tv Varney Company FOX Business February 7, 2025 9:00am-10:00am EST
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or the other because this is a bonanza for our import if competitors. he add ad most of ford's vehicles and parts are made in the u.s. including 100% of its transmissions and over half of its engines, but millions of vehicles come here from japan and korea with only a 2.5% and 0% duty on goods from those countries respect ily. respectively. >> what doesn't make sense to me is why, why we're having this conversation while, you know, hundred dye kia's importing 600,000 units into the u.s. with no incremental tariffs, and why is toyota able to import half a million vehicles into the u.s. with no incremental tariffs? >> reporter: it's notable that ford has the biggest uaw work force of any company. cheryl? cheryl: all right. kaley -- kelly saberi, thank you so much. that is it for "mornings with
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maria," good morning, stuart. stuart: good morning, everyone. it's jobs day. here's the news, not a strong report. 143,000 jobs added to the economy in january, but december's numbers were revised upwards to over 300,000. the jobless rate at 4% even. odds are the federal reserve will not be cutting interest rates in the near future. that's my opinion. right now treasury yields are rising. the 10-year closing in again on 4.5%, you're at 4.49. the 2-year right at 4.25%, 4.26, to be precise. now, the dow industrials likely to open with a very, very small gain. you're up maybe 50 points, fractional gains for the s&p and also for the nasdaq compos if set. composite. check out amazon. they are upping the ante on 5679i. spending -- a.i. spend i0 billion. the stock is down about about a $6, that's 2.5%. bitcoin, latest quote i have is
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$98,000 and change, 98,9, to be precise. drama in d.c. usaid has around 10,000 employees. that is going to shrink to just 294 when the doge cuts hit. that's draconian. the democrats call it a constitutional crisis. they're going to court to stop it. a federal judge has paused the federal worker buyout plan. another federal judge has a limited musk's access to the treasury payment if system. the president, he's pushing a couple of tax changes. one of them may not be popular on wall street. he wants to end what's called carried interest. it means that general partners in hedge funds or private equity will no longer pay a low tax rate. another change increases the state and local tax deduction known as s.a.l.t. this afternoon, 3:if 30 eastern, trump talks to the president of panama ma. this could be a confrontation. trump wants an end to china's influence on the canal, panama says they don't have much influence.
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on the show today, i'm going to call it a tale of two cities. in d.c. the democrats take their anger at elon musk to the streets. their language is enprogram in story. hatred is kind of ugly. but in new orleans the president attends the super bowl. he will be loved by the crowd , and there he'll be the center of attention in front of well over 100 million tv viewers. it's on fox. friday, february the 7th, 2025. "varney & company" is about to begin. ♪ ♪ it's finally friday p i'm free again ♪ i've got my motor running for a wild weekend. ♪ muck. stuart: finally friday. yeah, you can say that again. [laughter] the news is coming so thick and fast these days, that by the the time you get around to to a friday -- lauren: feels like friday on a tuesday. and it looks like summer, but it's freezing. stuart: it's more mild today.
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just a little bit, anyway. a federal judge has delayed trump's federal employee if buyout offer. morning, lauren. when's the new deadline? lauren: monday, 11:59 p.m. a federal judge intervene ising as a lawsuits by labor unions are considered. the judge scheduled a hearing to hear them on monday. in the meantime, 60,000 federal, workers have accepted trump's buyout offer. that's about 2.5% of the federal work force, and this at usaid. reuters is reporting 97 job cuts. the agency that -- 997% -- 97. the agency is expected to keep just 294 workers out of a staff of 10,000. stuart: i think you could call that draconian, and i have. and i will. thanks, lauren. jason chaffetz with us. trump's making massive changes, and the democrats are calling it a constitutional crisis. jason, is it really a constitutional crisis? you know this stuff. >> no.
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the democrats have a political crisis. t t not a constitutional crisis -- it's the not a constitutional a crisis. what is a crisis is that we're paying close to $3 billion a day, we're approaching that number, on interest on our national debt. did they forget that we're $36 trillion in debt? you condition keep going in perpetuity. when you go to work for the federal government, it is the not a lifetime scholarship. there's some good that usaid a does, but i can tell you as the former chairman of the oversight committee, there's so much waste, fraud and abuse. this is not money that's going to americans, this is the money that's going overseas to places that, quite frankly, we can't always a help in perpetuity. stuart: do you sense that voters support trump on this or support the democrats on this? >> oh, yeah. if no, this is exactly what they elected donald trump to do. 10,000 people? if are you kidding me? how many companies have 10,000 employees to just hand out money? now, there needs to be
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some oversight. they're not counting all the contractors and all the people that are working for these ngos and everything. when you start to look at that a number, it just becomes astronomical. and look at the grift. look at all the waste, the fraud and abuse, all the things that are highlighted where they've wasted the american taxpayers' money. they are going to reevaluate this. marco rubio taking it under his wing there at state department. it's got to be in the direction of helping the united states of america and the world with our overall mission. we've dot if to the stop somewhere -- we've got to stop somewhere, and this is a good place to start. stuart: jason, i think we have found a common sense democrat. listen to what pennsylvania senator john fetterman had to say about his fellow democrats. roll it, please. >> i think their primary currency was shaming and scolding and talking down to people and telling them, hey, i know better than you or you're dopes or you're a bro or you're
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ignorant or, you know, don't yoe this dumb? when you're in a state like pennsylvania, like, i know and i love people that voted for trump, and they're not fascists. >> how do democrats win back white men like yourself? >> i don't know. and, truthfully, i'm not sure that's possible, to be honestment. stuart: jason, seems like a common sense if guy. is he now almost leading the party? >> well, he seems to be the voice of reason on the democratic side of the aisle. for months now i've been highly impressed, i gotta tell you. now, a true democrat, i think, has lost their way. your dadty's democrat, that's long gone. and so common sense has gone almost 100% over to donald trump and the republicans. that leaves the democrats on the opposite of common sense. i think that's what fetterman's talking about, and i think there's a lot of truth. democrats today, they don't offer a solutions. or what are their ideas other
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than what fetterman talked about can haves just shaming people? stuart: highway, you got it. -- other than just shaming people. i want to to get back to that jobs report, 143,000 jobs added in the month of january. lauren: that headline number was disappointing. it could be attributed to the wildfires and the cold weather, but november and december revised higher by a combined 100,000 jobs. and then the unemployment rate in january fell to 44.0% -- 4.0%. wages rose, 4.1% annually, that was much more than expected. that gets you to $35.87 an hour. let's show you where the jobs are. you can see the bulk in health care and social assistance. retail up 34,000 in a month where the hold day hires are typically let go. government government still lost jobs, mining lost jobs, so did professional services. stuart: got it. thank you, lauren.
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kenny kenny polcari with me, this is kind of a nothing report on jobs as far as the market's concerned, right the in. >> i agree. look what's happening, right? the futures not really sure which way to go, so they're churning. like lauren said, the revisions higher for the last two months, you're kind of in the same spot. i think today's report is not a big with deal at all. the only thing i think that you have to look at is wages which were, you know, stronger than the expectation. i think this does nothing for the fed. i think the fed remains on hold. and, you know, i'm in the camp that we don't get any rate cuts this year anyway. stuart: okay, got it. kenny, stay where you are, i'll be back to to you in a moment. amazon is down after the latest earnings report came out. it's down about $6-7, there we go on the screen, 2.8%. okay. what went wrong? if. lauren: they said sales this quarter would be shy by about $3 billion of previous expectations. and they said their cloud sales at a aws, they rose just 19%.
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that means amazon joins google and microsoft with that disappointing cloud revenue. the companies are blaming the lack of capacity to meet demand if for a.i. services. still, they are spending on a.i. if did you see amazon's cap-x forecast for this year? mostly for a.i., over $100 billion. stuart: that is extraordinary. lauren: it was $75 billion last year and now they're spending even more despite deepseek. stuart: look at this, lauren, the "wall street journal" headline for you, tech giants double down on their massive a.i. spending. just look at the numbers. this year microsoft spends $80 billion, google, 75 billion. meta, $655 billion. and as lauren just said, amazon, $-- 100 billion. most of it going to a.i. come back in here, kenny. do these companies really need to spend this much on a.i. when china's doing it on the keep? >> i don't think -- see, that that's the whole point. i don't think china's doing it on the cheap.
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i don't believe a thing china a says in the first place, and secondly, we've got these four massive companies plowing this much money into it, it is clearly the future. clearly, it demands it. i don't think china's doing it on the cheap at all a, but i fully support what the u.s. companies are doing because i do think it, clearly, is going to be the future. stuart: i think investors want to see the bottom line improved at these companies spending hundreds of billions of dollars. >> well,, for sure. that is true. they do want to see is it. but i do think that that they need to spend if it. look, amazon said there was going to be the insufficient electricity to even run all these data centers, right, that they're talking about which then speaks to the amount of demand there is out there. i think the money's going to follow. stuart: we'll see. kenny, thank you very much, indeed. we'll see you again soon. coming up, bill melugin reported on this program about the i.c.e. raid in aurora, coloradoing or that was leaked. border czar tom homan says he's already cracking down on that a problem. >> this is not a game.
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when we show up at these sites, this is a dangerous job for the men and women of i.c.e., and we've already identified how this got leaked. i'll deal with that today. stuart: you'll get the full comments later in the show. california's governor newsome was a vocal critic of trump but now, oh, he's changing his tune. >> he was very gracious to accept the meeting if very short order. we extended an open hand, so it was incredibly productive. stuart: i know our california guy, steve hilton, has a lot to to say about this, and he will. donald trump wants to make sure he can extend his tax cuts, but republican in-fighting could threaten the plan. kevin hassett, he's going to tell us how trump plans to get the gop in line. kevin's next. ♪ ♪ we must stand together puck ♪ i'm thinking of updating my kitchen... —yeah? —yes!
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stuart: the deadline for federal employees to accept trump's buyout offer has been pushed back to at least monday. hillary vaughn coming on the show from capitol hill. how many more people does doge, expect the take the offer? if. >> reporter: stuart, we don't know, but they're hoping that more do because that would help them get to their goal of significantly downsizing the federal work force by at least 5%, ideally as much as 10% without having to do layoffs. right now about65,000 people have taken the buyout offer and have is resignedded. that's only about 3% of the federal work force. a u.s. district court judge pushing the deadline to accept the offer to monday where there will be a hearing. the white house is celebrating that delay because they say it buys them more time for people
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to take the buyout. white house press secretary karoline leavitt saying, quote, we are grateful to the judge for extending the deadline so more federal workers who who refuse to show up to the office of can that take the administration up on this very generous, once many a lifetime offer. musk this morning detailing how much money he thinks can be save for every federal employee that quits saying fully loaded, average costs for a federal employee including benefits is $250,000. also private contractors used and purchase orders issued are proportionate to head down, so a useful rule of thumb is probably closer to $1 million per federal employee of costs saved in fiscal year 2026. as elon musk is racking up savings for taxpayers, democrats are ramping up their calls for him to be fired. >> why in the hell were a bunch of kids who are not even legally old enough to rent a car given access to americans' private information? the law is clear -- >> nobody if voted for elon
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musk. nobody voted for his hack thatters. >> we don't know when and on whom the musk-trump axe will next fall, but we are rye thing to do manager about it -- trying to do something about it. >> reporter: and, stuart, some is democrats are axing themselves from the doge caucus. stuart. stuart: hillary, thanks very much. white house national economic council director kevin hassett joins me now. >> great to be back, stu. stuart it's great to see you again. you have always got a great smile, and that's a fact. [laughter] at the end of the day, are we going to get the cuts in spending that doge has promised? it may be a way off, but at the end of that a day are we going to get it? >> you know, the president is 100% serious about deficit reduction. it's one reason why elon is on the team. and we've been overwhelmed with the positive response of elon's efforts. elon is the hardest working guy i've ever seen. his office is actually two right
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next to mine or close to mine -- [laughter] and it's impossible to, like, be there however late you are without elon working there when east in town. i've got to say he's find things that need to be fixed, and he's fixing them at really light speed. and there's going to be so much savings because of what doge is doing that you should be really, really excited about it. we need to stop doing really stupid things so that when we spend our money on the good things, the the things that really matter, that this a we've got more of that that. and that's why elon is doing what he's doing. stuart: i want to get to the all-important extension of trump's tax cuts. republican in-fighting, we are told, is threatening the extension of the tax cuts. will mr. trump be able to get everybody in line? >> you know, president trump and the very, very top people at the white house including the vice president met with house leaders yesterday. and some of those meetings lasted hours and hours so that everybody could be heard,
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everybody could say their piece, and then they could work together with help from the president and the vice president to get a deal. and there really was an enormous amount of progress. and it's one of the things a the that, stu, i guess you and i have been here a long time -- not me in the white house a long time, but we've been around a long time. and i'm not speak as a white house guy now, just a guy that's lived in washington for 40 years, anytime if there's a bill about anything, there are always people who want to say this, that, the other, i'm not going to vote for if it unless i get my thing, and that's normal politics. so calling normal politics some disastrous in-fighting, i think, is inaccurate. what's going on is is the president went there, and he showed clear leadership. he identified what he wants to do, and the people in the house were convinced by his arguments and the vice president's. so it's -- i thought there was an enormously positive gain yesterday in that space, and i'm very, very confident that what we want to happen in the tax space and in immigration space is going to happen and, ultimately, become law this
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year. stuart: let's talk tariffs. you've said that this is not a trade war, it's a war on fentanyl. wouldn't it be relatively easy for china to backtrack on fentanyl just a little to prevent the tariffs and get some kind of compromise going? relatively easy for china ma to do that, wouldn't it? if. >> you know, we'll see. the fact is that the president took an amaze paing action -- amazing action to let everybody or know in canada and mexico and china that it's 100% unacceptable to americans that 90,000 people died of fentanyl if while our neighbors and china were either helping or looking the other way. and that was completely unacceptable, and he uses tariffs to get them toable and if achieves a heck of a lot. and it's in the that he achieved it for himself, he achieved it for the american people. there will be many, many fewer deaths because of the actions
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that president trump was able to negotiate with our partners. whether china helps is, you know, it's a thing that we'll have to keep watching. but if they don't, then they're going to have a 10% tariff which'll raise way more than half a trillion dollars over ten years if it stays on forever. stuart: kevin hassett, always a pleasure. great to see you again. >> good to see you too. stuart: yes, sir. thank you. trump's epa has placed employees from the environmental justice program on leave. all right. how many are we talking about put on leave, and what's the significance of this this? lauren: about 170. well, they worked in the department that reduced environmental harms to poor or minority communities, and some of them worked to administer the $3 billion in grants under biden's inflation reduction act. so these are the type of jobs that are wrapped up in president trump's efforts to end diversity initiatives across federal government. so it's hitting the environmental justice team at the epa. stuart: it's everywhere.
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make more of what's yours. stuart: three minutes to the opening bell. some green, not much on the board. mark mahaney is with us. mark, i've got to start with uber. i'm giving up on it. i'm selling. but you, i believe with, are holding your price target at, what, $115 a share? if uber's now $70? >> that's right. well, stu, i'm sorry to hear that you're giving up on it. the stock is up 16% year to date, so it's the outperformed. we had a 7-hour trade-off on the stock post the print, but then it galloped back up because we had pretty good december quarter earning. top-line results came in better than expected. or margins continue to increase while we had a quick expectations correction that the market largely bought. you know, people stepped in and bought the correct. so you've got one of the best performing stocks year to date, and i just think there's a lot
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more ahead. the big test is going to be the rollout in austin and atlanta. look, waymo, under uber, is coming to austin and atlanta next month in austin and by the june quarter, the end of june in atlanta. and i think uber's going to be able to prove then that it's part of the long-term robotaxi solution are. so i like uber. of i think we've got a lot of upside still in the stock. it's still, for me, the the best dislocated high quality name -- stuart: okay, you've convinced me. i'll stick with it. i'm not selling just yet. [laughter] it's all your fault. amazon. the stock is down this morning. they're spending $100 billion on a.i. any change to your amazon target price? >> no. we kept it where service. look -- where it was? look, aws, the cloud computing growth rate remained very consistent. these retail operating margins reached record high levels. a lot of that's due to automation, but just a lot of efficiencies ask their scale in the business. let's see.
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the real disappointment was in the march quarter guide, but, you know, you have a lot of one-time issues or comp issues affecting march quarter including currency which is a big issue for all a of these names. look, i prefer to buy this, i like buying this on this kind of correction. it's not that much of a correction, it's not that dislocated, but i think it's a high quality compounder. i'm sticking with amazon. stuart: okay. you've got 30 seconds to tell me why google will go to $205 a share. >> google was a little bit, the three that was kind of the biggest disappointment. so the cloud revenue growth, unlike amazon, cloud revenue growth at google decelerated sort of sharply which is a surprise. they say they've got supply constraints. if that's true, we should see a reacceleration in cloud growth, so i'm kind of on the sidelines, i want to figure out that a question, but i continue to like the stock trading at lore than the market multiple. stuart: all right, mark. next time i see you, we'll update my uber stamps.
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we shall see. thanks, mark. see you on the weekend -- have a great weekend. the market's open, and we've opened with very little price change. dow industrials down, what, 4 points, 90 points, that's your lot -- 9 to points. s&p 500 opening dead flat. i mean, there's virtually no change there whatsoever. and as for the nasdaq, pretty much the same story, dead flat, down .06%. let's have a look at big tech, check them out, please. meta, microsoft, up. apple, alpha a bet, amazon down. i want to look at tesla. they're raising the price of their model x i, i believe, in the united states. first of all, tell me by how much. then i want to hear about tesla's sales in china. >> okay. yeah. so first in the u.s. they're going up by $5,000. it's now going to be about $85,000 up from to 80, and this comes after they increased the model s last december, remember also by about $5,000. the timing is interesting
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because as you mentioned, we also got an update on the chinese-made ev sales from tesla. those are down about 11% year-over-year in january. so is this a question of losing market share to other big chinese evs, or is there something else going on? stuart: okay. let me see apple, please. i believe they are updating one of their iphone molds. not much change to the stock. which model? >> the se which is the cheaper version. yeah, i think when they released it a couple years ago, it was $429. at least it's not the $1,000 phone, right? we are hearing maybe next week we'll get firm details. maybe no home button. a camera at the top, and most importantly for the e.u., a usb port because, remember, you now have to be able to sell phones with that usb port in the e.u. to comply with those rules. if also a really importantly they actually may use their in-house modem instead of the
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qualcomm chip. stuart: meta's chief executive, mark zuckerberg, he was at the white house yesterday. do we know why? the stock's up. >> yeah, you know, this is a little gobbledygook. to discuss meta's role in helping international leadership abroad. they want to help defend in advance american tech leadership both here and abroad. stuart: ah. he wants trump to help him in europe. [laughter] i read between the lines. why not? trump also met with the ceo of u.s. steel. do we know what came out of that meeting? the president is meeting with japan's prime minister later today. >> bingo. so they want to probably have some conversations about u.s. steel, trying to make sure they get the deal done with nippon steel which, yes, is owned by japan. we don't have any firm ideas what came out of that meeting, but the timing of that meeting, before the japanese prime minister comes to visit, is not lost on us. stuart: social media company pinterest. when when i it's surging, i mean it. it's really surging. look, i'm not surprised because i've seen some numbers here. they have got 535 million
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monthly users. >> i know, right? who knew? if tiny, little old pinterest. fourth quarter revenue i and as you mentioned, really strong user growth. they're up to about a $115 billion in -- 1.15 billion in sales. and monthly active users was up11% year-over-year. to see ego said, basically, our strategy is paying off. -- ceo. people are coming to pinterest more often, and it really is a focused use orer base for advertisers. if. stuart: now, we spoke earlier about amazon's earnings. the stock is down this morning, it's down 2.3%. tell me more. >> yeah. basically, guidance is what disappointed. they're looking at revenue of about $151-155 billion. analysts wanted revenue of $158 billion. again, this is the world's largest cloud provider, and and as mark mahaney said, they struggled to meet a.i. demand, and so that's hurting them a little bit until they're able to
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meet that. stuart: okay, the dating app tinder, i'm told -- [laughter] >> you're told. stuart: yeah, i'm told they're planning to use a.i.. you want the explain that? >> they're trying to reverse what has been a big decline in user growth, and remember this is the company -- match owns tinder -- that pretty much patented the swipe. they came up with that, right? swipe right for yes, swipe left for not. i think that's how it goes. they're saying they may no longer need the swipe because they're going to have a.i. bring you a personalized, curated list of, they think, really good matches for you. you want to try it? if. stuart: not. [laughter] i'm just intrigued, that that's all. i want to talk about costco. they're paying their executives if they hit dei targets. that's interesting. what are they paying them to hit the target? what do you get? >> last year the ceo got $93,000. almost six figures for hitting -- stuart: that's just for hitting that target, the ceo. >> -- for certain climate and
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dei targets. yes, indeed. and, remember, this is a company, costco, that's actually doubled down on dei even though a lot of other companies have reversed their stance. stuart: okay. costco's at $1,050 per share. e.l.f., they're a makeup company. i yet it, eyes, lips, face. >> looked at a you, wow. stuart: i know this stuff. why are they down 26%? >> they lowered their outlook for the year and highlighted soft january sales. so soft that, as you mentioned, the stock is down 27%. this is a company that's seen their shares go down 50% in the last 12 months. they have a big turn-around ahead of them. stuart: ouch. why is expedia up so much? st it's up 15%. >> yeah. we're that traveling. and we're traveling internationally much more than we are domestically. the ceo said they're seeing really strong travel demand in the asia-pacific region, even in europe and actually even more importantly for the stock, they reinstated their dividend that
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they had paused back in 2020 during covid when no one was traveling. really they said travel demand has been really strong despite price increases. stuart: well, you know, the dollar is at a-- 2-year high. >> pays to go abroad. stuart: thanks, taylor. have a have a great weekend. >> you too. stuart: democrats gearing up to go after elon musk and get him out of the government. watch this. >> we are going to use every legislative, judicial and public pressure tool at our disposal as a members of congress until we fire elon musk. stuart: i don't get it. why are democrats opposed to musk cutting wasteful spending? senator ted cruz is going to take it on later in the show. the big game, sunday. president trump will be there making him the first sitting president the attend a super bowl. nfl legend joe theismann joins us next. ♪ gonna get the good times started. ♪ we've got the teams on the field and we've turned up the
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lights -- mum mum all my rowdy friends are back for monday night ♪ 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.
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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. 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.
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stuart: it's just two days away, the super bowl. the chiefs against the eagles matt finn is in the host city of new orleans. all right, matt, if the chiefs win, they'll be the first team to win three consecutive super bowls. do i have that right? >> reporter: that is correct. and this is really a game of revenge for the philadelphia eagles because they lost in the super bowl in 2023 to kansas city. now, stu, over the past couple days these streets have been filled with fans. right now it's 8:40 in the morning, some people may have just went home a couple of hours ago a, but give it a little bit, and bourbon street will be slammed all over again. we're talking to people from all across the u.s., fans from florida, georgia, virginia, california and beyond. some are just here the cheer on
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their team while others already bought tickets or are considering buying ticks. here's a handful of fans about whether they're actually going into the game on sunday. are you going to the game? >> i am going to the game. >> reporter: you pay a pretty steep price? >> well, i got a hook-up. >> reporter: are you going to the game? >> i am a. >> reporter: did you pay a pretty penny for a ticket? >> it's $3500, and i'm not -- i don't have good seats. i've got bad seats. >> reporter: you're in there, that's all that matters. >> i'm in. >> no, i'm retired. we'll watch it on the couch. >> reporter: now, stubhub's latest data shows the average ticket price is $7100, but you can get in for about $2600. and adding to the excitement and security here, president trump is expected to attend the super bowl. he'll be the first sitting president ever to attend the big game. kansas city chiefs' star tight end travis kelce says he considers it an honor which brings us to a storyline that is
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hard to ignore here, stu, superstar taylor swift is expected to attend attend the game on sunday. we have no confirmation, so we'll keep you updated. stuart: that's the headline, all right. matt finn, thanks very much, indeed. president trump went on truth social to give his take on super bowl. he called chiefs' tight end travis kelce the best tight enever. he confirmed he will be doing a pregame interview with our own bret baier. look who with's -- who's here now, former nfl quarterback joe theismann. you've been a stranger to the show. it's great to have you back on again. >> stuart, thank you for inviting me back. i've always appreciated the time we spend together and the conversations we have. great to be back with you. stuart: travis kelce is catching flak for saying it'll be a great honor to have trump in attendance. why is that the controversial, joe? >> i don't understand why having the president of the united states attend an event and consider it a problem.
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i think this is one game, hope any -- and, of course, taylor's going to be there too, but politics should be put aside. president trump is a tremendous football fan. he was a part of the usfl. he was at the army-navy if game, which i happened to attend this year chft a tremendous honor, and we know how big a fan he is. just let the fans enjoy it. everybody going there is a fan, let him enjoy it as a fan. same thing with taylor, let her enjoy the support of travis and see what kind of football game they have. it's a pretty important little piece of jewelry. stuart: i can't wait to see the crowd's reaction when the president of the united states first appears. i'm convinced there will be chants of usa rippling around that stadium. you think? >> i do. i do. because, like i say, when i was at the army-navy game -- stuart: yeah, that's right. >> -- and they showed the president's picture, everybody applauded. i mean, the place just erupted as if someone had, you know, run
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back a kickoff for a touchdown or scored a touchdown. there was a tremendous a amount of enthusiasm. stuart: yep. >> for if president trump at that game. and i fully expect it at a this one. stuart: got it. if listen to what tom brady had to say about kansas city chiefs' defensive coordinator coach. watch this. >> he's a phenomenal defensive coach, and he -- i said earlier in the season, he's the bain of my existence -- bean -- bane of my existence. he's going to put a lot of pressure on those guys to be right in their communication all the time. possession of the football, to me, is going to determine the outcome of this game. stuart: joe, i'm not sure i understand all of that. [laughter] i don't know what that's all about, what brady thinks of the chiefs' defensive coordinator. why don't you just give me your prediction for the super bowl. who's going to win? >> i'll put it in layman's terms for us both. tom's basically saying steve spaing if knoll la made it very
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difficult for him to have success -- spagnuolo. when i watch this game, i'm going to be a little bit different than most people. i'm going to watch the offensive line of the philadelphia eagles existence the defensive front seven of the kansas city chief -- against the defensive front seven. and steve spagnuolo has done a tremendous job adjusting to what he needed to make sure that, for example, in this game he's not going to let saquon barkley just take off and run. i would look for kansas city to put a lot of people around the line of scrimmage and make jalen hurts throw the football. there's so many different, little storylines inside this game, stuart. it's fun. you could sit down and dissect it a thousand ways, but it's really going to boil down to who a's going to wind up with the most points at the end. stuart: that's what it all boils down to, to me. if i ever gamble on a game, i play the over/under total. i believe at the moment it's 48.5, and i propose to play the
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over. what do you say to that, joe? >> i, i'm looking at the under. i'm basing it off of the last super bowl that these teams played. i believe kansas city won 23-20, something like that. the number's going to be close in all likelihood, but if it goes over, you've got to be believing that the defenses aren't going to do the job that they're supposed to. if it goes under, you know, this is pretty much what you -- i expect. i expect it to be an under game. stuart: i think i understand what's going on now, i think. thank you very much, joe theismann. you help me out every four years. it's just terrific. thank you very much, indeed. joe, you have a great weekend. see you at the super bowl. you can, indeed,, watch super bowl lix on fox, and bret baier will interview president trump ahead of the game, 3 p.m. eastern sunday. elon musk, oh, boy, is he plowing through government departments to a degree never seen before.
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cue the hysteria. the democrats see their power crumbling. donald trump wants to investigate california's failing high-speed rail project. he wants to know why it's so far behind schedule and massively over budget. full report next. if. ♪ ♪ your best defense against erosion and cavities is strong enamel. nothing beats it. i recommend pronamel active shield because it actively shields the enamel to defend against erosion and cavities. i think that this product is a game changer for my patients. try pronamel mouthwash. investment opportunities are everywhere you turn. do you charge forward? freeze in your tracks? or, let curiosity light the way. at t. rowe price, we ask smart questions about opportunities
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[laughter] stuart: i like that graphic, or california screaming. listen to this, the california high-speed rail project is years behind schedule and billions over budget. president trump wants to investigate. max gorden with us this morning. when is the new proposed date of completion, max? >> reporter: hey there, stu. well, or originally this project was supposed to be completed back in 2020, but as of now there is no firm completion date. now, president trump had some pretty harsh words for the project earlier this week. take a listen. >> the train that's being built between los angeles and san francisco is the worst managed project i think i've ever seen, and i've seen some of the worst. it is the worst thing, and we're going to the tart an investigation into that because
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it's not possible. >> reporter: the project was green lit by california voters or in 2008 with an expected cost of around $33 billion. the latest estimates put the final tally at around $130 billion. still, with no timetable in sight for a full connection between san francisco and l.a., president trump's longtime political foe, california governor gavin newsom, doubled down on his support of the project last month. >> to the cynics that are filled with cynicism that stand on the sidelines and don't engage, we're here making work. we can't go back. we just have to accept responsibility of where we are, and that's exactly what we are doing. >> reporter: the california high-speed rail authority says so far $13 billion has been spent on creating 171 miles of rail line in the state's central valley, and despite critics questioning how the money's been spent, they say every dollar is
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reviewed by the independent office of the inspector general. now, the rail authority did respond to president trump's comments this week, and they said on x, ignore the noise, we're buzzy building. -- buzzy building -- busy guilding. stuart: dow's up 60, nasdaq up 5. -- 53. the 10-year treasury yield at 4.49 right now. the price of gold retreating from its record high just a little, it's just below $2900 an ounce. how about bitcoin? up and down in this week. right now just below, just a fraction if below $100,000. do we have dow winners? yes, we do. headed by cisco systems, ibm's on the list again, up again. nvidia reaching $130 a share. if visa, 350. goldman sachs, up 449.
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the s&p 500, where are the winners? expedia, a 17% gain. take two interactive, a 14% gain. super micro computers, 6 percent. monolithic power systems, 5%. palo alto networks, 5%. there's some winners there. the nasdaq composite, take two at the top, palo alto networks, booking holdings, 5% gain. airbnb is up 3.7%. zscaler up 2.3%. some big winners. still ahead, senator ted cruz on the influence china has on the panama canal and what president trump's going to do about it. dr. marc siegel on the possibility that trump's tariffs could make it harder for people to get their prescriptions. the "wall street journal"'s kim strassel on trump's strategy of speaking loudly with a big stick. pennsylvania congressman dan meuser on whether trump will be able to get everything he wants on taxes. the 10:00 hour of "varney & company" is next. ♪ if. ♪ -- for this body of mine,.
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