we've seen an increase there, but we're still last year 240,000 power boats compared to 2019, still room to grow. industry experts though are hopeful. shows like this account for 60% of annual sales. they tell me that because of the trump administration and their policies, they think they are going to get wind in their sails take a listen. >> one key part was seeing election kind of getting settled and now there's greater certainty but there's definitely renewed excitement around the tax cuts and having that extended. that fueled growth in the industry in 2017. reporter: so, tax cuts last time helped with sales and they hope again and interest rates are coming down but one of the issues the boat makers tell me is the last time trump did tariffs they had retaliatory tariffs on boat makers. cheryl: thank you, madison i don't want to make david asman

mad. david: well it's only 20 seconds whose counting. have a wonderful weekend cheryl, great to see you. good morning, everyone, happy friday i'm david asman in for stuart varney. what a week its been and it ain't over yet. president donald trump is gearing up for his first trip in his second term heading to north carolina and california where communities are still dealing with the aftermath of recent natural disasters. governor newsom, california governor newsom, says he will be on the tarmac when president trump arrives. we'll see. well, meanwhile, trump's nominee for defense secretary pete hegseth could be confirmed as soon as today. he has passed a key senate hurdle moving him closer to the final vote. in legal news, a federal judge in seattle has temporarily blocked president trump's executive order that aimed to end birth right citizenship. 22 states and immigrant rights groups sued the trump administration over the ban, the 14-day restraining order applies to the entire united

states. also, on the immigration front, i.c.e. stepping up operations making over 530 arrests yesterday, including of course the high profile suspects like child sex offenders, members of tren de aragua gang and a suspected terrorist and the raids took place in cities and towns all over america and of course earlier this week i.c.e. arrested several ms-13 gang members, rape suspects, and murder suspects in boston. that was well-documented by our own bill melugin. white house press secretary sharing a photo. i think we have that. she says, deportation flights have begun. we'll show that, yeah that's the photo. to the markets now. the dow and s&p and nasdaq all down not by a lot dow is down in pre-market activity by 89, s&p down by 8.25 and nasdaq down 24. the 10-year treasury, let's take a look at that. it is unchanged at 4.64.

the two-year treasury is up just a tick i believe. no actually it's down a tick. it downed .7 basis points to 4.3, and bitcoin is trading up a little bit, about 1,500, or $1,400 to 105, 205 per coin. well, president trump is signing an executive order with the goal of making the u.s. the capitol of crypto. the capitol of the planet, for crypto. crypto czar david sax, one of the smartest guys in the universe telling fox business that what the industry really wants more than anything else are clear regulations. friday, january 24. what a packed day it is. "varney" & company just about to begin.

♪ ♪ david: this song, i'm told that's rachel who is it? lauren: yeah, rachel platin, as i read from the screen. david: it's a really uplifting song. there's a lot to be uplifted by. well, now, now you're getting fancy on us. all right, todd is here as well. president trump is gearing up for his first trip in his second term. come on in lauren. you've got the details. it's a very busy day. lauren: he's standing by the folks of north carolina. he will leave the white house for asheville and talk to residents there and show his support, make sure they are getting the resources they need to rebuild their homes and businesses. after hurricane helena, which actually hit four months ago, after that, he will depart for los angeles to tour the wildfire devastation but the white house has not said if that will be with governor gavin newsom. nonetheless, the governor says, i'm going to the tarmac at lax.

david: facetime. he wants facetime. lauren: frequently at odds the men have not spoken in five years and then at 10:00 tonight eastern time the president will hold a rally in las vegas to thank the folks of nevada for their vote. so, one-day, three stops on his first official trip as president again. david: you had to know he was going to vegas at least in one of those stops but the l.a. trip is going to be particularly interesting we'll be watching it right here. lauren thank you very much. now this. a federal judge blocked trump's executive order ending birth right citizenship. he says the order is "blatantly unconstitutional." todd piro joins me now. todd? there are a lot of questions about this , dating back to the 19th century, and the 14th amendment. run us through this. todd: i said on this very show this week this be a tough legal road for the president simply because it's in the constitution and in order to undo

the constitution, you need a constitutional amendment and the numbers just aren't there. david: but the question is, did it apply just to what was going on with the civil war? todd: that's the question. trump says no. these other individuals say yes. so where does this go from here? brian babbin, texas congressman, has a bill he's trying to get through that basically ties this issue to what donald trump is complaining about, which is the incentive that it creates for birth right tourism and things like that. so, how does this all play out? that bill needs to become a law. it then needs to be put into practice. you have a battle of these laws and it's ultimately determined by the supreme court. david: and a battle of supreme court's past because some have been favorable to this idea that trump has. others have not so we'll see how it all works out. i want to talk about former vice president harris, whose reportedly asked hillary clinton for advice on how to move forward after losing to trump. do you really want to take

advice from a loser? todd: i get the thing she lost to trump so let me ask this person. i get the sense that she's a woman. it's woman on woman, but unless she's going to say here is how you traverse the woods in westchester county, which is what hillary did when she lost, i don't into necessarily what advice she's going to give because you mentioned she lost the race. you called her a loser. i would go so far to say shows is been a sore loser and spent the last eight years pining over this and being upset over it. david: and she's an election denier still about 2016. todd: if i'm kamala is that how i want to approach my next eight-plus years? i don't know if that's the road for her. i feel like california senate is an option. california governor is an option, complaining may not be the best option. david: today thank you very much for that. now, this. donald trump signed a new executive order on cryptocurrency. lauren what's this all about? lauren: establish a crypto working group chaired by david sax, to develop the rules of the road the industry is begging for the rescind what's

called sab-21 paving the way for banks to hold bitcoin and explore potentially developing the national digital assets stockpile. of course cynthia lummis is an advocate for the strategic reserve of the government acquiring 1 million bitcoin over five years according to her own proposal. bitcoin is trading just under 10 5,000 this morning so fast and furious for the crypto industry. they are happy with what they got from the first crypto president this week. david: we know what cryptos doing or at least bitcoin. let's take a look at the other markets if we can. the general markets are trading down. the dow is down about 80 points, s&p just down a fraction, 4.75 and nasdaq almost flatlining there at up 1 point. that is literally flat and now its gone green so things are turning around. kenny polcari always turns things around. he joins me now. kenny we've had a bit of a rally

recently. is this a trump bump we're getting now and even if we're a little red on the screen now, the optimism is just undeniable. >> i think it is and i think it is optimism across a range of the issues, right? it's crypto. it's the softening discussion about tariffs across china and across parts of europe. it's the softening discussion about the threats, those threats were kind of unsettling to some people. so yes, i do think that it's that and i think it's also the better economic data that we're getting. it's the better earnings reports we're getting. it's the better future guidance that we're getting. it's deregulation, so yes, i think that it's all playing into it. do i think that it's a little bit stretched? i do think it is, but look. i'm invested so whose complaining. the market goes up i love it, right? david: more than just discussions. there are actions being taken. executive actions being taken that specifically deal with deregulation. that's one thing that the president doesn't have to deal with congress about. he can do it with a pen,

and deregulate all of those regulations that the biden administration has put in, including one suggestion of this minimum global minimum tax agreement. i think one of the big sleepers of everything he's done this week is getting rid of that. that's something that obama first suggested and then biden worked on it a and then yellen promised it to the socialist euro bureaucrats who love the idea, because there be an endless stream of tax money from the united states going into their bureaucracy and trump said no, we're not going to do that. i think that's causing optimism even in europe by the way among business community in europe. >> yeah, i certainly think that's causing optimism but look, that never really went anywhere after janet yellen put it in place in 21. congress never passed it. the democrats who had control never passed it and so it was running into issues here anyway but i think what trump did is he took it off the table, so now

it's not even an option anymore, so i think that's the positive, right? that's the benefit he just said look, not happening. take it off the table. we're not going there, so yes, do i think that's also part of the conversation, adding to the euphoria? sure. david: the other positive is you see those global activists who wanted that money just crying their eyes out over in davos. kenny great to see you on this friday. have a wonderful weekend thanks a million. well president trump's pick for defense secretary pete hegseth could be confirmed as early as today, or tonight probably. we'll bring you state of play from capitol hill. meanwhile as lauren was saying crypto czar, dave sax, one of the smartest people in the planet says biden drove the crypto industry away from the united states. listen. >> for the last four years the biden administration has basically prosecuted and persecuted crypto companies. all of the innovation was basically moving offshore and america was about to lose

this technology of the future. david: we'll bring you more from that exclusive fox business interview coming up and trump called out major banks for reportedly debanking conservatives. we'll tell you how those banks are responding, plus we'll hear from republican big haggerty. the senator is on the senate banking committee and he joins me next. stay tuned. ♪ i'm thinking of updating my kitchen... —yeah? —yes! ...this year, we are finally updating our kitchen... ...doing subway tile in an ivory, or eggshell... —cream?... —maybe bone?... don't get me started on quartz. a big big island... you ever heard of a waterfall counter?... for everyone who talks about doing that thing, and, over there. but never does that thing... a sweet little breakfast nook. chase has financial guidance. let's see how you can start saving to make this happen. —really? —really? really. at home or in-person. you could also check out a chase money skills workshop. that's guidance from chase.

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david: checking the futures right now looks like the markets are taking a little breather. yes the dow is down 97 points and the s&p is down but nasdaq is know up and show me the 10-year. the yield is up just a tick, .3

basis points up to 4.64 or 4.67 so basically the market is taking a breather is the way to describe the two-year, that's trading down but again not by much 1.6 basis points down to 4.3 about. well, during president trump's remarks to the world economic forum, he accused the big banks particularly bank of america of discriminating against conservatives. hillary vaughn joins me from capitol hill. so, hillary, how are the banks responding? reporter: david, they are denying it, after president trump really put major ceo's on the spot. he grilled them from the white house, all the way in davos about why conservatives are complaining that they are being iced out from doing business with major financial institutions. >> many conservatives complain that the banks are not allowing them to do business within the bank, and that included a place called bank of america. i don't know if the regulators

mandated that because of biden or what but you and jamie and everybody i hope you're going to open your banks to conservatives because what you're doing is wrong. reporter: but, they say in many cases their hands are tied about who they do business with and don't. bank of america saying in a statement, "we're required to follow extensive government rules and regulations that sometimes result indecisions to exit client relationships. we never close accounts for political reasons." jpmorgan ceo jamie dimon echoed that in a podcast this week. >> we're not allowed to tell you why we debanked you so we think there's a risk of fraud, we think there's a risk of money laundering if we don't debank you we'll get in big trouble and there's even a chance they might be stepping over the line but if someone whose innocent and then five years later proven guilty it can cost us hundreds of millions of dollars. we have to apply with the law but it's ambiguous and we're punished if we make a mistake in our judgment. reporter: so, david, banks say congress needs to get to work to

fix these laws, that they say are scaring them away from doing business with customers that they deem could be too risky. david? david: hillary thank you very much. senator bill haggerty joins me. so whose right and whose wrong on this , senator? >> i certainly side with president trump on this one because i've seen it myself. look, you've got these big banks that have dei and esg narratives they are trying to follow and regulators here in washington. bank supervisors, that don't have to put out a written warning. what they have to do is suggest perhaps there's reputational risk associated with a particular entity or a particular customer. even barron trump has had difficulty getting a bank account and president trump felt this in his own family, christian ministry groups having a difficult time and it's amazing to me and all americans the banking system isn't open and available to everybody in america. we'll change that. now that the gavel has shifted here in the senate, the banking committee is under republican control. we fully intend to take

supervisory action to get a hard look at this and on the executive branch side i can guarantee president trump will dig into this too. its got to come to an end. david: let's switch to the trump nominations many of which are being held up. focus on pete hegseth. i know we're a little biased here because he comes from the fox family, but two republicans now had said no on pete hegseth. are there any democrats that are saying yes? and in particular, i'm wondering about mr. fetterman. >> i think fetterman may be a yes. pete is also a hometown favorite for me. he's from tennessee. david: yes. >> i've been friends with pete for years and i'm delighted to see him into this position. i think if anybody watched the four and a half hours of pete's confirmation hearing what they've seen is somebody patriotic, someone that's bright, energetic. pete is the type of person that is transformative at the pentagon at a time when we really need it and pete is clear and focused on lethality and competence and not pronouns and the type of person that inspires

and helps us recruit and retain the military personnel we need. we're at a great deficit now that's about to change when pete hegseth becomes our next secretary of defense. david: because he was for so long a grunt on the frontlines working with enlisted men he knows what recruits want. he knows what recruits need, and more to the point, he knows how to change the defense department to get more of them. >> absolutely, david. he's got the war fighters mentality and understands what they need and i think he is a shot in the arm to the pentagon and a good positive move. david: good, good, so i take it that you're optimistic. i want to switch to donald trump's talk about the panama canal and of course the chinese clearly have a lot more to do with how that operates right now than what we ever suspected. we're learning more about that. we didn't build the canal for the chinese. we built it for the americas and that was part of the deal when we agreed to give it over to

the panamanian government. if the chinese are running it right now, shouldn't we have the power to stop them from doing so? >> well david as you well know, chinese entities have contracts and operate on both ends of the panama canal. i don't think jimmy carter ever anticipated this when he gave the panama canal away. this is a strategic asset that was built with american dollars and american lives frankly. it's something that we need to take very seriously. president trump clearly is. i've negotiated with president trump in the past. when i was u.s. ambassador to japan he delivered u.s. japan trade agreement and i was deeply involved in those negotiations and one of the things is you don't get ahead of the president. david: senator we've got to run. i have to ask you, are we going to get one big beautiful reconciliation bill, just one with taxes and border in it? >> david that's very much a possibility but at this point in time, we're just going to get it done. however it happens i'm not concerned. we're going to get it done. david: if taxes aren't done by the end of this year, there's going to be a tax increase for everybody and you guys lose the senate. it's as simple as that.

senator, good to see you my friend thank you very much. appreciate it. well now this , president trump has ordered the release of all the jfk, rfk and mlk assassination files. senator chuck schumer doesn't want him to stop there. what's he want? lauren: ufo's. he posted now do ufo's declassify the government files on these unidentified flying objects in the name of transparency. look, there is so much mistrust out there, and lots of interest after the chinese spy balloon, and then the recent drone sightings, but if you remember, senator schumer pushed a bill back in 2023 to declassify ufo's. if he reintroduces this officially, because of all of the interest, perhaps he goes further this time. david: i don't usually agree with senator schumer but in this case i do. lauren: tell us what you know. david: let's check on futures. they are trading, well, more or less, kind of a mah day, dow is down the most, 116 points, s&p

is about flat and nasdaq is actually in the green by just a fraction right now. the opening bell is next.

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david: looking at the markets. we have green on the screen at the bottom. me and my big mouth, it just turned red but barely so it's flat lining on the nasdaq right now. the dow is down just over 100 points. s&p is down 3.75, so kind of a flat market right now. let's bring in mark mahaney. let's talk about netflix because that had an interesting run this week and it's still a little positive right now. it was at $950. you bumped your take of it up to 1,100 is that right? why are you so optimistic about it? >> yeah, so they had a

super-solid print. actually they had a record print. they added almost 19 million subscribers, the most they have added even more than the covid quarterback then in march of 2020. now, they've had recent wins like the nfl christmas day games, the tyson fight, the release of squid games two but i think what's happening is they are running away with the streaming market with a broader selection of content, internationally, locally created content and it's just driving audiences across every region that the company has, and now they are really starting to crank up advertising revenue, so the business fundamentally is getting stronger. you're getting record-high operating margins and generating more free cash flow. its got far and away the biggest cap in media land, 400 billion market cap but i think it well-deserves that and this is the stock you want to stay long. david: now it's not a loan in its market. obviously you have competition with prime but particularly paramount. paramount has been doing very interesting shows that have been creating like yellowstone,

landman, creating a new audience for their product. are you worried as an investor in netflix and peri- mountained paramount?>> yeah, the streamig competition has become less intense over the last couple of years and this is a game with scale advantage so it goes whoever has the most subscribers generates the most revenue, can spend the most on content, and more revenue and content this company is spending 18 billion a year on content and probably 2x to 3x what paramount is spending. >> [opening bell ringing] >> it's sustainable. david: i hope for your sake you're right. i have problems frankly with seeing netflix. sometimes it pi pixilates too m. have a wonderful weekend as you hear the bell ringing and markets have begun to trade. there's more red on the screen than green but the red isn't that bad. there's the dow is down, actually, its improved from

pre-market activity, it's down from 60 points right now and you do see a lot of green stocks in the dow. nasdaq is actually trading i believe nasdaq is trading in the green, and s&p is about flat, no, s&p and nasdaq are now trading so we may end up with a green screen all along the line. we're also showing big tech if we can switch to the big tech companies, apple and alphabet are trading in the green. meta, amazon and microsoft not so but again, none of them is over 1% decline, and it's about even in terms of the percentage wise whether they are positive or negative. it's not a big loss or a big gain either way. let's start with the cryptos, and taylor riggs joins us now. cryptos are getting a boost from trump's executive order? taylor: it sure looks like they are at least a little bit, so we've got all of those executive orders and this is really what the crypto market was waiting for.

again, it's a working group that includes the treasury, justice department, sec, cftc. we're going to have a report as well they won in about six months and will also recommend a regulatory framework, something really important to that market, as well as a digital asset stockpile so this is something that the market wants to hear more about. david: well the market hasn't been too kind about tesla for the past year or so. they have begun to become sensitive to this. they just started selling a revamped version of their model y in the u.s. taylor: so do you have a spare $60,000 you want to lend me? because for that, i get the new model y suv from tesla. david: you want one? taylor: that's without the $7,500 federal tax credit, again, if that stays but listen to this , david. you get redesigned panels, front and rear light bars, upgraded interior with ventilated seats, reclining second row seats and faster wi-fi, if you're interested in that. david: tesla are great salespeople. they know how to sell better

than anyone of the ev cars i think in my mind. novo nordisk is up today. what's going on there? taylor: unbelievable up 10% so they just came out with the latest results from one of the latest trials they have with a new weekly injectable weight loss drug. the results so far are good. the average weight reduction was about 22% in obese and overweight people, patients after 36 weeks. so again, once weekly injectable drug. one of the latest that they are putting out maybe to market. david: all right we had a couple of names report before the bell. i want to start with american express. taylor: revenue for the quarter and year up 9%, earnings per share up 16% for the quarter, year-over-year. more importantly they are guiding revenue growth of 8-10% next year and increasing the quarterly dividend by about 17%. david: the market i guess is selling the news with the market right? taylor: a little bit. this is a stock that and again i spoke with the ceo and what he said is you have a little bit of

a pullback from small businesses last year, right? because inflation and interest rates, small businesses have a hard time investing in that environment, but he said he's starting to see a little bit of that turn around especially with the administration that's more pro-growth and more of moderation of regulation. all of that lends itself to higher growth on the horizon, so we'll have to see how they do. david: move into the telecoms. verizon in particular? taylor: so this is, funny. guidance fell short of expectations, but the stock is up. that's for next year. stock is up 2%. they are saying wireless revenue growth though was up 3% because they are raising prices. and it's working. it also was the first full quarter where we got results from the apple iphone 16. also, helpful to verizon. david: blackstone is looking to buy a power plant in virginia. it's all about the data centers. right? taylor: it is. it is a billion dollars that block stone is making. what they are saying is in the virginia d.c. area, that is whereabouts a quarter of

the u.s. data centers capacity is located right now. they want to be there sort of again, the future of data centers and a.i. david: and dei is big in the news of course. costco has a relationship to it. how? taylor: this is very interesting. they have voted rejected an anti-dei proposal. so effectively 98% of the shareholders voted in favor of keeping the dei proposal. costco is saying that that overwhelming vote shows they are doing the right thing. what's fascinating is the executives are 81% white, 65% white and male, but they're saying by keeping a dei policy it allows them to broaden their customer base and that's good for the company. david: talking about executives a couple of big time ceo's got a pay raise let's talk with jamie dimon. taylor: all right so i want this number. give me an 8% raise and bring me up to $39 million. david: whoa! taylor: that's what jamie dimon got at jpmorgan. david: i'll take that in cash. taylor: but look they also as we know the big banks just posted record years, and so a

lot of that could be justified. also, only a million and a half of that is base. 37 million of that is bonus and incentives to align his interests with the company. david: whenever you go above a million i wouldn't start with the word "only" but let's go to disney and bob iger. taylor: similar story pay up to 30% to $41 million a year, remember his contract is up at the end of next year. they want a successor in place this time next year. david: boeing just released their forecast for the fourth quarter after the labor strike. we knew it was bad. how bad? taylor: it was bad. now the markets up about three-tenths of 1% understanding these are early results so we have time to digest the numbers before we get the real results. they are looking at what is going to be about a $4 billion loss taking a $1.1 billion charge on those two airplanes, because of a strike, because of a labor agreement. revenue also coming in about lower at $15 billion, but this is interesting. so they burned through $3.5 billion in cash, but they

raised $20 billion to boost up their liquidity. so this is a company that is still able to tap those markets. david: i love how you cover the water front and you do it especially well in your own show you can catch taylor on "the big money show" today at 1:00 p.m. eastern and by the way, she's got a bigger show, big money was not enough. you wanted a bigger show, so she got it. the bigger show begins on monday, the show will expand from one to two hours between 10 p.m. best of luck with that. coming up, in just about a half an hour, president trump will set off to north carolina and then on to california to see the wildfire destruction. will his political feud with governor gavin newsom overshadow his visit? steve hilton, the perfect guy to take that on from california. well president trump just signed an executive order with the goal of making the u.s. the capitol, the crypto capitol of the world. edward lawrence just spoke to trump's a.i. and crypto czar

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david: president trump signed an executive order to make the u.s. the crypto capitol of the world. edward lawrence is live from the white house. edward? you spoke to a guy who i've admired for a long time. the new crypto czar, david sacks, really one of the smartest guys in the universe. financial guys and he knows this. what did he have to say? reporter: next to you, david, smartest guy. he basically said that, you know, this is promises made, promises kept.

the trump administration is now signed an executive order stopping government agencies from taking actions against cryptocurrency. they also created through executive order a working group that david sacks, the czar of a.i. and crypto, is going to chair. now he talked exclusively with fox business about what the group plans to accomplish, and where the biden administration led the industry astray. >> the biden administration is basically prosecuted and persecuted crypto companies really driving them offshore. i've heard so many outrageous stories by founders and entrepreneurs. the biden administration would not tell them what the rules of the road were, and they would then get prosecuted and what the industry wants more than anything else is regulatory clarity. they are saying just tell us what the rules are, we will abide by them. reporter: the group will come up with the regulatory framework allowing the industry to know the rules of the road, as well as what agencies they are governed by. one question, critics point to the trump family creating a stablecoin but sacks says it's not a conflict of interest.

>> i don't think so. i think that the trump coin is a collectible. there are categories of digital assets. it's like a baseball card or a stamp people buy it because they want to commemorate something. so, this is just my personal opinion. i'm not a regulator but my personal opinion is that it's totally fine. reporter: so the administration has not yet decided to create a digital reserve of currency, but this working group will look to see if that's something they should do. the government also is creating a executive order has banned central bank digital currencies from going forward. back to you, david. david: terrific interview edward. i only caught a little bit of it. i've seen the sound bites. i'll go back. foxbusiness.com you can see the whole interview by edward. worth looking at, anthony pompliano joins me now. so there's a lot of talk about deregulation by this administration, but there is a need for specific regulation so that people feel

more comfortable investing in this stuff. right? >> yeah, well look. i think the rules exist in traditional finance will apply here as well so if you commit fraud you'll get in trouble, if you break the law you'll get in trouble. the people in the crypto industry want is to have the clarity. they don't want to be discriminated against for participating in this industry. bitcoin is a decentralized asset which has put a lot of regulators heads in a blender because how do we deal with this deeventuallyized asset but what we do know is this asset is the single-most important asset in finance today. there's only 21 million of them available. when i talked to macro funds and cio's and ask them what is the data point you look at when you come in in the morning, global liquidity, bitcoin price and then everything else and the reason is because bitcoin is so sensitive to all of these different factors, so if you have an asset that is that important to these investors, we need to go ahead and unshack millile, let it trade in the free market and get back to what america was built on. david: one thing i've always wondered about bitcoin. unlike gold, which is another option, if you are worried about

inflation and want an alternative to the u.s. dollar, bitcoin can be grown at whatever level they decide. is there a danger that once they have that freedom to print more, there might be an anti-inflationary effect on the price of the stock? >> yes, there's only ever 21 million in bitcoin so from that standpoint it's a finite defined asset and what i think is more interesting is that it trades 24/7 and 365 so if you look at the us stock market, the stock market is closed more hours a week than is open. but what all these young people are saying is wait a second. there's a global world of investors that want to access this regardless of what the time of day is or which day it is. so what we see with the united states now is a lot of people in the traditional market say the public markets are less popular than they have ever been. there used to be 8,000 publicly traded companies and now there's only 4,000 but this younger generation, they are actually participating in public markets. they are playing with tens of thousands of coins publicly traded. they just aren't playing in the legacy public market. so when you look at that you say

look, investors want liquidity. they want to participate. but what we've seen is regulatory environment that has actually precluded this happening in the united states. david: very quickly the crypto stockpile we hear a lot about. does that mean queer going to need sort of another kind of federal reserve to deal with crypto, the way the federal reserve deals with the dollar? >> my understanding is the united states does nothing else the single most important thing is buy as much bitcoin as we can. other countries are accumulating bitcoin and there's only 21 million. everyday we wait, we will have to pay a higher price. david: in terms of regulation, will there be a federal entity that a lot of seems to run counter to the philosophy of cryptocurrency. quickly. >> no i think the u.s. government can do it. if donald trump puts out an executive order we can start accumulating today. david: great stuff as always, terrific to see you. coming up, congresswoman aoc going on a rant because people actually like donald trump. listen. >> he is much more normalized this time around than he was

the first time. you're being ripped off. you're being ripped off, dude. david: dude. [laughter] and that's just half of it. we've got ben domenech and steve hilton to react coming up meanwhile the surgeon general wants to put cancer warnings on alcoholic beverages but does that dissuade people from partying? we have shocking results from a brand new fox news survey right after this. ♪

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david: well a new fox news poll showing that most people approve of the new cancer warning on alcoholic beverages, but actually, very few people plan to actually drink less alcohol because of the new labels. dr. marc siegel joins me now. i think that i be in that category, doctor. i mean, i really don't drink a lot, but i enjoy a glass of wine or a beer every night. is that too much? >> well, i spoke to the outgoing surgeon general about this last week, and he says that the current recommendations of one-to-two

drinks a day for you, david, or me, is too much. it could link to cancer. he thinks an occasional glass of wine or an occasional beverage, you know, alcoholic beverage is actually okay, so it should be less, but people have their habits. you know, if you had a glass of wine every third night or every other night, it wouldn't have that risk. the biggest issue is with high consumption. david: yes. >> i think the thing you're getting at here is it takes a long time for people to actually change their habits. the airline industry, the travel industry, they are all trying to clamp down now and say how many drinks is that guy having at the airport bar? that's good but we can't police this. we learned before, with the pandemic. you can't police people. we have to look at why people are drinking and what to do about it. it is addictive. you know, wine is great, right? i like the taste of it too. maybe i'd tell you prescribe that you make it every other night. david: the other thing, doc, is not all people are the same.

the folks over in france, for example, drink a lot of wine, and a lot of them live just as long as we do or even longer. i mean, this is where the a.i. stuff comes in, where we're really looking at individuals and what they are more likely or more susceptible to could play a role, no? >> yeah, the issue here is there's a lot of ultra-processed foods in the united states and we have an obesity epidemic and i think that the food is actually healthier in france and i think that that's what it is rather than wine itself. alcohol is a toxin. it also makes people feel good. it's also something that's part of a lifestyle, so i'm not going to advertise for it. i'm going to say drink less of it, but i think that the biggest problem in the u.s. and this is make america healthy again, looking at this very closely now, is our food is dangerous actually. david: yes, well and that leads me to rfk. if he is accepted, as nomination

as the new secretary of hhs, how are things going to change? what do you think he will do actually that will change our lives in order to make us more healthy? quickly. >> you know, he has had a career of looking at things that other people have ignored and i think that that's something that is a bold initiative that hasn't been given enough credit. i think he's going to put a spotlight on ultra-processed foods, ch chemicals, get our fod healthier and more organic. that's the number one thing. pharmaceuticals, are we relying on them too much? should we change our lifestyle? all of that is where i think he's going to focus if he gets in and that's actually quite positive. david: what about his suggestion that we should stop ads for pills on television? >> right because we're a sick society. we should advertise beaches, david and, you know, a treadmill and how about the government giving incentives, tax

incentives for getting to the gym, instead of a pill that you take? i remember, remember when those horrible ads were there for opioids to take at night to get you a better sleep? look where that led us. david: yes, absolutely. >> i agree we have way too much direct-to-consumer advertising for pharmaceuticals. david: dr. marc siegel you are the best. thank you so much have a great weekend good to see you. >> great seeing you david. david: still ahead ben domenech on president trump's claim that free speech in america has been saved. congressman mike lawler will tell us how capitol hill feels about trump's push to end birth right citizenship. steve hilton is here from california and takes on aoc's rant about how supporting donald trump has become normalized and give us a clue about what might happen if trump and newsom meet today plus former million dollar listing star josh altmann on his prediction that 70% of palisades residents will not return after

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