attention to look at the fundamentals this could be what you're looking at. for hundred%. this is why watching the show is worth it. cheryl casone and for liz claman. i have a fun fact. five straight days the s&p 500 in the last hour of trading is up .33%. that is remarkable, can you keep going? >> i'm still impressed by the fact that you were up at midnight. i have not seen midnight in years. charles payne, thank you very much. we do have the balance going on right now tuesday markets are shaking off finally. yesterday's fears, the s&p 500 popping back about 4500. look at the chart that charles showed you. big tech financials are driving wall street higher right now. oil is holding on kind of strong

$112 per barrel we will continue to watch as he was happy with oil, the doubt up to with the vanessa po 47 and the nasdaq 277. it is at 27 russians were in ukraine. seen more death and destruction. vladimir putin's forces continue shelling the ports of mariupol. hundreds of thousand trying to escape as food and water become scarce. while the european cut back on russian oil and natural gas to hamper prudence funding of this war. one of the nation's top russian energy experts answers that question tomorrow. meanwhile american farmers are feeling the fallout from russia's invasion. russia and ukraine are major exporters a fertilizers and wheat at third of global supply crude prices hitting records after nations are stopping exports while they fight. we have a couple farmers here. tell us what they're seeing in the field as the spring season

gets underway. it is a battle that could finally decide what is the security a to currency. ceo and founder here to explain his side of the case in the fight against the sec. and you begin with the fox market alert. the dow is just doing it, nike style. this is a true thing that is happening to the market today. fiscal third-quarter results topped analyst estimate to robust demand here in north america. nike did not given outlook for the upcoming fiscal year due to supply chain challenges. the war on russia and the rising holy cases in china. look at nike the stock is up within 3%. a coal mine for athletic apparel retailers, they have some of the global exposure. nike is a barometer for global business conditions overall.

this is a closely watched for several reasons. as you can see right there nike is stronger but look at lululemon, sketchers, all birds, all of these are in the same space. they're moving in tandem higher with nike. now to the dow coming off of a very volatile session yesterday we were there. remember those comments from chairman jerome powell, he said central bankers would move expeditiously to curb red-hot inflation. even hinting at raising the federal funds rate by about 50 basis points. the market overall has looked for 25 basis point raises. this is the benchmark ten year treasury yield to 2.39%. that was the highest level that we have seen since may of 2019. as yield rise prices fall. financials moving up with these bond yields right now. a lot of questions and a reversal of thinking if you will about the comments from jerome

powell yesterday. it will also be rising yields and put a damper on demand as companies like nike have to navigate potholes. we want to get to the floor so scott pullman and tim anderson. i will start on a couple of things. the thinking on the market fascinates me. yesterday they had a massive selloff over the comments by powell. we look at goldman sachs said rethinking 50 basis points rate hike in may and again, one in june. both months. that's pretty aggressive. today it seems that mark is saying wait a minute. powell's comments believes the economic recovery, the economy is strong, what is it? >> i think there is a number of things going on. first of all the fed is trying to curb off inflation. you have inflation coming from areas that are increase in the

rates is not going to affect. higher oil prices you raise interest rates is that going to affect what people are buying in oil? no, they want to pay more per oil. labor costs are going up and that's causing prices to go higher as well the fed is making adjustment and getting more normalized rate often 0. people should be paying something for borrowing money but the fact is that's not what they're looking at and that's what the marketer looking at. the market is really looking at opportunities, where can we find opportunities. we have nike, take a look unfortunately we had a catastrophe yesterday in china with blowing airliner that went down. boeing stock got hit today attire people are looking to go shopping and looking for opportunities and that's going to drive equities higher. speed went to the point about blowing the airliner, the investigation is going to take weeks but it was a rare occurrence read a lot analyst

think something might happen to the cockpit. i want to point that out because the bank analyst are talking about that. it is higher, let me go to you on another line of thinking. i'm hearing this from business executives and recruiters across the board there is concern of recession on the second half of the year. if that does happen we are talking about a slowdown. what is your take? >> i think you would have to have a major dent to the growth momentum in the economy to actually get a recession in the second half of this year. going into 2023. there is more valuable second come into play but getting back to the fed's action there have been a lot of seasoned professionals in the market that had been pounding the drum louder and louder about how concerned about inflation and the fed chair yesterday said that inflation is much higher

than it should be. the fed objectives is very important sometimes and for them that is a very strong statement. for everyone. after a fed meeting the first reaction is the wrong reaction we sold off yesterday and bounced towards the end of the day. if you were really concerned about inflation and you want the fed to go up and fight inflation you should cheer on a couple of 50 basis point hikes over the next two meetings. >> again i'll leave this with you. were expecting the rate hikes maybe not the pace that he was talking about yesterday but the rate hikes will cool off the economy and this will bring inflation down with americans which is soaring prices for everything.

>> it should cause americans to cut back in the pricing. the real impact is going to be those on businesses. businesses that are trying to restart following the pandemic. i think those are the ones that could get hurt from rate hikes because they need every little bit of advantage that they could get at this point. the fact is you're still above 0 on the fed funds and that is historically extremely low and that needs to be normalized a bit. i think the debt behind the eight ball and it should've been done a while ago. i think they're just playing catch-up. cheryl: they were slow to act another playing catch-up. we have a bottle breaking news to get to this hour. this is first. national security advisor jake sullivan, it was a picture of

the white house a few moments ago, he gave us a preview to belgium into poland this week with the white house briefing and sullivan saying the president will announce a joint action plan with nato allies with energy security. it reduces the russian oil and natural gas. we heard today is not so jazzed about pulling off of russian oil. it comes as u.s. energy executives here are pushing the administration to ramp up domestic oil production admitted high gas prices. record high gas prices. i want to bring in hillary vaughn at the white house. i have to add white house press secretary jen psaki made some news of her own disaster. >> good afternoon white house press secretary jen psaki announced she did test positive for covid. she will not join president biden to brussels and poland this week. at the briefing she was supposed

to attend but did not attend, we did hear from national security advisor jake sullivan who previewed a big shift in the presidents posture toward u.s. energy. what was seen as potentially a threat to president biden's climate goal energy production of non- green clean sources of energy is now the answer to rating in russia. this week we did hear jake sullivan say the president will announce a joint plan to try to wean europe off of russian oil and gas. the white house previously has said they are not going to pressure or bully some of the european counterparts to get off the energy supply because they realize they have very limited options. >> when the president announced

the united states was going to ban the import of russian oil and gas he was very clear he said the united states is uniquely positioned when energy producer, we can do this and we can take the step of banning the import of russian oil and gas and coal and be able to withstand and have resilience against it. he also recognized in that statement the sum of our european allies and partners would not be able to follow suit. that is a different tone that the u.s. energy industry is used to hearing from the white house. oil and gas groups wrote a letter to president biden last week. ten of them representing small and midsize producers debunking claims coming from the white house that they are partly to blame for rising gas prices. perhaps the worst mischaracterization of all by you and your administration is when you said you are doing nothing to hold back energy production that is not true from the first day of this

demonstration. the tone and tenor of your administration attitude toward oil and gas production in the u.s. and the people who make it happen has been consistently and openly hostile. the group also makes the point there are over 4000 permits to drill and develop the leases that they have in limbo that have not been approved and asking for the white house to act on that. it's a quick way to jumpstart u.s. energy production here. >> all the drilling on private land is underway. i would ask you for the quick one of the things that jake sullivan said stating for announcement on sanctions, do you know anything more about that. >> were waiting to see what the details look like. one thing that we know is going to be an announcement by all nato members. the white house and the president has been very particular and clear and purposeful and not getting ahead our european allies and economic sanctions against russia. the announcement will come

jointly this week when he is in europe. >> the president gets underway tomorrow. hillary vaughn live at the white house thank you so much with the european story, the european union back in the way with the ban on russian oil. the invasion of ukraine presses on. we have what are the world's top experts on russian energy. we will ask him why germany and eu members do not rip the rug out from pollutants top funding source. take a look at the markets right now, obviously another volatile day for wall street the dow is up to 23. "the claman countdown" is coming right back. ♪ ♪ ♪ ♪ ♪ ♪ ♪

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about dupuytren's contracture. i thought i couldn't get treatment yet? well, people may think that their contracture has to be severe to be treated, but it doesn't. if you can't lay your hand flat on the table, talk to a hand specialist. but what if i don't want surgery? well, then you should find a hand specialist certified to offer nonsurgical treatments. what's the next step? visit findahandspecialist.com today to get started. cheryl: we are getting more breaking news a senior defense official say they might send more troops to europe as russian forces are being stalled by ukraine. the russian soldiers have halted outside and the capital city of kyiv in bad shape suffering from frostbite with food and fuel

shortages. they are unable to continue prudent invasion against ukraine defenses. president zelenskyy calling out nato claiming the allied nations are too afraid of prudent to do anything. zelenskyy saying he will pull nato to stop putin's were in the peace talks. oil is taken about $109 a barrel right now. the european union has not reached a unanimous decision on whether to ban russian energy that will be oil and natural gas. poland and the baltic steaks calls as that you continues to mull over a decision i want to bring it on fox business exclusive international security policy expert in russia for asia and the middle east. the atlantic council senior fellow doctor ariel cohen. it is great to have you here.

somebody questions. >> it is a pleasure. i would start with how likely it'll be. we are expecting an announcement on sanctions. how likely do you think it'll be that europe will pull the plug on putin. this is the funding. this is how he is funding the war. >> absolutely. russia is earning 9 billion, billion with a b dollars every day from the european purchases of oil and gas from russia. this is the biggest moneymaker for putin. this is what is killing his war machine. the fact that they won't do it in the nearest future is self-imposed. we were telling the europeans for years that there energy policy, especially germany's energy policy that was focusing on green energy and renewables. to the exclusion of everything else in the exclusion of natural

gas in nuclear shell, that is a self-defeating proposition and they did not listen and they did not want to hear it and on top of that the biden administration just got into the white house. they one and they banned further drilling on federal lien. and at the coastal waters of the united states. it would confide natural gas for your. also has a second responsibility for the fact that we are now paying every day $9 billion for the putin war machine. cheryl: correct me if i am wrong he has a month or so of reserves left before. >> much more.

cheryl: much more? how much more? >> russia was planning this work for about 20 years. this is not something that came from out of the sky. i published a piece on the hill of the sixth of january saying this is what the going to do. in order to protect themselves he was unmasking a huge amount of currency reserves and $600 billion. out of the 600 about one half frozen in the western banks and one day it'll probably be applied to compensate ukraine for all the horrible destruction that we are witnessing in kharkiv, mariupol and other cities from my childhood. cheryl: doctor cohen, i follow the money. >> it is about a money. i follow the money that's what we do on fox business.

you see he just came out a few moments ago and says that she believes the russians are using crypto currency as a way of finding operations to continue to evade sanctions. that's one thing i wanted to get rid really quick centering energy expert on the nuclear side of this. we know that they've got chernobyl and they left the workers after holding them hostage by keeping the matcher noble going. there is still concern about putin and his nuclear capabilities. i think he's desperate enough what he make a move, what are your thoughts? >> number one they are now have fires around chernobyl in the areas that are polluted with radioactivity. imagine the forest going up and spewing radioactive junk. this is how apple elliptical this is. this is the picture i hope it's

not the last day secondly you are asking the 64 trillion-dollar question. putin has weapons of mass destruction and he has nuclear emp, chemical bacteriological intervention military doctrine they say will escalate to de-escalate. if he is -- as he called himself a cornered rat, there is a possibility he will use tactical news, nukes or emt or strategic nukes. they were at a whole new ballgame. cheryl: what does nato do? >> nato right now is doing its best to stay out of the fight. i think we are doing it correctly. we do not need a war with russia where russia will feel cornered and used nukes. cheryl: great to have you on

here. thank you so much. we are going to switch gears, disney's dream coming true corporate nightmare. protests over a controversial florida law. we will have details coming up. american dream home that is tonight 8:30 p.m. eastern time hosted by me, that is only on spn five. let's take a look at the big board that dow up to 24, "the claman countdown" coming right back. ♪ this is what real food looks like fresh real meat and veggies. the food dogs where built to eat. the farmer's dog is changing the way we feed our pets. visit tryfarmersdog.com to see your dogs personalized meal plan.

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their networks and applications. it is down 2% but well off of session lows. now the shares of ali baba are on a tear right now to the chinese boost in the stock buyback plan from 15 billion to a record 25 billion the buyback through two years through march 2024, there is ali baba up a levitated quarter percent. that stock along with 10 cents quarterly revenue growth with chinese adrs. a number of particular 5.5% netbeans more than 6%. then you see robinhood they launched a cash card allowing users to get rewarded for investing and spending. customers can choose to round up there change to the nearest dollar and invest in their

choice of assets. robinhood money will give them the bonus to 10 - 100% bonus on their weekly roundup. there is robinhood the stock is up more than 4%. now to disney the stock is appointed a quarter percent. employees are calling for a walkout over the themepark operator on florida school legislation. the company has been under fire for the critical ceo response and take a public stand against florida's education bill. also don't say gay bill. disney at 140 and change. farmers are feeling the heat of spring planting arrives. we need to in fertilizer skyrocketing. we are headed down to the farm to talk to farmers about how the war in ukraine is changing the harvest game plan. let's take a look at the market as you can see a bounce back we are on track to snap a five day losing streak the dow up to 18. s&p at 45 and nasdaq 61. we are coming right back.

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cheryl: more breaking news as wheat and other grain prices soar from the war. ukraine announced they kept the area that corn, sunflowers and soybeans are more than half. the ministry has asked farmers in the fade under phase of a food crisis. wheat is up 26% since russia invaded ukraine. produce a quarter of the world we supply. the profit that farmers can make the wheat climbs think americans wheat farmers is the cost to maintain it. it's a top fertilizer producers in the world. they account for 40% of our global fertilizer exports. that is why the cru, the major fertilizer indexes within 30% since the start of the year.

that has been more recent, with lydia hu is live in monmouth junction in new jersey she is talking to a farmer. high fertilizer and high fuel cost, he may have to raise his price there. >> that is what he's telling me i am here. tim has been working so hard with his father in the field they had been tilling all of the land getting ready for the spring planting of sweet peas. it's the same process they've done for decades. this year is a lot more expensive. the cost of the fertilizer had gone up tremendously. they are fertilizing 300 acres of farmland, last year spreading the dry fertilizer cost around $54000. this year it's going up to $90000. that is not all were tracking diesel fuel, tractor like this takes 40 gallons to get to a

full tank. the price of diesel fuel is up $5 per gallon nationwide. it can bring through a full tank in just one day that is around $40000 to the input cost. i had a chance to talk about the cost of little while ago and here's what he said. >> it is huge, we are doing the exact same thing that we did last year but the fertilizer cost alone we will have to make up somewhere else by charging more for our hope to be a little board more efficient and we don't have to pass those costs onto the consumer. >> now were approaching the spring planting season and so farmers produce less because they cannot afford the entire cost for fertilizer in fuel. economists are warning this could be a global food crisis. here in the united states it's already at a 40 year high.

now were expecting them to surge even more throughout the year. the farms tell us the good have to raise prices on the produce about 20 - 30% later this year. cheryl: i'm not surprised. the american people are getting sadly used to that. great reporting. thank you for showing us what were talking about with our next guest. lydia mentioned this the input cost, fertilizer these numbers are so high and mighty farmers to reap the benefits for what they so. the sprig of the president the national association of wheat growers in washington farmer nicole burge. so much to get to with you. let's talk about the input cost. lydia showed us a farmer he was paying 54000 now it's 90000 for fertilizer. the diesel prices have jumped exponentially and is going to have to raise prices. is that what your members are telling you across the board?

>> my numbers are really worried can we get our coppin and the growing season. 70% of wheat is already planted. we start harvesting april and we go up to the northern parts of the state. i am hearing high, high input cost. they are outpacing the price of wheat. as you said the price of wheat is up 26% but were seeing double and triple prices first fertilizer on the farm. as farmers are not sure how we will do this but we are resilient and hopefully we can. cheryl: russia is a major exporter of fertilizer. are there other sources of fertilizer? >> not necessarily other sources but sources are sources of synthetic fertilizer that we purchase from different manufacturers across the country. when you have a third of the wheat production in question across the world and bring the

whole business plan and that's where the fertilizer cost are skyrocketing on us. we get a lot of pre-fertilizer spreading in the fall. hopefully before the war broke out and fertilizer costs were up. now they keep going up and up as well as the fuel cost. >> when we see from our perspective and prices jumping globally for wheat, you think that would be good for wheat farmers in the united states. you made the point earlier that they already planted last year are they willing to plant more now for next year considering what they're seeing in europe, or is that too risky? >> it depends on the price, the price keeps going up farmers will look at their business plan and see what we can do to plant more. we do have a little bit of flexibility, we do plant our seed this year for this fall a s

farmers as well. for us to make those decisions. the uncertainty across the country right now is a roller coaster ride right now. cheryl: what about the labor shortage? we haven't even gotten there yet. >> we have not talked about labor, that is making everything questionable. again the uncertainty of getting your crop off is at the forefront. i do think we will but we also have the drought we have drafted major parts of the country were coming off a major drop from the year before. we will see what happens in the future. i can't necessarily predict how much wheat will be planted. we do hope that we get quite a bit of wheat planted across the country. >> you are in washington what can the federal government do to

help? >> what are the things that they do we have a safety net with the farmville 90% take crop insurance to help cover those years and my year we run out attend your business plan. in thinking three years of it we might not make any money. that is with crop insurance. now you see the input cost going to the roof. i definitely probably will not make money on the dry wheat this year and i'm hoping to stay in business for the next year. cheryl: i want to thank you for growing my favorites vegetables green beans i.e. them all the time. i will eat more. >> eat more green beans. cheryl: nicole thank you for being here. good luck to everybody. cheryl: the sec throwing in the book at a youtube disruptor over crypto, the library ceo will be

here to explain why his case could be the most important in all of the crypto verse. taking a look at the markets again, snapping a five-day losing streak. 18 minutes to go the dow up to 63 office session highs but still strong. we'll be right back. ♪ your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do.

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cheryl: the security exchange commission claims crypto x rp is an unregistered security has riveted the industry. it's not the only firm battling regulators. library whose app runs on the block chain is also locked in a battle with the sec. it's a decentralized video

sharing platform called odyssey. joy to me now the ceo of library. jeremy, you believe your case with the sec could potentially set a bigger precedent for the crypto industry, more so than ripples? >> absolutely our case is almost going to be decided before ripples case in the fact of our case are no different than tens of thousands of other block chain companies and block chain token. in our case we did not do an icf. there is no fact that's different from any number block chain token if library security and ethereum is a security. i think anyone who cares about the block chain industry in the united states needs to be paying attention to this case. if we lose the entire industry is severely damaged. >> the sec is focusing on the word security in particular

because you sold the coin it was six-point to million. use that and property expenses. is that their beef with you? or they're saying you need to classify what you are selling the library coin differently. please explain that. >> if you have to register as a token you don't have a block chain token which means there's no availability. i could not send you so without going through a special broker. i cannot send you 5 cents without going to special broker it kills the entire thing. what we've done is no different than ripple. i love ripple but we've done things even less than what they've done and what they're accusing. let's not act like there are rules pre-the sec is completely making this up as they go, they're taking the law from the 1940s which is nothing about

block chain and does not apply in the circumstances whatsoever. this is a case in which there is no victim and no fraud and they said these guys did something wrong to me. what they are doing the collecting all of the facts, they're using all of their subpoena power. we spent millions of dollars giving them information. over four years just like somebody throwing the bull's-eye around it, that's what they're doing this set of facts makes it a security and they could do this to anyone and there is no fact that they discover that would be different from tens of thousands of other companies. cheryl: you have said that you offered to pay back the sec to get them off your back and development of companies and extreme offers they keep saying no. he did give a deposition what can you tell us about that. >> i tell you the sec is terrified of providing any standard that a company can be in terms of the creation of a token. that's what they don't want to do given three years ago the sec

insist it's official. this is insane, sativa have to guess what the rules are and if you go in and you asked the government. i asked him again to the deposition and said can you tell me anything, can you give me any positive statements as to how a block chain cavity can follow the u.s. law and have the same standards of bitcoin and ethereum, they said we cannot tell you. it's an insane world. my lawyer said it's like watching paint dry. there is nothing exciting. cheryl: most of the mark, please come back. we have to talk about this really quick, elon musk after he opened his first european factory outside of berlin the

customer delivery of the model why sold to the german plan. the rising prices going to hurt him? we will talk about it. russia is the third-largest producer and nickel. they used an electric vehicle car batteries. saying stainless steel. closing today has insight on the wild moves in this commodity and what this says about the level of the playing field in that market. take a look at the dow. i must correct myself, yesterday the dow snapped a five-day winning streak. my apologies. but we are higher by 216. we'll be right back. ♪ 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. stay in balance with invesco's rsp. ♪ ♪

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it traded lower it did not hit the downside limit. at least it i still trading. that is good news. nickel spiked higher in london earlier this month due to supply fears of russia's war with ukraine. it led to trading glitches. i want to bring in keith. it has been fascinating because nickel is such a important part of electric vehicle batteries and stainless steel industry and russia is a major manufacturer and exporter of nickel. what do you make of today's market action on the contract? >> we have a market that has been suspended for the last four, period, since the 8th of march. reopened on the 16th. we had normality return to the market which is good news but we're trading down significantly from the last recorded high of 5500 before the market was suspended. it is 50% down from that level which is obviously a marked

correction lower. it is obviously significant. cheryl: one of the things been big buzz if you will is this 8 billion-dollar short squeeze by this chinese company. this is shing holding group because after short position they got squeezed. obviously a short squeeze, on paper at least a billion dollar loss. what can you tell us about that now because that is a massive amount of money to be lost and that will infect, that will affect investors around the globe? >> look, i think a number of aspects there. one is, at the point that the market was suspended on the the 8th, the estimated loss was 8 billion. that destabilized totality of base metals market and created this existential crisis in, at the lme, with respect to its role at the center of the metals global supply chain. but also now i think that the

key thing is that the volatility that has been created within the marketplace is going to affects the totality of the global supply chain in terms of all the metals. we've seen a decrease in aluminum and copper metals which is very active. it is two felled. obviously you have the economic cost. but more importantly it is a question how the base metals market foes forward from here in terms of the lme's role and the volatility that was created and how counterparties and market participants can deal with the volatility. cheryl: this has been a bit of a stain on the london metals exchange which by the way is owned by a hong kong conglomerate. not a vote of confidence in the lme. >> i wouldn't say their finest hour, without question. certainly in this instance, a lot of questions will be raised about how the lme goes forward from here. how it, how it maintains its

position as the center of the base metals price discovery process globally going forward. >> since you have experience in, i know you cover base metals now but precious metals i want to ask you about gold, what has been going on in that contract. that flight to safety i guess was not a surprise four weeks ago when russia began to invade ukraine but there is a lot of questions about it if, excuse me, gold is still the standard for safety in the world. what do you say? >> yeah. i mean, look it has been pretty much time in memorial. i can't see that changing in the near term. we certainly saw with risk aversion and also the inflation story, we reached a high this year of 2070. we're currently trading 1920. i think in terms of sort of direction from here, given the sort of fed we saw yesterday and their aggressive rate strategy i'm probably looking for a bit of a correction i would say probably down -- cheryl: there you go.

that answers my very. keith, thank you so much. really fascinating story what is going on. we obviously looking at a positive day for wall street as you can see. the dow closing higher by 25points. [closing bell rings] we go into the final moments. s&p and nasdaq as well. that will do it for "claman countdown." that is it for me. see you tomorrow. coming up larry kudlow ♪ larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. so after speaking yesterday to a group of washington business economists fed chair jay powell had a very revealing back and forth with a bunch of reporters. i want to explore it. inflation is the number one problem in the country. a recent "wall street journal" poll had respondents what is the most important issue? inflation was at the head of the list. twice as many people cited it as the second