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tv   Varney Company  FOX Business  February 17, 2025 10:00am-11:00am EST

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if you could take a wide shot you'd see the people that are joining me singing along with the beatles hello goodbye that was her generation. good morning, everyone let's be clear let's get on with it 10:0y february the 17th, the market closed for presidents' day but the crypto's are moving look at bitcoin it is down this morning 968 is the price, oil right around $70 a roll, 7090, the price of gold looking about, 2916, the limited market action this monday. been away for a week out of the country and what did i see when i return trump the steamroller keeping up an unrelenting pace
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auditing the irs firing immigration judges the gulf of america, mount mckinley, europe on free speech, it is nonstop, what is a democrat response, lawsuits that is it fire up the lawyers to stop everything. that is not good enough. everything strategy means they support leaving everything in place no change. really a legal criminal stay put a tax increase for everyone the border states opening inflation is checked by investigating price gouging you gotta be kidding the climate warriors of trillions of borrowed dollars telling us how to live and fraud and waste in the federal bureaucracy goes unchallenged that's what they stand for they ran the government into the ground docket enough and voters know it. he gets a tumultuous reception at the daytona 500 driving the beast around the track and buzzing the event with air force one. it's trump country but
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nationwide his popularity is rising his approval rating is over 60% in several polls. the last four weeks have been the most dynamic period of change that i've ever seen it nor the media this revolution is popular the second hour of "varney" we are just warming up. ♪ look who is here deroy mur murdock, i'm say the democrats have no answers. and pretty sure you would agree. >> i saw the headline recently that said the trump so far everything everywhere all the time you were gone for a week it wasn't like he took the week off and upstairs in the newsroom we look at each other every hour there is another story together these are all big stories and very popular stuff in the response to democrats let's go to court and law figures and try to tie them up in court i think the democrats have to come up
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with a positive answer especially the usaid studied the government waste this but it is ridiculous we don't need to spend money on sex change operations in guatemala or condoms in afghanistan let's agree on that but on the other hand can we preserve the programs don't touch anything leave it alone it looks like they're in favor of government waste and fraud and abuse and in favor of the illegal criminal aliens continue to run rip across the country they don't agree on anything which means there in favor of everything is trying to stop a lot of things out of the stop. stuart: the new york times says demoralized donors are frustrated with democrats failing and worried about retribution from the president, they are pulling back cash, that is a telltale sign. >> if you do steamroller coming out at 60 mouse per hour would you try to stop it or would you try to get out of the way or jump on board to enjoy the ride
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that's why people like jeff bezos and mark zuckerberg and a lot of the people used to be big democrat donors now in trump's corner hoping to cut taxes and deregulate make things positive for the business and the overall economy. >> i wonder if voters approve of the president himself making money out of his presidency. the coin for example making money there and selling product because he is the president, do you think voters approve of that. >> i don't think they care too much. i think there is so much big stuff going on there focused on that every two or three hours is another big story to focus on the great set of gaza be the small example who saw that coming before the press conference i think things like this is selling coin or trinkets or whatever i wouldn't get to focus on that is up to 54% popularity according to the polls citing maybe even 60% he's never been as popular as he is today. he's overseas for a week. i gotta say trump is the talk of the world. i was in latin america, i don't speak spanish but the word trump
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is all over the place if you sit in a café trump, the man had extraordinary impact over the world. >> at 28 days not even a month it's remarkable. >> exactly 28 days, thank you for being with us is morning it was a pleasure now this democrat senator mark warner delivered a blunt assessment of the party struggling of the election loss what did he say. >> he said they have a bad brand and until they fix it they will continue job problems. senator warner said the party had a real cultural disconnect with the voters and that hendrik hunter handed them the loss in november. here's what he said to politico i think the democrats. is really bad. i think this was an election based on culture and the democrats failure to connect on a cultural basis with a wide swath of americans is usually problematic. think the majority of the party realizes that and they ideologically. he of some of the groups is a recipe for disaster, that
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candidly the attack on over-the-top wokeism is a valid point he also criticizes party for being rigid and said they have a lot to learn from trump and his supporters. >> that's quite a start for that senator. >> it is in the fact that he pointed out that some of the criticism of the woke is in was valid, that says something. >> that's a real change of course, all good stuff thank you for joining us. jeff sica is joining us let's get back to the world of money away from politics briefly. you think that gold can reach $3500 an ounce it is 2900 now. >> this is a legitimate gold rush and i absolutely think you can reach 3500. it's not going to be a straight trajectory to 3500 there will be pullbacks but what i see happening now in the gold market is you see a lot of the central banks are purchasing physical gold and the reason they are doing that they are anticipating
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sanctions in line with the tariffs. countries like china have been a massive fire of physical gold they look at what the u.s. did with russia in the sanctions and we sanctioned them for over $300 billion, that is where the money is coming from. i think we will see more momentum into golden, the story for gold has always been inflation and the dollar. inflation is not going away. inflation being the carbon monoxide of the economy, trump inherited a massive amount of inflation. it is not going away and gold is ultimate. stuart: you know that doge wants to audit for knox. see if the gold is there greed is a conspiracy theory that says it's not there. conspiracy theory until we investigate and audit the thing.
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here's another one i do think that we will see rent rise sharply. i believe that is your forecast, make your case. >> we are in trouble in the real estate and in the housing sector because if you look at the cpi the consumer price index a third of that is for shelter cost what that means is rent here the fed is in a pickle that interest rates have come down but we've seen virtually no impact on inflation and people like myself that build single-family homes and multifamily apartments are looking for interest rates to come down to fund the deals and even if they are able to bring interest rates down a lot of the projects will take two years to get approvals. what president trump needs to do. he needs to lighten up the regulatory environment that we existed. if he is able to do that we can
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build jan like oil drill, drill, drill and for housing build build build and the only way that will happen is if interest rates come down but more importantly regulation. stuart: in the near future you're knocking to be able to build, build, build this is a year or two years in the making. >> i try to build every day and then will go out and try to find a project knowing it'll take two years to get it approved then we talk to the banks and the bank the interest rates are still high, what we see we are seeing a low and building permits. so supply is falling off of a cliff. if supply falls off a cliff you will see rent stay high and you will see housing prices stay high and that does not help anybody. it helps people like me who own these things because there's less supply and more demand and you cannot charge higher rate but what we really want to see
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the help the economy and now with aluminum and steel the tariffs i was on the phone with developers this morning and said how many tons of steel do we need to buy before the tariffs kick in. it's all going to affect us. it is a big obstacle to getting this country where we need to be. thank you for joining us we appreciated. coming up secretary of state marco rubio defended vice president jd vance speech in germany. we will tell you about that later we will bring you the soundbite, trump says he told benjamin netanyahu to do whatever he wants after hamas failed to release all the hostages we will talk to trump's pick for ambassador after that that is mike huckabee, he is next. ♪
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stuart: benjamin netanyahu sent an israeli delegation to cairo to discuss a second phase of the cease-fire deal. greg palkot joining us from tel aviv, what is in phase two. >> phase two is the meat and potatoes of the cease-fire hostage release deal it with see all the remaining 73 is really captives held by hamas freed. at the same time all is really military would have to leave gaza which as long as there are any militants still around makes it a bit hard for israeli prime minister benjamin netanyahu to stomach there is pressure on the government to go forward today marks 500 days since the war between israel and hamas started
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since the hostages were taken captive by the militants which is why there was huge protest today. take a listen. >> it's been 500 days that the hostages that are still alive have been suffering tremendously we see how they're coming out and we hear about the torture they've gone through. people were in front of the israeli parliament in benjamin netanyahu's residence blocking in many want those held released including the trump administration which is putting pressure on benjamin netanyahu to get it done. as for secretary of state marco rubio he left israel and now is in saudi arabia is expected to address president trump's controversial plan for renewing battered gaza the saudi's and others have their own idea. benjamin netanyahu security cabinet meeting today they are set to make some kind of decision on phase two.
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then they will pass them onto the israeli negotiation team which is in cairo at those talks which are ongoing. we will see. president trump spoke with benjamin netanyahu after hamas failed to release the hostages by the saturday noon deadline. watch this. >> i told bibi you do whatever you want because my statement was they have to come back now, the reason i made that statement they said they were not going to deliver the people that they said they were going to deliver and they agreed to deliver and they agreed to do that but they broke the agreement. trump's nominee for u.s. ambassador to israel is mike i can be who joins us this morning. trump says do whatever you want. what does that mean. >> i think it means exactly what it says do whatever you want. president trump has been so clear in saying america stands
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with israel and thus, israel did not start the work, hamas did by massacring 1200 innocent civilians butchering them and doing it in such a way that we cannot discuss the details on a television show it was truly that bad and taking hostage to enter 50 people and holding them in their horrid conditions many who are in the fifth 500 days of the captivity. it's gone on too long. the president lost his patience, he is saying first of all hamas cannot survive a can't, they will. if there is any notion and hamas that they will still be in power and still be able to govern gaza they need to forget about it the best shot would be to surrendert the people who try to live next try to rebuild their life. >> what gets to me is hamas has supporters in the united states
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congress to the state they have supporters i can't work that o out. >> it's beyond comprehension that anybody would understand what they did and what they continue to do in the dresses they make as a week ago saying they need another october 7 and show support for the these are sick people are not the ones in hamas, the sick ones are the ones that know what they did and live in the united states some of whom serve in congress and think it was okay or at least think it was justified that's what we have a real issue in this country and why i'm so absolutely glad donald trump is in the white house and not joe biden who had a schizophrenic policy when it came to israel and hamas. one day he is also israel. the next day he puts more pressure on them to have a cease-fire then he did on hamas to release american hostages
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this was insane and it cost us a lot of time and money in human lives. >> mr. masters secretary of state rubio is coming to jd vance defense after cbs host margaret brennan slammed the vice president at the munich speech you have to watch this. roll tape. >> he was standing in a country where free speech was weapon iced to conduct a genocide and he met with the head of a political party that has far right views and historic ties to extreme groups, the context of that was changing the tone. you know that. >> i have to disagree with you. free speech was not used to conduct a genocide, the genocide was conducted by an authoritarian nazi regime there was no free speech nazi germany. >> to set the record straight free speech because the
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holocaust i don't think so and neither do you. >> i just wonder did margaret brennan is she so stupid she actually believes that or did somebody write the script and she read it off the teleprompter like ron burgundy from anchorman who had no idea what he was reading he just read what was put in front of him that was one of the dumbest things i've ever heard in my life and i heard pretty dumb things on television. for somebody to be a part of what used to be considered the tiffany network where edward r murrell and walter read the news and you have someone saying that free speech was prevalent and nazi germany. are you kidding me if you spoke out against the fear you got a bullet in your head that's what free speech got you in germany. i'm surely she didn't slunk history that badly. i'm going to move on that's exasperating. national security advisor michael waltz says trump is
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deadly serious about not allowing iran to get a nuclear weapon. watch this. >> i speak to what the president has repeatedly said that as iran can never have a nuclear weapon that not only would be exponential fourth israel. i think it would be exponential for the entire world because it could kick off a nuclear arms race in the middle east. president trump is absolutely serious, deadly serious when he says iran could never have a nuke and certainly not on president trump's watch. they are in a rational actor that we cannot allow to have their finger on the button. stuart: doesn't it sound like an attack on iran's nuclear facility is coming. >> either that or they're going to surrender they're not going to get one i think that's pretty clear and you know who's getting a standing ovation to the doctrine everyone else in the entire world who has a brain that includes the people from saudi arabia the amber rathi
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struck the region they understand israel is no threat to them they don't have to worry that israel is going to launch an attack on egypt or jordan or the saudis they're worried about iran. absolutely what michael waltz said in the president's policy i think is crystal clear and whether israel pulls the trigger or it's a combination of nations. i hope the iranian leaders as crazed as they are had enough sense to listen carefully to what's been said. they are not going to have a nuclear weapon. pre-ambassador nominee mike huckabee thank you for joining is always a pleasure. trump wants to audit the irs that means doge we gain access to the tax information of every american. we are following. the bird flu spreading quickly ohio farmer hospitalized with respiratory symptoms we will ask marc siegel if we should all be worried.
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doctor marc siegel joins us this seems to be getting more serious how does it look to you. >> right now i'm concerned about the four people and that there's more than for the have even recognized it's been underdiagnosed and underappreciated at time when a big flu season going on. you could see an exchange of genetic material and mutation and we could end up with human to human transmission. we are not there. i'm more concerned about what this means for the egg industry. get there since 222,150,000,000 poultry birds have died, 100 million are hand laying eggs. the price of eggs which were up to $5 last month are up to seven or $8 now a dozen now because over the past month it's been 20-30 million hand laying eggs. it's decimating the egg industry and there's no sign of it stopping right now.
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stuart: the viewers that may be anxious can you tell us how to prevent contracting bird flu. >> i want to reassure people, i wrote a book on this you will not get bird flu is flu season you want to be concerned about getting flu in the way that you prevent it is to wash your hands and get you very fatigued to stay at home if you're sick or if you have a fever or sore throat to get a rapid flu test we have anti-flu drugs vitamin d is helpful and see all of those are useful. in terms of the birds we have to figure out weather weekend vaccinate the poultry. here's an interesting thing china, france and egypt they have mass vaccination of poultry here we kill the birds and that's not working we need a strategy for controlling this and we need it now. stuart: now it's time for the
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weekly alzheimer's segment there is no research that suggest it could be a single simple cause for alzheimer's, what is it. >> whatever it is you don't have it and i always say that during our alzheimer's segment i do a weekly check in and you like rocket science ahead of me but it's something called a stress granule that affects the neuron in the brain cell and causes it to misfire and not communicate to other nerve cells but i don't think it's a holy grail. i think the answer people to get alzheimer's are laying down plaque in their brain and i think there's inflammation going on in the brain and the good news were getting way ahead in terms of diagnosing early with blood test i think it will lead to early treatment with artificial intelligence it's going to be a combination of different treatments but the stress granule is the new kid on the block you were paying attention to that multifactorial
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we will get ahead of us and you're never going to have. stuart: could i get a blood test for alzheimer's? >> that's always your questions come into a doctor's office near you all be able to get your blood test in the next year to see if you're at risk. stuart: in the next year. okay last one. i gotta get this in due noise canceling headphones hurt youngsters hearing. >> only if you have it on to loud youngsters out there. 80 decibels or more can lead to headaches dizziness and hearing issues but i must point out the noise canceling headphones per tom rowland are ahead of the inner ear and why you it's in ashley known figure this is it's really good for attention deficit hyperactivity order entry disorder and anyone on the autistic spectrum they get you
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to focus in, there is a downside you may miss the extraneous noise around you the kids having trouble focusing it is an absolute win. stuart: the noise counseling headphones does not reduce the noise getting into your head? >> it reduces the noise from outside from around you but it allows you to focus on what you're actually trying to listen to. the concern over time does not habituate the brain to completely stop listening from something coming down the street somebody's blowing their horn and you don't hear it, that is the concern being raised by audiologists in england right now but there's no proof, i want to see more studies in pointing out the benefits. the bad side if you wear them eight hours and on loud you will not listen anybody say hey you it's a combination advantage and disadvantage you should not wear them eight hours and you should not wear them on loud.
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stuart: all remember that. doctor marc siegel we will see you soon thank you very much. back from the nation alum katie thurston has announced she is battling breast cancer, what a shift to say. >> i saw this yesterday. shockey she announced the breast cancer diagnosis on instagram on valentine's day and she said she's ready to fight this the bachelorette star is only 34 years old, she's really young to be diagnosed with breast cancer but she is vowing to fight it publicly to help others going to the same thing. in her instagram she said one thing i did early on in her diagnosis was search for other stories like mine other young women with breast cancer and basal doctor carcinoma, vasectomy, pregnancy after breast cancer all of their stories help. i intend to be the same for others. she posted this on valentine's day saying she was envious of other couples i got to enjoy the holiday without heavy news like
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this. her day was figuring out insurance and setting up a treatment plan and as i started off the top it's scary when somebody so youngest diagnosed with cancer which is a public platform so she's hoping to share her story as a way to help other women going to the same thing. i definitely think so. still ahead trump reminds media critics he's only been in office for three weeks. >> when you saw the inflation numbers. i've been here for three weeks i had nothing to do with inflation this was caused by biden. we're going to tell you trump's multifaceted plan to end inflation a little later in the show, america versus canada the crowded montréal booed the national anthem. listen. [crowd boos] , the saturday night hockey game turned into a brawl three fights
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stuart: i recommend you take a look at the op-ed in the wall street journal it says president trump's message to forge a society that's colorblind of merit-based is energizing black americans. pastor cory brooks wrote that he and he joins me now. you say self-reliance and stable families and education will lift minority neighborhoods that is radical stuff. i have not heard black leaders say the government is not going to help you but that is exactly what you're saying, spell it o
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out. >> absolutely. since the 60s we were seduced by liberalism when we were told uplift was going to come through social programs only to produce a sense of dependency. it's a dependency that is render community totally. iheart aches to see how one's hard-working community as totally lost out and now our community are in shambles because of this thinking in this logic life is like a boomerang and has a boomerang effect what you throughout it comes back if you throughout a sense of dependency on government that's exactly what you will get back. we see in our community everything falling apart because we lost self-reliance and we lost stable families. were doing work funerals then marriages friday i did a funeral saturday i did a funeral today i'm doing another funeral all of those are young people. we need to reverse the cycle and have families that stay together and education is definitely a
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must. stuart: it'll take a generation to turn things around. >> it will take a generation to turn things around this is a hard pill to swallow the tell people the help is not coming that superman is not on the way we will have to rely on ourselves and will have to get together and start working together collaborate with partners who are interested in the uplift of our community and it's going to take a generation to do that but i believe like our forefathers and ancestors before us we are strong and resilient, we can do that. >> i don't hear any other black leader saying what you're saying now. it's very unfortunate that's part of the reason. a lot of our leaders have been tied into the democratic party for far too long they've been told to push this messaging to our community and as a consequence we've seen our community fall apart in we've seen businesses leave in the
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educational system fail in we've seen poverty at a great magnitude so the messaging must change and as a consequence we must also change your mess messengers. one more there is a new watchdog report and finds the government department of health and human services spent over $22 billion on grants for migrants. that included cash for cars, home loans startups, business startups what do you make of that why isn't that money going to american citizens? >> all that money should go to american citizens it would've been better if those funds could've been with small business association helping to create entrepreneurs all across the country i'm hoping and praying as elon musk and president trump, crossed all the funds that have been misappropriated a misspent that somehow they will give the american citizens and tax rebate in a think all the funds and savings and all the monies that are taken back it would be
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better use put back into the market citizens hands. >> i saw your op-ed in the wall street journal i solid over the weekend and it's still there today. i'm sure you had significant impact with what you're saying what is been the response are you being vilified? >> for the most part a lot of people are positive but those so-called leaders that you talked about before are strong in their messaging vilified me for my statements and my beliefs but what they need to know i'm not going to waiver or bow down i don't have a yellow streak going down my back and get a be courageous and continue to get the message out because i believe this is the messaging that will change her community and the messaging are generation needs to hear forget to turn things around self-reliance stable families and education is a must. anytime you want to come back on the program and say that again please feel free to do so. always a pleasure.
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>> chaos broke out at the hockey game between america and canada this weekend time to bring in ashley what happened. >> you know what canadians are renowned for being so nice and friendly. apparently not the gloves are off literally nine seconds after the puck dropped on saturday night three fights saturday broken out that has to be a record and it was not long after the national anthem was ferociously booed. the fans in montréal are french canadians and there you have as they were booing as the teams lined up before the game began ghost fans in montréal venting their anger over president trump's threat to impose tariffs and yes the suggestion that canada could become the 51st state. the prime minister justin trudeau witnessed it all from the stands. guess what the hockey game broke
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out and to make matters worse for the canadians the u.s. won the game 3 - what it advanced to the championship game in the four nation tournament that includes sweden and finland. oh canada. you're alright, thank you very much. still ahead trump is taking the revolution overseas trump picks up the phone and talk to putin about pc shocked everyone with a plan for gaza. have you ever seen such a dramatic change at home and abroad in a short time that is my take the top of the hour. abolishing property taxes governor desantis wanted to happen in florida more on that coming up after this. ♪
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>> here's the headline the trump administration wants to audit the irs hillary vaughn joining us from capitol hill does not mean doge will have access to america's tax information.
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>> people at the irs have access to people's tax information and a doge employee employed at the irs has requested access to a special system that would give them access to this information if the axis were granted. but "the bottom line" for white house officials is direct access would be needed to the special system called the integrated data retrieval system because they need to identify fraud and fix it. the ap reports that the irs will layout probationary workers as well at the irs and cat scan, soon as next week but democrats continue to demonize what doge is doing republicans are defending them. >> democrats are chasing their tail because all they can do is attack elon mask and the young folks but my dad was 20 or 21 years old when he took them off
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of the japanese soldiers that he killed in combat to save this world the greatest generation. and all the so-called kids that we tend to domain are actually heroes. sara: is finding loss cash their urban development at $1.9 billion had been misplaced under biden. doge announcing the funds were earmarked for the administration of financial services but no longer needed that is the most 2 billion the treasury can use for other things. doge has been to get into social security and elon musk saying more people with social security numbers that the u.s. citizens collated the biggest fraud in history but democrats say doge is blowing all of their findings out of proportion. >> these are by and large performative theatric measures they will pick one off cases and say this is broad policy this is what it is entire department or agency represents it's not true
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they've taken a hammer to fire people for loud people and told them they're not doing their job and americans are going to die because of it. elon musk found over 4 million people with social security numbers with their age listed as 140 years old or older. the oldest living person in the world is only 116 years old and they live in brazil. it sounds suspicious. thank you very much indeed, look who's here americans for tax reform president grover norquist back on the show. are there privacy concerns if the doge folks audit the irs. >> there is always privacy concerns but the irs has paid no attention to them. who has access to the data now that doge is looking for 587 people at the irs have access this is the unmask this is your home address, your name not just
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your tax return. another charge of 39 federal employees, 73 i'm sorry 73 others 239 contractors not even irs agents and 20 student volunteers have access, they are now complaining they've not done anything to go after the problem that the irs all during this administration they stalled efforts to find out how many guns that they have and how many cars that they have and who drives the cars what the rules are. it's been a real mess we need a real investigation of all the contracts and they had no interest the democrats in the privacy of the american people for four years. you're a tax guy, florida's governor desantis endorsed the idea of abolishing property taxes throughout florida which would require a constitutional amendment could this work abolishing property taxes in
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florida what would you replace the revenue how would you replace the revenue. >> replacing one tax with another never does any good. i would be much more entrances and reducing income taxes low as we can get without created another one. new jersey had a high property tax so they put in 1965 a sales tax and ten years later they put in the income tax because they had high property tax and sales tax and income tax. changing taxes is dangerous and reducing the ones that you have is a good idea. you like the idea no property taxes in florida? >> as long as you're not replacing it with something else. if you're bringing down spending, yes that's why they have no income tax they spend less money than new york even though they have more people and they don't need an income tax because they spend less you can take the property tax down as you reduce spending. stuart: it's not going to happen to blue states but you think it will spread to red states?
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>> the more red states succeed in 15 state with single rate taxes and eight states was 0 a lot of blue states will start to reform because their people are already leaving great investment is leaving. >> the theory if you cut property taxes you're putting more money into the local economy which stimulates growth which makes up for the absence of the revenue from property taxes is that how it works. >> true for all taxes right now there are 12 states already states that decided to face her income tax down to 0 and are in the process of doing that florida has no income tax, there are neither but a lot of other states are getting rid of the income tax that drives growth more than any other tax cut. i got a move, grover norquist thank you for joining us we appreciate every time you hear. still ahead steve forbes on trump pushing back on reporters about the latest inflation report general jack keane on benjamin netanyahu to open the gates of hell if olmos hostages
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are not return, mitchell brown on independent siding with trump on tax cutting and eliminating wasteful spending. border guard on border patrol agents no longer being required to wear body cameras. i see the lawsuits coming. 11:00 o'clock hour of "varney & company" is next ♪ in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it. solving today's challenges while creating future opportunities. it takes balance. cla - cpas, consultants, and wealth advisors. we'll get you there.
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