weaker in terms of our military leadership and our presidential leadership, so putin was going to do is something now is the time. futures turn on a dime as soon as that happened just as i thought they would but now bulla rd is out there speaking being a super hawk so we're selling off a little bit now. maria: yeah, saying that inflation is going to be with us for sometime from bullard. thank you, michael lee and liz peek, great to see everybody this morning, "varney" & company begins right now. stu take it away looks like it's going to be another volatile one , stuart. stuart: well indeed, always these days, [laughter] good morning to you, maria, good morning, everyone. all right, three hours ago, a statement from russia's foreign minister lavrov, he says, the u.s. and russia can't keep talking indefinitely, but he can see a way forward with talks. he says there's always a chance for an an agreement. sounds positive and it actually turned the market around, the dow had been down over 300 points earlier this morning, now , we're seeing and looking at

a much-smaller loss. maybe the dow will be down 80, nasdaq down about 60, right there at the open this morning. after interest rates we're climbing backup close to the 2% level again, 198 as of right now on the 10 year treasury. oil, yup, closing in on $100 a barrel, staying at an eight-year high, down a fraction this morning but still at $92.77 gas prices, energy price inflation, right there, gasoline close to 3.50 a gallon. all the markets reacting to lavrov's positive statement. i don't know whether investors are being played, we'll see. but we do know this. in 2016, the clinton campaign spied on donald trump when he was a candidate and even after he had been elected president. they were still spying on him. they paid lawyers to infiltrate trump's computer system in trump tower and in the oval office. investigator john durham has the details of political espionage at the highest level.

the media and the democrats are come physiograph it and this morning they have absolutely nothing to say, amazing. monday, february 14, yes, it's valentine's day, 2022 i did all the right things, "varney" an company, is about to begin. ♪ we are the champions, my friends ♪ >> pass and got it! touchdown. trying to keep it going, gets it away and incomplete. stuart: it's all over there were some of the highlights from the super bowl the rams beat the bengals 23-20, the rams first super bowl win in 22 years by the way, everyone in the crowd was offered a mask, very few of those people wore them. we'll get into all of this , a

little bit later in the show. but here is how the market is shaking, the market actually i should say shaping up this morning. what we're looking at here is very small losses, pretty much across-the-board. all of this , after russia's sergei lavrov made some positive comments about russia- ukraine talks. a bill sell-off turned around earlier and futures are what mostly lower but not by that much. lauren, come on in, please. give me a look at the calendar of economic events for the rest of this week. lauren: in addition to geo politics, so two things a big day tomorrow we get producer prices they are expected to come down from that record high in december of 9.7%, the up-shot is if companies are paying less to stock their shelves they are less likely to pass along those costs and tomorrow afternoon the senate banking committee, they are going to vote on advancing the nomination s of jay powell and some other fed nominees. wednesday brings us retail sales , or higher prices scaring off shoppers. thursday, housing starts and

permits, speeches by jim bullard and will he tone down his rhetoric and we get walmart earnings that day and on friday, some housing date sales of previously-owned homes. i've been focused today on the price of oil we do have the lavrov comments but i think it's fascinating that all of this potential invasion talk, oil prices are down. stuart: well just a fraction. lauren: they did reach a seven- year high i understand that but investors are kind of just trying to figure out what exactly is going on. stuart: keep looking on the bright side for that energy price inflation by all means, monday morning why not. look whose here on a monday morning, the man himself jason k atz. jason, here we go. why should i invest in stocks while interest rates are going up, and russia and ukraine are hanging over everything, and tomorrow we've got producer price inflation numbers, why buy stocks now? >> look, recession risks are obviously elevated, but our base case is that covid cases continue to decline, and you're getting more workers back into

the workforce and you get this shift from the demand from goods to services, so the economy should still grow at around 3% this year, earnings should grow above trend over 11% , so the headline number of 5,100 on the s&p seems like a very tall pass right now but i think the path we get is uneven, but in fact we get there. might be the scenic route we take. it'll be cyclical in value, that benefits from the reflation that we are witnessing right before our eyes. stuart: let's have the conversation again, that we've had so often in the recent past. here is where i'm coming from. i think that in this kind of market, he who loses least actually wins. now you get where i'm coming from here? why don't i sell some of my big tech stuff and go into 2% bonds? why not? >> well i don't necessarily disagree, stu, that you want to

curtail this , you know, exposure in what's taking us to the party, because valuations are very full and very fair there, but you put your money in 2% bonds, you're looking at negative real rates of return. you are behind the eight ball at this juncture by 7.5%, so you may very well be right in the next month, two, or three, that markets continue to be wobb ly, but by year-end or perhaps 18 months from now when the geopolitical noise dies down , the economy resembles something that's normal, i thinkequitys are higher, albeit not meaningfully higher but higher than they are today and it's the sleepy corners of the market. you've heard me say that that are going to get us there. stuart: so you are convinced that by the end of the year, we'll be at 5,100 on the s&p, we're at 4,400 now, that's a major league's rally before the end of the year. >> yeah, and you know what gets us there? it's not the same six or seven

stocks. it's energy stocks. it's financials. it's industrials. it's material. look, the low-hanging fruit has come and gone, you have to do your homework. you have to be thoughtful. it won't be a clear path, but it's not time to head for the hills. stuart: okay, i'm sticking with microsoft and black stone, i'm not selling them at all, forever , maybe. jason katz, thank you very much, sir, see you again real soon. >> very good. stuart: now, the big story on the political front, and i mean big, new filings from the durham report reveal that hillary clinton's campaign did indeed spy on donald trump even when he was in the white house. they are trying to smear him by tying him to russia. tell me more, lauren. lauren: a bombshell revealed in a routine court filing about a potential conflict of interest in the clinton campaign's attorney michael sussman. durham reveals sussman made an internet company which they don't say who it was to infiltrate the servers at trump tower and the white house and build the clinton campaign, all

with the purpose of connecting donald trump to the kremlin, if they described as a dirty trick but no one thought be uncovered because hillary was expected to win the election back in 2016. she tried to take down her opponent then and continued even when he was in the white house. should she run for office again this complicates, no doubt, any run. stuart: complicates? [laughter] understatement. lauren: and there will be likely an investigation if republicans regain control of the house. stuart: there should be an investigation anyway but that's another story. thanks, lauren. let's bring in rachel campos-duffy this monday morning , rachel? i've been searching for this in the media. this broke friday night. all day saturday, all day sunday and this morning i've not seen anything in the media. have you? rachel: no, and they have to cover this up. they have to not tell the story because they're absolutely come physiograph it in it. it's really hard, stuart, to overestimate just what a bombshell this is, because it

didn't just happen on the campaign, which is like watergate kind of stuff this happened inside the white house. the hillary campaign working with tech company, possibly other agents inside of the u.s. government, to spy on a sitting president, and just think about the irony. these are politicians and big tech corporations that would have been selling us out, selling america out, accusing donald trump of being a trader, of working with the russians, the one guy, ironically, who has always put america's interest, economic interests first at great personal cost to himself in terms of, you know, his reputation and the kind of forces he was up against, so, just imagine being donald trump and having to deal with that, so i'm waiting, i'm waiting to see where are the other sitting presidents? where is their condemnation of hillary clinton? where is george w. bush? barack obama? dick cheney, joe biden, liz cheney, by the way, where are they condemning this kind of espionage on a sitting president

, this is an insult, not just to donald trump it's an insult to everybody who voted for him. stuart: let me give you another name that's going to pop-up big time in this , jake sullivan, whose currently the national security advisor. i'm going to quote what he said in october of 2016. three weeks before the election. here is jake sullivan. computer scientists have uncovered a covert server linking the trump organization to a russian-based bank. this secret hawk line maybe the key to unlocking the mystery of trump's ties to russia. this man is now the national security advisor for heaven sake he's the man you see on the screen telling us about when the russians go to invade ukraine. what's going on here? rachel: well his twitter account may just very well be used against him in a court of law and it should. this guy is knee deep in it. he shouldn't even be in the position, he should be removed from where he's at until this is cleared up because we can't have somebody in that position who was spying on a sitting president.

this is third world stuff. this is stuff that we never imagined, this is actually under mining the trust in the american institutions and democracy at a level i've never seen before. we have to get to the bottom of it and by the way don't forget, everybody in the media accused donald trump of being crazy and unstable for saying that he was being spy on. now, we know it's true. imagine for just one second if this had happened to barack obama, if republicans had been spying on america's first sitting black president. this story would never be off the pages of the new york times for the next couple years. we need to get to the bottom of it and we can't let the media get away with doing the silent treatment on this. this is awful and by the way you talked about hillary clinton. she's done. stuart: she's done. rachel: 66% of democrats want her investigated for this. this is outrageous and it's bipartisan. stuart: the durham report did the democrats a favor by getting hillary out of 2024 contention, because no democrats want that.

rachel: i think you're right. stuart: rachel it's great to see you, rachel campos-duffy. rachel: happy valentine's day. stuart: yes of course sorry. i see red on the left-hand side of the screen nothing to do with valentine's day down 9 on the dow 17 on the nasdaq. this , securing the stakes, we're now at the point where walmart is locking up its ribeye roll it. >> you've gotta be kidding me. walmart now has steaks. stuart: yeah, really, locking up the ribeye. we've got the story a key crossing between the u.s. and canada has reopened, but that doesn't mean the freedom convoy is backing down we'll take you to ottawa for a live report, they're staying there, we'll be back. ♪ set me free, because i really want to hear that sound ♪ ♪ ♪ no two dreams are the same.

but there is one van equipped to handle them all. for over 120 years, mercedes-benz vans have been built, upfitted and ready to go. because we believe dreams - should never stay that way. new projects means new project managers. you need to hire. i need indeed.

indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. ♪ ♪ wow, we're crunching tons of polygons here!

what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq municipal bonds don't usually get the media coverage yeah... oh. don't worry i got it! the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-217-3217.

we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income...are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217 ♪♪ for skin that never holds you back. don't settle for silver. #1 for diabetic dry skin #1 for psoriasis symptom relief

and #1 for eczema symptom relief. gold bond. champion your skin. ♪ would you let it ride ♪ stuart: let it ride that's what it says, yes. okay, all right, well what you looking at there is southfield, in michigan near detroit guess the temperature right there right now, it is three degrees. i'd call that cold. let's get the latest on the canada freedom convoy, prime minister trudeau will be meeting with his cabinet today. are he talking about adopting emergency powers? lauren: do whatever it takes to the protest so trudeau will meet this morning about the vindication and there's talk of deploying the military to help on reports that police at times are siding with the protesters and standing back , not doing enough. i can also tell you that ontario 's premier will speak in

15 minutes from now and might set a date on when the restrictions come off. stuart: that's what i'm waiting for the possibility of a deal. leave now and you'll get what you want later, maybe. that sounds like what it could be. well, the ambassador bridge has now reopened but that does not mean that the protests are over. let's go to ottawa, grady trimble is there for us. the truckers, i take it, in ottawa, are staying put at this moments, correct, grady? reporter: they're not moving, stu, in fact we'll show you this is just a crowd that's gathered here in front of parliament this morning just behind us you see wellington street, that's the street that of course goes right in front of the parliament building, and it is still as clogged as could be. yesterday, when we arrived, i would describe it as sort of like a street festival environment. there was music playing, people cooking out, dance parties happening on the street. i just ran into these folks, syl vi and brent. you guys drove 60 hours to get here. >> yeah, we did, from all the way from british columbia.

reporter: you feel passionately about this. what is it about this movement? >> she gave me a call. i was on vancouver island and lady smith and she says get home , because i'm leaving with or without you. [laughter] we left on thursday and we drove right through. reporter: what do you think of the people saying that the cities under siege and the businesses can't operate? >> it is the saddest statement. this is call for unity and understanding and of course, it is a thought about freedom, freedom for the charter of rights that has been stepped on, but it's as well for truth. we need truth about this whole covid thing to prevail, and to be lifted, so much has been twisted and more than we can even imagine, i believe. reporter: how does this end? where do you go from here, because there seems to be a standoff. the mayor announced there's some sort of deal to get people out

of the residential areas, but that just brings more people to parliament amount hill here, so what if police do step in and start taking action? >> if the police step in, they step in, and our freedoms are already violated. our constitution has been torn apart. reporter: stu i'll leave you with this a gentleman holding a hockey stick with a flag on it as the crowd around him sings the canadian national anthem. stuart: quite a sight, grady trimble as usual in the middle of it. i want to bring in stephen moore to join us economist stephen moorement if there is an american trucker convoy would you support it and i ask because these convoys have got nothing i mean this is about getting rid of the mandate for the jab, and if we get one in america, that could really complicate the supply chain again, and could lead to some inflation, so are you in favor of an american trucker convoy? >> well, good morning, stuart. a couple of points. number one, the canadian protesters those truckers have

won. they've won. they have made their point in an emphatic way. people see the pictures, its been misrepresented by the way by the media. it has been almost exclusively peaceful, no question about it. these are people who have made an incredible point not just to the canadian government to people around the world and you're right. you're starting to see this kind of protest now in some of european countries and new zealand and others, so it has been a victory for non-violent protests, and it's probably time for , by the way i do not think that protesters have the right to stop commerce and to block bridges and things of that nature so i think the police acted correctly in clearing the bridges, so that commerce could commence and whether this should happen in the united states, you know, stuart, i actually think that what's happening right now in u.s. is a lot of these mandates and mask

requirements all over the country even democratic governors are getting rid of them now, because the virus is in such rapid retreat so hopefully we won't need protests because all of these mandates are going to go away in the next few weeks. stuart: let me ask you about producer prices. we get the number tomorrow. we're expecting a 9% annual inflation rate at the producer level. if we get that 9%, does that mean higher consumer prices down the road? >> well, by the way one other quick thing about canada. have you seen the latest justin trudeau approval ratings? he's as low as joe biden is in the united states so evidence these protests have really made a statement. yeah, i think we're going to see a high producer price index number and of course that's going to spread down to higher consumer prices, and there's now word, as you've been reporting, that the fed may have some kind of emergency rate increase. i'm in total agreement with that i only think they should have done that nine months ago.

they're way behind the curve fighting this inflation and we've had validation of it and we'll see more validation behind the curve tomorrow. stuart: lots of speculation about what the fed will do and when it will do it. stephen moore thanks very much for being with us monday morning thanks stephen. check futures left-hand side of your screen a little bit of red but not that much. the opening bell is next. ♪ give a little bit of heart and soul, give a little bit and let you go ♪ 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 there's a different way to treat hiv. it's once-monthly injectable cabenuva. cabenuva is the only once-a-month, complete hiv treatment for adults who are undetectable. cabenuva helps keep me undetectable. it's two injections, given by a healthcare provider once a month. hiv pills aren't on my mind. i love being able to pick up and go. don't receive cabenuva if you're allergic to its ingredients or taking certain medicines, which may interact with cabenuva. serious side effects include allergic reactions post-injection reactions, liver problems,...and depression. if you have a rash and other allergic reaction symptoms, stop cabenuva and get medical help right away.

tell your doctor if you have liver problems or mental health concerns, and if you are pregnant, breastfeeding, or considering pregnancy. some of the most common side effects include injection site reactions, fever, and tiredness. if you switch to cabenuva, attend all treatment appointments. with once-a-month cabenuva, i'm good to go. ask your doctor about once-monthly cabenuva. hearing is important to living life to the fullest. that's why inside every miracle-ear store, you'll find a better life. it all starts with the most innovative technology. like the new miracle-earmini, available exclusively at miracle-ear. so small that no one will see it, but you'll notice the difference. and now, miracle-ear is offering a thirty-day risk-free trial. you can experience better hearing with no obligation.

call 1-800-miracle right now and experience a better life. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance.

stuart: everybody wants to know how the market is going to open this monday morning after big losses last friday. well we're down a little bit more on the dow, nasdaq and the s&p. keith fitz-gerald with us monday morning, same question i've been asking and a lot of other people for a long time. how do investor stocks, why do you invest in stocks when you've got ukraine inflation and interest rates around your neck? >> well, there's two answers to that, stuart and both challeng ing at the moment admittedly. number one you invest because the markets are forward-looking because these companies are going to create things that make our world better and profits

will follow. two if you really want to beat inflation and get ahead of all of the other nastiness around this in short-term noise, investing is the path forward and its been that way for thousands of years of market history, so history is very clearly the bellweather here and the short-term stuff that's problematic. stuart: okay can we put up big tech as it's doing right now? pre-market, there you have it. everything is down again. i'm looking at microsoft way below $300 a share, google is down, meta up a tiny fraction, amazon is down, apple is down. are you, this is the continuing dip in big tech and it's really extreme now, would you buy it now? >> it is very extreme right now , now i've already got a comfortable amount of holdings but i'm a bargain hunter so these things continue to drop, this is like going to a 50% off- sale. that's the path forward you buy low you sell high that's how the game works. you'd be amazed how many people say they are going to do that but chicken out when the moment comes so to me this is a natural

, sign the markets are working the way they should be it's hard to accept and stomach it's scary. i get all that but it does not change the upward bias if the market has overtime and that's exactly why you want to buy in. stuart: so you firmly believe that we'll be higher, moving higher, by the second half of the year, 5,000 on the s&p? >> that's a different question. the timing is something we're still working on. i don't have a crystal ball in that regard. i think it depends on three specific scenarios. does the fed gain that control over the inflation narrative, does putin say hey, you know what this was all just an exercise and finally does growth continue and does oil in fact president biden reverses energy policies any one of those things have going to set off or rip your faceoff rally so you've got to be into win because that contingency is still on the table. stuart: in the immediate future, i have to tell you, keith, i'm not doing anything. if i have any money it doesn't go in and i'm not taking anything out that's already there. hands off right now. hands off, you too?

>> no need to catch falling knives herement the other thing the history shows very clearly stuart is theres no rush in this business. these great companies are going to be there and that's what you want to concentrate on, take a deep breath, step back, and relax, let it work itself out. >> [opening bell ringing] stuart: thank you very much, keith, see you again soon, the opening bell is ringing they are ringing it right now and cheering and here we go it is now 9:30 exactly eastern time on this monday, valentine's day. right from the start, we're going to be down a little, ignore that down 500 that's from last friday. we're down 41 points on the dow industrials and it's an even split, winners and losers amongst the dow 30 the s&p 500 is also down a tiny fraction .14 % i'm interested in the nasdaq, because big tech is moving lower again today, and that's down one-tenth of 1% that's not a major move by any means but back to 13.7 on the level. all the big techs have opened down with the exception of meta, which is actually up $0.40 not

exactly a rally. microsoft is down to 2.94. let's get the big picture i want you to come on in, please, susan the russian foreign minister's comments. looks like they really helped the market. >> yeah well you wake up very early stu and i'm sure you saw the s&p was breaking a drop a sell-off of 1%, and then closer to 8:00 a.m. you had u.s. stock futures turning around because you had comments from the russian foreign minister lavrov who said there's a chance for a deal, but then you also had the st. louis fed president bullard again saying he wants to raise interest rates by a full 1 % by july, and as a result you have goldman sachs and a lot of other investment banks lowering their forecast for gain, stock market gains this year. goldman calling for the s&p to hit 4,900 that's down for the 5,100 but you dot math, stu that's still 10% upside, goldman says they are now over weighting cash flow, in this shall we say volatile

global political environment. oil dropping a buck which actually helped after those russian fm comments. stuart: let's get back to tesla because i think there is some interesting and weak data out of china, it's actually up a bit this morning. >> sure, weak, but 59,000 chinese-made cars for tesla so that's a 15% drop from december record, still that's better than local competitors, like expong, neo, and tesla is still winning the china market and selling at more than four times their closest competitor. car sales as a whole is down eight straight months but you already had this warning from tesla talking about supply constraints and zero covid policy that's obviously going to hurt sales and production there. stuart: see what we did? it was up when we started this little chat and now it's down one-third of 1%. >> i wanted to ask though before we get into other conversations i just wanted to double check did you watch the super bowl last night? stuart: no. >> did you watch the commercial s so there was a lot of electric car commercials

last night too, lucid and the like, i think we saw a pol star commercial. stuart: i woke up at 10:45 deliberately trying to catch the end of the game. it was already over. >> yeah. stuart: nbc had the winter olympics on there, the one commercial i did like was larry david on crypto, i saw it after and i thought that was very very funny. are you getting back to peloton? because there's i think their new ceo is saying something or other about the sale of the company. what's he saying? >> yeah, not for sale. he says the company is not for sale at least not yet so peloton's new ceo barry mccarthy telling the ft he wasn't hired to sell the company but to turn it around so he wants to focus on digital content, getting into new countries, and offering new products and mccarthy is moving from la to new york so that is a time investment, a life investment, so it doesn't sound like he's going to sell the company pretty soon, we know he's taking over from john foley , the founder staying

on as executive chair but there's been multiple names floated that could possibly buy peloton for the nike's of the world, amazon even disney, now, tell me if you find this hard to believe because yes , peloton stock is above the ipo offer price of $29 but at its peak it's closer to 180 and we're $50 billion. stuart: yes, i think the market kind of got ahead of itself in the great lockdown mode, because it went from 180 and it's now $ 33. that's quite a drop. >> incredible. stuart: it is. splunk, can't remember what they do. i know they are a software company but they are up on take over talk. >> you say it so well, we just love hearing it so cisco is offering $20 billion, you've heard of cisco and they are looking to buy the big data company splunk, which is what it does so the journal is reporting this be cisco's biggest-ever acquisition. offer has been made, talks are not active, apparently so it's interesting to see if this actually gets done but you have to remember cisco, like say

microsoft, has been using their cash to get bigger, they bought communications last year for $5 billion, and remember, that cisco was the biggest company in the world, what 22 years ago in 2000? stuart: yup. >> so there's a lot of hard to believe moments this morning. stuart: i did a lot of interview s with john chambers who was the ceo at that time. a lot of interviews and now cisco is no longer the biggest company in the world by any means. all right, oh, rivian. >> the apple of its day, yes. stuart: george soros is buying into rivian? >> yeah, oh, so that's right it's outperforming today look it's up three and one-third percent in a modestly-down market and fund management buying 20 million shares in the fourth quarter of last year so that's a $2 billion stake, when soros bought in but with rivian now down to $60 it's only worth $1.2 billion so maybe not the best trade right now, but let's see how it works out long term for them. stuart: let's get back to the cryptos, as i said i really did

like larry david's commercial thought it was very very funny but cryptos are very prominent in the super bowl i understand i didn't see it all. >> well, they call it the crypto super bowl, because of all of the money spent by the crypto exchange of last month, and last night, on the super bowl ads, so remember 30 seconds cost $7 million and all three of these commercials were at least a minute long. coinbase, i think, it didn't really hire any celebrities but they threw up this qr code which confused me at first but apparently this qr code is offering $15 in free bitcoin, which worked because the track that flooded on to the app actually crashed coinbase and they weren't ready for this type of super bowl surge, and it also moved up by the way on the app list of most popular app list that was being downloaded. also, you had of course ftx hiring larry david i wonder how much that cost because larry david is not cheap and crypto.com had lebron james instead of matt damon and they

didn't do the fortune favors but i think it's pretty evident, tell me what you think, stu, but the trend is this is where the moneys going, obviously, the crypto exchanges have a lot of it, and they've been willing to spend but also going mainstream as well, and gaining the message out there. stuart: well the super bowl is the best showcase for america, isn't it? i mean, you got 110-120 million people watching it's a good place to be. susan we'll get back to you a bit later on thank you very much check that big board, we're in seven minutes into the session and we're down 137. better better than one-third of 1%. the 10 year treasury yield closer again to 2%, 198.8 the price of gold is up $20 this morning at 18.62, inflation here it comes. bitcoin this morning is 42, 700 right now, oil $92 a barrel, nat gas is now above $4 per million british thermal units i believe, gasoline holding at 3.49 on

average, that's regular nationwide, oh, poor old california you're up to an average of 4.70 now for regular and there's this. congresswoman alexandria ocasio-cortez says it's just a matter of time before texas turns blue. roll it. >> texas turning blue is inevitable. >> [applause] >> it will happen. the only question is when. stuart: inevitable. a bold prediction i believe. we will take it on. the pentagon says the russian invasion of ukraine could happen at any moment. roll tape. >> we have good sources of intelligence and they're telling us that things are sort of building now to some sort of opportunity for mr. putin. stuart: and they are releasing that intelligence constantly. we are now using realtime intelligence to pressure the russians. is that an effective strategy? former green beret congresswoman michael waltz joins us next hour , $250 a month that's how much we are paying on average, every month, extra, because of

inflation. not uniform across the country. we'll tell you where it hits the hardest after this. ♪ it's taking me higher, higher, higher off the ground ♪ desert mountain energy, an advanced development company with helium, hydrogen and noble gas assets, is looking to capitalize on the historically high cost of helium, an element critical to healthcare, the high-tech

industry and green initiatives. desert mountain energy.

stuart: yes, we are spending more, because of inflation, now, we know exactly how much more. lauren has the numbers. lauren: from moody's 250 bucks a month, that's $3,000 a year, and it's even more among the 45-54- year-old generation. i think that's older kids likely own their home. they are spending $305 additionally each month, but wages have gone up that's great but clearly not enough to counter this blow of higher prices still under water when you look at how much you're making versus how much things cost. stuart: absolutely inflation

wipes out wage gains, case closed let's bring in of boxed, that's a bulk retailer delivery company. old friend of this show and the ceo is jay wong, who joins me now. jay, inflation has indeed pushed online prices higher, groceries got particularly hard-hit. is there any sign where you're sitting in the middle of your business that inflation will soon start to ease? any sign at all? >> you know, stu, thank you for having me back on the show. usually i try to keep it light hearted but the reality is there s no signs of this easing at all. what you talked about before with fitzgerald about how the producer index comes out and it comes out hot by all thes that's going to trickle down to grocery prices as well overtime but we're probably going to see this growth in prices for the time being. stuart: any improvement in the supply chain problem? any area of improvement at all? >> so we're definitely seeing some improvement there, but it's

really like roving pockets if you go to your local grocery store and online to your local store that actually has an online experience what you'll find is theres pockets, maybe it's the dog food this month or next month it's a toilet paper and then it's back to fresh meat and then it's produce. it's like wack-a-mole but hopefully over the next year this will be the year, given all that's going on in the world i wouldn't be surprised if we continue to see some of these pockets move around. stuart: let's talk about your business. it seems like when we're in lockdown mode your business really took off, and now we're not in lockdown mode, demand for consumer products still seem s to be extremely high. can you keep up with demand? >> so luckily we can keep up with demand, but you're exactly right so when you think about online shopping, there was a recent study that actually showed why do you shop online and folks don't shop online because of safety anymore. the number one reason is actually convenience, so its gone mainstream.

just like susan was joking about the crypto bowl, cryptocurrency has gone mainstream. online shopping for groceries has also gone mainstream over these last 24 months and what you're also finding is our average order value is quite high so people are still mental ly scarred from the last kind of two years, and so when they go to the store and online shopping they are tending to stock up and buy a lot and by buying in bulk, saving money on gas, you're going to save money quite a bit by shopping. stuart: real fast, how many employees do you have now? >> oh, we have probably about 700 or so employees now. stuart: just wanted to tell the audience, you've began on this show maybe 10-12 years ago. >> with one employee and that was me. stuart: and now you got 700 you are a success story, and it's great to haveou on the show see you again soon. >> thank you, stu. stuart: now, inflation hits different communities at a different rate, different parts of the country at a different rate. break it down. lauren: and it's now hitting the places where americans are moving to, so the sun belt if

you will. take a look at prices in atlanta they are the highest in the nation, rising 9.8% in the past year, similar gains in phoenix, st. louis, baltimore and tampa. that's where we're going, right? you need more cars, you need more houses prices go up and guess where they are not riding as much or at least trailing the national average? the coast. san francisco prices up just 4.2 %, new york city, boston, d.c. isn't that amazing? stuart: i've not noticed that in new jersey however. lauren: but you have in florida how much things cost. stuart: that's true. lauren: big demand. stuart: got it thanks lauren. a new york supermarket chain beefing up security after the spike in shoplifting that's cost millions. they can't lock up fresh produce like they do in pharmacies with deode o rant. that's why this supermarket chain, has to hire guards, the ceo of grastidi is on the show. everyone in the stadium last night at the super bowl was given a kn-95 mask, sure didn't

look like it. nobody was wearing them what a change. message to california governor newsom, time to drop the mask, governor. ♪

municipal bonds don't usually get the media coverage

the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income...are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217

stuart: pfizer's vaccine for children under five has been delayed. the fda says no, we need more information. dr. siegel joins us this morning this delay, to me, means more hesitation, anxiety, and reluctance, so doctor, the question is, do children under five need the vaccine? >> well, stuart, i think it should be available. i look at it as a tool. you know? there's a lot of children under five that have high risks that are obese, that the have underlying medical conditions. i want that tool. 400 children have died from covid throughout the pandemic, lately 30% of the cases under five have occurred during omicron even though omicron has fallen off the table now, cases going down dramatically. the omicron variant tends to affect the upper respiratory airways and that clogs up especially children. overall, it's extremely mild, but i want the vaccine to be available. what this shows is an fda fumble

by the way, where they can't get their ducks in a row, where they discover that the vaccine goes through using one-tenth of what an adult gets isn't enough in two shots for ages two to five. so they have to pullback their position which hardly inspires confidence. stuart: but at this circumstance, you can not mandate a vaccine for children under five, when you aren't absolutely sure how well it works. >> i've never believed in mandating that, stuart. i think that's a conversation that goes on in the doctor's office between a doctor, a parent, even i don't know if you could talk to a three-year-old about this but i've said all children and their parents and their doctor should be having this conversation, not the government, not a mandate. stuart: seems to me, doctor, that right now, this thing, omicron, has gone through us, and it's almost over. i see new cases down to what, 150,000, sounds like a lot but it was over a million six weeks ago. it's almost over, isn't it? >> you're going to see it drop

a lot further this week, stuart. yes it's almost over. its ripped through the country you've got a lot of immunity to omicron out there which the government is also not counting by the way and a lot of people that have been vaccinated i think we're on our way out of omicron. i think you're seeing a lot of restrictions eased. i think they should ease, but by the way, how about easing the restriction without a date on it, please? if you stick a date on it, stuart, it looks like pure politic, right? what happens to the two weeks before you let go of the mandate get rid of them now. stuart: yeah, absolutely. i mean, they gave masks to everybody at the super bowl, yesterday. i didn't see anybody wearing them. that's the way it is. get rid of the masks. we're due for , ready for it. last word?ord? yheayheayofiofta sumta s er wher h h itas huguge nat bionyayheay mk mutkrybody idyndyren d itrhenad nahahad tiveti rid tt. bono aas,re, yonoha wt aut a stuartst?st asas becauseecau theirheirheir e qursnd dsn d't

expintil ts t t. .soheso the t tnfce its a a e wheou dn' dn' nee n i er t wre w wlentyntyntnt veatioveatve hypocrpoy,it pical picypocriyp not pubt hlth.h. stuart: uart'll leave iveve rigg er marcmaiegema tnky ch,, s yn. s rseea newewovidelines for cru. here's where i might run into trouble here. lauren: okay. stuart: are they going to make a booster shot to get on a cruise? lauren: no but if you get a booster shot you don't have to quarantine should you be exposed , for as long so they have now and this starts on friday, three different tiers. so the highest tier is 95% passengers and crew fully vaccinated and boosted the second just 95% are fully vaccinated, and the third is less than that, so the classification means if you're in the top tier you only quarantine for five days versus 10 for everybody else. stuart: so here we go again. there's a tiny bit of news, up go the cruise lines, down go the cruise lines. lauren: and with the cdc still advises against cruising. stuart: they do?

lauren: yeah. and if you're going to they say these are the guidelines the cruise lines should opted into. they don't have to. stuart: get me out of this okay? let's look at the market we are in business for 25 minutes the dow is down 120 points, but the nasdaq is up 77. how about that? still ahead, florida congresswoman greg stuby, former ambassador to nato, kurt volker, gas buddies patrick dahon, joe concha coming on too the 10:00 hour of "varney" is next. ♪ always an forever, everywhere i will be with you ♪ it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile-

-so i can finish analyzing the risk on this position. . . ah, they're getting so smart. choose the app that fits your investing style. ♪♪ there's a different way to treat hiv. it's once-monthly injectable cabenuva. cabenuva is the only once-a-month, complete hiv treatment for adults who are undetectable. cabenuva helps keep me undetectable. it's two injections, given by a healthcare provider once a month. hiv pills aren't on my mind. i love being able to pick up and go. don't receive cabenuva if you're allergic to its ingredients or taking certain medicines, which may interact with cabenuva. serious side effects include allergic reactions post-injection reactions, liver problems,...and depression. if you have a rash and other allergic reaction symptoms, stop cabenuva and get medical help right away. tell your doctor if you have liver problems

or mental health concerns, and if you are pregnant, breastfeeding, or considering pregnancy. some of the most common side effects include injection site reactions, fever, and tiredness. if you switch to cabenuva, attend all treatment appointments. with once-a-month cabenuva, i'm good to go. ask your doctor about once-monthly cabenuva.

♪. stuart: take you back to the 1950s, even though from queen in the 1970s. the rhythm is 50ish. good morning, 10:00 eastern. you better look at money movement today. we have a lot of red ink for the dow, down 188 points. after last week's huge losses. nasdaq up 40 this hour. 10-year treasury getting awfully close to 2% yield. 1.994 at this moment.

bitcoin, 42,000, 43,000 bucks so far. not that much movement that is the markets. now this. in 2016 hillary clinton's presidential campaign paid lawyers to infiltrate donald trump's computer system at trump tower around president-elect trump's system in the white house. in plain english, the democrats spied on trump during and after the 2016 election. that is political espionage. imagine that. they got inside of the president's computer. they did it to link trump to the russians and undermined his presidency. when trump came out and said it, they spied on me, the media scoffed. here is trump on 60 minutes. >> second biggest scandal. the biggest scandal when they spied on my campaign. they spied on my campaign. >> there is no real evidence of that. >> of course there is. it is all over the place.

leslie, they spied on my campaign. >> can i say something? you know this is 60 minutes and we can't put on things we can't verify. >> you won't put it on because it is bad for biden. >> you can't put things on we can't verify. stuart: mrs. stall, you can now. you can prove it now. because we got the evidence. the news of clinton spying broke on friday night in the durham report. the media would not touch it over the weekend. we heard nothing from "60 minutes." they are not covering it this morning. trump hatred in the media rules. the national security advisor played a role. look at this, three weeks before the election in 2016, jake sullivan said computer scientists uncovered a covert server linking the trump organization to russian based bank. this secret hotline may be the key to unlocking the mystery of trump's ties to russia. sullivan is now the mouthpiece for president biden in the russia ukraine standoff.

he is the national security advisor. he was at the heart of this nonsense six years ago. now in one respect john durham did the democrat as favor. hillary will surely not be running in 2024. second hour of "varney" just getting started. ♪. stuart: matt schlapp with us this morning. i can't believe this this broke on friday night. it is now monday morning i'm see nothing media coverage at all. that is a disgrace, matt, case closed. >> face it the fair media is dead. very few outlets are willing to cover these things. i want to say at the very beginning jake sullivan should resign immediately from the biden administration. anybody who was complicit or knew about this criminal activity needs to resign immediately.

they need to be brought up on charges. this amazing bombshell of information shows that the clinton administration paid lawyers to get information on donald trump that then they somehow flipped over to the obama administration as we all know, it resulted in fisa warrants and lord only knows how long the spying went into, deep into the first term of donald trump. this is the worst scandal that we've ever seen in politics. stuart: i don't think hillary can run in 2024 or can she? >> well you know they don't hold her to account and, the fact is they all could be complicit here, stuart. what did obama know? what did joe biden know? like i said, what did jake sullivan know? this was quite an lab rat operation. we're wasting time talking about 1/6. why don't we talk about this criminal activity around how it was used to try to sway a

presidential election? stuart: indeed, why not. speaker pelosi is trying to distance her party, democrats away from the defund the police movement. watch this. >> cori bush, congresswoman, from missouri saying time to defund the police. she is tick sticking by that you're the speaker. how should democrats address rising crime. >> with all respect to cori bush, that is not the position of the democratic party. community safety, protect, defend in every way is our oath of office. defund the police is dead. that cause as concern within a few in our caucus. public safety is our responsibility. stuart: if i call that a desperate pivot, what would you say, matt? >> they're looking at polls. they're looking at polls on masks. they're looking at polls on vaccine mandates. i would remind you nancy pelosi led a kneel-in in capital in support of black lives matter. you cannot support the

organization black lives matter, even if you like the notion of equality which we all stand for but you can't support black lives matter and in the same sentence say you're not for defunding the police. that organization has as its number one policy goal defunding the police. not cutting it back, not trimming the budget. defunding it. this is great hypocrisy. i think voters see right through it. stuart: thank you, matt as always. >> thank you, stuart. stuart: yes. quick reference here, bottom right-hand corner of your screen. the dow is down nearly 300 points. just point that out to you. we have congresswoman alexandria ocasio-cortez, she was in texas campaigning for two democrats and lauren, she made one big prediction. lauren: that democrats will flip the state of texas. here you go. >> texas turning blue is inevitable. inevitable. it will happen. the only question is when, texas.

>> she has got energy. she is a good speaker. she was there, to campaign for jessica cisneros, the democratic primary opponent of sitting democrat congressman henry cuellar. he is too centrist for her. he is promising to u.n. eyes the entire state. extend worker protections to the undocumented. i just question with all the spanish and latinos and mexicans that are in texas that came here legally, are they going to respond to that? you have to remember that, when you are pushing these things. stuart: yeah. move on. let's check back in on the markets, please. i'm looking at the dow in particular, down nearly 300 points. the s&p also slipped by 22 points. i have a lot of red ink now after 3minutes worth of business. dennis gartman with us. same question as usual, dennis, why should i invest more money in stocks when we got the ukraine situation, inflation, and interest rates knocking at the door?

what is your answer? >> you shouldn't. it is a bear market. it started about 11 or 12 weeks ago. i've been very consistent explaining the fact this has been a bear market. they start technically with the fundamentals are, the fuel of the economy, the expand airy policies of the fed are being removed. this will be a bear market that will last for some period of time. you have to be very careful. i've been very consistent. i'm chairman of the university of akron's endowment. i had husband take 10 or 15% of our funds out of the market at the end of the year. in a bear market he or she loses the least will be the winner. i'm afraid this will be far worse than anticipated. i was a little discouraged this morning esther george thought the fed should begin policy sell growing the treasury holdings. i just hope the fed removes the quantitative easing at the end of march and allows their balance sheet to roll off. she wants it actually to be sold off which i think is terribly deleterious to stock prices. i'm a little concerned about

that. stuart: okay. >> you have fed policy and you have geopolitical concerns waxing the market very substantively. be careful out there. stuart: you say it's a bear market, began 10 or 12 weeks ago. what does a bear market look like to you? the market goes down and stays down for considerable period of time? is that it? >> i think slides quietly lower. i hope i don't continue to see 1000 point moves, i like 100 point moves but move lower. bear marketing close higher, close lower and rallies on lesser volume. watch that sort of phenomenon. the internals tell you what is going on. the internals are terribly bearish. this is bear market. i hope it doesn't slide off into collapse but quietly over time. six months we'll be down a little more than where we are, 10 or 15%. you can be a buyer. stuart: you coined the phrase he who loses least wins. we have not forgotten.

dennis, thank you very much. dennis gartman, everyone. >> good to see you. stuart: amd is a mover this morning, advanced micro devices. it is up 3 1/2%. lauren: it is chip wars. amd close ad record industry deal to buy xilinx for $50 billion. days after nvidia canceled plans to buy arm. in the chip wars, advanced micro seems to be winner. stuart: what have we got on novavax? lauren: down sharply. down 9%. even though it applied for covid-19 vaccine for approval in switzerland i will make the argument there is no appetite for vaccination at this point in time. it will change. just now i don't think there is market for it. stuart: yep. weber, the barbecue people. down 16%? lauren: lowered guidance for the year. completely inflation squeeze. cost of goods rose 25%. that is three times the rate of inflation. everyone is saying inflation could be worse than 7 1/2% for some people t was for weber.

stuart: the original barbecue kettle. dozens of those things in my lifetime. elon musk is making headlines. something to do with the national debt? lauren: right now stands at $30 trillion. musk is tweeting the true national debt including unfunded entitlements, 60 trillion, three times the size of the entire u.s. economy. closing that, with something has got to give but getting the debt under control is such a hard sell. it might mean cuts to many popular programs. but more could have individual spending "build back better," is definitely not a solution. stuart: elon musk, deficit hawk. thatthat is a new one. lauren: i said he should run for political office for quite some time. stuart: he could fund his own campaign. that's for sure. cathie woods the ark innovation fund, etf. she is doubling down on stokes she considered innovative, right? lauren: to name three specifically, roblox, block and robinhood. so her flagship arc innovation

fund bought more than $400 million of high growth stocks including all three names which are up sharply the past two weeks. doubling her bet on innovation and rising rates. despite stocks are not profitable and down 25, 30% this year. stuart: brave lady. lauren: she is brave. i want to see how the end of the year does for her. stuart: get to the trucker convoy problem. the bridge that connects the u.s. and canada, big one, it is back open. protesters shut it down for a week because of vax mandate. what does that mean for the "freedom convoy." i will ask one of the truckers in ottawa on the convoy in the next hour. president biden calls out the nfl for lack of diversity. he says black ownership of nfl teams is a question of generic decency. sports agent leigh steinberg will deal with that on the show a little bit later. the president assures that we will respond swiftly to any

aggression by russia. congressman mike waltz takes that on next. ♪. and strengthen client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully.

as a struggling actor, i need all the breaks that i can get.s containing this information. at liberty butchumal- cut. liberty biberty- cut. we'll dub it. liberty mutual customizes your car insurance so you only pay for what you need. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

stuart: all right. for the benefit of our radio listeners i will tell you this verbally, the dow is down 350 points. the s&p and nasdaq also in the red. interest rates getting perilously close 2% level. 1.998, to be precise. president biden facing pressure out russia ukraine situation will affect inflation. edward lawrence at the white house. how will this issue affect energy prices here at home? reporter: we're starting to see the yo-yo in the stock market and affecting oil prices. russian foreign minister is saying there could be a path to a deal possibly although russia

will not negotiate forever, he says. over the weekend president joe biden informed russia president vladmir putin the u.s. would impose swift and severe consequences if he invades. you know about stocks, oil prices flirting flirting with a seven-year high. easing a little bit, up a little bit today. this affects the u.s. as president biden restricts u.s. industry through regulations fees, resticting future development, we've i am poured the most russia oil in 2020 past nine years and growing to the u.s. energy information agency. in fact in may of 2021 we saw the most imports of russian oil in one in history. the energy policy from the white house made us more reliant on foreign oil and europe reliant on russia natural gas. in a exclusive interview by fox's lucas tomlinson, a member of the ukrainian parliament says the part forward is unclear.

>> martial law if russia invades is almost guaranteed, restrictions you apply here. the question what russia will do exactly and even though russia as all the options which option it will pursue is not clear. reporter: that's it. it is unclear. on energy senator bill cassidy is saying, tells fox news the surge in oil that we're seeing in these prices is because of dearming of the energy industry. he says that he thinks the direct result of president biden's policies from in office on day one. stu? stuart: thanks very much indeed. now this is just coming at us right now. the president, as in president biden is offering some support, financial support to ukraine. have we got that right? lauren: yes. this comes from fox's chad pergram. a source familiar with this morning's call between national security advisor jake sullivan and house top lawmakers by phone the u.s. will offer one billion dollars in sovereign loan guarranties to ukraine in an effort to quell and calm the

situation. they're pursuing diplomacy. stuart: yes. lauren: you could make the argument putin is getting what he wants without firing a shot. the u.s. left the embassy in ukraine or encouraged too and ukraine's economy is down in the dumps right now. they need money and they need help. they said, jake sullivan said we're not committing u.s. troops to ukraine but we have 3,000 in poland and we are ready to act if we need to be. this is dip prosy working. stuart: a few hours ago, lavrov, foreign minister of russia said talks are ongoing, we could get some kind of conclusion from those talks. now we have the president offering support financially to ukraine. lauren: there will be a meeting with the senate this afternoon at 3:30. stuart: that is important. okay. there was a phone call saturday. president biden told putin ukraine invasion would cause irrevocable damage. here we me congressman mike waltz. a former green beret.

knows something about military affairs. congressman, the president is using real time intelligence as a weapon, releasing real time information as a way of pressuring the russians. that is what he seems to be doing. is that an effective strategy? >> i certainly agree with the administration declassifying putin's possible false flag operation. that is a long-standing kgb and remember putin was a former colonel in the kgb tack take to create a crisis as preemption or a catalyst for invasion. they also did it in the donbas back in 2014 and they did it in crimea. but stu, i don't think and have never thought that putin is serious about diplomacy. i think this is buying time to get all the pieces in place that he wants including stu, he has moved his pacific fleet and his northern and arctic fleet, the key ships from those all the way around to the mediterranean and the black sea so that he can

effectively blockade energy imports and exports, all other type of imports, exports to ukraine. so i think he is buying time here. stuart: do you think eventually, fairly soon he will take military action? he will put soldiers across acre border into ukraine you think he will do that? >> i do think so. i don't think it's a matter of if but a matter of when and how far he goes. i don't see a full-scale occupation all the way to the border with poland and romania but i do see causing a collapse in the government, putting his own person in place and gobbling up some of the land between crimea and donbas, some other key ports. we've seen amphibious ships moving in. russia amphibious ships loaded with russian marines that can stage that type of operation. let me talk the energy piece as well. we have doubled our russian oil imports into the united states

in the last year. we used to get that heavy crude from venezuela, rightly we cut those imports off. but because biden has cut off any domestic ability to get that heavy crude, he is now created american dependency on russia as well. you're absolutely right. it is going to skyrocket already skyrocketing inflation. oh, by the way over the olympics putin and xi signed their own gas deal in western siberia that will allow him to completely cut europe off and still sell gas into china in the next few years. stuart: if putin did invade or put a foot across the border into ukraine, energy prices go up all around the world big time, just big time. congressman, always a pleasure. thank you for being with us. see you soon. >> thanks, stu. stuart: change of subject, stars from the show, "the sopranos," reunited with a chevy commercial during the super bowl.

watch this. ♪. stuart: okay. it went on from there. i didn't see the whole thing. but we thought it was word while bringing it to you, because we will show you the top super bowl commericals in our next hour, just in case you missed them. we'll go through them for you. ♪.

your shipping manager left to “find themself.” leaving you lost. 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 this isn't just freight. matching your job description. these aren't just shipments. they're promises. promises of all shapes and sizes. each, with a time and a place they've been promised to be. a promise is everything to old dominion, because it means everything to you.

i always had a connection to my grandfather... i always wanted to learn more about him. i discovered some very interesting documents on ancestry. this is the uh registration card for the draft for world war two. and this is his signature which blew me away. being able to... make my grandfather real... not just a memory... is priceless. his legacy...lives on.

millennial precious metals is chasing high is priceless. quality ounces at their flagship assets in gold rich nevada. sitting on a cash balance of $21 million and an initial inferred resource of one point two million ounces of oxide gold. millennial precious metals is primed for success.

♪. stuart: the market shows a ton of red ink for the dow industrials, down 300. the nasdaq is actually up 14 points. i want you to take a look at nat-gas. it is up for dollars per million british thermal units. the point is germany just announced to force gas companies in germany to secure much larger reserves just in case this is another development in the ongoing russia ukraine situation. now let's have a look at some movers on the market this morning including jpmorgan. that is a big stock, down nearly 2%, lauren. lauren: they were downgraded at jeffries to hold from buy.

saying higher expenses like what they pay workers could hold back the stock. despite as rates go up jpmorgan and other bank would stand to benefit but got a downgrade because of inflation. stuart: covid is almost gone including omicron i expect travel companies are doing better? lauren: that would be correct. expedia, up%. susquehanna raised their price to 210 from 190. that is a positive. stuart: we have the stock layaway company. lauren: buy now pay later. they mistakenly tweeted out earnings, got in trouble. the stock was down 20% on thursday. again on friday. still down this monday morning by over 3%. so investors very jittery about touching the firm today. stuart: let's get to the super bowl, shall we, lauren? the rams beat the bengals 23-20. first super bowl for the rams in 22 years i believe. during the halftime show, rapper

eminem took a knee. you can see it right there. i want to bring in leigh steinberg, ace representative of course. leigh, i don't, i feel like race is not yet behind the nfl. kneeling at first hurt the ratings but it doesn't seem to be hurting them now but they haven't got the issue of race behind them, have they? >> no. because when it comes to the hiring of executives and coaches who are african-american they lag way behind. the players are an experiment in racial harmony. they live together every day and do it seamlessly but they just don't have enough representation. they have two black head coaches out of 32 teams. and at one point they had somewhat like six. so we're going in the wrong direction that way, but in general the super bowl is

helping bring people together and pro sports has the effect of getting people from every background, whatever they're doing politically, religiously, racewise, behind a common cause and for me i grew up a ram fan sitting in the nose bleed seats so far away with my dad from the field that you needed electron microscope to see it but i was a ram fan for life so yesterday was full circle. stuart: okay. president biden says that black ownership of nfl teams is quote, a question of decency. watch this, leigh. roll it please. >> the whole idea that a league made up of so many athletes of color as well as so diverse that there is not african-american, qualified coaches to quote, manage these nfl teams?

it just seems to me a standard that they want to live up to. it is not a requirement of law but it's a requirement i think of some generic decency. stuart: leigh, do you believe in, support some kind of affirmative action, eastern a quota program within the nfl for coaches and owners? >> no, not a quota program. but just a bigger push to try to get it done. now there are only 32 teams and buying them is very pricey proposition because you have got franchises like dallas that are over five billion dollars in terms of purchase price but they need to make analysis of why we have so little minority representation and figure out how to do something more expansive than the rooney rule because clearly it is not

working. stuart: okay. leigh steinberg, you used to be called a super agent as i recall i didn't use the words in the introduction. very sorry, leigh, we'll do it next time around. mr. steinberg. >> i forgive you. stuart: you're a gracious, and generous man. we'll see you next time around and glad your rams won. fans were forced to clear the streets after the super bowl win. i guess things get out of hand? what happened? lauren: there is a store loot the by thieves. blocking of traffic. fans were jumping on cars, vandalism and graffiti, reports of fireworks being lit inside of a bus while the driver was inside the bus. police had to come in to disperse the crowds. stuart: saw it before. saw it last night. thanks, lauren. homeless camps near sofi stadium were cleared out ahead of the super bowl. the big game has come and gone.

homeless crisis not going anywhere. kelly o'grady in venice beach, where a new large homeless encampment popped up. is there any plan to address this, kelly? reporter: stuart, that has been the big question residents are asking themselves and not really, unless it seems like there is big moments like we had with the super bowl, right, where we want to get this out. i'm at a encampment that recently popped up last few weeks. that library is frequently with children. this is a game of "whack-a-mole," they get out and only pop up in other areas. this isn't new. nearly every area in the city has groups of tents of people struggling. >> the city has always done this. they have moved homeless encampments last april for the oscars. and so that is their approach. they just want to hide it. they don't want tourists to see this coming in. reporter: at last count 66,000

people were experiencing homelessness in l.a. county, 12% under the age of 18. the annual homeless count is slated for this month, and l.a. sheriff's department says this number increased 20% of 80,000. they are frustrated about lack of progress going into the mayoral election. four in 10 felt unsafe because of people in the neighborhood. 25,000 new mousing units are committed by 2025. many argue this isn't just a affordable housing crisis but complicated by mental illness and addiction. stuart, unless the city tackles these complicated long-term solutions to help the people you see around me, cost of housing, employment, addiction, residents will take matters into their own hands. they already have. they are leaving. stuart: they don't have a solution. that is a fact. kelly, thanks so much indeed. >> >> remember video we showed you a brazen shoplifter walks out of

trader's joe with 10 packs of steak. grocers are fed up. they're taking drastic measures to stop this kind of thing. we'll show you one tactic followed by one new york supermarket chain. we'll show it to you, what's happening there. as for gasoline the national average for a gallon of regular moved up again a little bit to 3.49. getting real close to 3.50. someplaces are getting close to five bucks. we'll have a report from new jersey. ♪.

i'm mark and i live in vero beach, florida. my wife and i have three children. ruthann and i like to hike. we eat healthy. we exercise. i noticed i wasn't as sharp as i used to be. my wife introduced me to prevagen and so i said "yeah, i'll try it out." i noticed that i felt sharper, i felt like i was able to respond to things quicker. and i thought, yeah, it works for me. prevagen. healthier brain. better life. ♪ wait, oh, yes ♪ wait a minute, mr. postman ♪ yeah, yeah, mr. postman - "dear michael, i appreciate your help, patience, and support through the reverse mortgage loan process. you are an asset to aag."

this is from helen, a happy customer, who got a reverse mortgage loan from aag. you see, a lot of people aren't sure if a reverse mortgage is really right for them. so michael and all the experts at aag work hard to make sure you understand exactly what you're getting. they want to make sure you're happy. - [announcer] call aag today and find out how a reverse mortgage can help you eliminate monthly mortgage payments, pay for living expenses, and even high interest credit card bills. call now at the number shown on your screen. - a reverse mortgage with aag can be easier than you might think. or as ann says, "working with folks at aag was like dealing with a friend who had our interests at heart". whether that's for paying off medical costs, or as dennis says, "finally getting that new truck i needed". reverse mortgage loans have helped over a million families

get tax-free cash for a better retirement. - [announcer] if you're 62 and own your home, aag could help you get the right loan for extra retirement money. call today for your free no hassle reverse mortgage guide. call the number on your screen. - these letters show why aag has such a high customer satisfaction rating. "i feel so much better." "it's like a savior to me." so you wrote this. - yes. - thank you, edna. - [announcer] don't wait. see if a reverse mortgage is right for you. call now, the number is on your screen. hearing is important to living life to the fullest. that's why inside every miracle-ear store, you'll find a better life. it all starts with the most innovative technology. like the new miracle-earmini, available exclusively at miracle-ear. so small that no one will see it, but you'll notice the difference. and now, miracle-ear is offering

a thirty-day risk-free trial. you can experience better hearing with no obligation. call 1-800-miracle right now and experience a better life. ♪. stuart: the price of oil holding near a seven-year high. this is pushing gas prices even higher. madison alworth is in new jersey for us. did i read that sign correctly?

gas premium, 6 bucks a gallon and regular, five bucks a gallon? surely that is not the case all over new jersey? i know it is not. reporter: it is definitely not. this station behind me, stuart, is charging really high prices. they're charging 5.89 for regular when you pay cash. if you pay credit, they're charging you nearly $6 for regular. this is incredibly high. as i was driving to it station i saw things more around 3.60, 3.50, 3.70, this station off main thorough way, taking advantage of drivers coming in and capitalizing on that. with tensions in ukraine increasing, we have seen gas prices increase. they're up, way way up from this time last year. let's take a look at the national average across the u.s. today. today across the u.s. americans

are paying $3.49 a gallon, up over a dollar from last year, when we were paying $2.50 a gallon. consumers are holding their breath as crude oil approaches $100 per barrel. it is trading over $90 like you said, the highest in seven years. roughly 50% higher than it was at the start of last summer. this is because russia supplies oil to most of europe. because of all of this, they are cashing in. >> we were largest producer of energy worldwide across the board and there is consequences of all of sudden reversing that policy and not being in a position where we can leverage our energy resources and russia at $90 a barrel they can fund a lot of military operations from the high energy prices and unfortunately we're paying for it at home. reporter: so, stuart, these gas prices they have been increasing with just the threat of an invasion. if an invasion were to actually happen and there was turmoil in

the ukraine russia could decide to withhold oil to europe, driving prices higher up, and driving gas prices up. we're seeing high prices. the station behind me, a real example of that. a concern what invasion of ukraine could do not only for europe but gas prices at home in the u.s. stuart: why am i not surprised that nobody pulled up to buy gas at that station in last ten minutes. i digress. madison, good report. democrats are proposing a temporary suspension of the federal gas tax. that is 18.4 cents per gallon fuel tax on the president's idea, suspended for the remainder of the year. gas buddy's patrick dehaan, what do you think of that, get rid of the gas tax until the end of the year, what do you say? >> a little bit ironic, stuart, from the democrat, folks want to

wean us off fuels and bring prices down and potentially boost demand a little tongue-in-cheek. stuart, doesn't represent behind the station in new jersey. wait until the snow melts it will get a lot more expensive. we'll see higher prices in the months ahead even if the democrats give a whopping 5% coupon on the 18.4% rebate. stuart: why do you say we'll see much higher gas price the in near future? >> stuart, snow is still on the ground. much of the country will start to summer gasoline brenting components, they are still relatively pricing. demand for gasoline goes up as everyone wants to get to the jersey shore. that is probably in june. all factors will point to upward trajectory when we start seeing transition, warmer weather. refineries doing maintenance. all ingredients are there, stuart to hit four bucks a gallon, h. stuart: for dollars a gallon by early summer.

what about nat-gas prices? >> we're seeing the dance around. late last week we were just above 3.99 or $4. we're back above $4. keep an eye on russia. that is the big wild card. we're looking warmer than average temperatures across america, europe as well, that is helping to eprices. a little bit too late for the average household who is digging deeper to pay the heating bills. stuart: bottom line, 4-dollar per gallon gasoline coming, so says patrick dehaan at gas buddy. we'll be watching. patrick, thank you very much. >> thanks, stuart. stuart: a federal judge in louisiana, a key climate initiative from president biden, one he signed on the first day in office. what are we talking about here, ashley? ashley: good morning stu. u.s. district judge james cain blocked biden's order in january of 2021 that factored in the social cost of carbon emissions when creating rules regulating pollution. that order put a actual dollar

value on damages caused by every additional ton of green house gases emitted into the atmosphere. biden hiked estimate to $51 per ton. this after the trump administration reduced the amount to seven bucks or less but in his ruling the judge issued an injunction that stops the administration from using that much higher cost estimate. the legal action had been brought by a group of republican attorneys general who claimed that the administration's move to raise those costs threatened to drive up energy costs while decreasing state revenues from energy production which we know has been going on. the judge agreed with those attorney generals. stuart: got it, ashley, thanks very much indeed. the durham probe revealed the clinton campaign paid lawyers to infiltrate trump's computer in the white house. congressman gregg stuebe is on the house foreign affairs committee. he will be on the show shortly. now what is he going to do about

that, spying on the president? good lord. sick and tired of rampant crime, nothing being done about it? a grocery chain in new york city hiring dozens of extra security guards to crack down on the rampant shoplifting. the ceo of kristidis will join us on the show next. ♪. 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

municipal bonds don't usually get the media coverage let's partner for all of it. the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income...are federally tax-free... and have historically low risk. call today to request your free bond guide.

1-800-217-3217. that's 1-800-217-3217 ♪. stuart: new york city continues to see a surge in crime and robberies. the latest shoplifter got violent and attacked a duane reade staffer. tell me more about that, ashley? ashley: the shoplifter in this case wearing neon orange jacket got violent. the suspect put items from the store's freezer into a large bag he brought into store in the city morning heights neighborhood. when a female employee asked to put the items back, i punched her, verbally attacked her. leaving her with minor injuries. the latest example of a crime surge that has seen overall crime spike more than 41%

compared to the same period last year. some cops telling the "new york post," quote, no neighborhood is secure right now, with one joking that only the squirrels in central park are safe and tourists will never come back if this keeps up. stuart: good lord, that is pathetic. violence is -- ashley: really is. stuart: our next guest is hiring dozens of security guards to crack down on shoplifting. gristedes foods ceo, john catsimatidis is joining me. you will challenge shoplifters instead of letting them walk out. but you could get into legal trouble, can't you? >> stu, make my day. you know the tough survive, stu. new york is getting to be dodge city where we're not getting protection in our stores and we have to hire our own people to go and keep an eye on what is going on in the stores. and an eye what is going on

outside of the stores. we have undercover security outside the stores that will apprehend people. if we have to do citizens arrests, let it be. let's do citizens arrests. we're mad as hell. we're not taking it anymore. that is the battle cry. the fact is, in the old days we don't mind, a person coming in because they're hungry and steal some salami and bread because they're hungry. these are professional shoplifters. they come in and they steal wholesale and go to sell it someplace else. the d.a. that we have in new york is a nice guy. he wants to do the right thing by the people but he has to realize, these are professional shoplifters. these are not normal people. they go out and steal, steal, steal, they sell it to somebody else and, lock them up and throw the key away.

stuart: what you cannot do in a supermarket is, you cannot lock up the products. you can't lock up to mate toes and eggs and ice cream all the rest of it. but you can't. you have to have security. >> absolutely. last night in one of our stores they took like, ben & jerry's ice cream, 40 or 50 of them, 6, $7 a piece. that is $350. that is a lot of money. there is not going to be any stores left in we don't put our foot down. the governor has to put their foot down. the mayor has to put their foot down and say enough is enough. stuart: well-said. john, i wish i had more time because we love that message and we live in new york and work in new york and we want to hear something done about it. >> one more item, stu. stuart: go. >> politicians have to decide for whom does new york for? eight 1/2 million new yorkers or

3,000 criminals? if we put the 3,000 criminals away new york will be a safer place. stuart: john, thank you very much indeed for joining us. come back soon. i want to here what happens with your security guards. john catsimatidis. >> thank you. stuart: thank you, sir. walmart taking a different approach to combat theft of the arcly, come in again. what are they doing? ashley: you said the groceries can't be locked up, wealthy again. one walmart store in florida is reportedly locking up their stake in security wire. i kid you not. there is the video. this video was posted to tiktok. a rib-eye steak for $20.93. wrapped, that is security wire. the video has gone viral. it received over 100,000 likes and 20,000 comments many saying walmart now has its stake locked up. this is getting bad now. one alleged shoplifter in winter haven, florida, through a hissy fit and barbie doll in worker's face after she got

caught stealing. wire on stakes, what is next. stuart: i'm not sure i like it. florida congressman greg stuebe, former u.s. ambassador to nato turk votta and jo concha. energy prices are going up that is what happens when supplies are threatened. russia is playing the energy card. i don't know what will happen in ukraine but you can be sure on this, russia is winning, the west is losing, and we're all paying the price. now. ...

or the famed peaks of whistler, you face the hassle of lugging your gear through the airport. with ship skis, you're just a few clicks away from having your skis, snowboard and luggage shipped from your doorstep to your destination. with unrivaled pricing, real time tracking, ship skis delivers hassle-free. ship ahead and go catch those first tracks on fresh snow.

(naj) at fisher investments, our clients know we shihave their backs.tch those first tracks (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. ♪ join in, on the love train, love train ♪ stuart: 11:00 eastern time it is monday, february 14, yes it is valentine's day happy valentine's day to everybody, check the markets no valentine for the dow at the moment plenty of red it's down 364 points, that's just over 1%, again, down again, but the nasdaq very modest gain, 24 points that's it , and this is why you've got a problem here. the yield on the 10 year treasury has gone back to 2%, and that's up again today.

we've got breaking news, and it's coming to us from the new york fed, they're saying what about inflation? lauren: the good news first? stuart: why not, yes, go. lauren: it's connected to hit 5.8% in january that's the first decrease since october of 2020 that's good news it came down a bit. the bad news is inflation is expected to run at a 3.5% clip three years from now. stuart: whoa. lauren: inflation is here to stay what about wage ms. spears can we keep up with this rising cost of living? the median one year earnings growth remains at 3% meaning we're not going to be able to keep up. stuart: inflation is eating away at wage gains. swallowing them in fact. lauren: yes. stuart: no impact on the market at this point from that statement on inflation we're still down 350 points for the dow. now, this. to biden and putin, the russia- ukraine standoff is high-end geopolitics, to everybody else, it's about the price of energy.

the supply of energy, and climate change. russia has an awful lot of oil & gas and they export it to europe through pipelines, that's leverage. putin threatens a cutoff, if you crane joins nato, europe is scared to death because they are vulnerable. they've turned their backs on fossil fuel and nuclear power, but wind and solar ain't ready for primetime. energy prices are going up. that's what happens when supply is threatened. oil gets closer to 100 bucks a barrel, nat gas is five times more expensive over there than it is here, and gasoline costs what? 6.50 a gallon in the netherlands , $6 in italy and belgium, 5.50 a gallon in germany, again russia is playing the energy card and europe is paying the price. as for climate change, well climate warriors got ahold of joe biden and convinced him to cancel pipelines and drilling projects. they're proud that america lost its energy independence, and in europe, they pushed the uk and germany to abandon not gas simply because it's a fossil fuel. can't have that. i don't know what's going to

happen to ukraine. we're told an invasion is imminent but who knows? but you can be sure of this. on energy, russia is winning. the west is losing and we're all paying the price. third hour of "varney", straight ahead. filing by special counsel john durham showed hillary clinton's campaign paid a technology company to infiltrate servers belonging to trump tower and later, at the white house. we're establishing interference and narrative to link trump with russia. outrageous. it's a scandal, a major proportions. congressman greg steube a republican from florida joins me now. you're on the house judiciary committee. can we do anything about this? >> absolutely once we take the majority back but the real question is is biden's corrupt doj going to do anything against

deep state democrats? i mean, the behavior that this is now making aware to the american people is treason. it's all treason behavior, not only the campaign was infiltrated, but the white house , the sitting president of the united states, and it goes deeper than that, because they use this russian dossier that was promulgated by the clinton campaign to then get warrants through the fbi to spy on the american citizens and the trump campaign to keep this narrative going for years the trump campaign colluded and conspired with russia which was completely and utterly false. stuart: yeah, and the current national security advisor, jake sullivan said this. three weeks before the election in 2016, he said, computer scientists have uncovered a covert server linking the trump organization to a russian-based bank. this secret hotline maybe the key to un unlocking the mystery of trump ties to russia.

that's the man whose now the face of president biden's dealings with russia, and he's heavily involved in this scandal before the 2016 election: does he have to go? >> yeah, absolutely he has to go and that confirms that he had to have been colluding with the clinton campaign in order to have that information, because if we now know through the durham investigation that it was the clinton campaign that was doing all this activity, and he knew that information, back in 2016, then he was colluding with the clinton campaign and conspiring against a legitimate ly-elected president even after he got elected into the white house. that's pretty much the basis of treasonist activity if you ask me, and these people should be held criminally liable for the actions that they took against a sitting president. stuart: i find it incredible that this is an official report from john durham himself and it came out on friday night. this is not a fly-by-night source, durham came out friday night i checked all the way

through saturday and sunday and again this morning, and i can't find the establishment media covering it. can you? >> the mainstream media is more concerned about the half-time show yesterday at the super bowl and what children are doing for valentine's day, rather than the real atrocities occurring in our country, the immigration crisis at our border, the fact that a doj is surveiling on american citizens and we now have proof that the clinton campaign did this. what's happening in the ukraine, mainstream media doesn't want to talk about any of that because it doesn't fit their narrative. stuart: right. there's speculation that hillary clinton wants to run for president in 2024. now, that comes as we've got this cnn survey, 51% of democrats and democrat-lean lean ing independents don't want president biden to run again. the democrats desperate enough to recruit hillary clinton at this point? i simply can't believe that. >> well, i think they're very desperate because all of biden's poll numbers are horrendous and who else is going to run?

it can't be kamalla, because her numbers are worse than bidens so the democrats are going to resurrect hillary clinton despite the fact that her number s are that bad but they are a little bit better than biden maybe, so they just don't have any real leadership in the democratic party and it shows if they are going to go back to hillary clinton who lost to trump in 2016. stuart: admit it, congressman you're having just too much of a good time, aren't you? >> [laughter] well, when we get the majority back and can hold these people accountable. stuart: i worry about the country that's a fact, greg steube, congressman thank you for joining us her, we appreciate it. back to the markets first of all show me the yield on the 10 year treasury that's doing some damage, 2% just over 2% now on the 10 year, jeff cica is with us this morning when you've got this 2% yield what does that do to the stock market? explain it. >> well we have to first of all realize how we got here, how we got to where the market is where it is now is interest rates that

on the 10 year treasury rates were below 1% a lot of the time, so now, when you're looking at 2 %, what we've gotten here, because a lot of investors have been essentially staved out of the bond market. they found no value investing in bonds that were below 1% and they turned to stock, specifically s&p stocks that had a dividend yield that exceeded the 10 year treasury, so you had this big rotation. now, you have the 10 year treasury at 2% and there's competition, so what we may see at some point, especially if that yield continues to move up, is people become more risk- averse, and then they go into bonds because they want to at least make something instead of nothing. stuart: you don't lose it all. you don't lose a big chunk of your money if you go into bonds. you don't get much of a return but you don't lose that much. >> right.

stuart: at this point that's interesting. now airbnb they are going to report i think this week, i think it's wednesday if i'm not mistaking, and you think they are going to do well if i'm not mistaking. >> yeah, being in the hotel business, i should actually hate airbnb but i have to be truthful and know that this company is doing a lot of things right and for the environment that we're in now, stuart, what we have to realize is we are in a housing crisis. right now, with all of this inflation, there can't be enough houses and apartments built to accommodate the amount of people that need homes and apartments, so airbnb, it's very asset-light. they don't own hard assets. they're specifically matching up hosts with guests, and they're filling the gap so it's not necessarily people who go on vacation and take a week at an airbnb. it's people who want a

short-term lease because they can't find anything else or because they're remote working so we're going to see a big number from them tomorrow. stuart: so airbnb benefits from the housing shortage. >> correct. stuart: jeff sica, thank you very much indeed and by the way airbnb stock is up already. thanks. lauren come on in you've got the movers i see on this list. where's ford motor company? lauren: they should be down a little bit, some factories remain idle this week here in the u.s. because of the protests in canada, the border protests are now into week three, they are going to idle production at their ohio plant and keep reduced shifts in kentucky, chicago and dearborn, so on top of the chip shortage, they are already warning this quarter be a low point. stuart: last time i checked rivian was up, because a well- known guy has put some money into it. what do we got? lauren: george soros the family office holds about 20 million shares that's about 2% of rivian it was worth at the time of the

filing $2 billion, that's been cut in half, because year-to-date rivian stock is down 43%. stuart: okay, how about oil companies? lauren: really, they're down and down sharply. really strong year for oil, but these names are down today on hope that there is no invasion by russia into ukraine, and citi just put out an alert saying if there is an invasion oil could jump to 10%. stuart: only time will tell whether there's an invasion. lauren: yes. stuart: now, we've got a new development out of china, sorry, canada. what do we got? lauren: i'm calling this the deal. starting on thursday, the ontario government is removing capacity limits for all in door spaces where a vaccination card is required, that includes restaurants, that includes gym, and next month, march 1, no more proof of vaccination. stuart: really? lauren: yes. stuart: so they backed off? oh, you're right. that's the deal. that's part of the deal. you get your trucks out, open

the bridge, get out of ottawa, and by march 1 is that march 1? lauren: march 1 proof of vaccination will end completely. stuart: and completely across the country? truckers as well? lauren: that's how it seems at least in ontario. stuart: a big deal thanks lauren the bridge connecting the u.s. and canada is back open , protesters have closed it for almost a week and this was last week. the question is, what are truckers going to do now bearing in mind the deal what i'd call a deal that lauren has just outlined? we're going to talk to one of the canadian truckers in just one moment. take a lack at this headline from cnn. joe rogan use of the n word is another january 6 moment. they since removed that analogy. we have the story. more than 130,000 russian troops staged outside ukraine ready to invade, we've got the report, live on the ground from kiev, the cop to of capitol of ukraine , next.

flexshares etfs are built with advanced modeling. to fill portfolio gaps and target specific goals. strengthening client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. your record label is taking off. but so is your sound engineer. 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 this isn't just freight. matching your job description. these aren't just shipments. they're promises. promises of all shapes and sizes. each, with a time and a place they've been promised to be. a promise is everything to old dominion, because it means everything to you.

yep, it's go time on the most reliable network. you get unlimited for just $30 bucks. nice! but mine has 5g included. yep, even these guys get it. and the icing on the cake? saving up to $400 bucks? exactly! xfinity mobile. it's wireless that does it all and saves a lot.

get the new samsung galaxy s22 series on xfinity mobile. and right now, save big with up to $750 off a new samsung device. switch today.

stuart: we've got very important developments out of the canada truckers protest. let's summarize them. first of all, what is the premier of ontario saying? lauren: on march 1, that province will end proof of vaccination everywhere. it will be up to the business to say we want to see your vax card but it's not mandated and they are ultimately going to take the mask mandate off at a later time. stuart: so that's the carrot. agree with us and the mandate will come off. what's the stick? lauren: the stick is what justin trudeau is reportedly doing. he might invoke the emergency powers act, rarely done to use the government to move the protesters. stuart: that's the stick.

get them out, and the carrot is get them out and we'll give you this on march 1. lauren: leave now and in two weeks you get what you want. stuart: i'm fascinated by this i think you're right to say there is a deal in progress here. all right, lauren, the biden team warning western allies that russia could invade ukraine as soon as february 16. that's two days from now. trey yingst, what's the feeling on the ground, trey? reporter: stuart good morning diplomatic efforts are underway in kiev to try to end the tension between ukraine and russia. people are hoping for the best but preparing for the worst. lighting a candle at a church in central kiev. she's praying for peace as ukraine braces for war. >> that's why we are praying to god that he helps us and everyone should do all they possibly can to save peace in this country. we don't want war in ukraine. reporter: updated intelligence indicates more than 130,000

russian troops continue to stage on the border of ukraine, and could invade at any moment. over the weekend ukraine conduct ed military drills to prepare for a variety of scenarios that could unfold. >> right now the ukrainian national guard is simulating for its forces what a riot scenario would look like. there are real concerns by officials in kiev that if russia does invade ukraine, there could be demonstrations by those who are sympathetic to the russian government and they want their forces to be prepared for that scenario. >> today efforts for dilemma's it denuclearization use, german chancellor sholz met with the ukraine ukrainian president this afternoon. during the visit protesters in the ukraine capitol called on the german leader to punish the russians not the ukrainians. >> germany can stop this war by sanctioning and stopping nord stream two and by endorsing ukraine to nato and to the european union. reporter: the german chancellor will head to moscow tomorrow for

a similar meeting with russian president vladimir putin while diplomatic efforts continue, so do military preparations. overnight, alsoithuania delivered anti- aircraft missiles to ukraine and we've also seen u.s. weapons continue to flow into this eastern european country. stuart? stuart: trey yingst, thank you very much now national security advisor jake sullivan says the u.s. is watching very carefully for a phony russian rent to kickoff a ukraine invasion. watch this. >> we also are watching very carefully for the possibility that there is a pre-text or a false flag operation to kickoff the russian action in which russian intelligence services conduct some kind of attack on russian proxy forces in eastern ukraine or on russian citizens and then blame it on the ukrainians. stuart: come in, kurt volker, former ambassador to nato and the trump adminitration. what do you make of this , there's speculation about an invasion on february 16, a

very precise timing there. what do you make of that? >> well, i'd be very surprised if vladimir putin decided to invade according to our timeline i think that the fact that we have made this public and said that's the date or that's what people looking at makes it less likely that it be on that date, and indeed, i think putin is enjoying the parade of senior leaders coming to moscow to see him, suggestions that there might be some kind of concession s toward russia, one kind or another, such as we heard from president macron last week so i think he's just going to continue this for a while. stuart: is this a wakeup call to nato, we should bulk up our forces there and in every sense of the word? well i think in terms of making sure that we are sending a clear signal to russia, that if he attacks a nato country, we will defend that country, and that's very badly for russia. yes, very much a wakeup call for nato, where i think nato also needs to wakeup however is that putin is demonstrating that his style of authoritarian

leadership is aggressive and expands within europe and this is a danger for lots of countries in europe and we should be thinking hard about how do we deal with that threat over the long term. stuart: surely, we should be asking the germans and other people in nato in western europe to pay more and start defending yourself. >> absolutely, absolutely. this has been a long-standing refrain from u.s. presidents going back to ronald regan. the european allies are not paying enough of gdp for their own defense and that means that the u.s. is there covering the gap. we need those allies to show more resolve. we also need them to communicate more effectively toward russia. there's all this talk about we have to deescalate, calm things down, address russia's concerns, as that report that you just showed indicated, the ukrainians feel as though they're the ones being blamed when it is putin that is creating the threats

here. stuart: i see it. mr. ambassador thank you very much for being with us we always appreciate your input and we like it. thank you very much, sir. >> it's a pleasure, thank you. stuart: sure. the chief u.s. equity strategist at morgan stanley, a very important person, is warning what a ukraine invasion would mean for the markets. ashley? you're laughing but this has got to be bad. ashley: well he's very important , sniff, sniff, but the outlook isn't very pretty his name is michael wilson, he says a russian invasion of ukraine could push economies into recession, and increase what he calls the odds of a polar vortex for earnings. in a note to morgan stanley clients, wilson, who by the way is one of wall street's most vocal bears, says investors will soon shift their focus from inflation to economic growth and a sharply-decelerating economy that may mean the fed will not hike rates as many times as markets expect. wilson has persistently warned the u.s. equity markets are heading for a correction. he also has one of the lowest

year-end targets among strategists for the s&p 500, but not everyone agrees with the gloom. goldman sachs has cut its year-end target, yes, for the s&p but still sees an upside of around 11% from current levels for u.s. equities and that's not bad. stuart: it's not. i would take 11%. here is another one for you. back in america will soon let customers pay for things without using the credit card. any idea how that works? ashley: yes. it's truly uk fintech company called "banked" that bank of america invested in. it offers a pay by bank option that allows users to pay online directly via their bank account streamlining the whole checkout process while avoiding card processing fees. those fees are a contentious issue between merchants banks and payment networks such as mastercard and visa, and it is certainly a hot topic in the uk after brexit with both visa and mastercard being criticized after upping some

fees, now that the uk is outside the eu. amazon, by the way, is also recently threatened to stop purchases made with visa credit cards issued in the uk, just ramping up the fight over transaction fees, charged by payment networks. stu? stuart: thank, ashley. a video game from way back in the 80s has acquired astronomical value. we'll tell you what's behind this collectible value surge. remember, how the media reacted when donald trump said russia spied o his campaign? roll tape. >> the biggest scandal was when they spied on my campaign. they spied on my campaign. >> there's no real evidence of that. >> leslie, they spied on my campaign. stuart: [laughter] they scoffed at him and he was telling the report, the report shows that trump was right. will the media cover it now? we'll have joe concha.

♪ we can see clearly now the rain is gone, auto it can see all on steube els in my way ♪

municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-763-2763. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country.

they provide the potential for regular income...are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-763-2763. that's 1-800-763-2763

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. ♪ i love you ♪

stuart: oh, dear, i'm not real keen on paul mccartney, after he left the beatles but a little love songs, they are silly. now that's chicago. looks cold, doesn't it? and it is cold. it's 18 degrees right there, right now. by the way if you like the music we play on the show follow it on spotify, just search "varney" & company and you get the play list. all right, susan? good morning again. good to see you. you've got the movers, start with micron, what? >> yeah, didn't lennon leave the beatles first so how can you blame paul for that, sir paul by the way. stuart: oh, i'm not blaming sir paul for anything other than i don't like his music after he left the beatles. >> [laughter] you're a tough customer yeah, okay let's talk about boise, idaho the chipmaker there, micron and they are getting an upgrade today from wedbush and that's why it's really rally ing the rest of the chip sector, so they are saying micron is worth $120 in their view, because there's going to be a lot of demand for memory

chips in the future, and yes, we know that in this global chip shortage that means that these companies also have pricing power and a lot of demand. tesla is leading the electric car companies and the electric car rally today, a 15% drop in china car sales in january, from december, but they are still selling four times more than their closest chinese competitor , and the fact that they are winning the largest car market in the world is positive. bernstein calling 1,350 for tesla stock, reiterating its overweight call. now, you saw a lot of electric car commercials last night, right at the super bowl? well you were asleep until 10:45 right, stu? stuart: yes, correct. >> we did stay up during the actual game which was fantastic and high drama you would have seen car commercials for lucid, gm, volvo, going all electric so there's been inflection points in consumer trends. stuart: okay, yes, yes, i'm interested. i'm sorry i was asleep, i'm now interested i like to follow these things. >> yeah, but also, i wanted to ask you if you were surprised by the fact we have high-tech, high

growth rallying today with 2% 10 year treasury yield once again. i think there's probably more of a relief rally there could be an avoidance of a war with russia and ukraine, especially after those foreign minister comments that a deal is possible stuart: i think that really help ed the markets when lavrov came out and said we're talking who knows what we might come up with. i think that's a positive, but the yield on the 10 year treasury is still now 2% and above i don't think that's going to help big tech at all, but modest rebound so far. susan, we'll see you again soon, okay? good luck. >> okay. stuart: got it. remember, when the mainstream media lost it during russia russia russia? watch this again. >> the biggest scandal was when they spied on my campaign. they spied on my campaign. >> there's no real evidence of that. >> of course there is. it's all over the place. >> no. >> leslie? they spied on my campaign. >> donald trump and william barr promised durham would expose huge corruption but he

hasn't done that. >> apparently an ongoing concerted republican and pro- trump project, to try to turn the investigation of the russia scandal into some kind of scandal itself. stuart: what a joke. thank goodness joe concha is here to sort it all out. we do now have evidence, from john durham himself, that they spied on an american president and on his campaign. why do i see nothing about this in the media today? >> that's the thing it's a media blackout. where was 60 minutes last night following up on the fox report as far as this is concerned, spying on the trump campaign, actually, you know, infiltrating servers. i mean, i can't wait to see carl bernstein on cnn, stu, saying that this explosive report, right, is worse than watergate, because it is worse than water gate, but of course we won't see bernstein because you were talking about the beatles before and bernstein was kind of like simon ands garfunkle.

bernstein, you'll never guess who he is, you never want to be garfunkle in these situations but in addition to trump saying clinton spied on his campaign as absolutely that can't be it's impossible no curiosity to even explore that whatsoever, also trump said about hunter biden in the same interview that we should be talking about that during that interview and stall says well we were not because it can't be verified and trump said of course it can be leslie they found a laptop and leslie says it can't be verified. i think its been verified, again no follow-up from 60 minutes or the new york times, washington post acting like the story doesn't exist. stuart: i think the mainstream media is a disgrace. that's what i think. maybe i'm going overboard with that, but they ran us wild for all four years of the trump presidency. they did their best to undermine the trump presidency because they hated him. they lost all objectivity. they failed to cover the news because their hatred ruled everything. am i going too far?

>> i don't, i would say maybe a couple years ago i would say yeah that's a bridge too far to call them. i wouldn't use a broad brush because there are a couple few good journalists but look at what was discussed this weekend, stu, to really underscore your point. a story about donald trump flushing papers down the toilet that maggie haberman, nobody else on the planet has the story but maggie haberman one year after trump leaves somehow gets wind of this and oh, she's writing a book by the way where she's getting a multi million dollars advance and now suddenly has this selacious story that in a white house that leaked a lot, the trump without never got out until maggie haberman has to write a book so that's what journal its are doing sitting on what could potentially be big stories and saving them for books so they can enrich themselves and that's very telling. stuart: just bring us up to speed on joe rogan and use of racial slur, cnn is comparing that racial slur to the january

6 riots. they made a change to headline to remove the analogy but you know what's going on here, joe? >> it's amazing, january 6 how that just gets evoked over and over again even when you're comparing it to something joe rogan said on his podcast where he was maybe quoting lennie bruce or red fox at the time saying it in context of comedians using the n word and now comparing it to january 6 but remember what we were told that that somehow was worse than 9/11. you know when 3,000 people died and it set off two wars in iraq and afghanistan. yeah, yeah, january 6 was worse than that. give me a break, so that's the fallback now at this point that everything is january 6 and joe rogan only gets bigger because of this stuart. he gets $100 million in spotify if they flake and rumble is sitting there saying we'll give you $100 million instead and the more cnn who doesn't get 500,000 viewers a day attacks the guy who gets 11 million listeners a day, the stupider they look. stuart: what is it cnn has got 50,000 employees i think and 500,000 viewers a day if that?

[laughter] that tells a story. joe concha, thank you. >> return on investment that's the term you like to use the ro i. stuart: it's just not there is it? good one, joe, well done, son, well done. >> thank you. stuart: the republicans are demanding answers after gofundme freezes millions of dollars in donations to the canadian truckers. critics say they are censoring conservative viewpoints hillary vaughn will have the story in a moment. look at this , it's a sign that tom brady rookie card about to hit the auction block. you won't believe how much money it's going for , astronomical value, we'll be back. ♪

since i left for college, my dad has gotten back into some of his old hobbies. and now he's taking trulicity, and it looks like he's gotten into some new healthier habits, too. what changes are you making for your type 2 diabetes? maybe it's time to try trulicity. it's proven to help lower a1c. it can help you lose up to 10 pounds. and it's only taken once a week, so it can fit into your busy life. trulicity is for type 2 diabetes. it isn't for people with type 1 diabetes. it's not approved for use in children. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction,

a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. serious side effects may include pancreatitis. taking trulicity with sulfonylurea or insulin raises low blood sugar risk. side effects include nausea, vomiting, and diarrhea, which can lead to dehydration, and may worsen kidney problems. the choices you make can help control your a1c. ask your doctor about once-weekly trulicity.

stuart: all right, that's an interesting commercial, for

the first time, commercials for cryptos dominated the super bowl advertising. coinbase made that one. they debuted with a 60 second spot that featured that qr code bouncing across the screen. it was popular apparently because the app crashed soon after. personally, i like larry david's commercial, which i thought really very funny. that guy is priceless. here are the rest of the cryptos , bitcoin up a bit today, ethererum up a bit today not much change for litecoin. now, i want to get to those auction items we've been telling you about. ken golden is with us from golden auctions. all right, ken let's start with the tom brady signed rookie card it's got to be in perfect condition to be worth any money, right? >> yeah, absolutely. this card is so rare, almost any condition of the card goes for a lot of money. if somebody had a 10 for example , the card b could about eight to $10 million this one is a psa five, limited only 100 in

the world, that's why it's so rare there's only 100 of these made, each is individually numbered it's hand-signed by tom brady, it's up for bid at golden, and the current bid is actually $600,000. i know i told your staff my estimate was 750 but based on it being only day three of the auction, i think this is probably going to go for over $1 million now. stuart: that's a lot of money. let's go through the items you've got i find it fascinating the 1940 d.c. comics batman. that's got to be in perfect condition i take it? >> yeah, this is truly iconic, to find, these were not designed to be kept for 80 years, so to find a comic book in this type of condition, it is the first- ever issue of batman, the iconic super hero, the dark knight. in this typist called a cgc 5 which is a good grade for a comic book of this stature, we're expecting this to go in

the vicinity of 700-750. stuart: okay! let's move on to legend of zelad my kids played that many many years ago, you've got a sealed video game, that's what you're selling, auctioning here? >> yeah, people are going to be surprised by this sealed video games have been growing in popularity. this is a true rarity. it is one of three known of the very first production of zel da. it's graded a 9.2, sealed in the original box which is true rarity. it is one of the most iconic games of all-time. in this condition, it is a top- five video game of all-time in this grade, and this should go for over $1 million at golden stuart: [laughter] you're killing me, you're really killing me, how about the pokemon japanese illustrated , pikachu. >> yes. stuart: i've never heard of it. >> this was a promo, it was rare, it is the single-most desirable of all of the pokemon cards and it is pikachu as the

illustrate or , like him drawing the actual characters themself and we expect this to also go somewhere between six and 900,000 dollars. stuart: i've gotta get this one in, marvel comics, amazing fantasy. i believe that was the origin of the spiderman comic book, is that correct? >> exactly. this is a 7.5 and really high grade for this comic in a 9.6 it sold for $3.6 million previously probably would go for 5 million now, this is the first appearance and introduction of spiderman way back in 1962, it's available right now at golden auctions, and we expect this to go in the vicinity it probably around $300,000. stuart: goldenauctions.com. what is it again? >> yes, goldinauctions.com or simply, goldin dotco will get you there as well. stuart: we'll be getting there. ken goldin, always good stuff.

glad to see you, see you again soon. >> thank you for having me, appreciate it. stuart: on your screens a sense of the market. heavy selling, most of the dow 30 are in the red and going down on the dow itself is down 130 points. police in canada clear a bridge after truckers block traffic into the u.s. for nearly a week. protests still going on in ottawa though in a moment i'll speak to a trucker who says he will not back down until his country's free, we'll be back. ♪ this is my fight song, take back my life song ♪ feel stuck with credit card debt? ♪ move your high-interest debt to a sofi personal loan. you could get out of debt sooner and feel what it's like to get your money right. ♪ 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 - hello, i'm michael youssef. you know, history has shown that when a nation turns to god, matching your job description. it's social problems are soon dissolved, broken families are healed, people break free from addictions and alcoholism, crime rates plummet. in the welsh revival last century, all across wales, police and judges had nothing to do. why? because there was no crime and it can happen here by god's grace, when you come to him. - [narrator] when nations turn to god, they find their societal problems disappear. there is hope for this broken world, if you just know where to look. won't you consider looking to the one who made you? visit findingtruepeace.com to learn more about his plan for your life.

again, that's findingtruepeace.com. (gentle music)

stuart: house republicans want answers after gofundme blocked donations to the canadian truckers. the critics say this simply an example of big tech censorship. hillary vaughn on capitol hill, will there be an investigation? reporter: stuart there will. they are calling for a hearing and also more information from gofundme about how they made this controversial decision to single out the canadian truckers , part of the freedom convoy protesting vaccine measures in canada saying it's another sign that big tech is biased and uses platforms to punish those who have viewed they don't agree with. house minority whip steve

scalise and ranking member james comer calling it selective discrimination saying this in a letter, committee republicans are concerned that gofundme's policies are not being executed in a just manner as we have seen for some of the big tech insofar left violence is merely speech while conservative speech is treated as violence. state attorneys general are also looking into gofundme's decision to shutdown the freedom convoy's fundraiser. attorneys general in texas, florida, west virginia and missouri have started their own probes into the matter and also a competitor stepped up to host donations. gives and go is filling the online fundraising void for the canadian truckers and the site says they received more than $8 million in donations in response but there's been another snag. hackers targeted this site overnight, temporarily shutting it down, reportedly exposing names of people that donated to this cause, which some are

saying stuart, this is another effort to silence those who are expressing and protesting their conservative viewpoints. stuart? stuart: hillary it sure sounds like it hillary vaughn, thanks very much indeed. i want to bring in david alter ton, a trucker and protester in canada. david we've got a developing situation here. we just heard the premier of on ontario will remove the vax mandate for all settings on march 1 and we also hear mr. trudeau may invoke emergency powers to remove the truckers so we've got the c arrot to get rid of the sax vax mandate and the stick will force the trucker s out. this is a very new development what's your response? >> [laughter] if you think that's going to break our spirits and make us leave, you've got another thing coming. they tried to freeze us out, they tried to starve us out, they've tried to push us out and we are not backing down. we are going to push and push and push until we finally get what we're looking for.

you've gotta remember, we are truck drivers. we're used to going out in storm s. we're used to going out and going against things that most people would pull over, hide in the back of their vehicles, and cry, and pretty much we're used to going in extremely cold weather. some of us run the ice roads, some of us run all over north america, and mexico and we are not backing down. we are not going anywhere. we are going to fight it out. myself, i personally my carrier took away my truck, it was on the front line and expected me to bring it back on friday which i did, and then right after they took my truck, i gave them the keys and i told them, you own that truck, you don't own me you sold out your country. you sold out your family, and i'd hate to see how you're going to look at your grandkids and raise your head if we do not get this freedom, doesn't matter how much money that people give

you, it's not worth losing your freedom. stuart: today is february 14. there's 15 days or 14 days left in the month. at the end of the month, come march 1, the premier of ontario says they will remove the vax mandate in all settings i would call that a partial victory for you guys. >> that's just for ontario. that's not for quebec, that's not for new brunswick or british columbia. we're going for all of canada. all of canada, not just ontario, not just the western states, all of canada. we made promises that we would stand up, we would fight for everybody. like if you go to ottawa, if you actually take the trip to go there, you will see that there's somebody of every race, every religion, and pretty much they are all standing side by side united, they are eating at the same places, they are going to

the same motels to use the showers there, which we rented rooms so truckers can shower, and they are hugging, getting along, not fighting, and the only thing that's happening with all these tactics that doug ford and justin trudeau are throwing at us is you're making us stronger and you're pushing us more together and you're actually filling our ranks and getting more truck drivers to stand up that weren't before. stuart: okay, a very determined david alderton, from the canadian truckers. david thank you very much for being with us this morning we can tell you're determined and we like you being here, thanks a lot, sir. okay. >> you're welcome. stuart: 11:55 the trivia question, i have no idea how you answer this one. on average, how many marriage proposals happen on valentine's day in the u.s.? there's your four choices take your pick, the answer 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. ♪♪ . .

stuart: sorry, private joke here. i'm laughing. on average how many marriage proposals happen on valentine's day in the united states? ashley, there is a wide selection of number. i would go with the low number. not a lot of people are getting married. i would go with 160. >> i agree. i will to the other way. 340. number 3:00. stuart: reveal please.

220. kind of in the middle. that accounts for 10% of all proposals for the entire year. how about that? you didn't propose on valentine's day did you? >> no, i did not. no, i didn't. did you. stuart: no, don't ask. i did not. absolutely did not. >> okay. stuart: five, four, three, two, one,. david: in for neil. david: tell you something you didn't know. i was married on the day after valentine's day. they were booked up. tomorrow is my 33rd anniversary. stuart: thank you for sharing that with us. david: i'm david asman in for neil cavuto on "coast to coast." two hours ahead, the dow is in the red. america a little less free when it comes to your wallet.