stuart: i don't get that music for valentine's day, a string quartet.

ken golden graciously agreed to stick around her. >> reporter: i will say the wrong answer. i would say jewelry. stuart: what have you got? ashley: based on the line of walgreens, greeting cards. stuart: i'm going with flowers. almost $26 million expected to be spent today, they are candy. >> everyone gives valentine's day in school. stuart: that's it for "varney and company". thanks for taking part. coast-to-coast starts in three

seconds, starts now. ♪ david: welcome to this valentines addition of cavuto coast-to-coast. thank you for joining us. happy valentine's day. the dow looking for some love after a narrow cut through the heart of the bull market. that led to the worst day for the dow in a year. the red-hot inflation report threatened to deflate the romance, inflation is impacting valentine's day plans. kelly. >> reporter: great to see you. and a chocolate shop. unfortunately the love industry

isn't immune to inflation. some numbers, we expect total sales this valentines day, roughly flat, spending on your significant other is going to be what melts your wallet. that represents 14 billion, that's a record this year. the average is $185.81. that covers your romantic dinner and in the cpi data at a restaurant has increased 5.1%. notice the big brands repackaging, we've seen reports, to raise prices that dramatically. mark libertine he is the

co-owner, what is the biggest driver. >> drygoods and packaging was the biggest driver it affected us. >> we are seeing those futures go up. how do customers react to that? >> sticker shock is a concern, they are expecting inflation and they are pretty lucky. >> reporter: we are desensitized to inflation. they expect record sales, record foot traffic, the average purchase price, size is gone down. they are not spending on diamonds this year. thank you very much. 's people spending on fun

despite inflation. air pnb earnings going back in a big way. we are spending more and saving less, credit card debt at an all-time high. i am joined by chief market strategist kenny polcari as his big-money show cohost taylor riggs. i want to go to you first in our studio. folks are spending, very often it's money they don't have. should that be a concern? >> it's hard when you see credit card balances with higher interest rates. rates not going down, you can see mortgage rates still alive. it's a problem. think about trying get to encourage that budget on a personal level, cannot balance the budget on a federal level,

i'm really highlighting concerns with debt and deficits. and looking at the health of the consumer if it turns a little bit. david: we are in the middle of earnings season, 80% of companies are reporting get beat expectations. they lower expectations, very often they lower expectations and win. looks good for the stock but what do you think of the debt issue. they might get worried and put credit card back in their pocket. >> they are, and in the

economy, and spending, and turned the economy. they are concerned about their job or what the outlook looks like, it doesn't seem to be a problem. david: 68% is spending. supply ciders are urged by that. without producing items no one would spend any money at all. the incentives, highly regulated economy, incentives for production going down. lauren: they are looking to lower the tax burden on people to allow them to spend from the bottom up and have the extra money in their pockets and business be more business friendly to lower regulation so business make the decisions

they want to make and invest how they want to invest when the cost of capital is so high, you can't do that with interest rates of 4% or 5%. david: we may not get a change, the president or another democrat might win the election in november. if that happens 2025 is when a lot of tax cuts sunset so there's going to be a new tax regimen in place. one thing they have been thinking about is wealth tax where you are taxed on the increase even if you are not selling it just for having it sitting there. what would that do to the marketplace? >> not sure how that would be monitored and it would be massive pushback, trying to tax

something i haven't taken myself yet. what do we do? get the tax credit back? i don't think it's going to happen but the fact that they are talking about it suggests they are getting money so democrats in control next year will lose the tax cuts the, they will sunset, rates are higher putting more pressure on people to out locate more or have less in their paycheck and the stock hits home. david: if there is a republican that is voted into power with one or more houses of congress, you may have a change in tax policies, some thing like flat tax that would be much more hand, could that give leg to this blue market? >> with the pullback yesterday people saw that was healthy, they want to pull back, that's a buying opportunity if you get

into the market. it's a will market when it is a market that goes up, time in the market, not timing the market, guaranteed to win in the long run. david: happy valentines to you and your newborn. first valentine's day for you. kenny, great to see you. thanks for being here. meanwhile, history on capitol hill, alejandro mayorkas impeached over the border crisis, first time a cabinet secretary has been impeached in 148 years. ulysses grant, i don't know as well as our chief correspondent chad program -- chad pergram does. >> reporter: it was under grant, but the secretary of war in 1876, we don't have a secretary of war anymore. narrow vote in the house last

night, you don't get style points, either your impeached or not, the house impeached alejandro mayorkas, 214-213. >> we executed our duty impeaching secretary mayorkas for violating his oath to support and defend the constitution and breach the american public's trust. impeachment is just one step. >> reporter: republicans want the senate to take up strict border security plan that republicans lost three of their members making the vote so tight. he stood firm in his opposition. >> i talked to the whip before hand and he knew i was going to be firm. secretary mayorkas goes down as one of the worst cabinet secretaries of my lifetime but it's not a high crime or misdemeanor.

>> reporter: next stop of the senate must start an impeachment trial. senate majority leader chuck schumer says the plan for that is at the end of the month. >> it is a democratic senate. seriously, if you are serious, the american people are discussing that. >> reporter: the senate will receive the articles on one day and the house impeachment managers they serve as prosecutors, the senate could vote to dismiss the charges quickly. david: appreciate it. republican congressman mike waltz is here to join us. let me take the opposite of the side republicans took with the impeachment, who said even though he agrees mayorkas is the worst cabinet secretary

we've had in his lifetime, he doesn't think impeachment is the right route and i would suggest in terms of votes that republicans are looking for, a lot of independents might not be crazy about another impeachment. >> we are a congress, not a court and secondarily, they are worried about precedent. i am too. we all are. the border is truly unprecedented. my question to them at the democrats, how bad does it get? how out of control does the humanitarian crisis become with women and girls holding to hire -- trafficking, people dying on the track here and the 300 people on the terrorist watch list compared to 11 under the trump administration. do we wait until there is an

attack before using one of the serious tools we have as a congress which is impeachment to take action and on the politics the polling shows, this is no longer a republican base issue. we are hearing from blue city mayors, city commissions, blue state governors, this is a national crisis affecting the community. david: the new york special election that took place yesterday the democrat won, even though the republican is pushing the immigration issue front and center, why do you think that happened? >> reporter: when we unpack that, that is going to have a lot more to do with mail in ballots with early voting and the storm happening the day of voting. where most of our voters vote. that's going to be a turnout story more than an issue story. the democrat was talking about the border to everybody talking

about the border and at the end of the day we have to hold someone accountable. i asked my colleagues, you have an attorney general that just disagreed with the law and refused to enforce it like a lot of soros local prosecutors, would be just say oh well? we would take action and that is what the american people are demanding we do. stuart: the foreign aid package, the president, president biden who came in as a uniter said the following about what republicans should do, roll tape. >> president biden: i say to house republicans you've got to decide are you going to stand up for freedom or side with terror and tyranny? stand with ukraine, stand with putin and stand with america or trump? david: the last line, same with america or trump, half of

voters in the united states will vote for trump, does that mean half of the united states is un-american? >> reporter: so much for the uniter, this time he didn't have the red lights and the setting behind him. at the end of the day the american people are loud and clear this is about priorities, not either/or, prioritize the on border first, biden could do that. and and we voted hundreds of billion dollars on top of our already federal budget to stop putin, rightly so but now we are asking the questions, what is the strategy. what's that in state. how long will it take, how much money is it going to take. to come to the american people and say if you don't continue

to give me a blank check, you are un-american and siding with tear any. it is riddick it was, insulting and we would all like to see him holding germany accountable, holding france accountable, holding european countries that are not stepping up to the plate when it is right there on their doorstep and i will leave you with this, 731 countries are living up to their 2% defense commitment. how long will we subsidize europe's defense when they have a door on their doorstep. david: donald trump got them to pay up or increase amounts they were paying tremendously. it can be done, hasn't been done here. mike waltz, thank you for being here. thousands of drivers from uber, lift and/or--, we bring you a live report from the picket lines coming up next. ♪

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and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. i think he's having a midlife crisis 1-800-217-3217. i'm not. you got us t-mobile home internet lite. after a week of streaming they knocked us down... ...to dial up speeds. like from the 90s. great times. all i can do say is that my life is pre-- i like watching the puddles gather rain. -hey, your mom and i procreated to that song. oh, ew! i think you've said enough. why don't we just switch to xfinity like everyone else? then you would know what year it was. i know what year it is. david: thousands of uber and live drivers striking at us

airports over higher pay. good to see you. >> reporter: we are checking in with uber drivers and law enforcement at the airport who tell us things are still as normal where people come to get their goobers to go home. we are speaking to people and they are still doing their job. this is happening between 11 and one in ten cities during their local time and this is the first call to strike since uber and left went public. this is happening in ten cities including chicago, austin, philly and rhode island. we are told the coalition representing 130,000 drivers. these drivers are in poverty wages below the minimum wage.

ride services like uber say the companies not taking the vast majority of each fare that they get. lift said it would guarantee drivers get paid at least 70% what riders pay after insurance and taxes are taken out. lift says on average, drivers earned 88% of fairs each week last year. 15 out of every 100 drivers earned less then 70% coming at the white house. companies that have gig workers need to treat them as employees, increasing labor costs that are passed on to the consumer. david: thank you very much. chief strategy officer mitch rochelle joins us here. i want to talk about the gig worker economy. when these organizations, uber and lift and the rest of them started out, the ideas workers

would be independent, many entrepreneurs in an entrepreneurial organization. that model seem to work for the workers and businesses but then the unions got wind of it and the unions don't like independence, beyond regulations about payment strategies for the gig economy and they are screwing everything up. that's my perception from 30,000 feet. what do you think? >> you are one hundred% correct, that is exactly what happened. let's remember people who decided to go into this business in the gig economy wanted to make their own hours and be their own boss and control their own destiny and the ability to invest capital, lease a car so you can start your own business and the unions got in the way. new membership in unions fell

to an all-time low. the value proposition of being a union isn't what it used to be. it is a grab, and roland grab, they are trying to unionize fedex, ups, all these businesses and locations that are not starbucks, they are nonunion and it's a body grab. it's not going get to work. the people i talked to, delivery people, last thing they want to do is pay union dues and be controlled by a body other than themselves. david: they don't just want wages. they could act as independents, they are using workers they have hold of the politicians, to pay politicians to work for them even though they only represent 6% of the workforce.

>> reporter: when you talk to laborers, union workers they were historically democrats, they voted that way because that is what union, they are alarmingly republican, i say alarmingly to the chagrin of the unions was the maga crowd is prevalent in that world. there is something broken in the organized labor model. david: it is kind of flat, hasn't made up for that. everybody i talked to in the marketplace, it was due to come down a little. this is an overbought market. is that what was happening more than inflation news that we got? >> reporter: i think the inflation news was alarming, a reversal of a trend and something that is uncertain and the market doesn't like uncertainty or things that go in the opposite direction.

i agree 100%, there's a ton of money managers on the sidelines, they want in and they are going to buy a dip. it goes the wrong way in terms of inflation being sticky or jobs numbers not being as strong. david: thanks for being here. a guy can say to another guy, happy valentine's day. >> it is also my anniversary. david: we tried to get mary on the fourteenth will be couldn't so we decided to do it on the 15th. tomorrow is mine. i get the cheaper flowers. i'm just saying. thanks a lot. coming up, migrants are flooding the us/mexico border and coming from china in huge numbers.

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david: shifting transit in the southern border, chinese nationals are now the fastest growing group of migrants across the southern border especially in california. griff jenkins following the latest from your cuba --yakumba california. >> reporter: they crossed the border since the fiscal year began october 1st, '90% came through here. the san diego center, 16 miles east of san diego to the west. many migrants have come through here to the hole in the gate behind me, that is the whole

right there. migrants have been coming through. no one is coming through today because mexican officials are on the other side. this video shot by our fox nation team, hundreds of migrants coming through. a majority of them from places like china and turkey as well as colombia and ecuador and africa. this is all a part of the shift. we saw what was happening in eagle pass, it all moved out west to arizona, particularly san diego sector and they are concerned that so many of them are single adult males. an hour ago there was a group of 88 mostly chinese and african men apprehended just to my west. the chairman of the house homeland security committee weighed in a little bit on why

it is he was pushing to get alejandro mayorkas impeached. >> when an executive branch official rejects, unilateral really prices low laws passed by this congress we have to act. >> reporter: in a wall street journal piece that greene wrote today, he says it is because of two counts of impeachment, the first being the willful refusal to enforce current laws but also breach of trust, not being honest with the american people, you see things like this up close and personal, remote area, elevation 3,000, hundreds of chinese migrants coming for rule. to put this in perspective, fiscal year 2021 there were only 450 chinese migrants across the southern border. they have eclipsed that in the past 48-hour is just here in the san diego sector.

you can go to fox nation and see more of the coverage we've done here across the southwest border. bill melugin and matt finn. david: immigration was a central issue in the special election race which republicans lost yesterday. joe borelli is here to join us. you have a terrific candidate. a woman from africa who migrated to israel when she was 14, flocked with the israeli army, came here, she's an immigrant, tried and true immigrant who came here is the -- against an open board but she lost. why? >> reporter: she was a great candidate on paper for reasons you just pointed out. her resume would indicate she should have been out there talking about the border crisis and legal immigration from dusk

till dawn every day but we saw her shying away from most media, didn't do any interviews. david: she was on fox news, fox business, she was with larry kudlow last night, she was on certain stations but she had to sparser time because of her duties on the ground right? >> one of the biggest prisms was she was not as visible. someone running a district that's coming out of george santos where there might have been trust issues with the voting population, might have wanted a candidate, state legislator or account supervisor but she did run a good race but republicans got outspent 2 to one and they have a great machine out there and low turnout election we know

why kathy hochul was eager to put this on the ballot, democrats have a great machine out there. david: early voting apparently played a factor in this, most of the early voting was democrat. a lot of republicans wait until the actual voting day. there was a bad snowstorm that might have slowed republican voting but republicans have to get with it with the early voting. we we may want to vote in the traditional day, but right now that is not happening. how do republicans get with the program on that? >> reporter: republican have to fight any effort to make mail in ballots voting, but once you lose the battle whatever state you are in or municipality are in, if the rules are such that allow early voting two weeks before the ballot and we need

to organize our voting constituency is to vote more early and often. public schools were close, nassau county had similar problems. they would discourage from leaving their house. it was not the day for you to be walking about. david: when do you run for mayor of new york city? >> when staten island secedes you will see me. david: that might be an easier district to handle but i wish you would run some day. thank you for being here. a quick news alerts before we head to break, self driving car company owned by alphabet having to issue its first-ever recall after two of its cars collided with a truck in arizona. it will complete a software fix. the company also saying no one was injured in the collision.

we will be right back.

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david: treasury official facing questions over feds pushing banks to monitor transactions from customers to use politically charged words following the capital protests. hillary vaughan, the whole idea is so creepy for most americans. >> reporter: a lot of americans are disturbed because they aren't sure if there transactions have been surveilled as part of this. lawmakers finally got a chance to hear from the director of

the agency in charge of combating financial crimes that is ultimately caught up in the controversy where the agency finding guidance to financial institutions to look for certain key terms and purchases that could be tied to a homegrown violent extremist. they look for large purchases, and purchases of a religious book, to date, the director testified all of this was voluntary banks, to turn over suspicious transactions. >> they were sharing typologies and best practices to look for violent actors. that with the inquiry is. violent actors. >> reporter: customers combined activity meet a certain threshold before they would be flagged by these institutions,

they don't think this is constitutional, to snoop on legal transactions from unsuspecting americans. >> the overwhelming focus of this information was on violence. it was sharing key terms around acts of violence. >> gun violence. gun purchases. i am trying to understand here. these are legal purchases, nothing to do with terrorism or money laundering. >> reporter: guidance was sent out initially as part of the investigation into january 6th, people potentially, persons of interest. it is out there for banks to follow today. david: incredible. thank you for that report. to another story on capitol hill, the foreign aid package passed by the senate is going

to add to our huge deficit. steve moore wrote yesterday not one penny of this aid package is paid for with offsetting spending cuts from $6 trillion budget. russ, i throw up my hands because they don't care about adding to this deficit. >> you don't expect it from the biden administration but the republican establishment that is so intent on pushing us further and further into entanglement in the ukraine situation does not care about the reality of our fiscal situation, does not want to solve the reality of the southern border in the crisis we see there but you would think they could come up with the federal-aid budget and can't even do that. we are paying for the rugby league and afghanistan, the

nasa space team in pakistan are lgbt activists paid for in senegal, and you can't a laminate that to pay for what you want to do in ukraine. it's, complete and seriousness on behalf of the uniform in dc. david: some of it is going to their pensions. people say wait a minute, tax dollars going for their pension. i had on congressman emer. we talked broadly about a broad view of what is happening with the spending in the house. let me get your reaction. >> one quarter of our budget, $2 trillion a year of our $6 trillion budget is deficit. we are not able to help anybody including ourselves if we keep running deficit spending the way it is going. >> i could not agree with you more.

the idea we will fight one third of the budget, the agreement is $1.66 trillion, may be that is what they are trying to do. that's only 1/3 of our budget. that's not what is running this country into the iceberg, it is the 2 thirds that involve medicare, medicaid, social security. you have to. david: there is always an emergency, whether it is covid or ukraine funding, always an emergency that overcomes the desire to balance the budget. i'm not a cynic by nature but i am a skeptic when it comes to their promises. >> reporter: in your last segment, right on point, they don't want to go after the weapon eyes did bureaucracy. the government is easiest to tackle, harmful to the american people weapon eyes against us, going after us and they won't

deal with it. i would rather have this money burned in a parking lot than have it spent against the american people. then we can have a conversation about automatic drivers producing additional debt but they won't have that debate and it is unfathomable. david: you hit the nail on the head. thanks for being here. coming up, calls to defund a un agency over its employee ties to hamas. the state attorney general's leaving the effort, we will ask if the administration and congress have done enough about it. the best advice i ever got was to invest with vanguard for my retirement. the second best? stay healthy enough to enjoy it. so i started preparing physically and financially.

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"does it really work?" and all i have to say is, "here i am. it works." my advice for everyone is to go with golo. it will release your fat and it will release you. david: 26 state attorney general calling for an indefinite end to funding the relief agency working closely with and in some cases actually fighting alongside the terrorist group hamas,. some coffee dismantling the un group as its embattled chief refuses to redesign. joining us is greta bird for more details. thank you for being here. just to be clear for folks not following the story, we have known about this organization

for a long time and their cozy relationship with hamas. that's why donald trump, one of the first things he did was end their funding number took it down to 0/1,000,000,$000 and one of the first things president biden did was refunding it all over again. we knew they were cozy with hamas. finally the truth is revealed but at a terrible cost. >> it is absolutely terrible and it is basically a us taxpayer-funded welfare program for terrorists. we see what happened october 7th and that should never happen. donald trump was right when he cut them off completely and biden restarted giving the money on day one, $1 billion has gone to the man funded things that are terrible, the terrorism against israel is endemic, we found the command

center under the unra headquarters bought and paid for with our taxpayer dollars. we are funding them and that is wrong it has to stop. david: the question a lot of people would ask is why are you doing this? isn't this a federal issue, president biden turned on the funding, donald trump had the authority to turn it off. why are state attorneys general getting involved in this rather than just the feds? >> i stand with israel against terrorism and it is illegal to provide material support to terrorists and that looks like what you andra has been up to and doing it with our money. david: this is a lawsuit that involves the people of your state. you are representing the people of your state and the money they are spending for this organization. >> we are standing up for the rule of law.

somebody has to because the biden administration is broken. it's very disturbing that they restarted that funding even though i think they knew there were problems. david: this is one organization, probably the most egregious. i live in new york city. i have for 40 years. i know a lot about the united nations. they have a lot of organizations that do things with money, we spend 20% of the un budget but from top to bottom you find examples of corruption let alone a egregious examples of working with hamas and other things. why are we funding the un at all to such an extent? >> that's a good question and it is something that needs to be looked into. it is one thing to have bad

things happening in the world that we live in. another to have the us taxpayer footing the bill. that is why what happened with unra and hamas is so disturbing. we have found 10% of unra employees were affiliated with jihadist or hamas groups and actively engaged in that. we have to shine the light and stopped that funding. david: can it happen without a president that sympathetic to your cause? >> we need donald trump back because he made us safer in the world, he understood we don't give our money to terrorists. that wasn't a problem. president biden needs to do the right thing and congress paying attention as well, we needed to be investigated, figure out who knew what and get to the bottom of this. david: appreciate you coming. more cavuto coast-to-coast

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