tv Varney Company FOX Business February 19, 2025 11:00am-12:00pm EST
11:01 am
♪ if i know it's only rock and roll, but i like it ♪ stuart: we play at lot of rolling stones, don't we? >> a lot of beatles. stuart: yes. >> how about more, like, modern stuff? how about more taylor swift? stuart: okay, if you insist is. >> thank you, okay. [laughter] stuart: all right or, sports fans, it is 11:00 eastern time. it is wednesday, february 19th. still plenty of red ink. the dow is off nearly 200 points and the nasdaq off 60. not that big a decline. show me big tech, please. most of them are down, but we do have nvidia and alphabet up. microsoft, apple, amon down. the yield on the 10-year treasury, that's becoming a problem for investors. it's well above 4.5%, 4.54, to be precise. and now this. the green new if deal is dying.
11:02 am
good. it's been a waste of money. it has held back our economy. it's had no measurable impact other than to upend the energy market. senator ed markey and al a ocasio-cortez launched this boondoggle with great fanfare four years ago. st been dying ever since. if -- it's been dying ever since. just in the last four weeks president trump has declared a national energy emergency, his policy is drill, baby, drill. for fossil fuels, that is. wind farms out, offshore end windmills, out. pipelines, get 'em built. the climate crowd has brought this on themselves. the green new deal was based on fear. we were constantly told that if we didn't get rid of fossil files real fast, the world will end. and no arguments. the science is in. remember that expression in they used that this fear mongering to impose draconian changes. no gas stoves, are you kidding?
11:03 am
no gas-powered cars? it didn't help that this an angry teenager, gareth that thune berg, grimly -- greta thunberg, terrified world leaders. that was pathetic. one word of criticism, and you were attacking a child. it also a didn't help when the climate crowd held up traffic, violated artwork, disrupted sporting events. don't make me suffer. it's a turn ioff. here we are with a who doesn't much care for the greens and an energy secretary who doesn't much care for the green new deal. whatever political importance climate once had, jig is up. that's how i really feel. third hour of "varney" starts now. ♪ ♪ it's a turnoff. martha maccallum joins us now.
11:04 am
very important question -- >> great to be here. stuart: i laid it on thick. do you think the green new deal is dead? >> i think it is, and it's been dying a slow death for a very long time. think about president obama and solyndra, okay? these efforts will be falling under the weight of capitalism and markets, essentially. what do people want, what do they pay for, what are their priorities. so at the same time, you have people leaning towards hybrid cars. people like the combination. they want to be able to use gas in their car, but they also a, you know, many people like to have an electric alternative. so it has to be driven by what people desire, what they want, how they live their live asks if what with works. we have an environmental protection if agency now that is focused on clean air and water, really good goals for an environmental protection group. but, you know, look at just for an example these ocean wind farms which also a crumbled under the own weight of the fact that that they were not financially feasible. stuart: that's right. >> and so the companies started saying, well, we either need to
11:05 am
rework this contract because we can't build them for this price, or we're going to just scrap the whole thingal a together. then the blades started falling off of and landing on beaches that were miles away. so at lot of politicians, frankly, signed off on these things because they thought they were politically popular, not a because the time and effort went into figuring out whether or not they actually were environmentally sound and whether or not the can cost benefitten analysis was fruitful. and so when you do that, it collapses -- stuart: yeah -- >> it's collapsing under its own weight. look at europe, you know? if just -- i mean, they've spent all their money on this stuff, stuart. and now they don't have enough money to spend on defense. stuart: yeah. it's ruined them. it really has. i'm going to change the subject for a second. president trump has ordered the justice department to fire all the a remaining biden era attorneys. he says the justice county has been politicized like never before, we must if clean house immediately. martha, the democrats are going to use this to claim that
11:06 am
trump's weaponizinging the justice department. but doesn't every new administration if fire the existing attorneys and decide who they want in. >> they do. there's a lot -- a long history of this, and it's not surprising that the president trump is going to particularly given the fact that he was under such onerous pressure of things that completely fell apart, the russia allegation as, all of these -- allegations, all of these investigations against him. ultimately, the courts rejected. you know, there's one or two things that are still in appeal. but, so it is a very unique situation is. we've never had a president who people tried to remove from office by weaponizing the justice department, so because it is such an unprecedented and failing effort, it makes it kind of understandable that he would want to come in there and clean house. stuart: that's what he's going to do. martha, we will be watching you at 3:00 in this afternoon on "the story" on fox news. >> thanks, stuart. always a great to see you on a
11:07 am
wednesday. great to see you with, madison is. stuart: see you soon. back to the markets, still about the same amount of red ink. the dow off about 150,, nasdaq down 50. not a huge decline. a couple of dow stocks account for much of that 150 to-point loss are. eddie ghabour with me now. i notice that that you are all in on nvidia. go ahead, make -- $140 a share. make your case. >> stuart, luckily, we bought on deepseek monday. it has retraced 90% of those losses. and the main reason why we love nvidia as much as we do right now is really based on math. when you look at the weighting that nvidia has in the s&p and the nasdaq, our base case is we're going to go 3-5% higher in the s&p over the next 2-3 months. we find it mathematically difficult for that to happen without nvidia leading the way. that the concentration is going to be a problem at some point in time, but right now the trend for that is going to be higher.
11:08 am
and the other at list -- catalyst right now is the amount of money that's being committed to buy and invest in a.i., not just u.s. company on their that earnings call. just last week in europe there was an a.i. summit, and there's another 300 billion euro committed to to a.i., and nvidia is going to be the leader in that space here. so the next couple of months looks pretty bullish for not just equity markets, but the most important name in the indexes. stuart: by the way, i believe that that president trump is going to attend the tech conference run by the saudi national wealth fund. it's in miami. it's next week. our president's going to be there. i imagine that's going to be the useful for him contacting some tech leaders next week which should do the tech sector some good. but tell me again where do you see the s&p 500 going? did you say 3-5% higher? >> i do. we've told clients that february was going to be a buy the dip month because we thought march it would be with about 6300.
11:09 am
and we think that'll get us to 65-6600 before we have that sell in may and go away. the it's going to be the tale of two stories in 2025. the first half should be strong. there's going to be quite a bit of challenges in the second half, but we're prepared to rotate out. what we love today we are probably be selling in a few months, but right now we continue to follow the math. stuart: i just don't like paying all that a capital gains tax. that's just me. i'm a buy and hold kind of guy. sell when i'm dead -- >> i'm sure you have some i.r.a. money you could do that with, stu. stuart: i do. you're right for pointing that out. eddie,' you again soon. we need to look at a some of the stocks that are moving today. garmin is up 12%. ashley, what's with garmin? >> yeah, the gps dice maker finding its way -- device maker after a beating earnings expectations. those lovely expectations you love, stu. the company saw sales of fitness
11:10 am
devices up 31% over last year. also a sales of outdoor gadgets, i guess that's a category, those increased by 29%. as you can see, investors loving it. garmin if up almost 13%. next up, yet blue. jetblue. feeling a little blue, downed today to. reuters reporting the company still in talks with multiple airlines to try and establish a partnership and, apparently, they are willing to allocate more money to get some sort of deal done. but jetblue down 5% this morning. and last up, etsy. sinking today after, yes, missing earnings expectations estimates, whatever you want to to call it. the company citing significant headwinds including a pullback in consumer spending. tata's never good, is it, for people -- that's never good, is it, for people trying to sell things. down 9% in the session. stuart: ash a, thank you. coming up, mark zuckerberg's charity is ending its diversity, equity and inclusion programs
11:11 am
along with social add a slow cat city efforts for immigration reform. why he is doing that. on inauguration day, president trump signed an executive order designed to crack down on the cartels. watch. >> this is actually an executive order designating the cartels and other organizations to be foreign terrorist organizations. >> that's a wig one. so they are -- big one. they are now designated as terrorist organizations. stuart: all right. trump has just released the list of criminal groups now deemed terrorists. border expert, sheriff mark dannels, takes that on next. ♪ ♪ —hi! —hi! ♪ chocolate fundraiser. ♪ with the chase mobile app, things move a little more smoothly. ♪ deposit checks easily
11:12 am
and send money quickly. [coins clinking] ♪ that's convenience from chase. make more of what's yours. you founded your kayak company because you love the ocean. not spreadsheets... you need to hire. i need indeed. indeed you do. our matching platform lets you spend less time searching and more time connecting with candidates. visit indeed.com/hire
11:13 am
do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. 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 friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned we could sell all of our policy, or keep part of it with no future payments. who knew? we sold our policy. now we can relax and enjoy our retirement as we had planned. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit
11:14 am
11:16 am
♪ stuart: get this, the cia has been flying droneses over mexico to gather intelligence on the cartels and those fentanyl labs. jennifer griffin joining us from the pentagon. are they coordinating with the mexican government on this, jennifer? >> reporter: yes, they say they are, stuart. but as you mentioned, according to a senior u.s. official who i poke to late last night, the cia has been flying reaper drones over mexico to gather intelligence on the cartels and its fentanyl labs. the program started during the biden administration but has been continued by the trump administration. the mg-9 -- mq-99 reapers are not armed, the isr drones are not lethal x. if this is not unilateral, i'm told. this is being done in coordination with the mexican government. it is focused on locating the fentanyl labs and mexican cartels, intelligence then shared with the mexican government for them to act on. there are no u.s. troops preparing to act on this intelligence, in other words. this is not the pakistan model, a senior u.s. official told me,
11:17 am
a reference to the mq-9 reaper drone program run by the cia from afghanistan to track and huntal a al qaeda. it is being done in partnership with the mexican government. this is a pure intelligence-gathering operation, i was told. separately, u.s. northern command expanding its use of military drone, the u2 supply plane and global hawk for border surveillance and to track migrants heading to the u.s. border by land and by sea. those planes are staying in international air space, i'm told, not crossing into mexico. they're flying the length of the border. border crossings, stu, are down 85% since president trump was inaugurated. in terms of deportations to guantanamo bay, u.s. southern command says, quote, 120 high-threat illegal aliens are being housed at the vacant detention facility at gitmo, and 50 illegal aliens, that's their term, are being housed at the migrant operations center in
11:18 am
guantanamo, far fewer than the 30,000 that the defense secretary has said could be taken there, stuart. stuart: things are beginning to move. thank you very much, jennifer. now this, the administration announced a list of drug cartels they designate as foreign terrorist organizations including tren de aragua. the president revealed what a this designation could mean. roll it. >> reporter: [inaudible] foreign terror organizations. would you -- [inaudible] ordering u.s. special forces into mexico to take them out? >> could happen. stranger things have happened had. [laughter] stuart: there's a hint. cocheese county, arizona, sheriff mark dannels joining us now. sheriff, they're terrorist organizations. are we going to go after them militarily as the president suggested we might? >> oh, i think so. good morning, citi stu. i think there's a very high chance of that. you know, these cartels, it's way overdue. why we haven't gone after them and made them a focal point aa
11:19 am
maizes me. and i'll say -- amazes me. you think about what they're doing, they're killing americans every day with fentanyl, 100,000 americans die every year of fentanyl, and they're the main produce if's -- producers of that. the exploitation of children, the death, the gangs, you name it. these cartels a are a threat to this country. i think president trump's right on target by going after them. stuart: do you think the government, the authorities in if mexico would okay american military attacks inside if mexico on the cartels? do you think the mexican government would go for that? >> i'm not saying they're going to be happy with it, but with i'll say they need to do it, and they need the partnership. let's be real. one of the things we say down here is the cartels and the corruption in mexico is like a cold form of government to their government. there are great people in mexico, but this cartel down is there a net to them as much as it is to -- threat to them as much as it is to america. stuart: on that note, mexico has announced they just seized more than 400 pounds of meth in the
11:20 am
cartel heartland of sinaloa. they also a confiscated 3,000 gallons of chemicals used to make that kind of drug. that's $40 million worth of meth. do you think mexico did this because they're feeling pressure from trump? >> oh, definitely, stu. there's no doubt about it. and they're doing the job they need to do, and that is stop it in their own country, in their own backyard. they'll have support from this president, this administration, whatever they need. dod's down there. the department of defense is set up in my county here, we're working side by side with them to do things, and i'm telling you, we're working together for a common if cause. has to protect the homeland and protect america. stuart: yuma, a arizona, nabbedded three migrant smugglers dressed up as a border patrol agents. they were trying to bring 24 migrants9 into the country. dressing up as a border patrol? that sounds like desperation to me. what's going on? >> well, it is desperation. you have a new coach in america that's saying we're securing the border. there's consequences to it. he's applying the resources and
11:21 am
the message and the consequences. so the cartels have to be smarter. what worries me is they're going to to get savvy, heir going to get more violent, and we're ready for it. we've got the resources in place now. the cartels, we've got the will now to fight them, and that that's important. stuart: you're on the border. if i'd have asked you this question a few months ago, how many people do you see crossing your territory coming from the border, you would have said quite a few. how many are you seeing now in. >> right. we have a drastic reduction. what we're seeing down here, no doubt about it. the give-ups are nothing like what they're telling me. the gotaways is what we deal with here in the county, the ones that can't give up to the law enforcement, what we've been dealing with under the last administers. that's not going to stop, but we have seen a reduction. we're working together to make sure we do everything we can to stop them. stuart: sheriff mark can el, thank you very much. border patrol says their
11:22 am
helicopters are being targeted. madison, targeted. what does that mean in. >> yeah, by lasers, which is are dangerous. border patrol air creates have been targeted by lasers six times since october. bad actors shine a laser into the cockpit making it nearly impossible to see and also potentially blinding the pilot. so the latest incident if was on february 9th. customs and border patrol says one of their helicopters was hit while conducting a border security mission if near the mcallen international airport in texas. the helicopter was hit three times by a laser that cbp says came from a car on the mexican river bank. now, this is a federal crime that carries to 20 years in prison and $250,000 in fines. luckily, no injuries have been reported from from these incidents that have happened so far, tu. stuart: thanks very much. dow's down about 150 points. it's been that way for much of the trading session is. minor loss for the s&p, minor loss for the nasdaq. coming up, espn host steven h.
11:23 am
smith unleashed -- a. smith unleashed on democrats after his name was mentioned as a candidate for 2028. watch this. >> if you're the democrats, that's why stephen a. smith is in the news. because y'all don't have anybody. they suck right now, horrible! because 'cuz they don't have a voice. stuart: well, how do you really feel? there's much more where a this came from, and you will see it. president trump calling out the damage left behind by biden's administration. watch this. >> the damage that bind has done to this country -- biden has done to this country in terms of, let's say, open borders. you know there's so many things. stuart: trump has been moving at whirlwind pace to clean up the mess. and look who's here, molly hem mingway, approaching the set here in new york. stealing up behind me, no less. [laughter] he's going to join -- she's
11:24 am
going to join is us many just a second is. ♪ that's the way, uh-huh, uh-huh, i like it ♪ [air blower sound] ♪ okay, son. focus on what you can control. everything else is just noise. when you work with someone who knows a lot and cares even more... you're unstoppable. at truist, we believe the same is true for banking. i've got a lot going on right now. let's focus. what are your top priorities? ♪ pronamel clinical enamel strength can help us to keep our enamel for a lifetime. it's backed by science it is clinically proven to strengthen our teeth. i would recommend this toothpaste to everybody. it's really an amazing product.
11:25 am
11:27 am
your clients look to you. you look to t. rowe price. (♪) because we stay agile... actively managing investments to uncover opportunities... and build etfs designed to outperform the index. (♪) that's the power of curiosity. (♪) better questions can lead to better solutions. t. rowe price invest with confidence ♪ stuart: there's been an exclusive interview, president trump, elon musking hosted by
11:28 am
sean sean hannity. and in that interview, the president called out the democrats for what happened under the biden administration. gotta watch this. if. >> the damage that biden has done to this country, and it's not even biden, it's the people that circled him in the oval office. open borders with where millions of people poured into our country and hundreds of thousands of those people are criminals. they're murderers, they're drug dealers, they're gang members, they're people from prisons all over the world. stuart: mollie hemingway is with me here many new york city. the president's really piling it on, isn't he? >> it is one reason why he's having such a successful second term, because of that term this that came right before where people saw what happens when you open the border wide. stuart: he went through a long list. has he reversed all of those negatives? he's trying. >> not yet. we're only a month if in -- stuart: he's done a hot. >> it's impressive, what happens so far. stuart: listen to what republican congressman tim burchett said about doge
11:29 am
exposing what we might call foul play in congress. watch this. >> one of the reasons you'd have questions is, is if you're doing something crooked. and you're going to see a lot of of congressmen with red faces when they follow this paper trail back to members of congress, ma'am. and that's the bottom line. and that that's -- where were they fussing the haas three or four years in we have, different groups are accessed, hundreds of different people have access to this that are nowhere in the cope of what needs to be. -- scope of what needs to be. now elon musk gets ahold of it, and he's going to do something, he's going to make some changes that need to be made, and y'all are pitching a fit. stuart: do you think members of congress will be are upset when some of their pet projects are killed by doge? >> i think some of them might be, but they really feed to get onboard with this whole project. when you look what happened with the executive branch, every single one of those agencies were authorized and appropriated by congress. congress is the one that created
11:30 am
this problem. congress needs to be part of the solution to it. you can't have just donald trump or just elon musk trying to fix everything that took decades to build through congress making very bad ideas with about how much money and what type of jobs are done by these different agencies. stuart: what stuck out to me last night was the relationship between donald trump and elon musk. they appeared to be relatively friendly, certainly respectful of each other, and they seemed to be joining together in this great enterprise -- >> well -- stuart: -- chop up the federal bureaucracy. >> they are two world-changing figures. it's kind of amazing to live at the same time they're in existence. do you remember how people said don't nominate donald trump, nobody good is going to work with him in the second administration. not only does he have good people, he has, in many cases, far better people than in the first administration, and that's another reason why he's having such a successful -- stuart: can he keep up the pace? >> you have heard so many people
11:31 am
say they would do things donald trump is doing, and he's actually following through with everything he said, you know, which was a mark of his first administration if too. hay seem to have understood how the resistance works, how the bureaucracy can thwart a presidential agenda, and they are tackling it head on. stuart: and now a federal if judge has allowed the doge people and musk to have access to irs, social security, treasury payments and medicare. have access to all those, that data. i think the flood gates are going to open. >> well, and that's the only way that the executive branch agencies are constitutional if they have oversight by the president. i'm not surprised by these rulings and particularly as they make their way to the supreme court. you're going to see, well, obviously you can't have agencies the that don't have any political oversight in this country with government by the people. so you're going to see access provided and what they find out when they're digging through this will be breathtaking. stuart: it's going to be revelation after a revelation. i can see it coming down the
11:32 am
pike. but the democrats are going to launch numerous legal attacks to slow things down. but at the end of the day, i don't think they will be successful. >> well, you can understand why they're doing it. the federal employees and the non-government operations that they support are just filled to the rafters with democrat voters. so they view this as an existential threat. but when you look at the rest of the country, the rest of the country is not tolerating this kind of lifelong spending spree that these people have been on, and they want dramatic change. and so if democrats want to regain power, they should think about where they can play along with this rather than just be hostile. stuart: they're not doing that yet. >> not yet. stuart: thanks for being in new york. >> great to see you. stuart: see you soon. sports commentator stephen a. smith, he's speaking out about a possible run for president in 2028. all right, ashley, is he going to do it? >> well, you know what, stu? he says, no, and he's done that on many occasions. but i think the door could still be open.
11:33 am
smith says the fact that his name is even out there shows how much the democrats lack a true leader. listen to this. >> if you're the democrats, that's why stephen a. smith is in the news. because y'all don't have anybody. you don't have anybody. who you got? who ya got? kamala harris better not run. she's not going to win the presidency in 2028. i'm not in the news because i'm here, i'm in the news because the democratic party is here. [bleep] lower than that, down at the bottom. they suck right now, horrible! 'cuz they don't have a voice! where breathe the voice? -- where [bleep] the voice? >> he's passionate. smith has made it clear he has no serious political aspirations, but he has also admitted he would genuinely consider running for president if he knew he had a real shot. and, by the way, talk about
11:34 am
potential candidates including his top pick which is maryland governor wes moore. sowell see. interesting to follow. stu. stuart: only time will tell, as we're not supposed to say. >> will tell. [laughter] stuart: thanks, ash. a new form of political resistance is taking shape. some voters are refusing to shop at certain stores which have a political stance they don't like. we'll get into that story. children growing up in a digital world, there is strong the bipartisan support to prioritize online safety. if today the senate judiciary committee is hearing firsthand accounts from parents on the dangers. the full story after this. ♪ how many times must the cannonballs fly -- ♪ before they're forever banned? ♪ the answer, my friend, is blowing in the wind -- ♪ the answer is blowing in the wind ♪ ♪
11:35 am
(morgan) we're all looking for someplace to call home. but first, you need a place to look for a place to call home. and that's homes-dot-com. because it's the best. (lawyer) i told you, you cannot legally say homes-dot-com is the best! (luke) what if she says it, as morgan freeman? (marci) homes-dot—hold on, i can get this. homes-dot-com.
11:36 am
(lawyer) no. (luke) well, how can we not say it... if that's our new name?! (lawyer) i give up. (luke) homes-dot-com-is-the- best-dot-com. 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
11:39 am
stuart: two hours and eight minutes' worth with of business so far today, still the same picture. dow's off just over 100, nasdaq's down 26. not that much movement. but the the yield on the 10-year treasury has been moving up. investors don't like that particularly, 4.55 on the 10-year. the price of gold, is it close to $3,000? 2942 per ounce as we speak. bitcoin, not much action, $96,100, is the price. oil, $72 a barrel. nat gas still over $3 -- no, gone to $4. it's very cold weather, $4.24. and the average price for a gallon of regular $3.16, but in california, you lucky people, you will pay $4.85. right now, the senate judiciary committee is holding a hear only children's safety in the digital era. al sand a drink ya of joining me now -- alexandria. lawmakers have been hearing stuart, have been truly them,
11:40 am
heartbreaking. one parent speaking today is brandon guffy whose 17-year-old son took his own life two years ago after an online sex-tortion scam. >> the predator that contacted gavin was recently extra the dieted to the u.s. two weeks ago a from nigeria -- extra there dieted. extra indicted. the predator not only attacked my son gavin, but also a began to education tort9 my 16-year-old son, my 14-year-old cousin and myself. one of the messages read, did i tell you that your son begged for his life? instagram removed the profile that attacked gavin but left up additional profiles the predator used. >> reporter: he's filed a lawsuit against meta . growing crime like other issues like mental health strain, fentanyl being sold to kids and a.i. being used to manufacture
11:41 am
pornography. lawmakers in this morning say actual new legislation is needed. >> we can't come up with a wise and effective legislative solution without first understanding the nature and scope of the problem. so that's why we're with having this hearing today. >> reporter: -- on both sides including grassley maintain that a bill with overwhelming bipartisan support which passed last year 91-3 died in the house due to relentless lobbying by big tech. it would have mandated reform and accountability for social media a companies. bipartisan legislation is expected to be introduced this week aiming to sunset section 230 of the communications indecency act which provides immunity to online platforms from civil liability. lawmakers do not expect that to move forward without a fight from big tech. stuart: thank, alexandria.
11:42 am
brian brenberg is about to tell us what he has for us at 12 noon. brian: they're there, stu. president trump and elon musk fighting bureaucracy. musk's latest idea is a doozy. the doge dividend. a ground breaking $5,000 rebate check for taxpayers, that and much more coming up, stu, on "the big money show." stuart: the doge dividend, i like the sound of that. thank you very much, brian. a new poll says shoppers are avoiding certain brands because of politics. madison is, who's more likely to stop shopping at companies with differing political views? republicans or democrats? >> it's democrats. stuart: i flew it. >> both -- i knew it. >> bothsides are sending a message. 45% of democrats say they would stop, drop and not shop at a branched that they a disagree with politically whereas 34% of republicans say they would do the same. but get this, 4 out of every 10 americans have already changed
11:43 am
their spending habits in recent months because of politics. and like i said, while it's more democrats doing this, republicans have wielded a lot of power with their purse. never forget, anheuser-busch tank thed after a republicans boycotted bud light, and now we're seeing even more companies learning those lessons and backing away from deish s policies. amazon, disney, google, they have all started to roll back their dei programs. and it's in part because of shareholder pressure and also because of the supreme court affirmative action a decision we had in 2023. target announced back in january that they're ending their if- 3-year dei goals b but know have black faith lead rears calling for a target boycott. they say if corporate america isn't going to stand with them, they're not going to stand with corporate america. so more boy boycotts announced. stuart: one more for you, madison. >> you got it. stuart: tell me about a mark zuckerberg's charity, the chan-zuckerberg initiative.
11:44 am
it's ending its dei programs, right? >> yes, it is. they've been reviewing the programs expect practices, and today want to to make sure they align with their focus and with the current legal landscape. that means that the dei program ended yesterday and that they're also ending their social advocacy efforts which include collude -- included things like immigration reform. so the cfo said they made the decision to wind down social advocacy work years ago and that they're been reviewing changes to h.r. practices around diversity. now the decision has been made x this comes after a zuckerberg's meta ended its dei programs last month. they're focusing on, quote, building teams with the most talented people. the tides are turning. stuart: yeah. he's done a 180. >> he really has. stuart: reversal. thanks, madison. show me the markets, please. i want to show you the s&p 500 has just hit another all-time high. 6131. there you have it. coming up, new york's
11:45 am
governor, kathy hochul, has signaled she may use her authority to remove new york city's mayor, eric adams. listen to what adams a had to say about that. >> -- where i am right now. the mayor of the greatest city on the globe. everyone should want to take the it. [laughter] [applause] and they're going the to have to take it, because i'm going nowhere, i'm going to be the mayor. stuart: all right. however, we're going to ask new york post political reporter, his name is jon levine, we're going to ask him about the far, far, far-left socialist who could, in some circumstances, replace adams. that's a much better story. jon, how are you doing, lad? ♪ everything can change. ♪ in a new york minute ♪ th e writing on the wall. big bank sharing your financial information with big government. join them as owners in old glory bank -
11:46 am
the pro-america online bank that protects your privacy, security, and liberty. invest today at own.oldglorybank there are many ways to do things. at old dominion freight line, we do them this way. this way has people who start early. people who care and inspire each other to do things the way they should be done. this way uses technology (♪) and goes the extra mile (♪) to deliver your promises on-time, every time. this way is why we're the number one national ltl carrier for quality. for us, this way is the right way which is why it's the only way we go.
11:47 am
11:49 am
stuart: 2 p.m. eastern today, new york city's mayor, eric adams a, faces a federal judge who will decide whether the justice department drop the corruption case against him. eric shawn outside the manhattan courtroom. eric, okay, predict it for me. what can we expect? >> reporter: well, you know, i don't think the judge will make a decision today, stu, but you never know. there are, of course, growing calls for new york city mayor eric adams to resign, but he says he's not going anywhere.
11:50 am
>> i enjoyed every moment of being a police officer. it prepared me for where i am right now. this is the mayor of the greatest city on the globe. everybody should want to take it. [applause] and they're gonna is have to take it, because i'm going nowhere. i'm going to be the mayor. [applause] happy black history month. >> reporter: adams remains defiant, this as federal prosecutors set to lay out why the corruption charges against him, they say, should be dropped. the hearing before a federal judge could scrap the charges of bribery, fraud and accepting illegal foreign campaign contributions from turkey. acting deputy attorney general emil bove says the case should be dismissed because it interferes with thety's mayoral election and harms adams' ability to govern new york if new york city. but a former new york prosecutor are accuse adams and president trump of making a corrupt deal,
11:51 am
a quid pro quo, they say. trump dropping the federal charges in exchange for adams a carrying out the administers' tough immigration -- administration's tough immigration orders. both deny that. >> the way that emil bov is e and the justice department did in this created a sword of damocles that is, you know, if it goes through as they've asked for, turns the mayor into an agent of donald trump. >> reporter: seven prosecutors have so far resigned because of the demands to drop this case. there are increasing calls from local officials that adams ten down. governor kathy hochul, fellow democrat, she says she's going to wait and see what the judge rules before she decided potentially, stu, about a actually removing adams from office which she can do. the governor has the tower or -- the power to remove the new york city mayor. we'll see. stuart: eric shawn, thank you. i want to bring in new york post political reporter jon levine. i'm going to get back to the
11:52 am
mayoral situation in a moment, but i want your thoughts on this. pus -- put the video up, please. anti-israel demonstrators clashed with pro-israel protesters. the agitators waved palestinian flags and chanted, zionists go to hell. this was in an orthodox jewish neighborhood. one man arrested, charged with assault is. it's back in new york city again, isn't it? >> i mean, i challenge you to find a peaceful palestinian protest that's ever taken place. it's been a minute since we've seen one of these in new york that was this violent, and i hope, you know, we've talked about how there'd been a change in the weather at the national level. we have a few president now, and i think if you see more of this, you're going to see a much more robust federal response. if local leaders here can't address this, you know, i'm hopeful that we could see federal action -- stuart: what kind of federal action could you expect? what can you do? >> i don't know. i know that that we have, you know, trump could nationalize the state guard, for example,
11:53 am
and he could -- there's federal action that can be taken. i recall during his first term when he sent federal troops into portland to restore order in that city. i'm not saying that's on the table, but there's a menu of options that the previous administration never availed themselves of that trump could, if he wanted to. stuart: got it. let's get back to the situation with the mayor of new york city, eric adams a. i'm being hypothetical here, but if governor moaking did remove -- hochul did remove adams, the likely successor, just for a but the months, would be jumaane williams. what do we know about him? >> he's currently the public advocate of new york city which is kind of a fake job. he's technically number with two in line, and he's a very, very far-left progressive. it's sort of the full menu of crazy ideas, defund the police, every pronoun and gender you can think of, it's all on the table. you could expect the city to
11:54 am
lurch very, very far to the left very quickly in the three months he would be mayor before a special election. now, if adams were to resign sometime at the end of march, jumaane williams would stay in office a until the mayoral election of november 252025, so it'd be much longer. stuart: an activist socialist as the mayor of new york -- >> have a radical lurch of where where we are now. stuart: new york's top judge has ruled that the ethics commission can continue to investigate former governor cuomo and his $5 million pandemic book deal. i would suspect that that kind of rules him out of the mayoral election for new york city, because that's what he wants. >> doesn't rule him out of anything. if you end up with mayor ewe jumaane williams, quo -- you mow's the last man -- cuomo's the last man standing. cuomo's really the only reasonable guy standing many that field.
11:55 am
however, he obviously would bring a lot of baggage which we all know about with the nursing homes and the sexual disconduct allegation as that he faced. so he would have to overcome a lot of that. but from a policy perspective, he'd be the only sane guy in the race if adams was out. stuart: therefore, he has a sho- >> and universal name id. he will take blows when people are reminded of some of his past discretions, but, yeah. right now, no question, the front-runner. stuart: only in new york city. isn't it great living here? if thank you, jon, you're all right. now this, it's the wednesday trivia question. we've been racking our brains about this one, trying to count them up. how many presidents have been -- good question -- have beards? three, four, five or six? the answer when we return. ♪ where ya headed? susan: where am i headed?
11:56 am
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 morikawa on 18. he is really boxed in here. not a good spot. off the comcast business van. into the vending area. oh, not the fries! where's the ball? anybody see it? oh wait, there it is! back into play and... -oh no, it's in the water. wait a minute. are you kidding me? you got to be kidding me. rolling towards the cup, and it's in the hole! what an impossible shot brought to you by comcast business. advil targeted relief.
11:57 am
11:59 am
stuart: i really thought this was one of the better questions that we have for the trivia section, and it is this: how many presidents had beards? think back, please. three, four, five or six? we've allowed jon levine to stay with us and if play this game because he pretends to know the answer. so you're first. >> i think i know my beard presidents. abe lincoln, rutherford b. hayes, chester arthur, benjamin
12:00 pm
harrison finish. stuart: yep. >> -- and there's a fifth one. stuart: are you saying --? >> i say five, but i'm forgetting the fifth one's name. stuart: ashley, what do you a? >> that was impressive, jon. i'm going to go with number two, four. stuart: madison? >> i'm going to back up jon and say five. five bearded presidents. stuart: i'm going to say it's going to be six in to -- 2028 when vance is president. i'm going with jon and saying five, and the answer is five, correct. [laughter] >> all right. stuart: lincoln, grant, rutherford b. hayes, james garfield, benjamin hairson. they all had -- harrison, they all had beards. >> mice beards -- nice beards -- >> where's chester a. arthur? where's chester arthur? he had one of the great beards in american history -- stuart: we're out of it. varney and -- >> moustache only.
0 Views
IN COLLECTIONS
FOX BusinessUploaded by TV Archive on
