maria: it doesn't make it any better in terms of calories. ladies, what being with you both this morning. we partner, nancy, always a pleasure. markets have given up much as you can see. dow industrial as up 12 points because of that adp number we got earlier which showed a decline in jobs. sue, take it away. stuart: the nasdaq is still going well. good morning, everyone. we are really running out of words, petaca, blowouts, stunning, accurate descriptions of google's financial report for get off but nominate online search and internet sales brought in revenue of $75 billion in three months. better yet they are going to split 24 -- one which means the prices will come down making it more attractive to retail investors. the stock is up on 9%, just

being $3000 a share. that's hoping the nasdaq another significant day, premarket of course the nasdaq is up about 170 points, s&p up 27 from dow up only 16. tonight platforms, facebook reports as we walked up to the numbers from of the stock is up 2.8% -- yeah, that's a significant gain. apple, microsoft, yesterday google, they posted great results. perhaps investors will produce another big tech went. but corn, price at $38300.because more energy price inflation out there. the price of oil, $89, close to $90 a barrel. as above $5. another winter and snow and ice snore coming which will hit 90 million people.

gasoline, a new markup there, average price for a gallon of regular is now $3.40. important news, blockbuster study from johns hopkins university says all those lockdowns and closures made no difference to the covid death rate but they did damage to the economy, children's education and mental health. it's a powerful indictment of covid policy and for dictation of the open up policies in florida and texas. america's debt officially hit $30 trillion it will keep going up sharply as the government spending plans take hold. there's news on back, senator manchin says the spending plan, build back better is that, his word. abc suspended will people goldberg from the view for two weeks following her contentious comments on the holocaust. it's wednesday, february 2,

2022, varney and company is about to begin. ♪♪ ♪♪ stuart: should i stay or should i go now? why didn't they play that for you now? [laughter] the top story we are going to get to now, used to be by johns hopkins university that reveals lockdowns have little to no impact in reducing covid debts, it only lowered covid mentality by 0.2%. sean duffy is with us this morning, this brings into question the whole corporate policy, indictment about policy. is it time to change? >> of course it is. it's like saying the earth

wasn't flat, it's round. of course we knew the lockdowns weren't working. i wonder if the government bureaucrats, state and city leaders who and fermented lockdowns will apologize for the small business owners who lost their dreams or the kids who lost their education. you mentioned we passed 30 trillion-dollar mark or to apologize to future generations for lost income and increase taxes to pay off the debt. i doubt they will. will they tape pay restitution to a small businesses who lost their dreams because of the lockdowns? i hope they change but they never admit it. stuart: you could -- the lockdown policy way back when and all the way through the past two years is an absolute disaster and entirely wrong public health policy. could go that far and some of my colleagues do go that far, how about you? >> i think you could, to but we all know masts don't work but they have not changed policies there. the vaccines and boosters don't

stop the spread of covid, it might decrease your sickness but all of the things they said work actually don't work. i think that's why most americans look at the recommendations from the cdc and say why would i follow this? you don't have a good track record of keeping me safe in my freedom alive and well. you've got to have trust with the american people because of the policies and their failures, they've lost that trust of the american people. stuart: get off my back. one more item, pfizer asked the fda to expand vaccine to children as soon as six months old. would you get your youngest children vaccinated? >> you've got to be kidding me. this study, they show .07% of kids six months to five years old were hospitalized. we don't know if that's with covid or because of covid but it's a small rate. kids aren't dying from covid, it doesn't stop the spread of covid and the study shows two doses of the vaccine don't actually have much impact on kids.

they're doing this accommodation in hopes when they get a booster shot about three shots for little kids can keep them safe. this is insanity, no long-term studies. it would give this to a portion of the population, young kids who don't have real risk of being impacted from covid is idiotic. no parent should give their kids this vaccine, it doesn't do anything for them but maybe makes the politicians in washington and how space feel good about getting everyone jacked. stuart: sean duffy, seriously. thank you very much, important subject. let's turn to the market, a huge story this morning, alphabet and google and stellar earnings. tell us how good the report was. >> three straight quarters, 75 billing dollars in the final three months of last year end most of that was from ad sales that grew by 33%. private revenue grew by 45%.

youtube ad revenue rose by 25%, the only unit but disappointed competition from tik tok. everybody is talking about today, so in july google shares were at 27 -- 52 of the close, $140 at the split. that's the sweet spot for retail investors in terms of affordability. since the dow is inflated, do you think someone comes out google map crimson? stuart: all of is a plus for the stock. it micro into the dow, that's a plus. the idea that it will be reduced in price to retail investors is a big plus rise up 9%, actually 10% this morning. the dip fire himself. apple, microsoft and google, very strong, all of them. enough to put a permanent floor under the nasdaq. what say you? >> i don't think we've seen it

yet, i'd like to but in order to feel comfortable about a permanent, you have to see the nasdaq recoup half of what lost. november to january, the nasdaq deposit was done 3111.19 and a half%. we are not halfway back, we made it back in without an s&p and then some but not yet in the last want to see us get at least halfway back to the technical levels, 200 day moving average and thus 50 day and then we are in the clear. until we do in the face of rising rate ahead, i think nasdaq deposits will be battered around. stuart: all right, platforms, formerly known as facebook, what you expect? >> i think will probably see upbeat all the way around, alphabet and google up 32%, expectation for meta- is about 19%, i think they should probably based on google numbers

because 90% of the revenue comes from ad sales and we saw happen with google. i think investors are going to key in on what's happening with the meta- verse and i think it's called reality lab segment, breakout reality segment and the rest will in, all the money they put in, what does it look like? how much investment capitol are they putting it? what are sales of the products in that space? that will be key for investors we want we will be watching, see you again real soon. now we are really going to change the subject's, whoopi goldberg, the fuchs suspended her with two comments because of her comments about the holocaust. >> a two week suspension and abc news president said while will be has apologize, i've asked her

to take time to rear learn about the impact of her comments. she came under fire for saying this on the field. >> the holocaust isn't about race, it's about man's inhumanity to man. >> several times that apologies later was this one. >> it is indeed about race because hitler and the nazis considered choose to be an inferior race. words matter and mine are no exception. i regret my comments as i said and i stand corrected. >> critics are calling out double standard. roseann foster abc sitcom 2018 after racist tweet about valerie jarrett. bachelor host was scanned after racist comments and so top executive at abc. she gets a two week suspension. stuart: got. where are we going? wednesday morning, up orthotist, february 2. we cut the dow up 11, look at the nasdaq up 172. houston police officer calling

out soft on crime policies during the funeral of an officer allegedly shot and killed by an illegal migrant during a traffic stop. >> those in authority coddling the criminals and enabling this behavior have culpability for those pulling the turtle. stuart: brh just ahead. president biden's ambitious trillion dollar build back better plan is that according to senator joe manchin. does that mean the out-of-control spending are behind us? after this. ♪♪

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democrats have often railed against super pacs and withhold dog money. however, democrats have been cashing in on dog money. jackie deangelis has been digging into it. what did you find? >> another example of it's okay, not okay for you but it is okay for us. a lot of people are talking about that but the democrats have financed dark money running up corrupt person from billing are spending, unlimited sums through loosely regulated nonprofit. watch this. >> we need to get big money out altogether in short foreign dark money doesn't continue to pollute our policy. >> republicans come to the table armed to the teeth. their donors, wealthy wealthy donors. they've got their super pacs, there dark money. >> this is about the people's interests, but dark special interest money. >> to get dark money out of

politics. >> new reporting from the new york times, the new york times doing this says a lot. fifteen of the most politically active nonprofits that typically supply democrats more than $1.5 billion in 2020 on the gop side, 15 similar groups, spending 900 million. the dems took an almost twice as much money. single named entity that served as a clearinghouse, undisclosed cash for the last team 30 front receive mystery duration. as largest $50 million in grants more than 200 groups while spending a total of $410 million in 2020. more than the democratic national committee itself. now the news of supreme court justice stephen breyer's retirement, another liberal dark money group demands justice, tweeting a video at calling for biden to nominate the first black woman supreme court

justice. we know it's a promise he made it he's since confirmed he intends to keep it by you have to wonder if these groups are adding pressure essentially looking for a return on their investment. stuart: that's right, he put the money in. thanks, great report. senator joe manchin driving at home again saying go back better is dead. republican florida joins me now. manchin sub is on the same day are debt top $30 trillion. the back better would have put up a lot more spending and the deficit. is it really that? >> is basically said. democrats right now are trying to piecemeal the bill but what people need to understand about the build back better plan was awful, was using reconciliation which only needed 50 votes in the senate and the democrats vote for. no mention in christensen said

no. if you piecemeal the different pieces of build back better, it requires 60 votes in the senate and there aren't ten that will vote for it. kyrsten sinema probably still won't vote for the pieces and the reality is are debt continues to balloon. if you have the peepers pieces bernie sanders and joe manchin wants, it's going to make our deficit even worse in the future and our country, we need to reverse course. i think it's that. stuart: i got this new poll in florida, at least 39% of voters approve of president biden's performance. 57% disapprove of his handling of the economy. i guess you will have trouble getting reelected, will you? >> i will but 39%, i figure out what they are listening to and watching and consuming in terms of information. joe biden has been a wreck, a disaster, an albatross, awful for the country. i want to know what they are considering and what their view is when the american president

because we are not witnessing that right now. stuart: did you see the johns hopkins study which we put our earlier this morning to the effect that the lockdowns and restrictions had no impact on the public death rate seems to me to be at vindication of florida which insisted who a lot have another mandate and lockdown. you have been vindicated. >> i've seen that report and several others on johns hopkins in respect to natural immunity being better than vaccinated immunity. what we need to do is allow the signs and all scientists to study what actually has happened and bring that information to the floor forefront which johns hopkins has died, we need more information not less and it can't all come from the cdc because they been hiding information from the american people. stuart: thank you, as always for being with us. we will see you again real soon. spotify trauma continues for

some i have seen? >> despite the apology withdraw from joe rogan spotify warning labels covid competent, this is what jen psaki said about. >> this is a positive step but we want every problem to continue doing more to call out myths and disinformation while also up 50 accurate information. >> when it comes to information with covid, misinformation is often true. you can't spread the vaccine if you're vaccinated and i thought about 100,000 kids were in the hospital with covid, was there a correction on that? >> yes. >> then i heard joe rogan's apology and it was genuine. i'm sorry and i will do more, i'll offer the other view of polarizing topics. now you have moderna, adele saying they should older music from spotify time for them to

take a stand on this. it's a conversation. some say this, others say that. just have an honest conversation. stuart: some of the stars who said the music off, remarket this morning as applicant, along with from a type it up again this morning to present. >> i made the argument if taylor swift listened to the fans and pulled her music, it will have an impact on the spotify's. we exemptions from graham nash pulling their music. i'm not denouncing them, they are talented artists but not taylor swift or adele when it comes to the young audience, the millennial's but it's interesting, she said i'm against what joe rogan said about covid-19 but i'm also against his big paycheck he gets from spotify and comments he made about race so it ballooning and so much more than covid.

stuart: censorship by some artists is what they were. >> it's freedom of speech but it cuts both ways. stuart: please, check the markets real fast. a menace to go before they open. the future is the nasdaq, huge again again today. the opening bell is next. ♪♪ ♪♪

still seeing a lot of green right before the opening bell going up about 170 points. man of the hour, you are telling people to sell into rallies. with had a rally, who gotta valley, are you still saying sell into the rally? >> absolutely. this is something more in our opinion been fair market found. when you have these bound they can be extremely violent and that's what we are seeing. i'm happy because investors are getting a golden opportunity to reassess risk and look to take them off the table. my advice is close in january make you uncomfortable in your portfolio, your getting a second chance to make a change but you

don't go through that again because is not seen the lows of this year yet. stuart: apple, microsoft and not google, spectacular earnings under the nasdaq. it meta- platforms this afternoon, what are you expecting? >> i expect earnings continue to be strong because these are fourth-quarter earnings. fourth quarter was good economically. i'm more worried about guidance going forward. i've said this and sound like a broken record but second quarter is what we are trying to expect our client forward. it will decelerate at a fast rate not to mention the economy itself, we are going to see fastest rate of change in deceleration in history over the next two quarters and i don't want to get in front of but. stuart: what is pulling the economy down? >> are several factors in the bond market gives these, the high-heeled spread so commodity prices are staying hot with oil

and will kill the consumer. trillions of dollars of stimulus that propped up the economy last year is no longer in the equation. you have all of this stress on the consumer but then you have to wage issues businesses are being faced so businesses are hurt on their margins in the consumer, 70% of our economy is being squeezed because of the cost of living today. stuart: your scenario still stands, cuban talking about this for weeks. we go up and as we go up, you sell into because we are eventually going to come down. the second quarter, starting in march of this year, that's when we see they're down, down, down. is that what you are looking for? >> i can't wait to come on here and yell in that will come but it's not right now. stuart: we can hold our breath for you, don't worry. we'd love to have you back. eddie, you are all right.

thank you. twenty-five seconds to go before we open this market. i'm going to say it, it's been like this for the past four or five sessions, the index to watch as the nasdaq because that's really action is, the home of big tech and big tech has had a remarkable balance. rigo, two seconds, we are trading stocks. right from the start, we are down a little on the dow industrials, 60 points down, not much. check the level, 35000. slightly more down stocks and abstracts. s&p 500 is opened on the upside. again of nearly half percentage points. 4566 on the s&p. the nasdaq up almost 1%.

strong gain from the opening bell. he looked at big tech and here's why. microsoft on the top there, off about as in google, open to $53, up 9% higher just like that. susan, you spoke to the chief financial officer at google, what did they say? >> talking about the stock split, $3000 down to 140 on july 15. twenty 41, stocks split and i asked her why she's doing this now, she said the recent is for some investors and makes our shares more affordable, accessible so i thought it made sense, you need to increase the number of authorized shares of the summer. if this is 140, hard be the cheapest for google stock seven years.

for the quarter itself, blow up record was but it's growing 80%. online advertising recovery, youtube slightly but still bring in 25%. at least 14 analysts this morning raising their target prices from 3450 and above, i even saw 3600, a blowout quarter google and apple but. stuart: that is remarkable. this morning, alphabet touched the all-time high which was 3037. we are still looking at roughly $3000 for alphabet. >> you could get it for 140 so cheaper. it's for those who need the lower entry. stuart: that's very interesting for a lot of retail investors and much lower, it looks more attractive.

tell me about forms, tonight will be our first report changing from facebook. one is the big deal you're looking for? >> i would say online advertising recovery especially after what youtube putting, youtube jumped 25%, meta- will probably do just as well. sales of 33 billing dollars and last earnings zuckerberg making back company transition to the meta- verse focusing on virtual and augmentative reality. the stock is only up to percent since last earnings report in october. obviously there are concerns with the facebook whistleblower and data leak we saw but it's a quarter with meta- but after right google and youtube did, they will come out with big numbers. stuart: i saw a big loser, it was paypal, plunging down 21%. what went wrong?

>> we are on track for the worst today paypal stocks to split from ebay in 2015 and i counted at least 12 target price press this morning down to 145, all the way up to 245. pretty positive on paypal but the hardy quarter short a penny when it comes to profit and then it got really bad when paypal forecast earnings were weaker in 2022 and ceo blaming inflation in consumer spending, supply chain problems hurting payments to china except he says gross display because they had to get rid of four and a half. they are still forecasting 15 to 20 million accounts this year, but still a lot. for 25 million around the world but don't you think when you're blaming inflation, supply chain

crisis and online payments like paypal, it's like the dog eating your homework, don't you think? stuart: a doesn't quite work, i reached to get there. i understand that. can we see the chipmakers? i think there almost all higher, nicely so. what is behind the big move? >> strong quarter, stronger year being up. market share from intel, huge growth. chips in electronics especially the past two years and huge demand for service a lot of businesses, at least for target hikes this morning. 140185 for atlantic and this is helping lift the other chipmakers. nvidia is a powerhouse, they will do well as well. 35 billion.

5g upgrades will help as well. stuart: i saw general motors picking up the pace for electric vehicle investments, it looks like the stocks are marginally higher this morning. >> but if they well reinvest in electric, that means they are not giving out dividend but good news is ceo gm said the trip shortage will use this year which means they will make more money this year end near record levels because last year what did you know gm made the most profit ever and probably's history? despite the fact that they make all that cash, they are not paying out dividend, they will reinvest into the electric vehicle or thomas transition, still looking to increase spending 35 billing by the middle of this decade. they are going all electric by 2035. stuart: when they made all that money, still worth much less

than tesla. remember that? >> i think they are worth roughly, what are they worth now? 85 billion, close to 100 billing? at least they are worth more than revia, $1 million in sales. stuart: the price movements and ev stocks are easy. you very much indeed on your screens, dow winters headed by microsoft, $311 a sale. lisa on the performance list, frequent good performer these days. s&p 500, chipmaker, advanced micro devices. google is on that list. nasdaq with us, against micro devices, but, etc. stop of the day is unquestionably google. dow industrials not doing that much in the early going up 26

points not. they yelled on the ten year treasury is 177, price of gold, $1805 an ounce. a.of $37000. oil, that's interesting. close to $90 a barrel earlier. not gas while at the $5. look at the price of gas. 340 on average for regular across the country. california still paying out 465 a gallon seattle area record gun violence last year get defenders are trying to keep offenders out of jails. jason has the story. a new bill in california when at the covid job to the list of required vaccines for children as young as five. we'll get reaction from peers in the formerly golden state. ♪♪

♪♪ on on earth are we playing cracks were kind of music is this? one more cup of coffee. i don't feel like that but i'm looking for coffee. were looking at seattle about 35 degrees this wednesday morning. show me starbucks. they're going to raise their prices. >> again after doing so well in october and last month.

how was a chick going to be to buy a couple coffee? here's why, they are committed to paying their workers 1 billion more on top of paid leave for exposure to covid. they are dealing with higher input costs as is everybody else and despite all of that, sales last quarter, holiday quarter, up 18% in the u.s. and overall revenue topping 18 billing. that's what investors are responding to today. stuart: inflation like that comes right at you. i used to call starbucks for box right now it's five bucks. >> a regular klondike, $3.45. i did put -- $3.45. just a regular coffee. stuart: let's look at coffee prices because he prepped that story. they are climbing quite sharply because of weather and supply chain issues, what is the weather doing?

>> a major producer, spiking by 76% last year, the most since 2010. you couple that with shipping rates of more than 60% in the past year and labor costs and issues, you're starting to seek smucker, nestlé saying okay, maybe we need to high prices. stuart: that explains $5 a couple of ground i or whatever you call it from starbucks. >> it is that the. [laughter] stuart: dunkin' donuts is my personal favorite. >> agreed. stuart: 28, nasdaq lost some of the big game but is still up 74 ports. 14400. president biden approved u.s. troop movements to your problem peter doocy at the white house. how many troops and where are they going? >> this is on top, 3000 troops on top of 8500 the president already approved.

white house and officials have spoken to our careful to say basically the president is not sending troops to war because he's not sending them to ukraine, they are going to eastern europe and and officials sent a note saying the forces will not fight ukraine, they are not boomer it permanent moves, they respond to the conditions. some are already europe and it's basically a show of force president biden was hinting at a few days ago. this is also not unilateral move. the president is doing everything and makes it some points to say every time he talks about a, everything in coordination with nato partners so not a u.s. forces russia situation to protect ukraine, it's a nato show of force but they will have several thousand american in position to respond to whatever it is they think is

coming. i know ukrainian leaders have recently said they don't think russia invasion is imminent by eminent is the word officials keep using around here in the president is putting his money where his mouth is it because sending troops to prop that up. stuart: good stuff, thanks indeed. russia place war against ukraine, we have good intelligence to what putin is up to? i asked a former cia station in moscow, using the show next hour. america's crisis comes over classroom, philadelphia where students and parents are on edge after teen was shot and killed steps from his high school. ♪♪

children are finally returning to in person learning. however, some school officials report increase in violent criminal behavior a high school in philadelphia, a recent shooting occurred. take us through it, jeff. >> john bartram high school here in philadelphia, it was just exactly one week ago a 17-year-old senior was leaving

school and shot dead on the sidewalk outside the school. emblematic may be of the violence you referred to, he looked at the numbers, school shootings in the past year, some students returned to class, 34 students shot or injured in some way at various shootings around compares to attend the year before. while the shootings get the big attention, it's emblematic of a bigger problem, just violence in schools, students not getting along well together, returning from a pandemic used to being together or whatever you attribute it to, therapist giving free therapy to students and thought up yet touched by five us says it's almost like grand theft auto game playing out in real life. here's what she told us. >> people are afraid to go to

school, afraid to walk home from school. when you get go to school without the fear of being shot, panic attacks, depression, it weighs on their mental ability to live everyday life. >> washington post called what's going on right now a crisis of epic proportions in public education. it's a complex story about the shootings and incidents of violence is its own story to tell but clearly the pandemic being out of school for such a. did not help. stuart: it did not. thank you very much, we'll talk to you again. a funeral in texas now, a funeral yesterday for a houston police officer, james galloway. he'd been shot while on duty. he joined the service, a fellow officer called arm he believes is responsible.

>> we will listen here, here is honoring his colleague killed by a career criminal, illegal immigrant during a traffic stop january 23. >> those in authority calling criminals and enabling this behavior, the culpability as those pulling the trigger. people need to be held accountable because enough is enough, no other way to say it. we are tired. we are tired physically and we are tired emotionally. >> that's why i think it's her turn, the funeral today in new york city, we are going to see a sea of blue and others drowning them to mourn officers lost but cops have died in the past, you don't typically see this amount about porn. people have said enough is enough and he gave back into government funding is three times as much to public defenders to assistant das.

that's just not right, they need to change the policies. stuart: let's hear from president biden in new york city tomorrow, he's got toward justice. check the markets, ready for the dock, down 40 but the nasdaq holding onto again pretty good up to 65 points. the stock of the day, which i think is awful but, otherwise known as google, up 8%. twenty-nine -- 75. still ahead, bill cassidy, mike bonnett, texas congressman, roger williams and martha, 10:00 hour of varney is next. ♪♪

♪ ♪ stuart: this is the music? [laughter] you're the dancer, caught on camera. [laughter] lauren: your shimmy was not caught on camera. stuart: fortunately, not. good morning, everyone. 10:00 eastern. have a look at the nasdaq to start, please, because that is going up again. a solid gain mow, up 65 points.

big tech, have a look at it, please. most of them higher except for apple. stock of the day, in my opinion, is google. stellar profit report. the nasdaq market, a floor for now. meta platforms reports after the bell, and it's up about $2, 263. -- 2.63. now this. president biden comes to new york city tomorrow. he should be here today to attend another police funeral at st. patrick's cathedral just like the one last week. this city is in the grip of a crime wave. fear is palpable just as it is in other big cities. if the president arrives here and blames gun violence, he will simply be repeating the democrats' talking points. they don't like guns. i think they're deliberately missing the point. it is soft on crime that's to blame here, and that is a

democrat policy. they created that policy and voters know it. it is low or no bail policies that let criminals out. it is the empty the prisons mentality that puts criminals back on the streets. it is the left's war on police that has resulted in five officers shot and killed in the line of duty just this year. it is the let 'em take what they need rules that lets thieves go without challenge. biden leads the party that push for all of that -- pushed for all of that, and he comes to new york to blame guns? he should listen to the mayor of new york speaking earlier this morning after another cop was shot. he said his officers would be out on the street doing their jobs no matter what, despite the disrespect, despite the defunding. and he said, quote, now it's time for lawmakers to do their job. the president really should be listening to that. second hour of "varney" just getting started. ♪ muck. ♪

stuart: liz peek joins me wednesday morning. liz, why are democrats always going after guns, always? >> well, they, they're afraid of going after criminals, stuart. and this is one of the biggest self-inflicted wounds of this white house, in my view. they have completely ignored and dismissed concerns about crime. and, by the way, in a recent economist poll when asked what they thought about crime, 91% of americans said it was either they were very concerned or somewhat concerned about it. i think progressives, and i think joe biden, have the feeling that they're going to insult black voters, one of their core constituents, if they get tough on crime. but interestingly, in that economist poll the number one group that cited crime as a major concern, black voters. because, guess whey why -- why? the crime is not going on on the

upper east side of where i live in manhattan, it's going on in black neighborhoods. it's hurting black kids and black teenagers. this is an outrage, and it's embarrassing for biden to try to tie hissing wagons with -- his wagons with a successful black democrat mayor who, by the way, has much higher ratings than biden right now because he's tackling what people are concerned about a. he gets it. stuart: you may not be able to see this, but on our screen now on fox business we're looking at a live shot of fifth avenue in new york. it's a sea of blue. it looks to me like there are thousands of police officers there for the funeral of the second police officer slain last week. the funeral is at st. patrick's cathedral. this could be a turning point because this city now realizes that our backs are against the wall. crime is out of control, and we welcome president biden. let's see what he's got to say about it, let's see what he's going to do about it. quickly, liz, you've got an op-ed. it says biden's presidency reset

is a dud already, okay? [laughter] make your case, liz. >> well, look, the number one stage in the reset of his presidency according to his comments at a press conference recently was for him to go out and talk to the people. joe biden has this magical faith in his ability to communicate and woo voters. okay, he's got a great smile, he's been popular historically, but guess what? that's not cutting it right now. and, stuart, unfortunately, when he goes out will and makes a speech as he did recently in pittsburgh, it is rambling, it's not very convincing. he was supposed to be there to tout his infrastructure bill and build back better which is still, of course, in limbo because democrats even aren't in favor of it. and it was, it was really a sad speech. i mean, it was like a trip down memory lane. it certainly was not the kind of speech that's going to get voters out. and, by the way, once again democrats in that area, democrat

politicians declined to be there to join mihm him -- join him, declined to be present even though traditionally, obviously, you would attach yourself to the president making a local visit. but democrats are scared to death that joe biden's going to anticipate their candidacies particularly in swing states like pennsylvania. stuart: i wonder if aoc will be with the president tomorrow. you're not supposed to say this, but only time will tell. see you again later. >> thanks so much, stuart. stuart: i love this news. several colleges dropping covid vaccine requirements. wow. which ones? lauren: virginia tech, university of virginia and george mason, and george mason will also lift its mask mandate on campus march 4th. something else is happening in virginia. today, success, a budge -- 1:00, a judge is going to hear an affecter from seven school boards trying to block the new

governor, glenn young kin, his ban on mask mandate kates. i think reaction from apartments is giving universities cover -- parents is giving universities cover. they're vaccinated, you don't have to require it. stuart: they're the least vulnerable group, and why they're running around in masks indoors and outdoors -- lauren: and colleges, like for the younger grades, this is where you with find who you are, right? it is such an an experience. and to have to be stuck in your dorm room wearing a mask when you go out, it's not right. stuart: most college students have not had a college experience. they've missed the university experience which, to me, was priceless. lauren: i know. stuart: you too. lauren: i wish i could go back. freedom. [laughter] stuart: markets in the green across the board, and the nasdaq's gone back to a gain of 112 points. who's here now? if bullish brian belski. if brian, are you still bullish, still saying no bear market,

still saying upward there here? still saying 5,300 on the s&p by the end of this year? >> still bullish, still green, and the skies are still blue, stuart. [laughter] thank you so much for having us. you know, the markets were humbling in january. it's never good when you lose clients money, and it was sad. but sometimes, you know, you have to be humbled in life and you have to be humbled in business. i think the markets humbled investors in january not unlike ourselves. but at the end of the day, we are investors. we are faith-based investors because in our business fundamentals are faith, and we think fundamental construct of the united states stock market remains in very good shape. and i think the market is -- i know the market is transitioning into more of a fundamentally-driven market where earnings matter, and earnings have mattered again this earnings season. and that's why the market recovered, and that's why the market reversed last week. stuart: well, you've got the s&p now at 4,500, and you think it's

going to 5,300 by the end of the year. that is another spectacular gain if you're right. >> it is. and last week we received a lot of heat, obviously, for p maintaining that target. but look how much the market's gone up in the last week or so. and we still have well over 200 days of trading to get there. that's kind of number one. number two, the second derivative, meaning less positive in terms of earnings, price, inflation, that trend is on. it's going to be very difficult for the market to gain 30% or almost 30% like it did last year, 27% to be exact, but we'll take a high single-digit, low double-digit return. and the recipe from a longerrer term perspective, stuart, remains positive for stocks. lower long-term interest rates, double-digit earnings growth in an environment with respect to gdp that is stabilizing. stuart: okay. >> so we think the environment from a longer term perspective remains very positive.

stuart: terrific reports from apple, microsoft and google. this afternoon it's meta platforms. what are you expecting? >> our great analyst still likes that stock a lot. i think it's going to follow through with respect to the communication services industry. remember, those three other stocks, this is where america's spending their money. and as you know, two-thirds of our economy is the consumer. those big tech and communication services names are the new consumer staples. so we think the consistency of the earnings within those names will continue. stuart: okay, we hear you. ing still bullish brian belski. 35300 on the s&p 500 been 5300 on the s&p by the end of the year. >> thank you. stuart: lauren's going to join me to talk about capris holdings. i can't remember what they represent. >> versace, jimmy choo, michael kors, labels that a lot of women like. they had a good quarter. strong demand, and they raised their annual forecast, and that's what investors wanted to

hear. stuart: do jimmy choo shoes still cost $600 a pair? lauren: i would say that's about right, which is why i don't have any. [laughter] stuart: etsy down 2.8%. lauren: yeah, thanksgiving interesting. they actually -- this is interesting. they actually got an upgrade at ubs which actually cut the price target at the same time by 18%. they see it going to 180 from 215. it's a mixed story, but the stock is down sharply this year as well. stuart: under armour. i think they got an upgrade of some sort. lauren: overweight at morgan stanley, price target, $24. they see improvement in china, improvement with the supply chain, and they think that's bullish for the sock going forward. stuart: all right, put your economist hat on. lauren: it's on. stuart: the economy grew at its fastest pace since 1984, so my economics question to you is,

will the momentum connell in 2022? lauren: not in the first quarter and maybe not at all if the fed does hike aggressively interest rates in the second part of the year. if you look at the atlanta fed real gdp now forecast, this is the gain for this current quarter, .1% -- stuart: that ain't much. lauren: you just gave us the blowout, official numbers for the fourth quarter which was 6.9%, and that's almost what the atlanta fed predicted as well. but you have omicron shutting factories, keeping workers at home, and some economists are even suggesting a potential process in gdp this quarter. it's not a recession by definition, but it could be. it could lead to a recession. if the fed hikes too aggressively and the economy can't handle it. stuart: we get the big jobs number on friday, and some people are saying it could be a negative number because there are so many people at home with covid. lauren: goldman sachs is predicting a decline of 250 --

stuart: exactly. lauren: it could be a return to normal, normalization, but it's a different story than we've seen for the past year. stuart: i wonder how the market would react to the loss of 250,000 jobs if that were to happen? lauren: if it were expected, it wouldn't be a bill dealing -- big deal, right? or if you excuse it because of omicron. stuart: you're a mom in new jersey. listen to this about california. legislators there want to add the covid jab to the list of required inning knocklations for k-12 kids and daycare centers. we've got the report on that one. one democrat lawmaker refusing to meet with any unvaccinated constituents in person. we've bot that too. russia could invade ukraine at any time, but how do we know what putin's really thinking? i'll ask the guy who used to lead human intelligence gathering at the cia. he's next. ♪ ♪

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and take advantage of our special offer of no payments for 18 months. ♪ stuart: we told you last hour that president biden has approved sending 3,000 more troops to europe. that will be on top of the 8,500 he's already committed to. also today britain's prime minister, boris johnson, he will speak with putin. our own steve harrigan is in kiev, the capital of ukraine. steve, the latest from there, please. >> reporter: it's really been a silent act from president putin on the situation for the past month. he broke that silence yesterday in a meeting with the prime minister of hungary. president putin saying that the u.s. is trying to drag russia into a war with ukraine, that the west has ignored security concerns and, basically, russia has been deceived by nato. here's president putin.

>> translator: they said one thing and did another. they basically, as people say, screwed us over. >> reporter: here in ukraine the president has said that if diplomacy fails in this case, the war that would follow would be simply devastating. here's president zelensky. >> translator: i openly say that this will not be a war between ukraine and russia, this will be a full-scale russia in europe. >> reporter: when you talk to people on the streets here even when you get out into the countryside on frozen lakes and rivers, a lot of ice fishermen and women using bits of bread to catch small carp. even when you talk to them, a coming war is on their mind. here's one fisherman. >> translator: if war comes, we will defend our country. i'm not a military person, but i have other skills, and i will do whatever i can to help. i'm not alone in saying this. all my friends say we will defend million the last man

standing. -- until the last man standing. >> reporter: and, of course, president putin scheduled to go to china for the olympic games' opening ceremonies on friday. stuart, back to you. stuart: steve harrigan in kiev, thanks very much. dan hoffman joins us now. dan, welcome back to the program. you ran human intelligence gathering at the cia, so an obvious question to you, do we have good intelligence on what putin is up to right now? >> yeah, well, that's definitely of critical importance to the biden administration. i can only imagine that director, cia director burns is on the hot seat right now. we need to know everything we can about vladimir putin's plans and intentions. i think we're at an inflection point. putin is departing for beijing on friday, the first time he has seen xi jinping in about two years. even though russia invaded georgia during the olympics in 2008, i don't think anyone expects russia to move in the near term.

they are much closer to china than they've ever been, and i don't think they'd want to risk what would be a public relations nightmare by launching a full-throttled assault on kiev burg those -- during those olympic games. stuart: do we have as well as on the troops, what kind of troops, where they're from, the weaponry, how good is it, air cover, that kind of thing? do we have really good intelligence on that kind of detail? >> yeah, we do. and there's a great difference between this crisis in ukraine and previous russian military aggression which was not -- russia did not deploy massive numbers of troops on the border of georgia before their invasion in 2008. or against crimea in 2014. we've been looking at these russian troops since back in april. remember that putin deployed 70,000 troops in april, and then he got a summit out of that with president biden, withdrew some of them but left behind supplies

and lots of logistical capability. so we've got overhead reconnaissance, we've got lots of intelligence, we've got partners in the region. we, i think very well, very clearly understand the threat. that's president zelensky's increased the number of troops by 100,000 in the ukrainian army and why we sent in f-15 fighter jets to estonia. stuart: in your judgment, could the ukrainians, with help from our weaponry, repel a russian invasion? >> i think the general assessment is that russia has great superiority, and that's why every claim that putin makes is quite preposterous. look, nato is a defensive alliance. ukraine poses no threat to russia, it's russia that is posing the threat to ukraine. ukrainians would have to fall back on an a insurgency, and i think that would be costly to putin in terms of spilled broad and treasure, and the ukrainians have made it clear they have

that capability. stuart: is it your opinion -- what is your opinion after the olympics? will putin invade at some point in the future? >> well, he's got a menu of options. he could strike, many believe he should have taken more territory in 2014 than he did. he could blockade the black sea, he could try to launch a coup against zelensky. there have been rumors and some intelligence reporting that that might have been something that putin was thinking about doing. again, i think a full-scale assault on kiev is probably out of the question, and i think putin is trying to exact concessions from the united states. just today we've heard that the united states might be dangling the option of inspections in romania and poland of our aegis defense systems to prove to the russians that we don't have armed tomahawk missiles there. this is still very much in flux right now, and putin is trying to use the troops he's got on the border as leverage to gain

as many concessions as he can. he's trying to extort us. stuart: good last words. thanks very much, indeed, dan hoffman. we appreciate it and see you again soon. >> thanks. stuart: fbi director christopher wray, he's got a warning ahead of the olympics. ashley, good morning, what's he saying? ashley: he says that the threat coming from the chinese communist party is more brazen and more damaging than ever before. take a listen. >> there is just no country that presents a broader threat to our ideas, our innovation and our economic security than china. the chinese government steals staggering volumes of information and causes deep, job-destroying damage across a wide range of industries. ashley: certainly not holding back. wray says the fbi currently has more than 2,000 open investigations into the chinese government's attempts to steal private if information and

intellectual property. the fbi issued an additional warning this week as u.s. athletes prepare for the 2020 beijing winter olympics telling the competitors and their teams to simply stay off social media. speaking from the reagan library, wray also argued that china poses a much greater threat to the u.s. than russia because of its global economic reach and capabilities. certainly mincing no words. stuart: what have you got on this one, ashley, billionaire george soros, he's also warning about a threat from china or china as a threat. what's he saying? ashley: well, he says the chinese president is the greatest threat that open societies face today. and he says the rise of big tech companies have sharpened the conflict between with china and the united states. now,ing soros is a hungarian-american billionaire who has been a mega-donor of liberal causes and politicians going back to the 1980s.

but he says the upcoming winter olympics in china reminds him of another olympics more than 85 years ago. listen to this. >> in a few days, china, the most powerful authoritarian state, will be hosting the winter olympics. and, like germany in 1936, it will attempt to use spectacle to score a propaganda victory for its system of strict controls. ashley: and he also points out, stu, that president xi will be up for a third term to continue what he calls his leadership of swim withation, and that election in china comes up in october. stuart: got it. thanks, ashley. congresswoman maxine waters continues to pay her daughter with campaign cash and has a already paid her more than a million dollars. we've got the story.

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muck. stuart: if you're just joining us, the market's been open for one hour. the dow is down 70, but the nasdaq is up 34, and the s&p is up 10 points. kind of a narrow, mixed market. lauren's looking at the movers, and you start with a big mover which is gilead science. lauren: down 6%. lower sales of rem rem december vir, and then they had to pay flax sew smith klein over a billion dollars to settle a patent dispute over an hiv drug. it's not all bad news, looking at some of the analyst calls they see their strong cancer pipeline as the next catalyst for this stock. stuart: all right. i want to hear about the match part of the screen, up 6%. they run, what is it, tinder? lauren: and hinge.

and hinge is turning out to be the knight in shining armor for the company because that's where younger people typically con can find significant relationships. so it's not a hook-up app, if you will, as tinder has been called. originally, the stock was down. it was down about 4 president in the premarket -- 4% in the premarket because they said omicron is going to continue hindering dating abilities, and they lored their forecast. but then on the call they said, well, hinge is doing really well, and they expect to make over 300 million in paying customers, 100 million more than previously. stuart but hinge, younger people. who caters to older people? lauren: e-harmony? i'm guessing. [laughter] stuart: should we leave it at that? if bath and bodyworks, what's the story? >> dividend hike of 33% and a new buyback plan of $1.5 billion so investors like that. stuart: all right. america's national debt topped

$30 trillion for the first time in history. edward lawrence at the white house. does the white house have a plan to do anything about it, edward? >> reporter: yeah, you know, more spending is what their looking at here at the white house. breaking this $30 trillion mark here happened years earlier than the federal -- than the treasury department had ever projected. now, the reason that they broke earlier than projected is because of all the spending that was done to handle the covid pandemic like the american rescue plan, like the cares act which was mostly not paid for by any tax increases. the federal reserve chairman has long said we are on an unsustainable path. republicans say that now is the time to get this debt under control and no more spending. listen. >> and americans should be concerned about that because that's part of the reason why we're fueling inflation by all this fiscal stimulus increasing demand while we have constrained supply. and biden policies to cut supply like in the supply of oil and gas to power american industry.

>> reporter: now, earlier this month i asked white house press secretary jen psaki about how the committee for responsible federal budget says three rate hikes would increase payments to service the debt by $175 billion a year. she did not talk about reducing the debt though. listen. >> the president is committed, as you talk about spending, to fiscal responsibility. and end suring that our long-term investments are fully paid for. that's why he has proposed a range of ways to pay for his build back better agenda and why it's fully paid for and would still lower the cost for americans on prescription drugs, childcare and many other issues. >> reporter: the white house talked about spending going forward, nothing to reduce the current size of the debt. back to you with. stuart: edward, thanks very much, indeed. look who's here now, senator mike braun, republican from indiana, who has a thing or two to say about debt, if i'm not mistaken. let's jump right into it,

senate. you've got $3 trillion right now worth of debt for our country. do you see a debt crisis coming soon? if because we always talk about it. >> no doubt about it, stu. and let's put this in perspective. i've been here a little over three years. when i got here in jalapeno of a oh -- january of '19, 18 trillion. that was approaching record levels. we came out of world war ii the heaviest in debt as a percentage of our gdp. we were savers and investors, now we're consumers and spenders, and i debated bernie sanders on the floor -- look it up, braun/sanders on youtube, dismissing all of this through the modern monetary theory. it doesn't make any difference. stu, this is an example of sticking your head in the sand. republicans have been part of the issue up until the recent spending spree. i'm one of the few that talks about a it all the a time. you feel like you're talking to the side of a barn. americans need to be aware of

it. in the long run, this will take us down. stuart: now, senator manchin says that build back better is dead. that would seem to me to be helpful towards the debt, because if we're not going to be spending, what, $4 trillion, we might be able to get a bit of a handle on the department can. do you see it that way -- on the debt. >> you know, i think he holds so much power, he is one of the only kind of fiscal moderates, conservatives in the democratic party. he's been clear. of course, the administration is trying to build back better which is big in its original form and break it down into smaller pieces. manchin says we're not even doing that. stu, we haven't even done our spending, i'm an appropriator, for the year that ended last september. and we're doing trillion dollar deaf the sits that are now closer to -- deficits that are now closer to 1.5 trillion with the new deficit baseline into our pending. this place, you know, is

shameful in terms of how it's run by the seat of its pants. finally guys like me are going to maybe start to resonate because sooner or later the chickens will come home to roost. stuart: my colleague, larry kudlow, suggests that the way forward is to cut taxes and cut spending. that releases the economy and probably lores the deficit. would you agree with that? >> i'd agree. we tried that back in the reagan years but didn't have the fortitude to cut spending. stuart: true. >> it's easy to increase spending and lower taxes. political will, discipline, backbone is needed to actually cut spending. stuart: yep. >> even conservatives come here to the federal government trough wanting more money for their pet projects. that's especially disappointing. sooner or later we'll run it into the ditch and have to do it. stuart: it is the nature of modern politics, i'm afraid to say. senator, thanks for being here today. >> you're welcome. institute tooth yes, sir. now this: congresswoman maxine waters has been paying her daughter with campaign cash

since 2003. how much money are we talking about, ash? ashley: more than $1.2 million, stu. that's how much karen waters has received from her mother to her and her company, progressive connections, for campaign-related services. now, according to a review of federal election commission data by fox news digital, the payments range from the hundreds to the tens of thousands of dollars for a variety of costs including slate mailing fees, campaign managing services and even a band for a holiday party. now, other members of the waters' clan have also benefited from the congresswoman's long tenure in congress. all the way back in 2004 the l.a. times revealed that the waters campaign had shelled out more than a million bucks to other family members over the previous eight years. spread the wealth, i guess. stuart: it is an intriguing story, and i've not dug into it. ashley: yeah. stuart: we've got a democrat lawmaker refusing to meet in person with unvaccinated

constituents. who is it? ashley: yep. congresswoman terry sewall of alabama. they will not hold in-person meetings with people yet to be fully vaccinated. the lawmaker says proof of covid-19 vaccinations are required for every in-person or in-office meeting, and that means that many of her constituents could be out of luck if they want a meeting. according to the cdc, only 49.5% of alabama residents are fully vaccinated. sewe will ll has spoken out about people who are hesitant to get vaccinated saying she understands the distrust of the federal government but says the vaccine has been rigorously -- i cannot say it -- rigorously tested. she says it is safe, it is effective, and it will protect you and your loved ones. but if if you haven't had the full vaccinations, you can't go and meet her. stuart: and the congresswoman is a democrat, i believe, is that correct? land. ashley: yes, she is?

stuart: we missed that vital point out of your report, ash. ashley: i'm still trying to say rigorously. [laughter] stuart: keep trying, son. i've got this one for you, abc has suspended whoopi goldberg over her comments about the holocaust. we will have details shortly. 100 million people in the path of another big snowstorm. janice dean of will have the forecast. all of that next. ♪ ♪ ♪♪ care. it has the power to change the way we see things.

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i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones muck. stuart: winter storm alert, here it comes. , from pretty bad storms expected to a bury the midwest in snow and ice. janice dean is going to give us the forecast. go, janice. >> yes. the groundhog was right, i

think, six more weeks of winter. temperatures are cold where we have this arctic cold front that is moving across the plains states, and along that front is where we're seeing a myriad of different weather. we've got snow, ice, heavy rain, the potential for severe storms later on. but the winter weather alert stretches from the southwestern rockies through texas and oklahoma, up towards the tennessee, ohio and mississippi river valley. where we have ice storm warning, that doesn't happen a whole lot, it means accumulating ice on the roads and power lines, and that means travel is going to be crippled in these areas, and we're going to have the potential for power outages when all is said and done. the threat for glaze or icing -- we can deal with snow, but when you're talking about a quarter to a half an inch of ice on the roads and power lines for millions of folks here, this is a dangerous, potentially crippling storm system, and that's why people are urged to watch your latest forecast details. fox weather.com, we've got a great app that you can go online, and it will give you

your latest forecast details right here and know. forecast for snow, anywhere from 8-12 to 18-24 inches, so quite a wallop in terms of snow. but again, it's where we have that cold front interacting with this gulf moisture and freezing on contact once it falls through that freezing layer, that's what we're worried about, and that's what's going to cause major problems for people out on the roads. so the storm timing, happening right now through thursday evening. ice, snow and flooding impacts which is something we haven't talked about, but along the gulf coast you're going to see the potential for flash flooding and along the northeast coast as well because we think the temperatures are going to be too warm for snow. so thursday and friday this will be a heavy rain event and, of course, travel disruptions already happening, and we will see significant power outages across some of those big cities in the southern plains, the central plains, ho -- ohio, tennessee and mississippi river valleys. back to you.

stuart: i'm saw glad we came to you for that forecast. [laughter] it's good to know. let's go to chicago. grady trimble's keeping an eye on flight delays, cancellations. what do you have for us? >> reporter: it's not good, stuart. across the country more than 1500 flights and counting canceled already, more than 700 flights have been delayed, and o'hare has the most delays by the number of flights. looking up at the departures board here, you see more yellow and red than on-time flights, and we'll show you why. we've got our camera outside of the american airlines terminal here, and the snow is still coming down. my professional opinion is that it's a good day to stay merchandise, but our photographer, dino, was kind enough to step outside and give us that shot to show you why the airports in the midwest are dealing with cancellations. st. louis has more than 150 flights canceled. that's about 78% of all of their

flights. in detroit about 20% of flights canceled, problems in denver, at chicago's midway airport, kansas city, even the big texas airports like dallas/fort worth and houston have cancellation ares and delays today. that's to say nothing of the roadways. it was a pretty sloppy drive on the way in to the airport this morning. the plow crews are out trying to take care of this snow, stuart, but it just keeps coming down, and it's expected to throughout most of the day today. so not a good day to be on the roads or in the sky. stuart: again, what a great report. thanks for all of that and how good it is to come to a guy who knows what's going on. grady trimble, thank you very much, indeed, sir, in chicago. all right, quickly to the markets. i'm looking at the nasdaq in particular. still up pretty solid, a 50-point gain there, modest gains elsewhere. coming up on the program, border patrol chief raul ortiz admits morale is at an all-time low, but he stopped short of pinning

the blame on the president. roll tape. >> chief, you admitted that morale's at an all-time low at cbp. are president biden's policies to blame for that? >> no comment. stuart: yeah, that was a big no comment to hillary's question. my question is, how much more of this can texas take? texas congressman roger williams is on the show coming up. public defenders in the seattle area trying to end jail bookings for sex offenders, car thieves and others. jason ranlts has that story next. ♪ i like me better when i'm with you ♪♪ ♪ feel stuck with credit card debt? ♪

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as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable nationwide network. with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities.™ stuart: markets largely mostly higher. nasdaq's up 46 points as we speak. let's get to seattle; that is, king county. trying to end jail bookings for sex offenders, car thieves and other crimes. jason rantz, our seattle guy, is with us now. surely the sex offenders, that doesn't include rapists, does

it? >> it is absurd. king county department of public defense and some activists are using omicron to try to shut down these jails, and what they've been saying is due to a lack of staffing, mostly in the jails because of the vaccine mandate firing a whole bunch of folks, but they've had staffing for a while now. they're basically saying omicron is spreading within the jails, so we should not book anybody. before they get in front of a judge for a first appearance or, you know, in the interim and develop just failing to register sex offenders, car thefts, home burglaries, those who have a fugitive warrant. they're just using omicron -- they've always held this position that we shouldn't be putting people in jail. stuart: let me just straighten this one out for a second. they have a mandate that jail officers must be vaccinated. some of them are not vaccinated, so they're fired or let go. so there's a staff shortage in

the prisons. so the courts turn around and say, well, we can't -- we don't want to put people in prison, so we won't put people in prison, and we'll use omicron and the staff shortage as an excuse. filling their basic policy using omicron as an excuse, that's what they continue to do, right? >> yeah. i mean, effectively. not all judges hold this position, of course. and, actually, in this case the king county prosecutor's office has come out against this particular proposal from these activists saying,fect ily, look, the people who are in jail right now, these are prolific offenders. and the truth of the matter is they rarely put anybody in jail. so for you to get there, there has to be an exceptional a reason as it relates to public safety threats, and they're saying, yeah, the folks here, these are folks who have sometimes decades-long history of reoffend oring, reoffending, reoffending and very clearly not stopping, so they need to be put in jail. stuart: so it's pushed by activists.

what -- how will the activists make it happen? are they on the city council or something? >> well, what they did yesterday was they showed up to a county council meeting that pretty much no one knew was going on. and so what they do in sort of coordination with other organizations, they show up to the public comment, then they're the only ones who speak because most people e coarchlt know -- don't know that there's a meeting going on at 9:30 a.m. yesterday. and you've got council members on the council who say, oh, this is an accurate reflection of the community. these are activist council members who are kind of already aligned politically with them. it is a total sham. i'm hoping there's enough pushback once people realize the actual conversation we're hag here because failing to register as a sex offender, if that's the person you're going to die on a hill for to keep them out of jail. stuart: you know, you really should consider moving, jason rantz -- [laughter] whilst you're there, you can report from seattle for us. appreciate it.

see you again soon. still ahead, martha maccallum, senator bill cassidy, congresswoman victoria sparks who actually grew up in the you crane, and texas congressman roger williams. johns hopkins university just released blockbuster research that calls into question the whole idea of lockdowns and restrictions, telling us what we did wrong back with then and what we're still doing wrong now. that's the theme of my take which is next. ♪ ♪

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>> if you piecemeal the different pieces of build back better it requires 60 votes in the senate. our debt continues to balloon. if you had pieces bernie sanders and president biden want it will make our deficit and it worse. i think it is dead. >> democrats are scared the president biden will taint their candidacies in swing states like pennsylvania. >> i wonder if bureaucrats, state and city leaders who

women's a lockdown will apologize to small business owners who lost their dream. you need trust with the american people. because of their policy they lost that trust. >> this is nothing but a bear market bounce. i am happy because investors are getting an opportunity to reassess risk and take some off the table. >> the shadow i have cast, a long, lustrous, 6 more weeks of winter. ♪♪ ♪♪ i got you baby ♪♪ stuart: that is the groundhog day song. it plays every morning at 6:00. what is the name of that actor? bill murray. bail me out. i had a senior moment right there. it is groundhog day. punxsutawney phil says we will have 6 more weeks of winter.

there is the new york city groundhog and it predicted early spring. conflicting reports. that is what you take for getting a weather forecast for me varmint. check the markets. i see green except for price movement, dow is down 12, s&p up 13, nasdaq up 7, not much movement. show me big tech and i will show you the stock of the day, google up $178, it had been up 10%. i will call that the stock of the day. now this. since the pandemic started the go to place for covid information has been johns hopkins university. they released research the calls into question the idea of lockdowns and restrictions as an effective public health

policy. we find no evidence lockdowns, school closures, border closures and limited gatherings have had noticeable effect on covid 19 mortality. all those restrictions did not cut the death rate. in the omicron wave they did not slow the spread. the researchers say the lockdowns and closures contributed to reducing economic activity. unemployment, reducing schooling, contributed to domestic violence, undermining liberal democracy. hard to find a more damning indictment of our covid policy. this research should be read and studied at all levels of government especially democrat state governments who maintain mask and vaccination restrictions. it vindicates republican governors like abbott in texas and desantis in florida. they opened up early and while harshly criticized ford, johns hopkins vindicate to them.

this research is of extreme importance. it tells us what we did wrong back then and what we are still doing wrong now. third hour of varney straight ahead. martha maccallum joins me in new york city. i think this is a bombshell report. seems to me to be saying the whole covid policy was wrong. >> there were a lot of people come i'm not a scientist, who had a good feeling about this. that the lockdowns were not going to be effective. you see it when you look at different patterns across the country. they ended up with a similar number. i think it is fascinating they go back to the 1918 research. so many similarities between

this one and that one. reports from the 1918 pandemic indicate social distancing measures did not reduce that. we have better maps and all of this. the problem is there wasn't enough input from both sides. at the end of this, let's never do this again. we should never debate public issues again. people who argued about that were censored, denigrated by the media, marked by establishment scientists who are anti-science. to speak freely if it is to function properly. stuart: will any politician say we were wrong, sorry? >> got to wonder what goes

through the mind of donald trump and mike pence when they read this. no doubt the gut was to keep things open. then doctor fauci saying if you don't lockdown this country you will have millions of deaths. a moment i don't think anyone can be prepared for. this study, really to encumbrance of studies since the beginning. they haven't done them. stuart: johns hopkins is the go to place for accurate covid information. they clobbered the covid policy. this is good stuff. abc. they have suspended the view cohost will be goldberg after controversial remarks about the holocaust. >> the holocaust isn't about race. it is about man's inhumanity to man. it is about race because hitler and the nazis considered jews

to be an inferior race. words matter and mine are no exception. i regret my comments and i stand corrected. stuart: we have reports her cohosts are furious that she's been suspended. >> i can only wonder what it would be like if she was on a different foot or different person who said something like this. as a matter of course, apologies need to matter more. needs to be okay, to apologize and stand corrected. to recognize your error and move on with life. i stand on the side of allowing people to apologize. we haven't seen enough of that, we will see what happens. stuart: always a pleasure. we will move on. wait a minute. we are not done.

happy birthday. >> look at that! skiing in colorado. absolutely beautiful. i love being out in the winter. i want the groundhog to give six more weeks of winter. i love outdoor winter sports. i don't mind winter. i love florida too. stuart: hold on. jeff is a -- zucker has just resigned. >> that has been talked about sometime. interesting development. stuart: just tweeting this out. >> i assume it is legit. stuart: thank you very much. the market rally. the s&p is up, the other

indicators are down. mark tepper, i want to talk about spectacular earnings. what happens with meta-tonight? >> what you are seeing, at the expense of smaller countries. google had unbelievable numbers, alive and well, when it comes to meta-tonight. we are talking digital ads. meta-pushed all its chips in so they changed their name from facebook to meta-blooge we know how investors feel about stuff that makes money in the future. investors don't like that.

that the head wind for meta-blooge same thing with apple. on apple's iphones, there is no evidence less tracking for facebook. that takes facebook's secrets and throws it out the window and most and dollars go towards google. why google performing very well. stuart: you will stay with us for the hour. 30 seconds to update the story on jeff zucker who has resigned as president of cnn. due to a relationship with a coworker revealed as part of the cuomo probe. jeff tucker resigned because of the relationship with the coworker. let's get back to the markets. i'm looking at paypal which is down 25%.

a claim by. >> wall street is reassessing after a bleak forecast, half of the wall street expectations and they lost ebay, that could be a $600 million hit, down 56%. stuart: what do you have an disney? >> disney workers must be vaccinated, guests don't have to show vaccination and the story of will be goldberg with abc, the parent company, suspending her for two weeks. stuart: what about nvidia? lauren: rallying with amd and raymond james adding them to the list of analysts current favorites. their growth can be found nowhere else that we don't see that slowing down anytime soon. facebook bill use their chips for its new ai computer. thanks.

one state building a road that can charge electric cars as they drive on that road. senator joe manchin says build back better is dead. >> reporter: don't know what you are talking about. it is dead. stuart: senator bill cassidy is here to respond to that. california could require all students as young as kindergarten to get the covid jabber. medical professionals pushing back. we have the story. ♪♪ for one year of epic adventures... in a new dodge hellcat... and you don't even have to quit your day job. dodge has created the sweetest gig ever - aka chief donut maker.

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stuart: we are learning about a big story, jeff zucker just announced his resignation to a stunned cnn. as part of the investigation into chris cuomo he was asked about a relationship with a colleague. revolving recent years. he was required to disclose it but he didn't. admitting he was wrong. he is gone. he was the man who ran cnn. the state legislature in california pushing a bill that would add the covid vaccine to the list of required jabs in k-12 schools and daycare centers. has there been pushed back to this? >> reporter: absolutely. we are seeing mandates get knocked down across the country. parents are responding to government overreach.

this legislation would remove the personal believe exemption and set a precedent for future vaccines. lawmakers say it's the way for schools to remain open and safe. this bill sponsored the, quote, my legislation will give parents uncertainty their child is unlikely to get sick. the school will stay open during covid. opponents are to buying it. kids accounted for 0.one% of total death. children can catch and spread covid. many are actually vaccinated. they are anti-mandate. opponents argue required vaccines run the market longer than covid 19 before being mandated. chickenpox took 5 years. the m m are vaccines took 30 years. years of testing and data to understand side effects. it was challenging. this is uniting parents across party lines infringing on the

right to choose. >> a new vaccine. it doesn't have long-term studies. no planning to give to my children until the safety and efficacy has been studied further. it is not something that should be mandated. and should not be mandated without allowance for personally exemptions. >> reporter: sharon told me they knocked down a smaller mandate and parents prepared to take legal action if it does pass. what happened is important. a hint of the same thing happening in chicago. lots of pushback and frustration. stuart: glad to hear it. come on in senator bill cassidy from louisiana. you are a doctor and senator. what do you make of this proposed california deal which would the nations kindergartners?

>> a lot of vaccines are currently required of kindergartners. this is the way a mandate should work. shouldn't be the federal government pushing it down but state officials and local officials. parents have more information. pre-matriculation requirements, mumps, rubella, etc. we are comfortable with that. the state better do a better job making parents comfortable with covid and explaining the rationale. stuart: we had this report at johns hopkins. johns hopkins is saying all those lockdowns and closures did not affect the death rate from covid. this is wrong. bad public policy. are we beginning to see the end of these top-down mandates? >> i think so. we didn't know what we were doing going in.

folks are now learning. to the degree we learn something works, think about doing it again if situation requires. if something doesn't work toss it out. that is the whole thing about the pandemic. we are learning on the fly. that's the new norm. stuart: public schools have failed during the pandemic. do you have a solution like school choice? >> absolutely. if a parent can't get their child educated in public school even though the teachers have been vaccinated and billions to protect everybody they should have the choice of the child going to another school which happens to be open. this should be market-driven. the student and parent of the student first not the vested interest that are pooling paychecks for never showing up. stuart: with you all the way. senator joe manchin had this to

say about build back better. roll it please. >> there is no, don't know what you're talking about. no, it's dead. stuart: build back better is dead. will democrats admit that it is finally over? move on? >> the fact they haven't talked to manchin means they aren't serious. with inflation raging at 40 year highs and then attempting to pump trillions more to make inflation worse, it better be dead. i think it is good that it is dead. there's better policies that can achieve better ends that don't drive up inflation. stuart: oil hit $90 a barrel this morning. energy price inflation. that is good news for the louisiana. your state which is an energy state. >> it's good news for the state. there is a sweet spot. you want to encourage

production but don't want people to pay so much they can't afford to drive to work. a direct result of the biden administration assault on americans pocketbooks attempting to limit oil and gas produced in the us. we will use less and it is better for the environment overall. we just imported from russia and saudi arabia. it worked really well. another example is failed policy. of the one you just covered four major areas in 3 minutes and that is brilliant. the governor of michigan, announced a new electric road system. look who is back, mark tepper himself.

the burgeoning future of electric vehicles? >> it's a prequel technology. you get to drive down this road your car charges when driving. no one will be driving on this road. it is a parking lot. it takes eight hours to go from 0 to four in an ev. we need fossil fuels to build it and power it. they are the future. the all the question is when and the biggest roadblock for faster adoption of evs is lack of charging stations. the infrastructure has to be built. conceptually this is cool. in the real world you have a lot of work to do. stuart: stay there. we've got more for you right now. nearly a year since the deep-freeze left millions without power in texas. the state is preparing for

another winter storm. with the governor is saying about power grid. victoria sparks is an immigrant from ukraine. she joined me next with an update on the russia tensions. and what she wants president biden to do about it. 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. there's a different way to treat hiv. it's once-monthly injectable cabenuva.

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stuart: a band on the road. chicago, snowing, 24 degrees. don't forget to follow us on spotify. let's get to this breaking story. jeff is a has resigned as president of cnn. that is blockbuster news. >> details on this relationship, the chief marketing officer of cnn, andrew cuomo, the brother of chris cuomo, fired from cnn for supporting his governor brother and helping to stave off sexual harassment allegations. the in and lost jeff zucker and

they had an affair they never disclosed until the investigation into chris. that is resigning after nine years on the job calling into question the new direction of cnn and who knew about this affair. cnn staff, they feared reprisal if they said anything but it shows some hypocrisy because a initially supported chris cuomo. the network star, she works for governor cuomo. stuart: there is a connection, clear conflict of interest. >> never disclosed until it had to be disclosed. she keeps the job, zucker is out. stuart: extra ordinary stuff. i will segue back to the markets. now is down, nasdaq up 7 points. change in direction for the markets.

welcome back, now they are up 7%. what did she say. >> up 7%, google the biggest contributor to the s&p, and and and brought better than one application. you can export how to contribute to the ecosystem and add value. one way of doing that is the cloud team is investing in ways to support their needs by transacting or restoring value to crypto currency. there are reports the google

cloud cut accept crypto, and and $3,000 to 140. bring up the analyst board, 14 analysts raising their price targets on stock, looking at 3450 and above. the highest in two weeks. stuart: it was 38 grand. now it is 37 grand. thanks very much. back to politics, russia, ukraine. a congresswoman born in ukraine, she got back from that country and met with president zelinski. victoria sparks is with us. president biden approved of sending another 3000 troops to europe on top of the 8500 he already committed. what else do you want to see the president do?

>> president biden needs to say what he means and mean what he says. he needs to decide where to draw the line and send a message where we are going to stop russia. if you listen to president putin he's talking about pre-1997 nato, poland and check republican baltic countries and hungary. this can have serious consequences. we need to be serious and have discussions with china. china at the un security council joined russia and china needs to understand they can't just hide behind-the-scenes. if we are going to have sanctions they will be a factor too. stuart: a large part of ukraine's population is of russian heritage, 40% if i am

not mistaken. is ukraine united against russia in the event of an invasion? >> haven't been in country for a long time. when you have a foreign aggressor, to enter the country, thousands of young kids dying, if you think about it, the founder of moscow, unbelievable to see what is happening in ukrainian people on the ground are tired and went still, prosperity, and democracy. they are willing to fight and die for freedom. president putin underestimated the will of the ukrainian people. stuart: how about this for scenario? putin could install a pro russian president replacing

zelinski. what would be the reaction from ukrainians? >> i don't want to think about hypothetical scenarios. people are tired of oppressive government. in ukraine it is between west and east. there is no threat to russia, that ukraine is going to be with the best. with freedom, not suppression. a lot of and did die. stuart: do you think that in will invade ukraine. will across the board with his tanks? >> a very bad mistake.

and and the past memorandum, in eastern europe, they need to think how big they are helpful in ukraine. stuart: i know it well. victoria sparks, republican indiana. thank you for joining us. 170,000 migrants were apprehended in the southern border in december. 45% came from mexico in the northern triangle. what does that tell you about cartels going global? texas has 90,000 jobs in february of 2020. without draconian restrictions, the report coming from the lone star state. ♪♪

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>> a substantial interest will next few days that will be in the state of texas for the major of the week. >> we will strive to achieve what we are prepared to achieve, that the power will stay on across the state. stuart: that was the governor of texas, greg abbott. not a severe the one that happened last february when millions lost power. this cold front will lead to freezing temperatures and icy roadways. the governor says we can cope. back to that bombshell report from johns hopkins university. it shows lockdowns and closures

have little -- texas open for business. >> we been reporting forever, you are the headline grabbing stories. it is more than that in texas when you talk to small business owners. talk to small business owners, >> people coming in droves, with the tesla factory coming in an ancillary stuff. we are in a good growth trajectory. more as they are available. >> reporter: they make all kinds of statues of the company.

we see how they do it which is a fascinating process in many ways. his companies a perfect example. he's trying to higher in the labor market. before the pandemic 28 workers. now it is up to 38 and expanded. his office overlooks the state capital at the texas association of business that the state has always been attractive because it has no state income tax but pandemic policies took that to a new level. >> people and businesses know if they come to texas they will stay open. there is always that threat if it is a pandemic. they can be closed down regulated out of existence. >> numbers back him up. 3 million fewer jobs compared to before the pandemic. more jobs than before the pandemic.

28,000 more jobs, arizona, idaho and utah are the three in a similar position. stuart: opening up worked. elon musk says his 2018 tweet about plans to take to the private was, quote, entirely truthful. in a court filing his lawyers say sovereign wealth fund agreed to support his attempt to take the company private. back to mark tepper, this tweet started a firestorm on social media in 2018. what is your reaction to this? >> reporter: the funding secured tweet. he has to legitimize that tweet. it is interesting. saudi arabia hedging their oil bets with the biggest easy automaker in the world makes sense to me. they have the second most oil

reserves, second producer. oil makes 90% of their revenue. it makes sense to me. if this is true, he's not going to get in trouble. stuart: it could come up but sounds like it could be true. he said he would take the comedy private at $400 a share. he got finance lined up. now we find out it could be he is telling us the truth the whole time. he had a target on his back. stay there. more is left, i am not done with you. show me the dow 30. half of the dow 30 up, half are down. the border patrol chief ignored hillary vaughan when she asked about low morale. >> morale is at an all-time low. president biden's policies to blame for that? >> no comment. stuart: no comment about the

chaos at the border. roger williams, that is a border state, will take on next. ♪♪ ♪♪ ♪ ♪ ♪ ♪

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stuart: we have reported on the tense exchange between border agents and raul ortiz. hillary vaughan asked him about it. >> reporter: you admitted that morale is at an all-time low it cvp. our president biden's policies to blame for that? >> know comment. >> reporter: thank you. stuart: sounds out of breath trying to catch up. roger williams, republican from texas, the border is a major issue in your state. suffering mightily. how much more of this can texas take? >> it's the major issue in texas the texans are trying to build a wall. but you can't help but see we have to million people in the country who got over here

illegally. in december alone we had 178,000 confrontations. multiply that by 12, it is a real problem. we didn't have it under donald trump. president biden created a new situation. one on the screen we have a statement. border patrol reports 45% of all migrants who came across the border in december. came from countries other than mexico and the northern triangle. that tells me the cartels are funneling people to the border from all over the world. they are running a global business. >> no question they are running wild. we know fentanyl is destroying young women in this country. they are in control. border patrol is overwhelmed and it is not people like you

said coming from mexico for seasonal jobs. they are coming to hurt america and hurt americans. stuart: fox has been reporting on this for a long time since president biden became president. nothing has ever been done. nothing. we are trying to figure out why has nothing been done. the answer is they want an open border. what do you say? >> they want open border. you wonder who is the enemy. 8500 kids to ukraine, we ought to send 8500 troops in the texas border. it is by design. you have a border czar who has never been to the border. you ask why. then they are moving people around with the rest warrants. ankle bracelets. we forgot 9/11? it is by design. stuart: the white house support permanent legal status for family separated at the border. what do you make of that? >> that's wrong. if they are separated at the border we need to get them back

with their family. we want people to realize the american dream but realizes legally, not illegally. go through ports of entry. does no good to invite people over here to break the law. that is why we see crime in the streets. a lot of it is coming from the border. stuart: i believe america is the greatest country for the world. it doesn't feel like the greatest country in the world. >> totally agree. enemies don't fear us, friends don't trust us. we have crime in the streets. drugs, people tearing stages down. it's not the best of the best. we can get it back but we have to have leadership the realize the american dream is illegally. you need law enforcement and borders and sovereignty. stuart: great to have you with us. congressman roger williams republican from the great state of texas. quick check of general motors.

they expect a boost of production. as the chip shortage improves. they say the shortage held back deliveries in 2021. there forecasting predicts car production to be at pre-pandemic levels in the second half of 2023. they decided to pump more money into electric vehicles. they will open an electric truck plant and electric car battery plant in the future. stock was up early in the day. it is down 3.5%. check overall markets. now is down two, nasdaq down 22. s&p down 13. not like the sessions we have been having recently. i don't see much volatility in the indicators now. almost 11:55. time for the wednesday trivia question. which year did punxsutawney,

pennsylvania celebrate the first official groundhog day? mark tepper will join us shortly. see if he knows the answer. i have made my guess already. a, do i smell delicious. i'm calling your name. doug... doug. and if you don't have the right auto insurance coverage, paying for these repairs may be tough to swallow. get allstate and be better protected from mayhem for a whole lot less. . .

knowing where you came from, it gives you a sense of “this is who i am”.

oh my goodness... wow, look at all those! you get hungry for more and then you're just like, “wow, i'm learning about my family.” yeah, yep. which one, what'd you find? lorraine banks, look, county of macomb, michigan? look at grandma... hey grandma! unbelievable. everybody deserves to know who they are and where they came from. ohhh...cool. this whole journey has been such a huge gift for our family. stuart: you got time to think about this one. which year did punxsutanwey, pennsylvania, which year did the town celebrate the first official groundhog day? mark tepper still with us.

you have four choices, mark. pick one. >> this one is tough. i'm completely clueless here. i'm going to go with number 3, 1887. total shock in the right. stuart: you are right. that was my best. 140 years for the celebration. cut 140 off 2022, there you go. i didn't think there was supposed to be any math on this program, evidently there is. punxsutawney phil saw his shadowy means six more weeks of winter. the rodent we use in new york city, he didn't see his shadow. he thinks six more weeks of spring. you got that, mark tepper? >> there was only six more weeks in cleveland, would be thrilled. it snows here in may, stuart. i will take six weeks. stuart: you can always move,

son. you can always move. we always appreciate it, mark. come back to see us soon, please. i want to bring up breaking news, jeff zucker resigned from cnn as part of investigation with chris cuomo. he was asked about a relationship with a collegue. he had knowledge of a relationship. he was required to disclose it he did not. zucker is out. time is up for me. david in for neil. david: charlie will talk about it in couple minutes. he has the inside story exactly going on at cnn where their ratings plummeted the last year-and-a-half. stuart, thank you very much for the toss. good afternoon, everyone, i'm david asman in for neil cavuto ahead. knew since we'll get a lousy jobs report on friday so here is the question, is the white house going to cry emergency and more spending is needed to address