like we said earlier on the show there are human lives at stake here, innocent humans that are getting put in harms way. we have a responsibility to do all we can to give them hope and support. maria: well, its been a great show, and great day having the both of you, lou basenese and james freeman, thank you so much for your expertise all morning have a great weekend, have a good weekend, "varney" & company begins right now stu take it away. stuart: yeah it was a great show good morning to you, maria and good morning, everyone. it has been quite a week. here is how we're going to close it out. president biden has announced an energy deal, germany will reduce its purchase of russian nat gas, america will boost its nat gas sales to europe. no word on increasing american nat gas production. biden is about to arrive in poland. he'll meet president duda. we're hoping to get some clarity on those mig jets that poland wants to supply to ukraine. we've yet to receive clarity on

our whole goal in ukraine. dreadful news from mariupol. local officials quoting eye witnesses who say there are 300 dead at the theatre which was bombed by the russians. a thousand people have taken shelter there, rescuers came under fire, 300 dead. overnight, russian forces remain bogged down, not advancing, they are still shelling civilians. the ukrainians are still counter -attacking. the war is now in its second month. oil prices dropping. europe's energy deal does not immediately cut oil exports. the price of oil down, but it does cut russia's nat gas export s, nat gas prices up. here we go again. gas prices are starting to go up again. the average for a regular gallon of gas is now 4.24, and diesel is a problem, moving higher as well. we have an average now for diesel across the country of $5.08 a gallon.

stocks again on the upswing. not a huge rally by any means but i see green. the dow is up 75 points, s&p 13, nasdaq up 41 points, and bitcoin reached $45,000 a coin earlier. i'm squinting, it's at 44, 800 right now, ethererum well-above the $3,000 level. at the president's press conference thursday, he said there will be food shortages and that will mean higher prices. food price inflation will get worse. he didn't say that. i'm inferring that. he also took an egregious swipe at former president trump, on foreign soil in the middle of a war, biden linked trump to neo-nazis. i county an american president should do that. friday, march 25, 2022 "varney" & company is about to begin.

>> all right, roughly 15 minutes from now president biden arrives in poland. he's heading to the border with ukraine after announcing a deal with the european union to limit their reliance on russian energy do we have details on this lauren? lauren: so the u.s. will provide the eu with extra gas, 15 billion cubic meters by the end of the year, okay? the block takes 155 billion cubic meters from russia, so it's not a lot and it's going to take a while to get there and just to put this in perspective, germany doesn't even have an lng terminal to take it, okay? we don't have enough supply quite frankly, which means we might have to slow some of our shipments to other countries in order to help europe on its dependence on russia so it's a mess. stuart: god forbid we should increase our own supply of nat gas by fracking more, but he won't do it. lauren: symbolically, we are doing something and with rhetoric we are as well. let's go back to the war militarily because we have seen such a shift in momentum now that we're in month two.

british intelligence says ukrainian troops are recapturing towns as far as 22 miles east of kyiv, as russian troops fall back on over-extended supply lines and russia is so desperate right now their forces are using unguided bombs to attack. that is scary. that's when you do all the damage and you hit civilians stuart: british intelligence often has a good handle on what's going on 22 miles east of kyiv, reengaging the russians, that's important. thanks lauren. reporters pressing president biden on the effectiveness of sanctions against russia. biden claims u.s. sanctions were never meant to deter putin, despite his own white house saying exactly that. watch this. >> i did not say that in fact the sanctions would deter him. sanctions never deter. you keep talking about that. sanctions never deter. >> the president believes that sanctions are intended to deter. >> the purpose of the sanctions , in the first instance, is to try to deter

russia from going to war. >> we want them to have a deterrent effect clearly and he hasn't invaded yet. >> the purpose of the sanctions has always been and continues to be deterrence. stuart: oh, my goodness what a contradiction. christian widen joins us now foreign policy expert. why is the president trying to change the narrative on using sanctions? >> you know, it's anyone's guess, but probably because the sanctions haven't deterred vladimir putin and haven't apparently influenced russian strategy and all russian strategy was probably to try to knock off ukraine as fast as possible when that didn't happen, they've now sort of turned around into a defensive posture so the ukrainians would have to go on the offensive. you said it earlier. americans probably wondering why we have these financial sanctions, which are in fact what's driving gas at 4.24 a gallon and diesel at 5.08 a gallon. vladimir putin's war didn't actually disrupt any production or export of oil. it's our sanctions that are doing that, and if they aren't having a deterrent effect, you may wonder why we have them. stuart: why does the president

shy away from any idea that we might win in ukraine? now i'm talking not diplomatic ally here, i'm talking about militarily. why does he never use the expression "win" in ukraine? >> behind the scenes the administration is hoping that a negotiated settlement comes quickly. in fact, those talks, there are a bunch going on but facilitated by turkey and so that's going to be an unpleasant agreement because putin holds a lot of territory here. he has this land bridge to crimea, he has more than he wants, he's surrounded parts of kyiv as you said it's a fluid situation, but it's something he can negotiate with, and he's also going to want relief from sanctions, so behind the scenes, this is something that the administration is encouraging, so it be inapt to talk about victory and tomorrow talk about how great this deal is that cavs up ukraine. stuart: yeah, how do you feel about that, because any deal reached now would, it would carve up ukraine. the russian state in place

control what they got and never leave. can we have that? do we approve of that? >> i don't think we approve of it but it's just the reality of the situation. president is putting on a brave face and talking about nato unity, europe unity. he does sort of have that, but as we just heard, there's less than meets the eye with this new gas deal, even the limited amounts that are talked about. i'd encourage you to look at the white house fact sheet. it's a lot of green mumbo jumbo, climate change this , netzero that, very little on how you get actual natural gas and as far as unity india is not with us, the uae and saudi arabia not with us, brazil, china, so russia has a stronger hand than we're letting on and unfortunately that's going to lead to an ugly deal. stuart: got it christian widen thanks very much for being here we do appreciate it see you later. all right, back to the markets. i see green on the futures board , so to speak, but there's not that much of it up about 85 on the dow, 40 on the nasdaq. kenny polcari joins us this friday morning. the markets well off the lows.

you're seeing something of a bounce. where is the bounce going, kenny >> well, you know, i said in my note this morning, good morning to you, 45-60 is the key level to watch on the s&p because that's the trend line resistance , right now it's resistance. now, we've pushed up and through the other two trend lines, this is the last one. if we push up through this one, then the algos will kick in because it's a technical signal we've busted up through the trend line resistance you'll see supply on the sell-side dry up and move higher and leave a vacuum on prices and potentially the market will surge ahead, right, as the algos kick in. that's a key level this morning that's less than 1% from where we closed, it's about 40 points from where we are so just a little bit less than 1% and with the futures up this morning, that feels like what it wants to do. now if that's the case, then we'll see that, but i think at that point you have to sell into , you have to sell into the rally a little bit or at

least not chase it anymore, because i still think there's a volatility ahead with the geo political crisis that's continuing to happen, and the uncertainty around the fed. stuart: look, i think the market is settling down a little, seems like it. the volatility is not quite as extreme as it was a couple weeks ago. >> yup. come all the way down about 40%. stuart: yup, it was, all the way down, but i'm still not putting my money, fresh money, into stocks. i'm still putting any fresh money into cash. what do you say to that? >> okay, so i think that's okay at the moment. i certainly wouldn't be chasing it because like i just said, i think if we bust up and through here, you're going to, it's an opportunity to sell, right? so new money, i be leaving cash just like you said because i think you're going to get an opportunity to put that to work when the market backs off again, because i don't really think that the market understands the implication of really the fed, you're right the geopolitical events will settle down, they won't price stock in the long term but monetary policy and economic

stats data points will, and i think that as inflation continues to rise, jay is going to realize in fact he is behind the eight ball much more than he thinks and he has to get aggressive but that may not come until july or september and that's, i think, when you'll get more volatility, but i would keep new money in cash and i'd just start making your shopping list. stuart: you got it. kenny polcari on a friday morning, nothing better. thanks for joining us, kenny. we will see you again soon. >> have a great weekend. stuart: a new fox poll shows president biden is in real trouble on inflation. numbers, please? lauren: 52% of voters say gas costs are a major problem for their families. it's the majority, and 68% blame biden as well as the war, for what is going on. that suggests this blame putin white house strategy isn't convincing to many voters and president biden this morning continuing to highlight the green ambitions through all this. listen. >> this crisis also presents an

opportunity. it's a catalyst, a catalyst that will drive the investments we need to double down on our clean energy goals and accelerate progress toward our netzero emissions future. stuart: wait a minute. we've just said that we're going to put a whole bunch more liquefied natural gas into europe but we will not raise our own production of liquefied natural gas in america. lauren: exactly. it's a contradiction and we can walk and chew gum at the same time and voters think so look at the top two numbers. three-quarters say let's increase our renewable energy sources, the same numbers say let's drill more. stuart: okay. lauren: you can do both. stuart: of course you can do both what's wrong with that? lauren: create american jobs in the process of doing both and help europe out right now but they refuse to do that. they will not back down even a little bit from those green ambitions. stuart: i tell you green has really got power, god lord. lauren: here and in europe. stuart: back to the futures, futures suggest a modest gain at

the opening bell this friday morning. president biden says he wants a rematch with president trump in 2024, so, just watch part of what mr. biden said in brussels. roll it. >> i had no intention of running for president again, and until i saw those folks coming out of the fields in virginia carrying torches and carrying nazi banners and he said they're very good people on both sides, and that's when i decided i wasn't going to be quiet any longer. stuart: [laughter] tammy bruce has something to say about that and so do i, next hour. cam cam kamala the name for the switchblade zones the u.s. is sending to ukraine, drone expert brett valivocich trained with these and he's here to tell us exactly what they can do, this is very interesting, after this.

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stuart: president biden has land ed in poland. he's there to be briefed about the influx of ukrainian refugees and he's going to talk to president duda about those jets too. ukrainian forces are indeed counterattacking, and some reports say and suggest that they are taking back towns in areas east of the capitol, kyiv. that's the capitol, russians pulling back there. mike tobin is in lviv, different part of the country. mark radbourne the russians re grouping for a renewed attack on lviv? >> well, not, they won't be attacking on lviv anyway but from the air and what we see from the russians right now is that they are digging into defensive positions, and not

really moving forward. i can also now give you an update to that theatre in mariupol that was used as a bomb shelter and took a direct hit from a russian bomb. that's the theatre that was marked on the front and back with the russian word for kids, so the pilots would know that children were sheltering there. the update is that 300 people were killed in that strike, but that is probably not a final figure as rescue and evacuation crews have had difficulty reaching that location due to the fighting and broken equipment. we also have a look from the ground at the destruction in mariupol. this is shot by civilians fleeing the bombardment of mariupol, which has been unre lenting for three weeks a month into this war president zelenskyy posted a message saying that russia would have never invaded if vladimir putin knew ukrainians would fight this hard. >> we cannot stop, even for a minute, because each minute is about our fate, our future about the fact whether we'll live.

30 days, a month has passed. if russia had known what expected them here they would definitely be afraid of coming here. reporter: after what is described as the first major prisoner exchange of the war, the ukrainian sailors from snake island are free. these are the sailors who were ordered to surrender to a russian warship with their vulgar and defiant response has become a battle cry for ukraine, so the exchange ended up, 10 ukrainian fighters for 10 russian fighters. then 19 ukrainian civilians for 11 russian civilian sailors. stuart back to you. stuart: mike we hear you thanks very much mike tobin right there president biden says the u.s. and nato would respond if russia launched a chemical attack. watch this. >> would the u.s. ornate o respond with military action if he did use chemical weapons? >> we would respond, we would respond if he uses it and the nature of the response would depend on the nature of the use. stuart: okay, at a different

part there, he said we would response in kind. i don't know what that means. brett velakovich, former special operations intelligence analyst joins us what does it mean respond in kind to a chemical attack. are we going to use chemical weapons? >> well look there's what a response should be to this and probably what it's going to be because let's be honest the biden administration doesn't exactly have a track record of responding to red lines. you can look at syria for all that but a chemical or biological attack would mark a dramatic escalation for the conflict in which russia has increasingly turned its attacks on civilian areas. these types of weapons are going to also risk spilling over into neighboring nato countries such as poland raising the question of whether or not the alliance would have to respond and that's key here. we have to show strength here, because we have been in similar positions before, and putin might be testing us to see what we do. that's his whole game all these years is testing the west response and see what he can get away with. what are we really doing is putin going to test a small

chemical weapon that only kills a few people is that enough for us to respond and if we don't do that is he going to keep continue going and going killing more people until he sees some type of real response, i hope it is a response in kind, like biden has said, but there are steps to go before american troops or soldiers get involved the best thing be to keep upping the ukrainian military capability, give them the weapon s that make them for lethal maybe even answer to giving them the polish migs that were stopped before. stuart: this is what i want to talk to you about. you're a drone expert. we're sending, i believe, 100 of these switchblade drones to the ukrainians. you trained on these drones, you know what a switchblade drone is if they were delivered, would they make a real difference? what can these things do? >> i definitely think they would make a real difference, the drone capability is a game changer, they are american made drones and biden authorized about 100 of these in the latest package that's not enough in my opinion but a good start. realistically, i could figure out a way to use 100 switchblade drones in one single day.

stuart: but wait a minute i want to know this. i'll told these drones hover. you can -- >> yes. stuart: they are like 10-12 pounds in weight. >> right. stuart: and you can look down and you can control them and you can hover over over the battlefield and pick your target. is that accurate? >> exactly. so imagine a missile that essentially hovers over a target for about 15 minutes. these things are small enough to fit in a backpack, they can be launched from a tube, it can loiter for about 15 minutes, has a range of 10 kilometers and it's a javelin missile in the air so imagine if a missile could hover and you had a very good clue of what you're striking because there's a camera that feeds back to the operator, that essentially hits a button and then jams it into its target so it's definitely a game changer in areas that russian troops are starting to make advances in. stuart: just get them there too, all right brett, you're working with a charity group hard rescue goes into war zones brings civilians out. how many civilians have you

brought out? >> we brought out a number in some of the most dangerous areas , it's a non-profit, donor- funded a bunch of ex- special operations combat medics, navy seals guys extract ing civilians out of these hot zones so these guys are the real deal going in deep into areas that are in some of the heaviest fighting, and just thankful that such a great group of americans is actually here in ukraine with me. stuart: good stuff. brett, thanks very much for being with us, important we share your expertise on this , thanks very much, sir. all right check futures again, please. i see green, pretty much across-the-board for the dow, s&p, and the nasdaq. the opening bell is next, and we're going to take you there. it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app

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when uber announced they be getting on to their network in manhattan, all of those new york city taxicabs, i think they are able to repeat this in multiple cities. it solves and helps address their supply problem having enough drivers and shows they can actually work well with one of their, what's been in the past one of their most adversarial foes, which is local taxi commissions. stuart: do you think the stock goes up from here, $34 a share? >> oh, this thing has been beaten down as you pointed out, it's a stock that was just starting to breakout, and then covid came and cut it off at the knees. i think this is a wonderful play over if you got patience to look out a year, the delivery business has shown really great growth during the covid crisis and as we get out of covid as we hopefully and as we start commuting becoming more mobile, uber is one of the best recovery plays i can think of. stuart: are you still holding on to your bullish outlook for amazon? i believe you've been saying it goes to $4,300 a share by the end of this year. you're smiling, you still

hanging on to that? >> you know, i'm pretty patient with my stock picks. you can actually take a look at the chart. we've been talking about this for a couple months, it's starting to break out the stock has outperformed the market in a very tough environment and we put out analysis last night that essentially says you can buy amazon, pay for its cloud business and its advertising business and get its retail business for free, as an investor. you rarely get these kind of opportunities. this is the leading retailer worldwide in terms of size and growth, one of the best value propositions the 200 million-plus prime customers worldwide they know a deal when they get one, they have one with amazon, investors can get that deal too. stuart: it's one of the best companies around. i mean, i don't have how to define best, but the stuff they do and the progress they make in so many areas to me, it's just absolutely terrific. but you say 4,300 bucks per share, amazon, end of the year. you're sticking to it? >> yes. sticking to it, stu. stuart: okay, [laughter] you're a good man, brave man too

, mark mahaney always a pleasure thank you very much for being with us. >> happy friday. stuart: you got it. futures now, well nasdaq futures have turned south, that implies a very small loss at the opening bell. of course you have no idea where things are going to end up at the end of the day. >> [opening bell ringing] stuart: dow looking for a 50 point gain, it seems rather quiet the futures market seems rather quiet, let's see how we go today. all right, we're off, we're running, it is friday, march 25, the stock market has opened, up 350 yesterday, up 79-80 points in the very early going today, two-thirds almost three-quarters of the dow 30 are in the green. the s&p 500 on the upside, but not much .14%, the nasdaq composite on the upside, no, i'll call that absolutely dead- flat. if the nasdaq is dead-flat what's big tech doing? i will show you right now. microsoft is up reaching $304 per share, put the flags out, stu, amazon is a little bit

higher, now, they are all just turning south. look at that. after the first opening bell, they are all on the downside, microsoft just turned to the north up $0.10. susan li is going to look on her face and what on earth are you talking about, stuart? >> why are we focusing so much when it's basically flat right now? stuart: yes it is. >> i wanted to ask you your talking to mark mahaney about amazon and you said it's a great company how come you never bought into it when you could have gotten it in 1,997 for $17 at the ipo? stuart: i interviewed jeff bezos way back then several times, the thing that got me is i couldn't understand what he was doing and couldn't understand why he always laughed, you interview jeff bezos, he will laugh from beginning to end. >> it's a fantastic laugh. famous, actually. stuart: he's brilliant. >> yes, he's brilliant. stuart: give me the big picture it seems rather quiet. >> as you mentioned you said it's flat but volatility and trying to price out the unknown, which is what you're trying to do in those russia-ukraine war has caused some pretty big price

moves so everyday this week the s&p has moved more than 1%, either up or down, that's volatility for you, and bank of america this morning says the commodities are on pace for their best year since 1915, which is a year even you don't remember, don't look at me like that. now it's also the worst year, by the way, for government bonds since 1949. stuart: but if they are saying commodities are really doing well, that implies inflation down the road. >> correct that's right. and that's why bank of america now joining and echoing what goldman sachs and morgan stanley are saying calling for aggression ever two 50 basis point hikes from the fed, bank of america says they will do that in june and july, goldman, morgan says that will happen in may and june. also goldman has lifted their forecast for 10 year treasury yields to 2.7% by the end of this year, so what does that mean? stuart: well look at this i didn't notice that. it's now 242. >> ever closer. 250 now. stuart: and yet, we're at 242,

the market is not particularly phased by it. >> i think it's pretty much been priced in because goldman is telling us it's going to hit 2.7 by the end of this year, and what, 242, where are we with that? i see that's pretty much been priced in to be honest. stuart: okay priced in and the markets up this morning let's get to individual stocks that are moving, tesla. well-above a thousand bucks a share, eight day winning streak but what's this about a recall? >> yeah, so think about, this comes from the national transportation oversight, what do you want to call it, the department. stuart: regulators. this is kind of important if it comes from themselves so a thousand cars here and 900 i would say, 950 or so and this has to do with the rear view mirror image that goes into yourself-driving but tesla, if you want to look at getting bids we're back above a thousand, back above a trillion dollars in market cap and really, they are leaving the electric car rally, the ev's have done really well over the past 10 days or

so, because oil hit its highest in 14 years, you also get rebate , and then china's tesla competitor came out with strong numbers, guidance was a bit weaker than what wall street anticipated, overall though i would still say it was pretty strong quarter for tesla. stuart: what happened to neo? >> as i mentioned to you, they came out with strong results, but guidance was weaker, this is a wall street expectations gain. stuart: one more time, you have to explain what apple's talking about when they talk about an iphone subscription service. >> okay, think of it like leasing a car. you don't own the car. you pay a rental fee each and every month. that's pretty much what it is. the bloomberg has been reporting this so if you don't own the phone at the end, which means if you stop paying for it you have to give it back to apple, but this is something that investors have been imploring tim cook and apple to do, which is to get more iphones into the hands of users, so if you bring down the cost of the iphone which is typically a thousand bucks you want to say, if you're only paying 30 bucks a

month, that makes it more affordable for more people, and think about the extra layer and the services on top that people will pay for , so they pay for their apple cloud, and their music, and their tv plus, so that brings in recurring revenue , which means each and every month, you're going to get more and more dollars from users around the world, which could hypothetically lift the stock price, but is that going to happen? bloomberg says it's going to happen by end of this year, maybe start of next year. apple by the way is also on an eight day winning streak as well. stuart: it was indeed. now if ever i leave fox, and they take my iphone away, i'll do a subscription for my own iphone from apple. >> even though you could afford the actual phone itself. stuart: irrelevant. pop stocks, now, i think there's a legalization vote, a legalization saying at the federal level that's what a pop stock is. >> you talked about this remember, schumer and what he was floating so in some ways you kind of forecast this marijuana cannabis rally, stuary varney, so yes, there's going to be a second house vote

apparently next week according to the industrial report, that might legalize marijuana at the federal level, so you have to remember that congress passed a similar bill in 2020 the senate didn't take it up but the thinking is if you have a narrow democrat margin in 2022 before the mid-terms, of course, things might change, schumer mentioned this. also we have a lot of consolidation this would echosystem with that huge $20 billion cannabis tera pharma deal. stuart: that's a big deal and i see tirrray is up 11% and general cannabis corp. is up 9% significant gains. >> significant right there. stuart: bitcoin is back i believe at a three-week high. bitcoin at 44.8 right now. >> money chasing risk assets you're getting nothing in cash so you might as well buy into something and high inflationary environments, right and the chart is saying there's been a triangle formation, so i know, you're looking at me skeptically , but you know, algorithms pick this up and so if they see any sort of hints that prices go higher, they

start bidding and buying, and that's what's happening, tailwinds suggest that bitcoin gets to 45,000 and then if we cross 50 it'll get to 54. stuart: the technical analysts, all they look at is the charts and suggest where the futures go from there. >> i want to talk about bed, bath and beyond that's my favorite stock. stuart: that's ryan's thing. >> ryan cohen. oh, yes, and four-member committee selling bye bye baby. stuart: take a look at the dow winners, ibm look at that, it's at the top of the dow winners list $130 a share, s&p 500, drex com meta platforms up to $223. nasdaq winners, dexcom, et cetera. i'm intrigued at meta platforms because they were way up 200 bucks a share not that long ago now they are rallying to 222. >> i'd keep an eye on the chip

makers we talked about yesterday. stuart: yes on the upside. thanks, susan. iran says it's closer than ever to a nuclear deal with the united states, and yet, the iranian regime still hasn't stopped enriching uranium. roll it. >> now you have an iran that is enriching uranium at 60% which is in every practical sense almost military level. stuart: so why are we going ahead with a nuke deal that would ship iran's uranium to russia? we'll talk to a foreign policy expert, morgan ortegas shortly. joe rogan dumps on tech executives and he says it's like the lunatics are running the asylum in silicon valley. california guy steve hilton probably agree with joe rogan. steve is on the show later. what's it like in america's oil patch? what's stopping companies from pumping out more liquid gold when we really need it? i'll ask the ceo of canary oil,

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stuart: this is what's moving the market this morning. this is the surprise of the day. the yield on the 10 year treasury going all the way up, i think this is what, three or four-year high, something like that, 2.45%. big tech selling off because of that higher yield on the 10 year treasury. then there's this. when the cost of filling your tank goes sky high what's the impact on? the boating business. madison all worth is at the west palm beach international boat show. how are boat sales doing, madison? reporter: stuart, boat sales continue to be so strong. most of the people at this boat show that buy will not be able to get their boat for at least a year or two because demand is so high. i mean take a look at this over the last five years, we've see boat sales increase by 24%, and

i've been talking to brokers here a lot of them are saying they are seeing new boat buyers enter the market, in fact yacht sales international says that 30 % of their customers are buying their first boat, and some of those new boat buyers, they are turning to hybrid because they are looking at the long term effect of fuel prices which right now are super high, so perfect example. if you took a boat of this size, all the way to maryland, right now, if you're taking a normal fuel diesel boat, that would cost you $40,000. if you took this boat, which is a hybrid, the cost of fuel be about a third of that. this is really grabbing the attention of boat buyers. >> i would say so, over the last probably three-to-four weeks we've seen a general increase in the number of leads we're getting from our website, through the factory website, or even just people stopping on the street, hey, yeah, i've heard about that boat, what can you tell me? can you tell me how much fuel am

i going to save? >> the electric boat space seem s to figure out something the electric car space is suffer ing from. so according to kelly blue book the cost difference between a new gas car and new electric car is about 40%, with the electric car obviously being that much more expensive. with the hybrid boat, it's typically only 10% more expensive than the traditional gas model, so really, kind of closing that gap there. you know, when it comes to gas prices boaters i've talked to here they say it's not changing their haberman habits because they want to be out on the water stuart: madison we hear you, thanks very much. i want to bring in the ceo of canary oil dan eberhart. it's one of the largest oil field service companies in america. dan is with us now. you're in the middle of the oil patch. why are the oil companies not pumping out more oil when we're all demanding more oil? >> well, i think there's three main reasons. one you know, people are still focused on in the oil field are still focused on capital

discipline and the idea that, you know, u.s. shale drilled too much, created too much production, years ago that's number one. number two i think the regulatory climate has been a big headwind. the biden administration has made it more difficult to be in the oil business than it was under the trump adminitration and number three, i think that look, as a service company, we're hit from the same thing that's affecting all businesses. it's hard to find labor. stuff from china is taking six weeks not three, you know, our insurance costs are up, our fuel costs are up, which pun intended does affect us too. it's harder to do business than it used to be. stuart: could you pump out oil, more oil & gas if you really wanted? >> well, absolutely and i think you're going to see u.s. production rise, but look, before covid we were producing 13 million-barrels a day in the u.s.. right now we're producing 11.6 million-barrels a day. i think we've got the capacity to go to 14 or 15 million- barrels a day, if

the price is high enough, if the incentive structure is right but it'll also take us time. we can't turn on a dime to add this production given the recent price increase, it's going to take sometime. there's a lag. stuart: now america, the europeans and america have got this energy agreement, going to take less oil, less natural gas from russia and we're going to supply, i think it's 15 billion cubic meters of nat gas to europe this year. i've not heard anything about increasing our production of natural gas here in america, have you? >> well, no, look. so i'm right now in our location in pennsylvania in the heart of the marcellus shale. look, i think this is going to be great for the marcellus shale we're the saudi arabia of gas and a lot of people don't know that, but i think this is all just very new and i think what you just said is a good point. the production of natural gas is going to have to increase. the other thing that's going to have to move quicker is the

administration is actually in the doe have been sitting on these permits for these export terminals for lng and i think the administration will have to pick-up the pace on that so that we can help europe and hurt russia. i also say, you know, i've looked at this. i think we're looking at if western europe bans russian oil the same way the u.s. and uk and australia have, i think we're looking at $200 oil. stuart: ooooo, you saved the best until last, $200 oil if the russians stop exporting oil, dan we hear you, thanks very much for coming on the show this morning appreciate it. >> thanks for having me back. stuart: as a rapper, ice tea poking fun at record high gas prices what do you say? lauren: mind you he made this comment after filling up in new jersey where prices are less than the national average, this is his tweet that's getting a lot of attention. i was robbed at a gas station in new jersey last night after my hand stopped trembling i managed to call the cops, and they were quick to respond and calmed me

down, my money is gone, if i knew who did it, i said yes it was pump number 9, and it was 118,000 times so far so it's pretty popular. stuart: a nice thing to do. programming note fox business and fox nation teaming up for an energy independent summit and it streams live on fox nation next tuesday, starting at 12 noon eastern. here is what's coming. florida out with a warning about a dangerous new opioid that is 20 times more deadly than fentanyl, where is it coming from? i'll ask the attorney general of florida later in the show. the truth is out there, roll it. >> wake up. >> you've gotta see this. >> oh, really? >> i don't know. stuart: can hardly see a thing there but it's about ufo's and the government reveals all about its knowledge of ufo's and yeah,

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stuart: there you have it there's our president, president

biden arrived in poland. he's going to the border, he's at the border actually, that's where he is right now at the border with ukraine, and we'll look at the organization of refugees right there. i'd like to hear about those mig planes too. all right, remember totally different subject now. remember the ufo report to congress that was released last june? well there's a new version just out. alexandria hoff joins me. what new details on ufo's have been revealed? >> well stuart right off off the bat according to this classified report a handful of the unidentified uap's appear to demonstrate advanced technology. this classified document was obtained by john greenwald jr. , and they did so using aishah hasnie mandatory de classification, it's a partially redacted version of what members of congress received and provides a whole lot more depth into instances where military members encounter

ed uap's. the department of defense task force concentrated to review on sightings that happened between 2004 and 2021 last year defense secretary john kirby said this. >> we take all incursions into our operating spaces seriously. that the defense department certainly we are taking the entire matter seriously. >> and for good reason, as it shows now, the report outlines possible explanations for strange sightings like airborne clutter, industry developmental programs, but also "foreign adversary systems" and some maybe intelligence collection platforms developed by china, russia, another nation or non-governmental entity so all this in this new report and another interesting section of this document lays out common and uncommon shapes of uap's or ufo's they've reported to have taken on by witnesses and unfortunately those were blacked out and remain classified. stuart: have to find out later

thanks very much, good stuff. check those markets again, please. we've got the nasdaq turning south and here's why. the yield on the 10 year treasury has gone all the way up to 2.45%. that's the highest since may of 2019. rates up, big tech down. still ahead, congresswoman victoria sparts, shannon bream, morgan ortegas and steve hilton, the 10:00 hour is next. ♪ feel stuck with credit card debt? ♪ move your high-interest debt to a sofi personal loan. you could get out of debt sooner and feel what it's like to get your money right. ♪ i have moderate to severe ulcerative colitis. so i'm taking zeposia, a once-daily pill.

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stuart: 10:00 eastern, to your money, we have a minor-league game for the s&p. 80 points up for the dow, the nasdaq on the downside to the tune of 45 points. the yield on the 10 year treasury moving up this morning to 2.46%, the highest level since may 2019. as for the price of oil, we got that $110 a barrel. and and keep talking about

russian oil. a very important number just came at us. >> 59.4. putting this in perspective, for march, likely the worst number in 11 years. it is inflation. what we saw in february, higher income household, those making $100,000, that's the big deal. they can withstand inflation but huge part of consumer spending. when they say they are not feeling good about things -- stuart: it is a negative for the nasdaq down 55 points. one more item, pending home sales. lauren: down 4. one%. this is the housing market responding to lack of supply,

affordability issue, and the homebuilders secretary today. stuart: housing down negative. now this. it was a troubling spectacle. president biden on foreign soil during the war takes time out to attack donald trump. responding to a german reporter biden all but branded trump a neo-nazi. in a short press conference, about the war, biden drag up charlottesville and said biden decided to run for the presidency when he saw folks carrying torches and nazi barriers like they used in germany. that is what he said in the middle of a press conference overseas. he was elaborately drumming up trump hatred and by extension contempt for america. i don't think an american president should do that. there is a lot more that was

wrong with that press conference. he said sanctions never deter. that is the exact opposite of what his top officials repeatedly said and then he lost his temper with a reporter who asked it looked like an angry old man. where was the clear statement of america's goals and ukraine. never uses the word win. when asked what he would do if russia used chemical weapons will would trigger responding kind, does that mean we too would use chemical weapons? what is he talking about? as he closed his remarks, he insisted european leaders said he's up to the job. i believe it right there. second hour of varney just getting started. tammy bruce joins us, good to see you. i want you to listen to what the president said about the 2020 election. roll tape.

>> president biden: i had no intention of running for president again until i saw those folks coming out of the fields in virginia carrying torches and carrying nazi banners. those gentlemen you mentioned, was asked what he thought and a young woman was killed, a protester. he was asked what he thought, he said there are very good people on both sides. that is when i decided i wasn't going to be quiet any longer. stuart: to raise that issue in that context i think is just not the right thing to do. >> still seem to be looking at notes as though that was prepared. that was an intention affairs on foreign soil, there's a hot war, america is burning economically as we heard a little bit ago on your show and that is a lie by omission. that has been debunked, the nature of what donald trump said was the opposite.

he condemned those individuals, he is relying on the ignorance of an international audience but the fact is this goes around the world. imagine the combination. that is what pruden was saying, these are nazis, a jewish president, nazis, the same rhetoric out of biden when they also know that america has trouble. we have a horrible dynamic going on, we are not assisting the ukrainians the way we should and he is reasserting rhetorically what the world is looking at. the situation the we will respond in kind, that is heard around the world, using chemical weapons against international law, he's been in politics for 50 years and he knows it would be appalling and that is a particular phrase and

every word you say at a summit like this is meant to be part of your leadership to stop the problem, to make things better and he said we will respond in kind and you will breaking international norms and law and the morality of what we expect, makes things worse, shows international leaders that he's not up for the job and if a president has to assert, imagine trump saying that, people say i can do this, then you have a problem and you know you do. stuart: i think we entirely agree on this. i was watching it yesterday, couldn't believe he would say that overseas in the middle of a press conference that is supposed to be about the war. >> that is unbelievable for everyone else, we are not the on the ones reacting like this. it reinforces that there is no american president that the united states is not here and

that's why you have such a general basic, with north korea, the new icbm that they launched the other day the most powerful one that exists, the first since his agreement with trump, this tells the world that you can do as you please and it is not a pretty sight. stuart: appreciate it. the european union says china may send technical hardware to russia. >> semiconductors and other tech hardware, the reports don't specify in terms of hardware but we want to point out the us has no evidence this has happened. there is such a worry that it will because china and russia share a land border but it would be easy to evade detection and china says we are not helping russia, nobody believes them and much of the conversation deals with how do you prevent china, how do you

prevent xi -- stuart: sanctioning china is a different ball of wax. >> it is not -- easier said than done. >> china is involved, russia, north korea, you name it. we need to put a lot of heat on president xi. but one somewhat exasperated. look at the markets. chipmakers and overall markets, dow is up 84, nasdaq down 50. let me ask do you see a recession this year? >> i don't think so.

if you are defining stagflation as slower growth and high inflation we are experiencing that already. in terms of a recession consumers have a cash cushion they can tap into to offset higher commodity and energy prices more broadly and price increases more broadly, job market is strong, wages are rising and if you look at bond market, we are not getting signals that recession is imminent. unemployment claims, the lowest since 1969. recession in the near-term, is not likely but the market was concerned about this and that is why the market has rallied, i don't think we will begin recession in the coming months. that is another question down the road but the market got too pessimistic in the short-term.

stuart: basically you are comfortable in suggesting that the s&p, brought indicator that it is going to go up 5% from where it is by the end of the year, you are comfortable with that. >> the message we will hear from first-quarter earnings is there's not a big change. companies and consumers are contending with higher inflation but the early reports, you can look at the companies the reported earnings results for the first quarter, they are not changing their outlook and we will get relief that there is no significant change in the outlook and inflation could peak in the coming months, the market is going like that as well and it is so poor right now. all those ingredients come together, the market can move higher. stuart: always look on the bright side of life, remember that movie? life of brian. thank you for joining us.

look on the bright side, he does, up 5%. there are some movers like the homebuilders, they are all down. lauren: citigroup, toll brothers, people won't be able to afford homes because we are in a hawkish environment, rates are going up 4.4% at last check and a major backlog of homes approved for construction but yet to be started because they can't get workers or materials. stuart: i've heard that before. boeing moving this morning, up not much. lauren: a tough week for them down almost 2% after the crash of that jet in china. why not more? a 737 nosedived 132 people missing. the investigation is in its fourth day and there are limited details and some are

saying when we find out more we might see a harsher reaction. stuart: we need to know why it plunged, tesla is still above a thousand. lauren: what a week. there to recall today, 950 vehicles in the us, something with the rearview image display. barclays says they are increasing delivery estimates for this quarter for tesla to 320,000. stuart: we now know how many people fled, locked down, mostly democrat run cities. have you got the numbers to break it down? we will do that later. you are doing it now. lauren: we got so confused. 328,000 people left new york city in a little over a year.

91,000 fled chicago and la. why? crime, cost to live here and lockdown covid restrictions we all went through so where do we go? dallas, increase of 97,000, phoenix, houston, austin, riverside, california. stuart: the united states slapped new sanctions on north korea. former un ambassador nikki haley says kim jong-un smells blood in the water. the biden administration admit it might allow russia to take enriched uranium from iran under the new nuclear deal. how is that a good idea? morgan ortega's will take on. turkey's president says zelenskyy and putin are nearing a consensus on key issues to resolve the war. jeff paul has the latest from ukraine next.

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stuart: turkey's president says zelenskyy and putin are nearing, quote, consensus on key issues to resolve the war. that's an important point. let's go to ukraine. here is jeff paul with the latest from lviv. >> reporter: more and more people who are fleeing their homes and being forced out in ukraine are arriving in the western part of a country and as we enter the second month of this conflict we continue to see people arrive by train, bus, car, however they can get away from the nonstop russian shelling and bombardment.

the besieged city of mariupol, we are learning city officials there believe an estimated 300 people were killed last week as a result of russian bombing. this is the theater that is being used to shelter innocence people that had an enormous in skipton of the word children written in russian in hopes of preventing the attack. mariupol -- buildings have been hollowed out and much of the landscape is created from the bombs being dropped in addition to the near endless assault, people trapped in mariupol and other devastated cities like kharkiv are in desperate need of food and other supplies just to survive. >> i think it is kind of to do these kind of things especially in the 21st century when

ordinary people are getting shot and killed is heartbreaking. >> reporter: one important development that could impact people who are trapped in mariupol is ukraine and russia have agreed to open two humanitarian core doors. one of those will be going to and from mariupol which could bring much needed supplies to the people who are currently stuck. stuart: thanks very much, talk to you again later. i am joined by morgan ortega's. i want to talk about these peace talks between zelenskyy and putin. i'm very worried about peace talks, because if they leave russian troops in place vladimir putin has won and i don't want to see that. what say you? >> i agree with you. if you look at what general

jack keane was reporting and you showed this earlier in your show, the united states is pressuring ukraine to given. that is not where the heart and the will of the ukrainian people are, this is a david and goliath fight. the ukrainians are the underdog in every way imaginable but they are fighting back. the deal the turkey is discussing in general keane has talked about his complete capitulations at a point the russians are vulnerable because it is clearly the military plan has not been executed the way putin was led to believe it would be. stuart: it is appeasement. up comes the dictator, just like it, just up comes the dictator, demands his piece of czechoslovakia, he gets it and we think he is satisfied with appeasement and invades poland. it is the same thing 80 years on. i will calm down.

>> this is what they did the appeasement with what happened last year that led to russia invading ukraine. how many times have we talked about the nordstream 2 pipeline, we have to greenlight it because if we don't russia may invade. all you've done is incentivize the bully's behavior and when the bully wins, makes a fuss on the playground, he doesn't say i will start behaving. he goes to the same bullying behavior that worked last time. stuart: the white house is considering letting russia take iran's enriched uranium. >> to accept and pay for the highly enriched uranium, get it out of iran's hands so iran cannot obtain a nuclear weapon is something we are willing to entertain. stuart: why would we allow russia to take enriched uranium

from iran when we agreed to it? >> we are hyping each other up because my blood is boiling. just so our audience understands what is happening, the russians have been negotiating not with us but on our behalf with the iranians which is the world's leading state sponsor of terrorism. under this deal this may happen as early as today, my mind blows but under this deal russia and iran would give sanctions immunity to the tune of $10 billion for russia to help iran build nuclear reactors. what company would be doing this? a russian company that is currently helping the russians take over chernobyl and other nuclear sites in ukraine. you've got the russians, the administration speaking against them. one of the same old enterprise

companies which is taking over ukrainian nuclear facilities right now, allow the same company, biden will allow the same russian company to help iran build 10 billion worth of nuclear reactors. is my glowingly stupid, dangerous, put america and our allies last. stuart: i could go on talking about this for another half-hour. it is outrageous. good to see you and we hope to see you again soon. former un ambassador nikki haley has an opinion on north korea after they tested the intercontinental ballistic missile. >> it's his surprise no one that kim is testing icbms again. he smells blood in the water with america's perceived weakness. the intercontinental ballistic missile was them closer to a

reliable way to deliver multiple nuclear warheads anywhere in this country or anywhere in the world. it raises the prospect of a new crisis. the secret counsel will discuss it and china is involved again because china is north korea's soul major ally. nothing is going to happen. stuart: nothing changes. here is a good one. legalizing pot as in marijuana, house lawmakers put it to a vote as early as next week. we will bring you the story. we are approaching the peak season for illegal border crossings, the numbers are so overwhelming, border patrol is releasing migrants into us cities and we've got that story for you next.

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are stuart: this is moving the nasdaq, the yield on the 10 year treasury, 2.45%, highest level since may, you see the impact of the markets on the nasdaq.

nasdaq down 29 points. when the other indicators especially the dow, the dow is up 200 points. looking at all the stocks moving today. i see both cta down again. lauren: it is a cybersecurity firm that was hacked, they don't like the way they handled the breach, slow to reported and really tough week. will they recover? likely yes but it hasn't happened. stuart: it is a big drop. how about china's ev company? lauren: they reported a wider than expected net loss. quite honestly for everybody else, the other piece of good news, they are doing more than they plan to. stuart: and down 10%. a source at the department of

homeland security is telling fox that the feds are releasing large groups of migrants into the us. how big are these groups? >> reporter: some have been 80, 100, 111, depends how much capacity they have. the border patrol union says the feds are currently on track if things remain the same, one hundred migrants this month. looking live at one of the known places where these releases happen, brownsville, texas, quiet they are now and also happens to be the same spot where fox news cameras captured similar activity this year. migrants being released on parole, boarding buses and heading to points all over the country to await court hearings. 150 miles away, the mayor in texas telling local news

station they are beginning to bus migrants away from the community because detention space is tight? >> you have thousands more resources than we do. >> numbers show 165,000 migrants encounters were reported in the month of february. compare that to 37,000 for the same month in 2020. border patrol says it continues to expel migrants under title 42 and title viii but the agency adds it does run criminal background checks on people and collects biometric data to make sure someone is eligible to stay in the country. stuart: great report. i wonder where these people are going. joining me as ashley moody. do you think these migrants

might be coming to florida as they did the last few months when they flew them in in the middle of the night? >> i don't think i know. we already had a murder committed in florida by one of the folks they transported here. i recently announced a new synthetic opioid call, which is deadlier, up to 100 times more deadlier than fentanyl that is flooding into the us from china, mexico, absolutely no control at the border. that is an allusion. if mayorkas is out there, saying i've got this, pleading volunteers to come to the border, those people are not there to enforce the border. they are there to serve as greeters to welcome everyone into the united states. stuart: back to this synthetic opioid.

i understand how powerful it is. >> it follows the same track as fentanyl, it is manufactured in communist china sent to the mexican cartels and the porous border makes it easier for traffickers to flood into the country. this is what dea is warning about, drugs pour into the country especially -- it will be laced into traditional drugs, we know fat. they may inhale fentanyl, or ingest that. we saw that in florida during spring break but also kill unsuspecting people who aren't using it. there has been an increase in the first 10 months of the biden administration, 53% increase at the border. we know it is coming through

the border, affecting 18 to 45-year-olds, the leading cause of death of americans 18 to 45. this is a business show. all businesses watching, this will devastate the workforce. >> they are pouring deadly synthetics into our country, at record rates. stuart: you are making an obvious case to have something done at the border. i do not understand why the administration refuses in the face of dreadful evidence, why don't they do something? >> we lost a record number of people. stuart: why don't they do something? >> this feckless administration refuses to put someone in charge that knows what they are doing. kamala harris hasn't even been there, stuart: they don't want to

close the border. >> and the consequences. and some of us may wonder if there's an arterial purpose. >> the attorney general of the great state of florida. >> a vote on marijuana legalization. as it likely to pass? >> on the federal level, house vote as soon as next week ahead of this, a big move they are continuing to see. this removed cannabis from the list of federally controlled substances in the laminate criminal penalties. you can tax it and revenue would go to communities hurt by the war. stuart: and they can use banks.

it is legalized at the federal level. all right biden meeting with servicemembers from the 82nd airborne. they are contributing on the border with poland and as you can see they are eating pizza with the 82nd airborne. joe rogan taking on woke big tech executive calling them, quote, mentally ill. role tape. >> lunatics running the asylum. people who are legitimately mentally ill and consider themselves activists. stuart: strong stuff. steve hilton will deal with that in our next our. the governor of california wants to hand out checks as gas prices near $6 a gallon for regular in california but some

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stuart: all the way up to 2.46%. when the 10 year treasury does that. the dow is up 219 points. the consensus peace talks taking place between zelenskyy and putin. we did talk about about the mass exodus from democrat run cities.

and and they are leaving the state. >> they are not leaving but they are outraged. imagine filling up a 14 gallon tank, that will cost you $90 and inflation is at a 40 year high. i hear it called highway robbery. a new analysis found consumers paid significant more at the pump since president biden took office with how much prices have risen since january 2000 with one americans paid $800 more on average and in california paid $9.50 extra. california governor newsom is proposing a tax rebate for every resident, not just gas drivers and they are pushing for a gas stimulus check for a family of four but only if the national average stays above $4. clearly not enough to make up $950 losses.

the outrage is growing and blue states are hemorrhaging people. new data shows tens of thousands artfully in large cities like los angeles and san francisco. it begs the question if gas prices could expedite the trend when prices hit separate highs each day when the national average is dropping. you are hearing dems blame this on the war with 950 in large part due to the rising prices last year, before the invasion and we started hitting record highs in california last november. stuart: not just gas, certainly not. gunz is with us, took to the streets to see how we are handling growing inflation. what did we have to say? >> reporter: americans are over

covid. there is no more covid concerns. it is how they will be able to afford anything from food, gas, people's stress levels rising, what is going to happen next? we check it out on all new gunthe on the go. have you noticed things are more expensive when you go out these days? >> at a lewdly. i've been living here for 10 years and everything is more expensive, you get a burrito and coke and it is $15. >> almost everything. >> $9.99. 2 days later was $11.99. >> you can't get less than $10 a pound. >> is it frustrating. hasn't kept up with price increases.

>> how much are you spending, $100 a week which is pretty crazy. >> of prices continue to go up you cut back on your lifestyle? >> i hope not and will cut back. >> the chocolate, far half and half. >> talking about the government. >> don't blame one person. hopefully. >> that is what i am hoping. >> a couple take aways from that. rent has been stable.

this is affecting everybody. i was outside for three hours, every single person told me this is having a direct economic effect. they are not ordering delivery or purchasing anything extra or in addition to what they would have and third, the political consequences this is going to have. you could be a liberal, whatever you want to say but when they find out it is democratic policies affecting their wallet their political allegiance might shift very quickly because you mess with people's money they will jump ship in a minute. stuart: i would like to know what kind of coffee went from $9, to $11. >> across the board, everything. stuart: thanks, see you later. a dozen states want to hand out stimulus checks to make up for inflation.

generally speaking how much are people getting? lauren: a few hundred dollars, this is getting bipartisan support. the republican governor brian kemp signed a law to send checks of up to $500 to residents, idaho $75 to each taxpayer, it is not a lot of money. $1000 in minnesota, that is a proposal and data drop in the bucket, the average household saving $1000 more a year because of gas prices, that doesn't include food or rent or your mortgage or anything else. stuart: you put on the screen, new jersey people get $500. lauren: included one million families as part of a budget deal last year when they were up for election and means tested. stuart: i knew it was going to be.

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stuart: the dow industrials, the yield on the 10 year treasury has moved up even more, now at 2.48%, significant move up. look at the markets, despite the move up in interest rates i see green, dow industrials up 200 points, s&p up 22, fractional gain for the nasdaq. russia's invasion of ukraine in its second month. let's bring in rebecca, you know what is going on inside russia. the you see any signs of an upper ship -- uprising a regime change? >> i don't. this is because vladimir putin

not only is terrorizing the people of ukraine, he is also terrorizing the rest of the world threatening nuclear war, he is terrorizing russian people by directing them to spy on each other and turn the so called fifth column traitors to the russian government. people are afraid. i interviewed recently on the ground in moscow and they are terrified because they are ruled by a dictator who his poisoned people, ordered assassinations. i don't completely rule it out but don't believe it is likely. stuart: i do see reports of a lot of young russians, technology people, who have gone elsewhere because they see no future in russia. does that amount to a lot of people? is it a real movement? >> there is movement although the majority of russians do support putin, they don't support the war but they support putin, young people,

young people, is actually low. people running out of russia. how many? according to my source 10% who disagree with putin and a lower percentage are fleeing and unfortunately the russians like ukrainians don't have special privileges. folks don't have any more places to run so those families are running out. stuart: we understand russian generals especially in the nuclear era are not taking phone calls from their american counterparts and that's a serious thing. 30 seconds on that. >> it is very -- this is a signal they are breaking communications.

exploring the possibility, with nuclear warfare. might do something with chernobyl like he did recently with the chemical plants where he unleashed chemical warfare. stuart: that is serious stuff. we appreciate it. still ahead, shannon bream, victoria spahr ts, the one thing the president got right in his recent speech, food shortages are coming. he got that right. in a moment, we will spell out the implications of that. it is not good.

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wrap their arms around us, could we put little handles on our jackets? -denied. -can you imagine? i want a new nickname. can you guys start calling me snake? no, bryan. -denied. -how about we all get quotes to see if we can save with america's number one motorcycle insurer? approved. cool! hey, if bryan's not gonna be snake, can i be snake? -all: no. >> americans are wondering why we have these financial sanctions. vladimir putin's war didn't actually disrupt any production or export of oil, it's our sanctions that are doing that. and if they're not having a deterrent effect, why do we have them? >> -- authorized about a hundred of these in the lawsuit -- latest aid package, which is not enough, in my opinion, but it's a start. >> the biden administration's made it more difficult to be in the oil business than it was under the trump administration. before covid we were producing

13 million barrels a day in the u.s., right now we're producing 11.6 million barrels a day. i think we've got the capacity to go to 4-15 is million barrels a day. >> we're not getting signals that a resession is imminent. the market was concerned about this and maybe still is, but i don't think we're going to be in recession in the coming months. stuart: 11:00 eastern, and it is friday, march 25th. solid gain for the dow, it's up 190, but the nasdaq has returned to the southland, it's down at this moment 28 points. and here's why, the 10-year -- well, okay. i'll give you crude oil first. it's at $111 per barrel. okay. what's moving the markets is the 010-year treasury yield, it's awfully close and, in fact, it just hit 2.5%. that is the highest rate since at least may of 2019. it's a big move in interest rates. it means that a little way down the road you're going to see

mortgage rates go well and above the 4.25% where they are now, okay? if now this. if there's one thing the president got right, it's his statement that there will be food shortages. sanctions on russia and attacks around the wheat and cornfields of ukraine insure that basic food mod ities will be in short supply, and that means much higher prices. and the problem. stretches out into the future because there is a shortage of fertilizer. in some countries that could mean civil unrest and even regime change. remember, it was a spike in wheat prices that helped set off the arab spring. putin takes a lot of the blame for this. it is his war. but food price inflation started way before ukraine was invaded. biden must take some of the blame. your grocery bill went up as biden flooded the economy with cash. what does this mean for america? it's bad news. your grocery bill is already a

shock, and it will get worse as food shortages appear. i paid $7 for a one-pound loaf of whole wheat bread yesterday. i wouldn't be surprised at a $10 price tag this summer. there's no easy fix, but there are serious consequences. your standard of living goes down. interest rates go up. stagflation is likely right around election day. third hour of "varney" starts right now. ♪ ♪ stuart: let's change the subject away from inflation, all that stuff. podcast host joe rogan really taking aim at woke big tech executives. you've got to watch this. roll it. >> the lunatics are running the asylum, to a certain extempt. there's a lot of people inside the company that are mentally ill, and they consider

themselves activists. steve hilton is with us, he's laughing. [laughter] what's this about mentally ill? do you agree with that statement there? >> well, i love joe, and i totally agree with the problem he's diagnosing, that these big platforms see themselves in an activist role. i suppose mentally ill is the right term in the sense that megalomania, the pursuit of power over all else, that's really what's thriving -- driving a lot of the activity you see from a tech company from a business point of view. they call it network effect, the more people on the network, the more useful it is. what that really means is monopoly. and that's why this is so dangerous. if it was just some random web site that had an activist viewpoint, you could always go to another one and have the conversation there, but they really determine the national conversation, particularly twitter in respect to politics and government. that really is the place where the political media elite have

the conversation, and so it drives an awful lot of what goes on in our society. and that is -- if you just looked at what the twitter ceo's been saying, he absolutely believes in applying his own far-left, extremist, warped view of the world. that is dangerous for our democracy. stuart: it certainly is. here's another one for you. parents in california and, i believe, minnesota may soon be able to sue social media companies for addicting their children. i don't know about in this, steve. you're more into this than i am. do you think social media can addict youngsters? >> i think it's, i think they're slightly missing the target, to be completely honest with you. we've had this conversation before. it is not the platforms themselves, necessarily, even the apps that go on them. i think the smartphone is the problem. that's the way that children get addicted all the time. the screen addiction is a serious thing. now, if you've got a television or a laptop or -- you can control that, and that is the

parents' job, to control that for their children. you can't outsource that to a company. the problem comes when it's mobile, when it's in their pocket the whole time regardless of whether the parent is there. that's why i argue very strongly that parents shouldn't leapt kids have smartphones at a young age. but that is a place to aim -- stuart: what's a young age? i think you were on this program before that you wouldn't allow kids under 16 to have -- >> yes. 16. i've been arguing that for a long time now. stuart: you're wrong. [laughter] look, i mean, youngsters would find it very hard to function without a phone. i mean, all kinds of things, school work, social things, that that kind of thing. it's not that easy. >> but we can change that. we can change that. we need to take back the parents. we're really concerned about things, for example, kids -- underage kids seeing violent pornography, that happens on a

daily basis because that's available on their smartphone. you want to control it, you shouldn't have these internet-enabled dices. -- devices. do it with a laptop in a controlled environment not wandering around with the entire internet, good and bad, in your pocket at anytime. stuart: we're going to agree to differ, mr. hilton, i hope that's all right with you. [laughter] the average for a gallon of gas in california, $5.90. governor newsom, he's proposing a $400 gas rebate in the state. what do you think of that? >> well, look, why is it so high in california? we are an oil and gas producing state. we have huge reserves of oil and gas here in california. it should be cheaper than in other parts of the country, but it's not cheaper, it's more expensive. 51 cents of every gallon of that is the statewide tax. then you add local tax. it's up to 70 cents with

taxation. that can be changed. that can be reversed. republicans in the state legislature have a proposal to get rid of that. it was defeated by the democrat supermajority, but even beyond that, that only explains 70 cents why it's higher than the rest of the country. the rest is the regulation, the driving towards this climate extremism that's pushed by the democrats which means that instead of using the resources that we have here, we are importing it from saudi arabia. it costs more, plus you've got the renewables mandate right across the state for energy use. you can't store it because the battery technology isn't there. i'm all for green energy but not in this insane way that means prices are higher for consumers. this is not the result of putin or -- this is democrat policy that has driven the price so high, and they should reverse it. stuart: i think you should do your show, "the next revolution," from florida. i mean, i really think you belong in florida. forget this california stuff. but we will be watching,

sundays, 9:00 eastern, "the next revolution" with steve hilton. thank you, steve. >> stuart, thank you. stuart: want to get back to the markets, show you what's going on. the dow was up well over 200 points just a few minutes ago, now we're up 130, and the nasdaq has slipped further south, down 71 points there. yield on the 10-year treasury, it hit 2.50%. jonathan hoenig joins us this friday morning. first of all, can you address this? the yield on the 10-year treasury has gone to 2.50%. i mean, that rate has spiked. 2.48 right now, but it was 2.50 just a moment ago. what's the significance of that on the market? >> well, it is significant, and not just the fact that it's up, but that it's inverted. i mean, look, you've been covering the markets very closely, and politics, but markets very closely in the last weeks and months in particular. yes, stocks have spiked since the war started, and they say there's blood in the street,

terrible thing, but it's often true, yields have spiked and inversions have spiked, stuart. look, i'm looking, as we all are, for a sure thing, there is no such thing, but close to a sure thing. i think i found one. when yield curves invert, when short-term yields go above long-term yields, this is a 100% recession indicator. and that's what we're seeing today. not just the fact that yields are high, but unaccelerated yields are here -- inverted yields are here, and if you're looking for a sure thing, that's it. stuart: you say that progressives and the government together the make inflation worse. i got that. is that part of the rising interest rates? >> oh, certainly. when you hook at what causes interest rates, it is always government, in fact, government intervention. and that's even true when it comes to inversion, stuart. and that's what you're seeing. long-term interest rates, 7, 3, even 10-year interest rates are above 2-year interest rates. what does this mean?

100% of time we've seen this happen, you've seen a recession come. it doesn't come the same day, it doesn't come the same week, but somewhere between two years and a year almost -- after you've almost always seen a significant interest rate hike and a recession. that's what i think we're seeing now. yes, stocks are up, but interest rates are inverted. that's always a bad sign. stuart: okay. you have a great weekend -- [laughter] >> don't blame the messenger, stuart. stuart: your message is straightforward and we hear it. thank you very much, indeed, sir. >> thank you. stuart: lauren, moderna is moving down 7%. >> their ceo is weighing a private market debut for their mrna technology for the vaccine. there's congressional gridlock for new funding for the covid shot, so they might turn to the private sector. look, they have 31 vaccines, not just covid, 19 of them are in trial but investors just not convinced on the future for the covid vaccines, whether there's interest or funding for them.

stuart: i've noticed something on the market today, the airlines are higher. lauren: they are. stuart: do we know why? lauren: leading the s&p 500, in the top 10, led by american. united, delta, jetblue, they're all up. you have the industry pushing the biden administration to end the mask mandates, the testing mandates on flights and, you know, they demanded big. that would further boost their demand, and oil prices are down a bit today. that could be helping them. but, yeah, it is very interesting that the airlines are flying high today. stuart: general motors -- lauren: down a bit. stuart: $43 a share. >> they're idling a plant for two weeks in indiana start ising next week. they build pickup trucks, the gmc sierra, the factory doesn't have enough chips. it's the first chip-related, full-sized truck production if down time for gm since august, so the situation's getting worse, not better. stuart: getting worse, always bad. a new poll shows most of us americans think biden hasn't been tough enough on russia.

congresswoman victoria spartz was born in ukraine. i'll ask her what she wants to hear from biden today. right now the prime minister's meeting with troops and humanitarian -- president's meeting with troops and human wane workers in poland. ashley webster joins us next. ♪ ar insurance so you only pay for whatchya... line? need. liberty biberty— cut. liberty... are we married to mutual? only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

stuart: all right. this is just coming at us, the ukraine foreign minister says ukraine has not, repeat, not reached consensus with russia. that was based on turkey's erdogan who had said earlier that there had been a consensus established between zelenskyy and putin. ukraine's foreign minister said the negotiation process with russia is still very difficult. that pushback on the consensus

view has has affected the markets. we were up over 200 points on the dow when the consensus report was released, now when the consensus idea has been bashed down, we're only up 50 points on the dow industrials. president biden's in poland as of now, this -- that country struggling to keep up with the huge influx of refugees. ashley webster is in poland. what message is the president trying to send with his visit there today? >> reporter: well, first on the military side. we've seen him greet and meet with some of the troops of the 82nd airborne division, chatting with them in the mess hall, having some pizza. i think the message here is a message of strength. we are about 60 miles from the ukrainian border, certainly not a border town. but when the u.s. president comes to southeast poland like this and talks to his troops, i think the message is clear to those on the other side of the border, don't even think about

it if you want to come and step on nato territory. the second message, i think, is a show of support for poland, the refugee crisis which we've been following day after day, week after week, truly remarkable. let me give you the latest numbers, and then i'll tell you what the president is saying. from ukraine total, 3.72 million refugees. poland alone, 2.2 million. that's in just over 4 weeks, and we understand now anywhere from 1.2-1.3 million of those refugees are staying in poland, and that is the problem. president biden announcing up to 100,000 ukrainian refugees will be given passage to the united states, but as he announced that, but he said but i know that these people want to stay in poland or at least as close as they can to their homes in ukraine. also providing a billion dollars' worth of money to help the various countries along the ukrainian border help deal with the influx of those refugees.

overall i think the message has been clear from the if presiden, he has said many, many times that the show of support by the united states with nato allies is very, very important. and, by the way, everywhere we go we see troops, stu. and the number of troops here in the 82nd airborne has gone up now to 10,500, more than double what you would normally see, and that that's in poland. so we're seeing an expansion of those troops up and down the eastern flank of ukraine and belarus, and i think that too is sending a signal that nato and the u.s. are all in this together. as for finding a solution to what's going on over there, as you just reported, the negotiations kind of falling apart again, and there is a sense this could grind on and on and on, and that could lead to more refugees here in poland. stuart: ashley, thanks very much, indeed. we hear you. let's bring in congresswoman victoria spartz. you got back from poland are.

what happens long term to these 2.2 million refugees who are in poland? it's not like they're going to go back anytime soon. >> thank you for having me. unfortunately, the situation is going to get worse before it gets better if we don't plan properly and if you were, e.u., u.k. and others don't try to help poland to deal with this. because it's not a one-day situation, and it's going to get much worse because now you will have refugees and russians that will try to do some provocation to the civilized country, a lot of criminals are in the country went through the train station, went through the border x there are a lot of very shady people out there that are try to do human traffic, child traffic, it's going to become dangerous out there. and i think the whole world needs to help because it's not just an issue that poland has to deal with. it's a crisis that affects all of us. stuart: we've got a new poll

that shows more than half of americans believe the president has been too weak in his response to the war. congresswoman, do you want to go for a military win? that would be a strong approach to the war. and by that i mean, giving ukraine the military weapons that it needs to push back the russians and beat 'em. do you want to see that? >> well, i think ukraine is in great position to push back, and i think, you know, that's -- really the whole world can help them to do that. because if they don't win that war, we'll have to be fighting this war. so really just from a practical standpoint is the cheapest way to help the people to survive, and we have an ability to do so. you know, they're slaughtering now a lot of people, and they need to be able to defend themselves. and if we are not able at this point to confront right now directly countries like russia, we need to help ukraine to defend their people.

stuart: do you think president biden has been weak? >> i think president biden does a lot of talk. i will do this, we will do this. i hope when he comes back home, he says i have done it, i have delivered, i have accomplished, i've done this. i'd like him to talk more in the past tense than the future tense because words mean nothing. only the results of actions means something. and then putin will understand that the west means business, and then we can stop this insanity. stuart: congresswoman victoria spartz born in the ukraine, congresswoman in the united states today. thank you very much for joining us, appreciate it. >> thank you. stuart: we told you about russia demanding unfriendly nations pay for russian gas in rubles. all right, how do they want friendly nations to pay? lauren: india, china, maybe turkey, they can play in ruble, yuan, local currency or bitcoin. china has banned bitcoin and cryptocurrency, so that just doesn't make sense right then

and there, unless they change that rule, and, you know, the friendly countries where they have not banned cryptocurrencies, i don't even know if bitcoin has the infrastructure that they can handle such a transaction or guarantee the safety. so putin is desperate, i would say -- stuart: exactly. lauren: that's the bottom line. stuart: there you go. the dow has virtually lost all of its gain. a few minutes ago it was up over 200 points, and now it's up just 20. the nasdaq's down 132 points. all of this is because about an hour ago we got a report of consensus and peace talks between zelenskyy and putin, but the ukraine foreign minister has just shot that down. down goes the dow, down goes the nasdaq. all right. we've got a story here, here's a stock that's already gone down 20% this week, that is okta. it's at a two-year low, down another 4%.

police in london just arrested seven people in connection to the okta hack attack which we reported earlier this week. all the suspects are between 16 and 21 years old. how about that? a piece of the boeing 737 was just found 6 miles from the crash site in china. we've got more on that story for you. a washington post op-ed claims judge ketanji brown jackson was treated worse than kavanaugh at her confirmation hearings. do they remember the kavanaugh hearings? let me refresh your memory. roll tape. >> so you were known as a sloppy drunk, and so your roommate was lying. >> your yearbook you talked about drinking and sexual exploits, did you not? [laughter] stuart: drunk and going back to his yearbook in high school. what a disgrace. shannon bream joins me next. ♪ ♪

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♪ stuart: all right. the markets show a lot of red now, especially the nasdaq. we're down 169 points because the yield on the 10-year treasury did hit 2.50%. i know you watch to get in,

susan, bed, bath and beyond. >> yeah. it's ryan cohen's week, wouldn't you say? winning that a deal this morning? i think they're still outperforming. look at all the ryan cohen stocks today, outperformance in a down market and correlated to the meme stocks. but, look, he got three of his investment firm staff on the bed bath board, which is what he wanted, he has a four-member committee being set up to sell off or spin out the bayh baby -- buy buy baby division. and the stock is being rewarded. he also bought another 100,000 shares of gamestop, so looking at a 6.5% rally on top of what he did this week when he ignited that huge spike, right? i would call him -- tell me what you think -- but i would probably put him in the realm of elon musk in terms of being influential, moving money and

getting the reddit/wall street bets crowd -- stuart: i don't know that i'd put him in with elon musk -- susan: almost. stuart: he's got influence, that's for sure. susan: and it's only been a year since you heard his name, right? the fact that he's moving markets like this, i think it's very impressive. stuart: am i right in saying big tech's being dragged down because of the 10-year treasury? susan: yes. meta, facebook outperformed at the open, remember ma meta threated to hut down facebook and instagram in europe. google was also -- look, i think that 8-day winning streak for apple pretty much coming to an end, at least under threats, wouldn't you say, with that 2.5 on the 10-year treasury yield? as you know, that makes these tech stocks more expensive if you're getting more guaranteed money on government bonds. but have you looked at the bank stocks today?

stuart: they should be doing well. susan: look at that. jpmorgan, goldman, citigroup just came out with their call for four 50 basis point hikes in a row for the fed if this year. yeah. stuart: no wonder the market's down a little bit. okay. dex come -- dex com, i have no idea what it does. susan: it makes glucose monitors for diabetics, and what they're doing, they're splitting their stock 4 for 1 which'll take place on june the 10th, and as you know, stock splits usually move markets. stuart: i'd love to see microsoft split its stock. susan: they did, didn't they? stuart: some time ago. susan: what about tesla? the second split in three years. stuart: susan, have a great weekend. see you later. look at this, "the washington post" argues that judge ketanji brown jackson was treated worse during her confirmation hearings than

justice brett kavanaugh. so we compared the two. watch this. >> you're saying there's never been a case where you drank so much that you didn't remember what happened the night before or part of what happened. >> so you are not a sloppy drunk, and and so your roommate was lying -- >> your yearbook you talked about drinking and sexual exploits, did you not? >> do you agree with this book that is being taught to kids that babies are racist? >> can you provide a definition for the word woman? >> if i had some information that's sketchy at best that somehow you'd done something wrong, i promise you just from human decency i would share it with you. stuart: legal expert shannon bream joins us now. all right, shannon, you are the expert. was jackson treated worse than kavanaugh? >> i think that would be a no from most people, if they're being objective. that kavanaugh hearing was

something like nothing i've ever seen. that was definitely on its own island of crazy town circus. it was, whether you agree with him or not, like him or not, the allegations were levy ised at the last minute, that information was withheld. it just, it got crazy on the hill. the fact is both sides do this, they're going to push the nominees if it's not the nominee from their party or their president, and they're going to want to score points where they can. get through the week without getting flustered, trying to keep their cool and be as vague as possible on answers about issues they think will come before them, but i think it's fair to say that a lot of these hearings in recent years have gotten combative and nuts. years ago there were no confirmation hearing, there was just a vote. so this is actually kind of a modern bit of theater because i think especially here where her confirmation's not in doubt because democrats have the votes, it turns into sort of a

partisan war. stuart: it's been like this since robert bork was nominated, i think, way back when. you may not remember it, but i do. >> i do. stuart: senator kennedy stood up and talked about how bork would bring us back to the days of segregation and all the rest of it, and bork was defeated. no wonder there are big battles over these things. you've got a new book coming out. i'm very interested. march 29th, it comes out. it's called the mothers and daughters of the bible speak. all right, shannon, what's it about? >> well, stu, we look at these women scattered through the bible through the lens of family relationships. listen, some of them are healthy and good, others of them are like dynasty, dallas and the kardashians on steroids. [laughter] families had a lot of problems. it'll make you feel better about your own family if you're having some struggles. but over the ages women have struggled through all kinds of things like war and famine, things we're seeing in ukraine,

widowhood, financial ruin. and i think it's reassuring to look at those stories and see how god was working through them even when they seemed wildly off track and he is very aware. he's been there himself, he has suffered, we're told everything that we had when christ came here and walked the earth. so i hope it's a reassuring message that people will be encouraged by seeing these women's bravery. stuart: it seems there's a large group of practicing, dead candidated christians at fox news. i'm right, aren't i? >> i think so. this is a book that fox is publishing under the fox news rubik rick -- rubric. we have devout, faithful people who are also our faithful viewers, and there's a real thirst out there for people who say my faith is important to me in my life. this book is for those people who study the bible and for people who maybe have never picked up a bible, but they'll be probably surprised by some of these stories to find they're in

god's word, and these women were difference makers in the course of history. stuart: we're going to be watching your show, "fox news at night." i'm astonished to find that it actually starts live at midnight. i don't know how you coit, shannon -- do it, shannon. [laughter] >> you know, stu, we have a great team. i know, i know, we're at opposite ends. fox has you covered at all times, folks. stuart: well said. thanks, shannon. good luck with the book. >> thanks, stu. stuart: we're tell you about american airlines and how they're honoring our nation's heroes. conservative workers at disney beginning to -- begging the company to stay out of politics. they say their woke coworkers are creating an environment of fear at disney. we've got the report next. ♪

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stuart: well, i'm afraid to say i'm seeing a lot of red ink on the dow. the dow industrials are down a fraction, but look at that nasdaq, down 140 points. let's have a rook at fedex. they are testing electric delivery carts in 10 cities. there's the video. the carts eliminate the need for couriers to find parking spot. that has become a major problem. fedex up just a fraction. this is national medal of honor day. american airlines has unveiled a new painted aircraft that pays tribute to the award and those who have received it. this comes as the national medical of honor museum set to break ground in arlington, texas, today. there's the plane. and southwest airlines launching a new ticket option. i believe this is their second cheapest fare level, right? lauren: another option for flyers. why it's critical is you can make same-day changes, which are very popular right now, without

having to pay the difference on the airfare. you get two free checked bags, that's a perk, and what southwest wants to do is attract more business travelers and bring more leisure travelers who want the flexibility. you should see it in may or june. you pay a little more, but you get more. you were talking about your troubles planning your australia and new zealand trip. it is more expensive than a regular seat. stuart: this is for your -- you as well. the faa, serious stuff, warning that boeing's certification for the lensenned -- lengthened 737 max may be in trouble. lauren: if they don't approve it by the end of the year, boeing could lose out on big orders. so it involves meeting safety standards in the cockpit. could also mean a loss of boeing's jobs. many problems, the latest of that 737 800 in china.

a piece of the jet was found 6 miles away from the crash site. did it fall off during the flight? did that, perhaps, cause that nose dive, 22,000 feet in 72 seconds? we don't know. northbound traffickers have one of the two black -- investigators have one of the two black boxes, and the pilot sent no emergency signal. so whatever happened seemed to have happened fast. it could be related to that piece they found 6 miles away. stuart: good lord. we've got to find out why that thing went down like that. thanks, lauren. disney getting real backlashing lash from some of -- backlash from some of their employees. ya hu, break it down. >> reporter: yeah, a group of anonymous employees published a letter calling for the company to be politically neutral and saying their progressive liberal colleagues are creating an environment of fear, saying in part, quote: the walt disney company has come to be an

increasingly uncomfortable place to work for those of us whose political and religious views are not explicitly progressive and going on to say employees who want the walt disney company to make left-wing political statements are encouraged while those of us who want the company to remain neutral are say so only in a whisper out of fear of professional retaliation. now, stuart, this is following progressive disney employees threatening to strike and a walkout over posing florida's parental rights in education which has been branded the don't say gay bill by democrats. disney's ceo initially stayed silent, but after heavy criticism, he backtracked and apologized. now, stu, disney's dive into the political discourse has been foreshadowed on your own show. less than a yearing ago, you had

chris rauf foe on to discuss the anti-racist training for employees. that training was subsequently deleted after his reporting. watch. >> this is a fashionable ideology, and i think that's what it does for disney, is two things; it appears the activists within and outside of the corporation, but it also serves to defrequent attention from disney's atrocious record. they think that that they can whitewash that track record, deflect attention away from that. >> reporter: well, now disney is trying to calm the internal uproar as the ceo enters his third and what could be the final year of his contract, and i think it's safe to say, stuart is, it's really not the fairy tale ending he would want for his tenure as ceo. stuart: i think that's fair to say. lydia hu, thanks very much, indeed. we have an american who owns a drone company, and he set up shop in europe to train ukrainians to have a go at the russians with his drones. he's 22 years old, he came up

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stuart: reuters reports that more than half russia's missiles in ukraine are failing. i want to hear more about that.

lauren: they're citing three u.s. officials that putin's precision-guided missiles failed up to 60% of the time. the normal rate is 20% failure, so this is a big deal. they've launched 1100 missiles of all types since the beginning of the war. this suggests that russia hasn't gained more ground in ukraine, it could explain why we see so many civilian attacks because not only is the precision-guided missile failing, their supply is running low, so they're reverting to the unguided bombs, and then you're seeing a lot of civilians in jeopardy because of it. stuart: all right. let's contrast that. my next guest is helping train ukraine's military to use his drones in the fight against russia. blake resnik is the founder and ceo of brink drones. he's the 22 -- he's 22 years old, he started the company when he was 18, and he joins me now. i want to know about these drones. you've got something called the lemur drone, and it is now

operating in ukraine with ukrainian pilots trained by you, is that correct? >> that is precisely correct, and we have one right here. stuart: that's it? >> this is actually one of the trones that ukrainians were actually just -- drones that ukrainians were flying in ukraine -- stuart: isn't there more to it than that? >> yeah, yeah, this is the bird. there's a controller that they're using to actually fly the thing, but this is helping ukrainians find russian assets. stuart: so it's for reconnaissance. you can't put a gun on this thing -- >> entirely unarmed. but, you know, it's still really useful. you start thinking about an urban combat type situation, troops being able to know if there's a russian in a building, that is incredibly valuable, right? locating russian tanks, also searching collapsed structures which now, i mean, unfortunately litter ukraine's landscape. stuart: how many have you got operating in ukraine? >> yeah. we just completed a donation of 10. stuart: you gave them 10.

>> yeah. which is about $150,000 -- stuart: $15,000 each? >> that's right. stuart: seems like a lot of money for a very small item like this. what's the technology in this? >> yeah, i know. there's quite a lot. first of all, laser guidance technologies which is pretty important. you start thinking about gps, gps signals are getting jammed left and right right now in ukraine, so being able to rely on lasers is absolutely critical. we have night vision in this thing, so sees perfectly in zero light conditions, this is the only drone in the world that can breakthrough a pane of glass and also the only one that has two-way audio capabilities. so, you know, if this drone does find a survivor in a collapsed building, they can talk to them. stuart: so wait a minute, you fly this thing over ukraine, it's got a laser system that looks down, reports the information back to the drone which then sends it to the handler, the pilot? >> yeah. and helps them figure out where it is in the world, you know? it's moving to the left or right, it helps it avoid

crashes, all that kind of stuff. stuart: how long does it take to train a pilot? >> yeah. we did it the in about 15 hours or so. so accelerated training course, but, yeah, we got it done. stuart: okay. let's transfer our attention back to america. presumably, you sell these things in america. >> yeah. stuart: not just the ukraine, right? >> correct. stuart: where are they -- what are they used for in america? >> search and rescue, hostage situations, hazmat, police, fire, kind of all of emergency response. stuart: did you come on the show not too long ago -- >> i did, yes. stuart: -- and i asked you about police officers using these things to go inside if a building where there may be a hostage situation, and you can talk to the hostage. >> yep. same guy. stuart: $15,000 each? >> that's right. stuart: how many of them are used in america? >> hundreds now. many hundreds, yeah. stuart: you own this company 100%? [laughter] >> we've taken on investors, of course -- stuart: how much of the company

do you still own, what percent in. >> a little over 50%. stuart: and what do you think is the value of this company? >> pretty high now. we have, we have an announcement coming up in the short-term future that'll confirm that. but hundreds of millions. stuart: so you're 20 years -- 22 years old, and you're worth a great deal of money. [laughter] >> something like that. stuart: do you ever change your hair style? with all that money, you ever gonna do it? >> i don't have a choice really, this is just kind of how i wake up. stuart: whatever you say. [laughter] look, we think you're great. your trone cans are excellent -- drones are meant, and you'll be back on this program in no time. good stuff. 11:55, it's time for the trivia question of the day. what is the best selling car in america? toyota camera, honda crv, chevy silverado or the ford f series? the answer right after this, and

maybe mr. rest nick will pray along with us. you can -- play along with us. stay right there, we'll be back. many. ♪ n you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. ..

stuart: we asked what is the best-selling car in america. what is your guess? >> ford f 150 is the best selling truck in america so i will guess that. i suspect our drone guy has

googled this. you got it right. you knew it. >> i did not know it. stuart: let me read the script, the ford f one hundred 60 is the best selling truck, last year sold 2600 at one 50s, that's more than the biggest competitor, the fiat chrysler ram. you got that? time is yours. neil: the president continuing his european trip in poland, no indication as to whether he has made progress getting everyone on the same page when it comes to building up nato troop presence across the country. the only countries we are talking about are those that border ukraine.