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tv   Varney Company  FOX Business  February 27, 2025 9:00am-10:00am EST

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maria: who said he's not as popular as a when he took office? >> 49%? >> it's a necessary positive. but what i really want to point out is satisfaction with our country has gone up 15 points overall in the last month, up 18 points with independents and 58 points with republicans. and if so despite the fact that you can look at these number ands if say i'm not so sure, he's doing really, really well. people have hope many our country again. maria: the last harris caps poll, you've got lots of support for a lot of his ideas sms jessica, final word. >> i think we need to talk about the secretary duffy9 and the work he's doing at the faa. he's going in to fix problems whether it's high-speed rail and that money pit there, he's doing a great job. maria: great panel -- panel, you guys. "varney & company" picks it up now. stu, take it away. >> good morning, everyone. --
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stuart: britain's prime minister, keir starmer, arrives at the white house today, the sixth world leader to visit just in the month of february. he's offering british troops as a peacekeepers in ukraine. tomorrow zelenskyy arrives. he's negotiating a mineral deal. it's a mineral mining deal with president trump. everyone wants to get on trump's good side these days. america has clout in the world again. if the money story the more -- this morning, that would be nvidia. they turned many in another stellar earnings report. they saw $11 billion of their new blackwell chips, that's almost triple what was expected. as the wall street journal puts it, nvidia is far from running out of road. tock's up. investors like it -- stock's up. the dow on the downside, but look at the nasdaq, up 128 points premarket. if no recovery for bitcoin. look at it now.
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85,000, where are we, 86 and small change, that's where we are right now. little change for interest rates. we have the 10-year coming in at 4.28. the 2-year is at 4.10%. oil just a little higher, trump is ending the deal that lets chevron drill for oil in venezuela. slightly less spry equals a slightly higher surprise -- supply, equals a slightly higher price. diesel down to $3.67. politics, a blockbuster announcement9 from the president. he will impose 25% tariffs on the european union. he says that union was only formed to to screw the united states, his words. european if car company tocks, they are tumbling the morning. those tariffs would really hurt their ales in america. this is ominous. the federal government workers, that is, the personnel office a says get ready for large scale firings, end quote. and sad news this morning. one of hollywood's greats has
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has passed. gene hackman if was 95. he and his wife and his dog were found dead in their home in new mexico. the cause of death has not yet been rereeled. thursday -- rereeled. thursday, february the 27th, 2025, "varney & company" is about to begin. ♪ ♪ stuart: president trump announced a new 25% blanket tariff on the european union. here's what he had to say. >> they've really taken advantage of us in a different way. they don't accept our cars, they don't accept, essentially, our farm products. they use all sorts of reasons why not, and we accept everything of them. and and we have about a $300 billion deficit with the european union. i love the countries of europe. i love all country, frankly, all different. but european union's been -- it
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was formed in order to screw the united states with. i mean, look, let's be honest, the european union was formed in order to screw the united states. that's the purpose of it. and they've done a good job of it, but now i'm period of time president. [laughter] -- now i'm president. stuart: he say it is the european union may try the retaliate with air riffs of their own, but they will not succeed -- with tariffs of their own o but they will not succeed. we'll talk with peter favreau around 11:a 15 -- navarro. the house got the the big, beautiful bill framework, but senate republicans athey need major changes in order to get a yes vote. jason chaffetz if joining us now. seems we have a split between the senate and house republicans. what's the path forward, because getting those tax cuts extended, that's an absolute must if. >> yeah, you really do want to have them as long as possible, permanent if possible. they need to get on the same page. this is what reconciliation is
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all about. the senate always a goes a different direction than the house and vice is versa. and if that's why you go to reconciliation. there is this process in place, and i'm sure hale work through the it but, boy, the margins could not if be tighter, and they do need the taxes to be permanent, i think. stuart: do you think there will be any democrat rotes in favorite -- votes in favor of this this? i hear a lot of democrats saying, okay, raise taxes on the rich are, but keep those the tax that cuts for the middle crass. any chance of that chapping? >> -- that happening? >> no. no. they're going to sit back and force the republicans to get their act together and all get on the same page. thomas massie went another direction. he decided to to go with the democrats on that that last vote, and boy, the margins are tight. this is going to be a personal test for donald trump. his personality and the idea that he's going to have to personally go through a lot of these senators and house members, that's the big task
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ahead. it shouldn't all be on donald trump. this should be self-evident, this is why you're a republican. it is a team sport. but, you know, they've got to get that, they've got to get it over the finish line. still very complicated, and it's going the take some time. stuart: i ran into a lot of people who were prized to see the role that elon musk played at trump's cabinet meeting yesterday. he is and the president were the central figures. at times, musk appeared to be running the cabinet meeting. looked to me like it was the trump and musk hoe. what do you a? >> no, i don't think so. look, he was sitting where he was supposed to. he wasn't at the table there. he's not senate-confirmed, but he is, essentially, a senior staff type of person. and there are a lot of questions in that room about, you know, or they're directed towards elon musk. look, he's been able to do what i have never seen and p look, i served for more than eight years. we couldn't get the granularity,
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we couldn't get the truth out of the administration. he's been able to do it in record time. so he is nothing but 100% asset to the cabinet, to the president. i don't think he's running it but, boy, he and his team are able to uncover things that i used to be the chairman of the oversight committee. i could never get that detail that elon musk has been able to uncover. stuart: that that's true. how many times have we heard an administration say, yeah, we're going to get rid of the waste and the fraud, but they never actually get down to doing it. jason chaffetz, thanks for being with us. see you again real soon to. check futures, please. i see a little red ink for the dow, but i see a nice patch of green for the nasdaq, up 145 points. adam johnson with me to look at the market this morning. >> yes, sir. stuart: we better lock at nvidia. their earning came in -- earnings came if in strong. does that peen the a.i. boom has
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legs? >> oh, you better believe it. ask it's not just nvidia. in the most recent quarter just reported yesterday, revenues for one quarter were about $50 billion. in the same quarter two years ark they were $5 a billion. if right? if so revenues have gone up ten times, which is why the stock has gone up ten times. now, do we think that we've knews are going to keep going up ten times -- revenues are going to go up ten times every two years? no. they do keep growing at 20, 25% and actually nvidia is growing faster than that at 75%. you have the own nvidia. and now if we sort of broaden out the conversation, look at some of the other names that have reported this week. super micro computer which was up 25 because it's the now quite guiding to to 6 a 5% -- 65% growth. sterling infrastructure. i own these stocks, that's why i know them. sterling infrastructure wilds data centers -- builds.
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their earnings were 70 more than the analysts -- 17% more than the analysts -- 170% more. nvidia a's going to keep selling chips. stuart: so they're going -- the major tech companies have to keep on piling in tens of billions of dollars into a.i -- >> actually, no, hundreds of billions. stuart: they've got no choice -- >> they've got no choice. it's the way forward: and in the same way, stuart, every company had to become an e-commerce if company and learn how to sell directly the people, and then they had to become a cloud company because you couldn't just load all this stuff on your computer, the cloud is more efficient, now every company has become a data analytics company and, ultimately, or an artificial intelligence company. and nvidia is at the top of the ecosystem. stuart: i'm trying to remember, a year ago were we talking about a.i.? >> sort of. stuart: were we beginning to -- >> you and i, i would go about
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14 months before nvidia had lift areoff, and it started to percolate. and you were saying, how grow play this a.i. thing? i said, i think you do it with nvidia. why? they're a semiconductor company. they make the chips -- you remember the that conversation? stuart: i do. >> it was the only 14 months ago a. it's amazing. stuart: stay there, please. trump signed an executive order giving musk and doge a little extra power to tackle our growing debt. morning, lauren. lauren: morning. stuart: what does it do? lauren: cuts i out more waste by asking the federal agencies to work with elon musk and doge to review are contracts, record and justify in writing all payments made and grants provided, provides justification for federally-funded travel and look at the real estate, are you actually using all those office buildings? the agencies are expected to then hand in tear review, and at that -- their review, and we could see a next round of cuts. stuart: they're coming.
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here it comes. lauren: the review is taking place by executive action. >> and may i say, keep going, elon. well done, sir. stuart: it's popular. thanks, lauren. coming up, during trump's first month in office a i.c.e. arrests spiked 627% and over 1600 illegal migrants have been deportedded. the administration is coming down swift and hard at the border. elon musk praised the president saying he's put together one of the greatest teams in history. >> president trump has put together, i think, the best cabinet ever. highly appreciative of people in this room. stuart: the president likes to hear that. one of the people in that room, secretary doug burgum, he's going to be here later in the show. house republicans pushing a bill to to rein in federal judges from blocking trump's agenda. congressman darrell issa is leading the charge. he'll explain what his bill is meant to do after this. ♪ i fought the law and the law won. ♪ i fought the law and the law
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♪ stuart: the congressional doge caucus is introducing three bills to rein in government spending. irish a shah hasnie joinings uh-oh to -- aishah hasnie is joining us from capitol hill. how do they actually cut waste? >> reporter: good morning, stuart. what congress is doing or house republicans are doing right now is mirroring what elon musk is doing with the federal work force, and they're actually starting with themselves. so let me go through the three new bills that were announced this week. the first one is is interesting, it's called the drain the swamp -- excuse me, the first one is called put your money
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where your is act. okay, that's an interesting one. it calls on lawmakers to reduce spending in their congressional offices by $100,000 the over the course of a year. so they're sport thing with their own offices -- starting with their own office as first. the second is called the drain the swamp agency -- the swamp act. and finally, the cuts act claws back all that covid relief money that never went anywhere. republicans want president trump to know they will not allow another president to just come in and executive order and reverse everything he's doing right now. >> well, i told him that that we've got his back. there's a lot of folks that are, you know, excited about a making government small per, affordable again -- small if per, affordable again. so we let him know that as well. >> reporter: the senate is also pitching the in, stuart. the doge caucus chair, senator
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joni ernst, says her office discovered aid that was supposed to, quote, allele leaveuate -- alleviate economic distress in ukraine, instead it was used for things like sending ukrainian molds to fashion week in -- models to fashion week in various cities around the world, so that's going to raise eyebrows as a president zelenskyy comes to washington on friday. today some terminated usaid employees are going to to the ronald reagan building to collect their personal belongings. this is also a for folks that are put on leave. this is as doge continues slashing the federal work force. you can see quite a few people out there who are ready to receive those workers. we've got our eyes on that once that begins. they're going to have about 15 minutes to go in, pick up their personal belongings and then get out of there. stuart? stuart: 5 is minutes and that's it -- 15 minutes. >> reporter: that's it. stuart: okay, got it. thanks for joining us. see you soon. joining us now, california
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congressman daryl darrell issa. -- you introduced a new bill trying the prevent them from derailing the trump agenda. exactly how the do you rein in the courts? >> well, thank you, stuart, thanks for having me on. rogue judges is what this act is all about. there are almost 700 district court judges around the country, and the ones that tend to be from obama and biden have been systematically taking cases in hawaii and all over the place and then saying that these are national injunctions. if they're, you know, these people are shopping for a judge that's going to give them the ruling they want, which is a temporary injunction. as a matter of fact, last night chief justice roberts had to actually at 10:00 night undo a stay that would have, if it wasn't undone by the district court -- by the circuit court, would have sent $2 billion to foreign sources immediately, by midnight, based on two biden and
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one obama judge ruling that, oh, yeah, you can send it immediately, there's no harm. obviously, a stay to make a sure that money should be sent a is appropriate, and and justice roberts had to stay up late to do it. stuart: got it. listen to what pete hegseth had to say about dealing with officials involved in the afghan withdrawal. tough stuff. >> i'm not going to tell this man what to do, but i will say if i had his place, i'd fire if every single one with of them. >> it's a question we've thought a lot about. we're copying a complete review of every sin single as aspect of what happened with the botched withdrawal of afghanistan and plan to have full accountability. >> i think they're going to be largely gone. that was a horrible display. stuart: congressman, do you want to fire all the military officials involved mt. withdrawal if? fire them all? >> we've got to fire the ones that are responsible. by the way, not just the at defense, but at state. our investigations on both of
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these committees showed a lot of absolute culpability for the disastrous withdrawal and the people who died. so, of course; tease people are to be held accountable. they weren't accountable, they were covered up by the the last administration. stuart: attorney general pam bondi has dismissed all a dei lawsuits involving police officers and firefighters. she says the biden administration if unjustly targeted departments for using aptitude tests to screen candidates. if meanwhile, her chief of taffe implied that dei played a key role in the devastation of the l.a. fires. do you agree with that assessment, congressman? >> i absolutely agree that merit should be the basis. when itment isn't is, you get less than the -- when it isn't, you get less than the best. we've got to get back to aptitude, experience, the things that you and i would say make the best person. and when it comes to dealing with fire before, during and after a, we've got to quit having it be based on some sort
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of an outreach when, in fact, the people of l.a. are suffering, tens of thousands, by what would have been preventable fires. stuart: should there there be strings attached to any federal aid that a goes to california? >> absolutely, there's gown to have to be -- going to have to be. and one of them the president made clear when i was with him in los angeles. we'll do our part to expedite, but we're not going to tolerate excess costs or delays, and there are going to be strings like that, no question at all, because otherwise we're just throwing your federal dollars at an inefficient delay california. stuart: congressman, thank you very much for being with us. always appreciate it. thank you, sir. >> thank you, stuart. stuart: president trump has secured his minerals deal with ukraine. lauren, is he calling it a win? lauren: sure is. and and president trump says president zelenskyy is ready the sign the deal where profits will be shared equally between our country9 and the ukraine meaning the u.s. gets a 50% cut of proceeds from its natural resources including oil but also
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rare earths. listen. >> they're doing very well with russia and ukraine. president zelenskyy's going to be coming on friday, that's now confirmed, and we're going to be signing an agreement which will be a very big agreement. and i want to thank howard and cost for the job you guys did in putting it together. you really did an amazing job. and that'll bonn rare earth. be on rare earth and other things. as you know, we're in for probably $350 billion, and europe is in for $100 billion. and that's a big difference. so we're in for probably three times as a much. lauren: it's not just the number. 9 another big difference is the president says europe gets their $100 billion back because they gave it as a loan. what a does the u.s. get back? we want to get repaid too, so is he's out toing that mineral deal deal. stuart: it's the business approach, isn't it? lauren: to everything. stuart: we've got money going
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in, we want money back. check futures, please. the nasdaq, nice gain, 167 higher. the opening bell is next. ♪ up where nay walk, up where they run -- ♪ up where they stay all day in the sun. ♪ wandering free, wish i could be part of that a world ♪ ♪ 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. (♪) only the servicenow platform puts ai agents to work across your company. they deal with the small stuff that bogs you down. agents like secret agents? you know... i once played a secret agent. - oh... - oh i miss that one. i heard you were great.
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stuart: futures, a little bit of red for the dow, but look at the nasdaq, up 157 points. come on in, d.r. barton. we're going to start with nvidia, have to, you know? [laughter] that's the the name of the game today. they beat estimates. and it seems to me that the general opinion is that the a.i. boom is still on track. do you agree with that? >> i have to agree with that, stuart, and i think you're right in that we had lots of reasons to be concerned whether we had seen peak a.i. already, whether deepseek and other things were going to cut into nvidia's business. they gave us a resounding answer a yesterday especially with their new blackwell chips. they are selling really well, and they're looking to raise margins on them even. so lots of good things happening at a nvidia. just not as huge as what a we
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used to see from them, not a huge beat, but a really good beat, and i think it portends well for the next quarter and for the rest of the year. stuart: would you say that if you're forming sort of the bedrock of investments, nvidia's got to be one of those core stocks that you own and if keep for a long time? >> i think, stuart, that they are in that place of dominance in their industry, even though the chip industry is huge. what they do, to one else doing. -- no one else is doing. er the doing it better than everyone so is, yes, let's keep them as a bedrock of our investment portfolio. you know, we talked about a them in february of '23 at $20 the.08 on this show, and they have now, we see what they've done. i think it's a good place to be to. stuart: you've done some interesting research on which companies would benefit from the minerals deal with ukraine. and you come up with carpenter technologies. tell me more. >> yeah.
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they're a local philadelphia company, stuart. i'm down here in delaware, and they've been around since 18899. they do specialty alloys, the things that are really difficult to make that are made in mauler batches, but they -- smaller batches, but they do it in all kinds of different areas from recreation to chips, to electronics. everything that those rare earth minerals need to go to different types of materials, not just with into the simplest or the most sophisticated electronics. a $10 billion company, they're on the upswing. i really like them as a long-term hold. stuart: $200 a share, where are they going in. >> they could go -- they could tack 10% on that in this year, and i'm counting on that, stuart. stuart: okay. we'll see. thanks very much, d.r., always good. now look at the markets. we've got a different look for the opening bell this morning. trying a different way of actually putting it on the
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screen. there you have it. you can see all of the indicators, the dow at the top there, top-right, up 61. s&p in the middle, up 27. the nasdaq, well, we'll get a quote at some point, yeahing there you go, up 137,? 137 points higher. big screen of big tech, please. where are we? if on on the upside across board. amazon, meta, alphabet, microsoft -- apple, the only loser. it's only down 26 -- 44 cents, that's it. let's get back to the nvidia. taylor's with us in this morning. we've been talking about this all morning, and the stock is up 1.8%. tell me more. >> yep. so you know the data that, revenue was up about a 78%, looking for it to grow about 65% next quarter. of course, that is slowing growth relative to the 260% growth that we saw this time last year. gross margins slimming just a little bit, but every analyst i speak to and have read reports from this morning can say maybe
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good, not great. this isn't an nvidia problem, it's more of a jittery stock market if problem. no one looked at this and thought i've suddenly changed my thesis on nvidia. this is still the company. stuart: amazon, i'm interested in this, unveiled its first quantum computing chip. back you tell me about it? >> os to lot, i believe, is --'s lot is what a we're calling it. -- ocelot. they can reduce computing errors by 90%. they said this is a prototype. this isn't a full blown quantum computing program. this is a protoif type. once they make sure that they can reduce those the errors that we've talked a lot about, then they will scale, but still a very exciting development. stuart: the market likes it. the stock is up over 2%. >> yeah. stuart: microsoft if wants president trump to change u.s. trade policiment what does microsoft if want -- policy. >> roll back some of the extreme export limits that they have on chips.
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particularly microsoft thinks allies, israel, switzerland, india with. if we don't loosen up our export controls to those countries, they're going to to go to china. microsoft if saying we need to open up to our allies. stuart: got it. snowflake, i know they're a cloud are company, and i know they reported earnings. it's up 11%. >> yeah. much better than expected revenue for the year. and i think one of the biggest one-day gains for the stock that we've seen in about three months. they recently launched an a.i. product, and it is working given that product re few was up 24%. stuart: how about google in i know they're cutting their cloud division. the stock's up a little bit. how many people are they cutting? >> yeah. fewer than 100, primarily in sales because, you know, us cloud revenue for this company has been slowing a little bit. basically, this is the story that we've been hearing, they want to free up more resources to invest in a.i.. stuart: why is sales forest down so much? >> you know -- salesforce?
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>> the ceo is downplaying the impact pa of agent force which is the a.i. bot of salesforce saying that the contribution to revenue is really going to be the minimal this year. we won't see more significant contribution until next year. think people really wanted more from agent force this year. stuart: teledoc. they're a falling out of bed this morning, down 16. >> disappointing results, as you might expect. remember, teledoc has been in a deep slump. they've been down in each of the last four years in terms of the share price. we know there are high operating costs. there's a lot of competition within telehealth and as well as this company, their mental health division, were the health -- better health, is also a having some problems. stuart: here's another stock that's sharply lower this morning, and that is sweet green. not that much down, just 2%. >> yeah. so, again, a miss. i think what was interesting is they're highlighting a lot of the extreme weather events, particularly l.a.
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they get 15% of their revenue from the l.a. region. of course, the wildfires really impacted them. is so they're saying, clearly, some consumers pulled back. again, not sure if this is a long-term issue or that one-off event due to's treatment events. stuart: what went wrong at a ebay? they're down too. >> yeah. so so they're forecasting revenue in the next quarter that's well below what analysts wanted. and what's interesting is the ceo said they were seeing at hot of cautious consumer spending in europe -- a lot of -- but now they're really starting to see it in the just. if you're not an after a fluent company, you're really starting to pull back. clearly, that's hitting ebay. they're also highlighting that de minimis if tariff rule where you can't import items under $800 now and impacting them too. stuart: bitcoin. last time we checked it was down the around, what is it, 86,000. what's the story? [laughter] this has been a wild ride. so in december we were 108, and then yesterday we were like, oh, we dipped below 90. and and overnight you're like,
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oh, my gosh, you're down to 82 before finally bouncing back up to 86. the good news is maybe we hit that floor. you're bouncing off of the lows of 82. but still, you're well below 90. maybe this is some of the air a coming out of the big momentum we had9 with the crypto bros with trump. we'll have to the see. again, a lot of analysts hi this too has been a jittery market. stuart: got it. taylor, we'll be watching you on with the the big money show," 12 the noon here on fox business. adam, oh, you've gone back to the well -- >> i have. [laughter] stuart: we've asked you for your stock pick, on several occasions you mention coinbase, and you're still the recommending it today. >> it's the single easiest way, i think, for most people to play. and i hate to use the word play, but to -- yeah, play. bitcoin, right? you can go and buy bitcoin, but there are all sortses of strings attached whereas you can easily go to your brokerage account and
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trade coinbase. it trades almost 1 for 1 with bitcoin. but why i think you why it here on the lows, whenever it goes to 200-ish i buy it. what's changed in this week is ken griffin of citadel has said he wants to start making markets in bitcoin, and he wants to use coinbase as the trading platform of choice. well, coinbase is already the trading platform of choice for blackrock, the largest money management firm in the world. every single one of blackrock's institutional clients uses coinbase. so i think it's become the one stock you have to own. it's sort of the last one standing. if you remember a few years ago, a lot of them went out of business. not coinbase. it's the one to own and especially when it get toss to 200. stuart: that is a strong endorsement. thank you very much. we'll check it out. >> okay. stuart: president trump's decision to appoint alice marie johnson as his pardon czar, it's getting praise from all sides is. she'll join us a little later. she's going to tell us what what
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it takes to get a pardon if these days. cnn's jake tapper defended president biden's cognitive abilities and refutedded any claim he was in decline. watch. >> it's so amazing to me -- >> and try and figure out an answer -- >> cognitive decline. >> you trying to tell we what i was suggesting was stuttering in i had the -- >> i think you were mock his stutter, and i think you have no understanding to diagnose minute's cognitive decline. stuart: whoa with. now he's coming out -- tapper -- with a new book, quote, exposing the cover-up. wait. wasn't he part of it? we're going to take that that one on for you with. president trump ending oil concessions for venezuela. well, john cats ma tee d.c. is an oil guy. he's here, he's going the respond. we'll be back. ♪ ♪
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stuart: a a h, this is just coming at a us, news on tariffs. what dudes do you have? lauren: trump writing that tariffs of 25% will take effect on mexico and canada on tuesday, march 4th, and an additional 10% on china also on tuesday. he writes, many americans are dying from fentanyl, so that is the biggest impulse if for him doing this. chemicals -- i've done in this story. 200 americans die every single year -- every day. 97% of the chemicals, the precursors that go into fentanyl come from china. they subsidize it. they ship it to mexico who smuggles it up through the board, and the same thing in canada. -- border. stuart: an additional 10% tariffs on china -- lauren: and he's keeping the date of april 2nd for the reciprocal tariffs too.
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stuart: no response on the market, adam a. >> all the indices are great. i think that is because mr. trump has done an admirable job of telling us all what a he planned to do. this is not surprise. he's been telling us for months that he was going to to put tariffs on, and and it kept sort of going through the process, let everybody know. that's why stores hike walmart stocked up on stuff -- stuart: but it's a negotiation. you don't know those tariffs will actually be imposed. >> thank you. i think that's the single most important takeaway. this is mr. trump's lever, it's his bargaining tool, his go-to try to get what he wants. stuart: and the dow is up nearly 200 points. president trump's reversing biden's oil deal with venezuela. i've got to no problem with that. starting saturday, companies like chevron will no longer have a license to drill there. john cats ma pa tee d.c. joins me now. you're an oil guy. you okay with this. >> oil is, you know, what people don't say, oil is the world
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currency. the way oil goes, so goes the price of food, so goes the prices of a lot of things, so goes the interest rates. etc., etc. and president trump is the greatest dealmaker, "the art of the deal," the greatest dealmaker ever. he throws it out there is and waits for even else to surrender. stuart: so are you okay with venezuela, not going to get oil -- >> i'd rather buy it from canada a than venezuela. venezuela has not done anything great for america other than take the back the murderers and the criminals. stuart, and actually, they're not taking them back, and that's why trump is reversing the deal with venezuela on oil -- >> if they're not taking them back -- stuart: they're not. that's what a trump said. >> -- that's the right thing to do. stuart: got it. listen the what the agriculture secretary, brooke rollins, listen to what she had to say about the plan to bring down egg
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prices. >> we're looking at bringing in some eggs, importing some eggs in the short term. we're talking to several countries around the world that can get us eggs right away. this would not be a long-term fix if, but to immediately begin to bring those prices down. the egg prices we're seeing now was a long roll of overregulation, too many rules, too much government. so so that's part of this plan as well. stuart: okay. john, at least the administration doing something, you know? there's something to be said for that. do you think they'll bring the price of eggs down? >> the price of eggs will come down. st just a fluctuation. you know, we had a problem, and the previous administration did not handle it right. but we just -- what a does it take for a new flock of chickens to be born? that's what it comes down to. stuart: this is all about the bird flux isn't it? >> yes. stuart: you killed hundreds of millions of egg-laying chickens, so the supply goes down and the
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price comes up. i can see how importing eggs is a good idea, but the real solution is to grow back those flocks of egg-laying hens. >> and it'll take six months. stuart: you think? you own a supermarket chain. >> we own gristedes in new york, and people holler at the price of eggs are high. what are you going to do? we mark it up the same mark-up we always did on eggs, and i understand some of the chains in new york have no eggs. at least we have eggs. stuart: do you ration them? >> no. stuart: can i ask you what's the price of a dozen eggs -- >> it's like asking george bush what's the price of milk. [laughter] stuart: okay, you don't know. >> it's about $8.9 9 probably a dozen. goes from $8.99 to $12.99 lately. stuart: it'll come down in about six months -- >> how do we do 99 cents anymore when there are going to be no pennies? stuart: they're still around. >> they're till around.
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stuart: thanks for joining us, john. president trump has revoked a biden era housing policy. housing policy has he revoked? lauren: the rule called affirmatively furthering fair if housing. it rife r -- required towns to track segregation patterns. they've they'd spend hours filling out paperwork in order to get federal money. now the secretary of hud, cost turner, says the agency will trust the towns and localities to follow the law, and local leaders can determine their own zoning. if you recall, this became a lightning rod in the 2020 election. trump had said, look, democrats are trying to abolish the suburbs and destroy the value of people's homes. stuart: got it. thanks, lauren. you can tell there's a business guy in the white house. policy is geared to making money. nothing wrong with that, and and it is a my take at the top of the hour. there's been an increase in air a safety innocents -- incidents. the transportation secretary wants answers, and he's going to
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the faa's training headquarters. he's going there. we'll tell you the full story next. ♪ ♪ ♪ chocolate fundraiser. with the chase mobile app, things move a little more smoothly. ♪ deposit checks easily and send money quickly. ♪ that's conveniefrom chase. if you're like most americans, the concern about not having enough money to retire the way you want to.
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stuart the transportation secretary, sean duffy if, he's in oklahoma city right now to tour the federal aviation administration academy. grady trimble's there. grady, you got a behind the scenes look at the academy. tell us more. >> reporter: stu, we did. we got to see exactly what secretary duffy is going to to see while he's here today, sort of a firsthand look at the training that goes on at the faa's air traffic controller academy. i want to show you this video because it'll really help you appreciate what the students at the academy are learning here. this simulator that you're seeing -- and i think it's actually the very same one that duffy going the see while he's here -- plays out real world scenarios that controllers would encounter on the job. the head of training for the faa says the agency would like to invest more in this type of cutting edge technology the get
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controllers trained faster. but here's the thing, one of those simulators costs something like $750,000. another challenge for hiring and training air traffic controllers is right now only about a 65% of students actually pick it through the academy if -- make it through. that's a 35% failure rate. but the faa says it has a plan to increase that graduation rate. >> we'll have the new curriculum in place sometime in fy-26, so fiscal year '26. various different initiatives we have looking at the technology that we use, how we train, how we teach, looking to to increase thatting is rate. we're not lowering the standard. we want the post qualified people for the job. >> reporter: and when we talk about the air traffic controller shortage, this number illustrates how serious it is. the faa wants to hire something like 3600 new controllers, that is according to the air traffic controllers' union, but they say they have a plan to improve
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their numbers. listen. >> we are moving in the right direction. i know it doesn't look like it, doesn't feel like it as we stay in the news for various things. but when you look back a year ago, we are moving the needle in the right direction. >> reporter: and secretary duffy is going to to speak in this very hangar later today. we're told he's going to the make a big announcement related to air a traffic controller hiring. that's' happening at around toon eastern, to stay tuned for that, stu. stuart: grady, thanks very much, indeed. chick -- quick check of the markets. little bit of green, the nasdaq now turning south, it's off 100 points. check the 10-year treasury yield. it's at 4.2 8%. the price of gold, not even chose to -- well, not bad. it's $2,883 per ounce, down $40 today. bitcoin, we're looking at $85,000 a coin right now. 85 grand.
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oil, that price below $70 a barrel, you're at $69.71. nat gas is now right at $4 almost. thanks, adam, for being here, gotta say that. good stuff. and still ahead, border sheriff mark dannels on i.c.e. arrests spiking over 600 since trump took office -- 600%. truly's newly-appointed pardon czar, alice marie johnson, she's going to to tell us what it takes to get a pardon these days, and peter navarro on the 10% additional tariffs trump just slapped on china. he's going to comment on that. interior secretary doug burgum, he'll join us. he says energy is the key to everything. the 10:00 hour is next. ♪ i never cared much for moonlit skies,. ♪ i never winked back at fire flies. ♪ now that the stars are the in your eyes -- ♪ i'm beginning to see the lightening ♪
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