maria: welcome back. 30 minutes before the opening bell sounds on wall street. we've got a rally are underway for stocks, dow industrials up 78, nasdaq up strongly as well. final thoughts here, liz peek. >> elon musk is my hero, first, for protecting free speech and, secondly, for protecting taxpayer dollars, maria. hail, elon. maria: your thoughts, chris. >> the trump wave is real. defense if industry, energy and value retail are three places i'd put capital to work. maria: if cheryl. >> lee zeldin is having a lot of fun, and he's doing a great job. maria: look, between he as well as all of the agencies recognize ifing that elon's work and doge's work is real and significant, yeah. all right. we will see you again tomorrow. thanks so much for being here. "varney & company" picks it up now. stu, take it away. stuart: good morning, everyone. early this morning secretary of state marco rubio met with

russia's foreign minister, lavrov. the two sides are looking at a three-stage plan, a ceasefire, elections in ukraine, then the signing of a final agreement. the peace process appears to have started without the european ifs or the ukrainians. finish in new york governor kathy hochul holds a high-level meeting to discuss removing mayor adams. numerous high-level officials have resigned following his deal with trump. drop the corruption charges against him in return for his help with deportations. the city's government is on the verge of collapse. if he's removed, his replacement immediately will be jumaane williams, an activist and self-described democratic socialist. just what new york needs. get to the markets, please. some green across the board, like to to see that. dow up maybe 60, s&p maybe 20. nasdaq solid is, up 115. no recovery for bitcoin. last quote we had was $955,000, okay, 96,1 right now.

the yield on the 10-year right around 4.5%, 4.52. the 2-year at 4.28. oil, last time i checked it was $71 a barrel, still there. gas, $3.16. okay. i've been away for a week, and it's gone up about 5-6 cents in that a week. $3.16 for gas, $3.67 for easel. all right. on the show today, musk and the doge guys uncover a bureaucratic mess at social security is. more than 15 million people aged 110-360 are on the rolls. and 4.7 trillion worth of treasury payments are, quote, untraceable. there was no tracking code on the checks. a judge decides today whether elon musk and doge has the authority to access government data. if he doesn't have access is, how do we find out where our money went? if tuesday, february the 18th, 2025. four days and -- four weeks and and one day into the trump presidency. "varney & company" is about to

begin. ♪ ♪ ♪ if i can't get no satisfaction, 'cuz i try -- stuart: you remember this one? >> 1964. stuart: correct, son. >> i remember the song because britney spears did a cover to it when i was in elementary school. [laughter] stuart: it's a great song. i can't get no satisfaction. we're going to tart with this, peace talks in saudi arabia. secretary of to state marco rubio led the u.s. delegation in a four-and-a-half hour meeting with the russians about a ending the war in ukraine. rubio was joined by the president ear national security advise everybody -- president's national security add riser, mike waltz. sources tell fox russia a and the u.s. are discussing a three-stage plan; ceasefire, elections in ukraine and the signing of a final agreement.

the europeans have been left out of the talks. ukraine officials were not present if at today's meeting. trump has said that certificate hen sky will be involved in peace talks but did the not address in what capacity -- zelenskyy. both sides have agreed to create high-level teams to continue the work. there's no to indication of when direct talks between trump and putin may occur. james freeman joining me. how do we look on the world stage with this kind of thing going if on in saudi arabia a? >> the president is leading, trying to to come to the a, i guess you would say maybe the least bad of the possible outcomes here. he promised the american people he was going to get us out of involvement in costly spin conclusive wars. next week marks three years of this conflict. the biden administration, i think reasonably, said we want to help the ukrainians, but we also want to avoid getting into a war with a nuclear-armed russia. but the flip ifside of that was hay never defined what victory was. stuart: true.

what i'm getting at a, james, is are we back to negotiating, talking are from a position of strength? as opposed to what happened in the biden administration? >> well, that's a good question. and i think to have that position of strength, i think the president is probably going to need from congress one more big slug of ukraine funding to back up this negotiation. that would be my prediction. stuart: do you think he'll get it? >> i think he probably will, because i think there's a confidence and there is a track record here from the first term that a lot of people in our industry made jokes about art of the deal, but you look at a some of the milestone s of that first term, and i think there is a benefit of the doubt that he gets. stuart: okay. it's the start of the process, just the start. >> yes. stuart: that's overseas. let's turn to domestic stuff. democrats have been doing anything it takes to smear elon musk and doge, and that includes protests in the street, lawsuits, public attacks in the media and online. why are they so afraid of

rooting out fraud, james? >> yeah. stuart: are they covering something up? >> well, this is new in our lifetime, stuart, the idea that a major political party in this country doesn't even pretend to be against an effort to root out waste, fraud and abuse in government. it does make you wonder. i think a lot of these lawsuits will turn out well for the president because of his executive authority under article a ii the of our constitution but also a because, to your point, these lawsuits are kind of part of a protest movement p. they're hastily written. they don't really include -- and this was a problem this week before judge chutkan, is there's no harm they're demonstrating. they see elon and his team go into a building, and they go, we've got to defend that bureaucracy, but they don't have any facts to allege any harm yet. i think it's going to be rough going for this lawfare in the courts. stuart: we shall see. james, we're going to watch you tonight -- >> okay. stuart: yeah, we are. 6 p.m. eastern, you're cohosting

with the the bottom line with the can with dagen mcdowell. we'll be watching. >> appreciate it. stuart quick look at futures. the nasdaq's doing nicely, up every 100 points. look when's here now, kevin o'leary joins me. kevin, is the saudi meeting and the doge guys, are they having a positive impact on the market? is that why we're rallying? >> people see tremendous potential in earnings over the next 11, 12 the months. i think the market's looking forward just a year. if you were worried about a tariffs, it's not showing up in these numbers. we're up almost 5% in almost every market so far, and we're early into the first quarter. i'm surprised there's not more roll tilt, but i'm happy -- volatility. i think the fact that trump is really pushing on government efficiency and deregulation at the same time in every sector, all 11 sectors, is giving a lot of confidence at the ceo suite level that earnings will be met

this year. stuart: let me return to the tariffs question. do you approve of 10% if tariff on canadian oil coming into this country? >> i think the whole deal with canada is different than the mexico, different than the europeans. the oil deal is -- remember, the first idea was 25 percent and then through a lot of work i think that danielle smith did herself because he had the guts to to go and see trump at mar-a-lago long before he came president got her a 10 percent today tariff, but i think they say, wait a second, all the refineries designed to take that oil were built specifically for that grade of oil. expect canadian oil is $13 a barrel cheaper than any if other, and it's the 70 of the imports. maybe they pass on that because it's pragmatic. but we're in early days of the negotiation. one of the big problems is we don't have any leadership in canada, election coming in six weeks it looks like. freeland, who trump disdains who did nafta 2 and trudeau, nobody's hiding the fact the he

doesn't like them, they're the ones barking at a him right now, and i don't think it's healthy for the canadians to use them as proxies for what the canadian people want. i wish trump would wait six weeks. stuart: don't bo at our -- boo at our national anthem either. [laughter] >> jr. bad -- very bad. stuart: the doge guys have revealed $4.7 trillion worth of untraceable -- it was optional a, apparently, to disclose where the money was going. you know, kevin, we wouldn't know anything about this if it wasn't for elon musk and the doge guys. >> the best way to look at this whole doge situation is go up 30,000 feet and ask yourself -- forget about elon musk, republicans or democrats. shouldn't any if government have the right to audit itself? yes. in this case, they've chosen the agent to be a guy named elon musk. he's unique if because he's his own international broadcast network. he goes into a building, he finds a bunch of stuff, he publishes et al. around the world. we read it and say is, what?

it doesn't give him the executional right to do anything, but it gets the voting constituent saying, this is crazy. fix this. is so he just goes from building to to building pumping this stuff out. i love the posts, because i can't believe it. and and even if only 80% of it's right, this is the right thing to do for every taxpayer whether you're republican, democracy or independent. you've without to to think there's a lot of fat on these chickens. keep the barbecue going, i keep saying that. stuart: and you've got to believe that voters like this. >> they do. stuart: that's what they wanted if from trump, and doge is doing it. all right. how would you, on a scale of 1-10, judge doge's performance so far? >> 11.52. [laughter] stuart: knew that was coming. stay there, please, you're with me for the hour. elon musk and doge are in the middle of reviewing our social security system is. oh. what's he saying about fraud there, madison? >> he's saying it could be the biggest fraud in the history of the world, because the problem is that there are millions of people on social security is data base that are between the ages of 100-159.

let me explain why that is problematic. here you have the post if elon on x saying, quote, maybe twilight is real and there are lots of vampires collecting social security. because hooking at the numbers -- looking at the numbers according to the social security day database, there are over 11 million, 11 million if americans correcting social security between the ages of 120-160. that's concerning because the oldest american is only 114 years old. so is 1 -- 11 million that don't exist, right in and it's the also a concerning because when you take a look, there are less than one million people over the age of 95 in the u.s. so in another post, musk said there are far more eligible social security numbers than there are citizens in the usa. like i said, musk is saying this might be the biggest fraud in history. stuart: should point out for the last ten years social security's not paid anybody anything once

they reach the age of 115. so a lot of these people on your list not getting checks -- >> they're just on the rolls. stuart: completely out of date system. >> yeah. stuart: more from you later. coming up, last year mike rowe's foundation gave away almost $22 million if -- 2.5 million, actually -- to help people get into a trade. he wants to revive the work ethic. he will be on this show. yesterday tom homan, he told us that this in the previous 24 hours he's seen the low number of southern border crossings in his entire career. watch. >> in the last 24 hours, a total of 229 people were encountered by the border patrol on the southwest border. 229. i haven't seen that -- i've been doing this job since 1984 as a border patrol agent. i've never seen the numbers that a allow. stuart: dub that low. stuart: border patrol council president art del cueto is

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stuart: little green on the screen. up 20 the on the dow, up 23 on the s&p is. nasdaq up over 00. smugglers -- 100. smugglers reportedly using tiktok the advertise their services at the northern border. they can bring illegal migrants from montreal to new york on the same day. vice president of national border patrol council art del cueto joins me now. were they forced to go north because of the crackdown at the south? and what are the canadians going to do about this? >> we're just going to have to wait and see, varney. look, the reality is these drug-smugging organizations and criminal cartels, they'll develop any way they can. they're not going to go away.

they've made billions and with billions of dollars. they had it easy under the biden administration and and obviously now the long arm of the law law is catching up to them, but they're not going to give up easy. they're going to continue to look at a methods to continue to make money. stewart stuart what are we going to do about it in these apps are functioning, can't we go after it? >> no, definitely. i think it's going to take a lot of intel, a lot of law enforcement agencies to get involved and find out how to put a crackdown on it. when you start grabbing these individuals, you've got to start truly going after them and being able to prosecute them. at the same time, you've got to start doing some southbound operations or i should say outbound operations, right, bawgz it could be going out the northern border as well and start hitting them in their pocketbooks. if drugs and, you know, criminal aliens are coming into the country, money's going out. you've got to figure out how that money's going out at the same time. stuart: are we doing that? are we checking on the money that's flowing out and grabbing it? do you know for a fact we're

doing that? >> look, i know there's been some some operations they've been talking about, that falls more on the individuals at the port of entry. with tom homan if at the helm, there's discussions. tom toman's looking at every single -- hohmann's looking at every single angle that he can, and it's been noticeable. look, the numbers have been down tremendously. that is a direct effect of what he's been doing and working with other agencies at the same time. it's also, you know, the deterrent because you have, you know, a lot of soldiers and military in a lot of parts of the border, but the job isn't complete. we have a lot of access to what's happening in texas, but unfortunately, there's other areas. i mean, there's arizona, new mexico, california that let's just say their governors are less than helpful, and it makes the job a lot harder for individuals working in those states. stuart: i'm sure you saw this, art a, but the house just approved a bill making it a crime to run away from border patrol in a vehicle, for example. the bill was backed by -- this is the point. the bill with was backed by

dozens of democrats. that's a breakthrough, isn't it? when the democrats tart supporting that kind of control measure, that's a breakthrough. >> yeah, it's a huge break breakthrough. i think they're realizing, you know, their at the point if point -- they're at the point where with they're realizing the drug cartels don't care what side of the aisle anyone's voting. today want to come into the country, damage american lives. when we're talking about the tiktok and recruitment, a lot of these cartels recruited minors to to go down to areas near the border so they can be the drivers, and they tell them, hey, if you drive away, nothing's going to happen to you because you're a minor. this is a huge breakthrough moving forward. stuart: by the way, we just got some new number, only 29,000 migrant encounters in january, that's the rowest since may of -- lowest since may of 20 jr. 20. art, you've got to be amendment about this. >> everyone's really happy about it. obviously, look, as i said, they will find meths to continue making money -- methods to

continue making money. i buy car insurance not because with i'm going to play bumper cars. i buy it to make sure nothing happens. we've got to keep reinforcing it, keep law enforcement in that area because we don't want it to get worse. stuart: got it. art del cueto, thanks for joining us. see you again soon. now this, one conservative group filed a lawsuit against the department of homeland security. over what, madison? >> essentially, over their handling of the migrant crisis. let me explain. the centered to advance security in america is suing dhs for regards that they requested back in october about the release of data on migrants are criminal backgrounds. this data was released just to lawmakers, casa wanted it as well. it tated there were over 425,000 convicted criminals on i.c.e.'s non-detained connect and an -- docket and an additional 222,000 with pending criminal charges. casa saw wanted to see the information behind that via a

freedom of information act a request, a foia, and they still haven't gotten those documents. so now they're suing. the problem is they filed it under the biden administration, now we're in the trump administration, so it's the not clear how dhs is going to respond because really that initial foia happened a while ago. and we've seen this administration if handling migrants really differently. but they're suing because they want the data a. dhs is, we've reached out, they have yet to respond. stuart: i think with this administration they'll get it. i can't imagine trump concealing it. it's the not going to happen. thanks, madison. quickly check futures. we've lost system of the gain for the dow, it's the up only 8 points. the nasdaq holding on to a 1040 -- 100-point gain. the opening bell is next. ♪ ♪

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look, interest rates are hurting small caps. the federal reserve cut interest rates on september 17th. the 10-year, treasury was about a 3.6 a 5%. so they cut rates and then interest rates skyrocket higher, sitting at 4.5 on the 10-year, so interest rates have have is gone higher while the fed's been cutting, it is very bad for small pa caps. you compare that to 90% of research companies, 90% of their debt is fixed rate. they're not getting any relief right now with the reserve scenario. stuart: okay. so you're out of that. but i know that you're buying nvidia. why? >> yeah, stuart. remember when i was on a couple weeks ago, and the market was all in a a scare and they were nervous about deepseek. the the stock sold off heavily. we told viewers, and i think you might have agreed with this, you should start buying. nvidia has almost recovered to exactly where it was before the deepseek scare came out. so i don't think deepseek is an

issue. i think the costs to run these models are getting more expensive. we've got earnings coming up here. stuart, there's still upside. i see 25% upside from here if the you're still putting money to work. stuart: when does nvidia come out with its earnings? because that's going to be a very big day. >> in the next couple weeks, so it's one that you want to watch. and i think investors can still put money to work prior to that. stuart: and you see a 25% possible upside from 141. okay, got that. how about tesla? i know you're buying that that as well. >> yeah, that's right. stuart, the least exciting thing for me about tesla is their auto manufacturing unit. if you just look, they just opened their shanghai mega-pack factory. battery storage, we cannot sleep on this. battery storage a could be even a bigger addressable market than auto sales for tesla. so i think energy could be the big next phase for tesla. even when it comes to cars, look, even in china it's a big market for tesla. their model y, 70,000 new

reservations just released, so there's still big upside for tesla. there's a lot of people hating on the stock, but we are big believers in the upside -- stuart: since you've been on the air a, it just turned around. >> i love a sale is. stuart: do you think that that tesla, the stock, is still getting any kind of bounce from elon musk's very close relationship with president trump? >> yeah. we saw the initial bounce certainly from that. that has certainly waned. and if anything, i think there is a pr issue for tesla where you've got a lot of short sellers, a lot of people on the left that have said i'm selling my tesla because of what elon musk is doing. i think as investors, use that to your advantage. i don't think there's a big impact to earnings. i think the stock continues to run from here. but in the short term, there could be some noise because of doge and everything else elon is involved with. stuart: is doge helping boost the markets at all? >> well, think it's the medicine that the nation needs, right?

it's like taking the body off life support. we want to see how this nation can run. i think short term budget cuts aren't great because it's almost been a false narrative. government spending has been fueling this economy the last four years. if you take back that band-aid, i think it's going to hurt in the short term, but long term we reduce deficits, we reduce debts, we bring taxes down, stuart. that's what wall street wants, and that's going to be the good for corporate earnings. stuart: elon musk is just about the most important guy in d.c. after the president at this moment. david, thanks very much for joining us. always appreciate it. see you again soon. right. now let's go to the wall street. ing the opening bell is going to ring in a few seconds and then one of those folks will press the button, and we'll start to trade. we're looking for a downside move for the dow industrials, 50-60 points. we're looking, though, for a gain on the nasdaq. the market is open. and what do you know? we've opened with a 23, 25-point loss.

there's more red than green amongst the dow 30. so down on the dow. s&p 500, that is also ever so slightly higher, up 10 points, .17%. the nasdaq, where's that? a percentage gain worth having? yes, we do, a quarter of 1%, up 56 points. have a look at big tech. do this every single morning at 9:30. we've got a mixed picture. apple is up, amazon is up. alphabet is up. but meta and microsoft are down slightly. i've got to take a look at intel. it's, this morning intel is up a buck, that's about 4%. taylor, what's this about a intel facing a break-up? >> yeah. we've got a lot of rumors over the weekend, yesterday and again this morning that both broadcom and tsmc are looking at the business. now, they're actually not competing against each other because they're looking at different portion of the business. ts is mc is looking at the plants, the factories. broadcom's looking at the chip design business with. but, again, this is a storied

chipmaker, stu, you know and at $24 a share a lot of people are wondering about the future of the company and if it's better being broken up, sold off than it is stand alone. stuart: it may not have much choice. what are you thinking? is. >> yeah, this is where money goes to die. it lost its way in the early '90s. it missed mobile completely. it's just mismanagement, you know? andy grove was the guy -- stuart: yes, he was. >> and ever since andy left us literally, it has been a disaster. stuart: he was the great pioneer of silicon valley. >> yeah. it used to mean something to say intel inside, now you you don't want to buy it. it's an old, dead carcass. chop it up. there's still some protein value. it's like the fish stew at the bomb. the ocean -- bottom of the ocea- stuart: you really bring life to this program, old, dead carcass -- >> when i heard we were giving

money to intel out of the chips and science act a, i was, like, why would you ever do that? stuart: stay there, please. have a look at tesla. they've begun mass production of the model y in shanghai. what's the significance of the hang high move? >> china is a big player for tesla -- shanghai move. we've talked about this, we said they didn't necessarily get the full approval for fully self-driving so, again, tesla has to be in china. getting this revamped model y back to mass production scale at the shanghai factory, a big win for the company. stuart: what is going on at southwest airlines? they just announced a huge, company-wide layoff. they're laying off choice. >> 1,750 people. it's about 15% of their work force, and southwest is saying that a it's one of the first ever sort of mass corporate layoffs that they've had to do. this is a company that, again, kevin may know has tried to veer

in a turn-around plan. they don't have the assigned seats, then they came out with the premium brand last year where they tried to say if you wanted to get an assigned seat, you could. again, they're trying to find their way. the stock is up, i think the street likes the cost cutting. and a lot of this will hit leadership roles, and this is not necessarily pilots and all that. stuart: you've got to have a highly profitable first class and business class. hen you're in business. any comment, kevin? >> the government has to let the airlines merge. you get scale, you save jobs. this is a sector that's been abused by regulators for too long are. stuart: berkshire hathaway, they've got a big holding in constellation brands. that's a huge liquor company. how big's their investment in. >> okay. so, look, when berkshire hath aaway makes an investment, i still listen because i want to know what the oracle of omaha a is doing. 5.62 million shares, it's about

a $1.24 billion stake. this is a new investment and when warren buffett speaks, i listen. expect market listens. stuart: then we have con ago a rah a brands. they own a lot of brands -- conagra. ready whip, slim gym, a whole -- slim jim, a whole bunch more. why are they down? >> you not eating your beef jersey -- jerky? if they're cutting their annual profit for the second time in less than two months. this is a one-off situation for them. they said they're experiencing a lot of supply disruptions within two platforms that are related to frozen meals with chicken and vegetable, so it's not necessarily a bad demand story. this is a supply issue within the factory that they're dealing with. stuart: you don't eat highly processed foods like slim jims, do you? >> you know -- [laughter] stuart: gotcha. >> the answer is, no. stuart: medtronic, i guess they're not doing well. >> this is interesting. the top line came in below analyst expectations still, so

that's why the stock likely is down about a 7. but the company did come out and say, look, revenue is still up about 2.5% year-over-year, and they're seeing steady demand for the cardiovascular and neuroscience product. it boosted revenue but not enough for what the street was looking for. stuart: jpmorgan is bullish on bath and body works. they're up 6%. why are they bullish? >> raised it to an overweight from a neutral. raised the price target to 47 from 41 a share. citing revenue growth potential for first the call year 2025 -- fiscal. and if they're talking about product if innovation, marketing and technology that all support supports growth within their core businesses. think fragrances, body care, hand sanitizer, so jpmorgan likes it. stuart: do they sell bars of soap? >> gosh, i only remember the pumps. when i was young and i would go to the mall to bath and

bodyworks -- stuart: you and i are of a somewhat similar age. do you see bars of soap -- >> i use dove. i like the softness for my skin. by the way, these guys are doing a heck of a good job is on social media. that's one of the reasons -- stuart: okay. i'm sorry i brought it up. >> i'm just saying, you learn a lot about products through their ability to get customers to social media -- stuart: you have no idea what the producers are saying in my ear. thank you, taylor. we shall see you on "the big money show" starting at noon. a group of shareholders at wal-mart asking them to the rein in dei policies. elon musk says he's experienced the effects of trump derangement syndrome firsthandful you've got to watch this. >> yeah. i mean, i used to be a -- [inaudible] if. [laughter] less so these days. i mean -- >> i really did -- >> i mean, it's the whole sort of, they a call it, like, trump

derangement syndrome dream, and they become completely irrational. stuart: oh, we'll bring you musk's full condemnation of his former friends. you're going to love it. president trump is going after a wind energy. he's putting a complete if pause on any new prompts. is the industry completely dead? former energy secretary dan brouillette tax on wind next. ♪ dust in the wind, all we are is dust in the wind ♪

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my work here is done. excuse me, which way back? uh, follow him.

♪ ♪ if. stuart: president trump's using tariffs trying to bring manufacturing jobs back to america. look who's here now, lauren simonetti. she's at the made in america store in elmer, new york. what do you have for us, lauren?

>> right by buffalo. this story is about a restoring pride in american manufacturing and or, stuart, every single item in this store right down to the packaging of the mike and ike's, of the toy car, all of it, 100% made in america. but here's the problem, they have about 90,000 fewer -- [audio difficulty] in the u.s. now than there were 30 years ago. so reversing that trend has become somewhat of a challenge but, certainly, a movement. at this store -- and if you look around, not one item out of 15,000 items has a battery or a plug because the electronics aisle is not 100% made in the usa. mark is the founder of the store, and the question is, how do we change that? >> first, make made in america important again. manufacturing is the heartbeat of america. we can do it. we've got the smartest people in the world. we've got to have the want, and then we've9 got to make factories and use automation and

use, actually, any way we can to just bring back manufacturing to america. and i think trump's on the path to do that. >> reporter: yeah. the founder of a nearby brewery says it's extremely difficult to take other countries out of the equation and nearly impossible for him to afford potential tariffs and still make his hazy ipa. listen here. >> where we are, the light, delicate malt, it's the popular malt for beer withs right now, is from canada. some is grown in northern missouri state, sent to to canada -- new york state, sent to canada to be malted, comes back over the border. so it's going to get tariffed going over and coming back, and the price is going to go crazy. >> reporter: yeah. not to mention the cost of the aluminum cans. so, stuart, we're talking about with potential tariffs a four-pack could cost $2 more. back to you. stuart: got i, lauren. thank you very much, indeed --

got it. trump promising through on -- following through on his promise to end offshore wind projects. private companies have pulled out of many of their efforts. dan brouillette joins we now. mr. secretary, are we seeing the collapse of wind power and, effectively, the end of the green new deal? [laughter] >> good morning, stuart. great to be with you again. look, i think we're seeing the end of expensive offshore wind projects at least in the near term. and that's really what's driving this. i know some of the folks, environmental ngos, state regulators, others, want to point the finger at the president, but he's correct. this is an e enormously expensive source of electricity here in the united states, and that's why i think we're starting to to see some change from industry who are building these things. it's the not so much regulatory policy that's causing the shutdown. this is sheer economics, stu. stuart: if some of these wind projects especially offshore on the eastern seaboard, if they're shut down or don't produce

juice, then many blue states will be unable to meet their carbon emissions targets from their own utilities. that is the collapse of a big part of the green new deal. >> it could be. but i would suggest that, you know, a lot of these goals that were set by blue state golfs were unrealistic to begin with. and there are alternative ways to meet this. so i wouldn't be fooled by headlines that suggest that the collapse of the offshore wind industry mean if we're going to somehow miss an environmental goal. there are other options. we can build natural a gas pipelines into places like boston and use natural a gas instead of fuel oil or diesel to produce if electricity. that would dramatically reduce the emissions profile files of those states. ing we could also do additional nuclear power. a high density source of fuel, and it's carbon-free. so we do have other options apart from offshore wind. stuart: good. next one, mr. secretary.

trump's current energy secretary is chris wreath. he says net zero is a delusional goal. he says net zero has not delivered any men fixer only real cost -- benefits, only real cost. i presume, dan, you agree with that that. [laughter] >> chris is absolutely right. delusional is one adjective to use. it's important to remember, stuart, these goals were set by politicians. they're not set by engineers or industry leaders, people who wild things for -- build things for a living. these are people who gather in state capitols and places like davos, and then they sign these goals through regulatory action to the industry itself. net zero is a meaningless term. what we're doing in the industry is innovating our way to lower carbon emissions. and it's the industry that leads these efforts. so i think chris is absolutely correct. a lot of the political goals that that we see are, in fact, off target. stuart: mr. secretary, thanks as always for joining us.

i hope to see you again real soon. >> good to see you, stuart. stuart: you agree with secretary wright? net zero is delusional. >> i agree. last year at the climate change conference in dubai the leader of that conference said, look, we've all a got to face reality. this is all become s., and it was -- b.s., and it was controversial at the time, but at the same time the british said we're going to start bringing gas up from the bottom of the ocean again. germany's run out of gas because of the invasion in ukraine. that wind farm thing is sheer economic stupidity. you set up billions of dollars of infrastructure in the middle of the ocean where nobody live, then you have to put transmission lines on the ocean floor back to where people live. the bird community, the whale community ever go near these things, whop, whop, whop, whop, whop. they sound terrible and they break. what idiot thought of this? if of course this is stupid. we've got to stop doing that because it's really expensive waste of money. there's other ways to get

electricity, but that is the most stupid idea i've ever seen supported by a lot of people who never thought through how dumb it was. might as well call it what it is, sheer stupidity. stuart: we've got to have nat gas and nuclear. >> yeah, exactly. stuart: thank you, kevin. to say that new york city is in crisis is an understatement. the governor -- government of this city is close to collapse. the democrats are deliberately ignoring their own role in the ruin of our once-great city. that's my take, top of the hour. the latest on the delta that plane that flipped over at toronto's airport. we're trying to figure out exactly what happened. the latest from toronto is next. ♪ ♪

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stuart: we're learning more about that tell that flight that crashed and flippedded over at toronto's airport. nate foy is there for us. any new details this morning, nate? >> reporter: well, stuart, actually just in the past couple minutes we learned an update on the people that were injured on that flight. 21 people in total injured. the good news is that 19 of them have left the hospital. so two are still receiving care. things certainly could have been a lot worse especially when you

look at this new video that just came in to our newsroom showing the moment that the plane came down on its wing, to plane if detaches. then you see fire shoot out from underneath the fuselage as it slides down the runway. and during this time the plane sides are over on its belly to the people sitting inside are hanging upside down, and they need to get off that plane. take a look at this, stuart. >> drop it! >> reporter: so, yeah, the cabin did a great job, the cab cabin crew did a great job leading that effort, and the people also helped other passengers by helping them unbuckle. and that was an effort one passenger talked about after the whole ordeal. >> the most powerful part of today was there was just people. no countries, no nothing, just people helping each other.

>> reporter: the transportation safety board of canada is leading this investigation. the faa is also at the crash site assisting as there are questions about the role that weather plaided, stuart. the runway was covered in snow. wind gusts were at a almost 40 miles an hour, and audio shows the air traffic controller warning the pilots about the wind, but the fire chief in charge of toronto airport said something loog last night that caused some confusion about that theory. >> it's really important that we do not speculate. what we can say is the runway was dry, and there was no crosswind conditions. >> reporter: we are still waiting an update from airport officials today. we are about to move if over to terminal one. we are expecting an update. the airport remains operational, but two of the runways, two of the five runways will be hut down as this investigation proceeds -- shut down. we'll send it back to you.

stuart: nate if, i've not seen that video before, that was dramatic. that was a miracle, wasn't it, kevin? >> it looks like, to me, i'm going to speculate a ool although we're not supposed to. the wing hit a snow bank, broke off, caught fire -- [audio difficulty] tiff. stuart: those people getting ou- >> great construction. good for you guys. stuart: thanks for being with us, kevin. still ahead, lisa boothe on more peep openly -- people openly rejecting dei initiatives. brian kilmeade losing -- on people losing their minds after the justice department dropped charges against eric adams. and dirty jobs guy mike rowe on america's on to session with credentials. he wants to bring back the work ethic. he's welcome on this show, and he's going to make an

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