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♪ because you had to be a big shot , did you ♪ ashley: oh, the great billy joel "big shot" good morning, everyone. a good look at the nations capitol it is 10:00 eastern i'm ashley webster in today for stuary varney. let's get straight to your money and check on that and as you can see the markets lower this morning but very muted. the dow essentially flat just down 14 points, the s&p down one -third and the nasdaq down a little over half a percent. let's take a look at the 10-year treasury yield. it was down a couple of basis points, now it's essentially flat. the yield on the 10-year at 3.67 %. taking a look at the big tech numbers for you. microsoft still moving higher. the only one of the bigger tech names up 1.5% but apple, amazon, meta, alphabet. alphabet down 6% right now and take a look at the price of oil by the way. that is up very slightly, $0.66 at $77.80 a barrel. okay, now, let's get back to the

state of the union. president biden continuously repeated one specific slogan during his address. watch this. >> we've been sent here to finish the job. we've got to finish the job. let's finish the job. let's finish the job. let's come together to finish the job on police reform. ashley: okay, so, i guess what he's saying is let's finish the job. liz peek wrote a piece about that line right there. she says it's unlikely that biden's rambling state of the union inspired americans, stu, to finish the job and liz peek joins us now this morning. liz, great to see you. your reaction first to the president's speech last night. >> ashley? joe biden had a really difficult task last night which was to present the state of the union as strong when it isn't strong, when 75% of the country thinks we're on the wrong track, consumer sentiment is in the

gutter and his own approval ratings are really in trouble, the state of the union is described by a lot of people at a recent cbs poll as divided and weak, so does that sound like a strong state of the union? no. when you don't, when you're not winning, when you're agenda is not working, what do you do? you lie about it and unfortunately that's what he did last night. ashley: you know, it's interesting foxnews.com interviewed some speechwriters. david wilsol, who was a speechwriter for mike pompeo said, "hardly ever has a president said less in more than an hour of speaking than joe biden did last night." i'm assuming you'd agree with that summation. >> i do. he talked about everything and nothing. there was so many, as somebody said he didn't talk about the border or inflation as much as he talked about baggage fees and that really kind of, it was all these small discussions that were totally boring. i mean, i don't know about you.

my biggest challenge was to pay attention and not get riveted on the yellow dress that kyrsten sinema was wearing on the kiss between the first lady and the second gentleman. i mean, it was really an awful speech i thought. ashley: all right, we'll have to leave it there. i could talk to you all day, liz but thank you so much for joining us this morning we appreciate it. meantime -- >> thanks ashley. ashley: thank you, sarah sarah huckabee sanders gave the republican response to biden's state of the union. lauren: she started by pointing out the stark contrasts calling joe biden old and woke, ashley, listen. >> you and i were put on this earth for such a time as this to charge boldly ahead. i'll be the first to admit. president biden and i don't have a lot in common. i'm for freedom. he's for government control. at 40, i'm the youngest governor

in the country and at 80, he's the oldest president in american history. i'm the first woman to lead my state and he's the first man to surrender his presidency to a woke mob that can't even tell you what a woman is. lauren: bam. that was the pivot into the culture wars and a rebuke of the radical left that she says is driving the white house and then i stuck on this , ashley. she called for a generation, a new generation of leaders and i wondered. i was like hmmm. does that also mean trump? in the new generation, right? ashley: new leaders, yes, i've got to say though it was a very strong rebuttal. i enjoyed that speech very much and lauren, by the way it seems like wall street is starting to love the possibility of a ron desantis run in 2024, right? lauren: well the big players are taking him seriously enough to game plan what stocks would do

under a president desantis. strategis research naming winners including lockheed martin, raytheon, bigger defense spending, core civic that operates prisons desantis will be harder on crime, sof i'm tech will benefit when students start repaying their loans, imagine that? they listed jpmorgan as a winner , because they see its ceo jamie dimon as being anti-woke, and conoco phillips. one point though their stock price has doubled under president biden. here are the losers, big tech for exposure to china and stifeling conservatives. pfizer and moderna, the vaccine makers, and blackrock, because they invest too much in esg. oh, and wait the last one be disney and you know why, ashley. you know why more than anybody. ashley: yes, indeed. [laughter] don't live too far from the house of the mouse. all right, lauren thank you very much by the way disney reports after the bell today so that should be interesting so let's

get back to the markets. we are moving ever so slightly lower after a nice rally at the end yesterday. let's bring in lou basinese had s to talk about the markets and i guess the question everyone is asking is the bear market over. what say you? >> my crystal ball says the bear market and biotech is definitely over so the bigger indexes we've been on in recent weeks talking about big tech being vulnerable but if you look at biotech which is the most speculative area of the market where people take off risk first that happens. the index, the xbi came down 65 % one of the biggest sell-off in history from february 2019, but since may of last year, the xb i'm rebounded 46% so you're seeing biotech come back to life, which makes imminent sense. these are companies that aren't making faddish things like cryptocurrencies or the latest social media. they are making cures and treatments that really matter so you're seeing really good data. there was 200 companies trading

below cash so they were way over sold. good data is leading to big stock gains. there was good data non- alcoholic fatty liver disease drug and stock almost went up 300% on a single day so that is a good harbinger of things to come. ashley: and you say the tech session as you call it should be celebrated, you call it a healthy reduction, right? >> i do. i think what can get lost in the headlines of microsoft laying off 10,000 and alphabet laying off 12,000 is how many jobs they added during the pandemic. i mean, amazon is just the poster child of this. they are laying off about 18,000 this year. they hired 750,000 employees during the pandemic, so it's just a natural over-expansion and kind of trimming the fat. now, obviously, i want to be sympathetic to the people actually losing their jobs. that's not a great thing, but if we look overall, tech employs about 2% of the overall economy. they account for a big part of the stock market but if we saw a

big lay off in like leisure and hospitality, which is about 11% of overall economy, then i be worried but i think last week 's job report shows us that the labor market is raging strong, regardless of the headlines and the fear mongering in the tech sector. ashley: and quickly, lou, i'm glad you mentioned that report. fed chair jerome powell said the strong jobs report shows just why bringing down inflation will take longer and could be perhaps more difficult. what do you think to that? >> thanks, captain obvious? i mean, come on. ashley: [laughter] >> we're looking for leadership here, right? everyone knows the strong jobs report means they have to fight inflation more but at the same time, we're seeing prices come down, so the feds in a very precarious situation that i don't think many people have confidence in them navigating but i would say this. couple weeks ago everyone was talking about the potential for rate cuts in 2023. i think those are completely off the tail and bond markets reflect that. ashley: i think you're absolutely right.

lou, you're not captain obvious , you're very smart. thanks for being here this morning we appreciate it. lauren, bring you in now looking at some of the movers. let's begin with trip advisor. lauren: up 7.5% double upgrade to buy at bank of america. they say the travel stock can surge 60% as consumers book more experiences. so i guess we're not over the travel bubble just yet. take a look at lumen, a telecome big miss in their quarterly earnings report, down beat forecast for revenue and free cash flow. the stock is only four bucks but down 18% and this one is for you , ashley. manchester united shares up 14%. there's a report that a group of private and high-wealth qatari investors are planning to buy the league. we're hearing bids could top $ 7 billion and of course, qatar hosted the world cup. ashley: they did.

lauren: what? ashley: the future of the premier league. just take it as i've got it right. all right lauren also twitter, unusual whales just launched a new investment fund. what are they going to do lauren: they make lawmakers trade. they named one of their funds na nc for nancy pelosi that copies the democrat lawmakers trades and then the other one cruise copies republicans, so lawmakers their trades are coming under regulatory scrutiny , we know that, but they do have 45 days to publicly disclose what they bought, what they sold, and once they do that , unusual whales will mimic them, so there is a gap but essentially, you can see what your elected officials are doing and copy them should you want to ashley: mimicking whales gotta love that story thank you very much, lauren. now this. the irs wants millions of people

to hold off on filing their tax returns over concerns about confusion over state benefits. we're going to tell everything you need to know about that if we can. republicans heckle president biden after he says the border crisis won't be fixed until congress acts. roll it. >> american border problems won't be fixed until congress acts. fentanyl is killing more than 70,000 americans a year. you've got it. ashley: it's your fault, uh-huh, act or dhs secretary chad wolf is on the show reacting to the president's blame game. texas law enforcement busted a fentanyl lab in houston masquerading as a car rental business. the suspects are believed to be connected to a mexican drug cartel. bill melugin, who else, has the full report from the border, next.

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it makes you go through your days with energy, and you're not tired anymore, and your anxiety, everything is gone. it's definitely worth trying. it is an amazing product. ashley: the markets spinning its wheels a little bit right now. the dow just down well 18 points , s&p down a quarter percent, same story on the nasdaq, so same as you were almost from the beginning. texas dps just made a major drug bust in houston. they apparently uncovered a fentanyl lab that was posing as a car rental business, can you believe? bill melugin is at the border in mission, texas. good morning, bill. was this the mexican drug cartel connection that we've been hear ing about?

reporter: ashley, good morning to you. texas dps is still investigating but right now they believe this fentanyl lab has some sort of a mexican drug cartel and we'll show you what they found. take a look at these photos. this is northwest houston. texas dps and houston pd busting this fentanyl pill lab inside a car rental business and take a listen to what they found inside of it. 17 pounds of fentanyl precursors shipped from china, one kilo suspected counterfeit x anax pills laced with fentanyl, oxy pills laced with fentanyl, one pound of meth -laced aderall pills, three pill press machines, pill press die molds, three pistols and a rifle, that's a mouthful and as you mentioned they do believe there's some sort of nex us with the mexican drug cartel but four suspects were arrested as a result of this bust, but as of this morning, i checked the jail records. all of them are out of kudlow as

of this morning, and then we'll take you out to lasalle county, texas take a look at the dps video chasing a human smuggler on i-35. lasalle county is not on the border. it's inland and just goes to show what texas deals with everyday all over the place but this smuggler had eight illegal immigrants inside of his vehicle it pulls off the road and everybody goes bailing outrun ning off in all directions climbing over fences. dps call everybody, and they were taken into custody. lastly take a look at images out of el paso. border patrol finding a group of 30 illegal immigrants in the storm drain system under the city in an effort to evade. we've seen this happening here in the rgv area where we are as well but sometimes these migrants will go into the storm drains in an effort to escape apprehension from border patrol. did not work out for this group though. back out here live, once again, just about an hour ago, we witnessed another group of chinese nationals crossing

illegally right here in mission, texas . this time it was a group of five. we continue to see an up-tick in chinese nationals arriving at our southern border. sending it back to you. ashley: everyday you bring us remarkable stories, bill melugin , great stuff, bill, thank you very much. by the way, president biden addressed the border crisis nearly one hour into his speech, but he was interrupted by republicans. watch this. >> fentanyl is killing more than 70,000 americans a year. >> [rumbling among the crowd] >> you've got it. so let's launch a major surge to stop fentanyl production and sale and trafficking with more drug detection machines, inspection cargo, stop pills and powder at the border. >> [applause] ashley: well, finally, chad wolf , former acting dhs

secretary john joins us now. for the longest time this administration wouldn't acknowledge there was a crisis at the border. is he going to security? is he finally recognizing the disaster that it is? >> well he may talk about the disaster. he may talk about the crisis but i don't think anything will change along that border unless you change policy and i don't believe that the biden administration is really serious about that. he talks about fentanyl there in the state of the union. he talks about a big initiative. where has he been for two years? this crisis didn't pop-up overnight. this crisis had been ongoing for two years under this administration and why haven't we seen this big plan unveiled before now, before the state of the union in 2023? it doesn't make any sense. there's just a few lines about border security and immigration in that entire state of the union speech and i think what that tells you is his priority is not on this issue. it's not really on solving this issue at the end of the day and that's unfortunate. i think a majority of americans want to see an end to what's going on down on that border.

ashley: talking about missing in action. what about kamala harris, the so-called border czar. i mean, what has she done? >> well, as far as i can tell, very little, and i think probably the longer that she stays away from the border is probably a good thing at this point because it's only going to cause confusion and elsewhere so what you need to see is a change in strategy. the president continues to talk about two things. he wants more money and more resources and this is a common refrain from the biden administration. whenever they see a crisis they just want to throw more money at it but we don't have a money issue along that border. we have a policy issue and it's bad policy that's driving this crisis and that needs to change first, and then of course he blames congress. he blames congress for somehow not solving this crisis. he started this crisis by bad policy and he can solve it today you don't need congress to get the border under control. he just doesn't want to provide that leadership and that direction. ashley: i've got 10 seconds, chad, but you know, bill melugin

just said five chinese nationals , no one is really talking about the security implications as people pour into this country. we don't know who they are, where they came from and what they want to do. >> yeah, such a good point. we have public safety and national security threats along the border every single day and the left only wants to talk about children and women and that's just not the reality and the border patrol agents know that and everyone that works and lives along that border knows that as well. ashley: we've had this conversation everyday as you say, chad, for the last two years. hopefully something will get done. chad wolf, thank you very much. appreciate it. >> thank you. ashley: businesses who are struggling by the way to fill empty positions are now looking to hire migrant workers. come back in here, lauren. would they get the same pay? lauren: in some cases, ashley, yes. illegal immigrants are being paid the same as their american counterparts. look, there's 11 million jobs that are open and some employers are having a field day being able to hire this new and relatively cheap labor. they want to keep them. they pay them more.

this is happening anecdotally in restaurants and construction sites. there's no way to track this , because it's off the books. it's under the table, but it is happening. the "wall street journal" did a deep dive and they said look, the migrants are seeing their wages go up by about 40% as the u.s. job market tightens, and then if you look at remittances, that money being sent back to latin america up 9% in the past year to $142 billion and that's one way to say okay, more workers are coming in or more migrants are coming in. see what i just did? who are working and they have more money to send back home. ashley: yeah, well, all right fascinating, lauren, thank you very much. by the way, big tech is going all-in on artificial intelligence. microsoft, google, facebook, all announcing new products infused with ai, but there are questions whether the dangers of being overlooked. susan li will break it all down for us coming up. also, the rhode island public school system is being accused

of racially discriminating its teachers. the civil rights commissioner just filed a complaint against the school system and the rhode island board of education. we're going to speak to that person, next. ♪

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ashley: let's take a look at these markets. investors more focused i think on corporate profits and, well, just kind of muted right now. the dow off about two-tenths of a percent, the s&p down half a percent, the nasdaq now down just over half a percent as well all right, come in here, lauren. you're looking at some of the other movers this morning start with doordash. lauren: up 8%. there's no news on this gain. it could be because uber reported its strongest quarter ever and that is giving a boost to delivery players. i say that because lyft shares are lower, they report tomorrow that's more of a rideshare pure play, so maybe the delivery giants are going to do better as we all get lazy and order everything delivered to our doorstep. teva pharmaceutical, they are the world's biggest maker of

generic drugs down about 5% their revenue fell 5% to $3.9 billion, and under armour, this is interesting, their shares are selling off by 4.5%. they boosted their profit forecast for the year. you'd think that would send the stock up, but lots of talk about discounts and promotions to juice demand, and even though they raised their profit forecast investors might be saying whoa, your margins are going to get hurt. ashley: yup. down nearly 5% lauren thank you very much. big tech is going on very big for artificial intelligence. we talk about it everyday it seems. microsoft by the way surging this morning up nearly 2%. susan li joins me now. what's the latest on big tech and ai? >> well we know it's an arms race and an arms war when it comes to artificial intelligence now, it may not be winner-take-all but you can imagine the winner will take a lot and microsoft as you mentioned rallying again today. the stock is up 16% the past

month, all on this ai hype and i'm sure stu is very happy about that and we might just be years away from getting our very own j arvis from ironman, at least you know this reference. so microsoft unveiling that bing search engine infused chatgbt yesterday is advertised as a google killer using ai to help you search the internet better. one example they used yesterday was finding a love seat that can actually fit into the back of your truck. it can also write linkedin posts for you, and search through financial statements pretty incredible, and microsoft ceo says that it's a new era. >> i think that this technology is going to reshape pretty much every software category. it's a new day in search. it's a new paradigm for search. rapid innovation is going to come, in fact, a race starts today. >> yup, that race does start and now remember that bing, by microsoft, isn't that wildly

used. in fact you have google that has almost 98% of the entire search market, and google would argue they are the leader when it comes to artificial intelligence and ai, announcing this morning that they will integrate generative ai, that's the buzzword, into their search results pretty soon. google maps will also have more artificial intelligence backed immersive views for you and google has really sold itself as an ai-first company and on my conversations with google executives that's how they picture themselves and they say look we have ai already infusing google translate, photo editing features also google maps as well and they are launching their chatgbt competitor in just a few weeks time but then you have doubters out there pointing to this google bard tweet which shows bard giving the wrong answer to the question over the james web telescope and that's one of the main reasons why the stock is down around 6% and it's a big move for a big company like google and you also is china competitors like

alibaba announcing they will develop their own ai chatgbt that they in fuse into their search engines, baidu is doing ernie and the big winner out of all of this is the chipmakers nvidia which makes those fast graphics chips that power artificial intelligence. nvidia is up 50% so far this year, so i would say yes this is all i want to talk about and i can tell you in the invest ing world this is all the hype there is. ashley: stu just wants something that will turn on his television i don't know whether ai can do that but that's all he wants. >> i tried to describe this to him whether it's 2001 space odyssey you have to go back to the jetsons in order to make this relevant to him. ashley: yes, yes, he wasn't familiar with the 2001 movie. all right susan thank you very much. now, changing subjects completely. our next guest just filed a complaint to investigate racial discrimination towards teachers within the rhode island public school system. peter kersinau is with us on the commission on civil rights

and he joins me. peter? how exactly did rhode island schools racially discriminate? >> well they did in two ways. first you have the providence, rhode island school district, which provided, these are nice things but they did in a discriminatory manner. what they did is they provide a form of scholarship or loan forgiveness of up to $25,000, actually $50,000 in some circumstances, but only for non-white teachers. now, title 6 of the civil rights act specifically prohibits discrimination on the basis of race, sex, age, all of the usual protected classes. the state of rhode island also has a discriminatory program. again, a very nice program but it's only available to non-white s. that is, it provides this mentor ship program, so if an experienced "teacher of color " mentors a less experienced teacher of color, they are entitled for up to $

2,500 of a stipend and the ment ee gets $500. again solely limited non-white teachers, and that's blatantly discriminatory. in the case of providence, a complaint has already been filed so and we've continued to engage in this discriminatory conduct so what we've asked for is that there be funds in order to penalize this. you can't just go ahead and discriminate on the basis of race. ashley: and peter, very quickly, what's the reaction been? the way you describe it, it's clearly discriminatory. >> well, here is what you have to understand. we'll be filing many many more complaints because this is endemic throughout the entire country. there are hundreds if not thousands of similar programs. there have been people, parents, teachers who haven't been allowed to take advantage of these programs, who filed complaints under title xi with

the office of civil rights and the department of education so it is widespread throughout the country. i'd be surprised if you found any districts, any urban districts, that didn't engage in this form of discrimination. ashley: we'll continue to follow the story and i'm sure we'll have you back on the show, peter , thanks very much for joining us this morning. it's quite remarkable when you lay it out like that. thank you. the irs is telling millions of people to hold off on filing their tax returns. come in here, lauren. why are they saying that? lauren: because the rules aren't set yet. what? okay, so, the issue has to do with the rebate checks that were sent out in california but about a dozen other states, and that money was to help tens of millions of americans cope with high bills, okay? so the question is, is that billions of dollars doled out taxable income? so millions are being told to hold off on filing your tax return while the irs figures out the answer. they say don't call us. we'll blast the information when

we figure it out but tax professionals say look they have been treating the rebate checks as not taxable, because they are for general welfare, so some big questions. billions of dollars, millions of people, and we don't have answers. ashley: well there is the irs, ladies and gentlemen, right there. all right, lauren thank you very much. now this. china says the u.s. should return that debris from the balloon it shot down. they say it's their property. well, so now it's there's, huh. we'll tell you how the white house is responding. president biden has vowed to support american manufacturing but there's a major problem. china controls many key products and materials that we rely on. now, national security experts warn that reliance could be weaponized. lydia hu has that story, next. ♪

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ashley: in last night's address president biden said american infrastructure will be made with american products. lydia hu is in new jersey this morning and lidia, aren't we dependent on china for some of those products? reporter: good morning, ashley. yeah, a lot of those products. in fact, more than $500 billion worth of goods were imported from china into the united states in 2021. almost half of those goods were machinery or machine-related appliances and there are a lot of other consumer products that all of us need from furniture to leather products, plastics and raw materials like chemicals too still, the president insists that the united states is in a good position to compete with china. watch this. >> we see competition, not

conflict, but i will make no apologies that we're invest ing to make america stronger. today, we're in the strongest position in decades to compete with china or anyone else in the world. reporter: but ashley, there is a growing chorus of experts that warn that beijing could weaponize america's dependence on china. watch this. >> i would say there's no silver bullet. we just got to start digging out because we're at a point where we've allowed these kind of things to fester and the only way to do it like i said is to really start rip and replace some of these systems. reporter: and we are at the ports right now in new jersey, because the port system around the world could offer china some leverage. according to research from the u.s. naval war college and indiana university, chinese and hong kong-based firms hold stakes at 95 foreign ports around the world with plans for

more acquisitions. the experts say the concern is this network of ports could be exploited by china to interfere with america's access to consumer products and raw materials, but also, could be leverage to china for their military and navy with possibly devastating consequences. ashley? ashley: yeah, your absolutely right, lidia and it's happening right under our noses. great report, lydia hu. thank you very much. by the way it took president biden more than one hour to address the chinese spy flight during last night's speech. come back in here, lauren. what did he finally say? lauren: about an hour into the speech, seven lines on china , and just a small nod to the spy balloon. >> committed to work with china where we can advance american interest and benefit the world, but make no mistake about it. as we made clear last week, if china threatens our sovereignty we will act to protect our country and we did. >> [applause] lauren: that was the subtle

reference to the balloon, and, you know, some were saying this is lack of leadership. china is arguably our most immediate threat. ashley: indeed and lauren, by the way what's china saying about this aircraft/balloon? lauren: you can't make this up. they want what's left of it back they continue to assert it was a civilian aircraft. it was a weather balloon. it just veered off track and the u.s. overreacted by shooting it down. okay, let's say you believe them experts are looking at the debris and they say there are very few similarities between real weather balloons and this one, and then the pentagon says they can't even get china on the phone to talk about it, but then again, you know, you question talking about leadership, why are we calling them to talk about it? you know? ashley: exactly. lots of questions. lauren thank you very much. right now, former twitter executives at the center of the decision to suppress the hunter biden laptop story well they are testifying right

now on capitol hill. kelly o'grady has that story coming up. also, president biden makes a stunning admission after going on about his green agenda. watch this. >> they invested too little of that profit to increase domestic production and they say we're afraid you'll shutdown all of the oil wells and oil refineries anyway so why should we invest in them? i say we're going to need oil for at least another decade. >> [laughter] >> and beyond that. ashley: at least another decade. montana senator steve daines will deal with the president's about-face next. ♪ who's on it with jardiance? ♪ ♪

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i screwed up. mhm. i got us t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! woo! i want to hear you say it out loud. well, i could switch us to xfinity. those smiles. that's why i do what i do. that and the paycheck.

to finally lose 80 pounds and keep it off with golo is amazing. i've been maintaining. the weight is gone and it's never coming back. with golo, i've not only kept off the weight but i'm happier, i'm healthier, and i have a new lease on life. golo is the only thing that will let you lose weight and keep it off. who loses 138 pounds in nine months? i did! golo's a lifestyle change and you make the change and it stays off. (soft music) ashley: right now, three former twitter executives are testifying over their handling of the hunter biden laptop story kelly o'grady has that story. kelly, good morning. what are we expecting to come out of this hearing? reporter: well, ashley, we're getting the first taste of what accountability may look like for these social media platforms , so the house oversight committee is holding

part 1 of its deep dive into censorship draining much content from elon musk's explosive twitter files. committee chairman james comer began the hearing sharing this is the "first step in examining the coordination between the federal government and big tech to restrict protected speech and interfere in the democratic process." those in the hot seat are former chief legal officer, deputy general counsel james baker and former head of trust and safety. thus far we've just heard opening statements from the three witnesses each address the hunter biden laptop story specifically arguing they may have made mistakes but claimed no intentional wrongdoing, sharing this. >> we took extra precautions to ensure we scrutinized or challenges and never just acquiesced to government legal demands. defending free expression and maintaining the health of the platform require difficult judgment calls. reporter: for the democrats though this is an entirely different hearing, ranking

member raskin called the laptop focus an example of the victimol ogy of right wing politic in america and shared " silly does not even begin to capture this obsession. twitter is a private media company in america, private media companies can decide what to publish or how to curate content" instead democrats are focusing on what they allege to be twitter's role in the januarl hill. now, ashley, questioning just began but given both sides they are zeroing in on very different things that remains to be seen whether these inquiries will translate into action. back to you. ashley: yeah, we'll have to wait and see. kelly, thank you very much appreciate that. senator steve daines, republican from montana, recently had his twitter account suspended after he posted a photo of himself and his wife hunting. senator daines joins me now. twitter reinstated your account after elon musk apparently jumped in, but do you think twitter has a free speech problem? >> well, they do.

we were notified without any prior warning that we were going to have our twitter account shutdown and censored monday night about 11 p.m. and by the way, i put that picture up on my profile back in early january, without any warning we were shutdown on monday night. in fact, the message we got i'm reading it from the twitter policy sent to us. this violates our rule against graphic violence or adult content. i'd ask viewers to take a look at that picture. does that violate those kind of rules? it is absurd and i've got to thank elon musk who reached out to me yesterday and said i'm going to reinstate your account and i'm also going to work to change the policies at twitter. they are censoring what i would call, you know, middle america, american values and traditions. our family has gone antelope hunting in eastern montana for over 20 years. in fact my kids took that picture. this is a family tradition and we have these testify elites that want to impose their values

on the rest of the world. i just kindly request, why don't you also in the spirit of incisiveness and diversity accept our montana values we pass on from generation-to- generation. ashley: exactly. i've lynned in montana. hunting is a way of life and the east coast and west coast elites just don't get it. another one for you, listen to how republicans reacted when president biden said the u.s. would need oil for at least another decade. listen to this , i'll get your comment. >> have you noticed big oil just reported its profits, record profits. last year, they made $200 billion in the midst of a global energy crisis. i think it's outrageous. why? they invested too little of that profit to increase domestic production and when i talk to a couple of them they say we're afraid you'll shutdown all of the oil wells and all of the oil refineries anyway so why should we invest in them? i said we're going to need oil for at least another decade and

that can exceed -- >> [laughter] ashley: you know, senator, republicans laughed at that. i guess, at least another decade i mean, what's your reaction to this? it's such a muddled message. >> yeah, president biden and the senate democrats are living in a green hallucination. here are the facts. over the course of the next 25 years, global energy demand is going to increase 50%. we will need half again as much energy as needed today as we think about the future of our country and the world. when president biden said we'll be done with oil in 10 years, that sends first of all a very chilling message to the capital markets because these investment s need to last for certainly longer than 10 years and so he's only continuing to contribute to the energy crisis. he shuts down the keystone pipeline day one, that comes into montana. he relies on draining the strategic petroleum reserve,

and then he's out pleading with iran and venezuela for more oil when he should be looking right back at america and saying we have a 30 or 40-year vision with an all of the above energy portfolio which includes oil and natural gas. that's the right answer. the american people see it and they saw the absurdity of president biden's comment last night. ashley: we'll leave it right there. appropriately. senator daines, republican from montana. thank you so much for joining us this morning. we do appreciate it. >> thank you. ashley: okay. guess what? thank you. still ahead, martha maccallum, brent bozell, erica donalds, what a lineup, the 11 a.m. hour of "varney" & company is next. ♪ this is how we do it ♪

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>> this is just like the august rally and you need the economy to bottom before we're going to go to a bull market. every time we have a rally i get asked is this the start of a bull market and unfortunately right now i don't think that it is. >> we have ascends out of the bear market. just look at the market, and we are in an up-tre