party ends. when i, you were ahead of this curve on the people, you know, leaving their jobs. it just sounds like people, they are so employee bald en and they think the economy is so great that you have almost 40% of the people out there willing to quit. you know, i am seeing stock up 18%. charles: we've run out of time. >> yeah, okay charles. charles: i have to hand it over to ashley webster, we'll talk soon. ashley over to you. ashley: i hate to interrupt he was on a role charles payne thank you so much. breaking news, president joe biden set for a press conference following day one of the nato summit in brussels, belgium at any moment now, there is the scene. we'll take you there live as soon as it happens and of course, then we're going to recap it all with former ambassador charles reese. we're waiting on the president as i speak. meantime, the global battle against the coronavirus gets a new weapon, the moderna chairman and co-founder will be here to

tell us what novavax's new vaccine will do to help put an end to the deadly pandemic. plus, we're going to introduce you to a company that's uniquely positioned to keep the electrical vehicle race hum ming. the lifecycle ceo will be here to explain how his company is putting the chargeback into batteries, it is a fox business exclusive. meanwhile, as for the markets, a little mixed at this hour, ahead of the start of tomorrow's fed meeting, investors seeming to paddle and tread water a little bit right now, the dow off 215 points, s&p down slightly, but the nasdaq eeking out a small gain. as i said at the very top of this show, any minute now, president biden set to hold a press conference at the nato summit in brussels, belgium. earlier he held bilateral talks with turkish president urdewan, and for the first time ever, nato is expanding its lens to

include chaina and its expanding military and economic ambitions. traditionally nato is always focused on russia but both are under the microscope this time around, interesting development, lots to talk about and as we wait for the president, joining us now is former principal deputy assistant secretary of state for european affairs ambassador charles reese. ambassador thanks so much for joining us as we wait for the president. what do you think of that development with nato starting to identify china as a risk? >> well thank you very much, ashley, delighted to be with you well, china is a major factor in the international political and economic environmental around and it be odd if nato had this summit and didn't talk about china, but i think a good way to look at it is it's not so much nato as going to asia. it's china is coming to europe. china has been in europe and

cultivating a, if you will, a caucus opinion the european union and countries along the border with russia for some time and it's time for nato to take cognizance of that. ashley: it's interesting because they say that china is investing in new, destructive technologies , was the way it was put. it's really singling out beijing pretty strongly. >> well there's a lot of rhetoric associated with china and china trade and technology one way or another but there are real issues behind that rhetoric. there are issues having to do with the ability of the alliance to be diversified and not reliant on one technology that the keys to which might be held in a hostile country, a potentially hostile country like china, and there are the very well-known issues of the 5g cell phone system, and the role of huawei and that, so there are lots of issues like that, but

the alliance is not standing still, and what i think one of the messages of this summit and very very hefty communication is that the alliances together on the substance as it hasn't really been for sometime and understands that need for more resources and more coordination, and more efficiency in the way that it carries out missions, as it withdraws from afghanistan , is the perfect opportunity to do that. ashley: president biden, of course, scheduled to meet with vladimir putin on wednesday. what message will the president bring and what do you think is the most important issue to be discussed? s. well i think it's a good to look at that meeting in the , with the idea of the way that he's built this trip so far, starting with the bilateral meetings in cornwall, and the very successful g-7 summit

meeting in cornwall, and now the nato summit tomorrow. he will sit down with the eu and make real progress, i think, on some of the outstanding trade disputes between us and between the united states and the eu, so that all puts him in good shape to sit down with putin and make the case that putin, if he wants to be respected and valued as a member of the international community, which we know he does , he really has to agree to, and seriously adapt to the norms of international behavior, which he has not been doing and its only been made evident by these recent hacks from hacking groups that are perhaps in russia based ashley: it's interesting one of the thorny issues that came up was the ukraine's desire to join nato, which of course would raise major alarm bells in moscow, but nato is saying moscow, and it doesn't have any

say over this , if the ukraine wants to join and nato agrees, then that should happen. that could get kind of ugly don't you think? >> yes, ashley, it could. i mean, there's a long history to this issue back in 2008 when nato agreed that you crane should have a perspective of joining nato as well as georgia, the country of georgia, but in fact, didn't start the bureaucratic process to make that happen, and then, ukraine was caught in a middle position and once yanakovich got turned out 2014 you saw the russians take action as they had earlier done in georgia, so i don't think that there is a consensus to be really clear for nato on nato's view of the ukrainian full membership and the ukrainians are clear they want to join as soon as possible on most any reasonable terms, but you're quite right, ashley.

the russians don't get a say. it be a judgment by nato, and nato members as to whether or not they are prepared to take ukraine in, with the risks that that poses for nato itself, as well as the signaling that that would bring to the wider europe. ashley: one thing that president trump did, of course was kind of hold nato to account. it happened before his presidency but he really really held nato's feet to the fire when it came to contributing their fair share. is joe biden going to do that at the same intensity and, you know , we have seen nato respond. some countries have increased their funding to the pact. >> that is indeed right, and so we shouldn't obscure the fact that in fact nato countries are spending more on their own defense and on the common defense. i think the biden approach will be different.

it has been different today. its been more talking about the weaknesses that nato has and the priorities that it has in order to inspire the allies to step forward and do more. one of the issues, historical, over decades has been for the united states has been how much do we want to encourage or discourage european union cooperation and defense. it used to be thought that if there was a common eu security and defense policy and if they were particularly common weapon systems or investments that that be bad for nato. i think this administration is a little bit nuanced on that, more prepared to see a greater european defense investment no matter under whose label it be , because the capacity and the efficiency with which the

military in nato can work together is what counts. ashley: how do you think the president has done so far? i mean, we weren't expecting a whole lot to come out of this. the issues we knew were going to be discussed, but do you think he's accounted himself well? >> yes, i do think so. i'm very pleased with the way its been going. it's clear the administration did a lot of preparatory work, they've been putting out fact sheets they knew what they were going to get they focused on issues that could be resolved. you saw this already 10 days ago when the finance ministers agreed on this taxation deal, and the g-7 finance ministers meeting which was an element of the g-7 yesterday. you saw it on covid where the administration did make a mistake and if you will preemptively suggesting that they would wave patent rights for covid vaccines without even briefing it to the europeans,

but they recovered from that and have focused the story, the headline on covid has been the donation of 500 million doses which makes it possible to come up to almost 1 billion doses for the developing countries. that's a really good news story. similarly, i think on china, at in indiana cornwall, they didn't have all that much to do except to lay the groundwork for a good discussion today but they did do this what they're calling build back better for the world or b 3w or johnson, boris johnson calls green belt road, the idea of matching chinese investment with many countries around the world in low carbon things like railroads with better terms , more sustainable approaches. that's a good news story, and you know, i think that they are setting the agenda and most

importantly, i think that the united states is that the president is showing a sort of steadiness and a competence and a willing to listen to the others that will play very well as he tries to mobilize and work together with our allies & partners on common challenges in the future. ashley: you know, ambassador, we talked about his meeting with putin on wednesday and you mentioned something, you know, cybersecurity and the hacks that we've suffered here in the u.s. , track back to eastern european potentially russian territory. i don't think there's anything that goes on in russian territory that moscow doesn't know about. how forceful can the u.s. be in making their case that putin has to clean this up and what do you think putin's response be? >> i think, let me start with the second. i think putin will try to say look, it's just not an official

act. we don't condone this , this is a terrible thank. what biden's informations are, i think, is probably to focus on some of the piping, if you will, of the internet and the financial system, to both make it more difficult to put these kinds of malware into systems, increase cooperation in devicing better barriers or barrages or whatever you might call them to such things, and then, on the financial side, we seen the fbi manage the snag half of the colonial pipeline bitcoin money. if they can improve that capacity, and reduce the money- making appeal of that this will also make a difference ashley: it will indeed. ambassador if i could ask you to stay there, we're still waiting

for the president to come out for this press conference you're seeing on the left-hand side of the screen in brussels, belgium as we do wait, i think we just want to take a quick look at the markets and get a sense of what's going on there. the markets certainly searching for direction, as the dow and s&p as you can see there, both down at this hour, ahead of the beginning of tomorrow's two- day fomc meeting. the s&p coming off a three-week winning streak, after closing at new record highs on friday. as you can see though the nasdaq , the tech-heavy nasdaq up a third of a percent. let's get to our traders as we wait for the president, scot redler and phil flynn, gentlemen , great to see you both scot, what are you expecting to hear from the fed? will we see a signal that rates could rise sooner than expected or are we going to hear more of the same from mr. powell? >> i think we're going to be hearing more of the same. they've done such a good job trying to make sure that we get

past the pandemic and we've had the stimulus out there, so i don't think he's going to shock the system but i do think he's going to be a little hawkish and the market always once they see the reality of the situation , he will talk taper, so we might see some volatility. so there are a bunch of different ways to go about how to handle your portfolio depending on your timeframe. if you have a portfolio and you manage it, and you want to maybe make some money on the vix, which tends to spike a few times a year maybe three times historically into july, and you want to put on some insurance while it's cheap, what i did is i went out and i bought a july vix call spread of what the 33 x 38 cost me $0.80 to make three to four times my money, if volatility strike, if we have a taper tantrum, so this way you don't have to time your trades. actively the sector above the 21 day which a lot of sectors are like the s&p i like to have some risk on. tech has been the place to be the past two weeks while the financials just came in a little bit, some of the industrials just came in a

little bit, so i think we might have a rotation here where if, you know, he comes out a little extra hawkish, maybe tech comes in a little bit and you could buy the dip in the financials. the financials just pulled back to the 50 day, everybody loved them two weeks ago now everybody doesn't want to be involved, so traders that are active have had a rotation, they are switching gears and i think, as long as the s&p holds above 42.10, coming into after the speech on wednesday, i think that risk will be the same and we could rotate into the best-acting names. ashley: phil flynn, quickly. i don't know if mr. powell wants to admit he was wrong and that maybe the fed had underestimated , you know, the levels of inflation. he could point to the fact that there are still 8-plus million jobs still open so that would make an argument for some more accommodative policy but if he does start talking, and uses that word "taper" could we have some taper tantrums on the markets? >> we could and if we do that

be a great buying opportunity on some stocks. a great opportunity to put in some bids on your favorite stock s, maybe put in some bids below whatever you want to be in i think scot's right and maybe the tech names put in a bid 5% below the closing price and you might get lucky, but let's face it don't tell anybody. the feds already tapering, right he cut back on the corporate bond sales, so it's already happening and if you're watching very closely, you do see that. ashley: all right, it is scot redler, i'm sorry we're out of time. also phil flynn, i will remain m um on what you said, phil. just to bring you up to speed we are still waiting for president biden's press conference, we thought it was going to begin after the top of the hour but we're keeping an eye on it and of course we'll take you back out to brussels as soon as it begins. in the meantime we're coming right back. they said it couldn't be done but you managed to pack

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a nice $2,300, at just under 40,000, 39, 484. they are welcoming the news, investors that is, are tweeted out by elon musk over the weekend, who said tesla will resume bitcoin transactions once there is a reasonable clean energy usage by bitcoin miners. didn't say how he was going to monitor that but hey, our next guest can help tesla achieve environmentally-friendly goals by the way, in another way. enter lifecycle, the largest lithium ion battery recycle erin north america. the company helping to turn battery scrap into the future of energy, and the stock will soon be hitting the market, having agreed to a spac merger in february. lots to talk about in a fox business exclusive, we bring in lifecycle ceo and co-founder, r. j. koshar. r. j., thank you so much for

joining us. you founded this company, what, back in 2016. you realize that people were throwing these batteries away, or incinerating them or doing whatever but they weren't being reused. since that point in 2016, how has it gone? >> yeah, great to be on. look we're a commercial business as you highlighted. i think we're in a time here, you know, especially with 100 day review results from the biden administration where there's a recognition that this is a very critical node in this very strategic supply chain , right? this is about national security so who are we? we're a commercial business. we have tons of lithium batteries every year to-date. we touch those aspects of domestic supply of critical materials, lithium, nickel and cobalt and more from an urban mining context as well as ev's lithium batteries and esg in the circular economy. now today we are of scale in the largest in north america we look with the joint venture between general motors and lgm

solution, so this is happening, and it great to see the investments in the supply chain, but it's really the top of the first in ning, and it's great to see the recognition now in the sense of urgency that this is such an important area for us from a national security standpoint. ashley: yes, indeed. we know that the demand for lithium ion is going to go through the roof, but that said, i think, and you can tell me if i'm right or wrong, but recycl ing these lithium ion batteries could be a little tricky, right? >> yeah, so historically, and this is why we founded the company in 2016. our background we're technical folks. we come from the lithium industry, and my co-founder and i were working on these projects in the lithium space and questioning hey, where are all these batteries going to go one at end of life and two when you make them it's not perfect. there's manufacturing scrap as well, which is what we get for example, from ltm, so we're digging in and in essence, as you referred to in the opening it was a lot of waste-oriented processing, high

temperature, materials being lost, the material being treated as a waste, and that doesn't make a lot of sense, right? there's so many supply chains, a ton of money in energy that goes into making these batteries they are extremely rich source of these materials, so we turn that on its head, we patented technology, commercialized it, it's non-thermal and what we do so going away from this historical method that's more polluting, and we can unlock that value to be unit economic profitable. that's the core thing here, we want to make money off of what we recover from all types of lithium batteries smallest to largest that you can think about ashley: ajay, i've got about 20 seconds, but are you profitable? you're making plans to go public , i mean, things looking good, right? >> yes, so we're fully funded for our business plan which we're excited about the unit economics what we do is profitable that's really important and we're now in that critical building phase, growing in lock cycle with the whole supply chain. so top of the first inning but we're excited about what's to come. ashley: well you've done very

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ashley: breaking news president joe biden set to hold a press conference in brussel, belgium. here he comes after day one of the nato summit. let's listen in. >> before i turn to today's meetings, i want to say a short word about our ongoing fight against covid-19 at home. we made enormous progress in the united states. much of the country is returning to normal and our economic growth is leading the world and the number of cases and deaths are dropping dramatically, but there's still too many lives being lost.

we're still averaging the last seven days the loss of 370 deaths per day. 370 deaths that's significantly lower than at the peak of this crisis, but it's still a real tragedy. we're approaching a sad milestone, almost 600,000 lost lives because of covid-19 in america. my heart goes out to all of those who have lost a loved one. i know that black hole that seem s to consume you that fills up your chest when you lose someone close to you that you adored. that's why i continue to say to america, if you've not been vaccinated, get vaccinated. get vaccinated as soon as possible. we have plenty vaccinations. plenty of sites.

we have more work to do to beat this virus, and now is not the time to let our guard down, so please, please get vaccinated as soon as possible. we've had enough pain. enough pain. folks, i know it's after 9:30 brussels time, 9:30 p.m. and i'm still at nato. you're all excited about that, i know. [laughter] >> but i've had a chance to meet with several leaders recently, and i've had calls with others. its been an incredibly productive day here. i just finished meeting with president of turkey and we had a positive and productive meeting, much of it one on one. we had detailed discussions about how how to proceed on a number of issues. our two countries have big

agendas. our teams are going to continue our discussions and i'm confident we'll make real progress with turkey and the united states, but now, i want to thank secretary general stolenberg for leading a very successful nato summit today. i had the honor of leading off the discussion today, among the 30 nations, and i pointed out that we're facing a once in a century global health crisis, the same time the democratic values that undergird our alliance are increasing pressure both internally and externally. russia and china are both seeking to drive a wedge in our transatlantic solidarity. we're seeing an increase in malicious cyber activity, but our alliance is a strong

foundation on which our collective security and our shared prosperity can continue to be built, and i made a point to make clear that the u.s. commitment to article v , the nato treaty, is rock solid and unshakeable. it's a sacred commitment. nato stands together. that's how we met every other threat in the past. it's our greatest strength as we meet our challenges of the future, and there are many, and everyone, everyone in that room today understood the shared appreciation, quite frankly, that america is back. we talked about russia's aggressive acts that pose a threat to nato and our collective security. that's why i met with the bucha rest 9, the eastern fl ank allies in advance of the summit and today also met with the leaders of the three baltic states, at tone

yeah, latvia, and lithuania. i shared with our allies what i'll convey to president putin that i'm not looking for conflict with russia, but that they will respond if russia continues its harmful activities , and we will not fail to defend the transatlantic alliance or stand up for democratic values. as allies, we also affirmed our continued support with the sovereignty and territorial integrity of ukraine. we agreed to keep consulting closely on nuclear deterrence, arms control, and strategic stability and there was a strong consensus in the room, among the leaders in that meeting on afghanistan. our troops are coming home, but we agreed that our diplomatic, economic and humanitarian commitment for the afghan people and our support with afghan national defense and security

forces will endure and i welcom ed our allies & partners to recognize that counterterrorism, the counterterrorism efforts must continue to ensure that afghanistan never again becomes a safe haven for attacks on our countries, even as we take on terrorist networks in the middle east and africa. now, i'm deeply gratified that as an alliance, we adopted a far-reaching plan to make sure nato can meet the challenges that we face today and in the future, not yesterday. the nato 2030 agenda, and that we agreed to fully resource that agenda. the last time nato put together a strategic plan was back in 2010, when russia was considered a partner and china wasn't even

mentioned. we talked about the long term systemic challenges that china's activities pose to our collective security today. we agreed to do more to enhance the resilience of our critical infrastructures around the world , including trusted telecommunications providers, supply chains, and energy networks. we agreed to enhance our cooperation with our democratic partners in the indo-pacific to meet challenges that exist there we also endorsed a new cyber defense policy. nato's first, in the past seven years, to improve the collective ability to defend against counter threats from state and non-state actors, against our networks and our critical infrastructure. we adopted a climate security action plan which several years ago people thought we would never do, for reducing emissions from nato installations and

adapting to the security risk of climate change while keeping a sharp, very sharp on our ability to deter and defend against threats, and finally, we agreed that among the most important shared missions is renewing and strengthening the resilience of our democracies. i pointed out we have to prove to the world and to our own people that democracy can still prevail against the challenges of our time and deliver for the needs of our people. we have to root out corruption and ciphens off our strength, guard against those who would st oke hatred and division for political gain as phony populism. ashley: while the president starting off his news conference you probably heard talking about the coronavirus saying anyone in the united states whose not gotten vaccinated should do so,

as soon as possible, and it comes as novavax announces today its covid-19 vaccine candidate is 93% effective against most coronavirus variants, and 100% effective in preventing moderate and severe cases of the disease and by the way, we will be going back to the president in brussels if he begins taking questions, but getting back to the virus, and the vaccines, with us now, one of the men competing with novavax, moderna chairman and co-founder, nubar. thank you for joining us, what's your reaction to the novavax news? >> well, we're pleased to see additional technologies reach an important milestone and add to the arsenal of vaccines that are available. we're vaccinating the planet has to be the goal and we certainly welcome the supply that will come on line as a result of this ashley: you have been behind so

much research, you've launched so many different companies, but one thing that i've noticed that you've said look, you found a vaccine that's been adopted, is being very effective but this didn't happen in a matter of weeks. it didn't happen overnight, and in fact, the research into this particular type of vaccine has been going on for what, a decade? >> that's right. the original messenger rna technology that was initiated some 10 years ago was really, became a -- ashley: i'm so sorry i'm going to have to cut you off we have to go back to brussels the president indeed now taking questions. i apologize, let's go back to brussels. >> the last thing anyone would do is negotiate in front of the world press and approach a critical meeting with another adversary and/or someone who could be an adversary so the last thing i'm going to do but i will tell you this.

i'm going to make clear to president putin that our areas where we can cooperate, if he chooses, and if he chooses not to cooperate, and acts in a way that he has in the past relative to cybersecurity, and some other activities, then we will respond we will respond in kind. there need not be, we should decide where it's in our mutual interest, and in the interest of the world to cooperate and see if we can do that, and the areas where we don't agree, make it clear with the red lines are. i have met with him. he's bright. he's tough, and i've found that he is a, as they say, when you used to play ball, a worthy adversary but the fact is that

i'll be happy to talk with you when it's over, not before about what the discussion would entail nancy cordes, cbs. reporter: thank you, mr. president, i also have two questions about vladimir putin. the first is have any of the world leaders you've met with this week expressed concern that by meeting with president putin this early in your presidency, that it'll look like you're rewarding him? >> what's your second question? reporter: the second question is what it will mean for the u.s.- russia relationship if alexia novali were to die or be killed in prison. every world leader here as a member of nato has spoke today and most of them mentioned it, thanked me for meeting with putin now. every single one that spoke, and

i think there were probably about 10 or 12 that spoke to it saying they were happy that i did that, that i was going to do that, and they thought it was thoroughly appropriate that i do and i had discussions with them about in the open about what they thought was important from their perspective and what they thought was not important, and so the interesting thing is i know and i'm not being critical of the press. i really mean this , give my word, but generically, you all thought it was too soon. i haven't found a world leader who doesn't think it's just soon enough. everyone that i've spoken to, private privately and publicly, it doesn't mean there aren't some out there but it's not likely that a head of state is going to stand up in front of 29 other heads of state and say boy

, i'm glad you're doing this in effect. so, there's a consensus, and they thanked me for being willing to talk with them about the meeting and what i was, what i intended to do, so i haven't found any reluctance. there maybe someone but not open today or in the meetings privately held as well, and nova li's death be another indication that russia has little or no intention of abiding by basic fundamental human rights. it be a tragedy. it would do nothing but hurt his relationships with the rest of the world, in my view, and with me.

jeff zelney, cnn. reporter: sir, good evening, new thank you. you know, vladimir putin laughed at the suggestion that you had called him a killer. is that still your belief, sir, that he is a killer, and i'll continue the trend of you don't mind of asking a second question do you believe, if he does agree to cooperate, then what kind of a challenge do you find yourself in? how would you ever trust him and if ronald regan said trust but verify, what do you say to vladimir putin? >> [laughter] to answer the first question, [laughter] i'm laughing too. they actually, well, look. i mean, he has made clear that the answer is i believe he's in

the past essentially acknowledged that he was certain things that he would do or did do, but look, when i was asked that question on air, i answered it honestly, but it's not much of a, i don't think it matters a whole lot in terms of this next meeting we're about to have. the second question was? reporter: [repeating the question] >> i'd verify first and then trust. in other words, everything would have to be shown to be actually occurring. it's not about, you know, trusting. it's about agreeing. when you write treaties with your adversary you don't say i trust you. you say this is what i expect and if you violate the agreement you made, then we, you quote the treaties off, the agreement

is off, and i'm hoping that president putin concludes that there is some interest in terms of his own interest in changing the perception that the world has of him in terms of whether or not he will engage in behavior that's more consistent with what is considered to be appropriate behavior for head of state. ann garon, washington post. reporter: thank you, mr. president. here at this meeting and earlier at the g-7, you've said several times that america's back at allies side, but a lot of those allies are themselves pretty rattled by what happened on january 6, in attempt over turning of your election, and they may still be alarmed by the continued hold that donald trump has over the republican party and the rise of national

figures like him around the world. what do you say to those allies, what have you been saying to them at these meetings about how the next president of the united states can keep any promises you make? >> what i'm saying to them is watch me. i mean, i'm not saying to any of them, quite frankly. i'm just going out, people, as i've said before, don't doubt that i mean what i say and they believe that i keep my commitments when i say it. i'm not making any promises to anyone, that i don't believe are overwhelmingly likely to be kept i think that we're at a moment where, i mean, let me put it this way. you may have had a different view, but i think an awful lot of people thought that my showing up at the g-7 would not produce any kind of enthusiasm

about american leadership and about where america was. i would suggest that didn't turn out that way. i would suggest that there is the leader i'm dealing within nato and the g-7 are leaders who know our recent history, know generically the character of the american people, and know where the vast center of the public stands. not democrat republic but who we are. we're decent, honorable nation, and i think that they have seen things happen as we have that shocked them and surprised them that could have happened, but i think they, like i do, believe the american people are not going to sustain that kind of behavior, and so i don't want to get into the statistics, because

that whole phrase is theres three kinds of lies, lies, damn lies and statistics, but i think it's appropriate to say that republican party is vastly diminished in numbers. the leadership of the republican party is fractured, and the trump wing of the party is the bulk of the party, but it makes up a significant minority of the american people, and we'll see. we'll see. i believe that by us standing up and saying what we believe to be the case, not engaging in the overwhelming hyperbole that gets engaged by so many today

that we, i guess that old expression that the proof is in the pudding. when we said, when i said i was going to deal with beating the virus, i was going to focus on that and i was going to get millions of shots in peoples arms. it wasn't me. i just knew the american people. i knew the kind of help i'd get from the defense department, from police departments, from the hospitals, from retired docs , i just knew, and look how rapidly we moved. now, we have a group of people who were everything from the political rejection of the notion of taking a vaccine to people who were simply afraid of a needle, and everything in between and we have a way to go, but i never doubted that we be able to generate the kind of support we got and get so many millions of people step up and get vaccinated.

so i think it is a shock and surprise that what's happened in terms of the consequence of president trump's phony populism has happened, and it is disappointing that so many of my republican colleagues in the senate who i know know better have been reluctant to take on, for example, an investigation because they're worried about being primary but at the end of the day, we've been through periods like this in american history before, where there has been this reluctance to take a chance on your re-election because of the nature of your party's politics at the moment. i think this is passing. i don't mean easily passing. that's why it's so important that i succeed in my agenda. the agenda, whether it's dealing with the vaccine, the economy,

infrastructure, it's important that we demonstrate we can make progress and continue to make progress, and i think we're going to be able to do that, so as i said, the proof will be in where it is, you know, six months from now, where we are, but i think you're going to see that there's that god willing we're going to be making progress and there's going to be a coalescing of a lot of republicans particularly younger republicans who are coming up in the party and last question, seb astian smith of afp reporter: thank you, mr. president. ukraine wants a clear yes or no on getting into the nato membership action plan, so what's your answer, and if i may have a second part to the same question. well now that russia has invaded parts of ukraine, does that effectively rule out ukraine ever entering nato, given that

being in nato would mean the u.s. and nato having to defend ukraine against russia. thank you. >> the second question is the answer is no. the first question is depends on whether they meet the criteria. the fact is they still have to clean-up corruption . the fact is they have to meet other criteria to get into the action plan, and so schools out on that question, and it remains to be seen. in the meantime, we will do all that we can to put ukraine in a position to be able to continue to resist russian physical aggression and it will not just depend on me whether or not we conclude that you crane can become part of nato. it will depend on the alliance and how they vote, but i know for one thing, there has to be a , they have to convince and it's not easy, i made a speech years ago saying that you crane

had an opportunity to do something that's never occurred in the history of ukraine. actually generate a democratic ally-elected and not corrupt led by oligarchs in any of the regions nation. now, i pointed out to them when i made that speech that they will go down in history as the founding fathers of ukraine, if in fact, they do that. they have more to do, but that does not justify the fact that they have more to do. russia taking aggressive action, on the sea, or in any part of ukraine, and we're going to put ukraine in a position to be able to maintain their physical security. thank you, all, so very much, sorry you're all here so late. thank you very much. >> [overlapping speakers] ashley: all right there you have it. president joe biden leaving the stage in brussels, belgium

talking about today's events in day one of the nato summit. he was asked many questions afterwards about vladimir putin who he will meet on wednesday, in geneva. the president saying that putin can "cooperate" or the u.s. will respond in kind. he says the u.s. will make it clear where the red lines are to vladimir putin, but he did call the russian president, "bright, tough, and a worthy adversary" so there you have it, joe biden calling nato summit essentially a success. he says they are all on the same page. now, want to move on to this. the departure of a a top national security official may force the biden administration's hand when it comes to the stalled tiktok oracle deal, you remember that? joining us now with more on this breaking story, of course is breaking it for you charlie gasparino. charlie what you got? charlie: i've got to wake up a little here. it was so long.

[laughter] ashley: [laughter] charlie: i'm only kidding. we should point out that this time last year, tiktok was all the rage, donald trump wanted to get the short video act banned, there was a proposed deal with microsoft, that fell through and then there was a proposed deal with oracle which was kind of stayed through the election, through the biden administration. what we know is this. there are many government entities that have to weigh in on the future of tik tok whether it can still operate in the u.s. and this oracle deal which is a partnership where oracle is a u.s. company which would control the data because remember tik tok is owned by the chinese, people worried government is worried that the chinese are going to misuse that data. there's a lot something called s iphius, the former investment of the u.s. and then there's the doj's national essentially the head lawyer for the doj that deals with national security. that gentleman, a guy named john deemers, who left today. he was planned to go. now he is out. with that leaving, with deemers

leaving, with the biden administration person put in there, what sources are telling me close to this deal they believe it will be a catalyst getting future of tiktok at least at some point resolved. whether it is oracle. whether they stay in the u.s., whether they get banned. this deal will be heavily reliant on two offices, cfius, council on foreign investment in the u.s. which hasn't ruled totally yet and this national security chief in the doj has to weigh in. we'll have a biden person put in there, a permanent one. there is a temporary one for couple weeks. when the permanent one gets in there, i'm hearing game on at least in the short term. you can never, i will never give you a definitive on the deal until i see the press release. with deme is rs out, someone from the biden administration being in there, it is a

catalyst, walmart, oracle, tiktok. walmart was involved. maybe microsoft comes back. it is at the tiktok turns arcly. back to you. ashley: i like the way you put that, charlie. you can go back to sleep. >> ashley, i need more coffee, i have to do cavuto's fnc show. i need a jolt. larry: enjoy your latte, whatever you like, charlie, thank you very much. nasdaq, s&p 500 on pace for record closes. can we get to cliff source sew, advisors asset management? let's do it. cliff, i don't want to waste time on the title. it's a big one. i want to give you time to get into this, what do you see the markets doing once the fed have their say this week? is that what investors are waiting for, the verbiage, if you like from mr. powell? >> thanks for having me, ashley,

appreciate the opportunity. ashley: yes. >> quickly the rates, inflation to me has become public enemy number one. i don't think we think it is time to drop the mic on that debate although the market has been very, very patient. i think you're exactly right, the markets are looking, nobody expects anything dramatic from the fed. nor do we. the market will look at the so-called dots. that basically represents future projections where the fed funds might be by the governors. as we sit here at this moment those dots show no move beyond 2023. so quite a period of time. yet, there is a possibility when they break the meeting on wednesday that perhaps some of the dots move up. we see a little bit after pull forward on rates. it shouldn't be cause for concern. in fact ironically in a twist of logic, it might be a positive thing for the markets. it could create a little short term angst. ashley: i have 10 seconds, cliff, i apologize for that. one sector you like?

>> bank and finance. economy is good shape. overcapitalized. yield curve, long runway. ashley: very good. cliff, i promise next time you get more time. [closing bell rings] that is my promise. as we head towards the close, dow paring losses but nasdaq finishing on the upside. what a day it has been. that will do it for "the claman countdown." "kudlow" is next. ♪. larry: hello, everyone, welcome back to "kudlow." i'm larry kudlow. great to be with you. so let's talk a little bit about this weekend's g7 meeting. how about this? there is one quote that really captures what went wrong, from french president emmanuel macron, why the g7 meeting was a complete disaster for the u.s., why former president trump's america first is out the window. listen to this? >> i think it is great to have