it was 13. i thought a couple brits would get it right. 13 original colonies. wanted a couple brits british accents to overshadow americans. we didn't do it. every 4th of july, 2:00 p.m., children descend ands of the signers tap the bell 13 times in honor of original states. david asman, i bet you didn't know that. david: i lived in philadelphia didn't know that. i'm david asman in for neil cavuto. market struggling back from bear market lows even though we had good economic news. we have a big show ahead for you. former chairman of the council of economic advisors, one of the smartest guys around, kevin hassett is talking about voters switching parties as inflation and gas prices soar. why the trend is a worry for

democrats. former deputy assistant attorney general, tom dupree. former nfl player, jack brewer both playing in on reactions to the supreme court overturning roe v. wade. but first our top story this hour, democrats are hoping to capitalize on the supreme court's abortion ruling and use it to reshape the midterm elections. fox business correspondent hillary vaughn is live from capitol hill with the very latest. hi, hillary. reporter: david, democrats have not only been fund-raising off of this decision but they have also been using this as their main messaging headed into november trying to keep their base laser-focused on getting congress to codify roe v. wade. but they're also spending a lot of time attacking the justices on the high court for this decision. some democrats saying that they disagree with this decision. because of that, they now think the court is illegitimate and that it needs to be expanded. >> this court has lofted

legitimacy. they have burned whatever legitimacy they may still have had. i believe we need to get some confidence back in our court and that means we need more justices on the united states supreme court. reporter: there is a push in the house by some democrats to add four seats to the supreme court but the president is not on board. white house press secretary karine jean-pierre if is the president is opening to adding seats. she said the president made his view clear he is not agreeing to expanding the court. other democrats are looking to kick justices off the court because they feel they lied under oath when testifying to the senate before being confirmed. >> this send as as sends a blaring signal to all future nominees that they can lie to duly elected members of the united states senate. i believe lying under oath is a

impeachable offense. reporter: some conservative justices are being singled out, protesters are taking to their doorsteps some republicans are warning that the doj needs to draw a line at protesting outside of justices homes. >> if we don't watch it somebody will get killed out here. i'm urging merrick garland to start putting people in jail who show up at the justices home to try and intimidate then and their family. if we don't reset here pretty soon somebody is going to get killed. reporter: we've already seen, david, a ramp up of threats against justices and their families. in particular those trump appointed supreme court justices on the court. the three of which the president biden himself singled out in his remarks on friday and pointed to them as the reason why this decision went down. david. david: unbelievable. hillary, thank you very much. i appreciate it. how about this for a threat. you're not safe. that is a message from vandals who targeted, have been targeting pregnancy centers

across the country following the supreme court decision. of course the vandalism was going on even before that decision. fox news correspondent david lee miller has a lot more on this. david lee. reporter: david, it was a weekend of rage. abortion rights demonstrators took to the streets from coast to coast voicing their opposition to the supreme court decision overturning roe v. wade. now most of the demonstrations were peaceful. a few turned violent and a number of facilities that treat pregnant women were vandalized. in portland on saturday 100 black-clad protesters went on a rampage breaking windows and spraying graffiti at several businesses including vandalizing the mother and child education center. its executive director who describes herself as pro-choice liberal democrat, condemned the violence. >> i believe that people have the right to their free speech but free speech is not smashing in very businesses helping people, helping children. reporter: in longmont, colorado,

hour's drive from denver, police and fbi are investigating a fire at the life choices pregnancy center. graffiti was found at the scene. there is similar damage to a pregnancy center at in lynchburg, virginia, repeating a familiar refrain, if abortion ain't safe, you ain't safe. according to published reports security cameras showed four people in a mask committed violence. the state's governor said there is no room in virginia. breaking the law is unacceptable. lastly now in paso robles, california, vandals broke windows of tree of life pregnancy center. the initials j.r. were painted at scene. the center received an earlier letter from the militant abortion's rights group, jane's revenge warning about an attack. david: david lee miller, thank you very much. democrats are hoping the abortion issue will energize

voters ahead of midterms but their plans may be foiled with million voters switching to the republican party in the last year. joining me the former chairman of council of economic advisors, kevin hassett. thank you for being here. i know you're an economist. you're not a political operator but again, i'm just curious what you think, four months from now when the midterms take place that is almost a lifetime in politics but will the abortion issue rise above the economic concerns of voters? what do you think? >> well, if it does then it is going to have to overwhelm incredibly strong economic data that suggests that people should switch, are switching to republicans. for me the thing that is most striking in the michigan survey where they survey consumers, how are you feeling about today, so on, 79% of people say conditions will get a lot worse this year and there really isn't a partisan difference who says how bad it is going to be. even partisan democrats have

kind of lost hope about joe biden's economy. that says one thing too is, there is economists yale university, ray fair started 30 years ago looking how the economy affects elections and he found when the economy is soft, everybody everybody is talking about recessions then the party that holds the white house has massive losses and so, you know perhaps there will be an abortion effect. i don't even know how to predict which direction the abortion effect will be but the economic headwinds, the economic effect is looking like it will be the biggest we've ever seen. david: kevin i think it is pretty obvious if we are in recession, if recession has been declared between now and the elections in november, it's going to be impossible for the democrats to overcome the bad economic news, even with fringe issues that they're trying to elevate right now but, could we sidestep a recession between now and november? or do you think it is inevitable

that sometime in the next four months it will be obvious we're in a recession? >> right. well we could sidestep it but one of the interesting things about the people who study how the economy affects elections is they found second quarter conditions are the things that predict elections the best. it is actually pretty sensible because in the third quarter you don't usually get the data until after the election, right? so right now we have got the second quarter mostly in the bag and it's been really, really bad news. so any of the models that map economic activity to election out come say democrats are in deep trouble. even about there is good news in the third quarter, the data will not come out until after the election. david: today we got some good news. the durable numbers, durable purchase numbers, we were expecting a decline. there was a slight increase it wasn't a big increase but slightly better than expected. what that shows is i think there is still demand for a lot of stuff you couldn't get during the pandemic or the supply chain

problems that followed. is it, is there enough enough demand there, of course we have a full labor market. we have more jobs available than we have people to fill them by far. is that going to cushion or slow down the slide into a recession? >> you know it could. today's number was, you know a little better than anyone expected including myself but one thing everybody has to be careful about right now, we're used to looking at numbers like retail sales, durable goods numbers, .7, that is good number, .9 that is a good number. the year-over-year producer price index was up 16%. gdp is positive when sales go up faster than prices. .7 might not be enough to give you positive growth of capital spending in the second quarter because capital goods prices are going up so much. you've seen it in example the

price of cars. amazing how much car prices have gone up. if you spend more on cars, doesn't necessarily mean you're getting more cars. i'm more wary of the number today than it looks like markets are right now. i think people have to factor in this price thing which we haven't really seen since the '70s. even in the '70s i was in elementary school. i wasn't thinking about real versus nominal issues. david: i was just getting out of high school. was very worried what was happening then. a big concern for me as young as i was. let's talk about the jobs number, jobs figures we have. such overwhelming number of positions are still available. we still have very low unemployment rate. have we ever had a recession with so many available jobs? >> yeah. in fact one of the things that happens is that people at the beginning of a recession will hoard labor. there is a whole literature on this. people can google this, labor

hoarding. what happens the labor market gets tight. wages go up a lot. fed has to whack the economy down with high interest rates. firms hold on to workers, sometimes for about a year before they start laying them off in a recession because they just hired the guy. they don't want to let him go. you can see this wage spice price spiral starting to work out with data. i don't know if you saw the new agreement with united pilots. that is 14 1/2% wage increase. that is reasonable response to the prices we're seeing. producer prices are up 16% year-over-year. as soon as pilots wages are going up 14%, tickets will go up too. that will go up in inflation. people asks for more wages. that kind of a spiral clearly is underway. david: i can't let you go, kevin, so spot on ininflation a year ago, announcing it wasn't coming down it wasn't transitory. you really got that spot on in terms of your inflation calculations. what do you think is going to happen in the future?

is there any leveling off now or is it just going to spike higher? >> yeah. i'm expecting that we're going to stay, right now we're running a 10% annual rate if you think about the last few months. david: sure. >> i think that's about the rate that we're going to see going through christmas. now the fed is going to have to keep hiking rates. this is the one last thing i know we're probably running out of time, but the market is thinking oh, economy is weak. fed will not give us so many rate hikes. the fed will look at inflation. until inflation starts to go down, they will keep hiking rates. that is why in the past when you get inflation this high, you end up with a really deep recession before inflation turns around. inflation numbers, how the jobs number was most important number. every friday we're waiting for 8:30? right now inflation numbers will be most important numbers. if they don't start coming down, fed will give us 3/4 of a point basically into next year. david: kevin hassett, worth

listening to this guy. he was spot on for inflation the past year. appreciate it. president biden playing the blame game again overseas pinning the energy crisis on putin. coming up the plan is is he is trying to sell to the other g7 leaders. that's next. ♪ your shipping manager left to “find themself.” leaving you lost.

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♪. ♪ the hills are alive with the sound of music ♪. david: well, what else can you use for this location shot. the sound ever music, one of ronald reagan's favorite movies, g7 leaders gathering in front of the picturesque scene of the bavarian alps where president biden is pitching the clean energy agenda to international colleagues as gas prices continue to soar right here at home. white house core sos denned peter -- correspondent peter doocy is here at the summit.

we played it so you wouldn't have to sing it yourself. he is shy. he has a wonderful voice. i wish you all could hear. we don't have accompanying orchestra. we had julianne druce as a second. -- julie andrews as a second. how is it going there? reporter: much more beautiful than my singing voice is, david. the president came to the alps telling other world leaders he thinks, high gas prices they're all experiencing at the moment are a good reason to go green as quickly as responsible, like within the next 28 years. the president signed on to a statement. part of it says the united states and the european commission are also taking decisive action to reduce overall demand for fossil fuels in line with the paris agreement and our shared goal of net zero emissions no later than 2050. he is expanding on that as well. president biden: every day the entire world is feeling impact of russia's brutal war in ukraine and on our energy

markets. we need worldwide effort to invest in transformative clean energy projects, to insure that the critical infrastructure is resilient to changing climate. critical materials necessary for our clean energy transition. reporter: multiple british outlets are reporting that today prime minister boris johnson is going to try to solve food shortages by pitching a plan that would take land being used to grow biofuels and grow food there instead. these outlets are reporting that president biden is expected to block boris johnson's plan, something much more likely to happen, we heard. is a cap on the price of russian oil. basically a maximum amount that anybody still buying russian oil can pay. >> we think that the trend is looking good towards leaders coming together around the idea this is one of the options available to achieve the goal of

driving down putin's revenues from oil while maintaining stable oil energy markets. reporter: lots and lots of meetings today but white house officials sure aren't letting us see much of it. they came and told us we'll not see the president on camera for the rest of the day. david? david: well it's pretty much the end of the die over there. peter sometimes you get great assignments. sometimes you get lousy as assignments. you get those as well this is certainly one of the best i've ever seen you in. reporter: oh, yeah, this is a perk for sure. david: peter doocy, thank you very much, my friend. let's get the read on clean energy push from western states petroleum association vp kevin slagle. it is not clean energy we're talking about. the europeans are opening up coal plants that have been shut down. we are using more coal. i think we used to get 20% of our energy came from coal.

now it is about 24%. so the air is actually betting dirtier because of the attacks on fossil fuel primarily natural gas, right? >> that's right. this is what happens when we push policies too fast, too soon and they end up being too costly not only to consumers as we're seeing now but also you know, to the environment in some cases this goes back to the policy issues that our industry and others have been pointing to for a whiling, what this administration, stated a administrations around the country pushing us places we're not ready to go. david: i'm getting ready the sense europeans have a clearer idea right now, they're in a more desperate situation because of the war in ukraine and everything, that they get a sense we really shouldn't allow a war on fossil fuels to take place at the same time that weigh don't have a viable alternative. that it is fine to switch to viable alternative when it is available and we can do it

incrementally but the dramatic way the biden administration is forcing it on american consumers. they had their same version of that over in europe, they're realizing better than we are what a disaster that policy is. >> yeah. we're beginning to see the pain of these policies that are too soon. so what we're seeing in europe are shades what we could see here in the united states when you shut down reliable, affordable energy sources like fossil fuels, fuels we need for decades to come, even under a energy transition moving forward, demonizing industry like ours, men and women who work in the industry. these are not solutions. these are political ploys that really all it does it hurt every day americans. people should be angry. energy policy should not be a partisan issue. that is what we're seeing now. instead of using common sense, how do we transition in a way to make sense rather than cramming stuff down our thoughts. david: are they interested at all getting opinions from the

producers themselves, from you and the people that have been in the business? because i get a sense that the only people they're talking to, of course the president was not meeting with oil executives last week. >> right. david: his energy secretary was but she is not an expert in oil production either, in the energy business in general. are they listening at all to the folks that really have skin in the game? >> well you know my colleagues, national colleagues indicated that was a productive meeting last week with secretary granholm. if you look at comments from the president, before that meeting, that we're sort of again villainizing industry. if you look around the country what happens here in california what governor newsom does. they don't want to look to people to solve the tough issues. energy transition moving forward will need folks innovation and our resources. to push us away from the table, not allows to be part of the solution, you will see things like today, costs going up.

reliability going down. david: kevin, final question, i have to ask you about a "new york times" piece, i don't often use that as my guide but they have an interesting piece saying president biden's inner circle wants to go even further on attacks on production of oil and gas in the united states, want to do a full ban or partial ban on offshore drilling. do you know any details about that? >> no, but i do no this there is not much further they can go. if they go further, some of cost issues recently it might just get worse. what we really need to do is start producing more in this country. we need more energy independence. going the other way is not a solution. david: is that some of what was talked about with secretary granholm last week? did she agree that there had to be some way to produce more oil in the united states? >> from what i understand they talked about production. they talked about exports. they talked about a number about

issues that relate to the supply they have in our country. so that hopefully was part of the discussion. we hopeful part of follow-up to the meetings that happened last week. because that, you know, simple market economics show you that if we have more supply and to address our demand -- david: it is not rocket science. >> it is not. david: kevin slagle, we'll have to leave it at that good to see you very much. >> good to see you. david: coming up, flight delays and cancellations are soaring. is there any relief in sight for travelers ahead of the holiday weekend? we're live at the newark airport after the break. ♪ riders! let your queries be known. uh, how come we don't call ourselves bikers anymore? i mean, "riders" is cool, but "bikers"...is really cool. -seriously? -denied. can we go back to meeting at the rec center? the commute here is brutal. denied. how do we feel about getting a quote to see if we can save with america's

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♪. david: this ain't good. flight delays and cancellations again causing headaches for thousands of travelers ahead of the 4th of july weekend. fox news correspondent lydia hu live at newark international airport looking at the latest

travel frustrations. there are quite a few of them, lydia. reporter: david, there are quite a few ever them indeed. 2500 delays an cancellations happening now across the country. if we look at newark liberty international airport, one in six flights here are canceled for the day. this comes as we see a surge of minutes returning to the skies to travel ahead of the holiday weekend. tsa screened 2.4 million people just yesterday. that is the highest checkpoint volume since february of 2020. and, david, while these travelers face disruptions, now we're seeing a lot of fingerpointing. the airlines are blaming the federal aviation administration n a letter written by trade group airlines for america to transportation secretary pete buttigieg, saying air traffic control staffing challenges led to traffic restrictions under blue sky conditions. they also go on to add that an

faa facility in jacksonville, florida, quote, has been understaffed for 27 of the last 30 days which is crippling to the entire east coast traffic flows but the faa here is pushing back. they are pointing to the pandemic relief given to airlines saying, quote, after receiving $54 billion in pandemic relief to help save the airlines from mass layoffs and bankruptcy, the american people deserve to have their expectations met, david a reference to saved and affordable travel. pilots are casting blame, pointing to their own airlines for what they say is overscheduling at a time when they don't have enough staff. watch here. >> pass pilots, we are beyond exhausted. they are trying to get us to fly to the maximums that the faa has. the bad news is, it means a flight cancels when you schedule the airline to the max, you're

going to have failures. reporter: now these delays and cancellations, david, they comb as airlines across the country have already pulled back on their summer schedules. now aaa is predicting a record number of people are going to fly for the july 4th holiday. more than 3 1/2 million people. that is more than we saw last year. that also comes at a time when the price of an airline ticket, you know it is skyrocketing, up 3% over last up 37% over last year. americans are paying more to fly. they have fewer flight options. they're seeing cancellations and delays. david: my heart goes out to the folks. i'm staying at home. i know a lot of folks are traveling. lydia, thank you very much. the housing market delivered a surprise today. the pending home sales index unexpectedly hedging higher in may from a two-year low last month. we have roemer devos managing

partner pierre devos. pierre, good to see you. we were expecting a increase. we got a slight increase. the strong demand is still there with the short supply and that's still good news, not as good as it should be perhaps but but it's positive anyway. >> david, good to see you again and i would agree this is definitely surprising news. i don't think most of us expected an uptick in pending home sales last month where it went up .7%. what you are really seeing to be quite frank, the demand was at such a high level before interest rates skyrocketed at record paces, even with substantial decline in demand you still have healthy level of interest in the housing market. when you go back six or seven months ago we were five to six million homes short of demand levels at that time. even if you fast forward today where demand could drop by half or more, you're still at a significant shortfall in terms

of of housing stock is created. until that changes we'll have surprising months in may. david: peter, some say we may be in a recession right now, if that is true, if -- there is no concrete evidence that, if that is true we're in recession when will it catch up with the housing market? >> that is a great question. if you look where the demand is coming from, we've had tremendous surge of investor interest in last couple years in the housing market. with how tumultuous the stock market has been, the economy in general, real estate is viewed as very stable asset, one that people gravitate towards uncertain economic times. as long as investor interest continues remaining in the housing market, i don't think you see too much of a correction even if we hit defined recession. david: forgive me for interrupting, pierre. that is so strange. the last recession was such a horrible one. it entirely resolved around housing.

i mean that is what started it. 2 didn't, recession wasn't over until that was addressed this one, you think it is possible, if we get a recession for the housing market to remain unscathed entirely? >> you know i definitely think there will be correction in pricing. if i had to predict a number i would say within single digits. i think activity will fall off significantly with everything going on especially with rates. david, one distinct difference could be up coming recession compared to last one, the last one was prompted by subprime lending and horrible lending standards. david: right. >> that is not on anyone's list of concerns you know, going potentially into this upcoming recession. david: right. we did learn from the past. one of the few times we learned from the past. pierre great to see you. i appreciate it. looking at the markets the dow is now down, the s&p is now down, the nasdaq has been down pretty much all day but interesting thing is, that's on

the heels of good news. if anything is showing here this is a bear market good news leading to bad news in the markets. i know that's happened before but that is not happening today. we're following all the market moves very closely. we'll be right back. stay with us. ♪. trelegy for copd. [coughing] ♪ birds flyin' high, you know how i feel. ♪ ♪ breeze driftin' on by... ♪

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idealogical lines are in this case. now, david, things are interesting with merrick garland. he is in an interesting position. he was once a nominee to actually be on the supreme court, nominated by barack obama after the death of antonin scalia. garland never had a hearing but as attorney general he is now faced with prosecuting anyone who breaks the law regardless of ideology. he put out a statement on friday that said this, under bedrock constitutional principles, women who reside in states that ban access to comprehensive reproductive care must be free to get that care in states where it is legal. pro-lifers that garland is equally focused on those targeting the pro-life pregnancy centers. we've seen several under attack in the past few weeks, including one vandalized in lynchburg, virginia, over the weekend. the phrase, quote, if abortion ain't safe you ain't safe, was spray painted in red with the words janes revenge nearby at

the entrance to a pregnancy clinic lynchburg, virginia. authorities are investigating the vandalism, the potential threat by the actual wording of that. positive glen youngkin from virginia tweeted there is no room for this in virginia. breaking the law is unacceptable. this is not how we find common ground. state police stand ready to support local law enforcement as they investigate it. garland said peacefully expressing a view is not protected, peacefully expressing a view is protected by the first amendment. violence the department of justice will not tolerate those acts. asked if the attorney general will focus on pro-life pregnancy centers as abortion centers when it comes to violence, the message violence will not be tolerated no matter what, full stop. david: he is not enforcing the

law preventing protests outside homes of justices. there is also that. david, appreciate it. former deputy assistant attorney general tom dupree joining me for more on this. thank you for being here. supreme court's decision last week, all of the implications thereof, there is still a lot of tricky issues. one of them people are pointing to are these abortion pills, whether or not it is going to be legal to send into anti-abortion states abortion pills that will be sent by the federal mail. what would you do with that one? >> yeah. that is a tricky one, david. i think you're right. the battleground is now going to shift to particular states making abortion related legislation and maybe in some cases states that in the view of the justice department will have gone too far. to your point where you are sending an abortion pill through the interstate mail, a lot of states are saying we want to prohibit that, we don't want abortion in our state by any

means. the challenge, the constitution gives power to regulate interstate commerce to the federal government, not to the state government. that seems like something if a legislature were to be involved some way, shape or form, federal legislature, congress, rather than individual states. david: here is another one. what about the idea that have been floated by people in the biden administration setting up on federal lands in anti-abortion states abortion clinics? >> see, that starts to really push a line in my view. in other words, if federal government is going to say we have special enclave with a state where over state's objection, that would simply nullify the power supreme court has now given states to regulate the act of abortions within their territory. david: yeah. it would be more than a thumb in the eye of those anti-abortion states. might be something that wouldn't pass the muster. all right. there has been a lot of talk about the supreme court nominees misrepresenting their position

when they were meeting with senator collins, senator manchin said they did so. what is your feeling about that, concerning their views on roe v. wade before they were confirmed by the senate? >> i haven't seen any evidence that people were lying or dissembling when they did these interviews. in fact it is the opposite. when these supreme court nominees are interviewed, whether it is the formal hearing or informal meetings with senators they are so careful to walk the line to not commit to voting one way or another way in a particular case. that was the standard set by justice ruth bader ginsburg who declined to comment how she would rule on a case. i'm not sure where the senators got the idea that these nominees pledged to vote one way or the other. they never do. david: i never saw evidence of that and a lot of other people haven't either. finally on the idea of court packing, those vehemently opposed to what the supreme court did last week, we have to put more justices, expand the courts, called court packing,

even president with overwhelming support like fdr was unable to do that back in the 1930s, the president's representative was asked about this on an airplane. here is here response to what the president feels about court packing. roll tape. >> i know i've been asked, i would ask this question yesterday i've been asked this before, i think the president himself about expanding the court. that is something that the president does not agree with. that is not something that he wants to do. david: very quickly, tom, do you think the president will be persuaded by the people that are really much harder even than he is in their pro-abortion views to change his mind on court packing? >> i hope he won't and i don't think he will, david. look, president biden has long said do not expand the court. it's a terrible idea, a dreadful idea. nine is the right number. just because you don't like decisions of the court it is no reason to blow up the system

that served us so well for more than a century. david: i agree with you. tom dupree, great to see you. thanks so much for being here. >> likewise. david: the great resignation hitting new york city's district attorney's office. why hundreds of prosecutors are saying i quit. ♪

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david: new york primary elections begin tomorrow. all eyes on the gubernatorial race. bryan llenas live in nothing city with a closer look. reporter: david, in 350 years sinced roe v. wade decision, no pro-life candidate, republican or democrat haas ever been elected new york governor. republican congressman, presumptive front-runner, lee zeldin is saying he believes, well that new york's current abortion law goes too far by alloying late term partial birth abortion. for zeldin it is personal. his twin daughters were born prematurely at 25 weeks. zeldin is facing off against three challengers in the gop primary for governor, including, andrew giuliani, former son of

former new york city mayor rudy giuliani, who was slapped in the man while campaigning for his son in a supermarket. the man was angry over the abortion ruling. the man called him a scumbag who was going to kill women. he is now in custody. andrew giuliani speaking at a campaign event this morning made no mention on abortion. instead centered his speech on inplugs of crime. need bail reform on my desk, i'm not signing top priorities in my pudge bet. i'm not funding your top priorities period. we need to make sure we fully fund our police. reporter: recent sienna college poll strong majority of voters are for more abortion rights and restrictive gun laws in new york. democratic gubernatorial candidates like front-runner kathy hochul are seizing the decision of abortion and guns to

galvanize new york. hoe brown says new york will remain a quote, safe harbor for abortion. this week she is holding a legislative session to pass more gun laws. polls open for the primaries at 6:00 a.m. david: going to be squeaker. brian, thank you very much. new york city prosecutors are leaving their posts amid soft on crime policies imposed by district attorney alvin bragg. new york city minority council leader joe borelli to talk about that. i do want to talk first briefly, very briefly, joe about a new, breaking news, new york supreme court decision strikes down the new york city law granting voting rights to non-citizen residents. you were part of that lawsuit. what's the latest on that? where does it go from here? >> it is a big win for citizenship rights and voting rights for citizens of all stripes and colors in new york city. this was opposed in every corner of our city. the judge decided that the new york law is consistently clear, you have to be a citizen to vote in our elections.

so it's a big win. it will be appealed though. david: yeah. you're by the way looking at left of your screen, pictures of sixth avenue, midtown new york city, there is barely a car on one of the biggest avenues in the city. this largely has to do with the crime problem in new york. i have no doubt that many more people, millions perhaps of people would be working in new york if it were not for the crime. you can see the stats. they're horrible. in the midst of that 65 district attorneys have left their job because of these soft on crime policies. has there ever been anything like that exodus before? >> david, it is completely unprecedented. let me give you the comparison. this is like if aaron judge was hitting dingers and home runs every single night but yankees management was upset with him for doing too good of a job. that is the situation we have now where d.a.s in this city are being discouraged from actually throwing the book

africa rear criminals. they don't want to do this because this to basically a fringe minority of new yorkers who believe there should be no laws, there should be no consequences. people who commit crimes are victims themselves. that is just not how most new yorkers feel about it. i'm not surprised that so many district attorneys, assistant district attorneys decided to leave when you have leadership like alvin bragg and others who want them to do their job without actually doing their job. david: it was on the third day of being d.a. this year, announcing he was decriminalizing all the crimes, including by the way, shoplifting. this past weekend i shouldn't be laughing, so absurd. there is a woman who, for the 100th time was arrested for shoplifting. and she got off again. i mean, you can't be obviously if you decriminalize crimes you will have more crime. why don't they get something that simple? >> right. that particular woman had missed

multiple court dates. that is presumably when she should have faced consequences but never did. unfortunately we have a law, the laws of bail reform and discovery laws no longer have an even playing field for the prosecution versus defense. by the way plenty of good reasons to plead cases, to lower the criminals, criminal defendants what they must face. when you have a d.a. like alvin bragg who decides to blanket basically polish criminal law that is the problem. david: he is turning justice on his head. the law is supposed to protect the innocent and punish the guilty. he has it exactly the reverse. you can't go on much longer like that. deneen borelli, good to see you, my friend. thank you very much. stocks trading up just barely on the dow but they're down on the other two indexes. more on the markets when we come back.

david: welcome back to cavuto "coast to coast". i am david asman in for neil cavuto. choppy trading as stocks look to hold onto last week's game and out of bear market lows. it's an uphill battle today. we do see two indexes in the green one is still in the red that is the nasdaq. oil surging to present as the new sanctions against russia. we are on all today as the day that president biden pushes clean energy on the world stage.

the top market story, stocks wavering between positive and negative territory despite good news on housing and durable goods orders, it seems inflation outweigh anything these days. joining the kingsville asset management cio and fox news contributor scott martin and capitalist hedge fund manager a fox news contributor jonathan hoenig. great to see you both. our investors positive about anything these days? >> no, that's a good thing. the data and the attitude, the consumer confidence numbers, business confidence numbers so bad that they are good, it is so dark that dawn is coming. how long does that take it's anybody's guest, even the biden administration and a lot of economic council members they say no recession now maybe not ever at least not during our time in office or other experts

say they have 2023 problem or 2024 problem, the recession is here right now negative gdp growth easy for me to see in q1 we are going to have flat or negative growth in q2, the sooner the recession comes the softer the more shallow and the easier we will come out of it and that we grow again. this recession unlike previous ones that you and i have gone through, not any relationship but economic things they have been man driven, the past recessions. this is supply driven which is a good thing because demand is there we have to get supply and then the economy will grow again and then it will boom once we get that figured out. >> the good news for 13 years a lot of investors were under the misapprehension that you could. monies and you would never have inflation, finally they realized there is a limit to that and i think their willingness to admit to that is a good thing, what do you think. >> that's it it's great to be with you as well.

whatever the future of money printing. right now the market looks very weak in terms of what the dollar looks like. you look at the dollar to be close, the stocks at two week highs, at least for now a lot of the stocks markets preying on making quite weak for the future. david: have stocks found a little bit of a bottom here or is this a pause on the way down further? >> probably both, i think windowdressing end of the quarter type of phenomenon happens a lot. we are seeing that in q2. there are things to be constructive as well i mentioned my previous comments, bear markets do this they take the elevator down in the stairs up or the stairs up and jump out the window. the first thing right now if you're an individual investor you can have these movements where you think things are all

clear and then they possibly are not the azar investors mostly are there are some that are closer to retirement than others a lot of folks that were working with have one, two, three, four year time horizon. there's all kinds of stuff. cloud space, tech space, retail space, consumer discretionary, hospitality, i go on and on even in the close market that jonathan shop sat. great areas of value that folks need to jump onto because this like many other downturns in the market is a tremendous buying opportunity and it's a look beyond the short-term. >> scott thinks that we are in a recession right now not only unavoidable but we may be in one, do you agree? >> yet to look at the markets right here right now looking at stocks the lows are higher when it comes to bonds. look at 15 stocks at two week lows, 40 stocks and to be close.

at least for now more stocks are week then they are strong but looking forward anything can happen. david: the nasdaq is taken on the chin, we had david sachs on fox business a week ago, he is one of the original investors of facebook, google, paypal he's been there. he says it is all dry all the capital is drying up. all of the investment capital all of the venture capitalist is all drying up it's going to be a long time before it recovers, what do you think? >> don't buy it i don't buy the explanation. i think he's right it is drying up but we've seen this, let's look at 2020, it was the desert but as soon as the market or the economy got some footing and stabilized maybe that comes after november after the midterm election may be biden crew and jennifer granholm maybe they figure out energy policy. i know that's a long hope.

the point is things are going to change in capital does dry up but it comes back superfast once the market does and once oaks get comfortable. this is no different this time. david: on the other hand, the nasdaq doesn't look like it's going to come back anytime soon. i don't see a real power we do remember after the.com bust that it was a long time before tech came back. are we in a similar period right now? >> possibly you're right about.com some companies did recover faster than others so i think you might have some positions there google's are way oversold, microsoft and cybersecurity and cloud. similar to financials come after 2008, 2009, never supposed to come back. i love it when stuff looks like it's not what you come back

because it usually does. >> thank you for being here, meanwhile g-7 leaders announcing new sanctions on russia as moscow slides to it is stored that default. fox business edward lawrence is at the g-7 in austria with more on this. >> first time since 1918 russia has defaulted on its debt, they have the money to pay the $100 million of interest on the debt they can't convert into other currencies because the sanctions can't pay their creditors on this. it's a likely not impact russia's economy is being propped up by china and india and to get russia to have other countries got more money. the g-7 is also increasing sanctions ever said imports into the u.s., the leaders will also band u.s. russian goal committed to the u.s. which is a huge export business for russia. the climate a big role at the g-7 germany made the pivot to

restart closed coal plants, he was streamlining regulation to get pipeline approval back online and in the reliance on russia, president joe biden holding firm no changes in energy policy or regulations. >> very important climate and energy receiving how critical this is every day. the entire world is feeling the impact russia's brutal war in ukraine and honor energy markets we need worldwide effort to invest in transformative clean energy projects. >> the progress they are making has led to higher gas prices hovering the u.s. a $5 a gallon last year last time at this time hovering $3 a gallon. in my exclusive interview on friday with san francisco federal reserve mary daly says inflation will last more than a year longer. listen. >> my timeframe to see it come

down that has to happen. we have to see that happen by the end of 2023 seat coming back down 2.5 around that level the president has a number of publicized he shook the hand of prime minister in india, no word on how the president is going to convince the prime minister of india to know and to no longer buy russian oil at a discount. david: by the way in uncomfortable fact that mary daly i remember her clearly saying inflation is transitory a year ago she set up far too long. you have to take it with a grain of salt. thank you very much. >> the tone has changed. the town has now changed and inflation is blasting much longer.

david: even though it might be too late to turn around from the fed standpoint. thank you very much let's get a reaction from group senior analyst and fox news contributor phil flynn. what we know is not working at the energy policy at least it's not working in terms of helping the price of oil is up over 2% despite concerns that were in a recession and now they're talking about a universal price cap on russian oil what's going on has there ever been a universal price gap on the oil production. >> not one that is ever succeeded that is for sure. i call it a fantasy price cap. this is based on the assumption, the new cartel of oil buyers that are buying oil from russia that will say we will still buy your oil but were only going to pay a price that we decide on. usually it takes two parties to play in the game if they came to russia and said were only to pay $50 a barrel take it or leave it what are they going to do, they

are going to be short of oil. i don't understand what they're trying to do. maybe they're trying to look like they're doing something but i think they're trying to get india back into the salt because india says we need the oil we can't afford to play these games we're going to buy russian oil were getting it at a good price nobody seem to be concerned when we were complaining about opec cutting production now were to go along with the price gap. at the end of the day it's not going to work. >> europe cannot survive without russian oil, correct it's that simple. >> that's it. >> they proven that. even our own treasury secretary janet yellen is basically warned them, don't cut off russian oil to quickly because i don't think the global economy can afford it and i don't think the u.s. economy can afford it. that's why it's more distressing that we have the president of the united states basically

trying to double down on green energy investment added time with the world's very critical juncture when it comes to oil supplies. >> i should've qualified by saying maybe europe could have survived without russian oil if we had renamed producing on that trajectory before biden came into office. we can't right now fill that gap never materialize because we were producing enough natural gas anymore. >> we are exporting a record number of natural gas to europe. we could've as well but i think europe has had their hand at their disaster. they have been buying into this green energy thing for years.

they have been going on the carbon neutral stuff, closing pipelines, getting off of oil production and we see what is left them, they become more dependent on russia for supply and they own it to the u.s. could've bailed them out and they are to a large extent but they could've done a lot more if it wasn't for the anti-energy policy religion that is really impacted. david: incentives to produce more. they keep talking they need more supply but they continue to hammer the producers of oil and natural gas and there is now talk among ron klain and advisors about possibly squeezing our offshore drilling even more than we already have maybe even banning it completely. >> that's the talk right now it seems like they want to double down on the bad policy. it doesn't seemed like they are feeling the pain that the american people are going through. they are continuing along the

bad path. it is really shortsighted they think they're good to be able to change the world by themselves. europe is not what you be able to meet their carbon neutral blueprints that is proven by what's happening now for president biden to not change course is a really big mistake. david: by the way were going in the opposite direction of a cleaner environment because were forced to use more coal so are the europeans their opening oil plants that had been shattered because of the fact they don't have enough clean natural gas and that's causing huge problems. we are getting dirtier as a perusal of green policy. it's absolutely contrary and logic. thank you very much, good to see you. challenges by the supreme court's reversal of roe v. wade extended into corporate america. the lawsuit in the legal issues that companies could be looking at for supporting their employees. ♪

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david: corporate america not immune from fallout from the roe v. wade reversal a growing number of large u.s. companies are announcing they are going to

cover travel costs from employees who leave their home states to get abortions fox business corresponded ashley webster has details. >> some of the biggest corporations in the country have immediately offered to compensate employees to pay the expenses for out-of-state abortions. they could pay a bigger price, legal experts and corporations are going to have state laws from state to state but could plan the abortion -related payments violate state bans on facilitating or aiding and abetting abortions, corporations have funded their own health plans could be protected from civil law for untold lawsuits from federal law that regulates employee benefits and the reimbursement policies that federal law doesn't prevent states from enforcing criminal laws so employers to adopt reimbursement policies are vulnerable to criminal charges from state and local prosecutors in the case where employers purchase coverage to a commercial insurer has small or medium companies do, that is

where companies could run into legal problems. that's legal implications apply out it would be very complex. one worker at disney is blasting his employer forcibly getting involved. listen to this. >> i'm sure there's going to be guest who are saying should i pay for it to go watch a movie, to go to the theme parks that will pay for someone's abortion. this is already the policy there is no need for them to come out and send this memo only to make a political statement. >> disney is certainly not alone. they say disney's board of directors is violating its fiduciary jute under duty to shareholders by continuing to comment of the political matters in alienating customers and coming back to the legal issue it's looking like a real quagmire and will vary from state to state. this is an ongoing and developing process for sure.

david: disney keeps getting themselves into these quagmires, i don't know why. thank you very much good stuff. social media platforms and messaging apps are under pressure to respond faster to threats of violence following the supreme court's landmark ruling. kelli kelli o'grady has the latest on that. >> after failing to initially respond to calls for violence against the supreme court justices, social media companies are facing scrutiny of what perceived as a double standard. councilman calling to the assassination of justin thomas after he issued a concurring opinion. activist publishing the home addresses of those who voted to overturn roe v. wade and the racial for # uncle clarence was trending. this tweet was allowed for sometime with other accounts calling on the platform to remove it. other post circulating saying every justices supported the decision should be shot in the streets. many accounts like this when calling to burn down the supreme

court. most users are removed social media giants the purge threatening content counts popping up today especially if the attention on justice kavanaugh critics are questioning why this is been allowed to circulate or avalon b are still bn. the irony as this comes weeks after the supreme court blocked a controversial texas social media law from taking effect. they are warning it could allow for hateful content to run rampant online. this begs the question whether section 230 should be revisited, and choosing what content they are crossing the line between the editor in a platform the latter are not held responsible for what users post but the former would be, regardless of your opinion on the ruling of a fundamental question regarding the role of social platforms town square were not who decides the rules it could be a key question as congress takes aim at big tech. >> i'm looking right now at a

twitter account titled burn down the supreme court. thank you very much voters in illinois head to the polls to decide he did great in the governor's primary as the state high crime stats and high taxes are right in the crosshairs of voters. cannot really change? can the state turnaround? more on that when we continue ♪ ♪

david: primary day is one day away for seven states. illinois high crime and high taxes are a top of the list as they head to the polls tomorrow fox business corresponded grady tribble is live at chicago, illinois where rising crime has been crippling the city.

>> it is fair to say that in the data backs that up republican candidates have been hammering those two issues crime and taxes in the lead up to the primary, to your point about the issue of crime in the city of chicago violate crime is up 34% from a year ago and on the taxes side recent wallet hub study found that state and local taxes in illinois are higher than any other state in the country. take a look at the numbers the wallet hub study found illinois is the only state in the country with state and local tax rates above 15% combined with inflation and high gas prices the voters we spoke to really feel the pinch on their budget and is not just people who are impacted by high taxes and crime it is also businesses can griffin citadel became the third major company in the past two months to leave illinois for

states like texas and caterpillar, florida citadel and virginia for but we. before announcing his own move to florida griffin spent $50 million in support of republican candidate for governor richard irvin he is campaigning as a tough on crime bear he is the mayor and the chicago suburbs. >> there is nowhere where you can feel safe today walking home at 930 at night. we worry about your kids going to and from school that's no way for our city to exist. >> for his part democratic governor claims illinois leads the nation in corporate relocations to the state. he points to kellogg which is one of its headquarters will be an chicago. after last week supreme court decision overturning roe v. wade he says he is the most pro-choice governor in the country so in addition to the pocketbook issues that everybody deals with abortion is also a

top issue as we head to the polls tomorrow here in the state of illinois. david: thank you very much, scott martin, you've lived there 25 years have you ever seen it this bad? >> no it's getting bad after the fact that grady laid out about the taxes, i'm calling the moving company right now. we've been talking about it for a while and we have some things we have to take care of, i look at relocation like what was pointed out about citadel. the funny part what i think the expansive can griffin as grady said he tried to put money into the races, 50 million if you count it right with respect, they try to vilify the guy for basically trying to dominate the election, take over and things like that. he is trying to improve the business climate in the social climate of the city and he gets back for it. that's a problem with the politics.

david: politicians everywhere starting at the top starting with president biden. he says we need oil and then he vilifies the people who produce it. it is so common were you want everything but you're not willing to incentivize anybody to get it or make consequences, lori lightfoot, kim fox came out and said we don't want gun violence, we want everybody to enjoy the beautiful city, gorgeous, it was pointed out one of the comments, people are scared to walk around and nervous and the consequences don't exist for the reform of cash bail that people get out when they commit an aggressive crime they go back on the street, recommit, get out again. how does that deter people from going out and hurting innocent people. >> 34% increase in violent crime i don't think there's ever been a case where year-over-year a 34% increase in violent crime

where do they live by the way, how can they remain in a bubble so totally ignorant of what's happening around them. >> in the city, the great question about that they get security. david: for those who don't know the billionaire, he could afford it himself. it hit very close to home as i'm sure you know gianno caldwell who is a wonderful wonderful person who works here at fox, there he is with his younger brother much younger brother who was killed on friday as a result of gun violence. we don't know all the details. it was the worst day in his existence as he put it. when it hits people do you know anybody personally and was been affected by the uptick in crime? >> a lot of them folks who have

been robbed or carjacked in the case of g otto's young brother, on the south side or anywhere. this stuff keeps repeating and the sad part about it what's great about what gianna said this brings to light some focus that we need on this stuff. unfortunately as you mentioned how bad the stats are when stats get so terrible a couple killings here in a few more carjacking there, and tax those go under the radar because the date is early been shocking so moore doesn't seem to pylon as it used to like you asked me the first question it's gotten so much worse it standard. that's the attitude a lot of folks have and that's gotta change. david: by the way i don't know what pritzker is talking about when they talk about people moving back, with the stats are clear people are voting with their feet there leaving illinois. it's the leader the only thing

that leads in the number of people leaving the states. it's a horrible state. >> they move here for a couple of years, were sorry we came back, by. >> any chance of the republican richard irvin winning? >> i doubt it, he has a stranglehold on the state because of a lot of the history and the problem is a lot of the boats in chicago very liberal and very focus for the democratic side. >> they are going to go bankrupt, you lose the people and you lose the tax revenues and you go bankrupt unlike the federal government you can't. your own money. >> hello detroit. >> thank you so much good to see you, good luck in chicago we appreciate you being here. it's a wild ride for s&p firms but new analysis is revealing good news for companies focused on america bring it home. that is next. trelegy for copd. ♪ birds flyin' high ♪

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david: the push to buy american's knaus extended to the stock market with new analysis from goldman sachs shares of companies with big overseas sales are trailing domestic focus companies. personal-finance reporter gerri willis has the details, by american. >> this gives a whole new meaning to buy american the study showing stocks of companies with sales with the u.s. are outperforming stocks with high international sales and that by a longshot. listen to this. >> normally the s&p 500 has generated anywhere from 42 - 48% of its revenues from overseas operations but that number has been coming down over the last several years with covid lockdown with the challenges in the international environment seen a smaller number is not that much of a surprise.

>> according to the new study of goldman sachs the outperformance is of nine percentage points this year. the s&p 500 companies with domestic revenues are losing 15% compared to companies with foreign revenues losing 24%. the reasons for all of this, a strengthening of the u.s. dollar in the fact that the highest proportion of foreign sales is technology which is been drive down by higher interest rates. revenues from the u.s. account for 71% of s&p 500 sales. the next highest categories are asian-pacific nations 8%, canada at 4%. china and western europe each make 3% of sales. meanwhile only 17% of profits were from overseas. a big change for some of the biggest companies in the country. more american revenues, more american profits.

david: sounds good. thank you very much. then there is the crypto universe. bitcoin struggling to reach 21k even after gary gensler with the security. charlie gasparino has more on that. >> take a look at quinn base this is an emerging story coming out of crypto. i know everybody is focused on the currency themselves coinbase is a publicly traded crypto exchange. it's a largest exchange if you buy and sell bitcoin you do it on coinbase but coinbase is the biggest place pretty got downgraded by the underwriter, 10% goldman sachs today. they're calling for a 45-dollar price target they had a price target of 3 - 5 late last year. that's why you could never trust recommendations up from brokerage firms that bring the ipo.

>> that being said the shorts are out these are the professional traders looking to short the stock they are talking to a lot of reporters. here's what i am hearing from them they think some vibes even in the current form does it have to reorganize in bankruptcy, it does have a lot of cash i think 4 billion it is blowing about 1.5 beginning cash year, do the odds, has some debt, about 6 billion is a 14 billion market cap. you put it all together they announced massive layoffs if bitcoin in diphtheria and some of these big players that they can't hold their current levels. if they go down with a content out, what happens to them the short-sellers are saying this is a place, a company that's really going to struggle to stay out of bankruptcy, one of the things that they mention this is a customer service thing we are going to throw out there. if you have your money at quinn

base is a protected. that should be scary to investors. company came out and sec filing not too long ago and said customers accounts are going to be treated like creditors that mean you're like a bondholder the bonds are trading at a yield of 11%, that is junk bonds. that is signaling bad things ahead. they trade at 66 cents on the dollar. if you were in there with your money and the thing goes chapter 11, how fast do you get your money's. >> we asked coinbase they said they addressed this already, customer accounts are segregated. they're not lumped in with other things, they're not looking for bankruptcy or at least not yet. they're not even thinking that. the thinking of making the

company in taking on cost. they sidestepped the question about where do you stand in line to get your money back. are you like a bondholder. as you know the holders of subordinated are not paid first. david: could go down to 0? >> i don't know i'm just saying if you're at bear stearns remember when they went under and they said your money is safe. here's kind of what he meant. not if your stockholder. if your brokerage client and your money is in there you are protected by civic insurance. you have extra rights as a brokerage holder to get your money back. it won't come tomorrow, it could come in a year but you're gonna get it back probably in your head of other creditors. that does not apply to crypto

exchanges. just keep that in mind if you're worried about this. i'm not saying they're going bankrupt, their bonds are trading and junk-bond territory would suggest 11%. >> interest rates are up. >> and actually down today. >> great to see you thank you very much. spirit airlines plunging around 8% after saying it's going to accept the latest approved takeover bid from frontier, is sweetened its offer adding an extra $2 per share in cash. we'll be right back. this is koli. my foster fail (laughs). when i first started fostering koli i had been giving him kibble. it never looked or felt like real food.

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david: the justice department piling on criticism of roe v. wade with merrick garland allowing states cannot be an fda approved abortion medication. abortion pill so-called. gillian turner is live in d.c. with the very latest. >> the so-called abortion pill is called the separate stone, a hormone drug that is approved by the fda and taken within 70 days of conception it can prevent the development of the fetus in utero, with a couple of hours of the scotus decision merrick garland announce moves to

protect access to this pill writing states may not ban it with disagreement with the fda's expert judgment about its safety and efficacy. in december of last two the fda ended the requirement that it be defense in person at a clinic or hospital. now doctors can actually prescribe the drug via telemedicine appointments and have it mailed to patients. it is sparked intense pushback that say this practice is wildly unfazed. take a listen. >> i don't believe that telemedicine abortions are safe for women to conduct a home there doing unsupervised is a medical procedure. i do believe there should be a supervision in place with that is being conducted by any individual. on the other side of this issue pro-choice advocates like elizabeth warren are pushing the president to go further to protect access to the abortion pill. take a listen.

>> what we believe is the access to abortion like other medical procedures should be available across the board to all people in this country it also means asking the president of the united states to make abortion as available with the tools that he has included medication abortion. >> is important to note the share of american women today seeking abortion via this drug is on the rise across the nation. the cdc reported in 2020 that 44% of all abortions in the u.s. whereby a pill and today i research group is reported that number is up to 54%. that means more than half of abortions in america today are coming via drug. david: thank you very much, virginia lieutenant governor winsome sears joined neil cavuto over the weekend and talked about her states reassessment of abortion in light of the supreme

court's decision. take a listen. >> the democrats went too far so many years, two or three years ago when delegate and virginia proposed legislation, law that you can have the baby up until the time that the baby is supposed to be born and have the abortion. up until that time and that we have the governor, virginia's governor a pediatrician who said that yes you can have the baby after the abortion and will resuscitate the infants and keep the infant comfortable until the mother decides what to do. what are you talking about the baby is already here, what kind of a society would we be if the baby is on the abortion table struggling for life and we turned aside. no we are not going to do that we're going to protect the innocent. david: joy to be now the ceo

jack brewer foundation. jack, i think she nailed it i think the country was realizing the decision was made almost 50 years ago and needs to be changed because of what states have been doing because science has improved and medicine has improved we were approving of and fantasize. americans largely across the board are saying no we can't accept infanticide. >> that's right it's unbelievable to hear you say that. it really is government spiritual suicide. basically righteousness for an entire nation based upon the demonic ideals injured right almost 50 years of the mass abortion i think 70 million plus babies killed. it affects armas vulnerable. it's preying on particular young black women that make up almost 45% of all abortions. it's really a sad deal that

righteousness is on the side of america. i think this is going to start a revival. i'm so happy and proud to see what god has done. to look back in to see how fast this happen. five or ten years ago. it didn't look good for the pro-life movement but now all of a sudden after president trump's appointees, this nation is changed in many ways. david: she went even further winsome sears says imagine, you can't imagine the kkk back in the 1800s suggesting that black baby should be killed in order to reduce the population of blacks in the united states. that sounds like a scenario you might've heard from coming out of the kkk. that is essentially what is happening when you can take into account where medicine has become and because blacks generally get more abortions than whites percentage wise, this is like because in some

cases you're killing babies that could survive outside of the womb this is an attack directly on the vulnerable population. >> it really is, that's a rule this is where it comes from from margaret sanger who spoke in front of the kkk. >> she was the founder of planned parenthood that does most of the abortions in america. >> exactly. >> this is the spirit in which the mass abortion movement came from. unfortunately back in those days she was able to confuse and get some of the leaders of the black community to also support these abortions and all of a sudden you're tying into poverty and economic status and allowing that to determine someone worthy of living, think about that. just because a child is raised in poverty my mom got pregnant on welfare and was on wic to

raise my sister. what are you telling me my sister shouldn't of been born because my mom was young and my parents were poor it's unthinkable to imagine that our nation has really been hypnotized to believe these do demonic things we have so many examples of strong african-american and people of all races who have often lifted themselves out of poverty. that's the reason that people want to come hear from all over the world. it's one of those things where it's time for a soul check, i think this is the time. >> soul check i like that phrase. jack brewer always a pleasure to see you. stay with us we'll be right back an approaching car, a puddle, and knew there was going to be a situation. ♪ ♪ ms. hogan's class? yeah, it's atlantis. nice. i don't think they had camels in atlantis. really?

today she's a teammate at truist, the bank that starts with care when you start with care, you get a different kind of bank. . .

david: stocks taking a new leg down unfortunately and this may be the reason. oil is up about 2%. looked like oil was going to calm down a bit but it is up once again about 2 1/2% right now. time for charles payne to take this market and turn it around. charles. charles: trying to work my imagine jake, david. thank you so much, my friend. good afternoon, everyone, i'm charles payne this is "making money." so after the big beer bounce the market trading a pretty narrow range. lots of questions, recession, inflation. what about the earnings picture? it all comes down to the fed. we have your road map ahead. whip inflation, you remember that old '70s theme. it is back but is it all folly? jim bianco not buying it. he will be here. why ignoring what is important to main street is how main streia