those videos of passenger celebrating and she said in a doted art the same thing as actual data. this administration of the party in general wants to keep the population masked up. but they are knocking to benefit politically because the american people want to move on and that is a side of it. >> god forbid people have a moment. that was jetblue. joe and leo thank you. "varney & company" is now. stuart taken away. stuart: unmassed. the morning to engine everyone. >> today we have a doozy for you, netflix lost 200,000 subscribers in the latest quarter the first loss in a decade. the stock is tanking. it is now down 28%. the ceo reed hastings is planning a new streaming service with ads, the netflix news is

playing havoc with other streaming related stocks. roku, paramount, disney, warner, warner bros. discovery is all down big time. a lot more coming up. here is elon musk twitter tesla news. as strange masked tweet blank is the night. is that scott fitzgerald tender is the night, elon musk likes to keep us guessing. the 43 billion-dollar bid to buy twitter, perhaps he will use his tesla stock as collateral from loan from the big banks but blackstone, brookfield amongst others giant investments will not help elon musk. separately tesla plant and shanghai will reopen with workers sleeping on the factory floor. the financial report this afternoon for the stock is up $7 right now. too the market is obligated yesterday. modest gains this morning, the dow will be up 140 in the s&p 20 and the nasdaq 60. bitcoin hitting $42000 early this morning up 421 right now.

interest rates backing away from the 3% level. the ten year treasury yielding 289. a little movement in the price of oil $103 a barrel but you are still going to pay an average of $4.11 for gasoline. that is not coming down and diesel is over $5, $5.6 per gallon of diesel. more news to world war ii tank battle is coming it is a battle that may decide the war. ukraine's allies everything to supply heavy modern weapons, game changing american could be in operation in days. real confusion over masks. fly on air force one, wear a mask. fly commercial, you do not have to. should we all go back to mask wearing, the administration will pass the buck to the cdc. same with the opening of the border to a new surge of migrants. should we lift title 42 the administration is passing the book to the cdc. where is the leadership.

it is wednesday april the 20th, that is for 20. if you don't know what that means walking the streets of new york and smell the breeze. "varney & company" is about to begin. ♪ >> i kind of like that with them i get you going. are not familiar with a particular guy. >> mid 90s stuff. >> we gotta get to netflix, they lots subscribers for the first time in a decade 200,000 downs, mark tapper is with me, what is the real problem. >> first thing is first, they shut down all the accounts in russia, i think that was 700,000 but that is not the main issue. we talked about this before all

of the covid darlings whether it be netflix, docusign, zoom, any of the covid darlings are getting crushed right now because they had all the pull forward at the beginning of the pandemic and now they realize the game is changing. for netflix right now what are the biggest issues i have with them is are starting to go down a different path they're starting to veer off course and there think about rolling out this ad supported version. the issue i have with that, let's hope it works but it is an unknown. since is an unknown and speculative. when things are speculative the multiple has to come down and that's what you're seeing with netflix right now. >> all the other streamers are way down. on the screen. >> there are way way down. that seems like that's a retreat from the whole streaming thing. >> it seems like there's way too many. i was talking with one of my

buddies a couple of weeks ago and i was like i wish i could come out with the technology where you go when it uses a.i. and you figure out which shows i like noah's ark and i like this and it canceled my memberships. save me $100 a month by canceling the ones i don't need. someone else will probably develop that. stuart: it would kill the stocks. there we have netflix in the streamers down big time. let's turn to twitter elon musk wants to invest 15 billion of his own money to buy twitter any plans to make his move and the next ten days. he said to be working with morgan stanley to raise 10 billion. the twitter stock is up 46 today. how do you think this thing lays out. >> i'm a big fan of elon musk. i think he gets it done. elon musk is a winner, he is not going to roll over and play dead if he gets knocked down he is good to get up and wipe the dirt

off and he's gonna fight. i think he does get this done and it seems like everybody wants to talk i was with the finest video that's a nonissue apollo or somebody will step in the finance the deal this is not the problem with the political problem of politics if you look at twitter and mainstream media in general they have a track record of number one suppressing the truth look at hunter biden as an example, enabling the push and of a one-sided there live, they don't want this to happen, the woke left does not want this to happen but he wants the tough cookie, he gets it done. >> a political fight. >> i'm cheering the man on i would love to see it. you are here for the hour. stay here. let's talk about the mass confusion of a mask mandate. the justice department has responded too the ending of mask wearing and transportation, here is the response. >> the department of justice and

disease prevention disagree with the decision to end the federal mask mandate for travelers and will appeal subject to cdc conclusion that the order remains necessary for public health. president biden has also asked about the mask mandate being struck down. >> two people continue to wear masks on planes? >> that's up to them. >> are they striking down the mandate. >> i have not spoken too the cdc. >> sean duffy with us this morning, this is classic, he wants to cdc did take the blame to go back to masks. >> i've been up for five hours until i watched your show i did not realize the significance of today being 420. think about for the reminder. stuart: you knew perfectly well. >> not until i was watching your show did i recognize that. i'm not walking the streets of new york either.

with that aside joe biden's hardest rights, that people decide for themselves do they have comorbidities, do the risks, 70 the family as a risk and where mask, he was right on that, later when i asked he said the cdc is going to make a decision, he is passing the buck i guarantee this the cdc has been making rules, recommendation based on science is all politics. the democrats don't want masks on planes because americans don't want masks on planes if you look at the celebrations that were happy to cross airports and airplanes people do not want this, the cdc is going to stand down and there will not be a deal lawsuit because america will be even more outraged with democrats than they already are this will go away take your mask off and fly free. stuart: i think you are right brother. one more msnbc panel attacked the judge who struck down the mandate. listen to the reason for the

attack. roll tape. >> this shows you the importance of having the power to appoint federal judges. this is basically donald trump as a federal judge today. >> yes. >> reappoint donald trump as a federal judge. in a announcement that is not based on any discernible facts. >> of course it is all trump's fault. >> everything comes back to trump, every court stepped in and rolled back the ruling on the border conservators were outraged now liberals are outraged that the courts are ruling back but this shows how out of touch liberals are, again they want to keep the mandate for people to wear masks on planes and trains but the american people don't want to, you watch these shows, who watches you guys and who believes you're telling the truth about what america wanted what is safe. it just shows how out of control

the left is and how out of touch there with the vast majority of middle america. >> i would like to see some leadership from the president, where are you on this in title 42. get on it. >> wouldn't that be nice, leadership from the president that might serve him well he might pop up a little bit put some sentences and lead america out of the pandemic instead of passing the buck. >> it is 420 dream on, that's the way it is. here in new york city masks are still required a public transit including subways, taxes, writers like goober. when will new york, young kindergarten kids and toddlers, this is new york city when are weakening catch-up. >> hopefully in a week or two it's getting to be ridiculous we need to you move past the pandemic and get to endemic status. as much as i cannot stand the mask mandate in new york city,

there should've never been a federal mandate in the first place, we should've allowed states and local governments set their own roles and let those politicians and their constituents don't like it, let them hang themselves and eventually get voted out. as far as new york city goes, i just had to ride one as i was writing over to the studio today it stinks it's no fun for the time being you have to carry the stupid things in your back pocket. stuart: i don't think it will last more than two weeks. >> i hope you are right. check the features please open in the market in 19 minutes we will be up across the board, not much but up the liberal elites turning on president biden chuck todd says the white house needs to buck up and fight back. watch this. >> if something does go the white house is way they don't fight back, they don't defend the rationale they just give you

the emojis drug. stuart: lara trump will discuss that, she is on the show a little later but the white house bracing to arm ukraine with advanced weapons if we get president zelenskyy the weapons he needs could he win? good question all ask jack keane right after this. ♪ we discover exciting new technologies. redefine who we are and how we want to lead our lives. basically, choose what we want our future to look like. so what's yours going to be?

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>> today is russia's next deadline for ukrainian forces to surrender and mariupol however, leaders have rejected and say their crews will keep fighting. the latest please in ukraine.

>> in morning, russia was regrouping for a while now it is back in force for the second major offensive in this war, 78 battalion groups spread out across donbas in the eastern portion of this country. as you mentioned in the devastated city of mariupol the dishes stand up between russians and ukraine marines and innocent civilians is growing more desperate. ukrainian troops are held up in a massive plant perhaps underground in russia has dropped heavy bombs on them. there are signs of life and a new social media post the video of ukrainian military commander in charge of the marine unit trapped in the plant is begging for some type of rescue saying this could be the last appeal of their lives, even tagging president biden in this video. >> all of us, mariupol military

battalion of soldiers 500 wounded and hundreds of civilians women and children we plead to take us to safety on the territory of a third party state. >> russia is attempting to slice ukraine into by gaining control of the donbas region the far eastern side of the country controlling the industrial area which prides ukraine of its critical mind, meta plant and factory. the pentagon estimates moscow has lost a quarter of its combat power, meanwhile ukraine is preparing to pick up firepower. the u.s. is shipping canyons of the ukrainians will be trained to use and are expected to operate within days. president biden is expected to announce a new weapons package in the coming days that will include artillery and ammunition according to a u.s. official. the united nations estimates that 5 million people, 5 million refugees have left this country and the majority going to poland. stuart: thank you very much indeed take a look at this headline the u.s. races to arm

ukraine with more advanced weaponry, retired four-star general

the u.s. and nato the resupply is coming from poland. all of that said this is going to be a tough fight the terrain itself favors the russians in terms of offensive mobility. we've been watching the russians for the last couple of days. mother conducting extensive aerial and artillery bombardment the ground operations have been very small scaled and largely not successful except the seizing of a small village crimea near the donbas. there is an opportunity for zelenskyy to do two things, stop

the russians so they do not take control of donbas and does he have the combat power after that takes place to counterattack and drive them out of russia i mean out of ukraine. >> that remains to be seen by the second thing we wind up with a stalemate very similar to what we had in 2014. >> we do not want that, a stalemate would not work for the west or america or zelenskyy, surely. >> absolutely right about that. stalemate means russia has a bigfoot and ukraine. they are denying them access to bc which means economically devastating for them. they are able to support and regenerate combat power and attack when they want to. that is not a good answer. stuart: phase two is about to begin. what does it look like? from a distance it looks like it'll be a giant tank battle from the second world war. >> i doubt if it'll be like that. although the russians have the

capability for it to be like that but it's a mystery to us because of not properly trained and they don't put themselves in normal attack formations were tanks and armored vehicles and artillery support and airpower and normal combined high-end conventional operation they don't seem to be capable. they commit and they all rode down they commit their piecemeal and when they get into a firefight the ground forces had difficulty winning that firefight with ukrainians. it is unlikely we will see backlash that we have seen before in the past because of russians limitations in their maneuver and capabilities that they have. >> thank you very much for being with us. i hate the sound of a stalemate but let's see how this works out see you again real soon. >> the markets open up at about

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stuart: as you look at the market likely to open we have green on the left-hand side of the screen. here is shaw gilani, we can have a burning report so far will you characterize them, are they strong enough to create a breakout in the market? >> i characterize as a mixed bag, the ones that have been very well they have taken them up and we see netflix happens when a company misses badly and they guide poorly in terms of future expectation on earnings, that will continue the earnings season, i don't know if there's enough companies that will have positive results to boot the market and breaking out to new highs i don't necessarily see that with a reserve in the backdrop.

i don't think there's enough energy to push the market to a new high. i would like to see that happen. however, i do not think that investor should go too the sidelines in terms of fear as how high the fed is going to raise rates and whether or not that is going to push us into a recession. i don't see that happening i think you have to stay in the market we see a very nice start yesterday and the futures are positive this morning, i think there's enough momentum too go higher i don't know how high but it would not be stepping out of the market now. >> back at the good old days you could look for a solid gain just about every month. now it is not like that. would you go bottom fishing on netflix this morning? >> no, the simple reason, i

channel almost never bottom fish, when a company misses on earnings, in this case i would like to see it settle out in a couple of months if it settles out and we see saw the dacian take a shot at it. given how the stock is falling because of the bad earnings and bad forward guidance it is a dangerous play. >> you think the whole streaming sector has a problem. >> i would say so as we've seen with netflix. >> the rest of them that folks are taking a look at their builds and what can i do without and as the economy slows and we have some fear of potential recession down the road people will start to take a look at their bills and i think all the streaming companies are probably going to see some losses. >> do you know how many streaming services you have? >> i do know i have to take a look and call some of them because i have too many. >> i think a lot of people will take a look to see exactly what they got and what they want and don't want. we will see you again really

soon. thank you. we have 25 seconds of the market will open this wednesday morning it is 420. don't forget that we might as well check the pot stocks. what were looking out at the moment is a modest gain for stocks ready much across the board. we are looking for a huge decline in netflix. that is almost a given out premarket they are down $100 that is quite a selloff in a huge stock like that. it is 9:30 a.m. the market has open and we are up and running. right from the start the dow was up 500 yesterday and up 200 this morning. a very solid gain right out of the box and the vast majority of the dow 30 stocks are in the green, there up this morning the dow was up .7%, the s&p up a half a percentage point following yesterday's gains and the nasdaq composite is up a quarter of 1% big tech probably a mixed bag, amazon meta down, michael, apple, alphabet up

let's start with netflix, dragging down all the other streamers, susan is here, what you make of this. >> do you think were at peak streaming? roku, disney, warner bros., discovery being dragged down, the question our people willing to pay $15 a month. at some point there's gotta be a cutoff and how much content you are getting and how much time you spend it on the streamer and how much you're willing to pay each and every month. >> there will be an awful lot of people checking out the tv bills right now do i use this or not use this can i afford it into i wanted. i think there will be a calling of a streaming service. >> netflix is a larger streamer over 220 million global subscribers, losing subs and more than a decade that is despite the fact that they're spending $17 billion a year on content. quality counts at some point, you can keep spending and throwing money at it but if you

don't want to watch things that your offering there is a rethink. as a result you have netflix on track for the worst day in a decade nine downgrades all coming down to 300, some including piper went some 300 and the bar was set pretty low for the first quarter of this year despite that netflix losing 200,000 users and blaming ukraine and russia which cost them 700,000. if it wasn't for ukraine and russia they would've added 500,000. that is short of the jordan and a half million guidance and another loss of 2 million this quarter. stuart: it's been a long time i saw stock or company lose so much so quickly. >> you saw the first quarter they had a dismal report to end last year a 20% drop in january, after the slow guidance of this year. stuart: funny how i forgot those

things. >> if you're down 30%, that is years of cloud of memory. the stock down 30% in one single session, i'll tell you this he's been so reluctant and add base model. all of a sudden after 40% drop of the year in the 30% today he's thinking of an ad based subscription model. >> you have to think about the hundred million hospital sharing passwords so they say now you have to get your individual netflix plans, that is one way to monetize what you're gonna lose subscribers. >> yes you are. stuart: procter & gamble reported earlier this morning it looked like they did well procter & gamble does everything in the supermarket and they own the aisles, what did they do that so good. >> bounty, crest, you name it. >> i'm trying to think of all this, they own the supermarket,

what is so good about them. >> they raise their inflation forecast best annual sale jump in 20 years, that will do it they hiked prices last year twice and that was to offset the impact of the inflation of the supply chain concern top and bottom lines they have been awarded companies to raise prices and have been able to keep their sales growth, that is exactly what you have png doing they raise the full-year guidance of growth as well. stuart: stocked as well if you pricing power you can gain profitability with it. >> the top-performing sector is healthcare flu and cold medication. just to help you make sure you feel okay

>> what is with united airlines and the other airlines.

>> you are traveling more a trouble is coming back, they said they would start making money in the springtime and they should be sounding as bullish you heard delta ceo saying that had the most ever on record in march, you see the turnaround, i think united and other airlines will be losing money because of omicron but summer travel will be bullish. stuart: you to be on the call with telsa? >> it depends. >> i'm on all these i'm a nerd. >> the dow winners ibm making a comeback. >> the outperforming the s&p. stuart: s&p winners headed by ibm, how about the nasdaq i don't think the good and top out. applied material, the semi conductor service provider. >> i want to see microsoft at the top of that.

we are up nearly 300 points as we speak, .84%, well above 35000 again the ten year treasury yield, 2.89%, what is the price of gold nowhere near $2000, 1947, bitcoin, 418, oil 103 and not gas, that is gasoline $4.11 a gallon, national average for regular and if you go to california that is the same gallon of regular will cost you $5.69. something about florida's new education law really does not sit well with white house press secretary jen psaki, have you seen this, roll it. >> i'm getting emotional because it is horrible but it's kids who are bullied in all these leaders are taking steps to hurt them.

stuart: how she got the bill? good question. bad news if you're looking to buy home, the average prices more than $500,000 and some of the biggest metro areas in the country. we'll get the latest home sales numbers at the top of the hour. texas congressman dan crenshaw happy about not wearing a mask he's here to tell us how how he felt and if anyone followed his lead

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stuart: i want to get away, don't we all preferably massless, the nation are

international airport georgia of course, a high of 72 degrees, the very nice weather. we are talking about a mess, judge ruled masks are not required on public transportation. some airports have kept the mandate, you can literally fly from one airport mask free and land on another be required to mask up, grady trimble at o'hare and chicago. our masks required there right now, yes or no? >> no as of yesterday afternoon although much of the day they were required and they did not see anybody enforcing that, looking around the american terminal today eyeballing it i would say fewer people are wearing masks compared to yesterday. more people going massless it's about a 50/50 split if i had to estimate president biden did not help with all of this confusion that you outline when he seemed

to shift his stance saying it's up to travelers to decide whether they want to wear a mask while they are flying then you mentioned the different rules at different airports, in new york city at laguardia and jfk you have to wear a mask in the airport but not on the planes. at newark across the river you don't have to wear a mask in any of those places you also have to wear a mask in philadelphia, salt lake city in los angeles. on the subway in new york you have to wear a mask and on the l in chicago no mask, you can understand why some passengers cannot keep it straight today. >> i did not know if it was required or not so i'm just waiting for somebody to tell me too put it on. >> i brought a couple masks so i can be compliant. >> you feel that the mask keeps you safer, please continue. i cannot impose that it is a free country. >> the cdc could impose it at the department of justice successfully appeals. as of right now the d.o.j. says

the cdc concludes a mandatory order remains necessary for the public health after its assessment is supposed to be done by may 3 the department of justice will appeal the district court decision. as of right now, it does seemed like the tides have shifted towards no mask. we've seen this before with a mask mandate goes away and then they come right back. we'll see what happens. as of right now as i said a lot of people enjoyed the ability to choose whether to wear one. >> let's have our freedom back, isn't that nice. we showed you this video as he walks through an airport mask free, the congressman joins us now. >> i don't think there is any way that they can reinstate the mask mandate on planes in transportation. >> i don't think so, i believe

the biden administration is trying to appeal it, i can't believe it they never cease to amaze me. this is a politically unpopular, i'm appealing to biden's political common sense if he has any left, people do not want this. when i was at the airport i happen to have a flight that night, i don't think people have seen the news quite yet but most in the airport were massless, most people the airplane were massless, the stewardesses were coming up insane do you think this is going to stick in there asking the same question. i think we are good, i think the people will rebel very hard if they continue the mask mandate. >> it's worth noting that science has been out on this for very long time. in 2020 there was a darker study that showed a transmission on airplanes and airlines study after study after study that showed that the filtrate 99% of articulate, it's not were getting a virus it was not on

airplanes, it was thanks to travel, it's part of the science caught up with her common sense in our sense of virtue signaling. there is still a lot of people that love the virtue signaling, greg gutfeld said this is a human bumper sticker of an identity marker for people. if you were this mask it shows that they care more. stuart: i hope you saw this the president will require extensive environmental review of all infrastructure projects. i really want to get this in, how are we ever going to get anything done. >> that's the point i make, they are re-implementing obama era depot regulations, there are the environmental review process that has to take place. if you build any kind of projects it makes it harder to build projects the environmental quality show this causes

permitting to last another six years and cost about $4 million. it's huge delays and huge cost for building everything that we already agreed that we need in this country. the binding of administration wants to major cumulative impacts, how is your product going to be used by someone in bangladesh and what is the climate impact of that, you cannot measure that it if you don't tries to measure the environmental groups will sue you they sue in the settlement of a product and prevent the infrastructure that the biden administration wants to spend money on. >> this very subject in about 12 minutes a top of the hour. >> spirit airlines has announced they are cutting flights for the spring and summer. they're trying to reduce the number of last-minute cancellations because of staff shortage or the weather. mark is still with me. yet if you nightmare travel experiences, haven't you.

>> very bad with spirit, personally that is my least favorite airline, customer service is brutal i feel like i'm sitting in a lawn chair is agricultural i'm happy there canceling these in advance a track record that you delayed for an hour and another hour and another hour and then the flight crew times out and then the flight gets canceled. they give you $10 voucher to get yourself a hot dog at a concession stand. that is all they do. i had trouble nightmares, lost baggage. >> advance cancellation is a good thing. >> i would prefer that. stuart: easing the lockdown, shanghai something out of their homes, but will be fine with the millions of apartments open up. an epidemiologist warning about catastrophe. administration reported delaying title 42, it does not surprise

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. stuart: netflix on your screen down 33% that is a hit and a half. netflix is bringing all the streamers down, the entire streaming industry that has a problem. >> thank you for having me on the show what you have going on with netflix, spotify and zoom mass acceleration adoption during coping. now people can go out in person and there's things to do you can travel i think travel will boom this summer. people are gonna use money and other places and that's probably what you're seeing with netflix. stuart: the money is coming out of streaming. >> is definitely coming out of streaming probably over longer periods of time but think about it as a family may have had three accounts but now it's one account or somebody that was 20

and in college has an account but now they're back in school and they don't have an account but they will eventually will get an account is pulled forward about a demand it will take a year or two to smooth out. >> you will not be by netflix? can you tell me how twitter will play out. >> with elon musk it is interesting. we do not own twitter stock, elon is an incredible entrepreneur, they clearly believe in portly and free speech. i think that's an important thing too. we'll see apollo is interested, but blackstone does not. isuspect it could be run better. >> there is no way you can make elon musk back down from this, once he wants something he goes for. >> he is worth two to

$50 billion. >> take control of twitter and reorganizes thing. >> i like very bold entrepreneurs too very bold things. it's fun to watch. we do not own the stock. >> do you approve of twitter being taken over? >> go for it. i don't get about either way, if i did all the stocks i would probably vote for him. >> i'm pressing hard but you are okay. thank you very much indeed thank you for sticking around for the entire hour. >> doctor oz, mike walsh, lara trump, jason vance, the 10:00 o'clock hour of this program "varney & company" is next. ♪

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♪♪ >> how old is that song? dion and the belmonts, that's not my generation, that is my father's generation. good morning, everyone, 10:00 eastern. some green for the dow up one hundred 80, s&p up two but the nasdaq on the downside losing one hundred points as we speak.

10 year treasury yield 2.89%, netflix, look at it go, down, it is up 34% now. a half-hour ago when the market opened netflix was down 24%. now it is down 34% and sinking and take all the streamers down with it. some of them are down 5, seven, 10, 34%. streaming taking a hit. attention all realtors we have the latest read on existing home sales. ashley webster, good morning. cannon house office building another sign that the home market is cooling off, coming in at $5.77 million for the month of march slightly over the dreaded estimate that was 5.8 million and that is the lowest reading since june of 2,000. this is existing home sales. this makes up the majority of

the home sales across the country and they are cooling off in the month of march. >> the annual rate is 5.7 million. any average year, 5.7 million existing homes down from what was a couple months ago. see again shortly. now this. america used to be a can do country where great things got done. not anymore. and a little notice to move president biden just ensured great things will either not get door be delayed for years or decades. he will restore, quote, rigorous environmental reviews of all major infrastructure projects, you want to build something, show its likely impact on climate change. that means endless studies all of which will be challenged in court and then appealed. a charter for the perpetual employment of lawyers and guarantee of expensive delays, new projects account for their

impact on local communities. you heard of not in my backyard, you ain't seen nothing yet. everyone and his brother will object to a nearby road, pipeline, powerplant, solar plants, airport, whatever. more lawyers, more court cases, more delay, more expense, no can do. i have a program called american built on fox nation, about america as a can do country. you think the hoover dam would have been built under president biden's rules with the transcontinental railroad, the panama canal, long list of spectacular achievements that opened up the whole continent all in the past, the future very different from you can't satisfy the climate crowd and an army of lawyers willing to block everything. from can do to know can do and you've got to pay for it all. the second hour of varney just getting started.

take that, everybody. biden versus biden. latest policy flip-flops show white house incoherent. guess who wrote that, the one and only liz who jointly now. i think they are incoherent on masks and the border, anything else? >> i'm not sure i can top what you just did. let's talk infrastructure. the economy is on the move, we want everything made in america but have all these stumbling blocks to spending the money that he is going to celebrate on the campaign trail the infrastructure bill because that was a bipartisan effort to fix what was broken in america. will reveal we fix it with this stuff going on, that was the prime charge of the trump administration to streamline infrastructure spending so we don't take 7 years to build a

road and 15 years to build a bridge but elsewhere. >> wise it like this? >> pandering to local activists, communities that for one reason or another, the indigenous people don't like pipelines, the idea of the common good, the national causes been -- we need to listen to every person, every activist group, every environmental concern to the point we are in this red tape and i thought that was one of the best things the trump administration did, never got a big bill because they were trying to sort out these brambles you have to struggle through and they were right to focus on that and now we go backwards. we when you can't change it. >> i don't think you can but it is symptomatic of what i wrote about which is this administration takes four steps

forward and 5 steps back because they have no fundamental understanding, they don't know what they want to do. oil and gas leasing, the latest flip-flop, we don't want to get criticized because we are made in america except when it comes to oil and gas but we won't do enough leasing to make a difference or leasing in alaska where there are discoveries to be made or offshore where a lot of optimism resides, big deposits, we are going to do enough leasing to avoid criticism and to mollify the left and the climate activists zealots that are in the climate group in the white house. it is one thing after another, really depressing to me because we are not moving forward in this country and your op-ed said it right. >> one of the fiercest of all critics, we can tell we got the message loud and clear. see you again soon. back to netflix, down 36%.

a few minutes ago it was down 34%, down 36.8%. what is the latest? cannon house office building taking $50 billion according to calculations off of the market, how about that? huge, netflix under the first quarter with 10,000 fewer subscribers than it had in the fourth quarter missing its own forecast of adding 2 million customers in the period, the company says suspension of its service in russia and the winding down of all russian paid memberships resulted in a loss of 700,000 subscribers, netflix expecting to lose 2 million global subscribers in the current quarter. the company is blaming password sharing among its members and increased streaming competition. netflix estimates 222 million paying households, the service

is being shared with an additional 100 million homes including 30 million in the us and canada, the strainer offering a lower price ad supported version of the platform to boost its subscriber base, that would be a significant change for a company that sold itself since its beginning as a commercial free haven for its members but that is brutal, 37%. >> it went down one more percentage point. what did you do? look what you did. back to you later and that is a fact. dow is up nicely, 200 points, the nasdaq sinking 150 points. david lefkowitz joins us. you say recession risks are relatively low but let me offer my point of view. you can't get rid of inflation without a recession and the federal reserve will push into

recession so there is a conflict between us. recession risk is low, i say it is high, make your case. >> you have a fair point. the recession risks are low in the near term but it all comes down to inflation. if inflation doesn't come down enough the fed will have to raise rates more and recession risks begin to rise. that's more an issue for 23 rather than right now. consumers have good cash, netflix aside, we are not seeing any downgrades to earnings estimates in a material way at this point so the near-term risks are reasonably low. it is the $64,000 question. >> what i am seeing in the market is they don't buy individual stocks any longer but they by the s&p 500 and sit

on it. a lot of people do that. >> that the big trend over the last couple decades, people buy mutual funds and securities. >> you ride the whole market through. >> you are predicting the s&p 500 is going to go up 5% from here by the end of the year. people who bought the sp why, and you are following the whole market. they get 5%. >> we will be in a range bound markets but are we going to have a soft landing which the fed is trying to do? it happened in 94, happened in the early 80s and 60s and we didn't have a recession. that's the key question. the fed is trying to engineer that but we don't have a lot of confidence around will there be

a soft landing or not. we think there will be a soft landing but the market overall it will take time for the market to gain confidence. when we get a clear answer the market breaks up or down. >> you are a brave guy. you come on the show every we can usually say the same thing, nothing wrong but not been proven right. you are a brave guy. >> we call it as we see it. >> see you later. president biden doubling down on the inflation blame game. who gets the blame now? cannon house office building forget government spending, stimulus checks, giveaways, the president says skyrocketing prices can be blamed on two factors, supply-chain chaos caused by the pandemic and the president of russia. >> president biden: let me be clear about why we have such high prices now, two reasons,

first was covid. because of the pandemic we had disruptions in our supply of important materials. the second big reason for inflation is vladimir putin. not a joke. putin's invasion of ukraine has driven up gas prices and food prices all over the world. cannon house office building they are you have it, that is the explanation. quite a few economists say the administration's decision to flood the economy with similar money helped send consumer spending into overdrive. >> back to you later. even president biden thinks people should have the freedom to choose whether or not to mask up. roll tape. >> continue to wear masks on planes? >> president biden: it is up to them. >> a lot more on the mask debate. elon musk could make his next move on twitter in 10 days. the towns surrounding key of

have been critical in stopping russian troops from entering the capital city but at a cost. we have the latest from kyiv. ♪♪ this... is the planning effect. this is how it feels to have a dedicated fidelity advisor looking at your full financial picture. this is what it's like to have a comprehensive wealth plan

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outside of kyiv and saw unbelievable damage and talked to people on the front lines. >> reporter: it was quite something to see around here. eastern donbas, the battle is underway, russia building a battle space of 300 miles. russian forces are familiar with, and the terrain unlike the capital here where we saw that, it is very flat and open. the pentagon estimates russia has 78 battalion tactical groups with 60,000 troops and putin lost 1/4 of his combat power and a failed attempt to take kyiv, we are learning fiscal problems made it problem.

the situation in mariupol, tens of thousands trapped there. the commander of the marines is hold up in the plant, sent a video appeal to the world that may be facing their last day but we spoke to a member of parliament yesterday who was in contact with those marines. >> they refuse to surrender. they have proven that. not the same that we will never surrender. >> reporter: if mariupol does indeed fall, the land bridge to the crimean peninsula and it would pull out more battalion tactical groups to move south or north to eastern don bass and put more forces in their.

very different kind of fighting than we saw yesterday. amy: stuart: phase 2 will be different. see you again soon. let's bring in dan hoffman. the us race to arm ukraine with heavier more advanced weaponry. are they getting of the weapons and if they do, convey win them? pushed russian troops out of ukraine? >> we provided a lot of stingers and javelins, the czech republic provided the t 72 tanks and slovakia gave x300 air defense and we are playing catch up from the onset of this war that our intelligence community accurately assessed was going to happen. we didn't get ukraine military equipment they need. they are facing severe

shortages of what they need most witches and higher and anti-ship missiles, humvees and helicopters and howitzers and drones. it is hard to get that into ukraine, the supply routes are under duress, hard to get things to donbas when your supply route goes through lviv in western ukraine. of the when the admin a straightened dragging its feet? >> they are doing the best they can but they didn't get started soon enough and that is the challenge we face. inventory issues getting equipped into ukraine. ukraine, the ukrainians are outgunned and outmanned but they are fighting for their land and have no shortage of the heart and drive and will, that is keeping them in the fight and they are in the last stronghold, steel factory built to withstand a nuclear attack.

stuart: if we got the weapons that zelenskyy wants and needs, more tanks, the howitzer artillery, if we've got all of that could they win? >> i thing could but might say could have. i don't know we will get that to them in time and there's a bit of training involved as well. i know this is history but it will not be kind to this administration because a year ago the russians had 70,000 troops on the border and had a summit for president good meeting with president biden. at that time we could have provided ukraine with a lot but we were slow to do it. we were concerned about escalation, provoking russia. we could plug toward viner poon and paying the price now. be when creating heroes in mariupol holding out, won't surrender, quite a performance. >> it is extraordinary. they are fighting for democracy, liberty and freedom,

everything we hold near and dear in the united states was enshrined in the constitution and the bill of rights. the administration said we will defend nato member counties the best countries but it is the ukrainians doing the fighting right now and you say we've got to do more to help from but time might be running out and once russia is done with donbas they will turn back to kyiv. stuart: hate to hear this but you know what is going on, see you again soon. russia is accusing president biden of having dementia. tell us exactly what putin said. ashley: a pro-kremlin newspaper in moscow says president biden is suffering dementia as pressure mounts in ukraine. the paper asked is biden in his right mind? five signed of the venture that can be found in the president of the united states, senile

dementia easy to detect and includes the category to look out for, forgetfulness, disorientation, aimless wandering, behavioral changes, and difficulties in movement, the scathing article goes on to suggest that biden has embarrassed himself on the world stage because of -- stuart: just froze for a moment. ashley was reporting what they were saying about our president and the russian press. we will get back to ashley shortly. the mainstream media ripped apart the federal judge who struck down the mask mandate. >> that's the mark of an inexperienced judge. >> it makes a lot of legal sense. >> she is clueless. stuart: the meltdown did not end of air. we have the full tape for you. donald trump throwing his support behind doctor because

running for pennsylvania senate seat. did as out to trump or did trump reach out to ours, the doctor is next. ♪♪

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stuart: dow industrials up 245, nasdaq composite down 85. check the pot stocks, 420, marijuana holiday day april 20th. they are all down on the downside significantly so. elon musk willing to invest $15 billion in his own cash to take twitter private, a second bid for the platform in 10 days and teasing potential free-speech plan. here's the tweet he put out, social media platform's policies are good of the most extreme 10% on left and right are equally unhappy. a federal judge struck down the mask mandate. what did the president say about that? tell us. ashley: he seems to be

noncommittal. during an appearance in portsmouth, the president was asked should masks be mandatory on airplanes. take a listen. >> to wear masks on planes. >> up to them. >> would you strike down the mandate? >> president biden: i haven't spoken to the cdc yet? ashley: not sure. the president may not know but the department of justice says it will appeal the ruling saying the mask order was a valid exercise of the authority congress is given the cdc. stuart: what is the media saying about pitching masks? ashley: the mainstream media is in full-scale tuesday mode.

hide under the table, covid is on the loose again. >> that's the mark of an inexperienced judge. i don't think this ruling makes a lot of legal sense. >> he is clueless. >> this to sing it on will accelerate cases through the us. >> not only not the right time but not the right manner to overturn. ashley: the judge is clueless, the meltdown continued on social media, some doctors slammed the move to lift the policy with one vowing never to fly again and another arguing unmasked flights will kill children. stuart: fine stuff. i've got more on masks. philadelphia rolled back the indoor mask mandate. who should we bring in? doctor because, republican running for the senate seat,

good to have you on the show. what do you make of masks going back to philly, react please. >> folks are livid here, people are not going to go into the city, the hypocrisy is so thick you can cut through it. the criticism of the judge's rule the cdc was capricious and arbitrating its actions. the science needs to be followed, not a political science. in philadelphia, this mask mandate in a nonsensical way. why would a mayor make a mandate, what about the local district, how small do you have to be to make a mandate and the hypocrisy of walking into a restaurant with a mask, take the mask off, laugh with your friends while the servers are wearing masks by ordinance of the mayor, does it make medical sense?

the hospitalization rates continue, there's not going to be a massive upsurge in hospitalizations, the contrary to is contagious but doesn't seem dangerous and we are ignoring natural immunity if we believe mandates will work. they never worked before, why would they work now? stuart: good question and don't think i can answer it. mr. trump endorsed you in this primary race, did you ask for his support, did you go to him or did he come to you? >> i went to donald trump. every candidate went to donald trump and all of us were evaluated by him and he chose me saying i was smart and tough and would never let us down. he made the announcement because element of interaction a personal to him, important for pennsylvanians to know and i felt all along life, liberty, pursuit of happiness was the platform for our campaign and conservative views i have are endorsed by donald trump and it

matters to pennsylvania that he endorsed me. 61% of republican support whoever donald trump felt was the best candidate because he does his homework, he studious, looked at what i stand for and if you are curious yourselves, his endorsement does movie polls. stuart: it occurs to me he endorsed you so your performance in this primary race will be a good indicator of his support in 2024 in a broader voting marketplace. you are almost a canary and vocal mine, forgive me for putting it like that but you are. >> i am proud to be in that position. there is validity in what you're saying, i will do well in pennsylvania and it is reflective of the fact that a lot of voters are animated by what happens when they contrast president biden's performance to donald trump's performance. if you compare them in an energy state like pennsylvania people are angry saying we are

not able to make money to make ends meet and can't harvest natural gas that would make the country energy independence, watching inflation rates rage because we are not able to take off the energy component or help our allies overseas, these are things occurring during the biden administration. having donald trump and fourthly reinforces a tough stance on these issues and i will fight back the way you and me have been on national television, bold, loud voices articulating why the left got it wrong, energy is an exam of the green new deal is a lie, it cannot happen the way it is described in the timeline articulated. america has gotten cleaner because we have natural gas, can't hide from that scientific reality. of the one great to have you on the show, come back soon please. >> take care.

stuart: more on the pennsylvania senate primary race. david mccormick ran one of the largest hedge funds in the world and got a flood of wall street cash. how much money are we talking about? ashley: goldman sachs employees donated $220,000 in increments of a maximum of 2,900 allowed per election. the former hedge fund manager positioning himself as an american first conservative embracing donald trump's agenda even though as you discussed trump has endorsed doctor roz but cormac has been able to out fund raise his opponents. a spokesman for the campaign says the $4.3 million raised from individual donors in 10 weeks including $1 million from pennsylvania donors outpaced any other senate candidate from either party but the race may decide which party controls the

senate which is deadlocked at 50/fifty. stuart: a crucial race indeed. in the last year dozens of people on the terror watch list have been arrested trying to cross the southern border. more on that head. more grim news for first-time homebuyers, the average price of a home has topped half $1 million in more cities than ever before. we have the story next. ♪♪ ♪ ♪

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stuart: let's bring you up to speed. the dow is over 300 points. ibm doing well. home depot doing well. up goes the dow 330. as for tesla, flat at the open and it is down.

remember 4:00 they report their latest financial reports after the bell and there will be a call at 5:30. the latest read on existing home sales selling at an annual rate of 5.77 million. sounds big that is the lowest reading since june of 2020. mitch rachelle, real estate guy with us, is the housing market slowing? >> it is cooling off but it was red-hot. last time we spoke, it's not unusual in a period of higher interest rates for the housing market to cool but i think it is going to power through this because the demand for homes doesn't seem to be ebbing and supply is constrained, 2 month supply of existing homes on the market. stuart: the median existing home price, record high,

375,000 and the average home price in a living housing markets exceeds $500,000. could we conclude that prices have peaked? >> i think so. on the supply and demand balance, what i am hearing from my informal survey of realtors is more and more people holding off selling their home for a variety of reasons are worried prices will come down. i don't see them coming down, i don't see prices falling. they will likely during the all-important spring homebuying season put their homes on the market and that could help a little bit which will slow down this crazy near 20% in some markets, even higher year over year increase. stuart: you see a slow down and the rate of increase in home prices but don't see a significant decline in home prices whether it is the top end stuff or low down in the market no decline in prices.

>> i don't see the decline in prices. we would have to shift the balance where there was no demand in the market and still statistically have household formations, children moving out of the parents home is feeding no additions of supply. i don't see the supply and demand balance changing. stuart: we always come to you for the state of the florida real estate market because you know it very well and every time we've come to you in the past it has been booming. is it still? >> still booming, very little on the market and that is going to continue and the net migration to my new home state hasn't changed a bit so i don't see that changing anytime soon. if you find places you are continuing to see price increases it will be places

like florida, texas, tennessee. stuart: have you moved to florida? you left new york? >> no. i still have a home in new york but spending the bulk of my time if it didn't destroy the lighting, the blinds behind me, you can see the palm trees but folks in the control room could get upset. stuart: very funny indeed. maybe you will be on next week. great stuff, thanks for being here. more on the housing market. hard to sell mega-mansions. finding a new way to sell. a last resort. tell me more. ashley: putting property up for auction is becoming an increasingly popular option but does come with a big risk. a good chance the seller will not get the asking price in the ultra luxury category. the 3 highest priced homes ever to sell at auction came up for

sale in the last 14 months, none of them sold for the asking price, and the original asking price cut by 70%. operators say most owners of mega-mansions up for an auction because they were not able to sell the property by themselves and it sits on the market for an extended time but the chances of getting your asking price is probably going, going, gone. of the what i think you are right. thank you. a programming note real fast. season 2 of fox business prime kicks off next week. here is a preview of what is comi up on my show american bills, looking at mount rushmore. watch this. >> they dynamited away over 400,000 tons of rock. >> a sculpture of unusual size.

>> for the whole nation. >> incurred aplenty during a compliment. >> from a sculptor was larger-than-life. >> a guy like that doesn't quit. >> the danger. >> hanging in midair. >> the heartbreak. >> had to abandon it. stuart: an army of men managed to face the nation. >> you adapt to overcome. >> carving mount rushmore. stuart: a great story about can do america. you can catch all the new episodes of american built tuesday night at 8:00 pm eastern on fox business. coming up today, john todd blasting president biden for not fighting back against the mask mandate repeal. watch this. >> they don't defend their rationale, they just give you the emoji shrug. a one lara trump throughout her mask at the airport, she will take that on momentarily.

president biden may consider delaying the shifting of title 42. what does arizona congressman andy biggs think of that? i will ask him next. ♪♪

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stuart: dozens of suspected terrorists are caught trying to cross the border. how many came instance biden took office? ashley: 42 migrants on the terror watch list arrested trying to enter the us illegally since president biden took office. how can you argue it is not a threat to national security i don't know about the terrorist screening database contains information about the identities who are known or reasonably suspected of being involved in terrorist activities but the number does not count those who managed to evade those overwhelmed border patrol agents. more than 62,000 of those averaging 2,000 today.

we will never know if anymore terror suspects will slip across the border and are now here. stuart: we won't no. president biden reportedly considering a delay on ending title 42. and there are million migrants poised to come into the country? i said he will not lift title 42. >> the reality of the political cynical conversion, a total red wash in the next election. we should not be bringing this down to title 42, a policy

designed for communicable disease, that is all we have to send people home today. a substantial portion of people they catch into the country, we should be referring to policies that worked, not just rely on title 42, instead of saying welcome, we will open the door for you. stuart: you were at the border and witnessed officials giving smart phones to alleles for tracking purposes. did you see people from all over the world? >> you have right now i think the number last year was 157 different nations. it is over a hundred nations in the first six months. i saw groups of people apprehending 40, 50, 60, nobody from mexico or the northern triangle states, cubans, haitians, folks from is

pakistan, individuals from syria, all over the world coming through. that is just in the yuma sector, processing 800 ukrainians a day in san diego not including 500 individuals they are catching who are surrendering daily and tens of thousands a month who they don't apprehend. stuart: you saw them coming into the country, what happens? take a name and put them on a plane and get them somewhere else, is that it? >> that is generally it, that you way on title 42 and might have another mechanism to send people home, the vast majority will be processed and released in 72 hours. with 800 people, 3000 people in

it and getting ready to process them. stuart: 300,000 people. on the border we appreciate it and talk to you again soon. still ahead larra trump, michael walsh, jason rants and so much more. there are two hot mrs. right now, masks and the border and the cdc, the centers for disease control in the middle of it all. i will explain that in "my take" next. ♪♪

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>> we are looking at ways the state of florida can be holding these twitter board of directors accountable from reversing their fiduciary duties. ♪♪ stuart: it is 11:00 eastern

time wednesday april 24th, 4:twenty. marijuana holiday day. check the markets, down just real's up 300 points as we speak, the s&p up 17, nasdaq on the downside. there is no mixing it up with netflix they are down and staying down, they were down 38%, $125 a share. $999 a share, musk tweeted he will be on tesla's earnings call at 5:30 eastern time, the 10 year treasury yield, 2.875%. let's deal with two hot missus, masks in the border, the cdc centers for disease control right in the middle of it. let's start with masks.

a federal judge says you can take them off, justice department says it will peel that rolling if he says masks are still needed. the administration is passing the buck here. they know removing masks is popular but with some democrats it is not. to avoid conflict they give the decision to the already unpopular cdc. that is not leading. on the border the question of what to do about the surge of migrants when biden lifts title 42. he will do it next month. it is unpopular because another million illegals are on the way. the president is searching for an escape route. he things he founded. you won't lift title 42 if the cdc says it is still necessary. let them take the blame. that is not leading. it is passing the buck. it is a sense of chaos and uncertainty on two of the most important issues, the pandemic and the border, the administration is not offering

clarity, where mask on a plane, take a position, you want another million illegals, yes or no, stop passing the buck, stop blaming everyone else, lead please. third hour of varney starts right now. look who's here, larra trump, great to have you and welcome back. why can't the white house take a clear position on masks or the border? >> it is so frustrating. to every single american when you were president of the united states to your point you need to lead, that is your job, you are the leader of the free world and i think not long ago to when my father-in-law was president we knew where it donald trump stood on every issue and like them or not that added strength to america, made

him a very strong leader and with president biden his weak leadership isn't just frustrating, it is dangerous, look at the fact you have a terrorist organization that took over an entire country in afghanistan, you have russia, vladimir putin making his move on ukraine. president biden -- he saw weakness. as the president of the united states you need to take a stand. on these major issues. we have a crisis at our southern border and the biden administration is doing nothing, trying to pass it off to the cdc. we finally don't have masks on planes, thanks to the florida judge who repealed that. i flew yesterday, almost no one had masks on, people were happy to have them off but we don't know where president biden stands because he wants to walk down the middle of the island doesn't want anybody to get upset with him but tell us where you stand. we when are you done with masks

forever? >> personally i am and i think most people are. you had doctor because on earlier, he is right, instead of following the political science why aren't we following the science, it is a specific kind of mask that prevents transmission of covid. most people are not wearing and 95 masks, it is just for optics, we are done with the masks, try forcing americans who have flown in the past 24 hours to put the masks back on, i double dare you. stuart: did you see jen psaki breaking down in tears when talking about florida's parental rights and education law. >> this is a political wedge issue, an attempt to win a culture war and they are doing that in a way that is harsh and cruel to a community of kids. i'm going to get emotional

about this issue. it is horrible. look at these laws in these states, going after parents who are in loving relationships who have kids. stuart: strong stuff. what is your reaction? >> i'm not sure what she is talking about. we all need to go back and remember what this bill actually says. if you were in kindergarten to third grade you should not be talking about anything to do with sex or gender identity. it is horrible, i will agree with jen psaki. it is horrible because we are forcing children who already grow up too fast, forcing adult issues on them that they can't understand. it is very confusing and if there are questions about these things it should always be up to the parent. it should not be part of a school curriculum but they continue to double down on the idea that this is

disenfranchising a group of people in america. it is not. dollars bill says is we should keep this kind of talk away from very little kids and everyone that agrees in sexualizing kids at a young age i have a lot of questions about in 53% of democrats agree with this bill so i'm not sure what she has been reading but perhaps it is not the florida bill that she referenced. stuart: chuck todd blasted the administration after the federal judge struck the mask mandate down. if you didn't see it i will show it to you now. roll tape please. >> one thing for a trump judge to strike down an order from the biden white house but a different thing for the white house to let it happen without any legal pushback or defend their rationale. they give you the emoji shrug, the full power and prestige of the presidency, his party's power is looked as if they are easy to roll. stuart: i am surprised the liberals are turning on biden.

that surprises me. >> you love to see it when they start to eat their own but he is talking about what we did at the top of the segment there is no position taken by this white house, on important issues, i displayed my feelings, what i think about it but it is interesting to see them going after their own. i helped to tell chuck todd and my father-in-law likes to reference him, most americans are tired of the masks, don't know why these people are trying to exert power over people continually, i guess that is what this thing is about but americans should have the freedom to choose whether or not to wear masks. there were five people on my flight the did have a mask on. that is what it is all about. if you want to wear a mask you should be able to, please don't

force the rest of us to do it anymore. stuart: personal freedom. great stuff. see you again soon. quick check of the markets. the dow industrials up 270. the s&p is up 11, the nasdaq is down 84 points. look who is here. eddie gabor has a strong opinion all the time. are you still selling? >> that is what we have been advising clients to do. this is a bear market and if anyone doesn't think this is a bear market, they never lived through one before. on these bear market bounces, and sells back off again, very typical of a bear market and lastly a point, people like myself, don't fight the fed, the market will go up. don't fight the fed works both

ways, don't fight the fed here, and at the worst possible time, that takes care of the inflation problem. stuart: can you tell our viewers when you think the stock market hits bottom? >> the earliest will be late third quarter, early fourth quarter. we have to see investors into the 40s, that is ultimately where we are going to get to. investors have been spoiled with bounce back the comes back quick and creates complacency which -- this is not an environment that justifies a vic's, that is what we help investors to avoid. stuart: we deserve it. we will see you again soon.

scrapping prelunch incentive for workers as employees go back to the office. are they ending all pandemic perks. ashley: no such thing as a free lunch and life. in life. the investment bank says it is transitioning to a paid for meal service for breakfast and lunch starting next monday. goldman says it is boosting the stipend to $30 from $25, wall street firms use free food as part of a push to bring employees back to the office. goldman, one of the most aggressive financial firms in pushing for return to the office. instead of free meals the investment bank says it will offer other options including snack pop-ups and support a local restaurant day but no free lunch.

stuart: ron desantis says it is time to hold twitter accountable, he will go after the board of directors for trying to block elon musk, the russian newspaper attacking president biden claiming he suffers from dementia. congressman mike waltz will respond. the ukrainian flag on the russian ambassador's home in new york city. eric sean was there and files his report after this. ♪♪ ♪♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get

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stuart: ukrainian activist group hold protests outside the home of the russian ambassador in new york city. tell me all about it. >> reporter: i am on the upper eastside of manhattan. the hedge fund millionaires and billionaires live on these streets. see the elegant mansion behind me? the home of the russian ambassador to the united nations and last night line reboot naps horrible war in ukraine came to his doorstep and we were there to report on it. a brazen, defiant, against the war in ukraine pro ukrainian protesters lit up the russian owned townhouse the official residence of the russian ambassador to the united nations with the ukrainian flag. the mansion bathed in yellow and blue colors by new york-based nonprofit charity, the protesters not only projected the flag on the front

of the mansion but also anti-hooton slogans hashtag putin is a war criminal and zelenskyy is a hero. >> the message, you lie too much and too many things have happened because of your lies. be the man and speak out. >> reporter: the russians bought this mansion for $35 million but there is no sign of it, no russian flag, no brass plaque and a parking sign simply says no standing. not the democratic zone you would expect. the reason is to hide who lives here. fox news has seen the ambassador, it is called putin's public by critics, a stalwart defender of letter reboot naps invasion, blames ukraine for the war, said the bucha massacre is staged and use the security council to

protect putin and his propaganda. >> war criminal, it is probably something close to hitler, to the nazi regime. >> reporter: some of the protests in london in the russian embassy has been ongoing in the past where demonstrators project images of the ukrainian flag on those buildings. as for the ambassador, he was seen arriving from new york at the townhouse behind me just before the protest began. the lights went on in the third-floor study behind me, no word on reaction from the russians. he has not emerged from the townhouse of this morning. as for the protesters, they and their vigil quietly singing the ukrainian national anthem named at the townhouse and repeatedly shouted glory to ukraine. stuart: that was a class act, see you later. the actor sean penn is talking

about his decision to film a documentary in ukraine before the war began. why did he make a documentary before the war? ashley: the actor said he was want plenty of times not to go to ukraine to film the documentary as the country was facing conflict and then later was told to get out in a not exactly polite manner. >> our government is extremely good at caution. american diplomats were pulled out and other american foreign service officers, don't go, there's not there, there will be no cavalry and so on. ashley: don't go but before getting out the oscar-winning actor described meeting zelenskyy saying he met him again and by that time he was

dressed in camo and he knew the world had changed. stuart: a newspaper in russia takes aim at president biden claiming he suffers from dementia. the article lists 5 examples of dementia that can be found in the president of the united states. that is there words. congressman mike waltz. what do you make of that? >> we should all want our commander-in-chief to be successful particularly in the middle of a crisis. his success is america's success. when you are on the world stage in a foreign trip as a commander-in-chief and make gap after gaffe, intimate a policy change for regime change in russia, when you hint the we will have troops on the ground in ukraine and when you basically say we will use chemical weapons in response to russian use of chemical weapons and the white house has to walk

all of that back it leads the world, our adversaries and allies to question who is in charge and if you can't deviate from the talking points, who is writing them? stuart: the governor of florida, ron desantis putting twitter's board on notice, further handling off musk's bid. role that tape. >> we are looking at ways the state of florida can be holding twitter board of directors accountable for breaching their fiduciary duty. stuart: is it okay for a governor of a state to get involved in a corporate takeover battle? >> i think state pension funds have a fiduciary responsibility and the state of florida which i am very proud of is taking a hard look about its investment

in chinese owned companies and american companies doing business and investing in china. companies cooking the books, west virginia took a stand about black rock as they go after call with their esg crusade even though they ignore the call coming out of china. i think it is appropriate. at the end of they the governor and the board of administrators overseeing this multibillion-dollar pension fund has a duty to its pensioners to the recipients and the twitter board is ignoring a good deal, very good offer. twitter taking a lot of cash in terms of earnings, that's a disservice to shareholders and will be a disservice to the florida state government not to look at the issue for its

pensioners. stuart: that is a fair point, fiduciary responsibility. than ks leas,ve y uouve u a a ne yet. aryoe yooryoian. ofri fdaof jge struck uc uc mma transporantionan masks insklori fhat t da ys ak erinso pe sin n n h5h au gu 02 i i onwaon a fli at wh a the d wved d rlittleur ander t are us aus t ahe adminisdmn istrisr ing politipo.po stuart: one of these days you will. take your time. >> don't new york my florida, leave the politics at the border.

stuart: i am coming down next weekend and i promise i will bring my politics with me. you are all right, see you again soon. another story. disney could lose its special status in for to. governor desantis wants to take away their self-governing, 17 covid related deaths after weeks of restrictions. my next guest, the death toll from the lockdowns will be much greater than the number of lives saved with covid policy. that is next.

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♪♪ give it up ♪♪ stuart: give it up. i know that. that is miami beach. my daughter is there. she is working. it is 79 ° right now. check the market. susan is back. let's start with ibm. what is going on with them. susan: leading the indices up 6.5%. in this type of market boring might be good, big blue beating

on top and bottom line to private equities, that is gone so healthcare division, they are raising full-year sales guidance to the top of the range appending the s&p, only down 3% before today and now they are upon the year. stuart: lululemon. i changed my opinion on lululemon big time. stock is down 2%. they are aiming to double their revenue in 5 years. susan: they are looking to double the 2,020 one revenue in five years, pretty impressive so they are targeting sales in 2026 and lulu is betting they will double men's division to buy those micro pants in the future and quadruple international sales and double online digital sales.

stuart: you couldn't say that without laughing. susan: like spandex. susan: they are choosing the debut of a new membership offering that will give him access to items and fitness. stuart: i've got to talk because my because i just found out musk will be on the call this afternoon. susan: we just found out he made it official, elon musk will be on the test learnings call. i will get on the earnings call now. do you think with his presence on the call this means tesla will report blow out numbers or only elon musk can spin these numbers. stuart: i can't answer that but it is a good point. is he going to say something about -- susan: twitter? let me tell you this, analysts expect the first profit drop in two years. of those numbers come in life, elon could step in and talk

about production numbers because they were good in the first quarter of this year but slightly less in the last 3 months of last year so you want hands on the twitter bid. of the one could also jump in if the numbers are light and start talking about twitter. susan: there are reports he is shopping for financing for the twitter bid. we know most of his wealth is tied up in tesla stock and options. do you think there might be some hints as to whether or not he will be selling tesla shares? that has an effect on the stock price. stuart: that is what rich people do. a ton of money so they don't sell the stocks, just borrow against the stocks and lead them as much as they want at a cheaper rate, 1.8% at the moment. someone does indeed, that was

good, i will join you on the board. shanghai will begin allowing some residents to leave their homes. they've locked down 25 million. how many will be allowed out? ashley: a whopping 4 million people have been allowed out of their homes after the yankee virus control shutdown china's biggest city, a total of 12 million people in the city of 25 million are now allowed to go outdoors following the first round of easing that began last week but some people are not allowed to leave their neighborhoods and large gatherings are prohibited. the imf is reducing its forecast of chinese growth to 4.4% from 4.8% because of shutdowns of shanghai and other industrial centers, that is down by half from last year's 8.1% growth, draconian measures

to combat covid, doesn't work i don't think. stuart: one with china expert warning the death toll from lockdowns will be greater than the lives saved by 0 covid policies. that man is author of the book the politically incorrect guide to pandemics. what will be see in shanghai when those millions of people are allowed to leave their homes? >> some of won't be leaving their homes because they will have died in their apartments. one aspect of cruel and unusual punishment is locking someone in solitary confinement. a lot of elderly people in shanghai, younger people living alone, they have been denied food for several weeks, may have run out of medications. when they take the padlocks off the door and say to everybody you can come out now some people won't come out because

they will have died of diabetes, lack of insulin, strokes, heart attacks, you mentioned the death toll admitted by the chinese communist party, i wonder how many 17 were people who jumped off the balconies of their high-rise apartment buildings and committed suicide in agony, desperation and despair for having locked in their apartment and having been virtually starved to death. stuart: xi jinping doesn't have an offramp to his 0 covid policy. how does he get out of this? >> people misunderstand what is going on. this lockdown makes no epidemiological sense. china has unleashed another covid horror story on its population. why? everyone recognizes we have to live with the coronavirus. it is a highly infectious respiratory virus from now on in the same way we learned to live with seasonal flu.

even countries that followed china into its mass containment model like australia and new zealand and germany are abandoning it left, right, and center and communist party continues to pursue the dream of covid 0. no political organization likes to admit it was wrong, the head of the national health services if we stop containment measures it means all previous efforts were for nothing. they were for nothing because they didn't stop the spread of the virus but also you have the drive of the chinese communist party to always have enemies in its gun sights. if it is not the christian population it is the leaders and the far west, the buddhists, somebody has to be targeted by the regime to maintain the muscular tone of the system and people at the top think we are a socialist country, we control the replication of a virus the same way we control production, that is what they said 40 years ago with regard to the one child policy, we are a socialist

country, we can control reproduction the same way we control production under a state plan like they produce automobiles but there's also a power struggle going on here. stuart: that is what i want to hear about. a serious threat to xi jinping? >> absolutely. the shanghai -- become to speak out against electing xi jinping president -- stuart: we are out of time. that's the most important piece of information you could give us and you saved it until the end. if there is a shanghai tweet against xi jinping that is a major league story. thanks for being with us. we appreciate that, thank you very much. now this. to completely change the subject it is time to break out that video of ashley at the pot farm. april 20, 4:20, world we day, there is actually.

the white house bringing back environment regulations scrapped by donald trump. the chamber of commerce that could add used infrastructure project timelines. next from the white house. ♪♪ if you invest in the s&p 500 your portfolio may be too concentrated in big companies. this can leave it imbalanced

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stuart: you know the music we are playing, she's so high, looking at denver, colorado, the mile high city. it is april 20th, it is 4:20, that is world weed day. check the pot stocks. would you expect the pot stocks to go up? you are wrong, they are all

down and all down significantly. i am told some companies are offering promotional deals to celebrate this marijuana holiday. i want details and you are the man to provide it. ashley: wing stop is launching a limited-edition chicken wings designed to taste like 4-twenty. what is that? the wings are flavored with a number of ingredients including hemp seeds, strawberry and cayenne pepper. the flavors described as sweet and blend is given a two out of five rating for spiciness. reviews of the product have been mixed. one twitter user says that is not how 4-twenty should taste. another said they want their money back. jimmy john's is running a promotion with a sliding scale discount based on how high you are. but hang on.

it is more about elevation than intoxication. the company will have an elevation checker site where you can enter your location to get a discount of 20% based on whether you're elevation is not so high, kind of high or highest. the company will be hosting a party for the occasion in leadville, colorado, the city with the highest elevation in the us, 10,152 feet, that is high. stuart: i am going to leave it right there, not touching this with a 10 foot proverbial pole. president biden says he's going to impose a rigorous environmental review on any infrastructure project. it seems to me a rigorous environmental review of all infrastructure projects will play havoc with them. >> solar and wind projects could be delayed and that is something the administration

wants, the bipartisan infrastructure bill is a way to long-term bring down inflation but long-term, under this administration's new regulations come on in the name of climate change, the chamber of commerce chamber of commerce says it should never take longer to get federal approval than it takes to build the project, the result of the changes that revert back to the 1978 process. and national environmental policy act. that review was done on the carter administration. it won't take effect until may. the regulations will make sure any project is done right the first time, challenges under the trump administration by rolling back regulations, what

they want to do. >> president biden: we are going to start replacing all 100% of lead water pipes and surface lines going into our homes. >> reporter: gave no timeline at the chamber of commerce said that's the type of project that could get bogged down in the environmental review. stuart: a hospital accused of using faulty research to push for gender affirming care for transgender teenagers. that report next. ♪♪

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back then, admission to the space needle was one dollar. now it is $35. that is inflation. next case. two researchers at the university of washington attract the mental health of one hundred transgender patients. they claimed gender affirming care dramatically reduced depression and even called the care lifesaving. under jason rents. what is the real story on this study? >> the real story is the data didn't say what they claimed it said. it was so misleading the university of washington had to revise its press material and pool the promotional video down that they were using for the study. on depression the data just saw of 3% improvement on anxiety, no improvement whatsoever among the teenagers who were transgender or non-binary who went on the puberty blockers, that's not statistically significant and researchers made these claims about the

data saying there was a 60% increase in mental health outcomes but they compared the patients who went on gender affirming care to those who didn't, there was no causal relationship established because the data didn't show any meaningful improvement after going on puberty blockers meaning folks who held the view about severe to moderate depression who were not on puberty blockers went on it. of those people, only a 3% improvement. they are cooking the numbers or at least being disingenuous and reopen about why they are doing it, back to the legislation being pushed around the country. stuart: as the study been withdrawn? >> they have not withdrawn the study, they stand behind it but wanted to clarify any misunderstanding. the problem is the

misunderstanding of the data, disingenuous and intentional, none of it was corrected by any media outlet that uncritically reprinted the press release. stuart: except you. you got it out there and thanks for giving us the story today. sorry it is so short but you know how it is in the news business. thanks a lot. governor desantis of florida taking steps to terminate disney's self-governing status. how soon could that happen? ashley: this week. conceivably even today disney, those gloves are off now. republican governor ron desantis formally asking state lawmakers to consider ditching the special tax district called reedy creek the loud the magic kingdom to govern 25 hours, one thousand acres it sits on since

1967 but the governor is adding the controversial proposal to a special legislation session on redistricting that is going on this week. take a listen. >> they will be considering the congressional map but also considering termination of all special districts that were enacted in florida prior to 1968, that includes the improvement district. ashley: the fight is really on and it goes back to florida's parental education bill that bans topics for sexual orientation and gender identity in kindergarten through third grade. when employees began protesting disney spoke out against the don't say gay bill and vowed to overturn it. florida republicans are hitting back, losing the special district designation could cost disney tens of millions of dollars a year. it has 40 lobbyists in

tallahassee and disney normally gets what it wants but you can bet the entertainment giant is shellshocked, especially as they are coming under fire from a government that says he will not tolerate corporate wokesm. we are in the middle of it. the special legislative session could vote for that, repealing the special district for disney. stuart: desantis is a tough guy, don't mess with women, he will come back at you. listen to this. the wednesday trivia question. who read the most books for year? the us, china, india or thailand? an interesting selection. the answer after this. money with a simple text. like what you see abe? yes! 2b's covered with zero overdraft fees when he overdraws . . t.

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stuart: here is that question. this is a very good question. in which country to people read the most books per year? here is the choice, united states, thailand india china. >> first thought i thought india or china. i have no idea. i will go with china. stuart: i went with india. number three. show me the correct answer. it is india. i have more answers. number one is india. got that. number two is thailand. that surprised me. china. >> would never picked that. stuart: where do you think the u.s. came in, ash?

take a wild guess? >> number 23, how about that. >> my goodness. >> how about that? >> my goodness. very surprising. stuart: ashley, got to leave you real fast. check netflix, still down 37 odd% at moment. closed last night at 348. now quoted at 219. by the way on the call for tesla tonight, musk will be on it. neil, it is yours. neil: stuart, thank you very, very much for that. queer following a tale of two worlds going on in technology land. good thing not all technology stocks are not following netflix lead. as stuart told you that stock is down 37% after announcing yesterday lost subscribers first time in more than a decade, 200,000 of them, weighing on the stock you might assumed levels buyers would say this is overdone, we're going to jump in here. that is not happening. offsetting that is the surprisingly good news we got out of ibm. that stock i