Stuart good morning, everyone before we go anywhere let me tell you about nvidia it started out this monday to the upside again. Not quite the Huge Movement that were used to but the giant a. I. Chipmaker is close to 800 a share and evaluation of 2 trillion thats how we start the monday morning, little change the dow industrial will be up a little 13 points and nasdaq out maybe 22point Interest Rates the ten year treasury right around four and a quarter percent, 424. The twoyear is well above 460 right now for 69. Bitcoin trying to hold onto the 50000 level its 512 as of now. Hardly any change for enterprises, gas 3. 26 thats average for regular 4. 7 on diesel. That gas way down close to a twoyear low, 172. Politics, Ronna Mcdaniel will walk away from her job as chair as a Republican National committee she lost the support of donald trump, the former president said he lead a united unified Republican Party he won the South Carolina primary by 20 points over nikki haley but the wall street journal said not so fast the editorial reads Donald Trumps divided Republican Party haley got 40 of the vote, trump will need those votes in november, President Biden faces a challenge tomorrow in the michigan primary democrat to oppose his support of israel plan a writing campaign that will expose a divided democrat party, on the show and illegal migrant from venezuela is accused of murdering a student in georgia he came into the country through el paso illegally in 2022. Separately police have arrested six venezuelans for the brawl in times square last week biden special deal to bring in venezuelans has become an acute. On the show today houston man lislisten to his wife talk aboua merger when they both work from home, without telling her he invested in the company to be acquired he made 1. 7 million Insider Trading while working from home. He lost the money and faces prison time and his wife lost her job and filing for divorce. A cheat she even answering questions at a private fundraiser donors are anxious the contrast with trump is obvious he answers all questions no teleprompter and no cheat sheet ever. Varney company is about to begin this is a reference to trump, a lot of dark isnt it, do we have a screen on the lens, what is going on its not that bad in new york its pleasant actually. I forgot to give the date monday fibroid the 26th 2024 as i checked my notes. Listen to me donald trump won the South Carolina primary by 20 points, good morning what did he have to say. He said united the Republican Party. I just want to say i have never seen the Republican Party so unified as it is right now. Never been like this. Were to be appear on novembeo look at joe biden and were going to look him right in the, he is destroying our country and we are going to say joe, you are fired, get out. He won every single democrat in South Carolina will call it the gravitational pull of trump is pulling the party in. I say that even senator john thune number two a trump critic has now endorsed donald trump. The question is crossover appeal, can independence you largely like nikki haley back trump in the general versus joe biden. Stuart youre not supposed to say this in journalism but only time will tell or it remains to be seen. Another no, no in this business. Trump says republicans are united but take a look at this from the wall street Journal Editorial BoardDonald Trumps divided Republican Party, Brian Brenberg with me now, which is a republicans divided were unified. I dont think there divided as editorial says look at the issue at the top of everyones minds there donald trump issue, the border, the economy a battle between haley and trump in the longer she stays in the harder to get haley voters back on the trump site but this is trumps parties and issues he won by 20 points in South Carolina, her own state you cant tell me doctor hardy on the brink. Stuart Ronna Mcdaniel will step down as the chair of the Republican National committee next friday, that is more proof that trump runs the party. I think it is also republicans want to win i havent had the greatest track record under her lets be honest. Time for new blood trump is going to call the shots because is a leading president ial candidate you just have to do some math and figure out he is in the lead hes going to call the shots i dont know why we want to argue so much about that in this race. Stuart nikki haley lost in her home state South Carolina but she said she staying in the race, watch this. I said earlier this week no matter what happens in South Carolina i would continue to run for president. I am a woman of my word, im not giving up this fight when a majority of americans disapprove of both donald trump and joe biden. Stuart that is okay but she losses Financial Support of the coke family, can she say and if the money starts to run out . The thing keeping her in is the money, i dont know somebody will step and theres a lot of folks that would like her to stay again to be a divisive figure for republicans but if the money runs out, you need money or votes, shes not getting the votes to stay again and she doesnt have the money than she has no reason to be there. This is a case of people who really, really dislike trump and want to make sure theres a needle in the haystack that is the role shes playing right n now. Stuart listen to this California Governor Gavin Newsom makes an extraordinary claim about bidens age, youve got to watch this, roll tape. Do you think it is responsible for democrats to put him at the top of the ticket given those concerns. I review his record, what hes done in three years is a master class ive seen them up close and afar but heres my point is because of his age that has been so successful. Opportunity to express that for four more years what a gift for the American People in a as a democrat what a gift to make a case for the leader of our party joe biden. Stuart i dont how to characterize this. Gavin newsom is an artist to the michelangelo a political nonsense you could give him the most self controversy thing in the world and he will spend that in the tapestry and oh my goodness sakes joe biden is the most effective leader weve ever seen that is one man that knows hes headed to the white house for the democrats at some point and he saying whatever he has to say in the moment to make that. It is true artistry of the most cynical possible variety. Stuart a master class in govern tree. Thank you very much indeed we will see you at 1 00 p. M. Eastern on fox business. Check the markets please we are 20 minutes away from the opening of trading not that Much Movement but the movement is in the green. Jeff sica is with me. On a monday morning after a terrific week i want to talk about nvidias at the height of the a. I. Bubble. Every mega bubble has his baby and you had in the 20s rca. Stuart the 1920s . I dont go back that far. In the 90s you had cisco and now you have nvidia, to give you a perspective, nvidia increased market cap by 270 billion in one session. It was the biggest increase in market cap in history. Stuart is at the top of the bubble . I believe it is if you look at whats happening in the fact that you have the price increases with nvidia last week, the fact that the ceo made 10 billion in a day, what i see there is a massive amount of liquidity, thats known if you look at money supply that liquidity is going to stocks like nvidia and driving them up. If you look at the rest of the s p and take out the four Top Performing tech stocks, the rest of the s p is performing mediocre, there is no standout. Stuart is a dangerous that the market upside is heavily towards a. I. Stocks like microsoft and nvidia instead of the magnificent seven youve a fabulous for is that dangerous for the overall market. What will be more dangerous is a fabulous for to the terrific to because now for a market to be healthy and a rally to be healthy that market has to broaden and be more inclusive to more stocks and what we see with this market it is like a funnel becoming more dependent on fewer stocks as time goes on. Theres going to come a point where people will say appreciation and nvidia which by the way in one day exceeded the entire market cap of cocacola in one day. If that doesnt lead people to believe and im shooting myself in the foot i own the stock in 2018 i said a. I. Rested on nvidia and they were the key to it. Now its gone to the point is only thing that people want to buy and the only thing people want to talk about. Theres good, tipping point. Stuart we are not there yet. I went into a bubble binge over the weekend looking at bubbles, bubbles last a while. You could not call the moment that his stock is going to reverse. People have to realize you still might have days but to chase this youre picking up nichols in front of a steamroller, that could be a problem. Stuart jeff sica on a monday morning. Coming up msnbc warns that President Biden has a problem with democrats in michigan, roll tape. You cannot keep killing people with our money and keep thinking we are stupid enough to elect you again, we will forget. Im waiting to let go of joe biden, punished joe biden by making a one term president and burying his boss with the genocide in gaza. Stuart strong stuff, michigan voters are backed up in 2020 are turning on him. A College Student murdered allegedly by them illegal migrant from venezuela. Venezuela has stopped accepting deported migrants from the u. S. What now, ill put that to the National BorderPatrol Council brandon judd, he is next if your Business Needs a new application then developers will have to write code. A lot of code. 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We do better when our clients do better. At Fisher Investments, were clearly different. Hes taping an interview with seth myers. Madison alworth with us this morning. A dimension of him dealing with the citys migrant crisis today . There is no mention of that and it wont be far from the Roosevelt Hotel intake center, thousands pass through the hotel when they want shelter here in new york city, President Biden has been getting pressure not just from republicans but from democrats on the issue of immigration, fellow democrats calling for change, executive action has been floated to address the border but some are skeptical that politics could get in the way of that change. The fact is his politics support a better fit for the 7 million people. When the next census comes in 2030 the 7 10000000 people, most living in the lower demographic area will allow his party of the president ial in the house of representatives to do very well in redistricting. The president s visit comes as we learn the migrant accused of killing a georgia Nursing Student was arrested in new york city last year for endangering the welfare of a child then released before he made his way south. Migrant crime continued focus as the population increases when it comes to migrants here in new york city, over 67000 migrants actively in shelters here, there are estimates that we can hit 90000 by this summer. Even with an adjusted budget that brings down the cost of the migrant crisis in new york it still expected to cost 10. 6 billion over four fiscal years, new york city has accounted for 78 of the spending, the federal government to present. President biden is expected to talk about funding and running today is not about the migrant crisis rather for his reelection campaign. Stuart thank you very much indeed. A College Student laken riley was murdered by this illegal migrant from venezuela, he entered the country in 2022. Brandon judd joins me now. Venezuela is no longer accepting flights of deported migrants, i . This shows where were failing and where biden fails extensively he does not have a plan for the future in case things like this happen. The state department has the right to negotiate agreements with other same countries so we can send those people to those countries. He also has the right to put more pressure on mexico to accept these people. Theres a lot that the state department can do but that the administration failing to look to the future to see what is going to happen if a country refuses to take their citizens back, there is a lot we can do biden just doesnt have the fortitude to do whats necessary to secure our borders. Stuart biden got a deal with venezuela, they would hold free elections we could get their oil and would give a hundred thousand dollars special treatment to come to america, that deal is completely broken down and look at the violence and crime that we got because of that deal this is a disgrace for the biden administration. It is in laken rileys death falls on bidens head because he allowed this to happen. Again he is not look to the future and not anticipated what would potentially happen if the country backs out of certain agreements and if they dont follow through with their agreement, we have to recognize if we enter into an agreement with another country and they fail to uphold their appended agreement that is where he fails he does not play chess very well. Stuart what is the state to play on the border right now, im told the numbers crossing our down, is accurate . That is not accurate when you compare apples to apples, we dont compare january to december we compare january of 2014 january of 23 and when you look at january 24 we were up 12 and apprehensions over 23 and by the way we set a record in 23, we are on pace for another record in 2024, every single year that hes been in office weve set records for apprehensions and got a ways in deaths and everything that is bad on the border we continue to set records under this president is. Stuart if you wanted to the president could cut the flow right now with executive orders do you expect them to . Absolutely not in the reason he does not want to lose the large bases of support that want open borders. When you look at his underwater polling, hes very underwater but the 30 approve of what hes doing that is his basis support and if he goes against the base of support they dont show up to the polls and he is no pathway to victory. The governor of california says biden is conducting a master class in government, hold your laughter. Brandon judd thank you for joining us we do appreciate it. Thank you. Back to the market you always want to know where your money is its not doing much the dow is down a fraction, no change for the s p, the nasdaq up 13 points, thats a different contract, 18000 that is a futures market, opening bellas next, we will take you to wall street. Trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with tailored education. Get an expanding library filled with new online videos, webcasts, articles, courses, and more all crafted just for traders. And with guided learning paths stacked with content curated to fit your unique goals, you can spend less time searching and more time learning. Trade brilliantly with schwab. 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Is there a fear of missing out on nvidia and this was the talk of the town over the weekend, should i get in, should i sell there seems to be a fear of missing out, are you seeing that . I am i was in las vegas with a couple thousand, a lot of people that were happy this is great i am in but those who are not are definitely are not. Are there bit entering any big money people mutual funds or managers, are they out of nvidia a fear of missing out to get in. I have to tell you that is a sharp observation, i am hearing from my friends in low places there are many institutional managers who missed