stuart: you get everything on "varney & company." look at this.he 142nd westminster dog club, doug show i should say, bichon frise i should say. it is flynn. that is his name, the dog's name. won best in show. flynn has a packed schedule today. after visiting the morning shows. he will have steak lunch at sardi's. trip to the empire state building and a walk-on part in broadway's ""kinky"kinky"kinky " >>> shale production high. thanks to frackers. >>> susan rice's email sent to president trump on inauguration day. fox news martha maccallum has been following that story very closely. she will break it down for us. look at that, the dow has turned positive. interesting. you're watching the second hour of "varney & company." ♪ mercedes-benz glc with its high-tech cameras and radar, contemporary cockpit, 360 degree network of driver-assist technologies, and sporty performance, what's most impressive about the glc? all depends on your point of view. lease the glc300 for just $449 a month at your local mercedes-benz dealer. mercedes-benz. the best or no

this is big money even by varney standards.ghter] >> new hampshire law says if you sign the ticket with your name, if you bought it in your name and signed it in your name it's public knowledge, new hampshire has a provision, i don't know anybody that would do this. when you buy the ticket, you don't think you are going to win. you buy it with a trust and register and the lottery people don't know and the public doesn't know. i don't know of anybody who took advantage of that. stuart: never. wait a second, i think it's a lady. >> it is a lady. stuart: i think -- >> she's a prominent figure in new hampshire society, she doesn't say politics, and wants to keep life as it is, people's lives changed to the bad side. stuart: she has a case. request i go public with half a billion dollars i could get shot, that's a pretty good case to make, protect me. >> she's basically asking new hampshire state judge to invalidate the statute. to prevent the state from revealing who she is. i think she's going to lose. my heart is with her but i'm

"varney & company" is about to

more varney after this sometimes, they just drop in. obvious. group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ retail. under pressure like never before. and its connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. stuart: interesting news from coca-cola which is a dow stock by the way and it is up about 2%. the soda side of the business, you know, diet coke, fanta not doing well at all but the fountain and water divisions are doing very well, cancels out the failure of soda. now this, new jersey democrat congressman bill is making prediction about nancy pelosi as a party leader. maybe he thi

you're watching the third hour of varney & company.weekend, five people dead after heavy rains and tornadoes hit the central part of the country. widespread flooding from the gulf coast all the way to great lakes, rivers in the whole region risk of overflowing and more rain is forecast for tomorrow and into wednesday as well. just look at those pictures. politics, democrats in orange county, california, hope to go flip the district from red to blue. this is a long-time republican stronghold, kaley is with us, rnc spokesperson, kaley, when i first came to america, orange county to america was the watch worth for republican domination and now it's on the verge of flip to go democrats, what are you going to do about that? >> democrats said it was on the verge in 2016 and it didn't happen. we are confident here, here is one of the reasons, stuart, california has odd system called top tier primary system, instead of nominating republican or democrat, the top two proceed to general election, right now there are 33 democratic candidates in or

we'll have more "or varney" right after this. ♪ ♪ . . . . ashley: look at the big board.n the daytona 500. so glad stu wasn't here. he hates tattoos. >> right out out of the movie "hangover" had the word champ put on his back side. ashley: glad he didn't share it with us. we'll leave it at that. neil cavuto, take it away. neil: that is for another day. dow off 65 points. well off the worst levels. a lot of crosscurrents we get to later next couple hours, this battle over higher interest rates, whether they are good or bad, stronger dollar. both are perplexing traders today, as well as disappointing earnings out of likes of walmart. which accounted for a big chunk of the losses we're seeing in the dow earlier on. again those losses have come down. far more important matters to be considering in florida where busloads of students from that region are expected to head up to tallahassee to make it known to state

yes, sir. >>> big hour ahead on "varney & company." sarah huckabee sanders says nancy pelosi should smile more often. the mia goes nuts. mike huckabee, sarah's dad, responds. much more what could be memo day. we the people deserve to know if there was a group within the government that tried undermine trump. we're all over that. >>> charles schumer says president trump should thank president obama for the economy. the white house will respond on that later today on this program. >>> 20 cities still in the running to be home to amazon's second headquarters. we have someone who says those cities should stay away from amazon. he makes his case during the second hour. you're watching the "varney & company." ♪ my "business" was going nowhere... so i built this kickin' new website with godaddy. building a website in under an hour is easy! 68% of people... ...who have built their website using gocentral, did it in... ...under an hour, and you can too. type in your business or idea. pick your favourite design. personalize it with beautiful ima

more "varney" after this. with anoro.ines called bronchodilators, that work together to significantly improve lung function all day and all night. anoro is not for asthma . it contains a type of medicine that increases risk of death . . . . once a day. tell your doctor if you have a heart condition, high blood pressure, glaucoma, prostate, bladder, or urinary problems. these may worsen with anoro. call your doctor if you have worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain while taking anoro. ask your doctor about anoro. ♪go your own way get your first prescription free at anoro.com. charles: 10 a.m. on the east coast. 7:00 a.m. on the west coast, no your eyes are not deceiving you, we are live. here is it what we have for you this hour. while the other guys are asleep, robert mueller's russian probe, 13 russians indicted more meddling in our election. no collusion or impact on the results but we have the fallout. one leading democrat says president obama's lacklus

hour three of varney up next.ng but more volatility on the horizon and we are asking the question, one day after calling for a ban on bump stocks donald trump will meet with students and teachers from park to the land, florida, even other recent shooting locations. the communications director is going to join us on that and the shooting in florida revealed serious flaws with fbi tip line. now the agency is investigating its own operations. we will ask the judge, one more example of failure of federal bureaucracy and the trump administration clearing the way for cheaper short-term health insurance plans, another alternative to obamacare, this -- california at it again. mandatory fines of $900, wastewater. the third hour of varney right now. checking the big board, dow 30, a new majority hire, united technology, jpmorgan and mcdonald's leading the way, walmart continues to suffer, it's worst sessions in two decades and the selling continues. it is the number of a lot of folks are looking for, and the coiled spring,

"varney & company" is about to begin. it changes so rapgdly that we're going to show you futures all over again. all right we were up 100 now we're up 60 you've got to watch this. literally moment to moment. wall street is on course for its worst week in six years. it has been a really qield ride for stocks just this week. these are the swings in the dow. we could go friday 600 look at that screen thousand point swings monday and thursday. tuesday 500 last friday 600 you get the story. that's a qield ride indeed. now, there are 17 stocks in the dow 30. which have reached correction territory that means down 10 prct that their highs and run through them this is how they're trading right now. may have been down 10%. but gemerk chevron rocketer and gamble are up in premarket trading today. same story with exxon. johnson & johnson intel and corrected 10% up premarket today. fisa home depot all of them up better than 1%. now look a these four. disney united health american express dow dupont show is gains for year 2018. oh --

you are watching the second hour of "varney & company."at those fancy new graphics. ♪ stuart: volatility on the upside. we're up 200 points. we had been up 300. where is the price of oil? i'll tell you now, it is back just below 60 bucks a barrel. 59.95. how is the price of gold doing much. it is up nine bucks. $1325 per ounce. >>> this is a mass exodus, i think we see more of it, basically in venezuela, out of venezuela. thousands of people trying to flee the country. they're looking in refuge in neighboring colombia. what is going on, liz. liz: the president of colombia, the situation is so bad, economic collapse in venezuela, it is so terrible, he is deploying soldiers to the border to stop the crossings for health care and for food. thousands of soldiers now on the border. he is also saying being nicolas maduro, president of venezuela, this tragedy is result of your policies. economic collapse in venezuela from your socialism why we're seeing now 600,000 people in venezuela, from venezuela in colombia, double what it was six months ago

much more varney after this. >> gorgeous. ashley: wow.same way these days. so why do we pay to have a phone connected when we're already paying for internet? shouldn't it all just be one thing? that's why xfinity mobile comes with your internet. you can get 5 lines of talk and text included at no extra cost. so all you pay for is data. choose by the gig or unlimited. and now, get a $200 prepaid card when you buy an iphone. it's a new kind of network designed to save you money. call, visit, or go to xfnitymobile.com. stuart: and you're going to get into the hall of fame, you know why, because you appeared on the program. that's why. [laughter] stuart: well, that was -- guess what newly minted hall of famer terrell owens. he got into the hall on the third try. eighth in nfl history with nearly 1100 receptions and second in receiving yards long overdue, young man, congress layings to you. check this one out. this is a good one. a teenager in idaho made millions off of bitcoin, his name is eric finman, 19 year's old, bought a thousand bucks o

guess what, u watching the second hour of "varney" and company.ad on mortgage rates, emac. liz: 4.4% the highest in four years. this is the seventh straight weakens -- week in the in. median house price at high of 240,500. this is following also the u.s. treasury 10-year yield going higher as well. freddie mac is saying likely see that mortgage rate continue to trend higher. so, you wonder, if this is going to really impact the housing market, if really people start to get up of off the couches say we have to buy now. ashley: mortgages and house prices going up. not a good combo. emac, thank you very much. liz: sure. ashley: amazon plans to open as many as six more of the cashierless amazon go stores this year. pretty interesting stuff. just to get your stuff, then you leave. all done electronically. amazon up six bucks, coming back just a little bit, still at 1489. >>> united tech that company leading the dow now up 367, up nearly 3%. we had higher profits at avis. that is helping the stock this morning. rental car company up 11%, my eyes are goi

second hour of "varney & company" is about to begin.rt: we're holding fairly consistently to a loss of just over 100 points. that is where we are. ashley: stability. stuart: stability. careful. careful. ashley: just saying. stuart: now look at it now. look what you did. ashley: oh, boy. stuart: big tech names, check them all the time. . apple holding a shareholder meeting. they may find out what they are doing with 285 billion in cash. we'll find out in a second. amazon reportedly wants to be a hospital supplier. that sent medical suppliers, way, way down. amazon could be the cause of this. there is a potential deal here. walgreens reportedly interested in buying a large drug distributor, amerisourcebergen. this is the amazon effect, writ large across the health care industry. under armour, strong profits, it raised its outlook for the year. that thing is up 17% as we speak. >>> talk about your money and the all the juice being added to the economy. brian benburg, kings college professor is with us. do you think all the spending, we'll

you get it all on "varney & company."hat's difficult? armless bowling. you got this, jimmy! you know what's easy? building your website with godaddy. pick a domain name. choose a design. you can build a website in under an hour. now that's a strike! get your domain today and get a free trial of gocentral. build a better website in under an hour. i love you. stuart: stock market alert, please. we're down 426 points. now, we're not seeing volatility in the classic sense of up, down, down, up, down, big moves like that. that's not what we're seeing. in fact, what we've seen so far today -- and the market's been open nearly two hours -- is pretty much straight down. it's been a gradual straight down movement, and we're now down 430 points, 24,450. and that's a one and three-quarters percent drop, 3.74% drop -- 1.74% drop. we also have significant drops in the nasdaq composite index, the s&p 500, all of them down about 1% or a bit more. so this is a broad-based, continuing selloff. 24,469. >> yeah. the vix is now up 9% above 3

though it felt like the market could have gone in any direction when i made this prediction on varney. charles: it seems like a coiled spring. the anxiety is there and you can people the last hour of trading will be absolutely mind boggling. charles: there is one more segment i didn't show you write said the dow would close at 24,800. i had a chance to bring in the best and brightest. some of my oldest friends are here. oliver, you got a raise since i saw you last. vince rinehart a former federal reserve employee. chris, i think you were pretty optimistic the last week. i saw some of your tweets and i know how you operate. but people were scared. >> i think we saw a massive reset of expectations. after sthaght strong january employment report. good number of jobs. wages looking to be stronger. people are starting to dial into the fact that the fed may have to raise rates four times this year. that with the uptake in bond yield and treasury yield, a big reset to expectations. i think we see that priced into the market. charles: i don't understand the fed hiking rates. when did a 3% yie

& company" stuart varney toaway?orning we know what he is going to say 10:00 sharp eastern the minutes the transcript was being released he is going to say economy is fairly strong, the jobless rate for au demographic groups downs consumer spending up incomes up wealth up housing improving slowly he says the kicker there is low and stable inflation. now here come the fed watchers they are going to read tea leaves up and down with a zoo i think the best fed watcher is market, 25 points on dow industrials market saying this is no huge deal this does not mean that we're going to have squaden sharp rise in interest rates, i think the markets saying steady as she does from the federal reserve, that is how we've got it right now. >> i am surprised we are not seeing gains, following yesterday's huge day, 400 points at the close. >> don't forget friday another 300 points there up 700 points two days. >> what is this don't you think we can take a breather now and again. maria: all right, all right. i know you have more five m

more varney&company after this.art: this is what justin timberlake says about letting his son play football, roll tape. >> so you would support if he we wanted to run some routes and get in the nfl? >> he will never play football. >> okay. >> no, no. stuart: whoa, he will never play football. by the way justin timberlake is the entertainer at the half-time show of the super bowl. "fox & friends" weekend host pete hegseth is with me now. pete, i was surprised that the half-time entertainer will say that his son will never play football, your response? [laughter] i guess i was too. this guy was in a boy band, i think his son will be much more qualified to be in a boy band, it's a lot safer on stage than a football field, right? come on indicative that elites see football and tough sports and manhood frankly, this idea that you learn things when you get hit, you learn things in the huddle when you get knocked down, listen, we all care about player safety, that's important, to say no, my kid can't play football because

bush business roundtable, he ceo josh bolten hort of "varney & company" stuart varney don't miss it wallain, the kind of wild swings that we have seen in the market, many people have bet billions of dollars, on stable markets, the last year or two, was a big winning bet some made 800%, betting against volatility but came back, you had a couple of these exchange traded products wiped out closed, for good on tuesday. now to you what were you going to say. >> i mean listen, we have spoken a lot since you know the lehman crisis where i spent you know a few days at the fed there. this is not that type of crisis this is not where on a one directional down trade everyone should be nervous that type where contagion coming this is a opposite you have a balancing equation right now between the bears and you bulls we spoke about between a regulating raising rate environment versus very good corporate earnings and growth the question is who wins, and we have not seen a rising rate environment for decades when i started in 80s we were 12% we have been one directional, you know for three decades, so a

more "varney" after this. . i don't know about you, but i want to know more -- look at that. that's what happened yesterday afternoon. that's the whole day. i mean -- >> that's not realtime. stuart: no, no, that's yesterday. and that's called volatility. in a moment, you're going to reach midafternoon where it really went crazy. i believe it was all about program trading and algorithms. i really don't have hanl on that. but deirdre bolton does. >> because i have fast fingers, i understand the whole system. stuart: first of all, the panic yesterday afternoon, dropped a thousand points in an hour. >> it did. 15 minute stomach lurch. stuart: is that program trading? . >> yes, it is. a mix of man and machine, but led by program trading. i think that nothing breeding could have been responsible for that 900-point drop in ten minutes. that was -- but i want to highlight that all of these programs are built by people, humans, like us. so essentially the machines just do what we think, the machines just do them faster.

host of "varney & company" on fox business channel, stuart varney. >> if you ask me what it means fory. the problem here is not the economy. when you look at the market sliding like this, don't expect that the economy is going into recession or even a slowdown. it's not. it is doing extremely well, no question about it. and every single item of economic news, that we've gotten recently, points toward a growing economy, expanding at the best rate in years. pete: is that what this selloff is about? jobless claims down, wages going up, so the economic environment is improving for average americans. so the fed says, hey maybe we might raise interest rates and market doesn't like that? >> that is part of the problem. when interest rates are rising, makes bond as little more attractive compared to stocks. there is no risk in a government bond. there is a lot of risk in stocks. that is part of the reason, rising interest rates. can i say one more thing here? which is not widely understood. i'm not sure i understand it either, these program trades. this algorthymic panic. the way the market i

"varney & company" is about to begin. here is the money going to open a little bit higher this morning remember we have a 300 point selloff yesterday looking to go up 70 for the dow 6 on the s&p, and maybe 20 odd points for the nasdaq composite. low lowes improvement going down and not up to expectations as they say and stock is down 8% that's premarket a big drop for low lohse. we never forget amazon on this program you never can holding above 1500 a share and going to spend wait for it a billion dollars for that high-tech doorbell maker ring. okay we've got more on that i promise coming up. staying on jack with wealth advisors, all right jack does the strength we're seeing in economy justify our viewers putting more money into stocks right now? >> i say nope. and the reason is -- we're running hot which is great. but we're running ahead of potential growth rate right now which means we at some point the fed does have to come in and pull things back. >> okay well you're telling me that profits looking down the road are n

& company" stuart varney weighing in good morning to you. >> good morning, everybody.ing on here you have the news this morning that dick's sporting goods not going to sell assault style ridicules to anybody under 21 got that piece of news i think that is their business, it is their policy. do as you approximately dick's sporting gootsdz, then there is are a boycotting nra movement, like against delta united airlines that kind of thing i am worded about that the politically zaugs of business when i buy a service i buy i according to price and quality not according to the politics of the company, about selling me that product or service. the most pernicious attack on free speech in my opinion the attempt to silence nra on amazon, google roku apple. those organizations run provides of nra from the nra. there is now a serious movement to ban them from all those outlets, that is deliberately stamping on free speech left does not like guns so shut up the nra i think that is absolutely flat-out wrong. there is no question. this is an ongoing story as businesses forced to rea

here's "varney & company" and stuart. stuart: thank you very much and good morning, everyone.his monday morning. yeah, the rally. it continues. when the market opens in about a half hour, february's dip will be almost wiped out. look at that. the dow will be up over 100 points. big gain for the s&p. same story for nasdaq. on the upside, first thing on a monday morning. don't you get the feeling that the market just wants to go up? you better pay close attention to amazon. it's moved above 1,500 per share, and it looks like it's going to open higher again this morning. where does that run end? i have no clue. then there's warren buffett. his nu

for the pbs news hour and kaiser health news, i'm sarah varney in indiana. >> woodruff: if you've beenching the snowboarding competitions at the winterames in south korea the past few nights, there's no other w to describe some of those feats as other than amazing. the american team is racking up quite a few medals and, as jeffrey brown is here to discuss, features some compelling personal stories, including gold medal winner, chloe kim. >> brown: the expectations were already very high for the 17- -old coming into these olympics. last night she became the focus of international attention with dazzling display of aerial acrobatics and athletic turns. eddie pells was there, covering the olympics for the ap. he joins me now via skype. eddie, expectations height but more than met, right? tell u wabout it. >>ld say way more than met. she went out there and essentially won the gold medal on her first run and had the whole thing secured and then, you know, for her last run, n didn'td to do anything but, you know, it's a snowboardinha mantraif you don't do your best the result doesn't matter,

here's "varney & company" and stuart. stuart: thank you very much, indeed. the news.er. after two extraordinary weeks, we all want to know how we will open today. the answer is up. now, just ten minutes ago, i would have said we'll be up 300 points. now i'm going to say it will be more like 200. that will still put the dow above 24,000, roughly 2,000 points below january's high. again, we always have to caution we don't know whether dow will close up this afternoon. how will respond to all the cash that's being

& company" stuart varney don't miss a moment we kick off with top story president trump headed to ohioati a battle rages on a capitol hill senators i am a to end impasse with dreamers bill blake burman carrying the story right now very latest. >> good morning to you. reporter: president white house treasury say this is the month february, when workers will start to see more in their paychecks because of the new tax bill so to that end the president will hit the road today to continue this aggressive sales push keep that in mind still 47 days since they passed this in law he will out to this new measure cincinnati ohio visit a manufacturer there, the president over the weekend, tweeting out, wondering why economy has not gotten more attention saying in tweet great job numbers and, finally, after many years, rising wages, and nobody even talks about that. part of the talk here in washington need to get a spending bill passed by thursday, it does not appear that at a congress has the stomach again for another shutdown, so one of the questions remains what might happen with an immigration

& company" stuart varney will weigh in a lot to factual about this who you are stay with us, we aret on wall street inflation concerns investors technology stocks driving the market, on a fist straight day of gains futures are indicated to look at more gains this morning take a look, dow industrials expected to be up 30 points, s&p 500 up 4, and nasdaq up 14, at the close at the open this morning, so stephanie do you think people have put the inflation worries aside for now? >> you know, i think that again, it is really more of a momentum driven bounce to me, you know the fundamentals i have to say, on inflation side right now, while the cpi did pick up the -- real pressure on input side that is probably going to persist you still don't see households ability to absorb substantial higher inflation right now you've got cpi running basically a full percentage point below he the ppi on year-over-year basis a margin squeeze for corporations costs going up faster than able to to pass them own i think we need to see where that flushes out but right now an input story so i think the market

. >> stuart varney on deck, host of "varney & company" stu i guess the fed meeting is next month, andther rate hike your reaction to numbers stu. >> i am a little surprised that the yield on the 10 year treasury didn't go up more than it has gone up. 2.88%, this inflation report that is not even getting back to the high that we hit i think last week 2.90%. >> right. >> i think we've got to let this settle down get to grips with this level of inflation, and see if we're going to 3 and quarter percent on 10 year treasury if so i would expect a more serious decline in stocks, built let it settle down as you he say, in pack the cpi report what is really inside this thing, and does it imply a strong pickup inflation in the months to come if it does, all that the markets an attractive alternative for now let it had settle down we've got 45 minutes till we open trading i think things settle by the time off and running. maria: i think you make a good point in terms of settling down this is a whole new environment for investors something that the investment community hasn't seen in a while tal

& company" stuart varney get this is thoughts here stu good morning to you of a good morning, maria. that i am looking at is wages. and the rise in wages. year-over-year, 2.9%, i believe that is the fastest rate growth for wages in several years. and i think that may be pointing the way towards a little inflation in the economy. and that in turn is pointing the way to higher interest rates, i think we've got 2.83% 10 year at this moment why i think the dow down what, 190 points to me that is a fascinating number, about near 3% gain in wages after a long period of near stagnation i think that is big news. maria if i may there is one other number that i am paying a lot of attention to, and that is from the atlanta fed, they are looking at 5.4% annualized growth rate in the first quarter. that is -- is are they outliers? i have not heard anybody certainly not the reliable authority like the atlanta fed suggesting 5% growth in fird quarter annualized i'm not heard that those are two numbers wages it is a atlanta fed. >> headlines this one hundred percent. >> i will buy dip any day of the

this is the same hillary clinton camp that went to great links to help rigged the election against varneyanders. it's a similar playbook and applied it to donald trump. >> just asked donna brazile about all the. >> it's good to see you. we're coming right back with much more. please stay with us (daniel jacob) for every hour that you're idling in your car, you're sending about half a gallon of gasoline up in the air. that amounts to about 10 pounds of carbon dioxide every week. (malo hutson) growth is good, but when it starts impacting our quality of air and quality of life, that's a problem. so forward-thinking cities like sacramento are investing in streets that are smarter and greener. the solution was right under our feet. asphalt. or to be more precise, intelligent asphalt. by embedding sensors into the pavement, as well as installing cameras on traffic lights, we will be able to analyze the flow of traffic. then that data runs across our network, and we use it to optimize the timing of lights, so that travel times are shorter. who knew asphalt could help save the environment? ♪ >> i

& company" stuart varney looking at the glass half full, stu. >> look, it is very hard to judge howlly volatility market minus 220 i don't think tells full story down minus 500 or minus 600 by the time we open this morning, but to fall on from your comment maria i think that might open up the opportunity for some bargain hunting the big tech stocks are going to be down at the opening bell, doesn't that open up the possibility of the process comi processs come in am tiers sell pros come in buy what they i think barring apple 154 netflix 47 facebook 1 78, ram horizon below 1400, they are going to be pros say the amateurs panicked out we are going to step in, we are going to apply the big techniques or apply whatever they think is a barrin bargain run up probably sell again watch out for bargain hunters going to be there, watch owe out for exceptional volatility, up and down all day long. >> yeah for sure we have been seeing that volatility just this morning alone, we had nancy on earlier buying on dip couple firms out there like, rbc telling clients buy on dip you are not alone people

"varney & company" begins right now. stuart over to you. stuart: thank you very much, indeed.ryone. it will be a difficult day. a troubled teen shot and killed 17 people at a florida high school. 19-year-old nicolas cruz had been expelled from that school last year. he returned yesterday and started shooting. it is the 25th time since 1999 that youngsters have been shot and killed in our schools. 98 dead. this morning, there is that dreadful sense of shock. oh, no, it's happened again. this young man, there were so many warning signs. disturbing posts on social media. discipline problems. walked away

here to break it down is host of varney and company on the fox business network stuart varney.st week worst week in two years. >> all over the place. ainsley: if the economy is doing great why stocks? >> let me start with this. this is monday morning. everybody is looking at what is going to happen mopped morning after a couple of really bad weeks. after the opening bell we will go up on the dow industrials 200 maybe 300 points. that's up. don't think this is all over. don't think that the volatility has just come to answered. i don't think it has. i think we are in for another rough ride. that doesn't mean to say there is a big sell off. i do mean to say up and down like this. i think that's going to come back. steve: ultimately, what's happening, and you talked about this, is because the economy is getting stronger. the federal reserve is likely to raise interest rates. >> that's right. steve: they have been giving away money essentially for the last decade. if interest rates go higher, that's why everybody is reacting this way. >> that's right. you put your several in the si

stuart varney, yesterday, the market dropped. >> yep. steve: 4.6%. down 1,100.f. let me tell you this from the get go. a, the sky is not falling. b, there is no economic catastrophe on the horizon. c, the left is spinning this because they really want to associate president trump with anything negative d, did you hear that bit about your retirement savings have been erased. nonsense your retirement savings are still up about one third since the election of donald trump. ainsley: this takes us back to december numbers. >> yes, we lost the gains of 2018. still got all the gains of 2017 very much in place. look, there are two reasons why we got this big sell off. number one, we were due. the market has gone straight up ever since the election of donald trump. brian: not natural. >> nothing goes up, straight up forever. all markets correct, period. you have gone from 18,000 to 26,000. okay, so now have you corrected at 24,000. that's what's happened. b, the economy is doing extremely well. and when the economy does well, interest rates tend to rise. rising interest

this is the same hillary clinton camp that went to great links to help rigged the election against varneyrs. it's a similar playbook and applied it to donald trump. >> just asked donna brazile about all the. >> it's good to see you. we're coming right back with much more. please stay with us soi want you to pick a newr truck for your mom or dad, knowing that they could possibly pass it down to you one day. oh. cool. but before you decide, you should know that chevy silverados are the most dependable, longest lasting full-size pickups on the road. which means that ford f-150s are not. (giggles) which truck would you pick? the chevy. there you go. boom. that was obvious. plus it looks cooler. no doubt about it. now they know what to get me. type 2 diabetes.here to test people's knowledge about so you have type 2 diabetes? yes i do. true or false... type 2 diabetes more than doubles your chance of dying from a cardiovascular event, like a heart attack or a stroke. that can't be true, can it? actually, it is true. and with heart disease, your risk is even higher. in fact, cardiovascular disea

jay m., "varney & company," knows his markets as well as anybody working here. you here to scare us this morning or reinsurer investors? >> i wouldn't scare you, but i would say fast in your seatbelts. for the last seven or eight years. everything's going to be fine. though volatility except for the equity market. that's not the case and we've got a bad case of short-term as them. when things unwind and by the way they are going in for a good reason. we've seen grow grave at 524%. these are good reasons, but now level make interest rates rise a little bit. we can go up in the stock market and go down on good reason for that is just part of this unwind. we need to see investors unwind where they expect low volatility trying to tell us what we should be looking for. percentagewise the average in what they've done here today. kingstown 120.5%, the dow 32%, 33% since election day. the selloff in the two sessions, 7% lower than the dow sinks in the s&p, something like that. woodward for a brief period into technical correction, 10% from a high. after we presumably ge

about hillary clinton to denigrate other candidates such as ted cruz and marco rubio, and to support varney sanders and then candidate donald trump. rod rosenstein was talking about the attempt to sow discourse. >> the indictment alleges that the russian conspirators want to promote discord in the united states and undermine public confidence and democracy. we must not allow them to succeed. >> now the indictment says these russians did have some contacts with some members of the trump campaign, but rosenstein also went out of his way to say whoever those campaign members were, just like every other american that came in contact with them, they had no idea about the true identity. >> there is no allegation in this indictment for any american had any knowledge and the nature of the scheme was that the defendants took extraordinary steps to make it appear they were ordinary americans. >> back to this theme of trying to sow discord, ashley rosenstein rode said that after trump was elected they set up rallies both for and against president-elect trump. speaking of the president, he is expected

this is the same hillary clinton camp that went to great links to help rigged the election against varney. it's a similar playbook and applied it to donald trump. >> just asked donna brazile about all the. >> it's good to see you. we're coming right back with much more. please stay with us touch is how we communicate with those we love, but when your psoriasis is bad, does it ever get in the way? embrace the chance of 100% clear skin with taltz. taltz is proven to help people with moderate to severe psoriasis achieve completely clear skin. with taltz, up to 90% of patients had a significant improvement of their psoriasis plaques. in fact, 4 out of 10 even achieved completely clear skin. don't use if you're allergic to taltz. before starting, you should be checked for tuberculosis. taltz may increase risk of infections and lower your ability to fight them. tell your doctor if you have an infection or have symptoms, or if you've received a vaccine or plan to. inflammatory bowel disease can happen with taltz, including worsening of symptoms. serious allergic reactions can occur. ready for a

this is "varney & company."uilding a website in under an hour is easy with gocentral... ...from godaddy! in fact, 68% of people who have built their... ...website using gocentral, did it in under an hour, and you can too. build a better website - in under an hour. with gocentral from godaddy. stuart: we're been open for 45 minutes. the rally at this point is certainly holding. next case, i want to go back to the florida shooting. i want to bring in congressman mark wayne mullen, republican from oklahoma. sir, there were clear warning signs about this young man, very clear. he was on the police radar screen. he had been disciplined at school, expelled, et cetera, et cetera, et cetera. what is it that we need to do to keep guns out of the hands of youngsters like this who are clearly troubled? do we need to change the law? do we need to put the onus on therapists say you have to point this out. what do we do? >> stuart, the first thing everybody always wants to talk about when we have unfortunate event like this,

stuart varney has a wallet. and he's going to join us live next.business ♪ taking care of business ♪ working overtime ♪ work out ♪ don't let type 2 diabetes get between you and your heart. because your risk of heart attack or stroke is up to four times greater. but there are steps you can take to lower your cardiovascular risk. talk to your health care provider today about diabetic heart disease. and find out more at heartoftype2.com. your heart and type 2 diabetes. make the connection. happy face when a driver follows the speed limit. the positive reinforcement that could change america. or a sad face when they break the law. that's about ramifications. officers say they are trying to keep up with the smart phone era. lol. then, this is amazing. a cow is caught in the act stealing mail. >> drop the envelope. [laughter] brian: thank goodness for the ring door h doorbell. can yocan you see the cow choppering down on mail outside the home. the dad running at the animal as if he just put fear aside. hits plan works. the cow runs off with the piece of

but "varney & company" we're about to begin. stay there please. >> all right let's start breaking news, why not? president trump say he's reefed a deal with boeing for a new air force one plane. ashley. >> this was supposed to be a $5 billion deal it initially for two new planes now it is used been in sfts for some 27 years. they're actually ordered by ronald reagan they immediate to be upgraded apparently now deal is struck with boeing through the trump administration to come many 3.9 billion. basically saying that the taxpayer going to save 1.4 billion on this deal the new plane have a new mission communication system a medical facility and executive interior and probably a really big wet bar probably. but anyway others on plane probably do. >> he was short -- a huge win and a big success. >> 1.4 billion less than estimates. >> what are you doing? >> laughing at the wet bar cracks. not even noon and we're talking ab wet bar i think that's thrilling. >> president has a deal with boeing, saving money on air force one planes. got

eastern and gary cohn is on today with stuart, top economic adviser joining varney & company at 9:45,tay tune to that as well. lauren: remember when futures were flat before the job's report, we are not seeing that today, we have -- we haven't seen that in the last couple of reports. >> other things that are going on in the markets but she'll -- lauren: cheryl casone will be coming up. we are taking a look at her now. cold in minneapolis. it's still early in minneapolis. all the buzz for the game on sunday. no one is excited around here because everybody hate it is patriots. >> well, yes. the whole boston-philadelphia doesn't go down to well in new york so whatever. record profits for amazon and the to be is soaring ahead of the opening bell this morning. we will talk more about that. >> alexa show me a recipe for grill cheese sandwich. >> you're 38 year's old of age and you don't know how to make a grill cheese sandwich. the name is the recipe. >> got it. >> warning of netflix users about new e-mail scan and will stay on the markets with the dow futures now down 242 points ahead of t

this is the same hillary clinton camp that went to great links to help rigged the election against varney similar playbook and applied it to donald trump. >> just asked donna brazile about all the. >> it's good to see you. we're coming right back with much more. please stay with us this new day. looks nothing like yesterday. roads nowhere to be found. and it's exactly what you're looking for. type 2 diabetes.here to test people's knowledge about so you have type 2 diabetes? yes i do. true or false... type 2 diabetes more than doubles your chance of dying from a cardiovascular event, like a heart attack or a stroke. that can't be true, can it? actually, it is true. and with heart disease, your risk is even higher. in fact, cardiovascular disease is the #1 cause of death for adults with type 2 diabetes and heart disease. but there is good news. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit. jardiance is proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease and lower your

ashley: well you know, robin, let me follow up with that, and stuart varney side this earlier today,e of his editorials, it seems to me that the democrats and republicans have changed roles. used to be the republicans are country club, democrats are the union hall. now the democrats have become a party of the rich and through donald trump the republicans are out there talking to union workers in michigan and wisconsin wherever, while hillary is out raising money with the rich people in the hamptons. there is a little bit of truth in there, would you not agree? >> there is some truth to that. i mean we still meet with the union workers and are knocking on doors every day but i think both parties right now are coddling up to the rich. doesn't make me happy but you know, with our, i'll tell you this, just in my talking points i know i said the covers are very low in the dnc. in the gop, they have raised a tremendous amount of money but they have got an enthusiasm gap. now barack obama did too in 2010. so you know, it is not unexpected going into the midterms but i do think that my party

varney sanders challenging the democratic party and donald trump challenging the republican party. four, you son increase in confrontational politics. we've seen that as well. now, after that eight years is over, gradually those effects dissipate and things go back to a little bit more the way they were before. so, if you believe that pattern, then this is a speedbump, we change things but we eventually return to that. that's one point of view. the second way to look at it is that this isn't just speedbump but it is more of an inflection point and there are unresolved tensions in the global economy that we need to think about. what do we do about middle american, middle income workers in developed countries and their capacity to compete and have good livings, given low wage workers in emerging markets and the rise of automation? that's an unresolved issue. that will not resolve itself within the eight year time period. what about immigration and the pressures that causes? good and bad, but they are absorbing greater immigrant populations. not likely to be true resolved in eight yea

tell varney that. last 15 minutes is the whole day. [laughter] we're always joking with each other. it's my hour, no, it's my hour. dick bove, thank you so much. right now the dow is up 26. s&p up 5. could all change in the commercial break? and let me guess, at some point this week some of you if you didn't outright panic about your portfolio, you thought a little bit about it, right? with the closing bell ringing 45 minutes away, don't beat yourself up if you got a little nervous. even hedge fund billionaire bobby axed rod from the hit series billions. coming up, we've got a fox business exclusive with the real wendy rhodes, the hedge fund whisperer reveals what she's been telling people to do this week. and robots, are they really in charge of this market now? stay tuned, we're coming right back. ♪ ♪ ♪ ♪ liz: we're about nine minutes away from a lot of hedge funds coming in and doing their redemptions or blasting for the -- balancing for the week, so we could get crazy here, but right now the dow's up 54 points. now, some of you learned a new word this week while dropping the spi

liz: that was scott shellady on "varney & company" today, nearly a three decade market vet, telling foxn-year yield -- and we've been talking about this a lot -- it's not so much the fact that it's moving higher, it's the velocity or the speed with which out jumps. that's what appears to be spooking the markets and igniting crazy volatility we saw in the last two and a half weeks. this chart on our screen, courtesy of our own charlie brady, shows for most of 2017 the treasury yield held nice and steady around 2.4%. but then as stocks kept climbing higher, the sudden ramp-up in rates sent stocks into panic mode. and when i say ramp-up, we're talking january 5th, okay? and then to today, that's the spike that you see that is circled right now. two days ago the ten-year hit a fresh four-year high of 2.95%. slightly lower right now, but as we tango between bonds and stocks, will it tripp the markets? -- trip up the markets? tim anderson, you get to predict right now. what happens next week? >> it's setting up to be a very positive week for the market, and i say that because after four days

but as special correspondent sarah varney for the poor say they are worried the requirements will m jeopardiical care for more than 30,000 people there. this sto was produced in llaboration with our partnerh kaiser heaws. >> reporter: katie josway is a songwriter and the front woman for the indianapolis band gypsy moonshine. ♪ ♪ over the past few years, she's been covered by medicaid. the public insurance programs largely free to patients in ayher states. but in indiana, joays about $25 a month. if she misses too many payments, the state will drop her insurance. >> i thinkhat it's fair to expect people to contribute based on their level ome and their ability to do so. so i think that's kind of at we do in this society. >> reporter: but josway, who also works as a massage therapist, worries about changei to medicaid in indiana. and even though she earns about $16,000 a ye, near the federal poverty level, she'll have to prove that she's working at least 20 hours a wk to stay insured. a tough bet when her hours fluctuate each week. >> i'm trying to get pto book with me, but if they don't, then i do

. >> thank you so much coming up power of amazon, stuart varney weighs in on expectations there beforefter the bell tonight back in a minute. ♪ ♪ bell rings... ...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network security helps protect business, from the largest financial markets to the smallest transactions, by sensing cyber-attacks in near real time and automatically deploying countermeasures. keeping the world of business connected and protected. that's the power of and. >> we started out doing highest return type of investing but all of a sudden -- we've got a . >> it keeps getting bigger, as we go down. >> chairman ceo of blackstone group explaining the runway that he sees for the blackstone group the company reporting earnings today, he talked about thank you strategy with be last week in davos, as you can see, it was one of a dozen of companies reporting ahead of he open this morning better than expected blackstone shares up 2% right now nicole petallides on floor of the new york stock exchange very strong earnings a down market