Skip to main content

tv   Varney Company  FOX Business  April 5, 2022 9:00am-12:00pm EDT

9:00 am
move clearly got something in mind, he is acknowledging one of the most brittle innovative ceos on planets if after something going 20 know it very is quickly again i think making the stock into something meaningful. >> keith thanks very much joe ron great to be with you this morning. thank you so much for being here we will see you soon, and thanks stuart: yes, indeed, good morning, maria, good morning, everyone. we're just hearing this twitter has appointed elon musk to its board of directors. shares jumping on that news, $53 a share as we speak. but, as long as he's on the board, he cannot own more than 14.9% of the shares, okay, now, musk really shook things up , didn't he? he's already making waves. just hours after announcing he bought that big chunk of twitter overnight he asked his 80 million twitter followers whether they wanted an edit button and the yes vote is winning big time. he's supposed to be a passive
9:01 am
investor looks like an activist to restore free speech and a lot of people are cheering him on, more on this i promise. political theatre on capitol hill this morning. oil company executives to be grilled. the democrats will blame them for high gas prices. they will accuse them of price gouging and profiteering. biden's deliberate cut in oil production which started the gas price rise will probably not be mentioned. oil this morning, well, we're looking at about $104 a barrel as we speak the price of gas very little change there, $4.17 is your national average for regular and look at diesel, still holding well-above $5 at $ 5.08 per gallon. the story on wall street is the recovery of many of those big tech stocks they are widely-held so you might want t check your 401 (k). most of them are down this morning but had a pretty good run recently that's where they are now. the dow industrials open to the downside, but not by much we're looking at a loss of maybe 80
9:02 am
points the s&p down 11 and the nasdaq down 51 that's not much of a pullback. as for bitcoin, holding at 47,000 bucks this morning and interest rates that will be the yield on the 10 year treasury coming in at 2.46% right now. the war news, it is grim, as russian troops withdraw, new atrocities are revealed. president zelenskyy says 300 people have been killed and tortured in bucha. britain, france, the united states, expected to present evidence of atrocities to the united nations security council. zelenskyy will address the u.n. this morning at 10 eastern. he's expected to plead for tougher sanctions on russia, and more lethal weapons. also, on the show today, a report from the border waiting for the next big surge. it's coming, the number of illegals crossing is already going straight up. if you stayed up to watch the big game, you would have seen a stunning comeback by the jay-hawks down 16 points at half time, they rallied to beat north carolina tarheels 72-69.
9:03 am
i will guarantee it was a big night for betting on your phone tuesday, april 5, 2022, "varney" & company is about to begin. this is the biggest corporate news of the morning, elon musk has been appointed to serve on twitter's board of directors take me through this moves lauren. lauren: look at the stock so he serves as a class 2 director and cannot own more than 14.9% of the company. this is twitter embracing elon musk. they realized he adds value and you can say that to basically anything he touches. this is musk's response, i look forward to working with twitter ceo and the board to make significant improvements. he already started, last night he asked his 80 million twitter users if they want an edit button let's show you the poll. he oddly spelled yes and no wrong, i just want to point that
9:04 am
out. 3 million people have voted, 73% say yes. edit button, and i found this the strangest thing and this preceded the news that elon musk is on the board. the ceo parag retweeted musk's poll saying the consequences of this will be important. this is so much more than an edit button this story this is free speech. is twitter as they embrace elon musk, completely allowing free expression without censorship on the site, because at times, they might have to moderate elon musk , their biggest shareholder. stuart: okay i get the point i want to bring in david bahnsen, our market watcher. he's got something to say about this. can musk have influence on twitter if he's restricted to owning 14.9% of the stock and he's a class two director? does he have the influence that he wants? >> maybe not what he wants ultimately but he already has had influence and he absolutely continue to have influence. the ceo appears to be codelling
9:05 am
him for the class 14 hours, re tweeting this poll, they have put a foot in the ground on the whole edit button and now here is musk moving that needle but i agree completely it's not about the edit button. it's a sample of where he wants to go overhauling the company. stuart: well twitter doesn't want to go in the direction of ending censorship, do they? >> well twitter shareholders want the stock up 25%, and it's one of the worst-performing stocks in tech for six years i don't think people realize it's still basically at the level it was six, seven years ago when everything else is up huge, so i think that what they realize is perhaps an entire new strategy is needed and musk clearly is been successful in generating such. stuart: you're angry at twitter aren't you? >> i'm angry at a lot of companies. stuart: and that's what i want to get to because you're angry at disney too. explain this one. >> yeah, well look with disney, i think it is a turning of the culture war. i can not believe the pushback against disney right now. stuart i've never done a boycott or cutoff a product in my life,
9:06 am
because i generally don't believe in it. i think it's more symbolism than substance, doesn't move the needle. i told my kids we're done with disney. i can't stand it anymore. the lies about what was happening in florida, them entering the way they did, the ceo whose supposed to be a grown-up, capitulating to a bunch of 25-year-old employees, all over, look it's fine if they have a view of sexual ethics i don't really care but they are trying to force this into kids, into homes, redefining the institution of family, people are not going to stand for it. it's going to hurt disney. stuart: well you livened us up this morning. >> let's do this. stuart: i've got a milder subject to close out on. i want your dividend plays. simon property group and ibm. tell me more. >> again two examples i have to come to you with the higher dividend name and these are two of the higher dividends in our portfolio both over 5% but both are going to be growing the dividend this year. i think simon is going to grow at about 20% and what i would
9:07 am
point out is that every single shopping mall in the country was closed down two years ago and here is simon up triple since then. they rebounded through as bad as it gets, and now they are collecting 95% of their rent, simon is a wonderful name to play a recovery and they have great assets. stuart: stay there, please. you with me for the hour, it's great to see you i want to move on to the war. ukraine's president zelenskyy witnessed the devastation in bucha firsthand. he's now warning there are likely worse atrocities happening in nearby cities take me through this one. lauren: he called it genocide and that's what he will tell the united nations. washington will not go as far, but we will ask the u.n. general assembly to suspend russia from the human rights council. it's amazing it's even on it, and president biden is calling for a war crimes trial. the horrific images that you're looking at from bucha, they are not isolated. there are reports that the russian troops kidnapped the
9:08 am
mayor and they killed her, her husband, her son, and their bodies were found in a well, when the russian troops left. this is as the russian forces pullback from kyiv, there are still no signs the war will end anytime soon, instead officials believe russia, they are going to concentrate their power in the east and perhaps, this is the worry, intensify the warfare to include chemical attacks. stuart: all right that is horrific. lauren: it really is. stuart: correct use of the word. senator dan sully sullivan joins us now. mr. senator, we see these pictures and hear these horrific reports. surely, that will encourage us to give more lethal weapons and quickly to ukraine. are we going to do it? >> well i certainly hope so, stuart, and i've been pressing for it. you know, i hope the u.n. today listens to president zelenskyy. he's going to talk about their courage, no doubt, atrocities. i spent a lot of time yesterday
9:09 am
with the ukrainian ambassador and i think we're going to see other examples in other communities like mariupol where there are russian atrocities and just listen to him. he's literally winston churchill in a t-shirt but to your point right now, we need to do much more, we need to listen to the ukrainians on what they need, and we need to put forward a winning strategy. you know, go ahead, sir. stuart: that's entirely right. that's what i wanted to ask you. is our policy, is america's policy, to win in ukraine, and by win, i mean push russian troops back as far as possible. >> yeah, this is the key question, and let me give you a little background on what happened in the run-up to the war. our intel agencies did a great job of predicting how this war would start, where it would come from, a lot of people weren't believing it. they did a very good job on that , but when they were briefing the senate, briefing
9:10 am
the president, they said that this war was going to last about a week, and ukraine be crushed. that was the assumption. we need a paradigm shift here, because when the initial assumption, which is what we had in the u.s. government from our intel agencies, is that the ukrainians are going to lose , it limits the options in how you actually think about the war. what we need now is a paradigm shift to have a winning strategy to me that means many more weapons, and more quickly, tightening the sanctions, intel sharing, including in the east, and getting american energy to our allies. that is what a winning strategy is and the paradigm shift needs to happen immediately because it started out with the assumption that the ukrainians would simply lose and we're not seeing that. stuart: senator dan sullivan thank you very much for being with us we appreciate it. >> thank you, stuart. stuart: yes, sir. all right, let's change the subject. the kansas jay hawks are the ncaa champions they made a
9:11 am
big comeback to defeat the north carolina tarheels i didn't see any of it. i was fast asleep but take me through the highlights. lauren: they were down 16 at half. that makes this the biggest come back in championship history >> be the one to take it, goes up for the shot and scores! the game is over! and kansas completes the biggest championship comeback. lauren: final score 72-69 it was the fourth win for kansas their first since 2008 their second for the coach, so he said 2020 that was my best team but that tournament was canceled for covid. i think this turned out to be his best team. stuart: quite a night i've got to say thanks. lauren: you missed it. stuart: have a look at futures how are we going to open the market today? i see red ink, dow down 80 nasdaq down about 47. listen to this. one new york city mom confronts mayor eric adams over the city's mask mandate, for toddlers.
9:12 am
roll tape. >> three weeks ago you told parents to trust you, that you would unmask our toddlers and you renegged on your promise. stuart: that woman has been fired from her city job, we've got the story. big oil comes to capitol hill. democrats want the ceo's of exxon and the like to scrap stock buybacks and dividends and give the money to gas-paying americans. congressman dan crenshaw will be in the hearings but he's going to be with us, next. ♪ on the road again ♪ for investors who can navigate this landscape, leveraging gold, a strategic and sustainable asset... the path is gilded with the potential for rich returns. your record label is taking off. but so is your sound engineer.
9:13 am
you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire
9:14 am
9:15 am
9:16 am
♪ are you ready ♪
9:17 am
stuart: that's capitol hill, obviously, cloudy and 50 degrees right now, staying on capitol hill, big oil, they are going to be testifying before a senate committee today, hillary vaughn is there. i bet the democrats are going to pin the blame on big oil for rising gas prices. am i right? reporter: yeah, stuart, and that is exactly what the president of western energy alliance, who is going to be testifying today, is anticipating. the president of that group released a portion of her opening statement where she makes the case and essentially is rebutting claims from democrats on capitol hill from the biden administration that oil companies are to blame for rising prices at the pump, making the case that from day one, president biden's energy policies have discouraged u.s. energy production and that has a trickle down effect to the price of gas at the pump and the supply of gasoline, but it's
9:18 am
not just the western energy alliance today that we're going to hear from. this whole week is kind of a theme of big oil, later this week we're going to have the top executives from bp, chevron, exxon, and shell, who will also be testifying and facing and addressing accusation s that they are price gouging at the pump, but getting ahead of all of this , the american energy alliance has been going on opposition, launch ing a five-figure ad campaign calling out the biden administration for sending mixed signals on u.s. energy production the ads will be hitting airways in 12 states and d.c. and stuart the big reason why that is key is this is a major issue heading into the mid-terms, so energy groups are going on offense and really hitting the biden administration on a policy that has been very very hard for them , and the polling on that has been clear as well. stuart? stuart: i'm glad to hear that hillary, thank you very much indeed. now look whose here, congressman
9:19 am
dan crenshaw, republican from the great state of texas. congressman, now you'll be in the hearing tomorrow, asking questions. democrats are going to play the blame game. what are you going to say to these executives? what's your point that you want to raise with them? >> yeah, that's right, stuart. look there's two different narratives democrats are going to say that is big oil companies and small oil companies are price-makers they could change the price if they wanted to, that they could drill more and could produce if they wanted to. republicans are going to offer an alternative narrative which points out a lot of other factor s, so some of those factor s are the following. one, there's been a chilling regulatory environment or at least threat of a regulatory environment for the past year and a half since biden took office, and by the way a year and a half ago is also when prices started to go up, we'll point that out as well. so oil companies if they were going to invest in that new production, it would have happened, it would have needed to happen about a year and a half ago but of course, the democrats have been threatening them with extra taxes, extra regulations this
9:20 am
puts a large chilling effect on the industry. second, we're going to talk about esg. elon musk recently said esg is the devil and why would he say that, it's environmental, society governance and basically in the financial markets and i think a lot of your viewers know this but in the financial industry, it's a cultural trend, really. it's a cultural trend that says let's change oil & gas from the inside out instead of from the outside in and so they buy up larger shares, they get board seats on these big oil companies , and then they say, i mean, blackrock ceo larry fink said we're going to change consumerrer behavior and they get on the boards and say don't drill, instead invest in renewables so all these factors come together and create an environment where there's not a lot of incentive to be producing more, and that's a real problem for american consumers, who need their prices to go down. stuart: would you agree with the following statement which i've made many times. we are being asked to pay the price for green energy dream
9:21 am
s. yes? >> absolutely, and then look, we can see that in california, we can see that in germany. the germany-france case studies a really good one because france invested in nuclear a long time ago, 80% of their energy is from nuclear, germany did their own green deal, $700 billion investments in solar and wind and think ev to fire up their coal plants and be reliant on russia for energy, because these renewable energy sources are not reliable. they are weather-dependent but they are fine in some places, but they will never makeup a large enough mix of the energy production to really make a difference and they are certainly going to drive prices up. in california you see their prices go up six times more than everybody else in the country and what do they get for it? blackouts. stuart: some of us are a little tired of it too, congressman always a pleasure thanks for being with us this morning. >> thank you, stuart. stuart: david and lauren, come on into this , david first if i may. what do you make of these oil company hearings? it's just political theory, nothing comes out of it other
9:22 am
than just what political pandering, posturing. >> i don't think it's political theory, i think it's political theatre. i hate these grandstanding moments. i recall after the financial crisis them bringing the big bank executives and you go through all this stuff and nothing comes of it but the problem is, tomorrow is going to be an exercise in economic ignorance from elected leadership in our country that don't understand where prices come from, don't understand where markets come from, don't understand laws of supply and demand. these are basic economic principles, and one of the things that i agree with everything congressman said. i think one of the aspects we're kind of missing in it is how they want to strip capital out of this as well, and so then what you have is capital constrained industry at a time when they need to be investing more into production and then of course the regulatory environments hurting that as well and it's a perfect storm all hurting the consumer. stuart: lauren? lauren: i think it's embarrassing and i feel bad for those executives speaking of
9:23 am
ignorance, commodity market is forward-looking so you invest now for what you do in the future but i'll add this. these oil companies that you're going to see , they don't own the pumps. .1% of gas stations are owned by the major oil companies, so they don't have skin in that game. stuart: all right lauren: it's just, it's the white house is frustrated and they need to blame someone, so case in point, blame these big rich guys. stuart: economic ignorance, nice expression i'm going to steal it off you that's exactly what it is thanks, david, thank you, everybody let's check futures as we run up to the opening bell some red ink, but not that much. we will take you to wall street, for the opening bell, next. ♪
9:24 am
(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.
9:25 am
9:26 am
9:27 am
stuart: oh, gotta check those markets because we've got dow down about 90 that's all, and nasdaq down about 40, that's at the open of trading. michael lee joins us again. i've got to talk about this. elon musk has been appointed to
9:28 am
the board of directors at twitter. he can't hold more than 14.9% of twitter stock. twitter stock going straight up again, $54 a share. is this giving up a seat on the board is this a way to restrict him, mike? >> you know, i think everybody 's tried to restrict him, and i think they think maybe you can put some chains around him but now, he's out of the bag. he could take over this company, he could buy the rest of it. stuart: no he can't he's got 14.9%. he's appointed to the seat on the board, he can't own more than 14.9% of the stock, so he can't buy the whole company. >> you know, he could resign from the board and he just needs enough of a controlling share, and then if you look at the next three largest shareholders, it's vanguard, state street and blackrock, who all own their shares through eft's so they are passive holdings, so you know, he has a tremendous amount of
9:29 am
power at the company now, i imagine he'll want to come in and make changes and if they try to resist what he wants, you know, it'll be fun to watch it happen, but if he's serious about what he's talking about with free speech and this is a great day not only for twitter but for america. stuart: is this , well i agree with you on that one. is this a case of keep your friends close and keep your enemies even closer, so they embrace this outsider elon musk as a way of, you know, keeping him close and knowing what he's doing. is that what's going on? >> well, i mean, this is more of the left's jawboning blowing up in their face. they say people like elon don't pay enough taxes so he sells enough stock and he writes the single largest check to the federal government anybody has in history to pay taxes on his unrealized gains which are now realized gains and has a big pile of cash sloshing around and it looks like he's doing something really cool with it so they can try to keep, again, you can try to control elon, i think the only person that controls
9:30 am
elon is elon so good luck. stuart: i hope he brings back free speech to the town square of twitter. >> [opening bell ringing] stuart: mike lee, thank you very much indeed, good stuff, we're building up this tuesday morning we're going to be down at the open, it's not going to be a huge sell-off by the looks of it but as we always like to say this day and age you really can't tell how things are going to close out at 4:00 eastern, this afternoon. trading has begun. here we go right from the start we're on the downside, again, about 100 points lower in a very very early going and there's a preponderance, shall we say, of selling among the dow 30. i'm looking at 25 of the dow 30 on the downside right at the opening bell dow is down 80 points the s&p 500 also lower not much .21% the nasdaq composite also lower a quarter percent lower. i would imagine that big tech is all over the place this morning, mostly lower. microsoft, apple, alphabet, amazon down, meta again higher,
9:31 am
235 is your quote on on the stock formerly known as facebook. let's get to musk's stake in twitter is appointed to the board, susan li, is the fcc going to say something about this? >> well first of all, i think the sec is already looking into how he disclosed his 9% stake in twitter because the filing was a few days late but jack dorsey just tweeted he's really happy that elon musk is joining the twitter board because he cares deeply about our world and how twitter's place in it. isn't that nice? so we know that jack dorsey and elon musk they are friendly, auto it would say maybe even out right friends but we know that we do have of course elon musk being appointed to twitter 's board, there's the ceo of twitter there welcoming elon musk. now, it's important to note, conversations with elon musk in recent weeks, i'll get to that in just a bit, but here is elon musk confirming that he's coming on to the board with that tweet,
9:32 am
saying that he looks forward to conversations and improvements to twitter, so this has been in the works for a few weeks. remember that elon musk said he bought the stake on march 14 and it looks like they have been in conversations for a while, and this passive stake which we reported yesterday, turning active very quickly so he's a class two director on the board meaning that he's more of a strategic long term, he's probably more involved in the long term strategic planning of the company, but $3 billion that's a $2 billion investment turned into $3.5 billion almost. stuart: he said in that tweet, he wants improvements to twitter does he have the clout to return >> well when you're the largest single holder and stakeholder in the company you usually have some authority there. stuart: isn't he going to get in a fight with dorsey? dorsey is a left wing kind of guy. >> no, they have a lot of free-
9:33 am
flow conversations they are both believers in cryptocurrency as you know, both i would say silicon valley pioneers. stuart: they are both climate warriors. >> there you go all that stuff, so i actually think jack dorsey and elon musk get along fine. it's parag agarwal people are very concerned about bass because i don't know if you saw the meme that elon musk tweeted out in december, parag agarwal and his face on stallin, it was superimposed on a meme of stalli n, he was suggesting that parag helped push out jack dorsey at twitter. stuart: okay i'm lost but nonetheless. >> really? there's only three personalities involved here. stuart: yes but i would like to see twitter return to a concept of free speech in the town public square. i'd like to see a return to that >> well there's an opportunity. stuart: i've seen people, conservatives cast out because they can't get on twitter. how can you possibly cast the sitting president of the united states, keep him off
9:34 am
twitter for life? how can you do that? >> well he's influential, what did trump have in terms of the users, 80 million followers i think. that was comparable to elon musk stuart: i hope musk makes sufficient changes at twitter to get trump back on twitter if that's what trump wants. >> what is the stock price i think that's more motivating because it has underperformed shall we say. its been down 40% over the past year. stuart: david still here, is nodding vigorously. >> well the stock price is a huge consideration, and it's what investors are supposed to be worried about. but here is the thing. dorsey, you know -- >> no longer on the board by the way. >> not on the board and still has his other company to be focused on. >> and a smaller stake in twitter than elon musk does so it's not jack dorsey's headache anymore. it's more about elon musk buying into try to get some changes which is the interesting part. stuart: yes that is the interesting part and i hope he does it.
9:35 am
we've got to move on. we have four and a half minutes on this. >> we can talk about it all day long by the way that 14% cap on ownership expires after 90 days so it's not like elon musk can't go into buy more after that three-month expiration. stuart: he could resign from the board and buy what he wants to buy. >> correct. stuart: and he's got the money to do it. >> it sounds like they have been working on this for weeks with this cap of 14%. i think there's a talk, i think correct me if i'm wrong, david, but i feel like there's cooperation between elon musk and twitter. it sounds like it. >> the entire strategy is, i've got to say twitter is handling it brilliantly because musk was going to, you talk about the tweet a couple of months ago now they are trying to play nice in the sandbox. it's the sort of anti-carl icahn deal where icahn came in and got in a brawl in the boardroom and they usually lose and now musk is going to have his way with us , let's bring him on the board and talk nice about him, calm him down, and i still think he can affect changes.
9:36 am
what you want is going to happen it's going to take a while and not happen instantly. that's my prediction. >> and it's an opportunity, don't you think a market opportunity given how truth social really not lived up to expectations and hype? so twitter could theoretically come out and say we'll bring back on donald trump. stuart: we spent six minutes on elon musk and twitter. we've never spent so much time at the opening of the market as we have today and twitter right now, 53.81 up 7.5% we got time for amazon, stepping up their investments in space. are they going after spacex? >> that's right, it's all about musk really. so even bezos and musk we haven't been so friendly, they compete in a lot of things like electric vehicles and space and now, it looks like amazon, which is of course founded by jeff bezos, is looking to compete with musk's star link which is part of spacex and that's to provide low orbiting broadband internet through the satellites
9:37 am
so amazon's project, it secures 83 of these planned launches to shoot up satellites over the next five years and the rockets haven't been built yet, they are still in development, and spacex star link already way ahead so looking at 250,000 subscribers already and some would say that star link could actually be more lucrative and probably the crown jewel for spacex. i mean this could be something that's 100 times what it's worth now. stuart: musk is an extraordinary guy. >> he is. stuart: he's worth spending seven and a half minutes on. >> i think so and you should ask david bahnsen why tesla is issuing more stock to pay dividends instead of cash. stuart: susan believe me if i thought we got the time we have a hard break coming. >> and i would answer it. stuart: hold on a second look at the dow winners, chevron is up there, because oil is up today, s&p winners what's that the cruise lines are back, all over the place. >> best bookings ever last week , yeah. stuart: cruises are up. nasdaq composite, the top winner
9:38 am
there is csx i believe. >> oh, interesting. stuart: no big names on that list, again. all right, are we done with the market? yes for now, leave me we've got two and a half hours to go. whoopie goldberg insists that race is the real reason why republicans are not supporting biden's supreme court pick. watch this. >> you know, this is the most, just say i don't trust a black woman to do the job, because i know that that you all didn't have the same issues with amy co ney barrett. stuart: oh, dear, deroy murdock takes that on later in the show. hunter biden secret service detail is paying more than $30,000 a month to crash at a malibu mansion down the street from him and the taxpayers are paying for it. if you were wondering what larry kudlow thinks of elon musk becoming twitter's largest shareholder wonder no more, larry is here and believe me he's not holding back on this one. see you later.
9:39 am
♪ we gotta tell people that liberty mutual customizes car insurance so you only pay for what you need, and we gotta do it fast. [limu emu squawks] woo! new personal record, limu! only pay for what you need. ♪ liberty, liberty, liberty, liberty. ♪ ♪ ♪ we believe there's an innovator in all of us. ♪
9:40 am
that's why we build technology that makes it possible for every business... and every person... to come to the table and do more incredible things.
9:41 am
9:42 am
9:43 am
stuart: all right, twitter stock up again this morning, a gain of an extra 5%, now you're looking at $52.78 per share, larry kudlow is with us this morning. all right, larry. i think it's time to let you just have at it. musk buys big stake in twitter. i want him to reform the whole thing and i think you do too. let's go. larry: well, look. elon musk is a very interesting guy, a very brilliant guy. i had some dealings with him in the government. let me just say, i don't know if he's democrat or republican. i don't know that at all. i don't even know if he votes, but what i do know is he's in favor of free markets and free speech, and he made that very clear in recent weeks. i mean you read this stuff, free
9:44 am
speech is essential to a functioning democracy and then he had this twitter poll i think a couple million people voted. do you believe twitter rigorous ly adheres to the principle of free speech? 74% said no and then later on, he said twitter is failing to adhere to free speech principles , fundamentally undermines the democracy. so, what does that tell you? he's now the largest shareholder he's going to be activist. they just put him on the board. i think he's going to change twitter, which has suppressed all conservative thought and most recently, the most egregious thing that twitter did was they kept a hunter biden laptop out of the public view, as did a lot of other big media companies as well. that may have cost donald trump the election, because it's going to be a gigantic scandal, we're just learning more about it. so i'm just saying, elon musk to the rescue. i think elon musk is helping to save america from the far left.
9:45 am
you know, he came out against build back better, he came out strongly against build back better, and also, i don't know a few weeks ago, even though he's the biggest electric car maker and seller, he said you know what? we need more natural gas and oil we need to produce more. these are unselfish things that he's doing in the name of common sense, free speech, and free markets. the guys a hero. stuart: yeah he is a hero. he's an example of how to use a great deal of money in the best possible way to help other industries and help america. i mean, musk makes his money and puts it into spacex, the boring company for tunneling and puts it into what's the newer link for the connecting of brain to your nervous system and he's built up tesla. this is a terrific example of using vast wealth to revitalize other industries. he's going to revital revitalize twitter. good thing. larry: you are right.
9:46 am
he's going to wind up, you're so right. saving twitter, revitalizing twitter. you know, these companies that elon has created creates tens and tens and tens of thousands of new jobs. they further, in my opinion, i think yours too, they further the cause of mankind, they further middle class life is much better off because of elon musk. you know, stuart, he's like a character out of the guilded age , when you have all these brilliant entrepreneurs, you know, the carnagies, the melons , the rockefellers, they created extraordinary things, henry ford that made middle class life better and furthered the whole push of human knowledge and achievement. that's what elon is. i mean, as i said i had dealings with him in the government. he's a brilliant genius kind of guy. stuart: one thing i'd love to see is a debate between elon
9:47 am
musk and senator elizabeth warren. that i would pay good money to see. i really would: larry: well you can bet she's licking her chops, she and bernie sanders base now elon has all these unrealized capital gains that they want to tax. stuart: it'll never go through. larry: what a great idea. musk is saving america. i'm lining him up he's part of my heros and he's saving america , until the calvary gets here. stuart: we'll be watching you at 4:00 this afternoon, larry thanks for being here always appreciate it see you later. now listen to this one, amazon reportedly planning to block certain words on its new employee messaging app. lauren: take a guess. stuart: union. lauren: yes, grievance, pay raise, it's a report in the intercept, and they reported that amazon was screening such words for this employee app that they are expected to release in just a few weeks. amazon responds, they say no, no , no, we want a safe space
9:48 am
we're only filtering offensive words, and we might pull the app entirely in the end. it's just an idea, but look, such a hot button issue, on the heels of the staten island, new york amazon worker victory, voting to unionize, that was a david vs. goliath battle, david won and now goliath is worried about that raw energy, if we can do this at amazon that could spread elsewhere. stuart: they are worried. lauren: they are and that's why they were reportedly talking about not letting workers talk about unions online. stuart: all right, here is what we have coming up for us tuesday morning. remember when cookies were used to dip into your milk? now they are dipping into social issues we'll tell you about oreo 's new woke ad. new york cities mayor so riled up about florida's new education bill he's taking out billboards in florida against it. he wants floridians to go back to new york. good luck with that, your honor. ♪ i saw the sign, and it opened up my eyes i saw the sign ♪
9:49 am
group meet a future mom, a first-time mom and a seasoned pro. this mom's one step closer to their new mini-van! yeah, you'll get used to it. this mom's depositing money with tools on-hand. cha ching. and this mom, well, she's setting an appointment here, so her son can get set up there and start his own financial journey. that's because these moms all have chase. smart bankers. convenient tools. one bank with the power of both. chase. make more of what's yours. living with metastatic breast cancer means being relentless. because every day matters. and having more of them is possible with verzenio. the only one of its kind proven to help you live significantly longer when taken with fulvestrant, regardless of menopause status. verzenio + fulvestrant is for hr+,
9:50 am
her2- metastatic breast cancer that has progressed after hormone therapy. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor start an anti-diarrheal and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening lung inflammation can occur. tell your doctor about any new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include fatigue, appetite loss, stomach pain and bleeding or bruising. blood clots that can lead to death have occurred. tell your doctor if you have pain or swelling in your arms or legs, shortness of breath, chest pain, and rapid breathing or heart rate, or if you're nursing, pregnant or plan to be. every day matters. and i want more of them. ask your doctor about everyday verzenio.
9:51 am
9:52 am
if you think you have dupuytren's contracture, there's a simple test you can take—from anywhere. try to lay your hand flat against a surface. if you can't, you may have dupuytren's contracture. talk to a hand specialist about your options, including nonsurgical treatments. stuart: the mayor of new york city eric adams trying to
9:53 am
convince floridians to return to new york. lauren: [laughter] stuart: how and why? lauren: oh, yeah, well, it's a digital billboard that's how, you'll see it in tampa, west palm beach, all around florida they aim to recruit floridians back here after the florida governor signed a law prohibit ing classroom discussion on gender and sexual identity by five to 9-year-olds, mayor adams calls that demonizing of the lgbtq plus community. you ask me why, well he says come back to new york where we will teach your kids these p to ices in school. he didn't say that. that's the inference i'm making. why else would you come back here, right? if you're opposed to what they are doing in florida, right? well, you can wear a mask, keep laughing, pay high taxes, laugh more, maybe get mugged, it's a great ad campaign. i love that, no one is coming back here. no one is coming back here with that ad campaign. stuart: what do you got to say? >> i think he's trying to go
9:54 am
for the culture war because they are losing the economic side. people left because they want less tax and regulation as they figure this culture war issue can bring the left-leaning people that went to florida back and i think it's a losing endeavor and there's bigger fish to fry in new york. stuart: come back to new york, pay those taxes get mugged in the streets and oh, yes we'll have your children learn gender bending at four years of age, okay, have we got time for this? a mom in new york city confronted mayor adams over the mask mandate for toddlers. lauren: her name is danielle, she was an attorney for the city 's law department, she was an attorney, because she's been fired. here is her question to mayor adams. >> hi, mr. mayor. three weeks ago you told parents to trust you, that you would un mask our toddlers. ten days ago you stood right here and you said that the masks would come off on april 4. that has not happened. you reneged on your promise when will you unmask or toddlers? >> i also stated that we see an
9:55 am
up-tick we will come back and i'm living up to my promises if i have to pivot and shift and have other adults do something different i'm going to do so. lauren: i think we're okay, tell me if i'm wrong, with her question, his answer, and not okay with the action of her employer. the city fired her. they said not because of his confrontation but in remarks they gave to a newspaper, they said today's events, however, which include her decision to lie to city hall staff and state she was a journalist at the press conference demonstrated disturbing back of judgment and integrity. stuart: okay but the bottom line is, toddlers in new york city, are supposed to wear a mask at school. lauren: yes. stuart: that is ridiculous. am i right or what? >> it's ridiculous. it's embarrassing the only thing that matters in this story. get the masks off the toddlers. it's child abuse. stuart: you ever seen a mask that's been worn by a four- year-old all day? >> i don't want to think about
9:56 am
it. lauren: i wash one every night although yesterday was the first day my son didn't have to wear his mask to preschool. stuart: how old is he? lauren: he's three. stuart: finally released. lauren: finally and basically no one wore masks when it was optional. stuart: david, thank you very much for being here for the hour , we'll see you again real soon i hope. still ahead, tennessee senator bill haggerty, ben domenich, and 10:00 hour of "varney" is next. ..
9:57 am
trelegy for copd. [coughing] ♪ birds flyin' high, you know how i feel. ♪ ♪ breeze driftin' on by... ♪ if you've been playing down your copd,... ♪ it's a new dawn, it's a new day,... ♪ ...it's time to make a stand. start a new day with trelegy. ♪...and i'm feelin' good. ♪ no once-daily copd medicine... has the power to treat copd in as many ways as trelegy. with three medicines in one inhaler, trelegy helps people breathe easier and improves lung function. it also helps prevent future flare-ups. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. take a stand and start a new day with trelegy.
9:58 am
ask your doctor about once-daily trelegy, and save at trelegy.com. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire
9:59 am
10:00 am
♪♪ stuart: sinatra? no. dean martin. i can't even read that. that is it. good morning, every one. lauren: i can't to do that. stuart: look at the markets, dow up 100, nasdaq down 90.
10:01 am
the tenure treasury loaders 2.46% rising today. oil on the upside, one hundred $4 a barrel and bitcoin on the upside, now at 46,500. that is on bitcoin. latest read on the service sector very important. >> 58. 3 and march, it rose from february which meant the lowest in a year but it didn't expectations slightly missed expectations. for perspective we had the services sector of the economy on all cylinders, all time high, the read is 68. 4. now we are at 58.3. that's the downtrend. stuart: it had no impact on the market. didn't expect it to. lauren: 30 points. stuart: it did have some impact. the dow is up 140 points and the nasdaq is down 90. back to the twitter story.
10:02 am
the stock is up $52.81. the news today is elon musk has been appointed to twitter's board and return for appointing him to the board he will be limited to buying 14.9% of twitter stock. he owns 9. 2%. bottom line is elon musk wants to shake things up at twitter and this is how he is doing it. scott, do you think musk is a threat to the left? >> absolutely i do. he is going to try to champion free-speech. think what twitter did during the hunter biden laptop story and what it has done about shutting off our own president and letting other dictators on twitter. the left is digging up dirt on elon musk to shut him up because this is something they can't stand. that is a problem soon. unfortunately for them he speaks the truth.
10:03 am
stuart: they are trying to embrace musk and bring him on board as a way of controlling them. do you think musk does have the clout to make serious change at twitter if he wanted to? >> the guy is putting people on the moon or in space. i think absolutely has the clout to do that. she might have all the cloud in the world. unless he gets other people on board and they don't worry about him being a trojan horse, it is about culture and what those people i thinking. with the left, the social media they are in control of 100%, it is about free-speech when it comes to social media. he's trying to go in and speak the truth. he's the one that has been advocating more oil. i hope he's the guy to get it done but it's not a fair playing field.
10:04 am
stuart: he is the guy who said goodbye to california, didn't like what hundred newsom was doing. this is a man who doesn't care what people think. he says what he's going to do and does it. i am cheering on musk. if you can reform twitter and make a free-speech enterprise i take my hat off to the guy. we are out of time. we will have you back soon. the governor of new york, kathy huchul wants to ban natural gas and oil hookups in any new construction. doesn't that add to the heating bill? what is she doing it for? lauren: new york will be the first state in the nation to ban natural gas and fossil fuels in new construction when she signaled in january no later than 2027, we are waiting for the official announcement.
10:05 am
i want to read something from the wall street journal editorial board, progressives load fossil fuels but can't live without them. drive an electric car, ride a bike, the streets are paved with asphalt which is made from petroleum. it is just funny that so many politicians and so many on the progressive left are pushing this way or the highway. and how hypocritical it is because as a society it will take forever to get there. stuart: they have green dreams and we are going to pay for it. the only answer is to vote them out. if you don't agree with them vote them out. thanks very much. now this. political theater returns to capitol hill today. oil company executives have
10:06 am
been hauled before congress to answer for the crime of producing fossil fuels. the intention is clear, stick it to big oil and blame them for high gas prices. playing to the base, playing to the climate crowd which hates the oil business. every time you pay more at the pump the democrats scream price gouging, profiteering, killing the planet. you will see that on display today but the price of gas is not set by conspiracy but by supply and demand and it is obvious the supply of oil was deliberately cut by this administration. that's why the price was rising before putin's war and the administration did because that is what the climate crowd wanted. now that we have $4 gas and voters don't like it the environmentalists are trying to blame somebody else. it is not their fault. it is big oil. they will point the finger. today they will show their hostility with carefully crafted moments of outrage. it is like desperate political
10:07 am
theater. mash app with us. democrats blame big oil for high gas prices, but will voters by that? >> i don't think so. the democrats, the new socialist democrats have been running around for years with a mouthpiece like aoc and others, to to liberally increase the price of fossil fuels, with european-style motor fuel prices. think about how ironic this is. why do we have higher prices? the biden administration killed the keystone xl pipeline. that amount of product coming into america would have replaced all the imports we get from russia. at the same time president biden is talking about stepping up exports of lng through terminals to europe because he's worried about political instability of europe.
10:08 am
you can't send the product to europe when not allowing us to do more production here and if you want to lower the price of energy you think they would announce the reversal of all the executive orders that canceled all these american fossil fuel product and our partnership with canada. stuart: they don't want to understand the law of supply and demand. they have green dreams. what is former president obama doing at the white house? it's the 12th anniversary of obamacare buddies he really there to help biden's falling poll numbers or what? >> it is important to understand obama is the puppet master. he is behind the scenes advising, it is all his former senior team in the biden administration as we have a
10:09 am
diminished president, the obama is the biggest player on the democratic side. what is ironic is donald trump, another former president is the biggest player on the republican side. only one of them can run for another term. stuart: that is true. thanks for joining us this morning. the secret service using taxpayer dollars to rent out a malibu mansion down the street from hunter biden's place. how much do they pay for the mention? lauren: at least $30,000 a month but it makes sense. they need to be near hunter. he reported the paying $20,000 a month for his luxury lifestyle in malibu. it's not bad optics. it is hunter with his artwork, fetching millions of dollars. stuart: on the screen is that a
10:10 am
picture of hunter's house? >> the secret service's house. they said it was a nice gig, ocean views on the hill. stuart: back to the market, the dow is down 13 points. there are some movers. carnival cruise lines are active. lauren: they reported the last week, best booking week ever in the history of carnival. isn't that amazing? stuart: they might be breaking out of the covid doldrums. jenna rack, the generator people doing well. lauren: goldman sachs added them to the america's by list, they like their standby generators. you know what those are? i was hoping for some help. i assume it is supportable one. they say that categories in the early stages of adoption. we won the stock is up 2%. %. $3.22, starbucks down three
10:11 am
points. lauren: they were downgraded to neutral. lauren: the buyback plan suspension for howard shultz. that is the sign from management they are deciding to make some other decisions for the capital. they don't like it. might need slower growth ahead. we won elon musk is twitter app largest shareholder. what does musk plan for history billion dollar investment in twitter? google sounding the alarm over a hidden apps on your phone. it can track your location and record you without you ever knowing. soon ukrainian president zelenskyy will address the security council. he had a firsthand look at the devastation left behind by russian forces in bucha. alex hogan is on the ground in will file her report next.
10:12 am
♪ ♪ i'm the latest hashtag challenge. and everyone on social media is trying me. i'm trending so hard that “hashtag common sense” can't keep up. this is going to get tens and tens of views. ♪ ♪ ( car crashing ) ♪ ♪ but if you don't have the right auto insurance coverage, you could be left to pay for this... yourself. call a local agent or 1-888-allstate for a quote today.
10:13 am
10:14 am
at xfinity, we live and work call a local agent or 1-888-allstate in the same neighborhood as you. we're always working to keep you connected to what you love. and now, we're working to bring you the next generation of wifi. it's ultra-fast. faster than a gig.
10:15 am
supersonic wifi. only from xfinity. it can power hundreds of devices with three times the bandwidth. so your growing wifi needs will be met. supersonic wifi only from us... xfinity.
10:16 am
stuart: the dow is now down 48 and we had a real tumble on the nasdaq. we are down 1.3%. the best part of 200 points down for the nasdaq composite. we will check into that later. ukraine president zelenskyy is about to address the united nations security council. just as the european union is considering new sanctions on russia. i hear that european leaders may be going to kyiv this week.
10:17 am
>> that is the possibility, not exact be sure at what day that would take place but that is in the conversation. minutes away ukrainian president vladimir zelenskyy is set to speak at the united nations security council meeting after he saw what is taking place in bucha. showing the birdseye view of this town, 2 thirds of russian troops have left the north, visiting the town calling it genocide and saying it will not be forgotten. >> who of their fellow citizens are killed. we will establish all of this and make it known globally. >> world leaders are condemning the violent site slapping russia with further sanctions and expelling the russian
10:18 am
diplomats. president biden responded to these gruesome images you see like rescue teams, one after the other, carrying innocent civilians away in body bags. >> president biden: he is a war criminal. we have together the information and provide ukraine with the weapons they need to continue the fight and gather the details to have a war crimes trial. this guy is brutal. >> reporter: ukrainian officials morning conditions in harder hit cities and towns are likely more desperate. a possible chemical weapons attack by russia, president biden is calling for war crimes trial against vladimir putin but the concern is what would that mean? the likelihood of russia partaking in any such trial is very slim considering the fact that russia continually denies
10:19 am
these accusations of what is taking place in these images that all this is being done by ukraine and this is a false flag and ukrainian propaganda. stuart: thank you very much, the ukrainian mother, last time we spoke you were hiding in a bomb shelter with your children. where are you now? how are the children doing and what is going on around you? >> i haven't spent the night at home yet. it is so dangerous. russia attacked kyiv, to the territory of belarus. they keep doing this. we try to protect -- from time to time, retail is falling. stuart: i know your situation.
10:20 am
>> one of them was recently, this is in the shelter hiding from that. stuart: how much food have you got left? >> no trouble. the only problems, the sky is protected and ukrainian army can destroy the source of it. stuart: have you been outside the bomb shelter and seen what it is like on the streets of kyiv? >> i've been outside with children. i've been to the supermarket. we came home to take a shower. and understand, and will be a
10:21 am
life. stuart: the last time we spoke to you your husband was away and fighting. have you heard from your husband? >> we keep in touch. he is on duty. stuart: thank you very much for being with us, we are glad to see that you have food and sympathize with you in a bomb shelter for two weeks. hope to see you again soon. the white house is warning of a potential russian military blitz. when attacked by the nazis in world war ii it was a blitz. where are they expecting it in ukraine? lauren: away for russia to create this narrative of success. let's hear from jake sullivan.
10:22 am
>> russia is revising its war aims, repositioning its forces to concentrate its offense of operations in eastern and parts of southern ukraine rather than target most of the territory. lauren: don't be fooled, that is what the officials say. across the country they might get more brutal, in the donbas region where they had russian separatist. stuart: google is warning users of a hidden apps that strangers open your camera can record your audio without you knowing. i don't like the sound of that. lauren: they can blackmail you in the snaggle. and android apps called process manager, no insured how it is installed but you know how you grab access, and to do that
10:23 am
blindly and if you do that and don't realize this apps can track you and record what you are doing and use it against you. experts say this show the hallmarks of russian hackers. that's the problem. stuart: on market has turned south after comments from fed governor who is suggesting the federal reserve stop printing money soon. down goes the dow, the nasdaq is tumbling. that is down 200 points and it is comments from the federal reserve, all of a sudden. a mom confronted new york city's mayor over mask mandate for toddlers. that woman has been fired from her city job. we have the story for you. the fda says covid vaccines may need to change to ensure higher levels of protection.
10:24 am
does this mean every time there' s a new variant you get a new shot? doctor marc siegel takes it on next. new projects means new project managers.
10:25 am
you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. emx, the royalty generator - building shareholder value whose resumes on indeed through royalty creation and acquisition. get global exposure from rising gold, silver, copper and battery metals prices with significantly less risk. emx royalty
10:26 am
10:27 am
10:28 am
stuart: what upset the market? the nasdaq is down 200 points. it was comments from the fed governor lyle brainard that set the fed down. she wants a faster balance sheet reduction. she wants the federal reserve to stop printing money now. she also says inflation is much too high. the yield on the 10 year treasury went up to 2.5%. big tech selling off, the nasdaq selling off, the whole market is on the downside. couple comments. unitedhealth is moving up. lauren: president obama will meet at the white house.
10:29 am
last january of 2021, they extended this merger, change up 7% today. stuart: a down market is down 2%. lauren: they say this expansion is not backed off of fundamentals and shares are susceptible to significant rating. it it is down 3%. they have a tie up with honda to develop affordable electric vehicles the cost under $30,000, at the earliest. 7000 additional charging stations. good luck trying to find a convenient station. stuart: i want to get to this story. mayor adams's assistance the toddlers wear masks.
10:30 am
following the interaction by the two the latest issue is she was fired. david lee miller has the story. >> new york city mom has a long history of speaking out against the city's mask mandate, she went too far, misrepresenting herself to confront the policies, she was told she was fired from her job as assistant counsel for the city. she questioned why he decided to keep in place a mask mandate for kids, and and -- >> >> go ahead and finish. got to come to a conclusion.
10:31 am
lauren: >> about her termination. question her integrity and accusing her of other inappropriate behavior. she made troubling claims about her work at the city law department based on those statements. according to the new york post the decision was made on friday, tweeting chris's about the mask mandate and described her job is defending cops who lie in court, teachers who molest, prison guards who beat inmates. that tweet was deleted. in a tweet addressing her termination, she wrote my statement is i am retaining counsel and will not litigate in the press. the controversy over masking kids continues. a hearing is scheduled for next week. stuart: what a story. thanks very much. doc siegel is with us.
10:32 am
on the right-hand side of the screen. what is your take on kids under 5 forced to wear masks? >> what is the debate about? there is very little covid in new york city. secondly almost no one in the hospital. the case was occasionally spread under oh 3-year-old or 4-year-old it is occasional and not leading to severe disease almost none of the time. thoroughly, have you ever seen them struggle to wear a mask? i've never seen one where it properly. not one. fourth, it interferes with socialization, learning languages. there is no sense of this whatsoever while kyree irving and basketball players were allowed to go mask 3 and people can now pour across the board without masks, and unvaccinated, such hypocrisy to all of this. it is ridiculous that it is continuing.
10:33 am
at this point especially with no cases around, hardly any. stuart: young children are the least vulnerable of all. the important story, the fda says covid vaccines may need to change to ensure higher levels of protection. does that mean every time there's a new variant, we nita vaccine so we need a new shot like a flu shot every year? is that what we are in for? >> that's a really smart question. the question is they are not telling you this. they are not telling you this, that we are coming close to second generation vaccines already, that we won't have vaccine but covers most if not all variants. even the know vivax vaccine which is hung up in the starting gate and may get approved.
10:34 am
that last longer than the mrna vaccines. the idea we are selling a booster every 3 or 4 or 6 months is for now and even then, completely miss message at this, you heard the president miss message this. the fourth shot is only for people at high risk, people who may have high-traffic, or may themselves be elderly, much older than you at high risk symptoms like obesity or other medical issues or immunocompromised. not every buddy over 50 needs the fourth shot. that messaging turns people off. stuart: quick question. some people say i don't want to take this vaccines because the mrna vaccine changes your immune system, alters your personal immune system. is that accurate? >> i don't believe that. i think vaccines have evolved in a positive direction. the mrna is in your body for
10:35 am
two days similar to what your own body makes thousands of them a day, signal certain cells to make parts of the protein and the virus, does it cleanly. i think it is safe. it has been given 300 million shots already. there are side effects and they shouldn't downplay the side effects but i do not believe in any way that it alters your body chemistry or genetics, no way. we won the emphatic doctor marc siegel. see you again soon. we are still on the mask subject. vice president harris under fire for these photos, she was visiting a school in dc. she was maskless, the kids are masked. take me through. lauren: this was a moment for her to engage that turned awkward and it turned awkward because the kids were in masks. it is optional, they don't have to wear masks but most of them were. the teachers are not. kamala harris is not and why was she they are? there? to tout the white house's clean energy plan.
10:36 am
that entry school will be upgraded with energy efficient facilities and transportation, it is perfectly on point for democrats messaging. go green at all costs, keep the kids in masks, perfect. we won do you think the democrats insist that we all wear masks? are they are authoritarians? because i do. lauren: i don't think all of them but if that is your platform and you are around students and say students are vulnerable especially young ones that can't be vaccinated you should wear a mask. that fits the narrative better. stuart: you don't want toddlers to wear masks. lauren: i think it is the parents choice. if you have a grandparent who lives with you and want to keep the grandparent safe, if you want your child to wear a mask nobody should be forced. stuart: optional to wear masks for your children. lauren: my other one became optional yesterday. stuart: if it was optional yesterday, how many children
10:37 am
chose to wear a mask? lauren: i asked some of the mothers. out of a class of 15, three students had masks on, the teachers did not. i will ask again today. the first day, everyone was nervous, do we wear the mask or not? they wore masks on day one. stuart: i know it. lauren: no one in my oldest class wears a mask. stuart: more migrants getting bussed into taxis. and secretly flown to cities across the country and it is all on your taxpayer dime. president biden praising his own work to get more truck drivers on the road. >> president biden: we have begun to turn things around. in 2,020 one, the best year for trucking employment since 1994. stuart: art laffer is an economic adviser to president reagan back in the day.
10:38 am
i will ask if he thinks biden's victory lap is legit. art is next. ♪♪ this isn't dry food or wet food. it's not burnt brown pellets. the farmer's dog makes it simple to feed your dog real food. it's real meat and veggies. freshly-made. developed with vets. delivered right to your door.
10:39 am
that's why dog lovers are choosing the farmer's dog. a smarter, healthier pet food. delivered. visit tryfarmersdog.com and get 50% off your first box of food. (vo) for me, one of the best things about life is that visit tryfarmersdog.com we keep moving forward. we discover exciting new technologies. redefine who we are and how we want to lead our lives. basically, choose what we want our future to look like. so what's yours going to be?
10:40 am
10:41 am
10:42 am
stuart: we have a lot of red ink especially for the nasdaq. comments about inflation being too high and the yield on the 10 year treasury going above 250, that sent the nasdaq plunging but it is down 1.5%, significant selloff in the nasdaq. president biden has done a great job boosting employment in the trucking industry. >> president biden: since we talk office we began to turn things around. in 2021, the best year for trucking employment since 1994.
10:43 am
35,000 more trucking jobs than there were before the pandemic. stuart: look who is here. art laffer, do you think the president has effectively addressed the supply chain crisis? >> no, he has not. he has a series of problems on his hands but that interview, i used to be a truck driver, reminded me of popcorn. they need to address this quickly. if they are going to do anything. inflation is the issue. stuart: do you see inflation picking up? or trending down? >> i don't see -- one hundred $80 million of oil, the price of oil dropped below a hundred but it popped up above 100 and having almost no effect on long-term oil prices.
10:44 am
i don't think -- i think inflation is a real problem for the next for 5 months for which we have a lot of information. it will still be a problem. we don't have good information on that yet and i expect inflation to continue rising and the monetary basis going up number producers price index above the consumer price index and the numbers dropping off the consumer price, not the highest in the bunch. it looks like the consumer price index can stay high. stuart: rising inflation, consumer prices stay at these lofty levels i presume that will slow the economy. will we have a recession? will we have stagnation and inflation, stagflation? >> employment is not showing recession level in the normal terms, high unemployment rate, the last number is substantial, 400 for the one thousand jobs
10:45 am
that is 430 one thousand jobs but the participation rate is low. this is the long-term stand that we haven't come back up yet to where we were pre-pandemic and you look at gdp growth, is below where it would have been had it been on trend. we've not made up for the covid 19 pandemic and it doesn't look from the numbers we are ever going to make it up and that's the problem. whether is recession it won't be recession in the usual sense. it will be a long period of slow growth which is devastating, what happened in japan, that's not what we want in this country. stuart: that is a pretty grim outlook. are we going to go back to the 1970s and 80s? is that that kind of situation? >> i think it will be that. what i see in president biden is the anti-reagan. president biden makes war on oil. ronald reagan deregulated oil.
10:46 am
ronald reagan cut the minimum wage dramatically during twee 8 years in office, biden wants teresa, biden wants to raise tax rates, reagan increased defense spending, biden wants to cut it. reagan cut nondefense spending a share of gdp, biden sent it through the roof, biden is very prounion, reagan fired the air traffic controllers unions, declined dramatically, i could go on and on. he is literally the anti-reagan. if you play reagan backwards all you do is get low participation rates and high inflation and the bad economy and i am afraid that is what we have with president biden. stuart: welcome back to the show, sorry the message -- isn't more uplifting. >> i love being on your show and want to be smiley and good but when i look at ukraine -- stuart: you are good man. don't care what they say.
10:47 am
president zelenskyy addressing the security council right now. we will monitor it and bring you headlines the come out of that. consumers hit by soaring costs for everything from gas -- now apparently they are changing their spending habits. how is this changing? ashley: they are changing. researchers show they are buying staples in smaller quantities switching to cheaper store brand names in hunting harder than ever for those deals. the shift especially pronounced among lower income consumers who splurged on household products at the height of the pandemic. shoppers are starting to ditch $7 a bottle tide detergent, for $2.50 at the dollar general. sales have begun to follow his
10:48 am
people are buying mainstays. volume sales of cereal down 7. 2% while% while cleaning products have fallen by 5%. research shows as prices surge groceries are one of the first places consumers look to to cut back on. we are seeing that. stuart: i'm going back to wonder bread. not. i used to be fat. lauren: good white bread. stuart: thanks. how about this? the favorite companies ago woke, we will show you how oreo is pushing lgbt q plus ideology and its new ad. mayor eric adams back in the news in new york city. she wants new yorkers to come back to new york from florida and is doing it by going after florida's parental rights law. guaranteed we will be all over it next.
10:49 am
♪♪ my sister's managing a lot, including her type 2 diabetes. but she's found new ways to stay on top of it all. once-weekly trulicity is proven to help lower a1c and it can help you lose up to 10 pounds. trulicity is for type 2 diabetes. it isn't for people with type 1 diabetes. it's not approved for use in children. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. serious side effects may include pancreatitis. taking trulicity with sulfonylurea or insulin raises low blood sugar risk.
10:50 am
side effects include nausea, vomiting, and diarrhea, which can lead to dehydration, and may worsen kidney problems. ask your doctor about once-weekly trulicity.
10:51 am
if you're a small business, there are lots of choices when it comes to your internet and technology needs. but when you choose comcast business internet, you choose the largest, fastest reliable network. you choose advanced security for total peace of mind. and you choose fiber solutions with speeds up to 10 gigs to the most small businesses. that's virtually everywhere we serve. the choice is clear: make your business future ready with the network from the most innovative company. comcast business. powering possibilities™.
10:52 am
stuart: oreo cookies, the latest brand to join the
10:53 am
growing list of woke corporations. what are they doing? ashley: a new -- celebrant to young man coming out as gay to his extended family. and parted says, got doesn't happen just once. it's a journey that needs love encourage every step of the way. the commercial is cosponsored by coparents and friends of lesbians and gays, the video is 2 and a half men it's long and very few oreos are eaten during the commercial but is the latest addition to oreo's pride campaign that began in 2012. stuart: the mayor of new york america adams calling out florida's parental rights bill. you've got the story, the mayor is trying to recruit floridians to move back to new york because of the parental rights bill.
10:54 am
i don't see it happening. ashley: it seems a desperate attempt to lure ask new yorkers back. mayor adams is launching a digital billboard campaign with messages like come to the city where you can say whatever you want. all i have to say is donald trump and people go crazy. people say a lot of ridiculous things in new york, don't say gay isn't one of them. the billboards will be seen in fort lauderdale, jacksonville, orlando, tampa, west palm beach until the end of may. may be these billboards should say come to new york city, we are cutting taxes like crazy, we decided to become business friendly. just the freedom to live your life. that would never happen and it wouldn't work anyway. apart from the weather the average price of a home in new york city, $746,000 compared to florida's $356,000. as for taxes, florida has 0% income tax, new york state
10:55 am
imposes 4% to 10.9% plus new york city taxes can be thrown in for an additional nearly 3.9% and new york ranks number one for overall highest tax burden of 12%, florida comes in 45th. no matter what the billboards say, ask new yorkers will remain just that. we when you really laid it on thick. i don't blame you. wait a minute. there is one more. universities in florida got the green light to ask students their political beliefs. is that correct? ashley: florida governor desantis requires florida board of education to conduct an annual assessment, intellectual freedom and diversity viewpoints. essentially it is aiming to ensure all competing ideas and police can be freely expressed on campus as long as you are liberal and progressive. questions include whether students agree or agree their
10:56 am
professors or course instructors use class time to express their own social political beliefs without objectively discussing opposing social political elites, 9 professors filed a lawsuit claiming they would silence their political speech, the judge refused, through it out. the survey is online, anonymous, voluntary. stuart: oh geez. i just want to know how many liberals are in the faculty lounge every day, 99%. ashley: at least. blue when you are good today. tennessee senator bill haggerty, jonathan morris and d roy murdoch, the 11:00 hour of varney coming up next. ♪♪ ♪ ♪ we all need a rock we can rely on. to be strong. to overcome anything.
10:57 am
♪ ♪ to be... unstoppable. that's why the world's largest companies and over 30 million people rely on prudential's retirement and workplace benefits. who's your rock?
10:58 am
..
10:59 am
11:00 am
>> we need to do much more, listen to the ukrainians on what they need and put forward a winning strategy. what we need now is a paradigm shift to have a winning strategy. to me that means many more weapons and more quickly tightening the sanctions, intel sharing including in the east and getting american energy to our allies. >> elon musk to the rescue. i think elana musk is helping to save america from the far
11:01 am
left, i think the guy is a hero. >> tremendous amount of power. i imagine he will want to make changes and play nice. it will be fun to watch it happen. if he is serious about free speech and this is a great day for twitter in america. >> picking up dirt on elon musk, he will be a very big problem for them. ♪♪ you know you make me want to shout ♪♪ shout ♪♪ for my hands up and shout ♪♪ throw my head back and shout ♪♪ come on now stuart: 11:00 eastern time. check the markets please. stocks on the downside especially the nasdaq composite, 200 points. lyle brainard says inflation is too high and she wants to stop the fed printing money quickly so that we don't make inflation worse. the result of that was to cause the yield on the 10 year treasury to go all the way up to 2.53%.
11:02 am
when the yield goes up like that big tech sells often that is happening now. microsoft, apple, alphabet, amazon, meta platforms all on the downside. now this. florida is a real standout. it lacks its covid ruled early in the economy boomed. it open schools and the kids thrived. it supported parents, so number your macs don't have their gender questioned at school. you go to florida today and you will feel the exciting bows of estate on the move. california was like that 50 years ago when i arrived in america. wide open and dynamic. high prices, never-ending covid restrictions dictated by and out of touch political elite. more than anything the pandemic show the difference. florida with a republican governor opened up quickly. ron disinterested like mask and
11:03 am
vaccination mandates, wanted to give people their freedom back, he was sharply criticized and plowed ahead and was proven right. in california the democrat governor embarrassed himself and his covid program by getting caught unmasked at a fancy restaurant with healthcare lobbies. the schools in los angeles have ceased to educate and people are leaving the state in droves. california can no longer be called the future. that island my opinion should go to florida. third hour of varney starts now. then dominic joins us now. is florida the way of the future and california the way of the past? >> i think you are dead on. the truth is you have this contrast here with the way we
11:04 am
used to view california, the wave of the future type thing is all old news now and it is not true anymore. a big part of that is the partisanship of leadership the state has had for so long. you have a smart independent thinker like michael shellenberger who is currently running for governor. he may not win but is sounding the right notes when it comes to how long the green agenda has been pursued within state policy and the like, and is offered new ideas about ways to address the problems of homelessness and addiction that have plagued the streets of major cities in california but the truth is he is up against an enormous goliath and a democratic machine that doesn't want to change any of the approaches they are using and fueled by teachers unions and other organizations that don't want to question the mistakes they have made in the recent past. stuart: a sad story because california has come down many notches since i lived there. >> it would be nice to see it
11:05 am
get back to where it was. stuart: ukraine's president zelenskyy just spoke to united nations security council. >> the massacre in our city of bucha is the only one of many examples of what the occupiers have been doing on our land for the past 41 days. russia's leadership feels like colonizers in asian times, they need our wells come our people. russia wants to turn ukraine into silent slaves. we when he said the world has yet to see what russia has done. i think that will have a powerful impact on the united nations and on america. do you think it is america's policy to win this war as opposed to make these real fast. >> the only way you can achieve a piece is going to be long
11:06 am
term, meaning one where russia does not hold enormous swaths of landing ukraine where it could restart the conflict at any time according to its purposes is to beat them backward. that requires the heavy weaponry that ukraine has been requesting from the west for more than a month now. they need to push the russians back to the negotiation table with any opportunity to achieve a long-term peace and because that is what we want, we need to give them that support. it may feel like escalation but it isn't. a war of defense is not escalatory and you need to have the russians back on their healed, coming to a negotiated peace in the last -- stuart: do you see any way putin has been tried for war crimes? >> i have a hard time seeing that but i see him boxed in so many ways. it is very difficult to predict how this could go forward if he
11:07 am
decides to continue down this path of using the most egregious kind of anti-civilian material and approach strategy that we have seen in this part of europe in a very long time. it is truly disturbing stuff. in order to get that kind of backlash there would have to be a much wider swath of the security council as long as russia has a close relationship with china that would be difficult to achieve. stuart: see you again soon. back to one of the most intriguing stories. elon musk and twitter. you know the late news. he's been appointed to the board of directors, allowed to buy 14.9% of the stock. it seems like twitter is embracing their enemy, bringing him in close.
11:08 am
maybe to limit his ability to make changes at twitter. what do you say? >> it is interesting but he did, he took a 10% stake, made a billion on that position and profits on paper but right now the twitter ceo and board is bringing him on board and allowing him to make the changes they need that would be better for the company and when you look at that, what elon musk is pushing for is free-speech, pushing for an open platform, whether you are on the left or the right which is what -- the from elon musk will be long-term positive for the company. stuart: twitter doesn't want to give him that level of change. they are all about censorship, they kept trump off their platform for years. >> the opening for trump to get back on the platform. when you talk about leftist or
11:09 am
socialists, they want what is best for them ultimately. if they can profit from this they will look to do that. if you're a shareholder on twitter, regardless of your politics, they silenced the opposition for a long time. the writing is on the wall that free-speech is going to prevail and elon musk is driving that forward. stuart: what i like to see is very wealthy people putting their money into a different industry and revitalizing a different industry. musk has done it with the space business, the tunneling business and what is the other one? that connection and now he is revitalizing twitter. arguably he's improving twitter with his money. >> he said he wanted to have a new social media site. is that twitter? is that it? i am of the belief that everyone should be able to put their opinion on twitter and
11:10 am
you have a right to like it or dislike or agree or disagree. a when you think he will eventually buy full control? it will cost $40 billion. he can't do do it immediately but in a couple months he would be able to do it. >> i think he will not. the board seat will give him enough influence and sway that hopefully it will get him to position where he can open the platform the way he wants to and you may see donald trump back on. we want wouldn't you give an arm and a leg to be on the fly on the wall watching his first board meeting. i wonder if he will -- >> even go to a board meeting. stuart: maybe he would go make some headlines and make a few waves. you are all right, thanks for joining us, see you again soon. looking -- peloton is moving. lauren: a new product, i will give you the price tag, $295,
11:11 am
that was a 40% haircut from when it was announced last year. they don't have the buzz or the business, the first product launch for their new ceo. stuart: in the wars, next is open-door. lauren: a real estate tech company flipping homes in and around new york city. investors are questioning the business model in this type of housing market as rates go up. open-door uses technology to find homes, at market value, flip them. don't know how profitable that is in a slowing economy. stuart: didn't zillah have a hard time drying that? lauren: the online used car retailer, they were cut to set to perform and they say they
11:12 am
are spending money to expand, keep up the demand. three companies that were hot during the pandemic. stuart: thank you. two top executives resigned from trump's social media site. we have the report on the shakeup at truth social. whoopi goldberg has a theory why republicans don't support judge ketanji brown jackson. >> just say i don't trust a black woman to do the job because i know you didn't have these same issues with amy coheny barrett. blue what i wonder what the roy murdoch has to say about that. taxpayer dollars used to transport migrants on buses, planes and taxes, move them out into the country from the border, the border report is next. it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off.
11:13 am
you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪
11:14 am
11:15 am
11:16 am
11:17 am
stuart: fox news has learned the feds are busting more migrants into brownsville and texas. from there they screwed the fly them to cities all across the country. tell me more, ashley. ashley: and operation the administration is trying to hide from prying eyes but fox news learning numerous buses scheduled to arrive in brownsville, texas. on board those buses which are paid for by federal funds, many single male migrants will be taken by taxi and flown to various cities across the country. last time this happened many migrants arrived wearing ankle
11:18 am
bracelets indicating they were previously processed into a jail and were being tracked by law enforcement, 628 buses arrive every day and make those transfers to the waiting taxis. we now know the biden administration ended the pandemic rules, we can expect to see more sequence migrant flights fanning out from the southern border. under the trump administration they stay in mexico. not now. they can simply disappear into the united states. stuart: thanks very much. senator bill haggerty, republican from the state of tennessee joins me now. you just returned from the southern border. what did the border patrol tell you about the coming surge of migrants when we drop title 42? >> i took a group of tennessee sheriff's, tennessee mayors down to the border and they see what is happening in the home state. the move of migrants in the
11:19 am
dark of night, the drug flow but when i was down there we started friday, spent 3 days underground and friday night the leadership brings border patrol agents together. they explained vote president biden is going to lift title 42, the last tool border agents have to turn back the tide of people flooding across the border. you can feel the wave of depression settling across the room. very dejected at this because on may 23rd president biden sent an open invitation, there will be a tidal wave of human immigration coming across the border. i'm certain the ccp and cartels are ramping up drug production to all time high levels, they are killing our kids in america, moving these people all over the united states and turning every town into a border town. blue one do you have any say in the migrants who come into the country and go to tennessee. do you know who they are? how many are coming?
11:20 am
>> at the outset of this, the first time it was uncovered they were moving these migrants quietly and surreptitiously happened in my home state of tennessee and chattanooga and knoxville, senator blackburn and i immediately reached out to the secretaries of health and human services to demand they let us know who is coming. our schools know what to expect in adding capacity and the burden that will hit the. law enforcement officers need to know what is coming. they will not comply. they are doing this in secret. this is creating issues that we get dealt with across the united states. they are taxing the system and refuse to let us know what is happening. if my democrat colleagues have been with me, i can't believe they would tolerate what is happening there. stuart: we are told that 18,000 a day will be coming across when they lift title 42. has border patrol made a statement what they are going to do when that surge arrives?
11:21 am
>> reporter: it is so depressing. the capacity at the border is processing 5,000 people a day. they are already at 7 to 8000 meaning they are pulling frontline border patrol officers, bringing them back doing administered of duty, the border is getting more porous, opening more holes to put high, high value dangerous individuals and more drugs. when they go to 18,000 it will collapse. nothing but processing, nothing to defend our border, we will be vulnerable and the national security crisis that i saw, over the past year we have encountered 157 different nationalities crossing the border. there only 195 countries recognized by the un. 157 have been apprehended just since president biden took office. this is a national security crisis beyond proportion. stuart: i am told hundreds of ukrainian refugees are arriving at the southern border. should they get so special
11:22 am
status to enter america? >> the status is determined to the cartel. they have taken charge of the entire mexican border along the rio grande, charge different prices depending what country people are coming from, then if you're coming from mexico. the ukrainians, they are moving in. the cartels are smart, they know that the entire world is watching what happens with the ukrainians and don't want to bring about a public relations disaster. these are multibillion-dollar cartels who work in partnership with the chinese communist party. that is their business. they use humans as a way to distract and diverge order security. they won't let humanitarian crisis in ukraine and the security the goes with that get in the way of business. they are letting ukrainians move freely as opposed to everybody else which is tax them, put them in human sex trafficking trades and use them as a means to move illicit
11:23 am
drugs across the border. stuart: i think you have revealed how bad it is and how bad it is going to get. back to the markets. the same situation here, the nasdaq composite taking it on the chin. it is down 200 points as interest rates rise, the 10 year treasury 253, nasdaq doesn't like that. a look look at netflix, they are down today, added a new short movies category. it allows you to find movies around 90 minutes in runtime inspired by an snl sketch that propose the idea. i'm all in favor. i have a short attention span. donald trump's truth social down again. two topics are it is resigned. did those executives say why they are leaving? ashley: they did not. they haven't said a lot but it is the latest setback for donald trump's social media platform, josh adams, chief of
11:24 am
product development resigned, the chief leader officer has quit. stock has fallen and hasn't been held by the news that chesler's ceo elon musk has become the largest outside shareholder, truth social apps was released in the apple apps store february 20th and became the most downloaded free apps but now is listed outside the top 200. potential users of the platform are containing it has largely been unusable with long wait times to gain access. another problem, there is an apps for iphones but no apps for android phones which makes up 40% of the us market. the demand is there but they have to get the system to work properly. stuart: you will be interested in this. tiger woods says i feel like i'm going to play in the masters. i know you are an athlete big into golf.
11:25 am
how about this? airbnb has banned operations in russia and belarus. guests cannot book rooms in those countries until further notice. the white house is trying to make it harder for charter schools to get federal grants. the roy murdoch says democrats are waging war on charters. i will talk to him about that 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.
11:26 am
♪ ♪ ms. hogan's class? yeah, it's atlantis. nice. i don't think they had camels in atlantis. really? today she's a teammate at truist, the bank that starts with care when you start with care, you get a different kind of bank. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire
11:27 am
11:28 am
11:29 am
lauren: a grammy winner. stuart: good voice. stuart: the white house is getting ready for a wedding. the first lady announced the bidens, the wedding is scheduled for november 19th. let's check the markets, reading for the nasdaq. we are down now 217 points, the low of the day.
11:30 am
lauren: stocks are down. lauren: let's look at the look at of impact on the stock market and the elon musk affect. if you are shareholder the best three day stretch for twitter stocks, up 35% in the past three days because of elon musk. twitter doesn't have that long history. it went public in 2013. twitter's ceo tweeting i'm excited to share that we are appointing elon musk to the board through conversations with elon in recent weeks. it became clear that it would be great value to the board. working to the twitter board to make significant improvements in twitter.
11:31 am
jack dorsey tweeting his approval rating i'm really happy heat elon is joining the twitter board, he cares about the world and twitter's world in it. march 14, '90% purchase already more than $1 billion. stuart: musk says he's waiting to make improvements. and welcomed on board by jack dorsey. lauren: doesn't have much stake in twitter. he made it into a censorship vehicle. you think you want webster change twitter so it is no longer centering conservatives? lauren: given how he was tweet treated on his exit as the company founded, jack dorsey and elon musk might be friends, they cooperate and degree when it comes to crypto currency.
11:32 am
if you want to look at activism, look what happened with elliott management, tough guys on wall street, they want to 9% stake, twitter reproduced did that. they got a board seat and kicked out, forced jack dorsey to leave, they focused on one company. we would wonder if musk will kick somebody out. susan: there's been a lot of talk about where he would change policy and allow donald trump to come back to the platform which a lot of people are supporting on social media and pushing that to happen. and a public forum. elon musk is the richest man. twitter state factors into its total fortune. 3 quarters is tied up in chesler. space x, $40 billion holding
11:33 am
for him. the company is worth $101 million. the twitter surge we see in the last 3 days, look at dogeecoin it is up 25% for the past session. stuart: he is a serial entrepreneur and brilliant. susan: now you say that. that's not what you said a few years ago. but when you are successful people change their mind. stuart: in march congress approved $440 million for a program that helps pay for charter school startups. a day later the white house proposed new rules for charters, those rules were discourage them from applying for federal grants. i will come right out with it. i think this is outrageous. the public schools have failed,
11:34 am
the charter schools are a success and the administration in bed with the teachers union tries to suppress the successful charge. that is outrageous. what do you say a? >> it is outrageous and biden is being a bully to charter schools, they have flaming hoops to hop through to get this money to start or continue charter schools, they've got to find partners among traditional schools to engage in certain to buddies are get these grants, come up with lists of people who are involved in these activities and layout they are responsible decent organizational charts and all throughout the proposed regulation over and over all sorts of schemes to calculate the makeup of the school, what the impact will be on school districts before and after and give you i sense what the priorities are. the diversity appeared 24 times, demographic 14,
11:35 am
achievement 6, excellent screenwriting, arithmetic 0. reading and writing, excellent, lots of emphasis on demographics and that sort of thing. part of the same thing you see across -- stuart: a race obsession permeating everything. i can't believe the minority community in our big cities is going to approve of this because i thought minorities were flocking to charter schools because they were successful and they wanted their kids educated. can't believe this goes down well with voters. >> 70% of kids in charter schools, the idea there is a weitzer process plot is garbage and another thing they did is very sneaky, normally they have a new regulation, you have 60 or 90 days to comment, they limited the comments period to 30 days starting a week from tomorrow on april 13th and the publiccharters, look for the take action button and they can
11:36 am
comment there and let president biden know what you think of these new regulations, limits on helping minority kids expand their minds. stuart: i want you to listen to whoopi goldberg who says republicans don't support ketanji brown jackson, roll tape. get your comment. >> just say i don't trust a black woman to do the job because i know you didn't have these same issues with amy coheny barrett, you didn't ask those questions. i know what this is. we all know what it is. we know what it is. we recognize it. we are used to this. stuart: it is your turn. have at it. >> this is race hustling nonsense on the part of whoopi goldberg. most conservatives -- he would be elected president overwhelmingly, nothing to do with race, but the fact judge ketanji brown jackson is a very
11:37 am
left-wing vote record and seems to have a soft spot for child pornographers, child pornographers came through her courtroom and in each case she sentenced them to time in jail lower than the sentencing guidelines required. prosecutors want to 27 months, should give the person 3 months, who knows what her thinking is on this but that's very suspicious and people have an ideological opposition to her being a woman or black, whoopi goldberg, differences overfocus on a racial matter. stuart: race isn't everything. >> not everything. thank you very much. stuart: basketball champs jayhawks, why are so many people in houston in texas? why are they celebrating? we will ask plane. tiger woods announced he will be playing in the masters. he made her a markable return 13 months after a devastating
11:38 am
car crash. the report from augusta next. ♪♪ every year we try to exercise more, to be more social, to just relax. and eating healthy every single meal? if only it was this easy for us.
11:39 am
11:40 am
11:41 am
11:42 am
♪♪ on top of the world ♪♪ stuart: you are looking at pittsburgh kansas, 60 degrees. °. dollar kansas is celebrating after the jayhawks big win in the college basket ball championships. let's bring in ashley webster. historic night last night. do we have the play-by-play? ashley: yes, this was a fascinating game, march madness in the books. the national champs,
11:43 am
congratulations to the one who picked them, kansas scored the first 7 points, they came roaring back rattling up 16 unanswered points leading kansas trailing by 15 points at the half, what odds could you have gotten at that point? second half is a different story, the jayhawks taking control and winning the game 72-69. here's an interesting stat. ncaa tournament history, of the 460 one teams who were down by 15 points or more at halftime, only 9 went on to win the game. 452 went on to lose. that shows you how they turned the game around. stuart: do you have the story of the texas furniture store owner, mattress mac, places a huge bet, he won millions last night. how much? ashley: how about $50 million.
11:44 am
that's a lot of mattresses. put down various bets surrounding the ncaa tournament wagering $8.8 million to win it all. the bets were a hedge against his furniture store promotion. of kansas won the title he was offering a refund on any purchase of $3000 or more on american-made furniture or mattresses as long as the mattress -- the mattress was bought before the title game, before the jayhawks came through, he experienced a rough 6 months in the sports betting world, the nfl and college football player, he lost 15 points, $4 million on gambling. another bridge everything in texas is done bigger than everywhere else. stuart: that is the truth. here is a headline. tiger woods will play in the masters. steve harrigan is in augusta.
11:45 am
tiger thinks he can win? >> reporter: he really does. he just said so a few minutes ago. tiger woods had a press conference, he said he wouldn't be here unless he thought he could win. this comes 25 years after his initial win and there was a real test, 14 months, he was laid up pretty much with pins and surgeries on his right leg, he had a single car crash 14 months ago, there were concerns he wouldn't be able to walk, concerns about amputating his right leg. he's preparing to play the best golfers in the world and possibly win, he said. and his playing partner, practice partner, said woods's game looks excellent. >> what impresses me the most is he was bombing it. if you want to talk golf he was bombing it. and 72 holes he will contend. he's too good. >> reporter: woods said the challenge would not be the golf
11:46 am
but walking, this is a hilly course. it comes 25 years after he won his first time as a pro when he beat the field by 12 shots dominating the entire field and changing the way golf courses are designed. stuart: i was there 25 years ago at the masters when tiger won by 12 strokes. you are all right, see you again soon. back to the markets. show you the dow 30. the market is a mixed bag. we have a little more than half sold in the red, under half or in the green, that's not much of a description. the dow is down 46 points. pope francis criticizing the war in ukraine calling it savage. this pope is not afraid to get political. theologian jonathan morris joins us next.
11:47 am
11:48 am
11:49 am
11:50 am
stuart: airbnb, the latest to take action against russia.
11:51 am
ashley: they are suspending operations in russia and belarus saying reservations on or after april 4th have been canceled. market research shows airbnb has close to 100,000 short-term rentals available across both those countries, the ban extends to anyone in russia or belarus trying to make any bookings. in another development, the us has prevented the russian government from paying holders of its sovereign debt $600 million from reserves held at us banks, those funds are frozen under impose sanctions and it forces moscow to decide if it uses dollars it has access to for debt payments or other purposes like it's war effort. stuart: thank you. pope francis indirectly blaming putin for what he calls a savage war in ukraine. the pope is considering a visit to kyiv.
11:52 am
theologian jonathan morris jointly. the pope seems to be very political on occasion and he is being political now. >> there's times to be political and this is one of those times. calling out political leaders for violating very clear ethical principles, in the case of what is going on in ukraine, we know that the violation of human rights and respect for the dignity of innocent people is absolutely violated. i don't always agree with pope francis. i was a former catholic priest, didn't always agree with him, don't always agree with him now but in this case i believe he's doing the right thing, calling it savage and looking at history, think of pope pius xii who was criticized for not speaking up enough against hitler and the massacre of jews. stuart: i would love to see pope francis go to kyiv. that will be a wonderful shot in the arm. >> i would love it. it is dangerous.
11:53 am
sometimes it is worth putting your life on the line to save others and i hope he does it. he has offered to be an intermediary in terms of bringing russia and ukraine together. russia has no interest in that but i hope he stands with the ukrainian people. stuart: i am fascinated by this. a priest in minnesota started the bible in a year. it is a podcast. it is one of the top 10 podcasts on apple with protestant, jewish, and atheist followers. he' s a catholic priest. remarkable. i don't know of a spiritual podcast that is so widely accepted as this one. >> it is not surprising because the bible is by far the most sold and most read book in all of history by many many times, not harry potter, not anything else. it is the bible. the content works. in other words it resonates
11:54 am
with people in a deeply profound way. what i love about this podcast is the bible is getting to people in a way that we are able to actually consume. we don't sit by the fire as often as we should and read the bible. going to work, put in the podcast. stuart: this podcast, he just reads the bible. >> it is a commentary. you read the entire bible in a year and follow every day. you get commentary and we need that. the bible can be hard to interpret sometimes and he does an excellent job. stuart: do you miss the priesthood? >> my wife asked me that yesterday. we were sitting, i like to sit in the back too. people who sit in the back used to bother me. what are you afraid of? i sit in the back so i can get out and not talk to anybody. that is my own insufficiency.
11:55 am
the answer is i am so happy being where i am right now. i love many aspects of the priesthood. i'm so blessed to be where i am right now with my child, with my wonderful wife and building a family and working professionally. stuart: i would like to tell our audience i had lunch with jonathan and his wife caitlin and his son andrew yesterday and they told me next week, jonathan, his wife, there 5-month-old baby underdog will all be going to rome and moving on to venice. how can you contemplate doing something like that? >> you were horrified by the dog park. my wife will be much happier if we don't leave the dog at home and that is why i learned to say we are bringing the dog. stuart: you are a smart guy. the trivia question. what is the best-selling girl
11:56 am
scout cookie? fitness? dose edos? or some ohs? we will give you the answer after the break, promise. . . .
11:57 am
11:58 am
11:59 am
stuart: okay. what is the best-selling girl scouts cookie? ashley, take the guess, first. ashley: okay, i'm going with samosa you think you can dunk them in your tea pretty well. stuart: jonathan? >> absolutely thin mints.
12:00 pm
samoas are better but thin mints. stuart: i'm going with it. rifoils. i like the name. the answer is thin mints. they make up 25% of all girl scout cookie sales. 25% go to thin mints. i have three or four seconds to go but i will spit out. neil, it is yours. neil: i can't stand the thin mints. they're the worst of the bunch. i guess i shouldn't be surprised. >> it is cannoli. >> that is pricey. the girl squats said we will never make money on this. napoleons, thin mints, they combined them. we're following twitter. what is that expression, you keep your friends close and enemies closer. elon musk becomes

93 Views

info Stream Only

Uploaded by TV Archive on