we are all wrong. lauren: [laughter] ashley: we are consistent it's 186 million pies. all right, well now you know at the next cocktail party you can just throw that out there. as we head -- >> i already forgot. ashley: the markets are up, we're feeling good, it's friday the 13th, neil cavuto, he's not superstitious. take it away. neil: you keep this going right we just got to keep it going thank you, my friend, have a great weekend ashley, ashley webster on all of that great job all right at the corner of wall and broad we're seeing buying haven't seen that in a while here i was just discussing with charlie brady our stock senior editor all number, all the time, genius, and one of the things that we see when we see a gain is we don't see back to back gains. you don't get a chance to see traction, of course that's going to be very hard to do today because the next trading day will be monday but my point is, you love to see days like this or at least to sort of shakeout some of the selling but

you need to see more than one day and you need to build on that and that's been very very difficult. there are a lot of questions being asked about the inflation situation, whether the federal reserve is going to continue aggressively raising hikes, or raising rates we'll follow all of that we're on a lot of developments including what's going on with elon musk right now whether he could be holding back on this whole twitter thing he says no it's confusing, so we got kelly o'grady on that, we've got susan li taking a look at an s&p 500 that was just on the cusp of hitting a bear market that seems to be for the moment out of the question today. madison alworth taking a look at record gas and diesel prices, i believe everyday this week they've hit a record and are doing so again but this time the markets are not freaking out over it. let's go to some twitter investors maybe freaking out a little bit with some mixed signals we're getting from elon musk and for that we go to kelly o'grady in los angeles. kelly? reporter: hey, neil well yeah, many had questioned if the deal would indeed go through, and now the outlook is turning even more

murky. elon sending shockwaves the twitter deal is on hold this morning tweeting "twitter deal on hold pending details supreme court the politicoing the calculation that spam and fake accounts do indeed represent less than 5% of users. the company had confirmed less than 5% was but this has investors spooked twitter stock is down roughly 8% on the news, nearly 13 below elon's share price offer and his comments at the future of the car conference earlier this week didn't help. >> there are some outstanding questions that need to be resolved and so it is certainly not a done deal. i don't own twitter yet so this is not like a thing that will definitely happen because what if i don't own twitter. reporter: pretty cryptic so outstanding questions are part of a routine evaluation once a hostile takeover is accepted, musk has not been able to poke under the hood and is also raising equity investors have a lot of questions about these key metrics given the lofty vision to grow the user base to a

reported 931 million users. if the deal falls through twitter stock may not recover so it's obviously elon could also use this to renegotiate a lower purchase price but he will not to be careful how much his comments shift the stock price. he's already being sued by tesla shareholders and further he's under investigation by the sector not disclosing his initial 9% ownership in twitter. in the meantime, he's assuring he is "still committed" to the acquisition. adding more questions to this buyout that was the federal government's disinformation board, was tapped to head the board and now floating the idea of selected verified users being able to edit other user's tweets. similar to how it works on wikipedia, and neil, elon replied with just one word, " disconcerting." neil: yeah i could see why, kelly o'grady thank you so much to susan li and looking at the comegabbard in technology stocks and you'd love to see this have follow-through what are folks telling you? >> well i can tell you that markets are trying to search for

a bottom right now so technology on the way up, after a really brutal week as you can imagine so big tech yes, that includes apple, falling into bear market territory yesterday, so that's down 20% from those recent peaks, and apple is having one of its worst weeks in two years, losing over 10% and up until today, with a pretty strong rally, in fact apple and the rest of the may cap tech names are all down 20%-plus, amazon, tesla down 40% from those record highs, and the big five, they are pretty influential as you can imagine so some of the last to turn at least, but given that apple and the other big tech names represent around 15% to 20% of the s&p 500, that means that the s&p is now close to teeter ing into bear market, but recovering today, thanks to the recovery in technology. apple still is the largest u.s. company around. they are worth around four to 5% of the s&p, and that's despite the fact they lost the crown at the world's most valuable company yesterday to state- controlled saudi aramco in

saudi arabia as for the business itself i think there's been a rethink on fundamentals. you know apple still is a cash machine which is why warren buffett bought in they are buying back another $90 billion in stock, increasing dividends by 5%, only and i use the word only, taking maybe an $8 billion hit to springtime sales, because of china's covid lockdowns. i think that's not bad given that apple usually sells around $100 billion a quarter and china is their second largest market out there, so this is positive recovery, and especially encouraging on a friday, and especially after the fed chair jerome powell yesterday pretty much guided for a half percent bump-up next month and then in july as well, and despite the high inflation fears here recession risks have gone up but it's still not guaranteed especially with the strong consumer that we've talked about , neil and speaking of confidence let's quickly take a look at the cryptocurrency markets shaken by that crash in that stablecoin luna wiping out $270 billion worth in value the

past 48 hours, stablecoins are how cryptocurrencies trade across different cryptocurrency exchanges, and buying different cryptocurrencies, right? that's how they move their cash, but here is one vote of confidence. have you looked at the deal today with one of the richest crypto billionaires in the market sam bankman fried, founder and ceo of ftx, bought a 7.5 stake in robinhood for $650 million and ftx doesn't operate here in the u.s. just yet, but you can think that strategically and tell me what you think, neil, but if somebody likes him, bankman fried is going to spend $650 million third largest shareholder in hood, which has a large young investor footprint when it comes to crypto and stocks that means he uses this 90% down in the stock price, possibly, to probably, you know, help get an established footprint already with guaranteed customer s out there. neil: yeah and then you got to start asking, well others do the same? it takes one brave person to dip

in the water and tryout, you know, whether this is a deal and still others to follow through on that. if it's just the one guy, you don't know. all right susan thank you very very much. susan li following all of that. by the way susan pointed out with today's gains they are heading in advance and they are encouraging folks, again, i don't want to be the doomsdayer here but we're still looking at a losing week unless something is dramatically picking up even with the dow 501 point advance, the dow still down about 2% this week, the s&p about 3%, the nasdaq a little over 4% so we're looking at a down week and i nowhere charlie brady will correct me but at least for the dow represents the seven th week in a row where we're down so we'll follow that. we're also keeping track right now what's happening with gas prices, diesel prices, they are still gaining, and still hitting a record, actually day-by-day, everyday this week. madison all worth has more on that. reporter: hi, neil, yes, another day another record. that is the trend this week.

it is the fourth straight day of record high gas prices. the national average price of gas today for regular is $4.43 per gallon, for diesel, it is up to $5.56 per gallon. that is the 14th straight day of prices rising to an all-time high for diesel and if you take a look, today's price is up over $0.50 from just one month ago and of course diesel does not just affect those who fill up with it. it affects all of us, it means higher prices added on to shipping and delivery costs. the increased costs are adding hundreds of dollars a week to the cost of operating trucks, and carriers are struggling to keep up. trucking companies you will use fuel surcharges to cover changes in diesel prices. that surcharge has jumped to $ 0.53 a mile from $0.19 a mile at the start of the year, according to truckstop.com. driver telling fox business that business cannot stomach the fuel

surcharges. >> it's crazy we went from $200 to fill up the truck to 650 and the work is just dropping off. there's no work to be had soon. >> why is that? >> the people aren't spending money. building new houses, addition, swimming pools, things like that , nothing. reporter: in europe, the pressure is being felt more acutely because of their dependence on importing russian diesel. prices in their wholesale market have jumped 88% over the past year. it's not just trucks in the region though, diesel cars account for a bigger chunk of cars on the road there as well and availability of diesel is expected to be even worse when sanctions on russia tighten. neil? neil: all right, madison thank you very much for that, i think, madison alworth following what has been a run-up in energy prices right now, we're seeing oil itself over $110 a barrel here, so when we were at $99 a barrel, just a couple of days ago, that proved to be very

short-lived, we'll see kevin sla gel joins us the western states petroleum industry association, kevin what's real, oil back over $110 or 48 hours ago when it was in the high 90s. >> well that's a great question , and i guess we'll see how it plays out next couple months. what's probably most real is that uncertainty still affects the market, supply and demand and the nation coming out of the covid restrictions and back out wanting to travel and get back out there are effecting the supply chain and the demand for the products so there's a lot of factors here as you know and we just heard but i think what is real is that we are going to expect some uncertainty here for the next few months. neil: kevin what did you think of the administration's move? it was sort of unexpected to put it mildly, in the middle of, you know, a few weeks ago, maybe opening up some land for production and then closing off 80% others, than taking the rest of that and saying you

can't touch this too, so what i always tell people, however you feel politically on this , or whether you're an environmental ist, very bad timing. what did you make of it? >> yeah, and you're right. this goes to the policy uncertainties that not only our industry but a lot of industries face in this country right now, where rather than really deal with the problems, we're turning to demonizing entire industries and the workers that supply in our case affordable and reliable energy, so when leases are setup and then pulled or , you know, policies for example, in california where production permits just aren't granted, or they talk about banning internal combustion engine now as soon as 2026 all the policy discussions back and forth we get from either at the federal level and the state level they do affect what affordable energy looks like in the future. it effects energy independence, it effects all of us at the pump and certainly no one likes these

prices right now, and so these sort of policy moves, this back and forth action doesn't help anybody. neil: all right, kevin we'll keep on eye on it kevin slagle, you've been beginning to find the upside even with this tug and pull back and fourth on the slowing production that opec fears is going to lead to the economy across the globe slowing down, that should bring prices down a little bit, doesn't happen but again, these markets don't follow the normal quid pro quo reasoning, right? in other words, even in the face of that and some numbers it seemed to hint of a show down and maybe a significant one, you have energy running up for today all right, in the meantime, we'll keep you posted on what a number of fed officials are saying as they speak around the country. we're getting word out of cleveland fed district president loretta nester, saying we're going to need several months she said to determine if inflation is moving down and getting comfortable enough to say that

it has peaked as apparently her messages we've not gotten there and we've not gotten any, any solution to a big old problem when it comes to baby formula. a lot of moms and dads, they're still in a pickle just trying to get their hands-on this. what's the administration doing, after this? ♪

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neil: all right, where's all the baby formula? they simply cannot find it, make enough of it, abbot labs says, you know, we have some abroad in ireland facilities there maybe we could bring it here, bottom line for a lot of parents, this is getting pretty scary. grady trimble has more right now from michigan. grady? reporter: neil, still no word from abbott or the fda on when this factory will get up and running again, to makeup for the lack of formula coming from here in sturgis, michigan the white house says it's trying to do something to get more formula on shelves. in the meantime, president biden spoke with the ceo's of major

retailers as well as formula makers like gerber which owns me ad johnson, about how to do that. the administration says it's cutting red tape and encouraging manufactures to simplify their formula varieties to boost production, also increasing formula imports from other countries and cracking down on price gouging. the white house hasn't decided whether to use the defense production act. >> we know that with one major supplier having part of their supply off the marketplace, one of the easiest and fastest ways to address that is to increase supply from some of the other suppliers, and also to import more which is a step we're working to take as well. reporter: house democrats today announced they're launching an investigation into the four largest manufactures of formula in the united states. republicans, on the other hand, are placing the blame squarely on the fda and the president. >> we are facing a crisis that

is threatening the very lives of their newborn children. joe biden simply has no plan. reporter: the white house says its been on top of this shortage for months. it points to the fact that the formula companies, despite the fact that this factory has been shutdown, have made more formula in the past month compared to before the shutdown of the sturgis, facility, but when asked, neil, when parents can expect to see that formula on store shelves, well they couldn't give an answer. neil? neil: that's scary stuff. all right, thank you, grady very much. want to go to hillary vaughn right now in another development that i don't know if it's scary as much as just wacky reports right now that house representatives are being given a chance to get peloton memberships. i guess regardless how you feel about peloton, aren't we paying for that if that's the case? reporter: neil, we are. taxpayers are footing the bill for this , so it's a new type of spin, not political spin, that's

causing controversy here on the hill, but a free peloton spin membership, we have learned , that the house of representatives center for elk is offering free peloton memberships to house staffers and capitol police starting may 18. peloton confirming the contract telling fox business producer kate sprague in a statement, "we can confirm that the u.s. house of representatives is extending peloton corporate wellness to all house staff and capitol police" so that means 10,000 staffers in the house and around 2,000 capitol police will get to take advantage of this. the contract is a $10,000 deal with peloton upfront, and then an extra $10 for every person that uses the free membership. if everyone were to take advantage, it would cost taxpayers as much as $1.4 million a year. it's taxpayer money footing the bill for this while american families are struggling to pay their own bills due to inflation this new perk even has some

lawmakers heads spinning. >> i don't have one of those. i go to walks or other things to get my exercise, but yeah, i'm not for giving free peloton memberships. >> that's crazy. >> is that a good way to spend government resources? >> not a good way to spend government resources no it is not. >> you know, it's unnecessary. that's the first i've heard of it and yeah i've got the same kind of shocked look that maybe you do. reporter: so, neil, the house center for well being had a draft e-mail ready to go yesterday. we obtained that draft e-mail, but it has not been sent to staffers yet, so they maybe back pedaling on this idea but the problem is, neil, the contract has already been inked with peloton, so it may end up costing them money to get out of the deal anyway. neil? neil: so they are just spinning our wheels i guess. reporter: yeah. neil: it's not as good as your

back pedal and by the way i notice that you chased them even outside the capitol forget about the hallway you chased them outside so you're everywhere you don't need a peloton, hillary vaughn thank you very much. congressman buddy carter joins us georgia republican congressman, also pharmacist by training he knows of what he speaks, probably knows a little waste when he sees it as well, congressman what do you think of this , the peloton thing? >> you know it's just kind of out of touch hypocrisy that makes people distrust the federal government and makes people distrust congress. this is ridiculous. i don't know why anyone would entertain taking up this offer, a member of congress or a staffer. neil: if your staff was interested in this , what would you tell them? >> you know, if my staff, i'd be absolutely opposed to it, and none of my staff are going to be participating in this , i can assure you of that. neil: okay, but it does come at a time right now where i know democrats are looking at some other spending initiatives. this isn't among them that came

to mind, but that that will come and cure the inflation problem we have, thinking that if you have the government as a large purchaser, let's say of drugs, for example, you could bring down the cost of such drugs. they extend that to supplies of meat, poultry, that sort of thing and the government buys it in mass and gives it to the american people. it gets kind of convoluted and you know this better than i do, congressman, but this idea, spend more to save more, to cut down prices going up more. what do you think? >> well, this is typical left wing policy. the more money you spend, the more you care. that's what they think. every problem you throw money at , and again, the more money you spend, the more you care. that has been the philosophy of the left wing ever since i've been up here, and it's just ludacris. neil: so congressman, when democrats come out and say republicans don't have a plan to

get us out of this mess, assuming you take control of the house, your party, maybe the senate as well, besides just cutting taxes, they're big on cutting taxes, and that's their answer for everything. you say? >> no. you know, look. we pass the tax cuts and jobs act it was a stimulus for our economy, we were enjoying the best economy we ever had and then joe biden took office, inflation was 1.7%, its gone up every month since he's been in office with the exception of last month. it did come down from 8.5% to 8.3%. it's still ridiculous. it's about policies. policies have consequences, and that's why elections have consequences, because who you vote for , their policies are what are going to go into effect and we are suffering the consequences right now of the biden administration's policies. neil: you know, congressman, democrats have been saying the source of even the infant formula problem dates back to donald trump's dealings with

china, and limiting not only imports of such materials, but the rules involved with getting the stuff to make those materials, and i'm just wondering what you make of that and that this isn't a joe biden problem. i think they are saying this goes back to be a donald trump problem. >> here we go again. blame it on donald trump. you know, this is beaten a dead horse over and over again. let's face it, this has been building up this baby formula problem. this hadn't just started. now about 40% of the availability of baby formula is gone right now and we only have about 60% of what we normal ly have. this is vital. let me tell you as a pharmacist, a healthcare professional and as a parent and a grandparent, i know how vital infant formula is almost two-thirds of all babies over three months old have to have some type of formula because they can't process milk or soy protein. therefore they have to have some kind of convoluted formula.

this is vital and that's why i en curriculum encourage the administration they need to put into effect the appropriations act and make sure we are getting what we have to get. this is a severe problem that could impact the health of our children. neil: but yet your hearing won't be until the end of this month, by then god knows where it'll be , right? >> well you're exactly right. this is only going to get worse and yes, we need to ramp up production, obviously, the abbott nutrition had the problem in michigan. that needs to get , the fda needs to be on that like immediately, and let's get that straightened out so they can get back in production. this is something that i don't feel like is getting the attention it deserves and it needs. neil: so i know pharmacists by training, sir, but what kind of advice can you offer parents who are facing this dilemma. what alternative is out there

for them unless we suddenly get a new supply in the market. >> well i would encourage them to get in touch with their doctors, with their pediatricians, and find you know , there are networks out there through the internet or whatever, and our family i have a six-month old granddaughter in atlanta and we have grandchildren all over the country, and our family text chain. if you see this milk, buy it. we'll come get it. we need it. we've got to have it for mary emma. that's what we're doing, and that's the kind of thing people are going to have to do but i do , just like i'd be remiss if i didn't mention that this administration is sending pallets of infant formula to the border. that is ridiculous. here we have americans who can't get infant formula and they are sending it to the border for illegal immigrants? they should be prosecuted for that. that is absolutely unamerican. neil: all right, so they come back and say these are very small numbers and we were doing that and the prior

administration was doing that and the administration before that was doing that, what do you say? >> well, we didn't have the problem we have now. we didn't have the problem where we were short of it, okay? if we had a bountiful, plentiful bounty of it, okay we understand that, but now, we need it here. we need it here for our infants. you know the average parent and family spends $1,200 to $1,500 a year on infant formula and now we're going to send it down to the border for free? give me a break. neil: it's confusing congressman thank you very much, buddy carter, the beautiful state of georgia. all right, we've got inflation, that you know, and there are a lot of states trying a couple ways to help cushion the blow and california though it takes the top on the list here, planning to raise the minimum wage there come early next year, to more than $15 an hour, after this. ♪

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neil: all right, interest rates kind of holding their own today, of course we seen a big backup in rates with promises of more rate hikes to come, the half point variety maybe for the next few federal open federal open market committee meetings, there's no guarantee they save those rate hikes for just meetings. we could see an intra-meeting hike one or two of them. maya mcginnis joins us keeping a close eye on our nations pil ing up deficits and debt, thank god for that because i think she's the only one who cares about the subject, and that is no slap intended, good

to have you. >> thank you. no, i take that as a compliment i just wish there were more. neil: yeah, i worry about it too , to your point but when these interest rates go up the cost of carrying that debt goes up, and i believe you're on record saying you think that the inflation rate could pretty soon start exceeding 9%, so whatever relief we've taken from the fact that the fear jump it might not be jumping as much, it's just a matter of time. play that out for the debt implications. >> yeah, certainly, and sort of what we've pointed out is that if inflation stays on track the way it has been, those are the really eye popping kinds of numbers we would see and even if it flattens out we're still going to have very high levels of inflation. this is one of those moments we have been talking about for so long which is if you borrow excessively, and you rack up your debt so that it is, you know, near record levels, if and when interest rates go up, and they will, because there have been so many voices chiming in

saying don't worry interest rates will never go up and i'm not sure who really fell for that, because certainly, they were going to at some point and we're probably seeing that now, but when you have this huge amount of debt, you are incredibly vulnerable to those rising interest rates so for every small fluctuation in interest rate, we will see huge fluctuations in interest payment s and that's why the cost of our interest payments and our national debt will probably be the fastest-growing part of our overall budget in coming years despite the huge needs we have with all sorts of different things going on in the economy, and the world, but we will be paying more and more for interest because people when interest rates were low kept saying don't worry about it. do you know what we should do? we should borrow more and that's never a recipe for economic strength. neil: what do you think about the administration crowing about bringing the deficit down? now it's still spending more than we're making, so the debt

gets larger, maybe not as large as be the case, but i felt it was a bit of an odd thing to crow about because a, we're coming off a period where, you know, covid-related spending was into the trillions of dollars so if it's not as many trillions, after the fact, it's hardly a sign of fiscal osterity. >> yeah, i also felt it was an odd thing to be crowing about , and odd is kind of a generous term, because honestly it's really quite disingenuinous for a number of factors you've put some of them out there but first, we're still going to be having huge annual deficits, hundreds of billions of dollars of borrowing a year and if the economy strengthens what we should be doing is trying to get down to no borrowing, budget surpluses, to repay some of the debt that we've borrowed but there's no way that these number s will be small amount but what i think is more disingenuinous and to be fair presidents always ignore the

blame for the bad things they have in the economy and take credit for the things they don't deserve but the biden administration which has been good on some issues, the president put out a budget that was going to reduce the deficit by a trillion dollars, not that anyone thought it would happen but at least he's talking about the issue but the biden administration has been trying to take credit for the huge reduction in deficits and it is not the case that this is the result of proactive policies they put in place. this is the result of after you've come out of a huge pandemic with trillions of dollars of borrowing and those policies start to runoff, of course your deficit is going to come down automatically. that's what's happening here, that the deficits improving as the economies improving and we're borrowing less to fight the covid pandemic; however, what they have not done is put in place proactive policies that would diminish our borrowing further and by the way, that's a really important piece of actually fighting inflation, whereas the real heavy lift will come from the fed, having to deal with inflation. fiscal policy should be moving

in the right direction. that means not borrowing for anything new, despite the fact that a lot of legislation in congress right now is not being paid for and in fact, talking about policies that would reduce our borrowing further, and we haven't seen that out of the white house in terms of any serious policies, so this is not directly linked to white house activities. it is good news, but i think trying to grab the credit is certainly predictable political ly, but not legitimate. neil: yeah, the markets would respond to a concerted effort to do just what you're saying and they don't see that happening yet. maya, thank you very very much on all of that. meanwhile, politics abound, i was talking about it just when you deal with deficits and the accumulated debt, but we're seeing this play out in a number of crucial races, in particular for republicans, next stop the keystone state and pennsylvania ahead of georgia it could be very telling, indeed. we'll explain, because it's getting crowded there, after

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neil: all right, they call it testing the trump bump and nowhere is that more obvious than in the state of pennsylvania, we're dr. oz of course supported by donald trump is on the ballot but una very very tight three-way race. especially with one candidate surging very very quickly, almost out of nowhere, alexandria hoff in lancaster county, pennsylvania with more where the rate stands. alexandria? reporter: neil you were talking about kathy barnette there up until a couple weeks ago she was a distant third, maybe fourth but for right now we are in litt is. tennessee david mccormick took the stage here and so will

senator ted cruz in a short amount of time here campaigning on mccormick's behalf. not a lot of time left we came from an event for democrat john fedderman, and while his supporters were waiting, the event abruptly canceled and it was out of caution due to him not feeling well we are awaiting an update on his finance did you fedderplan, the current lt. governor is considered to be the person to beat, the question is who can do that so according to the latest fox news poll the three leading gop candidates all now tied the biggest surprise has been that surge in support you were talking about neil for conservative commentator kathy barnette facing criticism and scrutiny by the six other contenders who accuse her of not being proper for the job. she tweeted "every time you think you've discovered how deep the swamp is, you realize you have barely scraped the surface ." she was among those who have questioned the narrow front runner dr. oz's conservatives

despite his endorsement from former president trump. >> president trump warned me, the insider establishment comes after you with everything they have and i've been able to stand on my own two feet very proudly and live up to the promise of my campaign. >> former president trump did release a statement saying he does not feel like she be able to win the general, but senator ted cruz is out in pennsylvania to say that mccormick can, listen. >> this primary has become a wild race, but my view is don't screw around. if we lose pennsylvania, we could lose the country. reporter: neil, i want to point out something really interesting we saw that three-way tie in that poll within the margin of error but i think the most surprising element of that poll is the number of undecided voter s. it's 18% right now, and pennsylvania is a close primary, so these candidates aren't out trying to attract undecided independent voters, these are

undecided republicans. neil? neil: amazing that is going to be one for the record books here thank you, alexandria on that. by the way want to pass along before i tease what we have coming up because we have some great stuff coming up, new jersey is looking at at least nine counties that might need to reimpose mask requirements. they are leaving it up to the individual counties, but this of course as the national picture on covid cases takes a pretty dramatic jump, one million deaths just crossed, new jersey is not imposing these just yet leaving it up to counties saying those effective counties including sussex, ocean, burlington and camden, they had seen these spikes nothing dangerous and alarming as severe hospitalizations or icu visits or god forbid deaths but just a recommendation from the governor 's office, you had that mask? put it on. just saying. all right, and just saying right

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neil: all right, a single u.s. senator could be holding up that $40 billion aid package for ukraine. chad pergram, whose that senator reporter: good afternoon, neil, well the $40 billion aid bill is stalled until next week gop kentucky senator rand paul unilaterally blocked speedy passage of the bill he wants the inspector general to review how the money is spent. his obstruction drew blue grass state colleague minority leader mitch mcconnell who wanted the bill passed thursday. this conflict has a direct and major consequences for america's national security, and america's national interest, so i understand my friend and colleague from kentucky would like changes to the bill. those changes are not acceptable to the democratic majority. reporter: but paul wasn't having it. he notes that this is the second tranche of money the u.s. has

sent to ukraine. it's more than what moscow allocates each year for russia's military bucket. >> my oath of office is to the u.s. constitution, not to any foreign nation, and no matter how sympathetic the cause, i oath of office is to the national security of the united states of america. we cannot save ukraine by doom ing the u.s. economy. reporter: inflation in gas prices still concern many consumers congress is also trying to pass 22 billion in covid aid, so ukraine money is now stuck because of one senator >> if senator paul persists in his reckless demand, we will not allow him to insert his language into this bill without a vote, and all he will accomplish is to single-handedly delay desperately-needed ukraine aid. reporter: now there's a vote to break a filibuster in the senate monday night. that needs 60 votes if paul sticks to his guns the senate may need to break another

filibuster late next week and finally pass the bill then. neil? neil: chad pergram, thank you. have to talk to kirk liphold about this the former us s coal commander. commander i know you're a fairly conservative fellow but i also know you're as tough as nails and a great military figure, in your own right, so you've got to be at a crossroads here looking at this aid package, maybe stop for all the right reasons to hear rand paul tell it, but delaying aid to the very country that needs it most. where are you on this? >> well, neil, i think it's incredibly disappointing that you occasionally get people that like to wrap themselves in the constitution, without actually understanding the second and third order effects of their decision. while it maybe convenient for senator paul to do this and then head off for the weekend to kentucky, delaying that aid is going to result in the loss of ukrainian lives both military and civilian. right now, we're beginning to make tremendous progress there.

when you look at it we've got the 155-millimeter counter battery fire, the other day, the russians attempted to setup a upon pontoon bridge, and the ukrainians knew about it and were able to destroy about 75 vehicles and kill what's estimated to be at least 1,500 soldiers. those kind of battlefield successes are what senator paul is putting in jeopardy, and what he is doing does directly effect the national security of the united states, and our safety here at home. neil: so i think he was looking at upwards of $15 billion to $18 billion, i don't know the exact figure, sir, that can't be accounted for , and he's saying that if we do this under the guides of the urgency of providing aid to a country and he says the world about ukraine, we'll keep doing it and keep dooming ourselves financially. what do you say to that? >> i think when you look at it,

neil, i would say that if you were to go back to the department of defense today, they are going to be able to take time and be able to figure out exactly where every dime has gone but also when you look at it, congress does not allow the kind of auditability standards put into place because then that would actually track where the money gets spend down to the individual district level. congress wants to have audit ability when it dominions to dod fiscal standards by the same token they do not let the department of defense get the software and the systems they need to do it because then the congressman might be held accountable for how and where that money gets spent, in each of their individual districts, so they can't sit there and play these kind of financial games. lives are at stake in ukraine. it has a direct impact on our national security, and when senator paul does things like this , not thinking through those second and third order effects, makes a huge difference for our future here at home, because it destabilizes the

middle east, china, all those areas that are watching what's going on in ukraine today neil: commander thank you very much have a safe weekend, my friend. commander of the uss cole kirk lippold. we are in and out of a pretty good strong rally going on with the dow jones industrial, s&p 500 technology stocks are really racing forward, you wanted traction that's what it's all about so we'll maybe another trading day like this might get some people off the nervous couch here, but they are still sitting on it although more comfortable today certainly yesterday, stay with us. ♪ this is gonna be the best day of my life ♪ ..

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neil: going into the weekend if they come back in the market holds to the end of the day pretty happy but than the prior four days have not been great, the s&p and the nasdaq suffice it to say all the major averages we are looking at another week of losses, for the dow, the seventh straight week for the s&p, maybe the sixth straight week, that bloodletting continues but the corner of wall and brought hit technology stocks, the same

ones that are coming back today, to see if they have any real lasting power, they've gotten to $99 a barrel. a little wonder that in and around $110 a barrel, a popular european oil split up to $114 so those energy pressures are real concerns the federal reserve will be aggressively raising interest rates, that has not changed, even talk that the federal reserve will lose who, half point variety, where each of the next three fomc meetings, the federal committee meeting may be one stuck in between those meeting since they are very confusing. today is the focus and there are a lot of reasons for this, maybe we over did it. lauren: it is not a convincing rally, it has been a brutal

week to say the least but it looks like with three hours left to the trading week that investors want to buy right now so looking at major averages up sharply across the board, the nasdaq the best performer up by 4%, look at the sector, consumer technology, energy leading the market again, this is amounts but in a pretty tough week. the news wasn't all good. we got that consumer sentiment report at 10:00 and it shows we don't feel so good about things, confidence is at an 11 year low-inflation is stubbornly at this 40 year high and jay powell, more interest rate hikes, with cool prices. leading the advanced today you have wind, las vegas and which is surprising, people want to travel, gamble a little bit,

consumer leading the market, crypto currencies, bitcoin has regained 30,000 level, so many names associated with crypto are up. bitcoin is down under 30 but came back a little bit. this is a market that has lost 30% of its market value in the past week. on the week, to show you the dow is off 1100 points this week, down 7 weeks in a row, the longest downtrend in 21 years, the nasdaq is down, some of the week at losers for the nasdaq are actually gainers like netflix and uber and the trend i have been noticing as we talk about an eco that is coming down from highs is these big tech names where

valuation was grow grow grow, don't worry about profitability, that has changed, now you have hiring freezes at certain big companies job cuts at others, carvanand cost cuts like netflix and others, silicon valley looks at things, what they expect from silicon valley it is changing, valuations of come down and to your point may be too much and investors think it is oversold but this is a good sign going into the weekend. neil: it is out of the $30,000 level. bitcoin is advancing in and out of $30,000 a coin. a long way from 60,000 last november, a crazy time. i want to go to what gary makes of this. i have a feeling since you called a lot of this downdraft that one day does not make you

a bull, what is going on? >> i never want to throw cold water and a good day because i know how much pain there is in 401(k)s but i'm a big believer where things have come from not just this week, in the last 16 trading days the nasdaq was down 19%, the s&p, 14.5, the dow 12% so for me this is a bounce. you have a ton of bond technology stocks, some down 60, 70, 80% the rallying. neil: is that telling in and of itself that may be one day does not a trend make but that is overkill, 60%, 80%. is that overdoing it? >> reporter: when we get the ultimate bottom absolutely. but i don't think we are there yet, one of the great characteristics of bear markets, the biggest days we ever had, most happened during

bear markets and we had 1000 point update and also a 600 point update in this downdraft so got to be careful about that and i have to mention the fundamental side. oil is up $4 today. neil: where are we going here? >> fundamentally the economy is softening and not in contraction. i believe inflation is going to come down some but i believe it will stay elevated. i think that ways on the consumer and the profits of corporations and that is why you are seeing this big haircut in the market, so one plus one does equal 2 when it comes to stock-price performance, and there is some definite influence from the inflationary numbers and interest rate environment and i'm not seeing it change so easily and i'm certainly not seeing any of the

powers that be doing the job they should be doing to fight it. neil: you are bumming me out. i was just the british - i was planning my lunch and maybe that was your idea, to step back from the buffet, great seeing you, thank you very much on that, i think. want to go to charlie gasparino, elon musk and twitter, i was thinking the reason we wanted you on was to talk about may be an about face or paws on the part of elon musk who is saying the deal is temporarily on hold. charles: it is temporarily on hold so he can renegotiate the price, you did a segment about how valuations have gone down. everything has gone down especially tech stocks but highly computerized.

his net worth has gone down. everything has gone down. in that environment he also has some leverage. the market really wants him to do this deal, the twitter shareholders want him to do this deal as proposed, probably going to have to take a haircut. if he walks away, pay a billion, he will probably get sued to kingdom come because he has to prove real malfeasance on the part of twitter in terms of user data. that is what he is alleging, more trolls and bots then they disclosed, got to show some massive malfeasance to walk away without getting dinged by multiple insurance. neil: twitter has those numbers you would assume. charles: people make mistakes.

if it is an immaterial mistake or the same, without twitter suing them -- neil: what about the lower-priced? charles: my guess is twitter would still sell to him anywhere from $30-$40 a share because the stock if he's out of the stock given the way stocks trade and today is an interesting day. it is up and this doesn't clear -- neil: you were on this before and it never got close to that offering price and i wonder if the market was sensing something, saying something? charles: my guess is the market was sensing big. i talked to enough that he can renegotiate at lower based on some sort of reevaluation of all tech shares and the twitter would still have to go for it

because it is more than they will ever trade at ever in the next 5 years so that is what i think is going on. it's not easy for him to walk away from this, take the emotional stuff out, if he breaches his contract with them which they would say he does he would have to show that they really did funds the numbers materially on the user data and i don't think they did, they might have, bernie madoff existed. i don't know if jack dorsey was involved until recently, the other ones are doing that. i doubt it. if you 're a betting man you got to think it is going to happen at a lower price but look at the markets. don't care what anybody says, this is not a great bounce back deal, not a market bounce back, some really bad stuff, how many times as the fed going to raise interest rates over the next year.

neil: that troubles me. charles: did i hurt your safe space? neil: it kind of offended me but i will let it go. it is almost like a -- feel better -- keep doing what you are doing. charlie gasparino, working like a hound through it all. if i wasn't feeling well you didn't see me. that is also me. one of my favorite guests in the many years i've done this show, mitch daniels. i always talk about him but he's an adult in the room. he was that way as office management budget director keeping track of the numbers looking at the spending, indiana's governor but more alarmingly and i say alarmingly in a good way, what he has been

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>> i graduated with my undergrad last year. >> i'm graduating this week so absolutely that is amazing and next week that will be me for many years of my life i will paying them off and not looking forward to it but it is part of life i guess. >> talk about student loans being forgiven. how do you feel about that? >> i think it is wonderful. really expensive to go to college these days. >> don't think that is a good idea. we've got inflation up to our next right now. where is that money going to come from ticket people going to school doesn't make sense. >> how do you think about student loan forgiveness? >> i think it is a good thing but if you already paid them back that kind of sucks.

>> i'm not lucky enough to get them forgiven yet. i wish i was. not looking forward to it. >> how will that impact the economy with inflation going on? >> it will impact it in some fashion. in the future inflation and rates rising with the fed and everything kind of a little bit nervous but at least i have a job lined up. >> reporter: how do you think people who have paid student loans already feel about the likelihood of people having their loans forgiven? >> doesn't seem fair. a lot of things about forgiveness that seem unfair and it will be inconsistent. a policy that is not fair to everybody. some people get cut short, some are the winners. it doesn't seem fair. neil: that echoes what my next guest has been saying, mitch daniels is president of purdue

university, former indiana governor and office of management and budget director. always good to have you. you worried this legals up being a lopsided benefit to the wealthy but more to the point it means colleges, not yours, because you kept -- don't know how you did that but it was actually embolden colleges to keep raising rates in an environment where debts are being forgiven or granted. what do you make of this? >> can't say it better than the last interviewee did, this is one of the most grossly unfair ideas in multiple dimensions i think we've seen, very unfair to those who paid it back on 99% of purdue graduates pay back their loans. what am i supposed to say to them? it is unfair to those who never went to school or college in the first place who will be subsidizing people who are going to be materially much better off - brutally unfair to taxpayers.

it is the same people, another several hundred billion dollars debt piled on future generations including the ones we are supposed to be undertaking this change for. unfairness, absolutely the best label to put on it and as you suggested it won't, make the problem worse, the hazard of people seeing others get off the hook will induce the law the economists agree to borrow more than they should which means colleges will charge more than they should. . with the you talked about how the administration wants to pay for this, it will add to the debt because i talk to officials who say you don't have to worry about it but we do have to worry about it. it is adding one. $5 trillion to the debt, something that is on all of us whether we are going to college, or out of college or not. >> the debt is at terrifying levels now in the last few years have doubled it and here they go again.

another of the worst features of this idea is it is being done by a stroke of the executive pen. anyone can get the standing to go to court on this. don't know how it would stand up, the constitution can't be more clear the power of the purse rest with congress. of congress wants to vote for forgiveness that is their prerogative but not the temporary occupant of the white house. neil: how have you managed for ten years running to keep tuition frozen in place? in real inflation-adjusted terms i don't care how low interest rates were but you had to bow behind the 8 fall on that? how do you swing that? >> i would love to tell you it was harder than it was. the simplest explanation is we early on agreed on a campus where people disagree about almost every subject, one thing we agreed on was we wanted this place to remain affordable and

accessible to students of all income levels and it is a matter of what you prioritize and in our case that has been it and we start every year not with the question how much can be get away with raising tuition, how much would we like to spend this year, we start with what would it take to expand our threes for one more year? so far we have found ways to do that. neil: that is a great allure to the school, not that purdue needs that but there's going to be a point i can't keep this going. what do you do? >> i think we did it is long as we could, it will come. we, i always have to remind people we have invested heavily in the school, grown the faculty and staff, the student body, one reason we have been able to do it, it has helped us along with our equality, track record number of students, much

bigger than we were and without reason prices -- >> you are very low-key kind of guy. with the exception of business anchors are very loud and shout a lot. i just wonder harkening back to your days at the office of management and budget where you spell the numbers for the president and both parties to say or as governor, had a great track record. just wondering, what do you make of an environment where it is all yelling and screaming and finger-pointing and drama, nonstop drama. it is a far afield from talking about purdue but a consistency to what you've done and i don't see it in a lot of people. that worries me.

>> i don't think many americans are happy about the coarseness and shrillness and terrible animus that seems to be out there in society, i hope we can move past it. i will say that if you're interested in results, to me that was always the central question of any response ability i have been assigned, if you are apt to get result, shouting, yelling, disparaging others is rarely a good way to do it so in each context, whether it was business or my time in the federal government or state or here, look for ways to bring people together, we brought to go to of them, the agreement we had here about remaining affordable and accessible, the waiters campus came together and i mean everybody, every student, faculty and staff had to come together so we could stay as

open as we did was another good example of when you try to bring people together if you're able, great things can happen. neil: that is clear and you are not a nut. it helps not to be a nut. you are in simpatico. seriously, very good seeing you again, hope you have a safe we can. the president of purdue university, one of the best in the country, pound for pound one of the most affordable, he' s kept it that way for decades. more after this. (vo) while you may not be a pediatric surgeon volunteering your topiary talents at a children's hospital — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you give back. so you can live your life. that's life well planned.

neil: lady gaga, a slight edge to it. and lady gaga.

and it is actually, what i was talking about here, people rolling the dice, take their bets and atlantic city -- >> some people, say the stock market is a casino. i am walking the boardwalk, values casino behind me, take a look at these numbers, first 1:45,022, all-time record first quarter in terms of gambling revenue around the country, $14.3 billion spent on gambling cast by the biggest march in history, $5 billion in march, 20% increase from last year.

all good news but we talked to the chairman of hard rock who said this inflation thing, their luck is about to run out. >> the restaurants, hotel divisions, the retail divisions, we have the ability to raise prices but no doubt this is going to have an additional effect the last quarter of this year going into the first and second quarters of next year. >> one thing i don't think we'll changes the interest in sports betting, look at the numbers on sports betting, up 64%, it is really blowing up, and up 800% compared to just before the pandemic which a lot of interest in sports betting. i come to you, from they call it the nation's playground, used to be back in the day, vegas is number one when it comes to sports betting but atlantic city remains number 2,

$2.5 billion worth of revenue last year and chicago about to get a casino there. there she is, miss america, you remember that, don't you? neil: it looks like you are right by the valley there, right? >> right in front. neil: if you look down to the right, i believe you are near -- >> reporter: i know where you're going with this, i know where you're going with this. thank you. you need to maintain the diet. neil: that would be fine. >> reporter: tap your macaroons? neil: we will talk during the commercial break because i don't want to look like i'm getting any favors. that was great, very very good. if you walk 1/4 of a mile the other way you would also be by the best place, people at their

best, but i digress, great report. this is why jeff stays so thin, he has no interest in any of that foodstuff. you have a little more interest in what is going on with the market selloff and if you are into crypto what is going on with this crypto stuff that was swooning like crazy yesterday coming back with a vengeance today, we have brock pierce, the bitcoin foundation chairman. a lot of people are relieved especially in the crypto arena that we are seeing a day like this but some are calling it a temporary bounce. >> i'm sure we will see another down day but at least we found the bottom, the crypto market was in freefall. neil: you are convinced we did find it? >> we found the temporary bottom. we may find a lower low as we often see with crypto when the traditional financial markets drop, when the traditional

financial markets are up, even more higher highs, lower lows and in this instance we got hit with a shock wave, the implosion of luna and the third largestot too comfortable with too fast. neil: what worries me, of all the developers you mentioned, the problem with coin base because it is really in exchange for buying and selling a lot of this, stock has been decimated back a little bit today but nowhere near the 60 it was. what worries me about that, you buy a lot of the stuff, people who bought that stuff and still have it, they are potentially screwed if they go under, aren't they? >> coin base is an exchange, makes money when the market is up, makes money when the market

is down as long as people are transacting, the biggest brand and the biggest user base and so i think coin base will be fine, that's clearly a major concern. if something were to happen to the infrastructure that powers the industry it would be catastrophic. neil: just alarm people to the point, the new york stock exchange feels the heat and some of these market sides feel the heat, but coin base seemed like it wasn't policed enough, should have been policed more, should it been a little more transparent so folks realize if it goes down they go down, i get all that but once again spawned talk of regulating not only the coin base but the entire field. what do you think? >> no question moments like this create a call for regulation. i was just in washington dc this morning, i will be back

next weekend at capitol hill this is the topic of conversation and the advice i give our legislators and regulators is we are living through the fourth industrial revolution, this emerging infrastructure is here, it is real, it works so it is about making sure it is sensible regulation that ensures america is a major beneficiary in this change. . 20 you know these statistics better than i do, they are underwater and they lost money and you were one of the earliest and got rich doing so. can you tell those still in this that it is worth it? >> my belief has changed as a result of this, been in the market a long time, we experience highs and lows and when you hear about this you should hear this is a volatile market, don't put all your money into this, only write checks you are prepared to

lose, you want to buy low and this is a buying opportunity and in the crypto world we say to buy the dip and hold on for dear life and that is quite literally in this case. neil: where interest rates are going up, people got more death or may care on their investments particularly with bitcoin and crypto in general but they are less inclined to do so in a rising rate environment. >> one of the promises of crypto currency that is unrealized is the idea that this is a hedge against the things we are seeing but we've seen it continues to act in correlation with traditional financial markets. at some point those things are meant to decouple. if you said there was going to be a major war, rising inflation rates, all these things happening would we see a decoupling i would have thought highly likely and i would have been wrong in this case but that is the promise that this is a hedge against inflation the same way people thought of

gold as value i still believe that day will come. neil: we will watch closely, good seeing you, the bitcoin foundation chairman. very different world, the dow 358.5 points, stay with us. ♪♪ and buying your starter home. or whatever this is. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. we believe that your investments should work harder for the future you imagine.

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throughout history i've observed markets shaped wheby the intentionaln, and unforeseeable. for investors who can navigate this landscape, leveraging gold, a strategic and sustainable asset... the path is gilded with the potential for rich returns. neil: the frantic push to find a solution, any solution to find more infant formula, good luck with that, the dilemma for the white house and everyone in washington. what is going on?

>> reporter: the white house says they are working on and announced some changes to alleviate the burden on retailers and those who make the formula and most importantly parents who need baby formula, they are going to allow imports from other countries into the united states because right now most, 98% of all baby formula is produced in the united states, a lot of it produced here but that's not going on right now with the factory shutdown. the white house is facing criticism. you see from this chart the shortage did explode in mid february when this facility was shut down but it was already becoming a problem before then so people are asking if the fda knew about it, if the white house knew about it way back then why didn't they do that? >> the administration is on this from the get go, this

administration sent guidance to every state to update regulations, working with manufacturers since that happened, production has increased because of that work. >> reporter: abbott is producing more formula, from ireland, one of the top formula makers, they increase production by 30% and others ramped up production to make up for lack of production here. if you go to a grocery store, they are looking for formula, the nationwide out of stock rate is around 43% which is an increase from last week so this is not a situation that has gotten better even if the white house says it has been on it since february. neil: a dilemma for parents, a huge one for healthcare workers

as well. lydia has that story. >> i'm in china's response to the recent covert outbreak in shanghai, seeing ge healthcare forced to temporarily shut down a factory and that has depleted the world supply of a critical iodine solution commonly used in cardiac care like scans. >> a hospital that sees disruptions in this vital supply and it will face struggles regarding their ability to provide seamless uninterrupted services to all of their patients. >> reporter: patient care at some hospitals is impacted, the university of california san francisco medical center delayed some nonemergency appointments, fewer than 5% right now but also doctors order ct scans to rate them as urgent or low priority.

other hospitals around the country developing conservation strategies and that comes as the american hospital association says it raised a shortage with the biden administration and medical device suppliers say this proves american production must be prioritized. >> we have to diversify manufacturing out of china and other southeastern nation countries, we got to do more domestic manufacturing of cortical products. >> reporter: the shortage on iodine follows a shortage of a number of medical devices. surgical gowns and syringes, product made in china or parts made in china, caught overseas and lockdowns and supply chains, hospitals expect a shortage of iodine solutions to last two months. ge healthcare says expanded productions at a manufacturing facility in ireland and they

expect to be up to 50% production by the end of the week but also flying in deliveries from china and ireland to expedite the supply. neil: thank you, inflation remains a problem, less of a worry for the markets. it is really walloping farmers in more ways than you can imagine, after this. liberty mutual customizes your car insurance so you only pay for whatchya... line? need. liberty biberty— cut. liberty... are we married to mutual? only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire.

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gone. it is our cost. i would rather have the milk price fee in half and make the same margin at the end of the year. >> reporter: fertilizer to fuel labor prices and supply chain issues are impacting the farm leading to big price hikes out here for farmers across the country and the consumer. the usda says the price of fertilizer has doubled leaving farmers with a big bill and minimal if any revenue meaning americans are paying hundreds of dollars more at the grocery store each month. eggs, chicken, milk, seeing big surges but those three that had the largest as prices continue to soar, president biden built visiting a farm to announce and relieve. this is what he said he's planning to do, increase the number of counties that plant a second crop so they can save resources, not using fertilizer and plans to increase technology for farmers and the

funding for fertilizer production. the question, is it enough? >> the most important thing is people are talking about it and recognizing there is an issue on the farm. there is never one silver bullet to fix these issues and the fact people are talking about it is important. >> reporter: talking about it can only do so much to farmers we are talking to across the country, hope they will see some action sooner rather than later. right now that busy planting season is underway. americans say inflation will be at the top of their mind as we head into the midterm elections coming up. neil: that was very interesting, thank you very much. my next guest says if we want to get on top of this inflation problem the federal reserve has to aggressively raise interest rates so much so, making a big deal of where we are now, 3/4% to 1%, the economics professor,

former chief economist, you would have to get to five times that level. very good to have you, don't know if it's so good to hear that. in terms of getting back to what would be appropriate norms, that would do a lot of damage in the process. would risk a soft landing, wooden and of itself cause a recession? >> they have to raise interest rates that much it will cost a recession no doubt. don't think they will go that far. my best guess is they fall short, they raise interest rates to 3.5 and we are left with a very soft economy and inflation two years from now, in the 3.5 range. not saying they should do more because we care about the economy but once things have gotten out of hand it is not that easy to bring it under control.

neil: what they are saying is you don't have to go that high in the course of raising interest rates, it starts reversing the inflationary trend, we might already be seeing it in disparate numbers that are not accelerating as much as they were. do you put any stock in that? >> these are a little bit of mild good news but if you look at the broader picture it is hard to see how to get the inflation rate down to 21/2% without having a recession. inflation is coming down. 8. 6%. bringing it down. we are talking coming down, but they would like to have it. neil: the higher rates go, some banks counting already, 4% cd rates, we are seeing activity,

hardly a norm. for investors that is not an awful return. it is a way to find alternative to the craziness of the markets, could it feed on a market selloff? >> there's a lot of things going on, not just what the fed is doing to shut down the covid policy which was a political problem, hard to overstate how bad that is, they slow growth, that is a supply shot vote raises prices and lowers productivity, the war in ukraine, pushing gas prices, food prices. there's a lot of things going on in addition to the fact that we let inflation get out of hand, not sure there's a lot of good news bringing things back in line, the stock market absorbing all of it.

certain things like tech stocks are particularly sensitive to the interest rates, looking to have big profits a long time in the future and they have been coming down harder. neil: one of the most targeted of all selloff groups. very good to have you on. harvard university economic professor, international monetary fund chief economist and you have to get up to 5% fed funds rate from 1% now, that might do the trick but we should do in the economy, always that balance. ♪♪ this is how it feels to have a dedicated fidelity advisor looking at your full financial picture. this is what it's like to have a comprehensive wealth plan with tax-smart investing strategies designed to help you keep more of what you earn.

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