i've seen videos of a couple of tanks running cars and things like this , this is devastating. it's not something that people should experience, you know? especially citizens who are not involved in this whole thing. >> it's something we don't want to see. maria: of course stay safe, shlo mo. >> one second i want to give a message. maria: we've got to run. what's the message, shlomo? >> the message is that whoever has foreign citizens, we need help, rescuing themselves, please contact us don't hesitate maria: okay, thank you, shlomo "varney" & company begins right now, stuart i'll send it over to you, my apologies. stuart: not at all good to get that message in, good morning, maria and good morning, everyone. all right it is happening now, the battle for ukraine's capitol kyiv is going to be ugly the authorities have about

18,000 rifles yesterday, this morning they are giving them to anyone of any age who wants one. they are also telling people to make molotov cocktails at home getting ready for street fighting. president zelenskyy remains in kyiv even though he knows the russians want to capture or kill him. things are not going smoothly for putin. the british defense minister reports 400 russian casualties and a loss of some tanks. russian state media says the kremlin is willing to send a delegation to minsk and belarus to talk peace but that is russian-state media. hardly known for truth-telling. meanwhile president biden is under criticism for weak sanctions response. he did not cut russia out of the international payment system , and he did not sanction russian oil & gas companies. he did impose some sanctions, but gave them "a month or so" to see if they work. we have reports from kyiv, moscow, london, and washington d.c. all right, let's get to the markets, an extraordinary turn

around thursday from very steep losses, to pretty solid gains. this morning, the dow helped by reports that the russians want to talk peace, maybe investors believe that or not, but that turned the market around. dow is going to be up over 100 points, s&p 17, pretty good gain for the nasdaq on top of yesterday, but the nasdaq is still down nearly 14% this year, up a bit this morning. look at the 10 year treasury yield, it hit 2% earlier and it's sticking at 2% even. oil holding in the low $90 per barrel range i've got it at 91.74 this morning but gas prices still surging the national average for a gallon of regular is $3.57 and that is up $0.03 just from yesterday. as bitcoin doing well, and getting very close now to the $40,000 level. quickly, these are the new stories weepholing. the president is expecting to nominate katanji brown jackson to the supreme court, the announcement coming later we

think. the cdc is expected to relax its indoor mask requirements as the number of new cases keeps falling, new cases yesterday, 65,000. there were days in january when it was a million new cases a day it is friday, february 25, 2022, "varney" & company is about to begin. i'll start with the markets, lauren, we saw what? i'm going to call it a complete 180 yesterday and how are we doing? lauren: a fierce comeback, we're seeing that this morning because future vs. been down around 200 points look up 150 the market is completely watching what happens in kyiv. can the street war between the armed ukrainian civilians and the russian army protect the capitol from vladimir putin? that comeback yesterday was fierce as well, seeing follow through today, asian markets

closed mostly higher japan up 2% , european stocks are higher but here in the u.s. we have gains right now still markets are set to be down for three straight weeks, and yes, down about 10% from those january highs. let's take a look at oil. i want to check it in realtime. okay it's down at 92 right now. the sanctions did not touch russian energy and that's one of the reasons it had been higher earlier but gas prices, look up other $0.03 overnight so we're continuing to feel the pain of the energy crunch. stuart: next case, russian forces. they have entered ukraine's capitol city of kyiv. ukraine's government is handing out weapons to citizens who want to stay and defend the country. congressman dan crenshaw retired navy seal joins me now. congressman, civilians fighting russian troops in the streets, that's ugly. a threat to capture and/or kill the duly-elected president zelenskyy. are things going putin's way, do you think? >> well, i hope not. it's sad to watch this. it's as if the world recessed

about 100 years in history where we now have authoritarians invading democratically-elected sovereign countries again, as if this is an entirely different era in history. this is a wakeup call to all of us who believe that being nice, that the not being too provocative will of course make other people nice, but it doesn't. it just provokes them, emboldens them. stuart: the call to the european s? you better start defending yourselves. >> yeah, oh, 100% look when trump was president he was telling the europeans, you need to spend more on your defense, as per the rules of nato, you need to stop relying on russian energy, because what we have right now it's a contest of wills it's also a contest of energy dominance, and so now, because of our foolish behavior over the last year, where we've been attacking our own oil & gas industry, that's why they're not sanctioning russian oil & gas right now, because that will spike prices too high, and harm us in return. now, we could have avoided that, say, by increasing our own production by not attacking our

own industry because look, our industry would produce more if it had some predictability, if they weren't canceling lease, if they weren't canceling pipelines if they weren't adding more billions of dollars more of regulation on natural gas, to the administration, so, there's a lot of lessons to be learned here, the geostrategic lesson is that energy dominance will win the day. stuart: this statement from russia they're prepared to talk peace with the ukrainians now in belarus is that just propaganda? >> i believe so, i believe so. russia and vladimir putin in particular, they only understand one language and that is power. we need to exact extreme cost on them so that they have to re calculate. that isn't just for them. it's for china as well. the costs need to be economic, reputational, and i want to see us continuing to give the weapons to the ukrainians so that they can actually fight the russians in the streets. this is going to be bloody that the russians have on their hands

maybe more than they bargained for very red dawn-like unsurge ensemble it and like the soviets in afghanistan as well we need to make sure the costs are so high they reget this and that putin's reputation, which is what he cares about the most, is damaged in the long term, because his own people turn on him. stuart: i'd like to be able to see what's going on in the streets of kyiv with those russian troops fighting civilians. congressman always a pleasure thanks very much for being with us on an important day, much appreciated, sir, thank you. we do have the europeans announcing a new round of sanctions on russia, but none of these sanctions target russia's oil & gas industry. none of them. let's bring in starvos the european ambassador to the united states. mr. ambassador are the panes dead set against sanctioning russia's oil & gas? >> the europeans are dead set on sanctioning everything about russia, and if you look at what we announced today, you will see that we are exerting a major

blow on russia's economic financial capacity to access the world markets. you will see that we are joining a major blow on russia' transport capacity, and its capacity to be connected to the world, and major blow when it comes to the capacity to compete in the 21st century economy, and we are stopping that by stopping over 50% collectively, americans , europeans, britt, canadians, over 50% of its ability to import the high-tech semiconductors it needs including for its military sector, and indeed, we are keeping on the table, still, because they are always on the table, a bunch of additional sanctions in case that russia escalates even more, so, watt we have here is the west as it were that russia was gambling, was gambling on seeing divided. it was convinced that europe would not be strong enough to get 27 independent countries to unanimously agree on a devastating set of sanctions. it was gambling that americans and europeans will be fighting

with each other but whether or not they are ready to defend europe or defend the regal order, and they failed dramatically, and what i am pleased to say and to see is that even today, when there are efforts from russia to divide us , to circulate rhetoric that isn't strong enough that we're not doing enough, we're actually taking massive action that we'll have immediate consequences and future consequences. friends, listen, look at the russian stock market, you were talking about the american one today. look at the russian stock market yesterday, collapsed. look at the ruble. at the lowest rate in history. stuart: mr. ambassador, the stock market has rebounded significantly, the ruble rebound ed significantly. >> well, yes, i mean of course, and then it will go down again when sanctions take place and the effects are being felt. this is a short game and it's also a long game. stuart: okay. >> it is an economic game, it is a military game, it's a diplomatic game, we're going to

isolate russia and to do this , we have to make sure we stay together. you can always start questioning , but you have to stay together. stuart: mr. ambassador thank you very much for joining us this morning we appreciate it, sir hope to see you again soon. let's get back to the market david bahnsen with us, in fact he's glutton for punishment staying for the entire first hour of the show. david, futures are now moving higher. would you say that investors are beginning to calm down as in reaction to this war? >> i think that they are still skiddish, a lot of the we can that exacerbated the volatility even building up to it, you had to sort of sell the rumor by the news yesterday, kind of inverse of normal market activity but i do think there's a lot of people afraid of missing out, meaning that all of a sudden there's some announcement of capitulation, of deus ca legislation something that creates a market rally and they don't want to miss it. history is pretty clear on this. i looked up this morning, our last 12 global military

escalations, all 12 the market was down the day of, and all 11 of the 12, they ended in positive territory that day, so i don't think it's usually the first day, but i really want to comment on that the ambassador said if you'll let me. stuart: you've got 30 seconds. >> they don't want a little bit of pain in europe in order to extend a lot of pain to russia. that's what's holding back the one thing that has teeth which is obviously energy sanctions, they have to ban the imports of russian energy, that hits russia the most, it would hurt europe, that's what they are trying to avoid doing but that's where they have to go stuart: eventually maybe. but they are terrified being cutoff from natural gas from russia. david, you're hear for the hour. check futures real fast on the upside this morning not a huge gain, but a solid rebound on top of yesterday. president biden claims no one actually thought sanctions would stop russia's putin, everyone, except his own white hou, that is. roll tape. >> the president believes that

sanctions are intended to deter. >> no one expected the sanctions to prevent anything from happeningment. stuart: so why are sanctions still president biden's strategy we'll deal with it and by the way moments from now we've got a live report from kyiv as russian troops close in they are in the city. we'll be back, after this. ♪♪ ♪♪ ♪♪

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russian forces closing in on kyiv some of them in the city. trey yingst is there, trey how far away are russian troops from you where you are now? reporter: stuart good morning, ukrainian officials say russian forces are now inside the city limits of kyiv. we understand they are on the outskirts of the city engaging in battles with ukrainian forces but it's not just those army troops from ukraine that will be protecting this capitol. we also understand the interior minister has handed out 18,000 weapons to civilians here, and people that we've spoken within the streets say they will fight tooth and nail to defend this city. we were out in the streets of kyiv this morning, and actually went to the metro station underneath mydon square where people are hiding from the russian air campaign overnight more strikes against the city as we heard this morning small arms fire, so the type of battle right now between the russian forces and the ukrainians and you can hear some explosions in the distance it's tough to tell if that is artillery or any sort of air

campaign, but the type of battle that's taking place is certainly changing right now, but we do know ukrainian president zelenskyy is looking to try to find some sort of settlement to what's taking place here. the russians, however, while they claim that they are on board with trying to negotiate a cease-fire, and ultimately come to some political and diplomatic conclusion to this conflict, the reality is they would force the ukrainians to surrender and it's just not a reality that most civilians or the government here is willing to accept. back to you. stuart: all right, trey thank you very much indeed. it seems like the white house is on a different page when it comes to sanctions. watch this. >> the president believes that sanctions are intended to deter. >> the purpose of the sanctions has always been and continues to be deterrence. >> no one expected the sanctions to prevent anything from happening. stuart: okay i'm confused about sanctions, but let's bring in nathan sales forming acting undersec of state under president trump. is president biden's sanction

strategy just plain and simply weak, sir? >> i'm afraid it is, stuart. if we're going to have any hope of stopping putin's aggression against ukraine, we need to go big and the half measures that were announced yesterday are a good start, but those are not the sort of sweeping and catacal ysmic sanctions that impose real pain on the russian economy and cause vladimir putin to reconsider his war of aggression. you have to go after energy. it's in insane that the united states and europe are leaving 63 % of russia's exports completely off the table. stuart: i'm sorry to interrupt you, sir but the ambassador from the pane union was just on the show five minutes ago, he insisted that the sanctions with the europeans are now imposing, would really hurt russian business. what do you say to that? >> a couple of things. first of all, the eu sanctions package has a carve out for

italian luxury goods so that russian oligarchs are still able to buy gucci loafers. i think that tells you something about how serious this package of sanctions actually is. this is not going to keep putin up at night and the second thing that i think is important to keep in mind is as we heard from the president, this package of sanctions is going to take a month or so before we start to see results. ukraine doesn't have a month or so. russian forces are on the border of the capitol right now. we need to inflict pain on russia right now. stuart: so the key to all of this , you think, is sanctions on russia's oil & gas industry. stop them selling their stuff in europe, but if you did that, i mean, the price goes through the roof and we all get a case of serious energy price inflation. >> and that's why it's so important for the united states to ramp up our own energy production. right now, we're importing 8% of our oil from russia. we are paying for russia's aggression against ukraine, 22 million-barrels a month the

united states is buying and it doesn't have to be that way. we can ramp up our own domestic sources of energy production. we can encourage our partners in the persian gulf like qatar and saudi arabia and we know this works because this is what the trump adminitration did to the iranian regime. at the time we were taking iranian energy exports down to zero there was no meaningful effect on global energy prices because we were able to match the supply that was lost with american production and saudi and qatar production. biden needs to take a page out of history and do the same thing to russia. stuart: but we've got a month or so, as the president says, to find out whether the current sanks work or not. then maybe oil & gas sanctions but that's way down the road. sir, i'm afraid we're out of time but i think you made your point, nathan sales thank you very much for being with us sir we appreciate it. >> thank you. stuart: let's have a look at the cryptos this morning gets close to 40 grand on bitcoin, 39, 100 is the price right now, ukrainians, well they are on the marshall law, the central

bank has suspended cash transfer s so lauren? are the ukrainians trying to use crypto as a medium of exchange or currency? lauren: i don't think it's a use case. i think it's to have their wealth in cryptocurrency. as you said, ukraine is under marshall law there's been a crackdown on their ability to get cash. they don't trust the banking system right now, they don't trust the currency, and quite frankly, those traditional systems aren't working for them. they are also looking actually paying a premium for something that's at a stable point so tethered to the u.s. dollar. there's another case for this. we're seeing donations come in via bitcoin and cryptocurrency on crowd-funded sites to support the ukrainian civilians, the ukrainian military effort. its raised almost $1 million in just a couple of hours, and then you have one crypto exchange, ft x giving $25 to each of its ukrainian account holders and why are you looking at me like that? stuart: because david is sitting

next to me with a sour look on his face. lauren: so do you. stuart: cryptos, they are going to work in kyiv at the moment, do they serve any function? >> it does not, other than for gangsters and criminal actor s, but it's ironic. i would argue that most of the argument in this case with marshall law works against crypto, not for it and i understand your point on the banking system, but i think that's a ukrainian measure put in place as a temporary stopgap to avoid a run on the bank, the reality is no ukrainian thinks it's going to last in perpetuity. it's a temporary problem, where does crypto solve it, subject to hackers the russian hackers are the best in the world getting the crypto exchanges so i think there's a lot of instability. stuart: i'd love to continue. lauren: maybe the sanctioned elite will go to crypto. stuart: coming up on a hard break, you know how it is. check futures real fast, please, i see green, not a lot of it but i do see green in the opening bell is next.

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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 stuart: all right, what is it now, two and a half minutes to go before the market opens dow is up about 100 points at the opening bell, and mark mahaney is with us now. big picture question, mark mahan

ey. has the war made any difference to your bullish stock market forecast? >> oh, wait, we want to be cautious, sir, even bearish, because leaving aside the war and the impact that has, you still have the back drop of aggressively rising interest rates, which are bad for high multiple future profit stocks, so you still want to be defensive in the consumer internet space and there aren't too many places to go for that. it's google, it's amazon, possibly facebook and it maybe some of these travel names that are both recovery names and high-quality market multiple names like booking and expedia. stuart: well are you saying buy- in now because this is quite a dip we've got going here. are youuu sinay ny ayow ow e us aweoiregop by uby end of thed yeaheear. i thini thifk go y yin a n tls k, tnkhiyou buy theea ss,ck aru ofarbuarng hhe he chqunaity s suonr mechte churyo mro mftples a t ann

lendlemalen.zo 'vougot rethmoe- pepersive inthitk hafind and c asu ar su achte ginh ties ih es i i hardo find namnd tn outperformitrmthree e-monthnt outlook.oo oo wenot gonoing toin he silitylio lireterete rates rat r l l may wel winin the er.er. whenve thathaibiliby anib knowhatheh is like l consistency of the path then growth equities come back and you can lean into these names, but if you have a nine-month- plus outlook you buy trough multiple stocks of the highest quality names out there, it's google and amazon. it be that case, you know, last year it be that case next year too. stuart: one more time, mark. convince me, that stock prices are not down and staying down for the long term. convince me that that is wrong. >> well, the reason it be wrong is if value is permanently winning versus growth. i don't think that's the case. people like growth stocks because in a world of deminimis growth, 2% to 3% gdp growth, companies that can sustain 20% topline growth with a lot of cash flow, those are extraordinary assets and they

outperform long term. that's been the case, with the google and the amazons of the world, apple and microsoft for the last decade. i don't think that changes. we may go through a year in which we have a transition, but those assets will continue to outperform long term. >> [opening bell ringing] stuart: i've got david bahnsen that will give you an argument if we have time but we don't because the opening bell is now ringing and this is friday morning. let's see right from the get-go we have the dow up what 50 points look at the level for a second, 33, 327 a far cry from the 36,000 we were at sometime ago. we're down 10%, the s&p 500 that too has opened on the upside to the tune of a quarter of 1% not a huge gain. the nasdaq composite, that's up barely at all, in fact, you're just up .06%. let's have a look at big tech. not doing that well this morning microsoft is down a bit, amazon,

meta platforms very small gain for apple and alphabet. not that much action in big tech this morning let's get the big picture susan li joins us this friday morning. >> well maybe not a big returned to as you see yesterday , i think that was one of the greatest comebacks i've ever seen on the stock market down 3.5% for the nasdaq at the open, you finish 3% up, and i saw there was definite risk appetite there. did you see what people were buying, the dip buy that was taking place, amc, gamestop were up almost 10% at the end of the session, so not just the apple, the amazon, where yes there is value. stuart: but i just think they are like gambling chips. >> well, it depends on where you see value, right? if you anticipate that maybe gamestop can change and turn into maybe an online retailer of games, maybe it's there. maybe you believe that amc can possibly turnaround their business, there might be value there as well. it depends on your outlook and right now what the outlook is the younger generation, the retail buyers are looking to

buy those stocks. stuart: i knew it would get to the generational thing here. what else we got, coinbase? >> i haven't finished talking about ukraine though because i have to say that xi-jinping call with russian president putin was really really key and important, because if you think about it who do you think is going to backstop russia in this , when the rest of the world is closing off their financial systems, it's going to be china buying russian gas, russian oil, and it'll be china that russia could run to if they are cutoff from swift and i've been hearing this from a lot of former major economy foreign ministers. stuart: so you think the call was positive for the stock market? >> absolutely the fact they are being pushed or china is hopefully pushing russia and putin to the negotiating table that's when you saw futures turnaround into the positive. stuart: that's true that's when futures really did turnaround. now we've got block. square. great report. >> fantastic. stuart: what's their stock doing it's 23%. >> you seen that type of rally before?

so this is jack dorsey's main company his payments company really optimistic outlook, not only for this quarter, but for the entire year, 2022. so talking about cash app, you know that peer-to-peer, that person to person app where you can send me money in the future, stu, if you feel like it on your phone instead of going to lineup at the bank so that has seen improved growth, not just this month but they are expect ing it for the entire year , and remember, that this is a tough compare to last year when they had the stimulus checks being deposited and they're forecasting those growth numbers to even exceed last year 's numbers. doesn't that sound bullish to you? stuart: it does. >> sounds bullish to me, 44 million monthly active users in december, and also by the way , you have square helping lift paypal today which, you know, paypal has been really disappointing. stuart: 44 million users. and they get a piece out of every one of those transactions. >> that's right very small piece, but it's a growing number as well. stuart: all right, tell me about the musk brothers because they seem to be in some trouble with

the sec. is the sec getting serious about this stuff? >> well, yes it goes back to kimball musk the brother of elon on the board as well and he sold $100 million worth of tesla stock a few days as that twitter poll that his brother elon musk had said whether or not or asked users whether or not he should sell 10% of his stake to pay that $11 billion tax bill that's upcoming in 2021 now, musk did clarify that kim ball was not consulted on whether or not he tweets out that poll. i think it's tough to prove. do you think elon musk asked anybody or tells anybody what he's going to tweet before he does it? stuart: i don't know but i did have kimball on the show. >> which i booked for you. and i had to also -- stuart: do you remember what happened? >> of course i do because i had to deal with the aftermath of it stuart: i threw him off the show he was on the board of tesla, still is, and i wanted to talk to him about tesla and his brother elon musk but no he

insisted on talking about tree planting and he went back to it constantly and i said i'm not doing this. >> well by the way, which is also a very nobel thing to try to plant more trees in the world stuart: i don't want to talk on this program about planting bloody trees. >> you should have gotten to it later can we talk about coinbase that was something that was -- stuart: i blew it for you. >> something worth looking at. stuart: well it's on the screen. it's up a half percentage point, now it's up a third, see what we did? dow winners headed by amgen. they haven't done much recently, boeing travelers, johnson & johnson, dow, s&p 500 winners where are they now? etsy, right at the top there, up 11%. nasdaq composite winners headed by monster beverage. that's a newcomer to that particular list, and then amgen tesla is back above 800 et cetera. got it.

now david bahnsen, glutton for punishment here for the entire hour, he's got dividend plays started by its got to be a rising dividend play hasn't it? >> yes that's the idea which means that our friends at block or square don't make the cut. so we don't get to be up 20% today, but of course, we don't have to be down 60%, but it still is in the last six months after today's rally. stuart: oh, okay so tell me about lockheed martin go ahead. >> lockheed martin is up 15% in the last three months. it has grown the dividend 20 years in a row. our thesis on lockheed martin has nothing to do with russia ukraine. people say well there's maybe war breaking out, don't people want more of those? there's a huge lag between order s that get placed from the pentagon and they end up getting to the bottom line of the defense companies. lockheed has to have a backlog of orders they are a cash flow generating machine and they pay a growing dividend. stuart: chevron which you recommended before. >> many times, we made an awful lot of money with it, i'm bringing it up again because of

the russian energy discussion. there is no question that you're going to end up with a higher margin. these producers, exxon, chevron, make money at $50 oil, they make plenty of money at $50 oil. 93 may not stick, you may end up in the 80s, that's a higher baseline than 50. it's higher margin, more incentive to produce, and again, all the biden administration is doing to hurt oil & gas in the states, helps exxon and chevron, because it takes away competition from new projects. stuart: american electric power. >> really important one, they've also grown the dividend every year for 20 years. a utility company, just had great numbers, when the market was down huge this week, aep was up it's the one utility we really like. stuart: american electric power, got it thank you, david stay there got more for you later. president biden's climate czar john kerry fears that russia's war on ukraine will distract from climate change. roll tape. >> i hope president putin will help us to stay on track with

respect to what we need to do for the climate. stuart: he hopes president putin will help him stay on track with climate. well we'll discuss that a little bit. the russia ukraine crisis putting what 10% inflation on the table here at home? maybe, congressman byron donalds on what he's hearing from florida voters about inflation, he's next.

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stuart: all right, a new fox news poll shows inflation is the number one issue in our country. madison alworth is with us. president biden's getting fail ing grades for his handling of inflation. tell me more, madison. reporter: he is, stuart. so, in that polling that we've released it shows that 61% of americans disapprove of the job

that president biden is doing with the economy and now, with everything going on in ukraine, this could -- stuart: i have to interrupt you because we have this kind of crackling sound in the audio, not sure where it's coming from. you could have something rubbing against your microphone, i'm not sure about that. we're going to try to fix it. in the meantime, we're going to byron donalds who is with us he's a florida congressman, and you're at cpac. i can see right behind you you've got a big crowd, at cpac i want to talk to you about president trump who speaks at cpac tomorrow. what do you want to hear from former president trump? >> i think what i want to hear from former president trump is leadership, we're at a time in this world where it seems like our adversaries are moving at warp speed, we have massive inflation like you were just talking about at home, we're not drilling for oil like we should be. we look lost as a country so what we need is leadership and i'm looking to hear for

leadership from president trump in his speech tomorrow. stuart: are you comfortable with donald trump being the leader of the republican party and leading the party as its candidate in 2024? are you comfortable with that? >> absolutely. why wouldn't i be? listen, all this talk from the mainstream media and frankly from some of those knuckle heads in the never-trump side of the party we don't need to listen to that. when donald trump was president of the united states our country was winning. america was leading the world. you might have had some tweets you didn't like but for the most part america was on the right track so why would we not be comfortable with him being the head of our party doesn't make any sense to me. stuart: because if he goes back to those tweets and goes back to that really rough language that he uses, a lot of people don't like that. an image is very important in politics, i mean, can you really afford to just write that off and say you don't care make the country great again? >> listen we got an image right now and it's a pure weakness coming out of the white house, and look what its done, not only to our economy and elsewhere at

home but also look what its donna broad. i'll take somebody who talks tough and may not say everything politically correct but who gets the job done, and is going to be credible on the world stage. stuart: i'll give you this if president trump were president now, putin would not have invaded ukraine, right? >> you got that right, absolutely. wouldn't have happened. stuart: okay, would you just stay there for a second we have the audio fixed with madison in new york and i want to get back to her on inflation. your report, you started, madison, finish it. reporter: yeah, stuart thanks so much for having me back. i think we should be all set let me know if that changes but like i was saying, we talked about the economy and the numbers, biden is not doing well in fact, 61% of americans disapprove of the job he's doing with the economy. you don't have to look any further than the inflation numbers, 7.5%, we haven't seen that in 40 years but here's the thing with the crisis in ukraine all of this could get worse so let's take a look at where the numbers stand for

other things. we're also looking at what voter s are saying to brand new fox poll out shows 76% of voters say the economy is only fair or poor, and 50% say they have less money in their pockets compared to last year. the top hardships facing americans, grocery prices, utilities, and gas prices, and as i mentioned with the crisis in ukraine, it's highly likely that prices on those items are going to get worse. while the white house has called on americans to accept paying more as their duty, the people i spoke to aren't sure that they can manage that. >> the quality of food is likely to drop. >> i don't feel that's my civic duty. 7.5% inflation isn't anything to be proud of. >> detrimental things in the near future if something doesn't happen quick. reporter: you know it's a big blow to a shallow american wallet, stuart, and as we mentioned the things that are impacting americans the most, one of those is gas, and with

the crisis in ukraine and all eyes there, keep an eye on gas prices here in the u.s.. stuart: we do on a daily basis, $4 here it comes madison thank you very much indeed. let's get back to congressman donalds. 10% inflation, a real possibility. just around the corner i think. how are voters in your district responding to that? >> oh, listen, they're furious and they have every right to be. this inflation problem was created with joe biden's american rescue plan. he thought he was coming into save an economy that didn't need saving. what our economy needed was for the president and the democrats to just simply get out of the way. they chose to spend trillions of dollars more we didn't need and created a labor shortage and now with the conflicts going on in ukraine because joe biden decided it was a good idea to give up our energy independence, the conflict over there is going to hurt americans at home. nobody is happy about this , and it could have all been avoided. stuart: are you speaking at cpac

, congressman? >> i am. i'll be speaking in about an hour or so. stuart: what are you going to say? >> well i'm going to be talking about socialism, what it has brought to our country and why we got to make sure we appeal to young voter toss stem the tide and get back on track in america stuart: i wish auto it asked you to say that on this program right now, congressman great stuff thanks very much, sir we'll see you again real soon. coming up, listen to this , joy behar devastated by putin's invasion of ukraine but probably not for the same reason as you are. roll tape. >> i'm scared of what's going to happen in western europe too. you know, you just plan a trip, you want to go there, want to go to italy for four years. stuart: [laughter] don't plan a trip i guess, joy. we'll be talking about that, todd piro is going to join us a little bit later on the show. look you may have heard a lot about this swift banking system. well the russians have not been excluded from it, if they were excluded it would have really hurt them, we'll break all that down, shortly.

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it's ultra-fast. faster than a gig. supersonic wifi. only from xfinity. it can power hundreds of devices with three times the bandwidth. so your growing wifi needs will be met. supersonic wifi only from us... xfinity. first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. stuart: the europeans have announced the sanctions they will impose on russia, but they

stopped short of sanctioning russia's oil & gas industry, and they will not remove russia from this swift system, for international payments. kelly o'grady is in los angeles with the story. first of all start with swift, explain it. what exactly is it? reporter: okay, so the best way i can describe it, stuart, is swift is facebook messenger or slack for banks. so it's a messaging system that enables banks to send and receive info when making an international transfer. that process would normally be very complicated but swift smoothed that out and ensures that in to is communicated securely. the impact is that swift essentially supports all international trade, and it's so important because every trust institution uses it has over 11,000 members it's in over 200 countries if you want to send money to a family member in europe, borrow money abroad you're using swift and probably don't know it so if russia were removed it be cut out of all secure economic activity. iran was removed from the system

in 2012 and 2018, it lost half of their oil export revenues, and 30% of their foreign trade. that's why this is equivalent to declaring economic war. russia be prevented from purchasing or selling nearly everything and that includes major oil & gas profits. now there are a couple work arounds but the swift sanction is a kin to what they call a nuclear option now the catch is countries like italy and germany won't be able to purchase energy from russia, it's not just paying for russia and that pushback is one reason president biden hasn't pulled the trigger and he can't make that decision alone. swift is a neutral co-op but headquartered in belgium so it follows the direction of eu. yesterday president biden announced they would wait a month to see how the current sanctions do ultimately though stuart putin may decide well these sanctions aren't too bad, it's expensive but we can afford paying 15% interest rates to borrow money but critics question even with the payment of the cost to us, why allow them to borrow it all? stuart: it's a good question. and we'll pursue it, kelly thanks very much indeed, david

bahnsen with me now. do you think russia should be kicked off the swift system? >> of course i do. stuart: you do? >> they are acting like a rogue nation stayed, we kicked all of the terrorist countries off back after 9/11, they are still off to this day, terrorist nations can't use swift to transact, and we shouldn't allow a country that is invading an independent sovereign nation. this is, and i don't even think it's a nuclear option because i was telling you off air going after their central bank is the nuclear option. stuart: how would you go after the central bank? >> just stop allowing transactions from central bank to central bank. stuart: are we prepared to shutdown russia as a business, as an economy completely? because nats what you're talking about? >> we're not prepared to do it unilaterally. the president wants european support and europe is blocking us going after swift. i think we need to get prepared to do it real quick. stuart: do you think the europeans would ever agree to shutdown their energy trade cross-border energy trade? >> yeah i think they turn on their kiwi and see what's happening in kyiv and understand

what's happening to them. stuart: you're a tough guy. yes, i am. on this one i am. i believe in international order my friend. stuart: you wrote a book called "there's no free lunch" on energy, is there? >> no there isn't. stuart: what do we do when somebody gets hurt? >> whatever happens will have a cost but that's all of economics but it'll be a bigger cost to russia and for a greater good. stuart: david look thanks for being with us for the hour it was great to have you hope to see you again. thank you, sir. still ahead former national security advisor general keith kellogg, medal of honor recipient dakota meyer, nigel farage and mercedes schlapp, the 10:00 hour of "varney" is next. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina?

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♪ ♪ to be... unstoppable. that's why the world's largest companies and over 30 million people rely on prudential's retirement and workplace benefits. who's your rock? stuart: good morning. it is 10:00 eastern. time for your market check on the left-hand side of your screen. russian troops have entered kyiv. dow industrials up 120 points. the nasdaq 84 points lower. the yield is 1.98%. that not hurting the nasdaq.

there were 389 as the price of bit coin, and and it was important for the economy, it has been plunging recently. we haven't got the number yet. 60 seconds late. lauren is anxiously studying the phones. 62.8. >> not a good number but a 10 year low but the prior print. and appending measure of home sales worse than expected. 6.7%.

these two pieces of information not supported up 125 points. >> you still have the dow up down 100 points. now this. vladimir putin is engaged in a decapitation operation. regime change. capture or kill president zelenskyy. this is not going on well in the court of public opinion. russian forces are closing on the capital, kyiv. some troops are in the city. the authorities handed out 1800 rifles to civilians, they are handing anything to anyone of any age encouraging them to make molotov cocktails. untrained civilians fighting russians in the streets.

the british defense ministry, and that is ukraine's snake island to. a russian warship showed up and demanded the defender surrender, if you come all 13 defenders were killed in the bombardment. think how this looks from a public relations standpoint. they are national heroes. civilians fighting in the streets are freedom fighters and president zelenskyy isn't running away even though vladimir putin wants is him dead. the second hour of varney just getting started. >> we are thankful to have tammy bruce.

and no one expected the sanctions to prevent anything from happening. this will take time. we have to show results so he knows what is coming. the people of russia know what is coming on. >> the purpose of the sanctions has always been a deterrent. stuart: a complete contradiction here. that is the total complete opposite from what they said last week or this week. lauren: it is natural to think sanctions are supposed to deter. is it an invitation to tea? boots on the ground which we don't want, mechanism this to make this painful.

to engage in this. if we weren't going to do it at the start why would we do it later? there would be no point. he would be committed. when we do have sanctions a. we've not done the sanctioning on his energy sector. this is the main thing, europe got upset. we are not energy exporting nation because of what biden did by cutting off the pipeline. these emotions and attitudes and contradictory statements have to be inspiring not just putin but also xi and every

other bad actor around the country. stuart: you think our president looks we, the sanctions he did impose are not as harsh in any way as what he could have imposed. >> you left a tip than it is a statement that reinforces what everyone saw in afghanistan which is they don't have the courage. you don't by current off-the-shelf it is empty like every other shelf, you have it or you don't and now this is remarkable confirmation that afghanistan wasn't, this is who they are. every bad actor knows there's a small window to get everything they want to. a lot of people say ukraine doesn't matter. there are ripples. this country we have a relationship with, it ripples in this village of a planet and he will take ukraine, right at

the nato countries at the border. finland and sweden, in his crazy speech, not only did he declare ukraine never existed as a country he also went after finland. these are the tests. >> it count. it really does. the administration's diplomacy and deterrence rhetoric. >> it is a path of defense and deterrence. >> deterrence and diplomacy. >> with a diplomatic path being open, the deterrent effect has merit. stuart: i don't understand what the us should be doing on top, what should we do? we are talking about that through the next two hours.

let's bring in kenny palkari. our investor starting to calm down about the ukraine situation? >> depends on headline was a positive headline, investors feel comfortable. a negative headline muster up the angst and people extrapolate what it really means. at the moment, i think investors -- in the long-term geopolitical events create short-term chaos and noise. markets tends to stabilize but have to get through it has only been a couple days since this started which i expect markets to continue to thrash around. stuart: last 3 time there was military action on 11 occasions the market rebounded from an initial big selloff.

maybe we could get something similar here. >> yesterday we put in a new low. that is now going to be the new level of success. you could see a test again but that does hold a. a a i i has a bearish sentiment. 45% of investors are bearish while 19% i bullish which is a contrary indicator that suggests there should be a strong snapback rally but you have to wait for the noise to come down before you get that snapback early. stuart: john kerry, the climate czar warning the russian invasion will distract from climate change. i believe you think the administration's obsession with climate made vladimir putin more powerful. >> it is tone deaf that he

wrote an op-ed piece to that point. what does it speak to in terms of what is happening in ukraine. he is worried about vladimir putin's carbon footprint. i think biden's policies. >> i don't expect it and we will see you next week. >> 1885. >> who is saying, makes 2000. >> we were not that far away, from hitting 2000. it is the geopolitical hedge and the gut reaction to what is

going on in europe. and >> that caught me by surprise. dish networks. >> double upgrade at jpmorgan. dish is a winner. stuart: dollar general. stock is up. lauren: jpmorgan, wells fargo upgrading them to overweight. if you were a patient investor it will pay off. stuart: i saw amgen, i haven't seen much movement recently. lauren: if you look at amgen, 55 of the 200. this is where the leadership is coming from. if we look at sectors,

financials followed by energy. it is not healthcare or discretionary. stuart: pro ukraine protests all over the world, stand in solidarity with them against putin's invasion. it is confirmed president biden will nominate katanji brown jackson to the supreme court. a full report coming up.

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get the new samsung galaxy s22 series on comcast business mobile and for a limited time save up to $750 on a new samsung device with eligible trade-in. first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. stuart: president biden attended a virtual emergency meeting. do we know what the president's

next steps will be? >> solidarity against the russian the aggression ukraine and we could see more sanctions as the nations get together to talk about what is next. in the sanctions so far we've seen there are massive exemptions in this, money that flows from the world into russia and the russian president, vladimir putin. this is a list of general licenses issued for sanctions with any entities sanctions including banks can have transactions related to oil, natural gas, agriculture, medical items, stuff related to covid 19 plus debt and equity is and the winding down of transactions was the audio is a big deal was the last reported data, 7.8 million barrels of oil into the united states.

payments to russia as he is invading ukraine and killing ukrainians. this is exactly how deputy national security adviser handled this. >> and that is the principle. >> the president is pleased with the pressure put on russia as we speak. talk to him in a month about sanctions, ukrainians may not have a month as the reached kyiv. stuart: france's foreign minister sent a stern warning to vladimir putin about nato's nuclear weapons. >> vladimir putin made a veiled

threat, his aggression meets western interference he would respond to never before seen consequence is widely interpreted as a nuclear attack. the french finance minister, nato has nukes too. the us, france, britain have thousands of nuclear weapons. you can make the argument that it strengthens the nato may wish including maritime. the black sea is wide open. nato member turkey not helping to close off russian aggression we are seeing the black stuart: it may make nato get together but only if they spend more money to defend themselves. look who is here for us. dakota meyer is medal of honor recipient. you fought in iraq and afghanistan. they are arming citizens which can they really fight trained

russian troops? >> our military is built of men and women who believe in this idea of democracy, walking the streets, to where the nation's cloth. i think this is a great strategy. anybody who can carry a weapon and believes in this country and is willing to fight for it it is awesome to see that happen. stuart: they have to be willing to fight. i believe they are. i tell you this. the british defense minister says the russians have taken casualties and did not complete their objectives on the first day of the war. i things going vladimir putin's way? >> vladimir putin might have

reached a little bit. they are underestimating ukraine's resilience to defend their homes. i am hearing reports up to 800, shot down some aircraft. it is awesome to see people fighting for their homeland, not giving up what they believe in. vladimir putin might have overreached. the numbers are a lot larger. stuart: it is a propaganda war. you must know you don't always know precisely what is going on on the battlefield. hard to know what is going on in kyiv. >> it is hard to know what is

going on and you've got the human element whether it is people reporting or people on the ground fighting. in the chaos, it is hard to get the facts in the moment. the thing we need to watch is china, is china taking over taiwan, that will be the bigger threat. stuart: if we show -- i read a report this morning that 13 chinese planes flew into taiwanese airspace, deliver it ugly provocative looking to see how we respond to 2 ukraine and they will act accordingly. that is a far-fetched thing. do you think an invasion of taiwan is in the cards? >> it isn't off the table.

china would love, engaged on this side with vladimir putin, with russia. to do what they want in taiwan. if i was america's enemies, the best time i could think of to do what i want to do. stuart: i don't know if you came in contact with russian troops, are they any good? >> i have never been in contact with them. i never dealt with any of them. stuart: are our guys the best or the israelis? >> americans are the best on the globe. stuart: it is an honor, hope to see you again soon.

stuart: thousands in russia protesting vladimir putin's invasion. how many arrested in moscow? >> 53 cities altogether, 1700. russia -- russians arrested protesting holding up signs saying no war. i will make the argument vladimir putin underestimated his own people in this operation. he could have taken kyiv yesterday. i don't know how long this lasts or how bad it gets but if you see this dissent in russia now, if it gets more painful does vladimir putin lose his people? stuart: he has a battle on his home front for public relations especially if he gets the blood he knows in kyiv and he may do that. back to the market, the dow is up 300 points. nasdaq is up only three and the s&p is up 31 but financial stocks like goldman sachs in the dow 30 pushing it up, 316

points. manchester united, they have a stock quoted publicly. they have ended their sponsorship deal with the russian airline because of russia's invasion of ukraine. still ahead the mayor of kyiv say the city is in a defensive phase. the latest on the battle next.

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stuart: one hour into the training session. yesterday was a huge turnaround. we started down, ended up higher. we are higher this friday morning. the nasdaq is up 14 points was there are some movers including beyond meet. lauren: a wide quarterly loss. revenue shrinking. outlook week. investors have to be patient. beyond meet knows what they're doing is not working, they can't keep the strategy of selling grocery stores because people are not buying as much and they've been pivoting to

fast food partnerships. stuart: it was a bubble from the get-go in my opinion. let's move on to footlocker. another stock that is down. lauren: they are working to overhaul their business and are warning same-store sales might fall as much as 10%. stimulus checks have dried up. they have a younger consumer. stuart: a few moments ago, a very new york expression, they are a winner. lauren: up 8%. a strong quarter. revenue $1700 was a boost during the pandemic is continuing. stuart: homemade stuff. lauren: anything you want, you could get curtains made, small businesses pop up, you know how expensive it is to have curtains made.

stuart: great stuff. look who is here now. the great eddie gaber. we hearing that as we can hear what he says was i read your stuff and you said there will be, quote, more month of serious pain ahead. tell us about it. >> we have been the risking since november with full defense for january. we won't say stay the course because of a set up, the senate continues to get worse, you are talking about retail names. what is happening right now we are going through a deleveraging process. the higher assets first, at the end of the day we create is one

of the biggest bubbles, the fed will do the opposite. if we continue down this path we will be forced into a recession and this is why in my opinion the s&p in regard to this correction, we are using bear market bounces, those that have a lot of risk to reassess and take some off the table. stuart: as the war made a difference to your financial forecasts. >> that made it worse as far as commodity prices. the consumer was getting a gut punch. consumption will compress, look at these businesses, their margins are shrinking, inventory starting to go up, the consumer spending less. we can look at a scenario where earnings growth for some

companies goes from 20% to 0. i don't understand how people can be buying a lot of risk for the next quarter. stuart: everyone is laughing. should i sell microsoft? it is in a pension fund, capital gains taxes. microsoft is close to $300 a share, should i get out? >> this is mega tech. we started getting out of it in november. the tactical strategy, they have 0 exposure to mega text.

why not become a client of mine. stuart: you don't take investors with a minimum amount of money but i missed the bus. we will see you again soon. president biden revealed his nomination to the supreme court. tell me about ketanji brown jackson. ashley: he is making good on his promise to nominate a black woman to the supreme court. she was picked to replace 82-year-old stephen breyer who is retiring. has not affected the 6-3 conservative majority, replacing breyer jackson clerked for a 1999. former public defender, jack

conservative for eight years. the influential court of appeals for the dc circuit. appointed to the supreme court. 233-year-old history. stuart: thank you very much. *hacking group anonymous declared war on vladimir putin. we've got that story for you. democrats continue their green agenda pushed but republicans say it is green energy policies that opened the door to vladimir putin's invasion.

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(judith) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? don't you just ride the wave? (judith) no - we actively manage client portfolios based on our forward-looking views of the market. (other money manager) but you still sell investments that generate high commissions, right? (judith) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money? only when your clients make more money? (judith) yep, we do better when our clients do better. at fisher investments we're clearly different. stuart: look like a solid gain for the dow industrials.

vladimir putin tells a levery jin paying he is prepared to stop piece. russia's for an minister is going to switzerland over the weekend to attend a un meeting on monday. call that diplomacy if you like was democrats pushing the green agenda. what are they doing now? how are they pushing it? reaching they aren't doing a 180 and changing their minds about climate change focus energy policy even the republican say in light of what is happening in ukraine with russia proves the us needs to return as an energy dominant figure in the world market. senator josh howley has a bill that would reverse biden's policies that have choked us oil and gas industries including restoring the permit for keystone xl and ending the ban on drilling on federal lands with the goal of returning to energy independence by 2024 saying the

biden administration's energy policy priorities are backwards and working americans are paying the price. the united states cannot afford to be energy dependent on our enemies. democrats from the president to climate czar john kerry to those in congress don't think it is time to give up on these policies. i asked house intelligence chairman adam schiff about this yesterday. is it time for us to abandon climate focused energy policies like the drill ban on federal lands, killing pipelines and increase us oil and gas production in full force? >> i don't think the response to vladimir putin making more on ukraine out to be the dismantling of our protection against climate change. i do think what it ought to prompt is a wholesale effort to wean europe off of russian oil and gas so russia can no longer use that as leverage against europe. >> reporter: he didn't say if

he thinks the us should be the one to fill that void if europe is going to wean themselves off of russian oil and gas. stuart: the white house denies reports that president biden has been briefed on cyber attack auctions on russia. the president says we are ready should russia attack first. ashley: the president says the us is ready to act if russia launches a cyber attack. listen to this. >> of russia pursues cyber attacks against our critical infrastructure we are prepared to respond. for months we have been working with the private sector to harden cyber defenses, sharpen our ability to respond to russian cyber attacks as well. ashley: the white house is rejecting reports of those options being discussed.

nbc reported a final decision had not been made but the type of cyber attack would include interfering with russian internet connectivity and disrupting railroads which interferes with russia's ability to resupply forces which it went on to say the measures are aimed at disrupting rather than destroying making them short of an act of war against russia. jen psaki called the report completely off base and not reflecting what is being discussed in any shape or form. stuart: i was hoping we would attack and go on the offense. the international hacking group anonymous set their sights on vladimir putin these days. ashley: the international hacking collective has declared war on vladimir putin and

russia is the twitter account which hosts six million followers made the declaration in the last 24 hours stating anonymous is involved in operations against the russian federation, targeting the russian government. to protest their dictator for fear of reprisals and the smashing of their internet providers is directed at vladimir putin and the russian government. rt.com, a russian funded media outlet and websites for the kremlin of russia's parliament have been intermittently unavailable because of cyberattacks. stuart: kyiv's mayor says the city entered into a defensive phase. do you know what that entails? ashley: circling the wagons with russian troops have

reached northern areas of kyiv and they are defending positions on four fronts despite being outnumbered. kyiv's mayor says reservists should ensure the needs of ukraine's military, paving the way for civilians to take up arms, the city of 3 million has sustained a barrage of airstrikes the blue out windows on some apartment blocks and leaving craters in the street with growing anger among ukrainian leaders, president zelenskyy is telling his troops you are all we have. accusing europe of insufficient reaction. ukraine's leader says the new sanctions are not enough to stop russia, and the world is watching what could go on in ukraine from afar. stuart: russian troops in ukraine's capital, a live

report coming up from kyiv next. china refuses to call russ's action and invasion but president biden says he's not prepared to comment on whether china will isolate russia. >> are you urging china to isolate russia? wu blue bull i am not prepared to comment on that at the moment. stuart: keith kellogg takes on the china threat next. ♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further. ♪♪ it has our back. and goes out of its way to help. ♪♪ when you start with care, you get a different kind of bank. truist. born to care.

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first psoriasis, then psoriatic arthritis. it was really holding me back. standing up... ...even walking was tough. my joints hurt. i was afraid things were going to get worse. i was always hiding, and that's just not me. not being there for my family, that hurt. woooo! i had to do something. i started cosentyx®. i'm feeling good. watch me. cosentyx helps people with psoriatic arthritis move, look, and feel better. it targets more than just joint pain and treats the multiple symptoms like joint swelling and tenderness, back pain, helps clear skin and helps stop further joint damage. don't use if you're allergic to cosentyx. before starting, get checked for tuberculosis. an increased risk of infections—some serious —and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms develop or worsen. serious allergic reactions may occur.

it's good to be moving on. watch me. move, look, and feel better. ask your rheumatologist about cosentyx. stuart: officials fear the kyiv may fall as soon as this weekend. tell us the latest. >> reporter: we know that russian forces are on the outskirts of the ukrainian capital and some officials say they breached city limits as this comes as lucas tomlinson has new information to report. thousands of russian marines are assaulting the beach in the southern part of ukraine in the southeastern part of the country. this is significant. he attributes that to a us official but it indicates the russian assault, we know from the beginning of this operation launched and ordered by

vladimir putin there has been an effort to make kyiv the number one target, bringing in forces, on the south of the country. what is concerning for officials in the ukrainian capital is the ability of russian forces to do just that for multiple directions which if successful we will see a change in a battlefield in ukraine like we have in barilla warfare the risk guerrilla warfare. the interior minister handing out 18,000 weapons to those who are willing to pick up arms and fight. stuart: streetfighting in kyiv would look bad as a pr stunt for vladimir putin. keith kellogg joins me now. i got this report from the new york times.

american officials urged china many times to stop russia from invading ukraine. this is prior to the invasion. what did you make of this appeal to china. >> thanks for having me. it shows how bad the influence is, our standing is not real good with president xi. he is indicated that he is aligned with vladimir putin. we should have recognized that. china remains to me our biggest existential threat as we go forward and we should focus on china militarily, economically and diplomatically but it shows our level of interest is not real i. stuart: the authorities in kyiv arming citizens, priming for

some streetfighting, molotov cocktails in their homes was from a pr standpoint, really bad for vladimir putin and the british defense ministry is saying of the russians have taken casualties, 400 and did not achieve all their objectives on the first day of the war. you are not in your head saying it's not going the right way for vladimir putin. >> it is not and he is overextended. he will have problems. i give full credit to ukrainians for their fighting. i give a lot of credit to their leader, president zelenskyy who has been valorous, standing firm, didn't leave his country, standing and fighting. if it doesn't go well for vladimir putin, and i don't think is going well, i would double my bodyguard. he would be on the end of his string as leader of russia. the oligarchs and everybody else won't tolerate this if it

goes bad for him. my overwhelming force would take ukraine at least to the east of the river. is looking at an insurgency they can't put down. maybe we should talk, that's a sign of weakness by vladimir putin. he may have overreached right now. stuart: we just heard a report from an american source that thousands of russian marines hit the beach in the southeastern portion of ukraine near the russian border. what do you make of that? >> part of their movement and strategy of development and they are going for the region around odesa. one of the things i heard before that surprised everybody is he did not use the force at the start.

he tried to do it incrementally. my experience in gun fighting is that gives you a big problem because you lose your momentum. he should have done this earlier but it is clear to me he is shoring up the southern part of ukraine, he will control odesa and that whole region. he's a day too late as public opinion has started to go against him. it is part of his plan. i think vladimir putin thought things would go faster and better and they are not. stuart: i've not heard that he should get bodyguards. that is dramatic stuff. glad you said it on this show. it picked up my interest. thanks a lot. check the market please.

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stuart: >> this package of sanctions is going to take a month or so before we start to see results. ukraine doesn't have a month or so. >> a lot of people say ukraine doesn't matter to us. the fact of the matter is there are ripples. they'll take ukraine, they'll be right at these nato countries. it's what happens next. >> russia and vladimir putin in particular, they only understand one language, and that is power. we need to exact extreme costs on them. >> when donald trump was president of the united states, our country was winning. america was leading the world. why would we not be comfortable with him being the head of our party? >> short-term chaos and short-term noise if, but in the longer term, markets tend to be able to stabilize. stuart: all right. good morning, everyone. it is 11:00 eastern time on this friday, february the 25th. let's get on with it, start with the markets. you'll like what you see for the

dow industrials. we're up 400 points after a big gain yesterday. you're back to 33,600 on the dow. modest gain for the s&p and also for the nasdaq. big tech, well, it's a mixed picture, at least it was a few minutes ago. microsoft is down, but the rest of them are on the upside. as for the 10-year treasury yield, a few moments ago it was at 2% even, it is now at 1.96%, going down. and oil, again, earlier this morning we had it at about $94, 95 a barrel. i believe the price is now $94,000 -- what am i saying? it is $94 a barrel. as for bitcoin, getting closer to $40,000 again for coin. now this. [laughter] guess who came out with this statement this week? i'm going to put it up on the screen so you get a really good look at it. here we go. i hope putin will help us stay on track with respect to what we

need to do for the climate. yeah, that was john kerry, the president's climate czar. stop laughing. what he had to say is not funny. green energy policies opened the door to putin's invasion. if we were still energy independent, still drilling and fracking like 2019, putin would have no leverage. he's laughing at the john kerries of this world. things have got to change, specifically the war on fossil fuels. america should step back from the green new deal, build and open pipelines and encourage oil and gas production. that would be a smart move politically since energy price inflation is something voters really don't like. europe should change too, especially germany. putin literally has them over a barrel. they can't continue to be dependent on russia for their energy. they're being blackmailed. get your nat gas from america or drill for your own, and while you're at it, start spending some serious money on your own defense. as we've said many times, president biden should move

heaven and earth to increase oil and gas production. he should open the keystone pipeline and build others like it. that's valuable energy infrastructure. badly needed right now. what better opportunity than an announcement in his state of the union speech next tuesday. but don't hold your breath. the green new deal crowd still runs the democrat party, and john kerry is still the climate czar. third hour of "varney" just getting started. ♪ ♪ stuart: mercedes schlapp joins us now. glad you could be with us. i know you're at the cpac conference, i'm sure you're very busy. thanks for taking time to be with us. kyiv is about to fall to russia, and john kerry is focused on climate change. tone deaf, in my opinion. what say you? >> not only tone deaf, but this biden administration, they don't understand the priorities right

now. this is about knowing that what is happening in russia and ukraine is only going to negatively impact our country. we're talking about greater inflation, we're talking about greater energy prices. president biden has positioned us to fail because of his inability to understand the importance of increasing oil and gas production in the united states and basically cutting our ability to be able to expand our energy resources. instead he's focused on the build back better, pushing infrastructure and these climate change subsidies that we know will do nothing to help insure that we become energy independent. stuart: okay. you got that one right. next case, hillary clinton blaming trump for causing chaos and allowing putin to invade ukraine. you've got to see this, mercedes. bear with us. roll tape. >> president biden had to rebuild trust and confidence in nato, in the united states. none of in that he has now

engineered to respond would have been possible in the prior administration. in fact, i'm not even sure that the prior administration would have cared enough to ask. and so this is a rebuilding of our credibility, of our leverage. [laughter] stuart: rebuilding of our credibility. is the war many ukraine trump's fault, mercedes? >> well, i mean, that's what a lot of the media outlets are going to say, that's what these democratic leaders are going to do. they want to blame president trump, but we know, stuart, that this would have never happened, this russian aggression would have never happened under president trump. he was a strong leader, understood peace through strength the, understood the importance of having a strong national security here within the united states to insure that we wouldn't see this type of aggression in russia, and now we've got to look carefully at china. and as we know today, "the new york times" reported that the biden administration handed over intelligence over to china that

then the chinese shared with the moscow officials? i mean, anyone in their right mind would know that that is not the right strategy, that we have to be very careful with our chinese relationship because at the end of the day putin and xi have made it very clear that they're aligned. and they know that there is weakness right now. and i gotta tell you, president biden and the nato allies, they are -- they don't know what to do. they're thinking that sanctions will be enough. that is not going to stop putin. putin has made it very clear that ukraine shouldn't even exist if, that it should be under russian control. and now we're seeing the beginning of a what i believe will be a very bloody and violent war. stuart: mercedes, please enjoy the cpac conference and president trump's speech there tomorrow. mercedes schlapp, glad you could take time for us today. see you later, thanks a lot. >> thank you so much. stuart: back to money, please. will you look what's going on here? the dow's up 500 points, the nasdaq's up 84, s&p is up 56

points. it's a rally, another one. jonathan hoenig joins me now. do you think investors are beginning to calm down with the situation in ukraine? >> yeah. it seems to be, stuart. first, more than anything, great to be with you. this is a senseless, murderous tragedy what's happening in ukraine. my heart goes out to all the victims there. but we'reing to an -- trying to analyze the market. historically, the market tends to be higher after outbreaks like this, the gulf war, even the 2014 incursion into crimea. it's all about your own situation, but the market seems to want higher at least in the short term when it comes to what's going on in the ukraine. stuart: what are you buying right now in. >> well, you know, i'm looking at a lot of the commodity names, stuart. you have to look at the big move ors, and the big moves take the time. just before, you know, the wild ride the market was on yesterday, a lot of those commodities had been leading the charge. i'm looking at platinum.

not just for wedding rings anymore. it's an etf that tracks platinum prices. i'm looking to diversify, stuart, out of some of the big tech the names. with 77% of stocks still below their long-term moving average, i think you've got to be a little protective as to where you're putting new money to work. stuart: to you ever invest in palladium? i ask because it's a vital component in making the chips, and russia has a handle on the production of it, and it could go into very short supply. do you invest in it? >> yeah, it's a great point. you're exactly right, russia is the number one producer of palladium, the number two producer of platinum. and often times with international strife like this, you know, the soviets in the '70s with grain, you could see commodity prices spike dramatically. even the other night when the war was just breaking out, you saw grain prices go what they call limit up. absolutely, palladium and

platinum -- not just for what's going on in europe, stuart. keep in mind biden's inflation here at home, everything the president is doing in terms of build back better, etc., it's fueling that inflation and higher prices. so i think commodities writ large, they go higher from here. stuart: got it. i wish the individual investor, it was easier for hem to get into wheat futures and that kind of thing. we have to leave it toot professionals like you -- to the professionals like you. that's the way it is. have a great weekend. >> be well. stuart: you got it. even the mainstream media is beginning to think we, america, looks weak. todd piro is with us for the hour, you lucky guy. what's the media saying now? >> it's pretty telling, isn't it? if you find yourself at a loss to the tepid response to vladimir putin, you are not alone. here's the media wondering, is this it? >> they have not been enough to deter vladimir putin to this point. >> sanctions cannot stop putin, what penalties can? >> respectfully, sir, what more

are you waiting for? >> you're confident that these devastating sanctions are going to be as devastating as russian missiles and bullets and tanks? >> yes. stuart: okay, yes, as in packed -- as impactful as bullets and tanks. what do you say? >> completely incorrect. the mainstream media, the fact that they're onwith board with that is extremely telling, but it is disconcerting that the president of the united states, the one our nation is turning to during this crisis, has a response and a follow-up like he did. stuart: the media, is it really beginning to turn? >> no, i wouldn't say fully turned because you have stories like the hillary clinton story that you led off with. there is a large percentage of the media, if you look on twitter and other social media engines, that believe that this is somehow donald trump's fault, and they are publishing articles to that end. it is insane. regardless of whether you love trump or hate trump, this has

nothing to do with him. he stopped putin from doing bad things like this during his four years in office. joe biden connotes weakness, and as a result we are seeing what we have seen, and you know as well as i do, you think it's bad now in russia and ukraine, wait to see what happens in china because they've got a real military unlike what russia has. stuart: to ouch. stay there, please, todd. back to the markets, still going up for the dow, now up 526 points. nasdaq's up 82. i should say that putin has told xi jinping that he is prepared to talk peace. talk of peace is what the market wants to hear. it's hearing it. apparently believes it. the dow's up 500 points. now we have bp, the old british petroleum we used to call it. it just got an upgrade from rbc capital to outperform. they expect the company to see significant cash flow in the coming weeks. it's up 4%.

big gain for that particular stock. among please, they are considering closing their plants in ukraine if it becomes too dangerous. despite that, the stock is up 2.7%. and now this, thousands of u.s. troops are on the ground in poland. they're helping to assist, they're assist ising the millions of refugees escaping ukraine. bombing intensifies in and around kyiv as russian forces close in on the city. they're on the outskirts of the city right now. the mayor of kyiv says they're now in a defensive phase. the battle for kyiv, we'll have a report on it next. ♪ ♪ ♪ ♪ ♪

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it was really holding me back. standing up... ...even walking was tough. my joints hurt. i was afraid things were going to get worse. i was always hiding, and that's just not me. not being there for my family, that hurt. woooo! i had to do something. i started cosentyx®. i'm feeling good. watch me. cosentyx helps people with psoriatic arthritis move, look, and feel better. it targets more than just joint pain and treats the multiple symptoms like joint swelling and tenderness, back pain, helps clear skin and helps stop further joint damage. don't use if you're allergic to cosentyx. before starting, get checked for tuberculosis. an increased risk of infections—some serious —and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms develop or worsen. serious allergic reactions may occur. it's good to be moving on. watch me. move, look, and feel better. ask your rheumatologist about cosentyx.

stuart: officials fear that kyiv, the capital of ukraine, could fall to the russians as soon as this weekend. let's go to moscow. amy kellogg is there. the latest from moscow, please, amy. >> reporter: hi, stuart. well, the, a senior u.s. defense official tells fox news that that, actually, the invasion is going slower than the russians had anticipated it would. apparently, they're meeting quite a lot of resistance from ukrainian soldiers. and, you know, of course the concern is that president putinn't wants to put a put -- puppet government, but it seems actually his latest, his latest appearance today indicates that he's actually calling on ukrainian soldiers to stage a coup. he met with his security council this afternoon, and he appealed to the regular army not the, quote, far-right martialist fringe of the ukrainian army

responsible, he said, for the genocide in donbas. addressing them, he told the regular ukrainian army not to act like, quote, terrorists around the world using people as human shields, hiding in residential areas, but simply to rise up. spug spug. >> translator: take the power into your own hands. it seems that it will be easier for you and me to come to an agreement than with this gang of drug addicts and neo-nazis you have sent to kyiv and taken the entire ukrainian people. >> reporter: and some russians are rising up despite the threat of arrest and harassment. these are people who demonstrated last night in cities across russia against the war. 1800 of them were detained. this amid panic over the sanctions that have been laid on russia. russians withdrew over a billion dollars in rubles yesterday,

that's $111 billion liables out of concerns cash is just going to somehow run out. and finally are, stuart, more protests are planned for this evening in cities across russia. stuart: that's very interesting. it's just not going all putin's way now, is it? amy kellogg, thanks very much, indeed. u.s. troops are in poland and have begun setting up processing centers for thousands of potential refugees. joining us now is the vice minister on foreign affairs for poland. >> good morning and good afternoon also. stuart: great to have you with us, sir. do you think poland is directly threatened by the russians at point? >> unfortunately, everyone is threatened because we see that mr. putin has absolutely proven what we have been warning about, we have been telling everyone in europe, in nato that he's simply

lying, he's simply telling whatever he wishes to tell but, in fact, it's full aggression. he started this, he attacked an innocent country, and he obviously can wage war against anyone he wishes to if only we will not stop him. now, obviously, he is engaged with ukraine, but this is a pattern we've observed since 2008 when he attacked georgia, then he attacked ukraine in 2014. he went about killing his political opponents, and we have been warning about this. so, yes, we are threatened, baltic states are threatened, whole europe is threatened by russia. stuart: your country is right next to ukraine. i mean, you're right there. it occurs to me that you could get hit by an errant missile. that's not too far out of the bounds of possibility now, is it? >> well, this is certainly something that might happen and might actually be planned by putin because he saw, actually willing to test strength of nato. it is what he was doing.

and it's not just a theory because various members of nato, including poland, we have been target of cyberspace attack, our infrastructure has been attacked just in the recent weeks. there was this huge spike in the cyber attacks across central europe, so this is reality not just a theory that it might happen. it is already happening and, unfortunately, if we are not able collectively as west, as the free world if we're not able to stop him, we will be next. every country that's -- [inaudible] stuart: we've been showing pictures of the refugees coming into your country, and american troops are there, we understand, processing some of them. what are you going to do with these thousands of people? >> well, we obviously are going to assist them every possible way. this is not the first time in history we are facing such groups of people. obviously, the scale this time might be much larger. in 2014 already we have been

accepting thousands, tens of thousands of people from ukraine running from the war back then. now just in these very first two days, almost full days, we have had almost 50,000 people crossing border. but this is the silver lining here, just around 1% of them are in need of immediate help because, in fact, many people have relatives or family in poland already. stuart: putin has told xi jinping of china that he is prepared for peace talks. that news broke this morning, and it seems like the stock market is prepared to like in this idea of peace talks. what do you make of it? >> look, we can continue to believe whatever putin says. he has been saying all sorts of things, that he wishes, that he wished us to believe he was saying that he actually is the peaceful leader, that russia is in danger of being encircled by

nato, being attacked by ukraine. this is all lies. we should never fall for that because he is lying, he was lying, he will be lying to us again. the only way to stop him is to continue the sanctions. the package if imposed yesterday by u.s., by nato, by e.u. is something good to start with, but we should certainly consider going further because this is the only way we can stop this war. not some -- [inaudible] because he is never sincere, he's never genuine in any talks. the only language he understands is language of power. stuart: pawel jablonski, poland's vice minister for foreign affairs, thank you very much for being with us. >> thank you very much. have a good day. stuart: taiwan will join the list of countries imposing sanctions on russia. ashley, that's interesting because i'm not sure china will join in that, those sanctions. ashley: no. stuart: taiwan definitely will. what's it tell you? ashley: well, taiwan is home, by

the way, to the world's largest contract chipmaker, taiwan semiconductor manufacturing company. it's a major apple supplier, and it says it is fully committed to the newly-announced sanctions concerning export rules. the island's natural gas contract with russia is due to expire many march, and taiwan with says it's going to diversify its supplies. but but clear, russia is not a major market for taiwan. ukraine with -- trade with ukraine and russia each accounted for less than 1% of its total, but the conflict is being watched closely by taiwan which china claims as its territory and has increased military pressure over the last two year. government leaders in taiwan are calling for greater vigilance to prevent foreign forces and local players from exploiting the ukraine crisis to create panic and affect the morale of people in taiwan. there's a number of things going on here.

stuart: there certainly are. the dow is now up over 600 points. nasdaq is up 150. it appears that investor, investors really like this talk of peace talks. putin told xi jinping that he is prepare prepared to talk peace. when he said that, the market went up, and up is where we are. overall the markets have very much in the green. bitcoin, $39,200 a coin. the cryptos overall doing pretty well this morning following the market up. lithecoin, etherium also higher. and then there's this, a european soccer league pulled their championship game out of russia. we have the story. russia just banned all british airlines from flying through their air space. it e comes in response to new sanctions just announced by the brits. missouri gel percentage is here on that next -- nigel farage is here on that next. ♪ ♪

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what's the story, susan? susan: crypto prices were down in the final three months of 2021. yes, better profits, better sales to end last year because bitcoin hit a record above $65,000 apiece, but so far this year it's been a different story. crypto market caps are down by a fifth at least according to coinbase, so less people trading crypto, and when they do trade, the it's a smaller amount, and that means less than the 11.4 million users that traded at the end of 2021. stuart: foot locker, they were down really big. susan: 35% down. that's a pretty dramatic decline. same-store sales were flat. you asked what was leading the tech-heavy nasdaq, today it's monster beverage. the reason? sales are so good for the energy drink maker, they said they couldn't keep up with demand in the final quarter with of last year. i saw four price target hikes including $105, that's a call

from deutsche bank. and isn't it incredible, stu, that one day after that huge reversal on the stock market, the dow up, what, 620 points? so far we are on track for the best day in 2022, and we are going to be up on the week if we hold on to these gains, and that's a week where we saw russia invade ukraine. that tells me me that stock markets are more concerned about what the fed's going to do and whether or not ukraine gives them an out in raising interest rates at least four or five times this year but not nine or seven. stuart: maybe so, because we certainly have is a rally right there. susan, thanks very much. britain's prime minister, boris johnson, has announced britain's largest ever, most significant ever sanctions on russia targeting the country's big banks and billionaires. some of those billionaires own major league soccer teams. nigel farage joins me now. nigel, that's going to hit the premier league. you can't do that, lad.

you just can't do that. >> well, we already canceled a very big soccer match which was due to take place in russia. you're right, the premier league is the dominant soccer league in the world, and this will hit it. but look, the truth of sanctions is this. you can put sanctions on to hurt russia, to hurt the other party, but sanctions always backfire on you too. number one, yes, it could affect the premier league. number two, much of the effect of sanctions, of course, is to put the price of gas and oil higher. and the third consequence of many of these sanctions, for example, america and europe saying to russia no longer can they issue bonds in our financial markets, it drives them ever closer to communist china. so sanctions are never a straightforward -- as straightforward as hay seem. stuart: it seems to me, or nigel, that you've got an energy if crisis in britain, a real one, with supplies very limited

and prices rising. will britain change policies, turn around and walk away from some of those green policies, the war on fossil fuels, turn around because you have to? >> well, the prime minister is absolutely committed to net zero, and that means deindustrializing much of the country, importing ever larger amounts of gas, of oil, even coal from other countries. and i think the public have had enough of it. i think, number one, people's bills have been rising sharply before this conflict, and you know something? now there's a group of people that are going to go out there and campaign for the u.k. to be self-sufficient in energy, and i think in time we'll get a u-turn from boris johnson. you cannot pursue net zero and have your own secure energy supply. stuart: what's the view from britain as you brits look at us in america, you're looking at president biden and his handling of this ukraine crisis? what's the view from britain? what is your judgment on biden?

>> look, you know, joe biden came in, he said america is back, and one of the first significant things he did was to withdraw american troops from afghanistan without even consulting the british or other nato partners. and ever since that that moment in time, we've been asking ourself a question; can we now trust america? is america still the leader of nato and the leader of the free world, or has it withdrawn and gone away. and it's into that leadership vacuum that putin has acted as he has. and, frankly, if joe biden doesn't step up, if america doesn't step up, if nato doesn't make it clear that any incursion into poland or estonia would be met with significant force, then i'm afraid the world's going to be in a very bad place not just for those eastern european countries, but it will be an open signal to the chinese they can do as they wish with taiwan.

we desperately, desperately need america to genuinely come back and take the lead. stuart: nigel, i know that you're at the cpac conference right now. i can see it going on right behind you, and you know that president trump will appear there and make make a speech tomorrow. what do you, nigel farage, what do you want to hear from trump tomorrow? >> well, i think one thing trump will say is that if he was in the white house, this would not have happened. because allegedly, he made it very clear to putin that if putin went for ukraine can, he'd hit back perhaps even including moscow. i'm going to be very interested to hear what trump says about nato. as leader of nato -- which effectively the americans are -- he tried to make the delinquent countries pay their 2% contribution, and he did actually get quite a lot of european countries to start paying more. the irony here is whatever was said about donald trump, far from being an isolation arist, he was very much as president a

leader and a peacemaker, and i think we will hear tomorrow trump say that the integrity of poland and the baltic states must be defended and that america has to take that lead. let's be with honest about this, without america nato doesn't really exist. stuart: got it. nigel farage at c spac live and in person -- c cpac, thanks for being here. the deadly war devastating ukraine, yes, it is, but that's not what joy behar is concerned about. watch this. >> -- want to go to italy for four years, and i haven't been able to make it because of the pandemic and now this, you know? stuart: oh, the vacation she's -- [laughter] my heart bleeds. we're going to get into that, believe me. thanks to inflation the price of meat is up, what, 20% from last year? are are the ranchers getting the extra money? apparently not. todd piro has a great report on that coming up next.

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♪ stuart: markets still rallying, talk of peace talks doing investors a power of good. the dow's up 580, the nasdaq's up 130. that is another rally. president biden has made his decision on who will replace justice stephen breyer on the supreme court. all right, ashley, tell us about ketanji brown johnson -- jackson, i think it is. ashley: as you'd expect, she has an impressive resumé, also fulfills president biden's pledge to nominate the first black woman to the high court. the 51-year-old jackson, a graduate of harvard law school, would also be the third african-american in the court's 233-year history. she's a former public defender. jackson served as a trial court judge in washington for 8 years before biden elevated her last year to the u.s. court of appeals for the d.c. circuit. if confirmed, she would not

affect the 6-3 conservative majority as she would replace the retiring liberal judge stephen breyer who, by the way, jackson clerked for back in 1999. stuart thanks, ash. president biden's state of the union speech, what, four days away now? todd piro's with us. you've been traveling the country lately. what's the real state of the union as you saw it? >> that's what we went to go find out. next tuesday you can expect joe biden to tout his view, but you likely won't hear about things like the devastating impact of inflation including on our food prices, specifically beef. like stu mentioned, i headed out to a ranch in montana to the people actually raising our cattle to see the real state of our union. here's a clip. >> when you hear the president say, hey, just a few weeks ago i didn't know beef was this high, how confident can you be that he understands the scope of the problem? >> that's, indeed, frustrating. and there's also a belief in washington that's what's good

for the packer is good for the producer because they believe there's a trickle down theory, in effect? it's never happened. >> before the state of the union on "fox & friends" first and, stuart, i know this is a big issue, if you think those guys that i interviewed are making the money, you are sorely mistaken. they're seeing a lot less than they did 10, 15, 20 years ago. stuart: beef up 20%, they don't get it. >> not a dime. stuart: good report. see you later e. the u.s. is now on high alert for potential skype -- cyber attacks from russia, and russian troops have entered the outskirts of kyiv. you're taking a live look at ukraine right now. we'll have a live report from there. >> just a moment. ♪ ♪

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first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. stuart: "the view" cohost joy behar slammed on social media after she complained that the ongoing russia-you cyren -- ukraine war would ruin her trip to europe. >> slammed, as she should be. this is abhorrent. if you needed any further evidence that you should not turn to "the the view" for your moral compass, here it is. during a discussion on the

russian invasion of ukraine, joy behar not focusing on death, destruction and displacement, but rather, the potential impact on her trip to italy. watch. >> i'm scared of what's going to happen in western europe too. >> yeah? >> you know, you plan a trip, you want to go there, i've been wanting to go to italy for four years and i haven't been able to make it because of the pandemic and now this, you know? it's like, what's going to happen there? >> she should have just stopped when she said i'm worried about western europe. legitimate concern. but to try it -- tie it to your trip? that is ridiculous are. in this morning i looked at a video of a father saying good-bye to his little girl because he has to stay and fight. so that's what i'm thinking about when i'm thinking of this conflict. i'm not thinking about joy behar's trip to italy. that makes me sick. stuart: and i know you're working this weekend, early "fox & friends." >> 4-6 a.m. eastern saturday and sunday. stuart: i suspect you're going to see some fight, it should be

brutal and ugly. >> pray for the people of ukraine and pray for our correspondents that are there. stuart: indeed, we do. thank you, sir. the u.s. is on high alert for russian cyber attacks. don blamer is a former -- bremer is a former intelligence officer and joins me now. what kind of cyber attacks? what are they going to do to us? i'm not sure don bremer can hear us. he's engaged in something else, can you tell him he's on? and i'll ask the question again, okay? [laughter] i'll repeat my question. markets are up right now. let me explain what's gown on in the markets. i think that investors are cheered by the fact that putin has told xi jinping that he is prepared to talk peace. any talk of peace talks is what investors really want to hear, because if it's a hot war, you've really got a problem. if it's a colder war and settling down, investors feel that's a good thing. so that, i think, is what the markets are reacting to at the

moment. do we have mr. bremer with us? >> loud and clear, sir. stuart: excellent. i'll repeat the question. you're a former intelligence officer, you know what you're talking about. we may be under cyber attack from russia. or what are they going after in america? what kind of cyber attack are we likely to see? >> good morning, sir. one of the things that i think we should really take a look at is our banking industry, anything that relates to infrastructure whether it is our electric grid or even our markets and our investments. that's going to be the first targets. and i believe that anything that affects our economy that may put pressure on the united states, especially oil and gas, is going to be the first targets. stuart: do you think that they have the expertise to reach into americans' bank accounts, personal bank accounts, freeze 'em and seize the money? could they do that? >> that's going to be really hard to do. i think getting into the larger institutions might be a little easier, but there's a lot of capabilities that their hackers

in china, south korea and -- excuse me, north korea and russia have all been perfecting their hacker capability, but just as much so as the u.s. stuart: so we can counterattack, can we? >> absolutely. and i think as we look at putin's movements going forward, i would not be surprised that this we don't have plans in place to affect them through cyber battles and their infrastructure as well. stuart: trouble is will we demonstrate our capabilities to them, they find out what we can do and maybe find out how we did it. that's the problem with attack and counterattack, isn't it? >> absolutely, sir. and i believe so. in that case very much in agreement that we will not make the first move, but we certainly have the capability to counter any strike that they may make for our infrastructure and cyber capabilities. stuart: this is very much a secret world. are we with any good at it? i mean, are our cyber guys good at going after their bad guys? can we do it? >> well, without divulging too

much information, our, our u.s. government, our intelligence agencies have been doing a tremendous job of recruiting from inside silicon valley, inside the tech world, bringing people into the military and the intelligence who come out of the cyber world and out of silicon valley and the other infrastructure that relate to the cyber world. even as far as the black web. stuart: okay. could we shut 'em down, i mean, shut down russian with business if we wanted to? >> we could certainly put a pause. everything has measureds in place to get them back online just as quick as we are, but i certainly believe we could surprise them in such a way that it would make them look twice. stuart: do you think president biden has the will to do it? >> that is a completely different question of itself. i often question the will of this administration and its ability to move forward and look over the horizon. i think sometimes we have a lot of promises, a lot of

appeasement and that at some point we just have to pull the trigger. stuart: so we'll wait for something to happen to us, and then we might do something to them. that's how it is? >> absolutely. i think that we are in a situation where we are going to be extremely more reactive than proactive, and i think that's where a lot of our congressional leaders and even the world stage with nato are often looking to us as why aren't we and why didn't we act first. stuart: got it. don bremerer, thanks very much for joining us and sharing your expertise. thank you very much, indeed. >> thank you, sir. stuart: we like to show you the good news, we're up 600 for the dow, 150 for the nasdaq and a strong 73 points up for the s&p which is up 1.7%. the 10-year treasury, earlier this morning it hit the -- 2%. the yield is back to 1.98% as we speak. gold really retreating, we thought it was going to get close to $2,000 an ounce yesterday. this morning it's back to 1,885

per ounce. bitcoin, it was approaching $40,000, it's still at $39,200. oil very much in the news, of course. all the way down to $91 a barrel. that's because president biden did not sanction russia's oil and gas companies. i've got bitcoin back up there again, now look at the price of gasoline, $3.57 is the national average for regular. it's up 3 cents from yesterday and up 20 cents a gallon in one month. show me california, please, those poor devils. $4.79 for a gallonning of regular in the formerly golden state. all right, how about the sense of the market? show me the dow 30. look at that. that tells you something, doesn't it? there's only one loser, and that is home depot. all the other 29 are up, the dow's up 630 points. we'll be back. ♪ ♪

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stuart: check the market. look at that. we are up 700 points for the dow industrials. better than 2% gain. this is a winning market. i regret to say we don't have a trivia question for you this friday.

we will test your knowledge and todd pyro's knowledge of dialogue -- geography. i tend to get these right. i will ask five european countries and you've got to name the capital. >> i'm deadly silent on it. the second when cuts were determined. >> direct. romania. >> prophetic and. bucharest. >> albania. >> pass. >> on the tip of my tongue. stuart: who is the communist leader of albania? >> is using the next 30 seconds of television to embarrass me. stuart: do you go to an american public school?

>> american education. you got 3 out of 5. and he went to an ivy league school. which school was that? >> i know harvard grad. we are busy drinking beer. stuart: we filled out a minute and a half. my time is up. neil cavuto, it is yours. neil: did you say beer? i thought i heard beer. thank you very much. see if this momentum lasts for the next four hours of the trading day. the opposite of where we were yesterday when at this minute we were down the same amount. what's driving this? it has to do with vladimir putin being open to negotiations with ukraine.