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>> first amendment is for everybody, the government should not be in the role of suppressing free flow of information which americans had every right to know details about the biden family business. >> china is taking this seriously which are leadership class, they don't seem to. it is incumbent upon our leaders especially in congress to ask the question why. >> you can't convince people things are really great when they look at the bottom line at the end of the month and say they are either in the red are barely making it. >> bad news is good news. negative pattern will keep the volatility. those cycles of ups and downs in the markets for the foreseeable future. >> a lot of things out of the bear market, january 6th, the nasdaq had a real good low, seems to get better by the day and markets seem to be in gear. ♪

ashley: lady liberty through the haze in new york harbor, good morning, it is 11 a.m. on the east coast on this thursday, february 9th. i'm ashley webster in today for stuart varney, we were up across the board when we rang the bell an hour and a half ago, the dow up 200 points, basically gaining back everything we lost yesterday, this in paean the nasdaq up solidly half of one%, look at the big tech names, starting to fade back a little bit, microsoft still up one%, apple up, amazon, meta and alphabet all down, moving slightly lower except alphabet, it is down more than 4%, let's look at the 10 year treasury yield slightly on the way up, up one. 4 basis points, 3. 64%, now %, now to this,

president biden doesn't think people care about the house investigation into hunter biden's laptop. listen to this. >> president biden: the public is not going to pay attention to that, they want these guys to do something that all they can do things make things up about my family. won't go very far. ashley: which will thinking perhaps? sean duffy joins me now. do you agree with the president that nobody cares and no one wants to pursue this? >> i to go with him. no one cares about hunter biden. going to prostitutes, he's a drug addict, they don't care about him. what the american people care about is they care about what relationship does president biden have to hunter biden and was he getting kickbacks off of the deal that hunter biden was doing when joe biden was vice president, but he selling the vice presidency through hunter biden to form entities that hate america, they care about

that. if that is the case than the than president biden is compromise, making decisions that are best for his family, to protect himself from previous foreign deals, not looking out for the american people, whether you look at not mentioning china or balloongate in the state of the union this is the greatest threat this country faces and the president won't mention it, begs the question is economize, the american people are tuned to that point, they care about joe, don't care about hunter biden. ashley: but we want to know what was going on. here is president biden on a possible 2,024 run. listen. >> you would be 82, 86 if you are successful and elected and finish that term. does it give you any concern? >> president biden: watch me. that is all i can say. it goes from one extreme to the other, last night i heard

people were saying watch biden, he's -- >> sound like you are running. >> president biden: that is my intention. i think i've made that decision. stuart: i think he has in the campaign slogan is finish the job which he said 12 times at the state of the union but what you think? does he run? >> that's going to be the campaign slogan, finish the job, finish destroying the border, finish destroying the economy, law enforcement, education, finish the job to destroy america but that aside, we've been watching president biden and you see him try to shake hands on stage with people that aren't there, same getting lost going to the oval office from the helicopter, we see him slur his words of the state of the union. we have been watching him and are not that impressed. and his policies. but he's going to run. it is hard when you are manlike

president biden who has fought to elevate himself, fought for the presidency all that time. once you get it you do not give it a. the only way this doesn't happen is if democrat leadership or the media says we want to go on a different direction. if they say that and start reporting the stories fox has been reporting, it's going to be out but if it is up to joe he is running, he is all in. ashley: it is ironic, finish the job, the question is can he finish the job but we will move on. we've got to talk crypto, sam bankman fried back in federal court today, what is your take on all this? >> "my take" is i want to know who posted bail for him and why the courts let him go stay with his parents when he stole billions of dollars in california, why is he being treated differently, is it because of money he gave to democrats, was he buying a relationship that's benefiting him, and also ftx is going to subpoena and have a conversation with sam

bankman-fried, what they want to recoup the money that was spent whether from politicians or media outlets, and give it back to the people sam bankman-fried stolen from. we've seen it rebound since the news first broke, he should be behind bars and frankly behind bars for the rest of his life. ashley: we know where you stand, thank you so much, sean duffy joining us, 6:00 pm eastern, a great show, great combination. and the dow is up 200 points up one third of%. everything fed official says, up and down we go. let's bring in michael lee.

it is the worst behind us? let me ask you that? >> that's the million-dollar question of the moment. the price action equity market makes it look like that, but the macroeconomic data tells a different story. you have a major leading economic indicators look like they are going in a downwards direction and the only economic data with bright lights of hope is unemployment figures. unemployment numbers always traditionally bottomed very close to the start of recession, anywhere from one to four months out and those numbers could get low and that does fill the adage is that the unemployment data is a lagging economic indicator and when you take a step back, the junkie asked assets, rallied the

hardest this year well short-term interest rates near 5% and i think the market is thinking the fed will cut interest rates much quicker than they will and who knows if inflation is going to kick up again based on what we saw in used car prices over the last month. i hope it is behind us but i don't think it is. ashley: you bring up a good point. we are almost out of time but as conditions of loosened with regard to the fed, we are seeing inflation come back, that's not good for the markets because the fed could be in this battle longer than we think. >> it is important for jerome powell to be as aggressive as he can now so we only have to fight disinflation battle now. get a double top like we did in the 70s and 80s, this will be devastating, we need a more hawkish tone so that inflation gets killed and put to bed.

stuart: that's a good place to end it. great stuff, thank you for joining us. come back in here, you have some movers, let's begin with tesla up 4.5%. lauren: a lot of catalysts, the latest, regulators found no evidence that it's autopilot was used on a models that fatally crashed a few years back so that removes this overhang about full self driving and than the model why, top seller in california all of last year beating out the toyota camry, tesla at 210, bp up in a big way, still cutting back oil production but now by 25% instead of 40% in the next 7 years, that stock up to under third, tapestry, the owner of coach, they had big people, this is the polar opposite of what we reported yesterday about the michael coors owners,

younger shoppers are snapping up nearly half of their new customers so luxury is alive but there are winners and losers and tapestry is a big winner. ashley: it is indeed. new data finds president biden's state of the union address wasn't exactly a ratings juggernaut. how many people watched? lauren: 27. 3 million, 29% fewer than last year, smallest audience since 1993. what really stuck out to me, just 5% of people who watched were under the age of 35. so young people completely dismissing the president and what he has to say. ashley: is it that surprising but that alone number, thank you very much. brian brumberg is with us for the entire hour, another show coming up at one p.m.

very hard-working young man. are you surprised by the state of the union ratings are not? >> no. the thing was on at 9 p.m. i didn't want to stay up to watch that, only reason i watched was because i had to to do my job. most people say, best case it might be slightly less than boring, nobody expects him to say anything except the standard party line which is exactly what he did. didn't surprise me people didn't watch, doesn't surprise me that young people didn't watch, they will just get the clips. ashley: i know stuart varney slept through the whole thing and that is a fact. and many others apparently. thank you very much, now this, the annual list of the safest airlines in the world has been released and not one us carrier cracked the top 5. we are on that. mexico unveiled plans for new

wind power plants in the us is going to foot the bill. a race against time to recover debris from the chinese spy balloon, bad weather threatening to complicate the investigation. we have the report off the coast of south carolina next. we all have a purpose in life - a “why.” no matter your purpose, at pnc private bank we will work with you every step of the way to help you achieve it. so let us focus on the how. just tell us - what's your why? (ringing) - hey kaleb, what's up? how you doing? - hey, i'm good, guess what, i just had my 13th surgery. - really? i just had my 17th surgery. - well, you beat me. - well, i am a little bit older than you. - yeah it's true.

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tell your doctor if your crohn's disease symptoms... develop or worsen. serious allergic reactions may occur. watch me. ashley: our military has been working to recover all the pieces of the chinese spy flight in the waters off myrtle beach south carolina.

brian, what is the latest? >> reporter: a senior us state department official says that ultimately this high-altitude spy ship was far more sophisticated than a weather balloon is the chinese government says that it was which obviously was not. according to this official the airship was capable of intercepting communications signals. it had antennas and type of equipment to geo-locate different signals including communications and according to the secretary of state anthony blinkenin, he says the government is learning more and more about this ship as they recover read off the coast of myrtle beach. >> getting more information almost by the hour as we continue to work to salvage the balloon, we are learning from that and as well, we are

learning from what we saw and picked states. as to who is responsible for that, china is. >> reporter: the state department says they have high definition imagery from spy planes that were able to capture the specially comment on board the airship. the us says this is a part of chinese surveillance balloons that have made their way over about 40 countries, over 5 continents. the balloons vary in size and capability's and the pentagon says it has been aware of china's surveillance program for several years including four previous balloons that have or oversights in the us that were of interest to china. during the trump administration, and one at the beginning of biden's presidency. >> we were tracking this before this incident. as i mentioned, our awareness and understanding of this capability has increased over

the last couple years, this wasn't information we necessarily had previously. >> reporter: the conditions on the water have been absolutely pristine especially for salvage operation, naval divers, unmanned underwater vehicles, have been able to go under the last 2 or 3 days and survey and pick up debris but that will change this we can, we are supposed to have 5 to 8 foot seas, 25 miles an hour winds so we will see what happens to the salvaging operation then. ashley: hopefully you will be reporting from shore because that will be rough on the boat. great stuff. president biden says our relationship with china has not been damaged by the spy balloon incident. listen to this. >> of relations between the us and china taken a big hit? >> president biden: no. no.

>> how do you know? >> president biden: i know. i talked to them. but look. the idea, shooting down a balloon that's gathering information over america makes relations worse. ashley: not quite sure where his going with that. former state approved official christian widen joins me now. is he downplaying this issue? because they are spying on us, right? >> clearly is, you wonder why, think back, 1960, the soviet union shot down a us spy plane, it was just weather gathering information, that led to the collapse of a summit between khrushchev and eisenhower because the soviets weren't

going to be just no big deal, business as usual, we are competitors, not adversaries. this goes to the fact that he has no china policy really. ashley: it is a low-tech way to use a spying apparatus. could it be more sneaky than a satellite? we know when a satellite comes around so is this kind of an under the radar even though it wasn't kind of move? >> we still don't know. it is interesting the secretary of state was implying they are gathering communications data, that is something if you look at the speed a satellite in low earth orbit has to maintain to maintain orbit it doesn't necessarily have that persistence over a target but the number of satellites is staggering and growing. what you can get from a balloon, may be something to it, not just some bizarre act

of the chinese military doing something if leadership didn't know, maybe something more sinister and damaging to us. ashley: the nato chief just met with anthony blinken saying the chinese balloon demonstrates behavior that poses a threat to the nato alliance members. what action could nato take against china? >> hard to say. can't imagine nato being much use in a conflict with china. best thing nato can do in a conflict with china, handle the russia threat. europe has a $21 trillion economy, 400 million people, more than we have, paying 3 quarters of the ukraine operation, and finally graduate into a situation the european component could handle this much smaller economy, that

would be the best for us and we will handle china. ashley: nato underdelivering. thanks for joining us this morning, we appreciate it. listen to congresswoman on the house probe into the hundred biden laptop story, listen to this. >> a whole hearing about 24 hours in a right wing political operation. that is why we are here and it is an abuse of public resources and abuse of public time. we could be talking about healthcare, we could be talking about bringing down the cost of prescription drugs, we could be talking about abortion rights, civil rights, voting rights, but instead we are talking about hunter biden's half fake laptop story, this is an embarrassment. ashley: it is an aversion to call it half fake. what exactly does she mean? >> i have no idea what half fake means. i can tell you why she doesn't want to talk about this, she

liked having twitter and other social media platforms being a way to keep inconvenient stories out of the news. this is the president's son making tons of money for foreign governments and foreign actors and looks like the president might have been in on it. you think that's a 24 hour blip? i don't think so, people want to get to the bottom of it. ashley: they certainly do. half fake, another word that begins with half. mexico's president has announced four new wind farms to be built in southern mexico but the kicker is he says the us is going to pay for, what are they talking about? lauren: his plan for 10 industrial parks, essentially making this section of mexico as significant to trade as the panama canal, half of them will be funded by the united states, but he then won't allow any

foreign company including the united states to develop the area. so the us provides interest-free loans to develop mexico to fund windfarms to address climate change. great idea. ashley: thank you very much. moving on. indiana jones returning after 15 years but harrison ford says better not make any old man jokes. we are on that. the president is confident we can avoid a recession. listen to this. >> do you think there's going to be a recession this year? >> president biden: no, or next year. ashley: does his logic lineup? that's it question for professor brian brumberg next. ♪

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ashley: it is 70 ° in miami. let's check the markets. susan lee, you've been looking at some of the movers. let's begin with salesforce. >> that song is one of my favorites. salesforce, staring down 5 activist investors, third points buying in. elliot of course has a pretty successful track record forcing changes that tech companies, jack dorsey leaving twitter. elliott suggested new board nominees. salesforce going through a rough time, they announced 8000 job cuts last month. the second co-ceo, bret taylor, resigned last year, the second

to leaving three years. it bounced back by a quarter and the complaint has been salesforce suspending an expensive acquisition like slack, costing $28 billion. speaking of activist investors, nelson peltz says his proxy battle with disney is over after bob iger announced 7,000 job cuts, saving disney $5 billion. disney will be split into entertainment parks and espn and 2. 4 million disney plus subscribers, first loss in the streamer's history since it debuted in 2020 and no guidance on numbers for this quarter. disney beat sales and profit. wall street really liked it. it is one hundred 40 one for the stock. disney is up 25% since iger's return.

frozen and toy story sequels in the works. tesla got good news this morning, the ntsb concluding the fatal texas crash of 2021 the killed two individuals because of alcohol and not self driving and musk promising to reveal his master plan for re-tesla is on an 8 day rally, 27% boosted -- it was up after they announced $7500 tax rebate because the us government says they accept tax rebates up to $80,000. ashley: thank you, tesla on a tear for sure, the president is rejecting the idea of a recession in the next two years. not going to happen, he says. >> the gallup poll saying most americans think next year the economy is going to be bad. do you think there will be a recession?

>> president biden: no, or next year. from the moment i got elected, experts are saying 6 months there will be a recession. ashley: not exactly convincing, of course he would say no. he says no recession this year or next year, what do you say? >> he has a great track record on the economy. he nailed the inflation call. i'm sure he will nail the recession call. will be a recession this year? i don't know. even if we don't, we will get a really really slow growth economy and have inflation hanging around and to me that is the bigger risk. the end of the year, instead of getting inflation all the way down to 2, lingering at high levels, the come down inflation is driven by energy. that's great except we haven't done anything to invest in energy infrastructure.

oil prices go back up, gas prices? it is winter time right now. energy prices, gas prices tend to be lower, but as we get china reopening, prices could go up again. i hope we don't get a recession, on the basis about the predictions of where the economy is going. ashley: a new survey shows four of five gins the workers want to leave their jobs this year according to a linked in report out of the uk. most young workers looking for better pay. some have a feeling of greater purpose in society. most workers started their careers during the pandemic, does that have to do with the mindset, they are less attached to their jobs, more comfortable with change. >> we know there are a lot of

jobs out there, good for young workers to think about where they are going next, they are learning a lot but i would say this, i get nervous about younger workers who leave jobs when the going gets tough without sticking through it and to doing something meaningful in that job. at some point you got to stick through, contribute, have a track record, the job hopping is not great for that. on that point about them looking for meaning in their work, that is great, you should do something that interests you but don't ask too much of your job because you will be seeking something no job can give you, that is identity and ultimate meaning in life. ashley: you tell young kids today, i've been working here for five years, what is wrong with you? >> that you give up on life because you have been working there? just have to do something. ashley: they are telling me

move on to the next one. then there is this, indiana jones making a comeback but don't you dare call him old. listen to this. >> not so much what you believe. it is how hard you believe it. ashley: 80-year-old harrison ford revising his role the summer, telling the hollywood reporter, quote, there are a lot of old jokes in the script and we took them all out. i would rather create behavior that is the joke of age rather than talk about it. if 80 isn't too all to be president it's not too old to play indiana jones. >> i want this movie to be good. i love the indiana jones franchise. i didn't like the last one, didn't think it was very good but i'm rooting for this one and glad they are not doing the all guy script stuff, that is so clichéd.

i hope this is good, they don't bow to woke pretensions or virtue signaling, make a great, thrilling action movie. ashley: the first one was the best, one of the best movies ever made, it was so great. thank you. now this. patrick marhomes got a complement to enter the super bowl. >> rihanna said you are the greatest quarterback ever. >> makes you feel great. ashley: we show you his reaction. plus the chief operating officer at southwest airlines in the hot seat on capitol hill, congress demanding answers about the holiday meltdown and what they plan to do to make sure it never happens again. that is next.

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ashley: southwest chief operating officer in the hot seat on capitol hill, grilling him over the travel mess this holiday season. what do we know at this point? >> reporter: southwest chief operating officer andrew waterson started the hearing apologizing for the holiday travel meltdown that impacted roughly 2 million travelers. watch. >> i want to sincerely and humbly apologize to those impacted by this disruption. this is the most important take away here. why did this happen? let me be clear, we messed up.

>> reporter: the airline executive is blaming the widespread cancellations that affected 16,000 flights on a series of events, the weather, failure of information technology and failure of infrastructure. some lawmakers with of the senate committee on commerce, science and transportation pressing the budget airline on what investments are being made to prevent this in the future. >> just paid out a huge dividend so people want to know are these guys going to invest in the technology that will make the system operation so this will never happen again? >> we need investment technology but also operational systems outside technology. it is too much for us. >> reporter: you just heard that was $400 million paid at the end of january. testimony comes as the department of transportation is

investigating the airline over its scheduling but senator ted cruz expressed his hope that lawmakers will resist regulating the airline and trust the customers will vote with their feet, he says. ashley: interesting stuff. thank you. then there is this story, the annual rankings of the world's safest airlines have been released. who got the top spot? lauren: qantas airlines in australia followed by air new zealand, qatar, singapore airlines. i did not mention a single us carrier. the only us airlines to crack the top 20, alaska came in at number 8, hawaiian, united, america, delta came in at 20. airlineratings.com put together these rankings, looked at 385 airlines and things like crashes, pilot training. pilots are well trained but

there's a pilot shortage. ashley: the flying kangaroo, number one, thank you very much. flying them next month, stands for queensland and northern territory aerial service. it's an acronym back in the days when it just served that area. lauren: you just pull that off of the top of your head? ashley: i have a penchant for useless facts and that is one of them. now, the dow 30 stocks, a sense of the markets and there we go. virtually all green earlier and now it is a mix of green and red. salesforce.com, the dow was up 200 points, losing steam up 72 points. look at the tom brady card, it could sell for $800,000 at

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ashley: you are looking at a very cool looking stadium, state farm stadium in glendale, arizona where the philadelphia eagles will take on the kansas city chiefs in the super bowl this sunday and rihanna will perform at halftime. chief quarterback patrick marhomes is getting roasted for falling for this prank during a news conference. >> rihanna said you are the greatest quarterback ever. how does that make you feel? >> makes you feel great. i had family members more

excited about the halftime show than the game. whatever rihanna says is like the gospel. i'm glad she went to me for that honor. >> she did. >> you got me up here smiling. ashley: how cruel, he was prank by brandon marshall, a member of the nfl media team. do you -- to do you have winning the super bowl? i picked the eagles, i think they are the complete team, alienated everyone in kansas city. what say you? >> i'm going for the chiefs, i had a chiefs hat when i was a little kid. i loved their big running back. ashley: you are going chiefs. i think philadelphia is too good all around. we will see who is right.

the super bowl, 6:30 p.m. eastern time only on fox. chris iv from heritage auction joins me with sports memorabilia up for auction. i understand brian brandenberg was trying to get into some of the stuff. let's begin with the greatest of all time, tom brady, you have his patriots jersey. >> tom brady's jersey from the 2010 season, signed on the back with his statistics. this is from a game, october 17th, the baltimore ravens down by 10 points and brady led his team back to victory on this day. he signed it with statistics on the back. it is an amazing piece, 23rd comeback of his career.

ashley: staying with tom brady, you have a rookie card. how much do you think? >> this is tom brady's rookie card, autographed by brady, it is limited, 100 of these made, championship ticket, 7 examples in better condition than this example. it is 800,000 plus, sitting at just over 300,000, it is open for bidding right now and if you want to check this out, bidding is going on until february 20 fifth, twenty sixth. ashley: how much is the jersey? >> estimated at 400,000, sitting at 200. ashley: a very cool item, that is very cool indeed. >> estimated at 800,000 plus, pretty incredible.

as you can see, it is a beautiful bold signature. this, he didn't have a deal, he signed a deal with louisville slugger. he would use other bats as well. this was made by a boutique firm in syracuse and the incredible thing about this bat, it has been decades and usually bad to lose weight, the current weight is 33.1 ounces. >> this is like a piece of lumber. the fact that this guy could swing this bat the way he did. can't believe i am touching this. it feels illegal to me and i'm doing it on live television. ashley: there goes the show. >> you can tell babe ruth ripped off lou gehrig's. ashley: i want to get this in.

babe ruth's rookie card. 1916 sporting news, babe ruth rookie card, in beautiful condition, the last example sold for 2.4 million in 2,020 one. we expect big things for this card, just incredible it remains the shape it is in today. ashley: how much? we are out of time. how much? >> 3 million. currently sitting at one.for 25 million. ashley: thank you. 425 million. ashley: thank you so much. check brian's pockets before you leave. which blood type is the universal donor? oh positive, a be negative? i think i know. the answer after this. these st! they collect hundreds of data points like hrv and rem sleep,

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desert mountain energy, a primary helium producer, is poised for big things in early 2023, with the start of production at their arizona helium project and the commissioning of an accompanying processing facility. desert mountain energy. ♪. ashley: all right, which blood type is the universal donor? brian you're first. >> i think it is o-negative but i think he it is o positive. >> o positive. ashley: you know what the answer is? o-negative. there you go. >> yes. by the way don't forget to send in the "friday feedback." that's it, "coast to coast" starts right now.

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