yourself, you will be making a whole lot of money with the light bulb goes off over wall street. it can happen today. i'm getting go to cheryl casone he. the last hour of trading has been monumental one way or another it is huge. >> it is huge it's always exciting and i'm going to take her viewers right through it. thank you very much. charles talking about the volatility in the market right now, the bear with a spring in their step after the comments from the fed chair. stocks seeking to session lows as jerome powell will consider more aggressive rate hikes to fight inflation. the dow about to snap the five-day winning streak. the s&p 500 and the nasdaq and the red. the s&p done 27, the nasdaq and 156. oil settling above $112 per barrel, it's a little bit higher and after hours, we get to take a look at the effect on energy stocks.

j.p. morgan chase, david kelly is here to read between the lines. those comments here to react in the studio. meanwhile the month-old war in ukraine showing the signs of slowing as russian forces attacked a key shopping center. the ukrainian president volodymyr zelensky rejecting an ultimatum to mariupol and tells us what stage of the word looks like. the sanctions crippled in the russian economy could vladimir putin turn to crypto, they have miters in russia and ukraine, he shares his view of the war-torn crypto verse. anna fox market alert, if you are in any doubt that the fed was planning to get aggressive on inflation today, the fed chair jerome powell put that to rest when he spoke at the national association of business economics conference. listen. >> if you think it's appropriate to raise 50 basis points then we

will sell. we don't have a test here but what will trigger that. if powell outlines plans to move expeditiously and interest-rate the mage enter major average sank a session low of 413 points. as you can see the dow is down by 356. the ten year treasury hit 2.3 level since we haven't seen since 2019 the yield on the two-year crossing 2% for the first time in almost three years, oil as i mentioned earlier was about 112 as the eu is now considering a russian oil band. about to go through, joining is not j.p. morgan chief global strategist. it's great to have you here. i want to start with the powell testimony. his comments in particular when he said he was looking at open at 50 basis point cut in the

raises to interest-rate, that seem to speak the market. >> he was being hawkish and i think he deliberately was trying to spook the market and the bond market. he is trying to push up long-term interest-rate. if you look at what the federal reserve laid out last week we were about a seven rate kite but didn't have to include 50 basis point hike he did not have to mention this but he did to say will get to be really aggressive and i think his goal is to push up long-term interest-rate in the way that is supposed to work in the economy as if you've who push up long-term interest-rate it will slow the economy down. he's trying to push on the brakes i think there are? the downside but that is what is trying to do. cheryl: a big piece of inflation is oil and energy in consumer prices affected everything interviewers. the american public. at the same time that could have a dire effect on gdp. does his potential interest-rate hikes make a difference in your mind about what gdp could look like q1, q2, q3 or do you think that is a global gdp.

>> there is a huge forces impacting the economy. to be honest the federal reserve is like a very big ship with a small panel and they are trying with interest rates to move the economy but there is so much bigger things going on with commodity and coming out of the pandemic. i think what jay powell sees and what we see as the economy has a lot of momentum coming out of the pandemic with a lot of pent-up demand and a lot of people save money over the pandemic and big increase in asset prices for this economy is secure throughout the year. my concern is as you go into the innovation going into next year the economy will slow down, slow down and interest-rate or high then, then the federal reserve incrementally increases the risk of recession. >> to think the economy is slowing down because of what the fed is doing, is economy slowing down because it's a normal cycle which happens every five or six years? what is it?

>> is running out of room to grow we have an appointment rate of 3.8% that is lower than 97% of the time over the last 50 years. we are out of workers. yes we get to more growth as we come out of copan and people come back to work and maybe still on the sidelines. were gonna run through those pretty fast and then the economy has to slow. you literally can do more if you can find more workers. dichotomies going to slow to 2% growth. some of the supply chain issues will resolve, they economy is not because of the fed is because of where the economy is. >> and the yield hitting lot of uncial levels we haven't seen since 2019. was that a red flag for you today. >> it's only a red flag, these are negative interest rates. if you think about it, the tips market is going to yield negative 60 basis points. what that says you lend the money to the government today,

they promise to give you real purchasing power in ten years time he, and so weird situation with negative interest rates, glad to see long-term interest-rate grow up i wanted to do it steadily, don't doubt uncertainty to what is an uncertain situation. >> let's talk about what's happening in ukraine and russia the unrest has caused volatility with global markets. a global strategist within the volatility has been unsettling for markets in particular in the energy markets, the commodity markets. as you try to assess as best as you can what's happening with russia and ukraine we don't have peace yet it is possible there could be a type of resolution. what is the long-term effect of this conflict. >> for one thing it's going to help green energy. the big message that europe has learned, we do not want to rely on the russians anymore. we don't win want to rely on anybody. europe does have fossil fuels in western europe. they are going to have to have

one big team and they will try to be more green in terms of energy. it's binding europe together. remember brexit and for years europe was splintered and you had the debt crisis in the middle of the last decade they would do fiscal policy. they're pulling together to get millions of ukrainian refugees and the putting in a new energy plan and defense plan that they will put in more money for households in europe, it's a question of can they move fast enough, europe is would be much more united, western europe that has been in decades. >> we all want to clear the air and have cleaner water and have a healthy environment. but those things take time. right now what you have in washington is the move by the democrats to go after the oil companies, the executive and there's price gouging, et cetera et cetera. that is a political story but at the same time we do need fossil fuels. and those prices are incredibly

elevated. it's really the supply chain is hurting every business. >> i think there should be room for compromise. a lot of people do want clean energy but it takes a while. we have the capability to expand the oil production in the united states and we should do that. i will see the one thing we shouldn't do is cut gas prices. the probably don't have enough supplies to cut gas taxes. if you cut gas taxes your encouraging them. we need to compensate for low-income consumers for the loss of purchasing power but don't cut gas taxes but ripple production encourage people to produce the fossil fuel short run and clean energy in the long run. cheryl: i'm so grateful that you said that i said that on fox news and you have a great viewpoint. the 360 view of the world. anything else that you want our viewers to know as we go through some tough times not just with what were seen in ukraine but with the market.

>> is very volatile short run but the long-term thing is what jay powell is talking about today. the federal reserve is going to push up long-term interest rates. as those interest rates go up, the evaluation of security is going to matter more. that in the long run we like the value of little bit more than growth and is a tough time right now in the world but they are cheaper than the u.s. equity. emerging markets, china and europe, once we get past it those securities are a lot cheaper than the u.s. equity market, you want to make sure you're not short the rest of the world with the interest rates go up. >> those particular groups the last two years of the pandemic have stalled out. a lot of those emerging markets are simple. >> it's really a technology growth story during the pandemic. as we go into a world a little lesson certainty in higher rates, the stocks with the with valuation will keep better. >> takes you to have you to give her your perspective.

>> the first day of senate confirmation for supreme court nominee judge ketanji brown jackson underway in washington. kicking off the first day of four days of testimony. the nominee will undergo what stephen breyer seat. president biden's supreme court nomination with the commander-in-chief discussing the situation in ukraine with the leaders. the press secretary jen psaki say moments ago that they talked about russia's brutal tactics. later we expected to attend the business roundtable ceo quarterly meeting where the ukraine war inflation and skyrocketing energy prices will be on the agenda. edward lawrence joins us now by from the white house. good afternoon. david kelley's boss was here at the white house jamie dimon coming into the meeting. the president was not supposed to be in the meeting, the ceos and weaving the president did

step into the meeting for 20 minutes. those folks met with a number of officials at the white house reduce either the national security advisor and treasury. in food producers. the president updated all of them and the invasion and what's happening in russia and ukraine. senator ben sasse says that's easy to unleash american energy. >> we should be moving towards energy independence of the biden administration should get out of the way with north american energy production so the europeans don't continue to make so many stupid decisions of tying themselves to pollutants

energy supplies. we should cut afresh from energy supplies. alvin and the room and all of the presents have had so far in the invasion of ukraine the ambassador says nato is to blame for the invasion the president biden did not want the crisis in the chinese have also said that they will support russia's economy through normal economic operations. in a phone call with president biden and president xi jinping on friday, president biden outline consequences including sanctions on chinese companies, should try to get military equipment into ukraine and the u.s. right now watching and waiting to see what china does. cheryl: is a delicate dance. thank you.

running low on missiles in the month-old war against ukraine. mark is here to tell us how he sees the next week and the battle for ukraine's freedom playing out. let's take a look at the big board right now we were gone for 13 of the dow, we've come back up of session lows, the market taking eight a drastic turn. when jerome powell made the comment that he was about to get aggressive on rate hikes "the claman countdown" we'll be right back. 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. stay in balance with invesco's rsp.

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cheryl: we are getting breaking news. the white house press secretary jen psaki says the u.s. wants to hear china condemn russia's actions on the ground in ukraine. the press secretary of the pentagon john kirby is set to brief the media any moment from the pentagon about the russian ukraine were. justice after did the state department confirm u.s. ambassador sat down with russian officials today demanding more from access to u.s. citizens that are detained in russia.

this morning ukraine rejected an ultimatum to surrender variable one of the largest port cities to russian forces, the city has been incredibly damaged thousands of civilians are still trapped there right now running low on vital supplies like food and water. i want to bring in the senior advisor with the center for strategies in international studies security program. we tried retired colonel mike and trademark spent three decades included the vietnam, desert storm, to colonel give me your assessment as far as the situation on the ground in ukraine and how the forces have and how much ground if taken in ukraine this far. >> they have been taking a fair amount of ground and from the north towards kyiv and northeast towards kharkiv and on the east they made a fair amount of progress in the south but they

have stalemated all the weapons that we have given to the ukrainians and having an effect in the russians are making much more progress. >> obviously one of the things that we talked about already they may take a more aggressive tachy that spoons frustration. now the hypersonic missiles, those are very expensive, $100 million per missile. this is in the middle of the sanctions of the u.s. have imposed. in banning russian oil, that is money out of putin's pocket. how long can they sustain the bombardment of ukraine? >> it's not clear how long the russian military can keep this up, the reading out of omissions but they can turn to omissions and about more risk and there's enough precisions and the be suffering on the civilian side, the russians are running out of morale and supplies and people. they've taken 7000 killed, twice as many wounded.

they probably only have a few more weeks of fighting left in them before they stall. cheryl: i want to bring up the piece that you will in forbes, a very well-thought-out article is basically what do you think could happen and what should happen to in the conflict between russia and ukraine. he said it's time to make put an offer. what are the things that you say president zelenskyy should offer putin a neutral ukraine. those discussions are happening but lay out the other point in the article for us. >> president zelenskyy has in fact offered a neutral to ukraine. he recognizes joining nato would be very difficult, i think that would be a deal that nato could accept because they would be giving up something they would do anyway which is about ukraine and. it might be an offer putin to say the defendant off nato and

therefore could take his forces home. as he did that the united states might offer to draw down its forces that sentiment as reinforcement and also be a deal on sanctions. i think it's possible all around it the outlines of the deal. the only problem putin thinks he can win these out at the position where he thinks he be willing to accept a negotiated settlement. cheryl: that's something he detailed with emmanuel macron. >> that was ten days ago. we told macron that he was going for victory and sometimes he'll recognize in the military will tell him in the stalemated and it's time to make a deal we're pushing a month of this. many military analysts came on fox platforms and said that they believed ukraine would fall to russia. do they still believe that in

your community, do you still believe that? >> no, i think the consensus has shifted. what corrected early on it looks like russia had forces and better trained and better equipped, the belief was they would grind ukrainians down even though there creek field but ukrainians have put out much tougher resistance that was expected in the weapons out of come from the west have helped tremendously in the russian military has done much more poorly than people that expected. i think the expectation across the community is for a stalemate. cheryl: my question earlier about funding. we will talk more about that later in the show. military operations take money, disputant have that, how much and how much can he last with the sanctions a particular. it was great to have you here, we appreciate your perspective. thank you.

switching gears, the oracle of omaha, there he is with liz, 150 billion-dollar war chest to buy a business striking similarity. details of the big guy straight ahead and pop stocks. make sure to tune in to american dream home every tuesday night eight and 8:30 p.m. eastern time that is only on scn prime. let's take a look at the big board, 316 off of session lows. these comments from fed chair jerome powell about aggressive rate hikes. i will not say cut again by accident although i wish that could happen. the dow is down 312. we'll be right back. you and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time.

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you look at the live pictures. she is testifying before the committee, this is the first of four days of hearings for her. president joe biden nominated the first black woman to replace stephen breyer who is retiring. obviously there is going to be a lot of back-and-forth over the next few days and even mitch mcconnell has said he promises to ask her tough questions, both sides saying they expect a good proceeding over the next four days and again, it's a lifetime appointment for the supreme court will be following all of the developments from setting judiciary. any news breaks we will bring on fox business. >> we have a fox business alert, boeing is under pressure after a 737800 plane operated by china eastern airlines. 132 people crashed in southern china this morning. the aviation the administration of china says allows contact

with the number of deaths is currently unknown it was a 737800 not a max and not resume commercial flights in china after his grounded globally from march of 2019 and november 2020 following two deadly crashes. the u.s. ntsb is sending a safety investigator as a u.s. representative to investigate that crash in china but boeing has been one of the bigger drags on the dow today. it is down three and a quarter percent. earlier it was gone within 6% so the stock has come back a little bit with the plate was at 29000 feet and a nosedive it was a rare currency, you don't see the aviation. the wheat is lower, there is the eastern airlines and that stock is down six and half percent. let's move to brookshire hathaway, that is higher right now take a look at the shares up almost two and a quarter

percent. they say they're gonna buy insurance company for 11.6 billion in cash that is about $848 per share this is the biggest deal since 2016 higher by 25%, this is normal when they the ones being bought, brookshire hathaway the buyer or investors trading off nielsen holdings after rejected denied billion-dollar bid from a private equity consortium, the video ratings dismissed an offer from elliott management and others saying the offer was too low. nielsen has been under pressure a streaming service in the rate how viewers watch the programming. nielsen is out of a state preset. coin bases under pressure after show short seller study shorting the stock. coinbase packet april through direct listing in the stock at

the time was overvalued. there he is. there is a report that goldman had executed the first over-the-counter crypto trade with galaxy digital. you want to give me the latest crypto and it's almost 41000 were off of the bozo we saw a month ago ethereum as litecoin is in the green. retail stocks with the market the company's like gas, bath and body works, best buy, home depot and lows are facing challenges to keep the customer satisfied. with inflation driving up prices companies are trying to thread the needle the key practice down to avoid a customer revolt. i want to begin madison all worth she is live here in midtown new york city. macy's is so great about their sales even they are having a tough time keeping their

customers happy. >> that is right they absolutely are we're dealing with is inflation. customers are pushing back at the best way that they can and that's i keeping their wallets closed. when it comes to inflation you cannot avoid it at the problems with housing and fuel all of that is inescapable. while people cannot see is that the ball or stores like macy's in these retailers are feeling the pressure. for example macy's tried to increase the price of budget sophism mattresses by $100. customers did not like that they do not have the room of their budget to pay more with the budget items in macy's has to adjust their prices as a result, one of the stores that been seen happening across the board. right now because of inflation

sales are doing well on average retail sales were up 17.7% in february compared to last year that is despite inflation but companies like shades of light they know with fewer customers something needs to change the sales are doing well but fewer customers you have an inch increase for volatility because the loyalty jobs even more he could have real serious problem that's whether doing everything that they can't hold on to the customers they currently have. take a listen. >> prices increases to come once a year over the past of the 12 months river price increases almost monthly which is unheard of. we are going to lean on her own suppliers to minimize that so they don't absorb as much of the price increase as they can. >> brian says the store is absorbing some of the cost and is looking to increase the production to avoid costly supply chain problems that is a lot to the inflation and hoping to get more customers back. it's good to be a challenge. 43% of consumers in february, ff crisis continues to rise they're

gonna delay the less important purchases. americans are exerting pressure on retailers whenever they can when it comes to the unavoidable inflation cost. there is only so much they could do and they are able to wait, that's exactly what they're doing. cheryl: madison i know it well were looking at gas prices now. that is another unforeseen cost jump that americans are dealing with. it's a double edge sword. madison all right, thank you very much. i was just talking about this with madison. high gas prices forcing uber and lyft to keep their drivers from quitting. jeff locked in the city of brotherly love as the gas surcharge goes into effect. let's take a look at the markets we are often session lows and coming back a little bit down and was down for 13 data 287

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cheryl: oil is up about 22% since russia invaded ukraine causing gas to hover at near record high prices, the price of gasoline is lower over the weekend some companies are forced to change the way that they operate to confiscate for the higher cost. like rideshare companies today, the lyft ride is it more expensive and they will implement the fuel surcharge at uber. i have left changing things as well from the lift express location jeff flock. where is extra money going.

>> is going into the pockets of the drivers which is the good news, the problem is only 55 cents a trip. this is the place where they rent vehicles who don't have their own vehicle who wants to drive for lift. a lot of vehicles out there behind me not as many takers as normal and there was a survey done called the rideshare guys and more than half 38% said they are driving less 15% say that they quit driving. more than half, as you report with uber in lift taking steps to put a little more muddy the pockets of the drivers and the folks that drive for them like walmart, grubhub and doordash trying to do various things, most of them do the gas surcharge.

today extra 55 cents the pockets of the drivers who were saying a little less for uber eats and its descartes also short trips in each per trip. driver's-side that is not enough. doordash is doing cashback they have a cash back card 10% also they are rewarding drivers for taking more trips if you drive 100 miles a week you get an extra $5 an extra $175 you get an extra $10 the drivers say that doesn't really pay for extra gas if they're having the extra money in the face of gas. take a look at a protest out in redondo beach california. this is amazon flex drivers. they got together amazon flex is the one where they can drive and deliver packages in small packages with your own vehicle. they have not done anything yet and the protesting author.

the drivers say this is not making it. a lot of them are saying i think i'll hang up the car for now and wait for a better time. forget an electric car. it will be rewards member having an electric car. >> motorcycle that is using a very large amount of gas. less than my car. cheryl: good point. speaking of myself, $10 extra week, thank you for nothing. >> it seems like a drop in the bucket. >> jeff flock live. >> good to see you. russian stumbling, stock markets were closed can russian president vladimir putin try crypto currency to evade

devastating sanctions, one crypto binder with operations is scared to answer the question. that is next pre-take a look at this you never know what can happen on the last hour. we are off of session lows but thanks to boeing and jerome powell looking at a negative close likely. now down to 87. "the claman countdown" is coming right back. ♪ with my hectic life, you'd think retirement would be the last thing on my mind. hey mom, can i go play video games? sure! ...after homework. thankfully, voya provides comprehensive solutions, and shows me how to get the most out of my workplace benefits. what's the wi-fi password again? here... you... go. cool, thanks. no problem. voya helps me feel like i got it all under control. because i do. oh, she is good. voya. well planned. well invested. well protected.

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make your business future ready with the network from the most innovative company. comcast business. powering possibilities™. cheryl: breaking news right now is system status page on apple's website showing all outages including app store, apple tv, apple music, other apps has been resolved, the outage occurred earlier this afternoon they are

reporting users were saying multiple outages on different platforms. there is apple stock, the stock is higher by about a quarter of 8%. sanctions against russia have completely collapsed the ruble russians have turned to crypto currency. with russians throwing their wealth into crypto the financial stability board is sounding the alarm bells they are warning digital currency could be a sanctioned loophole. all of this is crypto exchange refusing to block russian accounts despite ukraine's request and russia's largest bank. they secured an approval for digital assets to their clients to invest and build an income. they joined lighthouse it was the first to get the seal of approval back in february. a fox business exclusive. the network chief operating officer jean hoffman, it's great to have you here. obviously this is your world not

mine. i know that you're on the side that we should not take away the access to crypto currency for average russians because now as we are seeing with the stock market closed and the central bank and their interest rates at 20% average russians are turning to crypto currency. fair enough. >> you say this is not a way to evade sanctions? >> it is not want to move large amounts of money the block chain is an audible database and exactly where you move it to read as much of the exchanges are banned in russia there are absolutely banning those of the sanctioned list. if you have a misbehaving exchange the easiest way is to see the funds and go to the exchange and that is where we should have the department of justice another supplying the correct regulatory pressures. >> to you think the russian financial institution, the banks do you think that they should also continue to have access to crypto currency. i asked that because those are

banks and that are very close -- they are prudent banks. i don't know how else to say it. money can be secretly moved in many ways. we've done that for decades. >> we don't throw out money because the money laundering. the issue is it's been ironic statement that most banks globally have been very afraid of crypto and remain that way. the people who are using are the ukrainians instead of a suitcase full of cash to get out of the country and bring the wealth with them. >> i'm glad you brought that up it's become a true lifeline after president zelenskyy made that move. all the donations pouring in around the world, to your point are in crypto. you have russian contacts and farmers. >> are farmers on both sides hate the situation obviously. it is been amazing to see how many ukrainian farmers have stayed online and continue to

validate which is yet again an understatement of how strong their will to defend themselves is. the whole point of crypto currency is to bring control over your wealth and your future fact individuals. it is important to make sure that we are making it so images can do that. if anything it could be centralized services that are the most easy to enforce against and the most easy to track. from that perspective i think it is really critical to keep in mind like a lot of technologies can be used for good or bad but on balance it's generally good. cheryl: that was my follow-up, the wrath against crypto years ago before he became the mainstream that's what terrorist and human traffickers and drug cartels in mexico that they were using that they refunded their operations into obviously breaking the law and do horrific things. i do want to ask you these are the oligarchs, these billionaires have properties,

yachts, homes and llcs up the was due around the world. i don't know how else to say this. they know how to evade the sanctions. they got lawyers and teams of lawyers around the world that could do that. they can use crypto and they will. how do we stop them. >> 98% of the sanctions will be using banks and using the other infrastructure the theory got access to. when you start thinking about what a billionaire can move, there is only about $20 billion a day a bitcoin traded. if you were to move $20 billion in double the size of the bitcoin market today. i think that is important to keep it in perspective, 98% of all of this money laundering that is happening in banks and yachts and properties and all the things that are already doing turning to crypto is not necessarily the way they will be the sanctions. >> to your point i want to bring that home tour viewers, there are mechanisms in place in the block chain that will catch a

transaction over a million dollars. >> we joke that the fbi may have tried to convince cyber criminals to use bitcoin, please don't throw us in that patch. even as we saw the colonial pipeline. the fbi contract, trace and recover crypto currency that is harder. >> i made a joke to a friend that the law enforcement said the russian hackers are pretty smart and her response we have u.s. hackers that are pretty smart as well. maybe they can huddle the russians. thank you, sir. >> thank you for having me. >> with oil pumping backup near $110 per barrel the countdown closers on commodity avoiding the crude boom and bust cycle were in. the closing bell ringing seven minutes from now. ♪ ♪ ♪ we all need a rock we can rely on.

to be strong. to overcome anything. ♪ ♪ to be... unstoppable. . . who's your rock?

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♪. cheryl: well, while oil is still above $112 a barrel, excuse me, investors looking to finish the first day of the week in the red, with jerome powell, obviously the s&p trying to turn it self around. we have four, three minutes to go. we're down six. bring in you have a say maria mutual fund chuck garcia. i want to hop to your picks because 15% of your portfolio has commodity exposure. a lot is oil and ethanol. what is the big picture take on the commodities market right now? >> well, that's right, 15% of the portfolio is based on commodities but we want to be in companies that avoid the boom bust cycle. one is texas pacific lan corporation. they are the largest landowner in texas. most of that land is in the

permian basin and they own minerals underneath the surface. large companies like chevron, explore, frack, and develop oil. every oil barrel that comes out of the ground if it is on tpl property, tpl gets a royalty for that. cheryl: is that still happening? there has been a lot of back and forth about that, about new drilling? >> the new drilling challenges have been mostly on federal lands. so texas pacific land trust is the owner of their land, so it is not federal lands. cheryl: private. so a different story. there is a particular interest from chevron, interesting you're saying drilling there. you like this as a ethanol play. green plane. >> green plain is aethnal company. they have 25% protein product used in animal feeds. they have a new technology which allows them to produce a 50 to 60% protein product which

dramatically increases the value of that by-product. historically the company made about $50 million in ebidta per year. through this new manufacturing process they should make 400, $500 million of ebidta. they are exposed to energy prices with ethanol, ag, protein prices with the feed independent ingredients but the real change in their earnings is the new manufacturing process. half of their plants are converted by end of this year. cheryl: interesting. look, ethanol is still a big story for gas blending especially for california. real quick. area. >> what they do they collect methane released from landfills and landfills release a lot of it, they do it for several decades. they collect this methane and once they do that, they can do one of two things. first they can burn it on site, transform it into electricity to sell to a local electrical grid and or clean it, inject it into

a natural gas pipeline and sell it as natural gas. cheryl: interesting picks. charred garcia, real interesting play. i hope our viewers take a look at what you're doing over there. the dow down 205. [closing bell rings] the dow falling first time in six sessions. we're off session lows. that will do it for "claman countdown." i will be back tomorrow. "kudlow" is now. ♪. larry: hello, everyone, welcome to "kudlow," i'm larry kudlow. so in today's white house description of president biden's schedule it says he will join business roundtable ceos to talk about russia's unprovoked and unjustified war with ukraine, good, and it adds the president plans to lower costs for working families, create good paying union jobs and tackle the climate crisis. really? i will bet those hotshot ceos are just