so why did he seem to never have any money of his own in why did he rack up so much debt? and why were these companies paying for him? maria: yeah. we all know why. remember there was an e-mail to his daughter saying, you know, i'm paying the family bills. so he's taking in this money from adversaries, and then he's paying the family bills. >> and it'll be interesting to see if there is a direct link between that money and, obviously, the american express bill. i found it was very interesting, maria, when you asked visa, jpmorgan, bank of america, he specifically said american express. maria: we're waiting to hear how they respond if, rebecca. >> i hope they cooperate because, obviously, they've had to push them before, they've eventually gotten cooperation by making a subpoena and what have you. just cooperate and let's get this information. we need it before the election. maria: all right. mark tepper, kaylee mcghee white, thank you, everybody. "varney & company" pix it up.

stuart: good morning, everyone. the alarm bells are ringing. there are reports russia is developing space-based weapons. the chair of the house intelligence committee calls it a serious national security threat. if reportedly, the russians could use nuclear weapons to knock out american satellites used by the pentagon. separately, putin says biden would be better as president for russia than trump. because, he says, biden is more predictable. meanwhile, a new fox poll shows trump with a small lead over biden in north carolina and in michigan. biden won both those states back in 2020. to the markets, stocks higher again after yesterday's bounceback. a retail sales report shows that they fell 0.8% in january. that's quite a sharp decline. that's good news for stock investors, i guess. the dow up 50 and the nasdaq up 10 points. modest gains right now. interest rates slightly lore as investors react to those weak retail sales. the 10-year yield is well under 4.25% as for the 2-year, it's

only just above 4.5%. gasoline, still moving up. regular now at $3.27, up 2 cents overnight. diesel, $4.09. that's up 11 cent overnight. and look at -- 1 cent overnight. look at bitcoin, $53,000 as we speak. that's the latest quote we have. we'll get it on the screen, i think -- no, we don't have it. $53,000, i insist on telling you that. there you go. no, that's the 10-year yield, okay. on the hoe today -- show today, the democrats on tape saying biden is fit to serve. they're circling the wagons, refusing to release the triplets of the interviews -- transcripts which reportedly show his severe memory loss. a new migrant surge. holding facilities full, they don't have money money for expansion, so i.c.e. will release thousands into the country. the republicans are getting the blame because with they refused to approve the money. and a couple in massachusetts solen tiered to take migrants into their home. colin and jessica stokes signed

up, and within an hour a family of four knocked on the door. jessica says they are a lovely family, so grateful, so appreciative. thursday, february the 15th, 2024, "varney & company" is about to begin. ♪ ♪ ♪ darling, let's give 'em something to talk about. ♪ let's give 'em -- [laughter] stuart: for some reason, this is my favorite song. >> is it really? if. lauren: this is your anthem. >> walking into a room and something to talk about. >> that is, that's kind of your theme. i get that. lauren: it seems scandalous to me, let's give 'em something to talk about, yeah? what are we plotting? stuart: it's a good way to start the show. let's get on with it. white house national security advisor jake sullivan is heading to the hill to brief top lawmakers on this serious threat related to russia.

house intelligence committee chair mike turner wants biden to declassify this information. lauren, what do we know about this? lauren: reports that russia has space-based nuclear weapons that can hit our satellite network can is and take down military and civilian communications. that's in violation of the international treaty that are banning space nukes. the house intel chair, mike turner, is sounding the alarm, urging president biden to declassify all a pertinent information. the national security adviser, jake sullivan, will meet with a group of lawmaker about it this afternoon. just to be clear here, no weapon has been deployed. are they close to one, if so, how close? house speaker mike johnson is urging calm, but why right now is mike turner sounding the alarm? likely because johnson pulled a spy powers bill called section to -- 702, and turner wants that reauthorized. maybe he feels we're asleep at the wheel, right in biden keeps missing some international threatses, right? we have two wars going on around

the world. stuart: all right, i got it. kind of inside baseball, that one, but nonetheless, we want to know. putin says that a biden presidency is better for russia than a trump presidency. ben domenech joins me now. putin also says biden is more predictable than trump. is he interfering in our election? [laughter] >> certainly by the standard that we've established before in the past, stuart, he is. but, look, i actually think this is more of a story about the media because if putin had said the opposite, if he had, you know, gone in the trump direction instead of biden, i think everyone would be losing their minds, their hair would be on fire. instead him saying biden is better is not viewed as an endorsement by the media for some reason. instead, they depict as being, you know, something that they can dismiss. i think in this instance though putin is actually correct in the sense that joe biden is very predictable and predictably wrong when it comes to his

engagement in foreign policy, slow to act, you know, really, you know, i think it's a very predictable group of people from back, the kind of b team from the obama era. and is we've seen the reflection of that in his policies all around the world and how slow he is to react to what's going on. stuart: predictable, indeed. next one, ben. new fox polling. trump leads biden by 5 points in north carolina. trump leads biden by 2 points in michigan. these polls were taken after the release of the hur report. i'm a little surprised that trump's lead isn't wider. how about you? >> well, i think one thing that you see in michigan in particular is if you dig into the numbers, his lead increases if there are more candidates in the race, meaning more -- joe biden loses more to third party candidates than donald trump does, and there's more loyalty among the trump fan base and supporters. i do think though these are kind of critical warning signs for how the republican party needs to get their head back in the

game especially after that that special election back in new york the other day. they can't just be content to have the border issue make the case for themselves, and the michigan republican party, they just switched chairs and went through a lot of upheaval there. it's a critical state that is obviously going to be the focus of a a lot of money and a lot of attention going into november, and i think that, you know, republicans need to be very focused and very responsible if they hope to win that a state. stuart: got it. ben domenech, thanks so much for joining us. see you again soon, thank you. president biden said on tuesday that he would with answer questions in, quote, a day or two. lauren, any idea when he's actually going to speak? lauren: that would have been yesterday or today. no idea when he's going to speak. likely not. kjp, his press secretary, came out and said there's nothing on his schedule that would prevent him from speaking. here she is. >> so, look, we always try to find ways to, for him to have engagement with all of you. he takes initiative, obviously,

on his own many times whether it's on the south lawn, whether it's on the road, whether it's here at the white house to take questions from all of you, i just don't have anything on his schedule to speak to at this time. lauren: i loved when cnn's white house correspondent kept pressing her, why not? when he going to speak? and she said at least seven times shes has no update. there's frustration. stuart: keeping the president very much under wrap. that's the policy. thanks, lauren. switching gears, the latest retail sales this morning. back to you, lauren. lauren: tumbled. i'm using the word tumbles in january. fell .8% from december. that's the most since march. potential early danger sign for the resilience of the economy, right? on the right you see the annual number. sales rose from last january by .6%. that's because we're shopping online. we're till going out to eat. that's where spending is resilient thus far, but you can see that sales fell sharply for furniture or and for building

materials, right? those are the numbers on an annual basis. home spending down almost 10%. stuart: check futures in light of those numbers. a little bit of green this morning. up 50 on the dow, maybe 7 on the nasdaq. that was much higher earlier. all right, adam johnson with us this morning. >> sir. stuart: the market is rebounding. >> yes. stuart: nicely so. how far is it going to go? >> we're going to see new highs, stuart, and i'll tell you why. it's the same thing we've been talking about for months and months, the three es. everybody, employment -- earnings, employment, the economy. they are strong. numbers on a day-to-day or week to week basis are inconsistent. cpi came in a little hot on tuesday, market was down 800 points. retail sales come in a little light today, market rebounds because, oh, it's not inflationary. and what people need to do is steer for the middle of the road. you know, it's the very easy to get caught up on a given day by one number or another number. but, you know, take the long view. that's what's important.

the economic surprise index where they take all the economic news that comes up, if it's better, they add one, if it's worse, they take one way. it's right in the middle. stuart: tell me about big tech, the magnificent seven or whatever number you choose, or they're running away with the whole market. >> yeah. and understandably so. big tech has big balance sheets that are safe and stable, well capitalized. they have big businesses that are growing. in fact, the magnificent seven, almost all of them with the exception of apple, seeing double-digit earnings growth. in some cases over 20%. yes, you're paying a lot, they're expensive, but, you know, you're getting the scale and you're getting the growth. and you can sleep at night. stuart: you see they're still powering ahead of the market. >> they are. stuart: so big, so powerful, and you look at the second and third tier stocks, they're not taverning up in -- catching up in terms of pe. >> yes and no. i had to pivot a year ago a, i was long all these little, tiny names that nobody cared about a, and i sold them.

and i bought sort of the next tier down from the magnificent seven. salesforce.com, palo alto software, names like that. they're now up to new highs as well. what is lagging, and i think this is really where you're going, the small caps and the risky stuff. they haven't caught up. they're starting to, and i'm long those as well. and i think that's actually where we're going to get the pansy guys on wall street -- fancy guys on wall street say alpha. alpha's where you beat the market, and i think that's where you're going to beat the market. stuart: is there an etf that covers the russell 2000? >> yes. iwm is the etf for russell 2000. and, stuart, the russell 2000 is still 15, 1-5, 15% below its all-time high from 18 months ago. so, you know, that's, i think, where you're going to see the catch-up. as people get more comfortable with the free e -- three es that we talk about, earnings, employment and the economy, as the fed does cut rates, i think

it's the small caps that are tip of the spear. that's where where you're going to get the excess return, the fancy guys on wall street say alpha. excess return. stuart: iwm follows the russell. very good. thanks, adam. stay there for the hour. coming up, joe rogan blasting the media for defending biden's mental fitness. watch this. >> everyone's so terrified of trump being president. they're like, blah, blah, blah, i don't hear anything, i don't see anything. how can i trust you if you won't tell me that a you think something's up right here? if this thing that's right in front of our face. stuart: he's very entertaining. deroy murdock will sort it out for us. look at these, i'm showing you pictures of tattoos linked to a violent venezuelan street gang. the national guard is now warning nypd to check all arriving migrants for these signs. the gang continues to make its presence felt in new york city. former border chief chad wolf joins us shortly. ♪

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♪ ♪ stuart: authorities in mexico sounding the a alarm on cartel smuggling operations at the california border. griff jenkins is there. you spoke exclusively to these officials, griff. what did they tell you? if. >> reporter: yeah, good morning, stu. listen, let's start with the numbers, and that is i just got an update. there was 1,052 encounters here in the san diego sector yesterday, and and yet again a large number of them were chinese. now, are let me show you the video of this break in the wall behind me. take a look at this video. these are the migrants that have been streaming through here, and many of them are these single

adult chinese males. chinese are now the leading group coming across the border, and this area is ground zero for them. that is why we've been talking about the numbers of the 20,000 chinese migrants that have come across the border since october 1st, 90% or more are coming through this area. now, they're not coming through this gap right here where you're seeing the video, the my grants right now, because -- migrants right now, because the mexican authorities are set up just across from me. let me come back on camera, and i'm going to show you if i can just spin thomas a little bit, you can see, stu, the silhouette as the sun's coming up the white tent the set up. that's the mexican military. the immigration service have set up a temporary operation to stop it in a very rare, never have i encountered the imm officials coming across the border wall. they poked their e head in yesterday. this is the director of baja, california, this whole area. his name is david perez tejada.

he talked to us about the fact that there's 2-3 cartels, dangerous ones, operating on the other side, on the mexican side. and when they get these migrants, they often result in death. listen to what he told us, listen. >> there's times that they don't necessarily bring them to the fence. sometimes they abandon them in the middle of nowhere in the desert, in the mountains, and there's people sometimes the that has a died in their intent to cross. >> reporter: and he says about a third of all the migrants they're encountering are chinese. and i'll leave you with this, stu. as we were getting set is up here about 20 minutes ago, border patrol went running past us because they said they're working another group about 5 miles to our west. it's a cat and mouse game plague out every day. stu? stuart: 1,052 in one day in the san diego crossing point. extraordinary. thanks, griff. good stuff. i.c.e. is reportedly e

preparing to release about 16,000 my grant detainees tanks to a $700 million shortfall. that shortfall would have been covered by border bill that failed to pass in the senate. chad wolf is the former acting homeland security secretary, joins me now. chad, i think the republicans are getting the blame for this one, right? >> well, i think the administration is certainly trying to do that, but i think the american people are seeing through that. this is an administration that has constantly, you know, sought to defund i.c.e. the number of beds that they've add over the last three years have been -- that they've had over the last three years have been at historic lows, and the idea they've been transporting migrants for three years now across the country is likely taking up a lot of their funding. so the bad policies result in resource deficits, and now the administration says i need you to continue to fund our bad policies and the failed strategy for the past three years. look, i think a full accounting needs to take place at i.c.e. what have they been spending

their money on over these last three years? is it moving migrants around the country and releasing them into the country, or is it something else? if. stuart: that's for like it, i think. the national guard in new york is being told to check migrants for specific tattoos linked to a venezuelan gang. how come we have a special deal to let in so many venezuelans? why the special deal? >> well, again, this is the parole program that the biden administration set up. we're pa if roling upwards of 30,000 of them into the country every single month and probably more that use that cbp1 app. and this is part and parcel to the biden administration's policies. not only venezuelans, nicaraguans and others, and some of these focus are very violent individuals. we don't have an accounting of where they go, we don't do the necessary checks and law enforcement interviews at the border because there's too many of them coming across. this has been going on now for three years and, unfortunately, we're starting to see the effects in communities across

the country. stuart: yes, we are, indeed. chad wolf, thanks for joining us this morning. very important day. thank you very much, sir. now this, a couple in montana has volunteered their home -- in massachusetts has volunteered to house migrants. tell me more. lauren: chris and jessica stokes, they're from brookline, massachusetts. when they saw the migrants sleeping on the floor at logan airport, they raised their hand. they volunteered, we can take a family in. less than the an hour later, a family of four showed up on their doorstep. they knew nothing about who they were or what they needed. this is what jessica told a local tv station. i was, like, i have to get sheets on the bed, how many people are coming? where are they from? what ages? we really knew nothing. the need is so clearly overwhelming, says her husband. i think this is really sad. there's just not enough beds. there's not enough resources for the migrants that keep coming in. she's now -- this family's now on the front lines of what is

happening, of the border being wide open no matter what anybody tells you, and they said it is disfunction ifal. they're seeing it, and it's disheartening. stuart: i think what they're doing is really wonderful, and i'm going to get a lot of hate mail, but i think it's a wonderful act of christian charity. >> yes. lauren: the reason they did this is so more people would help. stuart: they're taking an enormous if risk. lauren: of course. stuart: i don't know whether they can refuse people who knock on the door -- lauren: you would think you'd get more than a 45 minute heads up. >> if anything, that speaks to how desperate the situation is. 45 minutes later 4 people show up at your home and you're going to put them inside your home? if god bless them. stuart: absolutely. we're going to have more on this later in the show. check futures, please. thursday morning, all day. 73 up for the dow, 17 up for the nasdaq. the opening bell is next. ♪ don't wake me, don't wake me up ♪

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bit coin's about a, what, 53 -- 52,4 at this moment, and you think this is the bitcoin's breakout moment. i want you to explain that, and i want you to tell us what is this halving about? >> yes, sir. well, you know, so bitcoin 's setting up right now just like the stars are aligning for this thing to really just launch here as we're going into this halving period. so here's what the halving period is, stuart. every four years production proximately -- approximately, bitcoin reduces the amount of blocks they yield to those that solve the difficult mathematical problems to mine these to blocks and cause all these things to go together. why is that a big deal? it's twice as costly to actually mint these things. and so, you know, we're at 19,500,000 right now on those bitcoins actually the minted. there's 21 million in total, so we're getting near the end of all the allowable amounts of these things. so supply and demand's going to dictate that the last ones of

these are going to be, you know, more expensive and also there's fewer of them. so what we're looking at right now with bitcoin, i think we're gearing up to be looking at 100,000 by the end of the year because of this new etf trend that's develop developed here. we're seeing over a billion dollars a day trending into the market, so i don't think this is going away. i think it's getting set up as we're just past the first month of that etf going online. stuart: is there no way you can increase the supply of bitcoins many. >> there is not. that's pail part of -- actually part of the rules that hay mandated in the initial launching of this thing. and, in fact, one thing that's really important, stuart, of all the bitcoins that have ever been produced, if you lose your keys, you lose your crypto. what that means is if you're holding this in some cold wallet or to havage offline, or maybe it got hacked, you can never get it back. of the 21 million out there, i guarantee there's millions of those that are not ever going to be active ever again because people have passed away, they've

lost their crypto, lost their keys. stuart: okay. tell me, are you in bitcoin, and tell me what price you paid for it. >> okay. so i've been in bitcoin, and i'm somebody who's a buyer long term. and so when i saw everything go down here in '21, i started buying in when we got to kind of our first floors. so i've just been dollar cost averaging in. i think that a my average cost is somewhere in the 20s. and so it's obviously up quite a bit relative to where i personally got in. but, you know, there's a lot of people that got in way earlier than i did -- stuart: can i just ask one quick one? >> i'm very active in this space. stuart: 15 seconds. etherium, is that subject to the same halving rules, the same supply if constraints? >> it is not. it's completely different. and etherium works in more of a staking kind of -- type of protocol. a lot more apps can be developed, so that's a trending toward the future. stuart: okay. we'll leave it at that. david, you're looking for

100,000 on bitcoin. we shall see. the market is now open, and we've opened with a very small gain for the dow industrials. two-thirds are up, and the dow is up, what, 8 points. that's what you've got. the s&p 500, similar story, a very modest gain right at the opening bell. .05%. it's back above 5,000. the nasdaq composite up 13 points, .09%. not much movement in the early going. sew me -- show me big tech. meta, which is up again today, 476. microsoft, amazon, apple and alphabet down slightly. alphabet down $2, 1.7%. look at cisco, please. where is it this morning? if it is down 4%. they're the latest tech to announce layoffs. lauren: 35,000 layoffs in tech so far this year. another 420 plus coming from cisco -- 4200. lower profits and revenue, slashed their outlook for the year. their preordered products like soft way, networking gear, the stuff that a cisco provides, and

the stock is down almost 4% even though they're cutting costs by announcing layoffs. we've seen week after week companies are coming out cutting workers e, and that stock price dun always go up. it used to be seen as a good thing for investors. i think now it's a worrying signal for the economy overall. stuart: used to be you landed a big tech job, and you were finish. >> set. you just kept getting stock, and it kept going up. lauren: do you remember, i was speaking to one of my a.i. expert friends, and he said people go into the boss' office, they're trying to negotiate a raise. you can't really do that anymore because the boss can say, oh, well, in two years a.i.'s taking your job anyway. it's something to be mindful of. >> that's a good point. stuart: show me stellantis, please. i believe they're rallying at this point. i don't think they got hurt by the union strike. lauren: i can't believe i'm going to report this. record profit, record revenue for all of last year. net profits last year are at $20 billion, that's double general motors', five times that of

ford. yeah, they have jeep, but they also have chrysler, dodge, ram and maserati. all expensive cars. they do have pricing power, the average selling price of their vehicles, $53,000. they're buying back shares, they're increasing their dividend. as for the 6-week union strike, yeah, it hurt them. their adjusted operating income fell 100 basis point,s but stock was up 5%. stuart: who would have thought they would have doubled their -- >> remember when the uaw said these companies can afford it? if actually, they can. stuart: we had some reports out earlier this morning, start with wendy's. they're down. lauren: miss all a around. half of the expectation, now they're beefing up their advertising spending to get more traffic coming in such as a, hey, come in to wendy's for breakfast. i don't associate wendy's with breakfast, but there's going to be a big push for that first meal of the day. stuart: crocs. we've had some fun with them on this program.

[laughter] lauren: they have been around a since, i think, 2002. a mature brand -- >> you couldn't pay me to wear those shoes. stuart: they sent me a free pair once on the grounds i said they were ugly on the air. lauren: record annual profit as well as revenue knew and a really solid outlook. demand is fine. they're not that the expensive. kids love them. they're lazy, you just put your foot right in them. you can wear them in the winterer, they have got fur. you can put those little tickers in them. stuart: and the lady who created that company, the stickers in the crocs, she walked away with a million dollars. lauren: that's it? >> maybe more -- >> i hope she got more than a million. lauren: i know. stuart: john deere, my favorite of which i am a preference. lauren: farmers are hesitant for two reasons, interest rates are high and crop prices are falling. deere is down 4% because they cut their full-year profit

expectations. this is also a bellwether for economic activity or the economy in general. lauren a lauren okay. penn entertainment, sports betting and casino. lauren: yep. remember they had that licensing deal with espn bet? they reported a pretty big loss, the stock is now down nearly 12. stuart: thanks, lauren. "the wall street journal" says morgan stanley is cutting jobs. well, my question would be, which division? lauren: wealth management. stuart: ooh. surprise, actually. why? >> well, because that's where they put so many resources. wealth management is not about taking risk, it's about putting -- taking other people's money, putting fees on it and managing that money in a third party kind of way. it is not like putting up ipos or trading the, this is the business, and i'm surprised -- lauren: do you think it has anything to do with the acquisition of e-trade a few years ago? streamlining? >> it may. but i will also say that goldman sachs was a tough place to work,

they cull the worst performing 5% of their work force every year. and maybe morgan stanley is starting to look like that. lauren: quickly on morgan, it would be hundreds of workers. 48,000 work in that a unit, and they have a new ceo now. he took over after james gorman. this is one of the first big things that he's doing -- >> oh, good point. that's the whole point. new guy wants to prove he's tough. that's, that's what this is, stuart. stuart: brutal a, sent it? lauren: the goal is to have $10 trillion in assets under management. stuart: and there was a time when you got a job in wealth management like that -- lauren: there you go. [laughter] stuart: adam has brought stock picks, and you're going back to palo alto networks cybersecurity, aren't you? >> it's not that the i'm going back, i'm just reiterating the fact that i hike it, and i'm raise aing my target, stuart. the stock is $366, and i've upped my target to $500. you say, 500, adam, are you out of your mind? the thing trades at 65 times

earnings. yes, i know, but it grows earnings 25% every year. what happens is the analyst -- i mean, this company has beaten earnings estimates every single quarter since 2016, stuart. and beaten by at least 10%. so what happens is another quarter comes out, they beat and raise, beat and raise, beat and raise. and the street just keeps moving up. so i'm getting ahead of the street, and i'm moving up my target to $500. stuart: within a year or two years? time frame? >> most of the street sets a 12-month target. i don't put a time frame, but, yes, i'm using 2026 american -- earnings. yeah, i'd give it a year and a half. stuart: united rentals. >> number one equipment rental company in the world. 15% market share. we've all become renters. we remember everything from cars to houses and businesses do it with equipment. this company's growing 10-12%, i love it. founded by brad jacobs who is all over the news for his new ventures, xpo was another one of

his gold mine stocks. united rentals, i love it, i've upped my target. toure institute where is it going again? >> united rentals, i've upped it to 800. it's at 650. stuart: you've upped it significantly, don't you? >> well, i don't mess around, stuart. [laughter] stuart: stay there. guy myier rah made headlines last year when he said his sons were not entitled to a free ride. now his son is speaking out about what it's like growing up with a no freebies father. elon musk says he's moving spacex from delaware to texas after a judge voided his $56 billion tesla pay package. details on that for you. and house homeland security chair mark between is not going to seek re-election. what's behind the gop exodus? house majority leader steve scalise will take that on. steve is next. ♪ don't you forget if about a m.

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stuart: house intelligence committee chair mike turner wants president biden to declassify information concerning russian space weapons. peter doocy joins us. has the white house responded, peter? >> reporter: yeah, they have, stu, and this could be the first real test for the u.s. space force to try to stop a russian nuclear weapon in space that moscow might put up there not to drop on the world below, but instead to take out critical u.s. satellites. >> this administration has gone further and in more creative, more strategic ways dealt with the declassification of intelligence in the national interests of the united states

than any administration in history. so you definitely are not going to find an unwillingness to do that when it's the in our national security interests to do so. >> reporter: the house intel chair, mike turner, is saying to president biden, declassify all information relating to this threat so the congress, the administration if our allies can openly discuss the action as necessary to respond to -- actions necessary to respond to this threat x. if russia does this, they would be in violation of a 1967 outer space treaty. it's unclear where the u.s. is getting this intel, but this revelationlation does -- revelation does come as the house is struggling to reauthorize 702 of fisa, the intelligence-gathering tool. still, speaker mike johnson says there is no imminent threat. >> i want to assure the american peoples there is no need for public alarm. we are going to work together to address this matter. steady t hands are at the wheel e, we're working on it, and there's no need for alarm. >> reporter: and this is going to be a challenge but also an

opportunity for president biden to prove to allies that just because a special counsel says he has serious problems with his memory does not mean he has serious problems with his judgment. if stu. stuart: thanks, peter. house majority leader, congressman steve scalise, joins me now. congressman, you've seen the information on this threat. where what more can you tell us about it in. >> well, stuart, i appreciate you having me, and i did see this classified briefing yesterday. and it's alarming, but i agree with the speaker's comments, there's no reason for the american people to be concerned. but i do think that it would be helpful if the president declassified this not only to engage our allies, but there are countries that are not necessarily our allies that also i think would want to know this information that would also be alarmed by this information and would help us in addressing it. stuart: if the russians were to put nukes in space, that would break the 1967 treaty which said no nukes in space ors, so that's what we're dealing with here, a

possible breach of a treaty. >> well, i can't get into specifics about the classified information, but at the same time, again, i do think it would be helpful if it was declassified so that we could engage not only, again, not only our allies, but other countries as well. stuart congressman, i'm leave it right there, believe me. house security chairman, congressman mark green, he's announced he's not going to seek election this year, and he joins four other committee chairs who will also forgo re-election. that's kind of a mass exodus. congressman, why are they leaving in. >> well, you know, unfortunately, you see this every now and then, and in our majority we actually limit our chairmen to six years. the democrats don't limit their chairmen, is and, you know, that's just a choice we made a long time ago a when newt gingrich took the majority in 1994. they put term limits in place for committee chairs, and i think that's been helpful because it allows younger members the ability to say, look, i don't have to wait

around a for 30 years to be a chairman because, ultimately, or i'm going to have an opportunity to hold a gavel someday. and and so what that means is when a chairman gets to their six years, a lot of them leave. and i don't blame them because, you know, there's going to be other opportunities that they're going to have after their tenure as a chairman. but the democrats don't do that, we do and, frankly, i think it's healthy that we limit our chairmen to six years. stuart: over -- >> but we lose some good people, and we're going to lose a few good folk ors you know, and i'm sorry to see that. stuart: over your years in congress, has politics, being a poll decision, become more difficult? not more dangerous in your case -- [laughter] but, i mean, more toxic. i can use that word. is it getting worse? >> yeah, the environment's definitely more toxic, stuart. you know, social media even elevates that that higher, but, you know, i think the country is so divided right now. you see it in elections. look at how close our majority is. that's a reflection of where the country is because, you know, in every district in america whether it's a deep red district

or a deep blue ticket or a swing district, you know, you're seeing a very divided nation right now over a lot of key issues. and so, you know, this is going to play out this year with, this is a major election year. we've got a presidential election. congress is all up. you know, there's a good chance the senate can flip to republican, but it's going to be razor thin no a matter what that margin is because we have a nation the's divided -- nation that's divided. stuart: you with impeached secretary mayorkas this week, but the senate is moving to dismiss this impeachment. so what do you get out of it? >> well, first of all, we laid out the case. and chairman green, you know, while he's going to be leaving at the end of this year, he and his committee did an incredible job over months laying out the case for why secretary mayorkas failed in his mission to protect the american people and should be impeached and then, ultimately, that came to the floor and passed. whether the senate takes that seriously or not, i don't know. that's not my job, that's the senate's job. but i would urge the senate to take this seriously because most

americans do. most americans are disgusted by the open southern border, stuart. the fact that you've got thousands of people every day coming ate cross our border including people on the terrorist watch list, from people from hostile nations who want to do america harm that are having to the -- stroll thing right across the rio grande, coming into america and we don't know where they are. the white house won't tell you which statements they're going to. they won't even tell governors how many people are showing up at three in the morning by busload to their community. whether it's democrat mayor ises or republicans, it opportunity matter the party, people don't want an open southern border, and it's affecting every community in america. it's got to be stopped s and we take it seriously even if the secretary of homeland security and the president of the unite don't. stuart: congressman steve scalise, we hope you're in good health. >> thanks. god's been good to me. thanks a lot. stuart: new york city suing social media company.

they say these platforms are fueling the mental health crisis among children. the democrats rushing to president biden's defense after the special counsel report. watch this. >> president biden is absolutely fit. i'm very proud of him. >> there's no doubt in my mind that the president is mentally fit for office. >> the only person's mental health that i'm concerned about is donald trump's. stuart: the democrats are circling the wagons. more on that in my take coming up at the top of the hour. ♪ ♪ i'll be there for you when the rain starts to fall ♪ -- to pour. ♪ i'll be there for you like i've been there before ♪ ♪ we have great benefits from principal. so i know i'm taken care of. and not just me. but the ones who matter most to me.

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stuart: the mayor of new york city, eric adams, is suing social media companies. madison alworth with us this morning. what exactly is he accusing them of? >> reporter: he's accusing them of fueling the nationwide mental health crisis that we're seeing among young users, and they're blaming social media for that because they say they're exposed to a nonstop stream of harmful content. so new york city now suing a handful of social media

companies, tiktok, instagram, facebook, snapchat and and youtube, joining other cities and states in the legal fight against social media platforms. >> this was a hard thing to do. our social media companies have been partners in the city. our tech industry this is has grown here in the city, we're in a great partnership with google and what they're doing. you know, this was a hard thing to do. but this is the right thing to do. and that is going to be the trademark of this administration. >> reporter: hundreds of school districts across the nation is have also a filed litigation allege aing these companies design their platforms to manipulate and get young users hooked. but an attorney tells fox business that the city's lawsuit in particular is a stretch. >> the damages the money that the city has had to spend on mental health services due to the mental health illnesses that these social media apps have caused or exacerbated. i mean, look, i've gotten some

text messages that are pretty stressful. should i go and, you know, sue apple because there was a read receipt turned on? >> reporter: so while this is all happening, this hasn't stopped politicians from using these platforms. biden's campaign just days ago joined tiktok even with national security concerns. on wall street two of the companies that are being sued are soaring. google shares, they're up there about 4.4% year to date, meta shares soaring well e over the course of this year as well despite zuckerberg being on the hill and testifying and apologizing to families. now, both of those panes along with tiktok all told fox business they take these issues seriously and are working with experts to make sure young users are safe is. snap, interestingly enough, distanced themselves from the others saying they encourage communication between friends, and they don't want users continuously on the app. stuart: got it. thanks, madison. and, by the way, thank you very much for being here. still ahead, biden lashes out at special counsel hur for asking

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