charles: good luck to the bengals. rob, scott, thank you very much. i just will reiterate one thing, we were here during the pandemic, march, april 2020. we were here in december. that was tough christmas, can december 2018. and immediately thereafter, tons, a lifetime of money was made, so do not panic, whatever you do. i'm going to hand it over to lauren simonetti. she's in for liz claman and, boy, oh, boy, i'm watching every minute of this next hour. laura: -- lauren: these are scary times, charles. fed fears, worries over imminent hostilities between russia and ukraine sparking the selloff that you are seeing friday afternoon. there is one green arrow on that screen. it is oil, topping at one point $94 a barrel. we have cp morgan chase's chief global strategist david kelly right here beside me to put it all in perspective for you because i know it's scary when you look at these redder rows that we saw yesterday too. meanwhile, a crackdown could be

coming for the canadian truckers along the u.s. border. we're going to go straight to ottawa for a live report. super bowl sunday, it's almost here, and fans of the rams and bengals gearing up for the big day, but could it be the coming-out party for crypto? we're going to go to the site of the super bowl for details. and former bengal anthony munoz is going to be here sharing his experience playing in the big game not once, but twice as cincinnati's going to try to do it three times sunday. a company that is battling with elon musk for superiority of the brain. the ceo of neuroone joins us in a fox business exclusive. all right. investors already under pressure on inflation and those fed if rate hike worries, but now geopolitical concerns are piling on. in a white house briefing the last hour, national security adviser jake sullivan warning that russia could potentially

launch an invasion of ukraine any day now and advised any americans still there to leave immediately. sullivan also said an attack could possibly come while the olympics in beijing are ongoing. let's start with the 10-year treasury yield, losing ground as investors flee to the safety of government bonds. the treasury yield is now down 8 basis points, 1.95%. wall street's fear gauge, the vix index, is hitting its highest level since january 31st. it was at 31, now it's backing off to 29 and change. oil futures rising over 5%, now 93.60 a barrel. the u.s. dollar, that is strengthening on the invasion fears of ukraine as well. and defense names are moving higher at this hour. let's pull them up and talk more about. this developing geopolitical crisis with chief global strategist is at jpmorgan chase, david kelly. i'm just looking at the plays that investors have in front of

them. you've got inflation, now you have the russian tensions. do we stand a chance? what do you do? >> i think the market will correct more significantly because of this if we do have an actual russian invasion of ukraine because that could disrupt global oil markets, global natural gas markets, could affect the european economy. but i think what you do is look at valuations. the whole market isn't affected. large cap growth stocks in the u.s. are pretty expensive, but value stocks aren't expensive. international stocks, in general, are not expensive. there are areas in the market you can invest in and not be too exposed as a long-term investor even if the market takes a hit from this. la. lauren: so far this year the s&p 500 is down about 7%. you say the market can instantly correct? what is the decline that you're looking at? how bad does it get? >> you can't predict that in any exact way. what you know is if you buy stocks for the long run are, they're going to be more

volatile, but in the long run, you get more returns. so, yes, you could see a significant correction, but you've got to think about what you own here. lauren: do you think investors might just take money off the table and say let this play out before we jump back in. >> i think some may, and a lot of investors invest pass ily, don't want to realize capital gains, so there are things that support the market, but there are people who are going to time this and try and ride it down, make some money by shorting the market and that could, of course, cause a more significant correction. lauren: we got the consumer confidence number for february, current number, early this morning. it's at a 10-year low. investors concerned about the rising cost of life, right? inflation, that continues to be a worry. 7.5% is the running rate. and also economic policy that is contributing to it. you know, and now we're looking at oil prices popping because of this imminent potential invasion into ukraine by russia. inflation's everywhere.

it shows no sign of -- what should the fed dosome. >> they should take it easy. this bout of inflation was caused by both this administration and the last administration pouring more money into the economy than the economy needed. we didn't need those one-time check, but a lot of people spent the money at the time when there really wasn't supply. too much demand, not enough supply, that's what happens. the federal reserve should gradually increase interest rates because they're too low. lauren: define gradual. are you talking about seven rate hikes this year? >> no, what i think they should do is raise 25 basis points every quarter, 1% per year. that's what he should do. i agree they may go faster than that. the classic federal reserve mistake is to wait too long and do too much, and that's what i'm worried about. they should have started raising interest rates a long time ago, reducing their balance sheets a long time ago, but you don't want to overreact because this

economy's more fragile and vulnerable by the end of this year than it would have been, say, six months ago. and the fed has to think ahead about whether the economy can take it. lauren: i think i heard you say four hikes, in your view. >> that's what they should do. i i do think they're more likely to to go five or six. lauren they each -- they keep saying they're data-dependent, but there could be the big bang there, the half point hike, two jobs reports and another cpi print. >> well, that's right. and the data is being affected, and i do think inflation will ease during the year, but also you've got to think about ukraine. if you do have an invasion, you've got a lot of uncertainty, big fall in the market, that actually might cause them to hold back. lauren: so the fed's going to hold back then many. >> we don't know. i think we'll know more when we see how far vladimir putin is willing to push this murderous campaign. there's no reason for this at

all. this is a terrible, terrible things too to the poor people of ukraine. let's see how far he goes, let's see how far europe and the united states react to that and what that does to oil and natural gas prices. when we know that, i think we'll have a better idea of what the economy and the fed are going to do. lauren: reports are that russia's actions could start as soon as tuesday. so it seems like it's imminent now, and investors are trying to respond in the meantime. >> yeah. the administration's been kind of warning us, but it's just very tragic for the people of ukraine. lauren: are you worried about stagflation? >> not in the long run. i think stagflation doesn't persist for a long period of time. you may have a time where the economy's in trouble, but the economy getting in trouble will kill the inflation. so it looks like, you know, the cure of one disease causes the other, so to speak. i do think inflation's high and then you could have slow growth or even potentially recession 2023 if everything goes wrong, but i don't think that stagflation is sort of a

long-term phenomenon here. lauren: what about the r-word, recession? >> i think the risks are rising in '23 -- lauren: dle 23? >> we've got a lot of momentum in the economy. people trying to get back on airlines, restaurants, hotels, we've got plenty of savings, we've got a capital spend cycle, there's such a demand for workers that businesses are anxious to try and find to a way to get more equipment in place, there's a lot of momentum. it's very hard to get an economy to peter out or go into recession right now, but by the end of the year if you've got higher rates, higher oil prices, less consumer confidence, then you could be in more trouble. lauren: so we should be in okay this year, next year you're worried -- >> yeah, but think carefully about what you have in your portfolio. have stuff that's good value, don't have stuff that's overpriced. lauren: quickly, if you were making recommendations right now, what would they be?

>> overweight u.s. value stocks, international stocks in general, be careful about the mega caps, the bitcoins and, you know, the spacs and more speculative stuff. this is not a time to speculate. lauren: david, we appreciate you, especially on a day a when the dow is down 406 points, and investors are saying, gee, what's going to hit us next? canadian lead user using all of their resources to break up the freedom convoy that snarled traffic and shut down production at awe -- automakers on both sides of the border. truckers continue to protest mandates, week two, week two now. actually, heading into week three. that means authorities are going to try to move the protesters out. a canadian court also issuing an order halting access to over $8 million in funds collected by givesendgo that was directed toward the truckers. we have jeff flock, he's in the mying concern middle of it all. jeff, there hope for a resolution before things get

worse? >> reporter: i don't know because i have more breaking news for you this hour as well well, lauren, and that is with regard to the truckers and what we now have established from two different sources here. apparently, trucking companies that own some of the trucks are being called by canadian government officials and being told their truck has been identified as being many in a position that is an illegal position, in an illegal protest, and if they do not remove the truck, it will be impounded and, potentially, they will lose access to it and have their trucking licenses suspended. that would have a chilling effect. and i can show you, you see the trucks that are here, there was another one right here over here where pete's, pete is right now. that guy said i don't want to leave, but my bosses told me if i don't bring the truck back, he's going to send somebody out here to get it, so i need to

leave. and i think that's another prong in this effort that you identified which is the government trying to do everything it can. i mean, this situation you see down here, the convoy here many ottawa was aimed over here at this building which is the parliament. to get the attention of the legislators. the stuff on the border, that is blocking the access from u.s. to canada, that has really gotten a lot of people's attention not just of the parliament, but of people in the u.s. and elsewhere and people that run auto companies, for example. so that's where we are right now. i don't know that there's any answer to your question. i don't know that there's any kind of resolution coming that i see. and perhaps, pete, spin around if you can, increased police presence here as well. some of them would be the equivalent of the capitol police because we're here on parliament hill on wellington street in

ottawa. they expect a large turn turnout of protesters over the weekend, and i think that probably explains in some ways this increased police presence. we're here, and fox will be here in one way or another through the weekend and into next week if necessary if the truckers to as they say, they're going to stay. lauren: yeah. >> reporter: a shot at more mison the screen. >> reporter: we're seeing organizing here too in the u.s. potentially right around sofi stadium in los angeles. jeff flock, thank you very much for everything today. we do appreciate it. >> reporter: thank yous, lauren -- thanks, lauren. lauren: remember this video? one company focused on curing issues inside the brain is already making in inroads to the most mysterious organ in the human body. the ceo of neuroone is here in a fox business essex collusive. the dow is down 465 points. it's off the lows of the session, but it's been an ugly

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♪ lauren: you might have seen the i have owes, elon musk's neurolink is focused on implanting brain interfaces. the company posted this video -- [laughter] showing a monkey playing pong with its mind. if you want to know, there's a banana smoothie inside that tube that his mouth is on, but he's able to do all this with the help of a neurolink implant. it's waiting for fda clearance while another firm, neura one has gotten -- the mayo clinic is a key backer. let's bring dave rosa. thanks for coming on. >> thanks so much is, lauren. lauren: it's so sci-fi. i i want to know what exactly your company's doing right now.

>> we're developing the next generation of electrodes that can be used not only to diagnose, but also to treat those indications. and is really what separates us from everyone else is there's a few things that we try to accomplish, and one is can we make these procedures less invasive. and the answer is you can do that if you're able to make a film very flexible. this is one of the films -- lauren: okay. yeah, keep going. i wanted to make sure -- >> sorry. if you're able to change the shape of it, make it small smaller, you could go as far as potentially placing this through the center of needle to make it less invasive. the second thing is, is to reduce the number of procedures a patient has to undergo. so, for example, if you have epilepsy, you come in for a diagnostic surgery, you go home, you come back then for a therapeutic surgery that removes the problematic area in the brain. what we're trying to do with this electrode, if you can see

it, is perform both functions with one device. so that instead of having the patient have to go through having holes drilled into his brain twice, they could come into the hospital, have it done in one procedure. and then the last, which starts to get to the sci-fi area that you were talking about, is can you create the flexibility with these electrodes to really customize them for whatever you want to accomplish, whatever the needs of the patient. so here are two lek electrodes that are the same footprint. one on the left has 16 points of contact, this has 90. this is more like -- 900. this is more like an elon musk type where the goal is to place a lot more contacts in the brain to treat some of the more complicated issues that patients may be having. lauren: so what are you trying to treat, at least to start, and then what's the big goal? >> yeah. so our initial focus is on epilepsy, and then the next one

that we want to really go after and attack is the chronic back pain patients where we're providing a system that can do diagnostics as well as provide stimulation. lauren: you were just looking at neuralink, a competitor of yours, pigs walking on a treadmill. and it seems to me elon musk has this grand vision of maybe eradicating all diseases eventually and also making humans, giving them super intelligence, walking geniuses. it seems to me that you're more targeted, therefore, more real list ec, therefore, you have that fda clearance. >> yes. so what elon is working on will likely take years, and what we're focusing on is the near term. how can we make these procedures safer, more effective for patients but also have

technology that when it comes time for art artificial intelligence, that all these cool sci-fi things that at least our electro-technology can have some finish. lauren: what do majorities say when -- patients say when they're about to implant something in their brain? >> i can tell you no one is excited about it. you know, brain surgery is very invasive, and each when you use tools that are as small as this when you're drilling tiny holes, it scares the heck out of patients, and it should. so, again, by reducing it to one procedure, you're only putting the patient through this process one time. lauren: yeah. and i hear you've raised $12.5 million from institutional investors. what do you plan to do with that money? >> really continue the development for our therapeutic devices. so we have two devices in development, one that does the combination diagnostics as well as remove brain tissue, and the ore is the -- the other is the

back pain stimulation system. lauren: yeah. you know, and do you think eventually this technology could be used to treat alzheimer's? >> there's definitely some evidence with some of the studies that have gone on, one at the mayo clinic, where we've seen some evidence that it does help improve short-term memory which is really, you know, what you're going after with alzheimer's, so, yes, i do. lauren lauren dave rosa, thank you for coming on. lots of luck because this is really ground breaking stuff. >> thanks so much for having me. bye-bye. lauren: coming up, under armour having trouble finding it way through the supply chain crunch. we're going to tell you what the popular athletic gear maker said was its biggest problem last quarter. that's coming up in pop stocks. one more time. not even halfway through the final hour of trading, and the dow is down 478 points. the markets are under pressure. bonds are rising amid these ukraine tensions and a possible

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lauren: fox business alert, shares of under armour sliding, on pace for their largest percent decrease in nearly two years despite record fourth quarter revenue and earnings. investor panicked after supply chain issues could have a bigger impact on performance than previously expected and will take a 10% hit to current quarter revenue. under armour said its growth margins also expected to fall due to higher expenses which mainly include freight. the stock is at the bottom of the s&p 500 right now. i said they were sliding. yeah, they're tanking. they're down 12.5% at 17.53. meanwhile, take a look at shares of astrazeneca, also taking a nose dive, down 16% after the company announced the fail of rocket launch attacks -- attempts. bank of america downgrading the

stock following that news, lowering its price target to 4, but the stock's at 329 now. like i said, down 16. that's for astra space, by the way. i think i said astrazeneca. oh, my mind's feel on covid. a better than expected fourth quarter earnings support has zillow up 12%. the company expects a robust quarter. a price target or boost from steeple also contributing to the stock's performance. zillow at 55.24 a share. and consumer foods -- consumer goods giant knew well brands is leading the s&p 500, up 11% on a down day. this following a strong earningsing report, and it's just helping shares there. it's nice to see some green this friday. the company on pace for if its largest percent increase in two years after issuing a double

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♪♪ ♪♪ ♪♪ lauren: might as well call super

bowl lvi the crypto bowl as topics changes shell out big money to get their names seen by the millions watching the big game. cheryl cheryl casone live at sofi staid women -- stadium with the scoop. >> reporter: they are calling it the crypto bowl whether it is finance, ftx, crypto.com, they are shelling out big, big amounts of money. we're talking 6.5 million for a 30-second ad. that's the advertisements. you also have have the crypto.com concert arena. i spoke with brandon green, he is the ceo -- of btc media, he said this is a way for companies to build trust with the u.s. consumer. watch this. >> the way that i see it though from the industry broadly is, you know, we've arrive on the main street. we get to bring the narrative to

people in their homes. it's a part of the future of how commerce works. and so if you're not paying attention, you know, by the super bowl, you probably will be are. finish. >> reporter: and, lauren, you know, there's no better audience to get the attention of than the super bowl audience, 100 million plus usually watch with these games. we'll see what these numbers are. the other side of the story out in los angeles is the economic story. i talked to the ceo of the host committee of the super bowl. she says they're thinking 250-400 million at least in economic impact to the city, that's taxes, that's jobs, that's the parties, that's corporations. and speaking of corporations, pepsi, ford, subway, lowe's, they are all a here. they're spending millions of dollars on not just the parties, not just the advertisement, installations here at the nfl experience as well as the amount of personnel they bring into the community. so l.a. looking to get a boost from this. and with 88-degree weather, lauren, i think they have a good

shot at it. my god, i miss you, you know i love you, but, oh, my goodness, it is 88 degrees outside right now. lauren: i think you're saying you might not be coming back. did i hear that correctly, cheryl? [laughter] >> reporter: it's gonna be tough. lauren: cheryl casone, have a great time at the big game. and let the countdown begin because we are two days away from super bowl lvi. this will be the third time in history that the bengals have made it to the super bowl. their last appearance was during the 1988-89 season. pro football hall of famer anthony munoz was there then, he's here now. he's the man in the yellow jacket, and next to him, hall of famer and entertainment ceo michael crawford. gentlemen, thank you for coming on. >> thanks verying if us. lauren: anthony, clearly, you think the bengals are going to win, right? what's it like for the teams right now? >> right now it's a matter of it's a couple of days before the

game, and it's like, okay, let me get dressed, let's go out and is play a football game, it's been long enough. not only has it been long enough since the team's been in the super bowl, but two weeks before the big game, i'll never forget sitting there on friday and saturday saying, okay, let's go. we know the team we're playing against, let's just go do it. lauren: three times the charm, right? >> i hope so. i believe it will be. lauren: mike, tell me about your resort that you've been opening. you're still not totally open in ohio around the hall of fame. >> yeah, absolutely. we've got to create a home for this guy. [laughter] we've been going like gangbusters. construction continues even through covid, winter weather and everything else you can imagine. we've opened a few new facilities, and this year we're opening a brand new indoor facility, this great dome architecture where we'll play a lot of indoor sports. we've got hundreds of thousands of kids coming playing every

single year, and anthony's come up and coached them. finish we've got our retail fan engagement zone, so lots of exciting stuff. this is going to to be the year where we really turn the switch on and have a destination for our guests and fans to enjoy. lauren: how did you guys hook up with doing this. >> >> i mean, the city itself created this vision around the hall of fame, and i give them a lot of credit. i joined, i had done this with disney multiple place, but it just made a lot of sense. people were coming to the birthplace of professional football, but we weren't giving them a place to stay and play and be entertained. you have all of these wonderful hall of famers coming back every single year really informed in the success of the the hall of fame, it just made sense to create a company that could take advantage of that brand in professional football, and that's what we've been doing not only physically with destinations, but the virtual experiences we're creating as well. lauren: anthony, i know you heard the report, and cheryl was talking about in this being the

crypto bowl with all thissing big money coming in from crypto currencies, and i hear you guys have an nft? >> that's being worked on. i think mike can address that. they put it together, they bring it to us, and it shows us the type of work that mike and his staff is doing at the hall of fame village powered by johnson controls. i'm excited by all the programs that they're putting together, especially one, because we have, i mean, you talk about -- i forget how many exactly guys, but 354 in the hall of fame. there are not that many alive. we lose some every year. but to have this program, i'm excited about it. lauren: what would the nft be of, mike? >> well, it's going to be of lots of things. the players themselves, but we just announced today a brand new partnership with the hall of fame and a company called i got it, and we're already starting work. you have to remember, inside the hall of fame we have over 50 million pieces of artifacts that have never seen the light of day, and this is always something that i said. you know, we have the

responsibility to these fans all over the world to be able to give them access to this stuff. and now you can create these digital collectibles, these nonfungible tokens, and so we can show them anthony's jersey, one of a kind, worn in the super bowl, and they can own that digitally. so we're excited to launch that partnership. we continue to launch our play cards and our playbooks, so we're building that business, and it's one that's growing. it's millions of dollars. lauren: anthony, who do you think the next tom brady is, the greatest player of all time? i'm asking you that today when aaron rodgers, you know, named for the fourth time mvp. who's the next hot, big tom brady? >> you know, i don't want to sound biased or anything, but there's this young man -- [laughter] there from ohio, number 9, joe cool -- [laughter] we can say burrow. i mean, i just love everything about this kid. he's been compare to brady, he's been compared to a young joe

montana. of course, it's only his second year, but he's in the super bowl. i think if he stays healthy and continues on the track that he's going, i don't know if there's going to be another tom brady, but maybe he's another that's close to a tom brady, and i guess when you get close to winning seven super bowl ring ares, maybe you could say, hey, another tom brady. joe burrow, i think, is the total package. lauren: i second that. big fan. one more question for you guys. the father's day festival, what exactly is that? >> i tell you what, excitementing. the fatherhood institute is partnering with the hall of fame village powered by johnson control june 17th, 8th and 19th. -- 18th and 19th. we're having a weekend just to have the fathers come and engage with their kids. friday night we're going to have the biggest movie night ever in the stadium, and then saturday we're going to have a full day of interactive activities for the dads to engage with their kids, to jump into their world, spend that time. block everything out and just

spend this time with the kids. we're talking fatherhood festival, but we're not going to leave the moms out. we're going to have some tents set up on the field, and we're going to have spa days for the moms as the dads are taking care of the kids. june 17th, 18th and 19th at tom benson hall of fame stadium at the hall of fame village powered by johnson control. it's going to be a great weekend. lauren: enjoy the experience. go ahead, mike. >> the only thing i was going to add to that is you see how we can create an even bigger destination the excitement and the passion of these hall of famers transcends forth and brings a place and a sense of place to what we're doing. so happy to host these kinds of events. lauren: and you know what, mike? sports betting is legal in ohio, so even more good things are coming your way. >> absolutely. lauren: mike crawford, anthony munoz, thank you so much for the time. have a great time this weekend. >> well, this little piggy had

high inflation. grady trimble is on a farm in the land of lincoln to tell us how farmers are dealing with high prices going hog wild. take a look at the market. now we are at session lows. the dow jones down, it was down 612 points, the lows of the session, the nasdaq over 3%. "claman countdown" coming right back. ♪ ♪ 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 matching your job description. visit indeed.com/hire black rock silver is bringing new life to a historic silver

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muck. ♪ lauren: as report here yesterday, affirm mistakenly tweeted earnings early, now shares sliding as analysts just hack away at it. the stock is down 21.5%. this is a buy now, pay later company downgrade by jeffries to

underperform after they posted earnings that missed the street's expectations, jeffrey jeffries specifically worried about the payment -- impact of higher interest rates. they reported a 57 cent loss are. the stock more than doubled last year but, yeah, 2022 isn't looking as good. america's farmers continue to get crushed by the weight of inflation as that cpo report yesterday with showed the cost of meat and poultry increased over 10% in the last year. grady trimble is live at a hog farm in illinois where farmers are shouldering the burden of those rising costs. it can't be easy, grady. what are they doing about it? >> reporter: i see what you did there, lauren, and we're going to get to the meat of the issue. we're surround ised by hogs, they're inside these pens, but we do have a second shot inside the pig men to give you -- pig pen to give you a look. and i'm going to talk with brian duncan. the these are your hogs, and you

are dealing with rising costs just about everything that you need to do your job and feed america. >> sure. american agriculture's not immune from what a lot of other businesses are experiencing. supply chain cost increases, everything from transportation to labor and packaging all adds up to higher costs here on the farm as well. >> reporter: you grow your own grain that you convert into field, so you think, okay, that's not a huge expend expenditure for your. -- for you. but that also has to get processed. >> sure. the local mill gets it for me, and then there's additives, vitamins, minerals, all those things have gone up along with other supply chain issues. >> reporter: we look at the cpi, 7.5% inflation, but for pork it's over 14% year-over-year in the price, and you've been telling us that a big part of the rising costs of meat, it doesn't start on the farm -- or it starts on the farm, it doesn't end on the farm

because then the meat has to get processed, and that's a huge cost right mow. >> yeah. some of these cost increases find their roots back two years ago during coronavirus when pork producers were having difficulty getting our animals processed, made decisions to slow production and now finds less meat going through a slow supply chain. so it compounds itself. >> reporter: and you've got the meat processers who are still having to space people out to try to avoid spreading the virus inside the facility. the president has been critical of the meat processers, and this is interesting because you're the first person i've heard who said maybe this is something that's worth looking into. >> yeah. i mean, i think producers have had a lot of concerns about the big four packers for a lot of years, how they were leveraging their influence at the farm gate. i think there's a lot of issues play into this right mow, grady. i think labor with a big one, transportation is a big one, and i think unpacking a lot of this before congress for both the input for livestock and grain

could be a good exercise. >> reporter: and when you say grain, that's fertilizer. you need that to grow your grain, and i've heard from farmers who say it's gone up 30%, others say 300%. i mean, how is that sustainable? >> well, we need more, you know, farmers are priced acres, we're going to need higher prices out the back end of the farm to cover those costs. again, in all these supply chain businesses we've seen a lot of mergers and concentration. that just raises a lot of questions. >> reporter: by the way, lauren, we sent the new guy into the pig pen. patrick is our new photographer here in chicago, and i didn't want my clothe clothes to all be stinky on friday, so we sent him this there to deal with it. lauren: that's the first thing i noticed, conveniently, you were outside. you're a smart man. promotion for you with. gradety trimble, have a good weekend. i should tell you to take a shower though, right? even though you're far away. [laughter]

40-year high inflation and the possibility of the fed tightening, maybe emergency tightening, maybe in between meetings, how do you position your fixed income portfolio amid all of that? today's countdown closer reveals his playbook. and let's check on your money as we head into the final 8 minutes of the trading week. off a session lows but, yes, the blue chips are still down 416 points. the rest of the market sharply lower. "claman countdown" coming right back. ♪ ♪ throughout history i've observed markets shaped by the intentional and unforeseeable. for investors who can navigate this landscape, leveraging gold, a strategic and sustainable asset... the path is gilded with the potential for rich returns.

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(naj) at fisher investments, our clients know we have their backs. (other money manager) how do your clients know that? (naj) because as a fiduciary, it's our responsibility to always put clients first. (other money manager) so you do it because you have to? (naj) no, we do it because it's the right thing to do. we help clients enjoy a comfortable retirement. (other money manager) sounds like a big responsibility. (naj) one that we don't take lightly. it's why our fees are structured so we do better when our clients do better. fisher investments is clearly different. lauren: it will feel like a new world monday. breaking news. according to the russian news service. president biden and vladimir putin are set to speak on the phone tomorrow as national security advisor warned that a russian invasion could happen as early as tuesday.

on the big banks. they are dropping their mask mandates. morgan stanley, goldman sachs and jpmorgan starting monday will no longer require that their workers mask up. they all have vaccination policies. the 10-year treasury yield was near 2%. for the week all three are looking to snap a two-week winning streak. disney is the big winner after its blockbuster earnings report and jump over netflix in adding new subscribers. pellton fired 2,800 employees.

it's at 34.73. but that's a gain of 41%. cruise lines among the biggest gains. you see carnival, royal yib and united -- royal caribbean up near 10%. the nasdaq dropped over%. if the nasdaq is down 2 plus percent it would be the first back-to-back losses for the index in almost a year.

jack, we started this block with the geopolitical news. what do you say when you have high inflation. and russia potentially about to invade ukraine. >> it's a challenging environment. liquidity tide and stimulus tide are receding quickly. it's hard to manage portfolios with that backdrop. lauren: i think we are having issues with your audio. we'll work on it and try to get you back. are you back? you said it was hard to advise around political risk. >> maybe it's time to have a little bit treasuries in here.

they sold out significantly on inflation concerns. i think some great opportunities outside the u.s. this year, particularly given china is fighting the stimulus withdrawal. they are adding stimulus. i think they will end up being a bigger contributor to global growth. that means emerging global assets should do very well in 2022. we own chinese government bonds against a hedge of china slowing down. it's more in the developing parts of the global economy, i think we'll benefit as china starts to see a little bit better growth. they are doing moderate fiscal stimulus while the rest of the world is pulling back.

what your number? >> yields are going to move higher until something breaks. so -- lauren: jack macintyre, thank you. the dow down 500. "kudlow" is next. [♪♪♪] larry: hello, welcome to "kudlow." i'm larry kudlow. war fever this the air. wall-to-wall coverage of officials warning of a russian invasion of the ukraine. nobody can confirm anything. let me give you a quick chronology. secretary of state blinken cited new russian forces on