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tv   Varney Company  FOX Business  February 4, 2022 9:00am-12:00pm EST

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debate and the debacle for stock investors. the dow industrials down 169 points this morning. i want to give a big thank you to this incredible panel, james freeman, thank you so much. liz peek, thank you so much. lisa erickson, stephanie pomboy as well as steve moore, john lonski, jon hilsenrath, joni bilely and austan goolsbeement it is great to see everybody. right to stu we go and "varney & company." stuart: how did you get so many people on your show in such a short period of time? if maria, that's genius and good morning to you. [laughter] good morning, everyone. 467,000 jobs created in january. that is a huge surprise. we were all expecting signs of economic weakness, maybe a negative jobs report. as you can see, it did not happen. the jobless rate did move up from 3.9 to 4%. of that's where you see the impact of omicron.
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if you were at home with the virus and you didn't get a paycheck, you were considered unemployed, so the rate went up. here's the analysis. we're coming out of the omicron surge. if we want to keep the economy rolling really good, we should be opening up the economy, dropping mandates. that is my opinion. now this. look at this. the impact on the market. the 10-year treasury yield hit 1.91%. because of this strong employment situationment the stronger the employment situation, the more likely rates are going to go up, and look what that did to the stock market. you're looking at a 170-point drop for the dow industrials, the s&p may be down 22, and the nasdaq -- always sensitive to higher interest rates -- down 83 pointses. time to take a look at amazon. straight up this morning. this is premarket. straight up following its stellar earnings report. if that premarket stock price holds, that would be the biggest one-day gain in value for any company ever. and is, by the way, it follows
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the biggest one-day loss for one company in terms of value ever. meta, that's facebook, lost a quarter of a trillion dollars yesterday. that's wall street history and, by the way, it's down another 2% today. the president came to new york city thursday. he said defunding the police is not the answer to the crime wave. he said we should get guns off the street. well, that didn't go down well with "the new york post." their front page reads: sleepy joe, blah, blah, blah. big trouble for boris johnson in britain. four top aides resigned abruptly last night. partygate takes a big toll. johnson is in very deep political trouble. not sure how long he lasts as prime minister. similar story over here with vice president harris. another top staffer will be leaving her team, this time it's her speech writer. that followed the exit of her spokesperson, her communications director, her travel and planning people and the director of digital strategies. and, by the way, she ran into more trouble in a telemundo
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interview, blaming congress for the immigration mess. stand by for a great show show. dave portnoy's coming. he just bought into bitcoin. i want to know why. and then jay paul, the man who seems to have reinvented boxing. "forbes" says he made $40 million last year, now he's pronoting a madison square garden match between the two leading female fighters. it's friday, february the 4th, 2022. "varney & company" is about to begin. ♪ ♪ stuart: >> i'm this holster, california, and i'm watching "varney & company" if, fox business, number one in america. ♪ ♪ it's always a good time ♪♪
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stuart: did he say i love trees? lauren: that's what i heard. stuart: i guess he knows i'm a tree farmer. we've got the jobs story. this relates to january. man, that was a surprise. details, lauren. lauren: revised higher from 199,000 to 510,000. so the situation overall looks a little bit better on the surface. the jobless rate in january, that moved up to 4%. a lot of noise around this number because of omicron. watch the wage component, that's a big one, $31.63 an hour, is what workers are making for annual gains of 5.7. let's look at the composition of the report. in january you typically have your holiday staff laid off, right? you temporarily fill the positions ahead of christmas. of that didn't happen. you've got packages, transportation and warehousing, up 54,000. and, you know, i think the market interpretation is key here because the dow is now down
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over 200 points. the yield is up at 1.9%. renaissance macro says this, you cannot rule out a 50 basis point move at the march fomc meeting, so i think this is all about rates. stuart: absolutely. look what's happening on the market right now. as soon as the number, the jobless report came out, stock futures went down, and they stayed down. kenny poll carry joins us this friday morning. kenny, it was a strong report and a strong revision. the problem is that means that the fed is probably going to raise rates sharply soon. that's the problem for the market, right? >> well, it is a problem for the market. but, listen, the fed -- no matter what this report was, the fed was going to raise rates, otherwise they'd lose all credibility. what lauren brings up and what people have been talking about is do we go up 25 basis points or 50 basis points. considering the december number was revised up by nearly 400,000 and today's number was, you know, much better than the
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expectation -- because, remember, the white house came out in the early part of the week telling us, you know, don't be upset if it's a crazy number. they were trying to prepare you for much weaker numbers. now the conversation about a 50 basis point rate hike becomes evident again and very clear and and has to be something that the market has to talk about and consider happening many-under-par -- in march. stuart: so that is the problem, the possibility of a 50 -- that's a half-point raise suddenly in whatever rate they're raising. and that is why the market is taking it on the chin early this morning. what about big tech? because they're always sensitive to rising interest rates. >> right. so big tech will come under pressure. you saw how the nasdaq and the futures were up pre-opening and now they've turned south right after that. kind of weaker going into that number, but they're weaker again. especiallywe get a 50 basis point -- if we get a 50 basis
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point hike, you and i have been talking about it. i was in that camp that i think inflation is out of control, and the only way for the fed to take back the narrative is to do something dramatic, and dramatic would be 50 basis points. while it may be painful and uncomfortable, the fact is you might as well do it, get it over with and shock the system a little bit. stuart: amazon, left-hand side of the screen is, up 10%. that's a gain of very roughly $200 billion in market capitalization for that company. real fast, you ever seen anything like that before? >> no, but it lost 8% yesterday, right? look, no,st the technology that allows that to happen. but, no, it is truly amazing to see the way they whip these stocks around with 25% in facebook, 8% in amazon, today we're up 7 in am, it's nuts. stuart: kenny, thanks very much, indeed, on a friday morning. let's take a look at meta platforms. they had the biggest single-day loss in corporate value in
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history. they lost a quarter trillion dollars yesterday, they're down again this morning. lauren lauren yes. $237 billion wiped out many one day. shares were down 26% yesterday, and they're down another 2% right now. what does that mean for mark if zuckerberg? well, he lost $30 billion in wealth overnight. i don't think he cares about this, but there is a silver lining, want to know what it is? the ftc to facebook says you're a monopoly, essentially. are they really now? look at or all the competition from tiktok, that is hurting their growth and stock price. lots of mentions on that call yesterday of competition, of choice. so maybe to get the pressure off of them facebook has to come down a little bit. is that a silver lining? i'm trying. [laughter] stuart: it's inside baseball. now let's get to politics. president biden met with the new york mayor, adams, in new york city yesterday addressing the crime surge. listen to what he said about defunding the police. roll it. >> enough is enough because we
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know we can do things about this. you know, mayor adams, you and i agree, the answer is not to abandon our streets. that's not the answer. the answer is to come together, police and communities building trust and making us all safer. the answer is not to defund the police, it's to give you the tools, the training, the funding to be partners, to be protectors and community -- stuart: well, you heard it. let's bring in rachel campos duffy. now, look, back in 2020 biden said absolutely to a question about redistricting funds out of the police department. -- redirecting funds. this is a real turn around. what do you make of it? >> not believable. i agree with the new york post, blah, blah, blah, blah. he just sounds like he's droning on. how about calling out aoc and the squad, these people who popularized the idea of defunding the police and dragged their party over to that side,
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that far-left side on crime and law and order? how about calling out george soros who's used his enormous wealth to fund and install these soft on crime prosecutors who don't care about, you know, the victims of crime, they care about social justice and equity and making criminals, you know, feel good. this is not going to solve any to bees -- problems. you see the image of the cop, none of those cops believe that joe biden is going to do anything or cares about crime. and, i'm sorry, eric adams has been a real disappointment. i know he's a former cop, but i don't think he's a cop's cop. i've talked to cops in new york city, and many of them are not very reassured by him, so i don't think this is going to do anything to pull their numbers up. by the way, since bragg has been the d.a., shootings in new york city up 32%, rapes 27%. car thefts up 93%. stuart: yeah. >> the city is unlivable. no one wants to go there.
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everyone's afraid to get on the subway. everyone's moving away. no one -- people are canceling their trips to the city. i used to bring my kids with me to work and stay in the city, and sometimes even let them go by themselves to go get pizza, you know, my teenagers, from the hotel. i would never do that now. this city is absolutely unlivable for families and kids. stuart: well, you put your finger -- you hit the nail on the held right there, because i'm hearing that from a a lot of people about new york city. rachel, i'm sorry i'm so short on time -- >> not a problem. stuart: come back and see us again soon. you don't have to come to new york, okay? [laughter] >> you got it. stuart: see you soon. president biden is heading to maryland later on today. he's going to visit the iron workers' union there. he will sign an executive order on labor agreements for federal construction projects. read between the lines, you've got to be unionized if you want to work on a federal project. that's the way it is.
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friday morning, 19 minutes to go before we trade, dow's going to be down 150. to limb picks, they're getting underway in beijing. speaker pelosi is warning our athletes, don't you dare speak out against china's communist government. roll tape. >> you're there to compete. do not risk incurring the anger of the chinese government -- [laughter] stuart: well, the speaker of the house running interference for the communist party a. how about that? who's to blame for our nation's broken immigration system? kamala harris says it's congress. we'll discuss that with senator marsha blackburn next. ♪ put blame on me, that you could put the blame on me. ♪ that you could put the blame on me, you could put the blame on me ♪♪ liberty mutual. they customize my car insurance, so i only pay for what i need.
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stuart: okay. now listen to vice president harris blaming congress for lack of immigration reform. roll tape. >> president biden promised an immigration reform, and he hasn't been able to deliver, so why would you say that latinos should vote for the democrats this november? >> the problem is congress is not acting. the problem is that we have members of congress, in particular -- >> but, but, but congress and the senate are democrats. the majority are democrats, right? >> no, no, no, no. no, it's not like it's purely democrats. in the senate it's 50-50. of we must pass immigration reform. we must create a pathway to citizenship. stuart: senator marsha blackburn joins us, republican from the great state of tennessee. senator, why is the border czar blaming congress for the border
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mess? >> because the border czar made an attempt to go to the border but went to the wrong address -- [laughter] so she has never been out to work with the border patrol or to see the situation firsthand. what is happening as we now know, 2 million people from 160 different countries came across that border in 2021 is.. -- and to say it's congress' fault and to say, well, we have to have amnesty, stuart, that would be for 11 million people -- stuart: yep, yep. >> -- and to say, you know, were to have a path to citizenship for 11 million people, think about what she's saying. saying this would be good for the country? when we have unemployment issues, we have people that are not going back to work, to say this is the top priority issue for the biden administration, it
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just shows you how his placed their -- misplaced their priorities are. stuart: i think the vice president's political position is shaky. her speech writer just left, and that's the eighth senior official in her team to leave. >> right. stawfort stuart what do you make of that? she's not going to be forced out. of she's not going to be fired. is she now a liability to the administration? >> the american people look at her performance and the opportunity she was given to break a barrier and to be the first female vice president of the united states. and the expectation was that she would rise to the occasion, and she would full pill that responsibility and that -- fulfill that responsibility and that she would focus on opening doors of opportunity for all women. but instead what she has done is to not speak very often, and when she does, she misspeaks when she's given a task, she doesn't address the task.
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people say what is she doing with her time that could be constructive. you know, if she wanted to deal with the border, she can really chart a path by dealing with the human trafficking and sex trafficking. we know the cartels right now are making more money trafficking human beings and putting women into sex rings than they are from smuggling drugs. but the drugs -- i was talking with the sheriff in tennessee last week, stuart, and he said, you know, when we got meth and marijuana and fentanyl, we used to talk about it in grams and ounces. he said now every drug bust is in pounds. stuart: good lord. >> it just shows you the amount of drugs that are wreaking havo- stuart: the border crisis, which the vice president is just not doing anything about. senator marsha a black burn, thank you very much for joining us this morning, ma'am. we do appreciate, thank you. >> sure. stuart: check futures again, please. on the downside.
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the nasdaq has turned around. it was down, now it's up. but you know what, lauren? it has been a wild week for the market, hasn't it? if. lauren: whiplash sort of week, right? it might be too much for some investors. you can see people just sit on the sidelines now. you know, you had the good news, amazon, google, versus the bad news, facebook, and they were huge in both directions. the crazy thing is that stocks are up this week by 1%. investors might still be there, they're just pick their favorites. next week, big week -- stuart: oh, the inflation number. lauren: inflation is still expected to have that seven handle. so you have the economy and the consumer with it going from inflation shock to potential rate hike shock. and to a growth stock. if that happens, we're going to see more of what we're seeing a little bit today of the selling. stuart: now let me show you some energy price inflation. put up the price of oilen the screen -- on the screen, please. close to 92 a barrel. that's the price as we speak. look at the price of gasoline,
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also going up. okay, it's going up slowly, but it's going up. 3.42 is your price right now. that's national average for regular are. back to amazon, check 'em again, please. inside this profit report, nearly 13 percent, good lord -- lauren: just made $20 billion. [laughter] stuart: the prime charge is going up, isn't it? lauren: yeah, for the first time since 2018. it's going up 17%, more than inflation, which is running at 7%. so 200 million plus prime members will be paying $139 a year. do you think they bawling or say, you know what? -- balk? stuart: i absolutely think they stay, although i don't have an amazon account myself. lauren: you use someone else. stuart: yeah, i do. [laughter] everybody has an amazon county. it's vital. lauren: it's how we shop. stuart: down, down, down but not
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that much at moment. we'll take you to the opening bell next. ♪ who's on it with jardiance? we're 25 million prescriptions strong.
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stuart: one more check of amazon, this is premarket, up $324 at $3100 per share. we need mark ma maybeny on the -- mahaney on the show because he says amazon goes to 4300 by the end of this year. your prediction if, mark, is looking pretty good right now. back it up. [laughter] >> well, yes, i am sticking with that $400 price -- 4300 price target. we've had massive market panic, unusual level of volatility in these names, and amazon delivered what high quality big tech should deliver, just like microsoft, just like apple, just like google. they put up revenue if results that showed very little change in the growth rate. it's very consistent, it's very robust. their cloud business accelerated for the fourth quarter in a row, you've already mentioned the prime price increase. i think that'll sail through, we're talking about $1.70 more a month for all the benefits you get from prime, so i think it's
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a no-brainer for most consumers. amazon remains one of the highest quality assets. i know the stock's up 13%ed today, gaining about 150 billion in market cap. i think there's a lot of upside ahead. i think you're going to come out of this investment cycle, buy amazon. stuart: admit it, mark, when those numbers came out late yesterday with, you breathed a sigh of relief, didn't you? >> oh, yes, i did. [laughter] you're absolutely right, stu. yes, i did. the market was so moved by facebook, and just remember this is -- you have to look at these companies separately. what facebook, facebook's going through some very company-specific issues that google is not, amazon is not and, by the way, i think facebook gets through this. but i think the high quality tech names you can stick with. stuart: would you buy meta, facebook, at $234 per share as of right now in. >> if you've got a yearlong investment horizon, yes. if you're thinking about the next 3-6 months, no. does that answer the question?
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stuart: yes, it does. i'm never quite sure about my time horizon bearing in mind my age. how about snap? that thing surged after their report. 43% up this morning. what do you make of that? >> well, this stock was probably way overbeaten in response to the facebook results. you know, what we really have learned is that facebook was the company most directly impacted by the apple privacy changes. snap was somewhat impacted but not nearly as money as -- as much as facebook. and snap, i'll give them a huge amount of credit, they're just very good at product development both on the user side and the advertiser side, and i think the market's waking up and realizing that they are not facebook. i guess what we're really saying is you want to buy everything near temple? no. buy -- near term. buy the high quality assets except facebook near term. stuart: mark mahaney, you're looking good. >> have a nice weekend. stuart: thanks for being with us. thanks a lot. now quickly to the futures
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market, this is where we're likely to open in 20 seconds' time. dow down, s&p down. fractional gain for the nasdaq. okay, it is 9:29:46. i'll count you down, why not? if in 5, 4, 3, 2, 1, bingo. we are now trading. there's see how we open up this friday morning. we didn't open up, we opened down for the dow industrials. 76, 87 points, just above the $35,000 level. and if you look on the left-hand side of the screen, for you radio listeners, it's not exactly a sea of red, but the sellers predominate bigtime. the s&p 500 also on the down -- oh, got that wrong. it's actually ever so slightly higher, up just 2 points. now, the nasdaq, that's what we want to see. it's up better than a half percentage point, .6%. it is up probably amazon is
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helping them a lot. here's big tech out of the open. microsoft still above $300 a share, google at $2,800 this morning and meta down some more, 236 on meta. have a close look at amazon. let's bring in susan for a closer look at this extraordinary performance here. what's -- it must have been an absolutely stellar report, susan. susan: yeah. i mean, have you seen this type of volatility, stu, with companies worth $2, 3 trillion moving 25%, is 11% in amazon's case today in the opening minutes. so, look, a day after the biggest value wipeout in stock market history, we had met a that losing $230 billion or so in market cap, you're now looking at $150 billion in value creation thanks to this 10% rally that we're seeing, and that's slightly less than the $200 billion that apple added in one single day last week with after their earnings. but you had amazon, i mean,
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blowing away estimates. i think i had to do a double check when i saw those numbers crossing the tape, making 10 times more profits than anticipated in the final three months of last year. record sales over that three month period. cloud was growing at 40%, and finally broke out advertising revenue. advertising sales, $31 billion last year. you know, amazon makes more advertising revenue than all newspapers combined in this country. and, by the way, the rivian stake added $11 billion to the bottom line. so i counted this morning, ten target price hikes on amazon. wall street, you just talked to mark mahaney, they were still bullish,s breathing a sigh of relief as well. if. stuart: okay. now let's have a look at snap. mark mahaney just talked about out a couple of minutes ago. what's your take on this stock, up 50%? [laughter] susan susan it's incredible. this is what i mean. this is incredible.
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i've never seen a stock like this move 60 percent at its peak in the after hours, and that's after dropping more than 15% in regular session is. so it's pretty volatile out there, right, stu? stuart: yeah susan susan and this is the first profitable company, better sales, they added daily active users which is in line with forecasts as well, and they're expecting user numbers to go up in the first quarter of this this year maybe by 9-10 million. completely the opposite of what we saw from facebook and meta which said that user numbers actually went down for the first time in facebook's 17-year history. and snap said that they are recovering faster from those apple ios privacy changes. wall street still all over the place when it comes to their call and their outlook on snap. i counted suggestion target price hikes, six cuts, one full down grade from rbc who's calling for $40 or so. still a hold, in their view, but it makes you wonder, stu, if snap and other social media companies can recover quickly
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from these apple privacy changes. what is meant that going through that others aren't? stuart: i can't answer your question. i'm just wondering if the $10 billion investment in the metaverse or whatever you call it will pay off somewhere down the road. it's not paying off now. that would be a plus, i would think, anyway -- susan: also $10 billion is the same hit that meta's going to take on their sales from those apple ios privacy changes, so it's interesting that those numbers correlate. some people on wall street are wondering about it. go ahead, sorry. stuart: i call pinterest the ideas board people, as you know. that's my rough idea of what they do. there must have been lots of good news out of their report. susan susan well, i guess it was not terrible, how about that? so they made more money last year. they're guiding for first quarter sales to grow at least in the high teens, which is great, but they're still losing
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monthly act aive users, down 6% globally to 431 million visit pinterest each and every month. and really it's snap. you have interest helping lift twitter. as you mentioned, meta's still down, but pinterest losing monthly actives, that's been a trend in the back half of last year. at least they're still guiding for sales to go up, that's the good news. stuart: why is ford's stock all the way down at $18 a share -- >> bad, bad miss. stuart: is that it? susan: yeah. stuart: i thought the outlook was strong. susan susan well, when you're making 40% less than broadcast, that's not good news. the global chip shortage is hurting ford's ability to make and sell cars and couple that with supply chain problems, and they missed their own internal production targets for the year. they like amazon. ford owns 4% in rivian, they made $8 billion. and guy guidance is pretty much
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in line, so they do expect can -- expect the chip shortage to ease. everyone's making money off that rivian stake, huh? stuart: they are. i want to talk cryptos for a second. if i were an investor, i'd with worried -- i'd be worried right now, bitcoin went from 64,000 to 30,000, but the bounce only took it to 37,000. susan: correct. stuart: i'd be worried about that. i'd be worried about another run on bitcoin to go below 30,000. apparently not today. susan: very astute, stu, as you usually are so sharp in the morning. [laughter] like, here's the good news. look at the up arrows in the green today thanks to that they can stock relief rally that we're seeing. that's helping bitcoin and ether prices this morning. but you're right, because if you look at the january volumes, plummeting in crypto trading. so, you know, you had bitcoin threatening to go sub-30,000,
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right? and that's why you saw a 50% cut when it comes to volume trading in cryptocurrencies. that's a big deal especially if you're coinbase or robinson. i think coin -- robinhood. i think coinbase generates 70% for each trade. that's a big deal. however, tell me if you think this is extraordinary, bank of america says there is no equity stock capitulation just yet. in fact, $20 billion went into chase stock funds over the past week or so. stuart: so they're saying no capitulation at this point, and capitulation, that's a blow outselloff, that's what a capitulation is. did they say they're expecting it? susan: no, they're not expecting it. look, this is a market where i think good news is bad, and you saw this morning with the jobs number coming in better, also the revisions in december were extraordinary. have you are ever seen revisions by 200%?
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instead of 199,000, you had more than 500,000 jobs created in december? it makes you wonder on wall street if you're really getting the right, accurate numbers coming from the labor statistics department coming each and every month. stuart: fair question. we've got the labor secretary later on in the show. perhaps i'll ask him that question. now looking at the dow winners headed by chevron. no surprise there, oil has reached $92 a barrel. the s&p 500 winners headed by amazon, of course. they're up, what, 9, 8% at this moment. $238 higher, and that's amazon. they also head the most active list and the big winners' list on the nasdaq. also on that list, ebay and activision blizzard. that's interesting. because microsoft's bid $95 a share for activision and now they're up a fraction at 79. the dow industrials down 51 points. check the 10-year treasury yield, 1.90%. that's not a benchmark.
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the price of gold barely moving, 1802 per ounce. bitcoin, $37,000 a coin. oil, $92 earlier with, 99 2.73 -- 99 2.73 right now. watch out. nat gas still below $5, but look at gasoline. this is energy price inflation. here we go. $3.42 is the national average for regular, and in california you have to pay $4.36 on averaga gallon of regular. next, officials say the kremlin has active plans to fake an attack in ukraine in order to start an all-out war. watch this. >> russia would produce a very graphic propaganda video which would include corps and actors -- corpses and actors and images of destroyed locations at the hands of ukraine and the west. stuart: that's fairly detailed stuff and scary too. former ambassador to nato, kurt volker, he's on the ground in ukraine, and he's going to join
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us next hour. barstool sports' dave portnoy just bought a million bucks in bitcoin. and a massive winter storm now has its sights set on the northeast. we've got your weather report next. ♪ ♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further. ♪♪
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♪ i gotta get through this ♪♪ stuart: what's that song? i gotta get through this? [laughter] i've got to get through a three-hour show. i'm rather enjoying it, actually. [laughter] you're look at inannapolis which has 8 inches of snow on the ground. take care, please. now this, that winter storm has more than 350,000 homes and
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businesses without power all across the country. look who's here, fox weather's jason phraser. i want to know, where's the storm now, where's it going? >> yeah. so the storm is moving slightly towards the northeast if right now. so those of you in new york as well as new jersey, boston right now are seeing some rain showers. those of you across parts of upstate new york and even into new hampshire are seeing some snow showers. already we've seen some very icy conditions across parts of ohio and, stu, we've even seen some accidents across parts of texas and even tennessee. we have gotten a report down in texas just to the south of san antonio of a trucker getting into an accident there. it's been causing a backup in the overnight hours. i mean, that backup is miles long are. now, here's the good news with this system. within 12-24 hours, we are going to be saying good-bye to this system. but behind it, we've got a lot of cold air. we are talking about temperatures, my friend, in the single digits.
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so, hopefully, you brought your big coat. stuart: i can't stand freezing rain. that, to me, is extremely dangerous. and if we've got a cold front coming, that's going to put ice on the road. i live in new jersey. have i got a problem? >> yes, you do have a problem. stuart: i've got a problem just by living in new jersey -- [laughter] >> but we love you, stu, and that's the reason why we're sending the freezing rain your way. just to let you know that. again, the good news here, next 12 hours we are anticipating the system moving out of here. so the worst overall for most of america is out of here. stuart: that's the good news. and the sill venn line -- silver lining, indeed. >> i had to give you at least some good news. stuart: thank you very much, sir. i want to put oil on the screen again, please. $92.72, that is energy price inflation looking right at you. phil flynn is with us this morning. all right, phil, is $100 per barrel oil in the near future? >> i don't think in the near future, but it's definitely in the future, stuart. and what we're seeing here is a
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perfect example of cancel culture. you know, what i mean by that, i mean the biden administration using cancel culture policies against the u.s. energy industry, leaving the market short. and that's what we're seeing. oil demand in the united states hit an all-time record high last week. u.s. oil production is shy of where they were a few years ago by 2 million barrels a day. the economy's starting to bounce babb -- back, and we're seeing prices go through the roof. stuart: gasoline prices will continue to rise. the national average regular at $3.42 right now, oil at 92, almost 93. gas keeps going up, phil? >> it does. and i'm afraid we could see $4 a gallon national average, and what could make it even worse, stu, is that if we see a war between the ukraine and russia, we could be talking $5 a gallon. and if that happens, that's going to be a real blow to the poor and the middle class. stuart: absolutely. phil flynn, our man on oil, thank you very much.
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see you again. >> thank you, stuart. stuart: thank you, sir. coming up, this is what it feels like to live in new york city right now. roll tape. >> you don't want to get on the subway. you move your day around it. >> no one is caring. no one is taking care of these issues. stuart: more of that where that came from. we'll coffer it for you. this is the surge in crime. from social media star to professional boxer, jake paul is going to be here. he's promoting what's expected to be the biggest women's boxing match in history. i'll ask him how much money is at stake, but jake paul will be on the show today. ♪ ♪
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stuart: big number, 467,000 jobs added in the month of january. edward lawrence in washington, take us through the numbers please, edward. >> reporter: i have a little explainer here. the reason we're getting a big number is because every year the bureau of labor that atistics revises the benchmark that they go off of, and they also revise the seasonal factors that go
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into the seasonally-adjusted rate. that's the reason we saw a huge revision for november and december and a big number again today. as you mentioned, huge number, 444,000 of those in the private sector, 23,000 jobs added to the government sector. the unemployment rate did tick up to 4% here. the administration's really downplayed expectations for this report today, but we will now hear a very different message. here's usa aen cools -- usa aen goolsby. >> what i thought we were going to get was a disappointing number and then our whole discussion would be about, well, it was omicron and maybe it doesn't mean the trend is over. but we got this flat-out great number that continues a multi-month trend of strong job market performance. jr. so -- >> reporter: so where were the jobs? construction lost 5,000 jobs, retail rose 61,000, that pushed
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that sector above their february 2020 revel. transportation and warehouseing up 54,000 in january, all four components within that have now surpassed the february of 2020 the employment levels with strong growth in warehousing and storage and couriers and messaging. employment in leisure ask hospitality expanded 151,000 jobs in january. it's still down 1.8 million from february of 2020. health care added 18,000 jobs. average a hourly wages are up 5.7% but still below the cpi inflation rate, meaning you're losing money in the real terms. now, just an interesting turn-around, non-farm payroll up 467,000 jobs. you compare that with an average of every month last year, and that's 555,000 jobs going forward. so the federal reserve may look at all of this data and say, hey, we need to move a little bit faster, be more aggressive because it seems now as they revise the benchmark that
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they're basing these jobs off, the economy's moving a little bit faster than thought. back to you. stuart: that could shift the fed. it could, indeed. edward lawrence, thanks very much, indeed. we're going to talk to labor secretary marty walsh at the top of the next hour. let's get a quick check of the market, 24 minutes' worth of business behind us. the nasdaq has a very small gain, a very small loss for the dow. not that much movement so far. the financials, however, they are doing well across the board. that's because we've got rising bond yields. that usually helps the financials. it's helping hem today. still ahead, steve hilton, kurt volker, dave portnoy and, yeah, jake paul will be here. the 10:00 hour of "varney" is next. ♪ pump up the jam, pump it up while your feet are jumping ♪♪
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♪ you can't hurry love, no, you just have to wait ♪♪ stuart: good morning, everyone. it is 10:00 eastern time. it's a friday morning, february the 4th. we'll get straight to the markets, why not? we have a mixed picture for you. the dow industrials are down 75, but the nasdaq is picking up
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some steam now, it's up 92 points. and that is two-thirds of 1%. 467,000 jobs added in january. labor secretary marty walsh will join us in just a few moments. take a look at big tech, the standout stock is clearly amazon, straight up following a stellar report. amazon up, what's that, 10%, nearly $3300 per share. 300 per share. facebook lower after having suffered the biggest one-day loss of value for a company ever. that was yesterday, down some more today for meta. the 10-year treasury yield, here's the problem, it's moved up to 1.90%. it's moved above that benchmark 1.90. now this. you're watching stock market history. thursday the value of facebook, that's meta platform ifs," dropped $251 billion. knocked off one company in one
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day. we've never seen anything like that before. today, more history. the value of amazon is up, very roughly, $200 billion. that's the biggest one-day loss and then the biggest one-day gain back to back. i'll leave it to the analysts to figure out why these two companies lost so quickly and so much. i'm interested in the political reaction. i think it's going to be negative. if mark zuckerberg, who runs facebook, is already unpopular. this gigantic loss will bring out the critic. he's running the company into the ditch, that's what they'll say, time for him to go. we don't like you anyway. a loss brings out your enemies, it doesn't make you friends. nobody feels sorry for zuckerberg. jeff bezos no longer runs amazon, but he owns a big chunk of it, and today's big, big gain will make him even more fabulously wealthy. do you see this? this is how rich he is. to get his mega-yacht out of the harbor where it was built, he paid $40 million to have a
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100-year-old bridge dismantled. it was blocking his 400-foot-long are yacht. i can just see the squad all pouring out their contempt and anger on it. they will use it to press for tax hikes on the rich and the breakup of big tech. that's the politics, the financial history that we're living through. facebook, a quarter trillion down. amazon, nearly a quarter trillion up. the politicians are jumping all over it. second hour of "varney" just getting started. ♪ ♪ stuart: new yorkers tell fox digital they're scared to walk the streets. watch this. >> i cannot believe what's happened. crime is out of control to. >> i won't get on the subway. >> my customers if, they're
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being very afraid to walk in the village. >> my mom speaks to me every night. she's scared to go out. >> the state legislature passed the laws, cuomo pushed 'em through, and it's changed everything. >> no one is taking care about these issues. stuart: that's new york city. here with me now is tammy bruce who lives in new york and walks the streets of new york city. >> well, so to speak. stuart: do you feel safe? >> i do not. i moved to new york, i think now it's been about seven years, so i've experienced new york being -- it's not ever been the safest city in the world, but you could enjoy it. you could walk, you take the subway. those days are over. it's a remarkable combination of the mentally ill on the street, individuals who are criminals who normally would have been in jail but there's the revolving door because of no bail. you take the subway, it's a problem. you've got mentally ill using that as kind of a shelter, especially during the winter. we know the horrible murder of that one young woman being
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pushed in front of the train. you've got, of course, people being beaten up op telephone streets, you've -- on the streets, asian women in particular, one case a horrible dynamic of a woman being pushed down the stairs of the subway. it's a frightening thing that we see during the day and all times during the night of people, the mentally ill screaming just because they're crazy. i live near where there was a hatchet attack of a man using the atm. so you are aware of everything around you. the streets still are not busy, and it's a horrible, horrible decline of what was a great city. and, yes, the politicians, as people were saying, are doing nothing. they're continuing the policies that have made this happen. stuart: did you get -- do you think you get any help or encouragement from president biden -- [laughter] who visited the city yesterdaysome. >> no. it was even, it was worse because they did not address the issue which is policy. they talked about gun control.
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this is not a gun control issue. this is about allowing the criminals to roam free. not doing anything about people who need to be off the street because of other issues. drug abuse, these -- assaulting of women in particular. they didn't mention that at all a. it was always about, you know, guns. it's what the democrats do, it's what chicago does, and it makes them not address the issues at hand which is what makes people get more concerned. there is no issue about bragg who is the new manhattan d.a. who is, you know, contributing to this by encouraging the police not to arrest. stuart: how do you bring people back to the office buildings in new york city if it's flat out not safe? you're not going to do it very well at all. >> they're going to do it, and there's going to be a lot more trouble, a lot more crime, a a lot more injuries and more deaths, and this is something that we can change. that's what's so shocking to people, including liberal new yorkers, that you can change it. but they're not. and that's what concerns us.
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stuart: don't move. stay right here. >> i won't. stuart: thanks very much, indeed, tammy. all good stuff. let's get back to that jobs number. it was, indeed, a big number, 467,000 jobs added in january. labor secretary maty walsh joins me now -- marty the walsh. mr. secretary, that is a big number. i'm sure you're happy with it, 467,000. but we're told that it's a very big number because the benchmark has been revised. a revision of benchmark, and that's why we've got these huge reare visions. what do you make of that? >> that's participant of it, but we didn't -- part of it, but we didn't change the way we collect the data. bls, bureau of labor statistics, is the gold standard for bringing in these thattist ices, it's been used in this country for decades. certainly, this is a very transparent number. let me just quickly report on two things. number one, the number is very good, and this was some concern in the previous month because of the omicron variant. and one of the things that we're seeing here is that we're in a very different position than we
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were in march, may -- march, actually, may, june of 2021 -- 2020, excuse me, living within the pandemic. so we're seeing businesses, we're seeing employees, we're seeing people learning to live and move if on with their life, quite honestly, under the virus. the second piece of that is the revision from 2021, the whole year revision, 700,000 jobs. that number today when i heard that number first morning, that number kind of jumped out at me. but i asked the bureau why such a big revision, and what they said to me was statistically cha that's what we've seen over the last last ten years. so there's no statistically different adjustment that we haven't seen in previous years. stuart: okay. i'm sure you saw the report from johns hop kens university that lockdowns and restrictions and the closures have not moved the death rate from covid. and, in fact, they've done great damage to children and the economy. if that's the case and to you really want to get the economy rolling really strong, why don't
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we back away from all these restrictions and closures? if. >> well, you know, i don't have all the data and facts here, so i'm just going to be able to speak on what i know. i know the folks that came down over the last couple months here that got the omicron variant, that were vaccinated and boosterred were less sick and less hospital admission. but again, i think that as we move forward here people are, we want to get people back into the work force. you know, in my former role as a mayor of a city, i wanted to see the downtown bustling. i was this new york last week, i'm sure they want to see a bustling area. and we just need to continue to take a step forward and tell people how to be safe, explain to them how to main safe -- remain safe. it's a little outside of my lane, and i'd love to talk to you about it next month, but i still think we have to be very careful as we continue to move forward in 2022. i'm hopeful it eases the burden when it comes to living with the pandemic, and i'm hoping that
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we're having a very different conversation by the end of this year, but unfortunately right now i think many people are tired of living with the pandemic, but we still have to be careful. stuart: okay, got it. thank yous for being with us, labor secretary marty walsh. now, let's get back to the markets. there are some stocks that stand out. i think the energy if stocks this particular if are on the upside today, lauren. lauren: look at hem go. the sector up 3.3% this week as oil hits a seven-year high. you have the russia situation and this winter storm heightening supply concerns, potential production outages in the permian basin which is our largest shale play. stuart: i can understand that. look at oil. lauren: inflation. stuart: goldman sachs, top of the active list on the financials. lauren: yeah. financials are one of the best performing sectors, and you have american express, goldman and jpmorgan all sharply higher. why? on the back of that jobs report, you have yields up i, financials up almost 2% on the week.
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i want to show you travel stocks. they're down. we know why. yeah -- stuart: depending on omicron, that's it. lauren lawyer that's exactly what royal caribbean said. i love this southwest story. they're bringing booze back on the planes after nearly two years. passengers got rowdy, there were altercations among passengers with flight attendants, so starting february 16th you can drink in coach -- [laughter] on one of their planes, so now american is the only major carrier not serving alcohol in coach. stuart: well, they make a profit out of selling alcohol on a plane. that's what they're doing. lauren: because it leads to altercations. people are sick of masks and in bad moves all the time, so they have to play it safe. stuart: they'll take a couple of altercations so as long d -- so long as they get the profit. amazon raising the price of prime. uh-oh. tell me. stuart: by $20. you go to $139 a year. at this level, this is the best day for amazon in over four
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years. with the price of prime going up, amazon is flexing its muscles. it has pricing power, right? it's paying more for labor, more for delivery, now you're paying more. but what i thought was unbelievable in this earnings report is all these costs are not eating into their profitability. their profits nearly doubled in the holiday quarter. and we've spoken about the cloud, aws, they're on cloud nine. it was up 40% to a record 17.8 billion in the quarter. if i know we say this is rebl, but web bush came out and called the quarter jaw-dropping. stuart: i think the prime membership has become a necessity for middle america. can i put it like that? lauren: yeah. stuart: and they're not going to back away from a $20 per year increase. tammy bruce, you've still got the microphone on. you're not backing away from amazon. >> no, i've been a prime member. i resisted at first, but it becomes easy. you get the free shipping, it gets to you fast, you get
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streaming stuff, they are hooked into you in a variety of different ways and especially, obviously, during the covid is that you learn to rely on certain things like that. it became more apparent to you about what works and what you want at home. and that's, i think, one of the big differences for people. that was a different life experience. lauren: but with we now want more, because when i use prime if, i want same-day delivery now. i need it by tonight. >> and with some of the products, you can get it. same day. and that's great. and, of course, then there's -- you've got people being hired to deliver those packages, you've got -- that's helpful. stuart: amazon, what a company. all right. tammy, thank you very much, indeed. coming up on the show today in the next two hours, actually, barstool sports' dave portnoy. he just bought over a million bucks of bitcoin. my question is, what are you going to do with it? trade? get in and out? hold it forever? i'll ask him. we've got an exclusive with professional boxer jake paul
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next hour, live in studio, sitting next to me. he's promoting what is expected to be the biggest fight in women's boxing history. china's xi met with vladimir putin at the olympics earlier. this happening as we learn russia may be planning a fake attack on ukraine. former ambassador kurt volker is this ukraine. i'll ask him what he makes of it all after after this. ♪ ♪
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♪ stuart: there are new reports that russia is planning to stage a fake attack to justify an invasion of ukraine. so let's head to kiev, capital of ukraine. steve harrigan is there. the latest, please, steve. >> reporter: those charges come as russia continues its massive buildup along three
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sides of ukraine's borders, especially to the north there in belarus, pouring in both men and weapons systems. the charge comes from the pentagon. they say russia was planning a propaganda video that it would use ukrainian actors really, but ukrainians with u.s. weapons killing russians. they'd even have corpses involved in the film. it was to spark the war in ukraine and, of course, blame it on ukraine and russia. now, they didn't present any evidence of that video, and russia has denied that claim pretty much immediately. in the meantime, russian president vladimir putin in china for the opening ceremonies of the limb picks. he met with his chinese counterpart, xi, and both of them showing a lot of support for each other saying they both oppose nato expansioning in a joint statement. when you talk to people on the streets of kiev, a lot of them are beginning to make the start of reparation -- preparations for a possible wider war. >> translator: we have a plan to
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evacuate where we can rent an apartment where we can hide our children. >> translator: so far there has been no run on bread, no panic buying, but what happens tomorrow, nobody knows. >> reporter: so no bread runs, no visible sign that the economy here is under threat of what could be a massive invasion. stuart, back to you. stuart: steve harrigan in ukraine, thanks very much. with me now, former ambassador to nato kurt volcker. mr. ambassador, you're in kiev. what do you make of these reports of a possible take attack? >> well, it's the kind of thing that russia has done in the past and could do just to have in the coffers, just to have handy if they decide they wanted to invade ukraine definitively. they would roll that out and say, hey, look at what was done to us and use it as a pretext. i don't think it means yet that russia is determined to invade so far, and i think they're calculating some of the moves that we've seen in the past few days, soldiers going east, security assistance to ukraine,
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very senior visitors coming to ukraine. i don't think putin has quite made up his mind yet. stuart: when the defense department announced the possibility of this fake attack, they were very detailed in what they thought the russians were planning. that suggests to me that we've got some pretty good intelligence here. would that be true? >> yes. i think that must be the case. it's striking to me, it's relevant they would release this. that means they must have if fairly detailed sense of exactly what was happening. and i think one of the things the united states has been doing quite effectively is calling out russia on steps that they're taking. if you compare to 2014 when they took crimea, the u.s. and nato allies were largely silent watching as it was happening. we're trying to get ahead of that curve this time and raise the stakes for putin to actually follow through. stuart: earlier today putin met xi jinping at the olympics, russia and china, both leaders getting together. what's the significance of that
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bearing in mind the ukraine situation? >> honestly, i think it is putin trying to instrumentallize his relationship with china. i think he wants to show to europe, show to the united states, hey, i have china's backing. if you lay sanctions on me, they'll help me on finances. china doesn't want to see nato enlargement either. but i think this is really putin crafting this. i don't believe that china is as invested in this as russia is. if. stuart: would you just care to summarize and give us your opinion on president biden's performance so far in this crisis? >> well, you know, that press conference still reverberates. i'm here in ukraine, and people still talk about it as giving a potential green light to an invasion by talking about a minor incursion and we'd have to discuss what to do about that. since then the u.s. has really stepped up. i think we've seen increases in security assistance to ukraine every few days there's a new plane arriving with security
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assistance. we've seen the deployment, the announced deployment of u.s. forces to some of our central and east european nato allies and other allies are starting to do more as well. boris johnson was just here the other day. he's delivered a lot of security assistance. turkish president erdogan was here, he's also providing support in terms of unmanned drones to ukraine. the poles, the lithuanians, the estonians are transferring u.s.-made equipment to ukraine that the u.s. had given to them and now giving them a license to transfer it further. so we're starting to see a little bit more things on the ground that will cause putin to think. stuart: i know that you in key e jeff to start -- kiev to start, literally, a new american university in ukraine. >> yes. stuart: in the last 30 seconds of thisser is view, can you tell me why you decided to do that now, in the middle of a crisis? >> well, we've been working on it for a few years. [laughter] critically important to go forward with this now to show confidence in ukraine, that this
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ultimately, ukraine will survive and succeed and prosper, and we want to build that relationship with the united states. stuart: mr. ambassador, thank you so much for being on the show so frequently. you're a great contribution to understanding the situation. >> pleasure, stuart. thank you. stuart: thank you, sir. olympics chief says he plans to meet with the chinese tennis star pink. >> wu over safety concerns. spell it out, ashley. what are thosen concerns? ashley: good morning. well, that she is safe and also whether she wants an investigation of her claims of sexual aa salt. she disappeared from public life after writing a social media post accusing a member of china's politboro of forcing her to have sex. the post was laterer deleted and peng also later retracted her allegations saying she had been misunderstood. the olympic president has been talking with peng via video link
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over several months, but human rights activists accused the olympic president for covering up for china. he says he will reach out to peng again to meet in person to ask about whether she actually wants an investigation, but he says it's her life and it's her decision. so we'll see what happens there. stuart: yes, we shall. thanks, ash. remember the truckers' convoy in canada protesting vaccine mandates? now american truckers are trying to organize something similar in d.c. only problem is facebook opinion removed the page promoting it. we'll bring you that story. tom brady included patriots in a farewell video, and there was no mention of him in his original retirement note. so has he been restored to dave portnoy's good favor? that's just one of the questions i've got for dave. mr. portnoy is next. ♪ ♪ million, million nights just like this -- ♪ so let's get down, let's get
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♪ stuart: check those markets, please. we've got green for the nasdaq, green for the s&p, but we've got a little bit of red for the dow jones industrial average. remember, it is jobs day,
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467,000 jobs created. but interest rates are rising, and that originally upset the market. there are some movers. i notice gopro is moving. i think it should be up because it got a pretty good report. nice to see that. lauren: solid revenues, doubled their subscribers to 1.6 million last year and now they're expanding their line of cameras. they have two new products coming out. the stock has been under pressure for a while. stuart: chlorox not doing well. lauren: worst performer in the s&p today. they cut their full-year earnings forecast. we're not stocking up on bleach, for instance, like at the start of the pandemic. but now they're vowing to raise prices on 85% of everything that chlorox sells. that's cleaning products, it's hidden valley salad dressing, the brita water filters, the glad trash bags. stuart: when the pandemic first hit, we all ran out for cleaning, and chlorox went to the moon. lauren: yeah. couldn't find products.
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i stole some from work. [laughter] stuart: you whispered like the president. that's remarkable. [laughter] i want to talk about coal, which i think is also moving up. lauren: yeah. so they today say -- they say these takeover offers -- kohl's -- they're too low and don't adequately value the retailer, so i think investors agree. if. stuart: okay. let's move on to the main event. first of all, look at bitcoin. this morning it's at $39,000 per coin. it's gone up significantly today. let's bring in dave portnoy. portnoy always welcome on the show. great to see you again, sir, thanks for being here. >> thanks for having me. stuart: as i understand it, you just spent a million bucks on bitcoin. i want to know your plan. >> i'm not doing anything with these. i bought 29 bitdowns, i've been in ask and out -- bitcoins. i've been in and out. i bought it when it was 11,000, i sold it the next day. i got mocked across the internet
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for doing that. people called me paper hand. i was waiting for my reentry point. fool me once, shame on you, fool e twice -- me twice, shame on me. i'm in for the if long haul. stuart: i'll never forget diamond hands, portnoy. never forget if. now, a couple of years ago, or maybe a year ago, you said you were staying away from cryptos because you didn't understand the market. have you now figured out bitcoin and the cryptos? >> no. no, i haven't figured 'em out, but here's what i have figured out. bitcoin is here to stay. it's not going anywhere. you see many institutions getting in. it's the future, so, you know, everybody i talk to, everybody has some is. i think you're an idiot if it's not part of your portfolio. whether it should be all of it, probably not. but, you know, 29 coins i'm going to build, and when i talk to you in 30 years from now, i'll probably have a billion dollars worth of bitcoin. stuart: 30 years from now, i'll be dead --
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>> you don't know what technologies hold, stuart. you never know. stuart: do you think i'm an idiot because i don't have any bitcoin? >> oh, yeah. well, unless you think you're going to be dead soon, yes. stuart: well, i'm 73, dave. i don't have that long to go. >> why won't you have bitcoin? stuart: because i think it's a gambling chip. i think that's what it is. it's not a store of value. it depends entirely on how many people want to buy and sell it. that's it. has no other value. >> to yeah, but it's not going anywhere. too many big players are in. i get it on some of the smaller coins. bitcoin's here to stay. and at some point everything develops value. i mean, at some point, you know, people invented money, and people probably said the same thing about the dollar or whatever it is. stuart: i tell you what, i'll buy some for my grandchildren, that's a better idea. >> that's a great gift. you'll be a popular grandpa. [laughter] stuart: we'll see about that a. los angeles mayor eric garcetti, you remember this, he defended
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his maskless at the nfl game. he says he held his breath whilst he took mask off. you know this, you tweeted about it. wasn't that the funniest thing ever? what a stupid -- >> like a saturday night live skit. you held your -- i mean, it's just a crazy thing to say. you almost respect him, it's so preposterous to stay the it -- to say it. like, oh, my god, i took it off. the super bowl's going to be there next week, so there's a lot of people holding their breath, i suppose. stuart: do you remember when bill clinton 30 years ago was with asked do you smoke pot, and he said i didn't inhale? that's exact -- that reminded me, garcetti's response reminded me of bill clinton. >> you've got to wonder what's going on in these people's brains because it's one thing, you know people are going to take pictures if you're taking your max off, so either leave it on or don't come up with that preposterous answer, but it got a laugh out of me. stuart: out of me as well. let's go on to tom brady.
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i know you were disappointed when he didn't mention the patriots, your favorite if team, when he gave his retirement note. now, has he returned to your favor? >> yeah. i was hurt by that. i was hurt by that. stuart: you were not. >> no, i was. stuart, i'm looking at these pictures of him in a bucs p uniform, and i want to puke. [laughter] it was an afterthought. he spent 20 years with us. i thought it was a shock, cold move by him to do it. he has since posted a lot of patriot videos. he actually thanked me personally, not that it's about me, but he did to that on his instagram page, so, yes, he's a patriot. when the books are closeeded, nobody will remember he played with tampa bay. in the new england area he's the kennedys, he's bobby orr, he's somebody that a means something to the whole area, so when he didn't shout us out, it hurt. but we're good now. stuart: why does everybody -- well, so many people hate the
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patriots? >> because we win. people hate winners. same reason people hate me, jealousy. it's an ugly disease. stuart: nobody hates you, dave. >> oh, you'd be surprised. stuart: you are a very, very good performer, you really are. you've got excitement if, you've got energy if, you propel out of the steven screen. that's exactly what a good broad broadcaster does. >> that means a lot. thank you, stuart. stuart, no it doesn't. [laughter] >> no, it does. it means a lot. stuart: the super bowl. i'm told it's the bengals against the rams. who have you got? >> i like joe burrow, i think they're on a magical country. it's six of one, half dozen of the other, but i'm going to take the bengals. they're getting points, like that. stuart: do you know the over/under at this point? >> i'd be an idiot, i think it's around 50 but, honestly, i haven't even looked. the fact i don't know that is disgusting to me. i know it's like the spread opened at 4, i think it was 50.
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stuart: see, i didn't understand diamond hands, and you didn't -- >> i think it's 4 and 50. stuart: give i've got to get this in. you just launched a sportsbooking in louisiana. isn't that your 12th state? >> yes. and we're going to be there to watch the super bowl. you had to put the red up. can't we get that green? [laughter] that's one hell of a way to end this, huh, stuart? stuart: we're not ending yet. i hear that your bar in chicago, a barstool bar, i hear it's packed. is that accurate? give you a chance to shine. >> thank you. so we opened a bar there, we're going to be doing on-premise stuff, we have bars coming in philadelphia, nashville, scottsdale. we had to delay can it because of covid, but barstool will be the first with penn on present if channel for gambling, and we make must be. stuart, do you like money? we make money. unlike our competitors, we make money. so if you like -- we get lumped in with the guys who lose money,
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but if you like money, we're a great spot to be. stuart: i think you're a great broadcaster and a great guest. dave portnoy, thanks very much for being here. >> thank you. stuart: change the subject. jon stewart, he is the latest celebrity toome out in support of joe rogan. watch this. >> don't leave, don't abandon. this overreaction to rogan, i think, is a mistake. stuart: you heard it. he calls it an overreaction. what does steve hilton think? he's on the show next hour. all right, valentine's day coming up. any supply chain problems for diamonds? valentine's day is the big day for engagements. i'm going to talk to the chief executive at blue nile next. ♪ ♪
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my daughter has type 2 diabetes and lately i've seen this change in her. once-weekly trulicity is proven to help lower a1c. it lowers blood sugar from the first dose. and you could lose up to ten pounds. trulicity is for type 2 diabetes. it isn't for people with type 1 diabetes. it's not approved for use in children. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. serious side effects may include pancreatitis. taking trulicity with sulfonylurea or insulin raises low blood sugar risk. side effects include nausea, vomiting, and diarrhea,
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which can lead to dehydration and may worsen kidney problems. ask your doctor about once-weekly trulicity. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit (dramatic music) - [narrator] as the eyes of the world focus on the latest flood of calamities, the most urgent may not be the most visible to the average person. for decades, we've seen an erosion of our nation's values, but today we are experiencing a world gone mad. the country is facing an inflection point and cultural norms are turning away from traditional values. in "hope for this present crisis," dr. michael youssef presents a seven-part plan providing practical steps on how to be a godly influence in our society and how to take a stand for our values in a culture aggressively opposed to them. there is hope for this present crisis if we act now.
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a dear friend of dr. youssef so wants you to have this book that he will pay for it. all you have to do is cover the shipping and handling: $4.95. and if you order it today, we will also include the action guide, "practical questions and answers for this present crisis". call or go online today for your free copy. (dramatic music)
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stuart: all right, the dow is
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down suddenly 236 points. the nasdaq is up rather suddenly 91 points. i would call that volatility. and you're seeing it again today, as you've been seeing for the past month. valentine's day, yeah, it is just around the corner. ashley, i presume that some gifts are getting much more expensive this year. ashley: oh, stu, what price can you put on love? [laughter] don't answer that. because of shipping issues and inflation on everything from packaging to glass, cardboard, etc., you could pay an extra 10% or more for your favorite bottle of bubbly. california's napa valley, a region that produces most of the nation's wine, has been hit with drought, fires and other extreme weather, killing some crops and leading to a lower yield. so lower supply means higher prices. valentine's day spending, by the way, expected to reach $23.9 billion. that's the second highest year on record according to the national retail federation.
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and, by the way, on average americans will spend about $175 on candy, cards, flowers and other romantic gifts, so i guess you can put a price on love, stu. stuart: yes, you can. i hope you didn't hear that frot report. lauren: i didn't, ashley, i'm sorry. stuart: valentine's day is coming up, and i am told that means diamonds. look who's here, the ceo of blue nile, sean kell back with us. he's a glutton for punishment, this guy. >> i am. [laughter] stuart: now, are you absolutely promising no supply shortage of diamonds this valentine's day? >> you know, stuart, thank you for having me and happy valentine's day. i heard you talking with dave portnoy there about diamond hands, and so we're happy to follow that. this is kind of our super bowl season here. and were feeling really good
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about our supply chain. you know, diamonds and jewelry are small, valuable items that don't tend to ship in shipping containers, and so we've had really good, good luck over the last with the supply chain issue. so we're many stock, ready to ship and helping people have a great valentine's day. stuart: i'm trying to think, but i think 40 years ago i was working for a different network, and i did a story about a, on the diamond district in new york city. and at that time, we're talking a long time ago, i looked at a one-car are at -- carat d flawless diamond when i'm told is about as good as it gets. all those years ago it was $60,000. now, i don't think you deal in those -- >> we do. yeah, we do. we sell d flawless all day long. stuart: okay. how much would i have to shell out for it today? >> well, it depends on the cut, stuart. but it's going to be many that
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40-50,000 range. you know, i think, you know, and what that's really, i think, what we do at blue nile better than others, is we provide incredible quality diamonds and jewelry at 30-50% lower prices than you can get at a traditional jeweler or even the diamond district. of. stuart: okay. now then, i'm told that valentine's day is the second biggest holiday for engagements. i take it that christmas is the first? >> that's right. christmas holiday season is the first, is the biggest time of year for engagements. most weddings happen in the summer. so we get a lot of anniversary gifts during the summer, but valentine's day is what we're excited about this year, and it's coming up fast. and if you shop on blue nile up until about 1 p.m. on saturday, you can still get your engagement ring gift arriving in time for valentine's day. you still have time, but it's getting tight.
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stuart: for an engagement, it must be a diamond, is that correct? i was talking about this during the commercial break, and i said, well, why can't you give a ruby or an emerald? and power lauren almost threw up. it is only diamonds, is that correct? >> no, not at all. stuart: see? [laughter] >> she's right. almost 15% of center-stone engagement rings are gem stones. sapphire is the most popular, of course, you'll recall that famously princess diana has that beautiful sapphire center stone engagement ring. we, in fact, launched a new gem stone engagement ring line just in the last fall, and it's absolutely crushing it. as i said, it's almost 15% of our engagement ring selection. stuart: you see, lauren? i was right. sean kell, you freaked out the entire staff at fox business, and we wish you well for the
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valentine's season. >> well, thank you. and remember, you can shop on until 1 p.m -- [laughter] stuart: he got it in. he did, well done, sean. all right. speaker pelosi telling, telling u.s. athletes at the beijing olympics, stay silent, don't anger the chinese government. running interference for the communist party. we've government the story. a doctor in took a stand against vaccine mandates, and the state wouldn't let him take patients or practice medicine. he's suing. that doctor joins us next. ♪ i could use a break. ♪ all i do is sit around and wait for better days ♪♪ and it's easy to get a quote at so you only pay for what you need. isn't that right limu? limu? sorry, one sec. doug blows a whistle. [a vulture squawks.] oh boy. only pay for what you need. ♪liberty, liberty, liberty, liberty♪
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stuart: facebook has remove pded a group page promoting a freedom convoy in d.c. jackie deangelis has the story. jackie, this is about the american convoy following on the canadian convoy, right? >> that is. the stories are definitely intertwined, but it really hassed to do with big tech censorship, and that's what we've discussed a lot here, stuart, so i want to dig into that. big tech has mobilized to deplatform the trucker protests as they've been gaining steam in canada and the united states. it's starting with gofundme,
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popular crowd funding malt form, the canadian truckers raised over $10 million, small donations, from people showing their support. but gofundme? they froze their page. they want more information on how the funds are going to be used, and they're reviewing their terms of service. now, the american version of the protest that you mentioned picking up some steam, they want to convoy from california to washington d.c. they organized on facebook. they amassed over 130,000 members, but facebook disabled the page this week, and you guessed it, they said it was a violation of their terms of service. so a spokesperson for facebook's parent company, meta, provided this statement to fox news. quote: we have removed this group for repeatly violating our policies around q anon, but the organizer of the group says, huh-uh, that's not true. >> there was none of that. none of us are associated with any of that, there was none of that posted on facebook. they won't prey that's what it
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was, they won't show us what it was, and they wiped out two of the administrators' facebook profiles altogether. they can't even make a profile. they're completely banned. >> and the convoy, of course, is calling it censorship at its finest, and they don't have to explain. they haven't been explaining. they just pull the pages, and this is the world we live in. stuart: it's censorship, case closed. jackie, thanks very much, indeed. speaking of being banned, our next guest was banned from treating patients because he opposed the vaccine mandate, and he himself is not vaccinated. dr. stephen scully is back with us this morning. i know that you are filing suit against this ban. you want to go back to work. on what grounds are you filing suit? is. >> sure. i wish i had better news for you in filing this complaint. i was given a compliance if order back in october. i hopefully -- openly defied the government mandate in rhode island about the vaccination
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status. i did it based on science like other health care workers. i survived covid, i developed what at that point we called acquired immunity, and i have antibodies. i requested a medical exemption because of the interaction of the vaccine seen -- vaccine or the potential for bell's palsy. i had it associated with lyme disease a couple times as a young adult, and i didn't want to take the risk -- stuart: so what -- >> i defied the mandate and went through the necessary hearing. stuart: what's the main point of the suit? you're saying to the court i want back in because of what? >> i have natural immunity. the literature on the science now shows that me surviving covid, my immunity for myself to protect me and to prevent transmission to others is equal to those that are vaccinated.
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stuart: okay. >> in fact, superior. in the hearing process, which was an adventure, they literalle was the vaccinated workers were not enough to take care of the health care system in rhode island. when the mandate, the unvaccinated workers left, and it was a self-inflect flicked -- inflictedded wound on the health care system. the governor recently said that he would allow vaccinated covid-positive workers back into the health care force. but myself and others like me, unvaccinate but not covid-positive, can't work. it's just, it's just so unfair. stuart: [inaudible] >> i want to be able to go back to practice to take care of my patients. my patients throughout the pandemic have never been compromised -- stuart: okay. doctor, we're out of time, so i'll bring you back at another date to see how this court case goes. we appreciate you being here. >> thank you very much again. stuart: sure thing. still ahead on the program today, dana perino is going to
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join us, so is kim strassel along with steve hilton. professional boxer jake paul, he is going to be on the set sitting right next to me. right there. when your staff deserts you, you know you've got big problems. such is the case today for two world leaders, britain's prime minister boris johnson and vice president kamala harris. the future for both of them doesn't look that bright. it's the theme of my take, next. ♪ you can't stop the tears from falling down ♪♪
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from 160 countries came across the border. to say it is congress's fault shows you how misplaced their priorities are. >> we are seeing businesses and people willing to move on with their life. under the virus we want to get people back into the workforce. we have to be careful as we move forward. >> it may be uncomfortable.
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you might as well do it and get it over with and shock the system. >> facebook is. ♪♪ stuart: 11:00 eastern time. we are playing red, the tennis song, it is national wear red day. to raise awareness for heart disease and strokes in women. heart disease is the leading cause of death for men and women. the markets, there's a lot of red ink for the dow industrials, down 260 points. the nasdaq eking out a 50 point gain on the back of amazon. think of the 10 year treasury yield which is gone up to
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one.93%. oil at the highest price in 7 years. $92.55 a barrel. that is energy price inflation. i want to be different today. you own a hedge fund. what you make of amazon? >> we have seen when elephants are dancing mice get trampled. we've seen the biggest loss for market ever, that is facebook. one of the biggest gains for a company. huge moves. these are some huge moves. the question is where the stock is going. a 52-week list of companies that are strong uptrends, none of them are technology. finance, oil, commodities, tech earnings are great but not
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where the action is. stuart: the action in stocks seems to be financials and at because interest rates are rising across the board. >> this is a long-term trend that has been in place as rates challenge multi-year highs. they will go higher and that hurting technology in helping financials. we have to avoid the temptation to catch a falling knife. facebook hit a 1-year low. of the nasdaq it's a 1-year logo 60% lower from this level. i will be hesitant to buy any falling knives when putting the money to work. stuart: when rates rise financials do well and they are doing well today. any other group of stocks or any other area that is going to do well his interest rates rise? >> the big money is in the big
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moves and technologies the best example. it has been going up for four or five years, this move in commodities and inflation, biden isn't stopping spending, he spending more, fueling inflation, that's what we are experiencing. energy and higher interest rates the place to be and not tech. stuart: you don't like to cover individual stocks, do you have a particular financial you think is the want to go for? >> deutsche bank, i do own it. do your own due diligence, talk with a financial advisor but as interest rates go up, one of the negative interest rates going positive again. the european banks have been dead for years, always do your into diligence but it's on my list. stuart: it is up nearly 3%. look what you did. thanks for being here, see you next week. we are looking closely at the
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market in particular these two auto stocks general motors and ford. gm is moving significantly. what's the story? lauren: ford is down 11%, they had a wide miss when it came to their earnings, they are pivoting big time to other, 275 preorders that include the f150 lightning. it may be that pivot and miss are too big for the street, and general motors down into believe in the gm expects to deliver more cars than ford does, they are both down in a big way. stuart: twitter, don't they report? lauren: they are up in a big way. apple made privacy changes that as uses for permission to be tracked across the web. they saw what you are doing and could target you. twitter, p the interest and snap are impacted by the privacy changes.
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that is why twitter is up today and snap and pinterest surging. stuart: 39 and change. lauren: micro strategy. stuart: that is a bit coin connected stock. lauren: they are 123,000 bitcoin as they near this high, very close to 40,000 a lot of crypto currency stocks rise. stuart: 9% up, 39-7 as we speak. now this. when your staff desserts you, you know you have big problems. such is the case for two world leaders. i will start with boris johnson.
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is top four and abruptly resigned. his chief of staff, can indications director, policy director, all of them quit abruptly. johnson had been caught drinking and partying in his official residence while the rest of the country was locked down. the writing is on the wall, lose your top people and you don't have much longer in office. the other world leaders vice president kamala harris. she just lost her director of speechwriting will end at the monthly travel and planning people left after her border performance. her chief spokesperson, director of communications and director of digital strategies have all gone. unlike boris johnson, our vice president is not facing imminent firing but she's become a liability to the administration. yesterday she botched an interview on telemundo blaming congress for the immigration mess.
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constant mistakes, eight top staffers gone. like johnson, the future doesn't look bright. we are proud to announce we've gotten dana perino to appear on the show. here she is. you must have done a sprint. you are not supposed to be out of breath when you get on setting you are not. what's going on in the white house when vice president harris is losing top staff? she's become a liability. >> he was first to drop out of the democratic primary. if you look at the articles at the time a lot of problems the staff talked about on background, the boris johnson thing is interesting because his staff thinks he is unethical and he has huge problems, they know they need to get out to save themselves for future jobs, with her it is different. i think the staff thinks she is
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not competent and not engaging with them. they provider briefing materials and get ready and she doesn't read them and when there's a problem she blames them. that's not a fun environment. working in the white house or the vice president's office is amazing. lauren: you can't fire an elected official. >> of the white house thinks you can't fulfill the big jobs like immigration and voting rights with the other thing you can do? marginalize her. get her to do things that don't have much consequent, don't have her do interviews with cylinder, if that is a problem that is a problem but that's how they should deal with it. stuart: jen psaki has to answer for this. >> under the vice president is busy but they are not subtle about it. there's a little bit of cold
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drift between the west wing and ice president's office. they would deny it but there is no warmth between them. we one cold drift. i feel that was before you go i know you just interview the pentagon press secretary about the russia ukraine situation. >> there are information is interesting, we know about the possibilities, the video that provoked the ukrainians into firing a shot. i was terrified of airing a deep fake video during the campaign. at fox you get information, seeing things about the presidential campaign and their sunday will be a deep fake
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video that provokes something. i don't want to be the one that is it. it refers to this as they are trying to prevent boudin from invading. they said they had this intelligence and this is on your menu of things you are doing we are on to you. stuart: that is how our administration says we know what you are up to, detailed intelligence. >> some thing admiral kirby set is your possibly risking our intelligence asset by the person by which you got that information. stuart: that was pretty good. >> those were good years. stuart: for three years we were on with hannity. great times. watching you on america's
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newsroom. i'm telling the audience they want more of it. we have a huge show still to come. jake paul is promoting what may be the biggest fight in women's boxing history, they could make 7 figures, he's on the show. speaker pelosi has a warning for our limbic athletes, keep your mouth shut. that clever putin and xi jinping presumably talks russia and ukraine, we will go live on the ground to give, the capital of ukraine, after this. ♪ ♪
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♪ ♪ you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. - whether you are a religious person or not, visit most americans agree that we are facing a severe truth crisis. so many people are choosing their own feelings and limited experience over long proven, established truth. the result?
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chaos and absurdity. my new book gives you hope out of this present crisis. order it now. - [announcer] in "hope for this present crisis," dr. michael youssef presents a seven-part plan providing practical steps on how to be a godly influence in our society and how to take a stand for our faith in a culture aggressively opposed to the truth. there is hope for this present crisis, if we act now. this book is now available to you for just the cost of shipping and handling: $4.95. and if you order today, dr. youssef will also include the "action guide," practical questions and answers for this present crisis. call or go online today for your free copy.
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stuart: the beijing politics have begun. speaker pelosi is a warning for our athletes. what is she saying? amy: principal. to keep their mouths shut and concentrate on competing in the games. >> i would say to our athletes, you are there to compete. do not risk incurring the anger of the chinese government because they are ruthless. i also worry what the chinese government might do to their reputations, to their families. ashley: at a congressional executive commission on china hearing pelosi accused the international olympic committee to turning a blind eye to china's human rights abuses to bolster their bottom line.
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lawmakers told you as a limbic officials to defend american athletes from chinese retaliation if they choose to speak out against china's human rights violations. stuart: there are new reports that russia is planning to stage a fake attack of ukraine border. what more do we know about this? >> reporter: that claim emerged yesterday from the pentagon that russia was planning to make a propaganda film that would use actors posing as ukrainian soldiers with american weapons killing russians to create a pretext for russia to invade. the pentagon did not offer evidence and russia has denied the claim. we are getting more details from the pentagon. >> i don't know they created it yet but we know they are
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thinking of doing it and one of the other things we know they are trying to do to create a pretext for invasion. >> russian president vladimir putin meeting with his chinese counterpart president xi. they issued a joint statement. they both oppose further expansion of nato. a lot of people are beginning to make preparations for a possible water war here. >> translator: we have a plan to evacuate where we can hide our children. >> no panic buying but what happens tomorrow nobody knows. >> reporter: government officials have been conservative talk about an invasion could tank the economy. stuart: thanks very much, putin as in russia's president xi jinping met overnight at the beijing olympics.
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what is the significance of the putin xi meeting is the ukraine situation warms up? >> reporter: both countries are on the outs and the international community has been skeptical and critical of the actions of both countries. this is something you often see, rogues, international outcasts, common cause and this is working to both of their benefits. it allows china to say russia back to me and china to say russia back to me. and when i make a quick judgment? seems to be president biden's position is improving. he put the troops over there, got them ready, he has full weaponry to ukraine and we have made known we've got good intelligence about this fake attack. maybe he is positioning himself better than he did to start with with the disastrous
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suggestion of a minor incursion. >> it has taken a while, trying to fix that original error. one thing i wish we would see a this isn't as much on the president of the white house has a bearing is of congress would get the sanctions package done and over the finish line. there are disagreements how immediate the sanctions would be and how widespread but it needs to be done to backup the white house and send a message that we will take targeted actions before he moves but worse will come if he does more. stuart: do you think russia will invade ukraine? what is your best feeling? >> i've long believed, we talk about this false flag operation, russia would prefer to middle in such a way they end up with a puppet government as they had before we got
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zelinski in ukraine. they don't have to commit troops or lives or worry about russian backlash in our country. i expect more to see a lot of shenanigans to destabilize ukraine and work to russia's interest. stuart: i read your latest piece, eric holder's democracy con. he campaigned against gerrymandering but says not a word about new york's map. a classic case of gerrymandering in new york, democrats get 3 seats out of it. >> at least three, maybe five. it is cutting in half the republican delegation was one of the worst cases of gerrymandering and if you look at those maps it is crazy and this guy who has been running a nonprofit activist group devoted to making sure we have
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fair redistricting maps they don't say anything because they don't care about justice or fairness a good democracy. they care about winning. stuart: is in that room all political parties given a chance to interview late in some way? you want to win. it is about winning and votes but we've been told it is the republicans who do these wicked things and democrats are up to it too. >> that is why i tell people be wary of any politician on either side that say they stand for truth, justice, and the american way of the other side is engage in partisan behavior. both sides want to win. stuart: thank you for being with us. back to the markets. we've been in business almost two hours and the dow is down
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260 points. have to figure out which stocks are taking the dow industrials down so much. fractional gain for the nasdaq and s&p down 20 points. hurts is up fractionally. they just tapped goldman sachs finance chief stephen to lead them into the digital electric in vehicle era. investors don't say much about that. royal caribbean say the omicron spread will delay the return to profitability, posted bigger losses than expected, but they are up and down depending on the covid situation. jake paul calling out the usc, president dana white, say they should form a union. blockbuster stuff. jake paul will make his case in a few minutes.
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stuart: that is orlando. appears to have returned to warmth. last week it was freezing cold, now it is 79 degrees in orlando, florida. check amazon and tell us what is going on. >> reporter: 200. billion dollar loss in market get you are looking at the opposite today. you are looking at a stock that is almost with $2 trillion, up 12%. you are creating $170 billion
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in value creation thanks to this rally, less than $200 billion that apple added in one single day last week but amazon telling the market we are making a ton of money, 10 times more profit than anticipated last year, record sales up 40%. average revenue broken up for the first time $30 billion a year, more than all advertising sales combined. they are adding $11 billion to the bottom line, raising prime prices to $139, first time be done in four years. i count 10 price target hikes but a lot of people were disappointed there was no stocks, you're paying 3000 or so for amazon plus but there are fraction of shares these days. you don't have to buy the whole thing.
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stuart: if they had announced a stock split that would have added to their gain today, i think. >> you've seen that with google, tesla, apple stock when they announce shares. that are not necessarily these days but you have a rally in stock getting into the split itself. stuart: back in the day. got $200 a share they would do a four for four and split. now nothing happens. tell me about clorox. >> a really disappointing report card inflation hurting their bottom line a lot. 20% less for clorox white and other products. energy prices spiking meaning clorox is talking about extreme levels of inflation eating years to recover. there was a disappointing report card.
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don't you think it is interesting the stocks which normally selloff, they are spiking, the yields are the highest since december of 2019. have you looked this? we are looking at some of these high growth names flying today. there's a tech relief rally and i was thinking of the snap surge, it is because of the record volume of options we've seen with retail investors. stuart: sophisticated players unlike myself. have a great weekend. he will come back for friday feedback. >> i could just take off for the weekend. stuart: we need you. 11:50. comedian and podcast host jon stewart the latest to jump into
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the joe rogan controversy. listen to whose side he is taking. >> don't leave, don't abandon. this overreaction to rogan i think is a mistake. rogan has power because so many people listen to him. misinformation will always be out there but if the algorithm drives people further down the rabbit hole the algorithm is the amplifier the catalyst of extremism. stuart: he's a smart guy and so is steve hilton who joined me now. social media has had this problem of monitoring contents for some time. now audio platforms like spotify have the same problem. >> it is far more defensible for those on the social media platform that they are an outlet for anyone to express themselves where if you are
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spotify you curate who was on your platform so you defend against the woke mob, not as strong as the social media companies. frankly if you are in a big company, whatever sector you're in you can be sure you will get the woke mob coming for you and you need to pick about how you handle that. depends where the coming, they buzz around you like flies, tiny minority of activists on twitter generate is controversies. if it's coming from the outside from people having a go at you because they don't like her policies whether it is voting rights, race, transgender issues. of it is external you can get away with toughing it out and they will go away. the problem is when it is internal.
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that's going on the spotify where it is your own employees, your woke employees pushing you to take action. that's harder to deal with and that is why companies are having to respond. on the question of misinformation, on covid misinformation there is no one that has pushed more lies and misinformation throughout the pandemic than the people we are told to listen to buy the other media channels like fauci and the cdc. they pushed misinformation on everything from masks to lockdown to the origin of the virus in the first place. misinformation means any opinion outside the groupthink. stuart: listen to this. since 2020 homicides are up 37%, car theft up 45%. that is in los angeles. president biden has caught fire for his soft on crime policies.
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what do you want to happen where this mayhem is taking place? >> it is murder and mayhem. you can trace a line to the far left woke das elected and big cities like los angeles and san francisco with financial support from george soros and those who promote the woke da movement and the combination of that plus the defend the police rhetoric and in some cases policies where they cut the number of police officers in oakland, california and sentences go and it is not just money but also the message they are sending which demoralizes, defending the police. that has caused the crime rise. the good news for californians, there are movements to recall these das. if you elect the right attorney general, talking to one of the
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candidates on my podcast california rebel base the state attorney general has the power to intervene where people at lives of been put at risk in reverse these policies so we do have ways of turning this around. stuart: we will be watching you on the next revolution sunday, 9:00 pm eastern on fox news. show me the dow 30. a lot of selling, a lot of red. my next guest got his start as a social media star. now is a professional boxer making millions off of his pay-per-view fights. jake paul will join me in studio after this.
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♪♪ iva tiger ♪♪ e stuart: of course we are playing i of the tiger. rocky tsonga. that's related to boxing and so is our next guest. our next guest got his start in social media. he is the second highest paid youtube creator in the world and professional boxer. i'm nervous that epicenter be because he's really famous. welcome, jake paul. >> i am excited. stuart: forbes said you made $40 million last year, motivating boxing. >> that is what i made from boxing. i made more on top of that from
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advertisements and my crypto investments, meta-verse investment. stuart: are we talking $70 million? >> if i were to cash out, 60 on top of that from my investments. if i were to liquidate. stuart: you just got into bitcoin. >> i put money in bitcoin when i was 16. almost nine or ten years. stuart: you bought it back then? >> i've always been involved in crypto and all of that. i'm a long-term holder. stuart: around 25, long way to go. ever invest in ordinary stocks like microsoft or amazon? >> i have my team at morgan stanley, i put money with them and they handle everything.
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stuart: you have a team at morgan stanley. >> 10 people. i'm more into the crypto side of things. they talk to me about what stocks they are putting into but they are crushing it for me. stuart: i want to talk about the madison square garden fight, your promoting this. is going to be the biggest female boxing event in world history? >> it will be and already is. the second highest pre-sale for any boxing match, tickets go on sale at noon but it will sell out very fast. the two pound for pound best females going after each other never happened before in both making a 7-figure payday which never happened in women's boxing before. stuart: why are you feuding with dana white? >> he is the one that started it.
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he started trying to tear me down in the media and say my fights weren't real and i was doing all this stuff while i am knocking out for usc champions. that's where it started. i've always been an advocate for fighters. the way he treats his fighters -- >> you want a union. >> i want a union for boxes and fighters. stuart: are you a boxer or you getting into mma fighting? >> i won't be doing mma anytime soon. i have a wrestling background. if i learn to do some kicks or jujitsu chokes i could be doing some damage. stuart: could you make $100 million this year? >> that's a good question. i will work on that.
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we will see. i will update you next year. stuart: do you like making money? is money the priority? >> know. i like the challenge of making the money and accomplishing something i don't think i could do. stuart: do you like fighting? >> i love fighting more than anything. stuart: you like punching people? >> it's like a movie when you are in the ring. the challenge of making myself be the best version of me, doing everything right, eating right, surrounding myself with right people, push myself to the limits. when you win it is the best feeling in the world, nothing better than knocking somebody out and jumping on the ropes, nothing better. stuart: you transformed boxing by making it into a gigantic
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show, celebrity entertainers warm up the crowd. you transformed boxing with that and went to do the same with m&a. >> on it. i want to be a disruptor. that's how you leave a lasting impact i'm not just trying to win. i will have more of an impact outside the ring then inside. there will be a ton of fighters who knock people out and make a ton of money. inside the ring. my impact is outside the ring and that sets me apart. stuart: you remind me of dave portnoy with the way you go at things. >> we have hung out. he is a cool guy. i see how he operates and we are similar, disruptor and don't take no for an answer and move the way we want to. stuart: this fight, are you going to produce some nfts, is
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that what you are going to do? >> for sure. we want to form nfts with utility folks, what is the access? the vip backstage, meet amanda or katie. interesting. maybe we should have your ideas. sometimes the best ideas come from. stuart: i will take you up on it. thank you for being with us. if you want to come back you can come back. >> shout out to my mom who is watching now and my aunt, shannon. stuart: come back and see us soon. come back and see us soon. friday feedback is next. got confused with a celebrity, friday feedback is next.
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stuart: limited time. friday feedback.
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this is from mark. of all the politicians and last week's game in la, are they doing the same thing? what do you say? ashley: probably. ever since he said he held his breath when he took his mask off, eric garcetti a suffering lack of oxygen to the brain. he should be swimming in the limits. another said he should held his breath a couple more minutes. it is a joke. stuart: this is tweet, what other languages do you speak and how fluent in each language. you speak a bunch of languages. susan: a bit of mandarin but other languages, english gets confused sometimes. ashley: american english,
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english, english, a bit of australian and some canadian. lauren: i can get by in spanish but mostly english. stuart: at one time in my life i spoke fluent swahili. i'm not fluent anymore. in normal times what food and drink is available on set for you, i never eat on the set. interrupt your breathing. how about you. >> that is what we get. stuart: anyone else want to chime in? >> that's about it. you don't eat food on the set. maybe if you wait on set we could get more. stuart: you wouldn't want to see me eat on set. you sold kayleigh mcenany you think jen psaki is doing a good
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job was wide you think this? she is in a difficult position defending a president in crisis and she's a steady hands a to do that. you agree with me? lauren: one tough job. stuart: last one from jam. we enjoy most of the fox news shows, glad you have that quiz, i catch that most days. these things lighten up the bad news most days which leads into the trivia question of the day. how many people in the world have smart phones? the correct answer in a moment. chime in with your guesses. we will be back. new projects means new project managers. you need to hire. i need indeed.
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stuart: how many people in the world have smart phones? let's take a guess. susan, you've got three smart phones. susan: 5.2 she said. stuart: what is your guess? lauren: 5.9 billion. stuart: ashley? ashley: number one. 5.2. stuart: it could not be 7 billion because that is the world population. wild stuff. that incredible. 6.6 billion smart phones, not
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the old-fashioned flip phones. 84% of the world population has a smart phone. don't forget to check us out on spotify, search varney and company and click that button. what a show. jake paul blue me away. what an intelligent dynamic guy. he's going to be back. dave: dave portnoy wasn't bad. today's top stories coming at us from opposite parts of the global. the winter olympics kicking off in beijing, a spectacle of global tensions about china's human rights abuses and russia's aggression toward ukraine and news of a cyber hack of a major company being linked to china and the


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