it goes downhill. the great speed of 10 miles per hour. it has no seatbelts or lap bars or head rests. my, what fun. ashley: thank goodness only 10 miles-an-hour. stuart: that is my kind of roller coaster. i don't do roller coasters but i could do that one. thanks very much. much obliged. for you. jackie deangelis in for neil. david: thank you, david. i'm jackie deangelis in for neil cavuto this is "coast to coast." we'll hear from tom homan on the current crisis at the border. pressure, the white house is facing over title 42. and this is governor tate reeves is here to discuss the bill that will ban institutions, agencies,

from discriminating against individual covid vaccination status. we a lot to get through. a deal between elon musk and twitter could come early as today. for that we go to kelly o'grady in los angeles. reporter: jackie, in a stark turn of events twitter could be poised to accept elon musk's best and final offer of $54.20 per share. they're in the final stretch of negotiations that reportedly lasted late into the night. a deal could happen within the next 24 hours. the company was set to decline musk's offer, even putting in place a poison pill to block him from increasing his stake. after meeting with the billionaire yesterday, after pressure from twitter shareholders to take that deal the board was running out of options. elon musk announced he secured over 46 billion in funding to finance that deal, even meeting privately with shareholders to convince him to back him that put twitter under a lot of pressure. what shareholders are willing to accept depends on their investment strategy. long-term investors thinks the

offer undervalues the company we talked to a number of investors this weekend the prevailing view they want twitter to take the deal. they have a complete lack of confidence in ceo parag agrawal. it centers on musk's troubles with the sec. if it establishes sale too musk could be risky it could ask for sizable break upfee. and twitter could see a go shop position, allows the target to seek other bids even if a deal is signed. the stock price though on a deal may be near, shares got a nice bump. they are trading i think think . if the it gets close to his final offer that could complicate matters. jackie, we could hear as from tm as early as day. jackie: thank you for the audience, bearing with us. we had a audio issue at the top

of the straight. it was straightened out. get reaction to the twitter story from former investment banker carol ross. great to see you. you said recently i will leave twitter is elon musk takes over is the new i will move to canada if trump wins sounds a lot like it. get your reaction to this. investors like to see musk's involvement, there are those out there in the world, twitterverse that don't necessarily want to see this happen? >> yeah. it is really crazy how people are all of a sudden so focused on lots of money being in control of twitter because if you look at top shareholders of twitter now, they have tens of trillions of dollars in assets under management. the fact now all of sudden it is coming with a personality is kind of an interesting development. what i really think it boils down to, jackie, is that people like power and censorship when it suits their bill and there

are too many people who have been happy with some of the censorship and lack of free speech moves that twitter has made and now they see that coming to an end. so it is actually really sad. they are using their speech to speak up to say, we want more censorship instead of more speech. i really think that is the power struggle. that is the reason elon is so invested in this, no pun intended and i think that is what is driving this whole discussion. jackie: he he knows how to genee discussion, he tweeted moving on and arguing with bill gates on climate change. he tweeted out to the board, this is my final offer. people wonder that the board taking it more seriously, having these conversations, you think they will come back to try to gin up the price a little? >> as a recovering investment banker i've been an advisor on these situations before and of course it is the board's, it is

their fiduciary duty to get the best price possible. it costs nothing to try to ask for better terms including better pricing. that doesn't mean that they will get anything better and, does it mean they have anything else to fall back on? it doesn't mean they won't ultimately at least agree at this juncture to say we're going to accept the bid. we have to remember as you were talking about just previously with kelly, you ktoe'toe me oanenchey agreegrccepthe,ha g clos erarll ttillng tsllhat thateed penappenapaphaap pss pss t t ott a aee untilil thatnkatry i i i osi cngsingsi wroheteteorheecthe sayi ecurheurhe financinfina forghis teal d we n't neces nriesesurees h the wasdooaskingoong att ts, tf eyereye takiouserlyio at a bu sbuomeomomayomt iheact adheur sur sndndnd has t th, o o oet think thi t >> thi thi tre are st o

ingsin that t a g g on.i give cu in the financial media, i give credit to people on twitter, who are basically screaming if you don't look at this, take it seriously you're breaching the fiduciary duty. the reality twitter stock has been pretty much dead money at the ipo at a time competitors have gone up 4.6 times. the s&p 500 has gone up three times in the same period. they're not doing a ton of revenue. they have a tiny operating margin. so i think that really has been a key driver. then the seriousness of the offer. once you have that funding secured, i think that was the second piece. so those two things together are think they knew they had to take this seriously, or there was the potential for shareholder lawsuits. jackie: use your crystal ball here, carol. this is your opinion, your guess is as good as anybody else's. say elon musk buys the company,

takes it private, does owe have the opportunity to restore certain core values, if you will, to the company? bring it back, breathe new life in later on? we've seen this happen many times with companies that have gone private. >> i think there are two things that will happen on the business model side. i think he has an opportunity to unlock a tremendous value. seems like people at the top management of twitter are not the core twitter users. don't understand how to monetize this asset. i think that's a huge thing. i think elon has the opportunity to take a stand for digital free speech and digital rights principles here and to be a leader not just for twitter but in the space in terms of what it means to have free speech as a principle, a path to redemption if you do lose your account, does that mean you lose it forever? like our court system, do you have a path to redemption over a couple year period? jackie: right.

>> i think he has a huge opportunity in both of those arenas, and i hope he will take full advantage of that if it goes through. jackie: he is a libertarian. at the ted talks when he was talking on this he thinks free speech is an essential part of democracy. that is why he is doing this. we shall see. caroloth, thank you. the federal reserve signaling increased action on rate hikes in the coming months to combat some inflation we're seeing. that has markets selling off again today. edward lawrence at the white house with more. high, edward. reporter: hey, jackie. you have major institutions starting to hint at the fact there could be a recession next year. talking about goldman sachs and bank of america. treasury secretary janet yellen said the recession is not in her forecast but again, the federal reserve is signaling big rate hikes, 50 basis points this next meeting next week. maybe even more at meetings after that. so president joe biden saying last week on his west coast swing more spending will be the solution to inflation.

former ceos are saying the administration's policies are constricting supplies across the board and that increases prices. >> democrats have really no idea what to do to lower inflation. everything they do would actually increase inflation. larry summers, who told democrats this was going to happen a democrat economist telling them if they did that $1.9 trillion spending bill they would end up with hyperinflation. reporter: when i asked white house press secretary jen psaki if the president takes any responsibility for inflation she went back to the blame game. the president's blamed inflation on war in ukraine, supply chain disruptions, alleged price gouging by large corporations, leaving open seats at the federal reserve. last one fed chairman told me it has no effect on the fed's ability to manage money supply. here is the president's solution. listen from friday. president biden: we're all laser focused on lowers costs for you and your families across the board.

big waive to do that is lower the cost of health care, especially in the area of prescription drugs. the governor in this state already gotten insulin down to 35 bucks for a year you've done it so far, is that right? reporter: see you catch that, they're lowering costs, the language there, not lowering inflation using programs to lower costs in this case health care but also child care but not inflation. back to you. jackie: edward lawrence thank you so much. meantime democratic senator elizabeth warren warning that democrats could lose in 2020, 2022 pardon me, in the midterms if they don't act on inflation while she also pushes student loan forgiveness. listen to this. >> we know the president has the authority to cancel student loan debt. we need to be in the fight on behalf of the american people and that means people who are struggling with student loan debt. people who are struggling with high prices. people who are worried about this pandemic. we deliver, then that is what democracy is about. we can face that election in november with our heads held

high. jackie: all right. let's get reaction now from former u.s. republican senator from massachusetts scott brown. good to see you, sir. essentially she went on in that interview to say what the democrats need to do is make sure they don't lose badly in 2022 is double down on their already progressive policies but there are many people out there who would tell you it is the progressive policies they have seen so far which is making them change their vote. your thoughts? >> there is complete disconnect between obviously the democrats, including senator warren and president biden and the american people. almost every american really understands why inflation is a runaway right now because they're spending too much. there is overregulation and the, the fact that they keep adding on to this debt and printing more and more money t will add to inflation. that is a no-brainer. they teach that stuff in 7th, 8th grade. larry summers from

massachusetts, from harvard he gets it. so do voters in upcoming election cycle. with regard to the student loan debt and forgiving that, that is number one a question of fairness. number two, respectfully to the senator, she is part of the problem. she was teaching one course at harvard making almost $500,000. she is not the only one. you have bloated administrations. you have out of control costs, no transparency with regard to what it costs to run a school or university. and where the students monies are going and lack of putting students into courses that basically will pay off at the end. here is the solution, part of the solution. i'm in favor of some joining military, joining the police or fire, nurses. working off some of that student debt but what about me, my daughter, and a lot of our family and friendss who actually done the right thing and paid off the debt? will we get a reimbursement? come on, a question of fairness. jackie: it sure is. a lot of people out there free things, give me free things, i will vote for you, that is part of why the democrats want to do

this, but a lot of people who would say you know what? it is not fair. i would like to have the kind of life i can pay my student loans back. live comfortably, not be suffocated about inflation, save money, owning a home one day, achieve the american dream. not everyone in this country is all necessarily on board for free things. >> i would respectfully agree with you. that is hardly anybody else. i agree with you, democratic pollsters, this is the worst polling they have seen in biden's entire career. the fact they are upside down and keep doubling, tripling down, not only obviously the border what they're doing potentially with title 42. inflation continuing to spend and printing more money. you look at energy costs, completely energy independent, begging venezuela, iran, russia, opec for more oil. it is like topsy-turvy day. let's do opposite what actually makes sense.

jackie: yeah. >> this will be a rude awakening. listen, i like joe biden. i know him. served with him. been over at his house. he is wrong on every issue but it is getting really, really dangerous. especially with president xi and others looking at us what is going on? shaking hands to nobody that is there, all the other terrible policies. we've got to stop it. jackie: more of that interview, she went on to say she recognized inflation was a problem. this administration should get the ftc to start investigating price gouging, for example, again. acknowledging the problem but not necessarily understanding the source properly. while i have you, i want to switch gears for a moment because you're chairing a new coalition of groups teaming up to highlight what they consider misguided congressional attempts to overregulate and harm america's tech sector. why is this so important, tell us a little bit about it. >> well, you have a bill put forth by one of the senators has a great title, that is what they do, have a great title on the

bill, what they do, they don't write the bill. we have an idea that is not written not in stone. you have the biden justice department saying oh, this is a great idea. we endorse it. when the biden justice department endorse as bill with more government overreach and more big government takeover of our industries, listen, this is an effort obviously to deal with some censorship issues. respectfully there is nothing in there about the bill. she hasn't done it. there is a democrat bill. things we need to use a scalpel, let's do it. don't make the innovation companies not only in massachusetts, the triangle down in the carolinas, california, chicago, all around the country, be non-competitive on a global basis. this is something china and chinese communist company would love to have. putting our innovators out of business and making it difficult for them? go to competitivenesscoalition.com. this is creel. we need to top with the

incredible government overreach t has to stop. you can do it in the upcoming election for sure. jackie: former massachusetts senator scott brown. thank you for your time today. >> super. cheers, good-bye. jackie: as encounters skyrocket at the southern border the biden administration is facing increased pressure from their own party to delay ending the title 42 policy. ♪. we gotta tell people that liberty mutual customizes car insurance so you only pay for what you need, and we gotta do it fast. [limu emu squawks] woo! new personal record, limu! only pay for what you need.

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title 42. white house correspondent jacqui heinrich explains. reporter: jackie, good morning to you. good morning. the president is expected to meet with the congressional hispanic caucus to talk about title 42 and more broadly immigration reform. how to get this done. they have not been able to doth in congress right now. it is happening as 50 house republicans have written toe homeland security secretary alejandro mayorkas, basically accusing him of willingly endangering american citizens by failing to secure the border. mayorkas for his part addressed criticism that the administration is not doing enough in an interview with cbs on friday, the dhs planning for months to address the coming surge with migration expected with end of title 42. proof of that is we deployed additional resources of at the border in anticipation of ending title 42, surging personnel, transportation, medical resources, development of

additional facilities to support border operations. house republicans say mayorkas is missing the point. >> my question to secretary mayorkas would be, i sent a letter to dhs at august asking for data. took them eight months. finally got the data, 42 individuals apprehend who had are on terrorist watch lists. this is reality of open border. while border patrol is distracted with the humanitarian push. now we've got all the bad actors. reporter: not just republicans who are pushing the administration to hold off on repealing title 42. several dozen democrats chimed in saying it should stay in place until there is a comprehensive plan to secure the border. texas democratic congressman henry cuellar says the biden administration to the wrong people. >> they're listening to immigration activists. who is listening to the men and women in green and blue? more important who is listening to the border communities, sheriffs, landowners, rest of

the people that live on the border? reporter: as we get ready for the end of title 42 in less than a month now, this week the supreme court is going to be hearing arguments over the remain in mexico policy that former trump era policy that the biden administration tried to suspend but so far lower courts have upheld. we're going to hear arguments on that case in the supreme court level. jackie? jackie: jacqui heinrich, thanks for that. the search continues for bishop evans who died saving two migrants who appeared to be drowning in the rio grande river. here is react, former i.c.e. acting director, tom homan. always great to get your insight. when it comes to bishop evans, this is tragic in the line of duty he goes into the body of water to save people struggling, potentially drowning. there are reports indicate that those folks were bringing drugs

illegally into this country. your thoughts? >> first of all it is sad and it is tragic we lost a good soul doing his john. he died as a hero. and people need to know that the border patrol, the national guard, they save a lot of lives. just last year border patrol, just the border patrol saved 12,877 lives. they pulled people out of river. they found people stranded in the desert. they found abandoned children. they have over 12,000 saves. this, the only humanitarian thing on the border under the biden administration are the men and women in uniform that is the only humanitarian thing they have got out there. when you open the borders like this administration has, what has resulted? i tell you what has resulted. more migrants have died crossing this border under joe biden than any under trump. they say trump's policies are

inhumane. more people died under joe biden than any year in my career. over 100,000 fentanyl overdose deaths with fentanyl coming across the open border. biden border policies are inhuman and killing people including men and women serving this nation. jackie: you're right, we know last fiscal year, two million people regardless what you mentioned, two million people came into this country illegally. we were on track to meet that number again in this fiscal year but you think about raising or lifting, rather, title 42. you wonder how many more people will come? >> well the thing that really concerns me, the border patrol is already overwhelmed. they have title 42 in place. as you said we're on a scale to beat last year's historic numbers with title 42. when they lift title 42, it will be incredible surge at the border. the border patrol is already overwhelmed. evidence last month they reported, they had 67,000

got-aways. 67,000 people entered the country and weren't arrested. take that over the year, 800,000 got-aways. we don't know hot people are. arrested 42 on terrorist screening database, and 800,000 got-aways. that should scare every american. who are they? are they on the screening database? are they carrying fentanyl? are they gang members? when you have 67,000 a month got away. i never heard that number. where does the camera come from. camera traffic, border traffic, sensor traffic, the border patrol can't respond because of busy with family units. jackie: talk about title 42 for the moment. it comes down to the cdc. the cdc says it is not a health risk for migrants to come into this country anymore with respect to covid-19. this is something battled out in the courts as jacqui described. when it comes to mask mandates on airplanes the cdc curiously says, nope, citizens of the country flying around on

airplanes they need to wear their masks because covid is a health risk. you're getting two mixed messages from the one regulatory agency. >> they're hypocrites. i agree 100%. it doesn't make sense. american people are upset about it. i heard the secretary of homeland security, alejandro mayorkas the other say the cdc decision is not in my control. if they choose to lift title 412 we got what we got. what he ignores you can put remain in mexico back in full-scale from the trump administration. that would significantly reduce people coming across the border helping the border patrol. they're choosing on purpose not to implement title 42 the way they're supposed to. the courts ordered that they're taking baby steps. i think federal courts need to call alejandro mayorkas back in, hold him in contempt this is game-changer, remain in mexico. that is the out on this incredible surge coming. if he is the secretary of homeland security, you want to have a change and reduce the

numbers, put remain in mexico program back in at full force. that will help the secure the border and certainly help the men and women in uniform down there. jackie: that is his out. if he were to exercise it he would be admitting donald trump is right. you know this administration hates to do that. tom homan, good to see you, thank you. >> good to see you. jackie: straight ahead, oil poised to settle below $100 a barrel, this is coming as china lockdowns are driving demand fears. we'll talk about it. ♪. meet jessica moore. jessica was born to care. she always had your back... like the time she spotted the neighbor kid, an approaching car, a puddle, and knew there was going to be a situation. ♪ ♪

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♪. jackie: welcome back to "coast to coast," everybody. the market the falling today on rate hike worries and also concerns over the ongoing china lockdowns. the nasdaq while still in the

red has pared early losses on strength we're seeing in tech stocks. and the markets are not the only thing impacted by the ongoing china lockdowns, oil, oil is falling as china lockdowns are driving demand fears. joining me, power the future now and ceo daniel turner. daniel, great to see you. the market down about 200 points, off session lows. oil prices are under 100, $96 a barrel, down five bucks today. presumption on concerns about demand and china, the lockdowns that we're seeing. your thoughts, you know, what the impact really will be? the markets are usually a step ahead in for casting where we go? >> yeah, exactly. it is good to see oil prices drop. it is unfortunate we've become accustomed to oil around 90, $100 a barrel. that should still be very concerning for this administration, for the white house. oil should be closer to 55, $60

a barrel. the only thing that drives down the price, we increase our supply, producing more here. i was on with you last week. we talked about how the administration never will allow more oil and gas production here. the other thing that can bring down the price, is consuming less. that means that we are headed into some sort of a either economic recession, some economic downfall where americans are just note driving, they're not consuming as much oil and gas. they're not travel traveling, seems like what is happening to the markets right now. in one sense it is good, because we want prices to come down, but the reason why is really bad. the market is concerned that we are headed towards economic recession. jackie: right. >> that is terrible for our economy. jackie: part of this is what is happening in china. if they're locked down, demand for oil isn't as high. also if i hear you correctly what you're saying essentially, with inflation running rampant in this country, gas prices at records we have not seen in

quite some time, that consumers are essentially going to have to say, i have to sit at the kitchen table, rework this budget. we can't take the family vacation this year. you know, we can't do the drive to grandma's this summer, whatever it is, they will cut back? >> exactly and we're hitting the same problem with china we were talking about not many weeks ago when it comes to opec and russia, oil and gas. we said why do we depend on the foreign countries for our oil and gas, when we produce enough here, we could produce enough here to be totally energy independent. the biden administration will reverse that, say, let's have wind and solar and we'll be energy independent. but those are made in china. 70% of our wind and solar is manufactured in china. if china is locked down for covid reasons, or china wants to be a bad actor on the world stage, and they are, they're not a good trading partner, we're

dependent on china for these products. the either way, only solution for america's sovereignty and our own economy, produce our own oil and gas domestically. jackie: that is good point, not just depending on china for the materials for alternative energy. the fact that the sun doesn't always shine. the wind don't always blow. we don't necessarily have the storage capacity to store energy to make sure we have it when we need it. that is the other issue here. but the administration says no. we have to go 100% in that direction. that is the only way we will be energy independent. the science behind it doesn't make sense right now. >> no, exactly. it is unproven. it's a fallacy to think we can replace our economy and power it with wind and solar when technologically it is just not capable. even further these products are made from oil and gas. we're basically sending our oil and gas to china for them to make the products. we buy them back at a premium.

give up our fall land to turn them into wind an solar farms instead. that is not a solution either. our economy depends producing as many things as possible. supply chain will be a problem if we produce things from a foreign country. administration is worried about fertilizer is being supplied from russia. we used to make it here. farm vehicles out to china. we used to make it here. jackie: president trump said that as soon as he came into office. we'll bring production back home. when administrations switched, philosophies switched as well. thank you. >> thank you, jackie. jackie: china lockdowns are reviving ghosts of the past. china meddling with free enterprise. china businesses and their owners fear the country is going back to a planned economy. joining me with reaction to all of this, forecast news

editor-in-chief, founder. stuart: angie lau. great to see you. i want to talk a little bit about the work you're doing in asia. you're focused on cryptocurrency there. when we had conversation off-line, you talked about how more far advanced of china is with beta testing of cryptocurrency than people realize and i want to share that messaging and talk about it with our viewers today. >> absolutely. thanks, jackie, that is a great conversation to be having today. at the end of the day we're still a globally-connected economy and what happens halfway around the world directly impacts what is happening in america's backyards right here you know, where we are, having this conversation. so the work that we do at forecast with the team based out of hong kong, we've been reporting on blockchain and crypto and digital asset initiatives since 2018 and from the very beginning we're very clear to us that china's role in innovation and blockchain is

extraordinary. what was happening across the region in the asia-pacific really impacts what we're seeing in development of the space. so to your point, since 2014, jackie, we have been seeing real strategic work from china, from top down, from the government level, to be working on a central-backed digital currency. and so what this actually means is, imagine if they the american dollar, the u.s. green back, was digitized and in fact that is what we heard from the biden administration with the recent executive order and coming down to explore more in the space. and we've often said from day one that since 2014 this is a massive, massive head start that china has on the ecny yuan and they're close to launch. the pilot trials, we've been

reporting on pilot trials. saw it at the winter olympics, the athletes were using it. jackie: i see two things, we have a minute left. i want to parse this out. what i'm hearing more control of the chinese government of citizens, their transactions, what businesses are doing. i hear if they're more advanced we sort of realize in this country, that to compete, to be effective, we're going to have to go there too? >> it's a divergence, absolutely true. not even a domestic policy, jackie. if you can imagine what a ecny can do for global trade relationships. that is what we're starting to see cross-border trade, using the ecny. we're starting to sigh a bifurcation of something like bretton woods, post-world war ii. jackie: right. >> of what these global structures mean in the finance world and it is imperative, it is imperative for the u.s. to engage.

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♪. jackie: record high mortgage rates and home prices creating tough conditions for buyers. now the national association of homebuilders is calling on the white house to intervene before the housing market is derailed. russia targeting rail stations in ukraine shortly after u.s. officials visited the area. fox news correspondent griff jenkins is live in kyiv, ukraine, with the latest for us. griff. reporter: good afternoon, jackie. it is the first high-profile visit by senior u.s. officials since this war began 61 days ago. there is some kee takeaways.

first secretary blinken announcing the u.s. will bring its diplomatic mission back into ukraine, first with day trips into lviv in the west and ultimately hoping to reopen the embassy here in kyiv. also secretary austin announcing a new 713 million-dollar aid package that will bring more weapons to the front in the eastern donbas where that fight is indeed raging. secretary blinken summed up how the par is going so far. here is what he had to say. listen. >> when it comes to russia's war, russia is failing, ukraine is succeeding. russia has sought as its principle aim to totally subjugate ukraine, to take away its sovereignty, to take away its independence. that has failed. reporter: meanwhile ukrainian-born republican congresswoman victoria spartz was on the ground with another colleague, tim wall wish. i asked her this morning about

the visit. this is what she had to say. >> glad to see secretary blinken would have diplomatic presence here in ukraine. i was pulling for him to do that. that is important for our diplomats and our country. glad to see secretary austin wants faster and more support for ukrainians. reporter: as russian strikes continue to hit across the country, five to be exact, some near lviv, striking railway stations in central and western ukraine, as well as hitting some key infrastructure and there is new video as well out of the briansk region of russia which seems to show a fuel depot on fire. unclear how that fire started, whether or not it was a ukrainian strike into russia or some other cause. we're following that very closely. that is the latest from keefe, ukraine. jackie? jackie: griff, thank you. thanks so much for that. stay safe. give us insight what is happening on the ground there. rao he action from

"wall street journal" moscow journal chief, independent women's forum fellow, claudia rosett. great to have you on. this is the third month of this war. tony blinken is standing there, the ukrainians are winning because they defended their sovereignty. i agree on that point. overall with the respect to destruction and loss of life occurred here, to me, nobody wins. your thoughts? >> well i think that biden administration's approach continues to be whatever they say in public too little too late. it is very good that they secretaries blinken and austin went to kyiv but they came, they went after the sort of worthies of europe already been there. america was not ahead of the queue. they left, we keep hearing more plans to more talk about what else they can do. price tags on the aid. the problem is the ukrainians are dying right now.

they're being bombed right now and we could see where some of these attacks were coming. it is not enough. my great concern is that the biden administration for all the, sort of yes, they support ukraine and for all the weapons that have been shipped in, is not actually aiming for, to insure that ukraine wins. they're simply looking for something down the line they can say before the elections, we have a peace deal or a settlement, something. which might actually be to putin's advantage, if it entails carving up ukraine. jackie: that is a really interesting and well-made point. when you think about the fact that zelenskyy essentially has been begging the united states for some of these weapons for sometime now, and you wonder what it is exactly that has taken them so long to be able to deliver, taken us so long to deliver, you think about these weapons in a practical sense, not only do they have to be transported there, they have to

you know, train people to be able to use them. then they have a distribute them within their country. so essentially the time lag here is very telling to me in some ways. reporter: yes and the question is why did the u.s. not do this and the things promised still ahead which have not yet come as you say, takes time, why didn't they do that months ago when russia was visibly massing well over 100,000 troops along ukraine's border? it might have actually helped deter this war, might not have happened if we sent weapons and training visibly then. that is one of my big concerns here. jackie: i have been saying since day one deterrents should have been the top strategy, the ultimate goal here. somehow this administration sat back on its heels allowed this to play out. we'll have to continue to watch it as we go into month three. claudia, thank you. >> yes.

jackie: emannuel macron holding on to his presidency, not ready to say auhevoir just yet. we'll have the latest coming up. before discovering nexium 24hr to treat her frequent heartburn... claire could only imagine enjoying chocolate cake. now, she can have her cake and eat it too. nexium 24hr stops acid before it starts for all-day, all-night protection. can you imagine 24 hours without heartburn? your shipping manager left to “find themself.” leaving you lost.

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♪. jackie: emannuel macron winning a second term in france's presidential election, defeating his challenger marine le pen. ashley webster with the latest on this election. ashley? reporter: hey, jackie. the french have always had an odd relationship with their government. previously cheering them in and kicking them out at the first chance but the 44-year-old macron made history by becoming the first french president to be reelected in 20 years, not bad. the margin of victory over far-right candidate marine le pen, right around 58 1/2% to 41 1/2. closer than the last time these two candidates went head-to-head in 2017. it was characterized the arrogant parisian rich elite against the angry provincial mob. but voters in the middle who ultimately decided to give macron five more years. take a listen.

>> translator: after five years of transformation both happy and difficult, and exceptional crises on this day, april 24th, 2022, a majority of us have chosen to trust me to lead our republic for the next five years. reporter: a le pen victory would have led to seismic ship, leading to possibility of a frexit like a brex it. eu leaders breathing easily. this resonated with 12 million voters, slowing a strong divide within the country. nile gardiner, a conservative commentator, former aid to margaret thatcher, macron may be unpopular in certain sectors but his victory comes as no surprise as france loves to rule with big government. listen. >> france does not have a leader like boris johnson, for example, to represent you know, conservatives in the country. i do think that france overall

is a nation that is in very steep decline. it is a monument to big government socialism. reporter: there is much to be decided on june 12th, 19th. the french people will vote to elect the mps that could be crucial for macron who wants a majority in the national assembly. he promised to introduce measures to ease the cost of living crisis as well as energy prices. jackie. jackie: ashley webster, thank you so much. all right, we'll be right back

♪ ♪ no, you're not alone. ♪ 'cuz i'm gonna make this place your home ♪♪ jackie: welcome back, everybody. record high mortgage rates and home prices creating tough conditions for buyers out there. now the national association of home builders is calling on the white house to intervene. gerri willis joins me now with this story. >> reporter: hey, jackie, great to see you. that's right, the national association of home builders expected to issue a dire warning to the biden administration this week, assist the ailing housing industry or watch it derail the nation's economy. the letter, signed by 10,000 home builders, says that just as the president acted to reduce gas prices by opening the strategic petroleum oil reserve, so it should also act to help reduce housing costs. here's a quote: the same sense of urgency must be focused on the housing sector, an industry that accounts for more than 15%

of the nation's gross domestic product. if the housing sector falters, the economy will surely falter. now, builders expected to call on the president to ease housing affordability by suspending tariffs on canadian lumber, resolving a dispute with that country which they say has raised the cost of a single family home by $18,600 since last august. they also demand a reduction in regulations which they say account for 25% of a new home, plus they really want to see a reduction in the president supply chain bottlenecks. now, freddie mac estimates the nation is 4 million homes of what is needed to shake demand, but home builder sentiment drops to -- dropped to the seven month low. housing starts as a result dropped 1.7% in march. rising prices is causing americans to postpone home buying, 25% in a nationwide poll

saying they will wait out this year's competitive housing market due to inflation. jackiesome. jackie: i don't see those home builders picking up the case to put the new inventory out there. jer ily willis are, thank you so much. good to see you. all right, joining us now, managing partner eau roamer deboss, pierre deboss joins me now. housing was one of the bright spots, but now we're talking about trying to reduce prices and, as i mentioned, an inventory shortage. >> yeah, thanks for having me on today. i think the most important thing to discuss when it comes to the to housing market is what will be done to -- [inaudible] your biggest obstacle is labor shortages and supply chain shortages. right now we're sitting here with, you know, the cost of lumber -- [inaudible] significantly is and how to get more supplies into the country, you know, what are we going to do to get people back to work? the labor shortages are a

massive problem that any home builder's encountering, and you're not going to address the housing shortage that is really crippling first-time home buyers and the middle class. that's by far the biggest issue, in my opinion. jackie: that's the biggest issue. the second biggest that might be keeping people out is rising mortgage rates. >> uh-huh. i mean, look, rates are up over 200 basis points in the last 9-10 months, and, you know, it's trending in the direction where rates are going to continue to increase, and yet who does that impact the most? you know, the higher end market for affluent buyers have other means of financing rather than a traditional mortgage or have the ability to pay cash, and we're seeing jumbo loans aren't seeing the same increase of interest rate increases as non-jumbo loans. millions there's government -- unless there's government intervention, again, you know, the rich are going to get

richer, and the demographic that's going to suffer is first-time home buyers and the middle class. and we're seeing it now which is very unfortunate because, you know, in my opinion, a lot of this could have been avoided. clearly we issued too much stimulus where people are able to stay home, and there's more jobs on the market than people claiming unemployment. we need to get people back to work. and rates are increased in a more strategic manner as opposed to having over 200 basis points in such a short time period, this issue is not going to get solved. jackie: i guess that's what's bothering me about what you're talking about. it's not that i don't think the little guy should be able to why his first home, quite -- buy his first home and get into the market, quite the contrary. now what the solution seems to be which is more government intervention, it's like if we had just let the market work, we were doing fine. and instead that's an administration that came in and said, you know what? we're going to shut things down

for another year and not let it get back to normal, and that's how we got here. >> and how do you get out of it, right? one idea you can think about is tax credits. when you want to get people back to work, you know, you may have to incentivize them by giving them a tax crept that if they show they gained employment, they exit -- get x percentage of tax incentive. quite frankly, unemployment, how that's been handled has been a catastrophe. and secondly, when you're talking about developers, they're going to develop where it's the highest possible profit margin. you may have to incentivize developers to have deed restrictions where they're selling houses to only first-time home buyers or primary outs as opposed to investors -- occupy pants. the amount of money is a big catalyst for why pricing has appreciated at such a record pa pace. so when you talk government intervention, you have to be very careful because we've seen that have the opposite effect on the market.

but i think by having tax crept and incentives for developing -- tax credits and incentives for first-time home buyers, i think you can start trending in the right direction. jackie: we'll be watching. pierre, great to see you. >> thanks for having me. jackie: twitter reportedly closing in on a deal to sell to billionaire elon musk. joining me now, macro trends advisers llc founding member mitch roschelle and dan geltrude. mitch, let's talk about twitter first. do you think we'll have an answer on this deal potentially todaysome -- today? >> perhaps today, but i i think step back a little bit. the board was giving elon musk the heisman, didn't want to deal with him at all. then all of a sudden over the weekend i think they, you know, spoke to their lawyers, ad visors and said that's a lot of money, we have to think about the shareholders and not our own egos. i think once they start talking that opens up the door for

potential other bidders to come in because if the board's exercising their fiduciary duty, trying to maximize value to shareholders and there's another suitor and they can create a bidding war, that's even better for the shareholders. jackie: right. >> i think that's what we're going to see play out this week, a bit of a bidding war to see if they can drive up the price. jackie: dan, when elon made his initial offer, $54.20 saw share -- a share, he said this is my final offer. do you think he'll stick to that or he was just posturing? >> el, i think -- well, i think he plans to stick to that. he certainly does not want to be in a bidding war against himself. so as mitch was pointing out, you know, are other suitors going to come to the table. certainly, the board executing their fiduciary responsibility should absolutely have other people or be inviting other groups to try to bid here. whether there actually will be,

i'm not so sure. elon musk is a very unique character, number one. he has a very set view on free speech, and he's got the money. jackie: mitch, back to you. a lot of the, you know, rise that we've seen in twitter's stock price is essentially because of elon musk's involvement. when elon gets involved in a company, investors get excited about it, and that's why we've seen twitter move up. stst trading up by 5% today now that there's some more life in this deal. if the board was to say, you know what? we're not selling to you, elon musk, we just want to continue down path of, you know, the twitter that we are, i don't think investors would be very receptive to that, let's say. >> i don't think -- [audio difficulty] jackie: all right. looks like we have an audio problem with mitch. dan, i'll lob that one to you. >> well, i think that the board here isn't really going to have

much of a choice, jackie. look, what elon musk has done here is given them an extraordinary offer, if you ask me. yes, the stock has been much higher, they've been up around $70, but they've also been down in the tos -- in the 30s. and what you just said, the reason that the price is now inching up on that stock is because elon musk is in the game. i don't think that the board can just say thanks but no thanks, we're good -- jackie: well, again, if i may, i'm just going to interrupt for a moment because "the wall street journal" is out with this headline that musk and twitter, this deal could be valued at $44 billion. that's according to the "wall street journal" citing sources, $34 billion would be higher -- 34 billion would be higher -- 44 billion would be higher than the 3 3 initially offered -- 42 initially offered. >> i don't think that breaks the deal one way or another. elon musk is talking about

putting up half of that money himself, and the other half would be debt-financed. if there's going to be another billion in the deal then, you know, that probably makes some sense if that's what gets it over the finish line. and, by the way, i think twitter has enormous potential, and clearly elon musk sees that. this is not all about free speech. this is certainly about taking a company that is not doing all it can to be as profitable as it can -- jackie: right, no -- >> -- and elon musk is can see that. jackie: i agree with you a thousand percent. if he wasn't going to make money, he wouldn't be doing this. we've got mitch back, and i want to pivot to the markets in general because april, you know, the selloff continues. we're watching it today each though the dow is off of its session lows. still concerns about the covid lockdowns in china, you know, and rate hikes here. >> jackie, i think this is fed watch, expect fed -- and the fed

can't deny that inflation is getting out of their hands, and the only way to control it is more aggressive rate hikes, you know? they were putting a toe in the water with a quarter9 of a point, then they talked about the next meeting being half a point, now the word on the street is priced in three-quarters of a point. that's paul volcker-ish rate hikes, and i think the free money train is coming to potentially a grinding halt, and the muse out of china -- news out of china that, you know, the country's spreading on lockdown, that's going to mess up the supply chain in the united states and cause more inflation around the world. let's not forget the fact that we have commodity prices spiking, whether it be oil or wheat and other consumables because of what's going on in eastern europe. so it's looking like a recession is probably inevitable, and the market is responding to that. but i'd put the fed first in terms of the thing that they're keenly focused on.

jackie: yeah, i think you're probably right. we've been seeing selloff as we've been getting the indication that the rate hikes could come at quicker clips than the market was initially anticipating. mitch, just to give you the final word here, you know, we were talking about mortgage rates, you know, climbing over 5%, the housing market cooling as a result of that. we're seeing demand concerns because of, again as you mentioned, china, that could -- supply chain issues. all kinds of things could be happening here. the bottom line is so many people are saying, is recession on the horizon? >> you know, i would say it's starting to get baked into the market a little bit. it's starting to get baked into our psyche. the thing that i would call a silver lining in any of this this, i do think the economy has a lot of tailwind behind it, so if we find ourselves in a recession later this year, beginning '23, i it's going to be short lived, and it'll be textbook, two consecutive quarters and that's it. we'll bounce back quicker.

jackie: all right. mitch erik dan, see you a little bit later, thank you. coming up, philadelphia seeing a record number of carjackings so far year. what one former police commissioner is now recommending to do to help crack down on crime. ♪ muck at adp, we use data-driven insights

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jackie: welcome back. philadelphia setting a record pace for carjackings with 420 cars stolen so far this year. jeff flock is live in philadelphia as law enforcement officials call for a more organized crackdown of crime. hi, jeff. >> reporter: at the scene of one of the latest carjackings here at this corner in philadelphia, jackie. a man shot, pull out of his vehicle, folks driving away with it. it's become an epidemic here. take a rook at the numbers. you know, it's bad all over, but in philadelphia from february of last year to this year, up 160%. that's more than doubled places like missouri and and minneapolis. also in-- new york and minneapolis. here it's been an epidemic. police struggling, as you point out, to keep up with it. they release video when they can, surveillance are video, one of a gas station hijacking.

fella pulls in to fill up, somebody sticks a gun in his chest and takes his car. taxis have been hijacked, ride-hailing services, vans, trucks car jacked. the police here attribute it to start ising with the pandemic, that's when the spike started. kids, young kids out of school, out of after-school programs, a lot of those programs haven't come back. in addition, people more professionally carjacking vehicles as well as a lack of police. here in philadelphia they are literally hundreds of officers down. we talked earlier today to the former assistant superintendent of the philadelphia police department who said it's a real problem. >> largest problem that's facing law enforcement right now is the inability to retain experienced police officers and the inability to recruit new officers. and that is the challenge for police chiefs throughout america right now.

>> reporter: [audio difficulty] jackie: all right. problems with jeff''s audio. apologize for that. but you get the point, and part of the problem, of course, is inflation. it's partially to blame for the rise many crime as the prices for cars and parts have skyrocketed. back with me now, mitch mitch roh k4e8 and dan get -- mitch roschelle and dan geltrude. crime will spike when people are under financial hardship, and that's what's happening as a result of inflation. you hear stories like this across the country, that crime is running rampant. administration has to tackle the inflation problem as well as a lot of other problems, and maybe something will change. >> all of these things that we're seeing are interrelated, and they're all policy-driven, jackie, right? because you bring up inflation. the reason that we're in this inflationary period that we are is built upon policy.

we have plenty of demand, not enough supply, but we continue to focus in on the demand side, so we're getting all of that wrong. and then when we look at the crime aspect, are there really consequences to people committing these crimes? certainly not enough, because people willing to take the chance to commit these terrible crimes. what's going to happen to them? they don't believe all that much. so that is really emboldening a lot of criminals, plus there's plenty of money to be made in these cars and the car parts. jackie: and that's what i alluded to -- [laughter] what i was alluding to when i said we have to fix inflation and many other things. a part of the problem, of course, is with our criminal justice system, the rules being too lax. you know, criminals fear going to jail, and if they have the threat of that in front of them again, they might think twice about it. >> yeah. there's certainly no repercussions, you know? i lived in new york city in the '70s

when we had runaway inflation, and what happened all the time? cars got stolen. my mother was a new york city schoolteacher, and she had to leave the home an hour earlier than normal because if she parked behind the school in the bronx where she taught, her battery would get stolen. it was like clockwork. and can that's what happens in times of runaway inflation. i agree with dan, it's a policy issue. but it'sal s a quality of life issue. quality of life has been, you know, people aren't going to run the air conditioner as long this summer because they can't afford to, people are going to take shorter vacations because they can't afford to. all of this starts to erode quality of life, and that's when things start to spiral out of control from a crime perspective. jackie: so, dan, i think to mitch's point, he's probably right. do you think that's happened yet? do you think we've hit peak or there's worse yet to come? >> the inflation their peak? -- inflationary peak? unfortunately, i don't think we do because i go back to my comment related to policies.

if inflation is policy-driven, which i believe it is, how are we changing our policies to crease that? address that? look at what we're seeing in china right now. they haven't learned their lesson, they're going through more lockdowns. by having more lockdowns in china, what's going to happen. >> the supply chain is going to be strained even more. so we are going to continue to be completely out of balance when it comes to the demand of the american public versus what kind of supply of goods and services can be provided. so i think we're in this for a while yet. ing. jackie: mitch, can we survive a supply chain crisis worse than what we have on our hands already? >> you know, good news, jackie, is it was getting better, and now it's going to get worse. so maybe it's one step forward, one step back. that that's not terrible. if it's one step forward, two steps back, i don't think we can survive it. have we not learned anything in

the last two years? we need to onshore more and more of our supply chain, and we need to near-shore it, you know? north american free trade agreement was a great opportunity. why not make stuff in mexico and central america and become less dependent on china? jackie: i mean, i think we have learned. you would have to send a memo to the administration, because they're the ones that seem to be tone deaf when it comes to this. last question to you, dan. just looking at the markets, we've seen this selloff. do you think it continues sell in may, go away, and we're right there. does it continue for a little while longer? >> i think what we're seeing right now especially with earnings that are going to be coming out over the next couple of weeks, investors have not been too forgiving related to companies not performing the way they should be. so if they're missing the mark on earnings or the revenue numbers are not in line, investors are making them pay. why? because the market has been so frothy. so there's been a lot of value built in.

companies better perform, or the investors are going to let 'em know about it. jackie: dan, mitch, great to see you both. thank you. >> thank you. jackie: all right. coming up, the biden administration pushing ahead with plans to end title 42. we've got a live report on the fallout, next. ♪ ♪ making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay.

jackie: welcome back. crewss in eagle pass, texas, locating the body of national guardsman bishop evans this morning as the white house is facing pressure to delay ending title 42. aishah hasnie is live on capitol hill with the latest for us. >> reporter: i hi there, jackie. first and foremost, this is absolutely a tragedy, what's just happened down at the border. but politically speaking, this has now put president in quite a predicament because in just about two hours, he is expected to meet with members of the hispanic caucus at the white house to talk about immigration reform. and it comes as a growing number of democrats, people within his own party, are getting weats.

>> without really thinking hard about all of the inconsistencies that still exist. we have a responsibility to not only look at that particular issue, title 42, but also really to look holistically at the issue of border control. >> reporter: now, jackie, congress can do something about this. there is bipartisan legislation gaining steam on the hill right now that would require the administration to put together some real infrastructure, immigration infrastructure to deal with migrants before lifting title 42. representative cuellar tells fox the administration, though, is talking about perhaps processing migrants faster, adding more processing centers down there, more medical personnel, even transportation to move migrants to the interior of the country. but again, much more to learn in the next two hours as members of the hispanic caucuses are set to go to the white house and have a sit-down and talk and hash this out with the president himself. we'll learn a little bit more later this afternoon. jackie? jackie: thank you so much. we'll be all ears for that. aishah hasnie, good to see you. the national border council is endorsing congressman ted budd who joins me now. congressman, good afternoon and great to see you. what are you hearing from voters about the border? it seems more people in this country are concerned about this

rye kiss -- crisis. >> yeah, they really are. thank you for having me, jackie. i was with the national border patrol council traveling in this state, north carolina, last friday when the tragedy -- and that just says so much. we care for people even when they come across the border illegally. we want to treat them humanely. this is a humane country. we want people to come in the right way, and that's to the tune of a million people per year. we want to continue that, but we've got to have a wall and policy. that's one of the things border patrol agents told me when i was there just a few months ago. yes, we need to finish the the wall, but we really need policy. just last month, in march, 221,000 people came across illegally, and we've got to stop it. so we need to have law enforcement's back whether it's at the border or whether it's here in north carolina and all around our country. we have 100 counties in north carolina, jackie, and the sheriffs told me, they said every single county is now a border county because of the

policies that joe biden has at our borders. human trafficking, drugs, crime. jackie: what's your response to administration's position that maybe one of the better ways to handle this would be just to process people fastersome -- faster? if. >> well, they need more people to do that. the cartels are very smart and, you know, it's a, it's awful what they're doing. they're flooding our resources. hay know that when they send people that may or may not be carrying drugs and human trafficking, and when they get detained, it take9s not -- takes not just one agent, it takes multiple agents. we can't process them faster especially when the biden administration doesn't give the national -- or doesn't give the border patrol the resources that they need. if it's, and nobody wants -- it's very hard for them to recruit when they know that law enforcement, that the that the biden administration doesn't have their back. jackie: yeah. >> it's pie in the sky thinking that's hurting us at the border, and all 3200 counties in our

country. jackie: speakes about drugs coming across the border specifically and this piece of news that we have confirmed that the texas national guardsman, bishop evans, died trying to save two migrants in a bide of water with, you know -- in a body of water, that is a humanitarian crisis on both sides, that we lost somebody in that tragic incident, but that migrants lost their lives as well. and there are some reports that indicate these migrants may have had nefarious goals trying to bring drugs into this country illegally. >> well, our heart goes out to the texas national guard unit and the border patrol agents and the family of that guardsman. but one of the things when talking with them is, you know, i had to -- they were giving me a tour of the border recently. they had to go on duty -- they were off duty, they went on duty and arrested cartel members right in front of us. and they said the sad thing is these cartel members are going to be right back on the streets

probably within a few hours or a few days. they just need the biden administration to have their back, and so far they don't have that. even the democrats are up in arms about how bad the biden policies are. jackie: yep. we'll be watching in the midterm, how that impacts people's voting in the country. it's one of many issues people are very concerned about. congressman, good to see you, thank you. >> thank you, jackie. jackie: coming up, the ba.2 covid variant driving up infection rates. what does the white house's new covid response coordinate coordinate -- coordinator say about that? up next. ♪ ♪

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jackie: the white house's new covid response coordinator predicts that the u.s. can manage the spread of the ba.2 variant without disruption.

jonathan serrie is lye in atlanta as the -- live in atlanta as cases go up in the united states. >> reporter: hi, jackie. new cases are now averaging more than 45,000 per day, and although the numbers are going up again, federal health officials say the response will be different from previous waves thanks to increased vaccination levels and ample supplies of treatments. >> the key thing is to make sure that hospitalizations and deaths are not rising in any substantial the way. looking at variants, paying very close attention. let's see where the next few months go. i'm concerned, i want to watch those numbers, but at this point i remain confident we're going to get through this caught disruption -- without disruption. >> reporter: over the weekend, dr. fauci elaborated on his criticism of a federal judge's ruling to overturn the mask mandate for planes, trains and buses. >> so i wasn't at all defying the authority of a judge because when the judge makes a decision, you abide by that decision. i was concerned about the

principle of having mono-public health people -- non-public health people making public health decisions. >> reporter: as china continues to enforce its zero covid strategy, shanghai authorities have been blocking off residential buildings with fences and sealing the entrances to apartment complexes where cases have been detected. as you can imagine, jackie, that's created a run on groceries and other supplies, many store shelves have been complete9ly emptied of items such as vegetables, fruits and soy sauce. back to you. jackie: jonathan, while we are watching ba.2, you know, very carefully and we know the cases are up, the hospitalizations don't seem to be climbing that fast. that's a good sign, right? >> reporter: that's an extremely good sign, and that may be an indication of the subvariant itself, but it also is probably an indication of the levels of vaccination that we have. even though existing vaccines are not a perfect match and and may not necessarily prevent you from getting infected with the

virus that causes covid-19, it likely will prevent you from developing severe infections and having to go to the hospital. jackie: jonathan serrie, thank you so much. >> reporter: certainly. jackie: meanwhile, a few report shows that millions of covid-19 vaccine shots are set to bo to waste as demand is dwindling, and mississippi is the latest this in a growing list of states banning covid vaccine requirements. mississippi governor kate reeves joins me now. first, start off by telling us about your ban on mandates. >> well, thank you, jackie, for having me on. it's always a pleasure. we did enact legislation in the most recently completed legislative session that i've signed into law last week which insures that all public bodies, cities, counties, school districts, institutions of higher learning and others including the state will not be allowed by state law to enact

vaccine mandates. we don't allow for vaccine pass passports, and we also in that legislation also just reiterated the fact that mississippians have an intrinsic right to freedom of religion, and so we insured that even amongst private employers, we insured that those individuals if they have a sincerely-held religious belief, employers cannot force them to get the vaccine. jackie: yeah. and, you know, as we go into the third year of this pandemic and each cycle, as we were discussing with jonathan, becomes less potent as covid-19 mutates, many people say that these mandates aren't necessary at all. yet in blue states, for example, i've encountered situations where people are now asking me for proof of a booster. and so i'm wondering at what point some of the blue states will say not only to work in a commercial or business setting, you're going to need to have your vaccine mandate in place, your vaccine, but you're going to have to be current with a

booster as well. >> well, there's no question that there are a lot of blue state governors, a lot of democrats in washington, d.c. that would like to mandate things such as that. but the fact of the matter is that's just simply not where the american people are right now. i think when you look at the very poor poll results coming from the biden administration, a large part of it is this fundamental belief by some in blue states that they know best and that they, from government, ought to be able to utilize, centralize decision making to tell individual americans what they should or should not do. the approach i've taken from the beginning is i've gotten a covid vaccine because i thought it was in the best interests of me, but i don't think i should take my judgment and put that in place of every individual. with we try to provide the best information possible to mississippians and let them do what's best for themselves and their families. jackie: right. the reason i ask that question is it seems as the virus' potency is diminishing, the states are grabbing on to the

power and trying to ratchet up the requirements. it doesn't even make sense when they say they're following the science. the numbers don't necessarily, the hospitalizations don't necessarily, you know, sort of hold up, their theory up. so you think about people in country going into the third year having the education that we have regarding this virus, having tools out there, vaccines are available, boosters are available, at what point do we as individuals, you know, essentially rook at our personal situation and decide what is right for us? that's what you're saying people can do in your state. >> well, to be honest with y, the vast majority of americans have already made that decision. they've already recognized that there are risks associated with covid-19 just like there are risks associated with diseases all around the world. they've assessed those risks, they've done the things that they felt like they needed to do. some people, for instance, that are older and more vulnerable have decided not to go out in large crowds, they've decided

not to do certain things, and that's certainly their right. but, you know, jackie, you really hit the nail on the a head earlier when you said in many of these blue states, it's not about science anymore, it's not about the vaccine or the virus. it seems like it's about power and control, and that's why many of the american people have moved beyond what some of these politicians are trying to force them to do. jackie: yeahing absolutely. and i would make the point with respect to control by saying you know, the government's authority saying that the children in our population, the smallest children need to continue to be masked at school. that, to me, is the ultimate power grab and targeting the most defenseless segment of the population to try to cling to it, essentially. and it's just, it's mind-boggling. governor, good to see you this afternoon. thank you. >> thank you. jackie: coming up, oil prices extending their decline today. how china's covid lockdowns are causing prices to slide, coming up next. ♪ pressure.

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lockdowns are driving some demand fears. claire chase joins me now. claire, it's great to have you on today. getting a little relief with oil prices under $100 a barrel, but when it comes to pain at the pump, we have such a long way to go. your thoughts. >> jackie, good afternoon. and, yeah, you're exactly right. oil is raided on a futures market -- traded on a futures market like most other commodities. while today we see lower oil and gas prices, it doesn't necessarily translate to lower prices at the pump. we've got not only futures contracts, but then the refining capabilities, whether refineries are online or undergoing what they call turnover, so there are so many factors that go into gas prices that it's really difficult to -- i know consumers want to see the lower cost at the pump, but it's not going to happen overnight. jackie: yeah. i have seen your interviews on our air before, and i think you

do such a wonderful job of breaking down what the core issues are right now for energy companies. it's not that they don't want to drill, it's not that they're price gouging, it's essentially that they're afraid to invest in the future because this administration has been attacking the fossil fuel industry. >> you could not be more right. it's been really difficult for us because, you know, we operated really well for the four years under the trump-pence administration. we had regulatory certainty. we knew that we could lease the lands that we needed. if they were going to do some sort of regulatory action, hay gave us a heads up and let us have a seat at the table. and i really don't think that's been the case under the biden administration. you know, first thing, we talk about this a lot, but first day in office he banned the federal leases and, obviously, now he's just reversed that decision, but, you know, at a much higher royalty rate and significantly less acreage. that doesn't send the signal that, hey, we really want to

help the american consumer by helping american oil and gas drillers get back in the field. it sends the signal that, you know, we're trying to get reelected in november, if you ask me. jackie: right. and that was the headline, that they're allowing the leases to resume, but the royalties are going to be 6.5% higher to the oil company, to you, that says you're still trying to put me out of business, you're just trying to make it look better. la of. [laughter] >> that's exactly right. especially for the smaller producers, you know, we -- my company is a mid-level producer. we have about 350 oil wells in the state of new mexico, and it's everybody below us that is really affected by us. the people who can drill 2-3 wells a year, that makes a huge difference. that's not, that's really not going to help in terms of, you know, allowing those smaller producers to continue to produce which we need them as much as we need the majors. so i think it's, you know, the fact that they come out and say, well, we're going to try to help

you guys, you know, i say this a lot, but it's disingenuous. i don't think they're doing their best to get us producing oil here in america. jackie: in the minute we have left, i'm going to give you a little bit of a challenge here. senator elizabeth warren was talking this weekend over doubling down on progressive policies to help the democrats in the midterms. part of that, she says, is getting the ftc to look into price gouging. we know that democrats have accused the oil companies of price gouging. please take the minute to set the record straight. >> well, thank you for this opportunity, i would love to do that. you know, it's interesting, i mean, if truly -- i mean, let me just sort of phrase it this way, if we were price gouging, if we control the prices, right? because that's essentially what price gouging means. we are able to set the price for oil, you know, almost two years ago to the day we were in the negative. we were below zero, somewhere around -30. and why would we allow things like that to happen if we truly could control the price? you know, it is simply economics. it's supply and demand.

over the last two years, especially under president biden, we have read the tea leaves where he has said, hey, we don't want you producing in the united states of america. jackie: right. >> we slowed down. not to mention the covid lockdowns. and when we get into negative territory on oil prices, oil is a slow-reacting commodity. we can't just gear up and slow down overnight. we can't, i mean -- jackie: you bring up a great point. you bring up a great point, claire. nobody remembers when the prices went negative. i do, and that is proof you are not price gouging, you don't control it. we are out of time but great to see you today, thank you. quick market check. the dow continues to sell off as fears of global slowdowns loom. stay with us, we've got more "cavuto coast to coast" after this. financial picture. with the right balance of risk and reward. so you can enjoy more of...this. this is the planning effect.

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