tv Varney Company FOX Business April 23, 2021 9:00am-12:00pm EDT
>> james freeman. workers are going to pay the price if washington raises taxes on capital. less investment, less productivity. >> i hope it doesn't go through. >> have a great friday and great weekend. stuart: good morning, everyone. we are back to the fair share the bait. they are reluctant to say how much of your money the government will take. the biden bernie aoc tax plan has been leaked. and the most important is a doubling of the tax on capital gain on stock and real estate taxes wealthy people in business owners may be carrying
a 30% rate and 50% in new york and california. that would be the highest capital gains rate in our history, this upset the market yesterday. they will sell stocks before the higher taxes kick in. versus selling later. when the government confiscates capital for this there will be less capital for the truly brilliant startup technology companies. the biggest tax play for residents of new york and california can add to the exodus to low tax with florida and texas. bernie sanders and aoc pull the strings, they could care less about your 401(k) and love to see tax rate at 70, maybe 80% above that. when the tax proposals were leaked somewhere surprised, they elected the moderate joe
biden. taxes, green new deal, the open border is bernie and running the show now. all right, everybody, here we go. once in a lifetime, i like the talking heads, i like cars, talking heads install faces and a tight band. bitcoin made big news earlier this morning, dropped sharply, actually hit 47,$000 a coin. as for dogecoin it took a
bigger hit down to $0.22 at last count, it was $0.42 on monday. as for inferior him, that is way down as well. down $22.40 is your if seria etherium price. the nasdaq is down 27. motel a big mover, a lot of toys during the lockdown, stock is up 6.8%. four astronauts on their way to the space station aboard a space x private enterprise rocket. that is important. now we don't have to use a russian rocket launched from dan. kazakhstan.
i editorialized about the president's plan on the capital gains tax about wealthy and business owners. i don't like america having the highest capital gains tax, i don't like anyone having to gain half their game confiscated. you can make up your own mind but susan is here to break it down. >> reporter: we haven't talked about income taxes, going to 39.6% for those making $1 million almost double, have to factor in the surtax, 3.8%, that pushes the capital gains tax rates up to over 43.4% which is higher than the current top income tax rate, olympia, california and new york with capital gains rates
of 56.7%, you have to love living there. you haven't added in the income tax. very few people make $1 million, you have to remember this was telegraphed on the campaign trail. taxing capital gains like income, 39.6% but the current interest is dead for private equity and hedge funds will be taxed at higher rates. will they do that in new york and california? probably not. stuart: unless you can deduct all these higher taxes against federal income tax you would come out ahead of the repeal salt. >> they need this money to pay for that infrastructure bill
and public spending. all these rich democrat donors are trying out. we elected you, that is what they are saying. stuart: let's see what is going on with kenny. i have a different angle here. i see how investors might want to sell for higher tax later but it is possible this tax hike will be backdated to january 1st of this year. bill clinton did that, that would mean no escape. that would be truly bad news. >> i would be surprised, bill clinton did do it. the current administration would back data to january. there would be a revolution if they, they tried to backdated.
it would be ugly. this was an overreaction, he campaigned on i am joe biden and i will raise your taxes, that was clear when he was running for president. the issue, 3.4% to set the market down, their handle over it and compromise, each side has victory to say we got it down here, we gave back on this. i'm curious because -- stuart: i knew it. that is what everybody is saying. >> if they reinstate it, what they are doing is helping all the wealthy people with what they are going after. i don't see them reinstating
salt but the big democratic donors are screaming and yelling saying what are you doing? it will be an interesting fight. stuart: i've got something for you a little later. i want to alert the audience next tuesday senator elizabeth warren will be hosting a subcommittee hearing on taxes. here's the two. i will be hosting a subcommittee hearing about our rigged tax system, the one% likely on cooper, have the fair share, but abigail disney disagrees and she will join me tuesday of next week. leon cooperman is a well-known wall street investor who has made a lot of money. and call it disingenuous. you don't want to be a punching bag for socialists. bitcoin plunged below bitcoin,
47,000 that one point -- >> i am waiting for below 42 going. 47,000 and change. stuart: you said you were willing to go below 50. >> it is a lower entry point you can look at. i told you this points at the lower level at 50,$000 because bitcoin has been down 7 of 8 days and some of those positions, options expiring about $1.5 billion of bitcoin options expiring today, those are above 64,000 to make a profit, at least $350 million, 20% bear market already. a good reminder the prices go down but they come down quickly as well. volatility, we have to stomach that. we one how much in profits? >> at least $350 million.
it is embodied -- >> to avoid a doubling of the tech capital gains tax rate. stuart: it affects everything. i know you are still there. are you surprised by bitcoin's plunge or dogecoin going to $0.22. >> i call it doggie coin. i'm not surprised at all. it has an unlimited supply unlike some of these other cryptos. that is number one. number 2, it was created a farce in 2013. the fact that you've got people like elon musk screaming about it where they don't have anything to lose in that fight. meanwhile, people who have stuff to lose, doggie coin is going lower, with all this excitement coming home to roost
as some of these coins readjust but i think doggie coin is just that, a dog. stuart: check your email or your twitter feed because he will get some hostility for saying that. great to see you. >> you and i are the same age. stuart: see you next week, good luck. check is futures again, 19 minutes to the opening of the market, so far today. joe biden, it is clear the far left is in charge. bernie sanders and aoc running the show. that is what i will be saying at the top of the 11:00 show. bernie is the president, aoc the vp. congressman jones think there is no reasonable argument for republicans to oppose statehood for the district of columbia. watch this. >> i have had enough of my
colleagues's racist insinuations that somehow the people of washington dc are incapable or even unworthy of our democracy. stuart: why does everything have to be about race? congressman greg steube response to that in just a bit. e what a ride! i invested in invesco qqq a fund that invests in the innovators of the nasdaq-100 like you become an agent of innovation with invesco qqq we started with computers. we didn't stop at computers. we didn't stop at storage or cloud. we kept going.
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happening right now president biden is about to speak at the climate summit, the virtual event attended by 40 world leaders. he will speak a little later. if there is any news from that event other than the chinese laughing at us we will bring it to you. also happening today the cdc will meet to discuss whether johnson & johnson's vaccinations will resume. is it possible, likely we get a decision today? >> likely, they are leaning towards lifting the recommended pause on the j&j vaccine. they will consider attaching a warning label. the 5-member cdc board will have to take into account the new case of a woman in her 50s dying in organ -- oregon after she received the j&j vaccine, the tenth person to have this rare reaction, complications are very rare, fewer than one in 1 million according to the
doctors have gotten these blood clotting issues and the cases are not surging according to their folks. look like reinstatement might take place later today. stuart: the trouble is maybe some damage has been done, people getting worried about taking this regardless of the reinstatement but j&j is at 165. the house past a bill to make dc the 50 first state. during the debate democrat congresswoman -- congressman jones accused republicans of being against statehood because of race. watch this again. >> i have had enough of my colleagues's racist insinuations that somehow the people of washington dc are incapable or even unworthy of our democracy. one of my house republicans colleagues said dc shouldn't be a state because the district doesn't have a landfill. my goodness, with all the racist trash my colleagues have
brought to this debate i can see why they are worried about having a place to put it. stuart: let's bring in greg steube, republican congressman from the great state of florida. general question to start with. why is everything about race these days? >> democrats can't beat republicans on the fact or the constitution, they have to throw racism into it to emotionalize the argument. look what republicans are doing in georgia to protect the integrity of voting. we want to protect law-enforcement officers by ensuring they have protective equipment, that is racist. trump banning travel from wuhan china, that was enough public and racist. when they can't beat us on the fact they can't beat us on the constitution it goes to racism which is completely absurd to say that we -- democrats trying to bring the state of dc and make it estate when it is very
clear in the constitution that the area of the district of columbia was set apart by the framers of the constitution to ensure that it wasn't estate and the land came from maryland. of democrats cared about representation of the people that live there, give a portion of the property back to the state that it came from in maryland but it is all political. they want two more democratic senators and another vote in the house that would be a democrat. stuart: we understand that. i don't think it is going anywhere because i don't think you can legislate dc becoming a state. you've got to change the constitution for that at least that is the way i see it. >> you need two thirds in the house and senate, you need to change the constitution in order to do that. democrats are arguing you need a civil majority in the house and senate. luckily we have a filibuster in the senate that will hopefully keep this at bay. stuart: hopefully. this is just coming to us. florida's supreme court will
not allow recreational marijuana in florida. you are a florida congressman, what is your response? >> it additional marijuana, i read the court's opinion and they believe the wording of the ballot initiative is misleading and the signatures that were already garnered for that specific language of that amendment will be tossed out and will start all over again. he they have to start with new language approved by the florida supreme court and get the signatures required before the deadline and that is not going to happen this year. stuart: what about the medical marijuana dispensaries, do they go away? surely not. >> the medicinal marijuana program in florida is not only in the constitution. it was passed by ballot initiative authorizing language, that is not going away and not long ago the
legislature changed to allow smokesables. stuart: i you disappointed you don't have recreational marijuana in florida soon? >> i don't support recreational marijuana. i support medicinal marijuana. if we treat it as medicine it needs to be treated that way. stuart: thanks for joining us. now this. the sixth batch of those $1,400 stimulus checks are being sent out. that means a total of 161 million payments of gone out totaling $379 billion and here comes the money. 8 minutes before the market opens up for the nasdaq slightly down for the dow. the hot topic of the day, the president wants to raise the capital gains tax almost doubling it to 43% from rich people, that is a devastating move for stocks. he is back, he is here, he is
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investors, the possible doubling of the capital gains tax rates, do you use the word devastating to describe the impact on stocks. >> all use the word devastating and silly, the silliest notions i've seen in a long time to take the capital gains rate in the united states to the highest level of the industrialized world, it is a signal the far left of the democratic party is in control. there are no more moderates left, no more conservative democrats left. this is a bad decision. let us hope it is a bargaining chip putting credit into the middle 30s and low 30s but you have to admit this is not a good sign for the economy or the stock market.
stuart: let's hope we don't backdate it to january 1st in which there is no escape. bill clinton did that in the 1990s. >> it has been done before. it is on the table. let us hope it does not come off the table and hope it falls off the table and falls into a puddle somewhere. stuart: i read your stuff, you know that. you believe we are nearing the end of the bull run. what is your evidence for that? >> there are a couple things. public participation in the stock market in the last 10% of the stock market, that is where the public comes in. an interesting article on the front page of the wall street journal of small speculators who lost substantive amount of money, how much they ended up losing, the public, that bothers me. good bull markets go up on strong volume and fall on weak volume and what we are seeing the last couple weeks, to big volume in rallies and technical circumstance called painting
the tape, the broad indices, something peculiar to the end of the bull market so you have to be careful. ill-advised for me to say this is the end of the bull run but taking money off the table as the chairman, i moved 3% of our endowment out of stocks at the end of february, early march, so far that has proven to be marginally wise. we will see if it continues to be materially wise over time but i'm concerned about stock prices at this level. stuart: we will see if you have still got the job. thank you, appreciate you being here. 40 seconds to go, it is friday. futures on screen right now, not giving us a clear indication how the market is
going to go. we open higher for the nasdaq, big tech looks like it will be doing okay. other than that it is hard to say. any day of the week, not necessarily the way the market closes. we have all kinds of stuff going on between "the opening bell" and closing bell or held can break loose. it is 9:30, friday morning, up and running slightly lower. the dow is up 3 points, dead flat, i will call it that. the s&p has opened and we are up 5 points. i call that pretty much flat. the nasdaq composite is up and running, one third of one%. look at big tech, i presume it is doing reasonably well. one thing to remember, they report big names, big tech most
of them are next week especially apple. >> apple on the 20 eighth, amazon, facebook. stuart: you are in a walk-up period walking to the big names of technology which will be paramount importance for this market. >> the first 3 months of this year will be right for them, the carryforward with remote work. stuart: it is not okay and wonderful, watch out. we have a big name reporting today starting with american express, it showed a strong recovery but here is the big deal, revenue dropped 10%, stock is down 3.8%. mattel, nice stock gain up 7%, their sales soared 47%. parents used stimulus checks to buy more toys and the company looked to the future, gave us their outlook and sales and revenue out another 6% to 8%,
7% gain for mattel. >> barbie and hot wheels sold very well during the lockdown to keep kids entertained while you were working on zoom. stuart: here is something i don't know anything about but susan does, we are going to talk snapper. >> look at that gain. a few years ago with that failed apps redesign, they were going to leave and go elsewhere. ending the court with 280 million daily active users, that is a lot, 100 million more than twitter. they are breaking even, but that is not how you growth social media companies, no more than iphone users for the first time and ceo and founder dennis steagall for the social media apps. stuart: 280 million daily active users.
>> they used to excuse younger with the ephemeral messages but they were copied a lot by instagram, too much of that. stuart: show me intel, first-quarter earnings slight drop from last year. the new ceo announcing a turnaround, $20 billion investment in new chip plants in america. that drop in revenue, dow stock. >> the thing with intel, $20 billion investment upcoming but the thing is with intel they upgrade their forecast for the year. people are going to their legacy service business, more innovative.
stuart: kimberly-clark, huggies diapers, earnings report, >> weaker than anticipated sales for the first quarter of the year, forecast week for 2021. a number of challenges talking about supply chain issues and higher input costs which we have been talking about. that is real inflation. inflation is no longer a term but it is higher prices and kimberly-clark, they are stockpiling as the pandemic, fear of a shortage of toilet paper, paper towels and kleenex. stuart: go for the toilet paper, pandemics, always happens. boston beer, first-quarter pretty strong.
there seltzer, hard seltzer is -- truly did very well but i thought they were facing a lot of competition. >> talked about the battle for shelf space among the hard seltzer brands but they are led by that lemonade hard seltzer, the expansion of the margins, that is why they beat easily, they crushed forecast and estimates. stuart: they are nowhere near $1,000 a share. in my day they used to split the stock. >> they by fractional shares. stuart: the dow winners, these
are the best winners, the s&p 500 headed by i can't even read it. >> deal merger news. $66 a share. let's read them off. microchip, tech and maximum. >> it is $2.4 billion deal they are involved in. stuart: spotify is moving. i know what spotify does, they are up 4%. >> jeffries is calling me, and upgrade of $360, $100 on this stock 40% up, the reason is
pushing into exclusive contacts like podcasts, they are calling it indispensable. stuart: could i call it streaming audio? that is what spotify is. >> the video killed the radio star, spotify or podcasts, you can't find an audience. stuart: we need a drum roll for this particular story. microsoft initiated as a by and outperform research. >> instead of you looking at where microsoft is worth $290, the reason is cloud, return to work, window sales.
american airlines. only $20 a share. stuart: it is friday feedback coming your way. if i was allowed to pick just one beatles song which one would it be? stick around for another three hours to find out at the end of the show. have a guess. stay tuned at the end of the show. one mother in georgia you can tell this, is absolutely fed up with her kids having to wear masks in school. this is just part of the tape, roll it. >> forcing 5, 6, 7, 8 and 9-year-old little children to cover their noses and mouths of where they breathe for 7 hours a day every day for the last 9
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stuart: in the wake of the deadly tesla crash in texas consumer reports ran a test drive using the autopilot teacher. >> they found a way to trick the tesla self driving mode without anybody in the drivers seat so they tested it this week and found it could drive without anybody in the drivers seat or hands on the steering wheel after the crash near houston, texas the past weekend
killing two with the car driving itself and nobody in the drivers seat. one was in the passenger seat, what was in the back, tesla cars are different from other cars like bmws and subarus, they used camera based and assisted systems, in the head position where tesla only based it on the steering wheel. that is the problem. stuart: the market is not -- i see how that would be a problem. big tech reports in new york, our tech guy reports, let me put my $0.02 worth in. looking for a magic number. what is the most important numbers? i think it might be digital advertising revenue at facebook, amazon and google.
what do you say? >> looking to see how digital ads are performing, google, youtube doing well to see what is going on in cloud service on the google side, amazon is in the ad business, $14.1 billion in ads, with ad revenue but also people looking at their cloud revenue and facebook looking at their ads and subscriber growth and russell looking to see what they will do with -- >> are you looking for blockbuster profits for all the big tech company, is that going to happen? >> they done well in the pandemic and post pandemic growth, and a lot of interaction at home and i don't think that will change the behavior. stuart: apple at 135-146. where do you see apple going by the end of this year.
>> apple hitting 170, the service business doing really well as we open a lineup of iphones. it is shifting a lot of gains, you saw the new imacs pop-up and services in terms of podcast, a lot of growth opportunity and hardware being put out. they are able to pull those off. stuart: 132 on apple going to 170. let's look at facebook, facebook in the low 300s, 298. where do you see facebook going? >> 320. a lot of growth, continuous lockdown so international growth is where we will see expansion, vr glasses are going, the payment options i was talking about starting to push into the local market,
facebook and google going after amazon with more local options. stuart: i want to talk crypto for a moment, is there any significance in dogecoin. $0.21 per coin right now, $0.42, $0.21 now. >> cryptos are under attack. this is a retail investment plan they will biden dogecoin, they will buy bitcoin, they will go after red bull, these are smart contracts. business-to-business transactions, more coins will pop up, they will be related to how smart contracts and businesses work with each other. dogecoin is fun and
interesting, what is happening with retail investors versus institutional investors. stuart: thanks for joining us, see you again soon. space x launched its third crew to the international space station, the third time in under a year. watch the launch. >> 4, 3, 2, one, 0. ignition and lift off. godspeed endeavor and crew 2. >> copy, one out for. stuart: i always wanted to go to the launch of a major space rocket but never been. i would like to go at night and see a night launch. that was a reusable -- >> for the first time are using both the rocket and our capsule for this mission and surpassing the total number of astronauts
launched to space under the mercury program that began in 1958. space x has launched more astronauts into space than the mercury program which you remember in the 50s. incredible. that reusable rocket call i still love you coming back down to earth on to that drone ship bringing down the cost of private space travel so elon musk ask space x way ahead of everyone else including those billion dollar contract, sent 10 astronauts into space in the past year,. origin, jeff bezos's space venture targeting to do that sometime this year. he blown -- stuart: republicans will not go along with the president's climate initiatives but john kerry knows how to ram through the green agenda. watch this. >> how can you realistically make this pledge to the rest of the world when there is no guarantee that republicans will
get on board? >> the plan is executable in this executive order. stuart: they are radically changing the whole country with the stroke of a pen. we have more on that in a moment. people have been cooped up in their homes ready to enjoy a vacation. problem is demand for vacation rentals outstrips supply. we will tell you about that in a moment. ♪♪ ♪♪ hey, guys! they have customized solutions to help our family's special needs... giving us confidence in our future... ...and in kevin's. voya. well planned. well invested. well protected. the lexus es, now available with all-wheel drive. this rain is bananas. lease the 2021 es 250 all-wheel drive for $339 a month for 39 months.
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>> nothing available. we are in springlake, new jersey, local realtors tell us this beachfront community has 12 homes. almost all of them are rented. 11 left with availability for this summer. >> it has been absolutely -- outside the book. and 30,$000 a week. >> 35,$000 a week on a home. they are big and beautiful with gorgeous views. and 20% more, cave causing a
surge in demand, and some properties are fetching what they used to. a lot of this demand driven by that but limited inventory because people who own the home are staying in them because now we can work from virtually anywhere. stuart: you are right. if you own the home you might not be renting it out because you're staying there. thanks very much. still ahead on this program tammy bruce, jason rance, steve hilton and the governor of alaska, get ready for the governor to be all over you if president biden's green push makes it across the finish line. the theme of my take, next. you can spend your life in boxing or any other business, but one day, you're gonna take a hit you didn't see coming.
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♪ let's get started, let's get it started in here ♪♪ stuart: yeah. let's get it started. 10:00 eastern, it is friday morning. straight to your money, please. right now the dow industrials up 37, and the nasdaq, nice gain there, it's up nearly 100 points. i should point out that the yield on the 10-year treasury dropping about 1.55% as we speak. that's good news for the nasdaq. and this, in april manufacturing activity hit the highest level in 14 years. i have to believe that's got something to do with the green on the market this morning. now, bitcoin making big news
earlier to. at one stage it dropped to $47,000 a coin. right now your at $49,100. just got something that's very important for the real estate market, which is booming, by the way. the latest on new home sales, what have we got? susan: it's a big number. it's above one million. from what i see, 1,201,000. stuart: good lord, that's huge. susan: that's higher than the 800,000 figure economists were forecasting. a 20% increase year-over-year -- stuart: that's an annualized rate, selling more than one million new homes every year. susan: that's correct. stuart: more than a million. susan: yes. compare that to existing home sales which makes up the bulk of the market. yesterday we had the second straight monthly decline, but prices rose close to records and the reason is lack of supply, right? stuart: absolutely.
got it. just not enough homes for sale on the market. i heard a crazy statistic yesterday that there are more realtors in america right now than there are homes for sale. now, that's anecdotal, but it would be incredible, if true. some reaction to that news on new home sales. now this. president biden demands a 50% cut in america's co2 emissions. what does that mean to you and the way you live? for a moment just forget the cost, forget who pays what. concentrate on how your life will change. watch out. if this thing goes through, you're going to feel it, and you're probably not going to like it. for now, i'm going to zero in on, just on your house. i'm just looking at one aspect of your life. six out of ten americans own the home in which they live, so these proposals affect way more than half of us. for a start, you're going to have to endure a government
inspection. your house will be rated for its energy efficiency and energy use. you are going to have to let the inspector into your house. who cares about privacy when you're trying to save the planet. they'll poke into every corner of your home. you will not be allowed to keep them out. got that? you got a gas stove? change it. nat gas is a fossil fuel. you use home heating oil? forget about it. and all those wood stoves that heat so many homes in vermont? better check with bernie to see if you can get an exemption. insulation, improve it. windows, oh, you really should get double glazing. and you'd better upgrade your grid connection, because the electric car you're going to have to buy will need a lot of electricity. oh, and if you don't do all the inspector demands, then there'll be penalties. you certainly won't be able to sell a home that's not been brought up to aoc's climate code. see where we're going here?
the government is going to be all over you. and eve not even started on your job, your office, your building. the gas station? good-bye. the local power plant, everything changes. so far the debate has been about the astronomical cost on the economic disruption. i think we should take a close look at what it means to us personally. it is gross government intrusion into every day, every part of our lives. dare i say it? it is un-american. second hour of "varney & company" about to begin. ♪ ♪ stuart: tammy bruce -- [laughter] without for it, here come the inspectors. look, what gets me about all of this is the intrusion. i mean, they're just going to come barging into your house. you're going to have to fill out forms. it drives me nuts, or tammy. get me out of this. say something.
>> well, i'm not going to get you out of it. it should drive you nuts. it's a great message for your audience because the left always wraps their intrusion and their larger issue of controlling you in something noble. something large and something romantic. and this fits that bill. that's what so-called climate change has always been. it gives them an excuse to become that overwhelming totalitarian guard because, of course, we're all infants, and we we don't know how to run our lives. those things are already happening in new york. the building i live in as a renter has a score. of course, the building owners are going to have to deal with that, and my building's ancient. it's one of those old new york buildings. we already see this. what they want to do is make the nation california. now, californians are shuddering because they're trying to reverse what's happened. but just look at california and decide if that kind of chaos is what everyone here in the country wants.
it has not worked. it has turned into a surveillance state, effectively. the government has to approve what you want to do in san francisco. you can't have a fireplace, you can't do a barbecue because of the smoke. and, by the way, for those charging stations you're going to need for those electric cars, good luck getting electricity also for that electric stove because of the war on coal. so there's going to be no coal. and i don't know, maybe the left doesn't know that electricity comes from coal. they're going to find out. but this is really an excuse, and you stated it perfectly, stu, that this is really about going into every aspect of our lives. and they're also trying to use covid to do that at this point. we are resisting, and we must continue to resist. stuart: two points. first of all, caitlin jenner has just announced she's running for the governorship of california. i'm in, says caitlin jenner. of and secondly, congratulations, tammy. you're a star. i understand that you're going to be taking over next week 7 p.m. eastern on the fox news
channel. >> yes, sir. thank you very much. so all next week at 7 p.m. i get that hour. it'll probably be -- i don't know, maybe the last time the network allows me to take over the network for an hour. but i'm really looking forward to it. i've been with the network for 16 years. you, sir, have been so kind to me during this entire process, and i, and you've taught me a lot, and i really, really appreciate that. it's very, very exciting. and, you know, probably talking about california. and i want everybody to run. i want -- that's what we did when we recalled gray davis. you know, 64 people ran for governor. and it was a fabulous experience. participation in the process and, hopefully, the california people will choose a better person to get that state back on her feet. stuart: you've done us proud, tammy. congratulations. see you again soon, i hope. sure thing. >> thank you, sir. stuart: bitcoin, $49,000 a coin. okay, got that.
jonathan hoenig, it's friday morning, here comes jonathan. there is the lad himself. look, bitcoin plunged, i think it was down about 47,000 earlier today, and dogecoin, that thing was at 42 cents per coin on monday, it's 21 cents right now, okay? you want to make any comment on this, jonathan? >> yeah. you were talking about this, stuart -- great to see you. one week ago that dogecoin, dodge coin, dog coin, whatever you want to call it, it was basically 100% higher. down 50% in just a week, and bitcoin was 60,000 a coin last week when we talked about it. coinbase, remember, that was the big, new ipo, that cryptocurrency exchange. it yesterday was at a new low since its ipo to. stuart, i'm seeing a lot of warning signs, some canaries in the coal mine, if you will, and lots of risk out there despite the fact that most americans are taking more risk really than
they have in years. citigroup has an interesting statistic out now that shows the average household equity exposure meaning the percentage of the average american portfolio to stocks is at the highest point now since the 1970s. it all makes me think of my high school hockey coach, stuart, who said that the best offense is a good defense. i think that's the game most people should be playing right now. stuart: well, what's the defensive play? how do you play this market, your money? how do you play defensively? tell me. >> i'm selling short, stuart, but for most americans i think that means avoiding a lot of that risk, things like cryptocurrencies,ing things like tech stocks, things like equities in jerk. and certainly -- in general. certainly given the macroeconomic land scape, joe biden is tax and spend. democrats at one point tried to hide that they were tax and spend. and when i listened to that capital gains tax proposal if yesterday, stuart, you know,
capital gains is a double tax. explicitly a double tax. the tax on jobs, it's a tax on innovation, it's a tax on the stock market explicitly. i think that's one to of the reasons you saw stocks sell off so sharply yesterday, and one of the reasons despite the fact that stocks are up today, selling short or at least avoiding risk probably a good bet moving forward in 2021. stuart: i'll tell you right now, jonathan hoenig, i am not selling microsoft until i see their profit report next week or the week after, whenever it comes. am i okay with that in. >> stuart, ultimately it's about ourselves when it comes to our own individual investment decisions. microsoft is certainly one to watch. it's been on a tear, but it's certainly going to be affected if capital gains go up bigtime. stuart: i'll have the manage the capital gains tax rate somehow or other. jonathan, you're all right. thanks for joining us. >> take care. stuart: now, you had --
susan: microsoft is reporting on tuesday, and analysts are expecting a killer quarter. i think you're fine. [laughter] stuart: okay. i'll take your advice on that one. skyworks, up 4%, silicon laboratories, up 10%. susan: yeah. one of the leading performers, today, the infrastructure and automotive -- $2.75 billion in cash, which i was surprised for. makes chips. i think they supply apple, from my recent memory. now, this also mean that skyworks will get into 5g and electric cars as well. win/win for both. check out harley davidson getting a downgrade from morgan stanley to underweight, only worth $38 so you're going to lose $10 from here. it's expensive after it hit a three-year high, and investors are underappreciating the challenges ahead. sketchers, you know what they are, right? have you ever bought a pair? am i asking the wrong --
stuart: oh, that's a type of shoe. it's not a shoe store -- susan: it's a brand. mostly for teenagers and high schoolers, but they beat on top and bottom lines. strong overseas sales helping. and finally, honeywell, better sales, better profit. aerospace sales were down, strength and productivity in safety, but here's a problem -- and this is something that we hear over and over again so far this season -- inflation. higher input costs. hopny saying -- honeywell saying there will be substantial inflation. higher prices are here. stuart: yes. procter & gamble made that clear. maybe raising prices in september -- susan: diapers, that's right, personal goods. stuart: thank you, susan. all right. one mom has really, really had enough with the school forcing her children to wear masks in the classroom. watch this, please. >> every month i come here and i hear the same thing,
social-emotional health. this is not march 2020 anymore, and it's time. take these masks off of my child. stuart: all right. we'll have much more of her impassioned message to the local school board just ahead for you. is black lives matter the best behaved social movement in history? paul krugman of "the new york times" thinks so. since when is burning businesses to the ground good behavior? we would like to ask the good professor. first, though, seattle's jason rants reporting on a vaccination site denying jabs if you're white. we've got that story next. ♪ ♪ you packed a record 1.1 trillion transistors into this chip
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act now! ♪ stuart: plenty of green. factory, manufacturing reached a 14-year high in april, or was it march? i'm not sure -- susan: april, yeah. stuart: april. that's a big deal, and that's helping the market this morning. plenty of green and a 115-point gain for the nasdaq composite. as for amazon, interesting thing here. they're testing a tool for some brands so they can communicate with shoppers directly. now, this is something that has been prohibited by amazon unless it's related specifically to a single customer order. this comes as amazon faces increasing competition from the likes of spotify. susan: shopify. stuart: sorry. you're right, shopify, that's what it is. show me j&j, please.
the cdc could decide today if the vaccination process using the j&j vaccine will resume. the likely decision comes today. now this, vaccine hesitancy, that's hurting west virginia's rollout. it's now ranked 42nd in the country. grady trimble's there. what are officials doing to convince more people to get the jab, grady? >> reporter: stuart, a lot of outreach the people who might be skeptical. we're in huntington the, west virginia. they're not dealing with as much of that hesitancy as other parts of the state, but in some parts of west virginia there is more supply of the vaccine than there is demand. they have the shots, but they don't have the arms to put it it into. i'm joined by dr. michael kilkenney, you are leading the health department here, and you are starting to get concerned that people might not want the shot. what message do you send to them? >> we've got a couple of good reasons to get the shot. one is to protect your elderly parents and grandparents who can
even get the illness after they've been vaccinated. the best way to reduce that is to not take it to them. get your vaccine for them. get your vaccine for your kids who are not eligible to take the vaccine. and if we want business as usual, we're going to have to have enough vaccinations to reengage and to get back to that state. >> reporter: i want to ask you about the j&j advantage seen. it's currently -- vaccine. it's currently paused. that vaccine in particular is extremely useful for you for people who might be home bound or hard to reach because it's only one shot. >> yeah. of we have people that are home bound that benefit from that. we have people who are not available for a second shot, and so it's really available for them. and it has the advantage of full
vaccination effect after just two weeks in one shot, so a lot of people want that shot. we just want to make sure that it's safe. we want the acip to do their due diligence, we want them to make the decision that's right and safe for people because we've got of safe and effective vaccines, and we need the confidence of everybody in those. >> reporter: so as we await that decision, stuart, the governor here in west virginia said as soon as 70% of people have at least windows of the vaccine in their arms -- one dose of vaccine in their arms, that's when they can lift the indoor mask mandate. but he as also said as many as 40% of the people in this state are hesitant. they're trying to get to that 70% mark. stu the.-- stu? stuart: got it. thanks, grady. look at this. if you are not black, indigenous
or a person of color, you have to wait to get an appointment. jason rantz is with us. this is your story. i want you to take us all the way through. >> so the washington state department of health effectively allows providers to deny white people access to vaccine and their appointments at least in a race exclusionary process. now, the doh is arguing that people of color suffer health care inequities and that racism is a stressor that leads to a less healthy life. which puts minority communities at an increased risk of dealing with covid consequences. and so one example is what you just showed. the african-american reach and teach help ministry, it's a nonprofit based not far from seattle, they're a provider that denies white people the ability to sign up for some of the many open spots online that they have available right now. what that means is a 70-year-old
white cancer survivor who has diabetes or two co-morbidities that puts them at an increased risk of death if they were to get covid, they are told no for an open vaccine appointment, and someone who is, say, a 24-year-old healthy, fit african-american or latino, they would be told, yes, you can, in fact, come in. that obviously is not about equity, that is about making a white person who is at clearly an increased risk of death from covid put at a disadvantage. stuart: i would imagine that there would be some outrage expressed at this locally. have there been any outrage expressed? >> no, they're defending it. doh won't even directly tell me whether or not this is legal. many, many, many times i've asked them, this even legal? they just won't answer that question. and from the nonprofit's perspective, they're saying, hey, look, we were told that we have to get into commitments of color and make sure --
communities of color and make sure that they're getting the shot. the fact of the matter is, there are ways to get into communities of color that are not race exclusionary. i reached out to the city of seattle to see how they do it. they don't even do it this way. they even think this goes too far, and that's saying something. normally, this is something that we would expect out of the city of seattle, and they're rejecting this awe approach. and they're right. this is racism. you can't tell me this is the about equity and opening barriers when you're literally creating them for people on the basis of skin color. that's wrong. stuart: you realize, jason, if you were to say that, if you were to criticize this particular questionnaire, you would be called a racist, and that is the end of the argument because you can't -- >> i have been, stuart. believe me, i've been called that as a result of this story. it's ridiculous. stuart: yes, it is. and we thank you very much for sharing it with us. jason rapt, that's an original
piece of reporting. thank you very much. >> appreciate it. stuart: i'm going to change the subject. don't call it a crisis. that's what politico is telling certain staffers about the border. don't do that. of course, they've used the word crisis for all kinds of things in the past, but not the border. first, though, president biden pledging to take big action on the climate. what exactly can he do, and how will it affect you? we're going to answer those questions after this. ♪ ♪ i've got the power. ♪ ♪ why do you build me up ♪ ♪ (build me up) ♪ ♪ buttercup, baby ♪ ♪ just to let me down ♪ ♪ (let me down) ♪ ♪ and mess me around ♪
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♪ stuart: the dow has now turned positive. plenty of green over there, up 109 points for the nasdaq can, and the dow is up 54. s&p at 4,154. not a bad rally. pinterest -- susan: photos. stuart: credit suisse has raised their target price to $97 a share. that's where they think it's going. it's up 3%, probably on that news today. john kerry says quitedden
can fulfill -- president biden can fulfill a lot of his climate change pledges through executive orders. i want to bring in daniel turner. what can -- i want you to spell it out for me, daniel. what exactly can the president do with executive orders on climate? >> well, you have to remember that when the green new deal was in the senate last congress, it was voted against 57-0. even senator markey, who's the cosponsor of the green new deal, voted against it. so they know there is no action in congress, there is no will of the american people. as you said in your monologue at the top of the hour, this is a huge infringement on individual rights, private property, etc., and congress will not survive this vote. so that is why they have to use the executive action of the president. and they will try to do things like fuel standards. they will try to mandate the greening of housing and infrastructure like you talked about. they will do this through either executive orders or through the
department of interior, epa, etc. and all of this is going to make life very, very expensive for the average american. stuart: so let me get this clear, i'm really hot under the collar about forced home inspections. i mean, i don't want a government inspectorrer prodding around my house and telling me what i gotta doment i just don't want that. can you have an executive order that forces me to submit to a home inspection? >> god, i hope not. but look at the executive order of canceling the keystone pipeline, right? this is a private company that went through all the necessary hurdles, got all their permissions, and one president comes in and cancels it. and there's been very little pushback. now, finally, some republican attorney generals have filed suit, but if you're a keystone pipeline worker, it's been months without a paycheck. so i hope there's some on the republican side. i don't always see it when it comes to these executive orders. we lived through eight years of
the obama administration with multiple orders from the epa. look at the war on coal that cost 50,000 coal jobs. very little pushback. so they're going to try, but people have to resist. there used to be a resistance movement against trump? well, we need another movement for our own private property, for our rights and for the well-being of our communities and families. stuart: you are right, sir. absolutely right. i mean, the idea of an inspector telling me what i gotta do with my private property on the grounds of saving the planet, i can throw up. but thanks -- >> absolutely. stuart: may be a little strong -- >> no, not strong at all. stuart: thanks for being with us. this is important stuff. this is america, after all. come back soon, young man. see you later. >> thank you. stuart: how about this one for you? professor paul krugman, new york times, nobel prize winner, for heaven sake, paul krugman says republicans are making up the violent riots that we have seen over the past few years.
come on in, ashley. good morning to you. has he been seeing the same video that we've been showing on our air? [laughter] ashley: apparently not. but let's not forget, stu, this is the same man who predicted a global recession if donald trump became president. well, he may have won a nobel prides, but it certainly -- prize if, but it certainly wasn't for accuracy. krugman chiding republicans on twitter for only being concerned about illegal immigration and the deficit. that's in comparison to democrats who, among other issues he says, are more worried about gun violence, racism and climate change. as for black lives matter, he tweeted this: yes, there were bad actors. there are always bad actors in any situation but not many. the idea that our big cities were under threat is pure malevolent fantasy. blm may have been the best behaved protest movement in history. what? he went on to say that gop supporters believe the ramp
packaging -- rampaging mobs burped and looted major -- burned and looted major cities somehow without people living in those cities really noticing. really? of course, he failed to mention the 18 deaths and nearly $2 billion in property damage in cities across the country that resulted from all that unrest. that says it all, does it not, stu? just that video. stuart: yes. and i'm not going to add to it, because my head will explode. there's another one for you -- [laughter] politico reportedly telling sop of its staffers, hey, don't refer to it as a border crisis. fair enough. but i distinctly remember, ash, they referred to police brutal the city as in crisis mode, didn't they? >> they certainly did, and other things. but when it comes to reporting about the massive inin addition of migrants at the southern border, staff at "the politico" were actually instructed to, quote, avoid referring to the present situation as a crisis although we may quote others
using that language while providing context. while the sharp increase in the arrival of unaccompanieded minors is a problem for border officials, a political challenge for the biden administration, oh, okay, and a dire situation for many migrants who make the journey, it does not fit the dictionary definition of a crisis. i myself looked up crisis in the merriam-webster dictionary, no relation, unfortunately, and one of the definitions says a situation that has reached a critical phase. i'd say that fits the border surge pretty well. but politico is not adverse, as you say, stu, to using the word crisis. they use it a lot. check out these headlines. in october 2020, the next economic crisis, empty retail space. june of last year, amid national crisis on police brutality and racism, congress flails. and in april, this month, just last week, u.s./china agree to cooperate on climate crisis with
urgency. the white house continues to claim the word crisis does not apply to the border situation although both joe biden and spokeswoman jen psaki have used it, but apparently by mistake. [laughter] stu. stuart: very good. very good, ash. good stuff right there, young man. good stuff. [laughter] senator warnock, democrat, georgia, he just got into congress. now he's got a challenge orer, because he's got to face an election again in 2022, and he does have a challenger. the republican going against him, calvin klein joins us in our next hour. wedding bells, we hear they are ringing off the hook. the ceo of the knot worldwide is calling it the year of the afterparty. that's interesting. he's here with insight on the wedding industry after this. ♪♪ just say i do.
♪ going to the chapel, and we're g to get married -- stuart: you know, our producers are pretty good. we're talking about weddings here, and you're looking at what is supposed to be the marriage capital of the world. that would be las vegas. all right. it is wedding season, and who better to talk about it than the ceo of the knot worldwide. his name is tim, and he joins us now. i don't get it, tim, with restrictions still in the place, you know, capacity and mask wearing, all that kind of thing, are bookings up that much with those restrictions in place? >> well, yeah, stuart. so as a reminder quick, the knot worldwide, we have properties all over the world, so we're able to track using data and sentiments what's going on. and you're right, we're seeing a lot of green shoots right now in
the u.s. and u.k. markets. the strong vaccine rollout coupled with, you know, the innate desire to want to see family and friends, we're predicting a strong boom in late summer and into fall for weddings this year. stuart: okay. so it's just winding up now at this moment. now, what's this about this is going to be the year of the afterparty. is that otherwise known as a reception? >> well, yeah. so if we just back up, what happened in 2020, you know, we saw about 50, 60% dislocation of weddings, right? a lot of couples were trying to figure out with all the restrictions if they could even have a wedding or not. most postponed. and what we ended up seeing happening was there's a lot of folks that did get married. they call it a mini-mony, and they're now planning an anniversary reception. everyone still wants to have that big celebration with friends and family, and they were planning to do so as soon as it was safe. stuart: i thought that the
wedding bids, i know it's profitable and doing well, but when fewer and fewer people actually get makers i thought that was a big hit on the wedding business. am i right or wrong or what? >> no, we're still seeing all of that hold very, very steady. in fact, the number of weddings, you know, slight decline, but overall still relatively big. the broader theme still is that people want to celebrate with friends and family, have have that big day, and it's still a very special moment in everyone's life. stuart: can you tell me what is the average cost of a wedding in america today? >> yeah. it's, well, it's $28,000, the average cost of a wedding in the u.s. that number has stayed relatively stable as well. you know, with covid happening, obviously, and restrictions in place, we -- people sort of cut down on their wedding size as they needed to conform with guidelines, but we're really expecting all of that to bounce right back later this year. stuart: do americans put on the most expensive weddings in the
world? tell me. >> you know, they're up there, for sure. you know, weddings in india also are, we have a property in india, they're also very, you know, a lot of money spent on weddings as well. universally i'd say all the countries we operate, weddings are a big deal. people do spend quite a bit. stuart: you don't organize weddings, do you? you justing track them, is that it? >> yeah. we're actually, you know, the leading online marketplace for couples, and we really focus on providing all of the tools, end to end tools you need to plan and execute your wedding. we don't actually do them for you, but we have all of the vendors available, we have registries, we have -- you can buy, we launched a new knot paper products in 2020 where you can buy all your invitations and stationery. so we're here to make that day very unique and special for every single couple in the world.
stuart: change your language, tim. don't say you execute the wedding. for heaven sake, man -- [laughter] you plan it, you develop it -- >> we help every couple in the world plan and celebrate a day and make it uniquely their own. stuart: what a guy. tim chi, the knot worldwide. come and see us again soon. thank you, tim, appreciate it. >> good to see you, stu. stuart: next case, the governor of michigan, gretchen whitmer, a democrat, leaving in place capacity restrictions. they were supposed to expire this week. jeff flock is in michigan. he joins us now. i have no idea what he's going to say, he's got that look on his face. i'm going to bet that the people of michigan are not happy about these restrictions. tell me. >> reporter: on rare occasion, mr. varney, you are correct. and this is one of them, by golly, yes. particularly here in western georgia. you know, we're so far away from detroit and the area where there's some spikes in coronavirus cases. this is a resort area: no problems here but still -- i
don't want to say they're in lockdown mode, but you can see the restaurants, you can't even go into this restaurant here. you have to orderer at the takeout area. take a look at the restrictions in place. in addition to extending what had been in place, now masks for children between ages of 2-4. i see one right there. i don't know, probably not between 2-4, but if you're between 2-4, a toddler, that is, you kind of have to wear a mask now. in addition, 50% capacity on stores as well as bars and restaurants, and there's an 11:00 curfew. do these restrictions really make a difference? if you go on the internet, you can probably find data that will support whatever opinion you have. i thought it would be interesting to hook at the two most prominent lockdown states versus the two most prominent states that opened up, that would be california and new york versus texas and florida. if you look at the case a rates, yeah, california had fewer cases, has had fewer cases since it started, but has had most out of the floor.
texas and florida in the middle. kind of the same thing with death rates. california, yeah, fewer deaths per 100,000 now. new york, though, with the most florida, again, and texas in the middle. i leave you, mr. varney, to draw a conclusion for that. but i guess off the top of my head i'd say it doesn't seem like it's made a whole lot of difference, but there to you go. i report. stuart: quick question. did you have any restrictions or mask wearing at any of your weddings? >> reporter: oh, you are so wrong. and i thought you planned that that segment before we because of my extensive experience. i should have had masks on -- [laughter] i'm not even going to go any farther. i'm just going to get into trouble. it's already cost me enough. 4r56 laugh. stuart: i understand entirely. it's friday. we'll leave you in peace. have a great weekend, young man. see you later. [laughter] get away with murder on this show. spacex successfully lifting off from port canaveral this
morning, four astronauts aboard. we've got the highlights and reaction from man in charge of tourism for florida's space coast just ahead. and, by the way, he deals with cruises too. so we want to know, when are they going to sail again from florida which is the cruise capital of the world? we'll be back. ♪♪ happy we'll be beyond the sea and never again -- ♪ you've got the looks ♪ ♪ let's make lots of money ♪ ♪ you've got the brawn ♪ ♪ i've got the brains... ♪ with allstate, drivers who switched saved over $700 click or call to switch (vo) conventional thinking doesn't disrupt the status quo. which is why t-mobile for business uses unconventional thinking to help your business realize new possibilities. only one 5g partner offers unmatched network, support, and value-without any trade offs.
♪ ♪ rocket man -- stuart: another piece of music production. rocket man, why not? spacex launched another crew to the international space station early this morning. that's the third in urn a year. ashley, there were americans onbored, weren't they? -- onboard, weren't they? ashley: there were. two americans, someone from france and someone from japan. as you say, those four astronauts launched, went into orbit early this morning. they left just before six a.m. eastern time from the kennedy space center in florida. take a listen. >> 4, 3, 2, 1, 0.
ignition and liftoff. godspeed endeavor and crew two. >> copy, 105. ashley: and that is always such a cool sight, especially in the dark of the early morning hours. the crew will dock at the international space station early tomorrow morning for a six month mission. by the way, they reused the rocket and the capsule for this particular mission which is the first time they've ever done that. all in all, just very cool. stuart: i agree 100 percent. very cool, indeed. staying on the space coast, as it's called, the florida coast, the cruise industry waiting for the results of florida's lawsuit against the cdc. they want to start sailing again immediately. peter krannis is with us from the space coast office of tourism in florida. this is a big deal. you want to get cruising again. florida's the biggest cruising state in the nation. when are you going to find out
the results of that lawsuit? >> you know, i mean, that's the big question. it's a multimillion dollar industry, and every day that we're not cruising there's thousands of people that are affected, they're not working, there's, you know, millions of lost visitor spending dollars that we can't recover. we've reached out to the governor's office this morning, as of this morning there was no update. senators rubio and scott have also filed a bill in the congress. we're waiting to hear about that. that's about ten days old. but the wheels are turning too slowly for us. it's been a year. they're cruising out of other countries, so why not the united states? what's going on? and so we're anxious about it, and it's a huge part of our business. stuart: i'm told that a lot of cruise ships have actually left florida and gone to other locations where they're allowed to cruise relatively freely, is that accurate? >> yeah. i mean, that's -- exactly.
we're seeing cruising out of the bahamas right now, europe, asia. they're all, you know, they have protocols in place. it's safe. people are flying over there and taking cruises. we have a pent-up demand here, and, you know, florida, as you said, is probably the number one state in the country for cruising. we have three of the top cruise ports, miami, ourselves and lauderdale -- stuart: david, can i just ask a real fast question here? >> absolutely. stuart: is there anything political in this? florida is a republican state with a republican governor and a republican senator, rick scott. they're a making the demands of the cdc which is really run by a democrat administration. is there a political delay here, do you think? >> i mean, i certainly hope not. this is not about politics. this is about people's lives, you know? we're losing millions and millions of dollars every day that we're not cruising. it's about the economy.
it's not about, you know, republican or democrat. we've got to get going, and, you know, it's really baffling as to why it's not. stuart: yeah, it really is baffling. they should be out there cruising and making must be. peter, thanks for joining us, sir. we wish you the very best. we hope you can get the cruise ships going again. another big hour till to come. we have -- still to come. we have steve hilton, calvin king and the governor of alaska. i thought the green new deal would really hurt alaska. he's the governor, and we'll ask him about that next. ♪ ♪ some say this is my greatest challenge ever. but i've seen centuries of this. with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;)
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♪ ♪ we made usaa insurance for veterans like martin. when a hailstorm hit, he needed his insurance to get it done right, right away. usaa. what you're made of, we're made for. usaa >> capital gains, a double tax on jobs, taxon innovation and the stock market. >> far left of the democratic party in control. there are no more moderates left, not a good time for the economy or the stock market. >> it was created as a farce in 2013. >> they are not going to buy dog to the easecoin, they will buy bitcoin, they will go after ripple.
♪♪ ♪♪ and i just got paid ♪♪ stuart: 11:00 eastern time, yes it is, i feel good, i prefer it the other way. >> show the audience the little shinny. stuart: here is good news. the dow industrial average at session highs up 200 points and look at the nasdaq getting close to 14,000, 136 points, that is a friday rally. now this. whenever the president speaks i wonder who is writing the script and there's almost always a script. the teleprompter, who puts the words on the prompter and who comes up with these radical
policy ideas. joe biden got to be the candidate because he was considered a moderate. he is anything but moderate now. i ask again who writes the script, who dictates policy. bernie sanders. bernie sanders. he has his socialist hands on the oval office. remember his contempt for the billionaire class, he hates them. that is why there is this plan to double capital gains tax for the hated rich. the green new deal all about government control of your life, an absolute must, the $2 trillion infrastructure plan goes to unionized education, they get their hands on young minds. if bernie is pulling the strings and exercising presidential level power who is vice president? aoc. not that she is needed. kamala harris is on the left already, the near 80-year-old
bernie to have a thirtysomething old media star to attract the cameras. how did this happen? in the modern democrat party the left calls the shots. if moderates don't go along with them they are threatened with the primary challenge. chuck schumer is known to worry about aoc making a run for his senate scene and if all else fails play the race card, you are a racist. elections have consequences and we are staring them in the face right now. biden harris won but bernie aoc are running the show. third hour of "varney and company" is about to begin. steve hilton is with us this friday morning. i really do think it is burning and aoc running the show. what say you? >> you put it so clearly and i
agree and it reflects something throughout the presidential election, the real problem, joe biden and kamala harris, their character. both of them are classic machine politicians who don't believe in anything, don't have any principles and so they bend to wherever the political pressure is coming from. they are not going to stand up to the power centers in their party and the power in the democratic party is on the left in the government unions. what we are seeing, the term we see toward policy areas is a structurally dishonest administration. we were sold a moderate ticket and getting a far left agenda and it is not just opinion. if you look at the election results, look at what people actually voted for. ended up with a 50/50 senate,
democrats barely had a majority in the house. in the electoral college it was 20, 30,000 votes, right across the country in state legislatures and in governors races the republicans did well, very even split, if they wanted a left agenda they would voted for one, they did not. what we are getting now is something biden and harris have no mandate. stuart: it is shoved down our throats. i reported earlier this morning, caitlin jenner has announced that she is running for governor of california. what do you make of that? >> something a lot of us expected in a recall race which is very different from a normal governor election, if governor newsom, do you want to get rid of newsom. and who do you want to replace
him and the person who gets the highest number of votes, somewhere near 50%, all sorts of people get in and name recognition will be a huge factor. i think caitlin gender by the fact of celebrity that surrounds caitlin jenner is going to be right at the top of the list for those most likely to get to the level of coming out on top. stuart: picture this, a man spends 200,$000 trying to open an ice cream store in san francisco, he has nothing to show for it, couldn't keep up with all the permits and regulations that tied him down. your point, you brought us this story, it is a 1-party state. is that it? >> we talk about an --
economics and practical policy points. this shows the human cost, of the runaway taxes and regulations and bureaucracy you get from democrats agenda. here where i am, there is no challenge to it. look what is coming to the rest of the country from the far left agenda pushed at the national level and the human cost, hopes and dreams and lives being destroyed. stuart: you are such an original thinker i should watch your show every single week without fail and i try. 9:00 at night. >> we are supposed to say dvr it, never miss an episode. stuart: i will watch. steve hilton, is a good man. 9:00 eastern sunday night on the fox news channel.
better get back to the market, tremendous amount of green on the screen, dow is up 180, nasdaq is up 130, mark tepper is with us. let's go to this nasty business of doubling of the capital gains tax rate, you call it a joke. furthermore you used this word it would crash the market. that is fighting words, justify them. >> a lot worse words i would rather use but don't want to say them on tv. it is a disaster. if you didn't know how the biden harris administration would afford this with human infrastructure now you know they will raise taxes across the board, capital gains is just one. there will be a huge selloff and the huge selloff will -- see it in the best of the best stocks, apple, tesla, stocks that are the most highly appreciated are going to sell off at the end of the year and if the capital gains rate does
go up next year two things typically happen, number one the market declines in 6 months after the hike, 10% to 20% and the second thing is you will see lower multiples in the s&p 500 in the long-term because as an asset class stocks become less attractive. i don't understand this inventing job innovators and investors, economic prosperity, the participation because they want to win. stuart: the left hates the rich and don't care about business, don't care about capitalism as long as they can hurt the rich. that is what they want to do but before i get under the collar i want to move on. we have more very good real estate news this morning, new home scenarios on an annual basis more than 1 million a year that is a huge number. is that why you like dr horton, the homebuilders.
>> if you look at the supply of existing homes, it is a huge issue, 40% more realtors than existing homes for sale. we were terrified to build houses coming out of the great recession. decades worth of under building we are dealing with right now so demand for housing isn't going away, they are buying houses sight unseen above asking price which is crazy. when you are stuffing your home for a year or your parents basement, they start to bail you the quality of that roof over your head so we need to build more homes, more affordable homes and dr horton had to beat the race quarter in that sweet spot at the entry level and the move up, where the shortage is and the demand is. stuart: another check of the market still going up very
nicely, susan is watching a dow stock known as intel. >> delay for green you see as you mentioned, not there for inter-blooge and and and hiked from its previous guidance, this is the first report card, that was interesting. you pointed this out earlier, wolf research initiated as outperforming a price target so they can make $35 or so and looking at a recovery and business spending, alphabet reporting tuesday, same day as your beloved microsoft that meantime we have alphabet's drone delivery unit asking the faa to waive drones to expand to more places and snap, 280 million active users, up 60 million from last year, 100
million more than twitter and sales projected to almost double this year. stuart: another beloved stock. >> i know which one it is. stuart: blackstone, i bought it some time ago and it is at a new record high. >> 3% dividend yield. stuart: still 2 and a half%. my cup runneth over. my next case, alaska, brand-new plan to get tourists to their state. what is the plan? given free jabs. mike dunnleavy joins us, a mother set up with mask mandates at her school. you've got to watch this. >> every one of us knows young children are not affected by this virus, take these masks off of my child. stuart: there's a lot more where that came from and you are going to hear it.
senator sanders just unveiled his free college plan. he wants to tax your stock trades to pay for it. we will explain next. ♪♪ what a ride! i invested in invesco qqq a fund that invests in the innovators of the nasdaq-100 like you become an agent of innovation with invesco qqq i knew about the tremors. but when i started seeing things, i didn't know what was happening. so i kept it in. he started believing things that weren't true. i knew something was wrong, but i didn't say a word.
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but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. stuart: give it to me baby, that is what senator bernie sanders may be saying to president biden as he pushes his plan for free college. hillary vaughan on capitol hill.
who pays for free college? >> wall street and anyone invested in the stock market, free education proposals come with taxes targeting what democrats view, can afford to pay more and pay for it. there are two proposals pushed by democrats, one from senator bernie sanders which addresses free college and the other expected to be a target of president biden's next spending package, the government could foot the bill starting, to age 22. it would offer free community college to everyone and for your public college to anyone making 125 grand a year. a wall street transaction tax on trades, and biden has a
separate tax he finds will only pay for his universal pre-k but also child care subsidies and that is the massive capital gains tax increase, blake berman confirmed will be part of the next spending package. stuart: thanks very much. $6 million for equity and equity training in schools. he in primer is a loudoun county parent, the daily malarkey, i want to interview as a parent of loudoun county. what exactly does $6 million spent on equity actually by? >> decisiveness, aggressiveness and distraction of the community, see it play out in
loudoun county, creating a culture of bullying in the school, in the community by putting forth shocking curriculum where we are talking about meritocracy, western liberalism, equal opportunity, white power and those are the things guiding loudoun county school board and administrators to implement critical race theory and its school and parents are fighting back, we are going to look at recalling the school board but getting some people on the school board and in the school administration that aren't going to spend massive amount of tax dollars on these divisive programs. stuart: you want to start a movement to stop this equity, actually taught in our schools. i know you just started this movement.
do you have much support? >> we've gotten a ton of support, comes from both sides of the aisle. republicans, democrats, traditional liberals, conservatives. i have spoken to several teachers who don't want to come out but wants to remain anonymous but they are frustrated with what is going on in schools and are afraid to speak out because they are afraid they will get disciplined. stuart: they will be called racist and that ends the argument, you're done, finished, out of here, probably lose your job. i want to play for our audience a longer soundbite from a mother in georgia blasting the local school board over there facemask policy for students. >> this is not march of 2020 anymore. we have 3 vaccines, every adult in georgia who once the vaccine is eligible to get it right now and every one of us knows young children are not affected by this virus. take these masks off of my
child. stuart: i am with her 100%. are you? >> absolutely. i heard from my daughter who got yelled at in the lunchroom for only being three apart from somebody she was eating lunch with instead of 6 feet apart. they had masks on. what you are seeing in counties and towns everywhere is a combination of things. one, let's open the schools, 2, what happens when we open schools, how do we repair the damage done by kids not being in school full-time for a year and 3, what are they learning when they get in school? what we are seeing especially in virginia where there is statewide election in november the education system in schools is the number one issue and right now the left is starting to lose it. stuart: come back soon because you are onto something and i
think we should do something about what is going on in the schools. the daily malarkey, see you soon. on your screens, called a rally, nice going on friday warning 200 for the dow, united airlines, adding 480 days flight starting in june. all to keep up with the demand for summer travel. united is up to and a half%. a new survey shows the busiest cargo airport in the world is memphis, tennessee, 4.6 million tons of cargo last year, that pushes hong kong airports into the number 2 spot. memphis is the home to the fedex express world hub. you know why it is a leader in cargo. there is ups, i've got to show you this, 100 pound package falls on top of a 4-year-old
boy, can't really see this, that young ladies 4 years old, 100 pound package falls on him him you see the ups sprinting over, there you go, got him. he is 4 years old, needs help and the child was not seriously hurt. love those cameras on your doorstep that say all kinds of things. major league baseball asking fans about their political affiliations with ashley has the story. what is that about? georgia senator rafael warnock has his first republican challenger. >> i was born to a teenage mother and raised in a single-parent home. statistically speaking i shouldn't have made it because i did. i am a product of the american dream. stuart: kelvin king, business owner, military veteran.
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stuart: now i got it, didn't hear the lyrics, bills bills bills coming to the rich. of our great country. the capital gains tax hike, blake berman knows about this. give it news for the rich. >> i will take the music, friday. a source familiar with the expectations are the president will put forth a proposal to raise the capital gains rate to 39.6% for millionaire earners. it is retroactive starting in 2021 are starting to thousand 22, and ordinary incomes. looking at other states could
be higher than that. in new york when you combine federal and state capital gains, 52%, california, 4 points higher than that potentially 56%. the white house says this is to pay for the american families plan which the white house hopes to invest in education and child care. in washington we see a few dozen democratic lawmakers who want universal childcare to be part of the american families plan, they are calling for $700 billion over ten years. stuart: this could be back dated to january 1st. if you sell at a profit now you could be subject to this higher capital gains tax. >> the recent history in 2017
when the prior administration put forth tax changes it was retroactive and it was through 2017, one of the last days of the year. that is one of the questions if they get it through. 21 or 22. stuart: good stuff, very thanks very much. georgia's democrat senator rafael warnock up for reelection in 2022, has his first republican challenger who joined me now. welcome to the program. what is wrong with senator warnock? what is he doing wrong? >> what is wrong is he doesn't represent georgia values. he's not pro-life or pro-second amendment or pro-business and those are the 3 tenets our foundation in georgia. stuart: this election next year is going to center pretty much on georgia's new voting law.
where do you stand on it? >> it is a step in the right direction. i taught our legislature because a lot of voters in georgia felt that their vote didn't count, they didn't trust the election process, they felt disenfranchised and this shows jordan's are smart and not buying the lies propagated by the left so this is a step in the right direction. stuart: before the election rafael warnock talked about getting money to the people. after the election he managed to insert in the spending plan $4.5 billion for black farmers, nothing for white farmers, 4 and a half billion dollars for black farmers. what do you say to that? >> it goes to one of the tenets of americanism, republicanism, we don't want the government to get involved in day-to-day lives because they don't to do it right. they pick winners and losers
and someone is left paying the price so i love black farmers, i love white farmers but when government gets involved it is not fair to the people. stuart: you have thrown your head in the ring early and you have come on the show to tell us about it. don't be a stranger, we want to know how you're doing as you run up to 2022. thanks for joining us. the los angeles dodgers avenue incentive for fully vaccinated fans with ashley webster, i don't think you are on a beach, you are in florida but what is, what are the dodgers offering? ashley: mentally i am always on the beach. this is a special section that will be available tomorrow so fans who receive their final vaccine dose two weeks ago, this is progress, children between the ages of 2 and 15 to provide proof of having tested
negative for the virus within 72 hours will also be allowed into this section and this is special with no social distancing requires, like things are normal but face coverings must be worn except for eating and drinking so play ball at dodger stadium. stuart: can they make you wear a mask inside the stadium in a special section? you will have a tough compliance problem with that when i suspect. there is another one here. major league baseball is surveying the fans. what do they want to know? ashley: they want to know things like how was the view from your seat? how long did you have to wait for food? also they want to know whether you are a republican or democrat. recent poll shows mlb's favorability rating among them
are republicans has plummeted since atlanta. the information on this survey will be used to determine broad trends and insists the results are not tied to any individual account. stuart: they want to know how bad the damage is from their mistake of moving the all-star game. i've got one last one. the star of last night's san francisco giants game, not a baseball player, who was it? ashley: it was alex the great, a therapy bunny. he became quite the celeb when he was brought in soaking up the atmosphere at a san francisco giants game. the therapy bunny just over 4 months old, has been supporting his owner after she lost her restaurant in the pandemic and it is not just baseball, alex has been to the las vegas motor
speedway. he hit the water with some kayaking. why not? the often visits the beach and of course he has his own instagram account. the announcer at giants stadium announced the number of people in attendance and added one rabbit which i thought was hysterical. stuart: did you see the news item a couple weeks ago where the largest rabbit in the world had been stolen? and english lady who has kind of a monopoly on giant robert -- rabbit breeding and i forget its name, it was stolen. darius was the name, four feet long. that is the kind of thing you can put on the air friday morning almost before the end of the show. stay there because we have
friday feedback. president biden's green energy push could be devastating for oil-rich states like alaska. i will talk to the governor of alaska in a moment and i want to talk about his new plan to get tourists back, free jabs at the airport, will that work? it is his plan and he is on the show so i will ask. ♪♪ [announcer] durán catches leonard with a big left. ♪♪ you can spend your life in boxing or any other business, but one day, you're gonna take a hit you didn't see coming. and it won't matter what hit you.
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plan to vaccinate tourists. they get a jab free if they come to your state. >> thanks for having me on. in anchorage, juneau and june 1st if you come to alaska and you want a vaccination we have everything set up at those airports and get your vaccinations and if you stay for several weeks you can get the other vaccination and if you complete your vaccination in the greatest state in the country -- >> i've been to alaska many times. the size of alaska is stunning, absolutely fast as you can tell me the virtue of alaska any time, i want to tell you about alaska and the green new deal.
seems to me it is a real killer for you guys, sorry to say that. would say you do. >> we are an oil and gas state. we are also a call state. what is interesting as we move towards renewals, renewable energy, you will need the elements, the metals, the materials to do that to make your lithium batteries. it was march 11th, there was a news article that said the biden administration was meeting with the canadians and had a conversation to get most of the metal from canada, they were not going to do in the united states because of the environmental concerns so in a state like alaska, do all you can to stop oil and gas and very little to promote mining which we have plenty of these minerals, minerals to use for the green new deal so for alaska this is a new bad deal. stuart: florida's lawsuit, no sale order for cruises. that affects you.
how big a deal is cruising for the alaskan economy? >> huge. we will lose 3 to $4 billion as a result of the cdc decision in an economy that was a $56 billion gdp down in the 40s. this is critical. it will be very impactful and it doesn't make sense because they are cruising to europe, to italy, to germany, their virus rates are higher than ours, there vaccination rates are lower, the same americans -- to go to europe which makes no sense at also we've joined florida. hours is a seasonal cruising season. we needed to know last week of the cdc would change position to get our cruises going in june or july, seems we have no choice but the cdc and the
federal government. stuart: does this have to do with politics? alaska is a republican state, you are a republican governor, the cdc is run essentially by the biden administration which is democrat, is politics play a role in this? >> i hope not but when you look at the picture it is forming that way. we are the only republican state left on the west coast and we had a good relationship. i thought that for some time but starting to see something concerning. stuart: did you say the gdp has gone from $56 billion into the $40 billion range? >> $40 billion. we got shaved off because the oil prices dropped in the tourist season was battered last year, no cruise seasons this year. our fishing industry was hurt even though we had a fishing industry. alaska is a resource state. a lot of things were closed off
last year, close off this year again. we have lost billions out of our gdp. stuart: thanks for coming on the show and pointed out to us. come back soon. don't go anywhere. friday feedback is next. someone asked about my favorite beatles song, we will ask after this. ♪♪ ♪ ♪i've got the brains you've got the looks♪ ♪let's make lots of money♪ ♪you've got the brawn♪ ♪i've got the brains♪ ♪let's make lots of♪ ♪uh uh uh♪ ♪oohhh there's a lot of opportunities♪ with allstate, drivers who switched saved over $700. saving is easy when you're in good hands. allstate click or call to switch today.
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get off the floor with aerotrainer. go to aerotrainer.com to get yours now. now! stuart: l produces produce very young music, may be for people in their 40s, friday feedback, susan is here. first comes from jim edison on facebook. is it time to sell microsoft? i am not selling now. i am waiting for next week's earnings report on tuesday and have a look at it at that point. i don't want to sell because a big capital gains tax so i'm
unwilling to sell. the answer is i'm not selling at this moment and that could change with the wind. they are nodding sagely here. gail little rates this. i am a 76-year-old lexohfile who delights in learning. i was to life when season -- susan introduced me to an online source or its official definition. can you help? >> i found it online. what they use in sports broadcasts. they draw a line here and the circle there, an indication as to what is happening. stuart: i didn't know that. if i had one of those boards i could point and would be tellillustrating. i hope our lady, the lex -- we
will get you in, don't go to sleep. they fired their manager on monday, should anyone else be sacked? triple word score applied if you use the word arsenal in your answer. it is yours. ashley: those two hate each other. i looked up william hill to see who is the next favorite to be out of a job as a manager in the premier league. he will never guess who is 3 to one in the shortest odds, jürgen clark of liverpool, they had a terrible season so he may move on. i doubt it. stuart: it was before they started losing. ashley: a fair weather supported. stuart: jim phillips says this. you have a great resume, can you give us some insight into your year in nairobi?
the british peace corps when i was 18 years old, i was a teacher in a school for destitute african children and i was a teacher there and it was one of the best years of my life. went outside england for the first time in my life and never looked back. here i am in a florida -- in america. a great introduction to the world of traveling and africa. >> you lived in other places in africa. stuart: not lived there. i've been to tanzania, ethiopia, i have been around the block. let's not get into that. gina williams says just watch the clip on palm scanning at whole foods. i agree with susan, your biometrics, your open to hackers stealing but what do they learn from you? >> your bone scan is data they
have forever and you compare it to a passport and you can leave a country, you can't leave your palm scan. stuart: it doesn't tell you about your blood pressure or whether you have certain illnesses or diseases. >> it tells them where you are and what your palm looks like, what is next? your facial skin? is it worth it to buy your tomatoes faster? stuart: you agree with our viewer. ashley, go back to sleep. it is a joke. molly writes this. i am and 11-year-old girl from washington state. i love watching your show. i watch it every morning before school. i was wondering if you only got to play the beatles one time on your show what song would you play? answer? ♪♪ stuart: i like that. get back to me with so fresh, so lively. i was a teenager rearing to go. i danced up a storm to this one
a very long time ago. you were around in the 60s in 70s. what is your favorite beatles song? ashley: probably here comes the sun, george harrison wrote it when hanging out in the late 60s. great song. stuart: do you know any beatles song? >> twist and shout would be my favorite. stuart: you know five. >> okay, hard days night, twist and shout, she loves you, hey jude, yellow submarine. stuart: a noble effort. we are out of time. we should do an hour of this one day. if you want to send, please send in your stuff, an email or anything you like. anything you like send it to us. just turn it in please. it is friday, here's the friday trivia question, how far away as the horizon? answer after this.
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♪ stuart: there it is. how far away is the horizon? answer, 3 miles. didn't know that. you learn something every day on this program. remember we told you about the world's biggest rabbit? still missing. i think we've got a picture of darius. he's more than -- not a very good picture, but you get the point. he was more than 4 feet long. he's about the size of an 8-year-old child. he was stolen from a breeder in
england. i guess he was stolen for breeding purposes, because darius was -- i'm sure he still is -- the largest rabbit in the world, bar none. the buritz go in for that -- the brits go in for that kind of thing. that's my story, i'm sticking to it. neil, it's yours. [laughter] neil: now, that is a lead-in, my friend. thank you very much. all right. where do you go with that? the dow is up 160 points, obviously rebounding from the concerns that we're going to see a lot higher capital gains taxes although the i was reading a column in "the new york times" saying that that that was the education tent of the worry, the 1% selloff, that's as bad as it gets. i'm not so sure of that. the notion that maybe, maybe a lot of people don't think it will come to fruition, or if it does, it won't be nearly as high as it's made out to be. in fact, might be an opening salvo in all of this. however you look a