shared this thought with people it has worked for the few who have done it. i can tell you one thing i will be doing it i'm going to load up on capri, so while looking great in your versace shirt i'll make a whole lot of money and be able to buy mine for free at some point because that's how much money i'll make on the stock. just something i'm sharing with you, if you just feel the urge to go out and spend all your money to look like liz claman. liz, we all can't look fabulous everyday. liz: [laughter] what you don't see is the target yoga pants, okay? that's what's really happening. charles: okay that balances it out, yes. liz: okay, right. thank you, charles. a february frenzy of m & a activity as markets maintain a little bit of volatility, but nothing like last week. ahead of another major league of corporate earnings, the dow is up half a percent, just a few minute ago hit a session high of a gain of 201 we pulled back and up about 171 at the moment the s&p up a quarter of a

percent, the nasdaq up 19 points , but the star of the session, it's merger monday, frontier finding the spirit as peloton seeks partners of their own in a friday night shocker ford says its been forced to shutter or limit production of eight of its factories due to the global semiconductor shortage, which is still very much a thing, in a fox business exclusive, we've got the ceo of automotive chip maker on-semi about how much he sees the chip crunch playing out unthe weeks ahead while he keeps his ev partners fully stocked with chips. and president joe biden any moment will hold a joint news conference with a german chancellor in his hour as diplomatic efforts to keep russia from invading ukraine intensifies. there are more troops heading now into belarus from russia this is getting to be a very tense situation. let's begin with a fox market alert. where is the total volatility that we saw last week, right? after two rocking weeks of wild

swings, stocks are kind of glid ing higher in this final hour of trade. the dow is the top percentage gainer right now, and with a gain of about 170 points looks pretty good up half a percent. the s&p after clocking its best week so far of 2022 is adding on to that by about a quarter of a percent or nine points, but here is the thing. it's not even valentine's day yet and february is already showing the love. corporate marriages are blooming at this hour. look at shares of spirit airlines, ticker symbol sav. they are jumping 18% after frontier airlines announced a $6.6 billion deal including the debt and assumption of leases to merge with its low cost competitor. the combo and here is an asterisk, folks if approved regulators, would create the fifth largest airline in the country and they promise 1 billion in cost savings and no layoffs in fact they say they will add thousands of employees . we'll believe that when we see it but frontier up 4.8%.

peloton surging and it hasn't even seen the engagement ring yet but shareholders are hearing the gossip. the wall street journal reports amazon is showing early interest in the connected bikemaker whose shares have been slammed due to slowing sales. peloton up 21% at 29.96, this stock was at 32 at the open okay so it's not as high as it was, but they are still in play because where there's one suiter there may be more. the financial times reporting nike is evaluating an offer while wedbush dan ives is bull ish on the prospect of apple entering the fray, he believes they are already sniffing around we've got nike up one-third of a percent, amazon better by one and one-third percent apple up about .2% but peloton shares are down 84% over the past year, and ives believes the price tag could be as low as $12 billion. bargain basement folks. there are no confirmations from any of the potential bidders but at the moment peloton seeing a

double-digit percentage gain. and forget dating. in its first acquisition ever, bumble is outright marrying european dating app fruits. deal terms not disclosed. we got bumble up about 1%, but while bumble is seeing a gain here, at $27.87, that's trading way below $76 which is where it opened the day it ipo'd . but look the point is at 30,000 feet we have to ask what is spacing all of the m & a action and how could investors capitalize on another wave of mergers let's get to scott redler and kelly polcari. it's either that prices have come down or rush is on to beat rising interest rates. you look at the 10 year yield folks off earlier highs but at 1.917%, i saw it as high as 1.93 % which means, kenny, it's approaching that 1.95% threshold that analysts say 2%

is the next stop, right so what does this mean for acquirers and potential targets? >> so it's interesting that you position it that way because i do think you're right. we're going to get to the point and hit two very quickly but i do think in a case like amazon and peloton, i don't really think whether yields are 1.9 or 2 is going to make a difference to amazon at all. it might make a difference to other people that are considering the merger, but i don't necessarily think a 2% yield on the 10 year is going to stop these continuing mergers that we see happening at all. i think it's much more effective what's going to happen to the broader market but i don't think it's going to necessarily drive whether or not what acquirers going to go or not go, based on the 10 year yield. liz: okay, but we're looking at peloton, it's gaining right now, again, now it's up 22%, i do want to point out the dow is up 208 points. scott when i sat down in the chair at 2:30 we were up

about 195 and now continuing to add. how much do you think this has to do with merger activity that gets people excited, but on top of it, warning and flashing alert, everybody, scott has a stock he believes is a potential target and this one was a shock er to me. scott? >> well, first of all, on your first question, i do think we're still trying to figure out was the low of the s&p put in about a week and a half ago and that remains to be seen. on kenny's thought about whether amazon will take over peloton based on the yield i don't think so but if yields do go to like 2.4 that probably means we can get another round of correction activity which could then give you more bargains like peloton or some of these high growth names i got to create more m & a so it's a very fluid situation, but so what i was looking at is i know we've heard this before and i don't think it's going to be tomorrow, but i do think twitter could become a takeover target again.

i feel like salesforce.com back in 2015 potential came after them and it didn't happen. now they have like 400 million users, 200-plus monthly active users, everyone communicates through twitter i'm sure kenny first thing he does is checks his twitter and see how many people call him handsome and we're on there communicating for business and i just think at this point they have less than a 30 billion valuation on twitter, its been mismanaged. jack was ceo of two companies and first out there, the technology is a little outdated i think someone comes in and takes them up and it'll be a much more viable product to make a lot more money plus i'm sure they would like all those eyeballs. liz: yeah, and which is what kenny gets every morning from all his twitter. >> [laughter] liz: but kenny, you know what? according to refinitive, january global m & a came in at $364 billion the third-best january on record. does february best that, and how do investors really participate?

>> well i think, you know, scott makes a good point. if rates pick-up and the market back off will there be more potential opportunity? for sure. i don't necessarily think, and i think that's coming because we do think that rates are going up so i think there's going to be a broad correction in the market, but i'm not necessarily sure that that's going to cause february to be a better month than january. i think it's going to be a good year overall for merger activity. i actually think quite honestly it plays like amazon would look at a robinhood or a sofi because they are dying to get into the financial services space. while that's just me wondering if that's going to happen i wouldn't be surprised to see them because jeff bezos or amazon, they want their fingers in everything and what's better than kind of that brokerage space. liz: it's getting exciting. i mean, it really is, but a company like peloton is chump change for apple and amazon i can tell you that. >> no doubt about it. liz: thank you, scott, we're watching twitter on scott's prediction we've got to look at

ford. ford is actually slightly higher after a very rough thursday and friday, where after the bell friday, the auto maker dropped this bomb that it has to cut vehicle production or outright shutter some of its plants. eight of them, so we're talking about the f-150, mustang mach ex, and the broncos due to the global chip shortage. demand is huge for these cars, but the chip shortage is crimping it. the auto giant will slash production after its big fourth quarter earnings miss last week, as you see the stock is up about one-third of a percent but chip maker on-semi is chaning higher by nearly 11% right now, after releasing its fourth quarter report before the bell this morning. it beat estimates, earnings per share of $1.09 on revenue of $1.85 billion. here in a fox business exclusive , we bring in on-semi president and ceo hasan el quiri. great numbers which makes me wonder what you're doing right, how are you able to continue

making sure that you're supplying your customers, your end customers and what people need to understand is you are in the automotive space. so why is ford not getting what they need? >> look, obviously i can't comment about specific customers but i'll tell you overall, you know, we are doing everything we can in order to increase production. a lot of it comes through efficiency, a lot of it is coming through new installed capacity that we are able to run more volume. we just announced our forth quarter, we talked about over 5% more units being shipped on our existing install base of production, so we are getting efficiencies. we're investing heavily in engineering work to get more and more units, more and more efficiency, while we install brand new capacity to support the demand; however, demand like you said is very strong, very healthy. we're having a hard time keeping up, but we are all hands-on deck , the results show it, but more importantly, we are getting more units out

quarter-over-quarter and that, i expect to remain in 2022 but we do remain constrained through 2022 into 2023. liz: well you did guide significantly higher for the current quarter so that means that you are able, at least, to make some clients certainly very happy. you've gone into secular trends like automotive and specifically , electric vehicles, and autonomous driving or at least assisted driving which i think is great. as you look at the landscape at the moment if you could fix one broken link in the supply chain, because you just said we're still struggling a little bit here, what part is giving you the biggest trouble? >> look, i think we know how to fix it. we have been working closely, not just with our direct customers, but with the automakers directly in bridging that gap and getting more and more visibility about what they need over a longer period of time. demand came in strong after 201t depressed. 2021 was great demand.

2022 doesn't look any different from the strength of demand. we need more time in order to install that capacity and that's the time we can't makeup, but forward-looking we are making that progress, we have that visibility, you know you heard me talk about long term supply agreements we have with customer s that extend up to 2024 with that committed revenue, and the long term supply agreements we have, we are able to invest today. you know, to that just to give you some numbers, last year, our capex intensity was about 6.5-7% we are talking about 2022 getting to a 12% capex. we're doubling our capex in order to maintain and make progress towards that demand that we see over a multi-year period. that's the visibility that we a semiconductor companies need in order to get the capacity ahead of where the demand ramp is and we're doing that. liz: i've got it. it is very very difficult right now. i do have to ask because i know you have a partnership with

apple so let me phrase this properly. if you were to be asked, because it's no secret that apple has been working on an apple car, if you were to be asked to supply them with some chips for the apple car, would you be able to, under the current conditions, or do you see things at least improving over the next couple of months, that you be able to say yup, we're good to go. >> look we're not talking in a couple months. 2022 and again it's not about apple or any specific customer. 2022 is sold out. right now, we're making efficiency improvements like i said early on the call to get incremental peoples that we're able to alleviate a little bit of what our customers need and are able to ship more, but to a first order, 2022 that's the visibility, it's sold out we have some improvements that we've committed to customers, now it's more into what are we going to do in 2023 and beyond. liz: listen, hassane, your here exclusively only on our network i really appreciate that. we want to continue to follow your story so please come back

it's a great stock performance today up more than 10%. >> thank you for having me. liz: anytime. we've got a crypto comeback underway right now, as bitcoin pops above $44,000, and that's got look on your screen, the crypto echosystem rising right along with it. coinbase, blockchain, marathon digital, everybody is jumping. marathon is up 10.5%. charlie gasparino coming up next on what's got the cryptoverse so fired up. and of course, we are awaiting president joe biden's news conference with the german chancellor olaf schultz we will take you right to the white house as soon as it begins we are waiting on news about whether germany is fully in on working to protect ukraine, if russia invades. closing bell ringing in 45 minutes "clayman countdown" is coming right back.

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liz: well, first it was bitcoin has regained the 42000 level, now look at it. bitcoin has regained 44,000, over the last couple of hours, we're at 44, 301.

crypto price action all over the place is looking good. green arrows across-the-board. we do have u.s. ethererum there it is 7.5% to 3,180 back above 3,000, right? finally, and xrp up 24% this afternoon, the spikes come ahead of the release of the white house's executive order on cryptocurrency that's set to come out this week, charlie? we thought it was going to be maybe last week, but why is the rally tied to something like this? charlie: it's like that shakespeareian i think it was tomorrow and tomorrow and tomorrow creeps in at this pity pace, [laughter] i'm just showing off a little here, liz, but listen. liz: he just amazes me. charlie: [laughter] i would say the average person that holds crypto that wants to trade this is a very volatile trading market as you know and that's no news there, and some of this stuff seems to be trading irrationally. here is what i think is

happening, based on talking to traders and talking to people connected to the xrp, ripple versus sec case, is that people are trying to game plan this report. this report could be very good for bitcoin. it may just say bitcoin is an established cryptocurrency and there maybe no effort essentially to reign in bitcoin, which is why you might see bitcoin up significantly. the other ones are, and that's the question mark, and i'll tell you i speak with people close to the case at ripple. they're telling me that case against them, it's the sec essentially saying that xrp, a cryptocurrency that we use to finance the ripple infrastructure, that that was an unregistered security. that case could take a big hit here in this report depending on what the report said. the report says that bitcoin is fine, but these other ones are questionable. well then that could have an

impact, and so you have to wait and see and everybody is trading all over the place on this thing. the ripple case, people are saying that this thing could be done this year just by some of the judge's motions, what the courts are allowing. net-net, ripple is coming out pretty good in terms of discovery, not perfect but they got a lot of stuff out of the sec, that the sec wanted to try to essentially keep confidential and this is stuff that ripple is trying to use to show there's a double standard that ethererum was given a free pass to allow them to do security sales and not be declared at ether, it's cryptocurrency declared a security so game planning going on, this report is going to be interesting, and a lot of people think it could have an impact on the case, particularly if it comes out where it says xrp is not a security. i want to get back to something happening on wednesday, liz.

gi ghi sohn's nomination to be the sec commissioner it's up and down and there's another hearing and it's on wednesday and we're getting word from inside the commerce committee particularly on republicans, she's a progressive you would think the broadcasters hate her but there's some issue here where they believe that ghi ghi sohn cut a deal i'm not saying she did but there's some sort of quid pro quo where she agreed to recuse herself from doing stuff involving the big broadcasters, in order to get the national association of broadcasters to back off their opposition to her nomination. watch that during the hearing. watch roger wheeler, the senator republican senator from mississippi is on the committee, watch if he hammers that, because the word is that the republicans have problems with this. they think she's too conflicted

basically, big paper trails, showing she might not be able to be totally objective in her job, and they are pulling everything out, so wednesday will be an interesting day, liz. back to you. liz: yeah, i'm very interested in both of these stories and particularly to see what's happening with crypto which went as low as what 32000 last week, that's in the rear view at least for the moment, charlie thank you. coming up, the shots are out, we are waiting for the president and it's not just chicken scratch. tyson food takes a beat in earnings pushing the stock to a record with details on the meat producers mega numbers and the one cost the ceo says he is most worried about. that's straight ahead. closing bell ringing in 37 minutes the dow still gaining 189 points at the moment, we've got green on the screen on this merger monday. as a professional bull-rider

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liz: we've got this fox business alert, look at shares of tyson foods, there at the top of the s&p after a better than experted earnings report, shares are jumping 12 and one-third percent the beef and poultry producer says higher meat prices did help boost profits. tyson says orders for chicken and beef and pork continue to out pace supply, and the plant is still short on workers and the ceo however did predict, high feed costs will continue to rise. cruise stocks are also right up at the top with tyson, the s&p 500 after royal caribbean ceo jason liberty said he believes the cruise line is now past covid in terms of impact on the business. the comments made as a downward trend in u.s. covid-19 cases is also giving a lift to travel stocks, we've got carnival up 8% , same with royal caribbean and norwegian cruise lines. shares of alibaba under pressure after citi stirred speculation soft bank the company's largest

shareholder is planning to dump part of its stake in the chinese e-commerce giant. shares of baba down five and one -third percent and citi is registering an additional 1 billion american deposit shares which would allow soft bank to sell its stake more easily. for its part softbank is up about 3.7%, and snowflake red hot after morgan stanley upgraded the stock to overweight saying the cloud data warehous ing software provider is now undervalued. the firm also increased its price target to $390. snowflake right now is at 294.42 and basically, they cited revenue and gross margin forecasts trending ahead of schedule. president joe biden about to play meet the press at any moment alongside the german chancellor, and we'll take you straight for previews of the news conference and the markets depending on what is said about germany, the u.s. ,

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30 seconds, the guard, the marine, left the front door of the west wing that means the president left the oval office about 30 seconds ago, so the beginning of this news conference happened around this bilateral meeting happened around 1:30 p.m. you see the video from that. the world leaders talked about climate change discussing the true build-ups around ukraine, and the president does want germany to get on board with sanctions, that be imposed if russia invades ukraine. listen to this from earlier. >> state the obvious, germany is one of america's closest allies, working in lock-step to further deter russia aggression and address the challenges posed by china and promote stability. reporter: and any change of tone over the past 72 hours, the bow ing to pressure of how lenient president biden has been towards russian president vladimir putin senior officials

are saying sanctions on the nord stream two pipeline be reimposed if russia does invade. you remember those sanctions were removed by president joe biden off the nord stream pipeline allowing it to go forward. that pipeline from russia going into germany and i can tell you today energy was on the list of things they were talking about, in fact oil prices today finished or are about hovering above 91.43 a barrel more than that, so very as u.s. administration has been discouraging investment in future oil drilling, adding regulations, adding fees to drilling, as we're waiting for the president to walk into that room so the germans though for their part have been very aggressive on limiting fossil fuels, going forward they are going to close all 84 of their fossil fuel plants and 19 nuclear plants by the year 2040 moving forward but again, this , today, was about energy prices, about climate change and also talking about that you crane invasion and again, the president trying to get germans on board with all the sanctions they would like to

impose after or if russian president vladimir putin invades ukraine. liz? liz: well edward, i'm looking right now at natural gas, because that's the big price issue. it is down in the aftermarket by about 7%, but you've got to figure that it will spike pretty dramatically if these tensions continue and there's any kind of breach across the border of ukraine. what i find really a delicate diplomatic dance is that olaf scholz will certainly as he just took over from, you know, angela merkel i'm sure he's not thrilled at atria all with the situation he's faced but he's go the to balance his needs of natural gas with his ability to say yes, we support any kind of sanctions against germany. do you think that was really pressuring him in this? reporter: really, yeah, pressur ing him but also to your point about the natural gas the u.s. has said some officials have said or told me that they plan on helping the germans with natural gas exports should the

russians invade and should they add sanctions again to that nord stream two pipeline but again to your point that would spike natural gas prices in this country, should that have to happen, because the exports, you know, are slowing down, the demand in the united states, we have pipelines that are being discouraged or canceled in this country, so again, that be an interesting dynamic going forward. we have the u.s. clamping down on some of those pipelines that carry natural gas clamping down on some of that drilling for oil and whatnot, yet trying to help the germans out should russia invade going forward because they would lose out on natural gas if they need to power their country. liz: we are watching it like a hawk here, ed, thank you very much we're going to take you back to the white house as soon as the joint news conference begins. in the meantime, spotify, standing by, the music and podcast streaming service refusing to pull the plug on the uber popular joe rogan experience podcast, but they

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visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. liz: breaking news, markets the s&p has just turned negative as president joe biden and german chancellor olaf scholz take the podium let's listen in. >> thanking chancellor scholz for making a visit to washington. we had the opportunity to make a very productive meeting and our staffs wondered whether we let them in at all. we spent the first half hour more talking together and its been a very very useful meeting. one of the things that struck me was the shared values that shape how each of us approaches leadership, among then the foundational commitment to the dignity it of workers and the need to treat all people

with respect, so i enjoyed speaking with you, olaf, and i know working together we'll continue to strengthen and deepen our alliance and the extensive partnership between germany and the united states. of course at the top of our agenda today was our united approach to deterring russia's threat against ukraine, and the longstanding principles of rural-based international order. that's what we spent most of our time talking about. germany and the united states together with our allies & partners are working closely together to pursue diplomatic resolutions of this situation, and diplomacy is the very best way forward for all sides we both agree, including best for russia in our view, and we have made it very clear, we're ready to continue talks in good faith with russia. germany has also been a leader in pushing deescalation of tensions and encouraging dialogue and through the normandy format, but if russia makes a choice to further

invade ukraine, we are jointly ready and all of nato is ready. today, the chancellor and i discussed our close cooperation and developed strong package of sanctions that are going to clearly demonstrate international resolve and impose swift and severe consequences, if russia violates ukraine's sovereignty and its territorial integrity, and i want to thank germany and all of our other partners in eastern europe in the european union for their work in this united effort. we are in agreement that it cannot be business as usual if russia further invades. we also discussed our shared commitment to nato's article v responsibilities and reassure of our eastern flank allies. we're united in that as well. already the united states is sending troops to reinforce the alliance and i want to thank the chancellor of germany for

hosting additional u.s. forces and for the longstanding hospitality to our women and men in uniform. we also discussed the challenges we're facing in the international order from china, along with russia and other competitors that are pursuing more ill-liberal futures. we've agreed that germany and the united states will continue to work together to ensure that the rules and principles govern ing emerging technologies are geared to advance freedom of opportunity, not refreshing our authoritarianism. we also reaffirmed our commitment to completing the work of integrating the western balkans into european institutions and final ly realize europe as whole, free and at peace. with germany holding the presidency of the g-7 we also talked about how that form can harness the world's leading democracies to advance a robust agenda on global challenges from

ending the pandemic to address ing climate change. so the bottom line is this. whether as allies in nato, partners through the european union, as leaders of the g-7 and g-20 or through our strong bilateral relationship, germany and the united states are close friends and reliable partners and we can count on one another. there is no issue of global importance where germany and the united states are not working together, strength-to- strength and implying our efforts together, so i want to thank you all for making the journey today and i look forward to being the first of many opportunities we can spend together beginning this meeting and throughout the rest of the year and the rest of our terms. so thank you. welcome. the floor is yours, sir. >> thank you very much. good afternoon from my side as well. i'm very grateful that we had

the opportunity to talk in much detail today and that i was able to make my first official visit here and that we also could talk about the important questions that we're dealing with today. we are in a very difficult situation and it is a good thing that joe and i were able to discuss what we need to do in this difficult context. of course there is a military threat in ukraine against ukraine. we cannot remain silent on that. we see the number of russian troops along the ukrainian border and that is a serious threat to european security, and this is why it is important that we act together, that we stand together and that we do what is necessary together. it is important that all allies, the u.s. and germany, the trans-atlantic partnership between the u.s. and europe, nato, say the same things, speak with one voice and do things together and we made it very

clear. if there was a military aggression against ukraine, this will entail severe consequences that we agreed upon together, severe sanctions that we have worked on together so there will be a high price for russia. this is a very clear message everybody has understood it and i think this message has been made clear again and again, so that even russia has understood the message now. what is important is that we also intensively work on preparing possible sanctions together. we don't want to start once there is a military aggression against ukraine. we have prepared a reaction that will help us to react swiftly if needed and we will do that. at the same time it is important to use all diplomatic means we have and i'm very glad about your great willingness to move forward together, especially the bilateral talks between the

u.s. and russia, and of course the talks that we have agreed upon within the nato russia, this is also important, also because russia needs to understand that nato stands together and that nato is prepared after so many years there have not been any talks so it is a good sign that they are happening now. of course we have debates that but it is important that we talk and the same is true for while we need to discuss about security in europe, this is also a progress as tiresome as it may be and we have not yet reached any very substantial conclusions yet but it is good to see how this plays a role and the same is true for the talks between ukraine, russia, france and germany. we have this but we haven't been able to really use it in a protective way over the last few years, so now, we have come back to that, we are having tough discussions and that shows that

the there are ways that will lead us out out out of this difficult situation and this dual track approach with clear announcements with regard to sanctions that will be taken if there is a military aggression and at the same time, keeping all dialogue formats open. i think this is the most promising strategy one can have, and that is what we're doing together, and we stand side by side in this approach. we also talked about many other topics that are important for us today, especially when it comes to the g-7 presidency of the federal republic of germany. we will walk closely as strong economies, strong democracies, and we also therefore have a special mandate to contribute to cohesion worldwide, and part of this is that we continue to everything we can to make sure that the citizens of the world can be vaccinated, not only in our rich countries but also in countries where people would

love to have the vaccine but don't have access yet, and these are initiatives that we have carried out together, and that are of utmost importance worldwide. the same is true for fighting manmade climate change, a big topic that keeps us all busy, even though it is obvious that only a global solution can be successful, because climate is a global thing. it doesn't stop at national borders. as an industrialized nation we have an important contribution to make. we have technological opportunities, economic opportunities, and have to use them in order to prepare a situation where we and others can enjoy prosperity without harming the climate. this is the big challenge that we see , and that is of great importance to us, so this is why we want to act together on this strategy and use a climate club of like-minded people &

partners. these are some of the topics we discussed and once again, the personal discussion we had illustrates the excellent cooperation between our countries, the strong bond we have within our trans-atlantic partnership and the fact that both countries can rely on each other. >> well thank you very much. we'll now take a couple questions each. reuters, andrea? you had the first question. reporter: thank you, mr. president, and thank you, chancellor scholz. mr. president, i have wanted to ask you about this nord stream project that you've long-opposed you didn't mention it just now by name, nor did chancellor scholz. did you receive assurances from chancellor scholz today that germany will, in fact, pull the plug on this project if russia invades ukraine, and did you discuss what the definition of invasion could be, and then

chancellor scholz -- >> if i may ask, chancellor scholz, you said there was some strategic ambiguity that was needed in terms of sanctions. i just wanted to know whether the sanctions you are envision ing and you are working on and the u.s. as well already, are they finalized or is there still work ongoing? you're saying what the details are, is that just an excuse that germany made to not support this? >> let me answer this. if russia invades, that means tanks or troops crossing the border of ukraine, again, then there will be no longer a nord stream two. we will bring an end to it.

>> but how will you do that exactly since the project and control of the project is within germany's control? >> we will, i promise you, we'll be able to do it. >> thank you very much for your question. i want to be absolutely clear. we have intensively prepared everything to be ready with the necessary sanctions if there is a military aggression against ukraine, and this is necessary. it is necessary that we do this in advance so that russia can clearly understand that these are far-reaching severe measures. it is part of this process that we do not spell out everything in public, because russia could understand that there might be even more to come, and at the same time, it is very clear, we are well-prepared, far-reaching

measures, we will take these measures together with our allies, with our partners, with the u.s. , and we will take all necessary steps. you can be sure that there won't be any measures in which we have a differing approach. we will act together, jointly. >> we will be united. we will act together, and we will take all the necessary steps and all the necessary steps will be done by all of us together. reporter: will you commit today to turning off and pulling the plug on nord stream two? you didn't mention it, you haven't mentioned it. >> as i've already said we are acting together. we are absolutely united and we will not take different steps, we will do the same steps and they will be very very hard to russia and they should understand. >> we recognize someone now,

chancellor? >> mr. president, one question to you, the u.s. over the last few years have exploited heavy weapons to ukraine and germany, has only delivered 5,000 helmets to ukraine. don't you think that nato should act unanimously in this respect and germany as the strongest european nato partner should also deliver heavy weapons to ukraine and ukraine have asked germany to do so and the nord stream two i would also like to ask, don't you think with regard to the threat posed by russia germany should already rethink

its position on nord stream 2 and the third question, if i may , over the last few days and weeks there have been severe criticism from the u.s. media and from congress as well vis-a-vis germany about the reliability of germany as an allie. this has been called into question. do you understand this criticism is germany a reliable partner from your point of view, and mr. chancellor, also a question to you, nord stream 2, you said all options are on the table. you're not mentioning nord stream 2 by name. don't you think if you were to spell this out, you could win back trust as a strong allie here president biden: there is no need to win back trust. he has the complete trust of the united states. germany is one of our most important allies in the world.

there is no doubt about germany's partnership with the united states. none. with help of ukraine, within of largest contributors to ukraine has been germany. germany has been in the forefront making sure of providing economic assistance. you also asked a question, so many, i can't remember them all, but in terms of the u.s. media saying germany is not reliable, germany is completely reliable, completely, totally, thoroughly reliable, i have no doubt germany at all. >> translator: we are united and the transatlantic partnership between germany and the u.s. is one of the permanent pillars of german policy and it will be relevant in the future as well, just as relevant and this will be one of our top priorities always on behalf of nato, we are

the country in continental europe that is doing, making the largest contribution financial means and military power. and the country that contribute as great share, we're talking who pays the biggest part of a financial support to you ukraine. so since 2014 about two billion u.s. dollars by direct bilateral support within the eu and additional 3.8 billion, so substantial financial means to stablize the ukrainian economy and what willing to continue with that sort of contribution. so this is the very strong and unbreakable friendship between our two countries. part of this with the difficult situation at the ukrainian border due to russian troops, we have made it very clear we will

unanimously act in earls it of sanctions. mr. president, once again, a question with regards to arms exports, do you think it is okay that nato partners have different approaches here and nord stream 2, once again, do you think the current positioning of germany with regard to the russian threat is okay? president biden: look, there is no doubt in america's mind that germany is an incredibly reliable ally and one of the leading physical powers in nato, number one. number two, the notion that nord stream 2 would go forward with an invasion by the russians is just not going to happen. now -- liz: nasdaq, s&p, hit new

session lows. the dow loses just about all of its 235 points of earlierains, as president joe biden and german chancellor olaf scholz made it clear the two nations will act together. [closing bell rings] united inflicting high cost on sanctions about russia if it invades ukraine. that will do it for us. "kudlow" is next. ♪. larry: hello, everyone, welcome to "kudlow," i'm larry kudlow. i will just say joe biden and his fellow socialist from germany had a press conference. i don't know anything that particularly came out of it. we'll talk to general yak skeen to see what they said and did not say. important to us, save america, kill the bill. that is the mantra and crusade for many being many months. with the help of krysten sinema

and