markets are rallying around the idea that the tariff situation will be as bad as some of them expected. also the idea that mike johnson is pushing tax cuts all the way to the top of the year. we'll see if they can get it done one package without breaking news yesterday. >> i think that's right and i think they're cheering the fact that mike johnson is very much on board with the trump agenda. meanwhile joe biden is doing everything possible to make half the country if not more than half the country despise him. the moves that he's making honoring george soros taking more land off drilling possibly, what is he think he's doing read it's offensive, january 20th cannot come soon enough. >> it's two weeks from today. president trump will start his second term fast and we were ready seeing what is taking place ahead of it. thank you, good show, liz peek, rebecca walser. "varney & company" is up next. stuart: good morning, everyone.

if this is back to normal the normal is going to be a very busy year, here's what's happening despite a major snowstorm congress will convene today to certify the election results. no confusion, trump is the 47th president. lake strategy meeting coming trump gets together with house republicans of mar-a-lago. he wants everything included in a monster legislative package bringing together taxes, the border and energy. that is a big lift for the income president that was a very fast start dividing doing best to block trump's policies. his banning oil and gas all around america's coastline. hundreds 5 million acres, environmentalist love it. the voters that want drill baby drill, not so much. the markets to stand out the tech stocks in the dow industrials upside to the tune of all of them on the upside very nicely so. then we have the dow looking for

a gain of over 200 points. the nasdaq up to a 31. look at the nasdaq show. rates holding elevated levels, the tenure about 4.6%. the two-year is about four and a quarter% at 427. bitcoin shy of $100,000, 99400. oil moving up $74 a barrel. gas moving up, $33.6 for regular 3.51 for diesel. not gas is soaring because of the cold snap. no surprise. on the show justin trudeau reportedly on the way out as canada's leader. he has trouble with the mystic issues and trump's pressure on immigration did not help. elon musk dabbling in foreign policy. he withdrew his support from nigel farage in britain's reform party as nigel farage doesn't have what it takes. to a administration officials on the way out trying to justify their performance. white house press secretary

karine jean-pierre says it's the best in the business, her words. secretary of state anthony blinken tells the new york times that he and biden made the right calls on afghanistan, ukraine and gaza. two news items on the president. biden angrily brushed off reporters when questioned about his age, he said is no more world leader than anyone he met in your old didi life. he gave out freedom metals, the recipients included hillary clinton, the radical george soros and the soccer player lionel messi did not want to receive a metal wall and sent no one's looking out for him. two weeks to the inauguration, the first full week of trading at 25. a massive storm that hit 60 million americans. a lot going on monday january the sixth 2025. "varney & company" is about to begin.

stuart: i think the song is about me, i'm back to two wonderful weeks of vacation. >> you look relaxed. >> i feel relaxed. it is nice to get back to normal to a schedule of getting on with life. >> this is the week to do that. here we go, congress will count and certify the results of the 2024 election. a major winter storm is expected d.c. region but speaker johnson has a message for his colleagues. you are not getting a snow day. >> we have a big snowstorm coming to d.c. we encourage all of our colleagues, do not leave town, stay here. as you know the electoral count requires us and generally six at 1:00 p.m. whether we are in a blizzard or not we will be in the chamber making sure this is done. president trump had a mandate.

a landslide so many electoral votes and we get to count them all and we cannot delay the certification pretty good deserves it. 77 million wiccans voted for president trump. almost 75 million for the house. we have to begin immediately on monday. >> 6 inches of snow expected of all the nations capital today with the first major snowstorm of the year. listen to what senate majority leader john thune says about republican support for trump's agenda. >> when it comes to the big issue securing the border and rebuilding the military and strengthen the economy. generating energy dominance for the countries of the things that which we agree with respect to narrow margins i think we will have a narrow unified effort when it comes to the core issues. we will disagree on the margins in the process of all that sort of thing but when it comes to what we need to get done those are things that we agree on. >> look who's here on a monday morning, charlie hurt.

trump says he wants everything done in one big beautiful bill, that is his words, can he do it? >> i think if you would've asked me this a couple months ago i would've been doubtful looking at traditional looking party that's turned into the diverse thinking party, democrats are always in lockstep. what we seen over the last couple weeks, donald trump is completely in charge of his party, he discharge beyond his party. we saw that was speaker johnson and some of the other, whether you looking at canadian prime minister justin trudeau, looking to step down because of donald trump's psyches early president and is already getting results from his threats and his plans and prescribed plans. i really do think he has a mandate for his agenda and i think republicans are going to

look around and realize that this is what we have to get done and they're going to be focused on it. i think in the house and the senate they will be in lockstep when it comes to trump's agenda getting through. stuart: i'm sure you've seen the biden in the team are defending their performance, look at this the new york times headline. anthony went can exist he and biden made the right calls. white house press secretary karine jean-pierre posted this with the caption here's to the becks team in the business. i cannot do it without you. i understand that officials are on the way out, they wanted justify their performance but this is a bit of a stretch in i think you agree. >> the best in the business. she's right about one thing she probably could've done it without the team because it took a full team to be as bad as they were in the white house. of course they are that bad even though they have the press complete the on their side. the fact that anthony blinken is

going to sit there and we heard from jake sullivan as well. the fact that they will second defend the withdrawal from afghanistan which is one of the worst catastrophes in american military history is proof that not only are they wrong but they are incapable of recognizing where they are wrong. that makes for a very dangerous crew of people and that's what american voters ejected them. stuart: charlie hurt, thank you for joining us. we will see you again a great deal. it's great to be here. trump is inviting key republican lawmakers civil mar-a-lago ahead of an operation. what does he want. >> them to agree on how to push their one big reconciliation bill that would include three major republican priorities, the border, economy and tax cuts. speaker johnson says house republicans are targeting about, the first week of april. the question why one bill instead of the customary to.

the answer is no party has passed to reconciliation bills in one year end decades. republicans don't want to risk not passing tax reform if they do with the border and energy first. they're trying to do it all together to bring everybody on board. you might not like one part but there is a sweetener like. stuart: you laid out what could happen for the next 100 days that's what it's all about. the mega bill the reconciliation bill. check features i see plenty of gringos monday morning. the dow up 200, same with an aspect of 200 points as well. s&p close to 50. ryan payne joins us. could the recent market melt up. stuart: the recent market melt up credit set the stage for a market meltdown. >> i think it's a natural progression of things. typically whatever work the year before tends to work into the next year. artificial intelligence tech, they get tired of talking about it. they suck the air out of the room if you look at december was

a bad month for most stocks but maga was up over 5% and accounted for 57% return s&p 500 was the seven stocks of 64% for the year. i think the momentum will continue into the shared and were getting to a point where the evaluations are getting crazy. i talked about this quite a lot. stuart: a lot of people i speak to on a regular basis are thinking about selling some of the stocks that made big gains that did extremely well, became stocks for thinking of selling early in january, the getting old for example. they are thinking maybe we don't have to pay the capital gains until next year. not a bad deal for mckay lovett thinking but by hi, sell low is a great strategy that works overtime. stuart: that is by low sell high, sell at the high and pay the capital gains tax 18 months away. >> cell hi, buy, then you can take the capital and buy elsewhere lower and pay the games later. it makes a lot of sense, here's

the issue. the momentum is still there and the fear i don't want to miss the move up in the market especially magnificent seven move. it's better to be early than late we sell this with the tech bubble when it first. it took you 15 years and you made back your money. microsoft we love that stock. i think reallocating your capital even if you miss the upside and the magnificent stocks and put in place like small caps which trail a lot cheaper probably makes a lot of sense. stuart: i'm not selling my microsoft was leave it at that. thank you very much. you have a lot of fans in florida. president jimmy carter lying in repose at the carter center in georgia. tell me what happens next. >> tomorrow morning president carter's casket will be flown to d.c. where he will lie in state in the rotunda at the capital. members of congress will pay their respects that is at 3:00 p.m. followed by the general public. thursday morning carter's casket will travel by motorcade to the

national cathedral for a funeral service. president biden will give the eulogy he declared thursday as a national day morning. stuart: thank you. biden not happy with reporters asking questions about his age. watch this. >> the only thing i'm i the oldest president but i know more world leaders and anyone of you ever met in your whole damn life. i know how they think it's not a joke. stuart: i'm calling a sad ending to a failed presidency. we will see what brian brenberg has to say about it later in the show. remember when biden said this about the biggest threat to u.s. security. >> according to the intelligence community. terrorism from white supremacy is the most lethal threat to the homeland today. not isis not al-qaeda, white supremacist. >> that comment did not age well in light of the terror attack in new orleans from a isis inspired person.

missouri congressman mark alford on that next. ♪

your best defense against erosion and cavities is strong enamel. nothing beats it. i recommend pronamel active shield because it actively shields the enamel to defend against erosion and cavities. i think that this product is a game changer for my patients. it really works. where ya headed? susan: where am i headed? am i just gonna take what the markets gives me? no. i can do some research. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management dexcom g7 is one of the easiest ways to take better control of your diabetes. this small wearable... replaces fingersticks, lowers a1c, and it's covered by medicare.

not managing your diabetes really affects your health for the future. the older you get, the more complications you're gonna see. i knew i couldn't ignore my diabetes anymore because it was causing my eyesight to go bad. for my patients, getting on dexcom g7 is the biggest eye opener they've ever had. i couldn't believe how easy it was. this small wearable sends my glucose numbers right to my phone or my receiver. with just a glance i can see if i'm going high, low, or steady. so, i can make quick decisions in the moment. now, i'm a superstar. my a1c is 5.7. my a1c has never been lower. no other cgm system is more affordable for medicare patients than dexcom g7. don't wait! call now, and talk to a real person. let's go boys.

the way that i approach work, post fatherhood, has really been trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families, like my own. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. ♪ ♪

stuart: all green on a monday morning. the dow up 100, the nasdaq 131. trump laid on republicans to one big beautiful bill to cover everything from tax cuts to defense spending. a big deal. aishah hasnie on capitol hill. that is a big lift. how will republicans get it done. >> good morning.

it is a heavy lift. an ambitious plan with a delicious timeline as well. speaker mike johnson wants to get this done by the first week of april. the big beautiful bill as the president-elect likes to call it. he's taken the president-elect every measure to get it done. fox has told that trump has invited several house republicans to mar-a-lago later this week to talk about his plans among the invitees or new york republicans who stewart, one include state and local tax breaks are out of soap as they like to call it. republicans planing to galveston including border policy through the process called reconciliation, that means it's filibuster proof, you only need is a majority in the senate to pass it. has to pass through the house first we speaker mike johnson faces a very narrow majority. conservatives who are hell-bent on cutting the deficit. he is optimistic he can get this done. >> we will be working long hours

making sure every republican is on board because remember all be dealing with the smallest margin in u.s. history for much of the first 100 days but were going to get it done. >> the inauguration two weeks away, the majority leader chuck schumer is calling for a security briefing in light of the new orleans las vegas attack. the trump transition team is pointing to those events to push the senate to confirm trump's cabinet picks quickly. at this point, the gop leader john thune is only going as far as to say that the nominees including the national security like pete hegseth for defense secretary will get a fear hearing. stuart: listen to what speaker johnson had to say about that, a huge reconciliation bill. roll tape. >> everything has to move in the right sequence and along the way. i think we will keep the strange movie to the right direction and on time. if that happens we'll get it out of the house in early april.

maybe as soon as april 3. and move it over to the senate. that would put the bill on the president's desk for signature by the end of april. that would be fantastic. >> mark also joined me now. what arrays are fed majority. it is a razor thin majority that you guys have in the house. can you get one big beautiful bill with a majority of less than five? >> thank you for having me on, yes we can and yes we will is a simple answer. president-elect donald trump is having different sections and different subgroups of our conference to mar-a-lago this weekend to talk it out. it would be a locker room talk to say in the freedom caucus, you're going to have to get on board there's nothing this would be perfect that were going to do in this congressional session. members of the new york delegation who really want the salt tax raised, the limit on those in compromise and negotiation is going to happen we were. president-elect trump with his mandate is a person to get this done. it's an ambitious plan.

it is. but we're going to get the sun come hell or high water. stuart: next one, listen to what secretary mayorkas says about more threat after the care attack in new orleans. roll it. >> for the past ten years we have seen a significant increase in what we term homegrown violent extremism. it's a very difficult threat landscape. >> to see any specific threats or is in an overall concern? >> is an overall concern. when we identify a specific threat we in law enforcement respond very quickly to it. in that regard. >> biden missy. not isis. the president doesn't look good on this. jesse? >> welcome to reality secretary mayorkas, you are the one you and joe biden have led 11 million plus illegal aliens into her nation, thousands upon

thousands of terrorist were now in sleeper cells around the country. welcome to reality we have been saying this for over two years now the two years i've been in congress as white house house bill two, hr two almost two years ago. it's been sitting on chuck schumer's desk ever since. a bill that would've secure the border and kept the terrorist out. stuart: thank you for joining us on a monday morning and we always appreciate it. we will see you soon. fox corporation made a donation to the loved one louisiana foundation in support of those affected by the new year's eve terror attack in new orleans. if you would like to help you can go to go.fox or scan the qr code on your screen to donate. now this. trump takes the white house in two weeks. meanwhile his nominees are faced with another hurdle. the office of government ethics. what can you tell me. this is a step in the nomination process be back you the director

of the office of government. he started betty trump's cabinet nominees. just to determine any potential financial or personal conflict of interest. financial conflict become complicated when you're dealing with a businessman president-elect trump obviously complicated. personal conflict become complicated when trump's nominees for office expressed disdain for the current state of the department they are about to run. an interview with reuters he said his goal is in play to ensure that federal employees are making decisions based on the national interest. stuart: watch out for conflict of interest. check the futures. last of the green but is still in the green the devil 100, the nasdaq close to 200. the opening bell is the slogan ♪ ♪

sofi is helping me get my money right to achieve my ambitions. plus i'm investing in my game. sofi can help fund all your ambitions. no matter how ambitious. bank with sofi to score a higher apy and an epic welcome bonus. power outages can be unpredictable, inconvenient, and disruptive to your life, posing a real threat to your family's comfort and safety. when the power goes out, you have no lights, no refrigeration, no heating or air conditioning. the winds are not letting up at all here. we're going to see some power outages. number one thing to prepare for is extended power outages. are you prepared? you can be with a generac home standby generator. when a power outage occurs, your generac home standby generator automatically powers up, using your home's existing natural gas or propane, so your life goes on without disruption.

you and your family are comfortable, safe, and secure. stay tuned, to get over a $500 value free on the most popular home standby generator in the world. with the generac, we don't have to worry about whether we lose power or not. if the utility company does not come through, our generac does. having a generac takes a lot of the anxiety out of, there's going to be a storm. after the hurricane happened, we just want to be prepared for anything. generac generators are designed, engineered and built in the usa. 8 out of 10 home generators are generac, and have thousands of satisfied customers. how many times have you heard people say, i never want to go through that again? well, the next time you go through it, don't make it so hard on yourself. have a generac home standby generator. call or go online now to request your free quote with one of generac's nationwide dealers. special financing and low monthly payment options are available,

and if you call now, you will also receive a free 5 year warranty valued at over $500. the call is free, the quote is free, and there's no obligation to buy. call or go online now, so the next time there's a power outage, your home powers up. power your life with generac. call or go online to request your free quote today.

stuart: i'm sorry for the confusion. all good. let's move on to tesla. you say it is underestimated,

that is your word. what you mean underestimated. >> tremendously underestimated. i don't think people understand what elon musk is doing in regard to all the other things that are going to come crashing home and working together mid-2025. he is another significant announcement on tap. maybe even quantum computing which i find his silence stephanie. i think he's going to have something up his sleeve. address this issue. for those of those in advanced years. what is wrong with selling some of the stocks on which we made a huge profit, sell them in early january because you don't have to pay the capital gains tax until 14 or 15 months away in 2026. what is wrong with the strategy. >> there is nothing wrong with the strategy. if it works for you and your advanced age. i'm becoming vintage. i'm right behind you. here's the thing everybody has to do what's right for them. the key data point that you want to think about the plan for

taxes are well, 83% of the time to 85 the first five days of january proceed additional gains if you have them on the table. the question i would urge you to think about where are you going to take in what you going to do with the money and why we make that decision. if it still taxes fantastic pre-because you want to avoid something else, not so much. >> i want your advice, if i were to sell microsoft. if i did and i made some money out of it where should i put the money bearing in mind my advanced age. >> i would go right for walmart in a company like tesla and i would do it carefully and consider how would you balance the rest of it out for security walmart has a beta of the half of the s&p 500 stability has grown. stuart: i would get for a nickel to present on the two-year treasury with the rest of it. happy new year end prosperity in 2025. they are clapping and cheering

the first full week of trading in 2025. we opened on the upside. the dow industrial right now up 140 odd points. far more green on the big board then there is red, the green is up in the reds are down. the s&p 500 raised on percentage terms. were up three quarters of 1%. a pretty strong game of post 6003 as for the nasdaq that to on the upside other than a 1% gain. 19849. plenty of grease. big tech we always do this at 930 when the market opens this morning. all the big tech on the upside. alphabet, meta, amazon, micro, apple gaining ground this morning. pull up nvidia. and the chipmakers. nvidia keynote speaker jensen quan at this keynote conference this week. what are investors hoping to hear. >> this is interesting every time jensen huang tates the stage he could see nothing but his presence alone excites

people. they have expectations in terms of what they want to hear in order to move the stock. we want news about the blackwell chip, the key growth driver for the future of the company. we know that has been robust demand. as any supply constraints or have the manufacturing glitches iron themselves out in the full steam ahead. any news about the future growth for the company. >> if he makes any statement that maybe things are not quite the way we would like. watch out. >> round pins and needles but we will have to watch and see how it goes tonight. >> he is a powerful guy, check out microsoft. brad smith is the president. he is saying something about a.i. data centers. what is he saying. >> there going to spend 80 billion with a b on a.i. data centers by june of 2025 which is the end of the fiscal year. this is incredible we have come full circle remember with meta

the year of efficiency tightening our belts. as catholics worth is it not. now are coming out full force microsoft saying a.i. data is the future and responded $80 billion on companies like smc who make a.i. data centers surging on the news but incredible comments from brad smith on friday. >> 80 billion by june of this year. over half of that will be in the u.s. some of them international. this is the future we have to get on board with. >> i've seen an investment company on my screen and on my prompter say microsoft goes to $500 a share. if accurate. >> that was from bernstein that lifted it by five bucks to 516 as well saying catholics conversion to revenue, those fears are overblown. if you spend you end up making money. stuart: i take it all back i'm not selling my money. shelby plug power. it is up 5.8%.

the treasury department issued new rules about hydrogen into clean fuel and this would benefit plug power because the part of the process. it says that you get tax credit if you help convert this dirty fuel into clean fuel using hydrogen or can store it for later use. stuart: do you have anything more on uber stock buyback. it was very depressed recently. >> were getting new details this morning issuing a what and how billion-dollar share buyback they not 7 billion about finally getting that, lift as well got an upgrade this morning from benchmark along the autonomous driving program. rideshare this morning having a good morning. >> what is morgan stanley saying about palantir. it is down. >> they did not have the best things to say. they said this is the most expensive high-growth software company that they have seen. it's been pulled off the

coverage list reading analyst coming out and pulling out saying it's underweight with the target of $60 a share. the high is at 75 and the lowest from the street is 11. he said look 11 is the lowest on the street. >> somebody thanks palantir governmental 11. >> yes. the highest person the most bullish things is only worth 75. what they're saying morgan stanley this is a good company but again 340% last year. how do you keep up with the growth as part of an evaluation concerning underway. >> 11 on palantir. >> it is the lowest. let's go to micro strategy. there get a vibe where bitcoin is not true. >> $2 billion remember this is the largest corporate holder 2% of all bitcoin outstanding on their balance sheet this is in

addition to the previously announced 21 plan which is raising 21 billion in equity and through bonds and in theory we think to buy more bitcoin for the balance sheet. >> president biden wants to block the nippon steel get together. i take it those two are challenging. >> parity filed a lawsuit in the court of appeals in d.c. saying it was a political decision and violated the company due pro process. now it is up to the courts. it could be a long road to get to resolution of this. >> disney and paramount they had a great weekend at the box office. >> did you go with the grandkids. move also was the disney and sonic three is from paramount. they did great lion king earned $24 million in the third week in sonic 21 million so far $180 million domestically. >> they have a new king. >> it is how the lion king became the lanky. it is a prequel.

>> at disney, close to a deal with food both tv. >> it is done it was announced a few hours ago. it is official. we are going to get disney as a 70% owner and pooh-pooh tb as a 30% owner. it will combine on disease side for hulu, the live tv plus now food both ab offered as separate options. this is a deal that would be one of the largest subscription services out there. >> a nice gain for food both 144%. not bad at all. thank you very much indeed. senator chuck schumer doubling down on defending biden's mental fitness. >> what do you say to americans you and other top democrats misled them about president biden's mental acuity. >> we did not. >> that's more where they came from. divided really have the stamina to serve a second term.

we will have more on that from steve forbes later in the show. the new orleans terror attack with shortfalls in rooting out potential terrorists. >> intelligence community seemed to not have this person on their radar. whenever something like this happens we have to reevaluate. are we doing the right things. are we looking in the right places. >> retired four-star general jack keane brings us up to speed on the terror threat later in the show. in the last days in office. president biden rolling out sweeping new energy regulations. can trump undo them. last economist stephen moore. stephen is next. ♪

ruri: ichi, ni, san, shi... (1,2,3,4 . . ) ruri: ichi, ni, san, shi... (1,2,3,4 . . ) hina: ichi, ni, san, shi... (1,2,3,4 . . ) akari: ichi, ni, san, shi... (1,2,3,4 . . ) others: ichi, ni, san, shi... (1,2,3,4 . . ) others: ichi, ni, san, shi... (1,2,3,4 . . ) (♪) (♪) you were made to chase your passions.

we were made to put them in a package.

stuart: present electronic file the motion to stay the generate ten sentencing in the near criminal conviction. judge tanya merchant set that date but unlikely to impose any incarceration or fine. trump spokesmen responding. the american people elected president trump with an overwhelming mandate. the demands an immediate end to the political weaponization about the justice system and all the remaining witchhunts. we look forward to uniting our country in the new administration as president trump makes america great again. on the market this morning 12 minutes in. i see plenty of green towel 133 look at the nasdaq up 288 points, that is 1.4%. just 15 days left in the oval office. president biden rolling out an onslaught of regulations bolstering his climate agenda. edward lawrence of the white house. what exactly is biden doing. >> president biden making it tougher the trump administration coming in president biden this

morning rolling out new regulation that would permanently ban oil drilling on the lower shelf of southern coastal waters. president biden using outer continental act passed in 1960 through four with a permanent ban but not clearly saying the future president can undo the action. congress may have to jump in or this could mean an electing court battle for the trump administration. >> i'm calling today on the united states congress to lift the new moratorium. it can harm consumers and undermine american energy security. >> oil and natural gas industry they they oppose this and president biden releasing a statement this morning saying we do not need to choose between protecting the environment and growing our economy or between keeping our ocean healthy. our coastline is resilient in the food security keeping energy prices low laser false choices. the president quietly adding a

rule that change the mission standards for non- condensed natural gas fire and water heaters by 2029. american gas association called this deeply concerning irresponsible adding 40% of customers directly impacted with the cost increases in president biden maintaining this transition is going smoothly. >> so far

back in my day ended up going to the metro to get an. it wasn't terrible but it was time-consuming. >> the snowplow is much quieter than the leaf blower which you are used to. edward lawrence. we will see you later. stephen moore joins me now. can trump reverse all the regulations on offshore drilling that we just heard. can trump reverse the easily? >> i do. welcome back. happy new year. we missed you. remember we talked in recent weeks about the fact that trump will have a stack of 100 executive orders on his desk on january 21 when he returns to office. what i would like to see less add another executive order to

the list and put at the top of the pile. after reversing the absurd crazy executive order by president biden. there is determine football. i don't know if you're familiar. it's a hail mary pass. nothing left in your throat in the air in hopes of any catches it. that's what this is a hail mary and i guarantee you this'll be reversed. we have so much energy offshore we should be using it to ensure that america has a commanding position in the energy market. that will happen. i might be right. i think this will be in the stack of executive orders that trump signed on january 21. >> edit as prime minister justin trudeau is going to announce his resignation very soon. is he in trouble from the pressure from trump? >> i believe he is. i think there is a worldwide revolt against arrogant progressive out of touch politicians and justin trudeau

is one of those people who is not with the program. he completely mishandled covid. he did so much damage to the canadian economy. the people in west virginia which is one of the poor states together richer today than the people in the richest providence of canada because canada keeps falling behind. they have been moving socialist direction. the united states has been under trump moving in the right direction. i want to mention one other thing that biden did in the last few days that is outrageous as offshore drilling. that is killing the nippon steel deal which i think trump should come in and reversed the decision. he is a master negotiator. this is in the interest of the investors in the workers. it's going to save steel jobs in america. trump can do it. mr. president get this done. >> i think is watching and he

hears. thank you for joining us. we will see you later. joe biden is a few days left in office. is not happy. he's angry. he doesn't seem to understand that he lost because his presidency has failed. that is my take at the top of the hour. oh, it's cold outside. time to protect your vehicle from winter's wrath. of course, the hot sun can be tough on vehicles too. you need weathertech. laser measured floorliners and cargo liner will shield the carpeting from sand and snow. for your interior, there's seat protector and sunshade. plus, mud flaps and bumpstep for the exterior.

impactliner, with shock absorbing rings, safeguards your truck bed from costly damage. order american made products at wt.com surf's up! do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned we could sell all of our policy, or keep part of it with no future payments. who knew? we sold our policy. now we can relax and enjoy our retirement as we had planned. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what

it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. lock in let's go. rated e for everyone. [rock and roll music playing] xfinity. made for gaming. rewards members, get early access to an ea sports fc25 kit. visit xfinity.com/rewards.

the queen is at $100,000 going. look who is here anthony pump leona. he knows about the crypto business. good morning, he says bitcoin is a new s&p 500. make your case. >> if you look at what the s&p 500 is the benchmark for most investors. we look at 2024 only different hedge funds outperform the s&p 500. it serves as a benchmark to say are you doing better or worse than the market. the problem with s&p 500 and as an trait when you were seven through 65, bitcoin does has a large asset and a liquid market that's constantly trading in the most sensitive asset to global quiddity and the younger generation is using this as their benchmark. their theory if you can't beat bitcoin you have to buy it. >> there's room for two benchmark. what people are trying to get what is the market actually performing. if you look at the s&p 500, gold

outperformed the s&p 500 in 2024. if gold is outperforming it does have earnings or cash flow a lot of people ask how much of s&p 500 performance is currency debasement rather than the business getting better. >> micro strategy we understand the ghetto by $2 billion worth of bitcoin. i tend to think if i wanted to get into bitcoin micro strategy is the way to go. i have a huge warehouse will bitcoin. it's a good way to go to bitcoin. you disagree. i know you do. >> first of all what micro strategy is doing the pioneering corporate finance methodology which allows people to use bitcoin on their balance sheet and a number of companies hopping also bringing bitcoin to pools of capital that didn't have exposure a debt market now the perpetual preferred equity and a lot of insurance companies and pension funds that will get access. for the average person if you talk to bitcoin what they will say is you should learn about

bitcoin and read the white paper and educate yourself and by bitcoin you should learn how to do self custody. once you've done that you comply with a variety of different ways to get exposure the etf, micro strategy or anything else but until you understand bitcoin it's hard to go to 201-4301 levels. stuart: if president trump doesn't go for a national bitcoin or crypto reserve what happens to bitcoin. it goes down. >> bitcoin will be successful regardless of who the president or what they do but if donald trump decides strategic bitcoin reserve i think they would be very happy to be what if he doesn't like to do it as faithful to the market, bitcoin goes down. >> possibly. he made an announcement i'm not going to do it then i do think there will be short-term price action but over the long run it doesn't matter who the president is. stuart: you never admit the difficulty with bitcoin. >> i think there is a long term horizon for big issues for bitcoin. there is a trade-off a lot of people thought bitcoin early on outside of the system if you

want mass adoption yet that wall street and other organizations bring it into the system. there is a paradox that exist in bitcoin heirs would say are a risk but if you want bitcoin to be successful in adoption the people who hold it will change in the market structure will change in the asset will change as well. we seen that happen over the years be one happy new year, good to have you with us we will see you soon. brian brenberg reacts to the middle of freedom ceremony which sparked outrage after hillary clinton and george soros got awards. the u.s. surgeon general wants cancer warning labels on alcohol. is the u.s. facing a heightened risk of threat after the new orleans attack. will ask course or general jack keane. how will trump carry out the deportation agenda of countries will not take illegal migrants back. dad cleveland joined us a little later in the show. the 10:00 o'clock hour of "varney & company" is next.

♪ will morikawa on 18. he is really boxed in here. not a good spot. off the comcast business van. into the vending area. oh, not the fries! wait a minute. are you kidding me? you got to be kidding me. rolling towards the cup, and it's in the hole! what an impossible shot brought to you by comcast business.

new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job on indeed, it's easier for talented candidates to find it. which makes it easier for you to hire them. visit indeed.com/hire

is a bitcoin etf the same as owning bitcoin directly? while bitcoin etfs might offer a familiar face, they lack the true ownership and flexibility of directly investing in bitcoin. with itrustcapital you can

buy and sell real bitcoin 24/ 7 with the tax advantages of an ira. real bitcoin means no middleman, no restricted stock market hours. choose the path of direct bitcoin investment with itrustcapital because access equals opportunity. invest in bitcoin at itrustcapital.com today.