Skip to main content

tv   Varney Company  FOX Business  February 4, 2025 10:00am-11:00am EST

10:00 am
this small wearable sends my glucose numbers right to my phone or my receiver. with just a glance i can see if i'm going high, low, or steady. so, i can make quick decisions in the moment. now, i'm a superstar. my a1c is 5.7. my a1c has never been lower. no other cgm system is more affordable for medicare patients than dexcom g7. don't wait! call now, and talk to a real person. stuart: the producers know me so well, the rolling stones, beautiful view of new york city. still chilly but in the spring in the air, it is 10:00 eastern.
10:01 am
let's go to love money, dow is down 16 but look at the nasdaq go, one hundred 7 points, part of 1%. the 10 year treasury yield just above 4. 5% at $4.54, the price of oil coming down, no tariffs on canadian oil, down goes the price, $72 a barrel, bitcoin, we have it at $100,200 a coin. we just received the latest job openings report called the jolt report. >> it is better than we expected. we were expecting 8 million jobs unfilled at the end of december, 7.6 million is the number. we are moving in the right direction. in november they had more openings, sell -- stuart: 7.6 million. i wonder how the market is reacting. don't see much reaction at the moment but let the algorithms
10:02 am
kick in to see what goes on. thanks. brian, what do you make of it? 7. 6 million jobs. brian: a drop from october and november. you want to see job creation in this economy. ultimately see the number go back up, since 2022 we will see the growth agenda for trump, tax cuts, when companies hire, we will see more in the year ahead. stuart: more for you later. now this. early january 2025 he lost the election, joe biden was still president. he got testy about his age. he had been in politics so long, he knew everyone. >> i know more world leaders than any of you ever met in your whole life. stuart: he did know world leaders but it didn't help his presidency or america because he was weak, they pushed him
10:03 am
around, ignored him, there was no respect, after he made that comment donald trump became the 47th president and our relationship with the world changed, biden was softball, trump's hardball. the last 15 days trump has taken his america first policy to world leaders biden claimed to know so well, those world leaders are backing down, venezuela and colombia will take back their migrants. el salvador offers to how the violent to house violent us criminals and deportees, panama on the canal, denmark is open to allowing a bigger us prisons in greenland. mexico agrees to put 10,000 troops to cut migrant smuggling, canada appoint a fentanyl czar. not a bad record for 15 days in office, trump has not won these disputes out right but he has changed to the use of american power in america's interest.
10:04 am
next up china ten hours ago, week tariff and they tariff thus but at some point today trump and xi jinping will talk. our president is negotiating from a position of strength. vladimir putin is taking notice. that's foreign policy, trump is playing hardball at home as well. elon musk's doge guys took over usa, a strong message, get out of the way, you have no right to go unchallenged when you spent $1.5 million to advance ai in serbia's places, $47,000 for transgender opera in colombia. watch out. the abolition of the department of education may be next. what a contrast. in 15 days donald trump has done more to address our problems than president biden did in five years as president and 40 years in the senate. softball didn't work, hardball did. second hour of varney just warming up.
10:05 am
brian brenberg, have you ever seen a more stark contrast to the exercise of power? brian: super bowl we, talk about teams moving the ball down the field instead of being stuck in their own zone that is what trump is doing on all fronts, you got to say finally somebody is fighting for our interests, they know our interests and can i add he is sending an awesome team out there, look at tom homan and pete hegseth at the border, kristi noem out there, elon musk pushing the ball down the field, everybody is out there, making things happen and can't keep up in this business, that's the best position to be in. stuart: you are a professor, not now but you were. brian: i do a little bit, teach people here and there.
10:06 am
the abolition of the department of education, you want to see it but is it possible? it has been tried many times before. brian: it somebody is going to do it is this team. i don't think the efforts were that strong. what i think now is donald trump is saying i've got nothing to lose. i will put an executive order out there, get elon musk on it, and nominee for department of education who wants to close the thing and a lot of momentum in america because we saw what happened the last four years with test scores and power and teachers and everybody said fix the thing and let's start with the group. i think it can happen. i'm excited, i want to see it happen because i want america's kids to get a decent education again and get the feds out of this. stuart: you never got out of the classroom. brian: i love the classroom. it made america the most productive prosperous society
10:07 am
in the world yet a great education system that stuck to the basics, not all the other dei race junk that has fouled things up. stuart: we will be watching "the big money show" at 12:00 noon until 2:00. i suspect by the time you are on the air you will have had a conversation between xi jinping and donald trump and the subject will be fentanyl, you might see some progress. brian: if history is any sense you might see some progress. stuart: hakeem jeffries revealed the democrats plan to take on trump. madison: the plan is to use the federal government deadline as leverage to prevent donald trump from freezing or diverting more congressionally appropriated funds. hakeem jeffries put out a letter and in it, any effort to seal taxpayer money from the american people must be choked off in the upcoming government funding bill if not sooner. republicans have a razor thin majority in the house. that is why jeffries and democrats believe speaker
10:08 am
johnson will have to work with them to fund the government, that cooperation could open opportunities for them. jeffries is urging members to take the fight outside washington, go to your constituents and tell them what trump is doing and how it impacts them. stuart: thank you. back to the markets. thou is down 8 points. i will call that flat, the s&p is pretty flat as well. nice game for the nasdaq hitting 200 points which i want to show you pal and tear, boosting the nasdaq big time, it is up $23, 22%, daniel newman with me this morning, china is investigating google in response to trump's tariffs. what does this investigation mean for google? report after the bill this afternoon. >> we know there's going to be some back-and-forth, some micro-aggression, we've seen it
10:09 am
with this ai trade war that has been going on and it will continue. google services aren't available in china. investigating monopolistic behaviors for google in china is sort of an interesting inflection but they have, they know the market is looking for something, what is china going to do? attack america's greatest most successful growth companies and see if we can gain positioning here because the us hold the cards. blue when it doesn't seem to affect google or apple that i should say, 1.5% in advance of the numbers. >> doesn't have a business impact, feels to me they went after micro and amd. those can matter but going after google seems like up your positioning activity. stuart: what is your position on the movers today, advanced micro devices, 2.8%. >> all about the instinct business, gpu business, does amd have a posture to compete with nvidia? with the deep seek story that went on last week, is there
10:10 am
still all this enthusiasm for gpus? there's an opportunity to be the number 2 but more and more competition rising -- stuart: don't touch it? stuart: qualcomm. >> on the other side of the story, qualcomm diversified beyond the handset business, they want the message to land on devices, less energy utilization, less reliance on the cloud, less cost, deep seek has put on these devices and we see people using these ai llms devices. other than apple, qualcomm is the biggest player in handsets into the pc space. stuart: you like it. arm holdings. >> arm is tied to everything, they are powering grace blackwell, the biggest nvidia systems inside the handsets, the apple devices, the
10:11 am
non-apple devices, their problem is pricing power. they need to charge more to drive more revenue and more profitability into the business, selling billions of licenses, they have that loss in the last month but going forward, they need to show margin expansion and growth of revenue buckets. stuart: you know tech, thanks for sharing your expertise. thank you. we are looking at other movers. let's start with nvidia, you getting a boost from bank of america which reiterated their top pick. they will overcome opposition from deep seek and any challenges posed by tariffs, the stock is up 3. 5%. next, ubs, the swiss bank, down after fourth quarter earnings fell. they announced a new, $3 billion stock buyback program. it is down 6%. %. last one. i glassmaker wally parker down on trump's tariffs, reportedly
10:12 am
sourced 20% of their products from china, down 3.6%. still ahead. lots -- not surprising, joe scarborough isn't a fan of elon musk's dogthe. >> the world's richest man saying he is going to tear this organization to the ground, but he's talking about doing his, i'm sorry, it is stupid. stuart: isn't he the guy who said joe biden was alive and well and energetic? he did. cutting government waste is stupid, that's what scarborough said. we are all over it. ice naba 700 legal migrants including 500 with committal convictions for murder, robbery, domestic violence. borders are tom homan is on the show. 's real's prime minister benjamin netanyahu will meet with donald trump in the oval office. coming at you next.
10:13 am
where ya headed? susan: where am i headed? am i just gonna take what the markets gives me? no. i can do some research. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management (woman) what if all i do for my type 2 diabetes isn't enough? or what if... (vo) ...once-weekly mounjaro could help? mounjaro helps your body regulate blood sugar and can help you eat less food. plus 3 out of 4 people reached an a1c of less than 7%. and people lost up to 25 pounds. don't take mounjaro if you're allergic to it, or if you or someone in your family had medullary thyroid cancer or
10:14 am
multiple endocrine neoplasia syndrome type 2. stop and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, or vision changes. serious side effects may include inflamed pancreas and gallbladder problems. taking mounjaro with sulfonylurea or insulin may raise your low blood sugar risk. tell your doctor if you're nursing, pregnant, plan to be, or taking birth control pills. side effects include nausea, diarrhea, and vomiting, which can cause dehydration and may worsen kidney problems. (woman) i can do diabetes differently with mounjaro. (vo) ask your doctor about once-weekly mounjaro. (traffic noises) (♪) the road to opportunity. is often the road overlooked. (♪) at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we believe the more ways we all have to move forward.
10:15 am
the further we'll all go. morikawa on 18. he is really boxed in here. not a good spot. off the comcast business van. into the vending area. oh, not the fries! where's the ball? anybody see it? oh wait, there it is! back into play and... -oh no, it's in the water. wait a minute. are you kidding me? you got to be kidding me. rolling towards the cup, and it's in the hole! what an impossible shot brought to you by comcast business.
10:16 am
10:17 am
stuart: all green on the left-hand side of the screen, down 26, s&p up 30, big gain for the nasdaq, one hundred 96 points higher. 1% to the upside. is real, prime minister netanyahu will meet donald trump at the white house. what on the docket? >> reporter: according to our senior admin a station official the focus is the cease-fire deal, the president wants to see all hostages come home and for hamas to be in a position they are not able to govern again. according to the prime minister
10:18 am
he says, quote, the fact this would be donald trump's first leading with a foreign leader is a testimony to the strength of the israeli american alliance also a testimony to the strength of our personal friendship and this meeting will discuss important issues quickly she is facing israel and our region. this comes as negotiations opened this week for the second phase of the cease-fire between israel and hamas. the next chapter will include the return of all hostages in exchange for full withdrawal of israeli troops from gaza. benjamin netanyahu is feeling pressure to press on until hamas is eliminated. yesterday benjamin netanyahu met with mike waltz and the president's middle east envoy, hopeful about the negotiations but donald trump expressed skepticism about the cease-fire's future. >> i have no assurances it will hold. i've seen people brutalized. no one has ever seen anything like it.
10:19 am
no guarantee the piece is going to hold. >> reporter: according to the white house, the presidencies gaza as a demolition site, it will take 10 to 15 years to rebuild. also reuters is reporting the president is expected to sign an executive order to restore maximum pressure on iran. back to you. >> reporter: christian, these talks, i suspect benjamin netanyahu wants permission to attack iran. what say you? >> in perhaps an indirect way i don't know if we will see israeli fighters and bombers over iran attacking the iranian nuclear project. that has been thought of as a firewall for some time. i think instead, benjamin
10:20 am
netanyahu wants to demonstrate good atmospherics with trump because there's tension between these two men after the 2020 election when benjamin netanyahu congratulated biden on his victory, to show there's a difference biden and netanyahu hate each other, trump and netanyahu can get along and benjamin netanyahu wants to shift attention to iran if not militarily then at least politically and we will see that lead into this executive order restoring maximum pressure. stuart: we just heard a senior official says donald trump sees the gaza strip as a demolition site, he think that is in humane to force people to live there, it is uninhabitable. bearing that in mind where did the palestinians displaced, where do they go? >> that is the million-dollar question and no one can answer that because the logical choice would be for some to go to egypt and jordan and other arab states to take what they call their arab brethren but no arab state wants palestinians and they put that in writing. no deal.
10:21 am
as that idea. nonetheless it is useful for trump to start to shake up the status quo because the situation where gaza, that pile of rubble is allowed to contain a population that festers, reconstitutes hamas and eventually re-attacks israel is not a great long-term solution. stuart: why don't it neighboring arab states want to take any palestinians. >> there jihadist, their minds have been completely poisoned by decades and decades not just of anti-semitic and anti-american rhetoric but pro g hard, pro-political islam, that's the last thing, egypt is better than islamist trna, last thing you want is a huge influx of people who want the muslim brotherhood or hamas which are the same thing to take over your country. stuart: give me a end game here, where do you think they go?
10:22 am
>> the end game shift the attention away from the palestinians to deter them militarily, degrade their capabilities. hezbollah is in big trouble because they are shiites and syria got taken over by sunni jihadists. but the attention iran which is the paymaster and the ideological support for all these terrorists groups that strike in europe and want to strike the united states which is what trump did the first time. the conventional wisdom is solve palestinian issue, trump said no, if you solve iran or put iran on the back foot you improve the middle east and he did once and we can do it again. stuart: it would be nice if one of the states returned to prosperity but it doesn't look likely, does it? thanks for joining us. appreciate it always. joe scarborough went off on elon musk's handling of doge.
10:23 am
was this all about usaid? >> reporter: he said the move to end usaid will impact the fight against hunger and starvation worldwide and also undermine the soft power influence the us had. he took issue with the fact the richest man in the world is pulling the strings and making the cuts. take a look. >> the world's richest man go in and say he is going to basically tear this organization to the ground, not only will cause immeasurable suffering across the globe but also will put us in a strategic disadvantage. this is strategic, what he's talking about doing is stupid. anybody in any administration will tell you it is just a stupid strategic move.
10:24 am
>> reporter: he asked senate republicans who authorized usaid programs would step in to stop musk but the only thing musk thinks is stupid about this movie is how poorly usaid was run. he said the agency was beyond her repair and trump supporters decision. stuart: coming up, one key republican senator says she will support tulsi gabbard for director of national intelligence. does that mean she has enough votes for confirmation, we are on it. pete hegseth, borders are tom home and met with troops on the border in el paso. what is the role of our soldiers at the border? tom home and live from el paso next.
10:25 am
when you're in the military you're really close with your brothers and your sisters that are in the military with you. and when you get out of the military, you kind of lose that until you find a new family. we can talk about our struggles and the things that we did overseas and not everybody can do that. adam! how's it going, brother? we live pretty close to each other. so he's always coming over. when i go to jack's house, we watch a lot of football, hang out. we go outside the friendship has kind of grown into a family i was overseas on a deployment. i got separated from my marines and i got hit in the neck, and it broke my neck and paralyzed me. 14 years ago, i was on a training mission. did a military freefall, and i had some faulty equipment. i hit the ground. going, 30 to 40 knots and was instantly paralyzed.
10:26 am
i met jack fanning when he invited us to park city, utah, through his foundation. i was able to actually get on the mountain and ski with my family, i can't put into words what that meant. i got paid in the military to do crazy fun stuff. and after my accident, i'm still that same guy. and when i was able to jump out of a perfectly good, helicopter, at 10,000 feet, i did it. i was talking to some vets last week amazing how we have these houses where they can come over because they■re in chairs too. carpet and wheelchairs don't mix very well. tunnel to towers, they got rid of all that. they redid my whole bathroom. that's probably the favorite part of my house. i thought they were just going to do the upgrades. but the surprise to me was they paid off the entire mortgage. when they told me they're going to pay off my mortgage, i cried. please contribute $11 a month by visiting
10:27 am
t2t.org now [ car engine revving ]
10:28 am
stuart: on the markets this morning it is all green especially the nasdaq, up 1.1%, 226 points higher. palantir boosting the nasdaq having its best day ever up 25%, $104 a share. google at an all-time high despite an investigation by china reporting their earnings after the bell, some of the movers we are looking at, clorox is down this morning
10:29 am
after their second quarter earnings, they reported a 15% annual decline in net sales down 5%. contour brands, on the upside after a pause on mexico and canada tariffs they sourced 30% tourism from those countries. more companies that will be hurt by trump's tariffs on china, sketches and crocs, reportedly sourced many of their products from china, they are possibly on hopes of some kind of negotiated deal. xi and the president will be talking today. tom homan, pete hegseth, met with troops in el paso and tom homan joined me now. time, let's get at this. there are reports the cartels plan to attack border patrol agents with suicide drones. how will you fight that? >> i have said for a while the cartels, when we secure the
10:30 am
border, we are taking billions so they can make money, sex trafficking and drugs, to fight this thing, we will take them on. the military on the border, the threats, there will be violence but the cartels, donald trump will not hesitate to take action, i think donald trump will wipe it out like he did isis, the caliphate. i would think the cartels would pay attention, we ve a strong president who' s not going to take it. stuart: if our troops on the border are fired at from mexico, not necessarily drones but rifle fire, what will we do? will be fire back inside mexico? >> absolutely.
10:31 am
we will take them on and they have a dangerous job, the mexican cartels, well prepared and we will do what we have to do to defend this country and defend the men and women who wear the badge, we will take action immediately. stuart: 10,000 mexican troops going to the border. are they going to take on the cartels as well? >> i think so. donald trump is a game changer. moving at record speed with the military operation on the border. great partner. we locked down the border at a high level, 76% decline across the southern border. dod is in the game, for the first time i am confident the
10:32 am
second administration on the southern border, operational control has not happened in the history of this nation. stuart: morrison 700 illegal migrants were arrested and convicted of murder, robbery, domestic violence. 700. is enough? >> 9000 total arrests since we started. it is a good number. we need more. we will continue these operations, doing significant tightening actions. a significant public safety threat, security threats. 1.4 million are here illegally,
10:33 am
a federal judge, the aperture opens that you see less increase. i would be happy, we have what we like and working on it. action doing right now where the whole government, us marshals, different agencies, you see these numbers continually increase as we work week to week. stuart: anecdotally i have heard locally i live in new jersey and the new york area, some streets are empty. the illegals are disappearing. have you heard that? >> in several instances but should be concerned.
10:34 am
we would be concerned when a federal judge orders them to leave. we are not doing neighborhood sweeps. if you are here legally in the immigrant community you should feel safe. if your significant public safety threat and security threat you should be concerned because we are looking for it. stuart: new jersey governor phil murphy set on tape he had an illegal migrant living in his home. he has since walked that back but he tried to challenge the administration, the feds to come after her. he has walked it back. what do you say to that from the governor of a state? >> it is ridiculous. we will look into it but if
10:35 am
he's harboring and concealing from ice, that's a felony. we will seek prosecution. no one is above the law. may be he is testing us but i wouldn't test this administration. we are taking it seriously. anyone who impedes us, knowingly harbors an illegal alien is in violation of 1324 and we will seek prosecution. stuart: thanks very much for being with us and all the time you've been with us, always appreciate it. come here, tell me about the senate bill to end birthright citizenship. madison: after donald trump's first day in office, we have a bill that would accomplish exactly that, the birthright citizenship act of 2025 end the
10:36 am
practice of conferring citizenship status with parents who are either here illegally or overstayed their welcome. the measure would address the biggest magnets for illegal immigration. estimates there are 33,000 births, there are hundreds of thousands more births for illegal aliens. hundreds of thousands of births, citizens of the us. expect this bill to pay say fight, democrats are not happy about this. stuart: still ahead, canada and mexico came to the table after trump threatened tariffs. the focus is on china. >> china will stop sending us
10:37 am
fentanyl, tariffs will go high. stuart: we are following it. >> more on that coming at you next. what does a good investment opportunity look like? at t. rowe price we let curiosity light the way. asking smart questions about opportunities like ai. and how the industries born to support ai might better support us all. better questions. better outcomes. ♪ (male vo) big. (female vo) small.
10:38 am
essential. (male vo) big. small. essential. (female vo) big. small. (male vo) essential. (female vo) grande. (male vo) pequeño. (female vo) esencial. no matter what business you're in, verizon business has the network and solutions you need to power it. i'm thinking of updating my kitchen... ...thinking of redoing our kitchen. ...we are finally updating our kitchen. for all those people who never seem to get around to it... —...a breakfast nook. —chase has financial guidance. let's see how you can start saving... —really? —really? at home or in-person. that's guidance from chase.
10:39 am
do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance.
10:40 am
10:41 am
stuart: one hour and 10 minutes into the session, that again is the nasdaq composite up 155 points helped by strong performance by talent here. we are debt -- talent here -- talent here --palantir. take us through it. >> reporter: critics say usaid has long been seen as a slush
10:42 am
fund doling out money, a fund for necessary initiatives. supporters say the symbol of american will promote national security. this was the scene from yesterday when protesters gathered outside usaid headquarters, reports of senior officials put on leave, contractors being laid off. marco rubio is the agency's acting director, authorizer review of usaid, limitation of project if they don't align with national interests. >> this is taxpayer money, not my money, not their money. it is our money, taxpayer money and we have an obligation to do foreign aid in a way that makes sense. >> reporter: foreign aid makes up one% of the federal budget but republican say usaid has fallen off course, spent $22 million for a sesame street workshop interact, $1.5 million to advance dei in serbia's workplaces and business
10:43 am
communities, $6 million to fund tourism in egypt, a 2019 report found 43% of the agencies did not achieve all their intended results from 2014-15 fiscal years. democrats worn dismantling usaid will leave china to fill the void and its shutdown what amount to an abuse of power. >> we know unilaterally frozen usaid is illegal. donald trump does not have a of already to erase an independent agency created by congress. and arcana department of state absorb usaid because now there's nothing to absorb. >> reporter: the following over usaid is spreading. ryan champ promises to put blanket holds on these. stuart: donald trump is explaining iran must role in the administration. madison: he essentially said he
10:44 am
only does things that the big man himself, trump, approves of blue cheese the slasher in chief but does not do anything without the commander in chief, getting the green light from trump. take a listen. >> letting people go he thinks are no good and only if we agree with him. he's a very talented guy from the standpoint of management and costs but finding tremendous amounts of really bad things, bad spending. elon can't and won't do anything without approval. >> reporter: those talented people working for doge and musk working hard. he is bringing hard work culture to the federal government saying doge employees work one hundred 20 hours a week, saying this in a x post, are bureaucratic opponents optimistically work 40 hours a week.
10:45 am
that's why they are losing so fast. one hundred 20 hours a week, one of the reasons they can do that is musk says his employees are working the weekend, weekend warriors if you will, stuff done 24/7, seven days a week. stuart: i like the guy but wouldn't want to work for him. madison: i would not like to work for him but you see the effectiveness. stuart: another one for you. 20,000 reportedly took trump's buyout offer. madison: talking about the buyout to federal workers, 20,000 federal workers have taken the buyout. there still time according to officials. it is significant number, 1% of the federal workforce, still less than the target, the white house is targeting 5% to 10% taking the buyout but we can see the number increase because the offer is open, thursday,
10:46 am
there is still time. for some of the workers weighing this decision you could say the writing is on the wall. they see what happened at usaid and despite opposition from the union we can see more people take this buyout because of the opportunity it presents. stuart: that would be a successful buyout operation. two of trump's more controversial nominees got key support. tell me more. madison: one of them is senator bill cassidy from louisiana now says he will support rfk junior for hhs secretary. he was a skeptic but is now onboard. we see a key gop senator, susan collins, she will support tall see gabbard for director of national intelligence. and also on board, indiana senator todd young announcing his this morning he is also going to back gabbard.
10:47 am
>> i decided to vote for her. i believe she is committed to strengthening our national security. and i questioned her extensively about her views on edward snowden, and i am now satisfied that she will not seek in any way to have him pardoned in closed session. she elaborated further on her reluctance to use the word trader. madison: we expect a report on closed doors later today. what you are seeing is nominee after nominee having a pathway that continues to open up. we could see more nomination as the we crawls on. stuart: he could get all his nominees, looks likely at this point.
10:48 am
madison: things are moving in a positive direction for trump. stuart: chuck todd railed against elon musk, called him un-american. >> of democracy is a, quote, left-wing ideology to elon musk, this man is un-american. as far as my definition of america is. stuart: kennedy is fired up, all over it and she's going to be on the show. trump's phone call with china's xi jinping is happening very soon. we are all over that one too. start a negotiation may be? more varney next. ♪
10:49 am
look at 'em, streaming directv without a satellite dish. did you see how fast that guy found the game — he hardly struggled at all! every day is a struggle for us pigeons... and he's flipping through channels faster than a falcon! ya know, i dated a falcon once. an alternative to pills, voltaren is a clinically proven arthritis pain relief gel, which penetrates deep to target the source of pain with nonsteroidal anti-inflammatory medicine directly at the source. voltaren, the joy of movement. ♪ only servicenow connects every corner of your business, putting ai to work for people. pfft ... every corner? every corner, nick. ow! so kate in hr ... hey kate. can focus on people, not process. patty in it is using ai agents to deal with the small stuff, so she can work on the big stuff.
10:50 am
and ai helps jim solve customer problems before they're problems. oh, so we all work better, together! my work here is done. excuse me, which way back?
10:51 am
the way i approach work post fatherhood, has really trying to understand the generation that we're building devices for.
10:52 am
here in the comcast family, we're building an integrated in-home wifi solution for millions of families like my own. in the average household, there are dozens of connected devices. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. stuart: on the market we have a strong gain, the dow slipped into the negative columbine 9 points. the look, bast call for bud light takes a deep dive into how the beer lost its position as america's most popular. the author of the book, ensign fredericks, joins me in new york. did anheuser-busch take on a political role? why did they do it?
10:53 am
>> we saw tons of companies take on a political role, disney, target, nike, they were coerced into doing this by a combination of the biden admin a station putting comedies to get involved in politics, the biden administration, they had to do it through the backdoor of companies, companies like black rock, vanguard, pushing a very aggressive esg dei agenda and consultants pushing companies to get involved in political issues whether asking them to defund the police like salesforce did, overturn election integrity laws and bud light, the straw that broke the camel's back, transgender issues. stuart: has bud light recovered? >> they lost 30% of customers, millions of customers, shareholder value, they continue to shed customers, stock prices are 50%,
10:54 am
$50 million in advertising, don't think it will have any impact. stuart: will they advertise bud light? >> the commercials are pretty good. they have shane gillis, opposite of dylan mulvaney, they lost a lot of customers and customers asking them, is bud light going to be fun in football or dylan mulvaney, until the company comes back and says clearly what it is going to be i don't know if customers will come back. stuart: target used to be one of the principal supporters of dei, outspoken supporters of it but they are backtracking, are they being sued? >> similar bud light. target used to be one of the darlings of the retail industry. an evolved and a lot of
10:55 am
controversy involving pride month and lgbt q, stock prices, double-digit percentage, the biggest competitor is walmart, it doubled in the same time as walmart stepped back from dei and divisive politics. stuart: do you think corporations should get out of politics, left and right, don't touch politics period? >> don't touch politics period. that's good business. that will drive shareholder value and be good for our broader country also. let these politics be settled by politicians, not ceos and executives. stuart: the book last call for bud light. i would like to read that. thanks for joining us. thank you. still ahead. jimmy failla talk about wasteful spending by usaid including transgender opera in colombia. chad will find mexico deploying 10,000 to the border in
10:56 am
exchange for tariff pauses. kennedy on the millions of dollars the department of education spend on dei. that is it for me. ashley webster and the 11:00 hour of "varney and company" coming up next. ♪ ♪ every time she closed her eyes ♪ ♪ ♪ ♪ when she was just a girl ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question.
10:57 am
like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management.
10:58 am
force factor prostate advanced reduces nighttime bathroom trips, helps fully empty your bladder, and promotes a normal prostate size. why? force factor prostate advanced contains clinically studied saw palmetto,
10:59 am
beta-sitosterol, and cranberry extract. rush to walmart and find force factor prostate advanced. with jackpocket, you can order official state lottery tickets anytime, anywhere and you can see your ticket on the app. plus, with new official state scratch games available, more of your favorite games are right at your fingertips. download jackpocket today. [sofi mnemonic] can a personal loan unlock your ambitions? oh yeah. borrow up to a hundred thousand dollars to consolidate bad debt and save money for your next goal.
11:00 am
take a swing at your kitchen reno... meant that literally. or design your actual dream wedding. consolidate bad debt and fund all your ambitions with a sofi personal loan. go to sofi.com to view your rate. sofi. get your money right. ♪ ashley: not exactly the streets of san anton but this is a pretty spot with folks on the sidewalk and all quiet in midtown man hat leeanne this morning. good morning to all of you and east coast on tuesday, february 4 and i'm ashley webster filling in for the final hour of stuart varney. right to the markets and different story from yesterday. lots o

0 Views

info Stream Only

Uploaded by TV Archive on