this is february 4th. >> ah. stuart: this is complicated stuff. >> i'm listening. stuart: here it is ash wednesday is 46 days before easter sunday because lent is 40 days long but sundays don't count and easter sunday is always the first sunday after the first full moon after the spring equinox. that is why it is that particular date? you got that? of course you do. >> my head hurts. stuart: of course not. my time is up. neil it is yours. neil: when you go back in time jesus heard how we fuss over the dates and exact time, do you think he would say that i don't think is obsessing too much. that is good stuff. i have no idea and i'm catholic. stuart: thanksgiving the third thursday in november, case closed. every year. neil: keep it really simple. i hear you, stuart. thank you very, very much we are following inflation. it is the buzzword of the day. we certainly heard from the

federal reserve chairman he will address it. he will not do anything wacky like a half-point hike. he all but telegraphed it will be a quarter-point hike in the regularly schedule meeting of the fed in the next couple weeks and that's it. you heard a great deal of talk with the market running up on the notion it will be only quarter-point hike, this is to address inflation and that maybe this will do the strict. well the focus certainly on energy prices and that has been pushing yields back right now as this stubborn energy run-up continues but the real story is here what is happening beyond the energy front. we seem to focus on energy only. we all, we all fill up our tanks, i get that, but the fact of the matter what you fill up your tummy, what you eat and buy. that stuff has gone up very

smartly, certainly throughout this entire crisis and it is picking up considerable steam. it is running at a pace that eclipse what we've been seeing in oil, if you include certainly the likes of wheat, corn, soybeans, then think of all the stuff, all of that stuff goes into from bread and cereals and you can understand why ukraine is called the bread basket of europe but in another sense, so is russia. 60% of all wheat exports come from russia. if those are shut down or affected in any way, those prices could climb still higher. that is why we're giving that another look here because i know we run into oil and natural gas, energy, what has been happening even up until today, it is kind of a split view on metals but that is where money generally finds a home in times of crisis but it has been finding a home in this area, in agricultural commodities. so the food inflation that you

certainly seen in the grocery store is going to continue because there is a delayed effect here. obviously prices go up. goes on to cereal manufacturers, bred makers, all of that, and they pass it along to you. you see it down in grocery stores, livestock feed, corn, soybean, soybean oil, that goes into far-reaching areas. that is a significant development. i thought we would focus on that right top hersh and look at that part of inflation. there is no strategic con reserve or strategic wheat reserve or soybean reserve like oil. even if there were impact would be minimal. phil flynn is following all of this, we forget that don't we? this is not just oil centric run-up it is affecting everything right down to the stuff we eat, correct? >> that is correct. if you look kansas city wheat, grown in kansas city, high as

possibly can go today it is lock limit up. the reason why kansas city wheat is so important, that is what goes into your bread. that is hitting people at the grocery store right now. so when you look at that that just gives you an idea how this will hit you at home when you go to the grocery store. you're right, corn, soybean, soybean oil, all that go into food products, coffee products all of that is impacted by this. you're right, there is not a lot of supplies in the bin. if you look at the global inventory of grains going into this crisis they have really been the tightest they have been in about 10 years. just like the oil market we kind of got complacent on the supply side. we were growing record amounts of food. we thought we would never run out. now we have a situation where supplies are so tight. it is causing massive buying in the commodities across the board. neil: you know you start

wondering about what you can do to alleviate this. when it comes to wheat you'd have to slow down how much you want to punish russia then, right? it is the same conundrum we face with things like natural gas and oil. but here, europe really does depend on percentage basis far, far more on russian wheat than it does russian anything else. so it kind of puts the folks proposing sanctions in a box. you might still push the sanctions but, you've got to be aware they will hurt you too, right? >> you do. i've got to eat, right? neil: yeah. >> what we're hearing right now a lot of countries don't want to do business with russia even though there is not official sanctions on there. we're hearing it from a lot of oil companies. they're pulling back. if you look at russian oil supplies, they are selling actually at a discount because people don't want to touch russian oil because obviously the atrocities that russia is

committing right now in the ukraine, people don't want to do business with them but from the bigger issue i think when you look at the commodity prices and the food prices, i'm afraid, you know, china is going to end up buying a lot of this grain, right? what we're hear is that china, the rest of the world is oh gosh, i don't want to do business with these guys. china on the other hand, hey, this is an opportunity for us to refill our coffers and china unlike the united states does have a strategic food reserve. they're topping it off right now. i'm afraid this will lead to higher prices, a lot of pain for average consumers in the future. neil: all right. thank you, my friend. you're the best when it comes to this pricing stuff. we're keeping an eye on it there. what phil had to say about oil, natural gas, it unfortunately panned out pretty much as he sort of played it out. on this we hope he is wrong, if he is right, i have no reason to

doubt him this continued run-up into stuff what we eat will continue to spiral, it will have a delayed effect for sometime to come. so we're watching it. also watching the white house's response to this. it did address some inflationary concerns in the most round about way in the president's state of the union address. edward lawrence is look like other developments like how the president wants to make sure no russian aircraft can even get within a mile, more like 50 miles of us air space. what is the latest on how that is going down, edward? reporter: ratcheting up, this is again following what the european union, united kingdom did. the president of the united states joe biden has announced no russian aircraft can fly over the united states. that does impact up near alaska obviously. russia took the same step banning u.s. flights over its territory. all of the sanctions that happened so far though have carveouts for oil and natural gas. still the president 90 minutes ago leaving the door for a ban

on russian oil. listen to this. reporter: are you considering banning russian oil imports? president biden: nothing is off the table. reporter: using the latest data and current crude oil prices entities in the u.s. are paying russia more than $43 million a day for oil but as phil flynn said they are cutting back a little bit. instead of cutting off the money, the president so far unsuccessfully trying to lower the oil prices. president biden: i can announce that united states worked with other countries to release 60 million barrels around the world. america will lead that effort. [applause] releasing 30 million barrels of our own strategic petroleum reserve. reporter: the u.s. asking opec to produce more oil. the answer there again, no. the pressure growing to re-energize the u.s. energy sector. fox business obtained a letter

from 11 republican senators to the president calling for a reversal of energy policies. even some democrats are starting to agree. listen. >> pipelines out, basically take them to market. we've got back on all of our offshore drilling now. leases have been held up and stopped. all on land, blm lands, that has to be reversed. we have to change, and become the independent nation that the world will depend on and the free world. reporter: i talked with transportation secretary pete buttigieg he told me there are active discussions going on with allies leading discussions about banning russian oil imports. so far they have not entered into the sanctions. back to you, neil. neil: edward lawrence, thank you my friend. ed at the white house here. i suspect if you're in kyiv or anywhere in ukraine right now you're not fretting about the price of oil or whether the stuff that is on grocery shelves if you can find them a lot more expensive or will get a lot more expensive, you're worried about

your life, just getting through this nightmare alive. let's go to trey yingst in kyiv with the latest. reporter: neil, overnight violence erupted once again across ukraine. the russians are targeting ukrainian cities from the south, the north, the northeast. they claim they captured the southern city of kerson. if this is true this will give them a significant territorial land bridge to bring in more soldiers from crimea, an area of land they annexed in 2014 but in ukraine's second largest city of kharkiv, devastating images. take a look at the video here showing the police headquarters on fire today. after a russian missile slammed into the building. we're getting more images of widespread destruction across the city as russia ramps up attacks. russian paratroopers reportedly landed in kharkiv overnight to support the ground offensive in this area. other images show heavy damage to residential areas of kharkiv despite russians are claiming

they are not targeting civilians the images speak for themselves. striking residential homes as russians look to demoralize the ukrainian people, they pledge to fight. they're building shelters, digging their heels in. in kyiv the defense minute city claim they shot down two russian jets. we were in the city seeing all checkpoints set up. you can see civilians in line at stties opeesnpen at ator whathat coul b eyhead a.head.neil , trtheyankeyany, v verery,y ver aye safee my md.ri let's go too senat sorenat johnn enatentel intel e.coit steene,ateiciaryiaryryteo nflury influalal playela la kindugh ugoiug naoodr,r,ee y good goo sooee you, neil. wit:it:itit the t economic pressures and allllio senar, it is ver v car vlrr p beieiei cowedow here or changing his plans. he is open to peace talks with

ukraine but again this as his troops continue their assault on ukraine. what do you think of that and the mixed message that is sending? >> well, i think we ought to put all the pressure we can on putin and raise the cost of this invasion again of ukraine after he invaded crimea in 2014. i'm not sure he is going to be deterred by this until he hears from his people in russia that the price they are paying is unacceptable to them and they put pressure on him to pull back. this is in pursuit after idealogical goal, the rebuilding of the russian empire. the failure of which when the soviet union fell he said was the single biggest geopolitical tragedy of our time. so this is, this is something putin has contemplated a long time, prepared for a long time, but thank goodness for the resilience and courage of the

ukrainian people. we need to continue to supply them with weapons to defend themselves and their sovereignty as well as humanitarian relief to help people from shortages of food and other necessities. neil: you know from the top russian minister, this talk that was, actually caught on video, we have pictures and evidence of it, where he is saying you know, about plans, maybe beyond ukraine, for example, it is pretty clear that they're not exactly hiding their ambitions? >> absolutely. you know putin obviously is trying to threaten and hopes that he will get ukraine to come to the peace talks and sacrifice part of their, part of their land, part of their nation to him as a part of a deal but we need to be very much vigilant because of course nato nations like poland border ukraine and

it could be easy for the russian troops to keep on coming through ukraine and into one of our nato allies. that is the reason why the administration sent 100,000 american troops help discourage or prevent that from happening. putin who sounds a little unhinged these days, threatened to put his nuclear arsenal on reserve, active reserve. and so this is something i think most of us thought would never happen again but this is eerily similar to what we saw in world war ii with nazi germany. now we know that putin has nuclear weapons which hitler did not have. so this is a very dangerous and very serious time. neil: all right, senator john cornyn, you're right about that. by the way to the senator's point we heard similar nuclear talk out of russian foreign

minister sergey lavrov. they call him mr. no, what possible options are out there they won't consider it, presumably representing the view of his boss vladmir putin. he said a little while ago a third world war will be nuclear and destructive. so more often than not top russian officials who keep referring to the nuclear thing, the "nuclear option as if it's a real option, that's what worries folks, all the more if it appears vladmir putin is increasingly isolated from the rest of the world, to say nothing of many in his own country. stay with us. ♪.

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>> fred dom has many difficulties, and democracy is not perfect. but we have never had to put a wall up to keep our people in. to prevent them from leave us. [cheering] neil: the famous berlinner speech of john f. kennedy.

i thought we would get the old chestnut for a lot of people on our staff that don't remember, i was only a tiny speck of a child at that time but speaks of heightened tensions between communism and western societies, this was a reminder that for all of our faults and troubles as john f. kennedy said at least we don't have to build a wall to prevent people from leaving. it is coming back today, because you're noticing it in people are going to dollar-denominated assets, people rallying around alternatives to russia, or those echoing alternatives to values clearly anything but russia. this is something we've seen play out in the markets but you're also seeing it play out among western world leaders who are doing anything and everything, not only to punish russia for it is doing in ukraine but to remind folks, as if they needed it, that we're a bastion for the hopes of the world and even those who want to invest in this world. the point i want to pick up with

mitch roschelle right now, macro trend advisors llc, founding partner, good read of history. he wasn't even born of course when john kennedy made those remarks but, but, he is here to offer a message from then that resonates again now, doesn't it? >> and for the record, for the audience, i was born, but thank you for the compliment, neil. neil: sure. >> i am a student of history, thank you for that. if you look at history, you will note there are only two-ways wealth has been accumulated on the planet going back to biblical times. one is precious metals, because that is what they had in biblical times. the other way to accumulate wealth as property or land. if you look what happens in times of uncertainty two things happen, and this is historical, one within the trading asset basket or that precious metals basket, people rotate to the safest bets in that wasket. we're seeing it right now. we're seeing gold, we're seeing treasurys, we're seeing u.s.

dollar-denominated assets as the world currency. people are shifting from wealth more volatile in the trading basket into real estate. that is the trend we're seeing the last two years, with people buying homes, people buying investment property. it plays out as level of uncertainty rises we see more of that rotation behavior. that is what is going on. the thing interesting some assets in the trading basket like commodities. we're seeing a spike in them as well. so, people are looking at hard assets as opposed to some traditional financial assets like stocks. neil: you know i'm wondering too, mitch, whether something bigger than just stocks or commodities going on here and what's happening? for example, in this environment, you're seeing china between a rock and a hard place, trying to talk to ukraine, trying to calm the russians down, not joining push for sanctions, that is not a shock. i cannot see them in this environment right now,

willy-nilly going after taiwan at least not in this environment. i dare say there has been sort of a reassessment of the world order here that whatever vladmir putin thinks he is doing the world is essentially abandoned him saying no, no, this won't fly. they're proving it with their money and proving it with the sacrifice they are making going after putin's money. there is something epic about that, what do you make of it? >> i think you're right, neil. the thing i don't think putin calculated and xi probably didn't calculate was the world who may disagree on a lot of different things rallying together against a common enemy. if you go back to world war i, world war ii, there were way more divisions between who was on which side. right now seems like the entire world against putin and china's economy requires having trading relationships with the rest of the world. they could not handle, forget

about sanctions, they could not handle a boycott of chinese boycotts. maybe we couldn't live without buying cheap stuff on amazon, the fact of the matter the chinese economy i don't think could handle something like what is going on with russia right now. i don't think russia can handle it either. neil: you're right about that. you bring up a very good point, china is looking at this but there for the grace of god go i. if we had to endure what they're trying to do to russia right now our whole economy would collapse. there is definitely reassessment going on here, my friend. i appreciate it. maintain your youth, mitch. always good seeing you. mitch roschelle. we're both lying to you folks. that is the bottom line. we're both lying to you. mitch, thank you very, very much. we're talking about putting the screws to russia. sometimes i'm intrigued by some of the anecdotal developments when oligarchs are hurt. oligarchs, that is a fancy term

for rich, rich russian. right now we're getting word of one of those oligarchs is trying to sell the english soccer club chelsea. this is according to "the wall street journal." you're hearing other oligarchs just stuck now trying to come up with cash because almost every other option for them is now closed down. this is a guy who owns a soccer team. figures he is a stake owner, more than 50% stakeholder if i sell it can you give me money and i go away? it might not be so easy, it is a reminder sticking it to moscow, the very richest that dominate the economy, they're feeling the heat. no doubt they're letting vladmir putin know just how much heat after this. ♪. with my hectic life you'd think retirement would be the last thing on my mind. hey mom, can i go play video games? sure, after homework.

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neil: you're looking at a live

shot of moscow right now. this after getting word that u.n. general assembly demand that russia stop the war in ukraine. saying that essentially it would throw all of its troops, nations from world powers to tiny island states are saying the same thing. moscow must pull out. the 193 member assembly convened this emergency session for the first time since 1997. you might recall a russian veto sank a similar effort in the more powerful u.n. security council but the assembly allows no vetoes. you're allowed to go ahead and just express your view. the russians, i assume just didn't vote for this, so you can't veto it but overwhelmingly the nations of the world, nearly 200 of them, said this was a bad idea. i would imagine china didn't vote as well rather than vote against that. i don't know about that for sure

but again the russians don't seem too cowed by sanctions that cost them trillions of dollars on paper. i seriously doubt they will be swayed by a international body they routinely ignored. to mark meredith now at the pentagon on that war that still rages on and the troops to back it up. he joins us now with more. hey, mark. reporter: neil, good afternoon to you. moments ago we heard from defense officials who said in the last 24 hours there has not been any major changes on the ground in terms of how many russian soldiers have comb into ukraine. the number up 2% from yesterday but the russians are becoming more aggressive in their miss till and artillery strikes as they target different ukrainian cities. we're also hearing from american officials who worry they will step up with the type of weaponry that will be used. overnight russia's foreign minister said if world war iii were to break out, that nuclear weapons would be destructive, that they would be involved. this is after what putin said over the weekend which he was

ordering special mode of combat duty for russian deterrent forces. new comments there. russia's arsenal goes beyond human weapons. human rights groups are among those of russia using cluster bombs and missiles on civilian targets. u.s. officials closely watching all sorts of weaponry being exchanged. we heard from the u.s. ambassador to the u.n. who outlined what intelligence shows. >> now it appears russia is preparing to increase the brutality of its campaign against ukraine. we've seen videos of russian forces moving exceptionally lethal weaponry into ukraine which has no place on the battlefield. reporter: last night in his state of the union address president biden called ukraine's attack premeditated and unprovoked and said the u.s. is proud to stand with ukraine. u.s. officials say there are no plans to grant ukraine's request to set up a no-fly zone. that would allow basically u.s. air force jets, nato jets to be right alongside with the

russians go head to head. which would be a much bigger problem. we're hearing from a defense official within the last few minutes about that convoy that was moving from the north to the south towards kyiv. not a major change in terms of its speed or picking up speed in the last 24 hours, neil. there is a lot of speculation, maybe there wasn't enough fuel, maybe they didn't have enough food to feed the soldiers, russian soldiers making their way in that convoy. again no major changes there. we're trying to find out whether or not it is possible they could pick up in the days ahead, whether or not it was really supply chain issues or another combat manuever. we're waiting to see. there will be a on camera briefing from the pentagon press secretary two hours from now. neil. neil: got it. as thorough as always mark meredith from the pentagon. i want to go to ro khanna democratic congressman. not only because he sits on a crucial committee researching this, house oversight committee,

arms committee, a book, in the digital age acts as sort of a preference we have seen. sorry i didn't get a chance to talk to you when it first came out, what intrigued me about the book you argued technology needs to be less focused on geographical regions. i hope i'm get together gist of your point there. i started thinking about social media players trying to divest themselves anything having to do with the russian market or anything to do with social media there and that sort of illustrated your point, right? >> neil, i absolutely. part of my point was that our technology jobs don't need to be in russia, eastern europe, china, india and they should be in across america, rural america, the heartland and the south. 25 million digital jobs. a lot of these should be in the united states and our

manufacturing supply should be in the united states. the fact that our country is dependent on semiconductors from taiwan with the rise of china and the risk of taiwan security is unconscionable. we need that in the united states across our country t will make america stronger, more prosperous and us more desire of -- secure. neil: you didn't make the leap, i did, the risk of concentrating, even exposure to parts of the world that ultimately get to be dangerous parts of the world or whose leaders get to be dangerous like russia. so you're seeing the likes of directv and yahoo! and a host of others who are separating, you know, cutting off their russian audiences. what got me thinking about you, congressman, should we be careful what we wish for? that is also an avenue by which you know, average russians can understand what the heck is going on right now?

>> well, absolutely. one of the benefits of social media has been seeing the ukrainian resistance. i think president zelenskyy and the ukrainians have done a masterful job of getting their story out there, heroic stories out so that the world really sees how they are standing up to putin and the world sees the atrocities of putin. neil: the world can't see it, the world can't see it. i'm not blaming you. you address bigger issues than just this, but that is sort of a slippery slope, right? in regulating this or forcing in this case good sense, i understand the motivations behind it when you're netflix and you want to avoid having anything that benefits russia taken off your service and a host of others are doing the same, facebook of course, can you go too far where you're actually cutting off your nose,

your eyes, your mouth, everything else to spite the russians? what do you think? >> i think you have a point. we want to have crippling sanctions on putin and the oligarchs but we're not against the russian people. we need the russian people to figure out the truth and the truth is that they have a brutal dictator who is committing their country to something that will cause them irreparable harm, a country russia with a gdp less than texas and he entangling them -- [inaudible]. so to the point we shouldn't just be totally cutting off the russian people from access to the internet i think you have a fair point there. the sanctions, you just for pr we shouldn't them off from information. neil: got it. you were ahead of the curve on this one. dignity in a digital age, making tech work for all of us, he gets to issues a lot of people miss. i highly recommend this. chance to read it when i was

home. very, very good, thoughtful, again of this high-tech what is going on in ukraine curve. we saw a lot of things that a lot of people did not. we have a lot more coming up, including, you're not imagining the run-up in the dow, especially weird when you think you know the fed chair has made it clear, i'm going to raise interest rates. maybe what they like is the fact that he will not go nuts about it. he will be very cautious about it. so right now they're seizing on that, with oil prices running up, wheat, barley, all of this other stuff soaring, today they're going in the same direction. markets okay with that. yield on 10-year note, well over 1.8%. oil, in and out of 109 bucks a barrel. stay with us. ♪.

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neil: all right. commodity prices going ahead right now, wheat up again, not today. we certainly seeing it in crude

oil but all of these figure into the costs that restaurants have to bear. enter jon taffer, restaurant rivals, "bar rescue" host, i'm here to tell you a little secret about joan taffer. he appears a tough guy on tv but the man is a mush. he has a heart five times size of his head. i tell you it is all fake. it is not fake. you can be tough and have a good heart. great to see you my friend. part of that heart is help your industry out, with all the restaurants dealing with covid thing and high price, getting out of control thing, what do you think right now? normally smart folks like you remind me when we see commodity prices rising it is just a matter of time before you see it at the grocery store but just as quickly at restaurants, so what do they do? >> it is across the board, neil.

supplies for dishwashing equipment, supplies, condiments all is up significantly. this is a interesting side of the story revenues are up. it is terrible to see our revenue is up. customers are coming back, neil. that pent-up demand we thought would happen when covid lightened up did happen but costs are killing us. trying to turn a profit now is close to impossible. also the labor shortage is still plaguing us. it is frustrating customer in the room, they showed you, physically there, their wallet is in their pocket but we're still facing all these obstacles to obtain profitability. neil: how do they get around it? you might be surprised but i go to restaurants, i know me by first name, four meals, cavuto, usually what one person would have, but they tell me they have had to pivot here. for example, where they might have served you know, four

slices of chicken or pieces of chicken with a meal, it might be three. similarly you're thinking after pork chop dinner, might be less expensive brand of a pork chop but they know they risk ticking off customers doing that. how do you balance it? >> they do. it's a real challenge. i know you're a steak guy, neil. if i take two ounces off your steak on the same plate -- neil: i am indeed. >> if i take two ounces off the steak, leave it, you will see that. maybe i shave it from the top, maybe not as thick, right? i want to create it pleasantly visual way i possibly can but it's a challenge, neil. less and charging more will never be received well. neil: foodies know that, right? foodies say wait a minute, not the way i remember it. it should be understanding. i think most customers really are, but when you start doing that, as a restaurant you're risking a lot, right?

>> you are but the other thing i can do, neil, is manipulate you to order something different. if i can get you to order a pasta other than a steak, i got a shot at making more money f i can get you -- neil: don't tell me it is the salad, jon. don't tell me it is the salad. we're not going there. >> that is the trick, to try to change the menu design so people order items that you can make profits on. neil: so let's talk a little bit about ukraine because there is a connection here. obviously the, more, scary things look over there obviously the more these prices continue jumping. >> yeah. neil: so let say things hopefully, and we can, god willing, calm down there, the inflation that was sparked and sort of renewed with those attacks, that doesn't go away anytime soon. so play out the rest of this year for restaurants, no soon joining mask requirements are going away and proof of

vaccination is going away. so they're probably relieved about that but play this part out. >> well, we see the revenues returning. clearly customers are going to be coming back but the additional costs and regulations putting upon us other than inflation, all just layer on top to create a profit-starved situation. now what that means to the industry is far-reaching, neil. it means we don't have the money to buy new equipment, new technologies, infuse that into the business. we don't have the dollars for that now. we don't have the dollars for growth at the rate we used to. we don't have the dollars to employ as many as we used to. the restaurant industry employed 14 million people, neil. we were the highest higher of minority managers. so our function in society is greatly hampered when our resources are cut back. all of those things from the high schoolkid looking for a job, the retiree looking for

part-time work, to the equipment, all of these things are greatly impacted as a result of this. this is not a small matter. it is a far-reaching matter. it touches a lot of industries as a result of the restaurants reaction. neil: you know, jon, you're a god man. i won't say anything to people but you really are good man, you prove it each and every day, quietly, no big bravado, quietly helping out guys start just like you. jon, thank you very much. good to see you. >> thank you, buddy. glad you're feeling better. neil: thank you very much, i appreciate that. we have a lot more coming up we're getting word netflix which already dumped a lot of programing aimed at the russians have now paused all projects, acquisitions from russia. i believe this is a little bit different where netflix earlier tried, refused to carry russian state-run channels. this goes beyond even that with projects already planned.

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♪. neil: all right. the exodus of companies right now as we sort of rifle through them here from apple, certainly what we've seen already with gm and ford, walt disney, sony, so many others that are cutting off ties with russia, and even cutting lucrative deals certainly in the case of shell and british petroleum, multibillion-dollar deals, partnerships on energy that have now been cut, maybe never restored. you know, that's the kind of stuff that alienates certainly a nation like russia but it can also boomerang on those companies and those markets and maybe the world markets. we're not seeing that happen certainly in our today. scott martin on why that might be the case. good to see you, scott. what's going on? >> neil, a lot of this is a pr push from some of these companies, you mentioned bp, a few others started the flow if you will and a some other companies jumped on. that is the right thing to do.

joe biden laid that out how putin has been corrupt for years. he has been doing things in russia that have not been in the best interests of the people but only the oligarchs he is akin to but the thing i worry about, man, i feel for the russian people. when you see all the companies pull out, the country gets poor. the obviously the russian ruble has crashed, the stock market has crashed and businesses are closing and those people are stuck there and there is not a lot of hope in their lives. it pulls my heart with all the companies suddenly cutting russia off we'll screw putin and not leave any money there is humanitarian issue we can help with, not just everybody gets caught here, but only the people ruining the country themselves are doing it. neil: the irony of some of these social media concerns is pulling the plug, that was the means by which russians if they were lucky to have them, could find out what the heck is going on in ukraine. now that is compromised

somewhat, to your point they're feeling the pinch at banks, everywhere else, looking at the markets. let's say this is peacefully settled, one can only hope, i wonder how much it changed dynamics for the global markets? a lot of money is finding a haven here. i'm just wondering when i say here in the united states i'm just wonder how long that continues? >> it is going to take a little while and there will be a workout of volatility and a workout of price as there always is when a market crisis or market freakout to use a technical term. i'm not a negatives but positive guy. there are good things going on. we're looking around the post-covid era to see where the bad actors are. it starts with putin. goes over to north korea after this potentially. maybe into china finally. we try to figure out who is left on this planet, let's say, now we're hopefully out from under this veil of covid, we can start to see where we have to improve

things a bit? putin is maybe the start. maybe thank him for starting ball rolling hopefully get him out of the way and in the background and move on to other folks in the world, to be kind of brash here, don't belong here. hopefully we use economic sanctions. the markets take care of a lot of problems because they're open markets, they're traded. money does go where it is best treated as we always talk about on fox. therefore there is a good chance we can work out a lot of the problems left in the world that have been ignored because of covid. neil: that is a very, very good point. thank you very much. scott martin on all of that. dow up 605 points. technology stocks kind of going along for the ride. i will

neil: all right, taking a look at this 40-mile long corruption tank: boy, not too far from kyiv, the capitol, this is really the one thing they are looking at the most, where and how is this coming now, progress, you've heard so many disputed reports that russian soldiers on the convoy to keen on the especially when it got word of this. some of them got word quite late in game here they do not want to have anything to do with it and deliberately sabotaging where they can in no way to prove any

of this until we see the convoy today besides just the image guys here but the course of that and how it works and when it finally arrives in kyiv and how that goes down in the battle that would likely ensue when it does anyone's guess but on that convoy, perhaps the most famous convoy we have seen in decades in the application for the world cannot be overstated here. and meanwhile, taking a look at reactions on the border, over-the-top reports resolve but it's there but ukrainians who want to go back into quite a help and back as well as a good many himself to save nothing at of the refugee situation that is been an overwhelming any talk about with their duly on the border for the ages and connell now with more on that in a

connell. reporter: the refugee, it's overwhelming, and put it mildly and of all of the point, we talked to many people from the kyiv area who come in here as refugees and women and young children who have left their husbands and their fathers behind in that city as i convoy approaches and where we are today is actually in a makeshift refugee camp the local government has put together with a group of volunteers and these buses behind me, every few minutes of buses coming in from the border where people will be coming off and then they'll be given supplies and then they normally get another bus and maybe go to another part of europe or another part of this country and could be going as far as germany and the czech republic in the way the senate up, this christian i walk over this way, is a big sign, see the top there, transport and then where you going i'm talking to one of the volunteers earlier,

this young guy from germany and explained the process and take a listen. >> transport coming from ukraine and they want to go to poland or europe and also for some people who are going to ukraine back to ukraine. reporter: people not only staying here are the places in europe of people who do want to go back to ukraine i would've they say. >> yes, mostly they're coming at with family or to fight and it's tough to get an answer of how many people are doing that. connell: and ukrainian border patrol said that last night, 80000 people have come back from their country and reentered ukraine and these folks are getting instructions about what they're going to do next after getting out and this is a picture of us were now neil if you are looking at right now, women with their young children who have been able to get out of their own country but in many cases, almost all that we spoke to some of them, they left family members, husbands and dad

does behind in kyiv and so many other cities across ukraine at the numbers are growing every day for little over 800,000 the way simply to his many as 4 million a lot of talk in brussels european union about the economic equipment and consequences of a billion dollar for euro, aid packages are being discussed now but on the humanitarian side, with the grass roots level you volunteers here that the doing their work to get these people some shelter and some food. and get them going and lights in the right direction the short term, neil. neil: thank you my friend, connell mcshane following all of that, the covering the ukrainian, writer basing kyiv and right after the russian invasion it, across the border into poland and kind of an kind enough to join us right now, how are you holding up. guest: i can't hear you, and.

[inaudible]. but also that i continue from kyiv, help and providing help so now considering that everybody fights. and finally them in a safe place. in trying to get help to the people in ukraine and refugees who come here or the places and so that we can connect and is how we all . neil: how is your family still doing in ukraine. guest: i do have some other

family back there and so far, like my older mother and my young child, are in kyiv and so we decided to go. i was unable to prevent them to help anybody else. and from here, my child is safe and i can be useful. neil: absolutely, you and your husband and with his battle goes on and billions of ukrainian people, are suffering in the history books here, but again, 40-mile convoy making its way from the russian soldiers in the tanks in the making his way now for a number of days, we just don't have any updates on it here and is going extremely slow and some people say deliberately slow and not enough energy to go around the russians didn't contemplate that the summer so

we do not know so i just pass along what we do know and so moving it although slowly towards kyiv the meantime, the republic in the house foreign affairs, committee and congressman, right now we are hearing the european union it has expanded it is sanctioned and target list, the underbrush of belarus, for essentially the betting of this process with russia and helping a lot of what you think of that, do you think the united states should consider the same. guest: will neil first thing, thank you for having me on the show and i think the important thing with this is here is the e.u. leading again and biden is following. an absolutely we should sanctioned belarus, they have facilitated the invasion it and actually, there's intelligence this in the forces were inv operations rated so i'm glad of

the e.u. is doing this i just wish america would lead i wish our president would lead. neil: you know we did have this un vote, general assembly voting at. and what is interesting about that congressman, even though it was an overwhelming vote among its members, you can't beat of the general assembly but biden did not go along including russia and china and what you think of that. guest: i think that we would expect those folks not to support this one of the important things to realize here is people talk about let's not push russia into the arms of china and i think there already there. i think the toothpaste is out of the tube of that one and we keep talking about it but look at, the president give intelligence to xi jinping, months ago and xi jinping turned around and give to russian so i think there

already cooperating already tied together stop worrying about that just do what we have to do to try to stop vladimir putin. neil: in the meantime the president and the state of union address and there was opening up reserve another $30 million and other members of the international energy in the ia are now providing another $30 billion and you think that's enough to do the trick because they were send the oil prices down at that is doing the opposite over the last few days. guest: i don't understand the presidents logic on this, we are now back in 2017, we brought in thousand barrels a russian oil a day and now it is over 500,000 barrels of russian oil a day and the president has a stop at an sanctions on the banks to give the exception so they can continue to sell oil. that is $55 million american money, i'm american hard currency going to find it very

invasion it we want to stop sense of the president, look at keystone pipeline, it was an 800,000 barrels of oil a day and we are taking 500,000 from russia. the strategic oil reserve is not enough, we need to ramp up our energy economy turn everything back on the europeans but this president . neil: but the argument, so if i get your point, whether goes up or not oil coming online in this country but he is not persuaded by that argument and he keeps saying, and obviously, indicating last night that he is not changing anything money comes to looking at domestic energy alternatives here to stick with his plan, cleaner better energy. guest: kathy is asking the saudia arabia's and as i understand there on earth as well, to produce more oil in a makeup for the supply shortage of from the united states.

i don't understand see what not going to do much of that, they've indicated along with the pat, stick to the earlier planet and boosted production a little bit but only about a drop literally the bucket and so they are not necessarily meeting our needs. guest: another absolutely on the strategic reserve is one of the just drop in the bucket, we've got to do is stop sending american money to russia printed their killing ukrainians were sitting legal weapon systems to ukrainians to fight the russians yet we are sitting at $55 million of american money to russia every day and you ask a five -year-old get if you should give your enemy is attacking somebody that your actually engaged in the conflict with, $55 million a day in a way to say no, that is stupid. neil: very good to see you and thank you with all this breaking news including is no information of opec right now, hope that

opec contrite and the plus countries but russia for example, were going to open the spigot more than early not change plans already has been an understanding that they were going to increase production, maybe not immediately but that was all before the violence in ukraine broke out to and they have just not changing anything. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates

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neil: we are getting word associated press and you look alike shot moscow, they ukraine and russia have agreed to resume talks on thursday the broke down earlier this week and they were not going anywhere but the topic for the russian president vladimir putin, ukrainians on the way to belarus and for talks and that has been scheduled for thursday. i assume they been on the belarus border because ukrainians did not want to go inside the belarus. as far as i know putting it the ukrainian delegation is already departed from kyiv and on route and were expecting them tomorrow, referring to the head of the russian delegation the reports in the talks on, we will both be there and will see what happens there and whether that

changes anything to do with companies right now that have been looking at russia and looking at operations indirectly having to do with russia, and change those plans and quit scrapping them but that does not campaigning yet let's go to madison who has been following side of the story hey madison. reporter: i mean, the list of companies that are pulling out of russia have just been growing by the hour as the invasion intensifies news companies are cutting ties and further isolating at the kremlin but these actions let's take a look at and this company to have really decided to step away from russia like a said further that isolation it so ford is one of the latest companies to do this and on-demand on any picture produces commercial bands russia carson country saying they are suspending operations in russia effective immediately until further notice they've also announced their operations in

russia and the harley-davidson and gm and honda and volvo announcing her immediately stopping shipments other eco- calls to the country and with entertainment, apple's top-selling all products in russia and netflix will no longer carry the 20 russian air propaganda channels that there required to post under russian law. another entertainment company such as paramount pictures, disney, warner media and sony pictures, all descending film releases the country. energy companies also stepping up to the point, two to russia. exxon is the latest to announce that it will be ending it but they will try it will be shutting down its production of a multi- billion-dollar oil and gas project in russia far east. exxon had roughly 30 percent in the project alongside a russian oil producer, and bp the first oil company to move with announcement on sunday, that's when you exit is 20 percent stake in russian shall is also innings partnership state

control and i know you been talking about this throughout your show, the sanctions on the town only if the economy in russia potentially our economy as well but they really do have the tremendous social impact and hopefully sends a message that cuts through russian propaganda to show the russians of the world does not agree with vladimir putin is on the side of ukraine and you know you've also talked to neil about how this there are concerns this when it impact what russian citizens have access to when you look at that meta- and tiktok in the announced changes the changes that they have made it is that they are taking down formally russian platforms from meta- facebook and tiktok braided so the changes there should still allow russians to access the media, just not access the russian propaganda that has been using to push out these false narratives. neil: fence to get the point and how it affects the propaganda, they can't get the word out, and madison thank you very much, and

we are trying to get more details on the peace talks presumably are going to be resume on the border with belarus, 30000 russian soldiers there in the e.u. belarus is sort of the accomplish with russia and in ukraine and even though has no military personnel there itself, sanctioning the european union what is going on right now because of that with belarus and we apparently have indicated that we are open to doing the same in all that they side, on the border, peace talks in a second shot at them suffer tomorrow and will keep you posted.

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$500 a year by combating limitations provided investment tax credit to other your home, your business to be energy efficient, get a tax credit for it. neil: those are quite the news that president wanted to hear, and it joining me right now is karen, and clean energy and all of that and offer americans over there right now this in the road, they run it into some serious bumps the hope was that the president might give it to my indicate that he is open for more domestic oil productions but he didn't, what you think. guest: is nice have you back you for having me on we were really hoping the president would actually set a realistic tone for what we need right now this country we need to start treating energy is the life essential commodity that it is pretty wash natural gas air looks what is happening in europe because of this tension

with ukraine and in russia the pay $40 for natural gas is a do not have the supplies that we do more paying $4.50 as a why do we start giving the american people access to that affordable supply of energy, greatness with verizon invest in energy efficiency, we are pilots also make sure we got that life essential energy that we needed every day. neil: i'm surprised are anyone generally talking about energy prices the keystone pipeline, here's the way we completed it and the oil and you know, for some time and forgetting that oil is traded on the market much like stocks are. and it is built on sentiment and support in this case oil and a day one of your administration, you're saying that part of it, don't really see keen on my shutting down that avenue this country and it reverberates and immediately it's the prices are november the first week in the

administration, therefore moving up that alone. it is not see to be in appreciation of watching collectively by the market forces and amish they can turn on oil prices right now fear of supply being cut before scott is driving up prices now the possibility of opening up more supply with seem to reverse that is not just by tapping the strategic reserve and what you think. guest: will policies have consequences and they send signals to the industry and whether to invest or not and so when you're canceling the project and you can't get your commodity the market, look to other places and so were exporting oil are the world and we should continue to do that pretty we can develop more oil and natural gas we should. right now we are saying the industry will respond, opening up to put more supply the market and thank goodness that we can export natural gas we are the alternative right now in europe

to russian natural gas is in germany yesterday they were building to new import terminals we can meet the demand of the means we actually have to be able to produce here at home, we got a bill the pipelines to get it out. neil: karen, were having some technical problems, but your points are well raise and you stated them eloquently and clearly, disappointed that the president didn't want in the field even traditional oil and all of these other technologies that the president, why don't you go all in on hours as well. and everything and anything that's available so that we never have to depend on the bad guys in this world i want to go to another keeping track that's in kyiv where police department was hit by russian billows under missiles and what can you tell us mike. reporter: about that when the police department was hit's the

russians have been increasing the artillery strike in the town in kharkiv and following beating up kharkiv and now the russian paratroopers are taking a position you're not here to the west, but a shipment of ak-47 startup this western town and each time that happens now you get a line of volunteers who fill the buildings and they stretch around the building particularly retired military and so many people are eager to pick up a weapon and join the fight predict these locations we often times have the tearful goodbye as the only separate the device committed to the border the men looked to join the fight. neil: . [inaudible]. [inaudible]. >> nobody wants to go to the stretch. neil: at the start of the

invasion domains predicted that you see between one and 5 million refugees, getting close to that 1 million over and now they are estimating some 81,304,000 refugees that across the western border and most going into poland but also schlocky on into hungary up in romania and into belarus and you got about 40000 across the other direction it into russia did not contain right now neil, from time to time these air raid sirens here in kharkiv and they just started now and often times you will be of the air raid sirens and there on the direction and you don't get anything permanent and drops and often times not clear what triggered the sirens but world war ii, that's what we've got lowering of the city right now. neil: just be careful out there mike, thank you very much my friend getting news, the public grocery store chain, stop selling the russians about god,

there's a trend of player pretty much across the country, across the world right now with a lot of businesses in the grocery store store fortune 500 companies, the other ties with russia anyway they can in any way date they can hurt russia, by not buying vodka and in the meantime, the cofounder, and money for ukraine, it's pretty good have you leo. how are you doing. guest: thank you neil, you know i graduated college, the company for ukraine. [inaudible]. neil: so where were you born. guest: i was born in 1970 we fled our parents brought us out of russia because of the government in 1979 was really

not a word of english. summa that's amazing and i love stories like that but obviously you feel for ukrainians but you also feel for the russian people themselves and i imagine it if y are aware of what is going on, ukraine and obviously something's going on in the long bank lines and access to money and all of the things happening to the russian economy but how do you think they feel about this invasion it, i mean, really how they feel. guest: we have ukrainian - other parts of ukraine and his family is from there as well. so i want to believe that true russian, if you like the brothers are going - the brothers and sisters and their protesting in the streets from what i understand pretty in our

hearts bleed for ukraine and ukrainian people and with the ukrainians and russians that oppose the government in this form. neil: how has this been going. guest: really overwhelming support not only in our stores were doing the promotion of who were giving it $3 contributing $3 to red cross ukraine from every - means freedom that we sell for each bag you can get it online or you can just go on our website and donate to red cross ukraine. were also donating it 5 percent of every every sale for this and we just extended this for another week. neil: that's amazing good work and thank you very much leo, the

cofounder, russian born business owner, raising money for ukraine. because he feels for them. it's a shame what his mother countries doing to them. >> in the meantime 700 points but here is what is making this kind of interesting, very interesting, happening in the face of rocketing oil prices again and rocketing it agriculture commodity prices printed that is been going on and that's a backdrop but this e the stocks are going in the exact same direction and why is that i will tell you coming up. it has our back. and goes out of its way to help. ♪♪

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neil: in a good way, he because you have some prices running up and in fact really running up evening's oil prices running up in effect really running up camino see them very often here

and it this of course is the same day that we heard from the federal preserve, powell, on the cell it out, interest rates coming later this month printed so the resiliency of our marketed, bunch one way or the k versus that we could go when potentially all of this started it and i know, i just had to get on this first and charlie, it is weird right like what you make of this. guest: it is weird but you know i remember ready for the financial crisis of 2008, it was pretty strong rallies that occurred people were like well the worst is behind us, and the federal lower interest raising. all, credit crunch that actually manifested into a financial crisis because they had so much underwater debt pretty and so be careful with these headlines, algorithms are not the smartest thing in the world and were

trading today part of the 25 basis point increase as opposed to some people thought it might be at a 50 basis point tightening in the feds fund ratd that said, we do have inflation and is starting to become embedded into the economy and powell has been wrong before so just be real careful this is a treacherous market. neil: stepping back from that, i'm curious, where we can do this invasion it in our markets collectively these, quite rightly been crazy know kind of where we were and what you mean. guest: there is a theory and averted from five or six pretty prominent investors who say that people are starting to look at geopolitical message boards and you name it that they are short-lived if you go back in history, the markets tumbled the volatility short-lived pretty late if putin gets us into war

and president biden said that we want to but that is usually not win at the fed's rising interest rates and we have inflation is so that is not a thing that i think that some people aren't taking into account but again this is a market sentiment and herd mentality harnessing right now, 50 basis points are off the table in these wars and geopolitical also they don't last forever and the earnings are still pretty good, and we buy into this mess what you've got going here. i just talked to some of the smartest people around neil,. [laughter] neil: the be get to a huge story in the sense that what is going to happen in telecommunications and regulation of telecommunications, once again up to get that commission opposed both supposed to be tomorrow and she is opposed by the republicans far too liberal and far to progress and that she

said bad things about "fox news", and she is gone out there and put more regulation and much more net neutrality that will essentially turn cable providers into utilities she's very progressive it she smart and capable those progressive views have angered the republicans as sources are telling us that even though there is about schedule that the republicans might boycott the vote as they did during the federal reserve and you remember last night, biden basically said that we want the federal preserve people can promote the republicans on their opening on it so the republicans don't show up to vote, you can't get a quorum so even if it is 14 - working on the committee, the republicans are there you can get a quorum they will come because the tiebreaker will be potentially on the floor the senate and you know, the republicans of the no-show you cannot have the foreman she's delayed smart and republicans who not only has the u.s.

chamber of commerce came out against the nomination but also congress which cares about broadband, and technology advancements spreading it to underserved communities like the hispanic communities and they believe that her plan for progressive is under progress is not good for the spanish community renovation and telecom that will bring it 5g to the superfast way of communicating to these underserved communities that's what you get in here and will be interesting to see if the republicans through with that they do, they do not vote on resting, nomination it is in limbo, maybe the same here tomorrow, touching go, much my twitter page if i get any news on this i will report it and republicans on the committee have not gotten back to us braided and others have not commented cantwell, the congress committee is not returned our calls for getting this pretty

solid from inside of the republican committee that they are thinking about heavily boycotting it and delaying it more and what would that achieve pretty kick the can down the road and maybe biden says okay forget it and this is gone too r but we will know more next couple of hours back to you. neil: thank you very much and wrapping up in the bbc is now reporting that one of the rich russian oligarchs obviously feeling the financial pinch, sanctions and he is indeed selling it the stock - and it proceed is to a charitable foundation to help victims of war in ukraine at the represents a significant oligarch departure from vladimir putin and olive garden's own rights. in their jumping ship.

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neil: the day after the state of the union speech that president didn't do much permitting, he did, we expected and he kind of

the progressives have not going since they started here is more from capitol hill, hillary. reporter: the president biden told americans the paychecks of getting eaten up by higher prices and he gets it but he did so by pinching programs that summa's own push back upon my cheaper childcare, family leave that is paid in prescription drug discount. neil: call it building a better america. biden: my plan is to fight inflation will lower the costs and lower the deficit. guest: republicans are blasting president biden for rebranding build back better and stifling some of the program senate is a fix for inflation. >> the solution for inflation from the president was to pass build back better and spend the money to a solution for inflation is what is causing

inflation, it is really dumbfounding it. and instead we got the president doubling down. guest: until help no pain the americans are feeling the pump, is releasing 30 million barrels from the strategic petroleum reserve he already did this in november which only led to lower gas prices by about 12 cents. biden: it it will help the gas prices here at home but i know news can seem alarming to all americans but what you do know, are going to be okay. guest: and chief of staff had an interesting remark following the president's address last night, he addressed the bad pools of biden is getting on the economy, he said they think the polls are bad not because the economy is bad, but it because the recovery and people realize that is amazing economic recoveries that have

been not temporary to begin you like it is real that the polls will go up. neil: already, this like saying it's a different problem i don't think people will buy it pelosi, hillary thank you so much on capitol hill we want to go to the next, it's interesting because i do want to texas primary assignment for the president of the surgeon the people assumption and talk to a number of democrats about those who said that things are much better, we've just done a lousy job of getting the message out and what you think about that. guest: i think that is delusional. it basically saying that people are stupid that they don't understand of their facing it in with her in the middle of an with the answer to be. and people know that maybe because they kept their job allies during 2020, raising the

companies coming back to business and with the earthly back in because the efforts of work in their and their park there is not because of the government, the idea that were going to somehow gave our way to a low-inflation by spending the money we don't have, and seemingly worthwhile projects, they get it, that means that there is more money chasing it pure good is that the currency had they don't believe that is no way to go and i thought it was interesting last month the president talked about the market recovery plan the bipartisan info structure built it of sort of like, you know these are great things if they were perceived as being great thing said frankly am a fan of the bipartisan infrastructure bill but nothing worked for saying this is the end-all be-all, his numbers weren't already be up because they've been talking about this for a year in the case of the recovery plan. neil: the paycheck protection programs aimed at helping

businesses stay open it up or take the workers let's switch gears on taxes what you make i guess the attorney general and folks called but i don't have the latest numbers. it is going to be governor abbott, contessa get it only think of all of this. guest: let's step back from the individual concept the attorney general, runoff let's take a look at this, in 2018, 1,549,000 texans vote in the republican primary, million 16000 and voted in democratic primary in this turned out to be pretty close election in the fall, on tuesday, 832,000, people voted in the republican primary another still got a couple of hundred precincts left to count enemies are going to probably in up someplace in another 200 and summa thousand votes, over

2 million people voted in the republican primary critical condition pretty sight, 1,018,000 voted and they have a few more precincts to count and probably about another 20000 also million people voted in the democratic primary and think about, 1.5 - 1.1, now is 2 million - 1 million is something is going on particularly in south texas and big counties corpus christi, san antonio, cameron and the rio grande valley and capasso heavily hispanic counties are seeing huge increase, over 100 percent in some areas and nearly 80 percent increase in the other three counties and it turns out the republican primary is being driven it is a heavily hispanic counties, by the change, from being democrats to go to republicans in human country country i would be worried about this because it's not wendy limited to texas when they begin to move into the republican party. neil: i am curious about this

great migration of and the i texas in the workers workers to come with them, you amassed move over the argument was that they were more left-leaning up that could change the dynamics in texas you by that. guest: i don't the reason is because a lot of people coming here are economic refugees and they leave california unencumbered texas and settling their paycheck is bigger because of buying a home, is a lot less innocently realized that the economy here is strong and powerful reason why the company is moving to texas and the quality of life and personal financial situation improves i was in dollars a couple of weeks ago, about 13 business leaders move the company here in the city rusted i met with employees of companies leaders of companies moved to austin and

slightly more liberal the social measures put on economic issues lifestyle, their mindset is a move to texas number going to bring the problems they had in california washington illinois michigan when you're, i'm not going to bring them with me. neil: okay, you want to stick to this political analysis, you are quite good at it and think you my friend. guest: i'm hoping to break into the industry sometime and you will all be put in a good word for me. neil: things are looking good carl, thank you very very much, 700 points stay with us. we got this. we got this. . .

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you could get out of debt sooner — and get your money right. ♪ neil: all right. you don't see this every day, oil prices rocketing this time stocks rocketing as well. could be the fact that we've seen the federal reserve indicate things are going to be okay on interest rate front or the fact that people are getting past relationships with stocks and oil, i don't know, but charlie payne does. >> people say what jay powell today did was unprecedented. they never seen a fed chair go out and do what he did. can't wait to discuss it, wild. thank you. charles: i'm charles payne, this is "making money." we came out of the gate cautiously optimistic, let's put it that way. but it got a major head of steam that jay powell wants to s