if operators are busy, call again or go to loveshriners.org to say yes right away. ♪ (upbeat music) ♪ ( ♪ ) constant contact's advanced automation lets you send the right message at the right time, every time. ( ♪ ) constant contact. helping the small stand tall. hive digital technologies. a leading bitcoin miner and gpu cloud operator is building the infrastructure of tomorrow, featuring a robust growth strategy that aims to double its mining capacity while accelerating gpu-on demand business. hive digital technologies. >> you have war with, you have crime, you have an open e border, you had inflation. you know, the economy's starting to improve, people done feel like it's improving. so you put all that together,

our failing president with failing policies, and it's really challenging. >> try to have it both ways, they want to attack mr. hur's conclusions, okay, but they don't want to reveal the substance that might actually prove the conclusions were correct. >> it undermines the biden message that that inflation is going down. as i said, the real inflation rate when you take into account the shrinkflation that he's talking about, add 3 or 4 percentage points. >> the democrats are always all about control. if you want to understand the democrat party, what they care about first and foremost is control. muck can't buy me love, love. ♪ can't buy me love ♪ stuart: oh, dear. i'm not usually keen on other artists covering beatles' songs, but if it's ella fitzgerald, you can do what you want. there you go. [laughter] 11:00 eastern time on this monday, february the 12th. to the markets -- [audio difficulty] i see the dow -- awed awed

points higher for the nasdaq and the s&p's up 7. we started out monday morning with very modest gains. show me big tech, please, mixed picture, i believe. at the top of that a list we've got, what have we got, meta. look at that, up another 1.6%. that thing's been on a tear. amazon, microsoft, alphabet, apple on the downside. the 10-year treasury yield was around 4.18, that's where it is now. it's up at 4.18. now this. the president did not do the traditional super bowl interview. we don't know why he turned it down, maybe his handlers were scared he'd make one with of his daily gaffes. unstead, in what looked like a hastily organized video, he appeared on x, formerly known as twitter. it had a super bowl theme. the president railed against food companies for shrinking super bowl snacks. watch this. >> it's super bowl sunday. if you're anything like me, you like to be surrounded by a snack or two while watching the big game. you know, when buying snacks for

the game, you might have noticed one thing, sports drinks bottles are smaller, a bag of chips has fewer chips, but they're still charging you just as much. as an ice cream lover, what makes me the most angry is ice cream carts that have shrubbing -- slunk in side but -- shrunk in size but not in price. it's a ripoff. some companies are trying to pull a fast one by shrinking the products little by little and hoping you won't notice. give me a break. the american public is tired of being plaided for suckers. i'm calling on companies to put a stop to this. let's make sure businesses do the right thing now. stuart: i'd like to make two points. first, that was not a well produced item. it looked like it had been thrown together at the last minute to make up for his refusal to do the super bowl interview itself. that 46-second video shows the biden communication team has real problems. you will be seeing less from karine jean-pierre at the white house podium.

john kirby has been given a promotion. second, what a weak message. inflation is obviously a concern. why diminish the issue by making it about super bowl snacks in and since when is inflation caused by food company greed? that's just a socialist talking point. the inflation that ripped through his presidency was the result of massive and unnecessary government spending which he pushed for. quick video withs on x are not going to work as the new basement strategy to convince americans that he has what it takes to be president for another five years. he's to got to get out and about and do real interviews and answer real questions. but that's a risk his handlers do not seem willing to take. third hour of "varney" starts now. ♪ ♪ stuart: steve forbes joins me. what did you make of the

president blaming shrinkflation on snack food companies? that's a socialist talking point. >> it is, and that video shows a shrinking presidency, the way that was produced and what he said. they're always looking for scapegoats when they create this type of inflation. roman times they a blamed it on christians. in medieval times, they blamed it on riches -- witches. today they're blaming it on potato chip makers and the like. and the pathetic way he presented himself when they could do take after take after take, that's the best they could do of the president of the united states? that's ominous. stuart: it is, indeed. there's a new poll that came out first thing this morning. 86% of voters think joe biden is too old for another term in the white house. now, that is a huge number. i don't think biden will be nominee by november. what say you? >> he's not going to be the nominee in november -- [audio difficulty] the only question is -- [inaudible] elected first and then have a convention and pick a new candidate there, but one way or

the other, he's not going to be the presidential candidate. and i'm amazed he's gotten as far as he can. it was clear three years ago this man had serious cognitive problems. and so can they get him through this year? would you trust this man with a cuban-like missile crisis with all the a problems in the world? could he handle it? he can't even handle a press conference anymore. stuart: but i want the know how they shift it out. there's a lot of comment that it has to wait until the convention. that's in chicago and it's in august. you wait all that a way? that puts you just a couple of months before -- >> no. because, because he cannot continue to hide. it's not like 2020 where the press can let him stay in a basement for six months. stuart: who's going to get him out? who says, mr. president, it's that time? >> it's going to be one of those things that just happens. schumer talks to somebody, somebody talks to somebody else and they make a decision. they first probably go to mrs. biden whose nickname is mrs. wilson. she's really making the decisions today. she's the one who pushed him to run again in the in 2024 instead

of bowing out and saying i've accomplished my goal, time to pass the baton to a younger generation. you've got to go to the family first and then you go to him. stuart: you know what i'm going to say, okay, if you shift him out of the period of time city, you have then president harris. what do you think the market would make of that? >> i'm surprised the market still shows green. i think if she's in, it'll be scream instead of green. and the fact of the matter is the democrats are going to have to try to do it in a a way in which they have a so-called open convention so she would just be seen as a, in effect, in for a few months, but she's going to have to win a real contest. how they do this, i'm sure behind the scenes they're starting to do it now. they are not just worried about joe biden or her, kamala harris, they're worried about the rest are of the ticket. two-thirds, 20-some-odd democrats are running for re-election for the senate this year, the house up, governorships up. so they've got a real problem. so their own well-being will prompt the action.

stuart: got it. steve forbes, see you again soon. let's check the markets, please. the dow now up about 80-odd points. the nasdaq is up 44, a steady, modest climb throughout this monday morning. jason katz with us today. obvious question. we're asking everybody else too, when will we see rate cuts by the federal reserve? >> news flag, it's not going to happen in march. frankly, or or i don't think it's the going to happen in may if. i will tell you this, the longer they wait, the less likely they're going to do 25 basis point cuts and more likely to do 50 basis point cuts in the latter part of the year. stuart: why do you say that? >> why? because they can take ample cover. 14 out of the last 15 weeks, stock market up. unemployment below 4%. the fed's 2% target is close but no cigar, and until we get to that point, there's no reason for them to cut 25. they will have to play some catchup because that's a really tough needle to thread. the timing of doing it is nearly

impossible, so they're going to back load in the latter part of the year. stuart: do you think the market's prepared to wait until the latter part of the year for a rate cut? >> i'm not going to say that the fed has becomer relevant, but what's become more relevant is gdp growth tracking towards 3 plus percent. so i think the market's taking its cue from earnings. i think 80% have beat expectations, and at the end of the today that's what drives stocks. so -- the day. so that's what driving the fed to take a backseat. stuart: no selloffsome. >> look, trees do not grow to the sky. this is untenable. the disparity between growth and value is at historic proportion, and none of us ever talk about it small caps, a 55% discount to the valuations of large cap. value, 35%. so i will tell you this, the days of passive investing, that free pass is gone. buying the super six, the fantastic four, at 21 times earnings the s&p cannot sustain

that type of multiple. so i do think you're going to see earnings catch up to those stocks that you love, but those stocks probably stall. and the rest of the market, if we avoid a recession, some of the biggest catchup you'll see in our investing careers. back in 1980 and the year 2000 was the last time we saudis parity like this -- saudis parity like this. if you invested in those years, you had a really handsome returns. i think that's the setup for the latter part of this year and next. stuart: the dow just hit 38,785. it's up there. jason, thank you very much, indeed. come back in, lauren. we've got movers. blockchain, the riot blockchain. lauren: bitcoin is pushing closer to 50,000. it's at a its highest point since december of 2021, so this rally is broad. the crypto plays are all sharply higher. look at that, up 11% for mining. no reason per se for bitcoin to

be breaking out, but it certainly is today, and the crypto plays with it. stuart: it's almost tracking big tech. lauren: in a way. stuart: diamondback energy, big deal. this is a permian basin play. lauren: yeah. up 10%. a biel to -- deal to acquire endeavor energy, $26 billion cash and stock. what diamondback does here is increases its scale. it will be the third largest player in the permian when all is said and done, and that's a gold mine of oil that is in texas and oklahoma. stuart: the permian basin, by the way, is an underground lake -- i should say ocean, of oil. lauren: it's ingenuity the of american fracking that really got us to take the oil and gas out of the earth as cleanly as we possibly can. stuart: next case, expedia. lauren: up about a, what is it, 3 -- 4. 3% now. air bn airbnb's up, trip advisor up 3.5%. expedia had their price target

raised at us we hanna to -- susquehanna to 145. if rates go down, customers have more money to spend. stuart: lauren, thank you. coming up, researchers say they have found a miracle material for solar panels. they claim it could revolutionize the industry. we're going to dig into that. barstool sports just signed a multiyear partnership with draftkings. dave portn if oy will be here to tell us about that deal -- dave port portnoy. secretary mayorkas says it's not the biden administration's fault that the border is broken. >> we don't bear the responsibility that the system is broken, and we're doing a tremendous amount. stuart: texas congressman chip roy, he's calling donald trump out saying he didn't do enough to shut down the border either. whoa, chip roy against trump? how about that? the congressman is next. ♪

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♪ ♪ stuart: tomorrow the house is likely to hold a second vote in its push to impeach homeland security secretary alejandro mayorkas. chad pergram joins me now from capitol hill. all right, chad, what's the difference this time around? >> reporter: stuart, good morning. the difference is the math. republicans only had 215 yeas last week but so did the democrats. that's why the vote failed. however, house majority leader steve ask scalise is back from cancer treatment. it's doubtful that the three republicans who voted no last week will vote is yes. >> i'm not counting on them. they need to vote how they need to vote. but a big, key piece of our

leadership team will be back this week, and that's steve scalise. so with him back and our full attendance, i think we will get the job done this week. i'm confident of that. >> reporter: if the house is successful on its mulligan tomorrow, mayorkas becomes only the second cabinet member ever impeached by the house. that compels the senate to start a trial. the issue of the border loom ares large in this year's -- looms large in this year's elections. >> there is no question that we have a broken system. there is no question that we have a challenge, a crisis at the border, and there is no question that congress needs to fix it. >> reporter: but gop members are incensed that a revamped foreign aid bill for ukraine and israel lacks border security provisions. but the senate tanked a bipartisan border bill last week. >> i'm not going to vote for this aid package because i think this party did not seriously entertain trying to strengthen

our border. the bill is going nowhere in the house. >> reporter: the senate paved a path to eventually pass the bill for israel and taiwan. after breaking a filibuster over the weekend, the senate is now on track to approve the bill later this week. but house speaker mike johnson opposes aid to ukraine. stuart? stuart: all right, chad, we'll take it. thanks very much, indeed. secretary mayorkas says the administration is not responsible for the border crisis. roll tape. >> no doubt there is gridlock on congress, but do you bear responsibility for what is happening at the border, what the president himself has called a crisis? >> it certainly is a crisis and,, well, we don't bear responsibility for a broken system, and we're doing a tremendous amount a within that a broken system. but fundamentally, fundamentally congress is the only one who can fix it. stuart: all right. joining me now, congressman chip roy, republican from the great state of texas. welcome back, congressman, always good to see you. >> good morning, stuart. stuart: you called out trump

saying he also failed to close the border. i thought trump was the most effective border control president we've ever had. >> well, stuart, or you're right, you know? grading on a curve here in washington. look, the former president, when he was president, had great people in his administration, guys like tom homan at a i.c.e. and mark morgan at border patrol and chad wolf, you know, heading up homeland security. and they were doing what they needed to do to drive the numbers down. you'll remember that in december of 2020 those numbers were about 30,000 a month, right? about 30,000 a month. if now we're at a, as you know, 302,000 in december. we're still waiting on the january numbers. and even just the other day, 7,000 in one day, 136 of whom were chinese foreign nationals. so it is very clear this administration has opened up the floodgates. they do not care about wide open borders, and they're ignoring the policies president trump was putting in praise to secure -- in place to secure the border. the context was the assertion by former president trump and by some of my colleagues today that

legislation isn't needed. it's just executive action by a president. well, it is true that a president that wants to secure the border can use the tools they have, this president refuses toot that, thus, the crisis. -- to do. that but we do need to pass legislation to make sure president trump, should he come back next january, be able to go even further and that boxes in a future president biden or alejandro mayorkas who clearly refuse to enforce the law. it's night and day between biden and trump, but we need to do our job, box in a recalcitrant administration do our job to give tools to an administration that a wants to enforce the law. stuart: what you want to see, i take it, is a border wall all the way across the border. do you want to see that? >> well, i'd love to see that, but you can build a wall from the if gulf of mexico to san diego and it won't do any good if we're opening the doors and releasing the people into the united states as this administration is doing. so we need the principles we put baud in h.r. 2 to close the

loopholes, catch and release policies, tighten asylum, tighten parole and to basically boil it down to this: you will detain or you will be turned away back to mexico. that was what we were trying to put forward in h.r. 2 or h.r. 29. and, unfortunately, that hit a wall in the senate. we passed it. we did our job. we sent it to the senate. they refused. they tried to send to us a continue, basically, making permanent of mass migration. they wanted to take the biden policies and ensconce them in law. that would have been a mistake. so i'm glad they killed that in the in the senate. we should get busy continuing to fight to try to force change using the power of the purse and get biden to the table to pass actual reforms that need to be passed and basically to call out mayorkas. we should impeach him tomorrow. i hope we will do that. god bless steve and a a lease. we won't to get cancer treatment like i did, and i hope he's beating it. i hope he comes back tomorrow and we impeach mayorkas. stuart: yes, indeed. congressman chip roy, come back again soon. see you later. >> thanks, stuart.

god bless. stuart: a migrant teenager is under arrest accused of shooting a terrorist -- tourist in new york city. ashley, he's being held without bail. now, that's rare for new york. what happened? ashley: it's -- yeah, it certainly is. but it speaks to the seriousness of the crime. a 15-year-old, jesus rivas figueroa, being charged with two counts of attempted murder, assault, attempted assault and two counts of criminal possession of a weapon. he's also a, by the way, being charged as an adult. police say rivas figueroa and two ore teens trying to shoplift from a retail store in times square when they were stopped by a security guard. rivas figueroa allegedly pulled out a large .45 caliber handgun and fired at the guard and into the crowd. the guard was not hit, but a brazilian tourist was hit in the leg. she'll be fine. but as a police chased the suspect, rivas figueroa fired at the officers before escaping. less than 24 hours later, the

suspect was tracked to a home in yonkers where he was found hiding behind a wardrobe. the migrant teen had come to new york city just five months ago and has been staying at a temporary the shelter in a manhattan hotel. and, by the way, he's a suspect in two other crimes including an armed robbery. so there you go, stu. stuart: and he's 15, right? 15 years old. ashley: 15. yeah. stuart: ashley, thank you. coming up, one country is giving workers the right to disconnect when they're not on the clock. the government could even finem employers for reaching out during your time off. we'll find out if people here want to see those policies put in place in america. dave portnoy bet a half million dollars on the kansas city chiefs. he was right. how much money dud he win then? i'll ask him because portnoy is next. ♪ ♪ 'cuz i see sparks fly if whenever you smile. ♪ get me with those green eyes,

baby ♪

♪ (upbeat music) ♪ ( ♪ ) with the push of a button, constant contact's ai tools help you know what to say, even when you don't. hi! constant contact. helping the small stand tall. that first time you take a step back. i made that. with your very own online store. i sold that. and you can manage it all in one place. i built this. and it was easy, with a partner that puts you first. godaddy. stuart: one country is considering a new law that would fine companies who contact their employees outside of work hours.

madison alworth is -- [laughter] stuart: it's super bowl monday. >> reporter: that's right. stuart: where is this happening? >> reporter: australia. stuart: no, say it ain't so? >> and these laws are going to give workers the right to ignore unreasonable calls and messages from bosses outside of work hours without being penalized, and employers could actually be hit with fines if they breach the rule. it's being dubbed the right to disconnect, and these changes are part of a larger movement to protect workers' rights and restore work/life balance. so we thought it would be interesting to see what american workers thought of this rule. i honestly learned a lot, stu, because i talked to some people who say they ignore work texts and e-mails if it's after hours. i didn't know that was an option. i don't think the people at fox would be happy if i did that, but i also talked to a lot of others who said this is the price of doing business in the u.s. >> why are you texting me or calling me when i'm not working? it's saturday, sunday, i'm not at a work, why?

you shouldn't have access to even text me, to be honest. >> people should definitely have the right to live like human beings and only have to work for the amount of time they're being paid for each week. if that's 40 hours, that's 40 hours. if you need more than that, hire more people. >> reporter: there you have it. there are similar laws that allow employees to shut off devices in place in france and spain, and australia already has really great worker benefits. they get 20 days of paid leave, mandatory paid sick leave and 18 weeks maternity leave, and that's just a few of the benefits that you get if you work in australia. stuart: where's the ambition? work hard, do the the extra, climb the 2350 chain. what's wrong with that? >> reporter: i agree. and people said if you want to work in america and get far, you have to answer. you could not answer your texts and calls, but you're probably not going to prodepress in the u.s. -- grog in the u.s. stuart: i just wouldn't want to work for elon musk. >> reporter: i think elon's

got it covered. stuart: madison, thank you. the chiefs beat the 49ers in overtime. watch this. roll tape, please. >> i've got to give god the glory, man. he challenged us to make us better. ♪ viva las vegas! stuart: that was a little bit over the top, but it's a perfect time to bring in barstool sports guy dave portnoy. good to see you again, dave. i believe you put down $500,000 on the chiefs. how much did you win? >> so i won $500. you bet 500 -- stuart: oh, okay. it's even money. >> -- you win it. stuart: do you have to take the points, that kind of thing, or not? >> so the game was pretty much a pick 'em. when i bet it, american -1.5. stuart, i'm going to tell you right now, i've got an echo, so this is going to be a heroic performance by me right now with you. stuart: okay.

[laughter] we'll try to fix the excoe -- ec eco. many of the 49ers players said after the game they did not understand the overtime rules in the super bowl, different from the regular season overtime. how does that happen, dave? >> well, i didn't know either a, to be honest. they changed it recently to allow both teams to get the ball. i don't think it affects, the coach knew, kyle shanahan. there's obviously dispute on whether you should take the ball first or second. i think they should have taken it second, but it's much ado about nothing. they saw the rules before they flashed on the jumbotron. but it is a little quirk, but it didn't affect the outcome. stuart: what dow yo take that ts city, travis kelce is, he bumped into the coach, sort of almost pushed him over, is that -- that's not a good thing, is it? >> well, it's much a ado about nothing. i mean, people love kelce, and i love kelce because he's dating america's sweetheart, taylor swift. he can do no wrong in my eyes e

right now. but, yeah, that was a little bit aggressive, for sure. after the game they both said they loved each other. travis kelce basically said he wouldn't be there with him. it was in the heat of the moment, but it was certainly something to talk about it. stuart: you're a wig swiftie fan, but i have to ask, was there too much focus on taylor swift at the game? >> no, there never can be. a beautiful woman. she was rooting for her man. it's love all the way around, and if it doesn't give you the warm and tingly, nothing will. stuart: there was some booing whenever she appeared on the big e screens at the game. >> well, people, you know, boo greatness. what are you going to do? half the crowd was rooting for the other team so, obviously, if you're a san francisco fan, you're going boo taylor swift. that's natural. stuart: paul mccartney was in her box. are you a mccartney-beatles fan? >> i'm an okay fan. she had everybody in ore box. she had ice spice there, she had miles teller there, she had

everybody. a friend of mine was in that bucks, humble brag. but, no, she's a-list. he has a-list only. stuart: why weren't you in her box? >> i don't know. i guess she don't like me. i didn't get the invite. what are you going to do? what are you going to do, make me cry, stuart? on national tv? i was in chicago working. i saw that interview you did about a americans who don't want to work on the weekends. i'm worth hundreds of millions, i'm working on the weekends. if you ignore my call, hit the road, jack. that made me want to work. stuart: good man. barstool just announced a big deal with draftkings, sports betting guys. what will draftkings do for you, dave? >> so hopefully it's what we're going to do for them. they've become the exclusive partner of barstool sports for gambling. we're a gambling company at a heart, and whenever we place gets, we'll be using draftkings, we'll be promoting it. we've got to hit 41 straight free throws at the office a, the

nba record starts a live stream at 5 p.m. you may never see me again. we may never be out the office. we may not be able to do that. stuart: betting on the super bowl was striewrnd. i'm told right before the kickoff there were 15,000 the bets placed per second right before the kickoff and that that gaming overall, wagering overall was up 22%. that's, that's a big deal. you're looking good. >> i believe it. i believe it, and it was in vegas, so, you know, roger goodell, who is a little bit of a hypocrite, who a couple years ago wouldn't even let a fantasy convention happen in association with the nfl, now they're in vegas, the number one gambling city in the world with, the number one gambling event. so, yeah, people love to bet. combine that with las vegas, and you've got the perfect storm. stuart: are you still banned from the super bowl? >> yes. stuart: what are you going to do about it? >> well, i only go if the patriots are in it, and if i go,

i'll make my presence felt. i'll have to put on a moustache, maybe a full disguise, but if the patriots are in the super bowl again, dave port if now will be there again, and hopefully this time they won't drag me out in handcuffs. [laughter] stuart: hopefully. one last one. occasionally, you get into politics. what do you make of president biden's cognitive decline? should he step down? >> yeah. i'd almost ten down because his term is almost up. i don't think he should run for re-election. but i said this last time on the show, i just don't think he is mental ally fit to be the president of the united states. and to be honest for both, i think there should be an age a limit on both sides. you've got to be a certain age to run, and you should be expelled or not qualified once you hit a certain age. i don't call that ageism, it's just natural that the the brain declines. stuart: i'm 75. should i retire? >> well, you're sharp as a tack, stuart. you'll be an exception. for every rule, there's an exception. you can go as long as you want. plus, you like me.

if you like me, i like you back twice as hard. stuart: yeah, that's the way yo. come back anytime you like, dave portnoy. sorry about the echo. we'll see you later. >> they got rid of it at the end. stuart: just at the end, we got it. taylor swift did not offer a public endorsement for biden at the superto bowl like some people thought she would. ashley, donald trump say, don't hold your breath on that. what's going on? ashley: yeah, it's interesting, there was so much speculation that the biden campaign has definitely been trying to get swift's endorsement. trump took to his social media platform, truth social, this weekend saying it's just not going to happen. he wrote, quote, i signed and was responsible for the music modearnization act that taylor swift and all other music ifal artists. joe biden didn't do anything for taylor and never will. there's no way she could endorse crooked joe biden, the worst and most corrupt president in the history of our country, and be disloyal to the man who made her

so much money. besides that,s i like her boyfriend travis even though he may be a liberal and probably can't stand me. [laughter] trump was referencing a bill, by the way, that he signed in 2018 that dealt with copyright issues that was seen as basically a landmark bill for the music industry. as for swift, the swinger has not -- singer or has not spoken about endorsing biden's 2024 run, but she did voice her support for him in a magazine interview during the 2020 presidential election. but we haven't heard anything this time around. stu. stuart: not yet. all right, thanks, ash. coming up, jamie dimon says our debt problem is, quote, the post predictable crisis in history. we'll break down -- that is a dire warning, and we'll bring it to you. the congressional budget office shocking no one by revealing that a biden's green energy plans are running way over budget. we have a full report on how much more they'll cost and how much more you will be paying. that's next. ♪ ♪ it makes you want to sing.

♪ it's such a beautiful thing ♪

♪ stuart: the climate initiatives in the inflation reduction act will cost $400 billion more than originally projected. hillary vaughn on capitol hill. all right, hillary, where's this money going to come from? >> reporter: stuart, taxes, of course. tax increases that are part of the inflation reduction act. but other taxes as well, ultimately, because the inflation reduction act does not pay for it. the nonpartisan congressional a budget office announcing that the climate provisions in this act are going to cost a lot more, almost half a trillion more than they originally thought because of the green energy subsidies and electric vehicle tax credits inside of

it. $428 billion more than they projected, and that's because our federal debt is ballooning beyond comprehension. it will reach over $54 trillion in 10 years, that's $20 trillion more than it is today. treasury secretary janet yellen last week brushed off concerns that it's debt might not have any takers to buy it. >> if we don't course correct the federal deficit may very well reach a point where no one's able to take on our government-issued debt. is that a possibility? >> it could in an extreme case be a possibility. i see no sign of that now. >> reporter: moderate democrats also sounding the alarm that the u.s. is close to careening off a fiscal cliff. senator joe manchin saying the cpo -- cbo's debt projection, quote, that essentially means every person in the u.s. would be responsible for shouldering $162,000 as their hair of that debt. this is simply unsustainable for

maintaining america's economic security and leadership on the global stage. and the white house did get back to us about this cbo report telling us in a statement, quote, the cbo's report provides further evidence of economic strength and deficit reduction under president biden. the deficit is projected to be lower over the next decade than cbo last projected. president biden's policies would reduce the deficit further by making the wealthy and big corporations pay their fair share and cutting wasteful spending on special interests. stuart? stuart: hillary, thank you very much, indeed. researchers say a new material could revolutionize a, their words, the solar industry. come on, ashley. tell me was this so-called miracle material? ashley: it's the combination of two materials. that's what this bull bloo is all about. -- hullabaloo is all about. when they are combined, they create this revolution. we're talking about a kind of titanium ox side. you president it together with

silicon, and they recorded record results for tandem solar cell efficiency, efficiency greater than 33% which i'm told is pretty darn good. the trick now is how to figure out how to manufacture this product at commercial scale. fathers-in-lawer -- apparently, it's costly, involves hazardous materials and is apparently extremely fragile. but once they figure all this out, the market expected to exceed $10 billion within a decade. now, we've heard this stuff before. we shall see, as they say. [laughter] stuart: only time will tell. okay. jamie dimon, america's top banker, he's sounding the alarm on our growing national debt. ashley, what exactly is dimon -- he's issuing a dire warning. what's a it about? ashley: dire dimon warning, yes. he calls it the most predictable crisis in history. in fact, former house speaker paul ryan just said that. but he also says washington is facing a market rebellion because of the tab it's racking

up. while bank of america ceo brian moynihan believes it's time to stop admiring the problem and instead do something about it. currently exceeding $34 trillion, going request up as we peek. debt to gdp ratio sitting around 120%. everyone agree it's not sustainable. democrats and republicans both to blame, but how much of a threat does it really represent? it does depend on who you ask. according to the brookings institute, housing, construction, cars, any oh interest rate sensitive sectors are going to be hit hard. and the new york foundation says the debt pile could lead to reduced public spending, private investors losing faith in america's economy and and shrinking prosperity for u.s. families thanks to the worsening housing, jobs market and a threat for national security. i hope you're all thoroughly depressed by now because it doesn't look good according to some. stuart: that is a dire warning, if ever i heard one. ashley: a of course. stuart: all right, ash. thanks. an hispanic business owner in

las vegas is running as a republican for the state assembly. he wants to put an end to the democrats' soft on crime policies. i always a thought that vegas had crime kind of locked down. there's a tight-knit place. everything was law and order. we'll get a firsthand account of that what it's really like from that business owner next. ♪ it's odd how in an instant things can transform. slipping out of balance into freefall. i'm glad i found stability amidst it all. gold. standing the test of time. (qb) this is it. one play. this is when we find out... (luke) hey, quick question. student body math proficiency, would we say it's good? fair? satisfactory? (player 1) what? (luke) like a percentage, if you had to guess. (players) hey, get out of here man. get off the field. (luke) understood. (players) security! grab him! (marci) great student-teacher ratio... (luke) marci! we've got to go! marci! we have got to go!

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♪ ♪ stuart: a buzz in las vegas -- business in las vegas goes up in flames after a group drug addicts breaks in. the man who owns that business is rafael arroyo, he is running for office in nevada as a republican. rafael, i always viewed las vegas as a city that nailed down crime, that it was kind of a law and order place. what's the reality? >> well, the reality is over the years we've had a lot of bad policies coming over from these western coastal states like california, washington, oregon. you see major cities having huge problem with crime and, unfortunately, a lot of those policies are making their way to nevada right now. stuart: what policies are making their way to nevada? >> just soft on crime policies. you know, there was some

legislation that was passed as part of criminal justice reform several sessions ago called a.b. 236. it raised the littles on controlled -- limits on controlled substances, raised limits on the amount of money you could steal -- items you could steal, the threshold. i think it's $1200 here in nevada. and it creates an environment where you don't have any accountability for criminals. stuart: okay. you want to be a state legislator. how would you fix the problem? if you got in, if you had the power, what would you to do? >> well, the first, the first thing i'm going to do is basically, you know, with my if like-mined colleagues, we're going to reduce these soft on crime policies. nevada elected a sheriff as governor in 2022. i think there's a mandate there for law and order. stuart: anything else? >> yeah. i mean, i would just say for the people out there, you know, this election -- they always a say every election is very important, but as we had the superbiel here yesterday, you

can't be on the sideline. get involved, get out there and vote, support your local candidates, you know, you could support me, rafael arroyo.com, and we can get in there and do a good job. stuart: the only part of las vegas that i truly know is the strip and the casinos on the side. that's always been a nailed-down place. they don't allow much crime on the strip. it's a safe place still, isn't it? >> it is, it is, but, you know, these things are getting worse, and we have to do something about it. we have to get in there and really hold these people accountable. we can't just let people commit crimes and let them become career criminals. they've got to be held accountable. stuart: last one. how did your business do in vegas over the super bowl reeked weekend? did you get -- weekend? >> in the business i'm in, it's not seasonal a like that, so it didn't matter for the super bowl, but i know there was a big economic impact and really appreciate that the super bowl came down here, and we look forward to having more major events here in vegas. stuart: i bet you'd like to make it a permanent thing, every year

the super bowl in vegas. it probably won't happen -- [laughter] >> no. they shift that around. but, i mean, we have a lot of great sports teams here, and we're doing a great job with these major events. stuart: you're the sports capital of america at this moment. rafael arroyo, thanks for coming to us and telling us how it really is in vegas. see you soon, sir. it's that time, you know what's coming, the monday trivia question. it's a good one. when was the oldest known valentine's day message if written? 1415, 1522, 1680 or 1775? the answer when we return. ♪ (♪) is bad debt holding you back? ♪ the only limit is the sky ♪ ♪ it's our time ♪ ♪ you don't want to miss it (just a little bit louder) ♪

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plus, there's no cutting, no surgical scarring and no downtime. the results are absolutely fabulous. see why so many people, including doctors, are choosing gentlecure. call today or go to gentlecure.com. stuart: valentine's day february the 14th is wednesday this week, our question when was the oldest valentine's day message with 14, 15, 16, 75. >> this is a good question i can imagine that hallmark was around 1415. but you never know i'm in ago with the latest. stuart: i think it could be earlier than this, i'm going to

say 1415 and i'm going to bite the bullet. the answer is 1415. it was written by karl the duke of orleans to his wife during his imprisonment in the tower of london, pope galassi is named february the 14th is valentine's day in the late fifth century. you learn something every day on the show. before we close i just would assure you the price of bitcoin because we have a rally today bitcoin is around $49000, look at that on your screen, 495 as we speak very close to $50000. that is quite a rally, the stocks are doing well, the dow is up 200 and the nasdaq is up solid two. that is it for "varney & company". "coast to coast" starts now. >> thank you stuart, happening on kavita "coast to coast" inflation frustration. president biden blaming corporation on shrinks