perspective as far as what we'll see next week or what we won't see next week. the president of the united states in east palestine, ohio. its been more about one month, since that derailment happened, cancer-causing chemicals into the air. the commander-in-chief mia to this point, cheryl, because he knows there's no political up side for him personally by going there while people are suffering. maria: yeah, good point cheryl final word? >> i'm also focusing on-the-job s report as well. i agree with john lonski and expecting a big revision. remember how shocked we were a few weeks ago, maria, with that 517,000 number we got for the month of, that was, we were all sitting here in the studio going what? maria: yeah, a lot of questions about the jobs numbers for sure we'll be covering that and have all hands-on deck. thank you cheryl casone, john lonski and joe concha. great to see you all and have a great weekend on maria bartiromo wall street, first "varney" & company stu take it away. stuart: good morning, maria, good morning, everyone. two vetoes it tells a lot about the politics of president biden.

he's killing the ridiculously radical d.c. crime bill and running a mile from anything that sounds like defund the police, killing it but he's vetoing a bill that would have stopped green investing. in other words, his first veto will be used to make sure the government has some control of your pension money. florida's governor ron desantis, he's going to iowa, now what does that tell you? iowa will hold the first republican primary so a parade of presidential hopefuls will be going, with desantis on the way, right after publishing a book about his vision, is there any doubt he's running? you should have chimed in there, lauren, and said no. okay to the market. i just prompted you there. to the markets, interest rates have had a big influence on stocks today. lauren: yes! stuart: [laughter] a little change for rates, there's still at elevated levels nothing funny about that of course. the 10-year treasury this morning yields what, just a tad under 4%. the two-year coming in at 4.84 as we speak.

now, these elevated levels on treasuries mean that rate on 30 year fixed rate mortgages is back above 7%. modest gains for stocks this friday morning. the dow is going to be up about 140, s&p 24, nasdaq maybe 85 points not bad. on the show today, another call to use the military against the mexican drug cartels. former attorney general bill barr says they must be treated as terrorists and attacked using military force inside mexico. he's guilty the jury found a couple hours to find alex murdaugh guilty of killing his wife and son and in a half hour he will be sentenced and you'll see it. friday, march 3, 2023 "varney" & company is about to begin. we are going to start with this. the jurors in the alex murdaugh trial have found him guilty of

murdering his wife and son. todd piro with me. that was a very fast jury decision, and it's going to be a fast sentencing in about a half hour. todd: it was a decision not necessarily that shocked a lot of people but it was the timing that shocked a lot of people. you heard experts say, you can't review the exhibits in three hours, let alone deliberate and come to a decision so clearly they went into that jury room for deliberations knowing what they were going to do, and basically, every expert that i talked to this morning and throughout this process said the big mistake, even though it was a gamble at the time, proved to be wrong, was putting him on the stand. the jury did not like him, did not believe him and wanted to see him guilty. stuart: okay, a couple of the sentencing at 9:30 or between 9:30 and 10:00, we'll cover that and figure out what's going on but i want to transfer to the story of the vetoes. president biden says he will not allow d.c.'s wildly radical crime bill but he will veto the bill that would have stopped him implementing woke investing

rules. in other words, they don't want to be anywhere near defund the police and he doesn't want to do anything about stopping him controlling our pension money. how do you see it? todd: on the first point, i find it interesting that president biden did this in a year that ends, because typically democrat s don't care about crime in non-election years. it's only in election years where they start waking up saying people want to be safe. let's do something so we do, i guess, have to give the president credit for saying hey, d.c. needs to be safer. we're going to make it safer and it does foreshadow a split within the democratic party because obviously, the aoc's of the world saying this is a horrible decision but to your point. on the underlying economic climate aspect of this , he sided with the left flank of his party, and so did he give a little to get a little? maybe. i mean, i think he's scared to a certain extent still of the aoc of the world even though they have not had a good run lately. look at chicago and at the da's

race in san francisco but at the end of the day he sided with them on climate, because at the end of the day, that seems to be all of this administration cares about. stuart: i agree. he sided with them on climate and he doesn't want to go anywhere near defund the police. if you look at the details of that d.c. crime bill it's really crazy. todd: it makes no sense. like let's give car jackers a much easier time. pro-car jacker which is not a good campaign to run on. stuart: jury trials for misdemeanor cases, can you imagine this? todd: doesn't make sense. stuart: if you use a gun in a felony the maximum sentence is four years, not 15. todd: still the mayor vetoed this and she's a hard core left democrat herself. stuart: yes, she is. okay. all right, todd many thanks indeed. a number of democrats skipped out on a speech that president biden gave at a retreat in maryland. where did they go instead? lauren: the joanie mitchell tribute concert in washington. i might have done the same thing she's saying not one of her own songs, she did a cover that was amazing of "summertime" anyway these are the house democrats

like max frost, dan kildy, but also senators klobuchar, and ree d, they attended and did not see the president speak at the retreat and they instead went to the concert and joanie mitchell received the gershwin prize for popular song from the library of congress, james taylor was there , brandy carlyle but that group was not. i mean, was, was not with the president. stuart: the democrats who skip ped the speech and went to the joanie mitchell tribute concert. lauren: correct. todd: she covered the fresh prince of bell aaron summertime? lauren: no. stuart: i'm going to get serious , california senator dianne feinstein has been hospitalized. now as long as she's in the hospital she can't vote in the senate so lauren what do we know about her medical problem? lauren: she has shingles. she was diagnosed and found out about it in february and she's been in the hospital in san francisco. she's 89. she says she expects to make a full recovery but to your point,

she missed a dozen votes and two committee hearings since coming down with the shingles. she already said i'm not running for re-election in 2024. she's the longest-running female in the senate. she's been there since 1992. stuart: it's important because john fetterman from pennsylvania is also hospitalized, dianne feinstein is hospitalized. the democrats have a majority of just one in the senate with two out. they don't have that majority. lauren: they just called in the vice president. stuart: yeah, interesting situation developing here. all right, let's check the two- year treasury yield. we're checking it because it's at close to the highest level since 2007. is that some kind of decision? lauren: it is, because the two- year yesterday it was 4.94% right near 5%. that's especially concerning about the outlook for the economy. you have a whole yield curve yesterday above 4%, you had two, 10, and 30 at one point above 4% so the two-year is very sensitive to fed rate hike expectations and the worry is

disinflation doesn't exist. maybe that whole talk, it's dead now. we've got the ism manufacturing report earlier this week. do you remember that component in it, prices paid that keeps going up and that's inflationary we'll get the services sector read today. things are still expensive. stuart: the gentleman on the right hand side who is brightly colored this morning is dan ives. welcome to the show, dan. >> great to be here. stuart: elegance extremely, well done, young man. now how much attention to you day when you're analyzing companies, how much attention do you pay to interest rates as they are going up? >> its been the biggest headwind for tech stocks. if you go back to the last year and i think right here, it's all tech wants to go higher but the fed talk continues to keep a cap on it. this is an important sort of, you know, a tug of war that's going on. stuart: you've got no choice. everybody on wall street has to look at the fed. >> but i think and then ultimately, you have, are we in the eighth or 9th inning of rate hike and that's a risk on

investors seeing forest through the trees here. stuart: interesting talk to me about tesla because they have their investor day. a lot of people throw cold water on it. what did you make of that investor day? >> i think investors always want more meat on the bones but i think what they really did was they laid the groundwork for the next decade in the ev world right now, tesla continues to have that massive lead and i think that's the important thing. you have others stumbles in terms of lucid, rivian, and ford , and yet, this is really a flex-the-muscles moment from musk and tesla. stuart: is wall street confident that elon musk has the managerial talent to develop tesla even further? i mean, did they have, are they confident in musk? >> look, i mean, there's always skepticism on tesla story. it was at 5 billion and was it a trillion in terms of market cap but i think if you look at what he's building the global capacity now it's really tesla's world everyone else is paying rent in terms of what's happening with electric vehicles

i believe there's more institutional ownership of tesla , because now more believe in this sort of green tidal wave and tesla is going to lead it. stuart: spacex is part of the tesla company, right? do you follow spacex as well? do you look at the launches and the satellites? does that play a role in tesla's stock? >> yeah, like we cover space and i think it's very important in terms of the overall musk echosystem because if you look now at spacex, of course tesla and now twitter, it's all part of really what musk has built and you definitely have cross- polination there and i think it just shows. you're talking about someone that many view as a modern day albert pujols einstein, that went through twitter, that was obviously a black cloud that started to dissipate. stuart: last time you were on the show with us you had a price target for tesla. i think it was 3 hyundai think. was it? >> so that's full case tesla, 225 is base case, and you look so far this year, i think that

many were yelling fire in a crowded theatre yet the stocks had a huge move, because in my opinion, along with apple, and along with microsoft, these are some of the most transformational companies in the world going forward. stuart: good, okay, dan, you're with me for the hour. we'll get into the other stocks later on. thank you very much, sir. coming up a mother in michigan lost two sons to fentanyl. she tearfully pleaded with lawmakers do something. roll tape. >> i told them to take it away. you talk about welcoming those crossing our border, seeking protection. you're welcoming drug dealers across our border. you're giving them protection. you're not protecting our children. stuart: rebecca kessler wants action. she wants something done. she's going to be here with her heart-felt message a little later in the show. cpac kicking off its third day. one topic taking center stage is the future of the gop. looks to me like cpac is looking backwards not forwards. we will get the highlights after

this. ♪

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what's going to be focusing on in 2024. later today it's going to be all about 2024 because you've got two of the three declared republican presidential candidates on the stage right here behind me, including former u.n. ambassador nikki haley and also looking to see whether or not people drop any hints about any potential plans they have, their intentions about running, in addition to nikki haley we're hearing from author and activist vivek ramaswamy and former secretary of state mike pompeo addressing the crowd and former president trump is the final speaker saturday. cpac's crowds certainly already seem to have their minds made up for 2024. this is a very trump-friendly crowd and even one of his sons is here walking around the convention hall but what's interesting is on stage we've heard from some republicans aiming at within the party telling the party that there are changes that need to be made. >> unfortunately, some of the leaders of our old republican establishment, they have been in washington way too long, forgotten why they came

here. they've gotten used to caving into the democrats. >> now florida governor ron desantis who many consider to be a likely 2024 candidate is skipping this years cpac conference, instead, last night he was at a club for growth donor conference down in florida my colleagues at fox digital report that desantis even told the crowd, "some of these republicans, they just sit back like potted plants and let the media define the terms of the debate. they let the left define this and take all of this incoming because they aren't making anything happen" so. much focus is not only on what desantis is saying behind the scenes but what his next moves are, like i mentioned he's not here at cpac. he attended the last two years but of course it was down in florida but stu a week from today he's in iowa. why is that so important? of course the first presidential contest state, and it's interesting, right after desantis announced he's going to be down there, trump announced he will be down there just a few days after that. stu? stuart: mark thank you very much indeed. mollie hemingway joins us this friday morning.

mollie, i think my opinion is this years cpac is too focused on looking backwards, not forwards. what say you? >> well, i'm actually headed over there shortly after this to be on a panel where we discuss what house republicans are doing to investigate the biden family business, which is an issue that's affecting, you know, the congressional agenda this year. now, it is true that off years for cpac are always a little different than when there's an actual election that year, but like we just heard from mark , all of the announced candidates for the republican nomination for president will be speaking and it's always just a good idea to check in with the base of the republican party and see what issues interest them. people in d.c. and new york frequently forget that they have to actually get these people's votes and so finding out what the base wants is good for everybody. stuart: now, mark just reported that this is a very trump- friendly crowd at cpac this year. you agree with that? >> well, it's a very trump-

friendly republican party. the most recent fox news polling shows that trump dominates what republican voters say they want for him to be their 2024 nominee , followed shortly, you know, behind by ron desantis the two of them together get more than 70% of the vote from the people polled and i think that does show that the republican party voters want that type of candidate, just like governor desantis just said someone who will fight the media , who will fight the left, who will actually do things, take action. they are kind of done with this old republican party where you just cow to you to what democrats are saying. it's just like what senator rick scott said. he's working with senators who frequently vote with democrats on some of the legislation that voters do not want, such as that $1.7 trillion stimulus that was supported by mitch mcconnell. stuart: well, desantis is not at cpac this year, but he is going to iowa next week. he's obviously running. i mean, he can't escape that but

why isn't he at cpac? >> well, i'm not sure entirely. it could be because it is a very trump-friendly crowd so he doesn't want to provoke a fight there, but i do think that it is , you know, both of those candidates are altogether different. trump and desantis are the ones to beat. they are the ones that excite republican voters. nobody else whose thought about running or is running seems to generate that kind of excitement it shows that the way forward for the republican party is this new in viega o rated, you know, bold taking on of the media, taking on of the left , with really interesting policy ideas, such as how to combat big tech. how to reform education and the old way of not really focusing on those things is not going to work for republicans so the more people who can follow the lead of trump and desantis will probably do well for , you know, for other governors and other people running for office. stuart: mollie i'm sure you were

watching attorney general merrick garland when questioned about the politicization of the department of justice. what's your opinion on his performance? >> it was interesting also the interview this week with bret baier of chris wray from the fbi. both of those , the testimony and the interview showed a very smug and arrogant leadership of our department of justice. they know that they have politicized this department. they know that americans don't trust it, and they don't seem to care. it's almost like they're excited about what they've done but it's very bad for the american people to not have a department of justice or fbi that they think is a political or that they think they can trust. there have been so many egregious errors in how they run investigations and how they have been so politicized, leaking things to allies in the press instead of just being an impartial justice department, so it's a big problem for them. stuart: it sure is. mollie hemingway thank you very much, have a great weekend, see you later. two congressmen got into a debate over maybe a potential matchup in 2024 between desantis and biden. tell me more.

lauren: it was the republican from florida that's frequently on the show, byron donald, and the democrat from new york jamal bowman, i call this friendly fire. watch. >> that's all i'm saying. >> desantis? >> come on, man. >> he's a white supremacist. >> no he's not. >> both of them are going to get crushed. >> stop, by who? please. >> come on now. >> please. >> biden passed three bipartisan pieces of legislation after an insurrection during a global pandemic opened backup the schools. >> come on, man, are we talking about -- >> will wipe the floor with desantis. >> in what world? stuart: [laughter] it's good. lauren: so donalds combated with , well you got inflation, the border, and fentanyl. they hugged it out in the end. i don't think you saw that but let's say desantis is the republican nominee.

the democrat attack will be what you just heard from congressman bowman. he's anti-gay, he's anti-black. that's how they are going to hit him. stuart: bowman said desantis is a white supremacist. lauren: that's what they are going to say. you just heard it. stuart: i heard it, it stuck out too. interesting debate. check futures please the market opens shortly. we're going to be up not much but up about 130 on the dow. the opening bell is next. ♪ ♪ you'll always remember buying your first car. but the things that last a lifetime like happiness, love and confidence...

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lomita feed is 101 years old. when covid hit, we had some challenges. i heard about the payroll tax refund that allowed us to keep the people that have been here taking care of us. learn more at getrefunds.com. stuart: some green on the left-hand side of the screen this friday morning, and mark mahaney is with us today. all right, mark. a big question. is big tech in any danger of being broken up by congressional action? >> um, i hope not. i just want to make one economic point which is that leave the politics aside, i just all of us should recognize as americans the innovation that we've got out of these companies and the fundamentally deflationary impact that they've had to enterprises, the consumer s whether it's gaining access to information,

whether it's shopping or entertainment, so these are some of the most innovative companies that we've seen in quite some time. i just want to make sure we don't throw the baby out with the bath water. i don't think they get broken up but just from an economic perspective, i'm cautious, i'm very careful about the attempts to break them up. stuart: well i've heard them talked about as being the crown jewels of american business and actually, i would go along with that because they are spectacularly good. now, usually, you go with the big name company, and analyze it forward, but today, you're going down market. you're going to something called duolingo. a language app apparently. you like it or you hate it which is it? >> so look, i want to come with something that's a little different and new, a company that ipo'd about two years ago. they are a language learning app on your mobile phone and entertaining but a very effective way for anybody to pick-up a foreign language and an interesting business model growing their top line about 40% high margins just turned a corner on profitability.

if you ever travel overseas it's a great way to brush up on italian, german, mandarin, whatever you want to learn and this is one of the companies where it's a founder-led company , a leader in a small little vertical generating about half a billion a year in revenue valuation is expensive stock but you've got a really nice niche asset here so i want to keep people in front of an interesting new idea in the small cap space. stuart: maybe i shouldn't have said you're going down-market. maybe that was wrong of me to say for duolingo, and i do apologize for fans. >> okay. stuart: mark you're all right thanks for joining us, sir, on this friday morning. the market opens -- >> have a nice weekend. stuart: the market opens in 15 seconds we're expecting a very modest gain right at the opening bell. >> [opening bell ringing] stuart: there's nothing really strongly pushing stocks higher or lower. it's kind of in the early going. kind of steady as she goes. here we go we're off, we're running on a friday morning and what do we got? we got the dow up, it's very excited people on the right hand side of the screen there, with

the nasdaq. the dow is up 118 points, 120 points as we speak. look at the dow 30, the vast majority are in the green, so we've got six losers at this point. s&p 500 a broader market indicator up nearly half percentage point, nasdaq composite a very broad indicator , up a half percentage point. so let's have a look at big tech this morning. where are we now? all of them up, meta is up 2.3% nice gain. apple still shy of 150, amazon $ 92 a share, alphabet $92 a share and microsoft is at 252. i want to talk about tesla. susan is with me. are they benefiting from china's rebounding market? >> that's the reason why the stock is rallying so they sold over 74,000 cars in february and that's up by almost one-third from the year before, even higher than january. what we call sequential acceleration there, and that's good news for tesla, because they are hoping to get to

1.8 million car sales for this year and we know china is tesla's second biggest market , largest car market in the world and despite the buy the rumor sell on the news type of sell-off we saw on investor day this week, tesla is more popular than ever amongst individual investors. t you see that? so net retail purchases of the shares have totaled $14 billion so far this year. remember we're only two months into 2023 so two months $14 billion for all of last year they bought $17 billion and that was a record number, so you can imagine we're only two months in and there's more buying to go, possibly more cash come off the sidelines and possibly into tesla. that's why it's up 55% this year stuart: the little guy the retail investors doing well putting that money to tesla >> 55% so far this year and as you know it's a momentum-type of stock which i'm sure dan ives will tell you about, and it's also driven by a singular figure at the top. stuart: okay, i've got to move on to costco. you know it's a company that i

really like to -- >> shop at. stuart: i do. i believe that the stock is down 2.7%. what's wrong with their results at this point? >> it's pretty mixed. i thought guidance was a little bit light so they are had better profit and sales to end last year but e-commerce sales online digital sales fell. that's not a good sign, right? it was down 11% which is double-digits so i was surprised guidance was a bit light for this quarter and beyond but they talked about this trade- down effect for these discount retailers so richer households are trading down and shopping more at the likes of costco, discount bulk buying there and you heard the same thing at kroger yesterday, where they said 1.1 million high income households started shopping at kroger to end last year. same thing at walmart as well because of high inflation and a slowing economy. membership fees will be important. i don't know if you pay your $60 a year for that membership fee. i doubt it, but -- stuart: somebody else does. >> but over and over again, on that call people asked well when are you raising the membership

fees and they usually do it five -to-six years last one was 2017. sam's club did it last year so let's get going with that and possibly increase the bottom line. stuart: okay, fascinating story and costco is one extraordinary company. >> how often do you actually go to costco? stuart: only when i'm in florida >> of course when you go to meet and greet your fans. stuart: i get mobbed in costco. companies, some of them reported earnings this morning. wait a minute. c 3ai. the moment you say ai, the artificial intelligence, the stock goes up. >> the ticker symbol is ai too, but this is a monster stock, so far, in two months time. up 90% in eight months, right? this is a cybersecurity ai-type company and they reported smaller losses than expected. sales were higher to end last year and they are raising sales guidance for this quarter, also four price target hikes this morning $24 at wedbush apparently so here we are. stuart: whoa what a gain! moving on, nordstrom.

used to be one of my favorite companies. i heard this morning they are closing all stores in canada. >> interesting, so you used to shop at nordstroms and now, this company, this retail company is in trouble. okay, so they are cutting 2,500 jobs, closing all their canada locations. they reported lower sales and profit during the holiday period , but actually those numbers did better-than-expected, still you have this bifurcation taking place in retailing. those that have managed their inventory, brought in shoppers and foot traffic but those that have not so nordstrom is one, gamestop, i call them the meme lord, he's now an activist investor in nordstrom so he wants changes turning the company around. he wasn't successful at bed, bath and beyond but this type of reaction is interesting. stuart: another one. broadcom. did they report this morning? >> yup, the supplier here. pretty aggressive acquirer the past two years and tried to go hostile and buy qualcomm which failed but they beat on sales of profit raising guidance because of the ai boom and

closing a $61 billion to buy vmware in the next three months and speaking of chips i want to bring up marvel because these are the names that benefit from this artificial intelligence boom we're in with chatgpt. so this is really surprising that marvel came in shy by a penny on their profit. sales came in stronger but their guidance was not great given where we are with this ai boom. stuart: yeah, right. you mentioned the word ai. related to a stock but marvel goes down 9%. >> right. stuart: i don't know. >> so the chipmakers like nvidia, marvel is supposed to benefit. stuart: i'll read off the prompt er and you explain it. meta reports say their roadmap for their augmented reality plans leaked. >> [laughter] stuart: okay what did the leak show? >> well, yeah, i mean, i'm not sure that's the reason why the stock is up. the reason why it's outperforming today is because of brazil, so they just announced that what'sapp can now you can do pay on what'sapp. do you know what that means?

i'm trying to explain, what's the basic way to explain to stu what what'sapp does and how you pay, for instance you can pay me if you use what'sapp in brazil so that's why the stock is -- stuart: really? so i can pay you on what'sapp if we lived in brazil? wow, sensational. >> well, no, because brazil is one of the largest emerging markets and i think what's the population there, like 300 million i think? stuart: it's big. >> so i know it's a big deal, stu, and the futurity happens in brazil it could happen elsewhere stuart: thank you, susan. i've been educated. >> [laughter] stuart: dan ives is still with me. >> your turn, dan. stuart: the colorful dan ives, elegance in the extreme. you've got stock picks. okay, let's start with microsoft , which i own as you know. >> yeah, look. if you look at cloud despite the macro, we're still in the third, fourth inning at cloud. i think this is really in my opinion a name that's going to move significantly higher and also the ai issue on chatgpt is the best ai play in the market

in terms of revenue. stuart: palo alto networks, cybersecurity you bring this up every single time. >> this is a double table pounder and they just had just massive numbers and i think they are just gaining more and more share in cybersecurity and as that plays out through the stock it could go in our opinion 25-30% higher. stuart: you were talking about that when it was $100 cheaper and i missed it. such is life. coming up, a republican-led city , in california, claims they fixed the homeless problem with no nonsense policies. watch this. >> we don't tolerate tent en campments along our sidewalks and we don't tolerate other code violations. what ends up happening is an individual either chooses to get help or they end up leaving stuart: he was the , he is the mayor of coronado. he's a republican. why don't democrats, of democrat -run cities, why don't they follow coronado's lead, california resident steve hilton takes that on later.

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stuart: president biden heads to capitol hill today. he may issue his first veto. he does not like the senate voting against his green investment rules. edward lawrence at the white house. edward, to me, i think the president wants to keep control of our pension money. what do you say? reporter: that and he also wants to make sure his green agenda goes forward. a lot colder here by the way than it is in your studio i can say but yeah the president wants to keep that green agenda going.

we're starting to see that crack , now, in support for the presidents progressive policies. not the house of representatives has turned to the republicans favor, some moderate democrats on the senate side up for re-election starting to vote down some of the presidents policy. senator john tester and senator joe manchin both voted to pass the bill rolling back the new labor department rule which opens the door to allow retirement plans to consider climate change as a major factor in investment. >> let the private market do what it's going to do. if somebody wants to invest their money or only have retirement plan invested in certain accounts, that might be environmental or what else it may be they can find people that will invest in what they want. that's fine. let the market continue to make those decisions. reporter: so as some democrats are moving back to the middle ahead of that 2024 election cycle the president, president joe biden, remaining defiant on some of his policies. >> what i can say if this bill reaches the president's desk, he will veto it, and i'll leave it

there for now. reporter: so, the president might also run into trouble for his labor secretary pick. republicans pushed back on julie su, because he was the california labor secretary when the state lost between 20 and $30 billion to unemployment and insurance fraud during covid house democrats also joined republicans in passing a bill requiring the president to study the inflationary effect of his executive orders so there are some cracks there, stu. stuart: got it, edward, thank you very much indeed. dan ives with me. what kind of a threat do these esg investing rules present to investors? >> well it takes really control out of private, out of wall street and puts it in the hands of the beltway, and i think that's really the risk here. stuart: it politicizes it. >> it puts a stamp on stocks and i think that's the frustrating thing here is the tight wire act, in other words the move towards green in terms of electric vehicles we know. you look at esg that's painted with a broad brush and it's really created a huge divisive

debate on the street. stuart: it certainly has. you follow apple very closely. news today that foxconn and apple suppliers building a new factory in india for iphones i guess. they are putting $700 million into this. >> yes. stuart: that's a gamble isn't it >> this is apple's shot across the bow at beijing. after the covid disaster they saw with christmas sales and couldn't get supply they are starting to diversify to vietnam it's a huge step as apple starts to diversify slowly out of china stuart: it's fascinating. what's the relationship and huge american corporations and china? that relationship has to change. >> and it's the hearts and lungs of apple but ultimately the straw that broke the camel's back is what we saw in december. stuart: dan, thank you. defense secretary lloyd austin. he sent out a message to all personnel. lauren? is this about climate and pronouns and that kind of thing? lauren: no. some of it, but -- stuart: i jumped to a false conclusion. lauren: a little bit too strong, stuart so the message was three pages wrong and rightly off the

top the secretary mentions the threats of china, russia, iran and north korea. that was half the letter. the other half he writes about the security implications of climate change and dei. here is the quote. "we will continue to recruit and sustain a uniformed and civilian workforce that embodies the diversity and dynamism of our great democracy." stuart: okay, we got it. thank you. lauren: they got the goals in. stuart: i overshot. all right, don't forget to send in your friday feedback. you can, it's not too late. you can e-mail your questions and comments and critiques to varneyviewers@fox.com. all right, here we go. alex murdaugh was convicted of killing his wife and son. the jury returned a guilty verdict after less than three hours of deliberation. the latest on the sentencing is next.

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and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. stuart: it is happening now. alex murdaugh is being sentenced after being found guilty of murdering his wife and son. the decision, the guilty decision came only after what, less than three hours worth of deliberation by the jurors.

one of the jurors says the decision didn't actually take even that long. watch this. >> started deliberating going through the evidence and everybody was pretty much talking and about 45 minutes later, after all of our deliberating we figured it out. >> it took basically 45 minutes for you guys to come to a decision? >> probably about that, 45, maybe an hour. if you really look at everything , it's all plain and clear. stuart: okay, greg jarot, our legal guy with me now. the jury had absolutely no doubt , did they, greg? >> no. they came to the right decision. you know, three hours could have been three minutes. i wrote a column a week ago saying the evidence against alex murdaugh was overwhelming and compelling that his story he was

putting into the jury had more holes in it than swiss cheese . i was amused to watch some lawyers on television say oh, this has gotten reasonable doubt written all over because it's a circumstantial case. that's nonsense. i'll take a circumstantial strong case over a direct evidence eye whitneytime, because witnesses tend to either lie or make mistakes. they are fallible, they miss perceive the circumstantial evidence in this case was a cell phone video that placed the accused at the scene of the crimes literally four minutes before the murders. then he took the witness stand, and confessed that oh, yeah i've been lying about that for the last 20 months and i lied to everybody about my financial crime, swindling, you know, $9 million, but now, i want you to believe me in the real-world, stu, that doesn't really work well. in fact, there's a standard jury instruction that says if you

find that a witness is lying about one thing, you may reasonably conclude he's lying about everything, and alex murdaugh was a liar. stuart: there was no politics involved in this trial. no racial angle, and i think it was an excellent example of our court system working and working well. you agree? >> i totally agree. look i've covered the oj simpson trial for nine months in los angeles. you know that was a diversion. johnny cochran successfully put mark fuhrman on trial and racism on trial, not oj simpson. here, none of that dynamic was present. this was a very solid case, emas ked by the prosecution , it was a digital case not just the cell phone but navigation and other digital devices, and it

incriminated alex murdaugh big time. stuart: the country was glued, almost everybody in my family was watching it 24/7. >> right. stuart: i've not known a trial grip the country quite like this one did, for sometime. oj simpson of course, that was 25-30 years ago but not much since. this one got everybody watching. >> it really did, because you know the scion of a powerful, legal dynasty accused of the brutal murders of his wife and son, you know, as the prosecution said he literally blew the brains out of his son. i mean, that is an uncommon evil that is hard for people to comprehend. i'm here in south carolina. people were obsessed with watching the gavel-to-gavel coverage on local stations, and you know, over the seven weeks of the trial, i never met a

single person who had any doubt about alex murdaugh's guilt. stuart: agreed. same with me. gregg, thanks very much for joining us on a very important day. >> my pleasure. stuart: left-hand side of the screen, alex murdaugh standing in the courthouse about to be sentenced. as soon as we know you'll know too. markets are in the green, 130 up for the dow, 120 up for the nasdaq. still ahead, douglas murray, john catsimatidis, steve hilton, tomi lahren, the 10:00 hour is next. ♪ ♪ ..

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♪ born to be wild ♪ stuart: good morning, it is friday, 10:00 eastern time. let's get to the money. 13 year treasury yield in the news today, we have a half-hour's worth of business,