tv Varney Company FOX Business March 31, 2022 9:00am-12:00pm EDT
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under fire, and it looks like the whole will smith thing that's going to be a meme that's going to stick around for a while because when you do something stupid, you become a meme. that's the name of the game but i just want everyone at home to prepare for all the conspiracy theories on the cat. it maybe because they are supposed to slap someone that disrespects them. maria: dagen mcdowell and mark t epper, have a good thursday, great to see you "varney" & company begins right now stu take it away. stuart: i'm going to move this thing right along, maria believe me good morning to you and good morning, everyone. they are going to do it, lift title 42 that's trump's program that allowed agents to turn migrants back from the border, now, they will be let in. sources tell fox business this could mean an extra 500,000 migrants this year and double that next year. another administration crisis of its own making. now, we know how the president will address the spike in oil prices. he will release 180 million-
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barrels of oil from the strategic petroleum reserve, no word on increasing our own production. the russians lied. just as they were supposed to be scaling back they were ramping up their attacks on civilians. new pictures show the devastation in chernihiv. the u.s. says the russians have moved some troops out of ukraine , but they have gone to friendly belarus simply to re supply. the pentagon says they have sent 100 switchblade drones to ukraine. why did it take so long? and finally, sergey lavrov is in china discussing a new world order, sum up the war, its become a grinding stalemate. all right the markets. is it me or my imagination? stocks seem to be settling down, nice bounce from the early march lows. the dow is going to be what, down 15 points today, s&p up maybe one and the nasdaq is down 37. that's not much price movement. now, to the price of oil, still around 100 bucks a barrel 101 to
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be precise, down a little today, at the news of the release of oil from america's stockpile. gas just in .ning lower, down all of the national average of 4.22 but diesel, very important still at 5.12. bitcoin a little change that was around 47 grand, 47, 700 as we speak. all right, now that the 2020 election is over, the media feels it's safe to get into the hunter biden fiasco why did it take them so long? my opinion? they hated trump so much they couldn't bear to tell the truth about joe biden's influence pedaling son. now that the pandemic is winding down we're finding that the teachers unions were allowed to edit the cdc's rules for school opening. the unions kept them closed. the cdc did not follow science, they followed politics first and our children's education second. how about that? thursday, march 31, 2022 last day of the quarter "varney" &
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company about to begin. all right, everyone. i know we do politics and money on this program, but i'm starting with the slap and the aftermath. yeah, this is you. chris rock publicly addressed the slap heard around the world, good morning lauren. lauren: good morning. i'm going to give you the quote. are you ready? "so at some point i'll talk about that and it will be serious and funny." stuart: we started the show with that? lauren: it was a disappointment for fans of the sold out show in boston but his performance was not a disappointment. it was great. he got not one but two standing ovations. stuart: all right lauren: as the academy of motion pictures, arts and sciences, initiated disciplinary proceedings against the actor will smith for that slap, they also asked him to leave during the oscars. after the slap and he refused to
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, so now the question is, what the is his punishment and my question is, where is jada on all of this because it seems like she nudged will smith to do something about that, and that's why his son put out a tweet and then took it down saying "that's how we do it" as if they were protecting the mother. stuart: you want to keep going with this before we get to money and politics, i mean the slap is that important you want to grill me again about this thing? lauren: um -- no. >> she's got papers and papers here. lauren: i guess what i want to say is you told me to start with that story. stuart: i did. lauren: so i'm throwing it back on you. stuart: it's my fault. so let's get serious. let's talk inflation. we have the latest inflation number, year-on-year, what is this? the pce. 5.4% brian bremberg, a professor of economics that seems low to me. >> no that's the core number it's a bad number, it's the
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worst we've seen since 1983, so we're still in that 40-year high inflation issue. stuart: wait a minute that's without food and energy. >> all the stuff that matters right? when we exclude all the stuff that matters, i don't know why we look at that number because everybody is concerned about food and fuel. it's a bad number. it's the kind of number where you start to say is the fed going to raise 50 basis points instead of 25 basis points, it's a red flashing signal for an economy that has a lot of them. not a good number. stuart: when i saw five instead of seven, i thought -- >> different measure, high number for that measure. stuart: brian thanks very much indeed. let me get to oil, please, because we've got it at $102 a barrel now. president biden is planning to tap out oil reserves. is that announcement coming today? lauren: it's expected at 1:30 this afternoon. he's expected to tap the emergency supplies for the third time in six months, so we're talking about 180 million-
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barrels, or 1 million per day for six months, six months from now is about a month before the mid-term elections. stuart: okay. lauren: the world is rushing to plug the hole left by russia, which has removed 3 million- barrels a day. the problem is these are band aids, they are completely inadequate. they didn't work before, remember 2005 hurricane katrina brought down oil prices by $3. the key to resupplying the market is commercial production, but the white house sees that as a political liability for their left wing and, you know, in the mid-terms they might pay the price for this decision. stuart: i wonder if he's going to be standing up today at 1:30 to make the announcement on oil reserves and if he will say anything about domestic oil production, which he refuses to do. somebody is going to ask him if there's an opportunity probably peter doocy. lauren thanks very much indeed check futures again, again there's not that much price movement this thursday morning, brian belsky joins us. brian i say this to all our guests.
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the market seems to be settling down. is it the stalemate in the war, are rate hikes baked in, what's the story? >> good morning, stuart. i think it's a lot of that. in my view, the market seems to be kind of poo-poo'ing the war. there seems to be a bit of a lassie-faire type of attitude and it's actually a binary outcome that could be very good meaning we get the war over or very bad, that bad news happens so through that you have to be a quality investor i would not be selling stocks based on that. i would still have some cash available, but we still have not changed our view. i think the market is already discounted that we're going to see six or seven rate increases we already know that. we have already learned that stocks can go up alongside interest rates and that's a very good thing because the economy is improving. we're also seeing even with the statistics today that the pace of inflation is slowing regardless of what people think, and with oil rolling over here, pretty substantially in march, that has led to a 5% increase in prices in the s&p 500 and i
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don't think anybody was thinking about that, so again, it really spells that u.s. stocks are the most resilient asset in the world. stuart: i don't want to get technical. i really don't want to be technical, but there is this yield curve inversion. that means the yield on the two year treasury is actually just about right at the yield on the 10 year treasury, or even above it. so short-term rates slightly above longer term rates. that usually indicates a recession. you want to deal with that? >> well, on average, it's 17 months after an inversion, but the key thing on that is that an inversion must last a duration of several weeks if not several months before it really becomes a real fact with respect to the economy slowing down and remember too, that we are involved with an excessively reactive market not just in stocks but bonds. we think bonds are very oversold and you've seen the 10 year treasury actually rally here recently, so we would expect that short-term rates meaning the two month, is going to rally
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as well, so again, will the yield curve invert? probably, but at the end of the day, we don't think it signals a recession for 2023 and in fact, we think there's a better chance the economy slows after we have this transition to normalcy which be more of a 202. stuart: okay, brian. i asked for it. i brought up the yield curve in version. lauren: i'm shaking my head. stuart: i've got a professor of economics sitting next to me, i've got lauren sitting next to me. brian, you're off the hook thanks for joining us. you're a long term bull and that's the way it is. lauren: he's like what's going on? stuart: he's in naples, florida enjoying the sunshine. he's got a great sun tan, or is that makeup, but nonetheless, you look darker than i do, brian you're off the hook, goodbye. lauren: [laughter] stuart: crypto, i like this story. this to me is very interesting. lauren has the numbers on how
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many adults actually invest, trade or use cryptos. i want to know the numbers? lauren: 21% so one in five coming from an nbc poll and it shows they are popular, considered private and good for the under-banked out there but i know it still feels like the wild west for cryptocurrency enthusiasts right? there's little regulation, and that's why if you look at the same poll, a quarter of people said well, we might use or invest or play with cryptos but we still view them negative ly. stuart: okay. i did put some money into ethererum for my youngest grandson. just a little bit there, he's only what 10 months old so he's got a long time to appreciate, okay? have you dipped your toe in? >> i haven't but what's interesting in this poll i think the poll says that for men age 20-40 or so, it's almost 50% are invested in some so guys are really drawn to this. i haven't because for me, this is still an investment you make with very much discretionary leftover money, you have no concerns about having to spend it on anything,
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and that's not where i'm putting mine. lauren: he's going to disney. stuart: hold on a second. did you say 20-40, it's about 50 %? >> yeah, so men in that range, i think it's between 40 and 50%. stuart: cryptos that draw men to the investment? >> well this is the gambling piece of it, stuart. it's gambling and i'm not saying don't do it. i think it's an interesting platform, okay? i think there's a future in it, but its got to be gambling money you put in because nobody has been able to figure out the price movements. it's not an inflation, it hasn't looked like an inflation hedge. it's moved more with stocks but the swings have been enormous, so it's still gambling money these guys like to gamble. lauren: i agree its become its own asset class, especially during the war in ukraine. the final point i'd make is what he said. any time i do school pick-up, there's this one guy who always says lauren did you hear about this coin or i usually never heard of the coin he thinks i'm the expert on cryptocurrency. stuart: well you're on this program.
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>> you play it up let's be honest. stuart: do you respond to him? lauren: i feel like he gives me good information. stuart: let's move on and check futures the market opens in 19 minutes, and there's not that much, i tell you, settling down just a little. california democrat maxine water s finding herself in hot water for saying this to hundreds of homeless people in her district oh, watch this. >> i want everybody to go home and i want -- >> we don't got no home. that's why we here. stuart: we got the full clip and we're going to play it. the washington post out with a deep dive on hunter biden's laptop and his deals with china. why now? roll tape. >> the mainstream press along with big tech and democrats all colluded to keep this important information from the american people just days before our most important election. stuart: that was congressman jim jordan. he's leading the charge, and jim jordan is next on this program.
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the company which the name of the company is cefc china energy , they have close ties to the communist party and the people's liberation army. the post is reporting that the company paid hunter and his uncle, joe's brother, $4.8 million over 14 months, i do want to point out this would start in 2017, but that's a bombshell. a bombshell, the story was first squashed by the media and big tech. now, we know in the past couple days the laptop was real, it did have e-mails on it they were authenticated by the new york times and now the washington post says this about china. the back drop, hunter biden is under federal investigation, tax investigation. did he not account for income related to these china deals? why are we learning about this now, and what, if anything, did president biden who was not even vice president at the time, know about this. stuart: we'd like to know but we don't know. we haven't found out yet. that's the way it is. let's bring in house judiciary committee ranking member
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congressman jim jordan. congressman did the media and social media suppress the hunter biden story deliberately? >> yeah, well, of course they did. i mean look, the laptop was real , the e-mails were real, the eye witness tony bobulinski was real the only thing fake a year and a half ago was the news. you're exactly right, big tech big democrat party and big media all colluded to keep critical information from the american people in the run-up to the most important election we have the presidential election, so we're launching an investigation , because the real thing here was how facebook and twitter suppressed this information. what did they know, who were they talking to, that's what our letters that just went out today to facebook and google saying tell us on twitter, excuse me, tell us what you knew, who you were talking with, why you made this decision, because we now know, according to the post, according to the new york times, something we knew a year and a half ago that this stuff was as real as it gets. stuart: now we're talking influence pedaling here, at the very highest level.
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is president biden vice president biden in those days drawn directly into it? >> well, remember the e-mail, 10% for the big guy. remember the big guy/joe biden, the big guy, the now president of the united states, he's also the one who fired or pushed for the firing of the ukrainian prosecutor who was starting to look into burisma, the company that was paying hunter so i think that fact pattern warrants investigation, maybe that's what the fbi is looking into, we don't know. we know that the justice department is looking at the tax issue, that's been reported. whether they are looking at that we're not sure, but hunter biden took money from the wife of the mayor of moscow, took money from burisma the ukrainian company, energy company, and took money from companies with connections to the chinese communist party. that in and of itself is scary enough and warrants an investigation, so we'll have to see how far it goes, whose all connected but we know his uncle and we know the president was the big guy mentioned in that now somewhat famous e-mail. stuart: maybe the chinese do have something on our president. all right let's move on.
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new report confirms the cdc allowed the teachers union to edit the guidance that subsequently kept millions of kids out of school. okay now we know, we've seen the e-mails. what can you do about it, congressman? >> well, you bring it to light. we can't prosecute anyone, obviously that's a call for the justice department but we aren't saying anyone is guilty of a crime. we're just saying it's interesting this is sort of template for the left because it wasn't just the teachers union telling the cdc, telling director dr. walensky what to put in the guidance. we have the same pattern with the school board association telling the biden administration we want you to treat parents, excuse me, parents as terrorists , and that's exact ly what merit garland did, he sent the memo literally five days after the letter comes in, he sends out the memorandum saying treat parents as domestic terrorists. we had a whistleblower come forward and tell us that's exact ly what's going on out there, so this is the template,
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this is the pattern. you work with the outside left wing groups to do what you want to do, and put in policies put in place policies they want, so they did it with the teachers union, with cdc guidance, they did it with the school board association, to target moms and dads. stuart: how about that. congressman jim jordan, right on the ball, thanks very much, jim, we'll see you again soon i trust >> thank you. stuart: brian bremberg, you're a professor, what do you think? >> teachers unions right in the middle of all of the policy calling all the shots. parents showing up at school board meetings getting thrown out, getting shutdown, telling them their voice doesn't matter. why do you think so many parents around this country do not trust the public education systems. stuart: they just wrecked public education during the pandemic. >> they did. stuart: our kids suffered for this. >> still suffering. absolutely still suffering. stuart: shameful. disgraced, thank you, brian. check those futures, please. we open this market in about seven and a half minutes, down for the dow, maybe a little, up for the nasdaq, maybe a little, things are settling down and we'll be back.
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opening bell. greg smith is here. you're the market watcher of this morning, greg. lucky guy. i see the market bouncing back. has it bottomed? >> good morning, stuart, it's nice to be back in the studio but i'm just nervous please don't pull a will smith on me if i say something you don't like. stuart: that's not going to happen, sir, don't worry about it. >> oh, great, look we saw stock s bottom on february 24 which did coinside with the invasion of ukraine. you've heard me say many times that you buy when the cash ons are firing, and i think that was pretty right on that. stuart: was the bottom on february 24? >> that was the day the war started? >> we did. we saw a bottoming in the s&p on the 24th so let's hope that sticks. i do think a major bottom is building in place. there's a great setup coming into -- stuart: wait what's a major bottom building in place? february 24 was the bottom? >> i'm hoping that february 24 yes was the bottom. stuart: i see some pretty good movement in big tech moving us out. are they leading this charge? >> look, first look at the bear case that is actually very
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credible if you listen to the bears people are talking about there's major macroeconomic uncertainty, people are complaining about inflation, war , supply chain, covid and now the fed is in full hawk mode, and if you look at the last 10 times that the yield curve inverted, six times its actually been a recession. i don't think that's going to happen this time. and i think that the market is actually put in a false recession and in four times that's happened since 1976 we've seen tech lead up and out in the market and i think tech is going to outperform here and lead higher. stuart: we've had a couple of people on the show, analysts, they manage money, and some of them are looking for a rip your faceoff rally in the immediate future. >> i think that's right. stuart: really? >> i think that inflationary pressures have apexed here in the next few months. look if you breakdown inflation i think it's coming in three distinct stages. you've had first supply chain issues, second you've had what i'm going to call revenge spend,
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right, of consumers. running out and buying stuff, and then recently you've had commodity, parabolic pricing in commodities driven by ukraine. if you look at some leading indicators like the freight index, look at port supply issues, car inventories, these things are starting to rollover so in the next few months we'll see inflationary pressures and still look at the cost of 10 year capital. it's still free, right? even with interest rates going up and you measure inflation cost of 10 year money is still free, so i think tech is reasonably valued. i think that the market will trade higher, wie setting up for a great second half of the year. stuart: i've been wasting my time keeping my spare cash in cash for the last few months? >> well i think that you can be a selective buyer. i have been buying tech. i will continue to buy tech and i think that there's good days ahead here coming. stuart: all right, gregg smith, we normally interview you, and you've got that lunch box collection. >> no more lunch boxes. i'm back in the studio. good news is i still remember
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how to tie a tie after two years stuart: [laughter] hope you aren't wearing sweat pants. gregg smith thanks very much indeed. we've got 20 seconds to go we'll open the market not looking for that much price movement when we do start trading. >> [opening bell ringing] stuart: we're looking for the dow again not that much price movement in the early going this morning just take a look at the yield on the 10 year treasury, 233, that might be promising, we'll see. here we go, we're off, we're running, and right from the get- go, we're down a little for the dow down 90 points on the dow industrials with about i'd say two-thirds of the dow 30 are in the red. how about the s&p 500? also on the downside, ever so slightly, .15%. that's it, now, i'm interested in the nasdaq, because i own microsoft. the nasdaq is up a tiny fraction , six points, 14, 400 show me big tech. all of them on the upside. i think that's got something to do with the yield on the 10 year treasury all the way down to 233
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microsoft, apple, alphabet and meta are all higher. let's single out apple for a second. dead flat this morning, they are turning to china for their memory chips what's the significance of that? lauren: well do we want any of our companies to do more business with china? i think that's the big question, but the issue for apple is that their current suppliers in japan are having issues a contaminated batch of chips so apple reportedly now considering sourcing from china. yes there's the russia equation but also geographically china is in lockdown. if you look at the region 30% of where gdp comes from locked down because of covid so i'm not sure that's a position apple would want to take. i do want to tell you one more thing about apple and you can call them apple the bank. there are reports they are looking to be a financial power house, that they are looking to develop their own payment infrastructure, credit card processing, risk assessment , all that done in- house and it's one of the
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reasons why their current partners like goldman, those stocks fell in a big way yesterday. apple is firing on all fronts and it's pushing back towards the $3 trillion valuation. stuart: they still got like $200 billion in cash. lauren: they have a lot of cash. stuart: that's the kind of money that a bank has. thank you very much lauren. now get to tesla. they are down a fraction this morning. is their gigafactory in shanghai , it was closed for covid has it reopened? lauren: no the story is a mess, so they are halting production, listen, halting production for another two days. they have been closed since monday, okay? so the lockdown in china has two stages, the eastern part, that's where tesla is locked down, and that is supposed to end tomorrow morning, and the western part locks down tomorrow. the issue for tesla is they need permits to move their cars between east and west. stuart: really? lauren: workers live in the west and come to the east. is that a way to operate business right now, so yeah, it makes sense they would just shutdown because it's such a
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headache. i don't think that this is affecting investors at all, because the stock is doing nothing today. it's down $5 but it's up 25% this month. stuart: exactly and it's still well-above a thousand bucks a share. good. here we go. the meme stocks. they are gambling chips. lauren: they are popular among the retail traders and the retail traders poured $5 billion in in general not just to meme stocks in the past week. stuart: $5 billion? lauren: $5 billion says jpmorgan stuart: 5 billion in the past week? lauren: and the biggest beneficiaries of that, tilray, pop stock, amc, and gamestop. there you go. so those are the popular trades. stuart: i wouldn't call pop stocks a meme stock. there's something behind them. they have a business they are running, you know? lauren: and the federal regulations that would ultimately enable them. stuart: amc, i've no clue. lauren: well we're looking at amc right now, so but look at the action in the stock. the low just two weeks ago was $
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77, it doubled in just a couple of days. it's really quite amazing. stuart: that's what happens when you lay the chips on the gambling table that's what you do. lauren: well you know what? goldman sachs says there's $15 trillion in cash just sitting on the sidelines and you have a lot of people working from home still, or just new investors in general coming into some of these big names and talking about them on social media and that's what happens. stuart: ark innovation on your screen. $67 that's cathie wood's thing. lauren: we're showing you this because it holds so many high growth names from zoom, tesla, you know its moved up nicely in the past few weeks $51 to about $68 now. stuart: what else we got? walgreens down 6%. i thought they were going to get a boost from covid. lauren: i did too because they administered 11.8 million vaccinations, 6.6 million tests in the quarter that ended at the end of february. their same-store sales the best in 20 years. did you see the new york city department of health bulletin? stuart: tell me. lauren: we're seeing an up-tick
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in cases here in new york city, so they are saying wear your mask indoors. they are saying the biggest case counts are from the financial district and tribeca for instance among 25-34-year-olds do you think there's an appetite to wear masks indoors when we're just told you can take it off? stuart: no. lauren: they are pushing booster s and i thought that would have pushed walgreens stock up but it is down 6%. stuart: if i go into a store in new york city this morning, i have to wear a mask? lauren: no, no, no, the department of health is saying we suggest, because of the up-tick in cases that you protect yourself and mask up indoors and consider getting boosted if you have not. stuart: not ready for that. lauren: i thought that be good for walgreens. stuart: it was not they are down 6%. here we go, hp and dell. i think they are both down significantly what's the problem lauren: both downgraded at morgan stanley. there's big concerns of big companies cutting back their i. t. hardware spending because of the slow down and recession talk so hp was cut one notch to under weight, dell one
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notch to equal weight. stuart: are we done? lauren: if you'd like to be. stuart: okay. lauren: do you want to be done? let's talk about meme stocks more. stuart: what do you want to know okay, dow winners, i can read it , amgen caterpillar down, that's the dow winners list, not very exciting, really. s&p tractor supply i follow that stock, tractor supply, kroger, c f, again, not very exciting companies are they? not big names. lauren: you're tough to pleased to. stuart: well let's have a look at nasdaq winners. paycheck, american electric power, adp, costco, finally a stock that i know what they are about, costco, on that list, doing very well. lauren: because they have the free food. the nasdaq is up 5% this month, after all of this , you know, the see saw it's up 5% this month however for the quarter it's down almost 8%. stuart: i wonder what a professional like gregg smith who has to sit through all of this what's he thinking here? we've gone on about meme stocks,
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gambling chips. lauren: he's not excited about the momentum. >> you're seeing risk-on come back into the market so people are getting back in and i think people were in a defensive measure in the first quarter its been a trend-first market, and they are starting to go back in and take risk. stuart: it make sense. >> just look at the ark names and all the meme names you've talked about. stuart: check out the big board, the dow industrials you're back to 35,000 just above that level. okay, the 10 year treasury, this is interesting. 2.34%, wasn't that long ago when it was 2.50. price of gold up five bucks 1,944, bitcoin around 47,000 last time we checked, yeah, 47, 200 right now. oil 101 or 102, 103 he's bid it up, 103 as of right now and nat gas 574. let's get the gasoline, your average price for regular is 4.22 but in california, that same gallon will cost you 5.89.
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coming up, we have a grim mid-term election prediction for democrats and it's from a most unlikely source, the view. roll tape. >> this is the absolute wrong lesson that democrats have learned from what happened in the last year. the country is not left of center. >> looks like it's going to be a blood bath for the democrats if they don't turn things around stuart: a blood bath my goodness , jason chaffetz knows a thing or two about elections and he's going to join us and be in new york on the set in the next hour. president biden gets his fourth covid jab and everybody could see it. now what is this? shots forever? marc siegel takes that on a big later in the show. peace at any price? should we be pushing for negotiated settlement in ukraine. mollie hemingway says yes, she's here to make her case, next.
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stuart: u.s. officials say putin 's being mislead by his own advisors. lucas tomlinson at the pentagon. if putin is not being properly informed, how does the war end? reporter: that's a good question , stuart and exactly what officials here are saying that concerns them the most. how can vladimir putin be part of any kind of potential negotiations to end the war if he's not being fully informed about how in this case poorly his forces have been doing the war, which many officials here say, stuart, could drag on for months. >> mr. putin has not been fully informed by his ministry of defence. the fact that he may not have all the context that he may not fully understand, that agree to which his forces are failing in ukraine, that's a little discomforting to be honest with
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you. reporter: the spokesman for putin says both the state department and pentagon don't have the real information about what's actually going on inside the kremlin, some retired american generals question how any russian senior officer could keep his job without presenting all the facts to his boss. experts say this is exactly how totalitarian regimes work, stuart the leaders always kept in the dark and told everything is going very well and in a sign of how poorly the war is going for russia since the invasion began five weeks ago today the pentagon says russian mercenaries arrived in eastern ukraine and likely the same group active in the middle east and africa including libya and syria. >> they plan to put a thousand or so of their contractors in dontesk and we believe they are going to prioritize that part of the country. reporter: nato officials say russia lost up to 15,000 soldiers fighting on the ground in ukraine. that's the same number of soviet soldiers who were killed in afghanistan in a decade of fighting in afghanistan in the 80s, stuart. stuart: lucas thank you very much indeed.
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come on in, mollie hemingway, welcome to the program, good to see you. >> great to be here. stuart: i think you agree with this and you're going this way. should we be pushing for a negotiated peace settlement in ukraine. i think that's what you want, right? >> well you noted that peace at any cost is unwise and unserious idea, but it's always what the biden administration is doing right now which seems to be war at any cost. what russia has done to ukraine is unjust. the carnage is horrific, and we should be pushing in our leadership position for an end to this , with terms that are as favorable as possible to people who are opposed to putin. you're even seeing president of ukraine, volodymyr zelenskyy also talking about negotiated settlement and that's what we should be doing. i think it's unwise to not think through what the consequences are of letting this spiral on for months, you know, perhaps years or even decades, which is what it would take to actually
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defeat such a massive and nuclear-powered country that is wreckless and unwise like russia stuart: but you wouldn't stop sending weapons, which the ukrainians are making good use of. you wouldn't stop that, would you? >> well the question is, how much longer do you want things to go? and so there are difficult questions. you want to put ukraine into a very good position, so that it can get as good of a settlement as possible, but you don't want to again have this drag on for five, 10, 15, 20 years and what that means is we should be thinking about what's in our national interest. is it in our interest to have this length of war going on against russia particularly when that means it keeps our eyes off the ball with greater threats to our country, such as what's happening on the border, or what's happening in china, and so we're not seeing a lot of that kind of serious cost- benefit analysis from the biden administration that we need to be. stuart: but is it in our interests to pressure zelenskyy, to end a war which he didn't start which is wildly unjust to
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the people of ukraine, and it betrays the principle of democracy, doesn't it? you push him into a settlement with this evil empire run by putin, is that really what we want to do? >> again, you have to just deal with what the reality is and the reality is that russia is big and it's nuclear powered and it has nuclear arms. what that means is that it is incredibly unlikely that ukraine , even with all of the support and all of the supplying that we could offer, be able to truly vanquish this enemy in a reasonable time so how many ukrainians are we willing to have die for this approach? for the biden administration's efforts at regime change in russia. how many city are we willing to have destroyed? zelenskyy himself is seeking a negotiated settlement. we should support that, and we should support it in a way that gives him the best bargaining power he can have. we've actually done that already by even that its gone this well for ukraine at this point, given how unfairly
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matched they are against the russians who engaged in this unjust action, but we should be seeking to end it before every ukrainian is killed stuart: all right, i'm glad you got the chance to express that opinion on this program because we'd like to hear it, thank you very much indeed, ma'am, appreciate it. >> thank you. stuart: brian bremberg agreeing. >> she's right on negotiated settlement but how do you negotiate with a guy who has no idea what's going on in the battlefield and what general wants to tell him, hey, we're not doing so well, but then how do you do negotiations? it's all about understanding each other's leverage, putin apparently has no idea what the real deal is on the ground here. stuart: fascinating stuff. very difficult, very difficult. all right, hold on a second moving on to this. trey yingst now he's reported from hotspots all over the world for fox news. today, he's back here, in our studio. he's going to be talking to us about reporting in war torn ukraine and how it was just so different. jeff bezos, blue origin,
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and losing weight. go to golo.com and see how golo can change your life. that's g-o-l-o.com. stuart: jeff bezos is blue origin was supposed to launch six people into space about 40 minutes ago, the countdown clock is being reset and is now counting down again, i think they got four minutes to go before the launch. let's go to casey stegal, at the launch site in van horn, texas. first of all what was the holdup for? reporter: stuart we don't know, although they did tell us through some 35 minutes or so that the holdup are typical and i can tell you from covering multiple launches in the past, we have seen that as well, so i'm actually hearing this live. we might catch this live on tv, because you said that the countdown clock was back on and you are right. in fact, really, hard to see from this vantage point, but about three minutes or so away,
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you can see the launch site is about two miles behind me. this is the closest we have been able to get to. they can only let us in so close , and it's about two miles away and you will really feel the concussions and the booms once those engines start to rev, and they take off. remember this entire sub-orbital flight lasts just about 11 minutes, and that is from take off until touchdown, when the passenger capsule safely lands by parachute out here in the desert of west texas. we're not far from van horn which is about two miles east of el paso. this is the fourth flight that will contain people. in years past, or the months past on the previous missions, they have put some notable celebrities up there like william shatner of course and michael stray han, pete davidson
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, from saturday night live and well known for dating kim kardashian but he was supposed to be on board this mission, but a scheduling conflict happened and that didn't take place, so in lieu of that celebrity we're having one of the engineers. stuart: casey i don't know whether you know this but they just put the countdown on hold again with three minutes to go. reporter: another hold? stuart: in other words we aren't going to be able to see the launch. oh, wait a minute it just went the countdown clock just went back on again, i can't believe this , but it's true, there's three minutes to go. reporter: live tv for you. stuart: thanks very much for the report, casey. we'll try to keep the video on the launch, but i think we've gotta go to a hard commercial break, so you will not see it, but we're going to tape it, and you can see it later, the launch of six folks on the bezos blue origin rocket. would you go on that thing? that's you. >> no. would you go on this thing? stuart: no. >> if i could get hot sauce on my food that's enough adventure
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for me. i'm not going sub-orbital. lauren: i would, not now, if you're paying i'd go. >> you didn't say stuart was paying. lauren: in theory i want to go but there's a lot to consider. stuart: there certainly is. are we going to break? we have to go to the break don't we? lauren: you can do anything you want. stuart: oh, we're okay, okay, i can tell you that the dow is down 105 points and you can still watch the launch on the left-hand side of the screen but i've got to go to a break shortly. i'm going to say thank you very much to brian for being with us for the hour. glutton for punishment and tell you that still ahead we've got bret baier, brian kilmeade, congressman mark green from tennessee, arizona attorney general, the 10:00 hour of "varney" is next and we'll miss the launch but we'll tape it and see it later. ♪
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the strategic petroleum reserve added to our supply, oil at $104 a barrel, the 10 year treasury yield down to 2.35%. here is the number of the morning. mortgage rates thursday morning, 10:00, i suspect mortgage rates have gone up. lauren: that is the average for the 30 year fixed from 4.4% the week prior. purchase demand has weakened modestly. the commentary we are getting. it is still strong but when you have rates going up, prices come down in a meaningful way. stuart: they have gone straight up. 4. 6, how many weeks was that we were at 3.2 or something like that. now this. they are going to do it. they are going to lift title 42. they are opening the migrant floodgates. for two years this title 42 has
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allowed agents to turn migrants back from the border. starting in may they will be let in. sources tell hillary vaughan to expect up to 1/2 million extra migrants this year and a double that next year. once they are in, they have to be housed and that will cost billions. they have to have medical care. border patrol says they may pull in doctors and nurses from all over the country, maybe even rating veterans facilities. than they will be turned loose with a minimum of vetting. this reminds me of the migrant army that marched across europe in 2015, germany's angela merkel let them in and profoundly changed her country. we face a similar migrant army marching hear from central america and mexico. the word is out, they are lining up already, they are coming about who is in charge? alejandro mayorkas has failed control the border. xavier becerra runs health and
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human services, university it. vice president harris is supposed to tackle the root causes of migration and that has not happened. here comes another crisis of the administration's own making. does anyone really believe we would be in this migration mess if trump were still president? second hour of varney just getting started. ♪♪ stuart: congressman mark green joins us, republican from the state of tennessee. this wouldn't have happened under donald trump, what say you? >> i absolutely agree, donald trump made these deals with the central american countries, mexico, remain in mexico stuff. that shut down the flow of migrants. he is the one responsible for title 42, the thing they want to kill. this crisis would not have happened if donald trump was in office. it is happening because
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president biden wants to fundamentally change this country and is doing it with an open border, he's doing it with massive inflation, supply chain and failure in foreign policy across the world. stuart: do you have any say in this lifting of title 42 in congress? >> congress has some legislation we are going to pass and we are trying to do a petition to get it heard on the floor of the house but the chances of that are pretty low. we've got to have democrats join us and they are with the president, they want an open border despite the fact that thousands of americans are dying from fentanyl overdose, gains are coming in, people are taking jobs from especially our american minorities, losing their jobs because of people coming from central america. stuart: i can't believe, i can't believe this is a good idea going into the elections in november. what do you think? >> in my state immigration is the number one issue. the economy is there but
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immigration the number one issue and the shipping of those migrants throughout the country, turning every single state into a border state has only frustrated the rest of the country further. what is really going to surprise the democrats, the migrants who are coming across, they think they have children that will vote democrat but a lot of it there is a huge shift in the latino community toward conservative values because they are in essence conservative, mostly catholic pro-life, want to work, want to have the government leave them alone. they are conservative. the democrats are going to get a real surprise when these people have children and they become american citizens and start voting which that issue should be addressed as well. stuart: a few moments ago on this program, our guest said we, america, should be pushing for a negotiated settlement between russia and ukraine, not peace at any price but get a negotiated settlement going and in place. what is your response to that? >> one of the things that has
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come out of russia's failure to maneuver, they can't maneuver and take the ukrainian forces on, it is empowered the ukrainians, their opinion is every single russian off ukrainian soil. the challenge is they want every single russian gone. i don't blame them. they are a sovereign nation. russia has no business putting troops in ukraine weather is crimea, donbas or around kyiv. disempowerment to the ukrainians makes reaching a negotiated settlement difficult. i'm not about to tell zelenskyy he has to cut a deal where russians stay in ukraine. stuart: thanks for joining us. see you again soon. earlier, russia backed away from their demand that unfriendly countries pay for their gas in rubles. >> reporter: this just crossing, president putin says starting tomorrow russia will
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halt gas shipments to buyers who did not pay in rubles. rubles or else but there was a call yesterday, the german chancellor and vladimir putin, subcontracts are good and we will stick with that and switch to the ruble and that would be gradual and reportedly this about-face, you cannot trust president putin, anything he does. stuart: the dow has taken a trip further south-172. how about never europe? lauren: never need to pay for russian oil. india is buying it on the cheap, $30 a barrel but europe is scrambling for other supplies so we can give the more but looking at cutter and talking with them. every country that can produce is thinking of ways to get their supply to europe because they can't count on russia. stuart: dow is down 170.
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let's bring in michael lee. i will say this to you again. seems to be these peace talks whether they are going well or not, they are talking peace, that has combed the market down a bit, less anxiety in the market. what say you? >> peace and resolution to this conflict is great, great for the economy, takes a big uncertainty out of the world because again russia is a nuclear power and a lot of the actions we've taken have inflamed the situation, not de-escalated so to see steps toward de-escalation, see this, is fantastic for many reasons. stuart: you wouldn't want to see the ukrainians get divided up with russian troops on their territory. would you go for that?
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>> it is a complex part of the world. i don't think it is good for the world, for russia to annex all of ukraine but -- stuart: any of it. >> for this to wind down is good. it can stop a humanitarian crisis, stop this energy crisis and we can basically get back to business in the us and i can go back to making money. stuart: are you going to go back to being polish again? >> we need a yield curve inversion and that is not a surefire sign of recession but is as good as you get. recessions can be 3 years away from that in version and equity markets can do well from now until the peak normally comes in a frenzy before then. there is money to be made in markets. we are still in a situation
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where you have inflation accelerating but getting very good news, great chicago pmi number, great payroll data. i suspect we will have pretty good payroll data tomorrow and jobless claims today with 206,000. these numbers are as low as you can get but we have problems with inflation that still persist and you are seeing demand and liquidity coming out of the markets and we are in a confusing time. i want to invest stocks but defense stocks. stuart: i am in cash and that is where i am staying. i want to put this on screen a few moments ago jeff baeza's's blue origin did launch 6 people into space. blue origin's fourth space tourism flight. they are back. that capsule contains -- lauren: it is quick. stuart: 11 minutes. lauren: it is amazing. they went to the carmen line,
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the booster has landed at launch site one after that successful but short flight to space and back. six people, five of them paying we don't know how much, on that journey. it is really amazing when you see so many more people are doing it. i know you will ask me how much one of those tickets cost and we don't know. one was auctioned for $28 million. virgin galactic sells them for one $450,000. of the one i'm getting used to private spaceflight. they take them quite regularly. they are becoming spectacular and routine. the dow dropped a bit more. you are down 209 points, we watched the origin launch, you have weightlessness for 11 minutes. that is what you pay for. and look out over the whole world, i guess that is a success. next case, the woke world of disney is exposed. executives are attempting to reshape the guest experience.
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how do park goers feel about the changes, that report in the next hour. a host on the view issues this morning for democrats come november. >> the country is not left of center. independents dominate the electorate and swing district to make the different. looks like it is going to be a bloodbath for the democrats. if they don't turn things around. stuart: didn't expect to hear that on the view but jason chaffetz is no doubt surprised. he will join us shortly about the view. russia intensifying attacks against kyiv after pledging to scale back. president zelenskyy calling it a turning point in the war. alex hogan on the ground in ukraine with the latest.
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stuart: check the markets. the dow was down 200 points. the nasdaq down 50. we turned south in the last few minutes. ukraine claims they have retaken three more cities from russia. alex hogan files this report with the latest. >> reporter: despite russia's announcement that it would pool back troops from the northern part of the country we've not seen that. the attacks continue. in the last 24 hour there has been an increase in the number of shellings we've seen in the northeastern city of kharkiv. looking to the east of the country in luhansk, donetsk, continue increasing shelling but ukrainians are firing back, the ukrainian general staff says their troops have destroyed twee 7 russian tanks and 7 armored vehicles.
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the white house and european officials announcing they believe russian president vladimir putin is being misinformed by their advisors or too scared to say the truth of what is happening on the ground. the head of britain's intelligence agency says intel shows russian soldiers are sabotaging their own equal intent refusing to carry out orders including reportedly accidentally shooting down one of their own aircraft. innocent civilians are getting caught in the crossfire in donetsk and are searching for loved ones. rescue workers are responding to one of the latest buildings that has been blown up. this is just part of it. >> reporter: only three windows haven't been broken. the balcony on the other side is undamaged and that is my mom's bedroom. she is under the rubble and i have no news of her. i don't know how she is. i can't take it anymore. >> reporter: in the east, the
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proceeds city of mariupol is largely under russian occupation and the mayor has been telling everyone to evacuate if possible saying russia will soon take over. that is the fear. only 10% of buildings in mariupol still remain. you see these shells of what used to be homes, what used to be buildings, and incredible situation of devastation that has taken place. ukraine is sending thousands of buses to rescue people who remain in that town and as of tomorrow, friday, the international federation of the red cross will send in their own buses to rescue as many people as possible. stuart: thank you very much. i am going to introduce you to a brave and professional young man named trey yingst who was in the level fighting for a long time. i want you to look back at his coverage. role that tate. >> reporter: as a minister's delegation wraps up, they start to shelve the position forcing
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everyone to run for cover. make no mistake but this is a full-scale russian invasion into ukraine happening right now. this morning a russian missile slammed into this building in the ukrainian capital of kyiv. this gives you a sense of the destruction these weapons can cause. they are leaving their entire lives behind. whatever they can pick up. a large group of civilians fleeing the city, holding white flags to let the russians know they are not a threat and trying to get out of the city. evacuation for these people has become more difficult as the russians fire mortar shells at this position. on the front lines, russian forces are flattening neighborhoods. stuart: that brave and professional young man is on your screen right now, trey yingst is back in new york and joins me. you cover the hotspots all over the world, afghanistan, gaza and now ukraine. was there something different
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about covering a war in ukraine? >> reporter: the types of weapons used against civilians is the most part, ballistic missiles, cruise missiles, shelling that was often not in disco but it but targeting civilian areas. you had this population. i don't -- caught in the crossfire -- often there wasn't even crossfire. it was russian forces targeting in a way they've done around the world when they launch campaigns. we've seen it in syria where they take out civilian areas and move their forces forward and we saw that on the ground ukraine. blue and you reported from kyiv throughout your time in ukraine. you have a sense of fear all the time because you never knew what was going to happen next? >> there was a sense of tension. often the air raid sirens would wail through the night. he would hear explosions in the distance and they would get closer and closer. in the early days of this war, there were street battles in kyiv because the russians had planted these saboteurs, moved
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them forward to take out different ukrainian positions. in the early days of this conflict, you heard it in the streets of kyiv and go out and look down roads that had been completely destroyed from this fighting. there was blood in the streets and cars riddled with bullet holes and that was in the ukrainian capital. this was just a taste of what ukraine was experiencing across the country. stuart: you got out of kyiv and went by train to lviv and by car out to poland. lviv completely different from kyiv? >> reporter: different but on the target list for the russians. they heard the sirens. they have seen the strikes against an oil depot against communication equipment but when you go further east the fighting gets more intense partially because it is so close to the russian border in the second largest city in ukraine, kharkiv, in donetsk and luhansk which are controlled by russian separatists. we don't understand the scale
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of destruction because journalists can't get to these areas. they are being fought over as the ukrainians try to defend their sovereignty and russian forces push forward. stuart: would you go back to another war zone in the future? >> reporter: absolutely. stuart: how old are you? >> reporter: 28. stuart: any family? >> reporter: my parents and sister. stuart: you made a name for yourself and you did great. well done. some senators are looking to honor journalists who risk their lives covering ukraine. lauren: bill cassidy of louisiana and amy klobuchar introduced a resolution to honor those journalists risking their lives covering the war, but standing up for democracy and the free press because that is what is missing in russia. these journalists are standing up to what the russians don't have. we did lose one of our own, our camera man, pierre zakrzewski,
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a ukrainian journalist and benjamin hall, our correspondent is still recovering from his injuries. blue one give trey yingst an award. some employees at cbs outraged over the network's decision to hire former trump official mick mulvaney, says they need to hire more republicans to prepare for red wave in november, we have the story. democrats ramping up their push to tax the rich. role tape. we don't have the tape. we will get it for you. will this help or hinder the democrat in the midterms? jason chaffetz covers that for us next. ♪♪ come en take the money and run ♪♪ come on take the money and run ♪♪ come on take the money and run ♪♪
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(fisher investments) it's easy to think that all money managers are pretty much the same, but at fisher investments we're clearly different. (other money manager) different how? you sell high commission investment products, right? (fisher investments) nope. fisher avoids them. (other money manager) well, you must earn commissions on trades. (fisher investments) never at fisher investments. (other money manager) ok, then you probably sneak in some hidden and layered fees. (fisher investments) no. we structure our fees so we do better when clients do better. that might be why most of our clients come from other money managers. at fisher investments, we're clearly different.
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these hackers were youngsters pretending to be law enforcement. lauren: a phenomenal story for so many reasons. they were teenagers in many cases. 18,000 law enforcement agencies in the country, they were able to hack into some of them and send real emails pretending to be cops and made an emergency request meaning the company had to give them customer data without a court order. in this situation the emergency request is a matter of life or death but tech companies were fooled. they got customers addresses, phone numbers, ip addresses. reports say these teenagers used account information to than harass victims and commit financial crimes. the gang is called recursion, those were the guys that broke into microsoft recently. they are affiliated. we reached out to meta and apple, they all responded and this is another issue for the
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tech companies to protect results in their subscribers. stuart: they were asking for that. it does indeed. president biden releasing a million barrels of oil a day to come out of the strategic petroleum reserve. this plan would last one hundred 80 days. wouldn't that take us up right before the midterms. >> reporter: it comes to the end of september, into early voting. the plan to release a million barrels a day for 180 days would put the strategic petroleum reserve at the lowest level since 1984. you see from this chart we are well off the high point from this critical reserve. experts are saying it is a short-term solution, these releases were never meant to handle sustained issues, short-term shots like after a
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hurricane, energy secretary jennifer grannhome to will be the administration has no plans to change its policies or regulations, and to change off of fossil fuels. >> to make sure we are not reliant on fuel for other countries, oil and gas and that is one of the reasons we would like to see a greater push in the us toward electric vehicles and reduce the cost of electric vehicles. >> reporter: electric vehicles solve everything. this would be the third release since november, 50 million barrels announced in march. 's release that has been announced or going to be announced, the administration since last year, taking specific steps to bring gas prices down which have not
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worked like a releasing oil reserves and asking opec to produce more oil with no effect and charging the ftc with price gouging investigation. administration officials are blaming oil companies saying they can produce more. oil executives in front of the house energy committee next week, undoubtedly going to hear from them, and unfriendly environment for the industry. stuart: that is what the administration has done. and unfriendly environment for fossil fuels. the democrats are ramping up their push to tax the wealthy. >> we have billionaires in this country, paying less in federal taxes than you do. >> is there a concern that companies if they are paying more in taxes will raise prices even further? the evidence would show the corporations, when the tax cuts come, what they do if they
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don't get those tax cuts. stuart: socialist tate capitalism, don't they. jason chaffetz is with me. the democrats are basing their november strategy on tax the rich. do you think that's a successful strategy? >> one good tax increase away from prosperity. it is a losing strategy. don't know where they think it will play well in america, the largest tax increase we ever had. taxing unrealized gains, this makes no sense to me. this bill as presented will not become law but it is -- they really do believe the government is the solution, that is where they worship and what they believe and they believe taking and confiscating more money than ever would help america. i don't see it. stuart: this new budget has a raft of tax increases on individuals, on billionaires,
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on corporations, on oil companies. you can't get all of that out, you can't stop all these tax increases going through. >> i hope so. it's the point of differentiation going into the midterms. it is a choice selection and it will help republicans in the house, the senate, it is going to be a wave like they haven't seen before because they have no other plan other than let's confiscate more money and spend more money which is going to exasperate the inflation issue. stuart: i want to take a look at this, one of the hosts of the view predicting a bloodbath for democrats in the midterms. >> this is the wrong lesson democrats have learned from what happened in the last year. the country is not left of center. we are a moderate country, independents dominate the electorate and swing districts make the difference. it looks like it is going to be a bloodbath for the democrats
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if they don't turn things around. blue one a bloodbath, strong word to use by someone on basically a democrat show. >> smartest thing i ever heard from the view. not that i ever watched the whole episode but that is a pretty smart analysis. biden's numbers are terrible, terrible communicator, vice president harris is a drag on the ticket, she's not going to these towns, surging democrats to get to the polls, what is he going to run on? there is not a single issue they can run on other than we are going to be more woke and we want more political correctness. we went do you think republicans could win 50 seats in the house? >> i have said several times never underestimate the republicans ability to snatch defeat from the jaws of victory. they could blow it but this is the best opportunity republicans have had. i think they can get north of 50 and take the senate have a buffer of 2 or 3 seats.
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stuart: interesting indeed. thanks a lot. staffers at cbs news upset over the hiring of mick mulvaney. staffers object because he worked for trump. that is all it is. >> precisely. i am calling a mob like uproar, they call it embarrassing. cbs top brass admitted we need to cover the other side especially if there is a bloodbath in the midterm elections, this is the other side. the issue with mick mulvaney is he attacked the press in the past, their coverage of the way trump covered and dealt with the pandemic when covid first hit. either way it is okay to see the other side and speak to someone who represents the other side. stuart: they can't stand that he was right, that is what it is. we will have him back on the show.
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>> i don't think so anymore. stuart: the walls around hunter biden closing in, the mainstream media finally taking notice. we will deal with that big time. president biden about to open the floodgates of the southern border, title 42 coming to his legal. how is border patrol preparing for what will be a huge surgeon migrants? the report next.
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maybe even lifesaving. ♪do you know what the future holds?♪ stuart: president biden is set to announce the rollback of title 42 so we can expect a lot -- a new surge at the border. what is the reaction from officials? >> not good. border agents say it would be total chaos of title 42 were to be lifted and dhs is saying their projections if it went
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away they are looking at 18,000 illegal crossings every single day. that would be catastrophic and crossings happening now. from texas dps showing a huge illegal crossing where we are, you see migrants using a rope or line to get across the river into the united states, this was a large group of one hundred people. they are seeing these groups multiple times every week, this is part of del rio sector weather sector chief says they are averaging upwards of 1500 illegal crossings every single day. another piece of video to show you is the aftermath of a human smuggler crash near the laredo area chased by texas border patrol, the car catches on fire after it crashes, the smuggler said he had a woman in the vehicle zipped inside a duffel bag that he was smuggling so agents and troopers had to
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break into the car, pool duffel bag out, zip and open, there was a woman in the bag in that burning vehicle, she would have burned alive. you will see her, agents and troopers saving her life from that burning vehicle and lastly we talk about the criminal element. look at this mug shot, border agents in the tucson arizona sector arrested a convicted murderer. fully bay hernandez was convicted of second-degree murder and sentenced to 14 years in prison in 2,007, deported to mexico in 2,020, tried crossing again, they picked him up in the open desert and back out here live, if title 42 were to drop border agents tell us there would be few if any agents patrolling to catch murderers like that because there are so many numbers, got across virtually every agents would have to beholden for processing and
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paperwork and nobody patrolling the front lines. stuart: it would be an open border. great report. the cdc director playing defense. in the report revealed the influence of teachers unions held over the agency. a scientist who works for the new york city health department slamming the state's woke bail reforms was bludgeoned with a hammer by an ex-convict. brian kilmeade takes it on. bret baer is up next.
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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: we brought you the report on the lifting of title 42 which would mean a new surge on the southern border. why do democrats cling to this open border concept when it is clearly damaging the country? >> it is a real problem. if you look at a list of issues people are concerned about immigration on the border is moving up the chain and you
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will see a major surge along the border. it is already some of its highest numbers in encounters on the border just in march and over the past 6 months almost a million. he will see north of that, title 42, enables the government, removing migrants without the asylum protections based on covid 19 and the cdc, they are going to get rid of that and it is going to be a real problem for the asylum folks on the border. stuart: right before the elections. the washington post has authenticated thousands of emails from hunter biden's laptop. is the hunter story now part of the judgment passed on president biden? >> i think so. i think this story is just the beginning, not the end. we covered it back in october 2020 along with the new
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york post and there is much more to this. the reason, moving with these stories, there may be indictments coming and don't want to be on the backs legal telling viewers or readers they never covered it or told people it was not true. you can argue this story could have a significant effect in october 2020. we don't know the end of an or where it goes. we know what is alleged, or what law enforcement is looking at. stuart: i want to tell our viewers we will be watching your exclusive interview with president volodymyr zelenskyy friday at 6 p.m. eastern pm eastern, exclusive report and we will be watching tonight at 6 p.m. pm, special report. we always do.
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>> next week is masters week. stuart: tiger may be coming back. >> two practice rounds and for all you tiger fans this could be the comeback. he's not down there just walking around. blue when have you ever played augusta? >> blessed to play augusta. stuart: make way for brian kilmeade, pushing you to the side and here is brian kilmeade, can't do that to bret baer but i did it. stuart: he is indeed. the cdc allowed the teachers union to edit the guidance that kept millions of children out of school. here's the cdc director saying it. maybe not. we know the teachers union was all around -- allowed to edit
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the guidelines, sensually that kept kids out of school for a long time. what do you make of that? >> new york city some kids, the longer they start — they are in adverse situations. we know how hard it is because of the challenging situations to learn from home. got to get these kids back in school, they did everything they should, got the schools compliant, got the teachers inoculated first and they put their hand, paid the rest and the cdc is supposed to be guided by the science, donald trump was led by politics. president biden, absolutely with president biden, anthony fauci expressing outrage on that from would sit next to donald trump and contradict what the former president had to say, why wouldn't that come up to chuck todd on meet the press. the cdc is taking marching orders from the teachers union,
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not from you. it never came up, never put that out there or expressed concern. stuart: the reputation of the cdc and the teachers union has been trashed. a new york city health department person was bludgeoned with a hammer by an ex-con. for surging crime. the bail or low bail, low bail rule, it has got to go. >> the democratic mayor appointed police chief in nassau county with the commissioner rider, and in suffolk county, the whole country gets the no cash bail, look at the smash and lab in los angeles, it is unbelievable what is taking place, there is no hell to pay, just have everyone update what is
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happening in new york, the mayor went to capitol hill and got blistered for even asking for the no cash bail and the commissioner said the same thing. the governor, polls, 6 of every 10 new yorkers want no cash bail illuminated and back back to the way it was so governor hogle was appointed after governor cuomo's disgrace, we exposed what he is about and she is going okay, i will look to reform cash bail not the way it should be but to agree -- degree and getting pushback from the democrats. it is anti-citizen and governor youngerkin elected in virginia and get possibly, congressman -- stuart: the tide has turned, the tide is turning. in new york to chicago. everybody knows it.
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last word to you. >> congressman zelda and who is jewish serves in the military, and a purple district, between one and 2 points. why is that in a democratic state? the things you said. the american people are done, new yorkers done with high taxes where you get little in return, done with the fact where there is no hell to pay and criminals never seem to pay. they want to have a livable city. and massive change here. stuart: the tide is beginning to turn, the peace and justice. you are all right. thanks for joining us always. here is what we have ahead. arizona attorney general mar brnovich.
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>> you want to put ukraine in a good position to get as good a settlement as possible but don't want to have this drag on 5 or 10 years. it is in our interests to have this length the foregoing against russia. >> president biden wants to fundamentally change this country and doing it with an open border, massive inflation, poor supply chain and failure in foreign policy. >> if you look at the last ten
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times the yield curve inverted since 1976, six times has been a recession. i don't think that will happen this time. >> the market is already discounted 6 or 7 rate increases. the pace of inflation is slowing regardless what people think, us stocks are the most resilient asset in the world. ♪♪ stuart: this is the beatles. let me tell you, this is the beatles, great early songs and you don't know who sings it? get me out of this. on the east coast, the last day of the quarter. april fools' day is tomorrow. the nasdaq is dead flat. not much price movement but the price of oil moving up a little
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bit, at one dollars and $0.92, the yield and $0.92, the yield on the 10 year treasury down to 2.32%. it is the media's job to inform us what is going on and to support free-speech with varied opinions. how come in recent years the media failed to inform and failed on free-speech? i think there are two reasons, the media surrendered to their woke employees and surrendered good judgment to trump hatred. go back to 2020 before the election, young woke staffers at the new york times took to the streets, they didn't like an opinion piece by conservative senator tom cotton. management caved. james bennett, the opinion editor who okayed the peace had to resign. wokesm won, the free exposure of opinion last. just this week, unrest reported at cbs news, management hired
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former budget director mick mulvaney as a commentator. what is the problem? he used to work for trump. that's the other aspect to the media's failure. they can't get over there hatred of trump. they abandoned objectivity, they abandoned the news. they wouldn't touch hunter biden and his laptop and evidence of influence peddling involving his father, than the vice president. they suppress the story, they knew it would be bad news for the biden candidacy and really wanted biden to win. look where we are now. the media got its desired outcome a plot, he reversed trump's policies and gone from one crisis to another. we are all paying the price of surrender to wokesm and endless trump hatred. third hour of varney starts now.
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stuart: where is pete higgs when we need him? there he is, right hand side of the screen. take me on. are we paying the price for wokesm and trump hatred? >> i am just going to heap praise on you. you are exactly right. the infection of trump arrangement syndrome is still a pandemic not even endemic and it will be endemic because they hate any republican, trump was the worst manifestation. it used to be bias and then agenda and now activism and sheer censorship and you talk about these newsrooms, the educational pipeline not to plug my fox nation series miseducation of america but the left has taken it over, pumping wokesters who were never taught western values and ideas of natural rights and free speech and all that stuff, america is
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a bad place and they demand management and trump's tweets, they need safe spaces from that and reminds me of john o'sullivan's law, any institution that is not decidedly right of center becomes left of center, that is what happened to the media in america. stuart: it is a tragedy, earlier on the show, saying we, america, out to be encouraging peace negotiations, that's the best way to stop the awful war dragging on for months, years, and decades. i understand that, good to have a cease-fire but not at the expense of wonderful ukrainian fighters. where do we stand on this? >> i disagree. i would agree with you, i would
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disagree with her. we need to supply volodymyr zelenskyy the weapons he needs to force russia to the table, even more position of weakness where they are able to demand less and less sovereign ukrainian, we don't want to shooting war with russia. we are not trying to escalate because we are a plate of larry boudin, it's not worth the wider war but if the ukrainians can beat back the russian war machine and humiliate him you might get regime change because the people won't tolerated and you might get more of a demonstration of the strength of the west. i don't want to go to the table in a venerable position, i would go to the table with more strength and that means more weapons but there are questions why they are not getting there faster. stuart: that is a good question. we are told they did send one hundred of these, what is the name of these, drones, kazi drones, switch blades.
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>> they are 6 grand a piece. we consent thousands. no reason we couldn't if necessary on them. do we want zelenskyy to win or not in the halls of the foreign policy elite? that's a scary thing to think about if they don't want him to win but want to stalemate. that's the way a lot of elites look at it. stuart: i would agree 100%. push the russians back with military what went as far and as fast as you can then make peace when they get out of the country. you are all right, glad we found you. quick check of the markets. i see some red ink. dow is down 100 for the dow, nasdaq down 5 points, redding, not much of it. gary kalpaum is seeing a red market in priorities.
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is my problem with that, you're absolutely right, commodity prices have gone straight up but our viewers don't invest in wheat futures or corn futures or copper or nickel. how do i get in honorable market in commodities? >> wall street will make a market and their exchange traded funds, if you want to invest in coffee the symbol is j, wheat, soybeans, so you name it. it is out there at this time and all you got to do is what is the symbol for so and so, copper, aluminum, nickel, the same goes for all the countries that are commodity-based like brazil which is moving up, that symbol is twc. stuart: do we continue to roll on? >> all i can tell you is right
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now, the longer it goes on, the russia ukraine situation is no help at all. stuart: it seems the markets are calming down, the negotiations continue. >> the markets are palmer once we get rid of this. the oil spikes, and oil spikes, $10, to the downside retail gets hit. and a better bid in retail discretionary, and much better. it is not soon enough. stuart: i only have 30 seconds,
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what about these recession indicators, the yield on the 2-year treasury higher than the yield on the 10 year. >> i look for the characteristics of these things and it will last a long while. what i'm watching more closely is all the consumer discretionary areas, regardless whether we rallied up. the more i see them heading low, the more we will be headed into a down trend. whether it turns negative is another story but we are getting close. stuart: we hear you, thanks for being on the show. lauren is coming in with the latest on walgreens. we to the worst performer of the dow, they maintain their outlook.
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the labor shortages, and volumes and drug prescriptions continue to be challenged by labor shortages. it could it can be just getting pharmacists. stuart: yesterday we talked about what they did, the calvin klein outfits. why are they down? they are down 66. lauren: this is the worst on the broader market. the parent of calvin klein cut equal weight at morgan stanley. looking forward worried about sale slowing, high exposure to europe, europe directly impacted by what is going on in russia. stuart: back to the homebuilders, they are all down. lauren: the reason is rates are going up, 4.7%. the supply chain still a problem and this quote resonated. we acknowledge builders are to
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a degree over earning given the benefits of widespread pricing power but they do expect that to normalize. of the one what do we get on mortgage rates? lauren: 467. stuart: it was 320 a few weeks ago. the average price for a gallon of gasoline now $4.22. those prices could plunge. who wrote that? those prices could plunge if the white house taps out oil reserves. i don't agree with that and we will change it. teachers finding creative ways to keep critical race theory in schools. they are rebranding the curriculum as social emotional learning. chris rufo leads the charge against crt. disney facing backlash over its woke push. >> brought the fireworks back to the kingdom we no longer say
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florida, the home of disney world. disney is going woke and i mean woke big time. >> when we brought the fireworks back to the magic kingdom we no longer say latest gentlemen, boys and girls can we say dreamers of all ages. we don't want to assume because one might be in our interpretation presented as female that they may not want to be called princess. stuart: now i get it. kelly o'grady is at disneyland in california. have you talked to anyone who said this is my last trip to disney? >> she had enough and it's not just about disney's stance on florida's law but the company strategy in general. >> i think disney is going down the road, probably my last trip. just because of all the garbage they are pushing. i have a right to raise these
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guys the way i want, that is my feeling, not good. >> the backlash is going after a number of disney decisions came to light, one showed a creator boasting about her lgbt q agenda report surfaced, gender specific words like boys and girls, disney would not say if it continues using the term prince and princess, the hashtag boycott disney is trending on twitter with countless comments from frustrated parents had a florida lawmaker returning donations calling the company the enemy of parents. of consumers to express their frustration that could spell trouble. pre-pandemic accounted for 30% of revenue and 35% of profits the cash is used to not only invest heavily in new rides, the impact will come down to what percentage of disney fans
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are tired of the woke revolution but this is a true test of what happens when a corporation attempts to balance a diverse workforce and consumer base with profits. stuart: and jumped into politics as well. it was chris rufo who obtained the leaked video that showed how woke they are going and chris joins us now. a big question. why does disney jump into politics like this? >> a simple reason. what they did is created these racially and sexually segregated activist organizations, delegated moral authority to the representatives of those factions and executives held as ideological hostages to activist groups within disney and what they say they get and it is a kind of morality play of is happening when companies adopt gender ideology as an internal moral positions so exec it was find themselves in
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this awkward situation. out of one side of their mouth they are saying ron desantis is having a don't say gave bill to a limit our usage of the word ladies, gentlemen, girls and boys, if anything disney is projecting the company is guilty of what they are accusing others of doing and they are caught red-handed. stuart: if we moved to the school for a second can you tell me why in american schools we need to teach children to question their own gender identity? why is this in the schools in the first place? >> you have a new crop of public school teachers who emerged from graduate schools, steeped in gender ideology and they view it as their personal mission to get between parent and child and shape the child not to fund norms, but their own political perspective.
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you are getting as young as first-grade, kindergarten, trying to reshape gender, trying to reshape racial ideas, for this quixotic vision. florida voters were right to support this bill that says between age 4 and 8, we are not teaching sexuality or gender identity, not transitioning kids over and above the heads of parents. stuart: some teachers are trying to rebrand critical race theory instead of calling it crt they are calling it social emotional learning. is there any difference between crt and social emotional learning? >> there is. they are related. social emotional learning is the pedagogy, the technique and the delivery system for ideologies like critical race theory and social emotional learning is even more dangerous
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because it makes public school teachers not only in charge of passing on or transmitting knowledge but turns them into psychotherapists. a public school teacher can barely teach students the basics of phonics, reading, writing and arithmetic and we are tasking them with becoming psychotherapists, recipe for disaster, recipe for wrecking the psychology of millions of students, it has got to be stopped, parents should know what is happening. it is gender ideology, everything should be known and put in front of voters in the public to decide do you want this or not? stuart: lead that charge, thanks for joining us, we appreciate it. back to the markets, we don't have much price movement today, dow is down hundred, nasdaq down 20, show me the chinese tech company, the sec just added it to their list of companies that could be delisted from our exchanges because china refuses to allow
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us officials to review their financial audits. that stock is down 7%. bombshell report shows facebook and apple fell for a phony e-mails from scammers posing as law enforcement. what did the scammers get away with? ashley: they use hacked domains belonging to multiple law enforcement agencies and bogus emergency requests for certain users information, things like telephone numbers and so on. both apple and facebook handed over this basic data like phone numbers, home addresses and ip addresses. the request came from real domains of law enforcement agencies with untold number of users affected, snap and chat apps discord were targeted, turns out minors in the us and uk are believed to be behind
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some of the requests which were made up to look like they were from legitimate sources, at times even using signatures of real law enforcement officials. quite a hack, phone numbers, ip addresses, that kind of stuff that we are now finding out about because this happened last year. stuart: the governor of arizona just signed into law a new law requiring proof of citizenship to vote. codecs already calling that unconstitutional. we've got the story. the washington post admits the hunter biden laptop story is real, they initially dismissed it as a fake scandal. dan heninger on that next.
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37, the national average for a gallon of regular gas $4.22. president biden plans to tap into our oil reserves, hoping to lower the price of gas before the election. is that what he's up to? ashley: your so cynical, one plan from the strategic petroleum reserve for the coming months, the exact length of time we are tapping into that oil is not made clear but that announcement could come today when the president is scheduled to deliver remarks from the white house on gas prices but tapping into the reserve generally has only a limited effect on gas prices because of how much oil can be released at a time. it won't be a direct impact, some say so, taking a more direct approach california proposing to hand out $400 debit cards to drivers. georgia is giving tax refunds
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up to $500 and maine considering handing out $850 checks to cushion the blow of inflation and gas prices and by the way a senior administration official saying before the announcement by the president that could be a use or lose it policy announcement where they would charge oil companies sitting on idle wells around lou used leases, that's going to get huge pushback from oil companies because just because you have a lease doesn't mean there's a lot of oil under there and there's a reason they are not using of them, the cost of using them is not going to be feasible so we could have a real battle tween the administration and the oil companies. stuart: i hope the oil companies win and we expand our own oil production. why not? calm down and move on. the washington post finally authenticated thousands of
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emails from hunter biden's laptop over a year after the paper and most of the rest of the media downplayed the scandal before the 2020 election. dan heninger is with us. i have been saying all morning that the media gave in to their woke employees and were overwhelmed with trump hatred. that to me explains their gross failure. have at it please. >> i would be hard put to disagree but saying the media was overwhelmed by their woke employees like the one hundred% of them are well, nothing to overwhelm. they pushed too hard in this direction. it is astonishing and troubling for the president, not merely the content and substance of what the times and washington post are reporting but this sort of revelation frequently precedes the possibility of indictments.
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we have a federal attorney in delaware who has been investigating hunter biden for at least the last two years, that's an ongoing investigation and it has to go somewhere and it could be this is it if they have enough information to look into whether hunter was evading taxes on these deals with the chinese, but as an old union boss might say about these things it is a day late and a dollar short and that is what the washington post is reporting to me. stuart: could reveal away the chinese have something on our president and that affected his negotiations with china over the russia invasion of ukraine? is there something there? >> i would not go so far as to say what affect negotiations on ukraine but it is a troubling issue. it is well-known that hunter
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biden had serious personal problems. he has admitted to drug addiction and he was over there doing deals in china with chinese and it is difficult not to imagine that they would have put him in some sort of compromising situation. that's the way they operate. every businessman who goes over there is warned, be careful as you are warned if you are dealing in moscow so yeah, i think it is entirely possible hunter biden could have put his father at risk and it remains to be seen what did president biden know and when did he know about his son's activities. >> would think we would ask those questions after we asked the same questions of richard nixon, what did he know and when did he know it. we will see you again soon.
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bruce willis stepping away from acting. 's family says he's battling a brain disorder called aphasia. doctor siegel looks plain that condition. ending title 42 would turn the corner into a revolving door for migrants, a new surge coming, that is the warning from customs and border protection people. a full report from washington next. meet jessica moore. jessica was born to care. she always had your back... like the time she spotted the neighbor kid, an approaching car, a puddle, and knew there was going to be a situation. ♪ ♪ ms. hogan's class? yeah, it's atlantis.
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so long as folks at the cdc and others give us the facts and show to protect public health we can and will use title 42 to protect americans. stuart: that contradicts reports that suggest title 42 restrictions will be lifted in may. may be they are having second thoughts because they know it is damaging. hillary vaughan on capitol hill. what are customs and border patrol people telling you would happen if title 42 is in fact lifted? >> they are preparing and bracing for it. i talked with a source who worked in law enforcement, spoke with us on condition of anonymity but to tell us this, that there are real concerns about a migrant surge in the border in the weeks after title 42 eventually does lift, they
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are expecting 500,000, half a million migrants to cut to the border in that time period but the cvp source telling me this, quote, if half a million people come in one months that's an emergency, there is no way we have in a federal agents and ngos, none of people going around. it's going to be a revolving door getting people in and getting people out. the source telling me that there is a major logistical and resource string with the white house decision to offer vaccines to migrants. they don't have enough medical personnel to dole out these vaccines but deal with a number of medical issues many of these migrants may have when they come to the border so one idea being considered is pulling medical personnel from the
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veterans affairs from the va to provide these services to migrants at the border and that is not sitting well with a lot of people in border patrol. a lot of law enforcement people on the border. my source telling me this. we are going to take medical services away from people that deserve that. veterans can't get medical attention but going to get three - free medical attention to illegal immigrants and one additional item. there are long-term plans to figure out how to deal with this surge of people that is not going to just happen in one wave at the beginning but in the year following after title 42 lifted they will double the number of migrants that we have seen in the past year and they are looking at plans to roll out a smart phone apps based on one apps for travelers coming
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into the united states and crossing to the border, known travelers to put in their vitals, looking at using that for migrants to do prescreening. stuart: what a nightmare, i want to bring in the attorney general from the state of arizona. your honor, not sure the correct form of address but i will call you your honor. what are you going to do about the surge in migrants that is almost certainly coming, what can you do about this? >> thank you for having me on. all the fox viewers are my friends. the reality is it is no laughing matter what's going on on the southern border. we've been involved since the biden administration, i was at the supreme court last week pushing the charge case, the package, talking about the fact the biden administration incentivize people crossing the
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border illegally by giving these benefits, shame on the biden administration for wanting to give healthcare and healthcare resources to people who have broken the law. of title 42 is lifted, we will see a massive surge, double the number of migrants coming in, what is going on on the southern border. as a result of that. the price of fentanyl declined. sons and daughters, nieces and nephews are dying because of the failed policies of the biden administration. blue one another half-million, an extra million coming next year, that's a crisis, catastrophe. the governor of arizona signed a new bill which requires voters to show proof of citizenship to vote in a
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presidential election. what has the reaction been like? >> we recognize the importance of voter integrity, which i argued the year before allows states to enact commonsense election integrity measures. we have to have confidence in the result. we all know what happened in 2,020. time to ensure we have fair elections and people have confidence in the results whether that is voter id laws, proof of citizenship, limitations on ballot harvesting, restrictions on voting, we will conduct free and fair elections, jimmy carter in 2004 recommended we should not have ballot harvesting. this is a commonsense election integrity measure designed to protect the process. stuart: the bill has been signed. it is an act, it is the law. will face legal challenge after this? >> like the sun rises in the east, the progressive left in
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2020, they tried to change election rules or undermine election integrity, extending ballot curing, undermining limitations of ballot harvesting i will bet you mark elias and the left wing law firms have sharpened their pencils, inked up their pens and there will be a lawsuit and i will be in court fighting not only for hard-working arizonans, but all americans for commonsense election integrity measures. stuart: one of my pet peeves about america is the lawyers run everything but this is not the time for discussion on that. your honor, thanks for joining us, the attorney general of arizona. still in arizona voting rights not the only controversial bill, come back into what else did he sign? ashley: the governor signed three bills into law that limit transgender rights and abortion access in the state. physicians in the state will be
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restricted from performing an abortion after 15 weeks except in a medical emergency that could impact the life and health of the mother. a newly signed a law will restrict irreversible gender affirming surgery for anyone in the state under the age of 18. the governor says you have to be an adult to make that kind of decision. the third bill signed into law bars transgender girls or women from competing on women's teams, public schools, colleges and universities across arizona. schools will be required to designate athletic teams based on the biological sex of the participating student. stuart: three more cases for the lawyers to have at. that's the way it is. this is where we do a shot of the dow 30. we always say to give you a sense of the market. a lot of selling, a lot of red in, the dow is down 130, but 135,000 level.
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the president got another covid booster shot. the cdc recommends a fourth jab for people 50 and older. is this the start of shots forever? i will ask doctor mark siegel next. ♪♪ get more. like manny. event planning with our best plan ever. (manny) yeah, that's what i do. (vo) with 5g ultra wideband in many more cities, you get up to 10 times the speed at no extra cost. verizon is going ultra, so your business can get more.
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stuart: put the flags out. after two years the cdc has lifted its travel warning for cruise ships. do you still have to get the jab to get on board? ashley: you certainly do. almost all cruise lines still require passengers to be vaccinated before coming on board but as you say after two years of shifting advisors, lawsuits, criticism from industry leaders, a covid cruise travel warning has been lifted. the cdc recommending future cruise passengers wear masks, get vaccinated or wash their hands, take other precautions before boarding a ship. in a statement the cdc saying, quote, while cruising will
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always pose some risk of covid 19 transmission travelers will make their own risk assessment when choosing to travel on a cruise ship, much like they do in all other travel settings. we've been saying for years the cruise lines international association, the big industry association praising the decision saying this will level the playing field between cruise ships and similar venues on land, i.e. hotels for the first time in two years. >> thank you for making it our personal choice. thank you so much, appreciate that. next case, president biden got his second covid booster shot meaning he had four in all. this seems to be like the start of shots forever. i don't think it works. i don't think you can convince americans they should take a shot every 6 months or every year. i don't think it is going to happen.
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>> one of the things the president did, i was thinking while he was getting the shot may be he would reveal something about vladimir putin again but he held his serve this time. i think he didn't message this right. he's in a high-risk group, he is 79 years old with atrial fibrillation it if you wants to say people at high risk or traveling a lot or coming into contact with a lot of people need repeated boosters that would be one thing. it might be good if he announced while he was doing that that the fda would bring out more vaccine options in a week or so, there will be a more targeted booster. they've got to move in the direction of a shot that lasts longer for people to take it. this has stalled, this endeavor has stalled and he never admitted the mandates haven't worked at all. they hurt people. stuart: i think they have indeed. i want to talk about bruce
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willis stepping away from acting, diagnosed with aphasia. you are a doctor, what exactly is that condition? >> this is a pretty sad story because it sounds like bruce willis has been suffering problems for a while now with memory loss and orientation issues and forgetting his lines onset and this is something brewing but aphasia itself means an inability or difficulty communicating words either verbally or in writing, getting your word choice is wrong, mixing up words, or the other kind of aphasia is that you don't understand words when they are thrown at you, what people are saying to you. it seems he has the expressive kind. this can be a form of dementia, it can be progressive. it can be difficult to treat. we use speech therapy for this and try to retrain the brain to use other cues and to use speech in a different way, nonverbal communication, that is what he's looking at.
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he has been an incredible actor and so many people tried to relate to him on these films for so long, we have to feel badly for this situation. stuart: my heart goes out to the manner anyone in that condition. thank you very much. we are running a bit late, 11:55:50. the trivia question. what percentage of men in america have facial hair? 10? 25? 33? 45%? what is it? the right answer after this. rkd by the intentional and unforeseeable. 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: great question, what percentage of men in america have facial hair? i guess 10%. i was hoping for 10%. what's the answer? 33%. i don't believe it. what is this country coming to. by the way 55% of men in the world have facial hair. quick reminder, "friday feedback," we're getting back to it tomorrow. send your thoughts to varneyviewers@fox.com, okay? time's up for me. neil, it is yours. neil: i hope you use my letter, stuart. you can't miss it. it is written in crayon. show it exactly as it came. thank you, my friend, great show. looking at couple developments with oil prices slip-sliding away. we're tapping the strategic petroleum reserve. we done that a number of times. this is the second big moment for this administration, we never done it like this, taking it out at rate of million
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