>> the second we're hammered in 2022 are way outperforming in 2023. there's lots of opportunities. it's not going to be the disaster that morgan and goldman are calling for. >> they're getting ready and pulling back a bit. the only good news about this is on the federal reserve. does powell see this? does powell appreciate this? >> that'll determine the market for the next two or three months with big tech reports. >> we need to couple ourselves from china. they want to be the dominant

economic power by 2045 and chair challenging the i don't understand and it's a -- i don't understand and it's a difference of va values. united states and it's a difference of values and i'd rather live under american values than chinese values. lauren: 11:00 a.m. on the east coast and almost time to run out of the office in a couple hours and enjoy the weekend. it's friday january 27th and i'm lauren simonetti in for stuart varney. the dow is down and nasdaq up by 13. very good week for the stock market and all three major averages firmly higher on the week, and we're getting information that inflation seems to be cooling so the hope is that this soft landing of sorts can actually be pulled off by the federal reserve. big tech, what's the story there today? most of them in the green. amazon at 101.69. meta at 149.80. google share at 98.27.

apple at 144.84 but microsoft is down 31-cents at 247. the ten-year treasury continues to rise another 3.5 basis points. president biden formally made jeff science as new chief of staff. he'll take over for ron claim next week. he ran the white house covid task force from january of 2021 to april of last year. now this, the president of mcdonalds usa pushing back california's proposal to hike the minimum wage for fast food workers to $22 an hour. in an open letter joe erliger writes, whether you're a lawmaker voter or resident, california has become a dramatic case study of putting bad politics over good policy. he mince nod words and neither does steve hilton and he joins me now.

steve, the president of mcdonalds says this minimum wage hike would make it all but impossible to run a small business in the state. >> of course, i've worked at mcdonalds and the truth is mcdonalds offers just as many restaurants in the category a fantastic first job, a way occupy the ladder for people and that's a great thing for our country. what you do when you put in these absolutely absurd and unrealistic requirements is you price people out of jobs and you've seen in mcdonalds restaurants and others the rise of automation because it's cheaper. this is just going to accelerate that. not just the serving counter but the kitchen. there's another point that i want to make is that california on top of the specific thing about the minimum wage, passed a bill that basically takes you to a kind of 1970s uk-style socialist system where the government and the unions run the fast food sector together

with the company. and they make decisions about hiring and not just wage rates. that's actually the law. that's just been passed. now, the companies are trying to overturn it through a referendum measure. we'll see what happens, but exactly as you said, you have mad politics over sensible policy and it's a great summary of what's going on in every area in area. >> we have a few more topics but does that mean in california a fast food worker would make more than a teach instruct her >> that depends on the exact place but it's not impossible. but what you have to remember though is the teachers, because of the union donations, the democrats have luxury pensions in healthcare and the total cost will be a lot higher. lauren: social media companies might soon have to pay for causing damage to customer's mental health. politico is reporting that lawyers will file a claim next month in california accusing the social media algorithms to

contributing to anxious sighty and depression -- anxiety and depression. you don't have a phone but doesn't mean you're off social media. what's your feelings on this and will anything come out of this lawsuit? >> look, it's a classic way to try and shift the blame because in the end it's a personal responsibility. that's how i see it. exactly you said, people can follow me on twitter@stevehiltonx and my views are there and i don't have a cell phone and not on it all day long. if you realize this is damaging to your mental health and i think it is. that's real. that's true. but it's a bit rich to blame the companies. it's a personal responsibility, and it's a parental responsibility. we need to help parents do what they want to do, which is keep their kids off of this damaging and toxic stuff, especially things like tiktok. will they sue tiktok? i'd like to see that. lauren: well, then let me ask you this, i mean a lot of drugs are sold on snap chat and other social media sites. there was a hearing this week,

that was discussed. is anything ever going to be done to a big tech or social media company to make it safer for especially young people? >> again, i think you can pursue them and they respond saying we're doing what we can. that is what you get when you have an open network but again, the root cause of the problem is not necessarily just the marketplaces that were on the social media apps. the fact you got so many drugs pouring into the country because the democrats won't control the border. you can't blame everything on a few companies just like with mcdonalds. you can't blame just one company company for the fact that actually we do have a problem of low pay in this country. but that is not the right way to address it. lauren: fast food workers are cheering, $22 an hour. >> not when they lose their job. lauren: right, the business can't afford them or much cheaper for them to buy a robot that doesn't call out sick and might work faster. steve hilton, we'll be watching

you on the next revolution on sunday night 9:00 eastern time on fox news channel. back to the markets. i don't want to guess it without seeing it, but they've been so choppy today and it is choppy. you have a split decision, the dow down, s&p down, nasdaq up at 11,531. jonathan hoenig, great to see you. what do you make of it? >> thank you. lauren, it is choppy and it'll be choppy. 1970s to early 1980s and the dow went to 700 to 1,000 five times over the ten or twelve years and now's the time to make the all or none bets but focus on patient and your own contacts and focus on some of the off the radar screen ideas and people have been talking about a tech rebound this year. emerging markets are doing really well and looking at areas like vietnam, indonesia, ets that follow those markets. lauren: which ones? how would you invest that way? >> look, if it's easy to buy vietnam stocks as general electric or cisco for that

matter. you want to do all your own due diligence but given the fact that inflation, i don't think it's gone. we're seeing oil stocks outperform and the dollar drop, lauren. now is the time to look overseas at emerging stocks. lauren: we had a guest on last hour jay hatfield saying this is deflation natural rights approach. i take it you firmly disagree with that? >> you have to look at long term, that's how you make money, lauren. inflation is hiding. i think it's maybe muted, but i don't think it's gone at all. again from the 1970s, it abated a bit in the early 1970s only to rocket back then four or five years later and stocks like exxonmobil, bp at all time highs in many cases that tells me the rise in motty prices ebbed but not over and inflation, it hasn't addressed in dc. it's government spending that

started the inflation and they've not stopped spending but it's abated as economy has slowed and inflation is not gone from the economy. lauren: the story of 2022 and tell me your opinion. i thought '22 was all about how bad is inflation going to get and how do we fix it? the story of 2023 are what are the republican cushions of trying -- repercussions of trying to fix inflation. the fed meets next week. do they go 25, 50? brink at some point, if so, when? what is the story of 2023? >> it's frustrating about central planning, lauren, is that you not have as an investor get a sense of the economy but the central planners going to do. that's rung over and over again and many educators say short term interest rates will be coming down but long term rates likely going up. the old saying on wall street when in doubt, stay out. be very careful now and even more careful with buying bonds than stocks. momentum for stocks is there but the crystal ball for bonds is very clearly in that

specifically because of government spending and government intervention from the fed. >> jonathan, next one. lauren: elon musk, have to get him in. we started the show with elon musk and now we've returned. you have the honor. he made a surprise visited to capitol hill and tweeted about it. he said he met with speaker mccarthy and minority leader hakeem jeffreys and discussed ways to make -- hakeem j jeffris and he is feels good and he's confident and he just dropped by capitol hill or do you think there's more to it? >> why would he want to? i was a little disturbed to see this is elon musk rolling up on capitol hill to ask mccarthy's permission and ask hakeem jefjeffries' position? government is a gun and policeman and has no role in social media or the economy.

the fact that elon is aligning himself -- especially after the whole twitter files thing for weeks. but government is in bed with the private industry. elon is rolling up on their hood? terrible idea. lauren: i was thinking section 230 and maybe they would talk about that. >> i mean, they can talk all they want. section 230 in my opinion has been good for social media and promoted expansion of social media. it's no role in the economy, lauren, and what elon needs to do in my opinion is focus on twitter and exodus of ticessers and users --tizers and users in -- advertisers in many cases. lauren: not hurting tesla, 168 a share. thank you, jonathan. >> still down 50% year over year. lauren: thank you for the perspective, you're 100 per right. let's continue to look at some individual names. good year, the tire company, they're laying off 5% of their salaried staff. that's about 500 workers. all part of a restructuring plan in response to inflation and

weaker demand for cars. look at defaults on auto loans, more than it was in 2009. the layoffs are expected to happen at good year tire during the first two quarters of this year. ford calling back 462,000 vehicles over problem withs their backup cameras. ford says the touch screens may not display the camera's image when backing up. that could increase the risk of hitting something. the recall affects certain ford explorers, lincoln aviators and corshares. the u.s. department of education fully approved more than 16 million people for federal student loan forgiveness. in august, president biden said he would forgive at least $10-$20,000 for millions of loan boar lowers. more than 1 million borrowers have been approved and the relief for the rest of

16 million is on the supreme court's decision scheduled for late february. coming up, video proof we're nowhere near robot takeover. boston dynamics, the robot company are showing off blooper reel. it's hilarious. just a few months ago celebrity investor kevin o'leery said no evidence of pending recession by hags he changed his forecast since then? o'leary was an ftx spokesperson and more can be seen from the collapse reverberating throughout the industry. we'll deal with that, next. ♪

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lauren: i think we get paid on thursdays but a lot of people get paid today and that's a beautiful shot of the empire state building. no, the building on the left is not ugly as stuart varney likes to say. it's a cool 40 degrees in new york city today. former ftx spokesperson kevin o'leary believes there'll be more collapses like ft -- collapses like ftx to come. welcome. >> great to be here. lauren: why did you say that? >> it's very simple, there won't be a change in anything until we get regulation in terms of the kind of nefarious activity that goes on on unregulated exchanges and every week there's another bankruptcy because there's a lot of tokennization of worthless assets and that's basically the way to look at it.

if there were regulation, you couldn't take an exchange and issue tokens that aren't worth anything and make people buy them to get trading discounts and try and put a multibillion dollar valuation on them. that was the real demise of ftx and other exchanges. genesis filed for bankruptcy but in a way this is all good. we're going to get rid of all of this fluff and all of these bad actors and all of this bad policy because the code itself after all, bitcoin and tokens are just software. there's nothing nefarious about software but the policy we lack to make sure we play by the rules so i'm very optistic and senator toomey retired and we have a opportunity as america to create digital currency and payment system that the whole world used backed by the u.s. dollar. we just need policy and regulation. that's the first step and this is actually a turning point. all of the bankruptcies will go

away and last point is my guess is if you go five years up from now, all of the players that are involved in the industry now won't be there. 90% will be gone. they don't know how to make money in a regulated environment. new regulations will come in like the banks and everything else and run this into the industry and i believe it'll become the twelfth sector of the economy. i'm very happy about that, and i intend to be there and i want to be a participant but a regulated participant. lauren: i believe you lost $15 million with ftx. is that number is correct -- >> that number is close. lauren: you're not scared? >> it's actually $18 million. but who's counting. lauren: 18 million and you'd go back in as crypto currencies can be the twelfth sector of the s&p 500? you're confident enough to go back in if it's regulated? >> i am back in. i bought bitcoin after it pressed the bull 17,000 and own polygone and involved in many other projects and i'm a believer in the technology.

i'm not a believer in unregulated chaos, but i like the technology. this doesn't change anything for me. i get up in the morning and support entrepreneurs all over america and continue to and adventure capital and we should talk about this and people should realize ftx and many are venture capitol and eight out of ten fail and two you make all your money on and they fail for different reasons in the case of ftx, alleged fraud and one of the eight out of ten. it doesn't change the potential of america and the potential american innovation and the potential of leading in the software initiative and this industry that'll go so big globally. yes, it's unfortunate but it doesn't change anything. these situations will work themselves out through the bankruptcy courts and the narrative on ftx now is about recovery. that's what's going on and people trying to figure out how to get assets back and that makes sense to me. lauren: you have your finger on the pulse of small businesses and innovation. what are they telling you right

now? what are you seeing? are they spooked because of high rates and slow down in the economy to keep pursuing their dreams and goals, borrow money. >> no, there's a really interesting narrative going on and i call it the competition of states. you've been covering this story for months now. let me give you an example. new york, california, these were the hay day years and nobody wants to do business in the states anybody. let me give you an example. if i deploy capital, i'm putting it -- my next $45 million into north dakota. why in stable policy, fourth largest gdp in america and massive tech center and a very probusiness governor in bergham and policy that makes sense for money. why would i put that in new york

or massachusetts or california? i don't think they're in business anymore. why wouldn't i put it in a place they want the money or grow it. you can get your kids in school in inside n. my new head -- north dakota. this is something that people missed in the post-pandemic economy, 40% of our staff and all companies work remotely anyway. i can put headquarters anywhere so why put it in massachusetts where you're penalized for success. if you're a successful entrepreneur there, elizabeth warren's policy supertaxes you and punished for success. i'm going to go to north dakota. forget that. we've launch add new fund and funded by the treasury. sorry. lauren: tell me about the fund. i interrupted, i apologize. >> no problem. the u.s. treasury awarded north dakota $45 million. north dakota looked for a manager to manage it. i did a deal and this is remarkable it's as far back as shark tank, it was called prx gym equipment in fargo. i'd never been to fargo before.

the company went from 0 to $50 million in sales in a matter of months as people started moving into smaller condominiums and started buying gym equipment from them. it's one of the most successful deals in shark tank history. so do i love fargo? very much. i met the governor and i met the commissioner, and we started talking about what else could we do. then the treasury grant was given and now o'leary ventures created the wonder fund, and i'm promoting it and want anybody that wants to do business in north dakota or move their business to north dakota to go to o'learyventures.com and post your deal there. i have money for you. let's grow in a place where they want our business, where taxes are stable, regulatory environment is very pro business. lauren: florida, texas, tennessee, they all want your business too. the carolinas. >> and they have it. where do you think i'm sitting right now? my headquarter in florida. my headquarters in miami beach. i love texas and florida and

oklahoma and montana. but north dakota has got so much energy and such fantastic policy that you can do so much in all eleven sectors of the economy there, and that's where i'm focused right now. this is a new change, a competition amongst states. why do you think florida real estate is so high? everyone is moving out of new jersey and new york and massachusetts. i seem them on the streets here every day. this is healthy for america. we don't want to promote bad policy. and the way we do it is vote with our dollars and get out of massachusetts and let's get to north dakota. lauren:en joy florida? enjoy north dakota. kevin o'leary, thank you for the time. i've been once and didn't enjoy myself. thank you, kevin. forget the bar, where you go to get drinks. single women are looking for dates in the aisle of the home depot. just in time for valentine's day. is the latest diy trend going

viral on social media? yet we're going to explain. and the milwaukee bucks are celebrated pride month with a drag show at half-time. some basketball fans are crying foul since children were in the stands at that game. jimmy fayette -- jimmy failla io take that on walking in studio now. we'll be back. ♪

lauren: calvin harris and miami. i think of him when i think of miami. little grand market unfortunately but it was a green week for all three major averages. intel is the problem today. not really affecting the nasdaq too much but it is affecting the dow. dow is down just slightly and nasdaq up about 40 points. s&p higher by a bit as well. like i said, winning week, fed meets next week. cvs and wal-mart cutting hours at the pharmacies and ongoing

pharmacist shortage explaining long lines. about two-thirds of 9,000cvs locations will adjust their hours starting in march. wal-mart plans to close their pharmacies two hours earlier, 7:00 instead of 90:00 p.m. and a wal-mart spoke -- 9:00 p.m. and a spokesperson says we're making this change not only to enhance work life balance but maintain the best level of service for customers. wall greens and rite-aid announced changes to pharmacy hours and the line has been pretty long lately and i'm not the only one that noticed. this, a new york times editor has a warning as meta re-instates donald trump's facebook and instagram pages. >> you don't want to whether you're a company or a institution, you don't want to hand over the keys to democracy to have someone destroy that democracy. do you want to be that institution that really helps take down the country? i mean, this is a business so,

yes, it's a little bit different than a public institution, but we should still be asking the moral question. lauren: jimmy failla, i'm thinking of mark zuckerberg's head growing so big. i can take down democracy. >> the ally to the anti-trump crowd, everyone has a friend that complains about someone at work so much that you eventually realize your friends are the crazy one. that's what it is with trump. the people that complain about trump so much, eventually you come to realize they're the crazy ones. like anyone going on facebook is not handing them the keys to democracy number one. number two, if you're familiar with facebook, no one in history of facebook has ever changed anyone's mind. that's not how facebook works. lauren: how does it work because i'm not on it? >> they don't read your post and go, you got me. the argument starts off that america needs to have a conversation. lauren: you're ugly. >> i'm in favor of border

security. well your wife's a hoe. lauren: geez. >> the idea of him going will somehow con joel facebook users that their theory is crazy and needs posted as such. lauren: he hasn't posted yet. >> no, but they need him to. lauren: the money. the milwaukee bucks are cashing flak after having a drag show during half-time of their pride night game. this was wednesday, watch. lauren: if you're a parent and have your kid and you're not expecting that you're having a conversation you're not ready for. >> a weird conversation. i'm used to awkward basketball conversations because i'm a

knicks fan. why aren't they trying and how come we never win? i have to explain things. never why there was a drag show at half-time. this has become a weird form of recruiting on the left. we're calling it out but that is what it is. it's no different than going to a movie. if you go to a movie and watch like spider-man, every kid leaves wanting to be spider-man. that's how they do it with drag shows. i have nothing against them and i've been and know women that had bachelor retrocochlear parties at -- bachelorette parties at drag shows but that's a different thing than at a basketball game half-time show. i believe it. let me be clear, i'm not even a good parent and this is bad for kids. my kids get great grades and throwing one in spite of it and that's fine. lauren: jill biden is getting criticized after she blocked reporters from asking her husband, president biden, questions about the classified

documents. watch. >> no questions, thank you. you're going to come up here. nope, i would love that costume. come on up, joe. you're not going to dance, believe me. we don't want to ruin the evening. lauren: jimmy, the press secretary said reporters got plenty of chances to shout out questions at president biden but it didn't really seem like it. i give her credit because she's good. >> she play as lot of defense around him to her credit and in this case she had to because the easter bunny wasn't available. remember that white house press event when they started asking questions and literally the easter bunny grabs him and like, dude, get out of here. the best part is republicans got this wrong. they were like even the easter bunny is interrupting biden. that wasn't my reaction and my take away is biden looks like he met a talking bunny but not that there's a person in the costume.

he looks like wow, a talking bunny. lauren: he needs jill and someone to guide him, to hold his hand, give him direction of where to sit. >> i laugh at everyone who thinks he's running in 2024. god love the man and wish him no ill will. he won't be running a 5k in 2024 let alone the country. lauren: i can't run a 5k. >> stop it, who you talking to, me? lauren: we should try. >> i can't even watch a 5k, but maybe a 3k. lauren: boston dynamics are the robot people, they're known for pretty sophisticated robots that can dance and do flips but they often share videos of robots also doing bloopers. this is the robot blooper wheel. plenty of errors. just keep watching, it's great. these are trial and error, the robot fails to do the common task it's supposed to do. that looks like it hurts. ahh. oh my goodness. this made me feel better though.

everybody messes up. >> this is why they do this to make you feel better. they want to divert your attention away from everyone's concern these robots will take over the world and kill us. lauren: i'm concerned. >> they'll take over the world and kill us and they're trying to reassure you by showing you the bloopers. but believe me, they have like three of these bloopers and about 3 million of the robots being like give me your stuff. that's where this is headed and i'm not -- i have not been bamboozled by what you showed me. lauren: have you chatgpt jokes yet? >> that's a thing with creatives but no. comments are talking about it specifically. people are trying to do it to be honest with you. lauren: the robots are taking over. >> i would prefer colbert has chatgpt than whatever he's putting on. lauren: jimmy, thank you. new york city is sounding the alarm about the opioid crisis. roll the tape. >> if we don't stop the fentanyl and opioid abuse, it is going to destroy generations to come.

lauren: we're bringing you adam's plan to fight the fentanyl epidemic and eggs are so expensive that some people are raising chickens just to save a few bucks but you don't need to buy the birds. you can rent the chicken instead. jeff flock is trying it out right after this. ♪

l your bank robbery bill is going -- lauren: your bank robgrocerybill is going up by ad

fats and oils going up 17% and say it ain't so but even bakery items, those are going to increase by 12%. that's not all, the cost of dining, dining out, going to restaurants, that'll go up by 8.2% so if you shop for food at home or go out for it, it's all expensive and price haves risen dramatically over the past two years. there's no relief in sight. price of eggs, we don't have to tell you they're up 60% in the past year. we will tell you this, the drastic measures people are taking to save money by not just raising a chicken but renting a chicken. jeff flock, you rented chickens to do this story, how does this work? reporter: this is my chicken right here. isn't this exciting? it's just a rental, okay. but, yeah, it's my chicken for the moment. phil tomkins, rent the chicken

is your company. you roll into town or into my yard with a premade chicken coop. >> that's correct. reporter: complete with chickens. >> yes, that makes you a chicken tender because you get to take care of them now for the next six months. reporter: that's a new one. that's the thing, this is a six month contract; right, and how much does this cost me? >> it starts around $500 depending on where you live and -- reporter: but it's for six months and all the eyes i can eat? >> that's right. reporter: can we look inside. i'll take this and show me inside what this chicken coop looks like. >> sure. we've got a food dish here on the left, a water dish, there's a spot upstairs for them to sleep at night, and a place for them to lay their eggs. reporter: amazing. you say a place for them to lay their eggs. come around here. hey, whoa, knock it off. hey. quit that now. don't get crazy with me. >> all right. reporter: okay, that's good. anyways, sorry. where the eggs come out, well we know where they come out of but

where they come into is in this nest up here and there you go. that is a fresh egg. i want to show before we get away real quick, can you crack this one because it's fascinating to me how orange the yolk is on a fresh egg. >> yeah, if you look at this egg, you're going to notice that the white part called the albumen, there's a couple different layer there is and this yolk, how orange and it's risen up a lot. this makes it when you're making, when you're cooking that the white doesn't go all over your pan. you did a taste test. what do you think? reporter: i may be imagining it, but, lauren, they did taste better to me because i compared one to an egg i bought at the store. so, yeah, i don't know if this saves you money in terms of high cost of eggs, but it's not all about the money, is it? >> no, we've got veterans suffering from ptsd that we roll this coop into their backyard

and have empty nesters that have chickens, it's about the family, it's about companionship. reporter: i'll send one to you, lauren, if you'd like. lauren: did you name the chicken? the name of the chicken? reporter: shirley and laverne. >> that's right. reporter: they were named before i get there. lauren: jeff, shirley, laverne, and your friend there, we thank you and have a good weekend. reporter: you too. lauren: from chicken to beef. do you know where your beef is coming from? not the grocery store, the country. there's a bipartisan group of lawmakers that are pushing for a country of origin label to be slapped on beef products. the royal trade organization has previously rejected those labels, but lawmakers say, look, they provide more transparency for shoppers. take a look at dow 30 to get a sense of the markets and the choppy trading we've seen today and maybe slightly more dow stocks in the green than in the red. american express, way on top,

intel all the way at the caboose over there. small town in rural new york is getting overwhelmed with migrants and they're getting no federal help and they don't know if their infrastructure can handle the surge. lawmakers now demanding help. they're demanding answers from the white house, not sure they're getting it. that's coming up. ♪

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with no line activation fees or term contracts. saving you up to 60% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. lauren: this was a favorite story among the staff here. a new dating trend on tiktok, single women going on a shopping spree at home depot. there's videos of women walking around the store pretending to need help so they can attract single and handy men. home depot dates has more than 3 billion views on tiktok. i think it's a little bit desperate yet creative. new york city will require uber and lyft to have zero emission fleets by the year 2030, seven years from now and part of the city's climate push and uber said reducing emissions is a goal we all share while lyft

says it was excited to partner with the city on this journey. earlier this month new york city announced $10 million in federal grant money to replace fuel powered vehicles with electric vehicles. new york city will also be installing 300 new chargers across the city. let's see how the stocks are doing today. uber and lyft are both up actually nicely so when you're looking at lyft. it's up 3%. uber is up just a fraction now. now this, lawmakers in new york stitt are demanding a -- state are demanding answers from the biden administration after dozens of columbian migrants arrived in the small town of james town in up state new york. joe burelli is down state now joining me. how did all the migrants get up state? >> that's a good question and one that the biden and hochul administration have to account for. we know and have a good idea of

how much this problem is costing new york city taxpayers when you extrapolate the same numbers in a county like supra aural shoto, most viewers can't spell let alone know where it is and james town is very small and cannot digest the millions of dollars these people will expect to get spended in their favor. lauren: we had an official in yuma county, arizona, small town but big by these standards, 100,000 people, and the hospitals there are running up $22, $23 million tab of unpaid bills that cities can't absorb it yet you have, joe, aoc who doesn't think the white house's border policies are soft enough. roll the tape. >> the right to seek asylum is enshrined in domestic and international law and the united states is a shining example. this administration is effectively impossible to seek

refuge at our border. president biden should listen to the courts and human rights actiactivists and reverse cours. lauren: your reaction, joe? >> take just the first part of what she said. she's absolutely right. people do have the right under u.s. law to seek asylum in this country. we welcome them and just think back to the trump administration when tens of thousands of asylum seekers went through the process legally and were able to be absorbed in our societies. that's not what's happening now. what's happening now is unregulated mass confusion at our boarders, which is now having the downstream effect of putting pressure on municipal and state budgets everywhere in the country. unfortunately is the problem is not the policy is not soft enough but too soft. we need a regulated and controlled way to vet people who are here for asylum and there are some people that are genuinely here for asylum. there's no question about that. without a process in place, without restoring the processes in place just three years ago, we're not going to see any

relief. lauren: yeah, the mayor of new york city, eric adams, he's urging the state to stop he calls it sleeping on this fentanyl crisis and it's destroying the cities and killing 200 americans a day. what can new york do, joe? >> where he will, look, we have a -- well, look, we have a problem related to the migrants. fentanyl is not pro produced inw york state or new york city or produced even in the united states of america and it's coming across the border. having a tight border for migrants is also having a tight border for fentanyl and it's a problem that he's right about this and infecting our streets and lost 2300 new yorkers last year to fentanyl overdoses and that's more than we've lost to gun violence in a month anywhere. it's becoming more of a problem, and it's becoming sort of the new crack cocaine epidemic and the new heroin epidemic. unfortunately though new york city and state, they actually are treating the problem with forbe give me for saying this -- forgive me for saying this but trying to pass the joint in both

direction. illegalize fentanyl and punish those for deuto distributing it but legalizing pot and upping our tolerance threshold for other drugs like mushrooms and more. lauren: joe, good to see you, have a hard break here. quickly time for the friday trivia question, how often does a full moon occur, 6.5, 8.5, 29-point days? we'll have the answer.

>> how often does a full moon occurred. six and half, 13 a half, 20 and a half or 29 and a half 329.5 days. the next full moon is bayberry the sixth february's bull moon is known as snow moon because it typically snows around that time of year. i thought intel would be the reality for the stock market is been choppy trading but pretty decent for the stock market. that is it for "varney & company" "coast to coast" now. neil: we ask the darndest questions remember elon west showed in washington to meet with the house speaker kevin mccarthy and hakeem jefferis