There will be no washer drilling around florida appeared governor rick scott and republican senator congressman didnt want it. Its not going to happen. In florida. A judge in San Francisco the president plan to an protection for, so yet again a California Court tested in the way of mr. Trumps immigration plan. The liveaction presidency later this morning. Will it be open to the cam is like yesterdays meeting on immigration . Weve never seen anything like that before. The president showed the world how he negotiates. Will he do it again today . Later he greets norways greater it will open up to questions from the media that will be more liveaction. Ive got to tell you, you still cant get over mr. Trumps visit to dallas. Im a change come income inequality and open borders. Give them, mr. President. Varney company is about to begin. Stuart well, fires, then storms in a deadly mudslides in california. This is the golden state taking it on the chin recently. Ashley yeah, we now have the death toll up to 15. The number expect it to client. Look, mudslides come the same area devastated by forest fires. They produced all the vegetation just leaving not exposed with a stone that brings in four or five inches. The water has nowhere to go when it swept away dozens of homes treated as if a committed death death toll 15 minute believes many more trout. Its difficult to get into the area. This is just east of santa barbara, one of the most desirable neighborhoods in the country, but also an area beset. The rescue efforts go on. Tree into another hit. Lets get to the markets now. Red arrows all around. First time the dow will open this calendar year. Chief faces with us. Give me a simple reason. I think its because of higher Interest Rates as to why this market is down today. Two things at higher Interest Rates are driving it, but heres my welcome today set to beauty. A sign that the working normally. You have to have buying and selling. It are positive refreshes. Stuart nothing to get worried about. Is that what youre saying . Too early to get worried. If they were out in the street id be worried. Traders i talked to around the world before he came and camera are not concerned. They simply take a breather, take money off the table, looking importantly where they want to put their money for the balance of the year. Tree into so come are you telling me to people you talked to say by this tip . Yes, they are. They are trying to figure out what they want to buy an ipad price points. In the meantime, this is walking away from the bid. They are not buying, but then again not donating things wholesale. Youve got this pause at 90, 100 points had this volatility all day long and not even think twice about it a decade ago. Tree into i cant resist asking you about the president and i was in the World Economic forum. Look what he had to contend with. The top guy, the organizers said President Trumps leadership is worrisome. Frankly, i cant wait to see our president step for and downloads and go after them. What about you . Im so with you. This is just an april fools, halloween and the dystopian universe it about time these guys get upset in davos. The applecart needs to change. Stuart im glad youre with us. Stay there. Well bring you back when the market opens. Keep the faith, everyone. A federal judge in San Francisco barred the Trump Administration from turning back the obama area daca program. Judge napolitano is here with that. Im not interested in the type of a legalistic details. Im interested in pointing out the California Courts consistently stand in the way of the authority and immigration. This actually helps the president and he should welcome it. One of the issues yesterday at the media and the cabinet room that captivated all of us was that we have a month and have to resolve this. Guess what, he now is six months to resolve it, which is a lot more time to put together this sort of big picture, comprehensive reform that he wants. Daca stays in place. No heat on the president. Its in place because a life tenured federal judge. Tree into that hes got to get the war and the end of chain migration in the end of lottery system in return. This is not a permanent ruling by a federal judge. This is a temporary ruling, keeping daca in place until Congress Writes a new law or until the courts decide that they should no longer be temporary. Tree into im sorry, im suspicious of this. We have Court Rulings coming out of california casino, mr. President , you can do this come you cant do that. The Supreme Court of the United States saying under the constitution the president makes Foreign Policy and the president has the discretion to use deportation, the power to deport to further Foreign Policy. Trust me, this is a breather at the donald trump should welcome because it is not he who will take the heat for bringing about the breather and it gives them more time to negotiate. Why did the judge do it . The statement donald trump said through his presidency like i like the dreamers. I might want them to stay here come the statements that we believe he set for negotiating purposes. Every time he says that come to the courts say is a really serious about getting rid of daca . Look at what he said yesterday. We can take care of daca. Tree into im sorry, you cannot base a federal court ruling on the basis of what the president said in an offhand manner. You cant do that. Except this president says that what he says in an offhand manner are official statements from the president and the courts will continue to do that. Do you want to know the real craziness here . The plaintiff is janet napolitano. No relation to me. She is arguing that her order for daca should be the law of the land and not the new order signed by her successor, the secretary of homeland security. Tree into the deep state hold screwed things up for now. Again, she and i are not related. Tree stuart can he replace some of this leftist judiciary in california . There are two vacancies in the ninth circuit and i wont mention names because its not in the public yet. Hes narrowed it down to five people. Guess who gets to approve the side before he picks the one he wants . Senator feinstein. Thats the way the system works. Tree into you made your point. Come back at 11 00 for more. Im coming back even sooner. Another benefit of the tax deal. Several major utilities have announced plans to cover it for consumers that are giving back to their customers as opposed to their employees with offices. Liz we were talking about the break yesterday. They were going to lower their Customers Energy bills. Now we found five more, talking half a dozen utilities across the country in places like oregon, utah, north dakota, illinois along with mayor lindh lower their energy bills along the tax cuts, specifically citing the republican tax cut. They also found two bags. Think of colorado is basically going to pass along the tax cuts in the form of higher money market rate and no suki citibank in north dakota, minnesota with half a Million Dollars along with giving bonuses to their employees. Its 130 right now. Remember nancy pelosi said armageddon, msnbc, cant afford these companies. The president is sitting on a cash pile. They were afraid. Now they are unleashing it. Tree into both the democrats run on raising taxes all over again . Ohios tim ryan wouldnt answer that. Stuart i wouldnt agree more with lizzie. They are giving out little bits of money, but its still a tax cut for the rich and corporations. You know its coming but i dont think people are buying it. Train for everybody at comcast and nbc computer bonus back if you believe that. Tree into a million americans have gotten a bonus because of that. Wait for it, ive got news on kodak. I do. Way back when. What is the news . They are taking on some ford. Theyve got plans to create a new crypto currency called kodak wine. Look at that stock up 77 . To national politics. South koreas leaders said President Trump deserves big credits to the negotiating table. What a switch. We are on it. President trump is on board with getting daca done first and then moving on to comprehensive Immigration Reform in building the wall. Do you believe those promises that well do it later . Bubble congressman Louie Gohmert say about this . Hes on the show. Stuart listen to this. Knowing delivered a record 763 jetliners bustier and they have got orders for another 912 plays. That is why the stocks been on a tear doubling in the past 12 months. Only way i find it europes airbus. 317 this morning. Financial times report fox business 21st century fox purchasing are finalizing the purchase of 10 tv stations for the sinclair broadcast group. More details coming out. Want de the priority right now. Roll tape. I think there needs to be a willingness on both sides. What about acclaimed daca bill now with a commitment that we go into the comprehensive Immigration Reform procedure. We are going to come up with daca and then we can start immediately on phase two which would be good. Stuart though, daca now on a promise we will build the wall later. But with Louie Gohmert, republican from texas say about that . I cannot believe promises that we will do this now and build the wall later and you cant either. The same thing Ronald Reagan said was his biggest mistake and it was. The chance is if we do daca what they want to secure border leader Chuck Schumer saying black conservatives are the most brave people in america is just not going to happen. You look at the reasons for President Trump. He is trying to reach out. Hes trying to be gracious, but we have got to recognize this is not a fair fight if we dont stand for what reagan regretted not standing for insane secure the border, get the wall built where we need it and then we will work on who is here. Its not going to happen and we will have the next congress to keep coming back again and again in doing more and more amnesties until there are so many people voting here that have no clue about what it takes to keep liberty in a representative government. Stuart do you feel the same way about the president s suggestion of bringing back earmarks . Now thats a whole different matter. The power of congress is the power of the purse and its the worst time in American History congress added and i was totally in support of a temporary moratorium on earmarks because it was so badly abused. All of these monuments to me had to stop. But we are the ones who should be put in the specific line items in that appropriations bill as to where the money goes. Not the bureaucrats. First time in history we get stacks of money to the Obama Administration and then we send them saying this is where the money would go. Please, please use this for this appropriate federal project. We shouldnt have been begging men. That is our authority and why a friend in louisiana congressman said he was talking to a corps of engineer guy and said this is not which you were supposed to be doing. We dont care what congress thinks because you dont tell us where the money goes anywhere. The only way we will reign in the government is if we get the power back and start dedicating where the money goes. Then we can stop this to lindros for that ridiculous project in california with the thousands of acres of mirrors that are blowing up birds that fly through. Anyway, they called and flamers. We can stop all of that craziness if we have complete transparency and we are the one that puts the specifics than that. But we make sure we have rules in place that we cant have more like the moratorium. Stuart i promise will followup on the wall and earmarks with you. Those are critical, but especially the wall. Stuart thank you. Well see you soon. Look at the market now. We were going to be down 90 or 100 points. Now will be done 70. For the first time this year, i believe the stocks will open lower. Bombshell from a top guy gps revealing somebody has been killed as a result of the antitrump dossier. Judge napolitano will come back to break all of that down and he is next. Stuart moments ago the president created on the daca court ruling. It just shows how everyone how broken, unfair when the Opposing Side in a court case such as daca runs to the ninth circuit and also his limbs before being reversed. Judge, thats exactly what was just said he is a legitimate complaint except the court much to his dismay used his own words against him. Right side another three or four months to come up with comprehensive reform. Stuart at the other side of the coin is trump watches varney. Serious stuff now, not that that was in. Over the summer and attorney for the cofounder of fusion gps revealed during a closeddoor interview that somebodys already been killed as a result of the publication of the antitrump dossier. Judge, where is this going . He meant this as an interrogation over the summer before the Senate Judiciary committee have a transcript unilaterally release by senator feinstein on the committee yesterday. They were so many juicy tidbits in there, i dont know where we are going. I dont know who the person is they say was killed. They talk about such rich, the Democratic NationalCommittee Staffer who was killed execution style in washington d. C. , talking about some russian asset of Christopher Steele who provided them with information about mr. Trumps alleged involvement with russian going back to 2014. We really dont know who he was talking about. This came out of the blue. There is a lot of material in there that tells them this will keep going on. The fbi had a source in the Trump Campaign, either an undercover fbi agent pretending to be a member of the campaign for an actual real person in the campaign who is telling the fbi what was going on in the campaign. The question is why. Why was the fbi interested in what was happening in the campaign in real time. Stuart about his domestic spying on your opponents political campaign. Sure is. We dont know if this is going to barack obama and Hillary Clinton or the fbi kept it until donald trump succeeded. We dont know who the person was, much less what the person was saying to the fbi. The transcript i cannot yesterday, shes heavily criticizing to release it. Dont go near Chuck Grassley decided because intelligence had his coffee user to bite someones head off. The release of the transcript is undermined their investigation. As much as i love Chuck Grassley, i take the opposite view. The public has the right to know what was said and what was done by fbi agents and now we have a better view of what was said. Stay on top of it for us. All the market in four minutes time. We will open lower the first time they have gone down the opening bell. We will be back to cover it. Liberty mutual stood with me when this guy got a flat tire in the middle of the night, so he got home safe. Yeah, my dad says our insurance doesnt have that. What . you can leave worry behind when liberty stands with you™. Liberty mutual insurance. Thats it. Im calling kohler about their walkin bath. Nah. Not gonna happen. My name is ken. How may i help you . Hi, im calling about kohlers walkin bath. Excellent happy to help. Huh . Hold one moment please. [ finger snaps ] hmm. The kohler walkin bath features an extrawide opening and a low stepin at three inches, which is 25 to 60 lowr than some leading competitors. The bath fills and drains quickly, while the heated seat soothes your back, neck and shoulders. Kohler is an expert in bathing, so you can count on a deep soaking experience. Are you seeing this . The kohler walkin bath comes with fully adjustable hydrotherapy jets and our exclusive bubblemassag. Everything is installed in as little as a day by a kohlercertified installe. And its made by kohler americas leading plumbing brand. We need this bath. Yes. Yes you do. A kohler walkin bath provides independence with peace of min. Call for a free kohler nightlight toilet seat with consultation. Or visit kohlerwalkinbath. Com for more info. Stuart let me it out. January the 10th day of the year and this day will be the first day when the stock market opens lower. This tells you about the insistent rally. Three seconds until the opening bell finishes and they start trading now. We are down 37, 46, 53. Im just calling out the numbers as they appear on the screen down 64 points, 65 points in the early going still at 25,322. A loss of a quarter percentage point for the dow. The s p 500. What the result they are. We are down about one third of 1 . That is down more in percentage terms. It is up nearly half a percentage point. The Technology Stocks which are leading this downside move first thing this wednesday morning. Maybe this is the reason why weve got stocks down. That is the baseline Interest Rate. All the way up to nearly two points 6 . The stock market often rejects that kind of movement. The price of crude oil 63 per barrel. Rates up, oil up in gold is up as well. 1300 bucks an ounce. Quite a scenario starting here. Ashley and liz are here to discuss it. Chandra lonnie and keith fitzgerald. Give us a reason the market is open down today. You hit the nail on the head today. The 10 year bond at 260, a big bond guru said this is the beginning of the bear market for bonds. Theyve given up less than half of what they put up yesterday. The markets up this year already. You think this is a minor blip. Well get past it. Nothing to worry about. Again, the markets have to go up and down in order to make progress. People forget that. This volatility is a fraction of what we saw in the past. I made some calls. Theres also a rumor out of beijing the chinese will stop buying our debt or at least slow down purchases. People are rebalancing. People move gove