The minimum fashion. People like donald trump are chaotic and breaking aspects of the system that havent served the American People well over the last couple of decades. Stuart isnt that a beautiful looking sky there in new york city . A hint of sun somewhere. We like that. Good morning, everybody. It is 11 000 on the east coast and it is thursday, february the 29th. Thatll be leap day. Got it. Check the markets. Im looking at the dow with a minor league loss at 15 points and nasdaq modest, very modest gain up 76. Big tech a bit of mixed picture in the trading session and amazon, meta, alphabet up and microsoft, apple, down. Check the 10year treasury yield is 4 pl 4. 23 . Well below 4. 25. Now this. Every day this week, we brought you an example of the president s decline. A stumble, a slurring of words, confusion, it can be painful to watch. When he appears in public, his decline is obvious. Now theres an account of how he handles meeting and discussion in private. More problems. Former speaker Kevin Mccarthy describes the president in closed door meetings. Roll tape. He still has a tell prompter but the tele prompter are carts. I found when i met with him i would just be a cup and will hed read from the cart. Card. If you deviate like i didnt sit and negotiate with him the debt ceiling. He just sticks to the cards. If you go if you deviate from the cards, he cant continue on ward there. Thats why i look, he served the country whether you like him or not. I respect the man for serving the country and thank him for that service, but hes not of the age that is best to be able to serve in the presidency, especially in the position he is Going Forward with what i have watched to serve again. Stuart evansville a oneonone, hes using cue cards and discussion going beyond whats on the cards and he cant follow. He only says whats written down in front of him so who writes the cards . That person is effectively running the show. Should not be like this. The president uses a cheat sheet when he meets foreign leaders and makes him look weak and you happen sure. Private gatherings of donors and that worries some of them. His handlers keep him underwraps for the most part and even in private he needs to be told what to say. Imagine trump using cue cards that tell him what to say. Unimaginable. This cant go on because no one believes biden can be president for another four years except perhaps joe biden. Its time his family, his friends and senior democrats told him its time to go. Third hour of varney starts now. Stuart Brian Brenberg with me this morning. The president using cheat sheets and note cards and more. Go. If you deviate from the cards, he has to end. What happens is theyre trying to convince us, the voters hes okay. Thats not the problem. The problem is the foreign leader that knows he needs the cards, who knows he cant input and integrate information. That foreign leader says, well, ive got this guy exactly where i want him and if biden really needs the cards that bad, it means our adversaries actually hold the cards, stuart. That has me so worried. Stuart does anyone believe this man, this president of our cans be president for another four years . Does anybody really believe that . I havent met anybody that believes that. I dont even think the folks helping him get there believe that but they believe they can write the note cards, which means youve got a shadow leadership in the country and hasnt been elected to do the job of presidency. Stuart right. I mean, if somebody is writing the cards and telling him what to say, theyre running the show. Cant be like that. Brian, stay with me for the hour, please. Getting to the markets and dow down 13 points. Small gain for the nasdaq up 66. Not that much Price Movement so far today. But ken fisher is here and hes a big hitter on wall street and joining us this thursday morning in new york. Ken, how should we read the inpolice station numbers . You have a certain way of looking at inflation, tell us. Its simple like one, two, three. First, never put too much emphasis into any one months data because its not that accurate. If the numbers come out with precision, the indexes dont reflect reality. Its not that accurate. Then remember that to some extent, the stuff can be luck in a month like broken clock at 6 00 p. M. Is you have to look at it at 6 00 p. M. It doesnt necessarily tell you much. And then third, remember that owe con mist and the central bank itself, fed, believe a wrong thing. They believe that if the economy is stronger, it m makes inflatin worse and have to get inflation down with a weak economy. It was false in the 1960s and false ever since but they believe that and theres agoation on how theyll react and trying to second guess crazy people is always crazy. Stuart sounds like you dont give much importance to Inflation Numbers on a daily basis. Well, lets think about that one way differently, stuart, and thanks for having me on as always. I do appreciate it. The trend in the longer term is always important. One month, two months and inflation is global. Most people get it wrong and not just the United States. We go the way the world goes and its important to keep an eye on the global numbers and nobody pays attention to that. Pretty benign and regularly Getting Better and trend going the right way. Global innation is below the average of last 30 years and moving irregularly and shouldnt get more excited than that. Stuart we have higher than most of the major markets in the world, including america. First, note most of the media saying youre completely right, stuart. Most of the media keeps saying its just a magnificent seven. Those six huge tech stocks and tesla and thats the bull market. The fact of the matter is you look at s p 500 last year. 348 of the stocks and 192 rose 20 or more and look at the world index and seeing world, 642 of them rose 20 or more. Take out the magnificent seven from the world and the world increasing on average in a calculated basis and the real killer as you said, if you protect suspect much. Hitting this career all time high in australia, denmark, france, germany, india, ireland, japan, netherlands, spain. Look up some place thats more tech heavy and taiwan and today and so this is a magnificently broad market and garmin fungal and slow down and going too fast and join the market as well as it lasts. And more. Stuart last one, does politics make a real difference. Is this rally due in part to maybe trump wins. So ill say the fourth year president s term, Election Years as ive often said on average, positive 83 of history going back into the 1920s and 11 average returns and years where the second year was negative like it was in 2022 and it had been positive every single time since the bottom of the Great Depression and all the victims of 15 but let me just say also that often the timing like inflation index isnt perfectly precise and precision is often seen as more than it really s. Theres a lot of volatility in stocks and move irregularly and moving them along and usually when we have this incumbent democrat then might lose because republicans should have seen as more business friendly, markets tend to be strong in the Election Year and relatively early in the year. When we have a republican incumbent back that might lose and stronger and later in the year. They might lose and youre completely right and stuart ken fisher, you know what youre talking about. Thank you for laying your expertise on us. That you cant for having me, stuart. Stuart excuse me. I had a could have. Lauren you okay . Say the movers. Take a look at snow flake. Put it on the screen. Down 19 and cloud stock for a company and companies are spending less on cloud stock ware and over four years ago and frank is retiring and i want to point out snow flake is consumption base and not a subscription model as a lot of compecompetitors and bidenomickenstock. Theyre so popular. You know theyre ugly. Stuart suburban identities coming out to the country and wearing birkenstocks and swatting at flies. Lauren call them urbanites. Stuart suburbanites. Lauren and they dont give discounts and always full price. If im saying all the good things, why is the stock down 15. 25 . Rose in the quarter by 22 and gooing for the margins. Stuart goat to beyond meat . Lauren no, shall i . Up 35 and upgrade and upgrade beyond meat got an upgrade and focusing on cost control and core products. Stuart i can take over now. Its just fine. Biden in trouble on the way to border. Trump heads to busy eagle pass. 2,000 apprehensions in their last five days. Biden going to brownsville and going for the crisis and hell make his case. Why hes been so quiet. After this. marci so, how long have you lived here . opponent over forty years. marci and how are the restaurants around here . Are they good, bad, meh . Whats the average Household Income . Is there a mall . I dont know. A hair salon . Where do you get your hair done . opponent you gonna move, or what . marci oh, im sorry. Its a lovely neighborhood. luke marci, weve gotta go. marci im coming luke weve got seventeen thousand more parks to visit. marci you wanna give me a hand . luke we bring you the best neighborhood info. vo ding dong homesdotcom. The future is not just going to happen. You have to make it. And if you want a successful business, all it takes is an idea, and now becomes the future where you grew a dream into a reality. The all new godaddy airo. Put your Business Online in minutes with the power of ai. Stuart biden is trump headed to the border with two very different messages and biden blames republicans for the crisis and trump blames democrats. Lydia hu in brownsville, texas, biden will be later on. Who do the residents blame . Reporter yeah, stuart, i got to talk to residents and point out the illegal border crossings have gotten worse under President Bidens watch. Listen. Weve been saying theres a problem down here long before biden got elected and hes done nothing to help us. A guideline on how to break the laws and commit how to work without a Social Security number and without paying taxes. Thats a big issue. Trafficking immigrants is a huge business. Unfortunately this administration opened up the business. Reporter residents criticize President Bidens choice to come here to brownsville and drop sharply from the high of may of last year and thousands apprehended in just a single day and biden looking for a photo opportunity and making it look like the border is secure now and over the last five days with just the last 46 apprehensions and sources tell us 100 migrants used bolt cutters to cross the boarder and this is a brownsville Processing Center and the relative jump overnight and numbers in eagle pass, texas, 300 miles west of here. Their Border Patrol counts more than 2,000 apprehensions in the last five days and well find former President Trump later today in eagle pass, texas, talking about his policies and promises for the boarder and hes going to increase the deportations as we expect president bide ton talk about and cast his blame on House Republicans for abandoning the bipartisan border deal and we expect to hear from them shortly. Stuart lydia hu at the border. Why the powerful turn a behind eye while china kills americans. Thats the title. Peter swieser wrote that book and hes with me now. In your president , why haws President Biden been quiet on the china fentanyl issue . Well, because he has ties linked to the financial drug trade and china is the one driving the fentanyl tried and cartels are the junior partner and provide the precursors for the cartels and our department of homeland security, stuart says that 2,000 chinese nationals are in a small town south of the border helping the cartels produce the fentanyl. When the cartels communicate, they need secure communications and use devices that are encrypted in china and they know the chinese will not share it with all law enforcement. Money laundering and cartels launder their money through Chinese State owned banks and problem for joe biden is that the chinese gang that set up the sinsinaloa cartel in the fentanl trade and making them the king of fentanyl and an Organization Called ubg and headed by the name of white wolf. White wolf has a Business Partner and that Business Partner sent 5 million to the biden family in 2017. So joe biden doesnt want to have a conversation about chinese involvement in the fentanyl trade because it will bring up very sensitive subjects. Stuart are the chinese leaning on him . I mean, are they making it clear, hey, we got something on you and that will affect his attitude towards china. Is it that bad . It may be. Joe biden is a shrewd politicians and not talking about topics and subjects and making you look bad. I dont know exactly what the relationship is and the fact that we have one degree of separation between the first family of the United States and this criminal syndicate that helped set up the plague in the United States and is in washington what theyd call a problem. Joe biden is smart enough to know he done a lot want to talk about the subject and says in the context of fentanyl and china no finger pointing and he doesnt want that because in a way it would incriminate him and the fact that his family was taking money from very sketchy people in china. Stuart do you believe orono that money from the fentanyl people has actually gotten to directly to President Biden . No, theres no evidence of that but again, its the problem of association. 5 million sent in 2017 by a chinese businessman and according to hunter biden laptop and 5 million interest free forgivable loan thats never been paid. That chinese businessman involved in white wolf and involved in the fentanyl trade and biden family receiving this money, this Business Partner and way too close as far as any, you know, optics that joe biden wants to get out there. He doesnt want to have this conversation and look, fentanyl is the leading cause of death for people under 45 in the United States. Its a weapon china deployed and deploy it had effectively. Stuart peter, you made it your clear and we like clarity on this. Peter schweizer, thank you very much. Brian is with us. Talk about hunter. Endless investigation and are republicans wasting time because maybe the public is getting tired of this. Separate a couple things, are they wasting their time on investigation of issues at play . No, those are important issues. If the president is compromising his position as a vp to get money from adversaries, look into that. To your point, i dont think this is going to give republicans a lot of political lift. Its too complicated and been on it for so long and maybe when you find the smoking gun and can link it, okay. They havent gotten there yet and so all the drip and the drab of it i think gets lost in the daily news. Theyre got getting a lot of political lift and thats what theyre looking for right now. Stuart First Lady Jill Biden spearhead ago get out the vote campaign. Who is she targeting . Lauren women. Whats the number one issue for voters . Immigration and border. Thats safety. Women are particularly concerned about their own safety and kids. Should i send my daughter to college . Look whats happening. Jill biden is lead ago mobilization effort to get women to vote and going to visit swing states georgia, arizona, nevada, wisconsin. Female voters decided 2020, 55 of them went for biden. How much has that number come down or is the abortion issue alive and well and a motivating factor . Stuart a couple of interesting questions there. Youll have to answer them some day. Lauren well, i think theyll be answered at the ballot box. Two very strong issues mobilizing women. Stuart check the markets and not much price action today and all in the green and only just. Dow up 20, nasdaq up 60. Lets see bitcoin its 62. 4. Theyve reached a deal to avoid a Government Shutdown and for now, well tell you how much time they bought for themselves. The answer is not much. The Supreme Court saying there wont be a trial ahead of the election maybe . Shannon bream will explain it all, next. Planning to move . Join the 6 million families who discovered a smarter, more flexible way to move, with pods. Save up to 20 now for a limited time. Whether youre moving across town or across the country. Save up to 20 at pods dot com today. Its time to feed the dogs real food, not highly processed pellets. The farmers dog is fresh food made with whole meat and veggies. Its not dry food. Its not wet food. Its just real food. Its an idea whose time has come. Stuart on the markets right now, its some green but not much. Put it like that, dow up 20, nasdaq up 60. Lauren has the movers and i want to hear about octa, which im familiar with. Lauren up 20 . Theyve got a rare double upgrade from sell all the way to buy from bank of america. Stock at 104 and price target doubled to 135. A really Strong Quarter and strong guidance Going Forward, bank of america liked and other brokerages. Stuart what about boeing . Lauren theyre down and report that the department of justice, department of justice is scrutinizing what happened on Alaska Airlines max 737 737 max 9 jet when the door blew out. This could be potential criminal liability. Just yesterday the faa gave boeing 90 days to fix and address the comprehensionive issues. Stuart Supreme Court reviewing whether President Trump has a place in the election interference case. Shannon bream with us. Is a trial or conviction not likely to happen before the election . I suspect briden wants that to happen and probably wont. What say you . Stu, i think its a lot less likely either things happens before we all go to the ballot box and som