i am ashley webster in for stuart varney today. the colonial pipeline delivers 40% of the fuel consumed on the east coast but a cyberattack has shut it down and now we have this, long gas lines, panic buying across the southeast. we have a live report from virginia plus the governor of georgia, brian kemp, declared a state of emergency and temporarily waived the gas tax. he will join us on the show. market futures once again in the red, this follows the dow's worst day since february and new data out this morning showing inflation accelerating at its fastest pace in 12 years for april, the dow, 100 points, the s&p and the nasdaq solidly in the red. take a look at this exclusive video. hundreds of migrants crossing the border over the past two days. someone might want to show that video to alejandro mayorkas who keeps trying to tell us the border is closed. clearly it is not. one high school in san francisco wants kids to return to the classroom with just one day. the reason so they can collect $12 million in state funds. and a word

the problem with the picks, too many tattoos of stuart varney. [laughter] well done., too many exposed shoulders and loan necklines. you've got the accrued photoshop on the right. they might have added bonnets and butter insurance. apparently, they yearbook coordinator teacher decided the photos were out of dress code and did some editing. it mostly adding more clothing to the chest and shoulder areas. was the teacher a jerk for adding digital virgos all man. the district post says it was the teacher doing the best she could and there's no mall in town. she's doing the right thing and trying to be helpful and of course it was a mistake. for now the schools offering $100 refund to anybody who wants to return the yearbook. i'm glad that there's no more photo editing in my day. can't mess with perfection i guess. strange shape of the box though. had an accident. when i was younger. thank god they have drugs for now. kat, you attended your prom wearing sweatpants and there is time for dress codes to go. >> i'm very offended by what happened to the girls but because the sa

stuart varney, no rhymes on barney, two years ago, the federal aviation administration put out an interofficedult passenger and their carry-on baggage at 172175 pounds. standards increase that to 190 to 195 unless you are a chris christie. then you just combine the two. now according to a popular aviation blog "view from the wing quote" " that's since he accepts, they been using for passengers throughout come americans are getting fatter and the federal government wants airlines to find out how much better their passengers have gotten, had to for smaller aircraft. so you have heard of crash diets, may be is time for and avoid a crash diet. am i right? but this new weight concern is maybe about small planes. not that i fly in private. which have fewer passengers, there's more weight variance in those plants so you could be asked to give your wage which have been with broadcaster at the airport without really clever high school nickname like freddy make a fat face. probably laugh at that. nobody asked me, but there is a way around asking someone's weight. the airline could just hire those carni

we are in the wrong business, stuart varney. stuart: we could get into that business.employers are doing about it. janet yellen, treasury secretary in a house hearing right now says the treasury needs even more money to oversee the recovery. $6 trillion budget coming up, they want more. we have a report from capitol hill next. ♪♪ retirement income is complicated. as your broker, i've solved it. that's great, carl. but we need something better. that's easily adjustable has no penalties or advisory fee. and we can monitor to see that we're on track. like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. [typing sounds] [music fades in] [voice of female] my husband ben and i opened ben's chili bowl the very same year that we were married. that's 1958. [voice of male] the chili bowl really has never closed in our history. when the pandemic hit, we had to pivot. and it's been really helpful to keep p

maria bartiromo, stuart varney, charles payne, will join larry throughout the hour.on't miss it. >>> the next question to mask or not to mask. companies are debating whether to follow cdc guidance on vaccinated people no longer needing to wear masks. grady trimble has the break down where companies stand right now. grady, it's a little confusing. grady, good afternoon. reporter: it is, mass mask confusion is a good way to put it, jackie and different businesses are coming down on different sides of this issue. can you hear me, jackie? jackie: yes, brady. reporter: anyway, small businesses grappling, small businesses grappling with this decision and this is one of them. gene and gergeetti. new york steak hughes. you want guidance. here in illinois they're waiting for rules to follow. they haven't come down yet. >> that's correct. we're waiting on the word from the city whether or not they will align -- they said though will always align with the science but nothing specific, whether or not vaccinated guests can remove their masks in a restaurant. reporter: while we wa

stuart varney is up right now. stuart: good morning, everyone. this is it. the long holiday weekend is about to begin. it is a turning point. by memorial day, that is monday, we should be looking at covid in the rearview mirror. restrictions being lifted, masks are coming off, half of us are vaccinated, $2 trillion in our bank accounts, millions will fly, tens of millions will drive. this is a breakout weekend about to begin. stocks breaking to new highs, the dow looks like it will be up 100 points, should establish a new high above 35,500. thing with the s&p, another high expected in early going, nasdaq coming in with a modest gain of 20 points. that stocks, cryptos down and down sharply. bitcoin back to 36-6. it could not hold above the 40,$000 level. have a guy got a quote on ethereum? not sure we've got at this point, yes we do. it is down not much, that is not a big decline for ethereum. $2,594 per coin. that is where you are on ethereum, not as much as bitcoin. let's sum it up on the friday before wall street goes on a 3 day break, stocks are up and cr

from your stuart varney account.ral weeks or so and it will be found in those accounts getting tabs on the service. i didn't know they actually stopped the service because i have a blue checkmark and people are saying how did you get that? most people could. you have to go through a verified user who then has the ability to verify you but they are going to the actual twitter company itself. stuart: in the unlikely event that i ever open a twitter account. >> you have one. stuart: the more unlikely event -- i know the show does but i personally do not. we are done. before i get into trouble here. here is a number for you. 37 million people will travel this memorial day. that means packed hotels and restaurants at least probably. are there enough workers to keep up with this increasing demand. look at this. shootings in new york city up 79%, murders up 22%, crimes on the rise, are democrats being forced to face this. dan heninger says yes they are. ♪♪ trouble on the way ♪♪ i see lightning ♪♪ ♪ ♪i've got the brains you'

ashley: i am ashley webster in for stuart varney. the fbi says cyber criminal enterprise darkside is responsible for the attack on the colonial pipeline. we will have a live report from that pipeline. the fallout from the hack felt across the country, long lines at gas stations is not all, gas prices continue to climb $3 to 299. president biden denies workers turning down jobs to collect unemployment but then announces a push to prevent it. we are on that story, stocks retreating from record highs as the selloff continues, looking at futures, the dow, s&p and nasdaq, the dow is up 300, nasdaq down 270 points. big tech stumbling after yesterday's selloff, apple, amazon, facebook, alphabet down one%, 2%, 3%. there is good news. the fda authorizing pfizer's vaccine for emergency using children as young as 12. yes, hollywood cancel itself. nbc says no to hosting the golden globes over lack of diversity. why did they cancel a year out. joe concha takes that on. today we had larry kudlow, senator rick scott, todd pyro and nigel farrage. it

"varney and company" begins right now. stuart: good morning, everyone. you want a signal that consumers have plenty to spend? look at the performance of 3 big retailers all of whom reported their financial results first thing this morning. walmart strong, the stock is up, to present, he home depot sales up 31%. macy's department store supposedly in the doldrums same store sales up 60% all over that is compared to the depressed picture last year. all those stocks especially walmart on the upside to the tune of 3%. there is indeed a great deal of money and consumers pockets. that may be keeping them at home rather than going to work, 21 states of now said no to extra federal benefits. they want to grow their economies and can't do that of people won't go back to work, 21 states note to those federal emergency payments. or some of them. on the market this morning i will call that modest gains. the s&p, look at the nasdaq, that is a more solid rebound upper half of one%. it is pretty much flat. nowhere near a tie, it is below 44% and the latest quote on doge

people citing bad temper out of stuart varney. ry angry man. i don't know where that is coming from. corner of wall and broad maybe a reason some people are a little angry, we have a selloff going on in the corner of wall and broad. as stuart mentioned, janet yellen kind of stated the of obvious her

people citing bad temper out of stuart varney. they have not hung around italians very much i will leave it at that i look forward to your explanation, stuart. you're a great man a good man, not a very angry man. i don't know where that is coming from. corner of wall and broad maybe a reason some people are a little angry, we have a selloff going on in the corner of wall and broad. as stuart mentioned, janet yellen kind of stated the of obvious here, as things stand right now interest rates would have to rise somewhat to reflect the improving economy and to keep it from overheating. she is of course a former federal reserve chairman. of course those words carry considerable weight. whether that was a signal that the federal reserve would be well within its bounds to go ahead and hike rates in the face of this, we're not sighing evidence itself right there that the economy is weakening, there are signs or stagnation or any of that. i think we're taking a leap too far there. having said that the 10-year note comfortably under 1.6%, w

. >> run to the radio, we have a big show and do a simulcast with stuart varney. >> bill: download the fox news app. >> bill: morning. big questions to mask or not mask. democrat-led states are still struggling to figure out what to do with the new cdc guidance. i'm bill hemmer, welcome to tuesday. >> dana: good morning. i'm dana perino, this is "america's newsroom." california is set to keep its mask mandate in place for the next month. new york is lifting it tomorrow and the nation's capital rolled back on monday. cdc is to blame for mask confusion about the new guidance according to admiral giroir. >> we know cases are going down. vaccinations going up. cdc made the right play call but fumbled the ball at the one-yard line. the communication was a business mall. >> dana: when you have a former cdc director saying it was abyss mall. >> it continues to be reported the white house, the president specifically, was not informed about this guidance change until thursday morning of last week which is the same time we all found out about it. so is that how it went down? there is a new chann

i turn it over to "varney and company," stuart varney, i got a statement from the business roundtable who are pushing back on joe biden throwing out intellectual property rules saying it will undermine the effort to control the virus. over to you. stuart: i will cover it in that way. it is a humanitarian gesture, giving away the property. good morning, everyone. as we say a giveaway or a grand humanitarian gesture, the white house says it is time to suspend patent protection for the vaccine makers, that means giving know-how to the rest of the world, liberals letter, vaccine makers say it will take a long time to get that know-how applied, a long time to increase vaccine dosages around the world. news from moderna, their booster shot looks promising against the south african and brazilian variance and although their earnings report gets a positive outlook the stock is down because sharing a vaccine patent information, down 8%. news on the reopening of the economy, new cases will be way way down by july and the government reports a sharp drop in new jobless claims pointing the way for

stuart varney is up right now. stuart: good morning, everyone. this is it.y, we should be looking at covid in the rearview mirror. restrictions being lifted, masks are coming off, half of us are vaccinated, $2 trillion in our bank accounts, millions will fly, tens of millions will drive. this

ashley: i am ashley webster in for stuart varney.

i turn it over to "varney and company," stuart varney, i got a statement from the business roundtablenitarian gesture, giving away the property.

. >> run to the radio, we have a big show and do a simulcast with stuart varney. >> bill: download theing it tomorrow and the nation's capital rolled back on monday. cdc is to blame for mask confusion about the new guidance according

pete: will, we were on stuart varney's program a couple of days ago. level on frankly medical discrimination, which i think is what this ultimately is. now, based on how the knicks played last night. they won't see the second round. might be a moot point. the principle is still there. this is how we draw the line. you could potentially end up having some constitutional questions here. carley: here another thing california drowning in debt. california is launching $116.5 million give away for vaccinated californians. 50 million in cash prizes for 10 winners selected june 15th, $50,000 for winner ares on june 4th and june 11th already vaccinated? you are entered. not vaccinated, next 2 million that get fully vaccinated can also get a $50 card. i feel like i read some sort of flier or coupon that i found on the side of the road. i don't know how -- you know, my opinion on vaccine incentives has sort of evolved. i'm at a crossroads with when whole thing i know will you are super against it in ohio though it did work. they got so many people vaccinated with

varney? stuart: okay. so well, young man. you really do. great stuff, jeff. see you again soon. >>> all right, we need analysis of this real estate market, and this man is going to give it to us. mitch roschelle back with used today. look, existing home sales down 2.7% in april compared to march, and they were down in march compared to february. three straight months of declines. is it back to the same old story, there's not much for sale and that's why you can't sell many homes? >> 100%, stuart. you can't sell things that no one wants to sell, and that is the vicious cycle that we're in right now. the good news is in the numbers we heard at 10 a.m., there was a slight uptick in inventory. it's 2.4 months supply up from 2.1 months supply. but that's slim pickings, and that's why you're seeing houses with shag carpeting that are going above asking price. that's allowed bad it is. i think buyers are starting to get discouraged and not even trying, and if that cools down demand, that may break some of the cyc

friday may 7th, 2022, varney and company is about to begin. ♪♪ stuart: the news of the day. 266,000 jobsated in april. there is no way around it folks. and what went wrong, how did this happen? >> that number is so off. that is 266, and it is up, there is going to be mash in -- massive revision to that number because where they never came from, i don't know if there's more information than i do but mind-boggling to think that. stuart: does it affect your market analysis going forward? you have been on the war many times, this thing is going up, does this affect your forecast for the market? >> it will do that and it is going to cause the fed to say we are not going anywhere, very accommodative and the economy needs it. and look what happens, the tech is afraid that rates are going to go up and do something or inflation will rear itself in the head. if you focus on this report you get the opposite reaction which is what you are seeing, stocks are getting pummeled in the nasdaq is better than one%. stuart: i will bring in susan for closer look at big tech. we've got it on the screen. all o

varney & company begins right now. stu, take it away. stuart: good morning, maria, good morning, everyone. let's deal with this one first. new challenge to established streamers like netflix. at&t warner media and discovery getting together. that means hbo, cnn, tnt, tbs now combined with discovery's distribution expertise. both stocks are up. here is the bottom line, at&t unwinding media bet and there's one more powerful streamer with discovery's david in charge. he was a big surprise, he's a big development. next case, your 401k, showed a nice recovery thursday and friday but this monday morning things are not quite looking so good. the dow is going to be down more than 100, s&p to the downside by 16 and nasdaq also down around 70-odd points, plenty of red this monday morning. however, look at this, bitcoin trading at $44,900 a coin yet again elon musk involved. he put out a tweet which was considered negative for bitcoin and tried to walk it back, that didn't work and we are at 44,000 level. doge coin by the way, last checked 51 cents. you k

varney & co." begins right now. take it away, stu. stuart: good morning. america has a national security problem, that is the cyber attack on the pipeline, the colonial pipeline. it shut down half the energy supplied to the northeastern's united states, it's a ransom ware attack conducted, reportedly, by a shadowy group known as the dark side. the pipeline is still shut this monday morning with energy prices rising and regional emergency from texas all the way to new england has been declared a. the bottom line, someone knows enough about our computers to shut down part of america's energy infrastructure and that is a national security threat appeared don't know what we are going to do about it. this developed over the weekend where america really did seem to be getting back to normal. look at the weekend golf tournament attended by thousand without much mask wearing or social distancing. doctor fauci says changes to the mask guidelines are coming soon, but he also says masks may reappear during future flu seasons appeared let's get to the market this mond

"varney & company" is about to gun. ♪ ♪ ♪ stuart: jimi hendrix.ll wake you up on a wednesday morning. even if it is a little mist ity here in new york city. now, look, we could start with dogecoin. i could that start with all kinds of things, but instead i'm starting with what looks to me like a back to work, back to the economy kind of thing. here's the headline, op-ed e, new york post, don't buy the fear mongering. the covid-19 threat is waning. the author of that piece is dr. marty makary, and he joins me now. doctor, you're saying that we are below seasonal i flu levels with covid. what exactly does that mean? >> well, good morning, stu, nice to see you with. you know, we have a completely distorted perception of risk with many things in life. for example, the opioid epidemic. it's not good just because the media stopped covering it. and right now there's this distorted perception of risk that covid is worse than the seasonal flu. it was definitely much worse than seasonal flu in the past. but today the case fatality rate of covid is dropping

second hour of "varney & company" about to begin. ♪. stuart minimum. stephen moore is here fortunately. stephen, first spell it out, a global corporate tax minimum. what does that mean for american business? >> stuart i have to say something about your "my take," i think you just nailed it my friend. we are now 99% of the way back. so we are still $200 billion below where we were on gdp at the start right before the pandemic. so what that is saying stuart, 99% back to where we were started, which is spectacular, much faster rebound than in europe. europe is still really struggling. some of the asian countries as well. one other quick thing, stuart, this vaccine, i was just reading "the wall street journal" a "new york times" article from this time last year. they said it would take two years, stuart before we got a vaccine. two years. we got it in nine months. so there is a lot of good news here. now the bad news this global minimum tax. i hate the idea. i like the idea of countries competing on the basis of taxes. that limits government. it d

varney & co." continues now. ♪♪ stuart: all right.ainly isn't biden, i can tell you that right now. i'm worried because we don't often see his back, and i think there might be a key back there. it's hard to say. so many things have been handled in such a ham-handed way. he should know better, and i think the joe biden we knew did know better. but the people in charge right now do not. it's clearly people who were not elected because americans didn't vote for this now, did we? they voted for who they knew as joe biden who would handle things in a moderate way, who would work across the aisle. that does not exist. so so it's people -- we may be familiar with them on television. ric grenell, former national director of intelligence there, said that he thinks it's susan rice. i think it's probably a group of people probably fighting over, during -- at a table, a round table finding who's going to get the pop tarts and who's had too much coffee and just flailing about thinking it's not supposed to be like this as they eliminated all of pre

varney and company begins right now. stuart: it is a selloff anyway you slice it, all across the board. all sectors of the stock market and the cryptos are way way down. i will start with the stock market, dow industrials, looking at a 400 point loss, look at the nasdaq, way way down, running up to "the opening bell". it is technology getting the worst of the selling. stock investors today, the federal reserve, investors very nervous they will hint's tapping the brakes. that would bring wall street's party to a end. that is the stock market. bitcoin calling out a bit. the current quote on bitcoin 33,700. it is always well below 40,000, all the cryptos sharply lower as well. doge at $0.28. china, beijing, cryptos may not be used for payments, some form of regulation won't come here after the pipeline ransom paid in bitcoin. look at your 401(k) and you have some financial trouble. it is political trouble for the biden administration because the inflation is so troubling to financial markets is the president's wild spending plans.

maria: "varney and company" begins right now, take it away. stuart: good morning, everyone. here is the sport version of the financial news. stocks up, cryptos down. they may or may not be connected but that is happening. dow industrials within one% of their all-time record high up 60 or 70 points. the s&p 500 within one% of its all-time high on the upside. maybe a quarter a 12:45%. the nasdaq composite up half of one%. nasdaq rallied and this is why were partly the reason, the yield on the 10 year treasury is out one.59%. big tech loves lower interest rates. let's get to the cryptos. don't have any brand-new he on must crypto tweets, that is why bitcoin is coming down. the message produced a solid crypto rally but bitcoin is down 37,$000 per coin and the latest quote on his cerium is slightly lower for it.. ethereum. amazon about to by mgm studio operations giving amazon access to the james bond and pink panther movies and a lot more. another expansion where the online giant uses its capital to grow in other areas. lawmaker ask if the sheer size of big tech giants is ground

"varney and company" begins right now. stuart: good morning, wednesday's money story, stocks up, cryptos up, meme stocks up and interest rates down. wednesday's political story, china the boule after they force a groveling apology from the hollywood actor will they use their money and clout to cover up the true origins of the covid pandemic, we will cover all of it. the dow within one% of its all-time high, at "the opening bell" this morning, the s&p also very close to an all-time high, higher at "the opening bell" and the nasdaq up 45 points, one third of one%. treasuries yield down one.56%. it is up from the last trade, 156. lots of talk about inflation but long-term, we are not seeing things, game stop and amc showing big gains this morning. sure looks like the redit gate is piling into what we used to call meme stocks. cryptos, bitcoin at 40,$200 is where it is right now on the day. ethereum hit $2,800 a coin earlier. that is where it is right now up on the day and i've got doge at $0.34. stocks up, cryptos up, meme stocks up

the second hour of "varney & company" is about to begin. ♪. stuart12 noon today, if not, why not what do you read into it? >> i doubt he will because it has been laid out for us quite plainly. jen psaki on a podcast says it is against the game plan. his message launderers are messaged with leadership changes in the republican party. all they can focus on anything tangentially connected to president trump. you just laid out a cascading list of problems that affect everyday americans lives, stuart. inflation, i would add to that by the way the cdc's moving guidance on masking and schooling and whether our kids are in school. a gas shortage. we can go on and on. a bonderrer invasion. we have a crises pointing affect the lives of everyday americans, the response of the president, i shouldn't be, this is against the rules. i'm bad for taking your questions. i think he seems rebellious by doing that when the truth is i guess he is rebellious. he is rebel being against whoever is telling him not to. he has kiddie bumpers put up around what he can and cannot

host of "varney" & company on fox business stuary varney joins us live stuart good morning to you.is about $3. where was it last year? stuart: oh, that's easy, it's $ 3.04, correct that, $3.03 average price now, exactly one year ago, one year ago today, it was $1.96 per gallon. steve: holy cow. >>stuart: we've gone way up from one year ago. the days of $1 and change gasoline are gone. by the way, steve, the average price for a gallon of regular nationwide, 3.03. do you know what it is in california, right now? the average price for a gallon of regular in california, i'll tell you, it's $4.16 a gallon. that's california. and by the way, it's almost certainly going up from here, whether it's the 3.03 national average or the 4.16 california average, it's going up from here we've been couped up for the whole of the past year. steve: absolutely. stuart: we're eager to get out and spend some of the money that we've got all in our bank accounts if we've got any in our bank accounts we're eager to spend it, 1.8 million people went through tsa checkpoints on sunday that's the highest in wel

"varney and company" begins right now. stuarthina the boule after they force a groveling apology from the hollywood actor will they use their money and clout to cover up the true origins of the covid pandemic, we will cover all of it. the dow within one%

varney and company begins right now. stuart: have a great weekend and good morning, everyone.

"varney and company" begins right now. stuart: the cuomo bro show, you got a way with words. the dow up triple digits premarket, firmly above 34,000. the s&p, up a third of

varney and company begins right now. stuartill start with the stock market, dow industrials, looking at a 400 point loss, look at the nasdaq, way way down, running up to "the opening bell".

"varney and company" begins right now. stuart: i wish i had some of tepper's energy in the morning.e of 6.4%.

"varney and company" begins right now. stuart: good morning, and the bill and melinda gates.l not have much impact on that stock. just like amazon and jeff bezos, not much impact on the stock.

sunday, on "sunday morning futures" we have you exclusive program coming up varney & company begins right now take it stuartp to 6.one%. what a disappointment. obvious question, an

get started for free at ancestry.com maria: "varney and company" begins right now, take it away. stuartis happening. dow industrials within one% of their all-time record high up 60 or 70 points. the s&p 500 within one% of its all-time high on the upside. maybe a quarter a 12:45%.

"varney and company" begins now, take it away. stuart: good morning, everyone.s, thousands of them are focusing on just a couple of words from the fed meeting. some fed members suggested it might

varney & co." is about to begin. ♪♪ stuart: not often we start a financial program with crypto, with the weekend ad swing again, but that's what we are going to do. susan is with us and for the benefit of those that watch the thick-- phil mickelson win, take us through the crypto christ. susan: i was watching him when. final two rounds peered did you know 50 is the new 4770 is the new 60. stuart: you made my day. susan: doesn't this make you feel young as well with crypto currency. we saw a selloff yesterday. china has a crackdown when it comes to crypto trading and mining taking down bitcoin to 32000 sunday morning, china started to have a crackdown on trading in 2017 but now they are concerned over the environmental and electricity use so they are trying to cut down on crypto mining and the other counter crypto trading that takes place below the radar, you know over-the-counter. they are trying to crack down on that as well and it wasn't just bitcoin, ether, 1700 selloff and dogecoin barely 26 coins per mark cuban says he think it is the great unwind as traders burrow to buy ether and they use i

varney & co." begins right now. take it away, stu. stuart: good morning.dark side. the pipeline is still shut this monday morning with energy prices

varney & co." begins right now. take it away, stu. stuart: big smile, maria and good morning.fting and positive news. first, the pandemic impact, clearly winding down. did you watch the kentucky derby? 50000 people cheering on bob benefits seventh winner. i was in florida over the weekend and it definitely seemed like a change of mood with over hundred million americans fully vaccinated we seem to be throwing out the restrictions and the anxiety as well, throwing it off

varney & company begins right now. stu, take it away. stuartgether. that means hbo, cnn, tnt, tbs now combined with discovery's distribution expertise. both stocks are up. here is the bottom line, at&t

varney and company begins right now. stu, take it away. stuart: good morning, everyone.as a joke is now worth more than some of america's biggest corporations. case in point, dogecoin. latest quote, 66 cents per coin. that gives dogecoin a value of $86 billion. more than fedex and dozennens of -- dozens of other big corporate playerses. why is it up so much now? apparently, investors are buying it ahead of elon musk's appearance this weend