distilled in austin, texas. i absolutely guarranty i'm right on this one. joe concha says i'm right. what more do you want? i bet we get emails on this. we might touch on this on the "friday feedback." we'll be there for that ashley. see you soon, ashley webster. right now, david asman in for titos. david: i'm for jack daniels, my bias is towards jack daniels. thanks for keeping us straight on this. i'm david asman in for neil cavuto a busy two hours ahead as we bring you headlines from coast to coast. markets turning higher as investors digest another round of earnings. we're all awaiting inflation data. that comes later this week. take a look at the 10-year treasury yield. down near 2%, hitting the highest level since 2019. with he break down what all that

could mean for stocks going forward. bitcoin prices sliding today, below 44,000. we'll ask market guru ray wang whether he thinks we should look at bitcoin kind of like a tech stock? coming up on the program, tennessee republican senator bill hagerty is calling for more pressure on vladmir putin. dr. marty makary on more and more blue states saying good-bye to mask mandates. stew leonard ceo, stew leonard, how much more you may have to pay to pig out during the super bowl. you will not want to miss it all. first oil prices approaching 100 bucks a barrel. that has gas prices hitting multiyear highs all while the white house continues its push to go electric. what can be done to combat rising prices? edward lawrence at the white house what he is hearing

about this. reporter: gas prices up two cents in the past 24 hours. the white house has no new answers to lower gas prices unwilling to talk about policy decisions that restrict future supply of oil. i had a exchange about the policies with the white house press secretary listen to this. >> we tapped the strategic petroleum reserve. sometimes that takes time to be digested into the system. we've also worked with a number about countries around the world to do something similar. we've been engaged with opec nation countries about the need for supply available to meet demand. we called out the record profits made by oil companies. reporter: none of it has worked. the price of oil close to $90 a barrel. that pushes the price of a regular gallon of gas to $3.46 a gallon. one year ago we were paying $2.46 a gallon, about a dollar less. so i pressed the white house press secretary about this. listen. reporter: encouraging investment in drilling in other places in

the u.s.? >> again i think the president's view is that we are it is a huge advantage to us to be a leader in the clean energy transition. over the course of years and decades we've become a clean energy superpower ultimately that is not just where the jobs are, it is where the strategic advantage will lie, 10, 20, 30 years. reporter: 10, 20, 30 years. policies are focused onrestricting supply in the u.s. pushing us towards electric vehicles. on that front the president in a few hours will announce a australian company building ev fast charging station plant. they make those units. that plant going to be in tennessee where the taxes are a little more favorable. david? david: edward, so we have to wait 30 years that's it? reporter: 10, 20, 30. david: thank you very much. economy begins to fully open up again "travel & leisure" jobs are roaring back with the

hospitality sector showing the biggest employment jump in january. madison alworth live in new york city with a look at growing hopes for a new chapter in the travel industry. madison. reporter: david, good afternoon. a conference like this one, new york now, is not possible without business travel. the vendors here travel from all over the u.s., frankly all over the world to show off their items. they're benefiting from business travel. the reality is that sector continues to struggle to come back. when it comes to leisure travel that is doing so much better, according to trip advisor. americans are ready to spend big on that leisure travel. in fact, they're going to be spending 29% more compared to 2019. that is really a lot of pent-up demand. you might think the same for business travel. with the slower turn to the office and in-person meetings, u.s. travel association says we'll not hit 2019 business travel levels until 2025. that is why the association is asking the white house to remove the covid-19 testing requirement for incoming international

travel. considering there is already a vaccine requirement. for the vendors here, their businesses depend on personal travel, remaining strong and on business travel coming back. >> for us the in-person interaction is so important for the business. >> we just hope that the demand continues because now we're actually fully stocked. it would not be good to have a bunch of stock and not being able to sell it. reporter: david, as you mentioned one of the sectors that added back a lot of jobs has been the hospitality sector. that is definitely a good sign personal travel has added back to that industry. it is a good sign for 2022 and what could come this year especially if we add in the business travel component with conferences like this one. david? david: madison, thank you very much for that. from spending on travel to spending on the store, inflation

will hit another record we expect when we get the data. will americans be forced to cut back on spending just to buy the essentials? let ask tax foundation president scott hodge. i will talk to folks all over. talk to stew leonard later, people are cutting back at the grocery store to keep heat on in a very cold winter. it is getting desperate. we hear jen psaki talking about we'll be in good shape 30 years from now. i don't think americans can wait that long. >> you know, david, inflation is really a tax on american consumers and they are getting hit in every direction, whether it is at the grocery store, the gas pump and other essentials to keep a family going and this white house has no response to it whatsoever, exempt for offering up growth in government. let me tell you that fueling the size of the bureaucracy is not going to help when it comes to tamping down inflation.

it probably fuel it actually. so what we need is better economic policies that can help support fixing supply chains, bringing a lot of policies back to the united states that have been shifted abroad. those are the kind of things that will help inflation but not more government. david: scott, you know, they have been, this administration has been moved by the left. it is no secret that they have not governed from the middle. governed from the left, idea you can spend all the money you want, print all the dollars with no consequences. we're seeing it just doesn't work. we had a piece in "the wall street journal," phil graham, former senator, former head of the senate banking committee, he says this inflation is driven by explosion of federal spending which was set to average 20% of gross domestic product in 2020 and 2021. that is big enough.

it doubled to 40% of gdp in a 12 month period as pandemic spending exploded. it is not stopping, scott. that was an emergency spend procedure that we were involved in the beginning of the pandemic in the first year but it was supposed to trail off. it hasn't. it is continuing. how much longer can it continue? >> well, i think the worrisome thing too, david. the fact there is talk of trying to revive this "build back better" that was considered dead last year. thank goodness to senator manchin for killing it but there are a lot of members of capitol hill who want to revive it. they see it as, as part of their survival politically but again, that would only fuel the kind of spending that is encouraging this kind of inflation. david: well, scott, it is being continued, the "build back better" plan even though it is not going to pass. so they knew, they figured out the math it wasn't going to pass but they're nickel and diming it up to a trillion dollar figure. they have this new compete with

china program which is anywhere from 250 billion to $350 billion now. our own larry kudlow spoke to what is in that compete with china plan, so-called, and here is what he said last night, listen. >> the democrats and even some senate republicans sad to say are now pushing through a junior version of "build back better." this bill should be stopped. it is nothing more than corporate welfare, picking winners and losers in american industry, providing special favors for unions. david: like solyndra all over again. when you look at the details of this bill, that's what it is. as larry said, government picking winners and losers. that leads to things like solyndra. >> they're not actually trying to compete with china. they're trying to borrow chinese industrial policies and this is not the american way. we should approach this in a free market way. it is up to businesses to decide

how best to create new products, new industries, new innovations and get government out of it because bureaucrats and politicians are terrible at this. history has shown that. "build back better" is a recipe for these kinds of, for this kind of corruption if you will, politically, and you will get more of these solyndra type investigations over the years. you can see it coming. david: absolutely. there are zoom republicans signing off on this as well. quickly and taxes because we are going to see sunsetting of many of the tax cuts that happened during the trump administration. what is going to happen then? what kind of tax increases are we going to be facing? >> well i should hope that that congress can understand they need to make all the tax cuts, permanent, especially full expensing for capital investment which is really a hedge against inflation. because if you can deduct the

cost of your investing, investments say in new trucks or manufacturing today then you don't have to worry about inflation tomorrow. so there are a lot of elements in the tax code that could be indexed to inflation that were not and that would help taxpayers in some different ways but certainty has got to to be t of this. making the tax cuts certain will help taxpayers and businesses alike as they plan for the future. david: scott hodge from the tax foundation. thank you very much. appreciate it. >> thank you, david. david: president biden take act stance against president vladmir putin threatening to stop the nod stream pipeline, how can he actually do it? former vice presidential candidate joe lieberman is here after this. ♪.

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when they finish military exercises later this month. fox news correspondent lucas tomlinson has all the latest on this. reporter: good evening, david. with tensions running my on ukraine borders, french president macron as arrived in kyiv following the trip to moscow. >> translator: based on commitment to two sides, russia, ukraine, we have the possibility of advancing negotiations. reporter: macron shuttle diplomacy follow as five hour meeting with russian president vladmir putin last night who refused to rule out launching an invasion of ukraine. some worry the diplomatic push in moscow is buying time for putin to continue building up forces on the border, now 140,000 strong, factoring, ground, air, naval forces. just a two-hour drive north from here, neighboring belarus has forces, short-range ballistic missiles and fourth generation

defenses. those russian forces would be departing the country later this month in joint exercises. later today three large russian amphibious warships carrying tanks, and other armored units entered the black sea. some fear this cobe a invasion port targeting odessa, ukraine's third largest city and a major tourist destination. putin's plans for ukraine he said are doomed to fail. >> can choose to believe his own flawed interpretation of ukraine's lift that i think is his greatest mistake and his greatest weakness. because if he starts another aggression on ukraine, i'm sure it will have profound repercussions for russia itself and for his regime. reporter: those russian exercises in belarus are scheduled to end on february 20th, coinciding with the final day of the winter olympics in beijing. david? david: lucas tomlinson, thank you very much, appreciate it. well president biden threatening to stop the nord stream 2

pipeline if russia invades ukraine and he claimed yesterday that germany would go along but with no explanation as to how, listen. president biden: germany, if russia invades, that means tanks and troops crossing the border of ukraine again, then there will be, we, there will be no longer a nord stream 2. we will bring an end to it. reporter: what, how will you do that exactly? since the project and control of the project is within germany's control? president biden: we will, i promise you we will be able to do that. david: former democrat vice presidential nominee, and former connecticut senator joe lieberman. senator, forgive me for act skeptic on this but germany has a lot at stake in nord stream 2. they have also provided some

obstacles in arming ukrainians. i'm just wondering if we can, if we can take the president's promise to the bank on this? >> well, the, president biden was very explicit about this so i guess we have to give him time to explain how he is going to stop nord stream 2 but there is also room for some of your skepticism, david, and i share it. the most direct and probably the best way to stop nord stream 2 which would hurt the russians is for the germans to say, we're not going to buy the natural gas that comes from russia under the water to germany. yesterday, or whenever prime minister or chancellor scholz was with president biden the chancellor was not all clear about that. he is a new chancellor and the

german people rely on this natural gas from russia but if russia invades ukraine this is really the way to strike back economically at russia. now the only other way i can think president biden may have in mind is some of the countries that claim jurisdiction what happens under the waters of the baltic sea that this goes under -- [inaudible]. final not likely to happen, which we would send our military forces in to blow up nord stream 2 but don't count on that happening. david: well that would be an extremely dangerous situation. has that been suggested by anybody? because again, first of all i, after the germans have invested so much of their resources into nord stream 2, i doubt whether they would do it on their own. i mean, to consider a strike against the pipeline, if russia

invades, do you think that is a real possibility? >> no, i really don't but i wanted to mention it because if you thought about how you could carry out the policy and the goal of president biden stated that would be one way to do it. our military is perfectly capable of doing that but don't expect that to happen. and that really means that if we're going to stop nord stream 2 in the case of a russian invasion, the german government has to be at the lead of helping us do that. of course we have to work with our allies in the middle east and elsewhere to replace the emergency that germany and europeans will lose from russia but we can do it, if we work together and believe me -- david: we could if we release, forgive me for interrupting, if we release the energy we produce here rather than daming up our pipelines while giving their pipelines the green light. the thing that kills a lot of

people a lot of may have been avoided had the biden administration continued with the sanctions against nord stream that were in place during the trump administration, when those phased out, the biden administration didn't continue with them. >> yeah. well i was definitely against the lifting of the sanctions by the u.s. government against nord stream 2. i thought that was a mistake. we may have done it for the german government but it sent a message of weakness to russia and putin seizes every opportunity, every vulnerability he sees, militarily, economically, political. he jumps right into it. that is what he has done with nord stream 2. so right now he is controlling the game. the president, president biden has been tough about in reaction. we are sending more armed military help to the ukrainian government but, oh, my god, if

the russians well over 125,000 troops, a lot of equipment around ukraine to invade, it is going to be a very tough challenge for the ukrainian military. david: okay. >> even with the arms we have sent them. so it is in our interests to stop putin now before he starts and if he gets ukraine, he is not going to stop. he will start to look at poland and other countries in europe. this is a real moment of testing for biden, america and the west. david: of course it is happening while we're having problems with china and we haven't even had a chance, i was hoping to talk with you about iran and the nuclear discussions there with this administration but unfortunately that will have to be for another time. senator, great to see you. >> thank you, david, you too. david: peloton ceo john foley stepping down as the company prepares to make over 2,000 job cuts. we explain what is behind the shakeup when we come back.

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david: take a look at peloton. it is up, way up, about 30% now. the ceo of course is stepping down. they're cutting jobs, cutting costs. susan lee has mower on this as well as today's other big business headlines. it is real, so much fascination who can do what with peloton. reporter: think about the volatility in the stock and what it indicates with each and every swing hour. this morning it was down 10% in the premarket, we learned john foley, confirmed he is stepping away ceo, staying on as executive chairman. still has super voting rights, meaning he has 80% him and

insiders. he can decide what to do with the company. if there is going to be a sale he needs to approve it. two board members changing and former spotify cfo barry mccarthy stepping up as ceo, moving from l.a. to new york. a lot of people were thinking would there be a sale of peloton giving looking at $50 billion in market cap last summer, now it is all the way down to 10 billion. they're making roughly $3.8 billion this fiscal year which is less than what wall street anticipated. blackwell, the activist firm pushed out joan foley as ceo, they came up with a list of possible suitors, some of the names are new. bring up this graphic here because they floated sony, lululemon is in there? david: lululemon? reporter: apple is big one. i told you before they're not going to buy peloton because, look, for hardware superstar like apple which of course builds the best-selling iphone

and the ipad, they could probably make a better peloton bike of their own. david: you mentioned foley will have a lot of influence in designing things. they don't like that, do they? they like to buy companies they con completely control from top to bottom. reporter: they love to control things organically the entire ecosystem. they want owe to be able to build a bike from end to end, bolts, nuts, chips that go into it. so they're not going to buy peloton. i want to talk about nvidia as well because if we talk about business headlines and tech, nvidia, the world's largest chipmaker worth $700 billion, apple is looking to by arm which designs chips that go into ipads, iphones, $40 billion. that is now off that deal, governments around the world here in the u.s. and uk, china, actually this tie-up might lead to too of the market power for a company like nvidia. why the stock is up because nvidia has been firing on all

cylinders regardless of enveloping arm into their business. they make graphic chips, a.i., cloud, self-driving, they do it all. that is the reason why the stock has doubled. david: quickly, peter thiel, one of the smartest people in the world in technology. he is making a change, tell us about it. reporter: stepping away from meta, facebook's bored, making trade for 500,000 for 10% of meta which turned into a billion dollars. david: not bad. reporter: peter thiel can step down from the silicon valley and back more conservative gop candidate. david: i don't know if we put up facebook -- reporter: people asking me if it goes sub200 is it a buy. david: what do you think? reporter: mark zuckerberg is fierce competitor, smart, phenomenal operator, he saw the future of what's app and

instagram, it was worth a billion dollars in 2012, it has turned into a 2 billion monthly, daily active user website and platform. david: the meta universe seems a little further off today than it did a couple weeks ago. reporter: yeah. david: thank you, susan. 10 year treasury yield heading towards 2%? so what does that mean for the market? constellation's ray wang join us now. it has been explained a million times, just one more time succinctly why it is tech is hurt more than other stocks when interest rates go up? >> tech stocks are seen as growth stocks and they're tied to the interest rates because they're looking at future earnings and it impacts your price-to-earnings ratio. so as rates go up people are seeing hey, valuations will go down. i think that is the correlation everyone is looking at. david: so any company not making a lot of cash is in trouble when interest rates go up, basically?

>> exactly. here's the thing. we're seeing a move from "faangs" what we call metana susan was saying microsoft, tesla, apple, alphabet, nvidia, when you think about alphabet they come together, those are the stocks people look at. these digital giants are having great growth. they grow at 20 to 30%. they have great cash on the balance sheets. they also have a lot of reserves. these companies will continue to dominate as facebook, netflix, they're losing subscriber growth. people are losing confidence in that. we're seeing a shift in terms of quality of tech stocks and interest rates are driving that. david: today is a good day but people are freaking out about a 2% 10-year rate when in fact we have inflation of 7%. we still have essentially negative rates when you factor inflation in. it just shows how really not very effective central banks around the world, not just the

fed but around the world have been with their negative interest rate strategy and it makes you wonder about cryptos, whether cryptos are going to be some kind of an answer to the problems that we're having with central banks. what's your view? >> so it is a little bit early to sell. we're early in the new digital asset classes. if we looked three years ago, there was only bitcoin. looked two years ago, there was a dozen digital assets you could go to. we have 100. we're trying to figure out who the winners are. there are some correlations, .4 between what is on with the price of bitcoin or nasdaq. there might be a correlation there. i think it is just a blip at the moment. we'll not see direct correlation. we're so early. folks holding on to bitcoin, there are a lot of long-term holders that are there. those folks are not selling. they're planning for a 10-year play. retail investors are jumping in creating fluctuations and some institutional investors getting into the mix. that is really driving the

changes going on but also interest rates again play a role here. david: true believers in crypto say you really think the central banks of the world can do a better job of crypto in terms of our monetary control? it is hard for me to answer no but at the same time, i know all the roadblocks in the way of that happening. we'll see what happens. ray wang, good to see you. thank you very much for being here. appreciate it. coming up california becoming the latest state to lift indoor mask mandates for vaccinated people but not in schools. dr. marty makary is here to react next. ♪. riders! let your queries be known. yeah, hi. instead of letting passengers wrap their arms around us, could we put little handles

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♪. david: well the pandemic is still costing colleges a lot of money.

more than one million fewer students are in college now compared to before the pandemic began and the costs are adding up. lydia hu joining us now with the very latest on this. hi, lydia. reporter: hi, david. strict covid protocols, the rise in cost of college that has increased five times the rate of inflation over the past 50 years, and a red hot job market are all blamed for this accelerating trend as students skipping higher education and there is a new report from my e-learning world, that estimate these one million students will miss out on one trillion dollars in lost lifetime earnings. it equates to more than 600,000 bachelor's degrees, nearly 180,000 master's degrees, almost 40,000 doctorates. the data is voluntarily reported by schools shows only four states account for half of the national decrease in college enrollment.

california, new york, ohio and texas. >> where you see the steepest declines happening tend to be places maybe hardest hit by the pandemic of the places where you saw students, significant number of students from populations that tend to be more diverse and underserved first generation communities. reporter: but this trend could hurt all of us, david. people without higher education are four times more likely to be living in poverty. they tend to need more in government assistance and pay 45% less in taxes according to the college board. david, there is no quick and easy fix to this trend, the declining college enrollment but you can be sure colleges are feeling the pressure because this is a 630 billion-dollar industry. if they're having trouble filling the seats, they may be considering removing some barriers to entry to make

college both more accessible and more enticing. back to you. david: lydia, thank you very much. very interesting stuff. school districts across the country choosing not to suspend students for misconduct but actually doubling down on suspensions for students who refuse to wear a mask. fox news correspondent alexandria hoff has more on this. reporter: david, yeah, this is really interesting because in thousands of school districts across the country suspensions essentially long-term ones have been curtailed. they are called racially biased, a pipeline to prison. schools are implementing option, restorative justice on offshoot of criminal justice reform. according to the non-profit think tank, rand corporation, schools are adopted to offer a means to respond to conflict and build relationships in a exclusive, nonpunitive way. instead of traditional public

punishment, they would engage in relationship building exercises. this some parents believe violent bullies act without fear of consequences. listen. >> restorative justice enables the assailant and does not protect the victim. expecting students to sit down with someone to listen to why that other student feels the need to attack them and assault them is unacceptable. reporter: january report by education week describes misbehavior and violence in schools on the rise but school districts like fairfax county schools in virginia told fox news that the effect of restorative justice programs in their schools has been positive and reduces number of offenses and suspensions. but for all the focus put on suspensions they were easily handled out to the students in the same school district last month for showing up without a mask. david? david: alexandria, thank you very much. states are beginning to lift mask mandates in schools but

california governor newsom announces ending for vaccinated but leaving it up to schools if masks are required for students. johns hopkins university professor and fox news contributor dr. marty makary joins us now. doctor, first of all, with all the breakthrough cases of omicron is there any evidence that unmasked, vaccinated people are less likely to be pass on the virus than unmasked unvaccinated people? >> well, look we've heard public health officials acknowledge now everybody will get omicron or be exposed to it. the idea you will somehow reduce the risk of transmission by wearing a cloth mask which by the science never changed on cloth masks. the size of the errol sized virus was 1 to 5 microns. the pours of the cloth masks are 20 to 100 microns. it is very much porous open

area. if you're vaccinated the window of trans missability may be slightly more narrow but we know the peak viral shedding is equal among the vaccinated and unvaccinated. omicron is in upper respiratory system and likely toe boy it off by the time you get sick. david: omicron sweep through it, still taking people down. people are getting sick. some people are ending up in the hospital but again a much more mild version than certainly delta or the previous variants. how much of the population do you think has this natural immunity that may protect them from future variants? >> well the numbers have been going up by two to three million per day during the peak time of omicron, depending on the region of the country you're in. remember, when we see half a million or 700,000 cases per day we're only capturing one in two, one in four cases that are actually in the community. many are asymptomatic especially younger people. i don't think there are not too

many people left who have not got covid or not vaccinated. david: cdc came out with new stats on number of people hospitalized vaxed and unvaxed but no data on natural immunity. you have that kind of data from the uk, from israel, even california had a study of its own of 70,000 or so patients that included unvaccinated. it showed by the way that natural immunity did play a role similar to vaccination in terms of protecting people from getting too sick, being hospitalized. so why is the cdc avoiding the issue of natural immunity? >> well it really violates the basic principles of scientific objectivity in a since that the cdc has gone through great lengths to hoard the data on national immunity. the only two sort of peeks we have had of the real durability of natural immunity from the cdc was a study a few weeks ago that showed natural immunity was

three times more protective against hospitalizations than vaccinated immunity and about five times more protective in terms of the likelihood of getting it in the future. so it is really inexplicable. i believe it is unacceptable that the cdc has not released data on natural immunity. they continue to put out studies with foregone conclusions. then the studies are designed to almost support those conclusions. finally they should not be hoarding any data. they should make all their data transparent so researchers around the country can do their own independent analyses at academic institutions and not keep the date to publish in their own mmrw journal. david: forgive me for interrupting so americans karn decide for themselves. we paid for that stuff. i don't how much you were talking, talking to jim jordan about this, how much we pay $350 billion for cdc, nih, all the institutions supposed to collect the data. that is our money, our tax

money. we deserve to know. they have enough people working for them and enough money to include natural immunity in their studies, don't they? >> that's right. the philosophical question they have a large data set do they make it available to researchers around the country to study or do their own study with the data? that is they do a delay of three months, they do it with such significant bias, it is clear they made the conclusion before they scott analysis. david: dr. marty makary, always a pleasure seeing you. thanks for being here. >> thanks, david. david: after the break senator todd young reacts to reports of horrible conditions at olympics in beijing. cheating appears to be going on as well. his message to the organizers coming up. ♪.

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♪ david: major issues with the way the china is hosting the olympic games. our next guest says no nation with such poor human rights record should host the olympics as athletes are facing serious issues with their quarantine conditions and a host of other problems. indiana republican senator todd young joining me now.

senator, it is really extraordinary, when you see some of the photos out of china with thighs athletes that have been put in quarantine. they come out. they, they are tested positive. then they test negative. they're put back in quarantine, testing positive. there is something awful going on here the way these athletes are being treated. >> well, david, you're right, exactly right. my biggest concern as we headed into these olympic games was the chinese communist party was going to use these games as a week's long infomercial to celebrate their regime. instead i thought it was important we shine a bright light on the gross human rights abuses of this regime. so i began a social media campaign, #beijingbehavingbadly. this has been a absolutely disaster for xi xinping and his communist confederates, they have proven themselves ineffective hosting these games.

to your point the food is poor, the accomodations are pathetic. the internet is unreliable. the athletes are making complaints about conditions in slaveholder government games. david: like they're trying to starve the competition. this is something, they're cheating. let's be honest about it. that is what is appears to be anyway. we don't have clear evidence of that but it is mounting up. we even had an incident on the skates yesterday i believe it was when a chinese athlete apparently threw something under the skate africa madian competitor. she fell to the ground, chinese judges actually criticized the canadians? >> i think you're absolutely right. the circumstantial evidence is very strong here and, they're not winning the public relations game as it were. that is what this is to them this is a game. it is really important fox, other media outlets report this,

scrutinize the bad behavior of beijing. continues to remind the american people and people around the world that these dimes should never be happening in a place like communist china. david: senator, very quickly i want to switch to economics because there is something going on through congress right now. the senate passed it last summer, called the endless frontier act back then. now america's compete act. a lot of people say it's a real boondoggle, it is a boondoggle for u.s. companies. we can put some issues expanded to include $8 billion for the u.n. green climate fund, 45 billion in grants to supply chains. 52 billion for the semiconductor industry. i mean it's a lot of bbb stuff that been shoehorned into this. are you going to still vote in favor of it the next time it comes to the senate? >> oh, i have never voted in favor of that nonsense. i completely agree with all of those criticisms. the house democrats decided to

ram through a partisan initiative that was supposed to be about rising to the china competition challenge, making critical investments in our national security, making our supply chain more resilient, insuring that we can manufacture computer chips in this country. instead, they decided to make this legislation a giveaway to some much their special interest groups and green new deal through the backdoor. what we aim to do moving forwards take the legislation being passed in a bipartisan fashion, 70 votes in the united states senate. insure its key provisions remain intact. that is something my colleague and i can support. david: i say kill the bill as larry kudlow says. i don't think any way you can get the pork out of this one. senator, we have to leave it at that. >> xi xinping is lobbying against the legislation. so you and he seem eye-to-eye on this. david: whoa, senator. i don't like corporate welfare. don't connect me with the communist leader. thank you for being here,

senator. i appreciate it. >> -- security, thank you. david: good to see you. when we come back why democrats in congress accused being all talk and no action on combating crime. the details from capitol hill right after this. ♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further. ♪♪ it has our back. and goes out of its way to help. ♪♪ when you start with care, you get a different kind of bank. truist. born to care.

♪ ♪ made in america ♪♪ david: made in america. that's one solution for

inflation and gas prices issues. later this hour we're going to to be hearing from president biden on his plans to help the groan in your wallet -- green in your wallet by going green. an australian company is part of the deal. edward lawrence has more from the white house. >> reporter: yeah, the president later in this hour, as you mentioned, will highlight bringing manufacturing back to the united states, and he's going to also push union jobs. now, to do that, he will advocate or highlight for an australian company that's expanding a battery charging facility here in the united states. now, formed in 2001, it went public on the nasdaq through a spac to raise money to open plants in the u.s. you see the stock up 50% as the president's going to highlight this company. this will be the first plant in the u.s. the company makings those charging tower as for electric cars, eventually producing up to 30,000 fast chargers per year. it will are employ 500 people at

its peak. the plant in tennessee where the taxes are more advantageous, probably not a coincidence. this is a transition the biden administration wants to see because the president refuses to talk about reversing course on policies that sparked the increase in gas prices we've been seeing over the past 11 months. here's the answer a i got when pressing the white house press secretary on those rising gas prices. what about encouraging the investment in drilling in other places in the u.s.? >> again, i think the president's view is that we are, it is a huge advantage to us to be a leader in the clean energy transition. and over the course of years and decades, we've become a clean energy superpower because, ultimately, that's not just where the jobs are, it's where the strategic advantage will lie in 10, 20, 30 years. >> reporter: so that's what they want to focus on, that clean energy. the white house saying you just have have to be patient with the higher gas prices. david: people are running out of patience on that one. edward, thank you very much. across the country crime is

rising, but there's no clear solution for congress, and there's no money in the9 pipeline either. fox news congressional correspondent chad pergram live on capitol hill with what's really being done to combat the crisis. chad. >> reporter: you're right, crime is rising, no solution from capitol hill, no money in the pipeline either. president biden recently called on congress to approve $300 million to help with community policing. >> confident that if we fund these programs, we'll see a reduction in violence. and in next year's budget, i'm going to try to double down on this investment. i think i've got a lot of partners here in new york that are going to help. >> reporter: the congress can't free up the money for stressed local departments because lawmakers are struggling to approve a new spending measure to keep the federal lights on. >> -- wins from additional continuing resolutions which is why after we pass this extension, we will finalize an omnibus that will deliver for our nation.

>> reporter: the house votes today on an interim spending bill. that means local police are months away from seeing federal health. mandate bills undercut all federal spending. >> become the path of least resistance in terms of congress getting its annual budget and appropriations process done. if an -- it's an inefficient way to run a government. >> reporter: the new stopgap spending bill funds the government through march 11th. the government's fiscal year began i don't 1st, and democratd democrats have been unable to pass spending bills to reflect their policy priorities. david: good to see you, chad, thank you very much. two of the biggest things continuing to plague the biden administration going into the midterms, inflation and crime. here now is former bush 43 deputy chief of staff and fox news contributor karl rove. karl, great to see you. you know, president biden was here last week in new york, and

he seemed to want to make a pivot to a tough on crime stance. he even mentioned his own role in the 1994 crime bill, something that he was running away from as fast as he could run going into the elections because of the progressives who were unhappy with that bill. do you think it's possible that he could convince voters that he's serious about that pivot? >> not really. because, look, the problem is not just biden. david: right. >> it involves him, but it starts with mayors and local democrats who have been defunding the police. think about it, his answer to this is spend $300 million. that's 90 cents for every american. is that going to make us feel safer when we have prosecutors letting people go without being charged and police departments being defunded? there's a reason why in the december abc very ipsos poll the president's approval on handling crime was 61 is % disapprove.

61%. 38% approved of him, 61 disapproved. that is an extraordinary number on a big issue like that, and it's because -- not just because of him, it's because of all the things that all kinds of democrats have been in favor of for the last several years and in our face about it. same on inflation. 69% disapproval on inflation. they say be patient, we're paying $80 to fill up your car. just be patient. 71% of independents disapprove of the president's handling of that issue. and, again, the independents are higher than 61 on the question of crime. is so the swing voters in this election, they don't like what the administration is doing on crime or inflation. david: well, and their knee-jerk reaction, we've known for for decades now, the reaction of democrats and this administration is no different is spending money. rudy giuliani, when he turned new york city around from really the crime capital of the u.s. in the early 1990s to the safest

city in the world, he did it while he decreased the budget of the city of new york. i mean, it wasn't money, it was policies, specific policies and how you deal with it. and that's something that even the president is in control of. it's going to be democrat cities one by one that have to change in order to turn that a around. >> well, yes. but he can take a lead in it. he went to new york. did we hear him say anything about the prosecutors needing to be serious about prosecuting people who commit crimes? we've got a new manhattan d.a. who's screwing around with that issue. then did we hear him say anything about bail reform? new york reformed its bail laws, and it resulted in a dramatic jump in crime. that's the problem. saying i'm going to spend a lot of money is not going to solve the problem for the democrats when the issue is, as you say, the policies of the people they put in charge of law enforcement in major american cities. david: and, of course, guns is another knee-jerk response.

it's the guns that are the problem. of course, you can kill more people with guns if you're a bad guy, and that is a big problem, but the fact is there are a lot of high profile criminal cases, the guy who mowed down people in wisconsin, the people getting pushed into subways in new york, people being stabbed to death, mostly women, by the way, are the subjects of these horrible crimes. and no guns involved. so, i mean, it's -- if they stick with this idea it's all about guns when, in fact, it's about the people using the guns and other weapons including raw fists, that's the problem and not necessarily guns alone. >> yeah. and, look, guns it's some of the most severe and constrictive gun laws in the country are in places like new york ask chicago which have a lot of violence conducted by people with guns even though they're illegal. david: that's a great point. now, the inflation as you mentioned before is another big issue particularly with independents and they are, what is it, 43 32-44 -- 42-44% of the

electorate are independents. so can, is in any way a political party can win a midterm election without getting majority of the independents? >> well, you can do it in heavily blue states if you're a democrat and heavily red states if you're a republican, but in swing states like north carolina, pennsylvania and arizona, states that are going to determine the senate and in swing congressional districts, no, you can't win without winning a majority of the independents. and that's why this is so problematic for the democrats because it's not only inflation and crime, but foreign affairs and the government spending -- david: the border. >> -- terrorism. ask energy. all of these issues the democrats, the president is upside down with the american people. yeah, you bet on immigration and the border, upside down with the american people. about the only issue where he's relatively close to aa priewfl, sometimes slightly above water

and slightly below water is on covid. but that's not what people are going to be voting on this fall. they've going to be voting in part on that, but mostly it's going to be the economy and crime and education and illegal immigration and national security and energy. those are all going to be far more important this their decisions, and the president's upside down in all of them. david: now, moving from the president to the radical left of the democratic party, and some people say that the president is being guided by them right now, alexandria ocasio-cortez is heading down to texas at the end of the week to headline a rally for two progressive congressional candidates. texas, your home state. what do you think her chances are of convincing texas to vote her way? >> well, one of those districts includes part of austin and goes down to san antonio. it's a very liberal district, and the -- greg casar who's a city councilman, is the front-runner, she's coming down to endorse him, he's the leader of the defund the police

movement in austin. he wanted to literally blow up the police headquarters and create a new entryway to the city as a kind -- sign of our new attitude towards policing. he wanted to put citizen groups in charge of every police office to oversee the activities of the police department. appointed, of course, by the city council and the mayor and not accountable to the voters, to look over the shoulder of every police station in the city of austin. this is the kind of person that she's endorsing, and that's the kind of people that democrats are putting up in texas. so let's see what happens in these two districts. i think he's going to have a run for his money in the democratic primary and maybe in the general election even though it's a heavily democrat district. and the other person she's endorsing down in la laredo coming up into the brush country in south texas, if the wrong candidate, her candidate, wins, there's a good chance republicans are going to take that district for the first time in the history of the state. david: very quickly on virginia -- they've giving me the wrap, but i have to ask

about governor youngkin, what he's trying to do really trying to turn the state 180 degrees from where it was going, where it was going to go under terry mcauliffe. he's running into a lot of opposition with all the establishment forces in education, the bureaucracy. what do you think happens there? >> i think he ultimately wins. he's got a powerful position and, increase crease -- increasingly, we saw in a poll this morning from axios, 15% of the american people want us to either open up or move toward opening up on these mask and vaccine mandates, and 44% want to keep it either the way it is or tighten it. so he's probably on the winning side of that issue in virginia particularly after it was such a big part of his campaign. david: good to see you, karl. thanks for being here. >> you bet. david: after the break, some super-sized price increases could be headed to your super bowl party costs. we're going to be talking to the ceo of stu leonard's about those higher prices when we continue.

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david: -- the most expensive home ever to be listed in the united states is going up for auction at the end of the month. kelly o'grady is at the one, as i guess it's called, in los angeles with an exclusive look. >> reporter: hi, david. yeah. this property is called the one because it's one of a kind. i mean, this isn't even a residence, it's an entity. i'll admit i've actually gotten lost in here today. could be the most expensive property ever sold at $295 million. the record right now is $238 million for a penthouse in manhattan. david, i want to show you what almost $300 million could buy. i'm in the kitchen right now, it might actually convince me to cook. but one of the things that's interesting is this cigar room over here, maybe make a few deals to pay for that $295 million. but what really sells this place is the views, okay? look at this view. 360 degrees. the downtown skyline, you've got the ocean, you've got sofi stadium in the distance where the rams are going to play this

weekend and, you know, we've spoken a lot about how expensive it is to live california in the past. is so that $295 million that get you those 21 bedrooms, 42 bathroom, that's just the sticker price. you also have to think about the upkeep, the staff, the security necessary with the increasing crime we're seeing and the cost of throwing these amazing parties that this space truly demands that you actually throw. and then there's the taxes, of course, right? so factoring that all in, i'm thinking to myself, who is going to buy this, right? it's going to be someone -- look here, we have brandon williams, the founder of the beverly hills estate. who is going to buy this larger than life house? >> well, obviously, he's going to be a billionaire. and it's somebody that -- [audio difficulty] property in the world, something like this doesn't exist. he doesn't want to go -- [audio difficulty] this is a one of a kind property that's going to blow people's minds. so there will be a bidding war. >> reporter: well, are we sure - [audio difficulty]

[laughter] >> there's nothing else like it. and that's what billionaires want, wise investments. something that's very unique. so this is, like, an oversized, flawless diamond. >> reporter: well, there you have it. the luxury real estate market is booming. just last year 40 properties sold for over $50 million. personally, i'm going to try an- [inaudible] [laughter] david: looks good to me. i'd go there as a guest. kelly, thank you very much. well, speaking of expensive, more on our level, inflation hitting the super bowl menu this year. wells fargo estimating the typical super bowl menu will run 8-14% higher this year. stu leonard's ceo joining me now. stu, good to see you -- >> how are you doing? david: we've talked about inflation. is there any kind of food you're not going to be able to get this year? >> well, you know what?

people, the supply chain seems to be getting back in order right now. you know, we ordered, like, 100,000 plus pounds of chicken wings for super bowl, and our fingers were crossed that we'd be getting deliveries. i just talked to our buyer, we already got two of our four deliverlies. so it feels like it's coming back together again. david: good, good. all right. now let's talk about price, and i'm going to be specific here. my wife just bought some avocados for our sunday, our little super bowl party, just the two of us. she got two for $5. is that a good deal? >> you know what? that's the same price wert at stu's. last year they were two for $4. you'll see increases in things like that, but another biggie for super bowl are pizzas right here, we didn't change the price of those. we have these fresh made pigs in a blanket right here which is a hot, hot item. it takes more labor to, obviously, make them by hand.

we'ved had to raise the price on them a dollar a pound. same with chicken wings right now. you know, you look at this, this is, like, going to be at everybody's party or this weekend. and we had to increase those prices a dollar a pound mainly because of the flavor. david: i don't see a mask, you're not wearing a mask. in the background i'm looking for people whether -- you've got one there. is that gone in -- you're in connecticut right now. i understand that the governor is loosening up a little bit. but do you have customers still worried about that sort of thing with the pandemic? >> you know, i think everybody's worried about it right now, and they just want to be overly cautious. we have mandates in connecticut that you have to wear a mask, same with new york right now. you have to wear a mask. i just heard this morning that governor lamont in connecticut is going to allow students on february 28th not to wear masks at schools. so it's changing right now, but

you know what? on the err of caution, we have all our team members at stew leonard's wearing masks. you can do it. i've had covid, i've been -- everything. i've got all the shots, the boosters, monoclonal, you know, so forth. and i'm -- i feel really immune, but i still wear a mask. david: what about vaccine mandates? do you mandate your workers have vaccines? >> you know, that's a tough one right now. we're up to 90% vaxxed of our team members at stew leonard's. we just started in february because we gave them free, basically, sick leave. we paid for them to be out on quarantine. but what we found was most of the people were unvaccinated. so we changed the policy at stew leonard's on february 1st. if you weren't vaccinated, you're going to have to use your own sick time or vacation time which we're very lenient on, but if you are vaccinated, we're

still paying for quarantine time. david: and what about getting workers? we know there's a labor shortage. how difficult is it now? you say the supply chain is easing up, that's good news, but what about the labor shortage? >> you know, david, all of our farmers, ranchers, everybody we talk to, it's really about labor right now. getting labor is tough. and, look, i just saw an ad for amazon right now. they're offering, like, wow with, i want to go work there, you know? [laughter] there's so many -- and we have to compete with the amazons. and, you know, we have 2500 team members at stew leonard's. we had to raise all our starting rates $2 an hour right now. unfortunately, that has to translate down the road into, you know, higher prices even though, you know, since we're a private family business we can hold on things, we don't have to raise everything. we're waiting to see if things calm down a little bit in the market, and then we'll adjust in maybe a month or something.

david dave now, you're a big operation, you've got several stores, but what about the small guys? i would imagine as difficult as it is for you to compete with the amazons, it's practically impossible for some of the smaller companies. do you see companies, particularly the little bodegas and stuff going out of business now? >> t not that they're going out of business, but you know what, all of a sudden the owners have to be working the tables and to be working the business themselves. david: right. >> and, you know, look, my heart's out for 'em because a lot of 'em can't pay theseson rates and overtime and benefits -- these amazon rates and overtime and benefits. they are struggling to get people, but some of them even come and deliver to us. we buy from a lot of small local businesses, and is we see the father and the mother and they've recruited the uncle. david: right. >> to drive the trucks. david they've they're pushing me along, but you always pride yourself on buying locally.

because of the supply chain, even though they're easing up right now, these supply chain problems, are a lot of companies now buying locally more? is it helping local producers? >> it definitely is helping local. and the nice thing is it cuts down on the transportation costs, so you don't have to raise your price z as much -- prices as much. so i would encourage everybody listening today, go local because you're not only helping your community, but it's also lower transportation costs. david: it's always good for everybody. stew, great to see you. thank you very much. have a wonderful super bowl weekend. appreciate it. >> hey, let's do -- go to that big mansion in miami and have a super bowl party, david. david: sounds good, a although that was in bel air a. thanks a lot. appreciate it. well, law makers want to take action against russia, but they have yet to come up with a bipartisan sanctions bill. we'll tell you what the holdup is right after this. ♪ i'm work on a dream.

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♪ david: well, yesterday president biden threatened to bring an end to the nord stream 2 natural gas pipeline if russia goes through with an invasion of ukraine. mark meredith joining me now with the latest from the white house. >> reporter: good afternoon to you. president biden insists u.s. and germany are on the same page when it comes to potential consequences that russia may face if it ultimately invades you ukraine. just yesterday we saw the president welcome the new german chancellor, the two hen spending a lot of time focused on all things ukraine, urging russia to think twice about any potential invasion plans. both countries also promising harsh economic sanctions if russia were to do just that. the president also making it clear russia will see another

major immediate consequence. >> if russia invades, that means tanks and troops crossing the border of ukraine again, then there will be, there are will be no longer a nord stream 2. we will bring an a end to it. >> reporter: -- built but not operating yet, carries natural gas between russia and germany underneath the baltic sea. it's a crucial lifeline for germany's economic and energy security, and the german chancellor stopped short of mentioning it by name during the news conference. instead, he says his country and the u.s. are united in their potential response. >> why won't you explicitly say, russia, if you invade ukraine, we're canceling the pipeline? >> we are doing much more as one step. all the steps we will take we will do together. >> reporter: both leaders expressed a strong desire to work together on many issues including what's going on with

climate change as well as an effort to address the pandemic on a global scale a. but, of course, with so much riding on what russia may or may not do, david, the new relationship may be tested sooner rather than later. david: thank you very much. let's get reaction from republican tennessee senator bill haggerty. great to see you, senator. thanks for being here. specifically, the president, our president was asked yesterday whether or not germany would go along with ending the in order nord stream 2 project, and he said i promise you, we'll be able to do the -- to do it. i didn't hear the same kind of promise from the german chancellor. >> nor did i. i think it's a real concern in terms of where germany lies in all of this. their resolve has not been demonstrated in this case. they've got an economic dependency that they want to get lower energy prices because of the bad decisions germany's made along the way to make themselves less competitive as a nation. so they're looking at this

pipeline as a way to level the playing field with the united states. why the united states is going to to along with this is -- go along with in this is beyond me. again, ever since biden came into office, vladimir putin's been dealt face cards by this administration. you know, the war that biden waged on the oil and gas industry right here has caused prices to go up around the world, and it's basically funded the russian aggression because russia is the second largest producer of oil and gas in the world. david: yeah. i've come to expect nothing from vladimir putin. i do expect something from our allies, and the president there just made a promise for germany, suggesting that germany would go along. he doesn't seem to be able to follow through with that promise, does he? >> it's a real question in my mind and, i think, in others'. what we ought to have done is put sanctions in place already. we need to demonstrate resolve. no more just words, we need to

actually demonstrate our resolve by doing deeds and imposing sanctions now, imposing sanctions a couple of months ago would have made more sense because vladimir putin needs a taste of what's to come. david: there's another problem that we have in foreign policy and, of course, that's china. the senate passed a bill last summer that included some of your republican colleagues voting in favor of it. it was called the endless frontier act. it has now morphed into this sort of corporate welfare program which includes all kinds of things. i think we can put up the list onboard. we just had one of your republican colleagues on from the senate who voted in favor of it, and he said it's grown out of control, and he thinks he can get it back into control. look at all these pork projects that are include in it including a lot of green climate pork but others as well to our semiconductor industry. do you really think it can be contained when it goes back to the senate, or is there too much pork in here to get rid of? >> certainly far too much pork for me at this point, david.

i think a real problem. i think what we ought to do is look at the are legislation i put forward just recently. it doesn't require any budgetary expenditures on our part, but it makes us plaintiff competitive against china for semiconductors. it collapses the permitting timeline. that's the type of legislation we need to be focused on rather than more pork programs and things that get loaded up like a christmas tree. david: it's amazing what you can do without spending money. [laughter] it shouldn't be a knee-jerk response from politicians. finally, irs snooping has concerned a lot of americans when they saw plans to super-size the irs in the bbb program including 87,000 new irs agents there. is there still a chance that this will are somehow get through? because i know you've been very hard against it. >> listen, americans do not want the type of snooping that we're seeing coming from the irs and the proposals coming from the biden administration. what we found is in the covid-19

relief act, the so-called american rescue plan, that they back doored a new power, a new authority for the irs to require reporting for every transaction above $600 for third party vendors like venmo and paypal. that's going to require or much more overhead, much more reporting, and the irs is going to have far more data on our lives. you saw what happened with the biden administration's release of data, the leaking of individuals' tax data to propublica last year. i questioned treasury secretary yellen about this directly, no one has been held to account for this. americans tonight want to see this. david: last summer they said they'd get to the bottom of it, we till don't know who's responsible for that leak. senator haggerty, thank you for being here. after the break with, a new steel deal. president biden gets set to push made in america, but some fear we're relying on other countries more than ever. that's next.

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muck. ♪ david: u.s. steel is breaking ground in the middle of arkansas, but there are renews fears the u.s. will become too reliant on foreign steel. grady trimble has more. hi, grady. >> reporter: hey, david. and that's because of a new deal reached between the united states trade representative and japan that does away with the 25% tariff on imported steel from japan up until a certain amount, and then it will be once again taxed. there were fears that doing away with tariffs entirely would cause more reliance on foreign steel, but i spoke with the ceo

of u.s. steel today who told me this is actually a good deal because of that quota and after that quota, it will be taxed once again. he says this is a good way to avoid becoming too reliant on steel especially from china a and elsewhere overseas. he says this deal was done thanks to the current administration but also the trump administration who put those tariffs this place in the first place and caused a deal to be negotiated. listen. >> the extent that we can create more of a level playing field where china may shift to somewhere else and it finds its way through other channels into the united states, this makes sure there's a quota and then a tariff on top of that. >> reporter:day also says -- dave also says this is a great time to expand steel making in the united states, and that's what they're doing here today with ground breaking for a new facility that will double the steel making here, be more energy efficient and produce if hundreds, if not thousands of more jobs in this area of

arkansas. if the governor of arkansas a was on hand, he's been raising speculation lately that he might be running for president because he's been raising his voice nationally on the political stage and criticizing former president trump. i asked him if he plans to run. he didn't say yes, but he didn't say no either. >> there's going to be a lot of good voices in 2022 that'll help shape where we go in 2024. but, obviously, you can't get ahead of ourselves. it's very important to focus on now. the president, in terms of this election, but let's don't relitigate what's happened in the past. >> reporter: the governor says the reason u.s. steel chose arkansas is because of incentives, it's business-friendly, and they have a work force here who is ready to work. david, the ceo of u.s. steel called arkansas the new capital of steel making in the united states. david: and they are great people, absolutely great people will.

good to see you, grady, thank you very much. well, the department of justice is now investigating numerous short selling firms for evidence of trading abuses. charlie gasparino joins us to discuss. >> some of this is sort of baked into gary gensler's public schedule. david: the sec chair. >> yeah. his public schedule is usually two months late, but if you go back to november, gensler was meeting with heads of trading firms and her ific garland, which is leading this investigation. david: the a.g.. >> you see a combination of the sec and the doj, a lot of sources are telling us, cooperating on a short seller investigation. they essentially have something to do with what's known as activist short sellers and their networks whether they somehow plant negative stories about stocks -- david: no. [laughter] >> -- and whether they engage in trading around those negative stories, that is a manipulative activity. now, i will say this, as someone

who's been around a while, this stuff is incredibly difficult to prove. first off, i've seen in the past these short sellers often believe in their own b.s., they believe these stocks are ared bad. david: right. >> and they put reports out. there's nothing illegal. there's something to do with the first amendment. something else, for all of the columns written about this, bloomberg's going craze a city, we broke the story that as many as 60 firms are in the scrutiny of it, bloomberg came out with something after ours. for all that stuff, i can't find too many people that got subpoenas. i think muddy waters research maybe, andrew left, maybe. and maybe citron research. i have not seen many -- if you put, go down the list, i don't want to name names, but everybody on that list except for a few have not gotten subpoenas. david: you think of all the a cases, people like patrick byrne, remember, when overstock

who claimed, you know, the short sellers were always a after him, and he seemed to collect a lot of evidence, and it didn't really go anywhere. >> because there was good reason to short his stock. i mean, listen, i have nothing against patrick are. i actually personally like him. he's crazy, but i like him. he's a true believer in stuff that he touts. and i think he really did believe there was a cabal of short sellers trying to gang up on him, but proving that is huge particularly when the company has issues. you know, we live in an era where you can debate these things. again, i finish aside from maybe muddy waters, i don't know too many people that have -- david: so bottom line, you don't think the sec's going end up with any scalps on this. >> they're making a lot of noise, but usually it's more than noise that brings the case. i want to see some evidence. and, by the way, where's the evidence that any of these guys did anything wrong? david dave it's like insider trading, it's really tough to

prove. >> that's a little easier than this, belief it or not. david: wow, if that's easier -- >> maybe because you have the shield of the first amendment. how do you prove they don't believe their negative report? david dave right. >> it's very hard to get merchandise the guy's head. david: charlie gasparino, thank you very much. more cavuto coast to coast right after this. dad, we got this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates

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david: well, a new effort in san francisco to help enthe drug crisis is doing quite the opposite, many say there. fox news senior correspondent claude ya cowan joining us now from san francisco to explain. claudia. >> reporter: hi, david. that's right, the new linkage center in san francisco's gritty tender loin district is intended to connect homeless people and drug addicts with services to help them get sober and off the street. while that may be happening to some degree, we saw rampant drug dealing there on market street outside the center as well as people passed out on the sidewalk, hunched over in their wheelchair. there's reportedly a lot of drugs being used merchandise this center too. this -- inside this center too. this comes just weeks after mayor london breed vowed to crack down on drug use in the tenderloin. he said, quote: we have to pick our battles and at least give addicts some assistance.

>> -- anyone to do anything, ask at the end of the day, you know, this is a place where there's no judgment, where there isn't a one-size-fits-all solution. >> reporter: but tom wolf, a formerly homeless drug addict, disagrees. now an advocate for recovery, wolf says the only real solution is mandated drug treatment which the city isn't doing. >> are we just going to let people continue to use and continue to spiral down into addiction, or are we going to ask our leaders who clearly have the authority as what we've seen with covid in the last two years to lock things down and step in and make mandates about drug use and and open-air drug dealing and break up these drug scenes so we can save our city from itself. >> reporter: san francisco saw a -- saw 650 overdose deaths last year, 700 the year before, and now millions in tax dollars are being spent on a city-run

center that certainly resembles an open-air drug market with no indication that's changing thit soon. david: enabling is not helping, it's that simple. claudia, appreciate it. fentanyl overdoses on the rise, the majority of fentanyl trafficked in the u.s., not surprisingly, comes from mexico. let's bring in former ambassador to the u.k. for venezuela, vanessa neumann. great to see you, thanks for being here again. how much is our fentanyl crisis, our epidemic we would call it, fueling by the open border we have down southsome. >> thank you very much. well, you have a number of things going on. i'm not sure how -- whether i would necessarily characterize the border as that open, but we certainly have a migration crisis because of the failure of institutions and democracy, corruption and fighting gangs. and these gangs have really made a lot of money and have benefited and gotten more brutal during the pandemic. you have finish and they tend to

move both people and narcotics. david cay exactly. >> so what you have is they go together. and the more people you have, the more they can act as mules or be recruited as mules, and they're fleeing a failure of government services, of corruption. and is what's also happening with the fentanyl is that china is providing a lot of the key inputs for fentanyl production. it's coming in from china into mexico. and as you know, the chinese relationship into mexico has improved, has improved, certainly. and there's just, you know, the governments are distracted dealing with the covid crisis, dealing with political cry serious as a -- crises as a result of covid and, therefore, they're not really addressing the criminality. and also, of course, an attitude towards drug traffickers of hugs not bullets. david: yeah. >> so he has unwound all of that, and we are seeing that

coming -- david: by the way, for our viewers, the president of mexico, those are his initials. but the opioid crisis predates the pandemic, but the pandemic made it so much worse because people were stuck in their homes. people that were, you know, really had nothing going on in their life, many of them experimented with drugs and got hook hooked, right? >> that's exactly right. you have a spike in demand as a result of the pandemic and the lockdowns, people separated from their families, people don't have to go into an office, they're not taking their kids to school, so the disruption of that schedule of obligations and the solitude and depression that came from the lockdowns, a lot of people started to self-med candidate. and if drug use in the united states has spiked as a result of those lockdowns. and that -- and the spike in demand, of course, makes more money for these criminal gangs who have benefits -- benefited from that and have serve the market. teafd david these stats that we're seeing up on the screen

now are frightening. vanessa neumann, great to see you. appreciate it. well, a quick market check before we go. the dow is doing extremely well. it's up 350 points right now. s&p percentage wise a little less, but look at the nasdaq on a day when interest rates are up, the nasdaq is up as well, and that's a very good sign. inflation data on thursday, that could change everything. more "cavuto coast to coast" when we continue. ♪ ♪ at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. trelegy for copd. ♪ birds flyin' high ♪ ♪ you know how i feel ♪ (coughing) . .

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♪. david: well markets are doing great but not so for oil. oil prices falling from seven year highs as iran nuclear talks continue. more oil from iran means lower prices. that also has energy stocks sliding. it is a good day for mr. charles payne to take over. very positive day. charles, take it away. charles: less heavy lifting today, thank you. appreciate it. good afternoon, everyone, i'm charles payne. this is "making money." breaking right now the market in rally mode but it is still a very tenuous situation where things can change in the blink of an eye. there is something about spunk, right, when everyone says the rally is doomed, the market acts like this i absolutely love it. what if i told you 50% drop in the market would be a correction, not a bear market, but a correction. i have one