hey google. ♪ ♪ ♪ ♪ ♪ ♪ again monday night. ♪ >> from the fox studios in new york city this is maria bartiromo's wall street. maria: happy weekend to all welcome to the program that analyzes the week that wasn't helps position you for the week ahead. i am maria bartiromo. interest rates up a court appoint central bank except six more hikes by the end of the air. funds founder danna niall on what it means for sky high inflation and the risk of recession. plus oil prices back above $100

a barrel this week. i'll be asking house infrastructure committee member mike gallagher why president biden is begging for rogue regimes like venezuela for oil and gas instead of going to our own american producers. and president biden meeting with chinese president. the u.s. has been awarding china of the consequences if beijing provides military support to russia's war on ukraine. the atlas organization founder jonathan warren on the real reason president xi has not cut ties with poochie. first of all take a book atop newsmakers aborted with maria in this edition the week stalkers, watch. ♪ you are calling on the president to immediately choose reliable affordable secure american fossil fuels. that is not part of the agenda. >> note that is because i believe the president and the white house want americans to suffer by. >> the prime minister of poland,

czech republic are headed to kyiv to date to meet with president zelenskyy. i applaud these countries for stepping up and saying we are going to help our ally pray. >> wondering if you believe the fed is still on track to raise rates multiple times in this year, 2022? >> yes i think they are paid the issue is inflation is just too high right now for. >> the saudi's want to used to pay for oil transaction. >> the petro is something china has been working on for years. part of the rogue policy. >> is a big week the market pair gains after explosive rally in response to the court appoint fed rate height. oil rushing back to over what her dollars ability declining in the beginning of the week break to talk markers and allocating capitol today is the founder of the centauri fund, dan niles were great to have this weekend. thank you so much for being here.

i told you earlier in the air you are negative you said you want to be selling that's what you've been doing for you are making money while the rest of the market is down how are you doing it? >> i think you had us on at the beginning of the year previewing this year end the view of the s&p will be down 20% driven by high inflation a very aggressive fed that is exactly what we have gotten. or try to keep as many shorts on as we have for it wants recover they get oversold. we tweeted about this in terms of you want to cover when things get oversold and then when they are rallying get back about 70% of what they lost you put those back on again. i started to put shorts back on as the markets are rallying. in terms of big picture give me the short-term and long-term view i know you expect a mini

rally as a de-escalation by russia on ukraine comes, which we hope to see soon. but longer-term you are still talking about negative returns for the broader averages. how do you see things and what you want to buy and sell the short and long-term? >> i think if you are a retail investor that does not have time to manage her money every day, sitting on cash is the best idea. our view is still the if the s&p goes down 20% over a period of one -- two years at a minimum. that is driven by the fact multiples are still a very high level see market divided by gdp is still at 1.8 times. a 50 year average is 0.8. the fed is just started to raise rates that's going to go on for over a year. think there's going to be a lot more aggressive than what people are anticipating because inflation is going to stay a lot higher than what people are

anticipating. i what's going on with russia and china that is going to cause companies i think to start cutting numbers when they report the march quarter for june. our big picture right now is one company that provides services we want to have short companies that produce stuff. because as the economy reopens i think were all going to go out to movie theaters, go on vacation, get on airplanes et cetera. but, for the past two or three years we have been buying stuff because of all been stuck at home. those companies are going to see business starting to slow down like you've already seen for videoconferencing companies like zoom, peloton or with e-commerce but he think you're going to see that ratchet over into things like smart phones and pcs which we all bought a lot of so we can work from home or have our kids learn from home. >> i think that is such great analysis. you are right we are seeing an

opening finally of this economy getting back to normal. there's all this pent up demand to travel and go out. you are also investing around other key themes. you say there are some themes happening simultaneously like data center enterprise and 5g. how do you benefit from those cycles going on right now, dan? i know you still believe the number one concern is a federal reserve's been behind the curve. >> yes, absolutely. you are exactly right, maria. if you look we are all going back into the office to some degree. the enterprise is not have two investors know workers are starting to invest again. in addition 5g is going to be half of the smart phone sold this year so companies are investing in that infrastructure. in that finally because we are all on the internet because we had to learn how to do that over the last two or three years because of covid the big internet giants are investing as well. we own names like cisco, siena,

lament tim, ericsson and nokia for 5g infrastructure. those are all names trading at below market multiples. those three investment cycles they should continue for at least one -- three years. so i think they will hang in a lot better than some of the other companies are going to see business slowed down as we all go from buying stuff to getting services and i think they will hang in a lot better than the rest of the market so that is where we are looking for a. >> want to ask you that two items number won this week was a great week for tech when we see a 6% move in some of the big tech names that have gotten crushed year to date on do you believe the rally intact this week? also i saw your tweet back on march 2 you remove for the 22 top five picks because it gained year-to-date at tracks oil prices. are you saying oil prices have peaked for a little while here? >> well, when what we said was

meant oil got to that surge went russia went into the ukraine are feeling why should people talk about 200-dollar oil. at that point without this is probably peaked let's take's of our profits were looking to buy back oil because structurally you still have got green policies across the world restricting supply. as we all get on airplanes and start traveling again that's going to crank up demand. so i think you're going to see oil state very strong. so below 100 we are pretty interested ideally closer to the low '90s not sure if it will get there. that is what we are looking at and saying a reload on oil. we are pretty bullish on that from the longer-term standpoint as well as for all commodities. don't forget russia produces about 10 million barrels a day the overall production is right around closer to 100. that is a lot of capacity being somewhat restricted as well.

>> 37 really quick on tech to attend buy into this or sell into it? what you want to sell into it. member bottoms are a process of look when paul started to raise rates the s&p went down 27% over 21 months. but you had six rallies of the s&p that averaged about 8% each. so you are going to get the bear market rallies as i call them and when you get back about 70% plus of the prior downlink that is when you want to think about putting back on your shorts to go to new lows things look oversold. you covered them your pete the process. i think unfortunately were going to be doing this the next one -- two years. >> it is true. you have got what they call dead cat balances or something going on. dan it's great to see you thanks very much for being here this weekend. as always love to hear your analysis, dan we will see you soon.

>> thank you maria always a pleasure. >> alright we'll talk soon security fund founder dan niles worries about russian supply shortages and oil prices back above 100 this week. what congressman mike gallagher says unleashing american energy will help the u.s. and undermine once upon a time, at the magical everly estate, landscaper larry and his trusty crew... were delayed when the new kid totaled his truck. timber... fortunately, they were covered by progressive, so it was a happy ending... for almost everyone. every business is on a journey. and along the ride, you'll find many challenges. ♪ your dell technologies advisor can help you find the right tech solutions. so you can stop at nothing for your customers. what happens when performance... meets power? you try crazy things... ...because you're crazy... ...and you like it. you get bigger...

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defensive weapons, we need humanitarian help because economy during the war is shut down. there are no taxes filling up the budget. we definitely need financial support. stop doing business with russia. isolate russia economically. all the money that russia is getting is going to be spent for rockets and bullets that ukrainians are getting killed today. stop and isolate russia in this case. maria: welcome back that the world boxing champion and mayor of the he's fighting on the front line as vladimir putin continues deadly attacks on ukraine but russian forces firing missiles at an airport near love even this weekend but here at home present biden blaming high oil and gas prices on vitamins war on ukraine, watch. >> make no mistake the current spike in gas prices larger the fault of vladimir putin there is nothing to do with the american

rescue plan. >> people already already feeling potenza price hikes at the pump. >> now democrats are in the white house are pointing the finger at big oil companies for high prices at the pump accusing the industry have taken advantage of the crisis. no word on joe biden's massive spending and that is what stoked inflation to begin with dried right now is house transportation infrastructure member wisconsin congressman mike gallagher braided thing so much for being here. what do you make of the situation on the ground in ukraine, getting hit by russia but also, joe biden blaming it all on pooch of the fact that american families are paying sky high prices for gasoline. voxel on the ground in ukraine, clearly the russian blitz creek has sailed. we are now settling into a war of attrition we are in the early stages of that we need to continue to provide lethal assistance. we also need to make sure we

punish the chinese if they start providing the russians with assistance. as for president biden's claims about oil prices, the president is lying. i do not know another way to put it. this is nuclear grade gas lighting from the white house paid sure the war on ukraine has attributed you high gas prices look at a graph of gas prices over the last year. it is the ministrations war on domestic energy production in america that has started this for the first week in office the canceled keystone, they put a bunch of radicals that is what is driving up high gas prices. this crisis predated putin's invasion of ukraine. for the president to pretend otherwise and now higher a tiktok influencers help spread that lie is fundamentally unserious. >> how long would it take should the administration recognize they could be capitalizing on

american ingenuity in the oil sector, how long would that take to get up and running again? would actually have an impact sooner rather than later on the price of gasoline if we were to see a change of heart? >> i think it would. it would not be immediate but over the course of a few months you would see a change in the trend more to the point it would actually be a massive geopolitical weapon in our arsenal but definitely if the president is serious about undermining vladimir putin and turning him into a pariah may be the best thing he could do is unleash the power of american energy production. that will be a good way to undermine russia. oh, by the way another thing he could do is step away from this iran deal which would be a massive gift to russia but i guarantee you, maria, part of the justification they will roll out with the surroundings should they get what is putting a million or 2 million barrels of our iranian crude on the market will actually help with the oil price crisis we have right now,

which is absurd. i do think it would help this is the missing link in our strategy not just our domestic strategy earn tire international strategy right now i am begging the climate change in the white house to change course because they are doing serious damage to our national security. >> you mention the eye run deal. why is russia negotiating with iran on the u.s. by half? all day long this administration is attacking putin for what he is doing, rightly so in ukraine. then they partner with him with on an ironic deal i don't get it. >> this is another lie the president promised to turn vladimir putin into a mariah when it comes to ironic, putin is president biden's partner. they want to sell weapons to iran they want to build their nuclear infrastructure. they are trying to set up a sanctions evasion hub that completely undermines the sanctions we put in the place i

get makes no sense by the way another lie when present biden was a candidate he promised to get a longer and stronger iran deal. this deal will be shorter and weaker it will put our allies and our homeland in jeopardy and it will put iran and israel on a collision course in the short term. >> while these are dangerous times for congressman thank you very much for being here to walk us through we so appreciate your time. >> thank you. maria: wisconsin congress on mike gallagher. russian were on ukraine rages on the u.s. this morning beijing not to come to putin's age. by jonathan warren said biden needs to get a lot tougher on russia's greatest certified turbocharger, suspension and fuel injection. translation: certified goosebumps.

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maria: welcome back present biden speak with chinese president on friday for the first time since russia invaded ukraine. the u.s. is ramping up its wording that there will be consequences if it beijing gives aid to russia. moscow reportedly asked china for military assistance a claim both countries now have denied pretournament right now is the atlas organization founders author of the book and tried his vision of victory. jonathan warren is here by jonathan thanks much for being here. your take on this phone call between joe biden and xi jinping. what do you believe should be most important in terms of joe biden raising with the leader of china right now? >> i think this is the acid test in the sense the situation between china, the united states and russia china has declared itself from the strategic partnership, their strategic part of russia that's ten years

and longer that's a real significant partnership the u.s. has to call them on that. if they do provide aid economic military, any of the above in this current crisis in ukraine than the united states is going to have to roll out real consequences for china. so this is part of a series of back and forth between china and the u.s. but it is time for us to call them on this. >> are telling about that. there are russian companies and chinese companies and indexes and etf's. i know recently we have seen those companies come out and some pressure on chinese companies to follow the rules if they want to be listed on u.s. exchanges. assess that story for us and the impact to investors. >> ultimately it is unwise to have won some money in china. people are taking on the risks i don't think they fully understand. china's geopolitical is in alignment with russia the list is very long and that all adds up to this being a very unwise

investments. i think despite chinese economic growth it makes sense and it's necessary for the united states to start basically banning investment into china across strategic industries surveillance state type issues. that is already started but it needs to go wider it's probably going to go wider it just has irreconcilable differences with china we cannot accept ultimately their vision for the world and their trajectory. that is going to happen. in the multi nationals i think are being compelled to go into the market they are taking on risk and waits it's not just about supply chains growth strategy with chinese competitors it's about intellectual property loss. we have all those problems i think at the end of the day that creates a system level risk you can imagine just happened and russia, a country in some ways has fewer military goals and the people's republic of china does they have told us their territorial ambitions are in taiwan, eastern chinese see and the hamel errands.

talk about it being designed for use. if we were to have a kind of shock there -- make our companies may not recover from that they need to be building and strategies now and yesterday honestly that can offset real geopolitical risk in china and not just cover their eyes and hope for the best. >> just extraordinary time. the chinese are trinket the saudis the chinese set of dollars to transact oil jonathan it's a great to you you been ahead of this for years and spot ahead of this for years and spot on good to see this real cowboys get customized car insurance with liberty mutual, so we only pay for what we need. -hey tex, -wooo. can someone else get a turn? yeah, hang on, i'm about to break my own record. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

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i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones >> 37 walk about a very big program of the works for next big mixer turned into wall street every friday night at 7:00 p.m. eastern. and i will see you over on the fox news channel sunday morning for joining me for study morning futures live on the fox news

channel at 10:00 a.m. of that interest of the ohio congressman tennessee senator marcia blackford you and my special guests, the mayor the of trade five ukraine live on the ground in kyiv or that's it for now thank you so much for being with me this weekend have a great rest of the weekend i'll see you again next time. ♪ across ♪ ♪ ♪ ♪. gerry: hello this book on the walls or journal at large is russia possibly using the will losing the war in ukraine after three spider putin's forces are incurring massive losses and not making progress could they be defeated? the slow progress lead to terrifying escalation in the conflict will talk to general petraeus about the