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tv   Varney Company  FOX Business  March 5, 2025 9:00am-10:00am EST

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maria: welcome back. 30 minutes before the opening bell sounds on wall street, and we have had a decidedly negative turn. the dow now down 27 after spending the morning in positive territory. the nasdaq off of the highs but still up 26. adam johnson, final thoughts. >> i think we are down from the highs because we have not yet gotten the relief announcement on tariffs. in other words, scale back mexico and canadian tariffs, i think we'll get that probably this afternoon, and i'm a buyer. maria: lee, what do you think? >> americans wanted a fighter, and they saw that in the president last night. he seemed like he was fighting for the american people, and the democrats were sitting down. maria: it's true. luke. >> democrats have their work cut out for them to come up with policy, republicans have to actually implement policy.
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maria: great panel, everybody. stu, take it away. stuart: good morning, everyone. oh, what a speech. the president doubled down on his agenda. it is full speed ahead, no retreat. it was the longest presidential address to congress in modern times, and trump covered everything; tariffs, dei, zelenskyy, the in order -- border, musk, a golden dome to shield us from missile attack, even a new shipbuilding office. embarrassing baer with from the democrats -- behavior. representative al green was escorted out after waving his cane and shouting repeatedly directly at the president. others waved little paddles saying lies, false or save medicaid. their protests fell flat. polls taken after the speech showed overwhelming support for if trump. let's get to the markets which today are responding more to commerce secretary the lutnick, moments ago he said expect an announcement this afternoon on a compromise on tariffs. the market was up earlier this
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morning, now it's just kind of in the red. dow's off 30, small drop for the s&p, small gain for the nasdaq. how about bitcoin? that's moving to 90 -- sorry, down to 89,000, 89,5 right now. interest rates holding pretty steady. the yield on the 10-year is down to 4.20. the yield on the 2-year well below 4%, you're looking at 3.92. oil, $67 -- 66 a barrel. gas, $3.10 for regular. diesel, $3.65. now then, on the show today the president announces it is capture of the terrorist who planted the abbey gate bomb which killed 13 u.s. soldiers in afghanistan. the pakistanis gave him up. he's on his way to america. promising developments in ukraine. zelenskyy did not offer a full apology for the oval office blow-up, but he did say he would sign the minerals deal. trump says he's thinking about it. the mayors of four sanctuary cities appear before a congressional committee today.
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they've been called to justify their sanctuary status and their failure so far to give full cooperation to i.c.e. the mayor with of boston michelle wu, spent $650,000 of taxpayer money just to prepare for this hearing. $650,000. it's going to be a big show. it is wednesday, march 5th. it is the first day of lent. "varney & company" is about to begin. ♪ say the word i'm thinking of ♪ stuart: say the word i'm thinking of, what could that be? mr. trump saying yes to zelenskyy? come on over and sign this deal. nice try, people. nice try. all right. sixth avenue, new york, still looking rather dull can. president trump giving an historic address on the house floor last night. it was the longest speech to a
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joint session of congress ever. it lasted 1 hour and 40 minutes. watch. >> to my fellow citizens, america is back. [cheers and applause] we have accomplished more in 43 days than most administrations accomplished in 4 years or 8 years. and we are just getting started. the golden age of america has only just begun. it will be like nothing that has ever been seen before. stuart: it was a rousing speech. less than 10 minutes into it, texas congressman al green was kicked out for his interruptions. watch this. >> mr. green, take your seat. take your seat, sir. >> [inaudible] [inaudible conversations] >> take your seat. finding that members continue to engage in willful and improper decorum, the chair now directs the sergeant at arms to restore order -- [cheers and applause]
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remove this gentleman from the chamber. [applause] stuart: all right, there he goes. now, in my opinion, the key takeaway from if last night, the president just not backing down from his agenda. he's doubling down and, clearly, it is full speed ahead. congressman green wasn't the only democrat to protest trump. congresswoman rashida tlaib held up a whiteboard with messages like stop lying to the american people. many democrats held up signs referencing doge, and as a whole, they refused to stand up for anything the president said. liz peek joining me this morning. i -- look, this is my opinion. i think those protests from the democrats fell totally flat. that is an understatement, in my opinion. what say you? >> clearly, they did, because the polling shows 76% of the country approved of the speech x that was a poll from cbs, not normally a left-leaning organization. look, i think people liked what they heard. it was a very important speech in the sense that the efforts by this government to disrupt
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things going on, stuart, have left things shaky. we've had two big down days in the market, americans aren't really comfortable with tariffs, they don't know where that's going to go. i would say also they have been told by the left-wing media that it's going to raise prices through the roof. we haven't really seen that yet, but people are concerned about inflation nation coming back. so it's really important for donald trump to stand up there and say, here's what we're going to do. yes, there's going to be disruption, a little shakiness, but here's the point of it all. i think he made the case extremely well and, boy, did the democrats look stupid. they looked like spoiled brats. and they were booing -- one of the biggest booings of the night talked about his election win. that's ott on them, not on him. he won the election. so i thought it was all just quite a poor performance. stuart: during the address trump read the letter that he'd received from ukraine's zelenskyy. this is all about that
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contentious white house meeting. watch this. >> i received an important letter from president zelenskyy of ukraine. the letter reads: ukraine is ready to come to the negotiating table as soon as possible to bring lasting peace closer. my team and i stand ready to work under president trump's strong leadership to get a peace that lasts. i appreciate that he sent this letter. just got it a little while ago. simultaneously, we've had serious discussions with russia and have received strong signals that they are ready for peace. if you want to end wars, you have to talk to both sides. stuart: liz, it does look like a peace deal is close. >> yeah. i mean, it would be enormous. this is one of his major campaign promises, that he could bring an end to this war. stuart, how can anyone if not be in favor of peace, right? and the democrats again, right now they're standing up, they're trying to get in between
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zelenskyy and trump. they had this meeting with trume his oval office meeting which went so off the rails. look, i think actually what's come out of that meeting is positive in the sense that now we have europe engaged. we can't overstate this because europe engagement is also always fractious, difficult, takes forever to get organized. but the reality is u.k. and france, if they're willing literally to put boots on the ground in a peace keeping effort along the front line to enforce a ceasefire, good for them. that actually is what trump wants, right? he's been pushing europe to get more engaged in their own defense for eight years. so i think all of this, actually, is moving in the right direction. i think the minerals deal with a pin-win, and i think it's going to happen. stuart: this could be a big win for trump. >> no question. stuart: thanks for being with us. now howard lutnick says a deal with mexico and canada could be
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announced as soon as this afternoon. will be to what he told -- listen to what a he told larry kudlow. >> the president's going to come out today angry that americans are still being killed. now, both the mexicans and canadians were on the phone with me all day today trying to show they'll be better, and the president's listening because you know he's very, very fair and reasonable. i think he's going to work with something out with them. it's not going to be a pause. none of that pause stuff. but i think he's going to figure out you do more, and i'll meet you in the middle some way. and we're going to probably be announcing that tomorrow. stuart: announcing that tomorrow. david bahnsen with me this morning -- meaning today, by the way, of course. this is what the market wants, isn't it, some kind of pullback from the brink of an all-out trade war? >> the market wants that, and i would add american importers want it, economic actors, consumers. it's important we do not go to an all-out trade war. stuart: i'm surprised the market isn't reacting more positively
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to what lutnick just said. >> we've been getting pulled in all directions. remember, the market hadn't responded much to the idea that it was coming back until if it really did on monday. then the bottom fell out monday, tuesday. i don't think the markets know how to respond because there's such a difference between what's talked about and what happens, so you've got to wait for the meat on the bone. stuart: wait for the announcement. >> that's right. stuart: i think we're taking a gamble here. inflation, that's not beaten. the economy is slowing, and we've got a trade war. from a market perspective, that's not good. >> and i just want to point out for listeners, it's not just markets, it's the whole economy; wage earners, jobs, economic growth. all these things matter, and the president has a real good series of policies to help in that regard. but he has to lead with those things. because tax reform isn't done either, and that was one of the major issues of the campaign. i totally agree with you. stuart: okay, got it. stay with me, please, david.
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last night president trump also took the time to highlight stories of everyday americans including laken riley, jocelyn nungaray and corey comperatore. he even made a 13-year-old cancer survivor an honorary secret service agent. watch this. >> alexis, i promised that we would always remember your daughter. across galveston bay from where jocelyn lived in houston, you'll find a magnificent national wildlife refuge. formally renamed that refuge in loving memory of your beautiful daughter. the very first bill i signed into law as your 47th president mandates the detention of all dangerous criminal aliens. it's called the laken riley act. [applause] my life was saved by a fraction of an inch, but some were not is so lucky. corey comperatore was a fire fighter, a veteran, a christian,
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a husband, a devoted father. we're joined by corey's wife helen and their two beloved daughters, allison and caylee. jason tragically lost his dad who was also a los angeles county sheriff's deputy. he wants to carry on the family legacy of service, and his greatest dream is to attend the u.s. military academy at west point. [cheers and applause] your application has been accepted. his name is d.j. daniel. he is 13 years old, and he has always dreamed of becoming a police officer: i am asking our new secret service director, sean curran, to officially make you an agent of the united states secret service. [cheers and applause] stuart: i loved that young man's reaction. i can't believe the democrats sat on their hands for that. anyway, they did. trump highlighted the story of mark fogel, an american teacher who was whereonfully detained in
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russia for four years, trump brought him home last month. ordinary people honored last night. the democrats were committed to protesting everything trump did or said. watch. >> i look at the democrats in front of me, and i realize there is absolutely nothing i can say to make them happy or to make them stand the or smile or applaud. nothing i can do. stuart: he was right. again, i've got to say i think the protests fell flat and didn't have much impact. shannon bream will take that on. the president spent his address doubling down on his agenda. i think that was exactly the right message. we'll see what newt gingrich thinks about it. he joins us next. ♪ i hope that someone gets my -- ♪ i hope that someone gets my message in a bottle ♪ but at t. rowe price, we're letting curiosity light the way. r r s in healthcare. and how these innovations
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stuart: i'm going to call it an historic address last night, and i want to hear more about it. let's bring in jacqui heinrich at the white house. he spoke for nearly two hours. 9 lay it out for us, please. >> reporter: a lot of news, stuart, in the president's address including that the senior isis member, muhammad -- allegedly responsible for killing 13 u.s. service members at abbey gate, now coming to the u.s. to face justice. the president relayed that news to the 13 families in an emotional phone call. >> he is right now on his way here to face the swift sword of american justice. [cheers and applause] and and i want to thank especially the government of pakistan for helping arrest this monster. what a horrible day. such incompetence was shown. when putin saw what happened, i
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guess he said, wow, maybe this is my chance. that's how bad it was. >> reporter: the president indicated last night some progress bringing the russia-ukraine war to an end. after he kicked president zelenskyy out of the oval office last week, zelenskyy trying to repair the relationship after the u.s. suspended all military aid to ukraine. zelenskyy didn't directly apologize for his conduct, but reiterated ukraine is ready to sign this rare earth minerals deal. the cia director the morning confirming on fox business intelligence sharing with ukraine has also been paused. >> president trump had a real question about whether president zelenskyy was committed to the peace process, and he said let's pause. i want to give you a chance to think about that. i think on the military front and the intelligence front, the pause that allowed that to happen, i think, will go away, and i think we'll work shoulder to shoulder with ukraine as we
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have to push back on the aggression that's there. >> reporter: the president made clear last night he's prioritizing u.s. defense, announcing plans for a new missile defense shield to protect the homeland. he called it the golden dome. also news on a new office of shipbuilding. that's meant to counter china's maritime dominance, stuart. stuart: hi covered it all and -- he covered it all and so did you. jacqui heinrich, thank you very much, indeed. joining us now, former speaker of the house newt gingrich. trump doubled down last night. was that the right message for this time? >> it was probably the most effective speech of his career up til now. first of all, it showed how much he's already done in the first few week weeks. it outlined a direction for the country, had a very optimistic ending talking about the golden age, the things yet to come. it had, as you pointed out earlier, remarkable personal references to the human beings
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who had gone through a variety of things. but i think part of what made this speech so effective was the house democrats played straight into the president's hands. i mean, when you can't applaud a 13-year-old cancer survivor, you can't applaud the mothers and the survivors and you can't applaud if a young man who courageously wants to go to west point and serve his country, you go down that list, calista and i were there watching, we actually were sitting on the democratic side, so we could look right down on them, they looked like they were so many -- zombies from a really bad movie. and i think that heightened what trump has done. he has basically offered the country a choice. you can move forward, you can create a very different dynamic, powerful america, or you can stick around with these people who are committed to such weird ideas and is so incapable of relating to normal humans.
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the democrats played totally -- stuart: this leads us right into what former obama adviser david axlerod had to say last night. roll that sound bite, please. >> so it's one thing to mime our differences, it's another thing to try and is heal our differences, and that is, you know, that's the difference between real leadership and political expedience. >> would it have been healing to stand for mark fogel? might have been. >> no, i agree. look, you know, you are absolutely right. what i will do, you will not. [laughter] i think there were times when they should have risen. i think what al green did was despicable. stuart: despicable. newt, the democrats didn't seem to have anything to offer last night. >> let me say i thought speaker johnson handled green perfectly. this was not columbia university. he was not afraid to say to the demonstrator, you're out of line. and then to repeat, you're out
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of line and there are consequences, and then to order the sergeant at a arms, get him off the floor. i think it was a very strong moment, and it indicated where we're going. the trump team, the entire with maga american team, which 76%, i think, in one poll this morning approved the speech because it's real, it's specific and it's as timely as a letter just a few hours before the speech or -- from zelenskyy or it's as timely as a today we captured a terrorist. mine, you look at -- this is classically trump. overwhelming activity, overwhelming energy and a big vision of a better future. and the democrats literally looked like zombies. it was the first time the i thought of them as the zombie party that were just totally out of it. stuart: zombie party. that might stick, newt, you never know. newt gingrich, always a pleasure. thank you very much for being with us this morning. >> good to be with you. stuart: yes, sir. thanks. newt has a new book coming out in june. the title is "trump's triumph."
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there you have it on the screen. david bahnsen's still with me. i've got to ask you to get political for a second, david. what did you make of trump's messaging last night? >> well, look, the only negative thing i can say is how long it went. it's going to get more punch if it's a little shorter. but as far as what he was trying to do, it was very effective. he hit the right notes, and he used the democrats as props because they allowed him too because of their behavior. it added to the effect. that they would sit on their hands for some of those moments, i'm old school, i still value decorum, and i just don't understand it. it's not politically effective to behave that way. stuart: david, more for you later. let's check the futures. the opening bell's coming down. dow down 7. little price movement so far today. the opening bell is next. we'll take you to wall street. ♪ i can only imagine. ♪ surrounded by your glory, what
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stuart: about three minutes to go to the opening bell. not much price action premarket. dow's down 16 points. daniel newman joining me this morning. i want to talk about broadcom, and i want to talk about it
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because you are calling it the sleeping giant. okay. it's currently $192 a share. why is it a sleeping giant, and where's the stock going? >> yeah. we saw it pall from $250, stuart incredible runup. and, of course, all the yo-yo with tariffs and uncertainties in manufacturing in the u.s. but this is the other big a.i. play, in my opinion, you know? nvidia has all of the momentum, but broadcom is building these custom a.i. accelerators. we know that all the hyperscalers want to control their own destiny and that they are looking at broadcom as their number one partner. and we've seen it with google and their custom a.i. chips. i think it's just the beginning. and, of course, they don't just have the custom a.i. chip, they have networking and so many other parts of the technology stack. i'm just incredibly bullish of their outlook. and i've had the chance to spend time with their ceo and and president, and when they tell the story, i just really see the
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pieces coming together, and it's going to be very favorable for broadcom long term. stuart: look, it's $192 per share premarket as of right now. tell me where it's going. >> it's going up. [laughter] you know, in terms of where it's going to be over the long term, it's going to come down do they turn their three or four big hyperscaler wins, stuart, into with five plus. and i think they have the potential to do that with these custom a.i. chips. i think that 250 number will be in the rearview, and i think for people playing the long game -- and right now with the instability, there's a buying opportunity in the market. if you believe in great companies and if you look at how the ceo runs this business, he delivers profits. stuart: okay, we hear you. broadcom is your pick of the day. we'll see how it goes. all right. the market is about to open. presses the button, it will be open as of right now, and off we go. ♪
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stuart: there's the opening bell, you got it. the dow industrials have opened to the downside. not by much. 19 points lower. the s&p is up just a tiny -- dead flat, i'll call it. and the nasdaq composite, i'll get that number for you shortly. yeah, it's up 30 points. no big price movement in the very early going. that's nasdaq, s&p, dow. let's have a look at big tech. we do it every morning at 9:30, see how they're going. that's where the money is. meta, microsoft, alphabet, amazon up but apple is down. only 49 cents, but it's down. i want to look at a blackrock. taylor, good good morning to you. >> good morning. let's do it. stuart: they just made a deal to take control of i think two ports on the panama canal. that's it -- what's it going to the stock? >> blackrock announced they're taking control of multiple ports. it's about $23 million. i think it's about a 90% stake that they are acquiring from
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hong kong-based firm c.k. hutchinson who has the licenses. panama has to sign off on this, but again, we are hearing that the ceo of blackrock, larry fink, went to trump and said you don't have to take panama forcibly if you let companies like us go in and try to buy it. and for now it's working. stuart: that's the negotiation. [laughter] i'm going to call that a win for trump actually. >> yes. stuart: i don't see why not. trump wants to kill the chips act. okay, is that good for the chip makers? because they're getting a lot of government money. >> yeah, you know, it's interesting, i think trump made the case last night when he said the chips act was horrible, why are we giving all this money away when i've just proven to you in the last week that i can get apple and tsmc to invest on their own and spend their own money to make america a great manufacturing country again? we don't have to be doing the giveaways. the spending government money. stuart: he's going to repurpose that money, i believe, isn't he? >> maybe. stuart: so he said.
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he's going to give it -- he said to speaker johnson, spend it wherever you like. >> how about pay down our debt? >> the chips act was passed by congress, so it's law. but that's certainly what they should do. stuart: good stuff. qualcomm. in what way are they taking on apple? because i know they are. what are they doing? >> they are. they're having a new modem can. they're calling it their x85. they said it has created a big delta in performance relative to apple. remember, apple used to use qualcomm chips in their cellular devices, but apple just released their new modem can, the c1, in the apple iphone 16e last month which uses their own modem. qualcom coming out and saying our new modem is light years ahead of apple's. stuart: okay. interesting. it's up a mere half percentage point. we'll take that. crowdstrike, i know they just came out with earnings. i take it they were not good. >> yeah. it was the full-year earnings per share guidance that was a
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letdown. forecasting eps of $3.33 to $3.45. estimates were $4.42 for the year, so a big hit in terms of the bottom line. frankly, revenue was good last quarter, and the guidance is good, but overall it is the bottom line that is not good. they did say that they're trying to make sure that they're using a.i. to help stop the cyber attacks. stuart: what is the big win that microsoft just scored in britain? >> basically, cma, which is the u.k. watchdog that oversees these, basically said that microsoft's $13 billion tie-up with openai is totally fine. it doesn't qualify for an investigation or regulation because the ownershipment hasn't changed. there was an investment, but microsoft hasn't completely changed the way openai does business and, basically, we don't need to interfere. stuart: microsoft is up a couple bucks. got it. more news on tesla's sales, and i don't think it's good news. >> no.
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and i think you might know the answer to this one. this might be related to some of the election -- i don't want to say interference, but involvement by elon musk over in germany. we're hearing that tesla sales are down 76% in germany last month to just about 1400 cars. but overall ev registrations in germany were actually up 31%. so it is a tesla-specific story. you know this, we're down 71% in germany, 44 down in france. and so, again, those are the two biggest ev markets in the e.u. stuart: the europeans don't like what musk had to say about europe and european politics, and they've really turned against him bigtime. novo nordisk. i alls like this stock. offering -- i always like this stock. offering a discount on wegovy. how big? how do i get it? >> over 50%. cash-paying customers, $499. the overall list price is $1350.
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so that's over half off, right? just pay $500 instead of -- stuart: it was $1,350 -- >> and if you're an all-cash payer, you can get it for $499. stuart: is that somebody who doesn't get it on insurance? >> that's what i'm assuming. i don't think you actually have to pay cash, i'm assuming you're just going around insurance. stuart: you personally are buying this, $500. >> correct. and this is really to take on eli lilly who had a similar story where they were cutting the price of their drugs, i think their small vials, by $50. look, there's competition. so you want to get in there -- stuart: capitalism's a wonderful thing. >> imagine that. stuart: taylor, we'll be watching you on "the big money show." starts at 12 noon. time we got back to bahnsen here who always brings us dividend picks, and today he's brought a company that the i am invested in, blackstone. >> you are. i got you invested in this many years ago. it's been a very profitable position. [laughter] we've talked about it a lot on
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the show. the reason why i brought it back is after being up on a tear for a long time, it's had a little selloff here recently, and think that's a great opportunity for investors to buy one of the great companies in america at a lower price than they could have bought it a month ago. they've grown the 10% per year for 13 years in a row. it was at $22 when we bought it, it went to $180 a few weeks ago. $150 now if. they will pay out over 3.5% on the current price, but they grow it every single year. stuart: that's good enough for me. i'll stay invested. david, thank you very much, indeed. coming up, senator elisse is slot kin made the rebuttal last night and made a point to go after doge. >> is there anyone in america who is comfortable with him and his gang of 20-year-olds using their own computer servers to poke through your tax returns? change doesn't need to be chaotic. stuart: was she the right choice to deliver the message? bill hemmer is going to take
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that one on. trump wants his tax cuts made permanent. that's going to require all republicans to come together. however, will the freedom caucus be a problem on that? majority leader steve scalise responds new york stock exchange. ♪ have i got got a deal for you. ♪ a heart that's almost like brand new ♪ after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" i'm thinking company wide power nap.
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♪ ♪ stuart: during his speech last night, president trump said his newly-implemented tariffs will make america rich again. edward lawrence joins us us now from the white house. edward, commerce secretary lutnick said an announcement if on tariffs could come this afternoon. i need to know what's the latest on this. >> reporter: yeah. and no official announcement yet, but we are tracking that possibility. the treasury -- or the commerce secretary is saying that he is having a meeting with the president, and the president really wants to find ways to
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give certain sectors in canada some relief from tariffs. tariffs are in the news right now, president trump making the point that his tariffs are actually working at this point. there might be a little disturbance, but reassured americans it won't be that bad. the president explained we must stop the flow of fentanyl from crossing the borders which results in americans' deaths. >> whatever they tariff us, other countries, we will tariff them. that's reciprocal, back and forth. [applause] whatever they tax us, we will tax them. [applause] if they do non-monetary tariffs to keep us out of their market, then we will do non-monetary barriers to keep them out of our market. >> reporter: now, his not backing down strategy has mexico and canada willing to deal. the markets looking at these comments by commerce secretary howard lutnick saying there could be an announcement on lessening tariffs. listen to this.
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>> it's not going to be a pause. none of that pause stuff. but i think he's going to figure out you do more, and i'll meet you in the middle some way. >> reporter: yeah, none of that pause stuff. lutnick says canada and mexico have done enough on border crossings, but the president remains concerned about the amount of fentanyl still coming into the united states. lutnick says he has engaged several times in the last 24 hours with both canada and mexico over this deal here. the president, again, is looking for areas now where certain sectors in canada can find some relief from the his tariffs. back to you. stuart: edward with lawrence, thank you very much. trump made sure to bring up his tax cuts in his address last night. it's priority. watch this. >> and the next phase of our plan to deliver the greatest economy in history is for this congress to pass tax cuts for everybody. they're in there, they're waiting for you to vote, and i'm sure that the people on my righe
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republican right, but my right, right here -- i'm sure you're going to vote for those tax cuts, because otherwise i don't believe the people will ever vote you into office. so i'm doing you a big favor by telling you that. stuart: let's welcome back house majority leader steve scalise to our program. good morning, congressman. >> good morning, stuart. stuart: that was a call to congress. he's making tax cuts the priority. i ask this question to every congressman and senator that comes onboard, can he get it done? >> it has to get done and, in fact, that's why we came together in the house, stuart, and passed the budget last week to lay the foundation not just for border and energy policy, but for tax cuts. and, you know, there was this debate over one bill versus two. i was always advocating for one, meaning let's do it all in one big bill. you know, taxes are part of that because you're not going to get certainty in the economy. you'll see the stock market go up, go down, bounce all around until we have the certainty that there won't be a massive tax
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hike on the american workers and small businesses of this country. that's why it's important we put that tax provision in the bill that also secures the border, funds the wall, border technology, energy policy and regulatory reform. stuart: the freedom caucus is threatening a shutdown, a government shutdown, over the funding bill. are you able to keep the freedom caucus under control? >> well, we continue to meet and work with them as we do with every element of our caucus in the republican side. you know, you go back and look at last week's vote, nothing is easy. we have a two-vote margin. one member voted no. if two members voted no, the bill would have been dead. so we worked with everybody for weeks and weeks to thread that needle and get the budget passed. the senate has it now, by the way. they need to do their part. they need to move. and i think last night was a call to action by president trump to the senate to say, look, the house delivered on my
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full agenda. it's over in the senate, let's get it moved through the senate so we can with get this agenda working for the american people. the democrats aren't going to help us. they showed that last night. sadly, they want to sit on their hands while american families face a massive tax hike. this isn't the millionaires and billionaires we're talking about. you know, you're talking about middle and low income families. no tax on tips. the average tip worker makes about $32,000 a year. elon musk doesn't make tip money. it's not people like him that would benefit. it's the waiter and waitress working at your local restaurant that the democrats don't want to help. we will help them. stuart: maybe the president has to get on the phone to the senate. we'll see. at the last minute, too. steve scalise, congressman, thanks for joining us. we appreciate it. always. >> great being with you. stuart: last night's speech was classic trump. inner energetic, entertaining. no other president since ronald reagan could hold an audience like trump did last night. that's my take, top of the hour.
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the terrorist behind the deadly abbey gate bombing in afghanistan has been captured. is he going to be shipped off to gitmo? i'll ask morgan ortagus after this. ♪ ♪ car, this isn't the way home. that's right james, it isn't. car, where are we going? we're here. (♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com choose advil liqui-gels for faster, stronger and longer-lasting relief than tylenol rapid release gels. because advil targets pain at the source of inflammation. so for faster pain relief, advil the pain away.
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♪ ♪ stuart: promising developments in ukraine. zelenskyy did not offer a full apology for the to value office blow-up, but he did say he would sign the minerals deal. trump says he's thinking about it. joining me now, morgan ortagus. morgan, seems like we're getting very close to a deal here. do you think it's going to happen and soon? >> well, i hope so. what the ultimate goal here, as president trump said last night, as he said for the first five weeks of his presidency and as he campaigned on, the goal here is to get peace. he wants to be a president of peace. he was incredibly frustrated to see this war start in the first place. remember that he provided lethal aid to the ukrainians during his presidency and prevented putin from invading. so he has said consistently that he wanted to get to a peaceful resolution. and why is that? remember that this war is over three years long. we're talking about hundreds of billions of dollars that have been spent.
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the majority coming from the united states, and as president trump pointed out, the europeans have a mechanism, have a way to get themselves paid a back for their contributions to the war, but the united states didn't. and so what he's wanting, what he wants to do is make right by the american taxpayer to get peace, because you're talking about, you know, also hundreds of thousands of lives that have been lost. stuart: yeah. >> so to think that this war could continue to go with on for year after year after year is clearly unpalatable to the president. stuart: the cia director, john ratcliffe, told maria bartiromo this morning that trump has cut off intelligence sharing with ukraine. seems to me he's really piling on the pressure. >> president trump is ready for zelenskyy to come to the table when he is serious about negotiating about peace. i think that director ratcliffe mentioned that was a temporary measure, things could be turned back on if he -- we get into real negotiations. positive signs this morning, the national security adviser, mike
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waltz, said he had spoken with his part in ukraine with. steve witkoff is working this issue closely with the president as well. so what we're hoping, as mike waltz said, is to get into shuttle diplomacy between the two nations to get to peace, and this is very important, president trump has said he wants to get to a real and lasting peace so that putin doesn't think this is something he can repeat again in a few years. stuart: last night the president announced the capture of the terrorist who planted the abbey gate bomb which killed 13 soldiers, our soldiers, in afghanistan. the pakistan i-s -- pakistanis apparently gave him away. he's on his way to america. what are we going to do with him, put him in gitmo? >> well, i'll leave that up to the state department. he is on his way to face justice which is something the 13 families are owed this. it's unconscionable that the biden administration didn't do this over the four, three and a half years that they had to find this guy. five weeks.
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five weeks in office, president trump and his top team, mike waltz, seb gorka, defense department, cia, within five weeks they had this guy apprehended because they put his name on the wall, and they said we are going to get justice for these american families. i think there's a very loud message, and it's twofold. if you're an american hostage, the president is going to do everything he can he can to get you home, over 11 people home in the first 5 weeks of his presidency. so if you're an american hostage, we're going to move heaven and earth to get you home. however, if you're a terrorist and you're plotting and trying to kill or killed american citizens, we're coming after you, and that's exactly what president trump and his team did today with that apprehension. stuart: what a contrast with the last administration. morgan ortagus, we appreciate it, always. quickly, back to david bahnsen. i want to talk about tariffs. we've got, sort of suggesting there's an announcement coming
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this afternoon, lutnick, i'm sorry. the markets responding. good news? >> i hope so. i think the markets kind of know that there is some talk, because they told us it's negotiation. the markets get worried, stuart, when they think that they really want ongoing trade barriers, that we're going to somehow protect american workers by having taxes on american importers long term. if it's a negotiation around fentanyl and other things, markets can see through that. but this week gave markets a little reason to question what's going on, and there's different messaging from the administration. lutnick's indicating something that could be positive. stuart: good stuff. david, thanks very much for joining us for the hour. let's see what we've got still ahead. dr. ben carson on how president trump's agenda helps americans get ahead. shannon bream on the democrat respondent to president trump's uplifting speech last night. bitcoin guy, brock pierce, on why a lot of people are not happy with the plan for a crypto strategic reserve. the 10:00 hour is next. ♪ you're the god who saves, you're the one who runs in my
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