>> when you're in a bubble, you don't see $6 trillion of cash sitting on the sideline, you have all the money in. and the money's not in yet. >> one of the basic, fundamental questions that still hasn't been asked and answered is, why is it that joe biden's grandkids got $100,000, you know? where did that come from and why? i mean, that's a basic question, right? >> we have to shame this administration into their their job. ifed biden's unwilling to do his job, i'll step up and do it soon

as will the private citizens who actually define american exceptional aism. >> the reality is with donald trump we had lower taxes and the economy was growing, and working class people and is people of color were making genuine progress. >> the whole approach that the democrats have had to this is to try to get everything into a circus, treat the it unseriously. to not push back against any of the serious claims. ♪ ♪ ashley: look at that. between the buildings we see central park. how about that? and a little bit of david bowie. thank you very much, producers, the late, great david bowie. it is 11:00 a.m. on the east coast on this thursday, or march 21st. i'm ashley webster in for stu varney today. it's all up,ping up and away with, the dow up 330 points, up nearly 1%. the nasdaq up over 100 points and the s&p also a up more than

1%. let's take a look at the big tech names. most are moving higher. there have been some exceptions, apple being one of them. but alphabet/google down three-quarters of a percent. there is apple, potentially nation an antitrust lawsuit from the department of justice. that stock down 3.3%. and also let's take a look at the 10-year treasury yield. there has been -- it's up slightly in the morning session, it's the up 1.5 basis points at 4.29. all right, now this. donald trump may have to sell assets in order to pay his $454 million fraud judgment. that, by the way with, has the hosts of "the view" cracking up. watch this. >> as it turns out, you know wh- [laughter] says he cannot come up with the cash -- [laughter] to cover his $400 million plus bond in his new york fraud case.

[laughter] so is letitia james going to -- >> you need a tissue in. >> i can't wait to see the chains on trump tower, actually, on fifth avenue. [applause] ashley: yeah. you know, isn't it so lovely to watch these people so smug? perfect if time to bring in clay travis. look, is this what we've come to, clay, being excited about punishing this form or president who they absolutely loathe? >> yeah, i think it's a disastrous decision. i know a lot of business people regardless of whether they're democrats, republicans or independents think that this is a very poor example to be setting. it's why i'm glad i don't have assets in new york or any other blue city or blue state. [laughter] i live in tennessee. and really, i mean, i think the key is if they can do this to trump which is entirely related to politics, they never would have touched it, the banks said

they didn't lose any money, there was no actual victim here, they can do this to might be. and i think a lot of people with business assets and new york -- and you guys well know, the number of people from around the world who stash their assets in new york because they trust property value, because they trust the court systems to insure that there is no taking by the government of something that should be a legitimate property of someone else, i just think this is an awful precedent. politically, i actually think if trump allows one of his assets to be seized, i actually think it plays well for him because i think it just ties in even more to his chief argument that he's making a part of 2024, which is all of the people in power are a arrayed against him, and he stands the against them, and this is just further evidence of that. ashley: yeah. every time something like that happens, clay, his support solidifies. we know his base will, but or you know, it kind of speaks to his narrative of the deep state and they're just out to get him. >> no doubt. i mean, i think, again, it plays indirectly with the most charged

narrative that he has to share which is that the everybody out there is a arrayed against him in positions of prominence and power from the president of the united states right now, joe biden, all the way through to letitia james, alvin bragg. frankly, i think that e jean carroll changeing the statute of limitations to allow that lawsuit in the first place, everything that he's facing in new york but also in south florida, in d.c. and also in atlanta is directly related to his politics. if he had never come down that goldennen staircase in 2015, he'd be billions of dollars richer. i think there's a strong argument trump's the only president we've ever had who's lost money from talking the office. ashley: that's actually probably pretty true. i want the get to this one though, clay. i find it incredible. washington state is now the second state that does not require you to pass the bar exam in order to become a lawyer. oregon was the first state to implement that rule. law school graduates, apparently, can choose to complete experience-based alternatives like an apprenticeship. now, i'm told you're a lawyer.

what do you think about that? >> yes. the bar exam is, is the bane of many difference lawyers out there. i passed and took two bar exams in back to back years. i think everybody should have to pass the bar exam because i think at a bare. minimum what you're with asking is for a level of intelligence to be able to be representing you. that's what the entire test on some level is, legal acumen in general requires a baseline ability both of knowledge and intelligence. and, look, if you want to talk about shortening law school from three years to two yearses or allowing different pathways for study for people to be able to take and pass the bar exam, i don't think that's a bad idea. i think maybe the 3-year concept of law school feels a bit antiquated these days. but i think, ultimately, you should have to pass the bar exam in order to be a lawyer. i think that is the bare minimum of skill. i don't like lowering standards

to try to increase number of lawyers. is there anybody out there -- ashley: exactly. >> -- who thinks we have too few lawyers in america right now? [laughter] i would -- i think most people would say, hey, if there were half the number of lawyers, america would be twice as good. [laughter] ashley: you sound like stu varney, but we won't go town that road. clay travis, thank you. >> thank, y'all. ashley: yes, thank you. let's get back to reddit. expected to start trading today on the new york stock exchange. it is the first major social media offering since 2019. it's, what, five years. the prices are what right now, lauren? lauren: knowing -- ashley: it was at 34 earlier. lauren yeah. we don't have an indication right now. obviously, the stock hasn't opened at the stock exchange yet. the valuation is $6.5 billion down from the if covid and tech boom when it was $10 billion. their core business is advertising, but they are popular for their online chat forum, and that is being used to

train artificial intelligence, large language models. so just to give you an idea of what we can expect by comparing reddit to some of their a competitors like pinterest, pinterest went public in 2019, and the stock is up 79 since that -- 79% since that day buy. they also compete with meta. facebook went out in 2012, and the stock is up 1,215%. i'm getting news right now, reddit is indicated to open between $42-46 a share. so that would be a considerable upside to where it's priced at. yesterday we heard from another unicorn in the a.i. space. they priced at $36, they closed at $52, and they're trading above 70 as i speak. so far with this larger market rally, it's looking good for the few companies this year that are willing to test the public waters. ashley: wow. that's right. there hasn't been many ipos. originally it was 31-34,.

good time to bring in our good friend lou basenese. lou, all right, so how do you think red reddit hold up against the other social media stocks? a lot of hoopla today, but how does it do, do you think? >> i think the it might be interesting for a trade today. long term i think they're really going to struggle for a lot of reasons. the company's been around for 19 years, they've never made a profit. in social media it's all about the size of the network, and reddit is really stuck at about 30 million users in the u.s., 73 million overall. it's comparable to pinterest are. pinterest had about a 30% ipo day pop which is what it looks like we're going to have for reddit. inteasingly enough, met -- meta, the 800-pound gorilla, only rose 1% on their ip if o day and went on to a huge rally. i think red fit's going to struggle. they just filed, updated tear s1 to say they got a notice from nokia to say they may be infringe on their pat tents. it's what's hindered snap from

ever catching up to meta. ashley: interesting. while i have you here, lou, i want to talk about the broader markets. i mean, if stocks got a green light right now to run higher based on what we heard from the fed yesterday? >> absolutely. powell kept hopes alive that there's the going to be rate cuts this year. investor wanted upwards of 5-6 originally when we turned the calendar on 2024, looks like we may get 2-3. i think maybe we get 1, but just the stance that the fed's accommodative, they're waiting for a reason to start hoe oring rates is a reason for the stock market to rally. the economy's still very strong, no signs of a recession, so it's green light ahead. ashley: terrific. all right, lou, thank you very much. stay there. now let's bring back in lauren. we're taking a look at a apple that's been moving lower because of the threat of a lawsuit, right? land. lauren: and now it's come. the stock is down almost 4%. apple responding to that doj antitrust lawsuit. they say it's wrong on facts and the law, and and they're going

to defend against it. web bush says they do not expect apple's business model to change for now, but they do expect a hefty fine. and, ultimately, apple might be forced to find a compromise with the app store developers because it seems that this is an aggressive doj. they keep their price target at 250. take a look at warper brother withs-discovery. max, formerly known as hbo. they're set to start streaming in europe may 21 1st. they also got an upgrade from rosenblatt to neutral, setting the price target at 10. they think warner brothers could benefit from a potential paramount break-up. the stock is flat at the moment. love this story, ashley. wendy's is partnering with doordash for drone can delivery in virginia. it's called air flight. it can even carry a frosty or chili going 65 miles per hour. how cool is that? straight to your front lawn.

ashley: it could be rain aring frosties. that's always a good thing. [laughter] wouldn't that be something? all right, lauren, thank you very much. interesting stuff. all right, coming up, gen-z apparently feels that one specific specific emoji is passive-aggressive. we're going to tell you which one you might want to avoid. get a life. the crypto industry could face new regulations from congress. some lawmakers say it's increasingly likely that new laws could be passed before the election. is sean duffy in favor of that? well, we're going to ask him. we're going to find out. and my next guest says he feels hike a fool for legally getting his green card. he says he should have just walked over the border and gotten more free stuff. he'll make his case next. ♪ ♪ i have type 2 diabetes, but i manage it well ♪ ♪ jardiance! ♪ ♪ it's a little pill with a big story to tell ♪ ♪ i take once-daily jardiance ♪ ♪ at each day's start! ♪

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♪ ashley: now to the crisis on the southern border, a furious sheriff is accusing the president of abandoning texas. all right, lauren, what's he saying? lauren: sheriff thaddeus cleveland. bill hemmer on fox asked him, well, you know, texas' move to arrest and deport illegals, that could lead to racial profiling of mexicans. this is how how the sheriff responded to that. >> your viewers need to know that the u.s./mexico border is no longer the u.s./mention we coe border, it's u.s./world border. people from all over the world are exploiting the border here to make entry into the united states illegally. first and foremost, that chaoses and confusion was created by this administration. look, back in fiscal year '20 we ended that year with 400,000 illegal alien apprehensions. after the biden administration

came over, that's when we saudis mantling -- can saudis mantling of the border in about six months. lauren: it's not just mexicans, it's whole entire world, and president biden laid out the welcome mat for them in greg abbott's backyard. that sheriff, thaddeus cleeland, will be on the show tomorrow, ashley. ashley: very good. and he's absolutely right, lauren. thank you. good time to bring in thomas corbett dillon. thomas, you legally immigrated to america, well done, during the can covid pandemic. you have a green card. how does it make you feel seeing people come through the borders illegally, just kind of en masse like that? >> well, it's crazy. and also, of course, ooh i'm sitting here thinking would i have been in a better with f i'd have just swum across the river? i'd get credit cards and hotel rooms and all these gifts all these cities seem to be giving away. it is kind of crazy, and president it really becomes a question of, why? why is it so wide open? it is not just mexicans that are coming across, it is the whole

world. and if it also ties into why we are seeing the people that are coming across from -- mexico saying they won't take them back, it tells you exactly what sort of people are coming across, people mexicans do not want back in their borders. ashley: exactly right. i'm going to move on to another subject for you. you say that leaders in europe sound supportive of donald trump when they want to get elected, but then they turn on their people and, lo and behold, they become globalists. you work as an adviser to boris johnson, thomas. make your case. >> we've seen a great example recently are, of course, prime minister meloney in italy. she billed herself as a big nationalist. she was very aggressive. she, you know, came out and said she was basically going to be the italian trump, the borders were going to be closed on day one and, of course, nothing has changed. the border is wide open in italy. she's out there, you know,ing swanning around going to davos, and then she's going over and, of course, visiting biden and, you know, sucking up to biden

and the administration, basically agreeing with everything they're doing. i don't really understand how you can pitch yourself as a european trump, but then on the other hand go running back to biden. i think if, hopefully, trump gets elected in november, you're going to see all of these leaders quickly spinning around and saying, oh, i never liked biden, i was always on your team. we'll see what happens. [laughter] ashley: you know what? it's hard to be cynical, but you're absolutely right, thomas. that's exactly what happens. i want to talk to you about tiktok and the threat it poses. it could be months before the senate actually takes up the tiktok bill, but if this is such a national security threat, why is it taking so long to get, you know, to actually deal with it? >> yeah. well, i know we're seeing tiktok spending millions of dollars hobbying in washington, d.c -- lobbying in washington d.c. of course, they famously put out a push notification to all of their users which are seen congressmen's office as being called by 11-year-olds every day. so everyone is a bit surprised

by their level of power. but i think it just reminded a lot of people that, actually, they have a huge amount of sway. and when the youth are being told that congress want to ban tiktok, they're already turning against these congressmen. so we're seeing a lot of people pushing back. but you're right, it seems hike it's going to take a long time for it to get into the senate. of course, the house just passed this. so we don't know, i don't know why they're going to take so long. i'm sure there's a lot of it involved with seeing, there's a lot of threats behind the scenes going on. but i just don't know in theory how it's going to work. you know, what we could be looking at is something that in the future could be used by the biden administration to ban web sites such as twitter or x that they also don't agree with. so there's a lot of questions around the bill. ashley: yeah. and i have a feeling it's not going to come before the election, to your point, to those young of voting age, they don't want to piss them off, do

they? >> no, exactly. they're a big market for the biden administration at the moment. they adopt want to be doing anything that up-- don't want to be doing anything that upsets the youth. ashley: very good. think i used a bad word. it just kind of fell out. [laughter] thomas, thank you so much for your point of view. great stuff, thank you very much. all right, now this, there is a new warning that a potential tiktok ban, which we've been talking about, or forced sale could have some global consequences. what? get into this, lauren. what are we talking about? if economic problems? lauren: well, think about it. some of the most download ared apps in the u.s. are are owned by foreign companies, temu, shein, tiktok, obviously. so if tiktok is forced to sell, that could set precedents pushing other companies and their a apps to sell and pushing u.s. companies to sell if they operate overseas. it's an economic story because revenue is on the line. a lot of these apps want exposure to the u.s. because, let's face it, americans spend the most money buying their stuff. and if you look at tiktok specifically are, ashley, they

make $16 billion in revenue in the united states last year alone. so, yes, it's an economic story. money clearly on the line, and precedent could spark backlash. ashley: yeah, it could. that's a lot of stuff. come into who this, lou. [laughter] do you really think a tiktok ban or forced sale would disrupt the app economy? >> no, not at all. i don't think you're going to see a tiktok ban at all. there's too many economics and policy involved. forget protecting national security, that's just the way our world is working right now. the app economy, most foreign companies, 26 of the top 100 apps downloaded in the u.s. are owned by foreign companies x. there's a a key reason here. the only metric that matters is average revenue per user in the united states. it's the highest for meta in the united states, the highest for reddit. we're the key market, and unfortunately what we're seeing with the attack on apple today about a success, apparently we don't want to have too much

success for these company, but they're still coming here for that. ashley: very good point. lou, thank you very much. coming up, congressional budget office says public debt's going to hit a new record high before the end of the decade. we'll tell you how bad it could get, just listen to gary kaltbaum, he'll tell you. president biden is losing support among key voting groups, and he's consistently losing to donald trump in key swing states. weaver going to break it down for you -- we're going to break with it down for you next. ♪ ♪ with dexcom g7, the most accurate cgm,

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ashley: all right, the session has been underway for nearly two hours, we're still, well, off the highs but the dow still up close to 300 points, same story for the nasdaq. lou are, come back in here. you've got stock picks for us. let's begin with madrigal, the pharmaceutical guys, right? >> yeah. madrigal, again, do your own due diligence, but this is a stock that i brought up, about $140

per share. they're looking at a march 14th possible approval for a drug for the amendment to of non-alcoholic fatty liver disease that a impacts over 1.5 million if people. they got that approval. stock's up about $100. this is another blockbuster e in the making because this is a disease that is a asymptomatic, hard to detect until it's late stage, and this is the first drug approved to treat the disease, so could be a block bust or in the making here. ashley: all right. thanks for telling us about it. how about arm? >> yeah, arm holdings, mysed out on nvidia -- missed out on nvidia terribly, so i'm always looking for other a. i. plays or that are smart. i think it's a great way to play the a.i. boom and whatever tech boom comes next because it's all a going to be driven by semiconductors ors. arm the undeniable leader in semiconductor technology, and they have a great business model where they just license it out and collect royalties. those royalty agreements typically last anywhere from 8-15 years, so this is a great long-term pick and shovel play on the a.i. boom ask and whatever follows after it.

ashley: wow. fascinating stuff, as always, lou are. arm, by the way, up more than 3.5%. all right, now this, president biden in texas today. he's wrapping up his western cam a pane swing in houston. campaign swing in houston. peter doocy joins us now from the white house and, peter, biden may want to stay out on the campaign trail because those new polls not looking so good, right? >> reporter: and it's a little bit of each, you know? they're making a ton of money at these closed finance events, but trump is up on biden right now 3.5 points in the real clear politics average, just a battle -- just of battleground states. so the biden-harris team are deploying the vice president. >> this is a very decisive decade that we're n. what we are seeing now in terms of intentional, unapologetic attacks on the freedom to vote, the freedom to love who you love openly and with pride.

>> reporter: the rnc's counterprogramming of president biden's trip to the southwest reads like this: while joe biden pretends to care about manufacturing, he's pushing radical dei policies and crippling bidenomics plans which help the chinese communist party and hurt american workers. president donald j. trump is the only choice to propel arizona's economy into high gear and put perk first. that has president biden pointing a finger right back. finish. >> my predecessor let the future be built in china and other countries not america because it may be cheaper for those investing. folks, i promised to be the president of all americans whether you voted for me or didn't vote for me. >> reporter: and we do expect the hear a fair amount later on today about the affordable care act because it has been 14 years exactly since the now-president, joe bide, whispered in barack obama's ear famously that obamacare is a big bleeping deal. ashley? if. [laughter] ashley: has it been 14 years?

my goodness, time does fly. peter, thank you very much. great stuff, as always. let's bring in sean duffy now. sean, let's get back to that polling that peter mentioned. trump up 3.5 points in the real clear politics average of battleground states. so what a does that tell you about the state of play right now? i know there's a long way to go, but what does it tell you right now? >> first off, joe biden there was talking about being the president for all a americans, and we all know that he was talking about extreme maga republicans or he's gone off after catholics, traditional catholics, he's gone after those who have gone to school boards, he's gone after people who are pro-life, so he's not a president for all americans. and i think you're seeing this in the polling. he's bleeding blue collar workers, hispanics and blacks. and, again, if you look deeper in the numbers, some must-win states like arizona and nevada, trump's up 5, 6 points. he's up bigtime in georgia and in north carolina. the tighter states are pennsylvania, michigan and wisconsin.

that's where you get those larger numbers come down and make it about 3%. but joe biden has to have a compelling message, ashley. you've got to have a message to drive the economy forward, make people's lives better, and this radical, left-wing agenda's not going to do it. he could still switch course. he could take a new path. but he comes out with his new ev rule with the epa, and we now understand he's not going to change course at all. he is doubling down on left-wing extremism, and i don't think the american voter wants that, especially in these swing states. ashley: no, today don't. want to get to this one, sean, biden skipping a visit to a black church on his last trip to michigan last week. that's upset local leaders there and, surely, joe biden cannot afford to lose the black vote, right? >> no, he can't. the problem is when you're bleeding so many people in so many different areas, i mentioned hispanics, bleeding union workers, he has to pick and choose where he dose. and i think -- where he goes. and i think he takes advantage, the democrat party takes

advantage of the african-american vote. they think it's going to be a guaranteed set of voters that are going to turn out in november for the democrat party, and i don't think they're necessarily going to. if donald trump wins, you know, 20, 23% of the black vote, democrats can pack it up and go home because they're not going to win this election, and they're going to lose a lot of house and senate seats. so they should actually pay attention to those voters, or they're going to find a different home and maybe with donald trump and the republican party. ashley: and very quickly just to peter doocy's report, sending out kamala harris on the campaign trail -- [laughter] i don't think it's going to be much help, do you? >> as you were playing that clip, we have laughing here on set. she doesn't give anybody confidence. frankly, reminds people that if joe biden's not capable of serving a full four years, we could have kamala harris as president. nobody wants that. put her back at the white house, hide her. don't show her to the american people. ashley: i think you're right. all right, got to get to this, of course. the chair of the house financial services committee, patrick

mchenley, say -- mchenry says he's optimistic about passing a crypto bill with. do you really want to see government regulation? >> no, i think we want certainty. again, we want protections for consumers, we want to know the rules of the road. mchenry's a crypto guy himself so, you know, if they pass this bill through the committee, which is impressive, it was bipartisan, they weren't able to get it to the house floor because they had all of the issues with the speaker and removing kevin mccarthy. so mchenry thinks he has time before the house shuts down. i think it would be a welcome set of news for the crypto industry, to have more clarity around government regulation. the uncertainty we have right now that regulation is coming, is it going to be the congress or the sec, how's this going to happen, we want to put that to bed and give some certainty around the industry. and, by the way, stuart was jazzing and razzing me for a long time, ashley, about buying crypto, and he was at 22 and 16 he was giving me a hard time,

and who's laughing now at, what, 67,000 a coin? [laughter] ashley: that would be you, sean duffy. >> yes, it is. [laughter] ashley: stuart varney's going to have to be eating his crypto words. >> he can't defend himself right now, so that's why i did this. when he's not on. [laughter] ashley: sean, thank you so much for joining us. we'll be watching you, of course, on "the bottom line" with dagen and duffy. that sounds like a crime-fighting duo, doesn't it? it would be great. of course, every day, 6 p.m. eastern time. sean, thank you so much. let's get back to the crypto plays, if we can, and bring in lou basenese. lou, you know, i thought the whole point of crypto was it wasn't regulated. so government regulation, i'm sure it's coming, but would you support that? >> that's the great irony here, and sean's buying lunch because doing so well. i'll just put that out there. [laughter] the irony is you're supposed to circumvent regulation, but the

reality is you immediate some certainty and transparency in the form of regulations to give people confidence. you're seeing that happen with the etfs launched, so i think it's natch and healthy and necessary. i mean, i'm an investment banker. we have more regulations than you can imagine. everything we text, e-mail, trade, etc., is watched and monitored. there's no reason we shouldn't have that a level of scrutiny many terms of the crypto market, so i think it's healthy for a productive market even if it's antithetical to what the found principles -- ashley: yeah. i hard you. very good. all right. by the way, the crypto industry going to be a major or financial force, apparently, in the upcoming elections. lauren, do we know which candidates will benefit? lauren: well, a group is handing out a survey asking these candidates their thoughts on cryptocurrencies, and if the responses are positive, that group -- 370,000 members strong called stand with crypto alliance -- is willing to put money behind them. this is for the congressional elections this november.

cryptocurrency is popular, right? more or less, you can have different views on it. it's poppe -- popular at the retail level. it is kryptonite at the federal level. so what this group wants to do is get more lawmakers in there by using their deep pockets to convince congress that they should pass more favorable legislation. ashley: all right, there you have it. politics at work. lauren, thank you. coming up, the u.s. surgeon general is warning that social media is causing gen-z youngsters to experience mid-life crises earlier. what? sounds insane, but we'll take it on, of course. home ownership is becoming increasingly difficult under president biden. home prices, mortgages and rent have all become more expensive. brian brenberg is going to break it all down for us right after this. ♪ come on, come on, listen to the money talk ♪

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ashley: people looking to buy and sell homes are desperate for rate cuts before they even consider making a move. brian brenberg joins us now. brian, question for you, how have home sales changed since joe biden took office? >> yeah, we're doing how it started and how it's going under bidenomics: home edition. take a look at this. let's start with existing home sales. they've dropped under biden by 33%. now, that's not because people don't want to buy homes. they do. it's because people don't want to sell homes. inventory has shrunk. look what that's done to sales prices, ash. they've gone up by 26.6% on average. ashley: wow. >> now, you hear the president

talking a lot about wanting to give tax credits for mortgages. that's the reason why. he's killing affordability. look at mortgage rates. they're up 57.8%. and, remember, that's for somebody who can put down 20k for a down payment. if you don't have that kind of cash, you're going to be paying even more for that monthly mortgage. that, ashley, has pushed a lot of people into renting, but your not going to get much relief there because average rents have gone up by almost 21%. so think about a family budget. with all those higher housing costs, what do you do to make ends meet? you've got to borrow, and that's the credit card story. look at credit card interest payments and fees. they're up 48% under biden. so you put that story together, the story of can you afford housing, how do you make things work under bidenomics, it is a

tough deal right now, ashley. and that's why all the politicians on the left want to talk about big housing subsidies right now. ashley: yeah. but it was out of control government spending that created inflation, that created the fed who had to raise rates and then, lo and behold, here we are. people can't afford mortgages, can't afford to get on the property ladder. >> wind it all back to the spending, and you can just trace the story right through interest rates, the situation we have now. so i've got to tell you, subsidies aren't going to fix this problem. getting spending under control and inflation down, that's what you've got to do. ashley: i hear ya. brian, always great to have you here. of course, we're going to make sure to catch you on "the big money show" not that far from now, 1 p.m. eastern, on fox business. do not miss it. lou, come back in here. to pick up on what brian said, do you think these higher rates are the new normal now? >> yeah. the fed's to told us higher for

longer, right? brian was bringing the bad news on housing. i'm going to bring the even worse news. we have a fundamental supply problem. we have about 3.2 million home shortage in supply. so even if you, you know, provide subsidies, that doesn't fix that imbalance in supply and demand. so subsidies are a temporary band-aid that are just going to cause more inflation. if you look, closing that gap the last mile on inflation is proving very difficult because of housing prices. that's the biggest drag right now on bringing inflation down. ashley: yes. it's a stalemate. people don't want to give up their 2.8% 30-year fixed mortgage because they know they're never going to get close to that -- >> right. where do you go, right? you can sell and make a bunch. of money, and then you have to put it back into a house at a higher rate. ashley: all right. think we've got that one figured out. all right, lou, thank you. the u.s. public debt could hit a record high before the end of this decade. lauren, is this going to exponentially get worse? lauren: yep. so by 2029 the nonpartisan cbo

says america's debt as a hair of our economic activity -- share of our economic activity will hit a record 107%. you're looking at the the national debt right now. it's over $34 trillion. that's $101,000 for me, for you, for lou are, for brian, for every single u.s. citizen. and it's increasing by $8.5 billion each and every day over the past year. then the cbo comes it and saw i -- and says, well, it's going to soar to $54 trillion at the the end of the decade. and then let's fast forward another three decades, debt as a portion of gdp will keep rising to hit 166%. what do you do about this? it's clearly not sustainable. but politically, it's very difficult to do something about it, to force cuts in services and expectations like medicare. ashley: yeah, i know. it's very difficult, but something has to be done because, as you say, it's not sustainable. all right. let's take a look at the dow 30

stocks, as we like to say at this time of the show every time, get a sense of the markets, as they say. a lot more green than red as you can see on the dow 30 stocks. apple still the laggard. goldman sachs leading the way. the dow itself up 300 points, just below 40,000. now this, a new op-ed is sounding the alarm on how kids have become addicted to their phones. we know that. some of them are spending 20hours per if week on their devices. rikki schlott wrote about it, and she's going to explain what she he means next. ♪ what can i do? ♪ i'm addicted to you, you, you, you, you ♪ we got the house! you did! pods handles the driving. pack at your pace. store your things until you're ready.

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ashley: bring you up to speed on reddit that's having its ipo today. shares, by the way, now indicated to open between 44 and $48. it's interesting, the online forum app initially was looking at somewhere between $31-34, but demand and price apparently is going up. and we are continuing to follow that when it actually comes to

market. but $44-48. all right, take a look at this headline in "the new york post". kids' faux-based is inhuman and ten times worse than any middle school horrors. rikki schlott joins me now. in your article a, you talk about the author of a new book who says social media has damaged gen-z. in what way do you think that is? >> i mean, we know9 that the average a kid right now is spending 5 hours a day in screen time which is effectively almost -time job over the course of a week in addition to their school time, and so that leavesless time for free time with friends, getting a driver's license, healthy rites of passage a, taking a part-time job, dating and sleeping. it's taking away, it's more, in my opinion, about the displacement of healthy activities in a hell think day-to-day life and replacing it with screen time which often times is damaging to self-'s

esteem especially for young girls. ashley: yeah. and talking of which, the article says that teen girls spend an average of 20 hours a week on social media. yes, that's like a part-time job. i feel like that's way under what the a real number is. >> yeah, absolutely. and we know that the people that use social media the most are the ones that are having the worst results. in fact, we know since social media proliferated and became popular, the percentage of teaches who say they don't enjoy life has gone from 20% to 50%, and now today 30% of young girls have considered suicide in the past year. ashley: that's absolutely awful. because they think that everyone else is having such a wonderful time and they're no, right in. >> absolutely. all this social comparison of being a middle school girl and being concerned about whether you're popular, now it's numerical. you can see how many followers and likes you get. it really takes everything about being a young adolescent and makes it ten times worse. ashley: you know, the surgeon general warns that gen-z is

facing an early mid-life crisis. he blames people spending of course, too much time on social media. you're gen-z, are your peers having a mid-life crisis? >> i don't know if it's a mid-life crisis, per se, but we look at the older age groups, typically people tend to be happier in their use -- youth, it goes gown in a u-shaped curve in their mid-life and then it goes back up. and and we know people are slipping down earlier on, and does that end up being sustained for the rest of their lives? i think quite possibly if we don't figure out how to get screen time and actual real-life activity in balance. ashley: that's not easy because of that the addiction. r are ikki, thank you so much. we'll let you get back to your phone now. [laughter] it's time for the thursday trivia question. here's the question for you, how old was the youngest senator ever? 26, 28, 30, 32? i do not have a clue, but let's have fun guessing after the

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the trivia question, we asked how all that was the youngest senator ever. your guess first? lauren: number 2, 28 years old. ashley: very good. what say you? lou:i will go with 26. haven't acknowledged much at 26. ashley: don't feel bad, the answer is 28. well done, lahren. 1818, tennessee senator john henry, the constitution says you have to be 30 to serve. so much for that. well done. thanks for sticking around. the dow is up 340 points. coast-to-coast starts now. brian: todd: looks like there's a great deal of demand, this price was priced at $44 a share when it launches today and all of a sudde