tv Varney Company FOX Business February 18, 2022 9:00am-12:00pm EST
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automatic spot with his team, but they made it. last night his driver qualified, so he'll have an interest on sunday as well, another one of these celebrities. with interesting to watch. maria: connell mcshane, thank you so much. real quick market check, we have reversed earlier moves almost entirely. the market is almost positive right here. dow industrials down just 15, s&p up a fraction, nasdaq up a fraction. headlines coming out of the munich security conference, rising tensions in the donbas region in russia. "varney & company" begins right now. stu, over to you. stuart: all right, good morning, everyone. new developments in the russia-ukraine situation, here we go. president biden says a russia invasion could come, quote, in the next several days, end quote. more fighting reported in ukraine between russian separatists and ukrainians. this follows the shelling of a kindergarten yesterday. putin this morning announced russia would launch ballistic
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missiles tomorrow as part of their ongoing exercises. putin himself will handle the missile drill. vice president harris is meeting officials from ukraine and and germany. she's in munich today, and secretary of state blinken will meet with foreign minister lavrov next week if there are no further military moves. all of this sounds ominous, but the market is not, so far, following yesterday's huge selloff. that selloff was because of the war talk. as of right now looking at the futures market, the dow is down, what, about 11 points maybe. it was down 600 yesterday, the worst day of the year. the s&p was down 2% yesterday, a fractional gain maybe at the opening bell this morning. the nasdaq also down 2% thursday, in with a sr., very small gain at the opening bell this morning. again, no idea how we're going to close. bitcoin is down this morning, barely holding the $40,000 level. there's still a flight to the safety of the 10-year treasury. that is still below a 2% yield.
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in fact, it's falling down to 1.94%. a word of caution, please. here comes the weekend. there are some investors who just don't want to own stocks when the markets close, and anything might happen in ukraine. it'll be interesting to see how this market closes this afternoon. all bets are off as of now. it's going to be a big show for you, that's a promise. we'll show you the civil war within the democrat party following the landslide defeat of those three radicals on san francisco's school board. here come the american truckers. convoys organize from ohio and california to arrive in d.c. on march 6th. if we'll look at the latest covid variant. it's called ba-2. it's spreading fast in asia. and you'll see hillary clinton trying for a comeback. she's brushing off the durham report and railing against trump, but she appears of to have learned her lesson. she didn't use the word deplorable, not even once. friday, february the 18th, 2022. "varney & company" is about to gun.
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♪ ♪ stuart: >> good morning, everyone. my name is glenn from fort worth, texas, and you're with watching "varney & company". ♪ staying alive, staying alive ♪♪ stuart: didn't glenn have a slightly english accent? we're flattered. welcome aboard, young man. [laughter] as we said, rather ominous war news from ukraine, but it doesn't seem to be upsetting the market that much this morning. remember, it was ominous war talk that took the market so far down yesterday. look at the futures on the left-hand side of your screen. eddie ghabour is with us, he has called the recent market moves correctly. kudos to you, eddie. do you think that yesterday's 600-point has for the dow marked the bottom? >> i do not, stuart.
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unfortunately, i think we still have a ways to go. now, short term we're probably oversold, we'll get a bear market bounce possibly in the next two weeks, but here's why i have such a strong conviction that there's still a ways to go. when we transitioned in november and shared with your viewers that we were taking profits and being safer, we told clients during market crashes a lot of times what'll happen is your higher risk assets sell off first. take a look at the domino effect. crypto has crashed. small cap stocks, many of them have crashed. lots of names down 20-50%, and the s&p is still down less than 10%. so i don't think the s&p's going to get this easy of a pass. it always hits the broader market last. and think about this, the fed hasn't even started tightening yet, we haven't gotten the bad gdp numbers that we expect over the next two quarters. so for investors that are nervous, in my opinion it's not too late to reassess because there could still be quite a bit
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of down side over the next two quarters. stuart: okay. talk to me about this weekend. what happens to the market monday morning if there is military action, an invasion of whatever level in ukraine this weekend? what happens on monday? >> it's not going to be pretty on tuesday when this market opens. if we have a war over this weekend, it's not -- it's going to be ugly. that's the other risk. forget the info in the u.s. with gdp and the consumer being hurt. you have this geopolitical issue on top of that. very dangerous time right now to try to catch a falling knife, and i think many investors have tried and that they've gotten hurt here in the near term. and that's problematic for the health of the economy. stuart: okay. 'dty, congratulations on being right so far, but you're only as good as your last forecast. eddie ghabour, everybody. let's get to bitcoin. right at $40,000 this morning. lauren, it looks like the cryptos are following the toking market -- stock market.
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lauren: absolutely, particularly the nasdaq here. so yesterday when the nasdaq gave up some 3%, we saw bitcoin fall nearly 6% and eitherrer down 4.5% in 24 hours. and, look, they're down again today. i think the green light for crypto likely comes when this russia-ukrainian situation is resolved. so many moving parts right now, and this isn't considered a safe haven anymore. now investors are going to gold. that's down today too. stuart: i wonder how long it'll be before it's resolved, so to speak. who knows? it looks like it's ongoing for some time. lauren: we keep hearing the attack is imminent and preparing for that, but we're also hearing talking between secretary of state antony blinken and russian foreign min minister lavrov, so we're still looking for the out. stuart: all right. let's get to hillary clinton. she is talking about the john durham report. she's brushing it off as a right-wing conspiracy. watch this.
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>> we can't get distracted whether it's by the latest culture war nonsense or some new right-wing lie on fox or facebook. by the way, they've been coming after me again lately -- [laughter] as you might have noticed. it's funny, the more trouble trump gets into, the wilder or the charges and conspiracy theories about me seem to get. stuart: you know, we really neat pete hegseth, and by golly, we found him. he's in florida at the moment covering the daytona 500 for fox. first, pete, is hundt running again? -- hillary clinton running again? >> she might be. she sure sounds like it. i mean, if you look around at the field of other possible contenders considering joe biden is not likely to run again in 2024 and kamala harris doesn't look popular either, who's it going to be? they don't have much of a bench. she looks around and says maybe i'm the last one standing. and if she can count on almost
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completely uncritical press to have her back. you you don't watch fox or fox business, you don't know about what john durham has said and the seriousness of those allegations. you just know the real conspiracy theory which was russia, russia, russia peddled in our faces for four years which now we know is bunk, but they've never retracted. she's counting on that to try to pretend like she might be a candidate. stuart: for all of these scandals, hillary is the houdini of modern politics. gets out of everything. >> amazing. stuart: the daytona 500 is this weekend, it airs on fox. question, does fox nation have a car, a sponsored car in the race? >> you know it. car number 77 will be racing at 2:30 on sunday in the big race, nascar at daytona. it's a part of the spire motor sports, last time at at talladega it was the number 7 cars now it's the 77. it's a beautiful looking car.
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wait until you see is it. fox nation, they're an up and coming team. it's going to be a great field. nascar can kicks off their season with their biggest event. it's daytona, and "fox & friends" weekend will be hosting all weekend long live from inside the track. stuart, i'm telling you, these are your people. they love stuart varney. we'll say hi to them. it's going to be a great time. stuart: i think there's going to be 100,000 people there, if not a few more. i bet you there's less than a dozen wearing a mask. what do you say, pete? >> that's the game will, rachel and i are going to pay, who's the first one actually finding someone wearing a mask. that's going to be the most difficult thing to do. stuart: pete hegseth, see you soon. let's get to that freedom convoy in canada. police are arresting more protesters including two of the organizers. lauren: correct. chris barber will be in court where he's going to face criminal charges. stuart: criminal?
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lauren: criminal charges here. now, another organizer, and i'd argue she's very much become the face of the freedom convoy is tara lynch. she had her bank account frozen, and she had recently resigned to the fate of arrest. >> i'll probably be going somewhere tomorrow where i'll be getting three square meals a da- [laughter] and that's okay. if -- i'm okay with that, and i want you to know that i'm not awe grade. lauren lauren let's show a video of her, no resistance whatsoever. the cop who did it didn't even look like he wanted to do it and what's happening today is the house of commons will debate trudeau's emergency powers. then on monday they'll vote on their continued use. a lot of people are saying he looks absolutely ridiculous on the world stage. he's dealing with that organizer who went like this so peacefully when she was arrested who sounds like that. he's a acting like a dictator instead of just sitting down and
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talking with them ask using these crazy powers to stop a peaceful protest. stuart: now tell us about the american truckers who, i believe, are now organizing convoys here. lauren: three routes across the country. the american truckers freedom fund, three convoys, two in ohio, one in california. they take different pasts, and they end up in washington, d.c. by the 6th of march. so five days after the state of the union. stuart: people who work get their hands dirty confronting the elites in d.c. on march the 6th. can't wait. thanks, lauren. take a look at the futures again one more time. that's not a big selloff bearing in mind there are some ominous war talk stuff coming off the ukraine. then there's this: the recall of san francisco's school board president says the voters who ousted her are, quote, aligned with white supremacists. however, 72% voted her out, so more than two-thirds of san francisco voters are aligned with white supremacists.
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stuart: a virginia court has ruled that masks will now be optional for children in the loudon county school district. let's bring in the state's attorney general. this is a win for you. my question is, how many of the children will go to school without a maaing and take advantage of -- a mask and take advantage of your win? >> well, i tell you what, thank you so much for having me.
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this has been such a great week for parents in virginia is. governor youngkin, obviously, signed a bipartisan bill, and this was us defending the governor's executive order he signed in our first day in office say, listen, we're going to give parents a choice. if you want your child to be masked for 8 hours a day, hey, that's your right. but for so many parents who are seeing what a detrimental impact it's had on our children, i've pointed out our children in virginia have not had a normal life since 2019, and it's time to give them a normal life, get back to normal. and so if you're a parent and want your kid to have a mask, great. if not, it's your voice -- choice, and we're seeing parents take advantage of it. stuart: what about other school districts apart from loudon county? do you have to go to court for them as well? >> well, we'll see. i mean, the governor's bill, they were defying the governor's executive order. we always had a good backup plan. actually had bipartisan support. thank god for the governor's
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desk, we signed it the same day we won our curt case. if you're a local school district defying a piece of legislation sign by the governor, you're going to see us in court very, very shortly. this is about empowering parents. stuart: dr. fauci says not having kids in masks is just too risky. that's what he says. so are you getting the masks off, flying in the face of science? >> well, listen, there's an infectious disease expert wrote an op-ed in "the washington post" that says the science hoe shows if you have an n95 mask on as a child, it doesn't matter if the person you're talking to is wearing a mask or not. that whole argument that you have to be masked nor for me to be -- in order for me to be safe, that's not the case. we know so much more now than we did in 2020 at at the very beginning of this pandemic. so let's recognize there's more
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knowledge, we have a lot more research and information, and we're also facing a dramatic mental health crisis op our kids. it was remark bl watching the super bowl and seeing 70,000 people california, adults, without a mask and then the children that are lease susceptible to the virus and do the least to spread it, our kids, were having to wear a mask 6, 7, 8 hours a day. it's having a huge toll on their mental health if, their academicking progress. we're going to be dealing with this, i think, for decades to come, what we've done to our kids. talked to a parent the other day, he said so excited my daughter for the first time gets to see what her best friend in school actually looks like. it's time for them to get back to normal. stuart: real fast, what can you do about the vaccine mandate on government and health care workers? >> well, we challenged the osha mandate. virginia joined 20 plus other states to challenge the osha mandate, we were successful. we have joined louisiana, and we're challenging the cms mandate. it is it is going to create a
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crisis in rural america, in rural virginia. we've talked to so many health care administrators who say we have dozens of nurses who have not been vaccinated, for us to fire them, we are already understaffed, would be a nightmare. we are working with other states to challenge that in court. let's start treating people like adults. let them make the decision whether they want the vaccine or not. stuart: let them make the call themselves. give them the option, for heaven sakes. mr. attorney general, congratulations on hour -- your win. >>, mr. thank you. stuart: one to have ousted school board members in san francisco is speaking out about her removal. is she blaming white supremacy? >> yep, she is. that's gabriela lopez. here's her tweet. so if you fight for e racial justice, this is the consequence. don't be mistaken, white supremacists are enjoying this, and the support of the recall is aligned with this. i guess everyone is a white supremacist in san francisco because she and the other school
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board members were ousted by more than 70%. a landslide vote cuts across ethnicities and income levels. this is what also happened in san francisco. many asian-americans, they were mad the district ditched the add managerses -- add missions system for a lottery. they were organized, they had their voices herald. parents saying, hey, officials, you've gone too far here. stuart: that set off a firestorm, that vote. we're going to deal with that later in the show. now, there's another report here which is not exactly a bombshell, but it's revelatory. the vast majority of americans have some immunity to omicron. lauren: 73%, and that could rise to 80% by the middle of next month. these americans are enjoying protection against omicron right now. so i guess the point is why have all these mandates and restrictions when most people have had it, vaccinated. i mean, things are pretty good right now.
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i had the baby in the front, my son in the back and my daughter next to me, and no one has a mask on. and i went past a father with his three kids and everyone's looking at each other, none of us have masks on, but everybody else, all the adults in the store, did. i think everyone said, hmm, these parent are -- parents are brave enough to bring their kids in here without a mask, because they all had it. that's where we are right now. stuart: i've got to get to the futures because now we're down 85. that's not exactly a huge selloff. there is some ominous war talk out of ukraine. market is down but it's not that bad. we'll take you to wall street for the opening bell next. ♪ ♪
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express caution about growth equities in this market, and these two stocks would be considered growth equities. the only part of consumer tech i've seen that's materially outperforming are the online are travel names because they've got at lot of quality to their valuation in the booking models. doordash, however, has been a huge covid winner. we had this huge shift over to purchasing, doing online delivery of restaurants, of restaurant food, food from restaurants, etc., and now doordash is expanding into international markets, expanding into grocery and convenience delivery. i like doordash as an asset, it's the best play off of that delivery segment. so we think the shares go higher. we had a really solid print this week. stuart: when you're covering a stock on a company like doordash, do you use it just to see how it works? >> yes, i do, but i don't expensive -- expensive it --
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expense it. [laughter] stuart: that was not my if question. how about airbnb? you see it going to 235, it's now 179. go ahead and make that case. >> here's what's so interesting about airbnb, they're generating bookings and revenues about 30% higher than pre-covid. they've already recovered. what happened during the covid crisis is we had this dramatic consumer shift towards or alternative accommodations. that was an unknown two years ago. i didn't know, the market didn't know, but that's what consumers decided was the safe, interesting new place for alternative accommodations, and airbnb and far and away the best company in there. i think there's a lot of growth potential for the asset going forward. so airbnb is a name that we like and, again, be cautious in this environment. this is not an environment for growth equities, but if you can put together recovery names because we're going to be recovering our travel, leisure
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travel, that is, and companies that generate high margins, generate a lot of free cash flow, air airbnb falls into that basket. multiple's are high, that's true, but nonetheless, it fundamentally falls into a nice basket, one of the few baskets that may actually be defensive in this environment. stuart: i get the impression you don't spend too much time worrying about the big picture, the cover all movement ott dow, the s&p and the nasdaq. you zero in and make it a market of stocks and follow individual stocks which you think might if outperform anything that the overall market does. that's your approach, isn't it? >> yeah, you're right, stu. but i want to -- when you have an aggressively rising rate environment, it is negative for future growth, high multiple stocks flat out. it just is. so it's much harder. you have to be more stock selective in this environment than you are in most environments. absolutely, that's the case. this is a risk-off market, and i work with risk-on sectors, so there are very few places that
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can actually outperform the market -- near term. as we get9 into more risk acceptance, then your googles, your amazons can outperform. stuart: okay. i'm not going to sell my microsoft no matter what you say. mark mahaney if, see you soon. >> thanks, stu. stuart: in 10 seconds we open the markets. ominous and rather negative news out of russia-ukraine. that, at moment, is not affecting the market as dramatically as yesterday. the dow was off 60 points. 622, to be precise. we've opened up on this friday morning. most of the stocks are in the red, overwhelming selling amongst the dow 30, but the dow itself is down a mere 79 points. 34,243, down nearly a quart percent. s&p 500 actually opening a fraction higher, .06% higher. the nasdaq also slightly higher. it's flat to slightly lower pretty much across the board.
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all right. we're showing you big tech. we always do because that's where the money is. all of them on the upside. not by much, but all are higher. come on in, susan. we've got to talk about draft kinks. they must have gotten a boost from the if spread of legalized gambling, but the stock's down. susan: yeah. you would hi they would get more of a boost. they haven't signed on any new states because they haven't started operating in any if new states so far in 2022, and that was not good for sentiment on wall street, also not good for their stock. they lost less money and had higher sales to end last year, but guidance for 2022 shows that the money continues to be lost by this company. they said they would make more sales this year if you strip ou, pardon me, if you strip out expenses and taxes. and as you mow, stu, you're burning through cash, that is not a good story for wall street. they did start operations in new york and louisiana last month
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but, you know, to get new customers and marketing, pretty high. that's why the stock is down 60% since labor day. stuart: whoa, i didn't know that. down 60% since the first weekend in death. good lord, didn't know that. roku falling out of bed what's the problem? susan: so may miss -- they missed on sales the to end last year and guiding on slower sales to start this year. they said that sales will only grow in the mid 30% this year. sounds great for everybody else, not good enough though in this type of volatile trading environment. roku treaded at its lowest since june 2020, down by a third so far this year and they're blaming, of course, supply chain, inflation is hurting them. but you still have 60 million plus active accounts. streaming hours are going down. we're not stuck at home watching netflix and all the other
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streamers. stuart: i just get the impression that growth stocks, if they don't meet or exceed expectations bigtime, the selloff is absolutely dramatic. susan: yes, that's right. stuart: could we say the same thing about shake shack? they're down 10%. susan: wider loss, they don't know when they'll fully recover from covid. wall street, as you know, does not like uncertainty, and shake shack also a bit different from mcdonald's or wendy's because all their stores are in high-traffic, urban city areas which we know have not yet come back from covid. stuart: here's an example of a spac that's kind of fallen out of bed. i'm talking about virgin galactic. i know -- the chairman is stepping down. susan: that's right. right. so a well known venture capitalist and some would point to virgin galactic as one of these failed spac deals. we know it's down some 80% from its peak.
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that's just over the past year. stepping down as chairman and stepping away from the board because he has other hinges to focus on. -- things to focus on. there was good news to start off this week because they have started taking those $150,000 deposits and reservations for the $450,000 seats and hoping to get the space tourism flights off and up into the air sometime later this year. stuart: that's a rotten looking chart. [laughter] i don't know whether you can see it -- susan: i thought you were laughing at the fact that people were about to go to space, the edge of space by the end of this year. you just don't believe it. stuart: i just hate that chart, that's all. [laughter] i want to show you some videotape. we've got the car companies on the left-hand side of the screen. this is a shipload of cars, that doesn't look right -- let's see it. susan: a helicopter. of oh, there's a ship. there you go. stuart: a huge ship on fire on the high seas. what do we know about it? susan: so, first of all, this is
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a kind of let them eat cake type of story. it does have market implications because we're talking about 4,000 cars on a burning cargo ship in the mid-atlantic, and it was on its way to rhode island. they were going to dump off 1100 porsches and 189 bentley ares or so. but in this type of supply chain crunch and shortage of chips, you know, when there isn't that much car supply, that helps the other car players, shall we say. and you feel bad for the guy, there was this guy reported in "the new york times" that has been waiting for his porsche boxer, $123,000, for a year. oh, no, it's being delayed by a few more months. stuart: i was disappointed in the videotape there. i thought we were going to see a gigantic cargo ship smoking away, and all i saw was a couple of guys hanging out of a helicopter. karatny -- cathie wood, i believe she's doubling down.
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susan: that's right. her high-tech innovation picks are down 60, 70%, and she continues to add to those positions on the dip. we're talking about roblox which we mow she bought in the week even though it's down from 26%, record loss for them in one single day. she added to zoom, teledoc, and she's telling -- selling twitter, sure. but then draftkings, this is a stock that's down, what, 20%, that that's also another pick as well. that strategy is just not working, and wall street is losing confidence especially if she's doubling down on these names. so that ark innovation etf is down by 30% so far this year, down 25% last year, and i'll tell you, stu, that the vultures are circling, and people are comparing -- you lived through the 2000s. meredith whitney back in 2008, some say maybe she's just a one-hit wonder. stuart: oh, that would hurt, wouldn't it? [laughter] all right. susan, thanks. we're going to get back to you shortly. meantime, look at the dow
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winners headed by jpmorgan. verizon's up there, so is procter & gamble. those are the winners of the dow stocks. among the s&p 500, dupont is up there, netflix is back on that list as well. and the nasdaq winners headed by netflix. there you go. back to 394, up $8, that's 2% as of this morning. as for the big board, dow industrials are down 73 points, 34,239. the 10-year treasury moving down in terms of yield to 1.93%. there's another flight to the safety of the 10-year treasury. gold backing off away from the $1900 level, down 2.50 this morning. bitcoin, perilously close to breaking below 40 grand. it's right at 40,000 as we speak. the price of oil, where are we? $89 a barrel. so we've dropped below the $90 level. nat gas, that's been up and down, all over the place. today it's up again, 4.62 per million british thermal units.
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the average price for a gallon of gas, look at this now, $3.53. it goes up one cent a day very regularly and right now $3.53 is your median -- no, the average price of regular california, it's gone up to $4.73 for regular. all right. here come the american truckers. what started in canada will continue here. i've got a word of advice for the american authorities. don't accuse these truckers of being racists or nazis. maybe you should goat meet 'em. that's my take the, top of the 10:00 hour. amazon has suspended black lives matter from their charity platform. we've got the story. russia says putin will oversee nuclear drills involving ballistic missiles, launching them tomorrow. we've got a live report from ukraine coming up for you next. ♪ ♪
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♪ ♪ stuart: vladimir putin will oversee nuclear drills that involve ballistic missile launches tomorrow. steve harrigan is in kyiv, ukraine. it must be getting pretty tense there, steve. >> reporter: it certainly is, and this show tomorrow is going to to be the biggest display of force we've seen since this crisis began. vladimir if putin in his role as supreme commander of russian armed forces will be overseeing those drills, some of which will be taking place not too far from yaw crane's border -- ukraine's border. ballistic missiles can carry nuclear warheads. men time, in the east of ukraine, ratcheting up tensions and shelling back and forth over the line between ukrainian forces and russian-backed separatists. a kinder garnet on the ukrainian are side was hit yesterday, three adults injured in that
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attack. and we're getting a very different message here as we have from the start from ukrainian i shall -- officials. as the biden administration has warned about a likely and imminent invasion, ukrainian officials saying just the reverse. the defense minister here told lawmakers that the chance of a major escalation from the russian side at this point was low. stuart, back to you. stuart: steve, we hear you. back -- thanks very much. let's bring in dan hoffman if, former cia station chief. big picture for a moment, how do you think biden's doing coping with this situation? >> i think it's an extraordinary challenge. the president has focused on diplomacy. he's declassified an awful lot of intelligence to try to hold russia accountable for what is at the very least coercive diplomacy, if not an escalation designed to launch a major attack against ukraine. but we're still in the fog of war here, and we're still unsure
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of vladimir putin ifen's plans and intentions. i think that's the greatest challenge this administration faces. stuart: it seems our intelligence system is very good. we're immediately telling even, the whole world, what we're seeing on the ground and communicating that. is that a successful use of intelligence? has it sort of pushed putin back a little? >> i actually don't think that it has,s and i would posit, based on my experience at the cia running russian operations that vladimir putin ifen may have wanted this intelligence to be collected. he may have allowed that to happen. i know that sounds a bit counterintuitive, but what it does is it allows him to dial up the tension and make war appear to be more imminent. and if his plan is to practice that coercive diplomacy, then that could really help him that effort. the other thing that he would like to do is see where our collection is and then choke off those sources and insure that
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the collection is caught you have -- cut off in the future. he'll know where he's vulnerable because we're releasing so much of the intelligence that we're collecting. it's almost as if we're pacting diplomacy live on a twitter feed. stuart: yeah. is an invasion, in your opinion, at this point inevitable? >> so we've got some markers, i would say, that would indicate we might see an invasion. you've still got roughly 150,000 russian troops on the border. the military exercises in belarus scheduled to conclude on sunday, but the president of belarus just said russian troops can remain as long as they like. and as you reported, we've seen shelling in eastern ukraine. all of those indicators that perhaps war might be imminent. at the same time, foreign minister lavrov is scheduled to meet with secretary blinken next week, most likely in helsinki, finland, to carry on negotiations. so at this point it's possible that vladimir putin could go either way. keep in mind the weather in ukraine. it's over 40 degrees.
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that's going to make it increasingly difficult for russia to launch a land invasion. stuart: okay. we just got this news a few hours ago that putin is going to organize and, essentially, he's going to be in control of this launching of ballistic missiles. that seems like a deliberate ratcheting up of the military tension. what do you read into it? >> absolutely. it's the same playbook at kim jong un, you know? the idea is that you dial up the pressure as much as you can with military threats, and then you practice coercive diplomacy with your bayonet at your adversary's throat. that's the way the russians want to do it. they want concessions from us even though this is a crisis they incited, very similar to the way that north korea and other rogue autocracies and totalitarian dictatorships like to operate. russia's no different. stoort s.t.a.r.t. okay. thanks very much for joining us. we always appreciate it, dan hoffman, and we do hope to see you again, probably over this weekend. >> thanks. stuart: all right, dan.
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[laughter] check the market again, please. still got some red ink but not a whole lot of it bearing in mind what's going on in russia and ukraine. i've got to show you bitcoin because that just dropped below $40,000 a coin. your back to -- you're back to 39,7 as we speak. so bitcoin, the cryptos pretty much following in line with stocks. next case. california, the first state to release an official plan about living with covid. our california guy, steve hilton, examines the plan. the president believe we can cut inflation by spending even more money. does that make sense to an economist like anthony chan? we'll ask him because he's next. ♪ tell it to my heart. ♪ tell me i'm the only one. ♪ is this really love or just a game? ♪ tell it to my heart. ♪ i can feel my body rock every time you call my name ♪♪
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knows that spending more does not help inflation, but the question is, do you spend more on things that will reduce inflation or not. and that is what really counts, because right now what we need is spending and even deficits that actually will stimulate the supply. for example, there's some silly talk out there about eliminating the gasoline tax. that is silly because if we do that, we'll just stimulate more demand for gasoline which is scarce in itself, and now we'll boost inflation. but if we spend money on, say, the -- to increase our construction and be able to produce if chips here in the united states, that would be a good idea with. if we spend money on ways to stimulate money supply, that would help. it's a question of where we spend the money, not just spending the money. and the last thing i would say is that government deficits, everybody talks about stimulating inflation. go back to jimmy carder -- carter and gerald ford, they were averaging about $260 million during their entire
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administration, and yet we had a lot of inflation. in 1980, 14.5% inflation. during the obama administration we saw the greatest amount of deficits, during the trump administration the second largest, and yet inflation is taking hold now. it is not the deficit, the a whole bunch of other things, and we have to take them in into account. stuart: 9.7% inflation reported earlier this week. is that the peak rate of inflation? is it down from here? >> i wish it were, and there's a possibility we can see the peak by the middle of the year, but i don't think it's, we're ready to say that that is the actual peak. what it does tell you is we're going to see corporate profits slowing down, stuart. i've done some work look at the spread between the consumer price index and the producer price index which you mentioned, and that spread is negative which tells us that s&p 500 earnings are young to slow down in -- are going to slow down in 2022, and it is the fault of inflation. we've already seen it in
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consumer sentiment as consumers are getting nervous that they just can't keep up. even though wages are rising, they're not rising enough to keep up with inflation. this is a problem, and i think both democrats and republicans need to address it. joe manchin has it right that we have to worry about inflation, but it's not just the deficit. we need to make sure that if we spend money, spend money on increasing the supply possibilities to the economy and not spending it on trying to stimulate demand. we already have too much demand. we need to increase supply. stuart: got it. anthony chan, i can see 10% as a headline number very soon. let's see. anthony chan, we'll see you again later. thanks very much, sir. still ahead, tammy bruce, devin nuñes, retired general keith kellogg, florida congressman byron donalds and much more. the 10:00 hour of" varney" coming up next. ♪ ♪
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it is 10:00 eastern. straight to the money. something of a turnaround. these are not huge gains or huge losses yesterday. a minor bounce back. 4%. what you are seeing there is a flight to the safety of the 10 year treasury. you can always get your interest rate but don't face the risk you face in stocks. as for big tech, that has turned around too. they are up except amazon which is down one dollar and $0.25. the price of oil. the retreat continues, barely holding $90 a barrel even with fresh tension in russia and ukraine oil is at $90. bitcoin had just broken below 40,$000. now it is back along with the
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stock market. 40,$000 per coin back on the board. 30 seconds past 10:00, friday, some important numbers. what do we have? lauren: they were expected to fall. we got an increase of 6% or 7% in january making seasonally adjusted annual rates, $6.5 million. as for inventory, one.6 months of nothing. as for the median price, it rose 15.4% to 350,$300. stuart: i'm trying to write this down. lauren: and expected strong report. stuart: 6.5 million homes sold on an annual basis. the median test.
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lauren: good job. stuart: no impact on the stock market. we are still across the board slightly. now this. here come the truckers. the american truckers. what started in canada will continue here. it will be a test of the vaccine mandate. start from columbus, cleveland, ohio and fresno, california. the plan is to arrive in washington dc march 6th, met by congressional welcoming committee. good timing. the covid caseload is falling and masks are coming on but vaccination mandates still in place. truckers want them gone. biden wants to keep them. truckers work. they get their hands dirty. they are working people. they are supposed to be natural born democrats but they are fed
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up with being talked down to by the elites. it reminds me of the class warfare i knew growing up in england, truck drivers versus the educated, the intelligentsia. a word of advice to the american authorities, do not accuse them of being racists or not these. don't threaten their supporters. trudeau wouldn't do it in canada. democrats could do it here. send xavier becerra who is supposed to run the covid response. explain to the truckers why they are being fired for not getting the jab. the forces of discontent. you better do something because a sizable chunk of the working class is jumping the democrat ship. the second our of varney just getting started. tammy bruce joins us, good to see you. i take it you would support the
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american truckers. >> this is the vision of american heart and soul, the people that were in the military, saved the world, saved europe from itself. this is who america is. i think there is this misguided miss with the democrats now that they won the working-class they can treat them like crap. it becomes this attitude that is incorrect. americans understand this, who makes the country run, the infrastructure, delivery products. the wherewithal. you expect john wayne in that cab. men and women who are independent. who understand what the nation is about. it is reflected in their work and their rejection not of vaccines or masks but of the government putting a boot on your neck, telling you what to do.
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that is how this nation was funded. we reject an elite that was telling us what to do. what what our elite expect accept the same reaction. they think we are pushed down. they will get another reminder. stuart: you wrote an op-ed entitled democrats woke policy fiascoes never end, san francisco the latest city saying enough is enough. you wrote that. the vote showed the rise of the organized asian vote, important in san francisco. does that holding to the midterms? >> it does. it's not a 1-off surprise reaction. a registered voter for the recall, the return of ballots is lowest with ballots in chinese. it was over 10% higher, 37% return. these are americans.
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they may not be trying -- freedom, being able to live your life as you choose which is why a second generation of people who fled asia to come to america because they wanted real freedom. the second-generation saying we can speak up when we don't like what we see which includes the change of a high school, the attempt to make it not merit-based but like a lottery system. that affect the majority of asian kids and families saying this is racist. comments by one of the people that was recalled racist against asians. tired of being spit upon, tired of being abused, the same argument with the truckers. american sensibility, asian or not. whoever you are americans saying democrats have gone too far.
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we had enough. we are sending you a message. democrats refused to admit it. they think it is messaging and they will get a message in november. stuart: you are always so fired up. >> i love being here because your focus on what makes this country tech, money, the economy, the choices people make, the freedom being financially independent, you've been at the top of the mountain. stuart: a mutual admiration society, thank you very much indeed. let's get to the markets. green for the dow, the s&p, red for the nasdaq. look who is here. mark grant. the man himself. good to see you. my point of view, it seems a
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few things could go wrong. the federal reserve could be making one enormous the second vladimir putin could be making an enormous mistake and ukraine. is it a dangerous period? do you see it like that? >> they are serious situations. large impacts on the market. when i look at the fed and the inflation rate, the producer price index, the consumer price index, that currently is 8.6%. appreciation or income, more than 8.6%, you are losing. the dow was down 5%, the s&p over 8%.
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the nasdaq down 12% and you have to come up with a solution, the fed or ukraine we could have a major move down and you have to repair yourself. stuart: are we -- the biden administration, are we paying for their mistakes? >> their mistakes are reflected in the inflation numbers. that builds their balance sheet. cutting the balance sheet and raising interest rates. to become more aggressive and sell their portfolio in the market. a major impact on borrowing
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costs for the government. and slow down mergers and acquisitions. these ukraine and the feds, looking at serious concerns. stuart: you don't always try to sell me stocks and objective opinion. a good man if ever i saw one. see you again soon. there are some spots in the market. look at that. the news down 21%. lauren: the online real estate firm say our first quarter loss will be wider and rvg added insult to injury. the price target from 60 to 23 saying, quote, we throw in the towel. inventory challenges make slower growth and it comes down
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to inventory. the lowest ever. all-time low. in a separate report, separate from the earnings report, 67% of homes, you put your home on the market it completely sold up to closing. with that the mortgage is going up. now it is near $2,000. stuart: don't use the expression throw in the towel. dollar tree. i they up or down? lauren: one of the stronger performers. their chairman plans to retire. he has been with the company for two decades. dollar tree is in a fight with activist investors, calling for new leadership, median investors say the chairman is out and we will move in a different direction. stuart: why is netflix up today? it is on the winner's list.
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lauren: in the s&p 500. jpmorgan, up to 5 million subscribers because it is double what netflix predicted. they plan to release one new movie a week and a lot of those shows and movies are popular. stuart: i've not looked at netflix for a long time. tesla is down 865. the sec -- lauren: they don't like each other. this started in 2018 when elon musk tweeted keeping to the private at $420. teslae problem.
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lauren: the stock is under pressure. nothing to do with that. is a battle between the sec, the s&p is harassing us. stuart: tesla reaped $1,250 a share. remember when jeff bezos sent william shatner to space? >> no description. stuart: that was a moment for sure. jeff bezos has sold too many tickets to space he needs to build more rockets to keep up with demand was governor governor newsom said it is time we learn to live with covid. how the formerly golden state plans to do that. hillary clinton calls the durham controversy a conspiracy theory. devon nunez coming on the show.
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are we going to see more indictments and how high up the food chain. that is next. ♪♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.
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>> we can't get distracted. whether by the latest culture war nonsense, or some new right-wing lie on fox or facebook. by the way, they are coming after me again lately you might have noticed. it is funny. the more trouble trump gets into, the wilder the charges and conspiracy theories about me seem to get.
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stuart: that was hillary clinton. she was brushing the durham controversy off as a conspiracy theory. devon nunez knows a lot about this stuff. are you expecting more indictments? >> great to be back with you. it has been a while. i always feel i am in london on the old bbc. stuart: i am an american citizen. >> you've got that great accent from london. it is awesome. we want only about indictments. >> going back, house republicans intelligence committee, we uncovered this with great patriots who worked on this, we made 14 criminal referrals that are becoming indictments. when i say that it wasn't just on 14 individuals. it involved dozens of
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individuals. we did not know about the level of spying. we thought it was pretty bad. we uncovered they were running spies in the campaign, using fisa warrants to target the campaign. there were multiple ways to spy on the campaign but we did not know this new revelation that i think is committal in and of itself because we ran this whole investigation, issued so many subpoenas. how is it possible we didn't know about a government contractor that was scraping data from whether it was trump's apartment, trump tower, a healthcare company and most alarmingly, the white house itself. that in itself congress was misled at a minimum by multiple officials that had this information and hid it from us. imagine if we had this four
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years ago. stuart: how high up can you go? >> it all depends on what is illegal in statute and what is not and can durham bring enough evidence to indict? that is the answer. there is a lot of people who should be indicted. a lot of these crimes don't have long penalties. stuart: you are getting ready to launch donald trump's truth social, that the apps by the end of march. are you afraid of being dumped by the apple apps store in the google play store? you need big tech's help to get going. >> thank you for asking. this is an exciting adventure we are on. we are bringing people on the platform as we speak, we are working to bring people on. the goal is by the end of
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march, fully operational so as it relates to big tech, we are operating on our own servers come with companies that are not welcome. i'm not worried about having problems others had. rumble which is a youtube alternative, they are growing in popularity. every conservative, independent and liberals are moving to rumble. we are relying on their architecture, their becoming an amazon web service. let me answer the apple issue. 70% of cell phones in america are apple but we have a good relationship with apple. i worked with them for a long time, donald trump worked with them for a long time. we want what they want, we want to clean platform. we talked about being a family-friendly platform, we
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think our values, and we will see as we move forward, and like i said people are getting on the platform slowly. stuart: truth social appears at the end of march, we hope and we believe. next time i will try and american accent. >> i love it. stuart: mixed picture on the markets but i want to talk about blue ridge and. it flew 14 people into space but they've got to build more rockets to accommodate strong demand. lauren: can't quantify it but they want to double the number of new shepherd rockets to meet the demand. last year 14 people relaunched on three missions. we don't have a price tag. one seat auctions for
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$20 million and on virgin galactic, 450,$000 each. this is a booming market and people are willing to pay a lot of money. stuart: virgin galactic. that is down 5%. is this just because the chairman is stepping down? lauren: four years. it is -- the guy who said no one cares about the genocide against the uyghurs in china. that's him. he wasn't a mental in that in 2019. a lot of companies public and he is stepping down from the board to pursue other opportunities and he sits on many corporate boards. stuart: virgin galactic stock is vaccinated. thanks. three quarters of us have some level of covid immunity. doctor fauci says it is too risky to take the masks off kids.
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stuart: i see some green on the market. the nasdaq is down 65 points. some stocks are moving. show me deare. lauren: it was higher because they put out a good report card and raised their forecast. they are charging more. maybe this company does not have pricing power. stuart: do you know how long i have to wait? a long wait. blooming brands. lauren: outback steakhouse, they have pricing power. they are raising prices because they see commodity inflation of 11% to 13%. if you go to outback the menu price will go up by 5% across-the-board.
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stuart: they are eating part of the cost increase, passing a limited amount to you and stock goes up. neil: seems investors are willing to accept that. last time they raise prices within 2019. stuart: a chicken producer. "cavuto" largest meatpacker withdrew their buyout proposal. they wanted to buy shares of the company they did not own. stock is down. stuart: it used to be stocks if they were down 4% is a big mover. 14%, 20% all over the place but moves are extreme. lauren: it is down 22 points. stuart: canadian truckers, police letting the street, rested convoy leaders. the latest please.
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>> reporter: the crackdown has begun. police have been warning about it over the past two days. we've seen heightened police presence. they added this fence and a few blocks from where we are, arrests have started. they last started when the organizers were arrested and taken into custody on charges related to mischief and other charges related to obstruction. you can see a lot of people milling about. a police cruiser coming through here. they built a wall with fresh snow on the ground. they are staying put. a lot of people say they are willing to get arrested over this. that's the plan of the police. they haven't revealed details but they have a secure area.
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they set up 100 checkpoints and they are not letting anyone in a mess they are going to work, home, school, or that type of thing. police warned media in this occupy zone could be arrested. the first arrest last night, more this morning and presumably they will move into this area next and head up wellington street to the parliament building. we will keep you posted on how this goes but truckers our firm that they are not moving. stuart: let's move on to the american truckers convoys being organized as we speak. we are joined by my favorite libertarian, rob smith. how are you doing? i presume as a libertarian you support the american truckers. >> absolutely and the reason is what we are looking at is a populist movement. this is about workers,
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employees rights against vaccine mandates. government control over your body, the craziest thing is we are seeing what is happening in canada, democrats are on the side of strong populism and all that stuff. to clampdown on this. i support this movement. stuart: march 6th when the convoys arrive in dc, they get their hands dirty confronting the elites who say if you don't get the jab we will fire you. >> that optics to clampdown on that. stuart: you are wearing a t-shirt. the douglas society. this is a nonprofit i launched to advance the cause of black conservatism in the united states. so many are doing amazing things but nowhere to see the content and we will create more that. go to douglassociety.com, or
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instagram@douglassociety. stuart: are you trying to create a form -- a forum for black conservatives that doesn't exist? >> i am. we are trying to get the message out. young blacks -- we are talking about independents, not necessarily consuming a lot of mainstream media. it is online, we are trying to create that content and aggregate it and push it out. very excited. we have instagram, 13,000 followers across the platforms. douglassociety.com. the one which side of the aisle with a black libertarian vote? republican or not? >> i consider myself a conservative.
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i think ever terrien's -- i consider myself on the republican side of things. stuart: the douglas society is in frederick douglass. congratulations, see you again soon. california laid out a plan to live with covid for the long-term. good morning. what is the plan? ashley: california governor gavin newsom says the state is shifting out of crisis mentality to one that is learning to live with the virus, there's no end date, no declaration of victory, just the knowledge gained over the past two years to be better prepared for the future. he laid out or he plans -- a plan to detect rising viral transmission and identify new variants as they emerge and decide of tests and therapeutics are needed for effective against that strain.
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the state will deploy additional testing and healthcare staff to regions affected by the rising transmission. they may impose measures like stacks -- masks if it is causing disruptions to hospitals and businesses. stuart: i will move on. thanks. seattle has the third largest homeless population in the country. big tech teaming up with starbucks to clean the streets. we will tell you what they are doing.
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stuart: look at that coin below $40,000. cryptos are in line with stocks 10 year treasury yield is down 1.94%. that is the flight to safety in the safe treasury market as opposed to the risk prone stock market. we broke this this morning. we are selling 6.5 million existing homes was that a strong report. mitch rochelle, you are our real estate guy. what does it tell you about the real estate market? >> it comes from what you said about the 10 year treasury hovering around 2 meaning mortgage rates are going up. very low supply, rising rates.
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two kinds of folks in the housing market, people raising to find something at any price and the people who are worried that they will get edged out of the market and this is their last chance to buy something, that creates a wall of demand. stuart: i've got two numbers that shocked me. item number one, 1.6 months worth of inventory, that is extraordinarily low, 57% of homes were sold in two weeks. never heard anything like that before. >> this is unprecedented. less than two months supply, think about what that is. some of these are homes nobody wants. they are such fixer-upper's
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people don't want to take the risk. something comes on the market that is close to what a potential buyer wants they pounce on it which is why they are on the market for such a short time. there is no end insight with other uncertainties moving the stock market at the same time. stuart: the average price of homes sold, $350,000, i think i got that right. that is a very high, strong number. is there any sign it might start to come down? >> i don't see it. i always talk to realtors about it and ask if their phone call volume have died down and not at all. they are as busy as they had
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been but they are chasing their supply so i don't see it slowing down anytime soon, no indication something will disrupt this demand. stuart: seems to me over the last 6 to 9 months a single-family home has been a better investment giving better return than the stock market. >> you are right. if you look at how real estate has performed, people investing in their own homes or commercial real estate real estate has outperformed stocks over generations so you have the american dream where people invest their last dollar in their home. stuart: you are all right, see you soon.
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i'm intrigued at this story. amazon, microsoft and starbucks will address the homeless problem in seattle. how much will they spend and clear the streets? ashley: $10 million into partnership 30, aimed at ending homelessness in town seattle. the program will use caseworkers and incident responders with amazon has a headquarters in seattle and has been under fire for pushing up housing costs increase homelessness in the city. recent data shows 11,000 people were homeless was 53% sheltered. 40 were an sheltered. the investment from amazon, microsoft and starbucks to have a large presence in will establish a command center to identify those in need and
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hopefully place them in a shelter. is a bold plan but not sure how it will be because they don't want to be in a shelter. they want to be left alone. stuart: i wonder how this will work in. it is friday so send in your friday feedback. we want some critical mail. if you have a criticism we want to hear it. you may your comment at the end of the show, varneyviewers@fox.com. russia will launch cruise missiles and nuclear exercises tomorrow. a report from ukraine at capital, he is. scientists discover is a variant of micron and lab show it spread faster and could be
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i know there's conflicting information about dupuytren's contracture. i thought i couldn't get treatment yet? well, people may think that their contracture has to be severe to be treated, but it doesn't. if you can't lay your hand flat on the table, talk to a hand specialist. but what if i don't want surgery? well, then you should find a hand specialist certified to offer nonsurgical treatments. what's the next step? visit findahandspecialist.com today to get started. stuart: the senate has approved
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a 3-week spending bill avoiding a government shutdown. it would have looked bad for the federal government to shut down as russia is looking at invading ukraine. >> a bad message for the federal government to shut down as russia is about to invade ukraine so the senate said shutdown. >> i can tell you one thing. nobody wants a government shutdown. this is a dangerous moment. vladimir putin is the biggest threat to peace in the world today. >> a government shutdown would be useless. senseless. maybe look to the russians. >> reporter: the senate voted to fund the government through march 11th. some republicans balked at funding over vaccine mandates. gop senators forced votes to vaccine requirements.
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>> everything time i board a united plane, pilot, flight attendant, ticket agent pulled me aside and says thank you for standing up and fighting for my rights. why won't my ceo fight for my rights? >> reporter: the senate rejected those amendments. adoption would have changed from what the bill did last week, that would have triggered a shutdown tonight. stuart: thanks very much. there is a new covid variant ba2. it causes severe illness in the elderly. it sounds serious. >> we are monitoring this. in the united states only 4% of the variants. the one in japan is looking at hamsters, not people.
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it spreads rapidly but we don't know how severe it is. it is a resurgence of omicron at a time it was on its way down. if there's a lot of omicron in the country already the way we've seen in the united states i don't think we will see a problem with this secondary it. i'm not convinced it was all severe because it was laboratory. stuart: just in hamsters. >> they are not humans. stuart: doctor fauci warning against dropping for schoolchildren. >> we could get lucky because the trajectory is going down. but be careful. it is understandable why people want to take masks off their kids but right now given the
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level of activity we have, it is risky. stuart: is it too risky to take masks off schoolchildren? >> i don't see it the way doctor fauci does. the excess focus on children. we talk about the damage that has done and i'm concerned about kids wearing them at long periods of time when cases are dropping. i like masks. they should be offered and there are places in the school for them like assemblies. why not focus on high risk people when cases are dropping instead of this attention to children. they can't protest. i am concerned about that. time to pull back on the restrictions from on high. guidance from on high saying you do this, you do that. of the school says i've got an outbreak, i have strategies in
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place including masks i won't put this on a case-by-case basis but from doctor fauci down, time to pull back. stuart: should be optional in colleges and universities. that should be an option. they are the least vulnerable. i agree with that. >> great coverage of covid. we appreciate it. have a great weekend. see you next week. stuart: look what we have. still ahead. florida congressman byron donalds, general keith kellogg and steve hilton. radical school board members got the boot in san francisco and the defund the police movement is dead. democrats running away from far left policies because they did serious damage and voters know it. that's "my take" next.
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to go. for investors that are nervous that aren't comfortable with their portfolio, in my opinion, it's not too late to reassess because there could still be quite a bit of downside over the next two quarters. >> if you don't watch fox and fox business, you don't know about what john durham said. you just know the real conspiracy theory, which was russia, russia, russia. >> we're still unsure of vladimir putin's plans and intentions. it's almost as if we're practicing diplomacy live on a twitter feed. >> this has been such a great week for parents in virginia. if you want your kid to have a mask, great. if not, it's your choice, and we're seeing a lot of parents taking advantage of it. ♪ ♪ stuart: is 1:00 -- 11:00 eastern time. friday, february the 18th a. a rather deserted sixth avenue, new york city. check the market real fast because the dow has moved to the downside a little and so has the
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nasdaq. remember, huge hases yesterday. the dow was off over 600, it's down about 115 right now. the nasdaq down well over 2% yesterday, down another 1% now. that is something of a selloff. big tech down all across the board except for google which is up all of 22 cents. the so-year treasury -- 10-year treasury, 1.93%. say it every hour, that's the flight to the safety in the treasury market. now this. it is civil war within the democrat party. okay, that's been true for a long time. but this week the in-fighting really ratcheted up. san francisco did it. three radicals who had ruined local schools were recalled in a landslide vote against them. it was such a decisive vote, the democrats had to take notice. there is now a growing backlash against liberal office holders and the policies they have pushed. defund the police, democrats are
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running a mile from that. abolish i.c.e.? if that is now a nonstarter. no bail or low bail, a disaster from day one. i don't with see democrats standing up for it now. empty the prisons? tell that to the countless victims of crime. the far-left district attorneys, san francisco, los angeles, new york, they're all now heavily criticized for policies that a year ago democrats were supporting. it's obvious why the democrats are having second thoughts. so many of their policy ideas did serious damage, and voters know it. when san francisco decisively rejected their policies, the democrats figured they'd lose big this november. helps, the civil war. hence, the civil war. i never expected to say this, but our thanks to the good people of san francisco. your votes forced the democrats all across the country to confront their failed policies. third hour of "varney" just getting started. ♪ ♪
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stuart: well, following up on california. the gentleman right there is our california guy. his name is steve hilton. i want to talk abouting to you -- talk to you about california being the first state to make an official attempt at living with covid. you know the plan. what do you make of it? >> well, gavin newsom announced it yesterday. he called it the endemic plan. it's some ridiculous jumble of words that add up to an acronym, and each lesson stands for something. if it's totally ridiculous, because it's not actually living with it in the sense that normal people might think, oh, that means going back to normal life. no. he literally said, this is a quote, there is no finish line. there is no such thing as a post-covid world. what is actually in this endemic plan that he laid out is a plan for them to create this sense of
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a permanent bio-security state so they can boss us around forever. the guy, the public health direct, dr. mark galley, i've got the quote here, says we make the science. yeah, we've noticed. [laughter] that's what's going on here. there's no benchmarks for when we can lift the state of emergency, it's still this place, haven't lifted that. that's going on until at least march. the school mask mandate including outdoors is still in place. none of that makes sense. this is all about them bossing us around and micromanaging us forever. stuart: i'm sure you've seen this, steve. there's a sharp decline in approval if the poll -- in the polling for democrats in california. only 30% approval for senator feinstein, 38% for kamala harris. you add in the parents who recalled the three very liberal members of the san francisco school board with help from chinese voters in the city, will asian-american voters be a factor in the midterms as they
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were in san francisco? >> yes, because there are certain parts of the state where you've got heavily concentrated populations. and, in fact, what's been going on with the so-called independent redistricting commission which is actually, as "the wall street journal" noted, produced a new map of congressional districts that is pretty much the same as what you'd expect if it was a totally partisan democrat gerrymander, but you've got certain -- a lot of it's divided on racial lines, of course, because that's what the democrats are driven by these days. you going to have certain parts of the states where that community's very strong. and they're sick of it too. remember, it's not just the schools. this particular example you're talking about in san francisco is very similar to the harvard case where you have an elite academic institution that for decades has been a symbol of academic excellence, admitting pupils on the basis of performance and achievement. what they tried to do, these woke, far-left extremist school board 34ebs, is get rid of that
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and have a balanced system is. why? because they felt too many smart asian kids were getting in. of course that's so infuriating to those families. and as you say, the people of san francisco, mostly a democratic city, have had enough of all of this. stuart: yes, i can see that. i used to live in san francisco. i lived there for five years. the schools were great, there was no traffic, and everyone was happy. what happened? if. >> oh, my gosh. [laughter] stuart: what a turn around. what happened the democrats happened. stuart: back in my day in the early 1970s, they still had a republican governor. ronald reagan had only just left the governor's house in sacramento. we will be watching you though, steve, guaranteed thing. sunday, 9 p.m. eastern, "the next revolution," only on fox news. see you later, steve. the markets just took a turn, looks like to the downside bigtime. yeah, it is. whoa, what's happened? lauren: okay. so there are reports of a large explosion in the center of a city where the russian
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separatists are in eastern ukraine. vladimir putin has ordered shelter for residents there. he has also ordered the emergency minister to go to a different region. on top of all of this, there is some news from fed officials. the bank of new york president, williams, is saying it is time to start the process of normalizing monetary policy. if so right now you have the dow hitting session lows, down right about 200 points, on these russian headlines intensifying. stuart: yep. >> lauren: could we see a real invasion, there was a large explosion. stuart: mark tepper is with me for the hour. you just herald the news there. >> yeah. stuart: as a stock-trading kind of guy, that's what you do, i don't know about you, but i'd be ratherrer unwilling to hold a big position in the stock market going into a weekend where anything can happen. >> yeah. so, look, this is kind of like -- i'm going to use a golf
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analogy here. whenever i've gone golfing in arizona, i always have one buddy who warns me, keep the ball in the fairway. otherwise you end up in rattlesnake -- [laughter] so the theme for this year when you're investing is keep the ball in the fairway, don't get cute. don't step up to the tee box and try and, you know, hit it as far as you can at risk of going out of bounds. leave your driver in the bag, pull out the p-iron -- 7-iron and just hit the ball straight. don't go for the sexy picks of last year or the year before, just try and stick with simple stocks that are generating cash flow. stuart: if you're going to sell -- not you, but the average investor, if you're really nervous about this weekend, what should you unload first? >> i think you want to avoid any of those longer duration stocks. so, look, like, all the covid darlings, all the stocks that did really well in 2020 and 2021, they're all getting clobbered. you look at roku, shake shack, draftkings, they're all getting
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pummeled. and you know what's working right now? john deere, right? i know there's the song out there, you think my tractor's sexy, but that's not a sexy pick. [laughter] those are the kinds of stocks that are working well right now. just your boring, simple stocks. stuart: by the way, president biden will give an update at 4 p.m. eastern this afternoon. just as the market closes, he will give an update on the situation in russia. i believe he's holding a conference call with european leaders. i think that's later on today. but he addresses the russia issue 4:00 this afternoon. >> interesting he's picking 4:00 to do it. stuart: absolutely, because the market finish i'm not going to say the market is plunging, that's not accurate. >> yeah. stuart: after yesterday's 600-point loss, another half percentage point, you've got a problem. >> yeah. because we were kind of treading water earlier told, and now all of a sudden it's starting to kind of pull back. if it ain't covid, it's china. if it ain't china, it's russia. all of these geopolitical headlines are really moving
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up -- stuart: not to mention the fed. we don't know when they're going to kick off the rate rises -- >> they going to do it five times? seven times? no one knows right now. stuart: it's a dangerous time to be in the market. >> it is. stuart: i'm in and staying in. lauren, what have we got for movers? macies'? -- macy's? lauren: they might see the the biggest jump in holiday sales because they had the inventory, and they made big investments in e-commerce, almost 4.5 million new customers. stuart: ulta? lauren: yeah. it was up 3% moments ago, but celebrity appeal. rihanna has that fenty beauty brand, and she will be selling it at ulta. it's happening march 6th. okay, i know, go ahead. stuart: no p i'm not saying anything. lauren: you're looking at mark,st it's so silly. it's like when kim kardashian and her sisters sell their beauty at ulta, the stock goes up. >> it's trading off headlines,
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right? lauren: sure. something like that. stuart: do you really want to get into -- >> no, i'm out. kim kardashian, i'm done. [laughter] stuart: look at roku. whoa, 28%? ouch. lauren: this is a new low. they missed on revenue, their guidance was week. costs going up because they're trying to expand overseas. not only are today down 28% today, they were down 10% ahead of their earnings yesterday, and they're probably down around 80% from their highs back in the summer. stuart: before we -- i've noticed that if a company doesn't match its expectations and beat them completely, a growth stock, for example -- >> yeah. stuart: -- they get hammered, 20%. >> they're getting super duper punished. whenever a company stops beating and raising, multiples come down. and we're kind of at that point right now where earnings growth is slowing pretty substantially. so you're right. i mean, especially for these stocks that were priced for perfection, the covid darlings as i called them earlier, if they even have a blip in their
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earnings report, they get whacked. stuart: they do, indeed. lauren: and roku, i think, had just turned a profit. so investors are not that forgiving for largely unprofitable companies. stuart: no, they're not, that's for sure. amazon just suspended black lives matter from its charity program. we'll tell you why. parliament shut down in canada as police crack down on the ottawa trucker protests. several people arrested. some protesters still refusing to back down or leave. we'll talk to one of those truckers. we've just learned president biden will give an update at 4 p.m. eastern this afternoon. we have a live report from the white house coming to you next. ♪
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♪ ♪ stuart: president biden will give an update on russia at 4 p.m. eastern told. edward lawrence at the white house. what more do we know about this? >> reporter: stu, what the president's going to do, he's going to outline the diplomatic efforts currently underway. he's also going to talk about that increased russian buildup that's been happening where the russian president is saying he's removing troops. that's not what the u.s. has been seeing. sakss on this -- sanctions could come in a variety of areas. it could be individuals close to putin's circle. the president, though, firm that any sanctions would shut down that pipeline that he green lighted, that president biden green lighted, one of his first weeks in office. listen here. >> we'll impose long-term consequences that will undermine russia's ability to compete economically and strategically. and when it comes to nord stream 2, the pipeline that would bring natural gas from russia to germany, if russia further invades ukraine, it will not happen. >> reporter: yeah, he said
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that standing next to the german chancellor who did not use those specific words about nord stream 2. that leads to the possibility that maybe germany and other european nations are not onboard with all of the sanctions here because one-third of the natural gas that comes into europe does come from russia. now, the pipeline will just increase. that back in 2014 russia annexed crimea when president joe biden was vice president joe biden. sanctions did not work then. fast forward to today, the russian president has taken steps to insulate their economy. he has built up gold reserves, he's stocked up on foreign currencies. russia has cut budgets so their debt is pretty low. he also has formed a closer relationship with china. so still the message here out of the white house is that diplomacy can work. we're going to have to see what the president has to say as to where that stands because the russian president so far has not backed down. back to you.
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stuart: edward lawrence, thank you very much is, indeed. i want to bring in general keith kellogg. he joins me. general, it looks to me as a complete outsider and a non-military guy, it looks like an invasion is, indeed, imminent. what's it look like to you? >> yeah, stuart, thanks for having me. we don't know his intent. you know, vladimir putin is an enigma if wrapped inside a riddle, but if you look at the force he's got on the ground, he's got 70% of his army around ukraine. he's moved forces all the way from siberia. so he's aligned himself with a true invasion force if he wants to go. i -- the issue we have, we're talking past each other, stuart. we keep talking about nato. he's not going to attack nato. he's had -- he said two years ago that attacking nato would be suicide for russia. it would be a truly, lead to their demise, total demise if they did something like that. so we're loading up forces when ukraine's not even a nato
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member, so article v doesn't apply. what i would prefer president biden do is just keep quiet. you know, it's sort of like keeping your powder dry. don't talk about it, just hold it in reserve and force putin to make some decisions and reactions. we're the ones doing all the reactions. he's not talking very much at all. stuart: he's ratcheting up the military pressure. he's going to be in charge of the launch of ballistic missiles tomorrow, supposedly as part of a training exercise. he's reporting now that you've got this explosion in the donesk region, and we've actually got a picture of that explosion. they're not doing nothing, they're ratcheting stuff up. do you think that biden is doing the right thing by not responding immediately? >> well, you know, stuart, the problem is we really can't respond because ukraine is not part of the nato establishment. so article v doesn't apply. this is something that we should
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have been working on well over a year ago and taking ukraine off the table. you know, i go back to what henry kissinger, not a bad diplomat in his own right, said in 2014. he said, you know, ukraine is a sovereign nation, but they should never be part of nato, and they should be a little bit like finland. and probably that is a way to solve your problems where you've got an independent, sovereign nation that is not a threat to russia. putin looks at ukraine as a threat. stuart: okay. what would you want to hear from president biden at 4:00 this afternoon? >> i would actually like to hear nothing, because i think just keep your mouth shut. everybody knows in the world what's happening in ukraine. keep your powder dry. force putin to react, and then you react from there, be forceful about it because putin doesn't care what we're saying right now. he doesn't have any respect for president biden. he's said that repeatedly. so everything we say is going to go for naught.
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stuart: general keith kellogg, thanks for joining us. appreciate it, sir. >> thanks, stuart. stuart: plenty of red, it's not that bad for the dow, down 100. nasdaq down another 133 points. amazon announced it's suspended black lives matter from it charity platform; that is, amazon smile, i believe. why did they do that, ashley, do we know? ashley: yeah, because amazon says the black lives matter or global network foundation has failed to disclose exactly where the tens of millions in donations have gone. amazon says it has suspended that foundation until it complies with the rule, full accountability. as you say, stu, amazon smile is a program that gives a portion of eligible purchases to charities. so far that has raised more than $300 million. but the online retail sear -- retailer says, for now, it will hold any funds accumulated for the black lives matter foundation. and by the way, several states have also revoked the
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foundation's ability to collect donations including california where it's based until a full accounting is provided of what it has done with all that cash. stu. stuart: good idea. where's the money gone. all right, thanks. can you show me meta platforms, as in facebook. $207 per share. it is no longer on the list of the top ten most valuable companies. hey, mark, that's an enormous decline. it was at 384 last year. >> yeah. almost been cut in half. stuart: yes. >> look, stu, i think this is a sock that at this point in time if you own it, i think you want to stick with it. i mean, it is dirt cheap at this point in time. if you don't own it, you might actually be okay to dip your toes in the waters, start to pick some shares up. right now this is a company that's trading at a below market multiple with above market growth. it's a great name to own. they have their challenges, obviously. they're to focused on the metaverse, that is -- that's long ball and investors don't
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like long ball right now. they want to get paid right now, today. and then, obviously, their core business, their advertising business, the whole privacy thing with apple on their iphones hurts them quite a bit because it took their competitive advantage, their secret sauce and just threw the it right out the one -- window. stuart: and i don't think they face any kind of regulatory threat this year. >> because their market cap's, like, $500 billion now. i think they fly under the radar. stuart: democrats and republicans don't know what to do with these companies. it might be an idea to buy at $207, he says to himself -- [laughter] i mean, i've never seen a company that big come down so far, so fast. i just haven't seen that before. >> it's incredible. one of the takeaways is maybe you shouldn't change your name. so square switched to block, and their stock went from, i think, like $280, it's probably around $100 today. stuart: really? >> and facebook switches to meta, and it's basically cut in half. so don't, don't change your
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name. stuart: don't change your name. [laughter] listen to this. apple is rolling out a new tool that would let you unlock your iphone without taking off your mask. oh, i can't wait for that. [laughter] >> come on. stuart: 30 million people visited florida just between october and december of last year. that is extraordinary. congressman byron donalds, he's from florida, he represents part of florida. he's going to take a victory lap next. ♪ ♪ ♪♪ care.
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♪ have a nice day, have a nice day ♪♪ stuart: have a nice day. okay, well, we'll try. you're looking at the statue of liberty, new york harbor. if you like the music we play, make sure you're following us on spotify, because we post a new playlist every single week. on the market, still plenty of red especially for the nasdaq which is down 135 points, adding to yesterday's losses. come on in, susan. let's have a look at some of the
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movers. start with ford motor company, please. susan: outperformance today. ford is looking to split up its business according to reports, and they want to spin out their electric car business separate from this older, slower growing gas combustion business. makes sense especially as today try to unlock more value when investors are paying premiums for names like rivian and tesla. we know yesterday that the mach e being names consumer reports' car of the year for 2022, stu. stuart: okay. what's this dupont pilgrims deal? susan: yes. dupont giving $-- getting $is 11 billion in cash for selling pilgrim's pride. they did get a revised, higher bid for the over 20% that -- other 20% that jpa didn't own, but they said $11.2 million not good enough for us. there might be some regrets
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there. stuart: apple. my prompter says apple mask. finally in the upcoming -- susan: so finally. stuart: what's this? >> i don't know if you've tried to or if you've installed face id on your iphone -- [laughter] it's an iphone 8, so maybe not. but, look, in the upcoming apple operating system update in march march, next month, iphone is going to leapt you unlock your phone even if you're wearing a mask or sunglasses -- stuart: that's so cool. susan: it is. but here's the thing, is that -- stuart: that's worth my while getting an apple 13 so i can actually get into the thing -- susan: 14 this year. yes. but also don't you think it's a little too late? because aren't we already near the end of these mask mandates? i know they're being loosenedded up a bit. stuart: i'm sorry, susan, i really don't care. forgive me, i've got to wrap this up because we've got adopts in ottawa. i've got to go straight there.
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grady trimble is right there in the middle of it. what's happening right now? >> reporter: stu, tensions are rising as police move in on the main protesters here. i want to pan off so you can see exactly what's happening. there's actually a protester bumping into police with a flag pole. so on the left side of your screen, you see the protesters. on the right side of your screen you see the first line of police. but look farther back. all of these police in bright yell elope vests are moving into this area. this is the main area where the protest has been taking place. over the last 32 days -- 22 days here. and police have sent the warning to these people that they've got to get out of here. and a lot of the people we've talked to say we're not moving. and just want to set the scene so you can see how close we are. this is the start of wellington street where the truck blockade begins. parliament is maybe two blocks up the road.
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and police have made arrests on the outskirts of the downtown area, and now they are clearly moving in, stuart, to the main part of the protest. but the issue here is there are also quite a bit of protesters here still as you can see from this line of people. right now they're chanting freedom, and they seem prepared, stuart, to get arrested for this cause. stuart: all right. grady trimble right in the middle of it. excellent stuff. it's happening right now, and grady's showing it to us as it happens. thanks very much, indeed. i'm going to segway just for a moment. the gentleman on the screen is patrick king, truckers' freedom convoy co-founder, and he joins me now. are you staying until the end, sir? >> yeah, absolutely, we are. we've already discussed this long time ago that we will not back down. stuart: are you going to fight back? could it come to violence? it looks pretty dramatic right
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there right now. >> it will never come down to violence. those people have nothing to do with our trucks. they're there to fight for their rights and freedoms, and that is allowed under our constitution, and that's their god given right, to stand and protest. it's part of our constitution, freedom of protest. stuart: but it looks like the police are moving in in real force and do have the force and the capability of clearing out the trucks and the protesters. are you resigned to that happening eventually? >> right now we're in negotiations. we're discussing some different contingency plans on what we'd like to do. we will be doing a press conference here in a little bit. right now we're just asking our drivers to just stand fast and just hold the line for a little bit, leapt us get to you guys, leapt us figure stuff out. stuart: have you got any kind of deal with the trudeau government? that is to say you might move if they dropped the vax mandate? any kind of deal discussion like that in -- that?
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>> those were our demands. we will move if they drop all mandates, absolutely. that was given right at the very start. but with our government right now we're second class citizens compared to the liberal government, so they don't even want to discuss anything with us. they don't care. they're running this country like communism. well, in communism you don't have a voice. stuart: american truckers or are organizing convoy ises due to arrive in washington, d.c. on march the 6th. do you have any advice for the american truckers? >> stand your ground, hold your line. do this peacefully if, do it nice, do it professionally. we are professional drivers. we know what we're doing. and let's do this properly without any violence or anything that happens to any of the citizens. let's do this appropriately. stuart: did you keep the support of the canadian people? >> we always have the support of the canadian people. the canadian people have spoken very loud as well as the world has spoken very clearly of how they feel about what we're doing
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up here. stuart: patrick king, thanks very much for jumping on the show with us right at the time when they are trying to clear the folks out of ottawa. we appreciate you very much. thanks very much, patrick king. >> thank you. stuart: there is now action in ottawa. the police are moving in, in force. we just saw it, moving the trucker ors away, moving the protesters away. they haven't got to the trucks yet, they're just moving the protesters. but there's a lot of police force right there, and it's happening right now. all right. moving on, a cargo ship filled with thousands of luxury cars -- there, that's a much better shot of it. last time we tried to show you this, we had guys jumping out of helicopters. that thing burst into flames, and we're told there's a whole bunch of porsches onboard that ship. if you want to know where where your por if, is -- [laughter] check out that ship. all right. we've got this too, a father in north carolina speaking out against crt in schools. he says that parents are the most powerful group in the country, and they're taking back
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the wheel, as he says. that's next. ♪ talking about freedom. ♪ talking about about freedom. ♪ i will fight for the right to live in freedom ♪♪ if you wake up thinking about the market and want to make the right moves fast... get decision tech. for insights on when to buy and sell. and proactive alerts on market events. that's decision tech. only from fidelity. that's decision tech. living with metastatic breast cancer means being relentless. because every day matters. and having more of them is possible with verzenio. the only one of its kind proven to help you live significantly longer
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stuart a cargo go ship caught fire in the atlantic ocean. ashley, what's onboard that ship and how did the fire start? ashley: a lot of expensive cars. authorities say it did start in the cargo hold. we're not sure exactly what happened, but it did force all 22 crew members to abandon ship who did so safely, that's the good news. but the vessel, loaded with porsches, lamborghinis, it's now adrift in the north atlantic about 90 nautical miles southwest of portugal.
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the 650-feet-long ship was bound for rhode island from germany. it's operated by a japanese shipping line. it's arranged for it to be towed as it continues to burn. in the meantime, a portuguese navy ship trying to conduct an inspection to see whether it is in danger of sinking. it does not look good. the condition of the cars onboard, unknown. probably not great. and also, by the way, one man tweeted that his custom-ordered porsche spider 2 worth more than $100,000 is on that, apparently, doomed ship. stu. stuart: it's a great story though, isn't it? if i feel sorry for the guy and all those cars, but you don't often see things like that now, do how you? [laughter] thanks a lot. i've got a number for you. look at this. more than 30 million people visited florida just between october, november and december. that was 2021. and that number is higher than the tourism level before the pandemic.
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congressman byron donalds, republican from from florida, can be excused a large smile this morning on the grounds that he's from florida. look, i'm not surprised by this number, although it is absolutely huge, but there's a problem here. if all those tourists brought inflation to your state. that is the down side here, isn't it? >> they did in part, but, i mean, look. here's the deal, when you have got aoc and the radical left coming down to vacation because even they've got to get rid of the -- they've got it right. stuart: you are a remarkable politician. right from the start you managed to take a swipe at the radical left. [laughter] >> oh, it's to no swipe, they love florida. everybody wants to be free, even the radical left. and let that be a message to everybody in america, we just want freedom and opportunity to live and to enjoy the beach.
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stuart: you're doing well down there. something different for you. a father in north carolina speaking out against crt, create corral race theory, at a school board meeting. -- critical race theory. >> person who tells my little pecan-colored kid that they're somehow oppressed based on to color of their skin would be absolutely wrong and absolutely at war with me. parents, the most powerful group of people in our country, they're taking back the wheel. [applause] crt, all of that, the parents don't want it. it's a big fat if lie. stuart: that is one very articulate man. congressman, do you have to fight crt in the schools in florida? >> well, that's something that our state legislature right now is in the process of fighting to make sure we ban it in our schools. listen, parents just want a very simple thing. they want their children to be taught, not indoctrinated. also in our legislature we're fighting gender fluidity right now happening in our state's legislature because parents have spoken loud and clear in school
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board meetings all across america. teach our kids history, teach them math, teach them writing. teach them basic things, but don't get into the indoctrination mill. we simply don't want that. we want our children to rise and fall based on their own merit. stuart: i think the republican party should have an education policy going into the november elections. this is just my opinion. i think that policy should include a vast expansion in charter schools or private schools or voucher-assisted schools. what do you think about that? >> oh, no, i'm totally onboard with that. i think the time has come in america where the money must follow the child. parents should be in the driver's seat when it comes to picking the environment for their children to be educated. we should make sure that every parent, rich or poor, has purchasing power to go find the situation and the institution that best suits their child's needs. if we do that, our country will be better off. our children will be superiorly
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educated. stuart: we always enjoy you on the show, today's no exception. see you again soon. got it. >> thank you. stuart: "the new york times" says joe rogan's spotify deal was worth at least $200 million. now, that's double the amount from the initial report. mark tepper's still with us. ah, let's see. bashing rogan has backfiredded. >> yeah. isn't that crazy? the cancel culture mob, hay all wanted him gone, and i think it kind of backfire pded, and it almost acted like free advertising for the guy. think about it. there are people who never listened to one of his shows ever, and all of a sudden they're, like, what's all this fuss about? let me go check it out. so it's helping him out. kudos to rogan for the way he handled the situation when everyone was trying to cancel him, and kudos to spotify's ceo who, what did he say? canceling voices is a slippery slope. good for him. stuart: yeah, good for him. with him all the way. mr. tepper, thank you for
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sticking it out. you are a glutton for punishment. >> always my pleasure. stuart: oh, don't go anywhere. friday feedback is next. ♪ it's a no-brainer. ♪ can we be for real, baby? ♪ it's a no of brainer ♪♪ your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire hearing is important to living life to the fullest. that's why inside every miracle-ear store,
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♪ just got paid, friday night ♪♪ stuart: that's a different view of vegas, isn't it? not the strip. all right. it's time for friday feedback. come on. lauren, susan, ashley, let's get started. here we go. spartan dave, interesting title. [laughter] if you made your first sport bet on the super bowl, you would have won. i was going to bet turned on turned/over, and i would have won, but i didn't bet with. i've never wet in my life -- bet in my life. did any of you bet on the game? >> no. lauren: i thought of you when they poured the gatorade. it was blue, and you said it would be yellow. i could be wrong. susan: halftime show was my
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favorite. stuart: glad you got that in. [laughter] russell says this: ye, you're right -- yes, you're right, the individual beatles were never as good as a group. however, mccartney's wings were good and, in my humble opinion, much better than lennon and yoko. what do you think of wigs, ashley? [laughter] ashley: you know what? when i first heard this, i thought, no, it was never my kind of music. i like jets, i like band on the run, i like live and let die, and i also like -- [inaudible] so i think to myself, there's no way they're going to be as good as the beatles, but there were some songs that i liked. stuart: have you ever heard of wings, susan? is. susan: i have. i still can't get over the fact that stuart is anti-paul mccartney because -- stuart: he insulted president bush about his readership of books and libraries. i've never forgotten it. i hold a grudge.
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susan: apparently. stuart: not really. [laughter] comes to us from meritt. i was just notified that my 9-year-old granddaughter was called into the principal's office. she was protesting the mask mandate at her school with other young protesters. i've never been more proud. well, you've got young children, lauren. what do you say to that? lauren: i would be proud along with him. i'd love to know what state they live in. good for his granddaughter for standing up. stuart: yeah, i agree. i don't mind activists emerging from our schools so long as they're not radical activists. [laughter] mickey says this one. hi, mr. varney. i'll be in sarasota area next week. parents winter there. wish your panel would be out. would have dragged my dad there. sir, you can still participate in the silent auction. you can, you know, bid on a dinner with me -- [laughter] at the moment the price is $11,400 for dinner with bret
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baier, $11,30 for me. -- 11,300 for me. [laughter] i don't think he's worried at all. brennan writes this: hey, stuart, are you actually a manchester city fan, or do you like them only because they're the best? what clothe did you like -- susan: you're answering that for me, susan, i know you are. susan: you like winners. yes, exactly right. ashley: bandwagon. susan: yes. exactly right. no loyalty. stuart: the team that i grew up supporting was darby county. ashley: yes. stuart: very few people know this, but ashley was almost a professional footballer with brighton. isn't that true? ashley: it is true. i got cut during the trials, but, you know, my hometowning team. and they're doing great right now, so there you go. just not with me. susan: were you a midfielder? am i allowed to ask?
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stuart: say it again? susan: midfielder? defense? stuart: winger. ashley: i played right wing. i used to be fast, back in the day. that was the thing. stuart: he's a sprinter, is our ash. lauren: i'm so confused. [laughter] stuart: last one from john. this is a good one. when asking the trivia question, how about revealing the choices for your radio listeners? thanks. you've got it, john. that's a very good idea. and it's the perfect time for our trivia question of this day, friday. here we go. what is the longest roadway -- i can't read it. what is the longest roadway in the world? pan-american highway, trans-siberian highway, trans-canada highway or the china national highway. you can all have a guess. ashley: siberia. stuart: i would say siberia with. ashley: siberia. stuart: i'm a siberia kind of guy on this one.
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susan: i'm number 4. ashley: very cold. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. ..qq .. an agent of innovation with invesco qqq who's on it with jardiance? an we're 25 millionion prescriptions strong. with invesco qqq we're managing type 2 diabetes... ...and heart risk. we're working up a sweat before coffee. and saying, “no thanks...” ...to a boston cream. jardiance is a once-daily pill that can reduce the risk of cardiovascular death for adults who also have known heart disease. so, it could help save your life from a heart attack or stroke. and jardiance lowers a1c. jardiance can cause serious side effects including...
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the answer is the pan-american highway. 19,000 miles long, starts at the top of alaska, to argentina. thanks for a great deal. check the markets. president biden speaks on the russia situation at 4:00 this afternoon. my time is up, thanks for watching. dave: thank you, welcome to neil:. breaking news from around the globe. president biden giving an update as fears of war between russia and ukraine are mounting. a major crackdown in canada as police arrest a free freedom convoy organized. tow trucks are mind. we have a report from the center of action up north.
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