all have to move forward. the further we'll all go. ♪ if. ♪ >> wow, varney, congratulations on 15 years. thanks for letting me crash your party every day at 9:30 in the morning. cheers to the next 15. >> stuart varney, i understand it's your 15-year anniversary.

well done, lad. you can come back anytime that you want to to. >> congratulations, stu, on an amazing 15 years. fun fact, can't start my week without my take. daily candy. it's like coffee for me. keep up the great work. ♪ celebrate good times, on. ♪ it's a celebration ♪ stuart: you know, i'm really having fun today. let's celebrate. good morning, everyone. yes, it is 10:00 eastern. it is friday, january the 17th. yes, you'll hear a lot of this, the 15 anniversary of "varney & company". you like what you seed to. the dow's up 327 points, very solid gain for the nasdaq as well, it's up 1.3%. the 10-year treasury yield has been heading down in the last couple of sessions, and investors like that. we've got the yield at 4.60% on the 10-year treasury. the price of oil, below $ing 80 a barrel.

bitcoin rallying very nicely, thank you, $103,200, that's your price. that's the markets and now this: "varney & company" if has been on the air for 15 years. one story stands out, the growing dominance of america's technology companies. they are the crown jewels of american business, and and we've covered their rise. apple, amazon, microsoft, google,book. we started calling them simply big tech. later they were joined by nvidia and tesla and became the magnificent seven. they came to dominate the emerging digital age, and everyone knew it. the money poured into their stocks. they became trillion dollar company. everyone benefit. have you checked your 40 401(k)? big tech made your retirement more comfortable. the europeans, hopelessly outmatched, were reduced to whining from the sidelines. they don't is have dynamic tech companies of their own, so they fine our guys billions of dollars and preend thed they were imposing some kind of mix

if justice. china's coming on strong, but if trump cuts off their access to american tech ideas, they'll struggle. the growing wealth of american tech has translated into political power. they used to support democrats, but they've seen the light. they know that monumental change is coming, and they've jumped onboard the ride trump's team. jeff: be, mark zucker zuckerberg, tim cook, and of course, elon musk -- jeff bezos. they're using their ec expertise and money to shape trump's politics. why are we surprised that the most successful businesses want to influence our economic future. >>? 15 years ago this was all just gunning. it was tailor-made for us. we wanted to create a business show that wasn't bogged down with the fed, earnings per share or any other jargon that bores people to death. the rise of big tech allowed us to reach a much broader audience because everyone knew what we were talking about. it's been great having you along

for the ride, and by the way, we're not done yet. at least i'm not. second hour of "varney & company" just getting started. ♪ stuart: all right. just gotta get this in because it's just coming at us. the supreme court has upheld the tiktok divest or ban haw. grady trimble, what more do you have on this? >> reporter: stu, i don't think this is any surprise who listened to those oral arguments last week. the supreme court has decided that this law that congress passed and president biden signed into law is constitutional. and what that means practically for the roughly 170 million americans who used -- who use tiktok is that a ban is likely the go into effect on sunday. we don't know exactly whether president biden is going to do anything, either delay the implementation of that possible ban or what president-elect

trump could do when he takes office, although his advisers and he himself has a suggested a they have plans to save the law. we also don't know what this means exactly for tiktok users in terms of what they'll see when they'll log on to the app come midnight on sunday night or early monday morning. by the way, inauguration day. there's been some reporting that there could be a message that tiktok displays that says that the u.s. government has waned tiktok with maybe resources -- bans tiktok with maybe resources the contact your local congressman to have them overturn that ban. there's also been reporting that the app will simply be removed from app stores such as a apple and the google play store meaning that users could still use tiktok on monday morning, but they wouldn't be able to download the app from app stores. but then are there's another question because oracle helps run tiktok. that is ooh -- a united states company, and they would be also bound by this law. the bottom line is, stu, the

sprurt has upheld this. it's an unsigned opinion which means no single justice authored this opinion. it was all of them, the panel of justices, that heard this case that have ruled against tiktok's free speech argument. when you listened to those oral arguments last week, you heard the justices sort of skeptical because they said they're not concerned about free speech or any specific type of speech that's being targeted by this law. what they were concerned about, the justices, is that china could be collecting data through bytedance. and if as of this point, bytedance has suggested that it has no plans to sell. it doesn't sound like there's been any material progress toward a divestiture. again, what that means for 170 million user s is that tiktok ban could go into effect sunday night at bid night. stuart: grady trimble, thank you very much, indeed. i am fortunate to have charles payne with me to analyze this. seems to me, charles, tiktok

will shut down unless it's sold. is that an accurate summary? >> it's accurate and, of course, i think grady's right about the pressure they'll try to apply via american users. the supreme court ruling, which is really rare, i think of all nine justices, it's pretty clear. so we know president trump, though -- biden's to not going to do anything. stuart: no, he's not. >> he's going to step away. trump may try to find a way to leverage this in some ways. he's got the upper hand. he had a great phone call,s apparently, with president xi already to start the ground running. so he's in a really good position, if he saves it, there has to be major concessions. but right now i would imagine it would be off on sunday. or what are you going to do if you can't do tiktok, institute? [laughter] stuart: i'm not on tiktok, stuart, and you know i don't do social media of any kind of i want to get back to my take for the hour. >> yeah. stuart: my theme was one of the most important stories we've

covered is the rise of american tech. that's the biggest story in the last a 15 years. do you agree with that? >> i agree with it. and i liked the part you brought up about europe. i think maybe it was elon musk or someone said in the last few years the europeans is penalized american tech $30 billion. stuart: yep, they did. >> right? so america innovates, china imitates, and europe just regulates, right? and so if you look at where -- it's ironic from when this she began, when the network began -- show began, they formed the e.u. to be competitive with america. we have gone straight up. stuart: yep. >> our productivity, all this because these a companies are here. they germinate here, they grow here, we foster administration. this haas -- innovation. this last administration went to war with that, and still we dominate. stuart: i'm going to take you back -- [laughter] to the very first show. you're picking stocks and you gave us wellpoint as your stock

pick. today it's elv. that was your first stock pick on day one. how did that stock do? >> golly, incredibly well. i don't know that -- we've taken profits since then, but i think the it might be up 1,000, 2,000%, something like that. stuart: is that all? [laughter] it's been a hell of a run. recently those names have gotten hit. yeah, there it is, right? if. stuart: we'll take it. >> so the thing, i think -- the story here, really, the narrative is you've got to stick with the market. even with these big with names, i was looking at nvidia. inid nvidia a had draw downes of 80%, 70% -- drawdowns. but if you stick with the story which is what you taunt you say forget about the pe ratio, stick with the narrative. is this going to change your life? and i think that's the key for people. stuart: charles, as always,

we'll be watching you on "making money," 2 p.m. eastern here on fox business. >> congratulations. stuart: president biden gave his final interview from the to oval office. roll it. >> i really am concerned about how fragiling democracy is. that sounds corny, but with, i mean, i really, really am a concerned. because you've with heard me say it a hundred times, i really think we're at an inflection point in history here. unrelated to any particular leader, things are going to change drastically are. stuart: i want to bring in will cain on this. biden seems to have a very negative view of the future. i'm sad to see him go out like this. what say you, will? >> well, he's going out the same way that he came in, stuart, which is promising us there are threats to democracy, the threats just simply change. at one point it was

authoritarianism, it was donald trump. now he warns that it's an old oligarchy. true hatred, stuart, has to hit close to home. it can't be an abstract, it can't be far away, and therefore, one of the biggest sources of hatred is betrayal. what's happened with tech ask and tying this into your take today, biden a had the backing of the richest people in tech and in america for most of his last four years. today he wakes up and he sees elon musk and mark zuckerberg and others gravitating towards donald the trump, and he feels betrayed. and now because of that he hates, and he projects that into the thing he has fosteredded the last four years. it's not working for him. and that's the oligarchy he warns now is a threat to democracy. he's been betrayed. stuart: wow. strong stuff, isn't it? really is. i've got to end it here, will, but i do want to thank you and congratlace you on your new shot

premieres 4 p.m. eastern here on fox news channel -- enter can i just say as well, stuart, happy 15th anniversary to you. it's one of my favorite shows to do on any of the fox networks. one of the best guy, one of the best personalities. to have that welcome from you is much appreciated. i cannot wait for 4:00 next use on the fox news channel. stuart towt we will be watching, that's a promise. will cain, you're all right. see you with soon. gotta check that a market. why not? 330 up for the dow, 270 for the nasdaq. and intel is moving -- lauren: way up. stuart: way up, look at that. lauren: almost 8%. maybe some m&a. there's a report that that an unname thed company was considering buying intel, quote, whole. their turn-around, obviously, has a stalled. the stock is down nearly 60% in the past 12 months. maybe somebody is buying it. stuart: maybe so. applied materials. they make chip equipment.

lauren: sure. and keeping says, time to buy it. it's well positioned to ride out this a.i.-driven growth cycle. stock's up 2%. stuart: j.b. hunt trucking company. lauren: they're down big, 7%, on missed earnings, weak guidance. they cite higher expenses like the cost the pay their drivers. stuart: got it. lauren, thank you. the economic cost from the if fires in california expected to be in the hundreds of billions of dollars. we have the story. israel's prime minister netanyahu, the cabinet there is set the vote on the ceasefire and hostage deal, but there is division among its members in the cabinet, that is. will the deal get through? trump's pick for israel ambassador, mike huckabee, on that next. ♪ if. ♪ ♪

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stuart: all right, let's get back to that breaking news. the supreme court has upheld the tiktok divest or ban law are. lydia hu is with us, has more if on this. give us the latest and any reaction from trump. >> reporter: you know what, stuart? i'm going to check the see if we have reaction from if trump, because that would be incredibly important because with now it seems the issue would be punted over to him to deal with, you know? i want the say this result is not surprising. we expected the supreme court to uphold this ban. what is surprising is the speed if at which they rend arerred this decision. we -- rendered this decision. we only had oral arguments seven days ago, and that criminal immunity decision we got over the summer took the court 67 days after oral arguments to decide that case. kind of gives you an idea of how important this case is to the supreme court, and they're recognizing 170 million users

are all looking at this and saying, am i still going to be able to use this? with respect to president trump, you know, he filed a brief with the court asking them to pause, delay the implementation of this ban. so his administration if could get sworn in, and he could have an opportunity to negotiate some type of result. they decided, listen, we're ready to just make a final decision, we're ready to go. so there's no pause here. the ban's going to take effect on sunday. that means we don't really know what's going to happen with tiktok. it'll up -- be up to president trump the clean up the mess. stuart: if you're on tiktok now, could you united states again on sunday? >> reporter: the answer would seem to be no, but it is not especially clear. the penalty provisions apply to google and apple, the service prosliders. they're pacing a fine of something like $5,000 per user, and think about 170 million users, if they continue to work with tiktok. that means they can't allow new downloads, any new service

updates to the app. what because that mean for existing users? lauren, you have tiktok on your phone. it's unclear. grady mentioned maybe tiktok would just go completely dark and put up a message and say, hey, contact your lawmakers. i like to follow analysts from light shed, they expect it's going to be something like when you fly into hong kong, you can't access facebook, it's gone. that that might happen as well. stuart: so we've got about 36 hours before the ban actually goes into effects. i would imagine there's going if to be enormous amounts of negotiation. >> reporter: one would think. president-elect trump, i should say, he did have a phone call with -- stuart: xi jinping. >> reporter: -- chinese president xi jinping. part of this is the whether there's a viable deal for the divestiture of tiktok from bytedance, and china a would have to agree to. that's you also have tiktok's ceo who's going to to be with

trump sunday and monday. it does seem like trump is kind of working his magic. and we also have an offer from frank mccourt too, so does that become viable now? i don't know. stuart: it's the negotiation city for the next 36-48 hours. thank you, lydia. jumped on that fast. >> i want to update this story, israel's cabinet has okayed the ceasefire deal with hamas hamas. u.s. ambassador, the nominee thereof, mike huckabee, joins me now. governor, my question is, is hamas going to stay in power in gaza? if. >> let me, first of all, say congratulations on 15 years. stu, you've lasted longer in this job than i ever have in any job i've had in my life -- [laughter] so i've got to congratulate you for that. you're a guy that can stick to it. but let's get to the deal in israel. i think the best way to describe it, it's a step, not a stop. this is not the end of anything, but it is the beginning toward what all of us hope will be an end. but the most important thing is

getting hostages out. they've e been there for 468 days, longer than the hostages held by the iranians in 1979 were held. so that's the big priority, and it's what finally broke loose. and it happened because donald trump got involved and said if you don't let those hostages go, you have hell the pay. if so that's -- to pay. so that's what finally brought some movement. but i think we would be a little bit overly optimistic to say this is going to be great, everything's going to be fine. because to say that, you have to also say we with trust the hamas. we know they're good guys and they'll do what they say. these are thugs, murderers, criminals, terrorists, savages. so will they do what they say? let's hope so. but if they don't, they will regret it. stuart: is anyone beginning to the talk about paying to the rebuild gaza, and who will rebuild gaza? anyone talking about that at

all? >> well, i'm not hearing it. i'm sure somebody's talking about it. but the reason hamas -- or that gaza gaza is in a mess is because of hamas. and hamas did what they did because of iran, today had the funding for it. so maybe if somebody rebuilds it, it ought to be the iranians. if they had enough money to build rockets and bombs and missiles, perhaps they have enough the rebuild buildings and housings. and instead of building tunnels to to hide weaponry and and violating every kind of norm of humor behavior, maybe they could spend that money on feeding their people, giving them a place to stay and medical attention. but that's the responsibility of the people who messed this up, is and that was hamas funded by the iranians. let us never forget why gaza is a hell hole right now. stuart: governor huckabee, thank you very much for joining us on an important day. we appreciate it always. thank you, mike. >> thank you. stuart: continuer america is walking away concern corporate

america is walking away from extremism. would this be happening if trump wasn't elected? we're going to deal with that next. ♪ ♪

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stuart: well, the rally holds. you're still seeing plenty of green, left-hand side of the screen. dow up 300, nasdaq up just over 200 points. we're looking at the movers, and this is in light of the tiktok decision are from the supreme court p. what's going on with meta? lauren: it's down today. their rival, tiktok, will not be offered on the app stores on sunday after that ruling from the supreme court just moments ago. well, 170 million americans use tiktok. those users might flock to meta or snap or other social media where sites. why aren't those names higher odd? it could be sell the news, or the market does expect trump to negotiate tiktok's survival. stuart: how about djt? lauren: well, it's higher ahead of the inauguration monday of donald trump. it's up 2. this is the name that was a proxy for trump the candidate,

it might also serve as a proxy for trump, the president, and how his policies are taking effect. it's also where he likes to post the news that we cover. stuart: micro strategy, i'm sure they're up. they are. lauren: yeah. crypto players are all surging today as bitcoin is up 48% since election day. monday is inauguration day, and investors do expect favorable regulation. bloomberg says trump could issue an executive order to designate cryptocurrency a national priority if miss -- in his first couple of days. stuart: that's important. thank you, lauren. california residents could be feeling the economic effects of the fires for years to come. madison alworth is in altadena. can you put a dollar number on the damage from the fires there? >> reporter: we can, stuart. it's going to be a historic loss. we are talking about a loss of $275 billion. that's because we have losses with homes, businesses, schools,

infrastructure. across the board with, damaged and destroyed. this will be something that los angeles and california will be dealing with for years. in the immediacy, taking a look at the jobs number, goldman sachs' analysts project the fires will knock upwards of a 25,000 positions there from the labor department's january report. but job creation here in the parts that were devastated, it's going to be worse than that, and your also going to be dealing with unemployment because i've spoken to multiple businesses that question when or if they will ever reopen. at latest count looking at the structures, 12,300 structures have been destroyed. not just damaged, completely destroyed. and that is a making the dire housing crisis in south california worse. if before the fire realtor.com says there was a home gap of 200,000 units. now it's wider. realtors tell us they've already seen attempted price gouging in a competitive housing market that just got a lot more

competitive. >> we've seen properties that have been on the market for, as i said, three months, no activity i'd say for $8,000 a month and now the owner wants 14,5. and that's a really high jump. especially since we didn't have any traffic before that. and so we actually either advise the seller to not do this and if they continue to do it and they really want to do it, we walk away. >> reporter: thousands of los angeles homeowners just became hopeful renters like michael johnson. this was the his house before the fire. and what you're to looking at behind me is his house now. it's gone. there's nothing there. he's gone to three different rental properties, all three are completely full. so he's living with a friend. he's willing to pay the money, but he just doesn't haver in to go, stu. stuart: terrible situation. madison, thank you very much. the former chief executive at cke restaurants is andy puzder,

and he joins me now. andy, you lived in california for 25 the years. you heft because of the state's failed policies, and you moved cke's headquarters out of california. will the fires create serious political change? >> i hope they will. i think people are going to realize when we have republican governors like pete wilson, even schwarzenegger who wasn't great, but at least they could stop these progressive policies and advocate for things that would protect the people of california. hopefully, people in california will say were we better off under wilson and schwarzenegger or brown and newsom? i mean, the conclusion has to be you were better off a before. this is a very devastating event that will be felt in california for many years to come. people who haven't been to california should know, this was a very beautiful, affluent, tourist attraction area. you couldn't find a nicer place

to live in the world, and now it's burned down. stuart: we've often speculated about whether we'd see a republican elected to statewide office in california in my lifetime. now, i'm getting on in years, and so the answer was often, there's no way you're going to get a republican elected in your lifetime because it's too short. but you would -- are you prepared the change that now? do you think a republican could get elected? >> yeah, somebody -- the quality of i candidate we had in 2010, we had meg whitman when had been the ceo of ebay, and then in 2014 we had neel kashkari, very sophisticated financial guy who's now the president of the federal reserve bank in minneapolis. if we have a candidate of that quality, you know, the people can understand really knows what they're doing and will take actions that actually could benefit the people of the state, i think somebody like that would have a chance. i think -- even larry erld, but, you know, he was a good guy, good candidate. as long as we have a good, solid

candidate, that's what'll make the difference. stuart: wall street's largest banks announced they're leaving the net zero alliance. is corporate america finally walking away from climate extremism? >> before i answer that, i want the add to what mike huckabee said, and congratulations on 15 years. as a somebody when's been watching and being a guest on -- who's been watching and and being a guest on the whole 15 years, the show started off great, and it's just getting better. i wanted to make that point before we moved on. on the esg front, the signs are very good. we've won some battles. the people who have been resisting have won some battles, we have not won the war. we're seeing large corporations walking away from esg. they claim because it's become pretty politicized. -- politicized. people finally understand what esg means. the question is, will the policy

change? to determine that, i think we need to look at a blackrock, state street and vanguard's proxy-voting guidance that can comes out this year. are they sill advocating net zero and dei, and then we need the look look at the compensation plans for the big companies, are they still compensating executives around these diversity, equity and inclusion goals, and if they are, things are going to change. stuart: we're watching. andy puzder, thanks for joining us, sir. it's been great having you on the show all these years. >> thanks, stu. stuart: liberal staffers on capitol hill, federal workers, they're demanding a 3 2-hour workweek. even democrat lawmakers are calling it a terrible idea. we're all over it. several stars have joined "varney & company" throughout our 15 years. watch. >> i am exhausted. my opponent who finished second, duane the rock johnson, it was truly a clash of the titans. >> do you miss me?

it's your former sidekick, liz macdonald. congrats, stuart, on your 15th anniversary. 15 years, where did the time go? stuart, we always had so much fun together on your show. thanks so much for keeping it real and for showing us how to do it, stuart. you are a super person. i know you don't like the hear it. you're a great human being and a true friend. congrats again on the anniversary, stuart, and i hope there's many, many more. ♪ matter rock is in the house tonight the -- tonight, everybody just have a good time ♪ ♪ i joined sofi because they've helped millions of members

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stuart: yes, the big news of the morning, the supreme court has upheld the tiktok divest or ban law are. that means the app could shut down on sunday. the white house has just released a statement. they say president biden's

position -- here's the quote -- tiktok should remain available to americans but simply under other ownership that addresses the national security concerns identified by congress. given the sheer fact of timing, this administration recognizes actions to to implement the law simply must fall to the next administration which takes office on monday. that was from president biden. so far no word from president-elect donald trump. 15 years ago the first episode of "varney & company" aired. through the years we've had sports icons, actors, business leaders and so many more. here's a look back at some of our guests in the last 15 years. i li stars on this show, you know what i mean? ♪ stuart: you know this man, joe theismann. lou holtz. rob gronkowski, otherwise known as gronk. keith hernandez. caitlin jenner: pete rose.

i remember you as the most aggressive competitor -- >> i played to win. stuart: you're in remarkab good shape. >> am exhausted. my opponent, who it should second, dwayne "the rock" johnson, it was truly a clash of the titans. >> i was just a shy, innocent kid in the projects living life broke, loving it. get to the nba, dammit. stuart: give me the high point points, joe. >> winning a championship. stuart: do you know who that is? if johnny damon. >> wow. stuart: your business has been taken over by mma and ufc. logan paul is here. this guy's really famous. his name is jake paul. you like fighting. >> i love fighting, more than anything. stuart: do you really? punching people? >> more than anything. stuart: who have you got for president in 2024? >> i'm hoping for trump. stuart: mr. president, thanks for being with us. >> it's only because i like your show. stuart: thank you very much. ready to start talking with china again? >> i don't think so. i told them, do you want to make

a deal, they're just not ready. stuart: are you going to cut some spending? >> absolutely. stuart: that's a tall order. >> it's not as tough as you think. stuart: maye musk is elon's mother. she joins me on the set. >> i watch your show. stuart: you co? >> i really respect him, and he's really happy there's a future. stuart: your space walk lasted a few seconds concern. >> i probably only had a few seconds to enjoy the view. stuart: country legend charlie michigan yells. naomi judd. >> i'm really leer -- here, look. >> i've tried to write song that kids go through. >> come on. stuart: if if if you think -- [laughter] >> come on, stuart, do it! stuart: no! [laughter] i think of you, john, as a conservative. >> absolutely. you don't really lose a role, you're just not looked at. >> there are, by the way, many, many conservatives in hollywood that just aren't very vocal. [cheers and applause]

if. stuart: what are these nfts? can i buy one, can i put them on the wall? >> it's up to you. you can keep it for a long time, you can trade it like a playing card. stuart: you don't spend a dime of your nfl income. you live on your endorsements. >> yes, i have through my old career. stuart: you're all right. >> you're on every day in my house. >> stuart, i really like you a lot. i think your energy is fantastic. >> love you, stuart! hey, i love stuart varney. [laughter] stuart: that's on tape, everybody. [laughter] stuart: we've had quite a few intelligent and famous people on the show. ashley and lauren, we've had famous people on the show. i want to know, first of all you, lauren are, who was your favorite? if. lauren: oh, dolly par parton. i was embarrassed, i asked her to take a picture, and she did. and then logan paul. it was all the rage with the kids. i was the coolest thing in the

kindergarten class. [laughter] stuart: excellent. how about you, ashley? >> oh, so many over the years, stu. dennis rodman was an interesting dude. yes, dolly parton to. i actually got to interview her. she's always absolutely the nicest person in the world. but i'm amazed at the number of stars, singers, you name, famous people that have been on the show. stuart: next time put your mic on -- [laughter] and we'll hear what you've got to say. [laughter] it's been 15 years, ash. we should have figured it out. ashley: oh, this is called a mic. okay. let me try that. testing, testing. stuart: there you go. all right -- [laughter] i'm going to check the markets, that's what we're hear for. -- here for. politics and money, that's what we do. we're in rally mode. up 380 on the dow, 2700 on the nasdaq. now this. in july, frequent guest lou basenese told us about the crypto mining company core scientific. the chief executive at core

scientific, adam sullivan, joins us now. adam, your company pivoted away from bitcoin mining to high performance computing. and i know that your stock has done extremely well. i want the talk to you about trump and a.i. what is the president-elect going to do for a.i.? >> yeah. well, first of all, congratulations on 15 years. appreciate you having me on at such an historic time, an anniversary. what was interesting was we just saw an executive order from biden just a few days before he leaves office, and now what we're expecting from trump is something probably even larger than what we saw from the bind executive order. what's -- biden executive order. it's clear this is a bipartisan issue and trump is going to be very supportive of more artificial intelligence, digital infrastructure being developed right here in the united states which is huge for core scientific. stuart: what's the main trend for a.i. in 2025? >> the main trend is going to be continuing to see these large

scale sites being developed across the united states. we've actually seen some announcements, you know, trump just made an announcement from mar-a-lago related to a $20 billion investment here in the united states from an international company, and we're going to see more of that that. weaver going to see more large scale, digital infrastructure data centers being developed across the united states, and that trend's going to last for the next 3-5 years where we're going to see these large scale hyperscalers, large enterprises conning to develop these sites across the -- continuing to develop these sites across the u.s. stuart: i'm sorry it's so short, but we're full of anniversary stuff, and it's kind of fun. adam, thanks a lot. see you soon. still ahead, the most memorable stories that that we've covered. for me, there's one big standout. 25015, donald trump announces -- 2015, donald trump announces his

run for the presidency. the supreme court has upheld the tiktok divest or ban haw. what will president-elect trump do now? oklahoma senator markwayne mullin on that, he's next. ♪ -- on a feeling. ♪ and i'm high in believing that you're in love with me ♪ (auctioneer) let's start the bidding at 5 million dollars. thank you, sir. (man) these people of privilege... hoarding the financial advantages

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stuart: all right. the dow is up 390. the nasdaq's up 284. s&p up 61. plenty of green. that's a rally. and then there's this, news of the day. the supreme court has, indeed, upheld the tiktok divest or ban law. senator markwayne mullin, republican from oklahoma, joins me now. mr. senator, there seem to be some negotiations going on. president-elect trump and president of china, president xi jinping of china, they spoke on the phone today. tiktok's chief executive will be at the inauguration. do you think the president-elect will get this done, negotiate is people can keep tiktok in america? if. >> well, i wouldn't ever underestimate the ability that president trump has to negotiate. stuart, you and i both know he literally wrote the book on that. the problem that we have is

china, the ccp has to debase with themself not just of ownership, but of control. that means they've got to release it completely. they also control the servers, and they're infiltrated all through the network. it's not just simply selling the company, but it's divesting itself and getting rid of the software that's inside of tiktok as well. president trump also understands retail politics, stuart. he understands that 30 of the tiktok users -- 30 of the tiktok users supported him. 30%. he does not take that for granted. he understands this is a tremendous amount of wealth that people make a living from and companies advertise with, and he doesn't want to do anything to disrupt that that. so you find the incoming president, president-elect trump, in a situation that the he's trying to find the perfect balance between the enterprises and congress which is a very difficult spot to find yourself in. stuart: i think it's going to be an intense period of negotiation for the next 36, 48 hours.

we don't know how it's going to turn out. >> that's right. stuart: many senator, the prime minister of greenland says his people do not want to be a part of denmark or america. watch this. >> greenland and the future of greenland will be decided by the greenlandic people. and the greenlandic people don't want to be things. the genelandic -- greenlandic people don't want to be americans or danes, they want to be part of the western alliance as the greenlandic people. and if from that we want and have the goal to have more cooperation with our strong partners as usa. you are our neighbor. your security is our security. stuart: mr. senator, do we need to buy and control gleanland or just do -- greenland or just do more business there? >> i think the more we do business there, the more our

economies interchange with each other, the more greenland understands the importance the united states brings to them. they also understand that we're their closest ally as far as protecting them from fierce activities that may have a negative effect towards greenland or want to take advantage of them. i think it's just simply going in there and taking over, it would be difficult for us to do that, but we can slowly show the importance of what we bring to the table and let those individuals that live in greenland, let them make their decision for themselves. i think they will find us a very comfortable place to be part of and something they can take pride many. and president trump is going to strongly push and add advocate for this. but ultimately, the people thatly in greenland is going to make that decision. stuart: i think they are. senator, thanks for being with us. programming note, we will have live coverage of president trump's inauguration on monday all day, right here on fox business. all right, stay with us,

this is the 15th anniversary edition of very and company, and it's going to -- "varney & company," and it's going to to roll on. >> wait, what? varney's turning 15? dude's like -- oh, i'm sorry. the show is turning 15. [laughter] yes, it is the 15th anniversary of "varney & company." stu, i will personally never forget the day you launched the show. it was like a cross between crucial business news and laugh-in. information investors could understand and use with a healthy dose of personality thrown in. to have this kind of long jeff few, stu, is really something to be celebrated. congratulations. ♪ i'm coming up, so you better get this party started ♪

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