got it, see you later. let's check the features, plenty of green but nothing like yesterday when we had green all over the place big time let's begin david nicholas who joined us now, is the correction over?
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>> i think it is in the short term last week look like the markets were falling off a cliff a lot of damage underneath the markets but we said by the dip and we bought it two weeks ago and last week and frankly i wish we would about a little boy last week but i think we will see a snapback rally it could be pretty violent and pretty quick. some of the technical levels, the market in the s&p needs to break 100 a city that 45 - 67 if it breaks the hundred day it could trade up to the 50 day which is about 4661, 4700 on sap for us is where we think we might see some selling pressure. between now to 4700 that is a 4% rally for the s&p and we might look to put on hedges at 4700 but i think the market is all clear for now with 4700 on the s&p. stuart: "after the bell" this afternoon alphabet reports.
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>> this comes down to guidance if you remember with microsoft the stock did not rally until management gave outlook the same will happen with google what about total revenue, america's back open for business so is digital marketing it is not going away companies are spending more on digital market and it will only continue to increase that benefit to were different apps cannot change across the platforms, you will see advertising shift over to google. i'm pretty encouraged and hopeful for the stocks today. >> one concern after, if alphabet, facebook and amazon which report tuesday wednesday thursday if they disappoint and they say they're looking to the future and it's not that rosy and we have a covid problem then that could really undermine the whole nasdaq market and your scenario will go up from here, what do you say?
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>> you had to bring that up, that is the one thing that could ruin all of this. how those big names form you are exactly right those names have to come in strong and if they don't put the barricades on the table but were hopeful that will not happen i think will see strong results this week. stuart: i'll be glued to the tv 4:00 o'clock on tuesday, wednesday afternoon. it is always a pleasure. president biden is going to spend a billion dollars in 26 states to deal with leaks, a billion dollars in leaks. $4.7 billion allotted to do this, he is doing it to clean up the environment to answer to progressives. he is a climate guy in the money comes from the bipartisan infrastructure bill the state apply 26 including pennsylvania and texas and they will plug some of those abandoned oil and
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gas wells that leak methane which is bad for the environment. stuart: i'm not would argue with that. lauren: $4.7 billion. stuart: energy price inflation as we've been saying there is another storm coming to the midwest and the northeast this weekend. that could make things worse on energy price front you are starting with gasoline $3.38 up a little overnight it keeps on going oil prices underpinning all of this. lauren: there might be good news you have opec meeting this week and oil is down there is speculation that they will pump more oil but 87 this is near 2014 highs you were just talking about gas it is up a dime in the past month nearly a dollar in the past year it keeps going up as supply gets taken off the market we will see what opec does here, stephen just said a 30% chance of $100 a barrel with the weather gets warmer so by
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spring or summer, you will feel that after you got through the cold winter with the crazy heating bills seeing oil prices go up even more hitting $100 when the weather gets warmer, there is no relief. stuart: if you get to $100 a barrel of oil you will get the $4-gallon gasoline and the politics of that are disastrous. lauren: the previous record was for 11 and we could hit $4.13 in june. stuart: the dow is up 25 and the nasdaq up 50 points, canada prime minister said he can't get behind the french minority of the freedom convoy buddy can support black lives matter, roll the tape. >> i have attended protest and rallies in the past when i agreed with the goals black lives matter is an excellent example, i've also chosen to not go anywhere near protest that
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have expressed hateful rhetoric. stuart: the truckers, hateful rhetoric, ready to vaccinate your six month old, pfizer said is a job for children under five could be available this month what the parents need to know about this former surgeon general jerome adams after this. ♪ ares etfs are built with advanced modeling. to fill portfolio gaps and target specific goals. strengthening client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire
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part of our lives mean goodbye to mask and vaccine mandates? >> that is the key question i'm done with covid psychologically but we have to understand delta and omicron showed us that covid is not done with us. here's the thing that i want people to understand we have a blueprint for other countries europe is proceeding more rapidly towards endemic status that we are worldwide because there were 20% higher adult vaccination rate, 110% higher boost rate the way we get to a place with hospitalization the death is with vaccination and boosting and i think once people wrap their heads around that then we can get to situation where we can safely say were done with covid and judge our risk based on a perception but not the population risk. stuart: forgive me for disagreeing that you know more about it than i do but 62% of americans are fully vaccinated
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as a understand, 62% i don't understand how you get the other 38% vaccinated, i don't see how you're going to do that. >> 62% here, 77% in france and the uk. the boost rate of 26% the united states compared to 54 and 55% in france and the uk. 500,000 people, half a million are getting vaccinated every school day in the united states. doubling people when they say more people are getting vaccinated. we need to engage in into the questions did not shame them that's why i'm on the biden administration, quit shame in the unvaccinated, engage them in into the questions and help them understand how to move forward and people will do it. stuart: argue in favor of vaccinated very young children pfizer may have a job by the end of this month. >> you're talking about the fact that pfizer submitted application to the fda or will soon for approval under five years old. the key thing when you look at n
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rate is only 20 - 30% this is awkward to be a game changer the sabean option for people in psychologically divided a administration of public health officials being able to tell people you can go out there and we can safely reopen its up to you whether you choose to vaccinate yourself or your children. until now we have to take extra measures to protect people were unvaccinated invulnerable moving forward it'll be a where you make a choice yourself and if you get sick or your loved one gets sick that are beyond you. stuart: you cannot make a vaccination of a 6-month-old baby compulsory, you cannot do that. >> i agree with you, i've always said i don't think we should make vaccines compulsory under eua. i love talking to your business audience ottawa to bury the lead but endured a vaccine got fully approved yesterday for 18 and over now workplaces -- will be
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decided can mandate and/or. stuart: i am out of time, but dearness stock is up 4%, thank you for being with us i am sorry it was so short. >> abubakar love talking to your audience. a new report from the washington post white house frustration grow of the health chief handling of the pandemic. what is in the report. he could be the first person fired from the biden cabinet. lauren: this washington post article which is where he very well sourced makes the case 28 sources three senior administration officials, the former california ag with no frontline healthcare experience has no clear role to low-profile and not part of the inner circle that includes dr. fauci and others we have not heard from him so many conflicting messages, he has done nothing to communicate that clearly to the
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public. stuart: dr. fauci and rochelle walensky and murphy report to have year end is nowhere to be seen. lauren: maybe he is the first to go there needs to be a change. stuart: 70 is got to get fired, once again verbally attacking the freedom convoy in canada, go through it. lauren: the french minority says him now is a violent and hateful one. >> i've attended protest and rallies in the past when i agreed with the goals and supported the people expressing their concerns and their issues, black lives matter is an excellent example of that. but i have also chosen to not go anywhere near protest that of expressed hateful rhetoric, violence towards fellow citizens into disrespect not just of science but of the frontline health workers. lauren: to be clear there was
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dirty behavior as part of the massive protest that continues, should he sit down and meet with people who oppose what he's doing there is a continued misalignment between the political party and the people, sit down and meet with them and figure out why they don't like your mandates. by the way he has covid and is isolated in making those remarks from an undisclosed location, he fears for his safety. stuart: you got it. let's check the futures plenty of green, yesterday was a huge rally the opening bell is next. ♪ every year we try
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stuart: put it on your screen nike, peloton, walt disney why did i put those three stocks, that man mike murphy bought them in the latest selloff, go through it, why did you buy nike? >> good morning nike is a name that has a huge global brand that i watched go up over the last 25 years that i've been investing.
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i've owned the stock in the recent pullback gave me an opportunity to go when also sneakers are big part of everyone's daily wardrobe. stuart: peloton has been beaten down, i can't remember the high but it's all the way down to 27 is that why you bought it, it's a bargain. >> i actually bought peloton on the pullback initially, the bases in the high 40s, 48, $49, it went against me in a big way when it came all the way down i had to get it lower because i do believe the recent selloff based on the potential for them shutting down production is overdone i believe peloton has a bright future once again passed the recent pullback. stuart: disney, i see the high that what up to $203 a share, that was late last year. now they are 143 and you bought them, you think they will go to $200? >> disney is another global name
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that is an easy buy on a pullback i voted for a long time but when the stock got over 200 and then sold off, on the back of weak earnings from netflix once we get past covid and people are in the bar their streaming service is going to take more customers away from netflix i believe and they have been able to perform to the past several decades and i believe i will continue for several decades to come, 200 and a lot more for disney. stuart: i do believe we had a correction a sharp selloff in january and late december. is that correction over? i am sure you will say it is because you always go along. >> i'm not going to say guess i believe it is but it may not be, we had a rally in the last two trading days we could see more selling the biggest thing if we see more selling now or when we see more selling in the future it is for your viewers not to panic and sell and not to know what to do with the market rallies. so far batting 1000, whenever
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the market corrects it's got on to new highs. sometimes it does take a longer time. sometimes it takes a short time. the best place for your viewers is to be invested. stuart: we will remember that, you have been right over the past couple of years. we will see you again soon. thank you very much mr. murphy the opening bell ringing. that means trading is about to start, there was an enormous wow yesterday and a good rally on friday last week, your coming off back to back major leagues rallies, what are we going to get this morning we might get what we got now but my close differently in the first 15 seconds worth of business the dow has gone up 17 points i'm in a call that dead flat, the s&p 500, the same story five points higher at 4520 and the nasdaq a better gain .17% at 14000 to 63,
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big tech alphabet as in google report this afternoon we will get into the item of microsoft at a fraction, apple down a fraction small gains for meta and amazon. some companies reported before the bell this morning and the big one was ups. susan you have to explain an 11% rally speaker record quarterly earnings during the shopping. in shipping. for ups as a result ups raising its outlook for this full year and online shopping means company like ups has pricing power where they can raise their prices in order to cover inflation and because they are doing so well they are raising their dividends by 49% and giving the shareholders when you get back to shareholders your stock gets a lift, ups lifting fedex most of the shippers are getting a rally. stuart: susan, i cannot remember company raising its dividend by
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49%, can you? susan: no, exxon mobil, let's talk about the other earnings today. there is a dividend push their, $23 billion in profit last year and that is to oil prices rally into the highest in eight years yet to go back to 2014, as you mentioned investors love cash return and exxon mobil through buybacks they have to protect their dividend by $10 billion stock buyback will start this quarter so companies know the mentality in order to get reward you have to get back to shareholders in dividend or share buyback. >> share buybacks work for me. alphabet as in google report this afternoon "after the bell" what are you looking for obviously google has been investing heavily to catch up with amazon and microsoft, online advertising will be
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interesting. stuart: we appear to have lost the audio feed. susan: did i freeze up there? stuart: just a little bit but you loosened up towards the end, you looking for cloud growth the alphabet. >> crowd growth is fantastic, alphabet only down 7% and up 46% over the past year i would say alphabet is coming up a little bit better. stuart: at&t i believe they are way down, back to $24 is share i followed them that is the same price level they were at in 2018 as i recall. now they will spin off one, now we find out the real value of cnn. stuart: you can go back to 2004 for some of the levels that we seen in the premarket for at&t we haven't made any money in 18
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years, at&t what they are doing is warner media $43 billion deal with discovery. shareholders will get 71% of the new company in the share swap, you are getting a quarter of a warner discovery stock with each at&t share you already own, here's the negative this is important at&t cutting their dividend by 47% that is almost by half in the lower end of the range at&t had guided you know people to buy into at&t you're buying into the dividend yield is six or 7%. stuart: you will not get it to be down to three or 4%. tesla i know they be called 54000 vehicles i don't think that such a big deal, is it? >> it is a big deal when that's all of 60000 that signed up for the full self driving, 54000
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been recalled this is important because it's a safety issue with these cars ignoring stop signs and full self driving, they have been looking into the autonomous modes with some of the tesla crashes, two dozen so the recall covers 2016 to 22 model threes going back to 2017 and the last two years model wise this will only require a software for the rolling stop functionality so you don't need to bring in the cars, tesla we have had extraordinary earnings and guidance with production expected to be up 50% in 2022. stuart: i picked up this morning in new jersey by a tesla car and i cannot get in the door the guy had to come out speak unto. susan: you did not get an suv? you could not figure out the handle? >> you have to press the button.
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you have to tell me about wordle everybody i know is playing wordle in the new york times is going to buy. susan: i have not played it yet i'll be honest but it's very catchy the five letter word game new york times is fighting for the low seven digit, low millions in the new york times says it's free for now but the folder into the nypd business that means you will have to play it by paying a new york times subscription we will see if you actually do that, games is a new thing for new subscribers so you spelling bees and crosswords et cetera. stuart: my daughter tried to get me involved and i said no i might lose. susan: is a word game with 2022 a new generation attracting users i find that very interesting. stuart: tell me about amc up 7% speed to enter. susan: and original means stock really strong strongest quarter
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that they seen in two years thanks to the spider-man homecoming as moviegoers have been going back into theaters. sales are better but also the loss as well to in flash year that is a big deal. stuart: amc at $70 a share we will talk to you later in the show. the dow winners headed by visa. that's a very actively traded stock. moving up recently. american express is on the list as well. s&p 500 winners, ups, no surprise. a 12% gain as we speak. the nasdaq the top is alumina, see access, et cetera et cetera i don't know any of the big names except for alphabet at the bottom of the screen on the winners list for the nasdaq let's get back to politics and covid, california governor newsom claims he only took his mask off to take this picture
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with magic johnson, roll tape. >> i was trying to be grace's and i took the mask off. but i encourage people to continue to wear them. stuart: took it off for a brief second but the photos from the fan cam approve otherwise. one major change will pay you not to get your pizza delivered, we have details. the white house warns this jobs report could be about one, roll that. >> the jobs report may show jobs losses because workers were out sick from omicron at the point when it was speaking. stuart: interesting job losses because of omicron, what does larry kudlow make of that. i will ask him because he is next. ♪
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♪ ♪. stuart: in florida, it's only 5s tuesday morning, how about that. by the way tom brady i believe he lives in florida and he just announced his retirement on twitter, we thought we would get that out there real fast. the january jobs report coming out friday in the white house is trying to get out ahead of what may be a week report. roll tape. >> omicron was so highly transmissible nearly 9 million people called out sick in january when the jobs data was being collected to the same period of time the week the survey was taken we want to prepare people to understand how the data is taken what they are looking at and what's an assessment of and as a result
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the month job report may show job losses because workers were out sick from omicron at the point when it was peeking during the period where the data was taken. stuart: , then larry kudlow let's see what he makes of this. a very weak jobs report because of omicron, what do you make of that? >> i think there is some truth to it. the peak was in the middle of the month and that's when the survey is being taken. i think the way that works technically if you're an hourly worker and you're off and you did not collect a paycheck then you'll be out of the labor force for january. if you are a salaried worker, it will not affect you because you will keep on getting paid. so there's that some of this is self-inflicted wound because all of the omicron mandates and the vaccination mandates which force people, if you tested positive
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even though asymptomatic it forces them off the job. a lot of people left the job because he didn't want to get vaccinated. the matter had natural immunity. stuart: can you say the vax mandate and omicron surge have combined to slow the economy? >> i would say that. i think there is something more fundamental but i would say that. i think the omicron and the vaccination problem in the people leaving work problem is going to simmer down i don't think it will be repeated in february, march and april and day. there's probably a bigger factor and that is the 7% inflation rate that is cut badly into real worker incomes which you been going down for months and months we saw this on the gdp report and the personal income report, they may dip in the savings but
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savings are as flush as they used to be. atlanta fed gdp is looking for 0.1% growth in the first quarter. in the fourth quarter it looks like a stronger number because it was 6% but actually five percentage points was an inventory bill. you have slow consumer spending, high inflation, declining real wages, real disposable income after tax and inflation income as been falling for several months. inflation is the biggest scare and the fed hasn't taken away the punch bowl, that is, not yet but you're gonna see a lousy economy in 2023 and 24 because of that. stuart: your show is doing remarkably well at 4:00 o'clock eastern time in the afternoon, you know that.
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>> i appreciate it is a great wonderful blessing we have a great team and i'm grateful for the people who are watching and it has been, the whole fox thing has been a new lease on life i love the show and i love our team. save america, kill the bill. stuart: i just wanted to congratulate you, the show is doing extremely well you are challenging me i don't like that. but i'll give you good promo, i'll get you up there, don't worry. 4:00 o'clock larry kudlow on this network. starbucks on your screen right now down a fraction but is the push to unionize. >> 54 locations in 19 states that a 15000 locations filed for
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union reductions, that is step one. in the unionization process. there is a power in worker, but is there a power in union is a question we have not seen during the pandemic and overall boost in union membership i think that is a big deal and we have seen waves that companies can circumvent i pointed to amazon, entry cashier list store, as workers demand more and become a headache for companies companies are going to figure out ways to get rid of them. lauren: robots and cashier list store, it is tricky. stuart: let's get to the story about domino's pizza paying customers not to get delivery. lauren: that the tip in a form of your credit if you pick up your own pizza, just in time for the super bowl which makes sense, domino's is keeping the 3-dollar through may that is a
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sign that they do not expect the labor shortage to ease. stuart: that is why they're doing it labor shortage. >> exactly in there also dealing with inflation what they did for the chicken wings instead of getting ten now you get eight for the same price and more deals if you place your order online so you don't bother a worker by calling them that means they need a worker to include a phone. look at domino's pizza $458 a share, doesn't anybody split the stock these days, apparently not let's talk about the spice company which called republicans racist there now holding a big sale because they lost 40000 customers. it is eyes a glorified travel at a agency for illegal minors, here hillary vaughn has a story from capitol hill. hillary is next. ♪
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during the spring. hillary vaughn on capitol hill the white house allocated $52 billion to dhs how is that money being used. >> billions will be paid for housing, transportation to medical services for people coming across the u.s. border illegally, dhs allocated in 2221.8 billion for detention beds, 385 million for transportation for these illegal immigrants including air charter and commercial flights and ground transportation and additional 163 million for medical services for immigrants in cdp custody, the cost of this is only going to go up unless the bike administration can find a way to bring down the record numbers of people crossing into the u.s. border illegally from all over the world. 2003 has tripled from 8.32021 billion now republicans in congress want to know where
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the money is going said it or rick scott with 100 other gop lawmakers asking the dhs inspector general to launch an investigation into the money and the policies of the biden administration and senator scott saying this your tax dollars are being used to charter private flights in the middle of the night to take illegal aliens from the southern border to neighborhoods all across our nation it is a disgusting miss use of taxpayer money and it must in did now, they are trying to figure out why people are leaving their home country in coming here to the u.s. illegally by vice president kamala harris 11 months ago they were put in charge of figuring out the root cause of why but it doesn't seemed like they figured out yet. stuart: not yet, thank you very much indeed, to the markets we are losing some of the rally after we lost all of it in the
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nasdaq, down 80 points the dow industrial open mirror four-point to the stage still ahead nigel farage, brian kilmeade, the governor of alaska and morgan ortagus, the 10:00 o'clock hour of "varney & company" is next. ♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.
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♪ i don't care, i love it. ♪ i don't care, i love it, i love it ♪♪ stuart: i don't care, i love it. [laughter] i used to say that when i was about 6 years old. lauren: sounds like a song for a 6-year-old. stuart: it does, doesn't it? it is 10:00 eastern. i'm going to start with your money. we're town on the nasdaq -- down on the nasdaq, up 8 points on the dow after a huge rally yesterday. i'd call that a mixed picture. big tech all over the place this morning. remember, please, that google reports after the bell this afternoon. that will make a big difference to other technology companies. and the 10-year treasury yield, a moment ago -- oh, look at that. that's why the rally has lost its steam, because you've gone from 1.77 a few minutes ago to 1.80. when rates go up, big tech aches it on the chin. now, moments ago, i believe,
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lauren's getting the numbers ready for us, the jobs number. if it tells you how many unfilled jobs available there are. what's the number? lauren: 10 is.9 million. stuart: whoa, it's gone up. lauren: it has gone up unexpectedly. the all-important cliffs rate, how confident workers feel leaving their jobs, their ability to get another one, 2.9%. no invest it was -- in november it was 3%, still extremely high. the nation stands in terms of finding workers for all these companies needing them and paying them. stuart: it's a fascinating portrayal of the labor market as it stands. almost 11 million jobs going a-begging, and what is it, 2.9% -- lauren: the quit rate. stuart: they must be confident they can get a job elsewhere. lauren: it's so close to the all-time high we saw in july which was 11.09 million, so really not much improvement.
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stuart: shortages, isn't it? you've got these jobs available, but you can't fill them. that's a labor shortage. lauren: and that's why it's so inflationary. and that's why the mandates and protests make it even more inflationary. stuart: and the market kind of went down on that. the manufacturing indicator -- lauren: it came in at 57.6, so a little bit better than expected, but it was a decline in the month of january from the month of december. if anyone can get the prices paid component, i'd love to see that, because that's something we like to watch, and i will work on that. stuart: okay. all good, and we've still got a sea of redon the left-hand side of your -- red on the left-hand side of the screen. the nasdaq is down .8%. lauren: i got prices. it went up to 76.1 from 68.1 is, so how about that? stuart: that's the inflation indicator, is it? that's good. quite a series of reports there. all right, everyone, now this. in the first year of the trump
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presidency, it was carnage in the cabinet. the national security adviser, the white house chief of staff, the communications director, the health secretary and others, all of them out in that first tumultuous year. trump said, quote: there are people who have done a bad job, and i let 'em go. i say that's being smart. end quote. in biden's first year, nobody has been fired despite failed policies and incompetence. the original biden team is still very much in place. there's a lot of grumbling. plenty of democrats unhappy with the team's poor performance. headline in the washington post, white house frustrations grow over health chief becerra's handling of pandemic. that is xavier becerra who runs the entire covid response operation, but you never see him, and he doesn't take responsibility for all the covid confusion. the post says top democrats have openly mused about who might be-- replace him.
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there's also talk about vice president harris by nominating her to the supreme court. that's not going to happen, but there's talk. an op-ed in the times could for chief of staff ron klain to go. however, don't hold your breath. firings are very unlikely. if the president doesn't want to change his team and he's pushing build back better and the confirmation if process for his supreme court pick. secondly, he has the identity problem. race, gender, sexuality, they fueled some of his picks for the cabinet. firing someone from a specific demographic group may backfire politically. when trump wasn't happy, he fired left, right and center. but biden won't do that. he can't do that. he's locked into inwe especially and failure. second hour of "varney" just getting started. ♪ ♪ stuart: matt schlapp joining us
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right now. all right, matt, trump fired people. i say biden won't and can't. what say you? >> yeah, i agree with what you said. remember, my wife merry worked for president trump at the -- mercy worked for president trump at the first two years at the white house, and i was involved as an adviserrer. the difference between biden and trump is trump was not that reliant on cabinet secretaries. he had his own ideas. they were completely anathema to the swamp. there was a lot of conflict, and donald trump was an outsider so he had a lot to learn about government. but over time he realized very quickly when there was a good fit or not with a staffer. because joe widen is in this -- joe biden is in this diminished state, whatever kind words we want to use, he needs that staff, he needs ron klain. he relies on his staff like crutches. and to get rid of them, i think, i don't even know if he's got the ability to know who's doing a good job or a bad job. from the outside looking in, they're all doing a bad job. [laughter] stuart: okay. from your perspective, i
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understand that. now let's move on to president trump. he's going to speak -- former president trump. he's going to speak at the cpac conference, i believe it's later this month. do you think he still leads the party as of now and will lead the party to the elections of 2022? >> yeah, i do, but it's not just my opinion. if you just with, you know, i spend a lot of time traveling, giving speeches, talking to people, and, you know, the fact is, is that people look to mar-a-lago, they look to palm beach to hear what the republican party cares about, what the republican party's doing. every time i go to palm beach to see president, he has a waiting room full of candidates wanting that endorsement. they'd rather have his endorsement than the endorsement of rnc or my other politician. so that just tells you at the end of day for republican primary voters, it's all about where trump is. stuart: is that how it works? mar-a-lago -- >> not normally. stuart: he's kind of holding
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court, and there's a waiting room full of people? >> oh, my god, yes. stuart: that happens -- he's got a court, almost, in florida? >> totally. it's exactly how it works, you know? if it's not as grand as the white house in some ways, but it is mar-a-lago, after all, it's pretty gorgeous. [laughter] and so people like going there. florida's so functional under ron desantis, and everybody's lining up to get that endorsement. now, on the democratic side obama's the cool cat. everybody wants obama's endorsement. nobody wants to be seen with joe biden or kamala harris because they're so unpopular and hair policies are so toxic. the democrats have always had the former president is a big deal. we've never had it. now it's he is, it's what donald trump thinks will determine whether or not you're going to win that primary or not. look at liz cheney, look at adam kinzinger, all these republicans who voted for impeachment or facilitating the 1/6. their political careers are over. stuart: got it.
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matt schlapp, see you again soon. thanks a lot. >> thanks, stuart. stuart: i want to get to the markets real fast. it's not a slide, but the nasdaq's down 140. you've got to remember, the nasdaq was up 400 points yesterday. so -- the dow's down 60, it was up 400 points yesterday. scott shellady with us this morning. that jobs report, nasdaq coming off its biggest two-day gain in 15 months. what do you make of that jobs number, 10.99 million jobs going a-begging? >> stuart, we've got a problem, and that's glaringly right in your face with that number. we're not putting those people back to work. and there's something else i'd like to lay over that. npr reported over the weekend, i believe, that since spring of 2021, so not quite a year, 33 million americans have left the job force. if. stuart: whoa. >> so that's going to be an issue, and we're not putting these people back to work. now when you look at the numbers, we're going to get a
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jobs number on friday and is on wednesday, we're talking about 175,000, say 200,000 people. i can hear my father in my ear saying that's basically a suitcase on the queen mary. we've got to do a lot better than that. that's the problem, we're not putting people back to work. that's causing more and more inflation, and now we're going to expect the fed to come in and surgically are remove inflation by raising interest rates on everybody. stuart: one area of real concern, i think, is and should be energy price inflation. we've got oil, top level in seven years. gasoline prices keep rising. nat gas is moving up. energy price inflation, is that the key inflation problem at the moment? >> yes, because it's involved in everything. from the petroleum in some of the clothing that people wear to the carting around of those goods and services to get them to where they need to be to be actually sold, to what you immediate to put in your tank to get to work every day, i think energy's the largest component.
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and if that's going to be the thing that the fed's got to worry about, here's my problem, stuart. we're going to embark on this interest rate rise campaign, so you could see a scenario -- and depending on what happens many rush russia and ukraine -- you could see a scenario where the fed is raising interest rates but 90, 100, $110 a barrel which would, in effect, me gate their interest rate hikes when it comes to inflation, but it's going to be punishing mom and pop across america. what kind of misery index would that be? stuart: scott, i know you're with us for the hour. thanks very much. we'll be back to you shortly. lauren's with us looking at movers. fedex, that's a mover. lauren: yeah. it's up 3% because you got strong ups earningsing, but they are feeling the labor shortage. they are suspending some of their freight services including
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fedex express. they don't have enough staff. that's the story across the country, across the world feeling right now. stuart: and that fits right into the jobs number. sorry, i interrupted, go ahead. lauren: and the domino's pizza number, they're paying people to pick up their own pizza. the biggest unit, oil and gas production, posted its best profit in two years, so so that stock surging 4.5%. and let's look at the vaccine makers, they are moving in mixed directionses, most of them in the green. moderna, full fda approval for their vaccine. it's only up half a percent, but moderna was the worst performer in the entire market for the month of january. pfizer, its shots for children under 5 could be available at the end of this month, and novavax, very strong performance friday and yesterday, they filed for authorization for their two-dose vaccine. and one study against all variants showed about 99 3 -- 93% efficacy. stuart: okay. take a look at bitcoin now,
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please. $38,000 per coin. last month, was it the worst year, start to a year for the clip poes -- cryptos? lauren: yes. of since everyone's referring back to the crypto winter, that's what they call it, 2018, that's when bitcoin fell 80%, and it took about a year for it to hit a new high and fully recover. you're looking at the prices, bitcoin down today, down 18% in january, down 19% in december. ether's down about 30%. the overall market is down too, right? and i just want to point out venture capsule -- capital, all of this money is doubling down on the crypto companies. we were talking about tom brady, his ftx? just raised another $400 million. so the space isn't dead, it's just finding its footing. it's going to be regulated. it has a lot of institutional a players coming in. is so it's just like the crypto winter in 2018, i would say absolutely not.
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stuart: brady has announced his retirement on twitter literally about a half hour ago. >> coming up, california's governor newsom says he only took his mask off for a brief second at the rams' game. roll it. >> i was trying to be gracious. i made a, you know, i mean, i was trying to be gracious and took the mask off for a brief second. but, no, i encourage people to continue to wear them. zero institute not so fast, new footage shows otherwise. we'll show it to you. school to closures have cost this generation of students $17 trillion in lifetime income. i don't know how you get to that number, but we'll try to figure it out for you. the nation's governors told president biden in a meeting that the country needs to move away from the pandemic. what was biden's responsesome if i'll ask a governor, mick dun levy, he was in that meeting, and i'll ask him. ♪ ♪
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missed amounts of earning potential over the course of their lifetime from hose missed educational -- those missed educational opportunities to get to $17 trillion. now, that equals about 14% of today's global gdp. i spoke with a former member of the baltimore city board of education who is also an economist to get his take. watch. if. >> it means that the world is less prepared for its future, there's going to be more poverty, there'll be more people out of work and, therefore, potentially more social instability. if. >> reporter: now, the new estimate of $17 trillion far exceeds the $10 trillion estimate from a year ago a, a sign that the learning losses are snowballing as closures continue nearly two years after the start of the pandemic. here in the u.s., stuart, more than 7400 schools were closed to in-person learning one or more days during the week of january 10th, and just last week 2100 schools were closed one or more
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days. flint, michigan, schools are closing indefinitely to in-person learning impacting nearly 4,000 students. and in cumberland county, new jersey, we see their middle school and high school students will attend for only half a day for the entire month of february to accommodate teacher short an as. the good news is that experts say these accumulating losses can be reversed, but they say the priority must be set on opening schools full time for in-person learning and offering supplemental learning opportunities like summer school or after-school programming, stuart. stuart: yeah, just tell that to the teachers' union. lydia, thank you very much, indeed. appreciate you being here. look at this, 608,000 new to covid cases were reported yesterday. meanwhile, a group of bipartisan governors, that will be a bipartisan group of governors, actually, told president biden to start moving away, their words, prosecute pandemic. governor mike dunleavy was at that meeting. he's the republican governor of alaska and joins us now.
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when it was the suggested we should now start moving away from covid, what was the president's response? >> well, i'm not sure. you know, stuart, first of all, thanks for having me on. but i think that you have elements of the federal government and organizations associated with the federal government whether it's the cdc, fda, we also heard dr. gottlieb speak, we heard folks speak at this meeting yesterday, there still doesn't -- they don't seem to be on same page, to be honest with you. i know that many of the republican governors have moved on beyond the virus for some time now. >> -- and that was part of the discussion that we had with the white house and others at our meetings here in washington is it's past time for us to move on. we have to move on. the omicron variant is not as lethal as the alpha variant was. we understand much more about the virus. and, quite frankly, you have both republican and democratic governors saying it's -- we've got to get this behind us
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because we have so much work to do to make up for the losses over the past two years. stuart: do you have mask and vax mandates in alaska? >> no. no. we came out early on -- we never did have vax mandates, and we never had statewide mask mandates in the state of alaska. two of our major cities imposed mask mandates, but no vaccine mandates in the state of alaska. we've made clear that we are not going to support that. stuart: i'm told that other governors at that meeting at the white house wanted action on the southern border. finish what was the president's response to that? >> you know, it's kind of a discussion that i wasn't sure that there was anything definitive came out of it. i mean, i think it's pretty, pretty clear to everybody that open borders and having folks flood across the borders is not necessarily good for the country, states, our economy, our schools, our medical, medical establishment.
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and it's, these folks are coming over, and if you really do care or do believe that the virus is an issue, they're coming over unvaccinated and then being airlifted to other states in the country, so it makes no sense. stuart: doesn't sound like you got much out of that meeting on two very important issues. >> nothing definitive moving forward, i would say. that's for sure, stuart. stuart: okay. thanks for reporting on to us because we're interested in the border and covid and vax mandates and what have you. thanks for being here, governor. we appreciate it. see you again soon. >> thanks, stuart. stuart: you got it. the u.k. is revoking mandatory jabs for health care workers. scott shellady, still with us. i -- do you think -- i don't think the u.s. will follow suit, do you? >> not right away, no. i mean, we've ill got too many people that are so -- still got too many people that are so hypnotized from march of 2020. boy, the media did a good job on a lot of mental cases in the
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u.s. because they've scared so many americans about covid that we're going to be very slow. we're also such a big country. but other countries like the u.k. and denmark are getting rid of a lot of these things, number one, obviously, for the shortage of people we've gone over already on your show about getting rid of those people we can't afford to lose 5% of your nurses and health care workers. so you have to at least start somewhere and say, look, we're going to have to start to live with this because we can't run an economy or continue to run an economy at a deficit, giving out money, more inflationary tactics. i mean, it's just not going to be a good time, so we have to start to learn to live with it, and that's the problem. we have such -- we did such a mental job of the psyche of america is so bruised from march, april and may of 2020 when some certain news outlets were putting up the death count every day that we've got people so scared that they can't see anything if else, and they don't want to -- and, by the way, we don't give them a reference
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number as to how many deaths versus other things in the country we have on a daily basis. stuart: exactly. >> we're so scared, it's going to take longer because we're bigger. stuart: and they never tell us how many people died of covid or with covid, because there is a subtle difference right there. scott, i know you're with us for the hour. stay right there, young man, and i'll be back to you shortly. we've got to detail this story about dominoes pizza. they will pay you $3 not to take delivery. congresswoman tulsi gabbard says identity politics is why president biden picked kamala harris as his vp, and he is now typing the same with the supreme court. vivek ramaswamy wrote a book about that. he's got the book and himself, they're both here after this. ♪ ♪
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the dow is down. together they're taking p -- 71 points off the average, so i just wanted to bring that to your attention. stuart: microsoft's down, you tell me all about it. lauren: i want to talk about ubs, best year since the financial crisis for them. they credit robust trading, deal making especially by their rich clients keeping busy. they're going to hike their dividend and do a $5 billion share buyback this year. look a at that, up 4%. spider-man, the new one, blockbuster. they preannounced holiday numbers, strongest quarter in two years but, yeah, they're still expecting a net loss. this was a stock that was up over a thousand percent last year. stuart: let's not forget that. all right. our next guest has a new book. it's called "nation of victims, identity politics." i like the sound of that. vivek ramaswamy wrote that book and joins me now. in my opinion, vivek, kamala harris as vice president was a
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clear identity pick. and i think the same thing is happening with this latest supreme court pick, identity rules. do you approve? >> i don't approve x i think the same thing is happening outside of government too, stuart. we see it in the private sector in who staffs the boards of directors of a company and who staffs the ranks of a hospital designed to treat patients. we have this new cancer in america where this new culture penalizes the pursuit of excellence and replaces it with the pursuit of victimhood instead. zero stuart why? >> it's become the newest currency. stuart: where does it come from? if it's such a cancer on our society, i'm inclined to agree with you in part, where does it come from? >> look, it comes from, actually, the origins that began in a good place because we had historical unjustices in this country that resulted in the civil rights movement, that created equality for everyone. but there's a curious trend, stuart, is that once you reach the promised land, you need to celebrate getting there instead of inventing increasingly
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farcical demands that you make. and that's what the civil rights movement has mutated into in the post-2010 era, a new woke movement that actually makes demands that undermines the goals of achieving equality of opportunity of every kind. there's an old story of a dragon slayer, st. george, who used to slay all of the big dragons. but once he had slain the big ones and the small ones, there was no more left to sway, he was found swinging his sword in thin air at the invisible drag gones that didn't exist. that's what the new progressive movement represents today, and i think we actually need to revive a path back to excellence, a shared national identity that we're missing. that is what this new book is all about, that's why i felt compelled to write it. stuart: just one fast point. part of the title is "the death of merit." explain that, please. >> yes. i think you see that with the affirmative action cases in front of the supreme court right now. merit is a system of administering rewards that
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administers rewards according to purely excellence regardless of skin color, gender, regardless of who you're sexually attracted to. it doesn't matter. the thing that matters whether or not you get ahead is how good of a job you do. we used to take that for granted in the 1990s. i'm a first generation american. my parents were immigrants. they came here because of america's culture of merit. but today we've rejected that from supreme court nominees to vice presidential nominations, to the people who might be doing surgery on you when you're in a time of need. it's ultimately determined by somebody's characteristics that they inherent on the day that they're born -- inherit. that rejects the vision of dr. king 60 years ago, but i think the vision we need to revive is achieving what you want in this community because of your hard work and dedication. that is the death of merit that we see on display. stuart: "nation of victims: identity politics, the death of merit and the path back to excellence," that's -- i like it. that's why i'm reading it several times.
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vivek ram swamny, we'll come back and see you soon. >> thank you, stuart. stuart: let's move on the -- on to something really strange. co-host of "the view," whoopi goldberg, is facing backlash for comments she made about the holocaust. lauren: they stunned us, stunned her cohosts when she said the holocaust that a murdered 6 million jews was not about race, but ethnicity. >> let's be truthful about it because the holocaust isn't about a -- race -- >> no. >> no -- [inaudible conversations] >> these are two white groups of people -- >> [inaudible] [inaudible conversations] >> but you're missing the point, you're missing the point. the minute you turn it into race, it goes down this alley. lauren: well, hitler believed in a master race. goldberg still held on to her
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belief that the holocaust is about man over race. what were they talking about on "the view"? there was a school district in tennessee who didn't want a prisoner prize-winning -- pulitzer prize-winning book because of there was a picture of a nude woman and eight curse words. yes, we want kids to learn about the holocaust, but not true that novel. that's what they were cussing. she's got -- discussing. she's gotten a lot of heat. stuart: she sure did. new york times reporter nicole hannah jones again facing backlash for a now-deleted tweet responding to a fellow colleague about the joe rogan controversy. quote: we need to understand why millions of americans don't mind the open racism. it's not a mysterily, been reporting on it for years, so what do we do with that? scott shellady, what do we do with that? you saw the tweet, you heard it. what do we do with that? >> she's mistaken. it's not open racism, it's just open dewait.
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and to his point and he made it very clear yesterday and that's why a lot of people listen to what he has to say is he asks the questions that a lot of america wants to ask but can't. and, again, to back him up, a lot of the things he talks about today which are openly discussed and sometimes now, you know, go against what the cdc may say today, a lot of the thing he's saying today you were allowed to say 12 months ago. you'd be kicked off twitter, and you would have been frozen. so that ultimately goes down to the distrust of everything when it comes to pandemic or a lot of the things he's getting in trouble for are really p pandemic related. and the things we can say today and now masks don't do as much as they thought they did, if anything at all, unless it's an n95. that would have gotten you kicked off twitter last year. a lot of the things that he brings up are those types of things, and that's just open debate. that's not open racism. stuart: right. >> i'm not sure racism comes into the pandemic.
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i think it's pretty much nondiscriminatory, everybody can get it. this is trying to shut down debate, it's not racism. stuart: you got it. scott, stay there, more later. coming up, how much more you could be spending on your super bowl party this year. companies are taking advantage of shipping delays, lockdown overseas by manufacturing right here in america. jeff flock has that story right after here. ♪ ♪ ♪♪
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pennsylvania. they make plastic parts for coffee filters, window components. do they make everything in america now x did they used to make it overseas? >> reporter: well, look at this. this is the stuff you would think would be made in china, right, michael arrington, the president of the company. what is that, by the way? >> that is a lip balm container. they used to be made in china, now we make 20 different colors right here in the u.s. >> reporter: and what is the green thing? >> tinker toys. we reshored from china about ten years ago making about, i don't know, half a billion toy parts a year right here. >> reporter: you have been evangelizing on -- by the way, what are these? >> these, we're making a lot of these now, these are the readers to go into hospital systems to read the covid test kits. you snap these together, the assay goes in the middle and now you've got making sure that you either are or don't have covid. >> reporter: gotcha. stuart, this man has been evangelizing for reshoring for a
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long time, but it's really gaining traction because now it actually makes financial sense. look at the numbers. 138,000 jobs reshored in this past year. 1300 companies. it now makes sense because of high shipping costs. >> not only the shipping costs which, you're right about, have gone up 3-400%, sometimes more, but also because of all of the other hidden costs of supply chain. you know, as we go to an era where we have so much more e-commerce if, then you've got to be more responsive to your consumer. and the only way to be close to the customer is to shore the supply chain. best case from china, you're 6-8 weeks away. here you're a week away. it's a game-changer. >> reporter: and just to finish up, medical stuff. >> medical stuff. take these samples out of the test tubes so you can put them into the automated machine and make sure that all the tests are happening. very precise, as you can see. everything requires precision here. >> reporter: i leave you with the numbers on the shipping
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stuff, stuart. take a look. to the east coast now used to be $3,000 to ship a container, right? it's now 12 grand, and it was even worse. >> it was. it's been as high as $25-30,000 a few months ago for a container. >> reporter: makes sense to be made in america. it's not only patriotic, it's good financial sense. stuart: jeff, please, congratulate him and repeat, yeah, it makes a lot of sense. great to have you on the show, see you again soon. gentlemen, thank you. will let's go back to that domino's story. they think they've got the solution to the worker short an. they're going to pay customers $3 not to get the pizza delivered. if -- scott shellady back in again, please. that's a measure of just how serious the labor shortage is, isn't it? >> yeah, that's to got a couple things in it. it's got a labor shortage component, and it's also got an energy price inflation component to it, stuart. watch me tie that together.
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[laughter] now, i don't think -- look, there's not a ton of people -- maybe the drivers drive priuses, but i don't know about what type of cars most domino's customers drive, but it's probably not a prius. i'm looking at it like this: if you get, say, 15 miles to the gallon, that better not be more than 7.5 miles each way for you to go pick up that pizza, because you're just going to break even because it's going to cost you a gallon of gas, right? $3. so if gas goes up in price, that domino's store better get closer to your house, because you could be actually losing money depending where this thing is and what kind of car you have with the price of gas and energy inflation. stuart: did you know this, scott, that mcdonald's is introducing four new menu items, apparently customers kept combining the food themselves, so they're adding hash browns wedged into a sawage a -- sawage
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mcmuffin. surf and turf, a crunchy double, that's six chicken nuggets in the middle of a double cheeseburger, land are, air and sea, it's got one bun, a combination of a big chicken sandwich, big mac and a filet of fish. do you have a preference, scott? [laughter] >> first of all, stuart, you kept me on your show for the whole hour because you wanted to get to that story. i know that's really why i'm here, okay? but number two, you know, i've heard about that, and i thought if you ordered that at the counter, it was going to be made for you, apparently you have to do it yourself. now they're going to make it for you. this is something that the in-n-out burger on the west coast has been doing for a while. i mean, i guess it brings in business or people think it's fun. i don't really -- i mean, i'm -- i like mcdonald's every now and again, but i don't think i'd be mixing surf and you are -- turf, i'm not really that
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creative when it comes to my food. stuart: just as long as it's fast, that's's what areally want. >> exactly. and hot. stuart: got to be hot too. thanks, scott. back to you in a moment. some in texas are demanding stronger covid protocols in schoolings. -- schools. they don't want freedoms, they want more restrictions. will cain is going to join us, he's from texas. what on earth is going on in his state? tom brady is retiring. we found that out this morning. we'll talk to brian kilmeade about it next. ♪ ♪ dad, we got this. we got this.
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stuart: 10:51 even time, that means it's time for brian kilmeade. brian, after 22 seasons, brady's announced his retirement. you're a sports guy, i'm not. i want to know why so many people dislike brady who is clearly the best quarterback in history. >> i tell you, i don't really see him as disliked. i mean p aaron responsible jers seems to be the guy disliked because he had the audacity not to get vaccinated. but there was a time in which
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people really resents the new england patriots. -- resented the new england patriots. the jets says you're taping our games, our practices, our walk-throughs, that was of a dig scandal, deflate-gate, but i feel like that really washed away especially last year when he goes to the bucs and does something he's been doing for most of his 20 years with the patriots, and that's win. and for the seventh time, his super bowl championship. this year it looks as though he looked around and said, i think we gotta really -- we're going to lose a lot of talent to the cap, i've been doing this so long, i'm 44, 10 years past most quarterbacks, at 34 they're usually looking at the other side of things. so he said, okay, you know, i'm going to call -- stuart: does he get the $15 million? as i understood it, if he had not resign or retired by february 4th, he gets the $15
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million. well, now he's retired or at least announced it, so does he not get the $15 million? >> i just like to confirm to you, when we get our $15 million, a lot of it goes to taxes. keep in mind if, once you pay taxes, i would say this, he signed for 20, he got 5, and for salary cap purposes, they postponed the payment until friday. i don't think he actually loses it because i think it's for last season. if so that's what i think is story is. if he comes back again, he gets even more more than that, another 20 million, but i don't think money is really the object with him. i think he's got a kid that's 14, a daughter that's even younger, a son that's about a ready for senior year in high school, i believe, and he's got three or four businesses on the side including tb-12 which if you listen to the book on tape, which i did, it is a whole way of living not to be a quarterback, and i think that's what he wants to get into next. stuart: we always like to bring you issues you're going to get
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fired up about, and i think we've got one now. governor hochul has extended the statewide mask mandate until february the 10th. frankly, i think that is utterly ridiculous. how about you? >> how about the fact that cloth masks don't work? preschoolers, first graders here who have never seen their classmates' face. how about the fact that being that we are two years into this giving parents the choice. does this woman want to get reelected? does she understand there's this huge uproar for parents that want a say in their kids' education, many of which are, big secret, democrats? so my town in particular says we're taking them off of in a week. so i don't know what she's doing. she's working through the court system. they already had that a invalidated and we have a nassau county executive -- and for those people around the country, nassau county's bigger than nine separate states, that's how dense it is populated. by the way, taxed higher than anywhere else in the country. they are saying enough. so they're at war in the courts. february 10th they're going to delay this until february soth
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which means we've got to do it for two more weeks, and the it's just so unfair, stuart. stuart suit i just want to make sure when the storm comes this weekend to the new york area, and one is coming this weekend, i just want to make sure that you do the shoveling at your house and not your wife, because that futuristic shovel you've got there, i don't believe you've actually used it. i am told that it was your wife who did the shoveling. you're going to make that, aren't you? >> stuart, what do you mean you're being told as if you have shovel sources? [laughter] i've seen the "varney & company" budget. you do not have the budget to fan out to long island to see if i'm shoveling. the problem is i was using a shovel that has a little circle thing this way i could go lefty and righty, i can go low and high, i can adjust it. i think this is a jealousy involved that i have not seen up until this moment that i could shovel in a way that would be easy on my if upper body. stuart: i'm totally out of time. we've got to promo your one
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nation show, 8:00 saturday nights on fox news. and this weekend, sunshine, you'd better get your wife to stay indoors. [laughter] is scott shellady with us? put scott back on again. okay. that's not scott shellady, that's scott shellady. hey, thanks for being with us for the hour, scott. we really appreciate it. >> a lot of fun, thank you. stuart: thanks. still ahead on this program today, will cain, morgan ortegus and nigel farage. and this one, rules for thee but not for me may cost the conservative prime minister of great britain his job. but in america, the liberals' rules for thee but not for me is not so strictly applied, now, is it? that's my take after this. ♪ ♪ real cowboys get customized car insurance with liberty mutual, so we only pay for what we need. -hey tex, -wooo. can someone else get a turn?
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big tech mostly lower. the only winner is better platforms. show me the cyber security stocks. they are all up. there's a reason for that. chris rack, director of the fbi says china is uping its intimidation of american corporations trying to hack into them. there are 2000 investigations into china stealing information from american corporations. the chinese have stolen more than all other hackers combined. that's why cyber security stocks are up today. the 10 year treasury up 2181. that is a problem for big tech. now this. rules for thee but not for me. that is created a monumental political crisis that may cost the prime minister britain his job.
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boris johnson allowed 16 parties in and around his residence when the rest of the country was locked down. ordinary folks were told to stay home and not socialize. the prime minister was partying hard. investigation concluded failures of leadership. the police are conducting a middle investigation. in parliament none of his fellow conservatives supported him. the opposition called for his resignation. he had been popular. he's jovial and a good speaker and has that uncombed hair. the brits no longer look favorably on him. boris johnson may be the most high profile casualty of rules for those oh back but not for me. countless times we've seen high officials breaking their own covid rules but nothing happens. there is no censure. the conservative prime minister britain may lose his job.
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in america the liberals rules for thee but not for me is not strictly applied. third hour of varney starts now. will kane joined me now. why aren't democrats being held accountable for breaking their own covid rules in america? >> reporter: question we should seek the answer to. in the form of accountability. how is it gavin newsom can go to the championship game, not wear a mask, lie about not wearing a mask, there's camera footage of him throughout the game. schoolchildren in california are forced to cover their face.
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when he was in that luxury suite, so was san francisco's mayor and eric garcetti. america should look into this television box like i am. why? why are these politicians not held accountable. trekkers in canada and united states of america but what about parents? accountability, standing up for these politicians. stuart: here's something that drives me nuts. students in texas are demanding stronger covid protocols. they want remote learning. they want masks. they want more testing. this is texas. you are from texas. it is the land of the free. are teachers indoctrinating students or something? >> the answer is yes, teachers are indoctrinating students. don't know if that is the answer. it is part of the answer.
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the whole society from adults to children has been pumped full of fear, the most contagious disease spreading america, paranoid fear. however, i've got two boys and in the past month, they have said i wish i could do remote schooling for one more day. not that they want to return to it permanently. everybody wants a day off school. you think these children aren't just being children? i think that. i don't think they are looking for more covid protection. they are looking for a day off. stuart: that is any destination. it shocked me the least vulnerable group of people, teens and 20 somethings, the least vulnerable of all people demand the greatest protection.
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it goes back to what you were saying. we are in the grip of fear. fear has gotten hold of our kids. last word to you. >> that is exactly right. this is a society built on pioneers, frontiersmen pushing into the unknown. risktakers. people watching your show trying to make tomorrow better. it is built upon bravery. we've had leaders who try to lead us by selling a sphere. stuart: that was a very good last word. see you again soon. best wishes to your two boys with their day off school. let's get to the markets. red ink across the board but not much of it. that's a small pull back after the recent rallies. joe durrant is director for the finance at goldman sachs. goldman put out the outlook for the year.
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you are looking at $5,000 for the s&p by the end of the year, up another 500 points. make your case. >> it is going to be choppy. high evaluations. the way you lead the discussion around covid is similar to what is happening in the market. it was a scary start of the year. that's not a good sign. you have to keep perspective. the market never goes up in a straight line. the likelihood is we will get choppiness because we have high valuations, interest rates appearing to go up this year and in addition the fed being less accommodative and global turmoil, russia, china. underneath all that you have a growing economy and while it won't grow as quickly you think you will have a favorable
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environment for stock so don't want your fear to get in the way and courage is not the absence of fear but the overcoming of fear. i love that quote and it is important for investors to remember that. >> several times i've said my big concern. maybe at my age, is the market goes down and stays down. a bit like the 1970s was not much money to be made. stocks not where it is. we face a long time like that. should i be concerned? what do you say? >> there was a period where the dow did not hit new levels. that was a high inflationary period but now the fed can print money. that wasn't something they talked about before. if prices stagnated for a long time it would suggest the fed
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is comfortable with that. they will make sure inflation doesn't run out, they will do their best. they have the ability to say we had enough stagnation and fill the system with money. markets are more fluid than they used to be. technology is changing the rules of the game. new companies coming along changing the rules of the game for everyone. only one wealthy way, that is equity in the growing enterprise. for our clients we have to remind them what is the alternative. when you didn't want to do, inflation at the capital. you have to stay invested. you should lean toward us stocks. you should expect volatile, from january already. stuart: you make me feel a lot better.
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thank you very much. my fears are used. thanks for joining us. see you again soon. let's get to the movers. i would call ups a big mover up 15%. lauren: it had a high of 233. shipping fewer packages. they were doing so at higher prices. they boosted their dividend by 49% to one dollar and $0.52. this stock is up 15%. they are getting ready for spring which is christmas for them and hiring 20,000 more workers than usual to meet that expected demand. they plan to offer 100,000 workers jobs within one day. stuart: what are they offering? astronomical money. lauren: there's a need for workers. it is for different workers, part and full time but i'm sure it is generous if they need to
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get so many in the door. stuart: there are a lot of unfilled positions. i wonder if home depot can get the people it needs. lauren: today's the big day after being pushed back as workers return to the market since omicron first anthem home around the holidays with financials are one of the best performing sectors. wells fargo is up the most, 3%. they got an upgrade. they say they are growing the revenue and reducing costs so that was a good sign. stuart: plenty of green on the financials. the white house is giving state $1 billion to plug abandoned oil and gas wells that fight climate change. north korea says that is a picture taken from space after the latest missile launch. north korea claims it is capable of striking guam,
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american territory. president biden says the us is ready no matter what happens between russia and ukraine. is russia waiting to invade until after the other pics? morgan ortagus take that on next. ♪ move your high-interest debt to a sofi personal loan. earn $10 just for viewing your rate — and get your money right. ♪ your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire
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teaching people how to use weapons, usually rifles. what was once a pastime or hobby, people did for fun, is now for some becoming a big business. here is one instructor. >> translator: what i like most is what rifle do i need to defend my home? >> reporter: a lot of younger people we saw training, people in their 20s, grew up in an independent ukraine. talk about why they are doing it, they see those russian forces all along the ukrainian border as a potential life or death threat. here is one young man. >> translator: we all try to be prepared to defend our country. this is really really important. >> reporter: the government has set a goal of trying to build a
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melissa -- militia of 100,000, key installations who serve as a guerrilla force to make the russians pay a high price. stuart: we hear you. thanks very much indeed. president biden says the us is ready no matter what happens between russia and ukraine. >> president biden: we continue to words diplomacy as the best way forward. with russia continuing its buildup around ukraine, we are ready no matter what happens. stuart: morgan ortagus joins us. i don't think it helps with ukraine while the olympic are going on. >> reporter: make a lot of sense, to protect with vladimir putin will do. he has done a few things. you and i talked about more troops on the border. one thing that was a telling
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sign to me, they started to take blood supply to the western border with ukraine. that is something military analysts would say the normal thing would do when a country is getting ready for a fight. in the best circumstances you have loss of life on your side, a blood supply to keep any injured soldiers. the point of that is we know that russia is prepared. that doesn't mean they will go in. but it calls into question how prepared are the ukrainians, how long can they withstand the russian attack if it were to happen? a few key questions for military analysts, if russia did go in with they tried to take the capital or try to annex portions of eastern
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ukraine similar to crimea. those are the things we are paying attention to. stuart: it seems to me if clinton did move in, the risks are enormous because the back lash in terms of sanctions would be specific, mess up the whole of europe and the locals might put up us to fight. he risks a lot by actually doing it. >> that is a great point. i went to ukraine with mike pompeo and we met with injured ukrainian soldiers. one of them gave the patch up their uniform to mike pompeo. russia has a big massive force. don't know how long they would be able to withstand it. the problem with sanctions is russia faces put on by the trump administration a lot of
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sanctions. of sanctions alone were going to stop russia they wouldn't of got into crimea in the first place. that's why you need a competent of way of looking at the russians. week presidents like biden begets more. strong presidents, why other desperate didn't -- strong presidents don't see these incursions. stuart: what is with the north koreans? they tested a ballistic missile. how big a threat is this? are they acting for the state of china? >> interesting question. at the un when trump got strongest sanctions against north korea than had ever been placed on them before, when that happened the chinese were very cooperative.
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from the game of chess the chinese always liked having the north koreans be a nuisance to us. the problem under president biden we can't see real action. can't see what their plan is. trump made clear to kim jung un there would be consequences if they attack america. part of this is ongoing testing of their weapon system. part is to promote a week president. it is concerning. what president biden did by embarrassing us in the withdrawal from afghanistan has reverberating consequent is. stuart: we were showing pictures of kim jung un a moment ago. he has lost a lot of weight and really sharpened up. his clothes are better than they used to be.
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>> a pretty young guy. he needed to lose weight. today is my father's birthday. if he is watching, happy birthday. stuart: happy birthday, good to have you watching the show. see you again soon. check the markets. not much movement today. different from the days recently when we had enormous moves. the nasdaq down 3, not much movement. show me pfizer again. the covid vaccine for children under 5 could be disputed next month. they will apply for authorization as early as today. moderna has full fda approval for the covid vaccine. it was emergency authorization only, now it is full authorization. california's universal healthcare bill has hit a major roadblock.
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what happens? ashley: well, simply democrats couldn't gather enough votes. the legislation would have made this state the first to have universal single-payer healthcare. supporters say will provide affordable healthcare for all residents. the cost of the plan wasn't included in the bill. estimates put it at $350 billion. critics say individuals will be hit with heavy taxes to pay for it. the chamber of commerce says it is not the time to experiment with a statement bureaucracy funded by unsustainable taxes placed on employers trying to survive the pandemic.
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stuart: no argument from me. tom brady has retired from football. new reaction coming in. a restaurant in dc you've got to show your papers to get in the door. restaurant in virginia you don't need papers, you walk right in. the owner of both restaurants and we will compare business with papers, without papers. we will be right back. ♪♪ ♪♪ i never want to hear you say ♪♪ i want dad, we got this. we got this. we got this.
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susan: i love the inflection you have there. i want to show you what is in the up and up, a celebratory mood and crypto stocks. $200 billion worth of crypto ownership. india not banning crypto but 30% is a positive. china allowing crypto currency in newly created special autonomous zones. 660 bitcoin, $23 million or so. that was a good side. a move to a different topic. stuart: a segue, that's what it is. these autonomous zones. to allow crypto mining. hong kong used to be an autonomous zone but isn't any longer. susan: you are on fire.
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morgan stanley upgrading harley-davidson. equal weight worth $40 billion. the turnarounds at the spinoff. watching the olympics, you used to watch soccer matches. coverage of the beijing winter olympics. the streamers and netflixes and rokus rallying back. stuart: they want to get this discussion list up because it is down. susan: happy year of the tiger. stuart: the year of the tiger? all right. our next guest owns several restaurants in washington dc and virginia. to junction bistro in dc in the city.
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show your proof of vaccination. another location eight miles away in virginia, walk in, no papers. the owner of those restaurants joined me now. what is the difference in business between your dc place and your virginia place. >> reporter: the obvious difference is in virginia you don't have to wear a mask. stuart: is the business up? >> it was a record-breaking year for us when in dc restaurants. stuart: if i told you in new york city you are supposed to show your vaccination card, but in the poorer districts of the town nobody checks. you walk right in. is it so in dc?
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>> show picture of the sign. we put up a message to our customers saying we appreciate their business, we don't discriminate. that sign cause a lot of attention. they are paying attention in dc. aggressively. very aggressively. to the point where because of that sign. in some cases it went viral on the internet. people took that and misread it. as us being not caring about lives. that was created by the mandate movement. a lot of the people doing business in dc. most people are afraid to speak out. they are afraid to speak out because even though this is the health issue the city is not using the health department to regulate and watch this .
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they are losing the liquor police. it is the most important thing to have, the hardest thing to get. you risk losing that if first of all you have a verbal morning and a penalty. the penalty is $1,000 if they come in again. so many reports for not wearing a mask. if somebody reports not having a vaccination card the liquor police will write you up. stuart: it is awful. i don't know how you keep doing business in a situation like that. all the powers are against you. you have no defense. the restaurant of yours in dc. if i'm in dc i will come into your restaurant and make a point spending big. you need support. >> we welcome you with open arms.
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stuart: next time i am in dc. you made your case clearly. next to inflation this europe super bowl can cost 14% more than last year. meat, chicken wings, steak. we will figure that out for you next. stuart: let's get to the super bowl story too. tom brady is retiring. what did he say in his retirement tweet? ashley: this is a weird situation. news spread the time ready was retiring. he denied he made his mind up. he said he would know the time is right. that time is now. putting confusions rest brady
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retired saying in part, quote, i always believed football is an all in proposition. if 100% commitment isn't there you won't succeed. success is what i love about our game. he says it is difficult for me to write but i'm not going to make that competitive commitment anymore. i have loved my nfl career and now it is time to focus on my time and energy on other things that require my attention. there was more to that statement but he made no reference to coach bill belichick, owner bob kraft. he sent 20 season of that team. he mentioned the buccaneers organization, players in the city itself. we should mention the nfl commissioner roger goodell said tom brady will be remembered as the greatest ever player in the nfl. it has been a pleasure to watch him compete. that is from roger goodell.
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they had some fights over deflategate. no mention of the patriots. stuart: that is quite a snub. back to you later. amid calls for his resignation, britain's prime minister boris johnson landed in ukraine. he is meeting with president zelinski. he's playing statement to distract from his political problems at home. environmentalists celebrating the vote to phase out oil drilling. it could hurt drivers in la. kelly o'grady has the story after this. ♪♪
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that is. it is louisville, kentucky. temperature is 52 degrees. look at the price of gasoline. it is gradually going up. national average for gallon of regular is $3.38 and rising. mississippi has a cheapest gas at $3 a gallon. california the most expensive, the average price for regular is $4.64%. the president is sending $1 million to some states to help fight climate change. what is the money used for? ashley: to plug thousands and abandoned oil and gas wells that emit methane, a potent climate change and greenhouse gas. methane is a main component of natural gas, counts for 10% of us greenhouse gas emissions. funding to plug as well and gas wells comes from the info structure built which allocated
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$5 billion to form a new federal program to address thousands of wells that are abandoned across the country. it goes to 26 date including $100 million each for pennsylvania and texas. 9 million people live within a mile of an abandoned oil and gas well. some in certain gases. stuart: city council voted unanimously to abandon new oil wells and fadeout existing ones. kelly a great joins me. the greens isolating but will this hurt la drivers? >> reporter: i'm a little concerned. i want to highlight less oil production doesn't mean less consumption. not just federal government policies that increase reliance on foreign oil.
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california consumes 1.8 million barrels a day. import 69%. we are dealing with a massive clog, more imports mean more tankers stuck in that harbor. california has the highest gas prices in the nation at $4.64. importing more foreign oil will cause the pain at the pump to worsen as we head into the summer months. >> any oil we don't produce has to be taken in by foreign country. we pay the highest oil prices in the united states which gets turned into gasoline, the highest price in the country. that is exacerbated if we no longer produce here. >> reporter: it will impact jobs. many roles are held by veterans
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and first-generation citizens. whether they find work without developing new skill sets. as california changes that, we see the russian ukraine border, any sanctions would mean opec would withhold crude oil from the global market sending prices higher. when you focuses on green initiatives. residents -- it can't be ignored. stuart: thank you very much. i saw those oriole drills in the background. the first oil drills i ever saw in my life. tesla recalling 54,000 vehicles. self driving software may allow cars to roll through stop signs at intersections. general motors reports fourth-quarter earnings after the closing bell. not much price movement, dow
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industrials dominated by the sellers, only eight winners in the dow 30 lists. boris johnson apologizes for holding parties while his country was shutdown. will that apology be enough for the brits to forgive and forget? nigel farage takes it on next. ♪♪ ♪♪ you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates
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>> i'm sorry for the things we didn't get right. this pandemic was hard. i understand the anger people feel. stuart: they are giving him a hard time. boris johnson apologizing for the partygate scandal. nigel farage joined me now. the prime minister came under attack from his own party. i say he was humble during that speech. is he on his way out? >> two months of crisis from outright denials from the prime
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minister in the house of commons. rules probate at all times. 2, i'm sorry. it gives the impression, two months ago he might have been misleading the house of commons. if you are caught misleading the commons that is a resignation offense. his own side. one by one, are coming out against them. former tri-minister teresa may asking a damning question. this is a death by 1000 cuts, piece by keys. support is draining in westminster and throughout the country. millions of people outraged. they couldn't visit their dying parents. stuart: he used to be popular. he is humorous. has that strange look. he is boisterous. strange things. a great reputation. the brits seem to have turned their back on him.
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they don't find him funny any longer. they find him outrageous. is that summing it up? >> yes. our big industry conference all the globalists get together, johnson addressed them. he told a pig joke. two years ago, everyone would have laughed. this time everyone yawned. we have stopped laughing at the jokes. the most damaging thing, millions of people who now think he is a liar. when you lose trust that is tough. stuart: he arrived in ukraine for a meeting with president zelinski. is he playing statesman to avoid his domestic political problems?
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>> completely. there was a scheduled phone call between boris johnson and vladimir putin yesterday afternoon london time. johnson couldn't make the call. the ongoing partygate crisis. they asked who is rescheduling. johnson has gone to kyiv. the hungarian prime minister is in moscow today. the manual macron and frankly johnson, with nothing in his pocket, just a distraction from domestic problems. nothing gets better. stuart: over here. we find it strange mostly democrats who disobey their own covid rules, they are in public no mask. democrats largely are the ones
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doing this and there is no censure. nothing happens. they keep going. in britain the most powerful man, prime minister of the country who happens to be a conservative could be out because he disobeyed covid rules. a strange tale of two approaches to the subject. >> it is. in the uk we are harsh on our politicians. one view we hold sincerely, that is lawmakers cannot in any circumstances be lawbreakers. your right. you must obey but i can break them could be the end of this man's premiership. i'm proud of the fact we are holding our public officials to account. the government are our servants, not our masters. that is important. lauren: 1 -- stuart: he only way for him to go is if a majority of conservative members of parliament so you are out.
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he has a large majority. a lot of tories have to say you are out. >> yes. the court of public opinion matters more. we get to a point where he is and just damaging brand boris johnson but brand conservatives. there comes a point to stop a socialist labor government next time what his colleagues will make. my guests is three or four months, i will say it again, a death by 1000 cuts. stuart: fascinating. great coverage. thanks for joining us. 11:55 eastern time. tuesday trivia question. what is the record for the most snowfall in the united states in a 24-hour period. we will bring ash in for his guess. the correct answer after this.
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stuart: here is that question again, what is the record for the most snowfall in the u.s. in a 24-hour period? you got four choices, ashly. what is your choice? ashley: i go with number three, i go with number four. probably out west. stuart: yes i would have done exactly the same, i'm guessing 81.1 inches. reveal please? a mere 75.8. that is more than six feet, remember. it happened between april 14th and april 15th, in 1921, in,
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silver lake, colorado. now you know. 75 inches. that is a snowfall and a half, isn't it ashe arb won't complain again. stuart: see you tomorrow. now then, david asman in for neil cavuto of course. i have to tap dance for seven or eight seconds so i to him exactly at 12 noon, three, two, one, david, it is yours. david: incredible, stuart, you're right on time. god bless you, man. wouldn't you rather be, all the wonderful stories you could tell about snow i would rather be in miami. end of january, beginning of february, i would rather be in miami. thank you, stuart, i appreciate the extra second there. welcome to cavuto "coast to coast." i'm david asman in for neil cavuto. we have a jam-packed hour of news coming your way. the biden administration expecting a defensive play with expected weak jobs report for january.
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