spend the morning with you with. hey, liz are, some final words. you got, like, 10 seconds. [laughter] >> well, we weren't going to talk about queen elizabeth's jubilee. love queen elizabeth, i celebrate her, and i want the barbie that's being created. dagen: her kids and grandkids, not so much. >> that's true. dagen: "varney & company" is right now. stuart: queen elizabeth turns 96 of today. i hope you're all aware of that. dagen: yes, thank you. yes. stuart: good morning, everyone. is this whole month devoted to elon musk? he's made giant headlines almost every day, and he is at it again today. tesla blew everybody away. profits, profit margins, revenue, sales, this company turned in a stunning performance, and the stock is going straight up. 9%, look at that. barron's magazine says tesla left wall street speechless. we'll have more on that, believe me. bill actman losing a small

fortune on netflix, the other stock market mover. he's dumped his shares and lost over $400 million. netflix lost bigtime wednesday, and it's down more today, actually down 60% this calendar year. ouch on that one. overall, though, the markets rallying this morning. the dow industrials are up about 250, s&p maybe 40, but look at the nasdaq, coming back nicely, up 18 the -- 182 points. blackstone reported stellar or results this morning. this giant company, which has a stake in a variety of industries, is powering ahead. i own a few shares in blackstone, full disclosure. bitcoin heading to $42,700 as of right now. interest rates holding pretty steady. the 10-year treasury yielding 2.86%, thank you. oil, i'm going to call it steady at $102.84 per barrel, but nat

gas, watch out, there's talk of a nat gas supply crisis. watch your electricity bill. it's now above $7 per million british thermal units. gas creeping higher, up about a penny a day these days, $4.12 on average. diesel, little changed. you can still buy it around $5.0 6 per gallon. that's truckers and farmers. all right. war news. russia tests a new missile which putin says can overcome all known defenses. that's what he says. and he gave a tv interview where he claimed he would not storm the last are defenders many mariupol. instead, he says those fighters will be seal off so that not even a fly can get through. the deputy mayor of mariupol will be on our show today. mask news, the justice department will appealing the -- appeal the ending of the mask mandate on planes. do they really think they're going to go backwards? i can tell you the masks have come out just about everywhere.

disney's in the news. a florida bill would strip its special tax and governing status. governor desantis doesn't like disney trying to overturn the state's parental rights law. why should a self-governing enclave dictate policy to the res of the sate? good point. queen elizabeth turns 96 today. the brits do not celebrate her birthday today. no, they wait until if june the 14th. don't ask. tuesday, april 21st, 2022. "varney & company" is -- what day is it? thursday. it's about to begin. ♪ ♪ i'll never let the feeling go. ♪ this love has no ceiling, i cannot deny ♪♪ stuart: where would i be without a producer to tell me what day it is? [laughter] to be clear, it is thursday, april 21st.

i got that. i want to get straight to tesla's blow report. here's the story. revenue up 81 is % -- 81% from last year. tesla says is nut -- the shutdown in shanghai caused a hiccup. this their production, but tesla shanghai, quote, is coming back with a vengeance. musk also defended recent price hikes. tesla's cheapest car model now is the model 3, $46,990. that's up 34% from three years ago. he says the cost of raw materials are to blame. musk also promised to unveil the robo taxi within the next two years. notable, no mention of twitter on the earnings call. tesla's stock is up 9.6% this morning, $1,071. now this. we knew it was coming. the cdc has asked the department of justice to appeal the ruling that got rid of the mask mandate. however, the white house is still giving out mixed messages. roll tape. >> people continue to wear masks

on planes? >> that's up to them. >> the president was answering the question quite literally which means right now, as you know, we are not implementing the mask mandate because of the court order which we disagree with. to be clear, we are recommending everyone wear maxes on planes. that is what the cdc is recommending, that is the public health guidance we are following. stuart: good luck with that. professor brian brenberg is with us this morning -- [laughter] do you think they can get us to wear masks if. >> no, no. except for a small holdout, there's a few people who are never going to give it up. but the if you've been on a plane, you know it was a joke. everyone's sitting there eating and drinking, no masks. what's the difference? stuart: yep. there are some holdouts, notably new york city. i believe the airport laguardia and jfk and the subways and the buses still require masks. >> yeah. i've been on the subways a lot this week, and i can tell you definitely fewer than 50% of

people now are wearing masks. stuart: it's all the way down there? >> it's way down there. and, again, because it's just so is ridiculous. they're thinking why am i wearing a mask on this subway when i'm not sick? i can't spread anything. stuart: yeah. the case load is rising, but it's a case load of almost asymptomatic people. >> yeah. stuart: i mean, i don't see the hospitals jammed full of people. >> no. we've decoupled between cases and all the serious stuff. so again, people are just using common sense and saying why are the medical authorities insisting i do something that probably doesn't work if it's a cloth mask anyway. and, number two, when this thing has become endemic, like a cold. stuart: the clear winners in the pandemic response were republican states, notably florida and texas. clear losers, california, new york, new jersey, illinois. >> and they're doubling down on losing. that's the thing. stuart: makes sense. i'm glad you're here.

e you helped me out with what day of the week -- >> it's a great monday, stuart. stuart: thank you very much. all right. hang in. you're here for the hour. check futures, please. i see a lot of green. up 200 on the dow, nasdaq up 165. look who's here, david bahnsen himself. you've got to tell me about blackstone. you've talked about it for some time. you convince me to buy it, thank you very much, and now it's come in with a blowout profit report. what a company. >> it really is a fantastic company with a great business model. it was a huge quarter but, stuart, $917 billion of assets they're managing. when i first bought the stock ten years ago, they were managing $200 billion. those are fee earnings, okay? this is recurring revenue that they're going to get year-over-year. so it's a great story today, and it's a great story into the future. stuart: is it still a dividend play, blackstone? >> yeah. they declared a big dividend this morning. it annualizes to about 4.5%,

and, of course, they've been paying a big, juicy dividend for many years. stuart: they have, indeed. i know you brought two more dividend-paying stocks, one of which you've mentioned several times before. that's ibm. what do they pay now? >> close to 5% on their dividend. he were up over 7% yesterday when they announced earnings. it was their biggest revenue in years, biggest revenue growth. and they just really righted a lot of what was wrong with the company. this old tech versus new tech thesis that i've had for a while, it was not working last year or the year before. it's really working now, stuart. irk bm is doing great. -- ibm is doing great. netflix is back to 2017 stock price. they gave up five years of returns in three months. stuart: yeah. >> facebook is down 50%, but then you see ibm up 40%. this is, to me, where there's great value for investors.

stuart: fascinating. old tech comes back. procter & gamble. >> yeah. also up about 4% in the last week, and this is the story of inflation and higher prices means lower margins except for when you're procter & gamble and you can pass on the cost of higher soap and higher diapers and laundry detergent. you can pass that on to customers. that a's called pricing power. you may not like it when you're the guy at the store buying things, but you do like it when you're an this wasser in procter & gamble -- investor. a great inflation hedge. stuart: what's the dividend payout? >> roughly a 3% dividend, but most importantly, they've grown the dividend every year for 80 years in a row. stuart: every year they've grown the dividend, 80 years plus. good lord. >> just like i want you to know today is thursday, procter & gamble grows the dividend every year. stuart: sarcasm can, young man,

is a low form of wit. david bahnsen, however, i you are all right. we'll see you again soon. take a look at apple, 168.76 this morning. some employees at their store in georgia are leading a push to unionize. they say they were inspired by the amazon warehouse workers in alabama who unsuccessfully threed -- tried last year. i think joe biden's behind it, brian. >> what's apple going to do about it? think about the products they need to sell. do you need to go to the store? can't you just order online? at what point does apple say, let's just do this online and forget about it. automate if it, stuart, it's apple. stuart: but you need a human being to guide you through your new little device. >> you do not. you've got susan here, you've got lauren here. you don't need apple to do that for you. stuart: what do you think their response will be? if raise wages? >> apple has really positioned itself on the far left wing of

politics in america, so the chickens are coming home to he'- roost here. i could see them ca lating. but i think it's a long-term deficit to the company because they actually play their employees pretty well. they give them retirement, stock, tuition reimbursement. what are we unionizing for? why is this happening? i think it's more poll -- politics than logic. stuart: i'm showing you futures, lots of green. up 250 on the dow, up 40 on the s&p and the nasdaq rallying to the tune of 170 points, that's 1.25% on the nasdaq. even a self-confessed critic of governor desantis admits he had it right on covid. roll it >> i was critical of governor desantis, still am, during the height of covid. but if you really look at the numbers, florida actually came out -- >> [inaudible] >> he has --

[inaudible] stuart: yes, indeed, they came out okay. we'll have more on that, believe me. a standoff in the devastated city of mariupol. the last remaining soldiers and civilians are holed up will in a steel plant desperately short of food and surrounded by russian forces. it's a dire situation. the full report after this. you know liberty mutual customizes your car insurance, so you only pay for what you need? like how i customized this scarf? check out this backpack i made for marco. only pay for what you need. ♪liberty. liberty. liberty. liberty.♪ my sister's managing a lot, only pay for what you need. including her type 2 diabetes. but she's found new ways to stay on top of it all. once-weekly trulicity is proven to help lower a1c and it can help you lose up to 10 pounds. trulicity is for type 2 diabetes. it isn't for people with type 1 diabetes.

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matt? >> reporter: well, there is a lot going on in mariupol and also russia has announced that it has has successfully conducted a it's on a new intercontinental missile which putin claims is capable of overcoming all missile defense systems and would make those who try to threaten russia think twice. putin claims that russia's missile was made almost exclusively of russian parts which was apparently a jab at the united states and western sanctions. notably, the pentagon scrapped a similar missile test earlier this month over concerns it would enflame tensions with russia. pentagon spokesperson john kirby says the u.s. was warned of the test ahead of time. the white house says it's not concerned. >> the timing and the scope of russia's missile tests do not influence our approach to countering the invasion of ukraine. so it was noticed through the proper process, and the department of defense has spoken to this as well with. >> reporter: and in the coastal city of mariupol, a dire standoff between ukrainian marines along with innocent

women and children hided -- hiding in a steel plant, reportedly starving to death. within the past few hours, putin is now claiming russia has captured mariupol, and he's ordered his rooms to no longer storm the plant. instead, blockade the facility so that not even a fly could get through. but an adviser to ukrainian president zelenskyy says russia cannot claim it's taken control of mariupol. >> translator: the situation means the following: they cannot physically capture it. they've understood this. today suffered huge losses there. -- they suffered huge losses there. our defenders continue to hold it. >> reporter: bloomberg news is also reporting that a small but growing number of high-level players in russia now worry this war will set russia back for years and there is shared fear that putin could turn to a limited use of nuke nuclear weapons. and the kremlin indicated its

new demands to end this war, it's not quite clear what's on that document and as of yesterday ukrainian president zelenskyy says he hasn't seen it. stu? stuart: got that. thanks very much, deet deed, matt. let's bring -- indeed. you've been in ukraine for over a month. you've told us previously that military supplies not really getting through probably. is the biden add administration dragging its feed? -- feet? >> i think they are drag their feet. and the fact is that the ukrainians need all the weapons they can get. these last defenders, stuart, in the city of mariupol, they're true heros. roughly 100,000 civilians remain in that is city. the ones that are left have no electricity, no water, the russians are starving them out, and innocent civilians are dying in places like this every day. the ukrainians, they need more weapons to defend themselves. you've got soldiers with very little ammunition, protector gear, yet now they're still winning because they're

defending their homes. they're going the die protecting and defending their land, and they are in desperate need of more weapons. they need ak-47 ammo, drones, night vis, armor plates -- night vision. we're supplying every day from the nonprofit side, but it's nonstop. look, when certificate certificate eleven is sky comes out on -- zelenskyy comes out and says that his soldiers need more weapons, this isn't hyperbole. he is telling the truth that they still don't have enough. the further you go into eastern ukraine, the less equipment you see because it's hard to move logistically. the soldiers are running through these javelin missiles so quickly, stuart, and after personally witnessing the horrors of what russia's doing, personally seeing the general side, there's no doubt in my mind that russia needs to be stopped, and the u.s. should be is helping behind the scenes. stuart: okay. if ukraine were to get the weapons that they want, western weapons whether it's tanks or

planes or whatever, could they beat the russians on the ground and force russian troops out of ukraine if the ukrainians got what they're asking for? >> without a doubt. if they're getting what they're asking for, they could absolutely push them back. they're already killing russians 10 to 1. they've got the will. you can't imagine some of the stuff that's taking place on the ground on a daily basis. one of my team members was delivering medical kits to soldiers holed up underground that basically have nothing, the russians are slamming missiles into gas stations, schools, infrastructure, i just got some video from one of my team members, in the span of two hours just being in a small town on the front lines, he counted at least 16 missile strikes including 2 directly impacting the building he was in where women and children are trapped and scared for their lives. you wouldn't believe a lot of the atrocities being committed, and i think the -yard line ukrainians would absolutely be able to stop this. the world has yet to really see the true brutality, because many

journalists can't even get into some of these areas where the russians have been bombarding them with artillery. stuart: good stuff. brett velicovich, thanks for joining us. thank you. the u.s. has announced a new round of sanctions on russia hitting a commercial bank as well as a russian oligarch. brian, in your opinion, i mean, lots of sanctions have been levied, that say -- have they really, really hurt the russian economy? >> i mean, they hurt9 the average people, but it's not clear if putin is suffering. he's still making a billion dollars a day from energy sales. the ruble has recovered a lot of its value. he's still able to fund husband war that machine, so you've got to ask what are they doing at the end of the day? are they achieving the objectives we're supposed to be hurting? stuart: well, if it's hurting ordinary russians, it hasn't made them change their war policy. >> i haven't seen any behavioral change. in fact, they seem to be accelerating in some ways, so

why do we keep going down this road when it's obvious the hole in all of this is natural gas and oil? and yet we still are light, you know, germany talk about getting off of oil by the end of the year. that gives putin an awful lot of time to find other buyers. stuart: you can't just cut off oil and gas to western europe just like that immediately. >> no. stuart: they're already heading to recession. >> but it just remains the case that the u.s. could be doing so much more to let vladimir putin know the entire energy if regime is about to change across the globe because america's opening up, and he's done the opposite, stuart. until he does that, this game doesn't change. stuart: until we drill like crazy in america, that's the way it is. market check. dow's going to be up about 230, nasdaq up about 170. that's a look at futures. the opening bell next. ♪ everything looks better with you. ♪ why you always in the mood? ♪ messing around like you're brand new ♪♪

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stuart: oh, netflix, down another 2.5%ed today. it was down 35% yesterday. mark mahaney joins us this

morning. i'll bet you trimmed your price target for netflix, because i believe it was, you were looking for it to get to 525. what's your target now? >> no, no, no. our price target now is 300, and i think we were at 425 before. no, across the street people are taking down price targets and estimates. this company has hit a growth wall, to questions about it. and, you know, it's going to happen -- it happens to all growth companies. i think it happened, in my mind, for netflix, i downgraded earlier this year. but i've been a long-term bull on the stock. that growth, while it got hit about 2-3 years earlier than i thought it would, its maturity in some of its oldest a markets and there's in this issue of their inability to really ramp up effectively in the asian pacific. stuart: not a time to buy this huge dip? >> what happens here is when premium growth stocks, companies that can generate 20% plus growth for a substantial period of time, they're rare, when they break below that, those stocks

can often times be in, i don't know, stock purgatory. they trade in line, after that correction they'll trade in line with the market. it can happen for 6, 12, 18 months, a long period of time. you've got to roll over the investor base, value investors will come in. i think that'll happen with netflix. i think it's a no man's land stock for the next year. stuart: tell me about tesla? that thing's going to the moon this morning. of. [laughter] >> i'm sorry, stu, i don't cover tesla. i wish i did. i'm sorry i don't. stuart: o.k.. what about -- let me go back to amazon. now, they took a hit when netflix took a hit. i guess it's because of whatever, but they took a hit. are you still stick ising to your $4,000 per share by the end of this year? >> yeah. you had a lot of tech stocks trade off yesterday because netflix was a warning to investors that growth doesn't last forever, and you don't want to be around a high multiple, high growth stock when it goes x

growth. they all will at some point. at some point amazon's not going to be able to sustain this 20% growth that they've done for the last decade. when the growth period becomes more pedestrian, the stocks correct. i don't think that amazon's going to hit a growth wall anytime soon, because they've aggressively invested in new initiatives. they've been right to do that. even though it's taking down margins, they're right to do that, so i'm not worried about amazon. stuart: okay. 4,000 by the end of the year, says mark mahaney. market has just opened. i'm sorry if i misled everybody by getting the day wrong at the top of the stow is. -- show. stop laughing, susan. ooh right from the get go we're up 257 on the dow and a very solid move for the nasdaq, an almost 1.25% -- i'm guessing that all the big tech stocks will be up. yes, sir, they are. microsoft, apple, alphabet,

amazon, meta all on the upside. i want to talk about tesla. susan: eau -- oh, yes. stuart: are you going to have at it, our own susan li? susan: monstrous numbers, that's all i can say. record profits of over $3 billion, sales almost doubling from haas year. 6 -- from last year. 60% car production growth reasonable this year, according to elon musk, on an earnings call last night. that's huge. 1.5 million possible deliveries in 2022. six analysts raising their price targets this morning, i saw oppenheim oppenheimer going up to 1299 1. cathie wood last year calling 4600 for tesla by 2026. that's in pour years' time. she might be right. you had elon musk last night on that earnings call which i listened to and it was interesting, he's talking about a new robo taxi coming online for production in 2024. no pedals, no steering, cyber

truck will be ramping next year. so austin, berlin coming online are, and margins were incredible in these high inflationary times, near 39%. so they've raised prices enough on their cars, there was enough demand that they can make more money per car that they ship. how incredible is that? stuart: and they can sell any car they ship at a higher price. supersusan demand is there, it's supply. and he's talking about how if you're a lithium produce per, you can make margins just like software companies. there was no talk of twitter on that earnings call. i listened to it for an hour, to questions on twitter. but this kind of tells me why elon musk might want to buy the social media company. he says a trillion dollar valuation with zero advertising spend. general motors spends $2.5 billion each year on marketing, and they're worth less than's la. stuart: what is this $1 trillion valuation? susan: tesla spends pretty much

zero on advertising and marketing. it's elon musk, it's all word of mouth, and product is more important than advertising. if you have a great product out there, people will buy it. stuart: and he's such a character. susan: charisma. stuart: the man advertises himself. it's a brilliant fashion. i used to say he was barnum and bailey, a showman. susan: yes. and also send rockets to space. the man is brilliant. not just personality, charisma, but he's highly intelligent. stuart: isn't will there also the boring company? haven't hay got some news on that? >> he just raised $675 million, that this values his company at $5.7 billion, and they plan to spend that cash on scaling loop which is that high-speed system which will shuttle passengers. from what i saw given his wealth distribution, the boring company

only contributes about $300 million even though he's worth around $270 billion. but it's a growth opportunity. stuart: what was that neurolink? that really turns me on. you can link your brain to a computer, you know? susan: yeah. you can live forever, according to elon musk. you can download your personality and yourself sometime in the future possibly onto a robot. stuart: okay. we're off into fantasy land. [laughter] we're not going to go there. susan: i love optimists. he says that the robot is going to be a bigger business, and he said that with a lot of confidence, a bigger business in the future than cars or even full self-driving. stuart: let's move on -- susan: okay. i could talk elon musk all day. stuart: so could i this day. netflix down a bit more this morning, but tell me about bill ackman and how much he lost are. susan: he lost around $400 million. they're saying, okay, we're going to cut our losses. we know when it's a bad trade,

and we'll just walk away. ackman if pushing about 3.1 million netflix shares in january. that was an average price of 375, so you lost around $150 per share during that time, and he says that netflix will weigh on perishings' -- pershing's returns. they're down 2% so far. stuart: okay. reminds me of my losses in boeing -- [laughter] >> wow. stuart: all right. now if i want to get to blackstone. susan: yeah. stuart: i've got a thin sliver of this thing, and it's going gangbusters. susan: this makes up for the boeing trade. stuart: sure does. susan: huge quarter. growing assets. you said yesterday it was in the trillions, it's actually $900 billion. that's still huge, right? strong real estate and credit operations there. stuart: have we got something on american airlines? stuart. susan: oh, my goodness, it was up 10% in the premarket because

they doubled revenue in the first quarter. an airline, doubling revenue. they lost money though. they lost more money than expected, but they are guiding for profitability. they will make money this springtime, and summer travel is very strong. stuart: yes, i saw, i think it was the united guy -- susan: the united guy? stuart: kim kirby -- he was looking toward a huge travel season. susan: yeah. i also want to highlight hbo and at&t, and i think this is important. when have you seen at&t move like this after earnings? apparently hbo max grew their subscribers, not huge, i could say is. tear only up 3 million -- they're only up 3 million quarter on quarter for a company that's still growing, but it's better than netflix, as you know. stuart: that's right. not a total streaming loser. okay, got that. super, you're all right. supersusan thank you. stuart: what's the leading -- susan: boeing's occupy there --

up there as well. apple and intel, the technology companies are having a strong comeback today as we await jerome powell and what he says at the imf meeting. stuart: the s&p 500 headed by -- >> american airlines, csx. american's outperforming unitedded despite the strong the report card -- stuart: you look at american airlines, below $20 a share, look at it now. [laughter] susan: well, i mean, for the full year it needs some help, but. stuart: a railroad, best performer, along with bookings, that's the summer travel. all right. susan, you are released for a couple of hours. see you later. the dow is up 252 points, that's almost three-quarters of 1%, and you're well above $35,400. the 10-year treasury yield roughly 2.88%, okay insome below 2.9, that's an indicator. bitcoin, $42,000 and change,

42,990, close to 43. the price of oil was 102, now it's 104. nat gas, i'm really interested -- [laughter] well, i am interested in it. that's what people use to heat their homes and all kinds of things. susan: yeah. maybe it'll change -- stuart: it's way up. there's a crisis here. the price of gasoline, the average for regular is 4.12, and in california it is 4.68. got it. supersusan 5.68. stuart: 5.68 in california. could it be the return of free? roll tape. >> yes. he must make public colleges and universities and trade schools tuition-free. tuition-free. free, free, free. free. stuart: yeah, free is the world. socialist senator bernie sanders teasing another run for the white house. yes, we will get into that. mask confusion. can a mask protect you on a crowded plane if nobody else is wearing one?

that's a pretty good question for the doctor, and doc siegel is going to be the here. lincoln is getting into the electric vehicle business. is that what their customers want? i'll ask the president of lincoln motor company next. ♪ ♪ if you invest in the s&p 500 your portfolio may be too concentrated in big companies. this can leave it imbalanced and exposed when performance varies. invesco's s&p 500 equal weight etf, rsp, is spread equally across the s&p 500,

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stuart: ah, we're just getting this, and again it's from elon musk. he has received a debt commitment letter of $13 billion from morgan stanley. in other words, morgan stanley will give him a lot of money. he is says twitter has not responded yet to his proposal, but he is prepared to begin any negotiations immediately. strangely enough, the stock is actually down just about .6% on that news. we're waiting for president biden at the white house. he will give an update on the

ukraine situation any moment now. we'll bring his comments to you when they happen. lincoln motor company has debuted its brand new all-electric vehicle on your screens, it's the linning con star concept. the president of lincoln motors joins me now. joy, i read your stuff. you want half your cars to be electric by 2025 or 2026, but is that what your customers want? >> yeah. good morning, stuart is, thanks for having me. yes, we do think that's what our customer wants. we certainly are seeing demand increasing for evs. you've been talking about that a bit this morning, and we've debuted our new lincoln star concept this morning -- last night, excuse me, as part of our centennial celebration. it's a true concept to get feedback from our clients, and it represents a new brand dna for the lincoln brand. stuart: what we're looking at, left-hand side of the screen here, that is just a concept.

that's not the actual model which will go into production which we can buy in the future. that's just a concept. what's so special about it? >> yeah, correct. it's a concept that our designers really were able to, you know, unleash their creativity and leverage this flexible platform that you get with an electric vehicle when you don't have the engine in there and really reimagine not only the exterior, but also the interior. so that's what you're looking at. and at the same time, it was time to evolve is our quiet flight dna for the next generation of ev customers. the interior's very spacious. this is a two-row opportunity here that we have. it has a shang whew -- sanctuary in the interior, coast to coast screen, lots of digital experience opportunities, rejuvenation modes for our clients to experience, so lots of opportunities with this vehicle. stuart: fascinating. and i really like the look of it. joy, thanks for being with us.

we'll wait for that thing to go into production and and then we might -- we'll take another look at out. thank you very much, indeed, joy. appreciate it. >> thank you. stuart: the founder of fedex has some advice for president biden. the advice is pay attention to gas prices. roll tape. >> you're talking to a transport man here, not a political person. but i will say this much, president obama one time told me in a small group that everybody thought his poll numbers went up on this, that and the other thing. he said they were almost perfectly correlated with the price of gasoline. [laughter] stuart: i think mr. biden should really listen to that, shouldn't he? >> i wish he would. but i'm just not convinced that he hates these gas prices. i mean, the left wing of his party said in the very beginning they want higher gas prices because they want to shift the entire economy. i think the president is still beholden to them. i think it's going to hurt him welcome tomorrowly, but, you know -- electorally.

he's in a bind right now. stuart: he's not doing anything about it. if he had a full scale commitment to drill, baby, drill, i think that would have something to do -- >> everything is window dressing. every announcement is window dressing. it doesn't move prices because i just don't think he wants to, stuart. stuart: and they're going up again. 4.12. >> couch. stuart: an adviser to bernie sanders says the vermont senator has not rule out a presidential run in 2024, that it would only happen if president biden doesn't run. [laughter] you'd love bernie sanders to run, wouldn't you? >> do it, senator sanders. run. in fact, i think what he's trying to say is you need to step aside, president biden. that's what he's doing. you have not pleased progressives, i will. he's saying dump this president and go with me. i don't think this is a, oh, i'll stand in line. i think what he's saying to biden is get out of line. stuart: he would be, what, 83 by the time the election comes around in 2024?

82, 83? >> yeah. that's not a problem in his mind, i guess. nothing's a problem many terms of his views. age is the least of my concerns when it comes to what he advocates. stuart: socialists never retreat. they're always the same. >> the reason it never works is because nobody went far enough. same thing with communism -- >> stuart: that's right. >> believe me, believe me. stuart: socialist paradise is that close. >> we're so close to it. stuart: we're having far too much fun. we really are. delta, keeping its no-fly list for passengers who refused to wear masks even though masks are not required anymore. we'll take that on. it's called the garden state is. reck recreational marijuana -- recreational marijuana starts today in new jersey. we'll take you to a pot shop where there is already a line around the block. we'll be there next. ♪ bring me a high higher love, oh,. ♪ if bring me a higher love.

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>> one could argue that much -- i was critical of governor desantis, still am, during the height of covid. but if you really look at the numbers, florida actually came out -- >> the economy's strong. >> is and the economy is strong. stuart: they're all nodding in agreement, and they're right. florida is absolutely booming. they did the right thing. >> yeah. but where were these guys when they were throwing desantis under the bus? this is the problem with all these hot takes and middle of something going on and they proclaim very confidently that florida's a disaster. oh, and then a year later they sit around and say pretty good, actually. we like it. stuart: as i remember, some of them said -- desantis has got blood on his hands because he withdrew the restrictions early. they were saying things like that. >> but now they laugh about it and and say that he's got a point. stuart: okay. delta will main take their ban on -- maintain their ban on people who don't wear masks.

should these people be allowed to fly on delta again, in your opinion? >> yeah. this is bordering on vindictive, to not let them get back on a plane. we've got to move beyond this episode, and the wayed to do that is to get back to normal. they don't have to wear a mask now. let them back on the plane. if we keep people in purgatory, if we keep punishing people especially for not wanting to comply with things that turned out not to be true, that turned out not to be scientifically supported, we are in for a world of hurt. stuart: i'm going to be flying tomorrow, i'm going to head down to florida. i'm flying out of newark airport which you're okay with no mask, apparently. i want to see how many people will be on my flight and in the airport maskless. i would hope it's 90%. >> i would too because if science supports that, it's time to get back to life. everyone wants to travel. let's make it as pleasant as possible and get this economy going. stuart: fortunately, i'm not flying out of laguardia or jfk -

>> right. stuart: i would still have to wear -- >> come on, new york. get with it, let's go. stuart: dream on. [laughter] check those markets, please. we've got the dow up, what, 200 -- 300 points. yeah, right, 300 points, and the nasdaq's up 208. i'm going to call that a win. it's a rally. brian, thank you very much for being with me. >> it's been a great tuesday, stuart, thank you very much. stuart: stop it. ahead, brad little, kayleigh mcenany, michael goodwin, dan henninger. the 10:00 hour of "varney" is next. ♪ ♪ you don't want to be alone. ♪ i know i always come and go ♪♪ ♪

..

stuart: good morning. it is 10:00 eastern time. we are dealing with your money. dow industrials up 300 points, the nasdaq up one hundred 80 points. that is a solid rally across the board. look at the level for a moment,

the dow is at 35,476. the treasury yield holding at 2. 89%, up a little but that is i not hunot inhunothhunana g tebig lchy by bsl rd ecd p azaz,,ha a-beta'-bup tc iat i $ a,7oi a yo ve rly across board he ments mee to t presidest biesden, he n,ll march up tupthatup podium and n updaup on the situe atn earlier this morning the president met with the prime minister of ukraine, by zoom or washington dc, he held that meeting. may be the announcement that is

coming shortly will be more on that meeting and what is happening in ukraine, maybe even what weapons will be transferred to the ukrainians. as we wait for the president i will show you the latest on mortgage rates. it is thursday morning at 10:00. what is the rate? ashley: we are running out of time. 5. 11%, up %, up 5%, the seventh consecutive week of raising rates, the demand for houses starting to moderate a little. this time last year the rate was 2.97%. stuart: here is the president. >> president biden: i had the honor of spending time with the ukrainian prime minister's in town but he is meeting with some of my cabinet members, the secretary of the treasury and others, talked about what i am about to tell you about today as well as he was thanking the

american people, understand it is significant and we talked about keeping everyone together in terms of the european union and others in the effort to stop vladimir putin's brutality but before i head out to the west coast i will update the american people on the latest steps we are taking to support the people of ukraine and hold putin accountable for his brutal and bloodied war. russian forces retreated from key of leaving behind horrifying evidence that you've seen and reported. i don't say this often but i think we should give enormous credit to folks in your agencies that are on the ground in ukraine, in these spots, i have spoken to several of them, we owe them. uncovering the evidence of the atrocities and war crimes against the ukrainian people is clear to the world, now they've

launched and refocused their campaign to seize new territory in eastern ukraine and we are in a critical window of time that they will set the stage for the next phase of this war and the united states and our allies and partners are moving as fast as possible with forces that they need, the weapons they need, the forces they need to defend the nation. i signed in $800 million package of security assistance to ukraine to include new capability like utility systems and armored personnel carriers, tailored to support intensified fighting in the donbas region which is different than another places because topographically it is different, it is not in the mountains and requires different weapons to be effective. i'm announcing $800 million to

further argument ukraine's ability to fight in the east in the donbas region including heavy artillery weapons, dozens of howitzers, 144,000 rounds of ammunition to go with those howitzers and it includes more tactical drones, in the past two months we moved weapons and equip into ukraine at record speed. and machine guns, radar systems and 50 million rounds of ammunition. the united states alone has provided 10 anti-armor systems for every one russian tank in ukraine, 10:1 ratio. we are sharing and continue to share significant timely intelligence with ukraine to help defend them against russian aggression. on top of this these direct contributions, facilitated the significant flow of weapons and systems to ukraine for allies

and partners around the world like the s300 long-range antiaircraft systems that slovakia recently transferred, we are getting them in. we won't always advertise supporting ukraine's fight for freedom but to modernize teddy roosevelt's advice sometimes you will speak softly and carry a large javelin because we are sending a lot of those as well. we are not sitting on the funding congress has provided for ukraine. we are sending it directly to the front lines of freedom, to the fearless and skilled ukrainian fighters standing in the breach. you must be amazed at the courage of this country. the resolve they are showing, not just their military but the average citizen, men and women, young that men and young women as well. sustained and coordinated support for the international

community facilitated by the united states, a significant reason why ukraine is able to stop russia from taking over the country thus far. every american taxpayer, every member of the armed forces are proud of the fact that skill in service of the military, arm russia's aggression in ukraine. to beat back putin's average the, to wipe out ukraine's government. the battle of kyiv was a historic victory for ukrainians. a victory for freedom won by the ukrainian people, unprecedented assistance by the united states and our allies and partners. we had to accelerate the package to help prepare ukraine for russia's offensive more limited in terms of geography but not in terms of brutality. a steady flow of weapons and

equipment in ukraine but with the latest disbursement i almost exhausted the drawdown of already that congress authorized for ukraine in a bipartisan spending bill last month. in order to sustain ukraine for the duration of this fight, next week i will be sending to congress a supplemental budget request to keep weapons and ammunition without interruption, to the brave ukrainian fighters who deliver economic assistance to the ukrainian people. my hope and expectation is congress would move and act quickly. i want to thank congress, democrats and republicans for their support for the people of ukraine. our unity at home, our unity with our allies and partners, our unity with the ukrainian people, sending a number stateful message to putin. he will never succeed in dominating and occupying all of ukraine. that will not happen.

ukraine's resistance on the battlefield, almost so demonstrating support for the people of ukraine. today the united states is announcing we intend to provide $500 million in direct economic assistance to the ukrainian government. this brings total economic support for ukraine to one billion dollars in the past two months. this is money the government can use to stabilize their economy, to support communities that have been devastated by the russian onslaught, pay the brave workers to provide essential services to the people of ukraine. these past weeks, have seen the terrible human cost of food naps ambition for conquest and control. approximately two thirds of all ukrainian children have been displaced in their home. more than 5 million ukrainians have fled their country. absolute outrage. the idea this is happening, approaching the second quarter of the 21st century, is just -- last month when i was in europe

i announced the united states would welcome 100,000 ukrainian so that we share in responsibly supporting the ukrainians fleeing putin's war machine. we are he welcomed tens of thousands of ukrainians to the united states. today i am announcing the program unite for ukraine, a new program to enable ukrainians seeking refuge to come directly from europe to the united states. a new humanitarian parole program, well, the existing legal pathways including immigrant visas and refugees processing. it will provide an expedient channel for secure legal migration from europe to the united states for ukrainians to have a us sponsor such as a family or ngo. this program will be fast, streamlined and ensure the united states honors its commitment that need not go through the southern border. we are continuing to ratchet up the pressure on pruden and

further isolate russia on the european stage, the treasury department rolled out additional measures to crackdown on entities and individuals attempting to evade unprecedented sanctions not just hours but throughout the west. today i am announcing the united states will ban russian affiliated ships from our reports as they did in europe. that means no ship, no ship that sailed under the russian flag or is owned or operated by russian interests would be allowed to dock in a united states port or access our shores, none. this is another critical step in consultation with partners, to further deny, the benefits economic systems they enjoyed in the past. we don't know how long the war will last but as we approach the 2 month mark here is what we do know, pruden failed to achieve his grand ambitions on

the battlefield, after weeks of shelling in kyiv, kyiv still stands. ukrainian armed forces joined by many brave ukrainian civilians thwarted russia's conquest. bolstered from day one by a supply of weapons and ammunition, armory, intelligence and nations of the free world led by us, the united states. as russia continues to grind out the military advances and brutalities against ukraine putin is banking on us losing interest, you heard me say this from the beginning. he was counting on nato, european union, our allies in asia cracking, moving away. he is betting on western unity will crack, still betting on that. once again we are going to prove him wrong. we will not -- we will stand

with the people of ukraine, we will never fail in our determination to defend freedom and oppose here any. as simple as that. again, i want to thank the american people for their support of the ukrainian people. this is our responsibility it seems to me, we've been able to hold the whole world together in this effort. thank you very much. thank you. i will take one or 2 questions. >> what does pruden claim control over mariupol, how significant is that? >> president biden: is questionable whether he does control mariupol. one thing we know about mariupol. he should allow humanitarian quarters to let people in that steel mill and other places buried under rubble to get out, to get out. that is what any head of state would do in such a circumstance.

there is no evidence yet that mariupol is completely fallen. >> mr. president, on title 42, are you considering delaying lifting title 42? >> president biden: no. what i'm considering is continuing to hear, first of all there's going to be an appeal by the justice department because as a matter of principle we want to be in a position where if in fact it is concluded by the scientists that we need title 42, that we be able to do that, but there has been no decision extending title 42. thank you. >> how long can the us maintain the level and pace of military support for ukraine? >> president biden: we have the capacity to do this for a long time. the question is, are we going to continue to maintain the

support of the international community and keep the pressure on pruden to prevent him overrunning the country number one, and number 2, make sure we continue to maintain the economic sanctions which over time, we are beginning to see they are devastating their economy and their ability to move forward. the most important thing right now is maintaining unity. so far so good. thank you. >> president biden: that was the president. let me recap what the president had to say. is just answering another question. didn't want to answer it. here's what the president had to say, and $800 million aid package, weapons package going to ukraine. it will include heavy artillery, dozens, he used that word, dozens of howitzers, heavy artillery, tactical

drones, those as 300s antiaircraft defense systems. he's also said he needs more money, will ask more money from congress next week. big weapons program. another one coming from the president. michael goodwin jointly, new york post kind of guy. the president has been accused of dragging his feet on weapon supplies to ukraine. could you say that he is still dragging his feet after an $800 million package last weekend another one today? >> that criticism is why the president came out today. a new pullout from the associated press finds something like 54% of the country believes he has not been tough enough on ukraine, that he has been too slow. that's consistent with earlier findings, the president came

out congratulating the american people on their support for ukraine and it is designed not just to help ukraine but to help him. we are in the political season, the question of title 42 on the border issue, he is battling the polls as much as he is for latimer put. stuart: what was the late paul you quoted? what was that about? >> associated press finds 54% of americans think biden has not been tough enough in his response to russia's invasion. stuart: the statement a few moments ago in response to that kind of poll. >> consistent with all the other findings. he has not convinced the american people that he is strong enough in combating pruden and part of the problem we saw today, we are going to accelerate our assistance. we are in the second month of

the invasion, several months of run up to the invasion so consistently it looks as though biden is a step behind the curve in terms of what putin is doing, never does he say ukraine victory. he says pruden will not be able to occupy the whole country. that sends a signal, his language has always been somewhat hesitant to say outright we will support ukraine until it defeats russia. we are not sending troops. no one is arguing for that but the assistance has to be not just to keep the fight going, that is what we managed to do but at enormous cost to ukrainians, the country as a whole, the cities are being turned into rubble before our

eyes, 5 million refugees, you hear from zelenskyy we need more, we can win if you give us -- stuart: that is the word. we would like to hear the president use that word. great stuff. thanks for being here. appreciate that. by the way the dow industrials made no response to the president's speech, on your screens now, border agents have encountered 14,000 unaccompanied children in march alone. that is a stunning figure, 14,000 youngsters unaccounted for. at eagle pass, texas, what is the latest? >> reporter: there was a massive convoy of mexican military and mexican police that showed up along the river in eagle pass, we showed a

bunch of illegal crossings, mexican military, national marines and municipal, they brought a helicopter in and we didn't know what was going on. i am being told this is part of the security agreement reached between texas governor greg abbott and governor of the mexican state in return for texas ending enhanced vehicle inspections at the port of entry, a look at this huge show of force that starts to leave the area but what we were seeing earlier this morning, look at the video we shot when we first got out here, illegal crossings as soon as the sun started coming up, migrants in the water as soon as we got out here, mixture of family units, england else and they are coming in from all over the world, africans, haitians, northern triangle countries, a lot of cubans and venezuelans in the sector, averaging upwards of 1500 illegal crossings every day.

then take a look at these photos from the rio grande valley sector. you are looking at an abandoned 2-year-old boy in texas, he had nobody with him. he was mixed in with a group of 38 and all he had was a birth certificate with his dad's name on it. you mentioned that off the top, 14,000 of these unaccompanied kids at the border. there are 38,000 since october 1. stuart: 38,000 since october 1st, that is incredible. appreciate that. joining me as the republican governor of idaho, brad little. you and 25 other governors have created the american governors border strikeforce. can you tell me what that is going to do and secondly why are you in it when idaho is a long way from the border?

>> the sheriff was showing me the logarithmic increase into idaho. we know it is a direct connection to the border, two out of five, we are working with fellow governors, working with the federal government to implement the cooperation strikeforce to try to do all we can to identify these traffickers. what is on your screen right now is the diversion the cartels are using in mexico to sneak around them, these huge shipments of illegal bills and methamphetamines, and what is on your screen is the diversion, cartels are using, we were at the border a year ago and we made 10

recommendations, all of them having to do with an executive order and the only one that is in places title 42 and you heard the president say they are talking about unwinding title 42 so lack of action at the federal level. stuart: i don't understand the governor. the border chaos is awful for most people. i don't understand why the president and democrats don't address this directly and do something about it. why don't they do this? >> i heard this morning they were going to collect some data. i got the data from idaho falls, we know there is a 10 fold every year, 2000 doses next year. this week, we apprehended 5000 fentanyl pills and of those 5000 fentanyl pills, 2000 of

them are lethal, 2,000 will die of those pills don't get distributed. stuart: in idaho for whatever reason i don't associate idaho as a heavy-duty fentanyl and take kind of place, that's a real surprise. >> i implemented an operation that is in idaho motto, but what we are trying to do is figure out how to keep the fentanyl out of idaho and we are doing treatment and education but first thing is working with fellow states to cooperate to try and stop this drug smuggling but it is all being done by the cartels. they are using those four refugees and immigrants as a diversion to get their poison into the state of idaho. stuart: we wish you well with

what you are doing, cheering you on. the justice department has appealed the ruling that lifted the mask mandate at the request of the cdc. requiring masks in the indoor transportation corridor remains necessary for public health. the justice department has charged 2 dozen people for nearly $150 million worth of covid related fraud. this included fake vaccine cards. ashley: absolutely. it leads criminal pursuits, federal prosecutors say some healthcare providers allegedly tried to cheat medicare and other programs by bundling charges, those that were not provided inexpensive covid tests. prosecutors say a doctor who ran a drive through testing

site in maryland building medicare including $1 million charged for clinic visits that purportedly never happens. and new jersey, california, hundreds of fake vaccine cards created to those officials cdc records. stuart: all that money all over the place. thank you very much. president biden blaming covid and put in for high inflation, but two years ago he tweeted, trump needed to stop blaming others and do his job. adding fuel to the fire natural gas prices, down around the world, natural gas crisis coming.

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stuart: the rally holds. the president announced a new $800 million weapons package for ukraine, no impact on the market, the dow is up 260, the nasdaq up 150. elon musk says, this is important, musk says he has secured 46. $5 billion in commitments to help finance a potential twitter deal. sounds like he has the money and stock is up one person. tesla having a stellar day after a blowout earnings report, up 9%, one thousand $64 a share. democrats and the white house ramping up their prudent price hike blame game. hillary vaughan on capitol hill. what is the white house doing to bring energy prices down? >> reporter: one of the biggest policy reversals the president had to do to try to get a handle on this gas price crisis

is reverse executive orders he put in place when he took office which is a drill ban on federal lands. the white house reversing that to a degree allowing companies to get drill permits and begin drilling on federal lands which had been over the past year band. >> oil and gas operators interested, and other fees we already pay. at the same time we only have access to 20% of the current acreage. >> the fundamental question in a crisis like this is will this policy increase production? the answer is no. it will compound the problem. >> reporter: not only will it be more expensive for oil and gas companies to drill federal lands because the

administration is increasing the royalties to do so, the biden administration has done other things, released barrels from the strategic petroleum reserve handwaving environmental restrictions, all these moves are getting a disapproving glance from climate activists, climate envoy john kerry. >> allowed to grow in the last years, it appears that is a deep, unbelievably costly challenge for the world. >> reporter: as we head into earth day the white house has almost reopened negotiations the climate provisions in the president's build back better plan which is getting approval from progressives that this is back on the table but what the

ultimate deal looks like and if they are able to get moderates on board. >> good stuff. look at natural gas prices. we had it well above $7 per british thermal units, it is down 679. prices in the united states have been driven up by a worldwide shortage of natural gas, us prices up 86% so far this year. the ceo of canary oil often comments on the state of the energy markets. do we have a natural gas supply crisis? >> we are in the second inning and it will get worse. in europe, $30 million, $30 per million btus, in the us just under 70%. we will see a convergence of that, there is nowhere to go but up as we look to export it. natural gas is a 13 year high but storage is 20% below the

5-year average. you have the seeds of a price hike. stuart: that means my utility bill and utility bills, and factories, that all goes up. this adds to energy price inflation. >> natural gas is one of the main feed stocks and increase the price of electricity. stuart: are we doing anything about this. can you do anything about this? can you increase the supply of natural gas? >> we can do a little bit. what the administration is providing a bunch of head wind to the industry, the lack of pipelines has a chilling effect on making people want to drill for more natural gas in pennsylvania and other places, what we need is a progrowth pro production stance coming out of washington. we haven't had that. in the last 3 or 4 weeks the

biden administration has done a one hundred 80 but they can't turn that and the industry doesn't feel supportive of additional capital investments. stuart: natural gas crisis, thanks, former energy secretary rick perry blasting the president in a new op-ed. what is he saying? ashley: he is not holding back. perry says president biden's actions are directly taken from president carter's playbook, the same era, period of staggering inflation and malaise with aggressive soviets in the background and a sense that america is in decline. biden's anti-supply-side policies have contributed to the worst inflation since the carter era. he also says russia has been emboldened to invade ukraine thanks to biden's disastrous

withdrawal from afghanistan. as for energy biden's environmental policies means the us has to ask other countries to pump more oil, countries that don't have the same environmental standards and. the planet even more. that is the height of hypocrisy. he is right. stuart: an editorial on your part. thanks very much. former mcdonald's chief of staff ed renzy not loving woke and he's trying to make corporation stay out of politics, new jersey has begun recreational marijuana sales. we will take you to a dispensary as the garden state looks to cash in on cannabis next. ♪♪

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>> market holding on, dow up 200, now struck up a solid wall most one%. one%. look at blackstone. i called it the stock of the day. now it has turned negative, president jonathan gray expect higher inflation and higher interest rates to create challenges. that could be what turned the stock down. the ceo of cannabis says legalization will happen in europe. when will that happen? ashley: oh one simon says the cannabis business is $100 billion alone and is still just in the infancy and expect

europe to legalize marijuana within the next year and many cannabis companies are already gearing up for that market. simon says the true barrier to expanding in the united states is the banking laws, four separate reform laws being debated under the safe banking act umbrella, that would allow proceeds of cannabis sales into the federal banking system. as it stands there appears to be no clear pathway to banking reform with lawmakers wavering on whether to take this next biggest step. stuart: the pot companies have not done well at all. on the marijuana business, new jersey will start recreational pot sales today. lydia, how much money is the state expecting to make out of this? >> the state of new jersey

expects to make $4 million in revenue in the next two months based on recreational alone. a lot of interest this morning li up around 3:00 a.m. to be among the first to buy their legalize pot. take a look? >> by the time they arrive is a ton of excitement, people who want to be first in line to make history. >> the garden state is one of 18 plus the district of columbia to have legalized recreational marijuana, last year the sale of recreational pot generated, from $3.7 billion, legalizing recreational use, a bill passed the house, it is expected to die in the senate.

they are cashing in alone on the cells, i mentioned $4 million for the state of new jersey and the first year of sales they expect $19 million. . it is a steady stream of people here placing their orders. stuart: the line out the door. i want to move on to a fox business exclusive. the former ceo of mcdonald's has become the new face against woke corporate politics. ashley: it is partnering with a team of advocacy groups to launch the boardroom initiative, a coalition with a mission to push back against us corporations whose boardrooms are becoming too political, renzi will serve as executor chairman and conservative echoes figure group the job creators network, we've done stories with them founded with

bernie marcus with two whether conservative groups. renzi says he does not consider himself to be politically active. he wants to act in the best interests of shareholders who he believes are negatively affected that infiltrate everyday life in corporate america. corporations have no business being on the left or right because they represent everybody their and their job is to build equity for their investors so there you go. ed renzi pushing back on woke. stuart: mitt romney has advice for the president over inflation. what is his advice? ashley: the biden administration has done anything wrong, shouldn't surround himself with woke advisors. this includes injection of one. $9 trillion into a supply

constrained economy sending out stay-at-home checks squeezing oil and gas and growth killing regulations, pushing another budget. romney also says the pandemic impact on supply lines, with economic moves that are even worse as for getting back on track, the president needs to ditch his woke advisors and surrounding himself with people who want to get the economy working again. is that going to happen? i am not going to hold my breath. stuart: he' s chucking his hat into the ring for the presidency. we just heard president biden talking about sending more tactical drones to ukraine. you are about to see the drone company that is in the air over ukraine helping ukraine's military. teal drones coming up next.

russia successfully launches a nuclear capable missile as putin issues a new threat. details on all of that next.

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stuart: the nasdaq up 77. strong gains but pair little from earlier in the day. united airlines strong game. 11%, nearly 12%. the ceo says they will hire 200 pilots per month. he's forecasting a boom in travel this summer and in particular business travel. therefore united airlines up nearly 12%. pruden as in vladimir of russia launched a new missile, nuclear capable. ashley: most definitely. russia's defense ministry announced it conducted the first test launch of its new intercontinental ballistic missile. it is a nuclear weapon that president putin says, quote, will provide food for thought for those who try to threaten our country. there's the warning.

the missile was launched wednesday from a facility in northern russia hitting designated targets to the east. russia says this missile can penetrate any missile defense with putin calling the launch a significant event. stuart: ukraine is -- how expensive is this take back control? do we know? ashley: nearly one thousand settlements from the russian invaders, that is a lot. according to ukrainian president zelenskyy, the ukrainian leader made another pitch to join the european union as he hosted a visit of charles michelle. zelenskyy says his countries doing as much to protect freedom on the european continent that other nations have never done. and that was occupied by russian forces. gradually restoring people's

access to medical educational services, restoring road infrastructure, gas and water supply, pretty impressive. stuart: look at red holdings, that company is helping ukrainians with their brand name teal drones. the brand manager is chada and joins us now. what did the teal drone do? >> teal drone has a number of features, the most usable feature it has is thermal vision, replace arms, and also customizable. customizing the use. stuart: it is reconnaissance. goes up in the air and looks at the russian forces, reckoned loitering. how long will it stay in the air and can it hover over target?

>> different models have different flight times, but up to 20 minutes, over 20 minutes for different configurations. stuart: made in america? >> yes they are. stuart: can you tell me how each one would be? >> a package is in the range of $14-$20,000 depending on the particular confederation. stuart: the drone is reusable. you send it off and it looks at the russian forces coming back? >> absolutely. drones have been very useful in this war already. people are seeing small drones are critical in defense. also yesterday i spoke to drone pilots that use drones that forced the russian convoy to disperse. they were able to use the drones to help artillery

targets refine their accuracy. stuart: just so i can explain to our viewers, they are your workers, celebrating successful drone take, is that what they are doing? >> the footage they are showing is from 2016 from other drones we may, these are aerobatic drones. we have a range. stuart: one last one. i'm told your drones are better than chinese drones because the russians contract chinese drones but can't track yours. is that accurate? >> that is correct. there have been situations where ukrainian soldiers have launched these drones and the russians can actually send software to find where it was launched and sunday missile. there are even youtube videos. chad on the ground with teal

drones, all good stuff, see you again soon. still ahead, kayleigh mcenany, doctor mark siegel and dan heninger. president biden will lift donald trump's laughter meaning border restriction next month but i don't think it is going to happen. i don't think he will do it. that is "my take" next. ♪♪ ♪♪

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>> are the sanctions of achieving the objective? >> it looks like biden is a step behind the curve in terms of what putin is doing. never does he say ukraine victory. >> they need more weapons to defend themselves, they are going to die protecting and defending their lands, no doubt in my mind russia, they should be helping to fight this war behind the scenes. >> a warning to investors the growth doesn't last forever but the next stop, they will all go. >> we are seeing demand increasing, it represents a new

branding for the lincoln brand. ♪♪ that's what i like about you ♪♪ stuart: these romantics. it is 11:00 eastern time. it is thursday april 23rd. did you know this is the birthday of queen elizabeth ii. marketing rally mode not because of the clean's birthday, the dow is up 200 and the nasdaq is up 70. the price of oil rising, we had it at $104 a barrel earlier, it is still there now and the energy secretary, and energy sector stocks are up as oil goes up. as for the 10 year treasury, crossing 290, 2.91%, then the nasdaq's game started to go back down again. 291 on the 10 year treasury

yield and now this. the president will lift donald trump's last remaining border restriction next month. i don't think it is going to happen. i will scroll through a long list of democrats who are having second thoughts about lifting title 42. they know that a million migrant surge would destroy them in the november elections, with all republicans and so many democrats oppose a new surge you know the president faces another crisis of his own making. i would like to say so what? the migrants are on their way, they are not going to turn back, they pay their money to the cartels the democrats encouraged them in the first place. now they realize what they have done. i hope they stop screaming racism at anyone who opposed an open border and ignoring the fentanyl booklet across the border killing hundreds of thousands of their constituents. i hope they take another look at sanctuary cities and states and i hope they understand the damage they've done to the sovereignty of our country. you won't hear much about this

except on fox, the rest of the media shows little interest. remember kids in cages, border agents whipping migrants, all unfounded emotional ranting. look what the left and their media helpers have done. millions of illegals, a flood of drugs and the occasional terrorist. chaos. regardless of title 42 the damage has been done and more damage is on the way. third hour of varney starts right now. ♪♪ kayleigh mcenany joins me this morning. i don't think title 42 is going to be lifted. >> i think it might be lifted. i think this is the first true test we've seen of biden with a moderate the moderate wing of his party and the far left, and he's trying to placate that wing of the party because he's hemorrhaging on voters and saying pause on student loan

debt, maybe loan forgiveness, trying to shoe aoc back into this camp. he really isolates young people, really isolates the progressives. if we know anything from his presidency he's willing to isolate the moderates and lose the independents to placate the far left. i don't know the true answer. we will see. stuart: just imagine the chaos at the border before the election. >> has he cared about it so far? he doesn't even visit the border. maybe midterms are weighing heavily on him. stuart: i'm not a gambling man but i would put one dollar here and now on him not lifting title 42. >> i hope you are right. a real quagmire. he said i do for to the cdc and if he doesn't lift it what happened to deferring to the cdc. stuart: i take my bet back.

the president blames covid and prudent for high inflation. but exactly two years ago he told trump to stop blaming others so he's blaming covid and putin now. two years ago he said don't blame other people, typical. >> it is typical and i think we will the trump's name emerge more from the mouth of president biden, deflecting, blaming is what he does, a year and a half into the presidency, he told president obama he's going to run again. i always thought he would run again and he also thinks he is the biggest foil to trump but he will try to blame others, blame trump two years into his presidency but we shall see. we when you don't think he will run again in 2024, 2 and half years from now he will be 82. >> this is a very stubborn man, hell-bent on proving himself, hell-bent on running again.

and and -- we have two bets. i saved this until last. i want your reaction to jen psaki, breaking down in tears over florida's parental rights education law. i want you to see it again. >> and like kids who are bullied, and taking steps to hurt them. >> the promotional florida parental rights law. >> this graded at me because there is this fallacious miss truth disgusting lie about kids being bullied, no child should be bullied. every child in kindergarten should be taught your special, your unique. nevertheless, this is about keeping kindergartners

sexuality. my girl saying what is sex, that is not something i want to ask plane to a kindergartner, some 9 want to teach in the confines of the home. jen psaki if he wants to cry, there are 62 million babies who are not with us because of roe v wade, they deserve tears because they can't go to kindergarten, not tears over teaching kids sick. stuart: just in passing i would say jen psaki is doing a very tough job reasonably well. >> it is a tough job. she's a good communicator. i would note the press corps, a little more softball coming but she's a good communicator. stuart: you have displaced a screening horde and others who hated trump and you were out front for over a year. >> about a year. last year of the trump presidency a lot going on between covid 19 and social unrest. there was a lot. stuart: now that you are no longer in the white house, you are walking down the street do you get hostility?

>> take my word, not one time have i had someone mean come up. everyone is kind and present and i get a glass of wine bought from your i got your dinner because thanks for working for the country. we when he new york? >> in new york. i was stunned. stuart: you should walk down the street with me sometime. you are all right, thanks for being here, see you on outnumbered. >> join us on outnumbered. stuart: i finish at 12:00 noon precisely, i can't go to another studio. >> we will find a way. stuart: thanks very much indeed. let's get back to the markets. we still got plenty of green, the dow is up 180, nasdaq up 63, not quite strong gains as we saw earlier but we will take what we got. adam johnson is back, our market guy in the left on:00 our. we like this guy, that is why he's back. >> nice to have a bull on the

air. you think all this negativity around, peak negativity you could call it an to you that is a bullish signal. >> we are seeing peak negativity. investor sentiment is at a 30 year low. you've got to go to 1992 to find a time when there were as few pools out there, 13% as there are right now. that is example number one. example number 2 that you have been talking about for weeks. consumer confidence, a 40 year low, investor sentiment near 30 year lows, consumer sentiment near 40 year lows, and 1/3 one, if you do a search of a number of news stories that lead with the word recession on a weekly basis there were 11,500.

that has only happened 7 times in the past decade. every time it happens 6 months, 9 months, 12 months later stocks were higher in the year out they were higher by 24%. stuart: that is fascinating. consumer sentiment, investor sentiment and frequency of recession word usage. >> three big negatives. when you get that much negativity and everyone feels awful, you can't buy bonds, you can't buy stocks, the economy is going down. that is when things turn because that is when it is at its worst and if you need more evidence as to why i might be right look at corporate earnings which are coming in strong once again. good old corporate america is powerful. stuart: a very good counterbalance because i look at the economy and the markets and i think 10% inflation,

rapidly rising interest rates. a war going on over there, those to me are problems for me to put money into stocks. >> hard to say when something is as bad as it gets you want to buy it and i hesitate to say this given there is war in ukraine but which came out of the french revolution? you buy when there is blood in the street and i hesitate to say it that way because of what is happening but when things are at their worst you want to be a buyer. stuart: this is fascinating. more negativity very soon. good argument. adam johnson, thank you, appreciate it. the world travel and tourism council projects when global tourism will return to pre-pandemic levels. when do they think tourism comes back to normal? ashley: next year. they believe the global tourism

sectors will grow at a rate that will outpace gdp growth. in 2,019 tourism accounted for 1/10 of global gdp jobs but as you can see the pandemic decimated, putting value and 62 million people without a job but the world travel and tourism council expects the industry to post an annual average growth rate of 5.8% from this year to 2032 generating a massive $8.3 trillion this year, $9.6 trillion next year. compared with north america and europe travel has trailed in asia pacific because of strict border restrictions and regulations and continued covid barriers in china so europe and north america out ahead of asia-pacific. stuart: i see american carriers, airlines on the upside because of that projection. all good stuff.

21 people have been charged with covid fraud schemes, they still one hundred $50 million worth of stuff from the government. we've got that story. a grim morning about a lockdown in shanghai. roll tape. >> when they take the padlock off the door and say to everybody you can come out now, some people won't be able to come out because they will have died. stuart: we will get doctor mark siegel's take shortly. larry about them up and claiming victory in mariupol, president biden doesn't know who controls the city. i will ask the deputy mayor of mariupol. he joins me after this. h i paid, it followed me everywhere. so i consolidated it

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>> president biden: today i am announcing another $800 million to further augment ukraine's ability to fight in the east in the donbas region. every american taxpayer, every member of our armed forces can be proud of the fact that our country's generosity and the skill and service of our military help arm and repel russia's aggression in ukraine. our unity at home, our unity with our allies and partners and unity with ukrainian people sending unmistakable message to vladimir putin, he will never succeed in dominating and occupying ukraine. stuart: that was another $800 million weapons package going to ukraine. there is another $800 million package last week, we are joined in mariupol, trey yingst

joins us, what is the latest from mariupol? >> reporter: officials in kiev today calling for last-minute talks to save a thousand ukrainian soldiers and civilians underneath a steel plant in the besieged city of mariupol. the prime minister of ukraine demanding russians allow a communitarian cord or to be created to evacuate those who are wounded but the russians have a different plan. president putin called for the soviet plans to be blocked trapping the remaining people inside a complex of nuclear bunkers, he called russia's defense minister not to storm the underground area. the announcement of what he calls the liberation of mariupol comes as fighting on the eastern front escalates, from kharkiv in the north to the south, russian forces are using artillery units to hammer civilian areas. amid the fighting the prime

ministers of spain and denmark, made a surprise visit to the ukrainian capital of kyiv to meet with president volodymyr zelenskyy as his advisor wants russian forces may take time to ramp up their new offensive is. >> translator: we will likely face division with russia's attempt to create humanitarian core doors and get forces for the next phase but do they have those forces? those forces have been called up everywhere. it will take the russian army to or 3 months to accumulate and withdraw weapons and military women from storage. >> there's a real understanding this war could drag on for months if not years. craig: stuart: the president was questioned about mariupol falling to russian control. here's what he had to say.

>> president biden: what does f wouldn't claiming control over mariupol? >> president biden: it is questionable whether he does control mariupol. one thing for sure we know about mariupol, he should allow humanitarian core doors, other places buried under rubble to get out, to get out. that is what any, any head of state would do in such a circumstance and so there is no evidence yet that mariupol has completely fallen. stuart: the deputy mayor of mariupol joins us now. she was was currently in control of mariupol? >> as we understand it the war continues and it is part of our city, the biggest part of the city but continues to defeat the south of our city and as near as districts, i think 20%

of my city is under control of ukrainian army and they continue to do some counterattacks to russian troops but it's hard for them. stuart: vladimir putin says he will not storm the steel plant but it is completely surrounded and nothing can get in. do you believe in? is that accurate? >> absolutely i because airstrikes, bombed and shelled and artillery, at the moment so russian army continues to attack, continue to use aircraft, artillery, shell, missiles from the warships, they continue to destroy our defenders. we when can you get supplies into that steel plant in mariupol? >> unfortunately not. unfortunately not. it is not possible. it is not possible.

stuart: some are starving. can they hold out much longer? >> i am not a military specialist. it is not possible to defeat, but without that. the us government to president biden, president zelenskyy told the ukrainian army is ready, waiting for the weapon, the military way, the only possible way. in general. stuart: a great deal of support around the world, thanks for joining us, we do appreciate it. back to the markets, that is

our bread and butter, the dow is up 159, nasdaq is up 60 points. just getting this. twitter has received an updated nonbinding proposal from elon musk. the borders committing a comprehensive and deliberate review to determine the best course of action. a new bid was put in apparently on the board is considering it. strangely the stock hasn't moved much, up $0.14, $46 a share. the obamas, there media company ending its exclusive podcast deal with spotif a mac. what are they doing and where are they going to go? ashley: the obama's media companies wanting to look for other partners. it is believed they are

ditching that exclusive pacts with spot if gmac after being frustrated with the company's exclusive terms, basically they want to have their podcast programming distributed as widely as possible. the current deal with spotify runs through october of this year. spotify declined to make an offer to renew the agreement but that has not been certified as true. the possible venues include amazon owned audible and i heart media. stuart: do we know how many people listen to the podcasts? ashley: no. that would be interesting. stuart: a couple hundred million a day they would be staying. look at this headline. i will read it to you. biden's foggy war in ukraine. dan henniker wrote it, russia is exploiting biden's unwillingness to provoke hooton. he explains it all. heninger coming up.

he will hear from janet yellen and fed chair jay powell about the risk of recession. edward lawrence has a preview next. ♪♪

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♪♪ stuart: i always wanted to be a beetle. that is the i as you can see it. that was built since i left. queen elizabeth's 90 sixth birthday, this photo of the queen standing between her two fine ponies and barbie released a new queen elizabeth doll. it is awful. i didn't say that. it is on sale for $35. get out of this. markets, we've still got the rally going, susan is with me. tell me about twitter.

>> the revised filing lined up $46 billion in financing to buy twitter so musk will be putting up $21 billion in equity and loans from morgan stanley, bank of america throwing and european asian lenders and that is secured for elon musk's shares of tesla, might bring in a partner, maybe oracle, maybe silverlake, and no indication who he is bringing in but keeping options open. 40%, $3.5 billion more than the initial bid. that is not a higher bid because the extra $3 billion is thrown in in case to cover twitter's outstanding bond obligations which they might retirement might have to pay up, still $54 and 20 sent stock

bid and that is still considered a little low by most wall street analysts. had to get closer to $60 before twitter or may be before, there's a poison pill in place, musk cantonment than 50% and has to bring in somebody else. they can pool their ownership. stuart: that is why twitter is not up significant he. susan: it's not a higher bid, still 5420. stuart: the board can say no. susan: most likely yes, they will probably say no. i want to talk about tesla. a lot of tesla options and stock here in this finance thing for a possible twitter buyout. tesla, a bit of a dip from the 9%, 10% rally we saw at the start of the session but rallying on a huge first quarter momentum, record

profits, doubling, record profit margins and high inflationary environment and possible 60% jump in production this year. stuart: doesn't have to sell tesla stock, he just uses it as collateral. susan: there were no specifics whether he was going to sell but the $25 billion loan with all the other investment banks is being backed by his tougher options. stuart: twitter went negative by a couple cents. listening to what you were saying, see what you did. susan: you look through the actual filing. stuart: thank you very much, stay on top of tesla, musk, and twitter. janet yellen, federal reserve chairman jerome powell scheduled to speak today. edward lawrence is with us. are they talking recession or the possibility of recession?

>> reporter: they've both spoken and the treasury secretary is still speaking, they are talking inflation and the possibility they are being asked about the possibility of a recession. treasury secretary janet yellen met the ukrainian prime minister and what the president told us, the us is going to give an additional $500 million to ukraine in order to handle government services like salaries and the military. the secretary also told the international monetary fund that the world needs to memorize the proceeds russia gets from oil and gas and ensuring the food supply after that. the imf lowered its forecast for growth due to seismic waves from the invasion of ukraine. >> there is a very real risk soaring global market prices

will result in more people going hungry further exacerbating inflation, and harm government external positions and we are doing everything we can. >> reporter: fed chairman jay powell is addressing a meeting at the institute for urban research and he has said inflation is too high and also recently signaled the fed will use all its tools to keep inflation in check including moving 50 basis points per rate hike, the fed is trying to walk a line, slow inflation while not causing a recession. according to goldman sachs the odds of recession 35%, the number is growing. mary daly acknowledged for the first time in the last 24 hours the rate hikes that have been planned by the federal reserve could lead to a recession but she's not forecasting a recession in the us.

stuart: edward lawrence, thanks very much. look at this headline in the wall street journal. biden's foggy war in ukraine, the world awaits one clear presidential assertion to putin and russia. we are in this thing to win. dan henniker wrote it and joins me now. don't hold your breath because that is one thing president biden has never said, we are in it to win it. >> the events pushing him in that direction. it is true the ukrainians, for all the valiant battle they put up have been sitting in a policy twilight zone for two months now. it is not clear whether they are supposed to quite lose or not quite win. that makes it difficult for them but makes it difficult for the rest of the world. this war in many ways has been driven by social media and

media itself. i don't think anything has traveled as quickly as this has in such a short time. what i mean by that is at this point the united states and nato have made substantial commitments to ukraine. we have all watched it, we have watched punishment, that putin has reached upon the ukrainian people and their city. i think at this point, the credibility of the united states and nato is all in. i don't think they can afford to let putin win at this point because it would deal a shattering blow to the commitments nato and the united states have made. that would reply think around the world, who would trust nato or the us, taiwan believed we would come to their aid if invaded by china. i think the stakes have become enormously high in a quick period of time and that is why i am saying that there is no point in the president at this

juncture saying we are in this thing to win. stuart: well said, good stuff. i will read that article today in full. next case, back to the masks, this video, a plane load of people submitting the end of the mask mandate, some people are upset claiming they cannot be safe from covid unless everyone on a plane is masked up. doctor siegel takes that on. ♪♪ as a main street bank, pnc has helped over 7 million kids develop their passion for learning through our grow up great initiative. and now, we're providing billions of dollars for affordable home lending programsunderserv.

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stuart: china expert stephen mosher warned of the death toll of those lockdowns in shanghai. >> when they padlocks off the door and say you can go out now, some people won't go out

because they will have died of diabetes, from mike active insulin, strokes and heart attacks. stuart: i found that shocking, 25 million locked up. what happens you open the doors? you see a lot of death. that is horrific. all of this because they are trying to eradicate covid completely in china, not going to work, is it? >> i agree with that completely. there's a lot of medical problems with cutting off supply lines. i talked to jeffrey lehman, our vice chancellor yesterday and it sounds like a big problem but not only that but overcommitment, he doesn't college and overcommitment but overcommitment of the china vaccine which i don't think works that well. the over 80 crowd hasn't been vaccinated that much. 50% have not been vaccinated. they are at risk it looks like china is downplaying natural immunity. and other places including the

united states where there has been a lot of omicron ba one, when be a 2 rolls around you don't get the same impact, this is a version population and shutting them down will not prevent spread of this highly contagious virus. it spreads anyway. you know what they are doing? if you are a symptom atacand they've got you with covid they put you in a makeshift hospital especially if you are native. they are ruining the economy, pfizer was flat and moderna is down, there's no intake of their own western products. it is nowhere to be found in china. they are hands off of any of the great technology we created during the pandemic. stuart: and next ordinary story and not over by any means. i want to talk about masks, some people are worried they cannot be safe from covid on a crowded plane unless everyone on the plane is masked up. what do you make of that? >> they are wrong. there is one way masking where

people at risk can where a kf 94 or k and 95 or and 95. when i travel on a plane i wear one of my masks because i am older, you might. it is an elective choice. what's wrong with the issue, you never heard me say this on the show before. the mandate was for shall because people never wore it properly or the right masks they have a filthy cloth mask the doesn't do a thing, hang it off their chin to show they are compliant. that is not what it is. it should be the flight attendant announces at the beginning of the flight when they are telling you what to do in a water landing, here is the mask we are handing out in case you want to use it and here is how it works, that's how america works, they are offering a suggestion and recommendation, not a mandate. stuart: i think now, wearing a mask is a virtue signal, just look at me, i am a nice guy.

there is some of it in that. >> i don't like that at all. previous studies on planes have not shown the plane is an environment where a lot of contagion spreads. they looked at flew, they looked at tbn to maybe you could get covid if somebody coughs on you on a plane but it is high risk people that i'm concerned about and the spread is not much on planes at all, more in airports and different places, this is a virtue signal and you are right. stuart: where an and 95 mask if you wish. see you again soon. the justice department says dozens of people made fraudulent claims to exploit the pandemic and now they are going after them. how much did the fraudsters rake in? ashley: millions and millions and millions and the amount keeps going up. in the latest case the doj announced, charges against two people in california in a scheme that allegedly made $144

million in fraudulent health claims for unnecessary covid tests. the doj and unsinkable cases against 19 other defendants. among them doctors, nurses, medical business executive and others, they were all in the trough for an additional $8 million in false covid related buildings and in southern california the owners of clinical lab are accused of healthcare fraud, the total, $214 million. there's cooking the books and then there's $214 million and the numbers keep going up. stuart: huge huge numbers. back to the markets. the dow 30, we would like to give you a sense of the market, the dow is up 106, 110 points as we speak. colorado rockies star charlie blackman just made history, the first active baseball player endorsed a sports book. we will hear from the company behind the deal, they are on

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stuart: that is coors field, home of the colorado rockies, there star outfielder has just become the first baseball player ever to partner with an online sports betting company, maxim that, vice president for marketing joins me now. gambling and sport were always kept completely separate. is there a danger that you are now mixing gambling and sport directly to the detriment of the sport? >> things are changing, times are changing, sports betting has gone mainstream. it's not a topic you have to talk about in the shadows or and whispers anymore. it's not taboo that way. the popularity in sports is never been bigger so the time with the change in legislation, 30% of the country has opportunities to legally bet on sports, this is part of the

progression, and excited to be the first brandon. stuart: why did you recruit, and he performs his performance on the field speaks for itself, 4-time all-star, two major-league baseball records, all time great in colorado, very popular among their fan base and given that is where we started -- because of that connection. >> what will he do for you? >> obviously promote our company, get people to download the apps and join online, become part of our loyalty program. and generally speaking the popularity. stuart: he will be encouraging gambling. >> one thing that hasn't changed as it relates to a player can do to what a player can do is they cannot bet on their own sport. it really has a firm policy on that baseball included.

inside every major the league baseball locker room is a sign that says that is a constant reminder about the integrity of the game but outside of that the same way teams consign deals with sports betting companies now, leagues can sign deal with sports betting, as well as the nfl mpg acting players to do, and in colorado, ohio, new jersey, pennsylvania, you will expand, charlie blackman will help you. interesting stuff. thanks for joining us. a unique story. see you later. >> thanks for having me on. go man you. very interesting. the san diego padres making history for their uniforms. what are they doing? ashley: got beaten and back to that.

the padres became the first major league team to reach a uniform advertisement deal and the motorola logo for the 2023 season, being shown off, the terms of the deal not revealed but could be the beginning, major league baseball may start ads in this year's post season. major league soccer was the first major north american sports league to allow jersey ads in 2,007, the nba began in the 2017-18 season. english football, the first team to sign a sponsorship deal was with how tashi in 1979. they were way ahead. stuart: i didn't know that lose they were way ahead. they still have a great team. the thursday trivia question.

how much of a person's lifetime is spent data red light? is it one month, four months, 7 months, 10 months, both of us will guess right after this. ♪♪ . .

stuart: how much of an average person's lifetime is spent at a red light? ashley? >> you thought mine was about five years. i will go with number four, 10

months. >> me too. especially if you live in florida, because the traffic lights in florida last forever. the answer is four months. >> they do. stuart: according to aaa the average american spent 58.6 hours waiting at red lights every year. what? 58 minutes every year? about right. >> really. stuart: ash, we're done. >> i would say every month. stuart: "friday feedback," varneyviewers@fox.com saying you're watching "varney & company." stuart it is yours. neil: thank you, stuart. dow jones industrials sprinting ahead not nearly as much as we were seeing for a while this morning. we will get into that. airline stocks are sort of the sector of the day, with united airlines reporting better than expected numbers last night, echoing something we have seen out of delta. promising, telegraphing bookings look pretty strong. it is sort of tilted in the favor of leisure travel, business travel. as i was discussing with a