welcome to the 15 year anniversary of "varney" & company.celebrate we're going to start with a look back at our very first show, all those years ago. roll that tape. stuart: hello, everyone. we're live today, all day here on fox business, because your money never takes a day off. this is "varney" & company. and let me introduce you to the company. charles payne and chris carter in the studio, tracy burns sitting right next to me, and today from california, bud conrad is with us and we'll plant our flag in california everyday on "varney" & company. it's the biggest state economy in the whole country but it's also shall we say insolvent. >> people are leaving california in droves, wealthy people just like leaving new york state and going to places like texas. >> it's political season and the bankers are in season because look they did get a lot of government cheese handouts in the bailouts. stuart: and will class warfare swing the massachusetts election? only time will tell. that is it from all of us at "varney" & company but we'll be back tom

"varney & company," 15th anniversary.] not going to do that. lauren: well, going to 91 would be hard, but one never knows. [laughter] stuart: well, this is great. ashley, what have you got? ashley: you know what? one thing i've learned from you, stuart varney, is you know television. my first joshes i started in 1987 which is, what, 38 years ago. you above anyone i've ever worked with taught me about what makes good it's, and that's why -- television, and that's why the show has gone on for 15 years. it's very high highly rated and thank you for that. stuart: anything to add to that, lauren? i'm open to flat ifly. [laughter] lauren: you've you have a lot of energy, and you've been a role model -- stuart: i think my energy level is coming down. it's not completely gone, so what's in this cake? is it a chocolate cake? is it a sponge cake? it's chocolate? good, i happen to like that stuff. thank you very much, indeed. i'm going to have trouble getting it home today, but i'll put it in the fridge -- lauren: there's pizza up h

. ♪ >> wow, varney, congratulations on 15 years.nks for letting me crash your party every day at 9:30 in the morning. cheers to the next 15. >> stuart varney, i understand it's your 15-year anniversary. well done, lad. you can come back anytime that you want to to. >> congratulations, stu, on an amazing 15 years. fun fact, can't start my week without my take. daily candy. it's like coffee for me. keep up the great work. ♪ celebrate good times, on. ♪ it's a celebration ♪ stuart: you know, i'm really having fun today. let's celebrate. good morning, everyone. yes, it is 10:00 eastern. it is friday, january the 17th. yes, you'll hear a lot of this, the 15 anniversary of "varney & company". you like what you seed to. the dow's up 327 points, very solid gain for the nasdaq as well, it's up 1.3%. the 10-year treasury yield has been heading down in the last couple of sessions, and investors like that. we've got the yield at 4.60% on the 10-year treasury. the price of oil, below $ing 80 a barrel. bitcoin rallying very nicely, thank you, $103

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now, joining us is the host of varney and company on fox business, stuart varney. >> stuart: good morninge the democrats waiting to talk to him, hey, you want those tax cuts extended to help your rich pal. >> bernie sanders went on the confirmation hearings. scott bessent is absolutely right. if you don't keep the tax cuts in place, that is a de facto tax increase and the consequences of that are a slowing economy. a possible recession. more deficits and bigger debt. is he trying to avoid that. that's why it's his number one priority. >> but, you know, the tax cuts don't help just rich people. >> certainly not. no. the tax cuts stimulate growth. that's what bess sent is going for. grow the economy. more jobs. better wages. that helps everybody. middle class people. low income people. everybody wins. >> so i think the two top priorities for and things on his radar the tax cuts, obviously, but also tariffs we have heard a million times tariffs are tax on peel, too. you tax 20% china. >> that depend on who swallows the 10% tariff is it passed along to consumers? no, not always it. can be swa

i am ashley webster in for stu varney if today. it's day two of the man hundt for more special suspect in the isis-linked terror attack in new orleans. police say a former army veteran used a truck to plow through new year's revelers before being killed if a shootout with police. right now 15 people are confirmed dead and at least 30 more injured. the chief of police says they are not looking for accomplices in the attack but, quote, persons of interest. we're continuing to follow that. we're also following that breaking news in las vegas as one person is dead after a tesla cyber truck stuffed with explosives blows up outside the trump international hotel. officials are now looking into whether the two incidents are connected as we are learning that both trucks involved were rented through the same car rental app. >>> now to the markets. yes, it's the start of a new year. futures are in the between to start off 2025. the dow up 261 points and both the s&p and nasdaq up more than half a percent. meanwhile, the 10-year treasury yield

"varney & company" picks it up on that note. stu, take it away. t stu stu on that note, good morning, everyone. call it a great leap forward for free speech. met a making big changes to the its vetting process. mark zuckerberg's fact checkers in the past have been too politically biased. they are moving to a community notes policy similar the, and, and zuckerberg's moving the trust and safety team out of california. where do you think the they're going? they're going to,. if trump -- to texas. if trump had not been elected, this would not have end happened. president biden acting as the spoiler in chief, announcing new rules designed to the block trump's agenda. trump may have trouble reversing them. bind also stopping some mining operations in nevada, and kvp says biden's last two weeks in office will be jam packed. watch out. to the markets. the buying continues. the dowvilles up 125 as we speak, that's with 29 minutes to the opening bell. the nasdaq up another 40 points. if now edge, big tech -- technology, big tech did well yesterday. somethin

stuart: good morning, everyone and welcome to "varney" & company. there is a delay in the cease-fire deal between israel and h hamas. prime minister netanyahu says hamas has not complied in full with the details of the plan so his cabinet will not yet meet to radify it. there's opposition inside israel and hostages will be released in exchange for hundreds of palestinians some of whom are serving life terms for murder and terrorism. president biden gave an 18-minute farewell speech from the oval office last night. it was grim. full of warnings. he thinks tech ceo's are abusing power. he calls them oligarchs who threaten our democracy. a.i. is a threat to our privacy he says. the tech moguls are like barrons. there was a dark tone throughout and he came across as an angry old man. that's my opinion. donald trump, meanwhile, has never been more popular. a new fox poll shows a best-ever approval rating, 50%. to the markets. we're looking at a mixed open after yesterday's nice, big gains. the dow is going to be down over 100 points but a modest gain for

"varney & company" is about to begin. ♪.tuart: if you're looking to see what's happening with your money this morning i gotta tell you a big seller futures tumbling on fears of the a.i. stock bubble bursting after the chinese startup of deep seek develop competitive a.i. model at a fraction of the cost lou basenese is with me, how do you play a.i. now that the american a.i. stocks are selling off big time. >> have to listen to what i've been saying, play the solution providers for suppliers of chips you have to find a.i. is an underpinning just like you don't play the carrier of mobile data beautifully companies coming up with solutions looking for cancer companies that are developing new drugs based on a.i. that can switch at whatever a.i. they want to use over time other technology medical device technology that leverage a.i. to improve the effectiveness those are companies you want to look for another a.i. chip supplier like nvidia even though i own nvidia but that was a tale once i bought nvidia it would selloff and here

"varney & company" is about to begin. ♪ ♪ stuart: all right.are going to start by taking you to the heart of california's fire disaster. max gorden joins us from los angeles county. bring it all together, please. what's it like where you are, max? >> reporter: good morning, stu. well, what's been most shocking for me is this is not necessarily what you think of when you think of a wildland fire. we're in a residential neighborhood here in pacific palisades, and and we are seeing block after block, home after a home burned to the ground. you can see cars burned to their hub caps in their driveways. just awful scenes here in pacific palisades. this fire now confirmed at 17,20 the 0 acres, around 2,000 structures now confirmed to be destroyed. while there aren't any fatalities on this fire specific i clue, fire officials say that many people were injured as they tried to's a cape the flames, a frantic evacuation as people tried to get out. these flames were fueled by the santa ana winds gusting at up to 100 miles per hour at some points. it's goin

"varney and company" is over. david: give my love to madison

>> thank you, varney. great to be with you.y're going to end all those programs and sow those numbers and that's why the last four years, especially in the last year and during the political year and going for the sensorineural sense of alohaing american people and the number of border crossings were down between ports of entry and rightfully so and not taking into account the number of illegal and it was one way to deceive the american people as one way to take a victory lap by saying the numbers were down at the border but yet still releasing illegal immigrants into the country strategically by the programs and of course the chv program, they were releasing venezuelas as well into the country and still are, we know several of those are associated with the notorious tren de aragua tda criminal gang that's in the country right now. that really has put the american people at risk, public safety risk, national security risk but it's at the hands of trying to deceive the american people saying that they were able to get the number

"varney & company" is about to begin. stuart: i think the song is about me, i'm back to two wonderful weeks of vacation. >> you look relaxed. >> i feel relaxed. it is nice to get back to normal to a schedule of getting on with life. >> this is the week to do that. here we go, congress will count and certify the results of the 2024 election. a major winter storm is expected d.c. region but speaker johnson has a message for his colleagues. you are not getting a snow day. >> we have a big snowstorm coming to d.c. we encourage all of our colleagues, do not leave town, stay here. as you know the electoral count requires us and generally six at 1:00 p.m. whether we are in a blizzard or not we will be in the chamber making sure this is done. president trump had a mandate. a landslide so many electoral votes and we get to count them all and we cannot delay the certification pretty good deserves it. 77 million wiccans voted for president trump. almost 75 million for the house. we have to begin immediately on monday. >> 6 inches of

"varney & company" is up now, ashley webster is in for stuart. ashley. ashley: good morning, cheryl. thank you very much. good morning, everybody. i'm in for stuart who, by the way, will be back nicely refreshed onioned monday. now -- on monday. after a moment of silence to honor the victims of the new orleans attack, college football fans erupted into a powerful usa chant. it was a loud and patriotic show of support as the crowd rallied together. finish meantime, new details emerging out of new orleans. the fbi is confirming the terror attack was inspired by isis. local and federal law enforcement searched jabbar's home in texas and confirmed that they found bomb-making materials. the suspect's brother believes that extremism was the driving force behind the attack. meanwhile, the suspect in the cyber truck explosion right outside trump international hotel in las vegas has been identified as a deck do rated active -- decorated active duty soldier. we'll get into that. >>> let's take a look at these market, the second trading day of the new year, and aft

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i'm david asman in for stuart varney. first checking on the markets, all the indexes are down, but not by a lot. the dow is down 110 points, s&p down fractionally, and nasdaq down 30. show me big tech in you can because we had a couple in the green, now just alphabet in the green right now. microsoft, apple, amazon, nvidia in the red, but none too far in the red. and the 10-year treasury shows a slight dip in the yield, three basis points to 4.6%. right now president trump is in north carolina and later this evening, he will travel to california to tour wild fire damage. governor newsom may be meeting him, we're still not sure. he says he's going to be on the tarmac in la. we'll wait and see what happens. steve hilton joins me now. by the way, steve, the governor says he's going to be meeting trump no matter what. we still haven't heard confirmation of that from donald trump. what do you think's going to happen if the two meet? >> look, i think they have a perfectly cordial personal relationship, but on the policy they're

the air rare earth need for green agenda the host of varney and company stuart varney joins us now. >n. >> brian: your thoughts, about his maneuvers. >> stuart: biden the sproirl in chief. using last few days to stymie and block what is trump's agenda. so far it is working. is he doing. this remember. he is the same introduced very quietly a ban on natural gas water heaters. he has introduced the idea that federal employees could continue to work from home until 2002 # but wait a second, brian. there is more to come. k.j.p. yesterday said that two weeks left for biden will be jam-packed, jam-packed with what? more rules to stymie trump? and for sure is he going to get as much green spending out the door as he possibly can and that's just go to stymie up the works as we go along. he wants to spend hundreds of billions of dollars and get it spent in the next couple of weeks. he is leaving office as angry older guy determined to mess up his successor. >> brian: here is what trump said on truth social. biden is doing everything as possible to make the transition as difficult as possible f

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we'll have more varney right after this. advil liqui-gels are faster and stronger than tylenol rapid release gels. ♪ also from advil, advil targeted relief, the only topical with 4 powerful pain fighting ingredients that start working on contact and lasts up to 8 hours. ashley: we're waiting for the latest update from the fb and i recollects you're looking at a room where that press conference will be held and we'll take that to you live when that givensment fbi speaking alaska what they've discovered and the latest information and congressman darryl issa, republican from california joining me now. congressman, we may have to cut away in the middle of this however, let me say this, the fbi said this was not a terrorist attack initially. how did they get that so wrong? >> well, they get it wrong unfortunately particularly with a lone wolf and hadn't heard chatter or seen things that would make them believe that. let's be candid, this is one of the hardest types of terrorist attacks just as oklahoma city bombing was very diffi

"varney & company" picks it up now. suh, take it away. stuart: wear the hat again tomorrow, maria. maria: tomorrow? okay. i will do it. stuart: good morning, everyone. less than 48 hours into his presidency, donald trump has opened the floodgates. it was capped off last night when the president announced a $500 billion investment into a.i. he introduced three big tech leaders who will build stargate, a new company that trump says will keep america in the lead in a.i. before that over 200 executive orders that revolutionized immigration, the border and energy. he is reversing biden's policies. the democrats and their lawyers will try to slow him down, but he's got momentum. tuesday afternoon he visited house and senate republicans. he it would them what he wants them to do. above all, unify to get it all done. finish here's more on the trump effect. the market. stocks going up again. dow up about 160, 34 up on the s&p, the nasdaq, 2232 points right now d222 points. oracle, a massive gain after ceo larry ellison appeared with trump at the stargate announcement. little change in inter

i am ashley webster in for stuart varney. it is 10:00 eastern, straight to your money. there is green across the screen, the dow is up 0.2%, the s&p up half of 1%, nasdaq up 1%, the major markets finished session, the 10 year treasury yield was 4.6%. it is up 1.2 basis points, 4. 57% on the tenure. we've seen oil move slightly higher, inventory is lower, demanding china going up, the price of crude going up, now it is $73.60 a barrel, bitcoin up ever so slightly, 96,936, almost 97,000. we just got the latest read on manufacturing. the number please? lauren: 49.3 for december, stronger than expected, you're in contraction mode for 9 straight months. if you look at the prices paid component, that did rise to a level of 52.5, markets, no reaction. ashley: much the same, thank you very much. now this. new details emerging out of new orleans, the fbi confirming the terror attack was 100% inspired by isis. federal law enforcement searched shamsud-din jabbar's home in houston and bomb making materials were found inside. the fbi released new surveillance pictures showing shamsu

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i'm david asman in for stuart varney. lips get to your money. 2 of 3 of the indexes are trading in plus category, the s&p and the nasdaq, markets seem to be on the gain rather than the losing side, 7 basis points to 4.65. are we going to look at the 2-year which is down a bit. it is down a little bit. crude oil is down $0.29 to $74. bitcoin was way up earlier and is still up $2,000 to one hundred 5936, almost one hundred $6,000. we just got the latest read on existing home sales. madison: it rose on a seasonally adjusted annual basis so higher for the third month in a row. prices came in at 404,000. david: third year is up 7%. consumer sentiment. lauren: down 4%, first decrease in six months. the issue is tariff fears which are inflationary, one year inflation expectations. david: that is a lagging indicator. this is a time everybody thought this was one of the first things donald trump would be doing, may be better now. alexandria ocasio cortez ranting about donald trump's second term in office. >> he is much more normal

second hour of varney getting warmed up. mary catherine hamm joins me now. do you think they will go along with this routing out of the deep state? >> i think a couple things have changed since 2017's version of trump one. oh, the environment has changed. biden's presidency was not what he advertised, it was not normalcy, it was quite the opposite so you have a backlash serving donald trump. a lot of people are like can you fix this border issue for us and people are happy to see him do it so i think he has a lot of support from many of his main initiatives and the numbers are in the 80s when it comes to border enforcement and deportation. the gop is different. they lived through many years of trump being the central figure and the making of the government do things it turns out the american people wanted to do instead of things they don't want it to do and most importantly trump and his team are different, you saw it when he went to western north carolina and la to respond to disasters that had not been well responded to by local authorities and fema under

second hour of varney just getting started.a booth this morning, sort it out and give your opinion on what is the most important action donald trump took on day one. what stands out to you? >> securing the border. because we are not a nation without borders, we've not been a proper nation for four years so the executive actions to make us a country again to protect our borders, to protect americans is the most important and if you think about the last four years under president biden we've seen in our country to terrorists, gang members, criminals, it is time to once again take control of borders and protect americans and put americans first. i think that is probably the most important. another aspect i am excited about is restoring common sense with the fact our only two genders and it is shocking we went down that road to insanity but we are returning to being a sane country. stuart: it is surprising we went down that road in the first place. >> a lot of people did in the country. stuart: the country did overall. listen to th

we celebrate "varney" & company's 15 years on the air. oh, where does the time go?some of our memorable celebrity guests. we're no

"varney & company" is about to begin. ♪ ♪ ♪. stuart: it is a big day.dent-elect trump will be sworn in as the 47th president just a few hours. he held the victory rally last in washington. you gotta watch this. >> we won at noon the curtain closes at four long years of american decline. and we began a brand-new day of american strength and prosperity, dignity and pride. when i raise my hand on the bible to be sworn in tomorrow, well good to be sworn in together that's the way i look at it. ♪. stuart: we better tell you what else is going on we have a preview of trump's inaugural address. i've a few excerpts for you, i returned to the presidency confident and optimistic that were at the start of a thrilling new era of national success. a tide of changes sweeping the country. today i will sign a series of historic executive orders with these actions we will begin the complete restoration of america and the revolution of common sense and my message to americans today is time for us to once again act with courage, vigor and the vitality of history's greates

we are out of time on "varney and company". edward lawrence, it is all yours in a busy hour

i'm ashley webster taking you through the last hour of the show for stuart varney. market asks green across the screen very impress and i have dow up slightly and s&p up 38 and s&p can finish up just a little more than 41 points today, it'll be a record close for 225 and year 225. nasdaq up more than 1%. take a look at those big tech names and see how they're moving today and, yep, not surprised, they are all in the green, nvidia, microsoft, amazon.com, alphabet, apple, nvidia is the biggest winner among that group up more than 3.5%. take a look at 10 year treasury yield, which kind of works inversely with the big tech names and when it moves higher, they generally move lower. not today, the yield is up right around 4.6% on the 10 year. up 3 three basis points and that's the market for you. we're in the green across the board. now this, the trump administration has ordered all dei offices to close by 5:00 p.m. eastern today, wow. jacqui heinrich at the white house this morning. jackie, how is this going to play out? do we know? reporter: ashley, by 5:00 today, all f

third hour of varney starts right now. ♪ stuart: joe concha with we minnesota ormond morning. the fires lead to real change in california, permanent change? >> unless there's a change in leadership, i think brian brenberg was brilliant in your last hour saying look, you can have gavin newsom and arnett bass resign -- karen bass resign, but will another newsom and bass come? in adam schiff and nancy pelosi and eric swayl well be leaders in california? till you change the quarterback, the game snout going to do too well and another quarterback that's like the first qb, that's a problem too. if leadership changes, then yes, but californians now for quite some time have been elected democrats over and over again despite horrible records so will this be the tipping point? i think it will be, stu. this isn't a story that next week we're not talking about it. we could be talking about this for years. a generational story because to your point, if it takes a year just to get jillian michael's pool fixed, how long does it take to rebuild all the homes and get through all the insurance

second hour of "varney" just getting started ♪ ♪.t: let's get some context jeff sica with us is this the end of america's a.i. dominance in leadership. >> this is a problem. if you listen to what eric schmitt the founder of google said he said china has caught up with the u.s. and a.i. if you look at the nasdaq since 2022 and technology stocks in general a.i. in the a.i. height has added $14 trillion to the sector the fact that bore under before today nobody heard of this company now all the sudden everybody is talking about what were going to have is the capital spending which is driven a lot of the market which is coming into question you have to look at all the magnificent seven a lot of them reporting this week yet to dive into those and see what the capital spending looks like keep in mind we have not seen the spending quantified in the earnings revenues of these companies. stuart: microsoft reports wednesday on the call if they turn around and say all the money we were going to spend maybe we will think again that would be deva

second hour of varney just getting started. ben domenech with me this morning about politics just has to change. my question to you is are these fires the tipping point? >> they certainly should be but there's a number of things that have to be done in order for that to be the factor. the background of this is incredibly offensive. i want to make sure people understand, not politicizing these fires to point out the policy mistakes that led directly to the destruction that has affected so many people. the fact is if you look back through the years gavin newsom has cut the state wildfire prevention budget to the tune of more than one hundred $50 million, the underbrush that needed to be cleared to prevent this type of situation that was not done to the degree he claimed it was, he claimed there was 90,000 acres, npr report a few years ago found it was less than 12,000. those were policy decisions that had ramifications which whether he had an r or d after his name that would be a failure and all the failures regarding karen bass

see you tomorrow morning, "varney & company" picks it up. >> good morning, everyone. the fires are not completely contained, the wind is picking up, gust of 40 - 50 miles an hour expected. los angeles is not out of the woods, 12000 structures destroyed 37000 acres burned, 24 dead, many people missing, political developments, trump says the authorities are incompetent. he takes the oval office next monday. california needs federal help, trump is likely to demand change before taxpayer money is handed out to california. it is started already, sunday gavin newsom ended onerous environmental regulations for rebuilding. when questioned he refused to say the buck stops with him. another big story this monday morning, the market selloff for the nasdaq. the dow is looking for a job at 50 points, nasdaq 40 but look at the nasdaq down over 20 points, here's the problem interest rates rising the tenure yelled moving up to 4.77% as for the two-year treasury that yield coming in at 440 that is crossing an important milestone. bitcoin heading south, the quote is $90900. politics at

that is it for "varney & company"

second hour of "varney" just getting started. ♪ stuart: before we go any further, i do want to creditlicia finley for digging into this story about the plant. [laughter] yeah, the plant. she's going to be on the show in the is 1 -- 11:00 hour this morning. let's bring in steve forbe ifs. i'm i saying things have got to change. will environmental extremism change? >> yes, because there's a new crowd of leaders in california now and in the future, and people are waking up. these things have consequences. you called it a religion, it's more like a destructive court. we read from time to time california has drought, so they a say cut down on your with water use. 10% of the average rainfall goes to commercial uses, 50% gets flushed out into the pacific ocean for nonsense like the smelt. that is massive self-destruction. we've seen the consequences of it, and consequences do have consequences. there's going to be a change in california. finally, after years of idiocy. stuart: it's going to change, good. all right, steve. senator elizabeth warren wrote an op-ed in the "wall street journal."

it is a new day, stuart varney. stuart: yes, it is. good morning to you, cheryl. good morning, everyone. talk about off and running. he's been president for less than 24 hours, and he's introduced what amounts to a revolution. the border, energy policy, climate rules, tiktok, 25% tariffs on canada and mexico starting february the 1st, we're out of the paris climate accords, we're getting out of the world health organization. federal workers will have to go back to the office. that is a lot. and wait for it, there's this too: white house press secretary the karoline leavitt says trump will make a major announcement this afternoon on infrastructure. the democrats guide divided and leaderless, don't know what to a make of all of this this, trump supporters are very happy. they danced at five inaugural balls. the president was cheered, first lady melania trump dazzled the crowd. look at that. let's get to the markets. this looks like a renewal of the trump bump. the dow up maybe 180-odd points, nasdaq up about 130. interest rates, not that much change. the yield on th

"varney" & company is about to begin. we're going to start the morning with the latest from los angeles. max gordon joins us now in pacific palisades. max, tell me about this new fire and the wind pick-up, please. reporter: there, stu, well here is the latest on the auto fire burning near oxnard, california in ventura county. that fire is still 0% contained as of the last update but they were able to stop forward progress at 56 acres. it currently isn't threat earning buildings and it's burning through a dry riverbed. but firefighters are going to jump on any fire that lights today. that's because we're dealing with a particularly dangerous situation, 45 to 70-mile per hour winds. we've already had one wind gust of 72 miles per hour, but the good news is that there are a lot of firefighting resources on the ground here in southern border. 15,000 firefighting personnel from across the western states, even from canada and mexico, right here, ready to battle the blazes. now, where i'm standing right now this is the aftermath

"varney & company" takes it up. stu, take it away. stuart: good morning, everyone. it is inflation day, and the news is this: the consumer price direct connects went up 0.4% in december, up 2.9% in the last year, that's as expected. now, the pundits, they're trying to figure out what this means for stock prices and interest rates. they really do like what they see. look at this. with a half hour to go til trading begins, we've got a massive rally on our hands. tons of green. the dow up close to 700 to points, the nasdaq up about 370. the 10-year treasury yield, that's moving lower. that's a big deal on wall street. we have the yield on the 10-year at 4 4.68%. it was 4.80 just yesterday. the 2-year, same story. the yield is down, 4.28%. now look at bitcoin. last time i checked it was at $98,000, now it is $99,100. on wall street this is a rally all across the board. to the wildfires. more red flag warnings today. the wind is the problem. gusts in the 40 mile-per-hour range. the danger is the fire jumps quickly from place to place. now, there's a fight over federal ai

"varney & company" picks it up. institute stuart good morning, everyone. just a half hour ago the jobs report, and oh, what a shocker, much, much stronger than expected. 256,000 jobs added to the economy in december. the unemployment rate coming in at 4.1%. market did not if want to see a strong the job performance. it probably means no rate cuts in the immediate future. so let's see how investors are reacting. the dow off over 300 points at the opening bell, and the nasdaq down about, what is it now, 255 points, well over 1% down on the nasdaq. here's the big problem. interest rates. they're going straight up. the yield on the 10-year coming in at 4.77%. say good-bye to mortgage rates coming down. they're going to go up. the 2-year yield withs well over 4.3, you're at 4.36 right now. big problem for investors. bitcoin, it was around $94,000 before the jobs number, now we're looking at $93,400. right. to the los angeles fires. five still burning. the biggest, if palisades fire, has destroyed 5,000 buildings. it is 10,000 buildings destroyed citywide. 35,00

"varney & company" is about to begin. ♪ ♪ if. stuart: let's get right at it.tating fires in los angeles. they're not contained, they are spreading. it is a catastrophe in the making. good morning, lauren. the latest, please. lauren: this is just heartbreaking. three out of control wildfires are burning in los angeles, and they are 0% contained. tens of thousands of people have been told to flee their homes as up to 100 mile-per-hour winds are fanning what appears to be uncontrollable flames hindering the firefighters. some battling the palisades fire which is burning through five football fields a minute. just imagine that. these firefighters are saying the ooh hydrants are dry -- the hydrants are dry. the winds are expected to get worse into tomorrow morning between 10 p.m. and 5 a.m. folks in pasadena say they've never seen anything like this. [inaudible conversations] [background sounds] >> gone. there's nothing left. nothing left. lauren: heartbreaking stories from residents driving out of town, forced to abandon their cars when flames jumped the highway a

good morning, everyone, happy friday i'm david asman in for stuart varney. what a week its been and it ain't over yet. president donald trump is gearing up for his first trip in his second term heading to north carolina and california where communities are still dealing with the aftermath of recent natural disasters. governor newsom, california governor newsom, says he will be on the tarmac when president trump arrives. we'll see. well, meanwhile, trump's nominee for defense secretary pete hegseth could be confirmed as soon as today. he has passed a key senate hurdle moving him closer to the final vote. in legal news, a federal judge in seattle has temporarily blocked president trump's executive order that aimed to end birth right citizenship. 22 states and immigrant rights groups sued the trump administration over the ban, the 14-day restraining order applies to the entire united states. also, on the immigration front, i.c.e. stepping up operations making over 530 arrests yesterday, including of course the high profile suspects like child sex offenders, mem

that's it for "varney" & company. cheryl it's yours.e've got a gaggle of trump nominees in the hot seat making their cases for senate confirmation. front and center is the confirmation of scott bessent. he's trump's pick for treasury secretary. plus, an 11th hour hold-up in the israel-hamas cease-f

"varney & company" picks it up 30 minutes before the opening bell. stuart, take it away. stuart: good morning, everyone. it's a rebound for nvidia. monday was a tech stock rout seeming to upend america's a.i. dominance. is china's challenge that a serious? is deepseek's reported performance that that strong? and how come the news came out just as president trump takes on china over air riffs and if trade? if -- tariffs and trade? we have nvidia up merely 3, but it was way down yesterday. as for the dow industrials overall, premarket we've got a rally going on there. i'm sorry, we don't. the dow is down about 64 points. show me the s&p 500 if you can, please. that is going on the up just a practice. the nasdaq composite also up just a fraction after huge losses yesterday. 600 points down for the nasdaq yesterday. big tech the, well, that's staging a modest comeback. nvidia monday lost more than -- lost more in one day than the entire value of netflix. modest rebound across the board as of this morning. bitcoin, that's back to $102, 103,000 a coin, 102, 4 at the moment. int

i'm brian brenberg in for stuart varney. nasdaq down just about 50 points. moment now, president trump will deliver his first speech back on the world stage, heme speak virtually to the world economic forum in davos ask we'll bring it to you live. in the meantime, bring in deroy murdock. good to see you. it's his return to the world stage, in a way i guess you could say. how do you think the folks in davos receive it? >> better than in the first term. he's come back in with tremendous momentum. obviously this huge win in november. since then you've seen industry and world leaders and celebrities and all the people going to mar-a-lago and white house going to meet with them and he just unveiled this $500 billion private investment in ai. i heard this morning, $600 billion saudi investment in the country and softbank investment announced from the japanese country last month and people are lining up to bring cash into the country and watch it grow with more favorable marketing conditions. brian: tough to top like $600 billion. that's real money. >> it is. brian

cheryl: mike lee thank you for joining us, that is going to do it for me, a big day ahead in stuart varneyu to the next part of it. stuart: good morning, everyone. at this moment he is still the president-elect. donald trump is attending the service at st. john'

stuart varney will join us with his thoughts on that. les than two weeks from inauguration day. arkansas governor sarah huckabee sanders will give us insight into what trump's second term could look like and we'll hear from miss america this morning. we have a very busy three hours, kicks off nine minutes and 52 seconds from right now. todd and carley back in a couple. you are watching the world's number one early morning show, "fox and friends first." louis! cut! more mud! action! louis, louis! cut mud on her face! louis! okay everybody, that's lunch! (♪) (♪) mud mask? no, no, no! compare hotels in the hotels.com app >> carley: take a look at disturbing video a man body slamming a woman in a case of road rage. the single mom was driving when the man stopped short causing him to crash into him. that's when the man yanked her from her car before slamming her to the ground. she suffered a serious head injury, broke her knee and foot and injured her eye socket. oh my gosh. the suspect is now facing assaulted and battery charges. is he being held on $25,000 bond. all right. there is

and it's not the same answer as on "varney." >> i didn't. 200? >> no, it's much more, 550.t's worth 5.50, but here's the kicker. the make this many pennies is more than $20 the because it costs for one penny three of and a half cents -- taylor: so with inflation, why can't we just get rid of the penny and go to the nickel? >> >> reporter: that's the argument. the concern had been that if we push to the nickel, rounding all of our transactions made in cash to the nearest 5-cent increment, are you taking that money away from folks? i would say that argument a back in 2012, the last time we really revisited getting rid of the penny, maybe that made a lot of cents. it was too expensive. now with inflation, to your point, taylor, maybe it's time the really think about that. a. taylor: well, lydia, what do we say? a pretty penny -- a penny for your thoughts. [laughter] 550 pen gnus for lydia's -- pennies for lydia's thoughts. >> you got it. a. taylor: we heard president trump talking about interest rates in the oval office after he signed an executive order on crypto. the first f

it is a new day, stuart varney. stuart: yes, it is. good morning to you, cheryl.ryone. talk about off and running. he's been president for less than 24 hours, and he'

thank you so much, markets are down 755 on the nasdaq right now, 30 minutes before the opening bell, "varneying, everyone this will be a big day in money and politics, things move fast, look at this a wall street selloff this monday morning, the dow off 300 points, s&p 120 but look at the nasdaq, tech heavy nasa down 750

see you tomorrow morning, "varney & company" picks it up. >> good morning, everyone.pletely contained, the wind is picking up, gust of 40 - 50 miles an hour expected. los angeles is not out of the woods, 12000 structures destroyed 37000 acres burned, 24 dead, many people missing, political developments, trump says the authorities are incompetent. he takes the oval office next monday. california needs federal