president trump proving he's the king of merchandising, showing off a new maga hat with the phrase trump was right about everything on it. he says a fan sent it to him to the white house, to he decided to make more. how can you argue with that, rebecca? if i don't think so. >> listen, he wasn't right about everything -- maria: he was right about -- [laughter] >> he's going to be known, go down this if history as a world leader, shul beyond a shadow of a doubt. >> we talked about this before, you look back on things that he said years ago, and it ended up being right. the california fires, we were talking about that recently -- maria: the border, inflation. >> yeah. maria: spending, energy -- >> keep going. east right. >> china. maria: all right. great show, everybody. thank you so much. rebecca walser, adam johnson. "varney & company" picks it up, stu, take it away. stuart: good morning, maria. good morning, everyone. today the president holds his

first full cabinet meeting, and elon musk will be there. there's a clash coming. many cabinet members are not if happy with the way musk is telling them how to run their departments. they don't like being told who to fire and which programs to cut. will either side blink? don't know if. but the president says he will be presiding, unlike the last biden cabinet meeting which he says was run by jill biden. big one for the president, his one big, beautiful bill passed in the house. it was a squeaker, 217-215. at the last minute, the president got on the phone to gop no rotors and persuaded three of -- voters and pervade sueded -- persuaded three of them to vote yes. $2 trillion cut from pending, that is the blueprint. investors like it. there had been a lot of worry about getting the tax cuts extended. they have been extended at least in the house. the dow up maybe 60, but look at

the nasdaq, up 127 points. check out nvidia. they report this afternoon. this has become the most important earning report of them all. the tock is up $3. that will be 2.5% in premarket trading. bitcoin, no recovery. $86,800, that's the curve quote. interest rates -- current quote. interest rates, 10-year below 4.3. as for the 2-year, it's down to 4.12%. actually, down from yesterday. if all right. oil hovering around $700 a barrel -- 70, now it's down to 69. gas, $3.13. diesel, $3.68. politics. the president wants a gold card for immigrants. you pay $5 million, you get the card, you're in. there's a plan opinion for all a migrants to the ridger if -- register with the government. the government wants to know who's here and where you are.

cue the privacy lawyers. on the showed today, the sudden surge in luxury home sales in new york city. nobody was expecting that. could it be the result of the return to the office mandate? and now will see this, a miniature mobile nuclear power plant on the back of a truck. it's real, it's happening, and we'll bring you james walker. he's the man who runs the company that makes it. it is wednesday, february the 26 theth, 2025. "varney & company" is about to begin. ♪ ♪ see, every dog has its day though. ♪ when the big dog toulouse him a bone ♪ muck. stuart: toby keith, another of my favorite performers, and i'm going the say yet again, sixth avenue a, midtown man hat tan -- lauren: that's really can

deserted. more so than yesterday. stuart: and it's a beautiful day. it's going to be like spring. getting into the 50s. we're going to start with the latest from doge. wait for it. elon musk's what did you do last week e-mail received over a million replies from government employees. here's what the white house had to say about that. >> i can announce that we've had more than one million workers who have chosen to participate in this very simple task of, again, sending five bullet points the your direct supervisor if or manager c or c-ing opm. i actually participated in it myself. it took me about a minute and a half to think of five things i did last week, and all federal workers should be working at the aim pace that president trump is working and moving. we have a country to save, and we want this federal government to be responsive to the needs of the american people who reelected this president to have his historic, massive reform, and that's what the intention of this idea is. stuart: karoline leavitt really making her mark, isn't she?

21 federal staff theres have resigned. they refuse to help musk,, quote, dismantle critical public services. the office a of personnel management along with the office a of management and budge, they've reportedly prepared a memo telling government agencies to the prepare for large scale fire beings. the memo asks for these departments to submit reorganization programs by march 13th. today president trump holds his first cabinet meeting of his we could term. elon musk is expected on there. and look who's here in new york, ben domenech if joining me. i think this meeting's going to be a showdown. i don't think cabinet members like being told how to run their departments. >> well, i think there's always going to be a tense moment that comes through whenever you're trying to engage in creating efficiencies within any kind of organization, particularly the federal government. but one of the things that is really create kale -- critical in this moment is we have to understand how much it is important for this administration to get as a much

done as a possible within the first six months. because as long as they are going, they're going to take on water, there are going on the inevitable challenges that they don't expect. tear going to be dealing with so many -- they're going to be dealing with so many things, is so having move quickly, i think, is important for them to be successful. stuart: according to a new report, president trump has a answered over a thousand questions in the first month of his presidency. that's about a seven times more than biden who in the same time frame took 141 questions. this president's always on tv. >> yes. stuart: he's totally transparent. >> i think that transparency is very welcome and, look, sometimes it leads him into situations that i think republicans would prefer he not get into. with one of the things we're hearing, frankly, is that there's a lot of we'ring -- wishing for more communication of the kind of things doge is doing as opposed the lawmakers having to learn about it from an elon tweet and the like. but i do think the president himself is being very

transparent about where he's going to go, and that's very beneficial in terms of setting the message for the day. he doesn't have to send out some list of talking points. you see him on tv, and you hear what he's going to do. stuart: that's what's going to happen at the cabinet meeting today. i think he's going to lay down the law and back up musk. >> i completely agree. he understands the importance of moving fast and breaking things even if there is natural a resistance from people who want to keep their bureaucratic fiefdoms protected in a time when we need more efficiency. stuart: you ever seen a 40-day period like this? >> no, i have not. it is not manager you expect in the modern era and it prove ors, frankly, the central lie about the biden administration which was we can't do this, we have to do all these things because we're being forced into a position. we see an active president who came in with a plan surrounded by people eager to put that plan into place. and one of the benefit, stuart, is that we're going to get

results in terms of the court outcomes, the fights that are going the happen legally much earlier in this presidency, and there's a lot of confidence among the conservative, you know, legal architecture that they're going to win arguments within the court system and at the supreme court level. stuart: get it done and look good in 2026 the for the mid if terms. >> exactly. stuart: ben, or thanks for joining us. thank you. the white house just announced a big shake-up to the press briefings. what have we got on that, lauren. >> in. lauren: the journalists who get that the intimate access to the president will be hand picked by the white house and no longer the member organization called the white house correspondents' association. here's the press secretary. >> i am proud to announce that we are going to give the power back to the people who read a your papers. the white house press pool will be determined by the white house press team. legacy outlets who have participated in the press pool for decades will still be allowed to join. fear not. but we will also be offering the privilege to to well-deserving

outlets who have never been allowed to hair in this awesome responsibility. -- share. we'll continue the rotation amongst the five major television networks to ensure the president's remarks are heard far and wide around this world. lauren: the decision breaks with decades of precedent. the white house cant wants to give access to non-traditional media. the white house correspondents' association says the move tears at the independence of a free press. both sides. stuart: there you have it. all right. thanks, lauren. we better check futures. i'm seeing some green especially for the nasdaq which is up 130 points. a lot of selling recently, a bit of green out there this morning. ray wang is with us today to. i've got to talk about nvidia. we get their earnings after the bell today to. if the report, ray, is just good and not tell lahr and fantastic, will the -- feel stellar and -- stellar and fantastic, will the stock market tank? >> all eyes are on nvidia and if their predictions and forecast are lower than what everyone's expecting, we're going to see flat or a decline in the stock

market, especially the nasdaq stocks and the magnificent seven. stuart: i'm told that the all-important thing this afternoon the call from jensen huang after we get the official numbers. war you expecting in that call? -- what are you expecting? >> i think what we're expecting to hear is the fact that hopper's doing really well, the h-100 hips, the blackwell chips are doing well, data center is very strong, meta making a commitment for $30200 -- 200 billion, everybody's got $100 billion investments or more, is so making sure that core's okay. and the second piece is really what's happening in the other areas around nvidia. sovereign data centers, are hay doing well, are investments coming from other countries. so i think there's going if to be a lot of insight into what partnerships are going to continue to drive that demand going forward. if he can thread that needle, and i think there's an expectation that he normally makes the number and makes the beat as a well, i think all eyeo be a sigh of relief in terms of

what's going to happen in the marketplace if because we've seen a 10% correction on the mag 7. stuart: their earnings reports have been so stellar, that's what we've come to expect. if they're not quite stellar, knocking them out of the ballpark, it's just not good, is it? i mean, it's on a knife edge almost. >> you're completely right. it's perils of pricing to perfection, and that's really what the market has had with nvidia a's stock. once again, they're the only game in town for the next 24-36 months. the deepseek attacks haven't made money of an impact in the sense that if you're going after a general artificial intelligence, you're pretty much going to inhave ya. for the -- nvidia. we're focusing on training the data, and that's making the difference. but in about a 24-36 months we're going to be focused on inference which uses a different set of chips and, of course, competitors will have chips in the marketplace, and that's going to make a difference. stuart: ray wang, thanks so much. see you soon. coming up, the house has

passed a framework to get trump's big, beautiful bill passed. does that mean there's a clear path to get the whole thing done, tax cuts included? we're to going to take that on for you. president trump proposing a new idea for people to get green card privileges. it's called the gold card. >> we're going to be selling a gold card. you have a green card. this is a gold card. we're going to be putting a price on that card of about $5 million, and that's going to give you green card privileges. stuart: okay. you wouldn't be a citizen, but you would be a permanent resident. we'll explain it all for you. congressman byron donalds officially running for governor of florida. the current governor, ron desantis, is not backing him. congressman donalds will be here to respond next. ♪ -- monday to sunday. ♪ i love my country ♪

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stuart: trump and peeker johnson scored a big win last night. the house was able to push through the framework for the president's big, beautiful bill. aishah hasnie joining me now from capitol hill. the vote was real close, i got that. you were there, on the floor, i believe. trump got republicans over the line at the very last minute, is that correct? >> reporter: you got that right. so is i was inside the chamber when all of this was going down, and it was so dramatic, stuart. it was like watching a tennis match as they were trying so very hard to get these holdouts to flip. and really it did take those trump phone calls. that seemed to have the effect that they wanted. at first speaker johnson sent everybody home because they just could not flip enough of these republicans.

but then, i mean, seriously, within ten minutes, stuart, he called everyone back. we were all stunned inside the chamber, wondering what was going on. apparently, president trump's personal phone calls had worked. >> there's no quid pro quo, but the president assured we that he would work towards cuts, and he's never lied to me perform he's always been honest about it. the speaker backed him up, and we talked about some specific things. and that's between us. >> reporter: well, stuart, those promises were not enough for congressman thomas massie because he was the sole republican to vote no. all democrats also voted no. the bill passed, though, 217-215. now the real hard work begins because there is no policy in this thing yet. republicans need to get to the president's big, beautiful bill. that's the border security, tax cuts, raising the debt ceiling, get all of it into in this and also a try to cut $2 trillion at the same time and do it all, stuart, while appealing to those

moderates and also those fiscal hawks. and fox can now confirm that speaker johnson annate majority leader john thune will be head ad to the white house today to meet with scott bessent and kevin has a it. again, they're meeting about all of this and how to proceed forward. i can say a massive victory for republicans. wasn't clear if they were going to be able to squeak this through, and they did just by enough. stuart? stuart: but the president can be very persuasive, can't he? >> reporter: yes. the trump effect is a real thing on capitol hill. stuart: yes, it is. aishah, appreciate it. >> reporter: you got it. stuart: florida congressman byron donalds has announced he is entering the race for governor of florida. governor desantis has not endorsed him. >> my view is, is donald trump just got into office. i want these congressmen focused on enacting his agenda. the reality is, is, you know, we've achieved victories in

florida. we need to start achieving those victories up there. so i think people look at it and say, you know, you've got a guy like byron, he just hasn't been a part of any of the victories that we've had here over the left over these past years. he's just not been a part of it. stuart: well, look who's here now, congressman byron donalds himself. desantis says you were not part of the victories. ing would you like to respond to that? >> no, not really -- [laughter] listen, stu, i'm just thankful, first, to have the support of president trump and have his complete and total endorsement to run to the next governor of florida. i would say in terms of what i've been able to accomplish in my time in elected politics, when i was a freshman in the state legislature, i passed the first bill of its kind in the country that gave parents and community members an ability to actually examine what was in the textbook materials of students. so we could actually find out what was actually going on in the indoctrination of our kids. i passed that bill into law in

the state legislature of florida. then-governor rick scott signed it. i also passed one of the major expansions of school choice at that time if florida's history with the hope scholarship to keep children -- help children who were being bullied in school to met them -- give them the opportunity to go to another school. so i've been helpful in the conservative movement through politics over the last decade. look, my record speaks for itself. i'm very happy to have president trump's support and is so right now this is about the future of florida, the voters of florida and doing everything possible to make sure that not only are we, do we continue to be the best state in the country, but that we take the it to new heights. stuart: all right, congressman, republicans were able to push through the framework for trump's big, beautiful bill last night. first step in funding the president's agenda and extending those tax cuts. very important. can you give us a time frame for when we get the whole thing done and signed by the president?

if. >> look, i think we're going to -- it's going to be a hot of negotiations. if you were going to ask me, i think probably around may, maybe june we'd probably all get it done. there's going to be major negotiations around a some elements of tax policy, not the big stuff that the president talks about, not the major reauthorization of the tax cuts and jobs act. i think there's some other items that need to be worked out, and we'll get there. the center of this deal is going on the to be mandatory spending. there has to be imagine story spending reductions. we -- mandatory spending reductions. what joe biden and kamala harris did is they massively expanded federal spending, and they used covid-19 as an excuse. our nation simply cannot afford that over the long term. we have to be realistic, we have to be efficient, and we have to be responsible. and so house republicans working with senate republicans under the leadership of president trump, we're going to get this done. but spending cuts is really going to be the linchpin to get this entire one big, beautiful bill done and to the president's

desk as soon as possible. stuart: you're introducing a bill to shut down the consumer financial protection bureau. what's wrong with it? if why are you doing that? >> this is legislation i've filed every year i've been in congress. the cfpb is one of the worst agencies ever created. it is a rogue agency that has little to no oversight from congress or even from the executive branch. they go off and put out memos, put out notices, they walk in and out of companies with impunity. they don't even, actually, they don't even get their money from congress. hay go to the federal reserve -- they go to the federal reserve and send a letter saying we need x amount of money, and the fed gives it to them. that's how the cf if pb was designed by elizabeth warren9 and the radical democrats when they were moving dodd-frank. they designed it to be a rogue agency outside of the oversight of congress. that does not respect our constitution, it doesn't respect the will of the people, and that's why that agency must be if closed. stuart: got it.

congressman byron donalds from florida, thank you very much. at least one nat democrat says she -- senate democrat says she will support trump the's labor secretary, lori chavez-deremer. which senator? >> senator maggie that hasan of -- maag city hasan of -- maggie hassan of new hampshire. despite opposition from republican senator rand paul for her previous support of a bill that strengthened union's ability to -- unions' ability to organize. looks like, feels like an olive branch. many of the union members did back trump, but the union leadership declined to back the democrat, kamala harris. so she might be the perfect fit. stuart: thank you, lauren. i want you to take a look at this, president trump just posted this on truth social. all cabinet members are extremely happy with elon. the media will see that at the cabinet meeting this morning.

i went on the air at the top of the show and said maybe there's going to be a big clash. i think the president was watching, and he's reminded me that they're all getting on just fine. [laughter] musk will be at a trump's cabinet meeting which gips at 11 a.m -- begins at 11 a.m. eastern. we're going to be all over it, and that's a promise. quick check of the markets, i see green. the nasdaq up 97 points as we speak. the opening bell's next, we'll take you there. 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.

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stuart: real close to the opening bell. a little bit of green on the left-hand side of the screen. let's bring in shah gran,ny real fast -- shah ghailani. i understand you're not buying the dip of big tech. tell me why. >> it's been too rough, stuart. and i don't understand why we haven't seen much dip buying in terms of the big names. a lot of them look like they've father-in-law over a cliff, and i think we've within -- father-in-law over a cliff, and i'm waiting for nvidia earnings. it's a make or break situation for big tech. as far as the mag 7 goes, they're down more than 5% since the beginning of the year, and that's a problem. leadership wise for almost two decades, it's been big tech. and if big tech is faltering and sometimes we're seeing big financials now starting to

falter a little bit, they took the leadership role briefly. but back to big tech, no. they're all over the place. and nvidia today is a big deal in terms of will it be supportive of big tech, of the a.i. narrative. and lots riding on nvidia's earnings today for the whole sector. stuart: at what point can you see getting back into big tech and nvidia? >> if nvidia reports positively, guidance is positive and the market reacts well and the big tech names react well, i think that's an opportunity. then this is a buying opportunity down here. stuart: but if they disappoint in any way, shape or form p forget antibiotic, is that correct? if. >> there's a lot riding on it, stuart. nvidia hit an intraday high on early january above 153, it fell one month later 26. investors are coming into nvidia's earnings very nervous and rightfully so. stuart: got it. shah ghailani, thanks very much, indeed. we'll be watching this afternoon on fox business. the market is open, and the

dow has opened a little bit higher. not that much. you're up about 57 points, 43,6, is the number. there's a little bit more red than green indicating a split market. the s&p 500, that has opened on the upside but only just. well, not bad, .2 -- .30%. the nasdaq composite, that has opened to the upside to the tune of .38%. let's have a look at big tech. i still see microsoft. it's actually down a bit more today, $396 on microsoft. how about that? am, pet that that up. can -- amazon, meta up. let's get to tesla. they're having a rough time recently. they're really struggling. taylor joining me. they're struggling, why? demand in europe's a problem for them? >> yeah. so we're hearing that january sales for tesla were down 45% year-over-year, but all the other evs were up 37% year-over-year. so is this a demand issue for tesla because elon musk has been

meddling many some of the elections, or is this because they're waiting for the model y refresh? tbd. stuart: you mean it could be a reaction the musk saying things about the germany election, the british election? >> you know, you think that. if every other ev sales are up 37% but tesla sales are down 37, you have to to think something is going on. we just don't know what. stuart: got it. a lot of companies are dropping their dei programs. >> yep. stuart: apple, are they? >> nope. they asked shareholders to vote no on a proposal that asks them to drop dei. so, again, saying no keeps the dc ei program -- dei program. apple says this is the two two proposals were unnecessary and inappropriate attempts to hinder apple's ordinary business programs. stuart: and the shareholders said stick with it, stick with dei. >> yep. stuart: okay, got it. earnings reports before or the bell loy's. a lot of -- lowe's. a lot of people have been

recommending lowe's along with home depot. they're doing well. >> it's interesting because this is a similar story from home depot. consumers are cautious to spend on big tick projects except -- ticket projects except that, unfortunately, lowe's does really well with all of those hurricanes, milton and helene. same-store sales were great last quarter because of the recovery effort. stuart: here's a retailer that a lot of analysts really like, tjx. they're out this morning. done well? >> yeah. so, look, forecasting slower consumer spending in the year on the top and the bottom line. but again, they had a great holiday quarter, and they're doing a buyback of 2-$2.5 billion. so again, holiday quarter was great. a little cautious on the year, but we'll have to see how it turns out. stuart: stock buyback usually works out. anheuser-busch, up nearly 8%. >> better sales even though there's lower volume.

so revenue was up 3.4%, but volume, so the actual amount of goods that they are selling, were down 2%. but the ceo came out on the call and said, honestly, this was all just china. there's a lot of weakness in china that p. everywhere else, seeing some green shoots of recovery. also lower demand in beer products but not as much lower demand for the non-beer products, spritzers and cocktails. stuart: got it. this is the big one, of course. we've been talking about it for a week. nvidia reports after the bell. what are you hearing about it? >> look, in the last 3-4 quarters, nvidia has moved 6% the day after a earnings in either direction, up or down. the options market is showing a similar move. we could see what could be a 7% move in either direction depending on how this goes. for the numbers look at a 72% rise in top-line revenue year-over-year and a 59% jump in revenue if -- in earnings, bottom line, year-over-year. stuart: meta, investing in a new

a.i. data. that's going to be expensive. >> yeah. stuart: where is it going to be? >> perhaps, about $200 billion for an a.i. data center is project. they are looking at louisiana, wyoming or texas -- stuart: so it's more than one data center for $200 billion. >> well, maybe one of those locations could be it. they're sending executives out to those states to see which state might be best. we don't have firm details because meta's saying, look, we announced that we're spending $65 billion on a.i. in the next year. any further rumors are peer speculation. we know that executives -- mere speculation. we don't know how it's allocated. stuart: somebody hits the jackpot with that, i'm sure. axon, they are the taser, body cam and drone people, and they're up 15%. what are they doing right? >> so, look, some of the cloud revenue for this company was up 44 percent. it's only up to $806 million, but annual recurring revenue was up 37% to a billion, and they're pulling forward their full year

2025 guidance to see growth of about 25% to about $2.5 billion. stuart: last one, super micro. know -- they are actively surging today. they met the deadline for getting that financial report. >> they did it finally. i feel like you and i have talk tad about this for the last six months. we talked about it yesterday. they got in the report, thank you, it is done, so is we can avoid any concerns of them being delisted. they're maybe here to stay. stuart: general motors has hiked its dividend. so what? >> i know. increase the dividend by 25%, increase the share buyback, thoz authorized about a $6 billion, but $2 billion will be in the first half of the year. as you know -- stuart: that this's counts, i think. we'll see you on "the big money show" starting at 12 noon, and you're on it. thanks very much. look at dow winners, why don't we. the winning stocks among the dow 30 headed by nvidia, up $3. salesforce, sherwin williams,

amazon, goldman sachs all on the winners' list. the s&p 500, that is showing super micro at the top of the list. axon's up there. intuit with, general noticer making that list. you don't see that very often -- general motors. nasdaq, intuit, workday, micron, atlassian corporation. coming up, even people on the left are praising trump's appointment of alice marie johnson as his pardon czar. >> somebody who's actually been incarcerated, been in the federal system, understands how the department of justice screws over people who should be coming home. stuart: she will be on this show later today. we want to know what is the chi tier ya a for a pardon these days -- cry tier -- criteria. tim kaine wants to end trump's national energy emergency. former energy secretary dan brouillette responds to it next. ♪well, i'll try to do it this time around a.

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stuart: in a little more than an hour, president trump holds the first cabinet meeting of his second term. elon musk will be in attendance. the meeting will be live. that means you'll be able to see the whole cabinet meeting right here. start around 11:00 eastern this morning. check those markets, please. very modest gain for the dow now, it's up 4, s&p up 19, but the nasdaq holding on to a 100-point gain. virginia senator tim kaine, he's calling to end trump's national energy emergency. trump's former energy secretary, dan brouillette, joins me now. mr. secretary, i'm told that if we end the energy emergency, the nat gas industry takes a huge

hit. is that accurate? >> yeah, i think so, stuart. i'm not quite sure what senator kaine is up to. sounds like sheer silliness, to me. look, stuart, the challenge we have in america today is building infrastructure, or building things like pipelines to get natural gas where it needs to be. and what we're seeing now in the marketplace is, on average a, for the smallest of projects it can take 3-5 years just to get the permit. not to build the project, just to the get the permit to move forward to build a project. that's unacceptable. when we look at the amount of demand that's coming here to the quites from in'sed -- in the united states from increased manufacturing, data centers, the amount of load is enormous. we must al-musawi do this faster -- we must do this faster. stuart: how long do you think it'll take to get the keystone pipeline in action, built properly and this in action? how long? >> i think if you could eliminate the inefficiencies in the permitting process and, frankly, clean up some of the

ju-ju additional -- judicial activity, you could probably do in many about a two years. it's a massive project. this industry is very good at what it does. our challenge with projects like the keystone pipeline is that we have a whip saw effect. one administration comes in and says please move fast, the next one comes in and says stop all action. that slows down the financing of these projects. stuart: why -- i want to go back to liquified natural gas, the whole nat gas industry and the emergency. why would anyone want to stop the growth of lng exports? why would anyone want to interrupt the nat gas industry? >> the only reason that i can think of, stuart, is you don't want to have natural gas being produced here in the united states or perhaps anywhere in the world because you have some concern about its emissions to from file. so, you know, as we've seen in the last administration, the implementation of this pause on lng exports was not designed to clarify its impact on the

environment. i think its real motive here was to shut down production of u.s. natural gas. stuart: that's ridiculous. we've got enough natural gas and we can export enough to power the world. i mean, it's a lower carbon emission than coal or oil. what's wrong with it in. >> that's correct, stuart. it not only is a lower emissions profile than heavier hydrocarbons like coal or perhaps even in developing countries wood, it's much more clean than that. what it provides here in america, stuart, is what's called base load electricity generation. it means you can keep the lights on 24/7, and you can do it affordably. as the president has noted, what we've seen here in the united states is the lack of pipeline capacity, and that's why in the northeast, for instance, you pay higher electricity rates tan some do in california. stuart: but senator kaine has introduced this bill in the senate the end the energy emergency. i take it that it's not going to pass in the senate which has a republican majority.

is that accurate? >> i think that's probably right, stuart. we're doing things on the outside to educate senators and other policymakers. we've created a restoring energy dominance coalition that's going to help put the messaging out there that a energy is important. as we've talked about, you and i in the past, stuart, it comprises roughly 6% of our gdp, but importantly, it's the first 6. everything else we do depends upon it. stuart: got it. we always appreciate it, dan brouillette. see you again soon. >> thank you, stuart. stuart: president trump's exploring possible tariffs on copper. lauren, i see the price of copper going straight up this morning. it's not exactly spiking, but it's up. lauren: it depends on the grade you're looking at. in some cases 3%, expect copper stocks are higher too after the president signed an executive order direct the commerce -- directing the commerce secretary, start an investigation into whether foreign production of copper risks national security as well as economic security is. copper is used for so many

things in the electric grid and in cars, particularly electric vehicles. while most copper comes from chile, canada and mexico, the trump team thinks that china is looking to dominate the copper market, and the u.s. imported 45 of copper last year. -- 45%. they haven't speculated what the tariff could be after this investigation if they go through with it, it's not automatically 25% like steel and aluminum, but tear table a potential tariff. stuart: and the price is up. thank you, lauren. coming up, the president's political power, well, it was on full display last night. he knows how to cajole, threaten and flatter to get his way. my take at the top of the hour. it's a near miss on the runway at a chicago airport. we're going to tell you exactly what happened. ♪ ♪

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stuart: look at this, this is the video of a near miss on the runway at chicago's midway airport. mike tobin is there. all right, mike, take us through it and tell us exactly what happened. >> reporter: well, i can tell you from the perspective of the

passengers who were onboard southwest flight 2504 yesterday. today didn't understand the near miss they had. it was just before 9:00 in the morning. southwest 2025 the 0 was -- 2504 was inbound from omaha a, nebraska, and a very alert pilot noticed that flex jet 560 was right in the middle of the runway. he executed what southwest called a precautionary go-around. as far as the people on the plane, they said the crew was calm throughout the whole process and all they really understood is that they had a delay. >> i hear the thrusters going and we're back in the air. kind of view ised it as a nonevent, something happened, no big deal. i'm like, sun of a gun, what's going on -- son of a gun, what's going on now. didn't realize the magnitude until you saw the actual video footage. >> reporter: audio with the tower tells us the pilot of that

flex jet was told on which runway the taxi, to cross the smaller runway, 31 left, and stop before he got to that big one, 3-1 center where the southwest flight was landing. the pilot didn't understand the instructions the first time but seemed to understand when the tower repeated the instructions. still, he ended up on the landing pad. >> turn left on runway 4 left, cross runway 3-1 is left and old hold center. >> left are on 4 left, cross the 2-2 or 1-3 center -- [inaudible] >> negative. cross runway 3-1 left, hold short runway 3-1 center. >> [inaudible] if. >> reporter: something else you can hear from the air traffic audio horsily after that incident, the pilot on the southwest flight radioed back to the tower and said, tower,

explain to me how that just happened. also later you hear the tower instruct that flex jet to call the tower and gives out the number. one thing that pilots will tell you, that's a little like being called to the principal if's office a once that number goes out to the pilot, pretty much everyone knows that pilot's in trouble. stuart: you're in trouble. thanks very much, mike. see you again soon. i want to check the markets for you. frankly, the market's performance today is heavily dependent on the performance of nvidia when they report their earnings after the bell this afternoon. at the moment nvidia is up a solid 3.5%. but countless analysts are told this program that if there's the slightest hint of not a stellar performance by nvidia, the whole market could come down. especially big tech. we'll be interested to find out what happens just after 4:00 eastern time on fox business. you can see nvidia's numbers.

most important though, the call. what does the ceo with, jensen huang, what does he say when he calls all the analysts after the release of the numbers. that's what the stock depends on. elsewhere we've got the 10-year treasury yield way down. look at that, back to 4.3%. the price of gold still shy of $3,000 an ounce, 2,918. bitcoin, no recovery, 87,000 a coin and actually going down. the price of oil well below $70 a barrel, you're at $68.97. nat gas also on the way down. the return of warmer, slightly warmer weather to the northeast hurting the price. as for gasoline, the average price for a gallon of regular is $3.13 across the country, but in california you will pay $4.82. still ahead, the ceo of nano nuclear, james walker, he's going to be here. his company is making nuclear reactors that fit on the back of a truck.

that's one right there. and in about an hour, president trump holds the first cabinet meeting of his second term. he says all cabinet members are very happy with musk. we'll bring it to you once it starts. the 10:00 is hour is next. ♪ ♪ in this thing called love -- ♪ this thing -- shakes all a over like a yeley -- ♪ i kind of like it, crazy little thing called love ♪ i'm thinking of updating my kitchen... —yeah? —yes! ...this year, we are finally updating our kitchen... ...doing subway tile in an ivory, ..

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stuart: queen and david bowie. very good. nice song. under pressure. i feel no pressure whatsoever. trump will hold the next meeting of his second term as you willab