maria: the umpire says it was a mistake and snub. it's been a great three hours, guys, thanks so much for joining me. check these markets before we send it over to "varney & company." we're about 30 minutes away from the opening bell, and we've got a market that is fractionally lower, the nasdaq down 18 and the s&p lower by #. stay with fox business for that the upcoming senate hearing on collapse of silicon valley bank and signature bank followed by tomorrow's hearing of the house financial services committee. that'll do it for us. have a great day, everybody. "varney & company" is up now. stu, take it away. stuart: guard -- good morning, everyone. fairly calm markets, fairly calm bank stocks. we'll get into that. first though, we are seeing a disturbing decline in traditional american values just as china aggressively spreads if its influence and its values around the world. a "wall street journal" poll shows patriotism, religion, hard work nowhere near as important to us personally as they were.

meanwhile, china is i trying to take our place in the world with. forgiving third world debts to get their the foot in the door, using their currency, not the dollar, for oil trades with saudi arabia. it's a new world order. we've got a lot to say about this. today president biden begins his invest in america tour. he's going to north carolina to visit wolfspeed, that's a chipmaker, in the line for government subsidies. hair web site is biden-friendly. it says we believe diversity, equity and inclusion drives better business, end quote. if they didn't say that, they wouldn't get the money. to the markets. all quiet on the western front at least before wall street officially and formally opens. the dow down about 40, nasdaq down about 19, off 7 points on the s&p. look at the regional banks. banks, the bank jitters started. all a little higher again today. and by the way, this one hour hearings begin into the collapse of silicon valley bank, what went wrong, who's to blame, who

pays. no flight to safety in the treasuries this morning. there's a calming -- that is a calming influence. the 10-year still around 3.5%, 3.54, to be precise. the 2-year is back above or right at the 4% level. now, in a moment we're going to show you something that just didn't feel quite right. the president jokes about chocolate ice cream then addresses dreadful shooting in tennessee. he seems to have no sense of time or place. tuesday, march 28th, 2023. "varney & company" is about to begin. ♪ ♪ stuart: no music this morning, i want to except right to this: in the immediate aftermath of the shooting in tennessee, president biden opened his remarks by joking about ice cream. watch this. >> my name is joe biden. [laughter] i'm dr. jill biden's husband.

[laughter] and i eat ice cream, chocolate chip. i came down because i heard there was chocolate chip ice cream. by the way, i are a refridge rate arer full upstairs. you think i'm kidding, i'm not. folks, welcome to the white house. it's a delight of you all here. and who are those good looking kids back there? [laughter] they're your kidsesome all four of them? >> [inaudible] >> well, stand up, guys. [applause] stuart: that went on right up to the moment where he started talking about the tennessee shooting. jason chaffetz with me this morning. jason, i found that jarring. what do you make of it? >> well, some of the networks were going live with that shot. the country's in a state of shock, a horrific shooting there in tennessee, and the president just indifferent to it, talking about how much ice cream he has in his freezer upstairs.

it was an embarrassing moment, a bad moment, bad timing. president should know better. he has the best advisers, he has the best intelligence, but that was one of the worst political moves i've seen. it was horrific. stuart: yeah. i wanted to kind of start the show with that because it made such an impact on me when i saw it yesterday afternoon. i could not believe that you'd go from ice cream to this credful shooting. the man seems to have no sense of time or place. i said that at opening of the show, and i'll say it again. no sense of i'm or place. last word to you on this one. >> yeah, i totally agree with you. the country many these types of moments, they need a leader, and this is who joe biden was supposed to be, but that was not a presidential moment because, you know, he's joking about kids in the back. but there are three kids that will never come home, and he should have been, he should have risen to the moment and expressed the horror and the grief and spoken from his heart, and he didn't.

stuart: okay. let's leave it alone for a moment. the next one is an irs agent visited the home of the twitter files journalist matt taibbi on the very day he testified before congress. irs claims it was over an issue with two of mr. taibbi's previous tax returns. a coincidence, i guess. what's going on here, jason? >> i do not believe that for a moment. we're talking about a 2018 tax return that was accepted electronically according to mr. taibbi, and the irs just happens to visit his home on the same day he's testifying before congress? come on. there's nobody that believes that. you can schedule an appointment, you can send a letter, but to show up at the home is an act of intimidation. and that -- the irs using its assets in that way on that day, i'm glad jim george car accident chairman of the judiciary committee, is going to investigate that, because that is absolutely an act of

intimidation. stuart: it just looks like the irs is being weaponized by the democrats. >> yeah. we've been through this. unfortunately, you know, when i was in congress, we went through this with lois lerner and the way they used this. i questioned then irs director about why he had visited the white house more than 100 times in the bush administration the irs director had gone to the christmas party. but under obama he had been more than 100 times. he eventually stepped down. but this irs with 87,000 new additional agents coming, this is, this is an example of our worst fear of the intimidation of the irs. stuart: thank you. you dealt with two difficult summits and we appreciate that. jason chaffetz, everyone. back to the markets now, i'm looking at the opening bell, and i'm seeing a minor loss for the dow, s&p and the nasdaq. that's where we stand at the moment. leo kelly is our market man of the moment.

leo, the banking scene quiet this morning. do you feel there are more dominoes still to fall? do ya? >> well, i do. coming off of what is clearly the greatest economic anomaly in history which is the shutdown from covid and then trillions of dollars of spending by the federal government, $5 trillion specifically, stuart, and also a massive runup in the fed's balance sheet, it's distorted the entire financial landscape. so i think what we saw in silicon valley bank is another come the know in a series -- domino in a series that's just going to keep surprising us one after the other. i don't think there's any question that's the case. stuart: but at this moment, you don't see any big banks in trouble, do you? >> no, the big banks are going to be fine. i think what we have is a case where there's a bank that made some really bad decisions in mismatched the duration of what it owed versus what it owned. but it is an example that the

fed was too late getting after inflation, raised rates too quickly, and that really killed the bond market. what really alarms me though with all of this is where were the regulators? they knew that that this existed a year before the collapse of silicon valley bank, and they never did anything about it. because of that type of behavior, i think we'll start to see little pieces that will continue to surprise us one by one. stuart: but would you put money, would you put money to the stock of big banks at this moment? if they're going to get bigger and they're all looking okay at the moment, is that a place to put your money? if. >> i think financials are going to be the fine because we're going to continue to have a rising interest rate environment, and interest rate spreads will continue to do well for the banking system. yes, the big banks will be are recipients of some of this flow, but i also like these regional banks at the right time. stuart, i do think for investors the key here is not to just pick one type of investment and hope.

you have to be active. we are going to see extremely volatile markets over the next half. we do think there's going to be a recession in the second half. and so you have to have some dry powder and have the courage and wherewithal to put that dry powder to work in bouts of volatility. i think in 2003 if you're buying on dips, you're going to be the rewarded when the bull market starts its run again in 2024. stuart: it takes a strong stomach, leo, but then again, that's what you're supposed to have when you're an investor in this market. leo kelly, thanks so much. see you again soon. >> absolutely. stuart: we have the latest read on home prices. st the actually a look back at home prices, isn't it, lauren? this is case shiller. lauren: covers january, but i guess it quantifies trend the of prices coming down. they pell .6% in january from december, and they rose 2.5% from january. but for nine months in a row, since april of 202 22, we've

seen these annual price gains slow, and now we're down to 2.5%. florida leading the way with price advancement, miami, tampa, those prices rising in the double digits but again, slowing down. that's the trend. stuart: the confirms there's a slowdown in the real estate market, prices coming down just a little. okay, or got it. thank you, lauren. let's get back to the banking crisis. why not? does the average person i think this whole ordeal will affect them? good question, what's the answer? lauren: shockingly, no. harvard harris poll, 40% are not worried at all. 20% expect a moderate impact. 9%, that's it, say they expect a bank failure to affect them a great deal. what because worry people, 35% say inflation is the most important issue. so we largely believe that our bank deposits are safe. stuart: yeah, why not? lauren: today and tomorrow the lawmakers grill the watch cogs, what is the message --

watchdogs, what is the message they're going to be sending via the questions they're going to be the asked about uninsured deposits? stuart: okay. but the average person out there, that is 99% of the population who have got a bank account, their accounts are insured up to $250,000. lauren: up to $250,000 and above that they feel it would be backstop thed by the government. stuart: exactly. that probably will be the case. lauren: yep. but will it? pay attention to the meeting, the testimony the next two days. stuart: quickly check futures as we approach the opening bell this morning. down 20 on the dow, down 5 on s&p, down 3 on the nasdaq. -- 13 on the nasdaq. coming up, white house pushing woke foreign policy. good lord. watch this. >> we're never going to shy away and be bashful about speaking up for those rights and for individuals to the live as they deem fit, as they want to the live. that's something that's a core part of our foreign policy, and it will remain so.

stuart: a new op-ed says the biden administration's push for woke will only backfire. miranda divine wrote it, and she's here to tell us all about it. florida's governor desantis leading former president trump many early iowa and new hampshire polls, so who will congresswoman, florida congresswoman kat cammack going to the back? the congresswoman is next. ♪ ♪ the new chase ink business premier card is made for people like sam who make...? ...everyday products... ...designed smarter. like a smart coffee grinder - that orders fresh beans for you. oh, genius! for more breakthroughs like that... ...i need a breakthrough card... like ours! with 2.5% cash back on purchases of $5,000 or more... plus unlimited 2% cash back on all other purchases! and with greater spending potential, sam can keep making smart ideas... ...a brilliant reality! the new ink business premier card from

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♪ every day is a winding road ♪ stuart: what is the significance of every day is a wounding road? it could be the president taking

to the road today to the, do you think? lauren: perhaps. or maybe not certain of the road to the white house in 2024 and beyond. stuart: oh, very good. very very good. figuring out, second guessing our producers. good stuff. that is washington, d.c., obviously, and pride, yeah, he's traveling to north carolina today, kicking off his investing in america tour. peter doocy joins me. peter, is the president having a hard time selling his economic policy to democrats as well as republicans? >> reporter: well, stu, here's something that makes it tough. there's a new goldman sachs report that says the green sub city key in the inflation reduction act, which he talks about all the time, are going to cocost about $1.2 trillion. the problem being that's roughly triple what the president and his backers said it was going to cost. so they're trying to reset and make it sound like everything with the economy is going great. >> you create two-thirds of all the new jobs, and you employ nearly half of all private sector the workers for an

american economy to be strong, it's going to have to have a strong small business base. >> reporter: there's a nas -- fascinating new poll from monmouth, only 25% of democrats want president biden to run again. 44% say they want him to step aside and have somebody else as the democratic candidate. no preference is 30% of democrats in this monmouth poll. republicans -- meanwhile, democrats and specifically the white house, they're trying to9 put the house majority, the republicans in the majority, on the hot seat. they want to talk about their spending. here's something from the white house today. so on wednesday we'll be watching without holding our breath to see if house republicans finally let their budget plan out of the shad coes and if that plan is in line with their proposals so far of exploding the deficit with ax the welfare for the rich -- tax welfare for the rich and costing millions of their constituents their health care. we expect to see president biden leave for north carolina to talk

about microchips in about two hours. stu? stuart: got it. thank you very much, peter doocy, at the house. now this, florida governor desantis signed a bill expanding school choice for students all across the state making students eligible for state funds to pay for private school or home schooling. congresswoman kat cammack, republican from florida, joins me now. congresswoman, school choice very much a part of desantis the' national presidential campaign, he's setting it up, isn't he? [laughter] >> well, you know, stu, the definition of insanity is doing the same thing over and over again and expecting a different result, and our nation's schools are failing our kids. so when you have 31% of 8th graders who can barely read proficiently, i think it's time for us to try a different route. so the latest move in florida, once again, shows why the sunshine statement is leading the way. we're putting parents back in the driver's seat and empowering students to really learn in a way that is meaningful to them instead of being stuck in failing schools.

stuart: is he using the florida state legislature to pass measures which will go down well nationally when his national campaign starts? [laughter] >> listen, i can tell you having been a floridian that that i have seen great governors that have really led the way in the sunshine state whether it's through education, whether it's through homeland security, a booming economy. i think the policies of ron desantis have proven that he is capable of leading on an even bigger scale. but right now the entire state legislature as well as the governor, they're focused on getting through this session. it's too important to fail. stuart: okay. i'm going to continue on this theme whether you like it or not. [laughter] 61% of people do not want former president trump to be elected again. a poll in iowa shows governor desantis leading trump in a potential head-to-head matchup. he leads trump. in new hampshire the two are tied. so, congresswoman, who do you

support, trump or desantis? [laughter] you knew this was coming. have you got an answer preparedsome. >> you know, stu, i cohave an answer for you, and i knew you weren't going to let me off the hook. as a floridian, i'm so lucky and blessed to live in the sunshine state, and i'm confident that the next president of the united states will hail from florida. stuart: would you accept that the republican party at this moment is really split, trump, desantis? >> you know, i think there's a lot of similarities between the two with. they both have a very direct style in terms of the way they lead. hay don't mince their words. i think that there's a lot of similarities, more so that unites them than divides them. i know it's great fodder for the media to hype up this divide between the two, but with, you know, that that's what primaries are all about. we saw this in the democrat primary where there was a wide field and they were tearing each other apart only to unite after fact. it's part of the political process. i think we need to keep our heads, keep focused on the mission of taking our country back.

stuart: have you ever worked in the state department, congresswoman, because you are a natural born democrat -- sorry, diplomat. [laughter] >> stu! stuart: sorry. >> oh, man, you're going to owe me a prime time spot on a regular basis on your show just to make up for that. stuart done. [laughter] it was a real pleasure to bring a smiling to one's face on a tuesday morning at 9:15, t pretty good. thank you very much, indeed. >> thanks, stu. stuart: all right. now this, a new poll and it shows more people are moving away from traditional american values. what's going on? lauren: yeah. we saw it coming. we feel it, right? individualism is plierize thed over community. -- prioritized. "wall street journal" poll, traditional values, patriotism, religion, hard work all on the decline especially among young people. to to right-hand column in red, 38 percent say patriotism is a value very important to them. that number was 70% back in 19998 -- 1998.

39% value religion versus 62% in '98. and look at hard work. why work hard when everything is prix? 67% say it's important to them. stuart: and the explanation is that we're becoming more individualistic and less collective? lauren: seems to be. some is people are blaming the policies that are in place, how we go through covid, being alone, getting things for free. there's a whole host of things that you could point a finger at and blame, but i always say i feel like i wasn't made for this time that we're in right now. things have changed drastically, and a lot of people aren't okay with that. stuart: and as our traditional values, we're walking away if from traditional values, china is walking in with values of their own and expanding their values and expanding their influenceful we're going to editorialize that a little later, top of the show. we're going to be doing that, top of 11. lauren: 11, okay. stuart: we are. say tuned. futures indicate a very small

downside move at the opening bell this tuesday morning. we'll take you to the wall street after this this. ♪ ♪ - double check that. eh, pretty good! (whistles) yeek. not cryin', are ya? let's tighten that. (fabric ripping) ooh. - wait, wh- wh- what was that? - huh? what, that? no, don't worry about that. here we go. - asking the right question can greatly impact your future. - are, are you qualified to do this? - what? - especially when it comes to your finances. - yeehaw! - do you have a question? - are you a certified financial planner™? - yes. i'm a cfp® professional. - cfp® professionals are committed to acting in your best interest. that's why it's gotta be a cfp®. find your cfp® professional at letsmakeaplan.org. sara federico: at st. jude, we don't care who cures cancer.

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stuart: futures pointing south but not by very much, just a little red ink on the left-hand side of the tape. david nicholas with us this morning. all right, david, is it time to buy the big banks? >> you know, stuart, the market is treating both small banks and big banks exactly the same, but i think that's just wrong. the fed released the report for the week ending march 15th. small banks did lose $100 billion of deposits which is quite a bit, but large banks gained $120 billion many deposits, so, yes, americans are moving their money, but a lot of it's flowing into the mig -- big money center banks. financials is the second cheapest sector in the s&p 500 right now. that's pretty dang cheap, and we hi that's a great area to start to pick up some names. we like morgan stan lu trading at 12 the times earnings, jpmorgan at 9 times earnings. bank of america is trading down to 8 times earn earnings, so we hi the fear's overblown.

there's some good value here, stuart, if you don't miss it. stuart: that's cheap. 8 or 9 times earnings for a huge bank, that is really cheap. even i understand that. >> yeah, it is. [laughter] we talk about tech being so overvalued and people still want to nibble. you've got real diamonds in the rough because there is some roughness around, but this is good value. we think the contagion's overblown. also inflation, if you think inflation is stabilizing or going lower, you want to buy the banks here. and this is a different way to look at it because the reason americans are moving money out of banks, because they want to find higher yield. they want to buy treasuries. but if rates are stabilizing, americans may say, you know what? i'm going to keep this low rate that i have at a bank, i'm going to keep my money where it's at. that's another way to look at it. stuart: the ideal portfolio, 40% treasuries, 60% stocks. is that about right? >> stuart, i'll tell you why, yes, you're spot on. we're in no man's land for the market right here. we are in a bullish channel

which is good, but there's really no clear leadership. you want to get paid to wait. how do you do that? own treasuries. there's a lot of great treasury funds. our treasury fund, fix, the yield is 4.5% to maturity. i'm earning -- fine earning 4-5% while i wait to see which way this market goes, but i still want to be in this market. you don't want to be overweight equities. stuart: a 4-5% return with a tax break included, i'll take it, because i know i'm going to get my money. thank you very much, indeed, david. see you again soon. all right, bang, it is exactly 9:30. the guy presses the button and trading begins. we've opened virtually dead flat on the dow industrials. bottom right-hand corner of the screen, we're up .05% and an even split on the big board, half up, half down roughly speaking. the s&p 500 is down a tiny fraction. .10%, i call that flat to lower. the nasdaq composite pretty much

the same story. it's down .20%, i call it lower on the day at this moment. on the big board, all big tech stocks are down but, again, not by very much. meta platforms is down 1.5%, but the rest are down just fractionally. show me apple, please. let's just isolate that one. of it's still taking heat from the report that executives having doubts about their interactive goggles. you know, these things. the executives told "the new york times" that the price, $3,000, too high, and there isn't a big market for the product. these goggles were supposed to be new apple platform. apple down to 157. not a big drop but it's down. meanwhile, disney has just dropped its metaverse division. 50 people let go. perhaps a.i. has taken over the metaverse's place as the next big thing. disney, by the way, is dropping 7,000 employees. susan's with me looking at alibaba. what are today doing, splitting up? susan: yeah, this is a big deal

because this is a $220 the billion china tech giant. this is the biggest shake-up in the company's quarter century history. six divisions going forward, that includes cloud, e-commerce in china, globally as well. also you have maps and food delivery, logistics, media and entertainment. now, each will have their own ceos, do their own fund raising and might spin out into their own individual ipos in the future. it also helps maximize value when you separate out the fast growing cloud from, say, the slower, lower margin e-commerce. now, it also els us why jack ma has returned to china after a year plus away from the country. it also means that beijing has given their blessing for future alibaba ipos. remember, beijing killed alibaba's record-breaking ant group ipo back in 00 the, like a paypal, and since then the company has lost $600 billion in value because of that beijing clampdown, the tech clampdown.

so this baba break-up is really a template, they say, for future china tech but also extrapolates to the u.s. amazon could spin out their profit-generating cloud business. so could microsoft in the future. stuart: they lost $600 billion? susan: yeah. closer to a trillion collars back at the peak of october 200. but since this beijing clampdown on big tech the, doesn't that sound eerily familiar? we've seen that stock price slide. stuart: okay. looked at lyft. i know their cofounders are accepting down. now, the stock's down, what, about 70% in the last year. susan: yep. stuart: so is this move, can we say this is their last gasp to say in the game? susan: not even staying in the game. some of the analysts say this is a step towards a sale for lyft. of so one of the board members, former amazon, microsoft employee stepping in as ceo starting on april 17th replacing logan green, co-ceos, co-founders.

i've spoken john zimmer in the past. the stock has come a long way from its ipo price of $72. the company has never reported a full year of profit. they're losing market share to uber which now has three-quarters of the u.s. ride-hailing markets, and unlike uber, lyft is a pure play here, so hay can't really compete if you can't augment with food delivery. and they've been in trouble, cutting 700 jobs last year. stuart got it. cryptos, binance sued over allegedly violating compliance rules. sounds serious. susan: it is. hook at bitcoin. we were trading above $8,000 -- 28,000 before this news broke yesterday. the cftc is viewing binance and its founder for illegally allowing access to crypto derivatives to u.s. customers, and crypto delive tyes are banned here in the u.s. also they're using tactics to evade and alert many case of any enforcement action that they see to their customer, and that is illegal. the sec and d.c., washington,

d.c. lawmakers are going to the clamp down on crypto after ptx collapse. we've seen that with coinbase getting an sec notice, that's really just a step away from enforcement. so i think the clampdown is here. stuart: okay, that's important. tell me about walgreens, because i know they reported before the bell the morning, and i know they're up 1.3 3%. susan: it wasn't that bad actually. you had a profit, sales beat as well in the final three months of last year. margins were coming down, sure. we know there's lower demand for covid services, but i saw 8.4 million still went in in the final three months of last year to get covid shots, so people are still getting boosters. stuart: i'd love to see if there's any news on shrinkage, shoplifting at -- susan: i don't see them mentioning that. and frankly, was it target? after they were the ones that sounded alarm of $400 million in shrinkage last year, we we haven't herald a peep about it in the last six months. stuart: show me the banks, please.

susan: recovery here. after that first citizens purchase of silicon valley bank's remnants, i think the main focus right now for a look at financials, everyone's talking about charles schwab, right? that stock is down 25% the month, it has a $7 trillion balance sheet. but people are concerned because with when you dig deeper into their actual holdings, it's very similar to silicon valley bank. we're talking about 10-year, long-date dated treasuries that are only yielding 1.7%, and mortgage-backed securities as well. so in this rising rate environment when you look at $100 billion plus on their balance sheets of these type of products, people are concerned that, or you know, they might be at risk kind of like silicon valley bank when, you know, things go in a hurry. stuart: $53 a share as of now. susan: yeah. but just to be clear, they have $7 trillion on the balance sheet, so they are a much bigger financial in this case concern the. stuart: 7 trillion's a lot of assets. stuart: a bit of stu varney's

assets in there too. check that big board. in business for six and a half minutes and we're up all of 8 points, a fractional gain. the dow winners, top of that list, put it on the screen so i can read it, please. there you go. all right. walgreens, top performer. amgen, dow, caterpillar, procter & gamble. s&p 500 winners, there is mccormack, spice people, 11%. love to see their report. paramount's on there too. baidu, jd.com tops the nasdaq list, another chinese company. coming up, the white house blaming the gop for the deadly national school -- nashville school shooting. waf this. >> how many more children have to be murdered before republicans in the congress will step up and act to pass the assault weapons ban? if we need to do something. stuart: all right. of brian kilmeade is going to be here and, believe me, he is going to react to that.

12-time all-american swimmer riley gains blasting espn for honoring transgender swimmer leah thomas. riley is going to be here on show. i'm going to ask her if she's received any backlash. that's coming up on the programmed today. ♪ ♪ and i remember kind of thinking like, "oh my gosh, i think we could be sisters." because i think we looked... yes. right. yeah. and i don't think at that time- i think you're the one to tell me that we had the same birthday. yes. it's really unbelievable when you think about it, because it's been, like, really over 20 years that you were my mother and father's banker,

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stuart: sates across the country are considering legislation that would ban diversity the, equity and inclusion initiatives on college campuses. where's this happening? lauren: 15 states most recently, mostly republican states. but since march 17th, so in a matter of days, these statements have filed 26 pieces of legislation to take dei out of higher education. some have put forth bills to ban colleges from if mandatory

training and hiring practices with diversity this mind. just hire whoever you think is qualified for the job. and then you have florida, arkansas, missouri, oklahoma and arizona wanting to officially take dei out of the admissions process. stuart: okay. that's all good news as far as i'm concerned. lauren: we moved past this point, right in. stuart: yeah. i think so. you sound exasperated. lauren: i am, actually. i remember when i was applying to college -- stuart: really? lauren: yeah, it was all about diversity, diversity, and we're still dealing with all this all these years later. stuart: i want to get back to espn honoring lia thomas curl its celebrating women's history month. roll it. >> transgender person to ever win a ncaa division i women's championship. >> i'm very humbled and honored to hold that tighten. title. and i can only hope that i'm able to give other trans people

the inspiration and motivation i was given. stuart:9 well, the swimmer, riley gains, responded with tweet: lia thomas is not a brave, courageous woman who earned a national identity thing, he is an arrogant cheat who stole a national title from a hard working, deserving woman. the ncaa is responsible. if i was a working woman at espn, i would walk out. you're spineless, espn. riley gains is here. all right, riley, welcome to the show. have you gotten any backlash for your comments? >> hi, mr. varney. no, i have not, which which i think shows how people are be becoming more bold. people are starting to open their eyes to what this gender ideology propaganda being pushed by the left, being pushed by the media, being pushed within education systems, they're opening their eyes to how harmful this is, specifically, of course, to women and to children. stuart: now, in your tweet you suggested that people -- women working at es espn should walk out. have you heard anything from

espm? >> i have not, which is of no surprise to me. i will say i admire sage steele who woks at -- works at espn. of course, she is a real female. i admire her so much because she has taken a public stance on this. of course, working around sports we know the advantaging that concern advantages that men have many comparison to women when we're comparing things that require athleticism or sheer strength. and sage has been the only woman working at espn to publicly acknowledge that, and so i admire her for her courage and strength. stuart: as we go forward here, various solutions have been proposed. how about a separate category for trans athletes to compete amongst themselves? female athletes, male athlete ares, trans athletes. what do you say to that? >> you know, i think in an ideal world in terms of finances and in terms of the amount of people actually playing in this division and people watching this, i think this is a perfect

solution. a lot of people will, of course, look at as something that's session restory, and we're isolating the trans community. but from my perspective, we're embracing the trans community. five years ago if you would have suggested a trans category, people would have laughed in your face. but now we're acknowledging these people do, in fact, exist, and giving them a space to compete fairly, safely which is what we all want. that's what i want and that's what the women -- that's what we deserve. stuart: so to you, it's an issue of fairness, that's it. it's not discrimination, exclusion or influence, it's fairness. that's it? >> absolutely. that's the whole argument. my argument, of course, in this whole issue, especially the lia thomas scenario, this was a mediocre male swimmer who was ranked 462 62nd nationally amongst the men, has now transitioned to a woman and, of course, naturally trails the women, dominates the women's field. how are we not seeing the play ant the discrimination that we

are facing on the basis of sex which is, of course, what everything, title ix was created to protect. we are, as women, being discriminated on the basis of sex. stuart: we appreciate you being with us, riley. >> of course, yes. thank you so much. thank you. stuart: a fight broke out at the texas capitol the other day after a transgender activist gave a speech. what was the problem with the speech? lauren they're okay. well, the speech that causes -- caused the fight, it went over the a allotted 2-minute time limit, so that's why you had the fight. but the speech was controversial the also. there's the speaker, lauren perkins, a trans person and and activist. she was giving public comment against a bill in texas that would restrict drag shows in front of children at publicly-funneled venues, think libraries. she compared texas lawmakers pushing those bills to hitler. so at one point you see another trans activist physically block the texas senate sergeant at arms from taking the mic from

perkins there in the pink shirt because she spoke for too long s and she was comparing the lawmakers to nazis. yes, inappropriate, but it started because the texas sergeant at arms was basically saying i've got to take the mic, you're talking too long. stuart: that was the nature of the fight, okay. move being on concern the thanks, lauren. coming up, take a look at this op-ed, how tiktok can harm your teen's mental health. c. marc siegel go it -- wrote it, and i'm going to ask him if other social media platforms can have the same effect, he's on the show. you want to know -- you know what it's like for me as soon as i finish this 3-hour show? oh, dear, watch this. >> if we can really put on some haste, we'll get there in time for me to have lunch in my apartment. you all right with that? stuart: that's somewhat embarrassing for me. i was trying to imitate various

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stuart: all right, here we go. a new season of ride to work begins today, and i am in the first episode. watch this. >> so i do have a close source that i've been talking to about your interview, and i learned some information. and she said that you're really good at accentings. >> well, right here we're on eighth avenue in new york city, we're trying to get down here to 49th street. isn't that awful? [laughter] hank aaron, it's great, isn't it? here at some point we'll arrive at the concern where are we going here? are we going to the concern that's right, yeah. stuart: oh, man. i'll never live this down. >> no, you won't. stuart: abby, you're killing me here. >> you're so lovely to drive, we did this on purpose. i didn't realize you also used to star many country movies, old westerns, it sounds like, based

off of that american accent that you gave. stuart: it was awful. >> it was so fun driving you, stu. and the best thing was the very paris thing you said to me was you can call me stu, and that was the highlight of maybe my entire career -- stuart: everybody else calls me stu. lauren: what were you calling him? >> well, stuart. i didn't get permission to call him stu. stuart: i think i did a new zealand act seven, where you don't open your mouth. [laughter] who else have you had? >> we drove lawrence jones, brian kilmeade, dana prix north korea or will cain and harris faulkner. stuart: did you have to drive brian kilmeade all the way back to long island? >> it was not good. he told me to drive me to the train sairks the -- station, i thought he was being kind, but he wanted to avoid traffic. we spent three and a half hours

in the car. [laughter] stuart: what are you doing for? trying to make people at fox -- >> i'm trying to embarrass stuart varney. stuart: well cone. >> no, people ask me all the time what it's like working at fox, and the first thing i say say is it's a cream job because of the people i work with. -- dream job. but i get to see a side that not everyone gets to see, so i wanted to shed a light outside of work. stuart stuart you know i was about 15 pounds heavier when we did that interview -- >> no, you were not. stuart: yes, i was. >> i don't believe you. stuart: ride to work with abby hornacek available now on fox nation. >> yep, there you go. you can watch it right now. and stuart varney is number one, so after this show, go watch it. lauren: did he plot the route for you? >> i don't think so. we did drop you off at your favorite breakfast spot. >> yes, that's right. >> so that the he did lead me to. [laughter] stuart: all right, everybody, that's it.

watch drive to work with stuart varney, abby hornacek, dropping now on fox nation. >> thank you, stu. stuart: still ea ahead, well, the market, of course, the dow is up 68 points, the nasdaq's down 55. mirandaty vie vine, brian kilmeade and dr. marc siegel still ahead. the 10:00 hour is next. ♪ i'm on my way, driving at 19 down those country lanes. ♪ singing to tiny dancer ♪ right, you have to do it yourself. in 2015, my dad had the idea to revitalize american textile manufacturing with bedding crafted from cotton grown on our family farm. we created red land cotton to give you the best farm,

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muck oh, yeah, you really got me now ♪ stuart: you really got me. the kinks. i remember that. must be 50 years old, that song. morning, everybody. 10:00 eastern. straight to the money. where are we now on the dow? we're up 41 points. the nasdaq, though, is down 76. it's a mixed picture on the markets this morning. the 10-year treasury, that yield going up just a little, 3.55%. as for bitcoin, there's trouble in the, what is it, the market there for -- cryptos. thank you very much, indeed. fill out my sentence