we got a market that is showing gains this morning off of the best levels of the morning but the dow industrials right now up 227, the s&p up 21 and even the nasdaq has once again turned positive it is up 14 points right now, dagen mcdowell , ken mahoney great being with you both today thank you so much have a great day everybody we'll see you again tomorrow. "varney" & company begins right now david asman in for stu. david: good morning, maria thank you good morning i'm david asman in for stuary varney. russian forces attacking a residential apartment building in kyiv overnight and american journalist brent renaud is killed in irpin, ukraine just outside kyiv. he was traveling to film refugees when russian forces opened fire. we're also learning that russia has asked china for military and economic help. this comes as national security advisor jake sullivan meets with china's counterpart in rome today and a look at the price of oil dropping $4 a barrel this

morning gas prices still remain at record highs although they do seem to be leveling off a bit. the average price for regular gallon of gas is $4.32 according to a new abc news poll, 70% of americans disapprove of the president's handling of gas prices. we'll get into all of that. let's take a look at the markets right now, and they are due to have a bounce today. the dow futures are up about 240 points, s&p 500 is up about 23 points, and nasdaq is up about 14.5. we got a big show ahead congressman michael waltz, miranda divine, larry kudlow and senator marsha blackburn all with us plus tom brady is coming back, six weeks after announcing his retirement. brady reversed course, and says he's going to rejoin the tampa bay buccaneers it is monday, march 14, 2022 "varney" & company is about to begin.

and first, the big story. the war in ukraine. russia attacked a military base very close to the polish border, lauren how many people were killed in that attack? lauren: at least 35 and it was the closest attack yet on the nato border, air strikes hitting a ukrainian military base 10 or 15 miles from poland that's where the west had been providing military equipment while steering clear of providing troops. putin has warned he'll target arms deliveries, too so this as we had the former new york times journalist brent renaud, he was killed by russian forces in irpin. here is a colleague on fox & friends earlier. >> we've lost one of the best there ever was, showing in justice, getting in places where most of us can't get , can't figure out how to get the access. he always figured out how to be in the middle of it and bring it

to life and show it to us so we could have a perspective. lauren: renaud was 50 years old sad story. david: reminds us how brave those journalists are. thank you, lauren. president biden meanwhile authorized 200 million more dollars for ukraine in military aid, however new reports say the pentagon's plan to send more trainers to ukraine was thrown out in december. let's bring in congressman mike waltz, he's republican from florida. congressman, about 10 miles from the polish border, that was the most recent russian hit, that is a red line, is it not, still? i mean, what happens if they cross that line? >> well if they cross that line , they've crossed into nato territory, that triggers article v, and we are heading towards world war iii, and i was pleased to see jake sullivan make the president's national security advisor make that clear that if missiles fly into nato

territory, that is then fair game for nato to respond. that base that they struck actually i was out in ukraine last december, the florida national guard was conducting training there, and our special operators were conducting training forward but i expect putin to continue to increase his attacks on the supply lines of lethal aid, coming in from poland. we have pressed the pentagon and they are working hard on it to start diversifying the places from which that aid and start disbursing to multiple locations the places from which those aid convoys are flowing into help ukrainian resistance. last point. congress continues to push this administration and its republican and democrat. we actually increased the amount of lethal aid that the president requested we just increased the defense budget. we finally got a deal. we've pushed him on stingers, pushed him on humanitarian aid, and now we're pushing them on

the migs ands f-300 air defense systems to get the ukrainians everything they need to resist this invasion. david: isn't the mig deal dead >> i don't think it is. i'm talking to folks in the pentagon. they're still looking at it. i don't know that it is. i think the f-300 which is a legacy russian air defense system that some eastern european countries have should also be provided but at the end of the day, the white house has to stop drawing this false distinction and show up with what will escalate with putin. we need to have him afraid of our escalation. we need to start driving the agenda and the other piece that has me very concerned is to establish very clear red lines when it comes to chemical weapon s and wmd, that on the one hand, biden says there will be consequences but on the other hand he says all the things that we won't do in response. stop telling putin what we won't do.

get inside his calculus, start deterring him right now and he's deterring us. david: congressman, you've mentioned that phrase escalation that's something we keep hearing a dangerous escalation. of course we don't want to escalate anything into a world war again, god knows, but on the other hand, you had a number of strikes in the previous administration. i'm thinking of the strike on the vagner group in syria where over 200 russians were killed. we didn't seem to be worried about an escalation then. is there something different? i mean, this is in europe, not in the middle east. is that the difference here in terms of red lines? >> nobody wants world war iii, let's be clear on that, but putin will continue to push and push and push as long as you give him space, and until he hits strength, and to your point president trump authorized the bombing of 300 russian mercenaries that dared they

continue to push but they were pushing on u.s. forces. he met the bully with force, and the bully backed down, and that's a lesson that this administration hasn't figured out yet. david: by the way that same group, the vagner group is in ukraine terrorizing ukrainians so they are still around congressman thank you very much. take a look at this gas prices are at $4.32 for a gallon of regular. that is actually down a penny from record highs. lauren? uber now is trying to offset the high prices what the are they doing? lauren: of course they are adding fuel surcharges, it starts on wednesday it's $0.45 or $0.55 say trip and $35 or $ 0.45 for uber eats dehad ever ies that goes directly to the drivers, they were complaining how long does it last 60 days and uber will reassess but when gas prices go up everything costs more money, it's a tax on everybody and in this case, your uber is going to charge you more. david: well i'm glad it's going right to the drivers because

they are the ones that are suffering from this. they really are. well let's check the futures, bring in jason katz. jason thanks for being here. we've been having wild swings in the market should i be holding on to my money? >> i mean, this , david, is the moment of truth for a lot of investors. i've been alt this now for 30 years so i've guided clients through the tech wreck, 9/11, financial, the covid crisis. the worst thing you could do is make a wholesale decision. for some reason, people feel like in this particular crisis, like investing is a binary decision. there's a fundamental difference between being an investor and a trader, so i would say remove emotion right now, let fundamentals drive your investment decisions and don't chase the school of what's working. we have all these tourist commodities investors that unfortunately could be setup for getting burned. david: tourist commodity investors so again, specify what that difference is between investors, which is what we should be acting like, and

traders which too many people are now acting like. >> look, technology is the world in our hands. we could act first and think second and trade for free, and the fact is if you're an investor you have a long term plan. your asset allocated predicated on that plan and you commit money to risk assets that you could hold through a market cycle. that being said, david, i would recall recalibrate your expectations as an investor. for the last decade, every dip you could buy was a v-shaped recovery. i'd expect a u at this point but i will tell you we've seen such dislocation that when we get mean reversion which we will get at some point this dislocation event will create a very good entry point for those that have cash, and for those fully invested hold your quality. we already know the atrocities of war are discounted in many cases in a lot of stocks. they've severely punished companies that are not recession

-proof. if you own companies with enduring competitive advantages, access to the capital markets, hang tight here david: good advice jason thank you very much for that i appreciate it. well one of the real uncertainties is what the federal reserve is going to be doing. they are announcing their decision on interest rates this week, so lauren, what should we expect and watch out for? lauren: so wednesday is their decision on rates. look jay powell has all but said yeah, a quarter point rate is coming. it be the first one since 2018. it's as inflation rages. tomorrow, producer price inflation expected to jump to 10 %, inflation could actually be here. wednesday we get retail sales, one quick point on this. retail sales aren't adjusted for inflation so if we see higher print and we are expected to that reflects higher prices, not more purchases. so consumers could be pulling back, but the number goes up because things cost more money. thursday we get housing starts, friday, sales of previously- owned homes, they are expected to slow down 400,000

fewer homes to be sold in february than january, and quickly, david, in terms of earnings thursday is the big day , fedex, gamestop and dollar general. david: big week indeed thanks, lauren. let's get a quick check of the futures and they are all up this morning well with the exception of nasdaq that just went to the negative again these are futures. the dow jones is up over 200 points, s&p up over 16 but again , nasdaq just slipped down into negative territory. we'll see if that holds up in about 15 minutes when the markets open. well president biden says he is sick of hearing that democrat spending is to blame for rising consumer prices. roll tape. >> i'm sick of this stuff. we have to talk about it, because the american people think the reason for inflation is government spending more money. simply not true. david: well we would say that's simply not true. we're taking it on later in the show. meanwhile, the white house has a warning for china, help russia, at your own peril, but will

beijing listen? i'm going to be asked retired lt. general ben hodges right after this. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire

david: well, the fourth round of peace talks between ukraine and russia is happening today. meanwhile, russia is increasing pressure on ukraine's capitol of kyiv our own trey yingst is there live, trey what is the latest? reporter: david, good morning russian forces are closing in on the capitol of kyiv. throughout the day we've heard large explosions in the distance and ukraine's air defense systems firing off trying to

shoot russian planes out of the sky. a russian missile or rocket hit an apartment building early this morning billing killing at least two people injuring at least a dozen others. you can see the scenes of destruction as firefighters tried to enter the building looking for survivors and those injured. it's not just there. other parts of the capitol city starting to see more intense shelling. something hit the ground here either a missile or a shell, slamming into the pavement, destroying a nearby bus and killing at least one person. it gives you a sense of just how widespread the destruction can be, and the ukrainian people have seen what other cities look like. the second-largest city in ukraine, kharkiv, and also in the south in marioupl, this shows smoke stacks rising up from the horizon in the city more than 2,000 people were killed and this destruction is expected in the capitol of kyiv as it's at least partially surrounded by russian forces, who are starting to hit closer

to downtown, but again, humanity here continues. we just saw an elderly man outside he was feeding the birds many people don't have the resources leave and they are hunkering down at night when the air ride sirens are sounding trying to get into bunkers but the city is bracing for what could be very bloody days ahead. david: trey are the russians almost surrounding kyiv right now, are they preventing goods from getting in, that is the water, the food supplies, et cetera. reporter: so far, the supply lines remain open. the arteries to get into this city for the weapons, the food, and the supplies comes from the south and russian forces have not been able to close off this corridor. its been heavily defended by the ukrainians because they realize if russia can totally surround this city, they will be cutoff from everything looking at food, medicine and water, to important things for the army, weapons and air defense systems. david: trey yingst reporting from kyiv, please take care of yourself trey as always thank you so much for being here.

well russia is turning to china, asking them for military and economic aid during their war in ukraine but national security advisor jake sullivan is warning china about getting too involved watch this. >> i'm not going to sit here publicly and brandish threats but what i will tell you is that we are communicating directly, privately to beijing, that there will absolutely be consequences for large-scale sanctions and invasion efforts or support to russia to back-fill them. david: let's bring in retired lt. general ben hodges with more on this. general what happens if china steps into help russia? >> david, thanks. if you allow me, just listen to your reporter trey, the courage of journalists from all of our media organizations is so important. obviously we lost one here in the last 24 hours that was killed trying to do his job, and i just commend all of these brave women and men who are out there trying to help us

understand what's going on, but i was also struck by the picture behind trey. you get a sense of the size of kyiv. i was there five weeks ago. i had the chance to meet president zelenskyy. this is a massive city. each one of those large apartment blocks right there requires over a thousand soldiers just to clear it, so this is why the russians, i believe, do not have the manpower actually to encircle and clear kyiv. sure, they're going to use rockets and artillery to try and destroy it like we saw in kharkiv and marioupl, but they have been hanging in there for almost three weeks and the russians have still not been able to capture it. i'll say i do not believe there's anyway they are going to be able to encircle kyiv and reduce it. i think we are probably about 10 days away from russia, reaching its culminating point. when it runs out of time, people , and ammunition. david: which is why, yeah, which is why they are turning to

china now, so what happens if china supplies them or re supplies them? >> yeah, it's a great point. they are turning to china, they are asking for negotiations, they are asking for syrians to come fight. the russians are in trouble, and they know it, so i think china also knows it. china is trying to decide which way do they go? do they really want to be handcuffed to a failing russian effort? obviously they need russian gas, they also want to make sure that they have access through the arctic as the arctic navigation conditions improve for year around navigation so they are weighing all of this. i think the administration probably has done exactly what jake sullivan said they are sending very direct messages about what the impacts will be on china economically and business-wise, if they should do anything to prolong russia's effort to keep up this conflict. i imagine they are listening. david: general, we only have 20

seconds but i'm just wondering, if, in fact, one of those hits in the western part of ukraine goes over the polish line, does that immediately start reaction from the west directly on russian positions? >> so article v is a political decision. it's all 30 nations have to agree what the response will be. i would expect that there will be a reaction but not necessarily immediately a military reaction. david: yeah, general, good to see you thank you very much general hodges appreciate it. now this , moscow exchange has still not resumed trading lauren one can only imagine what happens when they lift the barriers. lauren: and i don't know when they are going to have it open for business. it's going to be closed all week its been closed since february 25. russia has promised to prop up the exchange equities when it does reopen injecting $10 billion in liquidity, but experts are saying no matter what the they do stocks will drop as much as 50% whenever that day is.

david: at least. i would say at least. thanks lauren. let's get a check of the futures now, the opening bell is coming next as you can see the nasdaq is trading slightly to the negative. dow jones is tell up over 200 points, we'll see what happens, 10 minutes from now, stay tuned. ♪ hey! some people are made of plastic ♪ ♪ and you know, some people are made of wood ♪ ♪ ahh! ♪ ♪ but baby, i'm for real ♪ ♪ i'm as real, as real can get ♪ ♪ ha! what you see (what you see) ♪ ♪ is what you get ♪ welcome to allstate. ♪ ♪

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david: let's check futures, they are up on the dow and the s&p but they're trading further down on nasdaq. a lot of concerns, obviously, about what's happening in russia let's bring in keith fitz-gerald keith have we hit bottom yet? is it too early to say that? >> i wish i was going to be wrong on this but i don't think we have, david. there hasn't been a capitulation of washout. the president's policies are a four letter word i can't say on national television, we've got energy problems, sentiment is dropping et cetera. now the good news in all of that , david, is everybody knows how bad it's going to get and that's a sign to get busy and start picking off some of the great names. david: what should i be buying right now, if i am? there are people going in, looking for bargains. is there any bargain out there? >> there are bargains all over the place. the question is, how you define it. lots of people are just buying because they can. that's the wrong approach. to me this is absolutely keeping

between the buoys whatever you want to call it big quality names making must-have products the world cannot live without. nice to have stuff, doesn't count it's a risk you don't want so to me this is apple, microsoft, crowd strike companies we have been talking about frequently because they are going to survive and still growing at 50% a year. david: the big r, a recession we're hearing more about a recession, slow down, stagflation. if we have a recession, should we be all in cash or what? >> you know, history would argue that that's never a good bet, but if you need the cash in the next year or two, three, okay fine. you're going to have to make a tough, tough decision times just simply up but if you got two years, five years, i would argue that history says that's a bad move you still want to be in the win. david: if we are in cash because a lot of people at least have taken a big chunk out of their savings and put it in cash what kind of cash should we be in? should we buy treasuries, is

there some kind of money account , what would you suggest? >> you know that's a really tough call, because of the fed's policy, because of the politics of washington right now, cash isn't what it used to be. i would argue you definitely want to be u.s. dollar-centric, but in terms of how that's really a question for the accountants. i'm not smart enough to figure that out. david: what do you think the fed is going to do. we keep hearing about a quarter percent rise. they are never going to sort of nickel and dime their way into curing inflation if they just do a quarter percent every couple of months, so what do you think their end game is? does this mean we're in for double-digit inflation as far as the eye can see? >> well i'll tell you i'm a pretty hard critic. these guys are dumb enough they continue to raise rates into the storm because they missed the foundation and missed it in crisis and formation and continued to deny inflation and now they got it we're suddenly supposed to believe they are going to fix it? i don't think so, so i don't know what their next move is it's all wildcards frankly they

should hang up a sign that says we're out of business, we failed david: wow what are you doing by the way with your cash? >> i'm continuing to invest in those companies we just talked about because that's the way you grow your way out of this. you've got to have stuff that values, everybody is given up food, changing medicine, what they buy but nobody, i've heard yesterday is giving up one of these. david: that's right. absolutely correct. keith fitz-gerald always a pleasure to see you, thank you so much and we are getting the opening bell right now. it is ringing. take a look at the big board. we've got about well about five green stocks, there we go. now we see it. we got one, two, three, four, five red stocks, all the rest are green. >> [opening bell ringing] david: the dow fell off its pre -market highs of over 200 points down a little bit from there and as i mentioned before, while the s&p is up as well, about a quarter of a percentage point the nasdaq was trading in the red. it is now down about a quarter of a percentage point.

let's also show you the big tech stocks if we can. microsoft is up. apple is the only thing in the red right now, but we do have overall nasdaq in the red, and we just had meta facebook going down in the red as well. take a look at tesla if you can, because elon musk is weighing in on the inflation pressure. susan, good morning. >> good morning. well, also he has some opinions on cold hard cash which i'll get to but right now in terms of inflation, you have elon musk saying that every company has to deal with high inflation. that includes tesla and spacex so tesla and spacex are seeing significant inflation, recent inflation pressure and raw materials and logistics and also that's a main reason, by the way , why we had tesla raising praises on its model y, by $1,000. rivian also raising prices by 20 % and despite inflation and supply chain concerns i will tell you this , that tesla is outperforming everybody else,

blowing away wall street forecasts last year, record number of deliveries, 936,000, and they are looking to do 50% better this year. might be tricky though don't you think, david, in this type of environment? david: could be, indeed but you look at those gas prices and you want a tesla. >> but i'll tell you this. elon musk is making news this morning just about a few hours ago he tweeted at putin and this is making the rounds on social media, saying i hereby challenge putin to single combat, stakes are ukraine and then he followed that up by saying if putin could so easily humiliate the west, then he would accept the challenge, but he will not, so dangerous to poke at the bear? david: well, he's a jujitsu expert but all of those fights are carefully choreographed i wonder if he's as good as he thinks he is and musk tweeted about crypto. he's not selling anytime soon. >> no, and it comes back to inflation and whether or not he should be holding dollars, so elon musk is pretty busy on twitter.

like it or not, so musk is probably the most influential crypto influence erin the market right now, and this is in reaction to that inflation tweet he put out saying that it is generally better to own physical things, like home or stock in companies that make good products than say owning dollars when inflation is high and he says i still own and won't sell my bitcoin, ethererum or doge for what it's worth and that's what it took for crypto to stop selling temporarily that slide in prices. we also had a huge deal, by the way, in nft's that was announced friday night. david: you love those. >> it's up 21,000 percent last year, 5 billion in profits and the two most valuable nft collections on the planet are owned and housed under one company called yugolabs which make those celebrity-love board apes, but they bought the rights to the million dollar crypto punk selection and this is about making movies in

the future based on this intellectual property and that's why people are calling it the next one. david: cryptos are down now, gold is down also it's interesting. uber, jackie was talking about this earlier. we were wondering when rise in gas prices would cause them to add a surcharge and it's happening. >> its finally happened so expect to see a $5.45 to $5.55 fuel surcharge on each trip. $0.35 to $0.45 on uber eats orders and these fees are temporary will last for at least two moss and uber says the fees go to drivers responsible for paying the gas they use and the surcharge is depending on trip distance and where you live varies, this is interesting to me, that new york city will not get the surcharges, because drivers are already getting a 5% pay increase starting this month and that's to offset higher gas charges. lyft will likely follow suit but i think this will also push drivers into the electric cars so that might be a boost. david: i've had a lot of driver s talk about buying an electric car. they are thinking about it but

it's a big expense. let's take a look at some of the big china names. china is in the news because of what they are going to be doing with russia vis-a-vis all of this whether they will be subject to sanctions if they do, why are they down so much right now? >> so well a lot of pressure coming from both sides domestic ally and internationally so this is what we call panic selling over these rising cases, of covid domestically in china, you had the highest -- david: people forget about covid. >> well not in china right now definitely not in hong kong. so you have the highest number of covid cases since what 2019 at wuhan outbreak and mega cities, i mean mega cities like the silicon valley of china shin gin in lockdown, 17 million there, 24 million in province which is a southwestern province and then you have threats of delisting from the u.s. and ongoing china tech crackdown. you've heard about tencent and we chat so apparently, china is now looking into anti-money

laundering charges against the largest technology company tencent in china, and that's why you're trading at 2008 level, panic selling. david: by the way that never covid policy that they had turned out to be no good against omicron because that's what's happening there. now, all right apple, let's take a look at apple there we go it's down about one and three-quarter s percent they had to suspend operations at foxconn and it's related to all this because of the shinzin lockdown. >> global corporates are being impacted in china, 17 million there, silicon valley of china also a mega hardware manufacturing hub that includes a large foxconn facility, which helps put together some of the apple iphones that sell in china, and it was a sudden lock down, so there wasn't much notice given, it'll last for at least a week until next sunday at least, so apple didn't really have the time to try to be nimble and shift production and assembly elsewhere but apple isn't the only global company

being affected, toyota other car makers and the production as i mentioned that southwestern province of 24 million also being impacted because they are gone into lockdown there. david: susan thank you very much well the dow has lost a lot of steam it was up over 200 points in pre-market activity. it's now below 100 but there are winners, and let's take a look at them there. we got johnson & johnson, travelers, american express, 3m all winner, s&p winners we have moderna, of course the drug manufacturer cincinnati financial, discover financial, and the nasdaq winners nasdaq is down slightly, but we do have some winners on nasdaq, ebay, me ta, and gillead sciences and others. well one washington post columnist says you're stupid if you believe that president biden is to blame for rising gas prices. wait until you hear this story and much of ukraine's second- largest city reduced to rubble the mayor of that city, kharkiv, says russian air strike s have destroyed 48

schools. is anyone still there? well, yes, the mayor is, and we're going to be talking to the mayor of kharkiv later in the show but first, what does china have to gain from getting involved in russia's car? lydia hu has that report, coming next. if you invest in the s&p 500 your portfolio may be too concentrated in big companies. this can leave it imbalanced and exposed when performance varies. invesco's s&p 500 equal weight etf, rsp, is spread equally across the s&p 500, which reduces potential concentration risk

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david: china apparently is considering buying up under priced russian energy. lydia hu joins me now, so could china bail out russia economic ally, lidia? reporter: yeah, david, it could, and there's growing concern that it will. yesterday, national security advisor jake sullivan promised that there be consequences for beijing if china throws russia a lifeline to offer

large-scale sanction evasion. now as china claims neutrality amid this conflict some u.s. officials say it's not clear what china will do. watch. >> there was an international order that china and russia both subscribed to that helped both countries developed for russia. that is now gone. we're seeing them be taken out of every organization. the president's going to move forward with the congress on removing them from most favored nation status at the wto, the world trade organization. i think the prc is watching very closely has to make some tough decisions. reporter: now, before the invasion of ukraine, the two countries had been growing their financial ties through oil, coal , and grain trades. the two nations that just before the invasion that their partnership had, "no limit." now the western nations have imposed crushing sanctions on russia, china is sending mixed signals. on one end, as mastercard and visa pull out of russia, china's

union pay system became immediately available as the backup allowing russian banks to quickly integrate so russian people can access their money, but on the other hand, we do see china refusing to sell aircraft parts to russia as boeing and airbus had halted supply of components after sanctions. so, mixed signals from china remains to see exactly what they are going to do. jake sullivan is meeting with a chinese official today in rome to offer a stern warning to china. david? david: all right, lidia, thank you very much. senator marsha blackburn, republican from tennessee joins me now, here in new york. good to see you senator. >> good to see you. david: so what happens if russia becomes essentially a gas station for china? >> well, russia is a gas station for china. they are their largest supplier, but david, what we need to know is how deeply china is going to push to bail out russia, and whether it's economically with

the union pay cards, whether it is trying to backfill as we take them out of the swift system. i have a resolution that the senate supports, taking them completely out of the swift system, and then you have to look at the purchases of energy, and then that relationship between xi-jinping and vladimir putin who i think are the anchor s of the new access of evil and you have iran and north korea joining them in that. david: well, you mentioned iran i mean, it's extraordinary that not only are we still negotiat ing with iran about another iran deal, like the one that president obama formulated and that trump took us out of, but russia is actually at the bargaining table. what's up with that? >> this is one of the most troubling things that this administration has done. we saw how tentative they were in really very timid as they dealt with afghanistan and the withdrawal. they made a debacle of that.

they refused to move forward with sanctions on russia in the fall. they refused sales of lethal aid in the fall to ukraine, and now, you see what they're doing here with having russia try to negotiate a new iran deal and we don't want a new iran deal and the thing is, we already have said no more russian oil into our supply chain, but now they are trying to say okay, let's go deal with iran and make buying iranian oil a part of our solution and then venezuela, we ought not to be buying oil from any of these guys. david: meanwhile, by the way, iran is sending missiles into very close to our consolate in iraq. they claim it was not the target , but the point is, they are still doing it and they admitted it. >> they did and of course we

know iraq is trying to stand up their government, select a new president. we also know that putin is into soldiers for hire and mercenar ies to go carry out this urban warfare in ukraine and he's pulling these terrorist mercenaries out of syria. iran is one of the proxies that russia goes to. you look, they are going over into southeast asia and trying to bring them into ukraine because russia does not have the replacements. david: it's extraordinary what's happening. >> completely. david: doesn't seem to be a rhyme or reason. >> it's a time for clarity, it's a time for leadership and joe biden and this administration are not providing that for the u.s. or for the world. david: clarity and leadership. you don't see a lot of that these days. >> that's right. david: good to see you thank you for being here, senator, appreciate it. well, instagram is taking action against russia, what are they doing lauren? lauren: allowing users in ukraine to post messages that

are anti-putin things like death to russian invaders, you can't say death to putin but you can say death to russian invaders for example, that has pushed putin to ban the service in russia, because it now considers instagram's owner meta and extremist organization, bottom line is 80 million russian users are affected. david: unbelievable, well, meanwhile, that was quick. tom brady now says he is not retiring from football, 40 days after calling it quits. we've got the details coming up but first, roll up your sleeve, pfizer says a fourth covid jab is necessary. really? i'm going to be asking dr. marc siegel about that, coming next.

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david: well its been two years since the pandemic began. come in lauren, you've got economic stats on where we are now compared to the pandemic level. lauren: so how much have we recovered let's first take a look at air travel it's 87% of pre-covid levels so coming along , riding the subways here in new york we're only at 56%. david: crime. lauren: and look, office

occupancy, when you get people back at their desks -- david: get rid of the vaccine mandates. lauren: ridership will go up. are you going to the movies 60% back. are you going to a football game yeah and then some, attendance last season or last season was actually up .9%. david: wow pretty good. lauren: since 2019 a lot of games are outdoors. this is where we are two years in. david: we're getting there. we're getting there. lauren: [laughter] david: well the ceo at pfizer says a fourth covid jab is necessary. roll tape. >> it is necessary a fourth right now, the protection they are getting from the third, it is good enough, actually quite good for hospitalizations and deaths but it doesn't last very long. david: dr. marc siegel joining me now, doctor this comes as former president obama tests positive for covid. he's had every possible vaccine

and boost era available. isn't it time to rely natural immunity and therapeutics rather than a new booster every month? >> well, yes, to that question, david. i think one of the things they've done is not emphasized the impact of natural immunity from infection as part of the equation, and don't call me cynical on this but albert bor land the ceo of pfizer is saying fourth shot, well the stock price is up 1.25 today, at 1.15 today but i don't think he's doing that to boost sales. i hope not, but here is the science on this , okay? last month, cdc found that you were 78% protected after four months of the third shot. david? only 45% of those eligible have taken the third shot. they aren't going to get people to take a fourth shot. maybe people at high risk. maybe people that are over 70. people that are obese, people are chronic conditions, people that are immunocompromised but they can't be going across the

border on this and you said the most important thing right before i came on. the mandates make no sense whatsoever when the vaccine only has a partial effect. president obama, i do think, since he's over 60 and is a former smoker, the vaccine probably helped him a little bit and that's why he's having a mild case, but that's a message of let's live with this , all right stop the mandates, stop the fear, stop ignoring natural immunity. david: doctor you had a great piece, we only got about 20 seconds but about the children in ukraine and what they are going through right now. quickly go ahead. >> loss of structure is the biggest problem when you're school closes no matter whether it's from covid or whether it's because you're in a war zone, and if you're in combat or you see combat, they are going to have long term effects of this , bottom line, the kids and over a million have left ukraine already, refugee refugees, tragic no matter what happens they are never going to be the same again. this is an enormous tragedy. the humanitarian tragedy here to the children around the world in

ukraine especially is just in conceivable and we're not spending enough attention on it. david: i agree doctor, thank you so much good to see you appreciate it. well we're just learning by the way speaking of ukraine that president zelenskyy is going to be addressing the united states congress by zoom, i assume. that will be on wednesday at 9:00 a.m. eastern time. wednesday at 9:00 a.m. eastern, you'll want to stick around. still ahead, larry kudlow, stephen moore, ambassador kurt volker and the new york post miranda devine, the 10 a.m. hour of "varney" & company is next. i'm so glad we did this. i'm so glad we did this.

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♪ ♪ move your high-interest debt to a sofi personal loan. you could get out of debt sooner — and get your money right. ♪ david: good morning, everyone. it is 10:00 eastern time. i'm david asman in for stuart varney. head's get straight to your money. the markets are a little mixed. the dow has lost a little bit of headway. it was up over 200 premarket. nasdaq, is down significantly. it is down almost half a percentage point, down 56 points. well this just in, russia peace talks have now been paused. this will be the fourth peace talks so-called between russia and ukraine. this is according to a ukrainian

negotiator meanwhile the 10-year treasury if we can put that up on board. it is trading up two basis points. the 10-year is now over 2%. oil is down significantly, almost 6 1/2% right now. down to $102. bitcoin is up, trading up. gold is trading down, bitcoin is trading up. still under 40,000 at 38,835. a new poll show vast majority of people disapprove the way president biden is handling inflation. miranda devine joins me now. miranda, president biden is gaslighting americans that inflation is all about putin even though we've been struggling for a year now but americans are not buying the biden flimflam, right? >> no, hi, david. they are not. i don't know why the white house

think the american people are stupid to not believe their own lying ice and believe the experience last several months and a year of high inflation t was starting last may. and, now joe biden and nancy pelosi and jen psaki, from the white house trying to tell us this is putin's inflation. this is the fault of russia's invasion of ukraine. no. we know that inflation started a long time before that and this is really a cynical attempt to lay off blame. i mean nancy pelosi even telling us the other day, no, the vast trillions of extra government spending that they have been pumping into the economy, that is actually not inflationary at all. it actually stops inflation. that is like turning physics on its head. david: it happens so often despite what is happening right before our eyes, the border crisis, they claim the border is

closed, when it is obviously open, crime, they are denying the effective nature of crime in major democratic cities and inflation. remember when they were claiming a thanksgiving dinner, we're saving a couple of cents. it's crazy to go against what the people actually believe. they will not vote with people that are trying to gas light them, are they? >> well, it really is orwellian. it is really quite frightening that you have people who are in charge of you know, all three power centers in washington and who think that it is okay to lie non-stop. you know, to distort the truth because they feel that they control the media narrative and to a large extent that is true and unfortunately we have too many journalists, too many media outlets that are willing to

transmit those lies to the public. david: yeah, we only have 20 seconds, mir ran today, but the irs again is being used as a political weapon. this time against the computer guy who exposed the hunter biden laptop, explain. >> john paul isaac who is an american hero he has been hounded out of his job, hounded out of delaware, lost his business and he has had the irs weaponized against him it seems. many agencies are being used to really torment a man who was a whistle-blower, who decided when he saw what was on hunt hunt's laptop, he couldn't be silent. david: miranda devine, great to see you. glad you're on the case. appreciate it. "washington post" column named jennifer ruben is not happy that voters are blaming the president biden for high gas prices. what is she saying? lauren: she is blaming voters and calling voters stupid.

voters in a stupid nutshell, according to abc ipsos data 70% of disapprove of biden's handling of gas prices. even more, 70% support his proposal to ban russian oil even if it means paying more at the pump. voters were already paying more because biden's energy policies were put in place 14 months ago, day one in office. david: bingo. lauren: russia exacerbated. david: it happened day he was elected, not the day he was inaugurated prices went up. thank you, lauren. let's bring in jeff sica. we have food and energy inflation, we talked a hot about that but it goes far beyond that, doesn't it. >> food and energy, look at we have a population 40% of people rent and don't own and those 40% are seeing the biggest escalations in their rents that they have seen in history. and what's happening is because

we have all of this inflation, there is not a lot of construction. so you look at big markets like new york, san francisco, los angeles, miami, you look at big markets, supply is off by about 85 to 90% pre-pandemic. which means you have a lot of people that want apartments and not a lot of apartments. i didn't do really well on economics in college. i don't even think i passed it but i know the rule of supply and demand. there is a ton of demand, not a lot of supply. and that is allowing markets like new york, for example, which was in the doldrums during the pandemic is now at, rents are higher in new york now than pre-pandemic. because of supply. david: now the other side of this coin is that as usual politicians are overreacting and coming up with these no eviction laws. >> right.

david: that is to say if people say they can't afford it, they won't pay anything, you can't as a landlord do anything about it. >> i'm a developer and within of things -- i don't want to tell people i'm a developer because a lot of people hate developers especially certain politicians. politicians are saying we can't have evictions or we'll build a lot of low-income housing, there is a problem with that because we are in a business and we want to build and we want to provide houses, homes and apartments for everybody but when you tell people they don't have to pay for your product they could live there for free, and nobody is going to do anything about it? you will have a lot of people, a lot of developers, a lot of construction companies, that are just going to sit on their hands say, why bother? why spend all this money when we're going to build a product that the government is going to allow people to get for free. david: where does all this end?

the fact is new york has this terrible, a lot of cities do, terrible crime problem. we still have vaccine mandates in some form here in new york, other cities could as well, and now the problem with the rented. are people going to stop living in thesis, these democrat-led cities? >> yeah. look what is happening. take for example, miami for example. miami is the most expensive city to live in. the reason for that people are leaving new york, san francisco, los angeles, to go to places like miami but the problem that all of these cities have is they're not building enough. you know for oil they say forget oil prices down, drill, that is very true. for rents, to get rents lower we need to build. we need to build and provide housing at an affordable rate. david: right. >> you have now a lot of these cities, they not only have a high demand for leases, there is bidding wars going on for renter.

so if we don't do something about this soon there is going to be a lot of people with no place to live. david: another thing to worry about, jeff zika, thank you, my friend. look at stuart's favorite place, costco, membership fees could spike this summer. do we know how much if. lauren: he likes the free food. likely five or $10 but not set in stone. costco typically hikes membership fees in june. this marks year five. loyalty is strong. do you think in this environment costco is going to make their customers spend more? the membership is between 60 and $120 now depending what membership you have. you get great deals at costco. but we're in inflationary environment. are customers going to spend extra $130 on their membership. david: anything free that stuart doesn't like? i haven't found anything. lauren: no. no. david: you're looking at some movers. start with lockheed martin. lauren: okay, so germany will

purchase reportedly 35 of their f-35 fighter jets. lockheed's stock up 1.4%. david: and ford? lauren: doubling down on europe as russia changes the fuel equation. ford will launch seven new electric models in europe by 2024. they will build a battery site in germany and nickel cell manufacturing joint venture in turkey. so they're going big on europe. david: travelzoo. lauren: gosh, creating a metaverse division. it is a paid subscription service. users get exclusive access to meat have verse travel experiences. hard pass. i want a real vacation. david: bingo. i'm with all the way. lauren, thank you very much. the g.o.a.t. is returning from retirement. we'll tell you what is prompting tom brady to get back on the field this fall. inflation is at 40-year high, but speaker pelosi says the democrat agenda is not fueling

prices. roll it. >> when we're having this discussion it is important to disspell those who say it is government spending. no, it isn't. the government spending is doing exactly reverse, reducing the national debt. it is not inflation nary. david: government spending reducing debt? you better bet larry kudlow has things to say about democrat delusions next hour. russian forces mount a deadly missile strike just 10 miles away from nato, poland's border. former u.s. ambassador to nato curt volcker will take that on coming next. ♪. 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. ♪

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david: check out the markets here. as good as it is to see the dow jones industrial average up 292 points, look at nasdaq it was trading down. it suddenly popped to the positive. not as high as the dow. what happened at meta, microsoft, amazon, nvidia, it is trading to the upside, up half a percentage point. that is good news on the tech front. russian forces fears dozens of missiles at a ukrainian training base, near the polish border, very near the polish border 20 miles away killing 35. mike tobin is near lviv, ukraine, not far from the polish border. what is the latest? reporter: a tv town was hit in a town 120 miles northeast of the city of lviv. this follows what you were

talking about the barrage of missiles that rained down on international center for peacekeeping and security. that is a sprawling base between here and the polish border t was close enough to the polish border that people with their cell phones recorded the barrage of missiles raining down and exploding and they recorded it from the polish side. now that base has served as a training ground where nato forces train ukrainian forces very near the city of lviv here. here is reaction from the lviv mayor. mayor, what is your message to the western leaders who are so afraid about being dragged into a broader conflict? >> we expect a decision about closed sky not after one month. we need decision today but every hour russian aggressor killed 100 civil people, women, children, old people. reporter: now 60 miles from that

strike is the eastern most deployment of nato forces. paratroopers with the 82nd airborne in poland, they are based on a mountaintop airstrip there, very close, just 60 miles away from where that made impact. you just heard from the lviv mayor, repeating the mantra, close the sky. they're calling for no-fly zones. he believes this war will go on for a long time. he takes it a step further than close the sky or no-fly zones. the lviv mayor is asking for missile interceptors, something like patriot missile, iron dome or the russian s-300. david? david: mike tobin, thank you very much. here with us now former u.s. ambassador tomato kurt volcker. ambassador, we have seen a lot of hesitation about drawing any red line but clearly the red line is a nato country, an attack on a nato country and we're only 10 miles from that point. wouldn't that immediately require a response from the united states? >> it should.

we should definitely be there to make a point that we will not accept attacks on any nato allies. if you let one attack go by it just invites the next one and the next one. so we do have to draw a red line there. david: are you at all concerned that red line might become wobbly? >> i am because we tried to send so many signals so far what we will not do, we need to be sending signals to putin what we will do, what our objectives are, and what he must be careful abought. i think he is showing a degree of recklessness right now, perhaps even a degree of desperation. his military effort is not going well and doing something like sending these missiles so close to the polish border is a dangerous thing for him to do. we need to be sending some warnings to him. david: it seems clear what's happening, what he is most bothered with are the supply routes, the supplies that are coming in, not just the humanitarian supplies but

they're getting intermingled with armaments coming in and clearly they're devastating russian force. >> right. he would like to have an easier time destroying ukraine. the fact we're giving the ukrainians good military supplies so they can defend themselves is frustrating his efforts. he threatened over the weekend to attack nato supplies going to ukraine if he did would be a direct strike on nato forces and perhaps nato territory again. david: what happens then? nato, we should mention by the way, during the previous administration, because of the encouraging of president trump nato did build up its defenses more than they were before so is it prepared for god forbid, is it prepared for a war with russia? >> let's hope we never get there but if so, there is no doubt. look at the way russian forces have performed over the past two weeks, fighting the ukrainians, smaller country, smaller army, and they have done a terrible

job. there is no doubt that nato forces are far more capable than the russians that we see but our objective again should not be to attack the russians. our objective should be to help the ukrainians. they are the ones doing the fighting and they need all the help we can give them. david: you suggested in the past there may being a way to accommodate ukrainians who desperately want to create the no-fly zones. is that out of question now or is there still a possibility of that? >> for now, i think it is off the table. the administration and nato have been clear about that they said they are not going to do it because they don't want to create the risk that nato planes and russian planes would be in direct contact with one another. we have to look at it also from putin's point of view. it is not going well for him. he asked for help in china, saying he will bring it fighters from syria. he arrested some of his top generals and top intel officers. he threatened the nato supply routes. he talked up biological and chemical weapons.

he is in a dire situation. the last thing he wants to do is draw nato forces into the fight and so i think we have a lot more running room than we think. david: what about the migs, is that off the table as well? >> no. i think that is coming back. the administration has not said so but we've seen so many other areas where we said we would not do something such as cut off oil or cut off russia from swift and then we did it anyway. this is one where the ukrainians are asking, they need the support. congress is very much behind it and i think we should be moving on this quickly. david: i was given a wrap but i have to ask about the negotiations. is there any chance, four rounds. looks like the last one just disbanded as well. that that was unsuccessful. is there any chance of negotiated peace? >> not now because russia has no interest in a negotiated peace. they want to destroy ukraine. when they start to realize it is working against them, that they are losing and they're destroying their own country, then i think there is a chance for negotiations.

david: ambassador kurt volcker, great to see you, ambassador. thanks for being here. appreciate it. >> thank you. david: basketball star brittney griner is still being detained in russia. lauren, is she being used as political pawn? obvious she is. lauren: could be. she played basketball for the russia team for years when the wnba is in the off-season. she was arrested at the airport over the weaken reportedly carrying vape cartridges with cannabis oil. that can get her 10 years in jail. a attorney dan lusk says there is always danger to play in a foreign country. when you mix allegation like drugs going through an airport it will be very messy. add on top, add what is going on between russia and ukraine. it is a whole another element. it's a perfect storm here. her legal team will fight this as a legal case. you ask if she will be a political pawn you can't ignore the political environment we're

in and we wish her the best, we'll see what happens. she played for that team for years. david: wow. by the way, tom brady, i'm sure you heard about this, says retirement is not for him. he is coming back for his 23rd nfl season in tampa. a lot of people thought he might. in a tweet he said, quote, these past two months i realized my place is still on the field and not in the stands. that time will come but it ain't now. i i love my teammates and my supportive family. they make it all possible. i'm coming back for the 23rd zoo season in tampa this time. unfinished business. good for him. still ahead biden's national security advisor will meet with his counterpart as russia's ties with beijing is growing stronger s the administration doing enough to stand up on the world stage? we'll take that own the next hour. is the white house boosting

domestic oil production to bring prices down, but democrat lawmakers say the solution is tax big oil even more. edward lawrence has the report from the white house coming next ♪. ♪ ♪ ♪ ♪ ♪ trelegy for copd. [coughing]

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david: check the markets now. and again the big story is the turnaround in nasdaq but the dow jones industrial average is doing very nicely as well up 300 points right now. that's up to the highest of all of those indexes. again nasdaq was in the red earlier in the morning. it turned around because some big stocks like microsoft, nvidia and some others are doing extremely well right now. and, lauren, you're looking at some other movers. let's start with apple. lauren: apple has come back a little bit. it is still down 1% as i speak. shenzhen, china's tech hub, 10 million people, locked down. foxconn has suspended operations there. let's look at las vegas sands, wynn, melco, look they're selling off 6.8%, 3.8%. macau is imposing quarantine restrictions for inbound

travelers, china has more covid cases than it did all of last year. my interpretation of this, you lock down, you get less immunity, right? david: of course. you can't trust their stats anyway one way or the other. lauren: that too, you have to learn to live with it. that is what we're trying to do here. david: gold. lauren: let's look at some of the gold socks, you see the price of gold is down $22 as yields rise. there is 97-point% chance according to cme group that the fed hikes rates by quarter point on wednesday. newmont is up following gold down. david: nice run-up last couple weeks. lauren, thank you very much. the white house is phasing questions what is being done to boost domestic oil production democrats in congress are looking at their fallback, more taxing. tax big oil companies profits. edward lawrence at the white house. they love to spend and love to tax, lawrence. will this decrease oil production rather than increase it? there is no incentive with a higher tax. reporter: depend who you ask.

may have the intended effect. firm line at the white house they're doing everything they can to get oil and gas prices. the white house press secretary constantly points to the release of strategic petroleum reserve announced. that they're engaging large oil producer around the globe talking about opec as well as venezuela, possibly even iran but now democrats believe they can tax their way into lowering prices which any university economist might tell you you add a tax, it could be taxed on to customers. former president donald trump says just return to his energy policies. >> it's very simple. we have to get our great energy workers drilling, pumping, producing mining and refining like never before. reporter: so, instead senator sheldon whitehouse and representative ro khanna want to impose a 50% tax on the difference between a barrel of oil today and the average barrel

between 2015 and 2019. the bill would give $240 to americans making less than 75,000 a year and $360 for people making less than 150,000 a year. the president has also blamed big oil for price hikes. democrats saying some of those big hikes are because of the invasion on ukraine. >> well, the last5 cents is 75 cents is because of what putin has done, and prior to that what opec done constrained supply. the fact is the united states use as must oil we burn. reporter: petroleum institute says a tax won't work. open up and let the energy industry expand in the united states. david? david: thank you very much, edward. here is stephen schork with more on the price of gas. stephen, we're being told by democrats the rise in oil and gas prices is all because of

opec and russia. it has nothing to do with the change in domestic oil policy from trump to biden. do you agree with democrats or disagree? >> i mean it is absolutely preposterous. we're seeing something that worked just two years ago. the united states was energy independent. we were the leading producer of crude oil in the world at over 13 million barrels a day around we had prices in control. we were the globe's swing producer. now we slashed our production by 1 1/2 million barrels a day and what to do the democrats propose? not to go back to a system that worked, made the united states energy independent for the first time in generations, no we'll not go back to do what worked. we're going back and tax. and what is a tax? is alters people gave i don't remember. you have sin taxes on alcohol, on tobacco, so forth. they want to impose a sin tax on oil this is a small idea being proposed by small people. just go back to what worked just

two years ago. david: it is very simple, if you tax something more you will get less of it. happens no matter what you're talking about. that happens, if you look at the price, we put up the charts what happened since the election. it is no coincidence that since the election of biden, because he telegraphed he would go to war with fossil fuels, we have seen prices go up, specifically from that point onward, not just with the russian invasion of ukraine. >> absolutely. biden's first, nearly first today i, what did he do? xl, bans on drilling on public lands. you say it didn't matter. it sends a signal to the market, you do not invest in fossil fuels. to your point by trump's first year, 4th of july holiday gas prices were 2% lower than beginning of year, including summer gasoline. biden's first year, gas prices were 36% higher, nothing to do with ukraine.

by thanksgiving or halloween, under biden, gasoline prices were up 50%. you want to say the last increment is on ukraine, okay, yes, but come with your policy, not opec. give me a break, not opec. it was 50% due to directly the signal this administration has sent to the industry. david: stephen, he is not only blaming opec and russia, he is also blaming oil companies himselfs what he says is price gouging with no evidence of that. what happens if he goes a step further and calls for price controls? >> oh, i mean, we have textbooks filled wit. we know what will happen with price controls. you will suck supply out of the market. david: shortages. >> take production out of the market what we're doing is handed our energy policy to the birkenstock wing of the democratic party. we have no supply and higher prices. david: price controls always produce shortages, always. stephen schork, thank you very much. surging gas prices are

forcing uber to hike their prices. they're adding a fuel surcharge, how much, lauren? lauren: it is small, 40, 45 cents a trip. starts on wednesday, not in new york city by the way. then they're adding 35, 40 cents for uber eats deliveries. the increase goes to drivers directly feeling at the pain at the pump. how long does this? does this deter riders? will 50 cents question you taking that trip. there was a recent report, the number of rides passengers took in the fourth quarter. it was down 35% versus 2019 but the dollar value of that was down just 15%. that is because of inflation. it is not just uber. i do want to point out grubhub raised their per mile pay for their couriers as well. david: happening all over. for good reason. oil prices are going up. lauren, thank you very much. going through your grocery as little faster than normal? probably because a lot of brands

are selling smaller products for the same price. it is called shrink-flatinon. higher gas prices drive up demand for electric car, with supply chain problems can you get your hands on an ev? grady trimble has the story coming up next. you can't buy love. happiness. or confidence. but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. ♪ ♪

david: check the markets, if you have got the qs you're going wild today. look at the nasdaq down at the bottom of your screen t was negative. then it was up more than half a percentage point. now it has come back to just about flat. it is up a little under 10 points right now. dow jones industrials are doing quite well, up 326 points and s&p up 26. show me the vaccine makers. they are up as much as 20%. this comes as china faces another covid outbreak. they may need some more jabs. pfizer, by the way, says another jab here, is quote necessary.

they're talking their book. thanks to skyrocketing gas prices interest in electric vehicles is surging. grady trimble is in chicago. grady, even if i can afford it, they're not cheap, what models can i actually get my hands on right now? reporter: hey, david, i want to preface my answer just about any ev will be hard to come by right now but here are the models that cars.com says are most available. starting with both models of the chevy bolt, the euv and the ev. the ford mustang mach e. that is of course the electric mustang. the kia niroev and the bmw, id-4. cars.com said searches for evs jumped 1200% in one week as gas prices continued to climb. lawmakers cannot make them fast enough slowed down because of chip shortages like the f-150

lightning and hybrid pickup and some mach e models did. on top of that the average sales price you alluded to is about $15,000 higher than the overall market according to edmunds, but long term the executive editor of cars.com says what we're going through right now could change buying habits in the future. >> the higher the gas prices are, and the longer it stays that way, the more it really ingrains itself in american consumers memories and the more people will turn. so the next vehicle they buy must be electric or certainly more efficient. reporter: and to make matters worse over the past several years the automakers have shifted from more fuel efficient compact cars to more popular and more profitable vehicles like suvs and pickup trucks, david. so even if you're looking for combustion engen compact car,

those are harder to come by now on top of the fact that dealership lots are at record lows in terms of inventory. david: tough time to buy a car. thanks, grady, appreciate it. outraged motorists are blasting president biden at the gas pumps across the nation. not so of what they're saying what they're doing, right? lauren: they're putting these stickers. threat's pop it up. i did that, with a picture of president bite with his fingerpointing a the record high prices we're paying at the gas pump. we're seeing the stickers even in new york city, right? prices are always much, much higher because there are not many stations to fill up in blue new york city. so you're even seeing them. david: growing industry these stickers. they weeded that with kamala too. >> what are we blaming? inflation. a lot of voters are blaming biden over putin. david: we have another one for you, lauren. ford will begin selling, shipping out explorer suvs but

they could be missing chips, right? lauren: they're unchipped. the chip is the rear heat and ac control. ford can't get them. these are supply chain issues. so instead of having all these explorers sit on the lots, they will ship them and sell them, when the part comes in likely in a year, you take your explorer to a dealership they will install the chips for you. these vehicles do come at a discount. i'm not sure how much, a lot of people would say we can deal with not having those rear controls if you give us a couple thousand dollars off the sticker price bass as you know all these cars are going well above -- david: there are ways you get around it. buy supplements. buy rear view cameras. you can get your way around it if you want a car. a lot of people are doing that, buying extras. lauren, thank you very much. an american drone company helping ukraine's fight for freedom by sending them drones. i'm talking to the owner of teal

drones coming up. nothing on nato's door, russia strikes a ukrainian military base very close to poland's border. ashley webster live on the ground in poland with the very latest on that coming next. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. the international fellowship of christians and jews visit indeed.com/hire

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david: check the markets now. the nasdaq is just about flat-lined but look at that dow jones industrial average, up over 371 points right now. s&p is up over 30. this just in, jpmorgan says it is ending mandatory covid testing for their unvaccinated employees. the war is coming dangerously close to nato's borders after a russian missile attacked a military base killing 35 people just 10 miles from poland. ashley webster is in poland with the very latest. ashley. reporter: hey, david. where i am right now, the railroad station about six miles from the polish border, you're absolutely right. that attack on that ukrainian military base was a little too close for comfort for people in this region. let me explain what is going on here. people in this they are waiting for a train to go back to ukraine. people coming off, i don't know

if you see over my shoulder, there are people coming off the train getting out of country. why are the people going back? they just want to get back to their families. it is a very, very desperate situation as we know. we had more than 1.6 million refugees coming to poland out of a total of 2.8. 65% of all refugees have come through poland. it is really a humanitarian crisis in many ways because finding places for these people is not easy at all but i did speak to someone earlier who came here from kyiv and she said her apartment building was right by that television tower that was hit by that russian missile attack back on march 1st. she is now volunteering here helping other refugees. she says she really does want to go back to ukraine. take a listen. >> i was on right side of kyiv. i saw television station was bombed. it was right next to my window.

i saw tanks move from kyiv. yeah -- reporter: you're happy to be here? >> not really. i want back to ukraine. reporter: well she is not happy to be here. she is happy to be safe but you know, so many of these refugees, if they're lucky, they have friends and family, other european countries. they are given a ticket, on they go but so many more do not. an appeal has gone out here in this city and elsewhere close by to minute with a spare room to give the refugees a chance to find a roof over their head as opposed to staying in a shelter. david, there has been absolutely no slowdown in the number of refugees pouring into the border town with ukraine. david: ashley, seems like there are more people looking to go back in right now. maybe just at the that point of the day than coming from

ukraine. has that been happening all day? reporter: it has and it is interesting. the problem is, they have no idea when the train's coming. some of these folks will be on a train ride back into ukraine, it is 11 hours long or more. that comes with its own danger but such is the desire they say. they want to go back. they feel they're in an area not targeted by russia but it's a risk no doubt. david: it is indeed. ashley webster. thank you very much, ashley. thank you. teal drones has been just awarded with a big contract with the u.s. army. their founder and ceo joins me now. george, you're sending american-made drones to ukraine? explain. >> lau thank you for having me on, david. we have couple announcements. drones in category within be unof the most i am pathful technologies in this war. there is huge need for ukraines

for this purpose. the chinese drones they can't be trusted used by allies. they have a backdoor the russians can use to track the drones in the airspace. that is really dangerous in a situation like this when the ukrainians use them. so ukraine obviously need fully secured drones built for defense and cannot be tracked. teal is one of the only companies in the world that is able to provide that at scale now with its technology, manufacturing and resources and have no doubt that the technology will help save a lot of lives. so we're moving as fast -- yeah. david: george, sorry to interrupt but we have seen turkish drones used by the ukrainians to attack successfully a couple weeks ago. there was one attack, i think we may be seeing it, we may have the video. we'll try to run that. but it attacked an air defense missile system that the russians were using. you had not only one explosion but secondary and tertiary

explosions. what do your drones do that the turkish deans don't do? >> absolutely. there are a few different ways to think about the different categories of drone. that is the larger version. we specialize in the smaller version more designed for reconnaissance. when you think about a war like this, it is absolutely critical to have situational awareness of what is over the next hill or around the next corner. and that is something that typically has been use and been done by those chinese dgi drones which, as i said can't be trusted. so we're moving as fast as we can to deploy as many of our drones as we can to ukraine. we have another big announcement today. the u.s. army just selected and awarded another contract to thiel out of more than 30 companies to develop the next generation drone to compete for production contracts worth hundreds of millions of dollars. parallel we'll continue rapidly scaling our current product, golden eagle for all the

immediate needs for america and its allies. david: extraordinary, george. i have a personal question, to ask, how old are you? >> i'm 24 now. david: wow, 24. you have a company playing a vital role in this process. thanks very much for being here, george. >> thank you, david. david: still ahead, the mayor of ukraine's second largest city, kharkiv is with us live. larry kudlow is with us as well. also rachel campos duffy. the 11:00 hour of "varney" is next. (fisher investments) it's easy to think that all money managers are pretty much the same, but at fisher investments we're clearly different. (other money manager) different how? you sell high commission investment products, right?

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it inspires us to go further. ♪♪ it has our back. and goes out of its way to help. ♪♪ when you start with care, you get a different kind of bank. truist. born to care. >> at the end of the day thewhis last distinction and so obsessed with what will escalate with food, we need to have him afraid of her escalation. we need to drive the agenda. >> i don't know why the white house thinks americans are so stupid and with the inflation, we know that inflation started a long time before that. >> is a time for clarity and leadership in joe biden this

administration are not providing for the u.s. or the world. >> i move a motion that's fundamental tourist commodity investors that importantly could set up to get burned. >> they will raise rates, i don't know their next move, it's a wildcard at this point. frankly i think they should hang up a sign as they were out of business we fail and. david: 11:00 a.m. on the east coast monday march 14. i'm david asman and for stuart varney. we have a rally going on in the dow jones industrial average. it's a healthy gain on the s&p up 39 but the dow jones industrial up 416-point the nasdaq started the day in the negative and then came positive and it's barely flatlining but above that they gain in the dow is impressive on the bottom right hand of your screen. oil is coming down very strongly it's about $8.85 to be at

$100.48 for a barrel. the yield on the ten year is popping it's up well over 2%, 2.1% yield on the ten year period breaking the new york fed just released their survey of consumer expectation, one year ahead inflation expectation increased. to 6% in february, that matches the 2021 series hi but again the fed has been off on expectations paid the price of gas stands at $4.32 a gallon of regular up 25 cents from a week ago. let's bring in larry kudlow. good to see you, the energy inflation began, that's be honest on the day joe biden was elected. we knew what he was going to do we knew he was going to be

attacking domestic production. he said as much on the campaign trail and now he's blaming russia and oil companies were inflation. you think you get away with that? >> no i don't. whenever he plays the blame game his polls go down. people understand the dishonesty and the falsity of the analysis. he had a couple of things going on it was clear from the beginning he was going to shut down drilling, production and maybe most importantly pipelines, that was very clear when he killed the xl. the other thing let's face it the so-called rescue package in march of 2021 a year ago put that into deficit financing and excess demand into the system and the federal reserve accommodated it, they did the underwriting and they printed more money than we've ever seen before, they are still doing it by the way and by the way

congress is still spending money one and a half trillion, no pay for his in the so-called ominous bill. and too much money chasing too few goods we started the inflation rate of less than 2% with donald trump left office, it's been rising ever since way before vladimir putin. david: larry, you haven't heard the new form of economics from nancy pelosi, she is a new approach to economics, i just want to play and get your reaction, rotate. >> i'm sick of the stuff. we have to talk about it, the american people think the reason inflation is because the government is spending more money, simply not true. >> when we have this discussion it is important to dispel some of those and say his government spending, no it isn't for the government spending is doing the reverse we do see the national debt, it is not inflationary.

david: spending more money by the government is reducing government debt, what do you think of that? >> i love it, i just love it. it's a whole new idea for economics. i need to study it more, what is see some follow-up from her staff. i think it's a fabulous idea. some honest democratic economist who are friends of ours like jason furman and larry summers and so forth put the lie to that. that's nonsense, that's a reason why biden's economic polling is in the mid to low 30s. russia invades ukraine late february, that is because the spike in world oil prices and gasoline prices. i'm willing to concede that. the trouble with the biden, they have at niesha about the 12 or 13 months prior to that invasion

which is where the inflationary seeds were originally planted. he's not going to get away with that. >> the bottom line, they don't seem to be turning from that point. they continue to put forth the spending packages and get as much as possible through, they cannot get bbb, you pretty much killed them joe man she didn't specifically but your killed the bill worked but they keep trying to put through spending and sometimes republicans come with them they had a china bill, explain what's happening there a lot of republicans signed onto. >> senate republicans did, absolutely at that point was 250 billion. all that is is to outshine in china with corporate subsidies and corporate welfare and industrial policies, the state, any state in any government and

any central planner will not create the technological invention and innovation it takes for breakthroughs and things like artificial intelligence and 5g and whatnot in other areas. that is a mistaken bill it's terrible it's a giveaway, you can go back two or three or four days ago the house passed in the senate passed a $1.5 trillion discretionary onto the spending bill. i am in favor of the defense portion of the bill. i'm in favor of ukraine assistance portion of the bill. i'm also in favor of getting the polish jets into ukraine but i'm not in favor of rapidfire 7% increase in domestic spending and nobody really stood up and talked about the pay force. i did not hear the word pay for once last week. that is too bad because both

political parties have got to understand that deficit finance overspending accommodated by the federal reserve money creation is the ultimate cause of the inflation. inflation is not over. i don't think we've seen the peak in the inflation. that's not forget the regulatory octopus that is destroying our fossil fuel industry. the adds to inflation. i don't think this is going to end well. were sitting here i don't think this is going to end well. david: have to in the segment we ran out of time but i wanted bullying nancy pelosi economics to my home where i spend more and not pay for it. it is a great policy but you can see the octopus if you haven't seen that graphic that they're using on "kudlow" you have to tune in just for the graphic alone, it is beautiful, "kudlow" weekdays 4:00 p.m. including

today and larry will be there, pleasure to see you, thank you for joining us. a new abc news poll shows americans remain critical, biden's handling on key issues on inflation. 70% disapprove of all of his new economic way of describing the world works while 51% disapproved of the situation with russia and ukraine and 77% did support banning russian oil imports rachel campos-duffy joins me now, we always have heart for those who are in need. right now the ukraine's are willing to take some sacrifice but they will not believe the subdivided administration is coming out with the only reason for higher oil is because of ukraine they know the prices were going up long before the war started in the american people aren't stupid and he may

be able to pass off a little bit of the blame on to putin in certain he's a building right now in the country, people are definitely filling that that he is not going to be able to pass up these policies and the disastrous results of them on to putin. he owns that these are democrat policies that they have been wanting to enact for a long, long time he's part of the obama administration the said we want energy prices to go up so everybody most electric and then this week you hear them talking about electric. >> i don't know if you heard pelosi but the fact that the government spending is reducing the government debt, they have this way of describing the way the world works in the world does not work that way but the policies that are directed in that direction. you end up with disaster, that is why were in the situation that were in. >> i sure wish it worked like

that and i could spend and that meant i was saving it does not work that way i want to talk about oil, these pullovers were the interesting. listen, here's the deal america the beautiful is blessed with oil, america's want us to use the oil it is cheap in abundance, it provides good jobs and guess what we know it keeps us safe we are energy dominant. a national security issue in buying oil for people who shout death to america is not the way to do it, we need to get her own oil and energy we are blessed with it, use it. >> we proved that we could do it we have energy independence, rachel campos-duffy, great to see you, thank y for being here. lauren, then your following movers look at the moderna. lauren: up almost 18%, the first

patient in hiv treatment trial using the mrna technology. after covid another use case for mrna. we will need a second booster that continues the revenue stream within the pharmaceutical, you might not want to if you're the patient. if you're in the pharmaceuticals good. young brands down 2.5%. the same-store sales down 20% the first two weeks of march that was before the latest lockdown. david: oil copies? >> are selling off oil prices are down sharply but listen to this exxon, chevron, conoco 66 may allow shareholders to vote on proposals to determine if they should be a missions target set out in the pierce accord, you just talk about oil prices, this is a test of the activist investor the shareholder willingness for new pollution amid record high gas prices, these companies are in a straitjacket when it comes to

appeasing the activist investors, they do not want to touch oil and gas. shareholders do not want to go into the oil company. david: thank you, we appreciate it, people are lining up for covid test as china faces the worst outbreak in two years. we have the report from china and kharkiv has been bark bar bar banded with attacks. peace talks are positive between russia and ukraine. we will bring you live to kyiv with an update next. ♪

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>> we are communicating directly, privately to beijing that they will absolutely be consequences for large-scale sanctions invasion efforts to support russia to backfill them. >> that was the state department representative this coming after russia reportedly requested military and economic assistance from china. that was jake sullivan meeting today with his chinese counterpart in rome, let's go back to ukraine, trey yingst is dead kyiv. russian forces appear to be preparing for a new attempt to take over the city, what more can you tell us about that? >> absolutely a few moments ago sirens were sounded throughout the city as those layered in the distance that russian artillery

continues, they're trying to hit kyiv from the air in the ground to isolate the city and so familiar across the rest of ukraine starting to play on the capital firefighters rushing into a building after russian shells slammed into the apartment complex killing two people and injuring a dozen others. also this video shows you a public bus that was hit with a missile or shell something slammed into the ground on a sidewalk at the ukrainian capital, this is what the ukrainians are dealing with we see the destruction across this country in the southern city of mariupol, these images showing black smoke rising up from the horizon and it really looks apocalyptic. amid this civilian population that is trapped the deputy said at least 2000 civilians have died since the seas on the country and specifically that city has begun and unfortunately we bring you tragic news of a

woman a pregnant woman who was taken out of a maternity hospital in the southern ukrainian city. the associated press reports she has died. he gives you a sense of the most vulnerable people trapped amid this conflict as the russians continue to inflict terror on the civilian population and ukraine. david: it is awful. i appreciate that we want to bring in the mayor of kharkiv. i want to explain that working to be operating through translator since you don't speak english. first question when you see what's happening in kyiv although it's been leveled how long can you hold out? [speaking in native tongue]

[speaking in native tongue] >> the destruction is enormous especially in the city it is a very difficult situation. we are defending our city and the russian forces every day have strikes for city. it's obvious strikes, artillery

and bombings that could be used for today. our army is strong we are defending and we will defend our city as long as it will be possible. david: mayor, what do you need. [speaking in native tongue] >> first for us is to close the

sky in president zelenskyy is the most important thing that we need now. the strikes are going on every day in his multiple injuries, there is residential area destroyed now people are without houses and homes this is a very difficult situation, the first in the most is to close the sky over ukraine. david: i have to ask do the people still have the fight within them against the russians or are they giving up. >> the army or the people. [speaking in native tongue]

>> the people today are not supporting any russians there is no russian aggression the people are defending their safety and they have a very strong theory to fight against what is going on today and ukraine. david: i thank you very much for taking the time just know the whole world is praying for the ukrainian people right now. [speaking in native tongue] david: thank you so much for joining us, thanks to the translator as well. the mayor of the second largest of the in ukraine. ukraine's president zelenskyy is

calling on software giants to stop supporting the products in russia, what is he saying. >> specifically naming microsoft oracle and sap tweeting half decisions are halftones there is only black and white good or evil you are for peace or support, the blood he russian aggressors to kill ukrainian children and women he said stop supporting your products in russia and stop the war, don't stop new business as some of these have done, stop everything in all aspects to software in support of it. >> big crowds, no masks, things look back to normal at the sxsw festival in texas. why is one reporter calling it depressing. we have that story in former treasury secretary larry summers thanks high inflation could drag on to a few more years, stephen moore takes that on next.

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david: checking the market nasdaq is in the negative as you can see it is down a half a percentage point, look at the dow jones industrial 333 points,

susan you have market movers, let's start with apple. >> it is underperforming to make it lockdowns and silicon valley home to 17 and a half-million yet overnight lockdown no warning so apple could not shift any of the simply. as you know the iphones a majority of them for the chinese market as symbols in the slant, and then it shuts down to lease sunday. you also have other chinese stocks and panic selling, the inaz ondna ohe tli b hein tinin j dotot vilaesla. ye>> kasl>>onelus m sk e eltriaarnt and spexmmotseoto tig h pr es a nfonitonh sign icgnt iccet ceonlaon presprsuatials aialsnd stgigi moingin..twitterererer thi >> he t the t placef o domp.

>> is >>taki>>ta a of put p re b y challgingut thehe sile com ct, steak sak ukraine, who do you think will win that showdown. david: who knows. putin is very broad in the wilderness, i want to show you tom brady comeback trade today, you shocked football fans with the tweet that is coming out of retirement after 40 days he realizes places still on the field. it shocked me, did it shock you? >> not so much i thought he was going to come back. >> good for his endorsements like curtain underarm, a pretty lucrative deal with crypto exchange and a billion-dollar autograph both of those are private, look at the rally for brady back on the field come back. >> pretty good, i like that, let's bring in stephen moore, i

want to talk first about janet yellen who is now saying inflation wasn't real and it was transitory, now she says were stuck with it with a full year. i don't buy anything that she says anymore, deal? >> let's hope she is wrong this time, another year of nine and 10% inflation would be devastating to the market consumer. and the american family, i was looking at these numbers of what's happening to the median family income in its folly now for the last six months, wages are up but they're not keeping pace nearly with the rate of inflation. we may see the biggest family income in ten or 15 years this year if these trends continue. david: is not just income it is savings. think of the folks who have 401ks and hoping to rely on them and see the value of their entire portfolio. even if they had cash, they are

see the value of their portfolio go down dramatically. >> your exactly right, think about this if you invested in bonds and getting a two or 3% return and you have eight or 9% inflation, your savings is being eroded. this is a very significant negative for the economy and the big question now that economists are asking, will this crash land the economy. i saw my good friend larry lindsey is seen a 50% chance over the next six months. david: what do you say? >> it is tough to say on so many unknown variables like what happens in ukraine, i will say this, i looked at the last six episodes of very high inflation and very rapid increases of energy prices in four of the six episodes the economy did crash and we landed in a recession. hope that does not happen this time there is still time to get out of it years the other problem can you tell me i cannot see it what is the strategy by

dividing the administration to bring the inflation rate down, i have not seen it for nine months. >> spend more money. >> you saw that quote from nancy pelosi over the weekend. david: she went beyond that she said government spending is reducing the debt, she went beyond that. >> the more that we spent the last inflation that we have which obviously is the opposite. >> only way to kill the inflation is to get interest rate above inflation, you are not going to get there with quarter% interest rate gains. >> i agree, you and i have been talking about this for nine months i have been arguing, the problem with the that gets behind the curve like they are right now, you are exactly

right, quarter rate interest rates are going to do it because of continuing to be behind the curve. i do agree i agree with larry summers of all people that this inflation is here to stay for a while. >> larry summers and steve, but to democrat saying the same thing. >> i'm coming out of retirement i would make that announcement. >> good to see you, thank you very much. more brands including doritos are falling victim to shrink station, take us through this. >> same price less product. doritos five fewer chips, i'm not sure you will notice that when you add the p might notice that your money is not going as far. sharman 20 fewer sheets per roll, smaller toothpaste tubes from crest, gatorade is japanese for altus and ziploc for fewer bags along list that you looking at, your dollar is not going as far. david: were on the game that

they're playing but it's happening all over. inflation is killing everybody. social media break down in tears as russian bands instagram those influencers are now facing major backlash we have that story south by the nation's biggest tech festival is underway in austin, texas, were ticketed like to silicon valley in the south coming next.

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david: nasdaq in the bed, the dow has a very sizable lead, nasdaq is over half 8% and the s&p is in the green as the dow

is up 14 and half breed this ceo at pfizer said the fourth covid shot is going to be necessary president obama fully asked in double boosted tested positive. so much for mainland china 0 covid policy, they are facing the worst covid outbreaks in the height of the pandemic in 2020. the city has suspended public services and having employees work from home. while shanghai is closing down schools. i reported for the washington post with vasquez clouds at the sxsw, lauren, then. >> taylor the rent, seen everyone indoors totally unmassed and crowded together at events and parties, when will they be safe for those who are high risk invulnerable to be

dissipating events. the answer is never were living with it. southwest is providing a negative covid test. probably as safe as you're going to get to return as fast as possible. they're making a lot of money off of the vaccines. david: thank you very much, kelli o'grady is at sxsw. many of the big companies have left silicon valley like texas, how is that impacting businesses there. >> texas is booming if your tech company and entrepreneur, i am here with the block chain web three company exhibiting sxsw. sxsw back at the beginning of the pandemic this is one of the

first major things to shut down its back after three years, you can feel the energy and look at all this cool stuff, texas is quite different since the last time they were here 250 left california from june 2018 to june 21 pre-many of those like tesla, oracle, hewitt, hp texas was the number one place to go with 114 companies relocating to the lone star state. we spoke with marty walsh and he think the reason is talent. >> at least the companies i talked to they're going to certain areas elicit talent in the recruitment of talent. >> during the pandemic, and companies alike. the lower cost of living in no state income taxes the big drop. texas is the number one entrepreneur friendly state.

the festival continues with tech, film, music leaders are coming together and they could snag that title. staying in texas blue origin jeff bezos is gearing up for the next launch for the "saturday night live" star, pete davidson is going to be on board the space by the march 235 other customers will spend a few days training at jeff bezos texas ranch before the trip at old navy and space for just a couple minutes. show me the dow 30 stocks to get a sense of the market, it looks about half-and-half but the big time stocks are the ones pushing the dow well over 200, came down it was a 300. it is now 238 points. amo.com just donated 1 million rounds of ammunition to

ukrainian military, and most chairman and ceo joins me next. and it's easy to get a quote at libertymutual.com so you only pay for what you need. isn't that right limu? limu? sorry, one sec. doug blows a whistle. [a vulture squawks.] oh boy. only pay for what you need. ♪liberty, liberty, liberty, liberty♪ stuff. we love stuff. only pay for what you need. and there's some really great stuff out there. but i doubt that any of us will look back on our lives and think, "i wish i'd bought an even thinner tv, found a lighter light beer, or had an even smarter smartphone." do you think any of us will look back on our lives and regret the things we didn't buy? or the places we didn't go? ♪ i'd go the whole wide world ♪ ♪ i'd go the whole wide world ♪

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david: they lost a little bit of steam, still over 200 the nasdaq not so it's taken a turn for the worse is donna full percentage point to 12717. the s&p is up but just a fraction it's pretty much flatlined now show me deutsche bank at the big time they announced they would be pulling out of russia and this follows the lead of other major wall street banks. we just learned they are the pharmaceutical company is pulling all nonessential businesses in russia and belarus. they are following suit as well. ian instagram has gone completely dark in russia. give us details. >> 80 million russian instagram are in the dark moscow being in the service after the owner allowed ukrainian users too post intervention messages. some russian influencers are

being torched. there complaining, crying at times on camera that they can't access the app when thousands are dying in the war, we will show you one of them, karina she is warning that half of her income came through instagram advertising and now it's gone pre-devastated she's losing her page and she will have to reinvent herself. what about the refugees. you have to reinvent themselves to a half million and counting leaving everything that they knew. david: there's two sides to this a lot of people want to shut down anything in russia but it does give people inside russia chance to protest which they could go to jail for ten years for being in the streets, there are two sides. >> into get some real news of what's really happening because they're being blocked.

david: the ammo inc. has announced they will donate 1 million rounds of ammunition to ukrainian armed forces, fred is the emo and chairman ceo and he joins me. what made you decide to do this? >> first it was democracy and freedom of what i saw on tv and what president zelenskyy said i don't need a ride, iddm and the board of directors said let's do something about this trade we shipped a million rounds over. it's been sitting in europe for ten days now and waiting on the proper paperwork to cross the border. david: how do you get it in, i'm sure you heard their bombing supply lines not distinguishing between amo and humanitarian aid it's a difficult job to get anything inside of the country right now. >> is a very secure place and we

have the proper people to turn over to the ukrainian military defense people and that's what happened momentarily. on my last call this morning. >> what are you hearing from the folks inside of ukraine? >> it's a terrible situation and they need all the help that they can get. we had an overwhelming influx of e-mails and money coming into our company to support the ukrainians. we turn already care.org. as you watch the news it is heartbreaking what you see what's going on. david: it's not just ammunition there's all kind of materials that they need inside of ukraine. some of it humanitarian and some to fight the russians. i assume you are in touch with a lot of arms manufacturers around the country. have you guys been working

together to try to break through into the ukrainian freedom fighters? >> i have not but i heard other competitors are donating ammunition and supplies. it is important for this country to help these people. it is terrible what is going on and we also own a company called gunbroker.com. we have 6.8 million users and growing at 55000 users a month and all of those people that sent notices to support and send the money and all the money that they can to help this cause. david: a lot of people have been asking who heard what you're doing whether your ammo is compatible with the weapons that they are using in ukraine. do you know details on that? >> the first step we took what kind of emo do you want and it was 762 because they use ak-47s

and that's the ammo that we supplied. david: the emo does work in those weapons, they will be prepared? we are losing you but we thank you very much for being here and the work that you are doing. he is the ceo of the organization. it is time for the monday trivia question. how many countries observe daylight savings. we had to wake up what felt like an hour earlier read 60, 70, 80 or 90. we will have the answer right after this.

. .

david: before the break we asked how many countries observe daylight savings time? lauren, do you care to take a guess? >> 70. number two. david: i would say 60. i think less than that. see what the answer is. 70, bingo you got it. most americans lost 40 minutes of sleep when the clocks changed. work place injuries jumped by 6% in the monday after the springtime change. everybody is getting the sleep out of their eyes. tom brady, that was interesting news, lauren. lauren: i know. david: last football of the last game was auctioned off recently. tell us about that. lauren: that poor person who bought the last football he threw for 518,000. david: whoa. no longer last football. lauren: you said you expected

that to happen. david: i had a feeling he would come back. lauren: 44. seems to come to terms with his decision just like that, about face. david: we got to get back to ukraine. one of the things that surprised me about trey yingst report, the fact so many people, ashley in poland, he noticed so many people going back in. actually more people today going back into ukraine than coming out. lauren: it could absence of nationalism. could be a sense where do they go? poland has be a socialed so many. now you have airstrikes at that border. where do they go? many of them are going back into ukraine. i feel so terrible, everything that they lost. remember that picture of the pregnant woman who was involved in the missile attack in mariupol? she has now died. so did her unborn child. when you think of that, you see those images, you say what a monster putin is and what's going on right now.

day number 19. david: markets surprisingly or perhaps not are up for their own reasons on the dow and the s&p. nasdaq is off a little bit. again it was positive earlier but it is off a full percentage point, a little less than that but pretty much down on the tech stocks but again dow jones and s&p are up. the markets have their own reasons, neil cavuto. neil: you know it varies on the day, the hour, even the minute, but you're so right, david, they follow a logic of their own, not that they're always prescient about things but in the moment, right? in the moment. david: you got it. neil: look where we stand right now. there is a little bit of excitement over the fact that oil prices are coming down here. for a while we were touching under $100 a barrel here. as we look at the industrials here, buoyed by a lot of that. we have crude oil 101.59, taking a look at the contract here. the fact of the