worthless information, if you lay out the jellybeans end to end they would circle the earth three times. i want to tell a quick story, the beatles at the height of beatlemania made a mistake saying our favorite candy is jellybeans. from there on out whenever they appeared in public they were pelted with jellybeans. george harrison eventually had to say, knock it off, people, they hurt. neil, it is yours. neil: i don't know how to top that following that with all the developments on the inflation front. numbers we haven't seen since ronald reagan was president. the big story in new york city, this train station attack, where 13 are injured, five shot. this happening at a time when it was the busy morning commute. the fbi is now assisting the new york police department on this. waiting for an update from the

nypd. for all i know the fbi will be represented in the press conference. let's go to eric shawn monitoring all the developments. what we know so far. hey, eric. reporter: very bizarre situation ongoing. five people shot, probably more. 16 in total injured in the incident happened at 8:30 this morning, shortly before that, in sunset park, brooklyn. northbound "n" train heading toward manhattan, people fleeing out of that subway car after shots were fired and the shooter apparently setting off some type after smoke bomb device. you can see all the smoke eminating from the car. the car 551, the third car in that train. one man you can see stumbles out and collapses on the floor of the platform as self people shot in this incident. police are engaged in a massive manhunt in new york city for the suspect, described as a male, black, five foot five inches

tall. he was dressed in a construction-type vest. apparently had a gas mask. this obviously was premeditated in some way. authorities do not know if this is exactly a terrorist incident. whether this suspect is just mentally unstable, or it started in some type of a dispute. we will hear more momentarily when the news conference begins but clearly if this suspect had a gas mask as has been reported, and had a smoke bomb to try to divert attention when he opened fire with those shots in that subway car, obviously it was premeditated in some way. new york city recently had some other type of fire incidents. in 2020 a motor man was killed when a homeless man set fire to a garbage can on a subway car. in 2017, a suspect admit ad pipe bomb. was found a pipe bomb in

committee substitute way corridor near penn station. in 2017 also a convict shun for a isis-related terrorist bombing plot to bomb the new york city subway system. we do the know the incident or situation here yet. we're told, reports say a camera in that station was not working but police combing through all the surveillance cameras on the subway line, on the streets, to try to find out to nab the suspect right now on the loose. neil, at least 1people injured. five shot, if not more, in this bizarre incident that happened this morning on an "n" train in sunset park brooklyn, south of tip of manhattan. we're waiting for that news conference to get more details as we get them. neil: eric, thank you very much we'll monitor when the police take to the microphones, whether the guy behind the attack had accomplices or help.

we don't know. hope to get more details shortly. you're probably wondering with an inflation report the worst in four decades why stocks were up because some were looking at it worse than that particularly the core number. susan li following all the developments j are we up on this? reporter: core as you mentioned strips out the volatile and energy food components. those are the main contributors to the eight 1/2 price increase, the fastest inflation we've seen since 1981. you strip that out, core, actually moderated, came in slower than anticipated. a lot of economists are say having we reached peak inflation. if you look at it, i know you feel it when you go to the supermarket. food prices are up 1% in february, month over month. energy, you saw the biggest increase at pump, almost since 2005 from what i saw. for gas prices to be up 18% at the pump, you're feeling it when you trying to get to work, doing

everyday travel, right? so for every tay americans -- neil: this could be peaking right? this might be a leap of faith. normally headline number 8 1/2% it is jarring year-over-year. we were kind of expects it. reporter: we were expecting it. the white house press briefing setting the stage for what they call extraordinarily high inflation. then obviously -- neil: i never seen you do this. reporter: because they set the stage. you thought okay this is going to be a huge number tomorrow. i think wall street was already anticipating it. why we saw the selloff to start off this week. when you think about it, interest rates are going to spike pretty sharply in the short term. so wall street priced a near certainty, 95% probability we're going to get a 50 basis-point hike by the federal reserve next month. neil: that is the may 3, 4 meet. reporter: that's right. neil: by same percentage, another half-point hike in june.

reporter: actually three expected for entire year. neil: is that right. nothing in this report dissuaded them of that notion? reporter: i don't think so. think they have to go. 3 1/2% is much higher than a 2% cap in inflation as far as the federal reserve mandate. we're already at full employment. so the fed put, they said, they have very aggressive with voicing, talking the market down, telling you they were going to get aggressive with inflation. that they're hiking rates by 2 1/2% this year. neil: if you, i always tell people how old i am, look at march, compare now to 1982, when it was just as high, do you know what was going on back in that time? reporter: well i think this would be for you to teach me about history, what was happening -- neil: funny you should say that prince william was born in that

year. michael jackson just released his album "thriller." "e.t.," the movie, came out. reporter: yes, sir. neil: and ronald reagan was increasingly thought of being a one-termer because things were so bad. reporter: wow. neil: he won in a landslide. reporter: that's right. neil: a little perspective. reporter: we talked about this over and over again stocks can rise in a rising rate environment, right? neil: that is an excellent point. reporter: even if yields invert, this recession, only one wall street bank actually pricing in a recession right now which is deutsche bank could see this maybe 18 to 24 months, doesn't mean you don't make money in the stock market. five out of the past eight hiking cycles we've seen stock markets go up. neil: that's very true. reporter: don't you think for average americans, folks earning wages, yes wages are going up 5% but real worker wages actually dropped in a month thanks to

inflation, 41-year highs. neil: right. reporter: earnings dropped by 1% in a month. neil: a lot of people say, will leave you, sort of a real light index that some organizations -- the grocery store, a lot of favorite things people buy -- reporter: bacon. neil: double digits. another thing for wages to go up at 5% clip, if they're going up at 15, 20% clip, it is even more severe. reporter: yeah. neil: just don't know. just don't know. "family ties" with michael j. fox. reporter: that was a great show. neil: that was year i got engaged. reporter: buried the lead. neil: shocker, she said yes. how time flies. thank you, susan excellent job as always. these kids today. go to another kid pretty good following this, edward lawrence my buddy at the white house, how the administration will respond to all of this. they have been looking at

inflation, blaming it on vladmir putin, blaming it on anything but themselves and apparently if you think about it it is resonating, a lot of folk, at least a strong plurality agree with him. at least they keep saying it. what do we expect out of the white house later? reporter: neil, this is the first inflation report that does impact, come from that after the invasion happened. the invasion happened on february 24th. in is the march inflation report. i got one number, 7.8 inflation number the largest year-over-year increase since 1981 when "raiders of the lost ark" is still in the movie theaters, when we went to movies then. when you touch on this number. neil: h, look on inside this up number, a lot of items are expensive. meat up 14.6%. chicken up 2.2%. fish up 10.9%. eggs up 11.2%, milk up 13.2%.

all these increases you touched on a, far outpace of average hourly wages increase. all but fish, doubled on the increase. white house blaming this on the russian invasion. spike in oil increased gas prices, gas prices are up 48% year-over-year in this. it is affecting our wallets directly and indirectly by things we buy including lunch, food is up 6.9% year-over-year. listen to this. >> the cost have definitely gone up over the last call it six to 12 months. fortunately for us we've got really strong, a really strong brand with a really strong value proposition. as we dealt with these costs, some resulted in pricing and some of it is also we found ways to be more efficient, hopefully can figure out how to you know, keep out the inflation from the business but it's been unavoidable. reporter: been unavoidable. that is the ceo of chipotle. now the white house is working

on stopgap measures to try to get gas prices down. you know about the strategic petroleum oil reserve releases, allowing ethanol gas to be sold in the summer. that gas is only sold at 2300 gas stations. represents 1.5% of all fueling stations. with the e15 gas, your fuel economy will go down. it increases smog in some area. it's a stopgap measure the administration try toing to bring down gas price, which will bring down overall inflation, when they believe more oil production comes online. we'll see if all the dominoes fall into place. neil: edward, thank you very much for that. i want to take you to midtown manhattan where police are giving us an update what transpired this morning at a brooklyn train station, 13 injured, five shot, culprit, the agitator still on the run run.

listen in. >> thank you. good afternoon. we'll update new yorkers about an active shooting incident tongue place inside the 36th street subway station on the n line. i want to assure the public there are know known explosive devices on the subway trains and this is not being investigated as an act of terrorism at this time. we can also report although this was a violent incident, reportedly with no one with life threatening injure inresult of this case. this case is five hours old. please note the information is subject to change. just before 8:24 this morning at manhattan bound "n" train waited to head into the 36th street station, a person in the train donned what appeared to be a gas mask. he had a canister out of his bag and opened it. the train filled with smoke. he opened fire, striking multiple people on the subway and the platform.

again we will describe him as an individual, he is being reported as a male black, approximately five feet five inches tall with a heavy build. he was wearing a green construction type vest and hooded sweatshirt. the color is gray. at this time we are working with our federal partners where we're asking for the public's health. anyone with information, videos or photographs, no matter how insignificant they think they may be is encouraged to call crimestoppers at 800-577-tips all calls are strictly confidential. i would like to turn it over to the fdny to give information about the victim. i apologize. the governor would like to speak now. governor holcomb. my apologies. >> good afternoon. this morning ordinary new yorkers woke up in anticipation of a relatively normal day. they left their homes enroute to

schools, enroute to their jobs and to a normal day as i mentioned. that sense of tranquilitity and normalness was disrupted, brutally disrupted by an individual so cold-hearted and depraved of heart that they had no caring about the individuals that they assaulted as they simply went about their daily lives this individual is still on the loose. this person is dangerous. they're asking individuals to be very vigilant and alert. we get more reports on specificity as the day goes on. this is active shooter situation right now in the city of new york. i just got off the phone account the mayor. he is recovering well. monitoring. actively engaged in the situation. i wanted to let him know the people of the entire state of new york stand with the people of this city, this community and we say no more, no more mass shootings. no more disrupting lives. no more creating heart break for

people just trying to live their as normal new yorkers. it has to end, it ends now. we are sick and tired of reading headlines about crime, whether they're mass shootings, loss of a teenage girl, or a 13-year-old. it has to stop. i'm committing the full resources of our state to fight this surge of crime, this insanity seizing our city because we want to get back to normal. it has been a long, hard, two years. that's what weigh crave that sense of stability and normalcy and this is what the mayor and i will continue to work towards and i thank the partners, the brave people of the mpa, first ones who had the sense, the drivers of the trains to leave the station, to make sure no more victims could be hurt. the nypd, fdny, state police, everyone involved in this has

one purpose. that is to stop the insanity of these crimes. you will hear now from our fire department. i wanted to thank them for being there to help us diffuse a volatile situation but we'll be giving continued reports as they unfold. again we ask everyone to be careful, be cautious, report what you see. it is likely someone out there listening to this will help us lead us to that individual. you have a description of what they're wearing. you know the details. this is the day we pull together as new yorkers, united in a common purpose to say, no more. that is what i'm going to continue to do as governor the state of new york, working with our local partners here. thank you. >> thank you. governor. good afternoon. this morning the fdny received reports of gunshot victims in a subway. thanks to their quick response we were able to treat 16 patients. 10 of those patients are

suffering from gunshot wounds at this time and five of them are in critical but stable condition in our local hospitals. >> can you say that again? >> we have 16 total patients, 10 of them are suffering from gunshot wounds and five of them are in critical but stable condition at this time. i'm going to pass it over to the mta for an update on our subways >> okay. first of all we have to thank the nypd and the fdny and the whole team who have done so much to protect us and help immediately to recover from this situation and i also need to acknowledge the mta workers who had, who had the foresight to immediately a train that was on the platform, the r train out of the station to carry people to safety. that was smart thinking. right now b service is suspended. w service is is spended. the d and the n and the r are

running with suspensions and some shuttle buses and folks should check the website for the latest. obviously it's a disruptive day but a lot of the system is in fact running. i want to say one thing on a personal note, which is on 9/11 i stood on fourth avenue, watch people, new yorkers come back from that tragedy, and i thought, i watched new yorkers help each other and storekeepers walk out and give people water. that was the same thing we saw on the platform today. we saw new yorkers in a difficult situation, in an emergency helping each other. that's the subway riders. that is who new yorkers are. everyday they're showing people in the subway which is our public face, that new yorkers of all varieties can come together in small bases get along, create something bigger. that is what we remember in these emergencies as well as the tragedy and the thought for the quick recovery of the victims. new yorkers are incredibly resilient. just as they are in every

emergency and we thank them for what they have done and we thank the governor and the mayor for their leadership in all of our recovery from covid and from everyone of these challenges. >> zoo just to reiterate we'll be very limited in what we are able to answer in questions. just also underline our partners here. we've got mike reagan. mike reagan is the assistant special agent in charge of the joint terrorism task force with nypd. john is helping us with tracing efforts and investigation. special agent in charge of new york city. brooklyn district attorney, eric gonzalez who is also here. and of course chief ken cory, chief of the department and first deputy commission. we'll start off with questions for the police commissioner. reporter: suspect on the platform or in all happened in the 36th street station,

what happened down on 25th street? >> suspect was in the train car. the shooting egan in the train carport port can you give us more details exactly what happened in the car? did the suspect say anything? what type of weapon did he have, what was going on inside of the car as it all happened? >> as i stated before we have only limited information because it is under investigation. as the train was pulling into the station the suspect put on a gas mask. opened a canister in his bag. the car filled with smoke. after that he began shooting. [all shouting] >> one time. one time. reporter: commissioner does this appear to be random? any idea why this individual did this? and -- >> we do not know the motive at this time but we're not ruling anything out. reporter: what are other injuries were not gunshot. >> have to ask the fire department. >> variety of other injuries from smoke inhalation to shrapnel to panic from the incident. reporter: what was -- [inaudible] >> it could be from anything.

still under investigation at this time. could be a grazing from a bullet. could be from the panic following. reporter: not from an explosive device? >> not at this time. reporter: any idea [inaudible] >> that is subject to investigation. we're endeavoring to determine that right now. reporter: why do you connect this more to gun violence and not terrorism? why rule out terrorism? >> i'm not ruling out anything. we're determining the motivation. we'll find that out as investigation continues. reporter: victims one particular ethnically? >> no, sir. victims are a variety -- >> we got time for two more. reporter: why were the trains not shut down immediately? if they were were, would it be easily to catch the suspect? a that is not the case. reporter: were cameras working in the subway station. >> that is under investigation. reporter: do you suspect a mta worker given they were working

construction vests? or city worker? >> we have not identify the subject. reporter: governor you want to comment on arrest of your lieutenant governor? will you continue -- >> i will be happy to report on that later today. we'll have a statement out there. i have not had a chance to meet with him. i did media interviews. this is not the place i will be addressing it very shortly. focus on the fact that there are people in a hospital right now fighting for their lives. those are the people we're thinking about and praying for at this moment. >> thank you very much. we're going to get, hang on a second. hang on a second. we're going to get back to you with a time for an update later. the information is developing. we expect to have more later. that will not be -- neil: didn't learn much new in this brief presser here. a gunman fill ad rush hour subway train, that is what we know, filled with smoke, shot multiple people. he is on the run. they don't know where he is. they can't say for sure whether

they had accomplices or those helping him. we're also learning that there are possibilities here that everyone survives this. some who were in critical condition but all are expected to survive. 16 in all, which i should point out as well 10 were shot. the other six injured. we don't know the details of those injuries, whether tripping and falling coming out of that subway car. so much we don't know including just how far this went, how planned this was. mayor eric adams would normally be here for this of course, but as you know came down with covid. so he has to isolate and it must obviously bother him greatly. we're told he is on the phone talking with anyone and everyone about this. for new yorkers as you might imagine, so attuned to what happened on 9/11, anything like this obviously brings that back. this becomes a front and center concern. early indications are this could be a heck of a lot worse.

we have john catsimatidis, the name behind chris kritisdis and others. john, i go up to that day more than 20 years ago, what do you think of all of this? >> i think it's horrible. i've been talking every day, every week, every month to all of the politicians in new york. keep eight 1/2 million people safe. don't worry about the 3,000 violent criminals in the streets and we have them in the streets. i'm saying to them and the commissioner has said it, everybody else in the police department has said it, there are 3,000 criminals, 3,000, that is all there is in the streets of new york that should be in jails for a long time. and the politicians that are pushing for amnesty and they're pushing for whatever on those 3,000 violent, i'm not going

after the guy who stole a can of pea soup. the violent, the violent criminals deserve to be in jail, not stalking 8 1/2 million new yorkers. and i don't care, the politicians that are democrats or republicans, they have to stand up and say enough is enough. let's keep our eight 1/2 million people safe. the other place to turn, neil, we used to have 66 million tourists in new york city. how many of those are you think are now? are you think they will ever come back when they see on national television that new york is still a combat zone? maybe we should, under pretense remaim new york city dodge city, you know, the politicians in albany, which is the capital of new york are playing games with the people of new york.

they're obligated to keep our citizens safe and stop protecting the 3,000 violent criminals. enough is enough. neil: well in this case, john, we don't know the details, the guy who was behind the attack what his situation was or whether he was a well-known violent criminal, we just don't know but you do raise a good point about people just coming back to the city after covid. of course i think we're at anywhere, half to 2/3 where we were before covid struck. but we did learn in a number of polls that most new yorkers, those working in the city, are much more concerned about crime than they are about covid. i imagine an incident like this heightens that all over again? >> agreed 100% and all we're interested in violent crime. i don't want people to say, oh, this guy went to rikers island because after backpack. the person that said that to me,

how about the 25 children in new york city got shot, that will not have a life in their families, they will not have a life at all? neil: do you think people are now going to look at this like you said, kind of renews concerns, i think always on the tip of most new yorkers consciousness, looking back at 9/11, looking back at subway attacks we've seen where people have been pushed on to tracks by crazy psychotics, we've seen again and again a real concern among new yorkers to even take the subway, to even come into the city. i'm just wondering just as new yorkers are getting back does this disrupt that, slow that, maybe reverse that? >> it disrupts it. it reverses that. don't forget, you know, 57%, subways are only 57% and don't forget, 40% of public school students in new york city have not come back to school.

10% of charter schools and private schools are gone. what does that mean? you know, people in florida, say come on down but new york city is the greatest city in the world and unless we fix it this november, guess what? we've had it. neil: let me get, if you don't mind me switching gears, originally talking about inflation. we have a inflation report today the worst we've sign since ronald reagan was president. it was across the board. the market zoomed up on it. maybe not as bad as we thought. maybe we're gluttons for punishment. we expressed relief because it isn't as bad as it thought. i'm just wondering how long you see this going? the consensus seems to be at least today on this retail inflation report this might be the zenith, this might be the height of it. it all stablizes from here. do you buy that view? >> no, i don't buy it and i've

been, neil, you know i've been right all along for the last 12 months, even our friend larry kudlow admits that. the fact is, we're in the oil business and we're in the food business. so i get the advance pulse of the situation. gas prices are higher than ever and you might even see them higher depending on what's going on in europe. food prices are higher than ever. our people have -- neil: are your customers still paying for that though, john? how would they pivoted, if they pivoted at all? what are they changing in their behavior in the face of these higher prices? >> so far they're paying the difference. they want their oreo cookies even if it is $8 a package. they want their chips ahoy. national brands, people say okay, i will pay it, but we can solve this problem, neil. we can solve this problem and it

isn't with the ethanol. that is a lot of crap, neil. it isn't with the reserves. all they has to do, the president has to open up north america to where we were and we could have 15 million barrels a day! i don't understand why the white house is, makes north america the target. all we have to do is open up north america to crude production, et cetera, and the problem would be solved in 90 days. then at the end of the year you see zero inflation, zero. neil: how long do you think the way things are going now this inflation lasts? >> the inflation, the way things are going, it is going to last a while. neil: what's a while? >> they are going, they are going to ripping off the poor and middle class of our, north america, the united states

until, forever. i mean we're, we're making the american people poorer and -- neil: when you say a while, john, i understand where you're coming from. i take it you're not a fan of president biden. i will just take that leap. >> i like the guy. neil: one of the first guests on this show, elsewhere to say this inflation isn't transitory, neil. now you're saying it will last a while. it has been lasting now well over a year, so how much longer? >> i think you're going to see price increases for the next 90 to 120, 150 day unless something changes. neil: wow. great catching up with you john catsimatidis, united refining company,ing aing dagastinos he . we're harkening back to the late

1981 period, earlier 1982. to put into perspective last time we saw numbers like this, poltergeist was a big movie. "48 hours" very, very strong at the box office. officer and a gentlemen. tootsie, i might point out. we're reliving it now. not the movies, inflation. you're watching fox business. ♪. trading isn't just a hobby. it's your future. so you don't lose sight of the big picture, even when you're focused on what's happening right now. and thinkorswim® is right there with you. to help you become a smarter investor. with an innovative trading platform full of customizable tools. dedicated trade desk pros and a passionate trader community sharing strategies right on the platform. because we take trading as seriously as you do. thinkorswim® by td ameritrade

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neil: here is the good news on covid. in shanghai they're loosening up sop of the restrictions. that was enough to help oil prices start climbing. so you take what you can get because now there is no longer the fear the whole global economy will grind to a halt. there are still a serious problem there. the spikes and cases are pretty serious. the bad news there is a whole new variant. omicron xe.

i have no idea what it means. some are saying latest version. doesn't mean necessarily a dangerous version. we thought we would go right to the expert, former cdc director, dr. robert redfield who joins us right now. doctor, always great to have you. should we be worried about the new xe variant, whatever they're calling it? >> well, neil, thanks for having me. i think we have to be prepared, we have to be prepared, you will have a series of new variants. that is just what we're going to see as we went from the uk variant to delta, omicron, omicron two, we'll see a series of variants. every now one of them will emerge as the dominant variant to replace the previous variant that. is what we're up against from now until the end of time. series of new variants will eventually come in. what they will do become more transmissible as we've seen already and less pathogenic.

that evolution will continue. i don't think we should panic but this is the state of play now. neil: doctor, philadelphia as i'm sure you heard philadelphia will continue going for the foreseeability future. they continue for new york city, broadway shows, movie theaters, through the end of this month. what do you think of all of that? >> you know, neil, i think we're beyond that i think we have to move on. covid is going to be just a part of life. i'm a big advocate for personal responsibility, for each individual, to decide exactly and take responsibility for what their vaccine status is. i'm a big advocate of vaccines but they are going to have to be updated. it will be prioritized particularly for the most vulnerable. whether you wear a mask or not in a certain environment i think is a personal choice. i don't think mandates for vaccines or for masking really have any significant value at

this point in time and i think we should just turn that over to individual choice. neil: you know when you guys were working on "operation warp speed" in the trump administration did you have any idea of the time they were first, you know, coming to the public, that you would need multiple vaccinations, that there would be even be a call a year later for booster shots, maybe several booster shots? >> yeah, neil, i did. i think people see this from different angles. i saw it from the angle of being a clinical virologist. i thought it was very clear to us pretty much after the first six months, when you get naturally infected with covid that immunity that is induced, which is very important, it just doesn't last. it lasts four to six months. so i think it was unrealistic to expect that a countermeasure

vaccine necessarily would have greater durability. eventually i think we'll solve the problem and get greater durable vaccines. i think that is years ahead not months ahead. so it is likely now, we know the vaccine induces protection against serious illness, hospitalization and death for probably about four months. actually when we started with the wuhan strain it was close to eight to 12 months. with the uk strain, more like six to eight. delta it was four to six. omicron it was two. now omicron 2, it will be three to four. that is what we should expect. it is important to prioritize revaccination for more vulnerable of us. neil: doctor, i was talking to medical experts and those who have been examining the whole covid phenomenon, when they have talked originally about we'll treat this like we do the common flu, i had a couple of them back

the other day we wish it would be like the common flu. at least with that it's a shot once a year. here is might be recommended that you have several shots throughout the year. do you think that's the direction we're going in? >> yeah. this is not the common flu and i don't think this virus is going to evolve into the common flu unfortunately. at least with flu we know when the seasonality of flu is. this virus has the potential to surge all through the years as we've already seen. so i do think we'll see what we started, we'll see a continued evolution of new variants and when those new variants come they have the potential to cause surges. one of the reasons i'm not so worried about a surge right now, i know some of my colleagues are, so many people got infected by omicron, probably over 70% of our nation got infected by omicron, that natural immunity is still in play but that natural immunity, we're going to lose it as i said in three to four months.

people have had the third booster. that is still in play. that will be lost in three or four months. i'm concerned of a serious surge we'll have in october, november, december, january. again, i'm calling on each individual to take responsibility, to maintain their vaccination, particularly if they're vulnerable. those of us like myself that, i'm 70 years old. those people, over 50, those people serious comorbidities. they need to work with the health care professionals to keep their vaccine up to date. neil: i heard you listing all those who might want to do this. when you go through the list, doctor, i think of myself, check, check. doctor, very good seeing you again. be safe and be healthy. i appreciate it. >> yeah, great neil. thanks. god bless you. neil: dr. redfield. meanwhile want to bring your attention to manhattan today, brooklyn more to the point, where a train station was attacked today. we just don't know what the assailants goals were. he shot a lot of people but we're expecting all of them to

survive. five are in critical condition. all are expected to survive. 10 were shot outright. another six were injured. we don't know the extent of the injuries or how they were injured. some of them tripped and fell coming out of the car that was attacked. let's get latest from pod brodson, former nypd detective. very aware how new yorkers in particular have a certain sensitivity to something like this given 9/11. think about it, pat, it is never far removed from new yorkers minds and it all came back today. what do you think of what you have heard about this particular incident? >> very scary, neil, and good afternoon. the reality is that based on the known facts established by eyewitness accounts and conveyed by the police commissioner this is an individual who went into his backpack in a crowded train and did three things. he reached in, he put on a gas mask. the second thing he did, reach out to take out a smoke device.

the third thing he took out an all weapon, began firing randomly, striking a number of people that supports in my view a idealogical stance of some type. the nature which we can't discern at this time, but not a random criminal event. neil: so he intended to kill people and it looks, i don't want to take the leap here pat, as we often reminded me as we talked after other tragic shootings. no way to make a general statement at this point. he appeared to be acting alone. what do you make of that? >> that i can't state with any precision. neil: right. >> as we know, neil, from many, many times, there is a lot of fog and it is still very, very foggy. this one is in the subway system at rush hour over the course of a few stops. the crime scene is enormous. victims and witnesses and eyewitnesses, near witnesses are getting foggy. it is not deliberate. people remember the way their

mind works. could there have been another individual? could they be accomplice isn't absolutely. is there any evidence to support that at this time? by all accounts no. a sole actor what it sounds like. neil: i always think, your great value because you've been around the block a few times, not that you're old, pat, you know this stuff inside and out. what kind of advice you give people, people already leery of returning to work in the city, getting back on a subway, they hear something like this. you know you're really trapped once those subway doors close. so you're pretty vulnerable. what do you tell them? how do you tell them to behave, to act, to react? >> well, i will tell them what i tell my children who some travel on the subway in the city, is that because of the enormously successful efforts and ongoing and continuous efforts, the fbi, joint counter terrorist task force, under john nil letter and

other great folks, we thwarted, interrupted, stopped dozens and dozens of attacks that haven't made it to the press. they're really, really good at it. the probability, i don't want to say a needle in a haystack but extremely slim. in response to your yes it is just a great rule as a person in new york and other places to grow eyes, not just in the back of your head but grow some eyes on the side of your head. situational awareness, 360-degree awareness what is going on around you, you just can't go wrong with it. there is no downside to it. neil: pat, again to your point, so much we don't know. we do know that there was one report that had it that the assailant donned the mask, once he got in that car. now you're seeing the doors close. you see this guy doing that. what do you do? >> see that is the craziness of this covid, post-covid, i don't know where we are with covid. that is another madness.

neil: right. >> the reality bizarre facial coverings today are the norm. you know two years ago on march the 12th before the pandemic, if you and i were on a subway, what the is heck is a guy put aghast mask on for. today we might assess, we would assess it in completely different context. well he is a little extreme. listen i see people walking on the beach by themselves with a dog wearing two masks. everyone has different reaction, facial type of response to it as far as a covering. no, i don't think that would be a big tell. of course when he reached in and took out the smoke bomb and the weapon, no need to comment on that. neil: right. now, subways invariably end up act target for crazy people, whether those who push people on to tracks. we've seen a good deal on that in new york. in japan attacks on subway systems, you know, pushing

poison into the air, what is it about subways in general that, sort of bring out the worst or the, those planning the worst to plan it in subways underground? >> i think, i think there is a perceived and a real sense of anonymity because of the enormous crowds in new york city on the subway system. there is also an absolute plethora of exits. there is exits all over the place. there is so many options for escape. there are some options to mix into the crowd, go undetected. you step three feet over you're going west on another train. you got off, going north on a train. think of complexity trying to track someone walking, running, going topside on to the street and jump in a vehicle. it just, it just more attractive to the criminal mind and it is much more anonymous and more likely for success but i'll tell you this, neil, on the anniversary, the 20th anniversary of 9/11, we did

outfit 472 of the subway stations for the first time with cameras. that is a great thing. they're on the platforms. they're not on the cars yet. that is coming in september. you get the fare, on the platform itself and in the station. they're not all proactive. many are reactive. they're static. at least 30% today are being fed into a central monitoring location. this way you know if they're broken. now if these cameras are broken, who would know unless you did an independent test with them. that is the problem with proactive versus reactive, static versus central monitoring. we're moving in the right direction, we are, never quite quick enough. neil: to your point one of those cameras was down at this particular station. so many people had smartphones with them. video we are getting, to your point, pat. it is not coming from cameras installed in place but people with their smartphones that could solve this, maybe sooner

than we think. pat bross den always good getting your expertise, my friend. pat and i were going through the ticktock on this, we're getting information in from local police five are in critical condition, all expected to survive. about the a sail lant, was wearing a workers vest, then put on the gas mask. what is debate the he waited until he was in the subway car in brooklyn or as i 10ered it. he opened the canister that filled the subway car with smoke and in that smokey confusion exited the station and no one saw where he went. we'll have more after this. throughout history i've observed markets shaped by the intentional and unforeseeable. for investors who can navigate this landscape,

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root affects so many things. it really affects the airlines. it is the number one cost. if that fuel goes up, if they haven't hedged against fuel increases last year, year before they could have hedged they would be in much better position on increase. it is an airline by airline thing. what is happening they're cutting down the secondary markets f you're not in a major hub, even if you're in a major hub, you pay a lot of money, if you're in secondary hub, good luck getting service, a lot of airlines are cutting secondary hubs for service. they are trying to drive profitability at this point. they have this little tiny thing called pilots they're missing in a very, very big way. it goes back, you know, almost a little over a decade when they changed the rules about how many hours you need to be able to fly. how many hours you're allowed to fly. then with covid the airlines started laying off people and then things came back pretty quick, in terms of airlines. all of sudden, whoa, hold on a second, we need those guys back.

it is akin to hospitals laying off health care workers then crying they don't have any staff. neil: at the worst time. let me ask you real quick, mark, my biggest fear in that moment, not so much the price of the ticket, but whether i can get on any plane. how do you help people prevent getting stuck and stranded? >> well the challenge is, i would say look at the airlines having the biggest issue. southwest is the one that stands out the most. had issues with jetblue, issues with american. look at carriers that are squeezed the tightest and those are the ones that continue to have these disruptionses. they're blaming it on weather. they're blaming it on staff shortages, blaming it on meteors, blaming it on whole host of things. i would avoid airlines having those issues. go through a traditional travel agent, if you get stranded, they can get on the computer while everyone is standing in line, waiting on hold with the airline. they can basically find a different way to get you home.

that is what i did. i know a lot of agents. i work with agents. i know the business myself. so i can kind of get around it but i had to book last time six tickets out of nashville on southwest to get back through miami instead of fort lauderdale, 24 hours after i was supposed to arrive. that is challenge you're always going to have. it will get worse this summer. neil: that's lovely. more after this happiness. or confidence. but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. ♪ ♪

♪ ♪. neil: you probably did not realize olivia newton-john song that day was flashing inflation rates for every month every march from 1982 to present day because we are back to the 1982 levels of ronald reagan president just to put into perspective how long it has been since we were running at the retail inflation rate, prince william was just born that year. michael jackson just released his album thriller. et was released drew barrymore was a little girl, sally ride

became the first female astronaut ronald reagan six-point inflation and polls that were almost as low as joe biden now and everyone thought that is no way this guy is going to get reelected. i think he was reelected in the landslide. perspective is everything. what to make of the latest inflation the market responding on the belief that maybe this is the worst given the quarter rate minus the food and energy, we could be seeing the worst, jared bernstein probably hopes that's the case the chief economist and advisor to the vice president with us right now. jared when you look at this and what's going on do you get a sense that the market might be right that this is as bad as they get to be stubborn for a while but this is the worst of it? >> first of all it's good to be with you and for the record they were records back then i remember let's get physical.

>> everyone else here is iq is olivia newton-john. >> perspective is everything as you said and thank you for the question. the market may be right, we certainly saw easing of the core prices that is where you leave out energy and food but energy and food are creating real challenges for household budget and he is doing everything that he can including the historical release of barrels of oral from the strategic reserve 100,000,080 barrels over six months. probably your viewers no you may not know that the president worked with allies and partners to kick that up to 240 million. we are seeing some results of the pump, the price of oil down 10% so far in april and gas down

11 or 12. >> china and its problems with the covid spikes that is stopping demand. >> that's a great point it is a global price and our actions are part of what is going on. >> i know where the president is coming from he's not keen on that but he seems to be doing everything but. >> the president has been trying to talk to producers to make sure they are hitting their quota and hitting supplies and he's in iowa today talking about increasing the supply of a 15 ethanol and gasoline there is about 2300 stations in the midwest that sell e15 and this waiver to allow the sale and production will increase the supply of gasoline lowering the prices of galland by another 10 cents per gallon. neil: if you think he was to say i'm open overproduction, that's not the end-all, then he can say

i am doing everything that i can to turn this around? >> i think no one should be confused that a president who is releasing historical novels of barrels and coordinated that with allies and partners is very much looking for a walk and chew gum answer to the problems that we are facing. >> or demand is $100 million today. >> that is global demand. >> is working with global players in international energy. >> it is a global price we have already seen that his actions have helped to lower the global price, at the same time we have to also plot a course to clean energy to renewables electric vehicles. >> yk go full throttle. >> that's exactly what we wanted you. some of this is legislative and we have to work with congress to get to where we need to go. if i think of anybody looking at

you, politics does not recognize the importance of energy independence and freeing ourselves from autocratic vicious plutocrats then they're not paying attention. >> the last time i checked it's not exactly pope francis. were not above talking to guys like that were talking to iran. >> that is true but the same time you are talking about a world in which resources are flowing into russia and this president wants to make sure we help europe achieve energy independence by increasing exports of liquid natural gas that helps american producers. by the way you mention producers in the supply one of the things that we start to see his market signals are signaling to set up more rigs and pump more oil. that is the market something that i suspect. neil: i know the president has blamed a lot of this on vladimir putin. i get that.

but you must take some responsibility for some of this, the war i see but it reminds me of blaming the weight on thyroid. i know the president and my point is you guys seem to be blaming everyone but yourself, even a teeny part of it. >> i don't think that is accurate. >> wait a second. >> it is the war. >> i never hear some of this is on me but i will fix it. >> wait a second lobby address that directly. first of all march inflation up one point to percent, that is elevated, 70% of that is energy cost. over 60% is gas alone. we know that putin has his blood he fingerprints all over the

increase in energy. >> energy advance was prior to the start of the war. >> we also know that's what i was going to get out we know that our majors have increased demand in the economy going back to the rescue plan, what do i mean by that, 7.9 million jobs since this president got here, 3.6% unemployment almost the rate at pre-pandemic some of the best household balance sheets and the strongest earnings and that is part of a function of the relief from the american rescue plan. >> the also contributed to some of the inflation. >> were looking -- here's where you and i might be on this. were looking at strong demand and some of that strong demand was a function of the rescue plan which we will stand by all day lower child poverty, bringing an appointment down.

>> no regrets. >> a lot of that started the prior administration but pumped up on steroids. if things are like they are now would you recommend more government spending or would you say we are going to cool it. >> here's the thing i'll answer your question precisely that demand is a huge asset to working american families facing the most welcome laboring market in generations if not on record, we need to bring up the supply side of the economy to beat that the increase in labor surprised we see that in the energy that we talked about today whether you see 15 or the release but yes we have an aggressive set of agenda items including helping families with childcare, elder chair cost, prescription drugs in decreasing the economy supply-side to meet strong demand. that is the biden solution. neil: that could be

inflationary. >> got a few increases supply-side to meet the demand side. that increases the productive capacity and eases price pressure. >> we will wait to see if that happens. it's great to see you again. we don't have to do the diet analogy anymore. >> the chef and the restaurant owner probably all the stuff that we are talking about he's really into the meat and potatoes business and is paying more for meat and potatoes. when you see this what do you want to see we are told this is the worst of it may be over. what do you think? >> also a few things, the numbers are little bit watered-down and i'm saying based on my own antidotal evidence what i've seen over the past 12 - 18 months i've seen inflation that is doubled or tripled the numbers be presented as a country.

i think there is politics in which we present the numbers. we do in our own personal lives but taking a baton from your previous guests he talks about how strongest demand is and i would suggest amplification of demand is the result of the low supply i don't think it's the demand driving everything but it's cracked up at the porch and we cannot get the products into the restaurant we have a high demand. neil: what you do how much can you pass along to your customers? >> you can't you cannot pass the line share along or you will go out of business. especially if you're going out of business. the larger backed firms will have the cash to the sidelines to take and margin compression to deal with this to some degree but it's a one-off, three off mom-and-pop restaurants that don't have the capacity to pay the dollars that they need to in order to get the goods, there is bidding going on in the

industry. >> what is their behavior been like in the face of this. how do you deal with that. >> let's look at the perspective of a burger i promise i will not talk about thyroid or any of them. when it comes to the 10-dollar burger we see price of goods or up 20 - 30% overall if i need to increase the burger from 10 - $13 during exorbitant amount of tax even local sales tax the customer is paying $14 were before they thought they were paying the $9.99. other willing to pay the extra dollars. frank answered that as no. >> they would gladly pay double from what i hear. >> all put lobster on that burger, a totally different story. >> chef and restaurant owner he knows what he speaks and he deals with it in real practical terms. expertise, jackie deangelis joined us the college business of economics professor period i

so wish i had professors. it would've done a lot better. let me get you take really quickly on where were going. it's easy to play a political game, that is a circle argument, but where we go from here. >> the markets are hanging on this idea that the core inflation reflex where were going. i think that is a mistake to do that. the core inflation was down because used-car prices were down. we will hang this mark on used-car prices. the fact on the oil and gas there is as much uncertainty as ever you press jerry bernstein what are we doing with supply, oil and gas. he gave you not answer but say this about increase in supply, where you want to start you gotta start with energy production, we are getting a blip down because china shut

things down do you want to rely on china to keep prices low? i don't think so. neil: the history on inflation, people will continue to pay the higher prices until they don't. it is at that stage that you have to worry about the stag part of the inflation. we might be seeing that now i'm wondering where that goes. >> were at the tipping point but people have conversations with our saying i've cut down how much i going to even buying the hamburger because the pent-up demand we were willing to spend whatever for the experience and to be out there and now people are looking at their budget and started to essentially feel it. i will say the inflation has persisted long enough that the core inflation does not matter at this point because food and

energy are the two things that consumers care about the most and impact their budgets of most pdc the 8.5% year-over-year headline that is still very troubling that is backward away anytime soon. >> when you hear the wealthy hunker down and not go crazy that could tell you something. they insulate themselves through asset prices when it comes to inflation folks cannot we are seeing a lot of signs in the economy that people are economizing on what they're buying it a brand name to a generic to a larger size to a smaller size. >> it can pivot so much. >> you cannot personally adapt that much until you get to the point that i will fundamentally live differently that's where you talk about recession i think that conversation is going to move from inflation to recession especially as we get to the summer, people want to live i

think they will be doing the last bits of spending but will we get into september october timeframe and you through the summer and the prices are elevated, that's when you can start to see the big recession concerns. >> all the major investment firms are forecasting at the latest and mid-2023. but you could take that and say that is the consensus. it's gotta be wrong. >> you could but you could step back and see what's happening we see a and our own lives, everything a person is looking at a budget whether you're on the lower income or higher income i have friends who i say let's not go out for the expensive new york dinner on friday night let's cook at home and buy a bottle at the liquor store. >> these are rich friends. >> that's what you're going to get. i want to make a point to what jerry bernstein said about the supply of oil they are looking

at this extremely differently, they are saying energy independence is going green completely. where as those in the oil industry and former presidents look to energy independence as pumping in this country we have the cleanest energy. >> about about our natural gas. >> we are not doing it. i've a special coming on fox nation that will stream today called bone dry and we speak to the producers themselves and they essentially say they are not drilling or exploring they are not making those investments because they feel this administration has waged war on their industry and those investments will not pay off. that is the key that's why we do not produce more energy. if the energy were to say we will throw money at pipeline and subsidize you to get you off the ground and get this moving quickly maybe they would change their tune but that's not happening because the president gets up to a podium and begs them to drill now. >> i find it weird now they're

saying drill baby drill. i think with this thing started. leaving that aside i'm curious what you make of the war the big wildcard we will be getting to ukraine in just a second period that is the big unanswerable. that could dictate everything. >> we keep leaving as the biggest unanswerable possible when we lean only on sanctions we were trying to use energy sanctions, they are incredibly leaky the price of the ruble came back up russia's ticket a more energy revenue than ever before. you can control that if you control the supply under only in which is why production energy independence is so critical. they said they're using every level of their disposal that is completely false they have left open the biggest lover possible which is production in this country. until they do that they have not played the cards that we really

have. neil: i think i want to thank you very much. professor, would've, should've, could've. i love you enthusiasm. i was helping with the food inflation to have people back on the set. we have to try harder or challenged if you want to say. let's take a look at the variables. the market is up on the core inflation report minus food and energy may be coming in if we were to look at these figures and say it's not as high as 6.6%. you would be doing a jig on that's a weird time it is what it is. let's get the latest on the other factor that can influence where these numbers go that is the ongoing war in ukraine and a brutal war of a widening of

russian campaign that could get even more brutal. alex hogan and levin with more on that. >> two thirds of the children in ukraine have now been displaced they are out of their homes internally or outside of the country the un said 142 children have died so far into a driven 30 had been critically wounded in these attacks but the emergency director said that likely is a sliver of the numbers that we will see. >> i don't remember many places where we had children in a short-term. >> among the hardest hit areas with local leaders a large numbers of children have died is mariupol, the pentagon said it is closely watching reports of a possible chemical weapon attack. the kremlin denies such actions taking place. ukrainian president volodymyr

zelenskyy warned that russia could turn to chemical weapons in a new phase of this war and he's calling on nato to take stronger action, he thinks the uk for sending vehicles and missiles for further military support, today russian president vladimir putin made a visit to the eastern side insisting that the military will achieve in school in ukraine, russian troops continue to build up around the eastern side of the country in the last 24 hours they have been targeting the town of kharkiv, they've also been moving some of the resources to the town nearby day 48 of the war, the invasion here and people who lived here say they cannot believe what is happened to their country. neil: thank you very much. with the brutal campaign. it can make everything pale by

comparison, jason joins us the former state department counterterrorism finance director. good to have you. ukrainian president is preparing us for the worst. is it going to be that bad or brutal with the new russian general coming in. is that what we are looking at? >> i think it is it's going to intensify and over the next few months the killing that we see on the russian side is going to get worse. we have to prepare for the worst and we have to continue our efforts to support the ukrainian government in every way that we can. this inclusion of the new general was taking over has a brutal history and a lot of blood on his hands in terms of support to the syrian regime in the past. that's a bad indicator that things are going to get worse. neil: general aleksandr dvornikov was brutal in syria

and behind the killing of thousands of civilians. we are told in you know more about it that that was a strategy. it makes those who would fight back give up. that does not happen in ukraine. what you see happening here? >> part of the strategy is to demoralize the ukrainians and over the last two months that hasn't worked but it can intensify and that is what is worrying me right now it'll become more brutal and will see more events like abuja and terrible tragedy and mariupol and civilians die and it's only going to get worse and that is all the more reason that the west and the united states have to step up the pressure and continue to provide a broad array of support to the ukrainian government in terms of diplomatic, sanctions in military. >> and military the game changes

a little bit. russia is trying to lock on the eastern part of the country and has a large portion as we speak into go further into the south linda becomes more of a land war in different types of heavy weapons. how would you describe what they need? >> i think they need a mix of things, i think they need more x300 air defenses it is still going to be an area in which russia tried to exert their dominance. central europe has a large repository of tanks that can move into ukraine because i do think there is going to be a grand component in providing more tanks to the ukrainians could be beneficial in their effort to push back against the russians. we should continue to provide javelins which opened successful and more drones as well and we

can use in a conservative manner to go after the russians are forming in the east and southern portions of ukraine. neil: while i have you, finland and sweden are very close to joining nato are wanting to join nato they have been resisting that in the past. now vladimir putin saying in the soprano voice, i don't think that would be a good idea. what do you think he does if they do? >> i don't think he has the capability to do much, he's overextended in ukraine what we may see our additional threats by the russians along the lines of nuclear deterrent efforts on their side, we can see the potential chemical weapons in ukraine as one response to a potential finland and sweden, we were using one report that is unverified that russians may have used chemical weapons scene from a far right group within the ukrainian regiment, we need

to verify that but these are the things that worry me in terms of how an expansion of nato. >> take you very, very much. the counterterrorism finance director, we have a lot more coming up. the terror threat in new york, one guy we were told, they are still looking for him. he came on with a gas mask in a crowded subway car in brooklyn. everyone is thought to be able to survive this including various reports up to 60 were critically injured but everybody expected to survive but the guy who did is on the loose. we will have more after this. it. [limu emu squawks] woo! new personal record, limu! only pay for what you need. ♪ liberty, liberty, liberty, liberty. ♪

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welcome to your world. your why. what drives you? what do you want to leave behind? that's your why. it's your purpose, and we will work with you every step of the way to achieve it. neil: this brooklyn train attack

has a lot of people concerned, mainly because the guy behind is still on the lam, lauren simonetti with more. what are we learning? >> an active shooter situation in new york city, authorities say 16 people are being treated for injuries, they will be okay. ten shot and five in critical but stable condition this afternoon undone suspect tried as a black male started shooting a gun inside the subway car, listen for this. >> and began to fill with smoke, he opened fire tracking multiple people on the subway and in the platform. >> i wanted you to hear those people inside their normal commute. inside the subway car when they heard a gun pop, scary situation underground in that they are getting out without man opened up in smoke began from the new

york city police commissioner. he was waiting to get on the train he dropped his kid off at school another parents were on the aleksandr dvornikov. listen. >> everybody rushed up the stairs onto the street. the mta guy came running up there and eventually they pulled up one guy. >> kathy hochul boarding new yorkers to be vigilant. >> brutally disrupted by an individual, coldhearted and they had no caring about the individuals that they insulted as they simply went about their daily lives, this individual is still on the loose, this person is dangerous. >> the governor has been in touch with eric adams who has covid. we do not know the motive, terrorism is not be ruled out

but where is the suspect. the r train had moved in at the time and many of those people were told to get on the train and get out could the shooter be one of those people they got out. >> he somehow did get out. that's a double in the details. thank you so much i appreciated. the scope to the retired nypd lieutenant. joe always good having you we always talk into the circumstances per your always so kind to come on. what you make of what you've learned. >> the suspect use the chaotic situation to escape. i think this was planned out the way everybody has been speculating in the fact that he had the gun and the mask and prepared to do this, he picked the time, very busy time and very busy location in the confines of the seven to present. right now it's a matter of identifying.

i know everybody is in a rush and they want to know who we is. this takes time and sometimes we have to follow the process. they are going to take every piece of evidence whether it be ballistic or cell phone cameras or cameras in the subway or outside the subway they will identify where he got on it if they can piece it all together. put a timeline together as well with the pictures and get a picture of his face. more importantly the public, there is somebody out there that knows this individual that knows this individual may have spoken about doing something like this in the past and they need to be in touch with the police right away. the faster we identify, the faster we can put a rhyme or reason to this. >> do you think he had help? >> i would not speculate to say he had help. he might be alone perpetrator situation but you never know you don't rule anything out you never get tunnel vision in these

cases. you have to reach out to every avenue available to you and take every lead and go with it. could it come out double line, yes, they will do a victim obligee on the victims and find out if there's any correlation between this individual in the victims, maybe had one person in mind and maybe he had something, another avenue they may go down somebody may have problems in the subway over the past couple of weeks or months all the summonses that were issued and see if anybody fits that description. arrest or an altercation that they may have had a disgruntled employee. they will go through every one of these avenues at this point since he is not identified in an attempt to identify him. that will prove a good way to go in the next few hours. >> what is it about subway attacks. crazy people have pushed innocent passengers onto tracks. i'm going back to japan, again

and again, we have seen a lot of crime targets underground a good deal in new york which expands why so many why the work of the city is reluctant to return. everything has to do with crime. what is it about underground and subway centers? >> it is a confined well populated area but it is confined and has many targets for people that want to commit many crimes, yet pickpockets are people pushing people onto the trains. the homeless situation has contributed to a lot of these crimes. the fact that people are on the street and should be behind bars or be evaluated for these things, the subway has always been a place to pick and choose their targets. people that would have the robberies that would calculate

and what door to escape out of a certain exit once they committed a robbery and comes to the criminals on the victims of the subway. >> would use here of incidents like that and justifiable to say that is it i'm so out of here in the crime is a big issue, eric adams has just started 100 some odd days, the mayor of new york is trying to deal with this but it is an uphill fight, i'm just wondering this is part of that, very different i grant you, the crime is real. i'm just welcoming what you tell folks in any metropolitan area we seen spikes in this activity what to do. >> business as usual every day the have to use the subways en

masse transit. they have to use it to get to work to provide for their families. it is routine to get on the subway and what they have to do. when something like this happens it disrupts everything you have to stop questioning about the safety factor within the subways. the fact that we have to justify why we need a reason to get the guns off the street and not implement the program that we need right now within the due administration. mayor adams knows it we have to have a more uniform president but to give them the ability to do the job that they have to do to get the guns off the street and the criminals off the street and make a safer environment i'm not saying that would've prevented this individual. he could've sat at home for months planning this. for centuries we've been examining the criminal mind no rhyme or reason for some of the things and why people commit these crimes. you have to think about the person that has to get on the

train every day and they are the ones that see and hear everything and they come back and report things. you people coming back weeks from now and saying i noticed something different about this person in the put a rhyme or reason to what is happening. neil: i know my producer is going to go crazy i wanted to pick your brain on this guy somehow getting away. how do you think you manage that? >> it's easy he is the chaotic situation to get out of there he probably planned how he was going to do it, when he was good to get on and if you went through turnstile, there's anything they could examine they will put the pieces together combined with outside cameras not just what's in the subway they will do the i in the sky and if any stores in anything and stop putting the steps together and is exit as well what happened to the gas mask, what happened did this. people have to come forward and say john doe was talking about these canisters i saw him they will not get in trouble they

will be praise for doing something like that. neil: incredible, you are good at doing this. the retired nypd lieutenant, all of those cameras all over the place. they could provide a sequence of events to see how this guy got out of there and where he went. so much we do not know, the trying to find out. in the meantime the inflation report the haswell street not nearly as relieved as it was, let's say an hour ago, why is that? charlie gasparino after this. ♪

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neil: the inflation report is not great we are saying 40 year highs of inflation with a little less than we thought. if i would've said six and a

half% core inflation and you're saying a little bit more than a few weeks ago that's crazy people will sell off on that but it's what you get used to and that's what charlie gasparino is exploring how the markets reacted. as we speak there dramatically. those pre-did he think it happened in the next couple of hours. >> people who are experts like jeff said this is peak inflation. we will not go much beyond this. then i think people sat back and said why are we going to go much beyond this. the reason why the fed has five or six interest-rate hikes that they are planning and out of that changed with this report. >> including the hike and another one after that. >> i would say probably definitely. >> none of that was changed. >> addict the markets are starting to digest that we will probably have an economic slowdown. as you know in the history of

soft landings have been pretty few and far between. the last word i can think of i covered it in 1994 it was pretty nasty feds raised interest rates because it was a huge bubble in the bond market, people were selling all sorts of different bonds. then they raise rates dramatically and they pop the bubble and led to the orange county bankruptcy. i never thought of it the market was flat like a call the s&p but we didn't have a recession. >> is a something that comes out you mentioned orange county. >> that's a great point. even if we manage the soft landing which is a huge ask there will be dislocations and obviously would you raise rates you normalize evaluations. watch out for the mean stocks

the amcs of the work and trade-off dramatically, crypto can trade-off dramatically. >> amc could go down dramatically. >> where does money find a haven. >> if rates are rising you are normalizing rates and making saving much more efficient, therefore you buy bonds and you buy dividend stocks. >> there was in. you and i could remember where you had double-digit interest rates and you can get 12 or 14. >> my dad had that. >> i don't know for going there. this is not necessarily a bad thing people that do not have to risk their life savings and mean stocks. it could be. >> it sound like you're in for a rough ride. >> if the stock we still have a

massive rise from those of the pandemic. if things could normalize it a good way. can i switchgear's one major indication. i covered politics and finance and the democrats are big trouble. it is the stall domination for the fcc. >> the fraternal order of police, she said something about funding the police. she's a very prolific tweeter and an activist and very smart. neil: i've never seen them get involved. >> she veered out of the rowhouse which is communication and legal issues that she's very good at. they do not like her they put mark tilly on notice and master

cortez, both senators one from the latter from arizona and nevada or colorado, i think nevada. they are facing tough elections and they said you vote for her, we're coming for you. it shows you because of what policy how the country against that so fast. donald trump is not even be discussed right now. he is the best weapon that they had. i think they should think twitter for donald trump because you don't hear much about them and hear a lot about aoc and bernie sanders from the police. this is what. neil: thank you. this is a delicious combination. i bought this suit 20 years ago.

neil: charlie gasparino the best in the business. were beginning to note the big games for the 28 points we have a lot were covered up including what's happening with oil prices after this. matching your job description. visit indeed.com/hire this is remington. he's a member of the family, for sure. we always fed him kibble ♪♪ get started at longlivedogs.com

neil: as horrific the ukraine war has been for 45 plus days it's been going on we are entering a phase president zelenskyy said could make all that stuff pale by comparison. michael walks with us right now this is on the house foreign services committee of former green beret commander you do not miss with this guy. i'm always happy. by asking tough question he cannot hit me. always good to see you. thank you as always for your service. the your thoughts on where this word stands. it is a groundwork in the place to put into advantage and went to the ukraine's need in your eyes? >> i think president zelenskyy is right at about to go from awful to worse. the russians are concentrating their forces they put a new commander in charge that was responsible for many of the atrocities in syria including deliberately bombing over 50

hospitals. i think putin is going to take as much of eastern ukraine in the black sea coastline as he can and try to go to the negotiating table. president zelenskyy a terrible choice. do you want your country to be leveled and destroyed or except to give up his most industrial productive part of his country in eastern ukraine and the black sea coastline. to do that the russians are going to continue to level cities that compensate for the lack of capability and reports of what we should be doing. we should've been giving them long-range fires. there is a cold moment right now as the russians are reconstituting they are trying to rearm and reset. we should be helping the ukrainians hit those forces in the rear ended president zelenskyy continues to try to

hit putin's logistics in russia itself we should allow him to do that and help them with targeting intelligence and the weapon systems to do just that. the other thing very quickly. we should be communicating to put this is where body needs to be crystal clear if you go to weapons of mass destruction that means nato and american's direct involvement. we had to deter putin rather than continue to respond to him. >> a very good way to look at it to bill holden of not getting upset. michael waltz great seeing you, thank you. the dow is down 29 points may be a reassessment going on on the inflation numbers, inflation is a problem may be slightly less then this morning's trading.

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neil: all right. better of 200 points gains reversed. mable oil over $100 a barrel again. the dow down 23. see if my buddy charles payne can fix that. hey, charles. charles: thanks, neil. it will call for serious heavy lifting but i will try. neil: i know it. >> good afternoon, i'm charles payne. this is "making money." breaking now, the market higher on inflation news. it cohave been a lot worse. is the inflation scare over or is this a bear market bounce? right now it is looking like it. the yellow economy. i will show you what it looks like. it will blow your mind. meanwhile a subway attack in brooklyn leaves 28 people wounded. urban crime i