>> you got it right. >> when i said it. stuart: i knew him as a english guy. answer me this one. impactfulness a correct word in the webster dictionary. impactfulness. >> no. don't think so. stuart: i'm glad we're together on this, ashley. it is very important. see you tomorrow, son. >> you owe me money. >> david asman in for neil. david: i ad a feeling it was samuel johnson. i'm david haas man in for neil cavuto on "coast to coast." there is another billionaire weighing in as well. we'll dig in. gas prices at another record. warnings of diesel rationing and

our petroleum reserves at a 35-year low. wait until you hear the oil you paid for is going. we will look at energy industry mess that could get even worse. live reports over next couple hours from pennsylvania where the senate gop primary race is tighter than ever. we start with billionaires versus biden on inflation. first jeff bezos hitting president on inflation. elon musk is weighing in yet again. edward lawrence joining me now with more on the battle. edward? reporter: some of the richest men in the world are calling out president joe biden. biden's poll numbers are falling. his policies so far have not been able to handle inflation. first on jeff bezos, the amazon founder, former cheerleader of president joe biden. he requested the administration's path to bring down inflation. well now inflation and calling out the president elon musk. listen. >> hard to tell what biden is doing to be totally frank.

the real president whoever controls the teleprompter, you know? like, the path to power is the path to the teleprompter. because that is, he need as teleprompter. so you know, i do feel like if something accidentally lean on the teleprompter it will be like anchorman. reporter: president also losing favor among voters over inflation. "fox news poll" shows 67% of registered voters disapprove how the president is handling inflation. what is telling here, 70% of independent voters disapprove. that is the group you need to win elections. bezos pointing out on twitter that government spending led to inflation that we are seeing now. the white house doubling down though on attacks on bezos. >> it is not a huge mystery why one of the wealthiest individuals on earth, right, opposes economic agenda that is for the middle class, that cuts some of the biggest costs families face, fights inflation

for the long haul. reporter: but we have inflation at 8.3% year-over-year and no changes in the policies yet. back to you. david: all right. edward, thank you very much. the fda meanwhile has reached a deal with abbott labs to reopen a baby formula factory but parents are asking how long until it's back on the shelves? a lot of those shelves are empty. hillary vaughn joining us live on capitol hill. hi, hillary. reporter: hi, david. well the fda does have a plan to reopen the abbott plant in michigan but that will not help feed babies today. abbott says after they reopen it will take six to eight weeks for product to hit the store shelves then. the white house insists they have been working on this issue for months but it will still be weeks before mothers see any relief at the store. congressman time is trying to act fast. house appropriations committee announcing a 28 million-dollar emergency funding bill for the fda. the democrat on the committee,

rosa delauro says this, we know we have more work to do to get to the bottom of serious safety concerns at an abbott facility and fda failure to address them with any sense of agency this is the first attempt to help restock shelves to end this shortage. it is not just a shuttered plant that contributed to massive nationwide shortages. government regulations and red tape made a supply hiccup a mother's worst nightmare. the u.s. baby formula market is heavily regulated and highly concentrated to just a handful of manufacturers. less competition mean as problem with one manufacturer can put a chokehold on supply. abbott makes about 42% of baby formula in the u.s. market. the other three manufacturers make up the other half. the u.s. government is the largest purchaser of baby formula to supply nutrition programs for those who need it. they award government contracts to these few companies, keeping the pool of suppliers very small. meantime companies like nestle

are stepping up and boosting imports of certain specialized baby formula to the u.s. from netherlands and switzerland a nestle spokesperson told fox this, we prioritize these products because they serve a critical medical purpose because they serve babies with cow's milk protein allergies of milk products were already being imported but we were able toe act quickly. average consumers buying baby formula overseas is not cheap and easy. u.s. has 1.5% import tax on formula. a lot of formula overseas does not meet fda labeling requirements. even if parents get their hands on it there is a chance 2 won't make it through customs if it does not pass the fda standards. if they get their hands on it will be pretty pricey. david: hillary you described so perfectly exactly what the problems led to the shortage. i don't think i ever heard it described so well as you just did. thank you very much. appreciate it.

oil is down a tick but gas is up again today and times are getting tougher as our strategic reserves drop to the lowest level since 1987. and where is all of that strategic oil, oil that taxpayers already paid for actually going? let's ask price futures group senior analyst phil flynn. phil, long before it became a story you were warning me about this. watch war the oil -- we have a phrase in journalism, follow the money. in this case it peace follow the oil. this is going overseas this is strategic oil, our reserves we paid for that is supposed to stay here and help consumers here. instead we're selling it overseas. does that make sense? >> it doesn't make any sense, dave. in this entire energy policy the way that they used the strategic petroleum reserve doesn't make any sense either. if you remember we started stars foray trying to control prices

back in november, right? that was going to stop oil prices from going up according to the biden administration. how's that working for them? now of course they're saying hey, we're going to replace all the oil in europe that they can't get. they're trying to ban from russia. and that's not going to work either. but in the meantime the u.s. consumers are more at risk because we're dwindling down our backstop, right? we get rid of all our relief pitchers, right? we're sending them overseas. when we get new a jam, we're not going to have that oil available. that's going to lead to shortages and sharply higher prices. david: is there anything anybody can do about it? is all of this in control of the administration, do they have full executive power or could congress step in try to stop the reserve that is supposed to be for emergency use within our borders from going overseas? >> you know, i think the president has a lot of discretion when it comes to the strategic petroleum reserve. the congress of course can

predetermine that they can sell this oil but make no mistake about it, i think it will be the american people that gets congress to act to stop this madness. i think people at home don't really understand what's going on. you know, they're hearing from the administration, hey, we're releasing this oil to bring down your gasoline prices but it isn't working. david: no. >> in fact it is doing the opposite. david: no. >> i think people are going to be upset. david: not only in the oil. remember when the president, when oil came below $100 a barrel, the president said, gee, the price is going down and now we have to go after the people that are selling grass lien at higher prices at gas stations. most of those are folks are not buying oil directly. they're not involved on the direct price of oil. they are on the receiving end of oil. they would have been screwed if they had been forced by executive oil somehow to lower their gas prices now have to be buying oil at 113 a barrel.

which is what it is going for today, they would have been actually killed. most of those are mom-and-pop stores that can't afford to do anything else? >> absolutely. and if the administration went through with those tough rules that they were talking about on the gasoline stations, if you're looking shortage of baby food, you would be seeing shortages at gas stations. they would have to close their doors, dave. -- fair price, the biden administration thinks they know what a price for oil and gasoline should be. they have no clue. david: none at all. >> if anything, the u.s. retailers, you know, i have to give them a pat on the bat. i think they have kept prices under control compared to what we've been seeing on the futures side. i wouldn't be surprised if a lot of these mom-and-pop retailer stations have seen profit margins go down, not up, during this crisis. another false flag to deflect

blame for rising prices. usually when you hear that out of washington, whoever is saying that type of stuff is the person you want to look at. david: last week, we heard all the talk at congressional hearings about price gouging if price controls are the solution to this problem, which of course they're not. it's the price controls that lead to shortages. shortages we've already seen in food and baby formula, et cetera. if we have shortages at the gas pumps as well as price increases, we're right back to the late 1970s. >> dave, i think you and i should get t-shirts printed. you show me a shortage, you show me a price cap i will show you a shortage. i don't know if we fit that on one shirt but that is the basic rule of economics. it really worries me we're going bark to the failed energy policies of the past to solve a problem that shouldn't exist. a lot of this problem exists because the biden administration

has put their foot on the throat of oil and gas industry with new regulations, slowing down production, canceling permits and pipelines. it is time we follow the science when it comes to the energy. go back to the u.s. energy producers to save the economy and the world. david: not just energy by the way. liz warren has a kooky idea. she wants to create a price control agency would monitor all corporations, big corporations in terms of their pricing, whether they're doing it properly according to u.s. government standards. i mean, they're really trying to strip the free out of free markets. it just doesn't work. phil, we got to leave it at that i could talk to you for hours on this. thank you very much. inflation is weigh income on walmart earnings as the company cut its full-year profit forecast. it is really taking it on the chin right now. delancey strategy president jared levy joins me. jared, it is down over 10%, right now, the stock is, as a result of what we we saw from

this financial report. it is really one of the first big companies to be hit squarely on the chin by inflation. >> yeah. and walmart is one of those, david, we, i won't call it a safe haven, walmart, discounter, consumer staple, there is a lot of that story there and what's interesting remember walmart controls a lot of their own ecosystem. they have got, when you talk about logistics this is the company that you say, them and amazon, right? but here's one where they couldn't even rein in -- they have their own factories. they have their own trucking. they couldn't control prices. that goes to show the impact and depth at which inflation is impacting consumers and this move for walmart, it's a little scary, right? now it will shift, a lot of people go to walmart because not a typically volatile stock, this move today, this report, again just shows the depth. i want to mention something real

quick, david. everybody is talking about oh, retail sales are good. david: just going to bring that up, go ahead. >> sorry, david. your thought there. this is not adjusted for inflation. i'm going to round it up, call it 9%. i think that is conservative. call it 9% annually. this last bump of .9% month-over-month equates to one-half of 1% if that growth month over month. so retailers, they're not, retail sales are not that great. the consumer is hanging in there. i think they're being forced to, right? >> yeah. >> opposed to just out there frivolously spending money. i don't think that is the case. within the data, what we're starting to see consumer again, they have got some cash but they're having to fork it over. not wanting to fork it over. david: jared, quickly, another number came in this morning it was a good number, factory out put. the factory output a number was

better than expected. they don't deal with direct inflation walmart had to deal with reflected in its earnings. so are these good signals? and clearly the market liked the figures they were getting. the dow is up, nasdaq is up even more percentagewise. is this just a temporary bump that will be knocked down by inflation? >> it's hard, so again i think there is some points of light out there. don't forget, factory output, there is a lot of catchup to do, david. a lot of shortages. factories are turning on. they're using alternative goods things like that to get themselves moving. while there is a positive there is obviously caveats there. i like what we saw with home depot. again there are risks there. as investor you have to be cautious there. let the data flow in. i wouldn't get too happy. nice to see the positive points. david: okay. let's leave it on a positive

note. green on the screen is good news. jared levy, good to see you, my friend, thank you. >> thank you. david: voters heading to the polls in several states today. how president trump's influence could tip the scales in a few of those primaries are. we'll talk about that coming next. ♪. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed.

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or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. >> at this time in pennsylvania we don't have to hold your nose and vote for the lesser of two people just because we think they're more electable. i don't think mehmet oz with unfavorable rating of 61% from his own base, his own base overwhelmingly does not like him. how does that make him electable in a general when his own base doesn't like him? so again there are a lot of people who are telling us, some people are more electable than others. at this time i think it is imperative that americans begin to focus on true conservatives, people who actually espouse their values. david: voting is underway today in pennsylvania's key senate primary. three gop candidates are virtually neck-and-neck with outsider kathy barnette who you just herd keeping up with trump

endorsed candidate dr. oz as well as candidate dave mccormack. they're all about even here. fox news correspondent haugh harf is live in -- alexandria hoff is love in pennsylvania. reporter: i talked to a couple republican voters outside of the voting location, most of them told me they still had not made up their mind even as they were on their way in. as you mentioned, dr. mehmet oz, the celebrity surgeon is among the three leading candidates. he cast his vote this morning. he was endorsed by former president trump. he thinks that will give him the advantage. >> i'm the bold voice president trump called out we need in washington, d.c., second amendment values, pro-life, pro-second amendment, pro-energy. reporter: but kathy barnette who became a sudden top contender said trump picked the wrong person. >> he is not perfect so he gets

to be wrong and on this he's wrong and the people here in pennsylvania, praise god, that they get to choose. reporter: businessman and former treasury official david mccormack emphasized a candidate barnett had to fend off criticism for old tweets and marching on january 6 could sink republican chances in the fall. >> whoever wins, we need to get behind them because we're going to be fighting against a really socialist agenda that is both weak and woke and taking our country in a direction we won't recognize it. reporter: adding to the drama of this race democratic front-runner john fetterman, who is also the lieutenant governor of pennsylvania remains in the hospital today after a suffering a stroke on friday. fetterman released a video today urging his supporters to get out there and vote. he said he didn't suffer any cognitive damage with that stroke. he says he is feeling a whole

lot better. david: thank you very much. many of these voters are focused on what it impacting their everyday lives at the gas pump, grocery stores, trying to buy baby formula. new nbc polling showing 75% of the country thinks we're heading in the wrong direction. hugo gordon of the washington examiner is here to break it down. thank for being here. media focuses on trump factor, how trump may have backed the wrong candidate, you look at the plans, the platforms of these three candidates who are neck-and-neck, they're very, very similar, aren't they? >> yeah. they're very similar. whoever wins the republican primary for the senate seat, they're all going to be fairly trumppy. there is a difference between the candidates and dr. oz and dave mccormack have, give the impression at least to some

voters out there that they kind of put on the trump suit to look like they are really sort of maga and america first and indeed i think they are. they are populist but they're not, there is kind of a debate amongst the voters out there about which ones are really kind of real and kathy barnette has surged in the last several weeks, two or three weeks, put it that way and there's real concern out in the republican party in pennsylvania and no doubt also to some extent on capitol hill with mitch mcconnell, that she might come through and actually win this because she's very much an unknown quantity. since she surged and got herself at least level with the other two, more attention is being focused on her and people are sort of saying that her resume' is sketchy both on the military side and where she actually lived, when she moved to pennsylvania all of those things. that attention may have started

undermining the vote for her. so it's right neck-and-neck right now. you know, one of the things that really should be remembered is that donald trump's endorsement of doug mastriano is causing considerable anger in the state amongst republicans because they think that that actually has the possibility of helping barnette getting out the maga vote even though trump didn't endorse here but endorsed dr. oz. david: i want to ask about kathy barnette for a second. she came out over the weekend addressed some of issues. they put it on the website, her back frowned in the military, her background as visiting professor, adjunct professor, something like that. did she answer all the questions or do some of those questions still remain and could they haunt her come november if she is the candidate? >> yeah. i think that those questions

still remain somewhat. you know, look, she did make an effort to answer them and i don't know if those might raise more questions. certainly they are going to affect the vote today with those people who are kind of of unfamiliar with her, just because those kind of questions raised about her. to some extent she may be hiding nothing but there is still, obviously her opponents want to make as much as possible over the possibility she is hiding something. david: hugo, i have to come back to the original point, we only have 20 seconds but come november, folks, voters i think will be focused what the economy is looking like for them. right now it is looking miserable for them. 75% of americans think we're going in the wrong direction. won't that overcome any reluctance to vote for any one of these nominees? >> yeah. that is a very good point of the absolutely both parties will know that inflation and the

economy is the biggest issue. it is going to swamp pretty much any other issue. afraid biden inflation is baked into the pie. he will not escape that it will still going to be high. if voters are angry about this, they will turn against the party in power. that is against the democrats in favor of the republicans. david: hugo gurdon thanks for being here. >> thanks a lot. david: coming up back and forth over fake accounts where elon musk twitter deal stands as he pushes back against bots on the platform. ♪.

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david: deal or no deal? elon musk saying his twitter acquisition cannot go forward until the company proves bots

make up less than 5% of users as they claim. kelly o'grady joining me now with the back and forth on this. i think he has got some good points here. they're not proving it yet, have they? reporter: no, they haven't. this really depends on who you ask if this deal is indeed even going through. elon musk says it is on hold. but twitter this morning telling shareholders in a proxy filing the transaction is likely to close at $54.20 a share in stark contrast what musk was saying. he was engaging yesterday in a tweet war with ceo. pa rag agrawal. it is unreasonable that human accounts represented over95%. the billionaire tweeting this morning the deal cannot move forward unless the company can prove their public filings are accurate. at the podcast yesterday he shared why that is so important to the company's financial health. >> something doesn't add up here and my concern is not that is it

like, is it five or seven or 8%, but is it potentially 80% or 90% bots. brand advertising, awareness advertisings, it ma thers whether humans see that or not. reporter: investor disagree with shares losing all gains with musk's investment, whopping $16 below the deal price. will musk walk or theatrical ploy to renegotiate the price? he waved due diligence to close the deal faster. anticipated what public filings about user data and there is one billion dollar breakup fee and there is performance clause would allow twitter to take him to court without proving just cause. he is on the other hand elon musk is very effective leveraging wealth, and his popularity to drive the stock price to get what he wants. maybe this is pretext to do that, david. david: nobody expected

donald trump has used twitter to his advantage elon musk the man who wants to buy twitter or may or may not buy twitter. kelly, thank you very much. susan li joining me now. susan first of all we should mention in his dialogue with agrawal, the current ceo, agrawal, said it is not possible to know which accounts are mdau, bots or not. look at twitter's response. no words, just a pile of -- >> emoji. david: a pile of you know what? won't spell it out. >> popular emoji. david: doesn't i have a point. isn't there a way to find out whether the bots are bots or real people? reporter: we need to put in context this report more than 5% of twitter users are scams or bots. algorithm controls, this report has been around for multiple years. david: right. reporter: this is nothing new,

right? even though elon musk waived his right for due diligence everybody knew the report was up there last two or three years. is it a surprise? he said himself on the podcast last night if you listen to all 90 minutes of it. i did. he said look -- david: you listened to all 90 minutes? reporter: of course. it is elon musk. all-in with jason. david: glad somebody did that okay. reporter: even said that on the podcast, does anybody have the experience where they think 95% of users on twitter are real? nobody has that experience. even said it himself. david: can somebody prove it? we heard from the ceo i can't prove it. he said, yes you can. is elon right or is the ceo right? reporter: it's hard i would say. why not use the same sort of sample size that twitter uses themselves? he broke the you check 100 twitter users whether or not they actually are real? 20% i would say, some that is

actually below what a lot of people estimate the fake twitter accounts level to be at. david: bottom line, if twitter cannot prove that less than 5% are bots will that kill the deal? is that a deal breaker? reporter: according to a former sec chair, i had a few questions, i said can elon musk walk away with cause, without even paying that billion dollar breakup fee? very rarely that happens. can he walk away if he pays that breakup fee. he said yes. i said what about a possible lawsuit? the sec has a terrible track record of finding, collecting those fines. you saw that also in 2018 elon musk was fined 20 or $40 million for the funding secure private. that is pocket change for a man worth $200 billion. i will point out the stock price, what that's telling you right now. the fact we're $16 below the offer price of 54.20 the widest

gap, that tells you wall street thinks deal will go through according to bloomberg survey but the deal might not be done at $20. david: real money. we have to run but where does that money go? if he has to pay a fine for walking away? reporter: obviously the board collects it. twitter collects it. david: is that correct? reporter: i believe. david: it may go to the government regulators. reporter: break-up fee? that is contract between two parties. goes right to twitter. david: good for them if they get it. good to twitter if he gets the company. reporter: wonderful i have guess. david: record shattering 234,000 migrant encounters reported at the southern border in just one month, last month. congresswoman kat cammack joining me next as the fate of title 42 hangs in the balance.

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♪. david: well american families are still struggling to get their hands on baby formula. now senator elizabeth warren is looking to create a price control agency that could make all sorts of shortages way beyond baby formula far worse. "the wall street journal" comparing those price controls to venezuela saying eventually even the socialist leader nicolas maduro had to decide to lose price controls. republican florida congresswoman kat cammack joins us now. we got a lot to talk about, congresswoman. we'll talk about title 42, baby formula but this is really frightening stuff that liz warren is proposing and some other progressive senators. let me read from "the wall street journal" today, their editorial talking about what she wants to do, her price control agency. they say price controls were the crown jewel of a venezuelan economic plan that made basic

goods disappear while doing little to curb over all inflation. even that country's socialist dictator, nicolas maduro was obliged to loosen price controls. the thing we know about price controls, congresswoman, that they always create shortages. so the shortages that we may have in gas that we're having in baby formula, we may have in food that could go all through the economy if she gets her way. >> well, david, just chalk this up to another stupid idea by another democratic socialist. i may have a degree in economics you by think anyone with a degree of common sense knows that these price fixing measures are just bad policy. you know we, like you said, just, we know that when you have price controls that leads to supply shortages. we saw this in the '70s with nixon and with beef. of course you just highlighted the venezuelan issue even maduro of all people had to ease up. this is bad policy. we have a free market policy

which when left to the free market, meaning less government interference it works, but what the government wants to do is basically define what excessive means by some bureaucrat in a basement somewhere in washington and honestly, this is terrifying because only ideas like this work in places like washington, d.c., where big government bureaucrats want to prey on constituents. david: absolutely. >> this is terrifying. david: it is. i am so glad you mentioned richard nixon by the way. it is bipartisan, it has been tried by democrats, by socialists, republicans like richard nixon. it always fails for the same reason. companies cannot afford to produce something at a discount, at a price that is beyond the price that they make a profit pro. so it just doesn't work. you end up with shortages. i'm glad you're on this. you seem to understand it very well. so hopefully it won't get anywhere. i want to switch to title 42

because we had these horrific figures what happened in april. was it, 234,000 migrants at the southern border just that one month. this is the highest number in the entire history of the department of homeland security. now you have witnessed first-hand the situation at the border. the end of title 42, i'm told, actually the dhs itself says that those april numbers, as bad as they were would be double if we ended title 42. so what can be done? >> well, we need too keep title 42 in place. that's the first step. we need to go back to the original mpp, remain in mexico policy. not this version 2.0 that mayorkas and biden administration pushed out that added bizarre language where you have pro bono lawyers coaching these people what to say so they can trigger certain protections, even though they don't necessarily qualify for them. we need the border wall.

it is a force multiplier. every agent under the sun has said this. we need a policy in place that is giving the backing to our border patrol agents more than anything. that is ultimately what this is. biden is inviting people here through his inaction, threw his continue all construction of soft-sided people to help people. he is many completing a trafficking cycle on behalf of the cartels. we need a policy america first policy. title 42 is one of those. david: congresswoman, if in fact 42 goes away, the worst expectations of the dhs come true, that is a doubling what we saw in april, 450,000 instead of 250,000 migrants each month, that is six 1/2 million a year, can we handle that? is there any way that the folks at the border or the folks in towns around the country to which these migrants are shipped can handle all of that?

>> absolutely not. we can't handle what we're taking now. we lose operational control of our border at 3,000 apprehensions a day. we're already exceeding that. when title 42 goes away, we're looking 18,000 a day coming across. this is a full-blown invasion at that point. if you look around the country at the communities that will be inheriting folks coming across, we have no idea who these folks are. they have issued policy within the department of homeland security to leer standards vetting these folks. democrats voted to accept arrest warrant paperwork as i.d. every town in america is a border town. narcotics, crime, social services that will have to be in place, beefed up in order to accommodate these folks who come with no resources this is all the expense of the american taxpayer around american families. when you can't get baby formula in the stores but you can get it at the border, i think that is very telling where we are. we have got to put america

first. david: kat cammack, congresswoman from the great state of florida, thank you very much for being here. >> thanks so much. david: appreciate it. coming up, oil and gas prices surging. how an offer from canada could ease sky-high costs here at home. that's next. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living.

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before starting...get checked for tuberculosis. an increased risk of infections some serious... and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms... or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. ♪. david: well u.s. gas prices hit another new record. fox business's grady trimble is live in chicago with more. grady. reporter: david, take a look at this gas station in chicago, $5.25 for a gallon of gas. this comes as the national average for the first time ever jumped above $4.50 a gallon and it could keep climbing. gas prices are up about 15 cents from just a week ago, up nearly 45 cents from a month ago and up almost a buck 50 from a year ago. so what's the reason for all of this? on top of the war in ukraine,

oil and gas companies in the united states are producing and rye fining less crude oil than before the pandemic. experts say some refineries are making less gasoline in favor of more profitable diesel and jet fuel right now. that is part of the reason six states are seeing prices above five bucks a gallon. some analysts say the rest of the country could soon follow. >> i can absolutely see that because i think there is people in the administration who want that. they think the more you pay for gasoline the more likely people will buy electric vehicles. reporter: prices are expected to increase even more heading into memorial day weekend, despite record highs, millions of americans are planning to hit the road for the unofficial start of summer. the number of people planning to travel this memorial day weekend, according to aaa is% off of pre-pandemic levels. david, the high demand for gas as we head into the summer months could drive up

the realm of possibility according to a lot of analysts. david? david: some say $6 as well. grady, thank you very much. with oil prices rising and gas hitting new daily records, americans are looking for some relief and one of our neighbors to the north says he has the solution. alberta, canada, premier jason kenny joins me now. premier, great to see you, thanks so much for being here, i appreciate it. i don't understand. you have to explain it to me. we desperately need oil. you have a lot of it. you produce oil in a relatively clean fashion. it's good oil. instead we're going, we're going to venezuela, one of the dirtiest producers on the planet for oil. why? >> i have no idea. this is a good question. that is what i asked the u.s. senate energy committee today. alberta, canada, is responsible for 62% of u.s. oil imports. we could easily help you

completely displace imports from venezuela and the other opec dictatorships but unfortunately president biden vetoed keystone xl that would have delivered 830,000, million, 830,000 barrels a day ever responsibly produced canadian energy. we're down here to say, let's create a north american energy alliance. let's stop importing opec energy into north america. david: opec, first of all, it is dirtier down in venezuela. there are all sorts of foreign policy implications becoming dependent on dictatorships not friendly to the u.s. it makes so much sense to do canada. as you mentioned the biden sunk the keystone xl pipeline, one of the first things he did. are there any canadian investors willing to put money out knowing what happened, knowing that biden might sink another pipeline? >> that's the problem. in fact the governor of michigan is trying to decommission

pipeline that safely delivered over half a million barrels of day of canadian oil to the upper midwest and the administration's veto of keystone xl has created great uncertainty for investors. so my message to the senate today was, we need a message from the united states government that you want to have a north american energy alliance. let's work together. we cannot only provide more supply to reduce gas prices, help the american economy but we can also get north america off its addiction to dictator oil. david: premier, you're a politician. you know politicians very well. when 75% of the american people think we're going in the wrong track, politicians are afraid they will lose the next election. i imagine you got some takers from those american politicians you were talking to today. did you? you only got 30 seconds to respond but i imagine they're hungry for your message? >> we saw great support and interest in building on alberta

as the number one source of american energy imports. senate energy committee chair joe manchin expressed an interest in bringing his whole committee up to alberta to see how we can deepen our strategic alliance as the number one energy provider to this country. david: and about canadian investors, are they willing to take the chance that americans are so fed up they are going to force politicians to accept canadian oil rather than going for dirty venezuelan stuff? >> i don't think you're going to see major projects until there is greater certainty from washington but we can and will provide at least a few 100,000 more bails a day over next couple years. david: you're a wonderful neighbor. you produce wonderful oil. we need it here now. i hope you're successful. premier, thanks for coming. coming up florida governor ron desantis eyeing disney's special district. florida cfo jimmy patronis joining me next to talk about it.

♪ ♪ david: long, hot summer, that's what americans are going to be experiencing as we approach memorial day weekend. more airlines are cutting flights, raising costs, and fuel prices as you know only too well are spiking. welcome back to "cavuto coast to coast." i'm david asman in for neil cavuto. let's get right to it, aaa just revealing what it expects memorial day weekend as airlines are scrambling to keep up with

pilot shortages. madison alworth is at knew work airport with what you -- newark airport with what you immediate to know what's the latest? >> reporter: hi, david. the latest is that memorial day is going to be incredibly busy. it's two weeks away, and aaa is estimating that nearly 40 million americans are going to travel for that kickoff of summer holiday weekend. 3 million of them are going to be flying. that is the largest increase year-over-year that we have on record. but unfortunately, like you mentioned, some are going to struggle to get on their flights. the industry as a whole is really struggling with a pilot shortage, portioning some airlines to limit -- forcing some airlines to limit flights and even cut flights in some cases. alaska airlines the latest to announce they are canceling 4% of flights every day to offset ongoing shortage. and to add insult to injury, the price of flights, they are on the rise. currently, domestic flights are $383 round are trip on average.

and, look, if you're trying to avoid high airfare by driving, bad news, you're not in much better shape. gas prices hitting a new record high today. with the average over $4.50, experts say it could start to impact plans. >> it's painful for a lot of people, and i think as a result they're probably still going to travel, but they might go to destinations that are a little bit closer and maybe scale back on their activities. >> reporter: yeah, you know, we still have those two weeks before memorial day, and the way gas prices have been trending, all signs point that gas could become even more expensive before you take off on that trip. yeah, not good news, david. and airfare, and this is important to me, i love to travel. i do a lot for the job and a lot in my personal life, and i know people have been cooped up. you think the prices are high now, wait until june. hopper says the domestic round trip could hit $420 on average.

david: wow. >> reporter:st an incredible price. so if you're looking to travel, book soon. david? david: what a difference from a year and a half ago when he were dying for customers. madison, thank you very much. meanwhile, retail sales rising .9%, better than expected, in april as shoppers struggle with sky-high inflation. gerri willis is here with what really means. we saw with walmart what it really means. their stock is down 10% as a result of inflation. >> reporter: that's right. and for investors, bad news obviously. we took a deep dive into these retailers, listened to their conference calls, hours upon hours of conference calls about what's going on with consumers, and there is one consistent message here. consumers are hitting a wall with inflation. look, we saw the monthly retail numbers, you just showed them year-over-year up 8.2%. but, look, this is largely the effect of inflation. hose numbers are not adjusted for -- those numbers are not adjusted for inflation.

brian johnson is ceo of a small retailer which retails and manufacturers household lighting. he sees both sides of the equation. he sees a slowing of inflation from his suppliers, but look, demand for his products is falling. listen. >> the frequency and intensity of price increasing from -- increases from our suppliers has diminished. so that upward curve has settled down, from my perspective. our absolute number of orders are down this year over last year to the tune of maybe 18%. >> reporter: now, david, you mentioned walmart, right many executives on a conference call say they're seeing consumers trend down from branded goods to private label. look, high price deli meats, lunch meats, bacon, all those items selling less as prices pressuring consumers. and get this, some consumers are opting for a half gallon of milk rather than a whole gallon of milk to save a money. that's real pressure on consumers. now, home depot, this stock is

down today too, but it's a bit of an outlier when it comes to the consumer story. incredibly strong quarter, their best first quarter with ever. ceo ted decker telling analysts consumers are still spending on their homes despite inflation in lumber, copper, building materials. the difference, though, between walmart and home depot has something to do with their customers. home depot telling analysts this morning that the customer base, diy-ers and contractors who serve them, is allowing them to tap rising home equity. and they said in the call this morning that home equity up 40% in the last few years. so those folks are feeling flush, that is. homeowners, of course, not impacted by rising rates, because the vast majority of homeowners, david, they actually locked in low rates, right? their in -- they're in 30-year fixed rate loans, so they don't is have to worry about that. if anybody in this country is feeling good, it's people who own hair own homes or have paid

off their homes, and they are still spending. but the decline in home depot shares tells you that professionals, analysts, investors are worried that maybe this was the last good quarter for a while given what's going on with inflation. they said, by the way, that their average ticket was $11 -- was up 11%. and you can attribute virtually all of that to inflation. david: yeah, right. it's not that people are buying more stuff, they have to shell out more cash for what they buy. great report, thank you very much. meanwhile, the u.s. is likely months away from seeing more baby formula on shelves. one company is looking to fill the gap. ya hu joining us with the lates. >> reporter: hi, david. this company launched its baby formula in march becoming the first formula maker in 15 years to be registered with the fda. now, during this national formula shortage we've learned about the fragility of the baby

formula supply chain where only four manufacturers make up nearly almost all of the market you can is see here. abbott nutrition's market share exceeds 40%. why is that? it's very expensive and difficult to enter this market space. the process and conditions must meet strict sanitation and nutrition standards. even in the pace of these hurdles, the founder has pursued this for five years. they completed clinical trials, and when i got to talk to the ceo yesterday, i asked him what does he make of this shortage. watch. >> first of all, it's unfathomable, right in this is sole source nutrition for babies. what we didn't realize is five years later how important that decision to really vertically integrate and own our entire supply chain would be in enabling us to be part of the solution now to this national crisis. if.

>> reporter: and now as the administration prepares to import formula, we also talked about what he thinks it will take to fix the shortage. watch. >> the solution, we believe, needs to come from from, you know, establishing new manufacturing here at home, investing in the current manufacturers. >> reporter: now, of course, there is huge demand for byheart's products now. they sell direct to the consumer on hair web site, and they say -- their web site, and they see they've seen customer levels spike 15 times their first full-year projection, so a huge increase just from the launch there, david. david: lydia, thank you very much, appreciate it. well, voters are watching all of this unfold as hay head to the polls in primary elections. joining me now is gop if pollster lee carter. good to see you, ladies, thank you for being here. before we dive into the details, the nitty-gritty of what's

happening in pennsylvania, lily, you heard those two reports. we have horrible inflation, we have shortages just beginning, we have the possibility of more shortages caused by this price control agency that senator liz warren wants to start which would cause even more shortages. isn't that, isn't that going to be the dominant feature throughout not only the primaries, but leading into the midterms? >> absolutely. people are going to make decisions based on what's impacting their kitchen table issues and whether it is baby formula or filling your gas tank, when you see 8% or above as inflation, wages not keeping up and supply chain not getting any resolved any sooner, obviously, it's going to compound. and the more you penalize those companies that are the job creators and the makers of goods that are trying to not pass this cost to the consumer, the more you want to control that, the worse it's going to get.

because, guess what? everyday people are going to a-- pay for it, and that's what's impacting their view -- david: well, and their view is very clearly 75% of americans think we're on the wrong track. and as even chuck todd from from nbc had to admit over the weekend, it's been four months where it's been over 70% of of the american people think we're on the wrong track. >> yes. it is absolutely astounding how quickly optimism has shifted. when biden took office, there was a whole lot of optimism that things were going to turn around. now it's the complete opposite. and i would say if it were any other moment in time, you know, republicans would be a shoo-in just based on inflation because the number one concern of the american people, a kitchen table issue, impacting everybody. but here's the interesting thing. if you look at some polling this week, 26% of americans say that the economy and inflation is the number unissue that -- one issue that concerns them.

abortion is now 25%. now, that is going to drive a lot of decisions, and that could take a lot of female, a lot of women, a lot of the suburban votes that i think republicans are counting on. so if this trend continues, it's going to take more than the economy and inflation to motivate voters. this issue of abortion is one that's very, very real. it's about women's rights and becomes symbolic of so much more. so is that going to overshadow people's ability to pay bills month to month, we'll have to see. david: lily, i'm thinking -- and, again, i don't want to discount the importance of that issue. the abortion issue is, for both parties, it's very important many people's minds. but when you get down to it after months of increase -- and, you know, you talk to most economists, they say this thing is not going to turn around, the economy is not going to turn around between now and november. whereas the abortion issue got a lot of attention with the release of those documents, it's

a flash in the pan because it's much more important hand that. but again, the fundamentals always, all the inure to the issues of the kitchen table as you were talking about, don't you agree? >> that that's exactly right. we've heard it before from great minds that have said is, it's the economy, stupid. there you have it, it is it is the economy. and you were mentioning hispanic voters which are critical for these midterms. i recently moved to texas, as you know, from new york, and i'm watching it firsthand. border towns and places that used to be tradition areally blue are turning red because, ultimately, what we want as immigrants, americans or hispanics is to be able to live that american dream. and anything that gets in the way of that is going to be looked at as a negative and a bad policy. that that's why we're seeing actually 62% of hispanics with our analysis with poulter intel that are negative towards the current administration and president biden, the highest negative if sentiment we've ever seen based on 17 million digital discussions analyzed.

david and, by the way, lee cart canner, having married a latin american, the abortion issue, they don't take the liberal standing on abortion. they generally tend to be much more conservative in their views of that, so that might inure. but i have to get into the nitty-gritty what's happening in pennsylvania, because you have this fascinating thing on both sides, you know? one of the democratic candidates just have is a stroke right before the primary. but focusing on republicans, you have kathy barnette, dr. oz and david mccormick, all about split equally. what's happening there? what do you think is going to happen in pennsylvania with republicans? >> you know, i think it's going to be really telling. think pennsylvania's one of those states that's a bellwether for the rest of the country. we've got three very different candidates who represent different ideas. we're going to have -- there's a trump-like candidate, a although trump did not support who we thought he was going to. so i think what is going to happen here, it's going to start to show us what the republican party is going to start to look

like. are we going to see the continuation of the republican party under trump or other kinds of candidates emerge? and i'm just not sure that we know the answer based on the polling. it's all over the place on this one. so i think we're all going to be talking about that later on tonight. david: can i get you to opine about that? the stuff that's coming out about kathy barnette over the weekend suggesting that she padded her resumé a little bit, maybe some other things she's tried to get rid of, does she still have a chance? >> i don't think she does. i think that she had an amazing story. she started to see a rise because i think dr. oz had a little bit of controversy. many people wanted to like her, but i just think this is going to put a stall in her campaign that she's not going to recover from. david: well, as they say, we will see very shortly. within 24 hours we should know about it. great to see you both. thank you so much. really appreciate it. coming up, remember those free peloton memberships for house staffers on capitol hill?

if well, now -- [laughter] there's news of a new perk, wait until you hear about this. we're going to be talking to a republican lawmaker on what he makes of all of this coming next. ♪ ♪ ♪♪ i got into debt in college and, no matter how much i paid, it followed me everywhere. so i consolidated it into a low-rate personal loan from sofi. get a personal loan with no fees, low fixed rates, and borrow up to $100k. sofi. get your money right. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates

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develop or worsen. serious allergic reactions may occur. watch me. david: you produce oil many a relatively good fashion, it's clean oil. instead, we're going to venezuela, one of the dirtiest producers on the planet for oil, why? >> i have no idea. this is what i asked in the senate energy committee today. alberta, canada, is responsible for 62% of u.s. oil imports, and we could easily help you displace imports from venezuela and the other opec dictatorships, but unfortunatel- david: jason kenny telling me last hour we need to lock in north american energy security by working together. republican virginia congressman

rob whitman has been pushing for energy ingebs, and he joins me now. congressman, you saw the alberta premier there, he was very frustrated. i think we are going hat in hand to the venezuelans where where they produce oil in a horrible by dirty fashion when we could be getting it from canada. why aren't we getting cleaner oil from canada instead of going to venezuela? >> well, we should be doing that. canceling the xl pipeline was poolishness. we could be pumping canadian oil to our refineries if the xl are pipeline had not been canceled. canada's one of our friends. we need to be doing everything we can not to be asking the venezuelans to pump more oil, but to be going to our friends. and, by the way, we have lots of energy at home. david: yes, we do. >> these anti-american energy policies by the biden administration are absolutely unacceptable. david: well, we've been repeating this stat over and over again, but 75% of americans

think that we are going in the wrong direction. i know president biden is committed to this green energy policy that would kill fossil fuels, fossil fuel production many america, but he's got -- in america, but he's got to looked at those polls and think eventually even democrats are going to have to wake up to the fact that americans want u.s. energy independence again. >> absolutely, david. and if you are placing the united states at a point where energy becomes excessively expensive or unaffordable for many families, then you're going to find that to be unsustainable. and listen, americans want to make sure that they have clean, affordable energy. so we can do both and we must do both. i think that's incumbent upon all of us, to make sure we pursue pro-american energy policies to get this nation back on track. david: and there's so many things that it boils down to. not only, obviously, the american consumer's -- consumers the worst, but foreign policy. you look what happened with

putin. because the price of oil jacked up, that funded his campaign into ukraine. we can't now produce enough natural gas or liquid natch -- the natural gas that europeans need to pull away from russia. there's so many areas it's important. biden's going to be president until 2024, he's going to be pushing these policies all the way through that presidency, one would assume, and he can through regulatory means pursue those same goals even if americans don't want them. >> well, david, what i hi we need to do as -- think we need food as republicans even in the minority is continue to press pro-american energy policies through every avenue that we have. and i'm hopeful we regain the majority, and we need to put on the president's desk and sent to the senate pro-american energy bills. go back to building the xl pipeline, permitting energy exploration and development on u.s. leases. we can do that, and it has to happen now.

david: i want to switch to something far less important in the global scheme of things, but it really gets under our skin. hose are the perks we've been discovering to people who work merchandise the beltway for you guys, perks like free peloton app memberships, direct office alcohol delivery, that's the most recent perk we just heard about. what do you make of all these, and how can we stop them? >> this is absolutely inappropriate. a member of congress should never receive anything, anything additional than any other u.s. citizen receives, period. it's pretty simple and straightforward. i think these things are are incredibly tone deaf, they should have merv been offered, the speaker should have never pursued these. with all the things american families are dealing and -- with and congress is looking at perks? i am adamantly opposed to this. i get enough exercise running around my district, i don't need a peloton membership, and i don't drink, and i don't think you should have alcohol

delivered to your office, period. david: i know in the grand scheme of things it doesn't seem that important but, boy, oh, boy, it's adding insult to injury to american taxpayers. congressman, great to see you, appreciate it. coming up, microsoft making moves to keep employees from joining the great resignation. the latest on that trend, a trend that really just won't end, coming next. ♪ ♪

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the choices you make can help control your a1c. ask your doctor about once-weekly trulicity. ♪ david: jeff bezos and elon musking hitting president biden, both of them, on inflation, but they aren't the only ceos putting the blame on the white house for its inflation if their policies. charlie gasparino is here with more on what he is hearing. >> i wouldn't say -- it's not just inflation. i think it's sclerosis is, is

that the right word, many washington right now. which is hard to blame on republicans because they're not in the majority, right in he has a full, he has the full monty here. you know, they control both houses. two branches of government here. but you do hear it much more from the ceo class questioning the competency of the biden administration. now, it's interesting, most of these ceoss are not saying it publicly, they won't mention the white house, they won't mention biden by name, but they are talking about -- jamie dimon, for example -- lack of results-based policy -- david: he's still a democrat too, isn't he? >> he's all over the place. [laughter] he's hard to define. he's a little jelly politically. that is not really like -- a guy that's knoll not is larry fink who i would say has been a longtime democrat. even larry is now talking about, you see it in his letter, his

recent letter to shareholders about how we're going too far with the environmental craziness, so much so that gas prices are starting to pop. it's a tax on the working class. and all this is subtle criticisms of the white house, its approach to policy, its approach to regulation. we should point out that the biden administration has put in in key positions not just liberals like in the tradition of a harry summers -- harry summers or even paul volcker -- larry summers -- who was appointedded by obama. david: you don't mean paul volcker. >> he was a appointed by obama to be one of his economics -- toughed david oh, that's right. i thought earn talking about when -- you were talking about when he was fed head -- that's right. i forgot that. >> these were left of center. by the way, volcker's always been a democrat, you know that -- david: yeah, yeah. he was tough on inflation. >> he was. but here's the thing, the people

that are in place in the biden administration are so far left, they represent the elizabeth warren wing of party, and now the ceo chat is starting to -- david: well, and you see with walmart today, the stock is down about 10% as a result of inflation because demand destruction. a lot of people can't afford to buy stuff. >> look who's lining up against him, again subtly. larry fink, subtly. jamie dimon, less is subtly. jeff bezos, amazon chairman, longtime ceo, founder obviously, is coming out to attack biden on his corporate tax increase. elon musk, you know, he's a little bit like jell-o, but he's not exactly a right-winger, not a maga typest a glowing corporation. does this matter purpose in terms of voting? no. however, they do hold sway. it is a crowd that supported biden overwhelmingly over trump who now say, who are now

pointing out that, you know, this administration is a lot of hat and no cattle when it comes to -- [laughter] david: a lot of hat and no cattle. i like the phrase. >> would you like the free peloton -- david: no, no. i'm not a workout freak the way you are, charlie. that would be -- well, a good wine or a beer maybe -- >> you don't like vodka can. david: i'm not ad vodka guy. we diverge d. [laughter] let's get back to the subject. ceos also trying to figure out how to lure workers back to the office. microsoft is actually boosting pay in stock compensation to retain employees. carol roth, former investment banker and war on small business author joining me now. hi, carol, good to see you. of course, most companies are not like microsoft. they can't afford these perks. so my sympathy really goes out to the small mom and pops who are having such a hard time

attracting labor. what do you think about what microsoft is doing in? >> yeah. we're even seeing a tale of two different kinds of tech companies, david. you've got those high fliers that kind of got ahead of themselves as the market got ahead of itself over the last couple of years, the robinhoods, the caravan thats that are actually now out cutting staff which is really different than what these 800-pound gorillas, the the microsofts, amazons and alphabets are doing. microsoft's a little bit behind the curve. you had alphabet come out last year and say they were going to allow for bonuses of any size for any reason, you had amazon in february take up their cash -- unserved cash compensation, they've doubled that. so in order to be able to retain talent when you have, you know, the largest number of quits on record in march, microsoft needs to do this to stay competitive. david: carol, we were paying people to stay home for far too long. i think that's part of the whole

thing. i know that's not necessarily with the microsoft employees, etc., but the point is we had the wrong attitude. we should be encouraging work, not discouraging work. maybe we had to do it or we thought we did with the lockdowns originally, but we continue toed it for far too long. is that still playing out in what's happening with the work force? >> yeah, i mean, absolutely. part of the entire dislocation in the labor market was all of policy. it was the runup of the stock market with the printing of the fed money, having people drop out of the labor force and retire early, it was the immigration policy for legal immigrants not bringing enough legal immigrants. it was making people crazy and not knowing if the schools were going to stay open. people with kids didn't know they were going to to have to care for their children at home or actually go back to work. so all of these stupid policy decisions, monetary policy, fiscal policy, other government

policy are still playing out here to the point where we have almost two jobs open for every job seeker in the country. but also a skills mismatch at the same time. david: yep. >> so it's a very challenging situation. david: although i must say that that those, that that job positions available sur surplus that we have going right now, that could dry up very quickly if we have a recession, and that's why the markets were down. now, the market's up today. there was some good retail news, some good factory output news. is this just a dead cat bounce, or do you think we may have bottomed out? quickly. >> yeah, no, i mean, i think this is temporary relief. i certainly think we're going to have some challenges ahead. the fedex as you know, has been wrong on just about everything, and so i think that there's going to be a little bit of a game of chicken there. but we already had one quarter of gdp that contracted, and just based on the math of how gdp's

calculated, it's going to be a squeaker if we can get positive growth this time around, and that's going to be -- that is a potential headwind for the market amongst many other things, david. david: if we have a negative quarter, that'll be two in a row, and that's one definition of a recession. carol roth, good to see you. thank you, appreciate it. >> you as well. david: primary voting underway in several states. the issue weighing heavily on voters? we've got an answer for that question coming up. ♪ ♪ promise me no promises. ♪ ♪ with my hectic life, you'd think retirement would be the last thing on my mind. hey mom, can i go play video games? sure! ...after homework. thankfully, voya provides comprehensive solutions, and shows me how to get the most out of my workplace benefits. what's the wi-fi password again? here... you... go.

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with the latest. >> reporter: good afternoon. polls close at 8 p.m. in what is a very tight three-way race for the republican senate nomination here for the primary. this has been a vicious and close race. we met up with dr. mehmet oz this morning, the celebrity physician, as he voted for the very first time in his life in pennsylvania. though he says he has voted absentee in other elections in the commonwealth. c. oz told me, look -- dr. oz told me, look, he feels good going into tonight. >> i'm confident we have the right momentum and the right message. we need to get our mojo back, and that's cone by having strong leaders who articulate conservative values who understand what pennsylvania stands for, pro-life, pro-second amendment, pro-energy, and get hose messages heard clearly in washington. >> reporter: dr. oz's campaign received a shot in the arm with the endorse endorsement of former president trump last month. it was sought by all lee senate candidates. last night trump called into a

tele-rally for dr. oz following a row woe call trump released -- robocall who he called smart, tough and a loyal maga person. trump attacked challenger kathy barnette as unvetted and attacked hedge fund ceo and army veteran david mccormick as a wall street candidate. mccormick voted today the. he was in pittsburgh, actually. he has spent more than $35 million on television ads. mccormick continues to pitch voters that he is the most electable and qualified candidate. >> because the stakes are so high for election, and who can go to washington and, on day one, be able to have an impact and make a difference? everything from inflation to the open borders to what to do with china and ukraine. that's why i think we're getting good momentum. we feel great about things. >> reporter: mccormick has been attacked for being too chummy with china. he defends himself by saying only 2% of his business dealings

have occurred with china and he says that experience gives him, quote, a uniquely strong vote on issues relating to china. dave:ed thank you very much. good to see you, my friend. inflation is one of the biggest issues. take a look at this fox news poll, 87% say they are concerned by higher prices. fox business chief national correspondent connell mcshane spoke with voters in pennsylvania. he's here to are let us know what they're thinking about -- by the way, i'd like to meet the 13% who don't think inflation is a problem. >> reporter: don't worry about it. i got plenty of money, it doesn't matter. you talk about this with north carolina yesterday too, inflation is top of mind. as bryan was talking about the, this primary looks really close, but once we get past today, you could see why that would give republicans momentum. talking to people many pennsylvania, you can see they do have momentum and confidence building. i'll give you a stat on the republican side, reuters actually put this out. the former democrats that have

now changed their registration to republicans are doing so at four times the rate that the opposite is happening. david: wow. >> in other words, republican t- david: wanting to become a democrat. >> reporter: we talked to this pollster about why that's happening, and he explained it using inflation as an example. here it is. >> people are feeling it in terms of inflation. inflation is particularly salient to voters. hay see it every day, and every voter sees it. st not just those unemployed at the time, everybody sees it. so in this cycle it is kind of a confluence of the normal out-party, you know, being energized and some issues that are driving that forward, and foremost are economic issues. >> reporter: and those in some cases moving voters that have only voted maybe for president biden in the presidential election, but are registered democrats now moving to the republican side. >> yeah, you've had some. and during the trump era many pennsylvania we've seen especially in the years leading

up to the 2020 election long-term democrats, white, working class dems change their party registration largely to support president trump. >> reporter: so we took that conversation to the voters, had a lot of talks with people in doyles county. real good mix there, and that's where things got interesting because you'd see where this momentum is, with the republicans. you could also see where they could lose it going into the fall because you talk to any if conservative, almost to the man or woman, and they say i care about the economy and inflation. issue number one. you talk to liberals and you say what's your biggest issue, a lot said a woman's right to choose. you could see that playing in the fall, so christopher's point was match-ups matter. in other words, what happens today matters, and the type of candidate that emerges if it's too far out of the mainstream on the republican side, he says republicans could lose a race that they ordinarily should win because of other factors even though he said if he had to

pick, he'd rather be in the republican shoes right now. david: it has happened before where we -- republicans have pulled defeat out of jaws of victory. by the way, independents, that's the largest voting bloc in america. is it that way in pennsylvania, or are they more divided between democrats? >> they've always been, there and people that switch between both sides in pennsylvania. it's a state that has a history of electing republicans and democrats. his point was even when they do elect one side or the other, they have a history of electing moderates. and this doesn't just apply to the senate race, they have a governor's race there too. david: right, right. >> he was saying if they go too far out of the mainstream on that, that could be a risk to the party in general going into the fall even though they're in a good spot now. david: well, look at the man that they're replacing in the senate, pat toomey. >> reporter: yeah. david: he's a perfect example of a pennsylvania moderate. >> reporter: exactly. and that's happened time and time again, and the type of candidates being talked about

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go to golo.com to get yours. david: florida governor ron desantis says he won't pass the buck on to taxpayers in his battle with disney. desantis says the state could take over the reedy creek improvement district without pass passing hose costs on. florida's chief financial officer jimmy prone misjoining me now. thanks for being here. so what's the deal here? i know that desantis signed the bill dissolving the company's ooh private government last month. how, how can florida taxpayers avoid getting a bill for that? >> right now as it stands the district is still intact. it's my feeling and the feeling, i'm sure, that the governor's office feels that these debts were applied for by disney, disney's maim and the reedy creek improvement district is on

the bottom of those mortgage obligation notes -- call them what her -- and they should be the ones paying those at the end of the day. david: is disney -- i'm sure they're not okay with it. [laughter] i'm sure they would like to get around paying for them. what are they saying now, and how are they coming back with what you're saying? >> sure. so there's definitely anxiety amongst the bond market what's going to happen to disney's credit rating, what does this do florida's credit rating if this is shifted. at the end of the day, the way the language was passed, signed into law areing disney and reedy creek, this relationship still exists until next year. i do not see anywhere that this is going to change as disney's going to be obligated for that debt, the legislature's going to meet again at least two more times between now and that 2023 deadline where any of this could be manipulated to insure disney still pays the debts they originally applied for. david: are they suing the state of florida in any way?

>> so you've got lawsuits that individuals have brought up, one of which i know of has already been thrown out. this is part of the political theater trying to attack a very popular governor by democratic activists in a political cycle. i think governor desantis has been fighting the fight and, look, elections have consequences. if people don't like the decisions the legislature, the governor or, for that matter, myself have made, the election in november is your opportunity to step up. david: they've invested decades and decades of work into building up disney world. is there any chance they would move out? >> here's what -- i feel like disney right now, they're on probation. if they color outside the lines, then there'll probably be more questions of what can be done to insure that they are still the type of partner that they were when that legislation was originally crafted, you know, back in the '60s. so, again, the florida legislature's a living, breathing organization with term

limits, and they meet once a year, and they are a citizen-run legislature. all these individuals that make up the florida legislature, they're schoolteachers, engineers, former law enforcement, retired judges. again, a hodgepodge and a mix of what florida's made up of that meets every year that made this decision. i think disney has got some expectations. the florida legislature has got some expectations, and we'll see how that unfolds over the next year. david: okay. just one more question on this. you say they've got to get back in the fold or tow the line, however you want to put it. does that mean that you expect them to change their views on recently-passed legislation in florida? >> i don't know if it'll change their views, but it'll definitely probably tone their rhetoric down. i do not think you'll see disney being outspoken on anything that's a prettily-chargeed issud issue, i mean, their single largest investment, state of

florida, has got in an adverse position with hem. and look, i mean, governor desantis has really the single largest bully pulpit right now in the united states, you know? he's definitely stepping up to what he is hearing the voters of the state of florida have voiced concerns over. david: jimmy, i want to switch gears to the florida surgeon general sending a letter to the fda asking for transparency on the baby formula shortage. what's the latest on that? you know that the biden administration's blaming the companies who make the formula for the problems, but other people say different things about it. what do you say? >> neil -- i love, i mean, david, this is a perfect example of keeping americans engaged. this is nothing more than the biden administration not caring about american babies, plain and simple. it's quick and easy to send $40 billion over to ukraine which is a number that no american household can even understand the magnitude of. but when it comes to babies, my

wife and i have two little boys, the most stressful times in our entire lives, when those little guys were infants. i can't imagine what a single mom or single dad are going lu right now. i've got an employee with a 10-month-old baby had to drive from tallahassee to jacksonville just to get baby formula. this is not acceptable. david: jimmy patronis, thank you for being here, appreciate it. all three indices surging today. strong ea tail numbers -- of course, that didn't help walmart. they're having problems with inflation. the stock is down almost 11%. we'll be right back. ♪ ♪ another crazy day?

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david: well the markets already have a running start at the cp effect here. you can see they're all in the green but for the real cp effect, here is mr. charles payne. charles: david, thank you so much. we are going to rock and roll. good afternoon, i'm charles payne. this is "making money." breaking right now, market popped out gate, then nosedived. all of a sudden buyers emerged. retailers are looking for more pain, but the question who is buying here? should you be nibbling as well. what happens if the u.s. economy can swifter recession? we ed yardeni on deck with that or more. inflation is taking a toll. w