maria: welcome back. the markets are well off the low. of the day. we will have live coverage of president biden have state of the union address at 9:00 pm eastern. dow industrials down sharply earlier. we are coming off of those lows. thanks to dagan mcdowell and alex sanchez. have a great day, everybody. "varney and company" begins right now. stuart: the brutality of urban warfare continues. it is truly shocking. drastic sanctions are being considered. oil goes to $101 a barrel. brutal attacks on ukraine's second-largest city, kharkiv. the russians used cluster bombs and vacuum bombs against civilians was use of those weapons could be considered a war crime. and discriminate rocket attacks are the norm.

the convoy of russian armor is 40 miles long and only a few miles from kyiv. the threat is they will use the same tactics on ukraine at capital. president zelenskyy spoke to the european union's parliament. he wants to the part of that union, part of the west and got a standing ovation. there is talk of new sanctions like the "nuclear option," the banning of russia's oil and gas exports was that would deny vladimir putin $650 million a day in revenue. it would be a crushing blow. an immediate impact on energy prices. oil hit $101 a barrel earlier. that means $4 a gallon gasoline can't be far away. the national average for gas sit at $3.62 and rising fast. gold going up some more. it emerged as an inflation hedge. it is up almost 1%. interest rates tumbling.

money pouring into the safety of treasuries raising the price, lowering the yield to 1.79%. as for the stock market, the volatility continues. we are looking at a 100 point loss for the dow, 9 point loss for the s&p and 46 for the nasdaq blues not much red ink. but coin is at $44,700 doing well this morning. we have a big show for you and we have vladimir putin, the thug, versus zelenskyy, heroic freedom fighter. president biden is under great pressure to change course on energy, expand our fossil fuel production and stop imported oil from russia. primary day in texas. generally pointer to the midterms in november. it is tuesday march 1, 2022. "varney and company" is about

to begin. the headline is the brutality in ukraine escalating. russian forces showing the city of kharkiv targeting civilian areas. to the north, a 40 mile convoy of russian armor making its way to the city of kyiv. what is the latest? >> the air raid sirens are wailing over lviv. some of the strikes are on the outskirts of town. further east, the town of kharkiv, dramatic images as the middle makes a direct strike on a regional administrative building. it was an attempted

assassination of leaders there and the town of kharkiv took an indiscriminate pounding from multiple rockets in the civilian population and this prompted ukrainian president zelenskyy when he addressed the eu parliament to say that zelenskyy is a war criminal. >> translator: everything has changed. it is terror against the city and against ukraine. no military target at the square and others in the streets of kharkiv was the missile hitting the center square. >> reporter: to the south come a pitched battle all day long, the pitched battle is focused

on a bridge that connects the crimea peninsula with the mainland where the russians have been fortifying their positions since 2014 and would give them access to the peninsula north. stuart: thank you. let me move to the stock market. i want to cover how the market is reacting. david lefkowitz tuesday morning, you are worried about new sanctions that could cut the flow of energy. that has been talked about this morning. >> reporter: it is definitely a risk. we have different scenarios. we don't expect we will see a disruption of energy and a broader commodity flows from russia to the european union but it is a risk factor and a

probability that does happen. it is in either area's interest to see that escalation from an economic perspective. it would be a large below to the european economy but the russians, the revenues for commodity sales. it's possible this is a fluid situation, we see some further escalation though not in the best case at the moment. stuart: we have near 10% inflation. there is a war raging in europe. interest rates rising. must be difficult to make the case that stocks rally from here. >> not necessarily. not necessarily how much further escalation we see in the situation in ukraine and

how much impact on the economic growth outlook. we are not expecting to see much impact on gdp growth in the united states as a result of the conflict in ukraine. there is a risk. the primary transmission channel would be higher commodity prices but so far businesses and consumers are doing what they usually do from an economic perspective and there's a good chance that will continue. a lot of pessimism, volatility high and business activity tends to be an environment where you see a balancing market. stuart: thank you for being here. let me to the cryptos, bit coin having a nice rally. the argument for bit coin being

a safe haven is raging on. >> reporter: i will call it an asset class in its own right. is at the risk asset, the inflation hedge? it found its footing. we see ukrainian authorities asking donate in crypto. russia banning citizens from sending money, oligarchs trying to preserve their wealth. people are looking to store and move money in anonymous and decentralized ways. since the day russia invaded ukraine, but coin is up 13%. russia changed the narrative. stuart: $44,600 a coin as we speak. check the futures, we still have red ink but not that bad was the president and his white house say despite images like

these you shouldn't worry about nuclear war. role that tape. not there. that happens on live tv. you throw to something that doesn't happen, you smile and get out of it. would they tell us if they should be worried? that is about the nuclear threat of war. dan hoffman on the prospect of going nuclear and vladimir putin's state of mind. bret baer joins us after this break. ♪♪ you're a one-man stitchwork master. but your staffing plan needs to go up a size.

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stuart: the market opens in 16

minutes on the downside but not by much, the is up 130 points. as the more escalates, president biden prepares his first state of the union message to be delivered today. you are plugged in to dc politics was what will he say about the war which will be raging as he speaks? >> he will acknowledge it right away. it is going to be a focus because the nation is focused on the big geopolitical puzzle about how to get russia to stop attacking and invading in ukraine. a lot of the speech is a traditional state of the union and those speeches are sometimes boring, sometimes

shopping lists, but the president's approval rating is below 40% in most polls, some down to 37. it is a real uphill battle politically. it will be interesting to see. stuart: enormous pressure to change course on energy, start producing our own fossil fuel, as we are now doing. i don't think he can do that, don't think the greens would let him do that. >> you are right. the party is on a track that will not happen. you are starting to see democrat joe manchin saying it's time to get off of russian oil. to do that you have to open the keystone pipeline and other oil leasees this it ministration

shutdown. i think it would be a big turn for the president to do that in this speech but i don't think it is in the cards. stuart: how does president biden stack up on the world stage? putin the thug, zelenskyy the freedom fighter. where is president biden? >> let's give him credit for talking to all the nato members and leaders of nato countries and getting them on the same sheet of music. sometimes in this stretch over the past few days, couple of weeks the biden administration has looked 24 hours behind, the uk, germany sanctioned vitamin putin directly. they pushed for swift. this was not a us thing. we couldn't do it on our own but this leadership push, the biden it ministration was behind the times. that said he has orchestrated this everybody on the same

sheet of music environment. for that he will talk about tonight. stuart: i hope it's not boring. you are going to cover it. i will watch you tonight on fox news and at 8:55 special coverage of the state of the union message on fox. thanks for being with us. see you later. the white house is telling us don't be concerned about a nuclear war. >> mister president, should americans be worried about nuclear war? >> president biden: no. >> provocative rhetoric about nuclear weapons is dangerous. a miscalculation should be avoided. we are assessing president putin's directive and see no reason to change our own alert levels. stuart: cia guy dan hoffman joins us. with the administration tell us if there was a threat of nuclear war, they wouldn't say

a thing. >> i don't know that we are at that point where the administration has even detected we are at that risk. a few thoughts for the viewers. when we putin has used radioactive nuclear -- he targeted agent in london. he created a human dirty bomb, he died from that attack. causing harm to others in the process lose would vladimir putin do it? i don't think he would. i think he was messaging is, he has four levels of nuclear readiness. he's gone to elevated which is the second level and it is a message to the west not to go too far assisting the ukrainian military, providing humanitarian assistance.

that is keeping ukraine in the fight. at no time is more important for the biden administration to collect intelligence, the cia produces leadership profiles it is so important to understand how he's looking at this crisis and those around him. his key decision-makers, national security advisor. stuart: there are questions about vladimir putin's mental state. he is said to be holed up in his office and furious with his generals was how good is our intelligence on vladimir putin's state of mind? >> we can only speculate but i would draw everyone's attention to recent comments by senator marco rubio on the senate intelligence committee, reading whatever intelligence we have. he says vladimir putin appears to have neuropsychological issues. he couldn't go into details. i can say i spent many years

watching vladimir putin, tried to see the world through his twisted kgb eyes. earlier in his tenure as president he was playing chess, attacks on chechnya, wars he won against georgia in 2008, annexing crimea, sending troops to fight in syria. now he is playing poker. he can't see our hand and we can't see his hand and that creates a lot of risk and that is why tonight's state of the union is important. president putin -- president biden needs to citizens, vladimir putin, the russian military, call them out for their war crimes and tell them to stop. this brutal assault on innocent civilians and speak to the people of russia. stuart: always a pleasure. appreciate it. ukraine's president zelenskyy

has signed a request to join the european union. he addressed the european parliament. i watched it. it was a rousing speech. >> a video address he made to the european union's parliament, fighting for survival and to be equal members of that block. >> translator: we are fighting for our land and our freedom. [applause] lauren: they keep clapping, the standing ovation goes on. did you hear the crack in a translator's voice was one of the translators translated what he said, was brought to tears was what a beautiful moment. the wall street journal called zelenskyy the man for the moment and i agree. a heroic freedom fighter.

stuart: can we put shell on the screen? it is down a little bit today. they are following bp's lead. warner: the world's largest lng trader. a plant that produces for asia, they are also stopping financing of nordstream 2, pushing the owner of that pipeline to insolvency. then in france they are not going as far. they will stay in russia but not providing new capital for operations was they own a 19% stake in largest gas producer. the upshot is even if russia find investors and buyers of its energy it would be tough to pay for it with all the sanctions and find a vessel to deliver it because other companies are not providing containers. the agency's meeting, tomorrow opec.

more loyal is likely coming to market and not for russia. where putin is not being cornered despite think is not touching his crown jewels. and more to come if they touch energy. stuart: check the futures one more time, we will be down by 120 points. "the opening bell" is next. we hit the bike trails every weekend shinges doesn't care. i grow all my own vegetables shingles doesn't care. we've still got the best moves you've ever seen good for you, but shingles doesn't care. because 1 in 3 people will get shingles, you need protection.

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stuart: futures in the red but not by much. what are you buying today? anything at all? >> we will wait. more cash, from a technical standpoint i would love to see the s&p test the 4200 level. if we can retest that, that is when we will pick up some names. and to buy from that. stuart: there is possibility of a move up for the market. at some point in the near future you think even though we have $100 a barrel oil, rising interest rates and inflation close to 10%. you can see a solid rally later this year even though the

situation now is so dire. >> earlier in february the s&p jumped, what halted that? it wasn't the federal reserve. it was russia. markets trading off of geopolitical events. it has everything to do with vladimir putin's next move. it is trading on russia. as this d escalates, hopefully we will see upside for the markets but at the end of the year once we get through midterms and have the greatest summer for travel in american history as consumers spend, that will show up in earnings. investors want to have capital deployed. stuart: the situation in ukraine and russia is not exactly out-of-control.

the war is raging. what circumstances, peace talks and the cease-fire, is that a buying opportunity? >> we are signaling to russia we don't have the stomach to hit vladimir putin where it hurts. we are funding the killing of ukrainians by buying russian oil. don't know if the west has the stomach to stop vladimir putin. whether it is financing or sending a message to vladimir putin to stopping the import of that oil. there are ways to do it but to me, to tell vladimir putin to stop this markets need to know, hopefully we'll get some optimism. stuart: when you expect to hear that?

>> i doubt it. they don't have a plan for us energy independence so they don't have the stomach to go there but as americans we need to look at these as national security she is not relying on russia or china. stuart: we will be watching tonight and see what the president comes up with. "the opening bell" is ringing. it is 9:30 eastern and we've started trading on wall street which expect to see the dow lose ground and that is happening. we are down 150 points, 3 quarters of the dow 30 in the red. a modest selloff at "the opening bell". the s&p is down a 12:45%. the nasdaq is down but not by much. big tech, let's see where they are going to come all over the place but mostly down.

microsoft, google, amazon, met on the downside. big news on the markets is the oil market, and back to $100 a share. lauren: the highest we've seen since 2014. an emergency meeting looking to release more oil reserves to keep oil prices from skyrocketing. oil stocks rallying, chevron making so much money, uping the stock buybacks to $10 billion a year. having investor day in new york, that's one reason, some strategy notes, stock market it bottom in their view because of the contributions and this is just one factor that they are flush with cash and buying back shares, there's a floor being

set but you have us importing 670 barrels of russian oil each day despite sanctions and i would say talking inflation, 50 basis point hikes, off the table. stuart: this morning oil was trading 97, $98 a barrel and there was talk of this "nuclear option" where a new sanction comes in and russia is not allowed to export natural gas or oil to europe or america. as soon as that was talked about oil went above $100 a barrel and is now 101. stuart: you've been reading the predictions for 110, $120 a barrel. it is a knee-jerk reaction in a volatile market. any bad news for headlines for russia will spike up the price

of oil. stuart: let's get to elon musk's *link system. it has arrived in ukraine. susan: in a war situation you control and keep communications and say what you will about elon musk that he's keeping his word and doing his part for ukraine delivering starling terminals in 24 hours after his twitter pledge. they are working according to reports from ukraine providing satellite internet and even if russia attacks utilities and tries to bring down the internet grid, it is up and running but in terms of big tech, youtube, tick-tock, meta, facebook taking news agencies off the air, which russia is protesting and apple and google taken off-line and big tech having an effect. stuart: the russian economy is becoming isolated. susan: the people of russia

can't pay their goods. stuart: i think there's hope in some quarters it gets so bad in russia the russian people take down vladimir putin and engage in regime change. you hear that talk. it is out there. big name is reported before the bill. look at target. susan: $100 billion sales year for target up better than anticipated, 9% of the holiday period strong cast sales for this year as well. not a great report card for calls, sales came in below forecasts, up the, projections for this year blaming the supply chain, doubling their annual dividend buying back $1 billion of stock. fighting off the activist

investors change in leadership and a spinoff of some sort. stuart: a stock buyback. susan: it gives us one motive. stuart: do i see a for the 20 maker hostess? susan: they are buying back $150 million in stock after a bitter sales court with more money instead of losing money and sales of twinkies are flying. stuart: i've got to say. zoom is down a fraction. susan: that is better. in the after hours, 15% at one point. this is outperforming for them. they are growing at 20%. quarter on quarter for zoom, only forecasting 11% sales but

zoom is part of the zeitgeist. apparently not so much because people are going back to work and buying back stocks, propping shares which are working but stock is down 70%. stuart: saying we are coming out of the pandemic, that's a pretty good report. susan: not good enough for them. look at the bifurcation. cloud software company had a pretty good quarter. the prescription revenue range above wall street expectations, if you look at the crowd strike, it depends on who you believe. there is still growth in this workspace. stuart: everybody going back to

work these days. we are here. on the screen right now the dow winner is headed by chevron. oil companies doing well at $101 a barrel. the s&p headed by target up 11%. the nasdaq winners headed by -- susan: alumina. these are more -- less well-known. the s&p coming off of its worst two months. there's been a lot of discounting. stuart: thanks. the big board after 7 minutes is down 48 points. the 10 year treasury yield 1.77%. gold doing better, 1921 per ounce, but coin doing better, 44,000, still is.

oil doing well. $101 a barrel. natural gas on the upside. the average price for a gallon of regular gas is $3.62 up $0.09 for the week. there is california. $4.84 the average price of regular in the golden state. is the time to slap sanctions on russia's energy sector? one house democrats is absolutely. role tape. >> vladimir putin has taken a lot of body belows but now is the time to punch him in the face, time to impose energy sanctions. stuart: we've not heard that from a democrat before. interesting addition to the debate. just hours from president biden's state of the union message. i should think he should laser reversing course on energy and the economy. the won't. wet -- what does larry kudlow wants to hear?

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stuart: the white house defending his decision not to crack down on russia's energy industry. who does jen psaki blame? >> us companies. the white house, the toughest things and in history against russia saying it should be enough to remove russian forces from ukraine. if you look at the latest data, us entities pay russia $15 million a day for imported oil. they have carved outs for oil.

jen psaki said whether the us should accept russian oil this is what she said. the step to ban russian oil. the prime minister of the united kingdom boris johnson calling for europe to end its dependence on russian oil and gas. republicans are scratching their heads on this. >> we need to not carve out in any way oil and natural gas from any of the sanctions was we need to ramp it up, large oil companies in russia need to be sanctions, perhaps even an embargo on russian oil.

>> reporter: calling on the president to reverse energy policies and allow the us to be an energy leader. senator joe manchin echoed those comments. stuart: the president delivers his first state of the union message tonight and larry kudlow discusses what will be said. do you agree that we should stop the importation of russian oil into the united states. you agree with that? >> i agree with that. 7% to 10% of our oil imports come from russia and i think that's a scam that should be stopped. the bigger picture as you well know is what i call drill drill drill, let's go back to energy independence.

by not drilling they stopped, the energy department stopped exports and the keystone pipeline and alaska has thrown a wet blanket over the world's most efficient and cleanest energy industry in the united states was my mantra is drill drill drill. stuart: not going to do it. >> vladimir putin gets rich because we keep oil off the market and the price is high. is not going to change. you will see a lot of malarkey about that. think of it this way. the cavalry is coming. you are not going to hear that from president biden, don't think any midcourse correction was we need to stop federal spending, kill federal spending, kill bbb, close the borders and show if you are strong at home you are strong

abroad but we are weak at home and week abroad and i'm very bearish on biden's speech tonight. stuart: he is giving the speech as a war rages in europe. as he is speaking they will be bombing civilians in ukraine. he has to address that war right up front. what is he going to say? how will he account for what he has been doing in this war. >> important question. my guess is he will talk about selling arms to ukraine which is true. that has picked up. he will talk about sanctions, the sanctions have picked up, no question sanctioning the russian central bank was a bold move. asset clip showed i still think we should be sanctioning russian oil companies, the 2 or

3 largest oil companies. he will talk about how the nato countries are joined with the us. the enemy is vladimir putin. he is the most evil, hated man in the world, part of that is the bravery of ukrainian president zelenskyy. president biden's poll numbers are in the 30s because his diplomacy failed. he should have used these sanctions months ago before russia invaded and has the temerity to say the sanctions were never meant as a deterrent which is one of these cognitively disabled statements nobody could possibly understand. i'm sure he will talk about weaponry and sanctions was let them continue to go on the sanctions we here at home it has to be stop spending, drill drill drill, stop this big

government socialism, close the borders down south, those are the things he should address. i think he will come up short. this is a referendum on big government socialism. let me add on woke the government socialism and i think mister biden will fail the referendum but the american public and the american voter will win the referendum. the cavalry is coming, let's save america. stuart: you are a voice in the wilderness was we will watch your special on march 1st, march 2nd, the fate of big government socialism, 4:00 eastern time. malik of -- molotov cocktails to defend their country. no secret many russian billionaires park their money

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russia who own property here medicine always this year and what can you or authorities do about what the russians bring the property in the city. >> with u.s. treasury department expanded their list of sanctions, we don't property here while the it wouldn't immediately be padlocked and then eventually they would be seized and we are talking about a lot of property with hundreds of millions if not a billion dollars and this is been practically away that they have a hard stare cash and often times these buildings are not even occupied are constantly in example, the building behind here for them are on the bike roman and he is the russian it banker to vladimir putin and purchase those for buildings for $90.5 million and no saying how much of her today despite his very close ties to putin he rains off the u.s. sanctions boston is not the only one that u.s. officials are pushing to be sanctioned and you look at some

of the other properties here in new york and, that with us, if this sanctions are expanded another person, he is a cofounder of russia's private bank he's done well by positiong himself closely to putin and he pays 42 million at her floor force of a seven-story mansion on 74th street. just take a look at some of the locations of these properties, they are so desirable and all-around central park and those who push this argued that if you have to hit him, where it hurts and a few physically hit the supporters of putting, they will be in his ear and also unable to be in his pocket. >> and the pressure on putin as a message into the world the behavior we are saying in ukraine, will be punished no matter where people are trying to hide. >> yes and trying to hide it like is that a lot of the time, this is a way for them to park their cash and oftentimes they

also by the properties under llcs or transfer them to family and friends so it's definitely easy but as i mentioned the u.s. treasury is a department that will have the agency to make these decisions and to make the changes and even though it might take some work, they have billion dollars were the property disappeared or was locked up for the friends of putin, they would definitely take notice and so would putin. >> madison, gray seven thank you very much, the markets we've just hit the session low the dow industrials we are down 261-point, down three quarters of 1 percent still ahead this program today, florida congressman and governor mike huckabee and jonathan morris, 10:00 o'clock hour that is next.

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sue and good morning everyone it's 10:00 o'clock eastern time and straight to the money, so him and can look inside of the screen, especially, the dow industrial is down at 2202 poin, and a ten year treasury yield, that is a headline in and of itself and all the way down to 1.75 percent and again, this is the flight to the safety of an american treasury securities the money goes and, the price goes up and goes down 176 and look at the oil, on its way by the looks of it to $102, it is 10190 right

now and you know what that means, somewhere down the road, $4 per gallon gasoline, the big coin is doing well, 43900 up her point as we speak, and is 10:00 o'clock and just almost ten oh one, we have the latest read for the month of february has never coming. >> so we came in at 68.6, above expectations and certainly above the 40 month low we saw in the month of january. it is good news considering the supply chain constraints that the businesses have. >> and the nasdaq briefly in the positive and then turned south and were still there, it is at 220 in the dow industrial so when no impact from the many factory numbers and now this, just look what putin has done it, he has invaded the peaceful neighbor, destroying cities and killing civilians and children, and it's not over, this morning at russians announced they would continue their first operation

until that goal next, he is using cluster bombs and vacuum bombs in urban warfare and brutality will continue. the ball is back in our court now and time to consider has been called the nuclear option during russia's energy exports week stop buying oil from russia and europe stopped buying their gas and catastrophic for putting in the wall street journal estimates that he gets $650 million a day from his energy exports. not cash funds his aggression and coming out the cash squeezes putin's economy and that is the objective and severe sanctions will not putin's and will withdraw his troops with sanctions but those sanctions give him a huge natural problem back home, have problem big enough to mount a challenge to his regime and in fact that is what the nuclear option is all about, regime change and president biden it is 90 and an ideal opportunity to pile on the

property and could announce an end to russia oil coming here and yes the price will go up visible gas prices but also raised america's oil and gas productions, long-term, we all would be a lot more secure and it is crunch time and want to find out what kind of wartime president joe biden is in second, just getting started. ♪ ♪♪ ♪ ♪♪ and the former governor of arkansas is with us, a time of war, we want a guy to look good, dusty. guest: what he could and tonight would be a great opportunity to do exactly what you said you call the option, would call it the fossil fuel option i went he say is america has funny resources we have several hundred years worth, the fossil fuels under our own feet that we

could get out of the ground only to supply our needs but to export and to take the russian market away from putin and this is how you blinded the strong man if you will and if we were to do that, and he is going to be in a much more difficult place to do the things not only knew quite a bit of the places in the reason that he will not do that tonight, is because he's being held hostage himself by handful of the squad in the far left radicals in his party, and is basically the captive of bernie sanders and left-wing, and he somehow believes that he can starve america and empower russia and still be a great president and you can't, it is time for him to realize that he is the american president, do things to help america in her our enemies in russia is our enemy right now and vladimir putin is a murderous thug. stuart: the speech night is highly political obviously he

was to rebound for the november elections just saw the critic the latest poll which is approved already in america, 37 percent. in reading between the lines, if what you're saying governor nancy how he bounces back from this way underwater position and if he does not expand america's oil and gas production and take care of the energy problem, i don't see how he would rebound. brian: i don't think he does and if you're sinking in your vote, the best thing to do is attach yourself to a vote that is not sinking in the way that he could immediately change his prospects, is to attach himself to the landscape in the ukrainian people in the inspiration of that they are giving to the entire world and to say, for many reasons including at that we've got to stand these freedom loving people in ukraine, i'm going to open this because of american energy were going to start putin and we're going to have to do this if at least temporarily and perhaps permanently, but that is

how he can change it is going be hard freeze in the squad to say we don't care thing about the ukrainians, and that they were to say that right now, they would think their own ship rather than joe biden's. stuart: delivering response to joe biden the democrat responding to the president gotta say it must tv and governor thank you for being here will see you soon. after classified briefing it, one democrat congressman is calling for energy sanctions a democrat. >> yes in massachusetts, he said that it is time. >> okay so, the sanction the energy industry in russia making an allied effort if he has to change, and the opportunity for

president biden because there is a change of opinion is to be a war on fossil fuels, and a nono that more has been postponed, i don't think that it just gave up and say well you know, we are going to are not going to have these great ambitions but the work on carbon has definitely been postponed because russia is showing us that energy security means national security. stuart: you have a temporary postponement on fossil fuel that we've got to produce more on the short term because we've got a huge world wide energy problem a short term we will do it and he said unto it. >> and we are at 102. stuart: and that's when the socks are up so much of the dow is down at 300 thank you so much lauren and check back into the markets and where are we now, down down down the dow is up two town 270 and nasdaq down 33 and scott is with us now and you follow the commodity markets real closely, and what i've seen recently is food price

inflation. wheat corn soybeans and more, they're all going up and confirm that place and we have food pricing from the commodity markets. guest: do we ever stewart and stevie gotten worse since last inflation we had and as i said, the radio show this morning, we've had weight doing it because everybody is so worried about what is going to happen and is a big part, the breadbasket of europe and so think about it, are they going to be looked plant in the ukraine, plant corn this year we have grain and corn and wheat and the ports ready to go out with the ports are closed and the mean it screws up everything to such a degree that they're going to have to come to the u.s. and the prices have just gone through the roof and i had to that the fact that we have an oil issue and amine this is really turning out to be something that the feds might not be able to fight stuart, they could raise rates animal make it on his suitcase, on the queen mary it will ♪ ♪ difference because we have inflation if it will be running rampant it so this would be a problem and i think that sometimes when you see the dow,t have doubts, or the feds can go

in there and surgically remove inflation without hurting the rest of the economy and i don't think that they can do it. stuart: so what is your forecast, $102 a barrel now and gasoline is adding to $4 a gallon and the food price inflation and how does the fed deal with this because we clearly have got inflation problem and they got a deal with it and what they do. guest: they are going to have to embark upon interest rate hikes in the same time our economy could be we can angle an global duty downgraded down to three to half percent decision that it would be raising rates which have never seen in my 35 years, into the teeth of the weakening economy know what is it going to say, stagflation is where we might be headed because the situation is such that these things are now in control stuart and let's not inflate things, we had an energy issue before russia and ukraine and a monetary problem up before russia and ukraine and don't let

this government blaming those problems on russia and ukraine like their already starting to do. that just made it worse, exaggerated a bad situation at the situation it is so easily solved, is frustrating and people in the investment community about why we cannot stop spending on cash and pump more oil in those two things get us on the both here and abroad. stuart: no rain surgery, see you again soon scott and another major corporation at joining the standing is russia, general motors him a is down 3 percent of their stock and what are they doing. >> i say is not a big deal because jim doesn't do a lot with russia, this is a moral stance, all of their vehicle exports is 3000 vehicles a year to russia but they do have 16 dealerships they will fill from general motors. stuart: the socks are down 3.7 percent auto also mooted.

>> winter and strong card, about 2 percent, continued consumer demand for car parts during the pandemic and their sales grew 1e inventory rose by over 6 percent because they open new stores. stuart: good on them. >> the lowest cost pharmacy for your prescriptions down 39 percent, are these putting the price target by 50 bucks down to under 35 and reason they're not adding as many recent report card the investors did not like the big fella. stuart: and on the dow as well, it's downtown better than 1 percent and can you put domino's pizza on the screen please come on down for nap percent a story. >> simple, we didn't order as much pizza so their earnings and revenue in the fourth quarter and same sales rose and they rose just 1 percent. stuart: pandemic winter and everybody is eating and thanks a lot in ukraine's president

volodymyr zelensky a standing ovation after making his plea to the european parliament and will tell you volodymyr zelensky's powerful speech coming up and now this, a 40-mile long russian convoy headed straight towards kyiv the nation's capitol ukrainians are fighting for the lives and freedom, and live on the ground, with our latest report and that's next.

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the market is selling off especially the dow industrials, down 31308, even though there oil companies, and the dow 30 are doing well, industrial average itself is down, 1 percent. here is a problem for the nasdaq composite, the son problem really, it is a sign of the flight to safety, the yellow on the ten year treasuries all the way down to 1.75 percent and this all ukraine. and in ukraine, that's what lucas thomason is now the latest please. reporter: stuart, the one said that over 650,000 people have fled this country and concerns are rapidly building that this could be the worst military and crisis the century now most of the people playing for country are playing about 40 miles west in poland of worms standing in the ukrainian president this country short time ago. >> there's only, the country commits a crime against civilians cannot be a member of

the un security council, this country has to be banned from all of the ports, the channels and air force to the world. and fresh concerns here that the russians are going to try to cut off the supply line from poland which is a critical artery to get supplies into this country and is that russian convoy some 15000 soldiers and hundreds of tanks and armored vehicles bears down the capitol and this in the siege force in southeast ukraine the russian defense ministry claims glenridge to crimea and prudence military objectives is now complete and random 2000 russian marines in ukraine's denied the takeover since the area remains contested and in part, second largest city northeast, russian special forces unit was annihilated. summa showings in civilian areas is revenge and fresh ones from russia back to the capitol, they say the launch missiles and military targets around the city and this would - two poland.

>> i took a train from b to get here and there hard and dangerous and scary physically and mentally. reporter: now here in the ground we are seeing much more panic among the people of many more people are packing bags and flee the country and the trains in the act and the armies are a victim many people are feeling helpless here and prudence day here on day six. stuart: basics and with me now, the ambassador to the united states, a mr. events are straight out with it, you board up russian are you expecting any invasion. guest: it know we aren't but presenting putin has made was less safe for everyone, ukraine and poland and for the u.s. we have to make a stand against it. stuart: the of american troops on the border.

guest: we do have a small number of american troops, with them but we have a larger british and french and danish in our country in addition, we are capable of defense forces of course. stuart: so if you are to be any kind of exchange of fire, on any of those troops on the border with the russians, that would be a breach of article five of the nato treaty and we would all be bound to defendant you and other nato members, is that accurate. guest: yes, that is accurate but is certainly something that we have no reason to doubt that this is very different. stuart: the moment the relationships seem to be one of hostility and what relationship do they really want with

russians. guest: we look at the map, consider that estonia is just an idea for $3m people bordering the 150 million people and it is very easy to understand it estonia would be one of those would benefit most free democratic prosperous with russia so with that said it certainly we would be interested in. stuart: but would put in have to go, in order for estonia to have the relationship with moscow that you want. guest: for mr. putin's for the russian people but certainly, with the policies mr. putin has carried out, thus far i don't see any perspective for a great

relationship and what we in the west have to understand is that when we may be interested in an - but when other side is doing playing ice hockey in the same ice rink, what we can pretend it that we cannot continue the way that we would like to see it. stuart: thank you for being with us i know it's a difficult situation for you and everyone in estonia and we do appreciate you being here and thank you. guest: thank you for having me. stuart: earlier this morning, volodymyr zelensky the president ukraine addressed the parliament european parliament and he got a standing ovation. >> he got support as russian missiles slammed the second largest city in and that convoy at the city capitol. >> much stronger with us, and we have strength so proof that you

are with us and then life will win over death and life will win over darkness and glory be to you ukraine. [applause] [applause] >> day six of the invasion there still standing strong and they got a standing ovation at the members, will now decide if they can fast-track ukraine's acceptance into the block. stuart: this is only you and what is this about russian intelligence, the kremlin intelligence or whatever he would like to put in new york city. >> in the riverdale neighborhood in upper manhattan, a very high up, they call it the flat and they think it is so high that this is a good radio reception at for coded messages but is home to russians and many of work as intelligence officers from the kremlin "fox news" .com is reporting that who or what they are spying on the answer is everything it, they're just

doing their homework very diligently and collecting information up on the u.s. and americans. stuart: just down the street and thank you and president biden approval rating is a new low, just ahead of his sin of the union address tonight, we'll take it on momentarily and the un expects more than 4 million people will leave ukraine take refuge in neighboring countries we have a full report that from poland, next.

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stuart: we have a big decline for the dow industrial, 300 points south, and time again the nasdaq is up 19, showing me big tech players that's where all the money is these days, and apple is up ever so slightly amazon is up ever so slightly, and platforms holding it just above $200 a share, google is out 14 bucks, not much in microsoft, trying to run again at $300 a share, that is what is happening in the market. and the movers and you gotta start with chevron. lauren: clearly the number one of the dow a new high in oil and surging within the biggest gain since november of 2020, and also for chevron race thereby back

and said the soldier to brush is limited so that's a big minor and not as many cars because of the supply chain it, 13 percent and they cut their production it and it was between 12 and 40000 vehicles this year and that is down from 20000, such as about have to also want to tell you the stock is been all over the place, volatile. the revenue fell short and expectations but i want to talk about covid-19 once again a note with russia that has a backseat right now there's news that in a phase three, 20 vaccine trials in british, really good results, he extended the protection against infections, and disease in the study and that's why the stock is up 6 percent. stuart: thank you lauren an estimated 520,000 people have fled ukraine, and 280,000, have entered poland and shiny is there and have you saw ukrainians go back to ukraine to

fight. reporter: absolutely, these guys are right behind a start, right of the hill right here, do you see them as they're getting into their passport control and just before you came to me, they didn't speak much english but i said you guys going back to fight and they said yep, they all nodded going back to fight and you see it over and over again usually young men with duffel bags, walking and down with the border crossing at and that's ukraine, you just looked into the distance and poland it is straight in front of me right between the two countries and i'll play you conversation that i had just a short time ago, two men were coming up in his into a one-man, going back to find it i said have you ever been involved in a war before and here's what he said. >> no, no, no war. reporter: you go back and get involved in this find what we do we need to do the other side, somebody meeting you and what is the plan. >> mother and sister.

reporter: you're going back to help as well, so fun and poland and going back in. >> going with them. >> i want to help because i think that would happen if there is bad and should not have happened at all. reporter: that should never have happened in the two of them were walking like that they felt that we are standing on then they went in through the passport control there any get checked out in your it in ukraine it and somebody may be courageous to pick you up on the other side and then take you over there and here in the fight, these are people that don't have any experience in this kind of thing but that doesn't matter to them, what matters is they love their country they hate what is happening to her right now and they can't not many of them selves cannot live with themselves if they do nothing about this and they're going back to try stuart to do something about it we seen seen it over and over.

stuart: what a story and thank you connell, saying on the crisis in ukraine, 5,120,000 refugees have fled and jonathan joins me now, this display of brutality and ukraine, from vladimir putin's rise to the level of war crimes. reporter: absolutely, the legal scholars will make the final distinction it but we can say is that the rights a level of evil and wars are complex, on both side is sometimes there is a rational justification of violence. in this case, this is good versus evil of a good versus evil and it has had and it's depressing i would say, it is horrific. and sometimes it is good for us to see evil and look at in the face and say, some things are worth fighting for and somethings are worth fighting against and this is that. stuart: business right to a

level, this is so bad that vladimir putin has got to go. reporter: yes, we'll all go but what i can say it is very clear from just war theory that ukraine has not only the legal rights, the moral right to defend itself and if necessary, to kill the aggressor. and putin is the aggressor here and perhaps the only way to stop him, perhaps the only way to stop him is to stop him from living because he seems not to have any respect for life is willing to do anything that he can to take other people with him. stuart: and what you call a just war, scenario, what is that exactly. guest: will more is always evil because of children of god who are unable to treat each other with respect and dignity, but when you are in a situation of when somebody is coming at your life the lives of your children, we have and this is a long tradition of an moral theology

that we can kill if that is the only way to stop the unjust. stuart: the judeo-christian is that you a justified in killing your aggressor. guest: there are things you have to put it out for example proper proportion that doesn't mean you can wipe out the entire russian people know. the aggressor come the unjust aggressor. stuart: what roll does religion play in this. guest: a lot. stuart: it is understand the rationale has the russian orthodox church and i thought the ukrainians were also part of that same church on the eastern orthodox are they the same. guest: will, and glamour putin has try to learn from history that back to stalin and the soviet union and when these communist leaders try to do is wipe out religion completely and putin said it did not work and we all know that it didn't work and it was the religious that gave people the power to fight

against evil dictators and somebody is said is that i voided take over it and control the religious faith of my people in this what is done with the russian orthodox and the church and ukrainian orthodox church split off officially in 2019, signed documents together with our - and they said that we will not allow our church to be controlled by vladimir putin and the russian orthodox leaders who have given in and said that we will protect you vladimir putin from all of your evil ways. stuart: that's fascinating and i did not know any of that jonathan and thank you for being with us putting it out. and elon musk, making going on his promise, he just sent dozens of startling equipment it and not sure what the correct word is but that equipment in the screen allows access to the internet for people of ukraine, a great story and we've got it in russian cyber attacks are up

800 percent within the first 48 hours of the ukrainian invasion and so how american businesses preparing, we have a report on that as well and that is next ♪ ♪ ♪ ♪ ♪ there's a different way to treat hiv. it's every-other-month, injectable cabenuva.

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stuart: those markets are in the ready, the dow is now down, 400 points, i think that oils got something to do with it a few moments ago we had oil at the height, yes and here's $103 a barrel, it is up 7 percent today and alone and a ten year treasury yield, down all the way down to 1.73 percent, and that is the flight to safety in treasuries and there is this, top nassau officials said that international space station, with russia is unaffected, despite the invasion of ukraine she said that the teams are still talking it and training and working together and elon musk announced that they would

indeed said starling satellite space x internet dishes to ukraine and ashley, i i think it arrived fast right. >> they did is remarkable, not when you consider that ukraine is under attack by russian troops in the request, the tag musk was posted on twitter this past saturday by ukraine's digital minister by monday, ukrainian authorities have posted the photos, you can see there showing more than two dozen boxes of kits in the back of a truck now each startling kit includes connecting of a mounting tripod and raptor and is unknown exactly how many kids space x has sending to ukraine but moscow responded to a message of thanks with very simple, you are most welcome but in less than 48 hours, less than two days, he got that equipment to ukraine it, is remarkable stuart. stuart: it is terrific and all

good stuff and ashley, and the first 48 hours russia's invasion of ukraine, suspected russian cyber attacks when up 800 percent and lydia joins me an american businesses were they doing to prepare themselves. >> an all hands on deck scenario in american businesses and they are practicing drills on the scenarios and they're fortifying the defenses in the looking for the weakest link within their own companies which include is vendors that work alongside with them and sharing one of their security practices that other partners and also say where did you get your software because that might affect our operations. >> invited come from a north american a company but did have components where traded by an open source by an organization that happened to be backed by the chinese government or russia. russia. >> the perpetrators are officially on note that they are

believed to be tied to russia, microsoft or example install ukraine about cyber attacks on civilian and military targets and it is shared defensive suggestions to the ukrainian officials and satellite, but instead investigating suspected cyber attack causing a partial broadband outage and residential area ukrainian today toyota is taken 14 of his manufacturing it off-line plant under supplier the classic part was targeted in japan, the production roughly 13000 parts in this happened right after japan joined western allies and sanctioning russia and all these instances are taken very seriously, and just yesterday in a no official told reuters that a cyber attack on a nato member state could trigger a collective defense for member nations that could include sanctions and cyber response or even conventional monetary forces. stuart: in a that line very easily and thank you and

cracking down on russian state-controlled media across the european union, he slain his to me, what are they doing. guest: well they said the facebook is restricting access to russian state-controlled media at the request of several governments across this european union in particular the company said is the access to russian news channels, formerly russian today rt, and sport make the latest in a series of moves and also facebook announced it would prohibit the media from running ads monetizing up on this platform from anywhere in the world. and in the meantime twitter announced that it will begin adding labels and tweets containing links to russian state affiliated media websites in the company said since the invasion of ukraine, and seen more than 45000 tweets a day remarkable, sharing links to russian state affiliated media outlets and they are trying their best to clamp down on those. stuart: thank you ashley, the

next case, former governor of new york, andrew cuomo spent nearly $400,000 on the new political ad that pays him, as a victim is he trying to make a comeback, without the story for you in new york schools mask mandate ends tomorrow with a still have to wear them today and brian kilmeade is fired up about this and he is next. like what you see abe? yes! 2b's covered with zero overdraft fees when he overdraws his account by fifty bucks or less. and 2c, well, she's not going to let a lost card get her stressed. am i right? that's right. that's because these neighbors all have chase. alerts that help check. tools that help protect. one bank that puts you in control. chase. make more of what's yours. (vo) for me, one of the best things about life is that we keep moving forward.

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stuart: new york state in tacoma it seemed like he is trying to make a public come back and what is it doing actually. guest: good question, there now looking internet campaign claiming he was a victim of a political good job despite the fact that he presided it is christ in the politics versus law commercial, state attorney general, the tisha james and her investigation at the concluded that the democrat former governor, harassed or mistreated 11 woman including executive staffers and a state trooper in the attic combined snippets from tv reports of highlights of decision by five district attorneys do not bring judges against cuomo for sexual harassment and take a listen. >> challenging trying to press

charges and not one has resulted in prosecution. >> in the complaint is hereby dismissed. guest: well they conclude by saying political attacks wanted and new yorkers lost a proven leader and by the way, is one of the alleged victims former executive staffers, charlotte bennett said that, is just perpetuating what she calls a big light and by blaming his victims. stuart: got in thank you ashley, will check the market because the dow is now down 430 points, the biggest loser down for 30, modest loss for the nasdaq in the big bosses one and a quarter percent down for the dow industrials i think we've got a list of the dow losers, yes there they are, big losers in those stocks, the market express j.p. morgan it down under woman is down, and you see the interest rates are sharply in

this way but j.p. morgan, and express and goldman sachs is down today the benefit from higher interest rates and they don't want to talk about lower interest rates we met that deal with the ten year treasury all of the way down to 1.71 percent, as of right now in the lower the yield goes, the lower the financial stocks listed in the dow industrial average and coming up on the 1051, you know what that means, that means it is time now 20 is now okay brian, this new york stay wise mask mandate brian kilmeade and tomorrow. brian: going out today, you know, well let me see, the science is there so as you can see, the science will i'm sorry it is tomorrow will a guy in a lab coat walked in and said yes wednesday will be the day and that will be the time, total-i love the hygiene that rand paul pointed, this whole thing is hygiene theater and i was actually not going to give away

the yard but i was actually on a plane two months ago, they woke me up my daughter of it because my mask was slightly slightly below my nose and they threatened to throw us off the plane. and number two, then yesterday i was on the plane on sunday, when the days go friday, and i had something to eat and never put it back and were done we are totally done and in new york it, they have used it that is going to be the story, these moms brought their kids to school or being tortured, they don't even know it because there first and second graders they don't even know what they have been through and how their growth has been good and i guess delayed. and we understand, are starting to teachers in elementary school, they have a label now, they say is a covid-19 kid, the second grader and she's a first grader there no idea how to spell and they are your delayed especially if they were in a situation where they had to parents working, which may be

some babysitters nobody been on the zoom and so every kid almost every kid except for odd situations is behind across america and for years for no reason. stuart: i think the teachers union it really did serious damage to america's public schools and again been there because of god much more something much more interesting for you brian, vaccination schedule and is not put in. your calling vladimir putin, who is vladimir put in and a of judgments on this, is a stable or is the unstable. brian: will now i'm not sure, but it was a the one thing about him through his career is been remarkably consistent, he was only child, brought up in a situation where he did well in school and he aspired to be in the kgb but you have to be asked me unit so he wouldn't schooling finally got cason to do it and affected the rest of his life and he was in east germany must be a very moderate position that

much drama involved drops and 89 in the witnesses that, and from that moment on, his mission was to reconstitute that soviet union it and he was so upset when roscoe said send in the tanks, what is in east germany and nobody picked up the phone, speaking of the phone right now and i do believe that rice said something in red cliff said in the same thing as we follow former ambassador, the russians speak russian and they say is not the same guy and one thing that is happened now, he thought that it was easy and he thought it was easy in georgia because he had no repercussions and that it was easy in the region and repercussions anyone into syria on the nasa killed a 5000 people, one third of which were innocent children knocking on buildings and everything here. and he threatens ukraine and nothing happened, is the first time he's understanding that he cannot do everything that he wants but it's not because of us, is because the ukrainian

people more freedom and something that we used to get up every day being thankful for, we've gotten used to i think this is a wake-up call to america to understand what we were born with, and people are dying and to get in ukrainian is an example of that. stuart: to speculate for me, what you think president biden will say about vladimir putin in the state of the union speech tonight. guest: he'll say he rallied the world against vladimir putin he will say that the bottom line is, and is volodymyr zelensky who did it we lead from behind again and that's exactly person he trained under president obama, want to delete from behind and he allowed them to take the land they did and he was afraid to give the ukrainians weapons to defend themselves in a peanut butter and jelly sandwiches the blankets and instead, they gave up a large portion of the region another fighting for their country. and sadly, we have to be prepared to get up monday and find out the governor was wiped

out in the capitol has been captured this on okay with me. stuart: you got right in brian i want to see the show of years, on saturday night and it's called one nation on "fox news", i will be watching all of the rest of america and we will see you soon brian and still ahead mcdaniel florida congressman in ukrainian parliament member picks up a gun enjoyed the the fight against russia, watch this. >> we have to stand up and fight every single step of the way in ukrainians, is kicking is - and doing it very well. stuart: will join us live it from kyiv and her third hour of stuart varney and company which is coming right up.

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>> this comes at a time the president at the pool reading is below 40% in most polls and in the economy is treading water in ukraine only added to to that. it's a real uphill battle politically. >> time for him to realize, do things that help america and hurt our enemies, russia is the enemy. vladimir putin is a murderous thug. >> the cavalry is coming.

we are going to save america. unit may hear that from president biden. we need to show if you are strong at home you are strong abroad but we are weak at home and we are weak abroad. >> we have an energy issue before ukraine, a monetary problem before russia ukraine. don't let this government blame those problems on russia ukraine. >> is trading on russia. all of our hope we see upside for the markets. we have a year end rally. stuart: it is 11:00 eastern time, tuesday, march 1st. markets show red ink especially the dow industrials down 400 points down to 33,400. a minor loss for the s&p and the nasdaq. show me oil. oil company stocks are up.

we are up $104.40 a barrel. in response to the possibility we lay down sanctions on russia sanctioning their export of oil and gas would oil goes straight up, 104 right now. the 10 year treasury yield down to 1.72%. now this. vladimir putin has failed, vladimir putin is losing and he knows it. he will send his troops to kill women and children. he will keep at it. if he leaves ukraine cities in ruins he loses a. he has turned the entire world against him. if he occupies the country faces a determinate armed population. the economy is crippled. he is losing his cronies. demonstrators are out in force was where putin is seen as a dangerous madman. contract that with what we saw

this morning. president zelenskyy speaking from an undisclosed location addressing the european union's parliament would he wants to join the european union and be part of the west. that the opposite of what larry putin want to do. zelenskyy received a standing ovation. he is the fearless wartime leader. vladimir putin is a thug. biden's wartime rating is shaped by what he has to say tonight. third hour of varney starts right now. charles hurt his joining us, glad to have you on board. what do you want to hear from the president tonight and what do you think he will say? charles: what i want to hear i can guarantee he's not going to say. what i would like to see, is some admission their policies

have been disastrous and their policies, vladimir putin is the only madman for the invasion of ukraine. and a lot of decisions of the past year. and that vladimir putin could do them over this. to neuter ourselves as energy independent leader of the free world. that actually enriched vladimir putin to invade our country and the second thing is inflation was all the policies the past year that led to this situation with inflation, it does tie our hands, very difficult to make decisions, and inflation going up. stuart: he will try to take

some credit for the ukraine situation. >> i've lost you. stuart: can you hear me now? we will try to restore order and get back so he can hear him. let's go to this. the dow industrials down 388 points. that is a big spike for oil this morning. joining us, welcome to the program. good to have you on board was oil just $104 and $0.07. the you think that is the peak? >> i looked at this is contingent on what happened. russian energy, imposed the only way it is not for that oil

price. stuart: is it likely we will impose sanctions on russia's exports of energy? that seems unlikely because everybody gets hurt. >> everybody gets hurt but the question the free world is asking is are we willing to absorb payne to get the impact on russia to get the outcome we desire in ukraine? if the us -- europe is the one that needs the freedom to build the ultimate pain. stuart: we've got serious turmoil in the financial markets. what would be a good safe haven? >> us stocks in general. if you look at the s&p, roughly 70% of revenue generated by constituent companies comes from the us rather than international exposure. fibers of the stock you see rally, it could be 50% plus and then tech, when yield go down tech gets the benefit of that. stuart: foreign countries could

get hit worse than ours as the ukraine crisis roles on. >> us stocks as a safe haven, they think that will continue. stuart: that's okay with people within our time outlook, stay put in american stocks. into the 70s. what about us? >> what are the alternatives? would you rather be holding safe assets? the most important thing is capital preservation and that is where you need to find -- stuart: capital preservation at all costs. i hope you can come back. where that accent from? >> from london. stuart: a southerner. you can come back. i believe we have restored our audio connection with charles

hurt. he is back. can you scroll up, prompter? that new op-ed. invasion of ukraine, green new deal, war won't be the last. >> reporter: the biggest problem is we have an administration tied to an ideology, and what is best for americans and america. this devotion to green energy which obviously we cannot afford right now which obviously is not a market solution at the moment, the world revolves around oil whether we like it or not, that is the bottom line. this administration would rather prove points and do things to undermine american energy independence. but you wind up empowering

murderous thugs like vladimir putin and that's what they have done here. ideology over common sense and i don't think the administration will do anything to change their minds was as is typical now, when the administration talks about crime or illegal immigration they refuse to admit the problem. jen the sake says the real problem is we need more green energy. the way to fort vladimir putin in ukraine is to build more windmills. it makes no sense. stuart: the president's approval rating is down to 37%. i think that is a low for him in the cycle. how can he bounce back from low numbers like that in time for the november elections? >> i don't think he can. the only hope is to start admitting where they have problems and talk about real

solutions and talking about fairy dust and windmills to stop a murderous thug in ukraine is not the way to do that but every issue they deal with, whether it is crime or inflation or gas prices they -- their response is always an ideological response and the reason his numbers are that low is not because republicans have given up on him but democrats and independents but also democrats are giving up on him. stuart: wait until you hear rashida tlaib. wait until you hear what she has to say. >> he hasn't sort of his left flank. it is amazing. stuart: we will all be watching tonight. i will watch the reruns tomorrow morning. new headlines out of ukraine.

lauren: zelenskyy said that president biden said it wasn't time to introduce a no-fly zone over ukraine. what that does is it draws the us directly into the conflict meaning the us in a position to shoot down russian planes over ukraine draws us directly and not a position we are willing to take. zelenskyy calls a preventative. the airlines are down 5%. oil prices spiking get. they have to fly longer routes to bypass russia and part of the middle east. stuart: we have one solid mover to the upside and that is target. lauren: strong holiday quarter, same-store sales 9%, and full-year revenue. and they are doing something right. stuart: how about footlocker? warner: it is down double digits.

7%. right now, under from overweight, cut the price target, downgrade to neutral, 34 here. that is one of the reasons footlocker is struggling. stuart: the president's approval rating at a new low-end of the state of the union address. democrat socialist blaming us imperialism for the russian invasion of ukraine. congressman michael walsh takes on in a moment. a 40 mile long russian convoy headed for the capital of ukraine. tray has a report on that coming up next.

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symptoms develop or worsen. serious allergic reaction may occur. best move i've ever made. ask your dermatologist stuart: us officials are say rush's move toward kyiv has been installed. this is about that convoy headed towards ukraine's capital city. trey yingst is there. what is the latest on this? >> reporter: this could be positive news for the ukrainians as they look to dig in and fight back against the russian forces. satellite images show this convoys 40 miles long. it was approaching the capital city of kyiv. officials believe it is stalled. logistics problems for russian troops operating deep into ukrainian territory as siren sound across the country. the second largest city of

kharkiv two cruise missiles killed a number of people. the ukrainian president zelenskyy calling this a war crime and demanding accountability. we saw citizens in the capital as they look to go underground and tied from these russian campaigns and through the city. take a look at. a familiar scene unfolds in the ukrainian capital. lori says goodbye to his daughter and granddaughter. they are evacuating to the city of lviv. >> we need to make our children safe. i never thought it would be like this. it is not a joke, but hell. >> reporter: like thousands of ukrainian men he will stay in fighters the russian invasion continues. >> translator: my daughter and granddaughter leaving. i am staying for territorial defense. >> reporter: people here are running out of time. russian forces could surround

the city in a matter of days. the central train station in kyiv is an evacuation point for people looking to go west to. across the ukrainian capital there are soldiers in the streets who set up checkpoints using everything from potted plants to pianos to trucks to slow down this russian offensive and put up a fight. stuart: thanks very much. joining me now, congressman michael walsh, a man with significant military experience was that convoy, surely that is a target. >> reporter: it is was the axiom of logistics wins or loses wars is playing out. we are seeing more reporting of russian columns out of gas, out of spare parts, not being fed and cared for properly. for vladimir putin to maintain and sustain and resupply an army of 200,000 over this big

of an area is hugely complex. on that specifically if the ukrainian resistance can start attacking these vulnerable supply columns they can choke off russian armor bogged down in the cities. that is what the resistance is focused on and why we've got to get them the systems and the weapons they need sooner rather than later. imagine if biden had gotten them the arms they were demanding months ago. stuart: fox and friends reported this morning that the ukrainian pilots were in poland, picking up some old jets they would fly back to ukraine and use them to attack their convoy. is that going to happen? >> reporter: we are seeing mixed messages from the eu and european countries whether they

will provide those jets but if they do pick up that many it is significant the russian air force hasn't been able to establish air superiority. one of the big reasons is they used up a lot of their munitions in syria and their industrial base hasn't resupply their bombs and missiles for rush and that is ukrainians a big opportunity. the more this gets slow down the more putin bogged down the more desperate he will become. i don't see him using nuclear weapons or smaller tactical nuclear weapons there are other types of weapons of mass destruction, these thermo barrick bombs are the most brutal type of munition short of a nuke to start pummeling, shelling and bombing these cities. that's what they did in chechnya, syria, this could get a lot worse before it gets better.

stuart: is that the vacuum bomb so to speak? >> that is right. the shock from it knocks the air out of you and when you take the next breath it will be filled with flammable materials that literally burns you inside and out. it is a war crime to use it. it is absolutely brutal and meant to devastate all city blocks. we are starting to see using eastern ukraine. stuart: this is a life-and-death struggle for vladimir putin. >> he cannot lose and we are seeing him double and triple down. he is going to go all in. he can't lose this for his own domestic reasons. stuart: socialist blaming the invasion on imperialism, democratic socialists of america and rashida tlaib will deliver the response to president biden's state of the union message. the left is out in for saying it is imperialism. can you believe this?

>> the thing putin fear the most is the freedom a liberal, open-market democracy successful on his border and it has been interesting to see the progressives really quiet when we are talking about arming every ukrainian and the implications for second amendment rights here when we are talking about the fight for freedom and the fight to determine your own individual course in life and all these groups understand they have lived it, the communism doesn't work, socialism doesn't work. that's the death of freedom and that is a blow to the socialist narrative. stuart: thanks for joining us. see you soon. check the markets. a look at that, the dow is down 400 points, smaller loss for the nasdaq and s&p. disney, sony, warner bros. have all announced they will pause film releases in russia because

of the invasion. all of them down but only slightly. movie companies not the only ones refusing to give service to russia. what is netflix up to? ashley: refusing a new requirement by russian regulators to carry state run television channels on its streaming service in response to the country's invasion of ukraine. netflix has been added to a list of audiovisual services that would need to comply with the new requirement that begins today to carry as many local news, sports and entertainment channels was a netflix spokesperson telling foxbusiness it has no plans to add those channels to its service in russia. netflix is the only international streaming service that has been cited for this by russian regulators and it is unclear what will happen now that netflix is refusing to

channels, there is no answer to a request for comment by foxbusiness with the russian regulators, not expected any time soon. stuart: donald trump won the presidential nomination straw poll so is he leading the republican party in 2024? i will ask ronna mcdaniel was a member of the ukrainian parliament is ready to fight to save her country. >> we have to stand up and fight every step of the way. ukrainian resistance is doing it very well. stuart: she is a member of parliament on the show live from kyiv next.

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stuart: dow is down 466 points. there are significant movers with a movement like that. let's start with lucid. warner: the electric car sector. lucid is cutting production

targets and they will only make 14,000 cars this year. they are blaming supply-chain problems and came up short last year only delivering 20% of the 500 they promised in 2021. they are going all electric by 2025. the electric i start the premium and you deliver, not just say we are an electric car maker. stuart: you've got to deliver. how about cryptos? they look strong this morning. susan: we are slightly below 44,000. bitcoin once. the algorithms, more being put in. the highest since may. that says people from russia are trying to get into crypto currency.

the ruble devaluation means currency has been losing value. stuart: an inflation hedge. susan: keep your wealth to protect your money. stuart: banks. i saw them active earlier going down because interest rates are down. susan: i would call it russian exposure risk. i was looking at the numbers. 52-week lows for jpmorgan and they should be rallying in a higher interest rate environment when you make more money off each loan with interest rates going up but the question about the russia exposure, $10 billion of exposure almost doubled, people are picking through what does wells fargo have for jpmorgan especially with russia sanctions and being kicked out of swift. stuart: exposure, money, their capital in russia which they

can't get out and back. susan: on investable with a lot of people here. stuart: our next guest who picked up a gun to defend her country. kyra runic is a member of the ukrainian parliament and joins us now. that convoy of russian armor was stalled on the outskirts of kyiv. what are you seeing on the streets now? >> right now, there are two tactics. the first is to try to make a breakthrough in the second tactic is the siege on the city and preparing for a while. 10 minutes ago before the call,

the russian missile hit the tv tower in kyiv and this is another part of the plan we knew about, making this disorganized, shares this information the government agreed with vladimir putin. peaceful negotiations and part of his plan. we had 3 or 4 attacks on kyiv in the last hour. we anticipate russians will try to get into the city. this is what we've seen in the last 6 days of war, the whole 6 days of the war. the attack is simple. then the troops coming in. stuart: if they cannot breakthrough you can hold them off.

is that your winning strategy? >> are winning strategy is to win, the sanctions we do believe in, were implemented, and only working yesterday. for russia, russian citizens and the price of stocks of russian companies, so we need to let russia collapse and for that we need time and we are winning this time with our lives because this is what needs to happen. russia needs to collapse so we can win this war. otherwise i don't see it. stuart: how are you preparing for young children you have

with you and young -- in bomb shelters which are you preparing them to live in this situation? >> we are trying to make it all a game though it is super heartbreaking. they don't understand what is going on. we are teaching them, they know to show when you are asking them this is my blood type of. to play the game of turtle, if you hear the siren you go down on your belly, open your mouth and close your years and this is the best way to protect yourself from the attack but also a way to pretend you are a turtle. we have had to play turtle too many times recently. stuart: what is going on is appalling. we feel strongly for you and our viewers strongly supportive

of you and your people. i hope everything works out. >> thank you so much. stuart: let's change the subject a little. security fences back up around the capital building. the city is bracing for protests. the trucker protest might not happen. we will tell you about the new roadblocks coming up. election season underway. texas holding the first primary races today. grady trimble will have more from houston next. ♪♪ dad, we got this. we got this.

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that's not good for inflation in the united states. next door, the us trucker convoy fizzled out before it made it to dc. will any truckers make it to dc? ashley: that is a good question was the number of attendees listed for a special event called stage of freedom dropped from 3000 estimated to fewer than 500 according to a new national park service permit approved late last night. it's unclear how many are truckers and how many are people wanting to attend the rally. the listed agenda includes peaceful demonstration, christian music and support for lifting of covert mandates was more drucker convoys are slated to arrive in the nation's capital later this week but how many and when still unknown but

the word fizzle is pretty accurate. stuart: look at this, left-hand side of the screen, the price of oil at $105.65. moment ago it was $106 a share. that's the problem on the market, the dow is down 600 points because oil at that level means a lot more inflation yet to come. energy price inflation. polls are open in texas, the first primary election day for the 2022 midterms. one of the top issues there? >> reporter: inflation is on top of voters minds as they head to the polls as well as crime and texas issues like hardening the power grid after last winter's devastating storms and securing the southern border. >> i came here legally 40 years ago and we welcome immigrants

but you have to do it the right way. not letting people and i can't support. i'm opposed to people creeping across the borders. >> we have to bear the brunt of the lack of focus on this issue. >> reporter: in the governor's race, governor greg abbott and beddoe o'rourke are looking past today's primary and focusing on the november election. they have a fundraising hall to bed against each other. since last july has raised $10.3 million, abbott about double that. other races to follow, 38 congressional seats including two new one, pay addition to district 28 which includes laredo, texas. congressman henrycuellar faces progressive candidate jessic isneros who is back by

alexandria ocasio cortez. this could be a preview for what is to come elsewhere in the nation. stuart: big deal, grady trimble as usual in the middle of it. the republican national committee has released a poll ahead of president biden's state of the union showing 41% approval, disapproval 53%. i am questioning the timing of the release of this poll. how convenient it shows a sharp decline in approval on a day he is about to give this speech. does the paul lacked credibility because of the timing? >> i don't think it is because other polls are being released,

the washington post poll, abc poll have biden's approval lower than ours was we have been kinder to him than other polls being released was the key numbers is 50% of americans feel we are worse off than we were a year ago. they see the president biden has not delivered on the things he campaigned on specifically bringing unity, working in a bipartisan way and we have inflation, the gas issue and other things troubling the country. stuart: you don't expect the president to change course on energy inflation, government spending, build back better, you don't expect a change in course. >> we haven't seen that this year. he doesn't accept responsibility. he doesn't say this policy didn't work the way i expect it to. stuart: can i jump in? how is he going to handle, i know you don't know but how could he handle the speech

tonight just as there is a raging war in europe? how does he accommodate that? >> one of the things he could do is say we will not depend on russian oil anymore. when you talk about oil being $105 a barrel russia is benefiting. stuart: that is why oil has gone to $106. the feeling he could say we are not buying anymore russian oil. that adds to inflation here. he can win on that. >> he can say i will open the keystone pipeline and let others have drilling on federal lands and water by executive order. there is a flip side. i will keep our country energy independent, use the resources we have to take us off russian oil. that something he can do. we've been there before but he's not going to do that. let's talk about the american people who are hurting because of these prices. they want to see a leader who

recognizes the pain and suffering of the american people. stuart: donald trump got 59 pursuant to this% supported community leading the party and the 2024 elections? >> i think the american people are looking at donald trump seeing what he did with nato when he said why are you buying russian oil, we are paying for your defense, you see what germany did, he shut down nordstream 2, maters energy independent, the american people are looking at two policy differences and recognizing that donald trump was on the right track when it came to russia. stuart: we will be watching tonight. the dow is down 600 points was price of oil has gone to $106 a barrel. tensions over ukraine hurting the market, up 2%. in a moment we will talk about the safety of your bank account

as the russians mount cyber attacks on us. we will be back.

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stuart: you are looking and real market turmoil. the price of oil reached $106 a

barrel not long ago, 106. the reason is there is serious consideration to ending our import of russian oil, taking that oil off the market. supply goes down, price goes up, 106. now look at the stock market all over the place this morning. a huge loss for the dow, 665 points down. the nasdaq is down 182 points was one more blockbuster is the 10 year treasury yield which dropped below 1.7%. money is flowing into the treasury securities because they are a safe haven. the money goes in, price goes up, yield goes down. 169, how about that? the possibility of cyber attacks on american companies. banks are preparing. former state department senior advisor morgan writes. everyone wants to know is my

money in the bank safe? can you tell us it is? >> if there's any bank anywhere in the world i would like to put my money in it is the us financial system. they have been taking this seriously. this goes back to 1998 when president clinton directed 63 to protect critical infrastructure. get to the first sector was? the financial services sector. above all else, doesn't mean they are perfect for this is the equivalent of taking on mike tyson in his prime. you will take somebody blows and cyber attacks come with the cost and our banking system is the best secured in the world and they will extract a price not only from russian attackers but other attackers who want to take us on. stuart: that is really good to hear, that cheers me up know end. we don't always get a positive outlook on cyber security and glad you are telling us this.

let me turn this around. what can we do to them? >> our 780th u.s. army offense of cyber, they are doing some things with us cyber command is doing some things was people can go online and type in kremlin.ru which is off-line after four days. if our white the house.gov was off-line that long there would be call for investigations. that exposes the soft underbelly of their infrastructure. they have great adversarial capabilities for the old football axiom, often 20 games with defense loses games, there cyber defense is losing the game in cyberspace because they are easy pickings. stuart: the russians are easy pickings? really? >> they have good adversarial capabilities but the military is not defending their

institutions and the fact the main government website is still off-line after an attack by anonymous, they haven't spent properly on defense. they are investing in military and offense but they are soft in their own critical infrastructure, power, water, banking, finance, communication. stuart: a whole new outlook you've given us. >> like to spread some cheer. stuart: are our guys as good as the rest don't have time. i was going to ask our guys as good as the israelis are going after the opposition? we are? >> we work together to do that. stuart: you can come back anytime you like, appreciate it. live shot st. petersburg, people gathering in central st. petersburg, russia, used to be leningrad, now it is st. petersburg, against russia's invasion of ukraine, live shots from russia happening now.

the tuesday trivia question. when was the earliest known mardi gras carnival celebration entrance? 1102, 1294, 1313, or 1455? the answer after the bid -- after the break. . . we gotta tell people that liberty mutual customizes car insurance so you only pay for what you need, and we gotta do it fast. [limu emu squawks] woo! new personal record, limu! only pay for what you need. ♪ liberty, liberty, liberty, liberty. ♪

i'm searching for info on options trading, and look, it feels like i'm just wasting time. that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. so it's like my streaming service. well except now you're binge learning. see how you can become a smarter investor with a personalized education from td ameritrade. visit tdameritrade.com/learn ♪ stuart: this is one of the craziest questions we ever had. when was the earliest known mardi gras carnival celebration? unless you google it you have no clue. here is the answer. 1294. the earliest recorded date

african val celebration. it was in nice, france, 1294. you have to look at the market real fast. we have a selloff and a half. oil got to 106 bucks. stocks way down. the dow is down nearly 700 and the nasdaq down nearly 200 points. yield on 10-year treasury, at 1.70. what a mess. neil, it is yours. neil: you know what is wild about oil, stuart? ourselves, members of the international energy agency combining to release 60 million barrels of oil and it only goes up. even making up the russian oil, math favors the iea. neil: there is a lot of speculation that president biden might say no more imports of russian oil, taking russian oil off the market. neil: absolutely. stuart: that is why the oil is at 105, 106,