stuart: uncle cracker? lauren: that's what we used to call it. stuart: i never heard this song before. what was i doing 25 years ago? working. all right. let's get on with it. it is 10:00 eastern, donald trump says tariffs on mexico and canada will go into effect on march 4th. also an additional test 10% terrible be levied on china. look at the markets, look like the nasdaq is falling out of bed, 243 points as we speak. look at nvidia. this morning at "the opening bell" nvidia was close to 3%, now after 30 one minutes worth.

the 10 year treasury yield still below 4.5%, 4.3%, the price of oil below $70 a barrel. bitcoin no recovery, you're looking at 85,000, is it? down to 84-6 right now on bitcoin. attention realtors, real estate news, the latest read on pending home sales. stuart: "america's weather weekend" it is down 70. 6, the lowest level on records that go back to 2001. the national association of realtors says weather is a factor, call the january 25th years but there was one region the contract signings rose, northeast. stuart: that is us. you just confirmed the real estate industry is not looking good this moment.

neil: we will see if there is a rebound as the weather warms up. stuart: you can tell there's a business guy in the white house, policy is geared to making money. there's nothing wrong with that, it's just very different from the biden era, moneymaking, on the same as money grubbing, profit meant greed, it was frowned on, times change. how about that gold card for wealthy immigrants. it used to be you got into america if you agreed to invest big-money in our economy. now with $5 million to the treasury and you are in, straightforward transaction with a fixed price, very businesslike. tariffs are a moneymaking proposition, the president expects to bring in hundreds of billions of dollars, suggests so much money will be rolling in the income tax could be replaced. foreign policy could be a prophet too. zelenskyy is coming to washington to sign a minerals

deal which will be lucrative for america. let's not forget gaza, trump want to turn it into the riviera of the middle east, he's not joking. at heart he's a developer. he knows the value of beachfront property. how about federal land, the government owns 640 million acres. there is an asset that's not producing much revenue. the general services administration wants to plan to sell half of it. that would be a huge moneymaker, this president is determined to raise revenue but not by raising taxes, that's the democrats policy and it doesn't work, you don't tax your way to prosperity. to the left, profit is a dirty word. to trump it is just basic policy. second hour of varney just getting started. brian brenberg joins me this morning. there's nothing wrong with profit, is there?

brian: first time i came on this network was because there was an article called profit is not a dirty word. trying to speak to young people how they need to understand what profit really is and at the end of the day it is a win/win. if you sold the thing at a profit it means you used your resources well and your employees and owners will benefit. if you are the customers you like a product, you're willing to pay more than it costs to make it because you valued it so much, not just not a bad thing, it is a good thing and brings people together. he never gets credit for that. stuart: to the left, profit is a dirty word. any profit to the left is dirty. all profit is excessive. that is what they keep coming at you with. brian: they all buy into this marxist thing and you know this, you studied marks, you understand he doesn't

understand that profit means you've done something better in the world than existed before. that is what it means, you combine things in a new way. this president is bringing people together, resources together, places together to create new value and you know what the byproduct often is, peace because it's not coercive, it's voluntary. >> profit funds progress and innovation. >> without it there's no incentive. stay still. stuart: change the subject for a second. trump is getting backlash for changing the white house press pool. back in 2,023, than president biden did the same thing, he cut more than 400 reporters credentials. the media freaks out when trump does it but not when biden does it. an obvious double standard. brian: of course there's a double standard. the reason he's doing this is the same reason the press pool

was created in the first place and that wasn't created until the eisenhower administration. they did it because media was evolving and they needed to change with the times. the trump administration is saying you have new media now, new people, new voices, new perspectives, why not make them part of the conversation? america is sick of the same old stale group of media elites dominating the conversation who in my view have gone far left, bring some new voices in, he's never going to get credit for that, they will always say he's trying to control the narrative but he is the most press available president i have ever seen. he's never going to get credit for it but he deserves it because he is speaking to the american people. stuart: answered more than a thousand questions in his first 30 days. brian: often with minutes long answers that go deep, not just one word or twee you to, don't answers we got from biden, substandard answers.

stuart: that was a long time. it is the trump show on television every day. i'm going to change the subject again. dozens of anti-israel protesters. i call them pro-hamas people took over a building, barnhart college in new york city, block students from going to class. i am appalled, some of these people wearing masks, pro-hamas, people who kill babies, what is going on here. brian: they are protesting, a class that had some focus on israel and the world and two students wanted to disrupted and they got thrown out of the class for being disruptive. i don't know who these people are, professional agitators or something, who knows what they are. they take over a building again. because the school wanted to run a class on an issue. you know what they hate? what they hate his conversation and debate and thoughtfulness which i've been to that campus which i sat with those

students, tried to ask them questions, supposed to be the smartest students in the world, i asked them basic questions, they would not answer a question because they are not about substance, not about lawfulness, they are about intimidation and power just like the folks with hamas who they seem to be in love with. stuart: my contempt for them knows no bounds but i have 2 reads this. the president barnhart responded to what you see on the screen, he says this. mass protesters attempted to undermine barnhart's core values of respect, inclusion and academic excellence. making clear the disregard for their safety of the community remains completely unacceptable. since columbia students were involved columbia university also sent us a statement saying, quote, the disruption of academic activities is not acceptable conduct. columbia is not responsible for security on barnhart's campus. brian: better excel them and make a point.

big-money show starts at 12:00 noon every day on fox business. the dow is up one hundred 34 points. a big loss for the nasdaq, down 218, nvidia is now down 4%. that accounts for much of the nasdaq's loss, 3.4% on nvidia. nvidia have a strong report. why is stock down so much? lou:you would think 78% revenue growth would appease the optimistic investors. nvidia, go back a year ago, fourth 1:45 thousand 23, 262% sales growth. we've got runaway growth, this is large numbers kicking in. nvidia has increased revenue 20-fold over the past few years. it's not possible to keep running at that pace. stuart: extra ordinary volatility. opened up 3%, it is down 3.5%.

lou:this is the bitcoin of ai. everyone stocks this as an indicator for the entire ai trend so everyone is replacing their bets. is a i still intact or is it not? i believe it is. the latest chip, 11 billion in revenue, no drying up of demand. blue one now show me big tech. earlier this morning there was some green but now it is already. is there a big tech rally? >> i don't think it is over, it is just a retracing, we were talking about newmarket highs. the mag 7 has been the lag 7, you see people diversify out of big names and look for winners in areas that are impacted by the same trends but not well-worn household names. microsoft is okay though. 250 about a year and 1/2 ago. stuart: there's only one mag 7

stock that is higher this year and that is matter. matter. matter is up 15%. stuart: stay with me for the hour please. check out bitcoin, i would say that is in bear market territory. show me bitcoin, 84, $85,000 a coin. what's behind the drop? lauren: crypto is a risk asset getting caught up on uncertainty around the tariffs. the second thing is another scandal. hackers store close to $1.5 billion of crypto from the dubai based exchange and where is the federal regulation? they are working on it. senator cindy lammas headed up the subcommittee on digital asset yesterday. >> we are on the precipice of creating a bipartisan legislative framework for stable coins and market structure. i hope we can get both pieces of legislation to donald trump. this year.

lauren: it is a lot of bitter medicine for this industry that is looking for a spoonful of sugar, bitcoin prices are down, this is the bear market, 20% from their high, near 110,000. that was on inauguration day, january 20th. jeff kendrick at standard charter says the big capitulation is yet to come. he's looking at the etfs. this is how a lot of regular people get into bitcoin. they've have emerged averaged and nearly $1 billion, that could signal according to him a market bottom. i will put up some charts and you can see the spot bitcoin etfs, you can see the rise around the election and the recent plummet. what stems the declines? the head of policies said let's get it from congress. standard charter, they think this is their quota but look at this, bitcoin, 500,000, that's

the expectation before the end of the trump presidency. of the when they always dangle these huge -- lauren: if you get the rules of the road, the financial regulation. >> the promise of bitcoin being part of this demonstration is showing up in policy. stuart: it is down to 85, $86,000 a coin. still had. texas rancher killed by what authorities say was a cartel planted explosive device. 's son says this isn't just a crime, it is terrorism. >> i don't want to say the people are used to it but the terrorist attacks, the same tactics used in iraq. stuart: i will tell you more about the sophisticated weapons the cartels are now using. new border numbers show arrests by ice agents surging since trump's inauguration, numbers and a full report after this.

stuart: on the markets this morning, interesting picture, the dow is now up nearly 300 points. couple big gainers among the dow 30, nasdaq down 94 points. now show me moderna please. it is down today 5% because the trump administration is considering pulling funding for bird flu vaccine. the contract was awarded to moderna under the biden administration, trump might withdraw it. donald trump wants to move a $5 million gold card visa offering

a pathway to us citizenship. mark meredith joining me now. please explain how the gold card will work. >> i will do my best. usually you think amex or credit cards in general but what he is proposing is ending the visa program allowing wealthier people worldwide to buy axis into the united states for $5 million. >> instead of a green card plus, it is a path to citizenship. we call it the gold card and i think it is going to be -- do very well and we will start selling hopefully in two weeks. >> this would be a change for the state department which handles visas. these were created to generate foreign investment in the us. the current program opens us access for companies spending $1 million and employ at least we 10 people. the commerce secretary to implement this idea, he spoke to bret baer last night and said there would have to be safeguards in place.

>> they will be vetted, deeply vetted, we said that from the first, these are vetted people, these will be great global citizens are going to bring entrepreneurial spirit, capacity and growth to america. >> other countries offer similar programs, residency in exchange for investment, those include australia, new zealand, canada but what is interesting is some nations are trying to get away from this idea, the new york times writes some european governments are trying to change course. ireland closed its program in 2023, spain in april, greece and portugal have modified their programs. there's also going to be pushback on the whole from progressives vowing to fight these changes, some democrats argue the president himself does not have the power to create these new visa categories. stuart: thanks very much. ice arrests since trump's inauguration have increased 627%, more than 1600 mexican

illegal migrants have been deported and gone back to mexico. cochise county sheriff mark daniels joins me now. it must be kind of quiet in arizona these days. is it? >> it is a lot quieter than it has been the last four years and what donald trump's policies have done, but his messaging has done is help secure this border and put the cartels on their heels when it comes to what they have been doing the last four years. trump but that to a stall. stuart: texas officials confirm two people have been killed by a cartel explosive device one hundred 20 miles south of the us/mexico border. one of the victims was a 74-year-old american cattle rancher. his son is speaking out. watch this. >> the violence is always been here, don't want to say that people are used to it but when i was interact, people were

used to terrorist attacks, ieds and drones i see as 1-sided war right now. i believe the cartels have more sophisticated equipment than the mexican army has and training on how to combat terrorism. stuart: the americans killed with an improvised explosive device, ied. that is a weapon used by terrorists. >> that is what they are. call it what it is. these are violent criminal organizations, they use explosives, cut the heads off their own people, these are bad actors. the difference, my heart goes out to this rancher, all the ranchers the work on this border and ranch out here, we had a rancher killed ten years ago in my county, we are still working that case. at the end of the day we need

to go after them and hold cartels accountable. it is only going to continue, there violence and strategies are going to get worse. stuart: the trump administration is going to create a registry for illegal migrants, submit have fingerprints and home addresses, there's a $5000 finance we 6 months in prison. but sheriff, how do you get illegal migrants to sign up for this registry? they wouldn't just come forward and say here i am. >> you put consequences in place and that is something donald trump and his administration is doing, our consequence if you don't play with it in the system. in this case if you don't do it it is a crime, they hold them accountable under the common-law umbrella which i agree with. if you're in the country illegally either work with the system or you are going to be removed. stuart: as of right now can you stop someone who you think is an illegal migrants and ask for his or her papers? are you allowed to do that? >> we are.

in 2010 in arizona sb 1070 came to play which after all the court rulings, local law enforcement has the authority under reasonable suspicion to stop and hold until we determine the person is in the country illegally or not. we have hope when it comes to doing that but it is only temporarily. stuart: it has gone quiet, thanks for joining us. thank you. lara ingraham spoke to pete hegseth about trump's plan for guantánamo bay. what did he say? ashley: when donald trump took office he authorized the detention of certain illegal immigrants and plans to expand the detention center to hold as many as 30,000 people. here's what hegseth told laura ingraham. >> if you break the law.

if you are criminal you couldn't find your way to guantánamo bay. you don't want to be in guantánamo bay which is where we house al qaeda. top-notch top-tier facility run by professionals where they bend over backwards to make sure medical healthcare, food, language accommodations all exist, you are not going to have universal freedom at guantánamo bay. it is a prison. this is about temporarily holding high profile individuals. ashley: hegseth responded to reports about alleged mistreatment and inhumane conditions at gitmo calling one article in particular in the washington post bs saying the idea people are being mistreated is absolute garbage. there you have it. stuart: coming up, trump's epa getting right to work, it wants to cut more than half its

workforce, striking down a landmark finding of greenhouse gases as well. seems like the green new deal this truly dead. we are on that. trump's first pilot meeting of his second term was yesterday. it seemed like the trump and musk show. doug bergum was there. jake tapper's boca about the cover-up of biden's cognitive decline. member this? >> try to figure out an answer. you are trying to tell me what i was suggesting was -- >> you were mocking his stutter and you have no standing to diagnose a buddy's cognitive decline. stuart: i thought jake tapper was part of the cover-up. we will deal with that next. ♪

stuart: the dow is up 364 points. it is up so much you've got visa, unitedhealth, travelers,

mcdonald's, 3m, all dow stocks, all up sharply, taken together they add 240 points to the dow industrials. without those stocks they can't make that calculation but we are up 340 and those stocks contribute 240 points. luis sticking around for the hour and has come up with a stock pick, upstart holdings. what have you got? lou:they are using ai to go beyond the fica score to extend personal loans, home equity lines of credit. the home-equity line of credit product didn't have a single default last year because of power and strength of their ai underwriting platform. this is under the radar ai play, it's a personal loan player. blue when they can dig up all kinds of information from way back when about your standing good. lou:they look at that data to determine if you're a good

borrower. dox doximityis about physicians, 80% of healthcare paperwork, on fact and email. this is a platform to bring that to the digital world and also to cut out administrative work. doctors spend 50% of their time doing administered of work, this all emanates that admin overhaul and increases profitability. stuart: when was the last time you sent a fax? lauren: i do it frequently. there is a fax machine where we sit on the floor here. sometimes it is easier than scanning something or creating a password. stuart: california governor gavin newsom launching a new podcast. watch.

>> we need to change the conversation. i'm launching a new podcast and this is going to be anything but the ordinary politician podcast which i will talk to people directly that i disagree with as well as people i look up to. the first few weeks we will sit down with the biggest leaders and architects of the maga movement. this is gavin newsom. stuart: he looks good on camera. the gentleman on the far end of the desk is ben ferguson who joins me this morning. he's good at using new technology in the media. will that podcast fly? like? >> are figuring out how to land his play after the wildfires in california. we are going to really talk about this. the same guy who faked a phone call with the president when someone was trying to ask him a question about the wildfires, what is the working title? please hold, i have a phone call with gavin newsom or why

let the entire city burn down with the water in the fire hydrants? some rich moments for him and when he says i will be talking to maga, i believe he understands how to change. he understands when down and out, thought he was the heir apparent that is not clearly so he's trying to find the next lane. i want to talk to the same people that disparaged the attack for the last 8 years, told them to get out of my state and take a phone call from donald trump so can't answer your tough question. great day for him. stuart: another one just for you. cnn's jake tapper coming out with a new book exposing the cover-up of biden's mental decline but listen to what tapper had to say in 2020. >> what we see on stage with joe biden is clearly a cognitive decline. that's what i'm referring to. makes me uncomfortable.

>> so amazing to me. >> try to figure out an answer, trying to tell me what i was suggesting -- >> mocking his stutter. i think you have no standing to diagnose somebody's cognitive decline. >> it is concerning to a lot of people this could be the leader of the free world. >> thank you. stuart: so tapper talks about the cover-up participated in. >> never let a crisis go to waste if your name is jake tapper, see an opportunity to write a book and act better than everyone else and saw the decline and going to expose it, he was part of the cover-up. seven years in hell as i described at cnn as a conservative commentator and these guys rewrite history on an hourly basis. wherever it goes so they can feel better and look better, can't believe he had a contract to write the book when he is

the guy cutting off people saying you are crazy, i will end this interview because i am above you intellectually and won't let you say there's cognitive decline, meanwhile everyone, cnn saw in more than anyone else, they had the best access to this white house doing sit down interviews. the debate with president biden at the end, you saw what you saw, mister president, there's a lot of people who think you can't handle this job, this is not going well, what do you say to people watching? if you're going to write this book you should have the guts to ask that question. with joe biden have written this book? he wanted access to the white house. stuart: thanks for joining us, see you again soon. sad news of this morning. jean hackman and his wife, betsy, betty, were found dead in their home in new mexico. lauren: the santa fe sheriffs office says there's no

immediate indication of foul play. foul play is not suspected as a factor in those deaths. exact cause of death has not been determined. this is an ongoing investigation. medical examiner report should take weeks. hackman won an oscar for a leading role in the french connection and the clint eastern western unforgiven. >> he would leave me. >> you've been talking about the queen again. lauren: hackman was also in hoosiers and superman. prior to his acting career he served five years in the marine corps, he had been living in new mexico since the 1980s and he turned 95 last month. stuart: as i recall he never

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stuart: still the same picture. huge gain for the dow up nearly 400 points, minor loss for the nasdaq down 75. donald trump says the environmental protection agency may cut 65% of its staffers. >> lee zeldin thinks he will be cutting 65% of the people from environmental and we will speed up the process, a lot of people that aren't doing their job and just obstructionists, a lot of people who didn't exist, cutting down the size of government. sloppy. stuart: we need some clarification.

the president met the epa could cut 65% of its spending. climate depot.com executive editor mark marano, if you cut 65% of spending out of an agency, you are gutting the agency. >> it is over $9 billion annual budget for the epa and if you take away the new mission from obama through biden of the climate, war on coal, the clean economy act, solar and wind, if you take away the global warming aspects of it i think you would have a lien agency that could focus on real environmental issues. i've interviewed professors who say the environmental movement has been hijacked by global warming, things like east palestine with a toxic plume being ignored because the biden

white house was focused on climate. if you remove that this is an agency that works with state governments, many layers of redundancy, local government, state government, doesn't need a massive budget and doesn't need to be in other areas it wasn't intended to go, abstract things like the level of co2 and worrying about climate change. stuart: the epa administrator, lee zeldin wants to scrap a 2009 finding that greenhouse gases endanger the public. what is the significance of it? >> this is the entire basis for everything we have had in this country related to climate change. i'm talking regional greenhouse gas initiatives, ev mandates, gas powered car bands, agricultural restrictions on farmers, meet restrictions, solar and wind.

when i was working on the public works committee the supreme court voted on this and the obama administration started regulating carbon dioxide as a pollutant. we exhale carbon dioxide. it is 2.5 pounds per person a day of carbon dioxide. the epa under president obama started regulating that as a toxic pollutant under the clean air act which was never intended to regulate carbon dioxide. this is the key cornerstone of the entire climate domestic legislative agenda and getting rid of this as lee zeldin indicated, the climate legacy of permanence that donald trump one. oh didn't have, that and submitting the un paris agreement to the senate for rejection would make it hard for the next president to get in. this has to happen. this is the basement. co2 is not endangering our health. it is what we breathe out. stuart: goodbye green new deal. thanks for joining us.

blue origin, the rocket company owned by jeff basis has announced the crew for their next mission. ashley, are there any celebrities on board? ashley: you are not on it this time but it will include katy perry, cbs news's gayle king and lauren sanchez heading to space on blue origin's historic all women mission. they will be joined by a nasa rocket scientist, a civil rights activist and a film producer. king says she consulted with her kids and oprah winfrey before accepting a seat on the rocket. sanchez who brought. crew together says she's beyond excited about the upcoming flight. the mission which is set for sometime in the spring will mark the 11th human flight for the baeza sound rocket company's new shipment program that briefly breaks the space

barrier and allows those riding to take several minutes of weightlessness and get a unique view of the earth. all women crew this time around. stuart: including his fiancée. that's a big deal. still ahead. perfectly normal for a few foreign leaders to meet an incoming president but with trump it is a flood of foreign leaders going to dc. trump's first term, pardoned alice marie johnson who was convicted of a nonviolent drug offense. >> i think donald trump. for giving me another chance, restoring me to myself. stuart: now she is the newly appointed parton czar. she will tell us who qualifies for pardons now that she is the pardon czar. ♪

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our xfinity network is built for streaming all the stuff people love. how can it get any better? -i'm just spitballin' here, but, what if we offer people apple tv+, netflix and peacock? for one low monthly price. -yes. so, people could stream the shows they love. and we could call it... xfinity streamsaver! mmmmm. what about something like: streamsaver? ooooooo. -i love that. add streamsaver with apple tv+, netflix and peacock included for only $15 a month... and stream all your favorite entertainment, all in one place. stuart: market as in dow industrials up 400 points but the nasdaq is down 100.

technology not doing well. alice marie johnson serving a life sentence for nonviolent drug trafficking. donald trump granted a full pardon. alice marie johnson joins us. what is your criteria for a pardon? >> thank you for having me on, the individuals pose no safety risks to the communities that they rehabilitated, retribution has been satisfied, they have a good reentry plan, we are not, this is not about allowing people to gain freedom and setting them up for freedom and with many hr professionals. they have strong family and

community support and strong thanks support. stuart: do you anticipate more problems? >> serving too much time and served too much time and i believe as a nation, i love donald trump's america first agenda and that means putting the prisoners, communities, this is about families too. families have been broken. their loved ones have served enough time. i am going to be there for them. seeing something donald trump has that i'm loving, he is using technology to make change in government to shrink it.

if we can use technology, using technology to help in this effort to identify those people who are ready to come home and make sure they have everything they need to succeed. stuart: i remember when donald trump pardoned you in 2020, kim kardashian advocated for your release, are you working with her? >> i would love to work with her again. that is left up to her willingness and availability to work with me. she's been doing this work also. from the day that the president gave me my second chance. i never stopped fighting for others. i've met with governors across the nation. i've worked with geriatric clemency's. some people have aged out of criminality and pose no risk.

prisoners prisons have become a nursing home for them. if we can have the illegal immigrants across our border get housing and shelter and put them first, it is time to put america first, donald trump's agenda, i am grateful to be a part of it to find those individuals and give them the chance of they need because we are a country of redemption. stuart: great to have you on the show, alice marie johnson, thank you very much. and thank you, lou basensase, for staying for an hour. shannon bream on attorney general pam bondi dismissing dei lawsuits? peter navarro on 20% tariffs on london in the next 10% tax on china, dan mewser on improper payments by the federal government last june.

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