understand the path that the fed is going to take we're in for a lot of volatility. i do think we'll see some more days like friday, the whole street is positioned very very bearish which means we'll have violent upswing which is is relief from the downswings but until we get our arms around the glide path going forward. maria: all right mike lee, morgan ortegas great to see you both, "varney" & company begins right now. stu take it away. stuart: good morning, everyone, it's back the sharp up and down movement of stock prices that gets everybody nervous. big gain last two hours of trading friday, lot of red ink this monday morning. look at this , the dow is going to be down about 150 10 points lower for the s&p, nasdaq getting out a small gain of 30 points that's it. snow, ice and intense cold for much of the country over the weekend and we're now seeing energy price inflation. i have oil 87.29 it's actually getting much closer to $90 a

barrel look at this. nat gas getting close to $5 per million british thermal units going straight up as the cold snap hits and gasoline still going higher, the national average is now 3.37. the cryptos let's look at them, following stocks lower, bitcoin is now at 37.2 that's where you are let's sum up this monday morning financial action. volatility and anxiety. google reports tomorrow, meta wednesday, amazon thursday, they'll give their outlook for the rest of the year , and that will make a big difference to the market's performance this week. the wheels of diplomat diplomacy are grinding on, the u.s. , russia and ukraine faceoff at the united nations today. britain's prime minister is expected to talk to putin this week, boris johnson may also visit eastern europe. blinken andlavron talk too, and the olympics start friday, and the expectation is putin wouldn't spoil his allies big

event the games end february 20, you've been warned. covid news there is a new care haven't, va .2, more contagious than omicron but does not appear to cause serious illness, does that mean variants are getting weaker? we'll ask the question. the spotify saga, joe rogan has apologized some musicians removed their music from spotify because rogan put out misleading information on covid, rogan will be balanced and spotify will introduce a covid data database tok to counter mississippi information. it is monday, last didi day, but bad month for investors "varney" & company is about to begin. ♪

stuart: well that's a new one on me, the outcast oh, ha yay. >> it's old. it's good. stuart: do you like that? >> i do. i'm trying to think of the year i distinctly remember when this song came out. stuart: definitely wasn't 1960. let's get on with it, the pentagon spokesperson john kirby sounding the alarm on a russian invasion of ukraine. watch this. >> putin has a lot of options available to him if he wants to further invade ukraine, and he can execute some of those options imminently. stuart: imminently, keyword. charlie hurt joins us. that statement suggesting an imminent invasion. is that a way of distracting from president biden's mounting domestic problems maybe? >> oh, i think without any doubt, whatsoever, stuart. the biden administration has been very good about rattling their sabers and making threats and talking about however ill russia is and vladimir putin is but what they failed to do is make any cogent argument for why

american national interest is at stake along the borders of ukraine, and that leaves you to wonder, so what is this all about? and i have to say, when i look around, i can't see any vital american interest at stake here that trumps the real pressing problems that biden faces here at home, and that he has failed to address, whether it's the border or inflation or gas prices, as you just pointed out. all of these things that really affect people in a very personal kitchen table kind of way, nothing that's going on along the ukrainian border matches the pressing nature of those issues that biden quite frankly is completely failing on so far. stuart: i'm going to change the subject for a second and talk about republican politics for a moment, the governor of arkansas, asa hutchinson, he's a republican and says former president trump is not the person to lead the republican party again.

the republicans are split on this , by the looks of it. what do you make of it? this is trump and his role in 2022 and 2024 is really right at very center of republican politics right now. >> absolutely and, you know, i think there's an argument to be made that if there was a republican that was running who embraced all of the issues that donald trump identified, and was somehow better at making those arguments or made the case if he be more effective at making those issues, fixing those issues in washington, i think that maybe you could have an argument that there be a challenge to donald trump. the problem is, that person has not emerged in the first place and in the second place all the people who were trying to po o-poo trump push him out of the party is people like asa hutchinson who has been around almost as long as joe biden has been in and out of the government when he's not in government he works as a lobbyist and at one point, he

was in charge of the border under george w. bush, which of course, didn't work out very well, and it's people like asa hutchinson that is the whole reason that donald trump emerged in the first place and so of course they want to push him out of the party. they have been desperate to keep trump from getting into the party and desperate to push him out and until that outsider emerges who can crystallize those issues that donald trump and donald trump alone managed to take over the republican party from people like asa hutchinson in the first place, then it's going to be donald trump. stuart: okay, i hear you loud and clear, charlie hurt, first thing on a monday morning. >> great to see you. stuart: a new poll shows president biden getting failing grades on his handling of key issues for example, inflation, good morning, lauren. lauren: let's start there 69% disapprove of the way president joe biden has handled inflation, which is at a four decade high that according to abc and while the economy is certainly a major point of contention here, more than six in 10 respondents give

president biden a thumbs down on gun violence, and on crime, so you have a presidency surrounded by a host of problems and many of them if not all are kitchen table issues. stuart: the voters recognize it, lauren, thank you, let's get into the markets bring in jason katz. off the top of my head here is my question. we've seen the correction, we've had a correction, is it over, jason? >> last week, stuart, we saw an average daily move of 2.25%, so we're not out of the woods with respect to volatility, although i'm not going to characterize it as a correction. i'm going to call it the great re-rating because the fact of the matter is what's happening as unusual as it feels is actually normal. since 1928, markets have average drawdowns every year of 16%. since the covid lows we didn't have a 5%-plus pullback. we flirted with it twice, so look, we have a lot more

volatility ahead of us and a lot of this is predicated on the fed stuart: okay, tomorrow, google reports, wednesday it's meta old facebook and thursday it's amazon. could they, if their reports are strong, could they put a floor under the market the way microsoft and apple did last week? >> you said it in your opening comments. it will set the tone for this week. look, 35% of the companies have reported and 77 have beaten by a margin of 5%. on the surface those are really strong numbers, but if you look at that relative to last year and the previous year, obviously , the growth is starting to curtail, so yes, we must see these companies, you've mentioned beat and guide higher and frankly, i don't think if the fed raises four times, six times or 1.5% fed funds rate will not have a material impact on those companies, their earnings or their guidance, so i do think that they will set the tone for the week and then all the focus will go right back

to the fed. stuart: [laughter] let's hope it's a good tone. all right, jason katz, thank you very much, sir, see you again sir. >> thank you. stuart: more drama at spotify over joe rogan's podcast. i know he has responded. is he apologizing? lauren: it's part of the 10- minute instagram video yesterday. let's watch some. >> i'm not trying to promote misinformation. i'm not trying to be controversial. i've never tried to do anything with this podcast other than just talk to people. if there's anything that i've done that i could do better is have more experts with differing opinions right after i have the controversial ones. lauren: spotify has responded they are now adding a content advisory to any material mentioning covid and then directing users to a link where they can get more information. this is similar to what facebook and twitter do to combat misinformation but spotify is clearly a broadcaster over a social media platform, right?

they've spent $1 billion on content, they pay rogan $100 million for his podcast, so this debate between the company versus in this case its rock stars who don't approve of rogan 's content highlight the publishing powers growing pains as they get bigger, they have to deal with what is on their platform. stuart: but after that apology and the database they are going to use i notice that the stock is backup again recovering i think most of the ground that it lost last week. lauren: i think it was $20 billion lost in market value stuart: up 5% this morning. see how they work out today. thanks lauren check the futures again please it is monday morning always like to see how the market is going to start the new week and tomorrow the new month, down 130 on the dow industrials all right, now look at this. a jewelry store owner taking matters into his own hands he stopped a smash-and-grab. see him reach for his holster right there we've got the story. a new york city actress is getting attention for all the wrong reasons. roll tape.

>> do not need to shutdown most of lower manhattan because one cop died for probably doing his job incorrectly, which is ridiculous. it's ridiculous. stuart: oh, well is that where the anti-cop movement looks like in the rest of the country? lawrence jones is joining us traveling around america talking about this and he's here and he's next. ♪ i'm going off the rails on a crazy train ♪ we gotta tell people that liberty mutual customizes car insurance so you only pay for what you need, and we gotta do it fast. [limu emu squawks] woo! new personal record, limu! only pay for what you need. ♪ liberty, liberty, liberty, liberty. ♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates,

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stuart: all right, watch this. a california jewelry store owner took matters into his own hands to stop a robbery.

watch it. take us through it lauren? lauren: so the owner of the mall -based jewelry store had a ellison gun, concealed carry permit, five men, you'll see them start coming into the store and they crack a display case with a crow bar and the owner draws his gun, we'll play the video and then one of the five men also had a gun and he showed them his gun and they ran out of the store so nobody was hurt in this instance. the thieves probably thought they could get away with this because they constantly get away with smash-and-grabs but they didn't and they did not expect the owner to bravely defend himself so there you go. the guy walked in with a crow bar, more men behind him and there's the owner with his gun. stuart: what would have happened if one of the guys, the robbers, had showed gun and the jewelry store owner plugged him? with a .38, whose in the right? who would go to prison? lauren: the jewelry store owner. stuart: i don't know the law, but you know? lauren: how do you make those robbers, what time do they

serve? they just have a counseling session with a social worker. who would want to be a social worker. stuart: we'll get into that whole subject. liberal policies are not the only reason dangerous criminals are walking free. madison alworth has our story for us. madison, bail bondsmen are taking lower payments. now, how does that increase the level of crime, explain it, please? >> well, what it means then, stuart, is that if they are taking lower payments it's more often someone is able to meet their bail because the bondsmen are being more lenient and they can be on the street earlier and as you can see with all the criminals we've had on the street we've also noticed that increase in crime so let me further break it down but that is in summary what we're taking a look at. so progressive bail one is allow ing some people to be out without paying any bail at all and then, in some of the most violent instances, they are still getting a bail amount especially here in new york, but here is the thing this is where the bail bondsmen come in. some of them are now taking as

little as 2% from clients and allowing them to post their bond and be back on the street and in the public. part of the problem is a shrink ing client pool because less people are requiring bail money, which means companies are eager for those clients. in texas some are actually accusing bondsmen for capitalizing on violent crime and lobbying lawmakers in their favor. as an example here in new york a 16-year-old up and coming rapper charged with shooting an nypd cop in the bronx is walking free on bond thanks to bondsmen star ira judelson who specializing in getting celebrity clients out of jail. a defense attorney explains the system as a whole needs reform. you can't just change one part and leave the rest. >> i don't necessarily have a problem with him making bail. what i have a problem with is the lack of supervision while he's out on bail, so in the federal system he be basically under home arrest and be wearing a electronic ankle bracelet. you don't have that in the state

system. reporter: yeah, you don't have that so that 16-year-old is out on bond, out on the streets. we did reach out to the bondsmen about the client and the case and have not received comment yet. stuart? stuart: thanks very much, madison. president biden visits new york city thursday, of this week. he's going to discuss rising crime with the new mayor, eric adams. lawrence jones is with me now. lawrence? the president, i think, is going to just blame guns, is that whole problem here? lawrence: no it's defund the police. it is the new criminal justice system that says everyone should be out of jail. i mean, this is just lunacy. what happened to those two cops a week ago was not only tragic, but it is bringing new york to its knees. i mean, the sea of blue that you saw and what people aren't talking about now, detective riv era was one of the best and he wanted to help change the relationship between the police and the community. stuart: yup. lawrence: the guy didn't just shoot him.

he waited until him and his partner were down on the ground and leaned on top of them and shot him again to finish him off i mean, we're dealing with time where there's no respect for law enforcement by the way it's not just in new york. i was in houston last week recording a story where a mother her daughter was shot 22 times. the gunman is already out on the street right down the street , as i'm having this conversation my team let me know, three cops were shot at right down the street. i mean, there's just no respect, there's no fear, and there is more rights for the criminal than the victim. stuart: are you seeing, you travel all across the country. lawrence: all across the country stuart: that's what you do. are you seeing ambushes? cops deliberately ambushed and shot and killed? lawrence: it's reflective in the numbers it's the highest- ever, and it goes to show that they have the messaging to support this. we're living in an anti-cop time and we're having legitimate

conversations when civil liberties are violated but we moved away from this , stuart. we moved to all cops are bad. all criminals should be released out of jail. i mean, i've gotta tell you that is a recipe for disaster. stuart: sure. lawrence: stuart we tried the social justice way for two years and we're witnessing what's happening. you said that you wanted the cop s to give people more space, you didn't want their head on a swivel and now we have total anarchy in america. it's not just new york city it's halling all across the country, and progressive cities and the president is coming here, why aren't you at the cop's funeral, sending a message to let the public know. you shoot a cop, you go after a cop, you're going to be held accountable to the fullest extent of the law. you're going to meet about the gun the tool that the criminal is using it's just nonsense. stuart: you have a valuable new show which i'd like to recommend to our audience don't miss lawrence jones cross-country,

saturday 10 p.m. he does exactly the same thing on saturday at 1t did for us now, thank you very much. lawrence: now that's a promo. stuart: you like that? lawrence: you promo it like that your audience is going to come now. stuart: [laughter] i'll charge you for it too, thank you very much. a new york city actress took to social media to rant about the street closures for the funeral of the nypd officer jason rivera. did she get fired? lauren: she did. the company publicly fired her after she posted this tik tok during jason rivera's funeral. >> do not need to shutdown most of lower manhattan because one cop died for probably doing his job incorrectly. they kill p employee who are under 22 every single day for every reason and they don't shutdown the city for them. lauren: the condemnation from not just her employ, but the police force, new york city residents it was swift. i'm being optimistic here.

i think this suggests we've turned the corner on anti-police rhetoric and the rise in crime that came with us. i mean, she was attacked from all corners after that post. stuart: i'm glad to hear it and maybe you're right. maybe we've reached the high point of it. lauren: i hope so. stuart: we all do hope so, we do let's bring have a look at the futures again, please monday morning you'll want to know how the market starts out the new week. down for the dow, slightly higher for the nasdaq, and we'll be back. >> ♪ it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off.

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stuart: three minutes until the opening of the market red ink for the dow and the s&p, small amount of green for the nasdaq. keith fitz joins us this morning keith the nasdaq is down 12% in january. the s&p is down about 7% in january. i'm not going to i don't care whether that's a correction or otherwise, is the selling just about over? >> you know, that's a tough call. we saw what i thought was going to be the case, everybody re bounded on apple's earnings they came into the party, but

now the question is whether it sticks. i think the fed is going to be the next point of concern, so unfortunately, i think we've got some pretty ugly thousand point days ahead of us. stuart: thousand point? okay that means they could be down 600 and you close up 400, that be a thousand point? >> big swings, right. stuart: now that's volatility for sure. tomorrow, google reports, wednesday it's facebook, thursday it's amazon. depending upon what they report, could they put a floor under this market the way i think microsoft and apple did last week? >> you know, google is the one to watch here, because facebook is going to be all fantasy island and what's going to happen with the metaverse, split it between apps and reall it and amazon is under pressure because people, you know the company is losing at decelerating revenue growth and it's questionably moving away from retail space into lots of things people don't yet understand but google on the other hand got advertising, medical tech lots of other things that arguably are growing 30, 40, 50% a year in terms of

business segment so that to me if any of them are going to be the floor, is going to be the one. stuart: you don't sound too keen on this floor idea. you don't think there is a floor yet do you? >> no, i don't, stuart. i mean again, i've been doing this a long time. the psychology changed a few weeks ago. now, that said, am i negative about the market? absolutely not, because these companies are going to change their world and move forward. i'm an optimist you know that so what i'm going to do is look to these thousand-point swings like a viking at a buffet. what do i want to eat? it's google this week. stuart: morgan stanley says that they will be sellers of any rally. that sums up a lot of the feelings of a lot of investors i think. you get a rally and you sell into it. are you doing that? >> well, [laughter] you gotta take those guys with a grain of salt, right? you got to do what wall street does not what they say. they have a long history of doing things that are absolutely a 180 from what investors should be doing so it's not uncommon and i'm not saying this is happening in this instance but it's not uncommon for a major

wall street sell-side analyst firm to say buy when they are selling. and the company you got to make your own decisions, not a decision based on something after the fact. stuart: all right, i may or may not report what morgan stanley is saying again. keith, see you later. >> [opening bell ringing] stuart: we're about to start trading on monday, january 31. goodbye january, it was a very tough month for investors and that's a fact. you can see from your screens we have started trading right from the start we're just a little bit lower for the dow, down 160 as we speak, but remember, friday afternoon the last two hours, there was an enormous rally, one of the best rallies in months actually, so a little bit of a pullback from that level at least for the dow industrials how about the s&p 500 minor leagues pullback there just .12% that's not much selling and the nasdaq composite i don't think there's much selling at all actually a slight gain, one-third of 1% higher and

big tech's probably doing well let's check microsoft, apple, alphabet, amazon up meta ever so sightly down. let's get to tesla. i'm always intrigued by tesla, and so is susan li, who joins us now. it's down what, 20% so far this year, susan. who said buy that dip? reporter: it's 20% down from its peak, so that's what we call a bear market and credit suisse says look, it's overweight to them still. you could get 20% back, and it's worth 10.25 now we did see tesla going sub-800 last week and that sell-off at one point, and now it's sub-1 trillion when it comes to market cap. credit sus that's too cheap, overdone and the stock should be round because of strong margins and software innovation will boost car sales and profit and you know whose giving a vote of confidence to tesla? cathie wood by another $28 million in tesla last week.

stuart: oh, cathie wood, the ar k fund, right? it got really depressed. reporter: the last two years, yes. stuart: what's she saying now is she saying buy it? what's she saying? reporter: yeah well that's what she's saying but in fact if you think about it, you know, her ar k innovation fund, the vu lchers have been circling with her flagship etf down around 27% so for this month down 50% the past year but you also have a vote of confidence for people who have been putting into her funds $168 million worth buying in last week so that takes the total to the ark innovation of assets to $11.8 billion, so she's been buying not only into tesla but she bought robinhood as well, 2 million shares when it went sub-$10 last week. robinhood had one of the wildest sessions it actually rallied into the close on friday with that best day for the s&p by the way, since june 2020.

stuart: i've got two companies, stocks, that citigroup apparently likes. netflix and spotify both of them nicely higher today, what more do we know about this? reporter: and by the way, you know, cathie wood owns a lot of spotify stock, and she's stick ing with it, so citi is upgrading what they call subscription tech including spotify, netflix, citi argues it's actually with their pricing power and growing subscription numbers, netflix to them is worth 450, spotify is worth 240. now, just of course to get into spotify itself with the joe rogan controversy and neil young , et cetera, down 26% so far this year, that's even worse than the nasdaq performance which is heading for its worst january ever and as you mentioned the nasdaq is down 12% so you can imagine there's been more flight over joe rogan, the controversy, wall street doesn't like any bad headlines, and on netflix, you had the opposite happening over the weekend, with reed hastings,

ceo founder, buying $20 million worth of netflix because it just is trading multi-year lows because of that poor start to the year with the forecasting. stuart: you know, citrix systems it's a software maker. reporter: do you know citrix? stuart: i do. i bought that thing back in the 1990s and early part as they say, but i thought they were going to be taken private is that going to happen? reporter: which they are so they confirmed that $16.5 billion buy out by elliott management, vista equity, $104 million a share and it's an opta competitor which you use so it helps you launch securely and it's always interesting when the bid is legs than what wall street expected which is usually the opposite that happens so that's why the stock is down less than 105 i guess wall street had hoped for. stuart: okay how about beyond meat always a favorite company of mine. what on earth is going on up 6% today what's the story? reporter: i wonder why it's one of your favorite stocks, okay so

double upgrade rare from barclay s to overweight, from underweight, worth $80 to them, this is a pretty aggressive, you know barclays being said there are more positives than negative s despite the non-meat competition out there including impossible, and they say that beyond's partnerships with restaurant chains like mcdonald's gives them a lead especially in international for now but beyond meat, the stock is down 68% the past year, and remember the few months after its ipo was trading in the hundreds? no longer. stuart: yeah, that's a chart tells the entire story, long decline right there. here we go, bed, bath and beyond , another company which i know something about. what's this about? they tried to declutter during covid. what's declutter? reporter: meaning that it's pretty stupid strategy, some would argue that strategy at least during covid because that resulted in $100 million less sales during the all-important holiday period so what they were trying to do was i guess bring

down the number of products in the stores and then push their own private labels, but you know , bed, bath and beyond is really paying for this type of strategy, it's down about 50% over the past year. stuart: okay, last one for you. we have let's see , nasdaq is down what 12% just in the month of january. i can't remember another month where nasdaq performed so badly is that the worst in what? decades? reporter: well, that's right. so it's the worst month since 2008 for them, worst january- ever and i just want to note breaking news that came out you were talking about goldman sachs with keith fitzgerald, goldman sachs just brought down their gdp forecast for this year to 3.2% that's down for that 3.8 % they had initially forecast the reason? they don't expect much more stimulus coming from washington d.c., so forget about the build back better plan. stuart: okay, i'm glad we got that in because that is important. susan thanks a lot we'll see you a bit later. take a look at the dow winners

top of the list is now boeing, doing well today. walt disney is in there as well, s&p 500, the winners top of that list we have netflix doing well, that's a 5% gain, back of $400 per share and the nasdaq composite top there is netflix again, tesla is number two, so you've got some big names at the top of those lists. look at at this. thousands turning out in canada to support the freedom convoy of truckers and they are protesting vaccine mandates. some truckers say they won't move until mandates are over turned. many of the woke politicians pushing for student loans to be canceled have thousands in student debt themselves. aoc owes as much as 50,000, fellow squad member jamal bowman is in the hole for $250,000. the new covid variant is more contagious than omicron and has already spread to half the country, but does it show that these variants are getting

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stuart: nearly 97,000 new covid cases were reported in the u.s. yesterday. 97,000. that is way down from the record -highs earlier this month. jonathan serrie in atlanta. jonathan, i know a lot of people getting covid twice so there's no in tune it. >> yeah, especially with omicron it seems like there's a trade-off and there's some research to back this up. most people who get omicron are having relatively mild infection s but there are some studies out of california awaiting peer review that

suggest that these mild omicron infections may not produce enough of an immune response to protect yourself against omicron reinfection. additionally the researchers write, taken together, our results sit that omicron-induced immunity may not be sufficient to prevent infection from another, more pathogenic variant should it emerge in the future. the studies suggest vaccine boosters are needed to enhance immunity to protect against current and future variants. both pfizer and moderna have begun clinical trials of booster shots specifically targeting omicron. researchers are also looking at ways to combine vaccines in hopes that making them more convenient will encourage more people to get them. >> if i had to say now i would say we will get to a point of a yearly vaccine that combines, for example, covid and flu vaccines in a single shot.

reporter: covid cases and hospitalizations continue to decline in the u.s.. mayo clinic models predict a steep drop in cases followed by several months of relative calm, but experts warn the coronavirus is likely to return. >> the virus will continue to evolve, for example, we're already seeing news of a new variant the omicron va .2 and our immunity is going to wane, and we have to take boosting seriously if we want any chance of putting covid behind us. reporter: but right now, fewer than half of eligible americans have received covid boosters. stuart back to you. stuart: jonathan serrie in atlanta thank you, the latest covid variant is much more contagious than omicron, dr. siegel is with us this morning. my question though is, okay, they are more contagious, but are these variants getting weaker? >> well, stuart, good morning. the omicron variant is clearly weaker than delta, and that's a good thing and now, the va .2

is actually spreading one and a half times faster which means it will cause a blanket of immunity and other researchers haven't concluded the study that jonathan serrie just pointed out which is that omicron immunity should protect you against omicron, at least. what it won't protect you against necessarily is another variant coming along, but we're seeing slowdown, especially in the northeast here, and we're seeing it in the united kingdom and we saw it in south africa and i walked to wasila jasat last night from south africa and they are out of the woods there and the thing we're not doing is learning to live with this and omicron is a way to learn to live with it and a way to say okay, what can we do, and as jonathan serrie just said we can take the vaccine. stuart we've taken the vaccine way less than europe is and its led to twice as many hospitalizations here in the united states. we have to get vaccinated, we have to get boosted, and then we have to move on with our lives before we have nothing left. stuart: okay, we've got the former fda commissioner saying that children under the

age of five cobble inable to get the jab in early march. you're talking about the spread of vaccination that you want everybody to be vaccinated but i could see a great deal of parental resistance to vaccinating kids under five, how about you? >> well, i think parents are going to say what about adults? you have a 63% vaccination rate in the united states. if adults aren't getting vaccinated, why should my young child and i have an answer for them. first of all, it's a much- smaller dose. second of all we have an obesity epidemic in the united states and those are higher risk and yes kids do get sick and yes i'm more afraid of the virus than i am of the vaccine, even for kids they tend to get a much milder case. i don't want kids taking it because adults refuse, stuart that's my point here, but i think parents should make that decision in conjunction with their pediatrician, not with the government, and that's the key here, is the bullying that has gotten to people. i like this vaccine for kids. i like all vaccines for kids but

especially for adults at high risk groups first and then kids in high-risk groups second. stuart: now, i'm going to editorialize in about 15-20 minutes saying look, end the mask mandates. end the vaxx mandates, are you with me? >> i'm certainly with you on the mask mandates, i think they've never made any sense and they make less sense now with a widely-spreading variant that's going to spread anyway and you know people are not wearing these masks properly, they are hanging off their face so the mask mandates are ridiculous the vaccine mandates i'm against them too, almost across-the-board. i have certainly exceptions, but what i want to point out with the vaccine mandates and i said this over the weekend about the canada truckers, is like what alternatives are you offer ing people? you know, why don't you count immunity from infection, natural immunity? why don't you use rapid testing? it's the rigidity of the mandates that really bother me. i want there to be options. i get the idea of public safety, but the vaccines don't work well

enough for that anyway, so almost across-the-board i'm against the mandates. i want there to be options on how a company can look at this besides just vaccine mandates. stuart: well-said doctor i'm with you all the way, dr. siegel thank you very much for being here we will see you again soon. thanks a lot. >> always great thanks, stuart. stuart: there are some companies which are rolling back vaccine mandates; however, t-mobile is not one of them. what did they say to their employees? lauren: they are telling their corporate workers you must be fully vaccinated or you will be fired april 2. this is not applied to the in- store, the retail workers. it also doesn't apply to the field techs, and it came after the supreme court voted down vaccine mandates for large public and private corporations, so i thought that was a little bit surprising, but we have seen some of the other big companies especially out in california the tech companies saying yeah, you've got to be vaccinated. stuart: yes there is that trend, lawrence, thanks very much indeed. oh, wait this is for you. kanye west is planning to tour australia, but i think he's only

had one jab, so what does that mean for him? lauren: clearly, he won't be able to perform in australia. look at what just happened with gnovak djkovich, the message is loud and clear if you're not fully vaccinated, you're not welcome in australia, maybe we'll get news on his vaccination status, the report says he has one job and he also lives in california so if he wants to do anything i'd imagine he's vaccinated. stuart: okay, well let's see how that shakes out. here is what's coming up on the show. apple adds the pregnant man emoji to its latest software update begging the question, how woke is too woke? what kind of leverage does china have over our president? peter schweitzer says chinese elites paid hunter and the rest of the family $31 million and peter strzok here breaking that down for the connection. >> ♪ there's no exception to

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stuart: government handouts are coming to an end will that push people back to work? grady trimble joins us from long grove, illinois. i guess businesses are worried that people have become too reliant on government these days , grady? reporter: they are, stu, and they are still having a heck of a time finding employees we're at joanie's pizza in long grove, but several other business in town and you have so few employees at all those businesses that you're actually shuffling people around to try to stay open. >> no, absolutely. what we've done is cross-trained my head chef over at chatterbox, comes over here and helps us, and we have the bartenders moving back and forth. it's so tough right now. reporter: what do you think the main factors are, because we've seen reports that 22% of americans personal income came from the government last year, whether it was through social security but also other things like the child tax credit, stimulus checks. that has to be playing a role, right? >> oh, absolutely, absolutely.

i think they are still getting government-funded money. we're doing everything we can, giving them more money, giving them 401 (k), giving them health insurance, and we're still, you know, trying and not getting anybody. reporter: so what's 2022 hold? do you think there's any signs of improvement now that the funding has ended for a lot of those programs? >> i sure hope so. we do see a little blip where some people are starting to come out, and want to work, but like i told you, i had to pull a buddy that was in retirement to come and help. i'm like please, scott, come and help me, so he's actually here managing the restaurant for me. reporter: so stu, that's the state of the labor market for small businesses here in long grove, but i think that's a microcosm of what's going on across the country. they just cannot find workers, still. stuart: you got that right. grady trimble in illinois. thanks very much, grady. back to you later. check those markets we've been open for what 25 minutes. the dow is down 86 but look at

that nasdaq go. now that's a rally right there. up 1.27%. still ahead, steve forbes ambassador curt volcker, and kt mcfarland and peter schweizer, "varney" is next. ♪ . .

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edward jones ♪. stuart: i like the rhythm of this song, gets me going at 10:00. lauren: pointer sisters all the time. stuart: good morn, everyone, it is 10:00 eastern. straight to the money. i want you to pay attention to the nasdaq. look at it go. it is up 1.3%, getting close to almost 14,000 again the way it was most of last year. big tech doing well. can tell that from the nasdaq. look at these numbers. they're all going up. microsoft, alphabet google is down this morning. only one of the big techs down. 10-year treasury yield has gone back to 1.8%. big tech won't like that. bitcoin, at 36,000. 37,000. stablizeing 7,000 bucks per

coin. now this. things have reached a boiling point at our southern border. you wouldn't know that if you get your news from the left-wing media but if you watch fox, you understand the magnitude of this real crisis. last week we brought you video of secret flights carrying illegals from the border to cities all across the country that is the government aiding and abetting illegal migration. that is against the law. over the weekend fox obtained video of border patrol chief raul ortiz addressing his agents. he faced a revolt. watch this. >> we don't give up. we stay focused. we continue to do the job and the vision mission we signed up more. we all signed up for, we all raised our hands. >> kind of hard to say that. >> defend the constitution. >> it is not hard to say. it may be hard for to you say this. i've been doing this 31 years. it is not hard for me to say it. every day i wake up i'm

committed to this organization and i'm committed to each one of y'all. >> seems like the -- >> defend our country. >> you're getting bogged down in the policies. >> can't say illegal aliens. >> what's that? >> that is why chief left. >> get caught up in semantics, right? there is a mission out there. there is a mission. i've been doing this job as long as y'all. >> that ask the problem. >> that is the problem, chief. good men do nothing. >> evil to true i am, good men doing nothing. that is what is happening here. good men are doing nothing. you're allowing illegal aliens. stuart: that says it all, unprecedented for senior official like ortiz to face that open hostility. this morning we learned the border patrol apprehended 2,000 russians in december. they were part of the biggest monthly migrant surge since

october, 2019 this, is biden's crisis. he has not stopped the migrant flow. the secret flights have been exposed. dhs leadership lost the confidence of border patrol agents. fentanyl kills thousands and keeps flowing. the democrats thought an open border would bring them more votes. they got it completely wrong. second hour of "varney" just getting started. ♪. stuart: lease zoo booth, welcome back. good to see you again. >> hi, stuart, nice to see you. stuart: i think you heard what i just had to say. let me add this, surely this hurts the democrats in november. it is one of the major crises that biden is facing but not facing. what do you say? >> i mean what a mess, right, stuart? this is wrong. we all know this to be wrong. i think joe biden should be impeached over this. why should we as taxpayers be on

the hook for this illegal activity? why is he putting citizens across the country in cities, in areas, at risk, by shipping people who are unvetted to these cities? why is he undercutting jobs, undercutting wages for americans at a time the government already crushed economy. the government created inflation, not because of covid you about policies and decisions and lawmakers and politicians have made? whatwhat isp happening is wrong. every state should follow florida's lead, what governor desantis is trying to do freedom first budget, allocated $8 million to send immigrants to delaware. if joe biden wants to do that, send them to places like delaware, joe biden's home state. stuart: nice idea, i don't think that will happen. lisa, look at this, a new "abc news poll," 76% want biden to consider all possible supreme

court nominees. lisa that is the opposite, he will only consider a black woman. he is engaging in identity politics, isn't he? >> yeah. look this is pandering at its worst from joe biden but what do you expect from a guy who said you're not black if you don't vote for me. this is to be expected from joe biden. these kind of ideas, this is how you get someone like kamala harris. when joe biden chose a vice president, he said it would be a black woman. didn't matter anything else. those are the qualifications he was looking for. kamala harris has done something in her past, she was a senator, attorney general of california, she certainly accomplished things in her life. she is not fit for the vice president role. we're seeing that now, all the policy things she is in charge of have failed. look at border we just discussed. he didn't find the best candidate for the job. i am sure he wished he picked a vice president that was likeable. her own party rejected her.

i bet he wished he would have picked someone that role better as his administration is floundering the both he and kamala harris are underwater. how offensive is it for eventual nominee reduce immutable characteristics versus accomplishments they put out through their lives? stuart: that is a very good point, actually. what about the person eventually -- >> i make them occasionally. stuart: that is a good one. lisa, great to have you on the show again. >> thank you, stuart. take care. stuart: you got it. look at amazon, a very nice gain at the moment, up 1.3%. still shy of $3,000 per share however. jeff sica is with us. he follows amazon. jeff, i got to tell you one of our guests on the program last week, mark mahaney, he says amazon will go to 3400 bucks by the end of the year. that is way up where it is now. i don't think you agree with

that, do you? you tell me, what is wrong with amazon and how far down is it going? >> a lot of people think it will go to 4,000 because a lot of people are just, are just giddy over their revenue number which is over $135 billion annually amazon does close to $400 billion in revenue the reason why i don't share that gentleman's opinion is because amazon operates on very low margins. the reason why it declined as much as it did was because of a number called free cash flow. basically means the money they have to spend in order to achieve the earnings that they achieve. that number has been contracting and now what amazon is facing on thursday is they're facing that they have to, they have to step forward and essentially tell the investment world what they anticipate the effects of higher labor costs and inflation are

going to be on their margins. so i think amazon, that i liked for a lot of years, stuart, as you know. i think amazon is headed for a tough time. i think the easy money has been made in this stock. stuart: last week microsoft and apple both reported. both had very strong reports, no question about it. some would say they helped put a floor under the nasdaq. what do you make about this week's earnings, from google, facebook and amazon? you don't think it will do a floor under the market? >> no. i think, stuart, last week with apple and microsoft, those numbers blew up, let the air back. they were spectacular. now what we have with facebook, with google, and amazon reporting this week is we have three companies that are facing challenges. now you take google. google has to show that they're

transitioning to more cloud based revenue. and then facebook, metaverse has to show that this gamble that they're making on augmented reality and virtual reality is paying off. so i think that we have seen the best earnings out of tech that we're going to see. now we're going to see earnings that are going to be challenging and keep in mind, it is not so much the number they report. it is what they say in their conference call. what you're going to have is very uncertain environment with inflation being at a 40-year high with everything going on geopolitically, these companies are not going to step out of their, and say that things are peachy keen in the future. they will step out and say there is not a lot of transparency and they're worried. stuart: we consider ourself warned, jeff sica, good stuff. see you again soon, jeff. thank you very much indeed.

right, we're back to the movers, which stocks are moving this morning. the answer, visa is down 2%. you have the story. lauren: one of the biggest losers on the dow up 10% on friday. strong earnings, strong outlook, they also saw international travel pick up. that was a good sign. some momentum is coming out today. this isn't a downgrade. barclays raised their price target. 265, they see up side from here. kellogg. stuart: cereals. lauren: serial sales are soft. bmo cut them to underperform given 70-dollar price target. they see the supply chain a problem some time and the strike. kellogg down 4% as a result. stuart: walgreen's. lauren: they have started sales process for the boots drugstore in the uk. private equity groups ink concluding sycamore partners are considering bids.

boots at some point would ipo. they're figuring out what to do with it. stuart: boots the chemist on every street corner in england. they're not called pharmacies. they're called chemist shops. boots was the leading guy. walgreens bought them some years ago. lauren, been a tough year. let's talk cathie wood. arc innovation etf real tough year for her. lauren: i know. down 2%. not including today. that was more than double nasdaq losses. this past week investors put in $168 million, that is vote of confidence for the bets she makes. many of those bets are disasters. roku, they're down 50% from their reese highs. we said in the last hour, she bought 2million shares of tesla on thursday. 31 million worth of robinhood on friday. she is doubling down in some

cases on popular bets that were popular in their heyday. bad start to this year, people say she is on to something. stuart: brave lady. thanks, lauren. joe rogan responding to claim that his podcast promotes covid misinformation. roll tape. >> i'm not trying to promote misinformation. i'm not trying to be controversial. i never tried to do anything with this podcast other than just talk to people. stuart: we'll bring you the latest on that for sure. most americans believe president biden is not doing a good job handling inflation. we'll give you his troubling numbers. what's the risk to vladmir putin if he does invade ukraine? resistance? sanctions? who knows. i will ask kt mcfarland what happens if he does move in? ♪. at vanguard, you're more than just an investor, you're an owner

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♪. stuart: all right. the pentagon says russia could invade ukraine at any moment, anytime is the actual wording. let's go to kyiv, the ukrainian capital where going greg palkot is with us. you spent the day with training. tell us what you saw. reporter: continuing russia buildup is a concerning development. latest word on that foxconn firmed along with troops they are bringing medical units and blood supplies close to the ukrainian border, not something a country usually does if it just conducts exercises as it claims. russia now, 130,000 soldiers encircling ukraine. we caught up with some folks here not taking any chances. take a look. about an hour outside of kyiv,

these civilians are gathered. they could be going to a shopping mall. instead they're learning basics of combat in the event of a russian invasion. men, women, even children going through the basics. obstacle courses combat first aid, attack awareness. military staffers, veterans fighting in eastern ukraine are the instructors. russia out numbers ukraine in troops five to one. tanks, planes, more than that don't tell that to these people. take a listen. >> only one place where i can be right now. it is the only place where all of us should be. reporter: what do you think about russia? >> enemy. russia is enemy. reporter: enemy. >> yeah. >> we must win. we must win for our children, for, our parents, our friends, for our future. reporter: these sessions used to be just on the weekend but with the russian buildup accelerating

we're told they're running daily. we asked an organizer, a veteran of fighting russian-backed separatists, can they beat the russians? she replied, we dream of it. stuart? stuart: greg palkot in kyiv. thank you, greg. with me now, kt mcfarland. the union security coins will meet about the ukraine situation. we just heard that china's u.n. ambassador says he will vote against a public meeting. what was the significance of that? >> i think it is very significant. because two key players in this, not really the united states or even ukraine. it is germany and it's china because china has basically said, look, ukraine, we don't really care. russia, we believe you have the right to have your territory include historic russian nations like ukraine and we are going to help you to do that. that is an exchange for what the chinese are going to expect down the road which is the chinese

will say the same thing about tie wage. taiwan is historically part of china. so therefore we want, we want taiwan to come under the chinese fold. so the two of them are in cahoots. i mean they're helping each other get what they want which is expanded territory. stuart: the ukrainian ambassador, markova, warning of the i amablycations of the russian invasion. watch this, please. roll it. >> i believe nobody is safe if ukraine will be attacked. we're sovereign, we want to be sovereign. we're fighting for our independence. if ukraine will be further attacked by russia, of course they will not stop after ukraine. stuart: that is what happens in ukraine if the russians invade but what about putin? surely he risks a lot by invading, doesn't he? hit with sanctions. locals could give him a very hard time. he has risks too, doesn't he?

>> i don't think the sanctions will be tough enough. we've already sanctioned about as much as we could. the only sanctions that would matter if the russians were not allowed to sell their oil and natural gas to europe and that is not going to happen. europe depends on russian oil and natural gas. as far as kicking the russia out of the swift, world banking system, that will not happen either. german, kickback from europe. what is putin up to here? he is put down, he has all the leverage, he made a lot of threats. wants nato to roll back. the russians said nato to roll back. germans, only country that really matters in this circumstance, the germans are sitting on the sidelines. they will not fight for ukraine. they will not give weapons to ukraine. they will ukraine be on its own. ukraine is not a nato member, but they're not obliged to help ukraine. the question is, what is the ukrainian foreign minister saying, what is next? will putin be satisfied with

ukraine? will he move on to other countries that used to be part of greater russia. three small baltic countries, i've been to the border. russia could take that in a day. what would happen? he would present nato with a fait accompli. where will germany be? will germany endanger its energy over another fight with russia? will nato be fractured? i think this is so much bigger than just ukraine. it is nato, it is china. it is really the globe. stuart: in your opinion do you think putin will invade? >> no. i don't think he has to. i don't think he wants to for the reasons you pointed out t could be messy. it could be protracted. he could lose world public opinion. i think what he does, got all the leverage he needs. he already gotten the germans to say they don't want anything in this fight. i think he force as coup in ukraine. a new leader comes into kyiv,

pro-russian and basically under russia's domination. that is the solution that russia would like. frankly it's a solution a lot of europeans would like. it gets everybody out of the hot seat. stuart: not a good ending though is it? not a good ending? >> not a good ending for ukraine. stuart: kt, fascinating, thanks for joining us. we'll see you real soon. thank you. >> thank you. stuart: the uk, the brits say they will deploy troops across europe. i'm not sure what that means actually. good morning to you, ashley. you got the story, do we know when, how many, and where these troops are going? ashley: not exactly. good morning, stu. they could go within possibly a week. the uk could send hundreds of troops we're told to bolster allied forces in eastern europe. the offer the uk is considering making to other nato members would double, we're told, the number of british troops deployed in eastern europe and also send defensive weapons to estonia. uk prime minister boris johnson says any deployment would send a

clear message to the kremlin as russia continues to deny having any plan to invade ukraine despite amassing of course more than 100,000 troops on the ukrainian border. johnson has said any russian incursion into ukraine would be a disaster he says for the world. there are also reports that the pm is planning to visit russia and talk to russia president putin over the phone in an effort to prevent an invasion. so the uk pledging some help to eastern europe. stuart: neighbors bores trying to get out of some political difficulties at home, maybe. ashley: distraction. stuart: distraction. ash, talk to you again later. the "squad" keeps pushing for student loan debt cancellation but new documents reveal that collectively they owe around $400,000 in student loans, the "squad" wants to cancel their own debt. we got a report. in less than four decades federal spending has increased

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stuart: look at nasdaq go. look at it, we're up 239 points on nasdaq. up 1.7%. clearly a recovery in tech most of those stocks today. lauren is with us, novavax, saw it going straight up on friday. lauren: 14% on friday. 10% today. their vaccine for covid-19 is cleared in about 170 countries. not the u.s. yet, not israel. israil agreed to buy the vaccines even though not approved there they have bout five million doses. they have the ability to five million more. that is win shore fair shoulders. stuart: smile direct club a lot in the covid era. up four 1/2. 252 per share. lauren: it is still such a cheap stock. they have gotten crushed since their 2019 ipo but

morgan stanley basically says, enough is enough. they have reset their sales expectations. they do see a profit by 2025. sounds like a big gain, 4 1/2% is nothing on a 2.50 stock. stuart: tell us about the elevator people, otis. up 2 1/2%. lauren: they grewe sales in new equipment and services in the last quarter. the full year outlook, that was below forecast but investors clearly seeing the positive today. stuart: okay. quite a few stocks, very much in the green today, like to see that. new abc poll shows voters are giving president biden thumbs down on inflation. give us the rest of the numbers ashley, please. ashley: stu, big thumbs down frankly on numerous issues. according to the "abc/ipsos poll," 69% believe the president is bungling tackling the job of inflation. only 29% approve, not only just inflation. americans give biden low marks for a handling of the economy

where 56% disapprove. crime, with a 64% disapproval rate. 56% approve the way he is handling the crisis in russia and sinking poll numbers are broad-based. look at this, biden has lost 15 points with democrats from 97% to 82%. 24% with republicans from 40 to 16%. perhaps crucially, a 17 point drop with independents. 70% down to 53%. to sum it all up, not good at all. stuart: i just wonder what abc will do with that? will they high-profile on the evening news tonight or will they drop it down to the -- who knows. ashley: drop it down if they do it at all. stuart: thanks, ashley, later. we all feel the effects of 40-year high inflation. some parts of the country hit harder than others. hillary vaughn on capitol hill. is inflation worse, say in battleground states?

reporter: stuart, it is. a lot of battleground states have key senate races democrats need to keep in 2022 to keep control of congress. take a look at this map. the states in red, orange, and yellow where inflation are the highest right now that includes states with key competitive midterm races in arizona, georgia, nevada. these races could be a factor in whether or not democrats keep control of congress. these top states right now though are seeing the highest inflation rates in all of the u.s., well above 7% in higher prices. economists say the reason behind this difference what you're seeing in the coastal states and what you're seeing in rural america is a lot of these states have work from home options, mass transportation. they are paying high gas prices to go to work as many in other states have to. big cities have more inventory in terms of housing and grocery stores. so that benefits big cities to slightly keep prices down. but supply change issues are playing into all of this too.

we talked to an economist who tells us the supply chain problems were aggravated because of easy cash in the form of stimulus checks handed out by the biden administration. professor of economics at nyu sterns school of business, telling fox business this, the handout of the government, the amount of money that the government gave out to people during the last year that created inflation. that created the supply chain issues. the supply chain issues would have been totally minor if people didn't have too much money in their pockets. stuart even though there is a slight difference between what you're seeing on the coast versus what you're seeing in middle america, overall, states are still seeing at least well above 5% inflation rates around the country that will impact the midterms no matter what. stuart? stuart: sure is. hillary, thanks very much indeed. see you again later. look at this, a fox news op-ed. it is called most dangerous virus, question mark? biden's runaway government spending. the author of that piece is

stephen moore who joins us now. make the case, inflation more dangerous than covid. go ahead. >> well look, if you, do you know how much money we've spent so far on covid in washington? , stuart, you want to take a guess? >> stuart, i will take a guess i say at least two trillion. >> oh, way more than that. if you add up all of the stimulus spending, all of the health care spending closer to five trillion dollars. i'm calling this the biggest epic failure of government perhaps american history in terms of the cost. absolutely yes, stuart, it is this run away spending that is fanning flames of inflation. no yes about it. when you have the government spending five trillion dollars, borrowing five trillion dollars, mostly paying for that by printing money, guess what? that will cause epic inflation as we have right now. and there is no signs, by the way, stuart, that the situation is getting any better. i talked on friday to one of the

leading grocers in america, who owns grocery stores around the northeast. his prediction, stuart, was that over the next six months, food prices will rise by 20 to 25%. stuart: what? that's unprecedented. i mean -- >> right. stuart: is that just because there is mountain of money flooding into the economy? surely has something to do with the supply chain, all the rest of it. >> stuart, his explanation was, they cannot get the food in the grocery stores. they cannot stock the shelves of the stores. anytime you have a supply problem like that where you have a shortage of supply the price goes up. now he does think by the second half of the year this inflation will abate but this will cause, if he is anywhere close to being true, think about the implications of that for consumers, especially low income consumers? so inflation problem, the worst is not behind us unfortunately. the fed has to take action. i've complained on your show for nine months the fed should have

been pulling some of the money out of the economy, probably a year ago. and so we have some tough times ahead. stuart: i think we're just beginning to see some significant energy price inflation. >> that is exactly right. stuart: oil close, we're getting close to 90 bucks a barrel. we've got nat-gas around five bucks per million british thermal units. we have gasoline keeps going up. that is happening right now. it gets worse if the weather stays cold. >> exactly right. the home heating bills will, you will get a sticker shock, folks, when you see your home heating bill for january. these costs are going up. when you got near $90 a barrel oil, heating oil costs are going up. that will mean, i think we'll see a bad number for january. but you make such a great point again, stuart. you know, because when you asked why are the prices going up so much for example, in grocery stores, energy is a key component to getting these goods

and services to the shelves. and when energy prices go up everything else goes up in price. so you're right, that is another reason why we're going to see a bump up in food prices as well. folks i hate to tell you this. when you see your electric utility costs and your, and your costs of heating your home, you're going to get a bit of a sticker shock in the next week or two. stuart: i can feel it coming. steve moore, always good, thanks for joining us stephen. >> yes, sir. stuart: even some democrat leaders who supported strict covid restrictions are changing their tune. roll tape. >> we're not going to manage this to zero. we have to learn how to live with this. stuart: okay. there is more where that came from. could we see covid policy changes soon he asks? we'll deal with it. the spotify story. rogan apologizes, roll tape. >> i think there is a lot of people that have a distorted perception of what i do, maybe

based on sound bites or based on headlines of articles that are disparaging. stuart: will that be enough to keep other artists from pulling their music from spotify? we'll deal with that next. ♪. ♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further. ♪♪ it has our back.

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stuart: all right. the dow is down a little bit but look at the nasdaq, going strong, up 200 points that is the main feature of trading today. tech doing well, nasdaq doing well. more artists are leaving spotify. they want joe rogan's podcast gone. they claim he is spreading misinformation about covid. well now rogan is responding to all of this.

ashley, bring us up to speed. what is the latest? ashley: yes, joe rogan speaking out in a video on instagram, that he is not trying to promote misinformation about covid only talk to people who have differing opinions. take a listen. >> i'm interested in telling the truth. i'm interested in finding out what the truth is. i'm not interested in only talking to people that have one perspective. ashley: differing opinions. meantime spotify ceo daniel eck, announced this past weekend that the streaming service will add a content advisory to any podcast episode that includes a discussion about covid. this says in part, the new process to combat misinformation will roll out to countries in the coming days. to our knowledge the content advisory is a first of its kind by a major podcast platform. despite my profile defectors and neil young, joanie mitchell, at that claims the joe rogan

experience podcast is disseminating dangerous and erroneous information about the virus, the streaming platform is holding firm, refusing to remove or censor rogan's podcast. in 2020 spotify paid $100 million for the exclusive rights to the podcast. plus as on searchers pointed out, spotify is not a music company. it's a tech company trying to maximize profits despite peer pressure to drop some of its content. listen to this. >> we've got to support diversity of thought, freedom of speech, whole set of views. right now, when you think about media players out there, everybody is succumbing to different types of peer pressure, not supporting freedom of speech and diversity of thought. ashley: also spotify's popular music service is not profitable. there is a lot riding on popularity of their podcasts. especially joe rogan. year-to-date spotify's stock

down 26%. it hit a 52-week low last week among the controversy. today up 10%. got an upgrade from citigroup to buy. all of that helping the stock very much. in the end neither neil young or joan my mitchell really matter to spotify's business. it is about building a podcast empire with joe rogan generating an estimated 11 million listeners per episode. so that is the latest. stu. stuart: listen to him. freedom of speech is at the heart of this dispute. ashley: exactly. stuart: like so many disputes these days. free speech is where it is at. thousands of people in canada's capital to protest vaccine mandates and lockdowns. they say they're there to stay. how long for? lauren: until the government reverses vaccine mandates. yeah. thousands in the freedom convoy caused a virtual stand still in ottawa over the weekend.

threatening interruptions with people back at work. so much for being the fringe minority as prime minister justin trudeau called them. ironically, look at this. he tweets this morning, i tested positive for covid-19 feeling fine. i will continue to work remotely this week while following public health guidelines. there is the irony of the situation. stuart: didn't he rant against the truckers, they have unacceptable points of view? interesting. lauren: calls them a fringe minority. and many of them, most of them are vaccinated. they just don't want a mandate. stuart: that is the whole point. no mandate, i'm with them all the way on that. the governor of new jersey is now saying we have to take an endemic approach to covid. what does that mean? lauren: return to normal life, two years of restrictions, changes to what you can and cannot do. and stress. >> we'll not manage this to zero. we have to learn how to live with this. please god there is not another significant wave. every time you get the thing figured out it humbles you. lauren: he seems frustrated.

so do we. he knows that. it is covid, reaction to it, a political problem for new jersey in most every state where the inner governing circle says one thing to keep you safe but to you the constituents are hearing something else and doing something else entirely. people are fed up. stuart: message to governor murphy remove restrictions now. nothing bad happens. lauren: there are so much less in new jersey than they are in new york. stuart: still get rid of them. lauren: it is crazy the difference. they're still a lot in new jersey, compared to new york it is nothing. stuart: here is another one. more companies are implementing a no-jab, no job rule for their employees. we've got the latest on that for you. former president trump suggests he might pardon january the 6th rioters. roll tape. >> if i run and if i win, we will treat those people from january 6 fairly. we will treat them fairly.

if it requires pardons, we will give them pardons. stuart: oh, do we want to go backwards and rehash the 2020 election? we'll talk about that after this ♪.

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♪. stuart: still the outstanding point on the market today is the performance of the nasdaq composite index. it is up nearly 2%. that is a very solid rally putting it back above the 14,000 level. during a rally this weekend former president trump said if he became president again he might pardon the january the 6th rioters. roll that tape. roll it. >> if i run, if i win, we will treat those people from january 6th fairly. we will treat them fairly. [cheering] and if it requires pardons, we will give them pardons because they are being treated so unfairly. stuart: okay. that was the former president. here with me now is herschel walker, super-pac spokesperson, steven lawson.

herschel walker is, running for the senate i believe in the state of georgia. he is very much a trump guy. i'm asking you about your, you are herschel walker's guy. do you want to see us go backwards with president trump saying he might pardon the rioters? he will go back and look again at the election of 2020? do we really want to go backwards in this thing? >> well, stu, that was a very dark day in our country's history but i an assure you herschel walker every republican in this state is solely focused on 2022. what we're seeing with these poll numbers for joe biden in the dumpster are a direct reflection of what is going on in this country. we've got skyrocketing inflation. we've got insane gas prices going on across our state. 158 homicides in atlanta last year alone. crime is up across the state. we've got a huge crisis at the border. herschel walker is someone who can come in on day one and fix those problems.

he can create jobs. he can improve our schools. he can stop the flow of illegal immigration at the border. he can get our country back on track. he is focused on, at 34 and 22. that is holding joe biden and rafael warnock accountable for the disasterous policy decisions going on in washington. stuart: do you want to go back in the 2022 election in which herschel walker is taking part, do you want to go back to reshark the 2020 election? i mean the republican party is split on this. in georgia they are particularly split on this? >> look, think i there are certain irregularities that happened in 2020 in the state but we are looking forward to 2022. as i said we have a lot to talk about. we have again, skyrocketing inflation that is happening across our state. we've got a crisis at the border. we have 10% inflation rate in atlanta alone which is the highest in the country. so on issue after issue,

joe biden and rafael warnock have failed the people of this state and herschel walker is going to win in 2022 because he is running on the issues that everyday georgians care about. stuart: we hear you. stephen lawson, thanks forebeing with us. thanks a lot. >> thanks so much. stuart: the "squad" wants president biden to forgive student loans that includes their own student loans, lauren. lauren: the "squad" owes up to 400,000 in student loan debt. aoc, her number is between 15 and 50,000. the balance for congressman jamaal bowman is up to 250,000. up to 100,000 for representative talib and up to 50 k for ilhan omar. so the president vowed on the campaign trail he would cancel $10,000 in stuart loan debt immediately. last week the members of the senate and house wrote a letter, saying cancel 50,000. he has yet to do something. we'll see what he does. it is popular, especially among young people but is it fair with

all the people who paid their student loans? stuart: if i was a lawmaker i had the option to cancel my own student debt, i might just do it but i wouldn't expect to get reelected. just ahead, brent bozell, steve forbes, former ambassador curt volcker and peter schweizer. in california the people imposing the covid rules are ignore, the covid rules, so why not just change the rules. that is "my take" is next. ♪. for investors who can navigate this landscape, leveraging gold, a strategic and sustainable asset... the path is gilded with the potential for rich returns.

♪ ♪. stuart: 11:00 o'clock eastern time right here in new york city monday january the 31st let's go straight to the markets, plenty of green on the left-hand side of your screen a great late rally friday afternoon continued today especially the nasdaq which is a better than 2% we are seeing some energy price inflation, oil, $87 per barrel and rising and nat gas getting close to $5 per million british

thermal units that is energy price inflation and you will feel it soon. you want to go out to eat in new york city. you have to show proof of vaccination, it depends which part of the city you are talking about upscale areas, yes, show your papers, the poorer parts, not so much for the bureaucrats have lost the top down command the been ignored by large sections of the population they are asking why should they be excluded from normal life just because they didn't get a shot which doesn't save them from omicron anyway. the vaccine passport system is broken down it is not working so throw it out. the same with masking youngsters in school and college it is time to ditch those rules kids are not learning or socializing in their mental health troubles are scandal let parents make the decision masks should be optional in schools and not

mandated which brings us to the state of california where the governor gavin newsom had a grand old time celebrated the l.a. rams going to the super bowl the mayor of san francisco and the mayor of l.a. eric garcetti enjoyed hanging with magic johnson but where were the masks, the people imposing the rules ignore the rules, change the rules, third hour of already just getting started ♪ ♪ look who is here gracing us with his presence none other than todd pryor,. >> merry christmas and a happy new year. stuart: do you agree with me it is time to drop the rules which are being broken left, right and center. >> i do for a couple reasons let's go to the last element the

rules for me not for the crowd we've seen this for two years of the pandemic it is not going to change anytime soon we can make the argument kids in california schools that need to be masked and sit outside but these guys can be an indoor setting that the indoor part of the stadium without masks celebrating it goes beyond that at this point this goes to the first part of your might take, at this point in the pandemic masks and mandates have become rich liberals you mentioned in the poor areas they are not doing masked mandates of the restaurant you want to know why it is not a badge of honor to individuals in those communities. if you go out with your mascot and rich liberal world you're doing the right thing regardless of whether it works or not. stuart: that is very true the complete split of the elites forming the rules and breaking them. i know you're covering this on your show thousands of people

traveled to the capital city to protest trudeau's vaccine mandate for truckers and other public health restrictions, they are standing up for their rights that was a surprisingly growing strong movement in canada. it started out a logic they are in the truck by themselves for hours on end, you cannot give yourself covid, if you have it you have if you don't have it you don't. it made sense but beyond that canada has been more locked down than the united states in many respects it's more of a socialist nation did the united states in many respects and they get grilled by their leaders and told what to do and many more instances than the united states this is an example of them saying enough is enough. stuart: the truckers have arrived in ottawa the canadian capital in destin trudeau has got covid and there vowing to

stay there until the mandates are removed that is a standoff and a half. >> up with the same emphasis of individuals that we were talking about earlier, the rich elite versus the working class trucker not just an american problem or north america this is across the world this is a sea change in how we view each other in our common human experience. stuart: it's only a matter of time that that intent protesting canada comes to the united states. >> we've seen in today's certain extent remember the gym, it was not organized in cross-country but this is in pockets and it was intense. stuart: is different this time around the nation's leaders are the beginning to understand they could not hold it down for long they cannot keep imposing the staff because the locals object. >> no matter what you did everybody got on. stuart: we've been chatting on the set i know people who have

had it three times or twice in been vaccinated, what is going on here. >> time to move on protect yourself, time to move on to get back to normal. stuart: and live with it, because you have to. take a look at this real clear average of polls shows 38% of people approve of president biden's handling of the economy, it is that low 38%, steve forbes joined me now. you think the president deserves more credit than he is getting? >> no i think is getting the proper credit because these ticketed economy ready to roar and put roblox in the way. we have supply-chain shortages and disasters but they made it worse for energy cost that was self-inflicted in the federal reserve in terms of money printing that can explode this year or next year those are self-inflicted wounds and people sensors not firm leadership for vaccine mandate disaster which

kept people out of the workforce it adds up and people don't like what they're seen they're making a tough situation tougher in washington. >> alexandria ocasio-cortez blames corporate america for fueling inflation, this is a quote the real distinction between inflation and price gouging. a lot of these price increases are potentially do just gouging by corporations. do you want to take that on steve forbes? >> were talking about gouging, how about gouging taxpayers on your student debt, will leave that aside and go to her point there is price gouging you made instances of it anytime you have inflation they look for scapegoats i mentioned christians in the roman time they blamed christians in the lamed which is during medieval now they blame price gouging corporation, knows that government policy whether the disasters with the hippo supply chain, printing too much money, spending too much money those

inflicted by the government not by businesses. stuart: the strange thing the squad in the far left members of the democrats, their seats are safe they don't lose this year it's the moderates who will lose this year. it is because of the far left i don't know what is going to happen but it's not a good situation when the far left keeps winning in the moderates lose hands down i think the republicans will win hands down in november. >> republicans will do well in november if they don't find a way to blow it which the party has a tendency to do in the past they should stick to positive issues and constructive criticism but the far left the activists in the democratic party that's why chuck schumer is doing what he's doing with the primary from congresswoman ocasio-cortez and you get the crazy policies and now they will try to get joe manchin to go along with other spending scheme

in the next few weeks they want to get something done and some new entitlements enacted. but the american people are not with it the american people want calm in the american economy to heal in the crazy vaccine mandate and let people learn to live with the covid-19 with no experience and get back to normal, we could do it we've done in the past. stuart: i'm not sure i ever asked you this but do you dabble in crypto. you buy into it or part of this deal? >> i don't own crypto but i think the crypt of the future is the stable coin. the crypto currency specific asset like gold or the dollar i think those things in the future properly done with transparency, will have enough transparency in the assets backing up these crypto currencies with stable coins when they get the transparency and make changes i

see these crypto coins being a challenge to government money, being an alternative to the dollar and the pound another currencies that's what i see in the next five years. stuart: i'm glad i asked the question, steve forbes all good stuff. let's get back to the market. in simple we have movers 9% gain for in phase energy. >> the east coast had a major snowstorm and in phase is announcing a deal with massachusetts to install the batteries as reliable backup systems for homes in bad weather, they expect to grow eightfold in the state of massachusetts by 2026. stuart: did you get snowden. >> i would say completely snowden but enough to do flooding. stuart: tesla what we got on them credit suites has updated them to outperform, the recent

tumble including tesla in the past month created an attractive entry point there about 900 up 8% today they say they are still the leader when it comes to electric vehicles. stuart: it was two or three weeks ago they said they will no longer support so what was that. >> the once popular device another selling the patent for the messaging and the device and the networking to a company called catapult for $600 million and i guess investors like that. stuart: 600 million? that's an awful lot of money. on vaccinated nypd officers can be fired next month. we have that story. a new poll shows most people disagree with the president's pledge to consider only black women for the supreme court. the senate nearing a deal to approve the mother of all sanctions against russia. will be enough to stop an invasion. kurt volker is a former ambassador to nato and he joins me next.

♪ but you still sell investments that generate high commissions, right? (judith) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money? only when your clients make more money? (judith) yep, we do better when our clients do better. at fisher investments we're clearly different.

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♪ ♪. stuart: it is still below freezing at our nation's capital 31 degrees as we look at capitol hill congressional negotiators are in danger of missing the february 18 deadline to pass funding to avoid a government shutdown, what is the problem? ashley: amazingly lawmakers on either side of the aisle cannot agree on a new funding bill that is sarcasm. it's a low form but it's effective the shutdown of the government is unlikely but it

does increase the likelihood that president biden will have to settle for a funding measure to keep the government open senate democrats either focusing on the passage of a spending bill ahead of the build back better act which is the house passed in november but stalled in the senate thanks to joe manchin, democrats fear that biden will be able to push through the spending priorities while the party controls both branches of congress, why they're pointing to a lay retirements and expectations that republicans will flip the house and the midterm election, for now it appears the prospect passed in the next three weeks is slowly but surely starting to slip away. stuart: i heard this before several times, thank you top senators on the foreign relations committee say they are confident the get a bipartisan

deal on russian sanctions they say it could happen as early as this week kurt volker the formless ambassador to nato joins we now. even if sanctions are approved will they be enough to prevent an invasion. >> not by themselves i don't think putting fear sanctions all that much i don't think they have a strong short-term impact but i think they feel he has opportunities to work with china to re-shifted finances and buffer the sanctions that's what the military steps are crucial security assistance to ukraine and reinforcing our nato allies in the east. stuart: you approve of all of that, the sanctions closer to the border. all of that you approve of, should we doing now? >> yes that is a key thing being debated we should do it now before putin invades there's an argument that the administration is making that we should wait and threaten the sanctions because that might deter putin

but i think they're getting a backward to think we need to put the sanctions in place now and doctor to list them if he doesn't invade any fee stances forces down but we should put these places and now in order to show a series. stuart: doesn't putin himself faced significant risk of russia if he does invade ukraine. >> he does any may underestimate that because he overestimates the capability of his own military and he underestimates the will of the ukrainians to fight, that being said they have a more powerful military than ukraine they could prevail the south and the east not taking over the whole country and they may not try that. he is determinedly made clear from the language for military buildup that he is quite prepared to invade. stuart: what is china's role in all of this, we heard that china's ambassador to the united nations had call for the security council beating to be

nonpublic, what is their role and what is the significance. >> china doesn't want it to be public because he doesn't want to be embarrassed of what he will say or not say at that meeting, the fact is that they are not thrilled with russia invading ukraine but they also want to make sure that anything happens here we can see united states and the west and their preserving their own options and they might try to take over taiwan and they would rather not be in public. stuart: lastly, your opinion do you think that putin will invade? >> i think the odds are more in favor that he will but we're still not out of time we had the opportunity to change that if we can get more arms and trainers and personnel to ukraine people who can advise them on how to militarily respond and if we can

get the sanctions in place and if we keep making clear our determination right now putin sees weakness but if we so strength we have a chance of determing them. >> to think the germans are on our side? >> there on our side in principle but the problem is whatever comes to take to confront russia they stand down we need to see a lot more strength from the germans. stuart: always a pleasure to have you on our program, we hope to see you again soon. congressman colin allred a democrat from texas has announced he tested positive for covid he just returned from the congressional trip, he was among ten house members who met with ukraine's president zelensky and other officials two days of meetings. t-mobile announced a deadline for employees to get the job, what happened that they do not comply. ashley: they are fired, back to

you. if they haven't been fully vaccinated by april 2, that is not all according to an internal e-mail employees who only received one dose as a febrile the 21st will have to be put on unpaid leave the mobile carrier will allowed limited exceptions technician and store employees will be subject to the mandate although the company still encouraging vaccination on frequent testing in the meantime new york city police officers have until february the 11th to get vaccinated or they too will be fired about 5000 cops have formally requested religious or medical exemptions, they have been committed to continue working while the applications are considered as long as they undergo weekly testing but there's also an unknown number of officers being put on unpaid leave for failing to comply with the october 21 mandate and now face termination that they are fully vaccinated

by february 11. just what we need a lack of police on the streets of new york. stuart: hold on, breaking moments ago boris johnson britton prime minister apologize for partying during the lockdowns, roll tape. >> i'm sorry for the things that we did get right and also for the way this matter has been handled, this pandemic was hard into understand the anger that people feel. stuart: the apology comes after investigation failed to observe the standards expected of government he is facing calls to resign for the party gate scandal. what is your take on all of this? >> boris johnson is famous for getting out of sticky situations and i think this'll be another example of that, they held a party at the garden in the back of the building, he thought to maintain he thought it was a

work event that he was going to thank his star for difficult circumstances. when you look at it probably wasn't good because at the same time he was telling the country don't go out your lockdown obviously another case of rules for the but not for me i think boris will get past this but then his own party have been extremely critical. stuart: it looks like he was really fired up today in parliament. i would love to be there to watch a fine performance. we will be back to you shortly. president trump said he could pardon january the sixth rioters if he wins another term, we will deal with that when, the woke celebrating apple's newest emoji the pregnant man, brent spousal takes at our next. ♪

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sunny but only 60 degrees down there they have a cold snap if you like the music that we play on the show make sure to follow us on spotify will put out a playlist each and every week, come on in susan you have some movers what is with coin basin shopify are they connected? susan: shopify billionaire founder is joining coinbase board of directors america's largest crypto currency exchange founded by another billionaire brian armstrong who made the announcement he said it's worth 7.76 billion armstrong $7.9 billion in both under the age of 40 synergy is here because shopify the second largest e-commerce after amazon and there's talk about taking crypto payments in the future this could be a tie up when it comes to syntax. stuart: about time we got usage for the crypto's and then maybe

they would gain value. stuart: when i buy the nft i'll think about ethereum. boeing, what is her story is before the actually up they need to find more financing and cash to fund their operations and obligations in the u.s. russian tension is created an adverse climate for their business and their still love despite the fact it's a rally market so they are benefiting, i want to show you netflix, they got an upgrade from citi worth $450 and a confidence of the co-ceo of netflix read hastings find $21 million of netflix on the debt so he joined phil ackman for the stock is too cheap especially for the streaming giant which is 220 million

global subscribers. stuart: a fantastic rebound from the loss ten days two weeks ago well about $400. susan: multiyear lows. stuart: a nice bounce and everybody's biden it. former president trump since he could pardon the january 6 rioters if he went another term in the white house from his rally in texas. >> if i run and if i win we will treat those people from january 6 fairly. we will treat them fairly. and if it requires pardons we will give them pardons because they are being treated so unfairly. stuart: i wanted to ask our meteor watcher about this is this the right strategy, it seems that they are looking back rehashing the past and looking

forward to telling us how great things are going to be. >> i agree with you and if i were advising the president i would be telling and look forward to the next election it is over and you gain nothing by talking about it and if i succeeded in convincing him of that i'd be the first person who is ever succeeded in convincing donald trump of anything. he does what he wants to do talking about the january 6 rioters it's gotta be very careful the 99.9% who came without an intention of committing harm he is absolutely correct to say that. if he does it he is going to be tied to the one tenth of 1% of people who came to washington attempting to create damage and harm and that sort of thing, you gotta be careful to talk about

the two things. i do think it's very interesting that he would bring that up because he could tie it around the neck of the left the fact that they won't prosecute or condemn anybody with the continued violence against people. stuart: true, different issue we have a new poll shows 76% want biden to consider all possible nominees to replace supreme court justice breyer not just black females. do you think america is getting a little tired of identity politics? >> especially when they see the result kamala harris he would have a black female vice president. the pie of possibility is about three women and he got the least offensive of the three and she's a disaster by any measurement,

she is a laughingstock and now he's doing it again a goes to show you the power of the radical militant and in some cases marxist left they are saying you must do that even though if the overwhelming percentage of american people and you've already shown with the vice president that a terrible policy, you will do this mr. president and his answer is yes, sir. stuart: a look so bad for the nominee, whomever the lady is just for identity. >> crazy idea but you choose the most qualified. stuart: here's one more i was saving this apple just released the pregnant man and pregnant person emoji. the icon we are told will come in five different skin tones, what you make of all of this.

>> let's establish apple could do anything that it wants secondly i'm so glad it's apple because you get to see what apple really is. the woke radical left wants to make you rethink your belief system whether it is the civil war, whether it is climate whatever it might be they cannot make you rethink it, we are not, the more apple tries to push that the more stupid they look in they want them to do this, i want the world to see pregnant men. stuart: will you use the icon when available. >> as i want to make fun of apple, yes. stuart: i'm gonna leave it right there. a good man and will see you again soon, thank you very much, bitcoin has lost half of its

value since peaking in november volatility it has groups pushing for regulation we have a report on that it's official the l.a. rams will take on the cincinnati bengals in the super bowl will tell you who is favored to win. ♪

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>> did you get the rumor that tom brady is may be retiring i'm not sure which true i bet it's speculation but if it were me i would retire to if he gave me more time to watch emily and paris. >> you spent ten straight hours watching emily and paris. >> watching football was a safe thing to do and that's what

everyone expected me too do. stuart: that was peyton manning talking about tom brady's retirement rumors on "saturday night live" brady hasn't been anything official yet but according to reports he could get a 15 million-dollar payout if he waits until friday to retire, how does that work the stage is set it is officially set for super bowl lvi the cincinnati bengals face-off against the l.a. rams and it'll take place in sophia stadium the home of the rams the game is two weeks away but what are the odds. >> the l.a. rams are three and a half point favors over the bengals after beating the 49ers 20 - 17 nfc chip into game the bengals go to the super bowl for the first time since 1989 after beating the chiefs not, 27, 24 the rams are favored in part to their home field advantage in a better

regular-season, another popular but the point scored in the but the bookies are calling it 49 and a half points you can go up or down from there one last nugget l.a. is the second consecutive team to play a home in the super bowl after tampa bay beat the chiefs at home last year before that no team have ever played in the super bowl in its own stadium and now it's happened twice in a row. back to you. >> covid cases in beijing on the rise a couple of days before the winter lipids began, how many cases are we talking about and what are they doing about it. ashley: 119 cases among athletes and just last four days 47 new cases were reported yesterday 34 on saturday the majority testing positive after they arrived at the airport a russian athlete

said she tested positive twice after her arrival in beijing saying her olympic dream will now remain just that a dream a closed-loop transportation system is allowing the athletes to move between accommodations olympic sites but they are not permitted freely in the public also china canceled rumors to all international flights as it tries to take every effort to stop the spread of the virus but it does not work. stuart: it's a hard thing to keep out entirely but they've got to try to do it or wrecks the olympics. thank you very much show me the crypto the november peak bitcoin and ethereum lost about half of their value more bad news could be on the way the administration is calling on federal agencies to regulate digital assets. kelli o'grady in los angeles.

>> it could mean more crashing crypto is liquid gold but the volatility is causing a panic of short-term investors to pull out i wanted to get to why that is happening 55% got in last year alone in the upside is huge but it's a reason for buying crypto because it's going up you get to get nervous and sell when you see a dip living regulation has many investors spooked countries around the world are clamping down on currency and money laundering, tax evasion and instability the irs has urged el salvador to drop as legal tender and remove incentives to adopt crypto in the u.s. the volatility is fueling the urgency for regulation the biden administration will release an executive action passing federal agencies with digital assets as a matter of national security additionally a central bank digital currency is being floated after the federal reserve evaluated the benefits i recently spoke with the crypto investor and chairman, he told

me his biggest fear that governmental officials defined in those regulations are not educated about the space crypto advocates last week america compete active 2022 when he and the treasury secretary to forbid access and the proposal argues these innovations particular from digital assets and informal value transfer systems to legitimate consumers for bad actors that much power and one person can bring more volatility some experts say could bring volatility either way more uncertainty will cause the crypto's to continue struggling. stuart: checked the dow 30 a sense of the market i would call that an even split between winners and losers that is just for the dow the nasdaq is printed ahead huge game today. my next guest says china's elites have paid $31 million to

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stuart: reports that foreign journalists are facing rising intimidation in china ahead of the winter olympics. what is going on here. ashley: with the games about to begin foreign journalists and news outlets say there facing unprecedented hurdles including excessive intimidation according to a survey by the foreign correspondent club of china 99% of foreign journalists have reported conditions that did not meet international standards and 62% say they were obstructed once by police or other officials, more than 25 present surveyed said sources were harassed, detained or called in for questioning by police more than once but another big concern the fact that chinese authorities are encouraging estate of lawsuits or the threat of legal action against foreign journalist which means

journalists will be banned from leaving the country until the legal matter is sorted and as we know that could take years, but a difficulty in getting any reporting that in china. stuart: otherwise known as hostagetaking, that is serious stuff. thank you very much indeed reported to the new york post reads chinese elites have paid $31 million to hunter and the biden's, peter schweizer wrote that in peter joins us now, has china got something on biden i guess you answered it with the $31 million. >> chinese intelligence operates they don't expect political figures to align on everything but they expect to help them on the big things loosely translated this strategy in english is a big help with a little badmouth, joe biden could say something about the uighurs

and he could say something about human rights violation but at the end of the day of his delivering of the matters that are most important to china they are fine and happy with his foreign policy. stuart: hunter was cut into big deals in china and once his father was vice president and he got those deals because his father was vice president, correct. >> that is exactly right the story takes a more sinister turn we traced back using the hunter biden laptop and e-mails from one of hunter biden's business partners we want to trace back and see who the officials were in china that made those deals happen for hunter and the biden family and every single one of them, for individuals, everything of what it is individuals have ties to the highest level of chinese intelligence meaning they were business partners at the time and the vice minister for state

security, this is not just corruption and cronyism anymore this has the near of intelligence operation and that's what we need to understand what is going on. stuart: if china has something on biden through hunter does russia have something on biden through hunter's activity in ukraine? >> it is certainly very possible we do know that three and a half million dollars were transferred to hunter biden from the overgaard, the former wife of the mayor of moscow linked to russian organized crime there is a video that is out of hunter biden where he was the woman reportedly a russian prostitute we are not sure there is no question that the vulnerability is here in the fact i'm old enough in your old enough to remember the cold war and i cannot imagine if the carter

family or reagan had done deals with russian businessmen that there would be be alarm bells going off across washington, d.c. and that's what we have with the biden's speed would you expect the mainstream media will pick up on this. >> i don't know i think we need to pursue the story i certainly hope that we do i think of congress turns to the control of the republicans after 2022 i expect will have a lot of congressional hearings and committees that have subpoena power to use those. stuart: the $31 million that you're talking about with the five deals in china how much went to president biden. >> is unclear, what we do know hunter biden joe biden have intertwined finance, the e-mails are multiple examples of hunter biden paid joe biden's bills and he is vice president of the united states that is not legal in the famous hunter biden tells

his daughter don't worry i'm not going to ask you to do what i have to do which is pay half of my money to pop, which is his dad we've been able to find tens of thousands in joe biden's bills that hunter biden paid so joe biden has been a beneficiary no question of the foreign deals in james biden joe biden's brother and other members of the family. stuart: great reporting, peter schweizer thank you for joining us and sharing with us we hope to see you aback here soon. it is 1155, so is a monday trivia question how many countries are located africa we will bring ashley into see if he can guess or see if he knows the answer, you get the right answer right after this. ♪

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stuart: here we go. we ask you how many countries are located in africa? you have a choice of four, ashley, what is your choice? ashley: i haven't the foggy evident. i will go with number there, 64. stuart: i would have gone with number two, 54. i got it. 54. africa has more countries than any other continent. the most populated country in africa is nigeria which has a population of more than 206 million people. now you know that, lad right?

ashley: thank you very much a valuable lesson. you learn something fresh on this program every day. ashley, thanks a lot. quick check on the market. a lot of green. look at that nasdaq up 233 points, 2 1/2%. even the dow is up 122. that is a monday morning rally. real nice bounce on the last day of january. say good-bye to january willingly. hello to february tomorrow. david asman in today. we say food buy to january. thank you very much, stuart, i'm david asman in for neil cavuto. stocks kicking off january with another volatile session as a wild first month of trading for 2022 comes to a close. the dow on pace for its worst january in six years as well as its worst month of trading since march 2020. the nasdaq also feeling the