>> this is hilarious, to me, because i think about my couch poe a today toe -- potato at home running around with a pack of coyotes, and he wouldn't last a second. maybe that's my fault. maybe i should be focused on his survival training instead of letting him sleep in my bed at might. -- at night. maria: what do you think, brandon? >> i think this is a perfect movie, in all seriousness, i hope he gets adopted by somebody. maria: we too. it's been great being with you this morning, brandon, kaylee. dow industrials right now down 103. we'll be focused on jay powell at 12:30 in the afternoon today. nasdaq is off again 3 points, extending that huge rally we've seen year to date. "varney & company" is up now. stu, take it away. stuart: good morning, maria. good morning, everyone.

i wonder how many people will actually watch tonight's state of the union message all the way through. i don't think it's going to be a ratings winner, nor should it be. here is my opinion: the president will not spend time the on the issues voters really care about, education, crime, the border mess. he'll attack mega-maga republicans, wicked billionaires and greedy corporations. if you're a glutton for punishment, tune in. we'll have the highlights tomorrow morning. to the markets, relative calm. a big speech coming from jay powell a couple of hours from now. interpretation of what he says could move the market. at this moment the dow's off about 100, minor losses on the s&p and nasdaq. don't like the look of it, the yield on the 10-year treasury keeps going up,.65 -- 3.65 right now. that's not good news for mortgage rates. we have a balloon headline, seen

any other spy balloons lately? how can we spend $850 billion on defense but previous incursions appear to have gone undetected? good question. politics, vice president harris in deep trouble, reeling from "the new york times" article where she was sharply criticized by fellow democrats. biden's supposed to launch his re-election campaign soon. after that article, will she be on the ticket? and where are the environmentalists in now these wind farms are going up all over the place and killing american eagles, not to mention whales. we're on that. tuesday, february the 7th, 2023. "varney & company" is about to gun. ♪ ♪ pressure pushing down on me, pressing down on you ♪ stuart: oh, i know this. the producers picked this

because president biden is under pressure. lauren: yes, he is. stuart: well, we'll play with it. president biden delivers his state of the union address tonight. first off, he's a flashback to what he promised during last year's crease. roll it. >> we are stronger today than we were a year ago -- [applause] and we'll be stronger a year from now than we are today. stuart: well, are we stronger today? biden has faced a growing migrant surge, record inflation, a scannal involving the mishandling of classified document. we're scrolling up the crises on the left-hand side of the screen. will cain is here. will, is the president going to address these the issues or ignore them on the? >> i think your prediction's probably spot on, stuart. you have got to find your enemies, and when it comes to joe biden, the enemy is always the other side of the aisle inside of the united states of america. s it is, as you described, maga republicans. when the truth is what we are

dealing with, he said we will be stronger tomorrow than we are today, we're dealing with a crisis of weakness. and i think that's most acute, most pronounced when we look at, well, our reputation the, our influence on the international stage. i don't think that we need to take one moment, one instance and make it symbolic of everything or blow it out of proportion, inflated with hot air, but the balloon situation does become illustrative. it does show we're just not, we're not the power on the global stage that we would like to the think of ourselves. and we should be. and when we elect presidents, i'm always reminded of this, stuart, we elect presidents largely for their behavior, their decisions, their judgment, their rep asian the on the global stage -- reputation. and right now as we have both chairman xi and, you know, air force generals predicting imminent conflict with china, it's a bad time to predict

weakness and -- project weakness and not strength. stuart: got it. sarah huckabee sanders gives the republican response. what do you expect to hear from her? >> well, the republican party needs to figure out, and i still think this is an ongoing debate, exactly how they propose to handle the problems to of the united states of america on the northeastic -- domestic front. i have no doubt that whoever the republicans choose and within their conference how they handle international affairs will be more competent and stronger than joe biden. but when it comes to domestic affairs, the in-fighting we saw a few weeks ago when it. comes to the house speakership and who they select for 204 the, republicans -- 2024 the, republicans need to begin to the articulate exactly who they are and how they propose to handle the issues of the american people. i think there's a healthy debate going on for several years now

about what it means to handle, to balance conservativism against the populism that responds to an economy, a corporateocracy, to a country that the has lost touch with many of its middle class and blue collar workers, and i would like to the hear from the republican party how exactly they plan to balance those principles against populism. stuart: one thing that will happen which drives a lot of people crazy, standing up and applauding, sitting down, standing up, sitting down. >> yeah. [laughter] stuart: drives you nuts, doesn't it? look, i'm going to be asleep, i'm not going to watch, but i'm sure of it'll be in the highlights. will cain, you gonna watch tonight? >> thanks, stuart. no, i think your predictions on ratings are also accurate. stuart: all right. will cain, you're all right. see you again soon. president biden and vice president harris, they're going to hit the road after the state of the union tonight. good morning, lauren.

where are they heading first? lauren: wisconsin on wednesday. a state biden won in 2020, and the last time he was there a few months ago he was stumping for the labor union. he's going to out job creation. thursday he's heading to tampa, florida, to say how he will protect social security and medicare because republicans want to take that away, remember? stuart: that's not true. lauren: they'll make about 30 stops, mainly in swing states, major blip as the president hay ares out what could be the 2024 announcement. stuart: is vice president harris on the ticket? that's what i want to know. lauren: since she is part of this blip, i would say yes. stuart: president biden's expected to tout the strength of the economy during tonight's address. scott shellady is joining us. the president will claim that the economy is working from the bottom up. do you agree with that? >> well, no. and i think 40% of americans don't agree with it. you saw that poll yesterday from

abc/wapo that said they're worse off than they were two years ago. so 40% think that they feel financially worse off than they did before, and here's the deal, he's basically broken every law of nature. he'll make up his statistics so much so that this is what the speech is going to be like tonight, right? that's i weighed 250 pounds in college, and i gained 300 pounds, and then i lose 150 pounds, he'll tout the 15 is 0-pound loss even though i weigh more than i used to, right? nobody keeps track of where we started, i.e., him touting inflation has always been around. so those types of things, he hasn't got one hinge the right. now, that 517,000 jobs, i'll give you that and the 3.4% unemployment, those were shockers. those things are still outliers. we'll have to wait and see another couple of numbers to make sure those are true. all the clues around what's been happening with this economy,

yesterday with dell, 6600 more jobs being laid off, there are a lot of signs that tell me we're not doing very well, and the consumer's saying it. finish they've drained their savings to stay alive, they've rapped up their concern ramped up their credit cards, they're about to break. stuart: i've got to bring this up to you, treasury secretary janet yellen does not believe we're heading towards a recession. watch this. >> well, look, you don't have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years. so what i see is a path in which inflation is declining significantly, and the economy is remaining strong. and really that's a path i believe is possible, and it's what i'm hoping we'll be able to achieve. stuart: scott, i think she's got

a point there. what do you say? >> i tell you what, i'd like to know what her definition of recession is, because they always change the definitions. and to that point, stuart, i don't know if you noticed on january 1st they said they're going on the changing the cpi calculations. not only will they change the definitions, they're going to the change derivations. the next cpi number very well could be a 4 instead of a 6.5 because of how they've changed it. they're not going to change it to make it worse it'll probably be better, if i was a betting man. so i think when we talk about recessions and the left and the right, they've got a much different definition about what we think it is on the right, and on the right we've got a different derivation of what that the number may be. we're worlds apart, we don't see eye to eye. and i'll el you with real earnings being eaten into by that inflation, americans are clash 6,000 worse off per year because of inflation eating into their wages, and you throw in

interest rate, we're $7500 worse off every single year. that's what those 40% of the people are el thing us. now, if that's their definition of success, i'd like to see their definition of failure. stuart: scott, thanks for el thing me about the cpi, the change in derivation. i kid not know about that. -- i did not know about that. scott shellady, thank you very much. some big tech backers are calling on the president to the address the recent wave of layoffs. lauren: yep. this is the chamber for progress, they represent all the big tech players, and they want biden to lay out a plan to support job growth in technology during tonight's state of the union. they write to help prevent a worsening economic cycle and to maintain u.s. competitiveness during the current downturn, i urge your administration to put forward a plan. the president tonight is expected to call for tougher regulation on big tech players, maybe some antitrust enforcement. but the bar has never been higher, because there's a battle of the bots going on right now.

you have chatgpt and microsoft, baidu out of china has something called earnings now. google has bard. you can't regulate too much or you strangle them, and they're going to the miss this next wav- stuart: good point. lauren: -- of computing. stuart: don't strangle them. don't do a california. lauren: very difficulted to do right now, because they're all cutting back. every single one of them. stuart: tuesday morning, we're down 100 on the dow, small loss for the s&p and the nasdaq. coming up, vice president harris seems to be passing the blame for the border crisis. roll it. >> congress must fix our broken immigration system, and congress must provide the necessary funds for border security. stuart: all right, okay, so it's the congress. i thought, though, that vice president harris was the border czar. president biden says the spy flight did not weaken u.s.-china relations, but it poses the question, an extreme question,

is china preparing for war? gordon chang will answer the question. he's here next. ♪ ♪ hi, i'm katie, i've lost 110 pounds on golo in just over a year. golo is different than other programs i had been on because i was specifically looking for something that helped with insulin resistance. i had had conversations with my physician

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sent to fbi's laboratory in quantico. but we do know now that this operation as turned to an underwater operation focused on the rest of the wreckage that is some 50 feet below the water. part of this is going to really require a lot of technology the because the airship is the size of a regional aircraft. we're talking about thousands of pounds and the debris field is 15 football fields by 15 football fields wide. now, on monday the usns path up finder which is a survey ship began mapping the ocean floor using special sonar and unmanned underwater vehicle technology to locate this sunken debris. naval divers are helping in this process as well to collect debris, they're bringing it onboard the uss carter hall which is an amphibious landing ship. fbi and naval criminal investigative service agents are embedded with these salvage team, and an explosives

ordinance -- ordnance team is also on site. now, this debris is, obviously, being offloaded onto shore, and yesterday the commander of norad and northcom spoke to the press by phone. he said they had eyes on the surveillance balloon before it approached alaska but chose not to the shoot it down because it did not demonstrate has hostile intent. it allowed the military to collect intel using u2 spy planes. >> the interesting opportunity to assess what they were actually doing, what kind of capabilities existed on the balloon, what kind of transmission capabilities existed, and and i think you'll see in the future that time frame was well worth its value to collect. over. stuart -- >> and, stuart, as you can see, it's very calm. yesterday it was very rough. conditions are going to the play a big part as to how long it'll

take to salvage this. they're warning the public if any debris goes offshore, please contact law enforcement, do not take any of that stuff home. stuart. stuart: bryan, thank you very much. president biden says shooting down the spy balloon will not hurt our relationship with china. watch in the. >> [inaudible] >> no. we've made it clear to china what we're going to do. they understand our position. we're not going to back a off. we did the right thing, and there's not a question of weakening or strength, it's just reality. stuart: gore con chang joins us in new york this morning. gore con, the sounds like an extreme question, but do you believe china is preparing for war? >> yes, the signs are unmistakeable. at the 20th national congress in october, xi jinping appointed what's called the war cabinet. of course, he's sponsoring the largest military buildup since the second world war. he is trying to sanctions-proof his regime, and most ominously, he is mobilizing china's

civilians for war. in july i was told that communist party officials came to him and ordered him to switch his production lines from civilian products to military products. in similar orders given to other manufacturers, matter of fact, the communist party is now operating factories once owned by private entrepreneurs because the private entrepreneurs said they did not the want to stick around for xi jinping's war. stuart: why is china doing in this? what advantage do they gain by going to war? >> that's a great question. i think that part ofs the xi jinping must be if see -- seen closing the window of opportunities. also he's made it a question of his own personal legitimatesty to annex taiwan. and when we see this, the chinese military has become increasingly powerful inside the political system, and if you want a historical parallel, this is japan in the 1930s where the japanese generals and

admirals took over the political system and launched world war ii. stuart: that's really an extreme situation we're looking at here. i didn't realize it was that deeply entrenched in china, this military aggression. didn't realize it was there. let me get back to the balloon for a second. was that the failure of the biden administration or the failure of the pentagon, or was it the failure of the cia? who failed here? >> i don't think it was the president's failure. remember, he was only notified on tuesday. that was the fourth day that this balloon was in territorial u.s. air space and canadian air space. obviously, norad had been tracking it well before it approached alaska. this could have been shot down over alaska, over canada. those are uninhabited areas. by the time the president heard about this, it was already close or over the low lower 48 states. so hen to be the military's argument was, well, we can't shoot it down because there might be property or personal

damage. that's not an unreasonable argument. so really this is a failure of two people, in my view. it would be the chairman of the joint chiefs of staff, general mark milley, and the secretary of defense, lloyd austin. they should have notified the president far before they did. stuart: it could be a failure on the part of china because they no longer have these balloons to fly around the world, because they're going to get shot down. >> they can make a lot of these, and they have a lot of them. there's one in latin america, as you reported. they've been sighted all over asia. so, clearly, the chinese have a big fleet of these balloons. stuart: fascinating. gordon chang, thawpg the, sir. see you later. lauren, are former trump officials, are they going to get a briefing on the balloon? lauren: yes, that's the plan according to the national security council. here's john kirby. >> we are preparing to brief key officials, and i'd refer you to the intel community to talk about who those officials might

be and, you know, whether they, you know, whether they've accepted the invitation. i don't want to detail that here, especially since those briefings haven't happened yet. that wouldn't be fair of us to do that in a public setting, but we have reached out to key officials, and, you know, we did that, we did that in good faith. lauren: in good faith. okay. we don't know who, obviously. or the basis for this. there was new surveillance, new detection systems that happened under the biden administration. and because of this, the biden administration's now saying there were balloons flown over the u.s. during the trump the administration, but the trump administration didn't know about it because we have this new technology now. i mean, it makes us feel very vulnerable, right in. stuart: yeah, i guess it does. hawmp lauren i kind of want to know, especially when you look at $850 billion in the defense budget. there's obviously holes in the situation. stuart: check futures, please, wednesday morning -- tuesday morning. very sorry, tuesday morning.

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stuart: futures point south but not by much. cow's off about -- dow's off about 140. david nicholas is with us this morning. fed chair powell, he's going to speak in a few hours. is he going to the move the market? >> when he spoke last week, he was like mr. rogers up there, he was calm and cool. and then the jobs report came out friday, that changed everything, in my opinion. i think he has to walk back that calm nature in this meeting, so i think you're going to see it. the fed is behind, they're going to have to hint that the terminal rate is going of the move higher. you just herald fed president -- heard fed president kashkari this morning, his rate is at 5.4%, so i think he does use this as a time to be hawkish. stuart: this sounds very negative for stocks. am i right? >> well, i think we just need a reset. if you look at the rally last

week, stuart, it was the pretty significant. that 3-day move in the market, i just sat back somewhat in shock. i think the markets need to calm could be, and i think jerome powell will use this as a do-over to let markets know, look, the fed rates may stay where they are for some time, and if the job numbers remain strong, the fed is going to have to do something about that. you're not going to see services inflation come down. in the short term, no, i think there's going to be a pause for markets. stuart: okay. thanks so much for joining us, david. i'm sure we'll see you again soon, and we'll be watching fed chair powell. i think it's about lunchtime, about 12:30 -- 12:40 is it? lauren: that's correct. stuart: all right. we're about to open this market on this tuesday morning, february the 7th. we're expecting a downside move if at the opening bell, and who knows what the market because after jay powell speaks at lunchtime. all right, we're off, we're going, and we're down 200 right now -- sorry, 186.

all over the place actually. if we can see the dow 30, i can get you a sense of the market. yeah, this you go. they've not all opened yet, but those that have are largely in the red are. a lot of selling on the market this morning. s&p 500, where is that? it has opened lower to the tune of, not much, .21%. nasdaq, i think the same. no, dead flat. i think you'd agree, susan, that is absolutely dead flat. susan: yes. stuart: let's have a look at big tech. where are they this morning? microsoft is up nearly $4. susan: i'll tell you why. stuart: oh, i know why. they've got a news event, haven't they? susan: you're listening to powell, i think most of the tech world will be listening in to redmond, washington, for that microsoft presentation later on. stuart: i want to talk about this because this chatgpt is obviously the big, new thing. susan: yep. stuart: do we have a google announcement on it, a baidu announcement and a microsoft announcement on it? go ahead, i'm taking your story away.

susan: this is the artificial intelligence arms war that we're in. alphabet's ceo last night announcing they are starting a new chatgpt exit or the called bard which they are initially, only initially because they have a ton of cash and drive pattern, they're plowing $300 million into bard and a lot more in the future. and you heard pa chai and google and i did on the earnings call last week, service the all about genre generative art official -- artificial intelligence. their initialest thing will only include external select groups, i was a little miffed i wasn't part of the group. i think the timing was obviously imperative, and the reason why he chose last night was because it was on the eve of microsoft's event today, right? we know that their search enengine, bing, will incorporate chatgpt. this is a $10 billion investment over 10 years into open a.i.,

the chanter company of chat-- parent company of chatgpt. this is the biggest thing for tech investors -- stuart: for me, it is. microsoft is up 1.7%. susan: yeah. but think about how bing, if it incorporates artificial intelligence, chatgpt, it could possibly be a google killer. it could maybe search the internet better for you, more predictive results for users like yourself. and in my discussions with alphabet and google over the years, they always paint themselves as the leader in artificial intelligence. have you ever used any of the photoed admit cans on the google pixel -- [laughter] that's a no. that's stu shaking no. but it google said we are the leader in artificial intelligence, it's time to prove it. stuart: okay. what else did you bring? we've gone through baidu -- susan: we haven't gone through baidu because this is the google of china. they're up # 1% because they say

they're launching their own artificial intelligence bot called ernie. they'll likely complete internal testing in march before it's made public. baidu's, what, a third of the market cap of alphabet, only worth $300 billion, but one advantage for baidu and china when it comes to artificial intelligence, they have less strict private data-scraping laws meaning buy cue will have a larger data set. and as you know with a.i., that is imperative in order to get the right thinking. stuart: that's very interesting. let me go back to microsoft and their talks with, they want to take over activision bliss articled. any developments there? >> they did have better all thep 4.5%. here's what i wanted to ask a microsoft investor like stu. you still have a $20 price gap, microsoft's offering $95 to take activision, take over activision. look where activision's trading

right now. the market doesn't believe this deal will go through after the ftc filing in that lawsuit. stuart: market doesn't believe the deal goes true, or -- through, or if it did, that price would be much higher. susan: yeah. but what are the 'em applications for microsoft? if they don't spend that $68 billion. we'll see. stuart: i'd like to look on the bright side. bed bath & beyond, stock's down -- susan: i think the $100 million credit line is probably more important because you get the cash right away, and that's a billion in total. it'll be convertibles, i don't need to explain that jargon to you, but it will likely stave off chapter 11 bankruptcy at least in the short 'em. stuart: so why's it down 40%? susan: service the up 50% in the final hour of trade. might be some profit taking. it was halted several times for volatility, and you do have store closures, 150 more on top of 50.

stuart: show me pinterest, please. i know they reported after the bell yesterday. what's the problem, they're down 4%. susan: i don't think it's a huge problem because they made money, a profit in the final three months, they lost money over the entire year. but people are reacting to their guidance for this quarter, they're only guiding for sales to increase in the low single digits whereas wall street had penciled in a 7 increase. pretty similar to what we saw with snap, right? they did grow active users by 4%. also increase increasing the amount that they get per user, and they're buying back half a billion dollars in stock. and so snap did the same thing. when you say that sales will decline, won't grow as much as what the market had attempted, you get punished in these markets. stuart: can you quickly deal with boeing? tear going to cut 2,000 jobs, but i thought they were on a hiring binge. >> those are to actually make the planes since they had a huge

book order last year, but they're cutting 2,000 jobs in the white collar space and human resources as well. plane orders are still up because of china's reopening, but i i think they're trying to be conservative in cost reductions. stuart: gotta cover microsoft for me, who gotta keep going. susan: do you want to quickly talk about some other earnings? stuart: do them fast. dupont? susan: yeah, it was pretty fantastic last year, better earning, top and bottom line. revenue guidance went up. do you want to talk about -- [inaudible] their revenue guidance was way below stunts and finally hertz is back into focus, going the opposite direction. better sales and revenue to enlast year. stuart: okay. they're up 5.7%. my goodness, some movement today, is there not? susan: yeah, exciting.

chatgpt. stuart: do you drive a harry -- [inaudible] [laughter] -- harley. a former obama aide praised biden despite his low poll numbers. watch this. >> i think what's exciting for folks like me and a lot of others is biden's the most progressive president we've had. all i know is between now and when the 20 the 24 election is an eternity, and i think the president and the administration are doing a great job. stuart: okay. mosting progressive president ever, is that what he said? i would agree with that. tonight president biden's state of the union address. larry kudlow's going to be here. what would his state of the union be? larry after this. ♪ ♪

stuart: all right. we are 12 minutes into the trading session, and the nasdaq has turned north, a gain of 3 points. but the dow is still down about 115-odd points. president biden expected to tout the economic success of his administration in the state of the union address tonight. edward lawrence is at the white house for us. is president going to try and take a victory lap, edward? >> reporter: he's certainly going to the try and push for the credit he deserves or he says that he deserves. you know, we're going to get one side of the story from the president. as you know, there are many different sides, at least two, to every story. the president's going to talk about how the unemployment rate is near historicking lows, he's also going to tout all of the government spending that he has signed into law other the twas -- over the past two years. >> people should feel optimism that because of what we have seen and the progress that we have made, that we know how to keep makeing progress going forward. as you said, we have made a lot of progress. inflation is down now for six months in a row. obviously, a big piece of that

is the gas prices have come down. >> reporter: but inflation spikes starting the month after president biden came into office when he started restricting and discouraging the u.s. energy industry. gas prices also spiked under president biden's energy policies. in the latest fox news polling, it shows 66% of register thed voters disapprove of the president's handling of inflation. 90% think -- 80% think overall economy is fair or poor. the new house speaker, kevin mccarthy, addressing the president directoryly.. -- directly, listen. >> mr. president, congressional republicans are ready to act to save our country and to make america stronger. i hope i you have will join us. you will join us. >> reporter: and the feeling from the president, within the white house is he's not getting credit for the economic successes that he has achieved over his past two years. what americans are seeing and we're seeing in the polling is that it's costing $3-4,000 more for the same lifestyle because of inflation. back to you, stu. stuart: edward, thank you very

much, indeed. larry kudlow's with us the tuesday morning. larry, good morning to you. obvious question, what would your state of the union be? >> oh, i'd love to do that. i would just start in the very first sentence, we need to be stewards of economic prosperity, true economic prosperity. and in so doing, we should cut spending, reduce tax rates, reduce regulations and generate stable dollar for sound money to conquer inflation. we've got to grow the economy at 3.5%, go back to the post-world war ii trend which was over 50 years. right now the economy is slated to grow at best by 1.5% per year for the next decade. that would make the third or straight decade, stu, that we've been less than 2 the %. this according to -- 2%. this according to the congressional budget office.

so, again, limit government, expand the private sec or the, generate more -- sector, generate more economic freedom for everybody. stop punishing success, for heavens sake, and reward good work. that's what we ought to do. stuart: he's going to say i inherited an economy that was in freefall, he's going to say that inflation had taken off before he came into office, and he's going to say i cut the deficit by over a trillion dollars. larry, i don't think any of that is true. >> no. in fact, this state of the union is going to be sprinkled with so many untruths, and you are correct. i mean, look, i was amused late last week. he blamed the inflation on donald trump -- [laughter] stuart: yeah. >> are you kidding me? trump's last inflation realizing was 1.4% for the 12 months ending many january. and for the whole trump administration, it was about 1.5%, i don't know, 1.6%.

no, it was the massive spending that -- i mean, actually, the cost of living has gone up by 14% in two years under biden, and as a result blue collar wages have fallen substantially. i mean, people are losing about $15 a week in a real dollars. you know, that's $60 a month in real dollars for middle income person making $65,000 a year, that's not nothing. that's the soft underbell wily of the entire -- underbelly of the entire biden economy, and they remain in denial about that problem. stuart: am i right in saying that the trump administration in which you served was the only administration for heaven knows how many years to actually close the inequality income gap? trump did that, didn't he? >> yes. well, inequality closed, you're absolutely right. the poverty rate fell.

we had tremendous reductions in the minority unemployment rate. look, middle income people thrived. blue collar workers had the largest gain in typical median family income. we had a better gain than the prior 16 years put together. if so, i mean, i think if biden plays the blame game, if he spouts these i'll call them untruths, he's going to look terrible. he's just going to look terrible. i'm told, i mean, i'm reading in the papers as you are he's going to jack up taxes on successful earners who already pay almost half of the income tax the burden. he's going to raise taxes on the stock market, i'm seeing that old saw. there's going to be a wealth tax. i mean, then the question is what's he going to do about the debt ceiling. kevin mccarthy made a great speech yesterday saying, look, let's work together, but we've got to the cut spending, we've got to move towards a balanced

budget. that's what we have to do in return for raising the debt ceil ceiling. so we'll see if biden wants to play ball with mccarthy or not. we don't know whether they're going to have a second date, stu, you know, maybe go to a drive-in movie or the local kinder. i'm not sure whether they're going to get together again. maybe he'll give us some hints in the sate of the union. stuart: i don't think i could stay awake for the entire presentation tonight -- [laughter] one thing that annoy me is they all get up, they sit down, they get up, they sit down. >> i know. it's good exercise. no, no, it's good exercise. [laughter] the only exercise they ever get, get up, get down. [laughter] stuart: larry, we'll see you at 4:00 ian right here on fox business the afternoon. >> thanks, stu. stuart: you got it. do you remember this cringe-worthy moment from vice president harris while she was in poland? roll ape. [laughter]

or. >> i really love venn diagrams. circles, right? [inaudible] yeah, or they did. [laughter] stuart: okay. it seems that democrats are losing hope in kamala harris. we'll have more on that for you. more than 5,000 dead in turkey and syria after the devastating earthquakes. the desperate search for survivors continues. we've got a report live from the ground next. ♪ ♪ thanks to a deluge of new government subsidies. and while that may not be the best use of your hard earned tax dollars, it does give you a unique opportunity to invest in the mega-trend, even in a down market call today. to learn more about this space and get my number one stock pick to receive your free report. how to cash in on the solar energy boom. call 18778226036 or visit solar boom investor dot com.

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stuart: it is a race against time to find survivors from the devastating earthquakes that hit turkey and syria. the death toll has passed 5,000. greg talcott is in the turkey, the latest, please. >> reporter: we are up close and personal with exactly that, a race against time the. i'm going to step aside, let my cameraman ben show you what is happening right here. we are in the town of mar if, in southern turkey -- marsh, and you see the people there with the digger and the rescue workers trying to find anybody still alive many that crushed apartment building, absolutely pancaked. they have found some alive, they

rescued them today. they're afraid that they found some others who are not alive, but they are still looking, still wondering. if i ask my cameraman ben to switch over to the right, you can show the people watching, waiting, they're wondering. they have loved ones in there, they have family in there. they are concerned. and, again, stu, this has been playing out all across turkey, syria, the region, ask we have many, many dramatic scenes to show you about that. it was a 7.8 on the richter scale earthquake that hit yesterday morning, another one 7.5 came shortly after that, and, yes, the latest figures that we are getting is over 5,000 now believed dead, tens of thousands injured, many, many more missing. luckily, turkey has been the recipient just in the past 48 hours of some major help from the world. 70 different countries pitching

in, tens of thousands of rescue amendment it is are coming in as we came into the country here odd the, stu. we were alongside a bunch of folks who were coming in. we also saw ambulances racing from scenes, and we also saw people working drastically in a panic in hope that they can find people alive, and that the, we're back to me now, stu. that is what we are looking at right now. a lot of worry, a lot of concern, but a lot of people hoping existence hope that -- against hope at what they can find under this rubble, urn this concrete is life. very important all across the region, this is playing out. back to you. stuart: heartbreaking. greg palkot, thank you. a quick check of the markets. we've got the dow now down just 90 points. nasdaq is actually up 1 point, just a point, that's it. still ahead, arizona congressman andy biggs, brian kilmeade, south carolina congressman russell fry and dr. bob lahita

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