>> republicans right now are treating americans like they

have brains, okay, and democrats are treating them like they're kindergarteners at story time. >> the whole doge department and republicans are doing what they used to do and finding all the outrageous examples of abuse and wasted money. >> everything out of the administration is market moving and we've seen it over and over again. >> got to remember, we have a labor shortage in the country and bringing manufacturing back at the snap of a fingers will take a long time. >> biden administration had 68 executive orders exclusively attacking alaska's ability to produce energy and easy to say the biden administration sanctioned alaska more than they sanctioned iran. >> david, are you tired of winning because i'm not. this has been incredible. it's the best month first month of any presidency. seems as if president trump has more accomplished in four or five weeks than joe biden did in four years. ♪

david: how can you not like that? no matter the age, it's such a good song. i'm david asman in for stuart varney. checking the markets, they were really hit hard by the news of the ppi for the price index going to be cbi and markets took that hard and rates went way up and ten year rates up 13 basis points and today the rates are coming down and look at markets, dow up 98 and nasdaq up over 200 right now. show me tech. let's take a look at tech taking it. one in the green for moments or hours ago. they're all in the green right

now. 10 year treasury going to go up about 13 basis points at one point. down about 4.54. still highly elevated and not moving so quickly to the 5% level. president trump is claiming his administration discovered widespread kickbacks within the federal government. listen. >> there's no chance there's not kickbacks or something going on when you give millions and millions of dollars to somebody that stands to look at something for 15 minutes and walks away with millions of dollars, that money is coming back in some form and that's only one form of corruption. biggest thing is what they do is they're taking massive amounts of money and spending it on items and i went through a list of 200 expenditures made, and i found three that looked like they were reasonable.

david: marc thiessen joins me now. you're a dc animal, you live in the area and know the people. you've not gone native. >> i'm from new york. david: you're from new york and haven't gone nate and i have remain objective and look at all this. do you -- have you seen signs of this of actually kickbacks going on within the federal government? >> well, >> so what's happen sergeant gao, reported last year in 2023, th there was $236 billn in improper payments throughout the federal government. of that, 175 billion money paid to individuals who either were deceased or didn't -- no longer qualified for government payments and 44.6 billion was

money they couldn't account for. that's three times the budget of the department of education, three times the department of the budget of homeland security. that's half of all corporate taxes that we took in. it's mass i. prone only the tip of the ice burg and estimated 2.4 trillion in improper payments over two decades and we don't know where the money is and what dodge is doing and elon musk is -- doge is doing and elon musk is doing is lifting the rocks and finding out where the money went. if they're losing $46 billion a year, they don't know where it went, he's going to find out. the american people should support that. david: he's doing forensic accounting that should have been done a long time ago and we're finally getting it done. i say good gone, go for it. next one, mark, democrats are

working with democrat constitutional crisis. roll it. >> many outlets have been fear mongering the american people to believing there's a constitutional crisis taking place here at the white house. the real constitutional crisis is taking place within our judicial branch. where district court judges and liberal districts across the country are abusing their power to unilaterally block president trump's basic executive authority. we believe they're acting as judicial activists rather than honest ash torrs of the law. arbiters of the law. >> these are democrats that applauded joe biden when the supreme court declared his half trillion dollar student loan

fore giveness unconstitutional and he said i did it anyway. they didn't stop me. they said go, joe. go for it. these are the people that acted, donald trump hasn't defied a court order and will follow them disagreeing and appealing them. this is a bit hypocritical to say this is abiding by bad court decisions and defied a president when he defied the supreme court. david: marc thiessen, thank you so much. thanks for being here. >> great to see you, david. david: a busy market and absorbing and digested the information about ppi being way up. look at nasdaq down there. it's now up 250 and well over percentage point gain and 215 point gain. ray wang here in new york. i want to talk about intelligent

companies beyond nvidia takinged advantage. you like sis sew, why? cisco. >> that's getting to ai and that's the stuff that makes connectivity and data move between the data centers and seeing a lot of growth and business and not just that. they gave a better forecast for the next quarter, which is what the market was looking for. david: we have a huge soap opera play out concerning openai and two former partners, one of which is working in the white house. i'm talking about elon musk and sam altman wants to take the company private and nonprofit organization and started as that by elon and sam. now they're fighting with each other and elon says he wants to buy it. what is going on there and how does it involve individuals in

the administration? a lot like the vice president were in to all that stuff. >> openai was supposed to be that good ai group that was going to make everything knock advertised and de-centralized and ethics and take that to the markets and everybody can benefit and suddenly they made a lot of money and sam altman is like, okay, we're going to turn this to for profit and a lot of companies left and some wean anthropic and others kent to other companies and elon calling sam altman out saying you can't take a profit off everybody's good work. they made the offer and made the offer for $97 billion and everyone becoming worth $296 billion saying let's go. this is interesting in the california courts you being a nonprofit and how does it play out? david: very quickly, they're giving me a wrap and three sort of groups involved in this and spell it out quickly. >> ai and tech in the government and jd vance and an degree sen and his team and pro china and doug burgum and his team and original og finding it

incredible. david: you're here for the whole hour. >> i am. david: ashley webster is here for the whole hour as well. you've got movers and looking at hanes brands. ashley: yes, the clothing people. down 16.5% and revenue fell short of estimate sales rose 1.1% last quarter and company announcing that ceo will step down by the end of this year ans appointed and lots of changes at hanesbrands and stock down 17% on all this news. next up is sony surging after reporting strong earning ands the company sold 75 million units of the console going for the holiday season and strong performance of the music business and we fertilizer about the music side and streaming

subscription and stock up 6.5%. cvs. there's one on every corner and bank of america lifted its price target to $75 from $63 while keeping the stock at a buy rating and cvs health seeing signs of revitalization and forecasting a 10% earnings growth for this year up 3%. david. david: ashley, thank you. ice following through on worst first policy and arrested migrant criminals with heinous charges including this man from guatemala and captured by ice in boston and set free multiple times de-excite multiple counts of child rape. newly sworn in pam bondi cracking down on the prioritizing migrants over american citizens and she's announcing lawsuits and states

failing to comply with the crackdown and chad wolf taking that on next,. 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 i don't play for money. my ambition is to play big—to help and inspire others. that's why i joined sofi. they help people earn more and save more, so they can realize their ambitions. sofi. get your money right. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our

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david: breaking news right now, the senate is voting to confirm rfk jr. as next hhs secretary. health and human services. we're just getting this in. senator mcconnell, former leader of republicans in the senate is the lone republican vote against rfk and bring you the final tallies and linda mcmahon, department of education secretary might be coming in shortly as well. ice has announced arrests of dangerous illegal migrants with

heinous charges and several released in sanctuary jurisdictions despite ice detainer requests that were ignored by local authorities. bill melugin joining me now. bill, take me through the charges. >> david, it's hard to believe there's jurisdictions that wouldn't cooperate with ice and forcibly raping children and in massachusetts, it's routine. take a look at this case and ice boston announcing they arrested this gwath mallen illegal -- gwath maulen illegal alien and detainer request ignored by the essex superior court and locals released him into the community on bail without any notice to ice. in a statement, the director of ice boston said in part jose fernando perez charged with horrific crimes against a minor

in the commonwealth and he's exactly the type of alien we're targeting with the worst first policy. he poses a significant danger to the children of massachusetts, and we will not tolerate such a threat to our community. ice boston also announcing the arrest of this turkish illegal alien charged in massachusetts with assault and battery against an vector-borne chilly disabled bernadino -- intellectually disabled person and they were ignored by sanctuary city of summerville and released into the public. elsewhere around the u.s., ice seattle arrested this salvadoren illegal and wanted for homicide here in los angeles and ice arrested this guatemalan illegal ayen charged with sexual assault and rape with a gun and in colorado, top ten arrests of illegal immigrants in recent days including several affiliated with tren de aragua and other crimes, violence egregious crimes like kidnapping, child sexual assault and fentanyl trafficking and,

david, i was talking to a law enforcement person in massachusetts about that child rape kase and i said there's got to be a catch here. forget cooperating with ice, how does somebody charged with so many counts of aggravated forcible child rape get bail in the first place? the response is "welcome to the commonwealth of massachusetts". back to you. david: unbelievable. we've seen this for months and months and it's despicable and no other word. bill melugin, thank you very much. attorney general pam bondi filed a lawsuit against new york governor athl kathy hochul and e ag letitia james and they're accused of failing to comply with immigration. >> this is a new doj and we're taking steps to protect americans and american citizens and angel moms like the mom standing behind me. new york has chosen to prioritize illegal aliens over american citizens. and it stops and stops today.

as you know, we sued illinois and new york didn't listen so now you're next. david: chad wolf is joining me now. i see, there's z come up pans for things going on and many democrat new yorkers are shaking their heads when they see these migrants put up money that should be used for citizens who were in terrible tragedies like the north carolina flooding and more putting them up and spending billions at fancy hotels in new york and is it finally over, chad? this nonsense is absurd. >> the admin vagues not going to be funneling for them with the organizations and going for them to have that flames of uic to the cities so they can put them up in shelters and high-rise hotels and the like but, look,

this starts when you have effective policies to not have the influx of individuals coming in to begin with. then having to care for them, transport them and house them. we see at the same time they're clawing back money to some of the groups that the border apprehension numbers along the southern border are dropping to well over 90% and in a short period of time, the trump team will have this under control. david: governor hochul put off her meeting with donald trump after the lawsuit. the bottom line know is new york going broke and for a lot of reasons, people are so fed up with the bad policies here and businesses are leaving on mass to florida to texas and et cetera. she was hoping during the biden administration from bailout after bailout from the fed not getting it anymore. is she right? >> i don't believe she is and this lawsuit by attorney general bondi is really, really important and it's going after obviously their sanctuary status

and they have a green light law passing in the state of new york and allowing illegal aliens to get driver's license and it also stops law enforcement officials from accesses that dmv for vital information. state of new york says they don't want law enforcement to know whether someone is in the country legally or illegally. there's a lot of stuff that's going on with new york city. i dealt with this when i was the acting secretary and good move by attorney general bondi. chad wolf, thank you for this. appreciate it. and markets and ray wong chinese tech giant bydoo going for the companies. >> it's a nap sterling heights moment and taking that and

giving it away for free and advantage of it and happening to media companies in the 90s and 2000s when they came in free and going after ai and there's a point. ai is expensive at the moment and we've got to de-centralize it and make it available for everyone and this is going to create competitive composure. >> too short the nvidia stock and when. david: interesting question. very interesting question with the collision. ray wang, thank you. president trump announcing sensorineural rip robin lou cal tariff this is afternoon. listen. >> the president wants to impose reciprocal tariffs and it's the golden rule growing up, treat others the way you want to be streeted. david: we'll have the full report and big announcement coming up. indiana governor take ago page from doge and focusing on cracking down on wasteful spending in his own state and

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david: very exciting and breaking news from capitol hill. rfk jr. has enough votes in the senate to be confirmed for health secretary to make america healthy again. going to hear a lot of that for the next four years and he'll be the 15th trump cabinet member approved by the senate and senator mitch mcconnell going after tulsi gabbard is the loan republican vote against rfk. the vote is going on but he has the votes to become the next secretary of hhs. we're going to bring you the final tally when we have it. checking the market withs a bad inflation report and nasdaq losing from the highs and still up 189 and dow jones industrial up 133. ray dalio calling for the u.s. to cut the debt and could trigger a economic collapse and that's the way.

going for them to cut to 3%. >> making remarks at world government submit in dubai and why at this point is he bringing it up? we're trying to find out if that's really a conversation point that now is the time to bring down the taxes and bring down the debt and using this as a opportunity with a new administration or influences from other sources of foreign areas and he's actually making a point saying that hey, the u.s. isn't necessarily the power house it is and we'll find out going forward and the main point is the fact that u.s. has a lot of debt and higher than it's been. and people saying can we afford that with this debt. david: thank you, ray. now president trump's announcement on reciprocal tariffs coming this afternoon. hillary vaughn at white house with more on the tariffs and are they a response to inflation? what's going on here, hillary?

reporter: david, this is about fair. this is u.s. products and u.s. businesses more than we're taxing their products and businesses. host taking trade policy back to old school adage. >> it's very simple logic whether the president wants to reciprocate and golden rule growing up, treat others the way you want to be treated, and far too many nations arnett the world ripping off the united states of america for far too long and the president believes it'll be a great policy benefiting american workers. reporter: all the things president trump ticked off the to do list with the first three weeks in office and tariff announcement today might be his proudest moment yet and trump posting about the news "three great weeks, perhaps the best ever but today is the bilge one: reciprocal tariffs make america great again". ". they'll be broader and less

targeted than the ones he put in place like 10% on chinese imports and revived steel and aluminum and tariffs teased against canada and mexico and could impact every trade partner we have on tariffs today. trump said whatever they charge us, we'll charge them. democrats on capitol hill say these tariffs will turn into inflation fuel that will hurt americans. >> donald trump promised so much but his focus was on prices. he said starting on day one, we'll end inflation, make america affordable, bring down prices of all goods. now he's shifted to a new statement that americans will feel a little pain from his 25% trump tariff grocery tax. reporter: david, there's reporting that these tariffs announced today are not through an executive order but a presidential memorandum and u.s. trade representative is going to be tasked with putting these in place and grouping them together, and they're also not

going to start right away and instead be slightly delayed. one reported date has been apri. david. david: hillary vaughn, good to see you, thank you so much. now this, elon musk doge team has successfully cancelled millions of dollars, many millions of dollars, of government contracts that the administration says were a waste of taxpayer dollars. governor mike braun, republican from indiana joins me now. governor, you've got kind of a state-wide version of doge going, don't you? >> just call it i doge. indiana is lucky that it's a place that's got structurally good cash flow. even in state governments, local governments, you can getti crud and bureaucracy and have to stay on top of it. i've been on your show often and the loudest voice when i was there about debt. it's a fiscal crisis, ray is right, i talked about it till i was blue in my face. we don't have those issues here

and i'm asking our own state government that's been run reasonably well to find efficiencies and look to where you can cut 5% and get better out of it and we're finally getting to it in dc, i spent the last six years there, so glad to see that thatplast that's hard to shape and better performance. look how they're fighting tooth and nail and they'll be doing it going with the entrepreneurial government and we'll show how it's done. we'll be good partners in reinforcing what they're trying to do out there. david: one of the big differences is you can't print money the way washington can. so you've got to meet certain fiscal responsibilities, of course, during the biden admin vagues and a lot of blue states being bailed out and immigration really change that had and

immigration in indiana changing that and requiring law enforcement officers to notify federal immigration officials to arrest anybody suspected of being in the country illegally. i'm cheiroyous, this is just foe migrants that committed a crime or is it for even those that were suspected of being here illegally? i know that's a crime, but that alone? >> one of the first things i did was an executive order reinforcing what trump said. if you're here especially if you've committed a crime on top of coming into the country illegally, they're going to find everyone. we're going to be a state that helps them do that. then the question comes up, well, what if you've not committed a crime. you did when you came into the country illegal lie. we're going to have our hands full with just doing the worst first. david: yes. >> because so many looking at

10 million plus invited into the country by the biden administration, it's going to take a long time to get this. i'm glad they're doing it, we're going to be a state that reinforce it is and until we secure the border, we cannot get any of the other reforms done that's a big thing. david: congratulations and best of luck with i doge and sounds like a great plan. best of luck to you on that. now melania trump announcing that the white house is reopening its doors for public tours. ash, come on back in. what's the first lady saying about this? ashley: saying the tours were put on hold but the first lady took to social media platform x saying "the president and i are excited to reopen the white house to those interested in the extraordinary story of the iconic and beautiful landmark, which it is. there's much to learn about the american presidency, first

families who have lived here, and our nation's rich history for the experience of the white house. this opportunity is unique among nations around the globe and a tradition we're honoring for hundreds of thousands of visitors each year". public stores of the executive mansions are scheduled to restart on february 25th. book early because those spots fill up quickly. david: absolutely. welcome jackie kennedy. you're too young. ashley: i remember. david: this just in, trump's pick to lead the fbi and kash patel, he cleared his first hurdle on capitol hill. senate judiciary committee advancing his confirmation to final vote on capitol hill next week. david spunt brings us the very latest from dc on that coming next. ♪

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david: more break news from capitol hill and rfk jr. and the official confirmed as next health and human services secretary of 2024. he's the 15th trump cabinet member to be approved by the senate and final tally and 52-48. mitch mcconnell and only republican to vote no. he said in a statement that his experience with childhood polio, his personal experience, shaded his views and sort of got him in the no camp. we should mention of course rfk jr. said he's not opposed to the polio vaccine. back to the markets, doing pretty well. probably unaffected by this particular vote, but the dow jones industrials up is 34 and s and b up 33 and nasdaq up 74. ray wang, bringing you back. coming back for them and the intel to iphone user in china

and sort of sorting this out if you could. >> one of the big features of getting iphone adoption and going for the next version of iphone is getting ai in there and apple intelligence going to be thwarted from allie baba and access to -- alibaba and access to the chinese market and challenges locals are moving away from american products and this feels coming through and tieups before and apple doing payments and trusted partner going for them to have and in general the markets going for iphone sales and upgrades and people watching for the next two quarters. david: do you trust alibaba, obviously apple does? >> apple trusts alibaba and apple devices locked down on the device, which people can trust the data. david: ray wang, good stuff. coming up, big money show cohost

taylor riggs with a look at what's coming up on the big money show. taylor. >> david, john staffer is like the turn -- john taffer is the turn around artist and washington desperately needs it cutting doge and spending and if anyone knows how it's done and john taffer knows and we're getting comments about reciprocal tariffs and comments from trump as we get them and all of that breaking news. david: good stuff, taylor riggs, thank you very much. now this, donald trump's pick to lead the fbi, kash patel has been approved for final senate confirmation vote next week and he's out of committee now and he'll go to the full senate and david spunt live from the justice department. david, if patel is confirmed, what changes do we expect to see in the fbi? jot biggest, david, he wants to change and make the fbi more transparent and we expect some job cuts and not clear exactly

when that'll happen or where that happens and threat at this point and patel is not present today and this is supposed to normally be committee votes and voting someone out of committee going 20, 30 minutes and two hours today talking about the whole career fighting for righteous causes. he's been representing the accused against the power of the state. >> this patel guy will come back to haunt you. every piece of evidence will show that and it's not democrat evidence and it's his own words. >> changes are long overdo going to confirm patel facing questions from within the bureau and 5,000 people filling out a survey on their work and spoke with the president, david, of

fbi agents association and agencies representing nearly 14,000 active agents across the country and she wants to work with director patel if he's confirmed but is concerned about losing some 3600 probationary employees and that means they've been hired within the past few years and they continue to work on cases preventing sex trafficking, school shooting and work counter intelligence cases. >> these people are all over the country to lose some of them, it harms not just this dc area, but it harms every situation city that we have a field office in, which is everywhere. >> woe are expect ago final confirmation vote on the senate floor sometime mid next week. david. david: david spunt, thank you. president trump is nominating rnc executive sean carrincross as nags nag security director

and only two elected for the agency. ashley: whether there's the proper credentials and previously ceo of pollinium challenge -- millennium going for them and most recently and rnc chief operating officer and was brought in last year to monitor the party's financials leading up to november election and going for rnc going for 2016 campaign but it does not appear he has held any previous cybersecurity positions and that's why questions are going up for the positions with overseas office with more than 80 employees and is the president's principle adviser on cybersecurity matters and the nomination is the senate confirmed position and he'll have to testify before the homeland security committee. we'll see. david: ashley, thank you. house budget committee marking

up the budget resolution and meant to encompass all of the legislative plans and the tax cuts and major step to give trump a boost in his agenda. are we close to that one beautiful bill we've heard about? going to ask ho congressman jim -- ohio congressman jim jordan coming next. ♪ when emergency strikes, first responders are the first ones in... but on outdated networks, the crucial technology they depend on, is limited. that's why t-mobile created t-priority... ...the only solution built for the 5g era, that can dynamically dedicate up to 10 times the capacity for first responders. t-priority. built for tomorrow's emergencies. ready today. (♪)

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david: so house republicans releasing their budget resolution laying out a vision for raising the debt limit and boosting spending on border security markups going on the bill beginning today and house speaker johnson says there's so many steps before president trump sees the bill. congressman jim jordan, one of my favorites of all time, house of judiciary chair committee with me now. i think i was the first person to interview you when you got into congress; isn't that right? >> i think so, david. a long time, 15 years or so coming onto your show. david: one, big, beautiful bill is what the president saying and going for two and are you stilt for one, big, beautiful bill? >> i'm for doing what we told the american people we were

going to do. if that's one bill, two bills, or 100 bills, i don't care. i want to get it done and like the bill put forward in the budget committee going through for the committee and getting that going to each committee when we find the saving ands put it all back together and got the one big beautiful bill and dbroxing for two and i make this job way too complicated. do what you told the voters you'd do if you get e lekked and put your name on the ballot and vote and do what you said and one bill, great. two bills, great. get it done. david: the rules you have to go by are so screwed -- i was going to say screwed up but i said it anyway. the bottom line is we know that the 2017 tax cuts have brought in an additional $1.5 trillion in revenue from kicking in at 2018. it's an extra 1.5 -- 24 particular bill says their extension going to cost

$4.5 trillion. i know you have to do that, but you -- could you explain that to folks that are looking for common sense in the beltway. >> when you let families, entrepreneurs and job creators going to spend their money and create jobs and grow the economy and the growth gets extra revenue to the treasury. we're going to factor in a robust growth estimate and 2.5 to 3%. i think there's a good chance under president trump's policies that we get even stronger growth and we'll put together a pangage and saving money for the taxpayers and running a huge deficit and $36 trillion debt and we need to do that, but we'll put together a tackage telling the voters what we'll do. secure the border and needing resources and keeping tax cuts in place and add additional tax cuts so families keep more money and our economy grows like we

want it to grow, like it was growing four or five years ago when president trump was in office then. david: calling for a sovereign wealth fund by early next year. aye seen in many other countries in the world, sovereign wealth funds leading to tremendous corruption and doge trying to get rid of those agencies within which we've seen this development of a horrible corrupt system perhaps kickbacks and why start another deal mike making for americans that think that. >> i want to see the details and i don't know, again, this would be a new concept for our great country and going to see the details how it all works and like what we see in other nations i don't know.

i'll wait to see the details and what elon musk is doing and find the stupid spend sergeant a good thing. amazing to me. instead of criticizing the stupid spending, democrats criticize the guy that is exposing the stupid spending. i don't get that and i think really, david, boils down to the fundamental difference in the left we conservatives have and we think the power should be with the people and the folks they elect iie the president in this situation. not with the career bureaucrats that are so much smarter, the experts in the government that pretend they're so much smarter than us regular people. i'll trust the guy elected by 77 million when he told us he was going to put this organization together and told us elon musk was going to lead it. i'll trust them over the bureaucracy any day of the week. david: congressman jim jordan, always a pleasure. thank you very much. appreciate you being here. >> you bet, david. david: dime for the thursday trivia question. i have no clue about this. look at low single digit numbers. how many eyelids does a duck

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david: so get this one, before the break we asked how many eyelids does a duck have? one, 2, 3, or four? what do you think?

>> back to eighth grade my are growth -- biology, i will say 3. ashley: sounds like beginning of a dad joke was i was going to go with three but i will go a four just to be different. david: i will say two. and the answer is three. you got it. very well done. very well done. what is going to happen with the nasdaq? >> will continue to roar. for the next we 10. the reason for that is big tech behind it and the ai revolution has only just begun. david: you heard it here first. ray wong, ashley, that's it for "varney and company," thank you for watching. "the big money show" starts right now.