>> that's right. and i think the other thing that happens is people separate out the economy and inflation in polling, and it's really i think people look at them together, because that's the lens they're looking at through the world. it's still one of the top concerns of americans. you remember things, but it's not that long ago that mcdonald's still had a dollar menu with. you don't have to go back to 1993 -- maria: before we go, real quick on term limits, you don't think term limits would work. >> it's not the universal solution everyone makes it out to be because of the institutional problems many in d.c. and here's an interesting statistic, the turnover in the united states house right now is less than 8 years -- maria: but you're talking about the staff. the staff knows how to -- >> the staff as well. maria: term limits on the staff. >> you've got to have a whole traditional change in d.c. understanding that our country's at stake. maria: adam johnson, doug collins, lee carter, great show is. thank you so much is. see you again tomorrow, everybody. very and company picks it up. stuart: good morning, maria.

youngsters, arab-americans and progressives just delivered a blow to the the president's re-election campaign. the uncommitted vote in the michigan democrat primary was 13%, well over 100,000, far higher than expected. that means a large group rejects the democrats' leading candidate. and with biden in trouble with the youth vote, kamala harris announces a plan to pay students to register people to vote is. vote buying by any other name, surely. on the republican side, donald trump won hands down, 68-26. haley lost her fifth straight but says she's staying n. trump called in to the michigan victory celebration. he said on november the 5th, election day, and january 20th, inauguration, we take over, end quote with. to the markets and the big story is, again, bitcoin. crossing the $61,000 level. the quote right now is $60,459. this is what's called the halving which restricts the supply of bitcoin coming to the market.

restrict supply, up goes the price. stocks, mostly lower this morning. no huge moves though. the dow industrials down about 100, and the nasdaq down 81. the interest rates are stredly raising. the 10-year treasury yield is 4.30, and the 2-year is approaching 4.70. right now it's at 4, let's see, 4.68. oil moving to the high 70s, you're looking at $78 -- no, no, $79 a barrel right now. and gas has started to move up again. overnight it gains two cents. regular, $3.29. no change for diesel, still at $4.07. on the show today the, trouble at google. their a a.i. product spits out female popes and black george washingtons. ceo sundar pichai says bias in a.i. is unacceptable. okay. but how do you get this nonsense sense out of the system? and then there's the apple car, going, going, gone. the whole project scrap ised -- scrapped entirely. hunter biden testifies this

morning behind closed doors. no cameras, but a transcript will be released. and we have author of an important new book, "bad therapy: why kids aren't growing up." why would that be? because an entire generation of children has been taught to focus on their feelings. we really do cover it all. wednesday, february the 28th, 2024. "varney & company" is about to begin. ♪ ♪ hey now, you're an all star, get your game on, go play. ♪ hey now, you're a rock star, get the show on ♪ stuart: okay, you're a rock star, something like that. what's that? all star. i thought it was rock star. okay. i thought it was about me. lauren: well, similar. you are. would you rather be a rock tar or an all star? stuart: oh, a rock star any day.

i wallace want -- always want to be a beat withing. i can't sing. good morning, everyone. let's start with the michigan primary,s why not? donald trump defeet nikki haley by more than 40 points. lauren are, what did trump have to say after a his big winsome. lauren: my takeaway, he didn't slam nikki haley. this was his fifth straight victory. he went straight for joe biden instead. watch here. >> i just want to thank everybody. this was a great day and, pete, congratulations. thank you very much. we'll be doing a lot of campaigning over the next couple of months, few months, and, you know, november -- i can el you this, november 5th cannot come fast enough because our country's in serious trouble. we have the worst president in the history of our country, the most incompetent and the most corrupt president, and we can't let this continue. so the date, november 5, and january 20th when we take over cannot come fast enough.

lauren: he's confident. 68% of the vote. haley got 26%. michigan, swing state. it often decides elections. and he needs haley's supporters. so president biden yesterday won 81% of the vote this if that primary. 618,000 votes. but a whopping is -- 10 -- 100,000 people voted uncommitted. they're sending the white house a message, we do not like the president's policies in gaza. stuart: okay, got it. thanks, lauren. will cain is with me this morning. will, i want to focus on those 100,000 plus uncommitted votes in the democrat primary. that gives biden's campaign a problem, my opinion. it shows the democrats split. how do you see it? >> yeah, i think -- so here's i was just looking at my phone while i was listening to lauren. here's what i think. turnout. so in the republican primary in michigan between haley and trump you've got almost a million votes i think it adds up to. in the democrat, joe biden got

680,000, 100,000 in uncommitted, so let's put it at 800,000 the votes roughly. so that's a 200,000-vote gap, right? and you say that's what can determine an election. so what i'm getting at is there's a sizable contingent of the far left of the democratic party who's really upset over israel and pal if student. that's led by rashida tlaib in this effort. what i think what ends up happening, what matters is they're not going to vote for trump come november, but do they stay home, you know? do they just not vote? are they out on joe biden? and we know that a lot of democrats are out on joe biden. i'm not talking about the swingable voters, i'm talking about the far left. if they have a turnout problem and those people stay home, states like michigan, georgia, arizona, those came down to slim margins in 2020. so you're talking about something that could potentially swing an election in this far-left chunk of the democrat base. stuart: and there's an uncommitted write-in campaign in

minnesota where the primary is next week. you could have another sizable uncommitted vote, again, splitting the party. a real problem for the biden campaign. let me move on to this, will. biden was stumbling over his words again at a meeting with bug four congressional leaders at the white house. you've got to see this. roll tape, please. >> and also we need to, we need to, in terms of the supplemental, we need to deal with the israeli portion. but that also contains a significant portion having to do with humanitarian assistance in the palestinian area, i think is the word. stuart: look, will, i don't want to be accuse toed of piling on -- accused of piling on, but every day we bring to our viewers the latest stumble, glitch or cognitive decline. i don't want to be piling if on. i think it's a public service that we show this kind of thing. what say you? >> yeah, i agree. yeah. it's not piling on. i mean, you -- this is a news program. and you accurately, the goal is to daily accurately describe reality.

this is the reality. this is the president of the united states. now, let's move to a different section of the electorate, stuart, and this is the swingable, what is is left of that in america, swingable independent voter between joe biden and donald trump. it comes down to this, we know that there's not much left, i don't think, there's not much left for donald trump in terms of people that that don't have opinions is and can go one way or another. pretty crystallized when it comes to the trump. biden's frailty is the only thing, i think, that can move people like this. because it's obvious to them. to your point. this is bad news. and so will that swing people, the swingable person, over to trump. stuart: good questions, will. thanks very much for being on the show so consistently intelligence commentary. good stuff, will cain. >> thank you. stuart: big smile. [laughter] i just want to add this, president biden has acknowledged that he's on his way to walter reed hospital, i believe, just acknowledged this. he's on his way for his until

physical, so we just bring that to you. democrat strategist james carville sounding the alarm of uncommitted votes in the michigan primary. what is he saying? lauren: he's worried, and he thinks president biden is worried too. watch here. finish. >> there is this push to have people in the state fill in uncommitted as a protest the vote. it's very hard to measure when to be super concerned about it, when it's a red flag. in 2012 there were 20,000 who wrote in uncommitted for obama. what is the bar where you're going to think, oh, my gosh, this is a huge problem. >> well, already no matter what happens i know it's a huge problem, and uncommitted will do fairly well. you and i know this is a problem in the party. -- >> yeah. >> and i think the president knows that, really knows that, is being told that. lauren: one of the groups that is organizing this uncommitted vote listened to michigan, they're organized in minnesota, but also washington state. it's not just arab-americans,

it's young people think of all the protests on college campuses. think ann arbor in michigan where you have a lot of uncommitted votes. they're aligning against joe biden. so what the white house and the campaign needs to consider now is can they be persuaded back to joe biden? do they vote third party or not vote at all? stuart: it's the great unknown at the moment. lauren: yeah. could they get them to vote for donald trump? my opinion, no. stuart: probably not. i don't see that. lauren, thank you. let's get to the market. i see a little bit of red for the dow industrials. we're down 120 at the moment, down 100 on the nasdaq. ty gabor is with me. i don't know --ty georgia gabor with is me. i want your commentary on bitcoin hitting $61,000 a coin as of right now. >> i really don't think this should come as a surprise to investors due to the fact that we are in a risk-on environment. there's a lot of speculators jumping into this market. and just like 1999, 2021, i

think bitcoin will continue and crypto as an asset class to probably be the top performer continuing between now and the election are. and and then postif election, you know, all bets are off. but i would expect the trend to continue for the highest risk asset class in this type of environment. stuart: do you put your subscribers, do you put them into any kind of crypto? >> we do not. our clients are mainly retired, and crypto's a little bit too aggressive for them. we can accomplish if hit their goals using other asset classes that don't have the volatility that bitcoin has. as you know, it can move 10-15% up or down on any if given day. stuart: yes, it can. we get inflation numbers tomorrow. do you think it'll show inflation rising, and if so, what does that mean for the stock market? >> i do think it's going to rise. and that's the biggest risk to the market, in my opinion, is to see inflation accelerate. near term i don't think it does anything to the market. this market has too much strength the right now, too much money flows to disturb anything.

but look, when you look at a housing, housing's a third of cpi. and housing is not coming down right now. and that's going to be a problem for the fed and interest rates. ing so i think the fed is going to probably maybe cut two times at most this year, and if rates -- if it continues to accelerate, we may not get any cuts. stuart: that doesn't sound very bullish to me, eddie. sounds like a pretty flat market to a down market for the rest of the year. is that your outlook? >> it's the not. i think the trouble on the inflation side will be towards the last arer part of the year -- latter part of the year. there'll be some reports where it looks like it's moderating and ores where it looks like it's going up. housing and energy are two big components, and wee see what -- we see what oil prices are doing. i think the next 6-7 months will be strong for the markets. but, look, the biggest key to a market like this is you want to make what you can while we're in a double -- in a bible, and this is irrational finish -- in a

bubble. have the mechanisms in place to derisk when things like inflation all righting becoming a problem starts to hit the capital markets. stuart: okay. i'm going to check that inflation rate and check my portfolio to boot. thanks very much, eddie. see you again real soon. the mayor of new york, eric adams, changing security at ran a call thes island migrant shelter. yep, there was another fight. roll it. >> we're macing metal detectors -- placing metal detectors there. there's a privilege to be in this country. and it's unacceptable to disrespect our uniformed personnel. stuart: adam says he wants to change the city's sanctuary status. how long will that take? hunter biden's closed door deposition starts in under an hour. house oversight committee member russell fry is here with a preview is. he's going to be asking questions. ♪ ♪ stand up and show them you are.

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stuart: congressman russell fry -- russell fry joins me now. congressman, you're going to be the asking hunter biden questions today. you're on the committee asking the questions, okay. what exactly do you want to find out? >> well, we want to find out the structure of these llcs. look, 20 llcs, many of which were formed while joe biden was vice president. we know $24 million plus has been used to funnel if money from china, uzbekistan, ukraine and others. we want to find out what services were provided, what

expectations were there. and we want to find out at the end of the day what was the president's or vice president's to involvement in these companies? if we know based on witness testimony right now that joe biden was the brand, that they sold access to him. so finding out the structure, i think, is really important in what the house is doing with beth our impeachment inquiry and our legislative purpose. stuart: what your -- you're really trying to do is tie all this money, $20 million i think it is, china, are rouse russia, ukraine, tie that directly to the president of the united states. so far you've not done that, but that's what you want too,eding correct? -- do, correct? >> i think we have done that in a lot of ways. we know if, for instance, that joe biden met with a russian oligarch at café milano, and then a day later $5 million or so was wired to hunter biden's account. we know that e joe biden received money from cefc through various layers, a $40,000 check

was deposited in his account with thousands of pages of bank records. we have tons of witness testimony. but really, you know, this is a really important step in our inquiry interviewing the president's son who is very much in the center of all this activity. stuart: he's going to have his lawyers all over the place. how do you think he's going to react? >> well, i think it'll be with interesting to see whether he pleads the fifth on a lot of the questions that we pose or whether he answer as them truthfully. look, he's going to be under oath today, we expect him to tell the truth, so we will see. i expect it's going the to be a long day. stuart: a lot of our viewers will be more interested in the tapes or transcripts of president biden or vice president biden's interviews with robert hur. because that would say one way or the other whether the president is in mental and cognitive decline. i understand you're trying to get those tapes, trying to get those transcripts. are you going to get 'em? if. >> well, we think so and here's why. a lot of times when you ask for information if there's an ongoing investigation, that's

usually a way that agencies kind of block congressional oversight. here the investigation is over. i mean, u.s. attorney hur said it himself that he wasn't going to level charges. and so it should be, in my mind, pretty easy, cut and dry to get a lot of these transcripts. now, they might have to recontact classified information if that was ever brought up -- redact -- but at the end of the day, what we want, is and i think the american people expect a level of transparency here. what was really said behind those closed doors with president biden? if. stuart: are you unhappy with robert hur because he did not president then-vice president biens -- bind on the grounds that his cognitive ability -- no jury would convict him with a cognitive disable like that? -- disability like that? are you unhappy with hur? >> you look at the double standard of justice, we have a president whose home was raided, and we have a vice president who had no ability to hold these records at all was not charged.

so i think that is another aspect if that is deeply concerning to me. why were these charges not leveled, and why is there not consistency here when it comes to the application of the law and justice? stuart: indeed. congressman russell fry, thanks, sir. see you again soon. new york's attorney general, that would be letitia james is, appeared to be taunting donald trump. what exactly was she doing? lauren: she's using her new york a.g. x account do -- to write lots of numbers. check this out, as in $114,000 right there. that's the interest payments that are racking up each day that donald trump does not pay the financial fraud fine. stuart: she's the attorney general, and she's putting that out on x? lauren: repeatedly. stuart: that's taunting. lauren: yeah. when the interest kicks in, that number on the right, $468.8 million, that's his tab. and she, you know, is eyeing one particular building that is across from where she sits in her downtown office. 40 wall street.

she looks at it every day. that's a trump building. she has said she will seize his assets if he doesn't pay. so we might see pictures of 40 wall. stuart: i do not believe that's the way -- lauren: unprofessional. stuart: totally unprofessional. lauren: it is a feather in her cap and a huge win for her. stuart: really? lauren: of course. stuart: it's a win for trump because he's obviously the victim of a political persecution in court. lauren: i see your point. fourth stuart you know what i mean? his support goes up the more nonsense like this. lauren: she told an a a bc reporter that if you want the job done right, give it to a woman. and she thinks she is the -- this is the biggest victory ever even to as, to your point, he seizes it at the ballot box. stuart: thank you very much, lauren. check futures, please. what day is it? wednesday. i've got some red on the screen, down 130 on the dow, down 90 on the nasdaq. the opening bell is next.

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stuart: all right. three minutes to go to open the market. dow down 150, nass damage down 98 points concern nasdaq. angelo z everything no with me many -- this morning. you've got a target price of $840 on nvidia with. that's a modest price, so is i take it you think the runup in nvidia is just about over? >> not. i mean, i say quite the contrary. we do still have a buy recommendation on the stock. this is a name that just absolutely has had a phenomenal run. the gains are almost too hard to keep up with. when you kind of look at what the stock has done from the if october lows of, you know, north of 90, that says a lot. so it actually would probably be healthy to see some sort of digestion in terms of those gains. but that said, no, we think the story remains very much intact. when you look at the growth drivers ahead of them whether it be their addressable market expansion, whether it be kind of some of the new product launches that are coming out at higher price points later this year, that software momentum which is

still in the very early enings, mid 70s -- innings, mid if 70s growth mar skin which we think is sustainable, there's a lott to like here. i think a big part of the that's maybe not getting enough attention is kind of the china play out there. historically, about 20-25% of their business -- now only about 5-6 of their revenue. so it's definitely kind of derisked some of that china uncertainty out there. and we think that's actually a good thing out there. along with some of the growth opportunities we've kind of highlighted out there. stuart: okay. you also follow advanced micro devices, closely related to nvidia and a.i. your target price is $200 a share. right now it's at 175. again, i take it that you think the surge is just about -- has just about run its course? >> no. i mean, again,s this is one of those situations where, i mean, we'd love to see a little bit of digestion here to kind of get, you know, some of those other

buyers, or you know, kind of getting into the stock here. as long as, you know, as far as the long-term thesis is concerned, again, it remains very much intact here. the only thing you really need to worry about as far as the amd story here in 2024 and 2025 is what that kind of a.i. potential revenue as far as their gpu business is going to amount to. a couple of months ago the expectation was about 2 billion for 2024, now it's gown to -- grown to 3.5 billion. if that rises closer to 6-8 billion by tend of this year, that will drive higher momentum in gains for amd's stock price. stuart: okay, we've got it, angelo. the runup in invid somewhere ant quite over. angelo zino to. thanks very much. the opening bell is ringing, off we go. we are expecting some red ink right there at the opening bell. i'm not sure there's a specific reason this morning although i do notice that the treasury yields are going up.

maybe that's becoming important all over again. but best got a downside -- we've got a downside move, you're off almost a half percentage point on the dow industrials and i see all of about 9 gain requesters, 21 losers on the -- gainers, 21 his losers. and the nasdaq composite, that is down this morning. a a -- loss of .3%. -- .39. show me big tech. we always do it this time of day. all of them on the south korean. we've got microsoft and apple up, meta, am sorntion alphabet down. here's the story on apple, big deal. they spent billions on an electric car project, but now, lauren are, it is kaput, dead, right? if. lauren: so says bloomberg. ten years, nixed the project. all that time, all that money trying to build this electric, autonomous iphone on wheels. 2,000 workers are affected, some

will shift to generative a.i. division. what went wrong? if why couldn't apple do this? stuart: do you know? lauren: the car would have been expensive, reportedly, $100,000 if not higher with no profit margin. i think the idea of a car without a steering wheel, without ped ales is scary still to a lot of people. and was the breaking point the fact thatters vs have lost their popularity? you're ten years into something and you can't show a product that you think you can sell -- stuart: right. out you go. lauren: 2,000 workers: stuart: it's a big deal, but they did it, and the stock is up just a tiny fraction. not necessarily due to the apple car. all right. the software firm micro strategy, we reported this, they bought 150 million worth of bitcoin this week -- lauren: yeah, just yesterday. stuart: -- and it's really paid off, hasn't it? 61 grand this morning. lauren: this stock is on fire. it gained over 26% in just the

past two days. it is up this month, sorry, 81%. 81% this month. so micro strategy owns about 200,000 bitcoin, $11 billion worth. so some is investors actually own this stock as an alternative to owning the actual coin. stuart: i can see that. lauren: i was thinking of the td commentary, they're saying bitcoin is opportunistic over a risk, it's a way to accelerate shareholder value is, and owning microstrategy is one way to do that. stuart: interesting. i presume with bitcoin at $61,000 or 60,100, bitcoin-related stocks, they must be doing well. lauren: oh, this is fomo. everybody wants a slice of the action right now. from the people i speak to, i'm getting three common reasons. a lot of people think the fed cuts interest rates this year with. so these investors are chasing yields. they think they'll get it in bitcoin and ether and the other

cryptos, and and they're really looking at this april halving event when you really take out a lot of the supply. it happened the last time, in to 2020, and bitcoin that year rose 305%. that's attractive. the etfs, that's a way to get a lot of fresh money in. on monday and tuesday of this week, 110 million shares changed hands in the if the three biggest spot bitcoin etfs, gray scale, fidelity and blackrock. 100 million. that compares with 200 million shares in the most valuable companies in the world. like apple, microsoft and nvidia. stuart: i liked your whispering delivery there. it reminds me of joe biden. lauren: oh, no. stuart: no joke. okay, let's move on to tj maxx. parent company of marshall's and a store called home goods -- lauren: which you've never been in. has anyone never been in a home goods? stuart: me. lauren: this was the holiday quarter.

same-store sales at tjx up 5%, really strong at home goods, up 7%. why is the stock down a little bit? well, as customers shopped for deals over the holidays, the company is kind of guidance for all of 2024 let's call it underwhelming, and that's the reaction. basically nothing in the stock market. stuart: how about baidu, china's google? lauren: they have a chat bot, it is called ernie, 4,000 merchants are using it across industries. their a.i. contributions, their a.i. investments, they say it's going to be mooningful, but it isn't yet -- meaningful. so the stock is down almost 5% because if their profits were halved in the quarter because of this a.i. investment. the cost of artificial intelligence. stuart: show me beyond meat, please. lauren: yes. stuart: i believe it's way up there, a spike of 46% in the stock. i don't get it. [laughter] demand for that stuff's down. lauren lauren yeah, bigtime. this is the company in survival mode, and management came out and basically said that. they said we've got to do everything we can, we've got to

steeply cut costs this year, we have to raise prices. do they have pricing power? do you think that they can raise the price for their plant-based meat, chicken and customers are going to say, okay? not sure. i will tell you one thing, this is a highly shorted stock. stuart: yeah, it's a short squeeze. lauren: more than 36% of outstanding shares. stuart: got it. move being on, i see the dow down 200 points, by the way. what else have we got? bumble. they are the dating people, or and they're down 5%. lauren: oh, boy. they're cutting 30 of their workers. that's 350 people. typically, you would see the stock price go up when you're cutting costs, but the issue is bigger than bumble. online dating is in a slump, right? it seems that gen-z and women want different things these days. what? stuart: i'm just trying -- lauren: do tell. well, you know, the traditional milestones aren't necessarily what people are going for. they're looking for a real connection, and this idea of slow dating is popular, or so i

am told. stuart: what is slow dating? lauren: just make sure you're compatible -- stuart: online? lauren: there's no biological clock. online. and if a lot of the dating apps are known as hook-up sites. so people feel they can't get meaningful relationships through those apps. you're getting me in trouble here. [laughter] stuart: not me. lauren: facebook dating is actually very popular, and it's free. so it's not just bumble, but match and tinder. what do we do, how do we stay relevant to a generation that might want different things? stuart: i'm changing the subject. lauren: why? stuart: the dow is down 200 points as we speak. that is over half a percentage point. 38,7, is your level. are there any dow winners? if yes, there are. amgen, caterpillar, verizon and home depot. s&p 500 headed by ebay, first solar,rage atlanta, nrg energy. money of them big names. nasdaq composite, same story.

constellation energy. tesla's on the list, back above $200 a share. ross stores and meta platforms is on that list. getting close to $500 a share on that. how about that? coming up, take a look at this op-ed. biden and democrats will do anything to stay in the white house. liz peek wrote it, and he's here to tell us the three tracks -- she's here to tell us the three tracks they plan to use to keep the executive branch. trump defeeted -- defeated haley in michigan moving closer to a general election rematch against biden, but haley says she's sticking around through super tuesday. what is her goal here? >> the mayor of eric adams doubled down on calls to change the city's sanctuary status. how long before he can actually do the job is and deport criminals? new york city council minority leader joe borelli on that next. ♪

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♪ stuart: where's the money going? a new report from the new york city comptroller accuses the major of -- mayor of wasting millions on the migrant crisis. madison alworth, how exactly was the money wasted? >> reporter: stu, the report found that because the city entered into emergency no-bid contracts, millions were wasted. so the comptroller of new york, who's essentially the cfo, he found because they entered into these no-bid accounts, we lost millions. take the roosevelt hoe hotel as an example. because they didn't use city employees, over the course of one year the city spent $50 million more than they needed

to. $50million on one hotel. finish keep in mind we have over 210 shelters just for migrants right now in new york city. in response to the report, city hall had this to say to fox business saying in part, quote: as these contracts have ended, we've taken security services out of the bundle, and as we shift our focus from day-to-day crisis operation to long-term planning for future needs, we are committed to maintain thing these cost-saving measureses. we will review the full report and address any issues that need to be rectified. now, this report from the comptroller looked at four emergency asylum-seeker-related contracts, three of which were granted in those no-bid deals. even with the scrutiny of this report, the city continues to engage in no-bid deals. the latest? the new debit card program that will hand preloaded cards to migrants. the contract is for $53 million and has been given to mobility capital finance. again, in a no-bid deal. adams sticking by that decision.

>> we are required to feed people who are in our care. what i -- when i spoke with the team, e e -- i said how do we do it cheaper, how do we minimize food waste and bring down the cost. that's what we did. >> reporter: now, adams says this debit card program is going to save the city $7.2 million. how'd he get that number? that's the amount of money that is spent on wasted food, food that's supposed to be going to migrants that's thrown out because it's inedible, the migrants don't like it or it's mismanaged. who's handling that that $7.2 million of wasted food, many of the contractors listed in this report. [laughter] stu? stuart: classic. that is absolutely classic. madison alworth, thank you very much is, indeed. the mayor of new york doubling down on his call to change the city's sanctuary status. joe borelli is with me. how long will it take before i.c.e. can deport criminals from

new york city? because at the moment they can't. >> well, the question really is whether it ever will happen. these are laws passed with by the city council in 2011, 2014, 2017 and 2019. so there are a number of local laws on the books which the mayor is unfortunately now obligated to follow which will prevent any cooperation not just with the nyp if d, but also our department of corrections. a lot of the folks that were deported or detainers were inspectedded in the past were people housed on riker's island who were criminals, and they were able to be given to i.c.e. right there on site. the problem is it's a welcome change that the mayor wants to do this, but unless the public really pushes the city council the amend these laws if not outright repeal them, then i think the mayor is going if to be up the creek without a paddle. stuart: but that's highly unlikely, isn't it? the new york city council is jam packed full of progressives. >> yeah. i mean, the new york city council makes mayor adams look like ronald reagan in how far left they are.

so it's going to be very unlikely that you'll get a majority of the members to support this. the problem is the bulk of new yorkers probably agree with mayor adams. even if you are part of this progressive city and it's wonderful and you're liberal and you think we should be a sanctuary city, fine, but the bulk of new yorkers do agree with him that if you start committing violet crimes or repeated crimes, you don't deserve to be availed of our justice system. you don't deserve the benefits, or frankly, of our justice system where we now is are to pay for your defense attorney, we have to house you, try you, we have to do all that. in the past you were given an i.c.e. detainer, it was respected, and you were on your way the an immigration court where you more than likely would have been deported. stuart: but we still offer food and shelter, a lot of other things, to anybody who needs them many if new york city. in new york city. that is the law, new york city must cover those people in that way. that's not changed, and there's no proposal to change that, is there? >> no. and you just heard about the

comptroller's report saying the mayor is wasting $50 million. this is the city comptroller who believes we should be spending $2-3 billion with a b on giving more service to these people, not less. so the city really has a backwards approach. it's been a backwards approach since mayor adams welcomed the first migrant off the bus and said we're going to be a sanctuary citying we're going to pay for this. this went from a few million dollars which can you wouldn't even notice to a $2-3 billion allocation every year. and now we are backed into bad laws both at our state level and at our city level that basically insure that we have to pay for them. the mayor is factually right, by the way, if we just give people cards, it might be insulting, but it's cheaper. stuart: nothing changes, and it gets worse and worse. and for those of us who live in the city, that's not good. joe borelli, appreciate it,er is. more than 70 migrants were discovered living in a cramped basement, 70 in a basement in queens.

tell me more. lauren: what is your reaction to this video, to that headline? that's the story. this is relatable to any new yorker. the bomb line is the migrant -- bottom line is the migrant with problem has outgrown our shelter system. 74 migrants living in this base only after a furniture store in queen. the owner of the store who rents the building charged them -- 300 a month. they took turns sleeping. he felt bad for them. he wanted to help them out because many of them were in the shelter system. they're men, single men, and they're kicked out after 30 days. here's mayor adams. >> we're still looking at exactly what took place, it started with a 311 complaint, and the city responded accordingly. we're going to do our job is -- to investigate them, give them the appropriate shelter system. lauren: what's appropriate? what is the appropriate shelter system? how do you -- how does any city handle all of these migrants coming in needing resources? stewart stouter it occurs to me

that the guy is doing well. $300 a month each including food for 70 people? that's a good business. thank you, lauren. coming up, president biden will issue a new executive order to protect our data from china and other hostile countries. we'll have a report on that next. ♪ ♪ jorge has always put the ones he loves first. but when it comes to caring for his teeth he's let his own maintenance take a back seat. well maybe it's time to shift gears on that. because aspen dental has the latest technology and equipment. with a staff that goes out of their way to provide exceptional care. plus free exams and x-rays for new patients without insurance and 20% off treatment plans.

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stuart: all right, it is starting. we're going to show you hunter biden walking into and arriving on capitol hill for a closed door deposition. this is for the president's impeachment inquiry. we'll monitor any news that comes out of out. he has arrived. we missed him, but we'll catch him later. president biden issue ising an executive order to protect america america's data from being exploited by china and russia. edward lawrence at the white house. what exactly does it do, edward? >> reporter: it will protect the most sensitive data from americans from being sold to countries of concern. now, the justice department's laying out rules for companies as well as those data clearinghouses on how and what to do with that data. here's a senior administration official. listen. >> president biden will sign an executive order to protect americans' seventive personal

data -- sensitive personal data. the executive order authorizes the attorney general to prevent the large scale transfer of americans' personal data to countries of concern and provide safeguards around other activities that can give those countries access to sense delaware data. >> reporter: so the protected data includes yes mom ific data, biometric data, personal health data, geolocation data, financial data and certain kinds of personal identifiers. this comes as the federal review of tiktok is still ongoing. the app banned on federal devices as well as banned in government devices on 34 states. with we saw t the emu make a huge splash with super bowl commercials, now more than a dozen states have joined a class action lawsuit against the chinese-owned and based company for purposefully and intentionally loading the spyware with the app on phones that that views everything on the phone. >> we just had the super bowl. temu had a big ad on the super

bowl. they use slave labor to make their garments, make their products. they don't deny that. they say, no, we don't, but they don't make any effort or to hide the fact that they don't really care one way or the other. why -- are they on your list or getting ready to be on your list of sanctioned? >> reporter: and so far temu and tiktok, they have no sanctions against them. they're operating in the united states, a although on tiktok that reslew is happening -- are review -- review is happening at the treasury department. stuart: still ahead, former acting attorney general ma chute whitaker -- matthew whitaker and bill mcgurn. the 10:00 hour is next. ♪

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