it will benefit from onshore, 20% regionally from a tie and looks like a pretty good deal right here. jack: robots are the future. great ideas, thank you very much. to read more check out this addition of barron.com. next week we talked to philadelphia fed president patrick carter. that is all for us, see you next week on "barron's roundtable". ♪ >> from the fox studios in new york city this is transcends wall street. >> and happy weekend to all welcome to the program that analyze the week it was an helps position you for the week ahead. i am maria bartiromo. unemployment falling to a two-year low as stocks close out their worst quarter in two years. former vice chairman on where we go from here coming up. meanwhile the president is trying to tackle skyhigh gas prices with the largest release of emergency oil reserves in

history. congressman steve scalise on the actual need for this and the impact it may have. he also is detailed the investigation into the unprecedented role the teacher unions play in cdc policy that cap did millions of kids out of the classroom. plus, bracing for a new flood of illegal migrants at our southern border. officials warning they are not enough federal agents to handle the new crisis. brandon judd is here. but first let's take a look back at some the top newsmakers with mornings with maria and this edition of this week's talkers. ♪ joe manchin is on board to raise $1 trillion in new taxes. >> three -- one americans oppose taxing unrealized gain. they know they are not really real. spirit what can shoppers be doing with inflation of 40 or

highs? >> what we recommend is first of all try to buy on sale. there's always items on sale every week, eggs, ribeye steaks, et cetera et cetera. try to buy on sale and free stuff. maria: can you confirm headlines these talks out of turkey are quote unquote constructive. >> it might be constructive but i don't believe it. putin has been a bad faith actor and the russians are using this opportunity to regroup that's a dangerous opportunity right upper they're getting crushed they're getting embarrassed on the battlefield. maria: meanwhile march ended higher but saw the worst quarter in two years as investors worry about 40 or high inflation, upcoming federal reserve rate hikes and a comic revit mix jobs report out on friday with the march numbers coming at four to 31000 jobs added to the economy. fewer than expected with the unappointed rate did fall to

3.6%. the lowest level since fiber of 2020 for joining our former vice chairman and lane generational founder, fred lane. good to see you thanks for joining me this weekend. give us your take on the jobs numbers we saw and what does that tells about the macroeconomic growth story today? >> well, the job numbers are positive. i think the labor participation rate is an issue. we need to have more people come back into the workforce. i think that is likely to happen. i think the great retirement during covid is going to reverse itself to some extent. and i think we are going to find that people who are in retirement or semite retirement mode are going to come back to the workforce i think that's going to be very positive as well. we certainly have an issue with respect to the service sectors were getting people is very, very difficult regardless almost regardless of price. and we know that part of the

economy has tremendous pent-up demand. the good side also has pent-up demand for the services site in particular travel, leisure, entertainment those sectors clearly have pent-up demand. we need to have more people come back to the workforce to realize the potential there. >> in fact, that was the one sector had the largest job games, leisure and hospitality. i would point out these are the jobs that are low-paying jobs. retail trade, leisure and hospitality are not the high-paying jobs you want to see. is that because inflation is zappe people's disposable income? wages are at four of a percent. what is your take on wages and inflation which of course has a spending more for everything not just gasoline, fred. >> if you look at the consumer balance sheets they're actually very strong point of fact highest level have had i think going back for at least 30

years. i am look at federal reserve data with respect to this. you look at the ratio of households net worth to disposable income. it is now about eight 100%. ten years ago coming out of the great recession actually right before the great recession is about six 100%. the average prior to that was about four 100%. so clearly we have a consumer whose pretty flesh on the one hand print on the other hand we still have people used to working from home. not traveling as much. this hybrid work style is definitely impacting the cities in terms of restaurant revenues. and travel has gone down paper jiggly business travel. people do not need to travel for business as much of got out of the habit of doing it weirded with zoom calls. redoing it was some extent face-to-face meetings is what's coming back slowly. the whole economic structure has changed and i think going

forward over the next couple of years were going to see that and earnings results. with high inflation a lot of the companies we think as being safe havens let's look at coca-cola, pepsico as an example of the large consumer products have very modest growth rate very vulnerable to substitution. they traded market multiples or above in some cases. those seem to be seen as a safety trades we don't think they are. we think frankly and i hate to use the term but i will they work from home trades the technology companies that promote efficiencies that are disruptive to the way things have been done historically. we think those historically are frankly the place to be investing for that great top line growth that insulates them from any erosion and price-earnings multiples over time for long-term investor. and healthcare is another area that basically has been very suppressed and is going to rebound in our view over the next couple of years.

maria: i'm glad you answered my next question how you allocate capitol head of earnings will be getting earnings out in about a week and a half for the first quarter profit season. fred, it's great to see. thanks very much for joining us this weekend. >> thank you very much. maria: fred lane joining us for a quick break than the president makes a historic move to drive gasoline prices lower before the midterm elections. it was the biden administration's decision to keep millions of children out of the classroom during the pandemic based on science? or was it based on fear from a powerful teachers union. powerful teachers union. congressman steve scalise is trelegy for copd.

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if only it was this easy for us. >> our prices are rising because of potions actions by there's not enough supply parade the bottom line is, if we want lower gas prices we need to have more oil supply right now.

maria: present biden putting putin and corporations for the high price of oil as he announced the largest release of oil from u.s. strategic reserves in history. this will be the third time biden has tapped the reserves yet oil prices continue to climb at the national average of gasoline about four elite presidents also pushing congress to require companies to pay fees on wells that they are not currently drilling on. u.s. oil inc. gas association striking back sing the administration is acting like a deadbeat nephew who refuses to find a job and instead opens a new credit card each month while he finishes writing that screenplay. joining me right now louisiana congressman and house republican whip steve scalise is also sitting on the house energy committee. congressman it's great to see this weekend, great to have a hair pick. >> great to be back with you, maria. elizabeth: is this the right

move tapping into the reserves again? >> here we go again the president is raiding our nation security blanket for disasters and using it to just try to bail out his failed policies. as you point out it's no surprise prices keep going up because it's president biden, not vladimir putin shut down production in america. who is not approved a new permit for any kind of pipe by not just keystone, any kind of oil and gas pipeline in america. no new leases for exporting to our friends around the world. so in president biden shut stem production in america, throws up more roadblocks every federal agency's endangered species act, making it impossible to develop your lease and then he said after he stops these companies from developing their leases going to find them if they're not developing their lease. do you wonder why prices keep going up? that he proposed in his budget just the other day, $45 billion in new taxes on oil and gas.

when who is that going to hit? low income families with higher gas prices. this is lunacy. people get if they are furious they know it's not putin do this they knows joe biden. and he keeps doubling down. maria: you are right we also all those agencies put in the climate agenda as the priority. this week the security exchange commission comes out with new rules for all publicly traded companies. basically saying all publicly traded companies have to have climate disclosures and those climate disclosures will come from the company, the suppliers, the affiliates even the customers have to disclose all of their omissions. i spoke with the former chairman of the security exchange commission, harvey pitt here is what he. >> for the scc to a require affirmative disclosures about carbon emissions and a ply a one-size-fits-all to all companies about that, i think is going to sorely test the ability

of the sec to gain credibility for rules that are clearly and undoubtedly within its authority. maria: they're going to lose credibility if they keep pushing the private climate agenda, your thoughts? >> not only will they lose credibility, this is going to add billions of dollars of costs to families. does he not realize that inflation is probably the biggest problem in the country? it is pressuring middle and lower income class families. he is adding to it with all these radical rules. but, he tried to pass a green new deal through a democrat house and senate and could not even get the votes because even as a radical speaker pelosi is with aoc, they could not get the votes to pass the green new deal but now the try to get federal agencies to oppose it backdoor to regulations which will add billions of dollars of increased cost to families on everything you buy. not just gasoline. food at the grocery store, do they not think it's expensive

enough? they are not living in the real world, maria but they are going to get a rude awakening in november because voters are furious. they know who is doing it, it is joe biden. we are going to have a change of direction. maria: they do not believe it's putin we have a timeline of inflation and clearly moves on the president signed into law the covid relief package the infrastructure package, and the moves to push the "build back better" agenda forward. but another big story you are working on is the cdc under fire for giving the teachers union a role in creating the guidance that cap schools closed during the pandemic. the cdc says teaming up with the union was routine, congressman. you conducted an investigation and a hearing was cdc director. what did you find? >> well, one of the things we found is that not only not unprecedented and almost never happens, one of the cdc witnesses we interviewed actually said will be interviewing that it almost

never happens but even if it does, maybe they might give you a heads up a few hours before the report came out. we found the cdc gave the union bosses about 12 days in advance of it going public a copy of what the guidance was going to be for opening up schools. we found e-mails we uncovered e-mails between cdc director wilensky in the head of the teachers union. the union said whoa, this isn't good enough it doesn't give us enough power to shut down schools. and by the way here are some suggested changes routine of the cdc almost took it word for word from the teachers union? made the changes, modify the science, and then made it easier to shut down schools. cdc put that in their final guidance. i asked the cdc director, is has any parent group and given that accessible of the ability to change the medical guidance? she has not given me a name yet but yet they let the union bosses change the science to keep schools shut down. this is eight major scandal. again parents are furious

because their kids, millions of kids were denied the opportunity to have in went all the scientists were saying you are damaging kids by keeping them out of school. they are not luring, suicide sort through the roof because you're keeping them out of school very but they did this to bow down to the union bosses and not side with the kids but side with her big supporters in the unions. saint parents were furious and then they went after parent and wanted to rest anybody who got upset. congressmen were going to watch the story it's an important one and our viewers want to know more. we thank you so much for your leadership on it. >> always great to be with you. maria: thank you sir will talk with you soon. ending title 42 would turn the border into a revolving door for illegal migrants. that is the dire warning from customs and border protection officials. brandon judd is here next. >> over the biden first four years we will apprehend about 10 million people crossing the border.

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>> i'm going be hitting record numbers myself, the next two or three days will head over a million encounters or apprehensions of the southwest border is not just the southwest border and got coastal sectors that are under attack and of course on the northern border was so the threat up there. maria: that was border patrol chief saying the u.s. is topping a 1 million border encounters this fiscal year so far. another caravan of hundreds of migrants is reportedly on the way after reports that president biden is expected to revoke a

trump era asylum a policy known as fort title 42 but he will do that in may. one border agent telling fox, we are expecting to get rack to rejoin it right now national border patrol council president brandon judd. great to see you pretty in protecting this border for several years now. what is your expectation of the administration revoking title 42 and the impact? >> maria i am disgusted as should the entire american public. president biden just wave the white flag of surrender. giving complete control to the cartel to bring across anything they want. our resources are going to be completely pulled out because this administration wants to pander to activists rather than follow the science and say there's a lot of bad things that are entering across our southwest border. while other diseases coming from third world countries for this

is a bad decision, bad it time. were already in a crisis is just going to push this crisis even further. maria: i am scratching my head here like white revoke title 42? the administration's synthesis policy is policy, an emergency policy for health reasons during covid and the health reason is over but we just saw china shut down the entire city of shanghai. we just saw president biden extend the rules for masks on planes. white revoke title 42? >> because these pander to the activist for that's all he is doing pretty is not following the science. we cost they heard him saying i going to file the science, going to faulty science. but in this particular case and as a pretense the border which she has never cared about he is listening to activists and going off what they want him to do. he's opening borders to hurt american citizens simply because his base constituency what him to do this.

maria: let me ask you who is coming across its border. we have been look at what, 5000 apprehensions a day for a long time now, 4000 apprehensions a day at different places in the border. one agent told us that once title 42 goes away it's going to be a much more than that. what would you expect in terms of the numbers of people coming across on a daily basis? and who is it? one senator told me they found at least 34 people who were on the terrorist watch list. tell us who is coming across. >> when you look at the numbers, 5000 is a good number for us. if you look at the last couple days, the last week those numbers have jumped up. we are now at 7000, 7500 will be are apprehending now. that simply based upon the fact everybody knows title 42 is going away. that is by we are seeing the rush that we are seeing right now. and then all you've got to do is look at del rio. del rio over the weekend

apprehended for criminal aliens that had extensive criminal records here in the united states. we arrest people of records in the night it states for rape, murder, child molestation. and like you just said, we have identified several people with names on the watch list for this is a scary situation is just getting scarier by the day because this administration will not enact a policy to allow us to protect the border. smith is also illicit narcotics come across where they come from ports of entry but you also see things like internal coming across the border. the present is not mention the word once in the year he spent in office. >> of course he hasn't if he did that he would then have to do something on the border. it is funny president trump dealt with this issue it was a heart issue for him to deal because congress was not working with him when implemented the protocol he came to the border

to see what was going on. this administration does not do that the border czar has only been to el paso not the actual border to the city of el paso. if she did there have to enact policy. they pretend like there is nothing wrong to they don't have to do anything about that's why he will not mention fentanyl. >> wow what an incredible moment in time and situation. brandon thanks your leadership on this in protecting texas in the country at the southern border. border. brandon judd good to see this as a struggling actor, i need all the breaks that i can get. at liberty butchemel— cut. liberty biberty— cut. liberty mutual customizes your car insurance so you only pay for whatchya... line? need. action. cut. you can't say that. [phone rings] sorry. is this where they're gonna put the statue of liberty? liberty... are we married to mutual? cut. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

maria: welcome back of another big show the works for next week and primates should turn into wall street every friday night at 7:00 p.m. eastern right box business. i will see over the fox news channel on sunday. 10:00 a.m. eastern live sunday morning on the fox news channel for sunday morning futures. got asked elusive interest of ron johnson and bill hagerty along with west virginia attorney general patrick

morrissey former president of ukraine. we'll join me live on sunday. plus regular foxbusiness start start every from six to 9:00 a.m. eastern for morning with maria. start your business every day with us right here but that will do it for us for now, thank you so much for joining me. have a great rest of the weekend. y y y y y y y y y y y . ♪ ♪ ♪ ♪. gerry: hello this book on the wall street journal at large joe biden's mixed signals on russia. he wants to avoid world war iii but vladimir putin must be ousted. how exactly does that work questionable discuss that in the prospects for the kind of peace deal to the u.s. and basso to nato. and hunter biden's laptop, that story you were not allowed to hear about b