tv Varney Company FOX Business January 30, 2025 9:00am-10:00am EST
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maria: welcome back. we are following the breaking news this morning, the mid-air collision of an american airlines commercial jet and an army black hawk helicopter over d.c. last night. officials reporting 27 bodies from the jet and 1 body from the chopper have been recovered as the investigation if transitions to a recovery mission if rather than search and rescue. d.c. fire and ems chief john donnelly said he expects no survivors. thank you for being here, mario, jonathan, rebecca. final thoughts. rebecca. >> just my heart goes out to the families. maria: of course. >> yes. maria: the no words. we are going to see this investigation deepen. >> hopefully it never if happens again. maria: have a good day, everyone. prayers for everyone affected by that commission. "varney & company" picks it up. stu, take it away. stuart: good morning, maria. and good morning everyone. 9 p.m. eastern last night, an earn -- american airlines jet
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cite -- collided with an army helicopter, both crashed into the potomac river. so far no survivors have been picked up. the investigation into with exactly what happened has already begun. they hope to reopen reagan national airport at 11 a.m. eastern this morning. we are following this. now look at, fallout from wednesday's big tech financial reports. wall street is watching this very closely to see what impact china's deepseek will have on american a.i. companies. the news is this: microsoft and meta will not back away from massive a.i. spending. both microsoft and meta are now putting 30% of their revenue into capital spending on chips and data centers. we have microsoft down but meta and tesla rallying solid. overall, stocks are showing a mixed picture. the dow's down 30 points but look at that nasdaq, that's where the technology stocks shine. it's up 150 points, ask and away
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we go, nearly .7%. bitcoin is rallying. last time i checked it was $105,000. now it's $104,900. interest rates, little changed. the 10-year treasury right, just above 4.5%. the 2-year just under 4.25%, you're at 4.21 there. politics. the president wants to put 30,000 criminal deportees into guantanamo bay. he's reviving gitmo to deal with illegal border crossers. he has retreat thed on the proposed freeze on federal grants and loans. the memo has been rescinded. the president wanted an interest rate cut. fed chair powell did not oblige. looks like they're on a collision course. on the hoe today, bad news for -- show today, bad news for democrats. late polls show the party is increasingly unpopular. their unfavorable rating at very low levels.
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the majority wants complete reform. it is thursday, january the 2030th, 2025. -- 30th, 2025. just ten days into trump's flood the zone presidency. "varney & company" is about to begin. ♪ ♪ stuart: an american airlines flight from wichita, kansas, collided with a u.s. army helicopter in mid-air right near reagan national. 60 passengers, 4 crew members were onboard the passenger jet. finish lauren, this happened 12 hours ago. what do we know now? lauren: what a night. authorities don't believe there are any survivors. they did recover 2527 people from the plane -- 27 people from the plane and 1 from the helicopter, there were 67 onboard both. they say the fuselage of the plane was found inverted many three sections in waist-deep water. around a 9:00 eastern last
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night, an american airlines regional jet complieded -- collided with a army helicopter. we are going to show you video. watch the red circle on your screen. you can see the moment of collision followed by that explosion. you see then the aircraft falling to the water blow. and this happened -- below. and this happened many some of the most tightly-controlled air space, so close to the seats of power in this country. still so many questions, and the president says it could have been avoided. he put this out on social media, why didn't the control tower tell the helicopter what to do instead of asking if they saw the plane? this is a bad situation that looks like it should have been prevented. obviously, the investigation and the recovery efforts are ongoing. the airport is slated to open in two hours. stuart: we're following it throughout the day. lauren, thank you very much. now this, the administration has rescinded -- that is, taken bact and budget memo freezing funding for federal programs. this comes after a federal judge
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put a pause on trump's order. white house press secretary karoline leavitt took to x the clear up any confusion. this is not a rescission of the federal funding freeze, it is simply a rescission of the omb memo. the president's executive orders on federal funding remain in full force and effect and will be rigorously implemented, end quote. the white house believes rescinding the memo should effectively end the court case and allow the government to focus on controlling federal spending. now, listen to what president trump had to say about his first week in office. roll it. >> the american people ghei us a clear mandate -- gave us a clear mandate to save our country, and we won all a seven swing states by large margins. in our first week in office, we set records taking over 350 executive actions. that's not been done before. and if it has reportedly been the single most effective opening week of any presidency
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in history, and we want to keep it that way. we want to keep it going. [applause] stuart: he seems to have momentum. guy benson joins me now. guy, the president has issued dozens of executive orders, 350 executive actions, as he calls it. multiple members of his cabinet have been confirmed, and he just signed the laken riley act. how do you read it? >> i think that's right. i mean, he was promising to do a lot of these things. nothing should come as a giant shock or surprise. but there's a shock and a awe sort of mentality around this. i think especially among the opposition where it's just been coming every single day if from every angle which suggests, this is something you and i talked about during the transition, stu. this was a team that was licking its chops to -- chops to get going and preparing for that moment from well before the election. this was a president if now and the team around him that wanted to lower the boom early on and
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start checking off a bunch of the boxes when it comes to promises that they have made to the american people. that is what they have done so far. and i think based on at least initial polling, a honeymoon that donald trump never enjoyed in 2017. he had it during the transition, and the numbers i'm seeing now suggest that honeymoon is ongoing. stuart: yep, i can see that. house republicans just wrapped up their conference in florida. they hold a very similar majority. trump faces a test here. the advance his agenda, he now needs a unified republican party in the house. host got to keep his tax cut -- he's got to keep his tax cut alive. do you think he can rein in the freedom caucus? >> look, i think that every house republican has a strong incentive to deliver on one or two very big things for their constituents and also to deliver for the president because with, for the most part, they've linked arms on a couple big questions like the tax cuts,
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like immigration enforcement, for example. so we've talked about this also, are they going to have the votes in both chambers. these are very similar majorities, to get this done. if they are unified, if they stick together they can do it mathematically. easier said than done, sometimes herding cats. but i think the stakes are too high for the country, and they would surely sink separately if they don't stick together at least on unifying questions within the party. stuart: and i think they know it. got it. guy benson, thanks for being with us. important day, and we appreciate you being here. thank you, sir. check futures, a mixed picture on the stock market this morning. dow's off 60, 70 points, but the nasdaq rallying nicely, up 120. adam johnson with me this morning. >> yes, sir. stuart: let's go through these big tech reports. because they're very important. microsoft, they are still spending really big on a.i. >> yeah. and as you can see, the stock's down about 5% this morning. the reason is that the cloud are
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division only grew 31%. that. [laughter] isn't that amazing, it only grew 31%, you know? the typical wall street earning game. wall street wanted to see growth of 35, and 3 is -- 31 is lower, that's absurd. i own it, i'm very happy with it. they need to spend a lot of money, and they are a leader in so many ways from cloud the a.i. stuart: now, meta, they don't have a cloud problem. they're spending big on a.i., and that stock is up 2.5%. >> yeah. new all-time highs. i own this one too. i think you have to own names like microsoft and meta. i call them core ingenuity, core american ingenuity which is, of course, part of my american ingenuity prospective and and fund. what's exciting about meta is it's the only place where 2.5 billion people come together every day, right? from facebook to instagram and whatsapp now, which they own, has become a b to c, business to customer platform. it juiced to just be -- used to
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be people talking to one another, now it's a messaging platform for businesses to reach consumers. lauren: using a.i. to reach them. one billion people is the goal this year. of. >> that's right. exactly. stuart: stunning numbers. next one, adam, commerce secretary, listen to what he said about a tariffs during his confirmation hearings. roll that. >> can you commit to the american people that prices will no not go up? >> i can commit that the economy of the united states of america will be much, much better. in particular -- particular price products may go up, but all of them? this is not inflationary. the two top countries with tariffs, india and china, who have the most tariffs and no inflation. it is just a nonsense -- stuart: in your opinion, will tariffs raise prices? >> yes. [laughter] by definition they raise prices. he, mr. lutnick, does make an interesting point that those two countries, india and china, don't have high inflation. but it's not about a status quo,
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it's about change. change happens at the margin. so if you don't have tariffs and you introduce that tariffs, that's change at the margin sw. that raises prices by definition. if you've always had tariffs, it's just status quo and markets adjust. so intuitively, it would the seem to me if you slap tariffs on imports, by definition you're raising the price of those imports unless the companies eat the cost of those tariffs in which case that hits their earnings. stuart: and we don't know -- >> we don't know. stuart: we don't know how big the tariffs will be -- >> correct. stuart: when they're imposed. >> that's right. we don't know exactly the size, and we don't know what the split will be between companies raising prices and companies eating part of that tariff. stuart: got it. stay with me for the hour, news. hamas has released three more israeli hostages. the incoming byrd to the israel, mike huckabee, will tell us more about that. president trump announced his new plan on where we should
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hold criminal illegal migrants that we can't yet send back. >> we have 30,000 beds in guantanamo. to detain the worst criminal illegal aliens. it's a tough place to get out of. [laughter] stuart: yeah, it is. 9 is guantanamo bay the solution? congressman corpsly mills takes that on. -- cory mills takes that on. he's next. ♪ ♪ advil liqui-gels are faster and stronger than tylenol rapid release gels. ♪ also from advil, advil targeted relief, the only topical with 4 powerful pain fighting ingredients that start working on contact and lasts up to 8 hours.
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joining us. what do you have, trey? >> reporter: yeah, hey, stuart, good morning. today three israeli hostages and five thai nationals were released from hamas if captivity. you can see in this video here in northern gaza hamas putting on another display of propaganda as they paraded one of the five female soldiers who was taken from the base across a stage where the red cross had to sign a document x ten she was ushered into a waiting reek and then transferred to idf forces on the gaza border. this was a very dangerous situation because it was a chaotic scene with thousands of palestinians in the area. we saw similar scenes in southern gaza later in the morning with two that were released by hamas and islamic jihad over to the red cross, but it was a very chaotic scene unfolding live as israelis were on the edge of their seats worried that something could go
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wrong as a part of this exchange because the crowds were just so huge x there were so many people at these locations. now, we do understand according to the israeli military all three of the hostages have been reunited with their family members along the gaza border. just recently we got some images of that soldier reuniting with her fellow soldiers at a hospital in central israel. but given the chaotic scenes earlier today, israeli prime minister benjamin netanyahu threatened to delay the release of palestinian prisoners who are being exchanged for these hostages until he could get a clear message from mediators in qatar that this wouldn't happen in the future. we do expect another hostage release on saturday morning. stuart? stuart: trey yingst, thank you so much. now listen to newly-minted defense secretary pete hegseth on his effort to eliminate dei from the military. watch this. >> dod will be color blind and merit-based. color blind as it has been and merit-based as it should be. as you know better than anybody,
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dei sends the opposite signals. it's picking winners and losers, pitting people against each other based on their color, their background or their gender. the defense department is in the business of fighting and winning wars, the highest of to possible stakes. we want the best people regardless of backgrounds competing for those positions, ready to fight, accountable to their senior leaders. dei does not do that. not only does it not do it, it undermines it. stuart: cory mills joins us now. you've introduced a bill to introduce dei programs throughout the federal government. why whoo a is it so important to do this? >> just as our secretary of defense, pete hegseth, talked about, dei does the exact opposite of what the democrats had tried to tell us it would do. it doesn't bring cohesiveness, unity, it doesn't bring inclusiveness. it divides and weakens us. we can see that in the numbers alone, varney.
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dod has seen a record deficit in its recruitment of 42,000 plus armed forces troops. that included with the 8600 unconstitutionally purged for their, basically ignoring of their religious rain medical exemptions for the vaccine has put us at a massive deficit. what we need is cohesiveness. when i served in the united states military, when pete served, it was about coming together as one. we didn't care what your race, color, gender or ethnicity or where you'd come from. what we cared about is are you ready to get in the fight, are you ready to win, and are you ready to protect american citizens. that's why it's so important to have a merit-based system. we want the best, the brightest and most innovative, not the one who just shows the most diversity. stuart: got it. congressman, president trump signed ab ab executive order to build a migrant detention facility in guantanamo bay. watch this. >> we have 30,000 beds in guantanamo to detain the worst criminal illegal aliens
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threatening the american people. some of them are so bad, we don't even trust the countries to hold them because we don't want them coming back, so we're going to send them out the guantanamo. this will double our capacity immediately, right? and that's a tough place to get out of. stuart: congressman, is this where we put criminal migrants who cannot be returned to their country of origin? sort of a holding camp, so to speak? >> well, i mean, if you think about it, the united states alone, we have supermax prisons for even americans who have created some of the most heinous of criminality. so it's not actually a bad idea. i think this is actually a very smart idea. not only does it not put them on american soil, but it frees up beds for others and also gives us a chance to continue the adjudication process where president trump, who had record justice at our borders, are continuing to process while we continue to deport. i think it's a good utilization of guantanamo bay, and i look
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guard to tom homan, secretary noem and keeping people safe so we don't have things like the laken riley act that needs to be signed and fentanyl crossing our border on a daily basis. stuart: can you see the point where a country refuses to take back the my grants who came the america? is so we send them to quit mow, and then that other -- gitmo, and then that other country sends a plane to cuba to pick them up and take them away? can you see that happening? the. >> well, i can. i think we've seen already where colombia, for example, who was trying to refuse flights made a really quick change and shift in their opinions. not only now they sending their own planes ors but they're trying to assist us in every way. colombia tried to call our bluff. the president stood strong, and hay changed their mind. it should be the exact same thing where we utilize guantanamo as a lily pad where they can come get them there.
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i think it's a great play, it anden continues the promises kept, promises made type of scenario. that's exactly what president trump's been about in his first term and that's what he'll be about in the term. stuart: congressman, appreciate it, sir. thank you. florida congresswoman anna paulina luna has introdudessed a bill the add president trump to mount rushmore. do you think this is going to get through? lauren lauren it is considered a long shot. if approved by congress, the interior department that would eventually be doug burgum would be in charge of carving trump's face, there you go, into the south dakota landmark alongside george washington, thomas jefferson, theodore roosevelt and abraham lincoln. congresswoman luna says the monument is a timeless symbol of our nation's freedom and strength and deserves to reflect trump's towering legacy. stuart: i happen to see a lot of smiles -- lauren: i was keeping a straight
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face. >> i mean, i love it, it's totally absurd and should never happen x. that's coming from a guy who has voted for trump every time he's run for office. stuart: got it. let's move on, shall we? check those futures, please. i'm looking at the nasdaq, it's now up just about 100 points and the dow's down about 100 points. the opening bell's next. ♪ it just takes some time, little girl ♪ ♪
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stuart: check futures, please, especially the nasdaq. it's up about 100 points. minor loss for the dow industrials. d.r. barton with us today. all right, d.r. are, you brought a couple of stock picks that you like, bearing in mind the rebound from deepseek. let's start with amazon. what's so good about it? >> yeah. i look at amazon, stuart, and i see the rebound that we talked about last august coming to play, and it's really come up $90 per share since we talked about it back then. it also has a lot of upside, more coming, i believe, because it's one of those great balance stocks. we got 180 billion plus in
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revenue per quarter added on to their aws business. i think it's the balance that i like, not putting all my eggs in the a.i. basket, but putting a lot of hem in there. stuart: $23w-7 a share now -- 237, i think that's pretty chose to a high, isn't it? you tell me where where it's going. >> yeah, it really is near an all-time high, made an all-time high in the last day intraday. i see it going another 10% in the for the half of this year, stuart. stuart: okay. you also like target. what's to good about it at $140 a share? >> yeah. this is a roadway -- rebound story really. target got slammed on their last earnings report. they missed some big numbers, but digital sales have rebounded, up 10.8% year-over-year. and they're also doing some good things with some exclusives that i think's going to bring floor traffic in.
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finishing ao -- f.a.o. schwartz and some others have made exclusive deals with target. i think they are one of those sleeper retailers. retail numbers really good this the morning in the inflation numbers, and i think we're going to see a lot more of that going forward before it gets more bumpy in the retail sales space. stuart: i'm a bit worried with about microsoft, it's down 5 premarket. i think the peel if feel -- feeling is that they're spending big on a.i., but maybe they don't have the pend -- spend big. it's got me worried. d.r., we'll talk to you again soon. we're waiting for them to press that button on the nasdaq, and we'll get this market rolling. we're expecting the dow to be down a little at the opening bell, but a pretty solid performance from the nasdaq once we get going. here we go. three seconds, press the button, and we're off, we're running. it's thursday morning, january the 30th. ten days into the -- what's the word?
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flood the zone presidency. >> that's your quote. i love it. stuart: cow's up 20 points in the early going -- 20 dow. s&p 500 opening on the upside morning, a gain of about one-third of 1%, 21 points higher. the nasdaq composite on the upside to the tune of about a quarter percent, 55 points. that's the nasdaq. have a hook at big tech. it's all over place. meta is up solid, 3%. alphabet up $ 4, that's 2%. amazon's down and microsoft is down, coming off 6%, $5 the lower on moth. concern -- $25 lower on microsoft. start with tesla. taylor, take me through it. the stock is up $21 is. >> this is the interesting at a 5%, even though automotive revenue dropped 8%. they missed on the top and the bottom line, but here's what the bulls really like. they know that the average selling cost of these vehicles are coming down.
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they reiterated the next generation vehicle platform which, yeah, brings costs down, and they reiterated that cyber cab production and release in 2026. and, again, all of the bulls out there really think that a.i. for this company is like this trillion the dollar opportunity. stuart: got it. and the stock is up, what, 5 today. solid gain. let's get back the microsoft. they're going to keep spending a ton of money on a.i., but they're now down 5.5%. what's the problem? >> yes. this is sort of the other flipside of a.i., right? where cloud growth was a little disappointing, that high-margin business for the company. i think one portfolio manager said what sentiment is on the street right now where when it comes the a.i., it's okay if you're still 3-5 years out, but we want to start to see monetization. when is the all of the capital investment really starting to pay off? that portfolio manager said we're not seeing it yet. that's some to the concern. stuart: oh, dear. down $23 on my pet stock --
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>> buy it, buy it. stuart: you think so? >> absolutely. yeah. stuart: okay. let's move on. i'm glad you said that. have a look at meta. there's a solid gain for you. taylor? >> yeah. and, look, better earnings even as they are investing in a.i.. a few weeks ago they said instead of $40 billion in cap-x, we're going to jump up to $65 billion to make sure we stay ahead of the a.i. race. i don't know if you believe him or not, maybe zuckerberg has had a come to jesus moment, but did you hear how he opened up that conference call in we finally have a u.s. administration that loves business, doesn't demonize us, really his that american technology can win -- thinks that american technology can win, they're defending our interests here and abroad, really excited for the next year. [laughter] all of a sudden he's pro-trump, but i guess regardless of whether he's genuine or not, you like to to hear that from a founder. stuart well, he's certainly done a 180 -- >> particularly rich coming from him, yeah. stuart: is meta giving broadcom
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a boost? broadcom is up nicely this morning. >> yeah. meta's can cfo saying they're using a lot more of broadcom's chips. stuart: tell me this, is ibm -- i think the of them as old tech. >> i know. stuart: is that an a.i. play? >> yes. stuart: the stock is up 9%. >> old is new again, stu. you've got to get onboard with that. jumped better than expected top can and bottom line, and they're saying that the software did a lot better, up 10% even though hardware is still a struggle for them. software is up to almost $8 billion, and today said a.i. in particular, they're booking $5 billion as people are coming to them, particularly that red hat program that they have. stuart: now, here's the one that i'm really are interested in because i own a thin sliver of blackstone. an earnings report this morning which i thought was really, really solid, but the stock's down $1.38. >> less than 1%, so don't take
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it too hard, study. deal making is gaining momentum. finally, the capital marks open again. assets under management meting a record $1.13 trillion. i think you can still be in the company. stuart: thanks. caterpillar also out today, and the stock is down 4%. >> yeah. sales are weakening in north america. they're talking a lot about high costs still from interest costs, high inflation costs. some contractors are in a wait and see mode depending on what a trump's plan is for spending, how does that trickle through. so just a little bit of a wait and hold here. stuart: northrop grumman, it's up a fraction. >> yep. so or forecasting higher top end and bottom line. higher sales, of course, this year. i think what's interesting, defense systems sales were up 5. but as we have heard, space systems is down about 13%, so you're getting good defense but a laggard in space. stuart: ups announced today too,
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and the stock is down. bigtime down. >> yes. okay. so a little -- we have inference. so so we know that the biggest customer is amazon. they're not exactly saying amazon, but everyone who's smart can figure out that the biggest customer they are talking about is amazon. they have said that they are cutting deliveries from that in half. now, revenue from amazon for ups was about 12%. but they said if they didn't cut those deliveries from amazon in half, it would have cut into their margins. amazon, as you know, has also been making inroads trying to deliver their own packages. a lot of analysts think this was a headwind that that finally came to surface for ups. stuart: late this afternoon we've got apple, the big one, reporting. tell us what are we looking for? >> in the last week, stu, you've had jeffreys and oppenheimer all downgrade the stock. they're talking about weak iphone sales, competition in china. is a.i. really enough to make you upgrade to another $1,000
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phone? that's the backdrop theading into this. a lot of downgrades. look for $124 billion in revenue, eps of 235. iphone revenue, the number the look for is $71 billion. stuart: last one, whirlpool. why are they down 15? >> you know, the ceo and the cfo are saying that the housing mark if's showing no signs of a turn-around. really the time that that you upgrade a dishwasher or a washer and dryer is when you move or do a big renovation. they're saying the housing market is -- stuart: it's dead flat. >> -- is dead, and so it's impacting business. stuart: down 15%. taylor, thanks very much, indeed. a adam, you brought us some stock picks, and you've gone back to something you liked before, celestica. >> this is a wonderful company. got clobbered on monday in that china deepseek announcement, down 25% on monday. i bought some. it's back up. it's till not to where it was, so if you didn't get in on the
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runup, here's your chance even up 11, 12% this morning. this is a company that assembles a.i. platforms. so they buy chips from nvidia, they buy chips from marvell, they bring them together in big aa rays, load the software, all of a sudden you're in business with a.i. it's an amount a i. platform builder, i love it. stuart: another one you've recommended before, sofi. they're up today. >> yeah, they are. they're still off their all-time high. we talked about this stock, stuart, a year ago at a 5. we talked about it at 8, at 10, got as high as 18, it's pulled back. here's your chains. this is the first ever company that was built from the ground up to be an on line-only bank -- online-only bank. it has extremely high credit quality customers. the ceo is now the ninth largest shareholder, and anytimest the down, he buys more. s it is just one to own. i think it's going into the 30s. i think it's going to double from here. stuart: i like a bank with
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branches -- [laughter] >> yeah. not the kids today. stuart: that's right. thank you, adam. >> you bet. stuart: president trump giving an ultimatum to federal workers. watch. >> as a federal employees, they must meet a high standard. if they don't agree by february 6th to show up back to work in their office, they will be terminated. stuart: there you go. get back to the office or hit the road. we'll ask economist e.j. e.j. antoni what he makes of that. he's next. ♪ hit the road, jack, and don't you come back no more, no more, no more, no more. ♪ hit the road, jack, and don't you come back no more ♪ if
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>> our administration has moved aggressively to secure our borders more by hiring a record number of new border guards, by deporting twice as many criminal aliens as ever before. it is wrong and ultimately self-defeating for a nation of immigrants to permit the kind of abuse of our immigration laws -- >> tell people to come out of the shadows. if they've committed a crime, deport them. no questions asked. >> we're also a nation of laws. undocumented workers broke our immigration laws, and i believe that they must be held accountable, especially those who may be dangerous. >> senator biden, yes or no, would you allow cities to ignore federal law? >> no. >> we need to have tougher employer if sanctions, and we need to try to incentivize mexico to do more. [laughter] stuart: wow. the wonders of videotape. that sounds quite lot like trump's current stance on immigration, doesn't it? times have changed. next, fed chair powell has also commented on trump's immigration overhaul. he says with more people leaving the country, the unemployment if
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rate could stabilize. now, previously he'd suggested the influx of illegals was causing the rate to rise. economist empty j. antony's with me this morning. -- e.j. an knownny. what do you think will be the impact of maas depor payings on this country? >> the answerer, it is a tremendous met if positive for america and for the american people. and the reason i can say that so confidently is when i look at the analyses done surrounding this question which show that there's somehow going to be a huge negative impact, you can tell those analyses are deeply flawed. they make ridiculous assumptions like almost all of the people who koma here -- come here illegally are working and are adding to gdp and they're not using any kind of social services or me kind of american infrastructure. things like they don't have their kids in school, or they're not using public transportation or the public roadways, they're not using emergency rooms at
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hospitals but, in fact, they are using all to ofs -- of those things. illegal immigration poses all kinds of tremendous costs on the economy. and that's so -- to say nothing about all of the crime being committed. look at all of the people that are being deported today by i.c.e. under the trump administration, these hardened criminals who have caused tremendous damage both physically, emotionally as well as economically to the country. we're getting all of those folks out, we're removing these costs to the economy and at the same time, we're removing people who, frankly, aren't very productive and aren't adding that much to g, the p. stuart: president trump gave an ultimatum to federal workers yesterday. watch this. >> as federal employees, they must meet a high standard. they're representing our government, they're representing our country. if they don't agree by february 6th show up back to work in their office, they will be terminated, and we will, therefore, be down scaling our government which is something that the last enpresidents have
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tried -- ten presidents have tried very hard to do but failed. most of the people we're talking about have not been going the their federal offices in many, many years from even before covid. but they have, nevertheless, been paid. stuart: the president is describing the buyout plan. resign before february the 6th, and we'll give you a lot of money, and you can just go and search for your own job later. we'll downsize the federal work force. honestly, e.j., i think it's brilliant. how about you? >> stuart, brilliant is exactly the right word. you're spot on again here. look, we're talking about a work force that has some of the worst productivity numbers across our national economy. and you do, in fact, have a lot of these folks who not only have they not reported to work, but, frankly, they haven't done any work while they've been at home, and that's become a huge, huge problem. it is exploding the federal pay roll, it is the imposing tremendous costs upon taxpayers. we need to get those payrolls
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down, we need the lean out government so that we can allow the private sector to grow. and, cook -- look, the other thing here at the end of the day, there's been so much abuse where you have workers that don't even live anywhere near d.c. anymore except they still claim that they do. and one of the reasons why that's such an abuse is the fact that you do have jobs where what you get paid is in part conditional on where you live. in other words, the highester cost of live -- higher cost of living associated with the d.c. area provides a higher income, except they don't live near d.c. anymore. it's absolute abuse. stuart: got it. e.j. an toneny, see you again soon. new york stock exchange, what does doge think about the buyout, lauren? lauren: they're encouraging workers to take it, posting this: you can take the vacation you always wanted or just watch movies and chill while receiving your full government pay and benefits. so workers who do accept this buyout by next thursday receive full pay for eight months, they
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do not have to to work, and that that post attempted to clear up confusion about a what the deal would mean in practice. so a dream trip or netflix binging are fine options. stuart: they are, indeed. [laughter] >> it really moves you, doesn't it, stuart? stuart: yes, it does. adam -- [laughter] do you think the buyouts are the best way to reduce the federal work force? >> i don't know if they're the best way, but i certainly like them. and i'll tell you why, because you're taking someone who would otherwise be resistant, i want to keep my job, i don't want to be fired, and you're turning that a person into a believer. oh, i took the buyout, and it's wonderful. all of a sudden i got eight months of salary, and i still get my health care benefits. you know what? i've always wanted to do, and, y and dis, now that person can do it. you're changing the a narrative. lauren: and the culture. stuart: we're less than two weeks into trump's presidency, and he's already flooding the zone with rapid-fire policy
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news. trump 47 has not lost momentum. that's my take, top of the hour. officials say that 28 bodies have been recovered from the potomac river so far following last night's arab. it's -- air crash. the latest if from washington, d.c. next. only the servicenow platform puts ai agents to work across your company. they deal with the small stuff that bogs you down. agents like secret agents? you know... i once played a secret agent. - oh... - oh i miss that one. i heard you were great. i was great. before the spotlight— we struggled to keep the lights on. i saw more for myself. and sofi gives members the financial tools to see more for themselves. join the official bank of the nba. sofi. get your money right. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate
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stuart: now, let's get back to the collision between an american airlines flight and an army black hawk helicopter. edward lawrence joining us at a reagan national airport. no survivors, edward? >> reporter: yeah, and that's what we understand. there was hope that this plane was not far off the ground. the helicopter was not far, about 400 feet, but it appears there are no survivors related to this. so far officially they've found 28 people, bodies from the passenger plane, 1 from the military helicopter. in all, there were 64 people onboard that american eagle flight coming into reagan national airport. there were 3 people that were on the military helicopter coming in here. now, the american aeroairlines flight was on final approach landing south -- from the south
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of the airport. the collision happened over the potomac if river in fairly hallow water. crews working overnight dealt with icy conditions, some chunks. newly sworn-in transportation egg ebb tear sean duffy would not get into what kind of communication happened, but said the military helicopter pilot knew there was a plane on approach. >> the helicopter in the tower and the airline in the tower, but i will say this, there was, there was communication. of it was -- i would say standard communication. so there wasn't a breakdown, if that's your question, in communication between the military helicopter expect american airlines flight of there was communication between the aircraft and the tower. >> reporter: was the plane aware there was a helicopter in the air? >> the -- i would say the helicopter was aware that there was a plane in the area a. >> reporter: and, again, this
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debris field has now spread out with the current of the potomac if river, it looks like it's going to be about 6 miles. debris was found down at the wilson bridge, you see where reagan airport is and the river there. stu, back to you, but this is just a terrible scene for folks who are, again, families having to deal with this tragedy. stuart: yes, indeed, edward. by the way, president trump will be speaking about this crash a little later today. just ahead here, kevin o'leary on the effectiveness of the trump administration's first week in office. border guy art del cueto on holding criminal illegal migrants at began guantanamo bay. kansas senator roger marshall reacts to the crash in d.c. the passengers were mostly from the senator's home state. and former education secretary,. elizabeth: city devos, on taking cell phones out of the classroom -- betsy devos. the 10:00 hour is next. ♪
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