realize types of immense pressure, the words become legendary and repeated for generations and i think some of the things he sing right now is leadership will be remembered for a long time. >> strong doesn't mean brave or big, that's one quote. thank you both so much. stuart varney is up right now good morning to you. what is america prepared to do to help ukraine control for size? look at this, video from : showing what's believed to be an american, patron battery pointing. the battery would be a big help to ukraine. an atrocity reported overnight, russians found, 1000 people were sheltering from our work painted on it and it was bombed anyway. another atrocity, will just shut

up abruptly killing ten. nk from a court of counterattack magic on ukrainian fighters trying to prevent and circumvent in custody. in washington, the president labeled putin as a war criminal. in moscow, putin calls any russian was critical of the invasion from traders who should be spit out like flies caught in the mouth russia he says needs to be cleansed. that's the war, more on that later. money, wall street paying more attention to the federal reserve, jay powell confirms that, great depth a quarter right now six more hikes to come. the dow will be done about 100 but was upped 500 yesterday. s&p will be down about 19 put up 95 yesterday. the nasdaq of 3.7% yesterday, back down 91 points as of this morning. you have the price of oil back to $100 a barrel, interest rate

or the got elevated levels from giving 2.1. 6% as of right now. the show today, "wall street journal" asked, why not victory in ukraine? let ukraine loose the skies and putin loses success the journal. local fighters routed the russian economy we prep the story. thursday march 2017th from vardy and company is about to begin. ♪♪ russia fonda theater in mariupol despite signs that children shall think in side. >> rescuers are now calling through the rubble of the theater where women and children had been sheltering underground. a bomb shelter.

russia denied even striking it but if you look at satellite images, they show the work children marked right outside. and then we have this russian intelligence assessment russia largely stalled as the war is in its fourth week, ukrainians defense very strong picking out seven russian helicopters and planes, counteroffensive in kyiv, and reports of a fifth of the russian army has been killed or wounded. one fifth, 28000 soldiers. ukraine's reported ukrainians defense has been impressive and they do need more help. stu: that's from the bricks. good to hear. look who's here now, carl broke here in new york city, great is the. >> great to be here. stu: it seems putin is losing this war. >> and many respects he is, the expectation it was a matter of days before he would decapitate the regime and take kyiv basically he control the country

and we are on day 22 he's installed, he's also lost the battle for the company and in the west, he popped the west was week and he's rallied the rest unintentionally onshore, nato is stronger, germany flipped on funding, the swedes and finns are talking about 20 nato swiss are grabbing site helps of russian oligarchs, did we think would see that? consequently, you lose the battle for public opinion in important ways inside russia itself. earlier on he had mike mccall, the official u.s. estimate as 7000 russians have died and other estimates are higher, that's more lost in 21 days and we lost in afghanistan, and iraq in 20 years. imagine the body breaks coming home and worse, russian families, the notice your son or

daughter has died we don't have a body. stu: i see a lot of pressure on president biden to let ukrainians could control the skies. that's why we went with the patriot missile battle in poland, a real used to be ukrainians. >> probably already as part important reason for patriot batteries have long-range radar and i would suspect they are emanating now and cracking russians in the information is fed to ukrainians so we are doing it. this may help in the poland have as 300 russians made anti- aircraft measures that a number of countries and the sickness the united states, if you got in as 300 you are willing to give to the ukrainians who are willing to operate, we'll put batteries in your country or transfer them to you so it's an important move, a very big deal.

stu: where do republicans stand on this? are they united with the president or what? >> united with the president when they can get him to move that direction. an interesting thing, bipartisan cooperation between republicans and democrats forcing the president to do things he was not inclined to do are slow moving on other it sanctioning oil and gas, stopping the purchase of russian oil and gas and so forth, all of us, congress has been ahead of the president, thank god because they have dragged the president with them. most are in support of the president in ukraine, north carolina, florida, a couple of libertarians but a small minority in the carcass particularly stupid in some instances going zelenskyy a five and repeating it after he shut up halfway through his speech yesterday, how discourteous is that.

stu: out lies, thank you for being with us. we've heard from several economists say recession next year, 2023, goldman sachs, the latest hitter to come out with a recession. >> 2235% chance we hit a recession in the next year as inflation, stagflation) the economy. gdp at 1.75% at the end of the year and federal reserves, full percentage points about that, among the many thanks talking about this risk of recession, when does it hit? hire cycle interest rates continuing to grow up, can we not handle it? what we needed because prices are too high? stu: inflation at 10%, six interest rate hikes, dumped tommy that has no effect on the economy, that's got to slow down, that's my opinion.

let's check the markets again, i see red but not that bad, nothing like the green we saw yesterday brian strikes me this morning, six hikes from perfect, what does that do to the stock market? >> good morning, happy st. patrick's day, we've proven through our work that stocks should grow up alongside interest rates when the fed raised rates because the economy can stand on its own, i what these other banks are listening to but i think the fact smartest person in the room so i think we have to continue to believe that. you also heard him talk about his projections for the fed was inflation would begin to peek late in the first quarter, now working pushed that out. that is where we stand and we saw month over month so the

trends are already beginning to do that so i don't know how anybody can look at a recession in 2023, i think recession happens once and if we begin to normalize and i think that's two or three years out for mass i think the u.s. remains the world reserved currency, stock market with the world reserve bond market and that's why you seek a counter cycle moving funds. stu: efforts ask, we seek video of atrocities almost every day from ukraine, very emotional stuff, what impact, if any on the market? >> great question, it's interesting, the market seems cooper fixated on inflation even though oil prices that pull back up against the day but i think the market from odessa high likelihood increased bad news from the war in eastern europe

could have an effect on fonts in particular, we could see a bond rally as people come back by bonds for safety especially if we get back news, i certainly hope and pray that's not the case but at the end of the day, bonds has been a safe haven and the reason the stock market is going up is because the u.s. is the best market in the world and continue to see investors european stocks and investors in emerging market stocks come back in the u.s. and canada for that matter as well. stu: must affect, or many of our viewers are 4o1k people and most of our viewers have just sat tight and there's not by much, they sat tight. i think your terms, plus the right thing to do, right? >> very much we have the best companies in the world and you should be using these to buy the best companies in the world

rather apple or bank of america or morgan stan lee or target, these are the best companies in the world and you should be accumulating thanked because they are not going anywhere. stu: usually belsky so is bullish, thanks again, we'll see you soon. check the futures, quizzes have the market was open, down a little after yesterday's very big rally at the table for cap, too. the white house says no-fly zone over ukraine is still a no go. rotate. >> no-fly zone would require implementation, potentially shooting down russian planes, fatal shooting down russian planes and are interested in getting to world war iii. stu: the u.s. is sending reference and weaponry into ukraine but how do you get into the war zone? cia station chief. look at your screen, which on

your left israel, the one on the right is a deep fake of ukraine zelenskyy surrendering to the russian that ever happened. this is the new digital battlefield. we'll show it to you. ♪♪

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why we seek russian forces digging in, a rare release of video from the russian ministry of defense and because of that we get a look at what the russians are doing, at least what they are willing to release about what the russians are doing and shows russian armor digging in two defensive positions, you see a checkpoint in the video, at one time for the russian apparently his dog and with berms and lugs surrounded, it doesn't mean they are ready to roll forward. we brought all these reports about vladimir putin throwing tirades behind the scene unhappy with the progress. what we have seen is a bit of vladimir putin's anger come forward talking about russian people who moved out of the country now opposing the war. >> many people and even more russian people will always distinguish true patriots from some traders and spit them out like a flag that flew into the mouth, hit them off.

i'm convinced unnatural necessary think society will strengthen our country. >> chilling words from a cleansing of society. yesterday we told you about the theater used as a bomb shelter rate in russian was the word children indicating women and children were saying about particular bomb shelter, i took a direct hit anyway. the update today is people are getting out of the bomb shelter, rescuers made it through the theater, cleared debris out of the way and remarkably what we are hearing is no casualties. stu: some good news. thank you so much. i'm going to put on the screen a list of the weapons on its way to the ukraine order by president biden. a long list, a lot of equipment. former cia station chief dan hoffman joins us now.

that's a lot of equipment, how did we get into ukraine from fly in or drive in? >> a lot of equipment for short and the united states and nato member partners have rat lines and so far at least we are still able to get the equipment in through the west, one recent vladimir putin launched the attack on a military base near lviv last week was because he's trying to interrupt supply of military equipment to ukraine keeping ukraine in the fight. stu: what about this patriot missile battery spotted in poland? we got a videotape of it. i am told got long-range radar that could be used from poland to look up the russian air force and what they are up to in ukraine, radio message to the ukrainian air force and take action against russian planes. that would allow ukrainians to dominate -- or have big influence on the skies.

>> that's a part of our overall intelligence collection, we do a couple things in the intelligence community, is strategic on vladimir putin's plans and intentions as well as state of mind, we got a glimpse of that in the video released that you showed and we do a lot of tactical intelligence collections not just from the patriot missile batteries but throughout the intelligence community to determine where russian forces are deployed and whether vulnerabilities are and where threats are coming in, ukraine including mercenaries targeting president zelenskyy to find its location to kill him threats full throttle effort to support ukraine militarily with our intelligence and we got price on the ground exposing russia's attempt to distort or literary the truth of russia's barbaric invasion and deliberate targeting. stu: the patriot missile, could

this be a game changer? >> i don't think it's a game changer by itself, we need thought ukrainians more air defense and x300, the make fighters from a resident zelenskyy was eloquent yesterday invoking our own memories of paul harvey harbor, that's what's happening ukraine and we are not doing enough. the package you highlighted is important but there's more to do and the biden administration in our intelligence community, how well they respond? what happens if we don't? what happens to the ukrainian forces? where out a seminal moment where as you noted, ukraine is fighting back, russia bogged down and we need to demonstrate ukraine can win this riser fear bottom improving may escalate to win. stu: artichoke you something, a deep fake of president zelenskyy vowing to russia's demands, facebook matter has its

identified and remove video, is this the new digital battle battlefield, fake to throw your opponent off course? >> my read, it's not all that sophisticated and i think it reflects russian concerns they are losing the information war. president zelenskyy is a great communicator, president reagan had hit own background as an actor, president zelenskyy knows how to deliver a speech, he's using images and video he showed at the end of his of russia's atrocity and speaking so eloquently about his countrymen and women taking up a fight against russia and russians are concerned and they underestimated ukraine's will to fight and let's keep ability as a leader. stu: thanks very much, see you again really soon. yesterday we showed randi

weingarten holding a ukrainian flag upside down, she leaves the teachers union ballots like another big cap. >> here is that sweet, we stand with ukraine from hoops. the tweet was taken down, he saw the voto of the upside down ukrainian flag which was also taken down should be blue or yellow in the sky the critics are saying the teachers union if to the five what they've done to education in the past few years. stu: exactly what i would say you just real fast and take you to the opening bell shortly. we see red ink on the left-hand side but nothing like the huge green rallied we saw yesterday. back in a moment. ♪♪

to the market briefly, that will be down 140 points at the opening bell, nasdaq.about 76. a lot of the people who watch this program have their 4o1k and most of them i think have not done much with their portfolio, they've just cap typed throughout this volatility.

in your opinion, is that the right thing to have done? >> for almost everyone must you need the money really soon and the next month or year end a half, i think that is the exact right thing to do. imagine what would happen if you polled about in 2020 during the pandemic and you miss all of the recovery so i think if you have a longer time many years two decades then you want to keep your money in the market while having bit of turbulence. stu: okay, i'm hearing a lot of people say which is coming out of the pandemic and going into a major war, not going into it because a major work going on and when you have things like that back to back, he should think about changing your portfolio because the new stuff that's going to be good are coming months and years different from the all stuff you did so well. what you say to that? >> i believe this budget truth

there, a lot of the things down in this long-term low-inflation environment in a decade is going to start moving up, we've seen things like commodity all across the board whether oil, grain, all of this is going to be things moving up over time and i think rebounding portfolio is a great idea but i think some of the leaders are going to remain leaders especially on the tech side. stu: you're talking about microsoft and maybe amazon, apple, they are going to still come through pretty well? >> amazon how to could pick up gastric with what they announced before, microsoft in a phone interview the 24th of february, you asked me if i would buy it and i said absolutely fired on the tip and it is up since then though some

of the big leaders are leaders for a reason because they're still growing revenue still will grow revenue, a lot of turbulence on the geopolitical side but i think you've got to use the time to buy the stocks on the drop. stu: thanks very much. there ringing the bell and here we go. i am wearing a green tie, i know it looks blue on the screen. it's green. we've open trading act down one time on the dow industrial, one third of 1% and a lot of it, three quarters of down 30 in the right. s&p 500 on the downside, 14-point slope, it was up 95 yesterday. the nasdaq, which was up 3.7% yesterday is down a half percentage.this morning. big check on the downside, red

ink across the board, microsoft, apple, amazon and meta platforms down. show me netflix because i think they are trying to extract more money from their account holders and charge people who share accounts. >> and some countries, yes, it is a test, not the u.s. yet. ninety-nine cents if you give your account to someone who doesn't live in your family. they can use it if you pay them $3. cheaper than buying a new plan. the reason is you are a freeloader and you impact our ability to invest in great contents. most-watched show is coming out soon, there's talk instead of giving us all the epithets at once to binge and then cancel our subscription, netflix might release them by episode or week by week. stu: netflix pick that out, somebody people do share the password, loads of people, myself included.

[laughter] tesla raising the price, why? that was the cheapest of author models so what will it cost? >> 47539 u.s. dollars after an increase of 2300, cap the first price increase, elon musk has warned about this and the china fauci shut down for two days from up there trying to keep production levels maintained, china is a huge steel, a quarter of overall sales. stu: the cheapest tesla if you don't qualify $2000. >> and only going up because of everything from russia and ukraine into the battery. stu: next we are concentrating on signet jewelers because they proper conglomerate they've got kay's, jared, they'll, there's obviously money and jewelry. >> their sales grew almost 24%,

yes, there is inflation but they don't see material impacts from russia because yesterday they shop the markets had they want by diamonds from russia or any business who does business with russia. you would think that would impact their supply but is not going to have a material impact stock is up five and a half%. stu: how about williams-sonoma? nine, nearly 10% from nine and a half%. >> they announced one and a half million dollar buyback. a lot of brokerage came out, some raised prices, some did not. there giving it to 20, they like the merchant. it's so expensive, there's never a sale, very expensive to buy special, a pot, you name it. stu: are speaking a few months ago thank at this time a lot of people want to change their

portfolio and go away from the affected well in the past and go toward step that will do well in the future. it seems to me hathaway has done that, they stopped with the old stuff that's done very well, old world growing up. >> rotation value, warren buffett is really good at. if you look at hathaway now, market value is greater than facebook and the only non- tech company among the ten most valuable companies, apple followed by microsoft and 730 billing dollars, you have berkshire. warren buffett is not afraid of investing in energy, the fossil fuel type of energy. they boosted their stake to about 15%. this week between monday and wednesday, another 18 million shares. does he buy the whole company trying to get the control? we don't know occidental chairs

are at a record high. stu: next case, dollar general having to percent up from a dividend boost. >> thirty-one%, outlook was very strong, still going to rise 10% this year because more americans by inflation are pointed at discount stores, dollar general a step dollars work dollar tree is about dollar 25. for some, it makes a difference even if it's just optics, things are still dollar and not dollar and 25 cents. stu: if you earn 100,000 a year end inflation at the gas pump, 50000 a year, it really does hurt and those companies like dollar general and dollar tree, they notice that because they are catering to those folks. >> it might not the healthiest food but that's where people turn to buy food in the food store is so expensive. stu: i love my pork rinds, okay? leave me alone. >> and frank slim jim's.

stu: american express, top of the list, chevron is up from oil went back to $100 a barrel. hathaway taking up an extra trump foxy and that's why they are up netflix doing well, top of the winner list were nasdaq, up $3, not a huge amount of winners. one hundred-point lower, up 500 points yesterday. ten year treasury yields 2.16%, price of gold way off to thousand dollar mark 1945 even though it's up 36 today. but when 40900. oil dropped below, it's going up and up, $102 a barrel. price of gas likely high 3%, $4.89 in the average price. gallon of regular gas $4.28.

california, regular average is $5.78. next, formal come back? six months after resigning and disgrace, he may take on the run for the governor's manchin. administration considering taking iran's revolutionary guide offer terror blacklist in exchange for good behavior? same group that fire missiles near our embassy in iraq. keeping zelenskyy safe. seems like an impossible task, one of the chain charges his security is here, he joins us next. ♪♪

ukrainians have another $800

million worth of military and humanitarian aid on its way to them. jenkins joined us from the white house. one of a getting? >> good morning, switchblade killer drone getting so much attention and clearly the president was moved by zelenskyy's speech yesterday, he's seen and up harnage in ukraine to call putin were criminal but perhaps it's easier to talk about what the package, signature items zelenskyy asked for. number one, bioject and the no-fly zones with the white house is still a hard no. >> no-fly zone what are implementation, require us to potentially shoot down russian planes, nato shooting down russian planes and we are not interested in getting into world war iii. >> let's look into the package, 800 singers, 2000 javelins, armor, weapons, unmanned aerial

assistance and you can see here along with small arms and body armor meanwhile zelenskyy did seem to move the needle on capitol hill with growing calls to increase military aid. >> give zelenskyy the air superiority they need to protect his city literally being leveled as we speak. >> short of makes or no-fly zone, i 300 missile defense system is soviet era but in use in places like slovakia and bulgaria or secretary of defense also is traveling right now, perhaps we will hear more about that. finally i know, i heard much about your tie, whether it is green enough, this is a proper irish green tie. stu: i'm very sorry, grace

jenkins. [laughter] you are right, on camera it looks blue. in reality, it's actually green. but all right. see you again soon. joining me now, internal affairs in ukraine, eugene, your the man in charge of keeping zelenskyy safe. can you tell us how you do it? >> as far as you know, russian plants did not go well. if not appear that way from the beginning and to now, they've been captured by russians and armed forces together with national guard, keep fighting against russian aggression. stu: it looks like you are writing around in kyiv in a

vehicle, what are you seeing? are the russians stalled in their approach to kyiv? >> as far as we know, russians approached here but we started to fight back, all possible attempts to try to assault kyiv has been successful. started a second end we are not immortal, this takes a lot of fight. that's why urgently need weaponry and military equipment. we are grateful the united states bilateral report.

all that we received up to now below our minimum requirement and as soon as russian plants, they changed their tactics on the whole country. we urgently need either jet fighters or no-fly zone as mentioned. stu: can i just ask you, the ukrainian forces freed the kidnapped mayor of mariupol from russian captivity, can you tell us about that? >> of course. from the very beginning we did not leave our people alone. we took our efforts to make arrangements and of course no

ukrainian should remain, we will take all efforts to release all captured by oppressors. russia taking hostages from our members of parliament and so on and so forth but of course we do our best to take russian prisoners for possible exchanges. stu: sir, thank you for being with us, we wish you well and we hope to see you again soon. thank you. now russia says they made a payment to avoid default on the national best but i don't think they are out of the woods. >> it appears this $117 million in interest was paid and should happen deposit into the account, this is test number one moscow's

ability to honor their debt obligations but in the context here, and one month, eight country and were of 650 billing dollars in gold and currency reserve, struggling to make 1167 -- interest payments. are they out of the woods? no. another 600 do at the end of the month, they are completely frozen and can't really pay that, dorothy count as a default so we'll see what happens. stu: default is a possibility in the near future. check the markets now, 18 minutes in, we are not down that much, the dallas down 150, nasdaq down 43. a bit of a comeback. moderna, the news is the ceo sold more than $400 million worth of stock the start of the pandemic, i don't believe that's affected the market but ukraine

zelenskyy signed a new law legalizing bitcoin. what has the war done for crypto currency? crypto guy sean duffy is here on that a little later. flying to safety, hundreds of thousands of ukrainians stepping to slovakia, that may be where they have to stay. live report on that next. ♪♪

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building a new refugee center in slovakia having influx of asylum seekers from ukraine. are these refugees allowed to stay and work in the country? >> yes, they are. the tents usd behind me, basically called tent city in slovakia and what is essentially, housing, food, medical care for people across the border for processing center where they will be able to find information about how they can apply for a job and get the kids

into". you can see more and more people setting up tents to deal with refugees we are seeing arrived from war-torn ukraine forget what happened slightly different than poland, people are blessed hear from the border, for get off the buses seek tent after tent giving them any support they could need from food to medical care to psychological care with emotional burden, many of the refugees need to bear after such a dangerous journey here to safety. we've seen little children smiling and holding their pets, few belongings they brought with them all the way from ukraine and as i mentioned in the center behind me, this warehouse, officials and police are helping people process into the country to seek asylum and legally apply for work and gain access to education. this morning we talked with two women in their early 20s, maria and sophia, best friend who traveled here all by

themselves. they left their families behind and the life they just started to build for themselves, they left because they wanted to escape the horrors of what they had already seen. >> angry, angry and scared, upset. you don't have any opportunity for your life now because they are ruining our lives. >> so much built-up anger in a mixture of emotions, people feeling like there lives have been ripped out from underneath them and now they are in another country with another language needing to figure out where they go from here and who they become in this new country. language barriers, cultural barriers and so many volunteers trying to help them sort out this incredibly difficult and challenging time.

stu: maybe they will stay in slovakia, who knows. let's check the market again. with, but, 38-point dow, 34000 level right there. amazon closing 3002 mgm from amazon plans to use mgm content to beef up video streaming and amazon now while about 3000 share. here's what we have, charlie hurt, sandra smith, jonathan morris is back. the 10:00 hour of varney is next. ♪♪

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stuart: it is 10:00, a complete turnaround. all the indicators go to the green. the nasdaq is up 36. the 10 year treasury yield over 2%, 2. 18%. the price %, 2.18%. the price of oil had about $100 a barrel earlier. even so the market is going up.

bitcoin is at 41,000. it is just after 10:00 eastern time on thursday. >> it is 4.16%. it was 3.8%. housing permits, future buildings, that number declined, supply still an issue, rates going up. we 14% is the magic number. thank you very much. now this. it is a vladimir putin's terror campaign, troops bogged down on the ground so he has turned to the strategy of flattening whole cities. in mariupol of theater was bombed even though the word children was on the outside. sergei orloff appeared on this program yesterday saying a

thousand civilians were inside. vladimir putin is laying waste to the country. he can be stopped if ukraine takes control of the skies and we supplied weapons they need to take control of the skies. that means planes or sophisticated antiaircraft missiles. president biden has not gone that far but as the atrocities mount it will be difficult to hold back the atrocities. look at the editorial in the wall street journal. why not victory? the journal points out controlling ukraine's skies is the key to beating vladimir putin. four weeks into vladimir putin's wore his troops have failed to take any new land in the last we 10 days. four generals have been killed, his tanks halted militarily. all he has got his terror from the skies, stop that and you stop vladimir putin. why not victory? the second hour of varney just getting started.

charles hurt with us this morning. why not victory? we are in position to push the ukrainians over the top. >> one thing that is clear when it is difficult to figure out the truth of anything it is clear this is not what vladimir putin was expecting when he got into this. he is meeting resistance he was not expecting. it is more. i'm always wary of any simple answers to any problems. what was it president lincoln said about his biggest problem in executing the civil war? all his greatest field generals were writing editorials for newspapers across the north. it looks simple from the outside but is probably more

complicated on the inside but certainly president biden has not comported himself very well throughout this process. stuart: there is something to be said for the patriot missile battery spotted in poland. it has long-range radar which would allow the ukrainians to see where the russian planes are coming and what they are up to. that would be an advantage. i think the president is being pushed to do more than he is now and if we see these atrocities keep coming, he will be under more pressure to get them air cover. >> it is alarming the degree to which we've seen him pushed around earlier by members of congress and the public and while it is good he is listening to those things it is alarming he doesn't have a

firmer position or you don't get the feeling he is in control of the situation but placing patriot missile batteries along the polish border is a smart and logical idea and that is part of nato that is protecting the nato border. you would hope we are already thinking about these things but then you go back to the first thing which is we shouldn't be in this situation in the first place. the only person to blame for this is vladimir putin. he is a madman who will burn in hell when he dies but the point is we still have to deal with that and a lot of things the united states could have done to prevent this happening, first and foremost energy independence. when you drive up the price of oil you make us poor and the madman rich and that is the biggest problem.

stuart: i'm going to steal that question. goldman sachs warning of the economic impact of the war on the us economy. are they talking recession? lauren: a 20% chance the recession hits as 2 quarters of gdp growth in the next year because inflation is going up. the atlanta fed has their forecast at one. 2%. we are not negative but slower. stuart: thanks very much. gary kalpaum. is the selling over? big question. is the selling over? >> the lows we saw are pretty good for now. really feel the big institutional crowd stood up and bought into the market.

some good defense but let me be clear, the only real bull market's going on our energy and commodities with a smattering of a few other things. if oil prices start going back up toward one hundred 30 all bets are off. you asked about a recession. you want a recession? get oil back to one hundred 30 and stick there and i guarantee a recession. that's the move you watch the most. stuart: i have heard a lot of commentators say it's time to get out of what did so well for the past 10 years, namely big tech companies and get into the metals and materials and precious metals and other commodities and stuff that's going to go up in price. revamp your portfolio for what will go up in the future. what do you say to that? >> commodities are in the bull

market and they started the last two or three months and have a wild to go. big tech had a gargantuan run already. doesn't mean they will go into big bear markets, you go through a couple years of nothingness and there's nothing wrong with that. you ask about other tech i can tell you 50% of the nasdaq is down 50% from the high. there has been a bloodbath. the good news is things like microsoft, apple, amazon are down nominally compared to facebook. i don't understand why they changed their name. facebook is down 50%. stuart: what worries me is the idea we were up here and came down here and not going to recover for some time. we bumbled along at this low level. is that a forecast you would make? >> i would say yes. i think a good low is in.

i don't know if we will be off to the races, down a few, you got to remember we had a big run off of coated lows. gargantuan run off of a ton of liquidity from 1-man printing trillions of dollars. that looks to be ending. lack of liquidity keeps us back and forth and let's hope the lows that were put in are the lows. if we break under that. stuart: heaven forbid it is a repeat performance of the 1970s. the war in ukraine is threatening car production. tell me the story. 2. 6 million this year and fewer cars next year as well. brings the total to 81 million this year and rises again by 7 million next year.

that suggests it improves when talking about the supply chain but you have an auto parts shortage because a lot of wire harnesses power the cars. bmw set for the year, they are cutting the margins because they can't get that from ukraine and are reluctant to relocate the wire harnesses because they want ukrainians to have a business to return to. shares are down 20%. so the supply chain, the war in ukraine and expensive car, hard to find car being elongated. stuart: i presume the best performers are oil company stocks, $102 a share. >> occidental, diamondback, oil prices are up, the international agency says markets could lose 3 million barrels a day of russian crude starting next month.

we are going to have oil companies produce more, make it possible for them to do so and they will do it. stuart: a couple other movers. lauren: a wide loss cut in half from their direct lifting. that is impacting them. stuart: lockheed martin. lauren: the russian invasion made europe once more, drones, companies like lockheed martin, germany making inquiries about anti-ballistic missile systems, the singer and the javelin system. stuart: an immediate extra 100 billion to boost their military spending. next case. andrew cuomo attempting a

political comeback. the disgraced former governor is considering a run against his replacement, governor kathy huchul. his brother, chris cuomo, demanding $125 million from cnn. he called his termination the epitome of hypocrisy and is seeking damages that cnn failed to instruct cnn employees not to disparage him on the air. president biden refuses to send fighter jets to ukraine despite pleas from president zelenskyy. dan freed takes that on. a ukrainian -- russians are convinced the war is fake. >> i also encountered a lot of russian people telling me the war isn't real. they told me there president said he is trying to save ukraine from us.

he wants peace. we won vladimir putin wants piso. there is a statement. the full story coming up. a city in mariupol homes, sheltering that building. we give you the latest in a moment. ♪♪ ess. or confidence. but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. ♪ ♪ as a struggling actor, i need all the breaks that i can get. the future you imagine. at liberty butchumal- cut.

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stuart: i'm seeing green on the left-hand side of the screen. adds to yesterday's game. the hours back above 34,000. survivors emerging from the theater in mariupol that was bombed by the russians.

in my opinion that is an atrocity. have we heard from any of the survivors yet? >> reporter: we are trying to get official word as far as the casualties. the rescue is underway. we are not hearing of injuries or deaths despite the directed. the bomb shelter was a drama theater and one of the steps they have taken is to write in russian the word kids or children on the front and back to ward off a bomb attack. you had noncombatant women and children in the bomb shelter. it took a direct hit. the rescuers told us because of the extent of damage to the facility and there was fighting in the region, they couldn't get there. they got the debris out of the way. they are getting people out and know where it on major injuries or death.

the trend we are seeing, the russians cannot make advancements toward the major population center, bogged down because of the ukrainian fighting forces. they are opting for long-range fire, things like artillery, airstrikes, rocket attacks. that was what we are seeing in the city of kharkiv which gets bombed every night. the damage is significant. around the city of kyiv, we are seeing the russian forces digging in. we see from the video released from the russian ministry of defense, russian armor digging into defensive position. preparing to fight from those positions. the fourth week since the invasion in the russians have not been able to claim the capital city or most of the population centers. stuart: see you again soon.

one ukrainian teen is getting millions of views for her tiktok videos about fleeing ukraine. what are her russian followers telling her about what russia - lauren: the war is not happening. it's not real. you see her in a bathrobe on day one of the war. when ukrainians feel this will happen was 22 days ago. she has fled ukraine with her family and is in switzerland with her family. >> i have encountered a lot of russian people telling me the war isn't real and isn't happening, the truth is not being spread unless it is by ukrainians, like russia they don't tell people what is really going on. they tell a different story

from what is going on. >> reporter: they were told the maternity hospital that was being bombed is a us military base and that is what we are dealing with. stuart: the former us ambassador to poland joins us now. the ukrainians want the f 300 antiaircraft system. are they going to get it? >> i can't give you an honest answer. i know the biden administration is shipping large amounts of weaponry to ukraine. those shipments have accelerated in recent weeks. yesterday's an announcement of additional arms to ukraine was important. i don't want to talk about any particular system but so far the biden administration pattern has been to intensify the kinds and upgrades it is sending to ukraine. this is welcome.

the ukrainians are fighting and have a chance to turn back the russian offensive. stuart: when you say turn it back, you mean run the russians out of their current positions and force them to retreat? you think that's a possibility in the near future? >> it is a real possibility that in the north, the russian position is not sustainable. that is through small-scale counterattacks especially the russian position may not be sustainable. that is still a minority view among military analysts. the majority view is the russians are continuing to advance and are advancing in the south but there is a minority view glowing in recent days that the russians in the

north are encountering major difficulties. as long as this is the case the united states is right to intensify its shipment of military goods to the ukrainians who are fighting for their country and their lives. stuart: any comment on the patriot missile battery which on the left-hand side of the screen, in the polish airfield is pointing east. we understand it has long-range radar which could be real help to the ukrainian air force, any comment on that patriot missile battery which is in poland now? >> the us has sent patriot missile to poland to help defend polish airspace. poland is a nato member. president biden has said we will defend nato members full stop, we take our article 5 collective defense responsibility seriously. i am not going to comment on

what the patriots might do to radar capacities over the border into ukraine. the biden administration has made clear there is a bright line between defense of nato which we will defend and non-us direct involvement in the fighting and ukraine. that is a distinction the biden administration has made clearly. so i don't think operationally, the patriots are going to be linked up to developments in ukraine in a way that would involve us directly in the fighting but i am not speaking specifically to any missile system. stuart: thank you for joining us. china's ambassador to the us has a new op-ed outlining where china stands on ukraine.

lauren: the ambassador blessed officials comparing ukraine to taiwan. to ensure long-term peace and stability china and the us must work together to contain taiwan independence implying china may not be rethinking the strategy to invade taiwan. there are reports they were going to push it back, maybe they are not. they are looking at sanctions brutalizing the russian economy, the worldview coalesced against vladimir putin is a pariah. china's ambassador to ukraine is giving an optimistic comment that china might be distancing itself from russia because they are saying they will provide financial support to ukraine as they rebuild. where are they? that is something president biden will ask president xi when they speak tomorrow. where do you stand on the war in russia? stuart: whose side are you on, pick one. thanks.

foreign fighters looking to help ukraine are being sent back because there are not enough resources. ashley webster will have that report from poland after this. trading isn't just a hobby. it's your future. so you don't lose sight of the big picture, even when you're focused on what's happening right now. and thinkorswim® is right there with you. to help you become a smarter investor. with an innovative trading platform full of customizable tools. dedicated trade desk pros and a passionate trader community sharing strategies right on the platform. because we take trading as seriously as you do. thinkorswim® by td ameritrade

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stuart: this just coming. russian state media reporting women's basketball star britney griner will remain under arrest in russia until may 19th. check those markets. we have some green on the left-hand side of the screen. the nasdaq is up 20 points. looking at the movers. start with pfizer. lauren: full compensation of $24 million last year. stock is in the green for st. patrick's day. i just love that you thought it was green.

what color was his tide? >> turquoise or blue. stuart: teal. lauren: a second booster shot. stuart: ralph lauren. lauren: we addressed nicely but for years we were in sweatpants. don't have to ditch the sweats. stuart: another cruise line story, they go up and down with covert etc. carnival is down. lauren: the price target to 17, caribbean cruises this summer. carnival cut the price in the end? stuart: they go up and down. there are some foreign fighters being sent back to their home

countries at the polish ukraine border. what are they telling you? ashley: a disturbing story, what happens is foreign fighters coming to the border, going into ukraine and meeting up to help the ukrainians fight the russians. we spoke with a young man, a military guy from estonia who wouldn't give us his name. he told us an interesting story. listen to what he had to say. >> they forced us to go to the front lines through the war zone and basically left, the ukrainians joined the georgians, same story but georgians -- ashley: sounds dramatic. they want to execute us. once they've gone and they are

not being provided with weaponry but if they turn around and leave they are threatened with being shot but without the proper weaponry. when they get to the polish border they tried to have their passport cut in half, many managed to avoid that but it is a disturbing story. this is not being reported. they call it the trap. listen to what this young man had to say. >> all the intel from the us and everybody. it is volunteer stuff that zelenskyy is doing, all propaganda. ashley: there is always the question of people on the side of the russians putting out propaganda like this, we don't know about people i've spoken to, other stories, they say it does sound very legitimate.

chaos inside ukraine especially near areas of conflict and people go in with good intentions but it is a different story, very disturbing as well. we will follow this but another strange angle to the story. stuart: russia bombed the ukrainian theater sheltering civilians that had written the word children outside in russian. i call that an atrocity. how should the west respond. i think it is an atrocity. how should we respond? >> we are experiencing, all of us, there are no winners in war. one side might have victory from a military or political perspective but there are people suffering like you are referring to in luke -- in ukraine. and mothers have seen their sons and daughters from russia going over and fighting a

stupid war and getting killed, with disinformation and ignorance. we went there are winners, surely there are winners. an army or battalion or group which opposes evil and defeats it is a win. >> it is a necessary action but when we use violence to stop somebody else, that is a humanitarian loss. my guess is god grieves when he sees his sons and daughters fighting. stuart: a pacifist. >> god's for peace and all of us want peace. one thing to answer your question yesterday zelenskyy gave a blistering speech to german lawmakers and what he said was you haven't been fast enough to stop russia's invasion but it goes back to your dependence on russia,

propping russia up. peace is not just lack of wore. there's an ethical principle that states peace is the proper ordering of things. it is not just lack of violence. things are not ordered in relationship to europe and russia. there was disorder at a deep level which propped vladimir putin up and is allowing this to happen. stuart: when it comes to helping ukraine i will quote from proverbs. do not withhold good from those who deserve it when it is in your power to help, proverbs chapter 3, you would agree to that. >> last weekend my wife and i went out to dinner with the ukrainian couple and said to them can we send direct money to your family that is in harm's way? they said to me they don't need money.

what they care about most is family, safety, their faith and their country. what a lesson for us, we pursue, money is not a bad thing. money can be a good thing but money does not solve our issues. you get into that situation, you want protection, your faith in your country. stuart: well said, always a pleasure to have you here. we've got work to do with the war going on. check the market, check the price of oil, up to $102 a barrel, that is why we take a trip south for the nasdaq and the dow. 10 year treasury yield at 2.14%. president biden will speak with chinese president xi jinping tomorrow. will he confront xi about the fact that russia is asking china for help? edward lawrence will have that.

the house is going after russia's economy. they want to strip russia's most favored nation status. grady trimble has that story 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 and helps keep your portfolio in balance.

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stuart: still showing green on the market. the nasdaq turned south 70 points. look at gold. it is up again. it is an inflation hedge. getting back to 1948 per ounce. after zelenskyy's urgently, president biden did announce new military support for ukraine. that is a lot of money. what are they getting? in lauren: 1800 stinger antiaircraft system used to destroy aircraft from the grounds. 2,000 javelins. one hundred rounds. likely including the switchblade kamikaze drone. you add in simpler weapons like

grenade launchers, thousands of guns, body armor. there is the list. i heard zelenskyy addressing the us congress and it was a moral speech, heartfelt, but a literal call to arms. that is what he wanted. is getting some of it. he' s not getting the migs or the no-fly zone. stuart: he is not getting the x300 air defense system. if you wants it he might get it but he hasn't got it yet. the house is going after russia's economy. grady trimble, how are they doing that? >> reporter: there is a proposal to revoke russia's most favored nation status which would allow the united states to increase tariffs on russian imports. that fall short of president zelenskyy's request to stop all russian goods from coming into the united states.

president biden first called for the us to revoke russia's trade status several days ago but it takes congress to pass legislation to do so. a vote in the house could come as early as today and goes to the senate. i asked several senders if this move combined with the more military assistance but on the way from president biden and existing sanctions is enough. >> i don't know that it will be. that includes secondary sanctions. >> you don't know what is the tipping point russian citizens will rise up and say prudent, you've got to get out of here. you've got to do everything you can. >> reporter: the g-7 nations and the european union are expected to make similar moves. done in conjunction all of this could have crippling impact on russia's economy which is ailing. stuart: ailing? almost bankrupt.

thanks very much. let's change the subject. the tsa extended the mass - mask mandate through april 18th but didn't the senate passed a resolution that would undo? lauren: we ate senate democrats joined republicans to remove the mask mandate on planes and other forms of public transportation, the house had yet to say if they would take up the measure but we will be masked on public transportation for another month. pilots suing the cdc, it doesn't, the mandate is not constitutional and doesn't account for the impact it has on flyers who are getting angry as they wear the masks in the cockpit. stuart: it is up in the air. tsa wants until april 18th, members of the senate say no. we don't know where we stand in the immediate future.

lauren: if you are in airports in new york they will hold you to it. lauren: airports elsewhere don't say. stuart: democrats aren't just blaming vladimir putin for high gas prices but energy companies of price gouging. is the media buying that? we will talk to brent bozell after this.

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stuart: lift, the ridesharing people, have a new fuel surcharge that starts next week. obvious question, how much extra? lauren: $0.55 per ride in most cities, not manhattan, it will last 60 days and they will

figure it out and the bet is the consumer will pay it because the money is coming out of the driver's pocket, the cost to them when it costs so much more. of the one this is a way of -- the passenger pays, not the driver. several house democrats pushing to lower gas prices by cutting the federal gas tax. this is got to be because we've got the midterms coming to. lauren: the most popular thing in the world is high gas prices and we see americans are connecting the rise to the white house and have stickers to prove it, i did that, the sticker on the pump. here are the democrats that are supporting cutting the $0.18 federal gas tax. you have lawmakers in michigan, titus of nevada, kim scheier of washington state. many of them are very against fossil fuel companies.

some of them supported fees on emission, carbon content emissions from fossil fuel companies. they've done everything to help prices go up and now saying cut the federal gas tax this year. that is just a band-aid like tapping into the emergency reserve. it helps a little bit for short time but doesn't fix the problem. stuart: look at this tweet from president biden, blaming high gas prices on vladimir putin and the oil companies. price gouging, let's bring in brent bozell, our media watcher. is the media buying the story that is the oil companies and vladimir putin screwing around with gas prices? >> they have bought the oil companies story for years. this is -- every time this happens they blame the oil companies.

the data are out and this is nonsense. putting that aside, who are the media blaming? we are crunching the numbers but i will give you a flavor since the war began, look at nbc so far trying to see who they blame for skyrocketing gas. they blamed the russians 16 times, the pandemic 7 times and president biden once. we need to remember this. how soon we forget that one year ago we were energy independent, one year ago we didn't need to worry about this type of thing. we had almost record low gasoline prices because we were energy independent. president biden is blaming the russians, he is blaming the saudi's, blaming the oil companies, the pandemic, everybody but his own policies and his policies, shut down keystone, shut down offshore drilling, gone after the

fracking industry, massive new taxes and the whole administration saying every day we want to put this needle to fossil fuels and he blames the gas companies. stuart: you have to say john kerry, a couple senators, aoc, the global climate warriors, these are the people who are responsible for the rise in the price of gas because they cut fossil fuels. it is their fault to some degree. >> top to bottom this administration is being run by incompetent zealots. their incompetence is everywhere to see but there is a luxury doesn't recognize their incompetence. look what happened the moment russia declared war on ukraine. what does john kerry say this will due to climate change. this is the worldview.

stuart: john kerry told the bbc he hopes vladimir putin understands his climate responsibilities. that was his expression. >> he probably was on his super yacht when he was saying that. we when he is not -- not 500 feet long. what do i know? i've not been on his yacht. go. thanks for pointing this out. when you've done your review of other networks after then nbc tell us what is going on. thanks, see you again soon. check the market faster. now i am seeing red across the board. has the price of oil gone up? that is hurting the market, $102 a barrel. 2. 14%.

still ahead, sandra smith, sean duffy, dan heninger from the wall street journal. russian troops defeated by a band of untrained fighters, when example how bogged down the russian troops are, that is "my take" next.

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a promise is everything to old dominion, because it means everything to you. >> all we've received up to now is below our minimum requirements. we urgently need a no-fly zone as we mentions. >> he lost the battle for public opinion in the west. he will lose the battle for public opinion in important ways inside russia. more lost in 21 days then we lost in afghanistan and iraq in 20 years. >> it is clear this is not what vladimir putin was expecting when he got into this but he's a madman who will burn in hell. there are a lot of things the united states could have done that could have prevented this in the first place. >> starts to raise rates, the economy can stand on its own. the best and smartest person in

the room and the economy is strong. we have to continue to believe that. stuart: it is 11:00 eastern time on march 17th. that is saint patrick's today. a parade going on east of here. i see red but not a lot of it. the dow down 50, nasdaq down 57. the price of oil is a problem up to $102.49, $0.58 a barrel as we speak. the 10 year treasury yield slipping from its 3-year high earlier today. now this. a small town in southern ukraine, what happens tweet 2 weeks ago. russian troops were routed by a band of untrained fighters. this is one small example of

vladimir putin's big problems. soon after the invasion began they stole food, from civilians, moves tanks and then the locals fought back with record prepared grenades and javelin missiles, took out 30 of the invaders, 43 mechanized vehicles, the survivors fled into the woods where they were killed or captured. the russians retreated leaving 100 dead. the local ukrainian commander took teenage conscripts and military intelligence, he was caught trying to change into a private's uniform. this is not propaganda. is well sourced in the wall street journal. now we know why the russians are bogged down, badly trained troops, poor planning, long supply lines that opened to

attack in a very low morale. they are not 10 feet tall. they were routed, and the world should know it. third hour of varney straight ahead. sean duffy with us this thursday morning. ukrainians are really fighting back against these attacks and it exposes the real weaknesses in the russian military. >> i want to wish you a happy st. patrick's day, don't know if your tires green or not, but to more important topics. history is full of stories of armies that are undermanned, under armed and they prevail because they have hard, fighting for their freedom.

our own revolution was fought against a stronger army but we had heart and passion and prevailed and we see that with the ukrainians. you mention vladimir putin has the perception that his arm is 10 feet tall and so strong we should fear them but they are a paper tiger, they are not well trained and you have ukrainians pushing back military advancement from russia is awesome but if you look with vladimir putin is doing and push a strong man into a corner i don't think he will be embarrassed, he will go to any lengths to make sure he prevails in ukraine and that is frightening with someone with nuclear weapons. i don't know how to give him a path off of this dangerous course. stuart: i think he's done no matter what. he may lash out from his corner but he is done.

>> he has nukes. that's what is scary. he can escalate to a deck is that it destroys the world and that is what is scary about this. stuart: i will change the subject. you are interested in this. zelenskyy signed a bill legalizing crypto. you are a crypto guy, you told me many times you are big into crypto. is this legitimizing crypto currencies? i'm not seeing an increase in interest in cryptos because of the war. >> we saw the conflict start off, we saw crypto spike at 38,000 up to 43,000 so there is greater adoption when you have less faith in your home currency you see more people looking to safe haven so they

are coming to crypto. the ease of crypto versus the traditional banking system but you see this in canada, when you had justin trudeau go after their freedom trekkers and trees their bank accounts, they go i don't want government to have it kind of control over me. crypto gives them that kind of freedom. if you haven't taken that kind of freedom, i can't help you. they are just going higher. stuart: one last question. you own crypto and bitcoin, have you used it to buy anything at all? >> i haven't. it is in development, i don't shop at those places so i can't help you but the guardrails are

being built out and we will see more but that is the problem, only one currency we use is the dollar. we put people in jail who make their own currencies, how they navigate that is difficult but when you have wall street coming into crypto and they can't snuff it out to regulation. we have to figure out how to manage this. how does that happen? this is the wave of the future, you don't want to regulate innovators to go somewhere else. really when you are proselytizing for cryptos. >> before i came on with you i'm checking where i should go but i will say i told you so. stuart: you are all right, you really are.

let's get serious, about to hike rates first time in 3 years and we've got 6 more rate hikes still to come. steve forbes is with us thursday morning. we are seeing predictions of stagflation and recession. where is it going? >> a slowdown and the key thing is what the government does is continue to wage war against energy, try to raise taxes, profit tax on the energy industry and the federal reserve, banks are brimming with reserved. they want to lend which could devalue the dollar because they have hundreds of billions of dollars of excess reserves. the federal reserve taking out a market on that. the danger does not know how to fight inflation.

it causes inflation and that the danger. governments mucking up is a danger. including ukrainian war, is all on the curve. stuart: does this remind you of the 1970s? >> i'm old enough to remember. economists said you could not have rising prices and a stagnating economy and they called it stagflation. stuart: they kept taking things out of the inflation measure to bring inflation down, took drugs out, to gasoline out. >> wonderful press conference ahead of the council of economic advisors, terrible inflation, food and fuel and other things. it looks pretty good and take a few moments to realize he was pulling their leg. a pretty good number. stuart: the trouble is by the end of the 1970s, the most

awful recession. we lost 20% of manufacturing jobs in america and could the same thing happens now? >> the saving grace is a big change in the november elections even though this administration will not like it. they have some bad appointments, you will see more response by congress with public backing them because biden is seen on the economy is failure. the financial markets, the price of oil going to $102 and look what is happening to occidental pete. lauren: one of the reasons they are rallying is berkshire hathaway bought 181 million shares, to just under 15%. berkshire hathaway shares, half $1 million each. of the one berkshire hathaway buys a chunk up 8% in the other oil producers are up as well.

lauren: huge gains, 6. one%. number one on the s&p 500. how high do oil prices go is the question is sanctioned start to bite the international agency next month. stuart: freeport mcnamara. lauren: largest copper producer in the world, copper is rising, stock is up 4%. stuart: all those basic commodities up again. cigna jewelers have all kinds of jewelers in their umbrella. lauren: same-store sales up 23% despite inflation or because of it they can charge higher prices and bailing on russia, cutting off business in russia, that's not going to affect them. one other thing which covid for years a lot of people didn't have weddings. they are having weddings again. they see big demand on this covid recovery.

stuart: what is the breakdown of lab produced diamonds versus mind diamonds. what's the market? lauren: i don't think any female would ever want to know that. stuart: let's move on. one of those super yachts belonging to a russian oligarch stuck in norway. we will tell you why it is not going anywhere soon. russia bombed a theater that had the word children written on the side of the building in russian. putin still denying russia is targeting civilians. and advisor to president zelenskyy is here to respond to. biden was speak with chinese president xi jinping tomorrow. edward lawrence has breaking details from the white house next. need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria.

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stuart: president biden has labeled a put in a war criminal. >> are you ready to call vladimir putin a war criminal? >> president biden: no, you asked if i would call -- he is a war criminal. stuart: how about this for a war crime? the russians bombed a theater in mariupol where women and children were taking shelter, and had children painted on the outside in russia but was still bombed. advisor to president zelenskyy joins me now. russia denies targeting civilians. what do you say to that? >> they are violators in a time of war.

investment happened when -- this is her shoulder. they knew these were women and children and we still don't know the exact number of casualties. there were several hundred in this theater and there was a shelter in this theater and people were crowded and no rescue teams -- near to the place to find out about the casualties. stuart: it seems to be to be a war crime. do you know the name of the general or the colonel who directed the fire at the theater? 's that would make that person a war criminal? >> not yet but definitely, we will know every name of the soldier or officer or high-ranking general who made those atrocities and we will

bring them to justice. the work is already started. the teams are working in ukraine and the atrocities they are making. stuart: what was president zelenskyy's reaction when he did not get the no-fly zone he asked for? >> surprised by the lack of courage not only from the us but other nato members. this no fly zone is a matter of life and death, we are doing fine on the ground but what we lack is the capacities in the sky. of the no-fly zone is enforceable, let's have weapons for ukraine. the air defense system or fighter jets. stuart: do you sense a shift in opinion in america towards getting more towards giving you the help you need to control the skies? i'm thinking about the x300

defense system. do you sense you're making an impact and might get that x300? >> that is why my president spoke to the congress, appealed to a congressman in the us nation so please do help ukraine to defend not only themselves but europe and the world against the russian aggression. stuart: thank you for joining us. i am sure you're busy and appreciate you being here for a limited time. tomorrow president biden will speak with china's xi jinping, edward lawrence at the white house. any idea what our president will say? >> a number of issues on the table that president biden will have to see how he approaches this phone call in conversation with president xi jinping. in a statement jen psaki says

between 2 leaders will discuss managing the competition between our countries as well as russia's war against ukraine and other issues of concern. there are a lot of things on the table. china has made clear they don't want the us to get between the relationship between china and russia. chinese foreign ministry spokesman says china will do their normal economic operations with russia even as this is going on. visa and mastercard pulled out of china. what happened is they have their union handle the transactions over there in china so a veteran florida congressman and congressional candidate, cory mills, says china is coordinating this with russia. >> part of the plan to expand the eurasian border, investing billions of dollars in ports to

control the resource against america. stuart: nous stuart: new lockdowns in china over the spread of covid cases might cause more supply chain issues that could push inflation even higher because the us is reliance on china for manufacturing. all of these things could be on the table as xi jinping and president biden speak tomorrow. this is green right here. stuart: a long running joke for the entire peer go after. it looks kind of blew. in real life it is green. one of the sanctions russian oligarchs speaking out. >> he is pushing his own books. the sanctions against us don't work because vladimir putin doesn't listen to us anyway.

sanctions represent this end of russia's years long campaign for influence outside, the us is not sanctions him but the uk in the year but he did have. vladimir putin is a madman and i'm not in his immediate circle. many people would agree. stuart: isn't there a got stranded in norway. >> a former kgb agent. nobody will give it fuel. it can't get gas to go anywhere so it is stuck in norway. stuart: a growing number of companies cutting ties with russia. one major corporation corporations staying put. which is it and why are they staying put?

lauren: charles koch's industry employing 600 people because they don't want russia to take over those facilities. they think if they stay they maintain ownership. hundreds of western brands and companies, russia takes over what they had in place. stuart: look at the markets, not doing much stock trading. it is quiet so far. a little bit of red ink with the s&p up a tiny fraction. 3 million people have fled ukraine most of them in poland going to poland. a report from warsaw. a new poll shows less than half the country approves of the president's handling of ukraine. sandra smith takes that on next.

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stuart: a mixed picture on the markets. the s&p is up a fraction. the dow is down a little. nasdaq down a little blues not much price movement. boeing and mcdonald's together down stocks. shedding 40 points off the dow industrials. the price of gold on the upside. again a $40 an ounce, $19.49.

president biden calling vladimir putin a war criminal in no uncertain terms. what is russia's response? >> moscow doesn't like the war criminal label. they are lashing out with this to say. train change that statement by mr. biden, impermissible, unacceptable and most importantly, the head of the state which is been bombing people all over the world for many years cannot have a right to make them. >> reporter: it comes as biden announces $800 million in military aid including stinker, small arms and killer drones, switch blades but president biden refusing to give president zelenskyy between 2 signature items he wants most common big fighter jets and

closure of ukrainian airspace. >> no-fly zone would require implementation, it would require is potentially shooting down russian planes and we are not interested in getting into world war iii. >> reporter: zelenskyy has clearly moved the needle on capitol hill with calls to increase military aid. you heard no shortage of people saying just give those megs, close the no-fly zone but an alternative may be this soviet or missile defense system we heard so much about. many have pointed out you have seen the white house responding to calls in congress, perhaps we will see an increasing number of steps the president will take. we will see if there's any more to say, it is strengthening --

strengthening his negotiating. stuart: i have a new poll showing just 46% approve of president biden's handling of the war in ukraine. sandra smith joins us now. i detect a shift in public opinion towards giving the ukrainians more airpower. >> amy clo biochar was one of the first to speak up for that. a member of the problem caucus this morning, anchoring america's newsroom and they are rallying support sending in big fighter jets, he is making the case for it. ted cruz as well. we have -- after the war

criminal, and from president biden yesterday. we will see if that changes their stance, whether we will send more aid but covering this, the atrocious attacks on the bread line, ten people killed, the visuals in this war awful. stuart: that encourages the view that we should give them air cover. the more pictures of these atrocities the more pressure to give them what they need. >> that theater with hundreds of people taking shelter with the words in russian, children, i pray that that is not as devastating as it looks. we will get more information throughout the day. of the when the president blames oil and gas companies for the rise in oil and gas companies, he is going as far as to say the gas station owners are price gouging. that is the week. >> making the case showing how

oil prices went up and gas prices went up superduper fast and now that oil has come down a little bit, gas prices are not coming down. i always say if you have evidence of price gouging or illegal activity bring forward the evidence and hold those companies accountable but why the big oil companies, a lot of confusion, why chuck schumer says let's get these oil companies and talk about those gas prices. 5% of the retail gasoline stations in this country are owned by oil companies, otherwise individuals, every day americans and he's making the case that they are price gouging. it is important when you see the lag in prices coming down, what is behind the price moves in the "risk and reward" and the oil off the market was - it

has to be refined. the refiner turnaround sold to the wholesalers and they distribute to retail gasoline stations. to suggest we've seen this drop in oil prices and this drop in gasoline prices it doesn't work on that. stuart: talking big oil, price gouging for 50 years. it is supply and demand. >> people have to push for the facts. when you look at the president's tweet your audience knows that was a bloomberg chart. an economist at bloomberg grabbed that and retweeted and said i see the source at bloomberg, he put up a different chart showing similar

elements with the purchase price of oil in the yellow pointing out retail gasoline price didn't go up as fast as oil, he is suggesting those mom and pop gas stations were taking a hit paying those high oil prices passing that down to the consumer. it takes a little homework. stuart: if you are gas station operator and go to a distributor you pump up your tanks and pay $4.40, the price of oil goes down you are stuck with expensive gas, cut the price and lose money. >> they make up for lost profit margins. stuart: the bad guys, there's the november elections. >> i had a fertilizer guy, in

the last hour, talking about diesel prices, the fertilizer prices, looking at gas hikes and inflation going higher, put out a warning about food crisis. this is part of the supply chain missed. stuart: will biden play the farmers? we promised to watch you. >> lindsey graham, ted cruz, jen psaki will be holding a white house press briefing. stuart: moving on. look at this. it appears to show zelenskyy telling troops to surrender. it is completely fake. we will tell you how zelenskyy

is responding to a deep fake video and the war in ukraine has pitted all democracies in the world against russia. dan heninger calls it world war 21/2. he joins me next. at adp, we use data-driven insights to design hr solutions to provide flexible pay options and greater workforce visibility today, so you can have more success tomorrow. ♪ one thing leads to another, yeah, yeah ♪ trelegy for copd. [coughing] ♪ birds flyin' high, you know how i feel. ♪ ♪ breeze driftin' on by... ♪

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stuart: this is an op-ed in the wall street journal. ukraine is world war 21/2. all of the world's democracies have committed to repelling russia. dan heninger wrote that. you said this has produced an astonishing collective response. is that world war 21/2? >> that is what it looks like to me. everyone is talking about world war iii.

president biden and donald trump are in alignment saying they don't want ukraine to pull us into world war iii. ukraine's president, vladimir zelenskyy, was asked if he shared president biden's concerns and he said i am not certain we may not already be there. i think where we are is world war 21/2. the world's response to vladimir putin's invasion of ukraine has been unprecedented. at least 20 nations have sent military arms or equipment into ukraine from japan, australia, south korea, portugal. the number of fighters, volunteers pouring into ukraine is extraordinary, many of them veterans of iraq and afghanistan. boycotts are endless.

they turned russia into an economic pariah. you've got the nonprofits which have gone through poland, some are inside ukraine from all over the world. that adds up to world war 2 and a half. there is a global article 5 of nato that vladimir putin's unprovoked attack on civilians in ukraine is an attack on all of us. stuart: is it a win for the west and a loss for vladimir putin in the east? >> reporter: great question. the response is it isn't really stopping vladimir putin. that's not entirely clear. the building block is the extraordinary ukrainian military. and the ukrainian people, their refusal to surrender, vladimir putin is bogged down in

ukraine, can't imagine he expected the world to respond, we are to break point in the united states, nato has to make a decision whether or not to protect the airspace, providing the defense system. it would not have happened if the world had not responded the way it has. stuart: a great story about the route - we will see you again soon, thanks for being with us. families in poland opening their homes to millions of refugees who sought refuge there. you are talking to host families. what are they telling you? >> it isn't easy to handle so many people at once.

so many are stepping up to help. around 125 at the moment and only supposed to be here until they find something more permanent. that's where ordinary polish families come into the picture. they are housing ukrainian refugees families, all shapes and sizes. when ukrainian mother said being in a home with the family has offered a lot of stability to their lives. it is also instilling normalcy especially for her younger kids who had to leave their father behind and trying to process this invasion. leaving home has made many ukrainians realize how much they love their country. >> now is the time to prove what you talked about. it's easy to talk about values but is it okay to do these things? this is the moment i can do things to show that hospitality isn't a new word.

>> reporter: that was not a ukrainian mother but one of the host families of polish descent talking about walking the walk were talking the talk and being able to step up when other people i down. not sure if we have that soundbite but she was trying to say throughout ukrainian history many people who live there just want to leave or go somewhere else in europe and there is something that makes them feel they have to go back home. we are hearing these, everyone has their own set of stories and what stuck with us is she's going to get her education but as far as future long-term, that is up to vladimir putin. stuart: okay. we will be back to you later.

there's not much price movement, the dow is up 14 points. they are sending, because he droned to ukraine as part of a new aid package. will they arrive in time to help? i will ask a member of ukraine's parliament about that 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. visit indeed.com/hire

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stuart: this is a deep fake of president zelenskyy. it shows him surrendering. that is a deep fake. >> it is a bad one and that's a good thing was we were able to spot it and facebook took it down even after it went viral. deep fakes our technology manipulating media to send false political messages to change the outcome or perception of the war in this case. that video shows falsely that the president of ukraine, zelenskyy, told his army to surrender.

never happened. in real life zelenskyy responded to that deep fake, says no way are we giving that. this is the secondary war that is happening. the technology war where you can defeat people using technology in artificial intelligence. of the one that was a bad fake. you can get really good fakes where you can't tell the difference between the real zelenskyy and the fake one and make the fake one say what ever they want to. >> it's a huge problem and downright scary. stuart: ukraine's military launching counterattacks around kyiv. a member of ukraine's parliament joins me now. give me an update on the counterattack around kyiv. >> reporter: the counterattack started tweed 2 days ago. that is when all women in kyiv,

around that curfew, people were to stay home because of the counteroffensive on the northwest of kyiv. there were sounds of explosions, fighting taking place. we get reports about the results. apparently the fight is still on but they have managed to push through what the russians were holding before. the russians did not get any clothing from the northeast. they are further from the city than they were tweed 2 weeks ago. stuart: by the looks of it, success. the weapons we are sending over, the $800 million worth of new weaponry. will arrive in time to help you? >> would have been on-time three weeks ago. that was the right time to receive it. i don't mean to sound ungrateful. we are grateful for the support

of the american people, thank you, we appreciate it but we need more. we need more particularly in terms of a no fly zone with the military, the biggest need are the jets which we are still not getting, the deal with poland didn't come through which we are hearing from other eastern european countries that they are willing to arrange the same deal poland was proposing but we didn't get that and without the jets it is difficult to fight against russia. particularly the city of mariupol. stuart: i have to tell you the pictures of these atrocities is putting a great deal of pressure on president biden to change course and allow the jets, biggs or x300 defense

system to get to ukraine. there is considerable pressure for him to do that because of what we are seeing from ukraine. i want you to think you for being with us. quick check of the markets please. i see the dow is up 25 points. it was up 500 yesterday. the s&p up 6, 95 yesterday but no selloff after yesterday's rally. it is 11:55, the trivia question on this thursday, it is a good one. which color was originally associated with saint patrick, green, red, yellow or blue? the answer has nothing to do with the real color of my thai. we will be back. with pronamel repair toothpaste, we can help actively repair enamel in its weakened state. it's innovative. my go to toothpaste is going to be pronamel repair.

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company with helium, hydrogen and noble gas assets, is looking to capitalize on the historically high cost of helium, an element critical to healthcare, the high-tech industry and green initiatives. desert mountain energy. stuart: do this thing. which color was originally associated with st. patrick, lauren? >> going with red. >> why red? >> because -- few days, own saturday, [inaudible]. st. patrick had to pick another color because st. joseph was red. stuart: interesting, you're wrong. the answer is blue. color of my tie. the earliest depictions of st. patrick show him clothed in blue garments. the green is believed to be started in the 1700s, a green shamrock was a symbol of st. patrick used to explain the holy

trinity, got that? >> got it. i learn so of doing this store. >> incredible isn't it? >> i have to get green bagels. bring them home to the kids. >> i tried to wear green this morning. i thought it was green and i think it is. programing note, donald trump will join this program on monday of next week. trump comes to varney. neil cavuto, take it, please. neil: thank you very much, stuart. look what is happening. you're looking at this very closely, barely budging of buyers and sellers, bit of an historic day here when you think about what is going on with waking up first time interest rates higher than the day before, talking about the rates, the federal reserve controls, up a quarter of a point right now. more to come. markets are still digesting that. on the same day we had, you know, this other view that other countries are racing along to