not been identified. scientists say it will take thousand years to register them all. lauren: bogus question. stuart: absolutely. don't forget to send in the "friday feedback". varney viewers @fox dot-com. >> do it fast. stuart: i don't can't a little criticism. what is wrong with that. but, neil, you stay out of this. neil: all right, fine. the species thing that is kind of wild. there has to be a single person counting them up, right? one species sadly goes, maybe another emerges. i don't believe it. someone is doing it, okay. they're at 8.1780000 million, oh, no, got to start again. i don't buy it. stuart: with all the way, neil. it is your show. neil: please read my letter tomorrow, it's a good one. welcome, everybody, we are following a couple of

developments out of washington that has people are concerned. backup in interest rates. three-year highs amid fears the federal reserve will be very aggressive. weighing on stocks third day running. big news has people concerned about this whole virus closing in on the most powerful man on the planet. rates continue back up. we'll have more later. news that nancy pelosi has tested positive for the covid virus raised concerns, just couple days ago she was at the big white house event sell it braking the 12th anniversary of the affordable care act. not only did she kiss the president on the cheeks, along with others at the very same event have since come down with the virus. there was a big gridiron dinner a few days ago. we learned a number of folks who attended that are coming down with the virus. edward lawrence following all of this at the white house. edward? reporter: sure seems covid is

sort of circling around the white house. i have asked, not heard back if the white house believes president is close contact with some one who had covid. we have some video of two days ago one of the events you referenced. the affordable care act which not only included president joe biden but also president obama. you see how close house speaker nancy pelosi is to president biden. she then pose on to kiss biden, after that. she runs around and hugs president obama and kisses him on the hand. yesterday at an event, there is the kiss there. yesterday at an event here at the white house, a maskless pelosi stood with the president for some time also. that is talking about covid. there is the event from yesterday. talking about ukraine, a state department source is telling fox business that the u.s. and poland will conduct militariry exercise 60 miles from the ukrainian border, possibly a message to the russians here. that will be one of the first

exercises since the invasion for poland with the u.s., troops inside of poland. now china has yet to condemn anything that's happened with ukraine at the moment. so treasury secretary janet yellen making the point any aggression towards taiwan by china would result in u.s. using all its sanction tools. >> you're working very closely with our partners in the administration to make sure we have at our disposal tools to respond to prove visions in that regard. reporter: we heard this from the administration before the invasion of ukraine where the white house said sanctions were a deterrent for putin. then the president switched the message, they were never a deterrent, just meant to cause pain for putin. chinese responding to yellen, say this, quote, the taiwan question is an issue left over from the civil war in china. the means of its resolution is

chinese internal affair. there are no foreign country has a right to interfere. now the spokesperson goes on to say this, that being said we reserve the option of taking all necessary measures in response to the interference of foreign forces and the you successionist activities of a handful of taiwan independent separatists. republicans worry president biden is showing weakness now, not strength. >> but it is just gaffe on top of gaffe and when you're the commander of chief, leader of the free world with your adversaries watching every signal and every message, these continued mismessages on top of the disasterous trip out to europe, it is actual lack of a messaging strategy that has me so concerned. reporter: the chinese going on to say taiwan and ukraine are two very different issues. some in the u.s. according to the chinese trying to use taiwan to constrain china. tough words there. back to you, neil.

neil: separately the senate went ahead voted to take away russia's trade status. i'm surprised it was still on most-favored nation trade status. anyway, will make it next to impossible for americans to invest in anything russia i understand that. there must be acknowledgement of pain of sanctions we inflicted they have not changed putin's behavior one iota. reporter: that is a concern. i talked to a number of china experts. china is watching that specific point, how russia is handling sanctions that are put on. china sort of figuring out what sanctions might be placed on them should they move into taiwan. this is what china experts are telling me. when you talk about ukraine and president putin. he doesn't seem phased by any of this. he is getting some money from oil and natural gas from europe and other parts of the world. india is not on board with the sanctions as well as china. so he is getting his economy working. that's what we're starting to hear that momentum out of europe

to ban oil and natural gas out right. that's why. neil: got it my friend. thank you very, very much. we'll focus on our border, just the ukraine want border. what happened on our border, governor abbott in texas has essentially marshalled all the forces he can with more to come he says to deal with a lot of what republicans call an invasion there, one that could get a lot worse as migrants are attracted to come to this country especially with the removal of title 42 come next month. bill melugin in mission, texas, with more on all of that hey, bill. reporter: neil, good afternoon, to you. that's right, governor abbott is using the texas military to prepare for when title 42 drops on may 23rd. what are they doing? we're at a command post being put up for the texas national guard where they will be running a series of drills this afternoon, meant to simulate a mass migration event how they respond to it, a caravan, bunch

of people coming across the border once title 42 drops. a lot of national guard forces will be in riot gear and running drills. we show you video we shot earlier today. also texas resources, embedded with texas dps as they arrested a group of illegal immigrant runners in the brush in mission. these were single adults, men and women, did not want to be caught. they were hiding in the trees, grass, brush, the texas troopers arrested them took them into custody to help out border patrol. look out of border patrol rio grande valley sector, where we are right now, you're looking at yet another large group of migrants encountered by agents. this is a group of 120. all of them single adults from ecuador, romania, peru. they are putting serious taxing on border patrol resources. why texas is helping out with their resources. look at border patrol del rio sector. what you're looking at are a group of eight unaccompanied

children encountered by border patrol agents completely alone. no parents. no guardians. they crosses the river completely by themselves that is something has been happening more and more often up there in del rio sector. look at photos, we reported the other day in brownsville, that the federal government has been giving smartphones to illegal immigrants after they mass release them in an effort to track them and establish a line of communication. yesterday press press -- press secretary jen psaki confirmed our fox news report towing track the migrants. >> our concern individuals who irregularly migrate to the united states proceed through our process of, you know, of course being monitored but also participating in, in hearings to determine whether out not they will be able to stay. reporter: neil, now that dea is warning law enforcement all across the united states to be

prepared for mass overdose incidents when it comes to the opioid fentanyl. they are saying be prepared for mass overdose deaths as cartels continue to pump fentanyl into the country. they're saying don't be ready for just a single overdose here and there. be ready for mass casualty incidents three or more people oding at a time when they don't realize they're exposed to the drugs. neil: we concentrate on migrants coming in, we ignore bigger threats coming in as well. thank you, bill, for all of that. let's go to lieutenant christopher oliveras, texas department of public safety. excellent read what has been happening, warning a lot of folks what has been happening. lieutenant, very good to see you. i am curious how these efforts on the part of governor abbott could stem this flow against a huge tide. how do you see it?

>> well, neil, great to be with you. so an example of texas taking an aggressive stance securing border, indead of allowing mass releases of illegal immigrants from the border communities, already gone through the border patrol process, they have the processing paperwork, now to transport them to washington, d.c., instead of dropping them off in other cities, in the state of texas. defeats the whole purpose what we're trying to do, trier to deter this mass migration taking place along our southern border. a strong stance and say sending a clear message to the federal government, in fact if you're not going to take care of the border right now, secure the border, take care of americans in the country, state of texas will step in. we'll transport these individuals to washington, d.c. neil: what do you suspect will happen when those buses, could be quite a few of them arrive in d.c.? >> right. well, i mean the we're hoping that the federal government will

do, take some type of action, have a strategy in place. we're anticipating the end ever title 42. still to this date we do not have any type of strategy or plan in place in the federal government how they will handle a mass surge of illegal immigrants. with cancellation of title 42, we'll see upwards to 1thousand plus a day of illegal crossings -- 18,000. that is how the crisis will escalate. governor abbott when he made the announcement sent a clear message that the state of texas has zero tolerance of release of illegal immigrants in our border communities. to transport it to washington, d.c. becomes their problem. maybe they will take some type of action with a strategy in place. neil: cynically i wonder if they will? they get off those buses, could be to your point, by then, hundreds, if not thousands, who is tracking them?

i know they're given phones supposedly will do just that, you wonder how many ultimately will go away, get rid of phones, see them as a tracking device anyway, they won't find any problem just sort of mixing in with the general public? >> right to your point, neil that is why if we are transporting these individuals we will track the individuals from point a to point b. when transported from texas to washington, d.c., they will be tracked. to your point, what bill melugin is pointing on the got-aways. this morning you have video, dps personnel and military helping out border patrol. i was out with them looking for individuals. these are the runners, they avoid detection part of got-aways. 300,000 got-aways first six months of this fiscal year. that is known got-aways that get

by the border to make it into the interior. neil: i don't envy your work load but i at mire your perseverance that this herculean task that will get a lot more herculean to be mild. be safe. chris oliveras, with the texas department of public safety. with the backup in interest rates the back up in housing? one investment firm, come up with a number, a rate number, a mortgage rate number, that could be the tipping point. all i will tell you right now we are very close to it. stay with us. ♪

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neil: man, oh, man, is it a good time to be a trucker. walmart is raising pay for the truck drivers, most of first-year truckers hire earning around 8, $88,000 a year. walmart pushing it up to $110,000. that is for starters, incentives, things they're talking about. already fairly lucrative there. it will be more so. a lot of retail a lot of

companies in general having a devil of a time finding drivers. that compounded the supply chain disruption. the goods are there. they can't get them to folks because there are not enough truck drivers to get them to folks. this might be a start in that direction. we'll keep an eye on it. i teased it in the last segment what is the mortgage rate at least one prominent brokerage firm thinks you hit an inflection point and sales could slow? right now we're averaging 4.75, but if you take what has been spiking in some 30-year rates we're over 5%. now ubs, the big investment bank, has said the inflection point or what they call the point at which you see people retreated is 5.75 percent. that is the sort of, that affordability metric point at which you hit that level homes become simply prohibitive to

buy. keep in mind for every, you know, fractional, you know, increase, we see in these rates, the cost of the home becomes all the more prohibitive. home prices are not coming down. so let's get the read on this from carol roth, former investment banker, war on small business author. carol, i'm curious what you make of that, that 5.75% figure being a point at which affordability really pushes a lot of people out? what do you think? >> i've been doing a little bit of research on this, neil. there is sort of a rule of thumb in the mortgage industry. saying that everyone 1% rise in interest rates is increases life of purchasing in the home. certainly makes sense at some point, whether that 5.75, it has been a long time since we've seen 5.75, but you know, that is

really the right number but we have such a confluence of factors that are really pricing that first-time homebuyer out of the market and you know, everything the fed has been doing has really been a transfer of wealth from main street to wall street and unfortunately in the direction they're going i think that with the increase of interest rates it just, it is going to be that much more unaffordable, that much more of a barrier to the american dream. neil: you wrote an interesting piece how people can deal with inflation in general. what i like always about your writing, of course the book, you get right to the point. you don't waste a lot of gobbledygook or use a lot of big terms that leave people like me with especially thick skulls at a loss. so let's talk about ways people can adjust to this. some are simple. some are not. i will let you take the order you want. go ahead. >> this is something i've been asking individuals because, as we saw economists are saying inflation is going to add at

least $5200 to the cost of household expenses. so some of the things that people were talking abought were locking in prices, that can be buying in bulk or going to goods or service provider and trying to get some sort of a discount for paying up front. of course you want to make sure on the food side that it is not parishable and to hold it and to store it. if you're going to give somebody that money up front, that they're still going to be in business but i think that makes a lot of sense. then also on the food side, one of the things i thought was ingenius how many people are going, getting in with the people in their community and you know, going to farms. they're buying cows so they can split a cow, get the meat. put it in a freezer. they're buying chickens if they keep them for the eggs. i even had one twitter follower said they were setting up a homesteading group so they could each grow some sort of vegetable

or raise something and then kind of trade them among themselves. neil: so a lot of people when prices go up they pivot from cut of meat to less expensive cut of meat, go from the store brand, versus main marquee brand, looks likes they hit that point and prices are still going up. how long do you see this going? >> i don't think we'll see any end to it this year. we have inflationary pressures that have nothing to do with russia and ukraine. certainly that has exacerbated it. if you follow the long tail trajectory, all the you know underinvestment in terms of fertilizing and planting now, because it is coming out of ukraine or russia is really going to impact the food supply. i read an article where something simple as propane where there is shortage is used in the drying of things like

grains. that could impact the ability to have, that kind of food. fortunately here in the united states, neil, we have things like doritos that we can eat. i think we'll probably find things but seriously speaking this could be serious issue in terms of famine in other parts of the world which potentially leads to some social unrest this is a very serious issue. neil: it is playing out in some poor countries. carol, thank you very, very much. good catching up with you. very practical advice. i appreciate it. our viewers do. carol roth on all of that. meantime the war in ukraine goes on that we're in the 43rd day right now. ukraine simply has one wish, weapons and more weapons and more weapons after that. stay with us. >> it is very simple. has only three items on it. it's weapons, weapons, and

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♪. neil: all right, the united nations is debating right now suspending russia and trying to remove it from the human rights council. i had no idea that russia was on that council. like putting me on the healthy eating council, be that as it may, it will be a lot easier said than done, to remove it from the body. you have to have a unanimous vote and there are a number of countries that might abstain or risk voting against it, china, india, this does not happen. we'll keep you posted on that. keep you posted on widening sanctions against vladmir putin himself and in this case more importantly his family, at least his two daughters the fallout on all of that from alexis mcadams who is in poland right now. alexis. reporter: neil, good afternoon. that's right, these new

sanctions are very personal for russian president vladmir putin. right now the eu and the united states going after his daughters >> it is very important symbolic movement. that we are going after putin's personally. he realizes how huge his very personal guilt in, inception of this bloody war. reporter: these are photos of putin's adult daughters you see here. the russian president really doesn't talk about his personal life much. he refused to acknowledge the names of his kids but the treasury department has. they identified them. they believe she is 35 years old. a former competitive dancer who runs an artificial intelligence initiative at moscow state university. the other 36 years old, using a surname. reports tell us she is a medical researcher, and co-owner of a health care investment firm in

russia received big money from moscow. according to reuters putin talked at a press conference in 2015 about his daughters, briefly mentioning they speak three languages fluently and studied only in russia. they are widely considered putin's daughters from his first marriage. he is divorced from that wife. the latest move to cut off putin and his family finances. we sought horrendous images out of mariupol and bucha. we've seen these combing in the past days. these are new images out of mariupol they're triggering calls for more sanctions because of the death and destruction there. members of russia's security council are being sanctioned as well. it is not just his daughters that are on the list at this time but russian foreign minister's family. the white house says all the people on the list helped putin fund his war in ukraine. >> we've seen a pattern over time of president putin and russian oligarchs stash assets

and resources in bank accounts and of their family members. reporter: here in poland the prime minister is calling for tougher sanctions on russia after you saw the horrendous images out of bucha. the russian opposition calling for the united states and eu going after putin's mistress who is a famous gymnast in russia. neil. neil: thank you for the update, alexis. as we were going to alexis the u.n. vote on removing russia from the human rights council. it is a done deed. suspending russia over reports of calls of gross and systemic vibrations and abuses of human rights by invading ukraine. it was a u.s.-led effort i should point out. 93 were in favor of this. i'm shocked 24 countries voted no. 58 abstained. number of these countries made statements questioning the timing of this move whether it was fair to russia.

i kid you not. this from china's u.n. ambassador. such a hasty move in the general assembly which forces countries to choose sides will aggravate the division among member states, intensify the confrontations between the parties concerned. it is like adding fuel to the fire. just an objective read of this situation i think the fire is well-fueled. anyway, that is the read right there. where this goes from here anyone's guess. a good number of countries not really keen on it. this might not have any lasting impact. meantime focusing on developments right now from the prospect of vladmir putin and whether he feels any pressure from this united nations move or for that matter all the sanctions that have been heaped upon him, his country and now his daughters let's go to ambassador pierre richard, u.s. ambassador looking at war crimes during the bush administration, the george w. bush

administration. ambassador, very good to have you. you were among the first to look at this sort of thing and i'm beginning to wonder whether the president, this president's distinction between war crimes and genocide is valid? do you see a reason to pause upping it to genocide? >> well, thank you, neil, thank you for having me. i think looking at events that are taking places critical. it is clear that putin and the russian regime are committing atrocities but, from my perspective, i don't think we should necessarily focus on labels at the moment. it is more important to focus on the actions. but i think i can say with, with certainty that it appears war crimes are for sure being committed. genocide determination is something that is a little more complex and requires deeper analysis. neil: you know, china, other

countries have been among those saying don't jump the gun on this, no pun intended, sir, there is sort of a pile-on here it sees isn't warranted. said as much about the killings in bucha. we have to get facts before we make statements like that. what did you make, what do you make, particularly of china's response to all of this? >> well, china historically has been reluctant to comment on what they call internal affairs. if you look at all the conflicts that have happened, even going back to rwanda, bosnia, sudan, they are reluctant. part of it they don't want people to look into what is happening within china. but i think here what we have to do is we have to get the international community, the global community and that's, that's everyone, africans, latin americans, asians, south asians, to get on the same page and to condemn this action because what we are seeing is not only

unacceptable, it is appalling and appalling especially from a country the size and nature and strength of russia. neil: do you think, there are some who argue against the war crime, even a war crime label to your point it's going to make a desperate putin all the more desperate, well i have nothing to lose? even if i resolve this i'm going to go in modern-day nuremberg trials on war crimes and why rush into that. so i'm going to be free to feel i can do anything i want to do, what do you think of that? >> well putin, clearly the line in the sand has been drawn and it's been drawn by russia and by putin by the fact that they are brazenly committing these atrocities. it forced the hand of the international community. fortunately the media people like you, ngos, human rights groups have been present and have been able to document exactly what is happening.

so it is becoming undeniable. so i do believe that the president, our president of the united states, united states president biden hands were basically tied and he was pushed into this direction as was the rest of the world. it is something that is, that is unacceptable. ukraine was passively sitting by when russia decided to invade and to begin to commit atrocity ies. neil: ambassadors, thank you, we'll see how this sorts out and how putin reacts to it now that things are getting tighter on punishments. good seeing you here. some good news to report today with all the craziness in the markets, and the masters, the big golf tournament, most prestigious all of them, the fact a iconic player, 14 months after near-fatal car accident is playing, after this. ♪.

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neil: rite of the passage, spring, baseball season started. a little wet in the metropolitan new york area. what kicks offspring in the golf community, the masters. you all know tiger woods is playing, i must say i'm getting reports that he is playing quite well thus far. let's go to steve harrigan following it all from georgia. how are things looking there, steve? reporter: neil, it just looks i have a amazing. the sun has come out. it's a beautiful day. thousands are watching and this is truly exciting. tiger woods played carefully the first few holes, clearly within himself, positional golf. his last 2-iron shots are darts. twirling the club. made a first birdie, one shot back. still very early in the tournament. seems to be moving well. really this is something people did not believe would happen. the excitement, you can just feel it, neil.

neil: steve, obviously this has generated a enormous interest in the masters which normally gets a lot of attention anyway. it changed might tilly. i was reading they had to turn back crowds. there is a limited number they can allow on the course, i grant you, but greater numbers were hoping for that opportunity. what is it like there with the crowd? reporter: even for the practice rounds players were saying they have never seen crowds that big just trying to get a glimpse of him. keep in mind for 14 months ago tiger woods was in a hospital bed, a bed for three months. he had rods, pins, multiple surgeries putting together his right leg. they were receiving consideration of amputating that right leg. daily work with doctors, physician yo -- physical therapists. people were concerned he would not walk again but walking again and challengings the very best as he said he would, neil. neil: if he does well today, tomorrow, you want to avoid cut

getting cut as you go into the weekend. those who are broadcasting this event, because his presence will generate a lot of eyeballs. he is starting off very well to your point? reporter: very careful golf initially. playing it safe on the first par 5, laying up. he is taking a few shots at the flags. the real challenge, tiger said for him this four-day tournament won't be the golf. his speed is fine. the golf is fine but the walking. it's a hillary course and he has to get through that walk. neil: do you golf, steve? reporter: golf a little bit. neil: i miniature golf, does that count? i guess not. reporter: absolutely exciting to watch golf for work. it is pretty effortless. neil: you look natural there. usually in war zones. you can cover everything.

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♪. neil: all right, does anyone remember you know, the story that ran that was getting a concern at start of the broadcast that nancy pelosi had tested positive for covid, joining a growing list of prominent bold-faced names that tested positive, lots, lots of regular folks. keep in mind that 94% of the new cases we have in this country are of this new ba.2 variant. having said all of that there was concern that she has watt the event of the president of the united states, kissed him on the cheek, celebrating the 12th anniversary of the affordable care act, that the president might have been

exposed to the virus. he was tested for covid late last night. he tested negative. of course they will probably no doubt monitor this with the president but again he is still testing negative for the virus itself. so we'll keep you posted, not only how he is doing, how nancy pelosi is doing, growing number of u.s. congressman, women, senators, rest, at a very crowded washington event, gridiron dinner over the weekend. hundreds attend that. a good dozen or so have been diagnosed with covid. all cases seem relatively mild as is mostly the case with ba.2 but it's a variant we know very little about aside from the fact it does spread and spread fast. keeping you posted on that. keeping you posted on some promising economic news. the senate, rates back up, people less inclined to buy things. does not apply to all things, especially very expensive hummers going for north of $100,000. i'm talking about gm's new electric hummer.

now still will be delayed a while before people pounce on it and get it, even now if you want it. our grady trimble says you will have to wait. but he had an opportunity to drive this thing. how was it for you, grady? reporter: pretty remarkable, neil. 329-mile range on the hummer ev pickup truck. that is about equivalent to what you would get from a full tank of gas on those old gas-guzzling hummers from the early 2,000. one things those couldn't do, this thing couldn't do, go from zero to 60 in three seconds. that is thanks to the three electric motors in the hummer ev pup. we had to give that a try for ourself. love the sound of the rubber on the road there. another feature that is unique to the hummer ev is what they call crab walk mode. that is where all four wheels

turn in the same direction, front and rear wheels at about a 10-degree angle. you have probably seen that feature in the commercials with lebron james. of course at $110,000 this is not necessarily a car for the masses but general motors says with the partnership with honda, it will be able to produce electric vehicles much more attainably priced and those electric vehicles will use what is in the hummer like the battery system. listen. >> we'll be able to use the same sort of motors and battery configurations of various products, trucks, suvs, more smaller passenger vehicles. it is laying the foundation, laying groundwork for everything coming the next few years. reporter: even with that high price tag, general motors says the number of reservations so far exceeded what they were expecting. 67,000 people put in a reservation for one of these.

neil, if you put in a reservation today though, you probably won't see that car delivered to you until 2024. they cannot make these things fast enough. as of now only 100 on the road. they expect to ramp up production, get them rolling out to customers as soon as they possibly can. neil: even if i say your name or use your name, grady trimble said there is a waiting list, but come on, i know grady trimble what do they say? reporter: your name might have a little more clout than mine, neil. i would tell them who you are first. but that's just me. neil: i'm going with grady trimble but neither are working i guess. let's see what happens. thank you my friend, very much, grady trimble, following, a lot for a vehicle. i guess these days people will spend where they spend. with rising gas prices maybe there is more interest in this stuff. that is anecdotally what we're learning but speaking of the whole issue of rising gas prices you probably recall all the oil

ceos were on capitol hill. i compare them to human pinatas because the finger on them for the big run-up. chevron ceo, michael worth, attack after tack whether he or his colleagues are to blame for this. >> i want to be very clear where chevron stands. we do not control the market price of crude oil or natural gas nor of refined products like gasoline and diesel fuel. and we have no tolerance for price gouging. neil: all right. the at least among the democratic questioners that fell on deaf ears. they are all convinced all of these guys do, that they're doing something democrats in the past always charged they always do, nothing has come to the investigations of price gouging, cabal forming, more than dozen investigations over decades, not a one came to fruition or proven. daniel turner, power of the

future founder, ceo, takes a look at this whole industry. daniel, i just felt there was a lot of blame shifting going on in washington yesterday. we know a lot of the factors and we know how supply and demand works. we also know how limiting where you can get oil works. so i just thought these guys were treated unfairly. what do you think? >> yeah. i agree. and you know, kudos to them to sit there and take it on the chin for hours and hours. kudos to folks like me who had to sit there and watch it because it was torture. quite frankly there was an awful lot of ignorance on display. i understand not everyone is an expert in energy. it is incredibly complicated area but you would like to think the folks who are making energy policy would learn a little bit. there was complete confusion between crude and refined gasoline, right? what you put in your car. absolutely no differentiate what

comes out of the ground and myriad products. the chairwoman at one point was confuse what jet fuel to do with all of this. we're talking about gas price, not clear it is all all derivative of owl products. neil: wow, daniel, the democrats critical of the oil giants saying you have got to drill. they say drill, baby drill, i remember distinctly the biden administration was starting that was the problem. they got to stop drilling. they have got to cool it on all of this. so, they have done a complete 180 on it and i didn't understand that. >> yeah. this is all in the context of being in an election year. this was the house, the house is desperate to keep its majority. it probably won't the way the polls are looking. this is lot of theatrics and a lot of political posturing. you're absolutely right. for years they hated the industry, said we'll not allow you to drill.

joe biden ran on this. he ran on getting away with fossil fuels. phasing out fossil fuels. no new permits, know new drilling. that is what he got. then they're saying how come you're not drilling? so we're going elsewhere. we're asking venezuela, we're asking iran, we're asking canada to do produce more oil. there is complete confusion where the stuff you put in the car comes from. where all the refined products come from, what is driving consumer prices, consumer goods prices, inflation. incredible ignorance on display. makes you worry about, these are folks making policy decisions, neil. their ignorance is really disconcerting. neil: yeah. it was disconcerting. at least, idea was to get to the bottom of something and try to see what can be done. this ended up being a pinata session. thank you very, very much. daniel turner on this subject. real quickly, 53-47 vote in senate to end debate on judge

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neil: you ever notice maybe when you were a kid in college, there's always a rush to get stuff the done before you have to go, either tests or the teacher giving the assignment, rush, rush, rush are, get a lot of stuff done, stuff that you

could have cone much earlier? congress kind of operates much the same way, only they do it with our money, and sometimes they're running very, very late on some items they should have gotten done earlier, that includes getting a vote on the next supreme court justice, the battle over more covid funding. still got added issues over what's going to happen to title 42 and, of course, a push by republicans to push the president back from his promise to rescind it come next month. it's all, hope any, they think -- hopefully, they think, resolved before the easter recess. chad pergram, the biggest issue is the speedy move that they're getting a vote on judge jackson maybe as soon as the next couple hours. what are you hearing? >> reporter: that's right, about that minutes from now -- about 45 minutes from now, ketanji brown jackson becomes the first african-american woman on the

supreme court. >> -- milestone should have happened generations ago, generations ago, but we are always on a -- trodding on a path towards a more perfect union. nevertheless, america today is taking a giant step towards making our union more perfect. >> reporter: we expect three gop if votes for jackson, lisa murkowski, susan collins and mitt romney. the lone african-american republican in the senate, tim scott, is a no. he says president biden could have diversified the court when he chaired the committee on the judiciary. >> he said to clarence thomas no way, no how, not on my watch. he did everything in his power to make sure9 that the court that he now is concerned about diversity would have been completely white. >> reporter: jackson won't take over on the court until this summer. justice justice stephen breyer won't step down income the court finish -- won't step down until the court finishes its term.

in 2005 sandra day o'connor announced her retirement but never retire tired until january of 2006. president bush nominated john roberts, but then chief justice william rehnquist divided, so the president elevated roberts to become chief justice. harriet miers had to withdraw, samuel alito was if next pick, so so connor stayed on the court much longer than expected. and, neil, as you say also today congress will lead without passing the covid bill. that's because gop if want with to ad a provision to maintain title 42. back to you. neil: real quickly, chad, on judge jackson, obviously, the president will want to celebrate her vote, assuming, as you say, she's got the numbers and will be on the court, but otherwise he'd have to wait a while. so what do they do in a situation like that? >> reporter: a couple of things to watch for.

nothing happens until he signs her commission, which he won't do until if breyer retires later this summer. the senate, and i asked about this yesterday because this is so rare, we don't know if they hold on to the paper here on capitol hill or send it could be to the white house. we don't know that, that's kind of rare. she kind of cools her heels for about three, four months here in the interim. the other thing that happens is at the end of the confirmation you with always hear this boiler plate language, the president shall be immediately notified. you hear that at the end of every confirmation. i asked if they will do that, and knob seemed to know the answer -- nobody seemed to know the answer. neil: that's interesting. if he's watching on tv, he would know himself, right? >> reporter: but it's all about a piece of paper. neil: i know. i always learn something, chad. that's amazing. thank you, my friend. all right, in the meantime here we've been talking about covid, talking about nancy pelosi coming down with it. the president did not test

positive when he tested late last night. they tested him, but we have since learned that nancy pelosi had been in close contact with the president, but if there were any worries, she was diagnosed today with that. but, again, as of last night the president was testing negative for the virus. i only mention this because this latest strain, ba-2 subvariant, whatever you want to call it, is rampant in china, particularly in shanghai where 27 million chinese citizens are essentially in lockdown, and it's kind of, you know, that's a big technology center too. so, again, nothing is really being produced or done there. let's go to gillian turner following it all from the state department as china tries to get grips on this. what's the latest? >> reporter: so, neil, 26 plus million people are now locked down inside shanghai following a new outbreak of covid inside the city, but we are starting to see something quite extraordinary happen, and that is the chinese communist party softening its

policies just a little bit in response to a major public outcry. now, shanghai intensified its mandatory testing this week of after setting a new daily case record of 13,354 new cases. china's officials say they're sticking to their zero tolerance covid approach, mandating lockdowns, testing and even compulsory isolation of unconfirmed cases, and those people's contacts. the city began forcibly breaking up families this week, separating parents from their children. this is a quote from the municipal health commissioner: if the child's younger than 7, those children will receive treatment at a public health center. for older children or teens, we are mainly isolating them in centralized quarantine places. now communist party officials faced a major backlash for the move considered dramatic and inhumane. they did initially defend themselves saying yesterday, quote: only when all the patients are warrantee teened

and the -- quarantined and the situation is cleared can the work and production be resumed. then yesterday in the face of protests came this slight softennenning of the policy. this is a quote now. we've clarified that if parents have also tested positive, they can stay in the same place as their child to accompany and take care of them and receive observation and treatment together. today, yet again, the streets of shanghai remain mostly empty as people are being encouraged not to gather, not to go out publicly. there are still reports breaking today, neil, from chinese citizens complaining that babies are being forcibly reremoved from homes, they're being sent to hospitals, they're being stuffed up in cribs with other babies, multiples at a time, cribs are in hospital holloways, all this overcrowding -- hallways, this is not enough staff to attend to all the babies getting rounded up by the chinese communist party.

neil? neil: what a mess. it has to depend on where you are when you got news that the government of china was going to enforce this lockdown. so if you're at work and let's say you have quite a bit of a commute, you stay at work. you do everything at work. there are beds that are set up and tents that are set up. we're going to show you some images that'll just blow you away. these are a couple that will give you a hint of what they're dealing with. but this is set is up at facilities where people are around the clock housed because they can't go back to their house. again, this is a major industrial center. particularly for technology, tesla has a plant there. e monoloan musked had want -- elon musked aha want -- had wanted to open it up this week. softbank, of course, very big in hoping in the -- can helping in the production of homes, what have you. larry glazer is following it, mayflower's managing partner an

uncanny read of these market. a lot of people were focus on the walloping in technology stocks, no doubt the biggest catalyst for that, but unsure what's going on in shanghai isn't helping matters. >> neil, don't shoot the messenger of -- and i know no one really wants to hear in this right now, but this is a mess. when you look at the scale of the shutdown here, this is epic. not only do we not want to hear it, the federal reserve doesn't want to hear it, and i think this is going to make their job much more complicated. what it really means, the takeaway for everyone watching the show is you can forget the lawn furniture coming in on time this spring. there'll be no sneakers at foot locker. best buy is going to have bare schells. the bathroom renovation is going to have to wait. but it could be much worse than that because the concern is what happens in shanghai went you shut down 26 million people and you lock them in their homes, it spreads to the rest of the world. and the problems here started

way before covid, right? it started with economic mismanagement hear, it start -- here, it started with sending our manufacturing johns to china. -- jobs to china. and we're finding we're totally exposed to china from everything from teslas to iphones, and hopefully we learn a lesson from this and bring those jobs back here where we can control the situation. neil: so the story on this is that when china had problems and it's responsible for so much of the production and the tools that we use for technology and so much else, it shuts down, we shut down. but these images, the tents and offices and all, a lot of people look at that and say i thought we were over this kind of thing, i didn't think it could come here. it's nothing like it is in shanghai where this lockdown persists. but we have seen a spike in as much cases, certainly even in this country nothing as severe this doesn't appear to be -- besides a contagious strand, which it clearly is, it doesn't a appear to be very dangerous,

along the lines of an even lighter omicron. i'm sure most are hoping it stays that way. >> you know, i think that is a really good acknowledgment. but the fact that china is an economic superpower, the wars in russia, ukraine, that can have massive economic implications, russia is not an economic superpower. here every chip we use comes from taiwan, so if china has its sights on taiwan at any point, it would plunge the world into a global recession. and i think china's economy is slowing. if we look at the chinese purchasing manufacturers' index, their economic data, it is showing contraction, recessionary data. we haven't seen that here, and we don't want it to come here, so we need to be really mindful about this and learn the lesson. look, it's not just manufacturing, china is a big buyer of u.s. debt, so we're so is tried -- tie to china in so many ways. our companies can carve their own path, set their own stride and we're not totally reclient

on what china does, whether they lock down or whether they don't. if. neil: great catching up with you, my friend. be well, be safe. >> you too. neil: some items coming in, this is "the washington post" article on president trump apparently did an interview9 with the washington post in which he said he wanted to more a -- march on the capitol on january 6th, but the secret service had stopped him. the secret service service said is i couldn't go. this is what he told "the washington post." i would have gone this in a minute. he also -- that is, the former president -- said his silence during the attack, insisting that it was nancy pelosi who general rated this getting out of control. he was taken to a secure rotation with other law makers as the mob reached the building. again, referring to nancy pelosi here, but he said shah that she bore responsibility for the violence that followed. i thought it was a shame, the president said, and i kept asking why isn't she doing something about it, why isn't nancy pelosi doing something about it.

there are critics of the former president as to infamous phone call with kevin mccarthy where he was telling him you've got to make it -- you've got to stop this, the president at the time refusedded to do that. so there's a lot of allegations back and forth who's responsible for what but donald trump making it clear that if he had his druthers that day, he would have marched with the protesters that day. we'll have more after this. your record label is taking off. but so is your sound engineer. you need to hire.

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1-800-217-3217. that's 1-800-217-3217 neil: all right. we're getting more details as time goes on on the brutality of what's going on in ukraine. now reports at least 5,000 civilians have been killed in mariupol and on and on we go. alex hogan is in lviv, ukraine, with the latest. alex. >> reporter: hi, neil. the mayor says that -- and police also there adding that up to hundreds of people could be buried you should the rubble after buildings -- under the rubble after buildings have been destroyed. this is a town just about 40 miles outside the capital of kyiv, and rescuers worked to colm through some of the -- comb through some of the debris trying to find bodies. mine disposal teams were also on

on to secure the nearby area for people trying to return, and residents are also returning to the northern city of bucha which has been the scene of just horrific images a day after day as ukrainian troops have managed to recapture some of those territories. those who have stayed behind are now sharing the trauma of what it was like. >> translator: we were in the basement for 35 days. there were shellings all the time. sometimes there was no water. sometimes there was no food. there was no light all the time. there was no information. phones did not work. >> reporter: g7 and nato meeting today in brussels discussing sanctions against russia and also adding the importance of shipping more weapons to ukraine such as air defense systems and anti-tank weapons. meanwhile, evacuations are desperately needed in the eastern city of mariupol where you have roughly 100,000 people

remain trapped. some managed to be saved today, you can see there troops helping remove people, helping even physically carry those who were too weak to make the move on their own. new satellite images also show a naval vessel on fire in the port of mariupol which appears to be the ukrainian command ship donbas. now, the cause of this fire has not yet been verified, but attacks continue to ramp up in the east in the last 24 hours. the w.h.o. documents that 91 hospitals, clinics or ambulances have been blown up like this one that you see here on your screen which took place outside of a children's hospital in the southern city of mix live. this video among the recent attacks here across ukraine have sparked the question among -yard linens -- ukrainians that if hospitals aren't safe, what is someone of the sites we visited this week was a field hospital

that was underground. patients el doctors being under-- tell doctors being underground is one of only places they feel safe. neil? neil: alex 40 began in lviv. this was among the examples that the united nations was using to punish russia is and try to suspend it from the human rights council. and about an hour ago, that is exactly what they did. 93 countries voted in favor of removing russia from this council. it is interesting to note that 24 did not and 58 abstained, and the chinese ambassador was among those saying, look, we don't really find this to be very productive moving forward. i want to go congresswoman victoria spartz of indiana a, what she makes of this. congresswoman, some of these issues of brutality are not really being debated that much even though the high news and others are saying that -- the chinese and others are saying they have no proof that russia was bewith hind them, but the

test was really the vote today. what'd you make of that? >> well, i think u.n. ought to become functional organization or dissolve. i think we need to require accountability because we spent a lot of money, and we were just discussing with our usaid office, you know, where's the accountability? we need to see what's happening. why, you know, all of the money for humanitarian aid and everything else is not on the ground many in ukraine, poland and other countries, you know? so i think this organization is not, you know, doing its job. and we can do a lot of resolutions there, but ultimately it was set up to bring peace if many conflicts like that. and it's not doing it. and there's more accountabilitied immediatedded. neil: obviously, ukrainian president zelenskyy, the foreign minister today once again talking about the need for weapons, you know, that's what they need, and hay need them

quickly. -- they need them quickly. there's been sort of this dark view among some in ukraine, i don't know where you stand on this, congresswoman, who fear that we're not rushing this because we don't want to see vladimir putin lose, that he could be an even more dangerous despot if he did. first of all, do you agree with that? do you think we deliberately go slow getting this stuff to the ukrainians? because they have gotten a lot of stuff. they did get these killer drones, so it's not as if they're not getting them. but i guess the fear is heir not getting them quickly -- they're not getting them quickly enough. what? >> unfortunately, we don't have real leadership in this administration. we have too many political people are making decisions, and they're afraid to make a decision. but unfortunately, one of the sides is going to lose. and if ukraine is going to lose and if ukraine is going to, you know, the country will not be able to hold the ground with, the implications to it are going

to be significant, and russia are go further and will drag the whole world into conflict. i think it's important ukrainian people bravely, you know, they were able to hold their ground, and, you know, and forced russia to knock down them, you know? and now i think that we need to put more pressure to finish the job that russia is willing to get to the table to have negotiations. real negotiations. how we can bring peace back. and it's a time to show strength from our country and our allies around world and say this atrocity, this generalled is side of ukrainian people shouldn't be accepted. we shouldn't let hem hold the whole world hostage. more decisive actions are needed to really have, you know, if we're going to have peace back in the world and international order. and u.n. has a responsibility in that but also leaders like our country have too. neil: all right.

congresswoman victoria spartz, republican from indiana, thank you, congresswoman. very good having you on again. >> thank you. neil: we now know what the federal reserve plans to do about raising interest rates, maybe a lot more hikes and a lot bigger hikes in the future, but there is the future the federal reserve itself and those who will serve on it and a whole lot of controversy over some nominees that's just brewing. charlie gasparino on that after this.

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neil: all right, the federal reserve, not what the present one is doing right now and the likely hike in interest rates that could be a lot more aggressive than originally thought, but some people that could populate the federal reserve. charlie gasparino, buzzy as a bee following this -- busy as a bee following this. >> right. this, i think, is going to be somewhat pro forma.

lael brainard will get in, vice chair -- neil: vice chair. and she's sounding more hawkish. >> you know, it's interesting, she's sounding more hawkish than powell. neil: yes, i was going to say. [laughter] she's definitely getting in. phil jefferson definitely getting in. raskin, remember, sarah bloom raskin couldn't get on. neil: that's right. >> she was, essentially, too woke on environmental issues. people thought she forced banks to make loans based on carbon emissions. that couldn't get through the senate. so it's coming this week. my guess is that cook gets some pushback because she's considered too left. my also guess is that she's going to get in because at some point you've got to pick your battles, particularly in a 50-50 senate. does manchin, does zinn a ma really -- sinema really want to go to war over this. that'll be done, and i think, you know, the bigger question

for the fed, obviously, neil is how much how many 50 basis points fed funds rate hikes do they do. neil: the betting is the next two meetings in may they're going to go up half -- >> i don't know. the market's not taking any of this seriously. neil: it's one moment in time. >> i'm just saying, it's still 3400. i'm good at transitions -- neil: you are. i always note he never uses script. >> that's my dyslexia. you don't want me reading the screen. you don't read the screen either. neil: you don't need it. >> stuff comes down, and you ignore it. of i'd hate to see your writers. neil: what's happening with tesla? that's the other thing. >> here's the thing that i think people are underestimating, particularly if you own shares, just how much scrutiny elon musk and tesla is going to come under now that he put the money into twitter. why is this a political story?

and it is. twitter has been usually safely woke for many years, they kick off trump, they silenced a lot of republicans that, you know, step out of line. democrats really like that in congress. with elon on the board and the biggest shareholder by far right now, he's going to take twitter to the center. they don't like that. so what i'm hearing, and i think this is something that -- neil: who doesn't like it? >> the democrats. they control -- neil: management, how do they feel? they invited him to join the board, right? >> listen to this -- i'll get into that in a second. in the six months or eight months the democrats controlled congress, they still control the sec, you're going to see a degree on scrutiny on musk and some of the statements, maybe some of the statements about tesla that could impact tesla's stock as opposed to twitter's stock. so if you're a twitter -- you're a tesla shareholder, you know, this has to be a little concerning. we should point out i've been

talking about the last couple of days, others like a former sec chair talking about, and that's why you see some movement downward in tesla shares. the sec clearly doesn't like musk because he's always sticking it in their eye. neil: right. >> like, he started buying, like, weeks ago. he didn't file until recently, he file a different form than he was supposed to file. they may even, like, fine him a million dollars which is -- neil: well, he's worth over a billion. >> -- chump change for him. they really hate him. what they could get him is does he say x about tesla, and does y happen. is he misleading the public, is he disclosing stuff, ask that's what i keep hearing particularly if republicans on the hill, that they expect a ton of scrutiny on his tesla statements because of what he's doing on twitter. one of the things they're really worried about, the democrats, is that he reinstates trump. neil: yeah. do you think he will? >> i don't think he does

immediately, but i think he does. i think he will. neil: but would twitter let him in i know he's the largest shareholder, you want him in your tent -- >> what if he starts tweeting out in the twitter company i invested in is censoring -- neil: a health care, got it. got it,. >> that is not a great look. neil: covered two big issues on the same broadcast. charlie gasparino. take a look at bitcoin right now, cryptocurrencies usually when markets go one way -- stocks go one way, it goes the other way. that a relationship doesn't seem to jibe these days. natalie brunell joins us out of miami where they're setting up this whole charging bull statue. it looks just like the one in new york and all, but they're becoming this business mecca. they've always been up there, but, natalie, before we get to what's going on in miami, what you're seeing, cryptocurrencies as the comebackwell over 40,000,

nowhere near the 55,000 we were at a year ago and when we were teasing soon thereafter 60,000, but what do you make of this? >> well, you know, bitcoin has largely been driven by liquidity, can and right now you've been talking about the fed. the fed is between a rock and a hard place. they can't raise interest rates significantly because that would cause the economy to come crashing down and everyone to lose everything they've put into stocks. but, you know, if they keep printing money, then people will see prices continue to go up in the form of inflation which is crushing the middle class are, crushing savers and crushing people who are low income. what is the fed to do, right? and that's what bitcoiners are so passionate about because this is a form of digital property that no one can take from you, no one can control, no one can manipulate, no one can print. and we are here in miami at the bitcoin conference just educating the public on how this is the most powerful digital asset that was ever invented. it is scarce, it is decentralized, and it is bringing people into this movement that is about financial

inclusivity. neil: you know, when people originally bought bitcoin and now some of these other derivative restaurants and all -- instrument, and all, was the quick money made and they got out, or are some of the early crowd still in? i could see some of the volatility affecting new investors, but how would you define who's into this these days? >> this is a long-term hold. we have a saying in bitcoin called hold on for dear life. that's not really what it stands for, but that's what we say because you're supposed to hold on to it. it is a long-term investment strategy. anytime that there's a new technology, the earliest adopters do benefit. but you know what? we are now 13 years in. this technology is being adopted faster than the internet was in the '90s, and if you bought bitcoin and held on for at least four years, you're in the green. you are making money as opposed to if you keep your money in cash. you are basically having your money sit in a melting ice cube because it's losing value due to inflation.

and the cpi, that's not really the number, right? i'm sure you know that. if you look at the amount that the s&p has appreciated which is about 20% year-over-year, that's about the amount of inflation, and people are feeling that at the grocery store, at the gas pump, and that's wrong. the people at the top benefit, and the people in the -- neil: but it depends on when you would have gotten in, right, natalie? if you got in at 60,000 per bitcoin or 55,000 and now you're in the low 40s, it's always a timing issue. but that is not dissuading investors? they're going to stick with the ride, do you think? >> no, because, again, this is a long-term investment. this isn't something that we encourage people to buy and then trade, we encourage people to buy and hold. in fact, one of the speaks here at the conference said mantra is do not sell your bitcoin. this is a long-term investment strategy that allows you to plan for the future. think about it, most people can't plan for the future. you put your money in a bank account, you get .001% interest, you have to become a day trader

on the side to risk your money. the next house you buy is 20% higher. so there's not a lot of places where you can put your money that is not subject to manipulation or corruption or coercion of the government, and that's why we're so passionate about bitcoin. yes, you might have bought at 60,000, but, you know, in ten years you might be happy that you did. neil: all right. natalie, great seeing you again. enjoy florida. natalie brunell on all of that. you've heard a lot about the controversy in whether disney is going too woke. a lot of people are ticked off about that. we're looking at it, more ticked off about the prices at disney, not the policies of disney. after this. ♪ muck if. ♪ ♪ you can't buy love. happiness. or confidence. but you can invest in them. at t. rowe price our strategic investing approach can help you build

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own customers getting whacked or whacking them? prices have been going up at an obscene rate, so much so that even disney has acknowledged at least for disney the+subscribers tentatively planning to offer to subscribers that they can save on bookings at the animal kingdom lodge and the contemporary resort, the grand floridian resort and spa, walt disney world properties right now. they might have heard what my next guest was with going to talk about. jimmy failla joins us right now, very funny guy, very perceptive guy too. and you were saying -- i don't want to give your approach away, jimmy -- look, the problem you have is nothing about the woke culture here, it's the price culture. >> that's the thing, disney keeps screaming about inclusion, but they have a price point to get into that park that is pretty exclusionary, you know what i mean? i went there when i was driving a cab in 2012, i'm still paying interest on a hot letsing --

[laughter] -- prelts el. neil: you can imagine what the turkey is like. >> oh, it's crazy! it's psychotic, neil. but when they give you this, oh, well, we're reducing the price point of admission, what everyone needs to know about disney's parks is everything's based on a character. and that character kind of dictates the quality of your experience. if you're staying in cinderella's castle, you're doing okay. the discount room is cruella are deville's dog pound -- [laughter] neil: the prices you're speaking here, way beyond inflation. i understand everything went to almost a halt during covid, but they've more than made up for that. >> oh, it's bananas. when you think about them saying they want to be inclusive, more people have a harder time dealing with the price than they do the pronouns. there's not a family sitting outside saying disney world, oh, i wish they could go in only they didn't rename the bathroom.

it was escapism. you wanted to get away are from this stuff. no kid wants to go on a ride called snow white and the seven genders. [laughter] you just want to go, have a nice time. and with all due respect to people who identify as such, disney was not the place we went to be reminded of our ideological differences. it was a place we went to escape them. neil: now they're pulled and pushed on both ends from average folks who are saying what you are, keep your political views to yourself, stay out of state issues that come up. and then, you know, the very strong-willed crowd that says, no, no, no, you stand for something, where this state is going is a mistake, so why do they get involved at all? why don't they just abstain from that? because there's no win here. >> i think corporate america has been hijacked internally by the woke faction they have placated on other issues, and they've created this mind item set that

if someone has a grievance, it's going to be weaponized internally, so better to accommodate it and make it go away than speak to what we know to be the truth. speak to what we know to be best for our business model. because if you ask disney shareholders, they're not saying, rah, rah, let's get 'em, they're staying, dude, you might want to keep it down especially when you consider the other countries they're doing business in. neil: that blew me away. >> you're talking about don't say gay? they want you to get mad at florida, and i think that's projection on their part. finish. neil: governor desantis has talked about, as you know, this is favoritism. you guys get tax breaks. that might end. i wonder where this goes? >> disney quietly is hoping this just leaves the zeitgeist because they don't want to lose those tax breaks deep down, and desantis knows he's got 'em in this instance because most parents are on his side. at the end of the day, disney's job is to placate parents, so

how do you tell half of the parents we don't care what you think, you know? neil: yeah. >> they're in a tough spot. neil: and a lot of their gay visitors, you know, also have wallets, and they could feel the impact of those higher prices you kept mentioning, and that's not friendly no matter what your sexual persuasion. >> the only thing i would say is you have to be open to all persuasions if you're going to go because the park really is so expensive, you'll wind up turning tricks behind space mountain just break even. neil: look at the time. [laughter] thank you very much. very funny guy. you make a point here. disney, you might not want to push things. >> all right. we have a lot more coming up including a look at the dow and a look at interest rates as they continue to back up. we told you about mortgage rates that are very close to hitting an inflection point at which we're told they stop looking for a home. how close close are we? elle tell you. -- i'll tell you. ♪

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been dutifully paying off their student loans or their parents have been helping them, and they're not part of all of this. the read from lydia hu in new york city with more on that. >> reporter: hi there, neil. yeah, as you can imagine, a lot of frustration coming from folks that have already paid off their federal student loans. we had a chance to one young man who paid off all of his $27,000 in student loans in just 11 months. another young woman tells us she's still act fly paying -- actively paying off her student loans despite the pause in repayment. watch. >> transfer -- [inaudible] from everyday americans to college-educated, it's quite unfair. >> i knew what i set myself up for when i was taking out these blowns. it's many -- loans. it's something that i committed to. you wouldn't -- a mortgage for a house and not pay your mortgage. >> reporter: but this is the

sixth pause on student loan repayments, and some say it doesn't go far enough. the calls for student loan forgiveness are growing louder among progress is. progressives. >> the reality is if we cancel 10,000 or 50,000 of our own student debt, it's going to cost the government hundreds of billions if not there trillions of dollars, and most of that benefit is going to go to people that are doing quite well. >> reporter: and if this -- [audio difficulty] responsible federal budget estimates that canceling the full $1.6 trillion the country has in federal student loans would ultimately add about half a percent to the nation's inflation within a year. that's quite a significant sum considering the target is around 2%, and right now the country's running awfully high at -- [audio difficulty] the past year. neil. neil: all right, lydia, thank you. to say nothing of what it's

adding to the deficit and debt. dan geltrude on this. dan, someone has obey for this. has to pay for this. who do you think it's going to be? >> i think it's going to be neil cavuto, and maybe it should be. look, the taxpayers are going to be on the hook. when you're talking about, neil, it's $5 billion a month in interest charges right now that the federal government has put on hold. so who's making up that difference? of course, it's the taxpayers. and if we're talking about the possibility of forgiving all this student debt, of course it's going to come back to all of us to have to make up that difference. neil: so where does this go in you know, this is happening at the same time, you know, they're debating what could be a 10-15 billion dollar covid leaf measure -- relief measure. where does it stop? >> you know, neil, with the moratorium right now on student

debt in terms of no payment being made now until august 31st, this is a prime example of when the government starts to give stuff away, how hard it is to take it back. now, these loans have to be paid at some point in time. but the fact that these politicians have given a free pass for so long, what are they going to pull -- when are they going to pull it back? in november of when you have the midterms? i don't think so. so we continue to kick this can down the road, republicans and democrats. nobody wants to have any if type of fiscal responsibility here, meehl. and until we do that -- neil. until we do that, the debt is going to continue to explode the way it is. and and how about this? with interest rates going up, it's only going to get more expensive for all taxpayers. neil: you know, it's interesting because they could move fast on the things that they want to, and they should anyway -- i'm

talking about the supreme court nomination of, you know, ketanji brown jackson. that they're taking up as we speak for a vote. she's likely to be approve if today. but they fast track that, and i always wonder why they can't fast track a lot more stuff. i think this is important to fast track and get resolved even though once approved, she's going to have to sit a while and wait for judge breyer himself to finish out term. having said that, they have the ability to move fast on things just like when you're the 1 11th hour, you know, negotiations to prevent a government shutdown. that's when they get stuff done. that that's the way they do everything though. i'm just wondering why the way they're handling this, the judge's situation, why they can't do that with all these pressing matters. >> well, they certainly can do it. but it comes down to one simple fact, they all vote, and they all press and they all move base based on what they think is going to benefit them. in other words, how is going to impact my re-election.

so if this is good for me and me retaining my seat in congress, then this is something that's a priority, and we have to get it done fast. if this is something that, well, i'm not so sure this is going to help me, then maybe we need to put that on hold. and that's why the bigger discussion point, neil, with all of this is term limits because if you can put people in office that could actually make the right decision without worrying about how it's going to impact re-election, we may actually be able to get some things of substance and importance done timely. neil: all right. and then you woke up, dan. [laughter] you might be right. we shall see. more after this.

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neil: all right the senate is taking up the vote on ketanji brown jackson to be the next supreme court associate justice. her prospects look good. so to us charles payne right now. good afternoon, i'm charles payne, this is "making money." breaking at this moment, in the market there are philosophies and facts. the former is changing at light speed as the federal reserve prepares to yank trillions of dollars out of the economy. what it means for your portfolio. i have some of the best in the business to help navigate this brave new world. the shocking amount of wealth college grads accumulated before the pandemic. maybe they should be hauled before congress. instead aoc