mcdowell, is that the negotiator said that the talks were constructive and moscow has agreed to sharply cut military around kyiv. dagen: hope for the best, prepare for the worst, and hopefully, that the united states stands united with ukraine and continues to support them post-haste with weapons. maria: yeah, markets are up and oil is down. have a great day, everybody, thank you, dagen mcdowell and steve forbes, "varney" & company begins right now. stu take it away. stuart: good morning, maria, good morning, everyone. we're still asking whose really in charge at the white house. ukraine is still fighting and gaining ground, and the market is still in a rally mode despite inflation and war. look at this to start with, solid gains for stocks again this morning. investors encouraged by face to face peace talks now taking place in turkey. the dow up maybe 270-280 at the opening bell, solid gain for the s&p and the nasdaq looks like it could be up 180 points.

this helps as well. oil coming way down, in fact, earlier this morning, yet right now, it dropped below $100 a barrel, that of course is way down from the $130 price at the start of the war. that's encouraging wall street. no change for the price of gasoline, still the average of regular is 4.24 but look at diesel. keeps on going up, very important for the economy, not good news for the economy, you know at 5.13 for a gallon of diesel national average. bitcoin holding at what, almost 48,000 bucks a coin, ethererum well-above $3,000, as for interest rates, we've got the yield on the 10 year treasury now at 2.45%. okay, that's the markets. politics. biden introduces the 2023 budget the democrats want to call it ce ntrist, but government would still spend 31% more than it did in 2019. the war, the mayor says mariupol

has fallen with 5,000 civilians dead, but ukrainian fighters have retaken a town near kyiv, the capitol, and have taken down russian planes. perhaps the weapons we sent are getting through. the slap, there's going to be an investigation of will smith's assault on chris rock. i think he set a terrible example for young men everywhere the obscenities he screamed, what an embarrassment and the standing ovation smith received was a disgrace. that's my opinion, and i'm going to stick to it. tuesday, march 29, 2022 "varney" & company is about to begin. stuart: all right, let's go straight to the war, abdomen get the latest out of ukraine, lauren? have the ukrainian military, have they reaimed any turf? lauren: they sure have, irpin, a suburb of kyiv, its forces have

reclaimed it and a territory 20 miles from the northern border with russia called trusti nest, also clawed back however if you look in the south , mariupol they are still being attacked 160,000 ukrainians are trapped there, and then you have this long range missile strike far-west on a fuel depot being used to supply ukrainian forces. stuart: okay, so that's the round-up of what the latest thing, okay what's the latest on the peace talks? lauren: this is the first face- to-face talks in three weeks and they happened in turkey and there are reasons to be optimistic should you choose to show optimism here. one reason is the turkish foreign minister calls the talks the most significant progress yet, strong language, and the second is russia says they will fundamentally cut cut back operations near kyiv, the capitol, and also what is the reality of the situation? putin wants land akin to split ting ukraine indiana half, the way north and south korea are. is zelenskyy going to give up, let's say, the eastern territory stuart: that's the basic

question isn't it? lauren good stuff thank you very much. now watch this exchange between president biden and fox news peter doosey. it's all about the white house walking back his putin comments. roll it. reporter: are you worried that other leaders in the world are going to start to doubt that america is back if some of these big things that you say on the world stage keep getting walked back? >> what's getting walked back? reporter: it may sound like just the last couple days, it sounded like you told u.s. troops they were going to ukraine. it sounded like you said it was possible the u.s. would use a chemical weapon and it sounded like you were calling for regime change in russia, and we know -- >> none of the three occurred. reporter: none of the three occurred? stuart: i honestly don't get that. none of the three occurred. well, they did. matt schlapp is with us, all right, matt. when his statements are walked back by his aids, we have to ask the question -- who is setting policy?

is it the first who writes his script on the teleprompter, matt , is that who is in charge of policy in america today? >> well, you know, we've talked a lot about the 2020 election, stuart, but we don't spend very much time talking about that the national news media by and large covered up for the fact that joe biden couldn't wage a real campaign and they used the coronavirus as an excuse. the fact is, he didn't have the ability to have the energy to get through big, full days on the campaign trail and he doesn't have the energy or the mental acuity to operate on the world stage and i think these three examples that peter doosey did an excellent job. i don't think peter enjoys asking the question, i don't enjoy answering the question, but the fact is, we have a president who simply is not up to this job and this is very dangerous. stuart: it's just a very difficult thing to talk about. the president's going to be 80 years old in november. >> very. stuart: he's not focused, and we

have a vice president who does not have the confidence of the country. i think the country really does have a problem. >> it's a huge problem. i'll be honest with you. i think jen psaki is as much the president as anyone's the president. she's the person we see on almost a daily basis doing clean up on aisle three, explain ing what the policies are i don't agree with the policies but at least she can get through an explanation even if it's a juvenile explanation of what they are going to do. whenever joe biden or kamala harris get involved it gets very messy. think about this. we've basically called for the coo in russia of russia 's leader. well, now we have to ask ourselves how does this leave putin to view his military options right now? i don't think it machetes hill calm down, i think it makes him heat up. this is dangerous for our troops , this is dangerous for our country. i think the democratic party needs to talk about who actually is up to do this job, and they need to decide fast.

stuart: it will be nice to know would it not? matt schlapp thanks for being here, more on this entire story throughout the show. thank you, matt. i've got interesting news, of great interest to realtors and home buyers the latest read on home prices. lauren: yeah, up 19.1% in january, from last january. this is january, this is before the war, and the spike in rates that we've seen so you can imagine prices are going to go up even more when we get the latest data but it's the fourth largest annual gain on record. if you look at the 20 major cities that they track, phoenix, tampa, and miami, so price gains of at least 28% in the past year stuart: 28% in a year, my goodness me. now that looks to the past. that's january. lauren: yup. stuart: not looking to the future at all, but interesting mark-up. lauren: and 30 year at 4.4% and climbing. stuart: thanks lauren let's get back to the stock market look at futures we're going to open higher again this morning, plenty of green left-hand side of the screen. david nicholas with us this

morning. david, this is a rally. why don't you tell us where you think this rally is going? >> yeah, stuart no question the bulls are in charge right now. this is exactly what me and you discussed just last week and said the s&p could trade up to 4,600, well here we are today. so here is where i think markets are heading over the next couple weeks. it's going to be choppy because the one thing i don't like is the volume so we watch, we want to see large volume on up-market moves. we're not really seeing that so there's going to be choppiness but from a technical standpoint, 4,600 level on the s&p if we can close above that and stay around these levels that's very positive but i don't think we'll see much upward movement and fundamentally, there's concerns as well, right? you've got consumer sentiment at 10 year lows, i think a lot of that has to do with what's coming out of washington, we've got inflation, we've got savings for americans are at pre-covid levels, so what that tells me, stewart, is with all the inflation we've been seeing, consumers are drawing down their savings, so we're looking at all this and that doesn't bode well in the short-term, but i do not see any major sell-off.

i see sideways moves probably over the coming weeks. stuart: this is not a good time to buy a house, if you are looking for an alternative investment to the stock market or the bond market, houses don't look real good right now do they? >> you know stuart it's a shame when interest rates are rising at the same time home prices are , that hurts americans and hurts middle class americans, especially families trying to buy a new home so it's tough. so that's going to be another hit to the middle class that we have to look at but i do like owning real estate as an investment for our clients that don't want money in the stock market, i like real estate for the income that it can produce especially for rent as inflation goes higher, rent should also go higher as well. stuart: i just don't want to be a landlord, david, it's that simple. you know, i don't fix washing machines very well. >> 2:00 a.m. calls stuart you don't want to wake up and fix a dishwasher i understand. stuart: precisely david nicholas you're all right thanks for being with us. >> see you soon. stuart: i've got to get back to it. the slap heard around the world. lauren: yeah. stuart: will smith apologized?

lauren: finally, a direct apology on instagram last night. violence in all its forms is poisonous and destructive, my behavior at last nights academy awards is unacceptable and i would like to publicly apologize to you, chris, i was out of line and wrong and i'm embarrassed and my actions were not indicative of the man i want to be. all right we haven't heard from chris rock about that apology yet, but shall we refresh our viewers? this is what he endured sunday night. >> jada, i love you, gi jane ii , can't wait to see it. >> [applause] >> oh, wow! wow! will smith just smacked the [ bleep] out of me. >> wow, dude! it was a gi jane joke. stuart: oh, dear. lauren: chris rock's tour tickets went from $46 to $341 overnight but in all seriousness

, should will smith have his best actor award taken away? there are reports that the oscar held an emergency meeting to decide what to do and the academy has launched a formal review to decide that because he brought violence to the world stage essentially. this is a classy act where the best actors received their awards, and he should not have done that. should he get his trophy taken away? stuart: i'm not going to answer your question. i'm going to engage on this later in the show i've got something to say about this and i think it's a disgrace, but that's my point. lauren: i want to hear from jada stuart: now tell me about the ratings. lauren: 15.4 million which is a big increase from 2021, but, the second-lowest of all-time. stuart: back in the 1990s they got 50 o million people for the oscars and now, you're up 15. lauren: second-most of all-time. stuart: thank you lauren check those futures you'll like this tuesday morning we're already going up nicely, 270 on

the dow, 170 on the nasdaq, and here's what's on the show later. biden's blame game. first it was putin's fault for rising gas prices. now, you guessed it, it's trump 's fault for america's " fiscal mess." roll tape. >> after my predecessors fiscal mismanagement, we were reducing the trump deficits and making real headway cleaning up the fiscal mess i inherited. stuart: [laughter] okay, i'm glad that charles payne is going to be here later to take that on, because i'd like to do that too. ukraine and russia resume peace talks in istanbul, how far is ukraine prepared to go for a peace deal, how far will the russians go? i'll ask the president, the former president of ukraine, petro poroshenko, he's here, after this.

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stuart: ukrainian army has pushed russian forces out of irpin, that's one of the most- fiercely contested towns in the suburbs surrounding kyiv. alex hogan is in ukraine. peace talks in turkey are done for the day. any progress, alex? reporter: so, we actually heard that these were some of the most powerful and potentially some of the best and most meaningful conversations we've heard to- date, still there's a lot of skepticism on the ground of whether or not anything will actually come out of these peace talks, but the russian deputy defense minister announced that russian troops will actually move out of the capitol, still we continue to see attacks and bombardments across the country including kharkiv, take a look at the footage where people

arrived, families and teachers combing through the rubble of a school that was bombed earlier this morning, by a missile. mariupol is now in the hands of russia according to the mayor there, who has called for a complete evacuation saying that 5,000 people have died including about 200 kids, and roughly 160,000 people are trapped. volunteers rallied to help the army and others flee in droves. one woman explaining that the russian army arrived in her city and like so many other people, she grabbed her children and she went for safety finding shelter in her basement, facing the harsh reality of how desperate their life has become and how much it has changed just in a matter of weeks. >> we have been sitting in a basement for a month and have not been able to go out. look how i look, like a normal person? all dirty, yesterday, they were bombing and nearly killed us. how is it possible to live like

that? reporter: the negotiations between russia and ukraine will resume tomorrow in turkey. ukraine says it will not compromise its territorial integrity, but it is open to neutrality. earlier this morning, ukrainian president zelenskyy spoke to the danish parliament calling for international aid not just from singular countries but really from the world at-large. he said that about 700 educational institutions, so schools and colleges, have been destroyed in the last month. there have been more than 1,300 attacks and strikes and he says there are roughly about 40 bombs that are dropped every single day so this continued attack that we're seeing here we also heard sirens here in lviv today as this war continues. stuart? stuart: alex, thank you very much. petro poroshenko is the former president of ukraine, and he joins us now. mr. president, may i ask, where exactly you are right now, because we see scenes of

destruction in the background. >> we are in irpin which was we are just 10 kilometers from irpin and now, i doubt if you hear or not, this is the russian shelling which is just two maybe less than two kilometers from here, and this is just a demonstration that russian deputy minister of defense said that they decreased the activity of the russian forces. now, this is not true, and the russian see exactly now attacking civilians in kyiv. we are here and this is one of the biggest centers with 100,000 square meters with that was completely destroyed by russian

missiles and over there, we have residential buildings and they are very new and very modern and they were built during the last eight years, starting with my presidency. they are completely destroyed. this was a symbol of success and this has made putin nervous, made putin crazy. attacking ukraine to destroy ukraine. he just refused our right to live. he just hates for ukrainians to have our own state. this is definitely evidence of him. stuart: mr. president, the peace talks will resume again tomorrow in istanbul. what is ukraine prepared to give up to get peace? >> first of all, ukraine never give up.

learn and this is the position, and the miracle ukraine demonstrates surprised the world and surprised putin, because putin comes to have ukraine within 36 hours and some majors give us 72 hours and today it's almost five weeks when we are fighting for our nation. point number two, this is the full responsibility of zelenskyy, and this is difficult responsibility because when i was the president, i have five years of negotiations and putin plans for dividing and destroy ing ukraine, and i do my best to make zelenskyy stronger and demonstrate the unity of ukrainians inside the country and the global solidarity with ukraine, but it be no compromise on territorial integrity of ukraine and any peace might but accepted by ukrainian people,

and this is extremely important to understand now, and i'm happy that as far as i understand, zelenskyy make a statement also repeating this position that it be no compromise on territorial integrity. stuart: mr. president, we do hear you loudly and clearly. petro poroshenko, thank you very much for being with us, sir, we wish you well. thank you. >> thank you. stuart: indeed. all right, check those futures, please. i see green all across the screen up 270 for the dow, 170 for the nasdaq. the opening bell, we'll take you to it, next.

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talks. what do you say? >> it has a lot to do with it stuart but i think this market has shown a lot of resilience. for q 1, we've dealt with a lot of turmoil in the markets and we're now sitting once we open about 3% off all-time highs so i think that says a lot for the underlying strength of this market. stuart: so can it come back more to get back closer to those highs? >> not only can it, it will. we're there, we've dealt with a lot of headwinds but we're getting through that. earnings will support a higher market. stuart: i should not doubt you, because for the last 10 years, you told me consistently it's going backup again, and you've been right. >> thank you. stuart: and you think you're going to be right again? >> i'm quite certain i will be, and it may even get there stuart by the end of the quarter. imagine that we could end up q 1 flat-to-up on the s&p 500. that be a story. stuart: yes it would. so in other words, because i've kept my money out of stocks, and in cash, i've been all wrong. hopeless, right? >> oh, man, you need me here.

yes, absolutely you should be in the market because that's where you get growth. even though interest rates have gone up slightly, you don't want to be sitting in cash, because you're essentially losing money. you have growth in the market, there's a large basket of high- growth names. don't trade. don't try to time when you get in or when you get out. stick with the high-growth names a basket of them and you will not lose money. stuart: 10% inflation? interest rates that are indeed rising, an unpredictable war and you still say we're going to record highs by the end of this quarter. >> but potentially by the end of this week, yes. stuart: by the end of this week? >> yeah, by the end of q 1, we could be back to the green in the market stuart that's why you can't time this. you need to stay invested. it's not the timing. it's the time in the market so get the money back in the market stuart: producer, do you have the video tape, because i want to keep that video tape and sell it back to him in case he's wrong. so, by the end of this week, we could be 3% higher on the s&p 500. >> absolutely. we're going to get 1% today.

stuart: okay, we're up 1% already before the opening bell. it's great to have you in new york. >> great to be here. >> [opening bell ringing] >> thank you, sir. stuart: i hope you're right. thanks very much, indeed, mr. murphy. 10 seconds to go we'll see how things shape up today. if you look on the bottom right hand corner of the screen futures suggest the dow is going to be up way more than 300. now the trading has begun. where are we? this is exciting stuff. we're up 326 on the dow industrials, now 350, right from the start that's the best part of 1% and now let's see what's happening on the s&p. mr. murphy here predicted that we'd be up 3% on that index by the end of this week. today we're up almost, well, .83 %, going in the right direction, murphy you've got that one right. how about the nasdaq? where's that this morning? up better than 1%. show me big tech because they've got to be doing well. if the nasdaq is up 1%,

microsoft is at 313, apple 176, going to get into that in just a second, and what's it called? lauren: google. meta. stuart: alphabet is up, amazon is up and meta what was that one again, facebook. lauren: that's right. stuart: now i want to single out apple. the voice you heard you didn't see her on camera but that is susan li and i want to point out that apple is on a run. >> yes, 11 days that its been up, that's the longest winning streak since 2003 before the iphone. $3 trillion market cap within striking distance and in those 11 days here is the law of large numbers adding $400 billion in market cap so that's like a walmart right there, in 11 days for apple, and as you heard from mike murphy, we could be reaching record levels since you're only 1% away from apple going positive on the year, and analysts have been getting more bullish. they have been raising their earnings by 7% and i think it's

the rethink that companies that can raise prices have power in order to raise prices and then keep their customers, they get rewarded in high inflationary times and really, it's just an across-the-board risk rally today, as you mentioned with those cease-fire talks in turkey , and suggestions that russian aggression might be coming down, near kyiv. stuart: murphy is sitting right next to me. >> i know great toaster him for the first time in a long time. stuart: the dow is up 400 points , you get that sense of enthusiasm and excitement. >> we dealt with a lot of headwinds and now we're starting to see through to the other side of those and that's why people are now starting to put money off the sidelines into the market. stuart: okay. here we go. meme stocks, i don't care about meme stocks. >> oh, here we go. well, yeah have you looked at the, this is what we call a face -ripping rally when you're up 45% in one day even murphy would use that terminology and then you had gamestop at 20% yesterday, one single session, it's risk-on once again look at the cryptos, bitcoin positive on

the year, and oh, by the way, to capture all that money that's coming through and the enthusiasm, robinhood just announced an extra four hours of trading this morning, and both amc gamestop doubling in just two weeks, in two weeks. stuart: i've been thoroughly wrong by leaving my money in cash and not putting it to, would in the market. you're nodding. >> yes. >> well, okay, so you know, when he says cash on the side line, he has a big stake , you know, in microsoft, right? and he also has a big blackstone holding, so it's not like he's cashing out. >> he's doing very well but the one thing i would urge you not to do is to bring cash off the sideline and try to chase one of these meme stocks and just say hey, my next door neighbor doubled his money so i'm now going to double my money that's how you lose a lot of money. do not do it. stuart: i'm with you 100% even though we've lost susan. >> even though he's living for another 30 years i think your risk appetite could be a little bit higher. that's my thinking, at least. stuart: now what do you got to say about the founder and ceo of

fedex, mr. smith. >> fred smith, you know, he's a legend, one of the largest package deliverers in the world, which he founded 50 years ago in the 70s so he stepping down on june 1. he's staying on as executive chairman but he is handing over the reigns to coo and we know that fedex, ups both have had fantastic two-to-three years on the market that surge in online shopping especially during covid , and smith, by the way himself, is worth around $4 billion. stuart: okay, welfare enough, the man is founder of fedex, i think he deserves every penny he's got. senator elizabeth warren notwithstanding. >> i agree. stuart: what is it? why is fedex up over 3% when the legend is stepping down? >> well, so i think it's all about package delivery, and of course them installing their own delivery system outside of say the amazons doing their own thing, but i think global shipping, online shopping, is obviously going to accelerate from here. stuart: you've got a piece of fedex? >> i do own fedex, and you know

, it's interesting. the first day they were in business, there was one package delivered and that was fred smith sent it to himself. that was the first delivery and look at it now. >> the pricing power too. they are able to raise their prices in this type of high inflationary environment and that's why fedex and ups and the like get rewarded. stuart: now tell me about nielsen. i mean, we live by nielsen and they are up 3%. the story, please? >> well that's because there's a deal and from what i see it's a $16 billion deal, 28 bucks a piece, so that's actually a premium to what they rejected over the weekend, so elliott management, brookfield, 60% premium which is pretty good so they get into data analytics and the other deal news, this is also indicative, by the way, of the fact that we're still in this cheap monier a, is united health is buying lhc, a $5.4 billion deal there. stuart: i do have to get this in there is some kind of news on

tesla. you always mention tesla. >> have you looked at tesla up 8% just after announcing a stock split it was up 2% in the pre- market still getting a pretty good rally here and really it's the most-purchased stock amongst customers on monday. stuart: that means the little guys in, because of the stock split, right? >> right, but as we said, it doesn't change the value of the company, but it's all psychological and stocks and stock splits like amazon and tesla this year, they get rewarded in the markets, right? first by the way amazon stock split this century in 23 years, which is incredible. stuart: okay, thank you very much, susan, and mr. murphy, chiming in very nicely there. >> great seeing you. stuart: check those dow winners headed by, i can't read it. lauren: boeing. stuart: boeing is at the top, $6 higher. lauren: but that's also why they want to split their stock to get included in the dow and of course dow jones indices have to buy them. stuart: s&p 500, nielsen is at

the top. >> they are getting impacted by shanghai and tesla there, with the closures of the factories in the world, well china's largest financial hub. stuart: that's one of the reasons why oil is down so much because shanghai closed down, less demand, price war goes down. nasdaq winners, headed by -- >> booking holdings and ross stores, zoom video. stuart: i'm going to get glasses so i don't have to ask you to read the screen for me. mr. murphy again, thank you very much indeed, all good, susan. check that big board, we're seven minutes in, and we're up 360 points, better than 1% for the dow. the 10 year treasury yield, down 2.41%. the price of gold down 45 bucks dropping below $1,900 an ounce. bitcoin pretty strong, i'd say, 48, 100, oil falling out it's below 100 bucks a barrel at $99. could be cheaper gas, a little bit cheaper down the road. nat gas not much change, still

at 5.43 per million british thermal units, the price of gasoline national average regular 4.24 no change. in california, regular 5.91 and that is the average. then there's this. can't stay away from this. kim kardashian got plenty of criticism for saying this , roll it. >> i have the best advice for women in business. get up and work. it seems like nobody wants to work these days. you have to surround yourself with people that want to work. stuart: she got backlash for that. not for the bad language but for something elastic modulus apparently. she's responding to the backlash and we'll tell you all about that. as covid cases dwindle now poll ing shows a majority of us are ready to ditch the mask and social distancing so when will the cdc follow the science and listen to us? democrats say the new budget is centrist, but it's still going to spend 31% more than it did in 2019, larry kudlow has

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stuart: here's a news alert. these meme stocks that be gamestop and amc, they have been halted because of volatility. both stocks have doubled in the past two weeks. got that? president biden says his budget proposal will cut the deficit. all right, edward lawrence at the white house. how does he figure he's cutting the deficit, edward? reporter: yeah, it's over 10 years, but you know, critics are saying he gets an a for starting to talk about this federal deficit, and kind of like my college days, critics are saying kind of just sliding by so yes, this budget proposed budget, does reduce the deficit $1 trillion over 10 years, but the committee for responsible federal budget did a deep dive

analysis of this. they give an a for effort, but that's about it. listen why. >> so some of the big problems that we see in this budget, even with a trillion dollar deficit reduction, they would still assume they are borrowing in terms of deficits 14-plus trillion dollars over the next 10 years. again, $14 trillion is the plan for how much to borrow. we can't do that. that makes no sense. reporter: so, cutting 1 trillion out of the federal debt of 30 trillion over 10 years is a reduction of 3%, much less than the current rate of inflation, still the president is starting to talk about that fiscal responsibility. >> well the budget i'm releasing today sends a clear message to the american people what we value. first, fiscal responsibility. second, safety and security and thirdly, investments needed to build a better america. reporter: so while the president talks about being fiscally responsible the committee for responsible federal budget

finds a plan through tax and spend, $2.6 trillion in new or increased taxes have been added into the proposed budget. if the build back better plan passes in the senate, as in the house, with those tax increases, it be the largest tax increase on americans in history , so this proposed budget , 7% increase in domestic spending, 4% increase in defense spending. stu? stuart: i hear that. edward, thank you very much indeed. now, larry kudlow joins us this tuesday morning. we just lost the video and the audio of larry's presentation. oh, we've got him back. let's see him. larry kudlow joins us. can i see him, please? there we go, excellent. democrats say this is a centrist budget even though it raises spending what, 31% over the spending level of 2019. do you see this as a centrist proposal, larry? larry: well, no. look, i think this is an anti- growth budget. i mean, this is a budget that

raises taxes by $2.6 trillion. listen to this tax thing. by the way, just on the deficits , you know, the deficits coming down this year because of some of the emergency programs are running off and we do have an economic recovery that began back in 2020, but actually, stu, it's important. the deficit rises in these. i mean, maya mcginnis had it right. the deficit goes up from 1.4 trillion in 2023 to 1.8 trillion at the end of 10 years, so there's no deficit reduction here. it actually goes up and by the way the public debt goes up from let's say 25 billion to almost, i'm sorry, 25 trillion to almost 40 trillion, so deficits and debt continue to rise, but the tax part is so punitive, i mean, these are all

taxes to redistribute income and wealth. stuart: but why do they need to do this? larry i saw the numbers. i saw in the wall street journal this morning, i saw the numbers. the government's taking in massive tax revenues from individuals, and corporations. there's a huge increase in the amount of money that they have taken in, so why does this president want huge tax increases? larry: well, because he doesn't like successful people. he doesn't like job creators, he doesn't like good investors, he doesn't like people that start up new businesses. i mean, sure, revenues as a share of gdp are running about 19%. that's historically very very high. look, stu, corporate taxes 21% to 28%. there's a tax on wealth, on unrealized capital gains, 20%, that's absolutely crazy. the capital gains tax, stu, that's probably the most important investment tax or

business startup tax. the capital gains tax would go from 24% to 40%, and by their own reckoning, the economy only grows by 2% for the next two years, so this is just a re distribution, central planning , socialist approach. by the way, military spending is up way less than the inflation rate. non-military spending is up above the inflation rate, but the biggest winners are green energy. the epa is up 29%, energy department up 15%, the interior department up 19%. most of this stuff is to impose huge regulations, the social cost of carbon, there will be no new pipelines in my lifetime. i mean, this is totally ampathet ical to what we need. a centrist budget would not go in this direction, this is government socialism, pure and

simple, save america, kill the bill. save america, kill the budget. stuart: i'm with you all the way but real fast, larry, real fast. how much of this are they going to get through, a very divided congress and evenly-split senate larry: i don't think they are going to get any of it. how's that? the build back better stuff is dead, and i think this budget is going to be dead on arrival. there is no way they are going to get 2.6 trillion in higher taxes with larger budget deficits and more debt as the budget proceeds in the out-years. dead on arrival. that's my take. save america, kill the bill. stuart: i do hope you're right, larry kudlow. by the way we'll be watching you on the energy independence summit on fox nation, starting at 12 noon today, stream it on fox nation, larry will be there. thanks very much, larry see you again soon, great analysis. coming up, a ukrainian pop singer joined ukraine's army

when the war broke out. he didn't leave his guitar behind and he's singing in a bomb shelter, that was yesterday today he's with us, and you'll see m, tell us about life under fire. a brewing crisis, may we say that? coffee farmers sounding the alarm over the rising cost of fertilizer. why should you care? because coffee shops already are raising prices. we've got the story, after this. for investors who can navigate this landscape, leveraging gold, a strategic and sustainable asset... the path is gilded with the potential for rich returns.

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stuart: coffee farmers sounding the alarm because fertilizer costs are rising sharply. come on in, lydia hu. lydia, are we going to see coffee prices going up big time here? reporter: yeah, stuart we are. this coffee shop owner is already paying about $1 to $1.50 more per pound of coffee he's sourcing direct from the farmers and he expects that just to go higher as we see the price of fertilizer skyrocketing. take a look at this. the crew index last week charted an all-time high for fertilizer prices. that's driven by the conflicts between russia and ukraine right now. i want to take you back here, because this is actually where the coffee roasters are doing

their work, roasting beans right now, from peru back here in the corner, and they tell me that farmers from peru, from colombia, from brazil, they are all having trouble paying these higher fertilizer prices, and some of them are cutting back on their fertilizer purchases, others are considering alternatives, and the concern is that it's going to reduce the overall coffee crop. watch. >> it's going to continue probably to get more expensive. my approach now has been to try to fly to origins that i feel are going to give me the best ba ng for my buck. reporter: and so now, you know, that this is coming at a time where inflation has already hit the coffee market. prices for a pound of coffee in your grocery store up about 10.5 % over just last year. already, this coffee shop and others that we've spoken to have had to raise their prices here. they increased prices across-the-board by $0.25 and might not sound like a lot but that 9% of the price of a cup of coffee, so you can see it's really going to hit the price

for your morning cup coming up. stuart: you've got that right. thank you very much indeed. that's coffee for you. take a look at the markets, plenty of green. dow is up 270, nasdaq is up 164. coming back a little bit we're up 400 at one stage. gamestop and amc, they have resumed trading after a brief halt because of volatility. now they are down big time. still ahead, louisiana senator bill cassidy, kayleigh mcenany, sandra smith, charles payne, we've got a loaded up show, 10:00 hour is next. coup d'état case shiller index ..

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stuart: it is 10:00 eastern. we are up 280 on the dow, one hundred 70 higher on the nasdaq. that is a rally. this is part of the reason. we drop to $98 a barrel, bounced to $101 a barrel but that is way down on the day and certainly down from the one hundred $30 we were paying and that was 2 or 3 weeks ago. the 10 year treasury yield is

down to 2.04%. that helped the market as well. bitcoin staying strong, just below $48,000 per coin. just past 10:00 eastern on tuesday morning the latest read on an important number. this is the jolt number, the number of open jobs. what is the number? lauren: it is 11. 26 million. and incredibly near record high level for the month of february with the tight labor market. stuart: 11.26, almost as much as it was in november. consumer confidence an important indicator. lauren: this went up a little bit from 107 to 107.2 for the month of march. i say that with a little surprised because we further pushed the level of energy higher. consumers surprisingly consumer confidence picked up in march.

stuart: the markets are released fraction higher. fairly positive. i am hearing from my relatives in britain. they are not happy. electricity bills have doubled in the last two months. they are paying the price for the uk's offer green policies. it prides itself on being the vanguard of the climate fight. now they have to pay for it. your electric bill is going up a lot. in england, new york, california looking at a nasty spike. we are paying a price for the climate crowd's green dreams, the difference between the uk and america's they offer their doing something about it. they know they need more fossil fuels, they are going back to

coal, oil and gas and extending the life of nuclear power plants. there is no such policy reversal here. the biden team as opposed to fracking and pipelines and to make the drilling permit process onerous in the extreme. the greens like bernie sanders want to win for profits tax on oil companies like jimmy carter 40 years ago as if that would make a difference to the supply of energy. two weeks ago the wall street journal suggested a question for president biden. mr. president, will you do everything in your regulatory power to make it easier for american companies to produce more oil and gas. the answer to that question if it were to be asked should be yes, in this emergency we will do everything we can but so far the biden energy team has done nothing. check your electric bill. second hour of varney just

getting started. scott shellatheyy. when will biden's energy team do something to fix this mess? >> probably when they are out of office. they have had ample time to change course and decided not to and i hope i live another 25 or 30 years to find out what is really going on behind the scenes in this administration because they are outwardly trying to hurt the american consumer when it comes to fossil fuels. it is a noble idea, electricity when solar, that is nice. can't move everything over just yet. it will be evolution, haven't convinced the american consumer. why aren't we beating the doors of electric car companies or

solar panel companies are windmill companies, we are not because the sale has not been made to the american consumer and we get this electricity if we drive across country in your tesla, there's not enough places to pick up the power. it is amazing to the, such a small group of people are holding our country hostage and the rest of the world hostage, if you are in an airplane, the masks come down, put your mask on first so you can help others. we should be going back to energy independence so we can help others. that is what the way it is. they are trying, like they are trying, noble cause, they are trying to hurt us in a short-term because they think it will teach us a lesson in the long term and all they've done is turn us off of greener energies and push us back to a much more expensive fossil fuel which is against everything they stand for so what they are trying to do is force us to do

something we don't want to do yet. stuart: your comment on the stock market, solid rally going today and in recent days, dow is up 240 but you think we are in for a bumpy ride in the future. make your case. >> we are in a bumpy ride for two reasons. we've got an energy crisis regardless whether we have a ukraine russia issue and a food crisis. the inputs, fertilizers, all the things we need to grow crops have gone so much higher that we will see smaller countries not able to produce what they used to produce. we will be able to do it here but it will take more money out of farmers pockets and if we don't see higher prices when it comes to chaim for harvest it will be an ugly mess so we are in the midst of a food crisis and definitely in the midst of a fuel crisis. i do not believe the feds will be able to surgically remove that little tumor called

inflation without hurting the rest of the economy and the consumer and the housing market by raising rates on everything. i stand to say they made mistakes until now and for me to think they will get this one right would be illogical, they will get it wrong again, we have a hard landing and it will be bumpy. even today we had movement with ukraine/russia. i would expect the stock market to be higher than it is. stuart: it is not doing badly, 30,000 on the dow industrials. >> that would be 750 to me. of the one glad you on the show anyway. let's go back to the market, some movers, start with robin hood up 11%. lauren: they are letting customers trade longer from 7:00 to 8:00 at night, they

align with established players like fidelity and charles schwab but they were struggling to get more customers to drive growth, they are saying this could be the way to do that because people are busy in their regular jobs. stuart: tell me about david boster's. lauren: they missed their latest earnings report. why is stock up 5%? they say business strengthened in the first 8 weeks of this quarter, they've got great margins, cost savings going on and the recent dip in stock was abiding opportunity. stuart: don't know what they do or who they are. lauren: laying off workers at their jeep plant in illinois, that is cost savings. the stock is up 7%. %. stuart: they are cutting some roots. >> they have been cut from the

rising price of jet fuel. they have been pause for spring and are slated to return in the fall despite the cuts, jetblue operates more flights this year. stuart: i had a problem with a flight to florida, canceled. lauren: a lot of flights having to stop, divert to refuel because the airports don't have enough fuel so just add that to the layer of concerns. >> biden's silent, his business partner faces jail, financial ruin. miranda devine wrote that and joins maybe now. is this about hunting --

>> >> we have the delaware us attorney. potential tax evasion, and violation of the registration act. former best friend in business, and to that inquiry as well as two girlfriends have testified and we believe that other people have testified that used to be in business with hunter biden. there are a lot of receipts we know were on the laptop and documents these partners have kicked. this leads that to bad news,

devon archer, was convicted of an unrelated fraud he maintained, he is facing jail within the next 30 days. unless he gets a last-minute reprieve from the court because he launched an appeal or where president biden is, where he was hoping for. stuart: is there a link directly from what you are talking about to the president? >> there is in terms of the evidence of the laptop but hunter biden, all the money he dragged in from foreign quarters selling his father's influence, he paid his father's bills, mingled finances, joint account, debit cards. and that president biden met with so many of hunter biden's oversees business partners when he maintained that he hadn't,

and but he was famous, and 10% was a push to go to president biden. stuart: we will hear more in the immediate future. and which part of the media covered the hunter biden problem? did anyone apart from fox cover it? lauren: not abc, not cbs, not nbc, they have not mention his name in 259 days since july 2021. and confirming confirming the laptop existed. and in less mention, we got this from the laptop.

>> new video shows a massive group of migrants released into the united states. in a moment. put in can't remain in power, i want to know who's running the white house. kayleigh mcenany will taken on in the next hour. the city has fallen to the russians, 5000 people killed. alex hogan is on the ground in ukraine with a full report next. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today.

stuart: very strong rally at "the opening bell" with news that the peace talks between russia and ukraine are doing okay. now the market pullback a little bit because anthony blinken says there's no sign of seriousness of the russians at this piece talks. the mayor if mariupol says the city is now under russian control. alex hogan is in ukraine. what do we know about mariupol? >> reporter: we just heard sirens in lviv but on the opposite side of the country in mariupol, one of the most contested areas where we see difficult situations for the last month. and and they should flee, much

of the territorial, he says 5000 people have died in the last month including 200 kids. on monday, kyiv, the capital to the north came under intense shelling though the mayor of a town outside the capital says there troops managed to regain their town. the next advance will aim at liberating nearby towns as well, ukrainian forces are turning to the offensive. half of the refugee forces placed in the country our children according to the un. they fled with little or no belongings and often have no home or personal belongings to return to. one woman named natalia said she hopped on a bus and broken out windows fleeing as quickly as she could to escape. >> everything is destroyed, destroyed. they are destroying everything.

nothing is left. i don't know what they want but if you can't have a normal life in your own territory why are you coming to someone else's. >> ukrainian president zelenskyy says he is open to the idea of neutrality, and russia says there, will not be another day of, what came out of this conversation essentially is the announcement that russia would pullback troops from kyiv focusing on the eastern part of the country which is the most contested, specifically that donbas area where russian troops are taking control. stuart: may i ask, we can see in the background traffic on the streets of lviv, it seems almost normal in lviv at the moment. >> reporter: it does.

it is a completely situation in this part of the country compared to mariupol on the east. the western side has been largely untouched by comparison. that's not to say there have not been attacks that have taken place. on saturday we saw separate attacks at an oil depot, a factory used by the military. last night there was also an attack on an oil depot 75 miles from here northern from where we were standing but the mayor announcing all of the oil essentially was blown up. regardless of the fact that russia says it is moving the operations east, we are seeing attacks across the country. and people russian side, the not the same sense of alarm. stuart: thanks very much. joining me now, former state

department sportsman morgan ortagus. is russia losing the ground war? >> reporter: >> when we look at the images, and if you are ukrainians, it seems like a win, the fact they have not been able to get rid of zelenskyy or take kyiv, we said with a number, we are 5 weeks later. when the reports came out that the russians said they would remove the focus on other part of the country, before blinken spoke i met with immediate skepticism about this may be an

opportunity, and what is happening economically, we see the ruble has strengthened. and because of the sanctions have measures and the europeans are buying the oil and gas. there are many economic lifelines, and unfortunately the past week or 2, city by city, with no takeover, what is coming in the next 2 or 3 weeks. >> was the president wrong to talk about regime change when a lot of people actually want that? was he wrong to talk about it you q

>> reporter: yes because you have administration, the rhetoric doesn't match their policy. and to negotiate on the behalf. it would give $10 billion to sanction immunity to russia and iran for russian companies to build nuclear reactors in iran. how would you force regime change when giving the russians $10 billion. with one makes no sense at all. thank you very much for being here. it was a pleasure. see you again soon. let's get to the story of the ruble. morgan said the ruble the strengthening. g7 leaders are now responding to russia's demand that they pay for oil and gas with rubles.

lauren: the ruble, the contract is to pay for energy from russia. those contracts are valid, they can't redraw them because they want to. russia says we can because there is us new set of market conditions we have to play in and they present clear rules gas payment by thursday of this week. if you ask me it seems something will shift and it will shift fast. us and german officials meeting this week with the energy industry, a few comments from german's foreign minister says germany wants to completely phase out fossil fuels dependence on russia. the question is how does the us help germany get there? faster? and move away from russia and the ruble and all the contract they are redrawing. we when we could produce more natural gas and ship it over to them. >> we could but we won't. they get 15 billion cubic feet.

stuart: we will deal with that later in the show. ukrainian internet provider was hit by a major cyber attack, there is concern that putin could be switching up his strategy. we have that story. skyrocketing utility bills giving many of our sticker shock but don't expect relief anytime soon. energy companies telling customers bills could go even higher. and probably will. that story after this. everyone remembers the moment they heard, “you have cancer.” how their world stopped... ...and when they found a way to face it. for some,... ...this is where their keytruda story begins. keytruda—a breakthrough immunotherapy that may treat certain cancers.

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stuart: markets coming back a bit. we were up 400, anthony blinken, anthony blinkenen said there's no sign of seriousness, down comes the market. we are up 200 for the dow, 120 for the nasdaq. lauren has been looking at the movers. amc, game stop. lauren: they are open and down. game stop is down 7 and a third of one%. in the past 10 days a record matching winning streak, stock is up 143%. that is volatility.

stuart: it is a gambling chip. lauren: you could make money. 143% in 10 days. stuart: gamblers always lose because they are addicted to gambling. that is just me. we will see. lauren: they were cut to hold capital. this into a capital says. the macroeconomic environment has materially worsened. we talk about inflation, digital advertising on a digital marketing inflation across the board, 20% to 40%, that's the price that they have to pay to get distracted consumers online. stuart: they are only up 4%. lauren: they were cut to hold and the price target was cut to $140 which is where it was trading. stuart: i stand corrected. lauren: i wanted to tell you the stock was racing for the year. it has -- since the eleventh day of gains in a row. we will take it. apple isabel water for the

economy. we talk about the oscars, a movie with deaf actors, first film from a streaming service to win best picture at the academy awards. we when it is not back to the high of 182-183. very close. energy companies across the country warning their customers you will see higher utility bills. the bills will go up the rest of the year. madison all worth here. you spoke to residents about the high prices, give me an ear full. >> customers we've been talking to say we've seen a bill drop so much it is not sustainable. i will bring you through those rates. they are shocking. we spoke to one new yorker who shared her three most recent bills, look at that. from december to january of 2,022 her bill was $72. the very next month, that bill jumped to $350. now here is her most recent

bill which is $241 lower but still over a 300% jump from january. it is a bit of the ukraine crisis, there's concern that it could jump again because of the energy crunch from ukraine. across the country the cost of living for americans is rising with goods and services searching rent and now clearly utility bills are stretching budget to are breaking point. they are not alone feeling that pressure but more americans are taking the brunt of writing prices according to the latest fox news polling, two thirds report their families cut back on spending to afford necessities including 75% of those with annual household incomes under $50,000 as well as 60% of those with households. con edison is far from the only company to do that, increasing rates. every source rates rates in

january and is 3. $6 million. they can see as much as as a 25% increase through june but i got to bring this back to washington. the associate director of climate in the office of management and budget, combating, investing in cleaner energy. americans, look at those 3 bills, the issue is happening right now. they only get more expensive with the summer coming and you don't have the option to turn off the ac. we when we are paying the price of green dreams, that is my position and i'm sticking to it. thank you. look who is with me now. senator bill cassidy, republican from the state of louisiana. you want a warp speed domestic energy production program. most people would agree with you. but seriously. the administration is never going to let it happen.

how would you get it done. >> going back to what you said we are paying for green dreams but the regulatory environment is not just oil and gas develop and, they are stopping renewables. let's just focus, i do think renewables are paying a price so we pay higher prices. if we did with the previous administration did with vaccines which is bring everybody in the room and say you got to, can't approve one, work it out and get it done. shortened his development times, from years to month and futures prices would fall, prices would begin to ease for us the consumer. i am told by reliable source there are permits to develop oil and gas in the outer

continental shelf off louisiana that when permits are granted today and have been pending for month if they are granted today oil and gas would be produced within 12 months helping europe, helping the united states. when example of the regulatory state, in this case anticipated delay for another 1 to 2 years and only given a fraction of the permits. we got to do better, we've got to help the consumer, we've got to help our allies. we one that is a very good compromise. i wonder if the greens will go for it. >> if you had a compromise in which you had a commitment to de-carbonized our economy simultaneously with regulatory certainty, listen, supermajors making jet fuel, we want you to lower the carbon input, a gallon of jet fuel and certain number of carbon atoms but you can produce it in a d carbonized way, with regulatory services. in louisiana who work on the

rigs know they are going to a job in 6 months because there's regulatory certainty. it helps the economy but also helps the greens. stuart: i hope you get somewhere with this because it sounds like the kind of thing, you are a problem solver and you are trying to solve the problem. louisiana, a center for liquefied natural gas exports, can you bring me up to speed? can you get all the liquefied gas you need to put on those ships and export it? >> by the time they are built, the permit recently given to venture global, someone i know going back to permitting who could be ready with an offshore lng export terminal in 12 months building the components if he had his permit today but is anticipating permits will take a while, 2 to 3 years. we need operation warp speed for the export of gas to our allies to make them free of russian energy. we can do it, we need a commitment of will from the

administration. stuart: good luck, mister senator. i'm not being sarcastic. good luck. senator cassidy, thank you for joining us. back to kim kardashian she was heavily could a sized after she gave this advice. >> the best advice for women in business, get up and work. it seems like nobody wants to work these days. you have to surround your self with people who want to work. stuart: a lot of backlash to that. we will tell you what she is saying about the backlash. 9 of the 11 states which regained all their jobs lost during the pandemic, 9 of the 11 are run by republicans. hillary vaughan has more on the red state recovery next.

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stuart: we lost the rally. it is up 194. it is still a rally. the covid vaccine dose for age 50 and older. visor stock, look at ace hp in the -- they plan to cash in on the hybrid work boom. the stock is up one% and what are they doing. lauren: they are buying poly for $1.7 billion. why is stock down? it makes other workplace munication hardware. the reasonings they were downgraded in jpmorgan to neutral. hp wants to buy them. they are scratching the surface

of helping their employees, and they see growth but analysts are saying, when hp stock pays a high price, they are donning poly at this. >> they are lost during the pandemic run by republican governors. >> the gop will make a lot of the success november. >> house the strategy we are hearing, democrats are keeping their eye on this too, we had fox news polls show that 66% of voters giving president biden a bad grade on how his handling of inflation but now and nbc

poll out yesterday shows they are dealing with lack of enthusiasm among their base. republicans, by 17 points are more interested, high level of interest in the midterms compared to democrats but i had a chance to talk to senator elizabeth warren about the idea that president biden has which is to raise taxes on such a massive scale it would be the most historic tax hike in history and she said this is an issue coming into november that they are going to drive home, the idea that democrats want to target big business and billionaires and republicans want to target the people that aren't paying any federal income taxes that we reported about yesterday and the idea that republicans are targeting people in lower income to cough up more cash to the government but look at the rankings, states that are having the best economic recovery, idaho, utah,

montana, texas, north carolina, arizona, georgia, tennessee and arkansas in the top 10 for regaining their pandemic job losses. when you look at the bottom of the list, who is doing the worst out of the pandemic you have blue states and blue districts like the district of columbia, the highest level of unemployment at the bottom and the next one on the list is california which is the second highest unemployment rate in the nation right now. stuart: why am i not surprised? kim kardashian, received a lot of back lash when she said get up and work, a lot said that was offensive to working women. back lash. what is kardashian saying? >> she understands her comments came across as tone deaf and insulting and walked them back on good morning america. >> that soundbite, i came off

of the notion, the question right before which was after 20 years of being in the business you are famous for being famous and my whole tone and attitude changed. having a social media presence and being on a reality show does not mean overnight success. you have to work hard to get there and it isn't a blanket statement towards women. stuart: i don't get it. that is word salad. lauren: she didn't like the way the first interview edited her comments. she came across very strong, taking offense to the fact that people say to her you are only famous because you are famous, no, i work hard to maintain being famous. she was insulted. we when she could have dropped the obscenity. that might have worked better. >> she insult other women and now she's apologizing. everyone has to apologize these days. a big joke at the oscars, her

initial message, work harder, that was one of the jokes made at the oscars. stuart: can i move on? republicans want to stop the smash and grab robberies in california. kim young has an idea how to stop it. she's going to join us in the next hour. the ukrainian tv host and singer picked up a gun. he joins his country's armed forces when russia first invaded. he will give us an update what it is like on the ground next. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire

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stuart: the ukraine military's internet provider hit, is this may be a new line of attack, to the invasion. it is telecom, it is used by the military.

and to regular customers. that is remaining online for the military and fighting this war. it is in the process of being restored. stuart: our next guest is ukrainian tv host and singer who joined the country's armed forces when it got started. collier, i understand you've got your gun and your uniform. i understand you are fairly close to odesa. i know odesa for its beautiful architecture and wonderful buildings. >> it is here. the bomb attack was here. i guess i'm not inside the city. stuart: have you fire your gun yet?

have you fire your gun yet? >> yes. it is my sword. stuart: okay. your president, zelenskyy, said he would accept neutrality. where do you stand on neutrality for ukraine as a bargaining position in the peace talks? >> i hope, in communication with russia. i don't believe. what they are doing ukraine, they didn't show themselves like people.

it is very -- i want to find the word, and in nikolai of, they just, and 7 people died, they have 5 injuries, i don't know how to say. it was during the conversation, i don't believe them. if everything were okay, i am more than happy but we are ready. stuart: we — you are ready and holding on and standing firm. we appreciate that. thanks for joining us. we appreciate it. still to come.

california congressman kim young, kayleigh mcenany, sandra smith and dan hoffman next. when will smith received his best actor award the crowd gave him a standing ovation. he just assaulted a fellow actor. the hollywood crowd rails against gun violence but appear to applaud smith and his fist. that is "my take" and it is next. and it's easy to get a quote at libertymutual.com so you only pay for what you need. isn't that right limu? limu? sorry, one sec. doug blows a whistle. [a vulture squawks.]

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>> that is where you get growth. by this middle q1 we could be back to the green in the market. >> this is an anti-growth budget. a central planning socialist approach, save america, kill the bill, save america, kill the bill. >> we have a president who is not up to this job. whenever president biden or kamala harris get involved it gets very messy. i think the democratic party

needs to talk about who is up to do this job. >> never give up. there miracle ukraine demonstrates to the world. today it is almost five weeks when fighting for our nation. stuart: 11:00 eastern time, it is tuesday, march 29th. we have a rally albeit pared down a little, dow is up 260 and the nasdaq is up 166. investors like the peace talks going on in turkey and they also like this, the price of oil way down, $102 a barrel right now, way up, the one hundred $30 price we had a week ago. the treasury yield is down to 2.44%. that helps the market. now this. okay. i have had time to settle down but i have not calmed down.

will smith's violence at the oscars was a disgrace. and haven't you seen or heard about it here's what happened. chris rock cracked a joke about will smith's wife. at first smith laughed but then he went on the stage and slapped the host on live tv in the middle of the oscars. it went downhill from there. smith went back to his seat and screamed's entities. when he received his best actor award the crowd gave him a standing ovation. he had assaulted a fellow actor and the crowd cheered. i would like to make a few points. first, smith set a terrible example for our young men. you don't start a public fight because you don't like a joke. second, you don't stand up and cheer a man who just disgraced himself with public violence. the hollywood crowd rails against gun violence, do they approve of violence so long as it is delivered by fist? were to give us. third, i'm tired of being lectured. hollywood takes what it thinks

is the moral high ground, they are so woke and they stick their politics down your throat and cancel you if you step out of line. in fact they are cowards, they won't make a move about terrorism, critical of china or invite zelenskyy to the oscars and mentioned putin's name once. trump is always fair game. in the 1990s the oscars drew an audience of 50 million people. sunday noun it was down to 15 million. hollywood lasted clouds and the disgraceful slapper around the world will, i hope, speed up its decline. third hour of varney just getting warmed up. i need help and kayleigh mcenany is here to develop it. i am sick of being lectured by hollywood. how about you?

>> there's lots to be made of this will smith slap, some of them speaking against it but long before will smith was a series of violent threats toward donald trump, kathy griffin, the graphic image she put forward, johnny depp, when was the last time an actor assassinated a president, there's a long history of these calls for violence but this is who hollywood is, they get away with things your viewers should never get away with. stuart: this is not the last time we will mention the slap heard around the world but for now we will move on. fox news reporter peter doocy confronted president biden after the white house tried to walk back the comments about removing vladimir putin from power. >> are you worried that other leaders in the world will start to doubt that america is back if some of the big things you say on the world stage keep getting walked back?

based on the last couple days it sounded like you told us troops they were going to ukraine, sounded like you said was possible the us would use a chemical weapon and it sounded like you were calling for regime change in russia and we know -- >> president biden: none of the three occurred. stuart: none of the three occurred? >> that is a stunning remark, and abject lie or he's totally out of the loop of his own administration and forgot what he said 48 hours ago. all of those things happened. peters -- peter doocy was siding the words of the president of the united states and he denied they were ever said. stuart: who is running the white house? if an aide contradicts what the president said the aide reverses everything, who was in charge of policy? is it the aide who reversed it?

>> he watches the disaster of a presidency beside the president and says to the press go fix this and they do it anonymously which is scary when you think of it, he basically changes us policy and fill redmond, 47 minutes for a white house staffer to anonymously tell the world he didn't really mean that but for 47 minutes valve vladimir putin heard him say regime change, anonymous staffer corrected, not the president with his own words. stuart: it is jen psaki? >> totally runs present communications, evidence of that, she got covid, we wish her well, so did her top deputy but lower deputies are unraveling, didn't take questions, the commute occasions director is briefing for the first time because lower-level deputies can't. stuart: i will be watching you

want to show i call ambushed. it is called outnumbered and is at 12:00 noon on the fox news channel. president biden taking a swipe at donald trump for what he calls his mismanagement of the economy. watch this. >> president biden: making real headway cleaning of the fiscal mess i inherited. after my predecessor's fiscal mismanagement we are reducing the trump deficits and returning our fiscal house to order. stuart: i need charles payne, i've got him. did trump mismanage the economy? charles: on the contrary, it is amazing, almost everyone who watches the market and the economy will tell you going into 2021 america had never

been in better fiscal position. household debt, was never better, corporate profits and corporate cash never higher, it was absolutely amazing and amazing pre-covid. we were doing things pre-covid that all major economists said were impossible. wages for blue-collar workers through the roof, income inequality argument was starting to fade away. still enjoying all of that even low taxes that president biden wants to change, he's benefiting from those. everything worked out except didn't have the inflation problem, the best of everything, higher wages, lower unemployment, businesses healthy, households healthy as we were on an amazing runway, we did not need the extra that president biden pushed into the economy which triggered this runaway inflation everyone is suffering from. stuart: tell me about the

energy independence summit you are about to take part in. it will air on fox nation in an hour, 12:00 noon eastern time. what will you be talking about? charles: we've got to talk about everything. energy independence part is obviously the most important thing, this is a crisis we don't have to be in. number one crisis in america by far, nothing comes close because people going to the supermarket bring less groceries than they used to. they can't lease their homes, this is one of those things you start to cringe at the notion this is being done deliver the, this is being done deliberately to the american public to make them embrace the climate change argument, to make them electric vehicles, to make them get off natural gas and gasoline. it is being done deliberately. stuart: the exact opposite

result. what happened is we now see that we are paying the price for green policies, it is their fault, i think there's a turnaround in energy policy. there has to be. stuart: we heard from the environmental protection agency, something akin to all of the above. on friday janet yellen reiterated on national television they are not abandoning the climate change agenda. and funding major oil operations. sometimes things happen by accident. this is deliberate punishment being foisted upon the american public to go after the climate change agenda and we are here to change that. stuart: deliberate. i'm intrigued at that word and i will be watching when we

start streaming your energy independence summit. best of luck to you. see you later. lahren is with us looking at movers, that is a mover up 20%. lauren: moving in the direction of 24/7 trading by expanding before the open and after the close to drive more trading activity, stocks with the% gain, remember the all-time high a year ago? $85 and i want to check out the volume on the stock more than doubled, investors are convinced. stuart: earlier we saw zoom moving, it's moving 4. 5%. lauren: they are trying to stay relevant testing new features as workers head back to the office, when it is smart capabilities so you can adjust the ac in a conference room, the other is using avatars. my kids do that on the phone to make themselves animals and i don't know if that is

convincing as they eventually get to the men averse but it is consistent with investors, stocks up 4%. %. blue when you brought us news of a sharp rise in housing prices over the past year and i'm looking at toll brothers, are they are doing well? lauren: it is supposed to be lennar. you can see dr horton, k be home up 2.3%. we've got the s&p case shiller number so another 19% increase in home prices. january 2022, i was reading a note that says this is the peak of price gains which is great for the first time home buyer which is hard to get into the market because rates a year ago or 3. 5%, now %, now 4.5% so these higher rates will slow down the

increase in home prices we've seen consistently since the pandemic started. a lot of people paying money for a home. if it is redone, try redoing your house, the supply chain and the cost of that, all of that is factoring into the decision to pay a lot more. of the when you're laboring to remodel your kitchen and having a hard time. austin, the fourth fastest growing city in the country but they can't keep up. new details about the poisoning of the russian oligarchs and peace negotiators, a temporary blindness and skin peeling off their faces. was that vladimir putin's keeping? peace talks have restarted in istanbul. these are the first face-to-face negotiations in three weeks.

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stuart: russia's top negotiators is the de-escalation around kyiv does not mean a cease-fire is underway. what a de-escalation, it does not mean there will be a cease-fire, but pulling back some of the troop towards the donbas region but there's a lot of skepticism of what could come out of these

conversations last time it took place was three weeks ago and we heard russian delegates today that there will not be another meeting tomorrow, they are done with talks for now. the russian delegates saying they will shift their focus specifically more to the donbas region. since we saw this invasion the west called this an unprovoked attack by russia. russia has defended its action saying it is trying to denazify ukraine. we are seeing attack after attack from the country. the southern part of the country along the ocean, an explosion blasted a 9 story building. the governor says most people managed to get out but 7 people have been killed and crews are searching through the rubble to find any possible survivors. people have been fleeing the part of the country recounting horrors along the way.

across the country toward the east in mariupol, the mayor says the city is in the hands of the occupiers, more than 5000 have died in mariupol in the last month since russia invaded, the mayor is urging everyone to escape. and 160,000 people remain in the mayor says people are trapped. back over here on the western side of the country a russian strike targeted another oil depot, which is the last several days, we had when here in lviv that was targeted saturday, the second attack last night a 75 miles from where i am standing. ukrainian president volodymyr zelenskyy says russian missiles are sent to ukraine every single day. we just heard the sirens 15 minutes ago.

stuart: alex hogan, thanks very much, appreciate it. dan hoffman is a cia station chief, joined me now. and aerial targets, drones and planes. they are back and getting through. >> the latest we heard from pentagon spokesman admiral john kirby is we haven't had any disruption thus far. the russians recognize that, and that is why we are striking that but at least as of this moment the weapons are getting in. we are not sending enough weapons. ukraine needs more javelins and stingers, switchblade drones, nice to give them the megs and air defense system as well.

stuart: russian billionaire roman abramovich were poisoned during peace negotiations earlier this month. do you think that was vladimir putin's doing? >> reporter: i don't know that we have any clear evidence that it was the kremlin responsible. if past is prologue it's not beyond the realm of possibility. larry bruton used the band chemical nerve agents twice in the uk, once on his opposition leader and turned -- poisoned with polonium 210 risking the lives of any innocent civilians who came anywhere near him. that's part of the russian playbook. the key for negotiations is the reality on the battlefield which is determining russia's troop movements and the case at

fate of negotiations. stuart: what is the reality of the battlefield? the russians are being pushed back? >> the reality on the battlefield is ukraine has found a way to go toto with a superior force but russia never had enough forces to take ukraine but they expose the core logistics and planning and poor chain of command leadership and good on the ukrainians who don't have enough food or water or deny electricity but they have a lot of heart, standing on the front lines fighting for freedom, liberty and democracy and that is something to be admired but we do more to support them. stuart: dan hoffman, great stuff. one airline plans to reroute the new york to hong kong flight, to avoid russian airspace but by doing that, the

longest commercial airline flight. >> we have the map, to the blue line but the new route, it goes around it. 2326 miles. and >> the longest flight from jfk to singapore. >> and i'm impressed you knew that. and and and texas later on. >> and austin has seen the fastest growing city.

is this growing pains or mismanagement. and they have 2 or 3 days of fuel in the energy capital of the world. passengers are told to arrive two hours early and the arriving flights are told to carry more fuel when they get to the airport because the airport doesn't have enough. and they get to the airport. if you are waiting at the airport in austin, your flight have more complications. stuart: who would have thought in texas it is austin? lauren: it is still texas. it is different, they have a lot of that. stuart: we've got it. a new poll reveals donald trump leads president biden in a hypothetical 2024 matchup.

will smith apologizing to chris rock for the slapper around the world. that might be enough for him to keep his best actor award. the academy just launched an investigation. sandra smith coming on board shortly to talk about it all. ♪♪ ♪♪ ♪♪

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stuart: check the markets. dow is up 230, nasdaq is up 177. the market like those peace talks. high-tech, high-growth. lauren: is surprising given the move of the treasury yield up 250 this morning. usually treasury yield moving higher, the highest in three years. that means the speculative stocks are more expensive guaranteed money elsewhere on us government bonds but they are applying today because of the escalation taking pl. in ukraine. stuart: airlines are always up and always down. lauren: it is probably rallying because of west texas, one hundred dollars per barrel means cheaper oil and you have

to remember jet fuel is the largest cost for airlines. airlines pocket more money, with more costs come down. we went don't tell me the mean stocks are back. i know they are. susan: the short squeezes on, already halted once for volatility. attend day record for amc endgame stock doubling in value during the 10 day run. we know roughly 1/4 of game stock and amc shares, if your doubling during that time, you've got to rush into by that quickly so you don't lose more money. stuart: gambling chip is what they are. that is all i've got. now i will get back to a subject we have covered extensively in the last few days. will smith is apologizing to chris rock after the slap heard around the world.

smith said my behavior at last night's academy awards was on except a blend inexcusable. i would like to publicly apologize. i was out of line and i was wrong. sandra smith joins me. what goes on behind the scenes -- i thought that spectacle at the oscars was a disgrace. on many fronts. >> haven't heard your take. stuart: is a disgrace for an actor to go onto the stage and slug somebody because he doesn't like a joke. disgrace when the crowd stands up and cheers a man who just engaged in public violence. >> i've gone back and watch it and everybody has an opinion on what they saw and when the camera panned him he did laugh. he looked at his wife, showing complete disappointment in the joke and reacted. stuart: what kind of example does that set?

>> where was security? i watched it last night. stuart: don't expect that -- >> wall street journal editorial board, will smith win the oscar for battery. that's a big statement. why do famous people behaving badly, keep that in mind, will this bring ratings next year? not saying it was planned. stuart: should he lose his best actor award? i don't care. the damage is done. >> a couple updates to the story, you care that alec baldwin is chiming in of all people? can't make this up, chiming in to defend chris rock after getting slapped. data pinkett smith prepping for my show as well, has just put

out a new statement. this is a season for healing, she said and i'm here for you. take that how you will. morgan made a great point yesterday, there are two ways to look at this. of chris rock knew she chef suffered from this disease, that is a distasteful comment. if he did not know, jokes are fair game to take on personal appearance. maybe this was even a complement. g.i. jane, not g.i. joe. people ought to be talking about this for some time and will smith will carry with him in his career for some time. don't you think? stuart: i think hollywood is a disgrace. i'm tired of being lectured. i'm tired of seeing this man walk upon the stage and slug an actor and then the crowd cheers him. unbelievable. unbelievable.

do you want to add to this? >> i thought you were going to talk to me about polls. i'm telling him what to do. of the when you are quite right. i'm getting exasperated with hollywood in general. a new poll shows trump leading biden by 6 points in a hypothetical 2024 matchup. think he's going to run? >> i will leave that up to you. you talk with him often, saw your interview last week, made a lot of news. stuart: he is running. >> fine. take that paul and put that poll up against anything on the economy. i keep talking to my team about this. when it comes to domestic issues what is the number one concern of the average american? it is the economy. 100% inflation, looking at taxes and the speech from the president yesterday, a promise that is not true. he's not raising taxes on

anybody making under $400,000 a year. if you are a two person working family, two parents working in household, and you are barely scraping to get by in some areas of this country especially if you have children, dependents you're going to be year taxes go up with certainty. stuart: don't believe someone making $200,000 a year is working family. >> hillary vaughan asked of elizabeth warren if you are going to raise the corporate tax rate to 28% and going to charge these companies are they going to pass that to the consumer or will it be reflected in consumer prices? she actually considered i will look into it. it was not a denial. i will look into that on my show as well. stuart: senator warren can't buy the concept of profit. the idea that any company should make a profit and not spread it around to all the workers is anathema. >> don't like the demonization of business.

stuart: that is -- >> we thrive in a business friendly environment. stuart: that is what socialists do, they hate capital, they do anything to take your money off you. they spread it around -- it is not, that is what europe is about. heaven forbid that america gets more like your. i seem to be expressing all the vigorous opinions. >> i love bringing this out of you. >> i will watch you between one:00 and 3:00 today on america reports. great stuff. great stuff, you are a great catalyst. >> pleased to do it. stuart: do you remember the smash and grab robbery in beverly hills, police took $5 million of robbery, retail crime running rampant in the formerly golden state. congressman youngkim tried to do something about it on the show next.

hundreds of migrants arrived in eagle pass, texas, they will be released because border facilities are over capacity.

stuart: i'm going to show you the streets of shanghai, china, empty virtually. the city and today 2 of the covid lockdown. some of them panic buying groceries and the store shelves are virtually empty and lining up around the city, long lines around the city and mandatory covid testing. shanghai reported 3500 positive tests and on monday shutting down the whole thing. general motors is due trying to bypass this lockdown.

lauren: they want workers to sleep on the factory floor, stay in a bubble if you will. i call this the shanghai scramble. if your company in that area, joining with this massive supply chain mess, what do you do? shutdown like tesla did or do you ask your workers to do this on the floor, and seeing supply chain exacerbated because of it? the supply chain is already a mess. i feel bad for the automakers, between a rock and a hard place. stuart: i'm worried about us china trade with shanghai shut down. the shipping company, mirsky is the pronunciation, there weighing i the shutdown. lauren: this interesting. they are keeping ports open, the trucking companies deliver to the ports that have an issue. they are warning that costs that already skyrocketed go up

even more. it is something they can do about it. what do you do? we are in year 2 of this, and nearly impossible to abide by. stuart: the port in shanghai is open. getting to the port is the problem. the administration will offer 3 covid vaccines to migrants at the southern border, dhs will provide 2700 vaccines a day, by the end of may. what happens if they refuse to be vaccinated you could do we kick them out of the country? i don't think so. new video shows more large groups of migrants being released into texas. in eagle pass, what is the latest? >> reporter: good afternoon. in the del rio sector, they have been getting inundated with migrants.

this disc past weekend, the border patrol facilities are over capacity and the federal government started mass releasing migrants into communities to help ease that pressure. look at this drone video shot yesterday in eagle pass, dozens of illegal immigrants coming across the rio grande and entering illegally, some of them waiting to cross the river, some using a boat or a rafter but this happens day in and day out to be encountered. looking at this photo, this was a massive single group encountered by border agents sunday, a group of one hundred 87 migrants all from nicaragua or cuba, border patrol says they've been encountering these massive single groups every day out here essentially in the eagle pass area putting serious strain on their resources and capacity. in because of that the federal government, look at this video right here, this is video from

tony gonzales's office showing 300 illegal immigrants being mass released by the federal government at an ngo in eagle pass, taking several hundred migrants every day after they are released by the fed. they are running out of capacity and have been dumping these migrants in local communities, small towns like dell rio, eagle pass, we caught up with the mayor yesterday and he's not happy about what is going on. >> we are not equipped to handle these people. i get paid $50 a month to be mayor. last thing i want to handle his immigration. >> reporter: a short time ago the chief of us border patrol raul ortiz said in the next 2 or 3 days he anticipates we are going to hit 1 million border

encounters at the southern border just since october 1st. putting that in perspective that is 1 million people in six months and does not count 220,000 known got aways. stuart: that is extraordinary stuff. thank you very much. back to the markets, the rally holds. a little bit of the dow 30, 3 quarters, 2 thirds, 3 quarters in the green, this is a rally and so far is holding. back above 35,000. the average price of a gallon of gas over $6 in orange county, california. congressman yong kim will join us next. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed.

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go to golo.com to get yours. i know there's conflicting information about dupuytren's contracture. i thought i couldn't get treatment yet? well, people may think that their contracture has to be severe to be treated, but it doesn't. if you can't lay your hand flat on the table, talk to a hand specialist. but what if i don't want surgery? well, then you should find a hand specialist certified to offer nonsurgical treatments. what's the next step? visit findahandspecialist.com today to get started. stuart: right now there are 531 active oil rigs in the country. in 2011 it was 1600. kelly o'grady, what is stopping

oil companies from activating more rigs where you are? >> uncertainty. you have this regulatory environment. oil company stated they intend to be more financially responsible but time is a factor. there is a big lag between drilling and production. historically the number of active raise increases so companies want to capitalize on those profits by investing. supply hits the price that starts to lower but the number of active oil rigs isn't keeping pace with rising prices. last time oil reached one hundred dollars a barrel a thousand rigs were operational, the never kept rising until it peaked at $16.09 when prices were below at $84.40, 531 rigs are you sent many analysts blame that on energy policy. blaming soaring gas prices on

oil company greed, president biden is against illuminating tax breaks for oil and gas production that would drive up cost and decrease production further. we have production ramping up but it is a slow process. many analysts sadie's high prices could extend not only to the end of this year but next summer. stuart: we hear you, thanks very much. the average price for a gallon of gas is $6. congresswoman yong kim joins me now. your governor, mr. newsom, is proposing gas rebate. is that what your constituents want? >> that is not what our constituents want. they need a tax break. my colleagues in sacramento have proposed, they just -- turned down the republican proposal to provide tax relief. instead replacing it with more

taxes in california but you show the gas prices in california especially orangee national norm. president biden, blaming putin and the russian invasion as the reason for the higher gas prices is absurd because we have been paying higher gas prices. we've stopped oil imports from russia, that is a good thing. the biden administration is turning to authoritarian regimes like venezuela and iran for fueling eric communities, that is absurd. when we know in the united states we have more oil reserves on tap that is recoverable and we need to unleash us energy. stuart: we are all paying the price for someone else's green dreams, that is my opinion. you are part of a group of lawmakers trying to urge the

department of justice to combat the rise in retail crimes. what is the main proposal? how do you stop this nonsense? >> what has contributed, smash and grab and retail in california, contribute that to california policies like california 7, la county, gascon has 0 bail, and very anti-law enforcement, contributing to arise in crime and bring together stakeholders especially law enforcement police, sheriffs department and the community, this is what i hear every day from businesses and residentss, that affect

their businesses so we take together the action and a roundtable discussion bringing all the stakeholders and find more solution and get rid of policies like prop 47 and anti-law enforcement policies. stuart: and get gascon out. and a lot of steam. stuart: we have more next. . .

stuart: all right. try this, what's the fastest

recorded speed of a hummingbird beats its wings? take a guess. >> 360 beats. stuart: i can't see it. okay. i will go with 40. what is the answer? >> what? stuart: 80? my goodness me. i have hummingbirds around the place in florida. beautiful creatures. 80 per second, how about that? my time was up. that was very interesting about hummingbirds. i hope you liked it, neil? neil: i did. but you know they're all fast. all of those options are really fast, right? what if you're the slow one going 20, ruffles a second, they say get out of here you lazy? stuart: slow ones don't eat. neil: slow ones, that's true. you're tough out of luck. thank you, stuart. i always learn something there, not stuff i necessarily want to do but i am glad i learned it.