guy. maria: john. >> progress at lowering core inflation has a stalled. the annual rate of core inflation was 2.7% when the fed first cut rates, now it's up to 2.8%. that's not a good sign. maria: so progress has a stalled, you think? >> yes. maria: cheryl. >> i really enjoyed the interview with mike boyd, and i think he is an incredible, strong voice. we should listen the him about what needs to happen with regard to reform at the faa. those families need answers, maria. maria: well, the families need answers and america needs answers to understand why we have allowed no innovation and stalled, you know, centers. and, you know, computers at the faa. thanks, everybody. joe borelli, john lonski, cheryl a casone. "varney & company" picks it up. stu, take it away. stuart: good morning, everyone. late developments in the reagan national disaster. the associated press suggests

the control tower was understaffed at the time of the accident. one criminaller doing the job of two -- controller. separately, president trump wants to investigate whether the transportation department's diversity policy was a factor. two black boxes from the airliner have been recovered. they're now in a government lab to find out exactly what happened. more on this coming up for you. to the markets. we've got to stop with -- start with apple after its earnings report thursday afternoon. iphone sales in china down, profits overall up to a record high. it's the most widely-held stock, investors looking at a solid gain today, 3.8% premarket. all right, that is helping the overall a market. the dow's looking for a gain of over 100 points. nasdaq doing particularly well, another gain of 150 points right there. bitcoin holding well above $100,000, 104,6, to be precise. interest rates moving up following the latest inflation

and spending report. the 10-year is now above 4.5%. look at the 2-year, now we're looking at 4.21%. that yield is up again this morning. look at this. a new record for gold, well above $2,800 an ounce. 2849, to be precise. politics, 25% tariffs set to hit mexico and if canada do tomorrow, february the 1st, but the president says oil from if canada may not be on the list of tariff targets. secretary of state rubio heads to panama if tomorrow. this is america's new proactive foreign policy. rubio will tell panama and central america that a if they enhance america's interests on migration and the canal and reject china's influence, they'll be prosperous. and this too, president trump meets with nvidia in the white house today, the ceo of nvidia to the white house today. on the show, california farmers are beginning to get more water. they like president trump. maybe they'll have a political

realignment in the formerly golden state. january 31st, it's friday, 20 the 25. "varney & company" is about to begin. ♪ stuart: all right. friday morning, let's get started with that d.c. mid-air collision. grady trimble is at reagan national airport for us. was that control tower understaffed, grady? >> reporter: stu, a preliminary faa report reportedly says that staffing was not normal at the time of the crash. that one air traffic control canner was communicating with both planes and helicopters when normally that's done by two separate people. that, of course, is one with of the many things that the ntsb is looking into as part of its investigation. overnight the agency recovered two parts from the american plane that will be critical to

their investigation, the flight data recorder9 and the cockpit voice recorder. they will use that the sort of piece together a timeline of the moments leading up to that mid-air collision. transportation secretary sean duffy met with some of the families lost loved ones in the crash. the victims include u.s. and russian-born figure skaters including school-age kids, a canadian with flight attendant, a 28-year-old co-pilot from atlanta and pipe fitter s' union members from maryland. ntsb member todd inman tells me he met with families yesterday as well and plans to do so again today. >> right now they're still arriving, and they're still shellshocked. it's understandable. we have a duty to try to provide as much information to them as long as they need it. right now, of course, their biggest concern is their family members and the identification of those bodies. the medical examiner from d.c. was there the last night with us. >> reporter: stuart, we still

done know why that american flight which was seconds from landing and the black hawk helicopter performing routine training were flying at the same altitude. secretary duffy says both aircraft were on standard flight paths, but there are reports this morning that perhaps the helicopter was flying too high. that is something that president trump reiterated with a post on truth social today, certainly something9 that the ntsb is looking into because there's a 200-foot flight cap for helicopters, military helicopters flying along the potomac, something they need to look into as part of this investigation, stu. stuart: grady, thanks very much, indeed. ben domenech joins me. why was there a staffing shortage in the control tower? second, trump says diversity policy was maybe a factor in the accident. what do you make of that? let's start with the control tower. why was it understaffed? enter sure. well, or stuart, as you know,

many years ago ago, several years ago when we had the covid-19 pandemic going on, we saw enormous if layoffs from the airline industry. those included not just pilots who got, obviously, the most attention, and staff, but air traffic controllers as well. you saw layoffs that hit virtually every aspect. and then when it came time the ramp back up again, they simply have not been able to keep up with the demand. many thought that we would have a reset, essentially, as a nation where fewer people were flying, but we've been dealing with backlogs really in terms of hiring in all of these different areas, not just pilot shortages, but shortages in this area as well. it's an omnipresent if problem. and p of course, when it comes to the dei initiatives that the president is talking about, i think you can lay some of in this on that door given that there are have been legal complaints and others from people going through the traffic control system that that was being emphasized too much in the hiring process and leading people to, frankly, turn away or go elsewhere because they

doesn't believe that they would be able to advance because of those initiatives. those are all a things that should be with looked at. i think we need a holistic approach, not just assume this is something that can be assigned merely to pilot error or, again, the idea that this was a slightly undersaw staffed moment for that -- understaffed moment for that air a traffic control tower. stuart: listen to what james carville thinks about a democrats working with trump. roll it. >> i think the history from the election day through today, the people that are really going to look bad are the people that say, well, look, this is not the end of of the world, let's try to work with the guy -- >> yep. >> or, you know, you're overreacting to it. it's trump derangement syndrome. oh, god almighty. i mean, we've just got to keep writing the names down. the "wall street journal" editorial page -- stuart: sorry about the framing

there. that was from his podcast. didn't see his face properly -- >> i was just who going to say, is he trying to do us a favor not showing us his full face? [laughter] stuart: careful, careful. the democrats don't have a leader who will stand up to trump. that's' their progress, isn't it? >> it's not just that, i think they don't the know how to pond to trump, stuart. i think they don't know how to navigate this moment. there's been some steps taken to say, hey, we need to focus on trying to win back some of these working class voters, catholic voters who we with lost over the past cycle. but there are also next, from the -- rejections from the left that a want that a same new coalition that was envisioned under barack obama. it's not that they don't have the person, i don't think they have the idea in place yet. and, frankly, they need to be look to a new generation of leaders from outside of washington, not locked into the day-to-day social media appeals of people like ark work to c or jasmine correct or the the like,

but instead -- jasmine crockett but focus on how to win in key swing states like a pennsylvania and elsewhere. i think they should rook to the -- can look to the actions of someone like john fetterman as opposed to standing up into this ridiculous resistance posture. stuart: yeah, get out of the bubble. of ben, thanks for joining us. see you next week. i want to get that late reed on inflation -- read on inflation, the pce report. i believe that's the fed's preferred inflation indicator. lauren: correct. stuart: what does it tell us? lauren lauren inflation is still a problem. rose .3% month over month, hotter than the previous month. year-over-year it's up 2.if 6% marking three straight months of no progress on inflation. let's take out food and energy, core prices up 2.8% annually as expected but, again, no improvement from the prior month. a little reaction on the market a if because i think investors

have realized that that last mile, getting down to that a 2% target, is tough. stuart: look at futures now, you can see there's no impact really. the dow up about 90 points, gain for the nasdaq, up 147. notwithstanding the inflation report. mike lee coming in for a as this morning. i want to -- in for us. iphone sales in china down, profits up to the record high. investors like it. do you? >> yes, stuart. and you hit the nail on the head, it was this china number in the guidance going forward that really turned the stock around after the market closed during the earnings call because apple themselves expected china sales to be down much more than they were. they were down about 6. but because they cut the supply chain and cut inventory refills into china, it ended up down 12%. so going forward, so when you add that number back, iphone sales year-over-year were flat

versus down slightly. and tim cook's on the call saying upgrade cycle for 16 was better than it is for 15. as a.i. gets incorporated into apple, the stock is -- they believe the upgrade cycle, we're going to enter an upgrade supercycle. there's 2.35 billion active apple devices agross the world. company is a behemoth. the not going anywhere. there's a billion subscriptions to the apple, large gross margins ever. so, look, in this company's not going anywhere. it's a behemoth. i think the best days are -- dan ives just out with a -- price target, let's go, baby. stuart: last one. do you think big tech the overall has lost momentum? if i know they're all up this morning, but recently they seem to have run out of steam. especially microsoft. you've got 30 seconds. >> yeah. the market's completely wrong. if anything, the verification of

this a.i. boom that's in front of us has been verified through meta, through microsoft's earnings. i think this deepseek is a lot of news about a almost nothing other than national security concerns. but we are off to the races, and the street just simply doesn't understand a.i. so take advantage of this weakness. stuart: off to the races, he's still a super bull. mike lee, have a great weekend. see you next week. coming up, many of president trump's nominees have had contentious confirmation hearings including kash patel. watch. >> i was on the ground in service to this nation. and any accusations leveled against me that i would somehow put political bias before the constitution or grotesquely -- are grotesquely unfair. stuart: senator eric. >> mitt was in that hearing, i'm going to ask him if he thinks patel will be confirmed. secretary rubio is going to panama as president trump calls for the u.s. to take back control of the canal. the full story on that next.

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stuart: futures this friday morning in the green. dow up of 60, nasdaq up 131 points. big tech's doing well today. secretary of state marco rubio preparing for his visit to panama. president trump still wants to regain control of the canal. what's the president of panama saying about this? lauren: he will not negotiate, and the canal belongs to panama. president trump and secretary rubio want to reassert american influence there for national

security reasons. they think china has taken too much control not only with the panama canal, but also with greenland in the arctic. this is rubio's first international trip as secretary of state. he will also a visit other central american nations. they'll talk immigration, yes, but rubio says the canal takes priority. is there a deal to be had? [laughter] stuart: you're not supposed to say but only time will tell, we all know that. thanks, lauren. missouri senator eric scmitt joins me now. how should america regain control of the panama caal in -- canal? how should we do it? >> the first thing to keep in mind is how this all happened. back in the late '70s when we gave the canal away for free, which was a huge mistake, the only condition, the only thing we got out of it was that that it would repain neutral. the fact of the matter is, stuart, it's not neutral now. china controls both ends of the canal. they have surveillance equipment, they have effectively operational control. and if you think about it that for just a minute, we have to

get military aid and ships from here there through the canal. about 54% of our commerce flows through that canal. china, quite simply, can't have that level of control over the canal. we didn't give it to them, we gave it to panama. i think the senate should speak on this just as the president has spoken on this. you need to expel all the i chinese influence. we'll work with you, we'll be your partner, but we can't simply allow communist china to control that canal. stuart: do you think -- that is playing hardball. that's telling a foreign government, hey, you get rid of the chinese if influence. you're playing hardball here. >> well, we are, but we have a deal, right? it's not like we're just making up this. we signed a treaty. they've got a multitrillion dollar asset that they've been making a ton of money on for decades. the only thing we got out of it was that it wouldn't end up in the hands of our chief adversary, china. so they need to make good on their end of the bargain as a well. stuart: trump's tariffs on

canada are set to take effect tomorrow. the tariffs may not include oil. we're not sure at this point. they might be excluded. however, is if there is a tariff on canadian oil, gasbuddy on this program said that gas prices are go -- will go up in the midwest. could you live with that this, gas prices up in pars of america because of the tariffs the -- parts of america? >> i don't think that's going the happen because you've got to remember the content text in which this is happening. president trump is committed and executing an agenda to unleash american energy. the last four years there was a war declared on energy production in the name of climate alarmism. that's going to change. we need to be more energy dominant. we shouldn't be as reliant on other countries for our oil including from if canada. we have a multidecade trade deficit now, multi-decade high trade deficit with canada. and my guess is, you know, the usmca is up for review next year. maybe some of those provisions

are now going to be on the negotiating table. and also remember, we have an open southern border, but there are also fentanyl and dangerous folks coming across our northern border as well. it's time for canada, i think, to step up and help secure the border. stuart: senator, you were in kash patel's confirmation hearing. you asked about the politicization of the fbi. roll the tape, please. >> should the fbi get its back, get back to its core mission if get politics out of the fbi. >> there should be no politics in the fbi. and having been a victim of the weaponization of law enforcement against me, i know what that feels like. if i'm confirmed, i will make sure no american feels that slight of hand ever again. stuart: mr. senator, do you believe kash patel will be confirmed to lead the fbi. >> i do. he's gop got an incredible personal story. he's been a prosecutor, public defender, deputy dni, and i think he understands as in that testimony what it feels like to have the weaponization of the justice department and the fbi

turned on you. and this agency is? in desperate if need of reform. of it's gone after catholics, parents who showed up to school board meetings, it helped suppress the hunter biden laptop story, and i think pa a tell has votes. -- patel. stuart: do you think trump's going to get all of his nominees confirmed? it looks that a way at the moment. >> i think so. , and again, the election cycle was about republican-democrat, but it was also about disrupters versus the establishment. he's picked a team which are going to change the culture from the inside. congress has a role in oversight and legislation, but these executive branch agencies also can have reform on the inside, and i think he's picked a team who can go do that. stuart: a disrupting team as well. senator, thanks very much for joining us. always appreciate it. >> good to be with you. stuart: now, there are also a changes at the epa, environmental protection if agency. what changes? lauren: every member of two epa science panels have been

dismissed. they were independent experts on the clean air wells the science advisory boards. they give guidance to the epa and now administrator lee zeldin. it's somewhat routine for such a change when a new administration comes in. you reset priorities. some critics say the clean sweep will ease the role back -- rollback of environmental policy. stuart: i believe it will. check futures, please. plenty of green still on your screen, especially the nasdaq, up 134. the opening bell is next. ♪ run, baby, run. ♪ don't ever look back. ♪ you'll tear us apart if you give them the chance ♪ (auctioneer) let's start the bidding at 5 million dollars. thank you, sir. (man) these people of privilege... hoarding the financial advantages for far too long. (auctioneer) 7.5 at the back.

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stuart: three and a half minutes to the opening bell or, and we've got the dow up about 80, nasdaq up 140. mark mahaney joining us. you just raised your meta price target from 700 to 725. doesn't deepseek pose a challenge to meta? >> oh, that's the question of the week. i don't think so, but that certainly created a lot of controversy at the beginning of the week. actually, stu, of all the a large cap, you know, mega-cap tech stocks, the one that gained

the most market cap was meta. i think the realization was that meta isn't selling large language models, meta isn't selling tech infrastructure, chip infrastructure, a.i. infrastructure. meta's the ultimate app store, in a way, and so they're using -- if somebody can come up with a more, a better algorithm, a better large language modeling one that's cheaper, the company that buys that that and utilizes that like met meta is going to benefit more than others. i don't think deepseek is a negative event for a company like meta, and any iterations, improvements, cost efficiencies benefit the mold. stuart: sitting in my portion i look at big tech every single day and the price movements. it seems like recently big tech as a group has lost steam. am i accurate? if is that an accurate statement? >> i think there's certainly some truth to that. so it's, you know, you've got to go company by company on this. we've only add had two companies that i look at that have printed so far, both of whom have had

extremely strong results, netflix and meta. but, you know, deepseek raises questions for a name like nvidia. microsoft if has issues potentially, maybe a little bit of a slowdown in its cloud computing business, so the key question for amazon is, are they going to see that too or buck the microsoft if trend? that's the key question for amazon. but meta itself just seems to be hitting on all a cylinders. they're doing 20% plus revenue growth. there's nobody doing that. stuart: congratulations to you, mark. i believe you were dead right on amazon. it hit a couple of record highs recently, and i think you saw that coming. >> well,st the been one of our top picks -- it's been one of our top picks. all of these names going into this year, they've had phenomenal runs. yeah, you have more valuation risks. i'm not as aggressive on my of these names except for uber which is still dislocated. and i may be wrong, but i'm

sticking with my guns on that one. the other names, i think there's small upside to them. i'm happy about meta, but i've got a $725 price target, and the stock's rough wily at 700, that's not a lot of upside. i fully acknowledge that. i wouldn't be an aggressive buyer here. if there were a pullback, i would be. the strength of some of these assets is really coming through. i think a lot of that's captured in the stock. we can be patient investors from time to time. stuart: oh, really? [laughter] remind me of that, will you? mark mahaney, you have a great weekend, and we'll see you next weak. >> you too, stu. stuart: all right. they're going to ring that bell any moment now. that signals ten seconds to the start of trading. the backdrop today is inflation news. the pc everything, that is the fed's -- pce, that is the fed's preferred inflation indicator, deny show any improvement. inflation is not coming down, it's staying stablement i don't know how the market takes that, but with we have now opened the market, and we have got a solid

gain. the dow is up 150 points. there's more green than red amongst the dow 30. the s&p 500 also to the upside, i believe. yep, 29 points. that's almost a half percent higher. expect nasdaq composite -- and the nasdaq composite, up 155. let's have a look at all of the big tech stocks. i think they're almost all in the green. yes, they are. apple, amazon, meta, microsoft and alphabet, they're on that list, they're all on the upside, especially ap. google, all-time high, by the way. yep, there you go. earnings next week. the producers are putting this thing into my ear, very effectively. thank you very much. [laughter] now, i've got to look at nvidia. got news here. nvidia's ceo will be meeting with president trump at the white house today. that's a big deal. taylor, any idea what they're going to talk about the? >> huge deal. you know, we don't have firm confirmation, but i think we all know especially after the week that was, and mark mahaney just

talked about it, we know it's going to be a.i., chips and the energy to power a.i. i mean, look, again, there are reports that nvidia is looking to see if singapore was the one that maybe leaked some of those nvidia chips to china when it comes to deepseek, are we look at more export if controls around the nvidia chips the china? i think maybe everything is on the table. 100% we know it's chips, a.i. and the energy to power it. stuart: got it. a start-up backed by microsoft, backed by microsoft and nvidia, investing in a new jersey a.i. hub. [laughter] how about that? tell -- i believe it's called core weave? >>s. and they're looking at about $72 million right now. it's called the nj, new jersey, a.i. hub. today want to be the leading east coast center on payment right off of route 1. princeton university is giving them the space. they really just want to go a.i.

full steam ahead. and if when you have microsoft and nvidia backing it, you know you have some good money, some brain power. we'll have to see if it does anything to turn around, i don't know, the east coast. stuart: we'd better get to apple, because that's a solid gain at least in the very early going. you're up $7, 3.2%. i guess investors like what apple had to say on the call last night. >> yes. stuart: that's what did it, right? >> tim cook said, look, the iphone 16 cycle is outpacing the iphone 15 cycle. phones and regions who have access to apple intelligence outpacing regions that don't have apple intelligence. so, again, reit rating that a.i. and apple intelligence is working for the company. and let's be clear, maybe a little bit of a miss on china and iphone sales, but in three months this company has revenue of $124 billion. i'm not sure you can bet against that. stuart: they get something from just about everybody in america. rent here and there all over the place. >> exactly.

stuart: amazon, they say heir going to increase quite sharply their ad spending on p. what's the significance of that? if that's a reversal, isn't it? >> huge, big reversal from 2023, almost two yearsing a, when a lot of did advertisers, amazon included, pulled advertising from, and. elon musk was championing free speech. a lot of people said, no, no, that means you allow hate speech. they're coming around to the idea that the platform is safe where they can advertise. there was an alleged memo that went around from elon musk. he's denying it, but it said x is barely breaking even at this point. any new advertising dollars would be welcome9ed to the platform. stuart: and bezos is good friends with trump, and trump is good friends with elon musk -- >> they're all getting onboard. [laughter] stuart: next case, vertex has received fda approval for a mono-opioid pain medication, right? -- non-opioid. >> it is. this is the one of the first fda approvals for a new u.s. drug in this space.

it is a non-opioid painkiller: so what they're saying it treats acute pain from surgery or an injury, but it is not like an opioid where you don't become addicted to the it which, as we know, has been a huge problem in this country really in the last 20 years. vertex, for their part, is saying 10% of patients eventually become addicted to opioids. you never want to be on prolonged opioid use. again, we'll have to see. the stock origin originally was up 9%. maybe we're digesting how quickly this could come to market. stuart: then there's intel. i kind of pelt they fell behind in the a.i. race last year, and i'm wondering if that is reflected in the earnings. >> a little bit, right in when you're at $20 and you're with only up seven-tenths of 1%, this success was down 60% last year. pat gelsinger, the ceo, he is out. so you have two interim ceos.

one of them says they are shelving the new gpu a.i. design, falcon shore, so you don't have is new products for a.i. customers. again, we're in the middle of a turn-around story, and people are being patient with the stock. stuart: so far. how about visa? is they're up today. enter yeah, people are spending. holiday travel was strong, holiday spending was strong. payments volume was up 9%, revenue if up 10% and cross-border volume up 16%. that is a signal on how much we're traveling overseas, and people are. stuart: okay. what about walgreens in why did they suspend their dave tend? >> the first time in 92 years. can you believe it? that's why you're down 15%. and i don't think you would be surprised to know why. again, one of the worst performers last year. massive turn-around story. they're trying to hut down 1200 stores. everything is locked up. they tried to do pharmacy, retail plan, this is a company massively, i think,

reassisting -- readjusting its financial outlook. just give us time to reevaluate our priorities and what we're doing financially. stuart: they don't mention it, but i'm pretty sure shrinkage had an awful lot to do with it. >> yeah. stuart: chevron, they're down 2 2.7%. they reported before the bell, what went wrong? >> what's interesting, this is the other side of this. they raised their dividend 5 despite what we know as shrinking profits. and, stu, this is a price to pay for falling oil prices which is good for consumers but not always good for the energy company. again, i'm not super worried. the break evens on these companies are always $40-50, it's averaging right now about a 74, 75. but as costs come down, it hits the profit. stuart: all right. we're off, we're running, and we're mostly in the green. taylor, thank you very much, indeed. coming up, israel's prime minister prime minister, benjamin netanyahu, set to visit president trump at the white house next week. there's been chaos with the hostage releases recently. hamas appears to have made

something of a comeback. we'll discuss that with general jack keane on the show later. fox got an exclusive ride-along in a border patrol helicopter. we're seeing trump's border crackdown in action. we've got the exclusive video for you. and axson, they're -- ax item on, they've launched a new program. axon's president is josh eisner, he's stalk thing up behind me in my studio, he's going to tell us what's so crucial to our national security. there he is. >> thank you for having me on. stuart: good to have you. >> hopefully you're ready to endure me in person. >> oh, indeed. okay. ♪ ♪

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alexis mcadams joining me now. all right, alexis, which area of the country is dhs focusing on now? >> reporter: well, stuart, we've seen dhs secretary kristi noem all over the place including here in new york city yesterday, and just cred. >>th -- yesterday in vermont. she says their going to give everything they -- they're going to give everything these team need. this is the picture of a border patrol if agent that was shot and killed during a traffic stop out in vermont. it was a very sad investigation, and it comes as some sanctuary cities are pushing back saying they're not going to cooperate with i.c.e. no matter what, noem telling fox her teams are going to meet the challenge with or without the help of local leaders. >> the reality is these sanctuary cities, their laws have caused these problems. they are limiting some of our tools that we want in our toolbox, but we're going to continue to to go in and use our operations and show other cities how it's working.

>> reporter: i.c.e. raids are continuing across the country including in the big apple. earlier this week the feds arrested a suspected venezuelan gang member in the bronx. this ended up being a huge case and made a lot of headlines. he was in court in manhattan this week with, sources telling fox he's part of that south american gang tren de aragua that a we've talked about for months. he's charged being a fugitive from justice with possession of a firearm. authorities believe he's the same guy who was part of a gang takeover at the apartment complex in aurora, colorado, where a group of migrants were caught on camera armed with weapons breaking into apartments. that that video went viral as so many people many colorado wanted the dhs to come in and try to take over that apartment complex back from the gang members. sources tell me this is the all far from over. they say here in new york city it's not going to be a safe haven for criminals who are just saying they're looking for the american dream. we'll keep you posted.

stuart: alexis, thanks very much, indeed. ladies and gentlemen, i present to you the president of axon, his name is josh eisner, and he's with us this morning. this is a krone guy, okay? and his -- drone guy, and his company, axon, who is the most rapidly expanding company in the s&p 500 in the past year, is that right? >> yeah. over a 5-year period. stuart: you're doing well, aren't you? >> we're solving problems for our customers, and that that's turning out to be a good business practice. stuart: okay. let's get serious. you've got a sky swap program, is that right? sky swap with. and what you do is you're replacing chinese-made drones with american drones. why are you doing that? >> yeah. the federal government came out at the end of last year and said pretty much that chinese drones have no place anymore in public safety. and it's a tough situation for our customers, because over the last three or four years through no if fault of their own, they've a started to build programs with dji products manufactured in china. we partner with the national leader here, u.s.-made drone

company that has the best product in the market, and we're allowing customers trade in those dji drones under our sky swap program to give them some value and put a better drone in the sky that's compliant. stuart: that that's one of your drones on the thing there. they're deployed on the border? >> they can be, yeah. stuart: what do they do? are they, like, patrolling the border. >> yeah, of course, they have very high quality optics, is so they certainly give situational awareness to the agents on the border, and they're also used in policing as a first responder mechanism. when you call 911, those drones first arrive at the scene and give everyone an idea of what's going on there before the officer is able to arrive. stuart: a lot of companies in america which are ditching this dei policy. are you? >> so we agree with the executive order. we think that anytime you're showing favoritism to someone based on demographics, that's unfair. i do see there's value in filling the top of the funnel

with diverse candidates. we try to hire about a thousand people a year, and we have a very high talent bar, so we need to look everywhere for talentful our philosophy is let's fill the top of the funnel with people with different talents, convictions and life experiences, and may the best candidate win from there. stuart: are your drones competitive price wise? >> oh, absolutely. best value on the the market. stuart: how much would i have to pay for one of those drones that you use on the border? >> essentially, it's about a $50,000 setup between the drone and the dock because they don't fly for very long flight times. they charge quickly and get up in the i sky again. that whole setup is about $50,000 per dock and drone. stuart: and your sales keep going up? >> we believe so. drones are a growing part of policing, and we think they keep people safer at the end of the day. whenever you can take a human out of these high-stress environments and put a robot or a drone in them, we think we can keep people safer. stuart: a friend of the show, i

believe a friend of yours, dave portnoy, he spoke, i believe, at your annual company kickoff, didn't he? >> that's right. stuart: he did an on-stage pizza saw review. >> yep. stuart: what's portnoy's involvement in axon? >> we try to bring in people who do the -- who are the best at what they do, i'd highly recommend bringing on dave. his story's inspirational, and he did a great job and got everyone pumped up. did you see he's thinking about launching his enmeme coin here in he's getting into crypto? stuart: is he? >> do you believe that? could change the face of the american economy. you'll have to bring him on on the show. stuart: josh, great to have you. >> appreciate it. stuart: coming up, mark zuckerberg has bowed to the power of president trump. this is a new era, and even silicon valley understands with this president, you have to get along -- you have to go along to get along. that's my take coming up at the top of the hour. tomorrow trump's tariffs on

canada and mexico go into effect. watch in this. >> i'll be putting the tariff of 25% on canada and, separately, 25% on mexico. and we will really are to do that because we have very big deficits. stuart: all right. brian with us bury -- wesbury is going to to tell us how soon we'll feel the impact of those tariffs. we'll be back. ♪ ♪ if -- the starting of a brand new day ♪ car, this isn't the way home. that's right james, it isn't. car, where are we going? we're here. (♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses

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♪ stuart: trump's tariffs on canada and mexico are set to go into effect tomorrow, but we've just learned this, a development. justin trudeau says they are ready, canada's ready with a response. he says any canadian response to tariffs would be purposeful, forceful and immediate. he says if canada has to act, they wouldn't relent are until tariffs are removed. everything is on the table. economist brian wesbury joins me now. that sounds to me like a confrontation is coming, brian. >> yeah, it is, stuart. there's no doubt about it. it happened a last time.

but there are already, i mean, there are a lot of things happening. first of all, importers, i mean, if you look at the imports into the united states right now of just gold and silver, i raw gold and silver, it's massive. and the reason is everybody's trying to beat these tariffs. the same thing is happening with oil, with steel, with aluminum. and so we're going to -- if these tariffs go into effect, we're going to go into a period of time where trade really does slow down, and then we will see some retaliation. but also a at the same time trump is using this as a negotiating tool. he's saying, look, stop the fentanyl, stop the migration, and that's being worked on and discussed at really high levels today. and if you look at the stock market today, what they're kind of saying is we don't think this is going to lead to a big trade

war. so i'm going to listen to the market today and think that. stuart: if tariffs are placed on canadian oil, there is some doubt about that, but if they're placed on canadian oil, we are told that the price of gasoline will go up in the midwest. >> yep. stuart: that would not be good, brian. >> nope, it would not. and, stuart, i'm going to tell you, i agree with that. here's our problem. we are the world's largest producer of oil. the problem is when we frack it out of the permian or out of pennsylvania, we, we get light sweet crude. well, all our refineries where we make our gasoline uses more heavy crude. the things, the oil we import from canada or from venezuela or from other places, mexico. and the reason those refining facilities are built that way is because they were built during -- before we had

fracking. and it will cost tens, maybe hundreds of billions of dollars to build a refining network that uses light sweet crude -- stuart: we need that oil. >> and the problem is every four years we get a president who beats up on oil, they won't make the investment. so we're not ready to fix it. stuart: okay, got it. brian wesbury, you poured out some interesting stuff right there. brian, thanks a lot. here's what we have, florida congressman byron donalds on working with the trump administration to promote school choice. he will be at the white house today with the president. into retired four-star general jack keane on prime minister netanyahu's upcoming meeting with president trump. what's that all about? maybe iran? fitness guru jillian michaels on why she supports rfk jr.'s push to make america hell ty again. and steve hilton, what he's doing to get more water for farmers in california. the 10:00 hour is next. muck new. ♪ ♪

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