Years. The hawaii false alert. Feds say hawaii lacked reasonable safeguards. The government apologizes. The president has please local authorities took responsibility. It was a very anxious time for many, many people. The president has reported vulgarity. Senator durbin said csc said it. Senator cotton and producers turbine can not be trusted. The president himself says im the least racist person. Dr. Kings needs told fox news this morning she does not believe the president is a racist. Lets summarize your money looking good again. Politics a cantankerous mess. This programmer into go. We go live. Varney company is about to begin. Stuart yes, yes, yes, the markets are closed today. You are looking at the futures market, how the market performs when it opens. Big, big games. Yes, your money is indeed looking good. Give me that number again, 197 points away from the dow 26,000. One big rally away. Look who is here. James freeman, wall street journal editorial guy. Welcome to the show. This is earnings season. Tell us how much they made and how much they expect to make in the future. Those experts haitians raising the market. You say why. For a few companies of course who started reporting the same story we saw the last few quarters where it is earnings better than expected. Revenues better than expected. One thing really exciting lately as we went through a long period of slow growth where companies were looking for ways to cut expenses and now the sales are going up but thats encouraging. Would make it to the guidance faith, and the ceo gets online and theres a guidance for the future. If they sent en masse they look at profits going up 10 , would that translate to a 10 gain in stock prices . Hard to say, but it certainly does justify higher prices than those companies are earning more money. You saw that speaking of guidance from the banks seem low, depending on the accounting some banks this quarter may show a loss or post worse than expected numbers because of the tax change. Longterm they are saying big winners from the big earners growth over time and you will see that across the economy. Stuart up 40 on the dow. Lets turn to nasty politics. Arizona senator jeff flake republican comparing President Trump to Joseph Stalin. Roll tape. He was popularized by Joseph Stalin now enemy of the people and it should be noted that khrushchev saying now was too loaded and aligns the whole group or class of people and not shouldnt be done. I dont think we should be using the phrase thats been dead as too loaded by soviet dictator. Stuart the republican senator calling out a republican president sounds like joe stalin. What do you make of that . The one difference would be stalin killed millions of countrymen. This rhetoric is completely uncalled for and especially in the context of trumps use of language, which often you would say you should say you shouldve express something differently, but its very clear the greater threat to the First Amendment right now is in the opposition to the president. He says a lot of tough words for the media, but unlike his predecessor, and he is not sought as far as we know wants to eavesdrop on journalists unlike his opponent in the last election, President Trump is not thought to reread the First Amendment to prevent movies from being distributed. In terms of actions, and he is the free prize alternative to the other party. Look at his record with the federal communications commission. His appointing reduce government control over the communications network. And not what an authoritarian does . No. Ashley senator flake is a huge critic of President Trump. He has nothing to lose, getting out, leaving congress so he will say what he wants to say. When he uses those analogies that makes him look to be honest with you. Stuart got it, ash. Moving on to the anxiety producing false missile alert. Within moments of the alert, some democrats blaming President Trump. What Tulsi Gabbard said over the weekend. What makes me angry is just a false alarm when out and we have to fix that in hawaii, but weve got to get to the underlying issue of why youre the people of hawaii in this country facing a Nuclear Threat from north korea today and what is this president doing urgently to eliminate that threat . Don bolton, fox news contributor. Your reaction to that. Moments after the alert went out, before we knew it was a false alert, Tulsi Gabbard said demanding peace come in that President Trump sue for peace was a classic appeasement sentence. She also said the reason north korea was seeking Nuclear Weapons was because of our record of overthrowing regimes in that kim jong un and his predecessors one of these which is a badly misinformed and irresponsible understanding of history. The north korea Nuclear Weapons and Ballistic Missile programs began in the early 1990s or late may 1880s perhaps well before any of that it happened. But i think it is important for everybody to understand, this failure in hawaii with a state failure. It was a bad mistake that needs to be correct it. It has absolutely nothing to do with control over the Nuclear Warheads by the Defense Department in washington. All this luke talk about wanting to push a button could bring nuclear war is inexcusable for people to be talking like that. Stuart was a blunder obviously in hawaii, but what does this say about our alert capabilities . I think it shows that for many years we have not taken threat seriously and now weve got both in the case of north korea and the likely case of iran, a threat becoming more and more imminent. For congresswomen Tulsi Gabbard to negotiate peace with kim jong un plays into the hand of baghdad hitter and others Nuclear Weapons. This is the sort of rhetoric that Jeane Kirkpatrick once called the blame America First approach, that its our fault kim jong un is seeking Nuclear Weapons. No way, historically utterly incorrect. Stuart ambassador john bolton, we will see you soon. Appreciate it. Lets go to a totally different subject. We are talking nfl playoffs. Jacksonville jaguars upset the steelers 4542. Now the patriots in the afc title game. Also talking about the miracle in minneapolis. The saints had a onepoint lead on the bikes quarterback threw a touchdown. There you see it. The vikings won 2924 and played the eagles in next weeks nfc championship. Dear viewers on this holiday monday, bear with us. There was another remarkable sporting event and youve come to the right place. Manchester city lost its first game of the season. Make this exciting for viewers. Ashley i dont know if i can do that. They lost at liverpool this weekend. Great game if you love soccer come even if you dont wouldve enjoyed this one. We didnt think they were. You stay out of this competition. Save that for later. I was the better stored sporting event. Has to be the vikings. So dramatic. Stuart lesser viewers are suspecting our background. Ashley i love sports and i was a heck of a device. Look at this. This is from the indignation in jakarta, a balcony. It was in the buildings lobby, the balcony collapsed. More than 70 people injured. Many were youngsters on a tour of the exchange. What youre looking at is the aftermath. We do have video of the actual collapse itself which is truly horrifying. Chelsea manning announcing she is running for the senate as a democrat in maryland. Manning was sentenced to 35 years in prison for leaking classified secret information. She leaked day. President obama committed her sentence. Shes running for office. You heard it all before. Left in the Mainstream Media bringing President Trump are racist. The president is responding and youll hear his response after this. Hi im joan lunden. Todays Senior Living communities have never been better, with amazing amenities like movie theaters, exercise rooms and swimming pools, public cafes, bars and bistros even pet care services. And theres never been an easier way to get great advice. A place for mom is a free service that pairs you with a local advisor to help you sort through your options and find a Perfect Place. A place for mom. You know your family we know Senior Living. Together well make the right choice. Stuart i did want to show the actual collapse of the balcony on the stock exchange. You did see it. All those people there were youngsters but the collapsed like that. Nobody died. 70 odd injured i believe. Then we have this. Convicted secrets leak or putting it mildly says she is running for the u. S. Senate in maryland. Ashley yes, going to go for the seat currently held by ben cardin which is interesting. Sent out a tweet saying yes, we are running for senate, soliciting donations. As you know, sentenced to 35 years for leaking the information to wikileaks, but was released after being pardoned by president obama. Now she wants to go to the u. S. Senate. Stuart james, but i call her a traitor . I know its harsh, but is it legitimate . Yes, sentenced to 35 years, which probably wasnt enough. By president obama chose to commute her sentence was one of the mysteries of his lateterm. This is really going to test how radical its become if she can mount a credible challenge. Youd have to assume ben cardin is a safe incumbent, but he is relatively more moderate. Obviously a lot of talk in the Republican Party kind of the insurgent wing and we saw the debacle in alabama, but now in maryland this is going to be interesting to see if she can rally the most progressive radicals. Ashley it is interesting, just getting this a little bit more whether they will run for senate. Shes yet to file for the primary and maybe it will, then. Stuart if youre pardoned youre done. Commuted, not pardoned. I dont think stuart it was commuted here thats the difference. President trump is now responding to critics who say hes a racist. Roll that tape. [inaudible] on the least racist person youve ever interviewed. Stuart you saw it on the front. Jesse lee pearson. Theres no question hit the Mainstream Media has essentially branded our president a racist. What do you say . You know, the liberal democrat and liberal media have nothing else to hang their hat on. They have not done anything to improve communities around the country over the last 40 years until President Trump has been there for a year almost in its done a fantastic job and is bringing jobs back, dealing with the crime, making America Great again by cutting back on taxes. This president with the lack of responsibility from the liberal than they cant handle it because they dont want people to see it. Stuart came in the modern age the United States president disparaging foreign country like haiti, for example . You know, the president told the truth and democrats are having a fit because the president told the truth. If you dont like the condition of haiti, clean it out. Weve got a deal with the reality that does not make the president racist because he told the truth. Were looking at haiti seen how can he say that . When you look at haiti, you see a. You dont see paradise. But paradise. Thats how it is an urban areas around the country. Chicago, gang violence, unemployment. The president telling the truth. Hes not a racist. Democrats have nothing to hang their hat on and they dont like this president is revealing their failure because they know she may generate more black votes. Stuart jesse, we do hear you. Come again soon. The centers for Disease Control says hundreds of people have died from the flu this season. That number will go out. Not just a step in the elderly. Young, Healthy People are dying. Mark siegel on not coming up next. On the that coming up next. At fidelity, trades are now just 4. 95. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. And at 4. 95, you can trade with a clear advantage. My business was going nowhere. So i built this kickin new website with godaddy. Building a website in under an hour is easy 68 of people. Who have built their website using gocentral, did it in. Under an hour, and you can too. Type in your business or idea. Pick your favourite design. Personalize it with beautiful images. And. Youre done and now business is booming. Harriet, its a double stitch not a cross stitch build a better website in under an hour. Free to try. No credit card required. Gocentral from godaddy. Whcold sore. Et you . Grab lunch . Cold sore. When a cold sore takes over, campho pheniques topical anesthetic plus antimicrobial action soothes pain fast. Whats for dinner . Meat loaf. Camphophenique on, cold sore pain gone. Stuart it is a very bad flu season. Every day with the affection of a wide of a widespread flu outbreak here at 493 deaths have been blamed on the flu. Cdc said the number is going on. Not just elderly and sick people. 21 the audi builder in pennsylvania died from the flu. 51yearold mother of two died two days after going to the hospital with the flu. Tax vehicle is here. Is this the most dangerous flu outbreak in many come in many years . Yes it is, strong strain. We dont have a lot of immunity to it. Cdc has estimated this is going to be closer to the 60 million. We are getting an early peak. This is one of the earliest i can never remember it had been dating for a long time. This is peaking now, which is early january. Stuart you have a tamil flu here. Is that the way to stop it . Early diagnosis. I can do rapid flu test 10 or 15 minutes most of the time. If i give this to people most at risk for chronic disease are getting really sick or pneumonia that can cut down severity and spreading of the flu. Dramatically. I love this drug. Stuart someone comes into your office and you test them, theyve got the flu. Does that work still . Very much so. I can also tell by symptoms. You have a sore throat . Pettitte is common with the flu. If it knocks you out and you get a high fever and muscle aches come about the flu. Not everyone that has sniffles has the flu. How come a bodybuilder and a mother of two, Young Healthy woman succumbing to die. Spin the flu attacks the immune system. A storm of inflammation and then you get secondary infections. Pneumonia is that killed people in 1918. The flu knocks it down in a serious bacterial infection comes parading in. It is a two type thing going on. Not just the flu. A systemic illness and everyone has to be on the lookout for it, especially elderly people, very young and the chronically ill. 10 the flu can still get the flu vaccine. Not too late. Stuart and you made that we appreciate it. Chief executive officer telling fox business he is not going to give out businesses. You will hear it maxed. Next. Please the stock market is closed today in observance of Martin Luther king day, however, futures show that when the market does open up again, tomorrow morning, if this holds we will be up big. Right now, futures are showing a gain of 150 points or for the dow industrials which would put us real close to 26,000. Keith with Money Map Press is with us. This is all about expectation of profits now that were in earning season. Is that right . Absolutely, stuart you know the market is always a forward looking mechanism in youre seeing that at work today even though u. S. Markets the most dominant liquid in the world are closed it is still propelling Global Trader higher. If people are looking for say and if these ceo say well maybe our profits are going up 10 . Does that translate into a 10 gain for the stock price . Not necessarily. The math gets kind of funny because it depends on how they accrue things and put their reserve what theyre doing with it. Chief financial offices are are more to play here. But the lengthage is very clear you bring more to the bottom line eventually that trance lates into stock prices up they go. Am i right in saying this is earning season and get announcement of expectation cans big profits is that accurate . Thats the key stuart inspect real thing to look for is not necessarily top lying numbers themselves but Forward Guidance because as were talking about it is a forward looking mechanism. So that is the critical piece i would hate to be a ceo that misses his number this is year. You know, keith i have to tell you that i was watching mfl games yesterday and up popped an ad for ibm, and as they were saying ibm the word block chain came many. Because theyve got a block chain project. Does this give cryptocurrency some respectability do you think . I dont think so stuart it doesnt whether it is ib m or old pets. Com commercial from 1999. I think people are getting ahead of themselves technology is clearly valuable theres no tout about that. But situation for the First Time Since the internet bubble reminds me of people talking about a Technology Without really unctioning how it is implemented that worry me. But yeah im beginning to see the light and turn corner on block chain. One of our camera guys is big informsment many block chain beginning to see it his way okay ill put makeup on this guy and wring him on the set keith for you facebook down big friday after announce changes to his news feed make post from business less prominent from friends and relatives more prominent so raises the question i think keith does facebook mr. Zuckerberg does he have a primarily obligation to shareholders owners of the company . Or to customers . What do you say . I think he has a little of both stuart. You know, i felt for a long time that Silicon Valley and forgive my words this is a harsh judgment is inhabited by spoiled brats with no understanding of the social responsibility of the products they create. I think what is happening is mr. Zuckerberg is suddenly having adult moment and recognize aring that his product has cons questionses well beyond just a financial component of facebook so i appreciate his had efforts i like to see what hes doing. I think that stook o is going to have a little bit of headwind until he develops a clear vision and articulates that to investors. Fnlings james im sorry James Freeman, what do you think shareholder or responsibility . Or customersesome i think all the of the social Media Companies given the huge role they play in media should expect more questions about how they filter and serve as gait keepers is wirt, is twitter minimizing ore blocking many some way conservative point of view . I think this is going to be a Natural Healthy conversation as people increasingly use these as their primary news sources. Fnlings one with of the days we have a discussion about how Ho Technology is or is not user friendly. More trouble with technology keith last one for you. Do we hit 26,000 this week . It is close, stuart yes, i want to say yes we are going to, and depend on next couple of earnings that come out of the gate. Real fast walmart is cutting corporate jobs is that related to o the closure of 363 sames clubs. You dont carry that overhead with technology and i think clearly a move to get to a kind of bottom line for wall with mart another effort to keep up with the Amazon Effect. Thanks so much indeed good to see you again and see you real soon this week when as you suggest we might hit 6 okay. Walmart, though, is best competitor to amazon. Fnlings it is ironic because i say walmart was bully that put the mom and pop stores out of business and walmart is biggest of those bullies to take on amazon. I remember in the 80s people were saying walmart is killing america. Main street comerk. Now fighting the big amazon. Yeah. Look at this please. That quinnipiac poll 49 of responders think that president obama is responsible or for the current state of the economy. Only 40 believe President Trumps responsibility for the good economy. Joining us now someone who does credit President Trump is name is bob funk ceo and founder of express limit professionals. First of all, bob, you are giving bonuses i think, to all of your employees , is that correct . We gave bo us ins at work excited about giveing bonuses to nonexecutive employees. Just because trump tax reform bill gave us extra funds and cash to give to our people theres nothing more important than employees of a company i believe, that youre only strong as employees that you have many your company and these are our treasures of the future. And we want to give something bag to them. How much are you giving them, and are you taxing all of the gains from the tax cut all of those ingas passed long to your employees . Were giving them 2,000 dollars each and not passing all of it on to them. Hopefully later on in the year, of course, as we see what happens to the economy which we think is going to be extremely good, well pass them around to them and we gave them, of course, o a 1,000 raise and Profit Sharing bonuses in december also this last year. So were expecting some great things. I have a few people who would like to work for you now hen qsh why do you think it is that that quinnipiac poll shows that more people think president obamas responsible for the good current economy than President Trump . Why do you think those poll results came through like that . Well we saw the gates it shall open fairly wide when trump was elected of course once the tax bill was passed, we saw job orders flowing in like weve never seen them for many years so we believe that the trump tax reform bill really opened up gates for more employment, and whats a better place to put your are money than back into the employees into a great job for you. Youre a Staffing Agency i think and youre telling me when tax bill came through as soon as it was done, you got a flood of orders for new jobs opening up, is that correct . Thats correct. We have as many as 20,000 open job orders per week, and were excited about trying to fill those of course it is beginning to be a recruiting crunch as we look forward for the next six to nine months, and we expect to find, of course, people that have good values. We expect for them to have good work ethic, and a expect them, of course, to be trainable with soft skill and heart skill both. You have to pay them to attract them and thats a fact. Thats a fact in the wages are going up. Just because of the shallow job market. Shall is low employee market. Out of time sorry about that. But express employment professionals, bob funk thanks for joining us, sir, appreciate it. Have a great 018. Yes, sir. Ford ceo name is jim he tells fox business his employees the people who work at ford should not expect a bonus because of a tax bill. Roll tape. Last year we paid a 9,000 bonus to employees who were Profit Sharing that way. So any kind of effect in tax improvement goes in the profits and then is distributed so were paying bonuses to our employees with something that we already were counting on doing. Smtion bigger as a result of the tax, well i wouldnt say that. Because some of the tax moves are actually enhancing profits so yeah, employees will see a benefit. But theres not a stand alone distribution that doesnt make sense. While not a stand alone distribution but get a bonus for his extra money that will go into the operation os and will be reflected in extra profits of which, the employees already get a share of the profits. So theyll see it in the send his theory Fiat Chrysler handed out 2,000 for every employee and they alsos have Profit Sharing, so it interesting take. I dont think we should say it wont pay a bo mous thats not strictly accurate they will pay. Profit sharing that might go up because profits are going to go up. His point. Not so harsh no. [laughter] come on. Be fair here. [laughter] this could be bad news for the for private space travel. And Nasa Safety Panel is raising concerns about if you put strawngts onboard a spacecraft made by boeing, and or spacex weve got details on that coming up for you. Box. Com, the the onis line Big Box Store owned by our good friend reportedly in talks to sell itself to a Major Grocery store chain. Well tell you who hes talking with in just a moment. Hey, what are you guys doing here . Were voya. We stay with you to and through retirement. So youll still be here to help me make smart choices . Well, with your finances that is. We had nothing to do with that tie. Voya. Helping you to and through retirement. Every day we hear from families who partnered with a Senior Living advisor from a place for mom to help find the Perfect Place for their mom or dad thank you so much for your assistance in helping us find a place. Mom feels safe and comfortable and has met many wonderful residence and staffers. Thank you for helping our family find our father a new home. We especially appreciate the information about the va aid and attendance program. I feel i found the right place. A perfect fit. You were my angel and helped guide me every step of the way thank you. The Senior Living advisors at a place for mom partner with thousands of families every month, listening and offering local knowledge and advice to help find the best Senior Living communities across the country and it wont cost you a cent. This is a free service. Call today. A place for mom. You know your family. We know Senior Living. Together well make the right choice. From godaddy in fact, 68 of people who have built their. Website using gocentral, did it in under an hour, and you can too. Build a better website in under an hour. With gocentral from godaddy. Well big news for this guy, owner of box reportedly hes in talks to sell the company to kroger. What, howsm . Well thats a good question when people with knowledge of the situation i always love that but they say that probably kroger is the favorite how much . Maybe up to 500 million. Lets not forget that shay who is permanently smiling with good reason, started this business out of his back in 2013. So in just under five years hes gone are from starting out of his gouge to 500 million a very smart young man, and got a lot of help from us. He did. And commission checks i would assume are are coming if m you never know. [laughter] get him on the phone see what hes got. Inch pretty much. Serious stuff on took. Theyre making change tots news feed more updates from family and friends. Fewer from businesses. Galloway is with us now hes author of the four, the had you hadden dna of amazon apple facebook, and google. Scott welcome back to the program good to see you. To see you. Do you think as head guy at facebook that zuckerberg should show more responsibility to his share hold percent, the owners of the company or his two billion customers where does his allegiance lie . Typically when youre good to your customers it is sail as being good to share hold percent to offer a feras aric experience and put them at the top of the peer pyramid but youll figure out ways to monetize it. The the power amassed by Big Technology companies is just too much. And you got to reign them in it strikes me that stuker or burg has enormous power. He decides what goes into the news feed or o the feed of two billion people every day. Most powerful person and influence elections could influence your mood as possibly facebook is probably the most talked about drug or product in terms of teen depression now but i find in your last segment this bad for business i think Mark Zuckerberg would rather wear snap spectacle every day than anything bad for business. Youre seeing an acceleration in the ad revenue not a decline. This is a head pretending to be concerned about some of the criticism they fallen under. The ad load will not change. It is stilt the most robust collection of target it is in the world. With the most robust targeting, the business is not going to business will continue to accelerate. Another example of the power of amazon. Amazon says its onis line Grocery Sales have surged since it bought whole foods last year. Again, theres no stopping the Amazon Effect and theres no stopping it this company even though you would like to reign it in, theres no mechanism for reigning it in the moment or is there . Whole foods to amazon will be amsterdam was to facebook best in the last decade for 14 billion theyre able to say Fastest Growing offline retailer now in addition to being fastest online growing retailer so what that means it a market cap company, had is probably a 30 or 50 billion creative acquisition based on their ability to announce four consecutive Quarterly Press releases say were Fastest Growing offline retailer so genius and when i push back a little bit we can reign them in and big believer Many Republican trust at some point it is healthy to reoxygen the rate. So or far what amazon is doing is helping customers and consumers. I mean theyve lowered rate of inflation for heavens. It is good for consumer we keep it away from it but you need to show abuse to that power or restrain a competition i would argue when every consumerring to in the world trades on underline performance was stock macroenvironment, and what theyre doing you have what the power that is restraining competition so i think theres actually a intervention here. I dont care which side of the political fence youre on. And theres five and you know it raises questions because can you really put that power in the corporation or right on brother. Im with you, and lets look at the object of everyones affection in terms of ambition economy google 750 market cap would google exist today if the doj had moved on microsoft and said stop killing companies and many that state. Google would not be here had we not have doj intervention to say stop killing small companies. So the antidote to regulation is u trust busting and it is time stuart. It is a very interesting argument when youve got so much power a mass by these giant corporations. Four companies now with a market cap trader than gdb of france or india. Quite a statistic. If youre not careful you will. See you later. Thank you, sir. All right brand u new season of strange inheritance that use tonight on fbn Fox Business Network toangt miss this one. Matt turners bible a National Treasure what do you think it is worth, that is morriss cousin. I was told by a reliable source who could have written a check he said, several millions of dollars. They could have sold it certainly but it never crossed our minds. You walked away from millions of collars but i wont earn money off of slavery i see it still that way. Is priceless. With adt, you can feel safe with an adt starter kit professionally installed for only 49. 00. Call today, and install an adt starter kit that includes security panel, keypad, key fob, entry and motion sensors and for a limited time, get a camera included and installed at no additional cost. Thats a 449. 00 value, installed, for just 49. 00. Retail. Under pressure like never before. And its connected technology thats moving companies forward fast. Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. I just wanted to share this with you doc siegel told us this years flu was extremely dangerous our colleague James Freeman promptly submitted to a flu shot about two minutes ago. Right in the middle of the commercial break. Oab. Painless. Painless he said watching hill keel over right now. Now then, the season four of the strange inheritance premiers tonight on fox business say look at this clip from the big show. Big stuff. Roll it. He was a cool, cucumber, he was so calm. Every time i presented a bid he would say, yes. All of a sudden 5,000 that happened in no time. Are you thinking that people on the tone are making a mistake or are they know something that you dont . They know something that i dont. [laughter] this is jamie colby on camera right now host of strange inheritance. The gentleman there, they were talking about a found in a new jersey basement. He didnt expect it to be but it looks like a painting. You would are from bloomfield, new jersey these three brothers i loved characters that we met and i dont mean their characters yeah they are, it is strange inheritance. So many of these families contacted us but when they said i was going to bloomfield, new jersey i didnt expect to find a rem brangt but moving pingpong table and decided to get rid of some of moms things they were going to have a garage sale but wisely at least took to john who you met you could tell from looking at him to bill nye the science guy and he knows art. But nobody in the United States believed that this lost rembrandt could have ended up here boys are not sure how their female got it but sold for 1. 1 million and since resold to a very famous rembrandt collector, and its believed to have been priced at 4 million. New jersey good story. A good one. A great story. Today is Martin Luther king day, and you found nat turners bible. A important figure in the fight for freedom and he carries this bible during a slave rebellion that he had the guts to lead, and a family who lost loved ones in that rebellion killed by the slaves they were given the bible after Senate Turner was hanged since they had experienced some of the wrath he held on to it for years. Wrapped in a dish towel in a cabinet again unremarkable as it turned out it was authenticated by the smithsonian instead of accepting millions of dollars because it definitely would have sold, they actually donated it to the new Smithsonian Museum on africanamerican history and culture the soundbite at the beginning they said we cannot profit off slavery and thats the good that is happen hadding in the world right now. Some people believe in unity and freedom and kindness. And i get to see it all. I visit families, i talk about families. And family seem to be watching altogether wire really proud. J tonight youve got rembrandt in the basement episode and Senate Turner bible episode but it is season four kicks off tonight. 9 p. M. Eastern did did you know about company town . I never did a man in pennsylvania inherited entire town of the reduction recycling plant where they have the homes in the school and tbroash rei store on one piece of property. And hes put it up for sale for a million and a half its like a bunch of homes in Everything Else if you want to buy a town. A gold mine. So inheritance. A gold mine. I have to run but thank you very much indeed. Great to see you. Thank you. Quick looks at up futures please were going up when the market opens. It is open today opens tomorrow morning. Look at that gain of well over 100 point. Straight up. Flashback two years ago, nancy pelosi she said, a tax cut of 40 was a good thing. Today, 1,000 bo mouses to millions of americans are near pathetic crumbs. My take on that in the next hour. Here we go. Shes nationally recognized for her compassion and care. He spent decades fighting to give families a second chance. But to help others, they first had to protect themselves. P protect myself. Once i got the facts, my doctor and i chose xarelto®. Xarelto®. To help keep me protected. Oncedaily xarelto®, a latestgeneration blood thinner. Significantly lowers the risk of stroke in people with afib not caused by a heart valve problem. It has similar effectiveness to warfarin. Xarelto® works differently. Warfarin interferes with at least 6 bloodclotting factors. Xarelto® is selective, targeting just one critical factor interacting with less of your bodys natural bloodclotting function. For afib patients wellmanaged on warfarin, there is limited information on how xarelto® compares in reducing the risk of stroke. Dont stop taking xarelto® without talking to your doctor, as this may increase risk of stroke. While taking, you may bruise more easily, or take longer for bleeding to stop. It may increase your risk of bleeding if you take certain medicines. Xarelto® can cause serious, and in rare cases, fatal bleeding. Get help right away for unexpected bleeding, unusual bruising, or tingling. If youve had spinal anesthesia, watch for back pain or any nerve or musclerelated signs or symptoms. Do not take xarelto® if you have an artificial heart valve or abnormal bleeding. Tell your doctor before all planned medical or dental procedures. And before starting xarelto®about any conditions, such as kidney, liver, or bleeding problems. Its important to learn all you can. To help protect yourself from a stroke. Talk to your doctor about xarelto®. Theres more to know™. Stuart in 2011 during the Obama Administration, nancy pelosi thought a tax cut worth about 40 to working people per paycheck was a good thing. My, how times change. Now the former speaker thinks that the 1,000dollar bonuses being handed out are, quote, pathetic crumbs. I beg to differ. America needs a raise. That was a democrat election slogan. Now millions of people receive ad bonus or a wage raise. Because of result of tax cuts for business the left doesnt like it. There is no pleasing some people. The point is business is on trial. Corporations were the major beneficiaries of the tax cuts and now we want to see what theyre going to do with the money. It is an opportunity to look food. If the money is used to buy back stock or boost dividends the left will pounce. See, told ya. Just another giveaway to the rich but in economic terms there is great value plowing money back into the company and its owners but politically it will be dem gogged to death so watch out. In contrast, used for better wages, more hiring, better equipment, it looks good politically. That is why nancy pelosi is so keen to dismiss the bonus surge as insignificant. In doing so she exposes herself to ridicule. She is extremely wealthy. Who is she to say a one this dollar bonus is just crumbs. At the very least she looks out of touch with very people she as a democrat is supposed to represent. Were about to enter earnings season, at a time Big Companies tell us how much money they make and how much they expect to make in the future. They will tell us what they will do with the money. Im expecting a slew of new bonus and wage hike announcements as well as stock buybacks and dividend increases. Add it all up, business is going to get some positive pr for a change. I dont expect nancy pelosi will be spreading the good news. The second hour of Varney Company is about to begin. Well, will you look at this . Stock futures trading shows a big gain. The markets are close of course for Martin Luther king day, but when they open, they will open up. We can expect to come very, very close to dow 26,000 tomorrow if that increase in the futures market holds up. By the way, were only 197 points away from dow 26,000. And look who is here . Charles payne the man himself. Now why are foughttures showing this kind of gain . I have been saying this morning because profits look really, really good. What say you . Profits look amazing and wall street, remember, wall street didnt understand, no one knew what the final tax bill would look like. There was speculation the ultimate tax cut would be 23, 24 to get n everyone is behind. Even though theyre ratcheting up earnings expectations they are way behind. You will see beat after beat after beat. More importantly the top line im looking at. We always talk about earnings. We had a recession, top line revenues recession for a while like three or four quarters in a row. Corporate america can buy back stocks, they can do certain things to manipulate the earnings. You can do nothing to manipulate the top. That is pure reflection of the economy. Already began if december, National Federation of retailers, numbers came in much better than expected. Homebuilders reported bass week reporting to a consumer coming to life in a big waist look for the top line even more so than the bottom line this earnings season. Stuart i think youre right, charles. Good stuff. Just a few moments i pointed out nancy pelosi pulled a double standard. She was all praise for a 40dollars tax cut in 2011. Now she dismisses 1000dollar bonuses as just crumbs. I think she is out of touch. She is out of touch. Honestly just despicable the double standard that she is using. 40 is great. 1000, 2000 doll are crumbs. Meanspirited thing. She has one page in the playbook. Identity politics, racial politics, class warfare politics, politics of division. She want pass a compliment. Nancy pelosi extolled virtues of massive welfare. She talked about the multiplier effect. Give someone a dollar in food stamps, they will spend dollar 50. That is great thing. Give someone 2,000, nancy, apply the same math that is a pretty good thing also. Stuart thats a good one. Im sure, you like i was watching the vikings game. Oh, yeah. Stuart did you notice the ad for ibm and they used the word blockchain in the ad . They linked ibm with blockchain . They have a blockchain project. Does this give respectability to cryptocurrency ands and blockchain . It gives respect for block chain. Block chain always had the respect. Even jamie dimon dissing bitcoin everyone knows Everybody Knows blockchain can revolutionize the world, particularly financial industry. Ibm, sort of missed the cloud if you will. They made some acquisition. Theyre trying to get ahead of the curve. What is the next hot thing . Where can we be. A smart move i think on their part. They have to follow up to become a real leader. But to your point blockchain is real. I also think the cryptocurrencies when all said and done a couple of them will be part of our everyday lives and they will survive the onslaught. It is like the wild west right now though. Stuart im dying to see if old tech ibm goes up tomorrow because they incorporated the word blockchain. Ashley it has been done by others. Msnbc could have blockchain to give it credibility. Kodak, kodaks stock, remember their stock took off, that was legitimate blockchain news story. Ibm is hot because it is the dog of the dow. It underperformed so poorly last year. People are betting they can get their act together this year. Stuart i know youve been following the electric car. I know you have. Youre right out in front of that one. Gm is showing off the new electric Autonomous Car. No steering wheel, no pedals. On the road in 2019. Ford and nissan are making new driverless cars. Do you have a dog in this hunt as electric, robotic, what is the word, Autonomous Car maker . Software companies are thinking of ways to deploy it. He have one will have to make them. By the way i will make a prediction on this show i havent made publicly. I will say 10 years it will be illegal for people to drive cars in america. Stuart why . They say our inefficiencies are complicated for the computers driving the other cars. Stuart is that constitutional. Why not . And i, what i would like, im probably getting a big wide swath of land somewhere and open up a car driving port. Ashley like a racetrack. That is only way well be ever able to drive. I say it happens in 10 years. Stuart i have a big chunk of land. You want to start with the fourwheelers. Stuart charles, youre all right. I do think well hit 26k quickly. Were going 200 point clips. You know what were seeing, stuart . Panic buying for the first time. Stuart all those people, 401 k , ira, get to choose where the money goes. Money managers that underperformed for a long time have zero excuses. They better get in the game. Sitting on billions. Now putting it to work. Stuart futures are up 163 points. Youre all right, sir. Two republican senators in that Oval Office Meeting last week refute democrat senator dick durbins claim that President Trump made racist comments. Roll tape. Are you saying that the president did not use the word that has been so widely reported . Im telling you he did not use that word. I didnt hear it. I was sitting no further away from donald trump than dick durbin was. I know what dick durbin said about the president s repeated statements is incorrect. Stuart now, pastor darrell scott, National Diversity coalition ceo, pastor, the media is calling the president a racist. I want your response to that, please. Having known the president for years now i can state unequivocally that the president is not a racist and in fact when he and i engage were very comfortable with each other talking about matters of race. There is no discomfort there. We talked candidly and frankly about racial issues, blackwhite issues, his pan First Quarter issues. There is no discomfort there. We have frank conversation about it. He is not a racist. He is not a racist at all. Stuart may i chuck my own opinion into this, the word racist is wildly overused and is therefore undermined its validity. It doesnt mean as much, if you just chuck that word around to everybody. What say you . Well, i agree with you. I think the race card is becoming a worn out card that the left is trying to use because think about it. The president had a good week last week. He started off seeking a solution for the problem of daca and the dreamers. So that affected the lefts base as far as brown people were concerned. Then we had had a tremendous meeting on prison reform, criminal justice reform, probation reform. That affected the africanamerican community. So as a countermove, because those are two great moves by the president , as a countermove because it affected that base, that black an brown base as a countermove they played the race card. Stuart sir do you think that is all they have. Stuart do you think the president should rein in his language, rein in his twitter account a little bit and think a little bit more carefully before he tweets something . Rein himself in, do you think. Well it depend. It is situational. I mean to be honest my daughter loves him. She has his twitter on notification. When he gets up in the morning and tweets things such as sloppy steve begged for his job back, to be honest it is very amusing. I like the president. I like his personality. He has a tremendous sense of humor. If he is being politically correct he could rein it in. It doesnt bother me a bit. Stuart that is good out cue. Pastor darrell scott. Thank you, sir. God bless you. Stuart god bless you too. Check this out, a driver in california going so fast when he crashed into the center meridian, he launched car into a second story of a nearby building t stayed lodged there for hours. Both men inside of the car suffered minor injuries. We used to say only in california. We say it again. Ashley oh, my god. Stuart coming up next the hawaii false alarm. Ballistic missile threat. Were talking to someone who was on the island and got the alert message. Well bring that to you next. Im thinking. Id like to retire early. Lets talk about this when we meet next week. We came to manage a trillion dollars in assets under care, by focusing our mind on whatevers on yours. From godaddy in fact, 68 of people who have built their. Website using gocentral, did it in under an hour, and you can too. Build a better website in under an hour. With gocentral from godaddy. Stuart alert in hawaii, false alert t had said a missile was headed for the state. It wasnt corrected for 38 minutes. We have extraordinary video of a father putting his daughter down a manhole for safety, right after that alert was issued. Hawaii state representative cynthia felan joins us on the phone. Representative, you to the the alarm. What is the first thing you thought when you saw this alert going out . Everyone was pretty panicked. Those of us that received that alert on our cell phones, many people were home with their families. I had my grandchildren here and was able to immediately grab them, move into a center hallway, bring in water bottles, bring in the dog, and be prepared to hunker down and keep everyone calm. Stuart that is extraordinary story. You must have been extremely anxious obviously . Absolutely. There were High School Students over on magic island at a big out rigger canoe club competition, the finals. When their parents and coaches got the cell phone text, they told the students, run, run. And what happened is, they all fled across a rather busy highway to get over to the Big Shopping Center to go down into the lower level, or run into a store to shelter. I mean people were, they were just panicked with this information. Stuart that is extraordinary story. I want to bring this to you attention, i know you know this already, hawaii representative Tulsi Gabbard she said President Trump was to blame, within a couple of minutes of the alert going out, she was demanding peace with the north koreans. What is your input on that . This is entirely a state error, a terrible error, but it was done by the state people as, they were the Civil Defense people. They have been going around the Island Holding Community Meetings in the, and i put it in quote, unlikely event that we were ever to have a Nuclear Weapon aimed at hawaii. And you have to remember that hawaii lived very vividly with the memories of december 7th. It started world war ii. So the Civil Defense state again, the state was going around talking to Community Members when we had a meeting in kalua, almost 200 people showed up. People were told you will have maybe up to 2010 minutes to be shelter place 20 minutes. It was the state has been doing this, setting the stage for people to be ready to be prepared. So when the actual scary alert came, when the text came and our cell phones went off saying this is not a test, people reacted as fast as they could to grab their loved ones and find a place to shelter in place. Stuart cynthia, thank you very much for joining us. We used you as a reporter for this. We do appreciate your input. Clearly high anxiety time. Representative cynthia thelen thanks for joining us. Come on in christian whiten former with the Trump Administration. What does this say about our alerts and Civil Defense system. Civil defense has been largely neglected since the cold war and latter days of the cold war. No one wants to think about a Nuclear Weapon going off in the United States, but actually having citizens prepared to take simple measures you can actually save a lot of lives. The worst thing you can do is what happened. People are out exposed, driving around to places et cetera. It should be a reminder we do not have perfect Missile Defense. People boasted we have greater than 90 chance of shooting down incoming nuclear missile. That is not true. Everything would have to go right with the russian, chinese, or north korean icbm. Stuart christian im told we have equipment in place to shoot down a missile had that missile been real, but it is only 50 effective. That system has been starved for money s that accurate . That is. Frankly even the 50 is highly subjective assessment. Sort of again everything has to go right. The equipment has to be in the right place. The icbm flight path has to go on a predictable course. We have also constrained Missile Defense throughout the clinton years and subsequently to focus on terminal and midpoints of a Ballistic Missile flight. That is done for political reasons. People dont want to put weapons in space or consider using Nuclear Weapons as a defense against Nuclear Weapons using antiBallistic Missile technology that has a nuclear warhead. You can be less precise and much more assured hit as nuclear missile. Those are things we think should be considered especially with north korea that can not be deterred but a country you dont want to rely on deterrents alone. Stuart especially after this. Christian, well see you again real soon. Thank you, stuart. Stuart we have news from Fiat Chrysler. Their ceo Sergio Sergio sergio l be a big boost of confidence for his business. He is paying big bonuses to his employees. He wants other companies to follow suit. You will hear it all next. Whoooo. When it comes to travel, i sweat the details. Late checkout. Downalternative pillows. And of course, price. Tripadvisor helps you book a. Hotel without breaking a sweat. Because we now instantly. Search over 200 booking sites. To find you the lowest price. On the hotel you want. Dont sweat your booking. Tripadvisor. The latest reviews. The lowest prices. Show of hands. Lets get started. Who wants customizable options chains . Ones that make it fast and easy to analyze and take action . How about some of the lowest options fees . Are you raising your hand . Good then its time for power e trade the platform, price and service that gives you the edge you need. Alright one quick game of rock, paper, scissors. 1, 2, 3, go. E trade. The original place to invest online. Stuart now well take you to the detroit auto show. Jeff flock spoke to Fiat Chryslers ceo about tax cuts and bonuses. Go, jeff. Reporter yes. Sergio marchionne, good man. We talked to him on fox business oneonone. They unveiled the ram 1500 pickup trucks. The heavyduty versions are made in mexico. He is bringing them back from mexico. He is paying a huge bonus. Why . He told us quite directly because of the tax reform bill. Wouldnt have done it without it. Here is what he said. The tax reform that was done in december went a long, long way giving huge jolt of confidence in this country. Reporter you know i asked him, stuart, what do you think of the Trump Administration . He says im not going to comment on the administration in general, but i tell you their economic policies are something that has been very positive for this country and i point out theyre doing this at Fiat Chrysler in addition to typical profitsharing which they do every year anyway. Talked to jim hackett, the ceo of ford earlier, he said that they are just going to do the profitsharing. They will not do an additional bonus. Fiat chrysler, 2,000 to 60,000 employees. Stuart jeff, it is a pathetic crumb. You know that lets see, im told youre smiling. Ford is going to bring back the smaller ranger pickup truck . That is a big deal if theyre doing that. Are they . Reporter you know the star of the show has been trucks. As i said, they just unveiled the 1500, the ram. Yes, the ford, last night unveiling the ranger smaller pickup truck. I own a ranger, 2003 version. A lot of people thought ford made a mistake when they did away with the ranger. And there are some concern this could cannibalize the larger pickup trucks that ford makes which are the most, bestsellers for the past 40 years in the u. S. That is the 150. That is the concern for ford but the ranger is a good truck. My daughter drives it. It is 2003. It will last forever. Stuart wellsaid, jeff. Good stuff. Thanks very much, jeff. Good stuff. Check those futures. Were up very significantly. The markets closed of course. Martin luther king day. When it opens, if it stays like that were going straight up. 26k, here we come. Well be back. Jardiance is the only type 2 diabetes pill proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease. And lower your a1c. Wow. Jardiance can cause serious side effects including dehydration. This may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. Ketoacidosis is a serious side effect that may be fatal. Symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. Stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. Symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. Do not take jardiance if you are on dialysis or have severe kidney problems. Other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. Taking jardiance with a sulfonylurea or insulin may cause low blood sugar. Tell your doctor about all the medicines you take and if you have any medical conditions. What do you think . I think its time to think about jardiance. Ask your doctor about jardiance. And get to the heart of what matters. Stuart it is 10 30 eastern time. So cue the beatles. They do it every single day. I love it every single day. Dow industrials, if market were open now, the dow would be up 160 points, challenging 26,000 on the dow. Well have to wait until tomorrow to see what happens. Less than half of all americans believe the economy is doing well under President Trump this is cbs news poll. 48 say yes, were doing well economically in trumps first year. Thats a very low number in my personal opinion. Joining us now, reagan economist art laffer. Why do so few people think the economy is doing okay under the first year of President Trump . I think it is doing really well . I dont understand why so few people do but let me say it takes a while for the momentum, euphoria to build, 48 to 22 doing well is really good ratio and it will increase. Stuart youre missing the media here. When did any ordinary american look at front page of a newspaper and a newscast see the Strong Economy broadcast loud and clear . They dont see that. They see, russia, russia, russia and the president is a racest, et cetera. Thats true. When the economy is not in play that is all they will ever see. Now that the economy is coming back in place, stuart, i think the economy you will see every day increase the exposure on front pages of all the papers in the country. I think the economy will be the message by the end of this year going into 2019. Stuart dream on, art laffer. I am a dreamer. I will be allowed to stay here, arent i . Stuart yes, you are. Just joking. Stuart youre okay, so dont worry. Thank you. Stuart youre a greatgrandfather, i couldnt kick you off the set. No, you couldnt. Stuart that same cbs poll, more people, tax cuts benefit the elite. That is it. Why do they get that impression . Who knows. Who knows. All the democrats can do is say that, say that, say that, and theyre wrong, wrong, wrong but i think as time goes on i think you will find that feeling and that view of the world will dim finish dramatically. The booming economy, more jobs, bonuses, all of this stuff will take center stage. I am very optimistic, stuart, that our story of the economy, yours and mine and some others will become the at the end of this year in 2019 and into 2020. This is the long bull market. I watched the same thing happen with reagan. By the way, identical set of events. It really played out very well in our favor after the tax cuts once took effect and we won the election. As you know in 1984, only 491 in states. Stuart oh, i remember it well, actually, art. Wasnt it wonderful . Stuart it was just great. Okay, now as you know, protests are beginning in switzerland because President Trump is planning to attend the World Economic forum in davos. I want to know, art laffer, what did you say, what did you do, when you first heard that our president is going into the belly of the beast, davos . I nearly fell off my chair. What say you . I did too. I really did thing. I think in davos thing is worthless. It is a silly little thing for elite people to play with each other in switzerland in nice fancy hotels. I know who started it. I was on the board of vivendi with john marie messier. They wanted me to go. I dont do those things. I think they are a waste of time. The administration is going, almost all of them, top seven or eight are going together to do that. God knows what they think they will accomplish. Let them go. That is their call, not mine. Stuart i would love to be a fly on the wall. I dont want to go. I would love to be there in certain way. I dont think you would. If you were a fly on the wall you would freeze to death up there. It is about the most desolate place ever seen. It is rich europeans playing with each other and skiing. It is terrible. Stuart why do you think i left europe, for heaven as sake . Why do we go back there . I have been to davos it is just eh, it is exact community i love rural kentucky. That tells you where i am. Stuart would you go out on a limb be and call davos a hell hole . No, i would call it a fancy little club resort. Those little fancy clubbers. By the way President Trump does like those type of milieus, those types of places. He likes them a lot. I personally dont. I was raised in fairly fine conditions and got to go to these places when i was young. I really never liked them. I still dont like them. Stuart that is a good outcue. Art laffer, youre all right. You can stay as long as you like as a dreamer. I am a dreamer. Stuart now i have to bring a warning to everyones attention here. It is from nasa, the space people. They are warning about astronauts who may be traveling to space on the Spacex Dragon or the boeing star liner rockets. Issued a warning, may not be safe. Tariq malik space. Com managing editor is with us now. Do you share that concern . This is private enterprise putting astronauts into space. It used to be a public enterprise. Are you worried about this. What is a bit surprising that the concerns these companies, spacex and boeing may not meet nasa guidelines for safety for astronauts themselves. They have to be certified to be able to fly, astronauts and customers too, private customers and tourists to make sure they are safe. Nasa says they are not there yet. The risk nasa will accept is one in 270 chance of someone being seriously injured or god forbid a loss of life for astronaut. That is stricter than nasas own Space Shuttle risk. It is a high bar they set. Theyre not there yet. Stuart was it a play by nasa to bring the entire Space Business back into the Public Domain and take it away from private enterprise . I dont think that is the case at all. I think right now nasa says we have to meet these guidelines to make sure our astronauts are safe, your customers are safe, youre making a safe spacecraft. Now these companies are still not even at the level of testing that is supposed to happen later this year. Spacex and boeing are slated to launch the first test flights. After those missions launch, they will look at this to say how did this perform . Do they meet the guideline. What do you need to change . Nasas contract with russia to launch american astronauts on russian spacecraft ends in 2019. There is finish line to get these things done. The same Advisory Board says you can not rush these things. You have need a gap if needed. The companies cant have go fever which nasa experienced with the in the past with challenger accidents. Stuart you know what happened to the supersecret Spy Satellite lost on the spacex rocket . The zuma is saying accident spacex. Northrop grumman which built the spacecraft saying nothing at all. There are reports that it fell into the indian ocean. Spacex says the rocket did fine. The sightings from pilot seem to suggest spacexs rocket did all the things it needed to do. Very possible of what happened is on the contractor. Stuart it might be in the indian ocean. Are they trying to get it back with big nets . They can do that the National Reconnaissance office have gone up and fished up Spy Satellite stuff from the ocean in the past. Jeff bezos found old poll low 11 rocket engines from the ocean floor. They really want the thing back they can go out and find it. Stuart they bet get it before the chinese or russians do. Ashley if it iser secret it could be doing exactly what it is supposed to do. That is possible. There is whole cadre of people look for the things in space. They are really excited this, is the week if it did get up there, its orbit would come over north america. So theyre looking to see if there an extra thing up there. Stuart that was good. That was good. Conspiracy theories are good every time. Thank you very much, terry. Now this, the tax bill, it takes away salt deductions and caps property Tax Deductions in hightaxed states like california. Joining us is eric eckerd. From the Real Estate Brokerage firm purple bricks. I know up something going on in california. Why would anybody want to buy an upscale, sort of a 1 er type home in california when that group of people is going to get so hard hit with the tax cut . First off, thank you for having me on the show. Entering into the u. S. , specifically california is part of our national progress. We launched the uk in fought fourth. In three years we came stuart that is your talking points. That is your commercial. What are you doing in southern california. To get to your question, particularly california opportunity to enter a market with largest market based on transactions. Stuart what are you doing to convince people to buy upscale home in california in general. California has attributes. Number one, quality of living. Opportunity for Strong Economy. It is the sixth economy stuart wait a minute. If i buy an upscale house in california, presumably im an upscale kind of guy, i will get clobbered by this tax cut. What are you going to do about that . In purplebricks, there is cost side of 3200, specifically why california folks buying in that demographic given where salt is today, only impacts 6 of the market specifically, or 5 rather paying above 10,000 in taxes. Stuart that is a lot of people. Its a lot of people. Look at mortgage deduction, it affects 6 of the economy. Vast majority of americans across the u. S. , including california which is your focus it will not have an impact on. We believe the low levels of inventory in todays market will offset any potential Price Reductions in the price range. Stuart potential Price Reductions, that intrigues me. Youre saying yes, there could be price cuts on upscale homes because of the tax deal . Im saying it is still too early to tell. There is a lot of speculation last year when the bill was going through the house and the senate because folks didnt really know where certain caps would be placed or what some of the changes would be. What im saying we fast forward six months from now, we have some data, i could point back specifically what happened to the markets. Our view given the lack of inventory, that is the theme in the u. S. Market. Inventories are down 10 last year 6. 1million. Market absorption is 3 months. What does that mean. It is sellers market. We think that could offset or counter any potential de. Stuart eric, thank thank you fr being here. Good stuff. Thank you for having me. Stuart a passenger jet in turkey plunging down the side of a cliff after skidding off the runway a few feet from the black sea. Dont worry, all passengers and crewmembers got off the plane safely. That is quite a scene. Look at that. Ashley how would you like to be on that plane . Stuart wouldnt want it. Wouldnt want it. I hope my seatbelts with on. Futures predict and show when the market opens well get real close to 26,000 on the dow. Yes, we open up tomorrow morning. The dow should be up 26 points. Well be right back. Hi im joan lunden. Todays Senior Living communities have never been better, with amazing amenities like movie theaters, exercise rooms and swimming pools, public cafes, bars and bistros even pet care services. And theres never been an easier way to get great advice. A place for mom is a free service that pairs you with a local advisor to help you sort through your options and find a Perfect Place. A place for mom. You know your family we know Senior Living. Together well make the right choice. Ashley qunnipiac poll shows 49 believe president obama is responsible for the current economy. 40 believe President Trump should get the credit. Bob funk says mr. Trump is the one who should get the thanks. Roll tape. We saw the gates open fairly wide when trump was elected. Then of course once the tax bill was passed we saw job orders flowing in like weve never seen them for many years. So we believe that the trump tax reform bill really opened up the gates for more employment. And what is a better place to put your money then back into the employees that do a great job for you. Stuart youre a Staffing Agency i think and youre telling me when the tax bill came through, as soon as it was done you got a flood of order for new jobs opening up, is that correct . Thats correct. We have as many as 20,000 open job orders per week. Were excited about okay, i picked out my dream car. Nows the really fun part. 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Searching for answers may feel overwhelming. So start your search with our teams of specialists at Cancer Treatment centers of america. The evolution of cancer care is here. Learn more at cancercenter. Com experts stuart to california. Recovery efforts on going after dreadful mudslides. Hillary vaughn standing by. The latest please, hillary. Reporter hi, stuart. Right now theyre trying to get this freeway that is clogged with debris and mud cleared because usually at this hour it would be packed with at least 100,000 cars driving from l. A. To Santa Barbara county. But as you can see it has been completely blocked off. They are working to clear it. They are working inch by inch. Theyre working a dewatering process where they use sixinch diameter pipes to suck up the mud. Theyre using shovelers to push the mud down, consolidate it to try to bring it up. They had to clear out several vehicles. A lot of debris as well. But i want to walk you through the damage. At least 65 moments have been completely destroyed. Nearly 500 others have been significantly damaged. Eight businesses have been burned. 20 have major damage. Only 35 of damage has been assessed. Were expecting those numbers to rise. The surge of mud stormed through here a week ago but theyre still looking for four missing people. Crews are working through, digging through debris, hoping to find some people still alive, trapped below, but right now, the main order of business here getting this roadway clear because hundreds of thousands of people have said theyre going to be out of their neighborhoods for several weeks. They have no timeline yet when this could possibly be cleared. This is all mud, a twomile strep of one of the busiest freeways in southern california. They have no idea when this will be clear, when people can get back into their neighborhoods, what is left of it. More bad news, the rain is on the way. All this work here, could be completely washed out, stuart. Stuart extraordinary pictures of 101. I know it very well. When you see is a sea of mud that is incredible. Thank you, hillary. As you know this is Martin Luther king day. The markets are closed but those futures contracts are trading and give you a very good indication how the market will open when it opens again. Well get close to 26,000 on the dow industrials. More varney after this. Stuart will you look at this . This is the indonesia stock exchange. That was a balcony looking into the exchange. It collapsed. 70 people were injured. No one died fortunately. Many people on the balcony were youngsters. Ashley incredible no one lot of their lives in that. First thing was considered this was terrorist attack. This particular exchange had been the target of an attack. No, it was the balcony gave way. Incredibly no one killed. Stuart extraordinary. Then there is this, Chelsea Manning, convicted secretsleaker. Many people call her a traitor. Says she is running for the u. S. Senate seat in maryland. Ashley she is indeed. Taking on twoterm democrat senator ben cardin. Chelsea manning just announcing this weekend she will be running. There are questions about whether or not she will be, as far as convicted felon be allowed to run. What are the rules on that. She was granted clemency to be absolutely clear by president obama after given 35 years for leaking secrets to wikileaks. He gave clemency last year. Clemency does not allow the crime to be forgotten. The question when she files papers, there are question, will she be allowed to run . At this point no one said anything. She is accepting donations for her senate run. Stuart when she runs there will be a primary, how many votes she gets in the primary. Ashley will be interesting. Stuart interesting idea about the state of the democrat party. Ashley right. Stuart because ben cardin, a sitting senator. Ashley twoterm. Stuart he wants another term. He is kind of a moderate, at this point. Ashley i think so, Chelsea Manning clearly will be way out there on the left. Ashley she is. Stuart how many votes will she get . A good indicator. We got this one, a driver, with a video, making a mistake while hitting a Police Officer in times square. What happened, ashley. Ashley that driver as you can see there, was doing doughnuts late in times square around midnight that Police Officer identified as 26yearold ian wallace. What he tried to do, tried to stop the car, putting his hands on the hood. The car got around him for a little while dragging him. He gets off chasing after that car. That is new yorks finest. Look at this, trying to stop this car, the car eventually, oh, he falls on to his hands and knees there. He is okay. He had a few minor injuries. Doing fine. Stuart then the cops went after him with guns drawn. Ashley you know what the car got away. Stuart still looking for the driver. Ashley got away. Were waiting to see. Lost them. Stuart he is in trouble. Thats is fact. Ashley yes. Stuart you are watching the second hour of varney. Stay tuned for the third hour coming up next. We came to manage a trillion dollars in assets under care, by focusing our mind on whatevers on yours. From godaddy in fact, 68 of people who have built their. Website using gocentral, did it in under an hour, and you can too. Build a better website in under an hour. With gocentral from godaddy. To to me hes, well, dad. Son pro golfer. So when his joint pain from Psoriatic Arthritis got really bad, it scared me. And what could that pain mean . Joint pain could mean joint damage. Enbrel helps relieve joint pain, and helps stop further damage enbrel may lower your ability to fight infections. Serious sometimes fatal events including infections, tuberculosis, lymphoma other cancers, nervous system and Blood Disorders and allergic reactions have occurred. Tell your doctor if youve been someplace where fungal infections are common. Or if youre prone to infections, have cuts or sores, have had hepatitis b, have been treated for Heart Failure or if you have persistent fever, bruising, bleeding or paleness. Dont start enbrel if you have an infection like the flu. Since enbrel, dads back to being dad. Visit enbrel. Com. And use the joint damage simulator to see how your joint damage could be progressing. Ask about enbrel. Enbrel. Fda approved for over 14 years. Stuart a recent poll asked who should get the credit for the economys recent Strong Performance . 49 said president obama. 40 said President Trump. Why does mr. Trump get so little credit for what i believe is his successful Economic Policy . First reason, the economy, the growing economy is hardly covered by the media. What comes at you on a daily basis is not growth, jobs and business, its trump is a racist, trump is a threat to humanity and impeach him when your news feed is so dominated by contempt, its hard to break out and see whats really going on. Theres another reason. Several, actually. The academics have been feeding us a line that tax cuts dont produce growth. Wrong. They do. John kennedy, Ronald Reagan and bush 43 cut taxes and gave us growth. And then theres the left telling us the benefits of tax cutting go to the rich. But if almost all federal income taxes are paid by the top 10 of income earners, of course theyll do well with tax cuts. While the left ignores deliberately this time around tax cuts are being passed along to millions through bonuses and wage increases, and the whole country benefits from a growing economy. We must also say that on occasion the president is his own worsting enemy. Worst enemy. Surely, if he reined himself in, he would give less ammunition to his political enemies, and he would get more credit for the extraordinary success of the trump rally and the trump economy. The third hour of Varney Company is about to begin. While cnbc is on tape, were open for business. Stuart oh, yes, we are. [laughter] wall street yet closed today, Martin Luther king jr. Day, but we are indeed live, about as live as anybody can be. Yes. Stuart Vice President pence and his wife karen laying a wreath at the memorial to the civil rights leader yesterday in washington. There is also free admission today to our national parkings. Martin luther king day. Yep, the markets are closed, but they are actively trading those futures contracts. Were going to go up when the market opens tomorrow morning. We are roughly, what, 197 points away from dow 26,000. It has been an extraordinary rally, has it not . Yes. January the 15th. Stuart january the 15th, thats right. Come in capitalist Pig Hedge Fund manager, i always pronounce that word with some venom. How are you . [laughter] i have to say, stuart, president ial name drop on the twitter feed . Stuart yes. Ball out of the park, my friend. Stuart shall i tell our viewers that, yes, the stuart, stuart was namedropped on the president s twitter feed to his 45 million followers, and the tweet was left up there for quite some time, stuart. So stuart thank you. Nailed it. [laughter] stuart now what are you going to do for me today . Well, lets talk about the market stuart yes, we are. Are we going to hit 26,000 this week . Were right there, stuart. And, you know, its were essentially there, were just a couple of points away. Its indicating that the trend continues to be up. I think as you said, much to many peoples disbelief that a trend that admittedly started under president obama has continued and even quickened under President Trump. Theres no argument to that. And as long as we continue to see stocks making alltime highs in the market, making alltime highs, theres just no reason to think it will reverse other than people are getting too bullish. More money invested in stocks than they did in the 2000 bubble, so i think thats the one reason for worry i have right now. Stuart okay, understood. I want to talk about facebook. Theyre making business posts less prominent and posts from your family and friends more prominent. You think that Mark Zuckerbergs obligation is to his investors, the shareholders, the owners of the company or to his customers . Which is it . Its the same thing. Stuart, its the same thing. How do you deliver to investors without delivering to customers . Its, theres no, theres no schism, theres no schism there. And i think people have always tried to second guess zuckerberg. Remember when they put videos in the news feeds and said, oh, its going to be so distracting. Or remember when it was only the young people are leaving facebook. You know, the stock continues to perform. And theres tremendous competition in the space, ill give you that. This might be their downfall, but Mark Zuckerberg and facebook have continued to innovate, and i dont doubt them on this move either. They see something, and theyre leaning away. Stuart a, do you own it, b, will you buy it at 179 . I dont own it, but i should have. Again, stuart, its a classic case of could have, should have, would have. Buy what you know, and those who bested the doubters on facebook have made bank. Stuart yes. Well said. [laughter] jonathan hoenig, capitalist pig kind of guy. Thanks for joining us, jonathan, youre all right. Be well, stuart. Thank you. Stuart now, i want to talk retail. This is the sector which benefits significantly, if not more than any other sector, from the tax bill. However, we are told that 12,000 stores will be closed this calendar year compared to nearly 8,000 closures last year. On your screen right now, these are Retail Stores that have featured closures across the board. Lots of Big Companies, lots of closures. And look whos with us, the guy who runs the National Retail fed ration. His name is matt shay. Frequent guest on the program. You dont look so happy this morning. No, really . [laughter] stuart you are the principal beneficiary of the tax cut deal, and yet we are told and i dont think youre going to contest this 12,000 brick and Mortar Stores are going to close. No, i wont contest it. 6080,000 stores will open this year including many, many retailers, thats out of 1. 7 million, so i dont want to argue some close, but weve got to put it in context. Stuart its the big guys, the malls, the Department Stores are closing left, right and center. Thats a big deal. We can have a conversation about the real estate, i think, and we can talk about the people who represent the theres no question the u. S. Is overbuilt. Were coming off an amazing holiday season. We released our results on friday, 5. 5 growth. We havent had growth like that since before the recession, 2006. And to your earlier segment, your leadin to the top of the hour, the administration, the president , the Republican Congress deserve enormous credit for that result. Its due to the fact Consumer Confidence is high, Unemployment Rates are very, very low, and businesses are finding a way to compete success isfully in that environment. Successfully in that environment. Stuart you are one of i think it was 100 ceos who signed a letter urging congress let the dreamers stay, protect the dreamers, get daca. Why did you sign on to that letter . Well, ill leave out the humane reasons, and ill talk about the business reasons. The business reasons are one of the fundamental strengths of this country is the diverse work force, the immigrant population that has always looked to the United States as a place to build new life, business and be entrepreneurs and risktakers. If you look at the businesses that have been created, how many of those are founded by immigrants and sons and daughters of immigrantings. With an unemployment immigrants. With an Unemployment Rate this low, we need to feed some fuel into that big furnace stuart still going to get a Million Immigrants per year coming into america. Thats hot going to be stopped. I think this is sort of representative of a bigger issue. This is a component and a very important one for many people, 800,000 that are going to be affected, but we need a fundamental, comprehensive stuart and i agree 100 , but are you okay with a deal that says, yes, build the wall, end chain migration, but the dreamers can stay . Would you accept that deal . We havent had that level of detailed conversation with our leadership and our board. I think Stuart Stuart i suspect you would not accept that deal. You dont want a wall, and you dont want end of chain migration. Do you or dont you . I think well have to stuart are you, are you going to tell me that you want the wall or no . I think a wall is a question that most retailers dont think about every day. They think about how they operate their businesses in a dynamic, and changing environment, and that includes investments in people like immigrants who will continue to stuart you know, you used to be a favored guest on the program because you answered questions directly, but you wont tell me whether you and your organization favors the walls or not. Not until i ask my ceos. We havent had that conversation, no. Were talking about tax reform, were talking about moving forward on regulatory reform. Weve got 7,000 people 37,000 people at our convention. Stuart youre good. Shift the story away. 5. 5 growth, a great story. Stuart okay. Matt, youre all right. We appreciate you being with us. Thanks, stuart. Stuart all right, now this, visa, the credit card company, theyll no longer require you to sign for purchases. I think you know that. They say that improved security features on cards chips, for example allow for this move. Mastercard, american express, discover theyve already said signatures are no longer required. Were in it. And this, ford increasing its investment in electric vehicles. Itll spend 11 billion in the race to catch up on batterypowered cars. It plans to develop 16 fully electric vehicles, 24 hybrids by 2022. A total of 40 electrified vehicles in one respect or another. Thats ford motor company. Looks like the Student Loan Debt crisis going to be worse. According to brookings, 40 of students who entered college in 2004 will default on their loans by 2023. 40 . Thats to combat the crisis, experts say there needs to be an increase in borrowing protections as well as increased education on loans. I havent a clue what that means. [laughter] now, to the hawaii false alert. The feds say hawaii lacked reasonable safeguards. The governor has apologized. But who should be held accountable . The person who pressed the button, the wrong button . Some on the left are already blaming the president. Well be joined by hawaii resident who woke up to a frantic call, and shell tell her story what was it like that morning. And democrat senator dick durbin came out of the immigration meeting swinging at the president , slamming his use of the words chain migration. We have a clip of senator durbin using the same term back in 2010 when he apparently okayed it. Ann coulter on that in a moment. First, i want to show you this, President Trump giving me another shoutout, this time on twitter. I guess hes watching. [laughter] yeah, hes watching. Third hour of Varney Company only just beginning. Well be back with more. Stuart senator dick durbin, hes the dt leading the charge saying President Trump did use racist and vulgar terms during that Oval Office Meeting. Okay. Heres what dick durbin said last week about the term chain migration. Roll tape. I said to the president do you realize how painful that term is to so many people . Africanamericans believe that they migrated to america in chains, and when you speak about chain migration, it hurts them personally. And he said, oh, thats a good line. Stuart all right. He said it was chain migration described as painful. Okay. Now listen to senator dick durbin in a clip from 2010. Roll that tape. The dream act would not allow what is known as chain migration. In fact, dream act students would have very limited ability to sponsor their family members for legal status. Stuart okay. Seems to be a little bit of difference there. [laughter] look whos here, the author of in trump we trust, ann coulter. Is mr. , senator durbins credibility in question . Im sure you would question it. I am so glad you ran that, because i dont know if youve noticed, i mean, the media has talked about nothing right. Since, but they havent mentioned this line from durbin. Even the left realizes, um, thats not going to help us. [laughter] dont mention it, dont tell anyone he said something so monumentally stupid. Once again im reminded trumps instincts are so good. It is just the right thing to say, thats a good line. [laughter] it is so silly, and lets oh, sorry. Stuart before they went into that meeting, im being pejorative here, but do you think its possible [laughter] stop laughing. Do you think that the democrats went in thinking, you know, whatever he says on immigration, anything he says on foreign countries, anything he says about foreigners, we can make that full of hate, and thats what they did . Am i imagining things . Well, durbin has a history of this. He invents conversations. He did when obama was president claiming representative cantor said something nasty to obama. The white house denied it, cantor denied it. No, durbins famous for this. Also it needs to be pointed out that of the people in that meeting, so far four of them have expressly denied President Trump said anything along the lines of what durbin is claiming. Durbin has had to retract his description of what he said. One of the big, in fact, the nastiest thing according to durbin that trump said was about the haitians, kick them out. Like kick them out of the country. Well, durbin later clarified and jake tapper on cnn, ill give him credit for that when he said take them out, he meant take them off the temporary protected status deal. Not take them out of the country, but take them out because theyre suffering so much. Its exactly the opposite of the impression durbin so hes already retracted. Meanwhile we have, well, trump himself even if you want to exclude him, senator perdue, senator cotton, director of Homeland Security expressly saying this is a lie, trump did not say this. So, yes, of course the whole thing was made up. I also want to point out here leaks are treated very differently by the media. If its a leak that hurts the republicans, all that matters is what the substance is. But lets flash back to the memos that leaked from the democrats on the Judiciary Committee back in 2001, 2002 when bush had nominated Miguel Estrada to the d. C. Circuit. The entire it was called memogate because how dare you access, there was no hacking involved. How dare a republican access memos that democrats were sending to one another. You know what they were saying . Weve got to block Miguel Estrada because hes hispanic, and hes headed for the supreme court. What was the media fixated on . No, no, we cant talk about the substance. We want to know and the guy who accessed them, miranda, i think his last name is, another hispanic working for republicans, he had to resign because he accessed memos. How about pentagon papers . No, we dont care that those were leaked. No, no, else burg, hes a hero. Stuart hold on, ive got one minute left, and im determined to get this in. Nancy pelosi blasting the tax cut bonuses. Roll tape. In terms of the bonus that Corporate America received versus the crumbs that they are giving to workers to kind of put the schmooze on is so pathetic. Its so pathetic. I think its insignificant. Stuart we couldnt resist. [laughter] weve overplayed it, i know, but we couldnt resist it. By the way, that compares to a tweet back in 2011 during the Obama Administration where nancy pelosi said, and im quoting now, todays agreement is a historic victory for the american people. They spoke out clearly, and 40 each paycheck will make a difference. [laughter] you know, its very bad for liberals if you remember what happened yesterday. [laughter] very bad. Stuart thats very good. Very good. Thanks for coming on again. Always appreciative. Thank you very much, ann. Thank you. Stuart weve had many people on this Program Champion legalizedded marijuana. Very soon were going to be joined by a District Attorney in colorado. Hes going to give us a firsthand account of what the effects of Legal Marijuana has on communities. He doesnt like it. Kentucky becoming the first state to approve work requirements for medicaid recipients. More on that coming up for you. But first, check this out. New video released by nasa showing the orion nebula. Thats right whoa, cool. [laughter] stuart okay. I was confused there. That is impressive. You get it all and thats the empire state building. [laughter] you get it all on Varney Company. Shes nationally recognized for her compassion and care. He spent decades fighting to give families a second chance. But to help others, they first had to protect themselves. I have afib. Even for a nurse, its complicated. And it puts me at higher risk of stroke. That would be devastating. I had to learn all i could to help protect myself. Once i got the facts, my doctor and i chose xarelto®. Xarelto®. 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If youve had spinal anesthesia, watch for back pain or any nerve or musclerelated signs or symptoms. Do not take xarelto® if you have an artificial heart valve or abnormal bleeding. Tell your doctor before all planned medical or dental procedures. And before starting xarelto®about any conditions, such as kidney, liver, or bleeding problems. Its important to learn all you can. To help protect yourself from a stroke. Talk to your doctor about xarelto®. Theres more to know™. Retail. Under pressure like never before. And its connected technology thats moving companies forward fast. Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. Stuart the markets are closed, we are open. Our competitors are on tape. Now this nasa has unveiled its new parker solo probe, it can go from london to new york in 28 seconds. This probe is built to travel to the sun to analyze the dangers of solar wind. Virgin galactic has completed another successful test of a space plane, Richard Branson says theyre on track to take passengers on test flights as early as april. 700 people have reserved their seat for a trip to space. Last one, nasa scientists have picked up an ice sheet on mars. The ice is relatively pure, partially exposed on mars surface. Some saying this could be a gamechanger for human exploration of that planet. Next, we have another company thats giving bonuses as a result of the tax plan. Yes, another ceo giving out the bonuses who was who is with us on program next. Whoooo. When it comes to travel, i sweat the details. Late checkout. Downalternative pillows. And of course, price. Tripadvisor helps you book a. Hotel without breaking a sweat. Because we now instantly. Search over 200 booking sites. To find you the lowest price. On the hotel you want. Dont sweat your booking. Tripadvisor. The latest reviews. The lowest prices. While cnbc is on tape, were opr business. Stuart oh, yes, we are [laughter] the markets, yes, they are closed, its mlk day, but dow futures theres a contract on dow futures actively traded. And if we opened up tomorrow morning like that, well be at 26,000 in no time. Lets wait and see. Kentucky, the first state to approve work requirement for the medicaid recipients. If youre ablebodied, youre getting medicaid, youve got to get a job or training or youre off medicaid. Joining us now is peter cove, the Work First Foundation founder. A lot of people say this is cruel, that if youre getting medicaid and youre ablebodied, you should stay on it. What say you . They said the same thing when welfare reform happened in 1996. Stuart under a democrat, bill clinton. Thats exactly right. And what happened . Work worked, and the rolls went down by over 60 in ten years. And despite people like senator monaghan saying women and children were going to be on the streets dying, didnt happen. Stuart now, it sounds harsh, but are you flushing out the people who are just freeloading . Well, you may be, and that may be harsh, but i think if someone is ablebodied and we have a job available for them, why not have them go to work . Because its mlks birthday, i just wanted to read, quickly, a statement he made. He said all labor that uplifts humanity has dignity and importance. That resonates with me. Stuart okay. Suppose, just suppose, a hypothetical, youre a mother, youve got three children, youve got to stay home to take care of those kids, and you are a single mother, single parent. You get medicaid. Would you be kicked off . Because you really cant go get a job ebb when youve got three kids at home. As long as daycares available, if it is, she should be able to go to work. That is what we did in 1996, and thats why the rolls went down, and people went to work and no one went starving. Stuart you were in a meeting just the other day with speaker ryan and other senior officials in the administration. He was saying, look, were not going to get to entitlement reform this year. What do you make of that . No, he did say that, but theres so much the administration can do with laws that are on the books right now. For instance, we could have and should have under the law of 1996 mandatory work for people who are on food stamps. During the Obama Administration, they watered that down. They can just take that law that exists right this moment and reup it and really exert work requirements. There are many other places within the law where the government can execute welfare reform at this point without any new laws. Stuart and it sounds like President Trumps going to push it too. Peter cove, thanks very much for joining us this morning, we appreciate it. Thank you, stuart. Stuart yes, sir. Now, one colorado official says the legalization of marijuana for Recreational Use and thats happened in his state he says its bad for his state. He joins us now to explain. His name is dan may, hes the El Paso County District Attorney. So is would you list so would you list whats the problem that you have with legalized Recreational Marijuana . Good morning, stuart. If you want to look behind me, youll see its a great day for skiing in colorado. [laughter] its sort of what area do you want to talk about, our crime increase, our black market, what its doing to our kids, what its doing to our environment. I mean, its stuart okay. Lets deal with this one at a time. You say theres a crime increase. What kind of crime do you link directly to Recreational Marijuana . I cant tell you why, but weve had the opposite effect of what you saw with prohibition. We have had a huge spike in our black market. The black market is greater today than its ever been in the history of colorado. We have cartels from around the world, laotian, vietnamese, i cuban, mexican, you name the south american country, you name the asian country, china, they are here. We have grows that range between 2500 and 22,000 plants. My favorite last year is when they found an island on the colorado river, 9200 plants, illegal operation. Stuart but if you made it illegal all over again under any circumstances, well, nothing changes, does it . Youve still got the cartels, youve still got a black market. No, weve had a huge increase since when it was illegal, we didnt have these kind of black markets. Denver itself, mitch morris who was the d. A. Up until last year, said they had a 900 increase in illegal growth. Theyve had a 99 increase in illegal distribution. Stuart but that is explainable in that if youre a state that legalized it and youre surrounded by states where its not legal, youve got to understand people coming into the state. They want to buy it. And so the Growers Supply it. I mean, i dont see how it would change that much if you suddenly reverse course. But anyway, how about other forms of crime . You say that other crime has spiked. Like what . Well, weve certainly seen, if you have seen our articles on vehicular homicides or auto accidents, at the same time, ive got to tell you aye been doing this for well over 30 years. When i first got elected, i was shocked at the number of marijuana murder cases we have. Last year at this time i had five separate murder cases in my court stuart hold on a second. I dont mean to interrupt you, and im sorry, i dont want to be rude. But you say marijuana murder cases. Are you telling me that people get stoned on marijuana and go out and murder somebody . Or are you telling me that they murder each other in the middle of a deal on marijuana, ilLegal Marijuana . Which is it . Yeah. Its the latter. It is, people are fighting over marijuana. Stuart well, then thats not the nature of the drug, is it . I mean, how many times do we have to hear this . Youre walking down the street, six guys coming toward you, theyre drunk, you cross the street. Youre walking down the street, six people coming toward you are stoned, you say hi. Again, what im saying is that theyre fighting over marijuana. Theyre killing each other over three ounces of marijuana, in grow operations. Boulder county just had a triple homicide in a grow operation. We didnt have these things in colorado before. We didnt have these murders before. Theyre both legal and black Market Operations where were seeing these murders. Youre asking me where the increase is, thats an absolute increase. You just cant deny it. You cant deny that we have a huge black market. Im hoping with california opening, theyre going to move out there. Im hoping that our homeless that have gone up 50 in 2014, 50 in 2015, 50 in 2016 go to california. Stuart okay. But i dont know that thats going to happen, and my police dont report that its happened so far. The last homicide of 2017 in my jurisdiction was, again, over wax. A 65 sale of wax which is a marijuana product. Stuart im sorry, im out of time, dan. Oh, you bet. Stuart its interesting. Its an interesting i do want to throw out one other, i do want to throw out one other real quick, stuart. Its had a huge impact on our kids. Every hospital has noted that babies are born with a higher incidence of thc in their system. Penn low right now pueblo right now, 50 of the babies are born with thc in their systems. Thats something people arent looking at. Stuart thats understandable, and i take your point. Dan may, everyone. Come back again, because its an interesting debate. Thank you, sir. All right. Now, weve been following a story, the growing number of Companies Giving back to employees after the tax bill went through. Listen to what one Business Owner told us last week. Roll tape. When we looked into our employees eyes and made the surprise announcement, some people had tears, there was applause. It showed our company, the flemington car Truck Company family of brands, respect their employees. Stuart joining us now is justin hill, Lawrence Paper Company owner and president. You are giving back to your employees. How much and to how many . Stuart, thank you for having me on. Were giving 500 to every employee, and they got paid that last friday. And i think theyre very happy out here in flyover country unlike pelosis san francisco, thats not crumbs. [laughter] stuart okay. Now, are you youre obviously going to get more money coming into the company because this profits tax cut. So are you giving it all to your employees, or are you going to hold some back and reinvest more in the company . Were investing a lot more in the company. Were doing a big expansion of our plant up in fremont, nebraska, doing about 5 million worth of new machinery for about 9 million, and we anticipate that if this economy continues to expand, were busy right now, its going to result in higher wages and more income for our employees down the road. Stuart can you find the talented and qualified employees that you want . Its difficult right now. Were basically, from our standpoint, at full employment. We work at it to get more employees. Stuart if you were to just give me a brief impression of the overall state of the economy and where its going, would you say that were about to get into an economic boom . Yes, i would. Traditionally, our industry which is cur gated core gated boxes, tracks gnp, it tracks it. The last few years its gone up a bit more because of ecommerce and the phenomenon of amazon and all the boxes going directly to homes. So our industry is strong, and we anticipate when some of this money comes back home from overseas, that its just going to get stronger. Stuart fascinating stuff. You make boxes and youre on our show, and youre giving bonuses. Thank you, sir. Much obliged. Thanks for being on. Thank you. Stuart totally different subject. Oh, and i mean totally different. Look at this. Nfl playoffs, the Jacksonville Jaguars will play the patriots in the title game. New england is 8. 5point favorites, how about that . The socalled miracle in minneapolis, it is the talk of the sports world. The saints had a onepoint lead, youre looking at it right now, that touchdown won the game, 2924. Last second play. The vikes play the eagles in the nfc championship. And now, ladies and gentlemen, bear with us, please. [laughter] that is a Manchester City soccer player. Yes. Stuart that was hes been involved in another remarkable sporting event. Youyouve come to the right plae for coverage. That man plays for Manchester City. Yes. Stuart up until yesterday, they were unbeaten for the entire season, and then 33 games, they lose. Stuart oh what . They lose at liverpool in a barnstormer of a game. Stuart well, no, the vikes was a better game. Well give them that. [laughter] now this. The hawaii false alert. Who should be held accountable . The person who pressed the button . The heft, by the way, is blame the left, by the way, is blaming President Trump. Were going to be joined by a hawaii resident. She woke up to a frantic call. Shes going to tell us her story, what was it like that morning. And weve talked about buying real estate, that is, with bitcoin. But Block Chain Technology could eventually reshape the way people buy homes. I want to hear more on that, and well given it to you in a minute. Big news from the auto show in detroit. The ceos of both ford and Fiat Chrysler, theyre talking tax cuts, and theyre talking to us. That story, 90 seconds. Ooooooh snap every truck guy has their own way of conveying powerful. Yeeaaahhh boy. Kind of looks like a monster coming to eat ya. Holy smokes. That is awesome. Strong. You got the basic, and you got the beefy. I just think it looks mean. Incredible. No way. Start your year off strong a new chevy truck. Get a total value of over 9,600 on this silverado all star when you finance with gm financial. Find new roads at your local chevy dealer. Stuart am i on . I am. [laughter] reporter the National Auto show. With your fox business brief. Or it could be stuart, who knows . Thats the new ford ranger behind me, by the way. I can tell you, theyre talking tax reform here. Sergio marconi telling fox business he has big bonuses for his employees and new investment in the u. S. Listen. Tax reform that was done in december went a long, long way in giving a huge jolt of confidence to this country. Reporter a lot of confidence here at the show. More varney is coming up and more of the auto show. Stay tuned all day to fox business. Nap achoo achoo snap snap achoo achoo feel a cold coming on . Zicam cold remedy nasal swabs shorten colds with a snap, and reduce symptom severity by 45 . Shorten your cold with a snap, with zicam. From godaddy in fact, 68 of people who have built their. Website using gocentral, did it in under an hour, and you can too. Build a better website in under an hour. With gocentral from godaddy. Stuart you have heard a great deal about bitcoin and how it could be a bubble and how its extremely volatile. Youve also heard a great deal about the Underlying Technology known as block chain. We are told that this Block Chain Technology could help the Real Estate Industry. Im not sure how that works, but thats what im told by the property man himself, bob massi. Come on in, bob. [laughter] youve got to explain this in a way that i can understand, which might be a difficult task, but go at it. Well, i think were both baby boomers, so im sure my grandchildren know more than i do about how this works. Let me explain it this way the way i understand it, its this huge database of information, and there is a theory out there now that by having accessibility to this database, stuart, that it can be used on several Different Levels of a real estate transaction; i. E. , finances, title issues on the property, just about any information you want to find out could be made available to the consumer. Stuart it seems to me that the whole concept of block chain and what it is and what it does is beginning to explode. For example, i was watching the nfl game yesterday, and i saw an ad for ibm, and theyve got a block chain project. Yes. Stuart so it seems like its exploding into your industry, the Real Estate Industry oh, yes. Stuart and this is the moment when its exploding, am i right . It is. And my heres some concerns i have because i think, you know, its an evolving concept. And as a result of that, were not sure the good, bad and the ugly of this. But one of my initial concerns is im not sure if its going to eliminate, stuart, the professionals from advising people of the information they find out; i. E. , real estate agents, brokers that are competent, lawyers, financial people that are involved in assisting people on purchase of residential or commercial property. Im not sure what role they will play if this information becomes available. And as a result, im concerned about litigation issues, im concerned about anybody thats going to break into some of this information. They say that its, you know, that its very secure, but weve seen how that works out sometimes. So i think its an evolving area that we have to be very careful of. Stuart it sure is. Its an evolving area, thats for sure. Bob, youre also fox news legal analyst, so heres a question can anybody sue or be sued over that false alert in hawaii over the weekend . Well, obviously, theres standing for people to sue for emotional disdress issues. Distress issues. Theres a hot of complicated legal areas. The sovereignty is always protected, the government protects itself from being sued. And i think whats going to happen here is youre going to see we know there was negligence on a part of this person that caused this problem. Youre going to have of to see whats the measure of damage. For example, my sons inlaws had just landed in maui, and i just texted them, and they sent me this email saying, well, were in lockdown, weve been told its a missile coming, not a test. Needless to say, it wasnt a comfortable feeling. Theyre stuck on an airplane. The questions going to be how to quantify that, and are there protections from the government so there are caps or they cant be sued depending on the circumstances. Stuart what a mess. By the way, dont miss the property man with bob massi fridays on the Fox Business Network. Bob massi, thank you very much, indeed. Heres whats next, you will hear a firsthand account from an hawaii resident. Is that right . A resident of hawaii. Thats better. Stuart okay. Shell share what it was like to wake up to panic. Stay right there, well be right back. Retail. Under pressure like never before. And its connected technology thats moving companies forward fast. Ecommerce. Real time inventory. Virtual changing rooms. Thats why retailers rely on comcast business to deliver consistent Network Speed across multiple locations. Every corporate office, warehouse and store near or far covered. Leaving every competitor, threat and challenge outmaneuvered. Comcast business outmaneuver. Stuart there were 38 minutes of panic r that false missile alert, 38 minutes in hawaii where they didnt know that it was a false alert. 38 minutes before it was rescinded. Joining us now with a firsthand account of what happened, virginia francis. Virginia, i know that you didnt see the alert on your phone, but i think you were woken up by the chaos around you. Take me through it, please. Well, yeah. I didnt receive the alert on my phone. I was woken up by a friend who had called me, and the first thing he said was there was an incoming missile. I was kind of in disbelief, of course, so i i asked him are you sure, and, you know, he said its not a joke. And then i looked on my phone, and i was seeing all over that everybody was posting about it. Stuart and then what did you do . I, i went to the windows to try and listen for the sirens, and i didnt hear any sirens, so i didnt know what was going on. Stuart what did you see . But i i saw cars were driving pretty fast. It seemed like people were getting kind of frantic. There was people walking on street. Some people, im not sure if they knew, and i was wondering about, you know, the people that hadnt been alerted. I was kind of worried for them. I started to close all of my windows. I didnt really know what else to do other than just try to listen and, you know . So i closed all of my windows, and i got my son stuart looking back on it, how do you feel . Um, im still a little uneasy about it. That was stuart well, well let you settle down, okay . [laughter] i think youre still a little upset about what happened, and i do understand that, for sure. Virginia, thank you very much for being with us. Im sure it was a traumatizing experience, and thanks for being with us. We appreciate that. Thank you very much. Okay, as you know, it is, indeed, Martin Luther kings day today. Were honoring the man, and the markets are closed. But futures are actively traded, and were going to go up. The market reopens tomorrow. Hope you can be with us, because were going up. More varney after this. Copd makes it hard to breathe. So to breathe better, i go with anoro. Go your own way copd tries to say, go this way. I say, ill go my own way with anoro. Go your own way oncedaily anoro contains two medicines called bronchodilators, that Work Together to significantly improve lung function all day and all night. Anoro is not for asthma. It contains a type of medicine. P. Should not be used more thn once a day. Tell your doctor if you have a heart condition, high blood pressure, glaucoma, prostate, bladder, or urinary problems. These may worsen with anoro. Call your doctor if you have worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain while taking anoro. Ask your doctor about anoro. Go your own way get your first prescription free at anoro. Com. whispering with the capital one venture card, youll earn unlimited double miles on every purchase, every day. Not just airline purchases. Think about all the double miles you could be earning. yelling holy moly, thats a lot of miles shhhhh shh whats in your wallet . Man shhhh stuart yes, we are. A let going on. Poor virginia, i think she was still in shock as we were speaking to us. When we open tomorrow, 25,941, up 140 points. 26,000 by wednesday . Stuart looks on the card, doesnt it. Were 197 points away from 26,000 on the dow. Futures suggest a gain of 140, 150 points. You have got to tune us in tomorrow morning 9 00. The market opens at 9 30. My times up. Neil, its yours. Neil that is why the markets arent moving . Stuart theyre closed. Neil now i know. Stuart were moving. Neil thank you, my friend, very, very much. We are looking at a tow not budging. It is so weird. I connected the dots. Closed for Martin Luther king day. We thought as a Financial Network though your money is at stake. There is a lot going on now with a deadline disappearing fast. We are talking about friday. They have got to come up with some sort of a budget deal. There is no sense of
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